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P2P Transport

ASX:P2P
Snowflake Description

Reasonable growth potential and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
P2P
ASX
A$14M
Market Cap
  1. Home
  2. AU
  3. Transportation
Company description

P2P Transport Limited, an integrated fleet management company, provides vehicles on a rental basis to independent professional drivers in the point-to-point passenger transport industry. The last earnings update was 85 days ago. More info.


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  • P2P Transport has significant price volatility in the past 3 months.
P2P Share Price and Events
7 Day Returns
-5.6%
ASX:P2P
1.8%
Oceania Transportation
2.5%
AU Market
1 Year Returns
-87.1%
ASX:P2P
14.5%
Oceania Transportation
5%
AU Market
P2P Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
P2P Transport (P2P) -5.6% -35.8% -66.7% -87.1% - -
Oceania Transportation 1.8% 7.8% 8.9% 14.5% 68.6% 69.4%
AU Market 2.5% 2.4% 4.8% 5% 19.3% 8.7%
1 Year Return vs Industry and Market
  • P2P underperformed the Transportation industry which returned 14.5% over the past year.
  • P2P underperformed the Market in Australia which returned 5% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

P2P Value

 Is P2P Transport 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 P2P Transport 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 P2P Transport.

ASX:P2P Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.2%
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:P2P
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Transportation Unlevered Beta Simply Wall St/ S&P Global 0.99
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.992 (1 + (1- 30%) (72.28%))
1.331
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.33
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (1.331 * 5.96%)
10.24%

Discounted Cash Flow Calculation for ASX:P2P using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for P2P Transport 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:P2P DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 10.24%)
2019 -2.00 Analyst x1 -1.81
2020 4.00 Analyst x1 3.29
2021 9.00 Analyst x1 6.72
2022 13.91 Est @ 54.58% 9.42
2023 19.32 Est @ 38.9% 11.87
2024 24.72 Est @ 27.92% 13.77
2025 29.72 Est @ 20.24% 15.02
2026 34.14 Est @ 14.86% 15.65
2027 37.93 Est @ 11.1% 15.77
2028 41.13 Est @ 8.46% 15.51
Present value of next 10 years cash flows A$105.19
ASX:P2P DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= A$41.13 × (1 + 2.31%) ÷ (10.24% – 2.31%)
A$530.66
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$530.66 ÷ (1 + 10.24%)10
A$200.13
ASX:P2P Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$105.19 + A$200.13
A$305.32
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$305.32 / 85.25
A$3.58
ASX:P2P Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$3.58
Current discount Discount to share price of A$0.17
= -1 x (A$0.17 - A$3.58) / A$3.58
95.3%

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

Current Discount
Amount off the current price P2P Transport is available for.
Intrinsic value
>50%
Share price is A$0.17 vs Future cash flow value of A$3.58
Current Discount Checks
For P2P Transport to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • P2P Transport's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • P2P Transport'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 P2P Transport's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are P2P Transport's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:P2P PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$-0.18
ASX:P2P Share Price ** ASX (2019-05-24) in AUD A$0.17
Oceania Transportation Industry PE Ratio Median Figure of 5 Publicly-Listed Transportation Companies 15.02x
Australia Market PE Ratio Median Figure of 542 Publicly-Listed Companies 16.39x

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

** Primary Listing of P2P Transport.

ASX:P2P PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:P2P Share Price ÷ EPS (both in AUD)

= 0.17 ÷ -0.18

-0.94x

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

  • P2P Transport is loss making, we can't compare its value to the Oceania Transportation industry average.
  • P2P Transport is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does P2P Transport's expected growth come at a high price?
Raw Data
ASX:P2P PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.94x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
74%per year
Global Transportation Industry PEG Ratio Median Figure of 54 Publicly-Listed Transportation Companies 1.66x
Australia Market PEG Ratio Median Figure of 358 Publicly-Listed Companies 1.43x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for P2P Transport, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on P2P Transport's assets?
Raw Data
ASX:P2P PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$0.23
ASX:P2P Share Price * ASX (2019-05-24) in AUD A$0.17
Oceania Transportation Industry PB Ratio Median Figure of 6 Publicly-Listed Transportation Companies 1.73x
Australia Market PB Ratio Median Figure of 1,680 Publicly-Listed Companies 1.66x
ASX:P2P PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:P2P Share Price ÷ Book Value per Share (both in AUD)

= 0.17 ÷ 0.23

0.73x

* Primary Listing of P2P Transport.

