Computershare
Computershare Limited provides investor, plan, communication, business, stakeholder relationship management, and technology services worldwide. The last earnings update was 7 days ago. More info.
Add to Portfolio Compare Print
CPU Share Price and Events
7 Day Returns
1 Year Returns
CPU Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Computershare (CPU) | 1.6% | -0.7% | -1.8% | 0.9% | 97.4% | 52.1% |
| AU IT | 1.7% | 4% | 9.2% | 14.1% | 60.3% | 55.4% |
| AU Market | 0.7% | 4.7% | 6.7% | 1.6% | 24.9% | 4.2% |
1 Year Return vs Industry and Market
- CPU underperformed the IT industry which returned 14.1% over the past year.
Value
Is Computershare 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
Computershare
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Computershare.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 12 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 8.5% |
| 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.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year AU Govt Bond Rate | 2.3% |
| Equity Risk Premium | S&P Global | 7.7% |
| IT Unlevered Beta | Simply Wall St/ S&P Global | 0.61 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.61 (1 + (1- 30%) (28.42%)) |
0.731 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.8 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (0.8 * 7.69%) |
8.46% |
Discounted Cash Flow Calculation for ASX:CPU using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Computershare is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.
| 2019 | 2020 | 2021 | 2022 | 2023 | |
| Levered FCF (USD, Millions) | 312.50 | 397.40 | 403.75 | 534.53 | 553.33 |
| Source | Analyst x2 | Analyst x5 | Analyst x4 | Analyst x2 | Est @ 3.52% |
|
Present Value Discounted (@ 8.46%) |
288.12 | 337.81 | 316.43 | 386.24 | 368.62 |
| Present value of next 5 years cash flows | $1,697.22 |
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2023
× (1 + g) ÷ (Discount Rate – g)
= $553.33 × (1 + 2.31%) ÷ (8.46% – 2.31%) |
$9,204.58 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)5
= $9,204.58 ÷ (1 + 8.46%)5 |
$6,132.08 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 5 years cash flows +
Terminal Value
= $1,697.22 + $6,132.08 |
$7,829.30 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $7,829.30 / 542.96 |
$14.42 |
| Calculation | Result | |
|---|---|---|
| Exchange Rate | USD/AUD
(Reporting currency to currency of ASX:CPU) |
1.403 |
| Value per Share (AUD) |
= Value per Share in USD x Exchange Rate (USD/AUD)
= $14.42 x 1.403 |
A$20.24 |
| Value per share (AUD) | From above. | A$20.24 |
| Current discount | Discount to share price of
A$18.08
= -1 x (A$18.08 - A$20.24) / A$20.24 |
10.7% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Computershare's share price is below the future cash flow value, but not at a moderate discount (< 20%).
- Computershare's share price is below the future cash flow value, but not 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 Computershare's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Computershare's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in USD | $0.71 |
| ASX:CPU Share Price ** | ASX (2019-02-19) in AUD | A$18.08 |
| ASX:CPU Share Price converted to USD reporting currency | Exchange rate (AUD/ USD) 0.713 | $12.88 |
| Australia IT Industry PE Ratio | Median Figure of 17 Publicly-Listed IT Companies | 18.02x |
| Australia Market PE Ratio | Median Figure of 559 Publicly-Listed Companies | 15.9x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Computershare.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = ASX:CPU Share Price ÷ EPS (both in USD) = 12.88 ÷ 0.71 |
18.02x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Computershare is overvalued based on earnings compared to the AU IT industry average.
- Computershare is overvalued based on earnings compared to the Australia market.
