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Angel Seafood Holdings

ASX:AS1
Snowflake Description

High growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AS1
ASX
A$26M
Market Cap
  1. Home
  2. AU
  3. Food, Beverage & Tobacco
Company description

Angel Seafood Holdings Limited produces, manufactures, markets, and sells organic and sustainable oysters in Australia. The last earnings update was 44 days ago. More info.


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AS1 Share Price and Events
7 Day Returns
-2.4%
ASX:AS1
-0.4%
AU Food
1.3%
AU Market
1 Year Returns
29%
ASX:AS1
-10%
AU Food
9.9%
AU Market
AS1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Angel Seafood Holdings (AS1) -2.4% -7% 11.1% 29% - -
AU Food -0.4% 2.4% -2.3% -10% -6.5% 31.9%
AU Market 1.3% -0.6% -1% 9.9% 17.6% 17.8%
1 Year Return vs Industry and Market
  • AS1 outperformed the Food industry which returned -10% over the past year.
  • AS1 outperformed the Market in Australia which returned 9.9% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

AS1 Value

 Is Angel Seafood Holdings 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 Angel Seafood Holdings 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 Angel Seafood Holdings.

ASX:AS1 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
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:AS1
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Food Unlevered Beta Simply Wall St/ S&P Global 0.54
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.542 (1 + (1- 30%) (21.99%))
0.749
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:AS1 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Angel Seafood Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

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

ASX:AS1 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 7.08%)
2020 0.00 Analyst x1 0.00
2021 1.20 Analyst x1 1.05
2022 3.40 Analyst x1 2.77
2023 5.52 Est @ 62.33% 4.20
2024 7.97 Est @ 44.32% 5.66
2025 10.49 Est @ 31.72% 6.96
2026 12.89 Est @ 22.9% 7.99
2027 15.05 Est @ 16.72% 8.71
2028 16.92 Est @ 12.4% 9.14
2029 18.50 Est @ 9.37% 9.34
Present value of next 10 years cash flows A$55.00
ASX:AS1 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= A$18.50 × (1 + 2.31%) ÷ (7.08% – 2.31%)
A$397.04
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$397.04 ÷ (1 + 7.08%)10
A$200.33
ASX:AS1 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$55.00 + A$200.33
A$255.33
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$255.33 / 131.85
A$1.94
ASX:AS1 Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$1.94
Current discount Discount to share price of A$0.20
= -1 x (A$0.20 - A$1.94) / A$1.94
89.7%

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

Current Discount
Amount off the current price Angel Seafood Holdings is available for.
Intrinsic value
>50%
Share price is A$0.2 vs Future cash flow value of A$1.94
Current Discount Checks
For Angel Seafood Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Angel Seafood Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Angel Seafood Holdings's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Angel Seafood Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Angel Seafood Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:AS1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in AUD A$0.00
ASX:AS1 Share Price ** ASX (2019-10-11) in AUD A$0.2
Australia Food Industry PE Ratio Median Figure of 21 Publicly-Listed Food Companies 25.25x
Australia Market PE Ratio Median Figure of 557 Publicly-Listed Companies 17.93x

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

** Primary Listing of Angel Seafood Holdings.

ASX:AS1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:AS1 Share Price ÷ EPS (both in AUD)

= 0.2 ÷ 0.00

83.82x

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

  • Angel Seafood Holdings is overvalued based on earnings compared to the AU Food industry average.
  • Angel Seafood Holdings is overvalued based on earnings compared to the Australia market.
Price based on expected Growth
Does Angel Seafood Holdings's expected growth come at a high price?
Raw Data
ASX:AS1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 83.82x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
57.1%per year
Australia Food Industry PEG Ratio Median Figure of 13 Publicly-Listed Food Companies 1.47x
Australia Market PEG Ratio Median Figure of 357 Publicly-Listed Companies 1.69x

*Line of best fit is calculated by linear regression .

ASX:AS1 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 83.82x ÷ 57.1%

1.47x

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

  • Angel Seafood Holdings is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Angel Seafood Holdings's assets?
Raw Data
ASX:AS1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in AUD A$0.09
ASX:AS1 Share Price * ASX (2019-10-11) in AUD A$0.2
Australia Food Industry PB Ratio Median Figure of 43 Publicly-Listed Food Companies 1.24x
Australia Market PB Ratio Median Figure of 1,705 Publicly-Listed Companies 1.8x
ASX:AS1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:AS1 Share Price ÷ Book Value per Share (both in AUD)

= 0.2 ÷ 0.09

2.14x

* Primary Listing of Angel Seafood Holdings.

