Financials New Zealand Rural Land Company Limited

Equities

NZL

NZNZLE0001S2

Real Estate Development & Operations

End-of-day quote New Zealand S.E. Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
0.91 ^NZD	0.00%		-3.19%	+8.33%

Feb. 29	New Zealand Rural Land Company Limited Reports Earnings Results for the Full Year Ended December 31, 2023	CI
Feb. 29	New Zealand Rural Land Posts 2023 Revenue of NZ$15.4 Million; Shares Fall 3%	MT

Valuation

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Capitalization ¹	111.4	124.8	117.1	127.2	-	-
Enterprise Value (EV) ¹	111.4	224.6	262.3	252.7	249.6	248.3
P/E ratio	3.1 x	-	-	-	-	-
Yield	-	3.31%	-	4.29%	4.93%	5.46%
Capitalization / Revenue	-	15.2 x	9.34 x	6.06 x	5.71 x	5.6 x
EV / Revenue	-	27.3 x	20.9 x	12 x	11.2 x	10.9 x
EV / EBITDA	-	84 x	26 x	14.2 x	13.4 x	12.8 x
EV / FCF	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-
Price to Book	-	-	-	0.45 x	0.44 x	0.43 x
Nbr of stocks (in thousands)	96,900	115,602	139,352	139,829	-	-
Reference price ²	1.150	1.080	0.8400	0.9100	0.9100	0.9100
Announcement Date	8/30/21	8/25/22	8/25/23	-	-	-

¹NZD in Million²NZD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net sales ¹	-	8.215	12.53	21	22.29	22.74
EBITDA ¹	-	2.675	10.08	17.78	18.68	19.34
EBIT ¹	-	2.629	10.02	17.78	18.68	19.34
Operating Margin	-	32%	80%	84.67%	83.81%	85.06%
Earnings before Tax (EBT) ¹	-	39.11	8.028	13	16.7	13.5
Net income ¹	15.12	39.68	7.757	14.15	15.53	12.17
Net margin	-	483.02%	61.9%	67.35%	69.65%	53.5%
EPS	0.3713	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-
Dividend per Share ²	-	0.0358	-	0.0390	0.0449	0.0497
Announcement Date	8/30/21	8/25/22	8/25/23	-	-	-

¹NZD in Million²NZD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2022 S1
Net sales ¹	3.766
EBITDA	-
EBIT	-
Operating Margin	-
Earnings before Tax (EBT)	-
Net income	-
Net margin	-
EPS	-
Dividend per Share	-
Announcement Date	2/22/22

¹NZD in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	99.8	145	125	122	121
Net Cash position ¹	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	37.29 x	14.41 x	7.057 x	6.548 x	6.258 x
Free Cash Flow	-	-	-	-	-	-
ROE (net income / shareholders' equity)	-	2.92%	3.87%	3.72%	3.97%	3.61%
ROA (Net income/ Total Assets)	-	-	2.38%	4.42%	4.57%	4.7%
Assets ¹	-	-	325.8	320	339.8	258.9
Book Value Per Share ²	-	-	-	2.020	2.090	2.110
Cash Flow per Share	-	-	-	-	-	-
Capex ¹	-	0.18	0.12	0.58	0.6	0.7
Capex / Sales	-	2.2%	0.97%	2.77%	2.68%	3.07%
Announcement Date	8/30/21	8/25/22	8/25/23	-	-	-

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

Ratings for New Zealand Rural Land Company Limited

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

0.91 NZD

Average target price

1.09 NZD

Spread / Average Target

+19.78%

Consensus

Annual profits - Rate of surprise

Company calendar

Sector Other Real Estate Development & Operations

	1st Jan change	Capi.
NEW ZEALAND RURAL LAND COMPANY LIMITED	+8.33%	75.46M
MITSUI FUDOSAN CO., LTD.	+36.16%	27.94B
SUN HUNG KAI PROPERTIES LIMITED	-13.74%	26.97B
DLF LIMITED	+25.00%	26.95B
CHINA RESOURCES LAND LIMITED	-0.71%	25.32B
MITSUBISHI ESTATE CO., LTD.	+44.49%	22.58B
EMAAR PROPERTIES	+2.78%	19.59B
CHINA OVERSEAS LAND & INVESTMENT LTD.	+1.45%	19.52B
SUMITOMO REALTY & DEVELOPMENT CO., LTD.	+28.54%	16.23B
CK ASSET HOLDINGS LIMITED	-14.80%	14.98B

Other Real Estate Development & Operations