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Orient Overseas (International)

DB:ORI1
Snowflake Description

Reasonable growth potential and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ORI1
DB
HK$27B
Market Cap
  1. Home
  2. DE
  3. Transportation
Company description

Orient Overseas (International) Limited, an investment holding company, provides container transport and logistics services in Asia, Europe, Australia, North America, and internationally. The last earnings update was 82 days ago. More info.


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ORI1 Share Price and Events
7 Day Returns
-0.8%
DB:ORI1
-2.5%
Europe Shipping
-1.8%
DE Market
1 Year Returns
-42.8%
DB:ORI1
-5.7%
Europe Shipping
-6.7%
DE Market
ORI1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Orient Overseas (International) (ORI1) -0.8% 1% -14.8% -42.8% 51.6% 34.7%
Europe Shipping -2.5% 6.9% -2.8% -5.7% 5.3% -23.5%
DE Market -1.8% 1.6% -1.6% -6.7% 10.1% 11%
1 Year Return vs Industry and Market
  • ORI1 underperformed the Shipping industry which returned -5.7% over the past year.
  • ORI1 underperformed the Market in Germany which returned -6.7% over the past year.
Price Volatility
ORI1
Industry
5yr Volatility vs Market

Value

 Is Orient Overseas (International) 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 Orient Overseas (International) 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 Orient Overseas (International).

DB:ORI1 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.5%
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:ORI1
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6.7%
Shipping Unlevered Beta Simply Wall St/ S&P Global 0.71
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.711 (1 + (1- 25%) (122.38%))
1.243
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% + (1.243 * 6.65%)
8.5%

Discounted Cash Flow Calculation for DB:ORI1 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Orient Overseas (International) 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:ORI1 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.5%)
2020 477.50 Analyst x2 440.10
2021 1,197.00 Analyst x1 1,016.85
2022 1,587.07 Est @ 32.59% 1,242.63
2023 1,950.19 Est @ 22.88% 1,407.36
2024 2,263.87 Est @ 16.08% 1,505.78
2025 2,520.30 Est @ 11.33% 1,545.06
2026 2,721.87 Est @ 8% 1,537.94
2027 2,876.11 Est @ 5.67% 1,497.82
2028 2,992.16 Est @ 4.04% 1,436.22
2029 3,078.72 Est @ 2.89% 1,362.04
Present value of next 10 years cash flows $12,991.82
DB:ORI1 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $3,078.72 × (1 + 0.23%) ÷ (8.5% – 0.23%)
$37,316.64
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $37,316.64 ÷ (1 + 8.5%)10
$16,509.06
DB:ORI1 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $12,991.82 + $16,509.06
$29,500.88
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $29,500.88 / 625.79
$416.13
DB:ORI1 Discount to Share Price
Calculation Result
Exchange Rate USD/HKD
(Reporting currency to currency of SEHK:316)
7.827
Value per Share
(HKD)
= Value per Share in USD x Exchange Rate (USD/HKD)
= $47.14 x 7.827
HK$368.96
Non-primary Listing Adjustment Factor 1 share in DB:ORI1 represents 0.11329x of SEHK:316
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.11329x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 368.96 x 0.11329
€41.80
Value per share (EUR) From above. €41.80
Current discount Discount to share price of €4.86
= -1 x (€4.86 - €41.80) / €41.80
88.4%

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

Current Discount
Amount off the current price Orient Overseas (International) is available for.
Intrinsic value
>50%
Share price is €4.86 vs Future cash flow value of €41.8
Current Discount Checks
For Orient Overseas (International) to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Orient Overseas (International)'s share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Orient Overseas (International)'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 Orient Overseas (International)'s earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Orient Overseas (International)'s earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:ORI1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.12
SEHK:316 Share Price ** SEHK (2019-07-15) in HKD HK$42.9
SEHK:316 Share Price converted to USD reporting currency Exchange rate (HKD/ USD) 0.128 $5.48
Europe Shipping Industry PE Ratio Median Figure of 21 Publicly-Listed Shipping Companies 12.72x
Germany Market PE Ratio Median Figure of 419 Publicly-Listed Companies 20.05x