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

  • Angel Seafood Holdings is overvalued based on assets compared to the AU Food industry average.
X
Value checks
We assess Angel Seafood Holdings'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 Food 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 Food industry average (and greater than 0)? (1 check)
  5. Angel Seafood Holdings has a total score of 2/6, see the detailed checks below.

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

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

AS1 Future Performance

 How is Angel Seafood Holdings expected to perform in the next 1 to 3 years based on estimates from 2 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
57.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Angel Seafood Holdings expected to grow at an attractive rate?
  • Angel Seafood Holdings's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Angel Seafood Holdings's earnings growth is expected to exceed the Australia market average.
  • Angel Seafood Holdings's revenue growth is expected to exceed the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:AS1 Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:AS1 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 57.1%
ASX:AS1 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 29.4%
Australia Food Industry Earnings Growth Rate Market Cap Weighted Average 35.7%
Australia Food Industry Revenue Growth Rate Market Cap Weighted Average 9.1%
Australia Market Earnings Growth Rate Market Cap Weighted Average 10.2%
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:AS1 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 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:AS1 Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-06-30 12 4 3 1
2021-06-30 9 3 3 2
2020-06-30 8 2 1 1
2019-10-13
ASX:AS1 Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-06-30 4 0 0
2019-03-31 4 -1 0
2018-12-31 3 -2 -1
2018-09-30 2 -2 -1
2018-06-30 1 -2 -1
2017-12-31 2 -1 -2
2017-09-30 2 -1 -2
2017-06-30 2 -1 -2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Angel Seafood Holdings's earnings are expected to grow significantly at over 20% yearly.
  • Angel Seafood Holdings's revenue is expected to grow significantly at over 20% yearly.
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:AS1 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Angel Seafood Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:AS1 Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-06-30 0.02 0.02 0.02 1.00
2021-06-30 0.02 0.02 0.02 2.00
2020-06-30 0.01 0.01 0.01 1.00
2019-10-13
ASX:AS1 Past Financials Data
Date (Data in AUD Millions) EPS *
2019-06-30 0.00
2019-03-31 0.00
2018-12-31 -0.01
2018-09-30 -0.01
2018-06-30 -0.01
2017-12-31 -0.05
2017-09-30 -0.05
2017-06-30 -0.05

*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.
  • Angel Seafood Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Angel Seafood Holdings'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.
Angel Seafood Holdings has a total score of 5/6, 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.

AS1 Past Performance

  How has Angel Seafood Holdings 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 Angel Seafood Holdings's growth in the last year to its industry (Food).
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.
  • Insufficient data to establish if Angel Seafood Holdings's year on year earnings growth rate was positive over the past 5 years.
  • Angel Seafood Holdings has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Angel Seafood Holdings has become profitable in the last year making it difficult to compare the AU Food industry average.
Earnings and Revenue History
Angel Seafood Holdings'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 Angel Seafood Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:AS1 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 4.27 0.31 2.76
2019-03-31 3.67 -0.34 2.83
2018-12-31 3.11 -0.98 2.89
2018-09-30 2.30 -1.06 2.28
2018-06-30 1.46 -1.14 1.66
2017-12-31 2.11 -2.48 1.21
2017-09-30 1.86 -2.23 1.00
2017-06-30 1.61 -1.99 0.79

*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.
  • Angel Seafood Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Angel Seafood Holdings used its assets less efficiently than the AU Food industry average last year based on Return on Assets.
  • It is difficult to establish if Angel Seafood Holdings 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 Angel Seafood Holdings'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 Food 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.
Angel Seafood Holdings 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.

AS1 Health

 How is Angel Seafood Holdings'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 Angel Seafood Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Angel Seafood Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Angel Seafood Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Angel Seafood Holdings'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.
  • High level of physical assets or inventory.
  • 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 Angel Seafood Holdings Company Filings, last reported 3 months ago.

ASX:AS1 Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 12.30 4.00 0.53
2019-03-31 12.30 4.00 0.53
2018-12-31 10.95 2.64 0.26
2018-09-30 10.95 2.64 0.26
2018-06-30 11.12 0.63 3.96
2017-12-31 3.07 1.24 0.21
2017-09-30 3.07 1.24 0.21
2017-06-30 4.20 0.61 1.36
  • Angel Seafood Holdings's level of debt (32.5%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Angel Seafood Holdings's debt level has increased without past 5-year debt data.
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on Angel Seafood Holdings's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Angel Seafood Holdings'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. Angel Seafood Holdings 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.

