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Rizhao Port

XSSC:600017
Snowflake Description

Good value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
600017
XSSC
CN¥8B
Market Cap
  1. Home
  2. CN
  3. Transportation
Company description

Rizhao Port Co., Ltd. provides cargo handling and storage services in China. The last earnings update was 12 days ago. More info.


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600017 Share Price and Events
7 Day Returns
-2.8%
XSSC:600017
-1.9%
CN Infrastructure
-0.1%
CN Market
1 Year Returns
-34.8%
XSSC:600017
-29%
CN Infrastructure
-9.2%
CN Market
600017 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Rizhao Port (600017) -2.8% -10.9% -16.9% -34.8% -44.4% -59.4%
CN Infrastructure -1.9% -9.9% -18.8% -29% -27% -36%
CN Market -0.1% -9.8% -6.1% -9.2% -16.2% -26.5%
1 Year Return vs Industry and Market
  • 600017 underperformed the Infrastructure industry which returned -29% over the past year.
  • 600017 underperformed the Market in China which returned -9.2% over the past year.
Price Volatility
600017
Industry
5yr Volatility vs Market

Value

 Is Rizhao Port 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 Rizhao Port 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 Rizhao Port.

XSSC:600017 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in CNY CN¥ .025000
Payout Ratio Company Filings (2019-12-31) 6025%
Discount Rate (Cost of Equity) See below 12.1%
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 XSSC:600017
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 0.67
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.669 (1 + (1- 25%) (102.97%))
1.4
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.4
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.2% + (1.4 * 6.33%)
12.06%

Discounted Cash Flow Calculation for XSSC:600017 using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Rizhao Port is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

XSSC:600017 Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= CN¥0.03 / (12.06% - 3.2%)
CN¥0.25
XSSC:600017 Discount to Share Price
Calculation Result
Value per share (CNY) From above. CN¥0.25
Current discount Discount to share price of CN¥2.45
= -1 x (CN¥2.45 - CN¥0.25) / CN¥0.25
-893.2%

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

  • The current share price of Rizhao Port is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Rizhao Port's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Rizhao Port's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
XSSC:600017 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CNY CN¥0.21
SHSE:600017 Share Price ** SHSE (2020-04-03) in CNY CN¥2.45
China Infrastructure Industry PE Ratio Median Figure of 39 Publicly-Listed Infrastructure Companies 13.76x
China Market PE Ratio Median Figure of 3,196 Publicly-Listed Companies 32.32x

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

** Primary Listing of Rizhao Port.

XSSC:600017 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SHSE:600017 Share Price ÷ EPS (both in CNY)

= 2.45 ÷ 0.21

11.67x

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

  • Rizhao Port is good value based on earnings compared to the CN Infrastructure industry average.
  • Rizhao Port is good value based on earnings compared to the China market.
Price based on expected Growth
Does Rizhao Port's expected growth come at a high price?
Raw Data
XSSC:600017 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.67x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
24%per year
China Infrastructure Industry PEG Ratio Median Figure of 13 Publicly-Listed Infrastructure Companies 1.1x
China Market PEG Ratio Median Figure of 1,275 Publicly-Listed Companies 1.26x

*Line of best fit is calculated by linear regression .

XSSC:600017 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.67x ÷ 24%

0.49x

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

  • Rizhao Port is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Rizhao Port's assets?
Raw Data
XSSC:600017 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CNY CN¥3.84
SHSE:600017 Share Price * SHSE (2020-04-03) in CNY CN¥2.45
China Infrastructure Industry PB Ratio Median Figure of 39 Publicly-Listed Infrastructure Companies 0.95x
China Market PB Ratio Median Figure of 3,691 Publicly-Listed Companies 2.26x
XSSC:600017 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SHSE:600017 Share Price ÷ Book Value per Share (both in CNY)

= 2.45 ÷ 3.84

0.64x

* Primary Listing of Rizhao Port.

