Upcoming Dividend • Apr 23
Upcoming dividend of NZ$0.012 per share Eligible shareholders must have bought the stock before 30 April 2026. Payment date: 15 May 2026. Payout ratio is a comfortable 26% but the company is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of New Zealander dividend payers (6.1%). Lower than average of industry peers (5.2%). New Risk • Mar 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of New Zealander stocks, typically moving 5.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 25% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (5.4% average weekly change). Declared Dividend • Feb 26
Dividend of NZ$0.012 announced Shareholders will receive a dividend of NZ$0.012. Ex-date: 30th April 2026 Payment date: 15th May 2026 Dividend yield will be 1.5%, which is lower than the industry average of 3.9%. Sustainability & Growth Dividend is covered by earnings (63% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to decline by 30% to shift the payout ratio to a potentially unsustainable range, which is more than the 19% EPS decline seen over the last 5 years. Announcement • Feb 25
CDL Investments New Zealand Limited announces Annual dividend, payable on May 15, 2026 CDL Investments New Zealand Limited announced Annual dividend of NZD 0.0100 per share payable on May 15, 2026, ex-date on April 30, 2026 and record date on May 01, 2026. Reported Earnings • Feb 25
Full year 2025 earnings released: EPS: NZ$0.038 (vs NZ$0.053 in FY 2024) Full year 2025 results: EPS: NZ$0.038 (down from NZ$0.053 in FY 2024). Revenue: NZ$38.1m (down 22% from FY 2024). Net income: NZ$11.1m (down 28% from FY 2024). Profit margin: 29% (down from 31% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Feb 24
CDL Investments New Zealand Limited, Annual General Meeting, May 26, 2026 CDL Investments New Zealand Limited, Annual General Meeting, May 26, 2026. Reported Earnings • Aug 14
First half 2025 earnings released: EPS: NZ$0.012 (vs NZ$0.009 in 1H 2024) First half 2025 results: EPS: NZ$0.012 (up from NZ$0.009 in 1H 2024). Revenue: NZ$13.8m (down 17% from 1H 2024). Net income: NZ$3.57m (up 30% from 1H 2024). Profit margin: 26% (up from 17% in 1H 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. New Risk • Jul 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of New Zealander stocks, typically moving 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 20% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.0% average weekly change). Upcoming Dividend • Apr 24
Upcoming dividend of NZ$0.041 per share Eligible shareholders must have bought the stock before 01 May 2025. Payment date: 16 May 2025. Payout ratio is a comfortable 66% but the company is not cash flow positive. Trailing yield: 4.5%. Lower than top quartile of New Zealander dividend payers (6.6%). Higher than average of industry peers (3.8%). Declared Dividend • Feb 26
Dividend of NZ$0.041 announced Shareholders will receive a dividend of NZ$0.041. Ex-date: 1st May 2025 Payment date: 16th May 2025 Dividend yield will be 5.3%, which is higher than the industry average of 3.9%. Sustainability & Growth Dividend is not adequately covered by earnings (91% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 1.1% to bring the payout ratio under control. However, EPS has declined by 16% over the last 5 years so the company would need to reverse this trend. Announcement • Feb 25
CDL Investments New Zealand Limited announces Annual dividend, payable on May 16, 2025 CDL Investments New Zealand Limited announced Annual dividend of NZD 0.0350 per share payable on May 16, 2025, ex-date on May 01, 2025 and record date on May 02, 2025. Reported Earnings • Feb 25
Full year 2024 earnings released: EPS: NZ$0.053 (vs NZ$0.046 in FY 2023) Full year 2024 results: EPS: NZ$0.053 (up from NZ$0.046 in FY 2023). Revenue: NZ$49.1m (up 59% from FY 2023). Net income: NZ$15.4m (up 14% from FY 2023). Profit margin: 31% (down from 44% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Announcement • Feb 24
CDL Investments New Zealand Limited, Annual General Meeting, May 30, 2025 CDL Investments New Zealand Limited, Annual General Meeting, May 30, 2025. New Risk • Feb 23
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 91% Paying a dividend despite having no free cash flows. Earnings have declined by 14% per year over the past 5 years. Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Buy Or Sell Opportunity • Feb 10
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 1.3% to NZ$0.77. The fair value is estimated to be NZ$0.63, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 46% over the last 3 years. Earnings per share has declined by 41%. Buy Or Sell Opportunity • Jan 13
Now 21% overvalued The stock has been flat over the last 90 days, currently trading at NZ$0.78. The fair value is estimated to be NZ$0.65, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 46% over the last 3 years. Earnings per share has declined by 41%. Buy Or Sell Opportunity • Dec 04
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 1.3% to NZ$0.80. The fair value is estimated to be NZ$0.65, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 46% over the last 3 years. Earnings per share has declined by 41%. Buy Or Sell Opportunity • Nov 07
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 1.4% to NZ$0.75. The fair value is estimated to be NZ$0.62, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 46% over the last 3 years. Earnings per share has declined by 41%. Board Change • Nov 04
