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Countplus

ASX:CUP
Snowflake Description

Flawless balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CUP
ASX
A$115M
Market Cap
  1. Home
  2. AU
  3. Commercial Services
Company description

Countplus Limited, together with its subsidiaries, provides accounting, business advisory, and financial planning services in Australia. The last earnings update was 74 days ago. More info.


Add to Portfolio Compare Print
  • Countplus has significant price volatility in the past 3 months.
CUP Share Price and Events
7 Day Returns
1%
ASX:CUP
0.4%
AU Professional Services
-0.1%
AU Market
1 Year Returns
103.9%
ASX:CUP
20.6%
AU Professional Services
16.5%
AU Market
CUP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Countplus (CUP) 1% 0% 31.6% 103.9% 28.4% -11.9%
AU Professional Services 0.4% 3% 7.6% 20.6% 37.9% 39.2%
AU Market -0.1% 1.5% 3.5% 16.5% 21.9% 20.6%
1 Year Return vs Industry and Market
  • CUP outperformed the Professional Services industry which returned 20.6% over the past year.
  • CUP outperformed the Market in Australia which returned 16.5% over the past year.
Price Volatility
CUP
Industry
5yr Volatility vs Market
Related Companies

CUP Value

 Is Countplus 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 Countplus 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 Countplus.

ASX:CUP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-06-30) in AUD A$ 0.045276666666667
Payout Ratio Company Filings (2019-06-30) 3415.3%
Discount Rate (Cost of Equity) See below 7.8%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.3%

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 ASX:CUP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Professional Services Unlevered Beta Simply Wall St/ S&P Global 0.83
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.828 (1 + (1- 30%) (1.53%))
0.919
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.92
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (0.919 * 5.96%)
7.79%

Discounted Cash Flow Calculation for ASX:CUP using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Countplus is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

ASX:CUP Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= A$0.05 / (7.79% - 2.31%)
A$0.83
ASX:CUP Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$0.83
Current discount Discount to share price of A$1.04
= -1 x (A$1.04 - A$0.83) / A$0.83
-25.8%

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

  • The current share price of Countplus 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 Countplus's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Countplus's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:CUP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in AUD A$0.01
ASX:CUP Share Price ** ASX (2019-11-18) in AUD A$1.04
Australia Professional Services Industry PE Ratio Median Figure of 10 Publicly-Listed Professional Services Companies 21.51x
Australia Market PE Ratio Median Figure of 519 Publicly-Listed Companies 18.7x

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

** Primary Listing of Countplus.

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

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

= 1.04 ÷ 0.01

70.23x

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

  • Countplus is overvalued based on earnings compared to the AU Professional Services industry average.
  • Countplus is overvalued based on earnings compared to the Australia market.
Price based on expected Growth
Does Countplus's expected growth come at a high price?
Raw Data
ASX:CUP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 70.23x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
36.1%per year
Australia Professional Services Industry PEG Ratio Median Figure of 7 Publicly-Listed Professional Services Companies 1.94x
Australia Market PEG Ratio Median Figure of 347 Publicly-Listed Companies 1.6x

*Line of best fit is calculated by linear regression .

ASX:CUP PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 70.23x ÷ 36.1%

1.94x

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

  • Countplus is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Countplus's assets?
Raw Data
ASX:CUP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in AUD A$0.50
ASX:CUP Share Price * ASX (2019-11-18) in AUD A$1.04
Australia Professional Services Industry PB Ratio Median Figure of 21 Publicly-Listed Professional Services Companies 2.08x
Australia Market PB Ratio Median Figure of 1,584 Publicly-Listed Companies 1.75x
ASX:CUP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 1.04 ÷ 0.50

2.08x

* Primary Listing of Countplus.

