CSSC (Hong Kong) Shipping Company Limited

DB:3LL Stock Report

Market Cap: €1.2b

CSSC (Hong Kong) Shipping Valuation

Is 3LL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 3LL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 3LL (€0.18) is trading below our estimate of fair value (€0.3)

Significantly Below Fair Value: 3LL is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3LL?

Key metric: As 3LL is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 3LL. This is calculated by dividing 3LL's market cap by their current earnings.
What is 3LL's PE Ratio?
PE Ratio4.6x
EarningsHK$2.14b
Market CapHK$9.80b

Price to Earnings Ratio vs Peers

How does 3LL's PE Ratio compare to its peers?

The above table shows the PE ratio for 3LL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average20.9x
GLJ Grenke
9.6x25.2%€713.0m
ALG ALBIS Leasing
13.2x9.9%€58.5m
HYQ Hypoport
47x30.4%€1.4b
ARLN Aareal Bank
13.7x24.6%€2.0b
3LL CSSC (Hong Kong) Shipping
4.6x7.3%€9.8b

Price-To-Earnings vs Peers: 3LL is good value based on its Price-To-Earnings Ratio (4.6x) compared to the peer average (20.9x).

Price to Earnings Ratio vs Industry

How does 3LL's PE Ratio compare vs other companies in the European Diversified Financial Industry?

7 CompaniesPrice / EarningsEstimated GrowthMarket Cap
3LL 4.6xIndustry Avg. 10.7xNo. of Companies14PE01020304050+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 3LL is good value based on its Price-To-Earnings Ratio (4.6x) compared to the European Diversified Financial industry average (10.7x).

Price to Earnings Ratio vs Fair Ratio

What is 3LL's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

3LL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio4.6x
Fair PE Ratio14.8x

Price-To-Earnings vs Fair Ratio: 3LL is good value based on its Price-To-Earnings Ratio (4.6x) compared to the estimated Fair Price-To-Earnings Ratio (14.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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