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Hutchison Port Holdings Trust (SGX:NS8U) Graham Number : $0.10 (As of Dec. 2023)


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What is Hutchison Port Holdings Trust Graham Number?

Graham Number is a figure that measures a stock's fundamental value by taking into account the company's earnings per share and book value per share. The Graham number is the upper bound of the price range that a defensive investor should pay for the stock. According to the theory, any stock price below the Graham number is considered undervalued, and thus worth investing in.

As of today (2024-04-27), the stock price of Hutchison Port Holdings Trust is $0.127. Hutchison Port Holdings Trust's graham number for the quarter that ended in Dec. 2023 was $0.10. Therefore, Hutchison Port Holdings Trust's Price to Graham Number ratio for today is 1.26.

The historical rank and industry rank for Hutchison Port Holdings Trust's Graham Number or its related term are showing as below:

SGX:NS8U' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.73   Med: 1.26   Max: 1.83
Current: 1.27

During the past 13 years, the highest Price to Graham Number ratio of Hutchison Port Holdings Trust was 1.83. The lowest was 0.73. And the median was 1.26.

SGX:NS8U's Price-to-Graham-Number is ranked worse than
64.71% of 734 companies
in the Transportation industry
Industry Median: 1 vs SGX:NS8U: 1.27

Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.


Hutchison Port Holdings Trust Graham Number Historical Data

The historical data trend for Hutchison Port Holdings Trust's Graham Number can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Hutchison Port Holdings Trust Graham Number Chart

Hutchison Port Holdings Trust Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Graham Number
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.15 0.20 0.31 0.24 0.10

Hutchison Port Holdings Trust Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Graham Number Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.30 0.30 0.24 0.16 0.10

Competitive Comparison of Hutchison Port Holdings Trust's Graham Number

For the Marine Shipping subindustry, Hutchison Port Holdings Trust's Price-to-Graham-Number, along with its competitors' market caps and Price-to-Graham-Number data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Hutchison Port Holdings Trust's Price-to-Graham-Number Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Hutchison Port Holdings Trust's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where Hutchison Port Holdings Trust's Price-to-Graham-Number falls into.



Hutchison Port Holdings Trust Graham Number Calculation

Graham Number is a concept based on Ben Graham's conservative valuation of companies.

Hutchison Port Holdings Trust's Graham Number for the fiscal year that ended in Dec. 2023 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*0.15*0.003)
=0.10

Hutchison Port Holdings Trust's Graham Number for the quarter that ended in Dec. 2023 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*0.15*0.003)
=0.10

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Hutchison Port Holdings Trust  (SGX:NS8U) Graham Number Explanation

Ben Graham actually did not publish a formula like this. But he wrote in The Intelligent Investor (1948 version) regarding to the criteria for purchases:

Current price should not be more than 15 times average earnings of the past three years.

Current price should not be more than 1.5 times the book value last reported. However, a multiplier of earnings below 15 could justify a correspondingly higher multiplier of assets. As a rule of thumb we suggest that the product of the multiplier times the ratio of price to book value should not exceed 22.5. (This figure corresponds to 15 times earnings and 1.5 times book value. It would admit an issue selling at only 9 times earnings and 2.5 times asset value, etc.)

Unlike valuation methods such as DCF or Discounted Earnings, the Graham number does not take growth into the valuation. Unlike the valuation methods based on book value alone, it takes into account the earnings power. Therefore, the Graham Number is a combination of asset valuation and earnings power valuation.

In general, the Graham number is a very conservative way of valuing a stock. It cannot be applied to companies with negative book values.

Hutchison Port Holdings Trust's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Dec. 2023 )
=0.127/0.10
=1.26

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Please keep these in mind:

1. Graham Number does not take growth into account. Therefore it underestimates the values of the companies that have good earnings growth. We feel that if the earnings per share grows more than 10% a year, Graham Number underestimates the value.
2. Graham Number punishes the companies that have temporarily low earnings. Therefore, an average of earnings makes more sense in the calculation of Graham Number.
3. Graham Numbers underestimates companies that are light with book.


Hutchison Port Holdings Trust Graham Number Related Terms

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Hutchison Port Holdings Trust (SGX:NS8U) Business Description

Traded in Other Exchanges
Address
1 Harbourfront Avenue, No. 14-07, Keppel Bay Tower, Singapore, SGP, 098632
Hutchison Port Holdings Trust invests in, develops, operates, and manages deep-water container ports. The company invests in other assets including river ports and provides additional port services such as freight forwarding and warehousing. The company derives revenue through the port and related services, transportation and logistics solutions, management and service fee income, and system development and support fees. The port and related services account for the vast majority of revenue. Hutchison Port Holdings operates in both Hong Kong and Mainland China and derives the majority of revenue from Mainland China.

Hutchison Port Holdings Trust (SGX:NS8U) Headlines

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