Loading...

You're on the old version of Simply Wall St. We will no longer be supporting this site, so we recommend you switch to our brand new platform.

Xiamen Port Development

XSEC:000905
Snowflake Description

Mediocre balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
000905
XSEC
CN¥4B
Market Cap
  1. Home
  2. CN
  3. Transportation
Company description

Xiamen Port Development Co., Ltd., together with its subsidiaries, provides port-based integrated logistics services in China. The last earnings update was 21 days ago. More info.


Add to Portfolio Compare Print
  • Xiamen Port Development has significant price volatility in the past 3 months.
000905 Share Price and Events
7 Day Returns
1.8%
XSEC:000905
2.4%
CN Infrastructure
4.3%
CN Market
1 Year Returns
-36.1%
XSEC:000905
-26.3%
CN Infrastructure
-7%
CN Market
000905 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Xiamen Port Development (000905) 1.8% -9.6% -26.7% -36.1% - -
CN Infrastructure 2.4% -6.3% -16.9% -26.3% -30.7% -39.8%
CN Market 4.3% -4.8% -5.1% -7% -13.6% -24.6%
1 Year Return vs Industry and Market
  • 000905 underperformed the Infrastructure industry which returned -26.3% over the past year.
  • 000905 underperformed the Market in China which returned -7% over the past year.
Price Volatility
000905
Industry
5yr Volatility vs Market

000905 Value

 Is Xiamen Port Development undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Xiamen Port Development to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Xiamen Port Development.

XSEC:000905 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 9.7%
Perpetual Growth Rate 10-Year CN Government Bond Rate 3.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for XSEC:000905
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CN Govt Bond Rate 3.2%
Equity Risk Premium S&P Global 6.3%
Infrastructure Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.722 (1 + (1- 25%) (59.51%))
1.03
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.03
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.2% + (1.03 * 6.33%)
9.72%

Discounted Cash Flow Calculation for XSEC:000905 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Xiamen Port Development is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

XSEC:000905 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 9.72%)
2020 246.26 Est @ 76.76% 224.44
2021 380.94 Est @ 54.69% 316.43
2022 530.43 Est @ 39.24% 401.58
2023 681.23 Est @ 28.43% 470.05
2024 823.34 Est @ 20.86% 517.78
2025 951.47 Est @ 15.56% 545.35
2026 1,064.26 Est @ 11.85% 555.96
2027 1,162.79 Est @ 9.26% 553.61
2028 1,249.30 Est @ 7.44% 542.11
2029 1,326.36 Est @ 6.17% 524.56
Present value of next 10 years cash flows CN¥4,651.00
XSEC:000905 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥1,326.36 × (1 + 3.2%) ÷ (9.72% – 3.2%)
CN¥20,993.31
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥20,993.31 ÷ (1 + 9.72%)10
CN¥8,302.62
XSEC:000905 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥4,651.00 + CN¥8,302.62
CN¥12,953.62
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥12,953.62 / 625.19
CN¥20.72
XSEC:000905 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in XSEC:000905 represents 0.99674x of SZSE:000905
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99674x
Value per Share
(Listing Adjusted, CNY)
= Value per Share (CNY) x Listing Adjustment Factor
= CN¥ 20.72 x 0.99674
CN¥20.65
Value per share (CNY) From above. CN¥20.65
Current discount Discount to share price of CN¥6.11
= -1 x (CN¥6.11 - CN¥20.65) / CN¥20.65
70.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Xiamen Port Development is available for.
Intrinsic value
>50%
Share price is CN¥6.11 vs Future cash flow value of CN¥20.65
Current Discount Checks
For Xiamen Port Development to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Xiamen Port Development's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Xiamen Port Development's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Xiamen Port Development's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Xiamen Port Development's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
XSEC:000905 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CNY CN¥0.16
SZSE:000905 Share Price ** SZSE (2020-04-08) in CNY CN¥6.13
China Infrastructure Industry PE Ratio Median Figure of 39 Publicly-Listed Infrastructure Companies 14.1x
China Market PE Ratio Median Figure of 3,204 Publicly-Listed Companies 33.67x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Xiamen Port Development.

