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Hutchison Port Holdings Trust

DB:H09
Snowflake Description

Good value with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
H09
DB
$897M
Market Cap
  1. Home
  2. DE
  3. Transportation
Company description

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 last earnings update was 50 days ago. More info.


Add to Portfolio Compare Print
  • Hutchison Port Holdings Trust is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • Hutchison Port Holdings Trust has significant price volatility in the past 3 months.
H09 Share Price and Events
7 Day Returns
11.5%
DB:H09
11.3%
DE Infrastructure
9.9%
DE Market
1 Year Returns
-53.5%
DB:H09
-43.8%
DE Infrastructure
-17.5%
DE Market
H09 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Hutchison Port Holdings Trust (H09) 11.5% -30.3% -36.6% -53.5% -75.6% -85%
DE Infrastructure 11.3% -34% -49.8% -43.8% -42.3% -21.2%
DE Market 9.9% -16.6% -24.8% -17.5% -24.5% -28.1%
1 Year Return vs Industry and Market
  • H09 underperformed the Infrastructure industry which returned -43.8% over the past year.
  • H09 underperformed the Market in Germany which returned -17.5% over the past year.
Price Volatility
H09
Industry
5yr Volatility vs Market

H09 Value

 Is Hutchison Port Holdings Trust undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Hutchison Port Holdings Trust to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Hutchison Port Holdings Trust.

DB:H09 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:H09
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Infrastructure Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.728 (1 + (1- 17%) (439.35%))
2.598
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (2 * 5.44%)
10.49%

Discounted Cash Flow Calculation for DB:H09 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Hutchison Port Holdings Trust is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:H09 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 10.49%)
2020 3,782.00 Analyst x1 3,422.93
2021 4,598.00 Analyst x1 3,766.37
2022 4,843.00 Analyst x1 3,590.42
2023 4,999.30 Est @ 3.23% 3,354.42
2024 5,106.40 Est @ 2.14% 3,100.99
2025 5,177.00 Est @ 1.38% 2,845.38
2026 5,221.04 Est @ 0.85% 2,597.15
2027 5,246.03 Est @ 0.48% 2,361.82
2028 5,257.46 Est @ 0.22% 2,142.25
2029 5,259.33 Est @ 0.04% 1,939.55
Present value of next 10 years cash flows HK$29,121.00
DB:H09 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= HK$5,259.33 × (1 + -0.39%) ÷ (10.49% – -0.39%)
HK$48,150.95
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$48,150.95 ÷ (1 + 10.49%)10
HK$17,757.22
DB:H09 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$29,121.00 + HK$17,757.22
HK$46,878.22
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$46,878.22 / 8,711.10
HK$5.38
DB:H09 Discount to Share Price
Calculation Result
Exchange Rate HKD/USD
(Reporting currency to currency of SGX:NS8U)
0.129
Value per Share
(USD)
= Value per Share in HKD x Exchange Rate (HKD/USD)
= HK$5.38 x 0.129
$0.69
Non-primary Listing Adjustment Factor 1 share in DB:H09 represents 0.8932x of SGX:NS8U
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.8932x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 0.69 x 0.8932
€0.62
Value per share (EUR) From above. €0.62
Current discount Discount to share price of €0.09
= -1 x (€0.09 - €0.62) / €0.62
85.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Hutchison Port Holdings Trust is available for.
Intrinsic value
>50%
Share price is €0.092 vs Future cash flow value of €0.62011
Current Discount Checks
For Hutchison Port Holdings Trust to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Hutchison Port Holdings Trust's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Hutchison Port Holdings Trust's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Hutchison Port Holdings Trust's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Hutchison Port Holdings Trust's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:H09 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in HKD HK$0.06
SGX:NS8U Share Price ** SGX (2020-03-31) in USD $0.1
SGX:NS8U Share Price converted to HKD reporting currency Exchange rate (USD/ HKD) 7.751 HK$0.8
Europe Infrastructure Industry PE Ratio Median Figure of 38 Publicly-Listed Infrastructure Companies 10.3x
Germany Market PE Ratio Median Figure of 399 Publicly-Listed Companies 16.31x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Hutchison Port Holdings Trust.

