Infratil
Market Cap
NZ$5.5b
Last Updated
2021/01/26 06:01 UTC
Data Sources
Company Financials +
Executive Summary
Infratil Limited owns and operates infrastructure businesses and investments primarily in New Zealand, Australia, the United States, and Europe. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 46.8% per year for the next 3 years
+ 1 more risk
Snowflake Analysis
Fair value second-rate dividend payer.
Share Price & News
How has Infratil's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: IFT is more volatile than 75% of NZ stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: IFT's weekly volatility (6%) has been stable over the past year, but is still higher than 75% of NZ stocks.
Market Performance
7 Day Return
7.3%
IFT
3.9%
NZ Electric Utilities
3.9%
NZ Market
1 Year Return
44.1%
IFT
29.8%
NZ Electric Utilities
10.6%
NZ Market
Return vs Industry: IFT exceeded the NZ Electric Utilities industry which returned 29.8% over the past year.
Return vs Market: IFT exceeded the NZ Market which returned 10.6% over the past year.
Shareholder returns
| IFT | Industry | Market | |
|---|---|---|---|
| 7 Day | 7.3% | 3.9% | 3.9% |
| 30 Day | 4.7% | 8.3% | 3.2% |
| 90 Day | 40.4% | 29.6% | 11.0% |
| 1 Year | 49.3%44.1% | 36.8%29.8% | 14.7%10.6% |
| 3 Year | 182.2%144.1% | 126.5%90.1% | 56.9%36.1% |
| 5 Year | 225.0%150.0% | 128.7%69.9% | 112.7%61.1% |
Long-Term Price Volatility Vs. Market
How volatile is Infratil's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
Key Things To Consider Before Buying Infratil Limited (NZSE:IFT) For Its Dividend2 months ago | Simply Wall St
Is Infratil Limited's (NZSE:IFT) Recent Stock Performance Influenced By Its Fundamentals In Any Way?3 months ago | Simply Wall St
Why Infratil Limited (NZSE:IFT) Could Be Worth WatchingValuation
Is Infratil undervalued compared to its fair value and its price relative to the market?
21.84x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: IFT (NZ$7.75) is trading above our estimate of fair value (NZ$4.27)
Significantly Below Fair Value: IFT is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: IFT is good value based on its PE Ratio (21.8x) compared to the NZ Electric Utilities industry average (48.5x).
PE vs Market: IFT is good value based on its PE Ratio (21.8x) compared to the NZ market (25.1x).
Price to Earnings Growth Ratio
PEG Ratio: IFT's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: IFT is good value based on its PB Ratio (2.2x) compared to the NZ Electric Utilities industry average (2.5x).
Next Steps
Future Growth
How is Infratil forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
-46.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: IFT's earnings are forecast to decline over the next 3 years (-46.8% per year).
Earnings vs Market: IFT's earnings are forecast to decline over the next 3 years (-46.8% per year).
High Growth Earnings: IFT's earnings are forecast to decline over the next 3 years.
Revenue vs Market: IFT's revenue (6.1% per year) is forecast to grow faster than the NZ market (5.1% per year).
High Growth Revenue: IFT's revenue (6.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: IFT's Return on Equity is forecast to be low in 3 years time (4.6%).
Next Steps
Past Performance
How has Infratil performed over the past 5 years?
53.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IFT has a large one-off gain of NZ$525.2M impacting its September 30 2020 financial results.
Growing Profit Margin: IFT became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: IFT's earnings have grown significantly by 53.9% per year over the past 5 years.
Accelerating Growth: IFT has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: IFT has become profitable in the last year, making it difficult to compare its past year earnings growth to the Electric Utilities industry (-21.9%).
Return on Equity
High ROE: IFT's Return on Equity (13.4%) is considered low.
Next Steps
Financial Health
How is Infratil's financial position?
Financial Position Analysis
Short Term Liabilities: IFT's short term assets (NZ$747.2M) exceed its short term liabilities (NZ$502.7M).
