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SITC International Holdings

DB:7S8
Snowflake Description

Flawless balance sheet with solid track record and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
7S8
DB
HK$22B
Market Cap
  1. Home
  2. DE
  3. Transportation
Company description

SITC International Holdings Company Limited, a shipping logistics company, provides integrated transportation and logistics solutions in Mainland China, Hong Kong, Taiwan, Japan, Southeast Asia, and internationally. The last earnings update was 33 days ago. More info.


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7S8 Share Price and Events
7 Day Returns
4.4%
DB:7S8
4.1%
Europe Shipping
2.8%
DE Market
1 Year Returns
38%
DB:7S8
6.2%
Europe Shipping
3%
DE Market
7S8 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
SITC International Holdings (7S8) 4.4% -0.2% 4.4% 38% 69.7% 148%
Europe Shipping 4.1% -1.6% 9.8% 6.2% 6.6% -14.5%
DE Market 2.8% 0.2% 1.3% 3% 8% 23.6%
1 Year Return vs Industry and Market
  • 7S8 outperformed the Shipping industry which returned 6.2% over the past year.
  • 7S8 outperformed the Market in Germany which returned 3% over the past year.
Price Volatility
7S8
Industry
5yr Volatility vs Market

7S8 Value

 Is SITC International Holdings 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 SITC International Holdings 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 SITC International Holdings.

DB:7S8 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.2%
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:7S8
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6.7%
Shipping Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.733 (1 + (1- 25%) (19.5%))
0.893
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.89
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.893 * 6.65%)
6.17%

Discounted Cash Flow Calculation for DB:7S8 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for SITC International Holdings 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.

DB:7S8 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 6.17%)
2020 225.77 Est @ 8.12% 212.65
2021 238.75 Est @ 5.75% 211.82
2022 248.53 Est @ 4.09% 207.69
2023 255.82 Est @ 2.93% 201.36
2024 261.25 Est @ 2.12% 193.69
2025 265.31 Est @ 1.55% 185.28
2026 268.38 Est @ 1.16% 176.53
2027 270.74 Est @ 0.88% 167.74
2028 272.58 Est @ 0.68% 159.08
2029 274.07 Est @ 0.55% 150.66
Present value of next 10 years cash flows $1,866.00
DB:7S8 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $274.07 × (1 + 0.23%) ÷ (6.17% – 0.23%)
$4,625.56
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $4,625.56 ÷ (1 + 6.17%)10
$2,542.61
DB:7S8 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,866.00 + $2,542.61
$4,408.61
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $4,408.61 / 2,672.63
$1.65
DB:7S8 Discount to Share Price
Calculation Result
Exchange Rate USD/HKD
(Reporting currency to currency of SEHK:1308)
7.844
Value per Share
(HKD)
= Value per Share in USD x Exchange Rate (USD/HKD)
= $1.65 x 7.844
HK$12.94
Non-primary Listing Adjustment Factor 1 share in DB:7S8 represents 0.11394x of SEHK:1308
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.11394x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 12.94 x 0.11394
€1.47
Value per share (EUR) From above. €1.47
Current discount Discount to share price of €0.94
= -1 x (€0.94 - €1.47) / €1.47
36.2%

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

Current Discount
Amount off the current price SITC International Holdings is available for.
Intrinsic value
36%
Share price is €0.94 vs Future cash flow value of €1.47
Current Discount Checks
For SITC International Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • SITC International Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • SITC International Holdings's share price is below the future cash flow value, but not 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 SITC International Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are SITC International Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:7S8 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $0.08
SEHK:1308 Share Price ** SEHK (2019-10-11) in HKD HK$8.25
SEHK:1308 Share Price converted to USD reporting currency Exchange rate (HKD/ USD) 0.127 $1.05
Europe Shipping Industry PE Ratio Median Figure of 26 Publicly-Listed Shipping Companies 11.43x
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 SITC International Holdings.

