SEHK:2039

Stock Analysis Report

China International Marine Containers (Group)

Executive Summary

China International Marine Containers (Group) Co., Ltd., together with its subsidiaries, manufactures and sells logistics and energy equipment.

Snowflake

Fundamentals

Acceptable track record with moderate growth potential.

Share Price & News

How has China International Marine Containers (Group)'s share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-0.4%

2039

-0.2%

HK Machinery

0.3%

HK Market


1 Year Return

21.2%

2039

17.7%

HK Machinery

1.3%

HK Market

Return vs Industry: 2039 exceeded the Hong Kong Machinery industry which returned 17.7% over the past year.

Return vs Market: 2039 exceeded the Hong Kong Market which returned 1.3% over the past year.


Shareholder returns

2039IndustryMarket
7 Day-0.4%-0.2%0.3%
30 Day5.3%2.3%0.5%
90 Day-4.6%-3.3%-4.6%
1 Year29.2%21.2%21.1%17.7%4.9%1.3%
3 Year-0.2%-9.5%52.3%42.8%15.3%3.7%
5 Year-42.0%-49.7%73.2%55.0%20.0%-0.006%

Price Volatility Vs. Market

How volatile is China International Marine Containers (Group)'s share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is China International Marine Containers (Group) undervalued compared to its fair value and its price relative to the market?

11.76x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 2039 (HK$7.13) is trading above our estimate of fair value (HK$1.75)

Significantly Below Fair Value: 2039 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 2039 is poor value based on its PE Ratio (11.8x) compared to the Machinery industry average (9.1x).

PE vs Market: 2039 is poor value based on its PE Ratio (11.8x) compared to the Hong Kong market (10.3x).


Price to Earnings Growth Ratio

PEG Ratio: 2039 is good value based on its PEG Ratio (0.8x)


Price to Book Ratio

PB vs Industry: 2039 is overvalued based on its PB Ratio (0.9x) compared to the HK Machinery industry average (0.9x).


Next Steps

Future Growth

How is China International Marine Containers (Group) forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

14.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 2039's forecast earnings growth (14.2% per year) is above the savings rate (2%).

Earnings vs Market: 2039's earnings (14.2% per year) are forecast to grow faster than the Hong Kong market (11.1% per year).

High Growth Earnings: 2039's earnings are forecast to grow, but not significantly.

Revenue vs Market: 2039's revenue (11.6% per year) is forecast to grow faster than the Hong Kong market (10% per year).

High Growth Revenue: 2039's revenue (11.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 2039's Return on Equity is forecast to be low in 3 years time (8.5%).


Next Steps

Past Performance

How has China International Marine Containers (Group) performed over the past 5 years?

4.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 2039's earnings have grown by 4.6% per year over the past 5 years.

Accelerating Growth: 2039's earnings growth over the past year (17%) exceeds its 5-year average (4.6% per year).

Earnings vs Industry: 2039 earnings growth over the past year (17%) exceeded the Machinery industry 8.4%.


Return on Equity

High ROE: 2039's Return on Equity (7.2%) is considered low.


Return on Assets

ROA vs Industry: 2039's Return on Assets is below or equal to the Machinery industry average last year.


Return on Capital Employed

ROCE Improving: 2039's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is China International Marine Containers (Group)'s financial position?


Financial Position Analysis

Short Term Liabilities: 2039's short term assets (CN¥82.0B) exceeds its short term liabilities (CN¥73.9B)

Long Term Liabilities: 2039's short term assets (82.0B) exceeds its long term liabilities (35.9B)


Debt to Equity History and Analysis

Debt Level: 2039's debt to equity ratio (121.4%) is considered high

Reducing Debt: 2039's debt to equity ratio has reduced from 130.4% to 121.4% over the past 5 years.

Debt Coverage: 2039's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 2039's interest payments on its debt are not well covered by EBIT (2.3x coverage).


Balance Sheet

Inventory Level: 2039 has a high level of physical assets or inventory.

Debt Coverage by Assets: 2039's debt is covered by short term assets (assets are 1.257970x debt).


Next Steps

Dividend

What is China International Marine Containers (Group)'s current dividend yield, its reliability and sustainability?

4.70%

Current Dividend Yield


Dividend Yield vs Market

company4.7%marketbottom25%2.3%markettop25%6.2%industryaverage3.1%forecastin3Years2.9%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: 2039's dividend (4.7%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.26%).

High Dividend: 2039's dividend (4.7%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.18%).

