SEHK:138

Stock Analysis Report

Executive Summary

CCT Fortis Holdings Limited, an investment holding company, invests in, develops, and trades in real estate properties.


Snowflake Analysis

Imperfect balance sheet and overvalued.

Share Price & News

How has CCT Fortis Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 138's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-6.7%

138

2.1%

HK Industrials

2.9%

HK Market


1 Year Return

-54.5%

138

-16.1%

HK Industrials

-3.8%

HK Market

Return vs Industry: 138 underperformed the Hong Kong Industrials industry which returned -15.6% over the past year.

Return vs Market: 138 underperformed the Hong Kong Market which returned -2.9% over the past year.


Shareholder returns

138IndustryMarket
7 Day-6.7%2.1%2.9%
30 Day-15.7%-6.7%-4.1%
90 Day-30.0%-4.2%2.9%
1 Year-54.5%-54.5%-12.4%-16.1%-0.2%-3.8%
3 Year-62.5%-67.6%-8.2%-17.6%15.3%3.7%
5 Year-47.0%-60.2%-7.7%-37.3%16.8%-2.7%

Price Volatility Vs. Market

How volatile is CCT Fortis Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is CCT Fortis Holdings undervalued compared to its fair value and its price relative to the market?

0.1x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 138's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 138's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 138 is unprofitable, so we can't compare its PE Ratio to the Industrials industry average.

PE vs Market: 138 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 138's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 138 is good value based on its PB Ratio (0.1x) compared to the HK Industrials industry average (0.6x).


Next Steps

Future Growth

How is CCT Fortis Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

2.3%

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 CCT Fortis 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 CCT Fortis Holdings performed over the past 5 years?

-34.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 138 is currently unprofitable.

Growing Profit Margin: 138 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 138 is unprofitable, and losses have increased over the past 5 years at a rate of -34.8% per year.

Accelerating Growth: Unable to compare 138's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 138 is unprofitable, making it difficult to compare its past year earnings growth to the Industrials industry (3.7%).


Return on Equity

High ROE: 138 has a negative Return on Equity (-0.033%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is CCT Fortis Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 138's short term assets (HK$2.1B) exceed its short term liabilities (HK$928.0M).

Long Term Liabilities: 138's short term assets (HK$2.1B) exceed its long term liabilities (HK$1.8B).


Debt to Equity History and Analysis

Debt Level: 138's debt to equity ratio (67.9%) is considered high.

Reducing Debt: 138's debt to equity ratio has increased from 56.8% to 67.9% over the past 5 years.


Balance Sheet

Inventory Level: 138 has a high level of physical assets or inventory.

Debt Coverage by Assets: 138's debt is covered by short term assets (assets are 1x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: 138 has been profitable on average in the past, therefore cash runway is not a concern.

Forecast Cash Runway: 138 has been profitable on average in the past, therefore cash runway is not a concern.


Next Steps

Dividend

What is CCT Fortis Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%2.2%markettop25%6.3%industryaverage4.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate 138's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 138's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 138's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 138's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 138 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 138'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?

4.4yrs

Average management tenure


CEO

Clement Mak (65yo)

26.1yrs

Tenure

HK$10,000,000

Compensation

Mr. Shiu Tong Mak, also known as Clement, has been Chairman, Chief Executive Officer and President of China Pacific, Inc. since May 1994 and CCT Land Holdings Limited since August 2002. Mr. Mak has been Ch ...


CEO Compensation Analysis

Compensation vs Market: Clement's total compensation ($USD1.29M) is above average for companies of similar size in the Hong Kong market ($USD225.53K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Shiu Tong Mak
Executive Chairman & CEO26.1yrsHK$10.00m54.02% HK$169.8m
Ngai Hung Tam
Deputy Chairman14.2yrsHK$3.00m0.16% HK$496.8k
Yuk Ching Cheng
Executive Director22yrsHK$2.00mno data
Chi Wah Cheung
Group Financial Controller0yrsno datano data
Ka Chai Chan
General Counsel4.4yrsno datano data
Chun Kiu Mak
Chief Executive Officer of The Blackbird Automotive Group0yrsno datano data
John Brian Newman
Chief Operating Officer of Blackbird Automotive0yrsno datano data
Muk Hing Chan
Managing Director of AHM3.9yrsno datano data
Ka Kam Au
Managing Director of Hip Hing Loong Metal Works Limited3.6yrsno datano data

4.4yrs

Average Tenure

61yo

Average Age

Experienced Management: 138's management team is considered experienced (4.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Shiu Tong Mak
Executive Chairman & CEO26.1yrsHK$10.00m54.02% HK$169.8m
Ngai Hung Tam
Deputy Chairman14.2yrsHK$3.00m0.16% HK$496.8k
Yuk Ching Cheng
Executive Director22yrsHK$2.00mno data
Siu Ngor Chow
Independent Non-Executive Director6.9yrsno datano data
King-Ching Tam
Independent Non-Executive Director20.2yrsHK$240.00mno data
Li Chen
Independent Non-Executive Director12yrsHK$240.00mno data

17.2yrs

Average Tenure

65yo

Average Age

Experienced Board: 138's board of directors are seasoned and experienced ( 17.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: 138 insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

CCT Fortis Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: CCT Fortis Holdings Limited
  • Ticker: 138
  • Exchange: SEHK
  • Founded:
  • Industry: Industrial Conglomerates
  • Sector: Capital Goods
  • Market Cap: HK$314.320m
  • Shares outstanding: 873.11m
  • Website: https://www.cct-fortis.com

Number of Employees


Location

  • CCT Fortis Holdings Limited
  • CCT Telecom Building
  • 18th Floor
  • Shatin
  • New Territories
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
XT2ADB (Deutsche Boerse AG)YesOrdinary SharesDEEURJul 1992
138SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJul 1992

Biography

CCT Fortis Holdings Limited, an investment holding company, invests in, develops, and trades in real estate properties. Its property portfolio comprises residential houses, retail properties and shops, office properties, industrial properties, and car parks. The company also holds and trades in securities, financial assets, and treasury products; sells and distributes Ferrari cars, and provides after-sale services; acquires, trades in, and sells classic cars, as well as offers car logistic services; and produces, invests in, and distributes films. In addition, it leases audio and lighting equipment; provides stage engineering services for pop live concerts and events; manufactures plastic components; and trades in child products. Further, the company offers artist management, advertising, and finance services; invests and trades in time pieces; publishes magazines; and manufactures casings and parts. It operates in Mainland China, Hong Kong, Macau, Europe, North America, and internationally. The company was formerly known as CCT Telecom Holdings Limited. CCT Fortis Holdings Limited is headquartered in Shatin, Hong Kong. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/17 12:44
End of Day Share Price2020/02/17 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.