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Pyne Gould

NZSE:PGC
Snowflake Description

Fair value with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PGC
NZSE
NZ$50M
Market Cap
  1. Home
  2. NZ
  3. Diversified Financials
Company description

Pyne Gould Corporation Limited, together with its subsidiaries, provides financial and asset management services in New Zealand and Australia. The last earnings update was 55 days ago. More info.


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  • Pyne Gould has significant price volatility in the past 3 months.
PGC Share Price and Events
7 Day Returns
-2%
NZSE:PGC
-3.8%
Oceania Capital Markets
-0.9%
NZ Market
1 Year Returns
4.3%
NZSE:PGC
12.3%
Oceania Capital Markets
6%
NZ Market
PGC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Pyne Gould (PGC) -2% -22.6% -27.3% 4.3% - -45.5%
Oceania Capital Markets -3.8% -1.4% -9.8% 12.3% 43.3% 95.8%
NZ Market -0.9% -0.2% -3.5% 6% 78.4% 149.6%
1 Year Return vs Industry and Market
  • PGC underperformed the Capital Markets industry which returned 12.3% over the past year.
  • PGC underperformed the Market in New Zealand which returned 6% over the past year.
Price Volatility
PGC
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Pyne Gould's competitors could be found in our database.

PGC Value

 Is Pyne Gould 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
  • It is not possible to calculate the future cash flow value for Pyne Gould. This is due to cash flow or dividend data being unavailable. The share price is NZ$0.24.
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 Pyne Gould's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Pyne Gould's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NZSE:PGC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in GBP £0.04
NZSE:PGC Share Price ** NZSE (2018-11-16) in NZD NZ$0.24
NZSE:PGC Share Price converted to GBP reporting currency Exchange rate (NZD/ GBP) 0.535 £0.13
Oceania Capital Markets Industry PE Ratio Median Figure of 26 Publicly-Listed Capital Markets Companies 14.15x
New Zealand Market PE Ratio Median Figure of 90 Publicly-Listed Companies 15.95x

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

** Primary Listing of Pyne Gould.

NZSE:PGC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NZSE:PGC Share Price ÷ EPS (both in GBP)

= 0.13 ÷ 0.04

2.98x

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

  • Pyne Gould is good value based on earnings compared to the Oceania Capital Markets industry average.
  • Pyne Gould is good value based on earnings compared to the New Zealand market.
Price based on expected Growth
Does Pyne Gould's expected growth come at a high price?
Raw Data
NZSE:PGC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 2.98x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Oceania Capital Markets Industry PEG Ratio Median Figure of 11 Publicly-Listed Capital Markets Companies 1.94x
New Zealand Market PEG Ratio Median Figure of 64 Publicly-Listed Companies 1.2x

*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 Pyne Gould, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Pyne Gould's assets?
Raw Data
NZSE:PGC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in GBP £0.20
NZSE:PGC Share Price * NZSE (2018-11-16) in NZD NZ$0.24
NZSE:PGC Share Price converted to GBP reporting currency Exchange rate (NZD/ GBP) 0.535 £0.13
Oceania Capital Markets Industry PB Ratio Median Figure of 40 Publicly-Listed Capital Markets Companies 1.43x
New Zealand Market PB Ratio Median Figure of 126 Publicly-Listed Companies 1.54x
NZSE:PGC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NZSE:PGC Share Price ÷ Book Value per Share (both in GBP)

= 0.13 ÷ 0.20

0.64x

* Primary Listing of Pyne Gould.

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

  • Pyne Gould is good value based on assets compared to the Oceania Capital Markets industry average.
X
Value checks
We assess Pyne Gould'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 Capital Markets 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 Capital Markets industry average (and greater than 0)? (1 check)
  5. Pyne Gould has a total score of 3/6, 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.

