HMC Capital Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

David Di Pilla

Chief executive officer

AU$2.2m

Total compensation

CEO salary percentage	39.4%
CEO tenure	6.5yrs
CEO ownership	2.5%
Management average tenure	1.4yrs
Board average tenure	4.6yrs

Recent management updates

Recent updates

What You Need To Know About The Home Consortium Limited (ASX:HMC) Analyst Downgrade Today

Dec 28

Home Consortium Limited (ASX:HMC) On The Verge Of Breaking Even

May 05

Analysts Expect Home Consortium Limited (ASX:HMC) To Breakeven Soon

Dec 31

Could The Home Consortium Limited (ASX:HMC) Ownership Structure Tell Us Something Useful?

Nov 26

CEO Compensation Analysis

How has David Di Pilla's remuneration changed compared to HMC Capital's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	AU$55m
Sep 30 2023	n/a	n/a	AU$56m
Jun 30 2023	AU$2m	AU$870k	AU$57m
Mar 31 2023	n/a	n/a	AU$53m
Dec 31 2022	n/a	n/a	AU$49m
Sep 30 2022	n/a	n/a	AU$63m
Jun 30 2022	AU$2m	AU$682k	AU$77m
Mar 31 2022	n/a	n/a	AU$35m
Dec 31 2021	n/a	n/a	-AU$7m
Sep 30 2021	n/a	n/a	-AU$53m
Jun 30 2021	AU$964k	AU$487k	-AU$100m
Mar 31 2021	n/a	n/a	-AU$68m
Dec 31 2020	n/a	n/a	-AU$36m
Sep 30 2020	n/a	n/a	-AU$15m
Jun 30 2020	AU$384k	AU$239k	AU$6m

Compensation vs Market: David's total compensation ($USD1.42M) is about average for companies of similar size in the Australian market ($USD1.46M).

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

CEO

David Di Pilla

6.5yrs

Tenure

AU$2,206,951

Compensation

Mr. David Di Pilla serves as the Group Chief Executive Officer of Home Consortium and Managing Director since March 2022 and also served as Chief Executive Officer until March 2022. Mr. Di Pilla serves as...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
David Di Pilla	MD, Group CEO & Director	no data	AU$2.21m	2.52% A$ 54.9m
William McMicking	Group Chief Financial Officer	4.5yrs	AU$959.64k	no data
Sid Sharma	Head of Real Estate	less than a year	AU$1.24m	0.065% A$ 1.4m
Jamie Sun	Group Corporate Finance Manager	no data	no data	no data
Misha Mohl	Group Head of Strategy & Investor Relations	3.3yrs	no data	no data
Andrew Selim	Group General Counsel & Company Secretary	4.5yrs	AU$623.81k	no data
John Frey	Corporate Communications Counsel	no data	no data	no data
Sandra Francis	Group Head of Human Resources	2.1yrs	no data	no data
Victoria Hardie	Head of Private Equity	no data	no data	no data
Abarna Meecham	Head of Group Finance	less than a year	no data	no data
Robert Vanderzeil	Head of Capital Solutions	less than a year	no data	no data
Simon Mitchell	Group Head of Business Development	less than a year	no data	no data

1.4yrs

Average Tenure

Experienced Management: HMC's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
David Di Pilla	MD, Group CEO & Director	6.5yrs	AU$2.21m	2.52% A$ 54.9m
Susan Roberts	Independent Non-Executive Director	1.4yrs	AU$84.90k	0.017% A$ 364.1k
Gregory Hayes	Non-Executive Director	4.6yrs	AU$111.42k	0.035% A$ 753.8k
Isaac Fried	Non-Executive Director	4.6yrs	AU$101.29k	2.42% A$ 52.7m
Christopher Saxon	Independent Non-Executive Chairman & Lead Director	4.6yrs	AU$251.04k	0.085% A$ 1.8m
Brendon Gale	Independent Non-Executive Director	4.6yrs	AU$140.78k	0.087% A$ 1.9m
Kelly O'Dwyer	Independent Non-Executive Director	3.4yrs	AU$126.06k	0.021% A$ 466.2k

4.6yrs

Average Tenure

Experienced Board: HMC's board of directors are considered experienced (4.6 years average tenure).

HMC Capital Management

Management criteria checks 2/4

Key information

Recent management updates

Insufficient new directors

HMC Capital Limited, Annual General Meeting, Nov 15, 2023

Independent Non-Executive Director recently bought AU$250k worth of stock

Home Consortium Limited Announces Board Changes

Insufficient new directors

Home Consortium Limited, Annual General Meeting, Nov 23, 2022

Recent updates

Now 20% undervalued

First half 2024 earnings released: FFO per share: AU$0.2 (vs AU$0.084 in 1H 2023)

Price target increased by 8.0% to AU$6.13

Consensus EPS estimates increase by 26%

Now 21% overvalued after recent price rise

HMC Capital Limited to Report First Half, 2024 Results on Feb 20, 2024

Investor sentiment improves as stock rises 18%

Insufficient new directors

Now 20% undervalued after recent price drop

HMC Capital Limited (ASX:HMC) and HealthCo Healthcare and Wellness REIT (ASX:HCW) completed the acquisition of Healthscope Portfolio from Medical Properties Trust, Inc. (NYSE:MPW).

