Loading...

We've got a brand new version of Simply Wall St! Try it out

COSCO SHIPPING Development

DB:EZ5
Snowflake Description

Proven track record and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
EZ5
DB
HK$26B
Market Cap
  1. Home
  2. DE
  3. Transportation
Company description

COSCO SHIPPING Development Co., Ltd., together with its subsidiaries, provides vessel chartering and container leasing services. The last earnings update was 43 days ago. More info.


Add to Portfolio Compare Print
EZ5 Share Price and Events
7 Day Returns
5.3%
DB:EZ5
4.1%
Europe Shipping
2.5%
DE Market
1 Year Returns
8.7%
DB:EZ5
6.2%
Europe Shipping
2.6%
DE Market
EZ5 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
COSCO SHIPPING Development (EZ5) 5.3% 11.1% -5.7% 8.7% -43.8% -51.2%
Europe Shipping 4.1% -1.8% 9.8% 6.2% 6.6% -14.6%
DE Market 2.5% 0.2% 1% 2.6% 7.8% 23.7%
1 Year Return vs Industry and Market
  • EZ5 outperformed the Shipping industry which returned 6.2% over the past year.
  • EZ5 outperformed the Market in Germany which returned 2.6% over the past year.
Price Volatility
EZ5
Industry
5yr Volatility vs Market
Related Companies

Itron

NasdaqGS:ITRI

Add Compare

EZ5 Value

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

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

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

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

DB:EZ5 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-06-30) in CNY CN¥ .032923
Payout Ratio Company Filings (2019-06-30) 25645.7%
Discount Rate (Cost of Equity) See below 7.6%
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:EZ5
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
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%) (462.3%))
1.232
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.23
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.232 * 5.96%)
7.57%

Discounted Cash Flow Calculation for DB:EZ5 using Dividend Discount Model Model

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

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

See our documentation to learn about this calculation.

DB:EZ5 Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= CN¥0.03 / (7.57% - 0.23%)
CN¥0
DB:EZ5 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:2866)
1.107
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥0.16 x 1.107
HK$0.18
Non-primary Listing Adjustment Factor 1 share in DB:EZ5 represents 0.1087x of SEHK:2866
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.1087x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 0.18 x 0.1087
€0.02
Value per share (EUR) From above. €0.02
Current discount Discount to share price of €0.10
= -1 x (€0.10 - €0.02) / €0.02
-416.6%

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

  • The current share price of COSCO SHIPPING Development is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for COSCO SHIPPING Development's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are COSCO SHIPPING Development's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:EZ5 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in CNY CN¥0.17
SEHK:2866 Share Price ** SEHK (2019-10-11) in HKD HK$0.92
SEHK:2866 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.904 CN¥0.83
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 COSCO SHIPPING Development.

DB:EZ5 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:2866 Share Price ÷ EPS (both in CNY)

= 0.83 ÷ 0.17

4.94x

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

  • COSCO SHIPPING Development is good value based on earnings compared to the Europe Shipping industry average.
  • COSCO SHIPPING Development is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does COSCO SHIPPING Development's expected growth come at a high price?
Raw Data
DB:EZ5 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.94x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
2.3%per year
Europe Shipping Industry PEG Ratio Median Figure of 14 Publicly-Listed Shipping Companies 0.79x
Germany Market PEG Ratio Median Figure of 264 Publicly-Listed Companies 1.38x

*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 COSCO SHIPPING Development, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on COSCO SHIPPING Development's assets?
Raw Data
DB:EZ5 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in CNY CN¥2.03
SEHK:2866 Share Price * SEHK (2019-10-11) in HKD HK$0.92
SEHK:2866 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.904 CN¥0.83
Europe Shipping Industry PB Ratio Median Figure of 43 Publicly-Listed Shipping Companies 0.76x
Germany Market PB Ratio Median Figure of 597 Publicly-Listed Companies 1.74x
DB:EZ5 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:2866 Share Price ÷ Book Value per Share (both in CNY)

= 0.83 ÷ 2.03

0.41x

* Primary Listing of COSCO SHIPPING Development.

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

  • COSCO SHIPPING Development is good value based on assets compared to the Europe Shipping industry average.
X
Value checks
We assess COSCO SHIPPING Development's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the 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. COSCO SHIPPING Development has a total score of 3/6, 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.

