DB:SIY

Stock Analysis Report

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Executive Summary

Sinotrans Limited provides integrated logistics services primarily in the People’s Republic of China.


Snowflake Analysis

Very undervalued established dividend payer.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: SIY has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0.6%

SIY

3.3%

DE Logistics

0.7%

DE Market


1 Year Return

-36.3%

SIY

25.1%

DE Logistics

8.8%

DE Market

Return vs Industry: SIY underperformed the German Logistics industry which returned 23.9% over the past year.

Return vs Market: SIY underperformed the German Market which returned 8.1% over the past year.


Shareholder returns

SIYIndustryMarket
7 Day0.6%3.3%0.7%
30 Day-10.1%7.8%0.1%
90 Day-15.8%26.1%12.6%
1 Year-30.9%-36.3%25.8%25.1%11.2%8.8%
3 Year-57.1%-64.0%20.6%12.2%5.4%-3.0%
5 Year-58.1%-67.3%58.4%38.1%15.9%0.3%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SIY (€0.17) is trading below our estimate of fair value (€1.15)

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


Price To Earnings Ratio

PE vs Industry: SIY is good value based on its PE Ratio (4.5x) compared to the XE Logistics industry average (13.3x).

PE vs Market: SIY is good value based on its PE Ratio (4.5x) compared to the German market (21.5x).


Price to Earnings Growth Ratio

PEG Ratio: SIY is good value based on its PEG Ratio (0.3x)


Price to Book Ratio

PB vs Industry: SIY is good value based on its PB Ratio (0.4x) compared to the XE Logistics industry average (2x).


Next Steps

Future Growth

How is Sinotrans forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

13.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SIY's forecast earnings growth (13.5% per year) is above the savings rate (0.2%).

Earnings vs Market: SIY's earnings (13.5% per year) are forecast to grow slower than the German market (24.5% per year).

High Growth Earnings: SIY's earnings are forecast to grow, but not significantly.

Revenue vs Market: SIY's revenue (4.2% per year) is forecast to grow slower than the German market (5.9% per year).

High Growth Revenue: SIY's revenue (4.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SIY's Return on Equity is forecast to be low in 3 years time (8.7%).


Next Steps

Past Performance

How has Sinotrans performed over the past 5 years?

14.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SIY has high quality earnings.

Growing Profit Margin: SIY's current net profit margins (3.2%) are lower than last year (3.6%).


Past Earnings Growth Analysis

Earnings Trend: SIY's earnings have grown by 14.7% per year over the past 5 years.

Accelerating Growth: SIY's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: SIY had negative earnings growth (-12.2%) over the past year, making it difficult to compare to the Logistics industry average (-7.8%).


Return on Equity

High ROE: SIY's Return on Equity (8.3%) is considered low.


Next Steps

Financial Health

How is Sinotrans's financial position?


Financial Position Analysis

Short Term Liabilities: SIY's short term assets (CN¥27.3B) exceed its short term liabilities (CN¥21.4B).

Long Term Liabilities: SIY's short term assets (CN¥27.3B) exceed its long term liabilities (CN¥11.6B).


Debt to Equity History and Analysis

Debt Level: SIY's debt to equity ratio (40.9%) is considered high.

Reducing Debt: SIY's debt to equity ratio has increased from 32.5% to 40.9% over the past 5 years.

Debt Coverage: SIY's debt is well covered by operating cash flow (27.2%).

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


Balance Sheet


Next Steps

Dividend

What is Sinotrans's current dividend yield, its reliability and sustainability?

8.15%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SIY's dividend (8.15%) is higher than the bottom 25% of dividend payers in the German market (1.23%).

High Dividend: SIY's dividend (8.15%) is in the top 25% of dividend payers in the German market (3.78%)


Stability and Growth of Payments

Stable Dividend: SIY's dividend payments have been volatile in the past 10 years.

Growing Dividend: SIY's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (36.9%), SIY's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SIY's dividends in 3 years are forecast to be well covered by earnings (29.3% payout ratio).


