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Clean TeQ Holdings

ASX:CLQ
Snowflake Description

Excellent balance sheet with high growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CLQ
ASX
A$198M
Market Cap
  1. Home
  2. AU
  3. Commercial Services
Company description

Clean TeQ Holdings Limited, together with its subsidiaries, provides metals recovery and industrial water treatment services primarily in Australia. The last earnings update was 86 days ago. More info.


Add to Portfolio Compare Print
  • Clean TeQ Holdings has significant price volatility in the past 3 months.
CLQ Share Price and Events
7 Day Returns
10.4%
ASX:CLQ
2.2%
AU Commercial Services
0%
AU Market
1 Year Returns
-39.1%
ASX:CLQ
15%
AU Commercial Services
15.3%
AU Market
CLQ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Clean TeQ Holdings (CLQ) 10.4% -3.6% -27.4% -39.1% -32.9% 248.7%
AU Commercial Services 2.2% 3.1% -1.5% 15% 15.8% 38.7%
AU Market 0% 0.5% 4.7% 15.3% 21.6% 20.7%
1 Year Return vs Industry and Market
  • CLQ underperformed the Commercial Services industry which returned 15% over the past year.
  • CLQ underperformed the Market in Australia which returned 15.3% over the past year.
Price Volatility
CLQ
Industry
5yr Volatility vs Market

Value

 Is Clean TeQ Holdings 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 Clean TeQ Holdings. This is due to cash flow or dividend data being unavailable. The share price is A$0.265.
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 Clean TeQ Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Clean TeQ Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:CLQ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in AUD A$-0.02
ASX:CLQ Share Price ** ASX (2019-11-15) in AUD A$0.27
Australia Commercial Services Industry PE Ratio Median Figure of 12 Publicly-Listed Commercial Services Companies 18.07x
Australia Market PE Ratio Median Figure of 519 Publicly-Listed Companies 18.45x

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

** Primary Listing of Clean TeQ Holdings.

ASX:CLQ PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 0.27 ÷ -0.02

-11.03x

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

  • Clean TeQ Holdings is loss making, we can't compare its value to the AU Commercial Services industry average.
  • Clean TeQ Holdings is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does Clean TeQ Holdings's expected growth come at a high price?
Raw Data
ASX:CLQ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -11.03x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
23.4%per year
Australia Commercial Services Industry PEG Ratio Median Figure of 9 Publicly-Listed Commercial Services Companies 2.36x
Australia Market PEG Ratio Median Figure of 346 Publicly-Listed Companies 1.59x

*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 Clean TeQ Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Clean TeQ Holdings's assets?
Raw Data
ASX:CLQ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in AUD A$0.32
ASX:CLQ Share Price * ASX (2019-11-15) in AUD A$0.27
Australia Commercial Services Industry PB Ratio Median Figure of 27 Publicly-Listed Commercial Services Companies 2.46x
Australia Market PB Ratio Median Figure of 1,585 Publicly-Listed Companies 1.71x
ASX:CLQ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.27 ÷ 0.32

0.83x

* Primary Listing of Clean TeQ Holdings.

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

  • Clean TeQ Holdings is good value based on assets compared to the AU Commercial Services industry average.
X
Value checks
We assess Clean TeQ Holdings'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 Commercial Services 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 Commercial Services industry average (and greater than 0)? (1 check)
  5. Clean TeQ Holdings 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.