AS1 Dividends

 What is Angel Seafood Holdings'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 Angel Seafood Holdings dividends. Estimated to be 6.5% next year.
If you bought A$2,000 of Angel Seafood Holdings 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 Angel Seafood Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Angel Seafood Holdings'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:AS1 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 Food Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 3.1%
Australia Market Average Dividend Yield Market Cap Weighted Average of 407 Stocks 4.2%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.6%
Australia Bottom 25% Dividend Yield 25th Percentile 2.5%
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:AS1 Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2022-06-30
2021-06-30 0.01 1.00
2020-06-30 0.01 1.00
2019-10-13

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

  • Unable to perform a dividend volatility check as Angel Seafood Holdings has not reported any payouts.
  • Unable to verify if Angel Seafood Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Angel Seafood Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Angel Seafood Holdings has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.2x coverage).
X
Income/ dividend checks
We assess Angel Seafood Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - 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 Angel Seafood Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Angel Seafood Holdings 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.

AS1 Management

 What is the CEO of Angel Seafood Holdings'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
Zac Halman
COMPENSATION A$1,064,888
AGE 40
TENURE AS CEO 1.3 years
CEO Bio

Mr. Isaac Halman, also known as Zac, is the Founder of Angel Seafood Holdings Ltd. and serves as its Director since September 27, 2016. Mr. Halman has been Chief Executive Officer at Angel Seafood Holdings Ltd. since July 01, 2018. Mr. Halman was Executive Operations Director of Angel Seafood Holdings Ltd until March 2018. He founded Angel Seafood Holdings Ltd in 2010 and has been a driving force of innovation in the oyster industry in South Australia. He is also a Board Member of the South Australian Oyster Growers Association (SAOGA).

CEO Compensation
  • Zac's compensation has increased in line with Angel Seafood Holdings recently becoming profitable.
  • Zac's remuneration is higher than average for companies of similar size in Australia.
Management Team Tenure

Average tenure of the Angel Seafood Holdings management team in years:

1.3
Average Tenure
  • The average tenure for the Angel Seafood Holdings management team is less than 2 years, this suggests a new team.
Management Team

Zac Halman

TITLE
Founder
COMPENSATION
A$1M
AGE
40
TENURE
1.3 yrs

Simba Matute

TITLE
Chief Financial Officer
COMPENSATION
A$184K
TENURE
0.7 yrs

Daniel Wicks

TITLE
Head of Operations

Christine Manuel

TITLE
Company Secretary
TENURE
2.1 yrs
Board of Directors Tenure

Average tenure and age of the Angel Seafood Holdings board of directors in years:

1.7
Average Tenure
51
Average Age
  • The average tenure for the Angel Seafood Holdings board of directors is less than 3 years, this suggests a new board.
Board of Directors

Tim Goldsmith

TITLE
Independent Non-Executive Chairman
COMPENSATION
A$55K
AGE
56
TENURE
1.7 yrs

Zac Halman

TITLE
Founder
COMPENSATION
A$1M
AGE
40
TENURE
3.1 yrs

Ashley Roff

TITLE
Independent Non-Executive Director
COMPENSATION
A$44K
AGE
56
TENURE
1.7 yrs

Michael Porter

TITLE
Non-Executive Director
COMPENSATION
A$44K
AGE
46
TENURE
1.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
02. Jun 19 Sell Bonafide Wealth Management AG Company 24. May 19 24. May 19 -9,147,143 A$0.19 A$-1,737,957
02. Jun 19 Buy IFM Independent Fund Management AG Company 24. May 19 24. May 19 9,147,143 A$0.19 A$1,737,957
11. Mar 19 Buy Michael Porter Individual 07. Mar 19 08. Mar 19 225,802 A$0.15 A$34,499
30. Dec 18 Buy Michael Porter Individual 24. Dec 18 28. Dec 18 100,000 A$0.14 A$13,673
05. Nov 18 Buy Michael Porter Individual 02. Nov 18 05. Nov 18 471,000 A$0.16 A$73,035
22. Oct 18 Buy Bonafide Wealth Management AG Company 19. Oct 18 19. Oct 18 1,048,938 A$0.15 A$161,326
X
Management checks
We assess Angel Seafood Holdings'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. Angel Seafood Holdings 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.

AS1 News

Simply Wall St News

Why We’re Not Impressed By Angel Seafood Holdings Limited’s (ASX:AS1) 3.1% ROCE

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 Angel Seafood Holdings:0.031 = AU$487k ÷ (AU$19m - AU$3.3m) (Based on the trailing twelve months to June 2019.) So, Angel Seafood Holdings has an ROCE of 3.1%. … Do Angel Seafood Holdings's Current Liabilities Skew Its ROCE? … Angel Seafood Holdings has total assets of AU$19m and current liabilities of AU$3.3m.

