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COSCO SHIPPING Energy Transportation

DB:HIFH
Snowflake Description

Good value with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HIFH
DB
HK$26B
Market Cap
  1. Home
  2. DE
  3. Transportation
Company description

COSCO SHIPPING Energy Transportation Co., Ltd., an investment holding company, engages in the shipment of oil, liquefied natural gas (LNG), and chemicals along the coast of the People’s Republic of China and internationally. The last earnings update was 78 days ago. More info.


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HIFH Share Price and Events
7 Day Returns
4.3%
DB:HIFH
-0.7%
Europe Shipping
-1%
DE Market
1 Year Returns
41.9%
DB:HIFH
-4.1%
Europe Shipping
-6.2%
DE Market
HIFH Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
COSCO SHIPPING Energy Transportation (HIFH) 4.3% 8.6% -9.3% 41.9% -0.2% 13.5%
Europe Shipping -0.7% 7.1% -3.4% -4.1% 6.7% -22.8%
DE Market -1% 2.1% -1.8% -6.2% 10.4% 12.6%
1 Year Return vs Industry and Market
  • HIFH outperformed the Shipping industry which returned -4.1% over the past year.
  • HIFH outperformed the Market in Germany which returned -6.2% over the past year.
Price Volatility
HIFH
Industry
5yr Volatility vs Market

HIFH Value

 Is COSCO SHIPPING Energy Transportation undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of COSCO SHIPPING Energy Transportation to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for COSCO SHIPPING Energy Transportation.

DB:HIFH Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.6%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:HIFH
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Shipping Unlevered Beta Simply Wall St/ S&P Global 0.71
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.712 (1 + (1- 25%) (122.21%))
1.244
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.24
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.244 * 5.96%)
7.64%

Discounted Cash Flow Calculation for DB:HIFH using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for COSCO SHIPPING Energy Transportation is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:HIFH DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 7.64%)
2020 5,432.00 Analyst x1 5,046.30
2021 5,908.00 Analyst x1 5,098.79
2022 6,259.46 Est @ 5.95% 5,018.53
2023 6,524.39 Est @ 4.23% 4,859.52
2024 6,722.16 Est @ 3.03% 4,651.32
2025 6,869.40 Est @ 2.19% 4,415.69
2026 6,979.41 Est @ 1.6% 4,167.85
2027 7,062.43 Est @ 1.19% 3,917.97
2028 7,126.07 Est @ 0.9% 3,672.57
2029 7,175.89 Est @ 0.7% 3,435.65
Present value of next 10 years cash flows CN¥44,284.20
DB:HIFH DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥7,175.89 × (1 + 0.23%) ÷ (7.64% – 0.23%)
CN¥96,993.22
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥96,993.22 ÷ (1 + 7.64%)10
CN¥46,438.15
DB:HIFH Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥44,284.20 + CN¥46,438.15
CN¥90,722.36
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥90,722.36 / 4,032.03
CN¥204.51
DB:HIFH Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:1138)
1.137
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥22.5 x 1.137
HK$25.58
Non-primary Listing Adjustment Factor 1 share in DB:HIFH represents 0.11002x of SEHK:1138
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.11002x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 25.58 x 0.11002
€2.81
Value per share (EUR) From above. €2.81
Current discount Discount to share price of €0.51
= -1 x (€0.51 - €2.81) / €2.81
82.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price COSCO SHIPPING Energy Transportation is available for.
Intrinsic value
>50%
Share price is €0.51 vs Future cash flow value of €2.81
Current Discount Checks
For COSCO SHIPPING Energy Transportation to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • COSCO SHIPPING Energy Transportation's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • COSCO SHIPPING Energy Transportation's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for COSCO SHIPPING Energy Transportation's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are COSCO SHIPPING Energy Transportation's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:HIFH PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in CNY CN¥0.15
SEHK:1138 Share Price ** SEHK (2019-07-16) in HKD HK$4.59
SEHK:1138 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.88 CN¥4.04
Europe Shipping Industry PE Ratio Median Figure of 21 Publicly-Listed Shipping Companies 12.86x
Germany Market PE Ratio Median Figure of 419 Publicly-Listed Companies 19.92x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of COSCO SHIPPING Energy Transportation.

