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Port of Tauranga Ltd POT

Morningstar Rating
NZD 4.89 +0.04 (0.82%)
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Company Report

Economic Headwinds Weigh on Outlook for Port of Tauranga

Port of Tauranga is the largest port in New Zealand, handling significantly more cargo than its nearest competitor. It has been voted as the most efficient container port in Australasia by the Ministry of Transport and Australian Productivity Commission. The firm's high productivity levels, low cost structure, sizable land bank, excellent rail connectivity to Auckland, and nonunionized workforce give it a considerable competitive advantage and a wide economic moat. Log and forestry products make up a significant chunk of bulk cargo and are leveraged to growth in China and the rest of Asia. Container cargo is driven by dairy exports and merchandise imports, and accounts for approximately half the total trade through the port.

Price vs Fair Value

POT is trading at a 272% premium.
Price
NZD 4.85
Fair Value
NZD 1.00
Uncertainty
Medium
1-Star Price
NZD 5.45
5-Star Price
NZD 6.10
Economic Moat
Trzm
Capital Allocation
Sdtqcywvf

Bulls Say, Bears Say

Bulls

The upgrade to handle larger ships should earn favorable returns and cement the port's position as the most productive and efficient port in New Zealand.

Bears

A construction slowdown in China could lead to lower forestry and log exports, hurting port and associate earnings.

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Trading Information

Previous Close Price
NZD 4.85
Day Range
NZD 4.854.89
52-Week Range
NZD 4.756.36
Bid/Ask
NZD 4.86 / NZD 4.89
Market Cap
NZD 3.33 Bil
Volume/Avg
56,778 / 209,562

Key Statistics

Price/Earnings (Normalized)
32.26
Price/Sales
8.11
Dividend Yield (Trailing)
3.05%
Dividend Yield (Forward)
3.05%
Total Yield
3.05%

Company Profile

The Port of Tauranga Limited, situated in the Bay of Plenty on the east coast of New Zealand, is the country's largest port, handling both container and break bulk cargo. It is involved in export and import of cargo and runs a rail link through to Auckland. The biggest commodities traded through the port are logs and forestry, dairy, fertilizers, oil and coal. The firm's principal activities also include the leasing of land and buildings.
Sector
Industrials
Industry
Marine Shipping
Stock Style Box
Mid Growth
Total Number of Employees
279

Competitors

Valuation

Metric
POT
QUB
AIA
Price/Earnings (Normalized)
32.2643.2370.52
Price/Book Value
1.562.121.32
Price/Sales
8.112.2215.27
Price/Cash Flow
23.2915.2328.31
Price/Earnings
POT
QUB
AIA

Financial Strength

Metric
POT
QUB
AIA
Quick Ratio
0.251.050.27
Current Ratio
0.251.120.28
Interest Coverage
6.122.272.75
Quick Ratio
POT
QUB
AIA

Profitability

Metric
POT
QUB
AIA
Return on Assets (Normalized)
3.81%4.09%1.09%
Return on Equity (Normalized)
5.08%7.70%1.42%
Return on Invested Capital (Normalized)
4.06%4.39%0.90%
Return on Assets
POT
QUB
AIA
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