Loading...

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

Wellard

ASX:WLD
Snowflake Description

Fair value with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
WLD
ASX
A$28M
Market Cap
  1. Home
  2. AU
  3. Food, Beverage & Tobacco
Company description

Wellard Limited primarily supplies live sheep and cattle to customers in the Middle East and Asia. The last earnings update was 16 days ago. More info.


Add to Portfolio Compare Print
  • Wellard has significant price volatility in the past 3 months.
WLD Share Price and Events
7 Day Returns
4%
ASX:WLD
-0.4%
AU Food
1.3%
AU Market
1 Year Returns
-20%
ASX:WLD
-10%
AU Food
9.9%
AU Market
WLD Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Wellard (WLD) 4% 2% 23.8% -20% -80.4% -
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
  • WLD underperformed the Food industry which returned -10% over the past year.
  • WLD underperformed the Market in Australia which returned 9.9% over the past year.
Price Volatility
WLD
Industry
5yr Volatility vs Market

Value

 Is Wellard 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 Wellard 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 Wellard.

ASX:WLD Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 12.5%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.3%

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

Calculation of Discount Rate/ Cost of Equity for ASX:WLD
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%) (398.52%))
1.705
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.71
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (1.705 * 5.96%)
12.48%

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

The calculations below outline how an intrinsic value for Wellard 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:WLD DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 12.48%)
2020 30.01 Est @ 93.57% 26.68
2021 49.87 Est @ 66.19% 39.42
2022 73.33 Est @ 47.03% 51.53
2023 97.97 Est @ 33.61% 61.22
2024 121.71 Est @ 24.22% 67.61
2025 143.19 Est @ 17.65% 70.72
2026 161.87 Est @ 13.05% 71.08
2027 177.78 Est @ 9.83% 69.40
2028 191.24 Est @ 7.57% 66.38
2029 202.70 Est @ 5.99% 62.55
Present value of next 10 years cash flows A$586.00
ASX:WLD DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= A$202.70 × (1 + 2.31%) ÷ (12.48% – 2.31%)
A$2,040.33
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$2,040.33 ÷ (1 + 12.48%)10
A$629.62
ASX:WLD Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$586.00 + A$629.62
A$1,215.62
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$1,215.62 / 531.25
A$2.29
ASX:WLD Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$2.29
Current discount Discount to share price of A$0.05
= -1 x (A$0.05 - A$2.29) / A$2.29
97.7%

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

Current Discount
Amount off the current price Wellard is available for.
Intrinsic value
>50%
Share price is A$0.05 vs Future cash flow value of A$2.29
Current Discount Checks
For Wellard to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Wellard's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Wellard'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 Wellard's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Wellard's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:WLD PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in AUD A$-0.09
ASX:WLD Share Price ** ASX (2019-10-10) in AUD A$0.05
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 Wellard.

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

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

= 0.05 ÷ -0.09

-0.59x

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

  • Wellard is loss making, we can't compare its value to the AU Food industry average.
  • Wellard is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does Wellard's expected growth come at a high price?
Raw Data
ASX:WLD PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.59x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
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 .

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

  • Unable to calculate PEG ratio for Wellard, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Wellard's assets?
Raw Data
ASX:WLD PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in AUD A$0.11
ASX:WLD Share Price * ASX (2019-10-10) in AUD A$0.05
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:WLD PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.05 ÷ 0.11

0.48x

* Primary Listing of Wellard.

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

  • Wellard is good value based on assets compared to the AU Food industry average.
X
Value checks
We assess Wellard'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. Wellard 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 Wellard expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Wellard has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
35.7%
Expected Food industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Wellard expected to grow at an attractive rate?
  • Unable to compare Wellard's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Wellard's earnings growth to the Australia market average as no estimate data is available.
  • Unable to compare Wellard's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:WLD Future Growth Rates Data Sources
Data Point Source Value (per year)
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:WLD Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:WLD Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
ASX:WLD Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-06-30 235 21 -47
2019-03-31 260 27 -36
2018-12-31 339 33 -26
2018-09-30 315 16 -31
2018-06-30 237 0 -35
2018-03-31 297 -6 -50
2017-12-31 357 -11 -65
2017-09-30 427 -16 -70
2017-06-30 498 -20 -75
2017-03-31 539 -27 -46
2016-12-31 580 -33 -17
2016-09-30 577 -27 -20

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Wellard is high growth as no earnings estimate data is available.
  • Unable to determine if Wellard is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:WLD 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 0 Analyst Estimates (S&P Global) See Below

