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NPH

Napier Port HoldingsNZSE:NPH Stock Report

Market Cap

NZ$615.6m

7D

-3.1%

1Y

-14.9%

Updated

22 Oct, 2021

Data

Company Financials +
NPH fundamental analysis
Snowflake Score
Valuation0/6
Future Growth1/6
Past Performance3/6
Financial Health4/6
Dividends2/6

NPH Overview

Napier Port Holdings Limited provides various port services in the Napier Port.

Price History & Performance

Summary of all time highs, changes and price drops for Napier Port Holdings
Historical stock prices
Current Share PriceNZ$3.08
52 Week HighNZ$3.08
52 Week LowNZ$3.70
Beta0.78
1 Month Change-3.45%
3 Month Change-6.67%
1 Year Change-14.92%
3 Year Changen/a
5 Year Changen/a
Change since IPO4.41%

Recent News & Updates

May 03
The Returns At Napier Port Holdings (NZSE:NPH) Aren't Growing

The Returns At Napier Port Holdings (NZSE:NPH) Aren't Growing

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'll want to...

Shareholder Returns

NPHNZ InfrastructureNZ Market
7D-3.1%1.9%0.4%
1Y-14.9%1.9%2.1%

Return vs Industry: NPH underperformed the NZ Infrastructure industry which returned 0.7% over the past year.

Return vs Market: NPH underperformed the NZ Market which returned 2.4% over the past year.

Price Volatility

Is NPH's price volatile compared to industry and market?
NPH volatility
NPH Beta0.78
Industry Beta0.82
Market Beta1

Stable Share Price: NPH is less volatile than 75% of NZ stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: NPH's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1875284Todd Dawsonhttps://www.napierport.co.nz

Napier Port Holdings Limited provides various port services in the Napier Port. It offers marine, general cargo, container, port pack, and depot services. The company was founded in 1875 and is based in Napier, New Zealand.

Napier Port Holdings Fundamentals Summary

How do Napier Port Holdings's earnings and revenue compare to its market cap?
NPH fundamental statistics
Market CapNZ$615.62m
Earnings (TTM)NZ$22.14m
Revenue (TTM)NZ$106.88m

27.8x

P/E Ratio

5.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NPH income statement (TTM)
RevenueNZ$106.88m
Cost of RevenueNZ$42.13m
Gross ProfitNZ$64.75m
ExpensesNZ$42.61m
EarningsNZ$22.14m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Nov 16, 2021

Earnings per share (EPS)0.11
Gross Margin60.58%
Net Profit Margin20.71%
Debt/Equity Ratio16.8%

How did NPH perform over the long term?

See historical performance and comparison

Dividends

1.8%

Current Dividend Yield

71%

Payout Ratio

Valuation

Is Napier Port Holdings undervalued compared to its fair value and its price relative to the market?

27.81x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: NPH (NZ$3.08) is trading above our estimate of fair value (NZ$1.25)

Significantly Below Fair Value: NPH is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: NPH is poor value based on its PE Ratio (27.8x) compared to the NZ Infrastructure industry average (24.9x).

PE vs Market: NPH is poor value based on its PE Ratio (27.8x) compared to the NZ market (22.2x).


Price to Earnings Growth Ratio

PEG Ratio: NPH's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: NPH's PB Ratio (1.8x) is in line with the NZ Infrastructure industry average.


Future Growth

How is Napier Port Holdings forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

-2.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NPH's earnings are forecast to decline over the next 3 years (-2.9% per year).

Earnings vs Market: NPH's earnings are forecast to decline over the next 3 years (-2.9% per year).

High Growth Earnings: NPH's earnings are forecast to decline over the next 3 years.

Revenue vs Market: NPH's revenue (6.2% per year) is forecast to grow faster than the NZ market (5.2% per year).

High Growth Revenue: NPH's revenue (6.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NPH's Return on Equity is forecast to be low in 3 years time (5.7%).


Past Performance

How has Napier Port Holdings performed over the past 5 years?

10.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NPH has a high level of non-cash earnings.

Growing Profit Margin: NPH's current net profit margins (20.7%) are higher than last year (16.8%).


Past Earnings Growth Analysis

Earnings Trend: NPH's earnings have grown by 10.1% per year over the past 5 years.

Accelerating Growth: NPH's earnings growth over the past year (29%) exceeds its 5-year average (10.1% per year).

Earnings vs Industry: NPH earnings growth over the past year (29%) underperformed the Infrastructure industry 29%.


Return on Equity

High ROE: NPH's Return on Equity (6.3%) is considered low.


Financial Health

How is Napier Port Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: NPH's short term assets (NZ$19.1M) do not cover its short term liabilities (NZ$25.7M).

Long Term Liabilities: NPH's short term assets (NZ$19.1M) do not cover its long term liabilities (NZ$76.0M).


Debt to Equity History and Analysis

Debt Level: NPH's debt to equity ratio (16.8%) is considered satisfactory.

Reducing Debt: NPH's debt to equity ratio has reduced from 43% to 16.8% over the past 5 years.

Debt Coverage: NPH's debt is well covered by operating cash flow (55.7%).

Interest Coverage: NPH's interest payments on its debt are well covered by EBIT (1151x coverage).


Balance Sheet


Dividend

What is Napier Port Holdings's current dividend yield, its reliability and sustainability?

1.82%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: NPH's dividend (1.82%) isn’t notable compared to the bottom 25% of dividend payers in the NZ market (2.41%).

High Dividend: NPH's dividend (1.82%) is low compared to the top 25% of dividend payers in the NZ market (4.86%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, NPH has been paying a dividend for less than 10 years.

Growing Dividend: NPH's dividend payments have increased, but the company has only paid a dividend for 2 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (70.6%), NPH's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: NPH's dividends in 3 years are forecast to be covered by earnings (86.1% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.7yrs

Average board tenure


CEO

Todd Dawson

3.75yrs

Tenure

Mr. Todd Dawson, BSC, PGDipBus, MInstD, PMP, has been Chief Executive of Port of Napier Ltd., and Napier Port Holdings Limited since January 2018. Mr. Dawson served as Executive Director of Port of Napier...


Board Members

Experienced Board: NPH's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Napier Port Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Napier Port Holdings Limited
  • Ticker: NPH
  • Exchange: NZSE
  • Founded: 1875
  • Industry: Marine Ports and Services
  • Sector: Transportation
  • Market Cap: NZ$615.618m
  • Shares outstanding: 199.88m
  • Website: https://www.napierport.co.nz

Number of Employees


Location

  • Napier Port Holdings Limited
  • Breakwater Road
  • PO Box 947
  • Napier
  • 4140
  • New Zealand

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/22 15:51
End of Day Share Price2021/10/22 00:00
Earnings2021/06/30
Annual Earnings2020/09/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.