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McPherson's

CHIA:MCP
Snowflake Description

Flawless balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MCP
CHIA
A$238M
Market Cap
  1. Home
  2. AU
  3. Household
Company description

McPherson's Limited provides health, wellness, and beauty products in Australia, New Zealand, Asia, and internationally. The last earnings update was 50 days ago. More info.


Add to Portfolio Compare Print
  • McPherson's has significant price volatility in the past 3 months.
MCP Share Price and Events
7 Day Returns
4.2%
CHIA:MCP
5.6%
AU Personal Products
4%
AU Market
1 Year Returns
105.5%
CHIA:MCP
-21.3%
AU Personal Products
-16.5%
AU Market
MCP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
McPherson's (MCP) 4.2% 33.9% -15.1% 105.5% 63.6% 83.7%
AU Personal Products 5.6% 1.8% -11.6% -21.3% -29% -2.5%
AU Market 4% -15.4% -23.5% -16.5% -14.5% -13.9%
1 Year Return vs Industry and Market
  • MCP outperformed the Personal Products industry which returned -21.3% over the past year.
  • MCP outperformed the Market in Australia which returned -16.5% over the past year.
Price Volatility
MCP
Industry
5yr Volatility vs Market

MCP Value

 Is McPherson's 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 McPherson's 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 McPherson's.

CHIA:MCP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in AUD A$ 0.10912
Payout Ratio Company Filings (2019-12-31) 5094.2%
Discount Rate (Cost of Equity) See below 5.4%
Perpetual Growth Rate 10-Year AU Government Bond Rate 1.1%

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

Calculation of Discount Rate/ Cost of Equity for CHIA:MCP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 1.1%
Equity Risk Premium S&P Global 5.4%
Personal Products Unlevered Beta Simply Wall St/ S&P Global 0.68
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.682 (1 + (1- 30%) (14.46%))
0.796
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)
= 1.08% + (0.8 * 5.44%)
5.43%

Discounted Cash Flow Calculation for CHIA:MCP using Dividend Discount Model Model

The calculations below outline how an intrinsic value for McPherson's is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

CHIA:MCP Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= A$0.11 / (5.43% - 1.08%)
A$2.49
CHIA:MCP Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in CHIA:MCP represents 0.99558x of ASX:MCP
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99558x
Value per Share
(Listing Adjusted, AUD)
= Value per Share (AUD) x Listing Adjustment Factor
= A$ 2.51 x 0.99558
A$2.50
Value per share (AUD) From above. A$2.50
Current discount Discount to share price of A$2.25
= -1 x (A$2.25 - A$2.50) / A$2.50
9.9%

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

Current Discount
Amount off the current price McPherson's is available for.
Intrinsic value
10%
Share price is A$2.25 vs Future cash flow value of A$2.5
Current Discount Checks
For McPherson's to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • McPherson's's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • McPherson's's share price is below the future cash flow value, but not 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 McPherson's's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are McPherson's's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
CHIA:MCP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in AUD A$0.13
ASX:MCP Share Price ** ASX (2020-04-08) in AUD A$2.26
Australia Personal Products Industry PE Ratio Median Figure of 5 Publicly-Listed Personal Products Companies 19.36x
Australia Market PE Ratio Median Figure of 515 Publicly-Listed Companies 13.35x

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

** Primary Listing of McPherson's.

CHIA:MCP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 2.26 ÷ 0.13

17.26x

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

  • McPherson's is good value based on earnings compared to the AU Personal Products industry average.
  • McPherson's is overvalued based on earnings compared to the Australia market.
Price based on expected Growth
Does McPherson's's expected growth come at a high price?
Raw Data
CHIA:MCP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.26x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
14.1%per year
Global Personal Products Industry PEG Ratio Median Figure of 70 Publicly-Listed Personal Products Companies 2.03x
Australia Market PEG Ratio Median Figure of 338 Publicly-Listed Companies 1.07x

*Line of best fit is calculated by linear regression .

CHIA:MCP PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 17.26x ÷ 14.1%

1.22x

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

  • McPherson's is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on McPherson's's assets?
Raw Data
CHIA:MCP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in AUD A$0.87
ASX:MCP Share Price * ASX (2020-04-08) in AUD A$2.26
Australia Personal Products Industry PB Ratio Median Figure of 11 Publicly-Listed Personal Products Companies 2.09x
Australia Market PB Ratio Median Figure of 1,613 Publicly-Listed Companies 1.31x
CHIA:MCP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 2.26 ÷ 0.87

2.59x

* Primary Listing of McPherson's.

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

  • McPherson's is overvalued based on assets compared to the AU Personal Products industry average.
X
Value checks
We assess McPherson's'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 Personal Products 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 Personal Products industry average (and greater than 0)? (1 check)
  5. McPherson's 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.

