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Gowing Bros

ASX:GOW
Snowflake Description

Overvalued with worrying balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GOW
ASX
A$82M
Market Cap
  1. Home
  2. AU
  3. Diversified Financials
Company description

Gowing Bros. Limited operates as an investment and wealth management company in Australia. The last earnings update was 9 days ago. More info.


Add to Portfolio Compare Print
  • Gowing Bros is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • Gowing Bros has significant price volatility in the past 3 months.
GOW Share Price and Events
7 Day Returns
5.1%
ASX:GOW
4%
AU Diversified Financial
1.1%
AU Market
1 Year Returns
-38.1%
ASX:GOW
-36.5%
AU Diversified Financial
-18.9%
AU Market
GOW Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Gowing Bros (GOW) 5.1% -27.1% -33.9% -38.1% -56.1% -45.7%
AU Diversified Financial 4% -20.8% -30.8% -36.5% -70.2% -75.7%
AU Market 1.1% -20.8% -25% -18.9% -16% -16.4%
1 Year Return vs Industry and Market
  • GOW underperformed the Diversified Financial industry which returned -36.5% over the past year.
  • GOW underperformed the Market in Australia which returned -18.9% over the past year.
Price Volatility
GOW
Industry
5yr Volatility vs Market

Value

 Is Gowing Bros 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 Gowing Bros 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 Gowing Bros.

ASX:GOW 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$3.89 * 3.1%
A$0.12
Book Value of Equity per Share Median Book Value from the past 5 years. A$3.89
Discount Rate (Cost of Equity) See below 7.6%
Perpetual Growth Rate 10-Year AU Government Bond Rate 1.1%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ASX:GOW
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 1.1%
Equity Risk Premium S&P Global 5.4%
Diversified Financial Unlevered Beta Simply Wall St/ S&P Global 0.71
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.714 (1 + (1- 30%) (114.66%))
1.192
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.19
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.08% + (1.192 * 5.44%)
7.57%

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

The calculations below outline how an intrinsic value for Gowing Bros 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:GOW Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (3.1% – 7.57%) * A$3.89)
A$-0.17
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= A$-0.17 / (7.57% - 1.08%)
A$-2.67
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= A$3.89 + A$-2.67
A$1.22
ASX:GOW Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$1.22
Current discount Discount to share price of A$1.56
= -1 x (A$1.56 - A$1.22) / A$1.22
-27.4%

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

  • The current share price of Gowing Bros 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 Gowing Bros's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Gowing Bros's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:GOW PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2020-01-31) in AUD A$-0.24
ASX:GOW Share Price ** ASX (2020-04-03) in AUD A$1.56
Global Diversified Financial Industry PE Ratio Median Figure of 307 Publicly-Listed Diversified Financial Companies 9.21x
Australia Market PE Ratio Median Figure of 515 Publicly-Listed Companies 13.28x

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

** Primary Listing of Gowing Bros.

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

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

= 1.56 ÷ -0.24

-6.4x

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

  • Gowing Bros is loss making, we can't compare its value to the Global Diversified Financial industry average.
  • Gowing Bros is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does Gowing Bros's expected growth come at a high price?
Raw Data
ASX:GOW PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -6.4x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Global Diversified Financial Industry PEG Ratio Median Figure of 56 Publicly-Listed Diversified Financial Companies 0.42x
Australia Market PEG Ratio Median Figure of 337 Publicly-Listed Companies 1.04x

*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 Gowing Bros, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Gowing Bros's assets?
Raw Data
ASX:GOW PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2020-01-31) in AUD A$3.55
ASX:GOW Share Price * ASX (2020-04-03) in AUD A$1.56
Australia Diversified Financial Industry PB Ratio Median Figure of 13 Publicly-Listed Diversified Financial Companies 0.82x
Australia Market PB Ratio Median Figure of 1,614 Publicly-Listed Companies 1.23x
ASX:GOW PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 1.56 ÷ 3.55

0.44x

* Primary Listing of Gowing Bros.

