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SG Fleet Group

ASX:SGF
Snowflake Description

Proven track record average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SGF
ASX
A$721M
Market Cap
  1. Home
  2. AU
  3. Commercial Services
Company description

SG Fleet Group Limited provides motor vehicle fleet management, vehicle leasing, short term hire, consumer vehicle finance, and salary packaging services in Australia, New Zealand, and the United Kingdom. The last earnings update was 86 days ago. More info.


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SGF Share Price and Events
7 Day Returns
10%
ASX:SGF
2.2%
AU Commercial Services
0%
AU Market
1 Year Returns
-10.1%
ASX:SGF
15%
AU Commercial Services
15.3%
AU Market
SGF Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
SG Fleet Group (SGF) 10% 19.6% -8.6% -10.1% -21% 40.3%
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
  • SGF underperformed the Commercial Services industry which returned 15% over the past year.
  • SGF underperformed the Market in Australia which returned 15.3% over the past year.
Price Volatility
SGF
Industry
5yr Volatility vs Market

SGF Value

 Is SG Fleet Group 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 SG Fleet Group 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 SG Fleet Group.

ASX:SGF 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$ 0.16578
Payout Ratio Company Filings (2019-06-30) 6014.9%
Discount Rate (Cost of Equity) See below 7.1%
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:SGF
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.66
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.659 (1 + (1- 30%) (26.16%))
0.79
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (0.8 * 5.96%)
7.08%

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

The calculations below outline how an intrinsic value for SG Fleet Group 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:SGF Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= A$0.17 / (7.08% - 2.31%)
A$3.48
ASX:SGF Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$3.48
Current discount Discount to share price of A$2.75
= -1 x (A$2.75 - A$3.48) / A$3.48
20.9%

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

Current Discount
Amount off the current price SG Fleet Group is available for.
Intrinsic value
21%
Share price is A$2.75 vs Future cash flow value of A$3.48
Current Discount Checks
For SG Fleet Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • SG Fleet Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • SG Fleet Group's share price is below the future cash flow value, but not 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 SG Fleet Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are SG Fleet Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:SGF PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in AUD A$0.23
ASX:SGF Share Price ** ASX (2019-11-15) in AUD A$2.75
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 SG Fleet Group.

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

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

= 2.75 ÷ 0.23

11.85x

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

  • SG Fleet Group is good value based on earnings compared to the AU Commercial Services industry average.
  • SG Fleet Group is good value based on earnings compared to the Australia market.
Price based on expected Growth
Does SG Fleet Group's expected growth come at a high price?
Raw Data
ASX:SGF PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.85x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
-8.4%per year
Australia Commercial Services Industry PEG Ratio Median Figure of 9 Publicly-Listed Commercial Services Companies 2.36x
Australia Market PEG Ratio Median Figure of 346 Publicly-Listed Companies 1.59x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for SG Fleet Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on SG Fleet Group's assets?
Raw Data
ASX:SGF PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in AUD A$1.07
ASX:SGF Share Price * ASX (2019-11-15) in AUD A$2.75
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:SGF PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 2.75 ÷ 1.07

2.58x

* Primary Listing of SG Fleet Group.

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

  • SG Fleet Group is overvalued based on assets compared to the AU Commercial Services industry average.
X
Value checks
We assess SG Fleet Group'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. SG Fleet Group has a total score of 3/6, 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.

SGF Future Performance

 How is SG Fleet Group expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

  • No analysts cover SG Fleet Group, future earnings growth has been estimated based on fundamentals.
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
-8.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is SG Fleet Group expected to grow at an attractive rate?
  • SG Fleet Group's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.3%.
Growth vs Market Checks
  • SG Fleet Group's earnings are expected to decrease over the next 1-3 years, this is below the Australia market average.
  • SG Fleet Group'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:SGF Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:SGF Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts -8.4%
ASX:SGF Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts -4.8%
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:SGF Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:SGF Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-06-30 449 2
2021-06-30 429 2
2020-06-30 493 1
2019-11-15
ASX:SGF Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-06-30 510 67 60
2019-03-31 510 84 63
2018-12-31 312 100 66
2018-09-30 314 108 67
2018-06-30 515 115 67
2018-03-31 414 102 66
2017-12-31 413 89 64
2017-09-30 353 88 62
2017-06-30 293 87 60
2017-03-31 273 80 57
2016-12-31 252 74 54
2016-09-30 232 65 50

