Scales
Scales Corporation Limited engages in the agribusiness activities in New Zealand. The last earnings update was 118 days ago. More info.
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SCL Share Price and Events
7 Day Returns
1 Year Returns
SCL Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Scales (SCL) | -2.5% | 1.1% | -2.5% | 0.9% | 61.4% | - |
| NZ Food | -2.1% | -7% | -2.3% | -3.7% | 68.9% | 69.5% |
| NZ Market | 1.9% | 1.2% | 6.9% | 9.4% | 32.8% | 53.3% |
1 Year Return vs Industry and Market
- SCL outperformed the Food industry which returned -3.7% over the past year.
- SCL underperformed the Market in New Zealand which returned 9.4% over the past year.
Value
Is Scales undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Scales
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Scales.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 3 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 7.1% |
| Perpetual Growth Rate | 10-Year NZ Government Bond Rate | 2.4% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year NZ Govt Bond Rate | 2.4% |
| Equity Risk Premium | S&P Global | 6% |
| Food Unlevered Beta | Simply Wall St/ S&P Global | 0.55 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.545 (1 + (1- 28%) (10.82%)) |
0.724 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.8 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.37% + (0.8 * 5.96%) |
7.14% |
Discounted Cash Flow Calculation for NZSE:SCL using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Scales is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (NZD, Millions) | Source |
Present Value Discounted (@ 7.14%) |
|
|---|---|---|---|
| 2019 | 25.00 | Analyst x1 | 23.33 |
| 2020 | 29.00 | Analyst x1 | 25.26 |
| 2021 | 32.00 | Analyst x1 | 26.02 |
| 2022 | 34.43 | Est @ 7.6% | 26.13 |
| 2023 | 36.51 | Est @ 6.03% | 25.86 |
| 2024 | 38.31 | Est @ 4.93% | 25.33 |
| 2025 | 39.91 | Est @ 4.16% | 24.63 |
| 2026 | 41.35 | Est @ 3.63% | 23.82 |
| 2027 | 42.70 | Est @ 3.25% | 22.96 |
| 2028 | 43.97 | Est @ 2.99% | 22.07 |
| Present value of next 10 years cash flows | NZ$245.42 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= NZ$43.97 × (1 + 2.37%) ÷ (7.14% – 2.37%) |
NZ$944.06 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= NZ$944.06 ÷ (1 + 7.14%)10 |
NZ$473.77 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= NZ$245.42 + NZ$473.77 |
NZ$719.18 |
| Equity Value per Share (NZD) |
= Total value / Shares Outstanding
= NZ$719.18 / 141.36 |
NZ$5.09 |
| Calculation | Result | |
|---|---|---|
| Value per share (NZD) | From above. | NZ$5.09 |
| Current discount | Discount to share price of
NZ$4.68
= -1 x (NZ$4.68 - NZ$5.09) / NZ$5.09 |
8% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Scales's share price is below the future cash flow value, but not at a moderate discount (< 20%).
- Scales's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Scales's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Scales's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in NZD | NZ$0.20 |
| NZSE:SCL Share Price ** | NZSE (2019-06-25) in NZD | NZ$4.68 |
| New Zealand Food Industry PE Ratio | Median Figure of 11 Publicly-Listed Food Companies | 23.47x |
| New Zealand Market PE Ratio | Median Figure of 89 Publicly-Listed Companies | 17.87x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Scales.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NZSE:SCL Share Price ÷ EPS (both in NZD) = 4.68 ÷ 0.20 |
22.88x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Scales is good value based on earnings compared to the NZ Food industry average.
- Scales is overvalued based on earnings compared to the New Zealand market.
Price based on expected Growth
Does
Scales's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 22.88x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts |
9.1%per year |
| New Zealand Food Industry PEG Ratio | Median Figure of 7 Publicly-Listed Food Companies | 1.19x |
| New Zealand Market PEG Ratio | Median Figure of 64 Publicly-Listed Companies | 1.34x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 22.88x ÷ 9.1% |
2.52x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Scales is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Scales's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in NZD | NZ$1.75 |
| NZSE:SCL Share Price * | NZSE (2019-06-25) in NZD | NZ$4.68 |
| New Zealand Food Industry PB Ratio | Median Figure of 13 Publicly-Listed Food Companies | 1.08x |
| New Zealand Market PB Ratio | Median Figure of 128 Publicly-Listed Companies | 1.57x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NZSE:SCL Share Price ÷ Book Value per Share (both in NZD) = 4.68 ÷ 1.75 |
2.68x |
* Primary Listing of Scales.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Scales is overvalued based on assets compared to the NZ Food industry average.
