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SKL

Skellerup HoldingsNZSE:SKL Stock Report

Market Cap

NZ$1.2b

7D

1.0%

1Y

106.1%

Updated

20 Oct, 2021

Data

Company Financials +
SKL fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance6/6
Financial Health6/6
Dividends4/6

SKL Overview

Skellerup Holdings Limited manufactures, markets, and distributes technical polymer and elastomer products for various specialist industrial and agricultural applications.

Price History & Performance

Summary of all time highs, changes and price drops for Skellerup Holdings
Historical stock prices
Current Share PriceNZ$6.10
52 Week HighNZ$2.90
52 Week LowNZ$6.20
Beta0.49
1 Month Change12.55%
3 Month Change25.00%
1 Year Change106.08%
3 Year Change197.56%
5 Year Change323.61%
Change since IPO416.95%

Recent News & Updates

Sep 15
Skellerup Holdings (NZSE:SKL) Has Announced That It Will Be Increasing Its Dividend To NZ$0.11

Skellerup Holdings (NZSE:SKL) Has Announced That It Will Be Increasing Its Dividend To NZ$0.11

The board of Skellerup Holdings Limited ( NZSE:SKL ) has announced that it will be increasing its dividend on the 15th...

Sep 01
Skellerup Holdings (NZSE:SKL) Is Increasing Its Dividend To NZ$0.11

Skellerup Holdings (NZSE:SKL) Is Increasing Its Dividend To NZ$0.11

The board of Skellerup Holdings Limited ( NZSE:SKL ) has announced that it will be increasing its dividend on the 15th...

Aug 22
Results: Skellerup Holdings Limited Beat Earnings Expectations And Analysts Now Have New Forecasts

Results: Skellerup Holdings Limited Beat Earnings Expectations And Analysts Now Have New Forecasts

As you might know, Skellerup Holdings Limited ( NZSE:SKL ) just kicked off its latest yearly results with some very...

Shareholder Returns

SKLNZ MachineryNZ Market
7D1.0%-0.06%0.2%
1Y106.1%61.6%2.8%

Return vs Industry: SKL exceeded the NZ Machinery industry which returned 65.1% over the past year.

Return vs Market: SKL exceeded the NZ Market which returned 2.4% over the past year.

Price Volatility

Is SKL's price volatile compared to industry and market?
SKL volatility
SKL Beta0.49
Industry Beta1.03
Market Beta1

Stable Share Price: SKL is not significantly more volatile than the rest of NZ stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: SKL's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1910813David Mairhttps://www.skellerupholdings.com

Skellerup Holdings Limited manufactures, markets, and distributes technical polymer and elastomer products for various specialist industrial and agricultural applications. It operates through Agri and Industrial segments. The company offers food grade dairy rubberware, including liners and tubing products, and rubber footwear for agricultural applications; milk filters; milk liners, tubing, and accessories; feeding teats; dairy vacuum pumps; and dairy hygiene and livestock health management products, as well as mastitis prevention and mastitis detection equipment.

Skellerup Holdings Fundamentals Summary

How do Skellerup Holdings's earnings and revenue compare to its market cap?
SKL fundamental statistics
Market CapNZ$1.19b
Earnings (TTM)NZ$40.18m
Revenue (TTM)NZ$279.52m

29.7x

P/E Ratio

4.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SKL income statement (TTM)
RevenueNZ$279.52m
Cost of RevenueNZ$165.89m
Gross ProfitNZ$113.63m
ExpensesNZ$73.45m
EarningsNZ$40.18m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Feb 17, 2022

Earnings per share (EPS)0.21
Gross Margin40.65%
Net Profit Margin14.37%
Debt/Equity Ratio12.5%

How did SKL perform over the long term?

See historical performance and comparison

Dividends

2.8%

Current Dividend Yield

83%

Payout Ratio

Valuation

Is Skellerup Holdings undervalued compared to its fair value and its price relative to the market?

