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Sinotrans

DB:SIY
Snowflake Description

Undervalued established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SIY
DB
HK$29B
Market Cap
  1. Home
  2. DE
  3. Transportation
Company description

Sinotrans Limited provides integrated logistics services primarily in the People’s Republic of China. The last earnings update was 22 days ago. More info.


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SIY Share Price and Events
7 Day Returns
0.8%
DB:SIY
-0%
Europe Logistics
-0.5%
DE Market
1 Year Returns
-18.3%
DB:SIY
19.4%
Europe Logistics
12.2%
DE Market
SIY Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sinotrans (SIY) 0.8% 1.5% -3.6% -18.3% -37.8% -53.2%
Europe Logistics -0% 9.7% 12.5% 19.4% 26.3% 35.2%
DE Market -0.5% 4.4% 11.1% 12.2% 13.8% 16.6%
1 Year Return vs Industry and Market
  • SIY underperformed the Logistics industry which returned 19.4% over the past year.
  • SIY underperformed the Market in Germany which returned 12.2% over the past year.
Price Volatility
SIY
Industry
5yr Volatility vs Market

SIY Value

 Is Sinotrans 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 Sinotrans 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 Sinotrans.

DB:SIY Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 8 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.8%
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:SIY
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Logistics Unlevered Beta Simply Wall St/ S&P Global 1
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.996 (1 + (1- 25%) (53.97%))
1.267
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.27
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.267 * 5.96%)
7.78%

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

The calculations below outline how an intrinsic value for Sinotrans 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:SIY DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 7.78%)
2020 741.00 Analyst x1 687.50
2021 1,053.00 Analyst x1 906.44
2022 1,289.73 Est @ 22.48% 1,030.07
2023 1,493.58 Est @ 15.81% 1,106.76
2024 1,659.85 Est @ 11.13% 1,141.17
2025 1,790.34 Est @ 7.86% 1,142.01
2026 1,890.08 Est @ 5.57% 1,118.59
2027 1,965.08 Est @ 3.97% 1,079.02
2028 2,021.01 Est @ 2.85% 1,029.61
2029 2,062.65 Est @ 2.06% 974.96
Present value of next 10 years cash flows CN¥10,216.00
DB:SIY DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥2,062.65 × (1 + 0.23%) ÷ (7.78% – 0.23%)
CN¥27,369.72
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥27,369.72 ÷ (1 + 7.78%)10
CN¥12,936.90
DB:SIY Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥10,216.00 + CN¥12,936.90
CN¥23,152.90
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥23,152.90 / 7,400.80
CN¥3.13
DB:SIY Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:598)
1.112
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥3.13 x 1.112
HK$3.48
Non-primary Listing Adjustment Factor 1 share in DB:SIY represents 0.11029x of SEHK:598
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.11029x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 3.48 x 0.11029
€0.38
Value per share (EUR) From above. €0.38
Current discount Discount to share price of €0.27
= -1 x (€0.27 - €0.38) / €0.38
30.2%

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

Current Discount
Amount off the current price Sinotrans is available for.
Intrinsic value
30%
Share price is €0.268 vs Future cash flow value of €0.38383
Current Discount Checks
For Sinotrans to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Sinotrans's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Sinotrans'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 Sinotrans's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sinotrans's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:SIY PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in CNY CN¥0.42
SEHK:598 Share Price ** SEHK (2019-11-20) in HKD HK$2.43
SEHK:598 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.899 CN¥2.18
Europe Logistics Industry PE Ratio Median Figure of 24 Publicly-Listed Logistics Companies 16.43x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 19.86x

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

** Primary Listing of Sinotrans.

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

= SEHK:598 Share Price ÷ EPS (both in CNY)

= 2.18 ÷ 0.42

5.26x

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

  • Sinotrans is good value based on earnings compared to the Europe Logistics industry average.
  • Sinotrans is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Sinotrans's expected growth come at a high price?
Raw Data
DB:SIY PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.26x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
9.2%per year
Europe Logistics Industry PEG Ratio Median Figure of 14 Publicly-Listed Logistics Companies 1.74x
Germany Market PEG Ratio Median Figure of 259 Publicly-Listed Companies 1.37x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 5.26x ÷ 9.2%

0.57x

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

  • Sinotrans is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Sinotrans's assets?
Raw Data
DB:SIY PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in CNY CN¥3.75
SEHK:598 Share Price * SEHK (2019-11-20) in HKD HK$2.43
SEHK:598 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.899 CN¥2.18
Europe Logistics Industry PB Ratio Median Figure of 28 Publicly-Listed Logistics Companies 2.51x
Germany Market PB Ratio Median Figure of 578 Publicly-Listed Companies 1.87x
DB:SIY PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:598 Share Price ÷ Book Value per Share (both in CNY)

= 2.18 ÷ 3.75

0.58x

* Primary Listing of Sinotrans.

