Prime Financial Group
Market Cap
AU$15.3m
Last Updated
2020/10/31 10:40 UTC
Data Sources
Company Financials
Executive Summary
Prime Financial Group Limited provides integrated accounting and business advisory, wealth management, and capital advisory services in Australia. More Details
Rewards
Risk Analysis
Snowflake Analysis
Good value with proven track record.
Share Price & News
How has Prime Financial Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PFG has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
7.5%
PFG
-4.7%
AU Capital Markets
-3.9%
AU Market
1 Year Return
7.5%
PFG
-4.9%
AU Capital Markets
-9.6%
AU Market
Return vs Industry: PFG exceeded the Australian Capital Markets industry which returned -4.9% over the past year.
Return vs Market: PFG exceeded the Australian Market which returned -9.6% over the past year.
Shareholder returns
| PFG | Industry | Market | |
|---|---|---|---|
| 7 Day | 7.5% | -4.7% | -3.9% |
| 30 Day | 8.9% | 3.3% | 1.8% |
| 90 Day | 19.4% | 0.8% | 1.7% |
| 1 Year | 15.6%7.5% | -1.4%-4.9% | -6.4%-9.6% |
| 3 Year | -43.3%-53.5% | 26.7%10.9% | 12.3%-1.9% |
| 5 Year | 13.4%-18.1% | 59.8%26.7% | 40.0%11.3% |
Price Volatility Vs. Market
How volatile is Prime Financial Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 months ago | Simply Wall St
Lacklustre Performance Driving Prime Financial Group Limited's (ASX:PFG) P/E4 months ago | Simply Wall St
Do Institutions Own Prime Financial Group Limited (ASX:PFG) Shares?5 months ago | Simply Wall St
Have Insiders Been Buying Prime Financial Group Limited (ASX:PFG) Shares?Valuation
Is Prime Financial Group undervalued compared to its fair value and its price relative to the market?
4.5%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PFG (A$0.09) is trading below our estimate of fair value (A$0.09)
Significantly Below Fair Value: PFG is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: PFG is good value based on its PE Ratio (7.1x) compared to the AU Capital Markets industry average (23x).
PE vs Market: PFG is good value based on its PE Ratio (7.1x) compared to the Australian market (20.5x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate PFG's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: PFG is good value based on its PB Ratio (0.4x) compared to the AU Capital Markets industry average (1.2x).
Next Steps
Future Growth
How is Prime Financial Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
9.3%
Forecasted Diversified Financials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Prime Financial Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Examine whether Prime Financial Group is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Prime Financial Group competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Diversified Financials industry.
Past Performance
How has Prime Financial Group performed over the past 5 years?
66.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PFG has high quality earnings.
Growing Profit Margin: PFG's current net profit margins (9.9%) are higher than last year (6%).
Past Earnings Growth Analysis
Earnings Trend: PFG has become profitable over the past 5 years, growing earnings by 66.9% per year.
Accelerating Growth: PFG's earnings growth over the past year (62.2%) is below its 5-year average (66.9% per year).
Earnings vs Industry: PFG earnings growth over the past year (62.2%) exceeded the Capital Markets industry -7.9%.
Return on Equity
High ROE: PFG's Return on Equity (6.8%) is considered low.
Next Steps
Financial Health
How is Prime Financial Group's financial position?
Financial Position Analysis
Short Term Liabilities: PFG's short term assets (A$7.5M) exceed its short term liabilities (A$4.2M).
Long Term Liabilities: PFG's short term assets (A$7.5M) do not cover its long term liabilities (A$13.5M).
Debt to Equity History and Analysis
Debt Level: PFG's debt to equity ratio (24%) is considered satisfactory.
Reducing Debt: PFG's debt to equity ratio has increased from 19.3% to 24% over the past 5 years.
Debt Coverage: PFG's debt is well covered by operating cash flow (37.8%).
Interest Coverage: PFG's interest payments on its debt are well covered by EBIT (6.5x coverage).
Balance Sheet
Next Steps
Dividend
What is Prime Financial Group current dividend yield, its reliability and sustainability?
5.81%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PFG's dividend (5.81%) is higher than the bottom 25% of dividend payers in the Australian market (2.23%).
High Dividend: PFG's dividend (5.81%) is in the top 25% of dividend payers in the Australian market (5.53%)
Stability and Growth of Payments
Stable Dividend: PFG's dividend payments have been volatile in the past 10 years.
Growing Dividend: PFG's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (37%), PFG's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.3yrs
Average management tenure
CEO
Simon Madder
13.75yrs
Tenure
AU$508,629
Compensation
Mr. Simon Madder, B.Comm, has been the Chief Executive Officer and Managing Director of Prime Financial Group Limited since January 2, 2007 (Alternatively, AVFM Ltd.). Mr. Madder has been Chairman of Prim ...
CEO Compensation Analysis
Compensation vs Market: Simon's total compensation ($USD357.96K) is above average for companies of similar size in the Australian market ($USD274.23K).
Compensation vs Earnings: Simon's compensation has increased by more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 13.75yrs | AU$508.63k | 16.33% A$ 2.5m | |
| Co-Founder & Special Adviser | no data | AU$156.25k | 4.39% A$ 672.3k | |
| Group Financial Controller | 1.83yrs | no data | no data | |
| Group Head of Finance & Co-CFO | 1.83yrs | no data | no data | |
| MD of Business Advisory & Accounting and Executive Director | 0.25yr | no data | 7.65% A$ 1.2m | |
| Partner - Wealth | no data | AU$223.56k | no data | |
| MD of Capital & Executive Director | 0.25yr | no data | no data | |
| Partner - Accounting & Business Advisory | no data | no data | no data | |
| Partner - Accounting & Business Advisory | no data | no data | no data | |
| Partner - Accounting & Business Advisory | no data | no data | no data | |
| Partner - Accounting & Business Advisory | no data | no data | no data | |
| Managing Director of SMSF | 2.25yrs | no data | no data |
2.3yrs
Average Tenure
Experienced Management: PFG's management team is considered experienced (2.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 13.75yrs | AU$508.63k | 16.33% A$ 2.5m | |
| MD of Business Advisory & Accounting and Executive Director | 0.25yr | no data | 7.65% A$ 1.2m | |
| MD of Capital & Executive Director | 0.25yr | no data | no data |
0.3yrs
Average Tenure
Experienced Board: PFG's board of directors are not considered experienced ( 0.3 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.5%.
Top Shareholders
Company Information
Prime Financial Group Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Prime Financial Group Limited
- Ticker: PFG
- Exchange: ASX
- Founded: 1965
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: AU$15.330m
- Shares outstanding: 178.26m
- Website: https://www.primefinancial.com.au
Location
- Prime Financial Group Limited
- HWT Tower
- Level 17
- Southbank
- Victoria
- 3006
- Australia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| PFG | ASX (Australian Securities Exchange) | Yes | Ordinary Shares | AU | AUD | Dec 2004 |
| PFG | CHIA (Chi-X Australia) | Yes | Ordinary Shares | AU | AUD | Dec 2004 |
Biography
Prime Financial Group Limited provides integrated accounting and business advisory, wealth management, and capital advisory services in Australia. The company offers accounting and business advisory servic ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/31 10:40 |
| End of Day Share Price | 2020/10/29 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2020/06/30 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.