MCP Future Performance

 How is McPherson's 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
14.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is McPherson's expected to grow at an attractive rate?
  • McPherson's's earnings growth is expected to exceed the low risk savings rate of 1.1%.
Growth vs Market Checks
  • McPherson's's earnings growth is expected to exceed the Australia market average.
  • McPherson's's revenue growth is expected to exceed the Australia market average.
Annual Growth Rates Comparison
Raw Data
CHIA:MCP Future Growth Rates Data Sources
Data Point Source Value (per year)
CHIA:MCP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 14.1%
CHIA:MCP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 4.6%
Australia Personal Products Industry Earnings Growth Rate Market Cap Weighted Average 28.2%
Australia Personal Products Industry Revenue Growth Rate Market Cap Weighted Average 6.3%
Australia Market Earnings Growth Rate Market Cap Weighted Average 10.5%
Australia Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*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
CHIA:MCP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 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.
CHIA:MCP Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-06-30 235 21 19 3
2021-06-30 226 18 18 3
2020-06-30 215 17 15 3
2020-04-08
CHIA:MCP Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-12-31 210 23 14
2019-09-30 210 21 14
2019-06-30 210 20 14
2019-03-31 211 8 12
2018-12-31 211 -4 11
2018-09-30 211 1 11
2018-06-30 211 7 11
2018-03-31 207 14 10
2017-12-31 203 21 8
2017-09-30 208 23 4
2017-06-30 212 24 0
2017-03-31 235 33 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • McPherson's's earnings are expected to grow by 14.1% yearly, however this is not considered high growth (20% yearly).
  • McPherson's's revenue is expected to grow by 4.6% 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
CHIA:MCP 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 3 Analyst Estimates (S&P Global) See Below

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

CHIA:MCP Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-06-30 0.18 0.21 0.15 3.00
2021-06-30 0.17 0.18 0.14 3.00
2020-06-30 0.14 0.14 0.13 3.00
2020-04-08
CHIA:MCP Past Financials Data
Date (Data in AUD Millions) EPS *
2019-12-31 0.13
2019-09-30 0.13
2019-06-30 0.13
2019-03-31 0.12
2018-12-31 0.10
2018-09-30 0.11
2018-06-30 0.11
2018-03-31 0.09
2017-12-31 0.07
2017-09-30 0.04
2017-06-30 0.00
2017-03-31 -0.01

*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.
  • McPherson's is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess McPherson's'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.
McPherson's 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.

MCP Past Performance

  How has McPherson's 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 McPherson's's growth in the last year to its industry (Personal Products).
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.
  • McPherson's's year on year earnings growth rate has been positive over the past 5 years.
  • McPherson's's 1-year earnings growth exceeds its 5-year average (28.6% vs 8.9%)
  • McPherson's's earnings growth has exceeded the AU Personal Products industry average in the past year (28.6% vs -32%).
Earnings and Revenue History
McPherson's'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 McPherson's Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CHIA:MCP Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 209.89 13.91 65.71
2019-09-30 210.11 13.82 66.38
2019-06-30 210.34 13.72 67.05
2019-03-31 210.62 12.27 66.52
2018-12-31 210.90 10.81 66.11
2018-09-30 210.96 11.09 65.84
2018-06-30 211.02 11.36 65.57
2018-03-31 207.23 9.56 65.55
2017-12-31 203.44 7.76 65.52
2017-09-30 207.50 3.69 65.30
2017-06-30 211.57 -0.39 65.08
2017-03-31 235.41 -0.77 72.06
2016-12-31 259.25 -1.16 79.04
2016-09-30 286.13 4.92 85.66
2016-06-30 313.02 11.00 92.27
2016-03-31 323.02 10.31 93.75
2015-12-31 333.02 9.62 95.23
2015-09-30 341.31 9.23 98.05
2015-06-30 349.60 8.84 100.87
2015-03-31 353.33 10.59 102.45
2014-12-31 357.06 12.35 104.02
2014-09-30 354.89 -27.35 103.04
2014-06-30 352.72 -67.04 102.06
2014-03-31 340.09 -90.22 103.81
2013-12-31 326.76 -114.31 101.22
2013-09-30 313.01 -73.81 96.55
2013-06-30 299.26 -33.32 91.87

*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.
  • McPherson's has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • McPherson's used its assets more efficiently than the AU Personal Products industry average last year based on Return on Assets.
  • McPherson's has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess McPherson's'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 Personal Products 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.
McPherson's has a total score of 5/6, 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.

MCP Health

 How is McPherson's'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 McPherson's's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • McPherson's is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • McPherson's's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of McPherson's'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 3.5x 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 McPherson's Company Filings, last reported 3 months ago.

