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G8 Education

DB:3EAG
Snowflake Description

Very undervalued established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
3EAG
DB
A$497M
Market Cap
  1. Home
  2. DE
  3. Consumer Services
Company description

G8 Education Limited owns, operates, franchises, and manages child care centers. The last earnings update was 45 days ago. More info.


Add to Portfolio Compare Print
  • G8 Education has significant price volatility in the past 3 months.
3EAG Share Price and Events
7 Day Returns
0%
DB:3EAG
2.2%
Europe Consumer Services
2.1%
DE Market
1 Year Returns
-77.9%
DB:3EAG
2.4%
Europe Consumer Services
-16.6%
DE Market
3EAG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
G8 Education (3EAG) 0% -30.3% -61.7% -77.9% -82.3% -
Europe Consumer Services 2.2% -7.2% -6.5% 2.4% -15.6% -55.7%
DE Market 2.1% -12.6% -22.9% -16.6% -21.9% -27.8%
1 Year Return vs Industry and Market
  • 3EAG underperformed the Consumer Services industry which returned 2.4% over the past year.
  • 3EAG underperformed the Market in Germany which returned -16.6% over the past year.
Price Volatility
3EAG
Industry
5yr Volatility vs Market

Value

 Is G8 Education 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 G8 Education 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 G8 Education.

DB:3EAG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 11 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.4%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

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:3EAG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Consumer Services Unlevered Beta Simply Wall St/ S&P Global 0.64
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.644 (1 + (1- 30%) (220.71%))
1.428
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.43
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.428 * 5.44%)
7.38%

Discounted Cash Flow Calculation for DB:3EAG using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for G8 Education 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:3EAG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 7.38%)
2020 50.03 Analyst x3 46.60
2021 83.38 Analyst x4 72.31
2022 80.35 Analyst x2 64.90
2023 78.34 Est @ -2.5% 58.93
2024 76.88 Est @ -1.87% 53.86
2025 75.79 Est @ -1.42% 49.44
2026 74.94 Est @ -1.11% 45.53
2027 74.27 Est @ -0.9% 42.03
2028 73.72 Est @ -0.74% 38.85
2029 73.25 Est @ -0.64% 35.95
Present value of next 10 years cash flows A$508.00
DB:3EAG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= A$73.25 × (1 + -0.39%) ÷ (7.38% – -0.39%)
A$939.32
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$939.32 ÷ (1 + 7.38%)10
A$460.97
DB:3EAG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$508.00 + A$460.97
A$968.97
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$968.97 / 460.18
A$2.11
DB:3EAG Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:3EAG represents 0.42593x of ASX:GEM
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.42593x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (AUD) x Listing Adjustment Factor
= A$ 2.11 x 0.42593
€0.90
Value per share (EUR) From above. €0.90
Current discount Discount to share price of €0.46
= -1 x (€0.46 - €0.90) / €0.90
48.7%

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

Current Discount
Amount off the current price G8 Education is available for.
Intrinsic value
49%
Share price is €0.46 vs Future cash flow value of €0.89685
Current Discount Checks
For G8 Education to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • G8 Education's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • G8 Education's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for G8 Education's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are G8 Education's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:3EAG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in AUD A$0.14
ASX:GEM Share Price ** ASX (2020-04-01) in AUD A$1.08
Europe Consumer Services Industry PE Ratio Median Figure of 12 Publicly-Listed Consumer Services Companies 15.21x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 16.83x

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

** Primary Listing of G8 Education.

DB:3EAG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 1.08 ÷ 0.14

7.9x

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

  • G8 Education is good value based on earnings compared to the Europe Consumer Services industry average.
  • G8 Education is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does G8 Education's expected growth come at a high price?
Raw Data
DB:3EAG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.9x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
11%per year
Europe Consumer Services Industry PEG Ratio Median Figure of 5 Publicly-Listed Consumer Services Companies 0.33x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

DB:3EAG PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 7.9x ÷ 11%

0.72x

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

  • G8 Education is good value based on expected growth next year.
Price based on value of assets
What value do investors place on G8 Education's assets?
Raw Data
DB:3EAG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in AUD A$1.83
ASX:GEM Share Price * ASX (2020-04-01) in AUD A$1.08
Europe Consumer Services Industry PB Ratio Median Figure of 22 Publicly-Listed Consumer Services Companies 2.18x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.45x
DB:3EAG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 1.08 ÷ 1.83

0.59x

* Primary Listing of G8 Education.

