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Ardent Leisure Group

DB:MD8B
Snowflake Description

Fair value with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MD8B
DB
A$139M
Market Cap
  1. Home
  2. DE
  3. Consumer Services
Company description

Ardent Leisure Group Limited invests in and operates leisure and entertainment businesses in Australia and the United States. The last earnings update was 46 days ago. More info.


Add to Portfolio Compare Print
  • Ardent Leisure Group has significant price volatility in the past 3 months.
MD8B Share Price and Events
7 Day Returns
73.1%
DB:MD8B
-6.9%
DE Hospitality
-0.6%
DE Market
1 Year Returns
-81%
DB:MD8B
-48.1%
DE Hospitality
-20.9%
DE Market
MD8B Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Ardent Leisure Group (MD8B) 73.1% -62.9% -84% -81% -90% -
DE Hospitality -6.9% -31.2% -57.5% -48.1% -63.2% -70.6%
DE Market -0.6% -16.6% -26% -20.9% -25.8% -31.8%
1 Year Return vs Industry and Market
  • MD8B underperformed the Hospitality industry which returned -48.1% over the past year.
  • MD8B underperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
MD8B
Industry
5yr Volatility vs Market

MD8B Value

 Is Ardent Leisure 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 Ardent Leisure 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 Ardent Leisure Group.

DB:MD8B Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.5%
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:MD8B
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.78
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.782 (1 + (1- 30%) (399.05%))
2.318
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (2 * 5.44%)
10.49%

Discounted Cash Flow Calculation for DB:MD8B using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Ardent Leisure Group 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:MD8B DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 10.49%)
2020 -64.00 Analyst x1 -57.92
2021 15.00 Analyst x1 12.29
2022 22.89 Est @ 52.63% 16.97
2023 31.30 Est @ 36.72% 21.00
2024 39.31 Est @ 25.59% 23.87
2025 46.31 Est @ 17.79% 25.45
2026 52.02 Est @ 12.34% 25.88
2027 56.45 Est @ 8.52% 25.42
2028 59.75 Est @ 5.85% 24.35
2029 62.13 Est @ 3.98% 22.91
Present value of next 10 years cash flows A$140.00
DB:MD8B DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= A$62.13 × (1 + -0.39%) ÷ (10.49% – -0.39%)
A$568.81
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$568.81 ÷ (1 + 10.49%)10
A$209.77
DB:MD8B Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$140.00 + A$209.77
A$349.77
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$349.77 / 479.71
A$0.73
DB:MD8B Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:MD8B represents 0.46552x of ASX:ALG
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.46552x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (AUD) x Listing Adjustment Factor
= A$ 0.73 x 0.46552
€0.34
Value per share (EUR) From above. €0.34
Current discount Discount to share price of €0.14
= -1 x (€0.14 - €0.34) / €0.34
60.2%

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

Current Discount
Amount off the current price Ardent Leisure Group is available for.
Intrinsic value
>50%
Share price is €0.135 vs Future cash flow value of €0.33942
Current Discount Checks
For Ardent Leisure Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Ardent Leisure Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Ardent Leisure Group'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 Ardent Leisure Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Ardent Leisure Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:MD8B PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in AUD A$-0.13
ASX:ALG Share Price ** ASX (2020-04-03) in AUD A$0.29
Germany Hospitality Industry PE Ratio Median Figure of 9 Publicly-Listed Hospitality Companies 21.1x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.45x

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

** Primary Listing of Ardent Leisure Group.

DB:MD8B PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 0.29 ÷ -0.13

-2.27x

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

  • Ardent Leisure Group is loss making, we can't compare its value to the DE Hospitality industry average.
  • Ardent Leisure Group is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Ardent Leisure Group's expected growth come at a high price?
Raw Data
DB:MD8B PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2.27x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
63.6%per year
Europe Hospitality Industry PEG Ratio Median Figure of 63 Publicly-Listed Hospitality Companies 0.96x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.16x

*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 Ardent Leisure Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Ardent Leisure Group's assets?
Raw Data
DB:MD8B PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in AUD A$0.75
ASX:ALG Share Price * ASX (2020-04-03) in AUD A$0.29
Germany Hospitality Industry PB Ratio Median Figure of 12 Publicly-Listed Hospitality Companies 1.73x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:MD8B PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.29 ÷ 0.75

0.38x

* Primary Listing of Ardent Leisure Group.

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

  • Ardent Leisure Group is good value based on assets compared to the DE Hospitality industry average.
X
Value checks
We assess Ardent Leisure 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 Hospitality 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 Hospitality industry average (and greater than 0)? (1 check)
  5. Ardent Leisure Group 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.

MD8B Future Performance

 How is Ardent Leisure Group expected to perform in the next 1 to 3 years based on estimates from 4 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
63.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Ardent Leisure Group expected to grow at an attractive rate?
  • Unable to compare Ardent Leisure Group's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
Growth vs Market Checks
  • Unable to compare Ardent Leisure Group's earnings growth to the Germany market average as it is expected to be loss making during the next 1-3 years.
  • Ardent Leisure Group's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:MD8B Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:MD8B Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 63.6%
DB:MD8B Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 12.3%
Germany Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 28.9%
Germany Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4%

*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:MD8B Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:MD8B Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-06-30 661 112 -4 3
2021-06-30 537 76 -16 4
2020-06-30 497 78 -30 4
2020-04-06
DB:MD8B Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-12-31 523 96 -61
2019-09-30 508 64 -61
2019-06-25 493 32 -60
2019-03-25 480 30 -89
2018-12-25 468 27 -118
2018-09-25 452 42 -118
2018-06-26 436 57 -119
2018-03-26 415 56 -78
2017-12-31 395 56 -38
2017-09-30 383 64 -75
2017-06-30 372 72 -113
2017-03-31 398 95 -100

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Ardent Leisure Group is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • Ardent Leisure Group's revenue is expected to grow by 12.3% 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:MD8B 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 4 Analyst Estimates (S&P Global) See Below

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

DB:MD8B Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-06-30 0.00 0.01 -0.01 3.00
2021-06-30 -0.03 0.02 -0.10 4.00
2020-06-30 -0.06 -0.03 -0.12 4.00
2020-04-06
DB:MD8B Past Financials Data
Date (Data in AUD Millions) EPS *
2019-12-31 -0.13
2019-09-30 -0.13
2019-06-25 -0.13
2019-03-25 -0.19
2018-12-25 -0.25
2018-09-25 -0.25
2018-06-26 -0.25
2018-03-26 -0.17
2017-12-31 -0.08
2017-09-30 -0.16
2017-06-30 -0.24
2017-03-31 -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.
  • Unable to establish if Ardent Leisure Group will efficiently use shareholders’ funds in the future (Return on Equity greater than 20%) as it is not expected to be profitable.
X
Future performance checks
We assess Ardent Leisure 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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany 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.
Ardent Leisure 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.

MD8B Past Performance

  How has Ardent Leisure 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 Ardent Leisure Group's growth in the last year to its industry (Hospitality).
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.
  • Ardent Leisure Group does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Ardent Leisure Group's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Ardent Leisure Group's 1-year growth to the DE Hospitality industry average as it is not currently profitable.
Earnings and Revenue History
Ardent Leisure 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 Ardent Leisure Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:MD8B Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 523.46 -61.25 233.23
2019-09-30 507.98 -60.76 227.96
2019-06-25 492.50 -60.27 222.69
2019-03-25 480.37 -89.13 220.85
2018-12-25 468.24 -117.99 219.00
2018-09-25 452.06 -118.40 207.92
2018-06-26 435.89 -118.81 196.83
2018-03-26 415.28 -78.19 190.84
2017-12-31 394.67 -37.57 184.85
2017-09-30 383.39 -75.38 181.89
2017-06-30 372.11 -113.18 178.93
2017-03-31 398.41 -100.00 182.57
2016-12-31 424.72 -86.82 186.20
2016-09-30 450.89 -29.62 191.51
2016-06-30 477.06 27.58 196.82
2015-12-31 516.67 20.84 220.75
2015-09-30 544.16 22.04 231.21
2015-06-30 571.65 23.23 241.67
2015-03-31 564.78 38.73 232.55
2014-12-31 534.95 45.33 219.49
2014-09-30 517.33 47.17 211.84
2014-06-30 499.70 49.00 204.19
2014-03-31 489.77 42.85 200.85
2013-12-31 479.85 36.69 197.52
2013-09-30 464.37 36.15 191.28
2013-06-30 448.90 35.62 185.04

