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PXA

PEXA GroupASX:PXA Stock Report

Market Cap

AU$2.8b

7D

0.4%

1Y

n/a

Updated

21 Oct, 2021

Data

Company Financials +
PXA fundamental analysis
Snowflake Score
Valuation0/6
Future Growth4/6
Past Performance0/6
Financial Health2/6
Dividends0/6

PXA Overview

PEXA Group Limited operates a digital property settlements platform in Australia.

Rewards

Earnings are forecast to grow 37.49% per year

Revenue grew by 42.1% over the past year

Risk Analysis

No risks detected for PXA from our risk checks.

Price History & Performance

Summary of all time highs, changes and price drops for PEXA Group
Historical stock prices
Current Share PriceAU$15.94
52 Week HighAU$14.85
52 Week LowAU$18.50
Beta0
1 Month Change-2.69%
3 Month Change-7.33%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO-7.06%

Recent News & Updates

Shareholder Returns

PXAAU Real EstateAU Market
7D0.4%1.2%1.5%
1Yn/a5.1%21.1%

Return vs Industry: Insufficient data to determine how PXA performed against the Australian Real Estate industry.

Return vs Market: Insufficient data to determine how PXA performed against the Australian Market.

Price Volatility

Is PXA's price volatile compared to industry and market?
PXA volatility
PXA Beta0
Industry Beta0.86
Market Beta1

Stable Share Price: PXA is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: Insufficient data to determine PXA's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
2010n/aGlenn Kinghttps://www.pexa.com.au

PEXA Group Limited operates a digital property settlements platform in Australia. The company operates electronic lodgement network, a cloud-based platform that enables the digital lodgement and settlement for property transactions. Its PEXA lodgement and settlement services transactions include financial institutions lending funds for property purchases and refinances, practitioners representing individual buyers and sellers, and property developers.

PEXA Group Fundamentals Summary

How do PEXA Group's earnings and revenue compare to its market cap?
PXA fundamental statistics
Market CapAU$2.83b
Earnings (TTM)-AU$11.79m
Revenue (TTM)AU$221.05m

12.8x

P/S Ratio

-239.8x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PXA income statement (TTM)
RevenueAU$221.05m
Cost of RevenueAU$29.33m
Gross ProfitAU$191.71m
ExpensesAU$203.50m
Earnings-AU$11.79m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.066
Gross Margin86.73%
Net Profit Margin-5.33%
Debt/Equity Ratio47.5%

How did PXA perform over the long term?

See historical performance and comparison

Valuation

Is PEXA Group undervalued compared to its fair value and its price relative to the market?

2.74x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: PXA (A$15.94) is trading above our estimate of fair value (A$9.68)

Significantly Below Fair Value: PXA is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: PXA is unprofitable, so we can't compare its PE Ratio to the Australian Real Estate industry average.

PE vs Market: PXA 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 PXA's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PXA is overvalued based on its PB Ratio (2.7x) compared to the AU Real Estate industry average (1.1x).


Future Growth

How is PEXA Group forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

37.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PXA is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).

Earnings vs Market: PXA is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: PXA's is expected to become profitable in the next 3 years.

Revenue vs Market: PXA's revenue (8.8% per year) is forecast to grow faster than the Australian market (5.4% per year).

High Growth Revenue: PXA's revenue (8.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PXA's Return on Equity is forecast to be low in 3 years time (4.5%).


Past Performance

How has PEXA Group performed over the past 5 years?

-39,190.0%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: PXA is currently unprofitable.

Growing Profit Margin: PXA is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if PXA's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Unable to compare PXA's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: PXA is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (84%).


Return on Equity

High ROE: PXA has a negative Return on Equity (-1.14%), as it is currently unprofitable.


Financial Health

How is PEXA Group's financial position?


Financial Position Analysis

Short Term Liabilities: PXA's short term assets (A$84.6M) do not cover its short term liabilities (A$249.6M).

Long Term Liabilities: PXA's short term assets (A$84.6M) do not cover its long term liabilities (A$331.7M).


Debt to Equity History and Analysis

Debt Level: PXA's debt to equity ratio (47.5%) is considered high.

Reducing Debt: Insufficient data to determine if PXA's debt to equity ratio has reduced over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable PXA has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: PXA is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 98.5% per year.


Dividend

What is PEXA Group current dividend yield, its reliability and sustainability?

1.68%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate PXA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate PXA's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if PXA's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PXA's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of PXA's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.8yrs

Average management tenure


CEO

Glenn King

2yrs

Tenure

Mr. Glenn Lee King is Group Chief Executive Officer and Managing Director at Property Exchange Australia Limited since November 2019. He serves as Group Chief Executive Officer, Managing Director since Oct...


Leadership Team

Experienced Management: PXA's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: PXA's board of directors are not considered experienced ( 0.3 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: PXA insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: PXA only recently listed within the past 12 months.


Top Shareholders

Company Information

PEXA Group Limited's employee growth, exchange listings and data sources


Key Information

  • Name: PEXA Group Limited
  • Ticker: PXA
  • Exchange: ASX
  • Founded: 2010
  • Industry: Real Estate Services
  • Sector: Real Estate
  • Market Cap: AU$2.827b
  • Shares outstanding: 177.33m
  • Website: https://www.pexa.com.au

Location

  • PEXA Group Limited
  • Tower 4
  • Level 16, Collins Square
  • Melbourne
  • Victoria
  • 3008
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/21 18:22
End of Day Share Price2021/10/21 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.