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

1.4%

SEHK:1308

3.2%

HK Shipping

2.5%

HK Market


1 Year Return

37.3%

SEHK:1308

-0.7%

HK Shipping

-3.9%

HK Market

1308 outperformed the Shipping industry which returned -0.8% over the past year.

1308 outperformed the Market in Hong Kong which returned -3.9% over the past year.


Share holder returns

1308IndustryMarket
7 Day1.4%3.2%2.5%
30 Day17.9%11.5%7.6%
90 Day6.9%0.8%0.8%
1 Year45.1%37.3%0.9%-0.7%-0.4%-3.9%
3 Year114.9%83.3%3.3%-0.4%19.6%7.6%
5 Year183.6%112.1%-20.1%-25.7%17.7%-1.7%

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 based on future cash flows and its price relative to the stock market?

34%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

SITC International Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).

SITC International Holdings's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

SITC International Holdings is good value based on earnings compared to the HK Shipping industry average.

SITC International Holdings is overvalued based on earnings compared to the Hong Kong market.


Price Based on Expected Growth

SITC International Holdings is poor value based on expected growth next year.


Price Based on Value of Assets

SITC International Holdings is overvalued based on assets compared to the HK Shipping industry average.


Next Steps

Future Growth

How is SITC International Holdings expected 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 Estimates


Future Annual Growth Analysis

SITC International Holdings's revenue is expected to grow by 7% yearly, however this is not considered high growth (20% yearly).

SITC International Holdings's earnings are expected to grow by 10.2% yearly, however this is not considered high growth (20% yearly).

SITC International Holdings's revenue growth is positive but not above the Hong Kong market average.

SITC International Holdings's earnings growth is positive but not above the Hong Kong market average.

SITC International Holdings's earnings growth is expected to exceed the low risk savings rate of 2%.


Earnings per Share Growth Estimates


Future Return on Equity

SITC International Holdings is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).


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

SITC International Holdings's year on year earnings growth rate has been positive over the past 5 years.

SITC International Holdings's 1-year earnings growth is less than its 5-year average (10.2% vs 12.2%)

SITC International Holdings's earnings growth has exceeded the HK Shipping industry average in the past year (10.2% vs 8.8%).


Return on Equity

SITC International Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).


Return on Assets

SITC International Holdings used its assets more efficiently than the HK Shipping industry average last year based on Return on Assets.


Return on Capital Employed

SITC International Holdings has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is SITC International Holdings's financial position?


Financial Position Analysis

SITC International Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

SITC International Holdings's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

SITC International Holdings's level of debt (40%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (57.1% vs 40% today).

Debt is well covered by operating cash flow (67.1%, greater than 20% of total debt).

SITC International Holdings earns more interest than it pays, coverage of interest payments is not a concern.


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 1.4x debt.


Next Steps

Dividend

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

6.19%

Expected Dividend Yield


Dividend Yield and Payments Analysis

SITC International Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.19%).

SITC International Holdings's dividend is below the markets top 25% of dividend payers in Hong Kong (6.07%).

SITC International Holdings has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).

Dividend payments have increased, but SITC International Holdings only paid a dividend in the past 9 years.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.4x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be covered by earnings (1.4x coverage).


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?

7.9yrs

Average management tenure


CEO

Xianxiang Yang (52yo)

11.7yrs

Tenure

US$4,708,000

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

Xianxiang's remuneration is higher than average for companies of similar size in Hong Kong.

Xianxiang's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.


Management Age and Tenure

7.9yrs

Average Tenure

50yo

Average Age

The average tenure for the SITC International Holdings management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

9.0yrs

Average Tenure

51.5yo

Average Age

The tenure for the SITC International Holdings board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


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 Yeung
EntityIndividual
Role
Member of the Board of Directors
Independent Non-Executive Director
Shares497,000
Max PriceUS$5.65
SellUS$102,17031 Oct 18
Kwok Yeung
EntityIndividual
Role
Member of the Board of Directors
Independent Non-Executive Director
Shares17,000
Max PriceUS$6.01
SellUS$531,91031 Oct 18
Kwok Yeung
EntityIndividual
Role
Member of the Board of Directors
Independent Non-Executive Director
Shares86,000
Max PriceUS$6.19

Ownership Breakdown


Management Team

  • Weili Xu (55yo)

    Chief Officer of Safety Operation Centre

    • Tenure: 10.9yrs
  • Shaopeng Yang (62yo)

    Executive Chairman of the Board

    • Tenure: 13.4yrs
    • Compensation: US$5.95m
  • Peng Xue (48yo)

    GM of Operations Management Center

    • Tenure: 11.7yrs
    • Compensation: US$1.54m
  • Xianxiang Yang (52yo)

    Vice Chairman & CEO

    • Tenure: 11.7yrs
    • Compensation: US$4.71m
  • Kecheng Liu (45yo)

    CFO, GM of Finance Center & Executive Director

    • Tenure: 12.8yrs
    • Compensation: US$1.11m
  • Bin Ji (45yo)

    President of SITC Logistics

    • Tenure: 9.4yrs
  • Senyuan Xiao (58yo)

    Vice President of SITC Shipping Group Co.

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

    Executive Director

    • Tenure: 6.5yrs
    • Compensation: US$1.59m
  • Zhi Lai (46yo)

    Executive Director

    • Tenure: 6.5yrs
    • Compensation: US$1.01m
  • Wai Chan (52yo)

    Joint Company Secretary

    • Tenure: 4.5yrs

Board Members

  • Maurice Ngai (57yo)

    Independent Non-Executive Director

    • Tenure: 9yrs
    • Compensation: US$45.00k
  • William Lo (58yo)

    Independent Non-Executive Director

    • Tenure: 9yrs
    • Compensation: US$42.00k
  • Arthur Yeung (58yo)

    Independent Non-Executive Director

    • Tenure: 9yrs
    • Compensation: US$42.00k
  • Yung Kwok Tsui (51yo)

    Independent Non-Executive Director

    • Tenure: 9yrs
    • Compensation: US$42.00k
  • Shaopeng Yang (62yo)

    Executive Chairman of the Board

    • Tenure: 13.4yrs
    • Compensation: US$5.95m
  • Peng Xue (48yo)

    GM of Operations Management Center

    • Tenure: 11.7yrs
    • Compensation: US$1.54m
  • Xianxiang Yang (52yo)

    Vice Chairman & CEO

    • Tenure: 11.7yrs
    • Compensation: US$4.71m
  • Kecheng Liu (45yo)

    CFO, GM of Finance Center & Executive Director

    • Tenure: 12.8yrs
    • Compensation: US$1.11m
  • Ming Xue (45yo)

    Executive Director

    • Tenure: 6.5yrs
    • Compensation: US$1.59m
  • Zhi Lai (46yo)

    Executive Director

    • Tenure: 6.5yrs
    • Compensation: US$1.01m

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$22.049b
  • 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 Analysis2019/09/14 13:01
End of Day Share Price2019/09/13 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.