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NRW Holdings

ASX:NWH
Snowflake Description

Flawless balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NWH
ASX
A$1B
Market Cap
  1. Home
  2. AU
  3. Capital Goods
Company description

NRW Holdings Limited, through its subsidiaries, provides civil and mining contracting, urban development, and drilling and blasting services in Australia. The last earnings update was 90 days ago. More info.


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  • NRW Holdings has significant price volatility in the past 3 months.
NWH Share Price and Events
7 Day Returns
16.5%
ASX:NWH
3.1%
AU Construction
1.1%
AU Market
1 Year Returns
114.9%
ASX:NWH
4.2%
AU Construction
2.6%
AU Market
NWH Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
NRW Holdings (NWH) 16.5% 2.8% 38.9% 114.9% 1462.2% 189%
AU Construction 3.1% -4.1% -1.6% 4.2% 33.2% 43.5%
AU Market 1.1% 1.6% 4.1% 2.6% 17.9% 7.7%
1 Year Return vs Industry and Market
  • NWH outperformed the Construction industry which returned 4.2% over the past year.
  • NWH outperformed the Market in Australia which returned 2.6% over the past year.
Price Volatility
NWH
Industry
5yr Volatility vs Market

Value

 Is NRW Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of NRW Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for NRW Holdings.

ASX:NWH Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.4%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ASX:NWH
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Construction Unlevered Beta Simply Wall St/ S&P Global 0.98
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.983 (1 + (1- 30%) (8.73%))
1.029
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.03
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (1.029 * 5.96%)
8.45%

Discounted Cash Flow Calculation for ASX:NWH using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for NRW Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

ASX:NWH DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 8.45%)
2019 73.90 Analyst x3 68.14
2020 73.20 Analyst x3 62.24
2021 64.35 Analyst x2 50.46
2022 59.00 Est @ -8.32% 42.66
2023 55.97 Est @ -5.13% 37.32
2024 54.35 Est @ -2.9% 33.41
2025 53.62 Est @ -1.33% 30.40
2026 53.49 Est @ -0.24% 27.96
2027 53.77 Est @ 0.53% 25.92
2028 54.34 Est @ 1.06% 24.16
Present value of next 10 years cash flows A$402.66
ASX:NWH DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= A$54.34 × (1 + 2.31%) ÷ (8.45% – 2.31%)
A$906.46
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$906.46 ÷ (1 + 8.45%)10
A$402.92
ASX:NWH Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$402.66 + A$402.92
A$805.59
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$805.59 / 375.88
A$2.14
ASX:NWH Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$2.14
Current discount Discount to share price of A$2.89
= -1 x (A$2.89 - A$2.14) / A$2.14
-34.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of NRW Holdings is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for NRW Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are NRW Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:NWH PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$0.15
ASX:NWH Share Price ** ASX (2019-05-20) in AUD A$2.89
Australia Construction Industry PE Ratio Median Figure of 13 Publicly-Listed Construction Companies 19.08x
Australia Market PE Ratio Median Figure of 542 Publicly-Listed Companies 15.99x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of NRW Holdings.

ASX:NWH PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:NWH Share Price ÷ EPS (both in AUD)

= 2.89 ÷ 0.15

19.4x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • NRW Holdings is overvalued based on earnings compared to the AU Construction industry average.
  • NRW Holdings is overvalued based on earnings compared to the Australia market.
Price based on expected Growth
Does NRW Holdings's expected growth come at a high price?
Raw Data
ASX:NWH PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 19.4x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
7.1%per year
Australia Construction Industry PEG Ratio Median Figure of 10 Publicly-Listed Construction Companies 1.13x
Australia Market PEG Ratio Median Figure of 359 Publicly-Listed Companies 1.44x

*Line of best fit is calculated by linear regression .

