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Shaver Shop Group

ASX:SSG
Snowflake Description

Very undervalued with flawless balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SSG
ASX
A$57M
Market Cap
  1. Home
  2. AU
  3. Retail
Company description

Shaver Shop Group Limited engages in retailing specialist personal grooming products for men and women in Australia and New Zealand. The last earnings update was 148 days ago. More info.


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SSG Share Price and Events
7 Day Returns
0%
ASX:SSG
1.5%
AU Specialty Retail
-0.1%
AU Market
1 Year Returns
-3.2%
ASX:SSG
3.1%
AU Specialty Retail
5.2%
AU Market
SSG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Shaver Shop Group (SSG) 0% 4.6% 15.2% -3.2% -60.8% -
AU Specialty Retail 1.5% 2.5% 5.6% 3.1% -5.6% 21.8%
AU Market -0.1% 2.4% 6.5% 5.2% 19.8% 11.8%
1 Year Return vs Industry and Market
  • SSG underperformed the Specialty Retail industry which returned 3.1% over the past year.
  • SSG underperformed the Market in Australia which returned 5.2% over the past year.
Price Volatility
SSG
Industry
5yr Volatility vs Market

Value

 Is Shaver Shop Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Shaver Shop Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Shaver Shop Group.

ASX:SSG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ASX:SSG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Specialty Retail Unlevered Beta Simply Wall St/ S&P Global 0.83
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.833 (1 + (1- 30%) (17.2%))
0.956
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.96
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (0.956 * 5.96%)
8.01%

Discounted Cash Flow Calculation for ASX:SSG using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Shaver Shop Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

ASX:SSG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 8.01%)
2020 12.90 Analyst x1 11.94
2021 9.90 Analyst x1 8.49
2022 8.14 Est @ -17.74% 6.46
2023 7.19 Est @ -11.72% 5.28
2024 6.65 Est @ -7.51% 4.52
2025 6.35 Est @ -4.57% 4.00
2026 6.19 Est @ -2.5% 3.61
2027 6.12 Est @ -1.06% 3.31
2028 6.12 Est @ -0.05% 3.06
2029 6.16 Est @ 0.66% 2.85
Present value of next 10 years cash flows A$53.52
ASX:SSG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= A$6.16 × (1 + 2.31%) ÷ (8.01% – 2.31%)
A$110.63
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$110.63 ÷ (1 + 8.01%)10
A$51.21
ASX:SSG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$53.52 + A$51.21
A$104.73
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$104.73 / 125.53
A$0.83
ASX:SSG Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$0.83
Current discount Discount to share price of A$0.46
= -1 x (A$0.46 - A$0.83) / A$0.83
45.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Shaver Shop Group is available for.
Intrinsic value
45%
Share price is A$0.455 vs Future cash flow value of A$0.83428
Current Discount Checks
For Shaver Shop Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Shaver Shop Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Shaver Shop Group's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Shaver Shop Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Shaver Shop Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:SSG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$0.05
ASX:SSG Share Price ** ASX (2019-07-18) in AUD A$0.46
Australia Specialty Retail Industry PE Ratio Median Figure of 23 Publicly-Listed Specialty Retail Companies 13.57x
Australia Market PE Ratio Median Figure of 546 Publicly-Listed Companies 16.19x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Shaver Shop Group.

ASX:SSG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:SSG Share Price ÷ EPS (both in AUD)

= 0.46 ÷ 0.05

9.63x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Shaver Shop Group is good value based on earnings compared to the AU Specialty Retail industry average.
  • Shaver Shop Group is good value based on earnings compared to the Australia market.
Price based on expected Growth
Does Shaver Shop Group's expected growth come at a high price?
Raw Data
ASX:SSG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.63x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
10.2%per year
Australia Specialty Retail Industry PEG Ratio Median Figure of 19 Publicly-Listed Specialty Retail Companies 1.31x
Australia Market PEG Ratio Median Figure of 361 Publicly-Listed Companies 1.34x

*Line of best fit is calculated by linear regression .

