CHIA:PAC

Stock Analysis Report

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Executive Summary

Pacific Current Group Limited engages in multi-boutique asset management business worldwide. More Details


Snowflake Analysis

Flawless balance sheet average dividend payer.


Similar Companies

Share Price & News

How has Pacific Current Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PAC has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-5.9%

PAC

-4.7%

AU Capital Markets

-3.9%

AU Market


1 Year Return

-18.1%

PAC

-4.9%

AU Capital Markets

-9.6%

AU Market

Return vs Industry: PAC underperformed the Australian Capital Markets industry which returned -4.9% over the past year.

Return vs Market: PAC underperformed the Australian Market which returned -9.6% over the past year.


Shareholder returns

PACIndustryMarket
7 Day-5.9%-4.7%-3.9%
30 Day0.7%3.3%1.8%
90 Day3.9%0.8%1.7%
1 Year-13.1%-18.1%-1.4%-4.9%-6.4%-9.6%
3 Year-1.0%-13.4%26.7%10.9%12.3%-1.9%
5 Year-4.9%-22.6%59.8%26.7%40.0%11.3%

Price Volatility Vs. Market

How volatile is Pacific Current Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Pacific Current Group undervalued compared to its fair value and its price relative to the market?

43.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PAC (A$5.87) is trading below our estimate of fair value (A$10.41)

Significantly Below Fair Value: PAC is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: PAC is unprofitable, so we can't compare its PE Ratio to the AU Capital Markets industry average.

PE vs Market: PAC 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 PAC's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PAC is good value based on its PB Ratio (0.7x) compared to the AU Capital Markets industry average (1.2x).


Next Steps

Future Growth

How is Pacific Current Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

60.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PAC is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.3%).

Earnings vs Market: PAC is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: PAC's is expected to become profitable in the next 3 years.

Revenue vs Market: PAC's revenue is expected to decline over the next 3 years (-5.3% per year).

High Growth Revenue: PAC's revenue is forecast to decline over the next 3 years (-5.3% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PAC's Return on Equity is forecast to be low in 3 years time (8.1%).


Next Steps

Past Performance

How has Pacific Current Group performed over the past 5 years?

-2.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PAC is currently unprofitable.

Growing Profit Margin: PAC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PAC is unprofitable, and losses have increased over the past 5 years at a rate of 2.9% per year.

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

Earnings vs Industry: PAC is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (-7.9%).


Return on Equity

High ROE: PAC has a negative Return on Equity (-4.05%), as it is currently unprofitable.


Next Steps

Financial Health

How is Pacific Current Group's financial position?


Financial Position Analysis

Short Term Liabilities: PAC's short term assets (A$41.9M) exceed its short term liabilities (A$19.3M).

Long Term Liabilities: PAC's short term assets (A$41.9M) exceed its long term liabilities (A$17.9M).


Debt to Equity History and Analysis

Debt Level: PAC is debt free.

Reducing Debt: PAC had no debt 5 years ago.

Debt Coverage: PAC has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: PAC has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Pacific Current Group current dividend yield, its reliability and sustainability?

6.01%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: PAC's dividend (6.01%) is higher than the bottom 25% of dividend payers in the Australian market (2.23%).

High Dividend: PAC's dividend (6.01%) is in the top 25% of dividend payers in the Australian market (5.53%)


Stability and Growth of Payments

Stable Dividend: PAC's dividend payments have been volatile in the past 10 years.

Growing Dividend: PAC's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: PAC is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: PAC's dividends in 3 years are forecast to be covered by earnings (74.7% payout ratio).


Next Steps

Management

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

1.9yrs

Average management tenure


CEO

Paul Greenwood

2.25yrs

Tenure

AU$2,237,693

Compensation

Mr. Paul Richard Greenwood, BA, CFA has been Chief Executive Officer of Pacific Current Group Limited since July 1, 2018, serves as its Global Chief Investment Officer and Executive Director since December ...


CEO Compensation Analysis

Compensation vs Market: Paul's total compensation ($USD1.57M) is above average for companies of similar size in the Australian market ($USD519.52K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Antony Robinson
Non Executive Chairman of the Board2yrsAU$176.46k0.11%
A$ 324.7k
Paul Greenwood
MD, CEO2.25yrsAU$2.24m1.29%
A$ 3.8m
Ashley Killick
Interim Chief Financial Officer1.58yrsAU$526.50k0.020%
A$ 58.2k
Trent Erickson
Chief Operating Officer0.42yrno datano data
David Griswold
Chief Compliance Officer & General Counselno datano datano data
Jessica Rettig
Director of Marketing2.75yrsno datano data
Stephen Bramley
Managing Director of Business Developmentno datano datano data
Justin Kroll
Managing Director of Business Development2.58yrsno datano data
Aaron Jamieson
Managing Director of Business Development0.75yrno datano data
Maria Batoon
Financial Controller2.58yrsno datano data
Clare Craven
Company Secretary0.83yrno datano data

1.9yrs

Average Tenure

Experienced Management: PAC's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Antony Robinson
Non Executive Chairman of the Board2yrsAU$176.46k0.11%
A$ 324.7k
Paul Greenwood
MD, CEO2.25yrsAU$2.24m1.29%
A$ 3.8m
Peter Kennedy
Non Executive Director17.25yrsAU$140.00k0.54%
A$ 1.6m
Jeremiah Chafkin
Independent Non-Executive Director1.42yrsAU$110.00k0.13%
A$ 377.2k
Gilles Guérin
Independent Non Executive Director5.83yrsAU$110.00kno data
Melda Donnelly
Independent Non-Executive Director8.58yrsAU$110.00k0.039%
A$ 116.4k

5.8yrs

Average Tenure

62yo

Average Age

Experienced Board: PAC's board of directors are considered experienced (5.8 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: PAC 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 6.7%.


Top Shareholders

Company Information

Pacific Current Group Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Pacific Current Group Limited
  • Ticker: PAC
  • Exchange: CHIA
  • Founded:
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: AU$295.761m
  • Shares outstanding: 50.82m
  • Website: https://www.paccurrent.com

Number of Employees


Location

  • Pacific Current Group Limited
  • Level 29
  • 259 George Street
  • Sydney
  • New South Wales
  • 2000
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PACASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJan 1992
TSRU.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
PACCHIA (Chi-X Australia)YesOrdinary SharesAUAUDJan 1992

Biography

Pacific Current Group Limited engages in multi-boutique asset management business worldwide. It manages assets for institutional and individual clients. The company was formerly known as Treasury Group Ltd ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/31 10:47
End of Day Share Price2020/10/30 00:00
Earnings2020/06/30
Annual Earnings2020/06/30


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.