Prinx Chengshan (Cayman) Holding Limited, an investment holding company, designs, manufactures, trades in, and distributes tires in the People's Republic of China, rest of Asia, the Americas, Africa, the Middle East, and internationally.
Excellent balance sheet second-rate dividend payer.
Share Price & News
How has Prinx Chengshan (Cayman) Holding's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 1809 has not had significant price volatility in the past 3 months.
7 Day Return
HK Auto Components
1 Year Return
HK Auto Components
Return vs Industry: 1809 exceeded the Hong Kong Auto Components industry which returned -42.3% over the past year.
Return vs Market: 1809 exceeded the Hong Kong Market which returned -21.6% over the past year.
Price Volatility Vs. Market
How volatile is Prinx Chengshan (Cayman) Holding's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall StNeed To Know: Prinx Chengshan (Cayman) Holding Limited (HKG:1809) Insiders Have Been Buying Shares
1 month ago | Simply Wall StDoes Prinx Chengshan (Cayman) Holding (HKG:1809) Deserve A Spot On Your Watchlist?
1 month ago | Simply Wall StIs Prinx Chengshan (Cayman) Holding Limited's (HKG:1809) High P/E Ratio A Problem For Investors?
Is Prinx Chengshan (Cayman) Holding undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 1809 (HK$7.2) is trading above our estimate of fair value (HK$3.16)
Significantly Below Fair Value: 1809 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 1809 is good value based on its PE Ratio (8.7x) compared to the Auto Components industry average (9.6x).
PE vs Market: 1809 is good value based on its PE Ratio (8.7x) compared to the Hong Kong market (9.1x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 1809's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 1809 is overvalued based on its PB Ratio (1.2x) compared to the HK Auto Components industry average (0.9x).
How is Prinx Chengshan (Cayman) Holding forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted Automobiles industry annual growth in earnings
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if 1809's forecast earnings growth is above the savings rate (1.6%).
Earnings vs Market: Insufficient data to determine if 1809's earnings are forecast to grow faster than the Hong Kong market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: Insufficient data to determine if 1809's revenue is forecast to grow faster than the Hong Kong market.
High Growth Revenue: Insufficient data to determine if 1809's revenue is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 1809's Return on Equity is forecast to be low in 3 years time (19.4%).
How has Prinx Chengshan (Cayman) Holding performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 1809 has a high level of non-cash earnings.
Growing Profit Margin: 1809's current net profit margins (8.6%) are lower than last year (9.2%).
Past Earnings Growth Analysis
Earnings Trend: 1809's earnings have grown by 19% per year over the past 5 years.
Accelerating Growth: 1809's earnings growth over the past year (0.2%) is below its 5-year average (19% per year).
Earnings vs Industry: 1809 earnings growth over the past year (0.2%) exceeded the Auto Components industry -25.6%.
Return on Equity
High ROE: 1809's Return on Equity (14.1%) is considered low.
How is Prinx Chengshan (Cayman) Holding's financial position?
Financial Position Analysis
Short Term Liabilities: 1809's short term assets (CN¥3.2B) exceed its short term liabilities (CN¥2.3B).
Long Term Liabilities: 1809's short term assets (CN¥3.2B) exceed its long term liabilities (CN¥91.9M).
Debt to Equity History and Analysis
Debt Level: 1809's debt to equity ratio (10.5%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if 1809's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 1809's debt is well covered by operating cash flow (182%).
Interest Coverage: 1809 earns more interest than it pays, so coverage of interest payments is not a concern.
Inventory Level: 1809 has a high level of physical assets or inventory.
Debt Coverage by Assets: 1809's debt is covered by short term assets (assets are 8.8x debt).
What is Prinx Chengshan (Cayman) Holding's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: 1809's dividend (2.77%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.57%).
High Dividend: 1809's dividend (2.77%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.33%).
Stability and Growth of Payments
Stable Dividend: Too early to tell whether 1809's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if 1809's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (23.7%), 1809's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 1809's dividends in 3 years are forecast to be well covered by earnings (28.1% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Baozhen Chen (36yo)
Mr. Che Baozhen serves as an Executive Director at Prinx Chengshan (Cayman) Holding Limited since May 22, 2015. He has also been the General Manager of Prinx (Shandong) Tire since April 2017. Mr. Che joine ...
CEO Compensation Analysis
Compensation vs Market: Baozhen's total compensation ($USD317.80K) is about average for companies of similar size in the Hong Kong market ($USD335.35K).
Compensation vs Earnings: Baozhen's compensation has been consistent with company performance over the past year.
|CEO & Executive Director||no data||CN¥2.25m||no data|
|CFO & Executive Director||4.5yrs||CN¥1.70m||0.0047% CN¥215.8k|
|Executive Director & Joint Company Secretary||2.08yrs||CN¥570.00k||no data|
|Independent Non-executive Director||1.58yrs||CN¥161.00k||no data|
|Non-Executive Chairman||no data||CN¥248.00k||no data|
|Non Executive Director||4.5yrs||no data||no data|
|Independent Non Executive Director||1.58yrs||CN¥134.00k||no data|
|Independent non-executive Director||1.58yrs||CN¥108.00k||no data|
|Non-Executive Director||0.17yr||no data||no data|
Experienced Board: 1809's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 19.6%.
Prinx Chengshan (Cayman) Holding Limited's company bio, employee growth, exchange listings and data sources
- Name: Prinx Chengshan (Cayman) Holding Limited
- Ticker: 1809
- Exchange: SEHK
- Founded: 1976
- Industry: Tires and Rubber
- Sector: Automobiles
- Market Cap: HK$4.572b
- Shares outstanding: 635.00m
- Website: https://www.prinxchengshan.com
Number of Employees
- Prinx Chengshan (Cayman) Holding Limited
- Unit A-1, Tower A
- 19th Floor
- Kowloon Bay
- Hong Kong
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|1809||SEHK (The Stock Exchange of Hong Kong Ltd.)||Yes||Ordinary Shares||HK||HKD||Oct 2018|
Prinx Chengshan (Cayman) Holding Limited, an investment holding company, designs, manufactures, trades in, and distributes tires in the People's Republic of China, rest of Asia, the Americas, Africa, the Middle East, and internationally. The company offers steel radial, semi-steel radial, and bias tires for trucks and buses, passenger, agricultural, and industrial sectors under the Prinx, ChengShan, Austone, and Fortune brand names. It also engages in the research and development of tire technology and equipment, as well as provision of related technical services; and trading of inflatable products and related products. The company was formerly known as Prinx (Cayman) Holdings Limited. The company was founded in 1976 and is based in Kowloon Bay, Hong Kong. Prinx Chengshan (Cayman) Holding Limited is a subsidiary of Chengshan Group Co., Ltd.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/03 14:36|
|End of Day Share Price||2020/04/03 00:00|
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.