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Greencross

DB:GE8
Snowflake Description

Reasonable growth potential with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GE8
DB
A$673M
Market Cap
  1. Home
  2. DE
  3. Retail
Company description

Greencross Limited, an integrated pet care company, provides veterinary services in Australia and New Zealand. The last earnings update was 192 days ago. More info.


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GE8 Share Price and Events
7 Day Returns
0%
DB:GE8
2.6%
DE Specialty Retail
1.4%
DE Market
1 Year Returns
-
DB:GE8
-30.7%
DE Specialty Retail
-10.7%
DE Market
GE8 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Greencross (GE8) 0% 0.6% 0.9% - - -
DE Specialty Retail 2.6% 6.9% 6.8% -30.7% -46.9% -52.1%
DE Market 1.4% 1.5% 1.1% -10.7% 9.9% 7.9%
1 Year Return vs Industry and Market
  • No trading data on GE8.
  • No trading data on GE8.
Price Volatility
GE8
Industry
5yr Volatility vs Market

GE8 Value

 Is Greencross 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 Greencross 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    Our calculation method for this is changing soon.

Below are the data sources, inputs and calculation used to determine the intrinsic value for Greencross.

DB:GE8 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.3%
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:GE8
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 9.8%
Specialty Retail Unlevered Beta Simply Wall St/ S&P Global 0.62
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.619 (1 + (1- 30%) (46.66%))
0.822
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.82
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.822 * 9.77%)
8.26%

Discounted Cash Flow Calculation for DB:GE8 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Greencross is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:GE8 DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (AUD, Millions) 36.33 37.33 50.50 58.44 67.64
Source Analyst x3 Analyst x3 Analyst x2 Est @ 15.73% Est @ 15.73%
Present Value
Discounted (@ 8.26%)
33.56 31.85 39.80 42.55 45.49
Present value of next 5 years cash flows A$193.25
DB:GE8 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= A$67.64 × (1 + 0.23%) ÷ (8.26% – 0.23%)
A$844.19
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= A$844.19 ÷ (1 + 8.26%)5
A$567.73
DB:GE8 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= A$193.25 + A$567.73
A$760.98
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$760.98 / 121.51
A$3.9
DB:GE8 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:GE8 represents 0.62274x of ASX:GXL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.62274x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (AUD) x Listing Adjustment Factor
= A$ 6.26 x 0.62274
€3.90
Value per share (EUR) From above. €3.90
Current discount Discount to share price of €3.45
= -1 x (€3.45 - €3.90) / €3.90
11.5%

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

Current Discount
Amount off the current price Greencross is available for.
Intrinsic value
12%
Share price is €3.45 vs Future cash flow value of €3.9
Current Discount Checks
For Greencross to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Greencross's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Greencross's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Greencross's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Greencross's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:GE8 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-07-01) in AUD A$0.18
ASX:GXL Share Price ** ASX (2019-02-11) in AUD A$5.54
Germany Specialty Retail Industry PE Ratio Median Figure of 5 Publicly-Listed Specialty Retail Companies 12.2x
Germany Market PE Ratio Median Figure of 420 Publicly-Listed Companies 18.32x

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

** Primary Listing of Greencross.

DB:GE8 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 5.54 ÷ 0.18

31.62x

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

  • Greencross is overvalued based on earnings compared to the DE Specialty Retail industry average.
  • Greencross is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Greencross's expected growth come at a high price?
Raw Data
DB:GE8 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 31.62x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
24.8%per year
Germany Specialty Retail Industry PEG Ratio Median Figure of 5 Publicly-Listed Specialty Retail Companies 1.21x
Germany Market PEG Ratio Median Figure of 277 Publicly-Listed Companies 1.41x

*Line of best fit is calculated by linear regression .

DB:GE8 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 31.62x ÷ 24.8%

1.28x

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

  • Greencross is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Greencross's assets?
Raw Data
DB:GE8 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-07-01) in AUD A$4.06
ASX:GXL Share Price * ASX (2019-02-11) in AUD A$5.54
Germany Specialty Retail Industry PB Ratio Median Figure of 6 Publicly-Listed Specialty Retail Companies 0.68x
Germany Market PB Ratio Median Figure of 565 Publicly-Listed Companies 1.76x
DB:GE8 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 5.54 ÷ 4.06

1.37x

* Primary Listing of Greencross.

