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MOV

Move Logistics GroupNZSE:MOV Stock Report

Market Cap

NZ$140.3m

7D

0%

1Y

92.8%

Updated

20 Oct, 2021

Data

Company Financials
MOV fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance2/6
Financial Health1/6
Dividends0/6

MOV Overview

Move Logistics Group Limited operates as a freight and logistics company in New Zealand.

Price History & Performance

Summary of all time highs, changes and price drops for Move Logistics Group
Historical stock prices
Current Share PriceNZ$1.60
52 Week HighNZ$0.78
52 Week LowNZ$1.93
Beta0.78
1 Month Change8.11%
3 Month Change23.08%
1 Year Change92.77%
3 Year Change1.27%
5 Year Changen/a
Change since IPO-33.33%

Recent News & Updates

Shareholder Returns

MOVNZ LogisticsNZ Market
7D0%0.5%-0.007%
1Y92.8%63.8%2.4%

Return vs Industry: MOV exceeded the NZ Logistics industry which returned 63.8% over the past year.

Return vs Market: MOV exceeded the NZ Market which returned 2.4% over the past year.

Price Volatility

Is MOV's price volatile compared to industry and market?
MOV volatility
MOV Beta0.78
Industry Beta0.61
Market Beta1

Stable Share Price: MOV is more volatile than 90% of NZ stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: MOV's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of NZ stocks.

About the Company

FoundedEmployeesCEOWebsite
18691,493Richard Matherhttps://www.movelogistics.com

Move Logistics Group Limited operates as a freight and logistics company in New Zealand. It offers freight services for general freight or full truck loads, household relocations, containerized and bulk lots, temperature-controlled goods, non-hazardous and dangerous liquids, project cargo and heavy haulage, and specialized equipment; and logistics and warehousing services, including customize picking and packing services for individual orders, intelligent warehouse management systems, 4PL consulting services, custom solutions, consultancy services for service improvement, and managing of warehouses. The company also provides customs clearance and brokerage, air freight, sea freight, courier, and coastal shipping services; and lifting and transport services, such as heavy haulage, freight movement, machinery relocation and installation, crane transport and hire, precast concrete transport, and container packing and devanning services.

Move Logistics Group Fundamentals Summary

How do Move Logistics Group's earnings and revenue compare to its market cap?
MOV fundamental statistics
Market CapNZ$140.30m
Earnings (TTM)NZ$869.00k
Revenue (TTM)NZ$355.67m

161.5x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MOV income statement (TTM)
RevenueNZ$355.67m
Cost of RevenueNZ$267.96m
Gross ProfitNZ$87.71m
ExpensesNZ$86.84m
EarningsNZ$869.00k

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.0099
Gross Margin24.66%
Net Profit Margin0.24%
Debt/Equity Ratio204.3%

How did MOV perform over the long term?

See historical performance and comparison

Valuation

Is Move Logistics Group undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MOV (NZ$1.6) is trading below our estimate of fair value (NZ$4.61)

Significantly Below Fair Value: MOV is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: MOV is poor value based on its PE Ratio (161.5x) compared to the Oceanic Logistics industry average (27.6x).

PE vs Market: MOV is poor value based on its PE Ratio (161.5x) compared to the NZ market (22.4x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: MOV is overvalued based on its PB Ratio (3.9x) compared to the XO Logistics industry average (1.9x).


Future Growth

How is Move Logistics Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

9.8%

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 Move Logistics Group 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 Move Logistics Group performed over the past 5 years?

47.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MOV has high quality earnings.

Growing Profit Margin: MOV's current net profit margins (0.2%) are lower than last year (0.6%).


Past Earnings Growth Analysis

Earnings Trend: MOV has become profitable over the past 5 years, growing earnings by 47.1% per year.

Accelerating Growth: MOV's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: MOV had negative earnings growth (-56.9%) over the past year, making it difficult to compare to the Logistics industry average (39.3%).


Return on Equity

High ROE: MOV's Return on Equity (3.4%) is considered low.


Financial Health

How is Move Logistics Group's financial position?


Financial Position Analysis

Short Term Liabilities: MOV's short term assets (NZ$63.7M) do not cover its short term liabilities (NZ$139.5M).

Long Term Liabilities: MOV's short term assets (NZ$63.7M) do not cover its long term liabilities (NZ$160.4M).


Debt to Equity History and Analysis

Debt Level: MOV's debt to equity ratio (204.3%) is considered high.

Reducing Debt: Insufficient data to determine if MOV's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: MOV's debt is well covered by operating cash flow (55.7%).

Interest Coverage: MOV's interest payments on its debt are not well covered by EBIT (1.2x coverage).


Balance Sheet


Dividend

What is Move Logistics Group current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate MOV's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate MOV's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if MOV's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MOV's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: MOV is not paying a notable dividend for the NZ market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MOV's dividend in 3 years as they are not forecast to pay a notable one for the NZ market.


Next Steps

Management

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

2.8yrs

Average management tenure


CEO

Richard Mather

no data

Tenure

Mr. Richard Mather serves as Divisional Chief Executive Officer of Warehousing and Logistics at Move Logistics Group Limited (formerly known as TIL Logistics Group Limited). He served as Deputy Chief Execu...


Leadership Team

Experienced Management: MOV's management team is considered experienced (2.8 years average tenure).


Board Members

Experienced Board: MOV's board of directors are not considered experienced ( 1.1 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: MOV insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Move Logistics Group Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Move Logistics Group Limited
  • Ticker: MOV
  • Exchange: NZSE
  • Founded: 1869
  • Industry: Air Freight and Logistics
  • Sector: Transportation
  • Market Cap: NZ$140.296m
  • Shares outstanding: 87.68m
  • Website: https://www.movelogistics.com

Number of Employees


Location

  • Move Logistics Group Limited
  • 330 Devon Street East
  • Fitzroy
  • New Plymouth
  • 4312
  • New Zealand

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/20 15:30
End of Day Share Price2021/10/20 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.