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

  • G8 Education is good value based on assets compared to the Europe Consumer Services industry average.
X
Value checks
We assess G8 Education'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 Consumer Services 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 Consumer Services industry average (and greater than 0)? (1 check)
  5. G8 Education has a total score of 6/6, 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 G8 Education expected to perform in the next 1 to 3 years based on estimates from 11 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
11%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is G8 Education expected to grow at an attractive rate?
  • G8 Education's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • G8 Education's earnings growth is positive but not above the Germany market average.
  • G8 Education's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:3EAG Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:3EAG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts 11%
DB:3EAG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts 3.6%
Europe Consumer Services Industry Earnings Growth Rate Market Cap Weighted Average 17.7%
Europe Consumer Services Industry Revenue Growth Rate Market Cap Weighted Average 7.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*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:3EAG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:3EAG Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 1,021 142 82 8
2021-12-31 983 140 78 11
2020-12-31 943 119 60 10
2020-04-08
DB:3EAG Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-12-31 917 154 63
2019-09-30 904 146 65
2019-06-30 890 139 67
2019-03-31 873 122 69
2018-12-31 856 106 72
2018-09-30 839 102 73
2018-06-30 822 98 74
2018-03-31 809 95 77
2017-12-31 796 92 81
2017-09-30 790 96 83
2017-06-30 785 100 86
2017-03-31 780 104 83

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • G8 Education's earnings are expected to grow by 11% yearly, however this is not considered high growth (20% yearly).
  • G8 Education's revenue is expected to grow by 3.6% 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
DB:3EAG 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 11 Analyst Estimates (S&P Global) See Below

All data from G8 Education Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:3EAG Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 0.18 0.21 0.12 7.00
2021-12-31 0.16 0.20 0.10 9.00
2020-12-31 0.12 0.17 0.00 9.00
2020-04-08
DB:3EAG Past Financials Data
Date (Data in AUD Millions) EPS *
2019-12-31 0.14
2019-09-30 0.14
2019-06-30 0.15
2019-03-31 0.15
2018-12-31 0.16
2018-09-30 0.16
2018-06-30 0.16
2018-03-31 0.18
2017-12-31 0.19
2017-09-30 0.20
2017-06-30 0.22
2017-03-31 0.22

*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.
  • G8 Education is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess G8 Education'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 Europe 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.
G8 Education 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 G8 Education 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 G8 Education's growth in the last year to its industry (Consumer Services).
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.
  • G8 Education's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • G8 Education's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • G8 Education's 1-year earnings growth is negative, it can't be compared to the Europe Consumer Services industry average.
Earnings and Revenue History
G8 Education'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 G8 Education Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:3EAG Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 916.63 62.59 11.75
2019-09-30 903.50 64.83 36.90
2019-06-30 890.38 67.07 62.05
2019-03-31 872.97 69.45 85.48
2018-12-31 855.56 71.83 108.92
2018-09-30 838.90 72.84 105.81
2018-06-30 822.24 73.85 102.70
2018-03-31 808.88 77.22 100.27
2017-12-31 795.52 80.58 97.85
2017-09-30 790.44 83.23 95.37
2017-06-30 785.36 85.88 92.88
2017-03-31 780.17 83.07 90.64
2016-12-31 774.97 80.27 88.40
2016-09-30 757.56 82.74 85.99
2016-06-30 740.15 85.21 83.59
2016-03-31 713.45 86.90 80.79
2015-12-31 686.75 88.58 77.99
2015-09-30 643.08 76.62 74.12
2015-06-30 599.41 64.66 70.24
2015-03-31 540.76 58.70 63.16
2014-12-31 482.11 52.73 56.09
2014-09-30 413.26 44.55 49.06
2014-06-30 344.41 36.36 42.03
2014-03-31 309.51 33.72 38.03
2013-12-31 274.62 31.07 34.02
2013-09-30 246.53 27.26 31.35
2013-06-30 218.45 23.45 28.67

*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.
  • G8 Education has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • G8 Education used its assets more efficiently than the Europe Consumer Services industry average last year based on Return on Assets.
  • G8 Education's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess G8 Education'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 Consumer Services 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.
G8 Education has a total score of 1/6, 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 G8 Education'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 G8 Education's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • G8 Education's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • G8 Education's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of G8 Education'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 0.2x 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 G8 Education Company Filings, last reported 3 months ago.

