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Ingenia Communities Group

Executive Summary

Ingenia Communities (Ingenia) is a leading Australian property group that owns, operates and develops a growing portfolio of lifestyle and holiday communities across key urban and coastal markets. More Details


Snowflake Analysis

Excellent balance sheet with acceptable track record.

Share Price & News

How has Ingenia Communities Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

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

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


Market Performance


7 Day Return

3.5%

INA

1.3%

AU REITs

0.3%

AU Market


1 Year Return

3.1%

INA

-11.2%

AU REITs

12.5%

AU Market

Return vs Industry: INA exceeded the Australian REITs industry which returned -11.9% over the past year.

Return vs Market: INA underperformed the Australian Market which returned 9.7% over the past year.


Shareholder returns

INAIndustryMarket
7 Day3.5%1.3%0.3%
30 Day-2.0%-0.7%2.2%
90 Day4.1%-5.6%4.0%
1 Year5.1%3.1%-7.5%-11.2%16.1%12.5%
3 Year102.3%85.9%29.0%11.9%31.1%15.1%
5 Year119.0%85.9%43.9%12.3%62.5%31.3%

Long-Term Price Volatility Vs. Market

How volatile is Ingenia Communities Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Ingenia Communities Group undervalued compared to its fair value and its price relative to the market?

48.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: INA (A$5.02) is trading below our estimate of fair value (A$9.72)

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


Price To Earnings Ratio

PE vs Industry: INA is poor value based on its PE Ratio (38.2x) compared to the AU REITs industry average (16.7x).

PE vs Market: INA is poor value based on its PE Ratio (38.2x) compared to the Australian market (20x).


Price to Earnings Growth Ratio

PEG Ratio: INA is poor value based on its PEG Ratio (1.8x)


Price to Book Ratio

PB vs Industry: INA is overvalued based on its PB Ratio (1.7x) compared to the AU REITs industry average (1x).


Next Steps

Future Growth

How is Ingenia Communities Group forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

20.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: INA's forecast earnings growth (20.9% per year) is above the savings rate (2%).

Earnings vs Market: INA's earnings (20.9% per year) are forecast to grow faster than the Australian market (15.7% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: INA's revenue (5% per year) is forecast to grow slower than the Australian market (5.5% per year).

High Growth Revenue: INA's revenue (5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: INA's Return on Equity is forecast to be low in 3 years time (9.9%).


Next Steps

Past Performance

How has Ingenia Communities Group performed over the past 5 years?

6.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: INA has a large one-off loss of A$30.3M impacting its December 31 2020 financial results.

Growing Profit Margin: INA's current net profit margins (16.2%) are higher than last year (15.9%).


Past Earnings Growth Analysis

Earnings Trend: INA's earnings have grown by 6.9% per year over the past 5 years.

Accelerating Growth: INA's earnings growth over the past year (1.2%) is below its 5-year average (6.9% per year).

Earnings vs Industry: INA earnings growth over the past year (1.2%) exceeded the REITs industry -1.2%.


Return on Equity

High ROE: INA's Return on Equity (4.2%) is considered low.


Next Steps

Financial Health

How is Ingenia Communities Group's financial position?


Financial Position Analysis

Short Term Liabilities: INA's short term assets (A$72.8M) exceed its short term liabilities (A$69.5M).

Long Term Liabilities: INA's short term assets (A$72.8M) do not cover its long term liabilities (A$177.8M).


Debt to Equity History and Analysis

Debt Level: INA's debt to equity ratio (15.1%) is considered satisfactory.

Reducing Debt: INA's debt to equity ratio has reduced from 33.6% to 15.1% over the past 5 years.

Debt Coverage: INA's debt is well covered by operating cash flow (67.5%).

Interest Coverage: INA's interest payments on its debt are well covered by EBIT (15.5x coverage).


Balance Sheet


Next Steps

Dividend

What is Ingenia Communities Group current dividend yield, its reliability and sustainability?

