Freightways Limited, together with its subsidiaries, provides express package and business mail services in New Zealand, Australia, and internationally.
Reasonable growth potential average dividend payer.
Share Price & News
How has Freightways's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FRE has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: FRE underperformed the NZ Logistics industry which returned 11.7% over the past year.
Return vs Market: FRE underperformed the NZ Market which returned 17.1% over the past year.
Price Volatility Vs. Market
How volatile is Freightways's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 days ago | Simply Wall StHere's What Analysts Are Forecasting For Freightways Limited After Its Half-Year Results
4 days ago | Simply Wall StFreightways (NZSE:FRE) Has A Pretty Healthy Balance Sheet
4 weeks ago | Simply Wall StEstimating The Intrinsic Value Of Freightways Limited (NZSE:FRE)
Is Freightways undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: FRE (NZ$7.25) is trading above our estimate of fair value (NZ$6.68)
Significantly Below Fair Value: FRE is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: FRE is good value based on its PE Ratio (19x) compared to the Logistics industry average (28.4x).
PE vs Market: FRE is good value based on its PE Ratio (19x) compared to the NZ market (20.5x).
Price to Earnings Growth Ratio
PEG Ratio: FRE is poor value based on its PEG Ratio (1.8x)
Price to Book Ratio
PB vs Industry: FRE is overvalued based on its PB Ratio (4.3x) compared to the XO Logistics industry average (2.5x).
How is Freightways 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: FRE's forecast earnings growth (10.8% per year) is above the savings rate (1.3%).
Earnings vs Market: FRE's earnings (10.8% per year) are forecast to grow faster than the NZ market (9.2% per year).
High Growth Earnings: FRE's earnings are forecast to grow, but not significantly.
Revenue vs Market: FRE's revenue (8.6% per year) is forecast to grow faster than the NZ market (5.7% per year).
High Growth Revenue: FRE's revenue (8.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FRE's Return on Equity is forecast to be high in 3 years time (23.6%)
How has Freightways performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FRE has high quality earnings.
Growing Profit Margin: FRE's current net profit margins (9.5%) are lower than last year (10.6%).
Past Earnings Growth Analysis
Earnings Trend: FRE's earnings have grown by 7.8% per year over the past 5 years.
Accelerating Growth: FRE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: FRE had negative earnings growth (-7.8%) over the past year, making it difficult to compare to the Logistics industry average (4.4%).
Return on Equity
High ROE: FRE's Return on Equity (22.4%) is considered high.
How is Freightways's financial position?
Financial Position Analysis
Short Term Liabilities: FRE's short term assets (NZ$113.6M) do not cover its short term liabilities (NZ$118.4M).
Long Term Liabilities: FRE's short term assets (NZ$113.6M) do not cover its long term liabilities (NZ$419.9M).
Debt to Equity History and Analysis
Debt Level: FRE's debt to equity ratio (68.1%) is considered high.
Reducing Debt: FRE's debt to equity ratio has reduced from 86.4% to 68.1% over the past 5 years.
Debt Coverage: FRE's debt is well covered by operating cash flow (44.6%).
Interest Coverage: FRE's interest payments on its debt are well covered by EBIT (7.2x coverage).
Inventory Level: FRE has a high level of physical assets or inventory.
Debt Coverage by Assets: FRE's debt is not covered by short term assets (assets are 0.6x debt).
What is Freightways's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: FRE's dividend (4.21%) is higher than the bottom 25% of dividend payers in the NZ market (2.96%).
High Dividend: FRE's dividend (4.21%) is low compared to the top 25% of dividend payers in the NZ market (5.61%).
Stability and Growth of Payments
Stable Dividend: FRE's dividend payments have been volatile in the past 10 years.
Growing Dividend: FRE's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (80.1%), FRE's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: FRE's dividends in 3 years are forecast to be covered by earnings (77.6% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Mark Troughear 0
Mr. Mark Troughear has been CEO at Freightways Ltd since January 1, 2018 and served as its serves as General Manager of Information Management Division.
|Independent Chairman||1.3yrs||no data||0.0064% NZ$72.5k|
|Independent Director||10.5yrs||no data||0.032% NZ$362.5k|
|Independent Director||3.6yrs||no data||0.033% NZ$373.4k|
|Independent Non-Executive Director||1.5yrs||no data||no data|
|Independent Director||4.4yrs||no data||0.0052% NZ$58.0k|
|Independent Director||1.7yrs||no data||0.0090% NZ$101.5k|
Experienced Board: FRE's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.
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.
Freightways Limited's company bio, employee growth, exchange listings and data sources
- Name: Freightways Limited
- Ticker: FRE
- Exchange: NZSE
- Founded: 1964
- Industry: Air Freight and Logistics
- Sector: Transportation
- Market Cap: NZ$1.127b
- Shares outstanding: 155.46m
- Website: https://www.freightways.co.nz
Number of Employees
- Freightways Limited
- 32 Botha Road
- DX CX10120
- New Zealand
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|FRE||NZSE (New Zealand Stock Exchange)||Yes||Ordinary Shares||NZ||NZD||Sep 2003|
|FTWY.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Sep 2003|
Freightways Limited, together with its subsidiaries, provides express package and business mail services in New Zealand, Australia, and internationally. It operates through Express Package & Business Mail, Information Management, and Corporate and Other segments. The company provides network courier services under the New Zealand Couriers, Post Haste Couriers, Castle Parcels, and NOW Couriers brands; and point-to-point courier services under the SUB60, Kiwi Express, Stuck, Pass The Parcel, and Security Express brands. It also provides various physical and digital postal services, including mail delivery services under the DX Mail brand; and mailhouse-print services and digital mail presentation platforms under the Dataprint brand. The company offers its services through its network, as well as through international alliances. In addition, it provides a range of physical storage and information management, and digital information processing services, such as digitization, business process outsourcing, online back-up, and eDiscovery services, as well as document destruction and medical waste services primarily under the Archive Security, FileSaver, DataBank, Shred-X, and Med-X brands, as well as operates line-haul on the arterial roads under the Parceline Express name. Further, the company offers information technology and advisory services to the businesses; general and aviation engineering services; and aviation-related, IT infrastructure support, treasury management, and financing and property management services. Freightways Limited was founded in 1964 and is based in Penrose, New Zealand.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/28 10:35|
|End of Day Share Price||2020/02/28 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.