Loading...

Qinhuangdao Port

DB:QHD
Snowflake Description

Undervalued with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
QHD
DB
HK$19B
Market Cap
  1. Home
  2. DE
  3. Transportation
Company description

Qinhuangdao Port Co., Ltd. operates ports in Mainland China. The last earnings update was 86 days ago. More info.


Add to Portfolio Compare Print
QHD Share Price and Events
7 Day Returns
-0.7%
DB:QHD
1.5%
DE Infrastructure
-0.7%
DE Market
1 Year Returns
-18%
DB:QHD
-6%
DE Infrastructure
-7.6%
DE Market
QHD Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Qinhuangdao Port (QHD) -0.7% -5.7% -16.3% -18% -42.6% -57%
DE Infrastructure 1.5% -2.1% 1.4% -6% 36.4% 42.1%
DE Market -0.7% -0.9% -3.8% -7.6% 8.2% 11.1%
1 Year Return vs Industry and Market
  • QHD underperformed the Infrastructure industry which returned -6% over the past year.
  • QHD underperformed the Market in Germany which returned -7.6% over the past year.
Price Volatility
QHD
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Qinhuangdao Port's competitors could be found in our database.

QHD Value

 Is Qinhuangdao Port 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 Qinhuangdao Port 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 Qinhuangdao Port.

DB:QHD Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.6%
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:QHD
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Infrastructure Unlevered Beta Simply Wall St/ S&P Global 0.84
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.839 (1 + (1- 25%) (41.42%))
1.067
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.07
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.067 * 5.96%)
6.59%

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

The calculations below outline how an intrinsic value for Qinhuangdao Port 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:QHD DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 6.59%)
2020 1,192.55 Est @ -23.02% 1,118.87
2021 1,001.16 Est @ -16.05% 881.26
2022 889.37 Est @ -11.17% 734.49
2023 820.47 Est @ -7.75% 635.72
2024 776.53 Est @ -5.35% 564.50
2025 747.96 Est @ -3.68% 510.13
2026 729.20 Est @ -2.51% 466.61
2027 716.90 Est @ -1.69% 430.39
2028 708.92 Est @ -1.11% 399.31
2029 703.89 Est @ -0.71% 371.97
Present value of next 10 years cash flows CN¥6,113.26
DB:QHD DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥703.89 × (1 + 0.23%) ÷ (6.59% – 0.23%)
CN¥11,096.63
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥11,096.63 ÷ (1 + 6.59%)10
CN¥5,864.09
DB:QHD Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥6,113.26 + CN¥5,864.09
CN¥11,977.35
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥11,977.35 / 5,587.41
CN¥2.14
DB:QHD Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:3369)
1.135
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥2.14 x 1.135
HK$2.43
Non-primary Listing Adjustment Factor 1 share in DB:QHD represents 0.1072x of SEHK:3369
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.1072x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 2.43 x 0.1072
€0.26
Value per share (EUR) From above. €0.26
Current discount Discount to share price of €0.16
= -1 x (€0.16 - €0.26) / €0.26
38.3%

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

Current Discount
Amount off the current price Qinhuangdao Port is available for.
Intrinsic value
38%
Share price is €0.1608 vs Future cash flow value of €0.26075
Current Discount Checks
For Qinhuangdao Port to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Qinhuangdao Port's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Qinhuangdao Port's share price is below the future cash flow value, but not 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 Qinhuangdao Port's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Qinhuangdao Port's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:QHD PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in CNY CN¥0.10
SEHK:3369 Share Price ** SEHK (2019-07-19) in HKD HK$1.5
SEHK:3369 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.881 CN¥1.32
Europe Infrastructure Industry PE Ratio Median Figure of 33 Publicly-Listed Infrastructure Companies 22.05x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.75x

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

** Primary Listing of Qinhuangdao Port.

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

= SEHK:3369 Share Price ÷ EPS (both in CNY)

