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Plexure Group

NZSE:PLX
Snowflake Description

Flawless balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PLX
NZSE
NZ$75M
Market Cap
  1. Home
  2. NZ
  3. Software
Company description

Plexure Group Limited develops and deploys mobile engagement software primarily for use in quick service restaurants, and fuel and convenience stores. The last earnings update was 1 day ago. More info.


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  • Plexure Group has significant price volatility in the past 3 months.
PLX Share Price and Events
7 Day Returns
24%
NZSE:PLX
-2.4%
NZ Software
0.7%
NZ Market
1 Year Returns
217.9%
NZSE:PLX
18.6%
NZ Software
11.2%
NZ Market
PLX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Plexure Group (PLX) 24% 24% 106.7% 217.9% 63.2% 24%
NZ Software -2.4% 2.7% 24.4% 18.6% 81% 107.9%
NZ Market 0.7% 2% 7.7% 11.2% 26.6% 51.7%
1 Year Return vs Industry and Market
  • PLX outperformed the Software industry which returned 18.6% over the past year.
  • PLX outperformed the Market in New Zealand which returned 11.2% over the past year.
Price Volatility
PLX
Industry
5yr Volatility vs Market

PLX Value

 Is Plexure Group 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 Plexure Group 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 Plexure Group.

NZSE:PLX Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 8.9%
Perpetual Growth Rate 10-Year NZ Government Bond Rate 2.4%

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 NZSE:PLX
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year NZ Govt Bond Rate 2.4%
Equity Risk Premium S&P Global 6%
Software Unlevered Beta Simply Wall St/ S&P Global 1.15
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.149 (1 + (1- 28%) (0%))
1.1
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.37% + (1.1 * 5.96%)
8.93%

Discounted Cash Flow Calculation for NZSE:PLX using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Plexure Group 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.

NZSE:PLX DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (NZD, Millions) Source Present Value
Discounted (@ 8.93%)
2019 2.39 Est @ 28.77% 2.20
2020 2.89 Est @ 20.85% 2.44
2021 3.33 Est @ 15.3% 2.58
2022 3.71 Est @ 11.42% 2.64
2023 4.04 Est @ 8.71% 2.63
2024 4.31 Est @ 6.81% 2.58
2025 4.55 Est @ 5.48% 2.50
2026 4.76 Est @ 4.54% 2.40
2027 4.94 Est @ 3.89% 2.29
2028 5.11 Est @ 3.44% 2.17
Present value of next 10 years cash flows NZ$24.43
NZSE:PLX DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= NZ$5.11 × (1 + 2.37%) ÷ (8.93% – 2.37%)
NZ$79.81
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= NZ$79.81 ÷ (1 + 8.93%)10
NZ$33.95
NZSE:PLX Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= NZ$24.43 + NZ$33.95
NZ$58.38
Equity Value per Share
(NZD)
= Total value / Shares Outstanding
= NZ$58.38 / 139.35
NZ$0.42
NZSE:PLX Discount to Share Price
Calculation Result
Value per share (NZD) From above. NZ$0.42
Current discount Discount to share price of NZ$0.62
= -1 x (NZ$0.62 - NZ$0.42) / NZ$0.42
-48%

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

  • The current share price of Plexure Group 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 Plexure Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Plexure Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NZSE:PLX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in NZD NZ$-0.01
NZSE:PLX Share Price ** NZSE (2019-05-21) in NZD NZ$0.62
Oceania Software Industry PE Ratio Median Figure of 23 Publicly-Listed Software Companies 37.5x
New Zealand Market PE Ratio Median Figure of 90 Publicly-Listed Companies 18.27x

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

** Primary Listing of Plexure Group.

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

= NZSE:PLX Share Price ÷ EPS (both in NZD)

= 0.62 ÷ -0.01

-103.33x

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

  • Plexure Group is loss making, we can't compare its value to the Oceania Software industry average.
  • Plexure Group is loss making, we can't compare the value of its earnings to the New Zealand market.
Price based on expected Growth
Does Plexure Group's expected growth come at a high price?
Raw Data
NZSE:PLX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -103.33x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Oceania Software Industry PEG Ratio Median Figure of 17 Publicly-Listed Software Companies 2.61x
New Zealand Market PEG Ratio Median Figure of 66 Publicly-Listed Companies 1.47x

