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360 Capital Group

ASX:TGP
Snowflake Description

Flawless balance sheet with concerning outlook.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TGP
ASX
A$248M
Market Cap
  1. Home
  2. AU
  3. Real Estate
Company description

360 Capital Group is an ASX-listed, investment and funds management group, focused on strategic and active investment management of alternative assets. The last earnings update was 53 days ago. More info.


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TGP Share Price and Events
7 Day Returns
-0.4%
ASX:TGP
0.1%
AU REITs
1.3%
AU Market
1 Year Returns
17.6%
ASX:TGP
20.5%
AU REITs
9.9%
AU Market
TGP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
360 Capital Group (TGP) -0.4% 1.3% 8.1% 17.6% 22% 20.7%
AU REITs 0.1% 0.4% -2.8% 20.5% 23.4% 58.9%
AU Market 1.3% -0.6% -1% 9.9% 17.6% 17.8%
1 Year Return vs Industry and Market
  • TGP underperformed the REITs industry which returned 20.5% over the past year.
  • TGP outperformed the Market in Australia which returned 9.9% over the past year.
Price Volatility
TGP
Industry
5yr Volatility vs Market

Value

 Is 360 Capital Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of 360 Capital Group to its discounted cash flow analysis.value.

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

Below are the data sources, inputs and calculation used to determine the intrinsic value for 360 Capital Group.

ASX:TGP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-06-30) in AUD A$ 0.03884
Payout Ratio Company Filings (2019-06-30) 3256.8%
Discount Rate (Cost of Equity) See below 7.1%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.3%

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

Calculation of Discount Rate/ Cost of Equity for ASX:TGP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.47
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.47 (1 + (1- 30%) (0%))
0.606
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (0.8 * 5.96%)
7.08%

Discounted Cash Flow Calculation for ASX:TGP using Dividend Discount Model Model

The calculations below outline how an intrinsic value for 360 Capital Group 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.

ASX:TGP Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= A$0.04 / (7.08% - 2.31%)
A$0.81
ASX:TGP Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$0.81
Current discount Discount to share price of A$1.14
= -1 x (A$1.14 - A$0.81) / A$0.81
-39.3%

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

  • The current share price of 360 Capital Group 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 360 Capital Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are 360 Capital Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:TGP 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:TGP Share Price ** ASX (2019-10-11) in AUD A$1.14
Australia REITs Industry PE Ratio Median Figure of 38 Publicly-Listed REITs Companies 15.7x
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 360 Capital Group.

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

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

= 1.14 ÷ 0.01

151.64x

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

  • 360 Capital Group is overvalued based on earnings compared to the AU REITs industry average.
  • 360 Capital Group is overvalued based on earnings compared to the Australia market.
Price based on expected Growth
Does 360 Capital Group's expected growth come at a high price?
Raw Data
ASX:TGP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 151.64x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
Australia REITs Industry PEG Ratio Median Figure of 31 Publicly-Listed REITs Companies 1.2x
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 360 Capital Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on 360 Capital Group's assets?
Raw Data
ASX:TGP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in AUD A$0.93
ASX:TGP Share Price * ASX (2019-10-11) in AUD A$1.14
Australia REITs Industry PB Ratio Median Figure of 43 Publicly-Listed REITs Companies 1.11x
Australia Market PB Ratio Median Figure of 1,705 Publicly-Listed Companies 1.8x
ASX:TGP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 1.14 ÷ 0.93

1.22x

* Primary Listing of 360 Capital Group.

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

  • 360 Capital Group is overvalued based on assets compared to the AU REITs industry average.
X
Value checks
We assess 360 Capital Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs 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 REITs industry average (and greater than 0)? (1 check)
  5. 360 Capital Group has a total score of 0/6, 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 360 Capital Group expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
9.6%
Expected annual growth in revenue.
Earnings growth vs Low Risk Savings
Is 360 Capital Group expected to grow at an attractive rate?
  • Unable to compare 360 Capital Group's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare 360 Capital Group's earnings growth to the Australia market average as no estimate data is available.
  • 360 Capital Group's revenue growth is expected to exceed the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:TGP Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:TGP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 9.6%
Australia REITs Industry Earnings Growth Rate Market Cap Weighted Average 2.5%
Australia REITs Industry Revenue Growth Rate Market Cap Weighted Average -3.7%
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:TGP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:TGP Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-06-30 13 1
2020-06-30 14 9 1
2019-10-13
ASX:TGP Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-06-30 11 4 2
2019-03-31 14 0 -4
2018-12-31 17 -3 -10
2018-09-30 18 -6 3
2018-06-30 19 -8 16
2018-03-31 16 -4 27
2017-12-31 13 1 37
2017-09-30 23 9 50
2017-06-30 33 17 64
2017-03-31 49 20 67
2016-12-31 65 24 70
2016-09-30 65 22 47

