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AusNet Services

OTCPK:SAUN.F
Snowflake Description

Unattractive dividend payer and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SAUN.F
OTCPK
A$7B
Market Cap
  1. Home
  2. US
  3. Utilities
Company description

AusNet Services Ltd owns and operates an electricity transmission network in Australia. The last earnings update was 73 days ago. More info.


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SAUN.F Share Price and Events
7 Day Returns
4.4%
OTCPK:SAUN.F
-0.9%
US Electric Utilities
-0.9%
US Market
1 Year Returns
-
OTCPK:SAUN.F
15.3%
US Electric Utilities
3.8%
US Market
SAUN.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
AusNet Services (SAUN.F) 4.4% 4.4% 4.4% - 7% 2.8%
US Electric Utilities -0.9% -1.7% 4.6% 15.3% 13.3% 40.5%
US Market -0.9% 1.1% 1.1% 3.8% 35.5% 42.1%
1 Year Return vs Industry and Market
  • No trading data on SAUN.F.
  • No trading data on SAUN.F.
Price Volatility
SAUN.F
Industry
5yr Volatility vs Market

SAUN.F Value

 Is AusNet Services 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 AusNet Services 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 AusNet Services.

OTCPK:SAUN.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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 OTCPK:SAUN.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Electric Utilities Unlevered Beta Simply Wall St/ S&P Global 0.26
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.26 (1 + (1- 30%) (124.97%))
0.656
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 5.96%)
7.5%

Discounted Cash Flow Calculation for OTCPK:SAUN.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for AusNet Services 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.

OTCPK:SAUN.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 7.5%)
2020 49.00 Analyst x1 45.58
2021 128.50 Analyst x2 111.20
2022 176.00 Analyst x1 141.68
2023 215.91 Est @ 22.67% 161.69
2024 251.95 Est @ 16.69% 175.51
2025 283.45 Est @ 12.5% 183.68
2026 310.57 Est @ 9.57% 187.22
2027 333.92 Est @ 7.52% 187.26
2028 354.23 Est @ 6.08% 184.79
2029 372.22 Est @ 5.08% 180.63
Present value of next 10 years cash flows A$1,559.25
OTCPK:SAUN.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= A$372.22 × (1 + 2.73%) ÷ (7.5% – 2.73%)
A$8,019.65
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$8,019.65 ÷ (1 + 7.5%)10
A$3,891.81
OTCPK:SAUN.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$1,559.25 + A$3,891.81
A$5,451.06
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$5,451.06 / 3,687.91
A$1.48
OTCPK:SAUN.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:SAUN.F represents 0.71945x of ASX:AST
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.71945x
Value per Share
(Listing Adjusted, USD)
= Value per Share (AUD) x Listing Adjustment Factor
= A$ 1.48 x 0.71945
$1.06
Value per share (USD) From above. $1.06
Current discount Discount to share price of $1.30
= -1 x ($1.30 - $1.06) / $1.06
-21.8%

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

  • The current share price of AusNet Services 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 AusNet Services's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are AusNet Services's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:SAUN.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in AUD A$0.07
ASX:AST Share Price ** ASX (2019-07-18) in AUD A$1.8
United States of America Electric Utilities Industry PE Ratio Median Figure of 26 Publicly-Listed Electric Utilities Companies 22.59x
United States of America Market PE Ratio Median Figure of 3,083 Publicly-Listed Companies 17.8x

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

** Primary Listing of AusNet Services.

OTCPK:SAUN.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:AST Share Price ÷ EPS (both in AUD)

= 1.8 ÷ 0.07

25.66x

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

  • AusNet Services is overvalued based on earnings compared to the US Electric Utilities industry average.
  • AusNet Services is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does AusNet Services's expected growth come at a high price?
Raw Data
OTCPK:SAUN.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 25.66x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
7.3%per year
United States of America Electric Utilities Industry PEG Ratio Median Figure of 22 Publicly-Listed Electric Utilities Companies 3.19x
United States of America Market PEG Ratio Median Figure of 2,118 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

OTCPK:SAUN.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 25.66x ÷ 7.3%

3.53x

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

  • AusNet Services is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on AusNet Services's assets?
Raw Data
OTCPK:SAUN.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in AUD A$0.90
ASX:AST Share Price * ASX (2019-07-18) in AUD A$1.8
United States of America Electric Utilities Industry PB Ratio Median Figure of 29 Publicly-Listed Electric Utilities Companies 2.18x
United States of America Market PB Ratio Median Figure of 5,249 Publicly-Listed Companies 1.78x
OTCPK:SAUN.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:AST Share Price ÷ Book Value per Share (both in AUD)

= 1.8 ÷ 0.90

2x

* Primary Listing of AusNet Services.

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

  • AusNet Services is good value based on assets compared to the US Electric Utilities industry average.
X
Value checks
We assess AusNet Services'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 Electric Utilities 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 Electric Utilities industry average (and greater than 0)? (1 check)
  5. AusNet Services 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.

SAUN.F Future Performance

 How is AusNet Services expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

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
7.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is AusNet Services expected to grow at an attractive rate?
  • AusNet Services's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • AusNet Services's earnings growth is positive but not above the United States of America market average.
  • AusNet Services's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:SAUN.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:SAUN.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 7.3%
OTCPK:SAUN.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 3.5%
United States of America Electric Utilities Industry Earnings Growth Rate Market Cap Weighted Average 8.1%
United States of America Electric Utilities Industry Revenue Growth Rate Market Cap Weighted Average 2.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*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
OTCPK:SAUN.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:SAUN.F Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31 2,226 420 2
2023-03-31 2,140 333 2
2022-03-31 2,075 971 301 8
2021-03-31 2,022 884 287 9
2020-03-31 1,936 816 268 9
OTCPK:SAUN.F Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-03-31 1,862 814 254
2018-12-31 1,849 827 262
2018-09-30 1,837 840 269
2018-06-30 1,873 863 280
2018-03-31 1,910 886 291
2017-12-31 1,920 880 286
2017-09-30 1,930 873 280
2017-06-30 1,906 808 268
2017-03-31 1,882 743 255
2016-12-31 1,876 747 274
2016-09-30 1,871 752 293
2016-06-30 1,895 731 391

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • AusNet Services's earnings are expected to grow by 7.3% yearly, however this is not considered high growth (20% yearly).
  • AusNet Services's revenue is expected to grow by 3.5% yearly, however this is not considered high growth (20% yearly).
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
OTCPK:SAUN.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from AusNet Services Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:SAUN.F Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31 0.10 0.12 0.08 2.00
2023-03-31 0.07 0.07 0.07 1.00
2022-03-31 0.08 0.10 0.07 6.00
2021-03-31 0.08 0.10 0.06 7.00
2020-03-31 0.08 0.10 0.06 7.00
OTCPK:SAUN.F Past Financials Data
Date (Data in AUD Millions) EPS *
2019-03-31 0.07
2018-12-31 0.07
2018-09-30 0.07
2018-06-30 0.08
2018-03-31 0.08
2017-12-31 0.08
2017-09-30 0.08
2017-06-30 0.07
2017-03-31 0.07
2016-12-31 0.08
2016-09-30 0.08
2016-06-30 0.11

*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.
  • AusNet Services is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess AusNet Services'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
AusNet Services has a total score of 1/6, 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.

SAUN.F Past Performance

  How has AusNet Services 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 AusNet Services's growth in the last year to its industry (Electric Utilities).
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.
  • AusNet Services's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • AusNet Services's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • AusNet Services's 1-year earnings growth is negative, it can't be compared to the US Electric Utilities industry average.
Earnings and Revenue History
AusNet Services'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 AusNet Services Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:SAUN.F Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 1,861.50 253.90 289.70
2018-12-31 1,849.20 261.55 288.35
2018-09-30 1,836.90 269.20 287.00
2018-06-30 1,873.35 280.30 294.80
2018-03-31 1,909.80 291.40 302.60
2017-12-31 1,919.80 285.80 326.50
2017-09-30 1,929.80 280.20 350.40
2017-06-30 1,905.65 267.65 357.00
2017-03-31 1,881.50 255.10 363.60
2016-12-31 1,876.00 274.25 358.10
2016-09-30 1,870.50 293.40 352.60
2016-06-30 1,894.75 391.35 357.35
2016-03-31 1,919.00 489.30 362.10
2015-12-31 1,925.25 445.65 419.95
2015-09-30 1,931.50 402.00 477.80
2015-06-30 1,882.70 212.30 388.70
2015-03-31 1,833.90 22.60 299.60
2014-12-31 1,821.70 49.15 296.80
2014-09-30 1,809.50 75.70 294.00
2014-06-30 1,804.45 127.00 294.25
2014-03-31 1,799.40 178.30 294.50
2013-12-31 1,757.80 191.65 69.40
2013-09-30 1,716.20 205.00 155.50
2013-06-30 1,677.85 239.25 155.55
2013-03-31 1,639.50 273.50
2012-12-31 1,614.45 274.25 146.90
2012-09-30 1,589.40 275.00 138.20

