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Capilano Honey

ASX:CZZ
Snowflake Description

Excellent balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CZZ
ASX
A$198M
Market Cap
  1. Home
  2. AU
  3. Food, Beverage & Tobacco
Company description

Capilano Honey Limited packs and sells honey under the Capilano brand in Australia and internationally. The last earnings update was 115 days ago. More info.


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CZZ Share Price and Events
7 Day Returns
0%
ASX:CZZ
4.4%
AU Food
-0.1%
AU Market
1 Year Returns
16.5%
ASX:CZZ
-11.3%
AU Food
-4.5%
AU Market
CZZ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Capilano Honey (CZZ) 0% 1.2% -0.4% 16.5% -3.8% 401.7%
AU Food 4.4% -6% -13.6% -11.3% -1.7% 17.1%
AU Market -0.1% -3.6% -8.5% -4.5% 13.6% -4.5%
1 Year Return vs Industry and Market
  • CZZ outperformed the Food industry which returned -11.3% over the past year.
  • CZZ outperformed the Market in Australia which returned -4.5% over the past year.
Price Volatility
CZZ
Industry
5yr Volatility vs Market

Value

 Is Capilano Honey 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 Capilano Honey 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 Capilano Honey.

ASX:CZZ Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.6%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.8%

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:CZZ
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.8%
Equity Risk Premium S&P Global 7.2%
Food Unlevered Beta Simply Wall St/ S&P Global 0.48
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.477 (1 + (1- 30%) (6.74%))
0.499
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)
= 2.77% + (0.8 * 7.23%)
8.55%

Discounted Cash Flow Calculation for ASX:CZZ using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Capilano Honey is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

ASX:CZZ DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (AUD, Millions) 8.00 6.17 5.40 6.06 6.80
Source Analyst x2 Analyst x3 Analyst x1 Est @ 12.22% Est @ 12.22%
Present Value
Discounted (@ 8.55%)
7.37 5.23 4.22 4.36 4.51
Present value of next 5 years cash flows A$25.70
ASX:CZZ DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= A$6.80 × (1 + 2.77%) ÷ (8.55% – 2.77%)
A$120.90
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= A$120.90 ÷ (1 + 8.55%)5
A$80.20
ASX:CZZ Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= A$25.70 + A$80.20
A$105.90
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$105.90 / 9.46
A$11.2
ASX:CZZ Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$11.20
Current discount Discount to share price of A$20.92
= -1 x (A$20.92 - A$11.20) / A$11.20
-86.8%

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

  • The current share price of Capilano Honey 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 Capilano Honey's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Capilano Honey's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:CZZ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in AUD A$1.04
ASX:CZZ Share Price ** ASX (2018-11-15) in AUD A$20.92
Australia Food Industry PE Ratio Median Figure of 21 Publicly-Listed Food Companies 20.35x
Australia Market PE Ratio Median Figure of 557 Publicly-Listed Companies 15.23x

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

** Primary Listing of Capilano Honey.

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

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

= 20.92 ÷ 1.04

20.14x

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

  • Capilano Honey is good value based on earnings compared to the AU Food industry average.
  • Capilano Honey is overvalued based on earnings compared to the Australia market.
Price based on expected Growth
Does Capilano Honey's expected growth come at a high price?
Raw Data
ASX:CZZ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.14x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
7.4%per year
Australia Food Industry PEG Ratio Median Figure of 13 Publicly-Listed Food Companies 1.69x
Australia Market PEG Ratio Median Figure of 361 Publicly-Listed Companies 1.41x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 20.14x ÷ 7.4%

2.73x

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

  • Capilano Honey is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Capilano Honey's assets?
Raw Data
ASX:CZZ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in AUD A$7.22
ASX:CZZ Share Price * ASX (2018-11-15) in AUD A$20.92
Australia Food Industry PB Ratio Median Figure of 40 Publicly-Listed Food Companies 1.42x
Australia Market PB Ratio Median Figure of 1,649 Publicly-Listed Companies 1.72x
ASX:CZZ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 20.92 ÷ 7.22

2.9x

* Primary Listing of Capilano Honey.

