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SPN

South Port New ZealandNZSE:SPN Stock Report

Last Price

NZ$8.35

Market Cap

NZ$219.1m

7D

-0.5%

1Y

-0.5%

Updated

26 Jan, 2022

Data

Company Financials
SPN fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance5/6
Financial Health6/6
Dividends4/6

SPN Stock Overview

South Port New Zealand Limited provides and manages port and warehousing services in New Zealand.

Price History & Performance

Summary of all time highs, changes and price drops for South Port New Zealand
Historical stock prices
Current Share PriceNZ$8.35
52 Week HighNZ$9.66
52 Week LowNZ$7.77
Beta0.20
1 Month Change-2.91%
3 Month Change-8.24%
1 Year Change-0.48%
3 Year Change24.63%
5 Year Change46.49%
Change since IPO735.00%

Recent News & Updates

Sep 14
South Port New Zealand (NZSE:SPN) Will Pay A Larger Dividend Than Last Year At NZ$0.23

South Port New Zealand (NZSE:SPN) Will Pay A Larger Dividend Than Last Year At NZ$0.23

South Port New Zealand Limited's ( NZSE:SPN ) dividend will be increasing to NZ$0.23 on 9th of November. This will take...

Aug 31
South Port New Zealand's (NZSE:SPN) Dividend Will Be Increased To NZ$0.23

South Port New Zealand's (NZSE:SPN) Dividend Will Be Increased To NZ$0.23

The board of South Port New Zealand Limited ( NZSE:SPN ) has announced that it will be increasing its dividend on the...

May 24
A Look Into South Port New Zealand's (NZSE:SPN) Impressive Returns On Capital

A Look Into South Port New Zealand's (NZSE:SPN) Impressive Returns On Capital

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...

Shareholder Returns

SPNNZ InfrastructureNZ Market
7D-0.5%-1.6%-3.5%
1Y-0.5%-3.6%-12.6%

Return vs Industry: SPN exceeded the NZ Infrastructure industry which returned -3.6% over the past year.

Return vs Market: SPN exceeded the NZ Market which returned -12.6% over the past year.

Price Volatility

Is SPN's price volatile compared to industry and market?
SPN volatility
SPN Average Weekly Movement2.7%
Infrastructure Industry Average Movement2.8%
Market Average Movement3.8%
10% most volatile stocks in NZ Market6.6%
10% least volatile stocks in NZ Market2.5%

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

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

About the Company

FoundedEmployeesCEOWebsite
1988107Nigel Gearhttps://www.southport.co.nz

South Port New Zealand Limited provides and manages port and warehousing services in New Zealand. The company offers marine services, including shipping movements, pilotage and procedures, marine plant and equipment, wind and tide conditions, syncrolift, hot work, and fuel transfer. It also provides port facilities such as, infrastructure and land; plant and equipment; and weighbridge services.

South Port New Zealand Fundamentals Summary

How do South Port New Zealand's earnings and revenue compare to its market cap?
SPN fundamental statistics
Market CapNZ$219.06m
Earnings (TTM)NZ$10.71m
Revenue (TTM)NZ$47.29m

20.4x

P/E Ratio

4.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SPN income statement (TTM)
RevenueNZ$47.29m
Cost of RevenueNZ$28.44m
Gross ProfitNZ$18.86m
ExpensesNZ$8.14m
EarningsNZ$10.71m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.41
Gross Margin39.87%
Net Profit Margin22.66%
Debt/Equity Ratio19.0%

How did SPN perform over the long term?

See historical performance and comparison

Dividends

3.2%

Current Dividend Yield

66%

Payout Ratio

Valuation

Is South Port New Zealand undervalued compared to its fair value and its price relative to the market?

5.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SPN (NZ$8.35) is trading below our estimate of fair value (NZ$8.79)

Significantly Below Fair Value: SPN is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: SPN is good value based on its PE Ratio (20.4x) compared to the Oceanic Infrastructure industry average (29.5x).

PE vs Market: SPN is poor value based on its PE Ratio (20.4x) compared to the NZ market (17.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate SPN's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: SPN is overvalued based on its PB Ratio (4.4x) compared to the XO Infrastructure industry average (2x).


Future Growth

How is South Port New Zealand forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

44.6%

Forecasted Transportation industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as South Port New Zealand has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has South Port New Zealand performed over the past 5 years?

5.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SPN has high quality earnings.

Growing Profit Margin: SPN's current net profit margins (22.7%) are higher than last year (21.2%).


Past Earnings Growth Analysis

Earnings Trend: SPN's earnings have grown by 5.3% per year over the past 5 years.

Accelerating Growth: SPN's earnings growth over the past year (13.6%) exceeds its 5-year average (5.3% per year).

Earnings vs Industry: SPN earnings growth over the past year (13.6%) underperformed the Infrastructure industry 15.4%.


Return on Equity

High ROE: SPN's Return on Equity (21.6%) is considered high.


Financial Health

How is South Port New Zealand's financial position?


Financial Position Analysis

Short Term Liabilities: SPN's short term assets (NZ$10.7M) exceed its short term liabilities (NZ$9.6M).

Long Term Liabilities: SPN's short term assets (NZ$10.7M) exceed its long term liabilities (NZ$9.5M).


Debt to Equity History and Analysis

Debt Level: SPN's net debt to equity ratio (15.7%) is considered satisfactory.

Reducing Debt: SPN's debt to equity ratio has reduced from 31.2% to 19% over the past 5 years.

Debt Coverage: SPN's debt is well covered by operating cash flow (168.1%).

Interest Coverage: SPN's interest payments on its debt are well covered by EBIT (543.3x coverage).


Balance Sheet


Dividend

What is South Port New Zealand current dividend yield, its reliability and sustainability?

3.23%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SPN's dividend (3.23%) is higher than the bottom 25% of dividend payers in the NZ market (2.86%).

High Dividend: SPN's dividend (3.23%) is low compared to the top 25% of dividend payers in the NZ market (5.07%).


Stability and Growth of Payments

Stable Dividend: SPN's dividends per share have been stable in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (66.1%), SPN's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

4.2yrs

Average management tenure


CEO

Nigel Gear

4.25yrs

Tenure

Mr. Nigel G. Gear, BCom, DipPort Man, has been Chief Executive Officer of South Port New Zealand Limited since October 1, 2017. Mr. Gear served as a Commercial Manager of South Port New Zealand Limited unt...


Leadership Team

Experienced Management: SPN's management team is considered experienced (4.2 years average tenure).


Board Members

Experienced Board: SPN's board of directors are considered experienced (7.8 years average tenure).


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.


Ownership Breakdown

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


Top Shareholders

Company Information

South Port New Zealand Limited's employee growth, exchange listings and data sources


Key Information

  • Name: South Port New Zealand Limited
  • Ticker: SPN
  • Exchange: NZSE
  • Founded: 1988
  • Industry: Marine Ports and Services
  • Sector: Transportation
  • Implied Market Cap: NZ$219.061m
  • Shares outstanding: 26.23m
  • Website: https://www.southport.co.nz

Number of Employees


Location

  • South Port New Zealand Limited
  • Island Harbour
  • PO Box 1
  • Bluff
  • 9842
  • New Zealand

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/26 06:01
End of Day Share Price2022/01/26 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.