Peet Limited acquires, develops, and markets residential land in Australia.
+ 1 more risk
Reasonable growth potential and fair value.
Share Price & News
How has Peet's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PPC's share price has been volatile over the past 3 months.
7 Day Return
AU Real Estate
1 Year Return
AU Real Estate
Return vs Industry: PPC underperformed the Australian Real Estate industry which returned -8.4% over the past year.
Return vs Market: PPC underperformed the Australian Market which returned -11.9% over the past year.
Price Volatility Vs. Market
How volatile is Peet's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StIs Peet Limited (ASX:PPC) An Attractive Dividend Stock?
1 month ago | Simply Wall StImagine Owning Peet (ASX:PPC) And Wondering If The 43% Share Price Slide Is Justified
1 month ago | Simply Wall StDoes Peet Limited's (ASX:PPC) CEO Salary Compare Well With Others?
Is Peet undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PPC (A$0.96) is trading below our estimate of fair value (A$1.62)
Significantly Below Fair Value: PPC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PPC is poor value based on its PE Ratio (15.7x) compared to the Real Estate industry average (13.6x).
PE vs Market: PPC is poor value based on its PE Ratio (15.7x) compared to the Australian market (15.3x).
Price to Earnings Growth Ratio
PEG Ratio: PPC is good value based on its PEG Ratio (0.7x)
Price to Book Ratio
PB vs Industry: PPC is overvalued based on its PB Ratio (0.9x) compared to the AU Real Estate industry average (0.7x).
How is Peet forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PPC's forecast earnings growth (21.7% per year) is above the savings rate (2.3%).
Earnings vs Market: PPC's earnings (21.7% per year) are forecast to grow faster than the Australian market (15.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: PPC's revenue (13.4% per year) is forecast to grow faster than the Australian market (4.2% per year).
High Growth Revenue: PPC's revenue (13.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PPC's Return on Equity is forecast to be low in 3 years time (6.7%).
How has Peet performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PPC has high quality earnings.
Growing Profit Margin: PPC's current net profit margins (12.9%) are lower than last year (18.5%).
Past Earnings Growth Analysis
Earnings Trend: PPC's earnings have grown by 3.2% per year over the past 5 years.
Accelerating Growth: PPC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: PPC had negative earnings growth (-41.4%) over the past year, making it difficult to compare to the Real Estate industry average (-13.4%).
Return on Equity
High ROE: PPC's Return on Equity (5.3%) is considered low.
How is Peet's financial position?
Financial Position Analysis
Short Term Liabilities: PPC's short term assets (A$166.1M) exceed its short term liabilities (A$93.1M).
Long Term Liabilities: PPC's short term assets (A$166.1M) do not cover its long term liabilities (A$290.8M).
Debt to Equity History and Analysis
Debt Level: PPC's debt to equity ratio (52.1%) is considered high.
Reducing Debt: PPC's debt to equity ratio has reduced from 56.4% to 52.1% over the past 5 years.
Debt Coverage: PPC's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: PPC's interest payments on its debt are well covered by EBIT (5.4x coverage).
What is Peet current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PPC's dividend (5.21%) is higher than the bottom 25% of dividend payers in the Australian market (2.61%).
High Dividend: PPC's dividend (5.21%) is low compared to the top 25% of dividend payers in the Australian market (6.51%).
Stability and Growth of Payments
Stable Dividend: PPC's dividend payments have been volatile in the past 10 years.
Growing Dividend: PPC's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (57.4%), PPC's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PPC's dividends in 3 years are forecast to be well covered by earnings (49.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Brendan David Gore, B.Comm, FCPA, FCIS, FGIA, FAICD, has been the Managing Director and Chief Executive Officer of Peet Limited, the holding company of Peet Caboolture Syndicate Limited and Peet & Co C ...
CEO Compensation Analysis
Compensation vs Market: Brendan's total compensation ($USD1.32M) is above average for companies of similar size in the Australian market ($USD792.43K).
Compensation vs Earnings: Brendan's compensation has been consistent with company performance over the past year.
|MD, CEO & Director||12.92yrs||AU$1.92m||1.1% A$5.1m|
|Chief Financial Officer||6.75yrs||AU$663.42k||0.12% A$585.7k|
|Chief Investment Officer||no data||AU$767.43k||0.23% A$1.1m|
|Group Company Secretary||15.42yrs||AU$534.72k||0.26% A$1.2m|
|Human Resources Manager||3.17yrs||no data||no data|
Experienced Management: PPC's management team is seasoned and experienced (9.8 years average tenure).
|MD, CEO & Director||12.92yrs||AU$1.92m||1.1% A$5.1m|
|Independent Non-Executive Director||6.17yrs||AU$126.77k||0.010% A$48.5k|
|Non-Executive Director||24.5yrs||AU$161.77k||0.28% A$1.3m|
|Non-Executive Chairman||no data||AU$256.32k||20.14% A$94.4m|
|Independent Non-Executive Director||8.25yrs||AU$156.77k||0.019% A$89.3k|
|Independent Non-Executive Director||6.25yrs||AU$101.77k||no data|
Experienced Board: PPC's board of directors are considered experienced (8.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: PPC insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Peet Limited's company bio, employee growth, exchange listings and data sources
- Name: Peet Limited
- Ticker: PPC
- Exchange: ASX
- Founded: 1895
- Industry: Real Estate Development
- Sector: Real Estate
- Market Cap: AU$468.801m
- Shares outstanding: 483.30m
- 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|
Peet Limited acquires, develops, and markets residential land in Australia. The company operates through Funds Management, Company-Owned Projects, and Joint Arrangements segments. The Funds Management segment provides underwriting, capital raising, and asset identification services. The Company-Owned Projects segment acquires parcels of land for residential development purpose, as well as produces non-residential blocks of land. The Joint Arrangements segment undertakes the development of land through joint arrangements with government, statutory authorities, and private landowners. As of June 30, 2019, it managed and marketed a land bank of approximately 49,413 lots. Peet Limited was founded in 1895 and is based in Perth, Australia.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/01 10:36|
|End of Day Share Price||2020/07/01 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.