Australian Vintage
Market Cap
AU$178.2m
Last Updated
2020/11/26 07:32 UTC
Data Sources
Company Financials +
Executive Summary
Australian Vintage Ltd, together with its subsidiaries, produces, packages, markets, and distributes wine in Australia, the United Kingdom, Europe, Asia, North America, and internationally. More Details
Rewards
Risk Analysis
Snowflake Analysis
Very undervalued with flawless balance sheet.
Similar Companies
Share Price & News
How has Australian Vintage's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: AVG is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: AVG's weekly volatility (7%) has been stable over the past year.
Market Performance
7 Day Return
24.5%
AVG
2.2%
AU Beverage
2.4%
AU Market
1 Year Return
23.3%
AVG
-23.0%
AU Beverage
-0.6%
AU Market
Return vs Industry: AVG exceeded the Australian Beverage industry which returned -23% over the past year.
Return vs Market: AVG exceeded the Australian Market which returned -0.6% over the past year.
Shareholder returns
| AVG | Industry | Market | |
|---|---|---|---|
| 7 Day | 24.5% | 2.2% | 2.4% |
| 30 Day | 44.3% | 7.7% | 8.0% |
| 90 Day | 38.0% | 24.9% | 8.8% |
| 1 Year | 30.3%23.3% | -20.8%-23.0% | 2.7%-0.6% |
| 3 Year | 59.2%41.1% | 10.1%0.8% | 24.3%9.0% |
| 5 Year | 95.8%64.9% | 61.9%36.2% | 56.9%25.7% |
Long-Term Price Volatility Vs. Market
How volatile is Australian Vintage's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Australian Vintage undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: AVG (A$0.64) is trading below our estimate of fair value (A$2.04)
Significantly Below Fair Value: AVG is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: AVG is good value based on its PE Ratio (16.3x) compared to the XO Beverage industry average (27x).
PE vs Market: AVG is good value based on its PE Ratio (16.3x) compared to the Australian market (22.8x).
Price to Earnings Growth Ratio
PEG Ratio: AVG is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: AVG is good value based on its PB Ratio (0.6x) compared to the AU Beverage industry average (1.7x).
Next Steps
Future Growth
How is Australian Vintage forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
17.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AVG's forecast earnings growth (17.7% per year) is above the savings rate (2.3%).
Earnings vs Market: AVG's earnings (17.7% per year) are forecast to grow slower than the Australian market (17.8% per year).
High Growth Earnings: AVG's earnings are forecast to grow, but not significantly.
Revenue vs Market: AVG's revenue (5.7% per year) is forecast to grow faster than the Australian market (5.1% per year).
High Growth Revenue: AVG's revenue (5.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: AVG's Return on Equity is forecast to be low in 3 years time (6.2%).
Next Steps
Past Performance
How has Australian Vintage performed over the past 5 years?
27.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AVG has high quality earnings.
Growing Profit Margin: AVG's current net profit margins (4.1%) are higher than last year (3%).
Past Earnings Growth Analysis
Earnings Trend: AVG's earnings have grown significantly by 27.2% per year over the past 5 years.
Accelerating Growth: AVG's earnings growth over the past year (34.9%) exceeds its 5-year average (27.2% per year).
Earnings vs Industry: AVG earnings growth over the past year (34.9%) underperformed the Beverage industry 34.9%.
Return on Equity
High ROE: AVG's Return on Equity (3.6%) is considered low.
Next Steps
Financial Health
How is Australian Vintage's financial position?
Financial Position Analysis
Short Term Liabilities: AVG's short term assets (A$215.2M) exceed its short term liabilities (A$64.2M).
Long Term Liabilities: AVG's short term assets (A$215.2M) exceed its long term liabilities (A$126.8M).
Debt to Equity History and Analysis
Debt Level: AVG's debt to equity ratio (25.1%) is considered satisfactory.
Reducing Debt: AVG's debt to equity ratio has reduced from 35.7% to 25.1% over the past 5 years.
Debt Coverage: AVG's debt is well covered by operating cash flow (29.3%).
