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New Zealand King Salmon Investments

ASX:NZK
Snowflake Description

Flawless balance sheet with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NZK
ASX
NZ$334M
Market Cap
  1. Home
  2. AU
  3. Food, Beverage & Tobacco
Company description

New Zealand King Salmon Investments Limited, together with its subsidiaries, engages in the farming, processing, and sale of premium salmon products. The last earnings update was 45 days ago. More info.


Add to Portfolio Compare Print
NZK Share Price and Events
7 Day Returns
-0.5%
ASX:NZK
-0.4%
AU Food
1.3%
AU Market
1 Year Returns
-3.9%
ASX:NZK
-10%
AU Food
9.9%
AU Market
NZK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
New Zealand King Salmon Investments (NZK) -0.5% 3.8% 19.3% -3.9% - -
AU Food -0.4% 2.4% -2.3% -10% -6.5% 31.9%
AU Market 1.3% -0.6% -1% 9.9% 17.6% 17.8%
1 Year Return vs Industry and Market
  • NZK outperformed the Food industry which returned -10% over the past year.
  • NZK underperformed the Market in Australia which returned 9.9% over the past year.
Price Volatility
NZK
Industry
5yr Volatility vs Market

Value

 Is New Zealand King Salmon Investments undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of New Zealand King Salmon Investments to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for New Zealand King Salmon Investments.

ASX:NZK Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-06-30) in NZD NZ$ 0.06366
Payout Ratio Company Filings (2019-06-30) 2753.6%
Discount Rate (Cost of Equity) See below 7.1%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ASX:NZK
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Food Unlevered Beta Simply Wall St/ S&P Global 0.54
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.542 (1 + (1- 28%) (5.07%))
0.717
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (0.8 * 5.96%)
7.08%

Discounted Cash Flow Calculation for ASX:NZK using Dividend Discount Model Model

The calculations below outline how an intrinsic value for New Zealand King Salmon Investments is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

ASX:NZK Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= NZ$0.06 / (7.08% - 2.31%)
NZ$1.1
ASX:NZK Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in ASX:NZK represents 0.90871x of NZSE:NZK
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.90871x
Value per Share
(Listing Adjusted, AUD)
= Value per Share (NZD) x Listing Adjustment Factor
= NZ$ 1.34 x 0.90871
A$1.21
Value per share (AUD) From above. A$1.21
Current discount Discount to share price of A$2.19
= -1 x (A$2.19 - A$1.21) / A$1.21
-80.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of New Zealand King Salmon Investments is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for New Zealand King Salmon Investments's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are New Zealand King Salmon Investments's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:NZK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in NZD NZ$0.08
NZSE:NZK Share Price ** NZSE (2019-10-10) in NZD NZ$2.41
Australia Food Industry PE Ratio Median Figure of 21 Publicly-Listed Food Companies 25.25x
Australia Market PE Ratio Median Figure of 557 Publicly-Listed Companies 17.93x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of New Zealand King Salmon Investments.

ASX:NZK PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NZSE:NZK Share Price ÷ EPS (both in NZD)

= 2.41 ÷ 0.08

29.42x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • New Zealand King Salmon Investments is overvalued based on earnings compared to the AU Food industry average.
  • New Zealand King Salmon Investments is overvalued based on earnings compared to the Australia market.
Price based on expected Growth
Does New Zealand King Salmon Investments's expected growth come at a high price?
Raw Data
ASX:NZK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 29.42x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
20.5%per year
Australia Food Industry PEG Ratio Median Figure of 13 Publicly-Listed Food Companies 1.47x
Australia Market PEG Ratio Median Figure of 357 Publicly-Listed Companies 1.69x

*Line of best fit is calculated by linear regression .