ASX:NWH PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 19.4x ÷ 7.1%

2.73x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • NRW Holdings is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on NRW Holdings's assets?
Raw Data
ASX:NWH PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$0.78
ASX:NWH Share Price * ASX (2019-05-20) in AUD A$2.89
Australia Construction Industry PB Ratio Median Figure of 19 Publicly-Listed Construction Companies 1.09x
Australia Market PB Ratio Median Figure of 1,676 Publicly-Listed Companies 1.65x
ASX:NWH PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:NWH Share Price ÷ Book Value per Share (both in AUD)

= 2.89 ÷ 0.78

3.69x

* Primary Listing of NRW Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • NRW Holdings is overvalued based on assets compared to the AU Construction industry average.
X
Value checks
We assess NRW Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Construction industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Construction industry average (and greater than 0)? (1 check)
  5. NRW Holdings has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is NRW Holdings expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
7.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is NRW Holdings expected to grow at an attractive rate?
  • NRW Holdings's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • NRW Holdings's earnings growth is expected to exceed the Australia market average.
  • NRW Holdings's revenue growth is expected to exceed the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:NWH Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:NWH Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 7.1%
ASX:NWH Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 10%
Australia Construction Industry Earnings Growth Rate Market Cap Weighted Average 6%
Australia Construction Industry Revenue Growth Rate Market Cap Weighted Average 5.6%
Australia Market Earnings Growth Rate Market Cap Weighted Average 6.9%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:NWH Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:NWH Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-06-30 1,321 116 70 5
2020-06-30 1,337 134 71 5
2019-06-30 1,152 137 63 5
ASX:NWH Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 867 101 55
2018-09-30 776 88 49
2018-06-30 685 75 42
2018-03-31 586 67 37
2017-12-31 486 59 32
2017-09-30 415 53 30
2017-06-30 345 47 29
2017-03-31 327 47 28
2016-12-31 309 46 27
2016-09-30 298 47 24
2016-06-30 288 48 21
2016-03-31 322 -4 -41

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • NRW Holdings's earnings are expected to grow by 7.1% yearly, however this is not considered high growth (20% yearly).
  • NRW Holdings's revenue is expected to grow by 10% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:NWH Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from NRW Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:NWH Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-06-30 0.18 0.21 0.12 4.00
2020-06-30 0.19 0.25 0.15 5.00
2019-06-30 0.17 0.22 0.14 4.00
ASX:NWH Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 0.15
2018-09-30 0.13
2018-06-30 0.12
2018-03-31 0.11
2017-12-31 0.10
2017-09-30 0.09
2017-06-30 0.09
2017-03-31 0.09
2016-12-31 0.09
2016-09-30 0.08
2016-06-30 0.08
2016-03-31 -0.15

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • NRW Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess NRW Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
NRW Holdings has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has NRW Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare NRW Holdings's growth in the last year to its industry (Construction).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • NRW Holdings has delivered over 20% year on year earnings growth in the past 5 years.
  • NRW Holdings's 1-year earnings growth exceeds its 5-year average (70.4% vs 34.4%)
  • NRW Holdings's earnings growth has exceeded the AU Construction industry average in the past year (70.4% vs 28.5%).
Earnings and Revenue History
NRW Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from NRW Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:NWH Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 866.74 55.02 281.70
2018-09-30 776.08 48.59 261.14
2018-06-30 685.43 42.17 240.58
2018-03-31 585.69 37.23 203.38
2017-12-31 485.95 32.30 166.19
2017-09-30 415.26 30.41 148.27
2017-06-30 344.56 28.53 130.36
2017-03-31 326.75 27.73 123.84
2016-12-31 308.94 26.94 117.32
2016-09-30 298.46 24.19 115.15
2016-06-30 287.97 21.45 112.98
2016-03-31 321.93 -40.83 192.88
2015-12-31 355.89 -103.10 272.79
2015-09-30 565.91 -166.46 352.66
2015-06-30 775.93 -229.82 432.53
2015-03-31 979.96 -164.30 508.92
2014-12-31 1,183.98 -98.77 585.32
2014-09-30 1,159.24 -27.27 566.14
2014-06-30 1,134.49 44.24 546.96
2014-03-31 1,109.56 46.07 533.20
2013-12-31 1,084.64 47.91 519.44
2013-09-30 1,229.52 61.01 557.64
2013-06-30 1,374.40 74.11 595.83
2013-03-31 1,466.60 87.25 644.28
2012-12-31 1,558.80 100.40 692.73
2012-09-30 1,458.79 98.77 661.82
2012-06-30 1,358.78 97.14 630.91