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

  • Gowing Bros is good value based on assets compared to the AU Diversified Financial industry average.
X
Value checks
We assess Gowing Bros'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 Diversified Financial 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 Diversified Financial industry average (and greater than 0)? (1 check)
  5. Gowing Bros 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 Gowing Bros 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 Gowing Bros 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
99.1%
Expected Diversified Financial industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Gowing Bros expected to grow at an attractive rate?
  • Unable to compare Gowing Bros's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Gowing Bros's earnings growth to the Australia market average as no estimate data is available.
  • Unable to compare Gowing Bros's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:GOW Future Growth Rates Data Sources
Data Point Source Value (per year)
Australia Diversified Financial Industry Earnings Growth Rate Market Cap Weighted Average 99.1%
Australia Diversified Financial Industry Revenue Growth Rate Market Cap Weighted Average -87.1%
Australia Market Earnings Growth Rate Market Cap Weighted Average 10.1%
Australia Market Revenue Growth Rate Market Cap Weighted Average 4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

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

Analysts growth expectations
Raw Data
ASX:GOW Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:GOW Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2020-01-31 67 8 -13
2019-10-31 65 7 -16
2019-07-31 62 6 -19
2019-04-30 61 6 -9
2019-01-31 60 6 2
2018-10-31 59 5 4
2018-07-31 58 4 7
2018-04-30 59 5 10
2018-01-31 60 7 13
2017-10-31 56 6 18
2017-07-31 52 4 23
2017-04-30 40 3 19

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Gowing Bros is high growth as no earnings estimate data is available.
  • Unable to determine if Gowing Bros 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:GOW Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

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

ASX:GOW Past Financials Data
Date (Data in AUD Millions) EPS *
2020-01-31 -0.24
2019-10-31 -0.30
2019-07-31 -0.36
2019-04-30 -0.16
2019-01-31 0.03
2018-10-31 0.08
2018-07-31 0.12
2018-04-30 0.19
2018-01-31 0.25
2017-10-31 0.34
2017-07-31 0.43
2017-04-30 0.36

*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 Gowing Bros will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of GOW’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Gowing Bros'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 Diversified Financials companies here
  3. Gowing Bros's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Gowing Bros'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.
Gowing Bros 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 Gowing Bros 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 Gowing Bros's growth in the last year to its industry (Diversified Financial).
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.
  • Gowing Bros does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Gowing Bros's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Gowing Bros's 1-year growth to the Global Diversified Financial industry average as it is not currently profitable.
Earnings and Revenue History
Gowing Bros'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 Gowing Bros Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:GOW Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2020-01-31 67.47 -13.14 4.08
2019-10-31 64.91 -16.27 3.94
2019-07-31 62.35 -19.40 3.81
2019-04-30 61.05 -8.83 3.53
2019-01-31 59.75 1.75 3.24
2018-10-31 58.75 4.14 3.38
2018-07-31 57.74 6.54 3.52
2018-04-30 58.96 10.01 3.77
2018-01-31 60.19 13.48 4.02
2017-10-31 56.08 18.36 3.75
2017-07-31 51.98 23.24 3.48
2017-04-30 40.49 19.27 3.09
2017-01-31 29.00 15.29 2.71
2016-10-31 34.34 18.64 2.80
2016-07-31 39.68 21.99 2.90
2016-04-30 40.60 27.51 2.87
2016-01-31 41.51 33.03 2.85
2015-10-31 32.71 26.07 2.66
2015-07-31 23.91 19.11 2.47
2015-04-30 23.38 16.56 2.52
2015-01-31 22.86 14.01 2.58
2014-10-31 22.26 14.04 2.59
2014-07-31 21.66 14.07 2.59
2014-04-30 20.38 9.66 2.67
2014-01-31 19.11 5.26 2.76
2013-10-31 21.75 6.27 2.72
2013-07-31 24.40 7.28 2.68
2013-04-30 26.32 8.95 2.57

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Gowing Bros has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Gowing Bros has efficiently used its assets last year compared to the Global Diversified Financial industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Gowing Bros 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 Gowing Bros'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 Diversified Financial 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.
Gowing Bros 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 Gowing Bros'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 Gowing Bros's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Gowing Bros is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Gowing Bros's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Gowing Bros'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 0.3x 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 Gowing Bros Company Filings, last reported 2 months ago.

