AusNet Services Ltd owns and operates an electricity transmission network in Australia.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$2.58|
|52 Week High||AU$1.64|
|52 Week Low||AU$2.60|
|1 Month Change||29.98%|
|3 Month Change||44.94%|
|1 Year Change||33.33%|
|3 Year Change||58.77%|
|5 Year Change||57.32%|
|Change since IPO||98.46%|
Recent News & Updates
AusNet Services (ASX:AST) Seems To Be Using A Lot Of Debt
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
AusNet Services (ASX:AST) Is Reinvesting At Lower Rates Of Return
There are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'd want to identify a...
AusNet Services (ASX:AST) Has A Somewhat Strained Balance Sheet
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Capital Allocation Trends At AusNet Services (ASX:AST) Aren't Ideal
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Amongst other things...
|AST||AU Electric Utilities||AU Market|
Return vs Industry: AST exceeded the Australian Electric Utilities industry which returned 26.4% over the past year.
Return vs Market: AST exceeded the Australian Market which returned 25.4% over the past year.
Stable Share Price: AST is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: AST's weekly volatility (6%) has been stable over the past year.
About the Company
AusNet Services Ltd owns and operates an electricity transmission network in Australia. It operates through Electricity Distribution, Gas Distribution, Electricity Transmission, and Growth & Future Networks segments. The Electricity Distribution segment carries electricity from the high voltage transmission network to end users, including metering.
AusNet Services Fundamentals Summary
|AST fundamental statistics|
Is AST overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|AST income statement (TTM)|
|Cost of Revenue||AU$255.50m|
Last Reported Earnings
Mar 31, 2021
Next Earnings Date
Nov 11, 2021
|Earnings per share (EPS)||0.08|
|Net Profit Margin||15.70%|
How did AST perform over the long term?See historical performance and comparison
3.7%Current Dividend Yield
Is AusNet Services undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: AST (A$2.58) is trading above our estimate of fair value (A$1.4)
Significantly Below Fair Value: AST is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: AST is good value based on its PE Ratio (32.7x) compared to the Oceanic Electric Utilities industry average (63.4x).
PE vs Market: AST is poor value based on its PE Ratio (32.7x) compared to the Australian market (18.7x).
Price to Earnings Growth Ratio
PEG Ratio: AST's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: AST is overvalued based on its PB Ratio (2.9x) compared to the XO Electric Utilities industry average (2.2x).
How is AusNet Services forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AST's earnings are forecast to decline over the next 3 years (-5.6% per year).
Earnings vs Market: AST's earnings are forecast to decline over the next 3 years (-5.6% per year).
High Growth Earnings: AST's earnings are forecast to decline over the next 3 years.
Revenue vs Market: AST's revenue (1.4% per year) is forecast to grow slower than the Australian market (5.3% per year).
High Growth Revenue: AST's revenue (1.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: AST's Return on Equity is forecast to be low in 3 years time (6.9%).
How has AusNet Services performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AST has high quality earnings.
Growing Profit Margin: AST's current net profit margins (15.7%) are higher than last year (14.7%).
Past Earnings Growth Analysis
Earnings Trend: AST's earnings have declined by 3.3% per year over the past 5 years.
Accelerating Growth: AST's earnings growth over the past year (3.9%) exceeds its 5-year average (-3.3% per year).
Earnings vs Industry: AST earnings growth over the past year (3.9%) exceeded the Electric Utilities industry -13%.
Return on Equity
High ROE: AST's Return on Equity (8.8%) is considered low.
How is AusNet Services's financial position?
Financial Position Analysis
Short Term Liabilities: AST's short term assets (A$1.8B) exceed its short term liabilities (A$763.3M).
Long Term Liabilities: AST's short term assets (A$1.8B) do not cover its long term liabilities (A$10.4B).
Debt to Equity History and Analysis
Debt Level: AST's debt to equity ratio (282.9%) is considered high.
Reducing Debt: AST's debt to equity ratio has increased from 199.3% to 282.9% over the past 5 years.
Debt Coverage: AST's debt is not well covered by operating cash flow (8.7%).
Interest Coverage: AST's interest payments on its debt are not well covered by EBIT (2.6x coverage).
What is AusNet Services's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: AST's dividend (3.68%) is higher than the bottom 25% of dividend payers in the Australian market (2.34%).
High Dividend: AST's dividend (3.68%) is low compared to the top 25% of dividend payers in the Australian market (5.42%).
Stability and Growth of Payments
Stable Dividend: AST's dividends per share have been stable in the past 10 years.
Growing Dividend: AST's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (118.2%), AST's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: AST's dividends in 3 years are not forecast to be well covered by earnings (145.7% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Tony Narvaez serves as a Managing Director and Director of AusNet Services Ltd and AusNet Services Holdings Pty Ltd since November 01, 2019. Mr. Narvaez had been Chief Executive Officer at Endeavour En...
CEO Compensation Analysis
Compensation vs Market: Tony's total compensation ($USD1.67M) is about average for companies of similar size in the Australian market ($USD2.28M).
Compensation vs Earnings: Tony's compensation has increased by more than 20% in the past year.
Experienced Management: AST's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Experienced Board: AST's board of directors are considered experienced (4.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.1%.
AusNet Services Ltd's employee growth, exchange listings and data sources
- Name: AusNet Services Ltd
- Ticker: AST
- Exchange: ASX
- Founded: 2014
- Industry: Electric Utilities
- Sector: Utilities
- Market Cap: AU$9.874b
- Shares outstanding: 3.83b
- Website: https://www.ausnetservices.com.au
Number of Employees
- AusNet Services Ltd
- 2 Southbank Boulevard
- Level 31
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/23 16:00|
|End of Day Share Price||2021/09/23 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.