New Energy Solar
ASX:NEW
NEW
ASX
A$482M
Market Cap
Company description
New Energy Solar Limited acquires, owns and manages large scale solar generation facilities. The last earnings update was 64 days ago. More info.
Add to Portfolio Compare Print
- New Energy Solar is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
NEW Share Price and Events
7 Day Returns
-0.4%
ASX:NEW
0.2%
AU Renewable Energy
0.7%
AU Market
1 Year Returns
-2.1%
ASX:NEW
-33.9%
AU Renewable Energy
4.7%
AU Market
NEW Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| New Energy Solar (NEW) | -0.4% | 0% | 1.5% | -2.1% | - | - |
| AU Renewable Energy | 0.2% | -2.7% | -5.5% | -33.9% | -37.5% | -27.4% |
| AU Market | 0.7% | 1.1% | 6.5% | 4.7% | 17.5% | 4.9% |
1 Year Return vs Industry and Market
- NEW outperformed the Renewable Energy industry which returned -33.9% over the past year.
- NEW underperformed the Market in Australia which returned 4.7% over the past year.
Value
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
New Energy Solar
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 New Energy Solar.
| 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 | 7.1% |
| 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 | 6% |
| Renewable Energy Unlevered Beta | Simply Wall St/ S&P Global | 0.48 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.477 (1 + (1- 30%) (0%)) |
0.65 |
| 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 * 5.96%) |
7.08% |
Discounted Cash Flow Calculation for ASX:NEW using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for New Energy Solar 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.
| Levered FCF (AUD, Millions) | Source |
Present Value Discounted (@ 7.08%) |
|
|---|---|---|---|
| 2019 | 15.96 | Est @ 31.7% | 14.90 |
| 2020 | 19.61 | Est @ 22.88% | 17.10 |
| 2021 | 22.89 | Est @ 16.71% | 18.64 |
| 2022 | 25.72 | Est @ 12.39% | 19.56 |
| 2023 | 28.13 | Est @ 9.37% | 19.98 |
| 2024 | 30.17 | Est @ 7.25% | 20.01 |
| 2025 | 31.91 | Est @ 5.77% | 19.77 |
| 2026 | 33.42 | Est @ 4.73% | 19.33 |
| 2027 | 34.76 | Est @ 4.01% | 18.78 |
| 2028 | 35.97 | Est @ 3.5% | 18.15 |
| Present value of next 10 years cash flows | A$186.24 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= A$35.97 × (1 + 2.31%) ÷ (7.08% – 2.31%) |
A$771.94 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= A$771.94 ÷ (1 + 7.08%)10 |
A$389.49 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= A$186.24 + A$389.49 |
A$575.73 |
| Equity Value per Share (AUD) |
= Total value / Shares Outstanding
= A$575.73 / 349.15 |
A$1.65 |
| Calculation | Result | |
|---|---|---|
| Value per share (AUD) | From above. | A$1.65 |
| Current discount | Discount to share price of
A$1.38
= -1 x (A$1.38 - A$1.65) / A$1.65 |
16.3% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Amount off the current price
New Energy Solar
is available for.
16%
Share price is
A$1.38
vs Future cash flow value of
A$1.65
Current Discount Checks
For
New Energy Solar
to be considered undervalued it must be available for at least 20% below the
current price. Less than 40% is even better.
- New Energy Solar's share price is below the future cash flow value, but not at a moderate discount (< 20%).
- New Energy Solar'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 New Energy Solar's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
New Energy Solar's earnings available for a low price, and how does
this compare to other companies in the same industry?
Raw Data
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in AUD | A$0.24 |
| ASX:NEW Share Price ** | ASX (2019-04-17) in AUD | A$1.38 |
| Oceania Renewable Energy Industry PE Ratio | Median Figure of 5 Publicly-Listed Renewable Energy Companies | 16.76x |
| Australia Market PE Ratio | Median Figure of 545 Publicly-Listed Companies | 16.18x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of New Energy Solar.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = ASX:NEW Share Price ÷ EPS (both in AUD) = 1.38 ÷ 0.24 |
5.79x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- New Energy Solar is good value based on earnings compared to the Oceania Renewable Energy industry average.
- New Energy Solar is good value based on earnings compared to the Australia market.
Price based on expected Growth
Does
New Energy Solar's expected growth come at a high price?
Raw Data
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 5.79x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts |
Not available |
| Global Renewable Energy Industry PEG Ratio | Median Figure of 63 Publicly-Listed Renewable Energy Companies | 0.95x |
| Australia Market PEG Ratio | Median Figure of 361 Publicly-Listed Companies | 1.38x |
*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 New Energy Solar, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
New Energy Solar's
assets?
