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Aveo Group

ASX:AOG
Snowflake Description

Adequate balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AOG
ASX
A$1B
Market Cap
  1. Home
  2. AU
  3. Real Estate
Company description

Aveo Group invests in, develops, and manages retirement villages in Australia. The last earnings update was 65 days ago. More info.


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AOG Share Price and Events
7 Day Returns
-1.6%
ASX:AOG
0.5%
AU Real Estate
0.3%
AU Market
1 Year Returns
-28.9%
ASX:AOG
-23.4%
AU Real Estate
5.2%
AU Market
AOG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Aveo Group (AOG) -1.6% -7.8% 20.4% -28.9% -45.1% -7.8%
AU Real Estate 0.5% 0.2% 5.7% -23.4% -8.7% -2.7%
AU Market 0.3% 1% 7.2% 5.2% 19.2% 4.9%
1 Year Return vs Industry and Market
  • AOG underperformed the Real Estate industry which returned -23.4% over the past year.
  • AOG underperformed the Market in Australia which returned 5.2% over the past year.
Price Volatility
AOG
Industry
5yr Volatility vs Market

AOG Value

 Is Aveo 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 Aveo 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

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

ASX:AOG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.8%
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:AOG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 1.1
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.096 (1 + (1- 30%) (69.11%))
1.419
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.42
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (1.419 * 5.96%)
10.77%

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

The calculations below outline how an intrinsic value for Aveo 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:AOG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 10.77%)
2019 99.00 Analyst x1 89.37
2020 55.27 Analyst x3 45.04
2021 68.50 Analyst x2 50.40
2022 63.39 Est @ -7.46% 42.10
2023 60.52 Est @ -4.53% 36.28
2024 59.02 Est @ -2.48% 31.94
2025 58.40 Est @ -1.04% 28.54
2026 58.38 Est @ -0.03% 25.75
2027 58.77 Est @ 0.67% 23.41
2028 59.46 Est @ 1.16% 21.37
Present value of next 10 years cash flows A$394.21
ASX:AOG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= A$59.46 × (1 + 2.31%) ÷ (10.77% – 2.31%)
A$719.04
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$719.04 ÷ (1 + 10.77%)10
A$258.49
ASX:AOG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$394.21 + A$258.49
A$652.71
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$652.71 / 578.34
A$1.13
ASX:AOG Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$1.13
Current discount Discount to share price of A$1.89
= -1 x (A$1.89 - A$1.13) / A$1.13
-67.5%

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

  • The current share price of Aveo Group is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Aveo Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Aveo Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:AOG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$0.29
ASX:AOG Share Price ** ASX (2019-04-18) in AUD A$1.89
Australia Real Estate Industry PE Ratio Median Figure of 23 Publicly-Listed Real Estate Companies 9.97x
Australia Market PE Ratio Median Figure of 544 Publicly-Listed Companies 16.05x

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

** Primary Listing of Aveo Group.

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

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

= 1.89 ÷ 0.29

6.42x

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

  • Aveo Group is good value based on earnings compared to the AU Real Estate industry average.
  • Aveo Group is good value based on earnings compared to the Australia market.
Price based on expected Growth
Does Aveo Group's expected growth come at a high price?
Raw Data
ASX:AOG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.42x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
-26.6%per year
Australia Real Estate Industry PEG Ratio Median Figure of 10 Publicly-Listed Real Estate Companies 0.63x
Australia Market PEG Ratio Median Figure of 361 Publicly-Listed Companies 1.36x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.42x ÷ -26.6%

-0.24x

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

  • Aveo Group earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Aveo Group's assets?
Raw Data
ASX:AOG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$3.84
ASX:AOG Share Price * ASX (2019-04-18) in AUD A$1.89
Australia Real Estate Industry PB Ratio Median Figure of 37 Publicly-Listed Real Estate Companies 0.95x
Australia Market PB Ratio Median Figure of 1,676 Publicly-Listed Companies 1.69x
ASX:AOG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 1.89 ÷ 3.84

0.49x

* Primary Listing of Aveo Group.

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

  • Aveo Group is good value based on assets compared to the AU Real Estate industry average.
X
Value checks
We assess Aveo 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 Real Estate 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 Real Estate industry average (and greater than 0)? (1 check)
  5. Aveo Group has a total score of 3/6, 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.

