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1271

Grand Ming Group Holdings SEHK:1271 Stock Report

Last Price

HK$7.73

Market Cap

HK$11.0b

7D

1.0%

1Y

-3.0%

Updated

24 Jun, 2022

Data

Company Financials
1271 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance3/6
Financial Health2/6
Dividends3/6

1271 Stock Overview

Grand Ming Group Holdings Limited, an investment holding company, engages in the building construction, property leasing, and property development businesses in Hong Kong.

Grand Ming Group Holdings Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Grand Ming Group Holdings
Historical stock prices
Current Share PriceHK$7.73
52 Week HighHK$8.30
52 Week LowHK$7.40
Beta0.27
1 Month Change-3.25%
3 Month Change3.34%
1 Year Change-3.01%
3 Year Change226.16%
5 Year Change227.67%
Change since IPO2,389.87%

Recent News & Updates

Shareholder Returns

1271HK ConstructionHK Market
7D1.0%-1.1%1.2%
1Y-3.0%2.0%-23.3%

Return vs Industry: 1271 underperformed the Hong Kong Construction industry which returned 2% over the past year.

Return vs Market: 1271 exceeded the Hong Kong Market which returned -23.3% over the past year.

Price Volatility

Is 1271's price volatile compared to industry and market?
1271 volatility
1271 Average Weekly Movement2.2%
Construction Industry Average Movement7.0%
Market Average Movement7.0%
10% most volatile stocks in HK Market13.7%
10% least volatile stocks in HK Market3.3%

Stable Share Price: 1271 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: 1271's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1995185Chi Wah Lauhttps://www.grandming.com.hk

Grand Ming Group Holdings Limited, an investment holding company, engages in the building construction, property leasing, and property development businesses in Hong Kong. The Construction segment constructs residential and commercial buildings, as well as data centers. The Property Leasing segment is involved in leasing data centers.

Grand Ming Group Holdings Fundamentals Summary

How do Grand Ming Group Holdings's earnings and revenue compare to its market cap?
1271 fundamental statistics
Market CapHK$10.97b
Earnings (TTM)HK$148.05m
Revenue (TTM)HK$1.29b

74.1x

P/E Ratio

8.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
1271 income statement (TTM)
RevenueHK$1.29b
Cost of RevenueHK$1.05b
Gross ProfitHK$242.21m
Other ExpensesHK$94.16m
EarningsHK$148.05m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.10
Gross Margin18.74%
Net Profit Margin11.46%
Debt/Equity Ratio180.7%

How did 1271 perform over the long term?

See historical performance and comparison

Dividends

3.6%

Current Dividend Yield

77%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 1271 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1271?

Other financial metrics that can be useful for relative valuation.

1271 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue11.4x
Enterprise Value/EBITDA74.2x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 1271's PE Ratio compare to its peers?

1271 PE Ratio vs Peers
The above table shows the PE ratio for 1271 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average20.4x

Price-To-Earnings vs Peers: 1271 is expensive based on its Price-To-Earnings Ratio (74.1x) compared to the peer average (20.4x).


Price to Earnings Ratio vs Industry

How does 1271's PE Ratio compare vs other companies in the Hong Kong Construction Industry?

Price-To-Earnings vs Industry: 1271 is expensive based on its Price-To-Earnings Ratio (74.1x) compared to the Hong Kong Construction industry average (10.9x)


Price to Earnings Ratio vs Fair Ratio

What is 1271's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

1271 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio74.1x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 1271's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 1271 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 1271 (HK$7.73) is trading below our estimate of fair value (HK$21.43)

Significantly Below Fair Value: 1271 is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 1271's PEG Ratio to determine if it is good value.


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Future Growth

How is Grand Ming Group Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


11.2%

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.


Discover growth companies

  • 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.

Past Performance

How has Grand Ming Group Holdings performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-18.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 1271 has a large one-off gain of HK$66.5M impacting its September 30 2021 financial results.

Growing Profit Margin: 1271's current net profit margins (11.5%) are higher than last year (4.5%).


Past Earnings Growth Analysis

Earnings Trend: 1271's earnings have declined by 18% per year over the past 5 years.

Accelerating Growth: 1271's earnings growth over the past year (146.4%) exceeds its 5-year average (-18% per year).

Earnings vs Industry: 1271 earnings growth over the past year (146.4%) exceeded the Construction industry 0.5%.


Return on Equity

High ROE: 1271's Return on Equity (6.7%) is considered low.


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Financial Health

How is Grand Ming Group Holdings's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 1271's short term assets (HK$4.6B) do not cover its short term liabilities (HK$5.0B).

Long Term Liabilities: 1271's short term assets (HK$4.6B) exceed its long term liabilities (HK$2.7B).


Debt to Equity History and Analysis

Debt Level: 1271's net debt to equity ratio (169.3%) is considered high.

Reducing Debt: 1271's debt to equity ratio has increased from 87.9% to 180.7% over the past 5 years.

Debt Coverage: 1271's debt is well covered by operating cash flow (28.2%).

Interest Coverage: 1271's interest payments on its debt are not well covered by EBIT (2.6x coverage).


Balance Sheet


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Dividend

What is Grand Ming Group Holdings's current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


3.62%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 1271's dividend (3.62%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.76%).

High Dividend: 1271's dividend (3.62%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.89%).


Stability and Growth of Payments

Stable Dividend: 1271 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 1271's dividend payments have increased, but the company has only paid a dividend for 9 years.


Earnings Payout to Shareholders

Earnings Coverage: At its current payout ratio (76.7%), 1271's payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (30.4%), 1271's dividend payments are well covered by cash flows.


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Management

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

8.9yrs

Average board tenure


CEO

Chi Wah Lau (56 yo)

no data

Tenure

HK$3,169,000

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 ($USD403.73K) is below average for companies of similar size in the Hong Kong market ($USD585.06K).

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


Board Members

Experienced Board: 1271's board of directors are considered experienced (8.9 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 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
  • Implied Market Cap: HK$10.973b
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/24 00:00
End of Day Share Price2022/06/24 00:00
Earnings2021/09/30
Annual Earnings2021/03/31


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.