| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 0/6 |
| Past Performance | 5/6 |
| Financial Health | 6/6 |
| Dividends | 4/6 |
SPN Stock Overview
South Port New Zealand Limited provides and manages port and warehousing services in New Zealand.
Rewards
Risk Analysis
No risks detected for SPN from our risk checks.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | NZ$8.35 |
| 52 Week High | NZ$9.66 |
| 52 Week Low | NZ$7.77 |
| Beta | 0.20 |
| 1 Month Change | -2.91% |
| 3 Month Change | -8.24% |
| 1 Year Change | -0.48% |
| 3 Year Change | 24.63% |
| 5 Year Change | 46.49% |
| Change since IPO | 735.00% |
Recent News & Updates
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...
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...
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
| SPN | NZ Infrastructure | NZ 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
| SPN volatility | |
|---|---|
| SPN Average Weekly Movement | 2.7% |
| Infrastructure Industry Average Movement | 2.8% |
| Market Average Movement | 3.8% |
| 10% most volatile stocks in NZ Market | 6.6% |
| 10% least volatile stocks in NZ Market | 2.5% |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1988 | 107 | Nigel Gear | https://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
| SPN fundamental statistics | |
|---|---|
| Market Cap | NZ$219.06m |
| Earnings (TTM) | NZ$10.71m |
| Revenue (TTM) | NZ$47.29m |
20.4x
P/E Ratio4.6x
P/S RatioIs SPN overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| SPN income statement (TTM) | |
|---|---|
| Revenue | NZ$47.29m |
| Cost of Revenue | NZ$28.44m |
| Gross Profit | NZ$18.86m |
| Expenses | NZ$8.14m |
| Earnings | NZ$10.71m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.41 |
| Gross Margin | 39.87% |
| Net Profit Margin | 22.66% |
| Debt/Equity Ratio | 19.0% |
How did SPN perform over the long term?
See historical performance and comparisonDividends
3.2%
Current Dividend Yield66%
Payout RatioValuation
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/26 06:01 |
| End of Day Share Price | 2022/01/26 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2021/06/30 |
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.