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • SG Fleet Group's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • SG Fleet Group'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:SGF Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

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

ASX:SGF Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-06-30
2021-06-30
2020-06-30
2019-11-15
ASX:SGF Past Financials Data
Date (Data in AUD Millions) EPS *
2019-06-30 0.23
2019-03-31 0.24
2018-12-31 0.25
2018-09-30 0.26
2018-06-30 0.26
2018-03-31 0.26
2017-12-31 0.25
2017-09-30 0.24
2017-06-30 0.24
2017-03-31 0.22
2016-12-31 0.21
2016-09-30 0.20

*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.
  • SG Fleet Group is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess SG Fleet Group'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.
SG Fleet Group has a total score of 1/6, see the detailed checks below.

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

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

SGF Past Performance

  How has SG Fleet Group 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 SG Fleet Group'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.
  • SG Fleet Group's year on year earnings growth rate has been positive over the past 5 years.
  • SG Fleet Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • SG Fleet Group's 1-year earnings growth is negative, it can't be compared to the AU Commercial Services industry average.
Earnings and Revenue History
SG Fleet Group'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 SG Fleet Group Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:SGF Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 509.72 60.46 75.11 7.87
2019-03-31 510.06 62.91 74.62 7.81
2018-12-31 311.66 65.57 74.14 6.27
2018-09-30 314.06 66.62 74.93 5.95
2018-06-30 515.21 67.46 75.72 7.10
2018-03-31 414.44 66.03 76.70 5.23
2017-12-31 413.11 64.48 77.68 4.83
2017-09-30 353.17 62.04 75.63 4.73
2017-06-30 293.23 59.59 73.59 4.63
2017-03-31 272.73 56.75 69.50 4.23
2016-12-31 252.23 53.90 65.41 3.83
2016-09-30 232.10 50.44 59.62 3.46
2016-06-30 211.97 46.98 53.84 3.09
2016-03-31 195.62 43.71 49.17 3.13
2015-12-31 179.27 40.44 44.50 3.16
2015-09-30 175.33 40.46 44.05 3.20
2015-06-30 171.38 40.48 43.60 3.24
2014-12-31 202.28 51.37 57.17 2.63
2014-09-30 197.26 49.12 56.69 2.66
2014-06-30 192.25 46.86 56.21 2.70
2013-12-31 154.70 30.90 41.30 3.20
2013-09-30 155.85 32.20 40.65 3.05
2013-06-30 157.00 33.50 40.00 2.90

*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.
  • SG Fleet Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • SG Fleet Group used its assets more efficiently than the AU Commercial Services industry average last year based on Return on Assets.
  • SG Fleet Group has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess SG Fleet Group'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.
SG Fleet Group has a total score of 4/6, 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.

SGF Health

 How is SG Fleet Group'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 SG Fleet Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • SG Fleet Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • SG Fleet Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of SG Fleet Group'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 1.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

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

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

All data from SG Fleet Group Company Filings, last reported 4 months ago.

ASX:SGF Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 279.17 174.66 100.49
2019-03-31 279.17 174.66 100.49
2018-12-31 271.25 177.97 98.02
2018-09-30 271.25 177.97 98.02
2018-06-30 250.47 191.04 103.28
2018-03-31 251.27 191.04 103.28
2017-12-31 235.59 198.40 76.93
2017-09-30 235.59 198.40 76.93
2017-06-30 226.79 215.91 83.92
2017-03-31 226.79 215.91 83.92
2016-12-31 212.57 237.55 87.01
2016-09-30 212.57 237.55 87.01
2016-06-30 201.22 150.49 81.69
2016-03-31 201.22 150.49 81.69
2015-12-31 189.40 155.50 78.08
2015-09-30 189.40 155.50 78.08
2015-06-30 149.38 43.88 89.14
2014-12-31 139.75 40.40 68.56
2014-09-30 139.75 40.40 68.56
2014-06-30 129.02 43.52 57.91
2013-12-31 109.40 40.20 35.00
2013-09-30 109.40 40.20 35.00
2013-06-30 125.55 83.94 103.15
  • SG Fleet Group's level of debt (62.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (33.7% vs 62.6% today).
  • Debt is well covered by operating cash flow (38.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 10.6x coverage).
X
Financial health checks
We assess SG Fleet Group'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. SG Fleet Group has a total score of 3/6, 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.