Future Performance

 How is Clean TeQ Holdings expected to perform in the next 1 to 3 years based on estimates from 2 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
23.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Clean TeQ Holdings expected to grow at an attractive rate?
  • Clean TeQ Holdings's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Clean TeQ Holdings's earnings growth is expected to exceed the Australia market average.
  • Clean TeQ Holdings's revenue growth is expected to exceed the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:CLQ Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:CLQ Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 23.4%
ASX:CLQ Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 97.5%
Australia Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 11%
Australia Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 5.5%
Australia Market Earnings Growth Rate Market Cap Weighted Average 9.8%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.6%

*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
ASX:CLQ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:CLQ Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-06-30 75 26 3 2
2021-06-30 2 -40 -36 2
2020-06-30 4 -25 -17 2
2019-11-15
ASX:CLQ Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-06-30 5 -15 -18
2019-03-31 6 -12 -18
2018-12-31 8 -9 -17
2018-09-30 7 -8 -17
2018-06-30 4 -7 -16
2018-03-31 3 -7 -14
2017-12-31 2 -7 -12
2017-09-30 2 -4 -12
2017-06-30 2 -2 -12
2017-03-31 1 -2 -12
2016-12-31 1 -3 -11
2016-09-30 1 -3 -9

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Clean TeQ Holdings's earnings are expected to grow significantly at over 20% yearly.
  • Clean TeQ Holdings's revenue is expected to grow significantly at over 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
ASX:CLQ Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Clean TeQ Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:CLQ Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-06-30 0.03 0.07 -0.01 2.00
2021-06-30 -0.02 -0.01 -0.03 2.00
2020-06-30 -0.03 -0.01 -0.04 2.00
2019-11-15
ASX:CLQ Past Financials Data
Date (Data in AUD Millions) EPS *
2019-06-30 -0.02
2019-03-31 -0.02
2018-12-31 -0.02
2018-09-30 -0.03
2018-06-30 -0.03
2018-03-31 -0.02
2017-12-31 -0.02
2017-09-30 -0.02
2017-06-30 -0.02
2017-03-31 -0.03
2016-12-31 -0.03
2016-09-30 -0.02

*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 Clean TeQ Holdings will efficiently use shareholders’ funds in the future (Return on Equity greater than 20%) as it is not expected to be profitable.
X
Future performance checks
We assess Clean TeQ Holdings'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 Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia 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.
Clean TeQ Holdings has a total score of 5/6, 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.

Past Performance

  How has Clean TeQ Holdings 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 Clean TeQ Holdings's growth in the last year to its industry (Commercial Services).
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.
  • Clean TeQ Holdings does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Clean TeQ Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Clean TeQ Holdings's 1-year growth to the AU Commercial Services industry average as it is not currently profitable.
Earnings and Revenue History
Clean TeQ Holdings'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 Clean TeQ Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:CLQ Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 4.70 -17.92 5.81
2019-03-31 5.54 -17.63 5.57
2018-12-31 8.13 -17.34 5.33
2018-09-30 7.05 -16.67 5.07
2018-06-30 4.21 -16.01 4.80
2018-03-31 3.14 -13.91 4.33
2017-12-31 2.07 -11.81 3.85
2017-09-30 1.84 -12.00 3.04
2017-06-30 1.61 -12.18 2.23
2017-03-31 1.06 -11.71 1.99
2016-12-31 0.51 -11.23 1.76
2016-09-30 0.98 -8.83 1.60
2016-06-30 1.45 -6.42 1.45
2015-12-31 1.74 -9.76 1.11
2015-09-30 1.27 -9.46 1.20
2015-06-30 0.79 -9.16 1.30
2014-12-31 -2.85 -6.48 1.37
2014-09-30 -0.75 -6.33 1.34
2014-06-30 1.35 -6.19 1.32
2013-12-31 11.06 -5.12 1.17
2013-09-30 10.74 -5.16 1.19
2013-06-30 10.42 -5.21 1.21
2012-12-31 11.49 -1.57 1.35

*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 Clean TeQ Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Clean TeQ Holdings has efficiently used its assets last year compared to the AU Commercial Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Clean TeQ Holdings 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 Clean TeQ Holdings'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 Commercial Services 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.
Clean TeQ Holdings 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.

Health

 How is Clean TeQ Holdings'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 Clean TeQ Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Clean TeQ Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Clean TeQ Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Clean TeQ Holdings'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 covered by short term assets, assets are 711.7x 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 Clean TeQ Holdings Company Filings, last reported 4 months ago.