AOG Future Performance

 How is Aveo Group expected to perform in the next 1 to 3 years based on estimates from 5 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
-26.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Aveo Group expected to grow at an attractive rate?
  • Aveo Group's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Aveo Group's earnings are expected to decrease over the next 1-3 years, this is below the Australia market average.
  • Aveo Group's revenues are expected to decrease over the next 1-3 years, this is below the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:AOG Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:AOG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts -26.6%
ASX:AOG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts -4.9%
Australia Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 14.6%
Australia Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 0.7%
Australia Market Earnings Growth Rate Market Cap Weighted Average 6.6%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.2%

*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:AOG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:AOG Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-06-30
2022-06-30
2021-06-30 388 56 63 2
2020-06-30 396 47 56 3
2019-06-30 467 87 71 3
ASX:AOG Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 360 108 171
2018-09-30 392 105 268
2018-06-30 424 103 365
2018-03-31 424 127 323
2017-12-31 424 152 281
2017-09-30 437 197 267
2017-06-30 449 243 253
2017-03-31 420 219 212
2016-12-31 392 195 171
2016-09-30 418 244 143
2016-06-30 444 293 116
2016-03-31 441 322 105

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Aveo Group's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Aveo Group's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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:AOG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Aveo Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:AOG Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-06-30
2022-06-30
2021-06-30 0.11 0.12 0.10 3.00
2020-06-30 0.10 0.11 0.09 4.00
2019-06-30 0.03 0.03 0.03 1.00
ASX:AOG Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 0.29
2018-09-30 0.46
2018-06-30 0.63
2018-03-31 0.56
2017-12-31 0.49
2017-09-30 0.47
2017-06-30 0.44
2017-03-31 0.38
2016-12-31 0.31
2016-09-30 0.27
2016-06-30 0.22
2016-03-31 0.20

*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.
  • Aveo Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Aveo 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.
Aveo Group 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.

AOG Past Performance

  How has Aveo 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 Aveo Group's growth in the last year to its industry (Real Estate).
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.
  • Aveo Group has delivered over 20% year on year earnings growth in the past 5 years.
  • Aveo Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Aveo Group's 1-year earnings growth is negative, it can't be compared to the AU Real Estate industry average.
Earnings and Revenue History
Aveo 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 Aveo Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:AOG Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 359.90 171.10 109.60
2018-09-30 391.85 268.10 110.55
2018-06-30 423.80 365.10 111.50
2018-03-31 424.10 323.00 106.00
2017-12-31 424.40 280.90 110.20
2017-09-30 436.55 266.85 105.10
2017-06-30 448.70 252.80 100.00
2017-03-31 420.40 211.75 92.60
2016-12-31 392.10 170.70 85.20
2016-09-30 418.15 143.35 76.35
2016-06-30 444.20 116.00 67.50
2016-03-31 440.90 105.20 61.15
2015-12-31 437.60 94.40 54.80
2015-09-30 368.20 76.20 54.65
2015-06-30 298.80 58.00 54.50
2015-03-31 372.30 56.00 53.85
2014-12-31 445.80 54.00 53.20
2014-09-30 431.80 40.05 53.20
2014-06-30 417.80 26.10 53.20
2014-03-31 351.95 -54.85 52.50
2013-12-31 286.10 -135.80 51.80
2013-09-30 307.35 -143.65 57.65
2013-06-30 328.60 -151.50 63.50
2013-03-31 301.25 -264.00 62.50
2012-12-31 273.90 -376.50 61.50
2012-09-30 243.00 -363.40 63.90
2012-06-30 212.10 -350.30 66.30

*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.
  • Aveo Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Aveo Group used its assets less efficiently than the AU Real Estate industry average last year based on Return on Assets.
  • Aveo Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Aveo 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 Real Estate 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.
Aveo Group has a total score of 1/6, 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.

AOG Health

 How is Aveo 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 Aveo Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Aveo Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Aveo Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Aveo 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.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.4x 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 Aveo Group Company Filings, last reported 3 months ago.

