SGX:NS8U

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Hutchison Port Holdings Trust

Executive Summary

Hutchison Port Holdings Trust invests in, develops, operates, and manages deep-water container ports in Guangdong Province of the People’s Republic of China, Hong Kong, and Macau. More Details


Snowflake Analysis

Fair value with acceptable track record.


Similar Companies

Share Price & News

How has Hutchison Port Holdings Trust's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: NS8U is not significantly more volatile than the rest of SG stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: NS8U's weekly volatility (9%) has been stable over the past year.


Market Performance


7 Day Return

5.1%

NS8U

0.3%

SG Infrastructure

3.7%

SG Market


1 Year Return

16.9%

NS8U

-6.7%

SG Infrastructure

-13.0%

SG Market

Return vs Industry: NS8U exceeded the SG Infrastructure industry which returned -6.7% over the past year.

Return vs Market: NS8U exceeded the SG Market which returned -13% over the past year.


Shareholder returns

NS8UIndustryMarket
7 Day5.1%0.3%3.7%
30 Day28.1%11.2%11.8%
90 Day83.3%6.1%10.4%
1 Year28.2%16.9%-3.8%-6.7%-8.4%-13.0%
3 Year-42.8%-55.5%-7.1%-15.3%-10.5%-21.4%
5 Year-46.7%-65.0%8.9%-6.3%12.2%-8.3%

Long-Term Price Volatility Vs. Market

How volatile is Hutchison Port Holdings Trust's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Hutchison Port Holdings Trust undervalued compared to its fair value and its price relative to the market?

36.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: NS8U ($0.19) is trading below our estimate of fair value ($0.29)

Significantly Below Fair Value: NS8U is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: NS8U is poor value based on its PE Ratio (24.9x) compared to the XA Infrastructure industry average (17x).

PE vs Market: NS8U is poor value based on its PE Ratio (24.9x) compared to the SG market (14.1x).


Price to Earnings Growth Ratio

PEG Ratio: NS8U is poor value based on its PEG Ratio (2.8x)


Price to Book Ratio

PB vs Industry: NS8U is good value based on its PB Ratio (0.5x) compared to the XA Infrastructure industry average (0.9x).


Next Steps

Future Growth

How is Hutchison Port Holdings Trust forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

9.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NS8U's forecast earnings growth (9% per year) is above the savings rate (2.2%).

Earnings vs Market: NS8U's earnings (9% per year) are forecast to grow slower than the SG market (25.8% per year).

High Growth Earnings: NS8U's earnings are forecast to grow, but not significantly.

Revenue vs Market: NS8U's revenue (1.6% per year) is forecast to grow slower than the SG market (7.7% per year).

High Growth Revenue: NS8U's revenue (1.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NS8U's Return on Equity is forecast to be low in 3 years time (1.9%).


Next Steps

Past Performance

How has Hutchison Port Holdings Trust performed over the past 5 years?

3.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NS8U has high quality earnings.

Growing Profit Margin: NS8U became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: NS8U has become profitable over the past 5 years, growing earnings by 3.4% per year.

Accelerating Growth: NS8U has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: NS8U has become profitable in the last year, making it difficult to compare its past year earnings growth to the Infrastructure industry (-14.9%).


Return on Equity

High ROE: NS8U's Return on Equity (3.8%) is considered low.


Next Steps

Financial Health

How is Hutchison Port Holdings Trust's financial position?


Financial Position Analysis

Short Term Liabilities: NS8U's short term assets (HK$10.0B) do not cover its short term liabilities (HK$10.6B).

Long Term Liabilities: NS8U's short term assets (HK$10.0B) do not cover its long term liabilities (HK$35.6B).


Debt to Equity History and Analysis

Debt Level: NS8U's debt to equity ratio (65.9%) is considered high.

Reducing Debt: NS8U's debt to equity ratio has increased from 53.3% to 65.9% over the past 5 years.

Debt Coverage: NS8U's debt is not well covered by operating cash flow (12.9%).

Interest Coverage: NS8U's interest payments on its debt are well covered by EBIT (3.6x coverage).


Balance Sheet


Next Steps

Dividend

What is Hutchison Port Holdings Trust current dividend yield, its reliability and sustainability?

5.93%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: NS8U's dividend (5.93%) is higher than the bottom 25% of dividend payers in the SG market (2.43%).

