| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 0/6 |
| Past Performance | 3/6 |
| Financial Health | 3/6 |
| Dividends | 4/6 |
SPN Stock Overview
South Port New Zealand Limited provides and manages port and warehousing services in New Zealand.
South Port New Zealand Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | NZ$8.50 |
| 52 Week High | NZ$9.66 |
| 52 Week Low | NZ$7.77 |
| Beta | 0.18 |
| 1 Month Change | -3.41% |
| 3 Month Change | -2.97% |
| 1 Year Change | 0.24% |
| 3 Year Change | 25.55% |
| 5 Year Change | 45.30% |
| Change since IPO | 750.00% |
Recent News & Updates
South Port New Zealand (NZSE:SPN) Will Pay A Dividend Of NZ$0.088
South Port New Zealand Limited's ( NZSE:SPN ) investors are due to receive a payment of NZ$0.088 per share on 8th of...
Shareholder Returns
| SPN | NZ Infrastructure | NZ Market | |
|---|---|---|---|
| 7D | 0% | -1.6% | 0.7% |
| 1Y | 0.2% | -4.3% | -17.8% |
Return vs Industry: SPN exceeded the NZ Infrastructure industry which returned -4.3% over the past year.
Return vs Market: SPN exceeded the NZ Market which returned -17.8% over the past year.
Price Volatility
| SPN volatility | |
|---|---|
| SPN Average Weekly Movement | 1.8% |
| Infrastructure Industry Average Movement | 3.1% |
| Market Average Movement | 4.5% |
| 10% most volatile stocks in NZ Market | 8.6% |
| 10% least volatile stocks in NZ Market | 3.0% |
Stable Share Price: SPN is less volatile than 75% of NZ stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: SPN's weekly volatility (2%) 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$222.47m |
| Earnings (TTM) | NZ$10.51m |
| Revenue (TTM) | NZ$47.25m |
21.2x
P/E Ratio4.7x
P/S RatioIs SPN overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| SPN income statement (TTM) | |
|---|---|
| Revenue | NZ$47.25m |
| Cost of Revenue | NZ$28.39m |
| Gross Profit | NZ$18.86m |
| Other Expenses | NZ$8.35m |
| Earnings | NZ$10.51m |
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.40 |
| Gross Margin | 39.92% |
| Net Profit Margin | 22.25% |
| Debt/Equity Ratio | 49.7% |
How did SPN perform over the long term?
See historical performance and comparisonDividends
3.2%
Current Dividend Yield67%
Payout RatioValuation
Is SPN undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
2/6Valuation Score 2/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio
Key Valuation Metric
Which metric is best to use when looking at relative valuation for SPN?
Other financial metrics that can be useful for relative valuation.
| What is SPN's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | NZ$222.47m |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 5.2x |
| Enterprise Value/EBITDA | 13.2x |
| PEG Ratio | n/a |
Price to Earnings Ratio vs Peers
How does SPN's PE Ratio compare to its peers?
| SPN PE Ratio vs Peers |
|---|
| Company | PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 24.1x | ||
MMH Marsden Maritime Holdings | 17.3x | n/a | NZ$236.2m |
NPH Napier Port Holdings | 25.5x | 14.1% | NZ$549.9m |
POT Port of Tauranga | 38.5x | 6.2% | NZ$4.2b |
2613 China Container Terminal | 15.3x | n/a | NT$3.8b |
SPN South Port New Zealand | 21.2x | n/a | NZ$222.5m |
Price-To-Earnings vs Peers: SPN is good value based on its Price-To-Earnings Ratio (21.2x) compared to the peer average (24.1x).
Price to Earnings Ratio vs Industry
How does SPN's PE Ratio compare vs other companies in the Global Infrastructure Industry?
Price-To-Earnings vs Industry: SPN is expensive based on its Price-To-Earnings Ratio (21.2x) compared to the NZ Infrastructure industry average (21.2x)
Price to Earnings Ratio vs Fair Ratio
What is SPN'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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 21.2x |
| Fair PE Ratio | n/a |
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate SPN's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of SPN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: SPN (NZ$8.5) is trading below our estimate of fair value (NZ$9.18)
Significantly Below Fair Value: SPN is trading below fair value, but not by a significant amount.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate SPN's PEG Ratio to determine if it is good value.
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Future Growth
How is South Port New Zealand forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score
0/6Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
30.3%
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.
Discover growth companies
- South Port New Zealand is a dividend payer. Have a look at its current yield, dividend levels over time and whether analysts believe the payout ratio will be sustainable moving forward.
- South Port New Zealand competitive advantages and company strategy can generally be found in its financial reports archived here.
Past Performance
How has South Port New Zealand performed over the past 5 years?
Past Performance Score
3/6Past Performance Score 3/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
5.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SPN has high quality earnings.
Growing Profit Margin: SPN's current net profit margins (22.3%) are lower than last year (23.6%).
Past Earnings Growth Analysis
Earnings Trend: SPN's earnings have grown by 5.2% per year over the past 5 years.
Accelerating Growth: SPN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SPN had negative earnings growth (-3.9%) over the past year, making it difficult to compare to the Infrastructure industry average (23.4%).
Return on Equity
High ROE: SPN's Return on Equity (20.9%) is considered high.
Discover strong past performing companies
Financial Health
How is South Port New Zealand's financial position?
Financial Health Score
3/6Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: SPN's short term assets (NZ$8.4M) exceed its short term liabilities (NZ$6.1M).
Long Term Liabilities: SPN's short term assets (NZ$8.4M) do not cover its long term liabilities (NZ$25.3M).
Debt to Equity History and Analysis
Debt Level: SPN's net debt to equity ratio (46%) is considered high.
Reducing Debt: SPN's debt to equity ratio has increased from 42.7% to 49.7% over the past 5 years.
Debt Coverage: SPN's debt is well covered by operating cash flow (60.8%).
Interest Coverage: SPN earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Dividend
What is South Port New Zealand current dividend yield, its reliability and sustainability?
Dividend Score
4/6Dividend Score 4/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
3.18%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SPN's dividend (3.18%) is higher than the bottom 25% of dividend payers in the NZ market (3.1%).
High Dividend: SPN's dividend (3.18%) is low compared to the top 25% of dividend payers in the NZ market (6.1%).
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.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (67.3%), SPN's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (173.3%), SPN's dividend payments are not well covered by cash flows.
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Management
How experienced are the management team and are they aligned to shareholders interests?
4.6yrs
Average management tenure
CEO
Nigel Gear
4.67yrs
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 (4.6 years average tenure).
Board Members
Experienced Board: SPN's board of directors are considered experienced (8.2 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: SPN 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
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$222.472m
- 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 | 2022/07/01 00:00 |
| End of Day Share Price | 2022/07/01 00:00 |
| Earnings | 2021/12/31 |
| 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.