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Xiamen International Port

DB:XRG
Snowflake Description

Very undervalued second-rate dividend payer.

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

Xiamen International Port Co., Ltd operates port terminals primarily in Xiamen, the People’s Republic of China. The last earnings update was 4 days ago. More info.


Add to Portfolio Compare Print
  • Xiamen International Port has significant price volatility in the past 3 months.
XRG Share Price and Events
7 Day Returns
1.6%
DB:XRG
11.3%
DE Infrastructure
9.9%
DE Market
1 Year Returns
-44.7%
DB:XRG
-43.8%
DE Infrastructure
-17.5%
DE Market
XRG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Xiamen International Port (XRG) 1.6% -30.6% -46.1% -44.7% -65.7% -77.3%
DE Infrastructure 11.3% -34% -49.8% -43.8% -42.3% -21.2%
DE Market 9.9% -16.6% -24.8% -17.5% -24.5% -28.1%
1 Year Return vs Industry and Market
  • XRG matched the Infrastructure industry (-43.8%) over the past year.
  • XRG underperformed the Market in Germany which returned -17.5% over the past year.
Price Volatility
XRG
Industry
5yr Volatility vs Market

Value

 Is Xiamen International Port 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 Xiamen International Port 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 Xiamen International Port.

DB:XRG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12.3%
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:XRG
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%) (460.37%))
2.503
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (2 * 6.33%)
12.27%

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

The calculations below outline how an intrinsic value for Xiamen International Port 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:XRG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 12.27%)
2020 953.80 Est @ 64.28% 849.56
2021 1,381.89 Est @ 44.88% 1,096.34
2022 1,814.43 Est @ 31.3% 1,282.18
2023 2,209.86 Est @ 21.79% 1,390.94
2024 2,544.39 Est @ 15.14% 1,426.48
2025 2,811.04 Est @ 10.48% 1,403.74
2026 3,013.97 Est @ 7.22% 1,340.58
2027 3,162.75 Est @ 4.94% 1,253.01
2028 3,268.33 Est @ 3.34% 1,153.33
2029 3,340.88 Est @ 2.22% 1,050.08
Present value of next 10 years cash flows CN¥12,246.00
DB:XRG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥3,340.88 × (1 + -0.39%) ÷ (12.27% – -0.39%)
CN¥26,286.37
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥26,286.37 ÷ (1 + 12.27%)10
CN¥8,262.15
DB:XRG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥12,246.00 + CN¥8,262.15
CN¥20,508.15
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥20,508.15 / 2,726.20
CN¥7.52
DB:XRG Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:3378)
1.095
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥7.52 x 1.095
HK$8.23
Non-primary Listing Adjustment Factor 1 share in DB:XRG represents 0.09328x of SEHK:3378
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.09328x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 8.23 x 0.09328
€0.77
Value per share (EUR) From above. €0.77
Current discount Discount to share price of €0.06
= -1 x (€0.06 - €0.77) / €0.77
91.9%

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

Current Discount
Amount off the current price Xiamen International Port is available for.
Intrinsic value
>50%
Share price is €0.0625 vs Future cash flow value of €0.76806
Current Discount Checks
For Xiamen International Port to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Xiamen International Port's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Xiamen International Port'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 Xiamen International Port's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Xiamen International Port's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:XRG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CNY CN¥0.10
SEHK:3378 Share Price ** SEHK (2020-03-31) in HKD HK$0.67
SEHK:3378 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.914 CN¥0.61
Europe Infrastructure Industry PE Ratio Median Figure of 38 Publicly-Listed Infrastructure Companies 10.3x
Germany Market PE Ratio Median Figure of 399 Publicly-Listed Companies 16.31x

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

** Primary Listing of Xiamen International Port.

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

= SEHK:3378 Share Price ÷ EPS (both in CNY)

