SEHK:2880

Stock Analysis Report

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Executive Summary

Dalian Port (PDA) Company Limited, together with its subsidiaries, provides port and logistics services in Mainland China. More Details


Snowflake Analysis

Undervalued with solid track record.

Share Price & News

How has Dalian Port (PDA)'s share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 2880's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-2.9%

2880

-4.6%

HK Infrastructure

-5.5%

HK Market


1 Year Return

-33.7%

2880

-19.2%

HK Infrastructure

-1.9%

HK Market

Return vs Industry: 2880 underperformed the Hong Kong Infrastructure industry which returned -19.2% over the past year.

Return vs Market: 2880 underperformed the Hong Kong Market which returned -1.9% over the past year.


Shareholder returns

2880IndustryMarket
7 Day-2.9%-4.6%-5.5%
30 Day-4.3%-6.2%-7.7%
90 Day-6.9%-2.2%-1.5%
1 Year-31.6%-33.7%-14.3%-19.2%2.1%-1.9%
3 Year-46.5%-50.4%-30.0%-40.4%-8.4%-18.3%
5 Year-31.9%-38.8%-14.4%-33.7%16.1%-3.5%

Price Volatility Vs. Market

How volatile is Dalian Port (PDA)'s share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Dalian Port (PDA) undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 2880 (HK$0.67) is trading below our estimate of fair value (HK$2.31)

Significantly Below Fair Value: 2880 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 2880 is good value based on its PE Ratio (9x) compared to the HK Infrastructure industry average (10x).

PE vs Market: 2880 is good value based on its PE Ratio (9x) compared to the Hong Kong market (10.9x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 2880's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 2880 is good value based on its PB Ratio (0.4x) compared to the HK Infrastructure industry average (0.6x).


Next Steps

Future Growth

How is Dalian Port (PDA) forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

26.6%

Forecasted Transportation industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Dalian Port (PDA) has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Dalian Port (PDA) performed over the past 5 years?

10.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 2880 has high quality earnings.

Growing Profit Margin: 2880's current net profit margins (12.8%) are higher than last year (10%).


Past Earnings Growth Analysis

Earnings Trend: 2880's earnings have grown by 10.2% per year over the past 5 years.

Accelerating Growth: 2880's earnings growth over the past year (33.6%) exceeds its 5-year average (10.2% per year).

Earnings vs Industry: 2880 earnings growth over the past year (33.6%) exceeded the Infrastructure industry -7.2%.


Return on Equity

High ROE: 2880's Return on Equity (4.7%) is considered low.


Next Steps

Financial Health

How is Dalian Port (PDA)'s financial position?


Financial Position Analysis

Short Term Liabilities: 2880's short term assets (CN¥6.9B) exceed its short term liabilities (CN¥4.2B).

Long Term Liabilities: 2880's short term assets (CN¥6.9B) do not cover its long term liabilities (CN¥8.8B).


Debt to Equity History and Analysis

Debt Level: 2880's debt to equity ratio (35.2%) is considered satisfactory.

Reducing Debt: 2880's debt to equity ratio has reduced from 69.3% to 35.2% over the past 5 years.

Debt Coverage: 2880's debt is well covered by operating cash flow (27%).

Interest Coverage: 2880's interest payments on its debt are well covered by EBIT (5.6x coverage).


Balance Sheet


Next Steps

Dividend

What is Dalian Port (PDA) current dividend yield, its reliability and sustainability?

3.40%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 2880's dividend (3.4%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.31%).

High Dividend: 2880's dividend (3.4%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.06%).


Stability and Growth of Payments

Stable Dividend: 2880's dividend payments have been volatile in the past 10 years.

Growing Dividend: 2880's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (31.9%), 2880's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

0.8yrs

Average management tenure


CEO

Dequan Sun (58 yo)

0.75

Tenure

Mr. Dequan Sun serves as an Executive Director of Dalian Port (PDA) Company Limited since April 29, 2020. He also serves as the General Manager of Dalian Port (PDA) Co. since December 31, 2019. Mr. Sun hel ...


Leadership Team

NamePositionTenureCompensationOwnership
Minghui Wei
Executive Chairman0.75yrCN¥829.20kno data
Ping Wang
Deputy Chief Accountant & Deputy Head of the Finance Departmentno dataCN¥493.29kno data
Kin Lee
Joint Company Secretaryno dataCN¥1.32mno data
Huiying Wang
Joint Company Secretary1.42yrsCN¥352.89kno data
Dequan Sun
Executive Director & GM0.75yrno datano data
Zhang Tie
Chief Safety Officer0.75yrno datano data
Tai Jingang
Deputy General Manager0.75yrno datano data
Yin Kaiyang
Deputy General Manager0.75yrno datano data
Luo Dongxi
Deputy General Manager0.75yrno datano data

0.8yrs

Average Tenure

51.5yo

Average Age

Experienced Management: 2880's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Minghui Wei
Executive Chairman0.75yrCN¥829.20kno data
Dequan Sun
Executive Director & GM0.75yrno datano data
Xianjing Kong
Independent Supervisor6.17yrsCN¥41.67kno data
Zhifeng Wang
Independent Supervisor0.25yrCN¥200.00kno data
Wenjun Jia
Supervisor5.5yrsno datano data
Man Law
Independent Non-Executive Director3.25yrsno datano data
Yue Qi
Vice Chairman of the Board0.25yrno datano data
Dong Cao
Vice Chairman of the Board1.25yrsno datano data
Yi Yuan
Non-Executive Director1.25yrsno datano data
Danhong Na
Non-Executive Director0.25yrno datano data
Zhiwei Li
Independent Non-Executive Director0.25yrno datano data
Chunyan Liu
Independent Non-Executive Director0.25yrno datano data

0.6yrs

Average Tenure

53yo

Average Age

Experienced Board: 2880's board of directors are not considered experienced ( 0.6 years average tenure), which suggests a new board.


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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Dalian Port (PDA) Company Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Dalian Port (PDA) Company Limited
  • Ticker: 2880
  • Exchange: SEHK
  • Founded: 2005
  • Industry: Marine Ports and Services
  • Sector: Transportation
  • Market Cap: HK$21.030b
  • Shares outstanding: 12.89b
  • Website: https://www.dlport.cn

Number of Employees


Location

  • Dalian Port (PDA) Company Limited
  • Xingang Commercial Building
  • Dayao Bay
  • Dalian
  • Liaoning Province
  • 116001
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
2880SEHK (The Stock Exchange of Hong Kong Ltd.)YesForeign Shares-Foreign ListedHKHKDApr 2006
D7PDB (Deutsche Boerse AG)YesForeign Shares-Foreign ListedDEEURApr 2006
DLPT.FOTCPK (Pink Sheets LLC)YesForeign Shares-Foreign ListedUSUSDApr 2006
2880SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesForeign Shares-Foreign ListedHKHKDApr 2006
2880SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesForeign Shares-Foreign ListedHKHKDApr 2006
601880SHSE (Shanghai Stock Exchange)Domestic SharesCNCNYDec 2010
601880XSSC (Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect)Domestic SharesCNCNYDec 2010

Biography

Dalian Port (PDA) Company Limited, together with its subsidiaries, provides port and logistics services in Mainland China. The company offers oil/liquefied chemicals terminal and related logistics, and tra ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/26 19:20
End of Day Share Price2020/09/25 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.