NZX Stock Overview
NZX Limited operates a stock exchange in New Zealand.
Price History & Performance
|Historical stock prices|
|Current Share Price||NZ$1.21|
|52 Week High||NZ$1.90|
|52 Week Low||NZ$1.20|
|1 Month Change||-3.97%|
|3 Month Change||-3.97%|
|1 Year Change||-34.95%|
|3 Year Change||0.83%|
|5 Year Change||0.83%|
|Change since IPO||12,449.26%|
Recent News & Updates
|NZX||NZ Capital Markets||NZ Market|
Return vs Industry: NZX underperformed the NZ Capital Markets industry which returned -5.5% over the past year.
Return vs Market: NZX underperformed the NZ Market which returned -11.3% over the past year.
|NZX Average Weekly Movement||3.4%|
|Capital Markets Industry Average Movement||5.8%|
|Market Average Movement||4.4%|
|10% most volatile stocks in NZ Market||8.3%|
|10% least volatile stocks in NZ Market||3.0%|
Stable Share Price: NZX is less volatile than 75% of NZ stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: NZX's weekly volatility (3%) has been stable over the past year.
About the Company
NZX Limited operates a stock exchange in New Zealand. The company operates through five segments: Capital Markets Origination, Secondary Markets, Data & Insights, Funds Management, and Wealth Technologies. The Capital Markets Origination segment provides issuer services for current and prospective customers.
NZX Fundamentals Summary
|NZX fundamental statistics|
Is NZX overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|NZX income statement (TTM)|
|Cost of Revenue||NZ$50.79m|
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
Aug 18, 2022
|Earnings per share (EPS)||0.048|
|Net Profit Margin||17.07%|
How did NZX perform over the long term?See historical performance and comparison
5.0%Current Dividend Yield
Is NZX undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 1/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for NZX?
Other financial metrics that can be useful for relative valuation.
|What is NZX's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does NZX's PE Ratio compare to its peers?
|NZX PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
MLN Marlin Global
A034950 Korea Ratings
PSE Philippine Stock Exchange
EXAE Hellenic Exchanges - Athens Stock Exchange
Price-To-Earnings vs Peers: NZX is expensive based on its Price-To-Earnings Ratio (25.2x) compared to the peer average (14.1x).
Price to Earnings Ratio vs Industry
How does NZX's PE Ratio compare vs other companies in the Oceanian Capital Markets Industry?
Price-To-Earnings vs Industry: NZX is expensive based on its Price-To-Earnings Ratio (25.2x) compared to the Oceanic Capital Markets industry average (14.7x)
Price to Earnings Ratio vs Fair Ratio
What is NZX'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.
|Current PE Ratio||25.2x|
|Fair PE Ratio||n/a|
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate NZX's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of NZX when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: NZX (NZ$1.21) is trading below our estimate of fair value (NZ$1.3)
Significantly Below Fair Value: NZX 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: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.
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How is NZX forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Future Growth Score2/6
Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NZX's forecast earnings growth (9.1% per year) is above the savings rate (2.1%).
Earnings vs Market: NZX's earnings (9.1% per year) are forecast to grow faster than the NZ market (5.2% per year).
High Growth Earnings: NZX's earnings are forecast to grow, but not significantly.
Revenue vs Market: NZX's revenue (3.5% per year) is forecast to grow slower than the NZ market (5.8% per year).
High Growth Revenue: NZX's revenue (3.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NZX's Return on Equity is forecast to be low in 3 years time (19.7%).
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How has NZX performed over the past 5 years?
Past Performance Score3/6
Past Performance Score 3/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NZX has high quality earnings.
Growing Profit Margin: NZX's current net profit margins (17.1%) are lower than last year (22.4%).
Past Earnings Growth Analysis
Earnings Trend: NZX's earnings have grown by 7.2% per year over the past 5 years.
Accelerating Growth: NZX's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: NZX had negative earnings growth (-14.6%) over the past year, making it difficult to compare to the Capital Markets industry average (29.3%).
Return on Equity
High ROE: NZX's Return on Equity (21.3%) is considered high.
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How is NZX's financial position?
Financial Health Score5/6
Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: NZX's short term assets (NZ$88.4M) exceed its short term liabilities (NZ$54.9M).
Long Term Liabilities: NZX's short term assets (NZ$88.4M) exceed its long term liabilities (NZ$55.1M).
Debt to Equity History and Analysis
Debt Level: NZX's net debt to equity ratio (14%) is considered satisfactory.
Reducing Debt: NZX's debt to equity ratio has increased from 28.7% to 55.2% over the past 5 years.
Debt Coverage: NZX's debt is well covered by operating cash flow (70.3%).
Interest Coverage: NZX's interest payments on its debt are well covered by EBIT (10.3x coverage).
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What is NZX current dividend yield, its reliability and sustainability?
Dividend Score 2/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NZX's dividend (5.04%) is higher than the bottom 25% of dividend payers in the NZ market (2.99%).
High Dividend: NZX's dividend (5.04%) is low compared to the top 25% of dividend payers in the NZ market (5.86%).
Stability and Growth of Payments
Stable Dividend: NZX's dividend payments have been volatile in the past 10 years.
Growing Dividend: NZX's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (113.6%), NZX's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (182.4%), NZX's dividend payments are not well covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Mark John Peterson has been Chief Executive Officer at NZX Ltd. since April 10, 2017. Mr. Peterson served as an Interim Chief Executive Officer at NZX Ltd.from January 1, 2017 to April 10, 2017. He se...
Experienced Management: NZX's management team is seasoned and experienced (6.2 years average tenure).
Experienced Board: NZX's board of directors are considered experienced (4.7 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.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 12%.
NZX Limited's employee growth, exchange listings and data sources
- Name: NZX Limited
- Ticker: NZX
- Exchange: NZSE
- Founded: 1866
- Industry: Financial Exchanges and Data
- Sector: Diversified Financials
- Implied Market Cap: NZ$388.290m
- Shares outstanding: 313.14m
- Website: https://www.nzx.com
Number of Employees
- NZX Limited
- NZX Centre
- Level 1
- New Zealand
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/09 00:00|
|End of Day Share Price||2022/08/09 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.