Tox Free Solutions Limited (TOX)
Views and News
Essentials
Recent News Highlights
As at 31/12/2012 : see details at www.toxfree.com.au (new window? Shift+Click)
| 10/12/2012 Acquisition of Absolute Liquid Waste Services - Queensland |
| 14/11/2012 AGM 2012 and Presentation |
| 17/10/2012 Presentation to Macquarie Securities WA Forum 2012 |
| 26/09/2012 2012 Annual Report to Shareholders |
| 23/08/2012 FY12 Preliminary Results & Presentation |
| 15/02/2012 Dolomatrix (DMX) completes sale of assets and businesses |
| 14/02/2012 Waste Management Services contract for Fortescue Metals, in JV with Pilbara Logistics WA, indigenous employment provider |
| 09/02/2012 Dolomatrix shareholders approve sale of assets to TOX |
| 28/12/2011 IFL moves from 11.4% to 12.9% shareholding |
| 23/12/2011 Share Purchase Plan - up to $10,000 at $2.00, record date 14/12/11, close 17/2/12 |
| 16/12/2011 Successfully Completes $27m Placement |
| 15/12/2011 Strategic Acquisition to Enhance Hazardous Waste Strategy - $58m for Dolomatrix (DMX) Operations |
| 14/12/2011 Acquisition of Mackay Maintenance Services |
| 24/11/2011 AGM - Chairman's Address & MD`s Presentation |
Half-yearly Performance & Estimates - TOX
| Year-end June | FY11A | 1H12A | FY12A | 1H13A | FY13A | FY14E | FY15E |
|---|---|---|---|---|---|---|---|
| Sales, $m | 143.6 | 92.2 | 208.0 | 131.7 | 284.8 | 352.0 | 384.0 |
| EBITDA, $m | 30.8 | 20.3 | 42.9 | 29.7 | 57.7 | 74.0 | 79.9 |
| EBIT, $m | 19.3 | 12.8 | 26.8 | 19.5 | 35.4 | 46.6 | 52.4 |
| Report NPAT, $m | 11.9 | 7.9 | 15.8 | 12.6 | 22.9 | ||
| Adj. NPAT, $m | 22.9 | 27.9 | 33.0 | ||||
| Reported EPS, ¢ | 12.00 | 8.00 | 14.00 | 11.00 | 19.00 | ||
| Adjusted EPS, ¢ | 19.00 | 21.00 | 24.35 | ||||
| EPS %FY/Growth | 57% | 17% | 58% | 36% | 11% | 16% | |
| Dividend, ¢ | 3.0 | 0 | 4.0 | 0 | 5.0 | 6.00 | 7.30 |
| Franking, % | 100% | - | 100% | - | 100% | 100% | 100% |
| EBITDA Margin | 21% | 0 | 21% | 22% | 20% | 21.0% | 20.8% |
| NPAT Margin | 8% | 0 | 8% | 10% | 8% | 7.9% | 8.6% |
| ROE, % | 12% | 0 | 10% | 7 | 10% | ||
| EBIT/Interest | 8.9 | 0.0 | 7.6 | 7.91 | 6.98 | ||
| Net Debt / Equity | 0.11 | 0 | 0.30 | 0.33 | 0.41 | ||
| CashFlow/Sh, ¢ | 24.5 | 11.3 | 27.4 | 12.5 | 25.4 | 41.4 | 43.5 |
| Y/E Shares, m | 92.7 | 111.2 | 115.4 | 116.1 | 132.6 |
| 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 - TOX
| Year-end June | 1H11A | FY11A | 1H12A | FY12A | 1H13A | FY13E | FY14E |
|---|---|---|---|---|---|---|---|
| Sales, $m | 65.3 | 143.6 | 92.2 | 208.0 | 131.7 | 268.0 | 282.0 |
| EBITDA, $m | 11.7 | 30.8 | 20.3 | 42.9 | 29.7 | 57.5 | 63.5 |
| EBIT, $m | 6.2 | 19.3 | 12.8 | 26.8 | 19.5 | 37.0 | 41.9 |
| Report NPAT, $m | 3.5 | 11.9 | 7.9 | 15.8 | 12.6 | ||
| Adj. NPAT, $m | 12.6 | 22.8 | 26.2 | ||||
| Reported EPS, ¢ | 4.00 | 12.00 | 8.00 | 14.00 | 11.00 | ||
| Adjusted EPS, ¢ | 11.00 | 19.30 | 22.40 | ||||
| EPS %FY/Growth | 33% | 57% | 17% | 38% | 38% | 16% | |
| Dividend, ¢ | 0 | 3.0 | 0 | 4.0 | 0 | 5.00 | 6.00 |
| Franking, % | - | 100% | - | 100% | - | 100% | 100% |
| EBITDA Margin | 23% | 21% | 0 | 21% | 22% | 21.5% | 22.5% |
| NPAT Margin | 8% | 8% | 0 | 8% | 10% | 8.5% | 9.3% |
| ROE, % | 9% | 12% | 0 | 10% | 7% | ||
| EBIT/Interest | 6.2 | 8.9 | 0.0 | 7.6 | 7.91 | ||
| Net Debt / Equity | 0.15 | 0.11 | 0 | 0.30 | 0.33 | ||
| CashFlow/Sh, ¢ | -0.1 | 24.5 | 11.3 | 27.4 | 12.5 | 30.5 | 38.1 |
| Y/E Shares, m | 91.9 | 92.7 | 111.2 | 115.4 | 116.1 |
