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Pacific Star Network

ASX:PNW
Snowflake Description

Excellent balance sheet with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PNW
ASX
A$55M
Market Cap
  1. Home
  2. AU
  3. Media
Company description

Pacific Star Network Limited engages in broadcasting and publishing business in Australia. The last earnings update was 78 days ago. More info.


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PNW Share Price and Events
7 Day Returns
0%
ASX:PNW
1.8%
AU Media
0.3%
AU Market
1 Year Returns
-10%
ASX:PNW
-5.2%
AU Media
17.3%
AU Market
PNW Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Pacific Star Network (PNW) 0% 8% -10% -10% -12.9% -20.6%
AU Media 1.8% 4.3% -8.4% -5.2% -12.8% -30.9%
AU Market 0.3% -1% -0.1% 17.3% 17.5% 25%
1 Year Return vs Industry and Market
  • PNW underperformed the Media industry which returned -5.2% over the past year.
  • PNW underperformed the Market in Australia which returned 17.3% over the past year.
Price Volatility
PNW
Industry
5yr Volatility vs Market

Value

 Is Pacific Star Network 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 Pacific Star Network 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 Pacific Star Network.

ASX:PNW 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 6%
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 ASX:PNW
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 1.1%
Equity Risk Premium S&P Global 5.4%
Media Unlevered Beta Simply Wall St/ S&P Global 0.76
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.765 (1 + (1- 30%) (15.28%))
0.897
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.9
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.08% + (0.897 * 5.44%)
5.96%

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

The calculations below outline how an intrinsic value for Pacific Star Network 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:PNW DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 5.96%)
2020 0.60 Est @ 5.5% 0.56
2021 0.62 Est @ 4.17% 0.55
2022 0.64 Est @ 3.25% 0.54
2023 0.66 Est @ 2.6% 0.52
2024 0.67 Est @ 2.14% 0.50
2025 0.68 Est @ 1.82% 0.48
2026 0.69 Est @ 1.6% 0.46
2027 0.70 Est @ 1.44% 0.44
2028 0.71 Est @ 1.33% 0.42
2029 0.72 Est @ 1.26% 0.41
Present value of next 10 years cash flows A$4.00
ASX:PNW DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= A$0.72 × (1 + 1.08%) ÷ (5.96% – 1.08%)
A$14.97
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$14.97 ÷ (1 + 5.96%)10
A$8.39
ASX:PNW Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$4.00 + A$8.39
A$12.39
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$12.39 / 204.83
A$0.06
ASX:PNW Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$0.06
Current discount Discount to share price of A$0.27
= -1 x (A$0.27 - A$0.06) / A$0.06
-346.2%

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

  • The current share price of Pacific Star Network is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Pacific Star Network's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Pacific Star Network's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:PNW PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in AUD A$0.01
ASX:PNW Share Price ** ASX (2019-12-06) in AUD A$0.27
Australia Media Industry PE Ratio Median Figure of 9 Publicly-Listed Media Companies 13.22x
Australia Market PE Ratio Median Figure of 519 Publicly-Listed Companies 18.31x

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

** Primary Listing of Pacific Star Network.

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

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

= 0.27 ÷ 0.01

18.74x

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

  • Pacific Star Network is overvalued based on earnings compared to the AU Media industry average.
  • Pacific Star Network is overvalued based on earnings compared to the Australia market.
Price based on expected Growth
Does Pacific Star Network's expected growth come at a high price?
Raw Data
ASX:PNW PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 18.74x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Australia Media Industry PEG Ratio Median Figure of 7 Publicly-Listed Media Companies 1.1x
Australia Market PEG Ratio Median Figure of 349 Publicly-Listed Companies 1.54x

*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 Pacific Star Network, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Pacific Star Network's assets?
Raw Data
ASX:PNW PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in AUD A$0.22
ASX:PNW Share Price * ASX (2019-12-06) in AUD A$0.27
Australia Media Industry PB Ratio Median Figure of 19 Publicly-Listed Media Companies 1.44x
Australia Market PB Ratio Median Figure of 1,588 Publicly-Listed Companies 1.67x
ASX:PNW PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.27 ÷ 0.22

1.24x

* Primary Listing of Pacific Star Network.