*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 Plexure Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Plexure Group's assets?
Raw Data
NZSE:PLX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in NZD NZ$0.07
NZSE:PLX Share Price * NZSE (2019-05-21) in NZD NZ$0.62
New Zealand Software Industry PB Ratio Median Figure of 10 Publicly-Listed Software Companies 3.85x
New Zealand Market PB Ratio Median Figure of 125 Publicly-Listed Companies 1.55x
NZSE:PLX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NZSE:PLX Share Price ÷ Book Value per Share (both in NZD)

= 0.62 ÷ 0.07

9.24x

* Primary Listing of Plexure Group.

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

  • Plexure Group is overvalued based on assets compared to the NZ Software industry average.
X
Value checks
We assess Plexure Group'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 Software 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 Software industry average (and greater than 0)? (1 check)
  5. Plexure Group 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.

PLX Future Performance

 How is Plexure Group 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 Plexure Group 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
26.6%
Expected Software industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Plexure Group expected to grow at an attractive rate?
  • Unable to compare Plexure Group's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Plexure Group's earnings growth to the New Zealand market average as no estimate data is available.
  • Unable to compare Plexure Group's revenue growth to the New Zealand market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NZSE:PLX Future Growth Rates Data Sources
Data Point Source Value (per year)
New Zealand Software Industry Earnings Growth Rate Market Cap Weighted Average 26.6%
Oceania Software Industry Revenue Growth Rate Market Cap Weighted Average 17.3%
New Zealand Market Earnings Growth Rate Market Cap Weighted Average 7%
New Zealand Market Revenue Growth Rate Market Cap Weighted Average 5.1%

*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:PLX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in NZD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NZSE:PLX Past Financials Data
Date (Data in NZD Millions) Revenue Cash Flow Net Income *
2019-03-31 17 4 -1
2018-12-31 16 4 -1
2018-09-30 14 4 0
2018-06-30 13 3 -1
2018-03-31 12 3 -2
2017-12-31 10 1 -2
2017-09-30 9 -1 -3
2017-06-30 8 -3 -5
2017-03-31 7 -5 -6
2016-12-31 7 -5 -7
2016-09-30 6 -5 -7
2016-06-30 6 -5 -7

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Plexure Group is high growth as no earnings estimate data is available.
  • Unable to determine if Plexure Group 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:PLX Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Plexure Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NZSE:PLX Past Financials Data
Date (Data in NZD Millions) EPS *
2019-03-31 -0.01
2018-12-31 0.00
2018-09-30 0.00
2018-06-30 -0.01
2018-03-31 -0.02
2017-12-31 -0.02
2017-09-30 -0.04
2017-06-30 -0.05
2017-03-31 -0.07
2016-12-31 -0.08
2016-09-30 -0.09
2016-06-30 -0.09

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

Next steps:

  1. Examine Plexure Group's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Plexure Group'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 Software companies here
  3. Plexure Group'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 Plexure Group'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 New Zealand 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.
Plexure Group 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.

PLX Past Performance

  How has Plexure Group 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 Plexure Group's growth in the last year to its industry (Software).
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.
  • Plexure Group does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Plexure Group's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Plexure Group's 1-year growth to the Oceania Software industry average as it is not currently profitable.
Earnings and Revenue History
Plexure Group'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 Plexure Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NZSE:PLX Past Revenue, Cash Flow and Net Income Data
Date (Data in NZD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 16.89 -0.70 7.15
2018-12-31 15.78 -0.54 6.49
2018-09-30 14.46 -0.38 5.89
2018-06-30 13.01 -1.02 5.55
2018-03-31 11.55 -1.67 5.20
2017-12-31 10.21 -2.35 5.37
2017-09-30 8.86 -3.03 5.52
2017-06-30 7.95 -4.76 5.96
2017-03-31 7.04 -6.49 6.40
2016-12-31 6.61 -6.80 7.68
2016-09-30 6.18 -7.11 8.96
2016-06-30 5.78 -6.88 7.44
2016-03-31 5.37 -6.65 5.92
2015-12-31 4.85 -6.14 3.24
2015-09-30 4.33 -5.63 0.57
2015-06-30 3.31 -5.01 0.56
2015-03-31 2.30 -4.40 0.55
2014-12-31 1.53 -3.82 0.65
2014-09-30 0.76 -3.25 0.75
2014-06-30 0.57 -2.64 0.67
2014-03-31 0.39 -2.02 0.59
2013-12-31 0.25 -1.75 0.39
2013-09-30 0.11 -1.49 0.20
2013-06-30 0.08 -1.61 0.19
2013-03-31 0.05 -1.74 0.18
2012-12-31 0.06 -1.54 0.14
2012-09-30 0.08 -1.35 0.09
2012-06-30 0.06 -1.02 0.09

