1809 Stock Overview
Prinx Chengshan Holdings Limited, an investment holding company, together with its subsidiaries, designs, manufactures, trades in, and distributes tires in the People's Republic of China, Thailand, rest of Asia, the Americas, Africa, the Middle East, and internationally.
Prinx Chengshan Holdings Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||HK$7.25|
|52 Week High||HK$8.70|
|52 Week Low||HK$6.02|
|1 Month Change||0.56%|
|3 Month Change||-1.89%|
|1 Year Change||-14.71%|
|3 Year Change||0.42%|
|5 Year Change||n/a|
|Change since IPO||65.53%|
Recent News & Updates
|1809||HK Auto Components||HK Market|
Return vs Industry: 1809 exceeded the Hong Kong Auto Components industry which returned -30.9% over the past year.
Return vs Market: 1809 exceeded the Hong Kong Market which returned -23.3% over the past year.
|1809 Average Weekly Movement||5.1%|
|Auto Components Industry Average Movement||7.4%|
|Market Average Movement||7.0%|
|10% most volatile stocks in HK Market||13.8%|
|10% least volatile stocks in HK Market||3.3%|
Stable Share Price: 1809 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: 1809's weekly volatility (5%) has been stable over the past year.
About the Company
Prinx Chengshan Holdings Limited, an investment holding company, together with its subsidiaries, designs, manufactures, trades in, and distributes tires in the People's Republic of China, Thailand, rest of Asia, the Americas, Africa, the Middle East, and internationally. The company offers steel radial, semi-steel radial, and bias tires used in light and pick-up trucks, buses, mixed road or off-road vehicles, passenger vehicles, sport utility vehicles, and agricultural and industrial off-road vehicles 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; trading of inflatable and related products; and provides tire rentals.
Prinx Chengshan Holdings Fundamentals Summary
|1809 fundamental statistics|
Is 1809 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|1809 income statement (TTM)|
|Cost of Revenue||CN¥6.50b|
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
|Earnings per share (EPS)||0.43|
|Net Profit Margin||3.67%|
How did 1809 perform over the long term?See historical performance and comparison
2.7%Current Dividend Yield
Is 1809 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 3/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 1809?
Other financial metrics that can be useful for relative valuation.
|What is 1809's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does 1809's PE Ratio compare to its peers?
|1809 PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
Price-To-Earnings vs Peers: 1809 is good value based on its Price-To-Earnings Ratio (14.2x) compared to the peer average (74.3x).
Price to Earnings Ratio vs Industry
How does 1809's PE Ratio compare vs other companies in the Auto Components Industry?
Price-To-Earnings vs Industry: 1809 is good value based on its Price-To-Earnings Ratio (14.2x) compared to the Hong Kong Auto Components industry average (14.3x)
Price to Earnings Ratio vs Fair Ratio
What is 1809's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||14.2x|
|Fair PE Ratio||12.4x|
Price-To-Earnings vs Fair Ratio: 1809 is expensive based on its Price-To-Earnings Ratio (14.2x) compared to the estimated Fair Price-To-Earnings Ratio (12.4x).
Share Price vs Fair Value
What is the Fair Price of 1809 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 1809 (HK$7.25) is trading above our estimate of fair value (HK$6.76)
Significantly Below Fair Value: 1809 is trading above our estimate of fair value.
Price to Earnings Growth Ratio
PEG Ratio: 1809 is good value based on its PEG Ratio (0.3x)
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How is Prinx Chengshan Holdings forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Future Growth Score5/6
Future Growth Score 5/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 1809's forecast earnings growth (50.2% per year) is above the savings rate (1.5%).
Earnings vs Market: 1809's earnings (50.2% per year) are forecast to grow faster than the Hong Kong market (17% per year).
High Growth Earnings: 1809's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 1809's revenue (17.3% per year) is forecast to grow faster than the Hong Kong market (10.2% per year).
High Growth Revenue: 1809's revenue (17.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 1809's Return on Equity is forecast to be high in 3 years time (21.8%)
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How has Prinx Chengshan Holdings performed over the past 5 years?
Past Performance Score1/6
Past Performance Score 1/6
Growing Profit Margin
Earnings vs Industry
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 (3.7%) are lower than last year (9.6%).
Past Earnings Growth Analysis
Earnings Trend: 1809's earnings have grown by 11% per year over the past 5 years.
Accelerating Growth: 1809's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 1809 had negative earnings growth (-54.3%) over the past year, making it difficult to compare to the Auto Components industry average (-29.7%).
Return on Equity
High ROE: 1809's Return on Equity (7%) is considered low.
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How is Prinx Chengshan Holdings's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: 1809's short term assets (CN¥4.2B) exceed its short term liabilities (CN¥3.5B).
Long Term Liabilities: 1809's short term assets (CN¥4.2B) exceed its long term liabilities (CN¥1.7B).
Debt to Equity History and Analysis
Debt Level: 1809's net debt to equity ratio (27.1%) is considered satisfactory.
Reducing Debt: 1809's debt to equity ratio has reduced from 51.9% to 48.4% over the past 5 years.
Debt Coverage: 1809's debt is well covered by operating cash flow (20.1%).
Interest Coverage: 1809's interest payments on its debt are well covered by EBIT (30.6x coverage).
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What is Prinx Chengshan Holdings's current dividend yield, its reliability and sustainability?
Dividend Score 3/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 1809's dividend (2.74%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.74%).
High Dividend: 1809's dividend (2.74%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.89%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, 1809 has been paying a dividend for less than 10 years.
Growing Dividend: 1809 has only been paying a dividend for 3 years, and since then payments have fallen.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (37.5%), 1809's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 1809 is paying a dividend but the company has no free cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Baozhen Chen (38 yo)
Mr. Che Baozhen serves as an Executive Director at Prinx Chengshan Holdings Limited (formerly known as Prinx Chengshan (Cayman) Holding Limited) since May 22, 2015. He has also been the General Manager of...
CEO Compensation Analysis
Compensation vs Market: Baozhen's total compensation ($USD551.33K) is above average for companies of similar size in the Hong Kong market ($USD385.50K).
Compensation vs Earnings: Baozhen's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Experienced Management: 1809's management team is considered experienced (2 years average tenure).
Experienced Board: 1809's board of directors are considered experienced (4.3 years average tenure).
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 not been meaningfully diluted in the past year.
Prinx Chengshan Holdings Limited's employee growth, exchange listings and data sources
- Name: Prinx Chengshan Holdings Limited
- Ticker: 1809
- Exchange: SEHK
- Founded: 1976
- Industry: Tires and Rubber
- Sector: Automobiles
- Implied Market Cap: HK$4.614b
- Shares outstanding: 636.44m
- Website: https://www.prinxchengshan.com
Number of Employees
- Prinx Chengshan Holdings Limited
- No. 98 Nanshan North Road
- Shandong Province
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/25 00:00|
|End of Day Share Price||2022/06/24 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.