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SVR

Savor NZSE:SVR Stock Report

Last Price

NZ$0.40

Market Cap

NZ$26.7m

7D

0%

1Y

-13.0%

Updated

27 Sep, 2022

Data

Company Financials
SVR fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health2/6
Dividends0/6

SVR Stock Overview

Savor Limited operates in the hospitality sector with 17 venues in Auckland.

Savor Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Savor
Historical stock prices
Current Share PriceNZ$0.40
52 Week HighNZ$0.59
52 Week LowNZ$0.38
Beta1.1
1 Month Change-2.44%
3 Month Change0%
1 Year Change-13.04%
3 Year Change-62.96%
5 Year Change-70.37%
Change since IPO-89.66%

Recent News & Updates

Jul 23
Calculating The Fair Value Of Savor Limited (NZSE:SVR)

Calculating The Fair Value Of Savor Limited (NZSE:SVR)

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Savor Limited...

May 31
Savor (NZSE:SVR) Seems To Be Using A Lot Of Debt

Savor (NZSE:SVR) Seems To Be Using A Lot Of Debt

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Shareholder Returns

SVRNZ HospitalityNZ Market
7D0%-0.02%-1.0%
1Y-13.0%-26.7%-16.8%

Return vs Industry: SVR exceeded the NZ Hospitality industry which returned -26.7% over the past year.

Return vs Market: SVR exceeded the NZ Market which returned -16.8% over the past year.

Price Volatility

Is SVR's price volatile compared to industry and market?
SVR volatility
SVR Average Weekly Movement6.5%
Hospitality Industry Average Movement5.6%
Market Average Movement3.8%
10% most volatile stocks in NZ Market8.0%
10% least volatile stocks in NZ Market2.7%

Stable Share Price: SVR is more volatile than 75% of NZ stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: SVR's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of NZ stocks.

About the Company

FoundedEmployeesCEOWebsite
2003376Lucien Lawhttps://www.savour.co.nz

Savor Limited operates in the hospitality sector with 17 venues in Auckland. It operates restaurants and bars. The company was formerly known as Moa Group Limited and changed its name to Savor Limited in March 2021.

Savor Fundamentals Summary

How do Savor's earnings and revenue compare to its market cap?
SVR fundamental statistics
Market CapNZ$26.71m
Earnings (TTM)-NZ$5.04m
Revenue (TTM)NZ$30.58m

0.9x

P/S Ratio

-5.3x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SVR income statement (TTM)
RevenueNZ$30.58m
Cost of RevenueNZ$11.60m
Gross ProfitNZ$18.99m
Other ExpensesNZ$24.02m
Earnings-NZ$5.04m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.075
Gross Margin62.08%
Net Profit Margin-16.47%
Debt/Equity Ratio93.6%

How did SVR perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is SVR 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-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales 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 SVR?

Other financial metrics that can be useful for relative valuation.

SVR 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/EBITDA27.4x
PEG Ration/a

Price to Sales Ratio vs Peers

How does SVR's PS Ratio compare to its peers?

SVR PS Ratio vs Peers
The above table shows the PS ratio for SVR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average0.6x
BFG Burger Fuel Group
0.8xn/aNZ$16.4m
GSH Good Spirits Hospitality
0.1xn/aNZ$2.4m
RBD Restaurant Brands New Zealand
0.8x6.9%NZ$979.4m
EVO Evolve Education Group
0.6x-24.7%NZ$100.5m
SVR Savor
0.9xn/aNZ$26.7m

Price-To-Sales vs Peers: SVR is expensive based on its Price-To-Sales Ratio (0.9x) compared to the peer average (0.6x).


Price to Earnings Ratio vs Industry

How does SVR's PE Ratio compare vs other companies in the Oceanian Hospitality Industry?

Price-To-Sales vs Industry: SVR is good value based on its Price-To-Sales Ratio (0.9x) compared to the Oceanic Hospitality industry average (2x)


Price to Sales Ratio vs Fair Ratio

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

SVR PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.9x
Fair PS Ration/a

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


Share Price vs Fair Value

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

Below Fair Value: SVR (NZ$0.4) is trading below our estimate of fair value (NZ$0.42)

Significantly Below Fair Value: SVR is trading below fair value, but not by a significant amount.


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 Savor 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


25.2%

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 Savor 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

  • Take a look at our analysis of SVR’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • Savor competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Savor performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-10.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SVR is currently unprofitable.

Growing Profit Margin: SVR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SVR is unprofitable, and losses have increased over the past 5 years at a rate of 10.3% per year.

Accelerating Growth: Unable to compare SVR's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: SVR is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (-13.5%).


Return on Equity

High ROE: SVR has a negative Return on Equity (-35.11%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Savor's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: SVR's short term assets (NZ$2.6M) do not cover its short term liabilities (NZ$12.2M).

Long Term Liabilities: SVR's short term assets (NZ$2.6M) do not cover its long term liabilities (NZ$28.5M).


Debt to Equity History and Analysis

Debt Level: SVR's net debt to equity ratio (84.2%) is considered high.

