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Richard Sloan from the University of Michigan was first to document what is referred to as the "accrual anomaly". His 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones.
As of Dec. 2025, South Port New Zealand has a Sloan Ratio of 2.17%, indicating the company is in the safe zone and there is no funny business with accruals.
South Port New Zealand (OTCPK:SPNZF) Sloan Ratio % Explanation
A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.
If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.
If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.
If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.
As of Dec. 2025, South Port New Zealand has a Sloan Ratio of 2.17%, indicating the company is in the safe zone and there is no funny business with accruals.
South Port New Zealand Sloan Ratio % Related Terms
South Port New Zealand Sloan Ratio % Historical Data
* 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.
For the Marine Shipping subindustry, South Port New Zealand's Sloan Ratio %, along with its competitors' market caps and Sloan Ratio % 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 Sloan Ratio % vs Transportation Industry
For the Transportation industry and Industrials sector, South Port New Zealand's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where South Port New Zealand's Sloan Ratio % falls into.
Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.
South Port New Zealand's Sloan Ratio for the fiscal year that ended in Jun. 2025 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
South Port New Zealand's Net Income for the trailing twelve months (TTM) ended in Dec. 2025 was 4.562 (Jun. 2025 ) + 4.892 (Dec. 2025 ) = $9.45 Mil.
South Port New Zealand's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was 10.038 (Jun. 2025 ) + 4.414 (Dec. 2025 ) = $14.45 Mil.
South Port New Zealand's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2025 was -2.713 (Jun. 2025 ) + -3.703 (Dec. 2025 ) = $-6.42 Mil.
* 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 (SPNZF) has a Sloan Ratio % of 2.17% as of Dec. 2025. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on South Port New Zealand and its competitors.
Is South Port New Zealand's Sloan Ratio % too high?
South Port New Zealand's current Sloan Ratio % is 2.17%. Overall, South Port New Zealand has a GF Score™ of 100/100, reflecting its overall financial health beyond just this single metric.
How does South Port New Zealand's Sloan Ratio % compare to KEX?
South Port New Zealand's Sloan Ratio % of 2.17% 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 Sloan Ratio % for a Transportation company?
A good Sloan Ratio % depends on the Transportation industry context. However, Sloan Ratio % 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 Sloan Ratio % mean?
A high Sloan Ratio % can signal that a stock is expensive relative to its fundamentals. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on South Port New Zealand and its competitors. South Port New Zealand's current Sloan Ratio % is 2.17%. 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 Sloan Ratio % of 2.17%. The stock's GF Value™ is $5.67, compared to a current price of $5.70 — trading 0.5% above its estimated fair value. The current Sloan Ratio % is 2.17%. South Port New Zealand's overall GF Score™ is 100/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Sloan Ratio % calculated?
Sloan Ratio % is calculated from a company's financial statements. For South Port New Zealand (SPNZF), the current Sloan Ratio % is 2.17% 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 0.5% above its estimated GF Value™ of $5.67.
Key valuation signals for SPNZF:
Sloan Ratio %: 2.17%
GF Value™: $5.67 vs. price of $5.70 (0.5% 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.
100GF Score
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