Kiwi Property (NZX: KPG) is one of the largest listed property companies on the New Zealand Stock Exchange and is a member of the S&P/NZX 20 Index.
Price History & Performance
|Historical stock prices|
|Current Share Price||NZ$1.15|
|52 Week High||NZ$1.12|
|52 Week Low||NZ$1.34|
|1 Month Change||-4.56%|
|3 Month Change||-1.71%|
|1 Year Change||-4.56%|
|3 Year Change||-14.82%|
|5 Year Change||-21.23%|
|Change since IPO||-0.86%|
Recent News & Updates
|KPG||NZ REITs||NZ Market|
Return vs Industry: KPG underperformed the NZ REITs industry which returned -0.6% over the past year.
Return vs Market: KPG underperformed the NZ Market which returned 2.2% over the past year.
Stable Share Price: KPG is not significantly more volatile than the rest of NZ stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: KPG's weekly volatility (3%) has been stable over the past year.
About the Company
Kiwi Property (NZX: KPG) is one of the largest listed property companies on the New Zealand Stock Exchange and is a member of the S&P/NZX 20 Index. We’ve been around for over 25 years and proudly own, and manage a significant real estate portfolio, comprising some of New Zealand’s best mixed-use, retail and office buildings. Our objective is to provide investors with a reliable investment in New Zealand property through the ownership and active management of a diversified, high-quality portfolio.
Kiwi Property Group Fundamentals Summary
|KPG fundamental statistics|
Is KPG overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|KPG income statement (TTM)|
|Cost of Revenue||NZ$58.86m|
Last Reported Earnings
Mar 31, 2021
Next Earnings Date
|Earnings per share (EPS)||0.13|
|Net Profit Margin||83.99%|
How did KPG perform over the long term?See historical performance and comparison
Is Kiwi Property Group 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: KPG (NZ$1.15) is trading below our estimate of fair value (NZ$1.4)
Significantly Below Fair Value: KPG is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: KPG is poor value based on its PE Ratio (9.2x) compared to the NZ REITs industry average (5.6x).
PE vs Market: KPG is good value based on its PE Ratio (9.2x) compared to the NZ market (22.5x).
Price to Earnings Growth Ratio
PEG Ratio: KPG's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: KPG is good value based on its PB Ratio (0.8x) compared to the NZ REITs industry average (1.1x).
How is Kiwi Property Group forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: KPG's earnings are forecast to decline over the next 3 years (-8.5% per year).
Earnings vs Market: KPG's earnings are forecast to decline over the next 3 years (-8.5% per year).
High Growth Earnings: KPG's earnings are forecast to decline over the next 3 years.
Revenue vs Market: KPG's revenue is expected to decline over the next 3 years (-5.1% per year).
High Growth Revenue: KPG's revenue is forecast to decline over the next 3 years (-5.1% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: KPG's Return on Equity is forecast to be low in 3 years time (4.5%).
How has Kiwi Property Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: KPG has a large one-off gain of NZ$99.8M impacting its March 31 2021 financial results.
Growing Profit Margin: KPG became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: KPG's earnings have declined by 39.9% per year over the past 5 years.
Accelerating Growth: KPG has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: KPG has become profitable in the last year, making it difficult to compare its past year earnings growth to the REITs industry (267.1%).
Return on Equity
High ROE: KPG's Return on Equity (9.2%) is considered low.
How is Kiwi Property Group's financial position?
Financial Position Analysis
Short Term Liabilities: KPG's short term assets (NZ$384.1M) exceed its short term liabilities (NZ$190.3M).
Long Term Liabilities: KPG's short term assets (NZ$384.1M) do not cover its long term liabilities (NZ$1.0B).
Debt to Equity History and Analysis
Debt Level: KPG's debt to equity ratio (50.1%) is considered high.
Reducing Debt: KPG's debt to equity ratio has increased from 49% to 50.1% over the past 5 years.
Debt Coverage: KPG's debt is not well covered by operating cash flow (10%).
Interest Coverage: KPG's interest payments on its debt are well covered by EBIT (4.3x coverage).
What is Kiwi Property Group current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate KPG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate KPG's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if KPG's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if KPG's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: KPG is not paying a notable dividend for the NZ market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of KPG's dividend in 3 years as they are not forecast to pay a notable one for the NZ market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Clive Mackenzie serves as Chief Executive Officer of Kiwi Property Group Limited since July 16, 2018. He has extensive experience in retail and mixed-use property development in New Zealand and the Uni...
CEO Compensation Analysis
Compensation vs Market: Clive's total compensation ($USD876.37K) is about average for companies of similar size in the NZ market ($USD1.16M).
Compensation vs Earnings: Clive's compensation has been consistent with company performance over the past year.
Experienced Management: KPG's management team is considered experienced (3.3 years average tenure).
Experienced Board: KPG's board of directors are considered experienced (5.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: KPG 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.
Kiwi Property Group Limited's employee growth, exchange listings and data sources
- Name: Kiwi Property Group Limited
- Ticker: KPG
- Exchange: NZSE
- Founded: 1992
- Industry: Retail REITs
- Sector: Real Estate
- Market Cap: NZ$1.806b
- Shares outstanding: 1.57b
- Website: https://www.kp.co.nz
Number of Employees
- Kiwi Property Group Limited
- Level 7, Vero Centre
- 48 Shortland Street
- New Zealand
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/18 06:01|
|End of Day Share Price||2021/10/18 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.