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Pacific Smiles Group

ASX:PSQ
Snowflake Description

Reasonable growth potential with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PSQ
ASX
A$182M
Market Cap
  1. Home
  2. AU
  3. Healthcare
Company description

Pacific Smiles Group Limited, together with its subsidiaries, owns and operates dental centers under the Pacific Smiles Dental and nib Dental Care brand names in Eastern Australia. The last earnings update was 27 days ago. More info.


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PSQ Share Price and Events
7 Day Returns
-6.1%
ASX:PSQ
1.6%
AU Healthcare
0.3%
AU Market
1 Year Returns
-29.9%
ASX:PSQ
-1%
AU Healthcare
2.2%
AU Market
PSQ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Pacific Smiles Group (PSQ) -6.1% -17.9% -10.9% -29.9% -35.4% -
AU Healthcare 1.6% 4.2% 14.1% -1% 0.8% 22.4%
AU Market 0.3% 1.7% 10.1% 2.2% 18.5% 5.5%
1 Year Return vs Industry and Market
  • PSQ underperformed the Healthcare industry which returned -1% over the past year.
  • PSQ underperformed the Market in Australia which returned 2.2% over the past year.
Price Volatility
PSQ
Industry
5yr Volatility vs Market

Value

 Is Pacific Smiles Group undervalued based on future cash flows and its price relative to the stock market?

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.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Pacific Smiles Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data    Our intrinsic value calculation method has changed recently, learn more here.

Below are the data sources, inputs and calculation used to determine the intrinsic value for Pacific Smiles Group.

ASX:PSQ Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.4%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ASX:PSQ
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Healthcare Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.735 (1 + (1- 30%) (8.77%))
0.852
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.85
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (0.852 * 5.96%)
7.39%

Discounted Cash Flow Calculation for ASX:PSQ using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Pacific Smiles Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

ASX:PSQ DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 7.39%)
2019 2.80 Analyst x1 2.61
2020 10.00 Analyst x1 8.67
2021 11.60 Analyst x1 9.37
2022 12.88 Est @ 11.07% 9.69
2023 13.97 Est @ 8.44% 9.78
2024 14.89 Est @ 6.6% 9.71
2025 15.69 Est @ 5.32% 9.52
2026 16.38 Est @ 4.42% 9.26
2027 17.00 Est @ 3.78% 8.95
2028 17.57 Est @ 3.34% 8.61
Present value of next 10 years cash flows A$86.16
ASX:PSQ DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= A$17.57 × (1 + 2.31%) ÷ (7.39% – 2.31%)
A$353.79
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$353.79 ÷ (1 + 7.39%)10
A$173.39
ASX:PSQ Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$86.16 + A$173.39
A$259.54
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$259.54 / 151.99
A$1.71
ASX:PSQ Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$1.71
Current discount Discount to share price of A$1.15
= -1 x (A$1.15 - A$1.71) / A$1.71
32.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Pacific Smiles Group is available for.
Intrinsic value
33%
Share price is A$1.15 vs Future cash flow value of A$1.71
Current Discount Checks
For Pacific Smiles Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Pacific Smiles Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Pacific Smiles Group's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 Pacific Smiles Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Pacific Smiles Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:PSQ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$0.05
ASX:PSQ Share Price ** ASX (2019-03-19) in AUD A$1.15
Australia Healthcare Industry PE Ratio Median Figure of 23 Publicly-Listed Healthcare Companies 18.59x
Australia Market PE Ratio Median Figure of 543 Publicly-Listed Companies 16.33x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Pacific Smiles Group.

ASX:PSQ PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:PSQ Share Price ÷ EPS (both in AUD)

= 1.15 ÷ 0.05

21.75x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Pacific Smiles Group is overvalued based on earnings compared to the AU Healthcare industry average.
  • Pacific Smiles Group is overvalued based on earnings compared to the Australia market.
Price based on expected Growth
Does Pacific Smiles Group's expected growth come at a high price?
Raw Data
ASX:PSQ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 21.75x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
10%per year
Australia Healthcare Industry PEG Ratio Median Figure of 17 Publicly-Listed Healthcare Companies 1.81x
Australia Market PEG Ratio Median Figure of 362 Publicly-Listed Companies 1.37x

*Line of best fit is calculated by linear regression .

