SEHK:1138

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COSCO SHIPPING Energy Transportation

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

Undervalued with proven track record.


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 less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 1138's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

-2.1%

1138

0.9%

HK Oil and Gas

-6.1%

HK Market


1 Year Return

9.2%

1138

-0.7%

HK Oil and Gas

22.2%

HK Market

Return vs Industry: 1138 exceeded the Hong Kong Oil and Gas industry which returned -0.7% over the past year.

Return vs Market: 1138 underperformed the Hong Kong Market which returned 22.2% over the past year.


Shareholder returns

1138IndustryMarket
7 Day-2.1%0.9%-6.1%
30 Day7.1%10.9%-0.7%
90 Day-2.6%5.5%9.1%
1 Year10.5%9.2%7.1%-0.7%26.9%22.2%
3 Year-18.9%-21.7%-23.0%-35.8%4.6%-6.3%
5 Year-27.6%-35.2%-4.3%-24.6%59.0%32.0%

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$3.32) is trading below our estimate of fair value (HK$23.14)

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 (3.8x) compared to the HK Oil and Gas industry average (6.4x).

PE vs Market: 1138 is good value based on its PE Ratio (3.8x) compared to the Hong Kong market (12.2x).


Price to Earnings Growth Ratio

PEG Ratio: 1138's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


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 (0.6x).


Next Steps

Future Growth

How is COSCO SHIPPING Energy Transportation forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

-13.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1138's earnings are forecast to decline over the next 3 years (-13.7% per year).

Earnings vs Market: 1138's earnings are forecast to decline over the next 3 years (-13.7% per year).

High Growth Earnings: 1138's earnings are forecast to decline over the next 3 years.

Revenue vs Market: 1138's revenue is expected to decline over the next 3 years (-0.9% per year).

High Growth Revenue: 1138's revenue is forecast to decline over the next 3 years (-0.9% 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 (7.3%).


Next Steps

Past Performance

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

-4.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1138 has high quality earnings.

Growing Profit Margin: 1138's current net profit margins (19.1%) are higher than last year (6.6%).


Past Earnings Growth Analysis

Earnings Trend: 1138's earnings have declined by 4.2% per year over the past 5 years.

Accelerating Growth: 1138's earnings growth over the past year (232.9%) exceeds its 5-year average (-4.2% per year).

Earnings vs Industry: 1138 earnings growth over the past year (232.9%) exceeded the Oil and Gas industry -11.9%.


Return on Equity

High ROE: 1138's Return on Equity (9.2%) is considered low.


Next Steps

Financial Health

How is COSCO SHIPPING Energy Transportation's financial position?


Financial Position Analysis

Short Term Liabilities: 1138's short term assets (CN¥9.5B) do not cover its short term liabilities (CN¥10.3B).

Long Term Liabilities: 1138's short term assets (CN¥9.5B) do not cover its long term liabilities (CN¥21.8B).


Debt to Equity History and Analysis

Debt Level: 1138's debt to equity ratio (66.6%) is considered high.

Reducing Debt: 1138's debt to equity ratio has reduced from 144.8% to 66.6% over the past 5 years.

Debt Coverage: 1138's debt is well covered by operating cash flow (28.9%).

Interest Coverage: 1138's interest payments on its debt are well covered by EBIT (17.7x coverage).


Balance Sheet


Next Steps

Dividend

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

1.44%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 1138's dividend (1.44%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.03%).

High Dividend: 1138's dividend (1.44%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.3%).


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 fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (5.5%), 1138's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 1138's dividends in 3 years are forecast to be well covered by earnings (28.3% payout ratio).


Next Steps

Management

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

3.5yrs

Average management tenure


CEO

Maijin Zhu (50 yo)

1.83yrs

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 ($USD296.30K) is below average for companies of similar size in the Hong Kong market ($USD675.64K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Hanbo Liu
Executive Chairman1.83yrsCN¥3.14mno data
Maijin Zhu
CEO, President1.83yrsCN¥1.92mno data
Yongmin Xiang
Chief Financial Officer3.5yrsno datano data
Zhuoqiong Li
Deputy GMno datano datano data
Zhijuan An
Supervisor4.58yrsno datano data
Qiaohong Yao
Company Secretaryno datano datano data

3.5yrs

Average Tenure

50.5yo

Average Age

Experienced Management: 1138's management team is considered experienced (3.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Hanbo Liu
Executive Chairman1.83yrsCN¥3.14mno data
Maijin Zhu
CEO, President1.83yrsCN¥1.92mno data
Zhijuan An
Supervisor4.58yrsno datano data
Siong Seng Teo
Independent Non-Executive Director5.17yrsCN¥300.00kno data
Yi Weng
Chairman of Supervisor Committeeno datano datano data
Meng Rui
Independent Non-Executive Director5.67yrsCN¥300.00kno data
Yifei Xu
Supervisor4.58yrsno datano data
Victor Huang
Independent Non-Executive Director0.67yrno datano data
Qinghai Zhang
Non-Executive Director0.67yrno datano data
Zhusheng Liu
Non-Executive Director0.67yrno datano data
Runsheng Li
Independent Non-Executive Director0.67yrno datano data
Jingsong Zhao
Independent Non-Executive Director0.67yrno data0.00013%
CN¥ 39.8k

1.7yrs

Average Tenure

56yo

Average Age

Experienced Board: 1138's board of directors are not considered experienced ( 1.7 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 been diluted in the past year, with total shares outstanding growing by 18.1%.


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$30.600b
  • 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
  • Shanghai Province
  • 200080
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CSDX.FOTCPK (Pink Sheets LLC)YesForeign Shares-Foreign ListedUSUSDNov 1994
1138SEHK (The Stock Exchange of Hong Kong Ltd.)YesForeign Shares-Foreign ListedHKHKDNov 1994
HIFHDB (Deutsche Boerse AG)YesForeign Shares-Foreign ListedDEEURNov 1994
1138SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesForeign Shares-Foreign ListedHKHKDNov 1994
1138SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesForeign Shares-Foreign ListedHKHKDNov 1994
600026SHSE (Shanghai Stock Exchange)Domestic SharesCNCNYMay 2002
600026XSSC (Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect)Domestic SharesCNCNYMay 2002

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 Analysis2021/02/27 10:15
End of Day Share Price2021/02/26 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.