XSEC:000905 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SZSE:000905 Share Price ÷ EPS (both in CNY)

= 6.13 ÷ 0.16

38x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Xiamen Port Development is overvalued based on earnings compared to the CN Infrastructure industry average.
  • Xiamen Port Development is overvalued based on earnings compared to the China market.
Price based on expected Growth
Does Xiamen Port Development's expected growth come at a high price?
Raw Data
XSEC:000905 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 38x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
China Infrastructure Industry PEG Ratio Median Figure of 14 Publicly-Listed Infrastructure Companies 1.29x
China Market PEG Ratio Median Figure of 1,266 Publicly-Listed Companies 1.32x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Xiamen Port Development, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Xiamen Port Development's assets?
Raw Data
XSEC:000905 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CNY CN¥6.41
SZSE:000905 Share Price * SZSE (2020-04-08) in CNY CN¥6.13
China Infrastructure Industry PB Ratio Median Figure of 39 Publicly-Listed Infrastructure Companies 0.95x
China Market PB Ratio Median Figure of 3,693 Publicly-Listed Companies 2.35x
XSEC:000905 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SZSE:000905 Share Price ÷ Book Value per Share (both in CNY)

= 6.13 ÷ 6.41

0.96x

* Primary Listing of Xiamen Port Development.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Xiamen Port Development is overvalued based on assets compared to the CN Infrastructure industry average.
X
Value checks
We assess Xiamen Port Development's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Infrastructure industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Infrastructure industry average (and greater than 0)? (1 check)
  5. Xiamen Port Development has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

000905 Future Performance

 How is Xiamen Port Development expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Xiamen Port Development 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
10.9%
Expected Infrastructure industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Xiamen Port Development expected to grow at an attractive rate?
  • Unable to compare Xiamen Port Development's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Xiamen Port Development's earnings growth to the China market average as no estimate data is available.
  • Unable to compare Xiamen Port Development's revenue growth to the China market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
XSEC:000905 Future Growth Rates Data Sources
Data Point Source Value (per year)
China Infrastructure Industry Earnings Growth Rate Market Cap Weighted Average 10.9%
China Infrastructure Industry Revenue Growth Rate Market Cap Weighted Average 9.3%
China Market Earnings Growth Rate Market Cap Weighted Average 20.7%
China Market Revenue Growth Rate Market Cap Weighted Average 15.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
XSEC:000905 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
XSEC:000905 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
XSEC:000905 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-12-31 14,155 638 86
2019-09-30 14,138 291 74
2019-06-30 13,257 257 63
2019-03-31 13,052 507 25
2018-12-31 13,391 225 25
2018-09-30 13,646 170 38
2018-06-30 14,075 130 64
2018-03-31 14,289 301 99
2017-12-31 13,713 -17 109
2017-09-30 12,529 -213 177
2017-06-30 11,463 14 187
2017-03-31 10,046 226 194

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Xiamen Port Development is high growth as no earnings estimate data is available.
  • Unable to determine if Xiamen Port Development is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
XSEC:000905 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Xiamen Port Development Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

XSEC:000905 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
XSEC:000905 Past Financials Data
Date (Data in CNY Millions) EPS *
2019-12-31 0.16
2019-09-30 0.15
2019-06-30 0.12
2019-03-31 0.05
2018-12-31 0.05
2018-09-30 0.07
2018-06-30 0.12
2018-03-31 0.18
2017-12-31 0.20
2017-09-30 0.34
2017-06-30 0.35
2017-03-31 0.37

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Xiamen Port Development will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of 000905’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Xiamen Port Development's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Transportation companies here
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Xiamen Port Development's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the China market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the China market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Xiamen Port Development has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

000905 Past Performance

  How has Xiamen Port Development performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Xiamen Port Development's growth in the last year to its industry (Infrastructure).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Xiamen Port Development's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Xiamen Port Development's 1-year earnings growth exceeds its 5-year average (239.8% vs -35.9%)
  • Xiamen Port Development's earnings growth has exceeded the CN Infrastructure industry average in the past year (239.8% vs 13%).
Earnings and Revenue History
Xiamen Port Development's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Xiamen Port Development Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

