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One of the world's largest container-shipping operators (with OOCL) plus port-terminal investments globally.
One of the world's largest container-shipping operators (with OOCL) plus port-terminal investments globally.
Earns freight per container moved, partly on annual contracts and partly at spot rates, so results follow shipping rates more than volumes. Controlled by the state-owned China COSCO Shipping group, it bought Hong Kong's OOCL in 2018 and shares routes with CMA CGM and Evergreen through the Ocean Alliance.
In one line: A Chinese Maersk.
Moat: narrow (scale, installed base). Among the largest global container fleets, with scale advantages typical of an oligopoly shipping market.
Headquarters: Shanghai, China · Founded: 2016 · Employees: 32,768
Size COSCO SHIPPING (601919.SS) is a China Industrials company (Marine Shipping) with a market value of $39.0B, the 46th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥17.47 on 6 Nov 2026.
Performance Over six months the shares gained 23.7%, against +11.0% for the median peer and -16.4% for the China market (cap-weighted) — 5th highest of 14 in its peer set.
Growth Revenue grew 5.6% over the last twelve months (peer median +1.1%); the operating margin is 16.1% (peer median 10.0%).
Valuation It trades at 6.9× forward earnings against a peer median of 8.1× (6th cheapest of 13).
Price implies For today's price to make sense, revenue must grow about -18% a year for seven years (Req g). Recent delivered growth is +5%, so the hurdle is -23 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 10.2 points above its cost of capital (5.3% WACC).
Next results Next results expected around 1 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥240B | CN¥218B | CN¥233B | CN¥174B | CN¥389B |
| Revenue growth | — | -6% | +34% | -55% | — |
| Gross profit | CN¥67.6B | CN¥43.0B | CN¥67.9B | CN¥27.3B | CN¥171B |
| EBITDA | n/a | CN¥53.5B | CN¥75.7B | CN¥39.1B | CN¥179B |
| Net income | CN¥34.4B | CN¥30.9B | CN¥49.1B | CN¥23.9B | CN¥110B |
| Free cash flow | CN¥26.2B | CN¥23.7B | CN¥46.6B | CN¥9.77B | CN¥188B |
| Capital expenditure | CN¥30.9B | CN¥25.0B | CN¥26.0B | CN¥15.3B | CN¥10.5B |
| Total debt | CN¥73.3B | CN¥78.3B | CN¥77.8B | CN¥84.2B | CN¥93.6B |
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 601919.SS | $39.0B | +24% | +6% | 16% | 6.9× | -17.9% |
| Hapag-Lloyd HLAG.DE | $25.1B | +11% | -9% | 2% | 18.5× | 34.4% |
| Evergreen Marine Corp(taiwan) 2603.TW | $16.1B | +28% | -20% | 15% | 5.0× | -9.1% |
| Yang Ming Marine Transport 2609.TW | $6.03B | +14% | -22% | 6% | 6.5× | n/a |
| HMM 011200.KS | $15.3B | +8% | -5% | 11% | 9.7× | -1.8% |
| ZIM Integrated Shipping Services ZIM | $3.37B | +5% | -25% | 6% | 3.7× | 2.7% |
| Wan Hai Lines 2615.TW | $9.12B | +40% | -14% | 22% | 5.8× | -12.0% |
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 | 601919.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +5.2% | -6.5% | 2nd highest of 14 |
| 6-month return | +23.7% | +11.0% | 5th highest of 14 |
| Distance from 52-week high | -4.0% | -15.4% | 2nd highest of 14 |
| Revenue growth (TTM) | +5.6% | +1.1% | 6th highest of 14 |
| Operating margin | 16.1% | 10.0% | 4th highest of 14 |
| Forward P/E | 6.9× | 8.1× | 6th cheapest of 13 |
| Growth the price implies (Req g, 7 yrs) | -17.9% | -1.5% | least demanding of 13 |
| Growth delivered (Del g) | +5.0% | +7.8% | 3rd lowest of 13 |
| Hurdle (Req g minus delivered) | -22.9 pp | -10.4 pp | least demanding of 13 |
| ROIC minus cost of capital | +10.2 pp | +0.8 pp | 4th highest of 14 |
| Net debt / EBITDA | -1.4× | 0.4× | 3rd least indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| COSCO SHIPPING 601919.SS | China | $39.0B | +24% | +6% | 16% | 6.9× | -17.9% | +5.0% |
| Kuehne & Nagel International KNIN.SW | Switzerland | $34.3B | +35% | +1% | 5% | 25.4× | 3.2% | +3.7% |
| A.P. Moller - Maersk A/S MAERSK-A.CO | Denmark | $47.6B | +44% | -8% | 5% | 5.9× | -1.3% | +6.6% |
| Hapag-Lloyd HLAG.DE | Germany | $25.1B | +11% | -9% | 2% | 18.5× | 34.4% | +7.8% |
| China Merchants Energy Shipping 601872.SS | China | $19.6B | -8% | +60% | 39% | 6.3× | -9.5% | +5.4% |
| Nippon Yusen Kabushiki Kaisha 9101.T | Japan | $16.8B | +17% | 0% | 6% | 9.0× | 7.8% | +8.5% |
| Evergreen Marine Corp(taiwan) 2603.TW | Taiwan | $16.1B | +28% | -20% | 15% | 5.0× | -9.1% | +12.9% |
| SITC International 1308.HK | Hong Kong | $15.8B | +34% | +5% | 34% | 10.7× | -0.4% | +15.3% |
| HMM 011200.KS | South Korea | $15.3B | +8% | -5% | 11% | 9.7× | -1.8% | +11.2% |
| Mitsui O.s.k. Lines 9104.T | Japan | $15.0B | +10% | +20% | 6% | 7.3× | n/a | n/a |
| COSCO SHIPPING Energy Transportation 600026.SS | China | $13.2B | -21% | +38% | 33% | 6.1× | -8.2% | +7.8% |
| OOIL 0316.HK | Hong Kong | $12.8B | +10% | -8% | 10% | 5.9× | -2.3% | +3.6% |
| Kawasaki Kisen Kaisha 9107.T | Japan | $11.0B | +17% | +11% | 8% | 9.4× | 7.3% | +10.2% |
| Ningbo Zhoushan Port 601018.SS | China | $10.4B | -4% | +12% | 16% | n/a | -7.3% | +7.6% |