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COSCO SHIPPING Holdings

SEHK:1919
Snowflake Description

Reasonable growth potential with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1919
SEHK
HK$41B
Market Cap
  1. Home
  2. HK
  3. Transportation
Company description

COSCO SHIPPING Holdings Co., Ltd., an investment holding company, engages in the container shipping, container terminals, management, and financing businesses worldwide. The last earnings update was 13 days ago. More info.


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1919 Share Price and Events
7 Day Returns
-1.3%
SEHK:1919
-2.6%
HK Shipping
-2.3%
HK Market
1 Year Returns
-26.1%
SEHK:1919
-21.8%
HK Shipping
-6.8%
HK Market
1919 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
COSCO SHIPPING Holdings (1919) -1.3% -0.7% -10.4% -26.1% - -17.9%
HK Shipping -2.6% -1.7% -7.1% -21.8% 35.7% -6.3%
HK Market -2.3% 0.3% -6.4% -6.8% 29% 169.4%
1 Year Return vs Industry and Market
  • 1919 underperformed the Shipping industry which returned -21.8% over the past year.
  • 1919 underperformed the Market in Hong Kong which returned -6.8% over the past year.
Price Volatility
1919
Industry
5yr Volatility vs Market

1919 Value

 Is COSCO SHIPPING Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of COSCO SHIPPING Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for COSCO SHIPPING Holdings.

SEHK:1919 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 17.8%
Perpetual Growth Rate 10-Year HK Government Bond Rate 2.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SEHK:1919
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2.2%
Equity Risk Premium S&P Global 7.8%
Shipping Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.589 (1 + (1- 25%) (328.3%))
2.039
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.2% + (2 * 7.8%)
17.8%

Discounted Cash Flow Calculation for SEHK:1919 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for COSCO SHIPPING Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

SEHK:1919 DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (CNY, Millions) -2,712.00 506.00 557.02 613.19 675.03
Source Analyst x1 Analyst x1 Est @ 10.08% Est @ 10.08% Est @ 10.08%
Present Value
Discounted (@ 17.8%)
-2,302.27 364.65 340.78 318.46 297.61
Present value of next 5 years cash flows CN¥-980.76
SEHK:1919 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= CN¥675.03 × (1 + 2.2%) ÷ (17.8% – 2.2%)
CN¥4,424.11
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= CN¥4,424.11 ÷ (1 + 17.8%)5
CN¥1,950.54
SEHK:1919 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= CN¥-980.76 + CN¥1,950.54
CN¥969.78
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥969.78 / 10,216.27
CN¥0.09
SEHK:1919 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:1919)
1.126
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥0.09 x 1.126
HK$0.11
Value per share (HKD) From above. HK$0.11
Current discount Discount to share price of HK$2.94
= -1 x (HK$2.94 - HK$0.11) / HK$0.11
-2650.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of COSCO SHIPPING Holdings is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for COSCO SHIPPING Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are COSCO SHIPPING Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:1919 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in CNY CN¥0.07
SEHK:1919 Share Price ** SEHK (2018-11-12) in HKD HK$2.94
SEHK:1919 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.888 CN¥2.61
Hong Kong Shipping Industry PE Ratio Median Figure of 13 Publicly-Listed Shipping Companies 12.6x
Hong Kong Market PE Ratio Median Figure of 1,472 Publicly-Listed Companies 10.67x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of COSCO SHIPPING Holdings.

SEHK:1919 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1919 Share Price ÷ EPS (both in CNY)

= 2.61 ÷ 0.07

35.5x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • COSCO SHIPPING Holdings is overvalued based on earnings compared to the HK Shipping industry average.
  • COSCO SHIPPING Holdings is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does COSCO SHIPPING Holdings's expected growth come at a high price?
Raw Data
SEHK:1919 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 35.5x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
67.6%per year
Hong Kong Shipping Industry PEG Ratio Median Figure of 7 Publicly-Listed Shipping Companies 0.7x
Hong Kong Market PEG Ratio Median Figure of 456 Publicly-Listed Companies 0.7x

*Line of best fit is calculated by linear regression .

