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WestStar Industrial

ASX:WSI
Snowflake Description

Mediocre balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
WSI
ASX
A$17M
Market Cap
  1. Home
  2. AU
  3. Materials
Company description

WestStar Industrial Limited primarily manufactures and sells precast concrete products in Australia. The last earnings update was 142 days ago. More info.


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WSI Share Price and Events
7 Day Returns
3.8%
ASX:WSI
1.6%
AU Metals and Mining
0%
AU Market
1 Year Returns
50%
ASX:WSI
19%
AU Metals and Mining
4.8%
AU Market
WSI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
WestStar Industrial (WSI) 3.8% 17.4% 22.7% 50% -44.9% -
AU Metals and Mining 1.6% 2.8% 9.6% 19% 76.1% 16.9%
AU Market 0% 0.9% 6.8% 4.8% 20.1% 12.2%
1 Year Return vs Industry and Market
  • WSI outperformed the Metals and Mining industry which returned 19% over the past year.
  • WSI outperformed the Market in Australia which returned 4.8% over the past year.
Price Volatility
WSI
Industry
5yr Volatility vs Market

Value

 Is WestStar Industrial 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 WestStar Industrial 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

Below are the data sources, inputs and calculation used to determine the intrinsic value for WestStar Industrial.

ASX:WSI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 8.7%
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:WSI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 1.06
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.062 (1 + (1- 30%) (7.31%))
1.078
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.08
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (1.078 * 5.96%)
8.74%

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

The calculations below outline how an intrinsic value for WestStar Industrial 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:WSI DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 8.74%)
2020 1.28 Est @ 56.87% 1.18
2021 1.80 Est @ 40.5% 1.53
2022 2.33 Est @ 29.05% 1.81
2023 2.82 Est @ 21.03% 2.01
2024 3.25 Est @ 15.41% 2.14
2025 3.62 Est @ 11.48% 2.19
2026 3.94 Est @ 8.73% 2.19
2027 4.21 Est @ 6.81% 2.15
2028 4.44 Est @ 5.46% 2.09
2029 4.64 Est @ 4.51% 2.01
Present value of next 10 years cash flows A$19.30
ASX:WSI DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= A$4.64 × (1 + 2.31%) ÷ (8.74% – 2.31%)
A$73.85
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$73.85 ÷ (1 + 8.74%)10
A$31.96
ASX:WSI Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$19.30 + A$31.96
A$51.26
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$51.26 / 615.75
A$0.08
ASX:WSI Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$0.08
Current discount Discount to share price of A$0.03
= -1 x (A$0.03 - A$0.08) / A$0.08
67.6%

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

Current Discount
Amount off the current price WestStar Industrial is available for.
Intrinsic value
>50%
Share price is A$0.027 vs Future cash flow value of A$0.08325
Current Discount Checks
For WestStar Industrial to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • WestStar Industrial's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • WestStar Industrial's share price is below the future cash flow value, and 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 WestStar Industrial's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are WestStar Industrial's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:WSI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$-0.01
ASX:WSI Share Price ** ASX (2019-07-19) in AUD A$0.03
Australia Metals and Mining Industry PE Ratio Median Figure of 78 Publicly-Listed Metals and Mining Companies 12.03x
Australia Market PE Ratio Median Figure of 546 Publicly-Listed Companies 16.1x

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

** Primary Listing of WestStar Industrial.

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

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

= 0.03 ÷ -0.01

-4.9x

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

  • WestStar Industrial is loss making, we can't compare its value to the AU Metals and Mining industry average.
  • WestStar Industrial is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does WestStar Industrial's expected growth come at a high price?
Raw Data
ASX:WSI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -4.9x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Australia Metals and Mining Industry PEG Ratio Median Figure of 39 Publicly-Listed Metals and Mining Companies 0.71x
Australia Market PEG Ratio Median Figure of 361 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for WestStar Industrial, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on WestStar Industrial's assets?
Raw Data
ASX:WSI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$0.00
ASX:WSI Share Price * ASX (2019-07-19) in AUD A$0.03
Australia Metals and Mining Industry PB Ratio Median Figure of 591 Publicly-Listed Metals and Mining Companies 1.52x
Australia Market PB Ratio Median Figure of 1,693 Publicly-Listed Companies 1.7x
ASX:WSI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.03 ÷ 0.00

-7.79x

* Primary Listing of WestStar Industrial.