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

  • Greencross is overvalued based on assets compared to the DE Specialty Retail industry average.
X
Value checks
We assess Greencross'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 Specialty Retail 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 Specialty Retail industry average (and greater than 0)? (1 check)
  5. Greencross has a total score of 0/6, 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.

GE8 Future Performance

 How is Greencross expected to perform in the next 1 to 3 years based on estimates from 6 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
24.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Greencross expected to grow at an attractive rate?
  • Greencross's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Greencross's earnings growth is expected to exceed the Germany market average.
  • Greencross's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:GE8 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:GE8 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 24.8%
DB:GE8 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 5.6%
Germany Specialty Retail Industry Earnings Growth Rate Market Cap Weighted Average 14%
Germany Specialty Retail Industry Revenue Growth Rate Market Cap Weighted Average 3.7%
Germany Market Earnings Growth Rate Market Cap Weighted Average 10%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.2%

*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:GE8 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:GE8 Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-06-30 1,039 85 47 3
2020-06-30 992 75 42 6
2019-06-30 941 73 39 6
DB:GE8 Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-07-01 879 66 21
2018-04-01 859 73 32
2017-12-31 839 80 43
2017-09-30 828 78 43
2017-07-02 818 75 42
2017-04-02 801 74 40
2017-01-01 784 72 38
2016-10-01 759 76 36
2016-06-30 734 79 35
2016-03-31 717 71 35
2015-12-31 700 63 35
2015-09-30 673 39 27

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Greencross's earnings are expected to grow significantly at over 20% yearly.
  • Greencross's revenue is expected to grow by 5.6% 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:GE8 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Greencross Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:GE8 Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-06-30 0.40 0.49 0.31 2.00
2020-06-30 0.33 0.40 0.27 5.00
2019-06-30 0.30 0.39 0.27 5.00
DB:GE8 Past Financials Data
Date (Data in AUD Millions) EPS *
2018-07-01 0.18
2018-04-01 0.27
2017-12-31 0.37
2017-09-30 0.37
2017-07-02 0.36
2017-04-02 0.35
2017-01-01 0.33
2016-10-01 0.32
2016-06-30 0.30
2016-03-31 0.31
2015-12-31 0.31
2015-09-30 0.24

*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.
  • Greencross is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Greencross'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.
Greencross has a total score of 4/6, 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.

GE8 Past Performance

  How has Greencross performed over the past 5 years?

  • Greencross's last earnings update was 192 days ago.
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 Greencross's growth in the last year to its industry (Specialty Retail).
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.
  • Greencross has delivered over 20% year on year earnings growth in the past 5 years.
  • Greencross's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Greencross's 1-year earnings growth is negative, it can't be compared to the Europe Specialty Retail industry average.
Earnings and Revenue History
Greencross'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 Greencross Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:GE8 Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-07-01 878.93 20.66 405.49
2018-04-01 858.84 32.00 384.68
2017-12-31 838.76 43.35 363.87
2017-09-30 828.32 42.70 357.66
2017-07-02 817.89 42.06 351.46
2017-04-02 800.77 39.95 346.31
2017-01-01 783.66 37.84 341.16
2016-10-01 758.83 36.23 330.36
2016-06-30 734.01 34.62 319.57
2016-03-31 717.09 34.90 309.52
2015-12-31 700.17 35.17 299.48
2015-09-30 672.59 27.12 288.58
2015-06-30 645.02 19.07 277.69
2015-03-31 586.02 -54.94 251.80
2014-12-31 527.03 -128.96 225.91
2014-09-30 448.74 -128.37 185.60
2014-06-30 370.45 -127.78 145.30
2013-06-30 261.52 7.81 90.37
2012-06-30 210.60 3.90 72.00

*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.
  • Greencross has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Greencross used its assets more efficiently than the DE Specialty Retail industry average last year based on Return on Assets.
  • Greencross's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Greencross'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 Specialty Retail 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.
Greencross 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.