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

  • Sinotrans is good value based on assets compared to the Europe Logistics industry average.
X
Value checks
We assess Sinotrans'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 Logistics 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 Logistics industry average (and greater than 0)? (1 check)
  5. Sinotrans 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.

SIY Future Performance

 How is Sinotrans expected to perform in the next 1 to 3 years based on estimates from 8 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
9.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sinotrans expected to grow at an attractive rate?
  • Sinotrans's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Sinotrans's earnings growth is positive but not above the Germany market average.
  • Sinotrans's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:SIY Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:SIY Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 9.2%
DB:SIY Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 6%
Europe Logistics Industry Earnings Growth Rate Market Cap Weighted Average 12.7%
Europe Logistics Industry Revenue Growth Rate Market Cap Weighted Average 2.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.9%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

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

Analysts growth expectations
Raw Data
DB:SIY Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:SIY Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 88,819 3,991 3,166 6
2020-12-31 83,540 3,985 2,884 8
2019-12-31 78,912 3,169 2,553 7
2019-11-20
DB:SIY Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-09-30 77,423 1,999 2,883
2019-06-30 78,538 2,596 2,926
2019-03-31 77,834 2,119 2,806
2018-12-31 77,312 2,013 2,704
2018-09-30 74,821 1,833 2,477
2018-06-30 74,650 2,917 2,374
2018-03-31 73,136 2,311 2,171
2017-12-31 73,158 3,006 2,304
2017-09-30 73,244 2,065 2,408
2017-06-30 73,331 1,123 2,512
2017-03-31 66,741 1,748 2,383
2016-12-31 60,152 2,373 2,254

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Sinotrans's earnings are expected to grow by 9.2% yearly, however this is not considered high growth (20% yearly).
  • Sinotrans's revenue is expected to grow by 6% 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:SIY Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below

All data from Sinotrans Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:SIY Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.42 0.51 0.31 6.00
2020-12-31 0.38 0.44 0.28 8.00
2019-12-31 0.34 0.38 0.27 6.00
2019-11-20
DB:SIY Past Financials Data
Date (Data in CNY Millions) EPS *
2019-09-30 0.42
2019-06-30 0.45
2019-03-31 0.44
2018-12-31 0.45
2018-09-30 0.41
2018-06-30 0.39
2018-03-31 0.36
2017-12-31 0.38
2017-09-30 0.38
2017-06-30 0.37
2017-03-31 0.37
2016-12-31 0.37

*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.
  • Sinotrans is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Sinotrans'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.
Sinotrans has a total score of 2/6, 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.

SIY Past Performance

  How has Sinotrans 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 Sinotrans's growth in the last year to its industry (Logistics).
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.
  • Sinotrans's year on year earnings growth rate has been positive over the past 5 years.
  • Sinotrans's 1-year earnings growth is less than its 5-year average (16.4% vs 17.9%)
  • Sinotrans's earnings growth has exceeded the Europe Logistics industry average in the past year (16.4% vs 9.6%).
Earnings and Revenue History
Sinotrans'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 Sinotrans Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:SIY Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 77,423.39 2,883.42 3,639.76 47.29
2019-06-30 78,538.31 2,926.07 3,732.99 28.36
2019-03-31 77,833.79 2,805.97 3,824.45 26.06
2018-12-31 77,311.84 2,704.11 3,893.74 23.93
2018-09-30 74,821.11 2,477.22 4,247.13 0.65
2018-06-30 74,650.30 2,373.95 4,866.29 3.23
2018-03-31 73,136.08 2,171.12 4,102.90 1.29
2017-12-31 73,157.51 2,304.19 3,431.10 1.29
2017-09-30 73,244.07 2,408.29 2,036.52 0.65
2017-06-30 73,330.62 2,512.39 641.94
2017-03-31 66,741.22 2,383.06 607.05
2016-12-31 60,151.81 2,253.73 572.16
2016-09-30 52,396.74 1,919.33 521.10
2016-06-30 44,641.66 1,584.93 470.04
2016-03-31 45,257.44 1,539.10 468.67
2015-12-31 45,873.22 1,493.26 467.29
2015-09-30 45,745.24 1,293.86 -630.62
2015-06-30 47,404.48 1,365.00 486.97
2015-03-31 47,228.17 1,335.06 156.29
2014-12-31 45,855.93 1,150.40 492.88
2014-09-30 43,258.61 1,267.94 596.62
2014-06-30 43,152.32 1,119.35 517.78
2014-03-31 46,293.68 949.22 546.01
2013-12-31 45,557.06 938.18 541.22
2013-09-30 48,553.40 708.37 661.37
2013-06-30 48,261.58 738.82 568.84
2013-03-31 49,475.60 687.71 607.88
2012-12-31 47,619.26 649.05 573.78

