SEHK:1308

Stock Analysis Report

SITC International Holdings

Executive Summary

SITC International Holdings Company Limited, a shipping logistics company, provides integrated transportation and logistics solutions in Mainland China, Hong Kong, Taiwan, Japan, Southeast Asia, and internationally.

Snowflake

Fundamentals

Flawless balance sheet with solid track record.


Similar Companies

Share Price & News

How has SITC International Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

5.8%

1308

1.6%

HK Shipping

3.3%

HK Market


1 Year Return

48.7%

1308

3.5%

HK Shipping

1.6%

HK Market

Return vs Industry: 1308 exceeded the Hong Kong Shipping industry which returned 3.5% over the past year.

Return vs Market: 1308 exceeded the Hong Kong Market which returned 1.6% over the past year.


Shareholder returns

1308IndustryMarket
7 Day5.8%1.6%3.3%
30 Day6.6%-0.4%-0.009%
90 Day10.5%-5.7%-5.1%
1 Year57.2%48.7%5.5%3.5%5.3%1.6%
3 Year110.2%79.3%4.3%0.9%16.1%4.4%
5 Year206.4%129.1%-17.2%-22.6%20.4%0.3%

Price Volatility Vs. Market

How volatile is SITC International Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is SITC International Holdings undervalued compared to its fair value and its price relative to the market?

31.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: 1308 (HK$8.73) is trading below our estimate of fair value (HK$12.71)

Significantly Undervalued: 1308 is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: 1308 is poor value based on its PE Ratio (13.8x) compared to the Shipping industry average (13.5x).

PE vs Market: 1308 is poor value based on its PE Ratio (13.8x) compared to the Hong Kong market (10.4x).


Price to Earnings Growth Ratio

Low PEG Ratio: 1308 is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: 1308 is overvalued based on its PB Ratio (2.8x) compared to the HK Shipping industry average (0.8x).


Next Steps

Future Growth

How is SITC International Holdings forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

10.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1308's forecast earnings growth (10.2% per year) is above the savings rate (2%).

Earnings vs Market: 1308's earnings (10.2% per year) are forecast to grow slower than the Hong Kong market (11.3% per year).

High Growth Earnings: 1308's earnings are forecast to grow, but not significantly.

Revenue vs Market: 1308's revenue (7.5% per year) is forecast to grow slower than the Hong Kong market (10.2% per year).

High Growth Revenue: 1308's revenue (7.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: 1308's Return on Equity is forecast to be high in 3 years time (21.4%)


Next Steps

Past Performance

How has SITC International Holdings performed over the past 5 years?

12.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 1308's earnings have grown by 12.2% per year over the past 5 years.

Accelerating Growth: 1308's earnings growth over the past year (10.2%) is below its 5-year average (12.2% per year).

Earnings vs Industry: 1308 earnings growth over the past year (10.2%) exceeded the Shipping industry 7.4%.


Return on Equity

High ROE: 1308's Return on Equity (20.4%) is considered high.


Return on Assets

ROA vs Industry: 1308 has a higher Return on Assets than the Shipping industry average last year.


Return on Capital Employed

ROCE Improving: 1308 has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is SITC International Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 1308's short term assets ($614.0M) exceeds its short term liabilities ($365.2M)

Long Term Liabilities: 1308's short term assets (614.0M) exceeds its long term liabilities (377.0M)


Debt to Equity History and Analysis

Debt Level: 1308's debt to equity ratio (40%) is considered satisfactory

Reducing Debt: 1308's debt to equity ratio has reduced from 57.1% to 40% over the past 5 years.

Debt Coverage: 1308's debt is well covered by operating cash flow (67.1%).

Interest Coverage: 1308 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: 1308 has a high level of physical assets or inventory.

Debt Coverage by Assets: 1308's debt is covered by short term assets (assets are 1.447690x debt).


Next Steps

Dividend

What is SITC International Holdings's current dividend yield, its reliability and sustainability?

5.05%

Current Dividend Yield


Dividend Yield vs Market

company5.0%marketbottom25%2.3%markettop25%6.3%industryaverage3.7%forecastin3Years5.8%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: 1308's dividend (5.05%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.26%).

High Dividend: 1308's dividend (5.05%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.25%).

Stable Dividend: 1308 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 1308's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (69.5%), 1308's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 1308's dividends in 3 years are forecast to be covered by earnings (71% payout ratio).


Next Steps

Management

What is the CEO of SITC International Holdings's salary, the management and board of directors tenure and is there insider trading?

8.0yrs

Average management tenure


CEO

Xianxiang Yang (52yo)

11.8yrs

Tenure

US$1,588,000

Compensation

Mr. Xianxiang Yang has been the Chief Executive Officer of SITC International Holdings Co., Ltd. since January 2008. Mr. Yang is actively involved in the management and the decision-making process of SITC  ...


CEO Compensation Analysis

Compensation vs. Market: Xianxiang's total compensation ($USD1.59M) is about average for companies of similar size in the Hong Kong market ($USD494.14K).