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

ASX:WLD Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
ASX:WLD Past Financials Data
Date (Data in AUD Millions) EPS *
2019-06-30 -0.09
2019-03-31 -0.07
2018-12-31 -0.05
2018-09-30 -0.06
2018-06-30 -0.07
2018-03-31 -0.10
2017-12-31 -0.13
2017-09-30 -0.15
2017-06-30 -0.18
2017-03-31 -0.11
2016-12-31 -0.04
2016-09-30 -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.
  • Unable to establish if Wellard will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Wellard is trading at Wellard'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Wellard's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Food, Beverage & Tobacco companies here
  3. Wellard's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Wellard'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.
Wellard has a total score of 0/6, see the detailed checks below.

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

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

Past Performance

  How has Wellard 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 Wellard'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.
  • Wellard does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Wellard's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Wellard's 1-year growth to the AU Food industry average as it is not currently profitable.
Earnings and Revenue History
Wellard'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 Wellard Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:WLD Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 235.09 -46.99 22.08
2019-03-31 259.85 -35.74 22.03
2018-12-31 338.72 -25.82 27.83
2018-09-30 314.92 -31.13 29.26
2018-06-30 237.00 -35.10 24.85
2018-03-31 296.76 -49.87 31.20
2017-12-31 356.53 -64.63 37.56
2017-09-30 427.19 -69.98 41.55
2017-06-30 497.85 -75.34 45.53
2017-03-31 539.02 -46.36 33.65
2016-12-31 580.20 -17.38 21.77
2016-09-30 576.98 -20.35 29.28
2016-06-30 573.77 -23.32 36.80
2016-03-31 561.40 -20.99 47.31
2015-12-31 549.03 -18.65 57.82
2015-09-30 530.57 -9.43 47.26
2015-06-30 512.11 -0.20 36.70
2014-06-30 432.50 19.08 23.87
2013-06-30 273.38 -0.44 19.36

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Wellard has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Wellard has efficiently used its assets last year compared to the AU Food industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Wellard 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 Wellard'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.
Wellard has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

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

Health

 How is Wellard'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 Wellard's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Wellard's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Wellard's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Wellard'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 not covered by short term assets, assets are 0.7x 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 Wellard Company Filings, last reported 3 months ago.

ASX:WLD Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 57.80 80.51 7.42
2019-03-31 57.80 80.51 7.42
2018-12-31 108.92 98.88 13.44
2018-09-30 108.92 98.88 13.44
2018-06-30 101.50 101.63 8.30
2018-03-31 101.50 101.63 8.30
2017-12-31 122.07 100.52 12.16
2017-09-30 122.07 100.52 12.16
2017-06-30 131.20 120.84 33.03
2017-03-31 131.20 120.84 33.03
2016-12-31 172.72 137.92 15.02
2016-09-30 172.72 137.92 15.02
2016-06-30 188.76 129.75 31.93
2016-03-31 188.76 129.75 31.93
2015-12-31 188.78 127.65 16.92
2015-09-30 188.78 127.65 16.92
2015-06-30 124.20 203.75 18.18
2014-06-30
2013-06-30
  • Wellard's level of debt (139.3%) compared to net worth is high (greater than 40%).
  • Unable to establish if Wellard's debt level has increased without past 5-year debt data.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Wellard has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Wellard has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -112.4% per year.
X
Financial health checks
We assess Wellard'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. Wellard 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 Wellard'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 Wellard dividends.
If you bought A$2,000 of Wellard 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 Wellard's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Wellard'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:WLD Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
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:WLD Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts

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

  • Unable to perform a dividend volatility check as Wellard has not reported any payouts.
  • Unable to verify if Wellard's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Wellard's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Wellard has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Wellard'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 Wellard afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Wellard has a total score of 0/6, 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 Wellard'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.
  • Wellard has no CEO, or we have no data on them.
Management Team Tenure

Average tenure of the Wellard management team in years:

6.8
Average Tenure
  • The average tenure for the Wellard management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

John Klepec

TITLE
Executive Chairman
COMPENSATION
A$630K

John Stevenson

TITLE
CFO & Executive Director
COMPENSATION
A$522K
TENURE
2.9 yrs

Kanda Lu

TITLE
Business Development Manager - China & Executive Director
COMPENSATION
A$183K

Paolo Triglia

TITLE
Managing Director of Wellard Ships Pte Ltd
COMPENSATION
A$538K
TENURE
10.8 yrs