ASX:PSQ PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 21.75x ÷ 10%

2.18x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Pacific Smiles Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Pacific Smiles Group's assets?
Raw Data
ASX:PSQ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$0.27
ASX:PSQ Share Price * ASX (2019-03-19) in AUD A$1.15
Australia Healthcare Industry PB Ratio Median Figure of 28 Publicly-Listed Healthcare Companies 1.47x
Australia Market PB Ratio Median Figure of 1,670 Publicly-Listed Companies 1.67x
ASX:PSQ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:PSQ Share Price ÷ Book Value per Share (both in AUD)

= 1.15 ÷ 0.27

4.34x

* Primary Listing of Pacific Smiles Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Pacific Smiles Group is overvalued based on assets compared to the AU Healthcare industry average.
X
Value checks
We assess Pacific Smiles Group's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Healthcare industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Healthcare industry average (and greater than 0)? (1 check)
  5. Pacific Smiles Group 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.

Future Performance

 How is Pacific Smiles Group expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

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!
Annual Growth Rate
10%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Pacific Smiles Group expected to grow at an attractive rate?
  • Pacific Smiles Group's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Pacific Smiles Group's earnings growth is expected to exceed the Australia market average.
  • Pacific Smiles Group's revenue growth is expected to exceed the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:PSQ Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:PSQ Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 10%
ASX:PSQ Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 10.4%
Australia Healthcare Industry Earnings Growth Rate Market Cap Weighted Average 9%
Australia Healthcare Industry Revenue Growth Rate Market Cap Weighted Average 6.2%
Australia Market Earnings Growth Rate Market Cap Weighted Average 6.4%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3%

*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
ASX:PSQ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:PSQ Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-06-30 146 24 10 3
2020-06-30 133 22 9 3
2019-06-30 119 19 8 3
ASX:PSQ Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 114 16 8
2018-09-30 109 17 7
2018-06-30 105 17 7
2018-03-31 100 17 7
2017-12-31 96 16 7
2017-09-30 94 17 9
2017-06-30 91 17 10
2017-03-31 89 17 10
2016-12-31 87 17 10
2016-09-30 85 15 10
2016-06-30 83 13 10
2016-03-31 81 13 10

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Pacific Smiles Group's earnings are expected to grow by 10% yearly, however this is not considered high growth (20% yearly).
  • Pacific Smiles Group's revenue is expected to grow by 10.4% yearly, however this is not considered high growth (20% yearly).
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
ASX:PSQ Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Pacific Smiles Group Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:PSQ Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-06-30 0.07 0.08 0.06 2.00
2020-06-30 0.06 0.07 0.05 2.00
2019-06-30 0.05 0.06 0.05 2.00
ASX:PSQ Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 0.05
2018-09-30 0.05
2018-06-30 0.04
2018-03-31 0.05
2017-12-31 0.05
2017-09-30 0.06
2017-06-30 0.07
2017-03-31 0.07
2016-12-31 0.07
2016-09-30 0.07
2016-06-30 0.07
2016-03-31 0.06

*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.
  • Pacific Smiles Group is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Pacific Smiles Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Pacific Smiles Group has a total score of 4/6, 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.

Past Performance

  How has Pacific Smiles Group 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 Pacific Smiles Group's growth in the last year to its industry (Healthcare).
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.
  • Pacific Smiles Group's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Pacific Smiles Group's 1-year earnings growth exceeds its 5-year average (8.8% vs -0.8%)
  • Pacific Smiles Group's earnings growth has exceeded the AU Healthcare industry average in the past year (8.8% vs -2.2%).
Earnings and Revenue History
Pacific Smiles Group'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 Pacific Smiles Group Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:PSQ Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 113.84 8.04 84.35
2018-09-30 109.19 7.32 81.13
2018-06-30 104.53 6.60 77.91
2018-03-31 100.45 7.00 74.51
2017-12-31 96.38 7.39 71.10
2017-09-30 93.93 8.71 68.82
2017-06-30 91.47 10.04 66.54
2017-03-31 89.37 10.22 64.94
2016-12-31 87.27 10.39 63.34
2016-09-30 85.30 10.15 62.11
2016-06-30 83.34 9.90 60.88
2016-03-31 81.14 9.76 59.32
2015-12-31 78.95 9.62 57.76
2015-09-30 76.92 8.99 55.97
2015-06-30 74.90 8.36 54.18
2015-03-31 71.36 7.74 51.41
2014-12-31 67.82 7.12 48.64
2014-09-30 63.45 7.44 45.02
2014-06-30 59.08 7.75 41.41
2013-06-30 60.07 6.14 42.39
2012-06-30 55.64 4.58 39.11

*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.
  • Pacific Smiles Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Pacific Smiles Group used its assets more efficiently than the AU Healthcare industry average last year based on Return on Assets.
  • Pacific Smiles Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Pacific Smiles Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Healthcare industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Pacific Smiles Group has a total score of 3/6, 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.

