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.
Mediocre balance sheet with moderate growth potential.
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's share price has been volatile over the past 3 months.
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 -31.4% over the past year.
Return vs Market: NZR underperformed the NZ Market which returned 0.3% over the past year.
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
2 weeks ago | Simply Wall StIs The New Zealand Refining Company Limited (NZSE:NZR) Popular Amongst Institutions?
1 month ago | Simply Wall StHere's Why New Zealand Refining (NZSE:NZR) Is Weighed Down By Its Debt Load
2 months ago | Simply Wall StCalculating The Intrinsic Value Of The New Zealand Refining Company Limited (NZSE:NZR)
Is New Zealand Refining 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: NZR (NZ$0.7) is trading above our estimate of fair value (NZ$0.25)
Significantly Below Fair Value: NZR is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: NZR is poor value based on its PE Ratio (52.5x) compared to the XO Oil and Gas industry average (10.1x).
PE vs Market: NZR is poor value based on its PE Ratio (52.5x) compared to the NZ market (19.2x).
Price to Earnings Growth Ratio
PEG Ratio: NZR is poor value based on its PEG Ratio (2.2x)
Price to Book Ratio
PB vs Industry: NZR is good value based on its PB Ratio (0.3x) compared to the XO Oil and Gas industry average (1.2x).
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's forecast earnings growth (23.5% per year) is above the savings rate (2.6%).
Earnings vs Market: NZR's earnings (23.5% per year) are forecast to grow faster than the NZ market (7% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: NZR's revenue (2.6% per year) is forecast to grow slower than the NZ market (5.4% per year).
High Growth Revenue: NZR's revenue (2.6% per year) is forecast to grow slower than 20% 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 (2.6%).
How has New Zealand Refining performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NZR has a large one-off gain of NZ$2.1M impacting its December 31 2019 financial results.
Growing Profit Margin: NZR's current net profit margins (1.2%) are lower than last year (8.2%).
Past Earnings Growth Analysis
Earnings Trend: NZR's earnings have declined by 23.3% per year over the past 5 years.
Accelerating Growth: NZR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: NZR had negative earnings growth (-85.9%) over the past year, making it difficult to compare to the Oil and Gas industry average (-16%).
Return on Equity
High ROE: NZR's Return on Equity (0.6%) is considered low.
How is New Zealand Refining's financial position?
Financial Position Analysis
Short Term Liabilities: NZR's short term assets (NZ$164.0M) do not cover its short term liabilities (NZ$183.1M).
Long Term Liabilities: NZR's short term assets (NZ$164.0M) do not cover its long term liabilities (NZ$441.2M).
Debt to Equity History and Analysis
Debt Level: NZR's debt to equity ratio (33.1%) is considered satisfactory.
Reducing Debt: NZR's debt to equity ratio has reduced from 49.7% to 33.1% over the past 5 years.
Debt Coverage: NZR's debt is well covered by operating cash flow (46.8%).
Interest Coverage: NZR's interest payments on its debt are not well covered by EBIT (1.1x coverage).
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 ...
|Chief Executive Officer||0.33yr||no data||no data|
|CFO & Company Secretary||11.58yrs||no data||0.0053% |
|Chief Operating Officer||0.42yr||no data||no data|
|Chief People & Capability Officer||4.58yrs||no data||no data|
|Financial Controller||no data||no data||no data|
Experienced Management: NZR's management team is considered experienced (2.5 years average tenure).
|Independent Chairman||5.33yrs||NZ$180.00k||0.011% |
|Independent Director||7.25yrs||NZ$115.00k||no data|
|Independent Director||1.75yrs||NZ$122.08k||0.0074% |
Experienced Board: NZR's board of directors are considered experienced (3.3 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$218.733m
- Shares outstanding: 312.48m
- Website: https://www.refiningnz.com
Number of Employees
- The New Zealand Refining Company Limited
- Port Marsden Highway
- New Zealand
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|NZR||NZSE (New Zealand Stock Exchange)||Yes||Ordinary Shares||NZ||NZD||Jan 1992|
|NZRF.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Jan 1992|
|NZRF.Y||OTCPK (Pink Sheets LLC)||UNSPONSORED ADR||US||USD||Oct 2008|
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||2020/08/12 10:32|
|End of Day Share Price||2020/08/11 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.