Port of Tauranga Ltd
POT: XNZE (NZL)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
NZD 1.60 | Vshc | Xybgxvprq |
Port of Tauranga: Looking Fairly Valued for the First Time in a While
Wide-moat-rated Port of Tauranga’s share price has fallen 40% from the 2020 peak and is now looking fairly valued, trading at a 4% discount to our unchanged fair value estimate of NZD 5 per share. It trades on a P/E ratio of 30 and offers a dividend yield of 3%, fully imputed for New Zealand residents. We think that’s about right for a high-quality stock with a good long-term outlook.