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if 360 Capital Group is high growth as no earnings estimate data is available.
  • 360 Capital Group's revenue is expected to grow by 9.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:TGP 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 1 Analyst Estimates (S&P Global) See Below

All data from 360 Capital Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:TGP Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-06-30
2020-06-30 0.04 0.04 0.04 1.00
2019-10-13
ASX:TGP Past Financials Data
Date (Data in AUD Millions) EPS *
2019-06-30 0.01
2019-03-31 -0.02
2018-12-31 -0.05
2018-09-30 0.01
2018-06-30 0.08
2018-03-31 0.13
2017-12-31 0.18
2017-09-30 0.24
2017-06-30 0.29
2017-03-31 0.30
2016-12-31 0.31
2016-09-30 0.21

*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.
  • 360 Capital Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess 360 Capital Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
360 Capital Group has a total score of 1/6, 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 360 Capital Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare 360 Capital Group's growth in the last year to its industry (REITs).
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.
  • 360 Capital Group's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • 360 Capital Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • 360 Capital Group's 1-year earnings growth is negative, it can't be compared to the AU REITs industry average.
Earnings and Revenue History
360 Capital Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from 360 Capital Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:TGP 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 11.02 1.59 4.25
2019-03-31 14.15 -4.33 4.55
2018-12-31 17.28 -10.26 4.85
2018-09-30 18.14 2.96 4.77
2018-06-30 18.99 16.18 4.69
2018-03-31 16.14 26.80 4.12
2017-12-31 13.28 37.41 3.55
2017-09-30 22.94 50.49 3.91
2017-06-30 32.60 63.58 4.28
2017-03-31 48.63 66.70 5.01
2016-12-31 64.66 69.82 5.75
2016-09-30 64.55 46.95 6.53
2016-06-30 64.45 24.07 7.31
2016-03-31 54.91 16.99 7.22
2015-12-31 45.37 9.91 7.12
2015-09-30 46.35 17.02 7.11
2015-06-30 47.33 24.14 7.09
2015-03-31 49.62 26.85 7.70
2014-12-31 51.92 29.57 8.31
2014-09-30 47.74 26.27 7.53
2014-06-30 43.57 22.97 6.76
2014-03-31 35.58 19.60 5.28
2013-12-31 27.59 16.22 3.81
2013-09-30 18.71 4.95 3.01
2013-06-30 9.82 -6.32 2.21
2013-03-31 9.80 -5.71 2.22
2012-12-31 9.78 -5.10 2.23

*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.
  • 360 Capital Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • 360 Capital Group used its assets less efficiently than the AU REITs industry average last year based on Return on Assets.
  • 360 Capital Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess 360 Capital Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs 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.
360 Capital Group 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 360 Capital Group's financial health and their level of debt?

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

The boxes below represent the relative size of what makes up 360 Capital Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • 360 Capital Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • 360 Capital Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of 360 Capital Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • 360 Capital Group has no debt, it does not need to be covered by short term assets.
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 360 Capital Group Company Filings, last reported 3 months ago.

ASX:TGP Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 202.69 0.00 179.41
2019-03-31 202.69 0.00 179.41
2018-12-31 205.43 0.00 185.84
2018-09-30 205.43 0.00 185.84
2018-06-30 281.83 49.09 58.87
2018-03-31 281.83 49.09 58.87
2017-12-31 306.07 49.00 19.36
2017-09-30 306.07 49.00 19.36
2017-06-30 199.09 0.00 101.99
2017-03-31 199.09 0.00 101.99
2016-12-31 212.18 78.00 16.46
2016-09-30 212.18 78.00 16.46
2016-06-30 244.74 220.29 13.73
2016-03-31 244.74 220.29 13.73
2015-12-31 229.28 203.71 18.35
2015-09-30 229.28 203.71 18.35
2015-06-30 227.54 214.27 14.97
2015-03-31 227.54 214.27 14.97
2014-12-31 222.24 166.03 18.74
2014-09-30 222.24 166.03 18.74
2014-06-30 216.85 102.74 20.25
2014-03-31 216.85 102.74 20.25
2013-12-31 209.78 93.29 20.56
2013-09-30 209.78 93.29 20.56
2013-06-30 49.86 10.24 7.52
2013-03-31 49.86 10.24 7.52
2012-12-31 53.25 25.51 8.14
  • 360 Capital Group has no debt.
  • 360 Capital Group has no debt compared to 5 years ago when it was 47.7%.
  • 360 Capital Group has no debt, it does not need to be covered by operating cash flow.
  • 360 Capital Group has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess 360 Capital Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. 360 Capital Group 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.