ASX:CLQ Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 237.48 0.14 78.87
2019-03-31 237.48 0.14 78.87
2018-12-31 245.57 0.00 117.42
2018-09-30 245.57 0.00 117.42
2018-06-30 252.16 0.00 152.64
2018-03-31 252.16 0.00 152.64
2017-12-31 106.92 2.95 41.84
2017-09-30 106.92 2.95 41.84
2017-06-30 113.38 2.85 88.86
2017-03-31 113.38 2.85 88.86
2016-12-31 34.58 2.76 15.47
2016-09-30 34.58 2.76 15.47
2016-06-30 22.73 2.68 7.23
2015-12-31 21.06 2.59 6.83
2015-09-30 21.06 2.59 6.83
2015-06-30 14.77 2.49 3.31
2014-12-31 14.11 4.07 3.51
2014-09-30 14.11 4.07 3.51
2014-06-30 11.08 4.07 2.54
2013-12-31 9.28 5.24 1.13
2013-09-30 9.28 5.24 1.13
2013-06-30 11.20 3.54 1.08
2012-12-31 13.84 0.00 0.58
  • Clean TeQ Holdings's level of debt (0.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (36.7% vs 0.1% today).
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.

  • Clean TeQ Holdings has sufficient cash runway for 1.1 years based on current free cash flow.
  • Clean TeQ Holdings has less than a year of cash runway if free cash flow continues to grow at historical rates of 63.6% each year.
X
Financial health checks
We assess Clean TeQ Holdings'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. Clean TeQ Holdings has a total score of 5/6, 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.

Dividends

 What is Clean TeQ Holdings'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 Clean TeQ Holdings dividends. Estimated to be 0% next year.
If you bought A$2,000 of Clean TeQ Holdings shares you are expected to receive A$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 Clean TeQ Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Clean TeQ Holdings'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
ASX:CLQ 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 2 Analyst Estimates (S&P Global) See Below
Australia Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 12 Stocks 2.6%
Australia Market Average Dividend Yield Market Cap Weighted Average of 391 Stocks 4.1%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.5%
Australia Bottom 25% Dividend Yield 25th Percentile 2.4%
Australia Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

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

ASX:CLQ Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2022-06-30 0.00 1.00
2021-06-30 0.00 1.00
2020-06-30 0.00 1.00
2019-11-15

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

  • Unable to perform a dividend volatility check as Clean TeQ Holdings has not reported any payouts.
  • Unable to verify if Clean TeQ Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Clean TeQ Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Clean TeQ Holdings has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Clean TeQ Holdings's dividends in 3 years as they are not expected to pay a notable one for Australia.
X
Income/ dividend checks
We assess Clean TeQ Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - 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 Clean TeQ Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Clean TeQ Holdings 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.

Management

 What is the CEO of Clean TeQ Holdings'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
Sam Riggall
COMPENSATION A$662,240
AGE 47
TENURE AS CEO 5 years
CEO Bio