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

** Primary Listing of Orient Overseas (International).

DB:ORI1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:316 Share Price ÷ EPS (both in USD)

= 5.48 ÷ 0.12

45.46x

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

  • Orient Overseas (International) is overvalued based on earnings compared to the Europe Shipping industry average.
  • Orient Overseas (International) is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Orient Overseas (International)'s expected growth come at a high price?
Raw Data
DB:ORI1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 45.46x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
32.3%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 1.47x

*Line of best fit is calculated by linear regression .

DB:ORI1 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 45.46x ÷ 32.3%

1.41x

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

  • Orient Overseas (International) is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Orient Overseas (International)'s assets?
Raw Data
DB:ORI1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $7.57
SEHK:316 Share Price * SEHK (2019-07-15) in HKD HK$42.9
SEHK:316 Share Price converted to USD reporting currency Exchange rate (HKD/ USD) 0.128 $5.48
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 1.74x
DB:ORI1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:316 Share Price ÷ Book Value per Share (both in USD)

= 5.48 ÷ 7.57

0.72x

* Primary Listing of Orient Overseas (International).

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

  • Orient Overseas (International) is good value based on assets compared to the Europe Shipping industry average.
X
Value checks
We assess Orient Overseas (International)'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. Orient Overseas (International) has a total score of 3/6, 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.

Future Performance

 How is Orient Overseas (International) expected to perform in the next 1 to 3 years based on estimates from 4 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
32.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Orient Overseas (International) expected to grow at an attractive rate?
  • Orient Overseas (International)'s earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Orient Overseas (International)'s earnings growth is expected to exceed the Germany market average.
  • Orient Overseas (International)'s revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:ORI1 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:ORI1 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 32.3%
DB:ORI1 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 6%
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 5.1%

*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:ORI1 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:ORI1 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 7,779 1,216 268 3
2020-12-31 7,591 670 254 4
2019-12-31 6,921 2,112 211 3
DB:ORI1 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 6,573 453 75
2018-09-30 6,418 62
2018-06-30 6,391 352 39
2018-03-31 6,250 361 88
2017-12-31 5,982 370 147
2017-09-30 5,776 19
2017-06-30 5,570 283 -109
2017-03-31 5,434 176 -164
2016-12-31 5,298 68 -219
2016-09-30 5,384 113 -115
2016-06-30 5,470 157 -11
2016-03-31 5,712 307 136

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Orient Overseas (International)'s earnings are expected to grow significantly at over 20% yearly.
  • Orient Overseas (International)'s revenue is expected to grow by 6% 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:ORI1 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Orient Overseas (International) Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:ORI1 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.39 0.45 0.33 3.00
2020-12-31 0.36 0.47 0.23 4.00
2019-12-31 0.32 0.34 0.30 2.00
DB:ORI1 Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.12
2018-09-30 0.10
2018-06-30 0.06
2018-03-31 0.14
2017-12-31 0.24
2017-09-30 0.03
2017-06-30 -0.17
2017-03-31 -0.26
2016-12-31 -0.35
2016-09-30 -0.18
2016-06-30 -0.02
2016-03-31 0.22

*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.
  • Orient Overseas (International) is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Orient Overseas (International)'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.
Orient Overseas (International) 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.

