Port of Tauranga Ltd
NZX:POT
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P/FCFE
Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.
Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.
Valuation Scenarios
If P/FCFE returns to its 3-Year Average (32.7), the stock would be worth NZ$8.79 (6% upside from current price).
| Scenario | P/FCFE Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 30.9 | NZ$8.3 |
0%
|
| 3-Year Average | 32.7 | NZ$8.79 |
+6%
|
| 5-Year Average | 34.9 | NZ$9.4 |
+13%
|
| Industry Average | 28.5 | NZ$7.65 |
-8%
|
| Country Average | 21.5 | NZ$5.79 |
-30%
|
Forward P/FCFE
Today’s price vs future free cash flow to equity
Peer Comparison
| Market Cap | P/FCFE | P/E | ||||
|---|---|---|---|---|---|---|
| NZ |
P
|
Port of Tauranga Ltd
NZX:POT
|
5.6B NZD | 30.9 | 30.8 | |
| IN |
|
Adani Ports and Special Economic Zone Ltd
NSE:ADANIPORTS
|
3.8T INR | 177.1 | 29.8 | |
| PH |
I
|
International Container Terminal Services Inc
XPHS:ICT
|
1.4T PHP | 17.9 | 23.5 | |
| CN |
|
Shanghai International Port Group Co Ltd
SSE:600018
|
116.4B CNY | 20.9 | 8.5 | |
| ZA |
G
|
Grindrod Ltd
JSE:GND
|
15B ZAR | 71.2 | 7.2 | |
| CN |
|
Ningbo Zhoushan Port Co Ltd
SSE:601018
|
72B CNY | -48.5 | 13.9 | |
| CN |
|
Qingdao Port International Co Ltd
SSE:601298
|
57.4B CNY | 23.6 | 11 | |
| HK |
|
China Merchants Port Holdings Co Ltd
HKEX:144
|
65.1B HKD | 9.8 | 9.9 | |
| CN |
|
China Merchants Port Group Co Ltd
SZSE:001872
|
55B CNY | 9.5 | 11.9 | |
| AU |
|
Qube Holdings Ltd
ASX:QUB
|
8.9B AUD | 76 | 56.2 | |
| CN |
|
Liaoning Port Co Ltd
SSE:601880
|
38.7B CNY | 16.8 | 41.5 |
Market Distribution
| Min | 2.3 |
| 30th Percentile | 12.5 |
| Median | 21.5 |
| 70th Percentile | 34.7 |
| Max | 457.5 |
Other Multiples
Port of Tauranga Ltd
Glance View
Port of Tauranga Ltd, carved into the grandeur of New Zealand's harbors, stands as a beacon of logistical efficiency and strategic foresight. Nestled in the Bay of Plenty, this port is not just the largest in New Zealand by cargo volume but also a key artery in the country's export economy. Its operations revolve around handling a diverse array of cargo types, from forestry products to dairy, enabling it to seamlessly cater to the country's top export sectors. The port boasts a deep-water shipping channel that accommodates larger container vessels, ensuring it remains a competitive gateway for international trade. The surge in global shipping has further amplified its role as an indispensable economic hub, supporting New Zealand’s trade connectivity with global markets. Financially, Port of Tauranga Ltd harnesses a blend of port operations and strategic investments to maximize its revenue streams. Its business model is built on earning port service charges from cargo shipping companies and collection of wharfage fees, complemented by leasing its extensive land holdings and properties within its expansive perimeter. Additionally, strategic joint ventures, such as its partnership with logistics companies and inland ports, enhance its integrated logistics network, which optimizes supply chain efficiencies. This multi-faceted approach bolsters its financial resilience, positioning the port as not only an enabler of international trade but also a robust business enterprise that capitalizes on its geographic and infrastructural advantages within the Pacific Rim.