New Zealand King Salmon Investments
Market Cap
NZ$225.2m
Last Updated
2021/01/17 06:02 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
Risk Analysis
No risks detected for NZK from our risk checks.
Snowflake Analysis
Solid track record with excellent 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 +/- 4% a week.
Volatility Over Time: NZK's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
0.6%
NZK
-2.7%
NZ Food
-4.0%
NZ Market
1 Year Return
-24.7%
NZK
-16.5%
NZ Food
7.9%
NZ Market
Return vs Industry: NZK underperformed the NZ Food industry which returned -16.5% over the past year.
Return vs Market: NZK underperformed the NZ Market which returned 7.9% over the past year.
Shareholder returns
| NZK | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.6% | -2.7% | -4.0% |
| 30 Day | -1.8% | -10.9% | 2.4% |
| 90 Day | -5.3% | -14.3% | 7.4% |
| 1 Year | -23.7%-24.7% | -15.8%-16.5% | 11.9%7.9% |
| 3 Year | -26.5%-31.1% | -9.1%-12.6% | 53.6%33.2% |
| 5 Year | n/a | 64.0%39.9% | 109.4%58.7% |
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
5 days ago | Simply Wall St
Will Weakness in New Zealand King Salmon Investments Limited's (NZSE:NZK) Stock Prove Temporary Given Strong Fundamentals?3 weeks ago | Simply Wall St
How Much Of New Zealand King Salmon Investments Limited (NZSE:NZK) Do Insiders Own?Valuation
Is New Zealand King Salmon Investments undervalued compared to its fair value and its price relative to the market?
12.51x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: NZK (NZ$1.62) is trading above our estimate of fair value (NZ$1.07)
Significantly Below Fair Value: NZK is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: NZK is good value based on its PE Ratio (12.5x) compared to the NZ Food industry average (13.5x).
PE vs Market: NZK is good value based on its PE Ratio (12.5x) compared to the NZ market (25.1x).
Price to Earnings Growth Ratio
PEG Ratio: NZK is poor value based on its PEG Ratio (1.3x)
Price to Book Ratio
PB vs Industry: NZK's PB Ratio (1.2x) is in line with the NZ Food industry average.
Next Steps
Future Growth
How is New Zealand King Salmon Investments forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
9.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NZK's forecast earnings growth (9.5% per year) is above the savings rate (2.3%).
Earnings vs Market: NZK's earnings (9.5% per year) are forecast to grow slower than the NZ market (11.2% per year).
High Growth Earnings: NZK's earnings are forecast to grow, but not significantly.
Revenue vs Market: NZK's revenue (11.1% per year) is forecast to grow faster than the NZ market (4.9% per year).
High Growth Revenue: NZK's revenue (11.1% 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 (8.6%).
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Past Performance
How has New Zealand King Salmon Investments performed over the past 5 years?
13.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NZK has high quality earnings.
Growing Profit Margin: NZK's current net profit margins (11.6%) are higher than last year (6.6%).
Past Earnings Growth Analysis
Earnings Trend: NZK's earnings have grown by 13.2% per year over the past 5 years.
Accelerating Growth: NZK's earnings growth over the past year (58.2%) exceeds its 5-year average (13.2% per year).
Earnings vs Industry: NZK earnings growth over the past year (58.2%) exceeded the Food industry 11.6%.
Return on Equity
High ROE: NZK's Return on Equity (9.8%) is considered low.
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Financial Health
How is New Zealand King Salmon Investments's financial position?
Financial Position Analysis
Short Term Liabilities: NZK's short term assets (NZ$138.2M) exceed its short term liabilities (NZ$28.1M).
Long Term Liabilities: NZK's short term assets (NZ$138.2M) exceed its long term liabilities (NZ$61.8M).
Debt to Equity History and Analysis
Debt Level: NZK's debt to equity ratio (21.6%) is considered satisfactory.
Reducing Debt: NZK's debt to equity ratio has reduced from 251.1% to 21.6% over the past 5 years.
Debt Coverage: NZK's debt is not well covered by operating cash flow (10.6%).
Interest Coverage: NZK's interest payments on its debt are well covered by EBIT (19.5x coverage).
Balance Sheet
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Dividend
What is New Zealand King Salmon Investments's current dividend yield, its reliability and sustainability?
2.76%
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?
4.5yrs
Average board tenure
CEO
Grant Rosewarne
12yrs
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD, CEO & Executive Director | 12yrs | NZ$523.29k | 2.05% NZ$ 4.6m | |
| Independent Non-Executive Chairman | 5yrs | NZ$120.00k | 2.99% NZ$ 6.7m | |
| Non Executive Director | 1.67yrs | NZ$60.00k | no data | |
| Independent Non-Executive Director | 12.33yrs | NZ$79.57k | 0.89% NZ$ 2.0m | |
| Non-Executive Director | 12.33yrs | NZ$64.50k | 0.27% NZ$ 603.4k | |
| Non-Executive & Non-Independent Director | 1.58yrs | NZ$64.50k | no data | |
| Independent Non-Executive Director | 0.92yr | NZ$23.39k | no data |
4.5yrs
Average Tenure
Experienced Board: NZK's board of directors are considered experienced (4.5 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$225.157m
- Shares outstanding: 138.99m
- 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
| 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 |
| NZKS.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Oct 2016 |
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/17 06:02 |
| End of Day Share Price | 2021/01/15 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2020/06/30 |
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.