27.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SKL (NZ$6.1) is trading below our estimate of fair value (NZ$8.38)

Significantly Below Fair Value: SKL is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: SKL is good value based on its PE Ratio (29.7x) compared to the Oceanic Machinery industry average (29.9x).

PE vs Market: SKL is poor value based on its PE Ratio (29.7x) compared to the NZ market (22.4x).


Price to Earnings Growth Ratio

PEG Ratio: SKL is poor value based on its PEG Ratio (3.1x)


Price to Book Ratio

PB vs Industry: SKL is overvalued based on its PB Ratio (6.1x) compared to the XO Machinery industry average (2.6x).


Future Growth

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

9.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SKL's forecast earnings growth (9.5% per year) is above the savings rate (2.1%).

Earnings vs Market: SKL's earnings (9.5% per year) are forecast to grow faster than the NZ market (9.2% per year).

High Growth Earnings: SKL's earnings are forecast to grow, but not significantly.

Revenue vs Market: SKL's revenue (7.4% per year) is forecast to grow faster than the NZ market (5.2% per year).

High Growth Revenue: SKL's revenue (7.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SKL's Return on Equity is forecast to be high in 3 years time (23.9%)


Past Performance

How has Skellerup Holdings performed over the past 5 years?

12.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SKL has high quality earnings.

Growing Profit Margin: SKL's current net profit margins (14.4%) are higher than last year (11.6%).


Past Earnings Growth Analysis

Earnings Trend: SKL's earnings have grown by 12.5% per year over the past 5 years.

Accelerating Growth: SKL's earnings growth over the past year (38.2%) exceeds its 5-year average (12.5% per year).

Earnings vs Industry: SKL earnings growth over the past year (38.2%) exceeded the Machinery industry 19.7%.


Return on Equity

High ROE: SKL's Return on Equity (20.5%) is considered high.


Financial Health

How is Skellerup Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: SKL's short term assets (NZ$118.8M) exceed its short term liabilities (NZ$46.4M).

Long Term Liabilities: SKL's short term assets (NZ$118.8M) exceed its long term liabilities (NZ$42.4M).


Debt to Equity History and Analysis

Debt Level: SKL's debt to equity ratio (12.5%) is considered satisfactory.

Reducing Debt: SKL's debt to equity ratio has reduced from 21.7% to 12.5% over the past 5 years.

Debt Coverage: SKL's debt is well covered by operating cash flow (240.5%).

Interest Coverage: SKL's interest payments on its debt are well covered by EBIT (36x coverage).


Balance Sheet


Dividend

What is Skellerup Holdings's current dividend yield, its reliability and sustainability?

2.79%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SKL's dividend (2.79%) is higher than the bottom 25% of dividend payers in the NZ market (2.44%).

High Dividend: SKL's dividend (2.79%) is low compared to the top 25% of dividend payers in the NZ market (4.91%).


Stability and Growth of Payments

Stable Dividend: SKL's dividend payments have been volatile in the past 10 years.

Growing Dividend: SKL's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (82.6%), SKL's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SKL's dividends in 3 years are forecast to be covered by earnings (83.6% payout ratio).


Next Steps

Management

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

5.0yrs

Average board tenure


CEO

David Mair

10.17yrs

Tenure

NZ$831,000

Compensation

Mr. David William Mair, B.E., M.B.A. has been the Chief Executive Officer of Skellerup Holdings Limited since August 2011 and served as its Acting Chief Executive Officer since July 2010. Mr. Mair served a...


CEO Compensation Analysis

Compensation vs Market: David's total compensation ($USD595.19K) is about average for companies of similar size in the NZ market ($USD731.85K).

Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: SKL's board of directors are considered experienced (5 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

Skellerup Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Skellerup Holdings Limited
  • Ticker: SKL
  • Exchange: NZSE
  • Founded: 1910
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: NZ$1.191b
  • Shares outstanding: 195.28m
  • Website: https://www.skellerupholdings.com

Number of Employees


Location

  • Skellerup Holdings Limited
  • 205 Great South Road
  • Level 3
  • Auckland
  • 1051
  • New Zealand

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/20 15:20
End of Day Share Price2021/10/20 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.