PROPERTY FOR INDUSTRY LIMITED Financials Property For Industry Limited
Equities
PFI
NZPFIE0001S5
Real Estate Development & Operations
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2.19 NZD | 0.00% |
|
+4.29% | -2.67% |
| May. 10 | New Zealand Shares End Week Flat; The Warehouse Group Rises 2% Despite Posting Lower Sales | MT |
| May. 10 | Property For Industry Declares Q1 Dividend | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,217 | 1,469 | 1,506 | 1,155 | 1,130 | 1,100 | - | - |
| Enterprise Value (EV) 1 | 1,629 | 1,981 | 2,104 | 1,755 | 1,776 | 1,768 | 1,809 | 1,871 |
| P/E ratio | 6.9 x | 12.9 x | 3.31 x | -83.3 x | -11.6 x | 119 x | 8.13 x | 8.93 x |
| Yield | 3.11% | 2.63% | 2.65% | 3.52% | 3.69% | 3.2% | 3.82% | 3.88% |
| Capitalization / Revenue | 14.5 x | 17.3 x | 16 x | 12.1 x | 12.2 x | 13.8 x | 10.5 x | 9.97 x |
| EV / Revenue | 19.4 x | 23.4 x | 22.3 x | 18.3 x | 19.1 x | 22.2 x | 17.2 x | 17 x |
| EV / EBITDA | 19.9 x | 24.5 x | 24.6 x | 20.6 x | 21.4 x | 27.9 x | 19.5 x | 19.2 x |
| EV / FCF | 50,425,659 x | - | 65,432,254 x | - | - | - | 41,030,014 x | -30,879,498 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 | 0.82 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 | 2.190 | 2.190 | 2.190 |
| 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 | 105.1 | 110.4 |
| EBITDA 1 | 81.74 | 80.91 | 85.69 | 85 | 83.01 | 63.47 | 92.83 | 97.66 |
| EBIT 1 | 81.62 | 80.74 | 85.51 | 84.82 | 82.44 | 69.39 | 92.78 | 97.79 |
| Operating Margin | 97.15% | 95.2% | 90.68% | 88.66% | 88.86% | 87.24% | 88.25% | 88.61% |
| Earnings before Tax (EBT) | 190.4 | - | 472.8 | - | - | - | - | - |
| Net income 1 | 176.3 | 113.5 | 452.8 | -13.94 | -97.79 | -39.16 | 135.3 | 136.8 |
| Net margin | 209.84% | 133.78% | 480.2% | -14.58% | -105.41% | -49.23% | 128.67% | 123.99% |
| 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% | - | - | - | 41.95% | -54.92% |
| FCF Conversion (EBITDA) | 39.51% | - | 37.53% | - | - | - | 47.51% | - |
| FCF Conversion (Net income) | 18.32% | - | 7.1% | - | - | - | 32.6% | - |
| Dividend per Share 2 | 0.0760 | 0.0770 | 0.0790 | 0.0810 | 0.0830 | 0.0702 | 0.0837 | 0.0850 |
| 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 | - | 48.3 |
| EBITDA | - | - | - | - | - | - | - |
| EBIT 1 | - | - | - | 41.39 | 44.12 | - | 42.4 |
| Operating Margin | - | - | - | 78.5% | 91.22% | - | 87.78% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - |
| Net income | - | - | - | - | - | 23.78 | - |
| Net margin | - | - | - | - | - | - | - |
| 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 | 646 | 668 | 710 | 771 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 5.037 x | 6.325 x | 6.974 x | 7.061 x | 7.781 x | 10.53 x | 7.644 x | 7.899 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% | 3.8% | 2.79% | 3.58% | 3.67% |
| ROA (Net income/ Total Assets) | 3.37% | - | 3.21% | 2.41% | 2.57% | 3.08% | 4.39% | 4.26% |
| Assets 1 | 5,235 | - | 14,114 | -578.7 | -3,802 | -1,273 | 3,083 | 3,211 |
| Book Value Per Share 2 | 2.110 | 2.270 | 3.090 | 2.990 | 2.710 | 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 | 73.5 | 47.4 | 72.2 | 74.8 |
| Capex / Sales | 19.13% | 28.92% | 25.42% | 20.04% | 79.26% | 59.64% | 68.72% | 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
Sell
Buy
Mean consensus
SELL
Number of Analysts
3
Last Close Price
2.19
NZD
Average target price
2.19
NZD
Spread / Average Target
0.00%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -2.67% | 672M | |
| -1.46% | 9.11B | |
| +7.07% | 8.02B | |
| -14.96% | 2.68B | |
| +0.64% | 2.63B | |
| +2.83% | 2.19B | |
| +67.61% | 777M | |
| +5.68% | 757M | |
| -11.03% | 738M | |
| -2.68% | 605M |
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