Loading...

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

Dalian Port (PDA)

DB:D7P
Snowflake Description

Undervalued with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
D7P
DB
HK$18B
Market Cap
  1. Home
  2. DE
  3. Transportation
Company description

Dalian Port (PDA) Company Limited, together with its subsidiaries, provides port and logistics services in Mainland China. The last earnings update was 4 days ago. More info.


Add to Portfolio Compare Print
  • Dalian Port (PDA) has significant price volatility in the past 3 months.
D7P Share Price and Events
7 Day Returns
4.2%
DB:D7P
6.6%
DE Infrastructure
7.3%
DE Market
1 Year Returns
-43.2%
DB:D7P
-42.7%
DE Infrastructure
-17.7%
DE Market
D7P Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Dalian Port (PDA) (D7P) 4.2% -24.2% -38.7% -43.2% -62.3% -64.6%
DE Infrastructure 6.6% -32.4% -48.6% -42.7% -41.2% -17.3%
DE Market 7.3% -17.9% -25.8% -17.7% -25.6% -29%
1 Year Return vs Industry and Market
  • D7P matched the Infrastructure industry (-42.7%) over the past year.
  • D7P underperformed the Market in Germany which returned -17.7% over the past year.
Price Volatility
D7P
Industry
5yr Volatility vs Market

D7P Value

 Is Dalian Port (PDA) 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 Dalian Port (PDA) 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 Dalian Port (PDA).

DB:D7P Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 6.4%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

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:D7P
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.3%
Infrastructure Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.728 (1 + (1- 25%) (70.37%))
1.076
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.08
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.076 * 6.33%)
6.42%

Discounted Cash Flow Calculation for DB:D7P using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Dalian Port (PDA) 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:D7P DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 6.42%)
2020 1,106.05 Est @ -12.67% 1,039.33
2021 1,006.62 Est @ -8.99% 888.85
2022 942.10 Est @ -6.41% 781.70
2023 898.73 Est @ -4.6% 700.73
2024 868.72 Est @ -3.34% 636.47
2025 847.39 Est @ -2.45% 583.40
2026 831.84 Est @ -1.84% 538.15
2027 820.18 Est @ -1.4% 498.60
2028 811.17 Est @ -1.1% 463.38
2029 803.99 Est @ -0.89% 431.57
Present value of next 10 years cash flows CN¥6,562.00
DB:D7P DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥803.99 × (1 + -0.39%) ÷ (6.42% – -0.39%)
CN¥11,761.37
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥11,761.37 ÷ (1 + 6.42%)10
CN¥6,313.33
DB:D7P Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥6,562.00 + CN¥6,313.33
CN¥12,875.33
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥12,875.33 / 12,894.54
CN¥1
DB:D7P Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:2880)
1.092
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥1 x 1.092
HK$1.09
Non-primary Listing Adjustment Factor 1 share in DB:D7P represents 0.10081x of SEHK:2880
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.10081x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 1.09 x 0.10081
€0.11
Value per share (EUR) From above. €0.11
Current discount Discount to share price of €0.06
= -1 x (€0.06 - €0.11) / €0.11
43.2%

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

Current Discount
Amount off the current price Dalian Port (PDA) is available for.
Intrinsic value
43%
Share price is €0.0625 vs Future cash flow value of €0.10995
Current Discount Checks
For Dalian Port (PDA) to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Dalian Port (PDA)'s share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Dalian Port (PDA)'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 Dalian Port (PDA)'s earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Dalian Port (PDA)'s earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:D7P PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CNY CN¥0.06
SEHK:2880 Share Price ** SEHK (2020-03-30) in HKD HK$0.62
SEHK:2880 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.915 CN¥0.57
Europe Infrastructure Industry PE Ratio Median Figure of 38 Publicly-Listed Infrastructure Companies 11.07x
Germany Market PE Ratio Median Figure of 400 Publicly-Listed Companies 16.36x

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

** Primary Listing of Dalian Port (PDA).

DB:D7P PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:2880 Share Price ÷ EPS (both in CNY)

= 0.57 ÷ 0.06

9.46x

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

  • Dalian Port (PDA) is good value based on earnings compared to the Europe Infrastructure industry average.
  • Dalian Port (PDA) is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Dalian Port (PDA)'s expected growth come at a high price?
Raw Data
DB:D7P PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.46x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Infrastructure Industry PEG Ratio Median Figure of 18 Publicly-Listed Infrastructure Companies 1.18x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Dalian Port (PDA), we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Dalian Port (PDA)'s assets?
Raw Data
DB:D7P PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CNY CN¥2.04
SEHK:2880 Share Price * SEHK (2020-03-30) in HKD HK$0.62
SEHK:2880 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.915 CN¥0.57
Germany Infrastructure Industry PB Ratio Median Figure of 5 Publicly-Listed Infrastructure Companies 0.96x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.43x
DB:D7P PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:2880 Share Price ÷ Book Value per Share (both in CNY)

= 0.57 ÷ 2.04

0.28x

* Primary Listing of Dalian Port (PDA).