1.87%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: INA's dividend (1.87%) isn’t notable compared to the bottom 25% of dividend payers in the Australian market (2.11%).

High Dividend: INA's dividend (1.87%) is low compared to the top 25% of dividend payers in the Australian market (5.43%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, INA has been paying a dividend for less than 10 years.

Growing Dividend: INA's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (30%), INA's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: INA's dividends in 3 years are forecast to be covered by earnings (52.5% payout ratio).


Next Steps

Management

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

4.5yrs

Average management tenure


CEO

Simon Owen

11.33yrs

Tenure

AU$1,298,953

Compensation

Mr. Simon Richard Owen has been Chief Executive Officer at Ingenia Communities Holdings Limited since November 2009 and serves as its Managing Director and Executive Director. Mr. Owen joined Ingenia Commu...


CEO Compensation Analysis

Compensation vs Market: Simon's total compensation ($USD1.01M) is about average for companies of similar size in the Australian market ($USD1.45M).

Compensation vs Earnings: Simon's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Simon Owen
CEO, MD & Director11.33yrsAU$1.30m0.44%
A$ 7.2m
Scott Noble
Chief Financial Officer3.92yrsAU$602.93k0.011%
A$ 175.2k
Karen Landy
General Manager of Corporate Finance3.17yrsno datano data
Donna Byrne
General Manager of Investor Relationsno datano datano data
Natalie Kwok
General Manager of Acquisitions3.58yrsno datano data
Jasna Beerden
General Manager of People & Cultureno datano datano data
Nhu Nguyen
Joint Company Secretary1.08yrsno datano data
Janene Eagleton
General Manager of Care Development7.58yrsno datano data
Katrina Melrose
General Manager of Project Sales6.58yrsno datano data
Ed Wortman
Development Director5.17yrsno datano data
Ben Hesketh
General Manager of Holidays Businessno datano datano data

4.5yrs

Average Tenure

Experienced Management: INA's management team is considered experienced (4.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Simon Owen
CEO, MD & Director11.33yrsAU$1.30m0.44%
A$ 7.2m
Gary Shiffman
Non-Executive Director2.25yrsno datano data
Amanda Heyworth
Independent Non-Executive Director8.92yrsAU$125.40k0.055%
A$ 889.7k
Robert Morrison
Independent Deputy Chairman5.25yrsAU$133.85k0.069%
A$ 1.1m
James Hazel
Independent Non-Executive Chairman8.75yrsAU$188.51k0.13%
A$ 2.1m
John McLaren
Alternate Director2.08yrsno datano data
Phillipa Downes
Independent Non-Executive Director1.25yrsAU$58.89k0.0098%
A$ 160.1k
Sally Evans
Independent Non-Executive Director0.25yrno datano data
Gregory Hayes
Independent Non-Executive Director0.50yrno datano data

2.3yrs

Average Tenure

62yo

Average Age

Experienced Board: INA's board of directors are not considered experienced ( 2.3 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: Insufficient data to determine if 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 20.6%.


Top Shareholders

Company Information

Ingenia Communities Group's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Ingenia Communities Group
  • Ticker: INA
  • Exchange: ASX
  • Founded: 2007
  • Industry: Residential REITs
  • Sector: Real Estate
  • Market Cap: AU$1.627b
  • Shares outstanding: 326.65m
  • Website: https://www.ingeniacommunities.com.au

Location

  • Ingenia Communities Group
  • 115 Pitt Street
  • Level 9
  • Sydney
  • New South Wales
  • 2000
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
INAASX (Australian Securities Exchange)YesStapled UnitsAUAUDJul 2004
INACHIA (Chi-X Australia)YesStapled UnitsAUAUDJul 2004

Biography

Ingenia Communities (Ingenia) is a leading Australian property group that owns, operates and develops a growing portfolio of lifestyle and holiday communities across key urban and coastal markets. We are c...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/03 07:06
End of Day Share Price2021/03/03 00:00
Earnings2020/12/31
Annual Earnings2020/06/30


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.