Raw Data
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in AUD | A$1.60 |
| ASX:NEW Share Price * | ASX (2019-04-17) in AUD | A$1.38 |
| Australia Renewable Energy Industry PB Ratio | Median Figure of 11 Publicly-Listed Renewable Energy Companies | 1.31x |
| Australia Market PB Ratio | Median Figure of 1,676 Publicly-Listed Companies | 1.68x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = ASX:NEW Share Price ÷ Book Value per Share (both in AUD) = 1.38 ÷ 1.60 |
0.86x |
* Primary Listing of New Energy Solar.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- New Energy Solar is good value based on assets compared to the AU Renewable Energy industry average.
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Value checks
We assess New Energy Solar'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 Renewable Energy 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 Renewable Energy industry average (and greater than 0)? (1 check) New Energy Solar 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.
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!
-17.7%
Expected annual growth in revenue.
Earnings growth vs Low Risk Savings
Is
New Energy Solar
expected to grow at an
attractive
rate?
- Unable to compare New Energy Solar's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
- Unable to compare New Energy Solar's earnings growth to the Australia market average as no estimate data is available.
- New Energy Solar's revenues are expected to decrease over the next 1-3 years, this is below the Australia market average.
Annual Growth Rates Comparison
Raw Data
| Data Point | Source | Value (per year) |
|---|---|---|
| ASX:NEW Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts | -17.7% |
| Australia Renewable Energy Industry Earnings Growth Rate | Market Cap Weighted Average | 4.6% |
| Oceania Renewable Energy Industry Revenue Growth Rate | Market Cap Weighted Average | -2.2% |
| Australia Market Earnings Growth Rate | Market Cap Weighted Average | 6.6% |
| Australia Market Revenue Growth Rate | Market Cap Weighted Average | 3.1% |
*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
All numbers in AUD Millions and using
Trailing twelve months (TTM)
annual period rather than quarterly.
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 1 Analyst Estimates (S&P Global) | See Below |
| Date (Data in AUD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 49 | 1 | ||
| 2020-12-31 | 47 | 1 | ||
| 2019-12-31 | 35 | 1 |
| Date (Data in AUD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 85 | 12 | 80 |
| 2018-09-30 | 71 | 14 | 65 |
| 2018-06-30 | 56 | 16 | 50 |
| 2018-03-31 | 26 | 12 | 22 |
| 2017-12-31 | -3 | 8 | -7 |
| 2017-06-30 | -6 | -1 | -9 |
| 2016-12-31 | 13 | 0 | 6 |
*GAAP earnings excluding extraordinary items.
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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 1 Analyst Estimates (S&P Global) | See Below |
All data from New Energy Solar Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in AUD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | ||||
| 2020-12-31 | ||||
| 2019-12-31 |
| Date (Data in AUD Millions) | EPS * |
|---|---|
| 2018-12-31 | 0.24 |
| 2018-09-30 | 0.22 |
| 2018-06-30 | 0.19 |
| 2018-03-31 | 0.09 |
| 2017-12-31 | -0.04 |
| 2017-06-30 | -0.06 |
| 2016-12-31 | 0.06 |
*GAAP earnings excluding extraordinary items.
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New Energy Solar has a total score of 0/6, 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.
Future performance checks
We assess New Energy Solar'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 Oceania 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)
New Energy Solar has a total score of 0/6, 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 New Energy Solar 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
New Energy Solar's growth in the last year to its industry (Renewable Energy).
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.
- Unable to establish if New Energy Solar's year on year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.
- Unable to compare New Energy Solar's 1-year earnings growth to the 5-year average as it has been trading publicly for less than 3 years.
- New Energy Solar has become profitable in the last year making it difficult to compare the Oceania Renewable Energy industry average.
Earnings and Revenue History
New Energy Solar'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 New Energy Solar Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in AUD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 85.44 | 80.18 | 4.14 | |
| 2018-09-30 | 70.53 | 65.33 | 4.26 | |
| 2018-06-30 | 55.63 | 50.49 | 4.35 | |
| 2018-03-31 | 26.50 | 21.70 | 3.54 | |
| 2017-12-31 | -2.64 | -7.10 | 2.76 | |
| 2017-06-30 | -6.28 | -8.65 | 1.84 | |
| 2016-12-31 | 12.67 | 6.48 | 1.80 |
*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.
- New Energy Solar has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- New Energy Solar used its assets more efficiently than the Oceania Renewable Energy industry average last year based on Return on Assets.