ASX:GOW Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2020-01-31 191.34 91.46 14.74
2019-10-31 191.34 91.46 14.74
2019-07-31 191.12 113.55 11.31
2019-04-30 191.12 113.55 11.31
2019-01-31 209.32 110.61 21.08
2018-10-31 209.32 110.61 21.08
2018-07-31 215.97 93.17 5.29
2018-04-30 215.97 93.17 5.29
2018-01-31 213.22 83.27 10.87
2017-10-31 213.22 83.27 10.87
2017-07-31 213.98 59.08 5.89
2017-04-30 213.98 59.08 5.89
2017-01-31 207.55 49.60 2.05
2016-10-31 207.55 49.60 2.05
2016-07-31 198.58 49.88 21.00
2016-04-30 198.58 49.88 21.00
2016-01-31 194.36 48.85 25.95
2015-10-31 194.36 48.85 25.95
2015-07-31 186.77 52.96 12.84
2015-04-30 186.77 52.96 12.84
2015-01-31 171.23 49.25 12.58
2014-10-31 171.23 49.25 12.58
2014-07-31 170.20 49.27 7.74
2014-04-30 170.20 49.27 7.74
2014-01-31 160.09 50.33 6.68
2013-10-31 160.09 50.33 6.68
2013-07-31 157.28 49.10 6.78
2013-04-30 157.28 49.10 6.78
  • Gowing Bros's level of debt (47.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (28.4% vs 47.8% today).
  • Debt is not well covered by operating cash flow (8.8%, less than 20% of total debt).
  • Gowing Bros is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Gowing Bros'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. Gowing Bros has a total score of 1/6, 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 Gowing Bros'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
6.41%
Current annual income from Gowing Bros dividends.
If you bought A$2,000 of Gowing Bros shares you are expected to receive A$128 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?
  • Gowing Bros's pays a higher dividend yield than the bottom 25% of dividend payers in Australia (3.17%).
  • Gowing Bros's dividend is below the markets top 25% of dividend payers in Australia (8%).
Upcoming dividend payment

Purchase Gowing Bros before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:GOW 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
Global Diversified Financial Industry Average Dividend Yield Market Cap Weighted Average of 160 Stocks 4.7%
Australia Market Average Dividend Yield Market Cap Weighted Average of 370 Stocks 5.5%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.7%
Australia Bottom 25% Dividend Yield 25th Percentile 3.2%
Australia Top 25% Dividend Yield 75th Percentile 8%

Industry and Market average data is calculated daily.

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

ASX:GOW Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2020-03-25 0.100 6.645
2019-09-26 0.100 4.583
2019-03-21 0.100 4.105
2018-09-13 0.120 4.524
2018-03-22 0.120 4.048
2017-09-28 0.120 3.748
2017-03-29 0.120 3.547
2016-09-28 0.120 3.447
2016-03-30 0.120 3.533
2015-09-30 0.109 3.497
2015-03-26 0.109 3.830
2014-10-31 0.109 3.998
2014-09-26 0.109 4.217
2014-03-31 0.109 4.454
2013-10-29 0.109 4.617
2013-09-30 0.109 4.562
2013-03-18 0.109 4.837
2012-09-28 0.100 4.849
2012-03-29 0.100 5.096
2011-09-22 0.100 5.048
2011-03-18 0.100 4.792
2010-10-01 0.091 4.155
2010-03-22 0.091 4.174
2009-10-30 0.273 11.805

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Gowing Bros's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
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 Gowing Bros's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.7%) - 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 Gowing Bros afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Gowing Bros 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 Gowing Bros'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
John Gowing
COMPENSATION A$299,353
AGE 58
TENURE AS CEO 33.3 years
CEO Bio

