China Merchants Port Holdings Co (0144) AI Stock Analysis

• Market Cap: HK$60.54B
• Dividend Yield: 6.93%
• Average Volume (3M): 4.14M
• Price to Earnings (P/E): 7.6
• Beta (1Y): 0.39
• Revenue Growth: 3.14%
• EPS Growth: 23.12%
• Country: HK
• Employees: 8,713
• Sector: Industrials
• Sector Strength: 87
• Industry: Marine Shipping
• EPS (TTM): 1.89
• Shares Outstanding: 4,198,009,300
• 10 Day Avg. Volume: 3,872,880
• 30 Day Avg. Volume: 4,138,446
• PEG Ratio: -0.67
• Price to Book (P/B): 0.46
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 7.43
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: HK$16.17
• Price Target Upside: 12.14% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 74 Outperform
• Price Target: HK$17.00 ▲(17.89%Upside)

The most significant factor is the company's strong financial performance, with good profitability and a solid balance sheet. Valuation metrics are also favorable, suggesting the stock is undervalued with a good dividend yield. Technical analysis indicates positive momentum but raises caution due to potential overbought conditions.

China Merchants Port Holdings Co Business Overview & Revenue Model

Company Description

China Merchants Port Holdings Company Limited, an investment holding company, operates as a port operator in Mainland China, Hong Kong, Taiwan, and internationally. It operates through Ports operation, Bonded Logistics Operation, and Other Operations. The company engages in the container, and bulk and general cargo terminals; and logistic park operation, ports transportation, and airport cargo handling activities. It also invests, develops, and constructs modular housings; and provides container terminal services. In addition, the company engages in port construction and development; and operation of berths; operation of tugboats. Further, it offers tugboat berthing assistance and barge services at the arrival of ships to the ports, tallying in the course of cargo handling, and supply of shore power and freshwater for vessels. The company was formerly known as China Merchants Holdings (International) Company Limited and changed its name to China Merchants Port Holdings Company Limited in June 2016. The company was founded in 1872 and is headquartered in Central, Hong Kong. China Merchants Port Holdings Company Limited is considered as a Red Chip company due to its listing on the Hong Kong Stock Exchange.

How the Company Makes Money

China Merchants Port Holdings Co. generates revenue primarily through the operation and management of its extensive portfolio of ports and terminals. The company earns income from fees charged for the handling and storage of containerized and bulk cargo, as well as from leasing port facilities to shipping companies and other logistics service providers. Additionally, the company benefits from its strategic partnerships and joint ventures with global shipping lines and logistics companies, which help to secure a steady flow of cargo traffic and enhance its competitive positioning. The company's revenue streams are further supplemented by its involvement in ancillary services, such as port-related logistics and value-added services.

China Merchants Port Holdings Co Financial Statement Overview

Summary

Strong profitability with impressive margins and a robust balance sheet indicate solid financial health. However, the lack of current cash flow data slightly lowers the score.

Income Statement

The income statement shows strong profitability with a gross profit margin of 46.4% and a net profit margin of 67.4% for 2024. Revenue growth rate from 2023 to 2024 is a modest 3.13%, indicating stable but not aggressive growth. EBIT margin stands at 34.1% and EBITDA margin at 48.6%, reflecting solid operational efficiency.

Balance Sheet

The balance sheet is robust with a debt-to-equity ratio of 0.33, indicating a conservative leverage position. Return on equity is impressive at 7.6%, suggesting good profitability relative to shareholder equity. The equity ratio is 62.2%, showcasing a strong equity base relative to total assets.

Cash Flow

The cash flow statement lacks data for 2024, but past records show inconsistent free cash flow growth. The operating cash flow to net income ratio was not calculable for 2024 due to missing data, but historical figures reveal a generally positive cash generation capability.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	11.84B	11.48B	12.54B	11.85B	8.95B
Gross Profit	5.50B	5.11B	5.51B	5.30B	3.69B
EBITDA	5.75B	12.54B	6.20B	7.47B	6.56B
Net Income	7.98B	6.42B	8.01B	8.37B	5.20B
Balance Sheet
Total Assets	169.47B	172.31B	172.16B	178.69B	170.06B
Cash, Cash Equivalents and Short-Term Investments	14.18B	15.67B	9.63B	9.98B	11.29B
Total Debt	34.55B	37.49B	41.73B	43.95B	46.39B
Total Liabilities	48.04B	51.47B	55.83B	60.13B	62.67B
Stockholders Equity	105.35B	103.68B	96.97B	98.26B	87.89B
Cash Flow
Free Cash Flow	7.35B	4.67B	5.94B	5.74B	2.50B
Operating Cash Flow	7.37B	5.98B	7.46B	7.57B	4.29B
Investing Cash Flow	345.00M	2.57B	-5.47B	-1.65B	-8.06B
Financing Cash Flow	-9.64B	-4.62B	-3.22B	-4.61B	6.99B

China Merchants Port Holdings Co Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 14.42
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0144, the sentiment is Neutral. The current price of 14.42 is below the 20-day moving average (MA) of 14.57, above the 50-day MA of 13.54, and above the 200-day MA of 12.63, indicating a neutral trend. The MACD of 0.26 indicates Positive momentum. The RSI at 52.83 is Neutral, neither overbought nor oversold. The STOCH value of 38.13 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:0144.

