Spheria Emerging Companies
Market Cap
AU$115.5m
Last Updated
2019/12/09 10:40 UTC
Data Sources
Company Financials
Executive Summary
Spheria Emerging Companies Limited operates as an investment company in Australia.
Risk Analysis
+ 2 more risks
Snowflake Analysis
Overvalued with poor track record.
Share Price & News
How has Spheria Emerging Companies's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SEC has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-0.6%
SEC
-2.1%
AU Capital Markets
-1.8%
AU Market
1 Year Return
-1.1%
SEC
23.5%
AU Capital Markets
20.0%
AU Market
Return vs Industry: SEC underperformed the Australian Capital Markets industry which returned 23.5% over the past year.
Return vs Market: SEC underperformed the Australian Market which returned 20% over the past year.
Shareholder returns
| SEC | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.6% | -2.1% | -1.8% |
| 30 Day | 2.0% | -1.8% | -0.3% |
| 90 Day | 5.6% | 2.9% | 1.1% |
| 1 Year | 2.4%-1.1% | 29.1%23.5% | 25.9%20.0% |
| 3 Year | n/a | 81.5%58.0% | 36.0%17.4% |
| 5 Year | n/a | 194.6%132.0% | 62.5%25.9% |
Price Volatility Vs. Market
How volatile is Spheria Emerging Companies's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
Are Dividend Investors Getting More Than They Bargained For With Spheria Emerging Companies Limited's (ASX:SEC) Dividend?3 months ago | Simply Wall St
Why It Might Not Make Sense To Buy Spheria Emerging Companies Limited (ASX:SEC) For Its Upcoming Dividend3 months ago | Simply Wall St
How Many Spheria Emerging Companies Limited (ASX:SEC) Shares Do Institutions Own?Valuation
Is Spheria Emerging Companies undervalued compared to its fair value and its price relative to the market?
36.58x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: SEC (A$1.78) is trading above our estimate of fair value (A$0.57)
Significantly Below Fair Value: SEC is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: SEC is poor value based on its PE Ratio (36.6x) compared to the Capital Markets industry average (22.3x).
PE vs Market: SEC is poor value based on its PE Ratio (36.6x) compared to the Australian market (18.4x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate SEC's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: SEC is good value based on its PB Ratio (0.8x) compared to the AU Capital Markets industry average (1.9x).
Next Steps
Future Growth
How is Spheria Emerging Companies forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
6.5%
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 Spheria Emerging Companies 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
- Take a look at our analysis of SEC’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- Spheria Emerging Companies 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 Spheria Emerging Companies performed over the past 5 years?
-62.1%
Last years earnings growth
Earnings and Revenue History
Quality Earnings: SEC has high quality earnings.
Growing Profit Margin: SEC's current net profit margins (62.4%) are lower than last year (62.9%).
Past Earnings Growth Analysis
Earnings Trend: Unable to establish if SEC's year-on-year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.
Accelerating Growth: Unable to compare SEC's past year earnings growth to its 5-year average as it has been trading publicly for less than 3 years.
Earnings vs Industry: SEC had negative earnings growth (-62.1%) over the past year, making it difficult to compare to the Capital Markets industry average (3.3%).
Return on Equity
High ROE: SEC's Return on Equity (2.3%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Spheria Emerging Companies's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: SEC has a low level of unsold assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if SEC's debt is covered by short term assets.
Financial Institutions Analysis
Asset Level: SEC's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if SEC has a sufficient allowance for bad loans.
Low Risk Liabilities: SEC reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if SEC has an acceptable proportion of non-loan assets held.
Low Risk Deposits: SEC has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if SEC has an appropriate level of bad loans.
Next Steps
Dividend
What is Spheria Emerging Companies's current dividend yield, its reliability and sustainability?
4.49%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: SEC's dividend (4.49%) is higher than the bottom 25% of dividend payers in the Australian market (2.44%).
High Dividend: SEC's dividend (4.49%) is low compared to the top 25% of dividend payers in the Australian market (5.57%).
Stability and Growth of Payments
Stable Dividend: Too early to tell whether SEC's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if SEC's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (123.3%), SEC's dividend payments are not 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
What is the CEO of Spheria Emerging Companies's salary, the management and board of directors tenure and is there insider trading?
2.3yrs
Average board tenure
CEO
Spheria Emerging Companies has no CEO, or we have no data on them.
Board Age and Tenure
2.3yrs
Average Tenure
Experienced Board: SEC's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Chairman of the Board Independent Non-Executive Chairman |
| Shares | 14,350 |
| Max Price | AU$1.73 |
| Entity | Individual |
| Role | Chairman of the Board Independent Non-Executive Chairman |
| Shares | 12,950 |
| Max Price | AU$1.73 |
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 46.9%.
Management Team
Calvin Kwok
Company Secretary
- Tenure: 2.3yrs
Board Members
Adrian Whittingham
Non-Independent Director
- Tenure: 2.3yrs
Alex Ihlenfeldt
Non-Independent Alternate Director
- Tenure: 2.3yrs
Lorraine Berends
Independent Non-Executive Director
- Tenure: 2.3yrs
- Compensation: AU$30.00k
Jonathan Alfred Trollip (61yo)
Independent Non-Executive Chairman
- Tenure: 0yrs
- Compensation: AU$40.00k
Company Information
Spheria Emerging Companies Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Spheria Emerging Companies Limited
- Ticker: SEC
- Exchange: ASX
- Founded: 2017
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: AU$115.520m
- Shares outstanding: 64.54m
- Website: https://www.spheria.com.au/spheria-emerging-companies-limited
Location
- Spheria Emerging Companies Limited
- 60 Margaret Street
- Level 35
- Sydney
- New South Wales
- 2000
- Australia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SEC | ASX (Australian Securities Exchange) | Yes | Ordinary Shares | AU | AUD | Dec 2017 |
| SEC | CHIA (Chi-X Australia) | Yes | Ordinary Shares | AU | AUD | Dec 2017 |
Biography
Spheria Emerging Companies Limited operates as an investment company in Australia. It provides investors with access to a portfolio of Australian and New Zealand small and micro companies. The company was ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/09 10:40 |
| End of Day Share Price | 2019/12/08 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2019/06/30 |
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.