Value checks
We assess Scales's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Food industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Food industry average (and greater than 0)? (1 check) Scales has a total score of 1/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
How is Scales expected to perform in the next 1 to 3 years based on estimates from 3 analysts?
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Scales's earnings growth is expected to exceed the low risk savings rate of 2.4%.
Growth vs Market Checks
- Scales's earnings growth is expected to exceed the New Zealand market average.
- Scales's revenue growth is expected to exceed the New Zealand market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NZSE:SCL Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts | 9.1% |
| NZSE:SCL Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts | 5.1% |
| New Zealand Food Industry Earnings Growth Rate | Market Cap Weighted Average | 15.5% |
| New Zealand Food Industry Revenue Growth Rate | Market Cap Weighted Average | 15.3% |
| New Zealand Market Earnings Growth Rate | Market Cap Weighted Average | 6.4% |
| New Zealand Market Revenue Growth Rate | Market Cap Weighted Average | 4.2% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (5 months ago) | See Below |
| Future Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
| Date (Data in NZD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 477 | 50 | 38 | 3 |
| 2020-12-31 | 461 | 48 | 35 | 3 |
| 2019-12-31 | 446 | 41 | 32 | 3 |
| Date (Data in NZD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 403 | 37 | 29 |
| 2018-06-30 | 443 | 34 | 36 |
| 2018-03-31 | 421 | 33 | 34 |
| 2017-12-31 | 336 | 32 | 24 |
| 2017-09-30 | 338 | 35 | 26 |
| 2017-06-30 | 340 | 38 | 28 |
| 2017-03-31 | 357 | 39 | 33 |
| 2016-12-31 | 374 | 41 | 38 |
| 2016-09-30 | 362 | 40 | 37 |
| 2016-06-30 | 350 | 39 | 37 |
| 2016-03-31 | 326 | 44 | 36 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (5 months ago) | See Below |
| Future Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
All data from Scales Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in NZD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 0.27 | 0.29 | 0.25 | 3.00 |
| 2020-12-31 | 0.25 | 0.27 | 0.23 | 3.00 |
| 2019-12-31 | 0.23 | 0.25 | 0.20 | 3.00 |
| Date (Data in NZD Millions) | EPS * |
|---|---|
| 2018-12-31 | 0.20 |
| 2018-06-30 | 0.26 |
| 2018-03-31 | 0.24 |
| 2017-12-31 | 0.17 |
| 2017-09-30 | 0.19 |
| 2017-06-30 | 0.21 |
| 2017-03-31 | 0.24 |
| 2016-12-31 | 0.27 |
| 2016-09-30 | 0.27 |
| 2016-06-30 | 0.26 |
| 2016-03-31 | 0.26 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Scales's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the New Zealand market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the New Zealand market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Scales has a total score of 3/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has Scales performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Scales's year on year earnings growth rate has been positive over the past 5 years.
- Scales's 1-year earnings growth exceeds its 5-year average (18.6% vs 10.6%)
- Scales's earnings growth has exceeded the NZ Food industry average in the past year (18.6% vs 9.5%).
