Loading...

We've got a brand new version of Simply Wall St! Try it out

Eclipx Group

ASX:ECX
Snowflake Description

Mediocre balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ECX
ASX
A$514M
Market Cap
  1. Home
  2. AU
  3. Diversified Financials
Company description

Eclipx Group Limited provides vehicle fleet leasing, fleet management, and diversified financial services in Australia and New Zealand. The last earnings update was 7 days ago. More info.


Add to Portfolio Compare Print
ECX Share Price and Events
7 Day Returns
-11.8%
ASX:ECX
-0.9%
AU Consumer Finance
-0.1%
AU Market
1 Year Returns
-34.6%
ASX:ECX
57.6%
AU Consumer Finance
16.5%
AU Market
ECX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Eclipx Group (ECX) -11.8% -6.4% 5.9% -34.6% -58% -
AU Consumer Finance -0.9% -2.2% 10.7% 57.6% 29.9% 35.1%
AU Market -0.1% 1.5% 3.5% 16.5% 21.9% 20.6%
1 Year Return vs Industry and Market
  • ECX underperformed the Consumer Finance industry which returned 57.6% over the past year.
  • ECX underperformed the Market in Australia which returned 16.5% over the past year.
Price Volatility
ECX
Industry
5yr Volatility vs Market

Value

 Is Eclipx 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 Eclipx 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 Eclipx Group.

ASX:ECX Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= A$1.57 * 6.3%
A$0.10
Book Value of Equity per Share Weighted future Book Value estimates from 4 analysts. A$1.57
Discount Rate (Cost of Equity) See below 9.5%
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:ECX
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Consumer Finance Unlevered Beta Simply Wall St/ S&P Global 0.69
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.691 (1 + (1- 30%) (320.03%))
1.207
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.21
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (1.207 * 5.96%)
9.51%

Discounted Cash Flow Calculation for ASX:ECX using Excess Returns Model Model

The calculations below outline how an intrinsic value for Eclipx Group is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

ASX:ECX Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (6.3% – 9.51%) * A$1.57)
A$-0.05
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= A$-0.05 / (9.51% - 2.31%)
A$-0.70
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= A$1.57 + A$-0.70
A$0.87
ASX:ECX Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$0.87
Current discount Discount to share price of A$1.61
= -1 x (A$1.61 - A$0.87) / A$0.87
-85%

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

  • The current share price of Eclipx Group is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Eclipx Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Eclipx Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:ECX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in AUD A$-0.15
ASX:ECX Share Price ** ASX (2019-11-19) in AUD A$1.61
Australia Consumer Finance Industry PE Ratio Median Figure of 7 Publicly-Listed Consumer Finance Companies 13.1x
Australia Market PE Ratio Median Figure of 519 Publicly-Listed Companies 18.7x

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

** Primary Listing of Eclipx Group.

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

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

= 1.61 ÷ -0.15

-10.85x

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

  • Eclipx Group is loss making, we can't compare its value to the AU Consumer Finance industry average.
  • Eclipx Group is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does Eclipx Group's expected growth come at a high price?
Raw Data
ASX:ECX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -10.85x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
52.6%per year
Australia Consumer Finance Industry PEG Ratio Median Figure of 5 Publicly-Listed Consumer Finance Companies 1.03x
Australia Market PEG Ratio Median Figure of 347 Publicly-Listed Companies 1.6x

*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 Eclipx Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Eclipx Group's assets?
Raw Data
ASX:ECX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in AUD A$1.51
ASX:ECX Share Price * ASX (2019-11-19) in AUD A$1.61
Australia Consumer Finance Industry PB Ratio Median Figure of 12 Publicly-Listed Consumer Finance Companies 2.06x
Australia Market PB Ratio Median Figure of 1,584 Publicly-Listed Companies 1.75x
ASX:ECX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 1.61 ÷ 1.51

1.07x

* Primary Listing of Eclipx Group.