*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.
  • AusNet Services has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • AusNet Services used its assets less efficiently than the US Electric Utilities industry average last year based on Return on Assets.
  • AusNet Services's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess AusNet Services'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 Electric Utilities 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.
AusNet Services has a total score of 1/6, 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.

SAUN.F Health

 How is AusNet Services'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 AusNet Services's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • AusNet Services's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • AusNet Services's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of AusNet Services'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.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
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 AusNet Services Company Filings, last reported 3 months ago.

OTCPK:SAUN.F Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 3,289.10 8,296.10 345.00
2018-12-31 3,289.10 8,296.10 345.00
2018-09-30 3,537.50 7,558.60 162.90
2018-06-30 3,537.50 7,558.60 162.90
2018-03-31 3,556.00 7,834.80 658.40
2017-12-31 3,556.00 7,834.80 658.40
2017-09-30 3,702.80 6,590.80 14.80
2017-06-30 3,702.80 6,590.80 14.80
2017-03-31 3,698.40 6,978.00 334.50
2016-12-31 3,698.40 6,978.00 334.50
2016-09-30 3,539.70 6,815.10 34.80
2016-06-30 3,539.70 6,815.10 34.80
2016-03-31 3,557.80 7,089.60 446.90
2015-12-31 3,557.80 7,089.60 446.90
2015-09-30 3,528.40 7,001.00 33.00
2015-06-30 3,528.40 7,001.00 33.00
2015-03-31 3,248.80 7,471.70 883.10
2014-12-31 3,248.80 7,471.70 883.10
2014-09-30 3,351.90 6,566.40 674.60
2014-06-30 3,351.90 6,566.40 674.60
2014-03-31 3,444.60 6,375.20 409.80
2013-12-31 3,444.60 6,375.20 409.80
2013-09-30 3,468.40 5,607.60 13.50
2013-06-30 3,468.40 5,607.60 13.50
2013-03-31 3,437.10 5,945.50 541.00
2012-12-31 3,437.10 5,945.50 541.00
2012-09-30 3,393.60 4,716.10 427.50
  • AusNet Services's level of debt (252.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (185.2% vs 252.2% today).
  • Debt is not well covered by operating cash flow (9.8%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.5x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess AusNet Services'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. AusNet Services has a total score of 0/6, 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.

SAUN.F Dividends

 What is AusNet Services'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
5.4%
Current annual income from AusNet Services dividends. Estimated to be 5.78% next year.
If you bought $2,000 of AusNet Services shares you are expected to receive $108 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?
  • AusNet Services's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • AusNet Services's dividend is above the markets top 25% of dividend payers in United States of America (3.77%).
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
OTCPK:SAUN.F 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 9 Analyst Estimates (S&P Global) See Below
United States of America Electric Utilities Industry Average Dividend Yield Market Cap Weighted Average of 27 Stocks 3.3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2017 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

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

OTCPK:SAUN.F Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2024-03-31 0.11 2.00
2023-03-31 0.10 2.00
2022-03-31 0.11 9.00
2021-03-31 0.10 10.00
2020-03-31 0.10 10.00
OTCPK:SAUN.F Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2019-05-13 0.097 5.219
2018-05-14 0.093 5.587
2017-11-14 0.093 5.375
2017-05-15 0.088 5.142
2016-11-18 0.088 5.454
2016-05-12 0.085 5.314
2015-11-16 0.085 5.765
2015-05-13 0.084 6.001
2014-11-11 0.084 5.941
2014-05-15 0.084 6.133
2012-11-08 0.082 6.833
2012-07-19 0.080 7.736
2012-05-15 0.082 7.942
2011-11-09 0.080 8.016
2011-05-12 0.080 8.671
2010-11-10 0.080 9.094
2010-07-15 0.080 9.378
2009-11-12 0.099 11.344
2009-05-14 0.119 14.556
2008-11-20 0.119 12.222

