Loading...

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

Huon Aquaculture Group

ASX:HUO
Snowflake Description

Reasonable growth potential and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HUO
ASX
A$386M
Market Cap
  1. Home
  2. AU
  3. Food, Beverage & Tobacco
Company description

Huon Aquaculture Group Limited, together with its subsidiaries, hatches, farms, processes, markets, and sells Atlantic salmon and ocean trout in Australia. The last earnings update was 46 days ago. More info.


Add to Portfolio Compare Print
HUO Share Price and Events
7 Day Returns
-0.5%
ASX:HUO
-0.4%
AU Food
1.3%
AU Market
1 Year Returns
-8.3%
ASX:HUO
-10%
AU Food
9.9%
AU Market
HUO Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Huon Aquaculture Group (HUO) -0.5% 0.7% -6.6% -8.3% 18.5% -
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
  • HUO outperformed the Food industry which returned -10% over the past year.
  • HUO underperformed the Market in Australia which returned 9.9% over the past year.
Price Volatility
HUO
Industry
5yr Volatility vs Market

Value

 Is Huon Aquaculture Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Huon Aquaculture Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Huon Aquaculture Group.

ASX:HUO Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 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:HUO
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%) (37.19%))
0.787
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:HUO using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Huon Aquaculture Group 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:HUO DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 7.08%)
2020 -3.60 Analyst x1 -3.36
2021 15.10 Analyst x1 13.17
2022 28.50 Analyst x1 23.21
2023 39.99 Est @ 40.3% 30.41
2024 51.54 Est @ 28.91% 36.61
2025 62.33 Est @ 20.93% 41.35
2026 71.89 Est @ 15.34% 44.54
2027 80.11 Est @ 11.43% 46.35
2028 87.08 Est @ 8.7% 47.05
2029 92.99 Est @ 6.78% 46.92
Present value of next 10 years cash flows A$326.00
ASX:HUO DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= A$92.99 × (1 + 2.31%) ÷ (7.08% – 2.31%)
A$1,995.34
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$1,995.34 ÷ (1 + 7.08%)10
A$1,006.78
ASX:HUO Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$326.00 + A$1,006.78
A$1,332.78
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$1,332.78 / 87.34
A$15.26
ASX:HUO Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$15.26
Current discount Discount to share price of A$4.42
= -1 x (A$4.42 - A$15.26) / A$15.26
71%

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

Current Discount
Amount off the current price Huon Aquaculture Group is available for.
Intrinsic value
>50%
Share price is A$4.42 vs Future cash flow value of A$15.26
Current Discount Checks
For Huon Aquaculture Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Huon Aquaculture Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Huon Aquaculture Group'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 Huon Aquaculture Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Huon Aquaculture Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:HUO PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in AUD A$0.11
ASX:HUO Share Price ** ASX (2019-10-11) in AUD A$4.42
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 Huon Aquaculture Group.

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

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

= 4.42 ÷ 0.11

40.84x

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

  • Huon Aquaculture Group is overvalued based on earnings compared to the AU Food industry average.
  • Huon Aquaculture Group is overvalued based on earnings compared to the Australia market.
Price based on expected Growth
Does Huon Aquaculture Group's expected growth come at a high price?
Raw Data
ASX:HUO PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 40.84x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
37.6%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:HUO PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 40.84x ÷ 37.6%

1.09x

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

  • Huon Aquaculture Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Huon Aquaculture Group's assets?
Raw Data
ASX:HUO PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in AUD A$3.60
ASX:HUO Share Price * ASX (2019-10-11) in AUD A$4.42
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:HUO PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 4.42 ÷ 3.60

1.23x

* Primary Listing of Huon Aquaculture Group.

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

  • Huon Aquaculture Group is good value based on assets compared to the AU Food industry average.
X
Value checks
We assess Huon Aquaculture Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the 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. Huon Aquaculture Group has a total score of 3/6, see the detailed checks below.