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

  • Eclipx Group is good value based on assets compared to the AU Consumer Finance industry average.
X
Value checks
We assess Eclipx 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 Consumer Finance 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 Consumer Finance industry average (and greater than 0)? (1 check)
  5. Eclipx Group has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

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

Future Performance

 How is Eclipx Group expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

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

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
52.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Eclipx Group expected to grow at an attractive rate?
  • Eclipx Group's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Eclipx Group's earnings growth is expected to exceed the Australia market average.
  • Eclipx 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:ECX Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:ECX Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 52.6%
ASX:ECX Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts -6.1%
Australia Consumer Finance Industry Earnings Growth Rate Market Cap Weighted Average 45.9%
Australia Consumer Finance Industry Revenue Growth Rate Market Cap Weighted Average 22.4%
Australia Market Earnings Growth Rate Market Cap Weighted Average 9.7%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

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

Analysts growth expectations
Raw Data
ASX:ECX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:ECX Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-09-30 585 254 45 5
2021-09-30 574 252 46 5
2020-09-30 592 254 37 5
2019-11-19
ASX:ECX Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-09-30 713 383 -47
2019-03-31 792 335 -83
2018-12-31 775 328 -10
2018-09-30 691 320 37
2018-06-30 789 352 55
2018-03-31 751 383 51
2017-12-31 678 382 52
2017-09-30 605 382 54
2017-06-30 576 376 53
2017-03-31 548 370 51
2016-12-31 526 370 49

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Eclipx Group's earnings are expected to grow significantly at over 20% yearly.
  • Eclipx 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:ECX Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Eclipx Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:ECX Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-09-30 0.17 0.17 0.17 1.00
2021-09-30 0.14 0.16 0.12 2.00
2020-09-30 0.12 0.14 0.10 2.00
2019-11-19
ASX:ECX Past Financials Data
Date (Data in AUD Millions) EPS *
2019-09-30 -0.15
2019-03-31 -0.26
2018-12-31 -0.03
2018-09-30 0.12
2018-06-30 0.18
2018-03-31 0.17
2017-12-31 0.19
2017-09-30 0.20
2017-06-30 0.20
2017-03-31 0.20
2016-12-31 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.
  • Eclipx Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Eclipx 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.
Eclipx Group has a total score of 3/6, see the detailed checks below.

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

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

Past Performance

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

ASX:ECX Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 713.03 -47.35 112.02
2019-03-31 792.22 -83.10 204.06
2018-12-31 775.37 -10.45 202.55
2018-09-30 690.53 37.17 112.07
2018-06-30 789.39 55.19 191.40
2018-03-31 751.15 50.76 181.76
2017-12-31 677.83 52.48 165.33
2017-09-30 604.52 54.21 148.91
2017-06-30 576.18 52.73 136.77
2017-03-31 547.85 51.26 124.63
2016-12-31 526.34 48.56 116.33
2016-09-30 504.84 45.87 108.03
2016-06-30 492.71 43.80 109.08
2016-03-31 480.59 41.74 110.13
2015-12-31 480.08 34.65 107.99
2015-09-30 479.57 27.55 105.85
2015-06-30 432.55 10.10 92.78
2015-03-31 385.54 -7.36 79.70
2014-12-31 335.61 -9.79 69.13
2014-09-30 285.68 -12.21 58.56
2013-09-30 297.26 7.53 50.24

*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 Eclipx Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Eclipx Group has efficiently used its assets last year compared to the AU Consumer Finance industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Eclipx Group 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 Eclipx 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 Consumer Finance 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.
Eclipx Group 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 Eclipx 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 Eclipx Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Eclipx Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Eclipx Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Eclipx 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 not covered by short term assets, assets are 0.5x 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 Eclipx Group Company Filings, last reported 1 month ago.

ASX:ECX Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 481.11 1,636.07 97.13
2019-03-31 711.88 1,871.27 94.06
2018-12-31 711.88 1,871.27 94.06
2018-09-30 868.10 1,823.36 62.08
2018-06-30 900.02 1,823.36 62.08
2018-03-31 885.00 1,722.72 53.60
2017-12-31 885.00 1,722.72 53.60
2017-09-30 863.26 1,620.12 59.08
2017-06-30 863.26 1,620.12 59.08
2017-03-31 673.81 1,540.40 65.67
2016-12-31 673.81 1,540.40 65.67
2016-09-30 658.82 1,435.74 60.92
2016-06-30 658.82 1,435.74 60.92
2016-03-31 564.40 1,284.54 48.62
2015-12-31 564.40 1,284.54 48.62
2015-09-30 552.12 1,250.00 58.16
2015-06-30 552.12 1,250.00 58.16
2015-03-31 310.97 1,253.48 51.02
2014-12-31 310.97 1,253.48 51.02
2014-09-30 187.79 985.47 43.00
2013-09-30 194.85 861.54 59.03
  • Eclipx Group's level of debt (340.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (522.5% vs 340.1% today).
  • Debt is well covered by operating cash flow (23.4%, greater than 20% of total debt).
  • Eclipx Group is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Eclipx 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. Eclipx 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.

