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PGH

Pact Group Holdings ASX:PGH Stock Report

Last Price

AU$1.41

Market Cap

AU$500.9m

7D

-12.2%

1Y

-62.1%

Updated

26 Sep, 2022

Data

Company Financials +
PGH fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance1/6
Financial Health3/6
Dividends2/6

PGH Stock Overview

Pact Group Holdings Ltd engages in the manufacture and supply of rigid plastic and metal packaging in Australia, New Zealand, Asia, and internationally.

Pact Group Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Pact Group Holdings
Historical stock prices
Current Share PriceAU$1.41
52 Week HighAU$3.87
52 Week LowAU$1.41
Beta1.42
1 Month Change-12.19%
3 Month Change-25.27%
1 Year Change-62.13%
3 Year Change-36.14%
5 Year Change-73.34%
Change since IPO-57.68%

Recent News & Updates

Shareholder Returns

PGHAU PackagingAU Market
7D-12.2%-5.1%-2.7%
1Y-62.1%-23.0%-11.0%

Return vs Industry: PGH underperformed the Australian Packaging industry which returned -23% over the past year.

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

Price Volatility

Is PGH's price volatile compared to industry and market?
PGH volatility
PGH Average Weekly Movement7.2%
Packaging Industry Average Movement4.8%
Market Average Movement9.6%
10% most volatile stocks in AU Market16.9%
10% least volatile stocks in AU Market4.3%

Stable Share Price: PGH is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: PGH's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2002n/aSanjay Dayalhttps://pactgroup.com

Pact Group Holdings Ltd engages in the manufacture and supply of rigid plastic and metal packaging in Australia, New Zealand, Asia, and internationally. The company operates through Packaging and Sustainability, Materials Handling and Pooling, and Contract Manufacturing Services segments. It offers packaging products for dairy and beverage, processed food, health and personal care, fresh food, household and industrial, and closures industries; reusable products, such as garment hangers, fresh produce crates, IBC’s, and steel drums for supply chain, environmental, infrastructure, and retail accessories applications.

Pact Group Holdings Fundamentals Summary

How do Pact Group Holdings's earnings and revenue compare to its market cap?
PGH fundamental statistics
Market CapAU$500.94m
Earnings (TTM)AU$12.18m
Revenue (TTM)AU$1.84b

39.7x

P/E Ratio

0.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PGH income statement (TTM)
RevenueAU$1.84b
Cost of RevenueAU$841.70m
Gross ProfitAU$996.00m
Other ExpensesAU$983.82m
EarningsAU$12.18m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Feb 15, 2023

Earnings per share (EPS)0.035
Gross Margin54.20%
Net Profit Margin0.66%
Debt/Equity Ratio156.3%

How did PGH perform over the long term?

See historical performance and comparison

Dividends

3.6%

Current Dividend Yield

141%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings 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 PGH?

Other financial metrics that can be useful for relative valuation.

PGH 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/Revenue0.8x
Enterprise Value/EBITDA8x
PEG Ratio1.9x

Price to Earnings Ratio vs Peers

How does PGH's PE Ratio compare to its peers?

PGH PE Ratio vs Peers
The above table shows the PE ratio for PGH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average5.1x
ORA Orora
13.8x5.0%AU$2.6b
OMH OM Holdings
3.3x2.5%AU$475.2m
NMT Neometals
n/an/aAU$662.8m
PAN Panoramic Resources
59x37.7%AU$399.9m
PGH Pact Group Holdings
39.7x20.9%AU$500.9m

Price-To-Earnings vs Peers: PGH is expensive based on its Price-To-Earnings Ratio (39.7x) compared to the peer average (5.1x).


Price to Earnings Ratio vs Industry

How does PGH's PE Ratio compare vs other companies in the Global Packaging Industry?

Price-To-Earnings vs Industry: PGH is expensive based on its Price-To-Earnings Ratio (39.7x) compared to the Global Packaging industry average (13.9x)


Price to Earnings Ratio vs Fair Ratio

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

PGH PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio39.7x
Fair PE Ratio19.5x

Price-To-Earnings vs Fair Ratio: PGH is expensive based on its Price-To-Earnings Ratio (39.7x) compared to the estimated Fair Price-To-Earnings Ratio (19.5x).