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

  • Capilano Honey is overvalued based on assets compared to the AU Food industry average.
X
Value checks
We assess Capilano Honey'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. Capilano Honey 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 Capilano Honey expected to perform in the next 1 to 3 years based on estimates from 3 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
7.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Capilano Honey expected to grow at an attractive rate?
  • Capilano Honey's earnings growth is expected to exceed the low risk savings rate of 2.8%.
Growth vs Market Checks
  • Capilano Honey's earnings growth is expected to exceed the Australia market average.
  • Capilano Honey's revenue growth is expected to exceed the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:CZZ Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:CZZ Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 7.4%
ASX:CZZ Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 3.6%
Australia Food Industry Earnings Growth Rate Market Cap Weighted Average 19.5%
Australia Food Industry Revenue Growth Rate Market Cap Weighted Average 6.8%
Australia Market Earnings Growth Rate Market Cap Weighted Average 6.3%
Australia Market Revenue Growth Rate Market Cap Weighted Average 2.7%

*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:CZZ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:CZZ Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-06-30 166 1
2022-06-30 161 1
2021-06-30 155 7 12 1
2020-06-30 150 8 12 3
2019-06-30 144 7 11 3
ASX:CZZ Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-06-30 139 1 10
2018-03-31 138 3 9
2017-12-31 137 5 9
2017-09-30 135 4 9
2017-06-30 133 3 10
2017-03-31 133 -2 10
2016-12-31 133 -6 10
2016-09-30 133 -7 10
2016-06-30 134 -8 9
2016-03-31 132 -6 10
2015-12-31 130 -4 10
2015-09-30 125 2 9

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Capilano Honey's earnings are expected to grow by 7.4% yearly, however this is not considered high growth (20% yearly).
  • Capilano Honey's revenue is expected to grow by 3.6% yearly, however this is not considered high growth (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:CZZ Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Capilano Honey Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:CZZ Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-06-30
2022-06-30
2021-06-30 1.28 1.28 1.28 1.00
2020-06-30 1.28 1.44 1.19 3.00
2019-06-30 1.21 1.34 1.13 3.00
ASX:CZZ Past Financials Data
Date (Data in AUD Millions) EPS *
2018-06-30 1.04
2018-03-31 0.98
2017-12-31 0.91
2017-09-30 1.00
2017-06-30 1.09
2017-03-31 1.09
2016-12-31 1.09
2016-09-30 1.10
2016-06-30 1.10
2016-03-31 1.12
2015-12-31 1.14
2015-09-30 1.03

*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.
  • Capilano Honey is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Capilano Honey'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.
Capilano Honey 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 Capilano Honey 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 Capilano Honey'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.
  • Capilano Honey's year on year earnings growth rate has been positive over the past 5 years.
  • Capilano Honey's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Capilano Honey's 1-year earnings growth is negative, it can't be compared to the AU Food industry average.
Earnings and Revenue History
Capilano Honey'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 Capilano Honey Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:CZZ Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 138.52 9.82 33.18
2018-03-31 137.73 9.24 32.90
2017-12-31 136.94 8.65 32.63
2017-09-30 135.04 9.49 32.63
2017-06-30 133.14 10.33 32.63
2017-03-31 133.01 10.11 31.79
2016-12-31 132.87 9.88 30.95
2016-09-30 133.25 9.68 30.95
2016-06-30 133.62 9.48 30.95
2016-03-31 131.82 9.62 30.21
2015-12-31 130.03 9.75 29.48
2015-09-30 125.45 8.80 29.48
2015-06-30 120.86 7.85 29.48
2015-03-31 110.84 6.99 26.55
2014-12-31 100.82 6.14 23.61
2014-09-30 93.41 5.38 23.61
2014-06-30 86.00 4.62 23.61
2014-03-31 83.82 4.71 22.41
2013-12-31 81.64 4.79 21.22
2013-09-30 76.90 4.12 21.22
2013-06-30 72.16 3.45 21.22
2013-03-31 70.65 2.75 20.42
2012-12-31 69.15 2.05 19.62
2012-09-30 68.46 2.30 19.62
2012-06-30 67.78 2.55 19.62
2012-03-31 66.44 3.45 18.22
2011-12-31 65.10 4.35 16.82

*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.
  • Capilano Honey has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Capilano Honey used its assets more efficiently than the AU Food industry average last year based on Return on Assets.
  • Capilano Honey's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Capilano Honey'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.
Capilano Honey has a total score of 2/6, 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 Capilano Honey'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 Capilano Honey's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Capilano Honey is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Capilano Honey's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Capilano Honey'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 5.9x 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 Capilano Honey Company Filings, last reported 5 months ago.

