company background image
ZEL

Z Energy ASX:ZEL Stock Report

Last Price

NZ$3.45

Market Cap

NZ$1.8b

7D

0%

1Y

33.2%

Updated

11 May, 2022

Data

Company Financials +
ZEL fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance1/6
Financial Health4/6
Dividends2/6

ZEL Stock Overview

Z Energy Limited sells transport fuel in New Zealand.

Z Energy Peers

Price History & Performance

Summary of all time highs, changes and price drops for Z Energy
Historical stock prices
Current Share PriceNZ$3.45
52 Week HighNZ$3.50
52 Week LowNZ$2.34
Beta0.75
1 Month Change0.88%
3 Month Change1.77%
1 Year Change33.21%
3 Year Change-41.92%
5 Year Change-52.41%
Change since IPO6.81%

Recent News & Updates

Shareholder Returns

ZELAU Oil and GasAU Market
7D0%-4.5%-4.3%
1Y33.2%33.1%0.8%

Return vs Industry: ZEL matched the Australian Oil and Gas industry which returned 32.3% over the past year.

Return vs Market: ZEL exceeded the Australian Market which returned -0.4% over the past year.

Price Volatility

Is ZEL's price volatile compared to industry and market?
ZEL volatility
ZEL Average Weekly Movement1.3%
Oil and Gas Industry Average Movement12.8%
Market Average Movement9.3%
10% most volatile stocks in AU Market16.6%
10% least volatile stocks in AU Market4.3%

Stable Share Price: ZEL is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 1% a week.

Volatility Over Time: ZEL's weekly volatility (1%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19592,121Mike Bennettshttps://www.z.co.nz

Z Energy Limited sells transport fuel in New Zealand. It supplies fuel to retail customers, as well as commercial customers, such as airlines, trucking companies, shipping companies, and vehicle fleet operators, as well as supplies bitumen to roading contractors. The company also offers Z Business Plus, a fuel card for businesses to buy fuels.

Z Energy Fundamentals Summary

How do Z Energy's earnings and revenue compare to its market cap?
ZEL fundamental statistics
Market CapNZ$1.96b
Earnings (TTM)NZ$210.00m
Revenue (TTM)NZ$4.19b

9.3x

P/E Ratio

0.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ZEL income statement (TTM)
RevenueNZ$4.19b
Cost of RevenueNZ$3.41b
Gross ProfitNZ$785.00m
Other ExpensesNZ$575.00m
EarningsNZ$210.00m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

May 16, 2022

Earnings per share (EPS)0.40
Gross Margin18.74%
Net Profit Margin5.01%
Debt/Equity Ratio86.5%

How did ZEL perform over the long term?

See historical performance and comparison

Dividends

3.7%

Current Dividend Yield

56%

Payout Ratio
New valuation analysis is now available for all ASX stocks. This is in beta.

Future Growth

How is Z Energy forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-19.0%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ZEL's earnings are forecast to decline over the next 3 years (-19% per year).

Earnings vs Market: ZEL's earnings are forecast to decline over the next 3 years (-19% per year).

High Growth Earnings: ZEL's earnings are forecast to decline over the next 3 years.

Revenue vs Market: ZEL's revenue (6.3% per year) is forecast to grow faster than the Australian market (4.9% per year).

High Growth Revenue: ZEL's revenue (6.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if ZEL's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Z Energy performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-28.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ZEL has a high level of non-cash earnings.

Growing Profit Margin: ZEL became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: ZEL's earnings have declined by 28.8% per year over the past 5 years.

Accelerating Growth: ZEL has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: ZEL has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (299.7%).


Return on Equity

High ROE: ZEL's Return on Equity (17.6%) is considered low.


Financial Health

How is Z Energy's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: ZEL's short term assets (NZ$1.2B) exceed its short term liabilities (NZ$1.1B).

Long Term Liabilities: ZEL's short term assets (NZ$1.2B) exceed its long term liabilities (NZ$1.1B).


Debt to Equity History and Analysis

Debt Level: ZEL's net debt to equity ratio (73%) is considered high.

Reducing Debt: ZEL's debt to equity ratio has reduced from 200.5% to 86.5% over the past 5 years.

Debt Coverage: ZEL's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: ZEL's interest payments on its debt are well covered by EBIT (15.5x coverage).


Balance Sheet


Dividend

What is Z Energy current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


3.71%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: ZEL's dividend (3.71%) is higher than the bottom 25% of dividend payers in the Australian market (2.54%).

High Dividend: ZEL's dividend (3.71%) is low compared to the top 25% of dividend payers in the Australian market (6.05%).


Stability and Growth of Payments

Stable Dividend: ZEL has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: ZEL has only been paying a dividend for 9 years, and since then payments have fallen.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (55.8%), ZEL's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: ZEL is paying a dividend but the company has no free cash flows.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.4yrs

Average management tenure


CEO

Mike Bennetts

12.08yrs

Tenure

Mr. Michael John Bennetts, also known as Mike, BBS, Diploma in Corporate Management, CMInstD, serves as a Member of the Management of Morrison & Co Infrastructure Management Limited - Manager for Infratil...


Leadership Team

Experienced Management: ZEL's management team is considered experienced (3.4 years average tenure).


Board Members

Experienced Board: ZEL's board of directors are considered experienced (5.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Z Energy Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Z Energy Limited
  • Ticker: ZEL
  • Exchange: ASX
  • Founded: 1959
  • Industry: Oil and Gas Storage and Transportation
  • Sector: Energy
  • Implied Market Cap: NZ$1.958b
  • Listing Market Cap: NZ$1.777b
  • Shares outstanding: 519.29m
  • Website: https://www.z.co.nz

Number of Employees


Location

  • Z Energy Limited
  • 3 Queens Wharf
  • Wellington
  • 6011
  • New Zealand

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/11 00:00
End of Day Share Price2022/04/28 00:00
Earnings2021/09/30
Annual Earnings2021/03/31


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.