SEHK:1919 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 35.5x ÷ 67.6%

0.53x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • COSCO SHIPPING Holdings is good value based on expected growth next year.
Price based on value of assets
What value do investors place on COSCO SHIPPING Holdings's assets?
Raw Data
SEHK:1919 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in CNY CN¥2.19
SEHK:1919 Share Price * SEHK (2018-11-12) in HKD HK$2.94
SEHK:1919 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.888 CN¥2.61
Hong Kong Shipping Industry PB Ratio Median Figure of 16 Publicly-Listed Shipping Companies 0.83x
Hong Kong Market PB Ratio Median Figure of 2,076 Publicly-Listed Companies 0.94x
SEHK:1919 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1919 Share Price ÷ Book Value per Share (both in CNY)

= 2.61 ÷ 2.19

1.19x

* Primary Listing of COSCO SHIPPING Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • COSCO SHIPPING Holdings is overvalued based on assets compared to the HK Shipping industry average.
X
Value checks
We assess COSCO SHIPPING Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Shipping industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Shipping industry average (and greater than 0)? (1 check)
  5. COSCO SHIPPING Holdings has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

1919 Future Performance

 How is COSCO SHIPPING Holdings expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
67.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is COSCO SHIPPING Holdings expected to grow at an attractive rate?
  • COSCO SHIPPING Holdings's earnings growth is expected to exceed the low risk savings rate of 2.2%.
Growth vs Market Checks
  • COSCO SHIPPING Holdings's earnings growth is expected to exceed the Hong Kong market average.
  • COSCO SHIPPING Holdings's revenue growth is expected to exceed the Hong Kong market average.
Annual Growth Rates Comparison
Raw Data
SEHK:1919 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:1919 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 67.6%
SEHK:1919 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 15.1%
Hong Kong Shipping Industry Earnings Growth Rate Market Cap Weighted Average 47.9%
Hong Kong Shipping Industry Revenue Growth Rate Market Cap Weighted Average 11.3%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.3%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SEHK:1919 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:1919 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 142,180 10,380 4,932 6
2019-12-31 125,579 6,460 3,272 7
2018-12-31 105,788 5,543 1,477 9
SEHK:1919 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-09-30 104,995 6,361 789
2018-06-30 92,071 5,777 839
2018-03-31 92,286 7,207 2,573
2017-12-31 90,464 7,092 2,662
2017-09-30 88,627 7,207 2,007
2017-06-30 83,476 3,221 -874
2017-03-31 77,693 1,394 -5,176
2016-12-31 71,160 1,520 -9,906
2016-09-30 65,469 564 -9,030
2016-06-30 62,372 737 -8,673
2016-03-31 60,430 5,343 -2,983
2015-12-31 65,036 7,072 469

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • COSCO SHIPPING Holdings's earnings are expected to grow significantly at over 20% yearly.
  • COSCO SHIPPING Holdings's revenue is expected to grow by 15.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SEHK:1919 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from COSCO SHIPPING Holdings Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1919 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.22 0.36 0.10 5.00
2019-12-31 0.19 0.28 0.13 4.00
2018-12-31 0.11 0.17 0.07 5.00
SEHK:1919 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-09-30 0.07
2018-06-30 0.08
2018-03-31 0.25
2017-12-31 0.26
2017-09-30 0.20
2017-06-30 -0.09
2017-03-31 -0.52
2016-12-31 -0.97
2016-09-30 -1.01
2016-06-30 -0.93
2016-03-31 -0.32
2015-12-31 0.05

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • COSCO SHIPPING Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess COSCO SHIPPING Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
COSCO SHIPPING Holdings has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

1919 Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare COSCO SHIPPING Holdings's growth in the last year to its industry (Shipping).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • COSCO SHIPPING Holdings's year on year earnings growth rate has been positive over the past 5 years.
  • COSCO SHIPPING Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • COSCO SHIPPING Holdings's 1-year earnings growth is negative, it can't be compared to the HK Shipping industry average.
Earnings and Revenue History
COSCO SHIPPING Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from COSCO SHIPPING Holdings Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1919 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 104,995.27 788.65 6,295.29 -0.25
2018-06-30 92,070.51 839.26 5,290.85 1.09
2018-03-31 92,285.88 2,572.67 5,304.83
2017-12-31 90,463.96 2,661.94 5,243.14
2017-09-30 88,627.33 2,006.58 4,585.67 2.93
2017-06-30 83,475.87 -873.85 4,340.53 1.74
2017-03-31 77,693.01 -5,175.54 4,042.66
2016-12-31 71,160.18 -9,906.00 4,118.76
2016-09-30 65,468.97 -9,029.54 4,333.34
2016-06-30 62,372.33 -8,673.49 4,515.35
2016-03-31 60,429.53 -2,982.94 4,726.16
2015-12-31 65,035.59 469.30 4,735.35
2015-09-30 66,645.60 1,338.97 4,317.36
2015-06-30 68,250.31 4,613.36 4,264.04
2015-03-31 68,340.62 1,234.60 4,299.75
2014-12-31 64,374.46 362.53 4,182.31
2014-09-30 63,263.70 1,614.65 4,127.44
2014-06-30 61,660.78 -1,051.29 4,093.25
2014-03-31 60,903.58 343.34 4,073.54
2013-12-31 61,934.14 235.47 4,361.17
2013-09-30 64,467.46 -5,189.84 4,651.81
2013-06-30 67,642.21 -5,677.57 4,835.96
2013-03-31 71,624.45 -8,851.69 5,079.15
2012-12-31 72,075.66 -9,559.14 5,079.02
2012-09-30 70,157.14 -12,075.10 5,549.12
2012-06-30 69,327.76 -12,609.82 5,541.04
2012-03-31 68,147.42 -12,642.56 5,502.34
2011-12-31 68,908.18 -10,448.86 5,516.39

