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iSelect

DB:IZ3
Snowflake Description

Flawless balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
IZ3
DB
A$137M
Market Cap
  1. Home
  2. DE
  3. Consumer Services
Company description

iSelect Limited provides online comparison and expert advisory services of insurance, utilities, and personal financial products in Australia. The last earnings update was 118 days ago. More info.


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IZ3 Share Price and Events
7 Day Returns
-1.1%
DB:IZ3
1.5%
Europe Consumer Services
-3.6%
DE Market
1 Year Returns
-25.8%
DB:IZ3
-20.8%
Europe Consumer Services
-11.8%
DE Market
IZ3 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
iSelect (IZ3) -1.1% -0.8% -15.5% -25.8% -53.6% -51.1%
Europe Consumer Services 1.5% 2.3% 0.9% -20.8% -45.1% -50%
DE Market -3.6% -2.1% -0.8% -11.8% 12% 5.8%
1 Year Return vs Industry and Market
  • IZ3 underperformed the Consumer Services industry which returned -20.8% over the past year.
  • IZ3 underperformed the Market in Germany which returned -11.8% over the past year.
Price Volatility
IZ3
Industry
5yr Volatility vs Market

Value

 Is iSelect 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 iSelect 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 iSelect.

DB:IZ3 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.3%
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:IZ3
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Consumer Services Unlevered Beta Simply Wall St/ S&P Global 0.76
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.757 (1 + (1- 30%) (4.53%))
0.853
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.85
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.853 * 5.96%)
5.31%

Discounted Cash Flow Calculation for DB:IZ3 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for iSelect 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:IZ3 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 5.31%)
2019 -2.40 Analyst x1 -2.28
2020 7.10 Analyst x1 6.40
2021 6.40 Analyst x1 5.48
2022 5.94 Est @ -7.2% 4.83
2023 5.64 Est @ -4.97% 4.36
2024 5.45 Est @ -3.41% 4.00
2025 5.33 Est @ -2.32% 3.71
2026 5.24 Est @ -1.55% 3.46
2027 5.19 Est @ -1.02% 3.26
2028 5.16 Est @ -0.65% 3.07
Present value of next 10 years cash flows A$36.28
DB:IZ3 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= A$5.16 × (1 + 0.23%) ÷ (5.31% – 0.23%)
A$101.61
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$101.61 ÷ (1 + 5.31%)10
A$60.55
DB:IZ3 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$36.28 + A$60.55
A$96.83
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$96.83 / 218.74
A$0.44
DB:IZ3 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:IZ3 represents 0.5856x of ASX:ISU
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.5856x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (AUD) x Listing Adjustment Factor
= A$ 0.44 x 0.5856
€0.26
Value per share (EUR) From above. €0.26
Current discount Discount to share price of €0.37
= -1 x (€0.37 - €0.26) / €0.26
-41.2%

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

  • The current share price of iSelect 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 iSelect's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are iSelect's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:IZ3 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$-0.08
ASX:ISU Share Price ** ASX (2019-06-14) in AUD A$0.63
Europe Consumer Services Industry PE Ratio Median Figure of 10 Publicly-Listed Consumer Services Companies 18.34x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.7x

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

** Primary Listing of iSelect.

DB:IZ3 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 0.63 ÷ -0.08

-7.74x

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

  • iSelect is loss making, we can't compare its value to the Europe Consumer Services industry average.
  • iSelect is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does iSelect's expected growth come at a high price?
Raw Data
DB:IZ3 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -7.74x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
61.6%per year
Europe Consumer Services Industry PEG Ratio Median Figure of 7 Publicly-Listed Consumer Services Companies 1.24x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.47x

*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 iSelect, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on iSelect's assets?
Raw Data
DB:IZ3 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$0.72
ASX:ISU Share Price * ASX (2019-06-14) in AUD A$0.63
Europe Consumer Services Industry PB Ratio Median Figure of 18 Publicly-Listed Consumer Services Companies 1.85x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.76x
DB:IZ3 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.63 ÷ 0.72

0.87x

* Primary Listing of iSelect.

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

  • iSelect is good value based on assets compared to the Europe Consumer Services industry average.
X
Value checks
We assess iSelect'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 Consumer 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 Consumer Services industry average (and greater than 0)? (1 check)
  5. iSelect 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.

