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Port of Tauranga

OTCPK:PTAU.F
Snowflake Description

Proven track record second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PTAU.F
OTCPK
NZ$4B
Market Cap
  1. Home
  2. US
  3. Transportation
Company description

Port of Tauranga Limited provides and manages port services and cargo handling facilities through the Port of Tauranga and MetroPort. The last earnings update was 71 days ago. More info.


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PTAU.F Share Price and Events
7 Day Returns
0%
OTCPK:PTAU.F
-1.8%
US Infrastructure
1.2%
US Market
1 Year Returns
-
OTCPK:PTAU.F
-16.8%
US Infrastructure
8.5%
US Market
PTAU.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Port of Tauranga (PTAU.F) 0% 0% 0% - - -
US Infrastructure -1.8% -2.1% -5% -16.8% -48.9% -31.8%
US Market 1.2% 3.8% 10% 8.5% 41.1% 47.2%
1 Year Return vs Industry and Market
  • No trading data on PTAU.F.
  • No trading data on PTAU.F.
Price Volatility
PTAU.F
Industry
5yr Volatility vs Market

PTAU.F Value

 Is Port of Tauranga undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Port of Tauranga to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Port of Tauranga.

OTCPK:PTAU.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:PTAU.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Infrastructure Unlevered Beta Simply Wall St/ S&P Global 0.99
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.988 (1 + (1- 28%) (11.85%))
1.049
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.05
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.049 * 5.96%)
8.98%

Discounted Cash Flow Calculation for OTCPK:PTAU.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Port of Tauranga is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:PTAU.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (NZD, Millions) Source Present Value
Discounted (@ 8.98%)
2019 74.50 Analyst x2 68.36
2020 94.00 Analyst x2 79.15
2021 60.00 Analyst x1 46.36
2022 41.93 Est @ -30.11% 29.73
2023 33.44 Est @ -20.26% 21.75
2024 28.97 Est @ -13.36% 17.29
2025 26.50 Est @ -8.53% 14.51
2026 25.13 Est @ -5.16% 12.63
2027 24.43 Est @ -2.79% 11.27
2028 24.15 Est @ -1.13% 10.22
Present value of next 10 years cash flows NZ$311.28
OTCPK:PTAU.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= NZ$24.15 × (1 + 2.73%) ÷ (8.98% – 2.73%)
NZ$397.06
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= NZ$397.06 ÷ (1 + 8.98%)10
NZ$168.04
OTCPK:PTAU.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= NZ$311.28 + NZ$168.04
NZ$479.32
Equity Value per Share
(NZD)
= Total value / Shares Outstanding
= NZ$479.32 / 680.14
NZ$0.7
OTCPK:PTAU.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:PTAU.F represents 0.58194x of NZSE:POT
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.58194x
Value per Share
(Listing Adjusted, USD)
= Value per Share (NZD) x Listing Adjustment Factor
= NZ$ 0.70 x 0.58194
$0.41
Value per share (USD) From above. $0.41
Current discount Discount to share price of $3.48
= -1 x ($3.48 - $0.41) / $0.41
-748.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Port of Tauranga is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Port of Tauranga's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Port of Tauranga's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:PTAU.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in NZD NZ$0.14
NZSE:POT Share Price ** NZSE (2019-01-30) in NZD NZ$5.98
North America Infrastructure Industry PE Ratio Median Figure of 5 Publicly-Listed Infrastructure Companies 30.48x
United States of America Market PE Ratio Median Figure of 3,075 Publicly-Listed Companies 18.19x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Port of Tauranga.

OTCPK:PTAU.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NZSE:POT Share Price ÷ EPS (both in NZD)

= 5.98 ÷ 0.14

41.7x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Port of Tauranga is overvalued based on earnings compared to the North America Infrastructure industry average.
  • Port of Tauranga is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Port of Tauranga's expected growth come at a high price?
Raw Data
OTCPK:PTAU.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 41.7x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
6.2%per year
Global Infrastructure Industry PEG Ratio Median Figure of 47 Publicly-Listed Infrastructure Companies 2.13x
United States of America Market PEG Ratio Median Figure of 2,108 Publicly-Listed Companies 1.61x

*Line of best fit is calculated by linear regression .