Past Performance

  How has Orient Overseas (International) 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 Orient Overseas (International)'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.
  • Orient Overseas (International)'s year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Orient Overseas (International)'s 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Orient Overseas (International)'s 1-year earnings growth is negative, it can't be compared to the Europe Shipping industry average.
Earnings and Revenue History
Orient Overseas (International)'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 Orient Overseas (International) Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:ORI1 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 6,572.66 75.45 550.73
2018-09-30 6,418.45 62.03 528.28
2018-06-30 6,390.91 38.83 533.79
2018-03-31 6,249.63 88.24 510.55
2017-12-31 5,981.68 147.44 459.33
2017-09-30 5,775.68 19.01 462.30
2017-06-30 5,569.69 -109.43 465.27
2017-03-31 5,433.69 -164.32 467.08
2016-12-31 5,297.69 -219.22 468.90
2016-09-30 5,383.73 -115.33 567.93
2016-06-30 5,469.77 -11.44 666.97
2016-03-31 5,711.61 136.21 554.44
2015-12-31 5,953.44 283.85 441.92
2015-09-30 6,140.98 305.86 437.18
2015-06-30 6,328.52 327.87 432.45
2015-03-31 6,425.05 299.21 432.45
2014-12-31 6,521.59 270.54 432.45
2014-09-30 6,482.71 257.07 423.68
2014-06-30 6,443.83 243.60 414.91
2014-03-31 6,337.70 145.32 414.91
2013-12-31 6,231.58 47.04 414.91
2013-09-30 6,296.95 105.31 222.10
2013-06-30 6,362.32 163.59 29.28
2013-03-31 6,410.69 229.49 29.28
2012-12-31 6,459.06 295.39 29.28

*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.
  • Orient Overseas (International) has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Orient Overseas (International) used its assets less efficiently than the Europe Shipping industry average last year based on Return on Assets.
  • Orient Overseas (International)'s use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Orient Overseas (International)'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.
Orient Overseas (International) has a total score of 0/6, 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.

Health

 How is Orient Overseas (International)'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 Orient Overseas (International)'s finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Orient Overseas (International) is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Orient Overseas (International)'s long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Orient Overseas (International)'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 0.8x 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 Orient Overseas (International) Company Filings, last reported 6 months ago.

DB:ORI1 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 4,735.13 1,758.98 1,996.29
2018-09-30 4,735.13 1,758.98 1,996.29
2018-06-30 4,636.55 1,822.72 1,919.40
2018-03-31 4,636.55 1,822.72 1,919.40
2017-12-31 4,682.51 2,097.42 2,252.74
2017-09-30 4,682.51 2,097.42 2,252.74
2017-06-30 4,592.05 2,123.79 2,106.21
2017-03-31 4,592.05 2,123.79 2,106.21
2016-12-31 4,519.29 2,198.41 1,990.22
2016-09-30 4,519.29 2,198.41 1,990.22
2016-06-30 4,688.36 2,250.79 2,100.96
2016-03-31 4,688.36 2,250.79 2,100.96
2015-12-31 4,797.51 2,293.94 2,330.70
2015-09-30 4,797.51 2,293.94 2,330.70
2015-06-30 4,838.60 2,490.30 2,493.14
2015-03-31 4,838.60 2,490.30 2,493.14
2014-12-31 4,634.75 2,372.64 2,414.13
2014-09-30 4,634.75 2,372.64 2,414.13
2014-06-30 4,592.96 2,011.33 2,179.82
2014-03-31 4,592.96 2,011.33 2,179.82
2013-12-31 4,476.62 2,163.06 2,130.33
2013-09-30 4,476.62 2,163.06 2,130.33
2013-06-30 4,417.51 1,829.07 2,100.90
2013-03-31 4,417.51 1,829.07 2,100.90
2012-12-31 4,487.59 1,607.89 2,067.08
  • Orient Overseas (International)'s level of debt (88.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (79% vs 88.7% today).
  • Debt is not well covered by operating cash flow (10.8%, 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 Orient Overseas (International)'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. Orient Overseas (International) 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.

Dividends

 What is Orient Overseas (International)'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
1.4%
Current annual income from Orient Overseas (International) dividends. Estimated to be 1.73% next year.
If you bought €2,000 of Orient Overseas (International) shares you are expected to receive €28 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?
  • Orient Overseas (International)'s pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.48%).
  • Orient Overseas (International)'s dividend is below the markets top 25% of dividend payers in Germany (3.85%).
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:ORI1 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 4 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 3.9%

Industry and Market average data is calculated daily.