- Unable to establish if New Energy Solar improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
New Energy Solar 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.
Past performance checks
We assess New Energy Solar'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 Renewable Energy 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)
New Energy Solar 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 New Energy Solar'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 New Energy Solar's finances.
The net worth of a company is the difference between its assets and liabilities.
- New Energy Solar is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- New Energy Solar has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of
New Energy Solar'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.
- Low level of unsold assets.
- New Energy Solar has no debt, it does not need to be covered by short term assets.
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 New Energy Solar Company Filings, last reported 3 months ago.
| Date (Data in AUD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 555.68 | 0.00 | 23.03 |
| 2018-09-30 | 555.68 | 0.00 | 23.03 |
| 2018-06-30 | 504.54 | 0.00 | 1.41 |
| 2018-03-31 | 504.54 | 0.00 | 1.41 |
| 2017-12-31 | 472.34 | 0.00 | 42.13 |
| 2017-06-30 | 277.25 | 0.00 | 6.58 |
| 2016-12-31 | 302.09 | 0.00 | 7.22 |
- New Energy Solar has no debt.
- New Energy Solar has not taken on any debt in the past 5 years.
- New Energy Solar has no debt, it does not need to be covered by operating cash flow.
- New Energy Solar has no debt, therefore coverage of interest payments is not a concern.
X
Full details on the Health part of the Simply Wall St company analysis model.
Financial health checks
We assess New Energy Solar'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) New Energy Solar has a total score of 6/6, 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 New Energy Solar'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
5.62%
Current annual income from
New Energy Solar
dividends.
Estimated to be
5.8%
next year.
If you bought
A$2,000 of
New Energy Solar
shares you are expected to receive
A$112
in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you
can get in a
savings account?
It is up there with the
best dividend paying companies?
- New Energy Solar's pays a higher dividend yield than the bottom 25% of dividend payers in Australia (2.5%).
- New Energy Solar's dividend is below the markets top 25% of dividend payers in Australia (5.81%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
Raw Data
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 1 Analyst Estimates (S&P Global) | See Below |
| Global Renewable Energy Industry Average Dividend Yield | Market Cap Weighted Average of 67 Stocks | 3.5% |
| Australia Market Average Dividend Yield | Market Cap Weighted Average of 417 Stocks | 4.3% |
| Australia Minimum Threshold Dividend Yield | 10th Percentile | 1.6% |
| Australia Bottom 25% Dividend Yield | 25th Percentile | 2.5% |
| Australia Top 25% Dividend Yield | 75th Percentile | 5.8% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in A$) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-12-31 | 0.08 | 1.00 |
| 2020-12-31 | 0.08 | 1.00 |
| 2019-12-31 | 0.08 | 1.00 |
| Date (Data in A$) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2018-11-20 | 0.078 | 5.548 |
| 2018-05-30 | 0.078 | 5.361 |
| 2017-12-21 | 0.080 | 5.552 |
| 2017-12-04 | 0.064 | 4.198 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- It is too early to tell whether New Energy Solar has stable dividend payments.
- New Energy Solar only just started paying a dividend, it is too early to tell if payments are increasing.
X
Full details on the Dividends part of the Simply Wall St company analysis model.
Income/ dividend checks
We assess New Energy Solar'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 New Energy Solar afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) New Energy Solar 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
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
John
Martin
| COMPENSATION | A$0 |
| TENURE AS CEO | 1.9 years |
CEO Bio
Mr. John Martin, BEcon.(USYD) serves as the Chief Executive Officer, Managing Director & Director of New Energy Solar Limited.
CEO Compensation
- Insufficient data for John to compare compensation growth.
- John's remuneration is lower than average for companies of similar size in Australia.
Management Team Tenure
Average tenure of the New Energy Solar management team in years:
1.9
Average Tenure
- The average tenure for the New Energy Solar management team is less than 2 years, this suggests a new team.
Management Team
John Martin
TITLE
MD, CEO & Director
TENURE
1.9 yrs
Alex MacLachlan
TITLE
Chairman & CEO of Walsh & Company Investments Limited
Warwick Keneally
TITLE
Head of Finance and Director of Walsh & Company Investments Limited
Adam Chandler
TITLE
Portfolio Manager
Michael van der Vlies
TITLE
Chief Financial Officer
Liam Thomas
TITLE
Head of Investments
TENURE
3.1 yrs
Hannah Chan
TITLE
Company Secretary
TENURE
3.4 yrs
Caroline Purtell
TITLE
Company Secretary
TENURE
0.4 yrs
Tom Durham
TITLE
Financial Controller
TENURE
1.3 yrs
Board of Directors Tenure
Average tenure of the New Energy Solar board of directors in years:
1.5
Average Tenure
- The average tenure for the New Energy Solar board of directors is less than 3 years, this suggests a new board.