ASX:SSG PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.63x ÷ 10.2%

0.95x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Shaver Shop Group is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Shaver Shop Group's assets?
Raw Data
ASX:SSG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$0.49
ASX:SSG Share Price * ASX (2019-07-18) in AUD A$0.46
Australia Specialty Retail Industry PB Ratio Median Figure of 27 Publicly-Listed Specialty Retail Companies 2.03x
Australia Market PB Ratio Median Figure of 1,693 Publicly-Listed Companies 1.68x
ASX:SSG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:SSG Share Price ÷ Book Value per Share (both in AUD)

= 0.46 ÷ 0.49

0.92x

* Primary Listing of Shaver Shop Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Shaver Shop Group is good value based on assets compared to the AU Specialty Retail industry average.
X
Value checks
We assess Shaver Shop Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Specialty Retail industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Specialty Retail industry average (and greater than 0)? (1 check)
  5. Shaver Shop Group has a total score of 6/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Shaver Shop Group expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
10.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Shaver Shop Group expected to grow at an attractive rate?
  • Shaver Shop Group's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Shaver Shop Group's earnings growth is expected to exceed the Australia market average.
  • Shaver Shop Group's revenue growth is expected to exceed the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:SSG Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:SSG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 10.2%
ASX:SSG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 5.5%
Australia Specialty Retail Industry Earnings Growth Rate Market Cap Weighted Average 14.3%
Australia Specialty Retail Industry Revenue Growth Rate Market Cap Weighted Average 5.8%
Australia Market Earnings Growth Rate Market Cap Weighted Average 7.3%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:SSG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:SSG Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-06-30 191 9 1
2021-06-30 180 12 8 2
2020-06-30 171 13 8 2
2019-06-30 162 9 7 2
ASX:SSG Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 157 11 6
2018-09-30 156 14 6
2018-06-30 155 16 7
2018-03-31 156 13 8
2017-12-31 157 10 10
2017-09-30 150 7 9
2017-06-30 143 3 9
2017-03-31 133 0 7
2016-12-31 123 -3 4
2016-09-30 115 1 4
2016-06-30 107 5 4
2016-03-31 99 11 7

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Shaver Shop Group's earnings are expected to grow by 10.2% yearly, however this is not considered high growth (20% yearly).
  • Shaver Shop Group's revenue is expected to grow by 5.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:SSG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Shaver Shop Group Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:SSG Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-06-30 0.07 0.07 0.07 1.00
2021-06-30 0.07 0.07 0.06 2.00
2020-06-30 0.06 0.06 0.06 2.00
2019-06-30 0.05 0.06 0.05 2.00
ASX:SSG Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 0.05
2018-09-30 0.05
2018-06-30 0.05
2018-03-31 0.06
2017-12-31 0.08
2017-09-30 0.07
2017-06-30 0.07
2017-03-31 0.06
2016-12-31 0.04
2016-09-30 0.04
2016-06-30 0.05
2016-03-31 0.07

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Shaver Shop Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Shaver Shop Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Shaver Shop Group has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Shaver Shop Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Shaver Shop Group's growth in the last year to its industry (Specialty Retail).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Shaver Shop Group's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Shaver Shop Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Shaver Shop Group's 1-year earnings growth is negative, it can't be compared to the AU Specialty Retail industry average.
Earnings and Revenue History
Shaver Shop Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Shaver Shop Group Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:SSG Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 157.48 5.79 46.58
2018-09-30 156.21 6.18 45.65
2018-06-30 154.94 6.57 44.71
2018-03-31 155.97 8.04 44.16
2017-12-31 157.26 9.55 43.60
2017-09-30 149.91 9.27 42.35
2017-06-30 142.57 8.99 41.09
2017-03-31 132.78 6.69 38.97
2016-12-31 122.99 4.39 36.85
2016-09-30 114.85 4.12 34.32
2016-06-30 106.71 3.85 31.79
2016-03-31 99.22 7.24 29.69
2015-12-31 91.73 10.63 27.58
2015-09-30 77.48 9.50 24.86
2015-06-30 63.24 8.38 22.14
2014-06-30 43.71 3.77 15.10
2013-06-30 32.79 2.92 11.74

