Charter Hall Group
Market Cap
AU$5.5b
Last Updated
2019/10/19 10:33 UTC
Data Sources
Company Financials +
Executive Summary
With over 28 years’ experience in property investment and funds management, we’re one of Australia’s leading fully integrated property groups.
Snowflake
Fundamentals
Second-rate dividend payer with questionable track record.
Similar Companies
Share Price & News
How has Charter Hall Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
3.0%
CHC
0.2%
AU REITs
0.4%
AU Market
1 Year Return
68.4%
CHC
18.4%
AU REITs
9.8%
AU Market
Return vs Industry: CHC exceeded the Australian REITs industry which returned 18.4% over the past year.
Return vs Market: CHC exceeded the Australian Market which returned 9.8% over the past year.
Shareholder returns
| CHC | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.0% | 0.2% | 0.4% |
| 30 Day | 3.2% | 0.6% | -1.1% |
| 90 Day | 2.2% | -2.1% | -0.6% |
| 1 Year | 74.8%68.4% | 24.4%18.4% | 16.1%9.8% |
| 3 Year | 182.5%144.1% | 46.8%25.7% | 36.1%17.9% |
| 5 Year | 255.0%175.3% | 100.9%56.2% | 49.4%15.7% |
Price Volatility Vs. Market
How volatile is Charter Hall Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 days ago | Simply Wall St
How Does Charter Hall Group (ASX:CHC) Fare As A Dividend Stock?3 weeks ago | Simply Wall St
The Charter Hall Group (ASX:CHC) Share Price Is Up 181% And Shareholders Are Boasting About It1 month ago | Simply Wall St
What Kind Of Shareholder Appears On The Charter Hall Group's (ASX:CHC) Shareholder Register?Valuation
Is Charter Hall Group undervalued compared to its fair value and its price relative to the market?
27.5%
Undervalued compared to fair value
Share Price vs. Fair Value
Undervalued: CHC (A$11.84) is trading below our estimate of fair value (A$16.34)
Significantly Undervalued: CHC is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: CHC is poor value based on its PE Ratio (23.3x) compared to the REITs industry average (16x).
PE vs Market: CHC is poor value based on its PE Ratio (23.3x) compared to the Australian market (18.2x).
Price to Earnings Growth Ratio
Low PEG Ratio: CHC is poor value based on its PEG Ratio (3.2x)
Price to Book Ratio
PB vs Industry: CHC is overvalued based on its PB Ratio (2.9x) compared to the AU REITs industry average (1.1x).
Next Steps
Future Growth
How is Charter Hall Group forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
7.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CHC's forecast earnings growth (7.3% per year) is above the savings rate (2.3%).
Earnings vs Market: CHC's earnings (7.3% per year) are forecast to grow slower than the Australian market (10.3% per year).
High Growth Earnings: CHC's earnings are forecast to grow, but not significantly.
Revenue vs Market: CHC's revenue is expected to decline over the next 3 years (-4.1% per year).
High Growth Revenue: CHC's revenue is forecast to decline over the next 3 years (-4.1% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: CHC's Return on Equity is forecast to be low in 3 years time (12%).
Next Steps
Past Performance
How has Charter Hall Group performed over the past 5 years?
17.1%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: CHC's earnings have grown by 17.1% per year over the past 5 years.
Accelerating Growth: CHC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: CHC had negative earnings growth (-5.7%) over the past year, making it difficult to compare to the REITs industry average (-16.3%).
Return on Equity
High ROE: CHC's Return on Equity (12.1%) is considered low.
Return on Assets
ROA vs Industry: CHC has a higher Return on Assets than the REITs industry average last year.
Return on Capital Employed
ROCE Improving: CHC's Return on Capital Employed has declined over the past 3 years.
Next Steps
Financial Health
How is Charter Hall Group's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: CHC has a low level of unsold assets or inventory.
Debt Coverage by Assets: CHC's debt is not covered by short term assets (assets are 0.9x debt).
Financial Institutions Analysis
Asset Level: CHC's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if CHC has a sufficient allowance for bad loans.
Low Risk Liabilities: CHC reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if CHC has an acceptable proportion of non-loan assets held.
Low Risk Deposits: CHC has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if CHC has an appropriate level of bad loans.
Next Steps
Dividend
What is Charter Hall Group's current dividend yield, its reliability and sustainability?
2.91%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: CHC's dividend (2.91%) is higher than the bottom 25% of dividend payers in the Australian market (2.44%).
High Dividend: CHC's dividend (2.91%) is low compared to the top 25% of dividend payers in the Australian market (5.59%).
Stable Dividend: CHC's dividend payments have been volatile in the past 10 years.
Growing Dividend: CHC's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (78.5%), CHC's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CHC's dividends in 3 years are forecast to be covered by earnings (72.1% payout ratio).
