Financials Tower Limited

Equities

TWR

NZTWRE0011S2

Property & Casualty Insurance

End-of-day quote New Zealand S.E. 06:00:00 2024-04-16 pm EDT 5-day change 1st Jan Change
0.83 NZD +7.79% Intraday chart for Tower Limited +20.29% +36.07%

Valuation

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 232.8 253 274.1 242.9 235.3 292.2 - -
Enterprise Value (EV) 1 232.8 253 197.4 193.4 171.3 225 222.9 221.1
P/E ratio 14.6 x 21.1 x 14.7 x 13.5 x -207 x 6.26 x 6.14 x 4.43 x
Yield - - 7.69% 10.2% - 2.41% 9.94% 10.8%
Capitalization / Revenue 0.77 x 0.79 x 0.81 x 0.68 x 0.6 x 0.52 x 0.46 x 0.41 x
EV / Revenue 0.77 x 0.79 x 0.58 x 0.54 x 0.44 x 0.4 x 0.35 x 0.31 x
EV / EBITDA 6.75 x 6.9 x 4.28 x 4.22 x 5.38 x 3.56 x 3.09 x 2.79 x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 0.79 x 0.73 x 0.79 x 0.76 x 0.78 x 1.23 x 1.13 x 1.05 x
Nbr of stocks (in thousands) 337,324 421,647 421,647 379,484 379,484 379,484 - -
Reference price 2 0.6900 0.6000 0.6500 0.6400 0.6200 0.8300 0.8300 0.8300
Announcement Date 11/19/19 11/25/20 11/23/21 11/22/22 11/22/23 - - -
1NZD in Million2NZD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 303.4 322.1 340.1 357.2 393.1 556.7 638.1 713.4
EBITDA 1 34.48 36.66 46.1 45.81 31.81 63.18 72.08 79.23
EBIT 1 - - 28.83 26.1 8.357 36.7 44 49.89
Operating Margin - - 8.48% 7.31% 2.13% 6.59% 6.9% 6.99%
Earnings before Tax (EBT) 1 26 20.25 28.45 25.2 7.437 37.9 44.6 50.49
Net income 1 16.56 11.89 18.68 18.8 -1.228 50.28 51.31 71.15
Net margin 5.46% 3.69% 5.49% 5.26% -0.31% 9.03% 8.04% 9.97%
EPS 2 0.0473 0.0285 0.0443 0.0473 -0.003000 0.1325 0.1352 0.1875
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 - - 0.0500 0.0650 - 0.0200 0.0825 0.0900
Announcement Date 11/19/19 11/25/20 11/23/21 11/22/22 11/22/23 - - -
1NZD in Million2NZD
Estimates

Balance Sheet Analysis

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 - - 76.7 49.4 64 67.2 69.3 71.1
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 5.87% 3.74% 5.44% 5.3% 2.55% 11.6% 11.9% 19.6%
ROA (Net income/ Total Assets) - - - - - - - -
Assets 1 - - - - - - - -
Book Value Per Share 2 0.8700 0.8300 0.8200 0.8400 0.7900 0.6800 0.7400 0.7900
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 11/19/19 11/25/20 11/23/21 11/22/22 11/22/23 - - -
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
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
0.83 NZD
Average target price
0.81 NZD
Spread / Average Target
-2.41%
Consensus

Annual profits - Rate of surprise

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