EZ5 Future Performance

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

  • No analysts cover COSCO SHIPPING Development, future earnings growth has been estimated based on fundamentals.
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
2.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is COSCO SHIPPING Development expected to grow at an attractive rate?
  • COSCO SHIPPING Development's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • COSCO SHIPPING Development's earnings growth is positive but not above the Germany market average.
  • Unable to compare COSCO SHIPPING Development's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:EZ5 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:EZ5 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 2.3%
Europe Shipping Industry Earnings Growth Rate Market Cap Weighted Average 22.3%
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 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:EZ5 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:EZ5 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
DB:EZ5 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-06-30 14,987 7,768 1,963
2019-03-31 16,092 9,620 1,702
2018-12-31 16,684 6,549 1,386
2018-09-30 17,615 11,459 1,128
2018-06-30 17,010 10,314 734
2018-03-31 16,316 9,773 1,395
2017-12-31 16,341 11,930 1,462
2017-09-30 15,850 5,900 1,033
2017-06-30 15,043 5,981 1,441
2017-03-31 14,398 8,006 1,576
2016-12-31 15,965 7,756 369
2016-09-30 21,394 5,777 531

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • COSCO SHIPPING Development's earnings are expected to grow by 2.3% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if COSCO SHIPPING Development is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:EZ5 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

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

DB:EZ5 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
DB:EZ5 Past Financials Data
Date (Data in CNY Millions) EPS *
2019-06-30 0.17
2019-03-31 0.15
2018-12-31 0.12
2018-09-30 0.10
2018-06-30 0.06
2018-03-31 0.12
2017-12-31 0.13
2017-09-30 0.09
2017-06-30 0.12
2017-03-31 0.13
2016-12-31 0.03
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.
  • Unable to establish if COSCO SHIPPING Development will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess COSCO SHIPPING Development's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the 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.
COSCO SHIPPING Development has a total score of 1/6, 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.

EZ5 Past Performance

  How has COSCO SHIPPING Development performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare COSCO SHIPPING Development'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.
  • COSCO SHIPPING Development has delivered over 20% year on year earnings growth in the past 5 years.
  • COSCO SHIPPING Development's 1-year earnings growth exceeds its 5-year average (167.3% vs 32.2%)
  • COSCO SHIPPING Development's earnings growth has exceeded the Europe Shipping industry average in the past year (167.3% vs -1%).
Earnings and Revenue History
COSCO SHIPPING Development's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

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

DB:EZ5 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 14,986.83 1,962.65 1,261.81 3.49
2019-03-31 16,091.61 1,701.87 1,134.91 4.01
2018-12-31 16,683.74 1,386.17 1,194.24 3.99
2018-09-30 17,614.91 1,127.96 1,211.46 0.65
2018-06-30 17,010.32 734.20 1,214.23 0.55
2018-03-31 16,316.07 1,395.05 1,123.98
2017-12-31 16,341.35 1,461.89 983.23
2017-09-30 15,850.25 1,032.67 1,215.66
2017-06-30 15,042.54 1,441.15 1,102.59
2017-03-31 14,397.86 1,575.59 1,128.47
2016-12-31 15,964.91 368.59 1,249.86
2016-09-30 21,393.89 531.47 1,106.17
2016-06-30 26,982.41 -1,050.87 1,248.68
2016-03-31 32,748.15 -1,744.31 1,223.16
2015-12-31 36,580.60 -199.32 1,359.49
2015-09-30 36,963.19 142.32 1,155.53
2015-06-30 37,099.53 1,434.65 1,086.34
2015-03-31 36,891.71 1,685.40 1,075.45
2014-12-31 36,233.48 1,061.28 900.21
2014-09-30 35,645.20 -312.95 935.60
2014-06-30 35,609.40 -920.18 924.39
2014-03-31 34,804.93 -1,895.84 902.28
2013-12-31 34,341.02 -2,646.15 887.91
2013-09-30 34,276.28 -857.00 901.53
2013-06-30 34,386.43 538.03 889.93
2013-03-31 35,071.81 1,287.31 911.52
2012-12-31 33,424.84 522.69 891.05

*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.
  • COSCO SHIPPING Development has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • COSCO SHIPPING Development used its assets less efficiently than the Europe Shipping industry average last year based on Return on Assets.
  • COSCO SHIPPING Development has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess COSCO SHIPPING Development's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the 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.
COSCO SHIPPING Development 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.