Price based on expected Growth
Does
Computershare's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 18.02x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts |
2%per year |
| Australia IT Industry PEG Ratio | Median Figure of 15 Publicly-Listed IT Companies | 1.12x |
| Australia Market PEG Ratio | Median Figure of 361 Publicly-Listed Companies | 1.43x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 18.02x ÷ 2% |
8.96x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Computershare is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Computershare's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in USD | $2.71 |
| ASX:CPU Share Price * | ASX (2019-02-19) in AUD | A$18.08 |
| ASX:CPU Share Price converted to USD reporting currency | Exchange rate (AUD/ USD) 0.713 | $12.88 |
| Australia IT Industry PB Ratio | Median Figure of 31 Publicly-Listed IT Companies | 2.14x |
| Australia Market PB Ratio | Median Figure of 1,664 Publicly-Listed Companies | 1.64x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = ASX:CPU Share Price ÷ Book Value per Share (both in USD) = 12.88 ÷ 2.71 |
4.75x |
* Primary Listing of Computershare.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Computershare is overvalued based on assets compared to the AU IT industry average.
Value checks
We assess Computershare's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the IT industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the IT industry average (and greater than 0)? (1 check) Computershare has a total score of 0/6, 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
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!
Earnings growth vs Low Risk Savings
- Computershare's earnings growth is positive but not above the low risk savings rate of 2.3%.
Growth vs Market Checks
- Computershare's earnings growth is positive but not above the Australia market average.
- Computershare's revenue growth is positive but not above the Australia market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| ASX:CPU Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts | 2% |
| ASX:CPU Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts | 2.3% |
| Australia IT Industry Earnings Growth Rate | Market Cap Weighted Average | 18.6% |
| Australia IT Industry Revenue Growth Rate | Market Cap Weighted Average | 12.2% |
| Australia Market Earnings Growth Rate | Market Cap Weighted Average | 5.9% |
| Australia Market Revenue Growth Rate | Market Cap Weighted Average | 2.4% |
*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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 12 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-06-30 | ||||
| 2022-06-30 | 2,479 | 450 | 1 | |
| 2021-06-30 | 2,488 | 474 | 408 | 8 |
| 2020-06-30 | 2,437 | 497 | 368 | 11 |
| 2019-06-30 | 2,355 | 394 | 414 | 10 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 2,410 | 378 | 388 |
| 2018-09-30 | 2,354 | 446 | 344 |
| 2018-06-30 | 2,298 | 514 | 300 |
| 2018-03-31 | 2,240 | 496 | 294 |
| 2017-12-31 | 2,183 | 478 | 287 |
| 2017-09-30 | 2,147 | 468 | 277 |
| 2017-06-30 | 2,110 | 458 | 266 |
| 2017-03-31 | 2,099 | 487 | 245 |
| 2016-12-31 | 2,088 | 515 | 223 |
| 2016-09-30 | 2,026 | 410 | 190 |
| 2016-06-30 | 1,964 | 305 | 157 |
| 2016-03-31 | 1,956 | 252 | 190 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 12 Analyst Estimates (S&P Global) | See Below |
All data from Computershare Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-06-30 | ||||
| 2022-06-30 | 0.79 | 0.79 | 0.79 | 1.00 |
| 2021-06-30 | 0.76 | 0.85 | 0.70 | 5.00 |
| 2020-06-30 | 0.68 | 0.78 | 0.63 | 8.00 |
| 2019-06-30 | 0.77 | 0.84 | 0.63 | 7.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-12-31 | 0.71 |
| 2018-09-30 | 0.63 |
| 2018-06-30 | 0.55 |
| 2018-03-31 | 0.54 |
| 2017-12-31 | 0.53 |
| 2017-09-30 | 0.51 |
| 2017-06-30 | 0.49 |
| 2017-03-31 | 0.45 |
| 2016-12-31 | 0.41 |
| 2016-09-30 | 0.35 |
| 2016-06-30 | 0.29 |
| 2016-03-31 | 0.34 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Computershare's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Computershare has a total score of 1/6, 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 Computershare 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
Past Earnings growth analysis
- Computershare's year on year earnings growth rate has been positive over the past 5 years.
- Computershare's 1-year earnings growth exceeds its 5-year average (35% vs 14.1%)
- Computershare's earnings growth has not exceeded the AU IT industry average in the past year (35% vs 40.7%).
