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CDI

CDL Investments New ZealandNZSE:CDI Stock Report

Market Cap

NZ$327.8m

7D

0.4%

1Y

40.7%

Updated

17 Oct, 2021

Data

Company Financials
CDI fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance3/6
Financial Health6/6
Dividends4/6

CDI Overview

CDL Investments New Zealand Limited, together with its subsidiary, CDL Land New Zealand Limited engages in the investment, development, management, and sale of residential land properties in New Zealand.

Price History & Performance

Summary of all time highs, changes and price drops for CDL Investments New Zealand
Historical stock prices
Current Share PriceNZ$1.14
52 Week HighNZ$0.77
52 Week LowNZ$1.25
Beta0.79
1 Month Change-1.30%
3 Month Change-5.00%
1 Year Change40.74%
3 Year Change31.03%
5 Year Change56.16%
Change since IPO1,528.57%

Recent News & Updates

May 20
Here's What To Make Of CDL Investments New Zealand's (NZSE:CDI) Decelerating Rates Of Return

Here's What To Make Of CDL Investments New Zealand's (NZSE:CDI) Decelerating Rates Of Return

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? One common approach...

Shareholder Returns

CDINZ Consumer DurablesNZ Market
7D0.4%4.9%-0.5%
1Y40.7%5.2%2.2%

Return vs Industry: CDI exceeded the NZ Consumer Durables industry which returned 5.2% over the past year.

Return vs Market: CDI exceeded the NZ Market which returned 2.2% over the past year.

Price Volatility

Is CDI's price volatile compared to industry and market?
CDI volatility
CDI Beta0.79
Industry Beta0.58
Market Beta1

Stable Share Price: CDI is less volatile than 75% of NZ stocks over the past 3 months, typically moving +/- 3% a week.

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

About the Company

FoundedEmployeesCEOWebsite
n/an/aB. Chiuhttps://www.cdlinvestments.co.nz

CDL Investments New Zealand Limited, together with its subsidiary, CDL Land New Zealand Limited engages in the investment, development, management, and sale of residential land properties in New Zealand. It holds approximately 290 hectares of land for development. CDL Investments New Zealand Limited is based in Auckland, New Zealand.

CDL Investments New Zealand Fundamentals Summary

How do CDL Investments New Zealand's earnings and revenue compare to its market cap?
CDI fundamental statistics
Market CapNZ$327.76m
Earnings (TTM)NZ$37.11m
Revenue (TTM)NZ$108.93m

8.8x

P/E Ratio

3.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CDI income statement (TTM)
RevenueNZ$108.93m
Cost of RevenueNZ$53.45m
Gross ProfitNZ$55.48m
ExpensesNZ$18.37m
EarningsNZ$37.11m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.13
Gross Margin50.93%
Net Profit Margin34.07%
Debt/Equity Ratio0%

How did CDI perform over the long term?

See historical performance and comparison

Dividends

3.1%

Current Dividend Yield

27%

Payout Ratio

Valuation

Is CDL Investments New Zealand undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CDI (NZ$1.14) is trading below our estimate of fair value (NZ$15.35)

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


Price To Earnings Ratio

PE vs Industry: CDI is good value based on its PE Ratio (8.8x) compared to the Oceanic Consumer Durables industry average (15.7x).

PE vs Market: CDI is good value based on its PE Ratio (8.8x) compared to the NZ market (22.5x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CDI's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CDI is good value based on its PB Ratio (1.2x) compared to the XO Consumer Durables industry average (2x).


Future Growth

How is CDL Investments New Zealand forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

12.5%

Forecasted Consumer Durables industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as CDL Investments New Zealand has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has CDL Investments New Zealand performed over the past 5 years?

3.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CDI has high quality earnings.

Growing Profit Margin: CDI's current net profit margins (34.1%) are lower than last year (35.5%).


Past Earnings Growth Analysis

Earnings Trend: CDI's earnings have grown by 3.4% per year over the past 5 years.

Accelerating Growth: CDI's earnings growth over the past year (13.2%) exceeds its 5-year average (3.4% per year).

Earnings vs Industry: CDI earnings growth over the past year (13.2%) underperformed the Consumer Durables industry 43.2%.


Return on Equity

High ROE: CDI's Return on Equity (13.5%) is considered low.


Financial Health

How is CDL Investments New Zealand's financial position?


Financial Position Analysis

Short Term Liabilities: CDI's short term assets (NZ$160.4M) exceed its short term liabilities (NZ$8.8M).

Long Term Liabilities: CDI's short term assets (NZ$160.4M) exceed its long term liabilities (NZ$81.0K).


Debt to Equity History and Analysis

Debt Level: CDI is debt free.

Reducing Debt: CDI has not had any debt for past 5 years.

Debt Coverage: CDI has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: CDI has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is CDL Investments New Zealand current dividend yield, its reliability and sustainability?

3.07%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CDI's dividend (3.07%) is higher than the bottom 25% of dividend payers in the NZ market (2.45%).

High Dividend: CDI's dividend (3.07%) is low compared to the top 25% of dividend payers in the NZ market (4.75%).


Stability and Growth of Payments

Stable Dividend: CDI's dividends per share have been stable in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (26.6%), CDI's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

4.2yrs

Average board tenure


CEO

B. Chiu (72 yo)

16.42yrs

Tenure

Mr. B. K. Chiu has been a Managing Director and Executive Director at Millennium & Copthorne Hotels New Zealand Limited since May 2005 and since June 2005 respectively. Mr. Chiu is a Managing Director, sin...


Board Members

Experienced Board: CDI'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: 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 been diluted in the past year, with total shares outstanding growing by 2.5%.


Top Shareholders

Company Information

CDL Investments New Zealand Limited's employee growth, exchange listings and data sources


Key Information

  • Name: CDL Investments New Zealand Limited
  • Ticker: CDI
  • Exchange: NZSE
  • Founded: NaN
  • Industry: Homebuilding
  • Sector: Consumer Durables
  • Market Cap: NZ$327.765m
  • Shares outstanding: 287.51m
  • Website: https://www.cdlinvestments.co.nz

Location

  • CDL Investments New Zealand Limited
  • 280 Queen Street
  • Level 13
  • Auckland
  • 1140
  • New Zealand

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/17 06:01
End of Day Share Price2021/10/15 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.