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Gold-Finance Holdings

SEHK:1462
Snowflake Description

Solid track record and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1462
SEHK
HK$291M
Market Cap
  1. Home
  2. HK
  3. Capital Goods
Company description

Gold-Finance Holdings Limited, an investment holding company, primarily provides building services in the People’s Republic of China. The last earnings update was 209 days ago. More info.


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  • Gold-Finance Holdings has significant price volatility in the past 3 months.
1462 Share Price and Events
7 Day Returns
0%
SEHK:1462
-2.9%
HK Construction
-1.1%
HK Market
1 Year Returns
-96.5%
SEHK:1462
-12.5%
HK Construction
-6.5%
HK Market
1462 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Gold-Finance Holdings (1462) 0% 0% -81.1% -96.5% -88.2% -
HK Construction -2.9% -5.5% -14.3% -12.5% -23.2% -2%
HK Market -1.1% 3.4% -7.7% -6.5% 17.4% 4.2%
1 Year Return vs Industry and Market
  • 1462 underperformed the Construction industry which returned -12.5% over the past year.
  • 1462 underperformed the Market in Hong Kong which returned -6.5% over the past year.
Price Volatility
1462
Industry
5yr Volatility vs Market

1462 Value

 Is Gold-Finance Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Gold-Finance Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Gold-Finance Holdings.

SEHK:1462 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 13.4%
Perpetual Growth Rate 10-Year HK Government Bond Rate 2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SEHK:1462
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6.7%
Construction Unlevered Beta Simply Wall St/ S&P Global 1.04
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.043 (1 + (1- 25%) (129.38%))
1.707
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.71
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.707 * 6.65%)
13.35%

Discounted Cash Flow Calculation for SEHK:1462 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Gold-Finance Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

SEHK:1462 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 13.35%)
2020 42.19 Est @ -28.1% 37.22
2021 34.14 Est @ -19.07% 26.57
2022 29.79 Est @ -12.75% 20.45
2023 27.31 Est @ -8.32% 16.54
2024 25.89 Est @ -5.22% 13.83
2025 25.09 Est @ -3.06% 11.83
2026 24.71 Est @ -1.54% 10.28
2027 24.59 Est @ -0.48% 9.02
2028 24.66 Est @ 0.27% 7.98
2029 24.85 Est @ 0.79% 7.10
Present value of next 10 years cash flows HK$160.83
SEHK:1462 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= HK$24.85 × (1 + 2%) ÷ (13.35% – 2%)
HK$223.36
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$223.36 ÷ (1 + 13.35%)10
HK$63.78
SEHK:1462 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$160.83 + HK$63.78
HK$224.61
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$224.61 / 4,037.87
HK$0.06
SEHK:1462 Discount to Share Price
Calculation Result
Value per share (HKD) From above. HK$0.06
Current discount Discount to share price of HK$0.07
= -1 x (HK$0.07 - HK$0.06) / HK$0.06
-29.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Gold-Finance Holdings is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Gold-Finance Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Gold-Finance Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:1462 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in HKD HK$0.04
SEHK:1462 Share Price ** SEHK (2019-05-03) in HKD HK$0.07
Hong Kong Construction Industry PE Ratio Median Figure of 105 Publicly-Listed Construction Companies 9.77x
Hong Kong Market PE Ratio Median Figure of 1,503 Publicly-Listed Companies 10.71x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Gold-Finance Holdings.

SEHK:1462 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1462 Share Price ÷ EPS (both in HKD)

= 0.07 ÷ 0.04

1.95x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Gold-Finance Holdings is good value based on earnings compared to the HK Construction industry average.
  • Gold-Finance Holdings is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Gold-Finance Holdings's expected growth come at a high price?
Raw Data
SEHK:1462 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 1.95x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-13.1%per year
Hong Kong Construction Industry PEG Ratio Median Figure of 10 Publicly-Listed Construction Companies 0.55x
Hong Kong Market PEG Ratio Median Figure of 477 Publicly-Listed Companies 0.79x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Gold-Finance Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Gold-Finance Holdings's assets?
Raw Data
SEHK:1462 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in HKD HK$0.12
SEHK:1462 Share Price * SEHK (2019-05-03) in HKD HK$0.07
Hong Kong Construction Industry PB Ratio Median Figure of 136 Publicly-Listed Construction Companies 1.38x
Hong Kong Market PB Ratio Median Figure of 2,190 Publicly-Listed Companies 0.92x
SEHK:1462 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1462 Share Price ÷ Book Value per Share (both in HKD)

= 0.07 ÷ 0.12

0.62x

* Primary Listing of Gold-Finance Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Gold-Finance Holdings is good value based on assets compared to the HK Construction industry average.
X
Value checks
We assess Gold-Finance Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Construction industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Construction industry average (and greater than 0)? (1 check)
  5. Gold-Finance Holdings has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

