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CSSC (Hong Kong) Shipping

DB:3LL
Snowflake Description

Very undervalued with reasonable growth potential and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
3LL
DB
HK$8B
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

CSSC (Hong Kong) Shipping Company Limited operates as a shipyard-affiliated leasing company in Greater China and internationally. The last earnings update was 15 days ago. More info.


Add to Portfolio Compare Print
  • CSSC (Hong Kong) Shipping has significant price volatility in the past 3 months.
3LL Share Price and Events
7 Day Returns
0%
DB:3LL
5%
DE Diversified Financial
2.5%
DE Market
1 Year Returns
-
DB:3LL
1.4%
DE Diversified Financial
2.6%
DE Market
3LL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
CSSC (Hong Kong) Shipping (3LL) 0% 18.3% 12.7% - - -
DE Diversified Financial 5% 7% -5% 1.4% 75.8% 333.8%
DE Market 2.5% 0.2% 1% 2.6% 7.8% 23.7%
1 Year Return vs Industry and Market
  • No trading data on 3LL.
  • No trading data on 3LL.
Price Volatility
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for CSSC (Hong Kong) Shipping's competitors could be found in our database.

3LL Value

 Is CSSC (Hong Kong) Shipping 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 CSSC (Hong Kong) Shipping 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 CSSC (Hong Kong) Shipping.

DB:3LL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= HK$1.33 * 11.3%
HK$0.15
Book Value of Equity per Share Median Book Value from the past 5 years. HK$1.33
Discount Rate (Cost of Equity) See below 5.3%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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 DB:3LL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Diversified Financial Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.72 (1 + (1- 25%) (263.89%))
0.859
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.86
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.859 * 5.96%)
5.35%

Discounted Cash Flow Calculation for DB:3LL using Excess Returns Model Model

The calculations below outline how an intrinsic value for CSSC (Hong Kong) Shipping is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DB:3LL Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (11.3% – 5.35%) * HK$1.33)
HK$0.08
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= HK$0.08 / (5.35% - 0.23%)
HK$1.54
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= HK$1.33 + HK$1.54
HK$2.87
DB:3LL Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:3LL represents 0.11094x of SEHK:3877
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.11094x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 2.87 x 0.11094
€0.32
Value per share (EUR) From above. €0.32
Current discount Discount to share price of €0.14
= -1 x (€0.14 - €0.32) / €0.32
55.5%

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

Current Discount
Amount off the current price CSSC (Hong Kong) Shipping is available for.
Intrinsic value
>50%
Share price is €0.142 vs Future cash flow value of €0.31894
Current Discount Checks
For CSSC (Hong Kong) Shipping to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • CSSC (Hong Kong) Shipping's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • CSSC (Hong Kong) Shipping'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 CSSC (Hong Kong) Shipping's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are CSSC (Hong Kong) Shipping's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:3LL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in HKD HK$0.16
SEHK:3877 Share Price ** SEHK (2019-10-11) in HKD HK$1.28
Germany Diversified Financial Industry PE Ratio Median Figure of 6 Publicly-Listed Diversified Financial Companies 27.82x
Germany Market PE Ratio Median Figure of 417 Publicly-Listed Companies 19.72x

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

** Primary Listing of CSSC (Hong Kong) Shipping.

DB:3LL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:3877 Share Price ÷ EPS (both in HKD)

= 1.28 ÷ 0.16

7.91x

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

  • CSSC (Hong Kong) Shipping is good value based on earnings compared to the DE Diversified Financial industry average.
  • CSSC (Hong Kong) Shipping is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does CSSC (Hong Kong) Shipping's expected growth come at a high price?
Raw Data
DB:3LL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.91x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
17.3%per year
Europe Diversified Financial Industry PEG Ratio Median Figure of 13 Publicly-Listed Diversified Financial Companies 1.81x
Germany Market PEG Ratio Median Figure of 264 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

