HUTCHISON PORT HOLDINGS TRUST |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.127 USD | -2.31% |
|
-0.78% | -14.19% |
| Mar. 25 | Hutchison Port's Trustee-Manager Names New Chairman | MT |
| Mar. 15 | Hutchison Port Holdings Trust Announces Cash Distribution from 1 July 2023 to 31 December 2023, Payable on 27 March 2024 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 11,672 | 13,372 | 15,280 | 13,198 | 10,067 | 8,660 | - | - |
| Enterprise Value (EV) 1 | 35,188 | 34,924 | 33,152 | 29,842 | 27,518 | 25,970 | 24,866 | 24,163 |
| P/E ratio | 22.1 x | 16.1 x | 8.74 x | 12 x | 43.1 x | 24.9 x | 13.2 x | 11.6 x |
| Yield | 8.21% | 7.82% | 8.27% | 9.57% | 11.4% | 13.8% | 13.8% | 13.9% |
| Capitalization / Revenue | 1.05 x | 1.25 x | 1.15 x | 1.08 x | 0.95 x | 0.81 x | 0.79 x | 0.77 x |
| EV / Revenue | 3.16 x | 3.26 x | 2.5 x | 2.45 x | 2.59 x | 2.42 x | 2.26 x | 2.15 x |
| EV / EBITDA | 5.4 x | 5.32 x | 3.93 x | 4.1 x | 4.43 x | 4.16 x | 3.96 x | 3.79 x |
| EV / FCF | 8,681,543 x | - | - | - | - | - | - | - |
| FCF Yield | 0% | - | - | - | - | - | - | - |
| Price to Book | 0.45 x | 0.52 x | 0.56 x | 0.49 x | 0.39 x | 0.35 x | 0.35 x | 0.36 x |
| Nbr of stocks (in thousands) | 8,711,101 | 8,711,101 | 8,711,101 | 8,711,101 | 8,711,101 | 8,711,101 | - | - |
| Reference price 2 | 1.340 | 1.535 | 1.754 | 1.515 | 1.156 | 0.9942 | 0.9942 | 0.9942 |
| Announcement Date | 2/10/20 | 2/8/21 | 2/9/22 | 2/7/23 | 2/7/24 | - | - | - |
1HKD in Million2HKD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 11,121 | 10,706 | 13,244 | 12,166 | 10,636 | 10,749 | 11,002 | 11,237 |
| EBITDA 1 | 6,511 | 6,561 | 8,430 | 7,285 | 6,215 | 6,238 | 6,280 | 6,375 |
| EBIT 1 | 3,431 | 3,507 | 5,379 | 4,281 | 3,320 | 3,354 | 3,487 | 3,654 |
| Operating Margin | 30.85% | 32.76% | 40.61% | 35.19% | 31.22% | 31.2% | 31.69% | 32.52% |
| Earnings before Tax (EBT) 1 | 2,302 | 2,730 | 4,796 | 3,601 | 2,328 | 2,767 | 3,122 | 3,213 |
| Net income 1 | 528.2 | 831.4 | 1,747 | 1,099 | 233.5 | 385.8 | 722.6 | 755.4 |
| Net margin | 4.75% | 7.77% | 13.19% | 9.03% | 2.2% | 3.59% | 6.57% | 6.72% |
| EPS 2 | 0.0606 | 0.0954 | 0.2006 | 0.1262 | 0.0268 | 0.0400 | 0.0752 | 0.0860 |
| Free Cash Flow | 4,053 | - | - | - | - | - | - | - |
| FCF margin | 36.45% | - | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | 62.26% | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | 767.36% | - | - | - | - | - | - | - |
| Dividend per Share 2 | 0.1100 | 0.1200 | 0.1450 | 0.1450 | 0.1320 | 0.1369 | 0.1376 | 0.1380 |
| Announcement Date | 2/10/20 | 2/8/21 | 2/9/22 | 2/7/23 | 2/7/24 | - | - | - |
1HKD in Million2HKD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 S1 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,626 | - | 2,847 | 2,847 | - | 2,621 | 2,692 | 2,967 | 2,469 |
| EBITDA | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 1,396 | - | 919.1 | 912.5 | - | 785.8 | 856.5 | 1,096 | 615.9 |
| Operating Margin | 38.5% | - | 32.28% | 32.05% | - | 29.98% | 31.81% | 36.93% | 24.95% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - |
| Net income | - | 716.3 | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - |
| EPS 2 | 0.0600 | 0.0822 | 0.0200 | 0.0438 | 0.0109 | 0.0100 | - | 0.0100 | 0.0300 |
| Dividend per Share | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/9/22 | 7/26/22 | 2/7/23 | 2/7/23 | 7/25/23 | - | - | - | - |
1HKD in Million2HKD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 23,516 | 21,552 | 17,872 | 16,644 | 17,450 | 17,309 | 16,206 | 15,502 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.612 x | 3.285 x | 2.12 x | 2.285 x | 2.808 x | 2.775 x | 2.581 x | 2.432 x |
| Free Cash Flow | 4,053 | - | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 2.01% | 3.21% | 6.58% | 4.08% | 0.89% | 2.05% | 2.49% | 2.95% |
| ROA (Net income/ Total Assets) | 0.56% | 0.91% | 1.9% | - | 0.27% | - | - | - |
| Assets 1 | 93,859 | 91,363 | 91,816 | - | 86,371 | - | - | - |
| Book Value Per Share 2 | 2.970 | 2.980 | 3.110 | 3.080 | 2.940 | 2.870 | 2.800 | 2.750 |
| Cash Flow per Share 2 | 0.5300 | 0.5300 | 0.7700 | 0.6700 | 0.4400 | 0.4700 | 0.4800 | 0.5000 |
| Capex 1 | 581 | 464 | 232 | 511 | 490 | 500 | 500 | 500 |
| Capex / Sales | 5.23% | 4.33% | 1.75% | 4.2% | 4.61% | 4.65% | 4.54% | 4.45% |
| Announcement Date | 2/10/20 | 2/8/21 | 2/9/22 | 2/7/23 | 2/7/24 | - | - | - |
1HKD in Million2HKD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B-
Sell
Buy
Mean consensus
HOLD
Number of Analysts
2
Last Close Price
0.9942
HKD
Average target price
1.134
HKD
Spread / Average Target
+14.06%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -14.19% | 1.11B | |
| +29.31% | 34.31B | |
| +14.90% | 18.09B | |
| 0.00% | 13.47B | |
| -14.11% | 7.59B | |
| +8.23% | 7.39B | |
| +21.75% | 6.85B | |
| +21.22% | 6.19B | |
| -2.63% | 5.56B | |
| 0.00% | 4.12B |
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- Financials Hutchison Port Holdings Trust