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • NRW Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • NRW Holdings used its assets more efficiently than the AU Construction industry average last year based on Return on Assets.
  • NRW Holdings has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess NRW Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Construction industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
NRW Holdings has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is NRW Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up NRW Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • NRW Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • NRW Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of NRW Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from NRW Holdings Company Filings, last reported 4 months ago.

ASX:NWH Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 294.24 95.48 82.69
2018-09-30 294.24 95.48 82.69
2018-06-30 272.64 93.21 58.85
2018-03-31 272.64 93.21 58.85
2017-12-31 244.63 102.77 52.97
2017-09-30 244.63 102.77 52.97
2017-06-30 199.07 63.10 42.26
2017-03-31 199.07 63.10 42.26
2016-12-31 182.14 71.77 31.04
2016-09-30 182.14 71.77 31.04
2016-06-30 149.79 96.49 37.18
2016-03-31 149.79 96.49 37.18
2015-12-31 134.45 119.04 38.54
2015-09-30 134.45 119.04 38.54
2015-06-30 128.36 142.26 34.63
2015-03-31 128.36 142.26 34.63
2014-12-31 237.46 166.83 138.94
2014-09-30 237.46 166.83 138.94
2014-06-30 372.00 189.48 155.47
2014-03-31 372.00 189.48 155.47
2013-12-31 361.30 214.07 174.29
2013-09-30 361.30 214.07 174.29
2013-06-30 352.87 219.57 131.07
2013-03-31 352.87 219.57 131.07
2012-12-31 349.70 239.16 210.36
2012-09-30 349.70 239.16 210.36
2012-06-30 329.18 198.77 138.04
  • NRW Holdings's level of debt (32.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (59.2% vs 32.4% today).
  • Debt is well covered by operating cash flow (106.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 9.4x coverage).
X
Financial health checks
We assess NRW Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. NRW Holdings has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is NRW Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.38%
Current annual income from NRW Holdings dividends. Estimated to be 1.79% next year.
If you bought A$2,000 of NRW Holdings shares you are expected to receive A$28 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • NRW Holdings's pays a lower dividend yield than the bottom 25% of dividend payers in Australia (2.65%).
  • NRW Holdings's dividend is below the markets top 25% of dividend payers in Australia (5.83%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:NWH Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
Australia Construction Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 3.3%
Australia Market Average Dividend Yield Market Cap Weighted Average of 415 Stocks 4.3%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.5%
Australia Bottom 25% Dividend Yield 25th Percentile 2.6%
Australia Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ASX:NWH Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2021-06-30 0.05 6.00
2020-06-30 0.05 6.00
2019-06-30 0.05 6.00
ASX:NWH Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2019-02-19 0.040 1.586
2018-08-28 0.040 2.124
2016-02-19 0.000 0.000
2015-08-31 0.000 0.000
2015-02-26 0.000 0.000
2014-08-19 0.090 18.786
2013-08-21 0.130 11.037
2012-09-28 0.200 14.159
2012-08-23 0.200 8.430
2012-02-24 0.160 4.784
2011-08-23 0.100 3.760
2011-02-23 0.080 2.971
2011-02-22 0.080 3.341
2010-08-30 0.060 3.132
2010-02-23 0.040 3.270
2009-08-26 0.020 1.164

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • NRW Holdings is not paying a notable dividend for Australia, therefore no need to check if the payments are stable.
  • NRW Holdings is not paying a notable dividend for Australia, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of NRW Holdings's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of NRW Holdings's dividends as it is not paying a notable one for Australia.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.3x coverage).
X
Income/ dividend checks
We assess NRW Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can NRW Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. NRW Holdings has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of NRW Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jules Pemberton
COMPENSATION A$2,451,873
TENURE AS CEO 8.8 years
CEO Bio