Health

 How is Pacific Smiles Group'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 Pacific Smiles Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Pacific Smiles Group's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Pacific Smiles Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Pacific Smiles Group'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.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.8x debt.
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.
Raw Data

All data from Pacific Smiles Group Company Filings, last reported 2 months ago.

ASX:PSQ Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 40.31 16.00 5.98
2018-09-30 40.31 16.00 5.98
2018-06-30 41.88 12.00 6.68
2018-03-31 41.88 12.00 6.68
2017-12-31 41.53 9.50 6.64
2017-09-30 41.53 9.50 6.64
2017-06-30 44.29 5.00 5.88
2017-03-31 44.29 5.00 5.88
2016-12-31 43.11 0.02 5.28
2016-09-30 43.11 0.02 5.28
2016-06-30 42.97 0.15 6.10
2016-03-31 42.97 0.15 6.10
2015-12-31 40.91 0.27 9.42
2015-09-30 40.91 0.27 9.42
2015-06-30 41.01 0.39 15.56
2015-03-31 41.01 0.39 15.56
2014-12-31 38.77 0.51 12.97
2014-09-30 38.77 0.51 12.97
2014-06-30 18.84 9.62 3.77
2013-06-30 24.84 3.97 9.77
2012-06-30 19.43 6.92 4.65
  • Pacific Smiles Group's level of debt (39.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (31.4% vs 39.7% today).
  • Debt is well covered by operating cash flow (103.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 17.5x coverage).
X
Financial health checks
We assess Pacific Smiles Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Pacific Smiles Group has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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.

Dividends

 What is Pacific Smiles Group'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
Dividend payments
5.3%
Current annual income from Pacific Smiles Group dividends. Estimated to be 5.44% next year.
If you bought A$2,000 of Pacific Smiles Group shares you are expected to receive A$106 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?
  • Pacific Smiles Group's pays a higher dividend yield than the bottom 25% of dividend payers in Australia (2.59%).
  • Pacific Smiles Group's dividend is below the markets top 25% of dividend payers in Australia (5.72%).
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
ASX:PSQ Annualized Past and Future Dividends
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 3 Analyst Estimates (S&P Global) See Below
Australia Healthcare Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 3.1%
Australia Market Average Dividend Yield Market Cap Weighted Average of 418 Stocks 4.4%
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 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ASX:PSQ Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2021-06-30 0.07 3.00
2020-06-30 0.06 3.00
2019-06-30 0.06 3.00
ASX:PSQ Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2019-02-20 0.061 4.890
2018-08-22 0.061 4.390
2018-02-20 0.060 3.658
2017-08-17 0.059 3.284
2016-08-18 0.055 2.709
2015-08-20 0.050 2.417
2015-02-19 0.033 1.429
2014-11-21 0.040 2.188

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Pacific Smiles Group has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Pacific Smiles Group only paid a dividend in the past 4 years.
Current Payout to shareholders
What portion of Pacific Smiles Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (1.1x coverage).
X
Income/ dividend checks
We assess Pacific Smiles Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Pacific Smiles Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Pacific Smiles Group has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Pacific Smiles Group's salary, the management and board of directors tenure and is there insider trading?

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.
CEO
Phil McKenzie
TENURE AS CEO 0.4 years
CEO Bio

Mr. Philip McKenzie, also known as Phil, has been Managing Director, Chief Executive and Director at Pacific Smiles Group Limited since October 29, 2018. He is Chief Executive Officer of Audiology Management Group (AMG), a leading audiology services business with a network of more than 200 clinic locations in the USA. Prior to his role as CEO of AMG, Mr. McKenzie was CEO of Widex Australia, New Zealand, Singapore, Hong Kong and India retail where he successfully turned around and grew those operations. Mr. McKenzie has also held leadership positions at: Apple Retail (Australian Market Director and a driver of Apple’s retail entry into the Australian market – 2008 to 2011), and Luxottica (Australian National Operations Manager – 2005 to 2007). Mr. McKenzie holds a Bachelor of Business from Auckland University of Technology.

