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Phoslock Environmental Technologies

ASX:PET
Snowflake Description

Flawless balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PET
ASX
A$232M
Market Cap
  1. Home
  2. AU
  3. Commercial Services
Company description

Phoslock Environmental Technologies Limited provides water technologies and engineering solutions to manage nutrients and other water pollutants. The last earnings update was 4 days ago. More info.


Add to Portfolio Compare Print
  • Phoslock Environmental Technologies has significant price volatility in the past 3 months.
PET Share Price and Events
7 Day Returns
43.9%
ASX:PET
-1.2%
AU Commercial Services
0.3%
AU Market
1 Year Returns
30.8%
ASX:PET
-24.4%
AU Commercial Services
-22.9%
AU Market
PET Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Phoslock Environmental Technologies (PET) 43.9% -17.4% -41% 30.8% 402.5% 1124.1%
AU Commercial Services -1.2% -23.1% -27.3% -24.4% -9.2% -10.2%
AU Market 0.3% -25.3% -29.9% -22.9% -20.8% -20.3%
1 Year Return vs Industry and Market
  • PET outperformed the Commercial Services industry which returned -24.4% over the past year.
  • PET outperformed the Market in Australia which returned -22.9% over the past year.
Price Volatility
PET
Industry
5yr Volatility vs Market

Value

 Is Phoslock Environmental Technologies 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 Phoslock Environmental Technologies 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 Phoslock Environmental Technologies.

ASX:PET Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 5.4%
Perpetual Growth Rate 10-Year AU Government Bond Rate 1.1%

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:PET
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 1.1%
Equity Risk Premium S&P Global 5.4%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.6
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.604 (1 + (1- 30%) (0.29%))
0.736
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)
= 1.08% + (0.8 * 5.44%)
5.43%

Discounted Cash Flow Calculation for ASX:PET using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Phoslock Environmental Technologies 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.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

ASX:PET DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 5.43%)
2020 9.37 Est @ 41.87% 8.88
2021 12.14 Est @ 29.64% 10.92
2022 14.70 Est @ 21.07% 12.54
2023 16.92 Est @ 15.07% 13.69
2024 18.76 Est @ 10.87% 14.40
2025 20.24 Est @ 7.94% 14.74
2026 21.43 Est @ 5.88% 14.80
2027 22.39 Est @ 4.44% 14.66
2028 23.15 Est @ 3.43% 14.38
2029 23.79 Est @ 2.73% 14.01
Present value of next 10 years cash flows A$133.00
ASX:PET DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= A$23.79 × (1 + 1.08%) ÷ (5.43% – 1.08%)
A$552.44
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$552.44 ÷ (1 + 5.43%)10
A$325.51
ASX:PET Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$133.00 + A$325.51
A$458.51
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$458.51 / 564.99
A$0.81
ASX:PET Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$0.81
Current discount Discount to share price of A$0.48
= -1 x (A$0.48 - A$0.81) / A$0.81
41.5%

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

Current Discount
Amount off the current price Phoslock Environmental Technologies is available for.
Intrinsic value
41%
Share price is A$0.475 vs Future cash flow value of A$0.81153
Current Discount Checks
For Phoslock Environmental Technologies to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Phoslock Environmental Technologies's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Phoslock Environmental Technologies's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Phoslock Environmental Technologies's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Phoslock Environmental Technologies's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:PET PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in AUD A$0.01
ASX:PET Share Price ** ASX (2020-03-30) in AUD A$0.48
Australia Commercial Services Industry PE Ratio Median Figure of 15 Publicly-Listed Commercial Services Companies 16.85x
Australia Market PE Ratio Median Figure of 514 Publicly-Listed Companies 12.59x

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

** Primary Listing of Phoslock Environmental Technologies.

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

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

= 0.48 ÷ 0.01

89.59x

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

  • Phoslock Environmental Technologies is overvalued based on earnings compared to the AU Commercial Services industry average.
  • Phoslock Environmental Technologies is overvalued based on earnings compared to the Australia market.
Price based on expected Growth
Does Phoslock Environmental Technologies's expected growth come at a high price?
Raw Data
ASX:PET PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 89.59x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Australia Commercial Services Industry PEG Ratio Median Figure of 10 Publicly-Listed Commercial Services Companies 1.99x
Australia Market PEG Ratio Median Figure of 337 Publicly-Listed Companies 0.95x

*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 Phoslock Environmental Technologies, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Phoslock Environmental Technologies's assets?
Raw Data
ASX:PET PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in AUD A$0.05
ASX:PET Share Price * ASX (2020-03-30) in AUD A$0.48
Australia Commercial Services Industry PB Ratio Median Figure of 28 Publicly-Listed Commercial Services Companies 1.51x
Australia Market PB Ratio Median Figure of 1,615 Publicly-Listed Companies 1.17x
ASX:PET PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.48 ÷ 0.05

8.97x

* Primary Listing of Phoslock Environmental Technologies.