Share Price vs Fair Value

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

Below Fair Value: PGH (A$1.41) is trading below our estimate of fair value (A$6.63)

Significantly Below Fair Value: PGH 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 Pact Group Holdings forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


20.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PGH's forecast earnings growth (20.9% per year) is above the savings rate (1.8%).

Earnings vs Market: PGH's earnings (20.9% per year) are forecast to grow faster than the Australian market (6.7% per year).

High Growth Earnings: PGH's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: PGH's revenue (1.8% per year) is forecast to grow slower than the Australian market (3.7% per year).

High Growth Revenue: PGH's revenue (1.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PGH's Return on Equity is forecast to be low in 3 years time (16.2%).


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Past Performance

How has Pact Group Holdings performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


12.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: PGH has a large one-off loss of A$60.4M impacting its June 30 2022 financial results.

Growing Profit Margin: PGH's current net profit margins (0.7%) are lower than last year (5%).


Past Earnings Growth Analysis

Earnings Trend: PGH's earnings have grown by 12.9% per year over the past 5 years.

Accelerating Growth: PGH's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: PGH had negative earnings growth (-86.1%) over the past year, making it difficult to compare to the Packaging industry average (6.8%).


Return on Equity

High ROE: PGH's Return on Equity (2.9%) is considered low.


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Financial Health

How is Pact Group Holdings's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: PGH's short term assets (A$531.2M) exceed its short term liabilities (A$529.7M).

Long Term Liabilities: PGH's short term assets (A$531.2M) do not cover its long term liabilities (A$1.1B).


Debt to Equity History and Analysis

Debt Level: PGH's net debt to equity ratio (132.3%) is considered high.

Reducing Debt: PGH's debt to equity ratio has reduced from 168.3% to 156.3% over the past 5 years.

Debt Coverage: PGH's debt is well covered by operating cash flow (26.4%).

Interest Coverage: PGH's interest payments on its debt are not well covered by EBIT (2.2x coverage).


Balance Sheet


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Dividend

What is Pact Group Holdings's current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


3.56%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: PGH's dividend (3.56%) is higher than the bottom 25% of dividend payers in the Australian market (2.78%).

High Dividend: PGH's dividend (3.56%) is low compared to the top 25% of dividend payers in the Australian market (7.03%).


Stability and Growth of Payments

Stable Dividend: PGH has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: PGH has only been paying a dividend for 8 years, and since then payments have fallen.


Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (141.3%), PGH's dividend payments are not well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (20.4%), PGH's dividend payments are well covered by cash flows.


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Management

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

2.1yrs

Average management tenure


CEO

Sanjay Dayal

3.42yrs

Tenure

AU$1,964,589

Compensation

Mr. Sanjay Dayal, B.Tech., Chemical Engineering has been Managing Director, Group Chief Executive Officer and Director of Pact Group Holdings Ltd. since April 3, 2019. He served as General Manager of Manuf...


CEO Compensation Analysis

Compensation vs Market: Sanjay's total compensation ($USD1.29M) is above average for companies of similar size in the Australian market ($USD827.65K).

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


Leadership Team

Experienced Management: PGH's management team is considered experienced (2.1 years average tenure).


Board Members

Experienced Board: PGH's board of directors are considered experienced (6.2 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: PGH insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

ASX:PGH Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
14 Sep 22BuyAU$7,655,999Kin Group Pty LtdCompany4,640,000AU$1.65
13 Sep 22BuyAU$9,312,671Kin Group Pty LtdCompany5,687,338AU$1.65
08 Sep 22BuyAU$441,194Raphael GeminderIndividual299,926AU$1.55
08 Jun 22BuyAU$8,433Margaret CattermoleIndividual3,904AU$2.16
15 Mar 22BuyAU$8,434Margaret CattermoleIndividual3,546AU$2.38
09 Dec 21BuyAU$8,477Margaret CattermoleIndividual3,432AU$2.47
29 Nov 21BuyAU$12,428,214Kin Group Pty LtdCompany4,780,081AU$2.60
28 Oct 21BuyAU$99,890Margaret CattermoleIndividual32,016AU$3.12
26 Oct 21BuyAU$5,100,000Kin Group Pty LtdCompany1,700,000AU$3.00
20 Oct 21BuyAU$5,999,999Kin Group Pty LtdCompany2,000,000AU$3.00
18 Oct 21SellAU$92,220Sanjay DayalIndividual28,507AU$3.23
13 Oct 21BuyAU$732,350Kin Group Pty LtdCompany250,000AU$2.93

