New Zealand King Salmon Investments Limited, together with its subsidiaries, engages in the farming, processing, and sale of premium salmon products.
Flawless balance sheet with reasonable growth potential.
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 has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: NZK underperformed the NZ Food industry which returned -4.8% over the past year.
Return vs Market: NZK underperformed the NZ Market which returned 20.2% over the past year.
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
1 week ago | Simply Wall StThese 4 Measures Indicate That New Zealand King Salmon Investments (NZSE:NZK) Is Using Debt Extensively
3 weeks ago | Simply Wall StIs New Zealand King Salmon Investments Limited (NZSE:NZK) The Right Choice For A Smart Dividend Investor?
1 month ago | Simply Wall StWhat Kind Of Shareholder Owns Most New Zealand King Salmon Investments Limited (NZSE:NZK) Stock?
Is New Zealand King Salmon Investments 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: NZK (NZ$2.01) is trading above our estimate of fair value (NZ$1.46)
Significantly Below Fair Value: NZK is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: NZK is poor value based on its PE Ratio (24.5x) compared to the Food industry average (15.5x).
PE vs Market: NZK is poor value based on its PE Ratio (24.5x) compared to the NZ market (20.4x).
Price to Earnings Growth Ratio
PEG Ratio: NZK is poor value based on its PEG Ratio (1.2x)
Price to Book Ratio
PB vs Industry: NZK is overvalued based on its PB Ratio (1.7x) compared to the NZ Food industry average (1.2x).
How is New Zealand King Salmon Investments forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NZK's forecast earnings growth (20.5% per year) is above the savings rate (1.3%).
Earnings vs Market: NZK's earnings (20.5% per year) are forecast to grow faster than the NZ market (8.7% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: NZK's revenue (8% per year) is forecast to grow faster than the NZ market (5.7% per year).
High Growth Revenue: NZK's revenue (8% 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 (10.4%).
How has New Zealand King Salmon Investments performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NZK has high quality earnings.
Growing Profit Margin: NZK's current net profit margins (6.6%) are lower than last year (10.1%).
Past Earnings Growth Analysis
Earnings Trend: NZK has become profitable over the past 5 years, growing earnings by 27.2% per year.
Accelerating Growth: NZK's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: NZK had negative earnings growth (-29.6%) over the past year, making it difficult to compare to the Food industry average (-9.7%).
Return on Equity
High ROE: NZK's Return on Equity (6.7%) is considered low.
Return on Assets
Return on Capital Employed
How is New Zealand King Salmon Investments's financial position?
Financial Position Analysis
Short Term Liabilities: NZK's short term assets (NZ$109.1M) exceed its short term liabilities (NZ$22.2M).
Long Term Liabilities: NZK's short term assets (NZ$109.1M) exceed its long term liabilities (NZ$31.1M).
Debt to Equity History and Analysis
Debt Level: NZK's debt to equity ratio (10%) is considered satisfactory.
Reducing Debt: NZK's debt to equity ratio has reduced from 457.4% to 10% over the past 5 years.
Debt Coverage: NZK's debt is well covered by operating cash flow (64%).
Interest Coverage: NZK's interest payments on its debt are well covered by EBIT (19.9x coverage).
Inventory Level: NZK has a high level of physical assets or inventory.
Debt Coverage by Assets: NZK's debt is covered by short term assets (assets are 6.4x debt).
What is New Zealand King Salmon Investments's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: NZK's dividend (2.49%) isn’t notable compared to the bottom 25% of dividend payers in the NZ market (2.87%).
High Dividend: NZK's dividend (2.49%) is low compared to the top 25% of dividend payers in the NZ market (5.52%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, NZK has been paying a dividend for less than 10 years.
Growing Dividend: NZK's dividend payments have increased, but the company has only paid a dividend for 3 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (61%), NZK's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: NZK's dividends in 3 years are forecast to be covered by earnings (52.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Grant Rosewarne 0
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 ...
|MD, CEO & Director||0yrs||NZ$523.29k||1.2% NZ$3.3m|
|Independent Non-Executive Director||11.4yrs||NZ$74.25k||0.36% NZ$1.0m|
|Independent Non- Executive Chairman||4.1yrs||NZ$112.25k||1.56% NZ$4.4m|
|Non Executive Director||0.8yrs||NZ$15.00k||no data|
|Independent Non-Executive Director||11.4yrs||NZ$75.00k||0.57% NZ$1.6m|
|Non-Executive Director||11.4yrs||NZ$63.00k||0.27% NZ$748.6k|
|Non-Executive & Non-Independent Director||0.7yrs||NZ$1.94k||no data|
Experienced Board: NZK's board of directors are considered experienced (4.1 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.
New Zealand King Salmon Investments Limited's company bio, employee growth, exchange listings and data sources
- 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$279.361m
- Shares outstanding: 138.99m
- Website: https://www.kingsalmon.co.nz
Number of Employees
- New Zealand King Salmon Investments Limited
- 93 Beatty Street
- New Zealand
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|NZK||ASX (Australian Securities Exchange)||Yes||Ordinary Shares||AU||AUD||Oct 2016|
|NZK||NZSE (New Zealand Stock Exchange)||Yes||Ordinary Shares||NZ||NZD||Oct 2016|
|NZK||CHIA (Chi-X Australia)||Yes||Ordinary Shares||AU||AUD||Oct 2016|
New Zealand King Salmon Investments Limited, together with its subsidiaries, engages in the farming, processing, and sale of premium salmon products. The company operates through three segments: New Zealand Retail, New Zealand Foodservice, and Export. It offers whole fresh fish, pre-cut fillets, portions, and wood roasted and cold smoked products. The company sells its products to chefs, retailers, and wholesalers under the Ora King, Regal, Southern Ocean, Big Catch Salmon Burley, and Omega Plus brands, as well as the New Zealand King Salmon label. It serves customers in New Zealand, China, North America, Australia, Japan, Europe, and internationally. The company was incorporated in 2008 and is headquartered in Nelson, New Zealand. New Zealand King Salmon Investments Limited is a subsidiary of Oregon Group Limited.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/26 10:54|
|End of Day Share Price||2020/02/26 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.