*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.
  • Sinotrans has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Sinotrans used its assets less efficiently than the Europe Logistics industry average last year based on Return on Assets.
  • Sinotrans's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Sinotrans'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 Logistics 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.
Sinotrans has a total score of 2/6, 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.

SIY Health

 How is Sinotrans'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 Sinotrans's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sinotrans is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Sinotrans's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Sinotrans'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 2.3x 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 Sinotrans Company Filings, last reported 1 month ago.

DB:SIY Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 29,168.05 12,675.52 10,157.01
2019-06-30 28,319.91 13,582.48 11,617.92
2019-03-31 28,589.22 14,083.78 13,443.67
2018-12-31 27,853.44 15,729.06 15,928.57
2018-09-30
2018-06-30 26,155.14 16,002.36 13,166.12
2018-03-31 25,835.06 14,105.62 14,534.23
2017-12-31 25,835.06 14,105.62 14,534.23
2017-09-30 25,835.06 14,105.62 14,534.23
2017-06-30 20,337.21 6,202.06 7,791.38
2017-03-31 20,337.21 6,202.06 7,791.38
2016-12-31 23,227.94 11,111.55 12,266.94
2016-09-30 23,227.94 11,111.55 12,266.94
2016-06-30 18,926.98 6,987.72 7,476.88
2016-03-31 18,926.98 6,987.72 7,476.88
2015-12-31 18,459.80 5,672.12 8,066.37
2015-09-30 18,459.80 5,672.12 8,066.37
2015-06-30 18,899.61 6,145.32 7,464.16
2015-03-31 18,899.61 6,145.32 7,464.16
2014-12-31 16,305.12 5,954.00 6,403.71
2014-09-30 16,035.37 5,948.79 7,355.55
2014-06-30 14,013.41 6,916.12 6,851.32
2014-03-31 13,974.38 3,019.00 6,245.08
2013-12-31 14,051.95 7,022.84 6,394.25
2013-09-30 13,443.63 3,760.03 6,901.79
2013-06-30 12,901.72 6,743.88 6,323.44
2013-03-31 13,187.51 3,556.53 6,197.44
2012-12-31 12,727.71 6,636.69 6,253.90
  • Sinotrans's level of debt (41.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (37.1% vs 41.9% today).
  • Debt is not well covered by operating cash flow (16.3%, less than 20% of total debt).
  • Sinotrans earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Sinotrans'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. Sinotrans has a total score of 3/6, 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.

SIY Dividends

 What is Sinotrans'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
5.95%
Current annual income from Sinotrans dividends. Estimated to be 4.81% next year.
If you bought €2,000 of Sinotrans shares you are expected to receive €119 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?
  • Sinotrans's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.35%).
  • Sinotrans's dividend is above the markets top 25% of dividend payers in Germany (3.7%).
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:SIY 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 8 Analyst Estimates (S&P Global) See Below
Europe Logistics Industry Average Dividend Yield Market Cap Weighted Average of 19 Stocks 2.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 335 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.3%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

DB:SIY Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.11 6.00
2020-12-31 0.11 8.00
2019-12-31 0.09 5.00
2019-11-20
DB:SIY Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-04-12 0.130 5.450
2018-08-21 0.000 0.000
2018-04-12 0.120 3.487
2018-03-26 0.120 3.378
2017-03-27 0.110 3.257
2016-03-31 0.100 3.243
2015-03-24 0.130 3.719
2014-09-04 0.040 0.912
2014-08-20 0.040 0.961
2014-03-25 0.050 1.388
2013-03-19 0.030 1.907
2012-08-27 0.000 0.000
2012-08-20 0.000 0.000
2012-03-29 0.020 1.996
2011-08-18 0.040 3.238
2011-03-23 0.040 2.665
2010-08-24 0.040 2.166
2010-03-29 0.020 1.236
2009-08-31 0.000 0.000
2009-04-02 0.040 2.584
2009-03-25 0.040 3.708

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 increased over the past 10 years.
Current Payout to shareholders
What portion of Sinotrans's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.5x coverage).
X
Income/ dividend checks
We assess Sinotrans'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 Sinotrans afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sinotrans has a total score of 5/6, see the detailed checks below.