Dividends

 What is Eclipx 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
0%
Current annual income from Eclipx Group dividends. Estimated to be 4.55% next year.
If you bought A$2,000 of Eclipx Group 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 Eclipx Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Eclipx Group'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:ECX 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 5 Analyst Estimates (S&P Global) See Below
Australia Consumer Finance Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 3.2%
Australia Market Average Dividend Yield Market Cap Weighted Average of 390 Stocks 4.1%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.5%
Australia Bottom 25% Dividend Yield 25th Percentile 2.4%
Australia Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

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

ASX:ECX Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2022-09-30 0.09 5.00
2021-09-30 0.07 5.00
2020-09-30 0.05 4.00
2019-11-19
ASX:ECX Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2019-11-12 0.000 0.000
2019-03-26 0.000 0.000
2018-11-13 0.160 7.849
2018-05-07 0.160 5.755
2017-11-07 0.155 4.120
2017-05-03 0.150 3.985
2016-11-01 0.140 3.668
2016-05-05 0.135 3.613
2015-11-09 0.065 2.144

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

  • Unable to perform a dividend volatility check as Eclipx Group has not reported any payouts.
  • Unable to verify if Eclipx Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Eclipx Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Eclipx Group has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.7x coverage).
X
Income/ dividend checks
We assess Eclipx 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 Eclipx Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Eclipx Group has a total score of 1/6, see the detailed checks below.


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

Management

 What is the CEO of Eclipx 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
Julian Russell
COMPENSATION A$901,692
TENURE AS CEO 0.5 years
CEO Bio

Mr. Julian Russell serves as Chief Executive Officer at Eclipx Group Limited since May 13, 2019. He was the Co-Head of the Financial Institutions Group at UBS Australia and has had a distinguished career as a financial adviser, having been involved in many of the major M&A advisory and capital markets transactions in the financial services sector in Australia. He is universally regarded as one of the leading corporate advisers in the financial institutions sector over this period. Prior to joining UBS Australia, he was employed for a number of years as a treasury analyst at Merrill Lynch EMEA. He has been providing advice to the Board of Eclipx Group Limited since 2014. He has a Bachelor of Commerce (B.Comm) and a Master of Business Studies (MBS), both from University College Dublin and is a Fellow Member of the Association of Chartered Certified Accountants, UK.

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

Average tenure of the Eclipx Group management team in years:

0.8
Average Tenure
  • The average tenure for the Eclipx Group management team is less than 2 years, this suggests a new team.
Management Team

Julian Russell

TITLE
Chief Executive Officer
COMPENSATION
A$902K
TENURE
0.5 yrs

Bevan Guest

TITLE
Chief Commercial Officer
COMPENSATION
A$1M
TENURE
1 yrs

Jason Muhs

TITLE
Acting Chief Financial Officer
TENURE
0.3 yrs

Malcolm Pascoe

TITLE
Chief Technology Officer
TENURE
0.3 yrs

Matt Sinnamon

TITLE
Company Secretary & Group General Counsel
TENURE
5.1 yrs

Jodi Sampson

TITLE
Acting Head of Human Resources
TENURE
0.3 yrs

Edward Ho

TITLE
Chief Risk Officer
TENURE
4.6 yrs

David Brudenell

TITLE
Managing Director of Consumer
TENURE
3.1 yrs

Russell Webber

TITLE
Managing Director of FleetPartners New Zealand
TENURE
0.8 yrs
Board of Directors Tenure

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

4.7
Average Tenure
66
Average Age
  • The tenure for the Eclipx Group board of directors is about average.
Board of Directors

Kerry Chishoim Roxburgh

TITLE
Independent Chairman
COMPENSATION
A$305K
AGE
77
TENURE
4.7 yrs

Trevor Allen

TITLE
Independent Non-Executive Director
COMPENSATION
A$193K
AGE
62
TENURE
4.7 yrs