EZ5 Health

 How is COSCO SHIPPING Development's financial health and their level of debt?

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

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

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • COSCO SHIPPING Development's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • COSCO SHIPPING Development's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of COSCO SHIPPING Development's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.3x 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 COSCO SHIPPING Development Company Filings, last reported 3 months ago.

DB:EZ5 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 23,561.10 107,805.74 13,668.81
2019-03-31 20,564.86 108,711.36 13,474.51
2018-12-31 18,040.14 110,833.89 16,204.97
2018-09-30 16,603.70 107,734.53 12,905.64
2018-06-30 16,995.00 102,559.77 6,679.41
2018-03-31 17,462.30 95,744.45 23,035.96
2017-12-31 16,873.79 99,836.60 25,505.34
2017-09-30 14,925.38 92,113.58 12,616.65
2017-06-30 14,746.06 94,560.20 14,487.19
2017-03-31 14,196.43 82,652.81 13,279.34
2016-12-31 13,563.11 97,530.38 16,737.19
2016-09-30 14,259.66 83,972.77 19,497.49
2016-06-30 14,146.92 74,706.58 14,851.50
2016-03-31 18,345.18 72,869.15 16,161.42
2015-12-31 45,276.62 55,497.35 17,732.69
2015-09-30 23,937.22 28,451.28 10,353.68
2015-06-30 24,895.12 24,541.17 8,331.49
2015-03-31 25,147.18 23,706.70 8,552.45
2014-12-31 24,877.48 23,947.89 9,361.11
2014-09-30 24,517.24 23,145.22 9,127.93
2014-06-30 24,294.92 21,883.49 8,218.14
2014-03-31 24,310.85 20,208.61 7,321.56
2013-12-31 24,218.05 20,728.86 9,016.56
2013-09-30 25,539.61 21,006.37 8,231.46
2013-06-30 26,093.85 19,057.01 7,064.14
2013-03-31 26,790.91 19,442.21 8,087.06
2012-12-31 27,473.66 18,681.16 8,831.97
  • COSCO SHIPPING Development's level of debt (457.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (90.1% vs 457.6% today).
  • Debt is not well covered by operating cash flow (7.2%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.5x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess COSCO SHIPPING Development's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. COSCO SHIPPING Development has a total score of 0/6, 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.

EZ5 Dividends

 What is COSCO SHIPPING Development's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.96%
Current annual income from COSCO SHIPPING Development dividends.
If you bought €2,000 of COSCO SHIPPING Development shares you are expected to receive €79 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?
  • COSCO SHIPPING Development's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • COSCO SHIPPING Development'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:EZ5 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 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 0.8%
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:EZ5 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
DB:EZ5 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-06-03 0.033 4.041
2019-04-01 0.033 3.664
2009-08-28 0.000 0.000
2009-04-28 0.000 0.000
2009-03-26 0.000 0.000

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

  • It is too early to tell whether COSCO SHIPPING Development has stable dividend payments.
  • COSCO SHIPPING Development only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of COSCO SHIPPING Development's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5.1x 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 COSCO SHIPPING Development'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 COSCO SHIPPING Development afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. COSCO SHIPPING Development has a total score of 3/6, see the detailed checks below.


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

EZ5 Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Daxiong Wang
COMPENSATION CN¥2,626,000
AGE 59
TENURE AS CEO 3.4 years
CEO Bio

