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1199

COSCO SHIPPING PortsSEHK:1199 Stock Report

Market Cap

HK$21.1b

7D

-0.8%

1Y

32.5%

Updated

23 Oct, 2021

Data

Company Financials +
1199 fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance3/6
Financial Health1/6
Dividends4/6

1199 Overview

COSCO SHIPPING Ports Limited, an investment holding company, manages and operates terminals and related businesses in Mainland China, Southeast Asia, the Middle East, Europe, South America, the Mediterranean, and internationally.

COSCO SHIPPING Ports Competitors

Price History & Performance

Summary of all time highs, changes and price drops for COSCO SHIPPING Ports
Historical stock prices
Current Share PriceHK$6.36
52 Week HighHK$4.36
52 Week LowHK$7.42
Beta0.95
1 Month Change-5.08%
3 Month Change6.89%
1 Year Change32.50%
3 Year Change-19.49%
5 Year Change-19.08%
Change since IPO140.00%

Recent News & Updates

Oct 19
Is It Too Late To Consider Buying COSCO SHIPPING Ports Limited (HKG:1199)?

Is It Too Late To Consider Buying COSCO SHIPPING Ports Limited (HKG:1199)?

While COSCO SHIPPING Ports Limited ( HKG:1199 ) might not be the most widely known stock at the moment, it saw a decent...

Oct 06
Are Investors Undervaluing COSCO SHIPPING Ports Limited (HKG:1199) By 35%?

Are Investors Undervaluing COSCO SHIPPING Ports Limited (HKG:1199) By 35%?

Does the October share price for COSCO SHIPPING Ports Limited ( HKG:1199 ) reflect what it's really worth? Today, we...

Sep 10
Investors Met With Slowing Returns on Capital At COSCO SHIPPING Ports (HKG:1199)

Investors Met With Slowing Returns on Capital At COSCO SHIPPING Ports (HKG:1199)

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...

Aug 28
COSCO SHIPPING Ports' (HKG:1199) Dividend Will Be Increased To HK$0.16

COSCO SHIPPING Ports' (HKG:1199) Dividend Will Be Increased To HK$0.16

COSCO SHIPPING Ports Limited's ( HKG:1199 ) dividend will be increasing to HK$0.16 on 29th of September. Based on the...

Shareholder Returns

1199HK InfrastructureHK Market
7D-0.8%0.1%2.2%
1Y32.5%6.4%6.0%

Return vs Industry: 1199 exceeded the Hong Kong Infrastructure industry which returned 6.5% over the past year.

Return vs Market: 1199 exceeded the Hong Kong Market which returned 5.9% over the past year.

Price Volatility

Is 1199's price volatile compared to industry and market?
1199 volatility
1199 Beta0.95
Industry Beta0.68
Market Beta1

Stable Share Price: 1199 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: 1199's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1994n/aDayu Zhanghttps://ports.coscoshipping.com

COSCO SHIPPING Ports Limited, an investment holding company, manages and operates terminals and related businesses in Mainland China, Southeast Asia, the Middle East, Europe, South America, the Mediterranean, and internationally. The company operates container, container freight stations, terminals, container terminals, and rail terminals, as well as offers financing, treasury, management, logistics, and consultancy services. As of December 31, 2020, it operated and managed 357 berths at 36 ports with a total annual handling capacity of approximately 118 million TEU.

COSCO SHIPPING Ports Fundamentals Summary

How do COSCO SHIPPING Ports's earnings and revenue compare to its market cap?
1199 fundamental statistics
Market CapUS$2.71b
Earnings (TTM)US$359.73m
Revenue (TTM)US$1.11b

7.5x

P/E Ratio

2.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
1199 income statement (TTM)
RevenueUS$1.11b
Cost of RevenueUS$831.04m
Gross ProfitUS$281.79m
Expenses-US$77.94m
EarningsUS$359.73m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Oct 29, 2021

Earnings per share (EPS)0.11
Gross Margin25.32%
Net Profit Margin32.33%
Debt/Equity Ratio48.0%

How did 1199 perform over the long term?

See historical performance and comparison

Dividends

5.3%

Current Dividend Yield

40%

Payout Ratio

Valuation

Is COSCO SHIPPING Ports undervalued compared to its fair value and its price relative to the market?

46.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 1199 (HK$6.36) is trading below our estimate of fair value (HK$11.8)

Significantly Below Fair Value: 1199 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 1199 is poor value based on its PE Ratio (7.5x) compared to the Hong Kong Infrastructure industry average (5.4x).

