Sinotrans
Market Cap
HK$30.9b
Last Updated
2019/10/17 12:34 UTC
Data Sources
Company Financials +
Executive Summary
Sinotrans Limited provides integrated logistics services primarily in the People’s Republic of China.
Snowflake
Fundamentals
Good value with adequate balance sheet and pays a dividend.
Similar Companies
Share Price & News
How has Sinotrans's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
1.6%
598
1.2%
HK Logistics
3.1%
HK Market
1 Year Return
-14.2%
598
-11.2%
HK Logistics
0.5%
HK Market
Return vs Industry: 598 underperformed the Hong Kong Logistics industry which returned -11.2% over the past year.
Return vs Market: 598 underperformed the Hong Kong Market which returned 0.5% over the past year.
Shareholder returns
| 598 | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.6% | 1.2% | 3.1% |
| 30 Day | -0.8% | -3.1% | -1.8% |
| 90 Day | -9.3% | -11.6% | -4.8% |
| 1 Year | -9.3%-14.2% | -7.0%-11.2% | 4.1%0.5% |
| 3 Year | -27.4%-35.1% | -17.2%-25.1% | 15.8%4.2% |
| 5 Year | -52.2%-59.8% | -40.9%-49.3% | 18.9%-0.9% |
Price Volatility Vs. Market
How volatile is Sinotrans's share price compared to the market and industry in the last 5 years?
Simply Wall St News
8 months ago | Simply Wall St
Why You Should Care About Sinotrans Limited’s (HKG:598) Low Return On Capital1 year ago | Simply Wall St
Was Sinotrans Limited's (HKG:598) Earnings Decline Part Of A Broader Industry Downturn?1 year ago | Simply Wall St
Is Sinotrans Limited's (HKG:598) Balance Sheet A Threat To Its Future?Valuation
Is Sinotrans undervalued compared to its fair value and its price relative to the market?
14.0%
Undervalued compared to fair value
Share Price vs. Fair Value
Undervalued: 598 (HK$2.53) is trading below our estimate of fair value (HK$2.94)
Significantly Undervalued: 598 is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: 598 is good value based on its PE Ratio (5.1x) compared to the Logistics industry average (9.4x).
PE vs Market: 598 is good value based on its PE Ratio (5.1x) compared to the Hong Kong market (10.3x).
Price to Earnings Growth Ratio
Low PEG Ratio: 598 is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: 598 is good value based on its PB Ratio (0.6x) compared to the HK Logistics industry average (0.9x).
Next Steps
Future Growth
How is Sinotrans forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
4.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 598's forecast earnings growth (4.9% per year) is above the savings rate (2%).
Earnings vs Market: 598's earnings (4.9% per year) are forecast to grow slower than the Hong Kong market (11.3% per year).
High Growth Earnings: 598's earnings are forecast to grow, but not significantly.
Revenue vs Market: 598's revenue (5.9% per year) is forecast to grow slower than the Hong Kong market (10% per year).
High Growth Revenue: 598's revenue (5.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: 598's Return on Equity is forecast to be low in 3 years time (9%).
Next Steps
Past Performance
How has Sinotrans performed over the past 5 years?
18.8%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: 598's earnings have grown by 18.8% per year over the past 5 years.
Accelerating Growth: 598's earnings growth over the past year (23.3%) exceeds its 5-year average (18.8% per year).
Earnings vs Industry: 598 earnings growth over the past year (23.3%) exceeded the Logistics industry -24.5%.
Return on Equity
High ROE: 598's Return on Equity (11.2%) is considered low.
Return on Assets
ROA vs Industry: 598's Return on Assets is below or equal to the Logistics industry average last year.
Return on Capital Employed
ROCE Improving: 598's Return on Capital Employed has declined over the past 3 years.
Next Steps
Financial Health
How is Sinotrans's financial position?
Financial Position Analysis
Short Term Liabilities: 598's short term assets (CN¥28.5B) exceeds its short term liabilities (CN¥20.8B)
Long Term Liabilities: 598's short term assets (28.5B) exceeds its long term liabilities (11.9B)
Debt to Equity History and Analysis
Debt Level: 598's debt to equity ratio (48%) is considered high
Reducing Debt: 598's debt to equity ratio has reduced from 49.2% to 48% over the past 5 years.
Debt Coverage: 598's debt is not well covered by operating cash flow (19.1%).
Interest Coverage: 598 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: 598 has a high level of physical assets or inventory.
Debt Coverage by Assets: 598's debt is covered by short term assets (assets are 2.094800x debt).
Next Steps
Dividend
What is Sinotrans's current dividend yield, its reliability and sustainability?
5.68%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: 598's dividend (5.68%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.27%).
High Dividend: 598's dividend (5.68%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.25%).
Stable Dividend: 598's dividend payments have been volatile in the past 10 years.
Growing Dividend: 598's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (29.2%), 598's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 598's dividends in 3 years are forecast to be well covered by earnings (30.1% payout ratio).
Next Steps
Management
What is the CEO of Sinotrans's salary, the management and board of directors tenure and is there insider trading?
2.8yrs
Average management tenure
CEO
Rong Song (47yo)
0.5yrs
Tenure
CN¥2,091,774
Compensation
Mr. Song Rong has been the Chairman of China Merchants Logistics Holding Co., Ltd., since 2018 and served as its General Manager until 2018. Mr. Song serves as President at Sinotrans Limited since April 22 ...
