Peet Limited acquires, develops, and markets residential land in Australia. More Details
Reasonable growth potential and slightly overvalued.
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 exceeded the Australian Real Estate industry which returned -27.5% over the past year.
Return vs Market: PPC exceeded the Australian Market which returned -12% 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 month ago | Simply Wall StInvestors Aren't Entirely Convinced About Peet Limited's (ASX:PPC) Earnings
1 month ago | Simply Wall StWhat Is The Ownership Structure Like For Peet Limited (ASX:PPC)?
2 months ago | Simply Wall StPeet Limited's (ASX:PPC) Intrinsic Value Is Potentially 86% Above Its Share Price
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$1.18) is trading below our estimate of fair value (A$1.81)
Significantly Below Fair Value: PPC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PPC is unprofitable, so we can't compare its PE Ratio to the AU Real Estate industry average.
PE vs Market: PPC 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 PPC's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: PPC is overvalued based on its PB Ratio (1.1x) compared to the AU Real Estate industry average (0.9x).
How is Peet forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PPC is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.3%).
Earnings vs Market: PPC is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: PPC's is expected to become profitable in the next 3 years.
Revenue vs Market: PPC's revenue (18.1% per year) is forecast to grow faster than the Australian market (4.4% per year).
High Growth Revenue: PPC's revenue (18.1% 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 (8.9%).
How has Peet performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PPC is currently unprofitable.
Growing Profit Margin: PPC is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: PPC is unprofitable, and losses have increased over the past 5 years at a rate of 13% per year.
Accelerating Growth: Unable to compare PPC's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: PPC is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (-39.6%).
Return on Equity
High ROE: PPC has a negative Return on Equity (-5.96%), as it is currently unprofitable.
How is Peet's financial position?
Financial Position Analysis
Short Term Liabilities: PPC's short term assets (A$179.4M) exceed its short term liabilities (A$174.6M).
Long Term Liabilities: PPC's short term assets (A$179.4M) do not cover its long term liabilities (A$201.4M).
Debt to Equity History and Analysis
Debt Level: PPC's debt to equity ratio (56.9%) is considered high.
Reducing Debt: PPC's debt to equity ratio has reduced from 59.5% to 56.9% over the past 5 years.
Debt Coverage: PPC's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: PPC is unprofitable, therefore interest payments are not well covered by earnings.
What is Peet current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: PPC's dividend (1.28%) isn’t notable compared to the bottom 25% of dividend payers in the Australian market (2.39%).
High Dividend: PPC's dividend (1.28%) is low compared to the top 25% of dividend payers in the Australian market (5.66%).
Stability and Growth of Payments
Stable Dividend: PPC is not paying a notable dividend for the Australian market, therefore no need to check if payments are stable.
Growing Dividend: PPC is not paying a notable dividend for the Australian market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: PPC is not paying a notable dividend for the Australian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of PPC's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Brendan David Gore, B.Comm, FCPA, FCIS, FGIA, FAICD, has been the Managing Director and Chief Executive Officer of Peet Limited, the holding company of Peet Caboolture Syndicate Limited and Peet & Co C ...
CEO Compensation Analysis
Compensation vs Market: Brendan's total compensation ($USD1.05M) is above average for companies of similar size in the Australian market ($USD746.15K).
Compensation vs Earnings: Brendan's compensation has been consistent with company performance over the past year.
|MD, CEO & Director||13.08yrs||AU$1.43m||1.1% |
|Chief Financial Officer||6.92yrs||AU$546.30k||0.12% |
|Chief Investment Officer||no data||AU$628.84k||0.23% |
|Group Company Secretary||15.58yrs||AU$434.56k||0.21% |
|Human Resources Manager||3.33yrs||no data||no data|
Experienced Management: PPC's management team is seasoned and experienced (10 years average tenure).
|MD, CEO & Director||13.08yrs||AU$1.43m||1.1% |
|Lead Independent Non-Executive Director||no data||AU$122.54k||0.010% |
|Non-Executive Director||24.67yrs||AU$156.38k||0.28% |
|Non-Executive Chairman||no data||AU$245.42k||20.14% |
|Independent Non-Executive Director||8.42yrs||AU$151.54k||0.019% |
|Independent Non-Executive Director||6.42yrs||AU$98.38k||no data|
Experienced Board: PPC's board of directors are seasoned and experienced ( 11 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
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$567.878m
- 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 segm ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/09/18 19:08|
|End of Day Share Price||2020/09/18 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.