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Tower

ASX:TWR
Snowflake Description

Flawless balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TWR
ASX
NZ$253M
Market Cap
  1. Home
  2. AU
  3. Insurance
Company description

Tower Limited provides general insurance products and services in New Zealand and the Pacific Islands. The last earnings update was 91 days ago. More info.


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TWR Share Price and Events
7 Day Returns
0%
ASX:TWR
-1%
AU Insurance
-2.5%
AU Market
1 Year Returns
6.1%
ASX:TWR
-1.8%
AU Insurance
-0.6%
AU Market
TWR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Tower (TWR) 0% -0.7% -6.7% 6.1% -45.5% -60%
AU Insurance -1% -3.1% -2.3% -1.8% 20.2% 11.3%
AU Market -2.5% -4.4% -1.1% -0.6% 13.1% 5.9%
1 Year Return vs Industry and Market
  • TWR outperformed the Insurance industry which returned -1.8% over the past year.
  • TWR outperformed the Market in Australia which returned -0.6% over the past year.
Price Volatility
TWR
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Tower's competitors could be found in our database.

TWR Value

 Is Tower 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
  • It is not possible to calculate the future cash flow value for Tower. This is due to cash flow or dividend data being unavailable. The share price is A$0.7.
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 Tower's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Tower's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:TWR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in NZD NZ$0.05
NZSE:TWR Share Price ** NZSE (2019-08-19) in NZD NZ$0.75
Australia Insurance Industry PE Ratio Median Figure of 10 Publicly-Listed Insurance Companies 19.59x
Australia Market PE Ratio Median Figure of 538 Publicly-Listed Companies 15.75x

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

** Primary Listing of Tower.

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

= NZSE:TWR Share Price ÷ EPS (both in NZD)

= 0.75 ÷ 0.05

15.49x

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

  • Tower is good value based on earnings compared to the AU Insurance industry average.
  • Tower is good value based on earnings compared to the Australia market.
Price based on expected Growth
Does Tower's expected growth come at a high price?
Raw Data
ASX:TWR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.49x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
14.5%per year
Australia Insurance Industry PEG Ratio Median Figure of 9 Publicly-Listed Insurance Companies 2.87x
Australia Market PEG Ratio Median Figure of 354 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.49x ÷ 14.5%

1.07x

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

  • Tower is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Tower's assets?
Raw Data
ASX:TWR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in NZD NZ$0.84
NZSE:TWR Share Price * NZSE (2019-08-19) in NZD NZ$0.75
Australia Insurance Industry PB Ratio Median Figure of 10 Publicly-Listed Insurance Companies 2.81x
Australia Market PB Ratio Median Figure of 1,687 Publicly-Listed Companies 1.67x
ASX:TWR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NZSE:TWR Share Price ÷ Book Value per Share (both in NZD)

= 0.75 ÷ 0.84

0.89x

* Primary Listing of Tower.

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

  • Tower is good value based on assets compared to the AU Insurance industry average.
X
Value checks
We assess Tower'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 Insurance 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 Insurance industry average (and greater than 0)? (1 check)
  5. Tower has a total score of 3/6, 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.

TWR Future Performance

 How is Tower expected to perform in the next 1 to 3 years based on estimates from 2 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
14.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Tower expected to grow at an attractive rate?
  • Tower's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Tower's earnings growth is expected to exceed the Australia market average.
  • Tower's revenue growth is positive but not above the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:TWR Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:TWR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 14.5%
ASX:TWR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 3.4%
Australia Insurance Industry Earnings Growth Rate Market Cap Weighted Average 4.5%
Australia Insurance Industry Revenue Growth Rate Market Cap Weighted Average -3.1%
Australia Market Earnings Growth Rate Market Cap Weighted Average 7.8%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.8%

