Spheria Emerging Companies
ASX:SEC
SEC
ASX
A$117M
Market Cap
Company description
Spheria Emerging Companies Limited operates as an investment company in Australia. The last earnings update was 95 days ago. More info.
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SEC Share Price and Events
7 Day Returns
-0.3%
ASX:SEC
0.5%
AU Capital Markets
1.2%
AU Market
1 Year Returns
-9.5%
ASX:SEC
6.7%
AU Capital Markets
4.7%
AU Market
SEC Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Spheria Emerging Companies (SEC) | -0.3% | 2.3% | 2.6% | -9.5% | - | - |
| AU Capital Markets | 0.5% | -6.8% | -1.5% | 6.7% | 66.2% | 104% |
| AU Market | 1.2% | -0.2% | 3.2% | 4.7% | 18.3% | 8.9% |
1 Year Return vs Industry and Market
- SEC underperformed the Capital Markets industry which returned 6.7% over the past year.
- SEC underperformed the Market in Australia which returned 4.7% over the past year.
SEC Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
- It is not possible to calculate the future cash flow value for Spheria Emerging Companies. This is due to cash flow or dividend data being unavailable. The share price is A$1.765.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Spheria Emerging Companies's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Spheria Emerging Companies's earnings available for a low price, and how does
this compare to other companies in the same industry?
Raw Data
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in AUD | A$-0.05 |
| ASX:SEC Share Price ** | ASX (2019-05-24) in AUD | A$1.77 |
| Australia Capital Markets Industry PE Ratio | Median Figure of 19 Publicly-Listed Capital Markets Companies | 15.8x |
| Australia Market PE Ratio | Median Figure of 542 Publicly-Listed Companies | 16.28x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Spheria Emerging Companies.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = ASX:SEC Share Price ÷ EPS (both in AUD) = 1.77 ÷ -0.05 |
-34.23x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Spheria Emerging Companies is loss making, we can't compare its value to the AU Capital Markets industry average.
- Spheria Emerging Companies is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does
Spheria Emerging Companies's expected growth come at a high price?
Raw Data
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | -34.23x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts |
38.6%per year |
| Australia Capital Markets Industry PEG Ratio | Median Figure of 9 Publicly-Listed Capital Markets Companies | 2.55x |
| Australia Market PEG Ratio | Median Figure of 359 Publicly-Listed Companies | 1.42x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to calculate PEG ratio for Spheria Emerging Companies, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Spheria Emerging Companies's
assets?
Raw Data
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in AUD | A$1.93 |
| ASX:SEC Share Price * | ASX (2019-05-24) in AUD | A$1.77 |
| Australia Capital Markets Industry PB Ratio | Median Figure of 33 Publicly-Listed Capital Markets Companies | 1.45x |
| Australia Market PB Ratio | Median Figure of 1,680 Publicly-Listed Companies | 1.66x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = ASX:SEC Share Price ÷ Book Value per Share (both in AUD) = 1.77 ÷ 1.93 |
0.92x |
* Primary Listing of Spheria Emerging Companies.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Spheria Emerging Companies is good value based on assets compared to the AU Capital Markets industry average.
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Value checks
We assess Spheria Emerging Companies's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check) Spheria Emerging Companies has a total score of 1/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
SEC Future Performance
- No analysts cover Spheria Emerging Companies, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
38.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is
Spheria Emerging Companies
expected to grow at an
attractive
rate?
- Spheria Emerging Companies's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
- Spheria Emerging Companies's earnings growth is expected to exceed the Australia market average.
- Unable to compare Spheria Emerging Companies's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
| Data Point | Source | Value (per year) |
|---|---|---|
| ASX:SEC Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts | 38.6% |
| Australia Capital Markets Industry Earnings Growth Rate | Market Cap Weighted Average | 6.9% |
| Australia Capital Markets Industry Revenue Growth Rate | Market Cap Weighted Average | 3.4% |
| Australia Market Earnings Growth Rate | Market Cap Weighted Average | 7% |
| Australia Market Revenue Growth Rate | Market Cap Weighted Average | 3.2% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
Raw Data
All numbers in AUD Millions and using
Trailing twelve months (TTM)
annual period rather than quarterly.
