| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 3/6 |
| Past Performance | 0/6 |
| Financial Health | 4/6 |
| Dividends | 2/6 |
IFT Stock Overview
Infratil Limited owns and operates infrastructure businesses and investments primarily in New Zealand, Australia, the United States, and Europe.
Rewards
Risk Analysis
No risks detected for IFT from our risk checks.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | NZ$7.82 |
| 52 Week High | NZ$8.47 |
| 52 Week Low | NZ$6.74 |
| Beta | 0.83 |
| 1 Month Change | -1.64% |
| 3 Month Change | -5.56% |
| 1 Year Change | 5.96% |
| 3 Year Change | 108.81% |
| 5 Year Change | 167.81% |
| Change since IPO | 1,563.83% |
Recent News & Updates
Shareholder Returns
| IFT | NZ Electric Utilities | NZ Market | |
|---|---|---|---|
| 7D | -4.3% | -3.0% | -3.1% |
| 1Y | 6.0% | -14.7% | -11.4% |
Return vs Industry: IFT exceeded the NZ Electric Utilities industry which returned -14.7% over the past year.
Return vs Market: IFT exceeded the NZ Market which returned -11.4% over the past year.
Price Volatility
| IFT volatility | |
|---|---|
| IFT Average Weekly Movement | 2.5% |
| Electric Utilities Industry Average Movement | 2.5% |
| Market Average Movement | 3.8% |
| 10% most volatile stocks in NZ Market | 6.5% |
| 10% least volatile stocks in NZ Market | 2.4% |
Stable Share Price: IFT is less volatile than 75% of NZ stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: IFT's weekly volatility (2%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1994 | 3,760 | Jason Boyes | https://infratil.com |
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 International Airport, Qscan Group, Associate Companies, and Other segments. The company retails electricity, natural gas, bottled LNG, and telecommunication services; develops, owns, and generates renewable energy; develops utility-scale wind and solar generation throughout North America; develops wind, solar PV energy projects, and storage solutions; and provides outsourced data center services to government and commercial entities.
Infratil Fundamentals Summary
| IFT fundamental statistics | |
|---|---|
| Market Cap | NZ$5.66b |
| Earnings (TTM) | -NZ$28.50m |
| Revenue (TTM) | NZ$1.36b |
4.2x
P/S Ratio-198.7x
P/E RatioIs IFT overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| IFT income statement (TTM) | |
|---|---|
| Revenue | NZ$1.36b |
| Cost of Revenue | NZ$0 |
| Gross Profit | NZ$1.36b |
| Expenses | NZ$1.38b |
| Earnings | -NZ$28.50m |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.039 |
| Gross Margin | 100.00% |
| Net Profit Margin | -2.10% |
| Debt/Equity Ratio | 66.9% |
How did IFT perform over the long term?
See historical performance and comparisonDividends
2.3%
Current Dividend Yield-457%
Payout RatioValuation
Is Infratil undervalued compared to its fair value and its price relative to the market?
1.59x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: IFT (NZ$7.82) is trading above our estimate of fair value (NZ$3.61)
Significantly Below Fair Value: IFT is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: IFT is unprofitable, so we can't compare its PE Ratio to the Global Electric Utilities industry average.
PE vs Market: IFT is unprofitable, so we can't compare its PE Ratio to the NZ market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate IFT's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: IFT is overvalued based on its PB Ratio (1.6x) compared to the XX Electric Utilities industry average (1.2x).
Future Growth
How is Infratil forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
49.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: IFT is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.1%).
Earnings vs Market: IFT is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: IFT's is expected to become profitable in the next 3 years.
Revenue vs Market: IFT's revenue is expected to decline over the next 3 years (-10.5% per year).
High Growth Revenue: IFT's revenue is forecast to decline over the next 3 years (-10.5% 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 (3%).
Past Performance
How has Infratil performed over the past 5 years?
-56.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IFT is currently unprofitable.
Growing Profit Margin: IFT is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: IFT is unprofitable, and losses have increased over the past 5 years at a rate of 56% per year.
Accelerating Growth: Unable to compare IFT's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: IFT is unprofitable, making it difficult to compare its past year earnings growth to the Electric Utilities industry (-12.6%).
Return on Equity
High ROE: IFT has a negative Return on Equity (0.52%), as it is currently unprofitable.
Financial Health
How is Infratil's financial position?
Financial Position Analysis
Short Term Liabilities: IFT's short term assets (NZ$1.5B) exceed its short term liabilities (NZ$779.6M).
Long Term Liabilities: IFT's short term assets (NZ$1.5B) do not cover its long term liabilities (NZ$3.5B).
Debt to Equity History and Analysis
Debt Level: IFT's net debt to equity ratio (41.9%) is considered high.
Reducing Debt: IFT's debt to equity ratio has reduced from 93% to 66.9% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: IFT has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: IFT has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 53.9% each year
Dividend
What is Infratil current dividend yield, its reliability and sustainability?
2.30%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: IFT's dividend (2.3%) isn’t notable compared to the bottom 25% of dividend payers in the NZ market (2.76%).
High Dividend: IFT's dividend (2.3%) is low compared to the top 25% of dividend payers in the NZ market (4.97%).
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: IFT is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: IFT's dividends in 3 years are not forecast to be well covered by earnings (132.3% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.8yrs
Average management tenure
CEO
Jason Boyes (76 yo)
0.75
Tenure
Mr. Jason Boyes has been Chief Executive Officer and Director of Infratil Limited since April 1, 2021. Mr. Boyes served as Head of European Operations at Infratil Limited until April 1, 2021. Mr. Boyes ser...
Leadership Team
Experienced Management: IFT's management team is considered experienced (2.8 years average tenure).
Board Members
Experienced Board: IFT's board of directors are considered experienced (5.2 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: IFT insiders have bought more shares than they have sold 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
Infratil Limited's employee growth, exchange listings and data sources
Key Information
- Name: Infratil Limited
- Ticker: IFT
- Exchange: NZSE
- Founded: 1994
- Industry: Electric Utilities
- Sector: Utilities
- Implied Market Cap: NZ$5.662b
- Shares outstanding: 723.98m
- Website: https://infratil.com
Number of Employees
Location
- Infratil Limited
- 5 Market Lane
- PO Box 320
- Wellington
- 6140
- New Zealand
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/22 06:01 |
| End of Day Share Price | 2022/01/21 00:00 |
| Earnings | 2021/09/30 |
| Annual Earnings | 2021/03/31 |
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.