NPT Limited operates as a property company. More Details
Moderate growth potential and overvalued.
Share Price & News
How has Asset Plus's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: APL is more volatile than 75% of NZ stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: APL's weekly volatility (6%) has been stable over the past year, but is still higher than 75% of NZ stocks.
7 Day Return
1 Year Return
Return vs Industry: APL underperformed the NZ REITs industry which returned 5.2% over the past year.
Return vs Market: APL underperformed the NZ Market which returned 9% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Asset Plus's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall StAsset Plus' (NZSE:APL) Shareholders Are Down 53% On Their Shares
5 months ago | Simply Wall StHow Much Of Asset Plus Limited (NZSE:APL) Do Institutions Own?
7 months ago | Simply Wall StIf You Had Bought Asset Plus (NZSE:APL) Stock Five Years Ago, You'd Be Sitting On A 46% Loss, Today
Is Asset Plus undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: APL (NZ$0.33) is trading above our estimate of fair value (NZ$0.27)
Significantly Below Fair Value: APL is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: APL is unprofitable, so we can't compare its PE Ratio to the NZ REITs industry average.
PE vs Market: APL 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 APL's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: APL is good value based on its PB Ratio (0.6x) compared to the NZ REITs industry average (1.2x).
How is Asset Plus forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: APL is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.6%).
Earnings vs Market: APL is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: APL's is expected to become profitable in the next 3 years.
Revenue vs Market: APL's revenue is expected to decline over the next 3 years (-9.3% per year).
High Growth Revenue: APL's revenue is forecast to decline over the next 3 years (-9.3% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: APL's Return on Equity is forecast to be low in 3 years time (4.2%).
How has Asset Plus performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: APL is currently unprofitable.
Growing Profit Margin: APL is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: APL is unprofitable, and losses have increased over the past 5 years at a rate of 45.6% per year.
Accelerating Growth: Unable to compare APL's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: APL is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (-25.8%).
Return on Equity
High ROE: APL has a negative Return on Equity (-16%), as it is currently unprofitable.
How is Asset Plus's financial position?
Financial Position Analysis
Short Term Liabilities: APL's short term assets (NZ$1.5M) do not cover its short term liabilities (NZ$2.7M).
Long Term Liabilities: APL's short term assets (NZ$1.5M) do not cover its long term liabilities (NZ$50.6M).
Debt to Equity History and Analysis
Debt Level: APL's debt to equity ratio (53.7%) is considered high.
Reducing Debt: APL's debt to equity ratio has increased from 35.8% to 53.7% over the past 5 years.
Debt Coverage: APL's debt is not well covered by operating cash flow (12%).
Interest Coverage: APL is unprofitable, therefore interest payments are not well covered by earnings.
What is Asset Plus's current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate APL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate APL'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 APL's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if APL's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: APL is not paying a notable dividend for the NZ market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of APL's dividend in 3 years as they are not forecast to pay a notable one for the NZ market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Asset Plus has no CEO, or we have no data on them.
|Chief Financial Officer||2.42yrs||no data||no data|
|General Counsel & Company Secretary||2.42yrs||no data||no data|
|Development Manager||no data||no data||no data|
|General Manager of Property||no data||no data||no data|
|Managing Director of Augusta Capital||2.58yrs||no data||0.39% |
|Asset Manager||2.42yrs||no data||no data|
|Property Development Manager||2.42yrs||no data||no data|
|Chief Operations Officer of Augusta Capital||2.25yrs||no data||no data|
|Consultant||9.58yrs||no data||no data|
|Retril Leasing & Marketing Manager||no data||no data||no data|
|Investment Manager||no data||no data||no data|
|Property Manager Commercial||no data||no data||no data|
Experienced Management: APL's management team is considered experienced (2.4 years average tenure).
|Non-Executive Director||3.58yrs||no data||no data|
|Non-Executive Independent Director||5.5yrs||no data||0.027% |
|Non-Executive Independent Director||3.58yrs||no data||no data|
|Independent Non-Executive Chairman||3.58yrs||no data||no data|
Experienced Board: APL's board of directors are considered experienced (3.6 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 been substantially diluted in the past year, with total shares outstanding growing by 124%.
Asset Plus Limited's company bio, employee growth, exchange listings and data sources
- Name: Asset Plus Limited
- Ticker: APL
- Exchange: NZSE
- Founded: 1994
- Industry: Diversified REITs
- Sector: Real Estate
- Market Cap: NZ$121.510m
- Shares outstanding: 362.72m
- Website: https://www.assetplusnz.co.nz
- Asset Plus Limited
- Bayleys House
- Level 2
- New Zealand
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|APL||NZSE (New Zealand Stock Exchange)||Yes||Common Shares||NZ||NZD||Jan 1997|
NPT Limited operates as a property company. It invests in retail, commercial, and industrial properties located in Auckland, Wellington, Napier, and Christchurch. The company was formerly known as The Nati...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/11/23 10:37|
|End of Day Share Price||2020/11/23 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.