PGC Future Performance

 How is Pyne Gould expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Pyne Gould has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Pyne Gould expected to grow at an attractive rate?
  • Unable to compare Pyne Gould's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Pyne Gould's earnings growth to the New Zealand market average as no estimate data is available.
  • Unable to compare Pyne Gould's revenue growth to the New Zealand market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NZSE:PGC Future Growth Rates Data Sources
Data Point Source Value (per year)
Oceania Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 7%
Oceania Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 2.7%
New Zealand Market Earnings Growth Rate Market Cap Weighted Average 7.5%
New Zealand Market Revenue Growth Rate Market Cap Weighted Average 5.3%

*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
NZSE:PGC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NZSE:PGC Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-06-30 24 -25 9
2018-03-31 24 -26 -3
2017-12-31 24 -26 -14
2017-09-30 32 -9 -17
2017-06-30 40 7 -20
2017-03-31 38 18 -10
2016-12-31 35 28 0
2016-09-30 38 17 -1
2016-06-30 41 6 -3
2016-03-31 50 5 -2
2015-12-31 60 4 -1
2015-09-30 46 5 -3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Pyne Gould is high growth as no earnings estimate data is available.
  • Unable to determine if Pyne Gould is high growth as no revenue estimate data is available.
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
NZSE:PGC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Pyne Gould Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NZSE:PGC Past Financials Data
Date (Data in GBP Millions) EPS *
2018-06-30 0.04
2018-03-31 -0.01
2017-12-31 -0.07
2017-09-30 -0.08
2017-06-30 -0.10
2017-03-31 -0.05
2016-12-31 0.00
2016-09-30 -0.01
2016-06-30 -0.01
2016-03-31 -0.01
2015-12-31 -0.00
2015-09-30 -0.01

*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 Pyne Gould will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Pyne Gould is trading at Pyne Gould'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Pyne Gould's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Diversified Financials companies here
  3. Pyne Gould's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Pyne Gould'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 Oceania market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Oceania 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.
Pyne Gould has a total score of 0/6, 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.

PGC Past Performance

  How has Pyne Gould 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 Pyne Gould's growth in the last year to its industry (Capital Markets).
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.
  • Pyne Gould's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Pyne Gould has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Pyne Gould has become profitable in the last year making it difficult to compare the Oceania Capital Markets industry average.
Earnings and Revenue History
Pyne Gould'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 Pyne Gould Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NZSE:PGC Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 23.64 8.94 9.12
2018-03-31 23.90 -2.56 10.14
2017-12-31 24.16 -14.07 11.15
2017-09-30 32.05 -16.90 10.22
2017-06-30 39.94 -19.74 9.28
2017-03-31 37.57 -9.63 9.07
2016-12-31 35.20 0.49 8.85
2016-09-30 37.87 -1.17 7.77
2016-06-30 40.54 -2.84 6.68
2016-03-31 50.26 -1.92 5.90
2015-12-31 59.99 -1.00 5.12
2015-09-30 46.41 -2.96 5.53
2015-06-30 32.83 -4.92 5.93
2014-12-31 10.25 -6.65 3.43
2014-09-30 9.61 -5.81 2.64
2014-06-30 8.96 -4.96 1.85
2013-12-31 12.62 7.76 4.54
2013-09-30 14.85 10.14 3.97
2013-06-30 16.57 12.02 3.28
2013-03-31 16.16 2.64 4.32
2012-12-31 12.32 -7.13 3.74
2012-09-30 12.64 -14.53 4.10
2012-06-30 12.75 -21.75 4.40
2011-12-31 22.88 -35.79 6.73

*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 Pyne Gould has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Pyne Gould used its assets more efficiently than the Oceania Capital Markets industry average last year based on Return on Assets.
  • It is difficult to establish if Pyne Gould 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 Pyne Gould'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 Capital Markets 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.
Pyne Gould has a total score of 1/6, 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.

PGC Health

 How is Pyne Gould'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 Pyne Gould's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Pyne Gould is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Pyne Gould's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Pyne Gould'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 1.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Pyne Gould Company Filings, last reported 4 months ago.

NZSE:PGC Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 74.22 54.49 24.22
2018-03-31 74.22 54.49 24.22
2017-12-31 76.60 49.95 18.74
2017-09-30 76.60 49.95 18.74
2017-06-30 85.48 49.89 39.58
2017-03-31 85.48 49.89 39.58
2016-12-31 110.24 43.85 17.76
2016-09-30 110.24 43.85 17.76
2016-06-30 101.40 42.20 10.11
2016-03-31 101.40 42.20 10.11
2015-12-31 96.54 52.33 37.06
2015-09-30 96.54 52.33 37.06
2015-06-30 94.94 52.16 31.19
2014-12-31 72.51 0.14 5.82
2014-09-30 72.51 0.14 5.82
2014-06-30 71.09 0.14 0.09
2013-12-31 62.35 0.26 0.19
2013-09-30 64.48 0.27 0.20
2013-06-30 70.09 0.42 0.19
2013-03-31 75.83 0.46 0.21
2012-12-31 50.09 0.82 0.41
2012-09-30 50.68 0.83 0.42
2012-06-30 49.91 15.72 0.75
2011-12-31 59.20 14.52 8.81
  • Pyne Gould's level of debt (73.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0.6% vs 73.4% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Pyne Gould earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Pyne Gould'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. Pyne Gould has a total score of 3/6, 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.

