COSCO SHIPPING Ports (1199) AI Stock Analysis

• Market Cap: HK$25.15B
• Dividend Yield: 4.97%
• Average Volume (3M): 4.42M
• Price to Earnings (P/E): 8.5
• Beta (1Y): 0.61
• Revenue Growth: 7.26%
• EPS Growth: 6.73%
• Country: HK
• Employees: 3,314
• Sector: Industrials
• Sector Strength: 72
• Industry: Marine Shipping
• EPS (TTM): 0.16
• Shares Outstanding: 3,959,954,800
• 10 Day Avg. Volume: 5,482,464
• 30 Day Avg. Volume: 4,423,192
• PEG Ratio: -0.78
• Price to Book (P/B): 0.36
• Price to Sales (P/S): 1.43
• P/FCF Ratio: -81.13
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: HK$6.80
• Price Target Upside: 21.00% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): 0.09
• Revenue Forecast (FY): HK$1.71B

• Rating: 74 Outperform
• Price Target: HK$7.00 ▲(24.56% Upside)
• Action: Upgraded Date: 07/29/25
• Date: Action: Upgraded 07/29/25

The stock is supported by strong technical indicators and a reasonable valuation, with robust revenue growth and stable profit margins. However, challenges in cash flow stability and operational efficiency slightly temper the overall outlook.

Positive Factors

Diversified terminal network

A geographically diversified portfolio of directly operated and invested terminals reduces single‑market exposure and supports steady throughput. Recurring terminal fees and investment income from stakes in terminals provide resilient, contract‑linked revenue over the medium term.

Group affiliation supports volumes

Close ties to the COSCO SHIPPING group strengthen long‑term volume visibility and commercial relationships with major carriers. That structural support can sustain utilization and bargaining leverage, improving terminal throughput stability and contract renewal prospects.

Resilient revenue growth & stable margins

Consistent top‑line expansion and steady gross/net margins indicate the company can grow volumes while maintaining cost control. This underlying operating resilience supports predictable cash generation potential and long‑term service competitiveness across its terminal network.

Negative Factors

Weak free cash flow in 2024

The absence of free cash flow in 2024 and volatility in FCF growth constrain the company’s ability to self‑fund capex, acquisitions, dividend policy or debt reduction. Persistently weak cash conversion would raise financing needs and limit strategic flexibility over the medium term.

Declining EBIT margin

A falling EBIT margin suggests pressure on operational efficiency or adverse mix effects. If structural, margin erosion reduces operating leverage and returns on invested capital, making profitability more sensitive to volume swings and cost inflation over coming quarters.

Fluctuating return on equity

Variable ROE and a recent decline point to inconsistent capital efficiency and uneven profit generation from shareholder equity. Continued ROE volatility can hinder investor confidence and limit the company’s ability to sustainably fund dividends or attract new equity capital.

COSCO SHIPPING Ports Business Overview & Revenue Model

Company Description

COSCO SHIPPING Ports (1199) is a leading global port operator and subsidiary of COSCO SHIPPING Holdings, specializing in terminal operations and related services. The company operates a network of container terminals and offers comprehensive services including loading and unloading of cargo, storage, and logistics solutions. With a presence in major international shipping routes, COSCO SHIPPING Ports plays a critical role in facilitating global trade by enhancing port efficiency and connectivity.

How the Company Makes Money

COSCO SHIPPING Ports generates revenue primarily through terminal operations, which include charges for loading and unloading containers, storage fees, and ancillary services such as logistics and transportation. The company benefits from long-term contracts with shipping lines, ensuring a steady flow of income. Additionally, COSCO SHIPPING Ports often engages in joint ventures and partnerships with other port operators and logistics companies, which can enhance operational capabilities and expand revenue opportunities. The growing demand for container shipping and logistics services, driven by global trade dynamics, also contributes significantly to the company's earnings.

COSCO SHIPPING Ports Financial Statement Overview

Summary

COSCO SHIPPING Ports has demonstrated solid revenue growth and stable profit margins, though pressures on EBIT margin and return on equity highlight operational challenges. The balance sheet is balanced in terms of leverage, but cash flow stability is a concern, particularly with the absence of free cash flow in 2024.

Income Statement

The company has shown resilient revenue growth over the years, with a notable increase from 2020 to 2024. Gross profit margin and net profit margin are stable, reflecting efficient cost management. However, there is a decline in EBIT margin from 2022 to 2024, indicating potential pressures on operational efficiency.

