Obermatt

Napier Port

NZC:NPH · NZNPHE0005S2
Transportation InfrastructureSmall

360

46
EV / EBIT27
Price / Owner Earnings3
Owner Earnings Yield35
Dividend Yield95
Price/Sales19
EV / Gross Profit25
Price/Book41
Return on Capital69
Cash Return on Capital38
Return on Equity40
EBIT Margin83
Gross Profitability63
Cash Conversion55
Accruals25
Owner Earnings Margin51
Sales growth45
Profit Growth23
Long-Term EPS Growth88
Owner Earnings Growth21
Reinvestment86
Price momentum74
Debt load50
Refinancing27
Debt Payback18
Liquidity60
Analyst ratings1
Opinion Changes7
Price Target Upside10
Market mood6
Value Creation10/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Napier Port clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryNew Zealand
IndustryTransportation Infrastructure
SizeSmall
TypePublic Company
ExchangeNZSE
Founded2019
Employees99
ISINNZNPHE0005S2
Last UpdateApr 2, 2026
Themes
Marine TransportationFreight ServiceLogisticsPorts and HarborsSupply Chain Management

Description

Napier Port Holdings Limited operates primarily in the commercial sector of port management and cargo operations. The company's main activities encapsulate the management and operation of the port, which serves vital logistics functions for numerous…

Analysis

Hope premium

Napier Port Holdings Limited is priced well ahead of what the underlying numbers justify, a pattern we describe as a hope premium.

On valuation, the picture is expensive. The owner-earnings multiple stands at 94.8×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 27% a year, against analyst forecasts of 17%. The market is pricing in far more than analysts expect: heroic expectations.

Growth is solid; the safety picture is adequate. The company scores 10/20 on our value-creation score: creating some value. Analyst sentiment is cautious.

Flags to be aware of: The financial cushion is thinner than comfortable. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
18
2023202420252026

All-time high

76

Jan 2025

All-time low

18

Jun 2026

Average rank

49

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
19
14
17
15
Price/Earnings
29
16
25
37
Price/Book
41
43
61
51
Dividend Yield
95
72
66
50
Value (overall)
50
33
39
31

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →