AusNet Services (AST) - Research

$1.790 0.015 (0.85%)

AST General Information +

ASX Code AST
Website http://www.ausnetservices.com.au
GICS Sub-Industry Electric Utilities
Market Cap ($M) 6,604
Current Price $1.790
Day High $1.795
Day Low $1.775
Last Close $1.775
Price Movement $0.02 ( 0.85% )
Prices as at 16:40, 20 Sep 2019
+Security prices are delayed by at least 20 minutes and are indicative only.

AST Company Overview

Business Description

AusNet Services (AST, formerly SP AusNet) own and operate the Victorian electricity transmission network, one of five electricity distribution networks, and one of three gas distribution networks in Victoria. As well as the network businesses, commercial business - Mondo - provides a range of energy and infrastructure products and services to business, government, communities and households. These services include metering, asset intelligence and telecommunication solutions, as well as advanced energy management solutions enabling community energy hubs and solar mini grids.

AST Financial Summary

Year to Mar NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2021 F 238.31 6.42 5.40% 27.88 10.51 5.87% 45.0%
2020 F 222.25 6.09 16.40% 29.39 10.20 5.70% 45.0%
2019 A 189.40 5.23 -19.40% 31.51 9.72 5.90% 42.5%

AST Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2019 A 2020 F 2021 F 2019 A 2020 F 2021 F 2019 A 2020 F 2021 F
AusNet Services (AST) $6,549M -0.1324 -0.0528 0.1220 25.3210 26.7319 23.8255 5.48% 5.73% 5.94%
ERM Power (EPW) $606M 0.0000 -0.6790 -0.1902 4.6025 14.3365 17.7030 4.96% 3.97% 3.59%
Spark Infrastructure (SKI) $3,687M 0.9545 -0.1165 -0.1758 21.0680 23.8462 28.9333 7.37% 6.91% 6.99%

AST Market Comparison

Earnings P/E Ratio P/B Ratio P/E Growth
Company 0.86 26.20 1.99 8.48
Market 0.86 16.80 1.61 1.83
Sector 0.81 24.70 1.82 2.13

AST Directors

Name Position Start Date
Mr Nino Ficca Managing Director 31 May 2005
Dr Nora Lia Scheinkestel Non-Executive Director 18 Nov 2016
Dr Ralph Howard Craven Non-Executive Director 24 Jan 2014
Ms Sally Marie Farrier Non-Executive Director 24 Jan 2014
Mr Robert Milliner Non-Executive Director 23 Jul 2015
Mr Chee Meng Tan Non-Executive Director 11 May 2016
Mr Alan Heng Loon Chan Non-Executive Director 28 May 2018
Mr Lequan Li Non-Executive Director 1 Oct 2018
Mr Peter Edward Mason Non-Executive Director, Non-Executive Chairman 18 Mar 2016

AST Management

Name Position
Adam Newman Executive General Manager and Chief Financial Officer
Chad Hymas Executive General Manager, Mondo
Alistair Parker Executive General Manager, Regulated Energy Services
Mario Tieppo Executive General Manager, Technology
Richard Milne Harris General Counsel,Company Secretary
Paul Lynch Joint Company Secretary

AST Substantial Shareholders

Holding Name
1,135,978,621 (31.10%) Singapore Power International Pte Ltd
726,880,211 (19.90%) State Grid Corporation of China

AST Calendar of Events

Date Event
12 June 2020 Report (Annual)
11 May 2020 Report (Prelim)
13 November 2019 Report (Interim)

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