GE8 Health

 How is Greencross'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 Greencross's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Greencross is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Greencross's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Greencross'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 not covered by short term assets, assets are 0.5x 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 Greencross Company Filings, last reported 7 months ago.

DB:GE8 Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-07-01 510.99 314.12 45.82
2018-04-01 510.99 314.12 45.82
2017-12-31 512.86 293.29 53.70
2017-09-30 512.86 293.29 53.70
2017-07-02 498.79 304.40 57.68
2017-04-02 498.79 304.40 57.68
2017-01-01 479.17 290.38 67.62
2016-10-01 479.17 290.38 67.62
2016-06-30 453.00 292.15 62.58
2016-03-31 453.00 292.15 62.58
2015-12-31 439.95 276.83 54.47
2015-09-30 439.95 276.83 54.47
2015-06-30 422.73 266.76 29.60
2015-03-31 422.73 266.76 29.60
2014-12-31 396.08 231.94 28.21
2014-09-30 396.08 231.94 28.21
2014-06-30 321.70 149.39 120.65
2013-06-30 38.56 84.01 8.35
2012-06-30 29.30 67.80 10.40
  • Greencross's level of debt (61.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (210.3% vs 61.5% today).
  • Debt is well covered by operating cash flow (20.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.3x coverage).
X
Financial health checks
We assess Greencross'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. Greencross 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.

GE8 Dividends

 What is Greencross'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
2.8%
Current annual income from Greencross dividends. Estimated to be 2.75% next year.
If you bought €2,000 of Greencross shares you are expected to receive €56 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?
  • Greencross's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.54%).
  • Greencross's dividend is below the markets top 25% of dividend payers in Germany (3.94%).
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:GE8 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 6 Analyst Estimates (S&P Global) See Below
Europe Specialty Retail Industry Average Dividend Yield Market Cap Weighted Average of 62 Stocks 3.6%
Germany Market Average Dividend Yield Market Cap Weighted Average of 332 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
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:GE8 Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2021-06-30 0.17 4.00
2020-06-30 0.15 7.00
2019-06-30 0.14 7.00
DB:GE8 Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2018-08-20 0.155 3.258
2018-02-19 0.200 4.218
2017-08-21 0.190 3.309
2017-02-20 0.190 3.013
2016-08-22 0.190 2.827
2016-02-15 0.180 2.510
2015-08-10 0.180 2.879
2015-03-30 0.160 2.522
2014-08-28 0.140 1.612
2014-02-10 0.110 1.263
2014-02-03 0.100 1.181

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

  • Greencross has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Greencross only paid a dividend in the past 5 years.
Current Payout to shareholders
What portion of Greencross's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.4x coverage).
X
Income/ dividend checks
We assess Greencross's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 Greencross afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Greencross 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.

GE8 Management

 What is the CEO of Greencross'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
Simon Hickey
COMPENSATION A$902,642
TENURE AS CEO 0.9 years
CEO Bio

Mr. Simon Hickey has been Chief Executive Officer, Managing Director and Director of Greencross Limited (Greencross) since March 5, 2018. Mr. Hickey was Group Chief Executive Officer and Managing Director of Campus Living Villages (CLV). Prior to joining CLV, he was Chief Executive Officer of Qantas International & Freight, responsible for turning around the international business and restructuring the freight operations. Mr. Hickey joined Qantas in September 2004 as Group General Manager of Strategy and Fleet, and from 2007 to 2012, he was appointed Chief Executive Officer of Qantas Loyalty, responsible for growing the Qantas Frequent Flyer program into Australia's largest coalition program. Mr. Hickey began his career with Arthur Andersen as a business consultant working in Sydney, Melbourne and London. From 2001 to 2004, he was Chief Financial Officer for Bovis Lend Lease Americas. Prior to this, he held various roles with Lend lease including Bovis Lend Lease CFO Asia Pacific. Mr. Hickey holds BA (Hons) from University of New South Wales, UNSW.