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

  • Dalian Port (PDA) is good value based on assets compared to the DE Infrastructure industry average.
X
Value checks
We assess Dalian Port (PDA)'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. Dalian Port (PDA) has a total score of 5/6, 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.

D7P Future Performance

 How is Dalian Port (PDA) expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Dalian Port (PDA) has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
4.7%
Expected Infrastructure industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Dalian Port (PDA) expected to grow at an attractive rate?
  • Unable to compare Dalian Port (PDA)'s earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Dalian Port (PDA)'s earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Dalian Port (PDA)'s revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:D7P Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Infrastructure Industry Earnings Growth Rate Market Cap Weighted Average 4.7%
Europe Infrastructure Industry Revenue Growth Rate Market Cap Weighted Average 2.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*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:D7P Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:D7P Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
DB:D7P Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-12-31 6,646 1,607 718
2019-09-30 6,295 1,466 622
2019-06-30 6,325 1,620 635
2019-03-31 6,320 1,811 669
2018-12-31 6,754 1,886 523
2018-09-30 8,207 2,066 563
2018-06-30 8,365 1,961 438
2018-03-31 8,614 1,454 282
2017-12-31 9,032 1,299 501
2017-09-30 9,193 1,307 566
2017-06-30 10,652 1,393 548
2017-03-31 12,932 1,893 564

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Dalian Port (PDA) is high growth as no earnings estimate data is available.
  • Unable to determine if Dalian Port (PDA) is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:D7P Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Dalian Port (PDA) Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:D7P Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
DB:D7P Past Financials Data
Date (Data in CNY Millions) EPS *
2019-12-31 0.06
2019-09-30 0.05
2019-06-30 0.05
2019-03-31 0.05
2018-12-31 0.04
2018-09-30 0.04
2018-06-30 0.03
2018-03-31 0.02
2017-12-31 0.04
2017-09-30 0.04
2017-06-30 0.04
2017-03-31 0.04

*GAAP earnings excluding extraordinary items.

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

Next steps:

  1. Examine whether Dalian Port (PDA) is trading at Dalian Port (PDA)'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Dalian Port (PDA)'s future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Transportation companies here
  3. Dalian Port (PDA)'s competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Dalian Port (PDA)'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.
Dalian Port (PDA) has a total score of 0/6, see the detailed checks below.

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

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

D7P Past Performance

  How has Dalian Port (PDA) 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 Dalian Port (PDA)'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.
  • Dalian Port (PDA)'s year on year earnings growth rate has been positive over the past 5 years.
  • Dalian Port (PDA)'s 1-year earnings growth exceeds its 5-year average (37.2% vs 5.2%)
  • Dalian Port (PDA)'s earnings growth has exceeded the Europe Infrastructure industry average in the past year (37.2% vs 6.9%).
Earnings and Revenue History
Dalian Port (PDA)'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 Dalian Port (PDA) Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:D7P 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 6,645.91 718.23 659.18 14.84
2019-09-30 6,294.62 622.22 673.73 13.97
2019-06-30 6,325.22 635.37 686.55 13.36
2019-03-31 6,319.56 669.25 697.14 11.92
2018-12-31 6,754.44 523.32 703.35 11.72
2018-09-30 8,207.32 562.54 767.03 8.07
2018-06-30 8,364.83 438.42 754.87 7.93
2018-03-31 8,613.86 281.79 722.35 11.49
2017-12-31 9,031.64 500.78 707.11 8.51
2017-09-30 9,193.18 565.59 640.57 9.14
2017-06-30 10,652.27 548.46 660.90 6.02
2017-03-31 12,932.17 563.99 678.03
2016-12-31 12,814.48 531.01 656.75
2016-09-30 12,188.81 458.82 617.73
2016-06-30 11,268.04 419.39 624.15
2016-03-31 9,154.79 489.19 606.65
2015-12-31 8,886.17 484.33 599.38
2015-09-30 8,914.10 473.33 603.06
2015-06-30 8,742.93 522.39 591.60
2015-03-31 8,523.97 519.35 582.69
2014-12-31 7,942.46 520.77 570.21
2014-09-30 7,272.41 535.07 561.98
2014-06-30 6,938.58 579.73 551.95
2014-03-31 7,133.26 619.58 535.42
2013-12-31 6,981.98 682.58 537.91
2013-09-30 6,892.11 742.28 514.16
2013-06-30 5,937.61 687.21 491.16
2013-03-31 4,912.32 612.34 478.78

*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.
  • Dalian Port (PDA) has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Dalian Port (PDA) used its assets less efficiently than the Europe Infrastructure industry average last year based on Return on Assets.
  • Dalian Port (PDA) has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Dalian Port (PDA)'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.
Dalian Port (PDA) has a total score of 4/6, 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.

