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 Analysis

Solid track record 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

Stable Share Price: 1899 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

6.8%

1899

6.7%

HK Auto Components

7.4%

HK Market


1 Year Return

-23.5%

1899

-38.8%

HK Auto Components

-22.7%

HK Market

Return vs Industry: 1899 exceeded the Hong Kong Auto Components industry which returned -38% over the past year.

Return vs Market: 1899 underperformed the Hong Kong Market which returned -20.3% over the past year.


Shareholder returns

1899IndustryMarket
7 Day6.8%6.7%7.4%
30 Day-18.2%-20.3%-11.2%
90 Day-12.9%-26.2%-17.3%
1 Year-17.8%-23.5%-36.6%-38.8%-19.9%-22.7%
3 Year-30.5%-41.8%-41.9%-46.2%-5.3%-14.8%
5 Year6.0%-20.6%-13.8%-23.3%-8.7%-23.4%

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?

18.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 1899 (HK$1.89) is trading below our estimate of fair value (HK$2.33)

Significantly Below Fair Value: 1899 is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: 1899 is good value based on its PE Ratio (9x) compared to the Auto Components industry average (10.5x).

PE vs Market: 1899 is poor value based on its PE Ratio (9x) compared to the Hong Kong market (9x).


Price to Earnings Growth Ratio

PEG Ratio: 1899 is good value based on its PEG Ratio (0.4x)


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 (0.7x).


Next Steps

Future Growth

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

20.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1899's forecast earnings growth (20.1% per year) is above the savings rate (1.6%).

Earnings vs Market: 1899's earnings (20.1% per year) are forecast to grow faster than the Hong Kong market (12.8% per year).

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

Revenue vs Market: 1899's revenue (3.9% per year) is forecast to grow slower than the Hong Kong market (9.9% per year).

High Growth Revenue: 1899's revenue (3.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 1899's Return on Equity is forecast to be low in 3 years time (7.6%).


Next Steps

Past Performance

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

3.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1899 has high quality earnings.

Growing Profit Margin: 1899's current net profit margins (3.8%) are higher than last year (3.5%).


Past Earnings Growth Analysis

Earnings Trend: 1899's earnings have grown by 3.4% per year over the past 5 years.

Accelerating Growth: 1899's earnings growth over the past year (9.5%) exceeds its 5-year average (3.4% per year).

Earnings vs Industry: 1899 earnings growth over the past year (9.5%) exceeded the Auto Components industry -22.1%.


Return on Equity

High ROE: 1899's Return on Equity (5.3%) is considered low.


Next Steps

Financial Health

How is Xingda International Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 1899's short term assets (CN¥6.9B) exceed its short term liabilities (CN¥5.7B).

Long Term Liabilities: 1899's short term assets (CN¥6.9B) exceed its long term liabilities (CN¥314.2M).


Debt to Equity History and Analysis

Debt Level: 1899's debt to equity ratio (27.8%) is considered satisfactory.

Reducing Debt: 1899's debt to equity ratio has increased from 11.7% to 27.8% over the past 5 years.

Debt Coverage: 1899's debt is well covered by operating cash flow (23.4%).

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 3.2x debt).


Next Steps

Dividend

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

7.75%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 1899's dividend (7.75%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.67%).

High Dividend: 1899's dividend (7.75%) is in the top 25% of dividend payers in the Hong Kong market (7.29%)


Stability and Growth of Payments

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 (70.1%), 1899's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 1899's dividends in 3 years are forecast to be covered by earnings (75.9% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

14.6yrs

Average board tenure


CEO

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


Board Members

NamePositionTenureCompensationOwnership
Jinlan Liu
Executive Chairman14.92yrsCN¥11.07m17.2% CN¥518.8m
Yuxiao Zhang
CFO & Executive Director14.58yrsCN¥4.82m2.94% CN¥88.6m
Xiang Liu
Executive Director14.58yrsCN¥7.28m10.41% CN¥313.9m
Jinxiang Tao
Executive Director14.58yrsCN¥7.48m7.79% CN¥235.1m
William Sharp
Independent Vice Chairman4.17yrsCN¥402.00k0.018% CN¥557.6k
Fook Sun Koo
Independent & Non-Executive Director14.58yrsCN¥402.00k0.022% CN¥663.5k
Chunhua Xu
Independent & Non-Executive Director14.58yrsCN¥343.00k0.0033% CN¥98.6k

14.6yrs

Average Tenure

63yo

Average Age

Experienced Board: 1899's board of directors are seasoned and experienced ( 14.6 years average tenure).


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.1%.


Top Shareholders

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$3.016b
  • Shares outstanding: 1.53b
  • 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 bead wires are used in car, light truck, cargo truck, heavy equipment, other rubber products. It also offers hose wires for machinery, aviation, automotive, marine, oil drilling, and other applications; and sawing wires for use in semiconductors, photovoltaics, solar panels, integrated circuits, watches, lasers, crystal industries, etc. The company sells its products in the People's Republic of China, India, the United States, Korea, Germany, and internationally. Xingda International Holdings Limited is headquartered in Shanghai, the People's Republic of China. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/30 13:02
End of Day Share Price2020/03/30 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.