In the past two years, affected by the new crown epidemic, and my country's foreign trade is in full swing, international shipping prices have soared. As the leader in international container freight, China COSCO Shipping also seized a wave of opportunities to make a lot of money. After achieving a 89.3 billion yuan in 2021, 2022 is even more amazing. It is expected to achieve a net profit of 97.2 billion yuan in the first three quarters, a year-on-year increase of 43.73%.
However, compared with high profits, the stock price of COSCO Shipping is thrilling. After a wave of speculation in 2021, the stock price rose from the lowest price of 3.14 yuan in May 2020 to the highest price of 33.4 yuan in June 2021. In one year, rose by 10 times, and has fallen all the way. Although the performance has been improving all the way, the stock price did fall back to the current 11.39 yuan, down nearly 66% from the highest price in June 2021. (If you consider the price of re-equipped after considering, the decline is 52%)
What is the value of Zhongyuan Overseas Control’s stock? The performance continues to improve, is there any possibility of another attack?
Before the stock price soared, that is, in May 2020, the market value of COSCO Shipping was only 38.5 billion yuan. At that time, the price-to-earnings ratio was the lowest 5.69 and the price-to-book ratio was the lowest 1.09. The monthly market value in 2021 rose to 401.5 billion yuan, a surge of 363 billion yuan from a year ago. At this time, the price-to-earnings ratio was 15 times and the price-to-book ratio was the highest 6.75 times. However, its market value has fallen to 183.3 billion yuan, the price-to-earnings ratio was 1.81 times, and the price-to-book ratio was as low as 0.98 times, which is even lower than in May 2020.
2021 and the first three quarters of 2022, COSCO Shipping achieved a total net profit of 186.5 billion yuan, while its current market value of 183.3 billion yuan is only an increase of 144.8 billion yuan from the lowest 38.5 billion yuan in May 2020. The added value of net profit is still higher than the added value of market value. It can be seen that the current price of COSCO Shipping is already in a relatively reasonable range. The current environment is not good. It is probably a bit difficult to say that China COSCO Shipping will replicate yesterday's glory. I can only say that the current price is safer than a year ago. Do you think it is safe to buy COSCO Ocean Control like
? Welcome to leave a message in the comment area for discussion.
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