Napier Port Holdings Valuation

Q: What is the Fair Price of NPH when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

NPH (NZ$2.25) is trading below our estimate of [[fair value]] (NZ$11.97)

Is NPH undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of NPH when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: NPH (NZ$2.25) is trading below our estimate of fair value (NZ$11.97)

Significantly Below Fair Value: NPH is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NPH?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for NPH. This is calculated by dividing NPH's market cap by their current preferred multiple.
What is NPH's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	NZ$448.73m

NPH key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	4.1x
Enterprise Value/EBITDA	11.8x
PEG Ratio	1.4x

Price to Earnings Ratio vs Peers

How does NPH's PE Ratio compare to its peers?

The above table shows the PE ratio for NPH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	26x
SPN South Port New Zealand	19.3x	n/a	NZ$142.5m
MMH Marsden Maritime Holdings	31.2x	n/a	NZ$139.6m
POT Port of Tauranga	42.3x	10.3%	NZ$3.8b
THL Tourism Holdings	11.3x	20.0%	NZ$443.0m
NPH Napier Port Holdings	19.7x	14.4%	NZ$448.7m

Price-To-Earnings vs Peers: NPH is good value based on its Price-To-Earnings Ratio (19.7x) compared to the peer average (26x).

Price to Earnings Ratio vs Industry

How does NPH's PE Ratio compare vs other companies in the Global Infrastructure Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	18.3%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	18.3%
	n/a	n/a	n/a

No more companies

Price-To-Earnings vs Industry: NPH is expensive based on its Price-To-Earnings Ratio (19.7x) compared to the Global Infrastructure industry average (13.7x).

Price to Earnings Ratio vs Fair Ratio

What is NPH's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NPH PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	19.7x
Fair PE Ratio	15.6x

Price-To-Earnings vs Fair Ratio: NPH is expensive based on its Price-To-Earnings Ratio (19.7x) compared to the estimated Fair Price-To-Earnings Ratio (15.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.