With a price-to-earnings (or "P/E") ratio of 7.2x Hutchison Port Holdings Trust (SGX:NS8U) may be sending bullish signals at the moment, given that almost half of all companies in Singapore have P/E ratios greater than 11x and even P/E's higher than 18x are not unusual. However, the P/E might be low for a reason and it requires further investigation to determine if it's justified.
Hutchison Port Holdings Trust certainly has been doing a good job lately as it's been growing earnings more than most other companies. One possibility is that the P/E is low because investors think this strong earnings performance might be less impressive moving forward. If not, then existing shareholders have reason to be quite optimistic about the future direction of the share price.
View our latest analysis for Hutchison Port Holdings Trust
SGX:NS8U Price Based on Past Earnings November 23rd 2022 Want the full picture on analyst estimates for the company? Then our
free report on Hutchison Port Holdings Trust will help you uncover what's on the horizon.
How Is Hutchison Port Holdings Trust's Growth Trending?
There's an inherent assumption that a company should underperform the market for P/E ratios like Hutchison Port Holdings Trust's to be considered reasonable.
If we review the last year of earnings growth, the company posted a terrific increase of 22%. Still, EPS has barely risen at all from three years ago in total, which is not ideal. So it appears to us that the company has had a mixed result in terms of growing earnings over that time.
Looking ahead now, EPS is anticipated to slump, contracting by 7.4% per year during the coming three years according to the three analysts following the company. Meanwhile, the broader market is forecast to expand by 1.9% per year, which paints a poor picture.
In light of this, it's understandable that Hutchison Port Holdings Trust's P/E would sit below the majority of other companies. Nonetheless, there's no guarantee the P/E has reached a floor yet with earnings going in reverse. There's potential for the P/E to fall to even lower levels if the company doesn't improve its profitability.
The Bottom Line On Hutchison Port Holdings Trust's P/E
It's argued the price-to-earnings ratio is an inferior measure of value within certain industries, but it can be a powerful business sentiment indicator.
As we suspected, our examination of Hutchison Port Holdings Trust's analyst forecasts revealed that its outlook for shrinking earnings is contributing to its low P/E. At this stage investors feel the potential for an improvement in earnings isn't great enough to justify a higher P/E ratio. It's hard to see the share price rising strongly in the near future under these circumstances.
You should always think about risks. Case in point, we've spotted 2 warning signs for Hutchison Port Holdings Trust you should be aware of, and 1 of them can't be ignored.
You might be able to find a better investment than Hutchison Port Holdings Trust. If you want a selection of possible candidates, check out this free list of interesting companies that trade on a P/E below 20x (but have proven they can grow earnings).
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市盈率(P/E)为7.2倍和记港口控股信托基金新加坡证券交易所(SGX:NS8U)目前可能发出看涨信号,因为新加坡几乎一半的公司市盈率高于11倍,甚至高于18倍的市盈率也并不罕见。然而,市盈率可能是有原因的,需要进一步调查才能确定它是否合理。
和记黄埔港口控股信托最近肯定做得很好,因为它的收益增长速度超过了大多数其他公司。一种可能性是,市盈率较低,因为投资者认为,未来这种强劲的盈利表现可能不会那么令人印象深刻。如果不是,那么现有股东有理由对股价的未来走向相当乐观。
查看我们对和记港口控股信托的最新分析
新交所:NS8U基于过去收益的价格2022年11月23日想要了解分析师对该公司预期的全貌吗?那么我们的
免费和记黄埔港口控股信托基金的报告将帮助你发现即将发生的事情。
和记黄埔港口控股信托的增长趋势如何?
有一种固有的假设,即一家公司的市盈率应该低于市场,因为像和记黄埔这样的市盈率被认为是合理的。
如果我们回顾一下去年的收益增长,该公司公布了22%的惊人增长。尽管如此,与三年前相比,每股收益总体上几乎没有上升,这并不理想。因此,在我们看来,在这段时间里,该公司在收益增长方面的结果好坏参半。
根据跟踪该公司的三位分析师的说法,展望未来,每股收益预计将大幅下滑,未来三年每年收缩7.4%。与此同时,更广泛的市场预计将以每年1.9%的速度增长,这描绘了一幅糟糕的图景。
有鉴于此,和记黄埔港口控股信托的市盈率低于大多数其他公司也是可以理解的。尽管如此,不能保证市盈率已经触底,盈利出现了逆转。如果该公司不提高盈利能力,市盈率有可能降至更低的水平。
和记港口控股信托的市盈率底线
有人认为,市盈率是衡量某些行业价值的次要指标,但它可以成为一个强大的商业信心指标。
正如我们怀疑的那样,我们对和记黄埔的分析师预测进行了审查,发现该公司盈利缩水的前景是导致其市盈率较低的原因之一。在现阶段,投资者认为盈利改善的潜力还不够大,不足以证明更高的市盈率是合理的。在这种情况下,很难看到股价在不久的将来强劲上涨。
你应该时刻考虑风险。举个例子,我们发现和记黄埔港口控股信托基金的2个警告信号你应该意识到,其中有1个是不容忽视的。
你或许能找到比和记港口控股信托基金更好的投资。如果您想要选择可能的候选人,请查看以下内容免费令人感兴趣的市盈率低于20倍的公司名单(但已证明它们可以增加收益)。
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本文由Simply Wall St.撰写,具有概括性。我们仅使用不偏不倚的方法提供基于历史数据和分析师预测的评论,我们的文章并不打算作为财务建议。它不构成买卖任何股票的建议,也没有考虑你的目标或你的财务状况。我们的目标是为您带来由基本面数据驱动的长期重点分析。请注意,我们的分析可能不会将最新的对价格敏感的公司公告或定性材料考虑在内。Simply Wall St.对上述任何一只股票都没有持仓。