Mr. John Edward Gowing, B.Comm, CA, CPA, has been Managing Director and Executive Director of Gowing Bros. Limited since 1987 and 1983 respectively. Mr. Gowing commenced his employment career with Gowing Bros. Ltd. in 1987. Mr. Gowing served as the Chairman of Resource Star Limited (also known as Gowings Retail Ltd) until August 24, 2004. Mr. Gowing held the position of Vice President and Treasurer of the Australian Retailers Association of New South Wales since 1993. He has had over 20 years experience in men's retailing in Australia. Prior to Gowings, Mr. Gowing spent 4 years with accounting firm Arthur Young as a Chartered Accountant. He serves as a Non Executive Director of Crescent Capital Partners Management Pty Ltd. (also known as Crescent Capital Partners Ltd.). Mr. Gowing served as a Non Executive Director of Noni B Ltd. from February 2000 to October 25, 2006. Mr. Gowing served as a Director of Gowings Retail Ltd. until August 24, 2004. Mr. Gowing has a Bachelor of Commerce Degree from the University of New South Wales and is an Associate of the Institute of Chartered Accountants. Mr. Gowing is a Member of The Institute of Chartered Accountants in Australia and Member of The Australian Society of Certified Public Accountants.

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

Average tenure of the Gowing Bros management team in years:

3.2
Average Tenure
  • The tenure for the Gowing Bros management team is about average.
Management Team

John Gowing

TITLE
MD & Executive Director
COMPENSATION
A$299K
AGE
58
TENURE
33.3 yrs

Robert Ambrogio

TITLE
Co-Company Secretary & CFO
COMPENSATION
A$245K
TENURE
3.2 yrs

Ian Morgan

TITLE
Company Secretary
TENURE
1 yrs
Board of Directors Tenure

Average tenure and age of the Gowing Bros board of directors in years:

11.1
Average Tenure
59
Average Age
  • The average tenure for the Gowing Bros board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Jonathan West

TITLE
Non Executive Chairman
COMPENSATION
A$130K
AGE
62
TENURE
4 yrs

John Gowing

TITLE
MD & Executive Director
COMPENSATION
A$299K
AGE
58
TENURE
37.3 yrs

John Parker

TITLE
Independent Non Executive Director
COMPENSATION
A$72K
TENURE
18.3 yrs

Sean Clancy

TITLE
Independent Non-executive Director
COMPENSATION
A$60K
AGE
59
TENURE
4 yrs

Ellis Gowing

TITLE
Associate Director

James Gowing

TITLE
Associate Director
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$) Value (A$)
X
Management checks
We assess Gowing Bros'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. Gowing Bros 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

Want To Invest In Gowing Bros Limited (ASX:GOW)? Here's How It Performed Lately

Understanding Gowing Bros Limited's (ASX:GOW) performance as a company requires examining more than earnings from one point in time. … Today I will take you through a basic sense check to gain perspective on how Gowing Bros is doing by evaluating its latest earnings with its longer term trend as well as its industry peers' performance over the same period. … See our latest analysis for Gowing Bros?

Simply Wall St -

Should You Be Tempted To Buy Gowing Bros Limited (ASX:GOW) Because Of Its PE Ratio?

and want to begin learning the link between Gowing Bros Limited (ASX:GOW)’s fundamentals and stock market performance. … Gowing Bros Limited (ASX:GOW) is currently trading at a trailing P/E of 11.5x, which is lower than the industry average of 20x. … While this makes GOW appear like a great stock to buy, you might change your mind after I explain the assumptions behind the P/E ratio

Simply Wall St -

Income Investors Should Steer Clear of Gowing Bros Limited (ASX:GOW)

A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. … Gowing Bros Limited (ASX:GOW) has returned to shareholders over the past 10 years, an average dividend yield of 5.00% annually. … 5 questions I ask before picking a dividend stock

Simply Wall St -

Is Gowing Bros Limited (ASX:GOW) A Buy At Its Current PE Ratio?

It compares a stock’s price per share to the stock’s earnings per share. … Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for GOW Price per share = A$3.05 Earnings per share = A$0.251 ∴ Price-Earnings Ratio = A$3.05 ÷ A$0.251 = 12.1x 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. … GOW’s P/E of 12.1x is lower than its industry peers (20.6x), which implies that each dollar of GOW’s earnings is being undervalued by investors.