ASX:CZZ Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 68.32 13.34 1.91
2018-03-31 68.32 13.34 1.91
2017-12-31 66.55 12.39 0.31
2017-09-30 66.55 12.39 0.31
2017-06-30 62.33 8.99 1.19
2017-03-31 62.33 8.99 1.19
2016-12-31 61.61 12.99 0.66
2016-09-30 61.61 12.99 0.66
2016-06-30 55.76 18.32 8.70
2016-03-31 55.76 18.32 8.70
2015-12-31 39.21 20.47 0.20
2015-09-30 39.21 20.47 0.20
2015-06-30 33.71 6.09 1.42
2015-03-31 33.71 6.09 1.42
2014-12-31 32.18 7.74 3.45
2014-09-30 32.18 7.74 3.45
2014-06-30 28.58 8.70 1.10
2014-03-31 28.58 8.70 1.10
2013-12-31 27.74 10.32 0.57
2013-09-30 27.74 10.32 0.57
2013-06-30 26.95 16.29 0.24
2013-03-31 26.95 16.29 0.24
2012-12-31 24.23 12.67 1.20
2012-09-30 24.23 12.67 1.20
2012-06-30 23.50 14.10 0.68
2012-03-31 23.50 14.10 0.68
2011-12-31 23.46 16.08 2.10
  • Capilano Honey's level of debt (19.5%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (60.2% vs 19.5% today).
  • Debt is not well covered by operating cash flow (9.7%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 45.9x coverage).
X
Financial health checks
We assess Capilano Honey'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. Capilano Honey has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

Dividends

 What is Capilano Honey'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
2.01%
Current annual income from Capilano Honey dividends. Estimated to be 2.31% next year.
If you bought A$2,000 of Capilano Honey shares you are expected to receive A$40 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?
  • Capilano Honey's pays a lower dividend yield than the bottom 25% of dividend payers in Australia (2.66%).
  • Capilano Honey's dividend is below the markets top 25% of dividend payers in Australia (6.09%).
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:CZZ 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 3 Analyst Estimates (S&P Global) See Below
Australia Food Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 2.5%
Australia Market Average Dividend Yield Market Cap Weighted Average of 421 Stocks 4.7%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.7%
Australia Bottom 25% Dividend Yield 25th Percentile 2.7%
Australia Top 25% Dividend Yield 75th Percentile 6.1%

Industry and Market average data is calculated daily.

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

ASX:CZZ Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2023-06-30 0.52 1.00
2022-06-30 0.50 1.00
2021-06-30 0.48 1.00
2020-06-30 0.49 3.00
2019-06-30 0.46 3.00
ASX:CZZ Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2018-06-20 0.420 2.232
2017-06-23 0.400 2.389
2016-05-23 0.400 2.342
2015-08-10 0.375 1.857
2014-07-25 0.150 1.710
2013-07-19 0.150 3.473
2012-08-28 0.100 4.117
2012-07-09 0.200 9.189

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

  • Whilst dividend payments have been stable, Capilano Honey has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Capilano Honey only paid a dividend in the past 6 years.
Current Payout to shareholders
What portion of Capilano Honey's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.6x coverage).
X
Income/ dividend checks
We assess Capilano Honey'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 Capilano Honey afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Capilano Honey has a total score of 2/6, 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 Capilano Honey'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
Ben McKee
COMPENSATION A$648,100
AGE 42
TENURE AS CEO 5.6 years
CEO Bio

Dr. Benjamin Alexander Mckee, also known as Ben, B.Agri.Sci, Ph.D., GAICD has been the Managing Director of Capilano Honey Limited since May 31st 2013. Dr. McKee had been the Chief Executive Officer of Capilano Honey Limited since July 1, 2012. Dr. McKee served as General Manager of­ Operations at Capilano Honey Limited. Dr. McKee has been a Director of Capilano Honey Limited since 2013. He has been with Capilano Honey for 9 years. Dr. McKee worked with the University of Melbourne and within the Victorian Department of Primary Industries, where he managed his own commercial beekeeping enterprise. He has a Bachelor of Agricultural Science Degree (Honours), a PhD in a field of study related to the Honey Industry and is a Graduate of the Australian Institute of Company Directors.

