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Market Cap

HK$8.2b

Last Updated

2021/09/21 10:04 UTC

Data Sources

Company Financials +

Executive Summary

CSSC (Hong Kong) Shipping Company Limited operates as a shipyard-affiliated leasing company in People Republic of China, Asia, the United States, and Europe. More Details


Snowflake Analysis

Solid track record and good value.

Share Price & News

How has CSSC (Hong Kong) Shipping's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 3877 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 3877's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

-2.9%

3877

-4.3%

HK Diversified Financial

-6.9%

HK Market


1 Year Return

20.7%

3877

22.1%

HK Diversified Financial

3.9%

HK Market

Return vs Industry: 3877 underperformed the Hong Kong Diversified Financial industry which returned 22.1% over the past year.

Return vs Market: 3877 exceeded the Hong Kong Market which returned 3.9% over the past year.


Shareholder returns

3877IndustryMarket
7 Day-2.9%-4.3%-6.9%
30 Day13.6%0.1%-0.2%
90 Day-9.5%-0.3%-12.7%
1 Year28.8%20.7%27.3%22.1%7.7%3.9%
3 Yearn/a17.9%5.5%9.0%-3.5%
5 Yearn/a-14.1%-26.9%27.9%4.8%

Long-Term Price Volatility Vs. Market

How volatile is CSSC (Hong Kong) Shipping's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is CSSC (Hong Kong) Shipping undervalued compared to its fair value and its price relative to the market?

48.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 3877 (HK$1.34) is trading below our estimate of fair value (HK$2.58)

Significantly Below Fair Value: 3877 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 3877 is good value based on its PE Ratio (6.6x) compared to the Hong Kong Diversified Financial industry average (7.1x).

PE vs Market: 3877 is good value based on its PE Ratio (6.6x) compared to the Hong Kong market (9.7x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 3877's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 3877 is overvalued based on its PB Ratio (0.9x) compared to the HK Diversified Financial industry average (0.6x).


Future Growth

How is CSSC (Hong Kong) Shipping forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

28.9%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if 3877's forecast earnings growth is above the savings rate (1.5%).

Earnings vs Market: Insufficient data to determine if 3877's earnings are forecast to grow faster than the Hong Kong market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 3877's revenue (28.9% per year) is forecast to grow faster than the Hong Kong market (12.3% per year).

High Growth Revenue: 3877's revenue (28.9% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 3877's Return on Equity is forecast to be low in 3 years time (17.1%).


Past Performance

How has CSSC (Hong Kong) Shipping performed over the past 5 years?

20.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 3877 has high quality earnings.

Growing Profit Margin: 3877's current net profit margins (77.6%) are higher than last year (77.3%).


Past Earnings Growth Analysis

Earnings Trend: 3877's earnings have grown significantly by 20.2% per year over the past 5 years.

Accelerating Growth: 3877's earnings growth over the past year (33.5%) exceeds its 5-year average (20.2% per year).

Earnings vs Industry: 3877 earnings growth over the past year (33.5%) exceeded the Diversified Financial industry 8%.


Return on Equity

High ROE: 3877's Return on Equity (13.5%) is considered low.


Financial Health

How is CSSC (Hong Kong) Shipping's financial position?


Financial Position Analysis

Short Term Liabilities: 3877's short term assets (HK$20.6B) exceed its short term liabilities (HK$404.5M).

Long Term Liabilities: 3877's short term assets (HK$20.6B) do not cover its long term liabilities (HK$23.7B).


Debt to Equity History and Analysis

Debt Level: 3877's debt to equity ratio (243.5%) is considered high.

Reducing Debt: Insufficient data to determine if 3877's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 3877's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if 3877's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is CSSC (Hong Kong) Shipping current dividend yield, its reliability and sustainability?

6.72%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 3877's dividend (6.72%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.3%).

High Dividend: 3877's dividend (6.72%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.91%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, 3877 has been paying a dividend for less than 10 years.

Growing Dividend: 3877's dividend payments have increased, but the company has only paid a dividend for 2 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (44.2%), 3877's dividend payments are well 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

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

3.5yrs

Average management tenure


CEO

Kai Hu (52 yo)

no data

Tenure

Mr. Kai Hu has been an Executive Director at CSSC (Hong Kong) Shipping Company Limited since September 2018 and serves as its General Manager. He was a Director at CSSC (Hong Kong) Shipping Company Limited...


Leadership Team

Experienced Management: 3877's management team is considered experienced (3.5 years average tenure).


Board Members

Experienced Board: 3877'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.


Ownership Breakdown

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


Top Shareholders

Company Information

CSSC (Hong Kong) Shipping Company Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: CSSC (Hong Kong) Shipping Company Limited
  • Ticker: 3877
  • Exchange: SEHK
  • Founded: 2012
  • Industry: Specialized Finance
  • Sector: Diversified Financials
  • Market Cap: HK$8.222b
  • Shares outstanding: 6.14b
  • Website: https://www.csscshipping.net

Number of Employees


Location

  • CSSC (Hong Kong) Shipping Company Limited
  • World-wide House
  • 18th Floor
  • Central
  • Hong Kong

Listings


Biography

CSSC (Hong Kong) Shipping Company Limited operates as a shipyard-affiliated leasing company in People Republic of China, Asia, the United States, and Europe. It operates through Leasing Services, Shipbroki...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/21 10:04
End of Day Share Price2021/09/21 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.