DB:H09 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SGX:NS8U Share Price ÷ EPS (both in HKD)

= 0.8 ÷ 0.06

13.17x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hutchison Port Holdings Trust is overvalued based on earnings compared to the Europe Infrastructure industry average.
  • Hutchison Port Holdings Trust is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Hutchison Port Holdings Trust's expected growth come at a high price?
Raw Data
DB:H09 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.17x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
1.9%per year
Europe Infrastructure Industry PEG Ratio Median Figure of 18 Publicly-Listed Infrastructure Companies 1.17x
Germany Market PEG Ratio Median Figure of 255 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

DB:H09 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.17x ÷ 1.9%

7.1x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hutchison Port Holdings Trust is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Hutchison Port Holdings Trust's assets?
Raw Data
DB:H09 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in HKD HK$2.97
SGX:NS8U Share Price * SGX (2020-03-31) in USD $0.1
SGX:NS8U Share Price converted to HKD reporting currency Exchange rate (USD/ HKD) 7.751 HK$0.8
Germany Infrastructure Industry PB Ratio Median Figure of 5 Publicly-Listed Infrastructure Companies 0.9x
Germany Market PB Ratio Median Figure of 571 Publicly-Listed Companies 1.43x
DB:H09 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SGX:NS8U Share Price ÷ Book Value per Share (both in HKD)

= 0.8 ÷ 2.97

0.27x

* Primary Listing of Hutchison Port Holdings Trust.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hutchison Port Holdings Trust is good value based on assets compared to the DE Infrastructure industry average.
X
Value checks
We assess Hutchison Port Holdings Trust's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Infrastructure industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Infrastructure industry average (and greater than 0)? (1 check)
  5. Hutchison Port Holdings Trust has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

H09 Future Performance

 How is Hutchison Port Holdings Trust expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
1.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Hutchison Port Holdings Trust expected to grow at an attractive rate?
  • Hutchison Port Holdings Trust's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Hutchison Port Holdings Trust's earnings growth is positive but not above the Germany market average.
  • Hutchison Port Holdings Trust's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:H09 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:H09 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 1.9%
DB:H09 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts -0.1%
Europe Infrastructure Industry Earnings Growth Rate Market Cap Weighted Average 4.4%
Europe Infrastructure Industry Revenue Growth Rate Market Cap Weighted Average 2%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.4%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:H09 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:H09 Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 10,977 4,427 531 4
2021-12-31 10,860 4,585 494 5
2020-12-31 10,645 3,957 462 5
2020-03-31
DB:H09 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2019-12-31 11,121 4,635 528
2019-09-30 11,452 4,993 -11,640
2019-06-30 11,450 5,004 -11,633
2019-03-31 11,490 4,763 -11,600
2018-12-31 11,483 4,245 -11,551
2018-09-30 11,340 4,161 793
2018-06-30 11,535 4,941 824
2018-03-31 11,640 5,404 923
2017-12-31 11,551 5,740 944
2017-09-30 11,652 5,516 1,092
2017-06-30 11,695 5,114 1,252
2017-03-31 11,738 5,133 1,326

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Hutchison Port Holdings Trust's earnings are expected to grow by 1.9% yearly, however this is not considered high growth (20% yearly).
  • Hutchison Port Holdings Trust's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:H09 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Hutchison Port Holdings Trust Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:H09 Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 0.06 0.07 0.05 4.00
2021-12-31 0.06 0.06 0.05 5.00
2020-12-31 0.05 0.06 0.04 5.00
2020-03-31
DB:H09 Past Financials Data
Date (Data in HKD Millions) EPS *
2019-12-31 0.06
2019-09-30 -1.34
2019-06-30 -1.34
2019-03-31 -1.33
2018-12-31 -1.33
2018-09-30 0.09
2018-06-30 0.09
2018-03-31 0.11
2017-12-31 0.11
2017-09-30 0.13
2017-06-30 0.14
2017-03-31 0.15

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Hutchison Port Holdings Trust is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Hutchison Port Holdings Trust's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Hutchison Port Holdings Trust has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

