Stride Stapled Group is a real estate investment firm specializing in co-investments and investments in commercial, retail, and industrial real estate properties.
Acceptable track record and slightly overvalued.
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
7 Day Return
1 Year Return
Return vs Industry: SPG underperformed the NZ REITs industry which returned 33.5% over the past year.
Return vs Market: SPG exceeded the NZ Market which returned 19.1% over the past year.
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
1 week ago | Simply Wall StWhat Type Of Shareholder Owns Stride Stapled Group's (NZSE:SPG)?
1 month ago | Simply Wall StIt Might Be Better To Avoid Stride Stapled Group's (NZSE:SPG) Upcoming 1.4% Dividend
1 month ago | Simply Wall StHow To Look At Stride Stapled Group (NZSE:SPG)
Is Stride Stapled Group undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Undervalued: SPG (NZ$2.4) is trading above our estimate of fair value (NZ$2.3)
Significantly Undervalued: SPG is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: SPG is good value based on its PE Ratio (11.5x) compared to the REITs industry average (12.6x).
PE vs Market: SPG is good value based on its PE Ratio (11.5x) compared to the NZ market (18.7x).
Price to Earnings Growth Ratio
Low 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 is overvalued based on its PB Ratio (1.2x) compared to the NZ REITs industry average (1.2x).
How is Stride Stapled Group forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
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 (-11.4% per year).
Earnings vs Market: SPG's earnings are forecast to decline over the next 3 years (-11.4% 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 (-11.5% per year).
High Growth Revenue: SPG's revenue is forecast to decline over the next 3 years (-11.5% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: SPG's Return on Equity is forecast to be low in 3 years time (5.6%).
How has Stride Stapled Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: SPG's earnings have grown by 10.1% 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%) over the past year, making it difficult to compare to the REITs industry average (18.9%).
Return on Equity
High ROE: SPG's Return on Equity (10.8%) is considered low.
Return on Assets
ROA vs Industry: SPG has a higher Return on Assets than the REITs industry average last year.
Return on Capital Employed
ROCE Improving: SPG has significantly improved its Return on Capital Employed over the past 3 years.
How is Stride Stapled Group's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: SPG has a high level of physical assets or inventory.
Debt Coverage by Assets: SPG's debt is not covered by short term assets (assets are 0.3x debt).
Financial Institutions Analysis
Asset Level: SPG's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if SPG has a sufficient allowance for bad loans.
Low Risk Liabilities: SPG reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if SPG has an acceptable proportion of non-loan assets held.
Low Risk Deposits: SPG has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if SPG has an appropriate level of bad loans.
What is Stride Stapled Group's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: SPG's dividend (4.13%) is higher than the bottom 25% of dividend payers in the NZ market (3%).
High Dividend: SPG's dividend (4.13%) is low compared to the top 25% of dividend payers in the NZ market (5.56%).
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 2 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (109.1%), 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 (95.2% payout ratio).
What is the CEO of Stride Stapled Group's salary, the management and board of directors tenure and is there insider trading?
Average board tenure
Philip Littlewood 0
Mr. Philip Littlewood has been Chief Executive Officer of Stride Stapled Group since June 27, 2017. Mr. Littlewood serves Chief Executive Officer of Stride Investment Management Limited at Investore Proper ...
CEO Compensation Analysis
Compensation vs. Market: Philip has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the NZ market.
Compensation vs Earnings: Philip's compensation has been consistent with company performance over the past year.
Board Age and Tenure
Experienced Board: SPG's board of directors are considered experienced (5.3 years average tenure).
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Chief Financial Officer
- Tenure: 0yrs
General Manager of Investment
- Tenure: 0.8yrs
Chief Executive Officer
- Tenure: 2.3yrs
- Compensation: NZ$1.00m
GM of Corporate Services & Company Secretary
- Tenure: 0yrs
- Tenure: 0.8yrs
- Tenure: 0yrs
- Compensation: NZ$90.00k
Tim Storey (61yo)
- Tenure: 10.5yrs
- Compensation: NZ$155.00k
- Tenure: 10.1yrs
- Compensation: NZ$100.00k
- Tenure: 5.3yrs
- Compensation: NZ$90.00k
- Tenure: 0.6yrs
- Compensation: NZ$4.68k
Stride Stapled Group's company bio, employee growth, exchange listings and data sources
- Name: Stride Stapled Group
- Ticker: SPG
- Exchange: NZSE
- Founded: 2003
- Industry: Diversified REITs
- Sector: Real Estate
- Market Cap: NZ$876.844m
- Shares outstanding: 365.35m
- Website: https://www.strideproperty.co.nz
- Stride Stapled Group
- 34 Shortland Street
- Level 12
- New Zealand
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|SPG||NZSE (New Zealand Stock Exchange)||Yes||Stapled Securities||NZ||NZD||Jul 2016|
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||2019/10/19 10:41|
|End of Day Share Price||2019/10/18 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.