CEO Compensation
  • Insufficient data for Phil to compare compensation growth.
  • Insufficient data for Phil to establish whether their remuneration is reasonable compared to companies of similar size in Australia.
Management Team Tenure

Average tenure of the Pacific Smiles Group management team in years:

2
Average Tenure
  • The average tenure for the Pacific Smiles Group management team is less than 2 years, this suggests a new team.
Management Team

Alison Hughes

TITLE
Co-Founder
COMPENSATION
A$227K
TENURE
3.5 yrs

Allanna Ryan

TITLE
Chief Financial Officer
COMPENSATION
A$294K
TENURE
2 yrs

Paul Robertson

TITLE
Chief Operating Officer
COMPENSATION
A$320K

Emma McKenny

TITLE
Executive Manager of People & Culture
COMPENSATION
A$224K
TENURE
3.8 yrs

Phil McKenzie

TITLE
Chief Executive
TENURE
0.4 yrs

Mark Licciardo

TITLE
Joint Company Secretary
AGE
54
TENURE
1.9 yrs

Belinda Cleminson

TITLE
Joint Company Secretary
TENURE
1.9 yrs
Board of Directors Tenure

Average tenure and age of the Pacific Smiles Group board of directors in years:

7.2
Average Tenure
53
Average Age
  • The tenure for the Pacific Smiles Group board of directors is about average.
Board of Directors

Bob Cameron

TITLE
Non-Executive Chairman
COMPENSATION
A$120K
AGE
68
TENURE
16.2 yrs

Phil McKenzie

TITLE
Chief Executive
TENURE
0.4 yrs

Simon Rutherford

TITLE
Independent Non Executive Director
COMPENSATION
A$70K
TENURE
16.2 yrs

Ben Gisz

TITLE
Non-Executive Director
COMPENSATION
A$70K
AGE
41
TENURE
7.2 yrs

Alex Abrahams

TITLE
Non Executive Director
COMPENSATION
A$71K
TENURE
17.2 yrs

Zita Peach

TITLE
Non-Executive Director
COMPENSATION
A$60K
AGE
53
TENURE
1.6 yrs

Hilton Brett

TITLE
Non Executive Director
TENURE
1.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
07. Mar 19 Buy Australian Ethical Investment Ltd Company 19. Jan 17 06. Mar 19 9,032,599 A$1.68 A$15,152,825
05. Dec 18 Buy Zita Peach Individual 28. Nov 18 29. Nov 18 7,185 A$1.37 A$9,830
04. Dec 18 Buy TDM Growth Partners Company 03. Dec 18 03. Dec 18 1,192,240 A$1.35 A$1,609,525
04. Dec 18 Buy Hilton Brett Individual 03. Dec 18 03. Dec 18 16,438 A$1.35 A$22,191
23. Nov 18 Buy Alexander Abrahams Individual 16. Nov 18 21. Nov 18 154,000 A$1.39 A$208,820
14. Nov 18 Sell Just Paddling Pty Ltd Company 07. Nov 18 07. Nov 18 -40,000 A$1.40 A$-56,000
14. Nov 18 Buy Alexander Abrahams Individual 07. Nov 18 07. Nov 18 40,000 A$1.40 A$56,000
21. Sep 18 Buy TDM Growth Partners Company 14. Sep 18 14. Sep 18 194,518 A$1.45 A$282,051
21. Sep 18 Buy Hilton Brett Individual 14. Sep 18 14. Sep 18 15,265 A$1.45 A$22,134
14. Sep 18 Buy Hilton Brett Individual 13. Sep 18 13. Sep 18 146,155 A$1.44 A$210,463
14. Sep 18 Buy TDM Growth Partners Company 13. Sep 18 13. Sep 18 5,664,267 A$1.45 A$8,213,184
X
Management checks
We assess Pacific Smiles Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Pacific Smiles Group 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.

News

Simply Wall St News

Is Pacific Smiles Group Limited (ASX:PSQ) A Cash Cow?

Pacific Smiles Group Limited (ASX:PSQ) shareholders, and potential investors, need to understand how much cash the business makes from its core operational activities, as well as how much is invested back into the business. … I will take you through Pacific Smiles Group’s cash flow health and the risk-return concept based on the stock’s cash flow yield, using the most recent financial data. … Pacific Smiles Group’s free cash flow (FCF) is the level of cash flow the business generates from its operational activities, after it reinvests in the company as capital expenditure.

