Financials COSCO SHIPPING Holdings Co., Ltd.

Equities

1919

CNE1000002J7

Marine Freight & Logistics

Market Closed - Hong Kong S.E. 04:08:11 2024-05-08 am EDT 5-day change 1st Jan Change
10.68 HKD +0.75% Intraday chart for COSCO SHIPPING Holdings Co., Ltd. +5.12% +36.05%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 58,281 138,325 277,974 154,473 145,618 187,364 - -
Enterprise Value (EV) 1 133,760 184,255 173,361 -27,169 15,853 67,958 74,375 55,420
P/E ratio 5.13 x 9.66 x 2.22 x 1.04 x - 7.64 x 10.1 x 8.91 x
Yield - - 7.06% - - 6.49% 5.18% 5.61%
Capitalization / Revenue 0.39 x 0.81 x 0.83 x 0.4 x 0.83 x 0.98 x 1.06 x 1.02 x
EV / Revenue 0.89 x 1.08 x 0.52 x -0.07 x 0.09 x 0.35 x 0.42 x 0.3 x
EV / EBITDA 7.66 x 9.29 x 1.23 x -0.16 x 0.39 x 1.57 x 2.18 x 1.34 x
EV / FCF 39 x 4.78 x 1.12 x -0.15 x 2.07 x 1.7 x 1.97 x 1.35 x
FCF Yield 2.56% 20.9% 89.1% -690% 48.4% 58.8% 50.8% 73.8%
Price to Book 0.98 x 2.19 x 1.48 x - - 0.76 x 0.74 x 0.71 x
Nbr of stocks (in thousands) 15,937,388 15,937,388 16,014,126 16,094,678 16,014,576 15,957,587 - -
Reference price 2 2.172 6.021 12.32 7.030 7.135 9.873 9.873 9.873
Announcement Date 3/30/20 3/8/21 3/10/22 3/30/23 3/28/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 150,541 171,259 333,694 391,058 175,448 191,672 177,124 183,572
EBITDA 1 17,452 19,828 141,355 174,944 40,860 43,573 34,077 41,206
EBIT 1 5,387 13,931 128,297 167,264 33,114 34,149 26,551 30,723
Operating Margin 3.58% 8.13% 38.45% 42.77% 18.87% 17.82% 14.99% 16.74%
Earnings before Tax (EBT) 1 4,059 13,948 127,949 167,097 33,077 32,594 23,441 30,372
Net income 1 6,690 9,927 89,296 109,595 23,860 21,711 16,984 19,972
Net margin 4.44% 5.8% 26.76% 28.03% 13.6% 11.33% 9.59% 10.88%
EPS 2 0.4231 0.6231 5.560 6.770 - 1.293 0.9764 1.108
Free Cash Flow 1 3,426 38,564 154,423 187,365 7,666 39,963 37,810 40,916
FCF margin 2.28% 22.52% 46.28% 47.91% 4.37% 20.85% 21.35% 22.29%
FCF Conversion (EBITDA) 19.63% 194.5% 109.24% 107.1% 18.76% 91.72% 110.95% 99.3%
FCF Conversion (Net income) 51.21% 388.48% 172.93% 170.96% 32.13% 184.06% 222.62% 204.87%
Dividend per Share 2 - - 0.8700 - - 0.6403 0.5116 0.5536
Announcement Date 3/30/20 3/8/21 3/10/22 3/30/23 3/28/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2021 Q4 2021 S2 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2022 S2 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 S1 2024 Q3 2024 Q4 2024 S2
Net sales 1 78,778 74,053 - - - - - - 74,518 180,274 47,353 44,489 91,843 42,714 40,891 48,270 50,008 100,017 50,008 50,008 100,017
EBITDA - - - - - - - - - - - - - - - - - - - - -
EBIT - - - - - - - - 26,232 75,331 9,853 - - - 2,539 9,160 - - - - -
Operating Margin - - - - - - - - 35.2% 41.79% 20.81% - - - 6.21% 18.98% - - - - -
Earnings before Tax (EBT) - - - - - - - - - - - - - - - - - - - - -
Net income 5,526 - 21,706 52,198 27,617 37,094 64,722 32,493 - - 7,127 9,433 16,561 5,510 - - - - - - -
Net margin 7.01% - - - - - - - - - 15.05% 21.2% 18.03% 12.9% - - - - - - -
EPS - - - - - - - - - - - - - - - - - - - - -
Dividend per Share - - - - - - - - - - - - - - - - - - - - -
Announcement Date 3/30/20 8/28/20 3/10/22 3/10/22 4/29/22 8/30/22 8/30/22 10/28/22 3/30/23 3/30/23 4/28/23 8/29/23 8/29/23 10/30/23 3/28/24 4/29/24 - - - - -
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 81,288 45,931 - - - - - -
Net Cash position 1 - - 104,613 181,642 129,764 96,199 112,989 131,943
Leverage (Debt/EBITDA) 4.658 x 2.316 x - - - - - -
Free Cash Flow 1 3,426 38,564 154,423 187,365 7,666 39,963 37,810 40,916
ROE (net income / shareholders' equity) 4.65% 25% 101% 59.6% 11.8% 10.6% 7.42% 8.86%
ROA (Net income/ Total Assets) 0.55% 3.72% 26% 23.7% - 4.83% 3.62% 4.88%
Assets 1 1,210,550 267,073 342,797 463,027 - 449,141 469,109 408,967
Book Value Per Share 2 2.220 2.760 8.310 - - 12.90 13.30 13.90
Cash Flow per Share 2 0.6400 2.820 10.60 - - 1.870 1.190 1.430
Capex 1 11,083 6,466 9,550 9,434 14,946 15,519 16,109 12,272
Capex / Sales 7.36% 3.78% 2.86% 2.41% 8.52% 8.08% 9.09% 6.69%
Announcement Date 3/30/20 3/8/21 3/10/22 3/30/23 3/28/24 - - -
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
A-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
11
Last Close Price
9.873 CNY
Average target price
9.217 CNY
Spread / Average Target
-6.64%
Consensus

Quarterly revenue - Rate of surprise

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  4. Financials COSCO SHIPPING Holdings Co., Ltd.
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