Mr. Sam Riggall, LLB (Hons), B.Comm., MBA, has been Managing Director and Chief Executive Officer of Clean TeQ Holdings Limited since April 24, 2017. He has been Executive Director of Clean TeQ Holdings Limited since June 4, 2013. Mr. Riggall served as the Executive Co-Chairman of the Board at Clean TeQ Holdings Limited from June 2013 to 2017 and its Chief Executive Officer from July 1, 2015 to 2017. Mr. Riggall served as the Managing Director of Syrah Resources Limited since May 25, 2017 until June 29, 2017. He served as Commercial Advisor at Kaizen Discovery Inc. since May 2, 2016 until April 13, 2017. He served as an Executive Vice President of Business Development and Strategic Planning at Turquoise Hill Resources Ltd. (Ivanhoe Mines Ltd) from October 2010 to April 18, 2012. He served as an Executive General Manager of Commercial at Inova Resources Limited (formerly, Ivanhoe Australia Limited) of Ivanhoe Mines Ltd. since February 12, 2010 and also its Executive Vice President. He served as an Interim Chief Executive Officer of Clean TeQ Holdings Limited from November 18, 2014 to July 1, 2015. He has significant experience working in many parts of the world, where he managed a number of government negotiations over mine development projects. He has a wide range of commercial and industry-specific skills. Mr. Riggall worked in a variety of commodity and functional roles within Rio Tinto Group, including industrial minerals, base metals, exploration, investment evaluation, business development and capital market transactions. He served with Rio Tinto for more than a decade in a variety of roles covering project generation and evaluation, business development and capital market transactions. He was Chief Negotiator for Rio Tinto for the Investment Agreement for the Oyu Tolgoi Project. He led the Rio Tinto team during the successful negotiations with the Mongolian government. He served as Non Executive Chairman of Clean TeQ Holdings Limited since July 06, 2013 until November 2014 and served as its Executive Chairman from June 6, 2013 to July 2013. He has been a Non Executive Director of Syrah Resources Limited since June 29, 2017. He served as a Director of Syrah Resources Limited since October 2, 2014 until June 29, 2017 and served as its Lead Independent Director since October 5, 2016 until February 03, 2017. He serves as a Director of Oyu Tolgoi LLC. He served as a Director of Inova Resources Limited from May 27, 2010 to April 19, 2012. Mr. Riggall holds a Bachelor of Commerce and Bachelor of Laws (Hons) from University of Melbourne and a Masters of Business Administration from Melbourne Business School Rupert Murdoch Fellowship.

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

Average tenure and age of the Clean TeQ Holdings management team in years:

4.9
Average Tenure
47
Average Age
  • The tenure for the Clean TeQ Holdings management team is about average.
Management Team

Sam Riggall

TITLE
MD, CEO & Executive Director
COMPENSATION
A$662K
AGE
47
TENURE
5 yrs

Ben Stockdale

TITLE
CFO & Investor Relations
COMPENSATION
A$470K
TENURE
4.8 yrs

Tim Kindred

TITLE
Project & Start-Up Director
COMPENSATION
A$635K
TENURE
1.8 yrs

Peter Voigt

TITLE
Founder & Chief Technical Officer
AGE
67
TENURE
29.8 yrs

John Carr

TITLE
Executive General Manager of Sales & Marketing

Rae Wyatt

TITLE
General Manager of People & Culture
TENURE
1.8 yrs

Nickolai Zontov

TITLE
Principal Scientist
TENURE
19.8 yrs

Stephen Grocott

TITLE
Chief Technical Development Officer
TENURE
1.8 yrs

Melanie Jaye Leydin

TITLE
Company Secretary
COMPENSATION
A$96K
AGE
46
TENURE
8.3 yrs

Ross Dive

TITLE
MD & Executive Director of UV Guard Australia Pty Ltd
COMPENSATION
A$154K
Board of Directors Tenure

Average tenure and age of the Clean TeQ Holdings board of directors in years:

3
Average Tenure
58
Average Age
  • The tenure for the Clean TeQ Holdings board of directors is about average.
Board of Directors

