Skellerup Holdings
Market Cap
NZ$447.9m
Last Updated
2020/02/17 10:34 UTC
Data Sources
Company Financials +
Executive Summary
Skellerup Holdings Limited manufactures, markets, and distributes technical polymer products and vacuum pumps for various specialist industrial and agricultural applications.
Rewards
Risk Analysis
Snowflake Analysis
Flawless 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 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-4.3%
SKL
1.3%
NZ Machinery
0.2%
NZ Market
1 Year Return
7.7%
SKL
21.1%
NZ Machinery
20.9%
NZ Market
Return vs Industry: SKL underperformed the NZ Machinery industry which returned 21.1% over the past year.
Return vs Market: SKL underperformed the NZ Market which returned 20.9% over the past year.
Shareholder returns
| SKL | Industry | Market | |
|---|---|---|---|
| 7 Day | -4.3% | 1.3% | 0.2% |
| 30 Day | -10.0% | 1.5% | -0.6% |
| 90 Day | -3.0% | 0.7% | 7.2% |
| 1 Year | 14.9%7.7% | 24.0%21.1% | 25.9%20.9% |
| 3 Year | 78.7%47.1% | -20.5%-24.1% | 60.1%39.3% |
| 5 Year | 135.0%65.4% | 91.9%53.3% | 96.9%53.1% |
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
22 hours ago | Simply Wall St
Estimating The Intrinsic Value Of Skellerup Holdings Limited (NZSE:SKL)2 weeks ago | Simply Wall St
Is Skellerup Holdings (NZSE:SKL) A Risky Investment?4 weeks ago | Simply Wall St
Should You Be Adding Skellerup Holdings (NZSE:SKL) To Your Watchlist Today?Valuation
Is Skellerup Holdings undervalued compared to its fair value and its price relative to the market?
5.6%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SKL (NZ$2.25) is trading below our estimate of fair value (NZ$2.38)
Significantly Below Fair Value: SKL is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: SKL is poor value based on its PE Ratio (15.8x) compared to the Machinery industry average (15.6x).
PE vs Market: SKL is good value based on its PE Ratio (15.8x) compared to the NZ market (19.9x).
Price to Earnings Growth Ratio
PEG Ratio: SKL is poor value based on its PEG Ratio (2.9x)
Price to Book Ratio
PB vs Industry: SKL is overvalued based on its PB Ratio (2.5x) compared to the XO Machinery industry average (1.5x).
Next Steps
Future Growth
How is Skellerup Holdings forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
5.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SKL's forecast earnings growth (5.5% per year) is above the savings rate (1.3%).
Earnings vs Market: SKL's earnings (5.5% per year) are forecast to grow slower than the NZ market (6.8% per year).
High Growth Earnings: SKL's earnings are forecast to grow, but not significantly.
Revenue vs Market: SKL's revenue (4% per year) is forecast to grow slower than the NZ market (5.1% per year).
High Growth Revenue: SKL'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: SKL's Return on Equity is forecast to be low in 3 years time (17.1%).
Next Steps
Past Performance
How has Skellerup Holdings performed over the past 5 years?
2.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SKL has high quality earnings.
Growing Profit Margin: SKL's current net profit margins (11.2%) are lower than last year (11.9%).
Past Earnings Growth Analysis
Earnings Trend: SKL's earnings have grown by 2% per year over the past 5 years.
Accelerating Growth: SKL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SKL had negative earnings growth (-4.4%) over the past year, making it difficult to compare to the Machinery industry average (-19.1%).
Return on Equity
High ROE: SKL's Return on Equity (15.7%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Skellerup Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: SKL's short term assets (NZ$105.1M) exceed its short term liabilities (NZ$29.9M).
Long Term Liabilities: SKL's short term assets (NZ$105.1M) exceed its long term liabilities (NZ$68.8M).
Debt to Equity History and Analysis
Debt Level: SKL's debt to equity ratio (27.3%) is considered satisfactory.
Reducing Debt: SKL had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: SKL's debt is well covered by operating cash flow (82.6%).
Interest Coverage: SKL's interest payments on its debt are well covered by EBIT (22.6x coverage).
Balance Sheet
Inventory Level: SKL has a high level of physical assets or inventory.
Debt Coverage by Assets: SKL's debt is covered by short term assets (assets are 2.2x debt).
Next Steps
Dividend
What is Skellerup Holdings's current dividend yield, its reliability and sustainability?
5.78%
Current Dividend Yield
Upcoming Dividend Payment
Purchase Skellerup Holdings before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: SKL's dividend (5.78%) is higher than the bottom 25% of dividend payers in the NZ market (2.88%).
High Dividend: SKL's dividend (5.78%) is in the top 25% of dividend payers in the NZ market (5.59%)
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: With its high payout ratio (91.1%), SKL's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SKL's dividends in 3 years are forecast to be covered by earnings (84.6% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
8.1yrs
Average management tenure
CEO
David Mair 0
8.5yrs
Tenure
NZ$681,000
Compensation
Mr. David William Mair, B.E., M.B.A. has been the Chief Executive Officer of Skellerup Holdings Limited since August 2011 and served as its Acting Chief Executive Officer since July 2010. Mr. Mair served a ...
CEO Compensation Analysis
Compensation vs Market: David's total compensation ($USD0.00) is below average for companies of similar size in the NZ market ($USD500.49K).
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 | 8.5yrs | NZ$681.00k | 2.81% NZ$12.6m | |
| Chief Financial Officer | 7.2yrs | no data | no data | |
| President of Gulf US Inc | 8.1yrs | no data | no data |
8.1yrs
Average Tenure
Experienced Management: SKL's management team is seasoned and experienced (8.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 8.5yrs | NZ$681.00k | 2.81% NZ$12.6m | |
| Independent Chairman | 3.1yrs | NZ$100.00k | 0.47% NZ$2.1m | |
| Non-Executive Director | 2.5yrs | no data | no data | |
| Independent Director | 3.5yrs | no data | 0.026% NZ$115.0k | |
| Independent Director | 4.9yrs | NZ$80.00k | 0.061% NZ$272.1k |
3.5yrs
Average Tenure
Experienced Board: SKL's board of directors are considered experienced (3.5 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 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$447.933m
- Shares outstanding: 194.75m
- 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 products and vacuum pumps 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; and dairy hygiene and livestock health management products, as well as mastitis prevention and mastitis detection equipment. It also provides sealing and waterproofing products for roofing, plumbing, and civil/underground applications; pipe seals, diaphragms, washers, gaskets, customized rubber moldings, check valves, O rings, disks, and other components for use in automotive, industrial, mining pipe, valve, and medical industries; high precision rubber and plastic components for the automotive, flow control, appliance and industrial markets; and fabric reinforced diaphragms for automotive gas markets. In addition, the company offers EVA, PE, and various blended foams for marine, footwear, and leisure products applications; industrial rubber products for various automotive and consumer original equipment manufacturers; industrial rubber and sponge sheeting products, moldings, extrusion strips and matting, roller recovery products, and shafts; and live wall systems for installation in new and existing chutes. It operates primarily in New Zealand, Australia, North America, the United Kingdom, Ireland, rest of Europe, Asia, and internationally. Skellerup Holdings Limited was founded in 1910 and is headquartered in Auckland, New Zealand.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/17 10:34 |
| End of Day Share Price | 2020/02/17 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/06/30 |
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.