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AusNet Services

DB:S6N
Snowflake Description

Questionable track record unattractive dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
S6N
DB
A$7B
Market Cap
  1. Home
  2. DE
  3. Utilities
Company description

AusNet Services Ltd owns and operates an electricity transmission network in Australia. The last earnings update was 147 days ago. More info.


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S6N Share Price and Events
7 Day Returns
0.5%
DB:S6N
0.2%
Europe Electric Utilities
-0.6%
DE Market
1 Year Returns
-9.6%
DB:S6N
-2.6%
Europe Electric Utilities
-20.9%
DE Market
S6N Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
AusNet Services (S6N) 0.5% 0.5% -7.1% -9.6% -16.7% -7.3%
Europe Electric Utilities 0.2% -18.2% -13.1% -2.6% 19.9% -3%
DE Market -0.6% -16.6% -26% -20.9% -25.8% -31.8%
1 Year Return vs Industry and Market
  • S6N underperformed the Electric Utilities industry which returned -2.6% over the past year.
  • S6N outperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
S6N
Industry
5yr Volatility vs Market

S6N Value

 Is AusNet Services 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 AusNet Services 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 AusNet Services.

DB:S6N Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-09-30) in AUD A$ 0.10444538461538
Payout Ratio Company Filings (2019-09-30) 9725.3%
Discount Rate (Cost of Equity) See below 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:S6N
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Electric Utilities Unlevered Beta Simply Wall St/ S&P Global 0.25
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.245 (1 + (1- 30%) (133.1%))
0.648
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.8 * 5.44%)
3.96%

Discounted Cash Flow Calculation for DB:S6N using Dividend Discount Model Model

The calculations below outline how an intrinsic value for AusNet Services is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

DB:S6N Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= A$0.1 / (3.96% - -0.39%)
A$0.71
DB:S6N Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:S6N represents 0.5442x of ASX:AST
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.5442x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (AUD) x Listing Adjustment Factor
= A$ 2.40 x 0.5442
€1.31
Value per share (EUR) From above. €1.31
Current discount Discount to share price of €0.99
= -1 x (€0.99 - €1.31) / €1.31
24.6%

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

Current Discount
Amount off the current price AusNet Services is available for.
Intrinsic value
25%
Share price is €0.99 vs Future cash flow value of €1.31
Current Discount Checks
For AusNet Services to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • AusNet Services's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • AusNet Services'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 AusNet Services's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are AusNet Services's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:S6N PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in AUD A$0.07
ASX:AST Share Price ** ASX (2020-04-06) in AUD A$1.81
Europe Electric Utilities Industry PE Ratio Median Figure of 76 Publicly-Listed Electric Utilities Companies 10.33x
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 AusNet Services.

DB:S6N PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 1.81 ÷ 0.07

27.05x

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

  • AusNet Services is overvalued based on earnings compared to the Europe Electric Utilities industry average.
  • AusNet Services is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does AusNet Services's expected growth come at a high price?
Raw Data
DB:S6N PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 27.05x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
4.4%per year
Europe Electric Utilities Industry PEG Ratio Median Figure of 37 Publicly-Listed Electric Utilities Companies 1.51x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.16x

*Line of best fit is calculated by linear regression .

DB:S6N PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 27.05x ÷ 4.4%

6.15x

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

  • AusNet Services is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on AusNet Services's assets?
Raw Data
DB:S6N PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in AUD A$0.84
ASX:AST Share Price * ASX (2020-04-06) in AUD A$1.81
Europe Electric Utilities Industry PB Ratio Median Figure of 87 Publicly-Listed Electric Utilities Companies 0.76x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:S6N PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 1.81 ÷ 0.84

2.16x

* Primary Listing of AusNet Services.

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

  • AusNet Services is overvalued based on assets compared to the Europe Electric Utilities industry average.
X
Value checks
We assess AusNet Services'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 Electric Utilities 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 Electric Utilities industry average (and greater than 0)? (1 check)
  5. AusNet Services has a total score of 1/6, see the detailed checks below.

