Tower Share Price and Company Fundamentals



Price
$0.57
Change
0.015 (2.703%)
52 week
0.53 - 0.755555

Last traded: Today at 1:46 AM

Tower Limited provides general insurance products in New Zealand and the Pacific Islands. Its insurance products include car, contents, renters', house, landlord, business, travel, boat, motorbike, electric vehicle, lifestyle block and farm, motorhome, and caravan or trailer insurance. The company was founded in 1869 and is headquartered in Auckland, New Zealand.

Key Metrics

PE ratio

23.40

PB ratio

0.76

Dividend yield

9.01%

Beta

0.36

Market cap

-

Enterprise value

-

Company profile

Primary activitiesInsurance
Industry / SectorInsurance—Property & Casualty / Financial Services
Websitehttps://www.tower.co.nz
Mailing address136 Fanshawe Street Level 5 Auckland 1010 New Zealand
Phone / Fax64 9 985 1558 /
Share registryCOMPUTERSHARE INVESTOR SERVICES PTY. LIMITED

Dividends

More: Tower Dividend history, yield and payout ratio

Dividend yield

9.01%

Dividend amount

$0.05

Payout ratio

2,925.03%

Tower paid $0.05 dividend and the ex-dividend date was 15 June 2022.The dividend payout ratio is 2,925.03%. The dividend payout ratio is defined as the amout of dividend paid divided by the earnings of the company.TWR dividend payout ratio is less than 70. This is ideal as it gives company room to grow the dividends and also the excess earnings can be invested in company for growth.

TWR's forward dividend amount is $0.69 and the forward dividend yield is 124.12%. A forward dividend yield is the percentage of a company's current stock price that it expects to pay out as dividends over a certain time period, generally 12 months. Forward dividend yields are generally used in circumstances where the yield is predictable based on past instances. If not, trailing yields, which indicate the same value over the previous 12 months, are used.

Company Executives

As of Aug 2022, following are the company executives and directors listed on Tower.

NameTitleAgeTotal Pay
Mr. Blair McLaren TurnbullChief Exec. Officer419.5k
Mr. Paul JohnstonChief Financial Officer
Nicholas MeseldzijaHead of Corp. Affairs & Reputation
Mr. Andrew John HambletonChief People & Transformation Officer and Acting MD of Pacific
Ms. Michelle JamesManaging Director of Tower Direct & Digital
Mr. Ronald MudaliarChief Underwriting Officer
Ms. Paula Ter BrakeMD of Pacific
Mr. Jonathan BealeManaging Director of Partnerships
Ms. Emily DaviesHead of Corp. Affairs & Reputation
Mr. Steve WilsonChief Claims Officer

Profitability and management effectiveness

Profit margin

3.18%

Operating margin

5.21%

Return on assets

1.51%

Return on equity

3.36%

Profitability ratios are a class of financial metrics that are used to assess a business's ability to generate earnings relative to its revenue, operating costs, balance sheet assets, and shareholders' equity over time, using data from a specific point in time.

The return on equity signifies how well the management is running the company in terms of capital management. The ideal return on equity is greater than 10%. The return on equity is calculated as net income divided by total share holders equity.

Valuation and Trading Info

The market capitalization of Tower is and its enterprise value is .

The TWR's stocks Beta value is 0.36 making it 64% less volatile compared to ASX market index. Technology stocks and small caps tend to have higher betas than the market benchmark. This indicates that adding the stock to a portfolio will increase the portfolio’s risk, but also increase its expected return. On the other hand utility stocks often have low betas because they tend to move more slowly than market averages.

Companies similar to Tower (TWR)

Tower (ASX:TWR) Frequently Asked Questions

1. What is Tower's Stock Symbol?

Tower trades on ASX under the ticker symbol "TWR".

2. What is Tower's stock price today?

One share of TWR stock can currently be purchased for approximately $0.57.

3. How can I contact Tower?

Tower's mailing address is 136 Fanshawe Street Level 5 Auckland 1010 New Zealand. The company can be reached via phone at 64 9 985 1558.

4. What is Tower's official website?

The official website of Tower is https://www.tower.co.nz.

5. Which share registry manages Tower's stock?

Tower's stock is managed by COMPUTERSHARE INVESTOR SERVICES PTY. LIMITED.