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Xiamen-based port terminal operator and logistics services provider.
Xiamen-based port terminal operator and logistics services provider.
Moat: narrow (scale, regulatory licence). Regional port monopoly serving Xiamen's trade hub.
Headquarters: Xiamen, China · Employees: 4,631
Size Xiamen Port Development (000905.SZ) is a China Industrials company (Other Transportation) with a market value of $2.87B, the 898th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥8.17 on 6 Nov 2026.
Performance Over six months the shares fell 25.1%, against -4.4% for the median peer and -16.4% for the China market (cap-weighted) — lowest of 21 in its peer set.
Growth Revenue grew 13.8% over the last twelve months (peer median +4.7%); the operating margin is 3.8% (peer median 11.5%).
Valuation It trades at 1.3× enterprise value to sales against a peer median of 2.8× (4th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 4% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is -3 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.3 points below its cost of capital (5.2% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥23.6B | CN¥22.1B | CN¥22.1B | CN¥22.9B | CN¥22.0B |
| Revenue growth | — | 0% | -3% | +4% | — |
| Gross profit | CN¥2.05B | CN¥666M | CN¥591M | CN¥612M | CN¥747M |
| EBITDA | n/a | CN¥693M | CN¥564M | CN¥633M | CN¥759M |
| Net income | CN¥514M | CN¥206M | CN¥200M | CN¥232M | CN¥246M |
| Free cash flow | CN¥1.62B | CN¥264M | CN¥1.13B | -CN¥318M | -CN¥227M |
| Capital expenditure | CN¥1.47B | CN¥350M | CN¥304M | CN¥579M | CN¥460M |
| Total debt | CN¥8.43B | CN¥3.86B | CN¥4.21B | CN¥4.27B | CN¥3.50B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Xiamen Port Development 000905.SZ | $2.87B | -25% | +14% | 4% | 1.3× | 4.2% |
| Xiamen Xiangyu 600057.SS | $2.59B | -14% | +9% | 1% | 0.2× | n/a |
| Guangzhou Port 601228.SS | $3.54B | -3% | -18% | 11% | 3.4× | n/a |
| Ningbo Zhoushan Port 601018.SS | $10.4B | -4% | +12% | 16% | 2.8× | -7.3% |
| Shenzhen Yan Tian Port 000088.SZ | $2.97B | +2% | +19% | 12% | 23.9× | 21.8% |
| Shanghai International Port (Group) 600018.SS | $19.7B | +14% | +9% | 23% | 3.9× | -3.6% |
| China Merchants Port 0144.HK | $8.93B | +5% | +14% | 38% | 7.3× | 4.1% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 000905.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -11.5% | +0.8% | lowest of 21 |
| 6-month return | -25.1% | -4.4% | lowest of 21 |
| Distance from 52-week high | -51.9% | -18.1% | lowest of 21 |
| Revenue growth (TTM) | +13.8% | +4.7% | 2nd highest of 21 |
| Operating margin | 3.8% | 11.5% | 4th lowest of 21 |
| EV / Sales | 1.3× | 2.8× | 4th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 4.2% | -2.8% | 5th most demanding of 15 |
| Growth delivered (Del g) | +7.1% | +9.1% | 6th lowest of 15 |
| Hurdle (Req g minus delivered) | -2.9 pp | -9.7 pp | 4th most demanding of 15 |
| ROIC minus cost of capital | -0.3 pp | -0.0 pp | 11th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Xiamen Port Development 000905.SZ | China | $2.87B | -25% | +14% | 4% | 1.3× | 4.2% | +7.1% |
| Sichuan Expressway 601107.SS | China | $2.89B | +16% | +7% | 27% | 6.5× | n/a | n/a |
| Shenzhen Expressway 0548.HK | Hong Kong | $2.91B | -12% | 0% | 17% | 6.0× | 0.0% | +2.2% |
| Qinhuangdao Port 3369.HK | Hong Kong | $2.77B | +5% | +7% | 23% | 3.0× | -13.2% | +2.0% |
| Sankyu 9065.T | Japan | $2.76B | -9% | 0% | 7% | 0.8× | -1.1% | +3.4% |
| Kamigumi 9364.T | Japan | $2.71B | -12% | +5% | 12% | 1.4× | -3.2% | +1.9% |
| Beibu Gulf Port 000582.SZ | China | $3.14B | -25% | -1% | 21% | 4.2× | n/a | n/a |
| Guangzhou Baiyun International Airport 600004.SS | China | $3.18B | -6% | +9% | 11% | 1.7× | -12.5% | +8.8% |
| Xiamen Xiangyu 600057.SS | China | $2.59B | -14% | +9% | 1% | 0.2× | n/a | n/a |
| ENAV ENAV.MI | Italy | $3.19B | +8% | +3% | 9% | 3.0× | 13.8% | +6.0% |
| SIA Engineering S59.SI | Singapore | $2.51B | -10% | -3% | 3% | 2.1× | 19.3% | +26.3% |
| COSCO SHIPPING Ports 1199.HK | Hong Kong | $3.32B | +18% | +12% | 14% | 3.8× | 8.7% | +10.9% |
| Japan Airport Terminal 9706.T | Japan | $3.46B | +16% | +8% | 17% | 2.3× | -2.3% | +40.7% |
| Nagoya Railroad 9048.T | Japan | $2.38B | +8% | -2% | 5% | 1.6× | n/a | n/a |
| Guangzhou Port 601228.SS | China | $3.54B | -3% | -18% | 11% | 3.4× | n/a | n/a |
| Comfortdelgro C52.SI | Singapore | $2.19B | -10% | +9% | 9% | 0.8× | -8.2% | +9.3% |
| Atlas Arteria ALX.AX | Australia | $3.78B | -21% | +2% | -20% | 43.6× | -3.5% | +8.9% |
| Wilh. Wilhelmsen WWI.OL | Norway | $3.87B | +23% | -4% | 10% | 2.8× | 6.2% | +11.0% |
| Shenzhen Airport 000089.SZ | China | $2.08B | -5% | +5% | 17% | 3.5× | -6.4% | +11.4% |
| Corporacion America Airports CAAP | United States | $4.00B | -3% | +16% | 23% | 2.0× | -6.3% | +26.4% |
| NANKAI 9044.T | Japan | $2.03B | 0% | +7% | 15% | 2.8× | n/a | n/a |