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Southern Charter Financial Group

NZSE:SNC
Snowflake Description

Adequate balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SNC
NZSE
NZ$515K
Market Cap
  1. Home
  2. NZ
  3. Software
Company description

Southern Charter Financial Group Limited does not have significant operation. The last earnings update was 109 days ago. More info.


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SNC Share Price and Events
7 Day Returns
0%
NZSE:SNC
-2.6%
NZ Software
-0.9%
NZ Market
1 Year Returns
-95%
NZSE:SNC
35%
NZ Software
7.7%
NZ Market
SNC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Southern Charter Financial Group (SNC) 0% 0% - -95% - -
NZ Software -2.6% -5.1% -5% 35% 88.9% 233.6%
NZ Market -0.9% -0% -2.2% 7.7% 85.7% 149.9%
1 Year Return vs Industry and Market
  • SNC underperformed the Software industry which returned 35% over the past year.
  • SNC underperformed the Market in New Zealand which returned 7.7% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

SNC Value

 Is Southern Charter Financial 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
  • It is not possible to calculate the future cash flow value for Southern Charter Financial Group. This is due to cash flow or dividend data being unavailable. The share price is NZ$0.001.
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 Southern Charter Financial Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Southern Charter Financial Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NZSE:SNC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-03-31) in USD $-0.00
NZSE:SNC Share Price ** NZSE (2018-08-21) in NZD NZ$0
Oceania Software Industry PE Ratio Median Figure of 27 Publicly-Listed Software Companies 34.29x
New Zealand Market PE Ratio Median Figure of 90 Publicly-Listed Companies 16.5x

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

** Primary Listing of Southern Charter Financial Group.

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

= NZSE:SNC Share Price ÷ EPS (both in USD)

= 0 ÷ -0.00

-1.49x

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

  • Southern Charter Financial Group is loss making, we can't compare its value to the Oceania Software industry average.
  • Southern Charter Financial Group is loss making, we can't compare the value of its earnings to the New Zealand market.
Price based on expected Growth
Does Southern Charter Financial Group's expected growth come at a high price?
Raw Data
NZSE:SNC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.49x
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 18 Publicly-Listed Software Companies 2.62x
New Zealand Market PEG Ratio Median Figure of 64 Publicly-Listed Companies 1.33x

*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 Southern Charter Financial Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Southern Charter Financial Group's assets?
Raw Data
NZSE:SNC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-03-31) in USD $0.00
NZSE:SNC Share Price * NZSE (2018-08-21) in NZD NZ$0
New Zealand Software Industry PB Ratio Median Figure of 8 Publicly-Listed Software Companies 3.44x
New Zealand Market PB Ratio Median Figure of 126 Publicly-Listed Companies 1.53x
NZSE:SNC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NZSE:SNC Share Price ÷ Book Value per Share (both in USD)

= 0 ÷ 0.00

0.21x

* Primary Listing of Southern Charter Financial Group.

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

  • Southern Charter Financial Group is good value based on assets compared to the NZ Software industry average.
X
Value checks
We assess Southern Charter Financial 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. Southern Charter Financial Group has a total score of 1/6, 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.

SNC Future Performance

 How is Southern Charter Financial 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 Southern Charter Financial 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
39.1%
Expected Software industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Southern Charter Financial Group expected to grow at an attractive rate?
  • Unable to compare Southern Charter Financial Group's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Southern Charter Financial Group's earnings growth to the New Zealand market average as no estimate data is available.
  • Unable to compare Southern Charter Financial Group's revenue growth to the New Zealand market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NZSE:SNC Future Growth Rates Data Sources
Data Point Source Value (per year)
New Zealand Software Industry Earnings Growth Rate Market Cap Weighted Average 39.1%
Oceania Software Industry Revenue Growth Rate Market Cap Weighted Average 17%
New Zealand Market Earnings Growth Rate Market Cap Weighted Average 7.7%
New Zealand Market Revenue Growth Rate Market Cap Weighted Average 5.4%

*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:SNC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NZSE:SNC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-03-31 -1 -0
2017-12-31 -1 -0
2017-09-30 -1 0
2017-06-30 -1 -0
2017-03-31 -1 -0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Southern Charter Financial Group is high growth as no earnings estimate data is available.
  • Unable to determine if Southern Charter Financial 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:SNC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Southern Charter Financial Group Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NZSE:SNC Past Financials Data
Date (Data in USD Millions) EPS *
2018-03-31 -0.00
2017-12-31 -0.00
2017-09-30 0.01
2017-06-30 -0.00
2017-03-31 -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 Southern Charter Financial Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Southern Charter Financial 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. Southern Charter Financial 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. Southern Charter Financial 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 Southern Charter Financial 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.
Southern Charter Financial 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.

SNC Past Performance

  How has Southern Charter Financial 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 Southern Charter Financial 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.
  • Southern Charter Financial Group does not make a profit and there is insufficient past data to establish if their 5 year on year earnings growth rate was positive.
  • Unable to compare Southern Charter Financial Group's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Southern Charter Financial Group's 1-year growth to the Oceania Software industry average as it is not currently profitable.
Earnings and Revenue History
Southern Charter Financial 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 Southern Charter Financial Group Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NZSE:SNC Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-03-31 -0.22 0.12
2017-12-31 -0.01 0.13
2017-09-30 0.19 0.13
2017-06-30 -0.01 0.14
2017-03-31 -0.21 0.15

*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 Southern Charter Financial 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 Southern Charter Financial 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 Southern Charter Financial 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 Southern Charter Financial 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.
Southern Charter Financial 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.