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • COSCO SHIPPING Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • COSCO SHIPPING Holdings used its assets less efficiently than the HK Shipping industry average last year based on Return on Assets.
  • COSCO SHIPPING Holdings has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess COSCO SHIPPING Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Shipping industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
COSCO SHIPPING Holdings has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

1919 Health

 How is COSCO SHIPPING Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up COSCO SHIPPING Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • COSCO SHIPPING Holdings's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • COSCO SHIPPING Holdings's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of COSCO SHIPPING Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from COSCO SHIPPING Holdings Company Filings, last reported 1 month ago.

SEHK:1919 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 54,985.93 119,654.93 37,838.84
2018-06-30 44,217.34 75,642.25 29,907.06
2018-03-31 43,356.07 61,391.61 21,247.76
2017-12-31 43,710.58 63,460.70 26,139.75
2017-09-30 42,980.73 63,414.50 31,981.61
2017-06-30 41,601.37 57,393.53 25,124.14
2017-03-31 38,530.71 58,982.27 31,551.53
2016-12-31 37,548.87 57,441.18 32,512.22
2016-09-30 37,377.16 60,472.55 34,442.99
2016-06-30 39,212.98 58,234.03 35,063.29
2016-03-31 41,469.95 54,725.10 34,797.85
2015-12-31 53,171.07 87,165.98 34,497.18
2015-09-30 43,995.31 89,459.77 39,997.92
2015-06-30 45,364.12 90,036.82 45,519.85
2015-03-31 42,149.86 85,237.29 38,460.29
2014-12-31 42,957.96 87,316.48 41,072.44
2014-09-30 42,266.19 73,431.68 43,065.36
2014-06-30 40,533.36 88,393.77 38,664.07
2014-03-31 40,826.99 68,602.05 48,994.50
2013-12-31 42,113.81 97,368.57 53,063.32
2013-09-30 39,641.61 75,234.82 48,603.64
2013-06-30 41,258.00 102,910.33 55,569.44
2013-03-31 39,914.80 92,644.11 50,100.63
2012-12-31 41,700.20 93,531.73 46,914.57
2012-09-30 44,792.31 80,408.31 40,714.84
2012-06-30 45,971.44 79,716.71 41,818.48
2012-03-31 47,833.56 79,057.36 47,155.94
2011-12-31 50,170.45 77,042.72 47,890.27
  • COSCO SHIPPING Holdings's level of debt (217.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (190.3% vs 217.6% today).
  • Debt is not well covered by operating cash flow (5.3%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 105.3x coverage).
X
Financial health checks
We assess COSCO SHIPPING Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. COSCO SHIPPING Holdings has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

1919 Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from COSCO SHIPPING Holdings dividends. Estimated to be 0.24% next year.
If you bought HK$2,000 of COSCO SHIPPING Holdings shares you are expected to receive HK$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate COSCO SHIPPING Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate COSCO SHIPPING Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SEHK:1919 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
Hong Kong Shipping Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 3.3%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 920 Stocks 3.7%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.1%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SEHK:1919 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.02 2.00
2019-12-31 0.00 3.00
2018-12-31 0.01 3.00
SEHK:1919 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2012-10-31 0.000 0.000
2012-10-30 0.000 0.000
2012-08-29 0.000 0.000
2012-04-26 0.000 0.000
2012-03-29 0.000 0.000
2011-03-29 0.090 2.331
2010-10-29 0.000 0.000
2010-10-28 0.000 0.000
2010-08-26 0.000 0.000
2010-04-29 0.000 0.000
2010-04-23 0.000 0.000
2010-01-15 0.000 0.000
2009-06-09 0.290 3.277
2008-11-13 0.180 3.720