H09 Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Hutchison Port Holdings Trust's growth in the last year to its industry (Infrastructure).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Hutchison Port Holdings Trust's year on year earnings growth rate has been positive over the past 5 years.
  • Hutchison Port Holdings Trust has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Hutchison Port Holdings Trust has become profitable in the last year making it difficult to compare the Europe Infrastructure industry average.
Earnings and Revenue History
Hutchison Port Holdings Trust's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Hutchison Port Holdings Trust Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:H09 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 11,120.90 528.20
2019-09-30 11,452.16 -11,640.32
2019-06-30 11,449.76 -11,633.32
2019-03-31 11,490.46 -11,599.82
2018-12-31 11,482.56 -11,551.32
2018-09-30 11,339.96 792.68
2018-06-30 11,535.26 823.58
2018-03-31 11,640.26 922.68
2017-12-31 11,550.96 944.18
2017-09-30 11,651.69 1,092.19
2017-06-30 11,694.99 1,251.99
2017-03-31 11,738.49 1,325.59
2016-12-31 11,912.29 1,713.59
2016-09-30 11,989.48 1,861.10
2016-06-30 12,225.98 1,956.80
2016-03-31 12,416.08 2,014.00
2015-12-31 12,612.78 1,744.90
2015-09-30 12,769.93 -17,398.36
2015-06-30 12,690.23 -17,433.56
2015-03-31 12,626.23 -17,465.06
2014-12-31 12,622.23 -17,191.96
2014-09-30 12,552.39 1,752.78
2014-06-30 12,494.19 1,801.28
2014-03-31 12,462.39 1,853.38
2013-12-31 12,384.39 1,674.78
2013-09-30 12,410.26 1,970.66
2013-06-30 12,376.26 2,020.36

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Hutchison Port Holdings Trust has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Hutchison Port Holdings Trust used its assets less efficiently than the Europe Infrastructure industry average last year based on Return on Assets.
  • Hutchison Port Holdings Trust has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Hutchison Port Holdings Trust's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Infrastructure industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Hutchison Port Holdings Trust has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

H09 Health

 How is Hutchison Port Holdings Trust's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Hutchison Port Holdings Trust's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Hutchison Port Holdings Trust's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Hutchison Port Holdings Trust's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Hutchison Port Holdings Trust's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Hutchison Port Holdings Trust Company Filings, last reported 3 months ago.

DB:H09 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 45,563.30 30,556.40 7,040.20
2019-09-30 45,169.70 30,642.80 6,208.10
2019-06-30 46,563.60 30,639.50 7,218.60
2019-03-31 46,302.20 31,522.90 7,044.40
2018-12-31 46,668.16 31,806.95 6,566.35
2018-09-30 58,616.50 31,639.00 5,241.40
2018-06-30 59,376.00 31,629.00 6,532.80
2018-03-31 59,035.20 32,453.10 6,602.60
2017-12-31 60,321.91 32,711.95 6,768.08
2017-09-30 59,764.00 33,374.60 6,735.20
2017-06-30 59,725.70 33,318.20 7,583.10
2017-03-31 59,653.80 33,485.80 6,533.00
2016-12-31 60,681.87 33,682.87 6,999.88
2016-09-30 60,620.60 33,697.50 6,329.60
2016-06-30 61,855.40 33,727.40 7,224.00
2016-03-31 61,297.60 33,106.50 5,995.60
2015-12-31 62,167.61 33,194.18 6,840.81
2015-09-30 61,658.10 33,209.60 5,778.60
2015-06-30 62,162.20 33,106.20 7,294.60
2015-03-31 61,467.10 33,632.60 6,895.50
2014-12-31 63,394.20 33,846.86 7,798.81
2014-09-30 81,762.60 33,808.00 6,445.90
2014-06-30 83,513.80 33,794.80 7,990.30
2014-03-31 82,900.10 33,811.90 7,358.50
2013-12-31 84,231.67 34,177.08 5,818.66
2013-09-30 83,181.30 33,215.50 3,749.80
2013-06-30 83,849.20 33,183.00 4,851.60
  • Hutchison Port Holdings Trust's level of debt (67.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (53.4% vs 67.1% today).
  • Debt is not well covered by operating cash flow (15.2%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.2x coverage).
X
Financial health checks
We assess Hutchison Port Holdings Trust's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Hutchison Port Holdings Trust has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

