OneRoof could be half the value in NZME: ForBarr

OneRoof could be half the value in NZME: ForBarr
Real estate listings site OneRoof underpinned NZME’s 2024 result. (Image: Bayleys for OneRoof)
Pattrick Smellie
Analysts at investment house Forsyth Barr suggest NZME’s residential property marketing business, OneRoof, could represent half the value of the company’s current market capitalisation, if multiples applied to a similar business in Australia were applied.A takeover bid for Domain, an Australian real estate site, had recently been pitched at about 17 times earnings before interest, tax, depreciation and amortisation (ebitda).“Applying that multiple to our OneRoof FY26 ebitda forecast implies an EV (enterprise value) of around h...

More Finance

RBNZ signals U-turn on bank capital requirements
Finance

RBNZ signals U-turn on bank capital requirements

A major shift at RBNZ's first public outing since Adrian Orr's sudden departure.

Pattrick Smellie 31 Mar 2025
Grenon seeks to end ‘futile’ NZME board stoush
Finance

Grenon seeks to end ‘futile’ NZME board stoush

It's time for the current board to fold 'em, says coup orchestrator. 

Pattrick Smellie 26 Mar 2025
Wow. It’s all basketball!
Finance

Wow. It’s all basketball!

US investment in basketball is lapping at our shores in more ways than one.

Pattrick Smellie 25 Mar 2025
FMA files criminal charges against David McEwen
Finance

FMA files criminal charges against David McEwen

New Zealand’s financial watchdog has filed criminal charges against former financial adviser David McEwen for allegedly failing to comply with a stop order, which prevented him from contacting potential investors.The Financial Markets Authority (FMA) had made a permanent stop ord...

Staff reporters 18 Mar 2025