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Freightways Group LimitedNZSE:FRW Stock Report

Market Cap NZ$2.3b
Share Price
NZ$12.90
NZ$15.36
16.0% undervalued intrinsic discount
1Y26.6%
7D-3.4%
Portfolio Value
View

Freightways Group Limited

NZSE:FRW Stock Report

Market Cap: NZ$2.3b

Freightways Group (FRW) Stock Overview

Provides express package and business mail, and information management services in New Zealand, Australia, and internationally. More details

FRW fundamental analysis
Snowflake Score
Valuation4/6
Future Growth3/6
Past Performance4/6
Financial Health4/6
Dividends4/6

FRW Community Fair Values

Create Narrative

See what 18 others think this stock is worth. Follow their fair value or set your own to get alerts.

Freightways Group Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for Freightways Group
Historical stock prices
Current Share PriceNZ$12.90
52 Week HighNZ$15.25
52 Week LowNZ$10.19
Beta0.64
1 Month Change0.39%
3 Month Change-13.71%
1 Year Change26.59%
3 Year Change39.91%
5 Year Change14.77%
Change since IPO650.00%

Recent News & Updates

Narrative Update Apr 29

FRW: Upcoming Dividend Schedule Will Support A More Confident Future Earnings Outlook

Analysts have nudged their fair value estimate for Freightways Group slightly higher to NZ$15.36 from NZ$15.34, reflecting small adjustments to the discount rate and long run assumptions on profit margins and future P/E multiples. What's in the News Freightways Group declared a cash dividend of NZ$0.24705882 per share for the six months ended December 31, 2025, giving investors clarity on the upcoming payout schedule.
Narrative Update Apr 12

FRW: Upcoming Dividend Timeline Will Support A More Confident Earnings Outlook

Analysts have made a small upward revision to their Freightways Group valuation, nudging the fair value estimate from NZ$15.31 to NZ$15.34 as they refresh assumptions around the discount rate, long run revenue growth, profit margins, and future P/E expectations. What's in the News Freightways Group declared a cash dividend of NZ$0.24705882 per share for the six months ended December 31, 2025, giving you clear visibility on the latest payout terms (Key Developments).
Narrative Update Mar 29

FRW: Upcoming Dividend Schedule Will Support A More Confident Earnings Outlook

Analysts have nudged their price target for Freightways Group slightly higher to NZ$15.31 from NZ$15.28. This reflects updated assumptions around the discount rate, long-term revenue growth, profit margins and future P/E multiples.
Narrative Update Mar 13

FRW: Dividend Timeline Will Support A More Confident Forward Earnings Outlook

Freightways Group's analyst price target has been adjusted slightly higher to around NZ$15.28 from NZ$15.27. Analysts point to updated assumptions on discount rates, revenue growth, profit margins and future P/E as the key drivers of this fine tuning.
Narrative Update Feb 25

FRW: Dividend Timeline And Refined Assumptions Will Support A Steady Outlook

Analysts have nudged their price target for Freightways Group higher to NZ$15.27 from NZ$14.79, reflecting updated assumptions for discount rates, revenue growth, profit margins and future P/E levels. What's in the News Freightways Group declared a cash dividend of NZ$0.24705882 per share for the six months ended December 31, 2025, giving investors clarity on the latest distribution per share (Key Developments).

Recent updates

Narrative Update Apr 29

FRW: Upcoming Dividend Schedule Will Support A More Confident Future Earnings Outlook

Analysts have nudged their fair value estimate for Freightways Group slightly higher to NZ$15.36 from NZ$15.34, reflecting small adjustments to the discount rate and long run assumptions on profit margins and future P/E multiples. What's in the News Freightways Group declared a cash dividend of NZ$0.24705882 per share for the six months ended December 31, 2025, giving investors clarity on the upcoming payout schedule.
Narrative Update Apr 12

FRW: Upcoming Dividend Timeline Will Support A More Confident Earnings Outlook

Analysts have made a small upward revision to their Freightways Group valuation, nudging the fair value estimate from NZ$15.31 to NZ$15.34 as they refresh assumptions around the discount rate, long run revenue growth, profit margins, and future P/E expectations. What's in the News Freightways Group declared a cash dividend of NZ$0.24705882 per share for the six months ended December 31, 2025, giving you clear visibility on the latest payout terms (Key Developments).
Narrative Update Mar 29