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

  • WestStar Industrial has negative assets, we can't compare the value of its assets to the AU Metals and Mining industry average.
X
Value checks
We assess WestStar Industrial'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 Metals and Mining 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 Metals and Mining industry average (and greater than 0)? (1 check)
  5. WestStar Industrial has a total score of 2/6, 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 WestStar Industrial expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 WestStar Industrial 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
3.9%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is WestStar Industrial expected to grow at an attractive rate?
  • Unable to compare WestStar Industrial's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare WestStar Industrial's earnings growth to the Australia market average as no estimate data is available.
  • Unable to compare WestStar Industrial's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:WSI Future Growth Rates Data Sources
Data Point Source Value (per year)
Australia Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 3.9%
Australia Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 1.5%
Australia Market Earnings Growth Rate Market Cap Weighted Average 7.4%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.3%

*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:WSI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:WSI Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 16 1 -2
2018-09-30 13 1 -3
2018-06-30 9 0 -3
2018-03-31 7 -1 -4
2017-12-31 5 -2 -4
2017-09-30 5 -2 -5
2017-06-30 5 -2 -7
2016-06-30 7 0 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if WestStar Industrial is high growth as no earnings estimate data is available.
  • Unable to determine if WestStar Industrial is high growth as no revenue estimate data is available.
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:WSI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from WestStar Industrial Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:WSI Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 -0.01
2018-09-30 -0.01
2018-06-30 -0.01
2018-03-31 -0.01
2017-12-31 -0.01
2017-09-30 -0.02
2017-06-30 -0.03
2016-06-30 -73.37

*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.
  • Unable to establish if WestStar Industrial will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of WSI’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. WestStar Industrial's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Materials companies here
  3. WestStar Industrial's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
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Future performance checks
We assess WestStar Industrial'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.
WestStar Industrial has a total score of 0/6, 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 WestStar Industrial 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 WestStar Industrial's growth in the last year to its industry (Metals and Mining).
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.
  • WestStar Industrial does not make a profit and there is insufficient past data to establish if their 5 year on year earnings growth rate was positive.
  • Unable to compare WestStar Industrial's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare WestStar Industrial's 1-year growth to the AU Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
WestStar Industrial'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 WestStar Industrial Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:WSI 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 16.34 -2.39 4.96
2018-09-30 12.72 -2.73 4.05
2018-06-30 9.11 -3.07 3.15
2018-03-31 7.11 -3.70 3.48
2017-12-31 5.12 -4.33 3.86
2017-09-30 4.85 -5.45 3.87
2017-06-30 4.58 -6.58 3.87
2016-06-30 7.37 -1.17 2.57

*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.
  • It is difficult to establish if WestStar Industrial has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if WestStar Industrial has efficiently used its assets last year compared to the AU Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if WestStar Industrial improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to its liabilities exceeding its assets.
X
Past performance checks
We assess WestStar Industrial'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 Metals and Mining 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.
WestStar Industrial has a total score of 0/6, 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 WestStar Industrial'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 WestStar Industrial's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • WestStar Industrial's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • WestStar Industrial has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of WestStar Industrial'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.
  • Low level of unsold assets.
  • WestStar Industrial has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
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 WestStar Industrial Company Filings, last reported 6 months ago.

ASX:WSI Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 -1.72 1.22 2.46
2018-09-30 -1.72 1.22 2.46
2018-06-30 -0.46 0.79 1.71
2018-03-31 -0.46 0.79 1.71
2017-12-31 -0.41 0.57 0.67
2017-09-30 -0.41 0.57 0.67
2017-06-30 0.68 0.57 1.56
2016-06-30 -1.80 1.38 0.23
  • WestStar Industrial has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if WestStar Industrial's debt level has increased considering it has negative shareholder equity.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making WestStar Industrial has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making WestStar Industrial has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -65.2% per year.
X
Financial health checks
We assess WestStar Industrial'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. WestStar Industrial 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 WestStar Industrial'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
0%
Current annual income from WestStar Industrial dividends.
If you bought A$2,000 of WestStar Industrial shares you are expected to receive A$0 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?
  • Unable to evaluate WestStar Industrial's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate WestStar Industrial's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:WSI 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 0 Analyst Estimates (S&P Global) See Below
Australia Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 37 Stocks 3.4%
Australia Market Average Dividend Yield Market Cap Weighted Average of 415 Stocks 4%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.4%
Australia Bottom 25% Dividend Yield 25th Percentile 2.5%
Australia Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

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

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

  • Unable to perform a dividend volatility check as WestStar Industrial has not reported any payouts.
  • Unable to verify if WestStar Industrial's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of WestStar Industrial's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as WestStar Industrial has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess WestStar Industrial's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.4%) - 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 WestStar Industrial afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. WestStar Industrial has a total score of 0/6, 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 WestStar Industrial'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
Robert Spadanuda
COMPENSATION A$175,200
CEO Bio

Mr. Robert Spadanuda, Dip Int Des served as General Manager of Precast Australia Pty Ltd. Mr. Spadanuda has specialized skills in financial and project management and heads the management team that oversees both the strategic direction and day-to-day functioning of Precast Australia. He takes a hands-on role in the management and oversight of all significant projects. He serves as CEO of WestStar Group at WestStar Industrial Ltd.