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Shaver Shop Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Shaver Shop Group used its assets less efficiently than the AU Specialty Retail industry average last year based on Return on Assets.
  • Shaver Shop Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Shaver Shop Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Specialty Retail industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Shaver Shop Group has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Shaver Shop Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Shaver Shop Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Shaver Shop Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Shaver Shop Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Shaver Shop Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 5.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Shaver Shop Group Company Filings, last reported 6 months ago.

ASX:SSG Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 62.06 9.82 14.02
2018-09-30 62.06 9.82 14.02
2018-06-30 58.99 11.32 2.93
2018-03-31 58.99 11.32 2.93
2017-12-31 62.70 7.32 9.51
2017-09-30 62.70 7.32 9.51
2017-06-30 59.08 11.82 2.39
2017-03-31 59.08 11.82 2.39
2016-12-31 58.34 7.32 14.85
2016-09-30 58.34 7.32 14.85
2016-06-30 52.05 5.12 4.33
2016-03-31 52.05 5.12 4.33
2015-12-31 32.23 18.85 20.10
2015-09-30 32.23 18.85 20.10
2015-06-30 26.30 16.16 0.07
2014-06-30 17.89 6.40 0.98
2013-06-30 13.57 7.00 2.05
  • Shaver Shop Group's level of debt (15.8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (42.5% vs 15.8% today).
  • Debt is well covered by operating cash flow (116.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 21.3x coverage).
X
Financial health checks
We assess Shaver Shop Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Shaver Shop Group has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Shaver Shop Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
9.67%
Current annual income from Shaver Shop Group dividends. Estimated to be 13.76% next year.
If you bought A$2,000 of Shaver Shop Group shares you are expected to receive A$193 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Shaver Shop Group's pays a higher dividend yield than the bottom 25% of dividend payers in Australia (2.51%).
  • Shaver Shop Group's dividend is above the markets top 25% of dividend payers in Australia (5.74%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:SSG Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Australia Specialty Retail Industry Average Dividend Yield Market Cap Weighted Average of 18 Stocks 4.6%
Australia Market Average Dividend Yield Market Cap Weighted Average of 415 Stocks 4%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.5%
Australia Bottom 25% Dividend Yield 25th Percentile 2.5%
Australia Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ASX:SSG Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2022-06-30 0.11 1.00
2021-06-30 0.05 2.00
2020-06-30 0.05 2.00
2019-06-30 0.05 2.00
ASX:SSG Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2019-02-20 0.044 10.788
2018-08-22 0.042 10.726
2017-08-23 0.048 9.943
2017-02-23 0.032 5.254

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Shaver Shop Group has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Shaver Shop Group only paid a dividend in the past 2 years.
Current Payout to shareholders
What portion of Shaver Shop Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (0.8x coverage).
X
Income/ dividend checks
We assess Shaver Shop Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Shaver Shop Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Shaver Shop Group has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Shaver Shop Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Cameron Fox
COMPENSATION A$592,301
TENURE AS CEO 11 years
CEO Bio

Mr. Cameron Fox has been Chief Executive Officer of Shaver Shop Group Limited and Shaver Shop Pty Ltd since July 2008 and also serves as its Managing Director. Mr. Fox has been an Executive Director at Shaver Shop Group Limited since June 6, 2016. He joined Shaver Shop in 2006 as General Manager of the store network. He previously worked for Gillette Australia in various roles, including Associate Product Manager, Territory Manager, Business Analyst, National Account Manager and National Sales Manager. He holds a Bachelor of Business (Marketing) from Monash University.

