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1111

Chong Hing BankSEHK:1111 Stock Report

Market Cap

HK$20.3b

7D

0%

1Y

132.7%

Updated

01 Oct, 2021

Data

Company Financials
1111 fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance1/6
Financial Health6/6
Dividends1/6

1111 Overview

Chong Hing Bank Limited provides banking and related financial services.

Price History & Performance

Summary of all time highs, changes and price drops for Chong Hing Bank
Historical stock prices
Current Share PriceHK$20.90
52 Week HighHK$8.80
52 Week LowHK$20.90
Beta0.64
1 Month Change0.48%
3 Month Change2.45%
1 Year Change132.74%
3 Year Change51.23%
5 Year Change33.12%
Change since IPO102.91%

Recent News & Updates

Shareholder Returns

1111HK BanksHK Market
7D0%-0.1%-0.3%
1Y132.7%7.7%5.0%

Return vs Industry: 1111 exceeded the Hong Kong Banks industry which returned 12.6% over the past year.

Return vs Market: 1111 exceeded the Hong Kong Market which returned 8.4% over the past year.

Price Volatility

Is 1111's price volatile compared to industry and market?
1111 volatility
1111 Beta0.64
Industry Beta0.61
Market Beta1

Stable Share Price: 1111 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 1% a week.

Volatility Over Time: 1111's weekly volatility has decreased from 9% to 1% over the past year.

About the Company

FoundedEmployeesCEOWebsite
19481,758Jianxin Zonghttps://www.chbank.com

Chong Hing Bank Limited provides banking and related financial services. The company offers fixed deposits, current and savings accounts, lending and trade finance facilities, auto financing, consumer financing, overdraft facilities, provident fund services, credit cards, and personal wealth management services. It also provides automated telephone and Internet banking services; and other banking services, including remittance and money exchange, safe deposit boxes, autopay, and direct debit.

Chong Hing Bank Fundamentals Summary

How do Chong Hing Bank's earnings and revenue compare to its market cap?
1111 fundamental statistics
Market CapHK$20.33b
Earnings (TTM)HK$1.48b
Revenue (TTM)HK$3.71b

13.8x

P/E Ratio

0.7x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
1111 income statement (TTM)
RevenueHK$3.71b
Cost of RevenueHK$0
Gross ProfitHK$3.71b
ExpensesHK$2.23b
EarningsHK$1.48b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.52
Gross Margin100.00%
Net Profit Margin39.79%
Debt/Equity Ratio24.8%

How did 1111 perform over the long term?

See historical performance and comparison

Dividends

1.6%

Current Dividend Yield

22%

Payout Ratio

Valuation

Is Chong Hing Bank undervalued compared to its fair value and its price relative to the market?

10.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 1111 (HK$20.9) is trading below our estimate of fair value (HK$23.28)

Significantly Below Fair Value: 1111 is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: 1111 is poor value based on its PE Ratio (13.8x) compared to the Hong Kong Banks industry average (5.7x).

PE vs Market: 1111 is poor value based on its PE Ratio (13.8x) compared to the Hong Kong market (9.7x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 1111's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 1111 is overvalued based on its PB Ratio (0.7x) compared to the HK Banks industry average (0.4x).


Future Growth

How is Chong Hing Bank forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

6.8%

Forecasted Banks industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Chong Hing Bank has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Chong Hing Bank performed over the past 5 years?

6.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1111 has a high level of non-cash earnings.

Growing Profit Margin: 1111's current net profit margins (39.8%) are lower than last year (41.8%).


Past Earnings Growth Analysis

Earnings Trend: 1111's earnings have grown by 6% per year over the past 5 years.

Accelerating Growth: 1111's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 1111 had negative earnings growth (-4.5%) over the past year, making it difficult to compare to the Banks industry average (6.4%).


Return on Equity

High ROE: 1111's Return on Equity (6%) is considered low.


Financial Health

How is Chong Hing Bank's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: 1111's Assets to Equity ratio (8.4x) is low.

Allowance for Bad Loans: 1111 has a sufficient allowance for bad loans (127%).

Low Risk Liabilities: 95% of 1111's liabilities are made up of primarily low risk sources of funding.

Loan Level: 1111 has an appropriate level of Loans to Assets ratio (63%).

Low Risk Deposits: 1111's Loans to Deposits ratio (75%) is appropriate.

Level of Bad Loans: 1111 has an appropriate level of bad loans (0.6%).


Dividend

What is Chong Hing Bank current dividend yield, its reliability and sustainability?

1.63%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 1111's dividend (1.63%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.3%).

High Dividend: 1111's dividend (1.63%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.78%).


Stability and Growth of Payments

Stable Dividend: 1111's dividend payments have been volatile in the past 10 years.

Growing Dividend: 1111's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (22.4%), 1111's dividend payments are well 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

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

3.7yrs

Average management tenure


CEO

Jianxin Zong (54 yo)

4.42yrs

Tenure

HK$13,009,000

Compensation

Mr. Jianxin Zong has been Chief Executive Officer of Chong Hing Bank Limited since April 19, 2017 and served as its Deputy Managing Director since May 20, 2015 until May 18, 2018. Mr. Zong is an Executive...


CEO Compensation Analysis

Compensation vs Market: Jianxin's total compensation ($USD1.67M) is above average for companies of similar size in the Hong Kong market ($USD722.80K).

Compensation vs Earnings: Jianxin's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: 1111's management team is considered experienced (3.7 years average tenure).


Board Members

Experienced Board: 1111's board of directors are considered experienced (7.6 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Chong Hing Bank Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Chong Hing Bank Limited
  • Ticker: 1111
  • Exchange: SEHK
  • Founded: 1948
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: HK$20.333b
  • Shares outstanding: 972.86m
  • Website: https://www.chbank.com

Number of Employees


Location

  • Chong Hing Bank Limited
  • Chong Hing Bank Centre
  • Ground Floor
  • Central
  • Hong Kong

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/01 10:02
End of Day Share Price2021/09/02 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.