Financials Property For Industry Limited

Equities

PFI

NZPFIE0001S5

Real Estate Development & Operations

End-of-day quote New Zealand S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
2.2 NZD -2.22% Intraday chart for Property For Industry Limited -1.35% -2.22%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,217 1,469 1,506 1,155 1,130 1,105 - -
Enterprise Value (EV) 1 1,629 1,981 2,104 1,755 1,130 1,773 1,813 1,875
P/E ratio 6.9 x 12.9 x 3.31 x -83.3 x -11.6 x 120 x 8.17 x 8.98 x
Yield 3.11% 2.63% 2.65% 3.52% - 3.19% 3.8% 3.87%
Capitalization / Revenue 14.5 x 17.3 x 16 x 12.1 x 12.2 x 13.9 x 10.6 x 10 x
EV / Revenue 19.4 x 23.4 x 22.3 x 18.3 x 12.2 x 22.3 x 17.3 x 17 x
EV / EBITDA 19.9 x 24.5 x 24.6 x 20.6 x 13.6 x 27.9 x 19.7 x 19.2 x
EV / FCF 50,425,659 x - 65,432,254 x - - - 41,118,087 x -30,943,019 x
FCF Yield 0% - 0% - - - 0% -0%
Price to Book 1.15 x 1.29 x 0.96 x 0.77 x - 0.83 x 0.81 x 0.77 x
Nbr of stocks (in thousands) 498,723 501,303 505,494 502,051 502,129 502,199 - -
Reference price 2 2.440 2.930 2.980 2.300 2.250 2.200 2.200 2.200
Announcement Date 2/16/20 2/22/21 2/20/22 2/20/23 2/25/24 - - -
1NZD in Million2NZD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 84.01 84.81 94.3 95.66 92.78 79.54 104.7 110.3
EBITDA 1 81.74 80.91 85.69 85 83.01 63.47 92.13 97.64
EBIT 1 81.62 80.74 85.51 84.82 82.44 69.39 92.31 97.77
Operating Margin 97.15% 95.2% 90.68% 88.66% 88.86% 87.24% 88.19% 88.61%
Earnings before Tax (EBT) 190.4 - 472.8 - - - 28.3 161
Net income 1 176.3 113.5 452.8 -13.94 -97.79 -39.13 76.27 136.7
Net margin 209.84% 133.78% 480.2% -14.58% -105.41% -49.2% 72.86% 123.91%
EPS 2 0.3535 0.2270 0.8996 -0.0276 -0.1948 0.0184 0.2694 0.2451
Free Cash Flow 32.3 - 32.16 - - - 44.1 -60.6
FCF margin 38.45% - 34.1% - - - 42.13% -54.92%
FCF Conversion (EBITDA) 39.51% - 37.53% - - - 47.87% -
FCF Conversion (Net income) 18.32% - 7.1% - - - 57.82% -
Dividend per Share 2 0.0760 0.0770 0.0790 0.0810 - 0.0702 0.0837 0.0852
Announcement Date 2/16/20 2/22/21 2/20/22 2/20/23 2/25/24 - - -
1NZD in Million2NZD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2020 S2 2021 S1 2021 S2 2022 S1 2024 S2
Net sales 1 42.74 48.02 42.88 52.72 48.36 - 48.7
EBITDA 1 - - - - - - 42.4
EBIT 1 - - - 41.39 44.12 - 42.4
Operating Margin - - - 78.5% 91.22% - 87.06%
Earnings before Tax (EBT) 1 - - - - - - -83.7
Net income 1 - - - - - 23.78 -87.5
Net margin - - - - - - -179.67%
EPS - - - - - - -
Dividend per Share 2 - - - - - - 0.0415
Announcement Date 2/16/20 9/4/20 2/22/21 8/20/21 2/20/22 8/22/22 -
1NZD in Million2NZD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 412 512 598 600 - 668 708 770
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 5.037 x 6.325 x 6.974 x 7.061 x - 10.52 x 7.69 x 7.889 x
Free Cash Flow 32.3 - 32.2 - - - 44.1 -60.6
ROE (net income / shareholders' equity) 4.93% 3.68% 4.64% 3.45% - 2.79% 3.57% 3.68%
ROA (Net income/ Total Assets) 3.37% - 3.21% 2.41% - 3.08% 4.36% 4.27%
Assets 1 5,235 - 14,114 -578.7 - -1,272 1,750 3,204
Book Value Per Share 2 2.110 2.270 3.090 2.990 - 2.660 2.710 2.850
Cash Flow per Share 2 0.1000 0.0700 0.1100 0.1000 - 0.0900 0.0900 0.1000
Capex 1 16.1 24.5 24 19.2 - 47.4 70.2 74.8
Capex / Sales 19.13% 28.92% 25.42% 20.04% - 59.64% 67.1% 67.77%
Announcement Date 2/16/20 2/22/21 2/20/22 2/20/23 2/25/24 - - -
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
SELL
Number of Analysts
3
Last Close Price
2.2 NZD
Average target price
2.187 NZD
Spread / Average Target
-0.61%
Consensus

Quarterly revenue - Rate of surprise

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