= 0.61 ÷ 0.10

5.97x

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

  • Xiamen International Port is good value based on earnings compared to the Europe Infrastructure industry average.
  • Xiamen International Port is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Xiamen International Port's expected growth come at a high price?
Raw Data
DB:XRG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.97x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
11.9%per year
Europe Infrastructure Industry PEG Ratio Median Figure of 18 Publicly-Listed Infrastructure Companies 1.17x
Germany Market PEG Ratio Median Figure of 255 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 5.97x ÷ 11.9%

0.5x

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

  • Xiamen International Port is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Xiamen International Port's assets?
Raw Data
DB:XRG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CNY CN¥2.07
SEHK:3378 Share Price * SEHK (2020-03-31) in HKD HK$0.67
SEHK:3378 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.914 CN¥0.61
Germany Infrastructure Industry PB Ratio Median Figure of 5 Publicly-Listed Infrastructure Companies 0.9x
Germany Market PB Ratio Median Figure of 571 Publicly-Listed Companies 1.43x
DB:XRG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:3378 Share Price ÷ Book Value per Share (both in CNY)

= 0.61 ÷ 2.07

0.3x

* Primary Listing of Xiamen International Port.

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

  • Xiamen International Port is good value based on assets compared to the DE Infrastructure industry average.
X
Value checks
We assess Xiamen International Port'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. Xiamen International Port has a total score of 6/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

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

Future Performance

 How is Xiamen International Port expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
11.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Xiamen International Port expected to grow at an attractive rate?
  • Xiamen International Port's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Xiamen International Port's earnings growth is positive but not above the Germany market average.
  • Xiamen International Port's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:XRG Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:XRG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 11.9%
DB:XRG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 0.5%
Europe Infrastructure Industry Earnings Growth Rate Market Cap Weighted Average 4.4%
Europe Infrastructure Industry Revenue Growth Rate Market Cap Weighted Average 2%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.4%
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:XRG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:XRG Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 14,062 931 355 1
2020-12-31 13,550 868 313 1
2020-03-31
DB:XRG Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-12-31 13,933 1,353 280
2019-09-30 13,800 979 276
2019-06-30 12,867 1,017 276
2019-03-31 12,892 964 260
2018-12-31 12,917 910 245
2018-09-30 12,976 1,102 264
2018-06-30 13,510 888 266
2018-03-31 13,216 777 338
2017-12-31 12,922 667 411
2017-09-30 11,779 613 423
2017-06-30 10,635 559 435
2017-03-31 9,559 681 377

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Xiamen International Port's earnings are expected to grow by 11.9% yearly, however this is not considered high growth (20% yearly).
  • Xiamen International Port's revenue is expected to grow by 0.5% 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:XRG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

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

DB:XRG Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.13 0.13 0.13 1.00
2020-12-31 0.12 0.12 0.12 1.00
2020-03-31
DB:XRG Past Financials Data
Date (Data in CNY Millions) EPS *
2019-12-31 0.10
2019-09-30 0.10
2019-06-30 0.10
2019-03-31 0.10
2018-12-31 0.09
2018-09-30
2018-06-30 0.10
2018-03-31 0.12
2017-12-31 0.15
2017-09-30 0.16
2017-06-30 0.16
2017-03-31 0.14

*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.
  • Xiamen International Port is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Xiamen International Port'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.
Xiamen International Port 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.