CEO Compensation
  • Insufficient data for Simon to compare compensation growth.
  • Simon's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the Greencross management team in years:

0.8
Average Tenure
  • The average tenure for the Greencross management team is less than 2 years, this suggests a new team.
Management Team

Simon Hickey

TITLE
MD, CEO & Director
COMPENSATION
A$903K
TENURE
0.9 yrs

Lucas Barry

TITLE
Chief Financial Officer
COMPENSATION
A$484K
TENURE
0.7 yrs

Tanya Houghton

TITLE
Chief Operating Officer
COMPENSATION
A$476K
TENURE
0.8 yrs

Chris Gava

TITLE
Chief Information Officer
TENURE
0.4 yrs

Robert Wruck

TITLE
Head of Investor Relations

Vincent Pollaers

TITLE
Chief Human Resources Officer
TENURE
4.8 yrs

David Bissett

TITLE
Chief Operating Officer of Business Development

Richard Bowker

TITLE
Chief Merchant

Rachel Chay

TITLE
Chief Veterinary Officer

Tania Whyte

TITLE
Chief Customer Officer
Board of Directors Tenure

Average tenure of the Greencross board of directors in years:

4.4
Average Tenure
  • The tenure for the Greencross board of directors is about average.
Board of Directors

Stuart James

TITLE
Non Executive Chairman
COMPENSATION
A$230K
AGE
70
TENURE
5 yrs

Simon Hickey

TITLE
MD, CEO & Director
COMPENSATION
A$903K
TENURE
0.9 yrs

Christy Boyce

TITLE
Non-Executive Director
COMPENSATION
A$148K
TENURE
4.4 yrs

Chris Knoblanche

TITLE
Non-Executive Director
COMPENSATION
A$148K
TENURE
4.4 yrs

Paul Wilson

TITLE
Non-Executive Director
COMPENSATION
A$109K
TENURE
5 yrs

Glen Richards

TITLE
Non-Executive Director
COMPENSATION
A$109K
TENURE
3.9 yrs

Rebekah Horne

TITLE
Non-Executive Director
COMPENSATION
A$110K
TENURE
3.4 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 (€)
28. Jan 19 Sell Global Alpha Capital Management Ltd. Company 08. Nov 18 24. Jan 19 -3,065,296 €3.35 €-10,267,835
13. Dec 18 Buy Credit Suisse, Investment Banking and Securities Investments Company 05. Dec 18 05. Dec 18 1 €3.41 €3
13. Dec 18 Buy Credit Suisse Asset Management (Switzerland) Company 30. Nov 18 30. Nov 18 57,617 €3.48 €200,636
21. Nov 18 Sell Lazard Asset Management LLC Company 02. Aug 18 10. Oct 18 -332,796 €2.96 €-944,175
21. Nov 18 Buy Lazard Asset Management LLC Company 01. Aug 18 19. Nov 18 5,146,544 €3.37 €16,999,237
19. Nov 18 Sell Matthews International Capital Management, LLC Company 13. Nov 18 19. Nov 18 -6,279,409 €3.41 €-21,124,811
07. Nov 18 Sell Credit Suisse, Investment Banking and Securities Investments Company 09. Jul 18 31. Oct 18 -8,503 €2.69 €-22,840
08. Nov 18 Sell Witan Investment Services Limited Company 08. Nov 18 08. Nov 18 -54,224 €3.46 €-187,454
08. Nov 18 Sell Matthews International Capital Management, LLC Company 08. Nov 18 08. Nov 18 -1,305,452 €3.46 €-4,512,994
07. Nov 18 Sell Matthews International Capital Management, LLC Company 06. Nov 18 07. Nov 18 -1,493,740 €3.43 €-5,104,059
07. Nov 18 Buy Matthews International Capital Management, LLC Company 14. Feb 18 14. Feb 18 302,927 €3.87 €1,173,803
28. Oct 18 Buy Global Alpha Capital Management Ltd. Company 24. Oct 18 24. Oct 18 1,367,370 €2.88 €3,944,142
01. Oct 18 Buy Global Alpha Capital Management Ltd. Company 07. Sep 18 28. Sep 18 1,270,523 €2.59 €3,294,992
07. Sep 18 Sell Global Alpha Capital Management Ltd. Company 08. Aug 18 08. Aug 18 -247,854 €2.67 €-660,865
07. Sep 18 Buy Global Alpha Capital Management Ltd. Company 23. Aug 18 05. Sep 18 1,056,270 €2.49 €2,631,785
03. Sep 18 Sell Macquarie Group, Ltd., Banking & Securities Investments Company 29. Aug 18 29. Aug 18 -101,616 €2.45 €0
03. Sep 18 Buy Macquarie Group, Ltd., Banking & Securities Investments Company 29. Aug 18 29. Aug 18 4,359 €2.46 €9,144
31. Aug 18 Sell Macquarie Investment Management Australia Limited Company 06. Jun 18 27. Aug 18 -543,519 €2.84 €0
