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CSSC (Hong Kong) Shipping Company Limited
(3877)
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Rating:72Outperform
Price Target:
HK$2.50
â–²(1.63% Upside)
Action:Reiterated
Date:05/02/26
The score is driven primarily by strong profitability and a sharp 2025 growth rebound, supported by an improving uptrend in the stock and an attractive valuation (low P/E and high dividend yield). The main constraint is financial risk from elevated leverage and historically inconsistent cash-flow conversion, despite recent improvement.
Positive Factors
Sustained high profitability
Consistently high gross and net margins indicate durable operational efficiency and pricing power in core shipping activities. Strong margins provide a buffer through freight cycles, support dividend capacity and reinvestment, and make earnings more resilient over a 2-6 month horizon.
Negative Factors
Elevated leverage and rate sensitivity
High debt levels leave the company exposed to rising interest rates and refinancing cycles; material leverage limits financial flexibility, forces larger interest and amortization outlays, and can constrain growth or capital return policies during adverse shipping conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained high profitability
Consistently high gross and net margins indicate durable operational efficiency and pricing power in core shipping activities. Strong margins provide a buffer through freight cycles, support dividend capacity and reinvestment, and make earnings more resilient over a 2-6 month horizon.
Read all positive factors
CSSC (Hong Kong) Shipping Company Limited (3877) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$13.52B
Dividend Yield7.3%
Average Volume (3M)16.55M
Price to Earnings (P/E)7.3
Beta (1Y)0.40
Revenue Growth-9.08%
EPS Growth-12.97%
CountryHK
Employees77
SectorIndustrials
Sector Strength72
IndustryMarine Shipping
Share Statistics
EPS (TTM)0.30
Shares Outstanding6,202,319,000
10 Day Avg. Volume18,274,198
30 Day Avg. Volume16,548,779
Financial Highlights & Ratios
PEG Ratio-0.59
Price to Book (P/B)0.87
Price to Sales (P/S)3.19
P/FCF Ratio3.09
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$2.87Price Target Upside16.67% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.34
Revenue Forecast (FY)HK$4.12B
CSSC (Hong Kong) Shipping Company Limited Business Overview & Revenue Model
Company Description
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....
How the Company Makes Money
CSSC (Hong Kong) Shipping Company Limited makes money primarily by earning freight revenue from providing sea transportation services. Its core revenue stream typically comes from charging customers for moving cargo on specific routes under shippi...
CSSC (Hong Kong) Shipping Company Limited Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
56
Neutral
Cash Flow
48
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.08B | 2.89B | 3.63B | 3.36B | 2.52B |
| Gross Profit | 2.37B | 2.89B | 3.32B | 2.58B | 1.95B |
| EBITDA | 3.68B | 3.26B | 3.54B | 2.68B | 2.19B |
| Net Income | 1.85B | 2.11B | 1.90B | 1.68B | 1.35B |
Balance Sheet | |||||
| Total Assets | 43.19B | 43.92B | 45.14B | 40.52B | 40.88B |
| Cash, Cash Equivalents and Short-Term Investments | 3.80B | 3.59B | 1.14B | 1.39B | 1.99B |
| Total Debt | 26.78B | 27.94B | 31.36B | 27.82B | 29.84B |
| Total Liabilities | 28.06B | 29.62B | 32.31B | 28.88B | 30.78B |
| Stockholders Equity | 15.01B | 14.18B | 12.71B | 11.51B | 10.02B |
Cash Flow | |||||
| Free Cash Flow | 4.21B | 5.73B | -3.08B | 1.86B | -10.37B |
| Operating Cash Flow | 4.44B | 6.77B | -452.17M | 3.85B | -5.01B |
| Investing Cash Flow | 285.09M | -1.58B | -2.53B | -1.48B | -4.49B |
| Financing Cash Flow | -2.76B | -4.33B | 2.73B | -2.61B | 8.73B |
CSSC (Hong Kong) Shipping Company Limited Technical Analysis
Negative
2.46
Price Trends
2.39
Negative
2.37
Negative
2.17
Positive
Market Momentum
-0.04
Positive
31.29
Neutral
9.34
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3877, the sentiment is Negative. The current price of 2.46 is above the 20-day moving average (MA) of 2.36, above the 50-day MA of 2.39, and above the 200-day MA of 2.17, indicating a neutral trend. The MACD of -0.04 indicates Positive momentum. The RSI at 31.29 is Neutral, neither overbought nor oversold. The STOCH value of 9.34 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:3877.
CSSC (Hong Kong) Shipping Company Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | HK$13.52B | 7.27 | 12.49% | 7.30% | -9.08% | -12.97% | |
64 Neutral | HK$55.69B | 9.06 | 11.80% | 4.39% | -1.45% | -14.83% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
49 Neutral | HK$2.63B | 7.63 | 7.99% | 6.29% | -7.71% | 31.19% |
* Industrials Sector Average
HK:3877
CSSC (Hong Kong) Shipping Company Limited
2.18
0.29
15.34%
HK:2588
BOC Aviation
80.25
18.32
29.58%
HK:1848
China Aircraft Leasing Group Holdings
3.51
-0.20
-5.37%
CSSC (Hong Kong) Shipping Company Limited Corporate Events
CSSC (Hong Kong) Shipping Wins Strong Shareholder Backing at AGM
Jun 23, 2026
Shareholders of CSSC (Hong Kong) Shipping Company Limited have approved all resolutions at the company’s annual general meeting held on 23 June 2026, including the adoption of audited financial statements for the year ended 31 December 2025 ...
CSSC (Hong Kong) Shipping Sets 2025 Final Dividend With HKD/RMB Option
May 28, 2026
CSSC (Hong Kong) Shipping Company Limited has proposed a final ordinary dividend of HKD 0.05 per share for the financial year ended 31 December 2025, to be paid in Hong Kong dollars by default with an option for shareholders to elect payment in re...
CSSC (Hong Kong) Shipping Sets 2026 AGM to Approve 2025 Results, Dividend and Share Issue Mandate
May 28, 2026
CSSC (Hong Kong) Shipping Company Limited, a Hong Kong‑incorporated ship leasing and maritime financing provider listed under stock code 3877, has convened its annual general meeting for 23 June 2026 in Central, Hong Kong. The company operat...
CSSC (Hong Kong) Shipping Restructures Vessel Leases With US$264 Million Disposal and Financing Deal
Apr 15, 2026
CSSC (Hong Kong) Shipping Company Limited has agreed to sell certain vessels to existing charterers for a total consideration of US$264 million, restructuring previous bareboat charter arrangements. As part of the deal, the company’s special...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.