Novarise Renewable Resources International Limited (NOE)



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General Information
Company Name: Novarise Renewable Resources International Limited
Stock Code: NOE
Website: www.novarise.com.au
GICS Sub-Industry: Commodity Chemicals
Market Cap ($M): 54
Equiv. Shares (M): 415

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
$ 0.130 $ 0.130 $ 0.130 $ 0.130 $ 0.130 8,000 0%

Company Overview

Business Description:
Novarise Renewable Resources International Limited (NOE) is involved in the use of its recycling technology to process polypropylene (PP) waste material into fibre-grade PP pellets. The recycled PP pellets are used to produce polypropylene filament yarns, PP consumer webbing products, PP cloth and agricultural wine. The company's production facility is based in Quanzhou, Fujian Province, China.


Financial Summary
Year to Dec NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2013  A 9.1 2.2 -45.9 8.0 0.0 0.0 --
2012  A 16.7 4.0 -1.7 4.4 0.0 0.0 --
2011  A 17.0 4.1 -1.0 5.5 0.0 0.0 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2011 A 2012 F 2013 F 2011 A 2012 F 2013 F 2011 A 2012 F 2013 F
Incitec Pivot (IPL) $5,261 M 0.1828 0.0249 0.0752 14.4901 14.1378 13.1491 3.44 3.54 3.63
Novarise (NOE) $54 M -0.4590 -- -- 5.9633 -- -- 0.00 -- --

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
NOE 0.58 5.96 0.47 -- 0.59
Market 1.02 13.7 0.96 0.99 2.90
Sector 0.62 11.5 0.69 1.26 2.40

Directors
Name Position Start Date
Mr Xiaobin Zhuang Chief Financial Officer,Joint Company Secretary,Executive Director 09 December 2009
Mr Qingyue Su Executive Chairman,Managing Director 06 August 2009
Mr John Thomas O'Brien Non-Executive Director 09 December 2009
Mr Fai-Peng Chen Non-Executive Director   
Mr Liandong Tu Non-Executive Director 09 December 2009
Mr Chung Yi So Non-Executive Director 09 December 2009

Management
Name Position
Winnie Chen Company Secretary

Substantial Shareholders
Holding Name
346,290,284 (83.43%) Citicorp Nominees Pty Limited
24,063,014 (5.80%) Uob Kay Hian Pte Ltd
9,194,931 (2.22%) JP Morgan Nominees Australia Limited

Calendar of Events
Date Event
28 August 2015 Report (Interim)
29 April 2015 Report (Annual)
27 February 2015 Report (Prelim)
© 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 www.morningstar.com.au/fsg.asp.

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