31. Aug 18 Buy Macquarie Investment Management Australia Limited Company 14. May 18 15. Jun 18 2,256 €2.76 €0
31. Aug 18 Sell Macquarie Group, Ltd., Banking & Securities Investments Company 30. Apr 18 28. Aug 18 -688,012 €3.38 €0
31. Aug 18 Buy Macquarie Group, Ltd., Banking & Securities Investments Company 30. Apr 18 28. Aug 18 576,167 €3.38 €0
31. Aug 18 Sell Macquarie Investment Management Limited Company 02. May 18 07. Aug 18 -27,455 €3.41 €0
31. Aug 18 Buy Macquarie Investment Management Limited Company 09. May 18 22. Aug 18 29,544 €2.87 €0
23. Aug 18 Sell Global Alpha Capital Management Ltd. Company 10. Jul 18 20. Aug 18 -349,100 €2.83 €-988,262
23. Aug 18 Buy Global Alpha Capital Management Ltd. Company 18. Jun 18 22. Aug 18 2,054,517 €2.65 €5,437,350
10. Aug 18 Sell Wilson Asset Management (International) Pty Limited Company 05. Jul 18 08. Aug 18 -753,884 €2.75 €-2,070,922
10. Aug 18 Buy Wilson Asset Management (International) Pty Limited Company 27. Jun 18 27. Jun 18 6,673 €2.80 €18,703
10. Aug 18 Sell MAM Pty Limited Company 05. Jul 18 08. Aug 18 -201,693 €2.75 €-554,051
10. Aug 18 Buy MAM Pty Limited Company 27. Jun 18 27. Jun 18 65,151 €2.80 €182,604
28. Mar 18 Buy Macquarie Investment Management Australia Limited Company 20. Mar 18 20. Mar 18 1,100 €3.32 €3,657
21. Mar 18 Sell Macquarie Investment Management Australia Limited Company 12. Dec 17 16. Mar 18 -15,554 €4.04 €0
21. Mar 18 Buy Macquarie Investment Management Australia Limited Company 22. Nov 17 16. Mar 18 32,439 €4.08 €0
26. Jun 18 Buy Wilson Asset Management (International) Pty Limited Company 18. May 18 26. Jun 18 4,969,046 €2.80 €13,931,186
26. Jun 18 Buy MAM Pty Limited Company 18. May 18 26. Jun 18 1,266,048 €2.83 €3,566,353
19. Jun 18 Buy Global Alpha Capital Management Ltd. Company 21. Mar 18 12. Jun 18 1,230,081 €3.16 €3,890,145
21. Jun 18 Sell Pendal Group Limited Company 19. Jun 18 19. Jun 18 -306,328 €2.82 €-862,350
29. May 18 Buy Simon Hickey Individual 25. May 18 25. May 18 58,112 €2.79 €161,950
25. May 18 Buy Lazard Asset Management LLC Company 17. May 18 23. May 18 1,665,987 €2.76 €4,578,351
21. May 18 Sell Lazard Asset Management LLC Company 11. Dec 17 10. May 18 -1,100,725 €3.79 €-4,172,605
21. May 18 Buy Lazard Asset Management LLC Company 12. Sep 17 16. May 18 2,601,974 €3.23 €8,394,144
14. May 18 Sell Pendal Group Limited Company 31. Jan 18 21. Mar 18 -1,055,945 €3.83 €-4,037,842
14. May 18 Buy Pendal Group Limited Company 09. May 18 09. May 18 1,680,000 €2.72 €4,565,819
14. May 18 Buy Christopher Knoblanche Individual 11. May 18 11. May 18 12,000 €2.53 €30,356
14. May 18 Buy Christina Mary Boyce Individual 10. May 18 10. May 18 10,000 €2.45 €24,542
14. May 18 Buy Stuart James Individual 09. May 18 09. May 18 233,700 €2.69 €628,415
14. May 18 Buy Paul Wilson Individual 10. May 18 10. May 18 50,000 €2.49 €124,721
28. Mar 18 Sell Macquarie Group, Ltd., Banking & Securities Investments Company 21. Mar 18 21. Mar 18 -1 €3.42 €-3
28. Mar 18 Buy Macquarie Group, Ltd., Banking & Securities Investments Company 21. Mar 18 21. Mar 18 1 €3.42 €3
28. Mar 18 Sell Macquarie Group, Ltd., Banking & Securities Investments Company 20. Mar 18 23. Mar 18 -230,899 €3.46 €0
28. Mar 18 Buy Macquarie Group, Ltd., Banking & Securities Investments Company 19. Mar 18 23. Mar 18 1,840,792 €3.44 €0
21. Mar 18 Sell Macquarie Group, Ltd., Banking & Securities Investments Company 17. Nov 17 16. Mar 18 -4,614,527 €4.07 €0
21. Mar 18 Buy Macquarie Group, Ltd., Banking & Securities Investments Company 17. Nov 17 16. Mar 18 3,152,692 €4.08 €0
15. Mar 18 Buy Global Alpha Capital Management Ltd. Company 15. Nov 17 14. Mar 18 1,745,293 €3.62 €6,313,223
X
Management checks
We assess Greencross'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. Greencross 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.

