COSCO SHIPPING Energy Transportation Co., Ltd.

SEHK:1138 Stock Report

Market Cap: HK$54.5b

COSCO SHIPPING Energy Transportation Valuation

Is 1138 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • 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 1138 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 1138 (HK$6.47) is trading below our estimate of fair value (HK$16)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1138?

Key metric: As 1138 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 1138. This is calculated by dividing 1138's market cap by their current earnings.
What is 1138's PE Ratio?
PE Ratio9.4x
EarningsCN¥3.05b
Market CapCN¥50.76b

Price to Earnings Ratio vs Peers

How does 1138's PE Ratio compare to its peers?

The above table shows the PE ratio for 1138 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average14.1x
956 China Suntien Green Energy
6.1x12.1%HK$25.8b
934 Sinopec Kantons Holdings
8.6x5.8%HK$10.6b
2883 China Oilfield Services
9.6x24.3%HK$59.8b
1164 CGN Mining
32.1x25.8%HK$13.8b
1138 COSCO SHIPPING Energy Transportation
9.4x24.9%HK$54.5b

Price-To-Earnings vs Peers: 1138 is good value based on its Price-To-Earnings Ratio (9.4x) compared to the peer average (14.1x).

Price to Earnings Ratio vs Industry

How does 1138's PE Ratio compare vs other companies in the HK Oil and Gas Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
276 Mongolia Energy
0.08xn/aUS$17.64m
663 King Stone Energy Group
1.3xn/aUS$15.51m
No more companies available in this PE range
1138 9.4xIndustry Avg. 9.4xNo. of Companies5PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 1138 is good value based on its Price-To-Earnings Ratio (9.4x) compared to the Hong Kong Oil and Gas industry average (9.4x).

Price to Earnings Ratio vs Fair Ratio

What is 1138'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.

1138 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.4x
Fair PE Ratio11.1x

Price-To-Earnings vs Fair Ratio: 1138 is good value based on its Price-To-Earnings Ratio (9.4x) compared to the estimated Fair Price-To-Earnings Ratio (11.1x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 1138 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentHK$6.47
HK$9.67
+49.4%
17.1%HK$12.09HK$6.50n/a7
Nov ’25HK$7.43
HK$10.01
+34.8%
17.5%HK$12.28HK$6.50n/a7
Oct ’25HK$9.47
HK$10.88
+14.8%
14.0%HK$12.30HK$7.50n/a7
Sep ’25HK$8.57
HK$11.28
+31.6%
9.4%HK$12.30HK$9.07n/a7
Aug ’25HK$9.31
HK$11.30
+21.4%
6.2%HK$12.34HK$9.99n/a7
Jul ’25HK$10.14
HK$11.14
+9.8%
7.3%HK$12.28HK$10.00n/a7
Jun ’25HK$11.02
HK$11.13
+1.0%
7.4%HK$12.28HK$9.96n/a7
May ’25HK$9.21
HK$11.18
+21.4%
8.8%HK$12.62HK$9.98n/a8
Apr ’25HK$8.11
HK$10.75
+32.5%
8.4%HK$12.65HK$9.85n/a7
Mar ’25HK$7.35
HK$11.00
+49.7%
10.7%HK$12.77HK$9.55n/a7
Feb ’25HK$7.05
HK$11.00
+56.0%
10.7%HK$12.77HK$9.55n/a7
Jan ’25HK$7.37
HK$11.24
+52.5%
9.9%HK$12.75HK$9.79n/a6
Dec ’24HK$7.54
HK$11.12
+47.4%
11.2%HK$12.73HK$9.35n/a6
Nov ’24HK$8.42
HK$10.93
+29.8%
11.0%HK$12.49HK$9.17HK$7.436
Oct ’24HK$8.56
HK$10.57
+23.5%
10.5%HK$12.13HK$8.95HK$9.475
Sep ’24HK$8.22
HK$10.59
+28.9%
11.3%HK$12.33HK$9.03HK$8.575
Aug ’24HK$8.65
HK$10.42
+20.5%
11.2%HK$12.13HK$9.11HK$9.315
Jul ’24HK$7.86
HK$9.55
+21.5%
6.9%HK$10.58HK$8.73HK$10.145
Jun ’24HK$6.42
HK$9.71
+51.3%
7.5%HK$10.82HK$8.93HK$11.025
May ’24HK$8.05
HK$9.76
+21.2%
7.6%HK$10.90HK$8.94HK$9.215
Apr ’24HK$8.10
HK$9.55
+17.9%
7.4%HK$10.90HK$8.97HK$8.115
Mar ’24HK$8.02
HK$8.85
+10.4%
6.3%HK$9.48HK$7.87HK$7.355
Feb ’24HK$7.74
HK$8.67
+12.0%
8.6%HK$9.74HK$7.60HK$7.055
Jan ’24HK$5.98
HK$7.98
+33.4%
21.6%HK$9.28HK$4.73HK$7.375
Dec ’23HK$7.15
HK$7.98
+11.6%
21.6%HK$9.28HK$4.73HK$7.545
Nov ’23HK$5.89
HK$7.87
+33.6%
21.6%HK$9.04HK$4.61HK$8.425

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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