*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.
  • It is difficult to establish if Ardent Leisure Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Ardent Leisure Group has efficiently used its assets last year compared to the DE Hospitality industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Ardent Leisure Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Ardent Leisure 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 Hospitality 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.
Ardent Leisure 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.

MD8B Health

 How is Ardent Leisure 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 Ardent Leisure Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Ardent Leisure Group's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Ardent Leisure Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Ardent Leisure 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.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Ardent Leisure Group Company Filings, last reported 3 months ago.

DB:MD8B Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 361.52 182.29 57.93
2019-09-30 361.52 182.29 57.93
2019-06-25 385.10 169.93 92.33
2019-03-25 385.10 169.93 92.33
2018-12-25 422.76 97.64 17.84
2018-09-25 422.76 97.64 17.84
2018-06-26 444.12 27.88 17.30
2018-03-26 444.12 27.88 17.30
2017-12-31 513.80 163.10 22.04
2017-09-30 513.80 163.10 22.04
2017-06-30 531.72 233.91 10.84
2017-03-31 531.72 233.91 10.84
2016-12-31 564.63 166.22 22.25
2016-09-30 564.63 166.22 22.25
2016-06-30 619.98 317.04 9.07
2015-12-31 592.65 330.61 2.45
2015-09-30 592.65 330.61 2.45
2015-06-30 579.48 280.85 4.99
2015-03-31 579.48 280.85 4.99
2014-12-31 579.95 294.07 10.65
2014-09-30 579.95 294.07 10.65
2014-06-30 505.50 261.65 7.08
2014-03-31 505.50 261.65 7.08
2013-12-31 501.07 232.88 10.82
2013-09-30 501.07 232.88 10.82
2013-06-30 487.29 229.46 12.95
  • Ardent Leisure Group's level of debt (50.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (35.6% vs 50.4% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Ardent Leisure Group has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Ardent Leisure Group has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 24.2% per year.
X
Financial health checks
We assess Ardent Leisure 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. Ardent Leisure Group 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.

MD8B Dividends

 What is Ardent Leisure 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
0%
Current annual income from Ardent Leisure Group dividends. Estimated to be 2% next year.
If you bought €2,000 of Ardent Leisure Group 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 Ardent Leisure Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Ardent Leisure Group'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:MD8B 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 4 Analyst Estimates (S&P Global) See Below
Germany Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 11.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 315 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

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

DB:MD8B Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2022-06-30 0.01 4.00
2021-06-30 0.01 5.00
2020-06-30 0.00 4.00
2020-04-06
DB:MD8B Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2020-02-20 0.000 0.000
2019-08-23 0.000 0.000
2019-08-22 0.000 0.000
2019-02-21 0.000 0.000
2018-06-19 0.085 5.150
2018-02-26 0.030 1.555
2017-08-23 0.020 1.074
2016-12-16 0.075 3.738
2016-08-23 0.125 5.248
2015-12-16 0.125 5.957
2015-06-18 0.125 5.111
2014-08-18 0.130 5.001
2013-08-21 0.120 5.428
2012-12-14 0.118 7.449
2012-08-22 0.117 8.597
2011-09-22 0.115 9.942
2011-08-17 0.115 10.584
2010-06-17 0.108 9.302
2010-02-18 0.143 11.286
2009-06-18 0.143 9.604