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

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

Future Performance

 How is Huon Aquaculture Group expected to perform in the next 1 to 3 years based on estimates from 4 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
37.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Huon Aquaculture Group expected to grow at an attractive rate?
  • Huon Aquaculture Group's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Huon Aquaculture Group's earnings growth is expected to exceed the Australia market average.
  • Huon Aquaculture Group's revenue growth is expected to exceed the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:HUO Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:HUO Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 37.6%
ASX:HUO Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 12.6%
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:HUO Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:HUO Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-06-30 481 80 77 1
2022-06-30 436 75 57 3
2021-06-30 407 58 47 3
2020-06-30 357 47 28 3
2019-10-13
ASX:HUO Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-06-30 282 14 9
2019-03-31 283 24 17
2018-12-31 284 33 25
2018-09-30 301 46 26
2018-06-30 318 58 26
2018-03-31 307 57 32
2017-12-31 297 56 38
2017-09-30 278 55 40
2017-06-30 260 54 42
2017-03-31 248 37 39
2016-12-31 236 20 36
2016-09-30 235 18 20

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Huon Aquaculture Group's earnings are expected to grow significantly at over 20% yearly.
  • Huon Aquaculture Group's revenue is expected to grow by 12.6% 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:HUO 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 4 Analyst Estimates (S&P Global) See Below

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

ASX:HUO Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-06-30
2022-06-30 0.64 0.83 0.46 2.00
2021-06-30 0.51 0.72 0.31 2.00
2020-06-30 0.24 0.34 0.14 2.00
2019-10-13
ASX:HUO Past Financials Data
Date (Data in AUD Millions) EPS *
2019-06-30 0.11
2019-03-31 0.20
2018-12-31 0.29
2018-09-30 0.30
2018-06-30 0.30
2018-03-31 0.37
2017-12-31 0.44
2017-09-30 0.46
2017-06-30 0.48
2017-03-31 0.45
2016-12-31 0.41
2016-09-30 0.23

*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.
  • Huon Aquaculture Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Huon Aquaculture Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Huon Aquaculture Group has a total score of 4/6, 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 Huon Aquaculture Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Huon Aquaculture Group'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.
  • Huon Aquaculture Group's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Huon Aquaculture Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Huon Aquaculture Group's 1-year earnings growth is negative, it can't be compared to the AU Food industry average.
Earnings and Revenue History
Huon Aquaculture Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

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

ASX:HUO Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 281.96 9.45 82.82
2019-03-31 282.80 17.30 81.02
2018-12-31 284.01 25.15 79.23
2018-09-30 301.13 25.77 77.99
2018-06-30 317.90 26.39 76.75
2018-03-31 307.25 32.34 74.20
2017-12-31 296.60 38.29 71.65
2017-09-30 278.12 40.23 69.91
2017-06-30 259.65 42.16 68.17
2017-03-31 248.07 39.18 67.12
2016-12-31 236.50 36.20 66.06
2016-09-30 235.31 19.82 65.60
2016-06-30 234.13 3.43 65.13
2016-03-31 229.60 -3.62 64.98
2015-12-31 225.08 -10.66 64.83
2015-09-30 208.89 2.97 61.90
2015-06-30 192.71 16.60 58.97
2015-03-31 192.89 26.54 57.29
2014-12-31 193.08 36.47 55.62
2014-09-30 190.90 35.14 53.55
2014-06-30 188.73 33.80 51.48
2013-06-30 152.63 13.54 44.54

*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.
  • Huon Aquaculture Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Huon Aquaculture Group used its assets less efficiently than the AU Food industry average last year based on Return on Assets.
  • Huon Aquaculture Group has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Huon Aquaculture Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the 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.
Huon Aquaculture Group 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 Huon Aquaculture Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Huon Aquaculture Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Huon Aquaculture Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Huon Aquaculture Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Huon Aquaculture Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.9x 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 Huon Aquaculture Group Company Filings, last reported 3 months ago.