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

  • Pacific Star Network is good value based on assets compared to the AU Media industry average.
X
Value checks
We assess Pacific Star Network'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 Media 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 Media industry average (and greater than 0)? (1 check)
  5. Pacific Star Network has a total score of 1/6, see the detailed checks below.

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

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

Future Performance

 How is Pacific Star Network 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 Pacific Star Network 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
21.3%
Expected Media industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Pacific Star Network expected to grow at an attractive rate?
  • Unable to compare Pacific Star Network's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Pacific Star Network's earnings growth to the Australia market average as no estimate data is available.
  • Unable to compare Pacific Star Network's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:PNW Future Growth Rates Data Sources
Data Point Source Value (per year)
Australia Media Industry Earnings Growth Rate Market Cap Weighted Average 21.3%
Australia Media Industry Revenue Growth Rate Market Cap Weighted Average 5.2%
Australia Market Earnings Growth Rate Market Cap Weighted Average 9.3%
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:PNW Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 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:PNW Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
ASX:PNW Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-06-30 67 3 3
2019-03-31 60 0 0
2018-12-31 58 -2 -2
2018-09-30 45 -3 -2
2018-06-30 28 -4 -3
2018-03-31 23 -1 -3
2017-12-31 19 2 -3
2017-09-30 20 1 -5
2017-06-30 22 1 -7
2017-03-31 22 1 -6
2016-12-31 22 1 -4
2016-09-30 23 1 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Pacific Star Network is high growth as no earnings estimate data is available.
  • Unable to determine if Pacific Star Network 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:PNW Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

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

ASX:PNW Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
ASX:PNW Past Financials Data
Date (Data in AUD Millions) EPS *
2019-06-30 0.01
2019-03-31 0.00
2018-12-31 -0.01
2018-09-30 -0.02
2018-06-30 -0.03
2018-03-31 -0.04
2017-12-31 -0.05
2017-09-30 -0.07
2017-06-30 -0.10
2017-03-31 -0.08
2016-12-31 -0.05
2016-09-30 -0.02

*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 Pacific Star Network will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Pacific Star Network's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Pacific Star Network'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 Media companies here
  3. Pacific Star Network'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 Pacific Star Network'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.
Pacific Star Network 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 Pacific Star Network 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 Pacific Star Network's growth in the last year to its industry (Media).
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.
  • Pacific Star Network's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Pacific Star Network has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Pacific Star Network has become profitable in the last year making it difficult to compare the AU Media industry average.
Earnings and Revenue History
Pacific Star Network'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 Pacific Star Network Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:PNW 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 67.01 2.92 35.53
2019-03-31 60.02 0.29 31.00
2018-12-31 57.98 -1.79 29.61
2018-09-30 45.42 -2.39 22.68
2018-06-30 27.92 -3.34 12.45
2018-03-31 23.34 -3.35 9.87
2017-12-31 18.76 -3.36 7.29
2017-09-30 20.43 -5.35 8.40
2017-06-30 22.09 -7.34 9.50
2017-03-31 22.18 -5.58 9.71
2016-12-31 22.28 -3.82 9.91
2016-09-30 23.13 -1.37 9.83
2016-06-30 23.98 1.09 9.75
2016-03-31 24.32 0.94 9.96
2015-12-31 24.67 0.79 10.18
2015-09-30 22.77 0.36 9.39
2015-06-30 20.87 -0.08 8.61
2015-03-31 18.97 0.17 7.94
2014-12-31 17.07 0.42 7.28
2014-09-30 16.15 0.69 7.18
2014-06-30 15.23 0.95 7.08
2014-03-31 15.17 0.93 7.08
2013-12-31 15.12 0.91 7.08
2013-09-30 15.09 0.82 7.19
2013-06-30 15.06 0.74 7.29
2013-03-31 14.88 0.68 7.26
2012-12-31 14.71 0.62 7.22

*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.
  • Pacific Star Network has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Pacific Star Network used its assets more efficiently than the AU Media industry average last year based on Return on Assets.
  • Pacific Star Network has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Pacific Star Network'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 Media 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.
Pacific Star Network 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 Pacific Star Network'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 Pacific Star Network's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Pacific Star Network is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Pacific Star Network's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Pacific Star Network'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 2.6x 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 Pacific Star Network Company Filings, last reported 5 months ago.

