Grand Ming Group Holdings
Market Cap
HK$3.5b
Last Updated
2020/01/27 13:09 UTC
Data Sources
Company Financials
Executive Summary
Grand Ming Group Holdings Limited, an investment holding company, engages in the building construction, property leasing, and property development businesses in Hong Kong.
Snowflake Analysis
Imperfect balance sheet with poor track record.
Share Price & News
How has Grand Ming Group Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 1271 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
1.9%
1271
-2.7%
HK Construction
-3.4%
HK Market
1 Year Return
-0.6%
1271
-19.7%
HK Construction
-0.4%
HK Market
Return vs Industry: 1271 exceeded the Hong Kong Construction industry which returned -16.2% over the past year.
Return vs Market: 1271 matched the Hong Kong Market which returned -0.7% over the past year.
Shareholder returns
| 1271 | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.9% | -2.7% | -3.4% |
| 30 Day | 1.2% | -2.0% | -1.2% |
| 90 Day | 1.5% | -0.6% | 3.7% |
| 1 Year | 1.4%-0.6% | -15.8%-19.7% | 3.3%-0.4% |
| 3 Year | 21.3%14.7% | -29.4%-37.1% | 20.4%8.2% |
| 5 Year | 18.4%8.9% | -17.6%-29.8% | 19.6%-0.4% |
Price Volatility Vs. Market
How volatile is Grand Ming Group Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 days ago | Simply Wall St
Grand Ming Group Holdings Limited (HKG:1271) Delivered A Weaker ROE Than Its Industry2 weeks ago | Simply Wall St
How Should Investors Feel About Grand Ming Group Holdings Limited's (HKG:1271) CEO Pay?4 weeks ago | Simply Wall St
Here's Why Grand Ming Group Holdings (HKG:1271) Is Weighed Down By Its Debt LoadValuation
Is Grand Ming Group Holdings undervalued compared to its fair value and its price relative to the market?
24.4x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 1271 (HK$4.76) is trading above our estimate of fair value (HK$1.25)
Significantly Below Fair Value: 1271 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 1271 is poor value based on its PE Ratio (23.8x) compared to the Construction industry average (9.9x).
PE vs Market: 1271 is poor value based on its PE Ratio (23.8x) compared to the Hong Kong market (10.5x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 1271's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 1271 is overvalued based on its PB Ratio (1.2x) compared to the HK Construction industry average (1x).
Next Steps
Future Growth
How is Grand Ming Group Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
10.9%
Forecasted Capital Goods 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 Grand Ming Group Holdings 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.
Next Steps
- Take a look at our analysis of 1271’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- Grand Ming Group Holdings competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Capital Goods industry.
Past Performance
How has Grand Ming Group Holdings performed over the past 5 years?
-28.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 1271 has a large one-off gain of HK$36.9M impacting its September 30 2019 financial results.
Growing Profit Margin: 1271's current net profit margins (20%) are higher than last year (17.2%).
Past Earnings Growth Analysis
Earnings Trend: 1271's earnings have declined by -28.6% per year over the past 5 years.
Accelerating Growth: 1271's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 1271 had negative earnings growth (-6.6%) over the past year, making it difficult to compare to the Construction industry average (-12.3%).
Return on Equity
High ROE: 1271's Return on Equity (5%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Grand Ming Group Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: 1271's short term assets (HK$2.7B) exceed its short term liabilities (HK$1.2B).
Long Term Liabilities: 1271's short term assets (HK$2.7B) do not cover its long term liabilities (HK$3.3B).
Debt to Equity History and Analysis
Debt Level: 1271's debt to equity ratio (146.2%) is considered high.
Reducing Debt: 1271's debt to equity ratio has increased from 45.2% to 146.2% over the past 5 years.
Debt Coverage: 1271's debt is not well covered by operating cash flow (0.09%).
Interest Coverage: 1271's interest payments on its debt are well covered by EBIT (3.7x coverage).
Balance Sheet
Inventory Level: 1271 has a high level of physical assets or inventory.