XSEC:000905 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 14,154.64 85.63 251.87
2019-09-30 14,137.75 73.70 252.31
2019-06-30 13,257.17 63.03 239.06
2019-03-31 13,052.32 25.20 241.31
2018-12-31 13,390.86 25.20 232.74
2018-09-30 13,645.79 37.87 253.97
2018-06-30 14,075.25 63.52 245.61
2018-03-31 14,289.11 99.21 246.31
2017-12-31 13,712.70 108.66 244.57
2017-09-30 12,528.99 176.91 234.54
2017-06-30 11,462.84 187.44 253.45
2017-03-31 10,046.12 193.77 235.49
2016-12-31 8,991.95 206.61 243.10
2016-09-30 8,865.64 244.20 236.42
2016-06-30 8,275.46 255.72 225.32
2016-03-31 7,938.21 258.22 221.50
2015-12-31 7,679.15 263.80 212.10
2015-09-30 7,291.81 298.74 184.86
2015-06-30 7,488.36 287.65 183.04
2015-03-31 7,480.56 290.50 181.87
2014-12-31 7,502.33 286.66 179.24
2014-09-30 7,011.71 307.22 162.27
2014-06-30 6,634.43 330.22 160.95
2014-03-31 5,787.09 339.92 154.21
2013-12-31 4,779.42 329.31 147.39
2013-09-30 4,341.05 270.43 159.93
2013-06-30 3,389.92 245.84 155.99

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Xiamen Port Development has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Xiamen Port Development used its assets less efficiently than the CN Infrastructure industry average last year based on Return on Assets.
  • Xiamen Port Development's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Xiamen Port Development's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Infrastructure industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Xiamen Port Development has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

000905 Health

 How is Xiamen Port Development's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Xiamen Port Development's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Xiamen Port Development's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Xiamen Port Development's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Xiamen Port Development's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Xiamen Port Development Company Filings, last reported 3 months ago.

XSEC:000905 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 4,441.96 2,280.50 1,008.81
2019-09-30 3,772.25 2,370.55 419.57
2019-06-30 3,678.20 2,473.27 636.86
2019-03-31 3,662.50 2,076.49 653.97
2018-12-31 3,605.87 2,125.10 377.33
2018-09-30 3,597.30 2,206.44 457.06
2018-06-30 3,567.94 2,889.03 356.52
2018-03-31 3,561.35 2,269.55 318.43
2017-12-31 3,529.93 2,375.40 322.43
2017-09-30 3,359.38 1,549.01 287.88
2017-06-30 3,313.75 1,474.78 396.99
2017-03-31 3,275.19 1,425.38 401.42
2016-12-31 3,230.23 1,304.59 841.06
2016-09-30 3,161.21 696.33 433.91
2016-06-30 3,134.44 1,329.08 960.61
2016-03-31 3,095.65 805.06 387.92
2015-12-31 3,844.22 928.97 724.90
2015-09-30 2,932.12 727.39 520.43
2015-06-30 2,871.54 1,069.66 869.35
2015-03-31 2,869.44 894.43 689.19
2014-12-31 2,818.31 918.11 725.94
2014-09-30 2,613.63 859.46 547.25
2014-06-30 2,549.65 801.92 639.15
2014-03-31 2,556.32 616.52 589.41
2013-12-31 2,489.32 528.65 767.43
2013-09-30 2,306.42 504.45 662.95
2013-06-30 2,208.18 338.46 655.20
  • Xiamen Port Development's level of debt (51.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (32.6% vs 51.3% today).
  • Debt is well covered by operating cash flow (28%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.8x coverage).
X
Financial health checks
We assess Xiamen Port Development's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Xiamen Port Development has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

000905 Dividends

 What is Xiamen Port Development's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.24%
Current annual income from Xiamen Port Development dividends.
If you bought CN¥2,000 of Xiamen Port Development shares you are expected to receive CN¥5 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Xiamen Port Development's pays a lower dividend yield than the bottom 25% of dividend payers in China (0.44%).
  • Xiamen Port Development's dividend is below the markets top 25% of dividend payers in China (1.96%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
XSEC:000905 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
China Infrastructure Industry Average Dividend Yield Market Cap Weighted Average of 37 Stocks 2.4%
China Market Average Dividend Yield Market Cap Weighted Average of 2584 Stocks 1.9%
China Minimum Threshold Dividend Yield 10th Percentile 0.2%
China Bottom 25% Dividend Yield 25th Percentile 0.4%
China Top 25% Dividend Yield 75th Percentile 2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

XSEC:000905 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
XSEC:000905 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2020-03-20 0.015 0.247
2019-03-11 0.010 0.135
2018-04-18 0.020 0.277
2017-05-26 0.052 0.433
2016-05-27 0.041 0.363
2015-05-29 0.050 0.433
2014-03-25 0.070 0.609
2013-05-23 0.050 0.804
2012-06-04 0.020 0.333
2011-05-31 0.030 0.478
2010-04-12 0.020 0.253
2009-04-10 0.100 1.107

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Xiamen Port Development's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (10.8x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Xiamen Port Development's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Xiamen Port Development afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Xiamen Port Development has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