ASX:PNW Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 44.04 8.45 4.93
2019-03-31 44.04 8.45 4.93
2018-12-31 41.75 8.50 8.66
2018-09-30 41.75 8.50 8.66
2018-06-30 39.76 8.52 7.98
2018-03-31 39.76 8.52 7.98
2017-12-31 10.11 5.75 2.75
2017-09-30 10.11 5.75 2.75
2017-06-30 9.66 5.75 1.66
2017-03-31 9.66 5.75 1.66
2016-12-31 13.19 5.75 1.74
2016-09-30 13.19 5.75 1.74
2016-06-30 17.97 5.75 1.91
2016-03-31 17.97 5.75 1.91
2015-12-31 18.68 6.00 2.48
2015-09-30 18.68 6.00 2.48
2015-06-30 18.55 7.00 3.57
2015-03-31 18.55 7.00 3.57
2014-12-31 19.45 7.00 4.66
2014-09-30 19.45 7.00 4.66
2014-06-30 14.93 0.58 4.06
2014-03-31 14.93 0.58 4.06
2013-12-31 14.89 0.46 4.10
2013-09-30 14.89 0.46 4.10
2013-06-30 14.96 0.56 3.39
2013-03-31 14.96 0.56 3.39
2012-12-31 14.97 0.65 2.86
  • Pacific Star Network's level of debt (19.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (4.4% vs 19.2% today).
  • Debt is well covered by operating cash flow (39.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 13.3x coverage).
X
Financial health checks
We assess Pacific Star Network'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. Pacific Star Network has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

Dividends

 What is Pacific Star Network'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 Pacific Star Network dividends.
If you bought A$2,000 of Pacific Star Network 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 Pacific Star Network's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Pacific Star Network'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:PNW 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 Media Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 5.7%
Australia Market Average Dividend Yield Market Cap Weighted Average of 389 Stocks 4.1%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.5%
Australia Bottom 25% Dividend Yield 25th Percentile 2.4%
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:PNW Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
ASX:PNW Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2018-10-01 0.000 0.000
2018-08-31 0.000 0.000
2018-02-27 0.000 0.000
2017-10-03 0.000 0.000
2017-02-27 0.017 6.594
2016-10-03 0.024 8.382
2016-09-02 0.024 10.408
2015-10-16 0.023 10.248
2014-09-19 0.016 5.515
2014-08-26 0.016 5.616
2013-10-03 0.016 5.956
2013-09-05 0.016 8.353
2012-10-03 0.016 8.417
2012-08-31 0.016 8.222
2012-03-14 0.016 7.341
2011-08-25 0.015 5.430
2011-03-01 0.020 6.503

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

  • Unable to perform a dividend volatility check as Pacific Star Network has not reported any payouts.
  • Unable to verify if Pacific Star Network's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Pacific Star Network's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Pacific Star Network 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 Pacific Star Network's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - 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 Pacific Star Network afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Pacific Star Network 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 Pacific Star Network'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
Craig Hutchison
COMPENSATION A$511,659
TENURE AS CEO 1.8 years
CEO Bio

Mr. Craig Hutchison serves as the Chief Executive Officer, Managing Director and Director at Pacific Star Network Limited. Mr. Hutchison started out with the Herald Sun newspaper in 1994. After a successful career in papers he moved to radio. Mr. Hutchison transitioned into television in 1997, reporting for Channel 10, then Channel 7, establishing himself as one of the AFL’s greatest news breakers. He has co-hosted Nine’s popular Footy Classified for the past 11 seasons. During his previous journalism career, Mr. Hutchison won many awards, including journalism’s highest honour, the prestigious Walkley Award, and a Quill Award. He has also won the Australian Football Media Association Award for Best Electronic Reporter 11 times. Mr. Hutchison co-founded Crocmedia in 2006, which has grown to become a key player in the AFL landscape under his leadership.

