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Prinx Chengshan (Cayman) Holding

SEHK:1809
Snowflake Description

Excellent balance sheet and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1809
SEHK
HK$5B
Market Cap
  1. Home
  2. HK
  3. Automobiles
Company description

Prinx Chengshan (Cayman) Holding Limited, an investment holding company, designs, manufactures, trades in, and distributes tires in the People's Republic of China, the Americas, Asia, Africa, the Middle East, and internationally. The last earnings update was 145 days ago. More info.


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1809 Share Price and Events
7 Day Returns
2.1%
SEHK:1809
1.2%
HK Auto Components
0.8%
HK Market
1 Year Returns
-
SEHK:1809
-24.1%
HK Auto Components
-4.4%
HK Market
1809 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Prinx Chengshan (Cayman) Holding (1809) 2.1% -3% -2.8% - - -
HK Auto Components 1.2% -0% -20.7% -24.1% -2.3% 21.4%
HK Market 0.8% 0.3% -7.4% -4.4% 17.8% 1.7%
1 Year Return vs Industry and Market
  • No trading data on 1809.
  • No trading data on 1809.
Price Volatility
Industry
5yr Volatility vs Market

1809 Value

 Is Prinx Chengshan (Cayman) Holding undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Prinx Chengshan (Cayman) Holding to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Prinx Chengshan (Cayman) Holding.

SEHK:1809 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.2%
Perpetual Growth Rate 10-Year HK Government Bond Rate 2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SEHK:1809
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6.7%
Auto Components Unlevered Beta Simply Wall St/ S&P Global 1.27
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.269 (1 + (1- 25%) (8.77%))
1.236
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.24
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.236 * 6.65%)
10.22%

Discounted Cash Flow Calculation for SEHK:1809 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Prinx Chengshan (Cayman) Holding is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

SEHK:1809 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 10.22%)
2020 664.49 Est @ 7.09% 602.85
2021 701.48 Est @ 5.57% 577.37
2022 733.03 Est @ 4.5% 547.37
2023 760.51 Est @ 3.75% 515.21
2024 785.04 Est @ 3.23% 482.49
2025 807.48 Est @ 2.86% 450.25
2026 828.49 Est @ 2.6% 419.11
2027 848.56 Est @ 2.42% 389.44
2028 868.04 Est @ 2.3% 361.43
2029 887.21 Est @ 2.21% 335.14
Present value of next 10 years cash flows CN¥4,680.67
SEHK:1809 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥887.21 × (1 + 2%) ÷ (10.22% – 2%)
CN¥11,006.98
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥11,006.98 ÷ (1 + 10.22%)10
CN¥4,157.86
SEHK:1809 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥4,680.67 + CN¥4,157.86
CN¥8,838.53
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥8,838.53 / 635.00
CN¥13.92
SEHK:1809 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:1809)
1.135
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥13.92 x 1.135
HK$15.79
Value per share (HKD) From above. HK$15.79
Current discount Discount to share price of HK$7.21
= -1 x (HK$7.21 - HK$15.79) / HK$15.79
54.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Prinx Chengshan (Cayman) Holding is available for.
Intrinsic value
>50%
Share price is HK$7.21 vs Future cash flow value of HK$15.79
Current Discount Checks
For Prinx Chengshan (Cayman) Holding to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Prinx Chengshan (Cayman) Holding's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Prinx Chengshan (Cayman) Holding's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Prinx Chengshan (Cayman) Holding's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Prinx Chengshan (Cayman) Holding's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:1809 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥0.90
SEHK:1809 Share Price ** SEHK (2019-07-19) in HKD HK$7.21
SEHK:1809 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.881 CN¥6.35
Hong Kong Auto Components Industry PE Ratio Median Figure of 21 Publicly-Listed Auto Components Companies 10.68x
Hong Kong Market PE Ratio Median Figure of 1,512 Publicly-Listed Companies 10.77x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Prinx Chengshan (Cayman) Holding.