ASX:AOG Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 2,251.50 751.40 43.50
2018-09-30 2,251.50 751.40 43.50
2018-06-30 2,298.10 687.70 71.00
2018-03-31 2,298.10 687.70 71.00
2017-12-31 2,129.40 799.80 47.60
2017-09-30 2,129.40 799.80 47.60
2017-06-30 1,978.70 573.10 47.20
2017-03-31 1,978.70 573.10 47.20
2016-12-31 1,897.50 503.70 33.40
2016-09-30 1,897.50 503.70 33.40
2016-06-30 1,660.40 462.00 34.90
2016-03-31 1,660.40 462.00 34.90
2015-12-31 1,570.80 207.70 40.50
2015-09-30 1,570.80 207.70 40.50
2015-06-30 1,505.60 359.50 32.90
2015-03-31 1,505.60 359.50 32.90
2014-12-31 1,459.70 379.10 35.20
2014-09-30 1,459.70 379.10 35.20
2014-06-30 1,429.50 364.40 23.80
2014-03-31 1,429.50 364.40 23.80
2013-12-31 1,425.30 504.20 85.70
2013-09-30 1,425.30 504.20 85.70
2013-06-30 1,174.00 716.20 30.80
2013-03-31 1,174.00 716.20 30.80
2012-12-31 1,319.80 736.90 16.90
2012-09-30 1,319.80 736.90 16.90
2012-06-30 1,171.20 1,012.40 18.50
  • Aveo Group's level of debt (33.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (35.3% vs 33.4% today).
  • Debt is not well covered by operating cash flow (14.4%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 10x coverage).
X
Financial health checks
We assess Aveo 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. Aveo Group has a total score of 4/6, 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.

AOG Dividends

 What is Aveo 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
4.76%
Current annual income from Aveo Group dividends. Estimated to be 3.08% next year.
If you bought A$2,000 of Aveo Group shares you are expected to receive A$95 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?
  • Aveo Group's pays a higher dividend yield than the bottom 25% of dividend payers in Australia (2.57%).
  • Aveo 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:AOG 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 5 Analyst Estimates (S&P Global) See Below
Australia Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 4.3%
Australia Market Average Dividend Yield Market Cap Weighted Average of 417 Stocks 4.3%
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:AOG Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2023-06-30 0.06 1.00
2022-06-30 0.06 1.00
2021-06-30 0.06 4.00
2020-06-30 0.05 5.00
2019-06-30 0.06 5.00
ASX:AOG Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2018-06-21 0.090 4.657
2017-06-13 0.090 3.478
2016-06-14 0.080 2.456
2015-06-16 0.050 1.676
2014-06-19 0.040 1.747
2013-08-20 0.010 0.536
2013-02-26 0.000 0.000
2012-06-20 0.196 11.358
2011-12-19 0.210 5.728
2011-06-22 0.224 6.083
2010-08-26 0.105 1.839
2009-12-18 0.070 1.347
2009-06-22 0.203 4.537
2009-04-20 0.280 4.877

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Aveo Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2x coverage).
X
Income/ dividend checks
We assess Aveo 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 Aveo Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Aveo Group has a total score of 3/6, see the detailed checks below.


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

AOG Management

 What is the CEO of Aveo 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
Geoff Grady
COMPENSATION A$2,381,293
AGE 59
TENURE AS CEO 5.8 years
CEO Bio

Mr. Geoffrey Earl Grady, also known as Geoff, BCom, LLB (Hons), ACA has been the Chief Executive Officer and Executive Director of Aveo Group (formerly, FKP Property Group) since July 1, 2013 and served as its Chief Operations Officer since joining it on March 3, 2009. Mr. Grady served as the Chief Executive Officer of Mulpha Sanctuary Cove (Developments) Pty Limited. He served as Partner at KPMG Brisbane. Mr. Grady has been the Executive Chairman of Aveo Healthcare Limited since March 2014. Mr. Grady served as the Executive Chairman of Forest Place Group Ltd. from May 2011 to October 2012. He is a Director at Aveo Funds Management Limited. He served as a Non Executive Director at PBD Developments Limited (Port Bouvard Ltd.) from July 23, 2010 to July 21, 2011. He served as a Director for Metlifecare Ltd., since September 14, 2012 until November 28, 2013. He served as a Director at Forest Place Group Ltd., from May 27, 2009 to October 2012. He served as a Director of Aveo Healthcare Limited from May 27, 2009 to October 8, 2012. He is a chartered accountant and a Solicitor of the Supreme Court of Queensland. He graduated from the University of Queensland with degrees in Commerce and Law with honours.

