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New Energy Solar

ASX:NEW
Snowflake Description

Flawless balance sheet and undervalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NEW
ASX
A$497M
Market Cap
  1. Home
  2. AU
  3. Utilities
Company description

New Energy Solar Limited acquires, owns and manages large scale solar generation facilities. The last earnings update was 2 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
0.7%
ASX:NEW
4.4%
AU Renewable Energy
0.3%
AU Market
1 Year Returns
-1.4%
ASX:NEW
-35.6%
AU Renewable Energy
1.8%
AU Market
NEW Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
New Energy Solar (NEW) 0.7% 4.4% -1.4% -1.4% - -
AU Renewable Energy 4.4% -2.2% -5.3% -35.6% -24.9% -29.2%
AU Market 0.3% 3.7% 3.8% 1.8% 26% 3.7%
1 Year Return vs Industry and Market
  • NEW outperformed the Renewable Energy industry which returned -35.6% over the past year.
  • NEW underperformed the Market in Australia which returned 1.8% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

Value

 Is New Energy Solar 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 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.

ASX:NEW 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 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.

Calculation of Discount Rate/ Cost of Equity for ASX:NEW
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 7.7%
Renewable Energy Unlevered Beta Simply Wall St/ S&P Global 0.45
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.446 (1 + (1- 30%) (0%))
0.446
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: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 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.

ASX:NEW DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (AUD, Millions) 65.52 77.97 92.01 107.65 124.87
Source Est @ 20%, capped from 125.06% Est @ 19%, capped from 125.06% Est @ 18%, capped from 125.06% Est @ 17%, capped from 125.06% Est @ 16%, capped from 125.06%
Present Value
Discounted (@ 8.46%)
60.41 66.28 72.11 77.78 83.19
Present value of next 5 years cash flows A$359.77
ASX:NEW DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= A$124.87 × (1 + 2.31%) ÷ (8.46% – 2.31%)
A$2,077.22
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= A$2,077.22 ÷ (1 + 8.46%)5
A$1,383.84
ASX:NEW Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= A$359.77 + A$1,383.84
A$1,743.61
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$1,743.61 / 349.80
A$4.98
ASX:NEW Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$4.98
Current discount Discount to share price of A$1.42
= -1 x (A$1.42 - A$4.98) / A$4.98
71.5%

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.
Intrinsic value
>50%
Share price is A$1.42 vs Future cash flow value of A$4.98
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, and at a moderate discount (> 20%).
  • New Energy Solar'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 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
ASX:NEW PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$0.24
ASX:NEW Share Price ** ASX (2019-02-15) in AUD A$1.42
Australia Renewable Energy Industry PE Ratio Median Figure of 6 Publicly-Listed Renewable Energy Companies 9.32x
Australia Market PE Ratio Median Figure of 559 Publicly-Listed Companies 15.71x

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

** Primary Listing of New Energy Solar.

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

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

= 1.42 ÷ 0.24

5.95x

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 AU 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
ASX:NEW PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.95x
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 58 Publicly-Listed Renewable Energy Companies 1.04x
Australia Market PEG Ratio Median Figure of 361 Publicly-Listed Companies 1.41x

*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
ASX:NEW PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$1.62
ASX:NEW Share Price * ASX (2019-02-15) in AUD A$1.42
Australia Renewable Energy Industry PB Ratio Median Figure of 12 Publicly-Listed Renewable Energy Companies 0.97x
Australia Market PB Ratio Median Figure of 1,664 Publicly-Listed Companies 1.64x
ASX:NEW PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 1.42 ÷ 1.62

0.88x

* 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.
X
Value checks
We assess New Energy Solar'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 Renewable Energy 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 Renewable Energy industry average (and greater than 0)? (1 check)
  5. New Energy Solar has a total score of 5/6, 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

 How is New Energy Solar 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
-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
ASX:NEW Future Growth Rates Data Sources
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 9%
Oceania Renewable Energy Industry Revenue Growth Rate Market Cap Weighted Average 1.5%
Australia Market Earnings Growth Rate Market Cap Weighted Average 5.8%
Australia Market Revenue Growth Rate Market Cap Weighted Average 2.3%

*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:NEW Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month 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:NEW Future Estimates Data
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
ASX:NEW Past Financials Data
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.

Super high growth metrics
High Growth Checks
  • Unable to determine if New Energy Solar is high growth as no earnings estimate data is available.
  • New Energy Solar's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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:NEW 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 1 Analyst Estimates (S&P Global) See Below

All data from New Energy Solar Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:NEW Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
ASX:NEW Past Financials Data
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.