ASX:HUO Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 314.12 143.57 2.61
2019-03-31 314.12 143.57 2.61
2018-12-31 333.37 133.96 4.52
2018-09-30 333.37 133.96 4.52
2018-06-30 311.71 84.12 2.79
2018-03-31 311.71 84.12 2.79
2017-12-31 316.68 74.76 7.42
2017-09-30 316.68 74.76 7.42
2017-06-30 293.22 66.00 23.00
2017-03-31 293.22 66.00 23.00
2016-12-31 282.48 74.75 20.96
2016-09-30 282.48 74.75 20.96
2016-06-30 250.77 65.86 3.79
2016-03-31 250.77 65.86 3.79
2015-12-31 245.90 57.87 10.81
2015-09-30 245.90 57.87 10.81
2015-06-30 247.09 46.78 13.80
2015-03-31 247.09 46.78 13.80
2014-12-31 256.43 48.27 60.35
2014-09-30 256.43 48.27 60.35
2014-06-30 109.92 66.54 2.22
2013-06-30 77.13 63.02 1.78
  • Huon Aquaculture Group's level of debt (45.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (59.6% vs 45.7% today).
  • Debt is not well covered by operating cash flow (10.1%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.5x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Huon Aquaculture Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Huon Aquaculture Group has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

Dividends

 What is Huon Aquaculture Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.36%
Current annual income from Huon Aquaculture Group dividends. Estimated to be 2.57% next year.
If you bought A$2,000 of Huon Aquaculture Group shares you are expected to receive A$27 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?
  • Huon Aquaculture Group's pays a lower dividend yield than the bottom 25% of dividend payers in Australia (2.5%).
  • Huon Aquaculture Group's dividend is below the markets top 25% of dividend payers in Australia (5.6%).
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:HUO 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 4 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:HUO Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2023-06-30
2022-06-30 0.15 4.00
2021-06-30 0.12 4.00
2020-06-30 0.08 4.00
2019-10-13
ASX:HUO Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2019-08-28 0.060 1.339
2019-02-21 0.060 1.298
2018-08-14 0.100 2.147
2018-02-20 0.100 2.187
2017-08-23 0.100 2.089

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

  • Huon Aquaculture Group is not paying a notable dividend for Australia, therefore no need to check if the payments are stable.
  • Huon Aquaculture Group is not paying a notable dividend for Australia, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Huon Aquaculture Group's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Huon Aquaculture Group's dividends as it is not paying a notable one for Australia.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.3x coverage).
X
Income/ dividend checks
We assess Huon Aquaculture Group'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 Huon Aquaculture Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Huon Aquaculture Group has a total score of 1/6, see the detailed checks below.


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

Management

 What is the CEO of Huon Aquaculture Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Peter Bender
COMPENSATION A$921,343
CEO Bio

Mr. Peter Bender serves as Managing Director and Chief Executive Officer of Huon Aquaculture Group Limited. Mr. Bender serves as the Managing Director of Huon Aquaculture Company Pty Ltd. He is the Founder of Huon with over 28 years' experience in fish farming operations. He is responsible for the leadership, operations and strategic direction of Huon and has always been committed to delivering high quality salmon that is raised responsibly. He sets business strategy and leads the executive team to deliver growth. Prior to founding Huon, he established with a partner the largest trellised apricot orchard in Tasmania and ran several other small businesses. He is well recognized for farming innovation both in Australia and internationally and his extensive knowledge of aquaculture coupled with a strong continuous improvement ethic is the foundation on which Huon's success is built. He has a strong background in land-based farm management. He was named E&Y's Entrepreneur of the Year in the Retail, Consumer and Industrial Products category within the Southern Region division (CY2007). He serves as a Director of the TSGA and Salmon Enterprises of Tasmania Pty Ltd. He has been an Executive Director at Huon Aquaculture Group Limited since May 26, 2005.

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

Peter Bender

TITLE
MD, CEO & Executive Director
COMPENSATION
A$921K

Tom Haselgrove

TITLE
CFO & Company Secretary
COMPENSATION
A$352K

Frances Bender

TITLE
Non-Independent Executive Director
COMPENSATION
A$215K

Philip Wiese

TITLE
Deputy Chief Executive Officer
COMPENSATION
A$624K

David Mitchell

TITLE
General Manager of Fresh Water Operations
COMPENSATION
A$334K

Charles Hughes

TITLE
General Manager of Commercial & Planning
COMPENSATION
A$327K

Callan Paske

TITLE
General Manager Sales & Marketing
TENURE
0.8 yrs
Board of Directors Tenure

Average tenure of the Huon Aquaculture Group board of directors in years:

5.2
Average Tenure
  • The tenure for the Huon Aquaculture Group board of directors is about average.
Board of Directors

Neil Kearney

TITLE
Non Executive Chairman
COMPENSATION
A$160K
TENURE
3.2 yrs

Peter Bender

TITLE
MD, CEO & Executive Director
COMPENSATION
A$921K
TENURE
14.4 yrs

Frances Bender

TITLE
Non-Independent Executive Director
COMPENSATION
A$215K
TENURE
14.4 yrs

Simon Lester

TITLE
Independent Non-Executive Director
COMPENSATION
A$100K
TENURE
5.2 yrs

Tony Dynon

TITLE
Independent Non-Executive Director
COMPENSATION
A$100K
AGE
66
TENURE
3.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
05. Dec 18 Buy Regal Funds Management Pty Limited Company 15. Aug 18 03. Dec 18 3,177,839 A$4.60 A$14,321,120
20. Nov 18 Buy Peter Bender Individual 16. Nov 18 16. Nov 18 62,496 A$4.62 A$288,871
X
Management checks
We assess Huon Aquaculture Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Huon Aquaculture Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

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

News

Simply Wall St News

Did Huon Aquaculture Group Limited (ASX:HUO) Insiders Buy Up More Shares?

So shareholders might well want to know whether insiders have been buying or selling shares in Huon Aquaculture Group Limited (ASX:HUO). … Check out our latest analysis for Huon Aquaculture Group The Last 12 Months Of Insider Transactions At Huon Aquaculture Group In the last twelve months, the biggest single purchase by an insider was when MD, CEO & Executive Director Peter Bender bought AU$289k worth of shares at a price of AU$4.62 per share. … ASX:HUO Recent Insider Trading, September 4th 2019 Does Huon Aquaculture Group Boast High Insider Ownership?

Simply Wall St -

Huon Aquaculture Group (ASX:HUO) Has A Somewhat Strained Balance Sheet

ASX:HUO Historical Debt, August 20th 2019 A Look At Huon Aquaculture Group's Liabilities We can see from the most recent balance sheet that Huon Aquaculture Group had liabilities of AU$86.3m falling due within a year, and liabilities of AU$200.3m due beyond that. … But ultimately the future profitability of the business will decide if Huon Aquaculture Group can strengthen its balance sheet over time. … Our View To be frank both Huon Aquaculture Group's conversion of EBIT to free cash flow and its track record of (not) growing its EBIT make us rather uncomfortable with its debt levels.

Simply Wall St -

What Kind Of Shareholders Own Huon Aquaculture Group Limited (ASX:HUO)?

Huon Aquaculture Group is a smaller company with a market capitalization of AU$393m, so it may still be flying under the radar of many institutional investors. … Check out our latest analysis for Huon Aquaculture Group ASX:HUO Ownership Summary, August 10th 2019 What Does The Institutional Ownership Tell Us About Huon Aquaculture Group? … Insider Ownership Of Huon Aquaculture Group The definition of company insiders can be subjective, and does vary between jurisdictions.

Simply Wall St -

Is Huon Aquaculture Group Limited (ASX:HUO) Expensive For A Reason? A Look At Its Intrinsic Value

In this article we are going to estimate the intrinsic value of Huon Aquaculture Group Limited (ASX:HUO) by estimating the company's future cash flows and discounting them to their present value. … A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we need to discount the sum of these future cash flows to arrive at a present value estimate: 10-year free cash flow (FCF) forecast 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Levered FCF (A$, Millions) A$12.0m A$13.2m A$14.2m A$15.0m A$15.7m A$16.4m A$16.9m A$17.5m A$18.0m A$18.5m Growth Rate Estimate Source Analyst x1 Analyst x1 Est @ 7.36% Est @ 5.85% Est @ 4.79% Est @ 4.05% Est @ 3.53% Est @ 3.16% Est @ 2.91% Est @ 2.73% Present Value (A$, Millions) Discounted @ 7.08% A$11.2 A$11.5 A$11.5 A$11.4 A$11.2 A$10.8 A$10.5 A$10.1 A$9.7 A$9.3 ("Est" = FCF growth rate estimated by Simply Wall St) Present Value of 10-year Cash Flow (PVCF)= A$107.3m The second stage is also known as Terminal Value, this is the business's cash flow after the first stage. … ASX:HUO Intrinsic value, July 29th 2019 Important assumptions Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows.

