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HMC

Home ConsortiumASX:HMC Stock Report

Market Cap

AU$2.2b

7D

2.4%

1Y

116.3%

Updated

18 Oct, 2021

Data

Company Financials +
HMC fundamental analysis
Snowflake Score
Valuation2/6
Future Growth4/6
Past Performance0/6
Financial Health5/6
Dividends1/6

HMC Overview

Home Consortium Limited, together with its subsidiaries, owns, develops, and manages real estate property portfolio in Australia.

Price History & Performance

Summary of all time highs, changes and price drops for Home Consortium
Historical stock prices
Current Share PriceAU$7.68
52 Week HighAU$3.51
52 Week LowAU$8.48
Beta1.14
1 Month Change-1.41%
3 Month Change43.55%
1 Year Change116.34%
3 Year Changen/a
5 Year Changen/a
Change since IPO104.80%

Recent News & Updates

Shareholder Returns

HMCAU REITsAU Market
7D2.4%1.5%0.9%
1Y116.3%20.9%20.2%

Return vs Industry: HMC exceeded the Australian REITs industry which returned 20.9% over the past year.

Return vs Market: HMC exceeded the Australian Market which returned 20.2% over the past year.

Price Volatility

Is HMC's price volatile compared to industry and market?
HMC volatility
HMC Beta1.14
Industry Beta0.86
Market Beta1

Stable Share Price: HMC is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: HMC's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2009n/aDavid Di Pillahttps://www.home-co.com.au

Home Consortium Limited, together with its subsidiaries, owns, develops, and manages real estate property portfolio in Australia. The company operates hyper-convenience retail centers. Its property portfolio consists of 35 centers in 5 states under the HomeCo brand name.

Home Consortium Fundamentals Summary

How do Home Consortium's earnings and revenue compare to its market cap?
HMC fundamental statistics
Market CapAU$2.18b
Earnings (TTM)-AU$99.87m
Revenue (TTM)AU$78.74m

28.3x

P/S Ratio

-22.3x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HMC income statement (TTM)
RevenueAU$78.74m
Cost of RevenueAU$23.43m
Gross ProfitAU$55.31m
ExpensesAU$155.18m
Earnings-AU$99.87m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.34
Gross Margin70.24%
Net Profit Margin-126.84%
Debt/Equity Ratio35.9%

How did HMC perform over the long term?

See historical performance and comparison

Dividends

1.6%

Current Dividend Yield

103%

Payout Ratio

Valuation

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

31.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: HMC (A$7.68) is trading below our estimate of fair value (A$11.13)

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


Price To Earnings Ratio

PE vs Industry: HMC is unprofitable, so we can't compare its PE Ratio to the Australian REITs industry average.

PE vs Market: HMC is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: HMC is overvalued based on its PB Ratio (3.2x) compared to the AU REITs industry average (1.1x).


Future Growth

How is Home Consortium forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

50.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HMC is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).

Earnings vs Market: HMC is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: HMC's is expected to become profitable in the next 3 years.

Revenue vs Market: HMC's revenue (7% per year) is forecast to grow faster than the Australian market (5.5% per year).

High Growth Revenue: HMC's revenue (7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: HMC's Return on Equity is forecast to be low in 3 years time (8.2%).


Past Performance

How has Home Consortium performed over the past 5 years?

-1,773.8%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: HMC is currently unprofitable.

Growing Profit Margin: HMC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if HMC's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Unable to compare HMC's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: HMC is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (106.4%).


Return on Equity

High ROE: HMC has a negative Return on Equity (-13.47%), as it is currently unprofitable.


Financial Health

How is Home Consortium's financial position?


Financial Position Analysis

Short Term Liabilities: HMC's short term assets (A$510.0M) exceed its short term liabilities (A$16.4M).

Long Term Liabilities: HMC's short term assets (A$510.0M) exceed its long term liabilities (A$255.0M).


Debt to Equity History and Analysis

Debt Level: HMC's debt to equity ratio (35.9%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if HMC's debt to equity ratio has reduced over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable HMC has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: HMC is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 144.6% per year.


Dividend

What is Home Consortium current dividend yield, its reliability and sustainability?

1.56%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: HMC's dividend (1.56%) isn’t notable compared to the bottom 25% of dividend payers in the Australian market (2.27%).

High Dividend: HMC's dividend (1.56%) is low compared to the top 25% of dividend payers in the Australian market (5.32%).


Stability and Growth of Payments

Stable Dividend: HMC has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: HMC's dividend payments have increased, but the company has only paid a dividend for 2 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (102.6%), HMC's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: HMC's dividends in 3 years are forecast to be covered by earnings (53.3% payout ratio).


Next Steps

Management

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

2.0yrs

Average management tenure


CEO

David Di Pilla

no data

Tenure

AU$964,442

Compensation

Mr. David Di Pilla serves as the Chief Executive Officer of Home Consortium and Managing Director since January 1, 2021. Mr. Di Pilla serves as a Director of Home Consortium since October 11, 2017. He serv...


CEO Compensation Analysis

Compensation vs Market: David's total compensation ($USD715.83K) is below average for companies of similar size in the Australian market ($USD1.41M).

Compensation vs Earnings: David's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: HMC's management team is considered experienced (2 years average tenure).


Board Members

Experienced Board: HMC's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.


Ownership

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


Insider Trading Volume

Insider Buying: HMC 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 12.8%.


Top Shareholders

Company Information

Home Consortium Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Home Consortium Limited
  • Ticker: HMC
  • Exchange: ASX
  • Founded: 2009
  • Industry: Retail REITs
  • Sector: Real Estate
  • Market Cap: AU$2.177b
  • Shares outstanding: 290.27m
  • Website: https://www.home-co.com.au

Location

  • Home Consortium Limited
  • 19 Bay Street
  • Double Bay
  • New South Wales
  • 2028
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/18 07:04
End of Day Share Price2021/10/18 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.