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Emeco Holdings

DB:E3A
Snowflake Description

Solid track record with high growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
E3A
DB
A$570M
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

Emeco Holdings Limited provides heavy earthmoving equipment solutions to mining companies and contractors in Australia. The last earnings update was 85 days ago. More info.


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E3A Share Price and Events
7 Day Returns
0%
DB:E3A
7%
DE Trade Distributors
0.8%
DE Market
1 Year Returns
-35.6%
DB:E3A
6.9%
DE Trade Distributors
9%
DE Market
E3A Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Emeco Holdings (E3A) 0% -2.6% -8.9% -35.6% 220% -4.3%
DE Trade Distributors 7% 8.4% 16.8% 6.9% -1.2% 8.4%
DE Market 0.8% 6.3% 14.4% 9% 14.5% 21.8%
1 Year Return vs Industry and Market
  • E3A underperformed the Trade Distributors industry which returned 6.9% over the past year.
  • E3A underperformed the Market in Germany which returned 9% over the past year.
Price Volatility
E3A
Industry
5yr Volatility vs Market

E3A Value

 Is Emeco Holdings 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 Emeco Holdings 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 Emeco Holdings.

DB:E3A Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 8 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.2%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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 DB:E3A
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Trade Distributors Unlevered Beta Simply Wall St/ S&P Global 0.95
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.951 (1 + (1- 30%) (84.13%))
1.342
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.34
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.342 * 5.96%)
8.23%

Discounted Cash Flow Calculation for DB:E3A using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Emeco Holdings 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.

DB:E3A DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 8.23%)
2020 65.93 Analyst x6 60.92
2021 88.38 Analyst x6 75.46
2022 78.16 Analyst x5 61.66
2023 72.03 Est @ -7.84% 52.50
2024 68.12 Est @ -5.42% 45.88
2025 65.59 Est @ -3.73% 40.81
2026 63.92 Est @ -2.54% 36.75
2027 62.83 Est @ -1.71% 33.38
2028 62.12 Est @ -1.13% 30.49
2029 61.67 Est @ -0.72% 27.97
Present value of next 10 years cash flows A$465.00
DB:E3A DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= A$61.67 × (1 + 0.23%) ÷ (8.23% – 0.23%)
A$772.74
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$772.74 ÷ (1 + 8.23%)10
A$350.49
DB:E3A Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$465.00 + A$350.49
A$815.49
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$815.49 / 306.36
A$2.66
DB:E3A Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:E3A represents 0.60215x of ASX:EHL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.60215x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (AUD) x Listing Adjustment Factor
= A$ 2.66 x 0.60215
€1.60
Value per share (EUR) From above. €1.60
Current discount Discount to share price of €1.12
= -1 x (€1.12 - €1.60) / €1.60
30.1%

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

Current Discount
Amount off the current price Emeco Holdings is available for.
Intrinsic value
30%
Share price is €1.12 vs Future cash flow value of €1.6
Current Discount Checks
For Emeco Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Emeco Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Emeco Holdings'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 Emeco Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Emeco Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:E3A PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in AUD A$0.11
ASX:EHL Share Price ** ASX (2019-11-13) in AUD A$1.86
Germany Trade Distributors Industry PE Ratio Median Figure of 7 Publicly-Listed Trade Distributors Companies 16.14x
Germany Market PE Ratio Median Figure of 403 Publicly-Listed Companies 19.89x

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

** Primary Listing of Emeco Holdings.

DB:E3A PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 1.86 ÷ 0.11

16.65x

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

  • Emeco Holdings is overvalued based on earnings compared to the DE Trade Distributors industry average.
  • Emeco Holdings is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Emeco Holdings's expected growth come at a high price?
Raw Data
DB:E3A PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.65x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
23.7%per year
Europe Trade Distributors Industry PEG Ratio Median Figure of 32 Publicly-Listed Trade Distributors Companies 1.82x
Germany Market PEG Ratio Median Figure of 255 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

DB:E3A PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 16.65x ÷ 23.7%

0.7x

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

  • Emeco Holdings is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Emeco Holdings's assets?
Raw Data
DB:E3A PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in AUD A$0.65
ASX:EHL Share Price * ASX (2019-11-13) in AUD A$1.86
Germany Trade Distributors Industry PB Ratio Median Figure of 10 Publicly-Listed Trade Distributors Companies 1.19x
Germany Market PB Ratio Median Figure of 577 Publicly-Listed Companies 1.83x
DB:E3A PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 1.86 ÷ 0.65

2.88x

* Primary Listing of Emeco Holdings.