| 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-yearly Performance & Estimates - TOX
| Year-end June | FY10A | 1H11A | FY11A | 1H12A | FY12A | FY13E | FY14E |
|---|---|---|---|---|---|---|---|
| Sales, $m | 98.7 | 65.3 | 143.6 | 92.2 | 208.0 | 244.0 | 262.0 |
| EBITDA, $m | 23.1 | 11.7 | 30.8 | 20.3 | 42.9 | 58.1 | 64.2 |
| EBIT, $m | 14.1 | 6.2 | 19.3 | 12.8 | 26.8 | 37.9 | 42.0 |
| Report NPAT, $m | 8.0 | 3.5 | 11.9 | 7.9 | 15.8 | ||
| Adj. NPAT, $m | 15.8 | 22.6 | 25.7 | ||||
| Reported EPS, ¢ | 9.00 | 4.00 | 12.00 | 8.00 | 14.00 | ||
| Adjusted EPS, ¢ | 14.00 | 19.30 | 22.45 | ||||
| EPS %FY/Growth | 33% | 33% | 57% | 17% | 38% | 16% | |
| Dividend, ¢ | 2.0 | 0 | 3.0 | 0 | 4.0 | 5.00 | 6.00 |
| Franking, % | 100% | - | 100% | - | 100% | 100% | 100% |
| EBITDA Margin | 23% | 23% | 21% | 21.9% | 21% | 23.8% | 24.5% |
| NPAT Margin | 8% | 8% | 8% | 8.5% | 8% | 9.3% | 9.8% |
| ROE, % | 9% | 9% | 12% | 10% | |||
| EBIT/Interest | 6.2 | 6.2 | 8.9 | 0.00 | 7.6 | ||
| Net Debt / Equity | 0.15 | 0.15 | 0.11 | 0 | 0.30 | ||
| CashFlow/Sh, ¢ | 20.6 | -0.1 | 24.5 | 11.3 | 27.4 | 29.8 | 36.6 |
| Y/E Shares, m | 91.5 | 91.9 | 92.7 | 111.2 | 115.4 |
| 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. |
Company Overview
Russell Research in the media
Stock Picks for The Bull.com.au - 29 July 2013
HOLD Tox Free Solutions (TOX)
Now one of the largest nationwide players in liquid, solid and hazardous waste management, Tox is focusing on acquiring and integrating high margin businesses. Earnings per share have grown 24 per cent annually for four years and could do better in financial years 2013 and 2014. Recent acquisitions and contracts should bring the price/earnings ratio below 15 times.
Stock Picks for Sunday Herald Sun – 5 May 2013
BUY Tox Free Solutions Limited, TOX, $3.38
A leader in hazardous waste management, Tox is acquiring high margin businesses across Australia, continuing solid earnings and yield growth.
Stock Picks for Sunday Herald Sun - 3 June 2012
BUY: Tox Free Solutions Limited, TOX $2.40
Tox is building a strong position by acquisitions with high margins. Add at current levels.
Wave Chart
Profile
Tox Free Solutions
Rating: ♦
Category: Best Stock ; Midcaps
Action:
Website: www.toxfree.com.au
| ASX code: | TOX |
| Closing Price, 30/12/2013: | $ 3.310 |
| Market Capitalisation: | $ 449 million |
| 52 Week High: | $ 3.65 |
| 52 Week Low: | $ 2.86 |
| Sector: | Environmental & Facilities Services |
| Index: | S&P/ASX 300 Index |
Summary of Fundamentals
| Year-end June | FY12A | FY13A | FY14E | FY15E |
|---|---|---|---|---|
| NPAT, $m | 15.8 | 22.9 | 27.9 | 31.9 |
| Reported EPS, ¢ | 14.00 | 19.00 | ||
| Adjusted EPS, ¢ | 18.40 | 21.00 | 23.80 | |
| EPS Growth, % | 17% | 31% | 14% | 13% |
| P/E Ratio, x | 23.64 | 17.99 | 15.76 | 13.91 |
| Dividend, ¢ | 4.0 | 5.0 | 6.00 | 7.00 |
| Franking, % | 100% | 100% | 100% | 100% |
| Div. Yield, % | 1.21 | 1.51 | 1.81 | 2.11 |
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: | Environmental & Facilities Services |
| Return on Equity, FY13 : | 10% |
| Net Debt to Equity, FY13 : | 41 % |
| EBIT / Interest Cover, FY13 : | 6.98 x |
| Gicscode: | 20201050 |
| First Listed: | 29-Sep-00 |
Business Activities
Tox Free Solutions Limited (TOX) is an Australia-wide integrated waste management and environmental service provider. It covers hazardous, non hazardous, liquid & solid waste disposal, particularly resource-related.
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 |