Euroz Limited (EZL)

Welcome to InvestSMART

You are currently viewing our site as a guest, which gives you limited access to our site features. By signing up for a free membership, you will receive our Investment Opportunity newsletters and have access to additional features for finding and comparing managed funds and shares. Registration is fast and simple, so please:

Sign Up Today Ľ it's FREE! Already a member? Login now!

General Information
Company Name: Euroz Limited
Stock Code: EZL
GICS Sub-Industry: Other Diversified Financial Services
Market Cap ($M): 188
Equiv. Shares (M): 154

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
$ 1.220 $ 1.220 $ 1.227 $ 1.210 $ 1.220 40,417 0%

Company Overview

Business Description:
Euroz Limited (EZL) is a specialist financial services company, providing stock broking services, corporate finance and funds management. EZL operates its primary business activities in Western Australian through two wholly owned subsidiaries; Euroz Securities Limited and Westoz Funds Management Pty Ltd.

Strategy Analysis:
EZL's strategy is centered on incremental improvements through the expansion of key business units. These businesses are interdependent, with focus on specific market niches and provide positive synergies across the entire group. Westoz Funds Management has a medium to long term strategy that looks to leveraging specialised services and experience within the Western Australian capital market. Revenues are expected to be generated through fees based on funds under management and performance strategies. Retail investors may gain access to these portfolios via Westoz Investment Company Limited and Ozgrowth Limited. Euroz reported NPAT of $10.34m for the half-year ended 31 December 2012. Revenues from ordinary activities were $31.95m, up 29.84% from last year. Diluted EPS was 7.14 cents compared to 1.87 cents last year. Net operating cash flow was $5.67m compared to $7.43m last year. The interim dividend declared was 1.5 cents, compared with 1.5 cents last year.

Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2014  A 26.5 18.3 381.6 6.4 10.8 9.1 100.0
2013  A 5.5 3.8 -48.6 28.6 6.5 6.0 100.0
2012  A 10.7 7.4 -54.0 18.6 8.0 5.9 100.0
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2012 A 2013 F 2014 F 2012 A 2013 F 2014 F 2012 A 2013 F 2014 F
Challenger (CGF) $4,022 M 0.0459 -0.0043 0.0456 11.7637 11.8144 11.2995 3.65 4.21 4.56
Euroz (EZL) $188 M 3.8333 -- -- 6.6776 -- -- 8.81 -- --
IOOF (IFL) $2,551 M 0.1260 0.1406 0.0980 16.2338 14.2331 12.9632 5.59 6.18 6.80
Macquarie Group (MQG) $18,421 M 0.5572 0.0976 0.0594 15.6814 14.2868 13.4862 6.55 5.12 5.55
Platinum Asset Mgmt (PTM) $3,448 M 0.4366 0.0355 0.0744 18.3107 17.6838 16.4589 5.72 5.59 6.02

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth
EZL -- 6.68 1.52 --
Market 1.01 15.5 1.25 1.70
Sector 1.25 14.4 1.07 1.61

Name Position Start Date
Mr David Curnow Executive Director 26 May 2014
Mr Jay Evan Dale Hughes Executive Director 20 November 2000
Mr Doug Young Executive Director 09 February 2011
Mr Greg Chessell Executive Director 09 February 2011
Mr Andrew McKenzie Managing Director,Executive Chairman 20 November 2000
Mr Russell Kane Non-Executive Director 05 November 2013
Mr Simon Yeo Non-Executive Director 05 November 2013

Name Position
Chris Webster Company Secretary

Substantial Shareholders
Holding Name
-- (--%) Not Disclosed in Annual Report

Calendar of Events
Date Event
28 August 2015 Report (Prelim)
16 February 2015 Report (Interim)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at


Trade Shares Online from $19.95^
Free Guides

The SMH Guide to Estate Planning

Everyone wants their financial affairs to be in the best possible state when they die so that their loved ones can enjoy the benefits of their legacy without dispute or conflict.

More details...


Billionaires bankroll Ten's new direction Media Network sees digital future

The Age 19/12/2013 | Ten Network's programming ambitions will be funded by a $200 million loan guaranteed by three of its billionaire owners, as the free-to-air broadcaster declared digital was the future and pointed to early signs that its switch to an older market demographic was working.

Elders alleges $24m fraud in live cattle division

The Age 19/12/2013 | Troubled rural services group Elders is threatening to call in the police over an alleged $24 million fraud by a "handful of individuals" in its live cattle exports division.

Bega Cheese holds back in three-way bidding war for WCB

The Age 19/12/2013 | Bega Cheese began the battle for Warrnambool Cheese & Butter but three months on it appears to be the first casualty of the bidding war.

Aussie hampers transition

The Age 19/12/2013 | A persistently high Australian dollar is thwarting the Reserve Bank's efforts to ease the transition of the economy away from mining.

RBA keeps its focus on lower dollar

The Age 19/12/2013 | The Reserve Bank is keeping the door open to further interest rate cuts, but believes the "significant amount" of monetary policy easing over the past two years is already stimulating growth.

Pact's struggles weigh down Orora

The Age 19/12/2013 | The underwhelming sharemarket debut of packaging company Pact Group Holdings has weighed on the demerger of Amcor and its $2 billion Australasian packaging and distribution business Orora.


Sponsored Links