Port of Tauranga Limited

OTCPK:PTAU.F Stock Report

Market Cap: US$2.4b

Port of Tauranga Valuation

Is PTAU.F undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of PTAU.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: PTAU.F ($3.25) is trading above our estimate of fair value ($2.23)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PTAU.F?

Key metric: As PTAU.F is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for PTAU.F. This is calculated by dividing PTAU.F's market cap by their current earnings.
What is PTAU.F's PE Ratio?
PE Ratio44.6x
EarningsNZ$90.85m
Market CapNZ$4.05b

Price to Earnings Ratio vs Peers

How does PTAU.F's PE Ratio compare to its peers?

The above table shows the PE ratio for PTAU.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21.6x
CAAP Corporación América Airports
8.4x2.6%US$3.0b
WERN Werner Enterprises
54.2x54.0%US$2.5b
ARCB ArcBest
13.3x3.3%US$2.6b
GOGL Golden Ocean Group
10.4x16.2%US$2.2b
PTAU.F Port of Tauranga
44.6x10.5%US$4.0b

Price-To-Earnings vs Peers: PTAU.F is expensive based on its Price-To-Earnings Ratio (44.6x) compared to the peer average (21.5x).

Price to Earnings Ratio vs Industry

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

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
PTAU.F 44.6xIndustry Avg. 14.1xNo. of Companies38PE01020304050+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: PTAU.F is expensive based on its Price-To-Earnings Ratio (44.6x) compared to the Global Infrastructure industry average (14.2x).

Price to Earnings Ratio vs Fair Ratio

What is PTAU.F'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.

PTAU.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio44.6x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate PTAU.F's Price-To-Earnings Fair Ratio for valuation analysis.

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 PTAU.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
US$3.61
0%
9.4%US$4.13US$3.23n/a5
Nov ’25n/a
US$3.61
0%
9.4%US$4.13US$3.23n/a5
Oct ’25n/a
US$3.71
0%
10.3%US$4.28US$3.23n/a5
Sep ’25n/a
US$3.71
0%
10.3%US$4.28US$3.23n/a5
Aug ’25n/a
US$3.54
0%
8.1%US$3.83US$3.04n/a5
Jul ’25n/a
US$3.55
0%
7.8%US$3.83US$3.06n/a5
Jun ’25n/a
US$3.45
0%
7.7%US$3.82US$3.08n/a5
May ’25n/a
US$3.45
0%
7.7%US$3.82US$3.08n/a5
Apr ’25n/a
US$3.45
0%
7.7%US$3.82US$3.08n/a5
Mar ’25n/a
US$3.42
0%
8.9%US$3.83US$3.05n/a5
Feb ’25n/a
US$3.36
0%
12.6%US$3.90US$2.87n/a4
Jan ’25n/a
US$3.36
0%
12.6%US$3.90US$2.87n/a4
Dec ’24n/a
US$3.36
0%
12.6%US$3.90US$2.87n/a4
Nov ’24n/a
US$3.24
0%
12.6%US$3.77US$2.78n/a4
Oct ’24n/a
US$3.53
0%
7.9%US$3.82US$3.08n/a4
Sep ’24n/a
US$3.58
0%
7.5%US$3.81US$3.08n/a5
Aug ’24n/a
US$3.86
0%
8.9%US$4.30US$3.24n/a5
Jul ’24n/a
US$3.84
0%
9.0%US$4.29US$3.23n/a5
Jun ’24n/a
US$3.84
0%
9.0%US$4.29US$3.23n/a5
May ’24n/a
US$3.84
0%
9.0%US$4.29US$3.23n/a5
Apr ’24n/a
US$3.84
0%
9.0%US$4.29US$3.23n/a5
Mar ’24US$3.80
US$3.81
+0.3%
8.9%US$4.25US$3.21n/a5
Feb ’24n/a
US$3.65
0%
10.1%US$4.13US$3.01n/a5
Jan ’24n/a
US$3.65
0%
10.1%US$4.13US$3.01n/a5
Dec ’23n/a
US$3.65
0%
10.1%US$4.13US$3.01n/a5
Nov ’23n/a
US$3.59
0%
10.9%US$3.98US$2.91n/a5

Analyst Forecast: Target price is less than 20% higher than the current share price.

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