Earnings and Revenue History
All data from Computershare Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 2,409.67 | 388.20 | 29.53 | |
| 2018-09-30 | 2,353.65 | 344.13 | 28.74 | |
| 2018-06-30 | 2,297.64 | 300.06 | 27.95 | |
| 2018-03-31 | 2,240.36 | 293.77 | 26.73 | |
| 2017-12-31 | 2,183.07 | 287.48 | 25.50 | |
| 2017-09-30 | 2,146.74 | 276.94 | 24.32 | |
| 2017-06-30 | 2,110.42 | 266.40 | 23.15 | |
| 2017-03-31 | 2,099.37 | 244.81 | 22.47 | |
| 2016-12-31 | 2,088.32 | 223.23 | 21.79 | |
| 2016-09-30 | 2,026.34 | 190.28 | 21.92 | |
| 2016-06-30 | 1,964.37 | 157.33 | 22.05 | |
| 2016-03-31 | 1,956.17 | 189.83 | 19.93 | |
| 2015-12-31 | 1,947.98 | 222.33 | 17.81 | |
| 2015-09-30 | 1,959.62 | 187.95 | 16.48 | |
| 2015-06-30 | 1,971.25 | 153.58 | 15.15 | |
| 2015-03-31 | 1,985.10 | 140.52 | 15.52 | |
| 2014-12-31 | 1,998.94 | 127.46 | 15.90 | |
| 2014-09-30 | 2,007.03 | 189.43 | 16.10 | |
| 2014-06-30 | 2,015.11 | 251.40 | 16.29 | |
| 2014-03-31 | 2,015.55 | 226.63 | 13.78 | |
| 2013-12-31 | 2,015.98 | 201.86 | 11.27 | |
| 2013-09-30 | 2,017.96 | 179.44 | 14.25 | |
| 2013-06-30 | 2,019.95 | 157.01 | 17.24 | |
| 2013-03-31 | 2,014.78 | 156.49 | 24.56 | |
| 2012-12-31 | 2,009.60 | 155.96 | 31.89 | |
| 2012-09-30 | 1,908.39 | 164.41 | 32.55 | |
| 2012-06-30 | 1,807.17 | 172.86 | 33.22 | |
| 2012-03-31 | 1,709.14 | 215.78 | 29.74 |
*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.
- Whilst Computershare has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
- Computershare used its assets more efficiently than the AU IT industry average last year based on Return on Assets.
- Computershare has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Computershare's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the IT industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Computershare has a total score of 4/6, 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 Computershare'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 Computershare's finances.
The net worth of a company is the difference between its assets and liabilities.
- Computershare is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Computershare's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Debt is not covered by short term assets, assets are 0.7x 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.
All data from Computershare Company Filings, last reported 1 month ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 1,474.13 | 1,988.03 | 539.71 |
| 2018-09-30 | 1,474.13 | 1,988.03 | 539.71 |
| 2018-06-30 | 1,333.40 | 1,481.14 | 511.79 |
| 2018-03-31 | 1,333.40 | 1,481.14 | 511.79 |
| 2017-12-31 | 1,301.49 | 1,634.72 | 527.49 |
| 2017-09-30 | 1,301.49 | 1,634.72 | 527.49 |
| 2017-06-30 | 1,237.03 | 1,573.07 | 498.01 |
| 2017-03-31 | 1,237.03 | 1,573.07 | 498.01 |
| 2016-12-31 | 1,151.48 | 1,795.43 | 585.94 |
| 2016-09-30 | 1,151.48 | 1,795.43 | 585.94 |
| 2016-06-30 | 1,106.53 | 1,863.31 | 547.34 |
| 2016-03-31 | 1,106.53 | 1,863.31 | 547.34 |
| 2015-12-31 | 1,111.20 | 1,881.26 | 499.45 |
| 2015-09-30 | 1,111.20 | 1,881.26 | 499.45 |
| 2015-06-30 | 1,177.64 | 1,769.10 | 555.90 |