Past Performance

  How has Xiamen International Port 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 Xiamen International Port'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.
  • Xiamen International Port's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Xiamen International Port's 1-year earnings growth exceeds its 5-year average (14.3% vs -7%)
  • Xiamen International Port's earnings growth has exceeded the Europe Infrastructure industry average in the past year (14.3% vs 6.9%).
Earnings and Revenue History
Xiamen International Port'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 Xiamen International Port Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:XRG 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 13,933.11 279.68 447.42
2019-09-30 13,799.83 275.88 462.53
2019-06-30 12,866.62 276.11 455.56
2019-03-31 12,891.69 260.43 441.02
2018-12-31 12,916.76 244.75 426.48
2018-09-30 12,976.18 264.04 428.60
2018-06-30 13,509.89 265.71 407.30
2018-03-31 13,216.11 338.43 402.87
2017-12-31 12,922.32 411.16 398.45
2017-09-30 11,778.61 423.10 397.97
2017-06-30 10,634.90 435.05 397.49
2017-03-31 9,559.45 377.20 390.30
2016-12-31 8,484.00 319.34 383.10
2016-09-30 8,119.34 339.27 368.14
2016-06-30 7,754.69 359.19 353.19
2016-03-31 7,335.19 339.34 342.81
2015-12-31 6,915.69 319.50 332.43
2015-09-30 6,601.92 331.79 335.81
2015-06-30 6,288.15 344.09 339.20
2015-03-31 6,190.08 387.00 331.83
2014-12-31 6,092.00 429.91 324.46
2014-09-30 5,830.86 409.10 310.62
2014-06-30 5,569.72 388.29 296.77
2014-03-31 5,124.07 360.54 287.15
2013-12-31 4,678.42 332.79 277.52
2013-09-30 4,473.81 323.38 274.94
2013-06-30 4,269.19 313.97 272.35

*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.
  • Xiamen International Port has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Xiamen International Port used its assets less efficiently than the Europe Infrastructure industry average last year based on Return on Assets.
  • Xiamen International Port's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Xiamen International Port'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.
Xiamen International Port 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.

Health

 How is Xiamen International Port'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 Xiamen International Port's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Xiamen International Port's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Xiamen International Port's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Xiamen International Port'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 Xiamen International Port Company Filings, last reported 3 months ago.

DB:XRG Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 12,374.13 7,438.33 2,795.32
2019-09-30 12,289.83 5,391.87 2,193.60
2019-06-30 12,020.29 7,357.79 2,346.87
2019-03-31 12,020.29 7,357.79 2,346.87
2018-12-31 11,968.67 6,449.29 1,539.59
2018-09-30
2018-06-30 11,725.74 7,598.67 2,488.84
2018-03-31 11,725.74 7,598.67 2,488.84
2017-12-31 11,843.49 6,108.10 1,052.85
2017-09-30 11,843.49 6,108.10 1,052.85
2017-06-30 11,403.68 5,116.25 1,099.49
2017-03-31 11,403.68 5,116.25 1,099.49
2016-12-31 10,311.97 3,540.97 1,463.89
2016-09-30 10,311.97 3,540.97 1,463.89
2016-06-30 9,431.12 3,340.22 1,328.91
2016-03-31 9,431.12 3,340.22 1,328.91
2015-12-31 10,191.93 2,827.96 998.35
2015-09-30 10,191.93 2,827.96 998.35
2015-06-30 9,099.96 3,004.38 1,047.67
2015-03-31 9,099.96 3,004.38 1,047.67
2014-12-31 9,103.24 2,419.37 724.76
2014-09-30 9,103.24 2,419.37 724.76
2014-06-30 8,619.47 2,437.61 557.18
2014-03-31 8,619.47 2,437.61 557.18
2013-12-31 8,496.91 1,935.93 924.44
2013-09-30 8,496.91 1,935.93 924.44
2013-06-30 5,285.33 909.01 800.29
  • Xiamen International Port's level of debt (60.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (26.6% vs 60.1% today).
  • Debt is not well covered by operating cash flow (18.2%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.2x coverage).
X
Financial health checks
We assess Xiamen International Port'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. Xiamen International Port has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

Dividends

 What is Xiamen International Port's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.08%
Current annual income from Xiamen International Port dividends. Estimated to be 5% next year.
If you bought €2,000 of Xiamen International Port shares you are expected to receive €82 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?
  • Xiamen International Port's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.68%).
  • Xiamen International Port's dividend is below the markets top 25% of dividend payers in Germany (4.97%).
Upcoming dividend payment

