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.
+ 1 more risk
Undervalued with mediocre balance sheet.
Share Price & News
How has Metro Performance Glass's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MPG's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: MPG underperformed the NZ Building industry which returned -17.3% over the past year.
Return vs Market: MPG underperformed the NZ Market which returned -6% over the past year.
Price Volatility Vs. Market
How volatile is Metro Performance Glass's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StA Sliding Share Price Has Us Looking At Metro Performance Glass Limited's (NZSE:MPG) P/E Ratio
3 weeks ago | Simply Wall StThose Who Purchased Metro Performance Glass (NZSE:MPG) Shares Five Years Ago Have A 84% Loss To Show For It
1 month ago | Simply Wall StDoes Metro Performance Glass Limited's (NZSE:MPG) P/E Ratio Signal A Buying Opportunity?
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$0.18) is trading below our estimate of fair value (NZ$0.95)
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 (9.2x) compared to the Building industry average (12.3x).
PE vs Market: MPG is good value based on its PE Ratio (9.2x) compared to the NZ market (15.2x).
Price to Earnings Growth Ratio
PEG Ratio: MPG is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: MPG is good value based on its PB Ratio (0.2x) compared to the XX Building industry average (0.9x).
How is Metro Performance Glass 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: MPG's forecast earnings growth (8.1% per year) is above the savings rate (1.3%).
Earnings vs Market: MPG's earnings (8.1% per year) are forecast to grow slower than the NZ market (9.4% per year).
High Growth Earnings: MPG's earnings are forecast to grow, but not significantly.
Revenue vs Market: MPG's revenue is expected to decline over the next 3 years (-3% per year).
High Growth Revenue: MPG's revenue is forecast to decline over the next 3 years (-3% 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 (6%).
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 loss of NZ$9.6M impacting its September 30 2019 financial results.
Growing Profit Margin: MPG's current net profit margins (1.4%) are lower than last year (5.1%).
Past Earnings Growth Analysis
Earnings Trend: MPG's earnings have declined by -24.5% per year over the past 5 years.
Accelerating Growth: MPG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MPG had negative earnings growth (-73.4%) over the past year, making it difficult to compare to the Building industry average (4.7%).
Return on Equity
High ROE: MPG's Return on Equity (2.2%) is considered low.
How is Metro Performance Glass's financial position?
Financial Position Analysis
Short Term Liabilities: MPG's short term assets (NZ$70.9M) exceed its short term liabilities (NZ$40.9M).
Long Term Liabilities: MPG's short term assets (NZ$70.9M) do not cover its long term liabilities (NZ$139.2M).
Debt to Equity History and Analysis
Debt Level: MPG's debt to equity ratio (48.6%) is considered high.
Reducing Debt: MPG's debt to equity ratio has increased from 45.7% to 48.6% over the past 5 years.
Debt Coverage: MPG's debt is well covered by operating cash flow (42.3%).
Interest Coverage: MPG's interest payments on its debt are well covered by EBIT (4x coverage).
Inventory Level: MPG has a high level of physical assets or inventory.
Debt Coverage by Assets: MPG's debt is not covered by short term assets (assets are 0.9x debt).
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 payouts.
High Dividend: Unable to evaluate MPG'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 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 ...
|Chief Executive Officer||1.42yrs||no data||0.11% NZ$38.0k|
|Chief Financial Officer||0.25yr||no data||0.0092% NZ$3.2k|
|Investor Relations Manager & Company Secretary||no data||no data||0.00070% NZ$246.6|
|Human Resources Director||5.42yrs||no data||no data|
Experienced Management: MPG's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.
|Independent Non-Executive Director||no data||no data||no data|
|Independent Non-Executive Chair||2.42yrs||NZ$106.04k||0.11% NZ$37.1k|
|Independent Non-Executive Director||2yrs||no data||0.031% NZ$11.0k|
|Independent Non-Executive Director||5.75yrs||NZ$92.00k||0.013% NZ$4.8k|
|Independent Non-Executive Director||5.75yrs||NZ$100.00k||0.013% NZ$4.8k|
|Independent Non Executive Director||2.92yrs||NZ$75.88k||0.036% NZ$12.5k|
|Independent Non Executive Director||0.33yr||no data||0.054% NZ$19.0k|
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: MPG 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 company bio, 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$35.222m
- Shares outstanding: 185.38m
- Website: https://www.metroglass.co.nz
Number of Employees
- Metro Performance Glass Limited
- 5 Lady Fisher Place
- New Zealand
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MPG||NZSE (New Zealand Stock Exchange)||Yes||Ordinary Shares||NZ||NZD||Jul 2014|
|MPP||ASX (Australian Securities Exchange)||Yes||Ordinary Shares||AU||AUD||Jul 2014|
|MPP||CHIA (Chi-X Australia)||Yes||Ordinary Shares||AU||AUD||Jul 2014|
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 splash backs, benchtops, and kitchen doors and mirrors; and mirrors, inline showers, two and three sided showers, bath end showers, bath screens, and shower and screen hardware. The company also offers balustrades, stairs, room dividers, doors, mirrors, furniture, and balustrade and door hardware; and exterior balustrades, pool fences, wind breaks, glass canopies, glass features, outdoor furniture, and balustrade and pool fence hardware. In addition, it provides installation services. Metro Performance Glass Limited was founded in 1987 and is headquartered in Auckland, New Zealand.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/03 11:08|
|End of Day Share Price||2020/04/03 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.