DB:7S8 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1308 Share Price ÷ EPS (both in USD)

= 1.05 ÷ 0.08

13.02x

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

  • SITC International Holdings is overvalued based on earnings compared to the Europe Shipping industry average.
  • SITC International Holdings is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does SITC International Holdings's expected growth come at a high price?
Raw Data
DB:7S8 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.02x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
10.2%per year
Europe Shipping Industry PEG Ratio Median Figure of 14 Publicly-Listed Shipping Companies 0.79x
Germany Market PEG Ratio Median Figure of 265 Publicly-Listed Companies 1.39x

*Line of best fit is calculated by linear regression .

DB:7S8 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.02x ÷ 10.2%

1.27x

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

  • SITC International Holdings is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on SITC International Holdings's assets?
Raw Data
DB:7S8 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $0.39
SEHK:1308 Share Price * SEHK (2019-10-11) in HKD HK$8.25
SEHK:1308 Share Price converted to USD reporting currency Exchange rate (HKD/ USD) 0.127 $1.05
Europe Shipping Industry PB Ratio Median Figure of 43 Publicly-Listed Shipping Companies 0.76x
Germany Market PB Ratio Median Figure of 598 Publicly-Listed Companies 1.74x
DB:7S8 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1308 Share Price ÷ Book Value per Share (both in USD)

= 1.05 ÷ 0.39

2.67x

* Primary Listing of SITC International Holdings.

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

  • SITC International Holdings is overvalued based on assets compared to the Europe Shipping industry average.
X
Value checks
We assess SITC International Holdings'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 Shipping 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 Shipping industry average (and greater than 0)? (1 check)
  5. SITC International Holdings 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.

7S8 Future Performance

 How is SITC International Holdings expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

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
10.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is SITC International Holdings expected to grow at an attractive rate?
  • SITC International Holdings's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • SITC International Holdings's earnings growth is positive but not above the Germany market average.
  • SITC International Holdings's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:7S8 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:7S8 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 10.2%
DB:7S8 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 7%
Europe Shipping Industry Earnings Growth Rate Market Cap Weighted Average 23.5%
Europe Shipping Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*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:7S8 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:7S8 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 1,770 339 274 4
2020-12-31 1,682 332 248 5
2019-12-31 1,543 285 223 5
2019-10-13
DB:7S8 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 1,502 284 214
2019-03-31 1,476 261 206
2018-12-31 1,449 238 198
2018-09-30 1,422 246 196
2018-06-30 1,396 254 195
2018-03-31 1,372 251 192
2017-12-31 1,348 248 189
2017-09-30 1,303 224 163
2017-06-30 1,257 199 137
2017-03-31 1,236 190 130
2016-12-31 1,216 180 123
2016-09-30 1,228 175 133

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • SITC International Holdings's earnings are expected to grow by 10.2% yearly, however this is not considered high growth (20% yearly).
  • SITC International Holdings's revenue is expected to grow by 7% 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
DB:7S8 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 5 Analyst Estimates (S&P Global) See Below

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

DB:7S8 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.10 0.10 0.10 3.00
2020-12-31 0.09 0.10 0.08 4.00
2019-12-31 0.08 0.08 0.08 4.00
2019-10-13
DB:7S8 Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 0.08
2019-03-31 0.08
2018-12-31 0.07
2018-09-30 0.07
2018-06-30 0.07
2018-03-31 0.07
2017-12-31 0.07
2017-09-30 0.06
2017-06-30 0.05
2017-03-31 0.05
2016-12-31 0.05
2016-09-30 0.05

*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.
  • SITC International Holdings is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess SITC International Holdings'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 Europe 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.
SITC International Holdings 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.