*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 Plexure Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Plexure Group has efficiently used its assets last year compared to the Oceania Software industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Plexure Group 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 Plexure Group'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 Software 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.
Plexure Group has a total score of 0/6, 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.

PLX Health

 How is Plexure Group'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 Plexure Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Plexure Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Plexure Group has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Plexure Group'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.
  • Low level of unsold assets.
  • Plexure Group has no debt, it does not need to be covered by short term assets.
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 Plexure Group Company Filings, last reported 1 month ago.

NZSE:PLX Past Debt and Equity Data
Date (Data in NZD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 8.12 0.00 7.25
2018-12-31 8.12 0.00 7.25
2018-09-30 5.59 1.40 6.14
2018-06-30 5.59 1.40 6.14
2018-03-31 4.10 1.49 4.10
2017-12-31 4.10 1.49 4.10
2017-09-30 5.45 1.41 2.37
2017-06-30 5.45 1.41 2.37
2017-03-31 3.79 1.42 0.62
2016-12-31 3.79 1.42 0.62
2016-09-30 6.30 0.00 2.33
2016-06-30 6.30 0.00 2.33
2016-03-31 6.66 0.00 2.64
2015-12-31 6.66 0.00 2.64
2015-09-30 5.10 0.00 1.58
2015-06-30 5.10 0.00 1.58
2015-03-31 4.91 0.00 1.95
2014-12-31 4.91 0.00 1.95
2014-09-30 5.00 0.00 2.94
2014-06-30 5.00 0.00 2.94
2014-03-31 6.80 0.00 5.63
2013-12-31 6.80 0.00 5.63
2013-09-30 1.06 0.00 0.50
2013-06-30 1.06 0.00 0.50
2013-03-31 0.31 0.26 0.17
2012-12-31 0.31 0.26 0.17
2012-09-30 0.29 0.27 0.17
2012-06-30 0.29 0.27 0.17
  • Plexure Group has no debt.
  • Plexure Group had no debt 5 years ago.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Plexure Group has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Plexure Group has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -100% per year.
X
Financial health checks
We assess Plexure Group'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. Plexure Group has a total score of 6/6, 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.

PLX Dividends

 What is Plexure Group'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 Plexure Group dividends.
If you bought NZ$2,000 of Plexure Group 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 Plexure Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Plexure Group'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:PLX 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 Software Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 1.2%
New Zealand Market Average Dividend Yield Market Cap Weighted Average of 73 Stocks 3.8%
New Zealand Minimum Threshold Dividend Yield 10th Percentile 2.1%
New Zealand Bottom 25% Dividend Yield 25th Percentile 3.3%
New Zealand Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

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

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

  • Unable to perform a dividend volatility check as Plexure Group has not reported any payouts.
  • Unable to verify if Plexure Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Plexure Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Plexure Group 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 Plexure Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 2.1%) - 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 Plexure Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Plexure Group 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.

PLX Management

 What is the CEO of Plexure Group'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
Craig Herbison
TENURE AS CEO 1.7 years
CEO Bio

Mr. Craig Don Herbison has been the Chief Executive Officer of Plexure Group Limited since September 7, 2017 and its Executive Director since June 19, 2018. Mr. Herbison is an internationally experienced leader with over 20 years of digital and brand marketing, business transformation, sales and corporate leadership experience. He served as a Director of Retail & Marketing at Bank of New Zealand since October 1, 2014 until September 2016. Mr. Herbison served as the Chief Marketing Officer and Member of the BNZ Executive Team at BNZ. He served as General Manager of Marketing and Brand at Telecom Corporation of New Zealand Limited since April 1, 2009. Before joining BNZ, he served as the Director of Marketing for Telecom Retail, where he developed and led the rebrand of Telecom's `spark' brand identity for the Telecom group. He served as General Manager of Marketing and Brand at Spark New Zealand Limited since April 1, 2009. He served as Vodafone's Regional General Manager of Brand and Communications covering Australia and New Zealand in Sydney. His previous roles include General Manager of Brand Marketing and Communications for Vodafone New Zealand in Auckland and Executive Director of STW Group in Sydney. He also worked in senior roles at communications company WPP London and creative agency TBWA/GGT, where he led activity for clients including both Vodafone and mobile operator 3. He has been a Director of BNZ Income Securities Limited and BNZ Income Securities 2 Limited since September 7, 2012. Mr. Herbison holds a Bachelor of Laws from Otago University.

CEO Compensation
  • Insufficient data for Craig to compare compensation growth.
  • Insufficient data for Craig to establish whether their remuneration is reasonable compared to companies of similar size in New Zealand.
Management Team Tenure

Average tenure of the Plexure Group management team in years:

2
Average Tenure
  • The tenure for the Plexure Group management team is about average.
Management Team

Craig Herbison

TITLE
CEO & Executive Director
TENURE
1.7 yrs

Andrew Dalziel

TITLE
Chief Financial Officer
TENURE
2.7 yrs

Duanne O’Brien

TITLE
Chief Technology Officer
TENURE
2.3 yrs

Christopher Dawson

TITLE
Chief Customer Officer
TENURE
1.5 yrs
Board of Directors Tenure

Average tenure of the Plexure Group board of directors in years:

1.6
Average Tenure
  • The average tenure for the Plexure Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Craig Herbison

TITLE
CEO & Executive Director
TENURE
0.9 yrs

Phil Norman

TITLE
Independent Non-Executive Chairman
COMPENSATION
NZ$50K
TENURE
6.8 yrs

Sharon Hunter

TITLE
Independent Non-Executive Director
COMPENSATION
NZ$35K
TENURE
3.5 yrs

Brian Russell

TITLE
Independent Director
COMPENSATION
NZ$17K
TENURE
1.6 yrs

Robert Bell

TITLE
Non-Executive Director
TENURE
0.1 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 Plexure Group'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. Plexure Group 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.

PLX News

Simply Wall St News

Are Plexure Group Limited's (NZSE:PLX) Interest Costs Too High?

While small-cap stocks, such as Plexure Group Limited (NZSE:PLX) with its market cap of NZ$34m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn.

Simply Wall St -

Is Plexure Group Limited's (NZSE:PLX) Balance Sheet A Threat To Its Future?

Investors are always looking for growth in small-cap stocks like Plexure Group Limited (NZSE:PLX), with a market cap of NZ$23m. … However, an important fact which most ignore is: how financially healthy is the business? … the current state of its operations and pathway to profitability.

Simply Wall St -

Is Plexure Group Limited's (NZSE:PLX) Balance Sheet A Threat To Its Future?

Plexure Group Limited (NZSE:PLX) is a small-cap stock with a market capitalization of NZ$24.87m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health.

Simply Wall St -

Is Plexure Group Limited's (NZE:PLX) Balance Sheet A Threat To Its Future?

How does PLX’s operating cash flow stack up against its debt? … Moreover, PLX has generated NZ$2.63M in operating cash flow in the last twelve months, leading to an operating cash to total debt ratio of 177.37%, meaning that PLX’s debt is appropriately covered by operating cash. … PLX's risk around capital structure is low, and the company has the headroom and ability to raise debt should it need to in the future.Next Steps: PLX has demonstrated its ability to generate sufficient levels of cash flow, while its debt hovers at an appropriate level.

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How Should You Think About Plexure Group Limited's (NZE:PLX) Risks?

Based on this beta value, PLX appears to be a stock that an investor with a high-beta portfolio would look for to reduce risk exposure to the market. … An asset-heavy company tends to have a higher beta because the risk associated with running fixed assets during a downturn is highly expensive. … Thus, we can expect PLX to be more stable in the face of market movements, relative to its peers of similar size but with a higher portion of fixed assets on their books.