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.
  • New Energy Solar is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess New Energy Solar'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 Australia 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.
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 AU 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 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:NEW 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 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 2.73
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 AU 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
Past performance checks
We assess New Energy Solar'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 Renewable Energy 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.
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.
Net Worth
  • 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 1 month ago.

ASX:NEW Past Debt and Equity Data
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
Financial health checks
We assess New Energy Solar'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. New Energy Solar has a total score of 6/6, 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.

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
Dividend payments
5.46%
Current annual income from New Energy Solar dividends. Estimated to be 5.63% next year.
If you bought A$2,000 of New Energy Solar shares you are expected to receive A$109 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 (2.68%).
  • New Energy Solar's dividend is below the markets top 25% of dividend payers in Australia (6.12%).
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:NEW 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
Global Renewable Energy Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 3.8%
Australia Market Average Dividend Yield Market Cap Weighted Average of 419 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.

ASX:NEW Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.08 1.00
2020-12-31 0.08 1.00
2019-12-31 0.08 1.00
ASX:NEW Past Annualized Dividends Data
Date (Data in A$) 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.
Current Payout to shareholders
What portion of New Energy Solar's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (43.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.6x coverage).
X
Income/ dividend checks
We assess New Energy Solar's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - 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 New Energy Solar afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. 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

 What is the CEO of New Energy Solar'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
John Martin
COMPENSATION A$0
TENURE AS CEO 1.8 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:

2.3
Average Tenure
  • The tenure for the New Energy Solar management team is about average.
Management Team

John Martin

TITLE
MD, CEO & Director
TENURE
1.8 yrs

Alex MacLachlan

TITLE
Chairman & CEO of Walsh & Company Investments Limited

Tom Kline

TITLE
Executive Director – North America

Warwick Keneally

TITLE
Head of Finance and Director of Walsh & Company Investments Limited

Adam Chandler

TITLE
Portfolio Manager

Liam Thomas

TITLE
Head of Investments
TENURE
2.9 yrs

Hannah Chan

TITLE
Company Secretary
TENURE
3.3 yrs

Caroline Purtell

TITLE
Company Secretary
TENURE
0.3 yrs
Board of Directors Tenure

Average tenure of the New Energy Solar board of directors in years:

1.3
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
1.3 yrs

John Martin

TITLE
MD, CEO & Director
TENURE
1.3 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
1.8 yrs

Alan Dixon

TITLE
Director
TENURE
1.3 yrs

James Davies

TITLE
Independent Non-Executive Director
COMPENSATION
A$8K
TENURE
1.3 yrs

John Michael Holland

TITLE
Independent Non-Executive Director
COMPENSATION
A$8K
TENURE
1.3 yrs

Maxine McKew

TITLE
Independent Non-Executive Director
COMPENSATION
A$8K
TENURE
1.3 yrs

Mike Adams

TITLE
Director of Walsh & Company Investments Limited
TENURE
0.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
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
23. Apr 18 Sell Warwick Keneally Individual 19. Apr 18 19. Apr 18 -14,666 A$1.42 A$-20,826
23. Apr 18 Buy John Martin Individual 16. Apr 18 19. Apr 18 3,500 A$1.42 A$4,973
16. Apr 18 Buy Alan Dixon Individual 11. Apr 18 11. Apr 18 56,581 A$1.43 A$80,911
16. Apr 18 Buy John Martin Individual 12. Apr 18 12. Apr 18 1,000 A$1.44 A$1,440
09. Apr 18 Buy Alan Dixon Individual 04. Apr 18 06. Apr 18 194,040 A$1.43 A$276,534
06. Apr 18 Buy John Martin Individual 28. Mar 18 03. Apr 18 3,000 A$1.44 A$4,307
03. Apr 18 Buy Alan Dixon Individual 26. Mar 18 29. Mar 18 749,379 A$1.44 A$1,072,832
27. Feb 18 Buy Alan Dixon Individual 18. Dec 17 29. Dec 17 378,488 A$1.50 A$561,519
X
Management checks
We assess New Energy Solar'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. 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 -

What 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 -

Company Info

Map
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$496,719,351
349,802,360
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
ASX NEWN NPV DFD 01/03/19(EX-OPTION) Australian Securities Exchange AU AUD 16. Feb 2019
Number of employees
Current staff
Staff numbers
0
New Energy Solar employees.
Industry
Renewable Electricity
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/16 10:39
End of day share price update: 2019/02/15 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.