AusNet Services Ltd owns and operates an electricity transmission network in Australia.
Proven track record second-rate dividend payer.
Share Price & News
How has AusNet Services's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: S6N has not had significant price volatility in the past 3 months.
7 Day Return
DE Electric Utilities
1 Year Return
DE Electric Utilities
Return vs Industry: Insufficient data to determine how S6N performed against the German Electric Utilities industry.
Return vs Market: Insufficient data to determine how S6N performed against the German Market.
Price Volatility Vs. Market
How volatile is AusNet Services's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is AusNet Services undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: S6N (€1.02) is trading below our estimate of fair value (€1.05)
Significantly Below Fair Value: S6N is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: S6N is poor value based on its PE Ratio (21.5x) compared to the Electric Utilities industry average (11.1x).
PE vs Market: S6N is poor value based on its PE Ratio (21.5x) compared to the German market (20.1x).
Price to Earnings Growth Ratio
PEG Ratio: S6N's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: S6N is overvalued based on its PB Ratio (2.1x) compared to the XE Electric Utilities industry average (0.7x).
How is AusNet Services forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: S6N's earnings are forecast to decline over the next 3 years (-3.7% per year).
Earnings vs Market: S6N's earnings are forecast to decline over the next 3 years (-3.7% per year).
High Growth Earnings: S6N's earnings are forecast to decline over the next 3 years.
Revenue vs Market: S6N's revenue (1.3% per year) is forecast to grow slower than the German market (5.9% per year).
High Growth Revenue: S6N's revenue (1.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: S6N's Return on Equity is forecast to be low in 3 years time (7.8%).
How has AusNet Services performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: S6N has high quality earnings.
Growing Profit Margin: S6N's current net profit margins (14.7%) are higher than last year (13.6%).
Past Earnings Growth Analysis
Earnings Trend: S6N's earnings have declined by -2.7% per year over the past 5 years.
Accelerating Growth: S6N's earnings growth over the past year (14.5%) exceeds its 5-year average (-2.7% per year).
Earnings vs Industry: S6N earnings growth over the past year (14.5%) exceeded the Electric Utilities industry 6.1%.
Return on Equity
High ROE: S6N's Return on Equity (9.7%) is considered low.
How is AusNet Services's financial position?
Financial Position Analysis
Short Term Liabilities: S6N's short term assets (A$893.6M) do not cover its short term liabilities (A$1.4B).
Long Term Liabilities: S6N's short term assets (A$893.6M) do not cover its long term liabilities (A$9.9B).
Debt to Equity History and Analysis
Debt Level: S6N's debt to equity ratio (334.8%) is considered high.
Reducing Debt: S6N's debt to equity ratio has increased from 229.2% to 334.8% over the past 5 years.
Debt Coverage: S6N's debt is not well covered by operating cash flow (7.2%).
Interest Coverage: S6N's interest payments on its debt are not well covered by EBIT (2.6x coverage).
What is AusNet Services's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: S6N's dividend (6.02%) is higher than the bottom 25% of dividend payers in the German market (1.28%).
High Dividend: S6N's dividend (6.02%) is in the top 25% of dividend payers in the German market (3.83%)
Stability and Growth of Payments
Stable Dividend: S6N's dividend payments have been volatile in the past 10 years.
Growing Dividend: S6N's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (129.4%), S6N's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: S6N's dividends in 3 years are not forecast to be well covered by earnings (145.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Tony Narvaez serves as a Managing Director and Director of AusNet Services Ltd and AusNet Services Holdings Pty Ltd since November 01, 2019. Mr. Narvaez had been Chief Executive Officer at Endeavour En ...
CEO Compensation Analysis
Compensation vs Market: Tony's total compensation ($USD923.86K) is below average for companies of similar size in the German market ($USD2.58M).