Michael Silbert

TITLE
General Counsel & Company Secretary

Cynthea Pickrell

TITLE
Group Financial Controller

Alessandro Polacco

TITLE
Executive Director of Wellard Ships
TENURE
10.8 yrs

Brendan Wade

TITLE
Livestock Network Development Manager
TENURE
2.9 yrs

Paolo Bianchi

TITLE
Managing Director of WellTech Marine Pte Ltd
Board of Directors Tenure

Average tenure of the Wellard board of directors in years:

2
Average Tenure
  • The average tenure for the Wellard board of directors is less than 3 years, this suggests a new board.
Board of Directors

John Klepec

TITLE
Executive Chairman
COMPENSATION
A$630K
TENURE
1.5 yrs

John Stevenson

TITLE
CFO & Executive Director
COMPENSATION
A$522K
TENURE
1.2 yrs

Kanda Lu

TITLE
Business Development Manager - China & Executive Director
COMPENSATION
A$183K
TENURE
2.4 yrs

Philip Clausius

TITLE
Independent Non-Executive Director
COMPENSATION
A$135K
AGE
51
TENURE
3.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
X
Management checks
We assess Wellard'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. Wellard 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

Introducing Wellard (ASX:WLD), The Stock That Tanked 90%

Wellard Limited (ASX:WLD) shareholders will doubtless be very grateful to see the share price up 67% in the last month. … Check out our latest analysis for Wellard Given that Wellard didn't make a profit in the last twelve months, we'll focus on revenue growth to form a quick view of its business development. … And as you might expect the share price has been weak too, dropping at a rate of 54% per year.

Simply Wall St -

Introducing Wellard (ASX:WLD), The Stock That Tanked 94%

Because Wellard is loss-making, we think the market is probably more focussed on revenue and revenue growth, at least for now. … When a company doesn't make profits, we'd generally expect to see good revenue growth. … There is a good reason that investors often describe buying a sharply falling stock price as 'trying to catch a falling knife'

Simply Wall St -

What You Must Know About Wellard Limited's (ASX:WLD) Beta Value

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.

Simply Wall St -

Is Wellard Limited's (ASX:WLD) Balance Sheet A Threat To Its Future?

Wellard Limited (ASX:WLD) is a small-cap stock with a market capitalization of AU$29m. … 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.

Simply Wall St -

Is There An Opportunity With Wellard Limited's (ASX:WLD) 37.35% Undervaluation?

by estimating the company's future cash flows and discounting them to their present value. … Discounted Cash Flows (DCF). … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model

Simply Wall St -

Analysts Expect Breakeven For Wellard Limited (ASX:WLD)

The AU$53.13m market-cap posted a loss in its most recent financial year of -AU$75.34m and a latest trailing-twelve-month loss of -AU$64.88m shrinking the gap between loss and breakeven. … As path to profitability is the topic on WLD’s investors mind, I’ve decided to gauge market sentiment. … In this article, I will touch on the expectations for WLD’s growth and when analysts expect the company to become profitable

Simply Wall St -

Wellard Limited (ASX:WLD): Time For A Financial Health Check

With this debt payback, WLD's cash and short-term investments stands at A$33.0M , ready to deploy into the business. … With a high level of debt on its balance sheet, WLD could still be in a financially strong position if its cash flow also stacked up. … WLD's high debt levels along with low cash coverage of debt as well as low liquidity coverage of near-term commitments may not build the strongest investment case.

Simply Wall St -

Company Info

Description

Wellard Limited primarily supplies live sheep and cattle to customers in the Middle East and Asia. It operates through Trading and Chartering, and Other segments. The Trading and Chartering segment engages in the business of livestock marketing; buying livestock from various sources for export to buyers in international markets; and logistics and transportation activities for the delivery of livestock, which include the carriage of cargo owned by third parties through its vessels. The Other segment processes and distributes meat. The company is headquartered in Fremantle, Australia.

Details
Name: Wellard Limited
WLD
Exchange: ASX
Founded:
A$27,625,016
531,250,312
Website: http://www.wellard.com.au
Address: Wellard Limited
1A Pakenham Street,
Fremantle,
Western Australia, 6160,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX WLD Ordinary Shares Australian Securities Exchange AU AUD 10. Dec 2015
DB 24Q Ordinary Shares Deutsche Boerse AG DE EUR 10. Dec 2015
CHIA WLD Ordinary Shares Chi-X Australia AU AUD 10. Dec 2015
Number of employees
Current staff
Staff numbers
192
Wellard 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: 2019/10/10 00:00
Last estimates confirmation: 2018/08/20
Last earnings filing: 2019/09/27
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.