CEO Compensation
  • Insufficient data for Craig to compare compensation growth.
  • Craig's remuneration is higher than average for companies of similar size in Australia.
Management Team Tenure

Average tenure of the Pacific Star Network management team in years:

2.8
Average Tenure
  • The tenure for the Pacific Star Network management team is about average.
Management Team

Craig Hutchison

TITLE
CEO, MD & Director
COMPENSATION
A$512K
TENURE
1.8 yrs

Jodie Simm

TITLE
COO & Company Secretary
COMPENSATION
A$115K

Chris Giannopoulos

TITLE
Executive Director
COMPENSATION
A$435K

Sam Bingley

TITLE
Chief Commercial Officer & GM (SEN)
COMPENSATION
A$114K

Tim Cleary

TITLE
Chief Content Officer
COMPENSATION
A$132K

Gaye Murray

TITLE
General Manager of Frankie Press
COMPENSATION
A$213K
TENURE
4.3 yrs

Cathy Thomas

TITLE
General Manager of Broadcasting
COMPENSATION
A$429K
TENURE
3.6 yrs

Helen Davies

TITLE
Operations Director of Broadcasting
COMPENSATION
A$280K

Richard Simkiss

TITLE
Group Business Director
COMPENSATION
A$109K

Chris Tan

TITLE
Chief Financial Officer
TENURE
1.9 yrs
Board of Directors Tenure

Average tenure and age of the Pacific Star Network board of directors in years:

2.1
Average Tenure
56
Average Age
  • The average tenure for the Pacific Star Network board of directors is less than 3 years, this suggests a new board.
Board of Directors

Craig Coleman

TITLE
Chairman of the Board
COMPENSATION
A$47K
AGE
54
TENURE
2.1 yrs

Craig Hutchison

TITLE
CEO, MD & Director
COMPENSATION
A$512K

Chris Giannopoulos

TITLE
Executive Director
COMPENSATION
A$435K
TENURE
1.8 yrs

Andrew Moffat

TITLE
Non-Executive Director
COMPENSATION
A$35K
AGE
58
TENURE
2.1 yrs

Colm O'Brien

TITLE
Independent Non-Executive Director
COMPENSATION
A$55K
AGE
47
TENURE
4.3 yrs

Ron Hall

TITLE
Alternate Non-Executive Director
COMPENSATION
A$19K
AGE
78
TENURE
2.1 yrs
Who owns this company?
Recent Insider Trading
  • Information is not available.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
10. Dec 19 Sell Craig Coleman Individual 06. Dec 19 06. Dec 19 -650,000 A$0.28 A$-182,000
10. Dec 19 Buy Craig Coleman Individual 06. Dec 19 06. Dec 19 650,000 A$0.28 A$182,000
02. Apr 19 Buy Viburnum Funds Pty Ltd. Company 27. Dec 18 29. Mar 19 1,585,951 A$0.34 A$539,161
X
Management checks
We assess Pacific Star Network'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. Pacific Star Network 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

Is Pacific Star Network Limited's (ASX:PNW) ROE Of 6.2% Impressive?

The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Pacific Star Network: 6.2% = AU$2.7m ÷ AU$44m (Based on the trailing twelve months to June 2019.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … Does Pacific Star Network Have A Good Return On Equity? … Combining Pacific Star Network's Debt And Its 6.2% Return On Equity Although Pacific Star Network does use debt, its debt to equity ratio of 0.19 is still low.

Simply Wall St -

These 4 Measures Indicate That Pacific Star Network (ASX:PNW) Is Using Debt Reasonably Well

ASX:PNW Historical Debt, July 10th 2019 How Healthy Is Pacific Star Network's Balance Sheet? … Pacific Star Network may have net cash on the balance sheet, but it is still interesting to look at how well the business converts its earnings before interest and tax (EBIT) to free cash flow, because that will influence both its need for, and its capacity to manage debt. … Over the last three years, Pacific Star Network recorded negative free cash flow, in total.