Compensation vs Earnings: Insufficient data to compare Tony's compensation with company performance.
|MD & Director||0.67yr||AU$1.34m||no data|
|Chief Financial Officer||0.58yr||AU$413.99k||no data|
|Executive General Manager of Mondo||4yrs||AU$895.99k||0.0056% A$217.8k|
|Executive General Manager of Regulated Energy Services||7.25yrs||AU$916.13k||0.0096% A$376.1k|
|Executive General Manager of Operations & Services||1.25yrs||no data||no data|
|Head of Tax & Investor Relations||no data||no data||no data|
|Executive General Manager of People & Safety||3.75yrs||no data||no data|
|Acting Chief Digital Officer||0.083yr||no data||no data|
|Company Secretary||1yr||no data||no data|
Experienced Management: S6N's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.
|MD & Director||0.67yr||AU$1.34m||no data|
|Independent Chairman||4.17yrs||AU$451.67k||0.0027% A$104.4k|
|Non-Executive Director||2.17yrs||AU$188.17k||0.0015% A$58.6k|
|Independent Non-Executive Director||3.67yrs||AU$230.09k||0.0020% A$77.4k|
|Non-Executive Director||6.5yrs||AU$189.33k||0.0013% A$52.0k|
|Independent Non-Executive Director||6.5yrs||AU$227.00k||0.0032% A$127.1k|
|Non-Executive Director||4.17yrs||AU$189.33k||0.0013% A$52.0k|
|Lead Independent Director||0.33yr||AU$235.84k||no data|
|Non-Executive Director||1.75yrs||AU$188.17k||no data|
Experienced Board: S6N's board of directors are considered experienced (3.7 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
AusNet Services Ltd's company bio, employee growth, exchange listings and data sources
- Name: AusNet Services Ltd
- Ticker: S6N
- Exchange: DB
- Founded: 2014
- Industry: Electric Utilities
- Sector: Utilities
- Market Cap: AU$6.355b
- Listing Market Cap: AU$3.910b
- Shares outstanding: 3.75b
- Website: https://www.ausnetservices.com.au
Number of Employees
- AusNet Services Ltd
- 2 Southbank Boulevard
- Level 31
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|AST||ASX (Australian Securities Exchange)||Yes||New Common Stock||AU||AUD||Dec 2005|
|SAUN.F||OTCPK (Pink Sheets LLC)||Yes||New Common Stock||US||USD||Dec 2005|
|S6N||DB (Deutsche Boerse AG)||Yes||New Common Stock||DE||EUR||Dec 2005|
|AST||CHIA (Chi-X Australia)||Yes||New Common Stock||AU||AUD||Dec 2005|
AusNet Services Ltd owns and operates an electricity transmission network in Australia. It operates through Electricity Distribution, Gas Distribution, Electricity Transmission, and Mondo segments. The Electricity Distribution segment carries electricity from the high voltage transmission network to end users, including metering. The Gas Distribution segment carries natural gas to commercial and residential end users, including metering in central and western Victoria. The Electricity Transmission segment owns and manages an electricity transmission network, including transmission lines and towers, which carry electricity at high voltages from power generators to electricity distributors in Victoria. The Mondo segment provides contracted infrastructure asset services and specialized technology solutions to enable energy data and asset intelligence services. This segment serves customers operating in utility, renewables, and infrastructure sectors of electricity, water, gas, and rail. The company operates through an electricity transmission network of approximately 6,836 kilometers of high voltage transmission powerlines, 59 terminal stations, and 13,153 transmission towers; electricity distribution network of approximately 750,000 customers, 76 zone substations, 407,354 power poles, and approximately 61,994 kilometer of powerlines. It also operates a gas distribution network of 730,000 customers and 11,893 kilometers of underground gas pipelines. The company was formerly known as SP AusNet Ltd. and changed its name to AusNet Services Ltd in August 2014. AusNet Services Ltd was incorporated in 2014 and is headquartered in Southbank, Australia.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/02 22:00|
|End of Day Share Price||2020/07/02 00:00|
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.