Purchase Xiamen International Port before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:XRG Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Europe Infrastructure Industry Average Dividend Yield Market Cap Weighted Average of 31 Stocks 7.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.8%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
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:XRG Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.03 1.00
2020-12-31 0.03 1.00
2020-03-31
DB:XRG Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2020-03-27 0.025 4.122
2019-06-14 0.020 2.238
2018-03-29 0.035 3.494
2017-04-26 0.040 3.149
2016-06-15 0.040 3.009
2016-04-26 0.040 3.153
2016-03-24 0.040 2.935
2015-04-24 0.060 3.516
2015-03-27 0.060 2.154
2014-04-25 0.055 4.252
2014-03-28 0.055 6.276
2013-05-31 0.055 6.782
2012-06-08 0.030 4.038
2011-08-24 0.000 0.000
2011-06-07 0.180 15.920
2010-09-01 0.080 6.126
2010-08-20 0.080 6.357
2010-04-14 0.050 4.113
2009-04-17 0.055 4.205

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 Xiamen International Port's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4x coverage).
X
Income/ dividend checks
We assess Xiamen International Port's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 Xiamen International Port afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Xiamen International Port 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.

Management

 What is the CEO of Xiamen International Port'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
Zhaohui Chen
COMPENSATION CN¥976,000
AGE 50
TENURE AS CEO 3 years
CEO Bio

Mr. Zhaohui Chen has been General Manager of Xiamen International Port Co., Ltd since February 28, 2017 and as its Executive Director since December 1, 2015. Mr. Chen served as an Interim General Manager of Xiamen International Port Co., Ltd. since December 1, 2015. Mr. Chen served as Deputy General Manager of Xiamen International Port Co., Ltd. since March 27, 2012. Mr. Chen joined Xiamen Harbour Bureau in 1990 and was a technician and deputy leader of the gantry crane team of Dongdu operating area from July 1990 to August 1992. He was the leader of mechanical team, deputy general manager and general manager of Xiamen Port Shihushan Terminal Company from August 1992 to March 2006 and acted as the Duty Manager at the container terminal in Aqaba, Jordan and PIER 400 container terminal in Los Angeles, the United States respectively. He also acted as an executive director and the general manager of Xiamen Port Power Supply Service Co., Ltd from July 2003 to October 2006. He has been the deputy general manager and then the general manager of Xiamen Songyu Container Terminal Co., Ltd since March 2006. He attended the job training of Advanced Course of the Terminal Management (Magum) held by A.P. Moller Maersk Terminal from May 2004 to March 2006. Mr. Chen graduated in July 1990 from Wuhan Institute of Water Transport Engineering with a bachelor's degree in engineering. He graduated from the School of Management of Xiamen University in December 2000 and obtained a master's degree in business administration and is a Senior Engineer.

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

Average tenure and age of the Xiamen International Port management team in years:

3
Average Tenure
49.5
Average Age
  • The tenure for the Xiamen International Port management team is about average.
Management Team

Liqun Cai

TITLE
Chairman of the Board
COMPENSATION
CN¥1M
AGE
50

Zhaohui Chen

TITLE
GM & Executive Director
COMPENSATION
CN¥976K
AGE
50
TENURE
3 yrs

Zhen Chen

TITLE
CFO, Deputy General Manager & Executive Director
COMPENSATION
CN¥698K
AGE
45
TENURE
3 yrs

Xubo Xu

TITLE
Deputy General Manager
COMPENSATION
CN¥907K
AGE
49
TENURE
3 yrs

Changzhen Cai

TITLE
Company Secretary
COMPENSATION
CN¥617K
AGE
47
TENURE
3.8 yrs

Yanping Song

TITLE
Chief Accountant
AGE
51

Yibing Zhang

TITLE
Head of Finance Department
COMPENSATION
CN¥285K
AGE
49
TENURE
13.6 yrs

Fuguang Lin

TITLE
Executive Director
AGE
55
Board of Directors Tenure

Average tenure and age of the Xiamen International Port board of directors in years:

4.3
Average Tenure
53
Average Age
  • The tenure for the Xiamen International Port board of directors is about average.
Board of Directors