Debt Coverage by Assets: 1271's debt is not covered by short term assets (assets are 0.7x debt).
Next Steps
Dividend
What is Grand Ming Group Holdings's current dividend yield, its reliability and sustainability?
2.01%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: 1271's dividend (2.06%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.17%).
High Dividend: 1271's dividend (2.06%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.02%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, 1271 has been paying a dividend for less than 10 years.
Growing Dividend: 1271's dividend payments have increased, but the company has only paid a dividend for 6 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (49.1%), 1271'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
What is the CEO of Grand Ming Group Holdings's salary, the management and board of directors tenure and is there insider trading?
6.5yrs
Average board tenure
CEO
Chi Lau (54yo)
0yrs
Tenure
HK$2,565,000
Compensation
Mr. Chi Wah Lau serves as the Chief Executive Officer and Executive Director of Grand Ming Group Holdings Limited. Mr. Lau holds a Honour Diploma in Accountancy from the Lingnan College (now known as the L ...
CEO Compensation Analysis
Compensation vs Market: Chi's total compensation ($USD329.89K) is about average for companies of similar size in the Hong Kong market ($USD340.45K).
Compensation vs Earnings: Chi's compensation has been consistent with company performance over the past year.
Board Age and Tenure
6.5yrs
Average Tenure
61.5yo
Average Age
Experienced Board: 1271's board of directors are considered experienced (6.5 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.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Matthew Leung (53yo)
Company Secretary
- Tenure: 6.5yrs
Hung Ming Chan (65yo)
Executive Chairman
- Compensation: HK$2.56m
Chi Lau (54yo)
CEO & Executive Director
- Compensation: HK$2.57m
Ying Wai Yuen (56yo)
Executive Director
- Compensation: HK$2.65m
Wing Wo Kwan (51yo)
CFO & Executive Director
- Compensation: HK$2.54m
King Fung Ngan (52yo)
Director of Sales & Marketing
Board Members
Bill Mok (58yo)
Independent Non-Executive Director
- Tenure: 6.5yrs
- Compensation: HK$358.00k
Hung Ming Chan (65yo)
Executive Chairman
- Compensation: HK$2.56m
Chi Lau (54yo)
CEO & Executive Director
- Compensation: HK$2.57m
Ying Wai Yuen (56yo)
Executive Director
- Compensation: HK$2.65m
Wing Wo Kwan (51yo)
CFO & Executive Director
- Compensation: HK$2.54m
Ka Tsui (66yo)
Independent Non-Executive Director
- Tenure: 6.5yrs
- Compensation: HK$358.00k
Yau Kan (66yo)
Independent Non-Executive Director
- Tenure: 6.5yrs
- Compensation: HK$358.00k
Johnny Lee (75yo)
Independent Non-Executive Director
- Tenure: 6.5yrs
- Compensation: HK$358.00k
Company Information
Grand Ming Group Holdings Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Grand Ming Group Holdings Limited
- Ticker: 1271
- Exchange: SEHK
- Founded: 1995
- Industry: Construction and Engineering
- Sector: Capital Goods
- Market Cap: HK$3.457b
- Shares outstanding: 709.77m
- Website: https://www.grandming.com.hk
Number of Employees
Location
- Grand Ming Group Holdings Limited
- Railway Plaza
- 22nd Floor
- Tsim Sha Tsui
- Kowloon
- Hong Kong
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 1271 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Aug 2013 |
Biography
Grand Ming Group Holdings Limited, an investment holding company, engages in the building construction, property leasing, and property development businesses in Hong Kong. Its Construction segment constructs residential and commercial buildings, as well as data centers. The company’s Property Leasing segment is involved in the lease of data centers and office premises. Its Property Development segment develops and sells residential properties. The company was founded in 1995 and is headquartered in Tsim Sha Tsui, Hong Kong. Grand Ming Group Holdings Limited is a subsidiary of Chan HM Company Limited.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/01/27 13:09 |
| End of Day Share Price | 2020/01/24 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2019/03/31 |
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.