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

  • Emeco Holdings is overvalued based on assets compared to the DE Trade Distributors industry average.
X
Value checks
We assess Emeco Holdings'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 Trade Distributors 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 Trade Distributors industry average (and greater than 0)? (1 check)
  5. Emeco Holdings has a total score of 3/6, see the detailed checks below.

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

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

E3A Future Performance

 How is Emeco Holdings expected to perform in the next 1 to 3 years based on estimates from 8 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
23.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Emeco Holdings expected to grow at an attractive rate?
  • Emeco Holdings's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Emeco Holdings's earnings growth is expected to exceed the Germany market average.
  • Emeco Holdings's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:E3A Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:E3A Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 23.7%
DB:E3A Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 5.7%
Germany Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 13.6%
Europe Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 3.6%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*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
DB:E3A Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:E3A Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-06-30
2022-06-30 557 178 101 7
2021-06-30 547 199 95 8
2020-06-30 518 172 88 8
2019-11-13
DB:E3A Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-06-30 464 169 34
2019-03-31 449 131 26
2018-12-31 434 93 19
2018-09-30 408 109 12
2018-06-30 381 126 5
2018-03-31 337 91 -61
2017-12-31 294 57 -127
2017-09-30 245 35 -142
2017-06-30 196 14 -157
2017-03-31 164 23 -125
2016-12-31 133 33 -93
2016-09-30 150 52 -131

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Emeco Holdings's earnings are expected to grow significantly at over 20% yearly.
  • Emeco Holdings's revenue is expected to grow by 5.7% 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
DB:E3A Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below

All data from Emeco Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:E3A Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-06-30
2022-06-30 0.31 0.42 0.23 6.00
2021-06-30 0.29 0.34 0.20 7.00
2020-06-30 0.26 0.29 0.20 7.00
2019-11-13
DB:E3A Past Financials Data
Date (Data in AUD Millions) EPS *
2019-06-30 0.11
2019-03-31 0.10
2018-12-31 0.08
2018-09-30 0.05
2018-06-30 0.02
2018-03-31 -0.26
2017-12-31 -0.60
2017-09-30 -0.92
2017-06-30 -1.63
2017-03-31 -1.64
2016-12-31 -1.68
2016-09-30 -2.35

*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.
  • Emeco Holdings is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Emeco Holdings'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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
Emeco Holdings has a total score of 5/6, 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.

E3A Past Performance

  How has Emeco Holdings 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 Emeco Holdings's growth in the last year to its industry (Trade Distributors).
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.
  • Emeco Holdings has delivered over 20% year on year earnings growth in the past 5 years.
  • Emeco Holdings's 1-year earnings growth exceeds its 5-year average (533% vs 36.1%)
  • Emeco Holdings's earnings growth has exceeded the DE Trade Distributors industry average in the past year (533% vs 8.4%).
Earnings and Revenue History
Emeco Holdings'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 Emeco Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:E3A Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 464.49 33.67 20.37
2019-03-31 449.28 26.49 17.72
2018-12-31 434.08 19.31 15.07
2018-09-30 407.54 12.32 15.07
2018-06-30 380.99 5.32 15.07
2018-03-31 337.29 -60.95 12.29
2017-12-31 293.60 -127.21 9.51
2017-09-30 244.82 -142.19 9.51
2017-06-30 196.04 -157.17 9.51
2017-03-31 164.28 -125.27 7.13
2016-12-31 132.51 -93.38 4.74
2016-09-30 150.24 -130.92 5.70
2016-06-30 167.97 -168.45 6.65
2016-03-31 203.89 -173.30 5.47
2015-12-31 239.80 -178.15 4.28
2015-09-30 240.62 -150.64 4.39
2015-06-30 241.43 -123.13 4.51
2015-03-31 234.71 -115.05 4.41
2014-12-31 227.99 -106.96 4.31
2014-09-30 234.54 -165.57 4.23
2014-06-30 241.10 -224.17 4.15
2013-12-31 256.46 -191.87 3.48
2013-09-30 317.92 -95.93 3.54
2013-06-30 379.38 0.01 3.61
2012-12-31 538.75 63.65 3.90

*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.
  • Emeco Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Emeco Holdings used its assets more efficiently than the DE Trade Distributors industry average last year based on Return on Assets.
  • Emeco Holdings has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Emeco Holdings'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 Trade Distributors 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.
Emeco Holdings 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.

