DB:CTS

Stock Analysis Report

AVIC International Holdings

Executive Summary

AVIC International Holdings Limited, an investment holding company, engages in the electronic products, retail and consumer products, international engineering, and trading and logistics businesses.

Snowflake

Fundamentals

Mediocre balance sheet and overvalued.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-0.6%

CTS

2.6%

DE Electronic

0.1%

DE Market


1 Year Return

95.6%

CTS

4.3%

DE Electronic

8.8%

DE Market

Return vs Industry: CTS exceeded the German Electronic industry which returned 4.3% over the past year.

Return vs Market: CTS exceeded the German Market which returned 8.8% over the past year.


Shareholder returns

CTSIndustryMarket
7 Day-0.6%2.6%0.1%
30 Day-5.6%13.8%5.9%
90 Day57.0%34.2%15.0%
1 Year95.6%95.6%5.2%4.3%12.2%8.8%
3 Year79.5%71.7%72.3%68.2%25.5%14.5%
5 Year78.3%57.9%143.8%130.9%40.1%21.0%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is AVIC International Holdings undervalued compared to its fair value and its price relative to the market?

0.58x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate CTS's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate CTS's fair value to establish if it is undervalued.


Price To Earnings Ratio

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

PE vs Market: CTS 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 CTS's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CTS is good value based on its PB Ratio (0.6x) compared to the DE Electronic industry average (1.9x).


Next Steps

Future Growth

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

34.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CTS is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: CTS is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: CTS is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: Insufficient data to determine if CTS's revenue is forecast to grow faster than the German market.

High Growth Revenue: Insufficient data to determine if CTS's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if CTS's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has AVIC International Holdings performed over the past 5 years?

-40.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CTS has high quality earnings.

Growing Profit Margin: CTS's current net profit margins (-1.1%) are lower than last year (0.9%).


Past Earnings Growth Analysis

Earnings Trend: CTS is unprofitable, and losses have increased over the past 5 years at a rate of -40% per year.

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

Earnings vs Industry: CTS is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (-5.4%).


Return on Equity

High ROE: CTS has a negative Return on Equity (0.5%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is AVIC International Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: CTS's short term assets (CN¥46.3B) exceeds its short term liabilities (CN¥45.9B)

Long Term Liabilities: CTS's short term assets (46.3B) exceeds its long term liabilities (23.0B)


Debt to Equity History and Analysis

Debt Level: CTS's debt to equity ratio (93.2%) is considered high

Reducing Debt: CTS's debt to equity ratio has reduced from 156.3% to 93.2% over the past 5 years.

Debt Coverage: CTS's debt is not well covered by operating cash flow (6.1%).

Interest Coverage: CTS is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet

Inventory Level: CTS has a high level of physical assets or inventory.

Debt Coverage by Assets: CTS's debt is covered by short term assets (assets are 1.3x debt).


Next Steps

Dividend

What is AVIC International Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%1.4%markettop25%3.7%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

High Dividend: Unable to evaluate CTS'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 CTS's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: CTS is not paying a notable dividend for the German market.


Future Payout to Shareholders

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


Next Steps

Management

What is the CEO of AVIC International Holdings's salary, the management and board of directors tenure and is there insider trading?

5.6yrs

Average board tenure


CEO

AVIC International Holdings has no CEO, or we have no data on them.


Board Age and Tenure

5.6yrs

Average Tenure

53.5yo

Average Age

Experienced Board: CTS's board of directors are considered experienced (5.6 years average tenure).


Insider Trading

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


Recent Insider Transactions

SellCN¥3,835,83503 Oct 19
CK Hutchison Holdings Limited
EntityCompany
Shares5,300,000
Max PriceCN¥0.72
SellCN¥2,526,71402 Oct 19
CK Hutchison Holdings Limited
EntityCompany
Shares3,541,000
Max PriceCN¥0.71
SellCN¥1,003,97802 Oct 19
Empire Grand Limited
EntityCompany
Shares1,407,000
Max PriceCN¥0.71
SellCN¥1,034,36530 Sep 19
CK Hutchison Holdings Limited
EntityCompany
Shares1,560,000
Max PriceCN¥0.66
SellCN¥173,93923 Sep 19
CK Hutchison Holdings Limited
EntityCompany
Shares300,000
Max PriceCN¥0.58
SellCN¥347,41524 Apr 19
CK Hutchison Holdings Limited
EntityCompany
Shares580,000
Max PriceCN¥0.60
SellCN¥160,45919 Mar 19
CK Hutchison Holdings Limited
EntityCompany
Shares264,000
Max PriceCN¥0.61
SellCN¥370,59807 Mar 19
CK Hutchison Holdings Limited
EntityCompany
Shares600,000
Max PriceCN¥0.62

Ownership Breakdown

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


Management Team

  • Lei You (50yo)

    Vice Chairman

    • Tenure: 6.3yrs
  • Wei Xuan Lai (55yo)

    Second Vice Chairman

    • Tenure: 4.3yrs
  • Hong De Liu (58yo)

    Executive Chairman

    • Tenure: 2.8yrs
  • Gao Jian Huang (63yo)

    Vice President

    • Tenure: 0yrs
  • Sheng Fan (61yo)

    Manager of Audit and Supervision Department

    • Tenure: 0yrs
  • Jun Liu (57yo)

    Executive Director

    • Tenure: 7.4yrs
  • Hong Liang Chen (51yo)

    Executive Director

    • Tenure: 7.4yrs
  • Fang Xing Fu (46yo)

    Executive Director

    • Tenure: 0.9yrs
  • Zhang Xiao (43yo)

    Company Secretary

    • Tenure: 1.8yrs

Board Members

  • Lei You (50yo)

    Vice Chairman

    • Tenure: 6.3yrs
  • Wei Xuan Lai (55yo)

    Second Vice Chairman

    • Tenure: 4.3yrs
  • Hong De Liu (58yo)

    Executive Chairman

    • Tenure: 2.8yrs
  • Wai Ling Wong (58yo)

    Independent Non-Executive Director

    • Tenure: 11.7yrs
    • Compensation: CN¥170.00k
  • Roger Wu (46yo)

    Independent Non Executive Director

    • Tenure: 10.4yrs
    • Compensation: CN¥170.00k
  • Jun Liu (57yo)

    Executive Director

    • Tenure: 7.4yrs
  • Hong Liang Chen (51yo)

    Executive Director

    • Tenure: 7.4yrs
  • Wei Wei (54yo)

    Independent Non-Executive Director

    • Tenure: 4.9yrs
    • Compensation: CN¥170.00k
  • Fang Xing Fu (46yo)

    Executive Director

    • Tenure: 0.9yrs
  • Yan Jiao (53yo)

    Chair of Supervisors

    • Tenure: 1.4yrs

Company Information

AVIC International Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: AVIC International Holdings Limited
  • Ticker: CTS
  • Exchange: DB
  • Founded: 1997
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: HK$8.781b
  • Listing Market Cap: HK$1.019b
  • Shares outstanding: 1.17b
  • Website: https://www.avic161.com

Number of Employees


Location

  • AVIC International Holdings Limited
  • China Building
  • Room 1603
  • Central
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
161SEHK (The Stock Exchange of Hong Kong Ltd.)YesForeign Shares-Foreign ListedHKHKDSep 1997
CTSDB (Deutsche Boerse AG)YesForeign Shares-Foreign ListedDEEURSep 1997

Biography

AVIC International Holdings Limited, an investment holding company, engages in the electronic products, retail and consumer products, international engineering, and trading and logistics businesses. The co ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/13 21:02
End of Day Share Price2019/11/13 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.