FRW: Upcoming Dividend Schedule Will Support A More Confident Earnings Outlook

Analysts have nudged their price target for Freightways Group slightly higher to NZ$15.31 from NZ$15.28. This reflects updated assumptions around the discount rate, long-term revenue growth, profit margins and future P/E multiples.
Narrative Update Mar 13

FRW: Dividend Timeline Will Support A More Confident Forward Earnings Outlook

Freightways Group's analyst price target has been adjusted slightly higher to around NZ$15.28 from NZ$15.27. Analysts point to updated assumptions on discount rates, revenue growth, profit margins and future P/E as the key drivers of this fine tuning.
Narrative Update Feb 25

FRW: Dividend Timeline And Refined Assumptions Will Support A Steady Outlook

Analysts have nudged their price target for Freightways Group higher to NZ$15.27 from NZ$14.79, reflecting updated assumptions for discount rates, revenue growth, profit margins and future P/E levels. What's in the News Freightways Group declared a cash dividend of NZ$0.24705882 per share for the six months ended December 31, 2025, giving investors clarity on the latest distribution per share (Key Developments).
Narrative Update Feb 11

FRW: Refreshed Assumptions Will Shape A Steady And Fairly Balanced Outlook

Analysts have lifted their price target for Freightways Group from $14.28 to $14.79 as they refresh assumptions around revenue growth, discount rate, profit margins and future P/E to reflect their latest views on the business. Valuation Changes Fair Value: updated from NZ$14.28 to NZ$14.79, a small uplift in the assessed value per share.
Analysis Article Feb 09

If EPS Growth Is Important To You, Freightways Group (NZSE:FRW) Presents An Opportunity

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
Narrative Update Jan 27

FRW: Updated Growth And Margin Assumptions Will Shape A Fairly Balanced Outlook

Analysts have raised their fair value estimate for Freightways Group from NZ$13.79 to NZ$14.28. They cite updated assumptions that include modestly higher revenue growth, slightly stronger profit margins, and small adjustments to the discount rate and future P/E multiple.
Narrative Update Jan 12

FRW: Future Discount Rate And P/E Assumptions Will Support Fairly Balanced Outlook

Analysts now see Freightways Group's fair value at $13.79, a small move from $13.69. This reflects updated assumptions around discount rate, revenue growth, profit margins and future P/E expectations.
Narrative Update Dec 26

FRW: Future Revenue And Margin Assumptions Will Shape Fairly Balanced Outlook

Analysts have raised their price target for Freightways Group slightly, from NZ$13.51 to NZ$13.69. This reflects modestly stronger expectations for revenue growth and margins, even as long term valuation multiples edge lower.
Narrative Update Dec 12

FRW: Future Margins And Discount Rate Tweaks Will Guide Near-Term Outlook

Analysts have made a marginal downward revision to their price target for Freightways Group, trimming fair value by about NZ$0.02 to approximately NZ$13.51, as they fine tune assumptions around discount rates, revenue growth, and long term profit margins. Valuation Changes Fair Value edged down slightly from NZ$13.53 to NZ$13.51 per share, reflecting a marginally lower central valuation estimate.
Narrative Update Nov 28

FRW: Dividend Payment And Forecast Adjustments Will Shape Near-Term Outlook

Freightways Group’s analyst price target has been modestly increased from $13.20 to $13.53 per share, as analysts cite a slight improvement in forward fair value assumptions. This reflects minor positive adjustments to long-term growth and profitability expectations.
Narrative Update Nov 14

FRW: Dividend Payment And Forecast Adjustments Will Shape Near-Term Outlook

Analysts have slightly reduced their price target for Freightways Group, lowering it from $13.21 to $13.20. This change reflects minor adjustments to discount rate assumptions and updated forecasts for growth and profitability.
Analysis Article Nov 01

If EPS Growth Is Important To You, Freightways Group (NZSE:FRW) Presents An Opportunity

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Narrative Update Oct 31

FRW: Profitability Improvement Forecast Will Fail To Justify Current Valuation

Analysts have raised their price target for Freightways Group from $12.16 to $13.21, citing improved revenue growth and profit margin forecasts as the primary drivers for the upward revision. What's in the News Freightways Group Limited announced an increased ordinary, fully paid, foreign exempt NZX dividend of NZD 0.24705882 per share for the six months ended June 30, 2025.
Analysis Article Aug 20

Freightways Group's (NZSE:FRW) Shareholders Will Receive A Bigger Dividend Than Last Year

The board of Freightways Group Limited ( NZSE:FRW ) has announced that it will be paying its dividend of NZ$0.2471 on...
Narrative Update Aug 20

Express Package And Business Mail Will Gain Market Share Via Improved Service Quality

Freightways Group’s consensus price target was revised higher to NZ$12.12, primarily reflecting improvements in net profit margin and a reduction in the future P/E multiple. What's in the News Freightways Group announced an ordinary fully paid dividend of NZD 0.24705882 per share for the six months ended June 30, 2025, payable October 1, 2025.
Analysis Article Aug 19

Is Freightways Group Limited (NZSE:FRW) Trading At A 25% Discount?