Dividends

 What is 360 Capital Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.52%
Current annual income from 360 Capital Group dividends. Estimated to be 3.42% next year.
If you bought A$2,000 of 360 Capital Group shares you are expected to receive A$70 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?
  • 360 Capital Group's pays a higher dividend yield than the bottom 25% of dividend payers in Australia (2.5%).
  • 360 Capital Group's dividend is below the markets top 25% of dividend payers in Australia (5.6%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:TGP 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 1 Analyst Estimates (S&P Global) See Below
Australia REITs Industry Average Dividend Yield Market Cap Weighted Average of 40 Stocks 4.4%
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:TGP Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2021-06-30 0.04 1.00
2020-06-30 0.04 1.00
2019-10-13
ASX:TGP Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2019-09-24 0.040 3.543
2019-08-21 0.000 0.000
2019-03-22 0.000 0.000
2018-08-22 0.055 5.519
2017-06-23 0.065 6.460
2016-12-12 0.065 7.187
2016-09-23 0.065 7.104
2016-06-17 0.063 6.671
2016-03-22 0.063 6.619
2015-12-09 0.063 6.596
2015-09-23 0.063 6.298
2015-08-26 0.059 6.029
2014-12-22 0.059 5.324
2014-09-23 0.053 5.417
2014-07-23 0.050 5.572
2014-04-24 0.050 6.356
2014-02-27 0.050 6.715
2013-08-27 0.075 10.993
2013-02-22 0.080 16.219
2012-10-26 0.050 9.422

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

  • 360 Capital Group has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • 360 Capital Group has only been paying a dividend for 7 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of 360 Capital Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (1x coverage).
X
Income/ dividend checks
We assess 360 Capital Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can 360 Capital Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. 360 Capital Group has a total score of 1/6, see the detailed checks below.


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

Management

 What is the CEO of 360 Capital Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Tony Pitt
COMPENSATION A$795,522
TENURE AS CEO 6 years
CEO Bio

Mr. Tony Robert Pitt has been a Group Managing Director and Executive Director of 360 Capital Group since October 2, 2013. He serves as the Managing Director of 360 Capital RE Limited. Mr. Pitt serves as the Managing Director of 360 Capital Property Group and has worked in the property and property funds management industries. He serves as Managing Director at 360 Capital Office Fund. He is responsible for the performance of the Group’s various investments and funds, including the investment analysis, management, acquisitions and disposal and overall Group and investment strategy. He served as Managing Director and Executive Director at 360 Capital Investment Management Limited from December 16, 2010 to January 9, 2017. Mr. Pitt served as Joint Managing Director of Crucible Gold Limited until November 22, 2010 and served as Director of Olea Australia Ltd. from June 4, 2010 to November 22, 2010. He served as an Executive Director of Bankminster Properties Limited and held positions at Paladin Australia Limited, Jones Lang LaSalle and Richard Ellis. Mr. Pitt has worked in the property and property funds management industries for eight years. He has been responsible for the ASX-listed JF Meridian Trust. Mr. Pitt has been a Non-Executive Director of Trafalgar Corporate Group Ltd., since November 19, 2009. He has been an Executive Director of Pentagon Capital Limited since March 31, 2009. He served as Director at Asia Pacific Data Centre Trust and Asia Pacific Data Centre Group from November 23, 2017 to May 14, 2018. Mr. Pitt served as an Executive Director of James Fielding Funds Management Limited, JF Meridian Management Limited and Hotel Capital Partners Limited, Bankminster Properties Limited and Travelodge Hotel Group. He serves as a Director of Pentagon Property Group. Mr. Pitt served as a Director of Mirvac Real Estate Investment Trust. He serves as Executive Director of 360 Capital RE Limited and 360 Capital Office Fund. Mr. Pitt has been an Associate of the Australian Property Institute and of the Securities Institute of Australia. He graduated from Curtin University with a Bachelor of Commerce (Property) and has a graduate Diploma in Applied Finance and Investment from the Securities Institute of Australia. Mr. Pitt has a Certified Practising Valuer.

