APN Property Group
Market Cap
AU$166.8m
Last Updated
2021/03/05 07:04 UTC
Data Sources
Company Financials +
Executive Summary
APN Property Group Limited operates as a real estate investment fund manager in Australia and internationally. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet 6 star dividend payer.
Share Price & News
How has APN Property Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: APD is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: APD's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
0%
APD
1.6%
AU REITs
-1.7%
AU Market
1 Year Return
-15.9%
APD
-12.7%
AU REITs
10.5%
AU Market
Return vs Industry: APD underperformed the Australian REITs industry which returned -12.7% over the past year.
Return vs Market: APD underperformed the Australian Market which returned 10.5% over the past year.
Shareholder returns
| APD | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | 1.6% | -1.7% |
| 30 Day | 0% | -0.7% | -0.3% |
| 90 Day | -4.3% | -5.3% | 2.7% |
| 1 Year | -10.9%-15.9% | -9.1%-12.7% | 14.1%10.5% |
| 3 Year | 53.2%30.6% | 28.8%11.7% | 29.7%14.0% |
| 5 Year | 115.5%35.4% | 44.5%12.8% | 62.5%31.3% |
Long-Term Price Volatility Vs. Market
How volatile is APN Property Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall St
What Type Of Shareholders Make Up APN Property Group Limited's (ASX:APD) Share Registry?1 month ago | Simply Wall St
Did You Participate In Any Of APN Property Group's (ASX:APD) Fantastic 112% Return ?1 month ago | Simply Wall St
Should You Be Adding APN Property Group (ASX:APD) To Your Watchlist Today?Valuation
Is APN Property Group undervalued compared to its fair value and its price relative to the market?
36.6%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: APD (A$0.56) is trading below our estimate of fair value (A$0.88)
Significantly Below Fair Value: APD is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: APD is poor value based on its PE Ratio (39.8x) compared to the AU REITs industry average (17.6x).
PE vs Market: APD is poor value based on its PE Ratio (39.8x) compared to the Australian market (19.6x).
Price to Earnings Growth Ratio
PEG Ratio: APD is poor value based on its PEG Ratio (52.6x)
Price to Book Ratio
PB vs Industry: APD is overvalued based on its PB Ratio (1.5x) compared to the AU REITs industry average (1x).
Next Steps
Future Growth
How is APN Property Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
0.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: APD's forecast earnings growth (0.8% per year) is below the savings rate (2%).
Earnings vs Market: APD's earnings (0.8% per year) are forecast to grow slower than the Australian market (15.4% per year).
High Growth Earnings: APD's earnings are forecast to grow, but not significantly.
Revenue vs Market: APD's revenue (7.2% per year) is forecast to grow faster than the Australian market (5.6% per year).
High Growth Revenue: APD's revenue (7.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: APD's Return on Equity is forecast to be low in 3 years time (9.8%).
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Past Performance
How has APN Property Group performed over the past 5 years?
19.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: APD has high quality earnings.
Growing Profit Margin: APD's current net profit margins (16.1%) are lower than last year (92.7%).
Past Earnings Growth Analysis
Earnings Trend: APD's earnings have grown by 19.4% per year over the past 5 years.
Accelerating Growth: APD's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: APD had negative earnings growth (-83%) over the past year, making it difficult to compare to the REITs industry average (-3.1%).
Return on Equity
High ROE: APD's Return on Equity (6.9%) is considered low.
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Financial Health
How is APN Property Group's financial position?
Financial Position Analysis
Short Term Liabilities: APD's short term assets (A$26.8M) exceed its short term liabilities (A$21.5M).
Long Term Liabilities: APD's short term assets (A$26.8M) exceed its long term liabilities (A$1.9M).
Debt to Equity History and Analysis
Debt Level: APD's debt to equity ratio (6.4%) is considered satisfactory.
Reducing Debt: APD's debt to equity ratio has reduced from 18.7% to 6.4% over the past 5 years.
