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Washington H. Soul Pattinson

BST:WD3
Snowflake Description

Adequate balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
WD3
BST
A$6B
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Washington H. Soul Pattinson and Company Limited, together with its subsidiaries, engages in the ownership of shares, coal mining, gold and copper mining and refining, property investment, and consulting businesses. The last earnings update was 31 days ago. More info.


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  • Washington H. Soul Pattinson has significant price volatility in the past 3 months.
WD3 Share Price and Events
7 Day Returns
-2.9%
BST:WD3
1.4%
DE Oil and Gas
1.8%
DE Market
1 Year Returns
26.8%
BST:WD3
19%
DE Oil and Gas
-6%
DE Market
WD3 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Washington H. Soul Pattinson (WD3) -2.9% -17.4% -9.5% 26.8% 30.6% 46.8%
DE Oil and Gas 1.4% 3.4% 10.4% 19% 4.1% 50.3%
DE Market 1.8% 4.2% 7.4% -6% 10.1% 15.4%
1 Year Return vs Industry and Market
  • WD3 outperformed the Oil and Gas industry which returned 19% over the past year.
  • WD3 outperformed the Market in Germany which returned -6% over the past year.
Price Volatility
WD3
Industry
5yr Volatility vs Market

WD3 Value

 Is Washington H. Soul Pattinson 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 Washington H. Soul Pattinson 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 Washington H. Soul Pattinson.

BST:WD3 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 6.1%
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 BST:WD3
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.95
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.954 (1 + (1- 30%) (4.49%))
0.989
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.99
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.989 * 5.96%)
6.12%

Discounted Cash Flow Calculation for BST:WD3 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Washington H. Soul Pattinson 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.

BST:WD3 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 6.12%)
2019 -588.00 Analyst x1 -554.08
2020 231.00 Analyst x1 205.12
2021 181.55 Est @ -21.41% 151.91
2022 154.47 Est @ -14.92% 121.79
2023 138.44 Est @ -10.37% 102.86
2024 128.48 Est @ -7.19% 89.95
2025 122.10 Est @ -4.97% 80.55
2026 117.94 Est @ -3.41% 73.32
2027 115.21 Est @ -2.32% 67.49
2028 113.42 Est @ -1.55% 62.61
Present value of next 10 years cash flows A$401.52
BST:WD3 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= A$113.42 × (1 + 0.23%) ÷ (6.12% – 0.23%)
A$1,928.72
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$1,928.72 ÷ (1 + 6.12%)10
A$1,064.68
BST:WD3 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$401.52 + A$1,064.68
A$1,466.20
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$1,466.20 / 239.40
A$6.12
BST:WD3 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BST:WD3 represents 0.6282x of ASX:SOL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.6282x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (AUD) x Listing Adjustment Factor
= A$ 6.12 x 0.6282
€3.85
Value per share (EUR) From above. €3.85
Current discount Discount to share price of €14.79
= -1 x (€14.79 - €3.85) / €3.85
-284.5%

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

  • The current share price of Washington H. Soul Pattinson 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 Washington H. Soul Pattinson's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Washington H. Soul Pattinson's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:WD3 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-01-31) in AUD A$1.23
ASX:SOL Share Price ** ASX (2019-04-18) in AUD A$23.55
Germany Oil and Gas Industry PE Ratio Median Figure of 5 Publicly-Listed Oil and Gas Companies 17.21x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.59x

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

** Primary Listing of Washington H. Soul Pattinson.

BST:WD3 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 23.55 ÷ 1.23

19.11x

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

  • Washington H. Soul Pattinson is overvalued based on earnings compared to the DE Oil and Gas industry average.
  • Washington H. Soul Pattinson is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Washington H. Soul Pattinson's expected growth come at a high price?
Raw Data
BST:WD3 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 19.11x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
7.1%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 58 Publicly-Listed Oil and Gas Companies 0.99x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

BST:WD3 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 19.11x ÷ 7.1%

2.68x

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

  • Washington H. Soul Pattinson is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Washington H. Soul Pattinson's assets?
Raw Data
BST:WD3 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-01-31) in AUD A$14.40
ASX:SOL Share Price * ASX (2019-04-18) in AUD A$23.55
Germany Oil and Gas Industry PB Ratio Median Figure of 7 Publicly-Listed Oil and Gas Companies 0.89x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.84x
BST:WD3 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 23.55 ÷ 14.40

1.64x

* Primary Listing of Washington H. Soul Pattinson.

