MNW Stock Overview
Manawa Energy Limited engages in the ownership and operation of electricity generation facilities in New Zealand.
Manawa Energy Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||NZ$6.25|
|52 Week High||NZ$8.33|
|52 Week Low||NZ$5.87|
|1 Month Change||2.46%|
|3 Month Change||-9.55%|
|1 Year Change||-24.24%|
|3 Year Change||-18.83%|
|5 Year Change||11.81%|
|Change since IPO||27.03%|
Recent News & Updates
Manawa Energy's (NZSE:MNW) Dividend Will Be Increased To NZ$0.54
Manawa Energy Limited's ( NZSE:MNW ) dividend will be increasing to NZ$0.54 on 17th of June. This will take the...
|MNW||NZ Electric Utilities||NZ Market|
Return vs Industry: MNW underperformed the NZ Electric Utilities industry which returned -2.1% over the past year.
Return vs Market: MNW underperformed the NZ Market which returned -11.4% over the past year.
|MNW Average Weekly Movement||3.0%|
|Electric Utilities Industry Average Movement||3.5%|
|Market Average Movement||4.3%|
|10% most volatile stocks in NZ Market||8.3%|
|10% least volatile stocks in NZ Market||2.9%|
Stable Share Price: MNW is less volatile than 75% of NZ stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: MNW's weekly volatility (3%) has been stable over the past year.
About the Company
Manawa Energy Limited engages in the ownership and operation of electricity generation facilities in New Zealand. The company is also involved in the generation of renewable electricity through hydro power schemes; and supply of water to Canterbury irrigators. It operates approximately 26 power schemes in New Zealand with a total installed capacity of 498MW.
Manawa Energy Fundamentals Summary
|MNW fundamental statistics|
Is MNW overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MNW income statement (TTM)|
|Cost of Revenue||NZ$112.66m|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||0.34|
|Net Profit Margin||32.67%|
How did MNW perform over the long term?See historical performance and comparison
10.7%Current Dividend Yield
Is MNW undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 5/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for MNW?
Other financial metrics that can be useful for relative valuation.
|What is MNW's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does MNW's PE Ratio compare to its peers?
|MNW PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
GNE Genesis Energy
CEN Contact Energy
MCY Mercury NZ
MNW Manawa Energy
Price-To-Earnings vs Peers: MNW is good value based on its Price-To-Earnings Ratio (18.5x) compared to the peer average (62.5x).
Price to Earnings Ratio vs Industry
How does MNW's PE Ratio compare vs other companies in the Global Electric Utilities Industry?
Price-To-Earnings vs Industry: MNW is good value based on its Price-To-Earnings Ratio (18.5x) compared to the NZ Electric Utilities industry average (34.1x)
Price to Earnings Ratio vs Fair Ratio
What is MNW's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||18.5x|
|Fair PE Ratio||29.6x|
Price-To-Earnings vs Fair Ratio: MNW is good value based on its Price-To-Earnings Ratio (18.5x) compared to the estimated Fair Price-To-Earnings Ratio (29.6x).
Share Price vs Fair Value
What is the Fair Price of MNW when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: MNW (NZ$6.25) is trading below our estimate of fair value (NZ$9.67)
Significantly Below Fair Value: MNW is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is less than 20% higher than the current share price.
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How is Manawa Energy forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MNW's earnings are forecast to decline over the next 3 years (-1.8% per year).
Earnings vs Market: MNW's earnings are forecast to decline over the next 3 years (-1.8% per year).
High Growth Earnings: MNW's earnings are forecast to decline over the next 3 years.
Revenue vs Market: MNW's revenue (3.3% per year) is forecast to grow slower than the NZ market (6.2% per year).
High Growth Revenue: MNW's revenue (3.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MNW's Return on Equity is forecast to be low in 3 years time (9.2%).
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How has Manawa Energy performed over the past 5 years?
Past Performance Score4/6
Past Performance Score 4/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MNW has high quality earnings.
Growing Profit Margin: MNW's current net profit margins (32.7%) are higher than last year (6.5%).
Past Earnings Growth Analysis
Earnings Trend: MNW's earnings have declined by 4.5% per year over the past 5 years.
Accelerating Growth: MNW's earnings growth over the past year (434.7%) exceeds its 5-year average (-4.5% per year).
Earnings vs Industry: MNW earnings growth over the past year (434.7%) exceeded the Electric Utilities industry 7.2%.
Return on Equity
High ROE: MNW's Return on Equity (10.4%) is considered low.
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How is Manawa Energy's financial position?
Financial Health Score2/6
Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: MNW's short term assets (NZ$402.2M) do not cover its short term liabilities (NZ$515.5M).
Long Term Liabilities: MNW's short term assets (NZ$402.2M) do not cover its long term liabilities (NZ$730.6M).
Debt to Equity History and Analysis
Debt Level: MNW's net debt to equity ratio (72%) is considered high.
Reducing Debt: MNW's debt to equity ratio has increased from 47.8% to 73% over the past 5 years.
Debt Coverage: MNW's debt is well covered by operating cash flow (21.3%).
Interest Coverage: MNW's interest payments on its debt are well covered by EBIT (6.4x coverage).
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What is Manawa Energy current dividend yield, its reliability and sustainability?
Dividend Score 2/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MNW's dividend (10.72%) is higher than the bottom 25% of dividend payers in the NZ market (2.99%).
High Dividend: MNW's dividend (10.72%) is in the top 25% of dividend payers in the NZ market (5.81%)
Stability and Growth of Payments
Stable Dividend: MNW has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: MNW's dividend payments have increased, but the company has only paid a dividend for 6 years.
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (97.9%), MNW's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (163%), MNW's dividend payments are not well covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
David Prentice (52 yo)
Dr. David Prentice, BEng (HONS), PhD, FEngNZ, serves as Chief Executive Officer of Manawa Energy Limited (formerly known as Trustpower Limited) since January 20, 2020. Dr. Prentice was an Independent Direc...
CEO Compensation Analysis
Compensation vs Market: David's total compensation ($USD636.34K) is below average for companies of similar size in the NZ market ($USD1.42M).
Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.
Experienced Board: MNW's board of directors are not considered experienced ( 0.9 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: MNW insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Manawa Energy Limited's employee growth, exchange listings and data sources
- Name: Manawa Energy Limited
- Ticker: MNW
- Exchange: NZSE
- Founded: 1915
- Industry: Electric Utilities
- Sector: Utilities
- Implied Market Cap: NZ$1.987b
- Shares outstanding: 312.97m
- Website: https://www.manawaenergy.co.nz
Number of Employees
- Manawa Energy Limited
- 108 Durham Street
- New Zealand
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/19 00:00|
|End of Day Share Price||2022/08/19 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.