D7P Health

 How is Dalian Port (PDA)'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 Dalian Port (PDA)'s finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Dalian Port (PDA) is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Dalian Port (PDA)'s long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Dalian Port (PDA)'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 0.8x 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 Dalian Port (PDA) Company Filings, last reported 2 months ago.

DB:D7P Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 21,404.42 8,291.52 4,356.36
2019-09-30 21,303.58 8,257.15 3,937.49
2019-06-30 21,002.14 9,510.39 5,144.45
2019-03-31 20,973.09 11,437.02 6,791.29
2018-12-31 20,860.32 12,058.25 7,621.81
2018-09-30 20,930.06 12,126.66 7,143.10
2018-06-30 20,603.82 11,949.58 6,838.07
2018-03-31 20,556.52 12,201.82 6,197.24
2017-12-31 20,619.80 13,406.83 7,662.97
2017-09-30 19,347.44 11,490.43 6,920.33
2017-06-30 19,188.26 11,565.45 7,986.34
2017-03-31 19,283.88 11,019.20 7,273.65
2016-12-31 19,106.31 10,537.56 7,198.58
2016-09-30 18,950.54 10,711.01 6,464.95
2016-06-30 18,808.88 10,730.59 6,454.78
2016-03-31 19,101.14 11,147.60 6,240.02
2015-12-31 15,369.29 11,261.15 2,949.48
2015-09-30 15,289.57 11,263.35 2,915.27
2015-06-30 15,154.77 10,488.97 2,532.67
2015-03-31 15,148.01 10,668.17 2,819.60
2014-12-31 14,984.01 10,251.24 2,461.46
2014-09-30 14,914.07 9,289.34 1,707.62
2014-06-30 14,721.68 9,156.35 2,122.60
2014-03-31 14,793.79 9,917.33 2,015.37
2013-12-31 14,661.29 9,957.62 2,351.81
2013-09-30 14,601.23 10,153.18 2,538.14
2013-06-30 14,395.22 10,372.54 2,555.55
2013-03-31 14,188.27 10,968.16 2,193.83
  • Dalian Port (PDA)'s level of debt (38.4%) 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 (68.5% vs 38.4% today).
  • Debt is not well covered by operating cash flow (19.5%, less than 20% of total debt).
  • Dalian Port (PDA) earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Dalian Port (PDA)'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. Dalian Port (PDA) has a total score of 4/6, 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.

D7P Dividends

 What is Dalian Port (PDA)'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
3.35%
Current annual income from Dalian Port (PDA) dividends.
If you bought €2,000 of Dalian Port (PDA) shares you are expected to receive €67 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?
  • Dalian Port (PDA)'s pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.7%).
  • Dalian Port (PDA)'s dividend is below the markets top 25% of dividend payers in Germany (4.97%).
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:D7P Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Europe Infrastructure Industry Average Dividend Yield Market Cap Weighted Average of 31 Stocks 6.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 1%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

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

DB:D7P Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
DB:D7P Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-06-27 0.019 2.329
2019-03-27 0.019 2.135
2019-03-26 0.019 2.113
2018-05-11 0.023 2.459
2017-07-18 0.015 1.296
2016-06-29 0.033 2.601
2015-06-29 0.017 1.608
2014-08-18 0.026 2.527
2013-06-28 0.022 3.504
2012-06-27 0.026 4.362
2011-06-27 0.022 3.130
2010-02-26 0.109 9.013
2009-04-17 0.039 3.263
2009-04-03 0.039 3.574

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Dalian Port (PDA)'s earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.2x 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 Dalian Port (PDA)'s dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - 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 Dalian Port (PDA) afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Dalian Port (PDA) 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.

D7P Management

 What is the CEO of Dalian Port (PDA)'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
Dequan Sun
AGE 57
TENURE AS CEO 0.3 years
CEO Bio

Mr. Dequan Sun serves as the General Manager of Dalian Port (PDA) Co. since December 17, 2019. Mr. Sun held various positions including the General Manager of Dalian Port Oil Terminal Company, the assistant general manager of Dalian Port Group Corporation Limited and the general manager of Dalian Port Oil Terminal Company, and the general manager of Dalian Port Oil Terminal Company. Mr. Sun is currently the general manager of Dalian Port (PDA) Company Limited* and holds relevant position in certain subsidiaries of the Company. Mr. Sun Dequan obtained a bachelor degree in Storage and Transportation from East China Petroleum Institute and a master degree in business administration management from Party School of Liaoning Provincial Party Committee. He is a senior engineer.

