Financials Xingtong Shipping Co., Ltd.

Equities

603209

CNE1000059M1

Marine Freight & Logistics

End-of-day quote Shanghai S.E. Other stock markets 03:30:00 23/05/2024 am IST			5-day change	1st Jan Change
15.81 ^CNY	-0.13%		-1.98%	-2.95%

26/04	Xingtong Shipping Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
02/04	Tranche Update on Xingtong Shipping Co., Ltd.'s Equity Buyback Plan announced on October 9, 2023.	CI

Valuation

Fiscal Period: December	2022	2023	2024	2025	2026
Capitalization ¹	7,264	4,561	4,362	-	-
Enterprise Value (EV) ¹	7,264	4,561	4,362	4,362	4,362
P/E ratio	33 x	18.1 x	14.3 x	10.5 x	9.7 x
Yield	0.41%	0.92%	1.45%	1.8%	2.59%
Capitalization / Revenue	9.26 x	3.69 x	2.79 x	2.15 x	1.98 x
EV / Revenue	9.26 x	3.69 x	2.79 x	2.15 x	1.98 x
EV / EBITDA	20.7 x	9.65 x	6.65 x	4.98 x	-
EV / FCF	-11.2 x	-9.49 x	8.5 x	6.73 x	6.05 x
FCF Yield	-8.96%	-10.5%	11.8%	14.9%	16.5%
Price to Book	3.57 x	2.07 x	1.8 x	1.55 x	1.44 x
Nbr of stocks (in thousands)	2,80,000	2,80,000	2,75,928	-	-
Reference price ²	25.94	16.29	15.81	15.81	15.81
Announcement Date	24/04/23	05/02/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net sales ¹	-	784.8	1,237	1,566	2,031	2,204
EBITDA ¹	-	350.1	472.9	656	875.4	-
EBIT ¹	-	283.3	318.5	420	617.3	629
Operating Margin	-	36.1%	25.74%	26.83%	30.39%	28.54%
Earnings before Tax (EBT) ¹	-	276.3	332.2	427	620.6	629
Net income ¹	199.1	206.2	252.2	310	456.4	455
Net margin	-	26.28%	20.38%	19.8%	22.47%	20.64%
EPS ²	0.9500	0.7857	0.9000	1.105	1.510	1.630
Free Cash Flow ¹	-	-651	-480.9	513	648	721
FCF margin	-	-82.96%	-38.86%	32.77%	31.9%	32.71%
FCF Conversion (EBITDA)	-	-	-	78.2%	74.02%	-
FCF Conversion (Net income)	-	-	-	165.48%	141.99%	158.46%
Dividend per Share ²	-	0.1071	0.1500	0.2300	0.2850	0.4100
Announcement Date	13/02/22	24/04/23	05/02/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2023 Q1
Net sales	-
EBITDA	-
EBIT	-
Operating Margin	-
Earnings before Tax (EBT)	-
Net income ¹	77.01
Net margin	-
EPS	-
Dividend per Share	-
Announcement Date	24/04/23

¹CNY in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-
Free Cash Flow ¹	-	-651	-481	513	648	721
ROE (net income / shareholders' equity)	-	12.1%	11.8%	13%	15.5%	14.8%
ROA (Net income/ Total Assets)	-	9.82%	7.48%	7.8%	8.9%	-
Assets ¹	-	2,099	3,371	3,974	5,128	-
Book Value Per Share ²	-	7.260	7.880	8.770	10.20	11.00
Cash Flow per Share ²	-	0.8900	1.860	2.300	2.450	-
Capex ¹	-	900	1,002	543	422	-
Capex / Sales	-	114.74%	81%	34.68%	20.75%	-
Announcement Date	13/02/22	24/04/23	05/02/24	-	-	-

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 Xingtong Shipping Co., Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

15.81 CNY

Average target price

19.5 CNY

Spread / Average Target

+23.34%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Other Marine Freight & Logistics

	1st Jan change	Capi.
XINGTONG SHIPPING CO., LTD.	-2.95%	603M
HAPAG-LLOYD AG	+18.74%	30.59B
COSCO SHIPPING HOLDINGS CO., LTD.	+58.98%	29.78B
AP MOLLER MAERSK	-5.15%	25.43B
NIPPON YUSEN KABUSHIKI KAISHA	+11.74%	14.3B
MITSUI O.S.K. LINES LTD	+12.33%	11.68B
ORIENT OVERSEAS (INTERNATIONAL) LIMITED	+20.92%	11.12B
CHINA MERCHANTS ENERGY SHIPPING CO., LTD.	+54.76%	10.2B
KAWASAKI KISEN KAISHA, LTD.	+13.93%	9.94B
HMM CO.,LTD	-15.22%	8.47B

Other Marine Freight & Logistics