Flawless balance sheet second-rate dividend payer.
Share Price & News
How has Primewest Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PWG is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: PWG's weekly volatility (6%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: PWG exceeded the Australian REITs industry which returned -11.2% over the past year.
Return vs Market: PWG underperformed the Australian Market which returned 12.5% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Primewest Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall StThe Primewest Group (ASX:PWG) Share Price Is Up 12% And Shareholders Are Holding On
4 months ago | Simply Wall StPrimewest Group Limited (ASX:PWG) Has A ROE Of 5.3%
5 months ago | Simply Wall StWhat Is The Ownership Structure Like For Primewest Group Limited (ASX:PWG)?
Is Primewest Group undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: PWG (A$1.3) is trading above our estimate of fair value (A$1.15)
Significantly Below Fair Value: PWG is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: PWG is poor value based on its PE Ratio (23.4x) compared to the AU REITs industry average (17.6x).
PE vs Market: PWG is poor value based on its PE Ratio (23.4x) compared to the Australian market (20x).
Price to Earnings Growth Ratio
PEG Ratio: PWG is poor value based on its PEG Ratio (1.8x)
Price to Book Ratio
PB vs Industry: PWG is overvalued based on its PB Ratio (2.2x) compared to the AU REITs industry average (1x).
How is Primewest Group 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: PWG's forecast earnings growth (13% per year) is above the savings rate (2%).
Earnings vs Market: PWG's earnings (13% per year) are forecast to grow slower than the Australian market (15.6% per year).
High Growth Earnings: PWG's earnings are forecast to grow, but not significantly.
Revenue vs Market: PWG's revenue (13.6% per year) is forecast to grow faster than the Australian market (5.6% per year).
High Growth Revenue: PWG's revenue (13.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PWG's Return on Equity is forecast to be low in 3 years time (12.7%).
How has Primewest Group performed over the past 5 years?
Last years earnings growth
Earnings and Revenue History
Quality Earnings: PWG has a large one-off gain of A$5.9M impacting its December 31 2020 financial results.
Growing Profit Margin: PWG's current net profit margins (52.3%) are higher than last year (32.1%).
Past Earnings Growth Analysis
Earnings Trend: Unable to establish if PWG's year-on-year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.
Accelerating Growth: Unable to compare PWG's past year earnings growth to its 5-year average as it has been trading publicly for less than 3 years.
Earnings vs Industry: PWG earnings growth over the past year (193.8%) exceeded the REITs industry -3.1%.
Return on Equity
High ROE: PWG's Return on Equity (9.3%) is considered low.
How is Primewest Group's financial position?
Financial Position Analysis
Short Term Liabilities: PWG's short term assets (A$91.7M) exceed its short term liabilities (A$12.3M).
Long Term Liabilities: PWG's short term assets (A$91.7M) exceed its long term liabilities (A$951.0K).
Debt to Equity History and Analysis
Debt Level: PWG is debt free.
Reducing Debt: PWG has not had any debt for past 5 years.
Debt Coverage: PWG has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: PWG has no debt, therefore coverage of interest payments is not a concern.
What is Primewest Group current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PWG's dividend (3.23%) is higher than the bottom 25% of dividend payers in the Australian market (2.09%).
High Dividend: PWG's dividend (3.23%) is low compared to the top 25% of dividend payers in the Australian market (5.52%).
Stability and Growth of Payments
Stable Dividend: Too early to tell whether PWG's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if PWG's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (52%), PWG's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PWG's dividends in 3 years are forecast to be covered by earnings (87.7% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
David Schwartz (66 yo)
Mr. David Jacob Schwartz serves as the Executive Chairman of Pascoe’s Pty Limited, ToLife Technologies Pty Limited, Stefani Pure Water Australasia Pty Limited and Loftus Capital Partners Limited. He has be...
CEO Compensation Analysis
Compensation vs Market: David's total compensation ($USD204.95K) is below average for companies of similar size in the Australian market ($USD723.83K).
Compensation vs Earnings: Insufficient data to compare David's compensation with company performance.
|Executive Chairman||1.5yrs||AU$262.42k||17.78% |
|MD & Executive Director||no data||AU$262.42k||17.29% |
|Executive Director||1.5yrs||AU$262.42k||18.02% |
|Independent Non-Executive Director||1.42yrs||AU$71.25k||0.0076% |
|Independent Non-Executive Director||1.42yrs||AU$68.92k||0.069% |
Experienced Board: PWG's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 13.6%.
Primewest Group Limited's company bio, employee growth, exchange listings and data sources
- Name: Primewest Group Limited
- Ticker: PWG
- Exchange: ASX
- Founded: 2000
- Industry: Diversified REITs
- Sector: Real Estate
- Market Cap: AU$515.512m
- Shares outstanding: 396.55m
- Website: https://www.primewest.biz
- Primewest Group Limited
- 307 Murray Street
- Level 1
- Western Australia
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|PWG||CHIA (Chi-X Australia)||Yes||Stapled Units||AU||AUD||Nov 2019|
|PWG||ASX (Australian Securities Exchange)||Yes||Stapled Units||AU||AUD||Nov 2019|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/03/04 07:02|
|End of Day Share Price||2021/03/04 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.