DB:HIFH PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1138 Share Price ÷ EPS (both in CNY)

= 4.04 ÷ 0.15

26.23x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • COSCO SHIPPING Energy Transportation is overvalued based on earnings compared to the Europe Shipping industry average.
  • COSCO SHIPPING Energy Transportation is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does COSCO SHIPPING Energy Transportation's expected growth come at a high price?
Raw Data
DB:HIFH PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 26.23x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
49.7%per year
Europe Shipping Industry PEG Ratio Median Figure of 12 Publicly-Listed Shipping Companies 0.89x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

DB:HIFH PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 26.23x ÷ 49.7%

0.53x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • COSCO SHIPPING Energy Transportation is good value based on expected growth next year.
Price based on value of assets
What value do investors place on COSCO SHIPPING Energy Transportation's assets?
Raw Data
DB:HIFH PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in CNY CN¥6.94
SEHK:1138 Share Price * SEHK (2019-07-16) in HKD HK$4.59
SEHK:1138 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.88 CN¥4.04
Europe Shipping Industry PB Ratio Median Figure of 30 Publicly-Listed Shipping Companies 0.77x
Germany Market PB Ratio Median Figure of 565 Publicly-Listed Companies 1.75x
DB:HIFH PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1138 Share Price ÷ Book Value per Share (both in CNY)

= 4.04 ÷ 6.94

0.58x

* Primary Listing of COSCO SHIPPING Energy Transportation.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • COSCO SHIPPING Energy Transportation is good value based on assets compared to the Europe Shipping industry average.
X
Value checks
We assess COSCO SHIPPING Energy Transportation's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Shipping industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Shipping industry average (and greater than 0)? (1 check)
  5. COSCO SHIPPING Energy Transportation has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

HIFH Future Performance

 How is COSCO SHIPPING Energy Transportation expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
49.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is COSCO SHIPPING Energy Transportation expected to grow at an attractive rate?
  • COSCO SHIPPING Energy Transportation's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • COSCO SHIPPING Energy Transportation's earnings growth is expected to exceed the Germany market average.
  • COSCO SHIPPING Energy Transportation's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:HIFH Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:HIFH Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 49.7%
DB:HIFH Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 14.1%
Europe Shipping Industry Earnings Growth Rate Market Cap Weighted Average 20.1%
Europe Shipping Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:HIFH Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:HIFH Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 19,209 6,062 3,344 5
2020-12-31 16,530 5,133 2,487 4
2019-12-31 14,429 4,385 1,408 7
DB:HIFH Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-03-31 13,727 3,596 620
2018-12-31 12,286 2,238 105
2018-09-30 10,800 2,199 249
2018-06-30 9,791 1,970 697
2018-03-31 9,520 2,923 1,117
2017-12-31 9,778 3,553 1,766
2017-09-30 9,604 -312 950
2017-06-30 9,641 11,593 954
2017-03-31 11,475 11,427 1,939
2016-12-31 13,161 12,218 1,923
2016-09-30 15,423 17,232 2,045
2016-06-30 17,955 7,222 2,136

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • COSCO SHIPPING Energy Transportation's earnings are expected to grow significantly at over 20% yearly.
  • COSCO SHIPPING Energy Transportation's revenue is expected to grow by 14.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:HIFH Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from COSCO SHIPPING Energy Transportation Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:HIFH Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.83 0.89 0.77 2.00
2020-12-31 0.52 0.70 0.32 4.00
2019-12-31 0.35 0.41 0.29 3.00
DB:HIFH Past Financials Data
Date (Data in CNY Millions) EPS *
2019-03-31 0.15
2018-12-31 0.03
2018-09-30 0.06
2018-06-30 0.17
2018-03-31 0.28
2017-12-31 0.44
2017-09-30 0.24
2017-06-30 0.24
2017-03-31 0.48
2016-12-31 0.48
2016-09-30 0.51
2016-06-30 0.53

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • COSCO SHIPPING Energy Transportation is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess COSCO SHIPPING Energy Transportation's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
COSCO SHIPPING Energy Transportation has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

