KIWI PROPERTY GROUP

KPG
End-of-day quote. End-of-day quote  - 11/30
1.155NZD +1.32%
Valuation
Fiscal Period: March 2021 2022
Capitalization1 1 9461 813
Entreprise Value (EV)1 3 0112 736
P/E ratio 9,90x9,79x
Yield 4,15%4,75%
Capitalization / Revenue 11,2x9,72x
EV / Revenue 17,3x14,7x
EV / EBITDA 19,8x16,7x
Price to Book 0,91x0,80x
Nbr of stocks (in thousands) 1 569 3691 570 095
Reference price (NZD) 1,241,16
Announcement Date 05/23/2021-
Previous period Next period
1 NZD in Million
Estimates
Income Statement Evolution
Annual Income Statement Data
Fiscal Period: March 2021 2022
Net sales1 174187
EBITDA1 152164
Operating profit (EBIT)1 152161
Operating Margin 87,6%86,3%
Pre-Tax Profit (EBT)1 222289
Net income1 197214
Net margin 113%114%
EPS2 0,130,12
Dividend per Share2 0,050,05
Announcement Date 05/23/2021-
Previous period Next period
1 NZD in Million
2 NZD
Finances - Leverage
Fiscal Period: March 2021 2022
Net Debt1 1 065923
Net Cash position1 --
Leverage (Debt / EBITDA) 7,01x5,64x
Free Cash Flow1 -25,1
ROE (Net Profit / Equities) 5,01%4,83%
Shareholders' equity1 3 9254 418
ROA (Net Profit / Asset) 3,15%5,00%
Assets1 6 2344 275
Book Value Per Share2 1,361,44
Cash Flow per Share --
Capex1 10374,1
Capex / Sales 59,5%39,7%
Announcement Date 05/23/2021-
Previous period Next period
1 NZD in Million
2 NZD
Financial Ratios
Size 2022e 2023e
Capitalization 1 813 M NZD -
Entreprise Value (EV) 2 736 M NZD 2 752 M NZD
Valuation 2022e 2023e
P/E ratio (Price / EPS) 9,79x 11,7x
Capitalization / Revenue 9,72x 11,1x
EV / Revenue 14,7x 16,7x
EV / EBITDA 16,7x 19,3x
Yield (DPS / Price) 4,75% 4,82%
Price to book (Price / BVPS) 0,80x 0,78x
Profitability 2022e 2023e
Operating Margin (EBIT / Sales) 86,3% 85,2%
Operating Leverage (Delta EBIT / Delta Sales) 0,79x -1,09x
Net Margin (Net Profit / Revenue) 114% 100%
ROA (Net Profit / Asset) 5,00% 4,22%
ROE (Net Profit / Equities) 4,83% 4,20%
Rate of Dividend 46,5% 56,3%
Balance Sheet Analysis 2022e 2023e
CAPEX / Sales   39,7% 108%
Cash Flow / Sales - -
Capital Intensity (Assets / Sales) 22,9x 23,8x
Financial Leverage (Net Debt / EBITDA) 5,64x 6,61x
Price Earning Ratio
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
EPS & Dividend