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Pearl Global

ASX:PG1
Snowflake Description

Excellent balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PG1
ASX
A$27M
Market Cap
  1. Home
  2. AU
  3. Commercial Services
Company description

Pearl Global Limited operates as a tire processing company that converts tires into secondary products. The last earnings update was 46 days ago. More info.


Add to Portfolio Compare Print
  • Pearl Global has significant price volatility in the past 3 months.
PG1 Share Price and Events
7 Day Returns
28.6%
ASX:PG1
2.2%
AU Commercial Services
0%
AU Market
1 Year Returns
-32.5%
ASX:PG1
15%
AU Commercial Services
15.3%
AU Market
PG1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Pearl Global (PG1) 28.6% 42.1% 12.5% -32.5% - -
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
  • PG1 underperformed the Commercial Services industry which returned 15% over the past year.
  • PG1 underperformed the Market in Australia which returned 15.3% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

Value

 Is Pearl Global 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 Pearl Global. This is due to cash flow or dividend data being unavailable. The share price is A$0.135.
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 Pearl Global's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Pearl Global's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:PG1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in AUD A$-0.03
ASX:PG1 Share Price ** ASX (2019-11-15) in AUD A$0.14
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 Pearl Global.

ASX:PG1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:PG1 Share Price ÷ EPS (both in AUD)

= 0.14 ÷ -0.03

-4.33x

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

  • Pearl Global is loss making, we can't compare its value to the AU Commercial Services industry average.
  • Pearl Global is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does Pearl Global's expected growth come at a high price?
Raw Data
ASX:PG1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -4.33x
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 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 Pearl Global, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Pearl Global's assets?
Raw Data
ASX:PG1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in AUD A$0.05
ASX:PG1 Share Price * ASX (2019-11-15) in AUD A$0.14
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:PG1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:PG1 Share Price ÷ Book Value per Share (both in AUD)

= 0.14 ÷ 0.05

2.81x

* Primary Listing of Pearl Global.

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

  • Pearl Global is overvalued based on assets compared to the AU Commercial Services industry average.
X
Value checks
We assess Pearl Global'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. Pearl Global has a total score of 0/6, 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 Pearl Global 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 Pearl Global 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
11%
Expected Commercial Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Pearl Global expected to grow at an attractive rate?
  • Unable to compare Pearl Global's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Pearl Global's earnings growth to the Australia market average as no estimate data is available.
  • Unable to compare Pearl Global's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:PG1 Future Growth Rates Data Sources
Data Point Source Value (per year)
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:PG1 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 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:PG1 Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-06-30 0 -4 -5
2019-03-31 0 -3 -6
2018-12-31 0 -3 -6
2018-09-30 0 -3 -5
2018-06-30 0 -3 -5
2018-03-31 0 -3 -5
2017-12-31 0 -2 -6
2017-09-30 0 -2 -6
2017-06-30 0 -1 -7
2017-03-31 0 -1 -4
2016-12-31 0 0 -1
2016-09-30 0 -1 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Pearl Global is high growth as no earnings estimate data is available.
  • Unable to determine if Pearl Global 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:PG1 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 0 Analyst Estimates (S&P Global) See Below

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

ASX:PG1 Past Financials Data
Date (Data in AUD Millions) EPS *
2019-06-30 -0.03
2019-03-31 -0.04
2018-12-31 -0.04
2018-09-30 -0.04
2018-06-30 -0.05
2018-03-31 -0.04
2017-12-31 -0.10
2017-09-30 -0.10
2017-06-30 -0.11
2017-03-31
2016-12-31 -0.02
2016-09-30 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 Pearl Global will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

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

ASX:PG1 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 0.17 -4.71 0.62
2019-03-31 0.10 -5.53 1.12
2018-12-31 0.03 -5.68 0.97
2018-09-30 0.01 -4.86 0.92
2018-06-30 0.00 -4.72 1.52
2018-03-31 0.00 -5.34 0.55
2017-12-31 0.00 -5.96 -0.43
2017-09-30 0.00 -6.25 -0.05
2017-06-30 0.01 -6.53 0.32
2017-03-31 0.00 -4.01 1.30
2016-12-31 -0.01 -1.48 2.28
2016-09-30 0.00 0.46 2.02
2016-06-30 2.40 1.77
2015-06-30 0.04 -1.07 0.88
2014-06-30 1.06 0.28 0.23

*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 Pearl Global has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Pearl Global 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 Pearl Global 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 Pearl Global'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.
Pearl Global 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 Pearl Global'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 Pearl Global's finances.

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

ASX:PG1 Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 9.59 0.00 5.41
2019-03-31 9.59 0.00 5.41
2018-12-31 4.76 0.00 0.97
2018-09-30 4.76 0.00 0.97
2018-06-30 7.15 0.00 2.73
2018-03-31 7.15 0.00 2.73
2017-12-31
2017-09-30 -0.93 4.17 1.12
2017-06-30 -0.93 4.17 1.12
2017-03-31 -0.93 4.17 1.12
2016-12-31 4.28 0.03 1.39
2016-09-30 4.28 0.03 1.39
2016-06-30 5.60 0.03 2.07
2015-06-30 3.21 0.03 0.35
2014-06-30 1.03 0.03 1.18
  • Pearl Global has no debt.
  • Pearl Global has no debt compared to 5 years ago when it was 3.4%.
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.