Less than half of directors are independent Following Director Janie Elrick's arrival on 01 November 2024, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Desleigh Jameson was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 23
CDL Investments New Zealand Limited Appoints Janie Elrick to Its Board Effective from 1 November 2024 CDL Investments New Zealand Limited announced that it has appointed Janie Elrick to its Board effective from 1 November 2024. Janie has been the Chief Financial Officer of Downer NZ, Steel & Tube, Livestock Improvement Corporation, Synlait and Zespri. She is currently a director of Crown Irrigation Investments Limited and also of Inframax Construction Ltd. and Community Living Trust where her financial expertise, professionalism and strong ethics are respected by their respective Chairs. She is a Chartered Accountant and a member of the NZ and Australia Institute of Chartered Accountants. Buy Or Sell Opportunity • Oct 04
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 2.1% to NZ$0.74. The fair value is estimated to be NZ$0.62, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 46% over the last 3 years. Earnings per share has declined by 41%. Buy Or Sell Opportunity • Sep 16
Now 27% overvalued after recent price rise Over the last 90 days, the stock has risen 5.3% to NZ$0.79. The fair value is estimated to be NZ$0.62, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 46% over the last 3 years. Earnings per share has declined by 41%. Buy Or Sell Opportunity • Aug 14
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 6.3% to NZ$0.76. The fair value is estimated to be NZ$0.63, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 46% over the last 3 years. Earnings per share has declined by 41%. Reported Earnings • Aug 13
First half 2024 earnings released: EPS: NZ$0.009 (vs NZ$0.017 in 1H 2023) First half 2024 results: EPS: NZ$0.009 (down from NZ$0.017 in 1H 2023). Revenue: NZ$16.6m (up 39% from 1H 2023). Net income: NZ$2.74m (down 45% from 1H 2023). Profit margin: 17% (down from 42% in 1H 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • May 30
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 1.5% to NZ$0.69. The fair value is estimated to be NZ$0.58, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 37% over the last 3 years. Earnings per share has declined by 28%. Buy Or Sell Opportunity • May 13
Now 22% overvalued Over the last 90 days, the stock has fallen 10% to NZ$0.70. The fair value is estimated to be NZ$0.58, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 37% over the last 3 years. Earnings per share has declined by 28%. Upcoming Dividend • Apr 25
Upcoming dividend of NZ$0.041 per share Eligible shareholders must have bought the stock before 02 May 2024. Payment date: 17 May 2024. Payout ratio is on the higher end at 75% but the company is not cash flow positive. Trailing yield: 4.5%. Lower than top quartile of New Zealander dividend payers (7.0%). Higher than average of industry peers (3.0%). Declared Dividend • Feb 28
Dividend of NZ$0.041 announced Shareholders will receive a dividend of NZ$0.041. Ex-date: 2nd May 2024 Payment date: 17th May 2024 Dividend yield will be 5.8%, which is higher than the industry average of 3.9%. Sustainability & Growth Dividend is covered by earnings (76% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to decline by 16% to shift the payout ratio to a potentially unsustainable range, which is less than the 17% EPS decline seen over the last 5 years. Reported Earnings • Feb 28
Full year 2023 earnings released: EPS: NZ$0.046 (vs NZ$0.11 in FY 2022) Full year 2023 results: EPS: NZ$0.046 (down from NZ$0.11 in FY 2022). Revenue: NZ$30.8m (down 54% from FY 2022). Net income: NZ$13.5m (down 57% from FY 2022). Profit margin: 44% (down from 47% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. New Risk • Feb 24
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 4.5% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Dividend is not well covered by cash flows (350% cash payout ratio). Buy Or Sell Opportunity • Feb 23
Now 21% overvalued Over the last 90 days, the stock has fallen 13% to NZ$0.68. The fair value is estimated to be NZ$0.56, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 22% over the last 3 years. Earnings per share has declined by 14%. New Risk • Oct 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of New Zealander stocks, typically moving 5.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 4.5% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (350% cash payout ratio). Share price has been volatile over the past 3 months (5.1% average weekly change). Reported Earnings • Aug 10
First half 2023 earnings released: EPS: NZ$0.017 (vs NZ$0.079 in 1H 2022) First half 2023 results: EPS: NZ$0.017 (down from NZ$0.079 in 1H 2022). Revenue: NZ$11.8m (down 75% from 1H 2022). Net income: NZ$5.02m (down 78% from 1H 2022). Profit margin: 42% (down from 48% in 1H 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • May 24
CDL Investments New Zealand Limited Appoints Jason Adams as Director CDL Investments New Zealand Limited at its Annual Meeting of Shareholders held on 23 May 2023, elected Jason Adams as a director. Upcoming Dividend • Apr 20