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

  • Washington H. Soul Pattinson is overvalued based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Washington H. Soul Pattinson'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 Oil and Gas 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 Oil and Gas industry average (and greater than 0)? (1 check)
  5. Washington H. Soul Pattinson 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.

WD3 Future Performance

 How is Washington H. Soul Pattinson 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
7.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Washington H. Soul Pattinson expected to grow at an attractive rate?
  • Washington H. Soul Pattinson's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Washington H. Soul Pattinson's earnings growth is positive but not above the Germany market average.
  • Washington H. Soul Pattinson's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
BST:WD3 Future Growth Rates Data Sources
Data Point Source Value (per year)
BST:WD3 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 7.1%
BST:WD3 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 7%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 7.8%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.5%
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
BST:WD3 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months 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.
BST:WD3 Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-07-31 1,574 576 340 1
2019-07-31 1,441 492 355 1
BST:WD3 Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-01-31 1,425 471 295
2018-10-31 1,348 490 281
2018-07-31 1,270 508 267
2018-04-30 1,232 492 304
2018-01-31 1,195 476 336
2017-10-31 1,147 438 335
2017-07-31 1,099 399 334
2017-04-30 971 300 268
2017-01-31 844 200 203
2016-10-31 803 160 176
2016-07-31 762 120 149
2016-04-30 720 151 130

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Washington H. Soul Pattinson's earnings are expected to grow by 7.1% yearly, however this is not considered high growth (20% yearly).
  • Washington H. Soul Pattinson's revenue is expected to grow by 7% 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
BST:WD3 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Washington H. Soul Pattinson Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:WD3 Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-07-31 1.42 1.42 1.42 1.00
2019-07-31 1.48 1.48 1.48 1.00
BST:WD3 Past Financials Data
Date (Data in AUD Millions) EPS *
2019-01-31 1.23
2018-10-31 1.17
2018-07-31 1.11
2018-04-30 1.27
2018-01-31 1.40
2017-10-31 1.40
2017-07-31 1.39
2017-04-30 1.12
2017-01-31 0.85
2016-10-31 0.74
2016-07-31 0.62
2016-04-30 0.54

*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.
  • Unable to establish if Washington H. Soul Pattinson will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Washington H. Soul Pattinson'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.
Washington H. Soul Pattinson has a total score of 2/6, 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.

WD3 Past Performance

  How has Washington H. Soul Pattinson 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 Washington H. Soul Pattinson's growth in the last year to its industry (Oil and Gas).
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.
  • Washington H. Soul Pattinson has delivered over 20% year on year earnings growth in the past 5 years.
  • Washington H. Soul Pattinson's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Washington H. Soul Pattinson's 1-year earnings growth is negative, it can't be compared to the Europe Oil and Gas industry average.
Earnings and Revenue History
Washington H. Soul Pattinson'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 Washington H. Soul Pattinson Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:WD3 Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-01-31 1,425.25 294.95 257.22
2018-10-31 1,347.61 280.90 241.03
2018-07-31 1,269.98 266.85 224.83
2018-04-30 1,232.29 303.54 217.38
2018-01-31 1,194.70 335.53 216.58
2017-10-31 1,146.78 334.57 213.47
2017-07-31 1,098.86 333.61 210.37
2017-04-30 971.31 268.30 204.43
2017-01-31 843.75 202.98 198.50
2016-10-31 802.66 176.20 193.45
2016-07-31 761.56 149.42 188.41
2016-04-30 719.50 130.41 179.36
2016-01-31 677.44 111.39 170.32
2015-10-31 661.77 97.36 176.16
2015-07-31 646.11 83.33 182.01
2015-04-30 678.69 104.33 186.82
2015-01-31 711.27 125.34 191.63
2014-10-31 708.29 128.53 190.27
2014-07-31 705.31 131.73 188.92
2014-04-30 730.54 118.31 192.43
2014-01-31 755.77 104.89 195.95
2013-10-31 774.48 105.16 198.20
2013-07-31 793.19 105.42 200.45
2013-04-30 814.08 111.81 201.36
2013-01-31 834.97 118.19 202.26
2012-10-31 871.43 130.59 205.86
2012-07-31 907.90 142.99 209.45
2012-04-30 903.45 160.50 202.42

*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.
  • Washington H. Soul Pattinson has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Washington H. Soul Pattinson used its assets less efficiently than the DE Oil and Gas industry average last year based on Return on Assets.
  • Washington H. Soul Pattinson has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Washington H. Soul Pattinson'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 Oil and Gas 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.
Washington H. Soul Pattinson has a total score of 2/6, 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.

WD3 Health

 How is Washington H. Soul Pattinson'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 Washington H. Soul Pattinson's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Washington H. Soul Pattinson is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Washington H. Soul Pattinson's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Washington H. Soul Pattinson'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 2.1x 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 Washington H. Soul Pattinson Company Filings, last reported 2 months ago.

BST:WD3 Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-01-31 4,453.68 252.95 181.65
2018-10-31 4,453.68 252.95 181.65
2018-07-31 4,341.61 45.07 613.91
2018-04-30 4,341.61 45.07 613.91
2018-01-31 4,284.51 34.32 573.97
2017-10-31 4,284.51 34.32 573.97
2017-07-31 4,038.31 75.48 349.31
2017-04-30 4,038.31 75.48 349.31
2017-01-31 3,842.86 94.06 299.78
2016-10-31 3,842.86 94.06 299.78
2016-07-31 3,746.65 87.73 205.97
2016-04-30 3,746.65 87.73 205.97
2016-01-31 3,748.20 79.73 1,163.44
2015-10-31 3,748.20 79.73 1,163.44
2015-07-31 3,774.44 47.45 1,297.74
2015-04-30 3,774.44 47.45 1,297.74
2015-01-31 3,796.69 56.84 1,385.39
2014-10-31 3,796.69 56.84 1,385.39
2014-07-31 3,840.13 91.94 1,379.72
2014-04-30 3,840.13 91.94 1,379.72
2014-01-31 3,781.46 83.37 1,411.65
2013-10-31 3,781.46 83.37 1,411.65
2013-07-31 3,750.02 59.88 1,538.58
2013-04-30 3,750.02 59.88 1,538.58
2013-01-31 3,797.89 49.01 1,601.16
2012-10-31 3,797.89 49.01 1,601.16
2012-07-31 3,773.88 52.87 1,809.27
2012-04-30 3,773.88 52.87 1,809.27
  • Washington H. Soul Pattinson's level of debt (5.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (2.2% vs 5.7% today).
  • Debt is well covered by operating cash flow (186.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 23x coverage).
X
Financial health checks
We assess Washington H. Soul Pattinson'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. Washington H. Soul Pattinson has a total score of 4/6, 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.

WD3 Dividends

 What is Washington H. Soul Pattinson'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
2.42%
Current annual income from Washington H. Soul Pattinson dividends. Estimated to be 2.51% next year.
If you bought €2,000 of Washington H. Soul Pattinson shares you are expected to receive €48 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?
  • Washington H. Soul Pattinson's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • Washington H. Soul Pattinson's dividend is below the markets top 25% of dividend payers in Germany (3.72%).
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
BST:WD3 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
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 61 Stocks 5.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 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.

