We’ve recently updated our valuation analysis.

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

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

POT 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/Revenue12.8x
Enterprise Value/EBITDA25.1x
PEG Ratio5.8x

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.
CompanyPEEstimated GrowthMarket Cap
Peer Average19.9x
NPH Napier Port Holdings
28.7x16.0%NZ$608.7m
MMH Marsden Maritime Holdings
17.8xn/aNZ$233.8m
SPN South Port New Zealand
16.8xn/aNZ$215.1m
MFT Mainfreight
16.3x0.6%NZ$7.3b
POT Port of Tauranga
38.4x6.7%NZ$4.3b

Price-To-Earnings vs Peers: POT is expensive based on its Price-To-Earnings Ratio (38.4x) compared to the peer average (19.9x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a30.0%
n/an/an/a

Price-To-Earnings vs Industry: POT is expensive based on its Price-To-Earnings Ratio (38.4x) compared to the Global Infrastructure industry average (13.1x)


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 Ratio38.4x
Fair PE Ratio29.7x

Price-To-Earnings vs Fair Ratio: POT is expensive based on its Price-To-Earnings Ratio (38.4x) compared to the estimated Fair Price-To-Earnings Ratio (29.7x).


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$6.28) is trading above our estimate of fair value (NZ$4.38)

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


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$6.28
NZ$6.07
-3.4%
10.1%NZ$6.85NZ$5.00n/a5
Jan ’24NZ$6.27
NZ$6.07
-3.3%
10.1%NZ$6.85NZ$5.00n/a5
Dec ’23NZ$6.27
NZ$6.07
-3.3%
10.1%NZ$6.85NZ$5.00n/a5
Nov ’23NZ$6.27
NZ$6.18
-1.5%
10.9%NZ$6.85NZ$5.00n/a5
Oct ’23NZ$6.45
NZ$6.21
-3.8%
11.6%NZ$6.85NZ$5.00n/a5
Sep ’23NZ$6.71
NZ$6.21
-7.5%
11.6%NZ$6.85NZ$5.00n/a5
Aug ’23NZ$7.05
NZ$5.82
-17.4%
11.7%NZ$6.65NZ$4.70n/a5
Jul ’23NZ$6.20
NZ$5.71
-7.8%
10.1%NZ$6.30NZ$4.70n/a5
Jun ’23NZ$6.39
NZ$5.71
-10.6%
10.1%NZ$6.30NZ$4.70n/a5
May ’23NZ$6.49
NZ$5.84
-10.0%
12.1%NZ$6.75NZ$4.70n/a5
Apr ’23NZ$6.18
NZ$5.67
-8.2%
9.8%NZ$6.30NZ$4.70n/a5
Mar ’23NZ$6.20
NZ$5.67
-8.5%
9.8%NZ$6.30NZ$4.70n/a5
Feb ’23NZ$6.46
NZ$5.78
-10.5%
11.3%NZ$6.45NZ$4.70n/a5
Jan ’23NZ$6.67
NZ$5.78
-13.3%
11.3%NZ$6.45NZ$4.70NZ$6.275
Dec ’22NZ$6.86
NZ$5.78
-15.7%
11.3%NZ$6.45NZ$4.70NZ$6.275
Nov ’22NZ$6.90
NZ$5.47
-20.7%
12.4%NZ$6.45NZ$4.70NZ$6.275
Oct ’22NZ$7.05
NZ$5.46
-22.5%
12.1%NZ$6.40NZ$4.70NZ$6.455
Sep ’22NZ$7.39
NZ$5.42
-26.6%
12.4%NZ$6.40NZ$4.70NZ$6.715
Aug ’22NZ$7.14
NZ$5.13
-28.2%
12.2%NZ$6.00NZ$4.45NZ$7.055
Jul ’22NZ$7.00
NZ$5.13
-26.7%
12.2%NZ$6.00NZ$4.45NZ$6.205
Jun ’22NZ$7.43
NZ$5.13
-31.0%
12.2%NZ$6.00NZ$4.45NZ$6.395
May ’22NZ$7.40
NZ$5.13
-30.7%
12.2%NZ$6.00NZ$4.45NZ$6.495
Apr ’22NZ$7.67
NZ$5.13
-33.1%
12.2%NZ$6.00NZ$4.45NZ$6.185
Mar ’22NZ$7.50
NZ$5.13
-31.6%
12.2%NZ$6.00NZ$4.45NZ$6.205
Feb ’22NZ$7.55
NZ$5.03
-33.4%
13.9%NZ$6.30NZ$4.30NZ$6.465
Jan ’22NZ$7.40
NZ$5.03
-32.0%
13.9%NZ$6.30NZ$4.30NZ$6.675

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


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