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

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

CUP Future Performance

 How is Countplus expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
36.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Countplus expected to grow at an attractive rate?
  • Countplus's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Countplus's earnings growth is expected to exceed the Australia market average.
  • Countplus's revenues are expected to decrease over the next 1-3 years, this is below the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:CUP Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:CUP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 36.1%
ASX:CUP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts -1.4%
Australia Professional Services Industry Earnings Growth Rate Market Cap Weighted Average 15.5%
Australia Professional Services Industry Revenue Growth Rate Market Cap Weighted Average 9.8%
Australia Market Earnings Growth Rate Market Cap Weighted Average 9.7%
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:CUP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:CUP Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-06-30 67 9 1
2021-06-30 73 8 1
2020-06-30 78 7 1
2019-11-19
ASX:CUP Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-06-30 69 6 2
2019-03-31 71 5 4
2018-12-31 100 5 6
2018-09-30 101 5 3
2018-06-30 74 5 1
2018-03-31 91 7 -1
2017-12-31 107 9 -4
2017-09-30 109 8 -3
2017-06-30 111 8 -1
2017-03-31 113 8 3
2016-12-31 114 7 8
2016-09-30 117 9 11

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Countplus's earnings are expected to grow significantly at over 20% yearly.
  • Countplus's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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:CUP 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 1 Analyst Estimates (S&P Global) See Below

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

ASX:CUP Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-06-30 0.09 0.09 0.09 1.00
2021-06-30 0.08 0.08 0.08 1.00
2020-06-30 0.07 0.07 0.07 1.00
2019-11-19
ASX:CUP Past Financials Data
Date (Data in AUD Millions) EPS *
2019-06-30 0.01
2019-03-31 0.03
2018-12-31 0.05
2018-09-30 0.03
2018-06-30 0.01
2018-03-31 -0.01
2017-12-31 -0.04
2017-09-30 -0.02
2017-06-30 -0.01
2017-03-31 0.03
2016-12-31 0.07
2016-09-30 0.10

*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.
  • Countplus is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Countplus'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.
Countplus has a total score of 3/6, 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.

CUP Past Performance

  How has Countplus 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 Countplus's growth in the last year to its industry (Professional 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.
  • Countplus's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Countplus's 1-year earnings growth exceeds its 5-year average (26.8% vs -37.1%)
  • Countplus's earnings growth has exceeded the AU Professional Services industry average in the past year (26.8% vs 26.7%).
Earnings and Revenue History
Countplus'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 Countplus Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:CUP 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 68.65 1.64 4.21
2019-03-31 70.96 3.59 4.41
2018-12-31 99.96 5.54 4.28
2018-09-30 100.51 3.41 4.42
2018-06-30 74.39 1.29 4.89
2018-03-31 90.61 -1.42 -9.25
2017-12-31 106.84 -4.13 -23.38
2017-09-30 108.81 -2.66 -9.14
2017-06-30 110.79 -1.18 5.10
2017-03-31 112.52 3.42 34.23
2016-12-31 114.26 8.01 63.37
2016-09-30 117.10 10.70 64.29
2016-06-30 119.94 13.39 65.22
2016-03-31 120.34 11.63 64.52
2015-12-31 120.74 9.87 63.83
2015-09-30 121.38 9.90 62.85
2015-06-30 122.01 9.93 61.88
2015-03-31 121.65 10.19 61.51
2014-12-31 121.29 10.45 61.13
2014-09-30 121.90 10.79 62.66
2014-06-30 122.52 11.13 64.18
2014-03-31 122.02 11.41 64.96
2013-12-31 121.51 11.69 65.74
2013-09-30 118.33 11.31 64.96
2013-06-30 115.14 10.92 64.18
2013-03-31 113.44 10.58 75.74
2012-12-31 111.73 10.25 87.30

*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.
  • Countplus has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Countplus used its assets less efficiently than the AU Professional Services industry average last year based on Return on Assets.
  • Countplus's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Countplus'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 Professional 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.
Countplus has a total score of 2/6, 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.

CUP Health

 How is Countplus'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 Countplus's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Countplus is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Countplus's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Countplus'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.
  • Debt is covered by short term assets, assets are 14.7x 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 Countplus Company Filings, last reported 4 months ago.

