NZX LIMITED |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1.17 NZD | +0.86% |
|
+2.63% | +7.34% |
| Apr. 18 | Transcript : NZX Limited - Shareholder/Analyst Call | |
| Mar. 22 | New Zealand Shares Continue Rise as Investors Cheer ‘Surprise’ Swiss Rate Cut; Manawa Energy Raises Earnings Guidance | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 374.9 | 544.9 | 508 | 380.8 | 353.4 | 381.2 | - | - |
| Enterprise Value (EV) 1 | 366 | 531 | 498 | 399.8 | 353.4 | 426.1 | 424.3 | 414.7 |
| P/E ratio | 25.7 x | 31.1 x | 34.2 x | 26.9 x | 26 x | 23 x | 19.5 x | 16.9 x |
| Yield | 4.49% | 3.11% | 3.37% | 5.04% | - | 5.21% | 5.3% | 5.51% |
| Capitalization / Revenue | 5.39 x | 6.95 x | 5.78 x | 3.98 x | 3.26 x | 3.29 x | 3.1 x | 2.94 x |
| EV / Revenue | 5.26 x | 6.77 x | 5.66 x | 4.18 x | 3.26 x | 3.67 x | 3.45 x | 3.2 x |
| EV / EBITDA | 11.7 x | 15.4 x | 14.5 x | 10.9 x | 8.81 x | 9.8 x | 8.82 x | 7.89 x |
| EV / FCF | 15.2 x | - | - | - | - | 125 x | 31.9 x | 14.2 x |
| FCF Yield | 6.58% | - | - | - | - | 0.8% | 3.13% | 7.04% |
| Price to Book | 5.86 x | 8.06 x | 7.15 x | - | - | 3.36 x | 3.37 x | 3.31 x |
| Nbr of stocks (in thousands) | 275,684 | 278,001 | 280,690 | 314,709 | 324,205 | 325,834 | - | - |
| Reference price 2 | 1.360 | 1.960 | 1.810 | 1.210 | 1.090 | 1.170 | 1.170 | 1.170 |
| Announcement Date | 2/13/20 | 2/16/21 | 2/16/22 | 2/23/23 | 2/22/24 | - | - | - |
1NZD in Million2NZD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 69.55 | 78.43 | 87.96 | 95.73 | 108.4 | 116 | 123.1 | 129.8 |
| EBITDA 1 | 31.36 | 34.4 | 34.43 | 36.6 | 40.11 | 43.48 | 48.12 | 52.55 |
| EBIT 1 | 22.77 | 26.1 | 24.02 | 22.74 | 23.34 | 25.41 | 29.96 | 35.88 |
| Operating Margin | 32.74% | 33.28% | 27.31% | 23.76% | 21.53% | 21.91% | 24.34% | 27.65% |
| Earnings before Tax (EBT) 1 | 20.53 | 24.62 | 21.37 | 19.52 | 19.21 | 21.7 | 28.21 | 31.92 |
| Net income 1 | 14.64 | 17.59 | 15.02 | 14.16 | 13.55 | 15.07 | 18.94 | 23.12 |
| Net margin | 21.06% | 22.42% | 17.07% | 14.79% | 12.51% | 12.99% | 15.39% | 17.81% |
| EPS 2 | 0.0530 | 0.0630 | 0.0530 | 0.0450 | 0.0420 | 0.0509 | 0.0599 | 0.0694 |
| Free Cash Flow 1 | 24.08 | - | - | - | - | 3.4 | 13.3 | 29.2 |
| FCF margin | 34.63% | - | - | - | - | 2.93% | 10.81% | 22.5% |
| FCF Conversion (EBITDA) | 76.78% | - | - | - | - | 7.82% | 27.64% | 55.56% |
| FCF Conversion (Net income) | 164.44% | - | - | - | - | 22.57% | 70.23% | 126.32% |
| Dividend per Share 2 | 0.0610 | 0.0610 | 0.0610 | 0.0610 | - | 0.0610 | 0.0620 | 0.0645 |
| Announcement Date | 2/13/20 | 2/16/21 | 2/16/22 | 2/23/23 | 2/22/24 | - | - | - |
1NZD in Million2NZD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 | 2025 S1 | 2025 S2 |
|---|---|---|---|---|---|---|
| Net sales 1 | - | 54.43 | 55.1 | 59 | 58.9 | 61 |
| EBITDA 1 | - | 19.5 | 20.8 | 22.6 | 22.9 | 23.9 |
| EBIT 1 | - | 11.07 | 10 | 11.9 | 12.1 | 13 |
| Operating Margin | - | 20.34% | 18.15% | 20.17% | 20.54% | 21.31% |
| Earnings before Tax (EBT) | - | - | - | - | - | - |
| Net income 1 | 6.973 | 6.581 | 7 | 8.3 | 8.4 | 9.1 |
| Net margin | - | 12.09% | 12.7% | 14.07% | 14.26% | 14.92% |
| EPS 2 | 0.0210 | 0.0210 | 0.0200 | 0.0300 | 0.0300 | 0.0300 |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 8/25/23 | 2/22/24 | - | - | - | - |
1NZD in Million2NZD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | 19 | - | 44.9 | 43.1 | 33.5 |
| Net Cash position 1 | 8.89 | 13.9 | 10.1 | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | 0.5201 x | - | 1.033 x | 0.8951 x | 0.6379 x |
| Free Cash Flow 1 | 24.1 | - | - | - | - | 3.4 | 13.3 | 29.2 |
| ROE (net income / shareholders' equity) | 23.4% | 26.7% | 21.7% | 15.5% | - | 13.7% | 16.6% | 18.6% |
| ROA (Net income/ Total Assets) | 7.33% | - | 7.03% | 6.84% | - | 10.5% | 12.5% | 13.9% |
| Assets 1 | 199.8 | - | 213.6 | 206.9 | - | 142.9 | 151.1 | 166.1 |
| Book Value Per Share 2 | 0.2300 | 0.2400 | 0.2500 | - | - | 0.3500 | 0.3500 | 0.3500 |
| Cash Flow per Share 2 | 0.0900 | 0.1100 | 0.1000 | 0.0800 | - | 0.1400 | 0.1600 | 0.1700 |
| Capex 1 | 8.3 | 9.97 | 5.47 | 5.1 | - | 14.6 | 13 | 11 |
| Capex / Sales | 11.94% | 12.72% | 6.22% | 5.32% | - | 12.56% | 10.59% | 8.49% |
| Announcement Date | 2/13/20 | 2/16/21 | 2/16/22 | 2/23/23 | 2/22/24 | - | - | - |
1NZD in Million2NZD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B-
Sell
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
1.17
NZD
Average target price
1.475
NZD
Spread / Average Target
+26.07%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +7.34% | 226M | |
| +2.55% | 75.52B | |
| -3.67% | 59.47B | |
| -6.64% | 40.42B | |
| +3.41% | 34.86B | |
| -22.89% | 12.29B | |
| +7.31% | 9.34B | |
| -31.09% | 7.59B | |
| +13.51% | 7.36B | |
| -5.29% | 7.31B |
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