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PPH

Pushpay HoldingsNZSE:PPH Stock Report

Market Cap

NZ$2.1b

7D

-3.2%

1Y

-22.2%

Updated

24 Oct, 2021

Data

Company Financials +
PPH fundamental analysis
Snowflake Score
Valuation1/6
Future Growth5/6
Past Performance6/6
Financial Health6/6
Dividends0/6

PPH Overview

Pushpay Holdings Limited, together with its subsidiaries, provides donor management system to the faith sector, non-profit organizations, and education providers in the United States, Canada, Australia, and New Zealand.

Pushpay Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Pushpay Holdings
Historical stock prices
Current Share PriceNZ$1.81
52 Week HighNZ$1.52
52 Week LowNZ$2.40
Beta0.87
1 Month Change-2.69%
3 Month Change3.43%
1 Year Change-22.15%
3 Year Change97.81%
5 Year Change311.36%
Change since IPO1,856.76%

Recent News & Updates

Sep 08
Here's Why We Think Pushpay Holdings (NZSE:PPH) Is Well Worth Watching

Here's Why We Think Pushpay Holdings (NZSE:PPH) Is Well Worth Watching

It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...

Shareholder Returns

PPHNZ ITNZ Market
7D-3.2%1.3%0.4%
1Y-22.2%7.3%2.1%

Return vs Industry: PPH underperformed the NZ IT industry which returned 7.3% over the past year.

Return vs Market: PPH underperformed the NZ Market which returned 2.1% over the past year.

Price Volatility

Is PPH's price volatile compared to industry and market?
PPH volatility
PPH Beta0.87
Industry Beta1.66
Market Beta1

Stable Share Price: PPH is not significantly more volatile than the rest of NZ stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: PPH's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2011405Molly Matthewshttps://www.pushpay.com

Pushpay Holdings Limited, together with its subsidiaries, provides donor management system to the faith sector, non-profit organizations, and education providers in the United States, Canada, Australia, and New Zealand. Its donor management system comprise donor tools, finance tools, and a custom community app. The company provides engagement, payments, and administration solutions, which enables its customers to enhance participation and build stronger relationships with their communities.

Pushpay Holdings Fundamentals Summary

How do Pushpay Holdings's earnings and revenue compare to its market cap?
PPH fundamental statistics
Market CapUS$1.47b
Earnings (TTM)US$31.18m
Revenue (TTM)US$179.11m

47.2x

P/E Ratio

8.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PPH income statement (TTM)
RevenueUS$179.11m
Cost of RevenueUS$57.18m
Gross ProfitUS$121.93m
ExpensesUS$90.75m
EarningsUS$31.18m

Last Reported Earnings

Mar 31, 2021

Next Earnings Date

Nov 09, 2021

Earnings per share (EPS)0.027
Gross Margin68.08%
Net Profit Margin17.41%
Debt/Equity Ratio0%

How did PPH perform over the long term?

See historical performance and comparison

Valuation

Is Pushpay Holdings undervalued compared to its fair value and its price relative to the market?

5.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PPH (NZ$1.81) is trading below our estimate of fair value (NZ$1.91)

Significantly Below Fair Value: PPH is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: PPH is poor value based on its PE Ratio (47.2x) compared to the Oceanic IT industry average (43.1x).

PE vs Market: PPH is poor value based on its PE Ratio (47.2x) compared to the NZ market (22.2x).


Price to Earnings Growth Ratio

PEG Ratio: PPH is poor value based on its PEG Ratio (2.2x)


Price to Book Ratio

PB vs Industry: PPH is overvalued based on its PB Ratio (15.7x) compared to the XO IT industry average (3.4x).


Future Growth

How is Pushpay Holdings forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

21.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PPH's forecast earnings growth (21.2% per year) is above the savings rate (2.1%).

Earnings vs Market: PPH's earnings (21.2% per year) are forecast to grow faster than the NZ market (9.2% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: PPH's revenue (16.2% per year) is forecast to grow faster than the NZ market (5.3% per year).

High Growth Revenue: PPH's revenue (16.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PPH's Return on Equity is forecast to be high in 3 years time (26.8%)


Past Performance

How has Pushpay Holdings performed over the past 5 years?

60.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PPH has high quality earnings.

Growing Profit Margin: PPH's current net profit margins (17.4%) are higher than last year (12.5%).


Past Earnings Growth Analysis

Earnings Trend: PPH has become profitable over the past 5 years, growing earnings by 60.1% per year.

Accelerating Growth: PPH's earnings growth over the past year (94.9%) exceeds its 5-year average (60.1% per year).

Earnings vs Industry: PPH earnings growth over the past year (94.9%) exceeded the IT industry 1.9%.


Return on Equity

High ROE: PPH's Return on Equity (33.2%) is considered high.


Financial Health

How is Pushpay Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: PPH's short term assets ($27.2M) exceed its short term liabilities ($22.4M).

Long Term Liabilities: PPH's short term assets ($27.2M) exceed its long term liabilities ($704.0K).


Debt to Equity History and Analysis

Debt Level: PPH is debt free.

Reducing Debt: PPH has no debt compared to 5 years ago when its debt to equity ratio was 0.07%.

Debt Coverage: PPH has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: PPH has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Pushpay Holdings's current dividend yield, its reliability and sustainability?

1.95%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate PPH's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate PPH's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if PPH's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PPH's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of PPH's dividend in 3 years as they are not forecast to pay a notable one for the NZ market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.0yrs

Average management tenure


CEO

Molly Matthews

0.58

Tenure

Ms. Molly Matthews serves as the Chief Executive Officer of Pushpay Holdings Limited since March 1, 2021. She served as the Chief Customer Officer at Pushpay Holdings Limited until March 1, 2021 and served...


Leadership Team

Experienced Management: PPH's management team is not considered experienced ( 1 years average tenure), which suggests a new team.


Board Members

Experienced Board: PPH's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.4%.


Top Shareholders

Company Information

Pushpay Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Pushpay Holdings Limited
  • Ticker: PPH
  • Exchange: NZSE
  • Founded: 2011
  • Industry: Data Processing and Outsourced Services
  • Sector: Software
  • Market Cap: NZ$2.063b
  • Shares outstanding: 1.14b
  • Website: https://www.pushpay.com

Number of Employees


Location

  • Pushpay Holdings Limited
  • Building D
  • Level 6
  • Auckland
  • 1010
  • New Zealand

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/24 06:01
End of Day Share Price2021/10/22 00:00
Earnings2021/03/31
Annual Earnings2021/03/31


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.