SNC Health

 How is Southern Charter Financial 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 Southern Charter Financial Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Southern Charter Financial Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Southern Charter Financial Group has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Southern Charter Financial 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.
  • Southern Charter Financial 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 Southern Charter Financial Group Company Filings, last reported 7 months ago.

NZSE:SNC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-03-31 2.46 0.00 2.51
2017-12-31 2.46 0.00 2.51
2017-09-30 2.56 0.00 2.58
2017-06-30 2.56 0.00 2.58
2017-03-31 -0.77 0.00 0.12
  • Southern Charter Financial Group has no debt.
  • Southern Charter Financial Group has not taken on any debt in the past 5 years.
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.

  • Information is not available.
  • Unable to confirm if Southern Charter Financial Group has at least 1 year of cash runway based on growing free cash flows without relevant data.
X
Financial health checks
We assess Southern Charter Financial 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. Southern Charter Financial Group has a total score of 4/6, 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.

SNC Dividends

 What is Southern Charter Financial 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 Southern Charter Financial Group dividends.
If you bought NZ$2,000 of Southern Charter Financial 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 Southern Charter Financial Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Southern Charter Financial 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:SNC 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 16 Stocks 1.8%
New Zealand Market Average Dividend Yield Market Cap Weighted Average of 79 Stocks 4.2%
New Zealand Minimum Threshold Dividend Yield 10th Percentile 1.8%
New Zealand Bottom 25% Dividend Yield 25th Percentile 3.2%
New Zealand Top 25% Dividend Yield 75th Percentile 5.8%

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 Southern Charter Financial Group has not reported any payouts.
  • Unable to verify if Southern Charter Financial Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Southern Charter Financial Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Southern Charter Financial 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 Southern Charter Financial Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.8%) - 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 Southern Charter Financial Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Southern Charter Financial 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.

SNC Management

 What is the CEO of Southern Charter Financial 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.
  • Southern Charter Financial Group has no CEO, or we have no data on them.
Management Team

John Cilliers

TITLE
CFO & Director
COMPENSATION
$13K
Board of Directors Tenure

Average tenure of the Southern Charter Financial Group board of directors in years:

1.3
Average Tenure
  • The average tenure for the Southern Charter Financial Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Karl Chan

TITLE
Chairman of the Board
TENURE
1.3 yrs

Joseph Wijk

TITLE
Deputy Chairman
COMPENSATION
$61K

John Cilliers

TITLE
CFO & Director
COMPENSATION
$13K
TENURE
0.8 yrs

Andy Sze

TITLE
Director
AGE
67
TENURE
1.3 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 Southern Charter Financial 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. Southern Charter Financial 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.

SNC News

External News
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Simply Wall St News

Is Now The Time To Bet On The Real Estate Sector And Southern Charter Financial Group Limited (NZE:SNC)?

Southern Charter Financial Group Limited (NZSE:SNC), a NZDNZ$0.00 small-cap, is a real estate company operating in an industry which is the most prevalent industry in the global economy, and as an asset class, it has continued to play a crucial role in the portfolios of various investors. … See our latest analysis for Southern Charter Financial Group What’s the catalyst for Southern Charter Financial Group's sector growth? … If you’re looking for a high-growth stock with potential mispricing, it seems like real estate companies like Southern Charter Financial Group isn’t the right place to look.

Simply Wall St -

Is Southern Charter Financial Group Limited's (NZE:SNC) 26.45% ROE Good Enough Compared To Its Industry?

View our latest analysis for Southern Charter Financial Group What you must know about ROE Return on Equity (ROE) weighs Southern Charter Financial Group’s profit against the level of its shareholders’ equity. … For now, let’s just look at the cost of equity number for Southern Charter Financial Group, which is 11.54%. … Southern Charter Financial Group’s above-industry ROE is encouraging, and is also in excess of its cost of equity.

Simply Wall St -

SNC Company Info

Map
Description

Southern Charter Financial Group Limited does not have significant operation. The company intends to acquire business in the financial services sector. Previously, it was engaged in the development and distribution of digital products and services that enable commercialization of the mobile and fixed Web using various payment methods. The company is based in Auckland, New Zealand. Southern Charter Financial Group Limited is a subsidiary of Golden Tower NZ Limited.

Details
Name: Southern Charter Financial Group Limited
SNC
Exchange: NZSE
Founded:
NZ$514,894
514,894,500
Website: http://
Address: Southern Charter Financial Group Limited
5 Balm Street,
Level 1,
Auckland,
1023,
New Zealand
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NZSE SNC Ordinary Shares New Zealand Stock Exchange NZ NZD 01. Sep 2017
Number of employees
Current staff
Staff numbers
0
Southern Charter Financial Group employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/11/17 06:43
End of day share price update: 2018/08/21 00:00
Last earnings filing: 2018/07/31
Last earnings reported: 2018/03/31
Last annual earnings reported: 2018/03/31


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.