Balance Sheet

The debt-to-equity ratio is moderate, suggesting a balanced approach to leverage. The equity ratio is stable, demonstrating decent financial health. However, the company's return on equity has seen some fluctuations, particularly a decline in 2024, which could indicate challenges in generating returns on shareholder investments.

Cash Flow

The company's free cash flow growth rate is volatile, and the operating cash flow to net income ratio is unavailable for 2024, which raises concerns about cash generation consistency. The lack of free cash flow in 2024 is also a potential risk factor.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.60B	1.50B	1.45B	1.44B	1.21B	1.00B
Gross Profit	437.26M	416.82M	420.86M	429.68M	325.14M	232.64M
EBITDA	456.68M	432.79M	846.23M	830.52M	832.51M	717.96M
Net Income	351.40M	308.82M	324.56M	306.63M	354.65M	347.47M
Balance Sheet
Total Assets	12.62B	12.02B	11.93B	11.31B	12.03B	11.22B
Cash, Cash Equivalents and Short-Term Investments	1.28B	1.01B	1.17B	1.07B	1.23B	1.31B
Total Debt	4.17B	3.97B	4.13B	3.81B	4.18B	3.99B
Total Liabilities	5.30B	4.98B	5.09B	4.69B	5.09B	4.85B
Stockholders Equity	6.19B	5.93B	5.77B	5.52B	5.82B	5.55B
Cash Flow
Free Cash Flow	0.00	-26.51M	135.98M	142.09M	33.17M	101.81M
Operating Cash Flow	0.00	408.58M	482.45M	467.64M	409.22M	326.24M
Investing Cash Flow	0.00	-224.87M	-212.50M	-76.31M	-396.80M	154.34M
Financing Cash Flow	0.00	-325.12M	-176.17M	-490.24M	-90.19M	-115.44M

COSCO SHIPPING Ports Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 5.62
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1199, the sentiment is Positive. The current price of 5.62 is below the 20-day moving average (MA) of 6.26, below the 50-day MA of 6.04, and above the 200-day MA of 5.61, indicating a bullish trend. The MACD of 0.05 indicates Positive momentum. The RSI at 57.51 is Neutral, neither overbought nor oversold. The STOCH value of 62.93 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1199.

COSCO SHIPPING Ports Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3369	75 Outperform	HK$21.70B	8.91	8.16%	3.47%	3.31%	2.16%
0144	75 Outperform	HK$71.45B	4.19	6.71%	5.72%	9.00%	-4.33%
1199	74 Outperform	HK$25.15B	8.54	5.76%	4.97%	7.26%	6.73%
2880	72 Outperform	HK$42.12B	14.71	3.65%	3.23%	-0.18%	24.50%
3382	71 Outperform	HK$4.24B	2.89	4.48%	6.69%	-0.49%	-8.15%
6198	70 Outperform	HK$63.57B	8.00	12.48%	5.34%	3.68%	7.86%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

COSCO SHIPPING Ports Corporate Events

COSCO SHIPPING Ports Announces Capital Contribution to US Joint Venture

COSCO SHIPPING Ports announced a capital contribution agreement with CSNAH to inject a total of US$20,570,000 into their joint venture, COSCO SHIPPING Terminals (USA) LLC, with CSPD contributing US$8,228,000 and CSNAH contributing US$12,342,000. This transaction, classified as a connected transaction under Hong Kong’s listing rules, aims to support the joint venture’s obligations related to the liquidation of SSA Terminals (Seattle), LLC, and highlights COSCO SHIPPING’s strategic financial maneuvers to maintain its industry positioning and fulfill its operational commitments.

The most recent analyst rating on (HK:1199) stock is a Hold with a HK$5.51 price target. To see the full list of analyst forecasts on COSCO SHIPPING Ports stock, see the HK:1199 Stock Forecast page.

COSCO SHIPPING Ports’ Resolution Approved at Special General Meeting

COSCO SHIPPING Ports Limited announced that the ordinary resolution proposed at its special general meeting on November 20, 2025, was approved by independent shareholders. This resolution involved the New Financial Services Master Agreement related to deposit transactions and associated matters, with 91.86% of votes in favor. The approval signifies a strategic move for COSCO SHIPPING Ports, potentially enhancing its financial operations and reinforcing its industry position.

The most recent analyst rating on (HK:1199) stock is a Hold with a HK$5.51 price target. To see the full list of analyst forecasts on COSCO SHIPPING Ports stock, see the HK:1199 Stock Forecast page.