Mr. Julian Alexander Pemberton, also known as Jules, has been the Chief Executive Officer of NRW Holdings Limited since July 7, 2010 and serves as its Managing Director. Mr. Pemberton has been Executive Director of NRW Holdings Limited since July 1, 2006. He joined NRW in 1996. Mr. Pemberton served as the Chief Operating Officer of NRW Holdings Limited since 2000. He has over 25 years of experience in business, sales and management in both Australia and the United Kingdom. He served as an Operations Manager and General Manager of NRW. He joined NRW in 1997 and initially worked on site before progressing into the sales and hire area.

CEO Compensation
  • Jules's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Jules's remuneration is higher than average for companies of similar size in Australia.
Management Team Tenure

Average tenure of the NRW Holdings management team in years:

5.3
Average Tenure
  • The average tenure for the NRW Holdings management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Jules Pemberton

TITLE
CEO, MD & Executive Director
COMPENSATION
A$2M
TENURE
8.8 yrs

Andrew Walsh

TITLE
Chief Financial Officer
COMPENSATION
A$1M
TENURE
5.3 yrs

Kim Hyman

TITLE
Company Secretary
COMPENSATION
A$394K
TENURE
11.8 yrs

Mike Gloyne

TITLE
General Manager of Mining for Civil & Mining Businesses
COMPENSATION
A$194K
TENURE
4.7 yrs

Dennis Donjerkovich

TITLE
General Manager of Civil - NRW Civil & Mining
COMPENSATION
A$149K
TENURE
3.4 yrs

Ric Buratto

TITLE
Executive General Manager of NRW Civil & Mining
COMPENSATION
A$644K
TENURE
1.6 yrs

Geoff Caton

TITLE
Executive General Manager of Golding
COMPENSATION
A$915K

Keith Bassett

TITLE
Group Manager of Human Resources
COMPENSATION
A$282K
TENURE
5.3 yrs

P. Miguel

TITLE
Manager of Project Plant & Equipment
COMPENSATION
A$281K
TENURE
20.8 yrs
Board of Directors Tenure

Average tenure of the NRW Holdings board of directors in years:

4.5
Average Tenure
  • The tenure for the NRW Holdings board of directors is about average.
Board of Directors

Michael Arnett

TITLE
Chairman of the Board
COMPENSATION
A$164K
AGE
56
TENURE
3.2 yrs

Jules Pemberton

TITLE
CEO, MD & Executive Director
COMPENSATION
A$2M
TENURE
12.8 yrs

Jeff Dowling

TITLE
Non-Executive Director
COMPENSATION
A$137K
TENURE
5.8 yrs

Peter Johnston

TITLE
Non-Executive Director
COMPENSATION
A$110K
AGE
67
TENURE
2.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
11. Mar 19 Sell Dimensional Fund Advisors L.P. Company 04. Mar 19 04. Mar 19 -56,934 A$2.32 A$-131,868
11. Mar 19 Buy Dimensional Fund Advisors L.P. Company 01. Mar 19 08. Mar 19 64,442 A$2.38 A$153,096
05. Mar 19 Sell Wellington Management Group LLP Company 04. Mar 19 04. Mar 19 -642,889 A$2.31 A$-1,486,681
04. Mar 19 Sell Wellington Management Group LLP Company 09. Jul 18 01. Mar 19 -5,793,756 A$2.19 A$-12,661,643
04. Mar 19 Buy Wellington Management Group LLP Company 27. Jun 18 24. Jan 19 2,295,044 A$1.74 A$3,990,033
03. Mar 19 Sell Dimensional Fund Advisors L.P. Company 27. Feb 19 28. Feb 19 -155,387 A$2.37 A$-368,054
03. Mar 19 Buy Dimensional Fund Advisors L.P. Company 01. Feb 19 12. Feb 19 122,269 A$2.06 A$245,987
01. Mar 19 Sell Vinva Investment Management Company 27. Oct 18 27. Feb 19 -1,369,822 A$1.93 A$-2,641,717
01. Mar 19 Buy Vinva Investment Management Company 27. Oct 18 27. Feb 19 2,871,443 A$2.17 A$6,221,953
04. Jul 18 Sell IFM Investors Pty Ltd Company 04. Jun 18 03. Jul 18 -1,631,434 A$1.57 A$-2,569,384
03. Feb 19 Buy M Fund, Inc. - M International Equity Fund Company 28. Dec 18 28. Dec 18 11,110 A$1.59 A$17,663
03. Feb 19 Buy Dimensional Fund Advisors L.P. Company 10. Dec 18 29. Jan 19 346,902 A$1.83 A$625,986
04. Dec 18 Sell Dimensional Fund Advisors L.P. Company 16. Nov 18 30. Nov 18 -32,811 A$1.92 A$-60,974
04. Dec 18 Buy Dimensional Fund Advisors L.P. Company 13. Nov 18 15. Nov 18 28,000 A$1.79 A$49,153
13. Nov 18 Sell Dimensional Fund Advisors L.P. Company 27. Sep 18 27. Sep 18 -7,641 A$2.06 A$-15,739
13. Nov 18 Buy Dimensional Fund Advisors L.P. Company 29. Oct 18 12. Nov 18 164,447 A$1.92 A$302,605
09. Nov 18 Sell Paradice Investment Management Pty Ltd. Company 25. Oct 18 07. Nov 18 -2,926,745 A$1.80 A$-5,274,119
09. Nov 18 Buy Paradice Investment Management Pty Ltd. Company 14. Sep 18 26. Oct 18 1,917,175 A$2.06 A$3,941,782
07. Aug 18 Sell Realindex Investments Pty Limited Company 28. Jun 18 26. Jul 18 -845,957 A$1.58 A$-1,337,539
07. Aug 18 Buy Realindex Investments Pty Limited Company 22. May 18 22. May 18 483,425 A$1.32 A$635,704
27. Sep 18 Sell Dimensional Fund Advisors L.P. Company 16. Feb 17 26. Sep 18 -4,498,133 A$1.63 A$-6,407,164
27. Sep 18 Buy Dimensional Fund Advisors L.P. Company 06. Mar 17 25. Sep 18 1,575,380 A$2.00 A$2,133,511
17. Sep 18 Sell Paradice Investment Management Pty Ltd. Company 03. Sep 18 04. Sep 18 -6,853 A$2.04 A$-13,976
17. Sep 18 Buy Paradice Investment Management Pty Ltd. Company 08. Aug 18 12. Sep 18 18,821,330 A$1.90 A$35,691,497
07. Aug 18 Sell Colonial First State Asset Management (Australia) Limited Company 24. May 18 06. Aug 18 -4,982,833 A$1.67 A$-7,874,441
07. Aug 18 Buy Colonial First State Asset Management (Australia) Limited Company 18. May 18 02. Jul 18 860,788 A$1.63 A$1,203,860
27. Jun 18 Buy Wellington Management Group LLP Company 12. Feb 18 26. Jun 18 4,191,558 A$1.80 A$6,915,972
X
Management checks
We assess NRW Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. NRW Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Is NRW Holdings Limited's (ASX:NWH) 15% Better Than Average?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Another way to think of that is that for every A$1 worth of equity in the company, it was able to earn A$0.15. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

What Should We Expect From NRW Holdings Limited's (ASX:NWH) Earnings In The Years Ahead?

The latest earnings release NRW Holdings Limited's (ASX:NWH) announced in June 2018a … revealed

Simply Wall St -

What Does NRW Holdings Limited's (ASX:NWH) P/E Ratio Tell You?