*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:TWR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in NZD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:TWR Future Estimates Data
Date (Data in NZD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-09-30 317 27 2
2020-09-30 308 24 2
2019-09-30 296 23 2
ASX:TWR Past Financials Data
Date (Data in NZD Millions) Revenue Cash Flow Net Income *
2019-03-31 292 24 16
2018-12-31 287 17 5
2018-09-30 282 10 -7
2018-06-30 278 0 -9
2018-03-31 274 -9 -12
2017-12-31 271 -21 -10
2017-09-30 268 -33 -8
2017-06-30 266 -23 -15
2017-03-31 265 -14 -22
2016-12-31 266 -12 -22
2016-09-30 266 -10 -22
2016-06-30 266 -14 -17

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Tower's earnings are expected to grow by 14.5% yearly, however this is not considered high growth (20% yearly).
  • Tower's revenue is expected to grow by 3.4% 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:TWR 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 2 Analyst Estimates (S&P Global) See Below

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

ASX:TWR Future Estimates Data
Date (Data in NZD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-09-30 0.08 0.08 0.08 1.00
2020-09-30 0.07 0.07 0.07 1.00
2019-09-30 0.06 0.06 0.06 1.00
ASX:TWR Past Financials Data
Date (Data in NZD Millions) EPS *
2019-03-31 0.05
2018-12-31 0.01
2018-09-30 -0.02
2018-06-30 -0.03
2018-03-31 -0.04
2017-12-31 -0.03
2017-09-30 -0.04
2017-06-30 -0.09
2017-03-31 -0.13
2016-12-31
2016-09-30 -0.13
2016-06-30 -0.10

*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.
  • Tower is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Tower'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.
Tower has a total score of 2/6, 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.

TWR Past Performance

  How has Tower 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 Tower's growth in the last year to its industry (Insurance).
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.
  • Tower's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Tower has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Tower has become profitable in the last year making it difficult to compare the AU Insurance industry average.
Earnings and Revenue History
Tower'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 Tower Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:TWR Past Revenue, Cash Flow and Net Income Data
Date (Data in NZD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 291.97 16.36 96.61
2018-12-31 286.85 4.79 104.43
2018-09-30 281.72 -6.77 112.24
2018-06-30 278.02 -9.16 106.89
2018-03-31 274.32 -11.55 101.54
2017-12-31 270.96 -10.01 91.64
2017-09-30 267.60 -8.46 81.74
2017-06-30 266.31 -15.02 84.32
2017-03-31 265.03 -21.59 86.90
2016-12-31 265.64 -21.96 87.15
2016-09-30 266.25 -22.33 87.41
2016-06-30 265.53 -17.21 89.60
2016-03-31 264.82 -12.09 91.79
2015-12-31 265.25 -10.23 90.03
2015-09-30 265.68 -8.38 88.28
2015-06-30 264.77 -1.23 87.23
2015-03-31 263.86 5.91 86.19
2014-12-31 259.36 13.56 83.94
2014-09-30 254.86 21.21 81.70
2014-06-30 249.98 20.37 78.80
2014-03-31 245.09 19.52 75.91
2013-12-31 241.13 9.91 75.58
2013-09-30 237.17 0.29 75.24
2013-06-30 214.33 1.87 63.59
2013-03-31 191.50 3.44 51.94
2012-12-31 205.55 11.18 55.87
2012-09-30 219.60 18.92 59.81

*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.
  • Tower has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Tower used its assets less efficiently than the AU Insurance industry average last year based on Return on Assets.
  • Tower has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Tower'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 Insurance 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.
Tower has a total score of 1/6, 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.

TWR Health

 How is Tower'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 Tower's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Tower is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Tower's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Tower'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.
  • Low level of unsold assets.
  • Tower has no debt, it does not need to be covered by short term assets.
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 Tower Company Filings, last reported 4 months ago.