SEHK:1809 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1809 Share Price ÷ EPS (both in CNY)

= 6.35 ÷ 0.90

7.05x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Prinx Chengshan (Cayman) Holding is good value based on earnings compared to the HK Auto Components industry average.
  • Prinx Chengshan (Cayman) Holding is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Prinx Chengshan (Cayman) Holding's expected growth come at a high price?
Raw Data
SEHK:1809 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.05x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
6.2%per year
Hong Kong Auto Components Industry PEG Ratio Median Figure of 7 Publicly-Listed Auto Components Companies 0.61x
Hong Kong Market PEG Ratio Median Figure of 481 Publicly-Listed Companies 0.8x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Prinx Chengshan (Cayman) Holding, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Prinx Chengshan (Cayman) Holding's assets?
Raw Data
SEHK:1809 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥4.80
SEHK:1809 Share Price * SEHK (2019-07-19) in HKD HK$7.21
SEHK:1809 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.881 CN¥6.35
Hong Kong Auto Components Industry PB Ratio Median Figure of 26 Publicly-Listed Auto Components Companies 1.31x
Hong Kong Market PB Ratio Median Figure of 2,198 Publicly-Listed Companies 0.92x
SEHK:1809 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1809 Share Price ÷ Book Value per Share (both in CNY)

= 6.35 ÷ 4.80

1.32x

* Primary Listing of Prinx Chengshan (Cayman) Holding.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Prinx Chengshan (Cayman) Holding is overvalued based on assets compared to the HK Auto Components industry average.
X
Value checks
We assess Prinx Chengshan (Cayman) Holding's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Auto Components industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Auto Components industry average (and greater than 0)? (1 check)
  5. Prinx Chengshan (Cayman) Holding has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

1809 Future Performance

 How is Prinx Chengshan (Cayman) Holding expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

  • No analysts cover Prinx Chengshan (Cayman) Holding, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
6.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Prinx Chengshan (Cayman) Holding expected to grow at an attractive rate?
  • Prinx Chengshan (Cayman) Holding's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • Prinx Chengshan (Cayman) Holding's earnings growth is positive but not above the Hong Kong market average.
  • Prinx Chengshan (Cayman) Holding's revenue growth is expected to exceed the Hong Kong market average.
Annual Growth Rates Comparison
Raw Data
SEHK:1809 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:1809 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 6.2%
SEHK:1809 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 25.1%
Hong Kong Auto Components Industry Earnings Growth Rate Market Cap Weighted Average 11.5%
Hong Kong Auto Components Industry Revenue Growth Rate Market Cap Weighted Average 11.4%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.4%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SEHK:1809 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:1809 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 10,705 1,554 1
2020-12-31 7,689 1,083 1
2019-12-31 5,745 845 1
SEHK:1809 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 5,206 818 479
2018-03-31 4,921 470 263
2017-12-31 4,840 180 174
2016-12-31 3,822 693 291

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Prinx Chengshan (Cayman) Holding's earnings are expected to grow by 6.2% yearly, however this is not considered high growth (20% yearly).
  • Prinx Chengshan (Cayman) Holding's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SEHK:1809 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Prinx Chengshan (Cayman) Holding Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1809 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
SEHK:1809 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 0.90
2018-03-31 0.58
2017-12-31 0.40
2016-12-31 0.67

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Prinx Chengshan (Cayman) Holding is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Prinx Chengshan (Cayman) Holding's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Prinx Chengshan (Cayman) Holding has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

1809 Past Performance

  How has Prinx Chengshan (Cayman) Holding performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Prinx Chengshan (Cayman) Holding's growth in the last year to its industry (Auto Components).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Insufficient data to establish if Prinx Chengshan (Cayman) Holding's year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Prinx Chengshan (Cayman) Holding's 1-year earnings growth to the 5-year average due to insufficient past data.
  • Prinx Chengshan (Cayman) Holding's earnings growth has exceeded the HK Auto Components industry average in the past year (175.5% vs 0.7%).
Earnings and Revenue History
Prinx Chengshan (Cayman) Holding's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Prinx Chengshan (Cayman) Holding Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1809 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 5,206.09 478.60 417.30 106.88
2018-03-31 4,920.98 262.84 398.39 89.39
2017-12-31 4,840.40 173.70 403.04 85.25
2016-12-31 3,821.73 291.21 368.53 75.62
2015-12-31 6,037.51 279.68 578.99 110.33

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Prinx Chengshan (Cayman) Holding has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Prinx Chengshan (Cayman) Holding used its assets more efficiently than the HK Auto Components industry average last year based on Return on Assets.
  • Prinx Chengshan (Cayman) Holding's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Prinx Chengshan (Cayman) Holding's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Auto Components industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Prinx Chengshan (Cayman) Holding has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

1809 Health

 How is Prinx Chengshan (Cayman) Holding's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Prinx Chengshan (Cayman) Holding's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Prinx Chengshan (Cayman) Holding is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Prinx Chengshan (Cayman) Holding's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Prinx Chengshan (Cayman) Holding's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 10.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Prinx Chengshan (Cayman) Holding Company Filings, last reported 6 months ago.

