Port of Tauranga (POT.NZ) - 1H25 Result Initial Thoughts
Port of Tauranga (POT) reported a strong first half result with a 27% increase in underlying NPAT to NZ$60.2m, exceeding expectations. FY25 NPAT...
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Port of Tauranga - 1H25—Acceptable Returns on the Horizon
POT trades at ~21x one-year forward EV/EBITDA, a small premium to its bond rate-adjusted multiple of recent years. NEUTRAL.
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Port of Tauranga - 1H25 Preview—Full Steam Ahead
Port of Tauranga (POT) will report a strong 1H25 result on 28 February 2025. We expect underlying NPAT growth of +23%, albeit against a relatively...
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Port of Tauranga - Tidal Valuation Shift Closes Multiple Gap
We downgrade our rating on Port of Tauranga (POT) to NEUTRAL from OUTPERFORM to reflect its material recent multiple rerating.
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Napier Port FY25—Returns Destination On The Horizon
Napier Port (NPH) reported a strong FY25 result, in line with our and consensus expectations, driven by container volume growth and further pricing...
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