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

DB:ORI1 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.12 3.00
2020-12-31 0.08 3.00
2019-12-31 0.08 2.00
DB:ORI1 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-04-24 0.077 1.276
2019-03-25 0.077 1.200
2018-04-06 0.021 0.297
2018-03-12 0.021 0.233
2017-08-30 0.021 0.226
2017-08-07 0.021 0.233
2017-04-03 0.000 0.000
2017-03-13 0.000 0.000
2016-09-01 0.000 0.000
2016-08-08 0.000 0.000
2016-04-01 0.115 3.123
2016-03-07 0.115 3.020
2015-04-01 0.068 1.409
2015-03-09 0.068 1.091
2014-09-03 0.075 1.259
2014-08-11 0.075 1.253
2014-04-01 0.019 0.375
2014-03-10 0.019 0.410
2013-09-03 0.000 0.000
2013-08-07 0.000 0.000
2013-04-02 0.118 1.945
2013-03-07 0.118 1.733
2012-08-02 0.093 1.486
2012-03-12 0.000 0.000
2011-08-08 0.185 3.681
2011-03-14 0.460 6.159
2010-08-05 0.230 2.579
2010-04-26 0.000 0.000
2010-04-15 0.000 0.000
2010-03-19 0.000 0.000
2009-08-07 0.000 0.000
2009-03-19 0.110 3.024
2008-08-14 0.200 9.078

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Orient Overseas (International)'s earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.1x coverage).
X
Income/ dividend checks
We assess Orient Overseas (International)'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 Orient Overseas (International) afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Orient Overseas (International) has a total score of 2/6, see the detailed checks below.


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

Management

 What is the CEO of Orient Overseas (International)'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
Xiaowen Huang
COMPENSATION $0
AGE 57
TENURE AS CEO 0.9 years
CEO Bio

Mr. Xiaowen Huang is Executive Director and Chief Executive Officer of Orient Overseas (International) Limited since August 3, 2018. He is Vice Chairman and an Executive Director of COSCO SHIPPING Holdings Co., Ltd. (“COSCO SHIPPING Holdings”) since 2018. He has been an Executive Vice President of China Ocean Shipping (Group) Company since January 21, 2016. Mr. Huang has been Executive Vice President at China COSCO SHIPPING Corporation Limited since April 2012 and served as its Deputy General Manager. Mr. Huang serves as a Deputy General Manager and Member of The Party Group at China COSCO Shipping Corporation Limited. He served as the Executive Chairman and served as an Executive Director of COSCO SHIPPING Energy Transportation Co., Ltd. since October 10, 2017 until April 23, 2019. He has been a Member of The Party Group at China Shipping (Group) Company since May 2012. Mr. Huang served as an Executive Director of China Shipping Development Company Limited., from May 29, 2013 to September 19, 2016. He served as General Manager since January 26, 2006, Executive Deputy General Manager from 1997 to January 26, 2006 and Vice Party Secretary since January 2007 at China Shipping Container Lines Co. Ltd. He served as Managing Director of China Shipping Container Lines Co. Ltd. and served as its Deputy Managing Director. He began his career in the shipping industry in July 1981. Mr. Huang has more than 30 years of experience in the shipping industry. He was Container Business Adviser to Shanghai Haixing Shipping Company. Mr. Huang held the posts of the section chief of the Container Shipping Section of Guangzhou Ocean Shipping Company Limited, Deputy General Manager and General Manager of Container Transportation Department of China Ocean Shipping Company and the Deputy General Manager, Managing Director and the vice Party Secretary of CSCL. He has extensive knowledge relating to container shipping and is experienced in management. His bulk container technology was awarded the new Hong Kong product 2002 and the gold prize at the New Technology International Expo and received a practical new model patent from the International Intellectual Property Rights Bureau of the PRC. Mr. Huang served as the Chairman of the Board at COSCO SHIPPING Ports Limited (Formerly Cosco Pacific Ltd) from March 29, 2016 to April 25, 2019. Mr. Huang served as the Non-Executive Director at COSCO SHIPPING Ports Limited from March 29, 2016 to April 25, 2019. He serves as Chairman of China Shipping Agency Co. Ltd., China Shipping Logistics Co. Ltd. and China Shipping Terminal Development Co. Ltd. He has served as the Chairman of China Shipping Haisheng Co., Ltd. He has been the Vice Chairman and Executive Director at China COSCO Holdings Company Limited since May 24, 2016. He served as Vice Chairman of China Shipping Container Lines Company Limited (CSCL) and its Executive Director since February 18, 2005. He is the Chairman of the board of COSCO SHIPPING Bulk Co., Ltd., and a director of certain subsidiaries of China COSCO SHIPPING. Mr. Huang graduated in 1981 from Qingdao Academy of Seamen, majoring in vessel piloting. Mr. Huang graduated from China Europe International Business School (CEIBS) in September 2010 with an EMBA degree and he is a senior engineer.

