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Tower Ltd

Financial Services AU TWR

1.2AUD
-0.02(1.64%)

Last update at 2024-11-13T03:39:00Z

Day Range

1.161.22
LowHigh

52 Week Range

0.491.32
LowHigh

Fundamentals

  • Previous Close 1.22
  • Market Cap464.29M
  • Volume44470
  • P/E Ratio12.20
  • Dividend Yield1.97%
  • EBITDA59.78M
  • Revenue TTM456.30M
  • Revenue Per Share TTM1.20
  • Gross Profit TTM 26.16M
  • Diluted EPS TTM0.10

Analyst Recommendations

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2023-09-30 2022-09-30 2021-09-30 2020-09-30 2019-09-30
Type yearly yearly yearly yearly yearly
Date 2023-09-30 2022-09-30 2021-09-30 2020-09-30 2019-09-30
Income before tax 7.44M 25.20M 28.45M 20.25M 26.00M
Minority interest - -0.05200M -0.63200M 2.16M 1.80M
Net income -1.22800M 18.80M 18.68M 11.89M 16.57M
Selling general administrative 79.57M 80.04M 37.72M 44.14M 57.80M
Selling and marketing expenses 13.13M 11.76M 8.52M 8.18M 8.77M
Gross profit 412.16M 360.01M 341.34M 327.89M 303.36M
Reconciled depreciation 23.16M 19.71M 17.27M 15.44M 8.17M
Ebit 2.95M 27.23M 27.11M 19.51M 25.75M
Ebitda 26.11M 46.94M 44.38M 34.95M 33.92M
Depreciation and amortization 23.16M 19.71M 17.27M 15.44M 8.17M
Non operating income net other - - - - -
Operating income 2.95M 27.23M 27.11M 19.51M 25.75M
Other operating expenses 404.73M 334.81M 312.89M 307.64M 277.36M
Interest expense 0.92M 0.90M 0.38M 1.12M 0.31M
Tax provision 5.08M 7.53M 9.13M 7.91M 9.19M
Interest income 12.87M 6.83M 5.15M 7.33M 8.14M
Net interest income -0.92000M -0.89700M -0.37800M -1.12500M -0.31200M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense 5.08M 7.53M 9.13M 7.91M 9.19M
Total revenue 412.16M 360.01M 341.34M 327.89M 303.36M
Total operating expenses -409.21500M -332.78600M -314.23200M -308.37300M -277.60200M
Cost of revenue - - - - 175.71M
Total other income expense net 0.91M -2.02600M 1.34M 0.74M 0.24M
Discontinued operations - 1.18M 1.18M 1.18M 1.18M
Net income from continuing ops 2.35M 17.67M 19.32M 12.34M 16.80M
Net income applicable to common shares - 18.80M 18.68M 11.89M 16.57M
Preferred stock and other adjustments - - - - -
Breakdown 2023-09-30 2022-09-30 2021-09-30 2020-09-30 2019-09-30
Type yearly yearly yearly yearly yearly
Date 2023-09-30 2022-09-30 2021-09-30 2020-09-30 2019-09-30
Total assets 946.18M 804.21M 802.31M 692.28M 703.43M
Intangible assets 80.78M 76.91M 70.85M 67.21M 56.47M
Earning assets - - - - -
Other current assets - 40.45M 29.41M 258.08M 295.58M
Total liab 645.91M 486.69M 452.59M 345.12M 410.77M
Total stockholder equity 300.26M 317.53M 347.04M 345.00M 290.86M
Deferred long term liab - - - - -
Other current liab -16.57900M -20.90900M -16.46200M -16.24800M -90.83800M
Common stock 460.31M 460.19M 492.42M 492.42M 447.54M
Capital stock 460.31M 460.19M 492.42M 492.42M 447.54M
Retained earnings -55.94900M -41.21200M -39.99500M -42.99000M -41.50400M
Other liab - 12.46M 3.25M 3.98M 1.39M
Good will 17.74M 17.74M 17.74M 17.74M 17.74M
Other assets 340.33M 354.23M 346.79M 258.08M 295.58M
Cash 64.01M 84.50M 116.13M 80.11M 67.02M
Cash and equivalents - - - - -
Total current liabilities 16.58M 20.91M 16.46M 16.25M 90.84M
Current deferred revenue - - - - -
Net debt -31.39400M -49.44800M -76.70800M -71.41300M -52.08700M
Short term debt 5.48M 6.24M 6.08M 2.72M 14.93M
Short long term debt - - - - 14.93M
Short long term debt total 32.62M 35.05M 39.42M 8.70M 14.93M
Other stockholder equity - -101.45100M -105.38500M -104.43100M 9.81M
Property plant equipment - 28.74M 34.95M 17.25M 9.10M
Total current assets 477.83M 326.59M 331.98M 331.43M 323.92M
Long term investments - - - 0.57M 0.61M
Net tangible assets - 222.88M 258.45M 260.05M 216.65M
Short term investments - - - 0.57M 0.61M
Net receivables 413.83M 242.09M 215.85M 250.75M 256.30M
Long term debt - - - - -
Inventory - - - - -
Accounts payable 11.10M 14.67M 10.38M 13.53M 75.91M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -104.10100M -101.45100M -105.38500M -104.43100M -115.18200M
Additional paid in capital - - - - -
Common stock total equity - - - 492.42M 447.54M
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other -128.00800M -123.39600M -123.54300M -102.77800M -83.92600M
Deferred long term asset charges - - - - -
Non current assets total 128.01M 123.40M 123.54M 102.78M 83.93M
Capital lease obligations 32.62M 35.05M 39.42M 8.70M -
Long term debt total - - 39.42M 8.70M -
Breakdown 2023-09-30 2022-09-30 2021-09-30 2020-09-30 2019-09-30
Type yearly yearly yearly yearly yearly
Date 2023-09-30 2022-09-30 2021-09-30 2020-09-30 2019-09-30
Investments -12.27800M -0.16600M -32.23800M -5.25000M -41.62300M
Change to liabilities - 0.00000M 0.00000M 0.00000M 0.00000M
Total cashflows from investing activities - -23.67000M -58.70100M -25.20600M -79.25000M
Net borrowings - -6.04400M 8.10M -18.07000M 15.00M
Total cash from financing activities -23.17900M -63.71000M -2.82200M 25.70M 14.65M
Change to operating activities - 41.45M 8.84M -15.31300M -6.06100M
Net income -1.22800M 18.80M 18.68M 10.76M 16.57M
Change in cash -28.28900M -23.83100M 36.02M 18.09M -39.98300M
Begin period cash flow 92.30M 116.13M 80.11M 62.02M 102.00M
End period cash flow 64.01M 92.30M 116.13M 80.11M 62.02M
Total cash from operating activities 8.66M 38.52M 98.64M 16.16M 24.61M
Issuance of capital stock - - - 47.30M -
Depreciation 12.02M 19.71M 17.27M 6.58M 1.64M
Other cashflows from investing activities - -0.10300M -32.23800M -5.25000M -36.66500M
Dividends paid 15.22M 20.03M 10.54M 41.81M 10.54M
Change to inventory - - - - -
Change to account receivables -184.69800M -30.49500M 41.61M -2.65900M -2.01200M
Sale purchase of stock - -30.63400M - -2.41900M -
Other cashflows from financing activities -7.96300M -13.04800M 7.72M 25.70M 14.65M
Change to netincome - 11.01M 11.70M 10.93M 7.65M
Capital expenditures 23.62M 17.31M 12.03M 3.12M 1.89M
Change receivables - - - - -
Cash flows other operating - - - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes - - - - -
Change in working capital -184.69800M -30.57400M 51.37M -2.65900M -2.01200M
Stock based compensation - - - - -
Other non cash items 182.57M -38.51800M -35.95100M 1.49M 8.41M
Free cash flow -14.95600M 21.21M 86.61M 13.04M 22.73M

