TOWER LIMITED (TWR)
Share Price Analysis and Chart

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TWR - TOWER LIMITED

FNArena Sector : Insurance
Year End: September
GICS Industry Group : Insurance
Debt/EBITDA: N/A
Index:

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.56

26 May
2023

0.000

OPEN

$0.57

0.000

HIGH

$0.57

31,821

LOW

$0.56

OTHER COMPANIES IN THE SAME SECTOR
AUB . CVW . FCL . GDG . HLI . IAG . ISU . MPL . NHF . NOL . PSI . QBE . SDF . SUN .
FNARENA'S MARKET CONSENSUS FORECASTS
TWR: 1
Title FY23
Forecast		 FY24
Forecast
EPS (cps) 2.4 xxx
DPS (cps) 3.2 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 23.5 xxx
Dividend Yield 5.7% xxx
Div Pay Ratio(%) 134.7% xxx
This company reports in NZD.
All estimates have been converted into AUD by FNArena at present FX values.

Dividend yield today if purchased 3 years ago: N/A

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 N/A

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 17/01 - ex-div 3.14c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201720182019202020212022
EPS Basic xxxxxxxxxxxxxxx4.4
DPS All xxxxxxxxxxxxxxx13.4
Sales/Revenue xxxxxxxxxxxxxxx330.2 M
Book Value Per Share xxxxxxxxxxxxxxx73.6
Net Operating Cash Flow xxxxxxxxxxxxxxx54.3 M
Net Profit Margin xxxxxxxxxxxxxxx4.92 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201720182019202020212022
Return on Capital Employed xxxxxxxxxxxxxxx5.32 %
Return on Invested Capital xxxxxxxxxxxxxxx4.87 %
Return on Assets xxxxxxxxxxxxxxx2.19 %
Return on Equity xxxxxxxxxxxxxxx5.32 %
Return on Total Capital xxxxxxxxxxxxxxx7.06 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx33.4 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201720182019202020212022
Short-Term Debt xxxxxxxxxxxxxxx5 M
Long Term Debt xxxxxxxxxxxxxxx25 M
Total Debt xxxxxxxxxxxxxxx31 M
Goodwill - Gross xxxxxxxxxxxxxxx16 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx74 M
Price To Book Value xxxxxxxxxxxxxxx0.76

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201720182019202020212022
Capex xxxxxxxxxxxxxxx21.6 M
Capex % of Sales xxxxxxxxxxxxxxx6.54 %
Cost of Goods Sold xxxxxxxxxxxxxxx-
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx99 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx228 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

09/05/2023

1

Outperform

-

-

Tower has downgraded FY23 net profit to NZD8-13m from NZD18-23m. FY23 large events allowance has increased to NZD50m, with around -NZD34m in losses incurred to the end of April.

The company has increased its gross written premium guidance to 15-20%, expecting to report a statutory loss after-tax for the first half of -NZD3m and will not pay an interim dividend.

As reinsurance markets become more difficult, Macquarie notes the winding back of cover leads to increased earnings volatility. And, unfortunately, the severity of catastrophes, the first half and higher-than-average frequency have weighed on Tower.

Outperform maintained. Target is reduced to NZD0.84 from NZD0.88.

FORECAST
Macquarie forecasts a full year FY23 dividend of 3.20 cents and EPS of 2.38 cents.
Macquarie forecasts a full year FY24 dividend of 7.32 cents and EPS of 6.04 cents.
Access Stockbroker Research History >

TWR STOCK CHART

FNArena News on TWR

1
Brokers Tip Rosy Year For Insurers

Jul 05 2018 - Australia
2
Weekly Ratings, Targets, Forecast Changes

Mar 12 2018 - Weekly Reports
3
Weekly Broker Wrap: Macro Outlook, Consumer, Property, Hotels, Gas And Insurance

May 20 2016 - Weekly Reports
4
Smaller Cap Industrials: Re-Rating Or Bubble Threat?

Oct 14 2015 - Rudi's View
5
Small And Mid Cap Stock Picks

Jul 08 2015 - Small Caps

Latest Insurance News

1
Underlying Trends Positive For QBE Insurance

May 15 2023 - Australia
2
Rates Over Reinsurance For General Insurers 

Feb 01 2023 - Australia
3
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Jun 01 2022 - Australia
4
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Feb 04 2022 - Australia
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Apr 27 2021 - Australia
10
Insurers Tackle More Risk As NSW Floods

Mar 23 2021 - Australia