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A2B Australia

DB:A22
Snowflake Description

Flawless balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
A22
DB
A$247M
Market Cap
  1. Home
  2. DE
  3. Commercial Services
Company description

A2B Australia Limited provides personal transport solutions to corporate account customers, passengers, drivers, and taxi operators in Australia. The last earnings update was 57 days ago. More info.


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A22 Share Price and Events
7 Day Returns
-4.9%
DB:A22
1.2%
DE Commercial Services
1.5%
DE Market
1 Year Returns
-
DB:A22
-8.8%
DE Commercial Services
-6.2%
DE Market
A22 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
A2B Australia (A22) -4.9% 2.3% 0.7% - - -
DE Commercial Services 1.2% 2.8% 10% -8.8% 2.7% -41.3%
DE Market 1.5% 6% 8.5% -6.2% 10.7% 15.3%
1 Year Return vs Industry and Market
  • No trading data on A22.
  • No trading data on A22.
Price Volatility
A22
Industry
5yr Volatility vs Market

A22 Value

 Is A2B Australia 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 A2B Australia 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 A2B Australia.

DB:A22 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.1%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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 DB:A22
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.733 (1 + (1- 30%) (1.09%))
0.825
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.83
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.825 * 5.96%)
5.15%

Discounted Cash Flow Calculation for DB:A22 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for A2B Australia 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.

DB:A22 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 5.15%)
2019 8.69 Est @ -26.12% 8.26
2020 7.11 Est @ -18.22% 6.43
2021 6.20 Est @ -12.68% 5.34
2022 5.66 Est @ -8.81% 4.63
2023 5.31 Est @ -6.1% 4.13
2024 5.09 Est @ -4.2% 3.77
2025 4.94 Est @ -2.87% 3.48
2026 4.85 Est @ -1.94% 3.24
2027 4.78 Est @ -1.29% 3.05
2028 4.74 Est @ -0.84% 2.87
Present value of next 10 years cash flows A$45.20
DB:A22 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= A$4.74 × (1 + 0.23%) ÷ (5.15% – 0.23%)
A$96.71
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$96.71 ÷ (1 + 5.15%)10
A$58.55
DB:A22 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$45.20 + A$58.55
A$103.76
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$103.76 / 120.43
A$0.86
DB:A22 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:A22 represents 0.61902x of ASX:A2B
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.61902x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (AUD) x Listing Adjustment Factor
= A$ 0.86 x 0.61902
€0.53
Value per share (EUR) From above. €0.53
Current discount Discount to share price of €1.27
= -1 x (€1.27 - €0.53) / €0.53
-137.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of A2B Australia is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 A2B Australia's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are A2B Australia's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:A22 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$0.07
ASX:A2B Share Price ** ASX (2019-04-23) in AUD A$2.05
Europe Commercial Services Industry PE Ratio Median Figure of 105 Publicly-Listed Commercial Services Companies 16.64x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.6x

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

** Primary Listing of A2B Australia.

DB:A22 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:A2B Share Price ÷ EPS (both in AUD)

= 2.05 ÷ 0.07

29.15x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • A2B Australia is overvalued based on earnings compared to the Europe Commercial Services industry average.
  • A2B Australia is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does A2B Australia's expected growth come at a high price?
Raw Data
DB:A22 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 29.15x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
Not available
Europe Commercial Services Industry PEG Ratio Median Figure of 53 Publicly-Listed Commercial Services Companies 1.43x
Germany Market PEG Ratio Median Figure of 269 Publicly-Listed Companies 1.56x

*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 A2B Australia, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on A2B Australia's assets?
Raw Data
DB:A22 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$1.35
ASX:A2B Share Price * ASX (2019-04-23) in AUD A$2.05
Germany Commercial Services Industry PB Ratio Median Figure of 8 Publicly-Listed Commercial Services Companies 2.03x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.84x
DB:A22 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:A2B Share Price ÷ Book Value per Share (both in AUD)

= 2.05 ÷ 1.35

1.52x

* Primary Listing of A2B Australia.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • A2B Australia is good value based on assets compared to the DE Commercial Services industry average.
X
Value checks
We assess A2B Australia'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 Commercial Services 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 Commercial Services industry average (and greater than 0)? (1 check)
  5. A2B Australia has a total score of 1/6, 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.

