The Warehouse Group Limited, together with its subsidiaries, engages in the retail of general merchandise and apparel in New Zealand.
Good value with adequate balance sheet.
Share Price & News
How has Warehouse Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: WHS's share price has been volatile over the past 3 months.
7 Day Return
NZ Multiline Retail
1 Year Return
NZ Multiline Retail
Return vs Industry: WHS underperformed the NZ Multiline Retail industry which returned 4.1% over the past year.
Return vs Market: WHS underperformed the NZ Market which returned 2.2% over the past year.
Price Volatility Vs. Market
How volatile is Warehouse Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StWe Think Warehouse Group's (NZSE:WHS) Statutory Profit Might Understate Its Earnings Potential
1 month ago | Simply Wall StDeclining Stock and Decent Financials: Is The Market Wrong About The Warehouse Group Limited (NZSE:WHS)?
1 month ago | Simply Wall StThese 4 Measures Indicate That Warehouse Group (NZSE:WHS) Is Using Debt Reasonably Well
Is Warehouse 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: WHS (NZ$2.08) is trading below our estimate of fair value (NZ$29.97)
Significantly Below Fair Value: WHS is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: WHS is good value based on its PE Ratio (12.1x) compared to the Multiline Retail industry average (18.9x).
PE vs Market: WHS is good value based on its PE Ratio (12.1x) compared to the NZ market (18.4x).
Price to Earnings Growth Ratio
PEG Ratio: WHS is poor value based on its PEG Ratio (1.4x)
Price to Book Ratio
PB vs Industry: WHS is overvalued based on its PB Ratio (2x) compared to the XO Multiline Retail industry average (1.3x).
How is Warehouse Group forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: WHS's forecast earnings growth (8.9% per year) is above the savings rate (2.6%).
Earnings vs Market: WHS's earnings (8.9% per year) are forecast to grow faster than the NZ market (4.7% per year).
High Growth Earnings: WHS's earnings are forecast to grow, but not significantly.
Revenue vs Market: WHS's revenue (1.7% per year) is forecast to grow slower than the NZ market (5.2% per year).
High Growth Revenue: WHS's revenue (1.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: WHS's Return on Equity is forecast to be high in 3 years time (21.2%)
How has Warehouse Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: WHS has a large one-off loss of NZ$29.7M impacting its January 26 2020 financial results.
Growing Profit Margin: WHS's current net profit margins (1.9%) are higher than last year (1%).
Past Earnings Growth Analysis
Earnings Trend: WHS's earnings have declined by -5.8% per year over the past 5 years.
Accelerating Growth: WHS's earnings growth over the past year (103.9%) exceeds its 5-year average (-5.8% per year).
Earnings vs Industry: WHS earnings growth over the past year (103.9%) exceeded the Multiline Retail industry -10%.
Return on Equity
High ROE: WHS's Return on Equity (16.3%) is considered low.
How is Warehouse Group's financial position?
Financial Position Analysis
Short Term Liabilities: WHS's short term assets (NZ$740.7M) exceed its short term liabilities (NZ$719.1M).
Long Term Liabilities: WHS's short term assets (NZ$740.7M) do not cover its long term liabilities (NZ$905.2M).
Debt to Equity History and Analysis
Debt Level: WHS's debt to equity ratio (36.2%) is considered satisfactory.
Reducing Debt: WHS's debt to equity ratio has increased from 33.1% to 36.2% over the past 5 years.
Debt Coverage: WHS's debt is well covered by operating cash flow (180.9%).
Interest Coverage: WHS's interest payments on its debt are well covered by EBIT (5.1x coverage).
What is Warehouse Group's current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate WHS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate WHS's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if WHS's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if WHS's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: WHS is not paying a notable dividend for the NZ market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of WHS's dividend in 3 years as they are not forecast to pay a notable one for the NZ market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Nick Grayston has been Group Chief Executive Officer of The Warehouse Group Limited since January 2015. Mr. Grayston joined Warehouse Group Limited in December 2015. Prior to, he has held a number of s ...
CEO Compensation Analysis
Compensation vs Market: Nick's total compensation ($USD0.00) is below average for companies of similar size in the NZ market ($USD566.55K).
Compensation vs Earnings: Nick's compensation has increased by more than 20% in the past year.
|Group Chief Executive Officer||4.33yrs||NZ$2.24m||no data|
|Group Chief Financial Officer||2.17yrs||no data||no data|
|Chief Operating Officer||no data||no data||no data|
|Chief Information & Digital Officer||2.75yrs||no data||no data|
|Group Public Relations Manager||no data||no data||no data|
|Chief Marketing Officer||no data||no data||no data|
|Acting Chief People Officer||0.33yr||no data||no data|
|Chief Digital Officer||no data||no data||no data|
|Chief Experience Officer||3.58yrs||no data||no data|
|Chief Transformation Officer||2.25yrs||no data||no data|
Experienced Management: WHS's management team is considered experienced (2.5 years average tenure).
|Independent Chair||3.67yrs||NZ$166.00k||0.52% NZ$3.8m|
|Founder & Non-Executive Director (Leave of absence)||25.92yrs||NZ$84.53k||27.13% NZ$194.9m|
|Independent Deputy Chairman||9yrs||NZ$123.00k||0.18% NZ$1.3m|
|Non-Executive Director||6.58yrs||NZ$86.03k||0.050% NZ$357.7k|
|Independent Non-Executive Director||7.58yrs||NZ$84.53k||no data|
|Alternate Director||8.83yrs||no data||0.0014% NZ$10.0k|
|Independent Non-Executive Director||3.67yrs||NZ$86.03k||no data|
|Non-Executive Director||2.58yrs||no data||no data|
Experienced Board: WHS's board of directors are considered experienced (7.1 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 not been meaningfully diluted in the past year.
The Warehouse Group Limited's company bio, employee growth, exchange listings and data sources
- Name: The Warehouse Group Limited
- Ticker: WHS
- Exchange: NZSE
- Founded: 1982
- Industry: General Merchandise Stores
- Sector: Retail
- Market Cap: NZ$718.195m
- Shares outstanding: 345.29m
- Website: https://www.thewarehousegroup.co.nz
Number of Employees
- The Warehouse Group Limited
- 26 The Warehouse Way
- New Zealand
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|WHS||NZSE (New Zealand Stock Exchange)||Yes||Ordinary Shares||NZ||NZD||Jan 1995|
The Warehouse Group Limited, together with its subsidiaries, engages in the retail of general merchandise and apparel in New Zealand. It also sells stationery products, technology and appliance products, and sporting equipment. The company operates 93 The Warehouse stores, 70 Warehouse Stationery stores, 77 Noel Leeming stores, and 18 Torpedo7 stores, as well as online stores. In addition, it engages in the provision of financial, property, investment, and wholesale services. The Warehouse Group Limited was founded in 1982 and is based in Auckland, New Zealand.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/05/28 10:33|
|End of Day Share Price||2020/05/28 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.