E3A Health

 How is Emeco Holdings'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 Emeco Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Emeco Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Emeco Holdings's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Emeco Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.3x 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 Emeco Holdings Company Filings, last reported 4 months ago.

DB:E3A Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 198.08 457.49 36.19
2019-03-31 198.08 457.49 36.19
2018-12-31 167.52 467.21 18.63
2018-09-30 167.52 467.21 18.63
2018-06-30 153.48 474.07 171.43
2018-03-31 153.48 474.07 171.43
2017-12-31 50.18 447.04 56.03
2017-09-30 50.18 447.04 56.03
2017-06-30 -32.01 452.60 16.98
2017-03-31 -32.01 452.60 16.98
2016-12-31 -24.58 380.58 33.81
2016-09-30 -24.58 380.58 33.81
2016-06-30 6.00 368.81 31.17
2016-03-31 6.00 368.81 31.17
2015-12-31 128.86 374.59 30.32
2015-09-30 128.86 374.59 30.32
2015-06-30 221.47 420.72 40.56
2015-03-31 221.47 420.72 40.56
2014-12-31 285.49 388.54 34.13
2014-09-30 285.49 388.54 34.13
2014-06-30 323.97 347.74 41.83
2013-12-31 437.12 339.59 4.63
2013-09-30 437.12 339.59 4.63
2013-06-30 611.18 405.83 6.45
2012-12-31 623.18 467.39 16.08
  • Emeco Holdings's level of debt (231%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (107.6% vs 231% today).
  • Debt is well covered by operating cash flow (37%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.1x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Emeco Holdings'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. Emeco Holdings has a total score of 2/6, 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.

E3A Dividends

 What is Emeco Holdings'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 Emeco Holdings dividends. Estimated to be 2.15% next year.
If you bought €2,000 of Emeco Holdings shares you are expected to receive €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 Emeco Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Emeco Holdings'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
DB:E3A 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 8 Analyst Estimates (S&P Global) See Below
Germany Trade Distributors Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 2.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

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

DB:E3A Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2023-06-30
2022-06-30 0.16 2.00
2021-06-30 0.00 3.00
2020-06-30 0.00 3.00
2019-11-13
DB:E3A Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2014-08-20 0.000 0.000
2014-02-19 0.000 0.000
2013-08-21 0.000 0.000
2013-02-20 0.600 16.364
2012-08-20 0.600 9.506
2011-08-23 0.600 6.184
2011-02-22 0.400 3.586
2010-08-25 0.200 2.076
2010-02-24 0.000 0.000
2010-02-23 0.000 0.000
2009-08-26 0.400 5.007
2009-02-25 0.450 10.547

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

  • Unable to perform a dividend volatility check as Emeco Holdings has not reported any payouts.
  • Unable to verify if Emeco Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Emeco Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Emeco Holdings has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.9x coverage).
X
Income/ dividend checks
We assess Emeco Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Emeco Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Emeco Holdings 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.

E3A Management

 What is the CEO of Emeco Holdings'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
Ian Testrow
COMPENSATION A$11,439,633
AGE 49
TENURE AS CEO 4.3 years
CEO Bio

Mr. Ian M. Testrow, BEng (Civil), MBA has been the Chief Executive Officer, Managing Director and Executive Director at Emeco Pty Limited since August 2015 and as its Chief Operating Officer since 2014. Prior to Emeco, he worked for Wesfarmers Limited, BHP Billiton Ltd, Thiess Pty Ltd and Dyno Nobel. Mr. Testrow has been the Chief Executive Officer and Managing Director of Emeco Holdings Limited since August 20, 2015 and served as its Chief Operating Officer until August 26, 2015. Mr. Testrow served as an Executive General Manager of Global Asset Management, Technology and Applications at Emeco Holdings Limited since 2014. He served as the Chief Operating Officer of Australian Rental at Emeco Holdings Limited since February 17, 2014. Mr. Testrow served as President of New & Developing Business at Emeco Holdings Limited since April 26, 2013 until February 17, 2014 and served its President of North America at Emeco Holdings Limited since February 1, 2010. Mr. Testrow served as the President of Emeco Canada at Emeco Holdings Ltd. He served as General Manager of Northern Regional Rental at Emeco Holdings Ltd. since March 1, 2008. Mr. Testrow joined Emeco Holding in October 2005 and came with over 15 years of experience in the mining and civil sectors. Prior to relocating to Canada from Australia he was responsible for Emeco's business in the Northern Territory, Queensland and New South Wales as General Manager of the Northern Region. He has been Director of Emeco Holdings Limited since August 26, 2015. He has a Diploma in Surveying, Bachelor of Civil Engineering and an MBA, majoring in Finance, with the University of Southern Queensland.

