New Zealand Oil & Gas Limited

    New Zealand Oil & Gas Limited

    NNZX:NZO
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    NZD
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    6.86P/E

    Share Statistics

    As of June 30, 2023, New Zealand Oil & Gas Limited has 227.37M shares outstanding.

    Shares Outstanding227.37M

    Valuation Ratios

    As of June 30, 2023, New Zealand Oil & Gas Limited trades at a trailing price-to-earnings ratio of 6.86. The price-to-sales ratio is 0.75, and the price-to-book ratio stands at 0.50.

    PE Ratio6.86
    PS Ratio0.75
    PB Ratio0.50
    P/TBV Ratio0.41
    P/FCF Ratio2.97

    Enterprise Valuation

    As of June 30, 2023, New Zealand Oil & Gas Limited trades at an EV/EBITDA multiple of 2.08 - the valuation measure that neutralizes differences in capital structure, tax rates, and depreciation policy, making it the standard yardstick for comparing companies across an industry. The EV/Sales ratio of 0.61 reflects the premium investors pay for the company's revenue stream, a useful check when earnings are depressed or negative. Its EV/EBIT multiple of 2.08 values the business against core operating earnings after depreciation, a stricter test than EV/EBITDA for capital-intensive businesses. New Zealand Oil & Gas Limited trades at an EV/FCF ratio of 2.27, comparing the total takeover cost of the business to the cash it actually generates for all capital providers.

    EV / Sales0.61
    EV / EBITDA2.08
    EV / EBIT2.08
    EV / FCF2.27

    Financial Position

    As of June 30, 2023, New Zealand Oil & Gas Limited maintains a current ratio of 3.02, meaning it holds 3.0x the short-term assets needed to cover near-term liabilities.

    Current Ratio3.02
    Quick Ratio2.58
    Interest Coverage14.32

    Financial Efficiency

    Over the twelve months ended June 30, 2023, New Zealand Oil & Gas Limited posted a return on equity (ROE) of 7.55, showing how much profit the company earns on every dollar of shareholder capital. Return on invested capital (ROIC) comes in at 13.61 - the clearest signal of whether the business earns more on its capital than that capital costs, and the core measure of a durable competitive advantage. Return on assets (ROA) stands at 3.89, measuring how efficiently the asset base is converted into earnings. Return on capital employed (ROCE) is 2.55, useful for judging operating efficiency across full business cycles. Inventory turnover of 0.36 indicates how many times New Zealand Oil & Gas Limited sells and replaces its inventory over a year, a key working capital efficiency ratio.

    Return on Equity (ROE)7.55
    Return on Assets (ROA)3.89
    Return on Invested Capital (ROIC)13.61
    Return on Capital Employed (ROCE)2.55
    Inventory Turnover0.36

    Taxes

    These figures cover the twelve months ended June 30, 2023. That works out to an effective tax rate of 17.69, which can sit above or below the statutory corporate tax rate depending on foreign earnings mix, tax credits, and one-off items.

    Effective Tax Rate17.69

    Margins

    Over the twelve months ended June 30, 2023, New Zealand Oil & Gas Limited posted a gross margin of 99.00, reflecting its pricing power and cost economics. The operating margin of 29.25 and net profit margin of 10.89 provide insight into operational efficiency.

    Gross Margin99.00
    Operating Margin29.25
    Pretax Margin23.47
    Profit Margin10.89
    EBITDA Margin29.25

    Dividends & Yields

    These figures cover the twelve months ended June 30, 2023. Free cash flow yield stands at 33.62, showing how much cash the business generates relative to its market value - dividends covered by free cash flow are generally more durable than those funded by debt. Total shareholder yield reaches 0.34, combining dividends paid with share buybacks and debt reduction for a fuller picture of capital returned to New Zealand Oil & Gas Limited shareholders.

    Shareholder Yield0.34
    FCF Yield33.62

    Stock Splits

    New Zealand Oil & Gas Limited's most recent stock split took place on May 3, 2022 with a 1000:1049 split ratio.

    Last Split Date5/3/2022
    Split Ratio1000:1049

    Scores

    As of June 30, 2023, New Zealand Oil & Gas Limited has an Altman Z-Score of 0.93, below the 3.0 threshold that indicates strong financial health and minimal bankruptcy risk.

    Altman Z-Score0.93