GE8 News

Simply Wall St News

GE8 Company Info

Map
Description

Greencross Limited, an integrated pet care company, provides veterinary services in Australia and New Zealand. It operates in three segments: Retail, Veterinary, and New Zealand. The company engages in the retail of pet food, pet related products, and pet accessories, as well as provision of a range of pet services, including grooming, dog washing, obedience training, pet adoption, hotel, and pet insurance services through a network of stores and an online platform. It also owns and operates a network of veterinary clinics, such as general practices comprising veterinary practices that offer consultations and related diagnostics capabilities, and general practice medical and surgical treatment options; emergency centers, which provide animal hospital facilities for afterhours care and treatment of sick pets; and specialty centers that offer veterinary care across various specialist services that include medicine, surgery, pathology, radiology, dermatology, cardiology, ophthalmology, and dentistry, as well as pathology labs and pet crematoria. The company operates veterinary clinics under the Greencross Vets, Vepalabs, AEC - Animal Emergency Centre, Pets Eternal, Adelaide Veterinary Specialist and Referral Centre, Melbourne Veterinary Specialist Centre, and Veterinary Referral Hospital brands; and retail stores under the Petbarn, Animates, and City Farmers brands. As of August 20, 2018, it operated approximately 440 retail stores and veterinary clinics. The company was founded in 1994 and is based in Woolloongabba, Australia.

Details
Name: Greencross Limited
GE8
Exchange: DB
Founded: 1994
A$422,236,777
121,513,983
Website: http://www.greencrosslimited.com.au
Address: Greencross Limited
5/28 Balaclava Street,
Woolloongabba,
Queensland, 4102,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX GXL Ordinary Shares Australian Securities Exchange AU AUD 01. Feb 2014
OTCPK GRSS.F Ordinary Shares Pink Sheets LLC US USD 01. Feb 2014
DB GE8 Ordinary Shares Deutsche Boerse AG DE EUR 01. Feb 2014
CHIA GXL Ordinary Shares Chi-X Australia AU AUD 01. Feb 2014
Number of employees
Current staff
Staff numbers
5,109
Greencross employees.
Industry
Specialty Stores
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/27 23:15
End of day share price update: 2019/02/11 00:00
Last estimates confirmation: 2019/02/17
Last earnings filing: 2018/08/19
Last earnings reported: 2018/07/01
Last annual earnings reported: 2018/07/01


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.