COSCO SHIPPING Development Valuation

Q: What is the Fair Price of 2866 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

2866 (HK$1.02) is trading above our estimate of [[fair value]] (HK$0.27)

Is 2866 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation 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$1.02) is trading above our estimate of fair value (HK$0.27)

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?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for 2866. This is calculated by dividing 2866's market cap by their current preferred multiple.
What is 2866's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	CN¥28.50b

2866 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	4.4x
Enterprise Value/EBITDA	15x
PEG Ratio	0.3x

Price to Earnings Ratio vs Peers

How does 2866's PE Ratio compare to its peers?

The above table shows the PE ratio for 2866 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	26x
2588 BOC Aviation	5.6x	-3.1%	HK$42.6b
9878 Huitongda Network	30.9x	29.1%	HK$10.4b
9930 Horizon Construction Development	4.6x	14.6%	HK$5.4b
2499 Folangsi	62.7x	n/a	HK$4.3b
2866 COSCO SHIPPING Development	10.7x	36.1%	HK$31.1b

Price-To-Earnings vs Peers: 2866 is good value based on its Price-To-Earnings Ratio (10.7x) compared to the peer average (26x).

Price to Earnings Ratio vs Industry

How does 2866's PE Ratio compare vs other companies in the HK Trade Distributors Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	6.7%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	6.7%
	n/a	n/a	n/a

No more companies

Price-To-Earnings vs Industry: 2866 is good value based on its Price-To-Earnings Ratio (10.7x) compared to the Hong Kong Trade Distributors industry average (11x).

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.

2866 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	10.7x
Fair PE Ratio	15.3x

Price-To-Earnings vs Fair Ratio: 2866 is good value based on its Price-To-Earnings Ratio (10.7x) compared to the estimated Fair Price-To-Earnings Ratio (15.3x).

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.