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (4 months ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| Date (Data in AUD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | -4 | -43 | -4 |
| 2018-06-30 | 14 | -134 | 9 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can
be gauged below. We look back 3 years and see if they were any good at
predicting what actually occurred. We also show the highest and lowest estimates
looking forward to see if there is a wide range.
Raw Data
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (4 months ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
All data from Spheria Emerging Companies Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in AUD Millions) | EPS * |
|---|---|
| 2018-12-31 | -0.05 |
| 2018-06-30 | 0.19 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if Spheria Emerging Companies will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
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Spheria Emerging Companies has a total score of 3/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Future performance checks
We assess Spheria Emerging Companies's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Spheria Emerging Companies has a total score of 3/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
SEC Past Performance
How has Spheria Emerging Companies performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Below we compare
Spheria Emerging Companies's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it
has maintained that growth in the year.
- Spheria Emerging Companies does not make a profit and there is insufficient past data to establish if their 5 year on year earnings growth rate was positive.
- Unable to compare Spheria Emerging Companies's 1-year earnings growth to the 5-year average as it is not currently profitable.
- Unable to compare Spheria Emerging Companies's 1-year growth to the AU Capital Markets industry average as it is not currently profitable.
Earnings and Revenue History
Spheria Emerging Companies's
revenue
and
profit
over the past 5 years is shown below, any years where they have experienced a
loss will show up in red.
Raw Data
All data from Spheria Emerging Companies Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in AUD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | -4.03 | -3.68 | 3.16 | |
| 2018-06-30 | 13.55 | 8.52 | 1.82 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- It is difficult to establish if Spheria Emerging Companies has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
- It is difficult to establish if Spheria Emerging Companies has efficiently used its assets last year compared to the AU Capital Markets industry average (Return on Assets) as it is loss-making.
- It is difficult to establish if Spheria Emerging Companies improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
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Spheria Emerging Companies has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Past performance checks
We assess Spheria Emerging Companies's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Spheria Emerging Companies has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
SEC Health
How is Spheria Emerging Companies's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Spheria Emerging Companies's finances.
The net worth of a company is the difference between its assets and liabilities.
- Spheria Emerging Companies is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Spheria Emerging Companies's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of
Spheria Emerging Companies's finances. If any of them are yellow this
indicates they may be out of proportion and red means they relate to one of the
checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
- Low level of unsold assets.
- Spheria Emerging Companies has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
- Spheria Emerging Companies has no debt.
- Spheria Emerging Companies has not taken on any debt in the past 5 years.
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.
- Information is not available.
- Unable to confirm if Spheria Emerging Companies has at least 1 year of cash runway based on growing free cash flows without relevant data.
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Full details on the Health part of the Simply Wall St company analysis model.
Financial health checks
We assess Spheria Emerging Companies's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Spheria Emerging Companies has a total score of 4/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
SEC Dividends
What is Spheria Emerging Companies's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
2.27%
Current annual income from
Spheria Emerging Companies
dividends.
If you bought
A$2,000 of
Spheria Emerging Companies
shares you are expected to receive
A$45
in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you
can get in a
savings account?
It is up there with the
best dividend paying companies?
- Spheria Emerging Companies's pays a lower dividend yield than the bottom 25% of dividend payers in Australia (2.59%).
- Spheria Emerging Companies's dividend is below the markets top 25% of dividend payers in Australia (5.64%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
Raw Data
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| Australia Capital Markets Industry Average Dividend Yield | Market Cap Weighted Average of 21 Stocks | 4.1% |
| Australia Market Average Dividend Yield | Market Cap Weighted Average of 414 Stocks | 4.2% |
| Australia Minimum Threshold Dividend Yield | 10th Percentile | 1.6% |
| Australia Bottom 25% Dividend Yield | 25th Percentile | 2.6% |
| Australia Top 25% Dividend Yield | 75th Percentile | 5.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in A$) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-02-19 | 0.040 | 2.306 |
| 2018-08-28 | 0.040 | 2.241 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- It is too early to tell whether Spheria Emerging Companies has stable dividend payments.