HMC Capital Limited, Annual General Meeting, Nov 15, 2023

Now 20% undervalued

Price target increased by 7.7% to AU$5.26

HMC Capital Limited Announces Ordinary Dividend for the Six Months Ended June 30, 2023, Payable on October 4, 2023

Full year 2023 earnings released: EPS: AU$0.18 (vs AU$0.26 in FY 2022)

HMC Capital Limited to Report Fiscal Year 2023 Results on Aug 23, 2023

Independent Non-Executive Director recently bought AU$250k worth of stock

Consensus EPS estimates fall by 19%

First half 2023 earnings released: FFO per share: AU$0.08 (vs AU$0.10 in 1H 2022)

Now 21% undervalued

HMC Capital Limited to Report First Half, 2023 Results on Feb 23, 2023

Home Consortium Limited Announces Board Changes

Insufficient new directors

Home Consortium Limited, Annual General Meeting, Nov 23, 2022

Full year 2022 earnings: EPS and revenues miss analyst expectations

Home Consortium Limited Announces Ordinary Dividend for the Six Months Ended June 30, 2022, Payable on October 7, 2022

Home Consortium Limited to Report Fiscal Year 2022 Results on Aug 24, 2022

Home Consortium Limited's wholly owned subsidiary HMC Investment Management Limited Launches HMC Capital Partners Fund 1

High number of new and inexperienced directors

First half 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Home Consortium Limited Announces Dividend for the Six Months Ended December 31, 2021, Payable on April 7, 2022

Home Consortium Limited (ASX:HMC) agreed to acquire Aventus Group (ASX:AVN).

Home Consortium Limited to Report First Half, 2022 Results on Feb 24, 2022

Now 20% undervalued after recent price drop

MD, CEO & Director recently bought AU$501k worth of stock

What You Need To Know About The Home Consortium Limited (ASX:HMC) Analyst Downgrade Today

Key Executive recently bought AU$151k worth of stock

Price target increased to AU$6.90

Independent Non-Executive Director recently bought AU$125k worth of stock

Price target increased to AU$5.85

Full year 2021 earnings released

Price target increased to AU$4.97

Home Consortium Limited (ASX:HMC) acquired portfolio of 8 private oncology assets from Genesis Care Pty Ltd for approximately AUD 110 million.

Forecast breakeven pushed back to 2022

Home Consortium Limited (ASX:HMC) entered into an agreement to acquire Five Dock (Childcare), NSW for AUD 13.1 million.

Home Consortium Limited Reaffirms FFO Guidance for the Fiscal Year 2021

Home Consortium Limited (ASX:HMC) On The Verge Of Breaking Even

Revenue beats expectations, earnings disappoint

First half 2021 earnings released: FFO AU$0.082 per share (vs AU$0.075 loss in 1H 2020)

New 90-day low: AU$3.73

Home Consortium Limited to Report First Half, 2021 Results on Feb 24, 2021

New 90-day high: AU$4.24

Analysts Expect Home Consortium Limited (ASX:HMC) To Breakeven Soon

Home Consortium Limited (ASX:HMC) agreed to acquire Portfolio of 6 health, education and Government services properties for approximately AUD 130 million.

Could The Home Consortium Limited (ASX:HMC) Ownership Structure Tell Us Something Useful?

Home Consortium Limited Elects Kelly Odwyer as Director

New 90-day high: AU$3.98

New 90-day high: AU$3.85

Christopher Saxon to Assume the Role of Independent Chairman of Home Consortium Limited from 1 January 2021

New 90-day high: AU$3.45

Home Consortium Limited (ASX:HMC) signed binding contract to acquire Glenmore Park Town Centre in Australia for AUD 150 million.

Home Consortium Limited Announces Executive Appointments

New 90-day high: AU$3.23

Home Consortium Limited (ASX:HMC) completed the acquisition of 100% freehold interest in Prestons Place and Rosenthal Shopping Centre and 87.4% freehold interest in Vincentia Marketplace from Woolworths Group Limited (ASX:WOW).

Home Consortium Limited has completed a Follow-on Equity Offering in the amount of AUD 10.6408 million.

Home Consortium Limited to Report Fiscal Year 2020 Results on Aug 26, 2020

CEO Compensation Analysis

CEO

Tenure