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

  • Phoslock Environmental Technologies is overvalued based on assets compared to the AU Commercial Services industry average.
X
Value checks
We assess Phoslock Environmental Technologies'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. Phoslock Environmental Technologies has a total score of 2/6, 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 Phoslock Environmental Technologies expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Phoslock Environmental Technologies has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
10.4%
Expected Commercial Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Phoslock Environmental Technologies expected to grow at an attractive rate?
  • Unable to compare Phoslock Environmental Technologies's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Phoslock Environmental Technologies's earnings growth to the Australia market average as no estimate data is available.
  • Unable to compare Phoslock Environmental Technologies's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:PET Future Growth Rates Data Sources
Data Point Source Value (per year)
Australia Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 10.4%
Australia Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 4.2%
Australia Market Earnings Growth Rate Market Cap Weighted Average 9.7%
Australia Market Revenue Growth Rate Market Cap Weighted Average 4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

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

Analysts growth expectations
Raw Data
ASX:PET Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:PET Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-12-31 25 8 3
2018-12-31 18 -15 -1
2018-06-30 16 -5 0
2018-03-31 12 -4 -1
2017-12-31 8 -3 -1
2017-09-30 6 -3 -1
2017-06-30 4 -3 -3
2017-03-31 3 -3 -3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Phoslock Environmental Technologies is high growth as no earnings estimate data is available.
  • Unable to determine if Phoslock Environmental Technologies is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:PET Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Phoslock Environmental Technologies Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:PET Past Financials Data
Date (Data in AUD Millions) EPS *
2019-12-31 0.01
2018-12-31 0.00
2018-06-30 0.00
2018-03-31 0.00
2017-12-31 0.00
2017-09-30 0.00
2017-06-30 -0.01
2017-03-31 -0.01

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Phoslock Environmental Technologies will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Phoslock Environmental Technologies's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Phoslock Environmental Technologies's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Commercial Services companies here
  3. Phoslock Environmental Technologies's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Phoslock Environmental Technologies'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.
Phoslock Environmental Technologies has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

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

Past Performance

  How has Phoslock Environmental Technologies 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 Phoslock Environmental Technologies'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.
  • Phoslock Environmental Technologies has delivered over 20% year on year earnings growth in the past 5 years.
  • Phoslock Environmental Technologies has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Phoslock Environmental Technologies has become profitable in the last year making it difficult to compare the AU Commercial Services industry average.
Earnings and Revenue History
Phoslock Environmental Technologies'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 Phoslock Environmental Technologies Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:PET Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 24.54 2.70 10.27
2018-12-31 17.97 -1.34 10.90
2018-06-30 15.71 0.00 7.43
2018-03-31 11.92 -1.10 6.77
2017-12-31 8.13 -0.64 4.52
2017-09-30 5.98 -1.25 3.90
2017-06-30 3.83 -3.43 4.89
2017-03-31 3.34 -2.71 3.95
2016-12-31 2.85 -1.99 3.02
2016-09-30 2.29 -2.16 2.75
2016-06-30 1.73 -2.32 2.49
2016-03-31 1.33 -2.75 2.25
2015-12-31 0.93 -3.18 2.01
2015-09-30 0.88 -3.05 1.94
2015-06-30 0.84 -2.93 1.87
2015-03-31 0.98 -2.26 1.85
2014-12-31 1.13 -1.59 1.83
2014-09-30 1.11 -1.58 2.00
2014-06-30 1.10 -1.57 2.17
2014-03-31 1.16 -1.72 2.32
2013-12-31 1.21 -1.87 2.47
2013-09-30 1.26 -1.94 2.53
2013-06-30 1.31 -2.00 2.59
2013-03-31 1.00 -2.00 2.57

*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.
  • Phoslock Environmental Technologies has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Phoslock Environmental Technologies used its assets less efficiently than the AU Commercial Services industry average last year based on Return on Assets.
  • Phoslock Environmental Technologies has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Phoslock Environmental Technologies'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.
Phoslock Environmental Technologies 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.

