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

Proven track record with moderate growth potential.

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

0%

2880

3.7%

HK Infrastructure

2.9%

HK Market


1 Year Return

5.2%

2880

0.4%

HK Infrastructure

0.7%

HK Market

Return vs Industry: 2880 exceeded the Hong Kong Infrastructure industry which returned 0.4% over the past year.

Return vs Market: 2880 exceeded the Hong Kong Market which returned 0.7% over the past year.


Shareholder returns

2880IndustryMarket
7 Day0%3.7%2.9%
30 Day0%-0.1%-2.5%
90 Day0%-5.8%-5.4%
1 Year7.5%5.2%6.5%0.4%4.4%0.7%
3 Year-24.7%-28.9%-1.1%-14.3%17.0%5.2%
5 Year1.1%-7.8%10.2%-12.2%20.2%0.2%

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?

11.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: 2880 (HK$1.01) is trading below our estimate of fair value (HK$1.14)

Significantly Undervalued: 2880 is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: 2880 is poor value based on its PE Ratio (18.5x) compared to the Infrastructure industry average (8.5x).

PE vs Market: 2880 is poor value based on its PE Ratio (18.5x) compared to the Hong Kong market (10.4x).


Price to Earnings Growth Ratio

Low 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 (0.6x) compared to the HK Infrastructure industry average (0.8x).


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?

23.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 2880's forecast earnings growth (23.7% per year) is above the savings rate (2%).

Earnings vs Market: 2880's earnings (23.7% per year) are forecast to grow faster than the Hong Kong market (11.1% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if 2880's revenue is forecast to grow faster than the Hong Kong market.

High Growth Revenue: Insufficient data to determine if 2880's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if 2880's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

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

1.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 2880's earnings have grown by 1.3% per year over the past 5 years.

Accelerating Growth: 2880's earnings growth over the past year (44.9%) exceeds its 5-year average (1.3% per year).

Earnings vs Industry: 2880 earnings growth over the past year (44.9%) exceeded the Infrastructure industry 1.1%.


Return on Equity

High ROE: 2880's Return on Equity (3.7%) is considered low.


Return on Assets

ROA vs Industry: 2880's Return on Assets is below or equal to the Infrastructure industry average last year.


Return on Capital Employed

ROCE Improving: 2880 has improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

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


Financial Position Analysis

Short Term Liabilities: 2880's short term assets (CN¥7.5B) exceeds its short term liabilities (CN¥3.7B)

Long Term Liabilities: 2880's short term assets (7.5B) do not cover its long term liabilities (11.6B)


Debt to Equity History and Analysis

Debt Level: 2880's debt to equity ratio (45.3%) is considered high

Reducing Debt: 2880's debt to equity ratio has reduced from 62.2% to 45.3% over the past 5 years.

Debt Coverage: 2880's debt is not well covered by operating cash flow (17%).

Interest Coverage: 2880's interest payments on its debt are well covered by EBIT (6.1x coverage).


Balance Sheet

Inventory Level: 2880 has a high level of physical assets or inventory.

Debt Coverage by Assets: 2880's 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?

2.09%

Current Dividend Yield


Dividend Yield vs Market

company2.1%marketbottom25%2.2%markettop25%6.3%industryaverage5.3%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: 2880's dividend (2.09%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.25%).

High Dividend: 2880's dividend (2.09%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.29%).

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 (38.6%), 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

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

1.5yrs

Average board tenure


CEO

Minghui Wei (50yo)

3.5yrs

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 ...


Board Age and Tenure

1.5yrs

Average Tenure

54yo

Average Age

Experienced Board: 2880's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Arthur Lee (60yo)

    Joint Company Secretary

    • Tenure: 0yrs
  • Minghui Wei (50yo)

    GM & Executive Director

    • Tenure: 3.5yrs
    • Compensation: CN¥372.93k
  • Ping Wang (50yo)

    Deputy Chief Accountant & Deputy Head of the Finance Department

    • Tenure: 0yrs
  • Lu Yongkui (56yo)

    Director of Audit Management Centre & Supervisor

    • Tenure: 2.3yrs
  • Huiying Wang (41yo)

    Joint Company Secretary

    • Tenure: 0.5yrs

Board Members

  • Song Xu (47yo)

    Chairman of the Board

    • Tenure: 0.6yrs
  • Zhifeng Wang (64yo)

    Independent Non-Executive Director

    • Tenure: 5yrs
    • Compensation: CN¥200.00k
  • Xiyun Sun (68yo)

    Independent Non-Executive Director

    • Tenure: 4.6yrs
    • Compensation: CN¥200.00k
  • Minghui Wei (50yo)

    GM & Executive Director

    • Tenure: 3.5yrs
    • Compensation: CN¥372.93k
  • Martin Law (52yo)

    Independent Non-Executive Director

    • Tenure: 2.3yrs
  • Lu Yongkui (56yo)

    Director of Audit Management Centre & Supervisor

    • Tenure: 2.3yrs
  • Kong Yim

    Vice Chairman

    • Tenure: 0.3yrs
  • Jianhui Li

    Non-Executive Director

    • Tenure: 0.3yrs
  • Dong Cao

    Vice Chairman

    • Tenure: 0.3yrs
  • Yi Yuan

    Non-Executive Director

    • Tenure: 0.3yrs

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$23.109b
  • 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 Analysis2019/10/15 12:43
End of Day Share Price2019/10/15 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.