NZSE:PPH

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Executive Summary

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. More Details


Snowflake Analysis

High growth potential with questionable track record.


Similar Companies

Share Price & News

How has Pushpay Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PPH has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0.8%

PPH

1.9%

NZ IT

0.5%

NZ Market


1 Year Return

195.2%

PPH

85.0%

NZ IT

8.6%

NZ Market

Return vs Industry: PPH exceeded the NZ IT industry which returned 85% over the past year.

Return vs Market: PPH exceeded the NZ Market which returned 8.6% over the past year.


Shareholder returns

PPHIndustryMarket
7 Day0.8%1.9%0.5%
30 Day8.1%19.6%6.4%
90 Day16.3%22.4%8.3%
1 Year195.2%195.2%87.5%85.0%13.1%8.6%
3 Year221.8%221.8%187.2%170.6%48.5%29.0%
5 Year376.9%376.9%121.1%95.0%101.5%52.4%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

106.74x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: PPH (NZ$9.3) is trading above our estimate of fair value (NZ$6.84)

Significantly Below Fair Value: PPH is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: PPH is poor value based on its PE Ratio (106.7x) compared to the XO IT industry average (23x).

PE vs Market: PPH is poor value based on its PE Ratio (106.7x) compared to the NZ market (23.8x).


Price to Earnings Growth Ratio

PEG Ratio: PPH is poor value based on its PEG Ratio (2.8x)


Price to Book Ratio

PB vs Industry: PPH is overvalued based on its PB Ratio (32.3x) compared to the XO IT industry average (3.4x).


Next Steps

Future Growth

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

38.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PPH's forecast earnings growth (38.1% per year) is above the savings rate (2.6%).

Earnings vs Market: PPH's earnings (38.1% per year) are forecast to grow faster than the NZ market (11.3% per year).

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

Revenue vs Market: PPH's revenue (18.9% per year) is forecast to grow faster than the NZ market (5.5% per year).

High Growth Revenue: PPH's revenue (18.9% 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 very high in 3 years time (42.4%).


Next Steps

Past Performance

How has Pushpay Holdings performed over the past 5 years?

39.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PPH has high quality earnings.

Growing Profit Margin: PPH's current net profit margins (12.3%) are lower than last year (19.2%).


Past Earnings Growth Analysis

Earnings Trend: PPH has become profitable over the past 5 years, growing earnings by 39.6% per year.

Accelerating Growth: PPH's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: PPH had negative earnings growth (-15.3%) over the past year, making it difficult to compare to the IT industry average (-8.7%).


Return on Equity

High ROE: Whilst PPH's Return on Equity (30.22%) is high, this metric is skewed due to their high level of debt.


Next Steps

Financial Health

How is Pushpay Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: PPH's short term assets ($25.7M) do not cover its short term liabilities ($46.4M).

Long Term Liabilities: PPH's short term assets ($25.7M) do not cover its long term liabilities ($35.7M).


Debt to Equity History and Analysis

Debt Level: PPH's debt to equity ratio (107.6%) is considered high.

Reducing Debt: Insufficient data to determine if PPH's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: PPH's debt is well covered by operating cash flow (41.3%).

Interest Coverage: Insufficient data to determine if PPH's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

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

0.51%

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?

2.1yrs

Average management tenure


CEO

Bruce Gordon

1.33yrs

Tenure

US$1,002,584

Compensation

Mr. Bruce Patrick Gordon serves as Chief Executive Officer of Cristal Air International (trading as HRV) and has expertise in retail, banking, finance and electronic payments. Mr. Gordon serves as the Chie ...


CEO Compensation Analysis

Compensation vs Market: Bruce's total compensation ($USD1.00M) is about average for companies of similar size in the NZ market ($USD1.16M).

Compensation vs Earnings: Bruce's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Bruce Gordon
CEO & Executive Director1.33yrsUS$1.00m0.52%
$ 13.3m
Christopher Fowler
Visionary & Executive Director0.83yrUS$32.05k2.36%
$ 60.5m
Shane Sampson
Chief Financial Officer5yrsno data0.090%
$ 2.3m
Don Harms
Group Chief Operating Officerno datano datano data
Cherry Chu
Accounting Managerno datano datano data
Aaron Senneff
Chief Technology Officerno datano datano data
Sarah Elder
Investor Relations Managerno datano datano data
Gabrielle Wilson
Head of Investor Relationsno datano datano data
Matt Tresidder
Vice President of Sales4.67yrsno datano data
Guy Weismantel
Chief Marketing Officer2.67yrsno datano data
Michael Erisman
Chief People Officer1.58yrsno datano data
Steve Basden
Chief Growth Officerno datano datano data

2.1yrs

Average Tenure

Experienced Management: PPH's management team is considered experienced (2.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Bruce Gordon
CEO & Executive Director1.33yrsUS$1.00m0.52%
$ 13.3m
Christopher Fowler
Visionary & Executive Director0.83yrUS$32.05k2.36%
$ 60.5m
Peter Karl Huljich
Non-Executive Director1.42yrsUS$75.00kno data
Lorraine Witten
Independent Director0.083yrno data0.00016%
$ 4.1k
Graham Shaw
Independent Chairman1.42yrsUS$148.00k1.05%
$ 26.8m
Christopher Huljich
Alternate Director1.42yrsUS$6.00k0%
$ 0
Lovina McMurchy
Independent Director0.58yrno datano data

1.4yrs

Average Tenure

Experienced Board: PPH's board of directors are not considered experienced ( 1.4 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: PPH insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Pushpay Holdings Limited's company bio, 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$2.564b
  • Shares outstanding: 275.65m
  • Website: https://www.pushpay.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PPHNZSE (New Zealand Stock Exchange)YesOrdinary SharesNZNZDAug 2014
PHPY.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDAug 2014
PPHASX (Australian Securities Exchange)YesOrdinary SharesAUAUDAug 2014
PPHCHIA (Chi-X Australia)YesOrdinary SharesAUAUDAug 2014

Biography

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, an ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/26 10:35
End of Day Share Price2020/10/23 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


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.