Next Steps
Management
What is the CEO of Charter Hall Group's salary, the management and board of directors tenure and is there insider trading?
2.5yrs
Average management tenure
CEO
David Harrison (53yo)
15yrs
Tenure
AU$4,489,646
Compensation
Mr. David William Harrison has been Group Chief Executive Officer and Managing Director at Charter Hall Group since February 16, 2016. He is responsible for all aspects of the Charter Hall business, with s ...
CEO Compensation Analysis
Compensation vs. Market: David's total compensation ($USD3.07M) is about average for companies of similar size in the Australian market ($USD2.30M).
Compensation vs Earnings: David's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Management Age and Tenure
2.5yrs
Average Tenure
53yo
Average Age
Experienced Management: CHC's management team is considered experienced (2.5 years average tenure).
Board Age and Tenure
4.9yrs
Average Tenure
60yo
Average Age
Experienced Board: CHC's board of directors are considered experienced (4.9 years average tenure).
Insider Trading
Insider Buying: CHC insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Company |
| Shares | 2,550,562 |
| Max Price | AU$11.45 |
| Entity | Company |
| Shares | 2,636,051 |
| Max Price | AU$11.34 |
| Entity | Individual |
| Shares | 14,300 |
| Max Price | AU$11.12 |
| Entity | Company |
| Shares | 3,113,195 |
| Max Price | AU$12.40 |
| Entity | Individual |
| Shares | 10,000 |
| Max Price | AU$12.50 |
| Entity | Company |
| Shares | 142,147 |
| Max Price | AU$11.99 |
| Entity | Company |
| Shares | 2,188,758 |
| Max Price | AU$11.72 |
| Entity | Company |
| Shares | 419,208 |
| Max Price | AU$11.40 |
| Entity | Company |
| Shares | 1,330,431 |
| Max Price | AU$11.65 |
| Entity | Company |
| Shares | 1,599,248 |
| Max Price | AU$11.53 |
| Entity | Company |
| Shares | 7,943,646 |
| Max Price | AU$9.08 |
| Entity | Company |
| Shares | 170,884 |
| Max Price | AU$9.03 |
| Entity | Company |
| Shares | 160,984 |
| Max Price | AU$8.40 |
| Entity | Company |
| Shares | 7,701,141 |
| Max Price | AU$8.86 |
| Entity | Company |
| Shares | 406,418 |
| Max Price | AU$8.51 |
| Entity | Company |
| Shares | 463,845 |
| Max Price | AU$8.30 |
| Entity | Company |
| Shares | 5,744,363 |
| Max Price | AU$10.85 |
| Entity | Company |
| Shares | 806,442 |
| Max Price | AU$10.58 |
| Entity | Company |
| Shares | 70,736 |
| Max Price | AU$10.85 |
| Entity | Company |
| Shares | 60,487 |
| Max Price | AU$11.01 |
| Entity | Company |
| Shares | 173,422 |
| Max Price | AU$10.51 |
| Entity | Company |
| Shares | 303,189 |
| Max Price | AU$11.31 |
| Entity | Company |
| Shares | 136,163 |
| Max Price | AU$11.53 |
| Entity | Company |
| Shares | 7,079 |
| Max Price | AU$9.96 |
| Entity | Company |
| Shares | 225,262 |
| Max Price | AU$10.23 |
| Entity | Company |
| Shares | 3,315,489 |
| Max Price | AU$10.21 |
| Entity | Company |
| Shares | 117,176 |
| Max Price | AU$9.37 |
| Entity | Company |
| Shares | 43,192 |
| Max Price | AU$10.06 |
| Entity | Company |
| Shares | 312,512 |
| Max Price | AU$9.83 |
| Entity | Company |
| Shares | 7,072,937 |
| Max Price | AU$10.27 |
| Entity | Company |
| Shares | 2,385,079 |
| Max Price | AU$10.15 |
| Entity | Individual |
| Role | Chief Executive Officer MD, Group CEO & Director |
| Shares | 600,000 |
| Max Price | AU$9.99 |
| Entity | Company |
| Shares | 1,001,967 |
| Max Price | AU$8.39 |
| Entity | Company |
| Shares | 5,664,075 |
| Max Price | AU$9.03 |
| Entity | Company |
| Shares | 18,892,489 |
| Max Price | AU$10.36 |
| Entity | Company |
| Shares | 17,734,075 |
| Max Price | AU$9.87 |
| Entity | Company |
| Shares | 17,328,212 |
| Max Price | AU$8.83 |
| Entity | Company |
| Shares | 138,353 |
| Max Price | AU$9.55 |
| Entity | Company |
| Shares | 2,336,683 |
| Max Price | AU$8.61 |
| Entity | Company |
| Shares | 130,744 |
| Max Price | AU$7.74 |