7S8 Past Performance

  How has SITC International Holdings 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 SITC International Holdings's growth in the last year to its industry (Shipping).
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.
  • SITC International Holdings's year on year earnings growth rate has been positive over the past 5 years.
  • SITC International Holdings's 1-year earnings growth is less than its 5-year average (10.2% vs 12.2%)
  • SITC International Holdings's earnings growth has exceeded the Europe Shipping industry average in the past year (10.2% vs -1%).
Earnings and Revenue History
SITC International Holdings'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 SITC International Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:7S8 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 1,502.42 214.47 77.59
2019-03-31 1,475.75 205.99 77.02
2018-12-31 1,449.09 197.51 76.45
2018-09-30 1,422.34 196.03 76.99
2018-06-30 1,395.59 194.55 77.49
2018-03-31 1,371.99 191.58 75.91
2017-12-31 1,348.39 188.61 74.33
2017-09-30 1,302.72 162.98 70.89
2017-06-30 1,257.06 137.35 67.44
2017-03-31 1,236.42 130.07 68.12
2016-12-31 1,215.79 122.79 68.80
2016-09-30 1,228.47 132.81 71.24
2016-06-30 1,241.16 142.83 73.68
2016-03-31 1,275.76 141.24 73.78
2015-12-31 1,288.06 143.25 74.11
2015-09-30 1,329.53 136.13 75.65
2015-06-30 1,370.52 135.85 72.98
2015-03-31 1,371.34 136.46 71.50
2014-12-31 1,376.95 120.68 69.38
2014-09-30 1,372.70 118.62 68.53
2014-06-30 1,331.11 116.98 66.69
2014-03-31 1,298.69 115.83 66.04
2013-12-31 1,267.33 112.41 65.15
2013-09-30 1,239.35 99.11 62.77
2013-06-30 1,223.48 93.45 62.56
2013-03-31 1,218.43 88.59 61.46
2012-12-31 1,212.43 83.92 60.68

*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.
  • SITC International Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • SITC International Holdings used its assets more efficiently than the Europe Shipping industry average last year based on Return on Assets.
  • SITC International Holdings has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess SITC International Holdings'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 Shipping 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.
SITC International Holdings has a total score of 5/6, 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.

7S8 Health

 How is SITC International Holdings'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 SITC International Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • SITC International Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • SITC International Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of SITC International Holdings'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 1.4x 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 SITC International Holdings Company Filings, last reported 3 months ago.

DB:7S8 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 1,060.94 424.12 503.14
2019-03-31 1,060.94 424.12 503.14
2018-12-31 1,045.70 313.67 409.41
2018-09-30 1,045.70 313.67 409.41
2018-06-30 991.98 328.58 404.88
2018-03-31 991.98 328.58 404.88
2017-12-31 971.44 415.42 526.84
2017-09-30 971.44 415.42 526.84
2017-06-30 924.75 416.43 413.72
2017-03-31 924.75 416.43 413.72
2016-12-31 887.24 409.57 372.42
2016-09-30 887.24 409.57 372.42
2016-06-30 836.01 402.11 258.00
2016-03-31 836.01 402.11 258.00
2015-12-31 855.35 354.70 292.54
2015-09-30 855.35 354.70 292.54
2015-06-30 840.73 338.26 375.27
2015-03-31 797.19 402.72 502.28
2014-12-31 797.19 402.72 502.28
2014-09-30 746.84 426.54 474.43
2014-06-30 746.84 426.54 474.43
2014-03-31 745.29 321.65 442.70
2013-12-31 745.29 321.65 442.70
2013-09-30
2013-06-30 712.81 262.04 495.83
2013-03-31 693.14 190.39 389.27
2012-12-31 693.14 190.39 389.27
  • SITC International Holdings's level of debt (40%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (57.1% vs 40% today).
  • Debt is well covered by operating cash flow (67.1%, greater than 20% of total debt).
  • SITC International Holdings earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess SITC International Holdings'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. SITC International Holdings has a total score of 6/6, 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.