Interest Coverage: AVG's interest payments on its debt are well covered by EBIT (6.6x coverage).
Balance Sheet
Next Steps
Dividend
What is Australian Vintage current dividend yield, its reliability and sustainability?
4.25%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: AVG's dividend (4.25%) is higher than the bottom 25% of dividend payers in the Australian market (2.08%).
High Dividend: AVG's dividend (4.25%) is low compared to the top 25% of dividend payers in the Australian market (5.05%).
Stability and Growth of Payments
Stable Dividend: AVG has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: AVG's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (69.2%), AVG's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: AVG's dividends in 3 years are forecast to be covered by earnings (70% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.0yrs
Average management tenure
CEO
Craig Garvin (53 yo)
1
Tenure
AU$1,666,617
Compensation
Mr. Craig Anthony Garvin serves as Chief Executive Officer and Non-Independent Executive Director at Australian Vintage Ltd since November 21, 2019. He was the Chief Executive Officer of Parmalat Australia...
CEO Compensation Analysis
Compensation vs Market: Craig's total compensation ($USD1.23M) is above average for companies of similar size in the Australian market ($USD280.63K).
Compensation vs Earnings: Insufficient data to compare Craig's compensation with company performance.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Non-Independent Executive Director | 1yr | AU$1.67m | no data | |
| Chief Financial Officer | 18.83yrs | AU$791.81k | 0.11% A$ 203.5k | |
| Operations Director | 0.92yr | AU$769.85k | no data | |
| Technical Advisor | 1yr | AU$1.44m | 0.36% A$ 638.2k | |
| Chief Operating Officer of UK/Europe | no data | AU$698.75k | no data | |
| General Manager of Australia & New Zealand | 0.92yr | AU$611.52k | no data | |
| Chief Information Officer | 4.17yrs | no data | no data | |
| PR & Communications Officer | no data | no data | no data | |
| General Counsel & Company Secretary | 4.17yrs | no data | no data | |
| Marketing Director | no data | no data | no data | |
| People & Culture Director | no data | no data | no data |
1.0yrs
Average Tenure
Experienced Management: AVG's management team is not considered experienced ( 1 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Non-Independent Executive Director | 1yr | AU$1.67m | no data | |
| Independent Non-Executive Chairman | 5.42yrs | AU$120.00k | 0.039% A$ 69.9k | |
| Independent Non-Executive Director | 5.83yrs | AU$80.00k | 0.015% A$ 27.5k | |
| Independent Non-Executive Director | 3.67yrs | AU$80.00k | 0.043% A$ 77.0k | |
| Independent Non-Executive Director | 5.83yrs | AU$80.00k | 0.18% A$ 317.5k | |
| Non-Independent Non-Executive Director | 3.42yrs | AU$88.48k | 13.91% A$ 24.8m |
4.5yrs
Average Tenure
63.5yo
Average Age
Experienced Board: AVG's board of directors are considered experienced (4.5 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: AVG 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
Australian Vintage Ltd's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Australian Vintage Ltd
- Ticker: AVG
- Exchange: CHIA
- Founded: 1991
- Industry: Distillers and Vintners
- Sector: Food, Beverage & Tobacco
- Market Cap: AU$178.250m
- Shares outstanding: 280.71m
- Website: https://www.australianvintage.com.au
Location
- Australian Vintage Ltd
- 275 Sir Donald Bradman Drive
- Cowandilla
- South Australia
- 5033
- Australia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| AVG | ASX (Australian Securities Exchange) | Yes | Ordinary Shares | AU | AUD | Mar 1992 |
| AUVG.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Mar 1992 |
| MGE | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Mar 1992 |
| AVG | CHIA (Chi-X Australia) | Yes | Ordinary Shares | AU | AUD | Mar 1992 |
Biography
Australian Vintage Ltd, together with its subsidiaries, produces, packages, markets, and distributes wine in Australia, the United Kingdom, Europe, Asia, North America, and internationally. The company ope...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/26 07:32 |
| End of Day Share Price | 2020/11/25 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2020/06/30 |
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.