DB:3EAG Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 839.89 387.75 41.65
2019-09-30 839.89 387.75 41.65
2019-06-30 815.48 396.61 46.56
2019-03-31 815.48 396.61 46.56
2018-12-31 893.48 371.75 56.88
2018-09-30 893.48 371.75 56.88
2018-06-30 859.32 347.90 34.68
2018-03-31 859.32 347.90 34.68
2017-12-31 865.34 303.49 51.61
2017-09-30 865.34 303.49 51.61
2017-06-30 822.17 385.82 162.74
2017-03-31 822.17 385.82 162.74
2016-12-31 625.88 410.65 30.22
2016-09-30 625.88 410.65 30.22
2016-06-30 600.58 396.23 43.40
2016-03-31 600.58 396.23 43.40
2015-12-31 602.79 516.35 198.87
2015-09-30 602.79 516.35 198.87
2015-06-30 558.55 364.88 84.32
2015-03-31 558.55 364.88 84.32
2014-12-31 542.01 353.17 122.17
2014-09-30 542.01 353.17 122.17
2014-06-30 431.57 262.52 154.96
2014-03-31 431.57 262.52 154.96
2013-12-31 304.79 114.50 114.04
2013-09-30 304.79 114.50 114.04
2013-06-30 218.57 47.96 32.16
  • G8 Education's level of debt (46.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (39.5% vs 46.2% today).
  • Debt is well covered by operating cash flow (39.7%, 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 G8 Education'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. G8 Education has a total score of 1/6, 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 G8 Education'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
9.95%
Current annual income from G8 Education dividends. Estimated to be 10.71% next year.
If you bought €2,000 of G8 Education shares you are expected to receive €199 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?
  • G8 Education's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.67%).
  • G8 Education's dividend is above the markets top 25% of dividend payers in Germany (4.71%).
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:3EAG 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 11 Analyst Estimates (S&P Global) See Below
Europe Consumer Services Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 2.6%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.7%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.7%

Industry and Market average data is calculated daily.

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

DB:3EAG Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.13 8.00
2021-12-31 0.12 11.00
2020-12-31 0.10 11.00
2020-04-08
DB:3EAG Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2020-02-24 0.108 11.230
2019-08-26 0.128 5.955
2019-02-25 0.225 7.628
2018-08-27 0.205 8.297
2018-02-23 0.220 8.811
2017-09-20 0.240 6.337
2017-06-19 0.240 6.352
2017-03-20 0.240 6.555
2017-01-10 0.240 6.453
2016-08-15 0.240 7.405
2015-12-11 0.240 6.543
2015-08-31 0.240 7.511
2015-06-10 0.240 7.332
2015-03-23 0.240 6.516
2014-12-04 0.240 5.793
2014-08-11 0.200 3.969
2014-06-18 0.180 3.847
2014-03-18 0.140 3.051
2013-12-10 0.140 4.066
2013-09-17 0.120 3.767
2013-06-11 0.120 4.517
2013-02-20 0.100 4.638
2012-12-17 0.080 4.965
2012-08-27 0.060 4.466
2012-02-27 0.040 4.321
2011-09-21 0.040 6.903
2011-06-17 0.040 5.989
2011-03-18 0.040 4.339
2010-12-13 0.040 4.166
2010-09-09 0.040 5.005

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of G8 Education's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.5x coverage).
X
Income/ dividend checks
We assess G8 Education'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 G8 Education afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. G8 Education has a total score of 5/6, 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 G8 Education'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
Gary Carroll
COMPENSATION A$762,371
TENURE AS CEO 3.3 years
CEO Bio

Mr. Gary G. Carroll, B.Comm (Hons), B.Law (Hons), CPA, has been Chief Executive Officer, Managing Director and Executive Director of G8 Education Limited since January 1, 2017. Mr. Carroll is responsible for managing the external and internal operations of the Group and providing consistent high level advice to the Board on operations, policy and planning. Gary has over 15 years’ experience in senior leadership roles covering a number of industries. He served as Chief Financial Officer and Company Secretary of G8 Education Limited since July 25, 2016 until January 4, 2017 and October 18, 2016 until January 4, 2017 respectively. Mr. Carroll has over 15 years of experience in accounting, treasury and banking areas across a number of industry sectors. He served as the Chief Supply Chain Officer of Super Retail Group Limited until July 22, 2016. He served as General Manager Group Development and General Manager Group Logistics at Super Retail Group Limited., since June 30, 2014. He served as the General Manager of Group Supply Chain at Super Retail Group Limited since July 2014. He served as General Manager of Group Development at Super Retail Group Limited from December 1, 2012 to July 2014 and served as its Group Chief Financial Officer from April 17 2006 to December 1, 2012. He joined Super Cheap Auto Group Ltd. in April 2006. After commencing his career with Ernst & Young, he served in senior management positions with companies such as Citibank, Duke Energy and Flight Centre. He served as a Director of Super Cheap Auto (New Zealand) Pty Limited until November 12, 2012. Mr Carroll holds Bachelor of Commerce (Hons) and Bachelor of Law (Honours) degrees from the University of Queensland, and is a Fellow of CPA Australia.

