BST:MH9D

Stock Analysis Report

Executive Summary

Sheng Yuan Holdings Limited, an investment holding company, provides various financial services in Hong Kong and Mainland China.


Snowflake Analysis

Slightly overvalued with worrying balance sheet.

Share Price & News

How has Sheng Yuan Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MH9D's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

MH9D

15.0%

DE Capital Markets

9.9%

DE Market


1 Year Return

-21.4%

MH9D

-6.8%

DE Capital Markets

-17.5%

DE Market

Return vs Industry: MH9D underperformed the German Capital Markets industry which returned -8.8% over the past year.

Return vs Market: MH9D underperformed the German Market which returned -17.7% over the past year.


Shareholder returns

MH9DIndustryMarket
7 Day0%15.0%9.9%
30 Day-8.3%-18.3%-16.6%
90 Day450.0%-13.9%-24.8%
1 Year-21.4%-21.4%-4.6%-6.8%-15.0%-17.5%
3 Year-75.0%-75.0%-21.4%-25.4%-17.4%-24.5%
5 Year-60.7%-60.7%-46.3%-54.7%-16.6%-28.1%

Price Volatility Vs. Market

How volatile is Sheng Yuan Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Sheng Yuan Holdings 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: MH9D (€0.01) is trading below our estimate of fair value (€0.01)

Significantly Below Fair Value: MH9D is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: MH9D is unprofitable, so we can't compare its PE Ratio to the Capital Markets industry average.

PE vs Market: MH9D is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MH9D's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MH9D has negative assets, so we can't compare its PB Ratio to the DE Capital Markets industry average.


Next Steps

Future Growth

How is Sheng Yuan Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

38.9%

Forecasted Diversified Financials 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 Sheng Yuan Holdings 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 Sheng Yuan Holdings performed over the past 5 years?

-33.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MH9D is currently unprofitable.

Growing Profit Margin: MH9D is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MH9D is unprofitable, and losses have increased over the past 5 years at a rate of -33.5% per year.

Accelerating Growth: Unable to compare MH9D's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: MH9D is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (5.7%).


Return on Equity

High ROE: MH9D's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Next Steps

Financial Health

How is Sheng Yuan Holdings's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: MH9D has a low level of unsold assets or inventory.

Debt Coverage by Assets: MH9D has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Insufficient data to determine if MH9D has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if MH9D has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Financial Institutions Analysis

Asset Level: MH9D's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if MH9D has a sufficient allowance for bad loans.

Low Risk Liabilities: MH9D reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if MH9D has an acceptable proportion of non-loan assets held.

Low Risk Deposits: MH9D has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if MH9D has an appropriate level of bad loans.


Next Steps

Dividend

What is Sheng Yuan Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate MH9D's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate MH9D's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if MH9D's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MH9D's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MH9D's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

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

0.8yrs

Average board tenure


CEO

Yang Liu (34yo)

0.17

Tenure

Mr. Yang Liu has been Chairman, Chief Executive Officer and Executive Director at Sheng Yuan Holdings Limited since January 31, 2020. Mr. Liu serves as Executive Director and the Chief Executive Director  ...


Board Members

NamePositionTenureCompensationOwnership
Yang Liu
Chairman & CEO0.17yrno datano data
Yun Zhao
Executive Director0.83yrno datano data
Quan Zhou
Executive Director0.83yrno datano data
Tze Wa Fung
Independent Non-Executive Director1.83yrsHK$119.00kno data
Fang Fang
Independent Non Executive Director0.92yrno datano data
Dong An
Independent Non-Executive Director0.33yrno datano data
Shuanggang Huang
Non-Executive Directorno datano datano data

0.8yrs

Average Tenure

38yo

Average Age

Experienced Board: MH9D's board of directors are not considered experienced ( 0.8 years average tenure), which suggests a new board.


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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4%.


Top Shareholders

Company Information

Sheng Yuan Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Sheng Yuan Holdings Limited
  • Ticker: MH9D
  • Exchange: BST
  • Founded:
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: HK$385.790m
  • Listing Market Cap: HK$44.887m
  • Shares outstanding: 3.82b
  • Website: https://www.shengyuan.hk

Number of Employees


Location

  • Sheng Yuan Holdings Limited
  • No. 238 Des Voeux Road
  • 26th Floor
  • Central
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MH9DBST (Boerse-Stuttgart)YesOrdinary SharesDEEURDec 1998
851SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDDec 1998

Biography

Sheng Yuan Holdings Limited, an investment holding company, provides various financial services in Hong Kong and Mainland China. It operates through Securities Brokerage and Financial Services, Asset Management Services, Proprietary Trading, and Trading Business segments. The company offers discretionary and non-discretionary dealing services for securities and futures contracts; securities placing and underwriting services; margin financing and money lending services; and corporate finance advisory and general advisory services. It is also involved in the provision of fund management and discretionary portfolio management, and investment advisory services; securities trading business; and trading of chemical products, and energy and minerals products. In addition, the company engages in the brokerage business that facilitates trading of securities through conventional channels, as well as through Internet-based electronic trading platform. It serves corporate and retail clients. The company is based in Central, Hong Kong. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/30 21:02
End of Day Share Price2020/03/30 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.