CEO Compensation
  • Ben's compensation has increased by more than 20% in the past year.
  • Ben's remuneration is higher than average for companies of similar size in Australia.
Management Team Tenure

Average tenure of the Capilano Honey management team in years:

2.3
Average Tenure
  • The tenure for the Capilano Honey management team is about average.
Management Team

Ben McKee

TITLE
MD & Director
COMPENSATION
A$648K
AGE
42
TENURE
5.6 yrs

Dirk Kemp

TITLE
Chief Financial Officer
COMPENSATION
A$280K

K. Holloway

TITLE
Operations Director
COMPENSATION
A$252K
TENURE
1.9 yrs

T. Watt

TITLE
Marketing & Innovation Director
COMPENSATION
A$187K
TENURE
1.2 yrs

Peter McDonald

TITLE
International Sales Director
COMPENSATION
A$308K

J. Henderson

TITLE
Domestic Sales Director
COMPENSATION
A$196K
TENURE
1.2 yrs

Annette Zbasnik

TITLE
Company Secretary
TENURE
2.9 yrs

Lisa Gowans

TITLE
Supply Chain Manager
COMPENSATION
A$96K

Mathew Storey

TITLE
National Account Manager- Sales Department
COMPENSATION
A$210K
TENURE
2.7 yrs
Board of Directors Tenure

Average tenure and age of the Capilano Honey board of directors in years:

4
Average Tenure
55.5
Average Age
  • The tenure for the Capilano Honey board of directors is about average.
Board of Directors

Trevor Morgan

TITLE
Chairman
COMPENSATION
A$142K
AGE
63
TENURE
13.2 yrs

Ben McKee

TITLE
MD & Director
COMPENSATION
A$648K
AGE
42
TENURE
5.9 yrs

Bob Newey

TITLE
Independent Non-Executive Director
COMPENSATION
A$76K
AGE
59
TENURE
6.1 yrs

Julie Pascoe

TITLE
Independent Non-Executive Director
COMPENSATION
A$76K
AGE
57
TENURE
2.2 yrs

Brian O'Donnell

TITLE
Non-Executive Director
COMPENSATION
A$76K
AGE
54
TENURE
2 yrs

Valentina Tripp

TITLE
Independent Non-Executive Director
COMPENSATION
A$13K
AGE
44
TENURE
0.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
23. Oct 18 Buy Bega Cheese Limited Company 18. Oct 18 23. Oct 18 122,643 A$21.00 A$2,547,549
19. Oct 18 Buy Wroxby Pty Ltd, Asset Management Arm Company 17. Jan 18 18. Oct 18 136,964 A$23.20 A$2,919,608
15. Oct 18 Buy Bega Cheese Limited Company 16. Oct 18 16. Oct 18 98,757 A$21.00 A$2,073,460
11. Oct 18 Buy Bega Cheese Limited Company 01. Oct 18 15. Oct 18 189,897 A$21.00 A$3,953,454
26. Sep 18 Buy Bega Cheese Limited Company 10. Sep 18 28. Sep 18 269,638 A$21.12 A$5,650,758
12. Sep 18 Buy Wroxby Pty Ltd, Asset Management Arm Company 19. Dec 17 11. Sep 18 103,350 A$21.67 A$2,165,216
03. Sep 18 Buy Bega Cheese Limited Company 22. May 18 31. Aug 18 532,901 A$21.00 A$14,086,070
05. Sep 18 Buy Bega Cheese Limited Company 03. Sep 18 05. Sep 18 248,974 A$21.08 A$5,233,316
22. Feb 18 Buy Brian O'Donnell Individual 22. Feb 18 22. Feb 18 3,500 A$17.20 A$60,197
19. Feb 18 Buy Julie Pascoe Individual 19. Feb 18 19. Feb 18 4,850 A$16.96 A$82,266
20. Dec 17 Buy Wroxby Pty Ltd, Asset Management Arm Company 02. Nov 17 18. Dec 17 94,871 A$18.19 A$1,660,572
X
Management checks
We assess Capilano Honey'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. Capilano Honey 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

External News
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Simply Wall St News

What Should You Know About Capilano Honey Limited's (ASX:CZZ) Capital Returns?

and want to better understand how you can grow your money by investing in Capilano Honey Limited (ASX:CZZ). … Capilano Honey stock represents an ownership share in the company. … Thus, to understand how your money can grow by investing in Capilano Honey, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE)

Simply Wall St -

A Closer Look At Capilano Honey Limited's (ASX:CZZ) Impressive ROE

To keep the lesson grounded in practicality, we'll use ROE to better understand Capilano Honey Limited (ASX:CZZ). … Capilano Honey has a ROE of 14%, based on the last twelve months. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Is Capilano Honey Limited's (ASX:CZZ) PE Ratio A Signal To Sell For Investors?

