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Preferred stock is a special equity security that has properties of both equity and debt. South Port New Zealand's preferred stock for the quarter that ended in Dec. 2025 was $0.00 Mil.
The market value of preferred stock needs to be added to the market value of common stocks in the calculation of Enterprise Value. South Port New Zealand's Enterprise Value for the quarter that ended in Dec. 2025 was $166.47 Mil.
In the calculation of book value, the par value of preferred stocks needs to subtracted from total equity. South Port New Zealand's Book Value per Share for the quarter that ended in Dec. 2025 was $1.54.
South Port New Zealand (OTCPK:SPNZF) Preferred Stock Explanation
When a company needs capital but does not wish to issue debt, they may sell preferred stocks to investors.
For instance, during the financial crisis of 2008, Goldman Sachs (GS) issued a combination of preferred stock and common stock options for $5 billion of capital to Warren Buffetts Berkshire Hathaway (BRK.A)(BRK.B). In this deal, Berkshire Hathaway paid $5 billion for 10% cumulative perpetual preferred stock and warrants to buy 43.5 million shares of Goldman Sachs at $115 a share. Goldman Sachs bought back the preferred in 2010. Guess how much money Warren Buffett made in this deal in two years? Read How Much Did Warren Buffetts Berkshire Hathaway (BRK.B) Make on Its Goldman Sachs (GS) Preferred Stock?
1. The market value of Preferred Stocks needs to be added to the market value of common stocks in the calculation of enterprise value.
South Port New Zealand's Enterprise Value for the quarter that ended in Dec. 2025 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
South Port New Zealand Preferred Stock Related Terms
South Port New Zealand Preferred Stock Historical Data
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The historical data trend for South Port New Zealand's Preferred Stock can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
South Port New Zealand Preferred Stock Calculation
Preferred Stock is a special equity security that has properties of both equity and debt. It is generally considered a hybrid instrument. Preferred stock is senior to common stock, but is subordinate to bonds in terms of claim or rights to their share of the assets of the company.
Preferred stock has priority over common stock in the payment of dividends and any payments received when a company liquidates.
Preferred stock comes in many forms. It can be:
Convertible or Non-Convertible
Cumulative or Non-Cumulative
Voting or Non-Voting
Callable or Non-Callable
Maturity Date or No Maturity Date
A preferred stock without a maturity date is called a perpetual preferred stock. These are relatively rare. A good example of perpetual preferred stock is the many series of Public Storage (PSA) preferred shares that trade on the New York Stock Exchange.
Before investing in preferred stock, it is important to know which of the above groups the stock belongs to. Is it convertible or non-convertible? Are dividends cumulative or non-cumulative?
It is also critical that an investor knows what bonds the company has in front of the preferred stock. Bondholders get paid first. So the decision to buy a preferred stock can be similar to the decision to buy a bond. But, remember, the preferred stock of a company with bonds is junior to those bonds.
Unless a preferred stock is convertible, the upside in a preferred stock investment is more limited than in a common stock investment. If a company doubles its earnings, it is usually under no more obligation to double the dividends paid to preferred shareholders than it is to double the interest paid to its bankers and bondholders.So preferred stock is very different from common stock.
South Port New Zealand (SPNZF) has a Preferred Stock of $0.00 Mil as of Dec. 2025. Preferred Stock represents the par value of a company's preferred shares. View historical data on South Port New Zealand and its competitors.
Is South Port New Zealand's Preferred Stock too high?
South Port New Zealand's current Preferred Stock is $0.00 Mil. Overall, South Port New Zealand has a GF Score™ of 96/100, reflecting its overall financial health beyond just this single metric.
How does South Port New Zealand's Preferred Stock compare to KEX?
South Port New Zealand's Preferred Stock of $0.00 Mil can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Preferred Stock for a Transportation company?
A good Preferred Stock depends on the Transportation industry context. However, Preferred Stock should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Preferred Stock mean?
A high Preferred Stock can signal that a stock is expensive relative to its fundamentals. Preferred Stock represents the par value of a company's preferred shares. View historical data on South Port New Zealand and its competitors. South Port New Zealand's current Preferred Stock is $0.00 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is South Port New Zealand stock overvalued right now?
South Port New Zealand (SPNZF) has a current Preferred Stock of $0.00 Mil. The stock's GF Value™ is $5.63, compared to a current price of $5.70 — trading 1.2% above its estimated fair value. The current Preferred Stock is $0.00 Mil. South Port New Zealand's overall GF Score™ is 96/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Preferred Stock calculated?
Preferred Stock is calculated from a company's financial statements. For South Port New Zealand (SPNZF), the current Preferred Stock is $0.00 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is South Port New Zealand (SPNZF) Overvalued in 2026?
Based on GuruFocus' analysis, South Port New Zealand stock appears to be overvalued.
The current stock price of $5.70 is trading 1.2% above its estimated GF Value™ of $5.63.
Key valuation signals for SPNZF:
Preferred Stock: $0.00 Mil
GF Value™: $5.63 vs. price of $5.70 (1.2% above fair value)
No single metric tells the full story. See the SPNZF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
South Port New Zealand Ltd offers a wide range of marine services, cargo and container shipping, and on-site warehousing for domestic and international customers. It serves key export and import industries in the Southland region, including aluminium, timber, fisheries, dairy, meat, wood chips, stock food, cement, alumina, fertiliser, and petroleum products. South Port is publicly listed on the New Zealand Stock Exchange and is majority-owned by Environment Southland. It also operates an intermodal freight center to facilitate efficient product distribution within the Southland and Otago regions. The majority of revenue comes from the Cargo and logistics services.
96GF Score
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Preferred Stock is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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