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Would Angel Seafood Holdings (ASX:AS1) Might Be Better Off With Less Debt

We note that Angel Seafood Holdings Limited (ASX:AS1) does have debt on its balance sheet. … ASX:AS1 Historical Debt, August 13th 2019 How Healthy Is Angel Seafood Holdings's Balance Sheet? … But ultimately the future profitability of the business will decide if Angel Seafood Holdings can strengthen its balance sheet over time.

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Update: Angel Seafood Holdings (ASX:AS1) Stock Gained 21% In The Last Year

To wit, the Angel Seafood Holdings Limited (ASX:AS1) share price is 21% higher than it was a year ago, much better than the market return of around 4.8% (not including dividends) in the same period. … We'll need to follow Angel Seafood Holdings for a while to get a better sense of its share price trend, since it hasn't been listed for particularly long. … Angel Seafood Holdings isn't currently profitable, so most analysts would look to revenue growth to get an idea of how fast the underlying business is growing.

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What Percentage Of Angel Seafood Holdings Limited (ASX:AS1) Shares Do Insiders Own?

Every investor in Angel Seafood Holdings Limited (ASX:AS1) should be aware of the most powerful shareholder groups. … With a market capitalization of AU$22m, Angel Seafood Holdings is a small cap stock, so it might not be well known by many institutional investors. … View our latest analysis for Angel Seafood Holdings

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Did Angel Seafood Holdings Limited (ASX:AS1) Insiders Buy Up More Shares?

So we'll take a look at whether insiders have been buying or selling shares in Angel Seafood Holdings Limited (ASX:AS1). … Check out our latest analysis for Angel Seafood Holdings. … The Last 12 Months Of Insider Transactions At Angel Seafood Holdings.

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How Much Of Angel Seafood Holdings Limited (ASX:AS1) Do Insiders Own?

Every investor in Angel Seafood Holdings Limited (ASX:AS1) should be aware of the most powerful shareholder groups. … Angel Seafood Holdings is a smaller company with a market capitalization of AU$18m, so it may still be flying under the radar of many institutional investors. … See our latest analysis for Angel Seafood Holdings

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What does Angel Seafood Holdings Limited's (ASX:AS1) Balance Sheet Tell Us About Its Future?

Angel Seafood Holdings Limited (ASX:AS1) is a small-cap stock with a market capitalization of AU$16.95m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health.

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When Will Angel Seafood Holdings Limited (ASX:AS1) Turn A Profit?

Angel Seafood Holdings Limited's (ASX:AS1): Angel Seafood Holdings Limited operates as an aquaculture company in Australia and internationally. … Check out our latest analysis for Angel Seafood Holdings Expectation from analysts is AS1 is on the verge of breakeven. … ASX:AS1 Past Future Earnings Mar 24th 18 I’m not going to go through company-specific developments for AS1 given that this is a high-level summary, though, keep in mind that by and large a high forecast growth rate is not unusual for a company that is currently undergoing an investment period.

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What does Angel Seafood Holdings Limited's (ASX:AS1) Balance Sheet Tell Us About Its Future?

At this constant level of debt, the current cash and short-term investment levels stands at AU$1.36M , ready to deploy into the business. … Moving onto cash from operations, its operating cash flow is not yet significant enough to calculate a meaningful cash-to-debt ratio, indicating that operational efficiency is something we’d need to take a look at. … Maintaining a high level of debt, while revenues are still below costs, can be dangerous as liquidity tends to dry up in unexpected downturns.Next Steps: AS1’s cash flow coverage indicates it could improve its operating efficiency in order to meet demand for debt repayments should unforeseen events arise.

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AS1 Company Info

Description

Angel Seafood Holdings Limited produces, manufactures, markets, and sells organic and sustainable oysters in Australia. The company also exports its products. Angel Seafood Holdings Limited was incorporated in 2016 and is headquartered in Port Lincoln, Australia.

Details
Name: Angel Seafood Holdings Limited
AS1
Exchange: ASX
Founded: 2016
A$26,369,928
131,849,640
Website: http://www.angelseafood.com.au
Address: Angel Seafood Holdings Limited
48 Proper Bay Road,
Port Lincoln,
South Australia, 5606,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX AS1 Common Shares Australian Securities Exchange AU AUD 21. Feb 2018
CHIA AS1 Common Shares Chi-X Australia AU AUD 21. Feb 2018
Number of employees
Current staff
Staff numbers
0
Angel Seafood Holdings employees.
Industry
Packaged Foods and Meats
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/13 10:51
End of day share price update: 2019/10/11 00:00
Last estimates confirmation: 2019/09/03
Last earnings filing: 2019/08/30
Last earnings reported: 2019/06/30
Last annual earnings reported: 2019/06/30


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

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