DB:3LL PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 7.91x ÷ 17.3%

0.46x

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

  • CSSC (Hong Kong) Shipping is good value based on expected growth next year.
Price based on value of assets
What value do investors place on CSSC (Hong Kong) Shipping's assets?
Raw Data
DB:3LL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in HKD HK$1.33
SEHK:3877 Share Price * SEHK (2019-10-11) in HKD HK$1.28
Germany Diversified Financial Industry PB Ratio Median Figure of 9 Publicly-Listed Diversified Financial Companies 3.77x
Germany Market PB Ratio Median Figure of 597 Publicly-Listed Companies 1.74x
DB:3LL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:3877 Share Price ÷ Book Value per Share (both in HKD)

= 1.28 ÷ 1.33

0.96x

* Primary Listing of CSSC (Hong Kong) Shipping.

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

  • CSSC (Hong Kong) Shipping is good value based on assets compared to the DE Diversified Financial industry average.
X
Value checks
We assess CSSC (Hong Kong) Shipping'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 Diversified Financial 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 Diversified Financial industry average (and greater than 0)? (1 check)
  5. CSSC (Hong Kong) Shipping has a total score of 6/6, 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.

3LL Future Performance

 How is CSSC (Hong Kong) Shipping 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
17.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is CSSC (Hong Kong) Shipping expected to grow at an attractive rate?
  • CSSC (Hong Kong) Shipping's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • CSSC (Hong Kong) Shipping's earnings growth is expected to exceed the Germany market average.
  • CSSC (Hong Kong) Shipping's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:3LL Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:3LL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 17.3%
DB:3LL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 27.9%
Germany Diversified Financial Industry Earnings Growth Rate Market Cap Weighted Average 17.3%
Europe Diversified Financial Industry Revenue Growth Rate Market Cap Weighted Average 0.6%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*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
DB:3LL 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 HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:3LL Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 3,447 1,346 1,199 1
2020-12-31 2,833 1,161 1,090 1
2019-12-31 2,461 1,114 922 1
2019-10-12
DB:3LL Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2019-06-30 1,452 935 754
2019-03-31 1,349 -240 722
2018-12-31 1,246 -1,415 690
2017-12-31 1,219 1,508 608
2016-12-31 308 -1,338 434

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • CSSC (Hong Kong) Shipping's earnings are expected to grow by 17.3% yearly, however this is not considered high growth (20% yearly).
  • CSSC (Hong Kong) Shipping's revenue is expected to grow significantly at over 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
DB:3LL 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 CSSC (Hong Kong) Shipping Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:3LL Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.20 0.20 0.20 1.00
2020-12-31 0.18 0.18 0.18 1.00
2019-12-31 0.16 0.16 0.16 1.00
2019-10-12
DB:3LL Past Financials Data
Date (Data in HKD Millions) EPS *
2019-06-30 0.16
2019-03-31 0.16
2018-12-31 0.15
2017-12-31 0.13
2016-12-31 0.13

*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.
  • CSSC (Hong Kong) Shipping is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess CSSC (Hong Kong) Shipping'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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
CSSC (Hong Kong) Shipping has a total score of 4/6, 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.

3LL Past Performance

  How has CSSC (Hong Kong) Shipping 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 CSSC (Hong Kong) Shipping's growth in the last year to its industry (Diversified Financial).
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.
  • Insufficient data to establish if CSSC (Hong Kong) Shipping's year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare CSSC (Hong Kong) Shipping's 1-year earnings growth to the 5-year average due to insufficient past data.
  • CSSC (Hong Kong) Shipping's earnings growth has exceeded the Europe Diversified Financial industry average in the past year (16.2% vs 3.5%).
Earnings and Revenue History
CSSC (Hong Kong) Shipping'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 CSSC (Hong Kong) Shipping Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:3LL Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 1,451.98 754.04 55.66
2019-03-31 1,348.87 722.06 53.45
2018-12-31 1,245.76 690.09 51.24
2017-12-31 1,218.88 608.44 30.20
2016-12-31 307.69 433.78 27.28

*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.
  • CSSC (Hong Kong) Shipping has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • CSSC (Hong Kong) Shipping used its assets less efficiently than the DE Diversified Financial industry average last year based on Return on Assets.
  • Unable to establish if CSSC (Hong Kong) Shipping improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess CSSC (Hong Kong) Shipping'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 Diversified Financial 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.
CSSC (Hong Kong) Shipping has a total score of 1/6, 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.