000905 Management

 What is the CEO of Xiamen Port Development's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Liqun Cai
COMPENSATION CN¥0
AGE 50
CEO Bio

Mr. Liqun Cai serves as General Manager of Xiamen Port Development Co., Ltd. Mr. Lijun has been Chairman of the Board of Xiamen International Port Co., Ltd. since February 28, 2017 and as its Executive Director since December 1, 2015. He served as General Manager of Xiamen International Port Co., Ltd. He served as Deputy General Manager of Xiamen Port Development Co., Ltd. He served as Interim Chairman of Xiamen International Port Co., Ltd. from December 1, 2015 to December 1,2015 and served as its Vice Chairman from October 9, 2015 to December 1, 2015. He serves as a Director of Xiamen Port Development Co. Ltd. He is a senior economist and received tertiary education. He graduated in 1991 from Shanghai Maritime University (formerly known as Shanghai Shipping Institute) with a Master's degree in economics.

CEO Compensation
  • Liqun's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Liqun's remuneration is lower than average for companies of similar size in China.
Management Team

Liqun Cai

TITLE
General Manager and Director
AGE
50

Min Wang

TITLE
Chief Financial Officer
AGE
49
TENURE
1.8 yrs

Hai Yu

TITLE
Chief engineer
AGE
56
TENURE
2.9 yrs

Xiang Liu

TITLE
Secretary of the Board
AGE
48

Qingquan Yang

TITLE
Deputy General Manager
AGE
56

Yanping Song

TITLE
Financial Controller
AGE
51

Yirong Zhou

TITLE
Deputy Manager of Investment Management Department
COMPENSATION
CN¥220K
AGE
46
Board of Directors Tenure

Average tenure and age of the Xiamen Port Development board of directors in years:

6.3
Average Tenure
54.5
Average Age
  • The tenure for the Xiamen Port Development board of directors is about average.
Board of Directors

Dong Ke

TITLE
Chairman
AGE
59

Liqun Cai

TITLE
General Manager and Director
AGE
50

Xianghua You

TITLE
Independent Non-Executive Director
AGE
54

Luping Miao

TITLE
Director
AGE
55

Kaibiao Lin

TITLE
Director
AGE
53

Yuan Lue Fu

TITLE
Independent Director
AGE
66

Zirong Huang

TITLE
Non-Independent Director
AGE
56
TENURE
6.3 yrs

Hongtu Yang

TITLE
Non-Independent Director
AGE
44
TENURE
6.3 yrs

Luhua Liu

TITLE
Independent Director
TENURE
6.3 yrs

Hongpeng Wang

TITLE
Independent Director
TENURE
6.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CN¥) Value (CN¥)
X
Management checks
We assess Xiamen Port Development's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Xiamen Port Development has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

000905 News

Simply Wall St News

000905 Company Info

Description

Xiamen Port Development Co., Ltd., together with its subsidiaries, provides port-based integrated logistics services in China. The company offers bulk cargo handling services; port supporting value-added services, including port-related warehousing and distribution, transportation, shipping agency, tally and tugboat based on berthing services, etc.; sea, rail, and land transportation services; outer wheel agency and tally services; and terminal loading and unloading services. It is also involved in the manufacture, processing, wholesale, and retail of building materials; trading of steel and steel embryos; and import and export of construction materials, mechanical and electrical products, textiles, sporting goods and equipment, arts and crafts, and other products. The company was formerly known as Xiamen Road and Bridge Corporation and changed its name to Xiamen Port Development Co., Ltd. in November 2004. The company is based in Xiamen, China. Xiamen Port Development Co., Ltd. is a subsidiary of Xiamen International Port Co., Ltd.

Details
Name: Xiamen Port Development Co., Ltd.
000905
Exchange: XSEC
Founded:
CN¥3,832,424,029
625,191,522
Website: http://www.xmgw.com.cn
Address: Xiamen Port Development Co., Ltd.
Port Affairs Building,
20th Floor,
Xiamen,
Fujian Province, China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SZSE 000905 Domestic Shares Shenzhen Stock Exchange CN CNY 29. Apr 1999
XSEC 000905 Domestic Shares Shenzhen Stock Exchange - Shenzhen-Hong Kong Stock Connect CN CNY 29. Apr 1999
Number of employees
Current staff
Staff numbers
4,887
Xiamen Port Development employees.
Industry
Marine Ports and Services
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/09 19:45
End of day share price update: 2020/04/08 00:00
Last estimates confirmation: 2018/03/23
Last earnings filing: 2020/03/19
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.