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New Zealand Energy

DB:0ZE
Snowflake Description

Excellent balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
0ZE
DB
CA$1M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

New Zealand Energy Corp., through its subsidiaries, engages in the acquisition, exploration, development, and production of conventional oil and natural gas resources in New Zealand. The last earnings update was 123 days ago. More info.


Add to Portfolio Compare Print
  • New Zealand Energy has significant price volatility in the past 3 months.
0ZE Share Price and Events
7 Day Returns
100%
DB:0ZE
18.1%
DE Oil and Gas
7.3%
DE Market
1 Year Returns
-83.3%
DB:0ZE
21.9%
DE Oil and Gas
-17.7%
DE Market
0ZE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
New Zealand Energy (0ZE) 100% -90% -66.7% -83.3% -87.5% -94.7%
DE Oil and Gas 18.1% -15.9% -28.7% 21.9% -25.6% 137.4%
DE Market 7.3% -17.9% -25.8% -17.7% -25.6% -29%
1 Year Return vs Industry and Market
  • 0ZE underperformed the Oil and Gas industry which returned 21.9% over the past year.
  • 0ZE underperformed the Market in Germany which returned -17.7% over the past year.
Price Volatility
0ZE
Industry
5yr Volatility vs Market

0ZE Value

 Is New Zealand Energy 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 Energy 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 Energy.

DB:0ZE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 4.4%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

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 DB:0ZE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.808 (1 + (1- 28%) (0%))
0.871
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.87
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.871 * 5.44%)
4.35%

Discounted Cash Flow Calculation for DB:0ZE using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for New Zealand Energy is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:0ZE DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 4.35%)
2020 0.28 Est @ -43.49% 0.27
2021 0.19 Est @ -30.56% 0.18
2022 0.15 Est @ -21.51% 0.13
2023 0.13 Est @ -15.17% 0.11
2024 0.11 Est @ -10.74% 0.09
2025 0.11 Est @ -7.63% 0.08
2026 0.10 Est @ -5.46% 0.07
2027 0.10 Est @ -3.94% 0.07
2028 0.09 Est @ -2.87% 0.06
2029 0.09 Est @ -2.13% 0.06
Present value of next 10 years cash flows CA$1.00
DB:0ZE DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CA$0.09 × (1 + -0.39%) ÷ (4.35% – -0.39%)
CA$1.92
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$1.92 ÷ (1 + 4.35%)10
CA$1.25
DB:0ZE Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$1.00 + CA$1.25
CA$2.25
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$2.25 / 232.12
CA$0.01
DB:0ZE Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:0ZE represents 0.2x of TSXV:NZ
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.2x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 0.01 x 0.2
€0.00
Value per share (EUR) From above. €0.00
Current discount Discount to share price of €0.00
= -1 x (€0.00 - €0.00) / €0.00
48.5%

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

Current Discount
Amount off the current price New Zealand Energy is available for.
Intrinsic value
48%
Share price is €0.001 vs Future cash flow value of €0.00194
Current Discount Checks
For New Zealand Energy to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • New Zealand Energy's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • New Zealand Energy's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are New Zealand Energy's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:0ZE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in CAD CA$-0.01
TSXV:NZ Share Price ** TSXV (2020-03-30) in CAD CA$0.01
Europe Oil and Gas Industry PE Ratio Median Figure of 105 Publicly-Listed Oil and Gas Companies 5.67x
Germany Market PE Ratio Median Figure of 400 Publicly-Listed Companies 16.36x

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

** Primary Listing of New Zealand Energy.

DB:0ZE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSXV:NZ Share Price ÷ EPS (both in CAD)

= 0.01 ÷ -0.01

-0.57x

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

  • New Zealand Energy is loss making, we can't compare its value to the Europe Oil and Gas industry average.
  • New Zealand Energy is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does New Zealand Energy's expected growth come at a high price?
Raw Data
DB:0ZE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.57x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Oil and Gas Industry PEG Ratio Median Figure of 65 Publicly-Listed Oil and Gas Companies 0.17x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for New Zealand Energy, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on New Zealand Energy's assets?
Raw Data
DB:0ZE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in CAD CA$0.02
TSXV:NZ Share Price * TSXV (2020-03-30) in CAD CA$0.01
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 0.94x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.43x
DB:0ZE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:NZ Share Price ÷ Book Value per Share (both in CAD)

= 0.01 ÷ 0.02

0.32x

* Primary Listing of New Zealand Energy.

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

  • New Zealand Energy is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess New Zealand Energy'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 Oil and Gas 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 Oil and Gas industry average (and greater than 0)? (1 check)
  5. New Zealand Energy has a total score of 3/6, 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.