CEO Compensation
  • Robert's compensation has increased whilst company is loss making.
  • Robert's remuneration is lower than average for companies of similar size in Australia.
Management Team

Robert Spadanuda

TITLE
Chief Executive Officer of WestStar Group
COMPENSATION
A$175K

Mark Dimasi

TITLE
Managing Director of SIMPEC
COMPENSATION
A$184K

Derek Hall

TITLE
Company Secretary
TENURE
2 yrs
Board of Directors

Lay Ong

TITLE
Non-Executive Chairman
COMPENSATION
A$48K

Bert Mondello

TITLE
Non-Executive Director
COMPENSATION
A$48K
TENURE
2.3 yrs

Phil Re

TITLE
Non-Executive Director
COMPENSATION
A$48K
TENURE
2.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
31. Mar 19 Buy Antonino Rechichi Individual 18. Mar 19 29. Mar 19 2,737,142 A$0.03 A$84,918
25. Feb 19 Buy Antonino Rechichi Individual 30. Jan 19 19. Feb 19 9,275,464 A$0.02 A$208,302
25. Jan 19 Buy Antonino Rechichi Individual 10. Jan 19 24. Jan 19 5,750,000 A$0.02 A$95,677
18. Sep 18 Buy Philip Re Individual 17. Sep 18 17. Sep 18 252,000 A$0.01 A$3,528
10. Sep 18 Buy Philip Re Individual 05. Sep 18 06. Sep 18 412,507 A$0.02 A$6,600
X
Management checks
We assess WestStar Industrial'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. WestStar Industrial 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

What Kind Of Shareholder Owns Most WestStar Industrial Limited (ASX:WSI) Stock?

The big shareholder groups in WestStar Industrial Limited (ASX:WSI) have power over the company. … Private Company Ownership It seems that Private Companies own 11%, of the WSI stock. … Sometimes insiders have an interest in a public company through a holding in a private company, rather than in their own capacity as an individual.

Simply Wall St -

How Many Insiders Bought WestStar Industrial Limited (ASX:WSI) Shares?

So before you buy or sell WestStar Industrial Limited (ASX:WSI), you may well want to know whether insiders have been buying or selling. … WestStar Industrial Insider Transactions Over The Last Year. … Even though the purchase was made at a significantly lower price, we still think insider buying is a positive

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Do Insiders Own Shares In WestStar Industrial Limited (ASX:WSI)?

If you want to know who really controls WestStar Industrial Limited (ASX:WSI), then you'll have to look at the makeup of its share registry. … With a market capitalization of AU$7.9m, WestStar Industrial is a small cap stock, so it might not be well known by many institutional investors. … institutions are not really that prevalent on the share registry

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How Does WestStar Industrial Limited (ASX:WSI) Affect Your Portfolio Volatility?

Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market. … In comparison a stock with a beta of over one tends to be move in a similar direction to the market in the long term, but with greater changes in price.

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WestStar Industrial Limited (ASX:WSI): Should The Recent Earnings Drop Worry You?

After reading WestStar Industrial Limited's (ASX:WSI) most recent earnings announcement (31 December 2017), I found it useful to look back at how the company has performed in the past and compare this against the latest numbers. … Each year, for the past five years WestStar Industrial has seen an annual decline in revenue of -31.15%, on average. … This means any tailwind the industry is enjoying, WestStar Industrial has not been able to reap as much as its industry peers.What does this mean?

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Who Are The Largest Shareholders In WestStar Industrial Limited (ASX:WSI)?

Check out our latest analysis for WestStar Industrial ASX:WSI Ownership_summary Feb 23rd 18 Institutional Ownership Institutional investors are one of the largest group of market participants and their buy-sell decisions on a company's stock can significantly impact prices, more so, when there are relatively small amounts of shares available on the market to trade. … Private Company Ownership Potential investors in WSI should also look at another important group of investors: private companies, with a stake of 24.34%, who are primarily invested because of strategic and capital gain interests. … As a result, potential investors should further explore the company's business relations with these companies and find out if they can affect shareholder returns in the long-term.Next Steps: With a low level of institutional ownership, investors in WSI need not worry about non-fundamental factors such as ownership structure causing large impact on stock prices.

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Are WestStar Industrial Limited's (ASX:WSI) Interest Costs Too High?

How does WSI’s operating cash flow stack up against its debt? … WSI’s debt and cash flow levels indicate room for improvement. … Although short-term liquidity isn't a concern, WSI's high debt levels on top of poor cash coverage may not be what you're after in an investment.

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Company Info

Description

WestStar Industrial Limited primarily manufactures and sells precast concrete products in Australia. The company operates through three segments: Precast, SIMPEC, and Distinct. It also manufactures structures and elements; explores for mineral properties; undertakes construction contracting work in structural, mechanical, and piping, as well as electrical and instrumentation works; and develops properties. The company is based in Kwinana Beach, Australia.

Details
Name: WestStar Industrial Limited
WSI
Exchange: ASX
Founded:
A$16,625,374
615,754,616
Website: http://www.weststarindustrial.com.au
Address: WestStar Industrial Limited
4 Beach Street,
Kwinana Beach,
Western Australia, 6171,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX WSI Ordinary Shares Australian Securities Exchange AU AUD 12. Jul 2016
CHIA WSI Ordinary Shares Chi-X Australia AU AUD 12. Jul 2016
Number of employees
Current staff
Staff numbers
0
WestStar Industrial employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/20 10:42
End of day share price update: 2019/07/19 00:00
Last earnings filing: 2019/02/28
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.