Skellerup Holdings
Market Cap
NZ$759.6m
Last Updated
2021/01/26 06:01 UTC
Data Sources
Company Financials +
Executive Summary
Skellerup Holdings Limited manufactures, markets, and distributes technical polymer and elastomer products for various specialist industrial and agricultural applications. More Details
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet average dividend payer.
Share Price & News
How has Skellerup Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SKL is not significantly more volatile than the rest of NZ stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: SKL's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
0%
SKL
0.09%
NZ Machinery
3.9%
NZ Market
1 Year Return
53.2%
SKL
13.5%
NZ Machinery
10.6%
NZ Market
Return vs Industry: SKL exceeded the NZ Machinery industry which returned 13.5% over the past year.
Return vs Market: SKL exceeded the NZ Market which returned 10.6% over the past year.
Shareholder returns
| SKL | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | 0.09% | 3.9% |
| 30 Day | 9.7% | 6.0% | 3.2% |
| 90 Day | 29.0% | 10.2% | 11.0% |
| 1 Year | 62.3%53.2% | 16.2%13.5% | 14.7%10.6% |
| 3 Year | 151.6%109.3% | 24.4%16.9% | 56.9%36.1% |
| 5 Year | 272.2%167.8% | 148.1%101.0% | 112.7%61.1% |
Long-Term Price Volatility Vs. Market
How volatile is Skellerup Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
How Should Investors React To Skellerup Holdings' (NZSE:SKL) CEO Pay?4 weeks ago | Simply Wall St
Are Strong Financial Prospects The Force That Is Driving The Momentum In Skellerup Holdings Limited's NZSE:SKL) Stock?1 month ago | Simply Wall St
Is Skellerup Holdings (NZSE:SKL) Using Too Much Debt?Valuation
Is Skellerup Holdings undervalued compared to its fair value and its price relative to the market?
46.7%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SKL (NZ$3.83) is trading below our estimate of fair value (NZ$7.18)
Significantly Below Fair Value: SKL is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SKL is poor value based on its PE Ratio (25.7x) compared to the XO Machinery industry average (19.6x).
PE vs Market: SKL is poor value based on its PE Ratio (25.7x) compared to the NZ market (25.1x).
Price to Earnings Growth Ratio
PEG Ratio: SKL is poor value based on its PEG Ratio (3.3x)
Price to Book Ratio
PB vs Industry: SKL is overvalued based on its PB Ratio (4x) compared to the XO Machinery industry average (1.9x).
Next Steps
Future Growth
How is Skellerup Holdings forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
7.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SKL's forecast earnings growth (7.8% per year) is above the savings rate (2.3%).
Earnings vs Market: SKL's earnings (7.8% per year) are forecast to grow slower than the NZ market (11.7% per year).
High Growth Earnings: SKL's earnings are forecast to grow, but not significantly.
Revenue vs Market: SKL's revenue (5.8% per year) is forecast to grow faster than the NZ market (5.1% per year).
High Growth Revenue: SKL's revenue (5.8% 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 low in 3 years time (18.4%).
Next Steps
Past Performance
How has Skellerup Holdings performed over the past 5 years?
8.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SKL has high quality earnings.
Growing Profit Margin: SKL's current net profit margins (11.6%) are lower than last year (11.8%).
Past Earnings Growth Analysis
Earnings Trend: SKL's earnings have grown by 8.2% per year over the past 5 years.
Accelerating Growth: SKL's earnings growth over the past year (0.03%) is below its 5-year average (8.2% per year).
Earnings vs Industry: SKL earnings growth over the past year (0.03%) underperformed the Machinery industry 0.03%.
Return on Equity
High ROE: SKL's Return on Equity (15.7%) is considered low.
Next Steps
Financial Health
How is Skellerup Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: SKL's short term assets (NZ$112.6M) exceed its short term liabilities (NZ$36.6M).
Long Term Liabilities: SKL's short term assets (NZ$112.6M) exceed its long term liabilities (NZ$62.5M).
Debt to Equity History and Analysis
Debt Level: SKL's debt to equity ratio (23%) is considered satisfactory.
Reducing Debt: SKL's debt to equity ratio has increased from 3.1% to 23% over the past 5 years.
Debt Coverage: SKL's debt is well covered by operating cash flow (113.2%).
Interest Coverage: SKL's interest payments on its debt are well covered by EBIT (18.9x coverage).
Balance Sheet
Next Steps
Dividend
What is Skellerup Holdings's current dividend yield, its reliability and sustainability?
3.39%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SKL's dividend (3.39%) is higher than the bottom 25% of dividend payers in the NZ market (2.24%).
High Dividend: SKL's dividend (3.39%) is low compared to the top 25% of dividend payers in the NZ market (4.1%).
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 (87.1%), 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 (89.1% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
9.0yrs
Average management tenure
CEO
David Mair
9.42yrs
Tenure
NZ$831,000
Compensation
Mr. David William Mair, B.E., M.B.A. has been the Chief Executive Officer of Skellerup Holdings Limited since August 2011 and served as its Acting Chief Executive Officer since July 2010. Mr. Mair served a...
CEO Compensation Analysis
Compensation vs Market: David's total compensation ($USD596.94K) is about average for companies of similar size in the NZ market ($USD506.51K).
Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 9.42yrs | NZ$831.00k | 2.82% NZ$ 21.4m | |
| Chief Financial Officer | 8.08yrs | no data | 0.16% NZ$ 1.2m | |
| President of Gulf US Inc | 9yrs | no data | no data |
9.0yrs
Average Tenure
Experienced Management: SKL's management team is seasoned and experienced (9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 9.42yrs | NZ$831.00k | 2.82% NZ$ 21.4m | |
| Independent Director | 0.42yr | no data | 0.051% NZ$ 389.0k | |
| Independent Chairman | 4yrs | NZ$174.00k | 0.47% NZ$ 3.6m | |
| Independent Director | 3.42yrs | NZ$87.00k | no data | |
| Independent Director | 4.42yrs | NZ$112.00k | 0.026% NZ$ 194.5k | |
| Independent Director | 5.83yrs | NZ$87.00k | 0.061% NZ$ 460.3k |
4.2yrs
Average Tenure
Experienced Board: SKL's board of directors are considered experienced (4.2 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: SKL insiders have only sold shares 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 company bio, 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$759.625m
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SKL | NZSE (New Zealand Stock Exchange) | Yes | Ordinary Shares | NZ | NZD | Jun 2002 |
| SKLM.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jun 2002 |
| SKLU.Y | OTCPK (Pink Sheets LLC) | UNSPONSORD ADR | US | USD | Oct 2008 |
Biography
Skellerup Holdings Limited manufactures, markets, and distributes technical polymer and elastomer products for various specialist industrial and agricultural applications. It operates through Agri and Indu...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/26 06:01 |
| End of Day Share Price | 2021/01/26 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2020/06/30 |
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.