PPC Stock Overview
Peet Limited acquires, develops, and markets residential land in Australia.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$1.08|
|52 Week High||AU$1.21|
|52 Week Low||AU$0.86|
|1 Month Change||-1.82%|
|3 Month Change||12.50%|
|1 Year Change||4.85%|
|3 Year Change||-5.68%|
|5 Year Change||-11.48%|
|Change since IPO||-19.40%|
Recent News & Updates
|PPC||AU Real Estate||AU Market|
Return vs Industry: PPC exceeded the Australian Real Estate industry which returned -19.7% over the past year.
Return vs Market: PPC exceeded the Australian Market which returned -12.6% over the past year.
|PPC Average Weekly Movement||6.5%|
|Real Estate Industry Average Movement||5.9%|
|Market Average Movement||9.6%|
|10% most volatile stocks in AU Market||16.8%|
|10% least volatile stocks in AU Market||4.2%|
Stable Share Price: PPC is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: PPC's weekly volatility (7%) has been stable over the past year.
About the Company
Peet Limited acquires, develops, and markets residential land in Australia. It operates through Funds Management, Company-Owned Projects, and Joint Arrangements segments. The Funds Management segment provides underwriting, capital raising, and asset identification services.
Peet Fundamentals Summary
|PPC fundamental statistics|
Is PPC overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|PPC income statement (TTM)|
|Cost of Revenue||AU$170.33m|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||0.11|
|Net Profit Margin||19.62%|
How did PPC perform over the long term?See historical performance and comparison
5.8%Current Dividend Yield
Is PPC undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 4/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for PPC?
Other financial metrics that can be useful for relative valuation.
|What is PPC's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does PPC's PE Ratio compare to its peers?
|PPC PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
CWP Cedar Woods Properties
SDG Sunland Group
LIC Lifestyle Communities
FRI Finbar Group
Price-To-Earnings vs Peers: PPC is good value based on its Price-To-Earnings Ratio (9.8x) compared to the peer average (11.7x).
Price to Earnings Ratio vs Industry
How does PPC's PE Ratio compare vs other companies in the Oceanian Real Estate Industry?
Price-To-Earnings vs Industry: PPC is good value based on its Price-To-Earnings Ratio (9.8x) compared to the Oceanic Real Estate industry average (10.4x)
Price to Earnings Ratio vs Fair Ratio
What is PPC's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||9.8x|
|Fair PE Ratio||n/a|
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate PPC's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of PPC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: PPC (A$1.08) is trading below our estimate of fair value (A$9.83)
Significantly Below Fair Value: PPC is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Insufficient data to show price forecast.
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How is Peet forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted Real Estate industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Peet has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
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How has Peet performed over the past 5 years?
Past Performance Score4/6
Past Performance Score 4/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PPC has high quality earnings.
Growing Profit Margin: PPC's current net profit margins (19.6%) are higher than last year (12.9%).
Past Earnings Growth Analysis
Earnings Trend: PPC's earnings have declined by 16.4% per year over the past 5 years.
Accelerating Growth: PPC's earnings growth over the past year (83.6%) exceeds its 5-year average (-16.4% per year).
Earnings vs Industry: PPC earnings growth over the past year (83.6%) exceeded the Real Estate industry 26.7%.
Return on Equity
High ROE: PPC's Return on Equity (9.2%) is considered low.
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How is Peet's financial position?
Financial Health Score2/6
Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: PPC's short term assets (A$303.7M) exceed its short term liabilities (A$121.8M).
Long Term Liabilities: PPC's short term assets (A$303.7M) do not cover its long term liabilities (A$305.8M).
Debt to Equity History and Analysis
Debt Level: PPC's net debt to equity ratio (49.5%) is considered high.
Reducing Debt: PPC's debt to equity ratio has increased from 54.8% to 59.3% over the past 5 years.
Debt Coverage: PPC's debt is not well covered by operating cash flow (13.8%).
Interest Coverage: PPC's interest payments on its debt are well covered by EBIT (16.5x coverage).
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What is Peet current dividend yield, its reliability and sustainability?
Dividend Score 3/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
|Peet Dividend Yield vs Market|
|Market Bottom 25% (AU)||2.8%|
|Market Top 25% (AU)||7.2%|
|Industry Average (Real Estate)||3.0%|
|Analyst forecast in 3 Years (Peet)||n/a|
Notable Dividend: PPC's dividend (5.79%) is higher than the bottom 25% of dividend payers in the Australian market (2.8%).
