| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 4/6 |
| Past Performance | 1/6 |
| Financial Health | 4/6 |
| Dividends | 1/6 |
ZEL Overview
Z Energy Limited sells transport fuel in New Zealand.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | NZ$3.62 |
| 52 Week High | NZ$2.52 |
| 52 Week Low | NZ$3.65 |
| Beta | 0.87 |
| 1 Month Change | 4.93% |
| 3 Month Change | 29.29% |
| 1 Year Change | 19.87% |
| 3 Year Change | -38.85% |
| 5 Year Change | -53.29% |
| Change since IPO | -1.09% |
Recent News & Updates
Returns On Capital Signal Tricky Times Ahead For Z Energy (NZSE:ZEL)
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Ideally, a...
Shareholder Returns
| ZEL | NZ Oil and Gas | NZ Market | |
|---|---|---|---|
| 7D | -0.8% | -4.1% | 0.4% |
| 1Y | 19.9% | 40.8% | 2.1% |
Return vs Industry: ZEL underperformed the NZ Oil and Gas industry which returned 40.8% over the past year.
Return vs Market: ZEL exceeded the NZ Market which returned 2.1% over the past year.
Price Volatility
| ZEL volatility | |
|---|---|
| ZEL Beta | 0.87 |
| Industry Beta | 1.28 |
| Market Beta | 1 |
Stable Share Price: ZEL is more volatile than 75% of NZ stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: ZEL's weekly volatility (5%) has been stable over the past year, but is still higher than 75% of NZ stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1959 | 2,121 | Mike Bennetts | https://www.z.co.nz |
Z Energy Limited sells transport fuel in New Zealand. It supplies fuel to retail customers, as well as commercial customers, such as airlines, trucking companies, shipping companies, and vehicle fleet operators, as well as supplies bitumen to roading contractors. The company also offers Z Business Plus, a fuel card for businesses to buy fuels.
Z Energy Fundamentals Summary
| ZEL fundamental statistics | |
|---|---|
| Market Cap | NZ$1.88b |
| Earnings (TTM) | NZ$61.00m |
| Revenue (TTM) | NZ$3.52b |
30.8x
P/E Ratio0.5x
P/S RatioIs ZEL overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| ZEL income statement (TTM) | |
|---|---|
| Revenue | NZ$3.52b |
| Cost of Revenue | NZ$2.96b |
| Gross Profit | NZ$562.00m |
| Expenses | NZ$501.00m |
| Earnings | NZ$61.00m |
Last Reported Earnings
Mar 31, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.12 |
| Gross Margin | 15.96% |
| Net Profit Margin | 1.73% |
| Debt/Equity Ratio | 76.2% |
How did ZEL perform over the long term?
See historical performance and comparisonDividends
3.9%
Current Dividend Yield127%
Payout RatioValuation
Is Z Energy undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ZEL (NZ$3.62) is trading below our estimate of fair value (NZ$8.08)
Significantly Below Fair Value: ZEL is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ZEL is poor value based on its PE Ratio (30.8x) compared to the Oceanic Oil and Gas industry average (30x).
PE vs Market: ZEL is poor value based on its PE Ratio (30.8x) compared to the NZ market (22.2x).
Price to Earnings Growth Ratio
PEG Ratio: ZEL is poor value based on its PEG Ratio (1.2x)
Price to Book Ratio
PB vs Industry: ZEL is good value based on its PB Ratio (1.9x) compared to the XO Oil and Gas industry average (2.5x).
Future Growth
How is Z Energy forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
26.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ZEL's forecast earnings growth (26.4% per year) is above the savings rate (2.1%).
Earnings vs Market: ZEL's earnings (26.4% per year) are forecast to grow faster than the NZ market (9.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: ZEL's revenue (10.1% per year) is forecast to grow faster than the NZ market (5.3% per year).
High Growth Revenue: ZEL's revenue (10.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ZEL's Return on Equity is forecast to be low in 3 years time (13.2%).
Past Performance
How has Z Energy performed over the past 5 years?
-29.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ZEL has a large one-off gain of NZ$17.4M impacting its March 31 2021 financial results.
Growing Profit Margin: ZEL became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: ZEL's earnings have declined by 29.7% per year over the past 5 years.
Accelerating Growth: ZEL has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: ZEL has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-50.5%).
Return on Equity
High ROE: ZEL's Return on Equity (5.6%) is considered low.
Financial Health
How is Z Energy's financial position?
Financial Position Analysis
Short Term Liabilities: ZEL's short term assets (NZ$1.1B) exceed its short term liabilities (NZ$859.0M).
Long Term Liabilities: ZEL's short term assets (NZ$1.1B) exceed its long term liabilities (NZ$1.1B).
Debt to Equity History and Analysis
Debt Level: ZEL's debt to equity ratio (76.2%) is considered high.
Reducing Debt: ZEL's debt to equity ratio has reduced from 77.4% to 76.2% over the past 5 years.
Debt Coverage: ZEL's debt is not well covered by operating cash flow (15.8%).
Interest Coverage: ZEL's interest payments on its debt are well covered by EBIT (4.4x coverage).
Balance Sheet
Dividend
What is Z Energy current dividend yield, its reliability and sustainability?
3.87%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ZEL's dividend (3.87%) is higher than the bottom 25% of dividend payers in the NZ market (2.38%).
High Dividend: ZEL's dividend (3.87%) is low compared to the top 25% of dividend payers in the NZ market (4.9%).
Stability and Growth of Payments
Stable Dividend: ZEL has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: ZEL has only been paying a dividend for 8 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (127.3%), ZEL's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ZEL's dividends in 3 years are not forecast to be well covered by earnings (116.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.7yrs
Average management tenure
CEO
Mike Bennetts
11.5yrs
Tenure
Mr. Michael John Bennetts, also known as Mike, BBS, Diploma in Corporate Management, CMInstD, serves as a Member of the Management of Morrison & Co Infrastructure Management Limited - Manager for Infratil...
Leadership Team
Experienced Management: ZEL's management team is considered experienced (2.7 years average tenure).
Board Members
Experienced Board: ZEL's board of directors are considered experienced (3.8 years average tenure).
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
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Z Energy Limited's employee growth, exchange listings and data sources
Key Information
- Name: Z Energy Limited
- Ticker: ZEL
- Exchange: NZSE
- Founded: 1959
- Industry: Oil and Gas Storage and Transportation
- Sector: Energy
- Market Cap: NZ$1.877b
- Shares outstanding: 518.51m
- Website: https://www.z.co.nz
Number of Employees
Location
- Z Energy Limited
- 3 Queens Wharf
- Wellington
- 6011
- New Zealand
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/23 06:02 |
| End of Day Share Price | 2021/10/22 00:00 |
| Earnings | 2021/03/31 |
| Annual Earnings | 2021/03/31 |
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.