Z Energy Limited sells transport fuel in New Zealand.
Undervalued with limited growth.
Share Price & News
How has Z Energy's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ZEL's share price has been volatile over the past 3 months.
7 Day Return
AU Oil and Gas
1 Year Return
AU Oil and Gas
Return vs Industry: ZEL underperformed the Australian Oil and Gas industry which returned -40.1% over the past year.
Return vs Market: ZEL underperformed the Australian Market which returned -17.5% over the past year.
Price Volatility Vs. Market
How volatile is Z Energy's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Z Energy 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: ZEL (A$2.89) is trading below our estimate of fair value (A$5.62)
Significantly Below Fair Value: ZEL is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ZEL is good value based on its PE Ratio (6.3x) compared to the Oil and Gas industry average (7.9x).
PE vs Market: ZEL is good value based on its PE Ratio (6.3x) compared to the Australian market (13.5x).
Price to Earnings Growth Ratio
PEG Ratio: ZEL is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: ZEL is overvalued based on its PB Ratio (1.3x) compared to the AU Oil and Gas industry average (0.8x).
How is Z Energy 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: ZEL's forecast earnings growth (16.8% per year) is above the savings rate (1.1%).
Earnings vs Market: ZEL's earnings (16.8% per year) are forecast to grow faster than the Australian market (10.5% per year).
High Growth Earnings: ZEL's earnings are forecast to grow, but not significantly.
Revenue vs Market: ZEL's revenue is expected to decline over the next 3 years (-4.9% per year).
High Growth Revenue: ZEL's revenue is forecast to decline over the next 3 years (-4.9% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ZEL's Return on Equity is forecast to be low in 3 years time (10.6%).
How has Z Energy performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ZEL has a large one-off loss of NZ$35.0M impacting its September 30 2019 financial results.
Growing Profit Margin: ZEL's current net profit margins (1.7%) are lower than last year (6.2%).
Past Earnings Growth Analysis
Earnings Trend: ZEL's earnings have grown significantly by 30.8% per year over the past 5 years.
Accelerating Growth: ZEL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ZEL had negative earnings growth (-71.7%) over the past year, making it difficult to compare to the Oil and Gas industry average (-16%).
Return on Equity
High ROE: ZEL's Return on Equity (9%) is considered low.
How is Z Energy's financial position?
Financial Position Analysis
Short Term Liabilities: ZEL's short term assets (NZ$1.0B) exceed its short term liabilities (NZ$937.0M).
Long Term Liabilities: ZEL's short term assets (NZ$1.0B) do not cover its long term liabilities (NZ$1.4B).
Debt to Equity History and Analysis
Debt Level: ZEL's debt to equity ratio (134%) is considered high.
Reducing Debt: ZEL's debt to equity ratio has increased from 77.7% to 134% over the past 5 years.
Debt Coverage: ZEL's debt is not well covered by operating cash flow (11.4%).
Interest Coverage: ZEL's interest payments on its debt are well covered by EBIT (3.9x coverage).
What is Z Energy's current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate ZEL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate ZEL'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 ZEL's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if ZEL's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: ZEL is not paying a notable dividend for the Australian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of ZEL'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
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 ...
|Chief Executive Officer||10yrs||no data||0.088% NZ$986.7k|
|Chief Financial Officer||1yr||no data||0.026% NZ$288.8k|
|General Counsel & Chief Governance Officer||1.5yrs||no data||no data|
|General Manager of Marketing||5.17yrs||no data||no data|
|General Manager of People & Culture||2.25yrs||no data||no data|
|Chief Innovation Officer||no data||no data||no data|
|Chief Digital Officer||1.17yrs||no data||no data|
Experienced Management: ZEL's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.
|Independent Director||2.92yrs||no data||0.0019% NZ$21.2k|
|Independent Director||0.50yr||no data||no data|
|Independent Director||1.67yrs||no data||no data|
|Independent Director||10yrs||NZ$115.33k||no data|
|Independent Chairman||0.92yr||NZ$115.33k||0.0095% NZ$106.3k|
|Independent Director||4.67yrs||NZ$104.81k||0.0045% NZ$50.6k|
|Independent Director||4.17yrs||NZ$99.81k||0.0026% NZ$29.6k|
Experienced Board: ZEL's board of directors are not considered experienced ( 2.9 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: Insufficient data to determine if 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.
Z Energy Limited's company bio, employee growth, exchange listings and data sources
- Name: Z Energy Limited
- Ticker: ZEL
- Exchange: ASX
- Founded: 1959
- Industry: Oil and Gas Refining and Marketing
- Sector: Energy
- Market Cap: NZ$1.167b
- Listing Market Cap: NZ$1.125b
- Shares outstanding: 399.66m
- Website: https://www.z.co.nz
Number of Employees
- Z Energy Limited
- 3 Queens Wharf
- New Zealand
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|ZEL||NZSE (New Zealand Stock Exchange)||Yes||Ordinary Shares||NZ||NZD||Aug 2013|
|ZEL||ASX (Australian Securities Exchange)||Yes||Ordinary Shares||AU||AUD||Aug 2013|
|ZEL||CHIA (Chi-X Australia)||Yes||Ordinary Shares||AU||AUD||Aug 2013|
|ZNRG.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Aug 2013|
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 card and Star card services for businesses to buy fuels. It owns and manages approximately 343 retail service stations; 155 truck stops; and pipelines, terminals, and bulk storage terminal infrastructure. The company was formerly known as Greenstone Energy Limited and changed its name to Z Energy Limited in May 2011. Z Energy Limited was incorporated in 1959 and is headquartered in Wellington, New Zealand.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/09 10:48|
|End of Day Share Price||2020/04/09 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.