SEHK:1809 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 3,045.96 353.68 1,882.96
2018-03-31 2,000.34 309.04 641.11
2017-12-31 1,601.25 790.45 818.00
2016-12-31 1,496.64 776.13 820.53
2015-12-31 1,251.94 718.54 246.03
  • Prinx Chengshan (Cayman) Holding's level of debt (11.6%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Prinx Chengshan (Cayman) Holding's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (231.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 644.9x coverage).
X
Financial health checks
We assess Prinx Chengshan (Cayman) Holding's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Prinx Chengshan (Cayman) Holding has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

1809 Dividends

 What is Prinx Chengshan (Cayman) Holding's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.19%
Current annual income from Prinx Chengshan (Cayman) Holding dividends. Estimated to be 3.74% next year.
If you bought HK$2,000 of Prinx Chengshan (Cayman) Holding shares you are expected to receive HK$64 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Prinx Chengshan (Cayman) Holding's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.07%).
  • Prinx Chengshan (Cayman) Holding's dividend is below the markets top 25% of dividend payers in Hong Kong (5.71%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SEHK:1809 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Hong Kong Auto Components Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 4.2%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 978 Stocks 3.6%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.2%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.1%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SEHK:1809 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.33 1.00
2020-12-31 0.22 1.00
2019-12-31 0.16 1.00
SEHK:1809 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-03-29 0.203 3.291

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • It is too early to tell whether Prinx Chengshan (Cayman) Holding has stable dividend payments.
  • Prinx Chengshan (Cayman) Holding only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of Prinx Chengshan (Cayman) Holding's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (5x coverage).
X
Income/ dividend checks
We assess Prinx Chengshan (Cayman) Holding's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Prinx Chengshan (Cayman) Holding afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Prinx Chengshan (Cayman) Holding has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

1809 Management

 What is the CEO of Prinx Chengshan (Cayman) Holding's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Baozhen Chen
COMPENSATION CN¥2,166,000
AGE 36
CEO Bio

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 joined Prinx Group in December 2005. He is a Director of all of Prinx subsidiaries except Prinx (Qingdao) and Prinx (Europe). Mr. Che serves as Chief Executive Officer at Prinx Chengshan (Cayman) Holding Limited. He has experience in automotive tire industry and is responsible for the overall day-to-day operations, management, administration and strategic planning of Prinx Group. As a General Manager of Prinx (Shandong) Tire, Mr. Che is also responsible for the overall management of Prinx (Shandong) Tire. Prior to joining Prinx Group, Mr. Che was a staff in Chengshan Group from December 2003 to May 2010. He was responsible for handling external relations with external parties and asset management. In June 2010, Mr. Che was appointed as the assistant of General Manager in Shandong Haizhibao Ocean Technology Company Limited. In December 2010, Mr. Che was appointed as the Chairman of Rongcheng Chengshan Construction Property Limited Company. Mr. Che obtained undergraduate bachelor degree in computer sciences and technology from the University of Science and Technology in Beijing, the PRC in July 2003. He further obtained a master degree in business administration from Bond University, Queensland, Australia in October 2015.

CEO Compensation
  • Baozhen's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Baozhen's remuneration is about average for companies of similar size in Hong Kong.
Management Team

Baozhen Chen

TITLE
CEO & Executive Director
COMPENSATION
CN¥2M
AGE
36

Futao Shi

TITLE
CFO & Executive Director
COMPENSATION
CN¥2M
AGE
49

Xueyu Cao

TITLE
Executive Director & Joint Company Secretary
COMPENSATION
CN¥193K
AGE
48
TENURE
1.3 yrs

Weicai Liu

TITLE
Human Resources center General Manager
AGE
44
TENURE
1.7 yrs

Yuk Ling Lam

TITLE
Joint Company Secretary
Board of Directors Tenure

Average tenure and age of the Prinx Chengshan (Cayman) Holding board of directors in years:

2.5
Average Tenure
49
Average Age
  • The average tenure for the Prinx Chengshan (Cayman) Holding board of directors is less than 3 years, this suggests a new board.
Board of Directors

Hongzhi Che

TITLE
Non-Executive Chairman
COMPENSATION
CN¥253K
AGE
62

Baozhen Chen

TITLE
CEO & Executive Director
COMPENSATION
CN¥2M
AGE
36
TENURE
4.2 yrs

Futao Shi

TITLE
CFO & Executive Director
COMPENSATION
CN¥2M
AGE
49
TENURE
3.8 yrs

Xueyu Cao

TITLE
Executive Director & Joint Company Secretary
COMPENSATION
CN¥193K
AGE
48
TENURE
1.3 yrs

