Financials Qingdao Port International Co., Ltd.

Equities

6198

CNE100001SG2

Marine Port Services

Market Closed - Hong Kong S.E. Other stock markets 04:08:35 2024-05-13 am EDT			5-day change	1st Jan Change
5.51 ^HKD	-0.18%		+7.83%	+30.26%

Apr. 26	Qingdao Port International's Cargo and Container Throughput Rise in Q1	MT
Apr. 26	Qingdao Port International Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	42,464	39,086	34,555	33,871	37,592	51,816	-	-
Enterprise Value (EV) ¹	38,375	30,921	27,048	33,871	37,592	51,816	51,816	51,816
P/E ratio	8.38 x	6.83 x	5.77 x	4.77 x	5.06 x	6.42 x	6.15 x	5.89 x
Yield	4.05%	6.5%	7.28%	-	7.61%	6.12%	6.27%	6.45%
Capitalization / Revenue	3.49 x	2.96 x	2.15 x	1.76 x	2.07 x	2.62 x	2.41 x	2.23 x
EV / Revenue	3.49 x	2.96 x	2.15 x	1.76 x	2.07 x	2.62 x	2.41 x	2.23 x
EV / EBITDA	7.22 x	6.14 x	6.85 x	5.7 x	5.85 x	7.88 x	7.75 x	7.55 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	1.06 x	0.79 x	0.65 x	0.58 x	0.62 x	0.76 x	0.71 x	0.66 x
Nbr of stocks (in thousands)	6,491,100	6,491,100	6,491,100	6,491,100	6,491,100	6,491,100	-	-
Reference price ²	4.942	4.032	3.520	3.338	3.845	5.101	5.101	5.101
Announcement Date	3/26/20	3/29/21	3/30/22	3/29/23	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	12,164	13,219	16,099	19,263	18,173	19,769	21,513	23,195
EBITDA ¹	5,881	6,365	5,048	5,942	6,423	6,573	6,689	6,859
EBIT ¹	5,113	5,522	4,064	4,741	6,753	7,457	8,267	9,072
Operating Margin	42.04%	41.77%	25.25%	24.61%	37.16%	37.72%	38.43%	39.11%
Earnings before Tax (EBT) ¹	5,127	5,525	-	-	6,790	7,473	8,294	9,093
Net income ¹	3,790	3,842	3,964	4,525	4,923	5,419	6,014	6,593
Net margin	31.16%	29.06%	24.62%	23.49%	27.09%	27.41%	27.96%	28.42%
EPS ²	0.5900	0.5900	0.6100	0.7000	0.7600	0.7951	0.8296	0.8660
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	0.2003	0.2622	0.2564	-	0.2927	0.3121	0.3197	0.3288
Announcement Date	3/26/20	3/29/21	3/30/22	3/29/23	3/28/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2023 Q1
Net sales ¹	4,552
EBITDA	-
EBIT	-
Operating Margin	-
Earnings before Tax (EBT)	-
Net income ¹	1,259
Net margin	27.66%
EPS	-
Dividend per Share	-
Announcement Date	4/28/23

¹CNY in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	4,090	8,165	7,507	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	13.2%	12.1%	11.7%	12.4%	12.2%	10.9%	10.9%	10.8%
ROA (Net income/ Total Assets)	7.46%	-	-	-	-	-	-	-
Assets ¹	50,776	-	-	-	-	-	-	-
Book Value Per Share ²	4.680	5.080	5.380	5.760	6.210	6.730	7.230	7.750
Cash Flow per Share ²	0.4600	-	-	-	0.9500	0.7800	0.9500	0.9600
Capex ¹	2,324	2,988	2,422	-	2,714	3,682	3,685	3,688
Capex / Sales	19.11%	22.6%	15.04%	-	14.94%	18.63%	17.13%	15.9%
Announcement Date	3/26/20	3/29/21	3/30/22	3/29/23	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

Ratings for Qingdao Port International Co., Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

B-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

5.101 CNY

Average target price

6.55 CNY

Spread / Average Target

+28.41%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Other Marine Port Services

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QINGDAO PORT INTERNATIONAL CO., LTD.	+30.26%	6.99B
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SHANGHAI INTERNATIONAL PORT (GROUP) CO., LTD.	+19.80%	18.63B
DP WORLD PLC	0.00%	13.47B
MISC	+11.66%	7.67B
ABU DHABI PORTS COMPANY	-13.79%	7.62B
CHINA MERCHANTS PORT HOLDINGS COMPANY LIMITED	+11.65%	6.18B
JSW INFRASTRUCTURE LIMITED	+19.54%	6B
LIAONING PORT CO., LTD.	+4.84%	4.23B
QUBE HOLDINGS LIMITED	+11.11%	4.18B

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