Key Insights Using the 2 Stage Free Cash Flow to Equity, Freightways Group fair value estimate is NZ$15.64 Freightways...
Analysis Article Apr 24

Freightways Group Limited's (NZSE:FRW) Business Is Trailing The Market But Its Shares Aren't

With a price-to-earnings (or "P/E") ratio of 24x Freightways Group Limited ( NZSE:FRW ) may be sending bearish signals...
User avatar
New Narrative Mar 13

Express Package And Business Mail Will Gain Market Share Via Improved Service Quality

Strategic enhancements in air fleet and automated facilities should lower costs, boost efficiencies, and improve earnings.
Analysis Article Dec 17

What Does Freightways Group Limited's (NZSE:FRW) Share Price Indicate?

Freightways Group Limited ( NZSE:FRW ), is not the largest company out there, but it led the NZSE gainers with a...
Analysis Article Oct 16

Increases to Freightways Group Limited's (NZSE:FRW) CEO Compensation Might Cool off for now

Key Insights Freightways Group to hold its Annual General Meeting on 23rd of October Total pay for CEO Mark Troughear...
Analysis Article Oct 09

Are Investors Undervaluing Freightways Group Limited (NZSE:FRW) By 37%?

Key Insights The projected fair value for Freightways Group is NZ$15.55 based on 2 Stage Free Cash Flow to Equity...
Analysis Article Sep 22

These 4 Measures Indicate That Freightways Group (NZSE:FRW) Is Using Debt Reasonably Well

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article Aug 20

Freightways Group Limited (NZSE:FRW) Just Released Its Yearly Earnings: Here's What Analysts Think

Last week saw the newest full-year earnings release from Freightways Group Limited ( NZSE:FRW ), an important milestone...
Analysis Article Apr 24

There's Reason For Concern Over Freightways Group Limited's (NZSE:FRW) Price

Freightways Group Limited's ( NZSE:FRW ) price-to-earnings (or "P/E") ratio of 20.9x might make it look like a sell...
Analysis Article Apr 02

Freightways Group Limited's (NZSE:FRW) Intrinsic Value Is Potentially 34% Above Its Share Price

Key Insights Using the 2 Stage Free Cash Flow to Equity, Freightways Group fair value estimate is NZ$12.00 Freightways...
Analysis Article Feb 23

Freightways Group (NZSE:FRW) Will Pay A Dividend Of NZ$0.2118

Freightways Group Limited ( NZSE:FRW ) will pay a dividend of NZ$0.2118 on the 2nd of April. This makes the dividend...
Analysis Article Feb 21

NZ$9.19 - That's What Analysts Think Freightways Group Limited (NZSE:FRW) Is Worth After These Results

As you might know, Freightways Group Limited ( NZSE:FRW ) recently reported its interim numbers. Results overall were...
Analysis Article Nov 07

Freightways Group (NZSE:FRW) Seems To Use Debt Quite Sensibly

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article Oct 19

It's Unlikely That Freightways Group Limited's (NZSE:FRW) CEO Will See A Huge Pay Rise This Year

Key Insights Freightways Group's Annual General Meeting to take place on 25th of October CEO Mark Troughear's total...
Analysis Article Oct 01

Capital Allocation Trends At Freightways Group (NZSE:FRW) Aren't Ideal

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Analysis Article Sep 06

Freightways Group (NZSE:FRW) Is Paying Out A Dividend Of NZ$0.2235

Freightways Group Limited ( NZSE:FRW ) has announced that it will pay a dividend of NZ$0.2235 per share on the 2nd of...
Analysis Article Aug 23

Freightways Group (NZSE:FRW) Will Pay A Dividend Of NZ$0.2235

Freightways Group Limited ( NZSE:FRW ) has announced that it will pay a dividend of NZ$0.2235 per share on the 2nd of...
Analysis Article Jun 12

Is It Time To Consider Buying Freightways Group Limited (NZSE:FRW)?

