NZSE:AUG

Stock Analysis Report

Executive Summary

Augusta Capital Limited engages in the investment of commercial and industrial properties in New Zealand.

Snowflake

Fundamentals

Acceptable track record second-rate dividend payer.

Share Price & News

How has Augusta Capital's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

AUG

-0.4%

NZ REITs

0.2%

NZ Market


1 Year Return

38.2%

AUG

32.2%

NZ REITs

18.6%

NZ Market

Return vs Industry: AUG exceeded the NZ REITs industry which returned 32.2% over the past year.

Return vs Market: AUG exceeded the NZ Market which returned 18.6% over the past year.


Shareholder returns

AUGIndustryMarket
7 Day0%-0.4%0.2%
30 Day0%-0.4%1.8%
90 Day13.4%5.9%2.8%
1 Year46.9%38.2%38.5%32.2%23.7%18.6%
3 Year83.4%52.0%61.7%38.6%52.9%33.0%
5 Year120.8%65.2%116.0%65.9%105.3%59.4%

Price Volatility Vs. Market

How volatile is Augusta Capital's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Augusta Capital undervalued compared to its fair value and its price relative to the market?

2.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: AUG (NZ$1.52) is trading below our estimate of fair value (NZ$1.57)

Significantly Undervalued: AUG is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: AUG is poor value based on its PE Ratio (19.2x) compared to the REITs industry average (12.2x).

PE vs Market: AUG is poor value based on its PE Ratio (19.2x) compared to the NZ market (18.3x).


Price to Earnings Growth Ratio

Low PEG Ratio: AUG's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: AUG is overvalued based on its PB Ratio (1.5x) compared to the NZ REITs industry average (1.2x).


Next Steps

Future Growth

How is Augusta Capital forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

-2.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AUG's earnings are forecast to decline over the next 3 years (-2.6% per year).

Earnings vs Market: AUG's earnings are forecast to decline over the next 3 years (-2.6% per year).

High Growth Earnings: AUG's earnings are forecast to decline over the next 3 years.

Revenue vs Market: AUG's revenue is expected to decline over the next 3 years (-6.2% per year).

High Growth Revenue: AUG's revenue is forecast to decline over the next 3 years (-6.2%).


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: AUG's Return on Equity is forecast to be low in 3 years time (8.4%).


Next Steps

Past Performance

How has Augusta Capital performed over the past 5 years?

-4.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: AUG's earnings have declined by -4.9% per year over the past 5 years.

Accelerating Growth: AUG's earnings growth over the past year (116.4%) exceeds its 5-year average (-4.9% per year).

Earnings vs Industry: AUG earnings growth over the past year (116.4%) exceeded the REITs industry 18.9%.


Return on Equity

High ROE: AUG's Return on Equity (8.1%) is considered low.


Return on Assets

ROA vs Industry: AUG's Return on Assets is below or equal to the REITs industry average last year.


Return on Capital Employed

ROCE Improving: AUG has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Augusta Capital's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: AUG has a low level of unsold assets or inventory.

Debt Coverage by Assets: AUG's debt is covered by short term assets (assets are 3.544180x debt).


Financial Institutions Analysis

Asset Level: AUG's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if AUG has a sufficient allowance for bad loans.

Low Risk Liabilities: AUG reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if AUG has an acceptable proportion of non-loan assets held.

Low Risk Deposits: AUG has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if AUG has an appropriate level of bad loans.


Next Steps

Dividend

What is Augusta Capital's current dividend yield, its reliability and sustainability?

4.28%

Current Dividend Yield


Dividend Yield vs Market

company4.3%marketbottom25%3.0%markettop25%5.6%industryaverage3.6%forecastin3Years4.2%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: AUG's dividend (4.28%) is higher than the bottom 25% of dividend payers in the NZ market (3.02%).

High Dividend: AUG's dividend (4.28%) is low compared to the top 25% of dividend payers in the NZ market (5.61%).

Stable Dividend: AUG's dividend payments have been volatile in the past 10 years.

Growing Dividend: AUG's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (79%), AUG's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: AUG's dividends in 3 years are forecast to be covered by earnings (71.7% payout ratio).


Next Steps

Management

What is the CEO of Augusta Capital's salary, the management and board of directors tenure and is there insider trading?

1.9yrs

Average management tenure


CEO

Mark Francis 0

0yrs

Tenure

NZ$475,000

Compensation

Mr. Mark Edward Francis, B.Com (Fin) serves as Managing Director and Non-Independent Executive Director of Augusta Capital Limited. Mr. Francis founded the firm in 2001 and established Augusta Capital Mana ...


Management Age and Tenure

1.9yrs

Average Tenure

Experienced Management: AUG's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.


Board Age and Tenure

4.3yrs

Average Tenure

Experienced Board: AUG's board of directors are considered experienced (4.3 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Joel Lindsey

    Chief Operations Officer

    • Tenure: 1.2yrs
  • Mark Francis

    MD & Non-Independent Executive Director

    • Tenure: 0yrs
    • Compensation: NZ$475.00k
  • Simon W. Woollams

    Chief Financial Officer

    • Tenure: 0yrs
  • Bryce Barnett

    Executive Director

    • Tenure: 5.3yrs
    • Compensation: NZ$630.17k
  • Luke Fitzgibbon

    General Counsel & Company Secretary

    • Tenure: 3.6yrs
  • Paul Matheson

    Corporate Financial Controller

    • Tenure: 2.6yrs
  • Adelle McBeth

    Head of Operations

    • Tenure: 0.4yrs
  • Louise Connell

    Legal & Compliance Manager

    • Tenure: 0yrs
  • Jess Davidson

    Marketing & Communications Manager

    • Tenure: 0yrs
  • Ben Harding

    Head of Asset Management & AIF Manager

    • Tenure: 0.4yrs

Board Members

  • Mark Francis

    MD & Non-Independent Executive Director

    • Tenure: 0yrs
    • Compensation: NZ$475.00k
  • Paul Duffy

    Independent Chairman

    • Tenure: 3.8yrs
    • Compensation: NZ$36.04k
  • Bryce Barnett

    Executive Director

    • Tenure: 5.3yrs
    • Compensation: NZ$630.17k
  • R. Petersen

    Independent Director

    • Tenure: 4.7yrs
    • Compensation: NZ$67.50k
  • Kevin Murphy

    Independent Director

    • Tenure: 1.6yrs

Company Information

Augusta Capital Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Augusta Capital Limited
  • Ticker: AUG
  • Exchange: NZSE
  • Founded: 2006
  • Industry: Office REITs
  • Sector: Real Estate
  • Market Cap: NZ$133.494m
  • Shares outstanding: 87.83m
  • Website: https://www.augusta.co.nz

Number of Employees


Location

  • Augusta Capital Limited
  • 30 Gaunt Street
  • Level 2
  • Auckland
  • New Zealand

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AUGNZSE (New Zealand Stock Exchange)YesOrdinary SharesNZNZDDec 2006

Biography

Augusta Capital Limited engages in the investment of commercial and industrial properties in New Zealand. The company owns five commercial properties comprising commercial office towers, office buildings,  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 10:33
End of Day Share Price2019/10/11 00:00
Earnings2019/03/31
Annual Earnings2019/03/31


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.