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MCK

Millennium & Copthorne Hotels New ZealandNZSE:MCK Stock Report

Market Cap

NZ$366.5m

7D

0%

1Y

29.4%

Updated

18 Oct, 2021

Data

Company Financials
MCK fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends0/6

MCK Overview

Millennium & Copthorne Hotels New Zealand Limited owns, operates, manages, leases, and franchises hotels in New Zealand and Australia.

Millennium & Copthorne Hotels New Zealand Competitors

Entain

LSE:ENT

UK£12.3b

Price History & Performance

Summary of all time highs, changes and price drops for Millennium & Copthorne Hotels New Zealand
Historical stock prices
Current Share PriceNZ$2.33
52 Week HighNZ$1.76
52 Week LowNZ$2.55
Beta0.91
1 Month Change-3.72%
3 Month Change-2.10%
1 Year Change29.44%
3 Year Change-25.56%
5 Year Change13.11%
Change since IPO1,065.06%

Recent News & Updates

May 12
Millennium & Copthorne Hotels New Zealand (NZSE:MCK) Is Reinvesting At Lower Rates Of Return

Millennium & Copthorne Hotels New Zealand (NZSE:MCK) Is Reinvesting At Lower Rates Of Return

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? In a perfect world...

Mar 20
Shareholders Of Millennium & Copthorne Hotels New Zealand (NZSE:MCK) Must Be Happy With Their 63% Return

Shareholders Of Millennium & Copthorne Hotels New Zealand (NZSE:MCK) Must Be Happy With Their 63% Return

If you buy and hold a stock for many years, you'd hope to be making a profit. But more than that, you probably want to...

Feb 21
Are Millennium & Copthorne Hotels New Zealand's (NZSE:MCK) Statutory Earnings A Good Reflection Of Its Earnings Potential?

Are Millennium & Copthorne Hotels New Zealand's (NZSE:MCK) Statutory Earnings A Good Reflection Of Its Earnings Potential?

As a general rule, we think profitable companies are less risky than companies that lose money. That said, the current...

Shareholder Returns

MCKNZ HospitalityNZ Market
7D0%-2.3%-0.5%
1Y29.4%13.6%2.2%

Return vs Industry: MCK exceeded the NZ Hospitality industry which returned 13.6% over the past year.

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

Price Volatility

Is MCK's price volatile compared to industry and market?
MCK volatility
MCK Beta0.91
Industry Beta1.11
Market Beta1

Stable Share Price: MCK is less volatile than 75% of NZ stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: MCK's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1985n/aB. Chiuhttps://www.millenniumhotels.com

Millennium & Copthorne Hotels New Zealand Limited owns, operates, manages, leases, and franchises hotels in New Zealand and Australia. It is also involved in the ownership of residential apartments; investment and development properties; and development and sale of residential and commercial properties. The company was incorporated in 1985 and is based in Auckland, New Zealand.

Millennium & Copthorne Hotels New Zealand Fundamentals Summary

How do Millennium & Copthorne Hotels New Zealand's earnings and revenue compare to its market cap?
MCK fundamental statistics
Market CapNZ$366.54m
Earnings (TTM)NZ$37.22m
Revenue (TTM)NZ$185.60m

9.9x

P/E Ratio

2.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MCK income statement (TTM)
RevenueNZ$185.60m
Cost of RevenueNZ$87.49m
Gross ProfitNZ$98.11m
ExpensesNZ$60.89m
EarningsNZ$37.22m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.24
Gross Margin52.86%
Net Profit Margin20.05%
Debt/Equity Ratio0.3%

How did MCK perform over the long term?

See historical performance and comparison

Valuation

Is Millennium & Copthorne Hotels 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: MCK (NZ$2.33) is trading below our estimate of fair value (NZ$26.11)

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


Price To Earnings Ratio

PE vs Industry: MCK is good value based on its PE Ratio (9.9x) compared to the Oceanic Hospitality industry average (27.9x).

PE vs Market: MCK is good value based on its PE Ratio (9.9x) compared to the NZ market (22.5x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: MCK is good value based on its PB Ratio (0.5x) compared to the NZ Hospitality industry average (1.9x).


Future Growth

How is Millennium & Copthorne Hotels New Zealand forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

28.8%

Forecasted Consumer Services 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 Millennium & Copthorne Hotels 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 Millennium & Copthorne Hotels New Zealand performed over the past 5 years?

4.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MCK has high quality earnings.

Growing Profit Margin: MCK's current net profit margins (20.1%) are lower than last year (29.4%).


Past Earnings Growth Analysis

Earnings Trend: MCK's earnings have grown by 4.6% per year over the past 5 years.

Accelerating Growth: MCK's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: MCK had negative earnings growth (-37.9%) over the past year, making it difficult to compare to the Hospitality industry average (4.2%).


Return on Equity

High ROE: MCK's Return on Equity (5.7%) is considered low.


Financial Health

How is Millennium & Copthorne Hotels New Zealand's financial position?


Financial Position Analysis

Short Term Liabilities: MCK's short term assets (NZ$265.8M) exceed its short term liabilities (NZ$34.0M).

Long Term Liabilities: MCK's short term assets (NZ$265.8M) exceed its long term liabilities (NZ$76.7M).


Debt to Equity History and Analysis

Debt Level: MCK's debt to equity ratio (0.3%) is considered satisfactory.

Reducing Debt: MCK's debt to equity ratio has reduced from 15.7% to 0.3% over the past 5 years.

Debt Coverage: MCK's debt is well covered by operating cash flow (3551.3%).

Interest Coverage: MCK earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Millennium & Copthorne Hotels New Zealand current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate MCK's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate MCK's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if MCK's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MCK's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: MCK is not paying a notable dividend for the NZ market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MCK's dividend in 3 years as they are not forecast to pay a notable one for the NZ market.


Next Steps

Management

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

5.8yrs

Average board tenure


CEO

B. Chiu (72 yo)

16.42yrs

Tenure

NZ$396,210

Compensation

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: MCK's board of directors are considered experienced (5.8 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Millennium & Copthorne Hotels New Zealand Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Millennium & Copthorne Hotels New Zealand Limited
  • Ticker: MCK
  • Exchange: NZSE
  • Founded: 1985
  • Industry: Hotels, Resorts and Cruise Lines
  • Sector: Consumer Services
  • Market Cap: NZ$366.539m
  • Shares outstanding: 158.22m
  • Website: https://www.millenniumhotels.com

Location

  • Millennium & Copthorne Hotels New Zealand Limited
  • 280 Queen Street
  • Level 13
  • Auckland
  • 1010
  • New Zealand

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/18 06:01
End of Day Share Price2021/10/18 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.