PE vs Market: 1199 is good value based on its PE Ratio (7.5x) compared to the Hong Kong market (9.7x).


Price to Earnings Growth Ratio

PEG Ratio: 1199 is poor value based on its PEG Ratio (1.1x)


Price to Book Ratio

PB vs Industry: 1199's PB Ratio (0.5x) is in line with the HK Infrastructure industry average.


Future Growth

How is COSCO SHIPPING Ports forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

7.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1199's forecast earnings growth (7% per year) is above the savings rate (1.5%).

Earnings vs Market: 1199's earnings (7% per year) are forecast to grow slower than the Hong Kong market (17.6% per year).

High Growth Earnings: 1199's earnings are forecast to grow, but not significantly.

Revenue vs Market: 1199's revenue (10% per year) is forecast to grow slower than the Hong Kong market (12.5% per year).

High Growth Revenue: 1199's revenue (10% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 1199's Return on Equity is forecast to be low in 3 years time (6.8%).


Past Performance

How has COSCO SHIPPING Ports performed over the past 5 years?

2.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1199 has high quality earnings.

Growing Profit Margin: 1199's current net profit margins (32.3%) are lower than last year (33.6%).


Past Earnings Growth Analysis

Earnings Trend: 1199's earnings have grown by 2.3% per year over the past 5 years.

Accelerating Growth: 1199's earnings growth over the past year (11.2%) exceeds its 5-year average (2.3% per year).

Earnings vs Industry: 1199 earnings growth over the past year (11.2%) underperformed the Infrastructure industry 92.9%.


Return on Equity

High ROE: 1199's Return on Equity (6.2%) is considered low.


Financial Health

How is COSCO SHIPPING Ports's financial position?


Financial Position Analysis

Short Term Liabilities: 1199's short term assets ($1.6B) exceed its short term liabilities ($1.0B).

Long Term Liabilities: 1199's short term assets ($1.6B) do not cover its long term liabilities ($3.7B).


Debt to Equity History and Analysis

Debt Level: 1199's debt to equity ratio (48%) is considered high.

Reducing Debt: 1199's debt to equity ratio has increased from 33.4% to 48% over the past 5 years.

Debt Coverage: 1199's debt is not well covered by operating cash flow (11.7%).

Interest Coverage: 1199's interest payments on its debt are not well covered by EBIT (1.9x coverage).


Balance Sheet


Dividend

What is COSCO SHIPPING Ports's current dividend yield, its reliability and sustainability?

5.35%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 1199's dividend (5.35%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.22%).

High Dividend: 1199's dividend (5.35%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.77%).


Stability and Growth of Payments

Stable Dividend: 1199's dividend payments have been volatile in the past 10 years.

Growing Dividend: 1199's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (40%), 1199's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 1199's dividends in 3 years are forecast to be well covered by earnings (41.5% payout ratio).


Next Steps

Management

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

6.0yrs

Average management tenure


CEO

Dayu Zhang (48 yo)

2.08yrs

Tenure

US$817,000

Compensation

Mr. Zhang Dayu serves as Executive Director and Managing Director of COSCO SHIPPING Ports Limited since September 13, 2019. Mr. Zhang was the Deputy Managing Director of COSCO SHIPPING Ports Limited from A...


CEO Compensation Analysis

Compensation vs Market: Dayu's total compensation ($USD817.00K) is about average for companies of similar size in the Hong Kong market ($USD684.95K).

Compensation vs Earnings: Dayu's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: 1199's management team is seasoned and experienced (6 years average tenure).


Board Members

Experienced Board: 1199's board of directors are considered experienced (5 years average tenure).


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 2.1%.


Top Shareholders

Company Information

COSCO SHIPPING Ports Limited's employee growth, exchange listings and data sources


Key Information

  • Name: COSCO SHIPPING Ports Limited
  • Ticker: 1199
  • Exchange: SEHK
  • Founded: 1994
  • Industry: Marine Ports and Services
  • Sector: Transportation
  • Market Cap: HK$21.085b
  • Shares outstanding: 3.32b
  • Website: https://ports.coscoshipping.com

Number of Employees


Location

  • COSCO SHIPPING Ports Limited
  • COSCO Tower
  • 49th Floor
  • Central
  • Hong Kong

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/23 10:03
End of Day Share Price2021/10/22 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.