Gail Pemberton

TITLE
Independent Non-Executive Director
COMPENSATION
A$193K
AGE
66
TENURE
4.7 yrs

Russell Shields

TITLE
Independent Non-Executive Director
COMPENSATION
A$168K
TENURE
4.7 yrs

Linda Jenkinson

TITLE
Independent Non-Executive Director
COMPENSATION
A$168K
TENURE
1.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
30. Sep 19 Sell Health Employees Superannuation Trust Australia Company 20. Sep 19 20. Sep 19 -714,810 A$1.71 A$-1,222,325
30. Sep 19 Buy Health Employees Superannuation Trust Australia Company 24. Jul 19 27. Sep 19 3,826,222 A$1.62 A$6,214,486
08. Oct 19 Sell Wilson Asset Management (International) Pty Limited Company 02. Oct 19 04. Oct 19 -6,046,400 A$1.72 A$-10,406,106
08. Oct 19 Buy Wilson Asset Management (International) Pty Limited Company 16. Aug 19 13. Sep 19 2,642,381 A$1.54 A$4,070,656
08. Oct 19 Sell MAM Pty Limited Company 16. Aug 19 04. Oct 19 -2,219,705 A$1.73 A$-3,824,772
08. Oct 19 Buy MAM Pty Limited Company 16. Aug 19 13. Sep 19 458,835 A$1.54 A$693,362
03. Oct 19 Sell Axar Capital Management LP Company 03. Jun 19 12. Sep 19 -166,062 A$1.40 A$-232,773
03. Oct 19 Buy Axar Capital Management LP Company 19. Jun 19 02. Oct 19 887,870 A$1.53 A$1,355,378
03. Oct 19 Sell Maso Capital Arbitrage Fund Limited Company 03. Jun 19 12. Sep 19 -857,646 A$1.40 A$-1,202,742
03. Oct 19 Buy Maso Capital Arbitrage Fund Limited Company 19. Jun 19 02. Oct 19 4,970,543 A$1.53 A$7,619,741
03. Oct 19 Sell Maso Capital Investments Limited Company 03. Jun 19 12. Sep 19 -195,004 A$2.09 A$-407,441
03. Oct 19 Buy Maso Capital Investments Limited Company 19. Jun 19 02. Oct 19 612,170 A$1.37 A$839,828
03. Oct 19 Sell CPMG, Inc. Company 03. Jun 19 12. Sep 19 -359,796 A$1.40 A$-503,963
03. Oct 19 Buy CPMG, Inc. Company 19. Jun 19 02. Oct 19 1,791,320 A$1.53 A$2,742,979
24. Sep 19 Sell Dimensional Fund Advisors L.P. Company 12. Jun 19 14. Aug 19 -882,186 A$1.29 A$-1,161,080
24. Sep 19 Buy Dimensional Fund Advisors L.P. Company 21. Jun 19 24. Sep 19 2,717,852 A$1.78 A$4,081,019
12. Sep 19 Sell First Sentier Investors (Australia) IM Ltd Company 09. Sep 19 09. Sep 19 -780,784 A$1.58 A$-1,236,723
15. Aug 19 Buy Wilson Asset Management (International) Pty Limited Company 29. May 19 15. Aug 19 13,728,546 A$1.35 A$18,556,159
15. Aug 19 Buy MAM Pty Limited Company 29. May 19 15. Aug 19 6,032,420 A$1.51 A$8,423,668
09. Jul 19 Sell Vinva Investment Management Company 17. Aug 18 05. Jul 19 -1,969,991 A$1.70 A$-3,344,405
09. Jul 19 Buy Vinva Investment Management Company 17. Aug 18 05. Jul 19 1,919,587 A$2.32 A$4,462,137
17. Apr 19 Sell Credit Suisse, Investment Banking and Securities Investments Company 11. Apr 19 12. Apr 19 -248,569 A$0.83 A$-203,607
17. Apr 19 Buy Credit Suisse, Investment Banking and Securities Investments Company 11. Apr 19 12. Apr 19 16,499 A$0.83 A$13,294
15. Apr 19 Sell Credit Suisse, Investment Banking and Securities Investments Company 05. Apr 19 10. Apr 19 -1,124,542 A$0.83 A$-936,274
15. Apr 19 Buy Credit Suisse, Investment Banking and Securities Investments Company 05. Apr 19 10. Apr 19 191,898 A$0.84 A$160,956
10. Apr 19 Sell Credit Suisse, Investment Banking and Securities Investments Company 05. Dec 18 04. Apr 19 -17,796,441 A$1.58 A$-28,164,780
10. Apr 19 Buy Credit Suisse, Investment Banking and Securities Investments Company 05. Dec 18 04. Apr 19 20,514,760 A$1.61 A$32,960,807
10. Apr 19 Sell Credit Suisse Asset Management (Switzerland) Company 30. Jan 19 25. Mar 19 -200,340 A$0.96 A$-193,197
10. Apr 19 Buy Credit Suisse Asset Management (Switzerland) Company 11. Dec 18 17. Jan 19 23,299 A$2.45 A$57,076
28. Mar 19 Sell Renaissance Smaller Companies Pty Ltd Company 08. Aug 18 26. Mar 19 -7,603,289 A$1.31 A$-9,933,108
22. Mar 19 Sell Pendal Group Limited Company 21. Feb 19 20. Mar 19 -5,107,753 A$0.89 A$-4,532,244
22. Mar 19 Buy Pendal Group Limited Company 05. Mar 19 05. Mar 19 75,266 A$1.97 A$148,274
21. Feb 19 Sell Pendal Group Limited Company 12. Mar 18 18. Feb 19 -3,508,465 A$2.41 A$-8,451,653
21. Feb 19 Buy Pendal Group Limited Company 30. Jan 19 30. Jan 19 40,413 A$2.21 A$89,313
03. Dec 18 Sell Pendal Group Limited Company 16. Nov 18 29. Nov 18 -3,661,078 A$2.56 A$-9,359,341
X
Management checks
We assess Eclipx 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. Eclipx 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.

