SZSE:000886

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

Hainan Expressway Co., Ltd. constructs, manages, and maintains expressways in China. More Details


Snowflake Analysis

Flawless balance sheet with proven track record and pays a dividend.

Share Price & News

How has Hainan Expressway's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 000886 is not significantly more volatile than the rest of CN stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 000886's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

-3.2%

886

0.5%

CN Real Estate

-1.2%

CN Market


1 Year Return

10.2%

886

-10.1%

CN Real Estate

25.4%

CN Market

Return vs Industry: 000886 exceeded the CN Real Estate industry which returned -10.1% over the past year.

Return vs Market: 000886 underperformed the CN Market which returned 25.5% over the past year.


Shareholder returns

886IndustryMarket
7 Day-3.2%0.5%-1.2%
30 Day-4.3%-3.6%4.3%
90 Day-11.5%-7.8%5.8%
1 Year11.3%10.2%-7.2%-10.1%27.5%25.4%
3 Year-33.1%-35.3%-24.5%-30.6%23.2%17.0%
5 Year-16.0%-18.7%-9.4%-18.9%39.0%29.5%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Hainan Expressway undervalued compared to its fair value and its price relative to the market?

54.82x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 000886 (CN¥4.86) is trading above our estimate of fair value (CN¥0.91)

Significantly Below Fair Value: 000886 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 000886 is poor value based on its PE Ratio (54.8x) compared to the CN Real Estate industry average (14.5x).

PE vs Market: 000886 is poor value based on its PE Ratio (54.8x) compared to the CN market (35x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 000886's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 000886 is overvalued based on its PB Ratio (1.7x) compared to the CN Real Estate industry average (1.1x).


Next Steps

Future Growth

How is Hainan Expressway forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

20.4%

Forecasted Real Estate industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Hainan Expressway has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Hainan Expressway performed over the past 5 years?

41.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 000886 has a large one-off gain of CN¥42.1M impacting its September 30 2020 financial results.

Growing Profit Margin: 000886's current net profit margins are higher than last year (28.6%).


Past Earnings Growth Analysis

Earnings Trend: 000886's earnings have grown significantly by 41.3% per year over the past 5 years.

Accelerating Growth: 000886's earnings growth over the past year (42.8%) exceeds its 5-year average (41.3% per year).

Earnings vs Industry: 000886 earnings growth over the past year (42.8%) exceeded the Real Estate industry -3.3%.


Return on Equity

High ROE: 000886's Return on Equity (3.3%) is considered low.


Next Steps

Financial Health

How is Hainan Expressway's financial position?


Financial Position Analysis

Short Term Liabilities: 000886's short term assets (CN¥2.3B) exceed its short term liabilities (CN¥400.7M).

Long Term Liabilities: 000886's short term assets (CN¥2.3B) exceed its long term liabilities (CN¥53.3M).


Debt to Equity History and Analysis

Debt Level: 000886 is debt free.

Reducing Debt: 000886 has not had any debt for past 5 years.

Debt Coverage: 000886 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 000886 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Hainan Expressway current dividend yield, its reliability and sustainability?

2.06%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 000886's dividend (2.06%) is higher than the bottom 25% of dividend payers in the CN market (0.4%).

High Dividend: 000886's dividend (2.06%) is in the top 25% of dividend payers in the CN market (1.81%)


Stability and Growth of Payments

Stable Dividend: 000886's dividend payments have been volatile in the past 10 years.

Growing Dividend: 000886's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (56.4%), 000886's dividend payments are 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?

6.8yrs

Average management tenure


CEO

Qiang Guo (49 yo)

6.67yrs

Tenure

CN¥541,500

Compensation

Mr. Qiang Guo has been General Manager at Hainan Expressway Co., Ltd since May 15, 2014 and serves as Deputy Party Secretary. Mr. Guo served as Deputy General Manager at Shaanxi Province Post Administratio...


Leadership Team

NamePositionTenureCompensationOwnership
Qiang Guo
GM & Director6.67yrsCN¥541.50kno data
Weijing Zhu
Deputy GM & General Counsel3.25yrsCN¥491.30kno data
Shou Dong Jiang
Deputy General Manager11.08yrsCN¥491.30kno data
Qi Biao Xu
Deputy General Manager7yrsCN¥237.10kno data
Qiu Zhong Chen
Deputy GM & Secretary13.58yrsCN¥491.20kno data
Wei Zhou
Deputy GM & Chief Accountant3.25yrsno datano data
Zhiguo Liu
Head of Accounting Departmentno datano datano data

6.8yrs

Average Tenure

53.5yo

Average Age

Experienced Management: 000886's management team is seasoned and experienced (6.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Qiang Guo
GM & Director6.67yrsCN¥541.50kno data
Guohua Zeng
Chairman5.75yrsno datano data
Qiong Jun Chen
Chairman of Supervisory Board6.67yrsno datano data
Wen Tao Kang
Member of Supervisory Board6.67yrsno datano data
Lei Pang
Member of Supervisory Board6.67yrsno datano data
Chun Ming Bai
Employee Representative Member of Supervisory Board6.67yrsno datano data
Guo Liu Hu
Independent Director1.33yrsCN¥50.00kno data
Husheng Wang
Non-Independent Director1.33yrsno datano data
Qiongya Sun
Non- Independent Director1.33yrsno datano data
Yong Jin
Independent Director1.33yrsno datano data
Min Chen
Non-Independent Director1.33yrsno datano data
Liya Wang
Independent Director1.33yrsno datano data

3.5yrs

Average Tenure

50yo

Average Age

Experienced Board: 000886's board of directors are considered experienced (3.5 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

Hainan Expressway Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Hainan Expressway Co., Ltd.
  • Ticker: 886
  • Exchange: SZSE
  • Founded: 1993
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: CN¥4.806b
  • Shares outstanding: 988.83m
  • Website: https://www.hi-expressway.com

Number of Employees


Location

  • Hainan Expressway Co., Ltd.
  • Highway Building
  • No. 16, Lantian Road
  • Haikou
  • Hainan Province
  • 570203
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
886SZSE (Shenzhen Stock Exchange)YesDomestic SharesCNCNYJan 1998

Biography

Hainan Expressway Co., Ltd. constructs, manages, and maintains expressways in China. It is also involved in the transportation infrastructure and real estate construction; and hotel and tourism project inv...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/16 09:17
End of Day Share Price2021/01/15 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.