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

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

S6N Future Performance

 How is AusNet Services 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
4.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is AusNet Services expected to grow at an attractive rate?
  • AusNet Services's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • AusNet Services's earnings growth is positive but not above the Germany market average.
  • AusNet Services's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:S6N Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:S6N Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts 4.4%
DB:S6N Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts 2.6%
Europe Electric Utilities Industry Earnings Growth Rate Market Cap Weighted Average 9.6%
Europe Electric Utilities Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
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:S6N Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 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:S6N Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2025-03-31 2,281 353 1
2024-03-31 2,198 322 1
2023-03-31 2,009 745 302 2
2022-03-31 2,011 810 265 9
2021-03-31 1,988 795 274 11
2020-04-07
2020-03-31 1,935 729 266 11
DB:S6N Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-09-30 1,886 761 244
2019-06-30 1,874 787 249
2019-03-31 1,862 814 254
2018-12-31 1,849 827 262
2018-09-30 1,837 840 269
2018-06-30 1,873 863 280
2018-03-31 1,910 886 291
2017-12-31 1,920 880 286
2017-09-30 1,930 873 280
2017-06-30 1,906 808 268
2017-03-31 1,882 743 255
2016-12-31 1,876 747 274

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • AusNet Services's earnings are expected to grow by 4.4% yearly, however this is not considered high growth (20% yearly).
  • AusNet Services's revenue is expected to grow by 2.6% 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:S6N Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below

All data from AusNet Services Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:S6N Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2025-03-31
2024-03-31
2023-03-31 0.05 0.05 0.05 1.00
2022-03-31 0.07 0.10 0.06 7.00
2021-03-31 0.08 0.10 0.06 9.00
2020-04-07
2020-03-31 0.08 0.10 0.06 9.00
DB:S6N Past Financials Data
Date (Data in AUD Millions) EPS *
2019-09-30 0.07
2019-06-30 0.07
2019-03-31 0.07
2018-12-31 0.07
2018-09-30 0.07
2018-06-30 0.08
2018-03-31 0.08
2017-12-31 0.08
2017-09-30 0.08
2017-06-30 0.07
2017-03-31 0.07
2016-12-31 0.08

*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.
  • AusNet Services is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess AusNet Services'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.
AusNet Services 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.

S6N Past Performance

  How has AusNet Services 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 AusNet Services's growth in the last year to its industry (Electric Utilities).
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.
  • AusNet Services's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • AusNet Services's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • AusNet Services's 1-year earnings growth is negative, it can't be compared to the Europe Electric Utilities industry average.
Earnings and Revenue History
AusNet Services'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 AusNet Services Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:S6N Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 1,886.40 244.20 278.30
2019-06-30 1,873.95 249.05 284.00
2019-03-31 1,861.50 253.90 289.70
2018-12-31 1,849.20 261.55 289.95
2018-09-30 1,836.90 269.20 288.60
2018-06-30 1,873.35 280.30 295.60
2018-03-31 1,909.80 291.40 302.60
2017-12-31 1,919.80 285.80 326.50
2017-09-30 1,929.80 280.20 350.40
2017-06-30 1,905.65 267.65 357.00
2017-03-31 1,881.50 255.10 363.60
2016-12-31 1,876.00 274.25 358.10
2016-09-30 1,870.50 293.40 352.60
2016-06-30 1,894.75 391.35 357.35
2016-03-31 1,919.00 489.30 362.10
2015-12-31 1,925.25 445.65 419.95
2015-09-30 1,931.50 402.00 477.80
2015-06-30 1,882.70 212.30 388.70
2015-03-31 1,833.90 22.60 299.60
2014-12-31 1,821.70 49.15 296.80
2014-09-30 1,809.50 75.70 294.00
2014-06-30 1,804.45 127.00 294.25
2014-03-31 1,799.40 178.30 294.50
2013-12-31 1,757.80 191.65 69.40
2013-09-30 1,716.20 205.00 155.50
2013-06-30 1,677.85 239.25 155.55

*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.
  • AusNet Services has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • AusNet Services used its assets more efficiently than the Europe Electric Utilities industry average last year based on Return on Assets.
  • AusNet Services's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess AusNet Services'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 Electric Utilities 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.
AusNet Services has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

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

S6N Health

 How is AusNet Services'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 AusNet Services's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • AusNet Services's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • AusNet Services's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of AusNet Services'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 0.1x 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 AusNet Services Company Filings, last reported 6 months ago.

