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AVJ

AVJenningsASX:AVJ Stock Report

Market Cap

AU$245.3m

7D

0.8%

1Y

18.6%

Updated

22 Oct, 2021

Data

Company Financials
AVJ fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends3/6

AVJ Overview

AVJennings Limited engages in the development of residential properties in Australia.

Price History & Performance

Summary of all time highs, changes and price drops for AVJennings
Historical stock prices
Current Share PriceAU$0.60
52 Week HighAU$0.48
52 Week LowAU$0.66
Beta0.53
1 Month Change-1.63%
3 Month Change-2.42%
1 Year Change18.63%
3 Year Change0%
5 Year Change2.54%
Change since IPO8.04%

Recent News & Updates

Apr 28
Is AVJennings (ASX:AVJ) A Risky Investment?

Is AVJennings (ASX:AVJ) A Risky Investment?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Shareholder Returns

AVJAU Real EstateAU Market
7D0.8%0.6%0.7%
1Y18.6%4.8%21.4%

Return vs Industry: AVJ exceeded the Australian Real Estate industry which returned 4.8% over the past year.

Return vs Market: AVJ underperformed the Australian Market which returned 21.4% over the past year.

Price Volatility

Is AVJ's price volatile compared to industry and market?
AVJ volatility
AVJ Beta0.53
Industry Beta0.86
Market Beta1

Stable Share Price: AVJ is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: AVJ's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1932n/aPeter Summershttps://www.avjennings.com.au

AVJennings Limited engages in the development of residential properties in Australia. It is involved in the development and sale of land and apartment, and integrated housing activities. The company was founded in 1932 and is based in Hawthorn, Australia.

AVJennings Fundamentals Summary

How do AVJennings's earnings and revenue compare to its market cap?
AVJ fundamental statistics
Market CapAU$245.32m
Earnings (TTM)AU$18.72m
Revenue (TTM)AU$311.09m

13.1x

P/E Ratio

0.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AVJ income statement (TTM)
RevenueAU$311.09m
Cost of RevenueAU$241.61m
Gross ProfitAU$69.48m
ExpensesAU$50.77m
EarningsAU$18.72m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.046
Gross Margin22.34%
Net Profit Margin6.02%
Debt/Equity Ratio33.9%

How did AVJ perform over the long term?

See historical performance and comparison

Dividends

4.1%

Current Dividend Yield

54%

Payout Ratio

Valuation

Is AVJennings undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: AVJ (A$0.61) is trading below our estimate of fair value (A$21.83)

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


Price To Earnings Ratio

PE vs Industry: AVJ is good value based on its PE Ratio (13.1x) compared to the Australian Real Estate industry average (17.6x).

PE vs Market: AVJ is good value based on its PE Ratio (13.1x) compared to the Australian market (19.8x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate AVJ's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: AVJ is good value based on its PB Ratio (0.6x) compared to the AU Real Estate industry average (1.1x).


Future Growth

How is AVJennings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

22.9%

Forecasted Real Estate industry annual growth in earnings


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 AVJennings 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 SimplyWall St do have past financial data.


Past Performance

How has AVJennings performed over the past 5 years?

-28.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AVJ has high quality earnings.

Growing Profit Margin: AVJ's current net profit margins (6%) are higher than last year (3.4%).


Past Earnings Growth Analysis

Earnings Trend: AVJ's earnings have declined by 28% per year over the past 5 years.

Accelerating Growth: AVJ's earnings growth over the past year (107%) exceeds its 5-year average (-28% per year).

Earnings vs Industry: AVJ earnings growth over the past year (107%) exceeded the Real Estate industry 84%.


Return on Equity

High ROE: AVJ's Return on Equity (4.6%) is considered low.


Financial Health

How is AVJennings's financial position?


Financial Position Analysis

Short Term Liabilities: AVJ's short term assets (A$215.1M) exceed its short term liabilities (A$41.9M).

Long Term Liabilities: AVJ's short term assets (A$215.1M) exceed its long term liabilities (A$174.2M).


Debt to Equity History and Analysis

Debt Level: AVJ's debt to equity ratio (33.9%) is considered satisfactory.

Reducing Debt: AVJ's debt to equity ratio has reduced from 48.3% to 33.9% over the past 5 years.

Debt Coverage: AVJ's debt is well covered by operating cash flow (46.2%).

Interest Coverage: AVJ's interest payments on its debt are well covered by EBIT (174.3x coverage).


Balance Sheet


Dividend

What is AVJennings's current dividend yield, its reliability and sustainability?

4.13%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: AVJ's dividend (4.13%) is higher than the bottom 25% of dividend payers in the Australian market (2.27%).

High Dividend: AVJ's dividend (4.13%) is low compared to the top 25% of dividend payers in the Australian market (5.31%).


Stability and Growth of Payments

Stable Dividend: AVJ's dividend payments have been volatile in the past 10 years.

Growing Dividend: AVJ's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (54.2%), AVJ's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

12.3yrs

Average management tenure


CEO

Peter Summers

12.67yrs

Tenure

AU$1,283,441

Compensation

Mr. Peter K. Summers, BEc., CA has been the Chief Executive Officer and Managing Director of AVJennings Limited, a subsidiary of SC Global Developments Ltd. (formerly AVJennings Homes Ltd.) since February...


CEO Compensation Analysis

Compensation vs Market: Peter's total compensation ($USD961.16K) is above average for companies of similar size in the Australian market ($USD559.78K).

Compensation vs Earnings: Peter's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: AVJ's management team is seasoned and experienced (12.3 years average tenure).


Board Members

Experienced Board: AVJ's board of directors are seasoned and experienced ( 16 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

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


Top Shareholders

Company Information

AVJennings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: AVJennings Limited
  • Ticker: AVJ
  • Exchange: ASX
  • Founded: 1932
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: AU$245.324m
  • Shares outstanding: 405.49m
  • Website: https://www.avjennings.com.au

Location

  • AVJennings Limited
  • 108 Power Street
  • Level 4
  • Hawthorn
  • Victoria
  • 3122
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/22 07:02
End of Day Share Price2021/10/22 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.