Financials Shanghai Zhonggu Logistics Co., Ltd.

Equities

603565

CNE1000042M7

Marine Freight & Logistics

End-of-day quote Shanghai S.E. Other stock markets 03:30:00 30/04/2024 am IST			5-day change	1st Jan Change
8.65 ^CNY	-10.08%		-9.33%	+5.10%

29/04	Shanghai Zhonggu Logistics Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
27/03	Zhonggu Logistics' Profit, Operating Income Drop in 2023	MT

Valuation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	15,207	27,219	20,632	17,284	19,153	-	-
Enterprise Value (EV) ¹	15,207	27,219	20,632	17,284	19,153	19,153	19,153
P/E ratio	13.8 x	10.5 x	7.53 x	10 x	11.4 x	10.7 x	9.89 x
Yield	3.95%	5.28%	1.51%	8.75%	6.36%	6.82%	-
Capitalization / Revenue	1.46 x	2.21 x	1.45 x	1.39 x	1.39 x	1.22 x	1.07 x
EV / Revenue	1.46 x	2.21 x	1.45 x	1.39 x	1.39 x	1.22 x	1.07 x
EV / EBITDA	8.86 x	7.77 x	5.14 x	5.79 x	6.23 x	5.68 x	5.86 x
EV / FCF	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-
Price to Book	2.94 x	2.81 x	2.22 x	1.61 x	1.68 x	1.54 x	1.36 x
Nbr of stocks (in thousands)	18,98,347	21,00,063	21,00,063	21,00,063	21,00,063	-	-
Reference price ²	8.010	12.96	9.824	8.230	8.650	8.650	8.650
Announcement Date	12/04/21	08/03/22	10/04/23	26/03/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	9,900	10,419	12,291	14,209	12,439	13,733	15,695	17,866
EBITDA ¹	-	1,717	3,501	4,012	2,983	3,072	3,374	3,268
EBIT ¹	-	1,368	3,218	3,670	2,282	2,126	2,270	2,446
Operating Margin	-	13.13%	26.18%	25.83%	18.35%	15.48%	14.46%	13.69%
Earnings before Tax (EBT) ¹	-	1,367	3,216	3,669	2,282	2,125	2,269	2,444
Net income ¹	-	1,019	2,404	2,741	1,717	1,593	1,701	1,835
Net margin	-	9.78%	19.56%	19.29%	13.81%	11.6%	10.84%	10.27%
EPS ²	0.5022	0.5794	1.233	1.304	0.8200	0.7600	0.8100	0.8750
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	-	0.3161	0.6848	0.1486	0.7200	0.5500	0.5900	-
Announcement Date	17/08/20	12/04/21	08/03/22	10/04/23	26/03/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2022 Q1
Net sales	-
EBITDA	-
EBIT	-
Operating Margin	-
Earnings before Tax (EBT)	-
Net income ¹	623.9
Net margin	-
EPS ²	0.2968
Dividend per Share	-
Announcement Date	25/04/22

¹CNY in Million²CNY

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	-	27.9%	35.9%	28.4%	17.2%	14.8%	14.6%	13.8%
ROA (Net income/ Total Assets)	-	10.3%	16.6%	14.6%	7.86%	7.2%	7.9%	-
Assets ¹	-	9,936	14,444	18,726	21,835	22,120	21,536	-
Book Value Per Share ²	-	2.720	4.620	4.430	5.100	5.140	5.620	6.350
Cash Flow per Share ²	-	1.060	1.630	1.890	1.180	1.170	1.380	1.220
Capex ¹	-	788	812	2,305	2,684	1,345	1,085	856
Capex / Sales	-	7.56%	6.6%	16.22%	21.58%	9.79%	6.91%	4.79%
Announcement Date	17/08/20	12/04/21	08/03/22	10/04/23	26/03/24	-	-	-

¹CNY in Million²CNY

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Shanghai Zhonggu Logistics Co., Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

8.65 CNY

Average target price

11.6 CNY

Spread / Average Target

+34.10%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Other Marine Freight & Logistics

	1st Jan change	Capi.
SHANGHAI ZHONGGU LOGISTICS CO., LTD.	+5.10%	2.51B
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AP MOLLER MAERSK	-19.46%	21.56B
NIPPON YUSEN KABUSHIKI KAISHA	-1.97%	12.87B
MITSUI O.S.K. LINES LTD	+3.17%	11.04B
KAWASAKI KISEN KAISHA, LTD.	+6.24%	9.91B
ORIENT OVERSEAS (INTERNATIONAL) LIMITED	+6.61%	9.68B
CHINA MERCHANTS ENERGY SHIPPING CO., LTD.	+45.07%	9.6B
ADNOC LOGISTICS & SERVICES PLC	+3.39%	8B

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