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IFT

InfratilNZSE:IFT Stock Report

Last Price

NZ$7.82

Market Cap

NZ$5.7b

7D

-4.3%

1Y

6.0%

Updated

22 Jan, 2022

Data

Company Financials +
IFT fundamental analysis
Snowflake Score
Valuation0/6
Future Growth3/6
Past Performance0/6
Financial Health4/6
Dividends2/6

IFT Stock Overview

Infratil Limited owns and operates infrastructure businesses and investments primarily in New Zealand, Australia, the United States, and Europe.

Rewards

Earnings are forecast to grow 49.91% per year

Risk Analysis

No risks detected for IFT from our risk checks.

Price History & Performance

Summary of all time highs, changes and price drops for Infratil
Historical stock prices
Current Share PriceNZ$7.82
52 Week HighNZ$8.47
52 Week LowNZ$6.74
Beta0.83
1 Month Change-1.64%
3 Month Change-5.56%
1 Year Change5.96%
3 Year Change108.81%
5 Year Change167.81%
Change since IPO1,563.83%

Recent News & Updates

Shareholder Returns

IFTNZ Electric UtilitiesNZ Market
7D-4.3%-3.0%-3.1%
1Y6.0%-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

Is IFT's price volatile compared to industry and market?
IFT volatility
IFT Average Weekly Movement2.5%
Electric Utilities Industry Average Movement2.5%
Market Average Movement3.8%
10% most volatile stocks in NZ Market6.5%
10% least volatile stocks in NZ Market2.4%

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

FoundedEmployeesCEOWebsite
19943,760Jason Boyeshttps://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


Earnings & Revenue

Key profitability statistics from the latest earnings report
IFT income statement (TTM)
RevenueNZ$1.36b
Cost of RevenueNZ$0
Gross ProfitNZ$1.36b
ExpensesNZ$1.38b
Earnings-NZ$28.50m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.039
Gross Margin100.00%
Net Profit Margin-2.10%
Debt/Equity Ratio66.9%

How did IFT perform over the long term?

See historical performance and comparison

Dividends

2.3%

Current Dividend Yield

-457%

Payout Ratio

Valuation

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/22 06:01
End of Day Share Price2022/01/21 00:00
Earnings2021/09/30
Annual Earnings2021/03/31


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.