Stable Dividend: 2039's dividend payments have been volatile in the past 10 years.

Growing Dividend: 2039's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (55.3%), 2039's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of China International Marine Containers (Group)'s salary, the management and board of directors tenure and is there insider trading?

3.4yrs

Average management tenure


CEO

Boliang Mai (60yo)

4.2yrs

Tenure

CN¥8,224,000

Compensation

Mr. BoLiang Mai has been the and Chief Executive Officer of CIMC Raffles Offshore (Singapore) Ltd. since April 9, 2011. Mr. Mai has been the President of China International Marine Containers Group Co Ltd ...


CEO Compensation Analysis

Compensation vs. Market: Boliang's total compensation ($USD1.16M) is about average for companies of similar size in the Hong Kong market ($USD496.48K).

Compensation vs Earnings: Boliang's compensation has increased by more than 20% in the past year.


Management Age and Tenure

3.4yrs

Average Tenure

54yo

Average Age

Experienced Management: 2039's management team is considered experienced (3.4 years average tenure).


Board Age and Tenure

2.1yrs

Average Tenure

60yo

Average Age

Experienced Board: 2039's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.


Insider Trading

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


Ownership Breakdown


Management Team

  • Boliang Mai (60yo)

    CEO, President & Executive Director

    • Tenure: 4.2yrs
    • Compensation: CN¥8.22m
  • Yuqun Yu (54yo)

    Vice President

    • Tenure: 15.6yrs
    • Compensation: CN¥3.30m
  • Xiang Gao (54yo)

    Executive Vice President

    • Tenure: 1.6yrs
    • Compensation: CN¥3.87m
  • Han Zeng (44yo)

    GM of Consolidated Financial Management Department & Head of Accounting Department

    • Tenure: 2.6yrs
    • Compensation: CN¥1.55m
  • Tianhua Huang

    Vice President

    • Tenure: 0yrs
    • Compensation: CN¥3.40m

Board Members

  • Mabel Lui Fung (67yo)

    Independent Non-Executive Director

    • Tenure: 0.3yrs
  • Boliang Mai (60yo)

    CEO, President & Executive Director

    • Tenure: 4.2yrs
    • Compensation: CN¥8.22m
  • Hong Wang (57yo)

    Chairman

    • Tenure: 3.8yrs
  • Chong Liu (49yo)

    Vice Chairman

    • Tenure: 0.3yrs
  • Jiale He (64yo)

    Independent Non-Executive Director

    • Tenure: 0.3yrs
  • Bo Xiong (60yo)

    Supervisor

    • Tenure: 5.8yrs
    • Compensation: CN¥210.00k
  • Zhengqi Pan (66yo)

    Independent Non-Executive Director

    • Tenure: 3.4yrs
    • Compensation: CN¥240.00k
  • Xianfu Hu (50yo)

    Non-Executive Director

    • Tenure: 2.1yrs
  • Feng Lin (44yo)

    Chairman of the Supervisory Committee

    • Tenure: 0yrs
  • Dong Ming

    Non-Executive Director

    • Tenure: 0.3yrs

Company Information

China International Marine Containers (Group) Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: China International Marine Containers (Group) Co., Ltd.
  • Ticker: 2039
  • Exchange: SEHK
  • Founded: 1980
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: CN¥28.208b
  • Listing Market Cap: CN¥31.268b
  • Shares outstanding: 3.58b
  • Website: https://www.cimc.com

Number of Employees


Location

  • China International Marine Containers (Group) Co., Ltd.
  • CIMC R&D Centre
  • 8th Floor
  • Shenzhen
  • Guangdong Province
  • 518067
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
39SZSE (Shenzhen Stock Exchange)YesDomestic SharesCNCNYJun 1994
39XSEC (Shenzhen Stock Exchange - Shenzhen-Hong Kong Stock Connect)YesDomestic SharesCNCNYJun 1994
2039SEHK (The Stock Exchange of Hong Kong Ltd.)Foreign Shares-Foreign ListedHKHKDDec 2012
OCMDB (Deutsche Boerse AG)Foreign Shares-Foreign ListedDEEURDec 2012
2039SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)Foreign Shares-Foreign ListedHKHKDDec 2012

Biography

China International Marine Containers (Group) Co., Ltd., together with its subsidiaries, manufactures and sells logistics and energy equipment. The company provides dry, reefer, and special-purpose contain ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 12:49
End of Day Share Price2019/10/22 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.