Simply Wall St -

Read This Before Buying Gowing Bros Limited (ASX:GOW) For Its Upcoming $0.06 Dividend

Important news for shareholders and potential investors in Gowing Bros Limited (ASX:GOW): The dividend payment of A$0.06 per share will be distributed into shareholder on 26 April 2018, and the stock will begin trading ex-dividend at an earlier date, 10 April 2018. … View our latest analysis for Gowing Bros How I analyze a dividend stock Whenever I am looking at a potential dividend stock investment, I always check these five metrics: Is their annual yield among the top 25% of dividend payers? … ASX:GOW Historical Dividend Yield Apr 6th 18 Does Gowing Bros pass our checks?

Simply Wall St -

How Does Gowing Bros Limited (ASX:GOW) Fare As A Dividend Stock?

Gowing Bros Limited (ASX:GOW) has returned to shareholders over the past 10 years, an average dividend yield of 5.00% annually. … Check out our latest analysis for Gowing Bros Here's how I find good dividend stocks Whenever I am looking at a potential dividend stock investment, I always check these five metrics: Is their annual yield among the top 25% of dividend payers? … ASX:GOW Historical Dividend Yield Feb 21st 18 How does Gowing Bros fare?

Simply Wall St -

Did Gowing Bros Limited's (ASX:GOW) Recent Earnings Growth Beat The Trend?

Today I will take you through a basic sense check to gain perspective on how Gowing Bros is doing by evaluating its latest earnings with its longer term trend as well as its industry peers' performance over the same period. … Check out our latest analysis for Gowing Bros Did GOW beat its long-term earnings growth trend and its industry? … Inspecting growth from a sector-level, the Australian diversified financial industry has been enduring some headwinds in the past twelve months, leading to an average earnings drop of -5.83%.

Simply Wall St -

Should You Buy Gowing Bros Limited (ASX:GOW) At This PE Ratio?

Gowing Bros Limited (ASX:GOW) is currently trading at a trailing P/E of 7.4x, which is lower than the industry average of 19.4x. … Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for GOW Price per share = A$3.2 Earnings per share = A$0.433 ∴ Price-Earnings Ratio = A$3.2 ÷ A$0.433 = 7.4x 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. … Since GOW's P/E of 7.4x is lower than its industry peers (19.4x), it means that investors are paying less than they should for each dollar of GOW's earnings.

Simply Wall St -

With 5.8% Earnings Growth Lately, Did Gowing Bros Limited (ASX:GOW) Outperform The Industry?

After looking at Gowing Bros Limited's (ASX:GOW) latest earnings announcement (31 July 2017), I found it useful to revisit the company's performance in the past couple of years and assess this against the most recent figures. … See our latest analysis for GOW Commentary On GOW's Past Performance To account for any quarterly or half-yearly updates, I use data from the most recent 12 months, which annualizes the most recent half-year data, or in some cases, the latest annual report is already the most recent financial year data. … This means generally, Gowing Bros has been able to increasingly raise its net income over the past few years as well.

Simply Wall St -

Company Info

Description

Gowing Bros. Limited operates as an investment and wealth management company in Australia. It operates through two divisions, Investment Management and Property Management. The Investment Management segment invests in securities listed on the Australian Stock Exchange in private equity vehicles, as well as loans, including mezzanine finance arrangements. The Property Management segment engages in the ownership and leasing of commercial properties; and the development and sale of residential and commercial properties. The company was founded in 1868 and is based in Pyrmont, Australia.

Details
Name: Gowing Bros. Limited
GOW
Exchange: ASX
Founded: 1868
A$82,315,522
53,800,995
Website: http://www.gowings.com
Address: Gowing Bros. Limited
Jones Bay Wharf,
Suite 21,
Pyrmont,
New South Wales, 2009,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX GOW Ordinary Shares Australian Securities Exchange AU AUD 02. Jan 1992
CHIA GOW Ordinary Shares Chi-X Australia AU AUD 02. Jan 1992
Number of employees
Current staff
Staff numbers
0
Gowing Bros employees.
Industry
Multi-Sector Holdings
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/03 10:32
End of day share price update: 2020/04/03 00:00
Last earnings filing: 2020/03/25
Last earnings reported: 2020/01/31
Last annual earnings reported: 2019/07/31


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

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