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General Information

Navitas Limited
NVT
http://www.navitas.com
Education Services
1,784
376

Current Price Data+

Current Price Open High Low Last Close Volume Price Movement
$4.74 $4.81 $4.88 $4.74 $4.76 691989 $0.02 ( 0.42% )
  • +Security prices are delayed by least 20 minutes and are indicative only.

Current Broker Consensus Recommendation

Hold
26/05/2015
1

Company Overview

Business Description
Navitas Limited (NVT) is an education services provider operating in multiple cities around the world, offering a range of educational and training services for students and professionals across Australia and around the world.
Strategy Analysis
NVT embeds itself into partner universities who welcome the additional direct revenues NVT delivers, as well as the expansion of supply of high-margin foreign students into the universities┬┤ own degree and diploma courses. Contracts with universities generally have a term of at least 5 years allowing NVT to become well established. The engagement of qualified academics at partner universities to develop course content underpins curriculum quality. In addition, the application of the universities┬┤ moderation processes ensures academic standards equivalent to those at the university. NVT is leveraging its domestic success to expand offshore into other English speaking regions such as the UK, Canada and the US, which hold similar attraction to non-English speaking students. Navitas reported NPAT down 0.8% to $35.07m for the half-year ended 31 December 2012. Revenues from ordinary activities were $355.4m, up 4.0% from the same period last year. Diluted EPS was 9.3 cents compared to 9.4 cents last year. Net operating cash flow was $37.74m compared to $19.53m last year. The interim dividend declared was 9.3 cents compared with 9.4 cents last year.

Financial Summary

Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2016 F 107.1 28.4 11.3% 16.7 28.4 6.0% 100.0%
2015 F 96.0 25.5 16.8% 18.6 25.5 5.4% 100.0%
2014 A 82.0 21.9 10.0% 30.0 19.5 3.0% 100.0%

Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2014 A 2015 F 2016 F 2014 A 2015 F 2016 F 2014 A 2015 F 2016 F
Affinity Education Group (AFJ) $234M 0.0000 0.2136 0.2183 12.0525 9.9312 8.1517 0.00% 4.49% 6.35%
G8 Education (GEM) $1,357M 0.5810 0.4916 0.1494 20.2375 13.5673 11.8036 5.07% 6.56% 7.55%
Navitas (NVT) $1,791M 0.0996 0.1680 0.1125 21.7849 18.6520 16.7665 4.10% 5.36% 5.97%

Financial Summary

Earnings P/E Ratio P/B Ratio P/E Growth
Company 1.34 18.80 8.30 1.34
Market 1.02 17.20 1.32 1.56
Sector 1.34 18.90 2.57 0.98

Directors

Name Position Start Date
Mr Rodney Malcolm Jones Chief Executive Officer, Managing Director 18/06/2004
Mr Antoni Michael Cipa Non-Executive Director 01/05/2014
Mr James (Jim) King Non-Executive Director 09/11/2004
Ms Diana Jane Eilert Non-Executive Director 28/07/2014
Ms Tracey Ann Horton Non-Executive Director 13/06/2012
Mr Harvey Russell Collins Non-Executive Director, Non-Executive Chairman 09/11/2004

Management

Name Position
Taylia Rocci Assistant Company Secretary, Legal Counsel
Bryce Houghton Chief Executive Officer
John Wood Chief Executive Officer - University Programs
Lyndell Fraser Chief Executive Officer - Professional and English Programs
Neil Hitchcock Chief Information Officer - IT
Hugh Hangchi Company Secretary,Group General Counsel
Rob Lourey Group General Manager - Human Resources

Substantial Shareholders

Holding Name
45,017,995 (23.04%) Jones, Rodney Malcolm
37,750,892 (19.32%) Hyperion Asset Management Limited
23,433,610 (11.99%) Larsen, Peter Devon
19,517,105 (9.99%) Vinva Investment Management

Calendar of Events

Date Event
02 February 2016 Report (Interim)
25 September 2015 Report (Annual)
27 July 2015 Report (Prelim)
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