Zhaohui Chen

TITLE
GM & Executive Director
COMPENSATION
CN¥976K
AGE
50
TENURE
4.3 yrs

Zhen Chen

TITLE
CFO, Deputy General Manager & Executive Director
COMPENSATION
CN¥698K
AGE
45

Fuguang Lin

TITLE
Executive Director
AGE
55

Feng Liu

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥116K
AGE
53
TENURE
9 yrs

Liqun Cai

TITLE
Chairman of the Board
COMPENSATION
CN¥1M
AGE
50
TENURE
3 yrs

Pengjiu Lin

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥116K
AGE
53
TENURE
7.3 yrs

Xianghua You

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥116K
AGE
54
TENURE
4 yrs

Hongjia Du

TITLE
Chairman of the Supervisory Committee
AGE
47

Luping Miao

TITLE
Non-Executive Director
COMPENSATION
CN¥63K
AGE
55
TENURE
1.7 yrs

Zirong Huang

TITLE
Non-Executive Director
COMPENSATION
CN¥116K
AGE
56
TENURE
4.3 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 (€)
22. Nov 19 Buy Shia Ning Shipping Co.,Ltd Company 21. Nov 19 21. Nov 19 140,000 €0.13 €17,954
10. Oct 19 Buy Shia Ning Shipping Co.,Ltd Company 09. Oct 19 09. Oct 19 210,000 €0.12 €24,623
15. Jul 19 Buy Shia Ning Shipping Co.,Ltd Company 12. Jul 19 12. Jul 19 290,000 €0.12 €33,584
04. Jun 19 Buy Shia Ning Shipping Co.,Ltd Company 03. Jun 19 03. Jun 19 1,768,000 €0.12 €207,403
15. Apr 19 Buy Shia Ning Shipping Co.,Ltd Company 11. Apr 19 11. Apr 19 290,000 €0.13 €37,402
X
Management checks
We assess Xiamen International Port'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. Xiamen International Port 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.

News

Simply Wall St News

Company Info

Description

Xiamen International Port Co., Ltd operates port terminals primarily in Xiamen, the People’s Republic of China. It operates through Container Loading and Unloading and Storage Business; Bulk/General Cargo Loading and Unloading Business; Comprehensive Port Logistics Services; Manufacturing and Selling of Building Materials; and Trading Business of Merchandise segments. The company engages in the container, bulk, and general cargo loading, unloading, and storage businesses, as well as provides port comprehensive logistics services comprising port-related logistics, tugboat berthing and unberthing, shipping agency, and tallying services; manufactures, processes, and sells building materials; and trades in merchandise, including steel and chemical raw materials. It also offers container deposit, land transport, national and international freight agency services; operates and manages equipment at the transformer substation; repairs, maintains, cleans, and renovates containers; commodity export agency and sales services; and stacking and storage management, and container packing and unpacking services. In addition, the company is involved in the construction of roads; and long term investment business. It owns and operates 33 berths for containers and bulk/general cargo of international and domestic trade. The company was founded in 1998 and is based in Xiamen, the People’s Republic of China. Xiamen International Port Co., Ltd is a subsidiary of Xiamen Port Holding Group Co., Ltd.

Details
Name: Xiamen International Port Co., Ltd
XRG
Exchange: DB
Founded: 1998
HK$214,434,609
2,726,200,000
Website: http://www.xipc.com.cn
Address: Xiamen International Port Co., Ltd
No. 439 Gangnan Road,
Haicang District,
Xiamen,
Fujian Province, China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 3378 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong Ltd. HK HKD 19. Dec 2005
DB XRG Foreign Shares-Foreign Listed Deutsche Boerse AG DE EUR 19. Dec 2005
Number of employees
Current staff
Staff numbers
7,369
Xiamen International Port employees.
Industry
Marine Ports and Services
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/31 21:32
End of day share price update: 2020/03/31 00:00
Last estimates confirmation: 2020/03/27
Last earnings filing: 2020/03/27
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.