Board of Directors
Jeff Whalan
TITLE
Independent Non-Executive Chairman
COMPENSATION
A$13K
TENURE
1.5 yrs
John Martin
TITLE
MD, CEO & Director
TENURE
1.5 yrs
Alex MacLachlan
TITLE
Chairman & CEO of Walsh & Company Investments Limited
Warwick Keneally
TITLE
Head of Finance and Director of Walsh & Company Investments Limited
TENURE
1.9 yrs
Alan Dixon
TITLE
Director
TENURE
1.5 yrs
James Davies
TITLE
Independent Non-Executive Director
COMPENSATION
A$8K
TENURE
1.5 yrs
John Michael Holland
TITLE
Independent Non-Executive Director
COMPENSATION
A$8K
TENURE
1.5 yrs
Maxine McKew
TITLE
Independent Non-Executive Director
COMPENSATION
A$8K
TENURE
1.5 yrs
Mike Adams
TITLE
Director of Walsh & Company Investments Limited
TENURE
0.8 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (A$) | Value (A$) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 10. Sep 18 | Buy | Alan Dixon | Individual | 06. Sep 18 | 07. Sep 18 | 100,000 | A$1.48 | A$148,149 | ||
| 10. Sep 18 | Buy | Daryl Dixon | Individual | 04. Sep 18 | 05. Sep 18 | 100,000 | A$1.47 | A$146,895 | ||
| 05. Sep 18 | Buy | Warwick Keneally | Individual | 04. Sep 18 | 04. Sep 18 | 8,500 | A$1.47 | A$12,495 | ||
| 05. Sep 18 | Buy | John Michael Holland | Individual | 03. Sep 18 | 04. Sep 18 | 150,000 | A$1.47 | A$219,890 | ||
| 30. Apr 18 | Buy | John Martin | Individual | 24. Apr 18 | 24. Apr 18 | 1,000 | A$1.41 | A$1,410 | ||
| 30. Apr 18 | Buy | Alan Dixon | Individual | 26. Apr 18 | 26. Apr 18 | 279,686 | A$1.41 | A$394,357 | ||
X
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.
Management checks
We assess New Energy Solar'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) New Energy Solar 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
Is Buying New Energy Solar Limited (ASX:NEW) For Its Upcoming AU$0.037 Dividend A Good Choice?
On the 15 August 2018, New Energy Solar Limited (ASX:NEW) will be paying shareholders an upcoming dividend amount of AU$0.037 per share. … Investors looking for higher income-generating stocks to add to their portfolio should keep reading, as I examine New Energy Solar's latest financial data to analyse its dividend characteristics. … When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas:
Simply Wall St - – Full articleWhat Does New Energy Solar Limited's (ASX:NEW) Ownership Structure Look Like?
In this article, I will take a quick look at New Energy Solar Limited’s (ASX:NEW) recent ownership structure – an unconventional investing subject, but an important one. … 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. … Private Company Ownership Potential investors in NEW should also look at another important group of investors: private companies, with a stake of 1.68%, who are primarily invested because of strategic and capital gain interests.
Simply Wall St - – Full articleCompany Info
Description
New Energy Solar Limited acquires, owns and manages large scale solar generation facilities. The firm may also invest in other renewable energy assets including wind, geothermal, hydro-electricity, hybrid solutions and owns and manages large scale solar generation facilities. New Energy Solar Limited was established in 2015 and is based in Sydney, Australia.
Details
| Name: | New Energy Solar Limited |
| NEW | |
| Exchange: | ASX |
| Founded: | 2015 |
| A$481,831,802 | |
| 349,153,480 | |
| Website: | http://www.newenergysolar.com.au |
| Address: |
New Energy Solar Limited 100 Pacific Highway, Level 15, North Sydney, New South Wales, 2060, Australia |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| ASX | NEW | Stapled Securities | Australian Securities Exchange | AU | AUD | 04. Dec 2017 | |
| CHIA | NEW | Stapled Securities | Chi-X Australia | AU | AUD | 04. Dec 2017 |
Number of employees
Current staff
0
New Energy Solar
employees.
Industry
| Renewable Electricity | |
| Utilities |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/19 10:36 |
| End of day share price update: | 2019/04/17 00:00 |
| Last estimates confirmation: | 2019/02/15 |
| Last earnings filing: | 2019/02/14 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/12/31 |
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.