3LL Health

 How is CSSC (Hong Kong) Shipping'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 CSSC (Hong Kong) Shipping's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • CSSC (Hong Kong) Shipping is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • CSSC (Hong Kong) Shipping's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of CSSC (Hong Kong) Shipping'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 1x 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 CSSC (Hong Kong) Shipping Company Filings, last reported 3 months ago.

DB:3LL Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 8,212.45 20,724.38 3,979.60
2019-03-31 8,212.45 20,724.38 3,979.60
2018-12-31 5,765.23 23,094.90 2,408.52
2017-12-31 6,273.49 25,367.57 1,824.17
2016-12-31 5,344.49 25,268.80 3,773.63
  • CSSC (Hong Kong) Shipping's level of debt (252.4%) compared to net worth is high (greater than 40%).
  • Unable to establish if CSSC (Hong Kong) Shipping's debt level has increased without past 5-year debt data.
  • Debt is not well covered by operating cash flow (4.5%, less than 20% of total debt).
  • Unable to confirm if the interest payments on CSSC (Hong Kong) Shipping's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess CSSC (Hong Kong) Shipping'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. CSSC (Hong Kong) Shipping 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.

3LL Dividends

 What is CSSC (Hong Kong) Shipping'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
4.69%
Current annual income from CSSC (Hong Kong) Shipping dividends. Estimated to be 5.61% next year.
If you bought €2,000 of CSSC (Hong Kong) Shipping shares you are expected to receive €94 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?
  • CSSC (Hong Kong) Shipping's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • CSSC (Hong Kong) Shipping's dividend is above the markets top 25% of dividend payers in Germany (3.86%).
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
DB:3LL 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
Europe Diversified Financial Industry Average Dividend Yield Market Cap Weighted Average of 32 Stocks 3.2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 337 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

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

DB:3LL Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.08 1.00
2020-12-31 0.07 1.00
2019-12-31 0.06 1.00
2019-10-12
DB:3LL Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2019-09-27 0.060 4.814
2019-08-26 0.060 5.445

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

  • It is too early to tell whether CSSC (Hong Kong) Shipping has stable dividend payments.
  • CSSC (Hong Kong) Shipping only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of CSSC (Hong Kong) Shipping's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.4x coverage).
X
Income/ dividend checks
We assess CSSC (Hong Kong) Shipping's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 CSSC (Hong Kong) Shipping afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. CSSC (Hong Kong) Shipping has a total score of 4/6, see the detailed checks below.


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

3LL Management

 What is the CEO of CSSC (Hong Kong) Shipping'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
Kai Hu
AGE 50
CEO Bio

Mr. Kai Hu has been Executive Director at CSSC (Hong Kong) Shipping Company Limited since September 2018 and serves as its General Manager. He was a Director at CSSC (Hong Kong) Shipping Company Limited since August 2017 until September 2018. He graduated from Huazhong University of Science and Technology in June 1992 and Master’s Degree in Business Administration from China Europe International Business School in September 2010.