Earnings and Revenue History
All data from Scales Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in NZD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 402.54 | 28.61 | 40.51 | |
| 2018-06-30 | 443.41 | 36.13 | 52.41 | |
| 2018-03-31 | 421.26 | 33.73 | 52.14 | |
| 2017-12-31 | 335.53 | 24.12 | 34.29 | |
| 2017-09-30 | 337.87 | 26.29 | 37.35 | |
| 2017-06-30 | 340.22 | 28.46 | 40.41 | |
| 2017-03-31 | 357.07 | 33.12 | 45.30 | |
| 2016-12-31 | 373.93 | 37.77 | 50.20 | |
| 2016-09-30 | 361.83 | 37.24 | 52.39 | |
| 2016-06-30 | 349.74 | 36.71 | 54.59 | |
| 2016-03-31 | 325.58 | 36.30 | 51.54 | |
| 2015-12-31 | 301.41 | 35.89 | 48.49 | |
| 2015-09-30 | 287.81 | 33.21 | 46.80 | |
| 2015-06-30 | 274.21 | 30.52 | 45.12 | |
| 2015-03-31 | 268.73 | 24.30 | 44.14 | |
| 2014-12-31 | 263.26 | 18.08 | 43.16 | |
| 2014-09-30 | 270.19 | 16.77 | 42.72 | |
| 2014-06-30 | 277.11 | 15.47 | 42.28 | |
| 2014-03-31 | 274.66 | 17.52 | 41.27 | |
| 2013-12-31 | 272.22 | 19.56 | 40.25 | |
| 2012-12-31 | 228.89 | 13.62 | 110.15 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Scales has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Scales used its assets more efficiently than the NZ Food industry average last year based on Return on Assets.
- Scales's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Scales's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Food industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Scales has a total score of 4/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is Scales's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Scales's finances.
The net worth of a company is the difference between its assets and liabilities.
- Scales is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Scales's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 2.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Scales Company Filings, last reported 5 months ago.
| Date (Data in NZD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 249.87 | 73.10 | 2.79 |
| 2018-06-30 | 237.53 | 82.25 | 1.84 |
| 2018-03-31 | 237.53 | 82.25 | 1.84 |
| 2017-12-31 | 221.92 | 47.71 | 5.69 |
| 2017-09-30 | 221.92 | 47.71 | 5.69 |
| 2017-06-30 | 234.66 | 85.16 | 15.12 |
| 2017-03-31 | 234.66 | 85.16 | 15.12 |
| 2016-12-31 | 214.59 | 42.20 | 6.36 |
| 2016-09-30 | 214.59 | 42.20 | 6.36 |
| 2016-06-30 | 191.35 | 60.83 | 15.73 |
| 2016-03-31 | 191.35 | 60.83 | 15.73 |
| 2015-12-31 | 157.99 | 31.14 | 13.83 |
| 2015-09-30 | 157.99 | 31.14 | 13.83 |
| 2015-06-30 | 156.23 | 60.46 | 13.85 |
| 2015-03-31 | 156.23 | 60.46 | 13.85 |
| 2014-12-31 | 146.33 | 41.42 | 0.99 |
| 2014-09-30 | 146.33 | 41.42 | 0.99 |
| 2014-06-30 | 139.77 | 82.68 | 14.59 |
| 2014-03-31 | 139.77 | 82.68 | 14.59 |
| 2013-12-31 | 175.31 | 60.29 | 4.48 |
| 2012-12-31 | 157.07 | 74.33 | 0.18 |
- Scales's level of debt (29.3%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (34.6% vs 29.3% today).
- Debt is well covered by operating cash flow (50%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 18.2x coverage).
Financial health checks
We assess Scales's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Scales has a total score of 6/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is Scales's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
NZ$2,000 of
Scales
shares you are expected to receive
NZ$79
in your first year as a dividend.
Dividend Amount
- Scales's pays a higher dividend yield than the bottom 25% of dividend payers in New Zealand (3.14%).
- Scales's dividend is below the markets top 25% of dividend payers in New Zealand (5.79%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
| New Zealand Food Industry Average Dividend Yield | Market Cap Weighted Average of 7 Stocks | 3.5% |
| New Zealand Market Average Dividend Yield | Market Cap Weighted Average of 73 Stocks | 3.7% |
| New Zealand Minimum Threshold Dividend Yield | 10th Percentile | 2.3% |
| New Zealand Bottom 25% Dividend Yield | 25th Percentile | 3.1% |
| New Zealand Top 25% Dividend Yield | 75th Percentile | 5.8% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in NZ$) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-12-31 | 0.21 | 3.00 |
| 2020-12-31 | 0.20 | 3.00 |
| 2019-12-31 | 0.20 | 3.00 |
| Date (Data in NZ$) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2018-08-28 | 0.185 | 3.953 |
| 2018-02-28 | 0.180 | 3.880 |
| 2017-05-02 | 0.200 | 5.287 |
| 2016-12-05 | 0.145 | 4.251 |
| 2016-08-25 | 0.130 | 4.054 |
| 2016-02-25 | 0.130 | 4.257 |
| 2015-03-27 | 0.100 | 5.120 |
| 2015-02-26 | 0.100 | 6.498 |
| 2014-08-29 | 0.000 | 0.000 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Whilst dividend payments have been stable, Scales has been paying a dividend for less than 10 years.
