SPNZF (South Port New Zealand) Scaled Net Operating Assets: 0.87 (As of Dec. 2025)


SPNZF South Port New Zealand Ltd SPNZF
96 GF Score
Price $5.70
GF Value $5.67
! 7 Warning Signs
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What is South Port New Zealand Scaled Net Operating Assets?

South Port New Zealand SPNZF 96 Scaled Net Operating Assets is 0.87 as of Dec. 2025. GuruFocus rates SPNZF with a GF Score™ of 96/100 and a GF Value™ of $5.67. The stock has 7 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

South Port New Zealand's operating assets for the quarter that ended in Dec. 2025 was $64.08 Mil. South Port New Zealand's operating liabilities for the quarter that ended in Dec. 2025 was $6.81 Mil. South Port New Zealand's Total Assets for the quarter that ended in Jun. 2025 was $66.18 Mil. Therefore, South Port New Zealand's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.87.


South Port New Zealand Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for South Port New Zealand's Scaled Net Operating Assets 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 Scaled Net Operating Assets Chart

South Port New Zealand Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.25 1.16 0.88 0.94 1.10

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
Scaled Net Operating Assets 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 1.32 0.67 1.10 0.89 0.87

SPNZF vs KEX: Scaled Net Operating Assets Comparison

For the Marine Shipping subindustry, South Port New Zealand's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Scaled Net Operating Assets vs Transportation Industry

For the Transportation industry and Industrials sector, South Port New Zealand's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where South Port New Zealand's Scaled Net Operating Assets falls into.


SPNZF
96GF Score
South Port New Zealand Ltd SPNZF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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South Port New Zealand Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

South Port New Zealand's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jun. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jun. 2025 )
=(Operating Assets (A: Jun. 2025 )-Operating Liabilities (A: Jun. 2025 ))/Total Assets (A: Jun. 2024 )
=(62.518-7.191)/50.379
=1.10

where

Operating Assets(A: Jun. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=66.184 - 3.666
=62.518

Operating Liabilities(A: Jun. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=26.007 - 18.747 - 0.069
=7.191

South Port New Zealand's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Jun. 2025 )
=(64.075-6.809)/66.184
=0.87

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=65.451 - 1.376
=64.075

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=25.113 - 18.242 - 0.062
=6.809

* 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.

What does a Scaled Net Operating Assets of 0.87 mean?
South Port New Zealand (SPNZF) has a Scaled Net Operating Assets of 0.87 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on South Port New Zealand and its competitors.
Is South Port New Zealand's Scaled Net Operating Assets too high?
South Port New Zealand's current Scaled Net Operating Assets is 0.87. 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 Scaled Net Operating Assets compare to KEX?
South Port New Zealand's Scaled Net Operating Assets of 0.87 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 Scaled Net Operating Assets for a Transportation company?
A good Scaled Net Operating Assets depends on the Transportation industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on South Port New Zealand and its competitors. South Port New Zealand's current Scaled Net Operating Assets is 0.87. 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 Scaled Net Operating Assets of 0.87. 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 Scaled Net Operating Assets is 0.87. South Port New Zealand's overall GF Score™ is 96/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For South Port New Zealand (SPNZF), the current Scaled Net Operating Assets is 0.87 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:

  • Scaled Net Operating Assets: 0.87
  • GF Value™: $5.67 vs. price of $5.70 (0.5% above fair value)
  • GF Score™: 96/100 with 7 warning signs

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 Business Description

Other Exchanges SPN:New Zealand
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

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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$5.70
Price
$5.67
GF Value