SEHK:1899

Stock Analysis Report

Xingda International Holdings

Executive Summary

Xingda International Holdings Limited, an investment holding company, engages in the manufacture and trading of radial tire cords, steel cords, bead wires, and other wires.

Snowflake

Fundamentals

Undervalued with excellent balance sheet and pays a dividend.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

5.9%

1899

-1.5%

HK Auto Components

0.3%

HK Market


1 Year Return

5.9%

1899

-14.4%

HK Auto Components

1.3%

HK Market

Return vs Industry: 1899 exceeded the Hong Kong Auto Components industry which returned -14.4% over the past year.

Return vs Market: 1899 exceeded the Hong Kong Market which returned 1.3% over the past year.


Shareholder returns

1899IndustryMarket
7 Day5.9%-1.5%0.3%
30 Day3.4%-1.8%0.5%
90 Day0.9%-5.0%-4.6%
1 Year13.8%5.9%-11.4%-14.4%4.9%1.3%
3 Year-24.4%-36.7%-18.5%-24.5%15.3%3.7%
5 Year6.2%-20.4%32.4%17.6%20.0%-0.006%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Xingda International 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: 1899 (HK$2.14) is trading below our estimate of fair value (HK$11.76)

Significantly Below Fair Value: 1899 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 1899 is good value based on its PE Ratio (9.7x) compared to the Auto Components industry average (11.5x).

PE vs Market: 1899 is good value based on its PE Ratio (9.7x) compared to the Hong Kong market (10.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 1899's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 1899 is good value based on its PB Ratio (0.5x) compared to the HK Auto Components industry average (1.1x).


Next Steps

Future Growth

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

20.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1899's forecast earnings growth (20.3% per year) is above the savings rate (2%).

Earnings vs Market: 1899's earnings (20.3% per year) are forecast to grow faster than the Hong Kong market (11.1% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if 1899's revenue is forecast to grow faster than the Hong Kong market.

High Growth Revenue: Insufficient data to determine if 1899'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 1899's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

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

-2.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 1899's earnings have declined by -2.6% per year over the past 5 years.

Accelerating Growth: 1899's earnings growth over the past year (46.7%) exceeds its 5-year average (-2.6% per year).

Earnings vs Industry: 1899 earnings growth over the past year (46.7%) exceeded the Auto Components industry 4.4%.


Return on Equity

High ROE: 1899's Return on Equity (5.7%) is considered low.


Return on Assets

ROA vs Industry: 1899's Return on Assets is below or equal to the Auto Components industry average last year.


Return on Capital Employed

ROCE Improving: 1899 has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Xingda International Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 1899's short term assets (CN¥7.5B) exceeds its short term liabilities (CN¥5.8B)

Long Term Liabilities: 1899's short term assets (7.5B) exceeds its long term liabilities (313.6M)


Debt to Equity History and Analysis

Debt Level: 1899's debt to equity ratio (30.8%) is considered satisfactory

Reducing Debt: 1899's debt to equity ratio has increased from 13% to 30.8% over the past 5 years.

Debt Coverage: 1899's debt is well covered by operating cash flow (55.9%).

Interest Coverage: 1899 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: 1899 has a high level of physical assets or inventory.

Debt Coverage by Assets: 1899's debt is covered by short term assets (assets are 3.207580x debt).


Next Steps

Dividend

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

6.81%

Current Dividend Yield


Dividend Yield vs Market

company6.8%marketbottom25%2.3%markettop25%6.2%industryaverage4.3%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: 1899's dividend (6.81%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.26%).

High Dividend: 1899's dividend (6.81%) is in the top 25% of dividend payers in the Hong Kong market (6.18%)

Stable Dividend: 1899's dividend payments have been volatile in the past 10 years.

Growing Dividend: 1899's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (65.7%), 1899's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

14.2yrs

Average board tenure


CEO

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


Board Age and Tenure

14.2yrs

Average Tenure

63yo

Average Age

Experienced Board: 1899's board of directors are seasoned and experienced ( 14.2 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

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Jinlan Liu
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Max PriceCN¥2.31
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JPMorgan Chase & Co, Private Banking and Investment Banking Investments
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SellCN¥1,751,84324 Dec 18
COFCO Corporation
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Executive Chairman
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Max PriceCN¥2.04

Ownership Breakdown


Management Team

  • Yuxiao Zhang (49yo)

    CFO & Executive Director

    • Tenure: 14.2yrs
    • Compensation: CN¥4.82m
  • Xiang Liu (42yo)

    Executive Director

    • Tenure: 14.2yrs
    • Compensation: CN¥7.28m
  • Jinxiang Tao (56yo)

    Executive Director

    • Tenure: 14.2yrs
    • Compensation: CN¥7.48m
  • Jinlan Liu (69yo)

    Executive Chairman

    • Tenure: 14.5yrs
    • Compensation: CN¥11.07m
  • Kam Cheng (43yo)

    Company Secretary

    • Tenure: 11.3yrs

Board Members

  • William Sharp (77yo)

    Independent Vice Chairman

    • Tenure: 3.8yrs
    • Compensation: CN¥402.00k
  • Louis Koo (63yo)

    Independent & Non-Executive Director

    • Tenure: 14.2yrs
    • Compensation: CN¥402.00k
  • Yuxiao Zhang (49yo)

    CFO & Executive Director

    • Tenure: 14.2yrs
    • Compensation: CN¥4.82m
  • Xiang Liu (42yo)

    Executive Director

    • Tenure: 14.2yrs
    • Compensation: CN¥7.28m
  • Jinxiang Tao (56yo)

    Executive Director

    • Tenure: 14.2yrs
    • Compensation: CN¥7.48m
  • Jinlan Liu (69yo)

    Executive Chairman

    • Tenure: 14.5yrs
    • Compensation: CN¥11.07m
  • Chunhua Xu (75yo)

    Independent & Non-Executive Director

    • Tenure: 14.2yrs
    • Compensation: CN¥343.00k

Company Information

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


Key Information

  • Name: Xingda International Holdings Limited
  • Ticker: 1899
  • Exchange: SEHK
  • Founded:
  • Industry: Tires and Rubber
  • Sector: Automobiles
  • Market Cap: HK$3.293b
  • Shares outstanding: 1.54b
  • Website: https://www.xingda.com.cn

Number of Employees


Location

  • Xingda International Holdings Limited
  • No. 20, Yunling East Road
  • 6th Floor
  • Shanghai
  • 200062
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1899SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDDec 2006
XDHDB (Deutsche Boerse AG)YesOrdinary SharesDEEURDec 2006
XNGI.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDDec 2006

Biography

Xingda International Holdings Limited, an investment holding company, engages in the manufacture and trading of radial tire cords, steel cords, bead wires, and other wires. The company’s steel cords and be ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/23 12:42
End of Day Share Price2019/10/23 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.