Financials PGG Wrightson Limited

Equities

PGW

NZREIE0001S4

Fishing & Farming

End-of-day quote New Zealand S.E. 23:00:00 02/05/2024 BST 5-day change 1st Jan Change
1.94 NZD +0.52% Intraday chart for PGG Wrightson Limited -2.02% -42.94%

Valuation

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 400.1 203.8 256.6 330.6 308.7 146.4 - -
Enterprise Value (EV) 1 400.1 343.8 367.2 363.4 374 215.8 218.9 221.7
P/E ratio 3.05 x 54 x 11.3 x 13.6 x 17.6 x 198 x 23 x 14.2 x
Yield 28.3% 4.63% 8.24% 6.85% 5.38% - 2.58% 4.12%
Capitalization / Revenue 0.49 x 0.26 x 0.3 x 0.35 x 0.32 x 0.15 x 0.15 x 0.14 x
EV / Revenue 0.49 x 0.44 x 0.43 x 0.38 x 0.38 x 0.23 x 0.22 x 0.22 x
EV / EBITDA 16.4 x 14.7 x 6.55 x 5.41 x 6.11 x 5.06 x 4.3 x 3.98 x
EV / FCF -6,604,779 x - - - - - - -
FCF Yield -0% - - - - - - -
Price to Book - 1.3 x 1.48 x - - 0.91 x 0.88 x 0.85 x
Nbr of stocks (in thousands) 75,484 75,484 75,484 75,484 75,484 75,484 - -
Reference price 2 5.300 2.700 3.400 4.380 4.090 1.940 1.940 1.940
Announcement Date 12/08/19 18/08/20 17/08/21 16/08/22 14/08/23 - - -
1NZD in Million2NZD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Juni 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 809.3 788 847.8 952.7 975.7 945.2 977.5 1,023
EBITDA 1 24.42 23.4 56.03 67.15 61.19 42.62 50.9 55.71
EBIT 1 15.06 15.05 35.03 39.13 33.13 12.62 19.9 23.71
Operating Margin 1.86% 1.91% 4.13% 4.11% 3.4% 1.33% 2.04% 2.32%
Earnings before Tax (EBT) 1 - 10.02 29.41 32.56 23.94 1.028 8.825 14.28
Net income 1 131.1 7.8 22.71 24.29 17.52 0.7401 6.354 10.28
Net margin 16.2% 0.99% 2.68% 2.55% 1.8% 0.08% 0.65% 1%
EPS 2 1.740 0.0500 0.3010 0.3220 0.2320 0.009800 0.0842 0.1362
Free Cash Flow -60.57 - - - - - - -
FCF margin -7.48% - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 1.500 0.1250 0.2800 0.3000 0.2200 - 0.0500 0.0800
Announcement Date 12/08/19 18/08/20 17/08/21 16/08/22 14/08/23 - - -
1NZD in Million2NZD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: June 2023 S1 2024 S1
Net sales 585.8 -
EBITDA 47.84 -
EBIT 34.12 -
Operating Margin 5.82% -
Earnings before Tax (EBT) 29.54 -
Net income 1 21.16 12.74
Net margin 3.61% -
EPS 2 - 0.1690
Dividend per Share - -
Announcement Date 21/02/23 27/02/24
1NZD in Million2NZD
Estimates

Balance Sheet Analysis

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - 140 111 32.8 65.3 69.4 72.4 75.3
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) - 5.984 x 1.973 x 0.4888 x 1.067 x 1.629 x 1.423 x 1.351 x
Free Cash Flow -60.6 - - - - - - -
ROE (net income / shareholders' equity) 38.4% 2.83% 10.9% - 10.2% 0.45% 3.88% 6.09%
ROA (Net income/ Total Assets) 2.28% 2.94% 7.71% - - 2.59% 3.99% 4.61%
Assets 1 5,763 265.6 294.6 - - 28.58 159.3 223
Book Value Per Share 2 - 2.080 2.300 - - 2.140 2.200 2.270
Cash Flow per Share - 0.2400 0.7600 - - - - -
Capex 1 11.6 5.42 6.86 8.81 17.3 15 15 15
Capex / Sales 1.43% 0.69% 0.81% 0.92% 1.78% 1.59% 1.53% 1.47%
Announcement Date 12/08/19 18/08/20 17/08/21 16/08/22 14/08/23 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
1
Last Close Price
1.94 NZD
Average target price
2.1 NZD
Spread / Average Target
+8.25%
Consensus

Annual profits - Rate of surprise

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