- Dividend payments have increased, but Scales only paid a dividend in the past 4 years.
Income/ dividend checks
We assess Scales's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 2.3%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Scales afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Scales has a total score of 2/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | NZ$0 |
CEO Bio
Mr. Andrew James Borland, also known as Andy, has been the Chief Executive Officer of Scales Corporation Limited since joining in September 2007 and has been its Managing Director since 2011. Mr. Borland serves as an Executive Director of Scales Corporation Limited. Mr. Borland held a 20 year career in banking, with his final role being Head of Corporate at Westpac in New Zealand. He had an 18 year involvement with Central Otago deer and beef cattle breeding and fattening farming company Loganbrae Limited. From September 2007 to June 2010, he was engaged to provide management services to Southbury Group, the entities owned by it and New Zealand Wool Services International Limited. Mr. Borland serves as the Chairman of Akaroa Salmon Limited, Primary Collaboration New Zealand Limited and Primary Collaboration New Zealand (Shanghai) Co Limited. He has been a Director of Rabobank Australia Limited since November 2, 2016 and served as a Director of Coöperatieve Rabobank U.A., New Zealand Branch since November 2, 2016. He has been an Independent Non-Executive Director at Rabobank New Zealand Limited since November 2016. He serves as Director of Pipfruit New Zealand Incorporated and George H Investments Limited. He has been a Director of Rabo Australia Limited since November 2, 2016. Mr. Borland served as a Director of Southbury Group Limited until June 2009, Tyrone Estates Limited, Belfast Park Limited and Braebrook Properties Limited. He graduated from Lincoln University with a Bachelor of Agricultural Commerce degree.
CEO Compensation
- Andy's compensation has been consistent with company performance over the past year, both up more than 20%.
- Andy's remuneration is lower than average for companies of similar size in New Zealand.
Management Team Tenure
Average tenure of the Scales management team in years:
- The average tenure for the Scales management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Andy Borland
CEO, MD & Executive Director
Steve Kennelly
Chief Financial Officer
Karen Morrish
Group Health & Safety
2.4 yrs
Hamish Davis
Managing Director - Fern Ridge
11.4 yrs
Andrew van Workum
Chief Executive Officer of Mr Apple
Kent Ritchie
Chief Executive Officer of Scales Logistics
John Sainsbury
Chief Executive Officer of Meateor Foods
4.3 yrs
Brett Frankel
President - Shelby Foods
12.4 yrs
Board of Directors Tenure
Average tenure of the Scales board of directors in years:
- The tenure for the Scales board of directors is about average.
Board of Directors
Tim Goodacre
Non Executive Independent Chair
NZ$103K
2 yrs
Andy Borland
CEO, MD & Executive Director
Mark Hutton
Non Executive Independent Director
NZ$81K
8.4 yrs
Alan Isaac
Non Executive Independent Director
NZ$92K
5 yrs
Nick Harris
Non Executive Independent Director
NZ$72K
5 yrs
Tomakin Lai
Non Executive Director
51
0.4 yrs
Nadine Tunley
Non-Executive Independent Director
0.3 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (NZ$) | Value (NZ$) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Scales's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Scales has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
A Look At Scales Corporation Limited's (NZSE:SCL) Exceptional Fundamentals
By this I mean, I look at stocks holistically, from their financial health to their future outlook. … In the case of Scales Corporation Limited (NZSE:SCL), it is a company with great financial health as well as a a great track record of performance. … Take a look at our free research report of analyst consensus for SCL’s outlook.
Simply Wall St - – Full articleWhy Scales Corporation Limited (NZSE:SCL) Looks Like A Quality Company
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … That means that for every NZ$1 worth of shareholders' equity, it generated NZ$0.12 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleWhat Kind Of Shareholder Owns Most Scales Corporation Limited (NZSE:SCL) Stock?