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

Average tenure and age of the Dalian Port (PDA) management team in years:

0.3
Average Tenure
50
Average Age
  • The average tenure for the Dalian Port (PDA) management team is less than 2 years, this suggests a new team.
Management Team

Minghui Wei

TITLE
Executive Chairman
COMPENSATION
CN¥373K
AGE
50
TENURE
0.3 yrs

Ping Wang

TITLE
Deputy Chief Accountant & Deputy Head of the Finance Department
COMPENSATION
CN¥434K
AGE
50

Arthur Lee

TITLE
Joint Company Secretary
COMPENSATION
CN¥1M
AGE
60

Dequan Sun

TITLE
General Manager
AGE
57
TENURE
0.3 yrs

Huiying Wang

TITLE
Joint Company Secretary
AGE
41
TENURE
0.9 yrs
Board of Directors Tenure

Average tenure and age of the Dalian Port (PDA) board of directors in years:

3.3
Average Tenure
52
Average Age
  • The tenure for the Dalian Port (PDA) board of directors is about average.
Board of Directors

Minghui Wei

TITLE
Executive Chairman
COMPENSATION
CN¥373K
AGE
50
TENURE
0.3 yrs

Dong Cao

TITLE
Vice Chairman of the Board
TENURE
0.8 yrs

Zhifeng Wang

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥200K
AGE
64
TENURE
5.4 yrs

Xiyun Sun

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥200K
AGE
68
TENURE
5 yrs

Martin Law

TITLE
Independent Non-Executive Director
AGE
52
TENURE
2.8 yrs

Jianhui Li

TITLE
Non-Executive Director
TENURE
0.8 yrs

Yi Yuan

TITLE
Non-Executive Director
TENURE
0.8 yrs

Xianjing Kong

TITLE
Independent Supervisor
COMPENSATION
CN¥42K
AGE
67
TENURE
5.7 yrs

Wenjun Jia

TITLE
Supervisor
AGE
45
TENURE
5 yrs

Yue Qi

TITLE
Supervisor
AGE
47
TENURE
3.8 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 (€)
29. Oct 19 Sell Nippon Yusen Kabushiki Kaisha Company 25. Oct 19 25. Oct 19 -264,040,000 €0.12 €-30,766,119
X
Management checks
We assess Dalian Port (PDA)'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. Dalian Port (PDA) 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.

D7P News

Simply Wall St News

D7P Company Info

Description

Dalian Port (PDA) Company Limited, together with its subsidiaries, provides port and logistics services in Mainland China. The company offers oil/liquefied chemicals terminal and related logistics, and trading services for loading and discharging, storage, and transshipment of oil products and liquefied chemicals; and port management services. It also provides container terminal and related logistics services for loading and discharging, storage, and transshipment of containers; and various container logistics services, as well as leases terminals and sells properties. In addition, the company offers bulk and general cargo terminal and related logistics services for loading and discharging general cargo and ore, as well as trades in steel. Further, it provides bulk grains terminal, and related logistics and trading services for loading and discharging of grains, as well as trades in unprocessed grains; passenger, roll-on and roll-off terminal, and related logistics services; and port value-added and related ancillary services, including tallying, tugging, transportation, power supply, information technology, and construction. Additionally, the company offers automobile terminal, and related logistics and trading services for loading and discharging automobile. Dalian Port (PDA) Company Limited was founded in 2005 and is headquartered in Dalian, the People’s Republic of China. Dalian Port (PDA) Company Limited is a subsidiary of Dalian Port Group Co., Ltd.

Details
Name: Dalian Port (PDA) Company Limited
D7P
Exchange: DB
Founded: 2005
HK$2,072,781,635
12,894,535,999
Website: http://www.dlport.cn
Address: Dalian Port (PDA) Company Limited
Xingang Commercial Building,
Dayao Bay,
Dalian,
Liaoning Province, 116601,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 2880 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong Ltd. HK HKD 28. Apr 2006
OTCPK DLPT.F Foreign Shares-Foreign Listed Pink Sheets LLC US USD 28. Apr 2006
DB D7P Foreign Shares-Foreign Listed Deutsche Boerse AG DE EUR 28. Apr 2006
SHSC 2880 Foreign Shares-Foreign Listed Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 28. Apr 2006
SZSC 2880 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 28. Apr 2006
SHSE 601880 Domestic Shares Shanghai Stock Exchange CN CNY 06. Dec 2010
XSSC 601880 Domestic Shares Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect CN CNY 06. Dec 2010
Number of employees
Current staff
Staff numbers
6,819
Dalian Port (PDA) employees.
Industry
Marine Ports and Services
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/30 21:12
End of day share price update: 2020/03/30 00:00
Last estimates confirmation: 2019/03/26
Last earnings filing: 2020/03/26
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.