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

  • Unable to perform a dividend volatility check as Ardent Leisure Group has not reported any payouts.
  • Unable to verify if Ardent Leisure Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Ardent Leisure Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Ardent Leisure Group has not reported any payouts.
Future Payout to shareholders
  • The company is expected to pay a dividend in 3 years whilst incurring a loss, therefore the dividend is not expected to be well covered.
X
Income/ dividend checks
We assess Ardent Leisure Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 Ardent Leisure Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Ardent Leisure Group has a total score of 0/6, see the detailed checks below.


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

MD8B Management

 What is the CEO of Ardent Leisure 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
John Osborne
COMPENSATION A$557,389
TENURE AS CEO 1.4 years
CEO Bio

Mr. John Osborne served as the Chief Executive Officer at Lantern Hotel Group from August 19, 2015 to May 26, 2017. Mr. Osborne served as the Chief Executive Officer at Next Generation Health and Lifestyle Clubs. He served as the Chief Executive Officer at Mingara Recreation Club Ltd. Mr. Osborne served as Chief Operating Officer and Executive General Manager of Gaming and Product Development at Burswood Limited. He also served as the Chief Executive Officer at Accor Vacation Club. Mr. Osborne has a wealth of experience, having held CEO, senior executive and board positions in the Leisure, Tourism and Hospitality sectors for over 25 years. He served as Chief Executive Officer of Recreational Tourism Group.

CEO Compensation
  • Insufficient data for John to compare compensation growth.
  • John's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the Ardent Leisure Group management team in years:

2
Average Tenure
  • The tenure for the Ardent Leisure Group management team is about average.
Management Team

Darin Harper

TITLE
Group Chief Financial Officer
COMPENSATION
A$884K
AGE
44
TENURE
1.8 yrs

Chris Morris

TITLE
President & CEO of US Entertainment Centres
COMPENSATION
A$1M
AGE
48
TENURE
2.2 yrs

John Osborne

TITLE
Chief Executive Officer of the Theme Parks Division
COMPENSATION
A$557K
TENURE
1.4 yrs

Bronwyn Weir

TITLE
Company Secretary
TENURE
3 yrs
Board of Directors Tenure

Average tenure and age of the Ardent Leisure Group board of directors in years:

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

Gary Weiss

TITLE
Chairman
COMPENSATION
A$210K
AGE
66
TENURE
2.6 yrs

David Haslingden

TITLE
Lead Independent Director
COMPENSATION
A$148K
AGE
58
TENURE
1.9 yrs

Toni Korsanos

TITLE
Independent Director
COMPENSATION
A$145K
AGE
49
TENURE
1.8 yrs

Randy Garfield

TITLE
Independent Director
COMPENSATION
A$161K
AGE
67
TENURE
2.7 yrs

Brad Richmond

TITLE
Independent Director
COMPENSATION
A$169K
AGE
60
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. May 19 Buy First Sentier Investors (Australia) IM Ltd Company 29. May 19 29. May 19 128,226 €0.76 €97,890
21. Jun 19 Buy First Sentier Investors (Australia) IM Ltd Company 18. Jun 19 19. Jun 19 26,528 €0.68 €17,919
14. Jun 19 Sell First Sentier Investors (Australia) IM Ltd Company 05. Jun 19 05. Jun 19 -5,996 €0.73 €-4,351
14. Jun 19 Buy First Sentier Investors (Australia) IM Ltd Company 05. Jun 19 05. Jun 19 5,996 €0.73 €4,351
24. Oct 19 Sell Sun Hung Kai & Co. Limited, Asset Management Arm Company 28. Mar 19 11. Oct 19 -19,015,442 €0.87 €-16,638,343
06. Dec 19 Buy Viburnum Funds Pty Ltd. Company 19. Nov 19 05. Dec 19 5,811,584 €0.72 €4,164,441
22. Nov 19 Buy Randy Garfield Individual 20. Nov 19 20. Nov 19 30,000 €0.73 €21,761
18. Nov 19 Buy Viburnum Funds Pty Ltd. Company 24. Jun 19 24. Jun 19 1,091,375 €0.62 €681,661
04. Sep 19 Buy David Haslingden Individual 30. Aug 19 30. Aug 19 192,307 €0.63 €121,257
14. Aug 19 Sell Nikko Asset Management Co., Ltd. Company 07. Feb 19 09. Aug 19 -3,644,766 €0.72 €-2,619,798
14. Aug 19 Buy Nikko Asset Management Co., Ltd. Company 07. Feb 19 09. Aug 19 12,184,282 €0.75 €9,127,381
26. Jun 19 Buy Viburnum Funds Pty Ltd. Company 24. Jun 19 24. Jun 19 1,091,375 €0.62 €681,661
16. Jun 19 Buy Viburnum Funds Pty Ltd. Company 13. Jun 19 13. Jun 19 2,500,000 €0.69 €1,727,916
02. Jun 19 Buy Viburnum Funds Pty Ltd. Company 29. May 19 29. May 19 2,000,000 €0.77 €1,539,251
16. May 19 Buy Viburnum Funds Pty Ltd. Company 15. May 19 15. May 19 2,200,000 €0.77 €1,694,622
02. May 19 Sell First Sentier Investors (Australia) IM Ltd Company 16. Apr 19 16. Apr 19 -4,776 €0.77 €-3,687
02. May 19 Buy First Sentier Investors (Australia) IM Ltd Company 08. Apr 19 16. Apr 19 121,769 €0.79 €95,604
15. Apr 19 Buy Viburnum Funds Pty Ltd. Company 10. Apr 19 15. Apr 19 1,864,397 €0.75 €1,396,636
15. Apr 19 Buy David Haslingden Individual 11. Apr 19 11. Apr 19 171,673 €0.74 €127,070
10. Apr 19 Buy Carl Richmond Individual 08. Apr 19 08. Apr 19 261,550 €0.73 €190,219
X
Management checks
We assess Ardent Leisure 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. Ardent Leisure 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.

MD8B News

Simply Wall St News

MD8B Company Info

Description

Ardent Leisure Group Limited invests in and operates leisure and entertainment businesses in Australia and the United States. The company operates through Main Event and Theme Parks segments. The company operates 42 main event sites in Texas, Arizona, Georgia, Illinois, Kentucky, Missouri, New Mexico, Ohio, Oklahoma, Kansas, Florida, Indiana, Pennsylvania, Tennessee, Maryland, Delaware, and Colorado, as well as Dreamworld and WhiteWater World in Coomera, Queensland; and the SkyPoint observation deck and climb in Surfers Paradise, Queensland. Ardent Leisure Group Limited was incorporated in 2018 and is based in North Sydney, Australia.

Details
Name: Ardent Leisure Group Limited
MD8B
Exchange: DB
Founded: 2018
A$77,486,603
479,706,016
Website: http://www.ardentleisure.com
Address: Ardent Leisure Group Limited
60 Miller Street,
Level 8,
North Sydney,
New South Wales, 2060,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX ALG Share Capital Australian Securities Exchange AU AUD 02. Jul 1998
DB MD8B Share Capital Deutsche Boerse AG DE EUR 02. Jul 1998
CHIA ALG Share Capital Chi-X Australia AU AUD 02. Jul 1998
OTCPK ANRR.F Common Stock Pink Sheets LLC US USD 06. Apr 2020
Number of employees
Current staff
Staff numbers
0
Ardent Leisure Group employees.
Industry
Leisure Facilities
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 05:20
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/03/31
Last earnings filing: 2020/02/20
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/06/25


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.