| 2015-03-31 | 1,177.64 | 1,769.10 | 555.90 |
| 2014-12-31 | 1,122.41 | 1,695.29 | 439.82 |
| 2014-09-30 | 1,122.41 | 1,695.29 | 439.82 |
| 2014-06-30 | 1,267.21 | 1,659.25 | 465.42 |
| 2014-03-31 | 1,267.21 | 1,659.25 | 465.42 |
| 2013-12-31 | 1,198.50 | 1,721.00 | 668.25 |
| 2013-09-30 | 1,198.50 | 1,721.00 | 668.25 |
| 2013-06-30 | 1,130.94 | 1,711.66 | 458.61 |
| 2013-03-31 | 1,130.94 | 1,711.66 | 458.61 |
| 2012-12-31 | 1,188.29 | 1,781.71 | 446.20 |
| 2012-09-30 | 1,188.29 | 1,781.71 | 446.20 |
| 2012-06-30 | 1,154.34 | 1,754.80 | 445.75 |
| 2012-03-31 | 1,154.34 | 1,754.80 | 445.75 |
- Computershare's level of debt (134.9%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (143.4% vs 134.9% today).
- Debt is not well covered by operating cash flow (19%, less than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 9.1x coverage).
Financial health checks
We assess Computershare's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Computershare has a total score of 3/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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 Computershare'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
If you bought
A$2,000 of
Computershare
shares you are expected to receive
A$46
in your first year as a dividend.
Dividend Amount
- Computershare's pays a lower dividend yield than the bottom 25% of dividend payers in Australia (2.74%).
- Computershare's dividend is below the markets top 25% of dividend payers in Australia (6.08%).
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.
| 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 12 Analyst Estimates (S&P Global) | See Below |
| Australia IT Industry Average Dividend Yield | Market Cap Weighted Average of 11 Stocks | 2.4% |
| Australia Market Average Dividend Yield | Market Cap Weighted Average of 420 Stocks | 4.4% |
| Australia Minimum Threshold Dividend Yield | 10th Percentile | 1.6% |
| Australia Bottom 25% Dividend Yield | 25th Percentile | 2.7% |
| Australia Top 25% Dividend Yield | 75th Percentile | 6.1% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-06-30 | ||
| 2022-06-30 | 0.41 | 1.00 |
| 2021-06-30 | 0.39 | 10.00 |
| 2020-06-30 | 0.37 | 13.00 |
| 2019-06-30 | 0.32 | 12.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-02-12 | 0.298 | 2.292 |
| 2018-08-14 | 0.294 | 2.253 |
| 2018-02-13 | 0.275 | 2.136 |
| 2017-08-15 | 0.285 | 2.472 |
| 2017-02-14 | 0.250 | 2.390 |
| 2016-09-20 | 0.244 | 2.944 |
| 2016-08-09 | 0.254 | 3.408 |
| 2016-02-09 | 0.227 | 3.320 |
| 2015-08-11 | 0.219 | 2.978 |
| 2015-02-10 | 0.218 | 2.418 |
| 2014-09-22 | 0.232 | 2.552 |
| 2014-08-12 | 0.266 | 2.463 |
| 2014-02-11 | 0.250 | 2.263 |
| 2013-09-23 | 0.244 | 2.605 |
| 2013-08-13 | 0.249 | 2.834 |
| 2013-02-12 | 0.249 | 2.748 |
| 2012-09-27 | 0.285 | 3.120 |
| 2012-08-07 | 0.285 | 3.323 |
| 2012-02-21 | 0.271 | 3.516 |
| 2011-08-10 | 0.264 | 3.646 |
| 2011-02-09 | 0.275 | 3.103 |
| 2010-08-10 | 0.246 | 2.792 |
| 2010-02-09 | 0.228 | 2.459 |
| 2009-08-12 | 0.181 | 2.023 |
| 2009-02-20 | 0.139 | 2.540 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
- Dividends per share have increased over the past 10 years.