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

Average tenure of the 360 Capital Group management team in years:

4.3
Average Tenure
  • The tenure for the 360 Capital Group management team is about average.
Management Team

Tony Pitt

TITLE
Group MD & Executive Director
COMPENSATION
A$796K
TENURE
6 yrs

Glenn Butterworth

TITLE
Group Chief Financial Officer
COMPENSATION
A$616K
TENURE
5.8 yrs

James Storey

TITLE
Head of Real Assets
COMPENSATION
A$521K
TENURE
1.1 yrs

Libby Langtry

TITLE
Investor Relations Manager

Dennison Hambling

TITLE
Head of Public & Private Equity

Chris Chase

TITLE
Head of Private Credit

David Yuile

TITLE
Head of Digital Infrastructure

Jennifer Vercoe

TITLE
Company Secretary
TENURE
2.7 yrs

Ainslie Ebejer

TITLE
Group Financial Controller

Matt Bowden

TITLE
Financial Controller
Board of Directors Tenure

Average tenure of the 360 Capital Group board of directors in years:

6
Average Tenure
  • The tenure for the 360 Capital Group board of directors is about average.
Board of Directors

David van Aanholt

TITLE
Independent Chairman
COMPENSATION
A$146K
AGE
51
TENURE
6.6 yrs

Tony Pitt

TITLE
Group MD & Executive Director
COMPENSATION
A$796K
TENURE
6 yrs

Graham Lenzner

TITLE
Non-Executive Independent Director
COMPENSATION
A$96K
TENURE
6.4 yrs

Andrew Moffat

TITLE
Non-Executive Independent Director
COMPENSATION
A$96K
AGE
58
TENURE
6 yrs

William Ballhausen

TITLE
Non-Executive Independent Director
COMPENSATION
A$135K
TENURE
6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
07. Aug 19 Buy National Exchange Pty. Ltd., Asset Management Arm Company 12. Jul 18 06. Aug 19 3,257,565 A$1.04 A$3,382,763
01. Nov 18 Buy Tony Pitt Individual 31. Oct 18 31. Oct 18 31,559 A$0.96 A$30,309
X
Management checks
We assess 360 Capital Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. 360 Capital Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


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

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

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

News

Simply Wall St News

Who Owns 360 Capital Group Limited (ASX:TGP)?

This size of ownership gives retail investors collective power in deciding on major policy decisions such as executive compensation, appointment of directors and acquisitions of businesses. … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions. … Thus, investors should dig deeper into TGP's business relations with these companies and how it can affect shareholder returns in the long-term.Next Steps: I suggest investors seek some degree of margin of safety due to high institutional ownership in TGP, in particular due to the strong presence of active hedge fund investors.

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Is 360 Capital Group Limited (ASX:TGP) A Smart Pick For Income Investors?

In the past 10 years 360 Capital Group Limited (ASX:TGP) has returned an average of 10.00% per year to investors in the form of dividend payouts. … See our latest analysis for 360 Capital Group 5 checks you should use to assess a dividend stock When researching a dividend stock, I always follow the following screening criteria: Is their annual yield among the top 25% of dividend payers? … Dividend payments from 360 Capital Group have been volatile in the past 10 years, with some years experiencing significant drops of over 25%.

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Does 360 Capital Group Limited's (ASX:TGP) CEO Salary Compare Well With Others?

I will break down Pitt’s pay and compare this to the company’s performance over the same period, as well as measure it against other Australian CEOs leading companies of similar size and profitability. … Profitability of a company is a strong indication of TGP's ability to generate returns on shareholders' funds through corporate activities. … Considering the size of TGP in terms of market cap, as well as its performance, using earnings as a proxy, it appears that Pitt is remunerated above other Australian CEOs of small-caps, on average.

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Is 360 Capital Group Limited's (ASX:TGP) 15.55% ROE Strong Compared To Its Industry?

Check out our latest analysis for 360 Capital Group Breaking down Return on Equity Return on Equity (ROE) weighs 360 Capital Group’s profit against the level of its shareholders’ equity. … Return on Equity = Net Profit ÷ Shareholders Equity Returns are usually compared to costs to measure the efficiency of capital. … Given a positive discrepancy of 7.00% between return and cost, this indicates that 360 Capital Group pays less for its capital than what it generates in return, which is a sign of capital efficiency.