ASX:CUP Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 61.34 1.74 10.26
2019-03-31 61.34 1.74 10.26
2018-12-31 62.62 1.19 11.42
2018-09-30 62.62 1.19 11.42
2018-06-30 60.79 2.00 11.00
2018-03-31 60.79 2.00 11.00
2017-12-31 54.33 0.00 4.59
2017-09-30 54.33 0.00 4.59
2017-06-30 57.75 13.54 8.28
2017-03-31 57.75 13.54 8.28
2016-12-31 60.20 25.47 5.71
2016-09-30 60.20 25.47 5.71
2016-06-30 62.76 25.57 6.34
2016-03-31 62.76 25.57 6.34
2015-12-31 59.93 23.40 5.94
2015-09-30 59.93 23.40 5.94
2015-06-30 53.25 26.37 6.09
2015-03-31 53.25 26.37 6.09
2014-12-31 53.71 24.25 9.07
2014-09-30 53.71 24.25 9.07
2014-06-30 51.16 20.86 8.17
2014-03-31 51.16 20.86 8.17
2013-12-31 52.54 23.85 6.68
2013-09-30 52.54 23.85 6.68
2013-06-30 51.99 17.60 8.66
2013-03-31 51.99 17.60 8.66
2012-12-31 53.20 15.41 7.24
  • Countplus's level of debt (2.8%) 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 (40.7% vs 2.8% today).
  • Debt is well covered by operating cash flow (341.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 13.8x coverage).
X
Financial health checks
We assess Countplus'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. Countplus has a total score of 6/6, 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.

CUP Dividends

 What is Countplus'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
1.92%
Current annual income from Countplus dividends. Estimated to be 4.35% next year.
If you bought A$2,000 of Countplus shares you are expected to receive A$38 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?
  • Countplus's pays a lower dividend yield than the bottom 25% of dividend payers in Australia (2.37%).
  • Countplus's dividend is below the markets top 25% of dividend payers in Australia (5.62%).
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:CUP 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 1 Analyst Estimates (S&P Global) See Below
Australia Professional Services Industry Average Dividend Yield Market Cap Weighted Average of 11 Stocks 2.6%
Australia Market Average Dividend Yield Market Cap Weighted Average of 390 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:CUP Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2022-06-30 0.05 1.00
2021-06-30 0.04 1.00
2020-06-30 0.04 1.00
2019-11-19
ASX:CUP Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2019-08-26 0.020 2.023
2019-02-20 0.020 3.254
2018-08-27 0.010 1.716
2018-02-27 0.000 0.000
2017-09-28 0.000 0.000
2017-08-28 0.000 0.000
2017-02-21 0.040 6.661
2016-11-09 0.080 9.898
2016-06-29 0.080 9.589
2016-02-23 0.080 11.773
2015-11-24 0.080 9.696
2015-08-25 0.080 8.115
2015-06-22 0.080 7.460
2015-02-24 0.080 7.185
2014-11-25 0.080 7.015
2014-08-20 0.080 6.390
2014-02-26 0.120 6.840
2013-11-12 0.120 6.502
2013-08-21 0.120 6.828
2013-04-17 0.120 6.581
2013-02-21 0.120 6.867
2012-06-20 0.120 8.221
2012-02-29 0.120 9.162
2011-11-30 0.120 9.170
2011-09-29 0.120 8.702
2011-08-26 0.120 8.749
2011-02-28 0.080 5.991

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

  • Countplus has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Countplus has only been paying a dividend for 9 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Countplus'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 expected to be covered by earnings (1.6x coverage).
X
Income/ dividend checks
We assess Countplus'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 Countplus afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Countplus has a total score of 1/6, see the detailed checks below.


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

CUP Management

 What is the CEO of Countplus'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
Matthew Rowe
COMPENSATION A$724,902
TENURE AS CEO 2.8 years
CEO Bio

Mr. Matthew Rowe has been the Chief Executive Officer and Managing Director of Countplus Limited since February 24, 2017. Mr. Rowe served as the Managing Director at Hood Sweeney Pty Ltd. and Hood Sweeney Securities Pty. Ltd. He was responsible for implementing the strategic plan of Hood Sweeney and also was responsible for the day to day operations and performance of the business. He served as Chief Executive Officer of Hood Sweeney. He has over fifteen years experience advising high net worth clients. Mr. Rowe has been a Non-Executive Director of Countplus Limited since October 1, 2016. He serves as a Trustee and Director of Future2, the foundation of the financial planning profession and is a Member of the Institute of Company Directors. He has a strong record of giving back to the community and recently served for four years as the Chair of the Financial Planning Association in a period of rapid change and led the transition of the FPA from an industry body to a professional association. He has Australian Financial Services License No.220897. Mr. Rowe is a Certified Financial Planner™(CFP®); Certified Practicing Accountant (Financial Planning); Certified Practicing Accountant - Public Practice Certificate, Bachelor of Economics, Graduate Diploma in Accounting, Diploma in Financial Planning and Company Directors Diploma.