H09 Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
12.53%
Current annual income from Hutchison Port Holdings Trust dividends. Estimated to be 13.95% next year.
If you bought €2,000 of Hutchison Port Holdings Trust shares you are expected to receive €251 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Hutchison Port Holdings Trust's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.68%).
  • Hutchison Port Holdings Trust's dividend is above the markets top 25% of dividend payers in Germany (4.97%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:H09 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
Europe Infrastructure Industry Average Dividend Yield Market Cap Weighted Average of 31 Stocks 7.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.8%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:H09 Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.14 4.00
2021-12-31 0.11 5.00
2020-12-31 0.10 5.00
2020-03-31
DB:H09 Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2020-02-10 0.100 10.240
2019-02-12 0.170 11.403
2018-07-23 0.196 9.947
2018-03-15 0.206 8.502
2017-07-19 0.261 8.025
2017-03-20 0.306 9.445
2016-07-27 0.327 9.853
2016-03-31 0.344 9.764
2016-02-02 0.344 9.363
2015-07-22 0.380 9.039
2015-02-27 0.410 7.955
2015-02-06 0.410 7.608
2014-07-25 0.410 7.623
2014-02-11 0.410 7.698
2013-02-01 0.512 8.797
2012-10-24 0.481 7.853
2012-07-26 0.481 8.347
2012-02-21 0.468 8.099
2011-11-14 0.286 5.538
2011-10-17 0.286 5.579
2011-08-04 0.286 5.617

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hutchison Port Holdings Trust has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Hutchison Port Holdings Trust has only been paying a dividend for 9 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Hutchison Port Holdings Trust's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (0.4x coverage).
X
Income/ dividend checks
We assess Hutchison Port Holdings Trust's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Hutchison Port Holdings Trust afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Hutchison Port Holdings Trust has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

H09 Management

 What is the CEO of Hutchison Port Holdings Trust's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Patrick Lam
TENURE AS CEO 0.7 years
CEO Bio

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 as Managing Director of Yantian International Container Terminals Limited, Yantian International Container Terminals (Phase III) Limited and Shenzhen Yantian West Port Terminals Limited. Mr. Lam is a member of the HPH Trust Exco. He first joined HIT in 1988 and spent the following two decades developing joint-venture projects for HPH in China. He held various executive positions at HPH. He was previously the General Manager of two HPH subsidiaries in China, the General Manager of human resources at HIT and the Director of operations and human resources at YICT. He holds a Master’s Degree in International Shipping and Transport Logistics. He serves as an Executive Director of Beijing Leading Edge Container Services Company Limited, Huizhou International Container Terminals Limited, Hutchison Logistics (Shenzhen) Ltd., Hutchison Yantian Railway (HK) Limited, Shenzhen Hutchison Inland Container Depots Co., Ltd., Shenzhen Leading Edge Port Services Co. Ltd., Shenzhen Pingyan Multimodal Company Limited, Shenzhen Yantian Tugboat Company Limited, Shenzhen Yantian West Port Terminals Limited, Yantian International Container Terminals (Phase III) Limited, Yantian International Container Terminals Limited and Yantian Port International Information Company Limited.

CEO Compensation
  • Insufficient data for Patrick to compare compensation growth.
  • Insufficient data for Patrick to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Hutchison Port Holdings Trust management team in years:

3.8
Average Tenure
51
Average Age
  • The tenure for the Hutchison Port Holdings Trust management team is about average.
Management Team

Patrick Lam

TITLE
Chief Executive Officer of Hutchison Port Holdings Management Pte Ltd.
TENURE
0.7 yrs

Diana Lee

TITLE
CFO - Hutchison Port Holdings Mgmt Pte Ltd & IR Officer of Hutchison Port Holdings Mgmt Pte Ltd
AGE
51
TENURE
3.8 yrs