Simply Wall St -

Should Huon Aquaculture Group (ASX:HUO) Be Disappointed With Their 27% Profit?

To wit, Huon Aquaculture Group Limited (ASX:HUO) shares are up 27% in three years, besting the market return. … During three years of share price growth, Huon Aquaculture Group moved from a loss to profitability. … As it happens, Huon Aquaculture Group's TSR for the last 3 years was 33%, which exceeds the share price return mentioned earlier.

Simply Wall St -

Here's What Huon Aquaculture Group Limited's (ASX:HUO) P/E Ratio Is Telling Us

The formula for price to earnings is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for Huon Aquaculture Group: P/E of 15.73 = A$4.53 ÷ A$0.29 (Based on the trailing twelve months to December 2018.) Is A High P/E Ratio Good? … Huon Aquaculture Group saw earnings per share decrease by 34% last year. … ASX:HUO Price Estimation Relative to Market, June 17th 2019 Its relatively low P/E ratio indicates that Huon Aquaculture Group shareholders think it will struggle to do as well as other companies in its industry classification.

Simply Wall St -

How Do Huon Aquaculture Group Limited’s (ASX:HUO) Returns On Capital Compare To Peers?

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 Huon Aquaculture Group: 0.056 = AU$30m ÷ (AU$620m - AU$86m) (Based on the trailing twelve months to December 2018.) So, Huon Aquaculture Group has an ROCE of 5.6%. … Huon Aquaculture Group's Current Liabilities And Their Impact On Its ROCE Current liabilities include invoices, such as supplier payments, short-term debt, or a tax bill, that need to be paid within 12 months. … Due to the way ROCE is calculated, a high level of current liabilities makes a company look as though it has less capital employed, and thus can (sometimes unfairly) boost the ROCE.

Simply Wall St -

How Much Of Huon Aquaculture Group Limited (ASX:HUO) Do Insiders Own?

A look at the shareholders of Huon Aquaculture Group Limited (ASX:HUO) can tell us which group is most powerful. … As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.'. … Huon Aquaculture Group is not a large company by global standards.

Simply Wall St -

Is Huon Aquaculture Group Limited's (ASX:HUO) Growth Strong Enough To Justify Its April Share Price?

Looking at Huon Aquaculture Group Limited’s (ASX:HUO) fundamentals some investors are wondering if its last closing price of A$4.76 represents a good value for money for this high growth stock. … Check out our latest analysis for Huon Aquaculture Group? … Huon Aquaculture Group is poised for significantly high earnings growth in the near future

Simply Wall St -

Read This Before Selling Huon Aquaculture Group Limited (ASX:HUO) Shares

So shareholders might well want to know whether insiders have been buying or selling shares in Huon Aquaculture Group Limited (ASX:HUO). … The Last 12 Months Of Insider Transactions At Huon Aquaculture Group. … Generally speaking, it catches our eye when an insider has purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price

Simply Wall St -

Company Info

Description

Huon Aquaculture Group Limited, together with its subsidiaries, hatches, farms, processes, markets, and sells Atlantic salmon and ocean trout in Australia. It also exports its products. The company was founded in 1986 and is headquartered in Dover, Australia. Huon Aquaculture Group Limited is a subsidiary of Surveyors Investments Pty Ltd.

Details
Name: Huon Aquaculture Group Limited
HUO
Exchange: ASX
Founded: 1986
A$386,030,454
87,337,207
Website: http://www.huonaqua.com.au
Address: Huon Aquaculture Group Limited
PO Box 42,
Dover,
Tasmania, 7117,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX HUO Ordinary Shares Australian Securities Exchange AU AUD 23. Oct 2014
DB 3HA Ordinary Shares Deutsche Boerse AG DE EUR 23. Oct 2014
CHIA HUO Ordinary Shares Chi-X Australia AU AUD 23. Oct 2014
Number of employees
Current staff
Staff numbers
665
Huon Aquaculture Group 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 10:47
End of day share price update: 2019/10/11 00:00
Last estimates confirmation: 2019/09/23
Last earnings filing: 2019/08/28
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.