SZSE:200012

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Undervalued with excellent balance sheet.


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

Stable Share Price: 200012 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.7%

200012

-5.1%

CN Basic Materials

-1.9%

CN Market


1 Year Return

0.9%

200012

38.9%

CN Basic Materials

24.1%

CN Market

Return vs Industry: 200012 underperformed the CN Basic Materials industry which returned 38.9% over the past year.

Return vs Market: 200012 underperformed the CN Market which returned 24.1% over the past year.


Shareholder returns

200012IndustryMarket
7 Day-1.7%-5.1%-1.9%
30 Day3.9%-5.7%1.9%
90 Day2.6%-6.2%0.4%
1 Year4.6%0.9%42.4%38.9%26.2%24.1%
3 Year-32.9%-37.8%17.6%11.6%12.5%7.1%
5 Year-35.5%-44.7%52.3%42.2%15.8%7.9%

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

Below Fair Value: 200012 (HK$2.37) is trading below our estimate of fair value (HK$12.66)

Significantly Below Fair Value: 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 (8.8x) compared to the CN Basic Materials industry average (16.6x).

PE vs Market: 200012 is good value based on its PE Ratio (8.8x) compared to the CN market (40.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 200012's PEG Ratio to determine if it is good value.


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 (2.2x).


Next Steps

Future Growth

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

15.3%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if 200012's forecast earnings growth is above the savings rate (3.3%).

Earnings vs Market: Insufficient data to determine if 200012's earnings are forecast to grow faster than the CN market

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

Revenue vs Market: 200012's revenue (15.3% per year) is forecast to grow slower than the CN market (17.7% per year).

High Growth Revenue: 200012's revenue (15.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 200012's Return on Equity is forecast to be low in 3 years time (12.6%).


Next Steps

Past Performance

How has CSG Holding performed over the past 5 years?

-5.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 200012 has high quality earnings.

Growing Profit Margin: 200012's current net profit margins (7%) are higher than last year (5.2%).


Past Earnings Growth Analysis

Earnings Trend: 200012's earnings have declined by 5.6% per year over the past 5 years.

Accelerating Growth: 200012's earnings growth over the past year (36.1%) exceeds its 5-year average (-5.6% per year).

Earnings vs Industry: 200012 earnings growth over the past year (36.1%) exceeded the Basic Materials industry 24.6%.


Return on Equity

High ROE: 200012's Return on Equity (7.1%) is considered low.


Next Steps

Financial Health

How is CSG Holding's financial position?


Financial Position Analysis

Short Term Liabilities: 200012's short term assets (CN¥4.6B) exceed its short term liabilities (CN¥4.1B).

Long Term Liabilities: 200012's short term assets (CN¥4.6B) exceed its long term liabilities (CN¥3.5B).


Debt to Equity History and Analysis

Debt Level: 200012's debt to equity ratio (59.6%) is considered high.

Reducing Debt: 200012's debt to equity ratio has reduced from 75.7% to 59.6% over the past 5 years.

Debt Coverage: 200012's debt is well covered by operating cash flow (40.4%).

Interest Coverage: 200012's interest payments on its debt are well covered by EBIT (4.7x coverage).


Balance Sheet


Next Steps

Dividend

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

3.41%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 200012's dividend (3.41%) is higher than the bottom 25% of dividend payers in the CN market (0.36%).

High Dividend: 200012's dividend (3.41%) is in the top 25% of dividend payers in the CN market (1.68%)


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (29.9%), 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

How experienced are the management team and are they aligned to shareholders interests?

2.5yrs

Average management tenure


CEO

Jian Wang (56 yo)

2.25yrs

Tenure

CN¥4,089,400

Compensation

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 ...


Leadership Team

NamePositionTenureCompensationOwnership
Jian Wang
CEO & Deputy Chairman of the Board2.25yrsCN¥4.09m0.033%
CN¥ 5.3m
Wenhui Lu
Executive Vice President3.67yrsCN¥5.06m0.040%
CN¥ 6.4m
Xinyu Yang
Secretary of the Board3.42yrsCN¥1.85m0.038%
CN¥ 6.1m
Cuixu Li
Vice President2.5yrsCN¥1.45mno data
Jin He
Vice President2.5yrsCN¥1.29m0.029%
CN¥ 4.7m

2.5yrs

Average Tenure

48yo

Average Age

Experienced Management: 200012's management team is considered experienced (2.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jian Wang
CEO & Deputy Chairman of the Board2.25yrsCN¥4.09m0.033%
CN¥ 5.3m
Lin Chen
Chairman of the Board3.92yrsno data0.053%
CN¥ 8.5m
Xibao Cheng
Director4.75yrsno datano data
Xinjun Li
Supervisor3.75yrsno datano data
Zhang Jinshun
Non-Independent Director3.42yrsno datano data
Zhu Guilong
Independent Director3.42yrsCN¥100.00kno data
Qianyu Zhu
Independent Director1.5yrsno datano data
Jianghua Li
Chairman of the Supervisory Board1.58yrsno datano data
Changkun Gao
Employee Supervisor2.17yrsno datano data

3.4yrs

Average Tenure

51yo

Average Age

Experienced Board: 200012's board of directors are considered experienced (3.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

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$16.172b
  • Shares outstanding: 3.07b
  • 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 Analysis2020/10/27 14:42
End of Day Share Price2020/10/27 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.