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

  • P2P Transport is good value based on assets compared to the Oceania Transportation industry average.
X
Value checks
We assess P2P Transport'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 Transportation 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 Transportation industry average (and greater than 0)? (1 check)
  5. P2P Transport has a total score of 3/6, 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.

P2P Future Performance

 How is P2P Transport expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
74%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is P2P Transport expected to grow at an attractive rate?
  • P2P Transport's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • P2P Transport's earnings growth is expected to exceed the Australia market average.
  • P2P Transport's revenue growth is expected to exceed the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:P2P Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:P2P Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 74%
ASX:P2P Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 15.4%
Global Transportation Industry Earnings Growth Rate Market Cap Weighted Average 7.1%
Oceania Transportation Industry Revenue Growth Rate Market Cap Weighted Average 2%
Australia Market Earnings Growth Rate Market Cap Weighted Average 6.9%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.2%

*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:P2P Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:P2P Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-06-30 105 5 1
2021-06-30 94 14 8 1
2020-06-30 89 11 4 1
2019-06-30 79 7 0 1
ASX:P2P Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 52 -9 -15
2018-09-30 42 -9 -26
2018-06-30 33 -9 -38
2018-03-31 26 -4 -32
2017-12-31 19 0 -27
2017-09-30 14 1 -13
2017-06-30 9 2 0
2016-06-30 15 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • P2P Transport's earnings are expected to grow significantly at over 20% yearly.
  • P2P Transport's revenue is expected to grow by 15.4% 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:P2P Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from P2P Transport Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:P2P Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-06-30 0.06 0.06 0.06 1.00
2021-06-30 0.11 0.11 0.11 1.00
2020-06-30 0.06 0.06 0.06 1.00
2019-06-30 0.00 0.00 0.00 1.00
ASX:P2P Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 -0.18
2018-09-30 -0.38
2018-06-30 -0.64
2018-03-31 -0.41
2017-12-31 -0.68
2017-09-30 -0.17
2017-06-30 0.00
2016-06-30

*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.
  • P2P Transport is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess P2P Transport'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 Global market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Oceania 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.
P2P Transport has a total score of 4/6, 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.

P2P Past Performance

  How has P2P Transport 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 P2P Transport's growth in the last year to its industry (Transportation).
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.
  • P2P Transport does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare P2P Transport's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare P2P Transport's 1-year growth to the Global Transportation industry average as it is not currently profitable.
Earnings and Revenue History
P2P Transport'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 P2P Transport Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:P2P 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 52.24 -14.53 22.17
2018-09-30 42.47 -26.20 19.46
2018-06-30 32.71 -37.86 16.74
2018-03-31 26.00 -32.19 4.71
2017-12-31 19.30 -26.52 3.01
2017-09-30 14.11 -13.23 2.04
2017-06-30 8.92 0.05 1.08
2016-06-30 14.97 0.20 1.48
2015-06-30 13.39 -0.19 1.56

*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.
  • It is difficult to establish if P2P Transport has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if P2P Transport has efficiently used its assets last year compared to the Oceania Transportation industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if P2P Transport improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess P2P Transport'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 Transportation 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.
P2P Transport has a total score of 0/6, 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.

P2P Health

 How is P2P Transport'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 P2P Transport's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • P2P Transport's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • P2P Transport's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of P2P Transport'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 1.2x 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 P2P Transport Company Filings, last reported 4 months ago.

ASX:P2P Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 19.45 10.48 1.51
2018-09-30 19.45 10.48 1.51
2018-06-30 18.29 6.74 3.62
2018-03-31 18.29 6.74 3.62
2017-12-31 29.41 3.82 15.17
2017-09-30 29.41 3.82 15.17
2017-06-30 6.11 1.55 0.06
2016-06-30
2015-06-30
  • P2P Transport's level of debt (53.9%) compared to net worth is high (greater than 40%).
  • Unable to establish if P2P Transport's debt level has increased without past 5-year debt data.
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.

  • P2P Transport has less than a year of cash runway based on current free cash flow.
  • P2P Transport has less than a year of cash runway if free cash flow continues to grow at historical rates of 136.3% each year.
X
Financial health checks
We assess P2P Transport'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. P2P Transport has a total score of 1/6, 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.