HIFH Past Performance

  How has COSCO SHIPPING Energy Transportation performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare COSCO SHIPPING Energy Transportation's growth in the last year to its industry (Shipping).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • COSCO SHIPPING Energy Transportation has delivered over 20% year on year earnings growth in the past 5 years.
  • COSCO SHIPPING Energy Transportation's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • COSCO SHIPPING Energy Transportation's 1-year earnings growth is negative, it can't be compared to the Europe Shipping industry average.
Earnings and Revenue History
COSCO SHIPPING Energy Transportation's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from COSCO SHIPPING Energy Transportation Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:HIFH Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 13,727.28 619.70 808.92 0.07
2018-12-31 12,286.00 105.13 784.97 0.07
2018-09-30 10,799.89 248.82 727.74 0.05
2018-06-30 9,790.53 697.41 713.61 0.05
2018-03-31 9,520.09 1,116.74 685.82 0.05
2017-12-31 9,778.39 1,766.34 657.43 0.05
2017-09-30 9,604.01 950.30 674.96
2017-06-30 9,640.88 953.74 678.92
2017-03-31 11,474.57 1,939.28 780.33
2016-12-31 13,160.72 1,922.51 863.24
2016-09-30 15,422.88 2,044.97 844.83
2016-06-30 17,954.78 2,135.94 917.84
2016-03-31 19,007.27 1,634.02 866.41
2015-12-31 17,577.54 1,153.61 778.80
2015-09-30 15,850.67 1,554.14 649.68
2015-06-30 14,268.68 1,106.41 569.28
2015-03-31 12,061.22 324.98 484.54
2014-12-31 12,333.82 310.97 485.25
2014-09-30 12,690.08 -1,017.89 513.23
2014-06-30 12,463.65 -1,307.25 508.83
2014-03-31 11,952.72 -1,762.29 498.21
2013-12-31 11,392.04 -2,298.40 491.88
2013-09-30 10,842.84 -719.80 458.28
2013-06-30 10,730.67 -382.42 464.33
2013-03-31 11,051.00 -89.71 469.76
2012-12-31 11,156.65 73.74 466.67
2012-09-30 11,471.13 -154.70 473.14

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • COSCO SHIPPING Energy Transportation has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • COSCO SHIPPING Energy Transportation used its assets less efficiently than the Europe Shipping industry average last year based on Return on Assets.
  • COSCO SHIPPING Energy Transportation's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess COSCO SHIPPING Energy Transportation's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Shipping industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
COSCO SHIPPING Energy Transportation has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

HIFH Health

 How is COSCO SHIPPING Energy Transportation's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up COSCO SHIPPING Energy Transportation's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • COSCO SHIPPING Energy Transportation's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • COSCO SHIPPING Energy Transportation's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of COSCO SHIPPING Energy Transportation's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from COSCO SHIPPING Energy Transportation Company Filings, last reported 3 months ago.

DB:HIFH Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 29,123.02 25,477.21 4,157.06
2018-12-31 29,272.20 30,165.01 3,468.78
2018-09-30 29,017.73 30,007.45 4,089.59
2018-06-30 28,596.15 30,166.83 4,653.67
2018-03-31 28,242.91 23,021.62 4,640.25
2017-12-31 28,265.49 28,559.10 5,011.36
2017-09-30 27,638.42 30,798.10 6,317.12
2017-06-30 27,313.26 29,616.22 6,471.52
2017-03-31 27,955.76 27,847.28 6,398.36
2016-12-31 27,588.05 26,034.88 6,409.20
2016-09-30 26,798.30 27,785.26 9,615.32
2016-06-30 26,473.59 38,662.77 4,405.59
2016-03-31 26,378.24 39,396.62 3,341.52
2015-12-31 32,570.09 49,118.17 4,908.98
2015-09-30 26,519.31 38,881.45 2,145.96
2015-06-30 25,963.43 38,422.51 2,347.30
2015-03-31 26,722.97 37,441.32 2,565.59
2014-12-31 22,647.73 41,098.13 3,088.01
2014-09-30 22,081.77 39,726.40 2,657.59
2014-06-30 22,105.44 39,045.30 3,509.67
2014-03-31 22,326.89 31,013.91 1,660.37
2013-12-31 22,211.88 33,159.81 1,946.88
2013-09-30 23,137.87 32,285.85 1,875.20
2013-06-30 23,357.51 31,163.07 2,368.74
2013-03-31 23,899.17 29,634.34 2,155.75
2012-12-31 24,385.56 31,154.55 3,285.74
2012-09-30 25,208.01 36,379.14 4,111.19
  • COSCO SHIPPING Energy Transportation's level of debt (87.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (139.3% vs 87.5% today).
  • Debt is not well covered by operating cash flow (14.1%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.5x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess COSCO SHIPPING Energy Transportation's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. COSCO SHIPPING Energy Transportation has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

