NZSE:NZK

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New Zealand King Salmon Investments

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


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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-3.5%

NZK

1.2%

NZ Food

0.5%

NZ Market


1 Year Return

-28.3%

NZK

6.5%

NZ Food

8.6%

NZ Market

Return vs Industry: NZK underperformed the NZ Food industry which returned 6.5% over the past year.

Return vs Market: NZK underperformed the NZ Market which returned 8.6% over the past year.


Shareholder returns

NZKIndustryMarket
7 Day-3.5%1.2%0.5%
30 Day-2.9%-7.1%6.4%
90 Day-10.8%-13.7%8.3%
1 Year-27.4%-28.3%7.4%6.5%13.1%8.6%
3 Year-22.6%-27.3%9.6%5.3%48.5%29.0%
5 Yearn/a127.3%91.1%101.5%52.4%

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?

12.74x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: NZK (NZ$1.65) is trading above our estimate of fair value (NZ$0.94)

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 (12.7x) compared to the NZ Food industry average (13.8x).

PE vs Market: NZK is good value based on its PE Ratio (12.7x) compared to the NZ market (23.8x).


Price to Earnings Growth Ratio

PEG Ratio: NZK is poor value based on its PEG Ratio (1.4x)


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?

9.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NZK's forecast earnings growth (9.2% per year) is above the savings rate (2.6%).

Earnings vs Market: NZK's earnings (9.2% per year) are forecast to grow slower than the NZ market (11.3% 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 (5.5% 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%).


Next Steps

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 15.8%.


Return on Equity

High ROE: NZK's Return on Equity (9.8%) is considered low.


Next Steps

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


Next Steps

Dividend

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

2.75%

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?

4.3yrs

Average board tenure


CEO

Grant Rosewarne

11.75yrs

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

NamePositionTenureCompensationOwnership
Grantley Rosewarne
MD, CEO & Executive Director11.75yrsNZ$523.29k2.67%
NZ$ 6.1m
John William Ryder
Independent Non- Executive Chairman4.75yrsNZ$120.00k2.99%
NZ$ 6.9m
Po Sing Lai
Non Executive Director1.42yrsNZ$60.00kno data
Paul Steere
Independent Non-Executive Director12.08yrsNZ$79.57k0.89%
NZ$ 2.0m
Jack Porus
Non-Executive Director12.08yrsNZ$64.50k0.27%
NZ$ 614.5k
Yong Tiong Chiong
Non-Executive & Non-Independent Director1.33yrsNZ$64.50kno data
Catriona MacLeod
Independent Non-Executive Director0.67yrNZ$23.39kno data

4.3yrs

Average Tenure

Experienced Board: NZK's board of directors are considered experienced (4.3 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

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$229.326m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NZKASX (Australian Securities Exchange)YesOrdinary SharesAUAUDOct 2016
NZKNZSE (New Zealand Stock Exchange)YesOrdinary SharesNZNZDOct 2016
NZKCHIA (Chi-X Australia)YesOrdinary SharesAUAUDOct 2016
NZKS.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDOct 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/26 10:41
End of Day Share Price2020/10/23 00:00
Earnings2020/06/30
Annual Earnings2020/06/30


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.