Mr. Daxiong Wang has been the Chief Executive Officer and Executive Director of COSCO SHIPPING Development Co., Ltd. (Also known as China Shipping Container Lines Company Limited) since May 2016 and May 10, 2016 respectively. Mr. Wang has been the Chairman of COSCO SHIPPING Development Co., Ltd. since July 05, 2019. He has extensive experience in financial management. He served as Vice President and Chief Accountant of China Maritime Transport Group Company since March 2001. He served as the Chief Accountant and Vice President of COSCO at China Merchants Bank Co., Ltd. since March 2001 and joined in February 2004. He has finance-related experience via serving as the Deputy General Manager of China Shipping (Group) Company from January 1998 to March 2014. He served as the Chief Accountant of Guangzhou Shipping (Group) Company since 1996. He served as a Vice President of China COSCO Shipping Corporation Limited (Also known as China Shipping (Group) Company), a subsidiary of China Shipping Container Lines Co. Ltd. since 2005. He has a good command of financial and accounting knowledge and has acquired substantial experience in finance, accounting, enterprise operation and coordination. He served as Senior Accountant and Vice President of China Shipping (Group) Company until March 18, 2014. He joined Guangzhou BOMTA in 1983 and served as a Section Chief, then Assistant Head of Finance Division of Guangzhou BOMTA. He served as the Chief Financial Officer of China Shipping (Group) Company from 1997 to 2001. He has been working in the shipping industry since 1983. From 1983 to 1995, he was the Deputy Unit Head, Unit Head and Department Head of the Finance Unit of the Guangzhou Maritime Bureau. He served as Department Head, Financial Assistant and Division Head of The Finance Division of the Guangzhou Maritime Bureau from March 1991 to January 1996, Deputy Head and Head of The Finance Division of the Second Cargo of Guangzhou Maritime Bureau from March 1988 to March 1991 and Deputy Head of the Finance Division of the Guangzhou Maritime Bureau from December 1987 to March 1988. He served as the Chief Accountant of China Shipping from 1998 to 2001. He served as the Head of The Finance Department and Chief Accountant of Guangzhou Maritime Transport (Group) Co., Ltd. from January 1996 to January 1998. He serves as Chairman of the Board at China Shipping Investment Co, Ltd., China Shipping Nauticgreen Holdings Company Limited, CSHH and China Shipping Group Investment Company Limited and Shanghai Transportation Account Association. He has been the Chairman of The Board of Directors of COSCO SHIPPING Financial Co., Limited since March 2014. He served as the Chairman and Director of Lanhai Medical Investment Co., Ltd. (Also known as China Shipping Haisheng Co., Ltd.). He served as the Vice Chairman and Chairman of The Board of Directors of China Shipping Haisheng Shipping Co., Ltd. from June 1998 to July 2001 and from July 2001 to April 2014, respectively. He has been Vice Chairman of The Board of The Directors of New China COSCO Financial Holdings Limited since March 2017. He serves as a Director of CSDC and China Merchant Bank. He has been a Non-Executive Director of China Merchants Securities Co.,Ltd since September 21, 2016. He has been Non Executive Director of China Merchants Bank Co., Ltd. since November 21, 2016 and previously served in same position from April 18, 1998 to March 21, 2014. He has been a Director of CIB Fund Management Co., Ltd. since April 2016 and Guangzhou Shipping (Group) Company since 1996. He served as a Non-Executive Director at COSCO SHIPPING Development Co., Ltd. (Also known as China Shipping Container Lines Co. Ltd.) June 2004 to June 26, 2014. He served as an Executive Director at COSCO SHIPPING Energy Transportation Co., Ltd. (Also known as China Shipping Development Company Limited) from August 26, 1997 to March 18, 2014. He became the President of the Shanghai Transportation Accounting Association and a Committee Member of the Senior Accountant Assessment Committee of the MOC. Mr. WANG also obtained the qualification of senior accountant from Ministry of Transport in November 1995. Mr. Wang graduated with Bachelor's Degree from Shanghai Maritime University in July 1983, majoring in Maritime Management, Finance of Water Transportation Management, Economics, Finance and Accounting. Mr. Wang holds an EMBA degree from Shanghai University of Finance and Economics in January 2012.