DB:S6N Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 3,097.30 8,884.30 194.10
2019-06-30 3,097.30 8,884.30 194.10
2019-03-31 3,289.10 8,296.10 345.00
2018-12-31 3,289.10 8,296.10 345.00
2018-09-30 3,537.50 7,559.40 162.90
2018-06-30 3,537.50 7,559.40 162.90
2018-03-31 3,556.00 7,834.80 658.40
2017-12-31 3,556.00 7,834.80 658.40
2017-09-30 3,702.80 6,855.70 14.80
2017-06-30 3,702.80 6,855.70 14.80
2017-03-31 3,698.40 6,978.00 334.50
2016-12-31 3,698.40 6,978.00 334.50
2016-09-30 3,539.70 7,164.20 34.80
2016-06-30 3,539.70 7,164.20 34.80
2016-03-31 3,557.80 7,089.60 446.90
2015-12-31 3,557.80 7,089.60 446.90
2015-09-30 3,528.40 7,013.50 33.00
2015-06-30 3,528.40 7,013.50 33.00
2015-03-31 3,248.80 7,471.70 883.10
2014-12-31 3,248.80 7,471.70 883.10
2014-09-30 3,351.90 6,566.40 674.60
2014-06-30 3,351.90 6,566.40 674.60
2014-03-31 3,444.60 6,375.20 409.80
2013-12-31 3,444.60 6,375.20 409.80
2013-09-30 3,468.40 5,730.30 13.50
2013-06-30 3,468.40 5,730.30 13.50
  • AusNet Services's level of debt (286.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (196.3% vs 286.8% today).
  • Debt is not well covered by operating cash flow (8.6%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.5x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess AusNet Services'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. AusNet Services has a total score of 0/6, 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.

S6N Dividends

 What is AusNet Services'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
5.64%
Current annual income from AusNet Services dividends. Estimated to be 5.77% next year.
If you bought €2,000 of AusNet Services shares you are expected to receive €113 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?
  • AusNet Services's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.69%).
  • AusNet Services's dividend is above the markets top 25% of dividend payers in Germany (4.85%).
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:S6N 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 Electric Utilities Industry Average Dividend Yield Market Cap Weighted Average of 51 Stocks 4.9%
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:S6N Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2025-03-31 0.10 1.00
2024-03-31 0.10 1.00
2023-03-31 0.10 2.00
2022-03-31 0.11 10.00
2021-03-31 0.10 12.00
2020-04-07
2020-03-31 0.10 12.00
DB:S6N Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2019-11-12 0.102 5.913
2019-05-13 0.097 5.329
2018-05-14 0.093 5.587
2017-11-14 0.093 5.375
2017-05-15 0.088 5.142
2016-11-18 0.088 5.454
2016-05-12 0.085 5.314
2015-11-16 0.085 5.765
2015-05-13 0.084 6.001
2014-11-11 0.084 5.941
2014-05-15 0.084 6.133
2012-11-08 0.082 6.833
2012-07-19 0.080 7.736
2012-05-15 0.082 7.942
2011-11-09 0.080 8.016
2011-05-12 0.080 8.671
2010-11-10 0.080 9.094
2010-07-15 0.080 9.378
2009-11-12 0.099 11.344
2009-05-14 0.119 14.556

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 fallen over the past 10 years.
Current Payout to shareholders
What portion of AusNet Services's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (0.6x coverage).
X
Income/ dividend checks
We assess AusNet Services'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 AusNet Services afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. AusNet Services has a total score of 2/6, see the detailed checks below.


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

S6N Management

 What is the CEO of AusNet Services's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Tony Narvaez
TENURE AS CEO 0.4 years
CEO Bio

Mr. Tony Narvaez serves as a Managing Director and Director of AusNet Services Ltd and AusNet Services Holdings Pty Ltd since November 01, 2019. Mr. Narvaez has been Chief Executive Officer at Endeavour Energy since September 11, 2017. Mr. Narvaez has been Chief Executive of UE & MG at DUET Group since October 2015. Mr. Narvaez has a wealth of experience in executive positions across the Australian energy sector, including with General Electric, ATCO Australia and Verve Energy. He was Chief Executive Officer at United Energy Distribution Holdings Pty Ltd. since October 19, 2015 until 2019. He joined UE and MG from General Electric, where he served as Regional General Manager of Distributed Power across ANZ, PNG and Indonesia. Mr. Narvaez holds a Bachelor’s degree in Commerce and Economics, a Diploma in Financial Services (Energy Trading) and completed executive studies at Harvard Business School. Distribution.

CEO Compensation
  • Insufficient data for Tony to compare compensation growth.
  • Insufficient data for Tony to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure of the AusNet Services management team in years:

2.4
Average Tenure
  • The tenure for the AusNet Services management team is about average.
Management Team

Mario Tieppo

TITLE
Executive General Manager of Technology
COMPENSATION
A$764K
TENURE
3.5 yrs

Chad Hymas

TITLE
Executive General Manager of Mondo
COMPENSATION
A$767K
TENURE
3.8 yrs

Alistair Parker

TITLE
Executive General Manager of Regulated Energy Services
COMPENSATION
A$785K
TENURE
7 yrs

Tony Narvaez

TITLE
MD & Director
TENURE
0.4 yrs

Mark Ellul

TITLE
Chief Financial Officer
TENURE
1.3 yrs

Prue Crawford-Flett

TITLE
Executive General Manager of Operations & Services
TENURE
1 yrs

John Nicolopoulos

TITLE
Head of Tax & Investor Relations

Geraldine Leslie

TITLE
Executive General Manager of People
TENURE
3.5 yrs

Paul Lynch

TITLE
Company Secretary
TENURE
0.5 yrs
Board of Directors Tenure

Average tenure and age of the AusNet Services board of directors in years:

3.4
Average Tenure
63.5
Average Age
  • The tenure for the AusNet Services board of directors is about average.
Board of Directors

Peter Edward Mason

TITLE
Independent Chairman
COMPENSATION
A$430K
AGE
73
TENURE
3.9 yrs

Tony Narvaez

TITLE
MD & Director
TENURE
0.4 yrs

Sally Farrier

TITLE
Independent Non-Executive Director
COMPENSATION
A$220K
AGE
55
TENURE
6.3 yrs

NL Scheinkestel

TITLE
Independent Non-Executive Director
COMPENSATION
A$205K
AGE
59
TENURE
3.4 yrs

Robert Milliner

TITLE
Lead Independent Director
COMPENSATION
A$203K
TENURE
0.1 yrs

Ralph Craven

TITLE
Non-Executive Director
COMPENSATION
A$185K
AGE
68
TENURE
6.3 yrs

Chee Meng Tan

TITLE
Non-Executive Director
COMPENSATION
A$185K
AGE
62
TENURE
3.9 yrs

Alan Chan

TITLE
Non-Executive Director
COMPENSATION
A$154K
AGE
65
TENURE
1.9 yrs

Lequan Li

TITLE
Non-Executive Director
COMPENSATION
A$91K
TENURE
1.5 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 (€)
26. Mar 20 Buy Singapore Power Limited Company 12. Mar 20 25. Mar 20 37,325,874 €0.89 €33,220,941
17. Jun 19 Sell Chee Meng Tan Individual 14. Jun 19 14. Jun 19 -50,000 €1.16 €-58,198
14. Jun 19 Sell Chee Meng Tan Individual 13. Jun 19 13. Jun 19 -50,000 €1.15 €-57,623
X
Management checks
We assess AusNet Services'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. AusNet Services 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.

S6N News

Simply Wall St News

S6N Company Info

Description

AusNet Services Ltd owns and operates an electricity transmission network in Australia. It operates through Electricity Distribution, Gas Distribution, Electricity Transmission, and Mondo segments. The Electricity Distribution segment carries electricity from the high voltage transmission network to end users, including metering. The Gas Distribution segment carries natural gas to commercial and residential end users, including metering in central and western Victoria. The Electricity Transmission segment owns and manages an electricity transmission network, including transmission lines and towers, which carry electricity at high voltages from power generators to electricity distributors in Victoria. The Mondo segment provides contracted infrastructure asset services and specialized technology solutions to enable energy data and asset intelligence services, as well as specialist metering, asset intelligence, and telecommunication solutions to the utility and infrastructure sectors. It primarily serves customers operating in utility, renewables, and infrastructure sectors of electricity, water, gas, and rail. The company operates through an electricity transmission network of 6,700 kilometers of lines, 53 terminal stations and switchyards, and approximately 13,000 towers; and electricity distribution network of 736,000 customers, 60 zone substations, 7,500 gigawatt hour of, and 383,000 power poles. It also operates a gas distribution network of 711,000 customers, 11,700 kilometers of gas mains, and 63 petajoules of throughput. The company was formerly known as SP AusNet Ltd. and changed its name to AusNet Services Ltd in August 2014. AusNet Services Ltd was incorporated in 2014 and is headquartered in Southbank, Australia.

Details
Name: AusNet Services Ltd
S6N
Exchange: DB
Founded: 2014
A$3,799,644,437
3,724,939,068
Website: http://www.ausnetservices.com.au
Address: AusNet Services Ltd
2 Southbank Boulevard,
Level 31,
Southbank,
Victoria, 3006,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX AST New Common Stock Australian Securities Exchange AU AUD 14. Dec 2005
OTCPK SAUN.F New Common Stock Pink Sheets LLC US USD 14. Dec 2005
DB S6N New Common Stock Deutsche Boerse AG DE EUR 14. Dec 2005
BRSE S6N New Common Stock Berne Stock Exchange CH CHF 14. Dec 2005
CHIA AST New Common Stock Chi-X Australia AU AUD 14. Dec 2005
Number of employees
Current staff
Staff numbers
1,900
AusNet Services employees.
Industry
Electric Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 02:47
End of day share price update: 2020/04/06 00:00
Last estimates confirmation: 2020/03/30
Last earnings filing: 2019/11/12
Last earnings reported: 2019/09/30
Last annual earnings reported: 2019/03/31


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.