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

  • Rizhao Port is good value based on assets compared to the CN Infrastructure industry average.
X
Value checks
We assess Rizhao Port'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. Rizhao Port has a total score of 4/6, 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.

Future Performance

 How is Rizhao Port expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
24%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Rizhao Port expected to grow at an attractive rate?
  • Rizhao Port's earnings growth is expected to exceed the low risk savings rate of 3.2%.
Growth vs Market Checks
  • Rizhao Port's earnings growth is expected to exceed the China market average.
  • Rizhao Port's revenue growth is positive but not above the China market average.
Annual Growth Rates Comparison
Raw Data
XSSC:600017 Future Growth Rates Data Sources
Data Point Source Value (per year)
XSSC:600017 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 24%
XSSC:600017 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 6.5%
China Infrastructure Industry Earnings Growth Rate Market Cap Weighted Average 11.3%
China Infrastructure Industry Revenue Growth Rate Market Cap Weighted Average 9%
China Market Earnings Growth Rate Market Cap Weighted Average 20.9%
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
XSSC:600017 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
XSSC:600017 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 5,984 2,223 1,043 1
2020-12-31 5,714 2,068 899 1
XSSC:600017 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-12-31 5,246 1,152 631
2019-09-30 5,133 1,173 641
2019-06-30 5,090 1,156 658
2019-03-31 5,180 1,466 707
2018-12-31 5,130 1,485 644
2018-09-30 5,134 1,423 571
2018-06-30 5,033 1,481 497
2018-03-31 4,886 1,403 432
2017-12-31 4,804 1,384 369
2017-09-30 4,586 1,568 282
2017-06-30 4,450 1,427 243
2017-03-31 4,339 1,167 204

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Rizhao Port's earnings are expected to grow significantly at over 20% yearly.
  • Rizhao Port's revenue is expected to grow by 6.5% yearly, however this is not considered high growth (20% yearly).
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
XSSC:600017 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 1 Analyst Estimates (S&P Global) See Below

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

XSSC:600017 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.34 0.34 0.34 1.00
2020-12-31 0.29 0.29 0.29 1.00
XSSC:600017 Past Financials Data
Date (Data in CNY Millions) EPS *
2019-12-31 0.21
2019-09-30 0.20
2019-06-30 0.22
2019-03-31 0.23
2018-12-31 0.21
2018-09-30 0.19
2018-06-30 0.16
2018-03-31 0.14
2017-12-31 0.12
2017-09-30 0.09
2017-06-30 0.08
2017-03-31 0.07

*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.
  • Rizhao Port is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Rizhao Port'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.
Rizhao Port has a total score of 3/6, 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.

Past Performance

  How has Rizhao Port 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 Rizhao Port'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.
  • Rizhao Port's year on year earnings growth rate has been positive over the past 5 years.
  • Rizhao Port's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Rizhao Port's 1-year earnings growth is negative, it can't be compared to the CN Infrastructure industry average.
Earnings and Revenue History
Rizhao Port'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 Rizhao Port Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

XSSC:600017 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 5,245.58 631.34 187.16
2019-09-30 5,133.49 640.70 200.12
2019-06-30 5,090.06 658.07 196.05
2019-03-31 5,180.15 707.19 195.57
2018-12-31 5,130.08 644.37 192.98
2018-09-30 5,134.24 571.19 161.98
2018-06-30 5,032.53 496.69 164.00
2018-03-31 4,885.69 432.29 136.95
2017-12-31 4,804.27 368.88 129.96
2017-09-30 4,586.04 281.68 126.07
2017-06-30 4,450.12 242.95 123.03
2017-03-31 4,339.20 203.97 126.59
2016-12-31 4,276.87 176.24 131.82
2016-09-30 4,285.55 185.85 184.34
2016-06-30 4,336.99 242.46 183.66
2016-03-31 4,328.63 257.77 179.97
2015-12-31 4,377.92 308.16 178.86
2015-09-30 4,519.79 355.83 173.62
2015-06-30 4,671.99 397.11 174.56
2015-03-31 4,905.31 530.25 176.49
2014-12-31 5,083.60 572.51 178.63
2014-09-30 5,084.92 760.34 138.87
2014-06-30 5,077.15 795.17 139.92
2014-03-31 5,007.05 791.98 133.12
2013-12-31 4,965.50 801.91 125.23
2013-09-30 4,901.07 817.30 134.25
2013-06-30 4,861.56 810.71 128.36

