Annual Meeting Report, November 8th 2023 Click here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 Change Revenue $732m $973m $1,245m 28% Gross Profit $270m $389m $444m 14% Gross Profit Margin 37% 40% 36% -11% Operating EBITDA $104m $197m $163m -17% NPAT $64.8m $124m $88m -29% Inventory Turnover2 2.41 2.14 2.03 -6% EPS1…
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Annual Meeting Report, November 3rd 2023 Click here for NZSA Assessment and Voting Intentions Metric 2020 2021 2022 2023 Change Revenue $3,623m $3,593m $3,720m $4,491m 21% EBITDAI $1,113m $1,124m $1,150m $1,722 50% EBITDAI Margin 31% 31% 31% 38% 24% NPAT $420m $384m $410m $1,135m 177% EPS1 $0.229 $0.206 $0.219 $0.615 181% PE Ratio 21 23…
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Annual Meeting Report, October 26th 2023 Click here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 Change Revenue $801m $873m $1,122m 28% EBITDA $187.6m $184.9m $214.9m 16% NPAT $49.6m $70.1m $75.3m 7% EPS1 $0.299 $0.423 $0.424 n/c PE Ratio 42 23 20 Capitalisation $2.1b $1.6b $1.5b -7% Current Ratio 0.80 0.70 0.95…
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Annual Meeting Report, October 27th 2023 Click here for NZSA Assessment and Voting Intentions Metric 2020 2021 2022 2023 Change Revenue $302.0m $338.3m $375.2m $420.9m 12% Operating Profit $162.2m $177.1m $193m $210m 9% NPAT $88.7m $102.4m $111.3m $117.1m 5% EPS1 $0.13 $0.15 $0.164 $0.172 5% PE Ratio 56 46 40 33 Capitalisation $5.0b $4.8b…
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NZSA Disclaimer There are many ways to express this sentiment. In cricket, the saying goes that “form is temporary, but class is permanent“. In investment markets, the saying goes that “a rising tide floats all boats” – tellingly expressed in the affirmative when all too often it’s a case of watching out for the opposite.…
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Annual Meeting Report, October 24th 2023 Click here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 Change Revenue $9,203m $10,734m $12,237m 14% NPAT2 $185.3m $203m $253m 25% EPS1 $1.13 $1.07 $1.32 24% Inventory Turnover 11.62 10.84 9.91 -8% PE Ratio 32 36 27 Capitalisation $5.8b $7.6b $7.0b -9% Current Ratio 1.13 1.22 1.13…
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At the moment I’m reading a book titled We Are Bellingcat by Eliot Higgins. It’s about the citizen investigators who were the first to solve the mystery of who downed Flight MH17 over Ukraine (the Russians) and who was behind the poisoning of the Scripal father and daughter in Salisbury (the Russians again) among other…
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Annual Meeting Report, October 27th 2023 Click here for NZSA Assessment and Voting Intentions Metric 2020 2021 2022 2023 Change Revenue $1,125m $952m $641m $925m 44% Operating Revenue $642m $713m $556m $856m 54% EBITDA $348.3m $317.3m $97m $166m 71% NPAT $235.3m $156.1m -$33.6m $7.9m n/a EPS1 $0.309 $0.205 -$0.04 $0.01 n/a PE Ratio 10 15…
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Annual Meeting Report, October 26th 2023 Click here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 Change Revenue $9.7m $10.7m $9.7m -10% Operating Profit $7.9m $11.2m $10.0m -11% NPAT $0.3m $5.2m -$5.3m n/a EPS1 $0.001 $0.018 -$0.018 n/a PE Ratio 213 10 n/a Capitalisation $79m $49m $34m -31% Current Ratio2 2.07 1.73 1.63…
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Annual Meeting Report, October 26th 2023 Click here for NZSA Assessment and Voting Intentions Metric 2020 2021 2022 2023 Change Revenue $25.0m $24.4m $19.6m $28.6m 46% Operating Profit -$0.7m -$0.3m -$4.9m -$0.8m n/a NPAT -$5.8m -$5.8m -$6.6m -$14.3m n/c EPS1 -$0.10 -$0.10 -$0.11 -$0.25 n/c PE Ratio n/a n/a n/a n/a Trade and Payables $2.6m…
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