Long Term Liabilities: IFT's short term assets (NZ$747.2M) do not cover its long term liabilities (NZ$3.8B).
Debt to Equity History and Analysis
Debt Level: IFT's debt to equity ratio (89.5%) is considered high.
Reducing Debt: IFT's debt to equity ratio has reduced from 89.6% to 89.5% over the past 5 years.
Debt Coverage: IFT's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if IFT's interest payments on its debt are well covered by EBIT.
Balance Sheet
Next Steps
Dividend
What is Infratil current dividend yield, its reliability and sustainability?
2.23%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: IFT's dividend (2.23%) isn’t notable compared to the bottom 25% of dividend payers in the NZ market (2.24%).
High Dividend: IFT's dividend (2.23%) is low compared to the top 25% of dividend payers in the NZ market (4.1%).
Stability and Growth of Payments
Stable Dividend: IFT's dividends per share have been stable in the past 10 years.
Growing Dividend: IFT's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (48.6%), IFT's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: IFT's dividends in 3 years are not forecast to be well covered by earnings (114% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
7.3yrs
Average board tenure
CEO
Marko Bogoievski (54 yo)
10yrs
Tenure
NZ$112,000
Compensation
Mr. Marko Bogoievski, BCA, MBA, ACA, FCA, serves as the Non-Independent Director & Chief Executive Officer of Infratil Limited and HRL Morrison & Co Limited. He is Chairman of Vodafone New Zealand. Mr. Bog...
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Non-Independent Director | 10yrs | NZ$112.00k | 0.28% NZ$ 15.3m | |
| Chief Investment Officer of H.R.L. Morrison & Co. | no data | no data | 0.041% NZ$ 2.2m | |
| Head of Social Infrastructure - HRL Morrison & Co and Director-ANU Student Accommodation Concession | no data | no data | no data | |
| Independent Director | 8.08yrs | NZ$147.50k | 0.027% NZ$ 1.5m | |
| Chairman of Tilt Renewables | no data | no data | no data | |
| Independent Director | 4.17yrs | NZ$129.00k | 0.0048% NZ$ 260.8k | |
| Chair of Trustpower | no data | no data | 0.011% NZ$ 589.1k | |
| Chairman of Perth Energy | no data | no data | no data | |
| Chair of NZ Bus and Director of Canberra Data Centres & Infratil Infrastructure Property | no data | no data | 0.033% NZ$ 1.8m | |
| Chair of Wellington Airport | no data | no data | no data | |
| Independent Chairman | 7.25yrs | NZ$239.80k | 0.0078% NZ$ 428.5k | |
| Independent Director | 6.5yrs | NZ$156.50k | 0.0038% NZ$ 206.6k |
7.3yrs
Average Tenure
56yo
Average Age
Experienced Board: IFT's board of directors are considered experienced (7.3 years average tenure).
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.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 9.4%.
Top Shareholders
Company Information
Infratil Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Infratil Limited
- Ticker: IFT
- Exchange: NZSE
- Founded: 1994
- Industry: Electric Utilities
- Sector: Utilities
- Market Cap: NZ$5.480b
- Shares outstanding: 722.95m
- Website: https://infratil.com
Number of Employees
Location
- Infratil Limited
- 5 Market Lane
- PO Box 320
- Wellington
- 6140
- New Zealand
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| IFT | NZSE (New Zealand Stock Exchange) | Yes | Ordinary Shares | NZ | NZD | Nov 1994 |
| IFUU.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Nov 1994 |
| IFT | ASX (Australian Securities Exchange) | Yes | Ordinary Shares | AU | AUD | Nov 1994 |
Biography
Infratil Limited owns and operates infrastructure businesses and investments primarily in New Zealand, Australia, the United States, and Europe. It operates through Trustpower, Tilt Renewables, Wellington ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/26 06:01 |
| End of Day Share Price | 2021/01/26 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2020/03/31 |
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.