Market Cap
NZ$148.2m
Last Updated
2021/01/15 06:01 UTC
Data Sources
Company Financials +
Executive Summary
NZME Limited, together with its subsidiaries, operates as an integrated media and entertainment company in New Zealand. More Details
Rewards
Risk Analysis
Snowflake Analysis
Mediocre balance sheet with moderate growth potential.
Similar Companies
Share Price & News
How has NZME's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: NZM is more volatile than 75% of NZ stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: NZM's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of NZ stocks.
Market Performance
7 Day Return
4.2%
NZM
-0.8%
NZ Media
-3.0%
NZ Market
1 Year Return
97.4%
NZM
-30.9%
NZ Media
9.1%
NZ Market
Return vs Industry: NZM exceeded the NZ Media industry which returned -30.9% over the past year.
Return vs Market: NZM exceeded the NZ Market which returned 9.1% over the past year.
Shareholder returns
| NZM | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.2% | -0.8% | -3.0% |
| 30 Day | 17.2% | 2.2% | 3.8% |
| 90 Day | 29.3% | 19.5% | 8.1% |
| 1 Year | 97.4%97.4% | -14.2%-30.9% | 13.2%9.1% |
| 3 Year | 0.5%-10.7% | -23.3%-52.1% | 54.9%34.3% |
| 5 Year | n/a | -14.0%-57.7% | 111.7%60.7% |
Long-Term Price Volatility Vs. Market
How volatile is NZME's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall St
How Much Is NZME's (NZSE:NZM) CEO Getting Paid?1 month ago | Simply Wall St
Here's What NZME Limited's (NZSE:NZM) Shareholder Ownership Structure Looks Like2 months ago | Simply Wall St
Does NZME (NZSE:NZM) Have The Makings Of A Multi-Bagger?Valuation
Is NZME undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: NZM (NZ$0.75) is trading below our estimate of fair value (NZ$6.53)
Significantly Below Fair Value: NZM is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: NZM is unprofitable, so we can't compare its PE Ratio to the XO Media industry average.
PE vs Market: NZM is unprofitable, so we can't compare its PE Ratio to the NZ market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate NZM's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: NZM's PB Ratio (1.2x) is in line with the XO Media industry average.
Next Steps
Future Growth
How is NZME forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
107.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NZM is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.3%).
Earnings vs Market: NZM is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: NZM's is expected to become profitable in the next 3 years.
Revenue vs Market: NZM's revenue (1.4% per year) is forecast to grow slower than the NZ market (4.8% per year).
High Growth Revenue: NZM's revenue (1.4% per year) is forecast to grow slower than 20% 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 (15.5%).
Next Steps
Past Performance
How has NZME performed over the past 5 years?
-26.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NZM is currently unprofitable.
Growing Profit Margin: NZM is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: NZM is unprofitable, and losses have increased over the past 5 years at a rate of 26.5% per year.
Accelerating Growth: Unable to compare NZM's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: NZM is unprofitable, making it difficult to compare its past year earnings growth to the Media industry (-3.5%).
Return on Equity
High ROE: NZM has a negative Return on Equity (-137.01%), as it is currently unprofitable.
Next Steps
Financial Health
How is NZME's financial position?
Financial Position Analysis
Short Term Liabilities: NZM's short term assets (NZ$65.8M) exceed its short term liabilities (NZ$58.6M).
Long Term Liabilities: NZM's short term assets (NZ$65.8M) do not cover its long term liabilities (NZ$160.9M).
Debt to Equity History and Analysis
Debt Level: NZM's debt to equity ratio (67.4%) is considered high.
Reducing Debt: NZM's debt to equity ratio has increased from 34.5% to 67.4% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable NZM has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: NZM is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 24.7% per year.
Next Steps
Dividend
What is NZME current dividend yield, its reliability and sustainability?
6.00%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate NZM's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate NZM'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 NZM's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if NZM's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: NZM is not paying a notable dividend for the NZ market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of NZM'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?
2.1yrs
Average management tenure
CEO
Michael Boggs
4.83yrs
Tenure
NZ$1,034,907
Compensation
Mr. Michael Raymond Boggs, CA had been the Chief Executive Officer of NZME Limited at HT&E Limited (Formerly known as APN News & Media Limited) since March 2016. Mr. Boggs served as the Chief Financial Off...
CEO Compensation Analysis
Compensation vs Market: Michael's total compensation ($USD746.42K) is above average for companies of similar size in the NZ market ($USD244.59K).
Compensation vs Earnings: Michael's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | 4.83yrs | NZ$1.03m | 0.55% NZ$ 809.9k | |
| Chief Financial Officer | 1.83yrs | no data | no data | |
| Chief Operating Officer | 4.08yrs | no data | no data | |
| Investor Relations Manager | no data | no data | no data | |
| General Counsel & Company Secretary | no data | no data | no data | |
| General Manager of Communications | no data | no data | no data | |
| Chief Marketing Officer | 2.08yrs | no data | no data | |
| Managing Editor | no data | no data | no data | |
| Chief Digital Officer | 3.42yrs | no data | no data | |
| Chief Radio & Commercial Officer | 1.17yrs | no data | no data | |
| Chief Revenue Officer | 2yrs | no data | no data |
2.1yrs
Average Tenure
Experienced Management: NZM's management team is considered experienced (2.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Director | 2.5yrs | NZ$120.00k | no data | |
| Independent Chairman | 0.58yr | NZ$130.00k | 0.037% NZ$ 54.8k | |
| Independent Director | 4.58yrs | NZ$120.00k | 0.076% NZ$ 112.5k | |
| Independent Director | 3.08yrs | NZ$130.00k | 0.025% NZ$ 37.5k |
2.8yrs
Average Tenure
Experienced Board: NZM's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: NZM 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
NZME Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: NZME Limited
- Ticker: NZM
- Exchange: NZSE
- Founded: 2001
- Industry: Publishing
- Sector: Media
- Market Cap: NZ$148.178m
- Shares outstanding: 197.57m
- Website: https://www.nzme.co.nz
Location
- NZME Limited
- 2 Graham Street
- Auckland
- 1010
- New Zealand
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| NZM | NZSE (New Zealand Stock Exchange) | Yes | Ordinary Shares | NZ | NZD | Jun 2016 |
| NZM | ASX (Australian Securities Exchange) | Yes | Ordinary Shares | AU | AUD | Jun 2016 |
| NZM | CHIA (Chi-X Australia) | Yes | Ordinary Shares | AU | AUD | Jun 2016 |
| NZME.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jun 2016 |
Biography
NZME Limited, together with its subsidiaries, operates as an integrated media and entertainment company in New Zealand. It offers its products through 39 print publications and 9 radio channels. The compan...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/15 06:01 |
| End of Day Share Price | 2021/01/15 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.