P2P Dividends

 What is P2P Transport'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
0%
Current annual income from P2P Transport dividends.
If you bought A$2,000 of P2P Transport shares you are expected to receive A$0 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?
  • Unable to evaluate P2P Transport's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate P2P Transport's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:P2P 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 1 Analyst Estimates (S&P Global) See Below
Oceania Transportation Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 4.8%
Australia Market Average Dividend Yield Market Cap Weighted Average of 414 Stocks 4.2%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.5%
Australia Bottom 25% Dividend Yield 25th Percentile 2.6%
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:P2P Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2022-06-30
2021-06-30
2020-06-30
2019-06-30

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

  • Unable to perform a dividend volatility check as P2P Transport has not reported any payouts.
  • Unable to verify if P2P Transport's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of P2P Transport's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as P2P Transport has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess P2P Transport'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 P2P Transport afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. P2P Transport has a total score of 0/6, see the detailed checks below.


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

P2P Management

 What is the CEO of P2P Transport'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
Greg Webb
TENURE AS CEO 0.1 years
CEO Bio

Mr. Gregory David Webb also known as Greg, FAICD, FAIM, MCIT has been Managing Director and Director at Black & White Cabs Pty Ltd. since June 1996. Mr. Webb has been Executive Director and Head of Network Services Division at P2P Transport Ltd since August 3, 2018 and serves as its Interim CEO since April 23, 2019. Mr. Webb is an experienced Business Administrator with extensive knowledge in financial analysis. Associated with the taxi industry since 1982, a taxi license owner and a Director & Shareholder of Delta Taxi Management Pty Ltd and Black & White Taxi Management Pty Ltd (two large Brisbane taxi fleet operators). He awarded Transport Achiever of the Year for 2003 by the Chartered Institute of Logistics and Transport. Chairman of Taxi Industry (Australia) Insurance Brokers Pty Ltd and Board member of ABC Bodyworks Pty Ltd. He is a fellow of the Australian Institute of Company Directors, Fellow of the Australian Institute of Management, Fellow of the Chartered Institute of Logistics and Transport and a Licensed Motor Dealer.

CEO Compensation
  • Insufficient data for Greg to compare compensation growth.
  • Insufficient data for Greg to establish whether their remuneration is reasonable compared to companies of similar size in Australia.
Management Team Tenure

Average tenure of the P2P Transport management team in years:

0.1
Average Tenure
  • The average tenure for the P2P Transport management team is less than 2 years, this suggests a new team.
Management Team

Matthew Turner

TITLE
Chief Financial Officer
COMPENSATION
A$571K

Bruno D'Amico

TITLE
Chief Operating Officer
COMPENSATION
A$317K

Harry Katsiabanis

TITLE
Executive Director
COMPENSATION
A$317K
TENURE
0.1 yrs

Greg Webb

TITLE
Interim CEO
TENURE
0.1 yrs

Michelle Nichols

TITLE
Chief Marketing Officer
TENURE
0.1 yrs

Hasaka Martin

TITLE
Company Secretary
TENURE
1.5 yrs
Board of Directors Tenure

Average tenure of the P2P Transport board of directors in years:

1.1
Average Tenure
  • The average tenure for the P2P Transport board of directors is less than 3 years, this suggests a new board.
Board of Directors

Chip Beng Yeoh

TITLE
Interim Chairman
COMPENSATION
A$42K
TENURE
0.1 yrs

Harry Katsiabanis

TITLE
Executive Director
COMPENSATION
A$317K
TENURE
2.2 yrs

Greg Webb

TITLE
Interim CEO
TENURE
0.8 yrs

Peter Cook

TITLE
Non-Executive Director
COMPENSATION
A$42K
AGE
58
TENURE
1.5 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by P2P Transport insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
03. May 19 Buy Gregory Webb Individual 03. May 19 03. May 19 75,255 A$0.29 A$21,674
01. May 19 Buy Harry Katsiabanis Individual 01. May 19 01. May 19 24,083 A$0.30 A$7,225
30. Apr 19 Buy Chip Beng Yeoh Individual 29. Apr 19 29. Apr 19 100,000 A$0.28 A$26,825
29. Apr 19 Buy Gregory Webb Individual 24. Apr 19 26. Apr 19 124,745 A$0.29 A$35,552
11. Jan 19 Sell Regal Funds Management Pty Limited Company 03. Sep 18 09. Jan 19 -579,324 A$0.66 A$-380,396
X
Management checks
We assess P2P Transport'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. P2P Transport 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.

P2P News

Simply Wall St News

Some P2P Transport Shareholders Have Copped A Big 62% Share Price Drop

It's nice to see the P2P Transport Limited (ASX:P2P) share price up 15% in a week. … But that's small comfort given the dismal price performance over the last year. … One flawed but reasonable way to assess how sentiment around a company has changed, is to compare the earnings per share (EPS) with the share price.

