Collection House Limited (CLH)
Views and News
Essentials
Recent News Highlights
As at 14/06/2012 : see details at www.collectionhouse.com.au (new window? Shift+Click)
| 27/03/2012 David Liddy Appointed a Director and the Chairman |
| 23/02/2012 Half Year Results; Increased Collections Support Earnings Spike |
| 16/01/2012 Secured $61M of New PDL Contracts in First Half |
| 23/11/2011 $5.8 Million Capital Raising, $5.0m by Placement at 70.1¢, balance by DRP |
Half-yearly Performance & Estimates - CLH
| Year-end April | FY11A | 1H12A | FY12A | 1H13A | FY13A | FY14E | FY15E |
|---|---|---|---|---|---|---|---|
| Sales, $m | 78.1 | 62.6 | 126.5 | 48.8 | 136.1 | 111.0 | 123.0 |
| EBITDA, $m | 23.2 | 14.3 | 26.1 | 15.8 | 30.5 | 76.6 | 82.6 |
| EBIT, $m | 20.3 | 12.4 | 24.0 | 14.8 | 28.5 | 32.3 | 35.7 |
| Report NPAT, $m | 10.2 | 6.4 | 12.7 | 8.1 | 15.7 | ||
| Adj. NPAT, $m | 15.7 | 17.9 | 19.6 | ||||
| Reported EPS, ¢ | 10.00 | 6.00 | 12.00 | 7.00 | 14.00 | ||
| Adjusted EPS, ¢ | 14.00 | 15.30 | 16.45 | ||||
| EPS %FY/Growth | 50% | 20% | 50% | 17% | 9% | 8% | |
| Dividend, ¢ | 6.2 | 3.2 | 6.4 | 3.6 | 7.2 | 7.85 | 8.25 |
| Franking, % | 100% | 100% | 100% | 100% | 100% | 100% | 100% |
| EBITDA Margin | 21% | 0 | 0 | 32% | 22.4% | 69.0% | 67.2% |
| NPAT Margin | 9% | 0 | 0 | 17% | 11.5% | 16.1% | 15.9% |
| ROE, % | 11% | 0 | 12% | 7 | 13% | ||
| EBIT/Interest | 3.6 | 0.0 | 3.9 | 4.71 | 4.62 | ||
| Net Debt / Equity | 0.80 | 0 | 0.80 | 0.83 | 0.71 | ||
| CashFlow/Sh, ¢ | 49.3 | 26.3 | 55.5 | 26.9 | 54.8 | 55.4 | 57.8 |
| Y/E Shares, m | 97.4 | 104.3 | 108.2 | 111.6 | 115.5 |
| Notes |
| Data sourced from IRESS Market Technology Limited. EPS Growth compared with the pcp is shown in most columns, except 1H11A and 1H12A which show the first half % of full year EPS. In a handful of cases, unadjusted share splits may give strange changes in ratios. |
Half-year Performance & Estimates - CLH
| Year-end June | 1H11A | FY11A | 1H12A | FY12A | 1H13A | FY13E | FY14E |
|---|---|---|---|---|---|---|---|
| Sales, $m | 16.0 | 78.1 | 62.6 | 126.5 | 48.8 | 116.0 | 129.0 |
| EBITDA, $m | 11.5 | 23.2 | 14.3 | 26.1 | 15.8 | 70.9 | 76.6 |
| EBIT, $m | 10.2 | 20.3 | 12.4 | 24.0 | 14.8 | 28.3 | 31.1 |
| Report NPAT, $m | 5.2 | 10.2 | 6.4 | 12.7 | 8.1 | ||
| Adj. NPAT, $m | 8.1 | 15.2 | 17.1 | ||||
| Reported EPS, ¢ | 5.00 | 10.00 | 6.00 | 12.00 | 7.00 | ||
| Adjusted EPS, ¢ | 7.00 | 13.83 | 15.16 | ||||
| EPS %FY/Growth | 50% | 50% | 20% | 17% | 15% | 10% | |
| Dividend, ¢ | 3.1 | 6.2 | 3.2 | 6.4 | 3.6 | 6.83 | 7.56 |
| Franking, % | 100% | 100% | 100% | 100% | 100% | 100% | 100% |
| EBITDA Margin | 17% | 21% | 0 | 0 | 32% | 61.1% | 59.4% |
| NPAT Margin | 9% | 9% | 0 | 0 | 17% | 13.1% | 13.3% |
| ROE, % | 10% | 11% | 0 | 12% | 7% | ||
| EBIT/Interest | 5.3 | 3.6 | 0.0 | 3.9 | 4.71 | ||
| Net Debt / Equity | 0.73 | 0.80 | 0 | 0.80 | 0.83 | ||
| CashFlow/Sh, ¢ | 23.7 | 49.3 | 26.3 | 55.5 | 26.9 | 55.4 | 57.8 |
| Y/E Shares, m | 97.4 | 97.4 | 104.3 | 108.2 | 111.6 |
| Notes |
| EPS Growth compared with the pcp is shown in most columns, except 1H10A and 1H11A which show the first half % of full year EPS. |
Half-year Performance & Estimates - CLH
| Year-end June | 1H10A | FY10A | 1H11A | FY11A | 1H12A | FY12E | FY13E |
|---|---|---|---|---|---|---|---|
| Sales, $m | 52.7 | 101.1 | 16.0 | 78.1 | 62.6 | 105.0 | 115.0 |
| EBITDA, $m | 10.5 | 17.2 | 11.5 | 23.2 | 14.3 | 63.9 | 69.1 |