HIFH Dividends

 What is COSCO SHIPPING Energy Transportation's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.5%
Current annual income from COSCO SHIPPING Energy Transportation dividends. Estimated to be 3.73% next year.
If you bought €2,000 of COSCO SHIPPING Energy Transportation shares you are expected to receive €10 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • COSCO SHIPPING Energy Transportation's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • COSCO SHIPPING Energy Transportation's dividend is below the markets top 25% of dividend payers in Germany (3.82%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:HIFH Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
Europe Shipping Industry Average Dividend Yield Market Cap Weighted Average of 18 Stocks 2.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:HIFH Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.23 1.00
2020-12-31 0.15 3.00
2019-12-31 0.11 2.00
DB:HIFH Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-04-25 0.020 0.517
2018-07-05 0.050 1.423
2017-03-28 0.190 5.283
2016-05-20 0.100 2.559
2015-04-30 0.030 0.696
2013-10-29 0.000 0.000
2013-08-19 0.000 0.000
2013-04-26 0.000 0.000
2013-04-12 0.000 0.000
2012-03-15 0.100 3.102
2011-03-16 0.170 3.460
2010-08-18 0.100 1.123
2010-03-29 0.100 1.041
2009-03-18 0.300 3.124

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • COSCO SHIPPING Energy Transportation is not paying a notable dividend for Germany, therefore no need to check if the payments are stable.
  • COSCO SHIPPING Energy Transportation is not paying a notable dividend for Germany, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of COSCO SHIPPING Energy Transportation's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of COSCO SHIPPING Energy Transportation's dividends as it is not paying a notable one for Germany.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.8x coverage).
X
Income/ dividend checks
We assess COSCO SHIPPING Energy Transportation's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can COSCO SHIPPING Energy Transportation afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. COSCO SHIPPING Energy Transportation has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

HIFH Management

 What is the CEO of COSCO SHIPPING Energy Transportation's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Maijin Zhu
AGE 49
TENURE AS CEO 0.3 years
CEO Bio

Mr. Maijin Zhu serves as the President of COSCO SHIPPING Energy Transportation Co., Ltd. and has been its General Manager since April 23, 2019 and Executive Director since June 10, 2019. Mr. Zhu joined COSCO SHIPPING in July 1996 and has since served as the deputy general manager (acting general manager), general manager of the maritime management department and assistant to general manager of China Shipping Development Co., Ltd. Tanker Company, vice general manager of China Shipping Tanker Company Limited and general manager of COSCO SHIPPING Tanker (Shanghai) Co., Ltd. Mr. Zhu holds a master’s degree in management from Dalian Maritime University and is a senior captain.

CEO Compensation
  • Insufficient data for Maijin to compare compensation growth.
  • Insufficient data for Maijin to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the COSCO SHIPPING Energy Transportation management team in years:

1.9
Average Tenure
49
Average Age
  • The average tenure for the COSCO SHIPPING Energy Transportation management team is less than 2 years, this suggests a new team.
Management Team

Maijin Zhu

TITLE
President
AGE
49
TENURE
0.3 yrs

Yongmin Xiang

TITLE
Chief Financial Officer
AGE
57
TENURE
1.9 yrs

Zhuoqiong Li

TITLE
Chief Law Officer & Secretary of Board
AGE
46

Zhijuan An

TITLE
Supervisor
AGE
41
TENURE
3.1 yrs

Qiaohong Yao

TITLE
Company Secretary
AGE
50
Board of Directors Tenure

Average tenure and age of the COSCO SHIPPING Energy Transportation board of directors in years:

3
Average Tenure
52
Average Age
  • The tenure for the COSCO SHIPPING Energy Transportation board of directors is about average.
Board of Directors

Hanbo Liu

TITLE
Chairman
COMPENSATION
CN¥2M
AGE
60
TENURE
0.3 yrs

Maijin Zhu

TITLE
President
AGE
49
TENURE
0.1 yrs

Zhijuan An

TITLE
Supervisor
AGE
41
TENURE
3 yrs

Yongping Ruan

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥150K
AGE
46
TENURE
5.3 yrs

Eric Ip

TITLE
Independent Non Executive Director
COMPENSATION
CN¥300K
AGE
66
TENURE
5.1 yrs

