Metro Performance Glass Limited, together with its subsidiaries, supplies processed flat glass and related products for the residential and commercial building sectors in New Zealand and Australia.
Undervalued with mediocre balance sheet.
Share Price & News
How has Metro Performance Glass's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MPP has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: Insufficient data to determine how MPP performed against the Australian Building industry.
Return vs Market: Insufficient data to determine how MPP performed against the Australian Market.
Price Volatility Vs. Market
How volatile is Metro Performance Glass's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Metro Performance Glass undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MPP (A$0.27) is trading below our estimate of fair value (A$0.96)
Significantly Below Fair Value: MPP is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MPP is good value based on its PE Ratio (13.7x) compared to the Building industry average (16.3x).
PE vs Market: MPP is good value based on its PE Ratio (13.7x) compared to the Australian market (18.7x).
Price to Earnings Growth Ratio
PEG Ratio: MPP is poor value based on its PEG Ratio (1.5x)
Price to Book Ratio
PB vs Industry: MPP is good value based on its PB Ratio (0.3x) compared to the XX Building industry average (1.2x).
How is Metro Performance Glass forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MPP's forecast earnings growth (9% per year) is above the savings rate (1.1%).
Earnings vs Market: MPP's earnings (9% per year) are forecast to grow slower than the Australian market (9.3% per year).
High Growth Earnings: MPP's earnings are forecast to grow, but not significantly.
Revenue vs Market: MPP's revenue is expected to decline over the next 3 years (-2.7% per year).
High Growth Revenue: MPP's revenue is forecast to decline over the next 3 years (-2.7% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MPP's Return on Equity is forecast to be low in 3 years time (6.1%).
How has Metro Performance Glass performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MPP has a large one-off loss of NZ$9.6M impacting its September 30 2019 financial results.
Growing Profit Margin: MPP's current net profit margins (1.4%) are lower than last year (5.1%).
Past Earnings Growth Analysis
Earnings Trend: MPP's earnings have declined by -24.5% per year over the past 5 years.
Accelerating Growth: MPP's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MPP had negative earnings growth (-73.4%) over the past year, making it difficult to compare to the Building industry average (4.6%).
Return on Equity
High ROE: MPP's Return on Equity (2.2%) is considered low.
Return on Assets
Return on Capital Employed
How is Metro Performance Glass's financial position?
Financial Position Analysis
Short Term Liabilities: MPP's short term assets (NZ$70.9M) exceed its short term liabilities (NZ$40.9M).
Long Term Liabilities: MPP's short term assets (NZ$70.9M) do not cover its long term liabilities (NZ$139.2M).
Debt to Equity History and Analysis
Debt Level: MPP's debt to equity ratio (48.6%) is considered high.
Reducing Debt: MPP's debt to equity ratio has increased from 45.7% to 48.6% over the past 5 years.
Debt Coverage: MPP's debt is well covered by operating cash flow (42.3%).
Interest Coverage: MPP's interest payments on its debt are well covered by EBIT (4x coverage).
Inventory Level: MPP has a high level of physical assets or inventory.
Debt Coverage by Assets: MPP's debt is not covered by short term assets (assets are 0.9x debt).
What is Metro Performance Glass's current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate MPP's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate MPP's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if MPP's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MPP's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: MPP is not paying a notable dividend for the Australian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MPP's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Simon Mander 0
Mr. Simon J. Mander has been the Chief Executive Officer at Metro Performance Glass Limited since November 19, 2018. Mr. Mander served as Planning Director at Lion Breweries New Zealand for 2 years as and ...
|Chief Executive Officer||1.3yrs||no data||0.054% NZ$25.9k|
|Chief Financial Officer||0.08yrs||no data||0.0065% NZ$3.1k|
|Investor Relations Manager & Company Secretary||0yrs||no data||0.00070% NZ$335.6|
|Human Resources Director||5.3yrs||no data||no data|
Experienced Management: MPP's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
|Independent Non-Executive Chair||2.3yrs||NZ$106.04k||0.11% NZ$50.6k|
|Independent Non-Executive Director||1.8yrs||no data||0.031% NZ$15.0k|
|Independent Non-Executive Director||5.6yrs||NZ$92.00k||0.013% NZ$6.5k|
|Independent Non-Executive Director||5.6yrs||NZ$100.00k||0.013% NZ$6.5k|
|Independent Non Executive Director||2.8yrs||NZ$75.88k||0.025% NZ$11.9k|
|Non Executive Director||0.2yrs||no data||no data|
Experienced Board: MPP's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: MPP insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Metro Performance Glass Limited's company bio, employee growth, exchange listings and data sources
- Name: Metro Performance Glass Limited
- Ticker: MPP
- Exchange: ASX
- Founded: 1987
- Industry: Building Products
- Sector: Capital Goods
- Market Cap: NZ$50.052m
- Listing Market Cap: NZ$47.946m
- Shares outstanding: 185.38m
- Website: https://www.metroglass.co.nz
Number of Employees
- Metro Performance Glass Limited
- 5 Lady Fisher Place
- New Zealand
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MPG||NZSE (New Zealand Stock Exchange)||Yes||Ordinary Shares||NZ||NZD||Jul 2014|
|MPP||ASX (Australian Securities Exchange)||Yes||Ordinary Shares||AU||AUD||Jul 2014|
|MPP||CHIA (Chi-X Australia)||Yes||Ordinary Shares||AU||AUD||Jul 2014|
Metro Performance Glass Limited, together with its subsidiaries, supplies processed flat glass and related products for the residential and commercial building sectors in New Zealand and Australia. Its glass products include splash backs, benchtops, and kitchen doors and mirrors; and mirrors, inline showers, two and three sided showers, bath end showers, bath screens, and shower and screen hardware. The company also offers balustrades, stairs, room dividers, doors, mirrors, furniture, and balustrade and door hardware; and exterior balustrades, pool fences, wind breaks, glass canopies, glass features, outdoor furniture, and balustrade and pool fence hardware. In addition, it provides installation services. Metro Performance Glass Limited was founded in 1987 and is headquartered in Auckland, New Zealand.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/23 10:49|
|End of Day Share Price||2020/02/19 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.