Last A$1.34 AUD
Change Today +0.03 / 2.30%
Volume 8.2M
AST On Other Exchanges
Symbol
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As of 12:10 AM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

ausnet services (AST) Snapshot

Open
A$1.32
Previous Close
A$1.31
Day High
A$1.34
Day Low
A$1.31
52 Week High
09/3/14 - A$1.45
52 Week Low
01/31/14 - A$1.18
Market Cap
4.6B
Average Volume 10 Days
4.5M
EPS TTM
--
Shares Outstanding
3.5B
EX-Date
11/21/14
P/E TM
--
Dividend
A$0.10
Dividend Yield
7.16%
Current Stock Chart for AUSNET SERVICES (AST)

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ausnet services (AST) Details

AusNet Services is engaged in the electricity distribution and transmission, and gas distribution businesses in Australia. The company operates in four segments: Electricity Distribution, Gas Distribution, Electricity Transmission, and Select Solutions. The Electricity Distribution segment is involved in the distribution of electricity to approximately 650,000 consumer connection points over 80,000 square kilometers in eastern Victoria, including outer eastern suburbs of Melbourne. The Gas Distribution segment distributes natural gas to approximately 602,000 consumer connection points over 60,000 square kilometers in central and western Victoria comprising Melbourne’s western suburbs. The Electricity Transmission segment is engaged in the transmission of electricity from power stations to electricity distributors through its 12,800 high voltage towers and approximately 6,500 kilometers of transmission lines in Victoria. The Select Solutions segment provides metering, data, and asset management solutions, including integrated mobile and spatial technologies to businesses operating in the essential infrastructure sector, such as electricity, water, and gas utility owners, as well as transportation authorities and telecommunications companies. The company was formerly known as SP AusNet and changed its name to AusNet Services in August 2014. AusNet Services is headquartered in Southbank, Australia.

Founded in 2004

ausnet services (AST) Top Compensated Officers

Chief Executive Officer, Managing Director, E...
Total Annual Compensation: A$1.1M
Chief Financial Officer and General Manager o...
Total Annual Compensation: A$759.3K
General Manager of Strategy & Business Develo...
Total Annual Compensation: A$345.1K
General Manager of Service Delivery
Total Annual Compensation: A$431.5K
General Manager of Asset Management
Total Annual Compensation: A$415.9K
Compensation as of Fiscal Year 2014.

ausnet services (AST) Key Developments

AusNet Services Reports Earnings Results for the Six Months Ended September 30, 2014; Revises Capex Guidance for the Second Half of 2014

AusNet Services reported earnings results for the six months ended September 30, 2014. For the period, the company reported total revenues of AUD 971.3 million against AUD 961.2 million a year ago. EBITDA was AUD 529.4 million against AUD 581.8 million a year ago. Net loss after tax was AUD 4.9 million against AUD 97.7 million a year ago. Adjusted net profit after tax was AUD 184.4 million against AUD 192.8 million a year ago. Net cash flow from operations was AUD 334.8 million against AUD 348.2 million. Payments for property, plant and equipment were AUD 423.2 million against AUD 475.8 million a year ago. Profit from operating activities was AUD 340.3 million against AUD 402.5 million a year ago. Profit before income tax was AUD 193.4 million against AUD 226.2 million a year ago. Net debt as at September 30, 2014 was AUD 5.9 billion against net debt as at September 30, 2014 of AUD 5.3 billion. Net asset value per security as at September 30, 2014 was AUD 1.03. Lower revenue and EBITDA due to a new price path commencing Apr. 1, 2014 as a result of TRR 2014-17. Higher revenues from regulated price increases of 13.75% in current year 2014, partially offset by lower Transmission charge (pass through) over recovery in prior period. For the second half of 2014, the company is increasing CapEx guidance. Previously, provided AUD 865 million, and raising that to AUD 915 million, which is basically solely driven by the additional AMI remediation and compares to AUD 922 million in fiscal year 2014.

AusNet Services Announces 2015 Interim Distribution, Payable on 24 December 2014

AusNet Services announced 2015 interim distribution of 4.18 Australian cents per security comprises 2.20 cents from a fully franked dividend (52.6%) and 1.980 cents from interest income (47.4%). ASX & SGX-ST ex-date for interim distribution is 21 November 2014. Record date to identify security holders entitled to interim distribution is 25 November 2014. Payment of interim distribution is on 24 December 2014.

AusNet Seeking An Advisor For Queensland and New South Wales Power Privatisations

AusNet Services (ASX:AST) is calling investment banks to pitch potential deal structures and funding options for Queensland and New South Wales power privatizations. AusNet is the first potential bidder to talk openly with banks about running a selection process and appointing an adviser.

 

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Industry Analysis

AST

Industry Average

Valuation AST Industry Range
Price/Earnings 55.7x
Price/Sales 2.3x
Price/Book 1.3x
Price/Cash Flow 9.6x
TEV/Sales NM Not Meaningful
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