Marsden Maritime Holdings Limited operates a deep-water port facility in the Greater Marsden Point Area, New Zealand.
Price History & Performance
|Historical stock prices|
|Current Share Price||NZ$6.40|
|52 Week High||NZ$5.57|
|52 Week Low||NZ$6.65|
|1 Month Change||0.79%|
|3 Month Change||5.79%|
|1 Year Change||10.35%|
|3 Year Change||20.76%|
|5 Year Change||85.51%|
|Change since IPO||228.20%|
Recent News & Updates
|MMH||NZ Infrastructure||NZ Market|
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.
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
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
|MMH fundamental statistics|
Is MMH overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MMH income statement (TTM)|
|Cost of Revenue||NZ$3.29m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.35|
|Net Profit Margin||197.42%|
How did MMH perform over the long term?See historical performance and comparison
2.8%Current Dividend Yield
Is Marsden Maritime Holdings 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: 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.
How is Marsden Maritime Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
How has Marsden Maritime Holdings performed over the past 5 years?
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.
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).
What is Marsden Maritime Holdings's current dividend yield, its reliability and sustainability?
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Felix Richter serves as the Chief Executive Officer of Marsden Maritime Holdings Ltd.
Experienced Management: MMH's management team is considered experienced (3.8 years average tenure).
Experienced Board: MMH's board of directors are not considered experienced ( 2.8 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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Marsden Maritime Holdings Limited's employee growth, exchange listings and data sources
- 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
- Marsden Maritime Holdings Limited
- 8 Marsden Bay Drive
- Marsden Point
- New Zealand
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/26 16:13|
|End of Day Share Price||2021/10/26 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.