This is a basic profile of an NZX50 listed company. It is not investment advice. We recommend you contact a qualified adviser if you need more information.
Freightways
Directory
| NZX code: | FRW |
| Short name: | Freightways |
| Legal name: | Freightways Limited |
| Industry sector: | Freight and information |
| NZX50 rank: | 21 of 50 |
| Head office address: | 2nd Floor, Freightways House, 32 Botha Road, Penrose, Auckland |
| Chairman: | Mark Verbiest |
| Chief executive: | Mark Troughear |
| Financial year ended: | June |
| Locations: | New Zealand, Australia |
| Auditor: | Pwc |
| Bankers: | [not revealed] |
Freightways
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Financial statement history
A. Recent trading and performance summary:
| Total revenue |
NPAT | Earnings per share |
|
| fye June | mln | mln | cents |
| 2018 | $580.9 | $62.2 | 40.1 |
| 2019 | $615.7 | $63.4 | 40.8 |
| 2020 | $630.9 | $47.4 | 30.0 |
| 2021 | $800.5 | $49.6 | 29.0 |
| 2022 | $873.1 | $70.2 | 42.3 |
| 2023 | $1021.6 | $75.3 | 43.1 |
B. Recent financial position summary:
| Total assets |
Total Liabilities |
Equity ratio |
|
| fye June | bln | bln | % |
| 2018 | $0.56 | $0.30 | 46.4 |
| 2019 | $0.58 | $0.31 | 46.6 |
| 2020 | $1.05 | $0.73 | 30.5 |
| 2021 | $1.04 | $0.70 | 32.7 |
| 2022 | $1.09 | $0.73 | 33.0 |
| 2023 | $1.37 | $0.90 | 34.3 |
C. Recent cash flows and positions:
| Cash inflows |
Cash outflows |
Cash and equiv. at year end |
|
| fye June | mln | mln | mln |
| 2018 | $75.7 | $77.2 | $7.4 |
| 2019 | $76.0 | $66.8 | $16.0 |
| 2020 | $127.2 | $126.7 | $16.7 |
| 2021 | $135.0 | $131.7 | $19.9 |
| 2022 | $123.7 | $119.9 | $24.1 |
| 2023 | $155.8 | $184.9 | $44.5 |
D. Recent key ratio analysis:
| Earnings per share |
Price:Earnings ratio |
NTA/share | Dividend yield |
|
| fye June | cents | annual avg | dollars | annual avg % |
| 2018 | 40.1 | 19.5 | (0.65) | 3.80 |
| 2019 | 40.8 | 20.7 | (0.59) | 3.61 |
| 2020 | 30.0 | 24.0 | (1.16) | 2.09 |
| 2021 | 29.0 | 42.0 | (0.83) | 2.66 |
| 2022 | 42.3 | 21.6 | (0.85) | 4.04 |
| 2023 | 43.2 | 20.2 | (1.06) | 5.90 |
Description of trading activities
Freightways is primarily an express package and business mail service provider. They have recently successfully expanded into information management, building digital and physical brands in Australia and New Zealand.
CEO profile
Mark Troughear was appointed the CEO of Freightways on January 1st, 2018. He joined Freightways in 1996 and has responsibilities in the information management division. Troughear has a business degree with a major in marketing. Troughear's experience spans; sales management, brand development, managing operational units, mergers and acquisitions, developing emerging businesses, and corporate oversight.
Chairman profile
Mark Cairns was appointed as a Director of FRW in April 2021. Cairs was the Chief Executive of Port of Tauranga, New Zealand's largest and most successful port. Cairns was also recently Chief Executive of Toll Owens Limited and Owens Cargo Company Limited. Cairns is a Director of Auckland International Airport Ltd, and Meridian Energy Ltd.
Links:
| Company website: | https://www.freightways.co.nz/ |
| Investor information: | https://www.freightways.co.nz/investor-relations/ |
| NZX listing: | https://www.nzx.com/companies/FRE |
| Annual reports: | https://www.freightways.co.nz/investor-relations/annual-reports/ |