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

Matthew Rowe

TITLE
CEO, MD & Director
COMPENSATION
A$725K
TENURE
2.8 yrs

Laurent Toussaint

TITLE
CFO & Alternate Company Secretary
COMPENSATION
A$339K
TENURE
1.8 yrs

Graham McGeagh

TITLE
Chief Operating Officer

Narelle Wooden

TITLE
General Counsel & Company Secretary
Board of Directors Tenure

Average tenure of the Countplus board of directors in years:

2.6
Average Tenure
  • The average tenure for the Countplus board of directors is less than 3 years, this suggests a new board.
Board of Directors

Ray Kellerman

TITLE
Non-Executive Chairman
COMPENSATION
A$100K
AGE
54
TENURE
2.6 yrs

Matthew Rowe

TITLE
CEO, MD & Director
COMPENSATION
A$725K
TENURE
3.1 yrs

Alison Ledger

TITLE
Independent Non-Executive Director
COMPENSATION
A$71K
TENURE
3.1 yrs

Kate Hill

TITLE
Independent Non-Executive Director
COMPENSATION
A$71K
AGE
59
TENURE
2.4 yrs

Andrew McGill

TITLE
Independent Non-Executive Director
COMPENSATION
A$41K
TENURE
1.9 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Countplus individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
09. Sep 19 Buy Raymond Kellerman Individual 06. Sep 19 06. Sep 19 30,000 A$0.94 A$28,111
06. Sep 19 Buy Raymond Kellerman Individual 05. Sep 19 05. Sep 19 25,000 A$0.92 A$23,000
04. Sep 19 Buy Catherine Hill Individual 30. Aug 19 02. Sep 19 100,000 A$0.94 A$93,869
30. Aug 19 Buy Matthew Rowe Individual 29. Aug 19 29. Aug 19 51,402 A$0.88 A$45,234
29. Aug 19 Buy Raymond Kellerman Individual 27. Aug 19 27. Aug 19 85,718 A$0.88 A$74,344
29. Aug 19 Buy Raymond Kellerman Individual 28. Aug 19 28. Aug 19 9,282 A$0.87 A$8,075
29. Aug 19 Buy Matthew Rowe Individual 27. Aug 19 27. Aug 19 4,476 A$0.87 A$3,894
27. Aug 19 Buy Matthew Rowe Individual 27. Aug 19 27. Aug 19 260,000 A$0.88 A$228,827
27. Nov 18 Buy Matthew Rowe Individual 23. Nov 18 23. Nov 18 52,250 A$0.58 A$30,046
23. Nov 18 Buy Matthew Rowe Individual 20. Nov 18 22. Nov 18 124,095 A$0.59 A$70,016
X
Management checks
We assess Countplus'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. Countplus 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.

CUP News

Simply Wall St News

Introducing Countplus (ASX:CUP), The Stock That Dropped 42% In The Last Five Years

It is doubtless a positive to see that the Countplus Limited (ASX:CUP) share price has gained some 58% in the last three months. … It is important to consider the total shareholder return, as well as the share price return, for any given stock. … A Different Perspective We're pleased to report that Countplus shareholders have received a total shareholder return of 21% over one year.

Simply Wall St -

How Should Investors React To Countplus Limited's (ASX:CUP) CEO Pay?

Check out our latest analysis for Countplus How Does Matthew Rowe's Compensation Compare With Similar Sized Companies? … According to our data, Countplus Limited has a market capitalization of AU$96m, and pays its CEO total annual compensation worth AU$725k. … We compared the total CEO remuneration paid by Countplus Limited, and compared it to remuneration at a group of similar sized companies.