= 1.32 ÷ 0.10

12.79x

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

  • Qinhuangdao Port is good value based on earnings compared to the Europe Infrastructure industry average.
  • Qinhuangdao Port is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Qinhuangdao Port's expected growth come at a high price?
Raw Data
DB:QHD PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.79x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
43.2%per year
Europe Infrastructure Industry PEG Ratio Median Figure of 21 Publicly-Listed Infrastructure Companies 2.63x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.44x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 12.79x ÷ 43.2%

0.3x

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

  • Qinhuangdao Port is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Qinhuangdao Port's assets?
Raw Data
DB:QHD PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in CNY CN¥2.51
SEHK:3369 Share Price * SEHK (2019-07-19) in HKD HK$1.5
SEHK:3369 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.881 CN¥1.32
Germany Infrastructure Industry PB Ratio Median Figure of 5 Publicly-Listed Infrastructure Companies 1.63x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.71x
DB:QHD PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:3369 Share Price ÷ Book Value per Share (both in CNY)

= 1.32 ÷ 2.51

0.53x

* Primary Listing of Qinhuangdao Port.

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

  • Qinhuangdao Port is good value based on assets compared to the DE Infrastructure industry average.
X
Value checks
We assess Qinhuangdao Port'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 Infrastructure 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 Infrastructure industry average (and greater than 0)? (1 check)
  5. Qinhuangdao Port has a total score of 5/6, 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.

QHD Future Performance

 How is Qinhuangdao Port expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
43.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Qinhuangdao Port expected to grow at an attractive rate?
  • Qinhuangdao Port's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Qinhuangdao Port's earnings growth is expected to exceed the Germany market average.
  • Qinhuangdao Port's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:QHD Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:QHD Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 43.2%
DB:QHD Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 3.3%
Germany Infrastructure Industry Earnings Growth Rate Market Cap Weighted Average 4.8%
Europe Infrastructure Industry Revenue Growth Rate Market Cap Weighted Average 2.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.5%
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:QHD Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:QHD Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 7,152 2,797 1,323 1
2019-12-31 6,945 2,358 997 1
DB:QHD Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-03-31 6,753 2,430 580
2018-12-31 6,877 2,697 810
2018-09-30 7,029 2,782 1,046
2018-06-30 7,151 3,026 1,078
2018-03-31 7,132 3,092 1,024
2017-12-31 7,033 2,903 963
2017-09-30 6,746 3,241 1,067
2017-06-30 5,916 2,411 845
2017-03-31 5,380 1,909 583
2016-12-31 4,911 1,489 365
2016-09-30 5,103 1,342 364
2016-06-30 5,804 1,467 554

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Qinhuangdao Port's earnings are expected to grow significantly at over 20% yearly.
  • Qinhuangdao Port's revenue is expected to grow by 3.3% 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:QHD 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 1 Analyst Estimates (S&P Global) See Below

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

DB:QHD Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.24 0.24 0.24 1.00
2019-12-31 0.18 0.18 0.18 1.00
DB:QHD Past Financials Data
Date (Data in CNY Millions) EPS *
2019-03-31 0.10
2018-12-31 0.15
2018-09-30 0.19
2018-06-30 0.20
2018-03-31 0.19
2017-12-31 0.18
2017-09-30 0.22
2017-06-30 0.17
2017-03-31 0.12
2016-12-31 0.07
2016-09-30 0.07
2016-06-30 0.11

*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.
  • Unable to establish if Qinhuangdao Port will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Qinhuangdao Port'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 Germany 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.
Qinhuangdao Port has a total score of 3/6, 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.