CEO Compensation
  • Insufficient data for Xiaowen to compare compensation growth.
  • Xiaowen's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Orient Overseas (International) management team in years:

7.1
Average Tenure
55.5
Average Age
  • The average tenure for the Orient Overseas (International) management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Lirong Xu

TITLE
Chairman of the Board
AGE
62

Xiaowen Huang

TITLE
CEO & Executive Director
AGE
57
TENURE
0.9 yrs

Andrew Tung

TITLE
Executive Director
COMPENSATION
$629K
AGE
54
TENURE
7.7 yrs

Haimin Wang

TITLE
Executive Director
AGE
46

Wei Zhang

TITLE
Executive Director
AGE
46

Mingwen Zhang

TITLE
Chief Financial Officer
AGE
41
TENURE
0.9 yrs

Erxin Yao

TITLE
Director of Corporate Planning
AGE
61
TENURE
6.5 yrs

Lammy Lee

TITLE
Compliance Officer
AGE
57
TENURE
22.4 yrs

Vincent Fung

TITLE
Head of Internal Audit

Paul Mok

TITLE
Group Financial Controller
TENURE
11.1 yrs
Board of Directors Tenure

Average tenure and age of the Orient Overseas (International) board of directors in years:

0.9
Average Tenure
59
Average Age
  • The average tenure for the Orient Overseas (International) board of directors is less than 3 years, this suggests a new board.
Board of Directors

