SEHK:2880

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Fair value with moderate growth potential.

Risks

  • Dalian Port (PDA) is not covered by any analysts.

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


Market Performance


7 Day Return

-1.0%

SEHK:2880

0.2%

HK Infrastructure

1.2%

HK Market


1 Year Return

-7.5%

SEHK:2880

-6.2%

HK Infrastructure

-9.5%

HK Market

2880 underperformed the Infrastructure industry which returned -6.2% over the past year.

2880 outperformed the Market in Hong Kong which returned -9.5% over the past year.


Share holder returns

2880IndustryMarket
7 Day-1.0%0.2%1.2%
30 Day-2.0%-8.2%-8.0%
90 Day0%-8.4%-5.9%
1 Year-5.5%-7.5%-0.8%-6.2%-6.2%-9.5%
3 Year-30.6%-34.4%-5.4%-17.7%14.5%3.1%
5 Year0.3%-8.6%3.6%-17.5%8.5%-9.5%

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

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Dalian Port (PDA)'s share price is below the future cash flow value, and at a moderate discount (> 20%).

Dalian Port (PDA)'s share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Dalian Port (PDA) is overvalued based on earnings compared to the HK Infrastructure industry average.

Dalian Port (PDA) is overvalued based on earnings compared to the Hong Kong market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Dalian Port (PDA), we can't assess if its growth is good value.


Price Based on Value of Assets

Dalian Port (PDA) is good value based on assets compared to the HK Infrastructure industry average.


Next Steps

Future Growth

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

23.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Dalian Port (PDA) is high growth as no revenue estimate data is available.

Dalian Port (PDA)'s earnings are expected to grow significantly at over 20% yearly.

Unable to compare Dalian Port (PDA)'s revenue growth to the Hong Kong market average as no estimate data is available.

Dalian Port (PDA)'s earnings growth is expected to exceed the Hong Kong market average.

Dalian Port (PDA)'s earnings growth is expected to exceed the low risk savings rate of 2%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Dalian Port (PDA) will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

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

-1.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Dalian Port (PDA)'s year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.

Dalian Port (PDA)'s 1-year earnings growth exceeds its 5-year average (137.5% vs -1.1%)

Dalian Port (PDA)'s earnings growth has exceeded the HK Infrastructure industry average in the past year (137.5% vs 7.3%).


Return on Equity

Dalian Port (PDA) has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Dalian Port (PDA) used its assets less efficiently than the HK Infrastructure industry average last year based on Return on Assets.


Return on Capital Employed

Dalian Port (PDA)'s use of capital has not improved over the past 3 years (Return on Capital Employed).


Next Steps

Financial Health

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


Financial Position Analysis

Dalian Port (PDA) is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Dalian Port (PDA)'s long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Dalian Port (PDA)'s level of debt (52.6%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (67% vs 52.6% today).

Debt is not well covered by operating cash flow (16.4%, less than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 5.4x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.8x debt.


Next Steps

Dividend

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

2.14%

Current Dividend Yield


Dividend Yield and Payments Analysis

Dalian Port (PDA)'s pays a lower dividend yield than the bottom 25% of dividend payers in Hong Kong (2.27%).

Dalian Port (PDA)'s dividend is below the markets top 25% of dividend payers in Hong Kong (6.19%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have fallen over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (2.7x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Dalian Port (PDA)'s salary, the management and board of directors tenure and is there insider trading?

1.3yrs

Average board tenure


CEO

Minghui Wei (50yo)

3.3yrs

Tenure

CN¥372,927

Compensation

Mr. Minghui Wei has been General Manager of Dalian Port (PDA) Company Limited since April 27, 2016 and as its Executive Director since February 24, 2016. Mr. Wei served as Deputy Director of the Shenyang o ...


CEO Compensation Analysis

Minghui's remuneration is lower than average for companies of similar size in Hong Kong.

Minghui's compensation has been consistent with company performance over the past year, both up more than 20%.


Board Age and Tenure

1.3yrs

Average Tenure

54yo

Average Age

The average tenure for the Dalian Port (PDA) board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Arthur Lee (60yo)

    Joint Company Secretary

    • Tenure: 0.0yrs
  • Minghui Wei (50yo)

    GM & Executive Director

    • Tenure: 3.3yrs
    • Compensation: CN¥372.93k
  • Ping Wang (50yo)

    Deputy Chief Accountant & Deputy Head of the Finance Department

    • Tenure: 0.0yrs
  • Lu Yongkui (56yo)

    Director of Audit Management Centre & Supervisor

    • Tenure: 2.2yrs
  • Huiying Wang (41yo)

    Joint Company Secretary

    • Tenure: 0.3yrs

Board Members

  • Song Xu (47yo)

    Chairman of the Board

    • Tenure: 0.4yrs
  • Zhifeng Wang (64yo)

    Independent Non-Executive Director

    • Tenure: 4.8yrs
    • Compensation: CN¥200.00k
  • Xiyun Sun (68yo)

    Independent Non-Executive Director

    • Tenure: 4.4yrs
    • Compensation: CN¥200.00k
  • Minghui Wei (50yo)

    GM & Executive Director

    • Tenure: 3.3yrs
    • Compensation: CN¥372.93k
  • Martin Law (52yo)

    Independent Non-Executive Director

    • Tenure: 2.2yrs
  • Lu Yongkui (56yo)

    Director of Audit Management Centre & Supervisor

    • Tenure: 2.2yrs
  • Kong Yim

    Vice Chairman

    • Tenure: 0.2yrs
  • Jianhui Li

    Non-Executive Director

    • Tenure: 0.2yrs
  • Dong Cao

    Vice Chairman

    • Tenure: 0.2yrs
  • Yi Yuan

    Non-Executive Director

    • Tenure: 0.2yrs

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$22.290b
  • 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
  • 116601
  • 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 Analysis2019/08/20 12:40
End of Day Share Price2019/08/20 00:00
Earnings2019/03/31
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.