ASX:TWR Past Debt and Equity Data
Date (Data in NZD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 285.68 0.00 66.97
2018-12-31 285.68 0.00 66.97
2018-09-30 274.78 0.00 101.82
2018-06-30 274.78 0.00 101.82
2018-03-31 268.01 0.00 142.63
2017-12-31 268.01 0.00 142.63
2017-09-30 215.74 29.92 79.90
2017-06-30 215.74 29.92 79.90
2017-03-31 216.39 0.04 70.10
2016-12-31 216.39 0.04 70.10
2016-09-30 223.95 0.74 86.78
2016-06-30 223.95 0.74 86.78
2016-03-31 253.35 0.00 94.67
2015-12-31 253.35 0.00 94.67
2015-09-30 280.91 0.00 118.37
2015-06-30 280.91 0.00 118.37
2015-03-31 306.41 0.08 368.06
2014-12-31 306.41 0.08 368.06
2014-09-30 326.01 0.05 380.47
2014-06-30 326.01 0.05 380.47
2014-03-31 327.60 83.21 411.34
2013-12-31 327.60 83.21 411.34
2013-09-30 381.08 82.79 489.06
2013-06-30 381.08 82.79 489.06
2013-03-31 524.27 82.37 1,112.10
2012-12-31 524.27 82.37 1,112.10
2012-09-30 498.79 81.99 1,130.93
  • Tower has no debt.
  • Tower has no debt compared to 5 years ago when it was 25.1%.
  • Tower has no debt, it does not need to be covered by operating cash flow.
  • Tower has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Tower'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. Tower 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.

TWR Dividends

 What is Tower'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
0%
Current annual income from Tower dividends. Estimated to be 1.73% next year.
If you bought A$2,000 of Tower shares you are expected to receive A$0 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?
  • Unable to evaluate Tower's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Tower's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:TWR 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 2 Analyst Estimates (S&P Global) See Below
Australia Insurance Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 4.3%
Australia Market Average Dividend Yield Market Cap Weighted Average of 412 Stocks 4.3%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.6%
Australia Bottom 25% Dividend Yield 25th Percentile 2.7%
Australia Top 25% Dividend Yield 75th Percentile 5.9%

Industry and Market average data is calculated daily.

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

ASX:TWR Future Dividends Estimate Data
Date (Data in NZ$) Dividend per Share (annual) Avg. No. Analysts
2021-09-30 0.02 1.00
2020-09-30 0.02 1.00
2019-09-30 0.01 1.00
ASX:TWR Past Annualized Dividends Data
Date (Data in NZ$) Dividend per share (annual) Avg. Yield (%)
2018-05-29 0.000 0.000
2017-11-14 0.000 0.000
2017-05-24 0.000 0.000
2016-11-29 0.000 0.000
2015-11-23 0.160 11.734
2015-05-26 0.170 8.069
2014-11-27 0.160 7.204
2014-05-27 0.125 6.626
2013-11-26 0.110 6.630
2013-11-25 0.110 6.433
2012-11-28 0.110 5.951
2012-06-28 0.070 3.941
2012-01-31 0.060 3.727
2011-06-28 0.100 6.900
2010-11-26 0.120 6.405
2010-05-28 0.080 4.316
2010-01-25 0.090 4.598
2008-11-21 0.080 4.918

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

  • Unable to perform a dividend volatility check as Tower has not reported any payouts.
  • Unable to verify if Tower's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Tower's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Tower has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Tower's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - 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 Tower afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Tower has a total score of 0/6, see the detailed checks below.


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

TWR Management

 What is the CEO of Tower'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
Richard Harding
COMPENSATION NZ$95,192
TENURE AS CEO 4 years
CEO Bio

Mr. Richard Harding has been Chief Executive Officer at Tower Limited since August 17, 2015. Mr. Harding has almost 30 years of experience in the insurance sector in Australia and Asia. He served as Chief Executive Officer of Territory Insurance Office. He joined TIO in July 2008. He served as Head of Strategy and M&A at IAG and later led IAG's expansion into China as Head of China and Chief Executive Officer of the Chinese Automobile Association. He serves as a Board member of Top End Health Services.