| EBIT, $m | 9.2 | 14.6 | 10.2 | 20.3 | 12.4 | 23.6 | 26.0 |
| Report NPAT, $m | 5.6 | 9.0 | 5.2 | 10.2 | 6.4 | ||
| Adj. NPAT, $m | 0.0 | 11.9 | 13.2 | ||||
| Reported EPS, ¢ | 6.00 | 9.00 | 5.00 | 10.00 | 6.00 | ||
| Adjusted EPS, ¢ | 0.00 | 11.50 | 12.25 | ||||
| EPS %FY/Growth | 67% | 50% | 11% | -100% | 15% | 7% | |
| Dividend, ¢ | 2.8 | 5.8 | 3.1 | 6.2 | 3.2 | 6.20 | 6.80 |
| Franking, % | 100% | 100% | 100% | 100% | 100% | 100% | 100% |
| EBITDA Margin | 17% | 17% | 17% | 21% | 22.8% | 60.9% | 60.1% |
| NPAT Margin | 9% | 9% | 9% | 9% | 10.2% | 11.3% | 11.5% |
| ROE, % | 10% | 10% | 10% | 11% | |||
| EBIT/Interest | 5.3 | 5.3 | 5.3 | 3.6 | 4.00 | ||
| Net Debt / Equity | 0.73 | 0.73 | 0.73 | 0.80 | 0.81 | ||
| CashFlow/Sh, ¢ | 21.7 | 40.9 | 23.7 | 49.3 | 26.3 | 55.0 | 56.0 |
| Y/E Shares, m | 97.4 | 97.4 | 97.4 | 97.4 | 104.3 |
| Notes |
| EPS Growth compared with the pcp is shown in most columns, except 1H10A and 1H11A which show the first half % of full year EPS. |
Company Overview
Russell Research in the media
Stock Picks for Sunday Herald Sun - 25 August 2013
HOLD Collection House (CLH) $1.76
The debt collector is growing strongly and reliably. Accumulate to enjoy continued share price growth with yield.
Profile
Collection House
Rating:
Category: Potent Stock ; Midcaps
Action:
Website: www.collectionhouse.com.au
| ASX code: | CLH |
| Closing Price, 30/12/2013: | $ 1.805 |
| Market Capitalisation: | $ 226 million |
| 52 Week High: | $ 1.98 |
| 52 Week Low: | $ 0.98 |
| Sector: | Diversified Support Services |
| Index: | S&P/ASX 300 Index |
Summary of Fundamentals
| Year-end June | FY12A | FY13A | FY14E | FY15E |
|---|---|---|---|---|
| NPAT, $m | 12.7 | 15.7 | 18.2 | 20.4 |
| Reported EPS, ¢ | 12.00 | 14.00 | ||
| Adjusted EPS, ¢ | 13.60 | 14.65 | 16.15 | |
| EPS Growth, % | 20% | 13% | 8% | 10% |
| P/E Ratio, x | 15.04 | 13.27 | 12.32 | 11.18 |
| Dividend, ¢ | 6.4 | 7.2 | 7.60 | 8.30 |
| Franking, % | 100% | 100% | 100% | 100% |
| Div. Yield, % | 3.55 | 3.99 | 4.21 | 4.60 |
Notes
| Our Adjusted EPS is used for the last year and forward estimates and as basis for EPS Growth and P/E Ratio. We currently use Reported data for all historic NPAT, for the prior year EPS and as base for last year EPS growth. |
| Data & Chart sourced from IRESS Market Technology Ltd. |
One Year Chart
As at 30 December 2013
Other Highlights
| Sector: | Diversified Support Services |
| Return on Equity, FY13 : | 13% |
| Net Debt to Equity, FY13 : | 71 % |
| EBIT / Interest Cover, FY13 : | 4.62 x |
| Gicscode: | 20200000 |
| First Listed: | 4-Oct-00 |
Business Activities
Collection House Limited (CLH) is a receivables manager in Australia and New Zealand. Its business divisions include Debt Purchasing; Commission Collections; Receivable Management; and Specialist Services.
Glossary:
| ♠ | "A Core Stock" - reliable long-term yield & growth |
| ♥ | "We like it" - a seasoned performer, growth & yield |
| ♦ | "A tough scout" - creating a potential breakthrough |
| ♣ | "A steady performer" - giving reliable yield or growth |
| Best Stocks | Portfolio of selected attractive investments |
| Potential | Stocks that may have good improvement prospects |
| Speculative | More risky usually smaller stocks with spec. upside |
| Midcaps | In RR Midcap Index, $ 70m to 1,500m market cap. |
| Large Stocks | Larger Stocks upwards of $ 1,500m market cap |