NZME Limited, together with its subsidiaries, operates as an integrated media and entertainment company in New Zealand.
Price History & Performance
|Historical stock prices|
|Current Share Price||NZ$1.12|
|52 Week High||NZ$0.58|
|52 Week Low||NZ$1.18|
|1 Month Change||17.90%|
|3 Month Change||10.89%|
|1 Year Change||77.78%|
|3 Year Change||83.61%|
|5 Year Change||67.16%|
|Change since IPO||40.00%|
Recent News & Updates
Returns Are Gaining Momentum At NZME (NZSE:NZM)
What trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...
Is Now The Time To Look At Buying NZME Limited (NZSE:NZM)?
While NZME Limited ( NZSE:NZM ) might not be the most widely known stock at the moment, it saw a double-digit share...
NZME (NZSE:NZM) Is Looking To Continue Growing Its Returns On Capital
What trends should we look for it we want to identify stocks that can multiply in value over the long term? Amongst...
|NZM||NZ Media||NZ Market|
Return vs Industry: NZM exceeded the NZ Media industry which returned 37.5% over the past year.
Return vs Market: NZM exceeded the NZ Market which returned 2.4% over the past year.
Stable Share Price: NZM is not significantly more volatile than the rest of NZ stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: NZM's weekly volatility (5%) has been stable over the past year.
About the Company
NZME Limited, together with its subsidiaries, operates as an integrated media and entertainment company in New Zealand. It offers its products through 32 print publications, 9 radio channels, and 19 real estate publications, as well as websites. The company was formerly known as Wilson & Horton Limited.
NZME Fundamentals Summary
|NZM fundamental statistics|
Is NZM overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|NZM income statement (TTM)|
|Cost of Revenue||NZ$271.72m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.086|
|Net Profit Margin||4.94%|
How did NZM perform over the long term?See historical performance and comparison
5.4%Current Dividend Yield
Is NZME undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: NZM (NZ$1.12) is trading below our estimate of fair value (NZ$2.73)
Significantly Below Fair Value: NZM is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: NZM is good value based on its PE Ratio (13x) compared to the Oceanic Media industry average (13.2x).
PE vs Market: NZM is good value based on its PE Ratio (13x) compared to the NZ market (22.2x).
Price to Earnings Growth Ratio
PEG Ratio: NZM is poor value based on its PEG Ratio (1.8x)
Price to Book Ratio
PB vs Industry: NZM is good value based on its PB Ratio (1.6x) compared to the XO Media industry average (1.9x).
How is NZME forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NZM's forecast earnings growth (7.1% per year) is above the savings rate (2.1%).
Earnings vs Market: NZM's earnings (7.1% per year) are forecast to grow slower than the NZ market (9.3% per year).
High Growth Earnings: NZM's earnings are forecast to grow, but not significantly.
Revenue vs Market: NZM's revenue is expected to decline over the next 3 years (-0.6% per year).
High Growth Revenue: NZM's revenue is forecast to decline over the next 3 years (-0.6% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NZM's Return on Equity is forecast to be low in 3 years time (17%).
How has NZME performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NZM has a large one-off loss of NZ$6.7M impacting its June 30 2021 financial results.
Growing Profit Margin: NZM became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: NZM has become profitable over the past 5 years, growing earnings by -8.9% per year.
Accelerating Growth: NZM has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: NZM has become profitable in the last year, making it difficult to compare its past year earnings growth to the Media industry (28.9%).
Return on Equity
High ROE: NZM's Return on Equity (12.1%) is considered low.
How is NZME's financial position?
Financial Position Analysis
Short Term Liabilities: NZM's short term assets (NZ$57.9M) do not cover its short term liabilities (NZ$63.5M).
Long Term Liabilities: NZM's short term assets (NZ$57.9M) do not cover its long term liabilities (NZ$119.8M).
Debt to Equity History and Analysis
Debt Level: NZM's debt to equity ratio (21.3%) is considered satisfactory.
Reducing Debt: NZM's debt to equity ratio has reduced from 40.1% to 21.3% over the past 5 years.
Debt Coverage: NZM's debt is well covered by operating cash flow (173.3%).
Interest Coverage: NZM's interest payments on its debt are well covered by EBIT (4.7x coverage).
What is NZME current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NZM's dividend (5.36%) is higher than the bottom 25% of dividend payers in the NZ market (2.41%).
High Dividend: NZM's dividend (5.36%) is in the top 25% of dividend payers in the NZ market (4.86%)
Stability and Growth of Payments
Stable Dividend: NZM has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: NZM has only been paying a dividend for 5 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (34.9%), NZM's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: NZM's dividends in 3 years are forecast to be well covered by earnings (49.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Michael Raymond Boggs, CA had been the Chief Executive Officer of NZME Limited at HT&E Limited (Formerly known as APN News & Media Limited) since March 2016. Mr. Boggs served as the Chief Financial Off...
CEO Compensation Analysis
Compensation vs Market: Michael's total compensation ($USD1.28M) is above average for companies of similar size in the NZ market ($USD529.11K).
Compensation vs Earnings: Michael's compensation has been consistent with company performance over the past year.
Experienced Management: NZM's management team is considered experienced (2.8 years average tenure).
Experienced Board: NZM's board of directors are considered experienced (3.3 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.
NZME Limited's employee growth, exchange listings and data sources
- Name: NZME Limited
- Ticker: NZM
- Exchange: NZSE
- Founded: 2014
- Industry: Publishing
- Sector: Media
- Market Cap: NZ$221.278m
- Shares outstanding: 197.57m
- Website: https://www.nzme.co.nz
- NZME Limited
- 2 Graham Street
- New Zealand
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/22 15:32|
|End of Day Share Price||2021/10/22 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.