Transpacific Industries Group Ltd (TPI)

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 » it's FREE! Already a member? Login now!

General Information
Company Name: Transpacific Industries Group Ltd
Stock Code: TPI
GICS Sub-Industry: Environmental & Facilities Services
Market Cap ($M): 1,445
Equiv. Shares (M): 1,580

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
 $ 0.915 $ 0.920 $ 0.930 $ 0.915 $ 0.935 2,629,348 $ -0.020  -2.139 %

Current Broker Consensus Recommendation more
Recommendation: Buy (2.3333)
Recommendation Date: 27th Nov 2014
Brokers Surveyed: 3

Company Overview

Business Description:
Transpacific Industries Group Ltd (TPI) provides integrated industrial cleaning, recycling and total waste management solutions to customers across Australia and New Zealand. TPI is also a player in the domestic heavy-duty commercial vehicles industry.

Strategy Analysis:
In the mid 2000’s, Transpacific grew exponentially – boasting 220% revenue growth from 2005 - 2008. Sadly, drivers were far from organic, propelled by the acquisition of 47 separate companies costing AUD 2.6 billion. Cheap credit and an ambitious CEO fuelled the acquisition binge, leading to a near collapse during the GFC. Despite a volatile past, Transpacific is a leading provider of waste management and environmental services with an asset base covering primarily Eastern Australia and New Zealand. Fiscal 2012 was a year focused on strategic emphasis, improving profitability and reducing debt. Growth initiatives and cost efficiencies are now planned for fiscal 2013 and beyond, focusing on new municipal contracts for Cleanaway, expansion of hydrogenation capacity in Industrials, and new contract wins in New Zealand. Transpacific Industries Group reported NPAT of $32.3m for the half-year ended 31 December 2012. Revenues from ordinary activities were $1.16bn, up 3.8% from the same period last year. Basic and Diluted EPS was 2.0 cents compared to 0.7 cents last year. Net operating cash flow was $120.0m compared to $99.3m last year. No dividend was declared.

Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2016  F 114.5 7.3 11.4 12.6 6.0 6.6 0.0
2015  F 102.8 6.5 11.7 14.1 5.0 5.5 0.0
2014  A 92.0 5.8 35.5 18.2 0.0 0.0 0.0
Source: Morningstar analyst estimates.

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2014 A 2015 F 2016 F 2014 A 2015 F 2016 F 2014 A 2015 F 2016 F
ALS (ALQ) $2,045 M -0.3147 -0.2692 0.1604 11.3491 15.5287 13.3819 7.59 4.77 4.99
Tox Free Solutions (TOX) $306 M -0.0817 0.0234 0.2097 13.0708 12.7719 10.5579 2.62 2.73 3.27
Transpacific Ind. (TPI) $1,477 M -- -- 0.0537 -- 16.7263 15.8744 1.60 3.21 4.02

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
TPI 1.99 -- 0.80 -- 1.02
Market 0.91 15.2 1.18 1.87 1.52
Sector 0.91 12.7 1.29 1.66 0.77

Name Position Start Date
Mr Robert Charles Boucher Jr Chief Executive Officer,Executive Director 18 December 2013
Mr Mark Peter Chellew Non-Executive Director 01 March 2013
Mr Bruce Robert Brown Non-Executive Director 03 May 2005
Ms Emma Rachel Stein Non-Executive Director 01 August 2011
Raymond Maxwell Smith Non-Executive Director 01 April 2011
Mr Terry Andrew Sinclair Non-Executive Director 01 April 2012
Mr Richard (Mike) Michael Harding Non-Executive Director 01 March 2013
Mr Philippe Gerald Etienne Non-Executive Director 29 May 2014
Mr Martin Moule Hudson Non-Executive Director,Non-Executive Chairman 14 September 2009

Name Position
Stewart Cummins Chief Financial Officer
Kellie R Smith Company Secretary
Brenda Mello Executive General Manager Human Resources (Acting)
Dan J F Last General Counsel,Joint Company Secretary
Nick Clark Managing Director Cleanaway
Paul Glavac Managing Director Commercial Vehicles Group
Anthony Roderick Managing Director Industrials Australia
Tom Nickels Managing Director Transpacific Industries Group (NZ) Ltd

Substantial Shareholders
Holding Name
83,651,700 (5.29%) Cooper Investor Pty Ltd
533,898,815 (33.82%) WPX Holdings BV
85,549,702 (5.42%) National Australia Bank Limited and associated companies

Calendar of Events
Date Event
25 September 2015 Report (Annual)
18 August 2015 Report (Prelim)
13 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 Investing in Property through Super

An educational booklet on running your own superannuation fund and investing in property.

More details...


Australian Share Market - Close Up

CMC Markets 11/11/2014 | The Australian share market is in a decision zone - and trading from here may set the direction for the rest of the year.

Prices slashed - everything must go!

Nick Swales, Regional Director, Newcastle Office, Rathbones 27/10/2014 | “If you want to have a better performance than the crowd, you must do things differently from the crowd.” Sir John Templeton.

Aussie share market bulls now have company

Ric Spooner (Chief Market Analyst, CMC Markets) 20/10/2014 | Today, Australian investors will not have to go it alone buying stocks as they did for much of last week. Bargain hunters this morning will be supported by the morale boosting encouragement of a 3% turnaround in the German Dax and a 264 point rally in the Dow Jones.

The Importance of Ignoring the Noise of the Market

Carl Richards, director of investor education at the BAM Alliance 17/10/2014 | “As odd as it may sound, the sooner you start treating your investments like you treat life, the happier you’ll be with the outcome.”

You only dance twice

William H. Gross, Janus Capital Group 16/10/2014 | “Financial markets are artificially priced. In the bond market, there is nothing normal about a three year German Bund yielding “minus” 10 basis points.”

The Big Picture - Australia 200 Index

CMC Markets 8/10/2014 | Share market indices around the globe are breaking down. While analysts cast around for reasons, it’s clear that a time factor is in play. Simply put, many investors “feel” a correction is overdue. How low could it go?


Sponsored Links