SEHK:560

Stock Analysis Report

Chu Kong Shipping Enterprises (Group)

Executive Summary

Chu Kong Shipping Enterprises (Group) Company Limited, an investment holding company, engages in terminal navigation logistics, high-speed waterway passenger transportation, and fuel supply businesses in Hong Kong, Mainland China, and Macau.

Snowflake

Fundamentals

Flawless balance sheet average dividend payer.

Share Price & News

How has Chu Kong Shipping Enterprises (Group)'s share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

560

-1.7%

HK Shipping

-0.6%

HK Market


1 Year Return

-28.0%

560

1.0%

HK Shipping

0.9%

HK Market

Return vs Industry: 560 underperformed the Hong Kong Shipping industry which returned 1% over the past year.

Return vs Market: 560 underperformed the Hong Kong Market which returned 0.9% over the past year.


Shareholder returns

560IndustryMarket
7 Day0%-1.7%-0.6%
30 Day-2.3%1.2%0.8%
90 Day-22.7%-6.5%-5.7%
1 Year-23.6%-28.0%3.1%1.0%4.6%0.9%
3 Year-32.6%-41.9%0.4%-2.9%15.8%4.2%
5 Year-15.2%-32.3%-21.1%-26.3%17.8%-1.9%

Price Volatility Vs. Market

How volatile is Chu Kong Shipping Enterprises (Group)'s share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Chu Kong Shipping Enterprises (Group) undervalued compared to its fair value and its price relative to the market?

7.82x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 560 (HK$1.26) is trading above our estimate of fair value (HK$1.1)

Significantly Below Fair Value: 560 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 560 is good value based on its PE Ratio (7.8x) compared to the Shipping industry average (13.4x).

PE vs Market: 560 is good value based on its PE Ratio (7.8x) compared to the Hong Kong market (10.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 560's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 560 is good value based on its PB Ratio (0.5x) compared to the HK Shipping industry average (0.8x).


Next Steps

Future Growth

How is Chu Kong Shipping Enterprises (Group) forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

5.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 560's forecast earnings growth (5.1% per year) is above the savings rate (2%).

Earnings vs Market: 560's earnings (5.1% per year) are forecast to grow slower than the Hong Kong market (11.1% per year).

High Growth Earnings: 560's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if 560's revenue is forecast to grow faster than the Hong Kong market.

High Growth Revenue: Insufficient data to determine if 560's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 560's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Chu Kong Shipping Enterprises (Group) performed over the past 5 years?

0.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 560's earnings have grown by 0.9% per year over the past 5 years.

Accelerating Growth: 560's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 560 had negative earnings growth (-36.9%) over the past year, making it difficult to compare to the Shipping industry average (7.4%).


Return on Equity

High ROE: 560's Return on Equity (5.3%) is considered low.


Return on Assets

ROA vs Industry: 560 has a higher Return on Assets than the Shipping industry average last year.


Return on Capital Employed

ROCE Improving: 560's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Chu Kong Shipping Enterprises (Group)'s financial position?


Financial Position Analysis

Short Term Liabilities: 560's short term assets (HK$1.9B) exceeds its short term liabilities (HK$915.7M)

Long Term Liabilities: 560's short term assets (1.9B) exceeds its long term liabilities (277.8M)


Debt to Equity History and Analysis

Debt Level: 560's debt to equity ratio (10.1%) is considered satisfactory

Reducing Debt: 560's debt to equity ratio has reduced from 17.3% to 10.1% over the past 5 years.

Debt Coverage: 560's debt is well covered by operating cash flow (73.4%).

Interest Coverage: 560 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: 560 has a high level of physical assets or inventory.

Debt Coverage by Assets: 560's debt is covered by short term assets (assets are 5.5x debt).


Next Steps

Dividend

What is Chu Kong Shipping Enterprises (Group)'s current dividend yield, its reliability and sustainability?

7.14%

Current Dividend Yield


Dividend Yield vs Market

company7.1%marketbottom25%2.3%markettop25%6.2%industryaverage3.7%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: 560's dividend (7.14%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.28%).

