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MCK

Millennium & Copthorne Hotels New Zealand NZSE:MCK Stock Report

Last Price

NZ$2.00

Market Cap

NZ$327.0m

7D

-2.4%

1Y

-14.9%

Updated

30 Sep, 2022

Data

Company Financials
MCK fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance1/6
Financial Health6/6
Dividends0/6

MCK Stock 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

Price History & Performance

Summary of all time highs, changes and price drops for Millennium & Copthorne Hotels New Zealand
Historical stock prices
Current Share PriceNZ$2.00
52 Week HighNZ$2.60
52 Week LowNZ$1.98
Beta0.81
1 Month Change-6.98%
3 Month Change-3.85%
1 Year Change-14.89%
3 Year Change-23.37%
5 Year Change-27.80%
Change since IPO900.06%

Recent News & Updates

Shareholder Returns

MCKNZ HospitalityNZ Market
7D-2.4%-3.7%-2.3%
1Y-14.9%-29.4%-18.8%

Return vs Industry: MCK exceeded the NZ Hospitality industry which returned -29.4% over the past year.

Return vs Market: MCK exceeded the NZ Market which returned -18.8% over the past year.

Price Volatility

Is MCK's price volatile compared to industry and market?
MCK volatility
MCK Average Weekly Movement3.6%
Hospitality Industry Average Movement5.7%
Market Average Movement3.9%
10% most volatile stocks in NZ Market7.7%
10% least volatile stocks in NZ Market2.8%

Stable Share Price: MCK is not significantly more volatile than the rest of NZ stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: MCK's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1985n/an/ahttps://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. The company was incorporated in 1985 and is headquartered 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$326.98m
Earnings (TTM)NZ$24.11m
Revenue (TTM)NZ$150.07m

13.1x

P/E Ratio

2.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MCK income statement (TTM)
RevenueNZ$150.07m
Cost of RevenueNZ$63.59m
Gross ProfitNZ$86.48m
Other ExpensesNZ$62.37m
EarningsNZ$24.11m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.15
Gross Margin57.63%
Net Profit Margin16.06%
Debt/Equity Ratio0%

How did MCK perform over the long term?

See historical performance and comparison

Dividends

1.7%

Current Dividend Yield

23%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is MCK undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MCK?

Other financial metrics that can be useful for relative valuation.

MCK key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.8x
Enterprise Value/EBITDA4.9x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does MCK's PE Ratio compare to its peers?

MCK PE Ratio vs Peers
The above table shows the PE ratio for MCK vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average33.5x
RBD Restaurant Brands New Zealand
29.3x26.7%NZ$955.7m
TUHO Turisthotel d.d
22.5xn/aKn1.5b
2706 First Hotel
32.2xn/aNT$7.2b
523127 EIH Associated Hotels
50.3xn/a₹14.2b
MCK Millennium & Copthorne Hotels New Zealand
13.1xn/aNZ$327.0m

Price-To-Earnings vs Peers: MCK is good value based on its Price-To-Earnings Ratio (13.1x) compared to the peer average (33.5x).


Price to Earnings Ratio vs Industry

How does MCK's PE Ratio compare vs other companies in the Global Hospitality Industry?

Price-To-Earnings vs Industry: MCK is good value based on its Price-To-Earnings Ratio (13.1x) compared to the Global Hospitality industry average (21.9x)


Price to Earnings Ratio vs Fair Ratio

What is MCK's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MCK PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.1x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate MCK's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of MCK when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MCK (NZ$2) is trading above our estimate of fair value (NZ$0.59)

Significantly Below Fair Value: MCK is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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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?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


25.1%

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.


Discover growth companies

Past Performance

How has Millennium & Copthorne Hotels New Zealand performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-2.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MCK has high quality earnings.

Growing Profit Margin: MCK's current net profit margins (16.1%) are lower than last year (24.6%).


Past Earnings Growth Analysis

Earnings Trend: MCK's earnings have declined by 2.9% 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 (-47.3%) over the past year, making it difficult to compare to the Hospitality industry average (-13.5%).


Return on Equity

High ROE: MCK's Return on Equity (5.5%) is considered low.


Discover strong past performing companies

Financial Health

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

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: MCK's short term assets (NZ$200.7M) exceed its short term liabilities (NZ$34.8M).