News

Simply Wall St News

Is Eclipx Group Limited's (ASX:ECX) CEO Pay Justified?

Understanding how CEOs are incentivised to run and grow their company is an important aspect of investing in a stock. … This is because, if incentives are aligned, more value is created for shareholders which directly impacts your returns as an investor. … CEOs leading companies of similar size and profitability

Simply Wall St -

Should You Be Concerned About Eclipx Group Limited's (ASX:ECX) Investors?

In this analysis, my focus will be on developing a perspective on Eclipx Group Limited’s (ASX:ECX) latest ownership structure, a less discussed, but important factor. … A company's ownership structure is often linked to its share performance in both the long- and short-term. … Check out our latest analysis for Eclipx Group

Simply Wall St -

What’s Ahead For Eclipx Group Limited (ASX:ECX)?

is a consumer finance company operating in an industry, … Many consumer finance firms, particularly the large, complex institutions, have been simplifying their business and operating models over the last few years, both for economic reasons and to reduce organizational complexity … Financial services analysts are forecasting for the entire industry,

Simply Wall St -

Should You Follow This Trend For Eclipx Group Limited (ASX:ECX)?

some insider buying over the past three months, with insiders investing in. … It is widely considered that insider buying stock in their own companies is potentially a bullish signal … A research published in The MIT Press (1998) concluded that stocks following insider buying outperformed the market by 4.5%

Simply Wall St -

Is Eclipx Group Limited (ASX:ECX) An Attractive Dividend Stock?

Dividends play a key role in compounding returns over time and can form a large part of our portfolio return. … Eclipx Group Limited (ASX:ECX) has returned to shareholders over the past 3 years, an average dividend yield of 4.00% annually. … Let's dig deeper into whether Eclipx Group should have a place in your portfolio.

Simply Wall St -

Is Eclipx Group Limited (ASX:ECX) Undervalued After Accounting For Its Future Growth?

Growth expectations for Eclipx Group Limited (ASX:ECX) are high, but many investors are starting to ask whether its last close at A$3.27 can still be rationalized by the future potential. … Check out our latest analysis for Eclipx Group? … Investors in Eclipx Group have been patiently waiting for the uptick in earnings.

Simply Wall St -

Is Eclipx Group Limited (ASX:ECX) Thriving Or Barely Surviving In The Financial Sector?

In this article, I’ll take you through the sector growth expectations, as well as evaluate whether Eclipx Group is lagging or leading its competitors in the industry. … Check out our latest analysis for Eclipx Group What’s the catalyst for Eclipx Group's sector growth? … Eclipx Group lags the pack with its lower growth rate of 7.59% over the past year, which indicates the company will be growing at a slower pace than its consumer finance peers.