Next Steps

Management

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

3.0yrs

Average management tenure


CEO

Rong Song (48 yo)

1.33yrs

Tenure

CN¥1,916,400

Compensation

Mr. Song Rong serves as the Chairman at China Merchants Logistics Holding Co., Ltd. Mr. Song serves as President at Sinotrans Limited since April 22, 2019 and its Executive Director since June 1, 2018. Mr. ...


CEO Compensation Analysis

Compensation vs Market: Rong's total compensation ($USD275.29K) is below average for companies of similar size in the German market ($USD2.53M).

Compensation vs Earnings: Rong's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Rong Song
President & Executive Director1.33yrsCN¥1.92mno data
Dexing Song
Vice Chairman2.17yrsno datano data
Jiuyun Wang
Chief Financial Officer3.67yrsCN¥1.28mno data
Xiang Gao
Chief Information Officer3.92yrsCN¥1.47mno data
Lei Tian
VP & General Counsel1.17yrsCN¥1.30mno data
Shichu Li
Company Secretary & Board Secretary3.67yrsCN¥1.28mno data
Xueming Wu
Vice Presidentno dataCN¥1.57mno data
Xianmin Chen
Vice President2.25yrsCN¥1.48mno data
Hairong Chen
Vice President2.25yrsCN¥1.30mno data

3.0yrs

Average Tenure

55yo

Average Age

Experienced Management: SIY's management team is considered experienced (3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Rong Song
President & Executive Director1.33yrsCN¥1.92mno data
Dexing Song
Vice Chairman2.17yrsno datano data
Ka Hsu
Non-Executive Director17.17yrsno datano data
Taiwen Wang
Independent Non-Executive Director2.67yrsCN¥147.40kno data
Jiang Jian
Non-Executive Director1.17yrsno datano data
Guanpeng Li
Chairman1.5yrsCN¥2.04mno data
Yan Meng
Independent Non-Executive Director2.17yrsCN¥147.40kno data
Haiqing Song
Independent Non-Executive Director2.17yrsCN¥147.40kno data
Qian Li
Independent Non-Executive Director2.17yrsCN¥147.40kno data
Yingjie Liu
Chairman of Supervisory Board1.17yrsno datano data
Jian Su
Non-Executive Director1.17yrsno datano data
Xianliang Xiong
Non-Executive Director1.17yrsno datano data

2.2yrs

Average Tenure

53.5yo

Average Age

Experienced Board: SIY's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.


Ownership

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


Insider Trading Volume

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


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Sinotrans Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Sinotrans Limited
  • Ticker: SIY
  • Exchange: DB
  • Founded: 1950
  • Industry: Air Freight and Logistics
  • Sector: Transportation
  • Market Cap: HK$23.588b
  • Listing Market Cap: HK$2.587b
  • Shares outstanding: 7.40b
  • Website: https://www.sinotrans.com

Number of Employees


Location

  • Sinotrans Limited
  • Sinotrans Building Tower B
  • Building 10
  • Beijing
  • Beijing Province
  • 100029
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SNOT.FOTCPK (Pink Sheets LLC)YesForeign Shares-Foreign ListedUSUSDFeb 2003
598SEHK (The Stock Exchange of Hong Kong Ltd.)YesForeign Shares-Foreign ListedHKHKDFeb 2003
SIYDB (Deutsche Boerse AG)YesForeign Shares-Foreign ListedDEEURFeb 2003
598SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesForeign Shares-Foreign ListedHKHKDFeb 2003
598SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesForeign Shares-Foreign ListedHKHKDFeb 2003
601598SHSE (Shanghai Stock Exchange)Domestic SharesCNCNYJan 2019
601598XSSC (Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect)Domestic SharesCNCNYJan 2019

Biography

Sinotrans Limited provides integrated logistics services primarily in the People’s Republic of China. The company operates through Forwarding and Related Business, Logistics Business, and E-commerce Busine ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/10 21:24
End of Day Share Price2020/08/10 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.