ASX:KPO

Stock Analysis Report

Executive Summary

Kalina Power Limited operates as a power company in the United States, Australia, China, and the United Kingdom.


Snowflake Analysis

Weak fundamentals or lack of information.


Similar Companies

Share Price & News

How has Kalina Power's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: KPO's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-40.7%

KPO

-9.2%

AU Renewable Energy

-10.0%

AU Market


1 Year Return

250.0%

KPO

19.1%

AU Renewable Energy

2.9%

AU Market

Return vs Industry: KPO exceeded the Australian Renewable Energy industry which returned 19.1% over the past year.

Return vs Market: KPO exceeded the Australian Market which returned 2.9% over the past year.


Shareholder returns

KPOIndustryMarket
7 Day-40.7%-9.2%-10.0%
30 Day9.4%-8.4%-9.0%
90 Day9.4%0.05%-6.5%
1 Year250.0%250.0%23.5%19.1%7.3%2.9%
3 Year-60.7%-60.7%-27.1%-31.0%25.0%8.4%
5 Yearn/a15.4%8.7%36.9%6.3%

Price Volatility Vs. Market

How volatile is Kalina Power's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Kalina Power undervalued compared to its fair value and its price relative to the market?

2.99x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate KPO's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate KPO's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: KPO is unprofitable, so we can't compare its PE Ratio to the Renewable Energy industry average.

PE vs Market: KPO is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate KPO's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: KPO is overvalued based on its PB Ratio (3x) compared to the AU Renewable Energy industry average (0.9x).


Next Steps

Future Growth

How is Kalina Power forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

13.2%

Forecasted Utilities industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Kalina Power has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Kalina Power performed over the past 5 years?

6.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: KPO is currently unprofitable.

Growing Profit Margin: KPO is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: KPO is unprofitable, but has reduced losses over the past 5 years at a rate of 6.3% per year.

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

Earnings vs Industry: KPO is unprofitable, making it difficult to compare its past year earnings growth to the Renewable Energy industry (80.8%).


Return on Equity

High ROE: KPO's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Next Steps

Financial Health

How is Kalina Power's financial position?


Financial Position Analysis

Short Term Liabilities: KPO has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: KPO has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: KPO has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: KPO's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet

Inventory Level: KPO has a low level of unsold assets or inventory.

Debt Coverage by Assets: KPO has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.


Cash Runway Analysis

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

Stable Cash Runway: KPO has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: KPO has less than a year of cash runway if free cash flow continues to grow at historical rates of 7.8% each year.


Next Steps

Dividend

What is Kalina Power's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

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


Next Steps

Management

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

4.0yrs

Average board tenure


CEO

Ross MacLachlan 0

AU$318,382

Compensation

Mr. Ross Maclachlan serves as Chairman and Chief Executive Officer of Lignol Energy Corporation. Mr. MacLachlan serves as the Chief Executive Officer of Kalina Power Limited and has been its Managing Direc ...


CEO Compensation Analysis

Compensation vs Market: Ross's total compensation ($USD206.82K) is about average for companies of similar size in the Australian market ($USD254.72K).

Compensation vs Earnings: Ross's compensation has increased whilst the company is unprofitable.


Board Members

NamePositionTenureCompensationOwnership
Ross MacLachlan
CEO, Interim Chairman & MD0yrsAU$318.38k2.82% A$809.3k
Timothy Horgan
Executive Director4.8yrsAU$219.00k0.87% A$250.8k
Jeffry Myers
Non-Executive Director3.3yrsAU$126.31k1.29% A$368.7k
Peter Littlewood
Non-Executive Director2.6yrsAU$45.20k1.06% A$303.7k
Malcolm Jacques
Non-Executive Director9.9yrsAU$40.00k0.076% A$21.7k

4.0yrs

Average Tenure

Experienced Board: KPO's board of directors are considered experienced (4 years average tenure).


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 16%.


Top Shareholders

Company Information

Kalina Power Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Kalina Power Limited
  • Ticker: KPO
  • Exchange: ASX
  • Founded:
  • Industry: Renewable Electricity
  • Sector: Utilities
  • Market Cap: AU$28.672m
  • Shares outstanding: 819.20m
  • Website: https://www.kalinapower.com

Location

  • Kalina Power Limited
  • 585 Burwood Road
  • Ground Floor
  • Hawthorn
  • Victoria
  • 3122
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
KPOASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJan 1992
KPOCHIA (Chi-X Australia)YesOrdinary SharesAUAUDJan 1992

Biography

Kalina Power Limited operates as a power company in the United States, Australia, China, and the United Kingdom. It generates power primarily from waste heat, and geothermal and solar thermal sources using its Kalina Cycle technology. The company was formerly known as Enhanced Systems Technologies Limited and changed its name to Kalina Power Limited in June 2015. Kalina Power Limited is headquartered in Hawthorn, Australia. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/29 10:36
End of Day Share Price2020/02/28 00:00
Earnings2019/06/30
Annual Earnings2019/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.