CEO Compensation
  • Geoff's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Geoff's remuneration is higher than average for companies of similar size in Australia.
Management Team Tenure

Average tenure of the Aveo Group management team in years:

0.8
Average Tenure
  • The average tenure for the Aveo Group management team is less than 2 years, this suggests a new team.
Management Team

Geoff Grady

TITLE
CEO & Executive Director
COMPENSATION
A$2M
AGE
59
TENURE
5.8 yrs

David Hunt

TITLE
Chief Financial Officer
COMPENSATION
A$1M
AGE
48
TENURE
9 yrs

Cameron Levick

TITLE
Head of Sales and Marketing
TENURE
0.3 yrs

Gary Kordic

TITLE
Head of Development
TENURE
0.8 yrs

Angela Buckley

TITLE
Head of Community of Southern Region
TENURE
0.8 yrs

Justin Lorenz

TITLE
Head of Community of Northern Region
TENURE
0.7 yrs

Darren Sonter

TITLE
Head of Care
TENURE
0.7 yrs

Anna Wyke

TITLE
Company Secretary
TENURE
0.8 yrs
Board of Directors Tenure

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

6
Average Tenure
58
Average Age
  • The tenure for the Aveo Group board of directors is about average.
Board of Directors

Huang lee Seng

TITLE
Non-Executive Chairman of the Board
COMPENSATION
A$178K
AGE
44
TENURE
10.2 yrs

Geoff Grady

TITLE
CEO & Executive Director
COMPENSATION
A$2M
AGE
59
TENURE
5.8 yrs

Jim Frayne

TITLE
Non-Executive Director
COMPENSATION
A$99K
AGE
71
TENURE
10.8 yrs

Wally McDonald

TITLE
Non-Executive Director
COMPENSATION
A$97K
AGE
61
TENURE
6.7 yrs

Eric Lee

TITLE
Non-Executive Director
COMPENSATION
A$87K
AGE
51
TENURE
6.3 yrs

Diana P. Saw

TITLE
Non-Executive Director
COMPENSATION
A$85K
AGE
47
TENURE
2.4 yrs

Kelvin Lo

TITLE
Independent Non-Executive Director
COMPENSATION
A$87K
AGE
57
TENURE
2.2 yrs

Greg Shaw

TITLE
Alternate Director
AGE
59
TENURE
2.3 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$) Value (A$)
29. Nov 18 Buy Mulpha International Bhd Company 20. Nov 18 28. Nov 18 989,366 A$1.97 A$1,706,785
19. Nov 18 Sell Perpetual Limited Company 04. Oct 18 26. Oct 18 -1,172,775 A$1.95 A$-2,292,149
19. Nov 18 Buy Perpetual Limited Company 20. Sep 18 15. Nov 18 7,166,939 A$1.83 A$13,123,755
15. Nov 18 Buy Mulpha International Bhd Company 14. Nov 18 15. Nov 18 1,386,565 A$1.69 A$2,296,586
17. Oct 18 Buy Mulpha International Bhd Company 11. Oct 18 12. Oct 18 200,000 A$1.96 A$391,626
11. Oct 18 Buy Mulpha International Bhd Company 08. Oct 18 10. Oct 18 5,449,415 A$1.99 A$10,794,935
08. Oct 18 Buy Mulpha International Bhd Company 02. Oct 18 05. Oct 18 1,789,959 A$2.03 A$3,595,433
21. Sep 18 Buy Geoffrey Grady Individual 17. Sep 18 17. Sep 18 90,000 A$2.05 A$184,500
20. Sep 18 Sell Perpetual Limited Company 06. Jul 18 11. Sep 18 -1,940,602 A$2.38 A$-4,624,896
20. Sep 18 Buy Perpetual Limited Company 25. Jun 18 18. Sep 18 3,755,681 A$2.10 A$7,905,107
14. May 18 Sell Perpetual Limited Company 10. May 18 10. May 18 -931,450 A$2.70 A$-2,511,047
14. May 18 Buy Perpetual Limited Company 20. Feb 18 24. Apr 18 628,342 A$2.74 A$1,638,399
X
Management checks
We assess Aveo 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. Aveo 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.