CEO Compensation Analysis
Compensation vs. Market: Rong 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 Rong's compensation with company performance.
Management Age and Tenure
2.8yrs
Average Tenure
52yo
Average Age
Experienced Management: 598's management team is considered experienced (2.8 years average tenure).
Board Age and Tenure
1.3yrs
Average Tenure
55yo
Average Age
Experienced Board: 598'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.
Recent Insider Transactions
| Entity | Company |
| Shares | 3,746,000 |
| Max Price | CN¥2.45 |
| Entity | Company |
| Shares | 7,512,762 |
| Max Price | CN¥2.47 |
| Entity | Company |
| Shares | 15,083,196 |
| Max Price | CN¥2.79 |
| Entity | Company |
| Shares | 13,944,961 |
| Max Price | CN¥2.82 |
| Entity | Company |
| Shares | 15,413,000 |
| Max Price | CN¥2.84 |
| Entity | Company |
| Shares | 16,412,800 |
| Max Price | CN¥2.83 |
| Entity | Company |
| Shares | 14,198,000 |
| Max Price | CN¥2.79 |
| Entity | Company |
| Shares | 3,066,000 |
| Max Price | CN¥2.84 |
| Entity | Company |
| Shares | 3,012,000 |
| Max Price | CN¥2.84 |
| Entity | Company |
| Shares | 2,195,000 |
| Max Price | CN¥2.84 |
| Entity | Company |
| Shares | 1,916,635 |
| Max Price | CN¥2.96 |
| Entity | Company |
| Shares | 10,991 |
| Max Price | CN¥3.72 |
| Entity | Company |
| Shares | 719,000 |
| Max Price | CN¥3.70 |
| Entity | Company |
| Shares | 159,000 |
| Max Price | CN¥3.70 |
| Entity | Company |
| Shares | 3,296,988 |
| Max Price | CN¥3.26 |
Ownership Breakdown
Management Team
Jiuyun Wang (53yo)
Chief Financial Officer
- Tenure: 2.8yrs
Lei Tian (54yo)
VP & Deputy GM
- Tenure: 1.4yrs
Chen Xianmin
Vice President
- Tenure: 0yrs
Shirley Hui (51yo)
Joint Company Secretary
- Tenure: 2.8yrs
Rong Song (47yo)
President & Director
- Tenure: 0.5yrs
- Compensation: CN¥2.09m
Hairong Chen (56yo)
Vice President
- Tenure: 1.4yrs
Dexing Song (56yo)
Vice Chairman
- Tenure: 1.3yrs
Shichu Li (49yo)
Joint Company Secretary
- Tenure: 2.8yrs
Xiang Gao (47yo)
Chief Information Officer
- Tenure: 3.1yrs
Board Members
Jerry Hsu (68yo)
Non-Executive Director
- Tenure: 16.3yrs
Taiwen Wang (73yo)
Independent Non-Executive Director
- Tenure: 1.8yrs
- Compensation: CN¥166.18k
Jiang Jian (55yo)
Non-Executive Director
- Tenure: 0.3yrs
Guanpeng Li (53yo)
Executive Chairman
- Tenure: 0.7yrs
- Compensation: CN¥2.31m
Rong Song (47yo)
President & Director
- Tenure: 0.5yrs
- Compensation: CN¥2.09m
Dexing Song (56yo)
Vice Chairman
- Tenure: 1.3yrs
Yan Meng (64yo)
Independent Non-Executive Director
- Tenure: 1.3yrs
- Compensation: CN¥92.65k
Haiqing Song (41yo)
Independent Non-Executive Director
- Tenure: 1.3yrs
- Compensation: CN¥92.65k
Qian Li (51yo)
Independent Non-Executive Director
- Tenure: 1.3yrs
- Compensation: CN¥92.65k
Yingjie Liu
Chairman of Supervisory Board
- Tenure: 0.3yrs
Company Information
Sinotrans Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Sinotrans Limited
- Ticker: 598
- Exchange: SEHK
- Founded: 1950
- Industry: Air Freight and Logistics
- Sector: Transportation
- Market Cap: HK$30.917b
- Shares outstanding: 7.40b
- Website: https://www.sinotrans.com
Number of Employees
Location
- Sinotrans Limited
- Building 10/Sinotrans Tower B
- 10th Floor
- Beijing
- 100029
- China
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SNOT.F | OTCPK (Pink Sheets LLC) | Yes | Foreign Shares-Foreign Listed | US | USD | Feb 2003 |
| 598 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Foreign Shares-Foreign Listed | HK | HKD | Feb 2003 |
| SIY | DB (Deutsche Boerse AG) | Yes | Foreign Shares-Foreign Listed | DE | EUR | Feb 2003 |
| 598 | SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect) | Yes | Foreign Shares-Foreign Listed | HK | HKD | Feb 2003 |
| 598 | SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect) | Yes | Foreign Shares-Foreign Listed | HK | HKD | Feb 2003 |
| 601598 | SHSE (Shanghai Stock Exchange) | Domestic Shares | CN | CNY | Jan 2019 | |
| 601598 | XSSC (Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect) | Domestic Shares | CN | CNY | Jan 2019 |
Biography
Sinotrans Limited provides integrated logistics services primarily in the People’s Republic of China. The company operates through Freight Forwarding, Logistics, Storage and Terminal Services, and Other Se ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/17 12:34 |
| End of Day Share Price | 2019/10/17 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.