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New Zealand King Salmon Investments

Market Cap

NZ$233.1m

Last Updated

2021/04/21 07:02 UTC

Data Sources

Company Financials +

Executive Summary

New Zealand King Salmon Investments Limited, together with its subsidiaries, engages in the farming, processing, and sale of premium salmon products. More Details

Rewards

Earnings are forecast to grow 58.06% per year

Risk Analysis

No risks detected for NZK from our risk checks.


Snowflake Analysis

Reasonable growth potential with adequate balance sheet.

Share Price & News

How has New Zealand King Salmon Investments's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: NZK is not significantly more volatile than the rest of NZ stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: NZK's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

5.7%

NZK

-1.1%

NZ Food

-1.4%

NZ Market


1 Year Return

-9.2%

NZK

-32.3%

NZ Food

21.7%

NZ Market

Return vs Industry: NZK exceeded the NZ Food industry which returned -30.9% over the past year.

Return vs Market: NZK underperformed the NZ Market which returned 21.3% over the past year.


Shareholder returns

NZKIndustryMarket
7 Day5.7%-1.1%-1.4%
30 Day9.1%-6.8%1.3%
90 Day5.7%-10.3%-4.9%
1 Year-9.2%-9.2%-31.7%-32.3%25.3%21.7%
3 Year-22.7%-26.6%-25.2%-27.6%49.1%31.4%
5 Yearn/a42.4%24.0%83.8%40.3%

Long-Term Price Volatility Vs. Market

How volatile is New Zealand King Salmon Investments's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is New Zealand King Salmon Investments undervalued compared to its fair value and its price relative to the market?

1.21x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: NZK (NZ$1.68) is trading above our estimate of fair value (NZ$0.92)

Significantly Below Fair Value: NZK is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: NZK is unprofitable, so we can't compare its PE Ratio to the NZ Food industry average.

PE vs Market: NZK 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 NZK's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: NZK's PB Ratio (1.2x) is in line with the NZ Food industry average.


Future Growth

How is New Zealand King Salmon Investments forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

58.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NZK is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.3%).

Earnings vs Market: NZK is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: NZK's is expected to become profitable in the next 3 years.

Revenue vs Market: NZK's revenue (9.4% per year) is forecast to grow faster than the NZ market (7.1% per year).

High Growth Revenue: NZK's revenue (9.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NZK's Return on Equity is forecast to be low in 3 years time (7.2%).


Past Performance

How has New Zealand King Salmon Investments performed over the past 5 years?

-14.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NZK is currently unprofitable.

Growing Profit Margin: NZK is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: NZK is unprofitable, and losses have increased over the past 5 years at a rate of 14.8% per year.

Accelerating Growth: Unable to compare NZK's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: NZK is unprofitable, making it difficult to compare its past year earnings growth to the Food industry (1.2%).


Return on Equity

High ROE: NZK has a negative Return on Equity (-6.3%), as it is currently unprofitable.


Financial Health

How is New Zealand King Salmon Investments's financial position?


Financial Position Analysis

Short Term Liabilities: NZK's short term assets (NZ$137.2M) exceed its short term liabilities (NZ$33.0M).

Long Term Liabilities: NZK's short term assets (NZ$137.2M) exceed its long term liabilities (NZ$62.5M).


Debt to Equity History and Analysis

Debt Level: NZK's debt to equity ratio (22.7%) is considered satisfactory.

Reducing Debt: NZK's debt to equity ratio has reduced from 253.4% to 22.7% over the past 5 years.

Debt Coverage: NZK's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if NZK's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is New Zealand King Salmon Investments's current dividend yield, its reliability and sustainability?

2.30%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate NZK's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate NZK'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 NZK's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if NZK's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: NZK is not paying a notable dividend for the NZ market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of NZK's dividend in 3 years as they are not forecast to pay a notable one for the NZ market.


Next Steps

Management

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

4.8yrs

Average board tenure


CEO

Grant Rosewarne

12.25yrs

Tenure

NZ$523,287

Compensation

Mr. Grantley Bruce Rosewarne, also known as Grant, MBA (Executive), B App Sc, has been the Chief Executive Officer of New Zealand King Salmon Investments Limited since 2009 and serves as its Managing Direc...


Board Members

Experienced Board: NZK's board of directors are considered experienced (4.8 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.


Ownership Breakdown

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


Top Shareholders

Company Information

New Zealand King Salmon Investments Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: New Zealand King Salmon Investments Limited
  • Ticker: NZK
  • Exchange: NZSE
  • Founded: 2008
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: NZ$233.107m
  • Shares outstanding: 138.75m
  • Website: https://www.kingsalmon.co.nz

Number of Employees


Location

  • New Zealand King Salmon Investments Limited
  • 93 Beatty Street
  • Tahunanui
  • Nelson
  • 7011
  • New Zealand

Listings


Biography

New Zealand King Salmon Investments Limited, together with its subsidiaries, engages in the farming, processing, and sale of premium salmon products. It offers whole fish, fillets, steaks, portions, wood r...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/21 07:02
End of Day Share Price2021/04/21 00:00
Earnings2021/01/31
Annual Earnings2021/01/31


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.