| Entity | Company |
| Shares | 17,759 |
| Max Price | AU$8.12 |
| Entity | Company |
| Shares | 1,017,691 |
| Max Price | AU$7.62 |
| Entity | Company |
| Shares | 44,986 |
| Max Price | AU$7.35 |
| Entity | Company |
| Shares | 258,042 |
| Max Price | AU$7.29 |
| Entity | Company |
| Shares | 23,856 |
| Max Price | AU$7.02 |
| Entity | Company |
| Shares | 588,257 |
| Max Price | AU$7.01 |
| Entity | Company |
| Shares | 10,334 |
| Max Price | AU$6.95 |
| Entity | Company |
| Shares | 18,258 |
| Max Price | AU$7.00 |
| Entity | Company |
| Shares | 1,960,689 |
| Max Price | AU$6.34 |
| Entity | Company |
| Shares | 3,280,205 |
| Max Price | AU$6.50 |
| Entity | Company |
| Shares | 11,358,438 |
| Max Price | AU$6.31 |
| Entity | Company |
| Shares | 9,509,357 |
| Max Price | AU$6.88 |
| Entity | Company |
| Shares | 100,000 |
| Max Price | AU$7.00 |
| Entity | Company |
| Shares | 153,068 |
| Max Price | AU$7.13 |
| Entity | Company |
| Shares | 94,193 |
| Max Price | AU$6.66 |
| Entity | Company |
| Shares | 19,784 |
| Max Price | AU$6.90 |
| Entity | Company |
| Shares | 123,668 |
| Max Price | AU$6.80 |
| Entity | Company |
| Shares | 559,766 |
| Max Price | AU$7.05 |
Ownership Breakdown
Management Team
Adrian Tasman Taylor (47yo)
Office Chief Executive Officer
- Tenure: 2.8yrs
- Compensation: AU$1.34m
Sean Thomas McMahon
Chief Investment Officer
- Tenure: 3.3yrs
- Compensation: AU$2.00m
David Harrison (53yo)
MD, Group CEO & Director
- Tenure: 15yrs
- Compensation: AU$4.49m
David Southon (53yo)
- Tenure: 0yrs
- Compensation: AU$197.19k
Russell Proutt
Chief Financial Officer
- Tenure: 2.3yrs
- Compensation: AU$2.11m
Richard Stacker
Industrial CEO
- Tenure: 1.3yrs
- Compensation: AU$989.07k
Natalie Devlin
Chief Experience Officer
- Tenure: 0.3yrs
- Compensation: AU$539.04k
Philip Cheetham
Head of Listed Investor Relations
- Tenure: 3.8yrs
Mark Bryant
Group General Counsel & Company Secretary
- Tenure: 0yrs
Sheridan Ware
Chief Information & Technology Officer
- Tenure: 0.3yrs
Board Members
David Clarke (63yo)
Independent Chairman of the Board
- Tenure: 4.9yrs
- Compensation: AU$384.00k
Karen Moses (61yo)
Non-Executive Independent Director
- Tenure: 3.1yrs
- Compensation: AU$194.75k
Phil Garling (65yo)
Non-Executive Independent Director
- Tenure: 6.7yrs
- Compensation: AU$187.58k
Anne Brennan (59yo)
Non-Executive Independent Director
- Tenure: 9yrs
- Compensation: AU$205.00k
David Harrison (53yo)
MD, Group CEO & Director
- Tenure: 15yrs
- Compensation: AU$4.49m
David Ross (58yo)
Non-Executive Independent Director
- Tenure: 2.8yrs
- Compensation: AU$182.45k
Greg Paramor
Independent Non Executive Director
- Tenure: 0.9yrs
- Compensation: AU$116.01k
Company Information
Charter Hall Group's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Charter Hall Group
- Ticker: CHC
- Exchange: ASX
- Founded: 1991
- Industry: Diversified REITs
- Sector: Real Estate
- Market Cap: AU$5.515b
- Shares outstanding: 465.78m
- Website: https://www.charterhall.com.au
Location
- Charter Hall Group
- No. 1 Martin Place
- Level 20
- Sydney
- New South Wales
- 2000
- Australia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CHC | ASX (Australian Securities Exchange) | Yes | Stapled Securities | AU | AUD | Jun 2006 |
| CTOU.F | OTCPK (Pink Sheets LLC) | Yes | Stapled Securities | US | USD | Jun 2006 |
| CHC | CHIA (Chi-X Australia) | Yes | Stapled Securities | AU | AUD | Jun 2006 |
Biography
With over 28 years’ experience in property investment and funds management, we’re one of Australia’s leading fully integrated property groups. We use our property expertise to access, deploy, manage and in ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/19 10:33 |
| End of Day Share Price | 2019/10/18 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2019/06/30 |
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.