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PNC

Pioneer CreditASX:PNC Stock Report

Market Cap

AU$35.0m

7D

6.5%

1Y

-27.9%

Updated

25 Oct, 2021

Data

Company Financials
PNC fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health3/6
Dividends0/6

PNC Overview

Pioneer Credit Limited, together with its subsidiaries, provides financial services in Australia.

Price History & Performance

Summary of all time highs, changes and price drops for Pioneer Credit
Historical stock prices
Current Share PriceAU$0.49
52 Week HighAU$0.41
52 Week LowAU$0.90
Beta0.58
1 Month Change4.26%
3 Month Change12.64%
1 Year Change-27.94%
3 Year Change-84.09%
5 Year Change-72.32%
Change since IPO-69.38%

Recent News & Updates

Shareholder Returns

PNCAU Diversified FinancialAU Market
7D6.5%4.3%0.6%
1Y-27.9%16.7%21.3%

Return vs Industry: PNC underperformed the Australian Diversified Financial industry which returned 16.7% over the past year.

Return vs Market: PNC underperformed the Australian Market which returned 21.3% over the past year.

Price Volatility

Is PNC's price volatile compared to industry and market?
PNC volatility
PNC Beta0.58
Industry Beta0.92
Market Beta1

Stable Share Price: PNC is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: PNC's weekly volatility (10%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2002n/aKeith Johnhttps://www.pioneercredit.com.au

Pioneer Credit Limited, together with its subsidiaries, provides financial services in Australia. It acquires and services unsecured retail debt portfolios. Pioneer Credit Limited was incorporated in 2002 and is headquartered in Perth, Australia.

Pioneer Credit Fundamentals Summary

How do Pioneer Credit's earnings and revenue compare to its market cap?
PNC fundamental statistics
Market CapAU$34.99m
Earnings (TTM)-AU$19.65m
Revenue (TTM)AU$27.87m

1.3x

P/S Ratio

-1.8x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PNC income statement (TTM)
RevenueAU$27.87m
Cost of RevenueAU$6.01m
Gross ProfitAU$21.86m
ExpensesAU$41.51m
Earnings-AU$19.65m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.28
Gross Margin78.43%
Net Profit Margin-70.53%
Debt/Equity Ratio367.8%

How did PNC perform over the long term?

See historical performance and comparison

Valuation

Is Pioneer Credit undervalued compared to its fair value and its price relative to the market?

0.64x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate PNC's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate PNC's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: PNC is unprofitable, so we can't compare its PE Ratio to the Australian Diversified Financial industry average.

PE vs Market: PNC is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate PNC's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PNC is good value based on its PB Ratio (0.6x) compared to the AU Diversified Financial industry average (1.2x).


Future Growth

How is Pioneer Credit forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-20.2%

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 Pioneer Credit 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.


Past Performance

How has Pioneer Credit performed over the past 5 years?

-62.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PNC is currently unprofitable.

Growing Profit Margin: PNC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PNC is unprofitable, and losses have increased over the past 5 years at a rate of 62.6% per year.

Accelerating Growth: Unable to compare PNC's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: PNC is unprofitable, making it difficult to compare its past year earnings growth to the Diversified Financial industry (-19%).


Return on Equity

High ROE: PNC has a negative Return on Equity (-35.95%), as it is currently unprofitable.


Financial Health

How is Pioneer Credit's financial position?


Financial Position Analysis

Short Term Liabilities: PNC's short term assets (A$12.1M) exceed its short term liabilities (A$10.5M).

Long Term Liabilities: PNC's short term assets (A$12.1M) do not cover its long term liabilities (A$205.2M).


Debt to Equity History and Analysis

Debt Level: PNC's debt to equity ratio (367.8%) is considered high.

Reducing Debt: PNC's debt to equity ratio has increased from 80.9% to 367.8% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable PNC has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: PNC is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 7% per year.


Dividend

What is Pioneer Credit current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate PNC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate PNC's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if PNC's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PNC's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: PNC is not paying a notable dividend for the Australian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of PNC's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.7yrs

Average management tenure


CEO

Keith John

no data

Tenure

AU$4,168,468

Compensation

Mr. Keith Roy John is the Founder of Pioneer Credit Limited and serves as its Managing Director. Mr. John has many years experience in the receivables management industry. He has a long and distinguished c...


CEO Compensation Analysis

Compensation vs Market: Keith's total compensation ($USD3.12M) is above average for companies of similar size in the Australian market ($USD302.38K).

Compensation vs Earnings: Keith's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: PNC's management team is considered experienced (3.7 years average tenure).


Board Members

Experienced Board: PNC's board of directors are not considered experienced ( 0.8 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 12.6%.


Top Shareholders

Company Information

Pioneer Credit Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Pioneer Credit Limited
  • Ticker: PNC
  • Exchange: ASX
  • Founded: 2002
  • Industry: Specialized Finance
  • Sector: Diversified Financials
  • Market Cap: AU$34.986m
  • Shares outstanding: 71.40m
  • Website: https://www.pioneercredit.com.au

Number of Employees


Location

  • Pioneer Credit Limited
  • 108 St Georges Terrace
  • Level 6
  • Perth
  • Western Australia
  • 6000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/25 16:56
End of Day Share Price2021/10/25 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.