Long Term Liabilities: MCK's short term assets (NZ$200.7M) exceed its long term liabilities (NZ$29.7M).


Debt to Equity History and Analysis

Debt Level: MCK is debt free.

Reducing Debt: MCK has no debt compared to 5 years ago when its debt to equity ratio was 12%.

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

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


Balance Sheet


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


1.75%

Current Dividend Yield

Dividend Yield vs Market

Millennium & Copthorne Hotels New Zealand Dividend Yield vs Market
How does Millennium & Copthorne Hotels New Zealand dividend yield compare to the market?
SegmentDividend Yield
Company (Millennium & Copthorne Hotels New Zealand)1.7%
Market Bottom 25% (NZ)2.8%
Market Top 25% (NZ)6.3%
Industry Average (Hospitality)2.6%
Analyst forecast in 3 Years (Millennium & Copthorne Hotels New Zealand)n/a

Notable Dividend: MCK's dividend (1.75%) isn’t notable compared to the bottom 25% of dividend payers in the NZ market (2.85%).

High Dividend: MCK's dividend (1.75%) is low compared to the top 25% of dividend payers in the NZ market (6.27%).


Stability and Growth of Payments

Stable Dividend: MCK is not paying a notable dividend for the NZ market, therefore no need to check if payments are stable.

Growing Dividend: MCK is not paying a notable dividend for the NZ market, therefore no need to check if payments are increasing.


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

Cash Flow Coverage: MCK is paying a dividend but the company has no free cash flows.


Discover strong dividend paying companies

Management

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

5.2yrs

Average board tenure


CEO

Millennium & Copthorne Hotels New Zealand has no CEO, or we have no data on them.


Board Members

Experienced Board: MCK's board of directors are considered experienced (5.2 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.


Ownership Breakdown

What is the ownership structure of MCK?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders2,858,4331.8%
Institutions14,667,1659.3%
General Public19,714,56612.5%
Private Companies120,978,12276.5%

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


Top Shareholders

Top 24 shareholders own 87.54% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
75.82%
Millennium & Copthorne Hotels Limited
119,967,172NZ$239.9m0%no data
5.37%
abrdn plc
8,500,941NZ$17.0m0%0.01%
3.19%
Accident Compensation Corporation, Asset Management Arm
5,048,007NZ$10.1m0%0.24%
0.86%
Leng Beng Kwek
1,359,000NZ$2.7m0%no data
0.43%
Hong Chiam Kay
686,575NZ$1.4m0%no data
0.43%
Amalgamated Dairies Limited
684,980NZ$1.4m0%no data
0.29%
ANZ New Zealand Investments Limited
463,297NZ$926.6k0%0.1%
0.22%
Dimensional Fund Advisors LP
354,920NZ$709.8k0%no data
0.19%
FCA Corp.
300,000NZ$600.0k0%0.13%
0.18%
Jalaer Investments Limited
278,977NZ$558.0k0%no data
0.11%
Loo Goh Geok
168,002NZ$336.0k0%no data
0.1%
Wei-Yong Qian
165,000NZ$330.0k0%no data
0.095%
Sita Singh
151,000NZ$302.0k0%no data
0.07%
Alan White
110,130NZ$220.3k0%no data
0.027%
Jennifer Simpson
43,000NZ$86.0k0%no data
0.024%
Graeme Lord
38,613NZ$77.2k0%no data
0.024%
Lisa Lord
38,612NZ$77.2k0%no data
0.02%
Howard Zingel
31,592NZ$63.2k0%no data
0.015%
Aiken & Associates Ltd
23,593NZ$47.2k0%no data
0.015%
Sea And Peak Equities Limited
23,400NZ$46.8k0%no data
0.012%
Theodore Van Geldermalsen
19,000NZ$38.0k0%no data
0.012%
Margaret Freemantle
19,000NZ$38.0k0%no data
0.0091%
Roger Hayward
14,455NZ$28.9k0%no data
0.0091%
Susan Hayward
14,454NZ$28.9k0%no data

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
  • Implied Market Cap: NZ$326.984m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MCKNZSE (New Zealand Stock Exchange)YesOrdinary SharesNZNZDJan 1992
MCKPANZSE (New Zealand Stock Exchange)Redeemable Preference SharesNZNZDMar 2014

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/30 00:00
End of Day Share Price2022/09/30 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.