Added to YB: 2026-10-02
Pitch date: 2026-09-27
POT.NZ [bullish]
Port of Tauranga Limited
+1.21%
current return
Author Info
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Company Info
Port of Tauranga Limited, a port company, provides and manages port services and cargo handling facilities through the Port of Tauranga, MetroPort, and Timaru Container Terminal in New Zealand.
Market Cap
NZD 5.7B
Pitch Price
NZD 8.28
Price Target
N/A
Dividend
2.43%
EV/EBITDA
22.69
P/E
36.77
EV/Sales
12.84
Sector
Transportation Infrastructure
Category
special_situation
The 153-Year-Old Port Doubling as an $810 Million Council Cash Machine
POT.NZ: Port of Tauranga, New Zealand’s dominant trade gateway, has cleared a 23-year regulatory logjam to expand its sold-out berth capacity. FY2026 underlying profit rose 23% despite 3% lower trade volumes, reflecting tariff increases, cost reductions and productivity gains. Stella Passage could add volume growth near decade-end, but at 29.9x trailing earnings and a 2.5% yield, execution delays, unresolved cultural mitigation and 42% revenue concentration across two customers remain material risks.
Read full article (9 min)