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

Average tenure of the Emeco Holdings management team in years:

2.8
Average Tenure
  • The tenure for the Emeco Holdings management team is about average.
Management Team

Ian Testrow

TITLE
MD, CEO & Executive Director
COMPENSATION
A$11M
AGE
49
TENURE
4.3 yrs

Justine Lea

TITLE
Chief Financial Officer
COMPENSATION
A$1M
TENURE
3.1 yrs

Thao Pham

TITLE
Chief Strategy Officer
COMPENSATION
A$2M
TENURE
2.5 yrs

Penny Young

TITLE
Company Secretary & General Counsel
TENURE
2.3 yrs
Board of Directors Tenure

Average tenure and age of the Emeco Holdings board of directors in years:

2.6
Average Tenure
60
Average Age
  • The average tenure for the Emeco Holdings board of directors is less than 3 years, this suggests a new board.
Board of Directors

Peter Richards

TITLE
Independent Chairman of the Board
COMPENSATION
A$172K
AGE
60
TENURE
3.8 yrs

Ian Testrow

TITLE
MD, CEO & Executive Director
COMPENSATION
A$11M
AGE
49

Keith Skinner

TITLE
Independent Non-Executive Director
COMPENSATION
A$113K
AGE
66
TENURE
2.6 yrs

Peter Frank

TITLE
Non-Executive Director
COMPENSATION
A$100K
AGE
72
TENURE
2.6 yrs

Darren Yeates

TITLE
Independent Non-Executive Director
COMPENSATION
A$109K
AGE
58
TENURE
2.6 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 (€) Value (€)
30. Oct 19 Sell Paradice Investment Management Pty Ltd. Company 24. Oct 19 28. Oct 19 -689,720 €1.19 €-803,273
07. Oct 19 Sell Paradice Investment Management Pty Ltd. Company 27. Aug 19 03. Oct 19 -5,009,797 €1.31 €-5,674,842
27. Aug 19 Sell Paradice Investment Management Pty Ltd. Company 05. Jul 19 23. Aug 19 -7,509,733 €1.34 €-9,102,266
14. Jun 19 Sell Paradice Investment Management Pty Ltd. Company 12. May 18 27. May 19 -2,638,323 €15.45 €-5,676,541
14. Jun 19 Buy Paradice Investment Management Pty Ltd. Company 21. Feb 19 12. Jun 19 5,114,536 €1.54 €6,661,185
04. Apr 19 Sell Eley Griffiths Group Pty Limited Company 02. Apr 19 02. Apr 19 -500,000 €1.25 €-623,566
06. Dec 18 Sell Paradice Investment Management Pty Ltd. Company 21. May 18 04. Dec 18 -8,914,965 €0.83 €-7,393,139
28. Nov 18 Buy Ian Testrow Individual 23. Nov 18 23. Nov 18 15,985 €1.59 €25,487
X
Management checks
We assess Emeco Holdings'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. Emeco Holdings 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.

E3A News

Simply Wall St News

E3A Company Info

Description

Emeco Holdings Limited provides heavy earthmoving equipment solutions to mining companies and contractors in Australia. The company rents trucks, excavators, dozers, loaders, and graders. It is also involved in the maintenance and remanufacturing of various components of heavy earthmoving equipment. Emeco Holdings Limited was founded in 1972 and is headquartered in Perth, Australia.

Details
Name: Emeco Holdings Limited
E3A
Exchange: DB
Founded: 1972
A$353,711,355
306,364,529
Website: http://www.emecogroup.com
Address: Emeco Holdings Limited
71 Walters Drive,
Level 3,
Perth,
Western Australia, 6017,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX EHL Ordinary Shares Australian Securities Exchange AU AUD 28. Jul 2006
OTCPK EOHD.F Ordinary Shares Pink Sheets LLC US USD 28. Jul 2006
DB E3A Ordinary Shares Deutsche Boerse AG DE EUR 28. Jul 2006
CHIA EHL Ordinary Shares Chi-X Australia AU AUD 28. Jul 2006
Number of employees
Current staff
Staff numbers
543
Emeco Holdings employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/13 20:45
End of day share price update: 2019/11/13 00:00
Last estimates confirmation: 2019/10/14
Last earnings filing: 2019/08/20
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.