CHIA:MCP Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 93.36 24.46 4.82
2019-09-30 93.36 24.46 4.82
2019-06-30 96.53 17.94 13.41
2019-03-31 96.53 17.94 13.41
2018-12-31 94.27 27.11 7.63
2018-09-30 94.27 27.11 7.63
2018-06-30 90.02 18.45 8.61
2018-03-31 90.02 18.45 8.61
2017-12-31 86.87 41.29 10.44
2017-09-30 86.87 41.29 10.44
2017-06-30 88.49 43.86 6.58
2017-03-31 88.49 43.86 6.58
2016-12-31 93.51 55.53 13.57
2016-09-30 93.51 55.53 13.57
2016-06-30 104.49 68.95 16.49
2016-03-31 104.49 68.95 16.49
2015-12-31 107.30 111.09 16.65
2015-09-30 107.30 111.09 16.65
2015-06-30 98.74 90.49 11.28
2015-03-31 98.74 90.49 11.28
2014-12-31 108.28 81.35 11.91
2014-09-30 108.28 81.35 11.91
2014-06-30 92.77 80.63 4.12
2014-03-31 94.54 80.63 4.12
2013-12-31 98.12 96.10 1.79
2013-09-30 98.12 96.10 1.79
2013-06-30 169.09 73.27 1.67
  • McPherson's's level of debt (26.2%) 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 (75.3% vs 26.2% today).
  • Debt is well covered by operating cash flow (94.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 24.5x coverage).
X
Financial health checks
We assess McPherson's'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. McPherson's has a total score of 6/6, 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.

MCP Dividends

 What is McPherson's'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
4.42%
Current annual income from McPherson's dividends. Estimated to be 4.83% next year.
If you bought A$2,000 of McPherson's shares you are expected to receive A$88 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?
  • McPherson's's pays a higher dividend yield than the bottom 25% of dividend payers in Australia (3.01%).
  • McPherson's's dividend is below the markets top 25% of dividend payers in Australia (7.94%).
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
CHIA:MCP 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
Global Personal Products Industry Average Dividend Yield Market Cap Weighted Average of 140 Stocks 2.1%
Australia Market Average Dividend Yield Market Cap Weighted Average of 366 Stocks 5.3%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.7%
Australia Bottom 25% Dividend Yield 25th Percentile 3%
Australia Top 25% Dividend Yield 75th Percentile 7.9%

Industry and Market average data is calculated daily.

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

CHIA:MCP Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2022-06-30 0.12 3.00
2021-06-30 0.11 3.00
2020-06-30 0.10 3.00
2020-04-08
CHIA:MCP Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2019-08-14 0.100 4.329
2019-07-23 0.100 5.499
2018-08-21 0.085 6.524
2017-08-22 0.080 5.880
2016-08-22 0.080 6.794
2015-09-30 0.080 9.897
2015-08-24 0.080 12.409
2015-02-23 0.110 13.743
2014-09-30 0.100 8.228
2014-08-18 0.100 7.201
2013-10-21 0.170 13.308
2012-09-24 0.170 9.613
2012-08-20 0.170 9.128
2011-08-22 0.280 14.027
2011-02-23 0.240 7.599
2011-02-22 0.240 7.218
2010-08-24 0.200 6.539
2010-02-24 0.200 7.064
2009-09-28 0.000 0.000
2009-08-26 0.000 0.000

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of McPherson's's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.5x coverage).
X
Income/ dividend checks
We assess McPherson's'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 McPherson's afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. McPherson's has a total score of 3/6, see the detailed checks below.


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

MCP Management

 What is the CEO of McPherson's'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
Laurie McAllister
COMPENSATION A$1,105,331
TENURE AS CEO 3.4 years
CEO Bio

Mr. Laurie McAllister, also known as Laurie, has been Managing Director of McPherson's Limited since November 21, 2016 and serves as its Director. Mr. McAllister served as Managing Director at Sanofi-aventis Australia Pty Ltd. until December 31, 2015 and served as its Director from September 1, 2013 to December 31, 2015. Mr. McAllister served as the President of Nordics and the Chief Commercial & Marketing Officer for Japan, for the Coca-Cola Company. He has spent a considerable tenure working for the largest brand in the world, at Coca-Cola for 23 years and operating across more than 80 countries and hence brings strong consumer marketing and dynamic commercial experience to help support and drive the McPherson’s brands to the next stage of development and brand strength. This, coupled with managing New Product Development, M&A, Innovation and the R&D lab across Europe, Eurasia & Middle East and provide insight-based considerations to build on the ongoing product development pipeline, processes and team capabilities to evolve the portfolio. He has been a Director at Mcpherson's Consumer Products (NZ) Limited since November 21, 2016.

