Dalian Port (PDA)
Market Cap
HK$21.0b
Last Updated
2020/09/26 19:20 UTC
Data Sources
Company Financials
Executive Summary
Dalian Port (PDA) Company Limited, together with its subsidiaries, provides port and logistics services in Mainland China. More Details
Rewards
Risk Analysis
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
| 2880 | Industry | Market | |
|---|---|---|---|
| 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
2 months ago | Simply Wall St
Here's What We Like About Dalian Port (PDA)'s (HKG:2880) Upcoming Dividend3 months ago | Simply Wall St
If You Had Bought Dalian Port (PDA) (HKG:2880) Stock Five Years Ago, You'd Be Sitting On A 60% Loss, Today4 months ago | Simply Wall St
Should We Worry About Dalian Port (PDA) Company Limited's (HKG:2880) P/E Ratio?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
- Examine whether Dalian Port (PDA) is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Dalian Port (PDA) competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Transportation industry.
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 0.75yr | CN¥829.20k | no data | |
| Deputy Chief Accountant & Deputy Head of the Finance Department | no data | CN¥493.29k | no data | |
| Joint Company Secretary | no data | CN¥1.32m | no data | |
| Joint Company Secretary | 1.42yrs | CN¥352.89k | no data | |
| Executive Director & GM | 0.75yr | no data | no data | |
| Chief Safety Officer | 0.75yr | no data | no data | |
| Deputy General Manager | 0.75yr | no data | no data | |
| Deputy General Manager | 0.75yr | no data | no data | |
| Deputy General Manager | 0.75yr | no data | no 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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 0.75yr | CN¥829.20k | no data | |
| Executive Director & GM | 0.75yr | no data | no data | |
| Independent Supervisor | 6.17yrs | CN¥41.67k | no data | |
| Independent Supervisor | 0.25yr | CN¥200.00k | no data | |
| Supervisor | 5.5yrs | no data | no data | |
| Independent Non-Executive Director | 3.25yrs | no data | no data | |
| Vice Chairman of the Board | 0.25yr | no data | no data | |
| Vice Chairman of the Board | 1.25yrs | no data | no data | |
| Non-Executive Director | 1.25yrs | no data | no data | |
| Non-Executive Director | 0.25yr | no data | no data | |
| Independent Non-Executive Director | 0.25yr | no data | no data | |
| Independent Non-Executive Director | 0.25yr | no data | no 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 2880 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Foreign Shares-Foreign Listed | HK | HKD | Apr 2006 |
| D7P | DB (Deutsche Boerse AG) | Yes | Foreign Shares-Foreign Listed | DE | EUR | Apr 2006 |
| DLPT.F | OTCPK (Pink Sheets LLC) | Yes | Foreign Shares-Foreign Listed | US | USD | Apr 2006 |
| 2880 | SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect) | Yes | Foreign Shares-Foreign Listed | HK | HKD | Apr 2006 |
| 2880 | SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect) | Yes | Foreign Shares-Foreign Listed | HK | HKD | Apr 2006 |
| 601880 | SHSE (Shanghai Stock Exchange) | Domestic Shares | CN | CNY | Dec 2010 | |
| 601880 | XSSC (Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect) | Domestic Shares | CN | CNY | Dec 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/09/26 19:20 |
| End of Day Share Price | 2020/09/25 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.