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2613

China Container Terminal TWSE:2613 Stock Report

Last Price

NT$26.30

Market Cap

NT$3.6b

7D

1.9%

1Y

-21.3%

Updated

10 Aug, 2022

Data

Company Financials
2613 fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance5/6
Financial Health4/6
Dividends2/6

2613 Stock Overview

China Container Terminal Corporation provides contracted operations of container freight stations at port and on land.

China Container Terminal Competitors

Price History & Performance

Summary of all time highs, changes and price drops for China Container Terminal
Historical stock prices
Current Share PriceNT$26.30
52 Week HighNT$43.25
52 Week LowNT$22.40
Beta0.99
1 Month Change-0.19%
3 Month Change-27.45%
1 Year Change-21.26%
3 Year Change97.74%
5 Year Change102.46%
Change since IPO-34.39%

Recent News & Updates

Shareholder Returns

2613TW InfrastructureTW Market
7D1.9%0.8%2.4%
1Y-21.3%7.1%-12.5%

Return vs Industry: 2613 underperformed the TW Infrastructure industry which returned 7.1% over the past year.

Return vs Market: 2613 underperformed the TW Market which returned -12.5% over the past year.

Price Volatility

Is 2613's price volatile compared to industry and market?
2613 volatility
2613 Average Weekly Movement5.7%
Infrastructure Industry Average Movement4.5%
Market Average Movement5.1%
10% most volatile stocks in TW Market8.4%
10% least volatile stocks in TW Market2.5%

Stable Share Price: 2613 is not significantly more volatile than the rest of TW stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 2613's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1958n/an/ahttps://www.cctcorp.com.tw

China Container Terminal Corporation provides contracted operations of container freight stations at port and on land. It offers ship stevedore operations in commercial port areas. The company was founded in 1958 and is headquartered in New Taipei City, Taiwan.

China Container Terminal Fundamentals Summary

How do China Container Terminal's earnings and revenue compare to its market cap?
2613 fundamental statistics
Market CapNT$3.59b
Earnings (TTM)NT$247.30m
Revenue (TTM)NT$3.15b

14.5x

P/E Ratio

1.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
2613 income statement (TTM)
RevenueNT$3.15b
Cost of RevenueNT$2.56b
Gross ProfitNT$581.53m
Other ExpensesNT$334.23m
EarningsNT$247.30m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.81
Gross Margin18.49%
Net Profit Margin7.86%
Debt/Equity Ratio55.3%

How did 2613 perform over the long term?

See historical performance and comparison

Dividends

6.3%

Current Dividend Yield

91%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 2613 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2613?

Other financial metrics that can be useful for relative valuation.

2613 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.9x
Enterprise Value/EBITDA15.7x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 2613's PE Ratio compare to its peers?

2613 PE Ratio vs Peers
The above table shows the PE ratio for 2613 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average38.4x
5601 Taiwan Allied Container Terminal
111xn/aNT$2.4b
2607 Evergreen International Storage & Transport
20.4xn/aNT$31.9b
5603 Sea & Land Integrated
4.2xn/aNT$3.2b
2640 Taiwan TaxiLtd
18.5xn/aNT$4.9b
2613 China Container Terminal
14.5xn/aNT$3.6b

Price-To-Earnings vs Peers: 2613 is good value based on its Price-To-Earnings Ratio (14.5x) compared to the peer average (38.4x).


Price to Earnings Ratio vs Industry

How does 2613's PE Ratio compare vs other companies in the Asian Infrastructure Industry?

Price-To-Earnings vs Industry: 2613 is expensive based on its Price-To-Earnings Ratio (14.5x) compared to the Asian Infrastructure industry average (12.6x)


Price to Earnings Ratio vs Fair Ratio

What is 2613's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

2613 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14.5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 2613's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 2613 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2613 (NT$26.3) is trading below our estimate of fair value (NT$74.06)

Significantly Below Fair Value: 2613 is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is China Container Terminal forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


36.6%

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 China Container Terminal 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.


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  • Examine whether China Container Terminal 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.

Past Performance

How has China Container Terminal performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


33.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 2613 has high quality earnings.

Growing Profit Margin: 2613's current net profit margins (7.9%) are higher than last year (1.8%).


Past Earnings Growth Analysis

Earnings Trend: 2613's earnings have grown significantly by 33.4% per year over the past 5 years.

Accelerating Growth: 2613's earnings growth over the past year (380.4%) exceeds its 5-year average (33.4% per year).

Earnings vs Industry: 2613 earnings growth over the past year (380.4%) exceeded the Infrastructure industry 11.9%.


Return on Equity

High ROE: 2613's Return on Equity (8.1%) is considered low.


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Financial Health

How is China Container Terminal's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 2613's short term assets (NT$1.6B) exceed its short term liabilities (NT$1.5B).

Long Term Liabilities: 2613's short term assets (NT$1.6B) do not cover its long term liabilities (NT$6.4B).


Debt to Equity History and Analysis

Debt Level: 2613's net debt to equity ratio (30.6%) is considered satisfactory.

Reducing Debt: 2613's debt to equity ratio has increased from 53.6% to 55.3% over the past 5 years.

Debt Coverage: 2613's debt is well covered by operating cash flow (47.4%).

Interest Coverage: 2613's interest payments on its debt are well covered by EBIT (3.2x coverage).


Balance Sheet


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Dividend

What is China Container Terminal current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


6.27%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 2613's dividend (6.27%) is higher than the bottom 25% of dividend payers in the TW market (2.53%).

High Dividend: 2613's dividend (6.27%) is low compared to the top 25% of dividend payers in the TW market (6.62%).


Stability and Growth of Payments

Stable Dividend: 2613 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 2613's dividend payments have increased, but the company has only paid a dividend for 8 years.


Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (91.1%), 2613's dividend payments are not well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (38.3%), 2613's dividend payments are well covered by cash flows.


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Management

How experienced are the management team and are they aligned to shareholders interests?


CEO

China Container Terminal has no CEO, or we have no data on them.


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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

China Container Terminal Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: China Container Terminal Corporation
  • Ticker: 2613
  • Exchange: TWSE
  • Founded: 1958
  • Industry: Marine Ports and Services
  • Sector: Transportation
  • Implied Market Cap: NT$3.593b
  • Shares outstanding: 136.60m
  • Website: https://www.cctcorp.com.tw

Location

  • China Container Terminal Corporation
  • No. 275, Datong Road
  • Section 3
  • New Taipei City
  • Taiwan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/10 00:00
End of Day Share Price2022/08/10 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.