COSCO SHIPPING Development Valuation
Is 2866 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
3/6Valuation Score 3/6
Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast
Share Price vs Fair Value
What is the Fair Price of 2866 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 2866 (HK$1.03) is trading above our estimate of fair value (HK$0.21)
Significantly Below Fair Value: 2866 is trading above our estimate of fair value.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 2866?
Key metric: As 2866 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.
| What is 2866's PE Ratio? | |
|---|---|
| PE Ratio | 8.2x |
| Earnings | CN¥1.59b |
| Market Cap | CN¥29.14b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 4.3x |
| Enterprise Value/EBITDA | 16.3x |
| PEG Ratio | 0.3x |
Price to Earnings Ratio vs Peers
How does 2866's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 10.7x | ||
2588 BOC Aviation | 5.6x | -3.1% | HK$41.8b |
9878 Huitongda Network | 31.1x | 29.0% | HK$11.0b |
9930 Horizon Construction Development | 4.1x | 14.6% | HK$4.4b |
1733 E-Commodities Holdings | 1.8x | n/a | HK$3.8b |
2866 COSCO SHIPPING Development | 8.2x | 32.4% | HK$31.3b |
Price-To-Earnings vs Peers: 2866 is good value based on its Price-To-Earnings Ratio (8.2x) compared to the peer average (10.7x).
Price to Earnings Ratio vs Industry
How does 2866's PE Ratio compare vs other companies in the HK Trade Distributors Industry?
| 4 Companies | Price / Earnings | Estimated Growth | Market Cap |
|---|---|---|---|
1733 E-Commodities Holdings | 1.8x | n/a | US$485.11m |
1001 Hong Kong Shanghai Alliance Holdings | 2.3x | n/a | US$22.90m |
380 China Pipe Group | 1.8x | n/a | US$14.72m |
1142 E&P Global Holdings | 0.5x | n/a | US$6.71m |
| 4 Companies | Estimated Growth | Market Cap |
|---|
Price-To-Earnings vs Industry: 2866 is good value based on its Price-To-Earnings Ratio (8.2x) compared to the Hong Kong Trade Distributors industry average (10.4x).
Price to Earnings Ratio vs Fair Ratio
What is 2866's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 8.2x |
| Fair PE Ratio | 12.1x |
Price-To-Earnings vs Fair Ratio: 2866 is good value based on its Price-To-Earnings Ratio (8.2x) compared to the estimated Fair Price-To-Earnings Ratio (12.1x).
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Insufficient data to show price forecast.
Discover undervalued companies
CITIC
HK$250.2b
Operates in financial services, advanced intelligent manufacturing, advanced materials, consumption, urbanization, resources and energy, and engineering contracting businesses worldwide.
267
HK$8.60
7D
-4.6%
1Y
16.8%
Greentown Management Holdings
HK$5.9b
An investment holding company, provides project management services in the People’s Republic of China.
9979
HK$2.93
7D
-2.7%
1Y
-48.4%
Zhengzhou Coal Mining Machinery Group
CN¥21.0b
Manufactures and sells coal mining and excavating equipment in the People’s Republic of China.
564
CN¥9.48
7D
-5.1%
1Y
24.4%