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Who Are The Major Shareholders Of 360 Capital Group Limited (ASX:TGP)?

In this analysis, my focus will be on developing a perspective on 360 Capital Group Limited’s (ASX:TGP) latest ownership structure, a less discussed, but important factor. … View our latest analysis for 360 Capital Group ASX:TGP Ownership_summary Feb 22nd 18 Institutional Ownership Institutions account for 40.15% of TGP's outstanding shares, a significant enough holding to move stock prices if they start buying and selling in large quantities, especially when there are relatively small amounts of shares available on the market to trade. … Broadly, insider ownership of this level has been found to negatively affect companies with consistently low PE ratio (underperforming).

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What Should You Know Before Buying 360 Capital Group Limited (ASX:TGP) For Its Dividend

Over the past 10 years, 360 Capital Group Limited (ASX:TGP) has returned an average of 9.00% per year to shareholders in terms of dividend yield. … Check out our latest analysis for 360 Capital Group How I analyze a dividend stock When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas: Does it pay an annual yield higher than 75% of dividend payers? … Dividend payments from 360 Capital Group have been volatile in the past 10 years, with some years experiencing significant drops of over 25%.

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Are You Backing The Right Horse With 360 Capital Group Limited (ASX:TGP)?

360 Capital Group Limited (ASX:TGP), a A$228.49M small-cap, operates in the real estate industry which remains the single largest sector globally, and has continued to play a key role in investor portfolios as an asset class. … Real estate analysts are forecasting for the entire industry, negative growth in the upcoming year , and an overall negative growth rate in the next couple of years. … See our latest analysis for 360 Capital Group What’s the catalyst for 360 Capital Group's sector growth?

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360 Capital Group Limited (ASX:TGP): What You Have To Know Before Buying For The Upcoming Dividend

See our latest analysis for 360 Capital Group 5 checks you should do on a dividend stock When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas: Is its annual yield among the top 25% of dividend-paying companies? … ASX:TGP Historical Dividend Yield Jan 20th 18 How does 360 Capital Group fare? … Not only have dividend payouts from 360 Capital Group fallen over the past 10 years, it has also been highly volatile during this time, with drops of over 25% in some years.

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Is Buying 360 Capital Group Limited (ASX:TGP) For Its Upcoming Dividend A Good Choice?

Check out our latest analysis for 360 Capital Group 5 questions to ask before buying a dividend stock If you are a dividend investor, you should always assess these five key metrics: Does it pay an annual yield higher than 75% of dividend payers? … ASX:TGP Historical Dividend Yield Dec 25th 17 Does 360 Capital Group pass our checks? … Whilst there are few things you may like about 360 Capital Group from a dividend stock perspective, the truth is that overall it probably is not the best choice for a dividend investor.

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What is Behind 360 Capital Group Limited's (ASX:TGP) Superior ROE?

See our latest analysis for 360 Capital Group Breaking down ROE — the mother of all ratios Return on Equity (ROE) weighs 360 Capital Group’s profit against the level of its shareholders’ equity. … Return on Equity = Net Profit ÷ Shareholders Equity ROE is measured against cost of equity in order to determine the efficiency of 360 Capital Group’s equity capital deployed. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity ASX:TGP Last Perf Dec 17th 17 The first component is profit margin, which measures how much of sales is retained after the company pays for all its expenses.

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Company Info

Description

360 Capital Group is an ASX-listed, investment and funds management group, focused on strategic and active investment management of alternative assets. Led by a highly experienced team, the Group operates in Australian and global markets investing across real estate, public and private equity and credit strategies. We partner with our stakeholders to identify, invest and realise on opportunities.

Details
Name: 360 Capital Group Limited
TGP
Exchange: ASX
Founded: 1997
A$247,853,355
218,373,000
Website: http://www.360capital.com.au
Address: 360 Capital Group Limited
56 Pitt Street,
Level 8,
Sydney,
New South Wales, 2000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX TGP Stapled Securities Australian Securities Exchange AU AUD 26. Jul 2005
CHIA TGP Stapled Securities Chi-X Australia AU AUD 26. Jul 2005
Number of employees
Current staff
Staff numbers
0
360 Capital Group employees.
Industry
Office REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/13 10:34
End of day share price update: 2019/10/11 00:00
Last estimates confirmation: 2019/08/21
Last earnings filing: 2019/08/21
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.