$0.92

General Information

Peet Limited
PPC
http://www.peet.com.au
Real Estate Development
451
490

Current Price Data+

Current Price $0.920
Open $0.905
High $0.930
Low $0.905
Last Close $0.920
Volume 232005
Price Movement - ( No change )
  • +Security prices are delayed by least 20 minutes and are indicative only.

Stock Price

Current Broker Consensus Recommendation

Strong Buy
13 Mar 2015

Company Overview

Business Description

Peet Limited (PPC) is an Australian property company, dedicated to asset and funds management, land and property development and land syndication. The company is currently developing land estates in Western Australia, Victoria, Queensland, Australian Capital Territory, Northern territory, South Australian and New South Wales. As at 30 June 2015, PPC has 2061 contracts on hand with a gross value of $440.9 million with total land bank comprises of 47,292 lots.

Financial Summary

Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2015 A 41.9 8.3 13.6% 14.3 4.5 3.8% 100.0%
2014 A 32.9 7.3 61.9% 18.4 3.5 2.6% 0.0%
2013 A 15.6 4.5 180.6% 22.7 0.0 0.0% 0.0%

Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2013 A 2014 F 2015 F 2013 A 2014 F 2015 F 2013 A 2014 F 2015 F
Aveo (AOG) $1,793M 0.2830 0.4109 0.0585 26.9608 19.1083 18.0525 0.00% 2.42% 3.07%
Cedar Woods Properties (CWP) $353M 0.1585 -0.1258 0.0042 7.1772 8.2096 8.1752 6.25% 6.25% 6.25%
Peet (PPC) $441M 0.1361 0.0000 0.0000 10.8959 0.0000 0.0000 5.00% 0.00% 0.00%
Villa World (VLW) $252M 0.1749 0.0000 0.0000 8.8376 0.0000 0.0000 7.21% 0.00% 0.00%

Financial Summary

Earnings P/E Ratio P/B Ratio P/E Growth
Company 0.00 11.10 0.94 0.00
Market 1.02 16.50 1.32 1.64
Sector 1.57 15.70 1.18 2.46

Directors

Name Position Start Date
Mr Brendan David Gore Chief Executive Officer, Managing Director 6 Aug 2007
Mr Anthony(Tony) Wayne Lennon Non-Executive Chairman 5 Feb 1985
Mr Robert (Bob) John McKinnon Non-Executive Director 19 May 2014
Mr Anthony James Lennon Non-Executive Director 1 Jan 1996
Mr Trevor Allen Non-Executive Director 4 Apr 2012
Ms Vicki Krause Non-Executive Director 4 Apr 2014

Management

Name Position
B C Fullarton Chief Financial Officer
P J Dumas Chief Investment Officer
Dom Scafetta Company Secretary

Substantial Shareholders

Holding Name
92,299,388 (19.40%) Scorpio Nominees Pty Ltd and AW Lennon
32,867,466 (6.78%) Challenger Limited
29,896,369 (6.25%) Allan Gray Australia Pty Ltd
22,522,873 (5.14%) National Australia Bank Limited and associated companies
24,479,690 (5.03%) Ellerston Capital Limited and its associates

Calendar of Events

Date Event
23 February 2017 Report (Interim)
21 October 2016 Report (Annual)
25 August 2016 Report (Prelim)
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