- Spheria Emerging Companies only just started paying a dividend, it is too early to tell if payments are increasing.
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Full details on the Dividends part of the Simply Wall St company analysis model.
Income/ dividend checks
We assess Spheria Emerging Companies's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Spheria Emerging Companies afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Spheria Emerging Companies has a total score of 0/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
SEC Management
Management is one of the most important areas of a company. We look at
unreasonable CEO compensation, how long the team and board of directors have
been around for and insider trading.
- Spheria Emerging Companies has no CEO, or we have no data on them.
Management Team
Calvin Kwok
TITLE
Company Secretary
TENURE
1.8 yrs
Board of Directors Tenure
Average tenure of the Spheria Emerging Companies board of directors in years:
1.7
Average Tenure
- The average tenure for the Spheria Emerging Companies board of directors is less than 3 years, this suggests a new board.
Board of Directors
Jonathan Alfred Trollip
TITLE
Independent Non-Executive Chairman
COMPENSATION
A$29K
Lorraine Berends
TITLE
Independent Non-Executive Director
COMPENSATION
A$22K
TENURE
1.7 yrs
Adrian Whittingham
TITLE
Non-Independent Director
TENURE
1.8 yrs
Alex Ihlenfeldt
TITLE
Non-Independent Alternate Director
TENURE
1.7 yrs
Who owns this company?
Recent Insider Trading
- More shares have been bought than sold by Spheria Emerging Companies insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (A$) | Value (A$) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 28. Feb 19 | Buy | Jonathan Alfred Trollip | Individual | 28. Feb 19 | 28. Feb 19 | 12,950 | A$1.73 | A$22,404 | ||
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Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
Management checks
We assess Spheria Emerging Companies's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Spheria Emerging Companies has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
SEC News
Simply Wall St News
Do Institutions Own Shares In Spheria Emerging Companies Limited (ASX:SEC)?
Insider Ownership Of Spheria Emerging Companies The definition of an insider can differ slightly between different countries, but members of the board of directors always count. … Our information suggests that Spheria Emerging Companies Limited insiders own under 1% of the company. … Private Company Ownership It seems that Private Companies own 3.3%, of the SEC stock.
Simply Wall St - – Full articleDid You Manage To Avoid Spheria Emerging Companies's 12% Share Price Drop?
That downside risk was realized by Spheria Emerging Companies Limited (ASX:SEC) shareholders over the last year, as the share price declined 12%. … We wouldn't rush to judgement on Spheria Emerging Companies because we don't have a long term history to look at. … During the last year Spheria Emerging Companies saw its earnings per share drop below zero.
Simply Wall St - – Full articleKnow This Before Buying Spheria Emerging Companies Limited (ASX:SEC) For Its Dividend
Recently, Spheria Emerging Companies Limited (ASX:SEC) has started paying dividends to shareholders. … Let's dig deeper into whether Spheria Emerging Companies should have a place in your portfolio. … See our latest analysis for Spheria Emerging Companies
Simply Wall St - – Full articleSEC Company Info
Description
Spheria Emerging Companies Limited operates as an investment company in Australia. It provides investors with access to Australian and New Zealand small and micro companies portfolio. The company was incorporated in 2017 and is based in Sydney, Australia.
Details
| Name: | Spheria Emerging Companies Limited |
| SEC | |
| Exchange: | ASX |
| Founded: | 2017 |
| A$117,085,768 | |
| 66,337,546 | |
| Website: | http://www.spheria.com.au/spheria-emerging-companies-limited |
| Address: |
Spheria Emerging Companies Limited 60 Margaret Street, Level 35, Sydney, New South Wales, 2000, Australia |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| ASX | SEC | Ordinary Shares | Australian Securities Exchange | AU | AUD | 07. Dec 2017 | |
| CHIA | SEC | Ordinary Shares | Chi-X Australia | AU | AUD | 07. Dec 2017 |
Number of employees
Current staff
0
Spheria Emerging Companies
employees.
Industry
| Asset Management and Custody Banks | |
| Diversified Financials |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/05/25 10:36 |
| End of day share price update: | 2019/05/24 00:00 |
| Last earnings filing: | 2019/02/19 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/06/30 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