  • Pearl Global has sufficient cash runway for 1.2 years based on current free cash flow.
  • Pearl Global has less than a year of cash runway if free cash flow continues to grow at historical rates of 33.1% each year.
X
Financial health checks
We assess Pearl Global'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. Pearl Global 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 Pearl Global'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 Pearl Global dividends.
If you bought A$2,000 of Pearl Global 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 Pearl Global's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Pearl Global'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:PG1 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 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.

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

  • Unable to perform a dividend volatility check as Pearl Global has not reported any payouts.
  • Unable to verify if Pearl Global's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Pearl Global's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Pearl Global 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 Pearl Global'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 Pearl Global afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Pearl Global 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 Pearl Global'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
Andrew Drennan
COMPENSATION A$568,848
TENURE AS CEO 1.8 years
CEO Bio

Mr. Andrew Michael Drennan serves as Co-Founder, Managing Director and Director of Pearl Global Ltd since January 24, 2018. He served as an Executive Director at Citation Resources Ltd., since June 30, 2017 until January 24, 2018. He was formerly Environmental Officer and Inspector with the Western Australian Department of Industry and Resources before moving into the role as Environmental Team Leader at BHP Billiton Iron Ore for ten years. He holds a Bachelor of Science in Environmental Science from Murdoch University Perth WA.

CEO Compensation
  • Insufficient data for Andrew to compare compensation growth.
  • Andrew's remuneration is higher than average for companies of similar size in Australia.
Management Team

Andrew Drennan

TITLE
MD & Director
COMPENSATION
A$569K
TENURE
1.8 yrs

Bert Huys

TITLE
Chief Technology Officer

Phil MacLeod

TITLE
Company Secretary
AGE
55
TENURE
2.4 yrs
Board of Directors Tenure

Average tenure of the Pearl Global board of directors in years:

1.8
Average Tenure
  • The average tenure for the Pearl Global board of directors is less than 3 years, this suggests a new board.
Board of Directors

Gary Foster

TITLE
Co-Founder & Executive Chairman
COMPENSATION
A$569K
TENURE
1.8 yrs

Andrew Drennan

TITLE
MD & Director
COMPENSATION
A$569K
TENURE
1.8 yrs

Victor Turco

TITLE
Non-Executive Director
COMPENSATION
A$138K
TENURE
3.9 yrs

Mike Barrett

TITLE
Independent Non-Executive Director
AGE
50
TENURE
1.3 yrs

Brad Mytton

TITLE
Non-Executive Director
TENURE
0.4 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Pearl Global individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
11. Oct 19 Sell Erasmus Technologies Pty Ltd Company 19. Aug 19 26. Sep 19 -2,195,812 A$0.11 A$-248,782
10. Oct 19 Buy Michael Barrett Individual 09. Oct 19 09. Oct 19 70,000 A$0.10 A$7,000
04. Dec 18 Buy Gary Foster Individual 29. Nov 18 29. Nov 18 20,000 A$0.18 A$3,626
X
Management checks
We assess Pearl Global'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. Pearl Global 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

Do Institutions Own Pearl Global Limited (ASX:PG1) Shares?

Every investor in Pearl Global Limited (ASX:PG1) should be aware of the most powerful shareholder groups. … So it's nice to see some insider ownership, because it may suggest that management is owner-oriented. … Pearl Global is not a large company by global standards.

Simply Wall St -

Is Pearl Global Limited's (ASX:PG1) Balance Sheet Strong Enough To Weather A Storm?

However, it also faces higher cost of capital given interest cost is generally lower than equity. … Is financial flexibility worth the lower cost of capital. … Debt funding can be cheaper than issuing new equity due to lower interest cost on debt

Simply Wall St -

Who Owns Most Of Pearl Global Limited (ASX:PG1)?

In this analysis, my focus will be on developing a perspective on Pearl Global Limited’s (ASX:PG1) latest ownership structure, a less discussed, but important factor. … When it comes to ownership structure of a company, the impact has been observed in both the long-and short-term performance of shares. … The implications of these institutions’ actions can either benefit or hinder individual investors, so it is important to understand the ownership composition of your stock investment.

Simply Wall St -

Company Info

Description

Pearl Global Limited operates as a tire processing company that converts tires into secondary products. It converts tires into oil, carbon char, and non-condensable gas, as well as liberates the steel from the rubber. The company is headquartered in Willetton, Australia.

Details
Name: Pearl Global Limited
PG1
Exchange: ASX
Founded:
A$27,128,773
200,953,880
Website: http://pearlglobal.com.au
Address: Pearl Global Limited
16 Gympie Way,
Willetton,
Western Australia, 6155,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX PG1 Ordinary Shares Australian Securities Exchange AU AUD 16. Feb 2018
CHIA PG1 Ordinary Shares Chi-X Australia AU AUD 16. Feb 2018
Number of employees
Current staff
Staff numbers
0
Pearl Global employees.
Industry
Environmental and Facilities Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/15 10:43
End of day share price update: 2019/11/15 00:00
Last earnings filing: 2019/09/30
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.