OTCPK:PHPY.F

Stock Analysis Report

Executive Summary

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


Snowflake Analysis

Flawless balance sheet with reasonable growth potential.


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: PHPY.F has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

PHPY.F

-12.1%

US IT

-10.6%

US Market


1 Year Return

27.4%

PHPY.F

16.7%

US IT

5.2%

US Market

Return vs Industry: PHPY.F exceeded the US IT industry which returned 21.9% over the past year.

Return vs Market: PHPY.F exceeded the US Market which returned 10.2% over the past year.


Shareholder returns

PHPY.FIndustryMarket
7 Day0%-12.1%-10.6%
30 Day18.4%-9.0%-8.5%
90 Day22.9%-2.0%-4.6%
1 Year27.4%27.4%17.9%16.7%7.4%5.2%
3 Year98.6%98.6%82.2%74.4%31.7%23.2%
5 Yearn/a119.6%100.4%56.4%39.3%

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

No news available

Valuation

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

13.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PHPY.F ($2.9) is trading below our estimate of fair value ($3.4)

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


Price To Earnings Ratio

PE vs Industry: PHPY.F is good value based on its PE Ratio (23.5x) compared to the IT industry average (30x).

PE vs Market: PHPY.F is poor value based on its PE Ratio (23.5x) compared to the US market (17.1x).


Price to Earnings Growth Ratio

PEG Ratio: PHPY.F is poor value based on its PEG Ratio (1.2x)


Price to Book Ratio

PB vs Industry: PHPY.F is overvalued based on its PB Ratio (15.5x) compared to the US IT industry average (3.8x).


Next Steps

Future Growth

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

18.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PHPY.F's forecast earnings growth (18.9% per year) is above the savings rate (1.7%).

Earnings vs Market: PHPY.F's earnings (18.9% per year) are forecast to grow faster than the US market (13.2% per year).

High Growth Earnings: PHPY.F's earnings are forecast to grow, but not significantly.

Revenue vs Market: PHPY.F's revenue (15.9% per year) is forecast to grow faster than the US market (7.6% per year).

High Growth Revenue: PHPY.F's revenue (15.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PHPY.F's Return on Equity is forecast to be high in 3 years time (28%)


Next Steps

Past Performance

How has Pushpay Holdings performed over the past 5 years?

21.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PHPY.F has a high level of non-cash earnings.

Growing Profit Margin: PHPY.F became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: PHPY.F has become profitable over the past 5 years, growing earnings by 21.2% per year.

Accelerating Growth: PHPY.F has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: PHPY.F has become profitable in the last year, making it difficult to compare its past year earnings growth to the IT industry (12%).


Return on Equity

High ROE: PHPY.F's Return on Equity (65.9%) is considered outstanding.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Pushpay Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: PHPY.F's short term assets ($36.2M) exceed its short term liabilities ($14.1M).

Long Term Liabilities: PHPY.F's short term assets ($36.2M) exceed its long term liabilities ($2.2M).


Debt to Equity History and Analysis

Debt Level: PHPY.F is debt free.

Reducing Debt: PHPY.F had no debt 5 years ago.


Balance Sheet

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

Debt Coverage by Assets: Insufficient data to determine if PHPY.F's debt is covered by short term assets.


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.

Stable Cash Runway: PHPY.F is profitable, therefore cash runway is not a concern.

Forecast Cash Runway: PHPY.F is profitable, therefore cash runway is not a concern.


Next Steps

Dividend

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

0.26%

Forecast Dividend Yield


Dividend Yield vs Market

companyn/amarketbottom25%1.6%markettop25%4.1%industryaverage1.4%forecastin3Years0.3%

Current dividend yield vs market & industry

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

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


Stability and Growth of Payments

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

Growing Dividend: Insufficient data to determine if PHPY.F'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 PHPY.F's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

3.0yrs

Average management tenure


CEO

Bruce Gordon 0

0.7yrs

Tenure

US$162,000

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 ...


Leadership Team

NamePositionTenureCompensationOwnership
Bruce Gordon
CEO & Executive Director0.7yrsUS$162.00k0.78% $5.5m
Christopher Heaslip
Co-Founder & Non-Executive Director8.6yrsUS$1.06mno data
Steve Basden
President0yrsno data0.13% $890.5k
Shane Sampson
Chief Financial Officer4.3yrsno data0.10% $707.3k
Kevin Kuck
Senior Vice President of Operations0yrsno data0.031% $219.4k
Cherry Chu
Accounting Manager0yrsno datano data
Sarah Elder
Investor Relations Manager0yrsno datano data
Matt Tresidder
Vice President of Sales4yrsno datano data
Guy Weismantel
Chief Marketing Officer2yrsno data0.014% $100.5k
Michael Erisman
Chief People Officer0.9yrsno datano data

3.0yrs

Average Tenure

Experienced Management: PHPY.F's management team is considered experienced (3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Bruce Gordon
CEO & Executive Director0.7yrsUS$162.00k0.78% $5.5m
Christopher Heaslip
Co-Founder & Non-Executive Director8.6yrsUS$1.06mno data
Christopher Fowler
Visionary & Executive Director0.2yrsno data2.36% $16.7m
Peter Karl Huljich
Non-Executive Director0.8yrsno datano data
Justine Gay Smyth
Independent Director0.5yrsno datano data
Graham Shaw
Independent Chairman0.8yrsUS$64.00k0.50% $3.5m
Christopher Huljich
Alternate Director0yrsUS$60.00k1.84% $13.1m

0.8yrs

Average Tenure

Experienced Board: PHPY.F's board of directors are not considered experienced ( 0.8 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: PHPY.F 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: PHPY.F
  • Exchange: OTCPK
  • Founded: 2011
  • Industry: Data Processing and Outsourced Services
  • Sector: Software
  • Market Cap: NZ$1.122b
  • Listing Market Cap: NZ$708.570m
  • 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 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 Limited was founded in 2011 and is based in Auckland, New Zealand. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/28 02:27
End of Day Share Price2020/02/20 00:00
Earnings2019/09/30
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.