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FWL

Foley Wines NZSE:FWL Stock Report

Last Price

NZ$1.40

Market Cap

NZ$92.0m

7D

-1.4%

1Y

-12.5%

Updated

07 Aug, 2022

Data

Company Financials
FWL fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance2/6
Financial Health4/6
Dividends2/6

FWL Stock Overview

Foley Wines Limited, an integrated wine company, produces, markets, and sells wines in New Zealand.

Foley Wines Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Foley Wines
Historical stock prices
Current Share PriceNZ$1.40
52 Week HighNZ$1.71
52 Week LowNZ$1.38
Beta0.29
1 Month Change-5.41%
3 Month Change-7.90%
1 Year Change-12.50%
3 Year Change-26.32%
5 Year Change11.11%
Change since IPO27.27%

Recent News & Updates

Shareholder Returns

FWLNZ BeverageNZ Market
7D-1.4%2.1%2.1%
1Y-12.5%-0.3%-11.3%

Return vs Industry: FWL underperformed the NZ Beverage industry which returned -0.3% over the past year.

Return vs Market: FWL underperformed the NZ Market which returned -11.3% over the past year.

Price Volatility

Is FWL's price volatile compared to industry and market?
FWL volatility
FWL Average Weekly Movement4.2%
Beverage Industry Average Movement4.8%
Market Average Movement4.4%
10% most volatile stocks in NZ Market8.2%
10% least volatile stocks in NZ Market3.0%

Stable Share Price: FWL is not significantly more volatile than the rest of NZ stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: FWL's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1986n/aMark Turnbullhttps://www.foleywines.co.nz

Foley Wines Limited, an integrated wine company, produces, markets, and sells wines in New Zealand. It offers wines under the Martinborough Vineyard, Te Kairanga, Lighthouse Gin, Grove Mill, Vavasour, and Mt Difficulty brands. It also exports its products.

Foley Wines Fundamentals Summary

How do Foley Wines's earnings and revenue compare to its market cap?
FWL fundamental statistics
Market CapNZ$92.03m
Earnings (TTM)NZ$4.83m
Revenue (TTM)NZ$54.61m

19.0x

P/E Ratio

1.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FWL income statement (TTM)
RevenueNZ$54.61m
Cost of RevenueNZ$36.62m
Gross ProfitNZ$17.99m
Other ExpensesNZ$13.15m
EarningsNZ$4.83m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.074
Gross Margin32.94%
Net Profit Margin8.85%
Debt/Equity Ratio35.3%

How did FWL perform over the long term?

See historical performance and comparison

Dividends

2.9%

Current Dividend Yield

54%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is FWL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for FWL?

Other financial metrics that can be useful for relative valuation.

FWL key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.7x
Enterprise Value/EBITDA10.5x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does FWL's PE Ratio compare to its peers?

FWL PE Ratio vs Peers
The above table shows the PE ratio for FWL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average20.9x
DGL Delegat Group
19.9x12.8%NZ$1.2b
SEK Seeka
12.9x21.5%NZ$191.8m
LIC Livestock Improvement
20.8xn/aNZ$220.6m
TGG T&G Global
29.8xn/aNZ$330.9m
FWL Foley Wines
19xn/aNZ$92.0m

Price-To-Earnings vs Peers: FWL is good value based on its Price-To-Earnings Ratio (19x) compared to the peer average (20.9x).


Price to Earnings Ratio vs Industry

How does FWL's PE Ratio compare vs other companies in the Global Beverage Industry?

Price-To-Earnings vs Industry: FWL is good value based on its Price-To-Earnings Ratio (19x) compared to the Oceanic Beverage industry average (25.2x)


Price to Earnings Ratio vs Fair Ratio

What is FWL'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.

FWL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio19x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate FWL's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of FWL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: FWL (NZ$1.4) is trading below our estimate of fair value (NZ$18.89)

Significantly Below Fair Value: FWL is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Foley Wines forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


19.8%

Forecasted Food, Beverage & Tobacco industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Foley Wines has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


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  • Examine whether Foley Wines is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • Foley Wines competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Foley Wines performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


15.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: FWL has high quality earnings.

Growing Profit Margin: FWL's current net profit margins (8.9%) are lower than last year (13.5%).


Past Earnings Growth Analysis

Earnings Trend: FWL's earnings have grown by 15.5% per year over the past 5 years.

Accelerating Growth: FWL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: FWL had negative earnings growth (-28.5%) over the past year, making it difficult to compare to the Beverage industry average (18.2%).


Return on Equity

High ROE: FWL's Return on Equity (3.6%) is considered low.


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Financial Health

How is Foley Wines's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: FWL's short term assets (NZ$56.4M) exceed its short term liabilities (NZ$16.4M).

Long Term Liabilities: FWL's short term assets (NZ$56.4M) do not cover its long term liabilities (NZ$61.7M).


Debt to Equity History and Analysis

Debt Level: FWL's net debt to equity ratio (30.4%) is considered satisfactory.

Reducing Debt: FWL's debt to equity ratio has increased from 21.3% to 35.3% over the past 5 years.

Debt Coverage: FWL's debt is well covered by operating cash flow (32.6%).

Interest Coverage: FWL's interest payments on its debt are well covered by EBIT (5.9x coverage).


Balance Sheet


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Dividend

What is Foley Wines's current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


2.86%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: FWL's dividend (2.86%) isn’t notable compared to the bottom 25% of dividend payers in the NZ market (2.95%).

High Dividend: FWL's dividend (2.86%) is low compared to the top 25% of dividend payers in the NZ market (5.8%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, FWL has been paying a dividend for less than 10 years.

Growing Dividend: FWL's dividend payments have increased, but the company has only paid a dividend for 7 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (54.4%), FWL's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (27.9%), FWL's dividend payments are well covered by cash flows.


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Management

How experienced are the management team and are they aligned to shareholders interests?

9.9yrs

Average board tenure


CEO

Mark Turnbull

9.92yrs

Tenure

NZ$850,000

Compensation

Mr. Antony Mark Turnbull, also known as Mark, has been the Chief Executive Officer and Executive Director of Foley Wines Limited (formerly known as Foley Family Wines Limited) since September 2012. Mr. Tur...


CEO Compensation Analysis

Compensation vs Market: Mark's total compensation ($USD530.12K) is above average for companies of similar size in the NZ market ($USD336.10K).

Compensation vs Earnings: Mark's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: FWL's board of directors are considered experienced (9.9 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Foley Wines Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Foley Wines Limited
  • Ticker: FWL
  • Exchange: NZSE
  • Founded: 1986
  • Industry: Distillers and Vintners
  • Sector: Food, Beverage & Tobacco
  • Implied Market Cap: NZ$92.031m
  • Shares outstanding: 65.74m
  • Website: https://www.foleywines.co.nz

Location

  • Foley Wines Limited
  • 13 Waihopai Valley Road
  • Road 6
  • Blenheim
  • 7276
  • New Zealand

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/07 00:00
End of Day Share Price2022/08/05 00:00
Earnings2021/12/31
Annual Earnings2021/06/30


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.