China Merchants Port Holdings Co Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0144	74 Outperform	HK$60.54B	7.64	7.67%	6.93%	3.14%	23.12%
Sector *	65 Neutral	$10.56B	15.49	5.57%	1.96%	2.71%	-26.28%
CSPKF		$2.58B	5.87	5.64%	6.94%	―	―
DLPTF		$4.44B	14.91	2.45%	3.15%	―	―
TJIPF		$509.04M	5.47	5.03%	7.43%	―	―
QHD		€2.06B	7.15	8.11%	3.92%	―	―
6198	83 Outperform	HK$58.63B	7.47	12.46%	3.75%	5.80%	5.59%

China Merchants Port Holdings Co Corporate Events

China Merchants Port Updates Equipment Agreement with Hoi Tung

China Merchants Port Holdings Co., Ltd. announced an amendment to its Equipment Modification (Terminal Tractors) Agreement with Hoi Tung, resulting in an increase in the contract price from RMB27.94 million to RMB28.48 million. This change reflects updated specifications for the equipment to be provided, with the additional cost to be covered by the company’s internal resources. The amendment, effective from July 1, 2025, aligns with the company’s strategy to optimize its terminal operations, potentially impacting its operational efficiency and market competitiveness.

The most recent analyst rating on (HK:0144) stock is a Buy with a HK$17.00 price target. To see the full list of analyst forecasts on China Merchants Port Holdings Co stock, see the HK:0144 Stock Forecast page.

China Merchants Port Approves Key Resolutions at AGM

China Merchants Port Holdings Company Limited announced the successful passage of all proposed resolutions at its annual general meeting, including the adoption of new articles of association. The resolutions, which cover financial statements, dividend declarations, director re-elections, and auditor appointments, were approved by significant majorities, indicating strong shareholder support and potentially enhancing the company’s governance and operational framework.

The most recent analyst rating on (HK:0144) stock is a Buy with a HK$17.00 price target. To see the full list of analyst forecasts on China Merchants Port Holdings Co stock, see the HK:0144 Stock Forecast page.

China Merchants Port Holdings Releases Quarterly Report

China Merchants Port Holdings Company Limited announced the release of a quarterly report by its substantial shareholder, China Merchants Port Group Co., Ltd., for the period ending March 31, 2025. The report, prepared under Chinese auditing standards, provides financial and operational insights but cautions investors about potential risks due to differing accounting standards.

China Merchants Port Holdings Schedules AGM with Key Resolutions on Agenda

China Merchants Port Holdings Co. has announced its upcoming Annual General Meeting (AGM) scheduled for June 3, 2025, where key agenda items include the approval of financial statements, a final dividend declaration, re-election of directors, and the re-appointment of KPMG as auditors. The AGM will also consider resolutions to authorize the board to manage share allotments and buybacks, which could impact the company’s capital structure and shareholder value.

China Merchants Port Enters Structured Lease Agreement with Ocean Offshore

China Merchants Port Holdings Company Limited announced a structured lease agreement with Ocean Offshore, where HIPG will transfer its equipment to Ocean Offshore, which will then lease it back to HIPG. This transaction, classified as a connected transaction, is exempt from certain regulatory requirements due to its percentage ratios, and it involves a letter of comfort from the company to Ocean Offshore, potentially impacting the company’s operational flexibility and financial arrangements.

China Merchants Port Holdings Releases Shareholder’s Annual Report

China Merchants Port Holdings Company Limited announced the release of the annual report by its substantial shareholder, China Merchants Port Group Co., Ltd., for the year ended December 31, 2024. The report, prepared under Chinese auditing standards, provides financial and operational insights into the group’s activities. Stakeholders are advised to exercise caution due to differences in accounting standards, which may affect the interpretation of the financial data.

China Merchants Port Holdings Enhances Governance with New Nomination Committee

China Merchants Port Holdings Company Limited has announced the formation and terms of reference for its Nomination Committee, aimed at enhancing the governance and strategic oversight of the company. The committee, composed of non-executive and executive directors, is tasked with reviewing board structure, diversity, and performance, and making recommendations for board appointments and succession planning, reflecting the company’s commitment to maintaining robust corporate governance and strategic alignment with its corporate goals.

China Merchants Port Holdings Reports Strong Financial Growth in 2024

China Merchants Port Holdings Company Limited reported a 6.0% increase in container throughput and a slight 0.3% rise in bulk cargo throughput for 2024. The company’s profit attributable to equity holders rose by 27.0%, reaching HK$7,919 million, with a notable increase in recurrent profit from port operations. Basic earnings per share increased by 23.1%, and a final dividend of HK$0.636 per share was declared, reflecting the company’s robust financial performance and positive outlook for stakeholders.

China Merchants Port Announces Final Dividend for 2024

China Merchants Port Holdings Company Limited has announced a final ordinary cash dividend of HKD 0.636 per share for the financial year ending December 31, 2024. The dividend will be paid on July 10, 2025, following shareholder approval on June 3, 2025, and is indicative of the company’s stable financial performance and commitment to returning value to its shareholders.