CEO Compensation
  • Cameron's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Cameron's remuneration is higher than average for companies of similar size in Australia.
Management Team Tenure

Average tenure of the Shaver Shop Group management team in years:

5.1
Average Tenure
  • The average tenure for the Shaver Shop Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Cameron Fox

TITLE
CEO, MD & Executive Director
COMPENSATION
A$592K
TENURE
11 yrs

Larry Hamson

TITLE
CFO & Company Secretary
COMPENSATION
A$409K
TENURE
3.3 yrs

Allana May

TITLE
Chief Marketing Officer
TENURE
0.5 yrs

Rita Najmeddine

TITLE
Director of Human Resources
TENURE
7 yrs
Board of Directors Tenure

Average tenure of the Shaver Shop Group board of directors in years:

3.1
Average Tenure
  • The tenure for the Shaver Shop Group board of directors is about average.
Board of Directors

Brodie Arnhold

TITLE
Independent Non-Executive Chairman
COMPENSATION
A$140K

Cameron Fox

TITLE
CEO, MD & Executive Director
COMPENSATION
A$592K
TENURE
3.1 yrs

Craig Mathieson

TITLE
Independent Non-Executive Director
COMPENSATION
A$80K
TENURE
8.2 yrs

Trent Peterson

TITLE
Independent Non-Executive Director
COMPENSATION
A$80K
TENURE
3.1 yrs

Brian Singer

TITLE
Independent Non-Executive Director
COMPENSATION
A$70K
TENURE
8.1 yrs

Melanie Wilson

TITLE
Independent Non-Executive Director
COMPENSATION
A$70K
TENURE
3.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
09. Apr 19 Buy Cameron Fox Individual 04. Apr 19 04. Apr 19 214,411 A$0.39 A$83,609
28. Dec 18 Sell Perpetual Limited Company 24. May 17 24. Dec 18 -9,994,782 A$0.46 A$-4,604,847
28. Dec 18 Buy Perpetual Limited Company 10. Apr 17 23. Aug 18 8,741,169 A$0.47 A$4,135,668
X
Management checks
We assess Shaver Shop Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Shaver Shop Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Why Shaver Shop Group Limited’s (ASX:SSG) Return On Capital Employed Might Be A Concern

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Shaver Shop Group: 0.12 = AU$8.9m ÷ (AU$113m - AU$37m) (Based on the trailing twelve months to December 2018.) Therefore, Shaver Shop Group has an ROCE of 12%. … Shaver Shop Group's Current Liabilities And Their Impact On Its ROCE Current liabilities include invoices, such as supplier payments, short-term debt, or a tax bill, that need to be paid within 12 months. … Shaver Shop Group has a middling amount of current liabilities, increasing its ROCE somewhat.

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What Type Of Shareholder Owns Shaver Shop Group Limited's (ASX:SSG)?

As Charlie Munger said 'Show me the incentive and I will show you the outcome.' Shaver Shop Group is not a large company by global standards. … See our latest analysis for Shaver Shop Group ASX:SSG Ownership Summary, June 29th 2019 What Does The Institutional Ownership Tell Us About Shaver Shop Group? … Insider Ownership Of Shaver Shop Group While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders.

Simply Wall St -

Is Shaver Shop Group Limited (ASX:SSG) A Good Dividend Stock?

Shaver Shop Group pays a 9.9% dividend yield, and has been paying dividends for the past two years. … However, it's also important to assess if earnings per share (EPS) are growing. Over the long term, dividends need to grow at or above the rate of inflation, in order to maintain the recipient's purchasing power. In the last five years, Shaver Shop Group's earnings per share have shrunk at approximately 31% per annum. If earnings continue to decline, the dividend may come under pressure. Every investor should make an assessment of whether the company is taking steps to stabilise the situation. Conclusion Dividend investors should always want to know if a) a company's dividends are affordable, b) if there is a track record of consistent payments, and c) if the dividend is capable of growing. … In this analysis, Shaver Shop Group doesn't shape up too well as a dividend stock.

