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Global port terminal operator managing container terminals worldwide, part of the COSCO Shipping group.
Global port terminal operator managing container terminals worldwide, part of the COSCO Shipping group.
Charges for each container handled and for storage at terminals it manages, but most are joint ventures or minority stakes, so much of its profit is a share of its partners' terminals' results. Parent COSCO Shipping's container lines are among its biggest customers, tying volumes to their routing decisions.
In one line: China's answer to a global port operator like DP World.
Moat: narrow (regulatory licence, installed base, scale). Global network of strategically located container terminals, including stakes in major overseas ports (e.g., Piraeus).
Headquarters: Hong Kong · Founded: 1994
Size COSCO SHIPPING Ports (1199.HK) is a Hong Kong Industrials company (Other Transportation) with a market value of $3.32B, the 324th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$6.49 on 6 Nov 2026.
Performance Over six months the shares gained 18.3%, against -3.0% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue grew 12.3% over the last twelve months (peer median +4.5%); the operating margin is 14.1% (peer median 11.5%).
Valuation It trades at 8.5× forward earnings against a peer median of 14.2× (3rd cheapest of 19).
Price implies For today's price to make sense, revenue must grow about 9% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is -2 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 4.9 points below its cost of capital (6.7% WACC).
Next results Next results expected around 31 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$14.3B | HK$13.0B | HK$11.7B | HK$11.4B | HK$11.3B |
| Revenue growth | — | +11% | +3% | +1% | — |
| Gross profit | HK$3.57B | HK$3.24B | HK$3.25B | HK$3.29B | HK$3.36B |
| EBITDA | n/a | HK$4.01B | HK$3.93B | HK$3.98B | HK$4.00B |
| Net income | HK$2.85B | HK$2.43B | HK$2.41B | HK$2.54B | HK$2.40B |
| Free cash flow | n/a | HK$4.40B | HK$837M | HK$1.91B | HK$2.30B |
| Capital expenditure | n/a | HK$1.32B | HK$3.32B | HK$2.65B | HK$2.51B |
| Total debt | HK$29.9B | HK$32.3B | HK$30.8B | HK$32.3B | HK$29.8B |
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 | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| COSCO SHIPPING Ports 1199.HK | $3.32B | +18% | +12% | 14% | 8.5× | 8.7% |
| Liaoning Port 2880.HK | $4.53B | -26% | +1% | 21% | n/a | -9.0% |
| China Merchants Port 0144.HK | $8.93B | +5% | +14% | 38% | 9.3× | 4.1% |
| Adani Ports & Special Economic Zone ADANIPORTS.NS | $47.2B | +12% | +23% | 44% | 29.4× | 34.5% |
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 | 1199.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +3.7% | 0.0% | 7th highest of 21 |
| 6-month return | +18.3% | -3.0% | 2nd highest of 21 |
| Distance from 52-week high | -1.4% | -18.3% | 2nd highest of 21 |
| Revenue growth (TTM) | +12.3% | +4.5% | 3rd highest of 21 |
| Operating margin | 14.1% | 11.5% | 10th highest of 21 |
| Forward P/E | 8.5× | 14.2× | 3rd cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | 8.7% | -2.3% | 2nd most demanding of 16 |
| Growth delivered (Del g) | +10.9% | +7.1% | 6th highest of 16 |
| Hurdle (Req g minus delivered) | -2.2 pp | -6.1 pp | 2nd most demanding of 16 |
| ROIC minus cost of capital | -4.9 pp | +0.6 pp | 2nd lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| COSCO SHIPPING Ports 1199.HK | Hong Kong | $3.32B | +18% | +12% | 14% | 8.5× | 8.7% | +10.9% |
| ENAV ENAV.MI | Italy | $3.19B | +8% | +3% | 9% | 26.9× | 13.8% | +6.0% |
| Japan Airport Terminal 9706.T | Japan | $3.46B | +16% | +8% | 17% | 19.2× | -2.3% | +40.7% |
| Guangzhou Baiyun International Airport 600004.SS | China | $3.18B | -6% | +9% | 11% | 25.2× | -12.5% | +8.8% |
| Beibu Gulf Port 000582.SZ | China | $3.14B | -25% | -1% | 21% | 18.6× | n/a | n/a |
| Guangzhou Port 601228.SS | China | $3.54B | -3% | -18% | 11% | n/a | n/a | n/a |
| Shenzhen Expressway 600548.SS | China | $2.99B | -4% | -5% | 17% | 14.4× | 0.6% | +2.9% |
| Atlas Arteria ALX.AX | Australia | $3.78B | -21% | +2% | -20% | 20.6× | -3.5% | +8.9% |
| Sichuan Expressway 601107.SS | China | $2.89B | +16% | +7% | 27% | 13.2× | n/a | n/a |
| Xiamen Port Development 000905.SZ | China | $2.87B | -25% | +14% | 4% | n/a | 4.2% | +7.1% |
| Wilh. Wilhelmsen WWI.OL | Norway | $3.87B | +23% | -4% | 10% | 8.4× | 6.2% | +11.0% |
| Qinhuangdao Port 3369.HK | Hong Kong | $2.77B | +5% | +7% | 23% | 6.7× | -13.2% | +2.0% |
| Sankyu 9065.T | Japan | $2.76B | -9% | 0% | 7% | 12.2× | -1.1% | +3.4% |
| Corporacion America Airports CAAP | United States | $4.00B | -3% | +16% | 23% | 9.6× | -6.3% | +26.4% |
| Kamigumi 9364.T | Japan | $2.71B | -12% | +5% | 12% | 15.5× | -3.2% | +1.9% |
| Anhui Expressway 0995.HK | Hong Kong | $4.18B | -3% | -17% | 45% | 10.5× | -5.8% | +16.6% |
| Kintetsu 9041.T | Japan | $4.23B | +5% | +2% | 5% | 13.5× | n/a | n/a |
| Xiamen Xiangyu 600057.SS | China | $2.59B | -14% | +9% | 1% | 8.7× | n/a | n/a |
| Tangshan Port 601000.SS | China | $4.27B | +3% | +10% | 39% | 13.9× | -11.0% | -6.2% |
| SATS S58.SI | Singapore | $4.34B | +15% | +9% | 9% | 17.6× | -0.2% | +45.6% |
| Taiwan High Speed Rail 2633.TW | Taiwan | $4.36B | -3% | +4% | 39% | 19.2× | 0.8% | +6.9% |