South Port New Zealand (NZSE:SPN) ROE %: 24.81% (As of Dec. 2025) — Near Median


NZSE:SPN South Port New Zealand Ltd NZSE:SPN
96 GF Score
Price NZ$8.45
GF Value NZ$8.41
Valuation Fairly Valued
! 6 Warning Signs
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What is South Port New Zealand ROE %?

South Port New Zealand NZSE:SPN -0.59% 96 ROE % is 24.81% as of Dec. 2025, which is 9% above its 10-year median of 22.86. GuruFocus rates NZSE:SPN with a GF Score™ of 96/100 and a GF Value™ of NZ$8.41 (Fairly Valued). The stock has 6 warning signs investors should review. Among 991 Transportation companies, South Port New Zealand ranks better than 89.3% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. South Port New Zealand's annualized net income for the quarter that ended in Dec. 2025 was NZ$16.91 Mil. South Port New Zealand's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was NZ$68.14 Mil. Therefore, South Port New Zealand's annualized ROE % for the quarter that ended in Dec. 2025 was 24.81%.

The historical rank and industry rank for South Port New Zealand's ROE % or its related term are showing as below:

NZSE:SPN' s ROE % Range Over the Past 10 Years
Min: 12.28   Med: 22.86   Max: 25.28
Current: 24.36

During the past 13 years, South Port New Zealand's highest ROE % was 25.28%. The lowest was 12.28%. And the median was 22.86%.

NZSE:SPN's ROE % is ranked better than
89.3% of 991 companies
in the Transportation industry
Industry Median: 7.62 vs NZSE:SPN: 24.36

South Port New Zealand  (NZSE:SPN) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Dec. 2025 )
=Net Income/Total Stockholders Equity
=16.908/68.138
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(16.908 / 69.51)*(69.51 / 111.383)*(111.383 / 68.138)
=Net Margin %*Asset Turnover*Equity Multiplier
=24.32 %*0.6241*1.6347
=ROA %*Equity Multiplier
=15.18 %*1.6347
=24.81 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Dec. 2025 )
=Net Income/Total Stockholders Equity
=16.908/68.138
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (16.908 / 23.348) * (23.348 / 25.194) * (25.194 / 69.51) * (69.51 / 111.383) * (111.383 / 68.138)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7242 * 0.9267 * 36.25 % * 0.6241 * 1.6347
=24.81 %

Note: The net income data used here is two times the semi-annual (Dec. 2025) net income data. The Revenue data used here is two times the semi-annual (Dec. 2025) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


South Port New Zealand ROE % Related Terms


South Port New Zealand ROE % Historical Data

* Premium members only.

The historical data trend for South Port New Zealand's ROE % 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 ROE % Chart

South Port New Zealand Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.52 24.48 20.34 12.28 21.01

South Port New Zealand Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.30 14.71 19.01 23.72 24.81

South Port New Zealand ROE % Competitor Comparison

For the Marine Shipping subindustry, South Port New Zealand's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


South Port New Zealand ROE % vs Transportation Industry

For the Transportation industry and Industrials sector, South Port New Zealand's ROE % distribution charts can be found below:

* The bar in red indicates where South Port New Zealand's ROE % falls into.


NZSE:SPN
96GF Score
South Port New Zealand Ltd NZSE:SPN
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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South Port New Zealand ROE % Calculation

South Port New Zealand's annualized ROE % for the fiscal year that ended in Jun. 2025 is calculated as

ROE %=Net Income (A: Jun. 2025 )/( (Total Stockholders Equity (A: Jun. 2024 )+Total Stockholders Equity (A: Jun. 2025 ))/ count )
=13.318/( (60.232+66.573)/ 2 )
=13.318/63.4025
=21.01 %

South Port New Zealand's annualized ROE % for the quarter that ended in Dec. 2025 is calculated as

ROE %=Net Income (Q: Dec. 2025 )/( (Total Stockholders Equity (Q: Jun. 2025 )+Total Stockholders Equity (Q: Dec. 2025 ))/ count )
=16.908/( (66.573+69.703)/ 2 )
=16.908/68.138
=24.81 %

* 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.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is two times the semi-annual (Dec. 2025) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 24.81% mean?
South Port New Zealand (NZSE:SPN) has a ROE % of 24.81% as of Dec. 2025. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on South Port New Zealand and its competitors. This is near median its historical median of 22.86. Over the past decade, South Port New Zealand's ROE % has ranged from 12.28 to 25.28. According to the industry distribution chart, South Port New Zealand ranks #106 out of 991 companies in the Transportation industry, placing it in the top 10.7%.
Is South Port New Zealand's ROE % too high?
South Port New Zealand's current ROE % of 24.81% is near median its 10-year median of 22.86. Over the past 10 years, this metric has ranged from a low of 12.28 to a high of 25.28. The Transportation industry median ROE % is 7.62. South Port New Zealand's value of 24.81% is 225.6% above this industry median. Based on the distribution chart, South Port New Zealand ranks #106 out of 991 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, South Port New Zealand has a GF Score™ of 96/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does South Port New Zealand's ROE % compare to competitors?
According to the Transportation industry distribution chart, South Port New Zealand ranks #106 out of 991 companies for ROE %. This places South Port New Zealand in the top 11% of its industry — outperforming the majority of peers. The industry median ROE % is 7.62. South Port New Zealand's value of 24.81% is 225.6% above this benchmark. Historically, South Port New Zealand's own ROE % has ranged from 12.28 to 25.28 over the past decade. While the company's 10-year median is 22.86 vs. the industry median of 7.62, South Port New Zealand has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a Transportation company?
The median ROE % among Transportation companies is 7.62, based on 991 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. South Port New Zealand's current ROE % of 24.81% is 225.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on South Port New Zealand and its competitors. For the Transportation industry, the median ROE % is 7.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. South Port New Zealand's current ROE % is 24.81%, which is near median its own 10-year median of 22.86. 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?
Based on GuruFocus' analysis, South Port New Zealand (NZSE:SPN) is currently considered Fairly Valued. The stock's GF Value™ is NZ$8.41, compared to a current price of NZ$8.45 — trading 0.5% above its estimated fair value. The current ROE % is 24.81%, which is near median its 10-year median of 22.86 and 225.6% above the Transportation industry median of 7.62. 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 ROE % calculated?
ROE % is calculated from a company's financial statements. For South Port New Zealand (NZSE:SPN), the current ROE % is 24.81% 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 (NZSE:SPN) Overvalued in 2026?

Based on GuruFocus' analysis, South Port New Zealand stock appears to be overvalued. The current stock price of NZ$8.45 is trading 0.5% above its estimated GF Value™ of NZ$8.41. GuruFocus considers South Port New Zealand to be Fairly Valued.

Key valuation signals for NZSE:SPN:

  • ROE %: 24.81% (near median its 10-year median of 22.86)
  • GF Value™: NZ$8.41 vs. price of NZ$8.45 (0.5% above fair value)
  • GF Score™: 96/100 with 6 warning signs
  • Industry Position: 225.6% above the Transportation median (#106 of 991)

No single metric tells the full story. See the NZSE:SPN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


South Port New Zealand Business Description

Address 251 Foreshore Road, P.O. Box 1, Island Harbour, Bluff, STL, NZL, 9842
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

Get the complete analysis for NZSE:SPN

ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NZ$8.45
Price
NZ$8.41
GF Value