SGF Dividends

 What is SG Fleet Group'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
6.43%
Current annual income from SG Fleet Group dividends. Estimated to be 6.03% next year.
If you bought A$2,000 of SG Fleet Group shares you are expected to receive A$129 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?
  • SG Fleet Group's pays a higher dividend yield than the bottom 25% of dividend payers in Australia (2.36%).
  • SG Fleet Group's dividend is above the markets top 25% of dividend payers in Australia (5.58%).
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:SGF Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Australia Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 12 Stocks 2.6%
Australia Market Average Dividend Yield Market Cap Weighted Average of 391 Stocks 4.1%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.5%
Australia Bottom 25% Dividend Yield 25th Percentile 2.4%
Australia Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

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

ASX:SGF Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2022-06-30 0.19 3.00
2021-06-30 0.17 3.00
2020-06-30 0.14 3.00
2019-11-15
ASX:SGF Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2019-08-21 0.177 7.240
2019-02-18 0.181 6.710
2018-08-13 0.187 5.785
2018-02-12 0.180 4.957
2017-08-14 0.168 4.082
2017-02-13 0.152 4.301
2016-08-15 0.129 3.440
2015-08-18 0.122 3.542
2015-02-16 0.095 3.896
2014-08-18 0.040 2.110

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

  • Whilst dividend payments have been stable, SG Fleet Group has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but SG Fleet Group only paid a dividend in the past 5 years.
Current Payout to shareholders
What portion of SG Fleet Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.4x coverage).
X
Income/ dividend checks
We assess SG Fleet Group'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 SG Fleet Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. SG Fleet Group has a total score of 4/6, see the detailed checks below.


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

SGF Management

 What is the CEO of SG Fleet Group'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
Robbie Blau
COMPENSATION A$1,462,575
AGE 50
TENURE AS CEO 13.3 years
CEO Bio

Mr. Robert Pinkas Blau, also known as Robbie, BCom LLB (cum laude), HDip Tax Law, has been the Chief Executive Officer of SG Fleet Group Limited since July 2006. Mr. Blau has 10 years of experience in the fleet management and leasing industry. He has overall responsibility for the strategic development of SG Fleet and manages its relationships with financial services partners. Previously, he served as Managing Director of Nucleus Corporate Finance in South Africa, which he founded in 1999. He remained in this role until his appointment to sgfleet in July 2006. During his time at Nucleus Corporate Finance, Mr. Blau advised Super Group Limited on corporate advisory and strategic projects. Prior to this, he spent a year working with an Operations Director of South African Breweries Limited and practiced as a Commercial Attorney for 5 years at Werksmans Attorneys in South Africa. He has been an Executive Director of SG Fleet Group Limited since January 15, 2014 and a Director of SG Fleet Holdings since November 2010. He serves as Director of SG Fleet NZ Limited. Mr. Blau holds a Bachelor of Commerce (Accounting and Law) and a Bachelor of Laws (Cum Laude) from the University of the Witwatersrand, as well as a Higher Diploma in Tax Law from Johannesburg University.

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

Average tenure of the SG Fleet Group management team in years:

10.8
Average Tenure
  • The average tenure for the SG Fleet Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Robbie Blau

TITLE
CEO & Executive Director
COMPENSATION
A$1M
AGE
50
TENURE
13.3 yrs

Kevin Wundram

TITLE
CFO & Executive Director
COMPENSATION
A$727K
TENURE
13.3 yrs

Andy Mulcaster

TITLE
Managing Director of Australia
COMPENSATION
A$577K
TENURE
12.8 yrs

Geoff Tipene

TITLE
Managing Director of New Zealand
COMPENSATION
A$374K
TENURE
6.8 yrs

Peter Davenport

TITLE
Managing Director of United Kingdom
COMPENSATION
A$428K
AGE
53
TENURE
0.9 yrs

Yves Noldus

TITLE
Corporate Services & Investor Relations Executive

Roy Waghorn

TITLE
General Manager of Corporate Sales
TENURE
10.8 yrs

Andy Graham

TITLE
Group Head of Innovation & Technology

Edelvine Rigato

TITLE
Company Secretary
TENURE
2.2 yrs
Board of Directors Tenure

Average tenure and age of the SG Fleet Group board of directors in years:

5.8
Average Tenure
62.5
Average Age
  • The tenure for the SG Fleet Group board of directors is about average.
Board of Directors

Andrew Reitzer

TITLE
Independent Non-Executive Chairman
COMPENSATION
A$200K
AGE
64
TENURE
5.8 yrs

Robbie Blau

TITLE
CEO & Executive Director
COMPENSATION
A$1M
AGE
50
TENURE
5.8 yrs

Kevin Wundram

TITLE
CFO & Executive Director
COMPENSATION
A$727K
TENURE
4.3 yrs

Graham Maloney

TITLE
Independent Non-Executive Director
COMPENSATION
A$120K
AGE
68
TENURE
5.8 yrs

Peter Mountford

TITLE
Non-Executive Director
COMPENSATION
A$118K
AGE
61
TENURE
5.8 yrs

Cheryl Bart

TITLE
Independent Non-Executive Director
COMPENSATION
A$118K
AGE
60
TENURE
5.8 yrs

Edwin Jankelowitz

TITLE
Non-Executive Director
COMPENSATION
A$110K
AGE
76
TENURE
4.3 yrs

Colin Brown

TITLE
Alternate Director
COMPENSATION
A$200K
TENURE
5.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
05. Apr 19 Sell Pengana Capital Ltd. Company 22. Mar 19 02. Apr 19 -422,809 A$2.44 A$-941,420
02. Apr 19 Buy Super Group Limited Company 27. Feb 19 02. Apr 19 2,611,117 A$2.60 A$6,288,013
25. Mar 19 Sell Pengana Capital Ltd. Company 09. Jan 18 21. Mar 19 -2,538,065 A$2.81 A$-7,144,006
25. Mar 19 Sell Hunter Hall Investment Management Limited Company 01. May 18 19. Feb 19 -162,917 A$3.25 A$-530,127
26. Feb 19 Buy Super Group Limited Company 15. May 18 25. Feb 19 1,769,974 A$4.07 A$4,651,989
X
Management checks
We assess SG Fleet Group'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. SG Fleet Group 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.

SGF News

Simply Wall St News

Can SG Fleet Group Limited's (ASX:SGF) ROE Continue To Surpass The Industry Average?

The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for SG Fleet Group: 22% = AU$60m ÷ AU$279m (Based on the trailing twelve months to June 2019.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … Does SG Fleet Group Have A Good ROE? … SG Fleet Group's Debt And Its 22% ROE Although SG Fleet Group does use debt, its debt to equity ratio of 0.63 is still low.

Simply Wall St -

Did SG Fleet Group's (ASX:SGF) Share Price Deserve to Gain 71%?

For example, long term SG Fleet Group Limited (ASX:SGF) shareholders have enjoyed a 71% share price rise over the last half decade, well in excess of the market return of around 10% (not including dividends). … During five years of share price growth, SG Fleet Group achieved compound earnings per share (EPS) growth of 15% per year. … As it happens, SG Fleet Group's TSR for the last 5 years was 114%, which exceeds the share price return mentioned earlier.

Simply Wall St -

Does SG Fleet Group Limited's (ASX:SGF) CEO Salary Compare Well With Others?

According to our data, SG Fleet Group Limited has a market capitalization of AU$815m, and pays its CEO total annual compensation worth AU$1.9m. … It would therefore appear that SG Fleet Group Limited pays Robbie Blau more than the median CEO remuneration at companies of a similar size, in the same market. … We examined the amount SG Fleet Group Limited pays its CEO, and compared it to the amount paid by similar sized companies.

Simply Wall St -

Does SG Fleet Group Limited (ASX:SGF) Create Value For Shareholders?

The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for SG Fleet Group: 0.18 = AU$104m ÷ (AU$689m - AU$119m) (Based on the trailing twelve months to December 2018.) So, SG Fleet Group has an ROCE of 18%. … Do SG Fleet Group's Current Liabilities Skew Its ROCE? … 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 -

How SG Fleet Group Limited's (ASX:SGF) Earnings Growth Stacks Up Against The Industry

After looking at SG Fleet Group Limited's (ASX:SGF) latest earnings announcement (31 December 2018), I found it useful to revisit the company's performance in the past couple of years and assess this against the most recent figures. … However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 12%, indicating the rate at which SGF is growing has slowed down. … You should continue to research SG Fleet Group to get a more holistic view of the stock by looking at: Future Outlook: What are well-informed industry analysts predicting for SGF’s future growth?

Simply Wall St -

What Kind Of Shareholders Own SG Fleet Group Limited (ASX:SGF)?

Every investor in SG Fleet Group Limited (ASX:SGF) should be aware of the most powerful shareholder groups. … View our latest analysis for SG Fleet Group ASX:SGF Ownership Summary, June 10th 2019 What Does The Institutional Ownership Tell Us About SG Fleet Group? … Insider Ownership Of SG Fleet Group The definition of an insider can differ slightly between different countries, but members of the board of directors always count.

Simply Wall St -

Is SG Fleet Group Limited (ASX:SGF) A Great Dividend Stock?

Is SG Fleet Group Limited (ASX:SGF) a good dividend stock? … Earnings per share have been growing rapidly, but given that it is paying out more than half of its earnings as dividends, we wonder how SG Fleet Group will keep funding its growth projects in the future. … Conclusion To summarise, shareholders should always check that SG Fleet Group's dividends are affordable, that its dividend payments are relatively stable, and that it has decent prospects for growing its earnings and dividend.

Simply Wall St -

What Does SG Fleet Group Limited's (ASX:SGF) Balance Sheet Tell Us About It?

Investors are always looking for growth in small-cap stocks like SG Fleet Group Limited (ASX:SGF), with a market cap of AU$673m. … However, an important fact which most ignore is: how financially healthy is the business?

Simply Wall St -

Should You Be Excited About SG Fleet Group Limited's (ASX:SGF) 24% Return On Equity?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … One way to conceptualize this, is that for each A$1 of shareholders' equity it has, the company made A$0.24 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Is SG Fleet Group Limited (ASX:SGF) Excessively Paying Its CEO?

How Does Robbie Blau's Compensation Compare With Similar Sized Companies. … According to our data, SG Fleet Group Limited has a market capitalization of AU$571m, and pays its CEO total annual compensation worth AU$1.9m. … We think total compensation is more important but we note that the CEO salary is lower, at AU$1m

Simply Wall St -

SGF Company Info

Description

SG Fleet Group Limited provides motor vehicle fleet management, vehicle leasing, short term hire, consumer vehicle finance, and salary packaging services in Australia, New Zealand, and the United Kingdom. The company offers fleet management services, including funding options, such as operating lease/contract hire, finance lease, and client sourced funding services; maintenance plans comprising tire replacement; registration renewals; fuel cards and reporting; breakdown and accident assistance; comprehensive insurance; vehicle acquisition and disposal; and other products and services. Its products include Bookingintelligence, a resource management application that enables to manage a pool of resources online; Fleetintelligence 2.0, a reporting and management system that enables access to information on vehicle activity; Driversafety intelligence, which supports employers to develop driver safety practices and manage risks associated with employees using vehicles in connection with work; and sgfleet app to keep track of novated leases. In addition, the company offers vehicle accessories, such as window tinting, in-car communications, vehicle safety kits and security systems, satellite navigation systems, ARB's protection products, plates, in-vehicle entertainment options, and car care protection products. Further, it provides Logbook and the Logbook App for record keeping requirements of vehicles used for business purposes; FBT intelligence, a computer based system to make collecting and analyzing information for fringe benefits taxes; and roadside assistance, toll management, incident and accident management, registration management, and traffic infringement services. The company was founded in 1986 and is based in Pymble, Australia. SG Fleet Group Limited is a subsidiary of Bluefin Investments Limited.

Details
Name: SG Fleet Group Limited
SGF
Exchange: ASX
Founded: 1986
A$720,939,725
262,159,900
Website: http://www.sgfleet.com
Address: SG Fleet Group Limited
Building 3,
Level 2,
Pymble,
New South Wales, 2073,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX SGF Ordinary Shares Australian Securities Exchange AU AUD 04. Mar 2014
CHIA SGF Ordinary Shares Chi-X Australia AU AUD 04. Mar 2014
Number of employees
Current staff
Staff numbers
0
SG Fleet Group employees.
Industry
Diversified Support Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/15 10:36
End of day share price update: 2019/11/15 00:00
Last estimates confirmation: 2019/10/14
Last earnings filing: 2019/08/21
Last earnings reported: 2019/06/30
Last annual earnings reported: 2019/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.