Simply Wall St -

Could P2P Transport Limited's (ASX:P2P) Investor Composition Influence The Stock Price?

Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … P2P Transport is a smaller company with a market capitalization of AU$49m, so it may still be flying under the radar of many institutional investors. … Our analysis of the ownership of the company, below, shows that.

Simply Wall St -

These Fundamentals Make P2P Transport Limited (ASX:P2P) Truly Worth Looking At

P2P Transport Limited (ASX:P2P) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective. … In the case of P2P, it

Simply Wall St -

Who Owns Most Of P2P Transport Limited (ASX:P2P)?

In this article, I will take a quick look at P2P Transport Limited’s (ASX:P2P) recent ownership structure – an unconventional investing subject, but an important one. … When it comes to ownership structure of a company, the impact has been observed in both the long-and short-term performance of shares. … Differences in ownership structure of companies can have a profound effect on how management's incentives are aligned with shareholder returns, and whether they adhere to corporate governance best practices.

Simply Wall St -

Why P2P Transport Limited's (ASX:P2P) Ownership Structure Is Important

See our latest analysis for P2P Transport ASX:P2P Ownership_summary May 21st 18 Institutional Ownership Institutional investors are one of the largest group of market participants and their buy-sell decisions on a company's stock can significantly impact prices, more so, when there are relatively small amounts of shares available on the market to trade. … With this size of ownership, retail investors can collectively play a role in major company policies that affect shareholders returns, including executive remuneration and the appointment of directors. … As a result, potential investors should further explore the company's business relations with these companies and find out if they can affect shareholder returns in the long-term.Next Steps: With a low level of institutional ownership, investors in P2P need not worry about non-fundamental factors such as ownership structure causing large impact on stock prices.

Simply Wall St -

Should You Buy P2P Transport Limited (ASX:P2P) When Insiders Do?

P2P Transport's insiders have invested more than 4 million shares in the small-cap stocks within the past three months. … ASX:P2P Future Profit Mar 29th 18 Analysts’ expectations for revenue growth over the next 3 years of 293.41% provides a fantastic outlook for the business which is consistent with the signal company insiders are sending with their net buying activity. … Next Steps: P2P Transport’s insider meaningful buying activity tells us the shares are currently in favour, which is fairly consistent with earnings growth expectations, although the share price has not moved significantly to warrant reassessment of mispricing.

Simply Wall St -

Is P2P Transport Limited (ASX:P2P) A Transportation Industry Laggard Or Leader?

In the previous year, the industry saw growth of 6.31%, though still underperforming the wider Australian stock market. … ASX:P2P PE PEG Gauge Dec 22nd 17 The land transport sector's PE is currently hovering around 22x, in-line with the Australian stock market PE of 18x. … The high growth prospect makes stocks such as P2P Transport a more appealing investment case, though the industry is trading relatively in-line with the rest of the wider marker.

Simply Wall St -

P2P Transport Limited (ASX:P2P): Time For A Financial Health Check

ASX:P2P Historical Debt Dec 14th 17 Is P2P’s level of debt at an acceptable level? … With a high level of debt on its balance sheet, P2P could still be in a financially strong position if its cash flow also stacked up. … P2P's large debt ratio on top of low cash coverage of debt in addition to low liquidity coverage of short-term obligations may scare some investors away intially.

Simply Wall St -

P2P Company Info

Description

P2P Transport Limited, an integrated fleet management company, provides vehicles on a rental basis to independent professional drivers in the point-to-point passenger transport industry. The company leases taxi plates or licenses from either government authorities or private owners, and operates its vehicles to provide a rental solution to professional drivers. It operates a fleet of approximately 1,134 passenger vehicles in Victoria, New South Wales, and Queensland. The company was founded in 1987 and is headquartered in Huntingdale, Australia.

Details
Name: P2P Transport Limited
P2P
Exchange: ASX
Founded: 1987
A$14,493,093
85,253,492
Website: http://www.p2ptransport.com.au
Address: P2P Transport Limited
1313-1315 North Road,
Huntingdale,
Victoria, 3166,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX P2P Ordinary Shares Australian Securities Exchange AU AUD 13. Dec 2017
Number of employees
Current staff
Staff numbers
57
P2P Transport employees.
Industry
Trucking
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/24 10:36
End of day share price update: 2019/05/24 00:00
Last estimates confirmation: 2019/04/26
Last earnings filing: 2019/02/28
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.