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as COSCO SHIPPING Holdings has not reported any payouts.
  • Unable to verify if COSCO SHIPPING Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of COSCO SHIPPING Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as COSCO SHIPPING Holdings has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of COSCO SHIPPING Holdings's dividends in 3 years as they are not expected to pay a notable one for Hong Kong.
X
Income/ dividend checks
We assess COSCO SHIPPING Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can COSCO SHIPPING Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. COSCO SHIPPING Holdings has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

1919 Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Hai Min Wang
COMPENSATION CN¥1,088,000
AGE 45
TENURE AS CEO 0.7 years
CEO Bio

Mr. Hai Min Wang has been General Manager of COSCO SHIPPING Holdings Co., Ltd. and its Executive Director since March 2, 2018 and since December 16, 2016 respectively Mr. Wang serves as General Manager of COSCO Container Lines Co., Ltd and has been its Executive Director since December 16, 2016. Mr. Wang served as a Deputy General Manager of China COSCO Shipping Holdings Company Limited. Mr. Wang has been Deputy Managing Director at COSCON since 2015. He served as the General Manager of the Transportation Division at China COSCO Holdings Company Limited. Mr. Wang has over 20 years of corporate management experience in the shipping industry and has extensive experience in corporate management, container shipping and terminal business management. He served as Deputy Managing Director at COSCO SHIPPING Ports Limited (Formerly Cosco Pacific Ltd) from October 29, 2013 to January 21, 2015. Mr. Wang served as General Manager of the Strategic Planning Department from June 2006 to January 2010. He joined COSCO Container Lines in July 1995 and worked in COSCO until January 2010. Over these years, Mr. Wang worked in different positions of staff, Assistant Manager, Deputy Manager, Manager, Senior Manager and Department Head with growing responsibilities on cooperated shipping services and strategic planning. He serves as a Non-Independent Non-Executive Director of Cosco (Singapore) Pte Ltd. He serves as a Director of COSCO (Hong Kong) Group Limited. He serves as a Director of China Ocean Shipping (Group) Company and China COSCO Holdings Company Limited. Mr. Wang has been a Non Executive Director of COSCO SHIPPING Ports Limited (Formerly Cosco Pacific Ltd) since October 2010. He served as a Non-Executive Director of COSCO SHIPPING Ports Limited (Formerly Cosco Pacific Ltd) from October 12, 2010 to October 29, 2013. He served as a Non-Independent and Non-Executive Director of COSCO Corporation (Singapore) Limited from August 2, 2010 to July 8, 2014. He served as a Non-Independent Non-Executive Director of Cosco Corp. (Singapore) Ltd. from August 2, 2010 to July 8, 2014. Mr. Wang graduated from Shanghai Maritime University and holds Master of Business Administration degree from Fudan University. Mr. Wang is an engineer.

CEO Compensation
  • Hai Min's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Hai Min's remuneration is lower than average for companies of similar size in Hong Kong.
Management Team Tenure

Average tenure and age of the COSCO SHIPPING Holdings management team in years:

1.6
Average Tenure
48.5
Average Age
  • The average tenure for the COSCO SHIPPING Holdings management team is less than 2 years, this suggests a new team.
Management Team

Hai Min Wang

TITLE
GM & Executive Director
COMPENSATION
CN¥1M
AGE
45
TENURE
0.7 yrs

Xiaowen Huang

TITLE
Vice Chairman & Executive Director
AGE
56

Wei Zhang

TITLE
Deputy GM & Executive Director
COMPENSATION
CN¥4M
AGE
45
TENURE
2.6 yrs

Lirong Xu

TITLE
Chairman & Executive Director
AGE
61

Mingwen Zhang

TITLE
Chief Financial Officer
AGE
40
TENURE
0.3 yrs

Hongwei Xu

TITLE
Head of the Accounting Department

Wei Zhang

TITLE
Executive Director
AGE
45
TENURE
2.6 yrs

Huawei Guo

TITLE
Secretary
COMPENSATION
CN¥1M
AGE
52
TENURE
6.8 yrs

Jianhua Ma

TITLE
Deputy General Manager and Non-Executive Director

Erxin Yao

TITLE
Deputy General Manager
AGE
60
TENURE
0.3 yrs
Board of Directors Tenure

Average tenure and age of the COSCO SHIPPING Holdings board of directors in years:

1.9
Average Tenure
56
Average Age
  • The average tenure for the COSCO SHIPPING Holdings board of directors is less than 3 years, this suggests a new board.
Board of Directors

Hai Min Wang

TITLE
GM & Executive Director
COMPENSATION
CN¥1M
AGE
45
TENURE
1.9 yrs

Xiaowen Huang

TITLE
Vice Chairman & Executive Director
AGE
56
TENURE
2.5 yrs

Wei Zhang

TITLE
Deputy GM & Executive Director
COMPENSATION
CN¥4M
AGE
45
TENURE
1.9 yrs

Lirong Xu

TITLE
Chairman & Executive Director
AGE
61
TENURE
0.3 yrs

Wei Zhang

TITLE
Executive Director
AGE
45
TENURE
1.9 yrs

Jianhua Ma

TITLE
Deputy General Manager and Non-Executive Director

Siong Seng Teo

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥195K
AGE
63
TENURE
1.5 yrs

Philip Yang

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥486K
AGE
70
TENURE
4.5 yrs

Xiangyang Fu

TITLE
Chairman of the Supervisory Committee
AGE
51

Dawei Wu

TITLE
Independent Non-Executive Director
AGE
64
TENURE
1.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Start End Shares Max Price (HK$) Value (HK$)
05. Jun 18 Buy BlackRock, Inc. Company 31. May 18 31. May 18 80,141,641 HK$4.41 HK$353,664,917.33
X
Management checks
We assess COSCO SHIPPING Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. COSCO SHIPPING Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

1919 News

External News
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Simply Wall St News

Despite Its High P/E Ratio, Is COSCO SHIPPING Holdings Co Ltd (HKG:1919) Still Undervalued?

COSCO SHIPPING Holdings has a price to earnings ratio of 31.32, based on the last twelve months. … How Do I Calculate COSCO SHIPPING Holdings's Price To Earnings Ratio … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

What does COSCO SHIPPING Holdings Co Ltd's (HKG:1919) Balance Sheet Tell Us About Its Future?

Small-caps and large-caps are wildly popular among investors, however, mid-cap stocks, such as COSCO SHIPPING Holdings Co Ltd (HKG:1919), with a market capitalization of CN¥44.19b, rarely draw their attention from the investing community. … 1919’s financial liquidity and debt position will be analysed in this article, to get an idea of whether the company can fund opportunities for strategic growth and maintain strength through economic downturns. … See our latest analysis for COSCO SHIPPING Holdings

Simply Wall St -

Why COSCO SHIPPING Holdings Co Ltd's (HKG:1919) Investor Composition Impacts Your Returns

Today, I will be analyzing COSCO SHIPPING Holdings Co Ltd’s (HKG:1919) recent ownership structure, an important but not-so-popular subject among individual investors. … Ownership structure has been found to have an impact on shareholder returns in both short- and long-term. … View our latest analysis for COSCO SHIPPING Holdings

Simply Wall St -

COSCO SHIPPING Holdings Co Ltd (HKG:1919) Delivered A Better ROE Than The Industry, Here’s Why

and want to begin learning the link between company’s fundamentals and stock market performance. … COSCO SHIPPING Holdings Co Ltd (HKG:1919) performed in-line with its marine industry on the basis of its ROE – producing a return of11.18% relative to the peer average of 8.40% over the past 12 months. … Check out our latest analysis for COSCO SHIPPING Holdings

Simply Wall St -

Should You Be Happy With COSCO SHIPPING Holdings Co Ltd's (HKG:1919) Performance Lately?

Assessing COSCO SHIPPING Holdings Co Ltd's (HKG:1919) past track record of performance is a useful exercise for investors. … Below, I assess 1919's latest performance announced on 31 March 2018 and evaluate these figures to its historical trend and industry movements. … Check out our latest analysis for COSCO SHIPPING Holdings?

Simply Wall St -

Did Insiders Buy On COSCO SHIPPING Holdings Co Ltd's (HKG:1919) Price Volatility?

COSCO SHIPPING Holdings Co., Ltd., an investment holding company, engages in the container shipping, container terminals, management, and financing businesses worldwide. … COSCO SHIPPING Holdings's insiders have invested. … A research published in The MIT Press (1998) concluded that stocks following insider buying outperformed the market by 4.5%.