*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.
  • Rizhao Port has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Rizhao Port used its assets more efficiently than the CN Infrastructure industry average last year based on Return on Assets.
  • Rizhao Port has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Rizhao Port'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.
Rizhao Port has a total score of 3/6, 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.

Health

 How is Rizhao Port'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 Rizhao Port's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Rizhao Port's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Rizhao Port's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Rizhao Port'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 not covered by short term assets, assets are 0.4x 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 Rizhao Port Company Filings, last reported 3 months ago.

XSSC:600017 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 13,708.44 6,739.16 1,012.34
2019-09-30 13,582.01 7,182.24 912.85
2019-06-30 13,316.69 7,290.57 1,529.64
2019-03-31 12,763.52 6,534.05 954.54
2018-12-31 12,511.66 7,143.77 982.17
2018-09-30 12,394.71 7,386.72 1,312.42
2018-06-30 12,537.72 7,728.69 2,045.97
2018-03-31 12,406.42 6,506.75 1,168.75
2017-12-31 11,852.94 6,448.37 892.46
2017-09-30 11,803.99 7,076.03 1,642.95
2017-06-30 11,678.55 6,585.05 1,132.08
2017-03-31 11,587.57 6,804.33 1,161.40
2016-12-31 11,460.04 6,710.96 1,038.01
2016-09-30 11,524.23 6,672.29 958.39
2016-06-30 11,436.82 6,658.60 798.99
2016-03-31 11,336.86 6,712.78 764.23
2015-12-31 11,245.63 6,075.38 815.36
2015-09-30 11,241.04 6,285.52 1,267.24
2015-06-30 11,102.86 6,303.35 1,445.61
2015-03-31 11,147.75 5,957.02 1,081.04
2014-12-31 10,991.28 5,495.50 1,008.99
2014-09-30 10,948.24 5,624.87 1,417.81
2014-06-30 10,881.34 5,564.42 1,381.78
2014-03-31 10,673.03 5,845.55 1,686.15
2013-12-31 10,405.10 4,430.55 798.93
2013-09-30 9,660.83 4,365.20 770.62
2013-06-30 9,453.33 4,148.09 693.09
  • Rizhao Port's level of debt (49.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (50% vs 49.2% today).
  • Debt is not well covered by operating cash flow (17.1%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.1x coverage).
X
Financial health checks
We assess Rizhao Port'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. Rizhao Port has a total score of 2/6, 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.

Dividends

 What is Rizhao Port'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
1.02%
Current annual income from Rizhao Port dividends.
If you bought CN¥2,000 of Rizhao Port shares you are expected to receive CN¥20 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?
  • Rizhao Port's pays a higher dividend yield than the bottom 25% of dividend payers in China (0.46%).
  • Rizhao Port's dividend is below the markets top 25% of dividend payers in China (2.04%).
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
XSSC:600017 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 1 Analyst Estimates (S&P Global) See Below
China Infrastructure Industry Average Dividend Yield Market Cap Weighted Average of 37 Stocks 2.6%
China Market Average Dividend Yield Market Cap Weighted Average of 2585 Stocks 1.9%
China Minimum Threshold Dividend Yield 10th Percentile 0.2%
China Bottom 25% Dividend Yield 25th Percentile 0.5%
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.

