HUTCHISON PORT Reports 22.2% Revenue Decrease and 86.8% Net Income Decline for Q2 2023
August 23, 2023
🌥️Earnings Overview
For the quarter ending June 30 2023, HUTCHISON PORT ($SGX:NS8U) reported total revenue of HKD 5001.4 million, which was 22.2% lower than the same period in 2023, and net income of HKD 94.9 million, a decrease of 86.8% year over year.
Analysis
GoodWhale has conducted a thorough analysis of HUTCHISON PORT‘s fundamentals, and based on the findings, it is considered a low risk investment. This assessment was based on a Risk Rating, which evaluates financial and business aspects of a company. Furthermore, GoodWhale has identified two potential risk warnings from the income sheet and balance sheet. It is advised to register with GoodWhale in order to review these warnings in more detail. Through GoodWhale, investors can be sure they are making informed decisions about their investments. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Hutchison Port. More…
| Total Revenues | Net Income | Net Margin |
| 10.57k | 477.61 | 4.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Hutchison Port. More…
| Operations | Investing | Financing |
| 4.46k | -1.23k | -7.52k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Hutchison Port. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 83.85k | 40.73k | 2.99 |
Key Ratios Snapshot
Some of the financial key ratios for Hutchison Port are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 0.8% | 0.5% | 31.2% |
| FCF Margin | ROE | ROA |
| 36.6% | 7.8% | 2.5% |
Peers
Hutchison Port Holdings Trust is the largest container terminal operator in the world. Hutchison Port Holdings Trust’s main competitors are Rizhao Port Jurong Co Ltd, China Merchants Port Group Co Ltd, and Evergreen Marine Corp (Taiwan) Ltd.
– Rizhao Port Jurong Co Ltd ($SEHK:06117)
Rizhao Port Jurong Co Ltd is a port operator in China. The company operates Rizhao Port, a multi-purpose port located in Shandong Province, China. Rizhao Port Jurong Co Ltd also provides related services, such as warehousing, logistics, and shipping agency services. The company was founded in 2002 and is headquartered in Rizhao, China.
– China Merchants Port Group Co Ltd ($SZSE:001872)
China Merchants Port Group Co Ltd has a market cap of 34.7B as of 2022, a Return on Equity of 17.5%. The company is a leading port operator in China with a focus on developing and operating container terminals. The company has a strong presence in major Chinese ports such as Shanghai, Shenzhen, and Guangzhou.
– Evergreen Marine Corp (Taiwan) Ltd ($TWSE:2603)
As of 2022, Evergreen Marine Corporation (Taiwan) Ltd has a market capitalization of 329.1 billion and a return on equity of 57.93%. The company is engaged in the shipping business and owns and operates a fleet of container vessels. Evergreen Marine Corporation (Taiwan) Ltd is headquartered in Taipei, Taiwan.
Summary
HUTCHISON PORT Holdings Limited has seen a drastic decrease in its financial performance for the quarter ending June 30 2023. This is a concerning situation for investors, and further analysis is needed to determine the reasons behind the declines and whether this trend is likely to continue. Investors should examine the company’s past performance, current balance sheet, and future prospects to determine an appropriate investment strategy.
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