Tower Future Growth

Future criteria checks 4/6

Tower is forecast to grow earnings and revenue by 24.3% and 16.2% per annum respectively. EPS is expected to grow by 26.1% per annum. Return on equity is forecast to be 16.3% in 3 years.

Key information

24.3%

Earnings growth rate

26.1%

EPS growth rate

Insurance earnings growth	6.5%
Revenue growth rate	16.2%
Future return on equity	16.3%
Analyst coverage	Low
Last updated	29 May 2024

Recent future growth updates

Recent updates

Market Still Lacking Some Conviction On Tower Limited (NZSE:TWR)

Apr 16

Should Shareholders Reconsider Tower Limited's (NZSE:TWR) CEO Compensation Package?

Feb 21

Trade Alert: The Chief Executive Officer Of Tower Limited (NZSE:TWR), Blair Turnbull, Has Just Spent NZ$71k Buying 58% More Shares

Mar 03

Do Institutions Own Tower Limited (NZSE:TWR) Shares?

Feb 17

Tower's(NZSE:TWR) Share Price Is Down 61% Over The Past Five Years.

Jan 24

Has Tower Limited's (NZSE:TWR) Impressive Stock Performance Got Anything to Do With Its Fundamentals?

Dec 30

Have Insiders Been Buying Tower Limited (NZSE:TWR) Shares This Year?

Dec 09

Earnings and Revenue Growth Forecasts

NZSE:TWR - Analysts future estimates and past financials data (NZD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
9/30/2026	713	74	N/A	100	2
9/30/2025	641	55	N/A	100	2
9/30/2024	559	55	N/A	138	2
3/31/2024	461	35	6	26	N/A
12/31/2023	334	22	-3	19	N/A
9/30/2023	412	2	-14	10	N/A
6/30/2023	400	5	5	31	N/A
3/31/2023	392	8	24	53	N/A
12/31/2022	376	13	30	56	N/A
9/30/2022	355	17	37	60	N/A
3/31/2022	338	10	48	66	N/A
12/31/2021	337	14	60	82	N/A
9/30/2021	335	18	72	98	N/A
6/30/2021	337	12	61	83	N/A
3/31/2021	333	7	50	69	N/A
12/31/2020	330	9	25	43	N/A
9/30/2020	327	11	-1	16	N/A
6/30/2020	323	15	-10	16	N/A
3/31/2020	319	19	-18	15	N/A
12/31/2019	311	18	-16	20	N/A
9/30/2019	303	17	-13	25	N/A
6/30/2019	297	16	-13	24	N/A
3/31/2019	292	16	-14	24	N/A
12/31/2018	287	5	-12	17	N/A
9/30/2018	282	-7	-10	10	N/A
6/30/2018	278	-9	-12	0	N/A
3/31/2018	274	-12	-14	-9	N/A
12/31/2017	271	-10	N/A	-21	N/A
9/30/2017	268	-8	N/A	-33	N/A
6/30/2017	266	-15	N/A	-23	N/A
3/31/2017	265	-22	N/A	-14	N/A
12/31/2016	266	-22	N/A	-12	N/A
9/30/2016	266	-22	N/A	-10	N/A
6/30/2016	266	-17	N/A	-14	N/A
3/31/2016	265	-12	N/A	-17	N/A
12/31/2015	265	-10	N/A	1	N/A
9/30/2015	266	-8	N/A	18	N/A
6/30/2015	265	-1	N/A	28	N/A
3/31/2015	264	6	N/A	37	N/A
12/31/2014	259	14	N/A	35	N/A
9/30/2014	255	21	N/A	32	N/A
6/30/2014	250	20	N/A	20	N/A
3/31/2014	245	20	N/A	8	N/A
12/31/2013	241	10	N/A	-1	N/A
9/30/2013	237	0	N/A	-10	N/A
6/30/2013	214	2	N/A	15	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: TWR's forecast earnings growth (24.3% per year) is above the savings rate (2.7%).

Earnings vs Market: TWR's earnings (24.3% per year) are forecast to grow faster than the NZ market (20.1% per year).

High Growth Earnings: TWR's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: TWR's revenue (16.2% per year) is forecast to grow faster than the NZ market (5% per year).

High Growth Revenue: TWR's revenue (16.2% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: TWR's Return on Equity is forecast to be low in 3 years time (16.3%).

Tower Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

Price target increased by 18% to NZ$0.90

Consensus EPS estimates increase by 81%

Tower Limited Revises Earnings Guidance for the Fiscal Year 2024

Consensus EPS estimates fall by 17%

Tower Limited Revises Earnings Guidance for the Full Year of 2023

Consensus EPS estimates have been downgraded.