QHD Past Performance

  How has Qinhuangdao Port 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 Qinhuangdao Port's growth in the last year to its industry (Infrastructure).
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.
  • Qinhuangdao Port's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Qinhuangdao Port's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Qinhuangdao Port's 1-year earnings growth is negative, it can't be compared to the Europe Infrastructure industry average.
Earnings and Revenue History
Qinhuangdao Port'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 Qinhuangdao Port Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:QHD 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 6,752.53 580.24 1,034.18 11.74
2018-12-31 6,876.63 810.26 759.16 11.57
2018-09-30 7,029.20 1,046.22 800.61 13.80
2018-06-30 7,151.36 1,077.98 814.94 13.80
2018-03-31 7,132.46 1,024.33 880.08 13.80
2017-12-31 7,032.67 962.97 891.86 11.90
2017-09-30 6,745.82 1,066.74 798.96
2017-06-30 5,916.38 844.70 767.10
2017-03-31 5,380.47 583.03 701.62
2016-12-31 4,911.01 365.03 660.75
2016-09-30 5,103.17 364.13 784.93
2016-06-30 5,803.72 554.39 722.22
2016-03-31 6,346.81 949.44 753.78
2015-12-31 6,889.89 1,344.49 785.33
2015-09-30 7,044.40 1,670.08 786.30
2015-06-30 7,198.91 1,995.67 787.27
2015-03-31 7,211.01 1,987.91 785.07
2014-12-31 7,223.10 1,980.14 782.87
2014-09-30 7,262.18 1,733.90 775.89
2014-06-30 7,301.26 1,487.65 768.92
2014-03-31 7,245.22 1,626.01 777.38
2013-12-31 7,189.17 1,764.36 785.83
2013-09-30 6,902.74 1,811.89 802.36
2013-06-30 6,616.31 1,859.41 818.89
2013-03-31 6,433.24 1,632.68 780.27
2012-12-31 6,250.16 1,405.96 741.64

*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.
  • Qinhuangdao Port has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Qinhuangdao Port used its assets less efficiently than the Europe Infrastructure industry average last year based on Return on Assets.
  • Qinhuangdao Port's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Qinhuangdao Port'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 Infrastructure 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.
Qinhuangdao Port 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.

QHD Health

 How is Qinhuangdao Port'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 Qinhuangdao Port's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Qinhuangdao Port's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Qinhuangdao Port's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Qinhuangdao Port'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 0.5x 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 Qinhuangdao Port Company Filings, last reported 3 months ago.

DB:QHD Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 15,104.86 7,076.17 3,022.66
2018-12-31 14,988.46 7,432.29 2,607.07
2018-09-30 15,185.79 7,565.55 2,905.94
2018-06-30 14,969.49 7,662.15 2,737.15
2018-03-31 14,882.60 8,112.41 2,422.17
2017-12-31 14,570.56 8,124.01 2,083.29
2017-09-30 14,779.10 9,613.85 3,964.56
2017-06-30 13,294.48 10,526.10 2,924.76
2017-03-31 12,960.51 11,962.15 2,823.54
2016-12-31 12,665.65 11,266.40 1,857.03
2016-09-30
2016-06-30 12,438.51 11,658.28 2,636.99
2016-03-31 12,438.51 11,658.28 2,636.99
2015-12-31 13,040.90 11,584.95 2,483.30
2015-09-30 13,040.90 11,584.95 2,483.30
2015-06-30 12,643.63 11,238.18 3,724.54
2015-03-31 12,643.63 11,238.18 3,724.54
2014-12-31 13,417.78 11,010.09 3,095.48
2014-09-30 13,417.78 11,010.09 3,095.48
2014-06-30 12,387.66 12,355.84 5,824.46
2014-03-31 12,387.66 12,355.84 5,824.46
2013-12-31 13,048.92 10,763.46 5,945.27
2013-09-30 13,048.92 10,763.46 5,945.27
2013-06-30 10,541.61 10,127.30 2,524.07
2013-03-31 10,541.61 10,127.30 2,524.07
2012-12-31 10,429.53 9,919.61 3,492.89
  • Qinhuangdao Port's level of debt (46.8%) 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 (99.7% vs 46.8% today).
  • Debt is well covered by operating cash flow (34.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7.2x coverage).
X
Financial health checks
We assess Qinhuangdao Port'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. Qinhuangdao Port has a total score of 3/6, 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.