A22 Future Performance

 How is A2B Australia expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

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
25.2%
Expected annual growth in earnings per share.
Earnings growth vs Low Risk Savings
Is A2B Australia expected to grow at an attractive rate?
  • A2B Australia's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • A2B Australia's earnings growth is expected to exceed the Germany market average.
  • A2B Australia's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:A22 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:A22 Future Earnings per Share Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 25.2%
DB:A22 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 3.3%
Germany Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 31.2%
Germany Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 3.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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
DB:A22 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:A22 Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-06-30 213 2
2020-06-30 206 2
2019-06-30 199 2
DB:A22 Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 197 29 8
2018-09-30 191 29 3
2018-06-30 186 30 -2
2017-12-31 163 31 6
2017-09-30 157 35 10
2017-06-30 152 38 14
2016-12-31 159 45 -3
2016-09-30 164 46 4
2016-06-30 169 47 10
2016-03-31 172 21

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • A2B Australia's earnings are expected to grow significantly at over 20% yearly.
  • A2B Australia's revenue is expected to grow by 3.3% yearly, however this is not considered high growth (20% yearly).
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
DB:A22 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from A2B Australia Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:A22 Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-06-30 0.15 0.15 0.15 1.00
2020-06-30 0.13 0.13 0.13 1.00
2019-06-30 0.10 0.10 0.10 1.00
DB:A22 Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 0.07
2018-09-30 0.03
2018-06-30 -0.02
2017-12-31 0.05
2017-09-30 0.08
2017-06-30 0.11
2016-12-31 -0.03
2016-09-30 0.03
2016-06-30 0.09
2016-03-31 0.17

*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.
  • A2B Australia is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess A2B Australia'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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany 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.
A2B Australia has a total score of 3/6, 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.

A22 Past Performance

  How has A2B Australia 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 A2B Australia's growth in the last year to its industry (Commercial Services).
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.
  • A2B Australia's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • A2B Australia's 1-year earnings growth exceeds its 5-year average (35.2% vs -49%)
  • A2B Australia's earnings growth has exceeded the Europe Commercial Services industry average in the past year (35.2% vs 15.7%).
Earnings and Revenue History
A2B Australia'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 A2B Australia Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:A22 Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 196.52 8.42 98.97
2018-09-30 191.03 3.28 94.76
2018-06-30 185.54 -1.86 90.55
2017-12-31 162.89 6.23 76.84
2017-09-30 157.42 9.96 71.23
2017-06-30 151.95 13.70 65.62
2016-12-31 159.31 -3.27 63.89
2016-09-30 164.06 3.50 65.10
2016-06-30 168.81 10.28 66.32
2016-03-31 172.45 20.95 64.88
2015-12-31 176.08 31.63 63.44
2015-09-30 182.02 39.09 60.16
2015-06-30 187.96 46.55 56.89
2015-03-31 191.55 48.92 56.11
2014-12-31 195.13 51.30 55.33
2014-09-30 196.19 53.71 54.53
2014-06-30 197.25 56.12 53.72
2014-03-31 198.31 59.69 53.17
2013-12-31 199.38 63.27 52.62
2013-09-30 197.99 61.93 52.78
2013-06-30 196.60 60.59 52.93
2013-03-31 195.08 63.98 52.02
2012-12-31 193.56 67.37 51.10
2012-09-30 192.96 63.67 50.18
2012-06-30 192.35 59.97 49.27

*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.
  • A2B Australia has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • A2B Australia used its assets less efficiently than the Europe Commercial Services industry average last year based on Return on Assets.
  • A2B Australia has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess A2B Australia'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 Commercial Services 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.
A2B Australia has a total score of 3/6, 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.