OTCPK:PTAU.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 41.7x ÷ 6.2%

6.74x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Port of Tauranga is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Port of Tauranga's assets?
Raw Data
OTCPK:PTAU.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in NZD NZ$1.62
NZSE:POT Share Price * NZSE (2019-01-30) in NZD NZ$5.98
United States of America Infrastructure Industry PB Ratio Median Figure of 6 Publicly-Listed Infrastructure Companies 1.06x
United States of America Market PB Ratio Median Figure of 5,185 Publicly-Listed Companies 1.92x
OTCPK:PTAU.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NZSE:POT Share Price ÷ Book Value per Share (both in NZD)

= 5.98 ÷ 1.62

3.69x

* Primary Listing of Port of Tauranga.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Port of Tauranga is overvalued based on assets compared to the US Infrastructure industry average.
X
Value checks
We assess Port of Tauranga's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Infrastructure industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Infrastructure industry average (and greater than 0)? (1 check)
  5. Port of Tauranga has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

PTAU.F Future Performance

 How is Port of Tauranga expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
6.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Port of Tauranga expected to grow at an attractive rate?
  • Port of Tauranga's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Port of Tauranga's earnings growth is positive but not above the United States of America market average.
  • Port of Tauranga's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:PTAU.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:PTAU.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 6.2%
OTCPK:PTAU.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 4.7%
North America Infrastructure Industry Earnings Growth Rate Market Cap Weighted Average 26.7%
Global Infrastructure Industry Revenue Growth Rate Market Cap Weighted Average 4.2%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.1%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:PTAU.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in NZD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:PTAU.F Future Estimates Data
Date (Data in NZD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-06-30 335 121 113 5
2020-06-30 320 128 107 6
2019-06-30 306 121 101 6
OTCPK:PTAU.F Past Financials Data
Date (Data in NZD Millions) Revenue Cash Flow Net Income *
2018-12-31 295 101 96
2018-09-30 290 100 95
2018-06-30 284 99 94
2018-03-31 278 100 91
2017-12-31 272 101 89
2017-09-30 264 99 86
2017-06-30 256 98 83
2017-03-31 252 99 82
2016-12-31 249 99 81
2016-09-30 247 94 79
2016-06-30 246 88 77
2016-03-31 250 88 76

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Port of Tauranga's earnings are expected to grow by 6.2% yearly, however this is not considered high growth (20% yearly).
  • Port of Tauranga's revenue is expected to grow by 4.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:PTAU.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Port of Tauranga Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:PTAU.F Future Estimates Data
Date (Data in NZD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-06-30 0.17 0.17 0.16 4.00
2020-06-30 0.16 0.16 0.15 5.00
2019-06-30 0.15 0.15 0.15 5.00
OTCPK:PTAU.F Past Financials Data
Date (Data in NZD Millions) EPS *
2018-12-31 0.14
2018-09-30 0.14
2018-06-30 0.14
2018-03-31 0.14
2017-12-31 0.13
2017-09-30 0.13
2017-06-30 0.12
2017-03-31 0.12
2016-12-31 0.12
2016-09-30 0.12
2016-06-30 0.12
2016-03-31 0.11

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Port of Tauranga is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Port of Tauranga's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the North America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Global market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Port of Tauranga has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

