Hutchison Port Holdings Trust Valuation

Is P7VU undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of P7VU when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: P7VU (SGD0.21) is trading below our estimate of fair value (SGD0.87)

Significantly Below Fair Value: P7VU is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for P7VU?

Key metric: As P7VU is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for P7VU. This is calculated by dividing P7VU's market cap by their current earnings.
What is P7VU's PE Ratio?
PE Ratio	36.1x
Earnings	HK$296.69m
Market Cap	HK$10.71b

P7VU key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	4.2x
Enterprise Value/EBITDA	8.8x
PEG Ratio	1x

Price to Earnings Ratio vs Peers

How does P7VU's PE Ratio compare to its peers?

The above table shows the PE ratio for P7VU vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	16.7x
S59 SIA Engineering	24.9x	13.5%	S$2.7b
S08 Singapore Post	14.7x	6.9%	S$1.2b
C52 ComfortDelGro	16.1x	11.9%	S$3.2b
S61 SBS Transit	11.2x	n/a	S$761.8m
P7VU Hutchison Port Holdings Trust	36.1x	37.6%	S$1.4b

Price-To-Earnings vs Peers: P7VU is expensive based on its Price-To-Earnings Ratio (36.1x) compared to the peer average (16.7x).

Price to Earnings Ratio vs Industry

How does P7VU's PE Ratio compare vs other companies in the Asian Infrastructure Industry?

2 Companies	Price / Earnings	Estimated Growth	Market Cap

2 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: P7VU is expensive based on its Price-To-Earnings Ratio (36.1x) compared to the Asian Infrastructure industry average (13.8x).

Price to Earnings Ratio vs Fair Ratio

What is P7VU's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

P7VU PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	36.1x
Fair PE Ratio	26.3x

Price-To-Earnings vs Fair Ratio: P7VU is expensive based on its Price-To-Earnings Ratio (36.1x) compared to the estimated Fair Price-To-Earnings Ratio (26.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst P7VU forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	S$0.21	S$0.22 +3.5%	23.1%	S$0.29	S$0.17	n/a	3
Nov ’25	S$0.20	S$0.22 +6.1%	23.1%	S$0.29	S$0.17	n/a	3
Oct ’25	S$0.19	S$0.22 +14.4%	23.1%	S$0.29	S$0.17	n/a	3
Sep ’25	S$0.17	S$0.22 +30.2%	23.1%	S$0.29	S$0.17	n/a	3
Aug ’25	S$0.17	S$0.19 +13.3%	7.1%	S$0.20	S$0.17	n/a	2
Jul ’25	S$0.17	S$0.20 +14.6%	3.5%	S$0.20	S$0.19	n/a	2
Jun ’25	S$0.17	S$0.19 +14.5%	3.4%	S$0.20	S$0.19	n/a	2
May ’25	S$0.18	S$0.19 +10.6%	3.4%	S$0.20	S$0.19	n/a	2
Apr ’25	S$0.17	S$0.19 +13.2%	3.4%	S$0.20	S$0.19	n/a	2
Mar ’25	S$0.18	S$0.19 +10.0%	3.4%	S$0.20	S$0.19	n/a	2
Feb ’25	S$0.20	S$0.29 +49.0%	32.2%	S$0.43	S$0.23	n/a	3
Jan ’25	S$0.20	S$0.29 +49.7%	32.2%	S$0.43	S$0.23	n/a	3
Dec ’24	S$0.20	S$0.29 +43.9%	32.2%	S$0.43	S$0.23	n/a	3
Nov ’24	S$0.21	S$0.28 +31.7%	31.3%	S$0.43	S$0.23	S$0.20	4
Oct ’24	S$0.23	S$0.28 +17.7%	31.3%	S$0.43	S$0.23	S$0.19	4
Sep ’24	S$0.23	S$0.28 +20.2%	31.3%	S$0.43	S$0.23	S$0.17	4
Aug ’24	S$0.24	S$0.28 +12.9%	31.3%	S$0.43	S$0.23	S$0.17	4
Jul ’24	S$0.26	S$0.31 +18.1%	36.4%	S$0.50	S$0.23	S$0.17	4
Jun ’24	S$0.24	S$0.30 +23.4%	36.4%	S$0.49	S$0.23	S$0.17	4
May ’24	S$0.26	S$0.30 +18.6%	36.4%	S$0.49	S$0.23	S$0.18	4
Apr ’24	S$0.26	S$0.30 +19.5%	35.4%	S$0.49	S$0.22	S$0.17	4
Mar ’24	S$0.25	S$0.30 +21.9%	35.4%	S$0.49	S$0.22	S$0.18	4
Feb ’24	S$0.27	S$0.27 +0.2%	18.8%	S$0.34	S$0.22	S$0.20	3
Jan ’24	S$0.26	S$0.32 +23.8%	14.0%	S$0.35	S$0.26	S$0.20	3
Dec ’23	S$0.27	S$0.33 +22.6%	16.2%	S$0.38	S$0.26	S$0.20	3
Nov ’23	S$0.23	S$0.39 +65.5%	4.5%	S$0.41	S$0.37	S$0.21	3

Analyst Forecast: Target price is less than 20% higher than the current share price.