Debt Coverage: APD's debt is well covered by operating cash flow (124.6%).
Interest Coverage: APD's interest payments on its debt are well covered by EBIT (38.2x coverage).
Balance Sheet
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Dividend
What is APN Property Group current dividend yield, its reliability and sustainability?
5.86%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: APD's dividend (5.86%) is higher than the bottom 25% of dividend payers in the Australian market (2.11%).
High Dividend: APD's dividend (5.86%) is in the top 25% of dividend payers in the Australian market (5.5%)
Stability and Growth of Payments
Stable Dividend: APD's dividends per share have been stable in the past 10 years.
Growing Dividend: APD's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (11.4%), APD's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: APD's dividends in 3 years are forecast to be covered by earnings (94.7% payout ratio).
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Management
How experienced are the management team and are they aligned to shareholders interests?
2.8yrs
Average management tenure
CEO
Tim Slattery
4.17yrs
Tenure
AU$514,676
Compensation
Mr. Timothy Slattery, also known as Tim, B.Sc., L.L.B. (Hons), M.B.A. (London Business School) has been the Chief Executive Officer of APN Property Group Limited since January 1, 2017 and served as its Man...
CEO Compensation Analysis
Compensation vs Market: Tim's total compensation ($USD401.56K) is above average for companies of similar size in the Australian market ($USD295.47K).
Compensation vs Earnings: Tim's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 4.17yrs | AU$514.68k | 0.19% A$ 320.0k | |
| Chief Financial Officer | 1.5yrs | AU$478.04k | 0.00086% A$ 1.4k | |
| Company Secretary and Head of Risk & Compliance | no data | AU$247.31k | 0.00084% A$ 1.4k | |
| Head of Distribution & Marketing | no data | no data | no data | |
| Chief Investment Officer of Real Estate Securities | 12.83yrs | AU$348.83k | no data | |
| Chief Executive Officer of Real Estate Securities | no data | no data | no data | |
| Head of Direct Property & Fund Manager at APN Industria REIT | 1.08yrs | no data | no data |
2.8yrs
Average Tenure
Experienced Management: APD's management team is considered experienced (2.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 4.17yrs | AU$514.68k | 0.19% A$ 320.0k | |
| Independent Non-Executive Director | 23.17yrs | AU$181.44k | no data | |
| Non-Executive Chairman | 25.17yrs | AU$69.91k | 26.14% A$ 43.6m | |
| Independent Non-Executive Director | 16.92yrs | AU$82.22k | 0.29% A$ 489.5k | |
| Independent Non-Executive Director | 1yr | AU$23.89k | 0.042% A$ 69.2k |
16.9yrs
Average Tenure
Experienced Board: APD's board of directors are seasoned and experienced ( 16.9 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: APD insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 6.1%.
Top Shareholders
Company Information
APN Property Group Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: APN Property Group Limited
- Ticker: APD
- Exchange: ASX
- Founded: 1996
- Industry: Diversified REITs
- Sector: Real Estate
- Market Cap: AU$166.817m
- Shares outstanding: 311.81m
- Website: https://www.apngroup.com.au
Location
- APN Property Group Limited
- 101 Collins Street
- Level 30
- Melbourne
- Victoria
- 3000
- Australia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| APD | ASX (Australian Securities Exchange) | Yes | Stapled Securities | AU | AUD | Jun 2005 |
| APNL.F | OTCPK (Pink Sheets LLC) | Yes | Stapled Securities | US | USD | Jun 2005 |
| APD | CHIA (Chi-X Australia) | Yes | Stapled Securities | AU | AUD | Jun 2005 |
Biography
APN Property Group Limited operates as a real estate investment fund manager in Australia and internationally. It operates through Real Estate Securities Funds, Industrial Real Estate Fund, Direct Real Est...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/05 07:04 |
| End of Day Share Price | 2021/03/05 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/06/30 |
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.