Financials Arvida Group Limited

Equities

End-of-day quote New Zealand S.E. Other stock markets 06:00:00 2024-07-14 pm EDT			5-day change	1st Jan Change
0.99 ^NZD	0.00%		+12.50%	-10.00%

Jul. 05	Arvida Group Issues 1.3 Million Performance Share Rights; Shares Down 2%	MT
May. 28	Arvida Annual Net Profit Rises 69% to NZ$139 Million, Underlying Profit Falls 3% to NZ$85 Million	MT

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	677.4	895.1	1,239	672.9	811.4	723.7	-	-
Enterprise Value (EV) ¹	985.6	1,254	1,683	1,286	811.4	1,452	1,430	1,449
P/E ratio	14.9 x	6.86 x	5.33 x	8.17 x	5.81 x	5.79 x	4.29 x	5.44 x
Yield	4.64%	3.24%	3.2%	5.22%	-	-	2.35%	3.15%
Capitalization / Revenue	4.14 x	5.13 x	6.14 x	3.03 x	3.28 x	2.42 x	2.25 x	2.1 x
EV / Revenue	6.02 x	7.18 x	8.35 x	5.79 x	3.28 x	4.86 x	4.44 x	4.2 x
EV / EBITDA	15.4 x	19.7 x	18.7 x	11.5 x	8.52 x	11.9 x	10.6 x	10.2 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	0.94 x	1.08 x	0.92 x	0.48 x	-	0.44 x	0.4 x	0.37 x
Nbr of stocks (in thousands)	541,892	542,488	720,061	723,578	730,985	730,985	-	-
Reference price ²	1.250	1.650	1.720	0.9300	1.110	0.9900	0.9900	0.9900
Announcement Date	5/26/20	5/25/21	5/29/22	5/29/23	5/28/24	-	-	-

¹NZD in Million²NZD

Estimates

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	163.7	174.5	201.7	222	247.2	299.1	322.1	344.8
EBITDA ¹	64.06	63.53	89.8	111.5	95.2	121.8	134.3	141.4
EBIT ¹	58.23	57.7	81.42	103.1	86.28	112.2	124.1	130
Operating Margin	35.58%	33.07%	40.38%	46.44%	34.91%	37.52%	38.54%	37.71%
Earnings before Tax (EBT)	22.27	133	197.7	-	-	-	-	-
Net income ¹	42.64	131.1	198.9	82.46	139.4	101.4	122.3	138.7
Net margin	26.06%	75.13%	98.62%	37.15%	56.39%	33.91%	37.97%	40.23%
EPS ²	0.0840	0.2406	0.3230	0.1138	0.1909	0.1709	0.2308	0.1821
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	0.0580	0.0535	0.0550	0.0485	-	-	0.0233	0.0311
Announcement Date	5/26/20	5/25/21	5/29/22	5/29/23	5/28/24	-	-	-

¹NZD in Million²NZD

Estimates

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	308	358	445	613	-	728	706	725
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	4.812 x	5.643 x	4.952 x	5.499 x	-	5.979 x	5.258 x	5.13 x
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	8.12%	6.7%	6.77%	6.02%	-	5.39%	5.75%	6%
ROA (Net income/ Total Assets)	3.22%	2.54%	2.92%	2.46%	-	1.27%	1.39%	1.44%
Assets ¹	1,323	5,164	6,813	3,356	-	7,972	8,805	9,605
Book Value Per Share ²	1.330	1.520	1.870	1.930	-	2.250	2.460	2.650
Cash Flow per Share ²	0.1900	0.2400	0.2500	0.2100	-	0.1300	0.1500	0.1600
Capex ¹	12.5	155	207	287	-	203	203	249
Capex / Sales	7.61%	88.73%	102.88%	129.38%	-	67.91%	62.92%	72.21%
Announcement Date	5/26/20	5/25/21	5/29/22	5/29/23	5/28/24	-	-	-

¹NZD in Million²NZD

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

B-

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

0.99 NZD

Average target price

1.445 NZD

Spread / Average Target

+45.96%

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