A22 Health

 How is A2B Australia'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 A2B Australia's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • A2B Australia is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • A2B Australia's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of A2B Australia'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 35.4x debt.
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 A2B Australia Company Filings, last reported 3 months ago.

DB:A22 Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 162.74 2.70 18.12
2018-09-30 162.74 2.70 18.12
2018-06-30 162.20 3.05 22.25
2017-12-31 164.00 3.48 20.15
2017-09-30 164.00 3.48 20.15
2017-06-30 181.15 3.68 29.46
2016-12-31 270.81 100.69 205.86
2016-09-30 270.81 100.69 205.86
2016-06-30 387.02 109.79 13.04
2016-03-31 387.02 109.79 13.04
2015-12-31 402.20 120.91 20.69
2015-09-30 402.20 120.91 20.69
2015-06-30 393.04 129.18 23.86
2015-03-31 393.04 129.18 23.86
2014-12-31 386.89 140.77 24.17
2014-09-30 386.89 140.77 24.17
2014-06-30 366.29 159.96 41.86
2014-03-31 366.29 159.96 41.86
2013-12-31 364.60 150.61 23.93
2013-09-30 364.60 150.61 23.93
2013-06-30 339.13 197.67 43.92
2013-03-31 339.13 197.67 43.92
2012-12-31 333.01 175.34 36.29
2012-09-30 333.01 175.34 36.29
2012-06-30 320.77 166.47 51.16
  • A2B Australia's level of debt (1.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (41.3% vs 1.7% today).
  • Debt is well covered by operating cash flow (1075.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 25.1x coverage).
X
Financial health checks
We assess A2B Australia'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. A2B Australia 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.

A22 Dividends

 What is A2B Australia'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
3.9%
Current annual income from A2B Australia dividends. Estimated to be 4.11% next year.
If you bought €2,000 of A2B Australia shares you are expected to receive €78 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?
  • A2B Australia's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • A2B Australia's dividend is above the markets top 25% of dividend payers in Germany (3.71%).
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
DB:A22 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 2 Analyst Estimates (S&P Global) See Below
Germany Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 3.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:A22 Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2021-06-30 0.09 2.00
2020-06-30 0.08 2.00
2019-06-30 0.08 2.00
DB:A22 Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2019-02-26 0.080 3.786
2018-08-29 0.080 3.724
2018-02-27 0.080 3.887
2017-08-28 0.200 10.741
2017-02-27 0.200 7.618
2016-08-25 0.200 5.526
2016-02-25 0.200 5.960
2015-09-29 0.200 6.879
2015-08-20 0.200 6.674
2014-08-20 0.250 5.533
2013-08-21 0.300 7.429
2012-08-22 0.350 7.506
2011-08-25 0.300 5.972
2011-02-24 0.200 3.846
2010-08-26 0.340 5.994
2010-02-22 0.340 6.456
2009-08-27 0.340 5.768
2009-04-24 0.340 5.842

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of A2B Australia's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.5x coverage).
X
Income/ dividend checks
We assess A2B Australia's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 A2B Australia afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. A2B Australia 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.

A22 Management

 What is the CEO of A2B Australia'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
Andrew Skelton
COMPENSATION A$1,104,426
TENURE AS CEO 4.8 years
CEO Bio

Mr. Andrew Skelton has been the Managing Director of Cabcharge Australia Ltd. since December 2014. Mr. Skelton has been the Chief Executive Officer of Cabcharge Australia Ltd. since June 4, 2014 and also serves as its Director since December 10, 2014. He served as Company Secretary at Cabcharge Australia Ltd. since December 12, 2011 and as its Corporate Counsel since December 12, 2011.

