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COSCO SHIPPING Energy Transportation

Market Cap

HK$31.1b

Last Updated

2021/05/18 10:12 UTC

Data Sources

Company Financials +

Executive Summary

COSCO SHIPPING Energy Transportation Co., Ltd., an investment holding company, engages in the shipment of oil, liquefied natural gas (LNG), and chemicals along the coast of the People’s Republic of China and internationally. More Details


Snowflake Analysis

Very undervalued with proven track record and pays a dividend.


Similar Companies

Share Price & News

How has COSCO SHIPPING Energy Transportation's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 1138 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: 1138's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

-1.6%

1138

-4.0%

HK Oil and Gas

-1.3%

HK Market


1 Year Return

-7.5%

1138

17.0%

HK Oil and Gas

24.5%

HK Market

Return vs Industry: 1138 underperformed the Hong Kong Oil and Gas industry which returned 17% over the past year.

Return vs Market: 1138 underperformed the Hong Kong Market which returned 24.5% over the past year.


Shareholder returns

1138IndustryMarket
7 Day-1.6%-4.0%-1.3%
30 Day6.3%3.8%-2.4%
90 Day13.1%9.1%-8.6%
1 Year-6.3%-7.5%26.2%17.0%29.2%24.5%
3 Year-15.4%-18.3%-31.0%-42.6%0.9%-9.6%
5 Year-13.7%-22.7%4.5%-18.0%59.3%32.4%

Long-Term Price Volatility Vs. Market

How volatile is COSCO SHIPPING Energy Transportation's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is COSCO SHIPPING Energy Transportation 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: 1138 (HK$3.71) is trading below our estimate of fair value (HK$67.98)

Significantly Below Fair Value: 1138 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 1138 is good value based on its PE Ratio (7x) compared to the Hong Kong Oil and Gas industry average (7.6x).

PE vs Market: 1138 is good value based on its PE Ratio (7x) compared to the Hong Kong market (11.6x).


Price to Earnings Growth Ratio

PEG Ratio: 1138 is good value based on its PEG Ratio (0.2x)


Price to Book Ratio

PB vs Industry: 1138 is good value based on its PB Ratio (0.4x) compared to the HK Oil and Gas industry average (0.7x).


Future Growth

How is COSCO SHIPPING Energy Transportation forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

35.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1138's forecast earnings growth (35.4% per year) is above the savings rate (1.5%).

Earnings vs Market: 1138's earnings (35.4% per year) are forecast to grow faster than the Hong Kong market (16.8% per year).

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

Revenue vs Market: 1138's revenue (9.9% per year) is forecast to grow slower than the Hong Kong market (12.4% per year).

High Growth Revenue: 1138's revenue (9.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 1138's Return on Equity is forecast to be low in 3 years time (8.8%).


Past Performance

How has COSCO SHIPPING Energy Transportation performed over the past 5 years?

2.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1138 has a large one-off loss of CN¥831.0M impacting its March 31 2021 financial results.

Growing Profit Margin: 1138's current net profit margins (13.6%) are higher than last year (4.5%).


Past Earnings Growth Analysis

Earnings Trend: 1138's earnings have grown by 2.7% per year over the past 5 years.

Accelerating Growth: 1138's earnings growth over the past year (229.9%) exceeds its 5-year average (2.7% per year).

Earnings vs Industry: 1138 earnings growth over the past year (229.9%) exceeded the Oil and Gas industry -3%.


Return on Equity

High ROE: 1138's Return on Equity (6.5%) is considered low.


Financial Health

How is COSCO SHIPPING Energy Transportation's financial position?


Financial Position Analysis

Short Term Liabilities: 1138's short term assets (CN¥6.6B) do not cover its short term liabilities (CN¥9.8B).

Long Term Liabilities: 1138's short term assets (CN¥6.6B) do not cover its long term liabilities (CN¥19.9B).


Debt to Equity History and Analysis

Debt Level: 1138's debt to equity ratio (63.4%) is considered high.

Reducing Debt: 1138's debt to equity ratio has reduced from 146.6% to 63.4% over the past 5 years.

Debt Coverage: 1138's debt is well covered by operating cash flow (31.7%).

Interest Coverage: 1138 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is COSCO SHIPPING Energy Transportation current dividend yield, its reliability and sustainability?

6.50%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 1138's dividend (6.5%) is higher than the bottom 25% of dividend payers in the Hong Kong market (1.96%).

High Dividend: 1138's dividend (6.5%) is in the top 25% of dividend payers in the Hong Kong market (5.98%)


Stability and Growth of Payments

Stable Dividend: 1138's dividend payments have been volatile in the past 10 years.

Growing Dividend: 1138's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (45.7%), 1138'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?

1.9yrs

Average board tenure


CEO

Maijin Zhu (50 yo)

2.08yrs

Tenure

CN¥1,918,000

Compensation

Mr. Maijin Zhu serves as the President of COSCO SHIPPING Energy Transportation Co., Ltd. and has been its General Manager since April 23, 2019 and Executive Director since June 10, 2019. He serves as Chief...


CEO Compensation Analysis

Compensation vs Market: Maijin's total compensation ($USD297.88K) is below average for companies of similar size in the Hong Kong market ($USD692.54K).

Compensation vs Earnings: Insufficient data to compare Maijin's compensation with company performance.


Board Members

Experienced Board: 1138's board of directors are not considered experienced ( 1.9 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

COSCO SHIPPING Energy Transportation Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: COSCO SHIPPING Energy Transportation Co., Ltd.
  • Ticker: 1138
  • Exchange: SEHK
  • Founded: 1994
  • Industry: Oil and Gas Storage and Transportation
  • Sector: Energy
  • Market Cap: HK$31.128b
  • Shares outstanding: 4.76b
  • Website: https://energy.coscoshipping.com

Number of Employees


Location

  • COSCO SHIPPING Energy Transportation Co., Ltd.
  • 670 Dongdaming Road
  • 7th floor
  • Shanghai
  • 200080
  • China

Listings


Biography

COSCO SHIPPING Energy Transportation Co., Ltd., an investment holding company, engages in the shipment of oil, liquefied natural gas (LNG), and chemicals along the coast of the People’s Republic of China a...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/18 10:12
End of Day Share Price2021/05/18 00:00
Earnings2021/03/31
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.