PTAU.F Past Performance

  How has Port of Tauranga performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Port of Tauranga's growth in the last year to its industry (Infrastructure).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Port of Tauranga's year on year earnings growth rate has been positive over the past 5 years.
  • Port of Tauranga's 1-year earnings growth exceeds its 5-year average (8.4% vs 4.2%)
  • Port of Tauranga's earnings growth has exceeded the North America Infrastructure industry average in the past year (8.4% vs -34.8%).
Earnings and Revenue History
Port of Tauranga's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Port of Tauranga Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:PTAU.F Past Revenue, Cash Flow and Net Income Data
Date (Data in NZD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 295.29 96.15 1.34
2018-09-30 289.51 95.21 1.34
2018-06-30 283.73 94.27 1.34
2018-03-31 277.86 91.48 1.33
2017-12-31 271.99 88.70 1.32
2017-09-30 263.93 86.07 1.32
2017-06-30 255.88 83.44 1.32
2017-03-31 252.40 82.02 1.41
2016-12-31 248.92 80.61 1.50
2016-09-30 247.22 78.96 1.50
2016-06-30 245.52 77.31 1.50
2016-03-31 249.82 76.23 2.69
2015-12-31 254.12 75.14 3.88
2015-09-30 261.29 77.14 3.88
2015-06-30 268.46 79.15 3.88
2015-03-31 266.95 80.31 4.05
2014-12-31 265.43 81.48 4.22
2014-09-30 265.85 79.87 4.22
2014-06-30 266.27 78.25 4.22
2014-03-31 264.45 77.75 3.70
2013-12-31 262.63 77.26 3.19
2013-09-30 253.32 94.69 3.19
2013-06-30 244.01 112.13 3.19
2013-03-31 241.87 112.65 3.36
2012-12-31 239.73 113.16 3.53
2012-09-30 232.96 93.36 3.53
2012-06-30 226.19 73.55 3.53

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Port of Tauranga has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Port of Tauranga used its assets more efficiently than the North America Infrastructure industry average last year based on Return on Assets.
  • Port of Tauranga's use of capital has not improved over the past 3 years (Return on Capital Employed).
X
Past performance checks
We assess Port of Tauranga's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Infrastructure industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Port of Tauranga has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

PTAU.F Health

 How is Port of Tauranga's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Port of Tauranga's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Port of Tauranga's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Port of Tauranga's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Port of Tauranga's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Port of Tauranga Company Filings, last reported 3 months ago.

OTCPK:PTAU.F Past Debt and Equity Data
Date (Data in NZD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,086.93 469.11 3.19
2018-09-30 1,086.93 469.11 3.19
2018-06-30 1,121.98 417.14 5.84
2018-03-31 1,121.98 417.14 5.84
2017-12-31 903.62 431.00 10.66
2017-09-30 903.62 431.00 10.66
2017-06-30 931.94 390.26 5.18
2017-03-31 931.94 390.26 5.18
2016-12-31 861.10 399.23 8.70
2016-09-30 861.10 399.23 8.70
2016-06-30 885.68 337.72 11.58
2016-03-31 885.68 337.72 11.58
2015-12-31 885.24 321.57 6.01
2015-09-30 885.24 321.57 6.01
2015-06-30 887.55 314.72 17.92
2015-03-31 887.55 314.72 17.92
2014-12-31 813.49 299.03 11.12
2014-09-30 813.49 299.03 11.12
2014-06-30 812.42 259.73 1.56
2014-03-31 812.42 259.73 1.56
2013-12-31 802.92 245.12 8.63
2013-09-30 802.92 245.12 8.63
2013-06-30 793.88 235.58 37.22
2013-03-31 793.88 235.58 37.22
2012-12-31 776.10 192.90 39.12
2012-09-30 776.10 192.90 39.12
2012-06-30 733.87 217.32 9.24
  • Port of Tauranga's level of debt (43.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (30.5% vs 43.2% today).
  • Debt is well covered by operating cash flow (21.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7.6x coverage).
X
Financial health checks
We assess Port of Tauranga's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Port of Tauranga has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

PTAU.F Dividends

 What is Port of Tauranga's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.96%
Current annual income from Port of Tauranga dividends. Estimated to be 2.59% next year.
If you bought $2,000 of Port of Tauranga shares you are expected to receive $59 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Port of Tauranga's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.41%).
  • Port of Tauranga's dividend is below the markets top 25% of dividend payers in United States of America (3.62%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:PTAU.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
Global Infrastructure Industry Average Dividend Yield Market Cap Weighted Average of 70 Stocks 3.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:PTAU.F Future Dividends Estimate Data
Date (Data in NZ$) Dividend per Share (annual) Avg. No. Analysts
2021-06-30 0.15 5.00
2020-06-30 0.14 6.00
2019-06-30 0.17 6.00
OTCPK:PTAU.F Past Annualized Dividends Data
Date (Data in NZ$) Dividend per share (annual) Avg. Yield (%)
2018-08-24 0.177 3.407
2017-08-24 0.162 3.343
2016-08-18 0.106 2.575
2015-08-20 0.104 2.816
2014-08-21 0.100 2.965
2013-08-22 0.092 3.234
2012-09-17 0.078 2.836
2011-08-18 0.062 2.937
2011-02-24 0.060 3.472
2010-08-19 0.058 3.994
2009-08-20 0.054 3.919