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

SIY Management

 What is the CEO of Sinotrans'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
Rong Song
COMPENSATION CN¥2,091,774
AGE 47
TENURE AS CEO 0.6 years
CEO Bio

Mr. Song Rong has been the Chairman of China Merchants Logistics Holding Co., Ltd., since 2018 and served as its General Manager until 2018. Mr. Song serves as President at Sinotrans Limited since April 22, 2019 and its Executive Director since June 1, 2018. Mr. Song served as Vice President at Sinotrans Limited since December 28, 2015 until April 22, 2019. Mr. Song joined China National Foreign Trade Transportation (Group) Corporation in 1995 and worked in liner shipping department. Since 2000, Mr. Song was the Manager of Siontrans Canada Company. In 2000, Mr. Song was appointed as the Manager of Sinotrans Canada Company. In August 2006, Mr. Song served as Deputy General Manager of Sinotrans Container Lines Co., Ltd. In January 2008, Mr. Song served as General Manager of operation department of the Company. In June 2012, Mr. Song was appointed as the General Manager of Sinotrans Shandong Co., Ltd. In May 2018, Mr. Song was appointed as Deputy Secretary of Committee Party Committee of the Company. In September 2017, he was appointed as the General Manager of China Merchants Logistics Group Co., Ltd. Mr. Song holds a Bachelor of Economics of University of International Business and Economics; MBA of Olin School of Business of Washington University.

CEO Compensation
  • Insufficient data for Rong to compare compensation growth.
  • Rong's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Sinotrans management team in years:

2.9
Average Tenure
52
Average Age
  • The tenure for the Sinotrans management team is about average.
Management Team

Rong Song

TITLE
President & Director
COMPENSATION
CN¥2M
AGE
47
TENURE
0.6 yrs

Dexing Song

TITLE
Vice Chairman
AGE
56

Jiuyun Wang

TITLE
Chief Financial Officer
AGE
53
TENURE
2.9 yrs

Xiang Gao

TITLE
Chief Information Officer
AGE
47
TENURE
3.2 yrs

Shichu Li

TITLE
Joint Company Secretary
AGE
49
TENURE
2.9 yrs

Chen Xianmin

TITLE
Vice President

Shirley Hui

TITLE
Joint Company Secretary
AGE
51
TENURE
2.9 yrs

Lei Tian

TITLE
VP & Deputy GM
AGE
54
TENURE
1.5 yrs

Hairong Chen

TITLE
Vice President
AGE
56
TENURE
1.5 yrs
Board of Directors Tenure

Average tenure and age of the Sinotrans board of directors in years:

1.4
Average Tenure
55
Average Age
  • The average tenure for the Sinotrans board of directors is less than 3 years, this suggests a new board.
Board of Directors