1462 Future Performance

 How is Gold-Finance Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Gold-Finance Holdings, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-13.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Gold-Finance Holdings expected to grow at an attractive rate?
  • Gold-Finance Holdings's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2%.
Growth vs Market Checks
  • Gold-Finance Holdings's earnings are expected to decrease over the next 1-3 years, this is below the Hong Kong market average.
  • Unable to compare Gold-Finance Holdings's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:1462 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:1462 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -13.1%
Hong Kong Construction Industry Earnings Growth Rate Market Cap Weighted Average 6.4%
Hong Kong Construction Industry Revenue Growth Rate Market Cap Weighted Average 9.6%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.2%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SEHK:1462 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:1462 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-09-30 579 63 148
2018-06-30 664 46 154
2018-03-31 749 29 159
2017-12-31 813 62 100
2017-09-30 876 95 40
2017-06-30 808 106 20
2017-03-31 740 116 0
2016-12-31 677 34 4
2016-09-30 614 -48 8
2016-06-30 603 -43 14
2016-03-31 592 -38 19
2015-12-31 628 -1 30

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Gold-Finance Holdings's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Gold-Finance Holdings is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SEHK:1462 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Gold-Finance Holdings Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1462 Past Financials Data
Date (Data in HKD Millions) EPS *
2018-09-30 0.04
2018-06-30 0.04
2018-03-31 0.04
2017-12-31 0.02
2017-09-30 0.01
2017-06-30 0.01
2017-03-31 0.00
2016-12-31 0.00
2016-09-30 0.00
2016-06-30 0.00
2016-03-31 0.00
2015-12-31 0.01

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Gold-Finance Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Gold-Finance Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Gold-Finance Holdings has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

1462 Past Performance

  How has Gold-Finance Holdings performed over the past 5 years?

  • Gold-Finance Holdings's last earnings update was 209 days ago.
The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Gold-Finance Holdings's growth in the last year to its industry (Construction).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Gold-Finance Holdings has delivered over 20% year on year earnings growth in the past 5 years.
  • Gold-Finance Holdings's 1-year earnings growth exceeds its 5-year average (272.3% vs 39.3%)
  • Gold-Finance Holdings's earnings growth has exceeded the HK Construction industry average in the past year (272.3% vs -13.1%).
Earnings and Revenue History
Gold-Finance Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Gold-Finance Holdings Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1462 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 578.61 148.21 60.72
2018-06-30 664.04 153.78 53.95
2018-03-31 749.48 159.35 47.19
2017-12-31 812.68 99.58 41.53
2017-09-30 875.87 39.81 35.88
2017-06-30 807.94 20.09 35.11
2017-03-31 740.01 0.37 34.34
2016-12-31 676.83 4.23 31.17
2016-09-30 613.65 8.10 28.00
2016-06-30 602.83 13.68 24.69
2016-03-31 592.00 19.26 21.37
2015-12-31 627.54 29.92 19.75
2015-09-30 663.08 40.59 18.14
2015-06-30 673.83 39.56 17.63
2015-03-31 684.58 38.53 17.12
2014-12-31 664.13 35.71 16.07
2014-09-30 643.68 32.90 15.03
2014-06-30 612.59 39.09 14.41
2014-03-31 581.49 45.28 13.79
2013-03-31 424.41 40.69 11.09

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Gold-Finance Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Gold-Finance Holdings used its assets more efficiently than the HK Construction industry average last year based on Return on Assets.
  • Gold-Finance Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Gold-Finance Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Construction industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Gold-Finance Holdings has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

1462 Health

 How is Gold-Finance Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Gold-Finance Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Gold-Finance Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Gold-Finance Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Gold-Finance Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Gold-Finance Holdings Company Filings, last reported 9 months ago.

SEHK:1462 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 507.38 376.15 103.62
2018-06-30 507.38 376.15 103.62
2018-03-31 487.83 359.29 342.29
2017-12-31 487.83 359.29 342.29
2017-09-30 296.90 279.17 265.24
2017-06-30 296.90 279.17 265.24
2017-03-31 256.26 0.00 140.39
2016-12-31 256.26 0.00 140.39
2016-09-30 255.75 0.00 89.42
2016-06-30 255.75 0.00 89.42
2016-03-31 254.00 0.00 79.70
2015-12-31 254.00 0.00 79.70
2015-09-30 247.65 30.60 178.57
2015-06-30 247.65 30.60 178.57
2015-03-31 246.74 36.07 172.13
2014-12-31 246.74 36.07 172.13
2014-09-30 114.35 45.87 93.85
2014-06-30 114.35 45.87 93.85
2014-03-31 139.51 57.83 96.65
2013-03-31 94.23 24.60 26.58
  • Gold-Finance Holdings's level of debt (74.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (35.3% vs 74.1% today).
  • Debt is not well covered by operating cash flow (16.7%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 14.9x coverage).
X
Financial health checks
We assess Gold-Finance Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Gold-Finance Holdings has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

1462 Dividends

 What is Gold-Finance Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Gold-Finance Holdings dividends.
If you bought HK$2,000 of Gold-Finance Holdings shares you are expected to receive HK$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Gold-Finance Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Gold-Finance Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SEHK:1462 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Hong Kong Construction Industry Average Dividend Yield Market Cap Weighted Average of 43 Stocks 3.9%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 978 Stocks 3.6%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.2%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.1%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SEHK:1462 Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2016-12-16 0.000 0.000
2016-11-25 0.000 0.000
2016-07-18 0.000 0.000
2016-06-20 0.000 0.000
2015-09-18 0.003 1.172