ASX:NZK PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 29.42x ÷ 20.5%

1.43x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • New Zealand King Salmon Investments is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on New Zealand King Salmon Investments's assets?
Raw Data
ASX:NZK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in NZD NZ$1.22
NZSE:NZK Share Price * NZSE (2019-10-10) in NZD NZ$2.41
Australia Food Industry PB Ratio Median Figure of 43 Publicly-Listed Food Companies 1.24x
Australia Market PB Ratio Median Figure of 1,705 Publicly-Listed Companies 1.8x
ASX:NZK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NZSE:NZK Share Price ÷ Book Value per Share (both in NZD)

= 2.41 ÷ 1.22

1.98x

* Primary Listing of New Zealand King Salmon Investments.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • New Zealand King Salmon Investments is overvalued based on assets compared to the AU Food industry average.
X
Value checks
We assess New Zealand King Salmon Investments's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Food industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Food industry average (and greater than 0)? (1 check)
  5. New Zealand King Salmon Investments has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is New Zealand King Salmon Investments expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
20.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is New Zealand King Salmon Investments expected to grow at an attractive rate?
  • New Zealand King Salmon Investments's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • New Zealand King Salmon Investments's earnings growth is expected to exceed the Australia market average.
  • New Zealand King Salmon Investments's revenue growth is expected to exceed the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:NZK Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:NZK Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 20.5%
ASX:NZK Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 8%
Australia Food Industry Earnings Growth Rate Market Cap Weighted Average 35.7%
Australia Food Industry Revenue Growth Rate Market Cap Weighted Average 9.1%
Australia Market Earnings Growth Rate Market Cap Weighted Average 10.2%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:NZK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in NZD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:NZK Future Estimates Data
Date (Data in NZD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-06-30 222 18 21 4
2021-06-30 191 21 16 4
2020-06-30 185 21 14 4
2019-10-13
ASX:NZK Past Financials Data
Date (Data in NZD Millions) Revenue Cash Flow Net Income *
2019-06-30 173 11 11
2019-03-31 166 11 13
2018-12-31 160 12 15
2018-09-30 160 18 16
2018-06-30 160 25 16
2018-03-31 160 23 23
2017-12-31 160 21 30
2017-09-30 148 13 26
2017-06-30 136 5 23
2017-03-31 129 4 14
2016-12-31 121 2 6
2016-09-30 118 3 4

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • New Zealand King Salmon Investments's earnings are expected to grow significantly at over 20% yearly.
  • New Zealand King Salmon Investments's revenue is expected to grow by 8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:NZK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from New Zealand King Salmon Investments Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:NZK Future Estimates Data
Date (Data in NZD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-06-30 0.15 0.16 0.14 3.00
2021-06-30 0.11 0.13 0.10 4.00
2020-06-30 0.10 0.11 0.09 4.00
2019-10-13
ASX:NZK Past Financials Data
Date (Data in NZD Millions) EPS *
2019-06-30 0.08
2019-03-31 0.10
2018-12-31 0.11
2018-09-30 0.11
2018-06-30 0.12
2018-03-31 0.16
2017-12-31 0.20
2017-09-30 0.18
2017-06-30 0.16
2017-03-31 0.10
2016-12-31 0.09
2016-09-30 0.07

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • New Zealand King Salmon Investments is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess New Zealand King Salmon Investments's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
New Zealand King Salmon Investments has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has New Zealand King Salmon Investments performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare New Zealand King Salmon Investments's growth in the last year to its industry (Food).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • New Zealand King Salmon Investments has delivered over 20% year on year earnings growth in the past 5 years.
  • New Zealand King Salmon Investments's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • New Zealand King Salmon Investments's 1-year earnings growth is negative, it can't be compared to the AU Food industry average.
Earnings and Revenue History
New Zealand King Salmon Investments's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from New Zealand King Salmon Investments Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:NZK Past Revenue, Cash Flow and Net Income Data
Date (Data in NZD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 172.61 11.35 20.23
2019-03-31 166.44 13.41 20.55
2018-12-31 160.26 15.47 20.88
2018-09-30 160.27 15.80 20.67
2018-06-30 160.27 16.13 20.46
2018-03-31 160.34 22.96 21.00
2017-12-31 160.41 29.79 21.55
2017-09-30 148.38 26.28 20.27
2017-06-30 136.35 22.76 19.00
2017-03-31 128.72 14.16 18.06
2016-12-31 121.09 5.56 17.12
2016-09-30 117.57 4.08 16.02
2016-06-30 114.06 2.59 14.92
2015-06-30 98.29 6.26 12.78
2014-06-30 95.06 -1.53 22.88
2013-06-30 103.30 5.28 27.38