Guanpeng Li

TITLE
Executive Chairman
COMPENSATION
CN¥2M
AGE
53
TENURE
0.8 yrs

Rong Song

TITLE
President & Director
COMPENSATION
CN¥2M
AGE
47
TENURE
1.4 yrs

Dexing Song

TITLE
Vice Chairman
AGE
56
TENURE
1.4 yrs

Taiwen Wang

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥166K
AGE
73
TENURE
1.9 yrs

Yan Meng

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥93K
AGE
64
TENURE
1.4 yrs

Qian Li

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥93K
AGE
51
TENURE
1.4 yrs

Yingjie Liu

TITLE
Chairman of Supervisory Board
TENURE
0.4 yrs

Jerry Hsu

TITLE
Non-Executive Director
AGE
68
TENURE
16.4 yrs

Jiang Jian

TITLE
Non-Executive Director
AGE
55
TENURE
0.4 yrs

Haiqing Song

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥93K
AGE
41
TENURE
1.4 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 (€)
02. Nov 19 Sell BlackRock, Inc. Company 30. Oct 19 30. Oct 19 -3,922,000 €0.27 €-1,071,404
01. Nov 19 Buy FMR LLC Company 29. Oct 19 29. Oct 19 3,317,000 €0.27 €906,107
04. Oct 19 Buy FIL Limited Company 30. Sep 19 30. Sep 19 3,746,000 €0.29 €1,075,463
16. Aug 19 Sell JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 13. Aug 19 13. Aug 19 -7,512,762 €0.28 €-2,113,271
31. Jul 19 Buy JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 26. Jul 19 26. Jul 19 15,083,196 €0.32 €4,838,067
30. Jul 19 Sell JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 25. Jul 19 25. Jul 19 -13,944,961 €0.32 €-4,506,164
19. Jul 19 Buy JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 16. Jul 19 16. Jul 19 15,413,000 €0.32 €4,999,657
16. Jul 19 Sell JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 11. Jul 19 11. Jul 19 -16,412,800 €0.32 €-5,271,077
01. Jul 19 Buy JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 26. Jun 19 26. Jun 19 14,198,000 €0.31 €4,460,941
06. Jun 19 Buy JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 03. Jun 19 03. Jun 19 1,916,635 €0.34 €646,467
11. Jun 19 Buy FIL Limited Company 05. Jun 19 05. Jun 19 3,066,000 €0.32 €989,095
10. Jun 19 Sell JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 05. Jun 19 05. Jun 19 -2,195,000 €0.32 €-707,137
10. Jun 19 Sell LSV Asset Management Company 05. Jun 19 05. Jun 19 -3,012,000 €0.32 €-970,477
20. Mar 19 Buy JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 15. Mar 19 15. Mar 19 10,991 €0.42 €4,596
27. Feb 19 Sell JPMorgan Chase & Co, Brokerage and Securities Investments Company 22. Feb 19 22. Feb 19 -159,000 €0.42 €-66,112
27. Feb 19 Buy JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 22. Feb 19 22. Feb 19 719,000 €0.42 €298,959
26. Dec 18 Buy JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 21. Dec 18 21. Dec 18 3,296,988 €0.36 €1,203,330
X
Management checks
We assess Sinotrans'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. Sinotrans 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.

SIY News

Simply Wall St News

SIY Company Info

Description

Sinotrans Limited provides integrated logistics services primarily in the People’s Republic of China. The company operates through Freight Forwarding, Logistics, Storage and Terminal Services, and Other Services segments. It offers ocean freight services, such as containerized and non-containerized load ocean freight, multimodal transportation, and customs clearance services; air freight services, including air charter and cross-border e-commerce logistics services; and shipping agency services comprising ship, cargo and passenger, supply, and other services. The company also operates terminals that offer berthing, stevedoring, stacking, delivery, and other value-added terminal services; and container yards and container freight stations that provide services, such as loaded or empty container stevedoring, transfer and storage, devanning, tally, bonded warehousing, consolidation, delivery and distribution, etc. In addition, it provides road transport solutions and door-to-door road freight services; rail transport for bulk and general cargo, and containerized goods; and international rail transport and rail transshipment of sea cargo, as well as multimodal transport solutions. Further, the company offers door-to-door express services for parcel and document to various destinations in approximately 200 countries; supply chain management and security services; and integrated information services, including order processing, operation management, financial settlement, and electronic payment. Additionally, it provides hoisting and transporting, lifting, and container and logistics equipment leasing services. Sinotrans Limited was founded in 1950 and is headquartered in Beijing, the People’s Republic of China.

Details
Name: Sinotrans Limited
SIY
Exchange: DB
Founded: 1950
HK$3,363,259,943
7,400,803,875
Website: http://www.sinotrans.com
Address: Sinotrans Limited
Building 10/Sinotrans Tower B,
10th Floor,
Beijing,
100029,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 598 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong Ltd. HK HKD 13. Feb 2003
OTCPK SNOT.F Foreign Shares-Foreign Listed Pink Sheets LLC US USD 13. Feb 2003
DB SIY Foreign Shares-Foreign Listed Deutsche Boerse AG DE EUR 13. Feb 2003
SHSC 598 Foreign Shares-Foreign Listed Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 13. Feb 2003
SZSC 598 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 13. Feb 2003
SHSE 601598 Domestic Shares Shanghai Stock Exchange CN CNY 18. Jan 2019
XSSC 601598 Domestic Shares Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect CN CNY 18. Jan 2019
Number of employees
Current staff
Staff numbers
34,097
Sinotrans employees.
Industry
Air Freight and Logistics
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/20 20:45
End of day share price update: 2019/11/20 00:00
Last estimates confirmation: 2019/11/08
Last earnings filing: 2019/10/29
Last earnings reported: 2019/09/30
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.