Ingenia Communities Group
Market Cap
AU$1.6b
Last Updated
2021/03/03 07:06 UTC
Data Sources
Company Financials +
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
Rewards
Risk Analysis
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
| INA | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.5% | 1.3% | 0.3% |
| 30 Day | -2.0% | -0.7% | 2.2% |
| 90 Day | 4.1% | -5.6% | 4.0% |
| 1 Year | 5.1%3.1% | -7.5%-11.2% | 16.1%12.5% |
| 3 Year | 102.3%85.9% | 29.0%11.9% | 31.1%15.1% |
| 5 Year | 119.0%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
2 days ago | Simply Wall St
How Does Ingenia Communities Group's (ASX:INA) CEO Pay Compare With Company Performance?3 weeks ago | Simply Wall St
Has Ingenia Communities Group's (ASX:INA) Impressive Stock Performance Got Anything to Do With Its Fundamentals?1 month ago | Simply Wall St
Should You Take Comfort From Insider Transactions At Ingenia Communities Group (ASX:INA)?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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, MD & Director | 11.33yrs | AU$1.30m | 0.44% A$ 7.2m | |
| Chief Financial Officer | 3.92yrs | AU$602.93k | 0.011% A$ 175.2k | |
| General Manager of Corporate Finance | 3.17yrs | no data | no data | |
| General Manager of Investor Relations | no data | no data | no data | |
| General Manager of Acquisitions | 3.58yrs | no data | no data | |
| General Manager of People & Culture | no data | no data | no data | |
| Joint Company Secretary | 1.08yrs | no data | no data | |
| General Manager of Care Development | 7.58yrs | no data | no data | |
| General Manager of Project Sales | 6.58yrs | no data | no data | |
| Development Director | 5.17yrs | no data | no data | |
| General Manager of Holidays Business | no data | no data | no data |
4.5yrs
Average Tenure
Experienced Management: INA's management team is considered experienced (4.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, MD & Director | 11.33yrs | AU$1.30m | 0.44% A$ 7.2m | |
| Non-Executive Director | 2.25yrs | no data | no data | |
| Independent Non-Executive Director | 8.92yrs | AU$125.40k | 0.055% A$ 889.7k | |
| Independent Deputy Chairman | 5.25yrs | AU$133.85k | 0.069% A$ 1.1m | |
| Independent Non-Executive Chairman | 8.75yrs | AU$188.51k | 0.13% A$ 2.1m | |
| Alternate Director | 2.08yrs | no data | no data | |
| Independent Non-Executive Director | 1.25yrs | AU$58.89k | 0.0098% A$ 160.1k | |
| Independent Non-Executive Director | 0.25yr | no data | no data | |
| Independent Non-Executive Director | 0.50yr | no data | no 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| INA | ASX (Australian Securities Exchange) | Yes | Stapled Units | AU | AUD | Jul 2004 |
| INA | CHIA (Chi-X Australia) | Yes | Stapled Units | AU | AUD | Jul 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/03 07:06 |
| End of Day Share Price | 2021/03/03 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/06/30 |
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.