Reducing Debt: Insufficient data to determine if SVR's debt to equity ratio has reduced over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable SVR has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: SVR is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 29.9% per year.


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Dividend

What is Savor 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

Dividend Yield vs Market

Savor Dividend Yield vs Market
How does Savor dividend yield compare to the market?
SegmentDividend Yield
Company (Savor)n/a
Market Bottom 25% (NZ)2.9%
Market Top 25% (NZ)6.0%
Industry Average (Hospitality)2.6%
Analyst forecast in 3 Years (Savor)n/a

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

High Dividend: Unable to evaluate SVR'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 SVR's dividends per share have been stable in the past.

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


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as SVR has not reported any payouts.


Discover strong dividend paying companies

Management

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

1.5yrs

Average management tenure


CEO

Lucien Law

1.5yrs

Tenure

NZ$410,000

Compensation

Mr. Lucien Nicholas Law has been Managing Director and Group Chief Executive at Savor Limited (formerly known as Moa Group Limited) since March 1, 2021 and its Director since April 01, 2019. He served as M...


CEO Compensation Analysis

Lucien Law's Compensation vs Savor Earnings
How has Lucien Law's remuneration changed compared to Savor's earnings?
DateTotal Comp.SalaryCompany Earnings
Mar 31 2022NZ$410kNZ$350k

-NZ$5m

Dec 31 2021n/an/a

-NZ$5m

Sep 30 2021n/an/a

-NZ$4m

Jun 30 2021n/an/a

-NZ$4m

Mar 31 2021NZ$200kNZ$200k

-NZ$3m

Sep 30 2020n/an/a

NZ$667k

Jun 30 2020n/an/a

-NZ$418k

Mar 31 2020NZ$300kNZ$300k

-NZ$2m

Compensation vs Market: Lucien's total compensation ($USD233.84K) is about average for companies of similar size in the NZ market ($USD274.84K).

Compensation vs Earnings: Lucien's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: SVR's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Members

Experienced Board: SVR's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.


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

NZSE:SVR Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
30 May 22BuyNZ$567,069H&G LimitedCompany1,386,480NZ$0.41

Ownership Breakdown

What is the ownership structure of SVR?
Owner TypeNumber of SharesOwnership Percentage
Institutions1,528,2312.3%
Private Companies17,377,80826.0%
General Public19,416,12829.1%
Individual Insiders28,462,78042.6%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 7.7%.


Top Shareholders

Top 25 shareholders own 70.15% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
15.58%
H&G Limited
10,406,653NZ$4.2m13.65%no data
13.69%
Colin Neal
9,140,476NZ$3.7m0%no data
7.33%
Lucien Law
4,896,331NZ$2.0m0%no data
6.72%
Paul Robinson
4,485,797NZ$1.8m0%no data
4.67%
Ryan Davis
3,119,445NZ$1.2m367.92%no data
4.16%
Ross Venture Trust
2,775,161NZ$1.1m0%no data
2.74%
Amano Group Limited
1,829,491NZ$731.8k0%no data
1.76%
David Lyall Holdings Ltd.
1,172,352NZ$468.9k0%49.89%
1.65%
Philip Bowman
1,105,000NZ$442.0k0%no data
1.51%
Allan Scott Wines & Estates Limited
1,007,892NZ$403.2k0%no data
1.29%
Vanessa Neal
862,068NZ$344.8k0%no data
0.89%
Warren Ladbrook
596,806NZ$238.7k0%no data
0.89%
Gaylene Cadwallader
596,806NZ$238.7k0%no data
0.89%
David Poole
596,806NZ$238.7k0%no data
0.88%
William Davidson
590,000NZ$236.0k0%no data
0.78%
David Lugton
519,658NZ$207.9k0%no data
0.75%
El Pilar A1 Trust
500,938NZ$200.4k0%no data
0.75%
Ika-Roa Investment Trust
500,938NZ$200.4k0%no data
0.68%
Pamela Lugton
455,320NZ$182.1k0%no data
0.66%
Leslie Frank
440,340NZ$176.1k0%no data
0.54%
Justin Bade
358,952NZ$143.6k0%no data
0.53%
The Business Bakery LP
355,879NZ$142.4k0%100%
0.27%
Rca Trustees 2016 Limited
179,476NZ$71.8k0%no data
0.27%
Toto Trustees Limited
177,259NZ$70.9k0%no data
0.27%
Antonio Crisci
177,259NZ$70.9k0%no data

Company Information

Savor Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Savor Limited
  • Ticker: SVR
  • Exchange: NZSE
  • Founded: 2003
  • Industry: Restaurants
  • Sector: Consumer Services
  • Implied Market Cap: NZ$26.714m
  • Shares outstanding: 66.78m
  • Website: https://www.savour.co.nz

Number of Employees


Location

  • Savor Limited
  • Seafarers Building
  • Level 4
  • Auckland
  • 1143
  • New Zealand


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SVRNZSE (New Zealand Stock Exchange)YesOrdinary SharesNZNZDNov 2012

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/27 00:00
End of Day Share Price2022/09/23 00:00
Earnings2022/03/31
Annual Earnings2022/03/31


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.