0ZE Future Performance

 How is New Zealand Energy expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as New Zealand Energy has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
13%
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is New Zealand Energy expected to grow at an attractive rate?
  • Unable to compare New Zealand Energy's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare New Zealand Energy's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare New Zealand Energy's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:0ZE Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*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
DB:0ZE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:0ZE Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-09-30 10 1 -2
2019-06-30 11 2 -2
2019-03-31 13 1 -1
2018-12-31 12 2 -1
2018-09-30 12 1 -3
2018-06-30 11 0 -3
2018-03-31 9 0 -5
2017-12-31 9 0 -5
2017-09-30 8 -1 -4
2017-06-30 7 -1 -5
2017-03-31 6 -1 -5
2016-12-31 6 -1 -5

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if New Zealand Energy is high growth as no earnings estimate data is available.
  • Unable to determine if New Zealand Energy is high growth as no revenue estimate data is available.
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
DB:0ZE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from New Zealand Energy Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:0ZE Past Financials Data
Date (Data in CAD Millions) EPS *
2019-09-30 -0.01
2019-06-30 -0.01
2019-03-31 0.00
2018-12-31 0.00
2018-09-30 -0.01
2018-06-30 -0.01
2018-03-31 -0.02
2017-12-31 -0.02
2017-09-30 -0.02
2017-06-30 -0.02
2017-03-31 -0.02
2016-12-31 -0.02

*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.
  • Unable to establish if New Zealand Energy will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether New Zealand Energy is trading at New Zealand Energy'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. New Zealand Energy's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Energy companies here
  3. New Zealand Energy's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess New Zealand Energy'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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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 Energy has a total score of 0/6, 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.

0ZE Past Performance

  How has New Zealand Energy 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 Energy's growth in the last year to its industry (Oil and Gas).
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 Energy does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare New Zealand Energy's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare New Zealand Energy's 1-year growth to the Europe Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
New Zealand Energy'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 Energy Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:0ZE Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 10.24 -2.02 3.50
2019-06-30 11.30 -1.88 3.45
2019-03-31 12.85 -0.61 3.42
2018-12-31 12.26 -1.00 3.42
2018-09-30 11.70 -2.92 3.36
2018-06-30 10.77 -3.20 3.52
2018-03-31 8.65 -4.50 3.61
2017-12-31 8.68 -4.54 3.82
2017-09-30 7.70 -3.80 3.97
2017-06-30 7.05 -4.61 4.08
2017-03-31 6.48 -4.85 4.14
2016-12-31 5.87 -5.23 4.18
2016-09-30 5.61 -5.59 4.33
2016-06-30 5.55 -5.27 4.21
2016-03-31 5.20 -5.69 4.39
2015-12-31 4.94 -5.91 4.58
2015-09-30 6.34 -73.45 5.64
2015-06-30 7.14 -74.32 6.55
2015-03-31 9.00 -83.26 6.96
2014-12-31 14.13 -84.11 7.69
2014-09-30 15.61 -21.67 7.71
2014-06-30 15.04 -22.67 7.63
2014-03-31 14.06 -14.74 7.69
2013-12-31 10.66 -15.11 7.88
2013-09-30 9.50 -9.49 8.49
2013-06-30 11.69 -9.00 8.08
2013-03-31 15.49 -5.84 7.91

*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.
  • It is difficult to establish if New Zealand Energy has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if New Zealand Energy has efficiently used its assets last year compared to the Europe Oil and Gas industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if New Zealand Energy improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess New Zealand Energy'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 Oil and Gas 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 Energy has a total score of 0/6, 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.

0ZE Health

 How is New Zealand Energy'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 Energy's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • New Zealand Energy is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • New Zealand Energy's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of New Zealand Energy'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.
  • New Zealand Energy has no debt, it does not need to be covered by short term assets.
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 Energy Company Filings, last reported 6 months ago.

DB:0ZE Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 3.62 0.00 0.99
2019-06-30 4.02 0.00 0.90
2019-03-31 4.73 0.00 0.98
2018-12-31 4.89 0.00 1.24
2018-09-30 5.71 0.00 0.71
2018-06-30 5.96 0.05 0.02
2018-03-31 5.45 0.42 0.04
2017-12-31 5.74 0.33 0.06
2017-09-30 8.78 0.48 0.01
2017-06-30 9.61 0.36 0.06
2017-03-31 9.98 0.23 0.05
2016-12-31 10.61 0.36 0.06
2016-09-30 13.13 0.01
2016-06-30 13.77 0.00 0.08
2016-03-31 14.23 0.00 0.19
2015-12-31 16.07 0.00 0.43
2015-09-30 20.99 0.00 0.84
2015-06-30 21.63 0.00 1.05
2015-03-31 25.58 0.00 1.58
2014-12-31 23.77 0.41 1.12
2014-09-30 88.35 0.07 0.79
2014-06-30 96.87 0.00 0.69
2014-03-31 110.51 0.00 2.53
2013-12-31 101.45 0.00 4.90
2013-09-30 92.56 0.00 2.00
2013-06-30 90.48 31.08 1.74
2013-03-31 95.61 21.85 5.83
  • New Zealand Energy has no debt.
  • New Zealand Energy has no debt compared to 5 years ago when it was 0.1%.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making New Zealand Energy has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making New Zealand Energy has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -73.1% per year.
X
Financial health checks
We assess New Zealand Energy'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 Energy has a total score of 5/6, 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.