Scales is a smaller company with a market capitalization of NZ$706m, so it may still be flying under the radar of many institutional investors. … Taking a look at our data on the ownership groups (below), it's seems that. … institutional investors have bought into the company.
Simply Wall St - – Full articleScales Corporation Limited (NZSE:SCL) Earns A Nice Return On Capital Employed
Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … What is Return On Capital Employed (ROCE)? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.
Simply Wall St - – Full articleIs Scales Corporation Limited's (NZSE:SCL) P/E Ratio Really That Good?
We'll look at Scales Corporation Limited's (NZSE:SCL) P/E ratio and reflect on what it tells us about the company's share price. … Based on the last twelve months, Scales's P/E ratio is 24.45. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleScales Corporation Limited (NZSE:SCL): What Are The Future Prospects?
Since Scales Corporation Limited (NZSE:SCL) released its earnings in December 2018,. … with earnings expected to grow by 1.8% in the upcoming year … the higher past 5-year average growth rate of 11%
Simply Wall St - – Full articleShould You Buy Scales Corporation Limited (NZSE:SCL) For Its 3.9% Dividend?
In the last few years Scales Corporation Limited (NZSE:SCL) has paid a dividend to shareholders. … Let's dig deeper into whether Scales should have a place in your portfolio. … See our latest analysis for Scales
Simply Wall St - – Full articleDid You Miss Scales's (NZSE:SCL) 94% Share Price Gain?
For example, Scales Corporation Limited (NZSE:SCL) shareholders have seen the share price rise 94% over three years, well in excess of the market return (25%, not including dividends). … During the three years of share price growth, Scales actually saw its earnings per share (EPS) drop 7.3% per year. … It may well be that Scales revenue growth rate of 8.9% over three years has convinced shareholders to believe in a brighter future.
Simply Wall St - – Full articleShould Scales Corporation Limited's (NZSE:SCL) Recent Earnings Decline Worry You?
For long-term investors, assessing earnings trend over time and against industry benchmarks is more beneficial than examining a single earnings announcement at a point in time. … SCL's trailing twelve-month earnings (from 31 December 2018) of NZ$29m has. … Furthermore, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 10%, indicating the rate at which SCL is growing has slowed down
Simply Wall St - – Full articleDoes The Data Make Scales Corporation Limited (NZSE:SCL) An Attractive Investment?
Help shape the future of investing tools and receive a $20 prize! … Scales Corporation Limited (NZSE:SCL) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective.
Simply Wall St - – Full articleCompany Info
Description
Scales Corporation Limited engages in the agribusiness activities in New Zealand. The company operates through Food Ingredients, Horticulture, and Logistics segments. The Food Ingredients segment processes and markets pet food ingredients for the pet food industry. This segment also manufactures and sells apple, kiwifruit, and pear juice concentrates. The Horticulture segment is involved in growing, packaging, marketing, and exporting apples under the Mr Apple, Dazzle, Posy, and Fern Ridge Fresh brand names. The Logistics segment provides supply chain services for exporters, importers, and FMCG businesses. This segment operates cold storage facilities and bulk liquid storage facilities in Napier and Timaru; and engages in the sea and air freight of produce. The company also provides insurance services. Scales Corporation Limited was founded in 1897 and is based in Christchurch, New Zealand.
Details
| Name: | Scales Corporation Limited |
| SCL | |
| Exchange: | NZSE |
| Founded: | 1897 |
| NZ$675,724,475 | |
| 141,364,953 | |
| Website: | http://scalescorporation.co.nz |
| Address: |
Scales Corporation Limited 52 Cashel Street, Christchurch, 8013, New Zealand |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NZSE | SCL | Ordinary Shares | New Zealand Stock Exchange | NZ | NZD | 25. Jul 2014 | |
| DB | S05 | Ordinary Shares | Deutsche Boerse AG | DE | EUR | 25. Jul 2014 |
Number of employees
Current staff
Industry
| Packaged Foods and Meats | |
| Food, Beverage & Tobacco |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/06/25 10:38 |
| End of day share price update: | 2019/06/25 00:00 |
| Last estimates confirmation: | 2019/05/20 |
| Last earnings filing: | 2019/02/27 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
