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NWF

NZ WindfarmsNZSE:NWF Stock Report

Last Price

NZ$0.22

Market Cap

NZ$63.4m

7D

-2.2%

1Y

14.0%

Updated

22 Jan, 2022

Data

Company Financials
NWF fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance1/6
Financial Health3/6
Dividends0/6

NWF Stock Overview

NZ Windfarms Limited generates and sells electricity to the national grid in New Zealand.

Price History & Performance

Summary of all time highs, changes and price drops for NZ Windfarms
Historical stock prices
Current Share PriceNZ$0.22
52 Week HighNZ$0.29
52 Week LowNZ$0.16
Beta0.33
1 Month Change-4.35%
3 Month Change-6.38%
1 Year Change13.99%
3 Year Change57.14%
5 Year Change165.06%
Change since IPO-81.67%

Recent News & Updates

Sep 10
There's Been No Shortage Of Growth Recently For NZ Windfarms' (NZSE:NWF) Returns On Capital

There's Been No Shortage Of Growth Recently For NZ Windfarms' (NZSE:NWF) Returns On Capital

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...

May 24
Returns On Capital Are Showing Encouraging Signs At NZ Windfarms (NZSE:NWF)

Returns On Capital Are Showing Encouraging Signs At NZ Windfarms (NZSE:NWF)

There are a few key trends to look for if we want to identify the next multi-bagger. In a perfect world, we'd like to...

Mar 30
Is NZ Windfarms (NZSE:NWF) Using Too Much Debt?

Is NZ Windfarms (NZSE:NWF) Using Too Much Debt?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Mar 09
Have Insiders Been Selling NZ Windfarms Limited (NZSE:NWF) Shares?

Have Insiders Been Selling NZ Windfarms Limited (NZSE:NWF) Shares?

It is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we'd be...

Feb 16
Will NZ Windfarms' (NZSE:NWF) Growth In ROCE Persist?

Will NZ Windfarms' (NZSE:NWF) Growth In ROCE Persist?

There are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'd want to identify a...

Shareholder Returns

NWFNZ Renewable EnergyNZ Market
7D-2.2%-2.7%-3.1%
1Y14.0%-41.1%-11.4%

Return vs Industry: NWF exceeded the NZ Renewable Energy industry which returned -41.1% over the past year.

Return vs Market: NWF exceeded the NZ Market which returned -11.4% over the past year.

Price Volatility

Is NWF's price volatile compared to industry and market?
NWF volatility
NWF Average Weekly Movement4.5%
Renewable Energy Industry Average Movement6.0%
Market Average Movement3.8%
10% most volatile stocks in NZ Market6.5%
10% least volatile stocks in NZ Market2.4%

Stable Share Price: NWF is not significantly more volatile than the rest of NZ stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: NWF's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2002n/aWarren Koiahttps://www.nzwindfarms.co.nz

NZ Windfarms Limited generates and sells electricity to the national grid in New Zealand. The company operates the Te Rere Hau wind farm, including 92 turbines with the capacity of 46 megawatts located in the North Range road in the Taraua Ranges. It serves 16,000 homes.

NZ Windfarms Fundamentals Summary

How do NZ Windfarms's earnings and revenue compare to its market cap?
NWF fundamental statistics
Market CapNZ$63.37m
Earnings (TTM)NZ$311.68k
Revenue (TTM)NZ$15.64m

203.7x

P/E Ratio

4.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NWF income statement (TTM)
RevenueNZ$15.64m
Cost of RevenueNZ$1.80m
Gross ProfitNZ$13.84m
ExpensesNZ$13.53m
EarningsNZ$311.68k

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.0011
Gross Margin88.48%
Net Profit Margin1.99%
Debt/Equity Ratio23.8%

How did NWF perform over the long term?

See historical performance and comparison

Dividends

2.7%

Current Dividend Yield

925%

Payout Ratio

Valuation

Is NZ Windfarms undervalued compared to its fair value and its price relative to the market?

203.7x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: NWF (NZ$0.22) is trading above our estimate of fair value (NZ$0.08)

Significantly Below Fair Value: NWF is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: NWF is poor value based on its PE Ratio (203.7x) compared to the Global Renewable Energy industry average (18.5x).

PE vs Market: NWF is poor value based on its PE Ratio (203.7x) compared to the NZ market (17.6x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: NWF is overvalued based on its PB Ratio (1.7x) compared to the XO Renewable Energy industry average (1.4x).


Future Growth

How is NZ Windfarms forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

26.3%

Forecasted Utilities 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 NZ Windfarms 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 NZ Windfarms performed over the past 5 years?

32.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NWF has a large one-off gain of NZ$3.0M impacting its June 30 2021 financial results.

Growing Profit Margin: NWF's current net profit margins (2%) are lower than last year (17%).


Past Earnings Growth Analysis

Earnings Trend: NWF has become profitable over the past 5 years, growing earnings by 32.2% per year.

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

Earnings vs Industry: NWF had negative earnings growth (-82%) over the past year, making it difficult to compare to the Renewable Energy industry average (10.8%).


Return on Equity

High ROE: NWF's Return on Equity (0.8%) is considered low.


Financial Health

How is NZ Windfarms's financial position?


Financial Position Analysis

Short Term Liabilities: NWF's short term assets (NZ$5.4M) do not cover its short term liabilities (NZ$8.4M).

Long Term Liabilities: NWF's short term assets (NZ$5.4M) do not cover its long term liabilities (NZ$8.2M).


Debt to Equity History and Analysis

Debt Level: NWF's net debt to equity ratio (17.2%) is considered satisfactory.

Reducing Debt: NWF's debt to equity ratio has increased from 0% to 23.8% over the past 5 years.

Debt Coverage: NWF's debt is well covered by operating cash flow (54.7%).

Interest Coverage: NWF's interest payments on its debt are well covered by EBIT (33x coverage).


Balance Sheet


Dividend

What is NZ Windfarms's current dividend yield, its reliability and sustainability?

2.73%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: NWF's dividend (2.73%) isn’t notable compared to the bottom 25% of dividend payers in the NZ market (2.76%).

High Dividend: NWF's dividend (2.73%) is low compared to the top 25% of dividend payers in the NZ market (4.97%).


Stability and Growth of Payments

Stable Dividend: NWF has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: NWF has only been paying a dividend for 4 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (925.1%), NWF's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

2.7yrs

Average board tenure


CEO

Warren Koia

no data

Tenure

Mr. Warren Koia serves as the Chief Executive Officer at NZ Windfarms Limited.


Board Members

Experienced Board: NWF's board of directors are not considered experienced ( 2.7 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: 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

NZ Windfarms Limited's employee growth, exchange listings and data sources


Key Information

  • Name: NZ Windfarms Limited
  • Ticker: NWF
  • Exchange: NZSE
  • Founded: 2002
  • Industry: Renewable Electricity
  • Sector: Utilities
  • Implied Market Cap: NZ$63.374m
  • Shares outstanding: 288.06m
  • Website: https://www.nzwindfarms.co.nz

Location

  • NZ Windfarms Limited
  • 376 North Range Road
  • Summerhill
  • Palmerston North
  • 4448
  • 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
Earnings2021/06/30
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.