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TGP

360 Capital GroupASX:TGP Stock Report

Market Cap

AU$178.5m

7D

4.5%

1Y

-6.9%

Updated

18 Oct, 2021

Data

Company Financials
TGP fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance3/6
Financial Health6/6
Dividends2/6

TGP Overview

360 Capital Group is an ASX-listed, investment and funds management group, focused on strategic and active investment management of alternative assets.

360 Capital Group Competitors

Dexus

ASX:DXS

AU$11.4b

GPT Group

ASX:GPT

AU$9.7b

Charter Hall Group

ASX:CHC

AU$7.8b

Growthpoint Properties Australia

ASX:GOZ

AU$3.2b

Price History & Performance

Summary of all time highs, changes and price drops for 360 Capital Group
Historical stock prices
Current Share PriceAU$0.81
52 Week HighAU$0.75
52 Week LowAU$0.98
Beta0.34
1 Month Change0.62%
3 Month Change-8.43%
1 Year Change-6.86%
3 Year Change-15.54%
5 Year Change-10.44%
Change since IPO-73.96%

Recent News & Updates

Sep 28
360 Capital Group (ASX:TGP) Has Affirmed Its Dividend Of AU$0.015

360 Capital Group (ASX:TGP) Has Affirmed Its Dividend Of AU$0.015

360 Capital Group Limited ( ASX:TGP ) has announced that it will pay a dividend of AU$0.015 per share on the 27th of...

Shareholder Returns

TGPAU Capital MarketsAU Market
7D4.5%2.9%1.7%
1Y-6.9%22.7%20.3%

Return vs Industry: TGP underperformed the Australian Capital Markets industry which returned 21.7% over the past year.

Return vs Market: TGP underperformed the Australian Market which returned 20.2% over the past year.

Price Volatility

Is TGP's price volatile compared to industry and market?
TGP volatility
TGP Beta0.34
Industry Beta0.99
Market Beta1

Stable Share Price: TGP is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: TGP's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1997n/aTony Pitthttps://www.360capital.com.au

360 Capital Group is an ASX-listed, investment and funds management group, focused on strategic and active investment management of alternative assets. Led by a highly experienced team, the Group operates in Australian and global markets investing across real estate, public and private equity and credit strategies. We partner with our stakeholders to identify, invest and realise on opportunities.

360 Capital Group Fundamentals Summary

How do 360 Capital Group's earnings and revenue compare to its market cap?
TGP fundamental statistics
Market CapAU$178.48m
Earnings (TTM)AU$5.29m
Revenue (TTM)AU$31.81m

33.7x

P/E Ratio

5.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TGP income statement (TTM)
RevenueAU$31.81m
Cost of RevenueAU$6.61m
Gross ProfitAU$25.20m
ExpensesAU$19.91m
EarningsAU$5.29m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.024
Gross Margin79.22%
Net Profit Margin16.63%
Debt/Equity Ratio6.3%

How did TGP perform over the long term?

See historical performance and comparison

Dividends

7.4%

Current Dividend Yield

165%

Payout Ratio

Valuation

Is 360 Capital Group undervalued compared to its fair value and its price relative to the market?

33.75x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: TGP is poor value based on its PE Ratio (33.7x) compared to the Australian Capital Markets industry average (16.3x).

PE vs Market: TGP is poor value based on its PE Ratio (33.7x) compared to the Australian market (19.8x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: TGP is good value based on its PB Ratio (0.9x) compared to the AU Capital Markets industry average (1.4x).


Future Growth

How is 360 Capital Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

9.0%

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 360 Capital 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.


Past Performance

How has 360 Capital Group performed over the past 5 years?

-60.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TGP has a large one-off gain of A$4.2M impacting its June 30 2021 financial results.

Growing Profit Margin: TGP's current net profit margins (16.6%) are higher than last year (9.4%).


Past Earnings Growth Analysis

Earnings Trend: TGP's earnings have declined by 60.9% per year over the past 5 years.

Accelerating Growth: TGP's earnings growth over the past year (293.3%) exceeds its 5-year average (-60.9% per year).

Earnings vs Industry: TGP earnings growth over the past year (293.3%) exceeded the Capital Markets industry 12.8%.


Return on Equity

High ROE: TGP's Return on Equity (3%) is considered low.


Financial Health

How is 360 Capital Group's financial position?


Financial Position Analysis

Short Term Liabilities: TGP's short term assets (A$96.1M) exceed its short term liabilities (A$23.7M).

Long Term Liabilities: TGP's short term assets (A$96.1M) exceed its long term liabilities (A$27.7M).


Debt to Equity History and Analysis

Debt Level: TGP's debt to equity ratio (6.3%) is considered satisfactory.

Reducing Debt: TGP's debt to equity ratio has reduced from 89.5% to 6.3% over the past 5 years.

Debt Coverage: TGP's debt is well covered by operating cash flow (23.3%).

Interest Coverage: TGP's interest payments on its debt are well covered by EBIT (20.8x coverage).


Balance Sheet


Dividend

What is 360 Capital Group current dividend yield, its reliability and sustainability?

7.36%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: TGP's dividend (7.36%) is higher than the bottom 25% of dividend payers in the Australian market (2.27%).

High Dividend: TGP's dividend (7.36%) is in the top 25% of dividend payers in the Australian market (5.32%)


Stability and Growth of Payments

Stable Dividend: TGP has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: TGP's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (165.3%), TGP'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

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

1.8yrs

Average management tenure


CEO

Tony Pitt

8yrs

Tenure

AU$805,475

Compensation

Mr. Tony Robert Pitt served as Managing Director and Executive Director of 360 Capital REIT until 2021. He has been a Group Managing Director and Executive Director of 360 Capital Group since October 2, 20...


CEO Compensation Analysis

Compensation vs Market: Tony's total compensation ($USD597.84K) is above average for companies of similar size in the Australian market ($USD302.72K).

Compensation vs Earnings: Tony's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: TGP's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: TGP's board of directors are considered experienced (8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: TGP insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

360 Capital Group Limited's employee growth, exchange listings and data sources


Key Information

  • Name: 360 Capital Group Limited
  • Ticker: TGP
  • Exchange: ASX
  • Founded: 1997
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: AU$178.483m
  • Shares outstanding: 219.00m
  • Website: https://www.360capital.com.au

Location

  • 360 Capital Group Limited
  • 56 Pitt Street
  • Level 8
  • Sydney
  • New South Wales
  • 2000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/18 15:25
End of Day Share Price2021/10/18 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.