Pioneer Credit Limited, together with its subsidiaries, provides financial services in Australia. More Details
Fair value with imperfect balance sheet.
Share Price & News
How has Pioneer Credit's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PNC's share price has been volatile over the past 3 months.
7 Day Return
AU Diversified Financial
1 Year Return
AU Diversified Financial
Return vs Industry: Insufficient data to determine how PNC performed against the Australian Diversified Financial industry.
Return vs Market: Insufficient data to determine how PNC performed against the Australian Market.
Price Volatility Vs. Market
How volatile is Pioneer Credit's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 year ago | Simply Wall StHere's How P/E Ratios Can Help Us Understand Pioneer Credit Limited (ASX:PNC)
1 year ago | Simply Wall StHere's How We Evaluate Pioneer Credit Limited's (ASX:PNC) Dividend
1 year ago | Simply Wall StDoes Pioneer Credit Limited's (ASX:PNC) July Stock Price Reflect Its Future Growth?
Is Pioneer Credit undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PNC (A$0.42) is trading below our estimate of fair value (A$1.17)
Significantly Below Fair Value: PNC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PNC is unprofitable, so we can't compare its PE Ratio to the AU 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 (0.4x) compared to the AU Diversified Financial industry average (1.2x).
How is Pioneer Credit forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
- Examine whether Pioneer Credit 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.
- Pioneer Credit competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Diversified Financials industry.
How has Pioneer Credit performed over the past 5 years?
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 39.4% 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 (-3.5%).
Return on Equity
High ROE: PNC has a negative Return on Equity (-62.67%), as it is currently unprofitable.
How is Pioneer Credit's financial position?
Financial Position Analysis
Short Term Liabilities: PNC's short term assets (A$14.7M) do not cover its short term liabilities (A$216.3M).
Long Term Liabilities: PNC's short term assets (A$14.7M) exceed its long term liabilities (A$6.6M).
Debt to Equity History and Analysis
Debt Level: PNC's debt to equity ratio (322.5%) is considered high.
Reducing Debt: PNC's debt to equity ratio has increased from 62.8% to 322.5% over the past 5 years.
Debt Coverage: PNC's debt is well covered by operating cash flow (28.1%).
Interest Coverage: Insufficient data to determine if PNC's interest payments on its debt are well covered by EBIT.
What is Pioneer Credit current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate PNC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate PNC's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if PNC's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if PNC's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: PNC is not paying a notable dividend for the Australian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of PNC's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Keith Roy John is the Founder of Pioneer Credit Limited and serves as its Managing Director. Mr. John has many years experience in the receivables management industry. He has a long and distinguished c ...
CEO Compensation Analysis
Compensation vs Market: Keith's total compensation ($USD1.05M) is above average for companies of similar size in the Australian market ($USD277.02K).
Compensation vs Earnings: Keith's compensation has increased whilst the company is unprofitable.
|Founder||no data||AU$1.48m||no data|
|Chief Financial Officer||0.42yr||AU$199.31k||no data|
|Chief Operating Officer||0.33yr||AU$363.26k||no data|
|General Counsel & Company Secretary||5yrs||AU$387.77k||0.54% |
|Chief Development Officer||0.33yr||AU$263.04k||0.22% |
|Senior Manager of Compliance||11.33yrs||no data||no data|
|Group Financial Controller||7.08yrs||no data||no data|
Experienced Management: PNC's management team is considered experienced (2.7 years average tenure).
|Founder||no data||AU$1.48m||no data|
|Independent Non-Executive Chairman||6.67yrs||AU$175.20k||1.33% |
|Independent Non-Executive Director||3.92yrs||AU$130.98k||0.15% |
|Independent Non-Executive Director||2.67yrs||AU$109.50k||0.024% |
Experienced Board: PNC's board of directors are considered experienced (3.9 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: PNC insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Pioneer Credit Limited's company bio, employee growth, exchange listings and data sources
- Name: Pioneer Credit Limited
- Ticker: PNC
- Exchange: ASX
- Founded: 2002
- Industry: Specialized Finance
- Sector: Diversified Financials
- Market Cap: AU$26.310m
- Shares outstanding: 63.40m
- Website: https://www.pioneercredit.com.au
Number of Employees
- Pioneer Credit Limited
- 108 St Georges Terrace
- Level 6
- Western Australia
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|PNC||ASX (Australian Securities Exchange)||Yes||Ordinary Shares||AU||AUD||May 2014|
|PNC||CHIA (Chi-X Australia)||Yes||Ordinary Shares||AU||AUD||May 2014|
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 ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/10/20 10:32|
|End of Day Share Price||2020/10/20 00:00|
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.