Peoplein Ltd (ASX:PPE)
A$ 0.885 -0.005 (-0.56%) Market Cap: 92.97 Mil Enterprise Value: 199.20 Mil PE Ratio: 8.85 PB Ratio: 0.59 GF Score: 73/100

Half Year 2024 PeopleIn Ltd Earnings Call Transcript

Feb 25, 2024 / 10:15PM GMT
Ross Thompson
PeopleIn Limited - CEO

Thank you very much, and welcome, everyone, and thank you for attending people in first half results for financial year 24. I'm joined by our new CFO, Adam Leakes. So as you're all aware, we are a major people business and our purpose is to inspire excellence in our people, both our internal staff and also the 15,000 people that we provide employment to every week.

So now to the highlights of our results. So we've continued to grow our revenue, which is positive. But earnings are down due to a shift in contract worker mix and also permanent recruitment being down, especially of sort of the high of half year financial year 23 revenue was $602.7 million 1% up on last half. Normalized EBITDA is in line with consensus at $20.3 million, which is down 37%.

Our net debt to normalized EBITDA, it's 1.86 times, and that's based on our bank covenant calculation, normalized EPS of $10.9 and a fully franked interim dividend of $3.0. This equates to a 4.8% yield, which is similar to the full year and really reflect a prudent capital management approach taken by

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot