OTCPK:CSPK.Y

Stock Analysis Report

Executive Summary

COSCO SHIPPING Ports Limited, an investment holding company, engages in managing and operating terminals and related other businesses in Mainland China, Southeast Asia, the Middle East, Europe, and the Mediterranean.

Snowflake

Fundamentals

Undervalued average dividend payer.


Similar Companies

Share Price & News

How has COSCO SHIPPING Ports's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

CSPK.Y

0.2%

US Infrastructure

1.3%

US Market


1 Year Return

n/a

CSPK.Y

-41.5%

US Infrastructure

5.9%

US Market


Shareholder returns

CSPK.YIndustryMarket
7 Day0%0.2%1.3%
30 Day0%-1.6%-1.9%
90 Day0%-16.1%-1.8%
1 Yearn/a-38.5%-41.5%8.3%5.9%
3 Yearn/a-44.4%-56.3%45.6%36.2%
5 Yearn/a-15.9%-42.8%66.1%47.9%

Price Volatility Vs. Market

How volatile is COSCO SHIPPING Ports's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is COSCO SHIPPING Ports undervalued compared to its fair value and its price relative to the market?

39.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: CSPK.Y ($9.45) is trading below our estimate of fair value ($15.68)

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


Price To Earnings Ratio

PE vs Industry: CSPK.Y is good value based on its PE Ratio (8.4x) compared to the Infrastructure industry average (10.6x).

PE vs Market: CSPK.Y is good value based on its PE Ratio (8.4x) compared to the US market (17.5x).


Price to Earnings Growth Ratio

Low PEG Ratio: CSPK.Y is good value based on its PEG Ratio (0.8x)


Price to Book Ratio

PB vs Industry: CSPK.Y is good value based on its PB Ratio (0.5x) compared to the US Infrastructure industry average (0.8x).


Next Steps

Future Growth

How is COSCO SHIPPING Ports forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

10.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CSPK.Y's forecast earnings growth (10.7% per year) is above the savings rate (2.7%).

Earnings vs Market: CSPK.Y's earnings (10.7% per year) are forecast to grow slower than the US market (14.4% per year).

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

Revenue vs Market: CSPK.Y's revenue (10% per year) is forecast to grow faster than the US market (7.3% per year).

High Growth Revenue: CSPK.Y's revenue (10% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Information is not available.


Next Steps

Past Performance

How has COSCO SHIPPING Ports performed over the past 5 years?

6.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: CSPK.Y's earnings have grown by 6.9% per year over the past 5 years.

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

Earnings vs Industry: CSPK.Y had negative earnings growth (-43.9%) over the past year, making it difficult to compare to the Infrastructure industry average (36.9%).


Return on Equity

High ROE: CSPK.Y's Return on Equity (6%) is considered low.


Return on Assets

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


Return on Capital Employed

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


Next Steps

Financial Health

How is COSCO SHIPPING Ports's financial position?


Financial Position Analysis

Short Term Liabilities: CSPK.Y's short term assets ($915.5M) exceeds its short term liabilities ($774.5M)

Long Term Liabilities: CSPK.Y's short term assets (915.5M) do not cover its long term liabilities (3.1B)


Debt to Equity History and Analysis

Debt Level: CSPK.Y's debt to equity ratio (43.3%) is considered high

Reducing Debt: CSPK.Y's debt to equity ratio has increased from 43% to 43.3% over the past 5 years.

Debt Coverage: CSPK.Y's debt is not well covered by operating cash flow (10.5%).

Interest Coverage: CSPK.Y's interest payments on its debt are well covered by EBIT (3.3x coverage).


Balance Sheet

Information is not available.

Information is not available.


Next Steps

Dividend

What is COSCO SHIPPING Ports's current dividend yield, its reliability and sustainability?

5.07%

Current Dividend Yield


Dividend Yield vs Market

company5.1%marketbottom25%1.5%markettop25%3.8%industryaverage3.3%forecastin3Years5.4%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: CSPK.Y's dividend (5.07%) is higher than the bottom 25% of dividend payers in the US market (1.47%).

High Dividend: CSPK.Y's dividend (5.07%) is in the top 25% of dividend payers in the US market (3.77%)

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

Growing Dividend: CSPK.Y's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (42.7%), CSPK.Y's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CSPK.Y's dividends in 3 years are forecast to be well covered by earnings (38.4% payout ratio).


Next Steps

Management

What is the CEO of COSCO SHIPPING Ports's salary, the management and board of directors tenure and is there insider trading?

3.6yrs

Average management tenure


CEO

Wei Zhang (45yo)

3.3yrs

Tenure

US$872,000

Compensation

Mr. Wei Zhang has been Chairman and Managing Director of COSCO SHIPPING Ports Limited since April 25, 2019 and April 27, 2016 respectively and also has been its Executive Director since August 14, 2015. Mr ...


CEO Compensation Analysis

Information is not available.

Compensation vs Earnings: Wei's compensation has been consistent with company performance over the past year.


Management Age and Tenure

3.6yrs

Average Tenure

57yo

Average Age

Experienced Management: CSPK.Y's management team is considered experienced (3.6 years average tenure).


Board Age and Tenure

6.0yrs

Average Tenure

57yo

Average Age

Experienced Board: CSPK.Y's board of directors are considered experienced (6 years average tenure).


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

  • Michelle Hung (49yo)

    General Counsel & Company Secretary

    • Tenure: 22.8yrs
  • Kelvin Wong (59yo)

    Deputy MD & Executive Director

    • Tenure: 23.1yrs
    • Compensation: US$487.00k
  • Fusheng Zhang (68yo)

    EVP - China Ocean Shipping (Group) Company and Director of COSCO Container Lines Company Ltd

    • Tenure: 0yrs
    • Compensation: US$8.00k
  • Futian Wang (68yo)

    President of COSCO Hong Kong

    • Tenure: 0yrs
    • Compensation: US$8.00k
  • Wei Zhang (45yo)

    Chairman & MD

    • Tenure: 3.3yrs
    • Compensation: US$872.00k
  • Huangjun Deng (55yo)

    Deputy MD & Executive Director

    • Tenure: 3.8yrs
    • Compensation: US$377.00k
  • Xiaomin Zeng (59yo)

    Deputy Managing Director

    • Tenure: 3.3yrs
  • Dayu Zhang (46yo)

    Deputy Managing Director

    • Tenure: 3.3yrs

Board Members

  • Kelvin Wong (59yo)

    Deputy MD & Executive Director

    • Tenure: 23.1yrs
    • Compensation: US$487.00k
  • Adrian David Li (46yo)

    Independent Non-Executive Director

    • Tenure: 7.3yrs
    • Compensation: US$56.00k
  • Fusheng Zhang (68yo)

    EVP - China Ocean Shipping (Group) Company and Director of COSCO Container Lines Company Ltd

    • Tenure: 0yrs
    • Compensation: US$8.00k
  • Rita Fan (73yo)

    Independent Non Executive Director

    • Tenure: 10.6yrs
    • Compensation: US$50.00k
  • Wei Zhang (45yo)

    Chairman & MD

    • Tenure: 3.3yrs
    • Compensation: US$872.00k
  • Huangjun Deng (55yo)

    Deputy MD & Executive Director

    • Tenure: 3.8yrs
    • Compensation: US$377.00k
  • Haimin Wang (46yo)

    Non-Executive Director

    • Tenure: 8.8yrs
    • Compensation: US$15.00k
  • Yiu Kin Lam (64yo)

    Independent Non-Executive Director

    • Tenure: 4yrs
    • Compensation: US$40.00k
  • Ergang Fan (64yo)

    Independent Non-Executive Director

    • Tenure: 6yrs
    • Compensation: US$33.00k
  • Boming Feng (50yo)

    Non-Executive Director

    • Tenure: 2.8yrs
    • Compensation: US$4.00k

Company Information

COSCO SHIPPING Ports Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: COSCO SHIPPING Ports Limited
  • Ticker: CSPK.Y
  • Exchange: OTCPK
  • Founded: 1994
  • Industry: Marine Ports and Services
  • Sector: Transportation
  • Market Cap: HK$20.708b
  • Listing Market Cap: HK$2.640b
  • Shares outstanding: 3.16b
  • Website: https://ports.coscoshipping.com

Number of Employees


Location

  • COSCO SHIPPING Ports Limited
  • COSCO Tower
  • 49th Floor
  • Central
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CSPK.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDDec 1994
1199SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDDec 1994
CTHDB (Deutsche Boerse AG)YesOrdinary SharesDEEURDec 1994
1199SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesOrdinary SharesHKHKDDec 1994
1199SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesOrdinary SharesHKHKDDec 1994
CSPK.YOTCPK (Pink Sheets LLC)UNSPONSORD ADRUSUSDOct 2008

Biography

COSCO SHIPPING Ports Limited, an investment holding company, engages in managing and operating terminals and related other businesses in Mainland China, Southeast Asia, the Middle East, Europe, and the Med ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/29 00:06
End of Day Share Price2019/05/31 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.