XHKG3877
Market cap1.40bUSD
Dec 23, Last price
1.77HKD
1D
-0.56%
1Q
12.03%
IPO
60.91%
Name
CSSC Hong Kong Shipping Co Ltd
Chart & Performance
P/E
5.74
P/S
3.01
EPS
0.31
Div Yield, %
5.82%
Shrs. gr., 5y
0.01%
Rev. gr., 5y
11.49%
Revenues
3.63b
+7.86%
Net income
1.90b
+12.86%
CFO
-452m
L
Dividend
Oct 18, 20240.03 HKD/sh
Earnings
Mar 24, 2025
Profile
CSSC (Hong Kong) Shipping Company Limited operates as a shipyard-affiliated leasing company in People Republic of China, Asia, the United States, and Europe. It operates through Leasing Services, Shipbroking Services, and Loan Borrowings segments. The company provides leasing services, such as finance and operating lease. It also offers shipbroking services; and loan services comprising pre-delivery loans, secured loans, and factoring services. As of December 31, 2021, the company had 158 vessels, including 130 vessels under lease and 28 vessels were under construction. The company was incorporated in 2012 and is headquartered in Central, Hong Kong.
Valuation
Title HKD in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY | FY |
|---|---|---|---|---|---|---|---|---|---|
| 2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | 2017‑12 | 2016‑12 | 2015‑12 | |
| Income | |||||||||
Revenues | 3,626,148 7.86% | 3,361,893 33.48% | 2,518,696 27.46% | ||||||
Cost of revenue | 310,838 | 779,581 | 572,218 | ||||||
Unusual Expense (Income) | |||||||||
NOPBT | 3,315,310 | 2,582,312 | 1,946,478 | ||||||
NOPBT Margin | 91.43% | 76.81% | 77.28% | ||||||
Operating Taxes | 32,154 | 21,131 | 13,752 | ||||||
Tax Rate | 0.97% | 0.82% | 0.71% | ||||||
NOPAT | 3,283,156 | 2,561,181 | 1,932,726 | ||||||
Net income | 1,901,606 12.86% | 1,684,909 24.66% | 1,351,626 21.93% | ||||||
Dividends | (635,026) | (552,246) | (552,246) | ||||||
Dividend yield | |||||||||
Proceeds from repurchase of equity | 1,072 | ||||||||
BB yield | |||||||||
| Debt | |||||||||
Debt current | 8,438,527 | 11,626,762 | |||||||
Long-term debt | 31,381,339 | 19,379,699 | 18,210,283 | ||||||
Deferred revenue | |||||||||
Other long-term liabilities | 98,291 | 902,596 | 429,604 | ||||||
Net debt | 28,580,475 | 23,989,766 | 26,293,133 | ||||||
| Cash flow | |||||||||
Cash from operating activities | (452,170) | 3,853,086 | (5,005,271) | ||||||
CAPEX | (2,626,111) | (1,990,819) | (5,362,166) | ||||||
Cash from investing activities | (2,533,091) | (1,475,638) | (4,491,009) | ||||||
Cash from financing activities | 2,726,938 | (2,611,397) | 8,731,082 | ||||||
FCF | (14,240,176) | 3,993,315 | (6,416,545) | ||||||
| Balance | |||||||||
Cash | 1,142,064 | 1,389,193 | 1,616,279 | ||||||
Long term investments | 1,658,800 | 2,439,267 | 1,927,633 | ||||||
Excess cash | 2,619,557 | 3,660,365 | 3,417,977 | ||||||
Stockholders' equity | 12,829,911 | 11,642,326 | 10,104,466 | ||||||
Invested Capital | 41,666,028 | 45,224,609 | 49,044,341 | ||||||
ROIC | 7.56% | 5.43% | 4.63% | ||||||
ROCE | 7.49% | 5.28% | 3.71% | ||||||
| EV | |||||||||
Common stock shares outstanding | 6,137,836 | 6,136,066 | 6,136,066 | ||||||
Price | |||||||||
Market cap | |||||||||
EV | |||||||||
EBITDA | 3,808,247 | 3,059,036 | 2,315,708 | ||||||
EV/EBITDA | |||||||||
Interest | 1,101,767 | 845,796 | 521,352 | ||||||
Interest/NOPBT | 33.23% | 32.75% | 26.78% | ||||||