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NZME Limited

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About NZM

NZME Limited (NZM) is involved in the operation of an integrated media and entertainment business. The organisation with a portfolio of audio, Publishing, digital & e-commerce and print brands producing content, targeting New Zealand audiences.

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Sector

Communication Services

CEO

Mr Michael Boggs

Industry

Media

Website

nzme.co.nz

Market Capitalisation

$179M

Price-earnings ratio

15.78

Dividend yield

8.49%

High today

$0.98

Low today

$0.96

Open price

$0.98

52-week high

$1.04

52-week low

$0.74


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What does NZME Limited (NZM) do?

NZME Limited, or New Zealand Media and Entertainment, is a dominant media force in New Zealand with a 37.4% market share of radio and a 55.6% market share of print.

Founded in 2001 and based in Auckland, the company is an integrated media and entertainment business active on traditional and digital channels. 

NZME owns 10 audio brands including Newstalk ZB, ZM and Coast, 32 print publications including The New Zealand Herald, Business Desk and OneRoof and a handful of websites including The New Zealand Herald, OneRoof, Restaurant Hub and Driven.

How does NZME make money?

NZME earns revenue through multiple streams. The company reports all earnings in one business segment called “Integrated Media and Entertainment.” 

The most prominent streams are as follows:

  • Advertising — NZME provides advertising services on multiple platforms including print, radio and/or digital, as well as experiential campaigns, competitions, product sampling and even street performances.

  • Subscriptions — NZME enters contracts with customers to deliver publications on specific days.

  • Circulation — NZME delivers specific publications on specific days, for these to be on-sold to the public.

  • External printing and distribution — NZME contracts with third parties to print and distribute publications on their behalf.

  • e-Commerce — prior to October 2021, NZME acted as an agent for merchants selling products or services using GrabOne. NZME sold GrabOne and its assets to Global Marketplace New Zealand for A$1.6 million of cash in October 2021.

NZME also earns revenue through back-office support services and Government grants.

Is NZME Limited a profitable company?

Since going public, NZME’s revenue has fluctuated between A$404.8m (FY2015) and A$300m (FY2020). The company’s revenue has never surpassed FY2015’s results.

NZME has also proven to be an expensive business to run, with the company’s net income relatively low or even negative each financial year. In FY2019, NZME earned a negative net income of A$158.04. Net income rose back into positive territory in FY2020 and FY2021 with A$13.57m and A$32.65m, respectively.

NZME has A$13.5m of net cash on its books.

Is NZM stock a buy?

Some investors are bullish as NZME announced a share buyback program on 17 December 2021. The company also signed a letter of intent to supply Google’s News Showcase with news content on 25 March 2022. As icing on the cake, NZME entered commercial discussions with Meta Platforms to help with digital transformation projects around the same time.

As always, some investors aren’t as excited, citing historically weak financial performance and the possibility that deals with Google and Meta may fall through.

Who owns NZM stock?

Most of NZM’s biggest owners are institutional, holding 49% of the total float.

These institutions include Osmium Partners (15.57%), UBS Asset Management (13.49%), Auscap Asset Management (12.97%), Spheria Asset Management (10%), Repertoire Partners (6.41%) and Telstra Super (4.98%).

CEO Michael Boggs owns 0.55% of the company.

How do I buy NZM stock?

Stake offers a quick and easy way to purchase NZM shares – along with 2,000+ other Australian stocks and ASX ETFs – for a brokerage fee of only A$3.

Stake is a CHESS sponsored platform, meaning that when you buy ASX shares, you get a HIN (Holder Identification Number) and stocks are held in your name.

With Stake, you can be in the market in under 5 minutes, whether it's the ASX or Wall St. If you’re interested in building your portfolio by adding NZM, sign up today.

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NZM FAQs

  1. Find the right investing platform for you. To buy NZM shares in Australia, you’ll need to open an account with an investing platform that offers the security. Try Stake, you can sign up in minutes.
  2. Fund your brokerage account. Once you are set up you can deposit into your account with different payment methods.
  3. Search for NZM or NZME Limited. Find the stock by using the search function and go to the NZM page.
  4. Place an order to buy NZM. Press the ‘Buy’ button and choose an order type to place your trade. Depending on the order type, the trade will go through straight away or when a price target is hit.
  5. Monitor your portfolio. You’ve now purchased some NZM shares. Stay on top of your portfolio and monitor its performance. You may be eligible for dividends and shareholder voting rights that affect your stock.

The ticker symbol for NZME Limited is NZM.

One share of NZM is valued at $0.96 as of 12 December 2024.

As of 12 December 2024 NZME Limited has a market cap of $179M.

Yes, NZM does pay dividends.

The dividend yield for NZM is 8.49% as of 12 December 2024.

The most recent NZM dividend distribution paid $0.03 per share on 25 September 2024.

The ex-dividend date of NZM was 12 September 2024.

The Price to Earnings ratio of NZM is 15.78.

The Earnings Per Share of NZM is $0.06.

The NZME Limited 52-week high stock price is $1.04.

The NZME Limited 52-week low stock price is $0.74.

Yes, the Stake investing platform allows you to buy NZM shares and over 12,000 more stocks and ETFs across the ASX and Wall St.

This is not financial product advice nor a recommendation to invest in the securities listed. Past performance is not a reliable indicator of future performance. As always, do your own research and consider seeking financial, legal and taxation advice before investing. No representation is made as to the timeliness, reliability, accuracy or completeness of the market data provided.

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