QHD Dividends

 What is Qinhuangdao Port'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
5.82%
Current annual income from Qinhuangdao Port dividends. Estimated to be 6.05% next year.
If you bought €2,000 of Qinhuangdao Port shares you are expected to receive €116 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?
  • Qinhuangdao Port's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.48%).
  • Qinhuangdao Port's dividend is above the markets top 25% of dividend payers in Germany (3.92%).
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:QHD 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 1 Analyst Estimates (S&P Global) See Below
Europe Infrastructure Industry Average Dividend Yield Market Cap Weighted Average of 31 Stocks 3.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3.2%
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:QHD Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.09 1.00
2019-12-31 0.07 1.00
DB:QHD Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-06-27 0.077 5.793
2018-04-20 0.062 3.984
2018-03-29 0.062 3.554
2017-08-14 0.000 0.000
2017-07-12 0.000 0.000
2016-06-16 0.150 8.338
2015-04-23 0.350 11.687
2014-06-06 0.320 10.305

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

  • Qinhuangdao Port has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Qinhuangdao Port has only been paying a dividend for 5 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Qinhuangdao Port's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.3x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Qinhuangdao Port'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 Qinhuangdao Port afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Qinhuangdao Port has a total score of 3/6, see the detailed checks below.


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

QHD Management

 What is the CEO of Qinhuangdao Port'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
Wensheng Yang
COMPENSATION CN¥896,809
AGE 50
TENURE AS CEO 2.3 years
CEO Bio

Mr. Wensheng Yang has been President of Qinhuangdao Port Co., Ltd since December 2017 and serves as its Executive Director. Mr. Wensheng was General Manager of Qinhuangdao Port Co., Ltd since 15 March 2017. Mr. Yang served as Deputy General Manager of Qinhuangdao Port Co., Ltd. since August 22, 2014 and served as its Director of the Production Department from September 2012 to January 2015. Mr. Yang joined the Qinhuangdao Port Authority in 1991 and has since then been engaged in port operation related work. He had served as the Section Chief of the production section of the Railway Transport Company of the Qinhuangdao Port Authority, the Deputy Manager of Rail Transportation Branch of Qinhuangdao Port Group Co., Ltd., the Deputy Director of the production department of Qinhuangdao Port Group Co., Ltd., the General Manager of Qinren Sea Transportation Co., Ltd. and the Manager of the Second Port Branch of Qinhuangdao Port Co. He served as the Director of the production department of Qinhuangdao Port Co. from September 2012 to January 2015. Mr. Yang graduated from Shanghai Railway Institute with a bachelor's degree in July 1991 and he is a senior economist.

CEO Compensation
  • Wensheng's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Wensheng's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Qinhuangdao Port management team in years:

2.6
Average Tenure
51
Average Age
  • The tenure for the Qinhuangdao Port management team is about average.
Management Team

Ziyu Cao

TITLE
Chairman of the Board
AGE
53

Wensheng Yang

TITLE
President & Executive Director
COMPENSATION
CN¥897K
AGE
50
TENURE
2.3 yrs

Xiping Ma

TITLE
Secretary to the Board & Executive Director
COMPENSATION
CN¥835K
AGE
51
TENURE
11.3 yrs

Xikun Guo

TITLE
VP & CFO
COMPENSATION
CN¥540K
AGE
54
TENURE
11.3 yrs

Hui Xie

TITLE
Head of Accounting Department

Zhenya He

TITLE
Vice President
COMPENSATION
CN¥553K
AGE
56
TENURE
9.6 yrs

Yuzhong Nie

TITLE
Vice President
AGE
50
TENURE
1.3 yrs

Lixin Chen

TITLE
Vice President
TENURE
0.3 yrs

Nan Zhang

TITLE
Director of Securities Department & Company Secretary
AGE
39
TENURE
2.6 yrs
Board of Directors Tenure

Average tenure and age of the Qinhuangdao Port board of directors in years:

2.8
Average Tenure
52
Average Age
  • The average tenure for the Qinhuangdao Port board of directors is less than 3 years, this suggests a new board.
Board of Directors

Ziyu Cao

TITLE
Chairman of the Board
AGE
53
TENURE
2.8 yrs

Wensheng Yang

TITLE
President & Executive Director
COMPENSATION
CN¥897K
AGE
50

Guanghai Liu

TITLE
Vice Chairman
AGE
59
TENURE
0.6 yrs

Xiping Ma

TITLE
Secretary to the Board & Executive Director
COMPENSATION
CN¥835K
AGE
51
TENURE
6 yrs

Shu Hou

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥125K
AGE
56
TENURE
4.1 yrs

Xiu Zang

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥125K
AGE
56
TENURE
4.1 yrs

Ruihua Chen

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥50K
AGE
45
TENURE
1.1 yrs

Bo Meng

TITLE
Chairman of Supervisory Committee
AGE
51
TENURE
1.1 yrs

Jian Li

TITLE
Non-Executive Director
AGE
57
TENURE
5.1 yrs

Xiang Xiao

TITLE
Non-Executive Director
AGE
46
TENURE
1.1 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 (€)
03. Jun 19 Sell Fosun International Holdings Ltd. Company 29. May 19 29. May 19 -200,000 €0.18 €-36,044
04. Jan 19 Buy Fosun International Holdings Ltd. Company 31. Dec 18 31. Dec 18 490,000 €0.21 €102,197
21. Dec 18 Buy Fosun International Holdings Ltd. Company 18. Dec 18 18. Dec 18 400,000 €0.20 €78,828
X
Management checks
We assess Qinhuangdao Port'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. Qinhuangdao Port 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.

QHD News

Simply Wall St News

QHD Company Info

Description

Qinhuangdao Port Co., Ltd. operates ports in Mainland China. The company offers integrated port services, including stevedoring, stacking, warehousing, transportation, and logistics services; and handles various types of cargo comprising coal, metal ores, oil and liquefied chemicals, containers, and general cargoes. It also provides ancillary port services, such as tugging, tallying, transshipping, and shipping agency services. In addition, the company offers value-added services consisting of towing, tallying, and coal blending services, as well as tariff-free warehouse and export supervisory warehouse services; and loading and unloading, and international trade services, as well as sells accessories. It operates 23 coal berths, 17 general cargo berths, 4 crude oil berths, 1 refined oil berth, 2 liquefied chemical berths, and 3 container berths in Qinhuangdao Port; 2 general bulk berths, 2 general bulk cargo berths, and 4 multipurpose berths in Huanghua Port; and 4 ore berths and 2 bulk berths in Caofeidian Port. The company was founded in 1898 and is headquartered in Qinhuangdao, China. Qinhuangdao Port Co., Ltd. is a subsidiary of Hebei Port Group Co., Ltd.

Details
Name: Qinhuangdao Port Co., Ltd.
QHD
Exchange: DB
Founded: 1898
HK$2,212,996,040
5,587,412,000
Website: http://www.portqhd.com
Address: Qinhuangdao Port Co., Ltd.
35 Haibin Road,
Qinhuangdao,
Hebei Province, 066002,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 3369 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong Ltd. HK HKD 12. Dec 2013
DB QHD Foreign Shares-Foreign Listed Deutsche Boerse AG DE EUR 12. Dec 2013
SHSC 3369 Foreign Shares-Foreign Listed Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 12. Dec 2013
SZSC 3369 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 12. Dec 2013
SHSE 601326 A Shares Shanghai Stock Exchange CN CNY 16. Aug 2017
XSSC 601326 A Shares Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect CN CNY 16. Aug 2017
Number of employees
Current staff
Staff numbers
11,674
Qinhuangdao Port employees.
Industry
Marine Ports and Services
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/21 23:39
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/04/16
Last earnings filing: 2019/04/26
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.