ARGOSY PROPERTY LIMITED |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1.11 NZD | 0.00% |
|
-2.20% | -0.89% |
| Apr. 03 | Argosy Property Sells Non-Core Asset in Auckland for NZ$35.2 Million | MT |
| 2023 | Transcript : Argosy Property Limited, H1 2024 Earnings Call, Nov 29, 2023 |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,059 | 744.5 | 1,196 | 1,168 | 939.9 | 940.4 | - | - |
| Enterprise Value (EV) 1 | 1,654 | 1,522 | 1,991 | 1,905 | 1,698 | 1,686 | 1,681 | 1,696 |
| P/E ratio | 7.92 x | 6.25 x | 4.94 x | 4.93 x | -11.6 x | -28.2 x | 11.6 x | 7.76 x |
| Yield | 4.9% | 7.06% | 4.49% | 4.75% | 5.99% | 6% | 5.94% | 5.94% |
| Capitalization / Revenue | 10.3 x | 7.47 x | 11.1 x | 11.1 x | 8.33 x | 7.96 x | 7.83 x | 7.51 x |
| EV / Revenue | 16.1 x | 15.3 x | 18.5 x | 18.1 x | 15.1 x | 14.3 x | 14 x | 13.5 x |
| EV / EBITDA | 18.1 x | 17.3 x | 20.8 x | 20.4 x | 16.6 x | 15.7 x | 15.5 x | 14.9 x |
| EV / FCF | 24.7 x | - | - | - | - | 23.9 x | 20.7 x | 51.1 x |
| FCF Yield | 4.05% | - | - | - | - | 4.19% | 4.83% | 1.96% |
| Price to Book | 1.05 x | 0.69 x | 0.94 x | 0.79 x | 0.7 x | 0.75 x | 0.76 x | 0.73 x |
| Nbr of stocks (in thousands) | 827,030 | 827,187 | 833,776 | 846,551 | 846,724 | 847,169 | - | - |
| Reference price 2 | 1.280 | 0.9000 | 1.435 | 1.380 | 1.110 | 1.110 | 1.110 | 1.110 |
| Announcement Date | 5/22/19 | 5/19/20 | 5/19/21 | 5/17/22 | 5/16/23 | - | - | - |
1NZD in Million2NZD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 102.5 | 99.7 | 107.7 | 105.1 | 112.8 | 118.2 | 120.1 | 125.3 |
| EBITDA 1 | 91.53 | 88.2 | 95.6 | 93.3 | 102 | 107.1 | 108.7 | 113.6 |
| EBIT 1 | 91.53 | 88.2 | 95.6 | 93.3 | 102 | 107.1 | 108.7 | 113.6 |
| Operating Margin | 89.33% | 88.47% | 88.77% | 88.77% | 90.43% | 90.62% | 90.51% | 90.64% |
| Earnings before Tax (EBT) 1 | 143.3 | 123.9 | 248.4 | 241.2 | - | -55.8 | - | - |
| Net income 1 | 133.7 | 119.1 | 241.7 | 236.2 | -80.8 | -42.39 | 49 | 113.1 |
| Net margin | 130.45% | 119.46% | 224.42% | 224.74% | -71.63% | -35.87% | 40.79% | 90.27% |
| EPS 2 | 0.1616 | 0.1440 | 0.2904 | 0.2801 | -0.0955 | -0.0393 | 0.0960 | 0.1431 |
| Free Cash Flow 1 | 66.95 | - | - | - | - | 70.6 | 81.2 | 33.2 |
| FCF margin | 65.34% | - | - | - | - | 59.74% | 67.59% | 26.5% |
| FCF Conversion (EBITDA) | 73.15% | - | - | - | - | 65.92% | 74.68% | 29.24% |
| FCF Conversion (Net income) | 50.09% | - | - | - | - | - | 165.71% | 29.36% |
| Dividend per Share 2 | 0.0628 | 0.0635 | 0.0645 | 0.0655 | 0.0665 | 0.0666 | 0.0659 | 0.0659 |
| Announcement Date | 5/22/19 | 5/19/20 | 5/19/21 | 5/17/22 | 5/16/23 | - | - | - |
1NZD in Million2NZD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 51.01 | 48.69 | 51.1 | 56.6 | 53.07 | 52.03 | 54.95 |
| EBITDA | - | - | - | - | - | - | - |
| EBIT 1 | - | - | - | 50.41 | 47.22 | 46.08 | 49.77 |
| Operating Margin | - | - | - | 89.05% | 88.98% | 88.56% | 90.56% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - |
| Net income | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - |
| EPS | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | 0.0328 | - | - |
| Announcement Date | 11/20/19 | 5/19/20 | 11/25/20 | 5/19/21 | 11/23/21 | 5/17/22 | 11/22/22 |
1NZD in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 596 | 777 | 794 | 737 | 758 | 745 | 740 | 756 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 6.509 x | 8.812 x | 8.309 x | 7.9 x | 7.431 x | 6.959 x | 6.807 x | 6.654 x |
| Free Cash Flow 1 | 67 | - | - | - | - | 70.6 | 81.2 | 33.2 |
| ROE (net income / shareholders' equity) | 5.93% | 5.72% | 5.75% | 4.7% | 4.57% | 4.63% | 4.77% | 4.94% |
| ROA (Net income/ Total Assets) | 3.56% | 6.61% | 3.31% | - | 2.85% | 5.11% | 5.45% | 5.58% |
| Assets 1 | 3,752 | 1,802 | 7,295 | - | -2,834 | -829.6 | 899.1 | 2,027 |
| Book Value Per Share 2 | 1.220 | 1.300 | 1.530 | 1.740 | 1.580 | 1.470 | 1.470 | 1.530 |
| Cash Flow per Share 2 | 0.0800 | 0.0700 | - | - | 0.0800 | 0.0700 | 0.0700 | 0.0700 |
| Capex 1 | 89.8 | 101 | 68.8 | 59.9 | 54.3 | 27.7 | 47.9 | 46.3 |
| Capex / Sales | 87.66% | 101.06% | 63.9% | 56.96% | 48.11% | 23.47% | 39.89% | 36.93% |
| Announcement Date | 5/22/19 | 5/19/20 | 5/19/21 | 5/17/22 | 5/16/23 | - | - | - |
1NZD in Million2NZD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B-
Sell
Buy
Mean consensus
HOLD
Number of Analysts
4
Last Close Price
1.11
NZD
Average target price
1.18
NZD
Spread / Average Target
+6.31%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -0.89% | 558M | |
| +36.16% | 27.94B | |
| -13.74% | 26.97B | |
| +25.00% | 26.95B | |
| -0.71% | 25.32B | |
| +44.49% | 22.58B | |
| +2.78% | 19.59B | |
| +1.45% | 19.52B | |
| +28.54% | 16.23B | |
| -14.80% | 14.98B |
- Stock Market
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- Financials Argosy Property Limited