Simply Wall St -

Have Investors Priced In COSCO SHIPPING Holdings Co Ltd's (HKG:1919) Growth?

COSCO SHIPPING Holdings Co Ltd (HKG:1919), a shipping company based in China,. … A question to answer is whether COSCO SHIPPING Holdings's current trading price of HK$4.13 reflective of the actual value of the? … Let’s take a look at COSCO SHIPPING Holdings’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change?

Simply Wall St -

Does COSCO SHIPPING Holdings Co Ltd.'s (HKG:1919) Debt Level Pose A Problem?

This article will examine 1919’s financial liquidity and debt levels to get an idea of whether the company can deal with cyclical downturns and maintain funds to accommodate strategic spending for future growth. … Moreover, 1919 has produced cash from operations of CN¥1.52B over the same time period, leading to an operating cash to total debt ratio of 2.65%, signalling that 1919’s operating cash is not sufficient to cover its debt. … Next Steps: 1919’s cash flow coverage indicates it could improve its operating efficiency in order to meet demand for debt repayments should unforeseen events arise.

Simply Wall St -

Top SEHK High Growth Stock

1919 is expected to deliver a buoyant earnings growth over the next couple of years of 44.76%, driven by a positive double-digit revenue growth of 25.56% and cost-cutting initiatives. … 2313 is expected to deliver an extremely high earnings growth over the next couple of years of 19.02%, driven by a positive double-digit revenue growth of 36.94% and cost-cutting initiatives. … 1530 is expected to deliver a buoyant earnings growth over the next couple of years of 19.32%, bolstered by an equally impressive revenue growth of 78.55%.

Simply Wall St -

What Investors Should Know About COSCO SHIPPING Holdings Co Ltd's (HKG:1919) Financial Strength

See our latest analysis for COSCO SHIPPING Holdings How much cash does 1919 generate through its operations? … On top of this, 1919 has produced CN¥1,519.5M in operating cash flow during the same period of time, leading to an operating cash to total debt ratio of 2.65%, signalling that 1919’s current level of operating cash is not high enough to cover debt. … Since equity is smaller than total debt levels, COSCO SHIPPING Holdings is considered to have high leverage.

Simply Wall St -

1919 Company Info

Map
Description

COSCO SHIPPING Holdings Co., Ltd., an investment holding company, engages in the container shipping, container terminals, management, and financing businesses worldwide. It offers container transportation, container stack, cargo storage, vessel management and manning, freight forwarding and transportation, liner agency, shipping agency, marine, vessel owning and chartering, and other international sea transportation services. The company also provides technology services and solutions, logistics services, and document services, as well as designs and develops computer software. As of December 31, 2017, it operated 360 self-operating container vessels with a total shipping capacity of 1,819,091 TEUs. The company was formerly known as China COSCO Holdings Company Limited and changed its name to COSCO SHIPPING Holdings Co., Ltd. in November 2016. The company was founded in 2005 and is based in Shanghai, the People’s Republic of China.

Details
Name: COSCO SHIPPING Holdings Co., Ltd.
1919
Exchange: SEHK
Founded: 2005
HK$41,047,546,675
10,216,274,357
Website: http://www.chinacosco.com
Address: COSCO SHIPPING Holdings Co., Ltd.
No. 658, Dong Da Ming Road,
8th Floor,
Shanghai,
200080,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1919 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong Ltd. HK HKD 30. Jun 2005
OTCPK CICO.F Foreign Shares-Foreign Listed Pink Sheets LLC US USD 30. Jun 2005
DB C6G Foreign Shares-Foreign Listed Deutsche Boerse AG DE EUR 30. Jun 2005
SHSC 1919 Foreign Shares-Foreign Listed Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 30. Jun 2005
SZSC 1919 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 30. Jun 2005
OTCPK CICO.Y ADR Pink Sheets LLC US USD 14. Oct 2008
SHSE 601919 Domestic Shares Shanghai Stock Exchange CN CNY 26. Jun 2007
XSSC 601919 Domestic Shares Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect CN CNY 26. Jun 2007
Number of employees
Current staff
Staff numbers
21,609
COSCO SHIPPING Holdings employees.
Industry
Marine
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/11/12 11:40
End of day share price update: 2018/11/12 00:00
Last estimates confirmation: 2018/11/08
Last earnings filing: 2018/10/30
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.