CEO Compensation
  • Insufficient data for Richard to compare compensation growth.
  • Richard's remuneration is lower than average for companies of similar size in Australia.
Management Team Tenure

Average tenure of the Tower management team in years:

0.8
Average Tenure
  • The average tenure for the Tower management team is less than 2 years, this suggests a new team.
Management Team

Richard Harding

TITLE
Chief Executive Officer
COMPENSATION
NZ$95K
TENURE
4 yrs

Jeff Wright

TITLE
Chief Financial Officer

Jane Hardy

TITLE
General Manager Claims & Operations
TENURE
0.2 yrs

Peter Muggleston

TITLE
Chief Information Officer
TENURE
0.7 yrs

Nicholas Meseldzija

TITLE
Head of Corporate Communications

Tony Antonucci

TITLE
General Manager of Product & Marketing
TENURE
3.3 yrs

Michelle McBride

TITLE
General Manager of People & Culture
TENURE
0.8 yrs

Michelle James

TITLE
Chief Customer Officer

John Feyter

TITLE

Rick Shaw

TITLE
Appointed Actuary
Board of Directors Tenure

Average tenure of the Tower board of directors in years:

5.3
Average Tenure
  • The tenure for the Tower board of directors is about average.
Board of Directors

Michael Stiassny

TITLE
Independent Chairman
COMPENSATION
NZ$139K
TENURE
6.4 yrs

Graham Stuart

TITLE
Independent Non-Executive Director
COMPENSATION
NZ$94K
TENURE
7.3 yrs

Steve Smith

TITLE
Independent Non-Executive Director
COMPENSATION
NZ$88K
AGE
61
TENURE
7.3 yrs

Warren Lee

TITLE
Independent Non Executive Director
COMPENSATION
NZ$88K
TENURE
4.3 yrs

Wendy Thorpe

TITLE
Independent Non-Executive Director
COMPENSATION
NZ$51K
TENURE
1.4 yrs

Marcus Nagel

TITLE
Non-Executive Director
TENURE
0.6 yrs

Aniseto Ting

TITLE
Director of National Pacific Insurance Limited
COMPENSATION
NZ$2K

Rodney Reid

TITLE
Director of National Pacific Insurance Limited
COMPENSATION
NZ$4K

Alden Godinet

TITLE
Director of National Pacific Insurance Limited
COMPENSATION
NZ$4K
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
11. Mar 19 Sell Accident Compensation Corporation, Asset Management Arm Company 01. Jun 18 08. Mar 19 -968,525 A$0.78 A$-755,253
11. Mar 19 Buy Accident Compensation Corporation, Asset Management Arm Company 01. Jun 18 08. Mar 19 4,804,336 A$0.70 A$3,367,667
X
Management checks
We assess Tower'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. Tower 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.

TWR News

Simply Wall St News

TWR Company Info

Description

Tower Limited provides general insurance products and services in New Zealand and the Pacific Islands. Its insurance products include car, house, contents, business, travel, boat, motorbike, rural, and caravan insurance. The company was founded in 1869 and is based in Auckland, New Zealand.

Details
Name: Tower Limited
TWR
Exchange: ASX
Founded: 1869
NZ$239,913,259
337,324,300
Website: http://www.tower.co.nz
Address: Tower Limited
Tower Centre,
Level 14,
Auckland,
1142,
New Zealand
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NZSE TWR Ordinary Shares New Zealand Stock Exchange NZ NZD 28. Sep 1999
ASX TWR Ordinary Shares Australian Securities Exchange AU AUD 28. Sep 1999
CHIA TWR Ordinary Shares Chi-X Australia AU AUD 28. Sep 1999
Number of employees
Current staff
Staff numbers
0
Tower employees.
Industry
Property and Casualty Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/08/19 10:33
End of day share price update: 2019/08/19 00:00
Last estimates confirmation: 2019/05/27
Last earnings filing: 2019/05/20
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/09/30


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.