The New Zealand Refining Company Limited, together with its subsidiaries, engages in the refining of crude oil and supply of refined petroleum products in New Zealand. More Details
Moderate growth potential and overvalued.
Share Price & News
How has New Zealand Refining's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: NZR is more volatile than 75% of NZ stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: NZR's weekly volatility (5%) has been stable over the past year, but is still higher than 75% of NZ stocks.
7 Day Return
NZ Oil and Gas
1 Year Return
NZ Oil and Gas
Return vs Industry: NZR underperformed the NZ Oil and Gas industry which returned 18.8% over the past year.
Return vs Market: NZR underperformed the NZ Market which returned 10.1% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is New Zealand Refining's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StWhat Kind Of Shareholders Own The New Zealand Refining Company Limited (NZSE:NZR)?
1 month ago | Simply Wall StNew Zealand Refining's(NZSE:NZR) Share Price Is Down 80% Over The Past Five Years.
2 months ago | Simply Wall StIs New Zealand Refining (NZSE:NZR) Using Too Much Debt?
Is New Zealand Refining undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: NZR (NZ$0.64) is trading above our estimate of fair value (NZ$0.26)
Significantly Below Fair Value: NZR is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: NZR is unprofitable, so we can't compare its PE Ratio to the Oceanic Oil and Gas industry average.
PE vs Market: NZR is unprofitable, so we can't compare its PE Ratio to the NZ market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate NZR's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: NZR is good value based on its PB Ratio (0.4x) compared to the XO Oil and Gas industry average (2x).
How is New Zealand Refining 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: NZR is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.1%).
Earnings vs Market: NZR is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: NZR's is expected to become profitable in the next 3 years.
Revenue vs Market: NZR's revenue is expected to decline over the next 3 years (-5.5% per year).
High Growth Revenue: NZR's revenue is forecast to decline over the next 3 years (-5.5% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NZR's Return on Equity is forecast to be low in 3 years time (2.9%).
How has New Zealand Refining performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NZR is currently unprofitable.
Growing Profit Margin: NZR is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: NZR is unprofitable, and losses have increased over the past 5 years at a rate of 68.7% per year.
Accelerating Growth: Unable to compare NZR's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: NZR is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-5%).
Return on Equity
High ROE: NZR has a negative Return on Equity (-35.16%), as it is currently unprofitable.
How is New Zealand Refining's financial position?
Financial Position Analysis
Short Term Liabilities: NZR's short term assets (NZ$218.1M) exceed its short term liabilities (NZ$174.9M).
Long Term Liabilities: NZR's short term assets (NZ$218.1M) do not cover its long term liabilities (NZ$429.8M).
Debt to Equity History and Analysis
Debt Level: NZR's debt to equity ratio (48.7%) is considered high.
Reducing Debt: NZR's debt to equity ratio has increased from 27.2% to 48.7% over the past 5 years.
Debt Coverage: NZR's debt is not well covered by operating cash flow (11.5%).
Interest Coverage: Insufficient data to determine if NZR's interest payments on its debt are well covered by EBIT.
What is New Zealand Refining current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate NZR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate NZR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if NZR's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if NZR's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: NZR is not paying a notable dividend for the NZ market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of NZR's dividend in 3 years as they are not forecast to pay a notable one for the NZ market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Naomi James (42 yo)
Ms. Naomi M. James, LLB (Hons), MLM, serves as Chief Executive Officer at The New Zealand Refining Company Limited since April 2020. She served as Executive Vice President of Midstream Infrastructure and E...
CEO Compensation Analysis
Compensation vs Market: Naomi's total compensation ($USD902.96K) is above average for companies of similar size in the NZ market ($USD250.07K).
Compensation vs Earnings: Insufficient data to compare Naomi's compensation with company performance.
Experienced Management: NZR's management team is not considered experienced ( 1 years average tenure), which suggests a new team.
Experienced Board: NZR's board of directors are considered experienced (4.2 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 not been meaningfully diluted in the past year.
The New Zealand Refining Company Limited's company bio, employee growth, exchange listings and data sources
- Name: The New Zealand Refining Company Limited
- Ticker: NZR
- Exchange: NZSE
- Founded: 1961
- Industry: Oil and Gas Refining and Marketing
- Sector: Energy
- Market Cap: NZ$200.297m
- Shares outstanding: 312.96m
- Website: https://www.refiningnz.com
Number of Employees
- The New Zealand Refining Company Limited
- Port Marsden Highway
- New Zealand
The New Zealand Refining Company Limited, together with its subsidiaries, engages in the refining of crude oil and supply of refined petroleum products in New Zealand. The company operates through Oil Refi...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/06/20 07:00|
|End of Day Share Price||2021/06/18 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.