Simply Wall St -

Imagine Owning Pacific Smiles Group And Wondering If The 33% Share Price Slide Is Justified

Unfortunately, that's been the case for longer term Pacific Smiles Group Limited (ASX:PSQ) shareholders, since the share price is down 33% in the last three years, falling well short of the market return of around 49%. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … Pacific Smiles Group saw its EPS decline at a compound rate of 2.9% per year, over the last three years.

Simply Wall St -

Can Pacific Smiles Group Limited's (ASX:PSQ) ROE Continue To Surpass The Industry Average?

Our data shows Pacific Smiles Group has a return on equity of 16% for the last year. … Another way to think of that is that for every A$1 worth of equity in the company, it was able to earn A$0.16. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Know This Before Buying Pacific Smiles Group Limited (ASX:PSQ) For Its Dividend

In the last few years Pacific Smiles Group Limited (ASX:PSQ) has paid a dividend to shareholders. … Does Pacific Smiles Group tick all the boxes of a great dividend stock? … See our latest analysis for Pacific Smiles Group?

Simply Wall St -

Here's What Pacific Smiles Group Limited's (ASX:PSQ) P/E Is Telling Us

To keep it practical, we'll show how Pacific Smiles Group Limited's (ASX:PSQ) P/E ratio could help you assess the value on offer. … Pacific Smiles Group has a price to earnings ratio of 31.3, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Does Pacific Smiles Group Limited's (ASX:PSQ) Stock Price Account For Its Growth?

Pacific Smiles Group Limited (ASX:PSQ) closed yesterday at A$1.295, which left some investors asking whether the high earnings potential can still be justified at this price. … View our latest analysis for Pacific Smiles Group? … Pacific Smiles Group's extremely high growth potential in the near future is attracting investors

Simply Wall St -

How Much Are Pacific Smiles Group Limited (ASX:PSQ) Insiders Spending On Buying Shares?

So we'll take a look at whether insiders have been buying or selling shares in Pacific Smiles Group Limited (ASX:PSQ). … Pacific Smiles Group Insider Transactions Over The Last Year. … In total, Pacific Smiles Group insiders bought more than they sold over the last year

Simply Wall St -

What Are Analysts Saying About The Future Of Pacific Smiles Group Limited's (ASX:PSQ)?

Looking at Pacific Smiles Group Limited's (ASX:PSQ) earnings update in June 2018, … analyst consensus outlook appear vastly optimistic, … with profits predicted to ramp up by an impressive 51% next year,

Simply Wall St -

Are Pacific Smiles Group Limited's (ASX:PSQ) Interest Costs Too High?

Pacific Smiles Group Limited (ASX:PSQ) is a small-cap stock with a market capitalization of AU$201m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … So, understanding the company's financial health becomes

Simply Wall St -

What Do Analysts Think About Pacific Smiles Group Limited's (ASX:PSQ) Earnings Outlook?

Pacific Smiles Group Limited's (ASX:PSQ) released its most recent earnings update in June 2018, whicha

Simply Wall St -

Company Info

Description

Pacific Smiles Group Limited, together with its subsidiaries, owns and operates dental centers under the Pacific Smiles Dental and nib Dental Care brand names in Eastern Australia. The company provides general dentistry services, including check-ups, teeth cleaning, fillings, and extractions; dental treatments, such as crowns, bridges, fillings, and extractions; advanced dentistry comprising dental implants; and specialist dentistry, such as orthodontics, prosthodontics, endodontics, and periodontics, as well as other treatments under general anaesthetic and intravenous sedation. It operates 70 Pacific Smiles Dental and 10 nib Dental Care centers in Queensland, New South Wales, Victoria, and the Australian Capital Territory. Pacific Smiles Group Limited was incorporated in 2002 and is headquartered in Greenhills, Australia.

Details
Name: Pacific Smiles Group Limited
PSQ
Exchange: ASX
Founded: 2002
A$182,392,074
151,993,395
Website: http://www.pacificsmilesgroup.com.au
Address: Pacific Smiles Group Limited
6 Molly Morgan Drive,
Level 1,
Greenhills,
New South Wales, 2323,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX PSQ Ordinary Shares Australian Securities Exchange AU AUD 21. Nov 2014
CHIA PSQ Ordinary Shares Chi-X Australia AU AUD 21. Nov 2014
Number of employees
Current staff
Staff numbers
0
Pacific Smiles Group employees.
Industry
Health Care Facilities
Healthcare
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/19 10:34
End of day share price update: 2019/03/19 00:00
Last estimates confirmation: 2019/03/19
Last earnings filing: 2019/02/20
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.