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Highlights
- YTD return is a significant financial metric to ascertain a stock’s performance.
- Rakon boasts of having a YTD return of 61% and has uplifted its earnings guidance for FY2022.
- Michael Hill International posts impressive FY22H1 performance, will pay a dividend next month.
Vigilant investors and stock market traders are always on the lookout for stocks offering high returns, particularly having a high YTD return.
It is noted that YTD return is a key financial metric, which is used extensively by analysts, economists and informed investors for analysing a stock's performance from the commencement of the fiscal year to date.
That said, let us look at the four NZX stocks which boast of having remarkable YTD returns.
Source: © 2022 Kalkine Media® data source- EODHD/Others
Rakon Limited (NZX:RAK)
Rakon Limited, a famous manufacturer of frequency control and timing solutions, boasts of having a YTD return of 183.61%.
Do Read: 4 NZX growth stocks that can be good options in February
A few days ago, the Company uplifted its Underlying EBITDA guidance for FY2022 to be between NZ$49 million to NZ$53 million, underpinned by alleviating supply chain pressures spotted out in November 2021.
Brent Robinson, RAK's MD, states that the Company has successfully overcome the said challenges to a large extent for the remainder of this year and has adequate inventory to meet customer demands.
RAK ended the day 1.16% in red to close at $1.71.
Michael Hill International Limited (NZX:MHJ; ASX:MHJ)
Michael Hill International Limited, NZ’s well-known retail jewellery chain, has a YTD return of 89.04%.
Must Read: WHS, BGP, MHJ: 3 NZ retail stocks that can be followed amid NZ and AU borders opening
Wednesday, the Company declared its FY22H1 results, wherein both its operating revenue and Group comparable EBIT increased to NZ$327.1 million and NZ$51.6 million, respectively, on account of resilience demonstrated by the Company during the pandemic, strong working capital management as well as the successful execution of planned strategies.
Further, MHJ's Statutory NPAT stands at NZ$37.1 million and boasts a robust cash position of NZ$99.1 million towards the end of the reporting period.
Moreover, on 25 March, the Company will pay an interim dividend of AU3.5 cps to its shareholders.
MHJ ended the day 2.9% in green to close at $1.42.
Steel & Tube Holdings Limited (NZX:STU)
Steel & Tube Holdings Limited, which is the country's leading supplier of steel solutions, boasts of having a YTD return of 80.43%.
In its recently released 1H22 results, the Company reported NZ$282.2 million as its revenue, up 25% on pcp. Bolstered by solid volume, sales growth and margin improvements, STU’s NPAT and EBIT witnessed a jump of 253% and 166%, respectively.
Further, the Company will distribute 5.5 cps as its interim dividend on 25 March.
The Company expects strong demand for its steel products for the year ahead and continues to invest in the business and future growth opportunities.
STU ended the day 4.82% in red to close at $1.58.
NZME Limited (NZX:NZM; ASX:NZM)
The country’s leading integrated media company, NZME Limited, has 78.38% as its YTD return.
In its FY21 results, the Company reported having an operating revenue, operating EBITDA and statuary NPAT of NZ$349.2 million, NZ$66.0 million and NZ$34.4 million, respectively, majorly on account of growth in its audience reach across all its platforms.
Related Read: NZME’s (NZX:NZM) profits jump, shares up above 10%
Further, NZME’s net cash position improved towards the year-end as compared to its net debt position in 2020.
The media company will pay a final dividend of 5.0 cps on 23 March and will continue to focus on delivering enhanced shareholders’ value and making investments that align with its strategic priorities.
NZM ended the day 1.52% in red to close at $1.3.
Bottom Line
Investors must keep a close watch on stocks’ performances and should then make an informed decision while choosing a particular stock.