Robert Martin Friedland

TITLE
Non-Executive Co-Chairman
COMPENSATION
A$128K
AGE
68
TENURE
3.2 yrs

Zhaobai Jiang

TITLE
Non-Executive Co-Chairman
COMPENSATION
A$128K
AGE
56
TENURE
2.6 yrs

Sam Riggall

TITLE
MD, CEO & Executive Director
COMPENSATION
A$662K
AGE
47
TENURE
6.4 yrs

Ross Dive

TITLE
MD & Executive Director of UV Guard Australia Pty Ltd
COMPENSATION
A$154K

Ian Knight

TITLE
Independent Non-Executive Director
COMPENSATION
A$102K
TENURE
6.3 yrs

Mike Spreadborough

TITLE
Independent Non-Executive Director
COMPENSATION
A$153K
TENURE
2.9 yrs

Stef Loader

TITLE
Lead Independent Non-Executive Director
COMPENSATION
A$108K
TENURE
0.8 yrs

Eric Finlayson

TITLE
Non-Executive Director
COMPENSATION
A$90K
AGE
58
TENURE
4.2 yrs

Judith Downes

TITLE
Independent Non-Executive Director
COMPENSATION
A$67K
AGE
65
TENURE
1.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
25. Sep 19 Sell AustralianSuper Pty. Ltd. Company 08. Aug 18 11. Sep 19 -3,947,570 A$0.64 A$-2,533,432
25. Sep 19 Buy AustralianSuper Pty. Ltd. Company 08. Aug 18 20. Sep 19 19,516,456 A$0.65 A$12,685,689
03. Dec 18 Buy Stefanie Loader Individual 03. Dec 18 03. Dec 18 50,000 A$0.42 A$21,249
26. Nov 18 Buy Judith Downes Individual 26. Nov 18 26. Nov 18 357,290 A$0.42 A$149,998
X
Management checks
We assess Clean TeQ Holdings'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. Clean TeQ Holdings 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.

News

Simply Wall St News

Is Clean TeQ Holdings (ASX:CLQ) Using Too Much Debt?

As with many other companies Clean TeQ Holdings Limited (ASX:CLQ) makes use of debt. … View our latest analysis for Clean TeQ Holdings What Is Clean TeQ Holdings's Debt? … ASX:CLQ Historical Debt, August 23rd 2019 A Look At Clean TeQ Holdings's Liabilities We can see from the most recent balance sheet that Clean TeQ Holdings had liabilities of AU$12.1m falling due within a year, and liabilities of AU$885.0k due beyond that.

Simply Wall St -

Could Clean TeQ Holdings Limited's (ASX:CLQ) Investor Composition Influence The Stock Price?

As Charlie Munger said 'Show me the incentive and I will show you the outcome.' Clean TeQ Holdings is a smaller company with a market capitalization of AU$310m, so it may still be flying under the radar of many institutional investors. … Check out our latest analysis for Clean TeQ Holdings ASX:CLQ Ownership Summary, August 1st 2019 What Does The Institutional Ownership Tell Us About Clean TeQ Holdings? … We can see that Clean TeQ Holdings does have institutional investors; and they hold 24% of the stock.

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Who Has Been Buying Clean TeQ Holdings Limited (ASX:CLQ) Shares?

So shareholders might well want to know whether insiders have been buying or selling shares in Clean TeQ Holdings Limited (ASX:CLQ). … Clean TeQ Holdings insiders own about AU$65m worth of shares. … Overall we don't see anything to make us think Clean TeQ Holdings insiders are doubting the company, and they do own shares.

Simply Wall St -

Did Clean TeQ Holdings Limited (ASX:CLQ) Insiders Buy Up More Shares?

So shareholders might well want to know whether insiders have been buying or selling shares in Clean TeQ Holdings Limited (ASX:CLQ). … As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.' Check out our latest analysis for Clean TeQ Holdings Clean TeQ Holdings Insider Transactions Over The Last Year Over the last year, we can see that the biggest insider purchase was by Co-Chairman Robert Martin Friedland for AU$1.3m worth of shares, at about AU$0.92 per share. … Insider Ownership of Clean TeQ Holdings Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own.

Simply Wall St -

Should You Be Pleased About The CEO Pay At Clean TeQ Holdings Limited's (ASX:CLQ)

According to our data, Clean TeQ Holdings Limited has a market capitalization of AU$209m, and pays its CEO total annual compensation worth AU$651k. … Thus we can conclude that Sam Riggall receives more in total compensation than the median of a group of companies in the same market, and of similar size to Clean TeQ Holdings Limited. … We examined the amount Clean TeQ Holdings Limited pays its CEO, and compared it to the amount paid by similar sized companies.

Simply Wall St -

Clean TeQ Holdings's (ASX:CLQ) Wonderful 467% Share Price Increase Shows How Capitalism Can Build Wealth

It hasn't been the best quarter for Clean TeQ Holdings Limited (ASX:CLQ) shareholders, since the share price has fallen 17% in that time. … Clean TeQ Holdings isn't currently profitable, so most analysts would look to revenue growth to get an idea of how fast the underlying business is growing. … In the last 5 years Clean TeQ Holdings saw its revenue grow at 21% per year.

Simply Wall St -

What Kind Of Shareholder Owns Most Clean TeQ Holdings Limited (ASX:CLQ) Stock?

If you want to know who really controls Clean TeQ Holdings Limited (ASX:CLQ), then you'll have to look at the makeup of its share registry. … Clean TeQ Holdings is not a large company by global standards. … Taking a look at our data on the ownership groups (below), it's seems that.

Simply Wall St -

How Should Investors Feel About Clean TeQ Holdings Limited's (ASX:CLQ) CEO Pay?

Sam Riggall became the CEO of Clean TeQ Holdings Limited (ASX:CLQ) in 2014. … This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Sam Riggall's Compensation Compare With Similar Sized Companies?

Simply Wall St -

What You Must Know About Clean TeQ Holdings Limited's (ASX:CLQ) Financial Strength

The direct benefit for Clean TeQ Holdings Limited (ASX:CLQ), which sports a zero-debt capital structure, to include debt in its capital structure is the reduced cost of capital. … Is financial flexibility worth the lower cost of capital … Debt capital generally has lower cost of capital compared to equity funding.

Simply Wall St -

How Much Did Clean TeQ Holdings Limited's (ASX:CLQ) CEO Pocket Last Year?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Sam Riggall's Compensation Compare With Similar Sized Companies. … Our data indicates that Clean TeQ Holdings Limited is worth AU$306m, and total annual CEO compensation is AU$651k.

Simply Wall St -

Company Info

Description

Clean TeQ Holdings Limited, together with its subsidiaries, provides metals recovery and industrial water treatment services primarily in Australia. It operates in two segments, Water and Metals. The Water segment offers Continuous Ionic Filtration and Macroporous Polymer Adsorption resin technologies to filter, separate, purify, and recycle polluted water for drinking, agricultural, recreational, and industrial uses. The Metals segment provides Clean-iX resin technology for the extraction and purification of a range of resources, including base and precious metals, as well as radioactive elements, such as uranium. This segment is also involved in the development of the Sunrise project in New South Wales. The company was founded in 1990 and is based in Notting Hill, Australia.

Details
Name: Clean TeQ Holdings Limited
CLQ
Exchange: ASX
Founded: 1990
A$197,811,954
746,460,205
Website: http://www.cleanteq.com
Address: Clean TeQ Holdings Limited
21 Howleys Road,
Unit 12,
Notting Hill,
Victoria, 3168,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX CLQ Ordinary Shares Australian Securities Exchange AU AUD 09. Nov 2007
OTCPK CTEQ.F Ordinary Shares Pink Sheets LLC US USD 09. Nov 2007
DB 4CQ Ordinary Shares Deutsche Boerse AG DE EUR 09. Nov 2007
TSX CLQ Ordinary Shares The Toronto Stock Exchange CA CAD 09. Nov 2007
CHIA CLQ Ordinary Shares Chi-X Australia AU AUD 09. Nov 2007
Number of employees
Current staff
Staff numbers
0
Clean TeQ Holdings employees.
Industry
Environmental and Facilities Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/15 10:34
End of day share price update: 2019/11/15 00:00
Last estimates confirmation: 2019/11/12
Last earnings filing: 2019/08/21
Last earnings reported: 2019/06/30
Last annual earnings reported: 2019/06/30


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.