Recent updates

Price target increased by 18% to NZ$0.90

Tower Limited to Report First Half, 2024 Results on May 28, 2024

Market Still Lacking Some Conviction On Tower Limited (NZSE:TWR)

Consensus EPS estimates increase by 81%

Tower Limited Revises Earnings Guidance for the Fiscal Year 2024

Capital Insurance Group agreed to acquire TOWER Insurance (Vanuatu) Limited from Tower Limited (NZSE:TWR).

Tower Limited, Annual General Meeting, Feb 21, 2024

Consensus EPS estimates fall by 17%

New minor risk - Earnings quality

Tower Limited Announces Board Changes

Tower Limited to Report Fiscal Year 2023 Results on Nov 23, 2023

Tower Limited Revises Earnings Guidance for the Full Year of 2023

Consensus EPS estimates have been downgraded.

Price target decreased by 7.1% to NZ$0.78

First half 2023 earnings released: NZ$0.02 loss per share (vs NZ$0.007 profit in 1H 2022)

Price target decreased by 9.1% to NZ$0.80

Consensus EPS estimates fall by 49%, revenue upgraded

Tower Limited Provides Earnings Guidance for the First Half of Fiscal Year 2023

Consensus EPS estimates fall by 12%, revenue upgraded

Should Shareholders Reconsider Tower Limited's (NZSE:TWR) CEO Compensation Package?

Consensus EPS estimates fall by 15%

Tower Limited Reaffirms Earnings Guidance for the Fiscal Year 2023

Upcoming dividend of NZ$0.04 per share

Chief Executive Officer recently sold NZ$82k worth of stock

Tower Limited, Annual General Meeting, Feb 28, 2023

Full year 2022 earnings: EPS and revenues miss analyst expectations

Tower Limited Announces Dividend for the Six Months Ended September 30, 2022, Payable on February 1, 2023

Alpha Insurance Limited completed the acquisition of TOWER Insurance (PNG) Limited from Tower Limited (NZSE:TWR) for approximately AUD 10 million.

Tower Limited to Report Fiscal Year 2022 Results on Nov 23, 2022

Tower Limited Provides Dividend Guidance for the Year to 30 September 2022

Tower Limited Announces the Appointment of Geraldine McBride as a Non-Executive Director

Tower Limited Announces Interim Dividend for the Period Ended March 31, 2022, Payable on June 30, 2022

Alpha Insurance Limited agreed to acquire TOWER Insurance (PNG) Limited from Tower Limited (NZSE:TWR) for AUD 7.9 million.

Alpha Insurance Limited agreed to acquire TOWER Insurance (PNG) Limited from Tower Limited (NZSE:TWR) for AUD 7.9 million.

Upcoming dividend of NZ$0.025 per share

Tower Limited Announces Retirement of Warren Lee as Director

Tower Limited (NZSE:TWR) agreed to acquire Portfolio of insurance business of TSB Bank Limited from TSB Bank Limited for Approximately NZD 5 million.

Price target decreased to NZ$0.90

Tower Limited Provides Dividend Guidance for the Fiscal Year 2022

First half 2022 earnings released

Tower Limited Announces Dividend for Six Months Ended March 31, 2022, Payable on June 30, 2022

Insufficient new directors

Tower Limited to Report Q2, 2022 Results on May 26, 2022

Tower Limited Provides Earnings Guidance for the Year 2022

Insufficient new directors

Upcoming dividend of NZ$0.025 per share

Full year 2021 earnings: EPS and revenues miss analyst expectations

Price target decreased to NZ$1.00

Upcoming dividend of NZ$0.025 per share

First half 2021 earnings released: EPS NZ$0.027 (vs NZ$0.035 in 1H 2020)

Chief Executive Officer recently bought NZ$69k worth of stock

Tower Confirms Interim Dividend, Payable on 14 July, 2021

Consensus forecasts updated

Tower Limited to Declare an Interim Dividend

Trade Alert: The Chief Executive Officer Of Tower Limited (NZSE:TWR), Blair Turnbull, Has Just Spent NZ$71k Buying 58% More Shares

Chief Executive Officer recently bought NZ$71k worth of stock

Price target raised to NZ$1.15

Analysts update estimates

New 90-day high: NZ$0.73

Do Institutions Own Tower Limited (NZSE:TWR) Shares?

Tower's(NZSE:TWR) Share Price Is Down 61% Over The Past Five Years.

Has Tower Limited's (NZSE:TWR) Impressive Stock Performance Got Anything to Do With Its Fundamentals?

Tower Limited, Annual General Meeting, Feb 23, 2021

Have Insiders Been Buying Tower Limited (NZSE:TWR) Shares This Year?

Independent Non-Executive Director recently bought NZ$62k worth of stock

Independent Chairman recently bought NZ$120k worth of stock

Revenue and earnings miss expectations

Full year 2020 earnings released: EPS NZ$0.029

New 90-day high: NZ$0.61