AOG News

Simply Wall St News

Need To Know: Aveo Group (ASX:AOG) Insiders Have Been Buying Shares

We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. … So shareholders might well want to know whether insiders have been buying or selling shares in Aveo Group (ASX:AOG). … But logic dictates you should pay some attention to whether insiders are buying or selling shares.

Simply Wall St -

How Financially Strong Is Aveo Group (ASX:AOG)?

Aveo Group (ASX:AOG) is a small-cap stock with a market capitalization of AU$1.1b. … 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. … Evaluating financial health as part of your investment thesis is.

Simply Wall St -

The Aveo Group (ASX:AOG) Share Price Is Down 39% So Some Shareholders Are Getting Worried

While not a mind-blowing move, it is good to see that the Aveo Group (ASX:AOG) share price has gained 27% in the last three months. … In fact, the share price is down 39% in the last three years, falling well short of the market return. … Although the share price is down over three years, Aveo Group actually managed to grow EPS by 17% per year in that time.

Simply Wall St -

Does The Aveo Group (ASX:AOG) Share Price Fall With The Market?

In finance, Beta is a measure of volatility. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.

Simply Wall St -

Can We See Significant Institutional Ownership On The Aveo Group (ASX:AOG) Share Register?

Every investor in Aveo Group (ASX:AOG) should be aware of the most powerful shareholder groups. … Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. … Aveo Group has a market capitalization of AU$1.2b, so we would expect some institutional investors to have noticed the stock.

Simply Wall St -

These Fundamentals Make Aveo Group (ASX:AOG) Truly Worth Looking At

Help shape the future of investing tools and you could win a $250 gift card! … By this I mean, I look at stocks holistically, from their financial health to their future outlook. … is a company that has been able to sustain great financial health, trading at an attractive share price

Simply Wall St -

Is Aveo Group's (ASX:AOG) P/E Ratio Really That Good?

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … Aveo Group has a price to earnings ratio of 2.47, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Need To Know: Aveo Group (ASX:AOG) Insiders Have Been Buying Shares

So shareholders might well want to know whether insiders have been buying or selling shares in Aveo Group (ASX:AOG). … Aveo Group Insider Transactions Over The Last Year. … That means that an insider was happy to buy shares at above the current price

Simply Wall St -

Is Aveo Group (ASX:AOG) A Smart Pick For Income Investors?

Historically, Aveo Group (ASX:AOG) has paid a dividend to shareholders. … Does Aveo Group tick all the boxes of a great dividend stock? … See our latest analysis for Aveo Group

Simply Wall St -

Do Institutions Own Shares In Aveo Group (ASX:AOG)?

A look at the shareholders of Aveo Group (ASX:AOG) can tell us which group is most powerful. … Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … Aveo Group is a smaller company with a market capitalization of AU$937m, so it may still be flying under the radar of many institutional investors.

Simply Wall St -

AOG Company Info

Description

Aveo Group invests in, develops, and manages retirement villages in Australia. The company operates in four segments: Retirement Established Business, Retirement Development, Retirement Care and Support, and Non-Retirement. It also develops residential and retail properties. In addition, the company is involved in the investment and management of retail, commercial, and industrial properties; and funds and asset management activities. It operates approximately 90 retirement and aged care communities; and 13,000 residents. The company was formerly known as FKP Property Group and changed its name to Aveo Group in November 2013. Aveo Group was founded in 1991 and is based in Sydney, Australia.

Details
Name: Aveo Group
AOG
Exchange: ASX
Founded: 1991
A$1,087,274,469
578,337,484
Website: http://www.aveo.com.au
Address: Aveo Group
99 Macquarie Street,
Level 5,
Sydney,
New South Wales, 2000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX AOG Stapled Securities Australian Securities Exchange AU AUD 20. Dec 1993
CHIA AOG Stapled Securities Chi-X Australia AU AUD 20. Dec 1993
Number of employees
Current staff
Staff numbers
0
Aveo Group employees.
Industry
Real Estate Development
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 10:33
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/03/10
Last earnings filing: 2019/02/12
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.