Simply Wall St -

What You Should Know About Pacific Star Network Limited's (ASX:PNW) Financial Strength

Pacific Star Network Limited (ASX:PNW) is a small-cap stock with a market capitalization of AU$67m. … 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 -

Before You Buy Pacific Star Network Limited (ASX:PNW), Consider Its Volatility

Volatility is considered to be a measure of risk in modern finance theory. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

Have Insiders Been Buying Pacific Star Network Limited (ASX:PNW) Shares This Year?

So we'll take a look at whether insiders have been buying or selling shares in Pacific Star Network Limited (ASX:PNW). … The Last 12 Months Of Insider Transactions At Pacific Star Network. … Although we like to see insider buying, we note that this large purchase was at significantly lower prices

Simply Wall St -

Are Pacific Star Network Limited's (ASX:PNW) Interest Costs Too High?

While small-cap stocks, such as Pacific Star Network Limited (ASX:PNW) with its market cap of AU$61m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … the current state of its operations and pathway to profitability.

Simply Wall St -

Pacific Star Network Limited (ASX:PNW): What Are Investors Earning On Their Capital?

and want a simplistic look at the return on Pacific Star Network Limited (ASX:PNW) stock. … Your equity share is granted in return for the capital provided to the business to operate, and in order for an investment to be successful the business has to create earnings from the funds that make up this capital. … Thus, to understand how your money can grow by investing in Pacific Star Network, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE)

Simply Wall St -

Are Pacific Star Network Limited's (ASX:PNW) Interest Costs Too High?

Pacific Star Network Limited (ASX:PNW) is a small-cap stock with a market capitalization of AU$69.52m. … 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 -

How Financially Strong Is Pacific Star Network Limited (ASX:PNW)?

Pacific Star Network Limited (ASX:PNW) is a small-cap stock with a market capitalization of AU$59.59m. … 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 -

Pacific Star Network Limited (ASX:PNW): A Look At Solid Capital Returns

Thus, to understand how your money can grow by investing in Pacific Star Network, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE). … PNW’s ROCE is calculated below: ROCE Calculation for PNW Return on Capital Employed (ROCE) = Earnings Before Tax (EBT) ÷ (Capital Employed) Capital Employed = (Total Assets - Current Liabilities) ∴ ROCE = AU$1.79M ÷ (AU$19.80M - AU$9.13M) = 16.73% As you can see, PNW earned A$16.7 from every A$100 you invested over the previous twelve months. … ASX:PNW Last Perf Apr 16th 18 Not so fast The encouraging ROCE is good news for Pacific Star Network investors if the company is able to maintain strong earnings and control their capital needs.

Simply Wall St -

Company Info

Description

Pacific Star Network Limited engages in broadcasting and publishing business in Australia. It operates three digital radio stations, such as SEN2, SEN3, and Rythmos. It operates 1116 SEN, which broadcasts sports radio throughout the Melbourne metropolitan area; and SEN+, an exclusively sports content. The company delivers brand content stories to national, metropolitan, and regional audiences through various platforms, such as radio, television, online, in-stadium, and events. In addition, it publishes and sells magazines. The company was formerly known as Data & Commerce Ltd and changed its name to Pacific Star Network Limited in August 2004. Pacific Star Network Limited is based in South Melbourne, Australia.

Details
Name: Pacific Star Network Limited
PNW
Exchange: ASX
Founded:
A$55,303,339
204,827,185
Website: http://www.pacificstarnetwork.com.au
Address: Pacific Star Network Limited
111 Coventry Street,
Level 5,
South Melbourne,
Victoria, 3006,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX PNW Ordinary Shares Australian Securities Exchange AU AUD 28. Nov 2000
Number of employees
Current staff
Staff numbers
0
Pacific Star Network employees.
Industry
Broadcasting
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/13 10:32
End of day share price update: 2019/12/06 00:00
Last estimates confirmation: 2018/08/31
Last earnings filing: 2019/09/26
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.