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of AusNet Services's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (0.7x coverage).
X
Income/ dividend checks
We assess AusNet Services's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 AusNet Services afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. AusNet Services has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

SAUN.F Management

 What is the CEO of AusNet Services'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
Nino Ficca
COMPENSATION A$2,879,023
AGE 59
TENURE AS CEO 14.2 years
CEO Bio

Mr. Nino Ficca serves as Director at Australian Energy Market Operator Limited since March 2019. He serves as the Managing Director of Ausnet Transmission Group Pty Ltd, Ausnet distribution Group Pty Ltd, AusNet Services Finance Trust, of AusNet Services (Distribution) Limited, AusNet Electricity Services Pty Ltd. and AusNet (NO.8) Pty Ltd. Mr. Ficca has been the Managing Director of Ausnet Services Holdings Pty Ltd since September 2005. Mr. Ficca has been the Managing Director of AusNet Services Ltd since May 31, 2005 and served as its Chief Executive Officer. He has been Managing Director of SP AusNet Management since August 19, 2005, AusNet Services (Transmission) Limited since September 7, 2005 and AusNet Services (Distribution) Limited since May 31, 2005. He has been an Executive Director of AusNet Services (Distribution) Limited since May 31, 2005. Mr. Ficca serves as an Executive Director of SP Australia Networks (Finance) Trust, AusNet Services Finance Trust and AusNet Services Ltd. He has been an Executive Director of AusNet Services (Transmission) Limited since September 7, 2005. He serves as Executive Director of AusNet Services Ltd since September 2005. He has been in the energy industry since 1983. He serves as Director at AusNet (No.8) Pty Ltd. He served as Managing Director of Ausnet Services at Singapore Power Ltd until January 2014. He served as Managing Director of SP Australia Networks (Finance) Trust and SPI Management Services until July 2014. Mr. Ficca served as Managing Director of SPI PowerNet Pty Limited since January 2003 and served as its Chief Executive Officer. Since August 2004, he served as the Chief Executive Officer of SPI Electricity Pty Ltd. Prior to taking on these roles, he served in a number of senior management roles with SPI/GPU PowerNet incorporating engineering, asset management and operation of field services. He serves as a Director of Enterprise Business Services (Australia) Pty Ltd. He serves as a Director of SPI Electricity & Gas Australia Holdings Pty Ltd and AusNet Electricity Services Pty Ltd. and SP Australia Networks (RE) Ltd. He serves as a Director of Ausnet Transmission Group Pty Ltd, Ausnet distribution Group Pty Ltd, AusNet (NO.8) Pty Ltd and SPI Management Services Pty Ltd. He served as a Deputy Chairman of the Energy Supply Association of Australia. He is a Board member of the Energy Networks Association. He serves as Director of Ausnet Services Holdings Pty Ltd. He serves as a Member of the Australian Institute of Company Directors, Fellow of Engineers Australia. He was a Director of the Energy Supply Association of Australia. He serves on the National Electricity Market Operations Committee. Mr. Ficca received his Bachelor of Engineering (Electrical) (Honours) from Deakin University and Graduate Diploma in Management from Deakin University and Advanced Management Programme from Harvard Business School, USA.

CEO Compensation
  • Nino's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Nino's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure of the AusNet Services management team in years:

2.8
Average Tenure
  • The tenure for the AusNet Services management team is about average.
Management Team

Nino Ficca

TITLE
MD & Executive Director
COMPENSATION
A$3M
AGE
59
TENURE
14.2 yrs

Adam Newman

TITLE
Executive GM & CFO
COMPENSATION
A$1M
TENURE
6.3 yrs

Mario Tieppo

TITLE
Executive General Manager of Technology
COMPENSATION
A$764K
TENURE
2.8 yrs

Prue Crawford-Flett

TITLE
Executive General Manager of Operations & Services
TENURE
0.3 yrs

John Nicolopoulos

TITLE
Head of Tax & Investor Relations

Geraldine Leslie

TITLE
Executive General Manager of People
TENURE
2.8 yrs

Claire Hamilton

TITLE
Executive GM of Governance & Company Secretary
Board of Directors Tenure

Average tenure and age of the AusNet Services board of directors in years:

3.2
Average Tenure
60.5
Average Age
  • The tenure for the AusNet Services board of directors is about average.
Board of Directors

Peter Edward Mason

TITLE
Independent Chairman
COMPENSATION
A$430K
AGE
73
TENURE
3.2 yrs

Nino Ficca

TITLE
MD & Executive Director
COMPENSATION
A$3M
AGE
59
TENURE
13.8 yrs

Sally Farrier

TITLE
Independent Non-Executive Director
COMPENSATION
A$220K
AGE
55
TENURE
5.5 yrs

NL Scheinkestel

TITLE
Independent Non-Executive Director
COMPENSATION
A$205K
AGE
59
TENURE
2.7 yrs

Ralph Craven

TITLE
Non-Executive Director
COMPENSATION
A$185K
AGE
68
TENURE
5.5 yrs

Robert Milliner

TITLE
Independent Non-Executive Director
COMPENSATION
A$203K
TENURE
4 yrs

Chee Meng Tan

TITLE
Non-Executive Director
COMPENSATION
A$185K
AGE
62
TENURE
3.2 yrs

Alan Chan

TITLE
Non-Executive Director
COMPENSATION
A$154K
TENURE
1.2 yrs

Lequan Li

TITLE
Non-Executive Director
COMPENSATION
A$91K
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • AusNet Services individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
17. Jun 19 Sell Chee Meng Tan Individual 14. Jun 19 14. Jun 19 -50,000 $1.31 $-65,310
14. Jun 19 Sell Chee Meng Tan Individual 13. Jun 19 13. Jun 19 -50,000 $1.30 $-64,971
27. Jul 18 Buy Heng Loon Chan Individual 25. Jul 18 25. Jul 18 50,000 $1.16 $57,964
X
Management checks
We assess AusNet Services'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. AusNet Services 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.

SAUN.F News

Simply Wall St News

SAUN.F Company Info

Description

AusNet Services Ltd owns and operates an electricity transmission network in Australia. It operates through Electricity Distribution, Gas Distribution, Electricity Transmission, and Mondo segments. The Electricity Distribution segment carries electricity from the high voltage transmission network to end users, including metering. The Gas Distribution segment carries natural gas to commercial and residential end users, including metering in central and western Victoria. The Electricity Transmission segment owns and manages an electricity transmission network, including transmission lines and towers, which carry electricity at high voltages from power generators to electricity distributors in Victoria. The Mondo segment provides contracted infrastructure asset services and specialized technology solutions to enable energy data and asset intelligence services, as well as specialist metering, asset intelligence, and telecommunication solutions to the utility and infrastructure sectors. It primarily serves customers operating in utility, renewables, and infrastructure sectors of electricity, water, gas, and rail. The company operates through an electricity transmission network of 6,700 kilometers of lines, 53 terminal stations and switchyards, and approximately 13,000 towers; and electricity distribution network of 736,000 customers, 60 zone substations, 7,500 gigawatt hour of, and 383,000 power poles. It also operates a gas distribution network of 711,000 customers, 11,700 kilometers of gas mains, and 63 petajoules of throughput. The company was formerly known as SP AusNet Ltd. and changed its name to AusNet Services Ltd in August 2014. AusNet Services Ltd was incorporated in 2014 and is headquartered in Southbank, Australia.

Details
Name: AusNet Services Ltd
SAUN.F
Exchange: OTCPK
Founded: 2014
A$4,647,649,364
3,687,909,771
Website: http://www.ausnetservices.com.au
Address: AusNet Services Ltd
2 Southbank Boulevard,
Level 31,
Southbank,
Victoria, 3006,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX AST New Common Stock Australian Securities Exchange AU AUD 14. Dec 2005
OTCPK SAUN.F New Common Stock Pink Sheets LLC US USD 14. Dec 2005
DB S6N New Common Stock Deutsche Boerse AG DE EUR 14. Dec 2005
CHIA AST New Common Stock Chi-X Australia AU AUD 14. Dec 2005
Number of employees
Current staff
Staff numbers
0
AusNet Services employees.
Industry
Electric Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/24 02:32
End of day share price update: 2019/07/18 00:00
Last estimates confirmation: 2019/07/12
Last earnings filing: 2019/05/12
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.