Income/ dividend checks
We assess Computershare's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Computershare afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Computershare has a total score of 3/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | $3,335,335 |
| AGE | 47 |
| TENURE AS CEO | 4.6 years |
CEO Bio
Mr. Stuart James Irving has been the Chief Executive Officer, President and Executive Director of Computershare Limited since July 1, 2014 and served as its Chief Information Officer since 2008. Mr. Irving held a number of roles at The Royal Bank of Scotland before joining Computershare in 1998 as IT Development Manager in the UK. Mr. Irving worked in South Africa, Canada and the USA before becoming Chief Information Officer for North America in 2005. He was responsible for leading all aspects of Computershare’s global information technology infrastructure and line-of-business application management. He has been the Chairman of Karvy Computershare Private Limited since April 18, 2017. He has been a Director of Karvy Computershare Private Limited since April 07, 2016. He serves as a Director of SETL Development Ltd.
CEO Compensation
- Stuart's compensation has increased by more than 20% in the past year.
- Stuart's remuneration is about average for companies of similar size in Australia.
Management Team Tenure
Average tenure of the Computershare management team in years:
- The tenure for the Computershare management team is about average.
Management Team
Stuart Irving
CEO, President & Executive Director
$3M
47
4.6 yrs
Mark Davis
Chief Financial Officer
$2M
5.6 yrs
Mark McDougall
Chief Information Officer
$1M
4.6 yrs
Steve Rothbloom
CEO & President of North America for Computershare Inc (US)
$2M
Paul Conn
President of Global Capital Markets - Computershare Inc (US)
$1M
13.1 yrs
Naz Sarkar
President of UK
$1M
Steffen H. Herfurth
President of Continental Europe for CPU Deutschland GmbH & Co KG
$849K
Scott Cameron
President of Australia & New Zealand - Computershare Investor Services Pty Ltd
$808K
Stuart Swartz
CEO & President - Computershare Trust Company of Canada
$825K
4.3 yrs
CP Yap
President & CEO of Computershare Asia
$629K
0.8 yrs
Board of Directors Tenure
Average tenure and age of the Computershare board of directors in years:
- The tenure for the Computershare board of directors is about average.
Board of Directors
Simon Jones
Chairman of the Board
$272K
62
3.3 yrs
Stuart Irving
CEO, President & Executive Director
$3M
47
4.6 yrs
Chris Morris
Non-Executive Director
$116K
70
8.4 yrs
Tiffany Fuller
Non-Executive Director
$175K
48
4.3 yrs
Joe Velli
Non-Executive Director
$160K
60
4.3 yrs
Abi Cleland
Independent Non-Executive Director
$44K
44
1 yrs
Lisa Gay
Independent Non-Executive Director
$51K
56
1 yrs
Paul Reynolds
Independent Non Executive Director
61
0.3 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (A$) | Value (A$) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 29. Nov 18 | Buy | BlackRock, Inc. | Company | 31. Jul 18 | 28. Nov 18 | 3,436,112 | A$20.71 | A$70,279,739 | ||
| 23. Nov 18 | Sell | Challenger Limited | Company | 21. Nov 18 | 21. Nov 18 | -618,000 | A$18.41 | A$-11,380,160 | ||
| 22. Nov 18 | Sell | Challenger Limited | Company | 07. Nov 18 | 20. Nov 18 | -554,215 | A$19.91 | A$-11,031,982 | ||
| 22. Nov 18 | Buy | Challenger Limited | Company | 16. Nov 18 | 20. Nov 18 | 1,251,802 | A$19.14 | A$23,962,992 | ||