CEO Compensation
  • Andrew's compensation has been consistent with company performance over the past year.
  • Andrew's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the A2B Australia management team in years:

4.4
Average Tenure
  • The tenure for the A2B Australia management team is about average.
Management Team

Andrew Skelton

TITLE
CEO, MD & Director
COMPENSATION
A$1M
TENURE
4.8 yrs

Ton van Hoof

TITLE
Chief Financial Officer
COMPENSATION
A$861K
TENURE
0.9 yrs

W. Lukabyo

TITLE
Chief Operating Officer
COMPENSATION
A$621K
TENURE
4.4 yrs

Deon Ludick

TITLE
Chief Technology Officer
COMPENSATION
A$546K
TENURE
2.8 yrs

Adrian Lucchese

TITLE
General Counsel & Company Secretary
COMPENSATION
A$537K
TENURE
4.5 yrs

Stuart Overell

TITLE
Chief Operating Officer of Taxi Services
COMPENSATION
A$548K
TENURE
7.3 yrs

Ben Wicks

TITLE
Executive General Manager of People & Culture
TENURE
3.6 yrs
Board of Directors Tenure

Average tenure of the A2B Australia board of directors in years:

2.2
Average Tenure
  • The average tenure for the A2B Australia board of directors is less than 3 years, this suggests a new board.
Board of Directors

Paul Oneile

TITLE
Independent Chairman
COMPENSATION
A$220K
AGE
69
TENURE
2.2 yrs

Andrew Skelton

TITLE
CEO, MD & Director
COMPENSATION
A$1M
TENURE
4.3 yrs

Rick Millen

TITLE
Independent Non-Executive Director
COMPENSATION
A$131K
TENURE
4.8 yrs

Louise McCann

TITLE
Independent Non-Executive Director
COMPENSATION
A$101K
TENURE
1.7 yrs

Cliff Rosenberg

TITLE
Independent Non-Executive Director
COMPENSATION
A$100K
AGE
54
TENURE
1.7 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 (€) Value (€)
17. Apr 19 Sell Wilson Asset Management (International) Pty Limited Company 10. Apr 19 10. Apr 19 -521,349 €1.36 €-707,717
17. Apr 19 Buy Wilson Asset Management (International) Pty Limited Company 28. Sep 18 27. Mar 19 349,387 €1.39 €480,250
17. Apr 19 Sell MAM Pty Limited Company 10. Apr 19 10. Apr 19 -520,745 €1.36 €-706,897
17. Apr 19 Buy MAM Pty Limited Company 28. Sep 18 27. Mar 19 188,779 €1.37 €256,463
07. Feb 19 Sell Realindex Investments Pty Limited Company 28. Aug 18 09. Oct 18 -288,346 €1.43 €-411,657
07. Feb 19 Buy Realindex Investments Pty Limited Company 04. Sep 18 06. Feb 19 949,782 €1.34 €1,268,265
07. Feb 19 Sell Colonial First State Asset Management (Australia) Limited Company 12. Sep 18 11. Jan 19 -801,733 €1.42 €-1,137,926
07. Feb 19 Buy Colonial First State Asset Management (Australia) Limited Company 05. Nov 18 09. Jan 19 478,001 €1.28 €611,562
22. Jan 19 Sell Pinnacle Fund Services Limited Company 27. Sep 18 17. Jan 19 -886,976 €1.35 €-1,198,339
11. Jan 19 Sell Investors Mutual Limited Company 05. Jul 18 06. Jul 18 -135,000 €1.60 €-216,239
11. Jan 19 Buy Investors Mutual Limited Company 01. Nov 17 10. Jan 19 1,380,000 €1.27 €1,748,003
01. Nov 18 Sell Spheria Asset Management Pty Ltd Company 10. Sep 18 11. Sep 18 -538,690 €1.46 €-787,312
01. Nov 18 Buy Spheria Asset Management Pty Ltd Company 16. Jul 18 30. Oct 18 1,770,648 €1.39 €2,458,117
15. Aug 18 Sell Realindex Investments Pty Limited Company 22. May 18 01. Aug 18 -72,486 €1.45 €-105,237
27. Sep 18 Buy Wilson Asset Management (International) Pty Limited Company 01. Jun 18 24. Sep 18 1,176,310 €1.44 €1,690,784
27. Sep 18 Buy MAM Pty Limited Company 01. Jun 18 24. Sep 18 761,601 €1.47 €1,090,082
14. Sep 18 Buy Louise McCann Individual 10. Sep 18 10. Sep 18 5,034 €1.44 €7,258
06. Sep 18 Buy Louise McCann Individual 30. Aug 18 05. Sep 18 4,966 €1.45 €6,727
15. Aug 18 Sell Colonial First State Asset Management (Australia) Limited Company 08. Jun 18 10. Jul 18 -419,830 €1.48 €-621,929
15. Aug 18 Buy Colonial First State Asset Management (Australia) Limited Company 04. Jun 18 19. Jul 18 181,242 €1.40 €254,506
09. Jul 18 Sell Pinnacle Investment Management Limited Company 28. Mar 18 06. Jul 18 -2,057,650 €1.52 €-3,127,084
09. Jul 18 Buy Pinnacle Investment Management Limited Company 17. May 18 27. Jun 18 469,348 €1.36 €639,676
09. Jul 18 Sell Spheria Asset Management Pty Ltd Company 06. Jun 18 06. Jul 18 -1,878,332 €1.68 €-2,891,323
09. Jul 18 Buy Spheria Asset Management Pty Ltd Company 17. May 18 27. Jun 18 469,348 €1.49 €643,867
X
Management checks
We assess A2B Australia'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. A2B Australia 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.

