MERCURY NZ LIMITED |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 6.4 NZD | -0.78% |
|
-0.62% | -3.03% |
| Mar. 08 | New Zealand Shares Jump on Friday, Fisher & Paykel Healthcare's Chair to Retire | MT |
| Mar. 08 | Fisher & Paykel Healthcare's Chair to Retire | MT |
Valuation
| Fiscal Period: Juni | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 6,335 | 6,403 | 9,087 | 7,902 | 9,014 | 8,922 | - | - |
| Enterprise Value (EV) 1 | 7,474 | 7,615 | 10,416 | 9,863 | 10,921 | 10,753 | 10,810 | 10,890 |
| P/E ratio | 17.7 x | 30.9 x | 64.4 x | 16.5 x | 87.4 x | 27.9 x | 30.2 x | 29 x |
| Yield | 3.33% | 3.36% | 2.55% | 3.54% | 3.35% | 3.65% | 4.02% | 4.28% |
| Capitalization / Revenue | 3.17 x | 3.62 x | 4.44 x | 3.61 x | 3.3 x | 3.02 x | 3.06 x | 3.01 x |
| EV / Revenue | 3.74 x | 4.31 x | 5.09 x | 4.51 x | 4 x | 3.64 x | 3.7 x | 3.67 x |
| EV / EBITDA | 14.8 x | 15.4 x | 22.5 x | 17 x | 13 x | 12.2 x | 12.2 x | 11.9 x |
| EV / FCF | 32.1 x | 47.3 x | 124 x | 41.4 x | 33.3 x | 34.7 x | 75.9 x | 28 x |
| FCF Yield | 3.12% | 2.11% | 0.81% | 2.41% | 3% | 2.88% | 1.32% | 3.57% |
| Price to Book | 1.79 x | 1.71 x | 2.17 x | 1.62 x | 1.86 x | 1.83 x | 1.82 x | 1.81 x |
| Nbr of stocks (in thousands) | 1,362,301 | 1,362,301 | 1,362,301 | 1,398,582 | 1,386,793 | 1,394,056 | - | - |
| Reference price 2 | 4.650 | 4.700 | 6.670 | 5.650 | 6.500 | 6.400 | 6.400 | 6.400 |
| Announcement Date | 8/19/19 | 8/17/20 | 8/16/21 | 8/16/22 | 8/20/23 | - | - | - |
1NZD in Million2NZD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: Juni | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,000 | 1,768 | 2,045 | 2,188 | 2,730 | 2,955 | 2,920 | 2,968 |
| EBITDA 1 | 505 | 494 | 463 | 581 | 841 | 882.1 | 887.9 | 912 |
| EBIT 1 | 301 | 280 | 242 | 288 | 497 | 539.4 | 535.5 | 559.4 |
| Operating Margin | 15.05% | 15.84% | 11.83% | 13.16% | 18.21% | 18.25% | 18.34% | 18.85% |
| Earnings before Tax (EBT) 1 | 430 | 248 | 173 | 510 | 142 | 423.9 | 409.1 | 436.3 |
| Net income 1 | 357 | 207 | 141 | 469 | 103 | 322.7 | 297.7 | 312 |
| Net margin | 17.85% | 11.71% | 6.89% | 21.44% | 3.77% | 10.92% | 10.19% | 10.51% |
| EPS 2 | 0.2623 | 0.1521 | 0.1036 | 0.3432 | 0.0744 | 0.2296 | 0.2122 | 0.2210 |
| Free Cash Flow 1 | 233 | 161 | 84 | 238 | 328 | 310 | 142.5 | 389 |
| FCF margin | 11.65% | 9.11% | 4.11% | 10.88% | 12.01% | 10.49% | 4.88% | 13.11% |
| FCF Conversion (EBITDA) | 46.14% | 32.59% | 18.14% | 40.96% | 39% | 35.14% | 16.05% | 42.65% |
| FCF Conversion (Net income) | 65.27% | 77.78% | 59.57% | 50.75% | 318.45% | 96.06% | 47.87% | 124.66% |
| Dividend per Share 2 | 0.1550 | 0.1580 | 0.1700 | 0.2000 | 0.2180 | 0.2334 | 0.2571 | 0.2741 |
| Announcement Date | 8/19/19 | 8/17/20 | 8/16/21 | 8/16/22 | 8/20/23 | - | - | - |
1NZD in Million2NZD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: June | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2024 S1 | 2024 S2 |
|---|---|---|---|---|---|---|---|---|---|
| Net sales | 928 | 840 | 944 | 1,101 | 873 | - | - | 1,605 | - |
| EBITDA | 258 | - | - | - | 242 | - | - | 434 | - |
| EBIT | - | - | - | 58 | - | - | - | - | - |
| Operating Margin | - | - | - | 5.27% | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - |
| Net income | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - |
| EPS | - | - | - | - | - | - | - | - | - |
| Dividend per Share 1 | 0.0640 | - | - | 0.1020 | 0.0800 | 0.1200 | 0.0870 | 0.0930 | 0.1400 |
| Announcement Date | 2/24/20 | 8/17/20 | 2/22/21 | 8/16/21 | 2/21/22 | 8/16/22 | - | 2/19/24 | - |
1NZD
Estimates
Balance Sheet Analysis
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,139 | 1,212 | 1,329 | 1,961 | 1,907 | 1,831 | 1,888 | 1,968 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.255 x | 2.453 x | 2.87 x | 3.375 x | 2.268 x | 2.076 x | 2.126 x | 2.158 x |
| Free Cash Flow 1 | 233 | 161 | 84 | 238 | 328 | 310 | 143 | 389 |
| ROE (net income / shareholders' equity) | 4.71% | 5.69% | 3.66% | 3.27% | 2.15% | 5.55% | 5.61% | 6.43% |
| ROA (Net income/ Total Assets) | 5.67% | 3.1% | 1.95% | 1.66% | 1.08% | 4.41% | 4.81% | 5.18% |
| Assets 1 | 6,295 | 6,684 | 7,223 | 28,330 | 9,525 | 7,326 | 6,186 | 6,021 |
| Book Value Per Share 2 | 2.600 | 2.750 | 3.070 | 3.480 | 3.500 | 3.490 | 3.510 | 3.530 |
| Cash Flow per Share 2 | 0.2400 | 0.2600 | 0.2500 | 0.2600 | 0.4200 | 0.4600 | 0.4000 | 0.4700 |
| Capex 1 | 93 | 195 | 254 | 114 | 297 | 314 | 491 | 500 |
| Capex / Sales | 4.65% | 11.03% | 12.42% | 5.21% | 10.88% | 10.64% | 16.82% | 16.85% |
| Announcement Date | 8/19/19 | 8/17/20 | 8/16/21 | 8/16/22 | 8/20/23 | - | - | - |
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
UNDERPERFORM
Number of Analysts
5
Last Close Price
6.4
NZD
Average target price
6.176
NZD
Spread / Average Target
-3.50%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -3.03% | 5.29B | |
| +9.55% | 86.34B | |
| -9.64% | 16.81B | |
| +10.12% | 11.2B | |
| +43.27% | 11.15B | |
| -16.20% | 10.32B | |
| +6.77% | 9.08B | |
| +12.09% | 6.76B | |
| +0.10% | 4.35B | |
| -.--% | 3.84B |
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