High Dividend: 560's dividend (7.14%) is in the top 25% of dividend payers in the Hong Kong market (6.22%)

Stable Dividend: 560's dividend payments have been volatile in the past 10 years.

Growing Dividend: 560's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (55.9%), 560's dividend payments are 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 Chu Kong Shipping Enterprises (Group)'s salary, the management and board of directors tenure and is there insider trading?

1.3yrs

Average management tenure


CEO

Qiang Wu (53yo)

1.1yrs

Tenure

HK$1,137,312

Compensation

Mr. Qiang Wu has been Managing Director and Executive Director at Chu Kong Shipping Enterprises (Group) Company Limited since September 17, 2018. Mr. Wu served as Executive Deputy General Manager at Chu Ko ...


CEO Compensation Analysis

Compensation vs. Market: Qiang has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the Hong Kong market.

Compensation vs Earnings: Insufficient data to compare Qiang's compensation with company performance.


Management Age and Tenure

1.3yrs

Average Tenure

52.5yo

Average Age

Experienced Management: 560's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Age and Tenure

1.3yrs

Average Tenure

53yo

Average Age

Experienced Board: 560's board of directors are not considered experienced ( 1.3 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

  • Liezhang Huang (52yo)

    Chairman

    • Tenure: 1.9yrs
    • Compensation: HK$1.61m
  • Maggie Cheung (52yo)

    Deputy GM of the Capital operation Department & Company Secretary

    • Tenure: 0yrs
  • Buli Leng (55yo)

    Deputy GM & Executive Director

    • Tenure: 1.3yrs
    • Compensation: HK$978.91k
  • Wanan Huang (45yo)

    Financial Controller

    • Tenure: 3.2yrs
  • Jie Chen (53yo)

    Deputy GM & Executive Director

    • Tenure: 1.3yrs
    • Compensation: HK$660.87k
  • Qiang Wu (53yo)

    MD & Executive Director

    • Tenure: 1.1yrs
    • Compensation: HK$1.14m

Board Members

  • Lai Man Yau (55yo)

    Independent Non-Executive Director

    • Tenure: 14.8yrs
    • Compensation: HK$200.00k
  • Kay-Cheung Chan (73yo)

    Independent Non-Executive Director

    • Tenure: 21.5yrs
    • Compensation: HK$320.00k
  • Liezhang Huang (52yo)

    Chairman

    • Tenure: 1.9yrs
    • Compensation: HK$1.61m
  • Wuwei Liu (47yo)

    Deputy GM & Executive Director

    • Tenure: 1.3yrs
    • Compensation: HK$602.87k
  • Bing Sing Chow (69yo)

    Independent Non-Executive Director

    • Tenure: 8.3yrs
    • Compensation: HK$200.00k
  • Buli Leng (55yo)

    Deputy GM & Executive Director

    • Tenure: 1.3yrs
    • Compensation: HK$978.91k
  • Jie Chen (53yo)

    Deputy GM & Executive Director

    • Tenure: 1.3yrs
    • Compensation: HK$660.87k
  • Meihua Ye (48yo)

    Non-Executive Director

    • Tenure: 1.3yrs
  • Qiang Wu (53yo)

    MD & Executive Director

    • Tenure: 1.1yrs
    • Compensation: HK$1.14m

Company Information

Chu Kong Shipping Enterprises (Group) Company Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Chu Kong Shipping Enterprises (Group) Company Limited
  • Ticker: 560
  • Exchange: SEHK
  • Founded:
  • Industry: Marine
  • Sector: Transportation
  • Market Cap: HK$1.458b
  • Shares outstanding: 1.12b
  • Website: https://www.cksd.com

Number of Employees


Location

  • Chu Kong Shipping Enterprises (Group) Company Limited
  • Chu Kong Shipping Tower
  • 24th Floor
  • Central
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
560SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDMay 1997
CKWDB (Deutsche Boerse AG)YesOrdinary SharesDEEURMay 1997

Biography

Chu Kong Shipping Enterprises (Group) Company Limited, an investment holding company, engages in terminal navigation logistics, high-speed waterway passenger transportation, and fuel supply businesses in H ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/23 12:32
End of Day Share Price2019/10/23 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.