Simply Wall St -

Does Shaver Shop Group Limited's (ASX:SSG) Stock Price Account For Its Growth?

But, seeing as Shaver Shop Group is perceived as a high-growth stock, we must also account for its earnings growth, which is captured in the PEG ratio. … A PE ratio of 9.53x and expected year-on-year earnings growth of 10% give Shaver Shop Group a low PEG ratio of 0.94x. … So, when we include the growth factor in our analysis, Shaver Shop Group appears fairly valued , based on the fundamentals.

Simply Wall St -

Volatility 101: Should Shaver Shop Group (ASX:SSG) Shares Have Dropped 13%?

While not a mind-blowing move, it is good to see that the Shaver Shop Group Limited (ASX:SSG) share price has gained 14% in the last three months. … ASX:SSG Past and Future Earnings, May 27th 2019 Dive deeper into Shaver Shop Group's key metrics by checking this interactive graph of Shaver Shop Group's earnings, revenue and cash flow. … As it happens, Shaver Shop Group's TSR for the last year was -2.9%, which exceeds the share price return mentioned earlier.

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Do You Like Shaver Shop Group Limited (ASX:SSG) At This P/E Ratio?

Shaver Shop Group has a price to earnings ratio of 8.57, based on the last twelve months. … View our latest analysis for Shaver Shop Group How Do I Calculate A Price To Earnings Ratio? … The formula for P/E is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Shaver Shop Group: P/E of 8.57 = A$0.41 ÷ A$0.047 (Based on the year to December 2018.) Is A High P/E Ratio Good?

Simply Wall St -

Are Investors Undervaluing Shaver Shop Group Limited (ASX:SSG) By 50%?

Today we will run through one way of estimating the intrinsic value of Shaver Shop Group Limited (ASX:SSG). … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model … Check out our latest analysis for Shaver Shop Group

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Is There More To Shaver Shop Group Limited (ASX:SSG) Than Its 12% Returns On Capital?

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Understanding Return On Capital Employed (ROCE). … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

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What Should You Know About The Future Of Shaver Shop Group Limited's (ASX:SSG)?

Since Shaver Shop Group Limited (ASX:SSG) released its earnings in December 2018,. … with profits predicted to increase by 24% next year … the past 5-year average growth rate of 1.9%

Simply Wall St -

Do Institutions Own Shaver Shop Group Limited (ASX:SSG) Shares?

The big shareholder groups in Shaver Shop Group Limited (ASX:SSG) have power over the company. … Shaver Shop Group is not a large company by global standards. … Check out our latest analysis for Shaver Shop Group

Simply Wall St -

Company Info

Description

Shaver Shop Group Limited engages in retailing specialist personal grooming products for men and women in Australia and New Zealand. The company offers electric shavers, beard trimmers, hair clippers, body groomers, and manual shavers; and oral care, massage, hair removal, hair styling, and beauty products. As of June 30, 2018, the company operated 106 corporate owned and 9 franchised stores. It also offers products through online. The company was formerly known as Lavomer Riah Holdings Pty Ltd and changed its name to Shaver Shop Group Limited in May 2016. Shaver Shop Group Limited was founded in 1986 and is based in Chadstone, Australia.

Details
Name: Shaver Shop Group Limited
SSG
Exchange: ASX
Founded: 1986
A$57,116,831
125,531,498
Website: http://www.shavershop.com.au
Address: Shaver Shop Group Limited
Chadstone Tower One,
Level 1,
Chadstone,
Victoria, 3148,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX SSG Class A Shares Australian Securities Exchange AU AUD 01. Jul 2016
CHIA SSG Class A Shares Chi-X Australia AU AUD 01. Jul 2016
Number of employees
Current staff
Staff numbers
736
Shaver Shop Group employees.
Industry
Specialty Stores
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/18 10:38
End of day share price update: 2019/07/18 00:00
Last estimates confirmation: 2019/06/05
Last earnings filing: 2019/02/20
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.