Lirong Xu

TITLE
Chairman of the Board
AGE
62
TENURE
0.9 yrs

Xiaowen Huang

TITLE
CEO & Executive Director
AGE
57
TENURE
0.9 yrs

Andrew Tung

TITLE
Executive Director
COMPENSATION
$629K
AGE
54
TENURE
7.7 yrs

Haimin Wang

TITLE
Executive Director
AGE
46
TENURE
0.9 yrs

Wei Zhang

TITLE
Executive Director
AGE
46
TENURE
0.9 yrs

Erxin Yao

TITLE
Director of Corporate Planning
AGE
61
TENURE
9.5 yrs

Philip Chow

TITLE
Independent Non-Executive Director
COMPENSATION
$97K
AGE
71
TENURE
4.5 yrs

Timpson Chung

TITLE
Independent Non-Executive Director
COMPENSATION
$27K
AGE
68
TENURE
0.9 yrs

Philip Yang

TITLE
Independent Non-Executive Director
COMPENSATION
$27K
AGE
71
TENURE
0.9 yrs

Ying Chen

TITLE
Independent Non-Executive Director
COMPENSATION
$24K
AGE
48
TENURE
0.9 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 (€)
22. Aug 18 Buy The Silk Road Fund Co Ltd. Company 17. Aug 18 17. Aug 18 38,513,150 €8.78 €338,207,573
17. Aug 18 Sell COSCO SHIPPING Holdings Co., Ltd. Company 17. Aug 18 17. Aug 18 -84,640,235 €8.78 €-743,277,776
07. Aug 18 Sell Simon Murray Individual 07. Aug 18 07. Aug 18 -10,000 €8.65 €-86,471
24. Jul 18 Buy COSCO SHIPPING Holdings Co., Ltd. Company 23. Jul 18 23. Jul 18 4,905,861 €8.57 €42,021,376
20. Jul 18 Buy COSCO SHIPPING Holdings Co., Ltd. Company 19. Jul 18 19. Jul 18 5,367,576 €8.64 €46,371,129
19. Jul 18 Buy COSCO SHIPPING Holdings Co., Ltd. Company 18. Jul 18 18. Jul 18 8,137,014 €8.61 €70,043,911
18. Jul 18 Buy COSCO SHIPPING Holdings Co., Ltd. Company 17. Jul 18 17. Jul 18 15,604,534 €8.57 €133,803,951
30. Jul 18 Buy COSCO SHIPPING Holdings Co., Ltd. Company 27. Jul 18 27. Jul 18 55,296,394 €8.60 €475,694,670
27. Jul 18 Sell Yiu Chow Individual 25. Jul 18 25. Jul 18 -153,100 €8.59 €-1,315,169
27. Jul 18 Buy COSCO SHIPPING Holdings Co., Ltd. Company 26. Jul 18 26. Jul 18 20,923,215 €8.59 €179,822,392
26. Jul 18 Sell Tai Cheung Holdings Limited Company 24. Jul 18 24. Jul 18 -79,227,432 €8.57 €-679,290,312
26. Jul 18 Sell The Bank of N.T. Butterfield & Son Limited Company 24. Jul 18 24. Jul 18 -350,722,656 €8.57 €-3,007,070,865
26. Jul 18 Buy COSCO SHIPPING Holdings Co., Ltd. Company 25. Jul 18 25. Jul 18 11,948,631 €8.59 €102,641,830
25. Jul 18 Buy COSCO SHIPPING Holdings Co., Ltd. Company 24. Jul 18 24. Jul 18 11,598,432 €8.57 €99,444,123
X
Management checks
We assess Orient Overseas (International)'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. Orient Overseas (International) 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.

News

Simply Wall St News

Company Info

Description

Orient Overseas (International) Limited, an investment holding company, provides container transport and logistics services in Asia, Europe, Australia, North America, and internationally. The company offers trunk and intermodal services; freight management services and IT solutions; supply-chain management and distribution services; and containerized shipping services in various trade lanes comprising Trans-Pacific, Trans-Atlantic, Asia/Europe, Asia/Australia, and Intra-Asia trades. The company is also involved in equipment owning and leasing, container depot and warehousing, portfolio investment, terminal operating, ship owning, cargo consolidation and forwarding, liner and freight agency, property owning, and ship management businesses; maintaining union office workers; providing corporate, labor, and trucking services; and operating vessels. It operates two container terminals, including Long Beach Container Terminal in California and Kaohsiung Container Terminal in Taiwan. The company is based in Wanchai, Hong Kong. As of July 27, 2018, Orient Overseas (International) Limited operates as a subsidiary of COSCO SHIPPING Holdings Co., Ltd.

Details
Name: Orient Overseas (International) Limited
ORI1
Exchange: DB
Founded:
HK$3,047,335,571
625,793,297
Website: http://www.ooilgroup.com
Address: Orient Overseas (International) Limited
Harbour Centre,
31st Floor,
Wanchai,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 316 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 07. Aug 1992
OTCPK OROV.F Ordinary Shares Pink Sheets LLC US USD 07. Aug 1992
DB ORI1 Ordinary Shares Deutsche Boerse AG DE EUR 07. Aug 1992
SHSC 316 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 07. Aug 1992
SZSC 316 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 07. Aug 1992
OTCPK OROV.Y ADR Pink Sheets LLC US USD 30. Oct 2008
Number of employees
Current staff
Staff numbers
10,321
Orient Overseas (International) employees.
Industry
Marine
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/15 21:28
End of day share price update: 2019/07/15 00:00
Last estimates confirmation: 2019/05/26
Last earnings filing: 2019/04/24
Last earnings reported: 2018/12/31
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.