Future Performance

 How is iSelect expected to perform in the next 1 to 3 years based on estimates from 3 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
61.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is iSelect expected to grow at an attractive rate?
  • iSelect's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • iSelect's earnings growth is expected to exceed the Germany market average.
  • iSelect's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:IZ3 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:IZ3 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 61.6%
DB:IZ3 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 4.8%
Europe Consumer Services Industry Earnings Growth Rate Market Cap Weighted Average 13.7%
Europe Consumer Services Industry Revenue Growth Rate Market Cap Weighted Average 7.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*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:IZ3 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:IZ3 Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-06-30 190 14 16 3
2020-06-30 179 14 14 3
2019-06-30 169 6 12 3
DB:IZ3 Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 176 7 -18
2018-09-30 179 6 -15
2018-06-30 181 5 -13
2018-03-31 182 14 -2
2017-12-31 187 20 12
2017-09-30 186 25 14
2017-06-30 185 31 16
2017-03-31 184 28 18
2016-12-31 184 26 20
2016-09-30 178 19 16
2016-06-30 172 11 13
2016-03-31 165 14 6

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • iSelect's earnings are expected to grow significantly at over 20% yearly.
  • iSelect's revenue is expected to grow by 4.8% 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:IZ3 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from iSelect Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:IZ3 Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-06-30 0.07 0.08 0.06 3.00
2020-06-30 0.06 0.07 0.05 3.00
2019-06-30 0.00 0.00 0.00 2.00
DB:IZ3 Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 -0.08
2018-09-30 -0.07
2018-06-30 -0.06
2018-03-31 -0.01
2017-12-31 0.05
2017-09-30 0.06
2017-06-30 0.07
2017-03-31 0.08
2016-12-31 0.08
2016-09-30 0.07
2016-06-30 0.05
2016-03-31 0.03

*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.
  • iSelect is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess iSelect'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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
iSelect 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.

Past Performance

  How has iSelect 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 iSelect's growth in the last year to its industry (Consumer 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.
  • iSelect does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare iSelect's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare iSelect's 1-year growth to the Europe Consumer Services industry average as it is not currently profitable.
Earnings and Revenue History
iSelect'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 iSelect Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:IZ3 Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 175.65 -17.57 39.87
2018-09-30 178.54 -15.43 38.87
2018-06-30 181.44 -13.30 37.87
2018-03-31 182.28 -1.61 36.58
2017-12-31 186.73 12.23 36.44
2017-09-30 185.92 14.31 37.12
2017-06-30 185.10 16.39 37.80
2017-03-31 184.40 18.01 37.16
2016-12-31 183.69 19.64 36.52
2016-09-30 177.78 16.27 36.87
2016-06-30 171.87 12.91 37.23
2016-03-31 164.86 6.49 38.66
2015-12-31 157.85 0.07 40.09
2015-09-30 157.53 4.85 39.01
2015-06-30 157.21 9.64 37.92
2015-03-31 143.69 8.81 36.50
2014-12-31 130.16 7.98 35.09
2014-09-30 125.26 7.12 34.95
2014-06-30 120.37 6.26 34.81
2014-03-31 123.51 11.56 33.35
2013-12-31 126.66 16.85 31.88
2013-09-30 122.35 15.11 31.18
2013-06-30 118.04 13.37 30.49
2012-06-30 111.93 12.93 30.51

*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.
  • It is difficult to establish if iSelect has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if iSelect has efficiently used its assets last year compared to the Europe Consumer Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if iSelect improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess iSelect'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 Consumer 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.
iSelect has a total score of 0/6, 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 iSelect'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 iSelect's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • iSelect is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • iSelect's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of iSelect'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.
  • iSelect 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 iSelect Company Filings, last reported 5 months ago.

DB:IZ3 Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 157.60 6.19 29.20
2018-09-30 157.60 6.19 29.20
2018-06-30 181.79 0.00 33.05
2018-03-31 181.79 0.00 33.05
2017-12-31 199.40 0.15 34.18
2017-09-30 199.40 0.15 34.18
2017-06-30 225.21 0.00 80.40
2017-03-31 225.21 0.00 80.40
2016-12-31 218.14 0.00 73.22
2016-09-30 218.14 0.00 73.22
2016-06-30 234.61 0.00 87.62
2016-03-31 234.61 0.00 87.62
2015-12-31 242.99 0.00 102.52
2015-09-30 242.99 0.00 102.52
2015-06-30 246.92 0.00 70.54
2015-03-31 246.92 0.00 70.54
2014-12-31 242.77 0.00 58.71
2014-09-30 242.77 0.00 58.71
2014-06-30 236.30 0.00 75.91
2014-03-31 236.30 0.00 75.91
2013-12-31 233.60 0.00 83.46
2013-09-30 233.60 0.00 83.46
2013-06-30 227.73 0.00 85.32
2012-06-30 93.01 35.00 20.01
  • iSelect has no debt.
  • iSelect had no debt 5 years ago.
  • iSelect has no debt, it does not need to be covered by operating cash flow.
  • iSelect has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess iSelect'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. iSelect 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 iSelect'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
0%
Current annual income from iSelect dividends. Estimated to be 4.46% next year.
If you bought €2,000 of iSelect shares you are expected to receive €0 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?
  • Unable to evaluate iSelect's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate iSelect's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:IZ3 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 3 Analyst Estimates (S&P Global) See Below
Europe Consumer Services Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 2.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3.2%
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 3.9%