Capilano Honey Limited (ASX:CZZ) is trading with a trailing P/E of 19x, which is higher than the industry average of 18.4x. … While CZZ might seem like a stock to avoid or sell if you own it, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions. … I will deconstruct the P/E ratio and highlight what you need to be careful of when using the P/E ratio

Simply Wall St -

Has Capilano Honey Limited's (ASX:CZZ) Earnings Momentum Changed Recently?

After reading Capilano Honey Limited's (ASX:CZZ) most recent earnings announcement (30 June 2018), I found it useful to look back at how the company has performed in the past and compare this against the latest numbers. … As a long-term investor I tend to focus on earnings trend, rather than a single number at one point in time. … CZZ's trailing twelve-month earnings (from 30 June 2018) of AU$9.82m has

Simply Wall St -

What You Must Know About Capilano Honey Limited's (ASX:CZZ) Financial Strength

However, an important fact which most ignore is: how financially healthy is the business? … Assessing first and foremost the financial health is. … Here are a few basic checks that are good enough to have a broad overview of the company’s financial strength.

Simply Wall St -

Capilano Honey Limited (ASX:CZZ): A Look At Solid Capital Returns

Your equity share is granted in return for the capital provided to the business to operate, and in order for an investment to be successful the business has to create earnings from the funds that make up this capital. … To understand Capilano Honey’s capital returns we will look at a useful metric called return on capital employed. … Capilano Honey's Return On Capital Employed

Simply Wall St -

What’s Ahead For Capilano Honey Limited (ASX:CZZ)?

is a consumer staples company operating in an industry. … However, the key uncertainty facing the food product industry specifically is around the change in consumer taste and growth in customer expectation from food producers … The demand is still there but the game is changing – pressure for organic, sustainably sourced, ethically traded and healthy food is growing, spurred by millennials and more conscious consumers

Simply Wall St -

Should You Be Tempted To Sell Capilano Honey Limited (ASX:CZZ) Because Of Its PE Ratio?

But should this larger multiple be the final verdict of CZZ’s overvaluation. … This is because multiples like PE tend to overlook key company-specific factors such as future growth and capital structure … Below, I will lay out some important considerations to help determine which multiple best suits

Simply Wall St -

Only 2 Days Left To Cash In On Capilano Honey Limited (ASX:CZZ) Dividend, Is It Worth Buying?

If you are interested in cashing in on Capilano Honey Limited's (ASX:CZZ) upcoming dividend of AU$0.42 per share, you only have 2 days left to buy the shares before its ex-dividend date, 28 June 2018, in time for dividends payable on the 31 July 2018. … Is this future income stream a compelling catalyst for dividend investors to think about the stock as an investment today? … When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas:

Simply Wall St -

How Do Analysts See Capilano Honey Limited's (ASX:CZZ) Margin Performing In The Future?

Capilano Honey Limited (ASX:CZZ) to … earnings growth of 12.97% annualised … over the couple of years ahead,

Simply Wall St -

Company Info

Map
Description

Capilano Honey Limited packs and sells honey under the Capilano brand in Australia and internationally. It also exports its products. The company was founded in 1953 and is headquartered in Richlands, Australia.

Details
Name: Capilano Honey Limited
CZZ
Exchange: ASX
Founded: 1953
A$197,850,523
9,457,482
Website: http://www.capilanohoney.com.au
Address: Capilano Honey Limited
399 Archerfield Road,
Richlands,
Queensland, 4077,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX CZZ Ordinary Shares Australian Securities Exchange AU AUD 09. Jul 2012
OTCPK CPQH.F Ordinary Shares Pink Sheets LLC US USD 09. Jul 2012
CHIA CZZ Ordinary Shares Chi-X Australia AU AUD 09. Jul 2012
Number of employees
Current staff
Staff numbers
0
Capilano Honey employees.
Industry
Packaged Foods and Meats
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/12/05 08:59
End of day share price update: 2018/11/15 00:00
Last estimates confirmation: 2018/08/14
Last earnings filing: 2018/08/12
Last earnings reported: 2018/06/30
Last annual earnings reported: 2018/06/30


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.