Financials Freightways Group Limited

Equities

FRW

NZFREE0001S0

Air Freight & Logistics

End-of-day quote New Zealand S.E. 18:00:00 2024-04-25 EDT 5-day change 1st Jan Change
8.36 NZD +0.72% Intraday chart for Freightways Group Limited -2.79% -1.65%

Valuation

Fiscal Period: Giugno 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,311 1,189 2,086 1,517 1,476 1,494 - -
Enterprise Value (EV) 1 1,462 1,394 2,230 1,669 1,729 1,741 1,729 1,720
P/E ratio 20.7 x 24 x 42.1 x 21.7 x 19.3 x 21 x 17.8 x 15.2 x
Yield 3.61% 2.09% 2.66% 4.04% 4.45% 4.35% 4.9% 5.68%
Capitalization / Revenue 2.13 x 1.88 x 2.61 x 1.74 x 1.32 x 1.24 x 1.17 x 1.11 x
EV / Revenue 2.38 x 2.21 x 2.79 x 1.91 x 1.54 x 1.45 x 1.35 x 1.27 x
EV / EBITDA 13 x 9.64 x 11.9 x 9.03 x 8.05 x 7.77 x 7.01 x 6.36 x
EV / FCF - - - - -36.6 x 38.3 x 19.1 x 17.2 x
FCF Yield - - - - -2.73% 2.61% 5.23% 5.82%
Price to Book 4.79 x 3.76 x 6.11 x 4.26 x 3.1 x 3.06 x 2.97 x 2.88 x
Nbr of stocks (in thousands) 155,378 165,413 165,538 165,803 177,431 178,713 - -
Reference price 2 8.440 7.190 12.60 9.150 8.320 8.360 8.360 8.360
Announcement Date 19-08-25 20-08-24 21-08-22 22-08-21 23-08-20 - - -
1NZD in Million2NZD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Giugno 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 615.7 630.9 800.5 873.1 1,122 1,203 1,277 1,351
EBITDA 1 112.2 144.7 187.6 184.9 214.9 223.9 246.5 270.2
EBIT 1 94.71 94.32 122.9 122.7 134 140.6 160 180.8
Operating Margin 15.38% 14.95% 15.36% 14.05% 11.94% 11.69% 12.53% 13.38%
Earnings before Tax (EBT) 1 87.5 66.3 77.22 98.7 105.4 103.3 118.8 137.5
Net income 1 63.37 47.33 49.56 70.1 75.14 71 84 98.12
Net margin 10.29% 7.5% 6.19% 8.03% 6.7% 5.9% 6.58% 7.26%
EPS 2 0.4070 0.2990 0.2990 0.4220 0.4310 0.3990 0.4706 0.5505
Free Cash Flow 1 - - - - -47.25 45.4 90.5 100.1
FCF margin - - - - -4.21% 3.77% 7.09% 7.41%
FCF Conversion (EBITDA) - - - - - 20.28% 36.71% 37.04%
FCF Conversion (Net income) - - - - - 63.95% 107.74% 102.02%
Dividend per Share 2 0.3050 0.1500 0.3350 0.3700 0.3700 0.3634 0.4093 0.4750
Announcement Date 19-08-25 20-08-24 21-08-22 22-08-21 23-08-20 - - -
1NZD in Million2NZD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: Giugno 2020 S1 2020 S2 2021 S1 2024 S1
Net sales 1 318.9 312 410.3 620.7
EBITDA 1 - - - 119.5
EBIT - - - -
Operating Margin - - - -
Earnings before Tax (EBT) - - - -
Net income 1 - - - 40.8
Net margin - - - 6.57%
EPS - - - -
Dividend per Share 2 - - - 0.1800
Announcement Date 20-02-24 20-08-24 21-02-22 24-02-18
1NZD in Million2NZD
Estimates

Balance Sheet Analysis

Fiscal Period: Giugno 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 151 205 144 152 253 247 235 226
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.346 x 1.417 x 0.7662 x 0.8225 x 1.176 x 1.101 x 0.9522 x 0.8359 x
Free Cash Flow 1 - - - - -47.3 45.4 90.5 100
ROE (net income / shareholders' equity) 23.8% 16% 22.1% 20.2% 18.1% 15.9% 18.4% 20.9%
ROA (Net income/ Total Assets) 11.1% 5.79% 6.94% - 6.1% 10.1% 11.3% 12.4%
Assets 1 572.7 817.5 714.1 - 1,233 704.6 745.2 793.2
Book Value Per Share 2 1.760 1.910 2.060 2.150 2.680 2.730 2.820 2.900
Cash Flow per Share 2 0.4900 0.8000 0.8100 0.7400 0.8900 0.8800 0.9900 1.090
Capex 1 23.3 23.6 18 27.1 37.3 35.7 40.6 44.7
Capex / Sales 3.78% 3.75% 2.25% 3.11% 3.32% 2.96% 3.18% 3.31%
Announcement Date 19-08-25 20-08-24 21-08-22 22-08-21 23-08-20 - - -
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+
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
4
Last Close Price
8.36 NZD
Average target price
9.19 NZD
Spread / Average Target
+9.93%
Consensus

Quarterly revenue - Rate of surprise

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