CEO Compensation
  • Insufficient data for Kai to compare compensation growth.
  • Insufficient data for Kai to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the CSSC (Hong Kong) Shipping management team in years:

1.1
Average Tenure
45
Average Age
  • The average tenure for the CSSC (Hong Kong) Shipping management team is less than 2 years, this suggests a new team.
Management Team

Li Yang

TITLE
Chairman
AGE
50
TENURE
1.1 yrs

Kai Hu

TITLE
GM & Executive Director
AGE
50

Jun Li

TITLE
Chief Accountant and GM of Credit & Structured Finance Department
AGE
46

Hui Chen

TITLE
Deputy GM and GM of Human Resources & Administration
AGE
43

Weisong Ding

TITLE
Company Secretary
AGE
36

Weidong Bao

TITLE
Deputy General Manager
AGE
57

Fang He

TITLE
General Manager of Business Department
AGE
46
TENURE
2.5 yrs

Chao Yuan

TITLE
Deputy General Manager of Strategic Planning
AGE
34
TENURE
0.6 yrs

Ju Guo

TITLE
Deputy General Manager of Accounting & Treasury Department
AGE
33
TENURE
2.6 yrs

Sau Ping Wong

TITLE
Assistant Company Secretary
AGE
44
TENURE
0.4 yrs
Board of Directors Tenure

Average tenure and age of the CSSC (Hong Kong) Shipping board of directors in years:

0.4
Average Tenure
56
Average Age
  • The average tenure for the CSSC (Hong Kong) Shipping board of directors is less than 3 years, this suggests a new board.
Board of Directors

Kai Hu

TITLE
GM & Executive Director
AGE
50
TENURE
2.2 yrs

David Wong

TITLE
Independent Non-Executive Director
AGE
61
TENURE
0.4 yrs

Li Yang

TITLE
Chairman
AGE
50

Yvonne Shing

TITLE
Independent Non-Executive Director
AGE
64
TENURE
0.4 yrs

Hongji Li

TITLE
Independent Non-Executive Director
AGE
62
TENURE
0.4 yrs

Wei Li

TITLE
Non-Executive Director
AGE
48
TENURE
0.3 yrs

Jian Zhong

TITLE
Non-Executive Director
AGE
55
TENURE
0.1 yrs

Yuanjing Zou

TITLE
Non-Executive Director
AGE
57
TENURE
0.1 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 (€) Value (€)
17. Jul 19 Buy China Re Asset Management Co. Company 12. Jul 19 12. Jul 19 88,646,000 €0.14 €12,074,485
11. Jul 19 Buy China Re Asset Management Co. Company 08. Jul 19 08. Jul 19 5,632,000 €0.12 €666,663
X
Management checks
We assess CSSC (Hong Kong) Shipping'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. CSSC (Hong Kong) Shipping 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.

3LL News

Simply Wall St News

3LL Company Info

Description

CSSC (Hong Kong) Shipping Company Limited operates as a shipyard-affiliated leasing company in Greater China and internationally. The company provides leasing services, which include finance lease and operating lease. It also offers shipbroking services; and loan services comprising pre-delivery loan, secured loan and factoring services. As of December 31, 2018, the company owned 65 vessels, including 43 vessels under finance lease arrangement and 22 vessels under operating lease arrangement. The company was founded in 2012 and is based in Pudong, the People’s Republic of China.

Details
Name: CSSC (Hong Kong) Shipping Company Limited
3LL
Exchange: DB
Founded: 2012
HK$906,173,915
6,136,066,234
Website: http://www.csscshipping.net
Address: CSSC (Hong Kong) Shipping Company Limited
China Marine Tower,
1 Pudong Aenue,
Pudong,
Shanghai Province, China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 3877 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 17. Jun 2019
DB 3LL Ordinary Shares Deutsche Boerse AG DE EUR 17. Jun 2019
SZSC 3877 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 17. Jun 2019
Number of employees
Current staff
Staff numbers
67
CSSC (Hong Kong) Shipping employees.
Industry
Specialized Finance
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/12 23:40
End of day share price update: 2019/10/11 00:00
Last estimates confirmation: 2019/08/26
Last earnings filing: 2019/09/27
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


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.