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

Average tenure and age of the COSCO SHIPPING Development management team in years:

3.5
Average Tenure
48.5
Average Age
  • The tenure for the COSCO SHIPPING Development management team is about average.
Management Team

Daxiong Wang

TITLE
CEO & Chairman
COMPENSATION
CN¥3M
AGE
59
TENURE
3.4 yrs

Hui Xu

TITLE
Deputy GM & Executive Director
COMPENSATION
CN¥2M
AGE
57
TENURE
3.5 yrs

Chong Liu

TITLE
GM & Executive Director
COMPENSATION
CN¥2M
AGE
49
TENURE
3.6 yrs

Feng Lin

TITLE
Chief Accountant
AGE
44
TENURE
1.1 yrs

Dong Ming

TITLE
Deputy General Manager
AGE
48
TENURE
3.6 yrs

Zhen Yu

TITLE
Company Secretary
COMPENSATION
CN¥751K
AGE
42
TENURE
2.5 yrs
Board of Directors Tenure

Average tenure and age of the COSCO SHIPPING Development board of directors in years:

3.3
Average Tenure
58.5
Average Age
  • The tenure for the COSCO SHIPPING Development board of directors is about average.
Board of Directors

Daxiong Wang

TITLE
CEO & Chairman
COMPENSATION
CN¥3M
AGE
59
TENURE
0.3 yrs

Hui Xu

TITLE
Deputy GM & Executive Director
COMPENSATION
CN¥2M
AGE
57
TENURE
3.3 yrs

Chong Liu

TITLE
GM & Executive Director
COMPENSATION
CN¥2M
AGE
49
TENURE
3.3 yrs

Hongjun Ye

TITLE
Chairman of Supervisors
AGE
56

Chi Hai

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥300K
AGE
65
TENURE
4.4 yrs

Hongping Cai

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥300K
AGE
65
TENURE
3.3 yrs

Weihua Zhang

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥150K
AGE
58
TENURE
1.6 yrs

Jianzhong Lu

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥138K
AGE
65
TENURE
1.8 yrs

Graeme Allan Jack

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥300K
AGE
69
TENURE
4.3 yrs

Boming Feng

TITLE
Non-Executive Director
AGE
50
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 (€)
X
Management checks
We assess COSCO SHIPPING Development's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. COSCO SHIPPING Development has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


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

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

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

EZ5 News

Simply Wall St News

EZ5 Company Info

Description

COSCO SHIPPING Development Co., Ltd., together with its subsidiaries, provides vessel chartering and container leasing services. The company manufactures and sells containers; and offers operating leasing, equity or debt investment, insurance brokerage, and cargo and liner agency services, as well as financial leasing services in the areas of medical services, education, new energy, and construction and industrial equipment. It also offers container management, management, property investment, trading, and commercial factoring services. As of December 31, 2018, the company had a container fleet of 90 vessels with a total capacity of 629,500 TEU; 4 bulk cargo vessels of 64,000 DWT each; approximately 80 bulk cargo vessels, LNG vessels, and heavy crane vessels; and an inventory of containers of approximately 3.80 million TEU. It has operations in Hong Kong, Mainland China, rest of Asia, the United States, Europe, and internationally. The company was formerly known as China Shipping Container Lines Company Limited and changed its name to COSCO SHIPPING Development Co., Ltd. in December 2016. COSCO SHIPPING Development Co., Ltd. was founded in 1997 and is headquartered in Shanghai, the People’s Republic of China.

Details
Name: COSCO SHIPPING Development Co., Ltd.
EZ5
Exchange: DB
Founded: 1997
HK$3,047,071,717
11,528,497,997
Website: http://development.coscoshipping.com
Address: COSCO SHIPPING Development Co., Ltd.
COSCO SHIPPING Plaza,
5299 Binjiang Dadao,
Shanghai,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 2866 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong Ltd. HK HKD 16. Jun 2004
OTCPK CITA.F Foreign Shares-Foreign Listed Pink Sheets LLC US USD 16. Jun 2004
DB EZ5 Foreign Shares-Foreign Listed Deutsche Boerse AG DE EUR 16. Jun 2004
SHSC 2866 Foreign Shares-Foreign Listed Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 16. Jun 2004
SZSC 2866 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 16. Jun 2004
SHSE 601866 Domestic Shares Shanghai Stock Exchange CN CNY 13. Dec 2007
XSSC 601866 Domestic Shares Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect CN CNY 13. Dec 2007
Number of employees
Current staff
Staff numbers
864
COSCO SHIPPING Development employees.
Industry
Marine
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/12 20:57
End of day share price update: 2019/10/11 00:00
Last estimates confirmation: 2017/03/30
Last earnings filing: 2019/08/30
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.