Xuehuo Zhang

TITLE
Independent Non Executive Director
COMPENSATION
CN¥43K
AGE
56
TENURE
0.8 yrs

Sammy Choi

TITLE
Independent Non-executive Director
COMPENSATION
CN¥52K
AGE
57
TENURE
0.8 yrs

Lei Wang

TITLE
Non Executive Director
AGE
40
TENURE
3.8 yrs

Chuansheng Wang

TITLE
Independent non-executive Director
COMPENSATION
CN¥36K
AGE
59
TENURE
0.8 yrs

Yansheng Chen

TITLE
Non-Executive Director
AGE
38
TENURE
3.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
19. Dec 18 Buy Cooper Tire & Rubber Company Company 14. Dec 18 14. Dec 18 959,500 HK$5.29 HK$5,071,916
X
Management checks
We assess Prinx Chengshan (Cayman) Holding's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Prinx Chengshan (Cayman) Holding has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

1809 News

Simply Wall St News

These Fundamentals Make Prinx Chengshan (Cayman) Holding Limited (HKG:1809) Truly Worth Looking At

I've been keeping an eye on Prinx Chengshan (Cayman) Holding Limited (HKG:1809) because I'm attracted to its fundamentals. … If you're interested in understanding beyond my broad commentary, take a look at the report on Prinx Chengshan (Cayman) Holding here. … SEHK:1809 Historical Debt, July 3rd 2019 Next Steps: For Prinx Chengshan (Cayman) Holding, I've put together three relevant aspects you should look at: Historical Performance: What has 1809's returns been like over the past?

Simply Wall St -

What Prinx Chengshan (Cayman) Holding Limited's (HKG:1809) ROE Can Tell Us

We'll use ROE to examine Prinx Chengshan (Cayman) Holding Limited (HKG:1809), by way of a worked example. … Prinx Chengshan (Cayman) Holding has a ROE of 16%, based on the last twelve months. … See our latest analysis for Prinx Chengshan (Cayman) Holding?

Simply Wall St -

Is Prinx Chengshan (Cayman) Holding Limited's (HKG:1809) Balance Sheet Strong Enough To Weather A Storm?

While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Evaluating financial health as part of your investment thesis is. … Here are few basic financial health checks you should consider before taking the plunge.

Simply Wall St -

Prinx Chengshan (Cayman) Holding Limited (HKG:1809) Earns A Nice Return On Capital Employed

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … What is Return On Capital Employed (ROCE)? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

Read This Before You Buy Prinx Chengshan (Cayman) Holding Limited (HKG:1809) Because Of Its P/E Ratio

We'll show how you can use Prinx Chengshan (Cayman) Holding Limited's (HKG:1809) P/E ratio to inform your assessment of the investment opportunity. … Prinx Chengshan (Cayman) Holding has a price to earnings ratio of 8.49, based on the last twelve months. … Price to Earnings Ratio = Price per Share (in the reporting currency) ÷ Earnings per Share (EPS)

Simply Wall St -

A Note On Prinx Chengshan (Cayman) Holding Limited's (HKG:1809) ROE and Debt To Equity

To keep the lesson grounded in practicality, we'll use ROE to better understand Prinx Chengshan (Cayman) Holding Limited (HKG:1809). … Over the last twelve months Prinx Chengshan (Cayman) Holding has recorded a ROE of 13%. … Check out our latest analysis for Prinx Chengshan (Cayman) Holding?

Simply Wall St -

1809 Company Info

Description

Prinx Chengshan (Cayman) Holding Limited, an investment holding company, designs, manufactures, trades in, and distributes tires in the People's Republic of China, the Americas, Asia, Africa, the Middle East, and internationally. The company offers all 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. Prinx Chengshan (Cayman) Holding Limited was founded in 1976 and is headquartered in Tsim Sha Tsui, Hong Kong. Prinx Chengshan (Cayman) Holding Limited is a subsidiary of Chengshan Group Co., Ltd.

Details
Name: Prinx Chengshan (Cayman) Holding Limited
1809
Exchange: SEHK
Founded: 1976
HK$4,578,350,000
635,000,000
Website: http://www.prinxchengshan.com
Address: Prinx Chengshan (Cayman) Holding Limited
East Ocean Centre,
Room 803B,
Tsim Sha Tsui,
Kowloon, Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1809 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 09. Oct 2018
Number of employees
Current staff
Staff numbers
4,502
Prinx Chengshan (Cayman) Holding employees.
Industry
Tires and Rubber
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/22 01:45
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/06/21
Last earnings filing: 2019/02/27
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.