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MMH

Marsden Maritime HoldingsNZSE:MMH Stock Report

Market Cap

NZ$264.3m

7D

-0.3%

1Y

10.3%

Updated

26 Oct, 2021

Data

Company Financials
MMH fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance3/6
Financial Health3/6
Dividends4/6

MMH Overview

Marsden Maritime Holdings Limited operates a deep-water port facility in the Greater Marsden Point Area, New Zealand.

Price History & Performance

Summary of all time highs, changes and price drops for Marsden Maritime Holdings
Historical stock prices
Current Share PriceNZ$6.40
52 Week HighNZ$5.57
52 Week LowNZ$6.65
Beta0.36
1 Month Change0.79%
3 Month Change5.79%
1 Year Change10.35%
3 Year Change20.76%
5 Year Change85.51%
Change since IPO228.20%

Recent News & Updates

Shareholder Returns

MMHNZ InfrastructureNZ Market
7D-0.3%1.7%0.5%
1Y10.3%1.9%2.1%

Return vs Industry: MMH exceeded the NZ Infrastructure industry which returned 1.9% over the past year.

Return vs Market: MMH exceeded the NZ Market which returned 2.1% over the past year.

Price Volatility

Is MMH's price volatile compared to industry and market?
MMH volatility
MMH Beta0.36
Industry Beta0.82
Market Beta1

Stable Share Price: MMH is less volatile than 75% of NZ stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: MMH's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1988n/aFelix Richterhttps://www.marsdenmaritime.co.nz

Marsden Maritime Holdings Limited operates a deep-water port facility in the Greater Marsden Point Area, New Zealand. It operates through three segments: Port Related Operations, Property Holdings, and Marina and Commercial. The company provides 150 hectares of industrial land for lease; and operates farmland at Marsden Point.

Marsden Maritime Holdings Fundamentals Summary

How do Marsden Maritime Holdings's earnings and revenue compare to its market cap?
MMH fundamental statistics
Market CapNZ$264.32m
Earnings (TTM)NZ$14.26m
Revenue (TTM)NZ$7.22m

18.5x

P/E Ratio

36.6x

P/S Ratio


Dividends

2.8%

Current Dividend Yield

52%

Payout Ratio

Valuation

Is Marsden Maritime Holdings undervalued compared to its fair value and its price relative to the market?

18.54x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MMH (NZ$6.4) is trading above our estimate of fair value (NZ$4.41)

Significantly Below Fair Value: MMH is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: MMH is good value based on its PE Ratio (18.5x) compared to the NZ Infrastructure industry average (25.6x).

PE vs Market: MMH is good value based on its PE Ratio (18.5x) compared to the NZ market (22.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MMH's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MMH's PB Ratio (1.8x) is in line with the NZ Infrastructure industry average.


Future Growth

How is Marsden Maritime Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

63.7%

Forecasted Transportation industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Marsden Maritime Holdings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Marsden Maritime Holdings performed over the past 5 years?

-5.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MMH has a large one-off gain of NZ$3.7M impacting its June 30 2021 financial results.

Growing Profit Margin: MMH's current net profit margins are higher than last year .


Past Earnings Growth Analysis

Earnings Trend: MMH's earnings have declined by 5.6% per year over the past 5 years.

Accelerating Growth: MMH's earnings growth over the past year (113.5%) exceeds its 5-year average (-5.6% per year).

Earnings vs Industry: MMH earnings growth over the past year (113.5%) exceeded the Infrastructure industry 29%.


Return on Equity

High ROE: MMH's Return on Equity (9.5%) is considered low.


Financial Health

How is Marsden Maritime Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: MMH's short term assets (NZ$525.3K) do not cover its short term liabilities (NZ$11.9M).

Long Term Liabilities: MMH's short term assets (NZ$525.3K) do not cover its long term liabilities (NZ$15.7M).


Debt to Equity History and Analysis

Debt Level: MMH's debt to equity ratio (15.9%) is considered satisfactory.

Reducing Debt: MMH's debt to equity ratio has increased from 3.3% to 15.9% over the past 5 years.

Debt Coverage: MMH's debt is well covered by operating cash flow (44.8%).

Interest Coverage: MMH's interest payments on its debt are well covered by EBIT (3.6x coverage).


Balance Sheet


Dividend

What is Marsden Maritime Holdings's current dividend yield, its reliability and sustainability?

2.81%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MMH's dividend (2.81%) is higher than the bottom 25% of dividend payers in the NZ market (2.41%).

High Dividend: MMH's dividend (2.81%) is low compared to the top 25% of dividend payers in the NZ market (4.9%).


Stability and Growth of Payments

Stable Dividend: MMH's dividends per share have been stable in the past 10 years.

Growing Dividend: MMH's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (52.1%), MMH's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.8yrs

Average management tenure


CEO

Felix Richter

no data

Tenure

Mr. Felix Richter serves as the Chief Executive Officer of Marsden Maritime Holdings Ltd.


Leadership Team

Experienced Management: MMH's management team is considered experienced (3.8 years average tenure).


Board Members

Experienced Board: MMH's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Marsden Maritime Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Marsden Maritime Holdings Limited
  • Ticker: MMH
  • Exchange: NZSE
  • Founded: 1988
  • Industry: Marine Ports and Services
  • Sector: Transportation
  • Market Cap: NZ$264.324m
  • Shares outstanding: 41.30m
  • Website: https://www.marsdenmaritime.co.nz

Location

  • Marsden Maritime Holdings Limited
  • 8 Marsden Bay Drive
  • Marsden Point
  • Ruakaka
  • 171
  • New Zealand

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 16:13
End of Day Share Price2021/10/26 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.