NZX Limited operates a stock exchange in New Zealand. More Details
Outstanding track record with adequate balance sheet.
Share Price & News
How has NZX's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: NZX is not significantly more volatile than the rest 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.
7 Day Return
NZ Capital Markets
1 Year Return
NZ Capital Markets
Return vs Industry: NZX exceeded the NZ Capital Markets industry which returned 23.3% over the past year.
Return vs Market: NZX exceeded the NZ Market which returned 13.9% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is NZX's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StIs Now The Time To Put NZX (NZSE:NZX) On Your Watchlist?
2 months ago | Simply Wall StInvestors In NZX Limited (NZSE:NZX) Should Consider This, First
3 months ago | Simply Wall StDon't Buy NZX Limited (NZSE:NZX) For Its Next Dividend Without Doing These Checks
Is NZX undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: NZX (NZ$2.09) is trading above our estimate of fair value (NZ$1.08)
Significantly Below Fair Value: NZX is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: NZX is poor value based on its PE Ratio (32.9x) compared to the Oceanic Capital Markets industry average (20.4x).
PE vs Market: NZX is poor value based on its PE Ratio (32.9x) compared to the NZ market (22.2x).
Price to Earnings Growth Ratio
PEG Ratio: NZX is poor value based on its PEG Ratio (3.7x)
Price to Book Ratio
PB vs Industry: NZX is overvalued based on its PB Ratio (8.6x) compared to the XO Capital Markets industry average (1.3x).
How is NZX forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NZX's forecast earnings growth (8.9% per year) is above the savings rate (2.1%).
Earnings vs Market: NZX's earnings (8.9% per year) are forecast to grow slower than the NZ market (13.2% per year).
High Growth Earnings: NZX's earnings are forecast to grow, but not significantly.
Revenue vs Market: NZX's revenue (5.8% per year) is forecast to grow slower than the NZ market (6% per year).
High Growth Revenue: NZX's revenue (5.8% 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 high in 3 years time (33.8%)
How has NZX performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NZX has high quality earnings.
Growing Profit Margin: NZX's current net profit margins (22.4%) are higher than last year (21.1%).
Past Earnings Growth Analysis
Earnings Trend: NZX's earnings have grown by 3.7% per year over the past 5 years.
Accelerating Growth: NZX's earnings growth over the past year (20%) exceeds its 5-year average (3.7% per year).
Earnings vs Industry: NZX earnings growth over the past year (20%) exceeded the Capital Markets industry 1%.
Return on Equity
High ROE: NZX's Return on Equity (26%) is considered high.
How is NZX's financial position?
Financial Position Analysis
Short Term Liabilities: NZX's short term assets (NZ$168.3M) exceed its short term liabilities (NZ$130.2M).
Long Term Liabilities: NZX's short term assets (NZ$168.3M) exceed its long term liabilities (NZ$48.8M).
Debt to Equity History and Analysis
Debt Level: NZX's debt to equity ratio (57.5%) is considered high.
Reducing Debt: NZX's debt to equity ratio has increased from 26.3% to 57.5% over the past 5 years.
Debt Coverage: NZX's debt is well covered by operating cash flow (80.3%).
Interest Coverage: NZX's interest payments on its debt are well covered by EBIT (13x coverage).
What is NZX current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NZX's dividend (2.92%) is higher than the bottom 25% of dividend payers in the NZ market (2.34%).
High Dividend: NZX's dividend (2.92%) is low compared to the top 25% of dividend payers in the NZ market (4.53%).
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.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (96.2%), NZX's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: NZX's dividends in 3 years are not forecast to be well covered by earnings (91.2% payout ratio).
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 (5 years average tenure).
Experienced Board: NZX's board of directors are considered experienced (3.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: NZX insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
NZX Limited's company bio, employee growth, exchange listings and data sources
- Name: NZX Limited
- Ticker: NZX
- Exchange: NZSE
- Founded: 2002
- Industry: Financial Exchanges and Data
- Sector: Diversified Financials
- Market Cap: NZ$584.341m
- Shares outstanding: 279.59m
- Website: https://www.nzx.com
Number of Employees
- NZX Limited
- NZX Centre
- Level 1
- New Zealand
NZX Limited operates a stock exchange in New Zealand. The company operates through five segments: Issuer Relationships, Secondary Markets, Data & Insights, Funds Management, and Wealth Technologies. The Is...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/06/14 16:13|
|End of Day Share Price||2021/06/14 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.