BST:WD3 Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2020-07-31 0.60 1.00
2019-07-31 0.58 1.00
BST:WD3 Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2019-03-20 0.570 2.198
2018-10-22 0.560 2.034
2018-09-19 0.560 2.110
2018-03-21 0.550 2.657
2017-09-20 0.540 3.174
2017-03-22 0.530 2.994
2016-10-24 0.520 3.329
2016-09-21 0.520 3.260
2015-09-23 0.500 3.053
2014-10-23 0.480 3.444
2014-09-24 0.480 3.329
2013-10-21 0.460 3.096
2013-09-18 0.460 3.297
2012-09-20 0.440 3.205
2012-03-22 0.420 3.159
2011-09-22 0.400 2.934
2011-03-24 0.350 2.759
2010-10-26 0.340 2.710
2010-09-22 0.340 2.576
2009-09-24 0.320 2.395
2009-04-21 0.310 2.893

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Washington H. Soul Pattinson's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.2x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Washington H. Soul Pattinson'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 Washington H. Soul Pattinson afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Washington H. Soul Pattinson has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

WD3 Management

 What is the CEO of Washington H. Soul Pattinson'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
Todd Barlow
COMPENSATION A$3,101,247
AGE 39
TENURE AS CEO 5 years
CEO Bio

Mr. Todd James Barlow, B.Bus, LLB(Hons)(UTS), has been Chief Executive Officer, Managing Director and Executive Director at Washington H. Soul Pattinson and Company Limited (WHSP) since April 1, 2014, October 14, 2015 and October 14, 2015 respectively. Mr. Barlow has been employed with the WHSP Group for over a decade. He served as Managing Director of Pitt Capital Partners Limited since 2009. He has extensive experience in mergers and acquisitions, equity capital markets and investing and has been responsible for a number of WHSP’s investments since joining the WHSP Group in 2004. His career has spanned positions in law and investment banking in Sydney and Hong Kong. Prior to his career in investment banking, he was a solicitor at a large corporate law firm. He served as Non Executive Director of PM Capital Asian Opportunities Fund Limited from 2015 to 2017. He has been a Non Executive Director of TPI Enterprises Ltd., since June 18, 2015 and Director of CopperChem Limited since March 31, 2015. He serves as Member of Board of Managers at Commonwealth Agri Energy, LLC. He has been Non Executive Director of New Hope Corporation Limited since April 22, 2015. He serves as Director of CopperChem, Cromford Group. He served as Non Executive Director of BlueNRGY Group Limited from February 11, 2011 to July 18, 2014. Mr. Barlow holds a Bachelor of Business and Bachelor of Laws from the University of Technology, Sydney.

CEO Compensation
  • Todd's compensation has increased by more than 20% in the past year.
  • Todd's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Washington H. Soul Pattinson management team in years:

5.1
Average Tenure
53
Average Age
  • The average tenure for the Washington H. Soul Pattinson management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Todd Barlow

TITLE
MD, CEO & Director
COMPENSATION
A$3M
AGE
39
TENURE
5 yrs

David Grbin

TITLE
Chief Financial Officer
COMPENSATION
A$546K
AGE
53
TENURE
1 yrs

Ian Bloodworth

TITLE
Company Secretary
COMPENSATION
A$519K
TENURE
11.8 yrs

Shane Stephan

TITLE
Managing Director of New Hope Corporation Limited
COMPENSATION
A$2M
TENURE
9.7 yrs

Matthew Busch

TITLE
Chief Financial Officer of New Hope Croporation Limited
COMPENSATION
A$829K
TENURE
5.2 yrs

Andrew Boyd

TITLE
Chief Operating Officer of New Hope Croporation Limited
COMPENSATION
A$960K
TENURE
3.3 yrs

Don Taig

TITLE
Managing Director of KH Foods Limited
COMPENSATION
A$357K
AGE
61

M. Simmons

TITLE
Chief Executive Officer of Telecommunications - SP Telemedia Limited
COMPENSATION
A$605K

M. Smith

TITLE
Executive Officer of New Hope Corporation Limited
COMPENSATION
A$476K
Board of Directors Tenure

