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1408

Macau E&M Holding SEHK:1408 Stock Report

Last Price

HK$0.28

Market Cap

HK$140.0m

7D

-3.4%

1Y

-12.5%

Updated

06 Aug, 2022

Data

Company Financials
1408 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends3/6

1408 Stock Overview

Macau E&M Holding Limited, an investment holding company, provides electrical and mechanical engineering contract works in Macau.

Macau E&M Holding Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Macau E&M Holding
Historical stock prices
Current Share PriceHK$0.28
52 Week HighHK$0.43
52 Week LowHK$0.21
Beta0
1 Month Change-12.50%
3 Month Change-20.00%
1 Year Change-12.50%
3 Year Changen/a
5 Year Changen/a
Change since IPO-90.21%

Recent News & Updates

Mar 30
A Look At The Fair Value Of Macau E&M Holding Limited (HKG:1408)

A Look At The Fair Value Of Macau E&M Holding Limited (HKG:1408)

In this article we are going to estimate the intrinsic value of Macau E&M Holding Limited ( HKG:1408 ) by taking the...

Shareholder Returns

1408HK ConstructionHK Market
7D-3.4%-1.7%-0.7%
1Y-12.5%-12.5%-20.5%

Return vs Industry: 1408 matched the Hong Kong Construction industry which returned -12.5% over the past year.

Return vs Market: 1408 exceeded the Hong Kong Market which returned -20.5% over the past year.

Price Volatility

Is 1408's price volatile compared to industry and market?
1408 volatility
1408 Average Weekly Movement9.9%
Construction Industry Average Movement6.9%
Market Average Movement6.6%
10% most volatile stocks in HK Market12.9%
10% least volatile stocks in HK Market3.1%

Stable Share Price: 1408 is more volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: 1408's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of Hong Kong stocks.

About the Company

FoundedEmployeesCEOWebsite
201156Ka Wo Cheonghttps://www.macauem.com

Macau E&M Holding Limited, an investment holding company, provides electrical and mechanical engineering contract works in Macau. The company engages in the supply, installation, maintenance, and repair of low voltage systems; heating, ventilation, and air-conditioning systems; and extra low voltage system works, as well as provides related testing and commissioning services. It also offers management and monitoring services; and repair and maintenance service for property and hospitality facilities.

Macau E&M Holding Fundamentals Summary

How do Macau E&M Holding's earnings and revenue compare to its market cap?
1408 fundamental statistics
Market CapMO$144.20m
Earnings (TTM)MO$26.24m
Revenue (TTM)MO$184.50m

5.5x

P/E Ratio

0.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
1408 income statement (TTM)
RevenueMO$184.50m
Cost of RevenueMO$141.06m
Gross ProfitMO$43.44m
Other ExpensesMO$17.20m
EarningsMO$26.24m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.052
Gross Margin23.54%
Net Profit Margin14.22%
Debt/Equity Ratio0%

How did 1408 perform over the long term?

See historical performance and comparison

Dividends

7.2%

Current Dividend Yield

40%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 1408 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1408?

Other financial metrics that can be useful for relative valuation.

1408 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/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 1408's PE Ratio compare to its peers?

1408 PE Ratio vs Peers
The above table shows the PE ratio for 1408 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average14.1x
1420 Chuan Holdings
17.1xn/aHK$145.1m
6038 G & M Holdings
4.4xn/aHK$162.0m
3789 Royal Deluxe Holdings
23.9xn/aHK$162.0m
1793 Wecon Holdings
10.8xn/aHK$153.6m
1408 Macau E&M Holding
5.5xn/aHK$140.0m

Price-To-Earnings vs Peers: 1408 is good value based on its Price-To-Earnings Ratio (5.5x) compared to the peer average (14.1x).


Price to Earnings Ratio vs Industry

How does 1408's PE Ratio compare vs other companies in the HK Construction Industry?

Price-To-Earnings vs Industry: 1408 is good value based on its Price-To-Earnings Ratio (5.5x) compared to the Hong Kong Construction industry average (11.1x)


Price to Earnings Ratio vs Fair Ratio

What is 1408'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.

1408 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 1408's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 1408 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 1408 (HK$0.28) is trading below our estimate of fair value (HK$0.48)

Significantly Below Fair Value: 1408 is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Macau E&M Holding 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


11.7%

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 Macau E&M Holding 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

  • Examine whether Macau E&M Holding is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • Macau E&M Holding competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Macau E&M Holding performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-2.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 1408 has high quality earnings.

Growing Profit Margin: 1408's current net profit margins (14.2%) are higher than last year (9.6%).


Past Earnings Growth Analysis

Earnings Trend: 1408's earnings have declined by 2.6% per year over the past 5 years.

Accelerating Growth: 1408's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 1408 had negative earnings growth (-1.6%) over the past year, making it difficult to compare to the Construction industry average (-13.2%).


Return on Equity

High ROE: 1408's Return on Equity (11.1%) is considered low.


Discover strong past performing companies

Financial Health

How is Macau E&M Holding's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 1408's short term assets (MOP259.1M) exceed its short term liabilities (MOP37.8M).

Long Term Liabilities: 1408's short term assets (MOP259.1M) exceed its long term liabilities (MOP693.0K).


Debt to Equity History and Analysis

Debt Level: 1408 is debt free.

Reducing Debt: 1408 has not had any debt for past 5 years.

Debt Coverage: 1408 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 1408 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Macau E&M Holding current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


7.25%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 1408's dividend (7.25%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.88%).

High Dividend: 1408's dividend (7.25%) is low compared to the top 25% of dividend payers in the Hong Kong market (8.38%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether 1408's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if 1408's dividend payments are increasing as they only just started paying a dividend.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (39.8%), 1408's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (45.9%), 1408's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

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

6.6yrs

Average management tenure


CEO

Ka Wo Cheong (42 yo)

no data

Tenure

Mr. Ka Wo Cheong is the Co-Founder, Chairman and Chief Executive Officer of Macau E&M Holding Ltd. and a Director of all of Macau E&M Holding Ltd.’s subsidiaries. He has been Director at Macau E&M Holding...


Leadership Team

Experienced Management: 1408's management team is seasoned and experienced (6.6 years average tenure).


Board Members

Experienced Board: 1408's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.


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

Macau E&M Holding Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Macau E&M Holding Limited
  • Ticker: 1408
  • Exchange: SEHK
  • Founded: 2011
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Implied Market Cap: HK$140.000m
  • Shares outstanding: 500.00m
  • Website: https://www.macauem.com

Number of Employees


Location

  • Macau E&M Holding Limited
  • Estrada Marginal do Hipodromo
  • 13 Andar D
  • Macau
  • Macau

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/06 00:00
End of Day Share Price2022/08/05 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.