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

Average tenure of the McPherson's management team in years:

8.2
Average Tenure
  • The average tenure for the McPherson's management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Laurie McAllister

TITLE
MD & Director
COMPENSATION
A$1M
TENURE
3.4 yrs

Paul Witheridge

TITLE
CFO & Joint Company Secretary
COMPENSATION
A$451K
TENURE
8.3 yrs

Lori Pirozzi

TITLE
International Sales Director
COMPENSATION
A$297K

Donna Chan

TITLE
Marketing Director

Phil Bennett

TITLE
Joint Company Secretary
COMPENSATION
A$482K
TENURE
8.2 yrs

Sammy Chan

TITLE
Managing Director of McPherson's Hong Kong Limited
COMPENSATION
A$632K

David Fielding

TITLE
Director of Strategy

Mary Pearce

TITLE
R&D Director
Board of Directors Tenure

Average tenure of the McPherson's board of directors in years:

2.3
Average Tenure
  • The average tenure for the McPherson's board of directors is less than 3 years, this suggests a new board.
Board of Directors

Graham Cubbin

TITLE
Independent Chairman of the Board
COMPENSATION
A$165K
AGE
71
TENURE
4.8 yrs

Laurie McAllister

TITLE
MD & Director
COMPENSATION
A$1M

Jane McKellar

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

Grant Peck

TITLE
Independent Non-Executive Director
COMPENSATION
A$93K
TENURE
2.3 yrs

Geoff Pearce

TITLE
Independent Non-Executive Director
COMPENSATION
A$83K
TENURE
2.2 yrs

Alison Mew

TITLE
Independent Non-Executive Director
COMPENSATION
A$78K
AGE
61
TENURE
1.8 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by McPherson's individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
07. Apr 20 Sell Investors Mutual Limited Company 25. Feb 20 07. Apr 20 -1,675,000 A$1.50 A$-2,507,204
07. Apr 20 Buy Investors Mutual Limited Company 18. Mar 20 20. Mar 20 83,308 A$1.59 A$132,518
31. Mar 20 Buy Geoffrey Pearce Individual 31. Mar 20 31. Mar 20 20,000 A$1.95 A$39,053
26. Mar 20 Buy Graham Cubbin Individual 25. Mar 20 25. Mar 20 70,000 A$1.77 A$123,690
04. Mar 20 Buy Pie Funds Management Ltd Company 20. Feb 20 02. Mar 20 1,244,308 A$2.84 A$3,533,835
21. Feb 20 Buy Pie Funds Management Ltd Company 05. Feb 20 19. Feb 20 5,537,467 A$3.10 A$17,166,147
13. Feb 20 Sell Investors Mutual Limited Company 20. Jan 20 13. Feb 20 -2,028,308 A$2.83 A$-5,749,269
16. Jan 20 Sell Investors Mutual Limited Company 15. Aug 19 09. Jan 20 -1,690,000 A$2.70 A$-4,067,439
16. Jan 20 Buy Investors Mutual Limited Company 21. Mar 19 15. Apr 19 1,126,798 A$1.10 A$1,236,114
16. Dec 19 Sell Geoffrey Pearce Individual 10. Dec 19 10. Dec 19 -15,000 A$2.36 A$-35,400
X
Management checks
We assess McPherson's'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. McPherson's 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.

MCP News

Simply Wall St News

MCP Company Info

Description

McPherson's Limited provides health, wellness, and beauty products in Australia, New Zealand, Asia, and internationally. The company offers beauty care, hair care, skin care, and fragrance products; kitchen essentials, such as baking papers, cling wraps, and aluminum foils; and personal care items, including facial wipes, cotton pads, and foot comfort products. The company offers its products primarily under the owned brands, including Manicare, Lady Jayne, Dr. LeWinn’s, A'kin, Swisspers, Moosehead, Maseur, and Multix, as well as partnered brands, such as Karen Murrell and Dr Wolff. It serves supermarkets, discount department stores, department stores, pharmacies, and independent housewares stores. The company was founded in 1860 and is based in Kingsgrove, Australia.

Details
Name: McPherson's Limited
MCP
Exchange: CHIA
Founded: 1860
A$238,016,367
107,214,580
Website: http://www.mcphersons.com.au
Address: McPherson's Limited
105 Vanessa Street,
Kingsgrove,
New South Wales, 2208,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX MCP Ordinary Shares Australian Securities Exchange AU AUD 02. Jan 1992
DB M5C Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
CHIA MCP Ordinary Shares Chi-X Australia AU AUD 02. Jan 1992
Number of employees
Current staff
Staff numbers
0
McPherson's employees.
Industry
Personal Products
Household
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 10:57
End of day share price update: 2020/04/08 00:00
Last estimates confirmation: 2020/02/20
Last earnings filing: 2020/02/18
Last earnings reported: 2019/12/31
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.