Meng Rui

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥300K
AGE
52
TENURE
4.1 yrs

Yi Weng

TITLE
Chairman of Supervisor Committee
AGE
52

Siong Seng Teo

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥300K
AGE
64
TENURE
3.6 yrs

Boming Feng

TITLE
Non-Executive Director
AGE
50
TENURE
2.8 yrs

Honghua Lin

TITLE
Non-Executive Director
AGE
55
TENURE
2.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
27. Jun 19 Sell Eastspring Investments (Singapore) Limited Company 26. Jun 19 26. Jun 19 -454,000 €0.53 €-240,617
12. Jun 19 Buy Eastspring Investments (Singapore) Limited Company 10. Jun 19 10. Jun 19 506,000 €0.48 €243,335
10. May 19 Sell PPM America, Inc Company 07. May 19 07. May 19 -3,356,000 €0.59 €-1,981,857
18. Apr 19 Buy JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 15. Apr 19 15. Apr 19 7,494,436 €0.59 €4,417,857
15. Apr 19 Sell JPMorgan Chase & Co, Brokerage and Securities Investments Company 10. Apr 19 10. Apr 19 -106,428 €0.59 €-62,274
15. Apr 19 Sell JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 10. Apr 19 10. Apr 19 -1,502,000 €0.59 €-878,860
12. Apr 19 Buy JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 09. Apr 19 09. Apr 19 1,926,000 €0.56 €1,073,882
13. Mar 19 Sell JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 08. Mar 19 08. Mar 19 -1,505,985 €0.48 €-729,572
04. Mar 19 Sell JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 27. Feb 19 27. Feb 19 -2,708,000 €0.53 €-1,427,710
28. Feb 19 Buy JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 25. Feb 19 25. Feb 19 1,121,997 €0.54 €607,651
06. Feb 19 Buy BlackRock, Inc. Company 01. Feb 19 01. Feb 19 840,000 €0.49 €414,329
14. Dec 18 Sell JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 11. Dec 18 11. Dec 18 -1,795,987 €0.47 €-836,763
07. Dec 18 Buy JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 04. Dec 18 04. Dec 18 1,096,000 €0.51 €554,706
05. Dec 18 Sell BlackRock, Inc. Company 30. Nov 18 30. Nov 18 -7,552,000 €0.48 €-3,594,257
20. Nov 18 Sell JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 15. Nov 18 15. Nov 18 -4,364,006 €0.48 €-2,076,135
29. Oct 18 Buy JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 24. Oct 18 24. Oct 18 570,309 €0.46 €264,908
25. Oct 18 Sell JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 22. Oct 18 22. Oct 18 -178,000 €0.47 €-84,049
12. Oct 18 Buy JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 09. Oct 18 09. Oct 18 1,424,000 €0.48 €688,909
15. Oct 18 Sell JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 10. Oct 18 10. Oct 18 -1,808,000 €0.48 €-865,987
X
Management checks
We assess COSCO SHIPPING Energy Transportation's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. COSCO SHIPPING Energy Transportation has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

HIFH News

Simply Wall St News

HIFH Company Info

Description

COSCO SHIPPING Energy Transportation Co., Ltd., an investment holding company, engages in the shipment of oil, liquefied natural gas (LNG), and chemicals along the coast of the People’s Republic of China and internationally. It operates through Oil Shipment and Others segments. The company also engages in the chartering of vessels; shipment of liquefied petroleum gas; and provision of agency services. As of December 31, 2018, it owned 151 oil tankers with a total capacity of 21.88 million deadweight tons; and 26 LNG vessels with a shipping capacity of 4,350,000 cubic meters. The company was formerly known as China Shipping Development Company Limited and changed its name to COSCO SHIPPING Energy Transportation Co., Ltd. in October 2016. The company was founded in 1994 and is headquartered in Shanghai, the People’s Republic of China. COSCO SHIPPING Energy Transportation Co., Ltd. is a subsidiary of China Shipping Group Company Limited.

Details
Name: COSCO SHIPPING Energy Transportation Co., Ltd.
HIFH
Exchange: DB
Founded: 1994
HK$2,963,173,166
4,032,032,861
Website: http://www.coscoshippingenergy.com
Address: COSCO SHIPPING Energy Transportation Co., Ltd.
670 Dongdaming Road,
7th floor,
Shanghai,
200080,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1138 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong Ltd. HK HKD 15. Nov 1994
OTCPK CSDX.F Foreign Shares-Foreign Listed Pink Sheets LLC US USD 15. Nov 1994
DB HIFH Foreign Shares-Foreign Listed Deutsche Boerse AG DE EUR 15. Nov 1994
SHSC 1138 Foreign Shares-Foreign Listed Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 15. Nov 1994
SZSC 1138 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 15. Nov 1994
SHSE 600026 Domestic Shares Shanghai Stock Exchange CN CNY 23. May 2002
XSSC 600026 Domestic Shares Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect CN CNY 23. May 2002
Number of employees
Current staff
Staff numbers
0
COSCO SHIPPING Energy Transportation employees.
Industry
Marine
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/16 20:49
End of day share price update: 2019/07/16 00:00
Last estimates confirmation: 2019/07/12
Last earnings filing: 2019/04/29
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.