Edward Tang

TITLE
Operations Director of Hutchison Port Holdings Management Pte Ltd & GM - Operations - Yantian
TENURE
7.2 yrs

Eric Ip

TITLE
Executive Director of Hutchison Port Holdings Management Pte Limited
AGE
66

Lawrence Shum

TITLE
MD of COSCO-HIT & Deputy MD of ACT
TENURE
3.8 yrs

Victor Lai

TITLE
Joint Company Secretary of Hutchison Port Holdings Management Pte Limited
TENURE
1.7 yrs

Yi Hwa Kim

TITLE
Joint Company Secretary of Hutchison Port Holdings Management Pte Limited
TENURE
1.7 yrs

Ivor Chow

TITLE
Executive Director of HIT
AGE
50
TENURE
3.8 yrs
Board of Directors Tenure

Average tenure and age of the Hutchison Port Holdings Trust board of directors in years:

9
Average Tenure
68
Average Age
  • The tenure for the Hutchison Port Holdings Trust board of directors is about average.
Board of Directors

Canning Fok

TITLE
Chairman of Hutchison Port Holdings Management Pte Limited
AGE
68
TENURE
9 yrs

Eric Ip

TITLE
Executive Director of Hutchison Port Holdings Management Pte Limited
AGE
66
TENURE
9 yrs

Graeme Allan Jack

TITLE
Independent Non-Executive Director of Hutchison Port Holdings Management Pte Limited
AGE
69
TENURE
9 yrs

Sow-Mei Sng

TITLE
Lead Independent Director of Hutchison Port Holdings Management Pte Limited
AGE
78

Robert Chan

TITLE
Independent Non-Executive Director of Hutchison Port Holdings Management Pte Limited
AGE
72
TENURE
9 yrs

Edith Shih

TITLE
Non-Executive Director of Hutchison Port Holdings Management Pte Limited
AGE
67
TENURE
3.2 yrs

Kwai Lam Wong

TITLE
Independent Non-Executive Director of Hutchison Port Holdings Management Pte Limited
AGE
70
TENURE
4.3 yrs

Ruth Tsim

TITLE
Non-Executive Director of Hutchison Port Holdings Management Pte Limited
AGE
62
TENURE
3.2 yrs

Alex Fong

TITLE
Independent Non-Executive Director of Hutchison Port Holdings Management Pte. Limited
AGE
63
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Hutchison Port Holdings Trust's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Hutchison Port Holdings Trust has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

H09 News

Simply Wall St News

H09 Company Info

Description

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 operates Hongkong International Terminals, COSCO-HIT Terminals, and Asia Container Terminals located in Kwai Tsing port, Hong Kong; and Yantian International Container Terminals and Huizhou International Container Terminals located in Mainland China. It operates 38 berths across 647 hectares of land. The company also invests in other types of port assets, including river ports; and undertakes various port ancillary services, such as trucking, feedering, freight forwarding, supply chain management, warehousing, and distribution services. Hutchison Port Holdings Trust was founded in 2011 and is based in Singapore.

Details
Name: Hutchison Port Holdings Trust
H09
Exchange: DB
Founded: 2011
$816,491,499
8,711,101,022
Website: http://www.hphtrust.com
Address: Hutchison Port Holdings Trust
No. 32-01 Singapore Land Tower,
50 Raffles Place,
Singapore,
048623,
Singapore
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SGX NS8U Units Singapore Exchange SG USD 18. Mar 2011
OTCPK HCTP.F Units Pink Sheets LLC US USD 18. Mar 2011
DB H09 Units Deutsche Boerse AG DE EUR 18. Mar 2011
SGX P7VU Units Singapore Exchange SG SGD 18. Mar 2011
OTCPK HUPH.Y UNSPONSORED ADR Pink Sheets LLC US USD 08. Jul 2013
Number of employees
Current staff
Staff numbers
0
Hutchison Port Holdings Trust employees.
Industry
Marine Ports and Services
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/31 21:59
End of day share price update: 2020/03/31 00:00
Last estimates confirmation: 2020/03/17
Last earnings filing: 2020/02/10
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.