Grand Ming Group Holdings
Market Cap
HK$6.5b
Last Updated
2020/10/22 12:33 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. More Details
Risk Analysis
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
-6.2%
1271
1.8%
HK Construction
0.1%
HK Market
1 Year Return
88.4%
1271
-12.4%
HK Construction
2.0%
HK Market
Return vs Industry: 1271 exceeded the Hong Kong Construction industry which returned -12.4% over the past year.
Return vs Market: 1271 exceeded the Hong Kong Market which returned 2% over the past year.
Shareholder returns
| 1271 | Industry | Market | |
|---|---|---|---|
| 7 Day | -6.2% | 1.8% | 0.1% |
| 30 Day | -0.2% | 4.6% | 2.4% |
| 90 Day | 11.1% | 3.3% | -0.4% |
| 1 Year | 112.2%88.4% | -7.8%-12.4% | 6.3%2.0% |
| 3 Year | 132.1%97.8% | -36.3%-44.2% | -5.7%-16.0% |
| 5 Year | 192.3%141.7% | -37.8%-48.4% | 16.4%-3.4% |
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
3 weeks ago | Simply Wall St
Grand Ming Group Holdings (HKG:1271) Has Gifted Shareholders With A Fantastic 186% Total Return On Their Investment1 month ago | Simply Wall St
Why Grand Ming Group Holdings' (HKG:1271) CEO Pay Matters2 months ago | Simply Wall St
Should You Be Concerned About Grand Ming Group Holdings Limited's (HKG:1271) ROE?Valuation
Is Grand Ming Group Holdings undervalued compared to its fair value and its price relative to the market?
190.52x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 1271 (HK$4.54) is trading above our estimate of fair value (HK$0.45)
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 (190.5x) compared to the HK Construction industry average (9.1x).
PE vs Market: 1271 is poor value based on its PE Ratio (190.5x) compared to the Hong Kong market (11.1x).
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 (2.7x) compared to the HK Construction industry average (0.8x).
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?
12.7%
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?
-27.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 1271 has high quality earnings.
Growing Profit Margin: 1271's current net profit margins (3.7%) are lower than last year (24.3%).
Past Earnings Growth Analysis
Earnings Trend: 1271's earnings have declined by 27.9% 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 (-77.3%) over the past year, making it difficult to compare to the Construction industry average (-5.6%).
Return on Equity
High ROE: 1271's Return on Equity (1.4%) is considered low.
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$5.0B) exceed its short term liabilities (HK$3.5B).
Long Term Liabilities: 1271's short term assets (HK$5.0B) exceed its long term liabilities (HK$3.7B).
Debt to Equity History and Analysis
Debt Level: 1271's debt to equity ratio (179%) is considered high.
Reducing Debt: 1271's debt to equity ratio has increased from 50.9% to 179% over the past 5 years.
Debt Coverage: 1271's debt is not well covered by operating cash flow (2%).
Interest Coverage: 1271's interest payments on its debt are not well covered by EBIT (1.8x coverage).
Balance Sheet
Next Steps
Dividend
What is Grand Ming Group Holdings's current dividend yield, its reliability and sustainability?
0.88%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 1271's dividend (0.88%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.23%).
High Dividend: 1271's dividend (0.88%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.86%).
Stability and Growth of Payments
Stable Dividend: 1271 is not paying a notable dividend for the Hong Kong market, therefore no need to check if payments are stable.
Growing Dividend: 1271 is not paying a notable dividend for the Hong Kong market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: 1271 is not paying a notable dividend for the Hong Kong market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 1271's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
7.3yrs
Average board tenure
CEO
Chi Wah Lau (55 yo)
no data
Tenure
HK$3,288,000
Compensation
Mr. Chi Wah Lau serves as the Chief Executive Officer and Executive Director of Grand Ming Group Holdings Limited. Mr. Lau holds a Honour Diploma in Accountancy from the Lingnan College (now known as the L ...
CEO Compensation Analysis
Compensation vs Market: Chi Wah's total compensation ($USD424.25K) is about average for companies of similar size in the Hong Kong market ($USD476.75K).
Compensation vs Earnings: Chi Wah's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | no data | HK$3.27m | 67.39% HK$ 4.4b | |
| CEO & Executive Director | no data | HK$3.29m | 7.49% HK$ 486.8m | |
| CFO & Executive Director | no data | HK$3.11m | no data | |
| Executive Director | no data | HK$3.29m | no data | |
| Independent Non-Executive Director | 7.25yrs | HK$460.00k | no data | |
| Independent Non-Executive Director | 7.25yrs | HK$460.00k | no data | |
| Independent Non-Executive Director | 7.25yrs | HK$460.00k | no data | |
| Independent Non-Executive Director | 7.25yrs | HK$460.00k | no data |
7.3yrs
Average Tenure
62.5yo
Average Age
Experienced Board: 1271's board of directors are considered experienced (7.3 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
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$6.502b
- Shares outstanding: 1.42b
- 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. It operates through Construction, ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/22 12:33 |
| End of Day Share Price | 2020/10/22 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2020/03/31 |
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.