Industry and Market average data is calculated daily.

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

DB:IZ3 Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2021-06-30 0.04 3.00
2020-06-30 0.03 3.00
2019-06-30 0.00 2.00
DB:IZ3 Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2019-02-18 0.000 0.000
2018-08-13 0.000 0.000
2018-02-15 0.055 6.897
2017-08-15 0.055 3.717
2017-02-20 0.030 1.490
2016-08-29 0.030 1.673
2016-02-24 0.020 1.767

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

  • Unable to perform a dividend volatility check as iSelect has not reported any payouts.
  • Unable to verify if iSelect's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of iSelect's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as iSelect has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.9x coverage).
X
Income/ dividend checks
We assess iSelect'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 iSelect afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. iSelect has a total score of 1/6, 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 iSelect'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
Brodie Arnhold
COMPENSATION A$789,192
TENURE AS CEO 1.2 years
CEO Bio

Mr. Broderick Ernst George Arnhold, also known as Brodie, has been the Chief Executive Officer at iSelect Ltd. since August 14, 2018 and its Executive Director since April 2018. Mr. Arnhold was an Acting-Chief Executive Officer at iSelect Ltd. since April 2018 until August 14, 2018. He first joined iSelect as a Board member in September 2014 and has over 15 years’ domestic and international experience in private equity, investment banking and corporate finance. He serves as the Chairman of Shaver Shop Pty Ltd. Mr. Arnhold served as the Chief Executive Officer at Melbourne Racing Club Inc until December 2017. He served as an Honorary Treasurer of Melbourne Racing Club Inc. Prior to this, he worked for Investec Bank from 2010 to 2013, where he was responsible for building a high-net-worth private client business. Prior to this, he worked for Westpac Banking Corporation where he grew the institutional bank's presence in Victoria, South Australia and Western Australia and he served as an Investment Director at Westpac's private equity fund from 2006 to 2010. During his career, he has also worked at leading accounting and investment firms including Deloitte (Australia), Nomura (UK) and Goldman Sachs (Hong Kong). He serves as an Independent Non-Executive Chairman at Shaver Shop Group Limited. He serves as the Chairman of Endota Day Spa Holdings. He serves as a Director of Racing.com. He was an Independent Non-Executive Director at iSelect Ltd. since September 25, 2014 until April 2018. He is a Member of the Institute of Chartered Accountants Australia (ICAA). Mr. Arnhold holds a Bachelor of Commerce and MBA from the University of Melbourne.

CEO Compensation
  • Brodie's compensation has increased whilst company is loss making.
  • Brodie's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the iSelect management team in years:

1.2
Average Tenure
  • The average tenure for the iSelect management team is less than 2 years, this suggests a new team.
Management Team

Brodie Arnhold

TITLE
CEO & Executive Director
COMPENSATION
A$789K
TENURE
1.2 yrs

Vicki Pafumi

TITLE
Chief Financial Officer
COMPENSATION
A$398K
TENURE
0.9 yrs

Henriette Rothschild

TITLE
Chief Operating Officer
COMPENSATION
A$467K
TENURE
1.8 yrs

Warren Hebard

TITLE
Chief Marketing Officer
COMPENSATION
A$373K
TENURE
1.2 yrs

Slade Sherman

TITLE
Chief Experience Officer
COMPENSATION
A$159K
TENURE
1.3 yrs

Mark Licciardo

TITLE
Company Secretary
AGE
54
TENURE
0.7 yrs
Board of Directors Tenure

Average tenure of the iSelect board of directors in years:

