Port of Tauranga Limited

NZSE:POT Stock Report

Market Cap: NZ$4.5b

Port of Tauranga Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • 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 POT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: POT (NZ$6.64) is trading above our estimate of fair value (NZ$3.73)

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

Key Valuation Metric

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

Key metric: As POT is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for POT. This is calculated by dividing POT's market cap by their current earnings.
What is POT's PE Ratio?
PE Ratio49.7x
EarningsNZ$90.85m
Market CapNZ$4.52b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for POT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average26.6x
NPH Napier Port Holdings
20.4x12.8%NZ$506.6m
SPN South Port New Zealand
18.7xn/aNZ$138.0m
MMH Marsden Maritime Holdings
30.9xn/aNZ$138.4m
MFT Mainfreight
36.2x17.0%NZ$7.2b
POT Port of Tauranga
49.7x11.6%NZ$4.5b

Price-To-Earnings vs Peers: POT is expensive based on its Price-To-Earnings Ratio (49.7x) compared to the peer average (26.6x).

Price to Earnings Ratio vs Industry

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

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
POT 49.7xIndustry Avg. 14.3xNo. of Companies32PE01020304050+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: POT is expensive based on its Price-To-Earnings Ratio (49.7x) compared to the Global Infrastructure industry average (14.3x).

Price to Earnings Ratio vs Fair Ratio

What is POT'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.

POT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio49.7x
Fair PE Ratio23.5x

Price-To-Earnings vs Fair Ratio: POT is expensive based on its Price-To-Earnings Ratio (49.7x) compared to the estimated Fair Price-To-Earnings Ratio (23.5x).

Analyst Price Targets

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

The above table shows the analyst POT forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNZ$6.64
NZ$6.18
-7.0%
7.8%NZ$6.90NZ$5.40n/a5
Dec ’25NZ$6.14
NZ$6.05
-1.5%
9.4%NZ$6.90NZ$5.40n/a5
Nov ’25NZ$5.90
NZ$6.05
+2.5%
9.4%NZ$6.90NZ$5.40n/a5
Oct ’25NZ$5.95
NZ$5.98
+0.5%
10.3%NZ$6.90NZ$5.20n/a5
Sep ’25NZ$5.50
NZ$5.98
+8.7%
10.3%NZ$6.90NZ$5.20n/a5
Aug ’25NZ$5.62
NZ$5.82
+3.6%
8.1%NZ$6.30NZ$5.00n/a5
Jul ’25NZ$4.81
NZ$5.80
+20.7%
7.8%NZ$6.25NZ$5.00n/a5
Jun ’25NZ$5.00
NZ$5.60
+12.1%
7.7%NZ$6.20NZ$5.00n/a5
May ’25NZ$4.90
NZ$5.60
+14.4%
7.7%NZ$6.20NZ$5.00n/a5
Apr ’25NZ$5.40
NZ$5.60
+3.8%
7.7%NZ$6.20NZ$5.00n/a5
Mar ’25NZ$5.38
NZ$5.54
+3.0%
8.9%NZ$6.20NZ$4.95n/a5
Feb ’25NZ$5.33
NZ$5.55
+4.1%
12.6%NZ$6.45NZ$4.75n/a4
Jan ’25NZ$5.60
NZ$5.55
-0.9%
12.6%NZ$6.45NZ$4.75n/a4
Dec ’24NZ$5.36
NZ$5.55
+3.5%
12.6%NZ$6.45NZ$4.75NZ$6.144
Nov ’24NZ$5.05
NZ$5.55
+9.9%
12.6%NZ$6.45NZ$4.75NZ$5.904
Oct ’24NZ$5.88
NZ$5.97
+1.5%
7.9%NZ$6.45NZ$5.20NZ$5.954
Sep ’24NZ$5.89
NZ$6.05
+2.8%
7.5%NZ$6.45NZ$5.20NZ$5.505
Aug ’24NZ$6.18
NZ$6.19
+0.2%
8.9%NZ$6.90NZ$5.20NZ$5.625
Jul ’24NZ$6.24
NZ$6.17
-1.1%
9.0%NZ$6.90NZ$5.20NZ$4.815
Jun ’24NZ$6.34
NZ$6.17
-2.6%
9.0%NZ$6.90NZ$5.20NZ$5.005
May ’24NZ$6.32
NZ$6.17
-2.3%
9.0%NZ$6.90NZ$5.20NZ$4.905
Apr ’24NZ$6.25
NZ$6.17
-1.2%
9.0%NZ$6.90NZ$5.20NZ$5.405
Mar ’24NZ$6.20
NZ$6.18
-0.3%
8.9%NZ$6.90NZ$5.20NZ$5.385
Feb ’24NZ$6.28
NZ$6.07
-3.4%
10.1%NZ$6.85NZ$5.00NZ$5.335
Jan ’24NZ$6.27
NZ$6.07
-3.3%
10.1%NZ$6.85NZ$5.00NZ$5.605
Dec ’23NZ$6.27
NZ$6.07
-3.3%
10.1%NZ$6.85NZ$5.00NZ$5.365

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/21 17:14
End of Day Share Price 2024/12/20 00:00
Earnings2024/06/30
Annual Earnings2024/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Port of Tauranga Limited is covered by 11 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Andrew SteeleCredit Suisse
Grant SwanepoelDeutsche Bank
Andrew BowleyForsyth Barr Group Ltd.