| 07. Nov 18 | Sell | Challenger Limited | Company | 26. Apr 18 | 02. Nov 18 | -5,502,848 | A$19.18 | A$-105,558,650 | ||
| 07. Nov 18 | Buy | Challenger Limited | Company | 23. Apr 18 | 01. Nov 18 | 3,980,548 | A$18.58 | A$73,947,220 | ||
| 04. Sep 18 | Sell | Penelope Maclagan | Individual | 04. Sep 18 | 04. Sep 18 | -25,000 | A$18.92 | A$-473,089 | ||
| 02. Sep 18 | Sell | Finico Pty. Ltd., Asset Management Arm | Company | 16. Aug 18 | 31. Aug 18 | -2,100,000 | A$19.28 | A$-40,076,601 | ||
| 21. Aug 18 | Sell | UBS Asset Management | Company | 16. Aug 18 | 17. Aug 18 | -821,653 | A$19.15 | A$-15,729,471 | ||
| 21. Aug 18 | Buy | UBS Asset Management | Company | 16. Aug 18 | 17. Aug 18 | 1,004,236 | A$19.15 | A$19,232,818 | ||
| 27. Aug 18 | Buy | Lisa Gay | Individual | 27. Aug 18 | 27. Aug 18 | 2,672 | A$18.71 | A$49,993 | ||
| 24. Apr 18 | Buy | Challenger Limited | Company | 19. Apr 18 | 20. Apr 18 | 313,000 | A$17.43 | A$5,305,540 | ||
| 20. Apr 18 | Sell | Challenger Limited | Company | 18. Apr 18 | 18. Apr 18 | -68,800 | A$17.54 | A$-1,206,731 | ||
| 18. Apr 18 | Sell | Challenger Limited | Company | 15. Feb 18 | 05. Apr 18 | -1,140,204 | A$17.76 | A$-20,253,360 | ||
| 18. Apr 18 | Buy | Challenger Limited | Company | 28. Feb 18 | 16. Apr 18 | 1,216,798 | A$17.44 | A$21,218,117 | ||
| 13. Mar 18 | Buy | Abigail Cleland | Individual | 08. Mar 18 | 08. Mar 18 | 11,500 | A$17.62 | A$202,630 | ||
| 27. Feb 18 | Buy | Lisa Gay | Individual | 26. Feb 18 | 26. Feb 18 | 11,031 | A$18.12 | A$199,855 | ||
| 22. Feb 18 | Sell | Finico Pty. Ltd., Asset Management Arm | Company | 21. Feb 18 | 21. Feb 18 | -250,000 | A$18.02 | A$-4,504,060 | ||
| 22. Feb 18 | Sell | Penelope Maclagan | Individual | 21. Feb 18 | 22. Feb 18 | -250,000 | A$18.12 | A$-4,530,861 | ||
Management checks
We assess Computershare's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Computershare 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
What Can We Make Of Computershare Limited’s (ASX:CPU) High Return 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). … The formula for calculating the return on capital employed is:
Simply Wall St - – Full articleComputershare Limited (ASX:CPU): A Fundamentally Attractive Investment
Participate in a short research study and receive a 6-month subscription to the award winning Simply Wall St research tool (valued at $60)! … Computershare Limited (ASX:CPU) is a company with exceptional fundamental characteristics. … company with
Simply Wall St - – Full articleBefore Investing In Computershare Limited (ASX:CPU), Consider This
If you are currently a shareholder in Computershare Limited (ASX:CPU), or considering investing in the stock, you need to examine how the business generates cash, and how it is reinvested. … Today we will examine Computershare’s ability to generate cash flows, as well as the level of capital expenditure it is expected to incur over the next couple of years, which will result in how much money goes to you. … Free cash flow (FCF) is the amount of cash Computershare has left after it pays off its expenses, including its net capital expenditures, which is what the company needs to spend each year to maintain or grow its business operations.
Simply Wall St - – Full articleWill Computershare Limited's (ASX:CPU) Earnings Grow In The Years Ahead?
The latest earnings update Computershare Limited (ASX:CPU) released in June 2018a … suggested
Simply Wall St - – Full articleWhat Should You Know About The Future Of Computershare Limited's (ASX:CPU)?
