Freightways Limited, together with its subsidiaries, provides express package and business mail services in New Zealand, Australia, and internationally.
Price History & Performance
|Historical stock prices|
|Current Share Price||NZ$12.65|
|52 Week High||NZ$8.22|
|52 Week Low||NZ$13.85|
|1 Month Change||-1.10%|
|3 Month Change||1.28%|
|1 Year Change||52.23%|
|3 Year Change||73.76%|
|5 Year Change||98.90%|
|Change since IPO||635.47%|
Recent News & Updates
A Look At The Fair Value Of Freightways Limited (NZSE:FRE)
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Freightways Limited...
When Should You Buy Freightways Limited (NZSE:FRE)?
While Freightways Limited ( NZSE:FRE ) might not be the most widely known stock at the moment, it saw a double-digit...
Freightways (NZSE:FRE) Could Be Struggling To Allocate Capital
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
|FRE||NZ Logistics||NZ Market|
Return vs Industry: FRE underperformed the NZ Logistics industry which returned 63.2% over the past year.
Return vs Market: FRE exceeded the NZ Market which returned 1.9% over the past year.
Stable Share Price: FRE is less volatile than 75% of NZ stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: FRE's weekly volatility (3%) has been stable over the past year.
About the Company
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.
Freightways Fundamentals Summary
|FRE fundamental statistics|
Is FRE overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|FRE income statement (TTM)|
|Cost of Revenue||NZ$535.99m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.30|
|Net Profit Margin||6.19%|
How did FRE perform over the long term?See historical performance and comparison
2.8%Current Dividend Yield
Is Freightways 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: FRE (NZ$12.65) is trading below our estimate of fair value (NZ$15)
Significantly Below Fair Value: FRE is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: FRE is poor value based on its PE Ratio (42.3x) compared to the Oceanic Logistics industry average (29.3x).
PE vs Market: FRE is poor value based on its PE Ratio (42.3x) compared to the NZ market (22.3x).
Price to Earnings Growth Ratio
PEG Ratio: FRE is poor value based on its PEG Ratio (1.9x)
Price to Book Ratio
PB vs Industry: FRE is overvalued based on its PB Ratio (6.1x) compared to the XO Logistics industry average (2x).
How is Freightways 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: FRE's forecast earnings growth (22.7% per year) is above the savings rate (2.1%).
Earnings vs Market: FRE's earnings (22.7% per year) are forecast to grow faster than the NZ market (9.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: FRE's revenue (6% per year) is forecast to grow faster than the NZ market (5.2% per year).
High Growth Revenue: FRE's revenue (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 (31%)
How has Freightways performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FRE has a large one-off loss of NZ$23.0M impacting its June 30 2021 financial results.
Growing Profit Margin: FRE's current net profit margins (6.2%) are lower than last year (7.5%).
Past Earnings Growth Analysis
Earnings Trend: FRE's earnings have declined by 3.8% per year over the past 5 years.
Accelerating Growth: FRE's earnings growth over the past year (4.7%) exceeds its 5-year average (-3.8% per year).
Earnings vs Industry: FRE earnings growth over the past year (4.7%) underperformed the Logistics industry 39.3%.
Return on Equity
High ROE: FRE's Return on Equity (14.5%) is considered low.
How is Freightways's financial position?
Financial Position Analysis
Short Term Liabilities: FRE's short term assets (NZ$131.3M) do not cover its short term liabilities (NZ$163.2M).
Long Term Liabilities: FRE's short term assets (NZ$131.3M) do not cover its long term liabilities (NZ$539.9M).
Debt to Equity History and Analysis
Debt Level: FRE's debt to equity ratio (48%) is considered high.
Reducing Debt: FRE's debt to equity ratio has reduced from 79.1% to 48% over the past 5 years.
Debt Coverage: FRE's debt is well covered by operating cash flow (82.5%).
Interest Coverage: FRE's interest payments on its debt are well covered by EBIT (5.4x coverage).
What is Freightways's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FRE's dividend (2.85%) is higher than the bottom 25% of dividend payers in the NZ market (2.44%).
High Dividend: FRE's dividend (2.85%) is low compared to the top 25% of dividend payers in the NZ market (4.8%).
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: With its high payout ratio (111.9%), FRE's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: FRE's dividends in 3 years are forecast to be covered by earnings (78.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
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. He done his BMS from Waikato University.
Experienced Management: FRE's management team is considered experienced (3.8 years average tenure).
Experienced Board: FRE's board of directors are considered experienced (3.3 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.
Freightways Limited's 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$2.097b
- Shares outstanding: 165.74m
- Website: https://www.freightways.co.nz
Number of Employees
- Freightways Limited
- 32 Botha Road
- DX CX10120
- New Zealand
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/19 15:42|
|End of Day Share Price||2021/10/19 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.