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Pacific Smiles Group ASX:PSQ Stock Report

Last Price


Market Cap







24 Sep, 2022


Company Financials +
PSQ fundamental analysis
Snowflake Score
Future Growth5/6
Past Performance0/6
Financial Health2/6

PSQ Stock Overview

Pacific Smiles Group Limited, together with its subsidiaries, owns and operates dental centers under the Pacific Smiles Dental Centres and nib Dental Care Centres names in Eastern Australia.

Pacific Smiles Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Pacific Smiles Group
Historical stock prices
Current Share PriceAU$1.43
52 Week HighAU$3.08
52 Week LowAU$1.39
1 Month Change-1.72%
3 Month Change-21.43%
1 Year Change-44.79%
3 Year Change-9.49%
5 Year Change-23.12%
Change since IPO-19.66%

Recent News & Updates

Shareholder Returns

PSQAU HealthcareAU Market

Return vs Industry: PSQ underperformed the Australian Healthcare industry which returned -20.7% over the past year.

Return vs Market: PSQ underperformed the Australian Market which returned -11% over the past year.

Price Volatility

Is PSQ's price volatile compared to industry and market?
PSQ volatility
PSQ Average Weekly Movement4.8%
Healthcare Industry Average Movement5.2%
Market Average Movement9.6%
10% most volatile stocks in AU Market16.9%
10% least volatile stocks in AU Market4.3%

Stable Share Price: PSQ is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: PSQ's weekly volatility (5%) has been stable over the past year.

About the Company

2002n/aPhil McKenzie

Pacific Smiles Group Limited, together with its subsidiaries, owns and operates dental centers under the Pacific Smiles Dental Centres and nib Dental Care Centres names in Eastern Australia. It provides services and equipped facilities to dentists, including support staff, materials, marketing, and administrative services. The company also offers dental services, such as cosmetic dentistry, child dental care, dental check-ups, emergency dental, endodontics, gum disease treatment, Invisalign, orthodontics, periodontics, prosthodontics, root canal treatment, sleep dentistry, teeth cleaning, teeth whitening, tele dentistry, tooth extraction, and wisdom teeth removal, as well as offers dental crowns, dental implants, dentures, veneers, and SmileStyler clear aligners.

Pacific Smiles Group Fundamentals Summary

How do Pacific Smiles Group's earnings and revenue compare to its market cap?
PSQ fundamental statistics
Market CapAU$228.20m
Earnings (TTM)-AU$4.53m
Revenue (TTM)AU$139.47m


P/S Ratio


P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PSQ income statement (TTM)
Cost of RevenueAU$79.43m
Gross ProfitAU$60.04m
Other ExpensesAU$64.57m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date


Earnings per share (EPS)-0.028
Gross Margin43.05%
Net Profit Margin-3.25%
Debt/Equity Ratio31.4%

How did PSQ perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.


Is PSQ undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score


Valuation Score 3/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PSQ?

Other financial metrics that can be useful for relative valuation.

PSQ key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.3x
Enterprise Value/EBITDA29.2x
PEG Ration/a

Price to Sales Ratio vs Peers

How does PSQ's PS Ratio compare to its peers?

PSQ PS Ratio vs Peers
The above table shows the PS ratio for PSQ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average1.1x
MVF Monash IVF Group
EHE Estia Health
REG Regis Healthcare
PGC Paragon Care
PSQ Pacific Smiles Group

Price-To-Sales vs Peers: PSQ is expensive based on its Price-To-Sales Ratio (1.6x) compared to the peer average (1.1x).

Price to Earnings Ratio vs Industry

How does PSQ's PE Ratio compare vs other companies in the AU Healthcare Industry?

Price-To-Sales vs Industry: PSQ is expensive based on its Price-To-Sales Ratio (1.6x) compared to the Australian Healthcare industry average (1.3x)

Price to Sales Ratio vs Fair Ratio

What is PSQ's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PSQ PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.6x
Fair PS Ratio2.8x

Price-To-Sales vs Fair Ratio: PSQ is good value based on its Price-To-Sales Ratio (1.6x) compared to the estimated Fair Price-To-Sales Ratio (2.8x).

Share Price vs Fair Value

What is the Fair Price of PSQ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: PSQ (A$1.43) is trading below our estimate of fair value (A$2.55)

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

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Future Growth

How is Pacific Smiles Group forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

Future Growth Score


Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: PSQ is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.8%).

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

High Growth Earnings: PSQ is expected to become profitable in the next 3 years.

Revenue vs Market: PSQ's revenue (16.9% per year) is forecast to grow faster than the Australian market (3.7% per year).

High Growth Revenue: PSQ's revenue (16.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: PSQ's Return on Equity is forecast to be high in 3 years time (21.6%)

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Past Performance

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

Past Performance Score


Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: PSQ is currently unprofitable.

Growing Profit Margin: PSQ is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: PSQ is unprofitable, and losses have increased over the past 5 years at a rate of 14.2% per year.

