| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 0/6 |
| Past Performance | 1/6 |
| Financial Health | 6/6 |
| Dividends | 0/6 |
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
| Historical stock prices | |
|---|---|
| Current Share Price | NZ$2.13 |
| 52 Week High | NZ$2.60 |
| 52 Week Low | NZ$2.10 |
| Beta | 0.85 |
| 1 Month Change | -4.48% |
| 3 Month Change | -16.47% |
| 1 Year Change | -12.35% |
| 3 Year Change | -22.55% |
| 5 Year Change | -23.66% |
| Change since IPO | 965.06% |
Recent News & Updates
Shareholder Returns
| MCK | NZ Hospitality | NZ Market | |
|---|---|---|---|
| 7D | -0.5% | 0.1% | 1.7% |
| 1Y | -12.3% | -21.1% | -17.4% |
Return vs Industry: MCK exceeded the NZ Hospitality industry which returned -21.1% over the past year.
Return vs Market: MCK exceeded the NZ Market which returned -17.4% over the past year.
Price Volatility
| MCK volatility | |
|---|---|
| MCK Average Weekly Movement | 3.5% |
| Hospitality Industry Average Movement | 4.4% |
| Market Average Movement | 4.4% |
| 10% most volatile stocks in NZ Market | 8.6% |
| 10% least volatile stocks in NZ Market | 2.9% |
Stable Share Price: MCK is not significantly more volatile than the rest of NZ stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: MCK's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1985 | n/a | B. Chiu | https://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
| MCK fundamental statistics | |
|---|---|
| Market Cap | NZ$346.50m |
| Earnings (TTM) | NZ$40.05m |
| Revenue (TTM) | NZ$164.77m |
8.4x
P/E Ratio2.0x
P/S RatioIs MCK overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MCK income statement (TTM) | |
|---|---|
| Revenue | NZ$164.77m |
| Cost of Revenue | NZ$78.51m |
| Gross Profit | NZ$86.26m |
| Other Expenses | NZ$46.21m |
| Earnings | NZ$40.05m |
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.25 |
| Gross Margin | 52.35% |
| Net Profit Margin | 24.31% |
| Debt/Equity Ratio | 0.2% |
How did MCK perform over the long term?
See historical performance and comparisonDividends
1.6%
Current Dividend Yield14%
Payout RatioValuation
Is MCK undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
2/6Valuation 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
PEG Ratio
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.
| What is MCK's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | NZ$346.50m |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 1.7x |
| Enterprise Value/EBITDA | 5.1x |
| PEG Ratio | n/a |
Price to Earnings Ratio vs Peers
How does MCK's PE Ratio compare to its peers?
| MCK PE Ratio vs Peers |
|---|
| Company | PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 75.4x | ||
SKC SkyCity Entertainment Group | 47.9x | 31.0% | NZ$2.1b |
RBD Restaurant Brands New Zealand | 26.5x | 10.6% | NZ$1.3b |
EVO Evolve Education Group | 153x | 45.4% | NZ$118.1m |
PSEL Pakistan Services | 74.8x | n/a | PK₨50.1b |
MCK Millennium & Copthorne Hotels New Zealand | 8.4x | n/a | NZ$346.5m |
Price-To-Earnings vs Peers: MCK is good value based on its Price-To-Earnings Ratio (8.4x) compared to the peer average (75.4x).
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 (8.4x) compared to the Oceanic Hospitality industry average (24.9x)
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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 8.4x |
| Fair PE Ratio | n/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$2.13) is trading above our estimate of fair value (NZ$1.77)
Significantly Below Fair Value: MCK is trading above our estimate of fair value.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate MCK's PEG Ratio to determine if it is good value.
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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
0/6Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
28.6%
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.
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- Examine Millennium & Copthorne Hotels New Zealand's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Millennium & Copthorne Hotels New Zealand competitive advantages and company strategy can generally be found in its financial reports archived here.
Past Performance
How has Millennium & Copthorne Hotels New Zealand performed over the past 5 years?
Past Performance Score
1/6Past Performance Score 1/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
1.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MCK has a large one-off gain of NZ$15.9M impacting its December 31 2021 financial results.
Growing Profit Margin: MCK's current net profit margins (24.3%) are lower than last year (28.2%).
Past Earnings Growth Analysis
Earnings Trend: MCK's earnings have grown by 1% 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 (-17.4%) over the past year, making it difficult to compare to the Hospitality industry average (27.1%).
Return on Equity
High ROE: MCK's Return on Equity (8.2%) is considered low.
Discover strong past performing companies
Financial Health
How is Millennium & Copthorne Hotels New Zealand's financial position?
Financial Health Score
6/6Financial 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$223.2M) exceed its short term liabilities (NZ$37.8M).
Long Term Liabilities: MCK's short term assets (NZ$223.2M) exceed its long term liabilities (NZ$25.2M).
Debt to Equity History and Analysis
Debt Level: MCK has more cash than its total debt.
Reducing Debt: MCK's debt to equity ratio has reduced from 13% to 0.2% over the past 5 years.
Debt Coverage: MCK's debt is well covered by operating cash flow (2901.9%).
Interest Coverage: MCK earns more interest than it pays, so 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
0/6Dividend Score 0/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
1.64%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MCK's dividend (1.64%) isn’t notable compared to the bottom 25% of dividend payers in the NZ market (3.02%).
High Dividend: MCK's dividend (1.64%) is low compared to the top 25% of dividend payers in the NZ market (6.25%).
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 not paying a notable dividend for the NZ market.
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Management
How experienced are the management team and are they aligned to shareholders interests?
4.1yrs
Average management tenure
CEO
B. Chiu (72 yo)
17.08yrs
Tenure
NZ$440,342
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 Managing Director of CDL...
Leadership Team
Experienced Management: MCK's management team is considered experienced (4.1 years average tenure).
Board Members
Experienced Board: MCK's board of directors are considered experienced (5.7 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
- Implied Market Cap: NZ$346.498m
- 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/06/27 00:00 |
| End of Day Share Price | 2022/06/27 00:00 |
| Earnings | 2021/12/31 |
| Annual Earnings | 2021/12/31 |
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.