Executive Summary
Tubi Limited, together with its subsidiaries, manufactures and sells high density polyethylene (HDPE) pipes in Australia, the United States, and New Zealand.
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet and slightly overvalued.
Share Price & News
How has Tubi's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 2BE's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-16.7%
2BE
-0.6%
AU Oil and Gas
1.4%
AU Market
1 Year Return
n/a
2BE
-7.3%
AU Oil and Gas
16.1%
AU Market
Return vs Industry: Insufficient data to determine how 2BE performed against the Australian Oil and Gas industry.
Return vs Market: Insufficient data to determine how 2BE performed against the Australian Market.
Shareholder returns
| 2BE | Industry | Market | |
|---|---|---|---|
| 7 Day | -16.7% | -0.6% | 1.4% |
| 30 Day | -16.7% | -8.7% | 0.5% |
| 90 Day | -23.1% | -4.3% | 4.8% |
| 1 Year | n/a | -3.4%-7.3% | 21.2%16.1% |
| 3 Year | n/a | 11.2%-0.1% | 37.0%18.6% |
| 5 Year | n/a | 5.6%-13.2% | 51.7%17.8% |
Price Volatility Vs. Market
How volatile is Tubi's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall St
A Closer Look At Tubi Limited's (ASX:2BE) Uninspiring ROE1 month ago | Simply Wall St
Why We’re Not Impressed By Tubi Limited’s (ASX:2BE) 9.0% ROCE1 month ago | Simply Wall St
We're Not Counting On Tubi (ASX:2BE) To Sustain Its Statutory ProfitabilityValuation
Is Tubi undervalued compared to its fair value and its price relative to the market?
12.83x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate 2BE's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate 2BE's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: 2BE is poor value based on its PE Ratio (12.8x) compared to the Oil and Gas industry average (8.8x).
PE vs Market: 2BE is good value based on its PE Ratio (12.8x) compared to the Australian market (18.8x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 2BE's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 2BE is good value based on its PB Ratio (1.1x) compared to the AU Oil and Gas industry average (1.2x).
Next Steps
Future Growth
How is Tubi forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
11.2%
Forecasted Energy 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 Tubi 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
- Examine Tubi's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Tubi competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Energy industry.
Past Performance
How has Tubi performed over the past 5 years?
190.7%
Last years earnings growth
Earnings and Revenue History
Quality Earnings: 2BE has a high level of non-cash earnings.
Growing Profit Margin: 2BE's current net profit margins (4.7%) are higher than last year (3%).
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if 2BE's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: Insufficient data to compare 2BE's past year earnings growth to its 5-year average.
Earnings vs Industry: 2BE earnings growth over the past year (190.7%) exceeded the Oil and Gas industry 58.2%.
Return on Equity
High ROE: 2BE's Return on Equity (6.9%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Tubi's financial position?
Financial Position Analysis
Short Term Liabilities: 2BE's short term assets (A$12.8M) exceed its short term liabilities (A$6.6M).
Long Term Liabilities: 2BE's short term assets (A$12.8M) exceed its long term liabilities (A$2.0M).
Debt to Equity History and Analysis
Debt Level: 2BE is debt free.
Reducing Debt: 2BE had no debt 5 years ago.
Debt Coverage: 2BE has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 2BE has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: 2BE has a high level of physical assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if 2BE's debt is covered by short term assets.
Next Steps
Dividend
What is Tubi's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate 2BE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate 2BE's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if 2BE's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 2BE's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 2BE's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.1yrs
Average management tenure
CEO
Jeff Shorter (49yo)
0.8yrs
Tenure
AU$289,048
Compensation
Mr. Jeffrey Kenneth Shorter, B.Sc, M.B.A, has been Chief Executive Officer since December 4, 2018 & Director since April 29, 2019 at Tubi Limited and also serves as Managing Director. Mr. Shorter served as ...
CEO Compensation Analysis
Compensation vs Market: Jeff's total compensation ($USD194.21K) is about average for companies of similar size in the Australian market ($USD254.67K).
Compensation vs Earnings: Insufficient data to compare Jeff's compensation with company performance.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD, CEO & Director | 0.8yrs | AU$289.05k | no data | |
| Founder & Executive Director of Business Development | 10.5yrs | AU$350.22k | 14.7% A$4.3m | |
| CFO & Company Secretary | 0yrs | AU$288.15k | 0.64% A$186.4k | |
| Vice President of Sales & Business Development | 1.1yrs | no data | no data |
1.1yrs
Average Tenure
Experienced Management: 2BE's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD, CEO & Director | 0.8yrs | AU$289.05k | no data | |
| Founder & Executive Director of Business Development | 10.5yrs | AU$350.22k | 14.7% A$4.3m | |
| Non-Executive Independent Director | 0.8yrs | no data | 0.31% A$90.0k | |
| Non-Executive Chairman | 6.7yrs | no data | 21.34% A$6.2m | |
| Non-Executive Director | 6.7yrs | no data | no data | |
| Director | 0.2yrs | no data | no data |
3.9yrs
Average Tenure
65yo
Average Age
Experienced Board: 2BE's board of directors are considered experienced (3.9 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: 2BE only recently listed within the past 12 months, with total shares outstanding growing by 13.6% in the past year..
Top Shareholders
Company Information
Tubi Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Tubi Limited
- Ticker: 2BE
- Exchange: ASX
- Founded: 1972
- Industry: Oil and Gas Storage and Transportation
- Sector: Energy
- Market Cap: AU$29.177m
- Shares outstanding: 243.14m
- Website: https://www.tubigroup.com
Location
- Tubi Limited
- 2 Hopetoun Street
- Paddington
- New South Wales
- 2021
- Australia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 2BE | ASX (Australian Securities Exchange) | Yes | Ordinary Shares | AU | AUD | Jun 2019 |
| 2BE | CHIA (Chi-X Australia) | Yes | Ordinary Shares | AU | AUD | Jun 2019 |
Biography
Tubi Limited, together with its subsidiaries, manufactures and sells high density polyethylene (HDPE) pipes in Australia, the United States, and New Zealand. Its products include mobile modular extrusions, HDPEs, large bore reeling, stringing, HDPE 40bars, and corrugated pipes. The company’s products are used in irrigation, mining, shale gas and LNG, water infrastructure, pipe relining, and power sectors. Tubi Limited was founded in 1972 and is based in Paddington, Australia.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/17 10:50 |
| End of Day Share Price | 2020/02/17 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.