PGC Dividends

 What is Pyne Gould'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 Pyne Gould dividends.
If you bought NZ$2,000 of Pyne Gould shares you are expected to receive NZ$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 Pyne Gould's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Pyne Gould'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
NZSE:PGC 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 0 Analyst Estimates (S&P Global) See Below
Oceania Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 24 Stocks 4.3%
New Zealand Market Average Dividend Yield Market Cap Weighted Average of 79 Stocks 4.2%
New Zealand Minimum Threshold Dividend Yield 10th Percentile 1.9%
New Zealand Bottom 25% Dividend Yield 25th Percentile 3.2%
New Zealand Top 25% Dividend Yield 75th Percentile 5.9%

Industry and Market average data is calculated daily.

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

NZSE:PGC Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2010-10-29 0.000 0.000
2010-02-26 0.000 0.000
2010-02-25 0.000 0.000
2009-08-31 0.000 0.000
2009-08-28 0.000 0.000
2008-11-24 0.081 11.751

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

  • Unable to perform a dividend volatility check as Pyne Gould has not reported any payouts.
  • Unable to verify if Pyne Gould's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Pyne Gould's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Pyne Gould has not reported any payouts.
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 Pyne Gould's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.9%) - 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 Pyne Gould afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Pyne Gould has a total score of 0/6, see the detailed checks below.


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

PGC Management

 What is the CEO of Pyne Gould'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
George Kerr
COMPENSATION £0
TENURE AS CEO 6.6 years
CEO Bio

Mr. George Charles Desmond Kerr, BCom, is a Founder of Torchlight Investment Group. Mr. Kerr has been Group Managing Director of Pyne Gould Corporation Limited since April 26, 2012. Mr. Kerr is associated with Pyne Family Holdings and Torchlight Investment Group. He has spent his entire career in financial services. He served as Investment Director of Sterling Grace Portfolio Management from 1996 to 2001; Economist and later Head of Investments at New Zealand Funds Management from 1991 to 1996. He has significant experience at a senior level in the investment management industry. He serves as the Chairman of Equity Partners Asset Management Limited. He has been an Executive Non-Independent Director at Pyne Gould Corporation Limited since August 2008. He serves as a Director of Artefact Partners. He served as Executive Director of Sterling Grace Portfolio Management. He served as the Chairman of Brook Asset Management Limited since 2001. He served as a Director of MARAC Finance Limited from August 2008 to March 4, 2010. Mr. Kerr has a Postgraduate Diploma in Banking and Finance and a Bachelor of Commerce.

CEO Compensation
  • Insufficient data for George to compare compensation growth.
  • George's remuneration is lower than average for companies of similar size in New Zealand.
Management Team Tenure

Average tenure of the Pyne Gould management team in years:

7.4
Average Tenure
  • The average tenure for the Pyne Gould management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

George Kerr

TITLE
Group MD & Executive Non-Independent Director
TENURE
6.6 yrs

Russell Naylor

TITLE
Executive Non-Independent Director

Noel Kirkwood

TITLE
Executive Non-Independent Director

Craig Stephen

TITLE
Chief Investment Officer
TENURE
9.2 yrs

Elliot Worrall

TITLE
Executive Officer of Corporate Finance
TENURE
7.4 yrs

Michael Jonas

TITLE
Group Legal Counsel
Board of Directors Tenure

Average tenure of the Pyne Gould board of directors in years:

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

George Kerr

TITLE
Group MD & Executive Non-Independent Director
TENURE
10.3 yrs

Russell Naylor

TITLE
Executive Non-Independent Director
TENURE
6.8 yrs

Noel Kirkwood

TITLE
Executive Non-Independent Director
TENURE
4.3 yrs

Keith Familton

TITLE
Chairman of Corporate Trust Board

Michelle Smith

TITLE
Independent Director
COMPENSATION
£60K
TENURE
4 yrs

Paul Dudley

TITLE
Independent Director
COMPENSATION
£60K
AGE
45
TENURE
2.5 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 (NZ$) Value (NZ$)
X
Management checks
We assess Pyne Gould'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. Pyne Gould 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.