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • New Zealand King Salmon Investments has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • New Zealand King Salmon Investments used its assets more efficiently than the AU Food industry average last year based on Return on Assets.
  • New Zealand King Salmon Investments's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess New Zealand King Salmon Investments's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Food industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
New Zealand King Salmon Investments has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is New Zealand King Salmon Investments's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up New Zealand King Salmon Investments's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • New Zealand King Salmon Investments is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • New Zealand King Salmon Investments's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of New Zealand King Salmon Investments's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 6.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from New Zealand King Salmon Investments Company Filings, last reported 3 months ago.

ASX:NZK Past Debt and Equity Data
Date (Data in NZD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 168.75 16.94 6.23
2019-03-31 168.75 16.94 6.23
2018-12-31 175.67 17.87 7.43
2018-09-30 175.67 17.87 7.43
2018-06-30 166.30 11.40 14.43
2018-03-31 166.30 11.40 14.43
2017-12-31 171.45 12.34 15.53
2017-09-30 171.45 12.34 15.53
2017-06-30 158.68 11.19 10.65
2017-03-31 158.68 11.19 10.65
2016-12-31 144.77 11.90 10.69
2016-09-30 144.77 11.90 10.69
2016-06-30 37.01 94.38 2.42
2015-06-30 36.78 92.35 5.74
2014-06-30 18.67 85.60 1.57
2013-06-30 22.82 83.82 1.97
  • New Zealand King Salmon Investments's level of debt (10%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (457.6% vs 10% today).
  • Debt is well covered by operating cash flow (64.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 19.9x coverage).
X
Financial health checks
We assess New Zealand King Salmon Investments's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. New Zealand King Salmon Investments has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is New Zealand King Salmon Investments's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.07%
Current annual income from New Zealand King Salmon Investments dividends. Estimated to be 2.64% next year.
If you bought A$2,000 of New Zealand King Salmon Investments shares you are expected to receive A$41 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • New Zealand King Salmon Investments's pays a lower dividend yield than the bottom 25% of dividend payers in Australia (2.5%).
  • New Zealand King Salmon Investments's dividend is below the markets top 25% of dividend payers in Australia (5.6%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:NZK Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
Australia Food Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 3.1%
Australia Market Average Dividend Yield Market Cap Weighted Average of 407 Stocks 4.2%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.6%
Australia Bottom 25% Dividend Yield 25th Percentile 2.5%
Australia Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ASX:NZK Future Dividends Estimate Data
Date (Data in NZ$) Dividend per Share (annual) Avg. No. Analysts
2022-06-30 0.08 4.00
2021-06-30 0.06 4.00
2020-06-30 0.05 4.00
2019-10-13
ASX:NZK Past Annualized Dividends Data
Date (Data in NZ$) Dividend per share (annual) Avg. Yield (%)
2019-09-02 0.050 2.138
2018-09-03 0.060 2.588
2018-03-22 0.040 1.625
2017-08-25 0.020 0.965
2017-08-24 0.053 3.082
2017-02-28 0.036 2.496

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, New Zealand King Salmon Investments has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but New Zealand King Salmon Investments only paid a dividend in the past 3 years.
Current Payout to shareholders
What portion of New Zealand King Salmon Investments's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.9x coverage).
X
Income/ dividend checks
We assess New Zealand King Salmon Investments's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can New Zealand King Salmon Investments afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. New Zealand King Salmon Investments has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of New Zealand King Salmon Investments's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Grant Rosewarne
COMPENSATION NZ$523,287
CEO Bio

Mr. Grantley Bruce Rosewarne, also known as Grant, MBA (Executive), B App Sc, has been the Chief Executive Officer of New Zealand King Salmon Investments Limited since 2009 and serves as its Managing Director. Mr. Rosewarne is also Chief Executive Officer of The New Zealand King Salmon Co. Limited. He has focused on lifting New Zealand King Salmon's unique products from a premium commodity to a worldwide branded food delicacy. Mr. Rosewarne has considerable international fast moving consumer goods sales, marketing and general management experience. He has worked across a number of fast moving consumer goods categories including dairy, wine, fresh produce and dry grocery as well as foodservice segments from cafes to fine dining. His international business expertise spans Britain, Europe and Australasia, with blue chip companies such as Unilever, Cerebos and Douwe Egberts/Sara Lee. He has been a Director at New Zealand King Salmon Investments Limited since July 15, 2016.

