MANAWA ENERGY LIMITED |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4.26 NZD | +0.24% |
|
-2.52% | -0.70% |
| Apr. 15 | Manawa Energy Posts 31% Fall in Q4 Hydro Generation Output | MT |
| Apr. 15 | NZ Windfarms Appoints CEO | MT |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,069 | 2,003 | 2,576 | 2,206 | 1,555 | 1,333 | - | - |
| Enterprise Value (EV) 1 | 2,631 | 2,656 | 3,306 | 2,946 | 1,999 | 1,795 | 1,798 | 1,813 |
| P/E ratio | 22.8 x | 21.1 x | 75.5 x | 18.9 x | 16.1 x | 16.7 x | 17.5 x | 17.1 x |
| Yield | 11.2% | 5.31% | 4.31% | 4.82% | 3.22% | 3.89% | 4.11% | 4.32% |
| Capitalization / Revenue | 2.01 x | 2.02 x | 2.7 x | 3.17 x | 3.56 x | 3.06 x | 2.8 x | 2.73 x |
| EV / Revenue | 2.55 x | 2.68 x | 3.47 x | 4.23 x | 4.58 x | 4.11 x | 3.78 x | 3.72 x |
| EV / EBITDA | 11.8 x | 14.2 x | 16.5 x | 14.4 x | 14.3 x | 12.6 x | 11.4 x | 11.2 x |
| EV / FCF | 22 x | 22.9 x | - | - | 82.3 x | 31.5 x | 22.2 x | 24.8 x |
| FCF Yield | 4.55% | 4.37% | - | - | 1.22% | 3.17% | 4.51% | 4.03% |
| Price to Book | 1.69 x | 1.86 x | 2.41 x | 2.15 x | 1.52 x | 1.04 x | 1.02 x | 1 x |
| Nbr of stocks (in thousands) | 312,973 | 312,973 | 312,973 | 312,973 | 312,973 | 312,973 | - | - |
| Reference price 2 | 6.610 | 6.400 | 8.230 | 7.050 | 4.970 | 4.260 | 4.260 | 4.260 |
| Announcement Date | 5/12/19 | 5/27/20 | 5/16/21 | 5/15/22 | 5/15/23 | - | - | - |
1NZD in Million2NZD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,030 | 989.9 | 952.8 | 696.1 | 436.8 | 436.3 | 475.7 | 487.7 |
| EBITDA 1 | 222.2 | 186.5 | 200.2 | 204.2 | 140.2 | 142.2 | 157.4 | 162 |
| EBIT 1 | 175 | 143.9 | 154.8 | 156.7 | 116.8 | 126.8 | 137.7 | 145.7 |
| Operating Margin | 16.99% | 14.54% | 16.25% | 22.52% | 26.74% | 29.07% | 28.95% | 29.87% |
| Earnings before Tax (EBT) 1 | 130.2 | 137.2 | 41.01 | 170.4 | 140.4 | 106.7 | 104.9 | 110.4 |
| Net income 1 | 90.65 | 95.07 | 34.12 | 117.2 | 96.71 | 80.1 | 75.79 | 78.42 |
| Net margin | 8.8% | 9.6% | 3.58% | 16.84% | 22.14% | 18.36% | 15.93% | 16.08% |
| EPS 2 | 0.2900 | 0.3040 | 0.1090 | 0.3740 | 0.3090 | 0.2545 | 0.2430 | 0.2495 |
| Free Cash Flow 1 | 119.7 | 116.1 | - | - | 24.29 | 57 | 81 | 73 |
| FCF margin | 11.62% | 11.73% | - | - | 5.56% | 13.06% | 17.03% | 14.97% |
| FCF Conversion (EBITDA) | 53.89% | 62.26% | - | - | 17.32% | 40.09% | 51.46% | 45.05% |
| FCF Conversion (Net income) | 132.09% | 122.11% | - | - | 25.12% | 71.16% | 106.88% | 93.09% |
| Dividend per Share 2 | 0.7400 | 0.3400 | 0.3550 | 0.3400 | 0.1600 | 0.1656 | 0.1752 | 0.1842 |
| Announcement Date | 5/12/19 | 5/27/20 | 5/16/21 | 5/15/22 | 5/15/23 | - | - | - |
1NZD in Million2NZD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2021 S1 | 2023 S1 | 2023 S2 | 2024 S1 |
|---|---|---|---|---|---|
| Net sales | 539.4 | 506.3 | - | - | - |
| EBITDA 1 | 107.1 | - | - | - | 77.84 |
| EBIT | - | - | - | - | - |
| Operating Margin | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - |
| Net income | - | 33.18 | 388.8 | - | - |
| Net margin | - | 6.55% | - | - | - |
| EPS | - | - | 1.243 | - | - |
| Dividend per Share | - | - | - | 0.0850 | - |
| Announcement Date | 11/7/19 | 11/5/20 | 11/9/22 | 5/15/23 | - |
1NZD in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 562 | 653 | 730 | 739 | 444 | 462 | 464 | 479 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.53 x | 3.504 x | 3.648 x | 3.621 x | 3.165 x | 3.25 x | 2.95 x | 2.959 x |
| Free Cash Flow 1 | 120 | 116 | - | - | 24.3 | 57 | 81 | 73 |
| ROE (net income / shareholders' equity) | 6.87% | 8.26% | 8.78% | 11.2% | 6.15% | 4.94% | 5.93% | 6.09% |
| ROA (Net income/ Total Assets) | 3.99% | 3.49% | 4.23% | 5.06% | 4.4% | 3.3% | 3.8% | 4.1% |
| Assets 1 | 2,272 | 2,724 | 806.1 | 2,315 | 2,197 | 2,427 | 1,994 | 1,913 |
| Book Value Per Share 2 | 3.910 | 3.440 | 3.420 | 3.280 | 3.280 | 4.090 | 4.180 | 4.260 |
| Cash Flow per Share 2 | 0.4700 | 0.4900 | 0.5200 | 0.5200 | 0.2100 | 0.3200 | 0.3200 | 0.3100 |
| Capex 1 | 27.8 | 37 | 26.1 | 31.8 | 40 | 67.4 | 44.4 | 59.5 |
| Capex / Sales | 2.7% | 3.73% | 2.74% | 4.57% | 9.15% | 15.45% | 9.33% | 12.21% |
| Announcement Date | 5/12/19 | 5/27/20 | 5/16/21 | 5/15/22 | 5/15/23 | - | - | - |
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
C-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
5
Last Close Price
4.26
NZD
Average target price
5.826
NZD
Spread / Average Target
+36.76%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -0.70% | 802M | |
| +10.50% | 87.2B | |
| -8.41% | 17.52B | |
| +1.52% | 12.51B | |
| +53.64% | 11.96B | |
| +10.78% | 11.28B | |
| +10.11% | 9.5B | |
| +13.90% | 6.87B | |
| -2.20% | 5.41B | |
| +1.01% | 4.4B |
- Stock Market
- Equities
- MNW Stock
- Financials Manawa Energy Limited
