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.
Metro Performance Glass Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||NZ$0.41|
|52 Week High||NZ$0.34|
|52 Week Low||NZ$0.47|
|1 Month Change||5.06%|
|3 Month Change||-6.74%|
|1 Year Change||16.90%|
|3 Year Change||-51.18%|
|5 Year Change||-80.88%|
|Change since IPO||-76.42%|
Recent News & Updates
Metro Performance Glass' (NZSE:MPG) Returns On Capital Not Reflecting Well On The Business
To avoid investing in a business that's in decline, there's a few financial metrics that can provide early indications...
Is Metro Performance Glass Limited (NZSE:MPG) Trading At A 43% Discount?
In this article we are going to estimate the intrinsic value of Metro Performance Glass Limited ( NZSE:MPG ) by...
|MPG||NZ Building||NZ Market|
Return vs Industry: MPG underperformed the NZ Building industry which returned 41.3% over the past year.
Return vs Market: MPG exceeded the NZ Market which returned 2.4% over the past year.
Stable Share Price: MPG is not significantly more volatile than the rest of NZ stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: MPG's weekly volatility (4%) has been stable over the past year.
About the Company
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 splashbacks, benchtops, and kitchen doors and mirrors; and bathroom mirrors, inline showers, two and three sided showers, bath end showers, bath screens, shower linings, and shower and screen hardware. The company also offers interior balustrades, stairs and floors, room dividers, mirrors, wall linings, doors, and furniture; and exterior balustrades, pool fences, wind breaks, glass canopies, glass features, outdoor furniture, and balustrade and pool fence hardware.
Metro Performance Glass Fundamentals Summary
|MPG fundamental statistics|
Is MPG overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MPG income statement (TTM)|
|Cost of Revenue||NZ$133.43m|
Last Reported Earnings
Mar 31, 2021
Next Earnings Date
|Earnings per share (EPS)||0.046|
|Net Profit Margin||3.68%|
How did MPG perform over the long term?See historical performance and comparison
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: MPG (NZ$0.42) is trading below our estimate of fair value (NZ$0.71)
Significantly Below Fair Value: MPG is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MPG is good value based on its PE Ratio (9x) compared to the Oceanic Building industry average (19.3x).
PE vs Market: MPG is good value based on its PE Ratio (9x) compared to the NZ market (22.2x).
Price to Earnings Growth Ratio
PEG Ratio: MPG is good value based on its PEG Ratio (0.5x)
Price to Book Ratio
PB vs Industry: MPG is good value based on its PB Ratio (0.9x) compared to the XO Building industry average (1.6x).
How is Metro Performance Glass forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MPG's forecast earnings growth (16.4% per year) is above the savings rate (2.1%).
Earnings vs Market: MPG's earnings (16.4% per year) are forecast to grow faster than the NZ market (9.3% per year).
High Growth Earnings: MPG's earnings are forecast to grow, but not significantly.
Revenue vs Market: MPG's revenue (4% per year) is forecast to grow slower than the NZ market (5.2% per year).
High Growth Revenue: MPG's revenue (4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MPG's Return on Equity is forecast to be low in 3 years time (11.7%).
How has Metro Performance Glass performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MPG has a large one-off gain of NZ$7.1M impacting its March 31 2021 financial results.
Growing Profit Margin: MPG became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: MPG has become profitable over the past 5 years, growing earnings by -62.6% per year.
Accelerating Growth: MPG has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: MPG has become profitable in the last year, making it difficult to compare its past year earnings growth to the Building industry (39.4%).
Return on Equity
High ROE: MPG's Return on Equity (10.2%) is considered low.
How is Metro Performance Glass's financial position?
Financial Position Analysis
Short Term Liabilities: MPG's short term assets (NZ$66.5M) exceed its short term liabilities (NZ$39.0M).
Long Term Liabilities: MPG's short term assets (NZ$66.5M) do not cover its long term liabilities (NZ$114.8M).
Debt to Equity History and Analysis
Debt Level: MPG's debt to equity ratio (67.9%) is considered high.
Reducing Debt: MPG's debt to equity ratio has increased from 34.9% to 67.9% over the past 5 years.
Debt Coverage: MPG's debt is well covered by operating cash flow (53.2%).
Interest Coverage: MPG's interest payments on its debt are not well covered by EBIT (1.8x coverage).
What is Metro Performance Glass's current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MPG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MPG's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if MPG's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MPG's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: MPG is not paying a notable dividend for the NZ market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MPG's dividend in 3 years as they are not forecast to pay a notable one for the NZ market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Simon J. Mander has been the Chief Executive Officer at Metro Performance Glass Limited since November 19, 2018. Mr. Mander served as Planning Director at Lion Breweries New Zealand for 2 years as and...
CEO Compensation Analysis
Compensation vs Market: Simon's total compensation ($USD485.45K) is about average for companies of similar size in the NZ market ($USD377.73K).
Compensation vs Earnings: Simon's compensation has been consistent with company performance over the past year.
Experienced Management: MPG's management team is considered experienced (3.4 years average tenure).
Experienced Board: MPG's board of directors are not considered experienced ( 2.7 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.
Metro Performance Glass Limited's employee growth, exchange listings and data sources
- Name: Metro Performance Glass Limited
- Ticker: MPG
- Exchange: NZSE
- Founded: 1987
- Industry: Building Products
- Sector: Capital Goods
- Market Cap: NZ$78.786m
- Shares outstanding: 185.38m
- Website: https://www.metroglass.co.nz
Number of Employees
- Metro Performance Glass Limited
- 5 Lady Fisher Place
- New Zealand
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/22 06:01|
|End of Day Share Price||2021/10/22 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.