PGC News

External News
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Simply Wall St News

Does Pyne Gould Corporation Limited (NZSE:PGC) Have A High Beta?

Volatility is considered to be a measure of risk in modern finance theory. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

Who Are The Major Shareholders Of Pyne Gould Corporation Limited (NZSE:PGC)?

I am going to take a deep dive into Pyne Gould Corporation Limited’s (NZSE:PGC) most recent ownership structure, not a frequent subject of discussion among individual investors. … Ownership structure has been found to have an impact on shareholder returns in both short- and long-term. … The effect of an active institutional investor with a similar ownership as a passive pension-fund can be vastly different on a company's corporate governance and accountability to shareholders.

Simply Wall St -

Should You Be Concerned About Pyne Gould Corporation Limited's (NZE:PGC) Shareholders?

This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions. … Private Company Ownership Potential investors in PGC should also look at another important group of investors: private companies, with a stake of 0.91%, who are primarily invested because of strategic and capital gain interests. … Thus, investors not need worry too much about the consequences of these holdings.Next Steps: Institutional ownership level and composition in PGC is not high nor active enough to significantly impact its investment thesis.

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What Kind Of Risk And Return Should You Expect For Pyne Gould Corporation Limited (NZE:PGC)?

Pyne Gould's beta of 0.46 indicates that the stock value will be less variable compared to the whole stock market. … PGC’s beta indicates it is a stock that investors may find valuable if they want to reduce the overall market risk exposure of their stock portfolio. … Therefore, this is a type of risk which is associated with higher beta.

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Is Pyne Gould Corporation Limited (NZE:PGC) On The Right Side Of Disruption?

Pyne Gould Corporation Limited (NZSE:PGC), a NZ$58.09M small-cap, is a capital market firm operating in an industry, which has recently been facing serious existential threats resulting from potential disintermediation and disruption from new technology. … Check out our latest analysis for Pyne Gould What’s the catalyst for Pyne Gould's sector growth? … Next Steps: Pyne Gould has been a capital markets industry laggard in the past year.

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Who Are The Major Shareholders In Pyne Gould Corporation Limited (NZE:PGC)?

Check out our latest analysis for Pyne Gould NZSE:PGC Ownership_summary Dec 13th 17 Institutional Ownership Institutional investors are one of the largest group of market participants and their buy-sell decisions on a company's stock can significantly impact prices, more so, when there are relatively small amounts of shares available on the market to trade. … With this size of ownership, retail investors can collectively play a role in major company policies that affect shareholders returns, including executive remuneration and the appointment of directors. … Private Company Ownership Another group of owners that a potential investor in PGC should consider are private companies, with a stake of 0.91%.

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Pyne Gould Corporation Limited (NZSE:PGC): Risks You Need To Consider Before Buying

See our latest analysis for PGC An interpretation of PGC's beta Pyne Gould's beta of 0.46 indicates that the stock value will be less variable compared to the whole stock market. … PGC's beta implies it may be a stock that investors with high-beta portfolios might find relevant if they wanted to reduce their exposure to market risk, especially during times of downturns. … An asset-heavy company tends to have a higher beta because the risk associated with running fixed assets during a downturn is highly expensive.

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PGC Company Info

Map
Description

Pyne Gould Corporation Limited, together with its subsidiaries, provides financial and asset management services in New Zealand and Australia. The company offers wealth management, trustee, and financial services. It also invests in a portfolio of financial and real estate assets. Pyne Gould Corporation Limited is based in Saint Peter Port, Guernsey. Pyne Gould Corporation Limited is a subsidiary of Lynchwood Nominees Limited.

Details
Name: Pyne Gould Corporation Limited
PGC
Exchange: NZSE
Founded:
NZ$49,791,179
207,463,249
Website: http://www.pgc.co.nz
Address: Pyne Gould Corporation Limited
Sarnia House,
Le Truchot,
Saint Peter Port,
GY1 4NA,
Guernsey
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NZSE PGC Ordinary Shares New Zealand Stock Exchange NZ NZD 30. Mar 2004
Number of employees
Current staff
Staff numbers
0
Pyne Gould employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/11/22 06:30
End of day share price update: 2018/11/16 00:00
Last earnings filing: 2018/09/28
Last earnings reported: 2018/06/30
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.