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

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

Return on Equity

High ROE: PSQ has a negative Return on Equity (-7.69%), as it is currently unprofitable.

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Financial Health

How is Pacific Smiles Group's financial position?

Financial Health Score


Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: PSQ's short term assets (A$24.4M) do not cover its short term liabilities (A$34.9M).

Long Term Liabilities: PSQ's short term assets (A$24.4M) do not cover its long term liabilities (A$96.7M).

Debt to Equity History and Analysis

Debt Level: PSQ's net debt to equity ratio (11.4%) is considered satisfactory.

Reducing Debt: PSQ's debt to equity ratio has increased from 11.4% to 31.4% over the past 5 years.

Debt Coverage: PSQ's debt is well covered by operating cash flow (96.7%).

Interest Coverage: Insufficient data to determine if PSQ's interest payments on its debt are well covered by EBIT.

Balance Sheet

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

Dividend Score


Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


Forecast Dividend Yield

Dividend Yield vs Market

Notable Dividend: Unable to evaluate PSQ's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate PSQ's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if PSQ's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PSQ's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: PSQ is not paying a notable dividend for the Australian market.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as PSQ has not reported any payouts.

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


Average management tenure


Phil McKenzie





Mr. Philip McKenzie, also known as Phil, has been Managing Director, Chief Executive Officer and Executive Director at Pacific Smiles Group Limited since October 29, 2018. He is Chief Executive Officer of...

CEO Compensation Analysis

Compensation vs Market: Phil's total compensation ($USD698.88K) is above average for companies of similar size in the Australian market ($USD281.91K).

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

Leadership Team

Experienced Management: PSQ's management team is not considered experienced ( 0.6 years average tenure), which suggests a new team.

Board Members

Experienced Board: PSQ's board of directors are considered experienced (3.9 years average tenure).


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

ASX:PSQ Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
06 Jun 22BuyAU$4,172,304Moelis Australia Asset Management LtdCompany2,055,209AU$2.03
16 May 22BuyAU$3,768,988Ice Investors Pty LtdCompany1,815,082AU$2.40
13 Dec 21BuyAU$41,919,988HBF Health Limited, Asset Mnagement ArmCompany16,000,000AU$2.62
15 Nov 21SellAU$1,160,149Moelis Australia Asset Management LtdCompany400,000AU$2.90

Ownership Breakdown

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

Top Shareholders

Top 24 shareholders own 44.72% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
Alexander Abrahams
19,256,660A$27.5m-7.56%no data
HBF Health Limited, Asset Mnagement Arm
16,000,000A$22.9m0%no data
Alison Hughes
15,797,850A$22.6m-2.47%no data
Just Paddling Pty Ltd
3,454,646A$4.9m0%no data
John Gibbs
2,200,000A$3.1m-12.52%no data
Robert Cameron
2,108,480A$3.0m-19.17%no data
Channings Holdings Pty Ltd
2,090,150A$3.0m-32.36%no data
Karen Wright
2,022,000A$2.9m0%no data
Simon Rutherford
1,744,863A$2.5m0%no data
Genna Levitch
1,377,854A$2.0m-3.97%no data
Bendigo and Adelaide Bank Limited, Asset Management Arm
Dianne Wheeldon
789,132A$1.1m-62.11%no data
David Roessler
766,200A$1.1m0%no data
Zurich Investment Management Limited
Dianne Collins
564,240A$806.9k0%no data
Trevor Collins
564,240A$806.9k0%no data
Dimensional Fund Advisors LP
435,469A$622.7k0.27%no data
Mark Bloom
277,952A$397.5k0%no data
Paul Robertson
200,000A$286.0k-33.33%no data
Hilton Brett
100,000A$143.0k0%no data
Allianz Asset Management AG
53,995A$77.2k0%no data
Zita Peach
50,087A$71.6k0%no data
Scott Kalniz
20,000A$28.6k0%no data
Philip McKenzie
10,600A$15.2k0%no data

Company Information

Pacific Smiles Group Limited's employee growth, exchange listings and data sources

Key Information

  • Name: Pacific Smiles Group Limited
  • Ticker: PSQ
  • Exchange: ASX
  • Founded: 2002
  • Industry: Health Care Facilities
  • Sector: Healthcare
  • Implied Market Cap: AU$228.202m
  • Shares outstanding: 159.58m
  • Website:

Number of Employees


  • Pacific Smiles Group Limited
  • 6 Molly Morgan Drive
  • Level 1
  • East Maitland
  • New South Wales
  • 2323
  • Australia


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PSQASX (Australian Securities Exchange)YesOrdinary SharesAUAUDNov 2014
PSQCHIA (Chi-X Australia)YesOrdinary SharesAUAUDNov 2014

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/24 00:00
End of Day Share Price2022/09/23 00:00
Annual Earnings2022/06/30

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.