Peer Comparison

Sector: Financial Services Industry: Insurance - Property & Casualty

Company Change (AUD) Price (AUD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
TWR
Tower Ltd		 -0.02 1.64% 1.20 12.20 9.96 1.02 1.49 1.01 -
QBE
Qbe Insurance Group Ltd		 0.10 0.54% 18.67 10.35 10.59 1.23 1.72 1.05 -
SUN
Suncorp Group Ltd		 -0.15 0.80% 18.65 27.09 18.08 1.81 1.68 1.88 -
IAG
Insurance Australia Group Ltd		 -0.09 1.15% 7.76 21.16 14.27 1.16 2.33 1.39 -
SUNPH
Suncorp Group Limited		 -0.12 0.12% 102.82 148.17 - - - - -

Reports Covered

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Profile

Tower Limited provides general insurance products in New Zealand and the Pacific Islands. Its insurance products include car, house, contents, contract works and renovation cover, landlord, boat, business, travel, pet, renters, house and contents bundle, electric vehicle, motorbike and motorcycle, lifestyle block, caravan or trailer, motorhome, campervan and RV, and multi-policy discount insurance. Tower Limited was founded in 1869 and is headquartered in Auckland, New Zealand.

Tower Ltd

136 Fanshawe Street, Auckland, New Zealand, 1142

Key Executives

Name Title Year Born
Mr. Blair McLaren Turnbull Chief Exec. Officer NA
Mr. Paul Johnston Chief Financial Officer NA
Tania Pearson Gen. Counsel & Company Sec. NA
Ms. Emily Davies Head of Corp. Affairs & Sustainability NA
Mr. Andrew John Hambleton Chief People & Transformation Officer and Acting MD of Pacific NA
Mr. Ronald Mudaliar Chief Underwriting Officer NA
Ms. Paula Ter Brake MD of Pacific NA
Mr. Jonathan Beale Managing Director of Partnerships NA
Mr. Steve Wilson Chief Claims Officer NA
Mr. James Brownell Acting Chief Risk Officer NA

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