Simply Wall St -

Intrinsic Calculation For Eclipx Group Limited (ASX:ECX) Shows Investors Are Overpaying

ASX:ECX Intrinsic Value Apr 4th 18 Deriving ECX's True Value The key assumption for Excess Returns is that equity value is how much the firm can earn, over and above its cost of equity, given the level of equity it has in the company at the moment. … The returns above the cost of equity is known as excess returns: Excess Return Per Share = (Stable Return On Equity – Cost Of Equity) (Book Value Of Equity Per Share) = (10.8% – 11.75%) * A$2.95 = A$-0.03 Excess Return Per Share is used to calculate the terminal value of ECX, which is how much the business is expected to continue to generate over the upcoming years, in perpetuity. … This is a common component of discounted cash flow models: Terminal Value Per Share = Excess Return Per Share / (Cost of Equity – Expected Growth Rate) = A$-0.03 / (11.75% – 2.76%) = A$-0.31 These factors are combined to calculate the true value of ECX's stock: Value Per Share = Book Value of Equity Per Share + Terminal Value Per Share = A$2.95 + A$-0.31 = A$2.64 Given ECX's current share price of A$3.54, ECX is trading above what it's actually worth.

Simply Wall St -

How Does Eclipx Group Limited (ASX:ECX) Fare As A Dividend Stock?

In the past 2 years Eclipx Group Limited (ASX:ECX) has returned an average of 4.00% per year to investors in the form of dividend payouts. … View our latest analysis for Eclipx Group 5 questions to ask before buying a dividend stock When researching a dividend stock, I always follow the following screening criteria: Is their annual yield among the top 25% of dividend payers? … Compared to its peers, Eclipx Group produces a yield of 4.19%, which is high for Consumer Finance stocks but still below the market's top dividend payers.Next Steps: Taking all the above into account, Eclipx Group is a complicated pick for dividend investors given that there are a couple of positive things about it as well as negative.

Simply Wall St -

Is Eclipx Group Limited's (ASX:ECX) PE Ratio A Signal To Sell For Investors?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for ECX Price per share = A$3.61 Earnings per share = A$0.203 ∴ Price-Earnings Ratio = A$3.61 ÷ A$0.203 = 17.8x On its own, the P/E ratio doesn’t tell you much; however, it becomes extremely useful when you compare it with other similar companies. … For example, if you accidentally compared lower growth firms with ECX, then ECX’s P/E would naturally be higher since investors would reward ECX’s higher growth with a higher price. … Alternatively, if you inadvertently compared riskier firms with ECX, ECX’s P/E would again be higher since investors would reward ECX’s lower risk with a higher price as well.

Simply Wall St -

Company Info

Description

Eclipx Group Limited provides vehicle fleet leasing, fleet management, and diversified financial services in Australia and New Zealand. The company operates in Australia Commercial, Australia Consumer, and New Zealand segments. It offers vehicle fleet leasing and management, commercial equipment finance and leasing, novated leasing, and consumer motor vehicle finance solutions. The company offers a suite of diversified financial services under the FleetPartners, FleetPlus, FleetChoice, Georgie, CarLoans.com.au, Right2Drive, AutoSelect, and Eclipx Commercial brands. Eclipx Group Limited was founded in 1987 and is headquartered in St Leonards, Australia.

Details
Name: Eclipx Group Limited
ECX
Exchange: ASX
Founded: 1987
A$513,769,825
319,111,693
Website: http://www.eclipxgroup.com
Address: Eclipx Group Limited
601 Pacific Highway,
Level 6,
St Leonards,
New South Wales, 2065,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX ECX New Ordinary Shares Australian Securities Exchange AU AUD 22. Apr 2015
CHIA ECX New Ordinary Shares Chi-X Australia AU AUD 22. Apr 2015
Number of employees
Current staff
Staff numbers
0
Eclipx Group employees.
Industry
Consumer Finance
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/19 10:40
End of day share price update: 2019/11/19 00:00
Last estimates confirmation: 2019/11/17
Last earnings filing: 2019/11/12
Last earnings reported: 2019/09/30
Last annual earnings reported: 2019/09/30


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.