Average tenure and age of the Washington H. Soul Pattinson board of directors in years:

4.4
Average Tenure
53.5
Average Age
  • The tenure for the Washington H. Soul Pattinson board of directors is about average.
Board of Directors

Rob Millner

TITLE
Chairman of the Board
COMPENSATION
A$712K
AGE
67
TENURE
21.3 yrs

Todd Barlow

TITLE
MD, CEO & Director
COMPENSATION
A$3M
AGE
39
TENURE
3.5 yrs

Mike Hawker

TITLE
Lead Independent Director
COMPENSATION
A$198K
AGE
59
TENURE
1.3 yrs

Warwick Negus

TITLE
Non-Executive Independent Director
COMPENSATION
A$199K
TENURE
4.4 yrs

Robert Westphal

TITLE
Non-Executive Independent Director
COMPENSATION
A$201K
TENURE
13.3 yrs

Tom Dobson Millner

TITLE
Non-Executive Director
COMPENSATION
A$321K
TENURE
8.3 yrs

Tiffany Fuller

TITLE
Non-Executive Independent Director
COMPENSATION
A$126K
AGE
48
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Washington H. Soul Pattinson insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
08. Apr 19 Buy Robert Millner Individual 05. Apr 19 05. Apr 19 60,000 €15.99 €959,149
29. Mar 19 Buy Robert Millner Individual 28. Mar 19 28. Mar 19 50,000 €17.04 €852,072
02. Dec 18 Sell Brickworks Limited Company 03. Dec 18 03. Dec 18 -2,000,000 €17.01 €-34,016,284
02. Dec 18 Sell Brickworks Limited Company 27. Nov 18 30. Nov 18 -5,942,975 €18.16 €0
30. Nov 18 Sell Brickworks Limited Company 30. Nov 18 30. Nov 18 -5,900,000 €17.04 €-100,519,459
26. Sep 18 Buy Robert Millner Individual 21. Sep 18 21. Sep 18 25,000 €15.09 €377,319
X
Management checks
We assess Washington H. Soul Pattinson'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. Washington H. Soul Pattinson 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.

WD3 News

Simply Wall St News

WD3 Company Info

Description

Washington H. Soul Pattinson and Company Limited, together with its subsidiaries, engages in the ownership of shares, coal mining, gold and copper mining and refining, property investment, and consulting businesses. The company operates through Investing Activities; Energy; Copper, Gold and Zinc Operations; and Property segments. The Investing Activities segment invests in cash, term deposits, corporate debts, and diversified equity investments portfolio. The Energy segment is involved in the coal, oil, and gas activities, which include exploration, development, production, processing, associated transport infrastructure, and ancillary activities. The Copper, Gold and Zinc Operations segment engages in copper, gold, and zinc mining activities comprising exploration, mining, and processing of ore into copper and zinc concentrate, copper sulphide, and gold. The Property segment is involved in property investment activities, such as the identification, management, and rental of real estate properties. Washington H. Soul Pattinson and Company Limited was founded in 1872 and is based in Sydney, Australia.

Details
Name: Washington H. Soul Pattinson and Company Limited
WD3
Exchange: BST
Founded: 1872
A$3,584,110,961
239,395,320
Website: http://www.whsp.com.au
Address: Washington H. Soul Pattinson and Company Limited
151 Clarence Street,
Level 14,
Sydney,
New South Wales, 2000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX SOL Ordinary Shares Australian Securities Exchange AU AUD 02. Jan 1992
BST WD3 Ordinary Shares Boerse-Stuttgart DE EUR 02. Jan 1992
CHIA SOL Ordinary Shares Chi-X Australia AU AUD 02. Jan 1992
Number of employees
Current staff
Staff numbers
0
Washington H. Soul Pattinson employees.
Industry
Coal and Consumable Fuels
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/20 21:35
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/04
Last earnings filing: 2019/03/20
Last earnings reported: 2019/01/31
Last annual earnings reported: 2018/07/31


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.