SEHK:1271

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Grand Ming Group Holdings

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


Snowflake Analysis

Imperfect balance sheet with weak fundamentals.

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 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 1271's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

2.1%

1271

-7.3%

HK Construction

0.4%

HK Market


1 Year Return

100.0%

1271

-15.4%

HK Construction

11.0%

HK Market

Return vs Industry: 1271 exceeded the Hong Kong Construction industry which returned -15.4% over the past year.

Return vs Market: 1271 exceeded the Hong Kong Market which returned 11% over the past year.


Shareholder returns

1271IndustryMarket
7 Day2.1%-7.3%0.4%
30 Day4.3%-6.6%7.0%
90 Day6.6%-7.4%6.4%
1 Year125.3%100.0%-11.2%-15.4%15.5%11.0%
3 Year150.0%113.2%-30.3%-38.7%4.1%-6.8%
5 Year177.6%129.2%-29.3%-41.5%34.9%12.3%

Long-Term 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

Valuation

Is Grand Ming Group Holdings undervalued compared to its fair value and its price relative to the market?

114.57x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 1271 (HK$4.85) is trading above our estimate of fair value (HK$0.72)

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 (114.6x) compared to the HK Construction industry average (7.8x).

PE vs Market: 1271 is poor value based on its PE Ratio (114.6x) 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 (2.8x) 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?

13.5%

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

Past Performance

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

-33.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1271 has a large one-off loss of HK$42.3M impacting its September 30 2020 financial results.

Growing Profit Margin: 1271's current net profit margins (4.5%) are lower than last year (19.9%).


Past Earnings Growth Analysis

Earnings Trend: 1271's earnings have declined by 33% 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 (-57.4%) over the past year, making it difficult to compare to the Construction industry average (-9.8%).


Return on Equity

High ROE: 1271's Return on Equity (2.5%) 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$4.4B) exceed its short term liabilities (HK$3.2B).

Long Term Liabilities: 1271's short term assets (HK$4.4B) exceed its long term liabilities (HK$3.7B).


Debt to Equity History and Analysis

Debt Level: 1271's debt to equity ratio (173.9%) is considered high.

Reducing Debt: 1271's debt to equity ratio has increased from 46.8% to 173.9% 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 (3x coverage).


Balance Sheet


Next Steps

Dividend

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

0.82%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 1271's dividend (0.82%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.2%).

High Dividend: 1271's dividend (0.82%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.59%).


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?

7.4yrs

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 ($USD424.16K) is about average for companies of similar size in the Hong Kong market ($USD460.76K).

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

NamePositionTenureCompensationOwnership
Hung Ming Chan
Executive Chairmanno dataHK$3.27m67.39%
HK$ 4.6b
Chi Wah Lau
CEO & Executive Directorno dataHK$3.29m7.49%
HK$ 510.2m
Wing Wo Kwan
CFO & Executive Directorno dataHK$3.11mno data
Ying Wai Yuen
Executive Directorno dataHK$3.29mno data
Kwai Pui Mok
Independent Non-Executive Director7.42yrsHK$460.00kno data
Ka Wah Tsui
Independent Non-Executive Director7.42yrsHK$460.00kno data
Yau Wo Kan
Independent Non-Executive Director7.42yrsHK$460.00kno data
Chung Yiu Lee
Independent Non-Executive Director7.42yrsHK$460.00kno data

7.4yrs

Average Tenure

62.5yo

Average Age

Experienced Board: 1271's board of directors are considered experienced (7.4 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$6.814b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1271SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDAug 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/03 10:20
End of Day Share Price2020/12/03 00:00
Earnings2020/09/30
Annual Earnings2020/03/31


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.