Based on Computershare Limited's (ASX:CPU) earnings update in June 2018,. … with earnings expected to grow by 18% in the upcoming year … the past 5-year average growth rate of 11%
Simply Wall St - – Full articleCan Computershare Limited's (ASX:CPU) ROE Continue To Surpass The Industry Average?
Computershare has a ROE of 23%, based on the last twelve months. … That means that for every A$1 worth of shareholders' equity, it generated A$0.23 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleDo You Know What Computershare Limited's (ASX:CPU) P/E Ratio Means?
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … Price to Earnings Ratio = Share Price (in reporting currency) ÷ Earnings per Share (EPS) … P/E of 21.89 = $12.08 (Note: this is the share price in the reporting currency, namely, USD ) ÷ $0.55
Simply Wall St - – Full articleHave Insiders Been Selling Computershare Limited (ASX:CPU) Shares?
So we'll take a look at whether insiders have been buying or selling shares in Computershare Limited (ASX:CPU). … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … Over the last year, we can see that the biggest insider sale was by Penelope Maclagan for AU$4.5m worth of shares, at about AU$18.12 per share.
Simply Wall St - – Full articleAn Intrinsic Calculation For Computershare Limited (ASX:CPU) Shows It's 27.64% Undervalued
by estimating the company's future cash flows and discounting them to their present value. … discounted cash flows (DCF). … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model
Simply Wall St - – Full articleComputershare Limited (ASX:CPU): Assessing Capital Returns
and want a simplistic look at the return on Computershare Limited (ASX:CPU) stock. … Your equity share is granted in return for the capital provided to the business to operate, and in order for an investment to be successful the business has to create earnings from the funds that make up this capital. … To understand Computershare’s capital returns we will look at a useful metric called return on capital employed.
Simply Wall St - – Full articleCompany Info
Map
Description
Computershare Limited provides investor, plan, communication, business, stakeholder relationship management, and technology services worldwide. The company’s investor services comprise the provision of registry maintenance and related services; plan services operations include the provision of administration and related services for employee share and option plans; and communication services consist of document composition and printing, intelligent mailing, inbound process automation, scanning, and electronic delivery. Its business services operations include the provision of corporate trust, class action, bankruptcy, childcare voucher administration, tenant bond protection, utilities administration, and mutual fund administration support services, as well as mortgage servicing activities; and stakeholder relationship management services group offers investor analysis, investor communication and management, and information services to companies, including their employees, shareholders, and other security industry participants. The company’s technology services consist of the provision of software in share registry and financial services. It also offers transfer agencies, licensed dealers, and deposit protection services. The company was founded in 1978 and is headquartered in Abbotsford, Australia.
Details
| Name: | Computershare Limited |
| CPU | |
| Exchange: | ASX |
| Founded: | 1978 |
| A$9,816,642,093 | |
| 542,955,868 | |
| Website: | http://www.computershare.com |
| Address: |
Computershare Limited Yarra Falls, 452 Johnston Street, Abbotsford, Victoria, 3067, Australia |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| ASX | CPU | Ordinary Shares | Australian Securities Exchange | AU | AUD | 02. Jun 1994 | |
| OTCPK | CMSQ.F | Ordinary Shares | Pink Sheets LLC | US | USD | 02. Jun 1994 | |
| DB | QCH | Ordinary Shares | Deutsche Boerse AG | DE | EUR | 02. Jun 1994 | |
| CHIA | CPU | Ordinary Shares | Chi-X Australia | AU | AUD | 02. Jun 1994 | |
| OTCPK | CMSQ.Y | SPONSORED ADR | Pink Sheets LLC | US | USD | 06. Jul 2004 |
Number of employees
Current staff
Industry
| Data Processing and Outsourced Services | |
| Software |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/02/19 10:32 |
| End of day share price update: | 2019/02/19 00:00 |
| Last estimates confirmation: | 2019/02/19 |
| Last earnings filing: | 2019/02/12 |
| 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.