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Port of Tauranga's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (1.1x coverage).
X
Income/ dividend checks
We assess Port of Tauranga's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Port of Tauranga afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Port of Tauranga has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

PTAU.F Management

 What is the CEO of Port of Tauranga's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Mark Cairns
TENURE AS CEO 13.4 years
CEO Bio

Mr. Mark Cooper Cairns has been the Chief Executive Officer of Port of Tauranga Limited since November 2005. Mr. Cairns served as the Chief Executive of Toll Owens Limited the 50-50 joint venture between Port of Tauranga and Toll Logistics New Zealand. He has been a Director of Meridian Centre Ltd., since August 2012. He has been an Independent Director of Meridian Energy Limited since July 16, 2012. He served as a Director of Primeport Timaru Limited since November 29, 2013. He served as a Director of C3 Limited (also known as Toll Owens Limited) until November 28, 2012. He is a Member of the Institute of Logistics and Transport and a member of the Institute of Directors and a member of LEADR (accredited mediator). He serves as a Director at Northport Ltd.; North Tugz Ltd.; Quality Marshalling Ltd.; Meridian Ltd. and Port of Tauranga Trustee Ltd. He has First Class Honours Degree in Civil Engineering and degree in Business Studies and a Master of Management.

CEO Compensation
  • Insufficient data for Mark to compare compensation growth.
  • Insufficient data for Mark to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team

Mark Cairns

TITLE
Chief Executive Officer
TENURE
13.4 yrs

Steve Gray

TITLE
CFO & Company Secretary
TENURE
11.8 yrs
Board of Directors Tenure

Average tenure of the Port of Tauranga board of directors in years:

3.7
Average Tenure
  • The tenure for the Port of Tauranga board of directors is about average.
Board of Directors

David Pilkington

TITLE
Chairman
COMPENSATION
NZ$145K
AGE
64
TENURE
5.5 yrs

Julia Hoare

TITLE
Independent Director
COMPENSATION
NZ$81K
TENURE
3.7 yrs

Kim Ellis

TITLE
Independent Director
COMPENSATION
NZ$83K
AGE
67
TENURE
5.9 yrs

Alastair Lawrence

TITLE
Independent Director
COMPENSATION
NZ$78K
TENURE
5.1 yrs

Doug Leeder

TITLE
Director
COMPENSATION
NZ$76K
TENURE
3.5 yrs

Rob McLeod

TITLE
Director
TENURE
1.5 yrs

Alison Andrew

TITLE
Independent Director
TENURE
1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Port of Tauranga's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Port of Tauranga has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

PTAU.F News

Simply Wall St News

PTAU.F Company Info

Description

Port of Tauranga Limited provides and manages port services and cargo handling facilities through the Port of Tauranga and MetroPort. It operates through three segments: Port Operations, Property Services, and Marshalling Services. The company also provides contracted terminal operations, stevedoring, marshalling, and scaling activities. In addition, it manages and maintains various port properties. The company was founded in 1873 and is based in Tauranga, New Zealand. Port of Tauranga Limited is a subsidiary of Quayside Securities Limited.

Details
Name: Port of Tauranga Limited
PTAU.F
Exchange: OTCPK
Founded: 1873
NZ$2,638,773,509
680,141,605
Website: http://www.port-tauranga.co.nz
Address: Port of Tauranga Limited
Salisbury Avenue,
Mount Maunganui,
Tauranga,
New Zealand
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NZSE POT Ordinary Shares New Zealand Stock Exchange NZ NZD 02. Jun 1992
OTCPK PTAU.F Ordinary Shares Pink Sheets LLC US USD 02. Jun 1992
OTCPK PTAU.Y ADR Pink Sheets LLC US USD 29. Oct 2008
Number of employees
Current staff
Staff numbers
0
Port of Tauranga employees.
Industry
Marine Ports and Services
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/30 00:19
End of day share price update: 2019/01/30 00:00
Last estimates confirmation: 2019/04/07
Last earnings filing: 2019/02/18
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.