Health

 How is Phoslock Environmental Technologies'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 Phoslock Environmental Technologies's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Phoslock Environmental Technologies is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Phoslock Environmental Technologies's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Phoslock Environmental Technologies'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.
  • Phoslock Environmental Technologies has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Phoslock Environmental Technologies Company Filings, last reported 2 months ago.

ASX:PET Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 29.93 0.00 14.96
2018-12-31 24.00 0.00 4.88
2018-06-30 14.06 0.31 4.32
2018-03-31 14.06 0.31 4.32
2017-12-31 12.28 0.30 7.04
2017-09-30 12.28 0.30 7.04
2017-06-30 1.94 1.79 1.23
2017-03-31 1.94 1.79 1.23
2016-12-31 0.19 1.35 0.35
2016-09-30 0.19 1.35 0.35
2016-06-30 0.65 0.94 1.31
2016-03-31 0.65 0.94 1.31
2015-12-31 -4.23 3.67 0.20
2015-09-30 -4.23 3.67 0.20
2015-06-30 -3.62 3.60 0.11
2015-03-31 -3.62 3.60 0.11
2014-12-31 -3.04 2.82 0.21
2014-09-30 -3.04 2.82 0.21
2014-06-30 -2.22 2.57 0.27
2014-03-31 -2.22 2.57 0.27
2013-12-31 -1.59 1.90 0.15
2013-09-30 -1.59 1.90 0.15
2013-06-30 -0.74 1.58 0.41
2013-03-31 -0.74 1.58 0.41
  • Phoslock Environmental Technologies has no debt.
  • Phoslock Environmental Technologies currently has no debt however we can't compare to 5 years ago as we have no data for that period.
  • Phoslock Environmental Technologies has no debt, it does not need to be covered by operating cash flow.
  • Phoslock Environmental Technologies has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Phoslock Environmental Technologies'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. Phoslock Environmental Technologies 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.

Dividends

 What is Phoslock Environmental Technologies'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 Phoslock Environmental Technologies dividends.
If you bought A$2,000 of Phoslock Environmental Technologies 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 Phoslock Environmental Technologies's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Phoslock Environmental Technologies'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:PET Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Australia Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 12 Stocks 3.7%
Australia Market Average Dividend Yield Market Cap Weighted Average of 373 Stocks 5.8%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.8%
Australia Bottom 25% Dividend Yield 25th Percentile 3.4%
Australia Top 25% Dividend Yield 75th Percentile 8.5%

Industry and Market average data is calculated daily.

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

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

  • Unable to perform a dividend volatility check as Phoslock Environmental Technologies has not reported any payouts.
  • Unable to verify if Phoslock Environmental Technologies's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Phoslock Environmental Technologies's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Phoslock Environmental Technologies has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Phoslock Environmental Technologies's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Phoslock Environmental Technologies afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Phoslock Environmental Technologies 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 Phoslock Environmental Technologies'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
Lachlan McKinnon
TENURE AS CEO 0.3 years
CEO Bio

Mr. Lachlan McKinnon serves as the Chief Executive Officer of Phoslock Environmental Technologies since November 2019. He has many years of experience in both the chemical and agricultural industries. He has had a 25-year career with Nufarm Limited, a global agricultural chemical company. Lachlan’s roles have included Regional General Manager in Australia and Europe/UK to, most recently, Country Manager, Canada and Business Development Manager, North America.

CEO Compensation
  • Insufficient data for Lachlan to compare compensation growth.
  • Insufficient data for Lachlan to establish whether their remuneration is reasonable compared to companies of similar size in Australia.
Management Team

Robert Schuitema

TITLE
CFO, MD & Executive Director
COMPENSATION
A$1M
AGE
57

Andrew Winks

TITLE
General Manager of Global Operations
COMPENSATION
A$271K

Chris Hui

TITLE
Company Secretary & Group Accountant
COMPENSATION
A$171K
TENURE
3.2 yrs

Nigel Traill

TITLE
General Manager of International Sales
COMPENSATION
A$297K

Changqing Jia

TITLE
Executive Officer
COMPENSATION
A$108K

Lachlan McKinnon

TITLE
Chief Executive Officer
TENURE
0.3 yrs

Sarah Marshall

TITLE
General Manager of Technical

Ming Hong Zhong

TITLE
Executive
COMPENSATION
A$142K

Xingyuan Wang

TITLE
Executive
COMPENSATION
A$54K
Board of Directors Tenure

Average tenure of the Phoslock Environmental Technologies board of directors in years:

1.9
Average Tenure
  • The average tenure for the Phoslock Environmental Technologies board of directors is less than 3 years, this suggests a new board.
Board of Directors

Laurence Freedman

TITLE
Non-Executive Chairman of the Board
COMPENSATION
A$55K
AGE
75

Zhigang Zhang

TITLE
Non-Executive Deputy Chairman
COMPENSATION
A$41K
TENURE
1.3 yrs

Robert Schuitema

TITLE
CFO, MD & Executive Director
COMPENSATION
A$1M
AGE
57
TENURE
14.9 yrs

Brenda Shanahan

TITLE
Non-Executive Director
COMPENSATION
A$39K
TENURE
2.5 yrs

Ningping Ma

TITLE
Non-Executive Director
COMPENSATION
A$6K
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
01. Sep 19 Sell Laurence Freedman Individual 26. Aug 19 26. Aug 19 -19,355,118 A$1.34 A$-25,961,502
01. Sep 19 Sell Ningping Ma Individual 30. Aug 19 30. Aug 19 -943,269 A$1.24 A$-1,167,707
01. Sep 19 Sell Zhigang Zhang Individual 30. Aug 19 30. Aug 19 -2,965,486 A$1.24 A$-3,683,129
01. Sep 19 Sell Robert Schuitema Individual 26. Aug 19 26. Aug 19 -3,216,000 A$1.34 A$-4,315,796
10. Jun 19 Sell Zhigang Zhang Individual 07. Jun 19 07. Jun 19 -3,015,000 A$0.76 A$-2,288,122
10. Jun 19 Sell Ningping Ma Individual 07. Jun 19 07. Jun 19 -502,500 A$0.76 A$-381,563
X
Management checks
We assess Phoslock Environmental Technologies'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. Phoslock Environmental Technologies 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

MD, Company Secretary & Executive Director Robert Schuitema Just Sold A Bunch Of Shares In Phoslock Environmental Technologies Limited (ASX:PET)

See our latest analysis for Phoslock Environmental Technologies Phoslock Environmental Technologies Insider Transactions Over The Last Year The Non-Executive Chairman of the Board, Laurence Freedman, made the biggest insider sale in the last 12 months. … ASX:PET Recent Insider Trading, September 3rd 2019 Insider Ownership of Phoslock Environmental Technologies For a common shareholder, it is worth checking how many shares are held by company insiders. … It's great to see that Phoslock Environmental Technologies insiders own 34% of the company, worth about AU$249m.

Simply Wall St -

Can Phoslock Environmental Technologies Limited (ASX:PET) Improve Its Returns?

View our latest analysis for Phoslock Environmental Technologies How Do You Calculate Return On Equity? … The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Phoslock Environmental Technologies: 1.4% = AU$338k ÷ AU$24m (Based on the trailing twelve months to June 2019.) Most know that net profit is the total earnings after all expenses, but the concept of shareholders' equity is a little more complicated. … Phoslock Environmental Technologies's Debt And Its 1.4% ROE The Key Takeaway Return on equity is one way we can compare the business quality of different companies.

Simply Wall St -

What Kind Of Shareholders Own Phoslock Environmental Technologies Limited (ASX:PET)?

Check out our latest analysis for Phoslock Environmental Technologies ASX:PET Ownership Summary, August 12th 2019 What Does The Institutional Ownership Tell Us About Phoslock Environmental Technologies? … Less than 5% of Phoslock Environmental Technologies is held by institutional investors. … Insider Ownership Of Phoslock Environmental Technologies The definition of an insider can differ slightly between different countries, but members of the board of directors always count.

Simply Wall St -

Phoslock Environmental Technologies's (ASX:PET) Incredible 4217% Share Price Run Shows What Is Possible With Stocks

See our latest analysis for Phoslock Environmental Technologies Because Phoslock Environmental Technologies is loss-making, we think the market is probably more focussed on revenue and revenue growth, at least for now. … In the last 5 years Phoslock Environmental Technologies saw its revenue grow at 66% per year. … If you would like to research Phoslock Environmental Technologies in more detail then you might want to take a look at whether insiders have been buying or selling shares in the company.

Simply Wall St -

How Much Are Phoslock Environmental Technologies Limited (ASX:PET) Insiders Taking Off The Table?

