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Market Cap

CN¥11.1b

Last Updated

2021/04/11 09:00 UTC

Data Sources

Company Financials

Executive Summary

CMST Development Co.,Ltd. provides warehouse logistics services in China, rest of Asia, Europe, and the United States. More Details


Snowflake Analysis

Flawless balance sheet and fair value.

Share Price & News

How has CMST DevelopmentLtd's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 600787 is less volatile than 75% of CN stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 600787's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

-1.0%

600787

-8.2%

CN Logistics

-1.1%

CN Market


1 Year Return

11.3%

600787

23.8%

CN Logistics

28.4%

CN Market

Return vs Industry: 600787 underperformed the CN Logistics industry which returned 31% over the past year.

Return vs Market: 600787 underperformed the CN Market which returned 27.4% over the past year.


Shareholder returns

600787IndustryMarket
7 Day-1.0%-8.2%-1.1%
30 Day2.2%-14.5%1.0%
90 Day8.6%-14.1%-5.8%
1 Year11.3%11.3%24.7%23.8%30.4%28.4%
3 Year-46.3%-46.9%3.5%1.1%25.9%19.9%
5 Year-41.6%-42.7%-30.3%-33.4%23.6%15.5%

Long-Term Price Volatility Vs. Market

How volatile is CMST DevelopmentLtd's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is CMST DevelopmentLtd undervalued compared to its fair value and its price relative to the market?

19.26x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 600787 (CN¥5.03) is trading above our estimate of fair value (CN¥2.75)

Significantly Below Fair Value: 600787 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 600787 is good value based on its PE Ratio (19.3x) compared to the CN Logistics industry average (26.4x).

PE vs Market: 600787 is good value based on its PE Ratio (19.3x) compared to the CN market (34.5x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 600787's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 600787 is good value based on its PB Ratio (0.9x) compared to the CN Logistics industry average (2.4x).


Future Growth

How is CMST DevelopmentLtd forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

22.4%

Forecasted Transportation industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as CMST DevelopmentLtd has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has CMST DevelopmentLtd performed over the past 5 years?

-15.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 600787 has a large one-off gain of CN¥580.7M impacting its December 31 2020 financial results.

Growing Profit Margin: 600787's current net profit margins (1.2%) are higher than last year (0.7%).


Past Earnings Growth Analysis

Earnings Trend: 600787's earnings have declined by 15.9% per year over the past 5 years.

Accelerating Growth: 600787's earnings growth over the past year (102.7%) exceeds its 5-year average (-15.9% per year).

Earnings vs Industry: 600787 earnings growth over the past year (102.7%) exceeded the Logistics industry 4.8%.


Return on Equity

High ROE: 600787's Return on Equity (4.4%) is considered low.


Financial Health

How is CMST DevelopmentLtd's financial position?


Financial Position Analysis

Short Term Liabilities: 600787's short term assets (CN¥9.2B) exceed its short term liabilities (CN¥7.5B).

Long Term Liabilities: 600787's short term assets (CN¥9.2B) exceed its long term liabilities (CN¥1.5B).


Debt to Equity History and Analysis

Debt Level: 600787's debt to equity ratio (24.8%) is considered satisfactory.

Reducing Debt: 600787's debt to equity ratio has reduced from 41.5% to 24.8% over the past 5 years.

Debt Coverage: 600787's debt is well covered by operating cash flow (38.6%).

Interest Coverage: 600787 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is CMST DevelopmentLtd current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 600787's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 600787's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 600787's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 600787's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 600787 is not paying a notable dividend for the CN market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 600787's dividend in 3 years as they are not forecast to pay a notable one for the CN market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

8.5yrs

Average management tenure


CEO

Xiao Hong Zhao (54 yo)

no data

Tenure

Mr. Xiao Hong Zhao serves as President and Director at CMST Development Co.,Ltd., (alternate name Zhongchu Development Stock Co., Ltd. ). Mr. Zhao served as Deputy General Manager of Zhongchu Development S...


Leadership Team

Experienced Management: 600787's management team is seasoned and experienced (8.5 years average tenure).


Board Members

Experienced Board: 600787's board of directors are seasoned and experienced ( 16.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

CMST Development Co.,Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: CMST Development Co.,Ltd.
  • Ticker: 600787
  • Exchange: SHSE
  • Founded: 1996
  • Industry: Air Freight and Logistics
  • Sector: Transportation
  • Market Cap: CN¥11.065b
  • Shares outstanding: 2.20b
  • Website: https://www.cmstd.com.cn

Number of Employees


Location

  • CMST Development Co.,Ltd.
  • 18th Building of 6th Section
  • No. 188 Western Rd of S. 4th Ring Rd
  • Beijing
  • 100070
  • China

Listings


Biography

CMST Development Co.,Ltd. provides warehouse logistics services in China, rest of Asia, Europe, and the United States. The company offers logistics services for futures and spot delivery of commodities; ci...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/11 09:00
End of Day Share Price2021/04/09 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.