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

Average tenure of the G8 Education management team in years:

2.6
Average Tenure
  • The tenure for the G8 Education management team is about average.
Management Team

Gary Carroll

TITLE
CEO, MD & Executive Director
COMPENSATION
A$762K
TENURE
3.3 yrs

Sharyn Williams

TITLE
Chief Financial Officer
COMPENSATION
A$439K
TENURE
3.2 yrs

Jason Ball

TITLE
General Manager of Operations
COMPENSATION
A$447K
TENURE
2.8 yrs

Peter Nelson

TITLE
Chief Information Officer

Tracey Wood

TITLE
General Counsel & Company Secretary
TENURE
1.9 yrs

Jenni Marsh

TITLE
General Manager of Safety
TENURE
1.8 yrs

Greg Bowell

TITLE
General Manager of Marketing
TENURE
2.4 yrs

Jessica Battersby

TITLE
General Manager of Human Resources
Board of Directors Tenure

Average tenure and age of the G8 Education board of directors in years:

4.2
Average Tenure
50.5
Average Age
  • The tenure for the G8 Education board of directors is about average.
Board of Directors

Mark Johnson

TITLE
Independent Non-Executive Chairman
COMPENSATION
A$285K
AGE
61
TENURE
4.3 yrs

Gary Carroll

TITLE
CEO, MD & Executive Director
COMPENSATION
A$762K
TENURE
3.3 yrs

Brian Bailison

TITLE
Independent Non-Executive Director
COMPENSATION
A$165K
AGE
48
TENURE
10.1 yrs

David Foster

TITLE
Independent Non Executive Director
COMPENSATION
A$165K
AGE
50
TENURE
4.2 yrs

Susan Forrester

TITLE
Independent Non-Executive Director
COMPENSATION
A$165K
AGE
51
TENURE
8.4 yrs

Julie Cogin

TITLE
Independent Non-Executive Director
COMPENSATION
A$140K
TENURE
2.6 yrs

Margaret Zabel

TITLE
Independent Non-Executive Director
COMPENSATION
A$140K
TENURE
2.6 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by G8 Education individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
31. Mar 20 Buy First Sentier Investors (Australia) IM Ltd Company 18. Mar 20 26. Mar 20 6,386,877 €0.36 €2,275,814
26. Mar 20 Sell Legg Mason, Inc. Company 17. Mar 20 17. Mar 20 -3,078,252 €0.43 €-1,335,913
23. Mar 20 Sell Morgan Stanley, Investment Banking and Brokerage Investments Company 17. Mar 20 17. Mar 20 -1,270,058 €0.59 €-746,713
23. Mar 20 Buy Morgan Stanley, Investment Banking and Brokerage Investments Company 17. Mar 20 17. Mar 20 1,064,042 €0.44 €472,251
23. Mar 20 Buy Orbis Investment Management Limited Company 17. Mar 20 19. Mar 20 6,659,724 €0.43 €2,739,651
23. Mar 20 Sell Legg Mason, Inc. Company 13. Mar 20 16. Mar 20 -7,873,663 €0.50 €-3,966,490
18. Mar 20 Buy Orbis Investment Management Limited Company 11. Mar 20 16. Mar 20 7,026,221 €0.61 €3,628,579
18. Mar 20 Buy AMP Capital Investors Limited Company 16. Mar 20 16. Mar 20 93,778 €0.49 €46,372
13. Mar 20 Buy Mark Johnson Individual 12. Mar 20 12. Mar 20 20,000 €0.65 €12,918
12. Mar 20 Buy Orbis Investment Management Limited Company 06. Mar 20 10. Mar 20 4,614,320 €0.80 €3,452,592
12. Mar 20 Buy AMP Capital Investors Limited Company 06. Mar 20 09. Mar 20 81,554 €0.74 €60,549
11. Mar 20 Buy Julie Cogin Individual 11. Mar 20 11. Mar 20 10,000 €0.71 €7,056
11. Mar 20 Buy David Foster Individual 11. Mar 20 11. Mar 20 7,968 €0.72 €5,760
10. Mar 20 Buy Brian Bailison Individual 10. Mar 20 10. Mar 20 10,000 €0.74 €7,391
25. Nov 19 Buy Gary Carroll Individual 19. Nov 19 19. Nov 19 10,000 €1.32 €13,187
22. Nov 19 Buy Mark Johnson Individual 20. Nov 19 20. Nov 19 10,000 €1.21 €12,092
10. Nov 19 Sell Dimensional Fund Advisors L.P. Company 08. Jul 19 23. Oct 19 -871,126 €1.74 €-1,452,918
10. Nov 19 Buy Dimensional Fund Advisors L.P. Company 08. Jul 19 07. Nov 19 2,140,269 €1.78 €3,546,576
30. Sep 19 Sell Legg Mason, Inc. Company 08. Jul 19 11. Sep 19 -486,944 €1.67 €-814,209
30. Sep 19 Buy Legg Mason, Inc. Company 04. Jul 19 26. Sep 19 3,579,565 €1.61 €5,745,842
29. Aug 19 Sell Nikko Asset Management Co., Ltd. Company 08. Aug 19 27. Aug 19 -1,420 €1.62 €-2,304
29. Aug 19 Buy Nikko Asset Management Co., Ltd. Company 08. Aug 19 27. Aug 19 4,930,200 €1.32 €6,495,165
29. Aug 19 Sell Greencape Capital Pty Ltd Company 08. Jul 19 27. Aug 19 -11,558,199 €1.41 €-16,347,285
29. Aug 19 Buy Greencape Capital Pty Ltd Company 26. Jun 19 13. Aug 19 3,280,084 €1.76 €5,780,771
09. Aug 19 Buy Nikko Asset Management Co., Ltd. Company 10. Jul 19 07. Aug 19 9,014,855 €1.69 €14,524,088
11. Jul 19 Sell Nikko Asset Management Co., Ltd. Company 05. Dec 18 09. Jul 19 -9,848,983 €1.96 €-19,180,872
11. Jul 19 Buy Nikko Asset Management Co., Ltd. Company 05. Dec 18 09. Jul 19 15,389,607 €1.85 €28,471,965
27. Jun 19 Sell Greencape Capital Pty Ltd Company 10. May 19 20. Jun 19 -90,516 €1.83 €-166,041
27. Jun 19 Buy Greencape Capital Pty Ltd Company 05. Apr 19 25. Jun 19 3,459,432 €1.80 €6,213,761
24. Apr 19 Sell Challenger Limited Company 18. Dec 18 16. Apr 19 -2,866,233 €1.92 €-5,500,652
24. Apr 19 Buy Challenger Limited Company 18. Dec 18 18. Apr 19 6,878,380 €1.97 €13,573,028
23. Apr 19 Buy Mark Johnson Individual 18. Apr 19 18. Apr 19 5,000 €1.90 €9,524
X
Management checks
We assess G8 Education'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. G8 Education 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

Company Info

Description

G8 Education Limited owns, operates, franchises, and manages child care centers. The company provides educational child care services. It operates 492 centers in Australia and Singapore. The company was founded in 2006 and is headquartered in Varsity Lakes, Australia.

Details
Name: G8 Education Limited
3EAG
Exchange: DB
Founded: 2006
A$280,087,553
460,176,931
Website: http://www.g8education.edu.au
Address: G8 Education Limited
159 Varsity Parade,
Varsity Lakes,
Queensland, 4227,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX GEM Ordinary Shares Australian Securities Exchange AU AUD 26. Mar 2010
DB 3EAG Ordinary Shares Deutsche Boerse AG DE EUR 26. Mar 2010
CHIA GEM Ordinary Shares Chi-X Australia AU AUD 26. Mar 2010
Number of employees
Current staff
Staff numbers
10,426
G8 Education employees.
Industry
Education Services
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 00:55
End of day share price update: 2020/04/01 00:00
Last estimates confirmation: 2020/03/31
Last earnings filing: 2020/02/23
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.