High Dividend: PPC's dividend (5.79%) is low compared to the top 25% of dividend payers in the Australian market (7.19%).
Stability and Growth of Payments
Stable Dividend: PPC's dividend payments have been volatile in the past 10 years.
Growing Dividend: PPC's dividend payments have fallen over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (57.7%), PPC's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (66%), PPC's dividend payments are covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Brendan David Gore, B.Comm, FCPA, FCIS, FGIA, FAICD, has been the Managing Director and Chief Executive Officer of Peet Limited, the holding company of Peet Caboolture Syndicate Limited and Peet & Co C...
CEO Compensation Analysis
|Brendan Gore's Compensation vs Peet Earnings|
|Date||Total Comp.||Salary||Company Earnings|
|Jun 30 2022||AU$3m||AU$914k|
|Mar 31 2022||n/a||n/a|
|Dec 31 2021||n/a||n/a|
|Sep 30 2021||n/a||n/a|
|Jun 30 2021||AU$2m||AU$900k|
|Mar 31 2021||n/a||n/a|
|Dec 31 2020||n/a||n/a|
|Sep 30 2020||n/a||n/a|
|Jun 30 2020||AU$1m||AU$885k|
|Mar 31 2020||n/a||n/a|
|Dec 31 2019||n/a||n/a|
|Sep 30 2019||n/a||n/a|
|Jun 30 2019||AU$2m||AU$917k|
|Mar 31 2019||n/a||n/a|
|Dec 31 2018||n/a||n/a|
|Sep 30 2018||n/a||n/a|
|Jun 30 2018||AU$3m||AU$917k|
|Mar 31 2018||n/a||n/a|
|Dec 31 2017||n/a||n/a|
|Sep 30 2017||n/a||n/a|
|Jun 30 2017||AU$3m||AU$918k|
|Mar 31 2017||n/a||n/a|
|Dec 31 2016||n/a||n/a|
|Sep 30 2016||n/a||n/a|
|Jun 30 2016||AU$3m||AU$918k|
Compensation vs Market: Brendan's total compensation ($USD2.05M) is above average for companies of similar size in the Australian market ($USD897.98K).
Compensation vs Earnings: Brendan's compensation has increased by more than 20% in the past year.
Experienced Management: PPC's management team is seasoned and experienced (15.1 years average tenure).
Experienced Board: PPC's board of directors are seasoned and experienced ( 13 years average tenure).
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
|04 Jul 22||SellAU$7,204,222||The Retail Employees Superannuation Trust||Company||6,821,689||AU$1.16|
|24 Jun 22||BuyAU$43,950||Anthony Lennon||Individual||50,000||AU$0.88|
|08 Jun 22||BuyAU$420,526||Anthony Lennon||Individual||400,000||AU$1.05|
|02 Jun 22||BuyAU$5,642,567||Regal Partners Limited||Company||1,321,178||AU$4.27|
|01 Jun 22||BuyAU$52,495||Trevor Allen||Individual||50,000||AU$1.05|
|25 May 22||SellAU$3,225,918||Regal Partners Limited||Company||2,875,180||AU$1.12|
|22 Mar 22||BuyAU$2,680,932||The Retail Employees Superannuation Trust||Company||2,527,076||AU$1.14|
|15 Oct 21||BuyAU$9,028,176||Regal Partners Limited||Company||8,762,754||AU$1.03|
|06 Oct 21||BuyAU$8,981,860||The Retail Employees Superannuation Trust||Company||8,424,758||AU$1.23|
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Peet Limited's employee growth, exchange listings and data sources
- Name: Peet Limited
- Ticker: PPC
- Exchange: ASX
- Founded: 1895
- Industry: Real Estate Development
- Sector: Real Estate
- Implied Market Cap: AU$546.849m
- Shares outstanding: 475.52m
- Website: https://www.peet.com.au
Number of Employees
- Peet Limited
- 200 St Georges Terrace
- Level 7
- Western Australia
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|PPC||ASX (Australian Securities Exchange)||Yes||Ordinary Shares||AU||AUD||Aug 2004|
|PPC||CHIA (Chi-X Australia)||Yes||Ordinary Shares||AU||AUD||Aug 2004|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/29 00:00|
|End of Day Share Price||2022/09/29 00:00|
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.