Napier Port Holdings Limited

NZSE:NPH Stock Report

Market Cap: NZ$448.7m

Napier Port Holdings Valuation

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.

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/Revenue4.1x
Enterprise Value/EBITDA11.8x
PEG Ratio1.4x

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.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average26x
SPN South Port New Zealand
19.3xn/aNZ$142.5m
MMH Marsden Maritime Holdings
31.2xn/aNZ$139.6m
POT Port of Tauranga
42.3x10.3%NZ$3.8b
THL Tourism Holdings
11.3x20.0%NZ$443.0m
NPH Napier Port Holdings
19.7x14.4%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 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a18.3%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a18.3%
n/an/an/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 Ratio19.7x
Fair PE Ratio15.6x

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.


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