Ownership Breakdown

What is the ownership structure of PGH?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders5,127,6111.5%
Institutions64,072,38718.6%
General Public93,157,17027.1%
Private Companies181,932,88552.8%

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


Top Shareholders

Top 25 shareholders own 72.16% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
48.7%
Kin Group Pty Ltd
167,673,665A$235.6m6.56%no data
6.54%
Investors Mutual Limited
22,519,891A$31.6m0%6.64%
2.77%
Wilson Asset Management (International) Pty Limited
9,547,289A$13.4m0%0.65%
2.59%
The Vanguard Group, Inc.
8,906,645A$12.5m1.13%no data
1.64%
Stanningfield Pty Ltd
5,650,250A$7.9m0%no data
1.64%
The Harris (Manipur) Trust
5,650,250A$7.9m0%no data
1.21%
Argo Investments Limited
4,172,314A$5.9m0%0.11%
1.12%
Dimensional Fund Advisors LP
3,842,889A$5.4m2.64%no data
1.06%
Raphael Geminder
3,635,929A$5.1m0%no data
0.84%
BlackRock, Inc.
2,895,018A$4.1m-0.27%no data
0.8%
Norges Bank Investment Management
2,745,283A$3.9m0%no data
0.59%
Colonial First State Investments Limited
2,017,741A$2.8m0%0.02%
0.43%
BNP Paribas Arbitrage Sa, Asset Management Arm
1,467,278A$2.1m0%no data
0.29%
S&J Capital Pty Limited
1,014,339A$1.4m0%no data
0.25%
MAM Pty Limited
872,444A$1.2m0%0.08%
0.24%
Gaja Consolidated Pty Limited
811,569A$1.1m0%no data
0.2%
Forum Investments Pty Ltd
700,000A$983.5k0%no data
0.19%
BetaShares Capital Limited
643,548A$904.2k3.5%0.01%
0.18%
Charles Schwab Investment Management, Inc.
615,120A$864.2k14.12%no data
0.18%
WisdomTree Asset Management, Inc.
610,547A$857.8k1.07%no data
0.17%
Margaret Cattermole
592,209A$832.1k0.98%no data
0.15%
Anton Tagliaferro
500,000A$702.5k0%no data
0.14%
Teachers Insurance and Annuity Association-College Retirement Equities Fund
465,804A$654.5k-23.79%no data
0.13%
AXA Investment Managers S.A.
455,185A$639.5k0%no data
0.13%
Salisbury Cove Corporate Pty Ltd
432,812A$608.1k0%no data

Company Information

Pact Group Holdings Ltd's employee growth, exchange listings and data sources


Key Information

  • Name: Pact Group Holdings Ltd
  • Ticker: PGH
  • Exchange: ASX
  • Founded: 2002
  • Industry: Metal and Glass Containers
  • Sector: Materials
  • Implied Market Cap: AU$500.942m
  • Shares outstanding: 344.29m
  • Website: https://pactgroup.com

Number of Employees


Location

  • Pact Group Holdings Ltd
  • Building 1
  • Level 5
  • Cremorne
  • Victoria
  • 3121
  • Australia


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PGHASX (Australian Securities Exchange)YesOrdinary SharesAUAUDDec 2013
PGHCHIA (Chi-X Australia)YesOrdinary SharesAUAUDDec 2013
27PDB (Deutsche Boerse AG)YesOrdinary SharesDEEURDec 2013
PCTG.YOTCPK (Pink Sheets LLC)ADRUSUSDNov 2016

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/26 00:00
End of Day Share Price2022/09/26 00:00
Earnings2022/06/30
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.