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POT

Port of TaurangaNZSE:POT Stock Report

Market Cap

NZ$4.5b

7D

-2.5%

1Y

-12.6%

Updated

26 Oct, 2021

Data

Company Financials +
POT fundamental analysis
Snowflake Score
Valuation0/6
Future Growth1/6
Past Performance4/6
Financial Health3/6
Dividends3/6

POT Overview

Port of Tauranga Limited, a port company, provides and manages port services and cargo handling facilities through the Port of Tauranga, MetroPort, and Timaru Container Terminal in New Zealand.

Rewards

Earnings are forecast to grow 6.45% per year

Earnings have grown 4% per year over the past 5 years

Risk Analysis

POT passed our risk checks.

Price History & Performance

Summary of all time highs, changes and price drops for Port of Tauranga
Historical stock prices
Current Share PriceNZ$6.60
52 Week HighNZ$6.60
52 Week LowNZ$7.83
Beta0.58
1 Month Change-7.30%
3 Month Change-8.08%
1 Year Change-12.58%
3 Year Change29.92%
5 Year Change71.88%
Change since IPO5,138.10%

Recent News & Updates

Oct 06
Port of Tauranga (NZSE:POT) Seems To Use Debt Quite Sensibly

Port of Tauranga (NZSE:POT) Seems To Use Debt Quite Sensibly

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Sep 13
Port of Tauranga's (NZSE:POT) Dividend Will Be Increased To NZ$0.088

Port of Tauranga's (NZSE:POT) Dividend Will Be Increased To NZ$0.088

The board of Port of Tauranga Limited ( NZSE:POT ) has announced that it will be increasing its dividend on the 1st of...

Aug 29
Port of Tauranga's (NZSE:POT) Shareholders Will Receive A Bigger Dividend Than Last Year

Port of Tauranga's (NZSE:POT) Shareholders Will Receive A Bigger Dividend Than Last Year

Port of Tauranga Limited ( NZSE:POT ) will increase its dividend on the 1st of October to NZ$0.088. Even though the...

Shareholder Returns

POTNZ InfrastructureNZ Market
7D-2.5%1.7%0.5%
1Y-12.6%1.9%2.1%

Return vs Industry: POT underperformed the NZ Infrastructure industry which returned 1.9% over the past year.

Return vs Market: POT underperformed the NZ Market which returned 2.1% over the past year.

Price Volatility

Is POT's price volatile compared to industry and market?
POT volatility
POT Beta0.58
Industry Beta0.82
Market Beta1

Stable Share Price: POT is not significantly more volatile than the rest of NZ stocks over the past 3 months, typically moving +/- 3% a week.

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

About the Company

FoundedEmployeesCEOWebsite
1873243Leonard Sampsonhttps://www.port-tauranga.co.nz

Port of Tauranga Limited, a port company, provides and manages port services and cargo handling facilities through the Port of Tauranga, MetroPort, and Timaru Container Terminal in New Zealand. The company operates through three segments: Port Operations, Property Services, and Marshalling Services. It also manages and maintains various port properties.

Port of Tauranga Fundamentals Summary

How do Port of Tauranga's earnings and revenue compare to its market cap?
POT fundamental statistics
Market CapNZ$4.52b
Earnings (TTM)NZ$102.38m
Revenue (TTM)NZ$338.28m

43.9x

P/E Ratio

13.3x

P/S Ratio


Dividends

2.0%

Current Dividend Yield

89%

Payout Ratio

Valuation

Is Port of Tauranga undervalued compared to its fair value and its price relative to the market?

43.86x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: POT (NZ$6.6) is trading above our estimate of fair value (NZ$4.41)

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


Price To Earnings Ratio

PE vs Industry: POT is poor value based on its PE Ratio (43.9x) compared to the NZ Infrastructure industry average (25.6x).

PE vs Market: POT is poor value based on its PE Ratio (43.9x) compared to the NZ market (22.2x).


Price to Earnings Growth Ratio

PEG Ratio: POT is poor value based on its PEG Ratio (6.8x)


Price to Book Ratio

PB vs Industry: POT is overvalued based on its PB Ratio (3.2x) compared to the NZ Infrastructure industry average (1.8x).


Future Growth

How is Port of Tauranga forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

6.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: POT's forecast earnings growth (6.4% per year) is above the savings rate (2.1%).

Earnings vs Market: POT's earnings (6.4% per year) are forecast to grow slower than the NZ market (9.2% per year).

High Growth Earnings: POT's earnings are forecast to grow, but not significantly.

Revenue vs Market: POT's revenue (4.7% per year) is forecast to grow slower than the NZ market (5.3% per year).

High Growth Revenue: POT's revenue (4.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: POT's Return on Equity is forecast to be low in 3 years time (8.7%).


Past Performance

How has Port of Tauranga performed over the past 5 years?

4.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: POT has high quality earnings.

Growing Profit Margin: POT's current net profit margins (30.3%) are higher than last year (29.4%).


Past Earnings Growth Analysis

Earnings Trend: POT's earnings have grown by 4% per year over the past 5 years.

Accelerating Growth: POT's earnings growth over the past year (15.4%) exceeds its 5-year average (4% per year).

Earnings vs Industry: POT earnings growth over the past year (15.4%) underperformed the Infrastructure industry 29%.


Return on Equity

High ROE: POT's Return on Equity (7.3%) is considered low.


Financial Health

How is Port of Tauranga's financial position?


Financial Position Analysis

Short Term Liabilities: POT's short term assets (NZ$74.2M) do not cover its short term liabilities (NZ$323.7M).

Long Term Liabilities: POT's short term assets (NZ$74.2M) do not cover its long term liabilities (NZ$360.6M).


Debt to Equity History and Analysis

Debt Level: POT's debt to equity ratio (35.8%) is considered satisfactory.

Reducing Debt: POT's debt to equity ratio has reduced from 38.2% to 35.8% over the past 5 years.

Debt Coverage: POT's debt is not well covered by operating cash flow (19.9%).

Interest Coverage: POT's interest payments on its debt are well covered by EBIT (8.7x coverage).


Balance Sheet


Dividend

What is Port of Tauranga current dividend yield, its reliability and sustainability?

2.05%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: POT's dividend (2.05%) isn’t notable compared to the bottom 25% of dividend payers in the NZ market (2.41%).

High Dividend: POT's dividend (2.05%) is low compared to the top 25% of dividend payers in the NZ market (4.9%).


Stability and Growth of Payments

Stable Dividend: POT's dividend payments have been volatile in the past 10 years.

Growing Dividend: POT's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (88.7%), POT's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: POT's dividends in 3 years are forecast to be covered by earnings (87.1% payout ratio).


Next Steps

Management

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

1.8yrs

Average management tenure


CEO

Leonard Sampson

0.25

Tenure

Mr. Leonard E. Sampson has been Chief Executive Officer of The Port of Tauranga Limited since July 1, 2021. Mr. Sampson had been Chief Operating Officer of The Port of Tauranga Limited since September 2019...


Leadership Team

Experienced Management: POT's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: POT's board of directors are considered experienced (6.2 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: POT 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

Port of Tauranga Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Port of Tauranga Limited
  • Ticker: POT
  • Exchange: NZSE
  • Founded: 1873
  • Industry: Marine Ports and Services
  • Sector: Transportation
  • Market Cap: NZ$4.517b
  • Shares outstanding: 680.31m
  • Website: https://www.port-tauranga.co.nz

Number of Employees


Location

  • Port of Tauranga Limited
  • Salisbury Avenue
  • Mount Maunganui
  • Tauranga
  • New Zealand

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 06:01
End of Day Share Price2021/10/26 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.