CEO Compensation
  • Insufficient data for Grant to compare compensation growth.
  • Grant's remuneration is lower than average for companies of similar size in Australia.
Management Team

Grant Rosewarne

TITLE
MD, CEO & Director
COMPENSATION
NZ$523K

Andrew Clark

TITLE
Chief Financial Officer

Alan Cook

TITLE
Chief Operating Officer
TENURE
0.7 yrs

Graeme Tregidga

TITLE
General Manager of Sales

Jemma McCowan

TITLE
General Manager of Marketing
Board of Directors Tenure

Average tenure of the New Zealand King Salmon Investments board of directors in years:

3.8
Average Tenure
  • The tenure for the New Zealand King Salmon Investments board of directors is about average.
Board of Directors

John William Ryder

TITLE
Independent Non- Executive Chairman
COMPENSATION
NZ$100K
TENURE
3.8 yrs

Grant Rosewarne

TITLE
MD, CEO & Director
COMPENSATION
NZ$523K
TENURE
3.3 yrs

Paul Steere

TITLE
Independent Non-Executive Director
COMPENSATION
NZ$70K
TENURE
11.1 yrs

Mark Hutton

TITLE
Independent Non-Executive Director
COMPENSATION
NZ$68K
TENURE
11.1 yrs

Jack Porus

TITLE
Non-Executive Director
COMPENSATION
NZ$60K
TENURE
11.1 yrs

Tomakin Lai

TITLE
Non Executive Director
AGE
52
TENURE
0.4 yrs

Yong Tiong Chiong

TITLE
Non-Executive & Non-Independent Director
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
01. Jul 19 Buy Paul Steere Individual 28. Jun 19 28. Jun 19 5,315 A$1.73 A$9,178
01. Jul 19 Buy Grantley Rosewarne Individual 28. Jun 19 28. Jun 19 4,039 A$1.73 A$6,975
X
Management checks
We assess New Zealand King Salmon Investments's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. New Zealand King Salmon Investments has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

New Zealand King Salmon Investments Limited, together with its subsidiaries, engages in the farming, processing, and sale of premium salmon products. The company operates through three segments: New Zealand Retail, New Zealand Foodservice, and Export. It offers whole fresh fish, pre-cut fillets, portions, and wood roasted and cold smoked products. The company sells its products to chefs, retailers, and wholesalers under the Ora King, Regal, Southern Ocean, Big Catch Salmon Burley, and Omega Plus brands, as well as the New Zealand King Salmon label. It serves customers in New Zealand, China, North America, Australia, Japan, Europe, and internationally. The company was incorporated in 2008 and is headquartered in Nelson, New Zealand. New Zealand King Salmon Investments Limited is a subsidiary of Oregon Group Limited.

Details
Name: New Zealand King Salmon Investments Limited
NZK
Exchange: ASX
Founded: 2008
NZ$311,555,522
138,571,147
Website: http://www.kingsalmon.co.nz
Address: New Zealand King Salmon Investments Limited
93 Beatty Street,
Tahunanui,
Nelson,
7011,
New Zealand
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NZSE NZK Ordinary Shares New Zealand Stock Exchange NZ NZD 19. Oct 2016
ASX NZK Ordinary Shares Australian Securities Exchange AU AUD 19. Oct 2016
CHIA NZK Ordinary Shares Chi-X Australia AU AUD 19. Oct 2016
Number of employees
Current staff
Staff numbers
500
New Zealand King Salmon Investments employees.
Industry
Packaged Foods and Meats
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/13 10:47
End of day share price update: 2019/10/10 00:00
Last estimates confirmation: 2019/09/02
Last earnings filing: 2019/08/29
Last earnings reported: 2019/06/30
Last annual earnings reported: 2019/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.