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … We'll show how you can use NRW Holdings Limited's (ASX:NWH) P/E ratio to inform your assessment of the investment opportunity. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

A Look At The Intrinsic Value Of NRW Holdings Limited (ASX:NWH)

In this article I am going to calculate the intrinsic value of NRW Holdings Limited (ASX:NWH). … by estimating the company's future cash flows and discounting them to their present value. … discounted cash flows (DCF).

Simply Wall St -

What You Must Know About NRW Holdings Limited's (ASX:NWH) Beta Value

If you're interested in NRW Holdings Limited (ASX:NWH), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

Is It Time To Consider Buying NRW Holdings Limited (ASX:NWH)?

As a stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock? … Today I will analyse the most recent data on NRW Holdings’s outlook and valuation to see if the opportunity still exists

Simply Wall St -

What Should We Expect From NRW Holdings Limited's (ASX:NWH) Earnings Over The Next Year?

In June 2018, NRW Holdings Limited (ASX:NWH) released its earnings update. … it seems that analyst forecasts are fairly optimistic, … the past 5-year average growth rate of 8.8%

Simply Wall St -

NRW Holdings Limited (ASX:NWH): Cash Is King

I will take you through NRW Holdings’s cash flow health and the risk-return concept based on the stock’s cash flow yield, using the most recent financial data. … NRW Holdings’s free cash flow (FCF) is the level of cash flow the business generates from its operational activities, after it reinvests in the company as capital expenditure. … There are two methods I will use to evaluate the quality of NRW Holdings’s FCF: firstly, I will measure its FCF yield relative to the market index yield; secondly, I will examine whether its operating cash flow will continue to grow into the future, which will give us a sense of sustainability

Simply Wall St -

Should You Buy NRW Holdings Limited (ASX:NWH) For Its 1.1% Dividend?

Dividends play an important role in compounding returns in the long run and end up forming a sizeable part of investment returns. … Historically, NRW Holdings Limited (ASX:NWH) has paid dividends to shareholders, and these days it yields 1.1%. … Let's dig deeper into whether NRW Holdings should have a place in your portfolio.

Simply Wall St -

Is NRW Holdings Limited's (ASX:NWH) 15% ROE Strong Compared To Its Industry?

Our data shows NRW Holdings has a return on equity of 15% for the last year. … One way to conceptualize this, is that for each A$1 of shareholders' equity it has, the company made A$0.15 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Company Info

Description

NRW Holdings Limited, through its subsidiaries, provides civil and mining contracting, urban development, and drilling and blasting services in Australia. It operates through three business segments: Civil, Mining, and Drill & Blast. The Civil segment delivers private and public civil infrastructure, mine development, bulk earthworks, and commercial and residential projects. Its civil construction projects include roads, bridges, tailings storage facilities, rail formations, ports, water infrastructure, and concrete installations. The Mining segment engages in the mine management, contract mining, load and haul, dragline, and coal handling prep plants operations; maintenance activities; and fabrication of water and service vehicles. The Drill & Blast segment offers integrated end to end production drill and blast services to the mining and civil construction sectors. The company also sells plants and tires. NRW Holdings Limited was founded in 1994 and is headquartered in Belmont, Australia.

Details
Name: NRW Holdings Limited
NWH
Exchange: ASX
Founded: 1994
A$1,093,812,933
375,880,733
Website: http://www.nrw.com.au
Address: NRW Holdings Limited
181 Great Eastern Highway,
Belmont,
Western Australia, 6104,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX NWH Ordinary Shares Australian Securities Exchange AU AUD 05. Sep 2007
DB 3NR Ordinary Shares Deutsche Boerse AG DE EUR 05. Sep 2007
CHIA NWH Ordinary Shares Chi-X Australia AU AUD 05. Sep 2007
Number of employees
Current staff
Staff numbers
2,000
NRW Holdings employees.
Industry
Construction and Engineering
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 10:35
End of day share price update: 2019/05/20 00:00
Last estimates confirmation: 2019/05/17
Last earnings filing: 2019/02/19
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.