Simply Wall St -

Why Countplus Limited’s (ASX:CUP) Use Of Investor Capital Doesn’t Look Great

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Countplus: 0.064 = AU$4.2m ÷ (AU$76m - AU$11m) (Based on the trailing twelve months to December 2018.) Therefore, Countplus has an ROCE of 6.4%. … The ROCE equation subtracts current liabilities from capital employed, so a company with a lot of current liabilities appears to have less capital employed, and a higher ROCE than otherwise.

Simply Wall St -

We Think Countplus (ASX:CUP) Can Manage Its Debt With Ease

We note that Countplus Limited (ASX:CUP) does have debt on its balance sheet. … Countplus may have net cash on the balance sheet, but it is still interesting to look at how well the business converts its earnings before interest and tax (EBIT) to free cash flow, because that will influence both its need for, and its capacity to manage debt. … Summing up While it is always sensible to investigate a company's debt, in this case Countplus has AU$10m in net cash and a decent-looking balance sheet.

Simply Wall St -

What Kind Of Shareholders Own Countplus Limited (ASX:CUP)?

As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.' With a market capitalization of AU$83m, Countplus is a small cap stock, so it might not be well known by many institutional investors. … Taking a look at our data on the ownership groups (below), it's seems that institutions own shares in the company. … Check out our latest analysis for Countplus ASX:CUP Ownership Summary, June 25th 2019 What Does The Institutional Ownership Tell Us About Countplus?

Simply Wall St -

An Examination Of Countplus Limited (ASX:CUP)

Flawless balance sheet and good value CUP's ability to maintain an adequate level of cash to meet upcoming liabilities is a good sign for its financial health. … CUP appears to have made good use of debt, producing operating cash levels of 3.86x total debt in the prior year. … CUP's shares are now trading at a price below its true value based on its PE ratio of 8.62x, compared to the industry and wider stock market ratio, so potential investors can purchase the stock below its value.

Simply Wall St -

Want To Invest In Countplus Limited (ASX:CUP) Today? Read This First

Countplus Limited (ASX:CUP) is considered a high growth stock. … However its last closing price of A$0.5 left investors wondering whether this growth has already been factored into the share price. … Analysts are predicting good growth prospects for Countplus over the next couple of years

Simply Wall St -

Introducing Countplus (ASX:CUP), The Stock That Tanked 71%

For example the Countplus Limited (ASX:CUP) share price dropped 71% over five years. … Unfortunately the share price momentum is still quite negative, with prices down 11% in thirty days. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS).

Simply Wall St -

Should Countplus Limited’s (ASX:CUP) Weak Investment Returns Worry You?

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Return On Capital Employed (ROCE): What is it? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

Countplus Limited (ASX:CUP): Ex-Dividend Is In 4 Days

Important news for shareholders and potential investors in Countplus Limited (ASX:CUP): The dividend payment of AU$0.01 per share will be distributed to shareholders on 17 April 2019, and the stock will begin trading ex-dividend at an earlier date, 21 March 2019. … What does this mean for current shareholders and potential investors? … When researching a dividend stock, I always follow the following screening criteria:?

Simply Wall St -

CUP Company Info

Description

Countplus Limited, together with its subsidiaries, provides accounting, business advisory, and financial planning services in Australia. The company operates through Accounting, Financial Services, and Other segments. It offers tax, assurance, audit, and corporate advisory services; financial advice related to personal insurance, investment, and superannuation; loans commission, and leasing commission services; and information technology, legal, conference, and insurance services. The company was founded in 2006 and is based in Sydney, Australia.

Details
Name: Countplus Limited
CUP
Exchange: ASX
Founded: 2006
A$114,825,102
110,408,752
Website: http://www.countplus.com.au
Address: Countplus Limited
1 Margaret Street,
Level 17,
Sydney,
New South Wales, 2000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX CUP Ordinary Shares Australian Securities Exchange AU AUD 22. Dec 2010
CHIA CUP Ordinary Shares Chi-X Australia AU AUD 22. Dec 2010
Number of employees
Current staff
Staff numbers
0
Countplus employees.
Industry
Research and Consulting Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/19 10:36
End of day share price update: 2019/11/18 00:00
Last estimates confirmation: 2019/10/01
Last earnings filing: 2019/09/06
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.