Stride Stapled Group
Market Cap
NZ$1.0b
Last Updated
2021/03/05 06:01 UTC
Data Sources
Company Financials +
Executive Summary
Stride Stapled Group is a real estate investment firm specializing in co-investments and investments in commercial, retail, and industrial real estate properties. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 0.9% per year for the next 3 years
Snowflake Analysis
Adequate balance sheet second-rate dividend payer.
Share Price & News
How has Stride Stapled Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SPG is less volatile than 75% of NZ stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: SPG's weekly volatility (2%) has been stable over the past year.
Market Performance
7 Day Return
-3.1%
SPG
-0.8%
NZ REITs
0.5%
NZ Market
1 Year Return
-0.9%
SPG
-7.1%
NZ REITs
5.6%
NZ Market
Return vs Industry: SPG exceeded the NZ REITs industry which returned -7.1% over the past year.
Return vs Market: SPG underperformed the NZ Market which returned 5.6% over the past year.
Shareholder returns
| SPG | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.1% | -0.8% | 0.5% |
| 30 Day | -7.6% | -5.6% | -6.1% |
| 90 Day | -1.8% | -4.6% | -2.1% |
| 1 Year | 3.4%-0.9% | -3.9%-7.1% | 9.3%5.6% |
| 3 Year | 51.6%28.7% | 50.3%31.8% | 45.6%27.5% |
| 5 Year | n/a | 64.7%30.8% | 87.2%43.1% |
Long-Term Price Volatility Vs. Market
How volatile is Stride Stapled Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Stride Stapled Group's (NZSE:SPG) Stock Financial Prospects Look Bleak: Should Shareholders Be Prepared For A Share Price Correction?1 month ago | Simply Wall St
How Should Investors React To Stride Stapled Group's (NZSE:SPG) CEO Pay?3 months ago | Simply Wall St
News Flash: Analysts Just Made A Notable Upgrade To Their Stride Stapled Group (NZSE:SPG) ForecastsValuation
Is Stride Stapled Group undervalued compared to its fair value and its price relative to the market?
16.1x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: SPG (NZ$2.2) is trading above our estimate of fair value (NZ$0.91)
Significantly Below Fair Value: SPG is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: SPG is poor value based on its PE Ratio (16.1x) compared to the NZ REITs industry average (14.1x).
PE vs Market: SPG is good value based on its PE Ratio (16.1x) compared to the NZ market (23.7x).
Price to Earnings Growth Ratio
PEG Ratio: SPG's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: SPG's PB Ratio (1.1x) is in line with the NZ REITs industry average.
Next Steps
Future Growth
How is Stride Stapled Group forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
-0.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SPG's earnings are forecast to decline over the next 3 years (-0.9% per year).
Earnings vs Market: SPG's earnings are forecast to decline over the next 3 years (-0.9% per year).
High Growth Earnings: SPG's earnings are forecast to decline over the next 3 years.
Revenue vs Market: SPG's revenue is expected to decline over the next 3 years (-13.9% per year).
High Growth Revenue: SPG's revenue is forecast to decline over the next 3 years (-13.9% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SPG's Return on Equity is forecast to be low in 3 years time (5.6%).
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Past Performance
How has Stride Stapled Group performed over the past 5 years?
-10.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SPG has high quality earnings.
Growing Profit Margin: SPG's current net profit margins (42.3%) are lower than last year (65.6%).
Past Earnings Growth Analysis
Earnings Trend: SPG's earnings have declined by 10.3% per year over the past 5 years.
Accelerating Growth: SPG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SPG had negative earnings growth (-20.4%) over the past year, making it difficult to compare to the REITs industry average (-20.4%).
Return on Equity
High ROE: SPG's Return on Equity (6.8%) is considered low.
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Financial Health
How is Stride Stapled Group's financial position?
Financial Position Analysis
Short Term Liabilities: SPG's short term assets (NZ$22.7M) exceed its short term liabilities (NZ$22.5M).
Long Term Liabilities: SPG's short term assets (NZ$22.7M) do not cover its long term liabilities (NZ$246.5M).
Debt to Equity History and Analysis
Debt Level: SPG's debt to equity ratio (29.3%) is considered satisfactory.
Reducing Debt: SPG's debt to equity ratio has reduced from 68.7% to 29.3% over the past 5 years.
Debt Coverage: SPG's debt is not well covered by operating cash flow (9.3%).
Interest Coverage: SPG's interest payments on its debt are well covered by EBIT (5.7x coverage).
Balance Sheet
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Dividend
What is Stride Stapled Group current dividend yield, its reliability and sustainability?
4.50%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: SPG's dividend (4.5%) is higher than the bottom 25% of dividend payers in the NZ market (2.56%).
High Dividend: SPG's dividend (4.5%) is in the top 25% of dividend payers in the NZ market (4.39%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, SPG has been paying a dividend for less than 10 years.
Growing Dividend: SPG has only been paying a dividend for 4 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (181.7%), SPG's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SPG's dividends in 3 years are forecast to be covered by earnings (92.3% payout ratio).
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Management
How experienced are the management team and are they aligned to shareholders interests?
6.7yrs
Average board tenure
CEO
Philip Littlewood
3.75yrs
Tenure
NZ$937,747
Compensation
Mr. Philip Littlewood, BProp, BCom, MBA, has been Chief Executive Officer of Stride Stapled Group since June 27, 2017. Mr. Littlewood serves Chief Executive Officer of Stride Investment Management Limited ...
CEO Compensation Analysis
Compensation vs Market: Philip's total compensation ($USD680.86K) is about average for companies of similar size in the NZ market ($USD694.05K).
Compensation vs Earnings: Philip's compensation has been consistent with company performance over the past year.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Director | 1.67yrs | NZ$66.95k | 0.014% NZ$ 143.7k | |
| Independent Director | no data | NZ$93.50k | 0.0021% NZ$ 22.0k | |
| Independent Chairman | 11.92yrs | NZ$162.29k | 0.058% NZ$ 611.0k | |
| Independent Director | 11.5yrs | NZ$105.25k | 0.056% NZ$ 585.2k | |
| Independent Director | 6.67yrs | NZ$93.50k | no data | |
| Independent Director | 2yrs | NZ$93.50k | 0.0022% NZ$ 23.2k |
6.7yrs
Average Tenure
Experienced Board: SPG's board of directors are considered experienced (6.7 years average tenure).
Ownership
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
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 29.4%.
Top Shareholders
Company Information
Stride Stapled Group's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Stride Stapled Group
- Ticker: SPG
- Exchange: NZSE
- Founded: 2003
- Industry: Diversified REITs
- Sector: Real Estate
- Market Cap: NZ$1.045b
- Shares outstanding: 472.83m
- Website: https://www.strideproperty.co.nz
Location
- Stride Stapled Group
- 34 Shortland Street
- Level 12
- Auckland
- 1010
- New Zealand
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SPG | NZSE (New Zealand Stock Exchange) | Yes | Stapled Securities | NZ | NZD | Jul 2016 |
Biography
Stride Stapled Group is a real estate investment firm specializing in co-investments and investments in commercial, retail, and industrial real estate properties. Investment properties comprise of freehold...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/05 06:01 |
| End of Day Share Price | 2021/03/05 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2020/03/31 |
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.