7S8 Dividends

 What is SITC International Holdings'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
5.34%
Current annual income from SITC International Holdings dividends. Estimated to be 6.21% next year.
If you bought €2,000 of SITC International Holdings shares you are expected to receive €107 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?
  • SITC International Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • SITC International Holdings'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:7S8 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 5 Analyst Estimates (S&P Global) See Below
Europe Shipping Industry Average Dividend Yield Market Cap Weighted Average of 23 Stocks 2.6%
Germany Market Average Dividend Yield Market Cap Weighted Average of 337 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
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:7S8 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.07 3.00
2020-12-31 0.07 4.00
2019-12-31 0.06 4.00
2019-10-13
DB:7S8 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-08-23 0.056 5.472
2019-05-23 0.052 5.238
2019-04-18 0.052 4.984
2019-03-22 0.052 4.865
2018-09-03 0.058 6.707
2018-08-17 0.058 7.279
2018-05-14 0.064 6.060
2017-08-31 0.026 2.577
2017-08-18 0.026 2.793
2017-04-06 0.034 4.363
2017-03-27 0.033 4.864
2017-03-24 0.034 4.966
2016-09-01 0.034 5.476
2016-08-19 0.034 5.946
2016-03-21 0.034 6.175
2016-03-11 0.034 6.924
2015-10-26 0.033 6.924
2015-03-24 0.028 4.819
2015-03-09 0.028 5.194
2014-03-24 0.019 3.975
2014-03-11 0.019 4.112
2013-03-25 0.016 4.007
2013-03-11 0.016 4.016
2012-03-14 0.015 5.552
2011-04-29 0.015 4.893
2011-03-10 0.015 2.628

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

  • SITC International Holdings has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but SITC International Holdings only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of SITC International Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.4x coverage).
X
Income/ dividend checks
We assess SITC International Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - 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 SITC International Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. SITC International Holdings 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.

7S8 Management

 What is the CEO of SITC International Holdings'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
Xianxiang Yang
COMPENSATION $1,588,000
AGE 52
TENURE AS CEO 11.8 years
CEO Bio

Mr. Xianxiang Yang has been the Chief Executive Officer of SITC International Holdings Co., Ltd. since January 2008. Mr. Yang is actively involved in the management and the decision-making process of SITC International. He has over 23 years of experience in the shipping industry through his employment in the shipping companies as detailed herein. In July 1987, he joined Lufeng Shipping Co., Ltd. and served as its Manager until July 1997. From August 1997 to December 2001, he served as General Manager of SITC Container Lines (Shandong) Co., Ltd. From January 2002 to January 2005, he served as Executive Vice President of Shandong SITC and its President from January 2005 to May 2007. From May 2007 to January 2008, he served as president of SITC Container Lines and as the Chief Executive Officer of Shanghai Steamship. He has been a Vice Chairman of SITC International Holdings Co., Ltd. since March 2013 and its Executive Director since April 9, 2010 and as Director since January 2008. Mr. Yang graduated from Asia International Open University (Macau) with a master's degree in Business Administration in 2000 and completed the Chief Executive Officer class in Tsinghua University in 2003. He also received a master's degree in business administration from China Europe International Business School in 2006. He completed a non-degree course in Sinology in Fudan University in 2009, which is a course on Chinese heritage classical study and completed a CEO class at the Cheung Kong Graduate School of Business in 2010, another non-degree course.

CEO Compensation
  • Xianxiang's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.
  • Xianxiang's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the SITC International Holdings management team in years:

8
Average Tenure
50
Average Age
  • The average tenure for the SITC International Holdings management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Shaopeng Yang

TITLE
Executive Chairman of the Board
COMPENSATION
$2M
AGE
62

Xianxiang Yang

TITLE
Vice Chairman & CEO
COMPENSATION
$2M
AGE
52
TENURE
11.8 yrs

Kecheng Liu

TITLE
CFO, GM of Finance Center & Executive Director
COMPENSATION
$571K
AGE
45
TENURE
6.4 yrs

Peng Xue

TITLE
GM of Operations Management Center
COMPENSATION
$531K
AGE
48
TENURE
2.3 yrs

Ming Xue

TITLE
Executive Director
COMPENSATION
$810K
AGE
45

Zhi Lai

TITLE
Executive Director
COMPENSATION
$354K
AGE
46

Weili Xu

TITLE
Chief Officer of Safety Operation Centre
AGE
55
TENURE
11 yrs

Bin Ji

TITLE
President of SITC Logistics
AGE
45
TENURE
9.5 yrs

Wai Chan

TITLE
Joint Company Secretary
AGE
52
TENURE
4.6 yrs

Senyuan Xiao

TITLE
Vice President of SITC Shipping Group Co.
AGE
58
Board of Directors Tenure

Average tenure and age of the SITC International Holdings board of directors in years:

9.1
Average Tenure
51.5
Average Age
  • The tenure for the SITC International Holdings board of directors is about average.
Board of Directors

Shaopeng Yang

TITLE
Executive Chairman of the Board
COMPENSATION
$2M
AGE
62
TENURE
13.5 yrs

Xianxiang Yang

TITLE
Vice Chairman & CEO
COMPENSATION
$2M
AGE
52
TENURE
6.6 yrs

Kecheng Liu

TITLE
CFO, GM of Finance Center & Executive Director
COMPENSATION
$571K
AGE
45
TENURE
12.8 yrs

Peng Xue

TITLE
GM of Operations Management Center
COMPENSATION
$531K
AGE
48
TENURE
11.8 yrs

Ming Xue

TITLE
Executive Director
COMPENSATION
$810K
AGE
45
TENURE
6.6 yrs

Zhi Lai

TITLE
Executive Director
COMPENSATION
$354K
AGE
46
TENURE
6.6 yrs

Arthur Yeung

TITLE
Independent Non-Executive Director
COMPENSATION
$42K
AGE
58
TENURE
9.1 yrs

Yung Kwok Tsui

TITLE
Independent Non-Executive Director
COMPENSATION
$42K
AGE
51
TENURE
9.1 yrs

Maurice Ngai

TITLE
Independent Non-Executive Director
COMPENSATION
$45K
AGE
57
TENURE
9.1 yrs

William Lo

TITLE
Independent Non-Executive Director
COMPENSATION
$42K
AGE
58
TENURE
9.1 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 (€)
05. Jul 19 Buy FMR LLC Company 02. Jul 19 02. Jul 19 472,000 €0.91 €428,843
31. Oct 18 Sell Kwok Yeung Individual 29. Oct 18 29. Oct 18 -17,000 €0.67 €-11,443
31. Oct 18 Sell Kwok Yeung Individual 26. Oct 18 26. Oct 18 -86,000 €0.69 €-59,601
31. Oct 18 Sell Kwok Yeung Individual 30. Oct 18 30. Oct 18 -497,000 €0.63 €-315,073
X
Management checks
We assess SITC International Holdings'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. SITC International Holdings 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.

7S8 News

Simply Wall St News

7S8 Company Info

Description

SITC International Holdings Company Limited, a shipping logistics company, provides integrated transportation and logistics solutions in Mainland China, Hong Kong, Taiwan, Japan, Southeast Asia, and internationally. It operates in two segments, Container Shipping and Logistics; and Dry Bulk and Others. The Container Shipping and Logistics segment offers container transportation, freight forwarding, shipping agency, depot and warehousing, etc. The Dry Bulk and Others segment provides dry bulk vessel and land leasing, as well as air-freight forwarding services. As of December 31, 2018, the company operated a fleet of 79 vessels with a total capacity of 107,269 TEU, including 52 self-owned vessels with a capacity of 68,806 TEU and 27 chartered vessels with a capacity of 38,463 TEU. It also offers vessel and shipping insurance brokerage, container and vessel holding, storage and terminal, and technology services. The company was founded in 1991 and is headquartered in Causeway Bay, Hong Kong. SITC International Holdings Company Limited is a subsidiary of Resourceful Link Management Limited.

Details
Name: SITC International Holdings Company Limited
7S8
Exchange: DB
Founded: 1991
HK$2,543,923,532
2,672,628,260
Website: http://www.sitc.com
Address: SITC International Holdings Company Limited
World Trade Centre,
21st Floor,
Causeway Bay,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1308 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 06. Oct 2010
DB 7S8 Ordinary Shares Deutsche Boerse AG DE EUR 06. Oct 2010
SHSC 1308 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 06. Oct 2010
SZSC 1308 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 06. Oct 2010
OTCPK SITI.Y UNSPONSORED ADS Pink Sheets LLC US USD 31. Aug 2018
Number of employees
Current staff
Staff numbers
1,417
SITC International Holdings employees.
Industry
Marine
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/13 22:39
End of day share price update: 2019/10/11 00:00
Last estimates confirmation: 2019/08/25
Last earnings filing: 2019/09/10
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.