New Zealand Rural Land Co. Ltd. (NZL) AI Stock Analysis

New Zealand Rural Land Co. Ltd.

(NZX:NZL)

Select Model

Rating:62Neutral

Price Target:NZD 0.99▲(10.11% Upside)

Action:initiatedcoverage

Date:10/05/26

The score is driven primarily by solid financial fundamentals (strong revenue growth and high gross profitability) tempered by earnings volatility, lower recent ROE, and limited cash flow coverage of debt. Valuation is supportive due to the strong dividend yield and reasonable P/E, while technicals are broadly neutral with only mild positive momentum.

Positive Factors

Strong revenue growth and gross profitabilitySteady revenue expansion alongside exceptionally high gross margins indicates strong underlying economics in the rural land rental model. This combination can support recurring operating profitability, provide funds for portfolio development, and strengthen resilience over the next several quarters.

Negative Factors

Tenant distress threatens rental incomeThe Kiwi Crunch failure creates a tangible risk to rental income and requires management to find replacement tenants or sell affected assets. Until that process is resolved, earnings visibility is reduced and the company may face arrears, vacancy, or transition costs.

New Zealand Rural Land Co. Ltd. (NZL) vs. SPDR S&P 500 ETF (SPY)

Market Cap: NZD 132.58M
Dividend Yield: 5.94%
Average Volume (3M): 35.65K
Price to Earnings (P/E): 14.5
Beta (1Y): 0.43
Revenue Growth: 5.06%
EPS Growth: -36.77%
Country: NZ
Employees: 8
Sector: General
Sector Strength: 55
Industry: Real Estate - Services

New Zealand Rural Land Co. Ltd. Business Overview & Revenue Model

Company Description

New Zealand Rural Land Company Limited, established in 2020 and headquartered in Auckland, New Zealand, is dedicated to acquiring and investing in rural properties within the nation's agricultural sector. It owns these land assets, providing a platfo...

New Zealand Rural Land Co. Ltd. Financial Statement Overview

Summary

Strong revenue growth and very high gross margins support the business quality, but earnings are less predictable due to notable net margin volatility and weaker recent returns on equity. Cash flow is positive and improving, yet remains small relative to total debt, limiting financial flexibility.

Income Statement

68Positive

Balance Sheet

62Positive

Cash Flow

55Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	25.17M	24.46M	19.92M	17.23M	9.11M	620.00K
Gross Profit	23.27M	22.47M	18.51M	15.29M	8.41M	-1.22M
EBITDA	16.58M	15.90M	34.87M	14.37M	46.04M	-1.93M
Net Income	9.12M	7.86M	23.08M	10.85M	44.00M	15.12M
Balance Sheet
Total Assets	453.99M	452.08M	441.93M	369.83M	320.45M	164.94M
Cash, Cash Equivalents and Short-Term Investments	2.21M	5.92M	5.52M	1.26M	1.11M	20.50M
Total Debt	137.46M	132.72M	131.21M	145.48M	111.73M	54.25M
Total Liabilities	220.00M	216.89M	212.80M	146.74M	113.56M	54.68M
Stockholders Equity	233.99M	235.20M	229.13M	223.09M	206.89M	110.25M
Cash Flow
Free Cash Flow	7.67M	9.52M	9.02M	5.99M	3.99M	-826.00K
Operating Cash Flow	7.67M	9.52M	9.02M	5.99M	4.17M	-826.00K
Investing Cash Flow	-2.21M	-6.17M	-38.72M	-65.41M	-113.86M	-126.19M
Financing Cash Flow	-6.91M	-2.94M	33.97M	58.74M	79.03M	147.51M

New Zealand Rural Land Co. Ltd. Technical Analysis

Technical Analysis SentimentNegative

Last Price0.90

Price Trends

50DMA0.93Negative

100DMA0.93Negative

200DMA0.93Negative

Market Momentum

MACD-0.01Positive

RSI40.12Neutral

STOCH14.29Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NZ:NZL, the sentiment is Negative. The current price of 0.90 is below the 20-day moving average (MA) of 0.93, below the 50-day MA of 0.93, and below the 200-day MA of 0.93, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 40.12 is Neutral, neither overbought nor oversold. The STOCH value of 14.29 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NZ:NZL.

New Zealand Rural Land Co. Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

NZ:NZL against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NZ:SEK	74Outperform	NZD 212.79M	5.20	―	12.84%	0.48%	38.02%
NZ:SCL	69Neutral	NZD 960.09M	11.29	―	4.15%	100.12%	60.22%
NZ:DGL	67Neutral	NZD 420.70M	10.67	―	6.22%	4.14%	-19.51%
NZ:NZL	62Neutral	NZD 132.58M	14.48	―	5.94%	5.06%	-36.77%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
NZ:TGG	52Neutral	NZD 269.60M	21.21	―	―	-17.18%	196.29%

* General Sector Average

Performance Comparison

NZ:NZL and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
NZ:NZL	New Zealand Rural Land Co. Ltd.	0.91	-0.15	-14.38%
NZ:SCL	Scales Corp. Ltd.	6.55	0.84	14.65%
NZ:SEK	Seeka Limited	5.04	1.00	24.66%
NZ:DGL	Delegat Group Limited	4.16	0.29	7.55%
NZ:FCG	Fonterra Co-operative Group Limited	5.89	0.80	15.83%
NZ:TGG	T&G Global Limited	2.20	-0.16	-6.78%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 05, 2026

New Zealand Rural Land Co. Ltd. AI Stock Analysis