Simply Wall St -

What You Must Know About Plexure Group Limited's (NZE:PLX) Major Investors

In this analysis, my focus will be on developing a perspective on Plexure Group Limited’s (NZSE:PLX) latest ownership structure, a less discussed, but important factor. … Check out our latest analysis for Plexure Group NZSE:PLX Ownership_summary Apr 4th 18 Institutional Ownership Institutions account for 10.86% of PLX's outstanding shares, a significant enough holding to move stock prices if they start buying and selling in large quantities, especially when there are relatively small amounts of shares available on the market to trade. … Thus, investors should dig deeper into PLX's business relations with these companies and how it can affect shareholder returns in the long-term.Next Steps: The company's high institutional ownership makes margin of safety a very important consideration to existing investors since long bull and bear trends often emerge when these big-ticket investors see a change in long-term potential of the company.

Simply Wall St -

Does Plexure Group Limited's (NZE:PLX) Past Performance Indicate A Stronger Future?

Measuring Plexure Group Limited's (NZSE:PLX) track record of past performance is an insightful exercise for investors. … Check out our latest analysis for Plexure Group How PLX fared against its long-term earnings performance and its industry To account for any quarterly or half-yearly updates, I use data from the most recent 12 months, which either annualizes the most recent 6-month earnings update, or in some cases, the most recent annual report is already the latest available financial data. … NZSE:PLX Income Statement Mar 27th 18 We can further examine Plexure Group's loss by looking at what the industry has been experiencing over the past few years.

Simply Wall St -

Are Plexure Group Limited's (NZE:PLX) Interest Costs Too High?

How does PLX’s operating cash flow stack up against its debt? … Moving onto cash from operations, its small level of operating cash flow means calculating cash-to-debt wouldn't be too useful, though these low levels of cash means that operational efficiency is worth a look. … Investors' risk associated with debt is very low with PLX, and the company has plenty of headroom and ability to raise debt should it need to in the future.Next Steps: PLX’s cash flow coverage indicates it could improve its operating efficiency in order to meet demand for debt repayments should unforeseen events arise.

Simply Wall St -

Does Plexure Group Limited (NZE:PLX) Need To Raise More Cash?

View our latest analysis for Plexure Group What is cash burn? … My cash burn analysis suggests that, if Plexure Group continues to spend its cash reserves at this current high rate, it’ll have to raise capital within the next 5 months, which may be a surprise to some shareholders. … The outcome of my analysis suggests that if the company maintains the rate of opex growth, it will run out of cash within the year.

Simply Wall St -

How Does Plexure Group Limited (NZE:PLX) Affect Your Portfolio Returns?

A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … Based on this beta value, PLX appears to be a stock that an investor with a high-beta portfolio would look for to reduce risk exposure to the market. … A market capitalisation of NZ$22.33M puts PLX in the category of small-cap stocks, which tends to possess higher beta than larger companies.

Simply Wall St -

PLX Company Info

Description

Plexure Group Limited develops and deploys mobile engagement software primarily for use in quick service restaurants, and fuel and convenience stores. The company’s software helps its customers to engage consumers on mobile devices and drive them to store with personalized offers, mobile orders, and pay and loyalty activities. Plexure Group Limited also engages in trading activities. It operates in Asia, Australasia, North America, Latin America, and Europe. The company was formerly known as VMob Group Limited and changed its name to Plexure Group Limited in July 2016. Plexure Group Limited was incorporated in 1984 and is headquartered in Auckland, New Zealand.

Details
Name: Plexure Group Limited
PLX
Exchange: NZSE
Founded: 1984
NZ$75,247,149
139,346,574
Website: http://www.plexure.com
Address: Plexure Group Limited
104 Quay Street,
Level 3,
Auckland,
1010,
New Zealand
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NZSE PLX Ordinary Shares New Zealand Stock Exchange NZ NZD 28. Aug 2012
Number of employees
Current staff
Staff numbers
37
Plexure Group employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/21 10:37
End of day share price update: 2019/05/21 00:00
Last earnings filing: 2019/05/20
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


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.