High Dividend: NS8U's dividend (5.93%) is in the top 25% of dividend payers in the SG market (5.14%)


Stability and Growth of Payments

Stable Dividend: NS8U has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: NS8U has only been paying a dividend for 9 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (159.7%), NS8U's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: NS8U's dividends in 3 years are not forecast to be well covered by earnings (196.3% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.5yrs

Average management tenure


CEO

Patrick Lam

1.33yrs

Tenure

Mr. Hing Man Lam, also known as Patrick, serves as Chief Executive Officer of Hutchison Port Holdings Management Pte Ltd., a trustee-manager of Hutchison Port Holdings Trust since July 13, 2019. He serves ...


Leadership Team

NamePositionTenureCompensationOwnership
Hing Man Lam
Chief Executive Officer of Hutchison Port Holdings Management Pte Ltd.1.33yrsno datano data
Tung-Wan Lee
CFO - Hutchison Port Holdings Mgmt Pte Ltd & IR Officer of Hutchison Port Holdings Mgmt Pte Ltd4.5yrsno datano data
Hin Kee Tang
Operations Director of Hutchison Port Holdings Management Pte Ltd & GM - Operations - Yantian7.83yrsno datano data
Sing Chi Ip
Executive Director of Hutchison Port Holdings Management Pte Limited9.75yrsno datano data
Kai Shing Shum
MD of COSCO-HIT & Deputy MD of ACT4.5yrsno datano data
Kam Hung Fung
Managing Director of Hong Kong International Terminals1.33yrsno datano data
Yi Hwa Kim
Company Secretary2.33yrsno datano data
Ivor Chow
Executive Director of HIT4.5yrsno datano data

4.5yrs

Average Tenure

52yo

Average Age

Experienced Management: NS8U's management team is considered experienced (4.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Sing Chi Ip
Executive Director of Hutchison Port Holdings Management Pte Limited9.75yrsno datano data
Edith Shih
Non-Executive Director of Hutchison Port Holdings Management Pte Limited3.83yrsno data0.0072%
HK$ 120.9k
Kin Ning Fok
Chairman of Hutchison Port Holdings Management Pte Limited9.75yrsno data0.0078%
HK$ 130.5k
Sow-Mei Sng
Lead Independent Director of Hutchison Port Holdings Management Pte Limitedno datano data0.011%
HK$ 193.0k
Graeme Allan Jack
Independent Non-Executive Director of Hutchison Port Holdings Management Pte Limited9.75yrsno datano data
Tze Leung Chan
Independent Non-Executive Director of Hutchison Port Holdings Management Pte Limited9.75yrsno data0.0046%
HK$ 77.2k
Kwai Lam Wong
Independent Non-Executive Director of Hutchison Port Holdings Management Pte Limited4.92yrsno datano data
Chi Wai Fong
Independent Non-Executive Director of Hutchison Port Holdings Management Pte. Limited0.75yrno datano data
Sin Ling Tsim
Non-Executive Director of Hutchison Port Holdings Management Pte Limited3.83yrsno datano data

7.3yrs

Average Tenure

69yo

Average Age

Experienced Board: NS8U's board of directors are considered experienced (7.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Hutchison Port Holdings Trust's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Hutchison Port Holdings Trust
  • Ticker: NS8U
  • Exchange: SGX
  • Founded: 2011
  • Industry: Marine Ports and Services
  • Sector: Transportation
  • Market Cap: US$1.681b
  • Shares outstanding: 8.71b
  • Website: https://www.hphtrust.com

Number of Employees


Location

  • Hutchison Port Holdings Trust
  • No. 32-01 Singapore Land Tower
  • 50 Raffles Place
  • Singapore
  • 48623
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NS8USGX (Singapore Exchange)YesUnitsSGUSDMar 2011
H09DB (Deutsche Boerse AG)YesUnitsDEEURMar 2011
HCTP.FOTCPK (Pink Sheets LLC)YesUnitsUSUSDMar 2011
P7VUSGX (Singapore Exchange)YesUnitsSGSGDMar 2011
HUPH.YOTCPK (Pink Sheets LLC)UNSPONSORED ADRUSUSDJul 2013

Biography

Hutchison Port Holdings Trust invests in, develops, operates, and manages deep-water container ports in Guangdong Province of the People’s Republic of China, Hong Kong, and Macau. The company also invests ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/25 12:43
End of Day Share Price2020/11/25 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.