New Zealand King Salmon Co Ltd
NZX:NZK
Intrinsic Value
New Zealand King Salmon Investments Ltd. is a holding company, which engages in the farming, processing and sale of salmon products. [ Read More ]
The intrinsic value of one
NZK
stock under the Base Case scenario is
0.3
NZD.
Compared to the current market price of 0.26 NZD,
New Zealand King Salmon Co Ltd
is
Undervalued by 14%.
New Zealand King Salmon Co Ltd's market capitalization is 140.8m NZD.
NZK stock price is 0.26 NZD.
NZK stock price (0.26 NZD) is 14% less than its Intrinsic Value (0.3 NZD).
NZK stock (0.24 NZD) is 9% less than its price (0.26 NZD). Open Relative Valuation
NZK has downside potential of 4% compared to the average analyst price target.
Open Wall St Estimates
NZK has positive Gross Profit for the last twelve months.
NZK's ROIC (Return on Invested Capital) for the past 12 months is positive and is equal to 15%.
NZK's ROE (Return on Equity) for the past 12 months is positive and is equal to 16%.
NZK's Revenue is forecast to fall at a rate of 4% per year over the next 3 years.
NZK has positive Free Cash Flow for the last twelve months.
NZK's Revenue has grown by 19% over the past 12 months.
NZK's ROIC (Return on Invested Capital) has significantly increased in the last 3 years from -2% to 15%.
NZK's ROE (Return on Equity) has significantly increased in the last 3 years from -4% to 16%.
NZK's Revenue has been growing by an exceptional 27% per year for the last 3 years.
NZK has positive Operating Income for the last twelve months.
NZK has positive Net Income for the last twelve months.
NZK has negative three-year average ROIC (Return on Invested Capital): -3%. The company is not efficient at using invested capital to generate operating income.
NZK has negative Net Debt. This means that the company has more cash and short-term investments (27m NZD) than debt (11m NZD).
NZK has negative three-year average ROE (Return on Equity): -10%. The company is not efficient at transforming stockholders' equity into net income.
NZK's Altman Z-Score is very high and is equal to 4.14.
NZK's D/E (Debt to Equity) is very low and is equal to 0.06.
NZK's short-term assets (166m NZD) exceed its short-term liabilties (30m NZD).
NZK's long-term assets (239m NZD) exceed its long-term liabilties (49m NZD).
NZK doesn't generate enough operating income (39m NZD) to safely cover interest payments on its debt (-308k NZD).
Valuation Backtest
New Zealand King Salmon Co Ltd
Run backtest to discover the historical profit from buying and selling
NZK
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Fundamental Analysis
New Zealand King Salmon Co Ltd
Balance Sheet Decomposition
New Zealand King Salmon Co Ltd
| Current Assets | 165.8m |
| Cash & Short-Term Investments | 26.9m |
| Receivables | 15.4m |
| Other Current Assets | 123.5m |
| Non-Current Assets | 73.1m |
| PP&E | 67m |
| Intangibles | 3.3m |
| Other Non-Current Assets | 2.8m |
| Current Liabilities | 29.6m |
| Accounts Payable | 15.5m |
| Accrued Liabilities | 4m |
| Short-Term Debt | 2.7m |
| Other Current Liabilities | 7.5m |
| Non-Current Liabilities | 19m |
| Long-Term Debt | 7.9m |
| Other Non-Current Liabilities | 11.2m |
Earnings Waterfall
New Zealand King Salmon Co Ltd
|
Revenue
|
257.4m
NZD
|
|
Cost of Revenue
|
-192m
NZD
|
|
Gross Profit
|
65.4m
NZD
|
|
Operating Expenses
|
-26m
NZD
|
|
Operating Income
|
39.4m
NZD
|
|
Other Expenses
|
-10.9m
NZD
|
|
Net Income
|
28.5m
NZD
|
Free Cash Flow Analysis
New Zealand King Salmon Co Ltd
NZK Profitability Score
Profitability Due Diligence
New Zealand King Salmon Co Ltd's profitability score is 44/100. The higher the profitability score, the more profitable the company is.
Score
New Zealand King Salmon Co Ltd's profitability score is 44/100. The higher the profitability score, the more profitable the company is.
NZK Solvency Score
Solvency Due Diligence
New Zealand King Salmon Co Ltd's solvency score is 69/100. The higher the solvency score, the more solvent the company is.
Score
New Zealand King Salmon Co Ltd's solvency score is 69/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
NZK Price Targets Summary
New Zealand King Salmon Co Ltd
According to Wall Street analysts, the average 1-year price target for
NZK
is 0.25 NZD
with a low forecast of 0.21 NZD and a high forecast of 0.29 NZD.
Shareholder Return
NZK Price
New Zealand King Salmon Co Ltd
| Average Annual Return | -37.08% |
| Standard Deviation of Annual Returns | 31.73% |
| Max Drawdown | -94% |
| Market Capitalization | 140.8m NZD |
| Shares Outstanding | 538 182 016 |
| Percentage of Shares Shorted |
N/A
|
Company Profile
New Zealand King Salmon Co Ltd
Country
Industry
Market Cap
Dividend Yield
Description
New Zealand King Salmon Investments Ltd. is a holding company, which engages in the farming, processing and sale of salmon products. The company is headquartered in Nelson, Nelson. The company went IPO on 2016-10-19. The firm is engaged in supplying salmon under brands, including Ora King, Regal and Southern Ocean. The firm owns and operates approximately eight seafarms in the Marlborough Sounds, harvesting and processing over 6,000 metric tons (MT) of King salmon a year. The firm controls various elements of the value chain from breeding and growing to harvesting and processing. Through classical breeding, responsible husbandry, selective grading and careful handling, the Company offers King salmon under Ora King brand. The firm's Regal salmon brand is available in a range of salmon cuts, as well as a range of smoked salmon products, including cold smoked slices and wood roasted fillets. The firm's Southern Ocean brand offers a range of smoked salmon products. The firm offers salmon products to a range of chefs, retailers and wholesalers in New Zealand and around the world.
Contact
IPO
Employees
Officers
The intrinsic value of one
NZK
stock under the Base Case scenario is
0.3
NZD.
Compared to the current market price of 0.26 NZD,
New Zealand King Salmon Co Ltd
is
Undervalued by 14%.
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