SZSE:200012

Stock Analysis Report

Executive Summary

CSG Holding Co., Ltd. researches, develops, manufactures, and sells glass products.

Snowflake

Fundamentals

Very undervalued average dividend payer.


Similar Companies

Share Price & News

How has CSG Holding's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-0.8%

200012

1.6%

CN Basic Materials

1.8%

CN Market


1 Year Return

8.7%

200012

23.4%

CN Basic Materials

27.1%

CN Market


Shareholder returns

200012IndustryMarket
7 Day-0.8%1.6%1.8%
30 Day0.8%-0.3%-2.3%
90 Day2.1%-0.9%4.9%
1 Year11.1%8.7%25.9%23.4%29.4%27.1%
3 Year-42.2%-45.3%4.4%1.0%-9.7%-13.3%
5 Year-24.5%-37.3%57.0%48.2%38.6%30.3%

Price Volatility Vs. Market

How volatile is CSG Holding's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is CSG Holding undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: 200012 (HK$2.43) is trading below our estimate of fair value (HK$5.18)

Significantly Undervalued: 200012 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 200012 is good value based on its PE Ratio (14.6x) compared to the Basic Materials industry average (16x).

PE vs Market: 200012 is good value based on its PE Ratio (14.6x) compared to the CN market (32.1x).


Price to Earnings Growth Ratio

Low PEG Ratio: 200012 is good value based on its PEG Ratio (0.5x)


Price to Book Ratio

PB vs Industry: 200012 is good value based on its PB Ratio (0.7x) compared to the CN Basic Materials industry average (2x).


Next Steps

Future Growth

How is CSG Holding forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

31.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 200012's forecast earnings growth (31.4% per year) is above the savings rate (2.7%).

Earnings vs Market: 200012's earnings (31.4% per year) are forecast to grow faster than the CN market (18.3% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 200012's revenue (8.2% per year) is forecast to grow slower than the CN market (15.2% per year).

High Growth Revenue: 200012's revenue (8.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Information is not available.


Next Steps

Past Performance

How has CSG Holding performed over the past 5 years?

-16.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 200012's earnings have declined by -16.3% per year over the past 5 years.

Accelerating Growth: 200012's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 200012 had negative earnings growth (-39.2%) over the past year, making it difficult to compare to the Basic Materials industry average (38%).


Return on Equity

High ROE: 200012's Return on Equity (5.1%) is considered low.


Return on Assets

ROA vs Industry: 200012's Return on Assets is below or equal to the Basic Materials industry average last year.


Return on Capital Employed

ROCE Improving: 200012's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is CSG Holding's financial position?


Financial Position Analysis

Short Term Liabilities: 200012's short term assets (CN¥4.5B) do not cover its short term liabilities (CN¥5.6B)

Long Term Liabilities: 200012's short term assets (4.5B) exceeds its long term liabilities (3.2B)


Debt to Equity History and Analysis

Debt Level: 200012's debt to equity ratio (51.4%) is considered high

Reducing Debt: 200012's debt to equity ratio has reduced from 53.4% to 51.4% over the past 5 years.

Debt Coverage: 200012's debt is well covered by operating cash flow (42.7%).

Interest Coverage: 200012's interest payments on its debt are not well covered by EBIT (2.7x coverage).


Balance Sheet

Information is not available.

Information is not available.


Next Steps

Dividend

What is CSG Holding's current dividend yield, its reliability and sustainability?

2.07%

Current Dividend Yield


Dividend Yield vs Market

company2.1%marketbottom25%0.5%markettop25%1.9%industryaverage2.5%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: 200012's dividend (2.07%) is higher than the bottom 25% of dividend payers in the CN market (0.46%).

High Dividend: 200012's dividend (2.07%) is in the top 25% of dividend payers in the CN market (1.89%)

Stable Dividend: 200012's dividend payments have been volatile in the past 10 years.

Growing Dividend: 200012's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (30.2%), 200012's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of CSG Holding's salary, the management and board of directors tenure and is there insider trading?

1.5yrs

Average management tenure


CEO

Jian Wang (55yo)

1.3yrs

Tenure

0

Mr. Jian Wang has been the Chief Executive Officer of CSG Holding Co., Ltd., since July 02, 2018. Mr. Wang serves as General Manager of investment and operation department at China North Industrial Corpora ...


Management Age and Tenure

1.5yrs

Average Tenure

47yo

Average Age

Experienced Management: 200012's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Age and Tenure

2.6yrs

Average Tenure

49yo

Average Age

Experienced Board: 200012's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Wenhui Lu (56yo)

    Executive Vice President

    • Tenure: 2.7yrs
  • Jian Wang (55yo)

    CEO & Deputy Chairman of the Board

    • Tenure: 1.3yrs
  • Xinyu Yang (39yo)

    Secretary of the Board

    • Tenure: 2.4yrs
  • Cuixu Li (44yo)

    Vice President

    • Tenure: 1.5yrs
  • Jin He (47yo)

    Vice President

    • Tenure: 1.5yrs

Board Members

  • Weizai Zhan (55yo)

    Independent Director

    • Tenure: 2.8yrs
  • Lin Chen (47yo)

    Chairman of the Board

    • Tenure: 2.9yrs
  • Jian Wang (55yo)

    CEO & Deputy Chairman of the Board

    • Tenure: 1.3yrs
  • Weiqing Ye (47yo)

    Director

    • Tenure: 3.8yrs
  • Xibao Cheng (37yo)

    Director

    • Tenure: 3.8yrs
  • Xinjun Li (51yo)

    Supervisor

    • Tenure: 2.8yrs
  • Zhang Jinshun (54yo)

    Non-Independent Director

    • Tenure: 2.4yrs
  • Zhu Guilong (55yo)

    Independent Director

    • Tenure: 2.4yrs
  • Qianyu Zhu (44yo)

    Independent Director

    • Tenure: 0.5yrs
  • Jianghua Li (42yo)

    Chairman of the Supervisory Board

    • Tenure: 0.6yrs

Company Information

CSG Holding Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: CSG Holding Co., Ltd.
  • Ticker: 200012
  • Exchange: SZSE
  • Founded: 1984
  • Industry: Construction Materials
  • Sector: Materials
  • Market Cap: HK$12.544b
  • Shares outstanding: 3.11b
  • Website: https://www.csgholding.com

Number of Employees


Location

  • CSG Holding Co., Ltd.
  • CSG Building
  • No.1, 6th Industrial Road
  • Shenzhen
  • Guangdong Province
  • 518067
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
200012SZSE (Shenzhen Stock Exchange)YesForeign Shares-Domestically ListedCNHKDMar 1992
12SZSE (Shenzhen Stock Exchange)Domestic SharesCNCNYMar 1994
12XSEC (Shenzhen Stock Exchange - Shenzhen-Hong Kong Stock Connect)Domestic SharesCNCNYMar 1994

Biography

CSG Holding Co., Ltd. researches, develops, manufactures, and sells glass products. The company operates through Glass, Solar Energy, and Electronic Glass and Display segments. The Glass segment engages in ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/17 14:32
End of Day Share Price2019/10/16 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.