So we'll take a look at whether insiders have been buying or selling shares in Phoslock Environmental Technologies Limited (ASX:PET). … For example, a Harvard University study found that 'insider purchases earn abnormal returns of more than 6% per year.' See our latest analysis for Phoslock Environmental Technologies The Last 12 Months Of Insider Transactions At Phoslock Environmental Technologies Over the last year, we can see that the biggest insider sale was by the Non-Executive Deputy Chairman, Zhigang Zhang, for AU$2.3m worth of shares, at about AU$0.76 per share. … Insider Ownership of Phoslock Environmental Technologies For a common shareholder, it is worth checking how many shares are held by company insiders.

Simply Wall St -

Is Phoslock Environmental Technologies Limited's (ASX:PET) CEO Salary Justified?

See our latest analysis for Phoslock Environmental Technologies How Does Robert Schuitema's Compensation Compare With Similar Sized Companies? … It appears that Phoslock Environmental Technologies Limited remunerates its CEO below most similar sized companies. … CEO compensation is one thing, but it is also interesting to check if the CEO is buying or selling Phoslock Environmental Technologies (free visualization of insider trades).

Simply Wall St -

Could Phoslock Environmental Technologies Limited's (ASX:PET) Investor Composition Influence The Stock Price?

If you want to know who really controls Phoslock Environmental Technologies Limited (ASX:PET), then you'll have to look at the makeup of its share registry. … Phoslock Environmental Technologies is a smaller company with a market capitalization of AU$206m, so it may still be flying under the radar of many institutional investors. … View our latest analysis for Phoslock Environmental Technologies

Simply Wall St -

Need To Know: Phoslock Environmental Technologies Limited (ASX:PET) Insiders Have Been Selling Shares

So shareholders might well want to know whether insiders have been buying or selling shares in Phoslock Environmental Technologies Limited (ASX:PET). … So we know that an insider sold shares at around the present share price of AU$0.38. … In total, Phoslock Environmental Technologies insiders sold more than they bought over the last year

Simply Wall St -

Did You Miss Phoslock Environmental Technologies's Whopping 900% Share Price Gain?

Take, for example, the Phoslock Environmental Technologies Limited (ASX:PET) share price, which skyrocketed 900% over three years. … Given that Phoslock Environmental Technologies only made minimal earnings in the last twelve months, we'll focus on revenue to gauge its business development. … It's always tempting to take profits after a share price gain like that, but high-growth companies like Phoslock Environmental Technologies can sometimes sustain strong growth for many years

Simply Wall St -

Should You Be Concerned About Phoslock Environmental Technologies Limited's (ASX:PET) ROE?

By way of learning-by-doing, we'll look at ROE to gain a better understanding of Phoslock Environmental Technologies Limited (ASX:PET). … Phoslock Environmental Technologies has a ROE of 0.8%, based on the last twelve months. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Company Info

Description

Phoslock Environmental Technologies Limited provides water technologies and engineering solutions to manage nutrients and other water pollutants. It offers Phoslock, a lanthanum modified bentonite material that removes excess phosphate from water and reduces the growth of harmful algae; Zeolite, which improves water quality by absorbing nutrients, such as nitrogen; and Bacteria that breaks down organic material and cause human and water borne diseases. The company also designs, engineers, and implements solutions for water related projects to clean up lakes, rivers, canals, wetlands, and drinking water reservoirs. It offers its products through licensees and sales agents in Australia and New Zealand; Europe and the United Kingdom; the United States, Canada, and Brazil; and China. The company was formerly known as Phoslock Water Solutions Limited and changed its name to Phoslock Environmental Technologies Limited in August 2018. Phoslock Water Solutions Limited was founded in 2002 and is headquartered in Sydney, Australia.

Details
Name: Phoslock Environmental Technologies Limited
PET
Exchange: ASX
Founded: 2002
A$231,646,594
564,991,694
Website: http://www.phoslock.com.au
Address: Phoslock Environmental Technologies Limited
25 Lime Street,
Level 4,
Sydney,
New South Wales, 2000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX PET Ordinary Shares Australian Securities Exchange AU AUD 16. Aug 2002
OTCPK PSLK.F Ordinary Shares Pink Sheets LLC US USD 16. Aug 2002
CHIA PET Ordinary Shares Chi-X Australia AU AUD 16. Aug 2002
Number of employees
Current staff
Staff numbers
70
Phoslock Environmental Technologies employees.
Industry
Environmental and Facilities Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/30 10:35
End of day share price update: 2020/03/30 00:00
Last earnings filing: 2020/03/26
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.