0ZE Dividends

 What is New Zealand Energy'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
0%
Current annual income from New Zealand Energy dividends.
If you bought €2,000 of New Zealand Energy shares you are expected to receive €0 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?
  • Unable to evaluate New Zealand Energy's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate New Zealand Energy's dividend against the top 25% market benchmark as the company has not reported any payouts.
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
DB:0ZE 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 0 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 9.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 1%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

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

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

  • Unable to perform a dividend volatility check as New Zealand Energy has not reported any payouts.
  • Unable to verify if New Zealand Energy's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of New Zealand Energy's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as New Zealand Energy has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess New Zealand Energy's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - 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 Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. New Zealand Energy has a total score of 0/6, see the detailed checks below.


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

0ZE Management

 What is the CEO of New Zealand Energy'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
Mike Adams
COMPENSATION CA$410,852
TENURE AS CEO 4.7 years
CEO Bio

Mr. Michael Adams, also known as Mike, M.Sc., B.Sc, MRSNZ has been the Chief Executive Officer of New Zealand Energy Corporation since July 17, 2015. Mr. Adams has 30 years of operational and reservoir engineering experience foremost in New Zealand, but also in Australia, the Middle East and the North Sea. During the initial stages of Mr. Adams’ career he worked for the New Zealand national oil company, Petrocorp, where he was involved in initial appraisal and development of the Waihapa field (New Zealand’s second largest onshore oil field), development of the McKee field (New Zealand’s largest onshore oil field) and discovery of the Mt Messenger accumulations at Kaimiro. He next worked overseas including engagements with BHP Petroleum and QGPC (Qatar) before returning to New Zealand in 1996 to work for Fletcher Challenge Energy focused in particular on enhanced recovery projects in various Taranaki fields. He set up his own reservoir engineering consultancy in 1999 and has been involved in many successful project assignments both in New Zealand and overseas, most recently including tenure with Belltree UK where he has been technical manager for a 16 man consultancy leading international projects covering prospect evaluation, field appraisal and development planning and EOR. Mr. Adams qualified with M.Sc. (Hons. Physics) B.Sc (Physics, Geology).

CEO Compensation
  • Mike's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Mike's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the New Zealand Energy management team in years:

5.8
Average Tenure
  • The average tenure for the New Zealand Energy management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Mike Adams

TITLE
Chief Executive Officer
COMPENSATION
CA$411K
TENURE
4.7 yrs

Derek Gardiner

TITLE
Chief Financial Officer
COMPENSATION
CA$267K
AGE
59
TENURE
6.2 yrs

David Pay

TITLE
Legal Counsel & Corporate Secretary
COMPENSATION
CA$224K
TENURE
5.4 yrs

Newton Cockerill

TITLE
Financial Controller
TENURE
6.4 yrs
Board of Directors

James Max Willis

TITLE
Chairman of the Board
COMPENSATION
CA$32K

Mark Dunphy

TITLE
Independent Director
TENURE
5 yrs

David Llewellyn

TITLE
Independent Director
COMPENSATION
CA$26K
TENURE
4.8 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 (€) Value (€)
X
Management checks
We assess New Zealand Energy'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 Energy 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.

0ZE News

Simply Wall St News

0ZE Company Info

Description

New Zealand Energy Corp., through its subsidiaries, engages in the acquisition, exploration, development, and production of conventional oil and natural gas resources in New Zealand. The company holds interests in three petroleum mining licenses, including Waihapa, Tariki, and Ngaere totalling 23,049 acres; Copper Moki petroleum mining permit covering 943.7 acres; and Eltham petroleum exploration permit located on the North Island in the Taranaki Basin. It also operates midstream assets. As of December 31, 2018, the company had proved and probable reserves of 753,600 barrels of oil. New Zealand Energy Corp. was founded in 2010 and is based in Wellington, New Zealand.

Details
Name: New Zealand Energy Corp.
0ZE
Exchange: DB
Founded: 2010
CA$744,008
232,123,459
Website: http://www.newzealandenergy.com
Address: New Zealand Energy Corp.
L2, 86-96 Victoria Street,
PO Box 24 147,
Wellington,
New Zealand
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV NZ Common Shares TSX Venture Exchange CA CAD 04. Aug 2011
OTCPK NZER.F Common Shares Pink Sheets LLC US USD 04. Aug 2011
DB 0ZE Common Shares Deutsche Boerse AG DE EUR 04. Aug 2011
Number of employees
Current staff
Staff numbers
0
New Zealand Energy employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/30 22:56
End of day share price update: 2020/03/30 00:00
Last earnings filing: 2019/11/28
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


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.