Compensation vs Earnings: Xianxiang's compensation has increased by more than 20% in the past year.


Management Age and Tenure

8.0yrs

Average Tenure

50yo

Average Age

Experienced Management: 1308's management team is seasoned and experienced (8 years average tenure).


Board Age and Tenure

9.1yrs

Average Tenure

51.5yo

Average Age

Experienced Board: 1308's board of directors are considered experienced (9.1 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$3,779,91805 Jul 19
FMR LLC
EntityCompany
Shares472,000
Max PriceUS$8.01
SellUS$2,808,05031 Oct 18
Kwok On Yeung
EntityIndividual
Role
Member of the Board of Directors
Independent Non-Executive Director
Shares497,000
Max PriceUS$5.65
SellUS$531,91031 Oct 18
Kwok On Yeung
EntityIndividual
Role
Member of the Board of Directors
Independent Non-Executive Director
Shares86,000
Max PriceUS$6.19
SellUS$102,17031 Oct 18
Kwok On Yeung
EntityIndividual
Role
Member of the Board of Directors
Independent Non-Executive Director
Shares17,000
Max PriceUS$6.01

Ownership Breakdown


Management Team

  • Weili Xu (55yo)

    Chief Officer of Safety Operation Centre

    • Tenure: 11yrs
  • Shaopeng Yang (62yo)

    Executive Chairman of the Board

    • Tenure: 13.5yrs
    • Compensation: US$2.00m
  • Peng Xue (48yo)

    GM of Operations Management Center

    • Tenure: 11.8yrs
    • Compensation: US$531.00k
  • Xianxiang Yang (52yo)

    Vice Chairman & CEO

    • Tenure: 11.8yrs
    • Compensation: US$1.59m
  • Kecheng Liu (45yo)

    CFO, GM of Finance Center & Executive Director

    • Tenure: 12.8yrs
    • Compensation: US$571.00k
  • Bin Ji (45yo)

    President of SITC Logistics

    • Tenure: 9.5yrs
  • Senyuan Xiao (58yo)

    Vice President of SITC Shipping Group Co.

    • Tenure: 0yrs
  • Ming Xue (45yo)

    Executive Director

    • Tenure: 6.6yrs
    • Compensation: US$810.00k
  • Zhi Lai (46yo)

    Executive Director

    • Tenure: 6.6yrs
    • Compensation: US$354.00k
  • Wai Chan (52yo)

    Joint Company Secretary

    • Tenure: 4.6yrs

Board Members

  • Maurice Ngai (57yo)

    Independent Non-Executive Director

    • Tenure: 9.1yrs
    • Compensation: US$45.00k
  • William Lo (58yo)

    Independent Non-Executive Director

    • Tenure: 9.1yrs
    • Compensation: US$42.00k
  • Arthur Yeung (58yo)

    Independent Non-Executive Director

    • Tenure: 9.1yrs
    • Compensation: US$42.00k
  • Yung Kwok Tsui (51yo)

    Independent Non-Executive Director

    • Tenure: 9.1yrs
    • Compensation: US$42.00k
  • Shaopeng Yang (62yo)

    Executive Chairman of the Board

    • Tenure: 13.5yrs
    • Compensation: US$2.00m
  • Peng Xue (48yo)

    GM of Operations Management Center

    • Tenure: 11.8yrs
    • Compensation: US$531.00k
  • Xianxiang Yang (52yo)

    Vice Chairman & CEO

    • Tenure: 11.8yrs
    • Compensation: US$1.59m
  • Kecheng Liu (45yo)

    CFO, GM of Finance Center & Executive Director

    • Tenure: 12.8yrs
    • Compensation: US$571.00k
  • Ming Xue (45yo)

    Executive Director

    • Tenure: 6.6yrs
    • Compensation: US$810.00k
  • Zhi Lai (46yo)

    Executive Director

    • Tenure: 6.6yrs
    • Compensation: US$354.00k

Company Information

SITC International Holdings Company Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: SITC International Holdings Company Limited
  • Ticker: 1308
  • Exchange: SEHK
  • Founded: 1991
  • Industry: Marine
  • Sector: Transportation
  • Market Cap: HK$23.038b
  • Shares outstanding: 2.67b
  • Website: https://www.sitc.com

Number of Employees


Location

  • SITC International Holdings Company Limited
  • World Trade Centre
  • 21st Floor
  • Causeway Bay
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1308SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDOct 2010
7S8DB (Deutsche Boerse AG)YesOrdinary SharesDEEUROct 2010
1308SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesOrdinary SharesHKHKDOct 2010
1308SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesOrdinary SharesHKHKDOct 2010
SITI.YOTCPK (Pink Sheets LLC)UNSPONSORED ADSUSUSDAug 2018

Biography

SITC International Holdings Company Limited, a shipping logistics company, provides integrated transportation and logistics solutions in Mainland China, Hong Kong, Taiwan, Japan, Southeast Asia, and intern ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/18 12:47
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.