XSSC:600017 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
XSSC:600017 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2020-03-23 0.025 1.009
2019-03-26 0.020 0.673
2018-05-31 0.020 0.658
2017-06-06 0.010 0.244
2016-10-25 0.000 0.000
2016-07-29 0.000 0.000
2016-04-27 0.000 0.000
2016-04-05 0.000 0.000
2015-05-27 0.040 0.643
2014-03-17 0.040 1.125
2013-10-22 0.000 0.000
2013-08-12 0.000 0.000
2013-04-24 0.000 0.000
2013-04-15 0.000 0.000
2013-04-01 0.000 0.000
2012-07-30 0.060 2.149
2012-04-26 0.060 2.086
2010-10-27 0.000 0.000
2010-08-03 0.000 0.000
2010-04-14 0.000 0.000
2010-03-24 0.000 0.000

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

  • Rizhao Port has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Rizhao Port has only been paying a dividend for 8 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Rizhao Port's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (8.4x 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 Rizhao Port'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 Rizhao Port afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Rizhao Port has a total score of 2/6, see the detailed checks below.


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

Management

 What is the CEO of Rizhao Port'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
Jianbo Wang
COMPENSATION CN¥538,600
AGE 57
CEO Bio

Mr. Jianbo Wang has been General Manager, Chairman and Director at Rizhao Port Co., Ltd. since July 2005. Mr. Wang serves as a Director at Dongping Railway Co., Ltd.

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

Jianbo Wang

TITLE
Chairman & GM
COMPENSATION
CN¥539K
AGE
57

Peng Chen

TITLE
Deputy General Manager
AGE
50

Huifang Yu

TITLE
Deputy GM & Secretary of the Board
COMPENSATION
CN¥317K
AGE
51
TENURE
8.8 yrs

Chun Zhang

TITLE
Head of Audit Department & Employee Supervisor
AGE
61
Board of Directors Tenure

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

10.8
Average Tenure
54.5
Average Age
  • The average tenure for the Rizhao Port board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Chun Zhang

TITLE
Head of Audit Department & Employee Supervisor
AGE
61

Zong Zhang

TITLE
Chairman of the Supervisory Board
AGE
55
TENURE
3.1 yrs

Jianbo Wang

TITLE
Chairman & GM
COMPENSATION
CN¥539K
AGE
57

Zhongtang Cai

TITLE
Director
AGE
54
TENURE
13.9 yrs

Haipeng Lu

TITLE
Director
AGE
49
TENURE
12 yrs

Jinrui Shang

TITLE
Director
AGE
55
TENURE
9.7 yrs

Gui Yang

TITLE
Independent Director
COMPENSATION
CN¥100K
AGE
45

Deng Fang

TITLE
Independent Director
COMPENSATION
CN¥100K
AGE
50

Xiao Hong

TITLE
Independent Director
COMPENSATION
CN¥100K
AGE
60

Zhen Qiang Gao

TITLE
Director
AGE
53
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 Rizhao Port'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. Rizhao Port 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.

News

Simply Wall St News

Company Info

Description

Rizhao Port Co., Ltd. provides cargo handling and storage services in China. It is involved in the handling and storage of ore, coal, cement, nickel ore, aluminum, vanadium, steel, coke, grain, wood chips, and other bulk cargoes, as well as crude oil, liquid chemicals, and containers. The company is based in Rizhao, China.

Details
Name: Rizhao Port Co., Ltd.
600017
Exchange: XSSC
Founded:
CN¥7,535,352,025
3,075,653,888
Website: http://www.rzport.com
Address: Rizhao Port Co., Ltd.
No. 91, Huanghai Road 1,
Rizhao,
Shandong Province, 276826,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SHSE 600017 Domestic Shares Shanghai Stock Exchange CN CNY 17. Oct 2006
XSSC 600017 Domestic Shares Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect CN CNY 17. Oct 2006
Number of employees
Current staff
Staff numbers
5,694
Rizhao Port employees.
Industry
Marine Ports and Services
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/04 18:11
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/03/23
Last earnings filing: 2020/03/23
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.