A22 News

Simply Wall St News

A22 Company Info

Description

A2B Australia Limited provides personal transport solutions to corporate account customers, passengers, drivers, and taxi operators in Australia. It provides bookings, trips, and payment facilities. The company offers Cabcharge Plus, a cloud based travel management solution, as well as provides real-time electronic trip information and ATO compliant receipt access services. It also provides non-cash methods for paying taxi fares under the Cabcharge FASTCARD and eTICKET names; Cabcharge gift cards; FAREWAYplus, a payment terminal; Cabcharge Digital Pass, a digital version of the Cabcharge paper-based single use eTICKET; Spotto, a handheld terminal for taxi drivers; and Giraffe, a handheld terminal for hire cars. In addition, the company offers taxi booking applications for the 13CABS, Silver Service, and Yellow Cabs brands. Further, it provides taxi fit-out and repair, vehicle financing and insurance, and driver education, training, and uniform services. Additionally, the company owns a portfolio of taxi license plates; and offers courier, car sales, and school bus route services, as well as provides software development for clients in the banking and retail sectors. The company was formerly known as Cabcharge Australia Limited and changed its name to A2B Australia Limited in November 2018. A2B Australia Limited was founded in 1976 and is based in Sydney, Australia.

Details
Name: A2B Australia Limited
A22
Exchange: DB
Founded: 1976
A$156,176,579
120,430,683
Website: http://www.a2baustralia.com
Address: A2B Australia Limited
152-162 Riley Street,
East Sydney,
Sydney,
New South Wales, 2010,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX A2B Ordinary Shares Australian Securities Exchange AU AUD 14. Dec 1999
DB A22 Ordinary Shares Deutsche Boerse AG DE EUR 14. Dec 1999
CHIA A2B Ordinary Shares Chi-X Australia AU AUD 14. Dec 1999
OTCPK CGAA.Y UNSPONSORED ADS Pink Sheets LLC US USD 03. Aug 2011
Number of employees
Current staff
Staff numbers
0
A2B Australia employees.
Industry
Diversified Support Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 22:26
End of day share price update: 2019/04/23 00:00
Last estimates confirmation: 2019/03/03
Last earnings filing: 2019/02/25
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


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.