4.3
Average Tenure
  • The tenure for the iSelect board of directors is about average.
Board of Directors

Chris Knoblanche

TITLE
Non-Executive Chairman
COMPENSATION
A$270K
TENURE
3.9 yrs

Brodie Arnhold

TITLE
CEO & Executive Director
COMPENSATION
A$789K
TENURE
4.8 yrs

Shaun Bonett

TITLE
Independent Non-Executive Director
COMPENSATION
A$115K
TENURE
16.1 yrs

Melanie Wilson

TITLE
Independent Non-Executive Director
COMPENSATION
A$97K
TENURE
3.2 yrs

Bridget Fair

TITLE
Independent Non-Executive Director
COMPENSATION
A$95K
TENURE
5.8 yrs

Geoff Stalley

TITLE
Non-Executive Director
TENURE
0.5 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 (€)
29. May 19 Buy Burgundy Asset Management Ltd. Company 08. Feb 19 27. May 19 7,889,102 €0.40 €3,132,502
11. Apr 19 Buy Thorney International Pty Ltd Company 05. Apr 19 08. Apr 19 2,307,219 €0.39 €897,418
11. Apr 19 Buy Thorney Technologies Ltd Company 02. Apr 19 11. Apr 19 1,410,873 €0.40 €555,666
07. Mar 19 Buy Christopher Knoblanche Individual 05. Mar 19 05. Mar 19 75,000 €0.46 €34,445
21. Feb 19 Buy Geoffrey Stalley Individual 21. Feb 19 21. Feb 19 30,000 €0.49 €14,611
23. Jan 19 Sell Adam Smith Asset Management Pty Limited Company 23. Oct 18 21. Jan 19 -1,933,295 €0.46 €-882,003
23. Jan 19 Buy Adam Smith Asset Management Pty Limited Company 23. Oct 18 21. Jan 19 790,000 €0.41 €325,748
07. Dec 18 Buy Innovation Holdings Australia Pty Ltd Company 26. Sep 18 06. Dec 18 6,540,000 €0.48 €3,071,020
07. Nov 18 Sell NovaPort Capital Pty Limited Company 14. Jun 18 19. Oct 18 -2,585,763 €0.54 €-1,329,744
02. Nov 18 Sell Quest Asset Partners Pty Ltd. Company 29. Sep 17 31. Oct 18 -1,092 €0.96 €-1,052
02. Nov 18 Buy Quest Asset Partners Pty Ltd. Company 29. Sep 17 31. Oct 18 1,072,118 €0.52 €561,864
25. Oct 18 Sell Adam Smith Asset Management Pty Limited Company 24. Apr 18 22. Oct 18 -3,704,090 €0.46 €-1,700,892
25. Oct 18 Buy Adam Smith Asset Management Pty Limited Company 24. Apr 18 22. Oct 18 727,747 €0.44 €321,668
27. Sep 18 Buy Renaissance Smaller Companies Pty Ltd Company 23. Aug 18 25. Sep 18 5,312,402 €0.42 €2,244,687
24. Aug 18 Buy Renaissance Smaller Companies Pty Ltd Company 15. Aug 18 22. Aug 18 3,024,533 €0.51 €1,530,188
16. Aug 18 Buy Renaissance Smaller Companies Pty Ltd Company 30. Jun 18 14. Aug 18 2,320,131 €0.51 €1,184,864
03. Jul 18 Buy Renaissance Smaller Companies Pty Ltd Company 28. Feb 18 29. Jun 18 11,223,022 €0.52 €5,857,576
X
Management checks
We assess iSelect'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. iSelect 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

Company Info

Description

iSelect Limited provides online comparison and expert advisory services of insurance, utilities, and personal financial products in Australia. The company operates through three segments: Health, Life and General Insurance, and Energy and Telecommunications. It compares and sells private health insurance, life, car, pet, travel, and home and contents insurance; and broadband, mobile phones and plans, energy, home loans, and personal finance products. The company offers its services under the iSelect, InfoChoice, iMoney, and Energy Watch brands. iSelect Limited was founded in 2000 and is headquartered in Cheltenham, Australia.

Details
Name: iSelect Limited
IZ3
Exchange: DB
Founded: 2000
A$83,750,951
218,739,325
Website: http://www.iselect.com.au
Address: iSelect Limited
294 Bay Road,
Cheltenham,
Victoria, 3192,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX ISU Ordinary Shares Australian Securities Exchange AU AUD 24. Jun 2013
DB IZ3 Ordinary Shares Deutsche Boerse AG DE EUR 24. Jun 2013
CHIA ISU Ordinary Shares Chi-X Australia AU AUD 24. Jun 2013
Number of employees
Current staff
Staff numbers
0
iSelect employees.
Industry
Specialized Consumer Services
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/15 22:05
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2019/02/17
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.