Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  NEW ZEALAND STOCK EXCHANGE  >  Z Energy Ltd    ZEL   NZZELE0001S1

Z ENERGY LTD (ZEL)
Mes dernières consult.
Most popular
  Report  
SummaryNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

Z Energy : First-Half Profit Increases

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/08/2017 | 09:17pm CEST
By Ben Collins 

WELLINGTON--New Zealand fuel distributor Z Energy Ltd. (>> Z Energy Ltd) reported a 10% first-half profit rise on Thursday as it continued to reap the rewards from a 785 million New Zealand dollar (US$543) purchase of Chevron Corp.'s (>> Chevron Corporation) gas-station network in the country.

The Wellington-based company said net profit for the six months through September rose to NZ$80 million from NZ$73 million a year ago.

On a replacement cost basis--which strips out the effect of movements in oil prices by restating the cost of sales using the replacement cost of goods sold--Z Energy's half-year earnings before interest, tax, depreciation and fair-value adjustments totaled NZ$221 million. That was up from NZ$186 million a year ago.

Z Energy has aggressively expanded in recent years, settling a deal with Chevron for its Caltex-branded sites in June last year. The transaction added to the company's debt load and prompted directors to take a conservative approach to dividend payouts while it brought borrowings down.

Still, the company has been able to bring its debt levels down at a faster pace than originally expected, and is on track to reach a self-imposed net debt to Ebitdaf target of 2X a year ahead of a fiscal 2019 timetable.

The company said it would pay a first-half dividend of 10.4 New Zealand cents a share, up from 9.4 cents last year. It said its fiscal-year earnings guidance of between NZ$445 million and NZ$475 million was unchanged.

Write to Ben Collins at [email protected]

Stocks mentioned in the article : Z Energy Ltd, Chevron Corporation
Stocks mentioned in the article
ChangeLast1st jan.
CHEVRON CORPORATION -0.87% 121.91 Delayed Quote.-2.62%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on Z ENERGY LTD
07/16Z ENERGY : Support for Waipa groups
AQ
07/10Z ENERGY : Kiwis have voted on Good in the Hood funding split
PU
07/09Z ENERGY : putting $1.5m into forestry
AQ
07/09Z ENERGY : invests heavily in permanent forest sinks
PU
06/29Z ENERGY : calls for Z Card customers with any concerns to contact Z
PU
06/27Z ENERGY : Card online data
PU
06/06Z ENERGY : Momentum building for action on climate change
AQ
05/26Z ENERGY : Air NZ legal action against fuel companies not surprising
AQ
05/24Air New Zealand launches legal action against fuel companies over pipeline ou..
AQ
05/11Z ENERGY : Correction
AQ
More news
News from SeekingAlpha
06/21Z Energy (ZNRGF) Investor Presentation - Slideshow 
05/03Z ENERGY LTD ORD 2018 Q4 - Results - Earnings Call Slides 
2017Z ENERGY LTD ORD's (ZNRGF) CEO Mike Bennetts on Q2 2017 Results - Earnings Ca.. 
2017Z Energy Limited (ZNRGF) Investor Presentation - Slideshow 
2015ISHARES MSCI NEW ZEALAND CAPPED ETF : The Other Down Under 
Financials ( NZD)
Sales 2019 4 554 M
EBIT 2019 360 M
Net income 2019 233 M
Debt 2019 771 M
Yield 2019 6,71%
P/E ratio 2019 12,98
P/E ratio 2020 11,83
EV / Sales 2019 0,83x
EV / Sales 2020 0,80x
Capitalization 3 020 M
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 5
Average target price 8,28  NZD
Spread / Average Target 9,6%
EPS Revisions
Managers
NameTitle
Michael John Bennetts Chief Executive Officer
Peter Ward Griffiths Independent Chairman
Christopher William Day Chief Financial Officer
Alan Michael Dunn Independent Non-Executive Director
Abigail Kate Foote Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
Z ENERGY LTD2 063
PETRONAS DAGANGAN BERHAD--.--%6 320
RUBIS-11.83%5 904
TOWNGAS CHINA COMPANY LTD24.32%2 819
SUNOCO LP-9.51%2 504
ORIENTAL ENERGY CO., LTD.--.--%2 372