CHU KONG SHIPPING ENTERPRISES (GROUP) COMPANY LIMITED

Financials Chu Kong Shipping Enterprises (Group) Company Limited

Equities

560

HK0560006634

Marine Freight & Logistics

Market Closed - Hong Kong S.E. Other stock markets 04:08:22 2024-05-10 EDT			5-day change	1st Jan Change
0.81 ^HKD	+2.53%		+2.53%	-1.22%

03-28	Chu Kong Shipping Enterprises Company Limited Announces Board Changes	CI
03-25	Chu Kong Shipping Enterprises Company Limited Proposes Final Dividend for the Year Ended 31 December 2023, Payable on 28 June 2024	CI

Valuation

Fiscal Period: December	2018	2019	2020	2021	2022	2023
Capitalization ¹	2,007	1,491	1,065	1,076	1,166	919.4
Enterprise Value (EV) ¹	1,059	535.3	455.9	631.5	605.1	325.4
P/E ratio	8.8 x	6.97 x	21.4 x	24.4 x	12.5 x	8.06 x
Yield	5.03%	4.51%	2.11%	2.08%	3.85%	6.1%
Capitalization / Revenue	0.83 x	0.69 x	0.57 x	0.47 x	0.4 x	0.36 x
EV / Revenue	0.44 x	0.25 x	0.25 x	0.28 x	0.21 x	0.13 x
EV / EBITDA	4.66 x	2.91 x	2.64 x	3.06 x	2.56 x	1.59 x
EV / FCF	5.62 x	17 x	-2.97 x	6.53 x	3.98 x	2.56 x
FCF Yield	17.8%	5.89%	-33.7%	15.3%	25.1%	39.1%
Price to Book	0.65 x	0.47 x	0.32 x	0.33 x	0.37 x	0.29 x
Nbr of stocks (in thousands)	1,121,167	1,121,167	1,121,167	1,121,167	1,121,167	1,121,167
Reference price ²	1.790	1.330	0.9500	0.9600	1.040	0.8200
Announcement Date	19-04-11	20-04-09	21-04-13	22-04-12	23-04-27	24-04-26

¹HKD in Million²HKD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2018	2019	2020	2021	2022	2023
Net sales ¹	2,404	2,148	1,855	2,268	2,900	2,554
EBITDA ¹	227.1	183.8	172.9	206.4	236.6	205.2
EBIT ¹	134.3	63.8	31.98	125.4	153.8	128
Operating Margin	5.58%	2.97%	1.72%	5.53%	5.3%	5.01%
Earnings before Tax (EBT) ¹	263.7	266.5	74.48	94.13	131.1	154.5
Net income ¹	226.1	214.1	49.82	44.07	93.49	114.1
Net margin	9.4%	9.97%	2.69%	1.94%	3.22%	4.47%
EPS ²	0.2035	0.1909	0.0444	0.0393	0.0834	0.1017
Free Cash Flow ¹	188.4	31.53	-153.5	96.67	152.1	127.3
FCF margin	7.83%	1.47%	-8.28%	4.26%	5.25%	4.98%
FCF Conversion (EBITDA)	82.95%	17.15%	-	46.84%	64.27%	62.03%
FCF Conversion (Net income)	83.32%	14.73%	-	219.34%	162.67%	111.59%
Dividend per Share ²	0.0900	0.0600	0.0200	0.0200	0.0400	0.0500
Announcement Date	19-04-11	20-04-09	21-04-13	22-04-12	23-04-27	24-04-26

¹HKD in Million²HKD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2018	2019	2020	2021	2022	2023
Net Debt ¹	-	-	-	-	-	-
Net Cash position ¹	948	956	609	445	561	594
Leverage (Debt/EBITDA)	-	-	-	-	-	-
Free Cash Flow ¹	188	31.5	-153	96.7	152	127
ROE (net income / shareholders' equity)	6.67%	6.81%	1.84%	1.85%	3.07%	3.51%
ROA (Net income/ Total Assets)	1.91%	0.92%	0.45%	1.69%	2.07%	1.76%
Assets ¹	11,848	23,368	11,153	2,607	4,507	6,500
Book Value Per Share ²	2.750	2.810	2.930	2.880	2.830	2.840
Cash Flow per Share ²	0.8100	0.7800	0.6500	0.9300	0.9500	0.9300
Capex ¹	172	152	255	185	110	46.7
Capex / Sales	7.16%	7.08%	13.72%	8.15%	3.78%	1.83%
Announcement Date	19-04-11	20-04-09	21-04-13	22-04-12	23-04-27	24-04-26

¹HKD in Million²HKD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sector Deep Sea Freight

	1st Jan change	Capi.
CHU KONG SHIPPING ENTERPRISES (GROUP) COMPANY LIMITED	-1.22%	116M
EVERGREEN MARINE CORPORATION (TAIWAN) LTD.	+34.84%	12.73B
WALLENIUS WILHELMSEN ASA	+37.98%	4.78B
COMPAÑÍA SUD AMERICANA DE VAPORES S.A.	+37.95%	4.16B
STAR BULK CARRIERS CORP.	+20.74%	2.91B
ZIM INTEGRATED SHIPPING SERVICES LTD.	+78.22%	2.12B
HÖEGH AUTOLINERS ASA	+27.37%	2.07B
SHANGHAI JINJIANG SHIPPING (GROUP) CO., LTD.	-12.49%	1.96B
COSCO SHIPPING SPECIALIZED CARRIERS CO.,LTD.	+22.76%	1.95B
WISDOM MARINE LINES CO., LIMITED (CAYMAN)	+40.38%	1.68B

Deep Sea Freight

Stock Market
Equities
560 Stock
Financials Chu Kong Shipping Enterprises (Group) Company Limited

-40% Limited Time Offer: Our subscriptions help you unlock hidden opportunities.

SIGN UP NOW