KIWI PROPERTY GROUP LIMITED Financials Kiwi Property Group Limited
Equities
KPG
NZKPGE0001S9
Real Estate Development & Operations
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.84 NZD | +2.44% |
|
+2.44% | -4.00% |
| May. 28 | Kiwi Property Announces the Appointment of Kevin Kenrick to its Board of Directors | CI |
| May. 27 | Kiwi Property Posts NZ$2.1 Million Net Loss in Fiscal 2024, Declares Dividend | MT |
Valuation
| Fiscal Period: March | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,475 | 1,946 | 1,727 | 1,430 | 1,337 | 1,338 | - | - |
| Enterprise Value (EV) 1 | 2,474 | 3,011 | 2,851 | 2,543 | 1,337 | 2,061 | 2,095 | 2,090 |
| P/E ratio | -7.52 x | 9.9 x | 7.7 x | -6.28 x | -646 x | 12.1 x | 8.48 x | 7.54 x |
| Yield | - | 4.15% | 5.09% | 6.26% | - | 6.43% | 6.54% | 6.69% |
| Capitalization / Revenue | 7.9 x | 11.2 x | 9.23 x | 7.02 x | 7.23 x | 7.32 x | 7.63 x | 7.26 x |
| EV / Revenue | 13.2 x | 17.3 x | 15.2 x | 12.5 x | 7.23 x | 11.3 x | 11.9 x | 11.3 x |
| EV / EBITDA | 14.9 x | 19.8 x | 17.5 x | 13.6 x | 7.87 x | 12.6 x | 13.6 x | 13.1 x |
| EV / FCF | - | - | - | - | - | 4.25 x | 25.7 x | 25.4 x |
| FCF Yield | - | - | - | - | - | 23.5% | 3.9% | 3.93% |
| Price to Book | 0.71 x | 0.91 x | 0.76 x | 0.74 x | - | 0.72 x | 0.7 x | 0.68 x |
| Nbr of stocks (in thousands) | 1,569,088 | 1,569,369 | 1,570,095 | 1,571,172 | 1,591,972 | 1,593,095 | - | - |
| Reference price 2 | 0.9400 | 1.240 | 1.100 | 0.9100 | 0.8400 | 0.8400 | 0.8400 | 0.8400 |
| Announcement Date | 5/25/20 | 5/23/21 | 5/22/22 | 5/22/23 | 5/26/24 | - | - | - |
1NZD in Million2NZD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: Maart | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 186.8 | 173.6 | 187.1 | 203.7 | 184.9 | 182.9 | 175.5 | 184.3 |
| EBITDA 1 | 166.5 | 152 | 163 | 187.1 | 170 | 163.3 | 154.4 | 159.5 |
| EBIT 1 | 164.2 | 152 | 163 | 173.6 | 156.3 | 152.9 | 144.6 | 152.4 |
| Operating Margin | 87.92% | 87.59% | 87.14% | 85.2% | 84.53% | 83.57% | 82.41% | 82.69% |
| Earnings before Tax (EBT) 1 | -170.1 | 222.4 | 260.6 | - | - | 26.9 | 154 | 190 |
| Net income 1 | -186.7 | 196.5 | 224.3 | -227.7 | -2.119 | 110.9 | 146.7 | 171.1 |
| Net margin | -99.95% | 113.22% | 119.86% | -111.78% | -1.15% | 60.63% | 83.63% | 92.84% |
| EPS 2 | -0.1250 | 0.1252 | 0.1429 | -0.1449 | -0.001300 | 0.0697 | 0.0991 | 0.1113 |
| Free Cash Flow 1 | - | - | - | - | - | 484.6 | 81.6 | 82.2 |
| FCF margin | - | - | - | - | - | 264.94% | 46.51% | 44.6% |
| FCF Conversion (EBITDA) | - | - | - | - | - | 296.83% | 52.85% | 51.54% |
| FCF Conversion (Net income) | - | - | - | - | - | 436.99% | 55.62% | 48.04% |
| Dividend per Share 2 | - | 0.0515 | 0.0560 | 0.0570 | - | 0.0540 | 0.0549 | 0.0562 |
| Announcement Date | 5/25/20 | 5/23/21 | 5/22/22 | 5/22/23 | 5/26/24 | - | - | - |
1NZD in Million2NZD
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 999 | 1,065 | 1,124 | 1,113 | - | 722 | 757 | 752 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 5.996 x | 7.005 x | 6.896 x | 5.95 x | - | 4.424 x | 4.9 x | 4.713 x |
| Free Cash Flow 1 | - | - | - | - | - | 485 | 81.6 | 82.2 |
| ROE (net income / shareholders' equity) | 5.63% | 5.01% | 4.87% | 5.55% | - | 5.02% | 5.32% | 5.3% |
| ROA (Net income/ Total Assets) | 4.56% | 3.15% | 3.09% | 3.42% | - | 5.93% | 5.48% | 5.49% |
| Assets 1 | -4,098 | 6,234 | 7,269 | -6,666 | - | 1,870 | 2,677 | 3,117 |
| Book Value Per Share 2 | 1.320 | 1.360 | 1.450 | 1.230 | - | 1.160 | 1.190 | 1.230 |
| Cash Flow per Share 2 | - | - | - | 0.0800 | - | 0.0600 | 0.0600 | 0.0600 |
| Capex 1 | 160 | 103 | 81 | 162 | - | 83.8 | 63.3 | 60 |
| Capex / Sales | 85.44% | 59.47% | 43.31% | 79.7% | - | 45.83% | 36.08% | 32.53% |
| Announcement Date | 5/25/20 | 5/23/21 | 5/22/22 | 5/22/23 | 5/26/24 | - | - | - |
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
B+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
4
Last Close Price
0.84
NZD
Average target price
0.9375
NZD
Spread / Average Target
+11.61%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -4.00% | 819M | |
| +31.22% | 27.05B | |
| +3.04% | 26.56B | |
| -13.85% | 25.79B | |
| +18.14% | 25.12B | |
| +10.47% | 21.52B | |
| +35.54% | 21.35B | |
| -2.53% | 18.22B | |
| +44.45% | 17.56B | |
| +5.25% | 17.06B |
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