Millennium & Copthorne Hotels New Zealand Limited owns, operates, manages, leases, and franchises hotels in New Zealand and Australia.
Millennium & Copthorne Hotels New Zealand Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||NZ$2.33|
|52 Week High||NZ$1.76|
|52 Week Low||NZ$2.55|
|1 Month Change||-3.72%|
|3 Month Change||-2.10%|
|1 Year Change||29.44%|
|3 Year Change||-25.56%|
|5 Year Change||13.11%|
|Change since IPO||1,065.06%|
Recent News & Updates
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...
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...
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...
|MCK||NZ Hospitality||NZ Market|
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.
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
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
|MCK fundamental statistics|
Is MCK overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MCK income statement (TTM)|
|Cost of Revenue||NZ$87.49m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.24|
|Net Profit Margin||20.05%|
How did MCK perform over the long term?See historical performance and comparison
Is Millennium & Copthorne Hotels New Zealand undervalued compared to its fair value and its price relative to the market?
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).
How is Millennium & Copthorne Hotels New Zealand forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
How has Millennium & Copthorne Hotels New Zealand performed over the past 5 years?
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.
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.
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.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
B. Chiu (72 yo)
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...
Experienced Board: MCK's board of directors are considered experienced (5.8 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Millennium & Copthorne Hotels New Zealand Limited's employee growth, exchange listings and data sources
- 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
- Millennium & Copthorne Hotels New Zealand Limited
- 280 Queen Street
- Level 13
- New Zealand
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/18 06:01|
|End of Day Share Price||2021/10/18 00:00|
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.