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General Information

Washington H. Soul Pattinson and Co. Limited
SOL
http://www.whsp.com.au
Coal & Consumable Fuels
3,280
239

Current Price Data+

Current Price Open High Low Last Close Volume Price Movement
$13.70 $13.85 $13.85 $13.70 $13.85 50862 $0.15 ( 1.08% )
  • +Security prices are delayed by least 20 minutes and are indicative only.

Current Broker Consensus Recommendation

Hold
29/07/2015
1

Company Overview

Business Description
Washington H. Soul Pattinson and Co. Limited (SOL) is a diversified investor in basic commodities such as building products, coal, equities, telecommunications, financial services and pharmaceuticals in Australia. SOL's main business activities includes: Investing activities, Coal mining, Copper mining and processing and Consulting.
Strategy Analysis
SOL strategy is based on conservative and diversified long-term investment. Through strict adherence to this strategy SOL has delivered well above average total shareholder returns over many decades. Mistakes have been made but the successes have far outweighed the disappointments. Management remains focused on creating long-term shareholder wealth from a sensible and conservative investment strategy. New Hope is driving the group at present and adding to cash reserves which will be invested sensibly. Washington H. Soul Pattinson and Co reported NPAT down 25% to $74.26m for the half-year ended 31 January 2013. The regular profit after tax attributable to shareholders for the period was $71.4m, a decrease of 19.4% compared to $88.7m for the previous corresponding period. This net decrease was mainly attributable to a reduced contribution by New Hope and lower special dividend income which were partly offset by increased contributions by Brickworks and TPG Telecom. Revenues from ordinary activities were $384.32m, down 15.8% from the same period last year. Basic and Diluted EPS were 31.02 cents compared to 41.48 cents last year. Net operating cash flow was $77.84m compared to $30.98m last year. The interim dividend declared was 18 cents compared with 17 cents last year.

Financial Summary

Year to Jul NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2016 F 159.6 66.7 -4.6% 20.6 52.0 3.8% 100.0%
2015 F 167.3 69.9 35.8% 19.6 50.0 3.6% 100.0%
2014 A 123.2 51.5 -23.3% 28.4 48.0 3.3% 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
Energy Resources (ERA) $186M 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.00% 0.00% 0.00%
Paladin Energy (PDN) $375M 0.0000 0.0000 0.0000 0.0000 0.0000 75.0000 0.00% 0.00% 0.00%
Washington H. Soul Pat (SOL) $3,316M -0.3451 0.4230 -0.0464 28.1963 19.8140 20.7771 3.47% 3.61% 3.75%
Whitehaven Coal (WHC) $1,252M 0.0000 0.0000 0.0000 0.0000 0.0000 28.5714 0.00% 0.00% 0.00%

Financial Summary

Earnings P/E Ratio P/B Ratio P/E Growth
Company 1.04 19.60 1.08 1.19
Market 0.89 16.20 1.33 1.33
Sector 1.05 12.60 0.52 0.27

Directors

Name Position Start Date
Ms Melinda R Roderick Cheif Financial Officer, Non-Executive Director 01/11/2014
Mr Robert Dobson Millner Non-Executive Chairman 11/01/1984
Mr Michael John Hawker Non-Executive Director 10/10/2012
Mr Warwick Martin Negus Non-Executive Director 01/11/2014
Mr David Wills Non-Executive Director 01/04/2006
Mr Robert Westphal Non-Executive Director 01/04/2006
Mr Thomas Charles Dobson Millner Non-Executive Director 01/01/2011

Management

Name Position
S O Stephan Cheif Executive Officer
B D Denney Chief operating Officer
Todd James Barlow Chief Executive Officer
M J Busch Chief Financial Officer
M R Roderick Chief Financial Officer
Ian David Bloodworth Company Secretary

Substantial Shareholders

Holding Name
102,257,830 (42.72%) Brickworks Limited and its subsidiaries
29,318,700 (12.25%) Perpetual Limited and subsidiaries
19,921,975 (8.32%) Robert Dobson Millner
17,211,350 (7.19%) Thomas Charles Dobson Millner

Calendar of Events

Date Event
24 March 2016 Report (Interim)
04 November 2015 Report (Annual)
23 October 2015 Report (Annual)
24 September 2015 Report (Prelim)
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