Upcoming dividend of NZ$0.041 per share at 4.3% yield Eligible shareholders must have bought the stock before 27 April 2023. Payment date: 12 May 2023. Payout ratio is a comfortable 32% and the cash payout ratio is 77%. Trailing yield: 4.3%. Lower than top quartile of New Zealander dividend payers (6.5%). In line with average of industry peers (4.4%). Reported Earnings • Feb 18
Full year 2022 earnings released: EPS: NZ$0.11 (vs NZ$0.11 in FY 2021) Full year 2022 results: EPS: NZ$0.11 (down from NZ$0.11 in FY 2021). Revenue: NZ$67.1m (down 27% from FY 2021). Net income: NZ$31.2m (flat on FY 2021). Profit margin: 47% (up from 34% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 6% per year. Reported Earnings • Aug 15
First half 2022 earnings released: EPS: NZ$0.079 (vs NZ$0.073 in 1H 2021) First half 2022 results: EPS: NZ$0.079 (up from NZ$0.073 in 1H 2021). Revenue: NZ$47.6m (down 22% from 1H 2021). Net income: NZ$22.9m (up 10% from 1H 2021). Profit margin: 48% (up from 34% in 1H 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 8% per year. Announcement • Apr 26
CDL Investments New Zealand Limited, Annual General Meeting, May 24, 2022 CDL Investments New Zealand Limited, Annual General Meeting, May 24, 2022, at 10:00 NZST - New Zealand Standard. Location: Copthorne Hotel 150 Anzac Avenue Auckland City New Zealand Agenda: To consider re-election of John Henderson as director; to consider auditor's remuneration; and to transact such other business issues. Upcoming Dividend • Apr 21
Upcoming dividend of NZ$0.041 per share Eligible shareholders must have bought the stock before 28 April 2022. Payment date: 13 May 2022. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of New Zealander dividend payers (5.3%). Higher than average of industry peers (2.2%). Reported Earnings • Feb 20
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: NZ$0.11 (up from NZ$0.11 in FY 2020). Revenue: NZ$91.9m (up 3.7% from FY 2020). Net income: NZ$31.3m (up 3.9% from FY 2020). Profit margin: 34% (in line with FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 19
CDL Investments New Zealand Limited Declares Dividend, Payable on May 13, 2022 CDL Investments New Zealand Limited Board resolved to maintain its dividend at 3.5 cents per share fully imputed which would be paid to shareholders on May 13, 2022. The Record Date would be April 29, 2022 and the Dividend Reinvestment Plan would apply. Announcement • Feb 04
CDL Investments New Zealand Ordinary Shares to Be Deleted from Other OTC CDL Investments New Zealand Limited Ordinary Shares (New Zealand) will be deleted from Other OTC effective from February 04, 2022, due to Inactive Security. Reported Earnings • Aug 03
First half 2021 earnings released: EPS NZ$0.073 (vs NZ$0.049 in 1H 2020) The company reported a solid first half result with improved earnings and revenues, although profit margins were flat. First half 2021 results: Revenue: NZ$61.2m (up 50% from 1H 2020). Net income: NZ$20.8m (up 51% from 1H 2020). Profit margin: 34% (in line with 1H 2020). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Executive Departure • Jun 04
Independent Non-Executive Director Roy Austin has left the company On the 25th of May, Roy Austin's tenure as Independent Non-Executive Director ended after 6.1 years in the role. We don't have any record of a personal shareholding under Roy's name. Roy is the only executive to leave the company over the last 12 months. Upcoming Dividend • Apr 22
Upcoming dividend of NZ$0.041 per share Eligible shareholders must have bought the stock before 29 April 2021. Payment date: 14 May 2021. Trailing yield: 3.1%. Lower than top quartile of New Zealander dividend payers (4.6%). Higher than average of industry peers (1.9%). Reported Earnings • Mar 21
Full year 2020 earnings released: EPS NZ$0.11 (vs NZ$0.12 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NZ$88.6m (down 3.2% from FY 2019). Net income: NZ$30.1m (down 12% from FY 2019). Profit margin: 34% (down from 37% in FY 2019). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • Mar 19
CDL Investments New Zealand Limited Annual Dividend; Payable on 14 May 2021 CDL Investments New Zealand Limited The Board has resolved to maintain its fully imputed ordinary dividend at 3.5 cents per share payable on 14 May 2021. The amount reflects the profit result achieved in 2020 but will also allow the company to retain earnings to acquire additional land during the course of this year. The record date will be 30 April 2021. The Dividend Reinvestment Plan will apply to this dividend. Reported Earnings • Feb 19
Full year 2020 earnings released: EPS NZ$0.11 (vs NZ$0.12 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NZ$88.6m (down 3.2% from FY 2019). Net income: NZ$30.1m (down 12% from FY 2019). Profit margin: 34% (down from 37% in FY 2019). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Jan 05
New 90-day high: NZ$1.08 The company is up 38% from its price of NZ$0.78 on 07 October 2020. The New Zealander market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 1.0% over the same period. Is New 90 Day High Low • Dec 10
New 90-day high: NZ$0.94 The company is up 18% from its price of NZ$0.80 on 11 September 2020. The New Zealander market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is down 6.0% over the same period. Is New 90 Day High Low • Nov 12
New 90-day high: NZ$0.85 The company is up 8.0% from its price of NZ$0.79 on 14 August 2020. The New Zealander market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 12% over the same period.