While Freightways Group Limited ( NZSE:FRW ) might not be the most widely known stock at the moment, it saw significant...
Analysis Article Feb 03

Freightways Limited (NZSE:FRE) Shares Could Be 25% Above Their Intrinsic Value Estimate

In this article we are going to estimate the intrinsic value of Freightways Limited ( NZSE:FRE ) by taking the expected...
Analysis Article Dec 20

There Are Reasons To Feel Uneasy About Freightways' (NZSE:FRE) Returns On Capital

To find a multi-bagger stock, what are the underlying trends we should look for in a business? One common approach is...
Analysis Article Nov 08

Is There Now An Opportunity In Freightways Limited (NZSE:FRE)?

Freightways Limited ( NZSE:FRE ), is not the largest company out there, but it received a lot of attention from a...
Analysis Article Oct 20

Why We Think Freightways Limited's (NZSE:FRE) CEO Compensation Is Not Excessive At All

Despite strong share price growth of 40% for Freightways Limited ( NZSE:FRE ) over the last few years, earnings growth...
Analysis Article Sep 27

With EPS Growth And More, Freightways (NZSE:FRE) Makes An Interesting Case

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
Analysis Article Aug 30

New Forecasts: Here's What Analysts Think The Future Holds For Freightways Limited (NZSE:FRE)

Shareholders in Freightways Limited ( NZSE:FRE ) may be thrilled to learn that the analysts have just delivered a major...
Analysis Article Aug 03

What Is Freightways Limited's (NZSE:FRE) Share Price Doing?

While Freightways Limited ( NZSE:FRE ) might not be the most widely known stock at the moment, it saw a decent share...
Analysis Article Jul 06

Calculating The Intrinsic 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...
Analysis Article Jun 08

Is Freightways (NZSE:FRE) A Risky Investment?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article May 06

Capital Allocation Trends At Freightways (NZSE:FRE) Aren't Ideal

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Ideally, a business...
Analysis Article Mar 10

Should You Investigate Freightways Limited (NZSE:FRE) At NZ$11.80?

Freightways Limited ( NZSE:FRE ), might not be a large cap stock, but it saw significant share price movement during...
Analysis Article Feb 23

Freightways (NZSE:FRE) Is Increasing Its Dividend To NZ$0.21

Freightways Limited's ( NZSE:FRE ) dividend will be increasing to NZ$0.21 on 1st of April. This takes the dividend...

Shareholder Returns

FRWNZ LogisticsNZ Market
7D-3.4%-2.4%0.7%
1Y26.6%0.6%3.6%

Return vs Industry: FRW exceeded the NZ Logistics industry which returned 0.6% over the past year.

Return vs Market: FRW exceeded the NZ Market which returned 3.6% over the past year.

Price Volatility

Is FRW's price volatile compared to industry and market?
FRW volatility
FRW Average Weekly Movement3.9%
Logistics Industry Average Movement4.8%
Market Average Movement3.9%
10% most volatile stocks in NZ Market8.0%
10% least volatile stocks in NZ Market2.7%

Stable Share Price: FRW has not had significant price volatility in the past 3 months compared to the NZ market.

Volatility Over Time: FRW's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1964n/aMark Troughearwww.freightways.co.nz

Freightways Group Limited provides express package and business mail, and information management services in New Zealand, Australia, and internationally. It operates through Express Package and 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, Allied Express, and NOW Couriers brands; point-to-point courier services under the SUB60, Stuck, and Kiwi Express brands; and secure-logistics services under the Security Express brand.

Freightways Group Limited Fundamentals Summary

How do Freightways Group's earnings and revenue compare to its market cap?
FRW fundamental statistics
Market capNZ$2.31b
Earnings (TTM)NZ$87.63m
Revenue (TTM)NZ$1.35b
26.3x
P/E Ratio
1.7x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FRW income statement (TTM)
RevenueNZ$1.35b
Cost of RevenueNZ$946.73m
Gross ProfitNZ$398.88m
Other ExpensesNZ$311.25m
EarningsNZ$87.63m

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

n/a

Earnings per share (EPS)0.49
Gross Margin29.64%
Net Profit Margin6.51%
Debt/Equity Ratio46.0%

How did FRW perform over the long term?

See historical performance and comparison

Dividends

3.3%
Current Dividend Yield
86%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/11 13:20
End of Day Share Price 2026/05/11 00:00
Earnings2025/12/31
Annual Earnings2025/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Freightways Group Limited is covered by 9 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Philip CampbellCitigroup Inc
Geoff ZameDeutsche Bank
Andrew BowleyForsyth Barr Group Ltd.