ASX:TPC

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

TPC Consolidated Limited provides retail electricity and gas services to residential and business customers under the CovaU brand name in Australia. More Details


Snowflake Analysis

Excellent balance sheet with solid track record.

Share Price & News

How has TPC Consolidated's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: Insufficient data to determine TPC's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine TPC's volatility change over the past year.


Market Performance


7 Day Return

0%

TPC

-1.0%

AU Integrated Utilities

2.3%

AU Market


1 Year Return

n/a

TPC

-3.1%

AU Integrated Utilities

-0.3%

AU Market

Return vs Industry: Insufficient data to determine how TPC performed against the Australian Integrated Utilities industry.

Return vs Market: Insufficient data to determine how TPC performed against the Australian Market.


Shareholder returns

TPCIndustryMarket
7 Day0%-1.0%2.3%
30 Day22.6%0.2%7.2%
90 Day23.8%4.8%8.7%
1 Yearn/a0.3%-3.1%3.1%-0.3%
3 Year14.1%8.3%15.0%2.2%24.2%8.8%
5 Year133.3%116.7%43.4%16.8%55.4%24.4%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is TPC Consolidated undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TPC (A$1.3) is trading below our estimate of fair value (A$14.49)

Significantly Below Fair Value: TPC is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: TPC is good value based on its PE Ratio (4.3x) compared to the XX Integrated Utilities industry average (19.9x).

PE vs Market: TPC is good value based on its PE Ratio (4.3x) compared to the Australian market (22.5x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: TPC's PB Ratio (1.6x) is in line with the XX Integrated Utilities industry average.


Next Steps

Future Growth

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

12.4%

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 TPC Consolidated 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 TPC Consolidated performed over the past 5 years?

69.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TPC has high quality earnings.

Growing Profit Margin: TPC's current net profit margins (3.9%) are higher than last year (2.7%).


Past Earnings Growth Analysis

Earnings Trend: TPC has become profitable over the past 5 years, growing earnings by 69% per year.

Accelerating Growth: TPC's earnings growth over the past year (50.9%) is below its 5-year average (69% per year).

Earnings vs Industry: TPC earnings growth over the past year (50.9%) exceeded the Integrated Utilities industry 3.5%.


Return on Equity

High ROE: TPC's Return on Equity (37.9%) is considered high.


Next Steps

Financial Health

How is TPC Consolidated's financial position?


Financial Position Analysis

Short Term Liabilities: TPC's short term assets (A$18.9M) exceed its short term liabilities (A$12.7M).

Long Term Liabilities: TPC's short term assets (A$18.9M) exceed its long term liabilities (A$765.8K).


Debt to Equity History and Analysis

Debt Level: TPC's debt to equity ratio (8.5%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if TPC's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: TPC's debt is well covered by operating cash flow (338.7%).

Interest Coverage: TPC's interest payments on its debt are well covered by EBIT (12.2x coverage).


Balance Sheet


Next Steps

Dividend

What is TPC Consolidated current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: TPC is not paying a notable dividend for the Australian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of TPC'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?

8.3yrs

Average management tenure


CEO

Charles Huang

no data

Tenure

AU$414,704

Compensation

Mr. Chiao-Heng Huang, as known as Charles, BEng, Founded TPC Consolidated Limited (formerly Tel.Pacific Limited) in 1996 and serves as the Chief Executive Officer and Managing Director. Mr. Huang has succe...


CEO Compensation Analysis

Compensation vs Market: Charles's total compensation ($USD301.80K) is about average for companies of similar size in the Australian market ($USD279.23K).

Compensation vs Earnings: Charles's compensation has increased by more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Chiao-Heng Huang
Founderno dataAU$414.70k36.17%
A$ 5.3m
Jeffrey Ma
CFO, Company Secretary & Executive Director16yrsAU$252.82k3.76%
A$ 549.9k
Gang Gu
Head of Information System8.33yrsAU$162.74k0.75%
A$ 109.0k
Steven Goodarzi
Chief Strategy Officer & Executive Director5yrsAU$235.81k1.87%
A$ 273.4k
Huy Nguyen
Sales Directorno dataAU$130.17k0.60%
A$ 88.3k
Charles Hsieh
Commercial Directorno dataAU$177.37k0.27%
A$ 39.0k
Bing Zhou
Sales Director8.33yrsAU$197.02k0.54%
A$ 79.3k
Peter Huang
Chief Technology Officer15.75yrsAU$78.35kno data

8.3yrs

Average Tenure

Experienced Management: TPC's management team is seasoned and experienced (8.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Chiao-Heng Huang
Founderno dataAU$414.70k36.17%
A$ 5.3m
Jeffrey Ma
CFO, Company Secretary & Executive Director16yrsAU$252.82k3.76%
A$ 549.9k
Steven Goodarzi
Chief Strategy Officer & Executive Director5yrsAU$235.81k1.87%
A$ 273.4k
Gregory McCann
Independent Non Executive Chairman13.58yrsAU$75.69k0.76%
A$ 110.5k

14.8yrs

Average Tenure

Experienced Board: TPC's board of directors are seasoned and experienced ( 14.8 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

TPC Consolidated Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: TPC Consolidated Limited
  • Ticker: TPC
  • Exchange: ASX
  • Founded: 1996
  • Industry: Multi-Utilities
  • Sector: Utilities
  • Market Cap: AU$14.606m
  • Shares outstanding: 11.24m
  • Website: https://www.tpc.com.au

Number of Employees


Location

  • TPC Consolidated Limited
  • 201 Kent Street
  • Suite 1103
  • Sydney
  • New South Wales
  • 2000
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TPCASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJul 2007

Biography

TPC Consolidated Limited provides retail electricity and gas services to residential and business customers under the CovaU brand name in Australia. It also provides pre-paid mobile and related services un...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/24 10:38
End of Day Share Price2020/11/10 00:00
Earnings2020/06/30
Annual Earnings2020/06/30


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.