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Gold-Finance Holdings has not reported any payouts.
  • Unable to verify if Gold-Finance Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Gold-Finance Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Gold-Finance Holdings has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Gold-Finance Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Gold-Finance Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Gold-Finance Holdings has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

1462 Management

 What is the CEO of Gold-Finance Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jie Wei
COMPENSATION HK$562,000
AGE 38
TENURE AS CEO 3.4 years
CEO Bio

Mr. Jie Wei serves as the Chairman and Chief Executive Officer of Gold-Finance (Holding) Group Co. Ltd. Mr. Wei has been Chairman of The Board and Chief Executive Officer of Gold-Finance Holdings Limited since February 16, 2016. He has been an Executive Director of Gold-Finance Holdings Limited since February 03, 2016. Mr. Wei started his legal training in 2001 as a legal assistant in Zhejiang Yuehanlin Law Firm and was later retained and worked as an attorney in the same firm until 2007. He joined Hangzhou Jinzhicheng Wealth Management Consulting Co. Ltd. in May 2009. He has taken part and led the design of many finance management projects. Since 2009, Mr. Wei promoted and founded a national high-end financial forum ‘‘Xihu Lunjin’’ where many well-known economists, economic strategists and senior managers gather and discuss about the economy and asset management. He completed a three-year distance learning course from Zhejiang University and holds an undergraduate degree in law from the same University in 2005. Mr. Wei also holds master degree in law from Zhejiang University Guanghua Law School in June 2013.

CEO Compensation
  • Jie's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Jie's remuneration is lower than average for companies of similar size in Hong Kong.
Management Team

Jie Wei

TITLE
Chairman & CEO
COMPENSATION
HK$562K
AGE
38
TENURE
3.4 yrs

Li Yun Xu

TITLE
Executive Director
COMPENSATION
HK$434K
AGE
38
Board of Directors

Jie Wei

TITLE
Chairman & CEO
COMPENSATION
HK$562K
AGE
38
TENURE
3.4 yrs

Li Yun Xu

TITLE
Executive Director
COMPENSATION
HK$434K
AGE
38
TENURE
3.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
24. Jul 18 Buy Kam Ting Wong Individual 24. Jul 18 24. Jul 18 20,000 HK$2.14 HK$42,800
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Management checks
We assess Gold-Finance Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Gold-Finance Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

1462 News

Simply Wall St News

Here's What Gold-Finance Holdings Limited's (HKG:1462) P/E Ratio Is Telling Us

Gold-Finance Holdings has a price to earnings ratio of 1.95, based on the last twelve months. … The formula for P/E is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Gold-Finance Holdings: P/E of 1.95 = HK$0.072 ÷ HK$0.037 (Based on the trailing twelve months to September 2018.) Is A High P/E Ratio Good? … A higher P/E ratio means that investors are paying a higher price for each HK$1 of company earnings.

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Who Has Been Buying Gold-Finance Holdings Limited (HKG:1462) Shares?

As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price. … Happily, we note that in the last year insiders bought 2.4m shares for a total of HK$5.3m. … Gold-Finance Holdings may have bought shares in the last year, but they didn't sell any

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Is Gold-Finance Holdings Limited (HKG:1462) Creating Value For Shareholders?

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Understanding Return On Capital Employed (ROCE). … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

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Some Gold-Finance Holdings (HKG:1462) Shareholders Have Taken A Painful 90% Share Price Drop

So spare a thought for the long term shareholders of Gold-Finance Holdings Limited (HKG:1462); the share price is down a whopping 90% in the last twelve months. … By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … Even though the Gold-Finance Holdings share price is down over the year, its EPS actually improved.

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Do You Like Gold-Finance Holdings Limited (HKG:1462) At This P/E Ratio?

We'll show how you can use Gold-Finance Holdings Limited's (HKG:1462) P/E ratio to inform your assessment of the investment opportunity. … Gold-Finance Holdings has a price to earnings ratio of 8.66, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

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What Investors Should Know About Gold-Finance Holdings Limited's (HKG:1462) Financial Strength

Gold-Finance Holdings Limited (HKG:1462) is a small-cap stock with a market capitalization of HK$1.4b. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Evaluating financial health as part of your investment thesis is

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Is Gold-Finance Holdings Limited (HKG:1462) Overpaying Its CEO?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … Check out our latest analysis for Gold-Finance Holdings … How Does Jie Wei's Compensation Compare With Similar Sized Companies?

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Boasting A 29% Return On Equity, Is Gold-Finance Holdings Limited (HKG:1462) A Top Quality Stock?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Our data shows Gold-Finance Holdings has a return on equity of 29% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

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How Much Are Gold-Finance Holdings Limited (HKG:1462) Insiders Spending On Buying Shares?

So shareholders might well want to know whether insiders have been buying or selling shares in Gold-Finance Holdings Limited (HKG:1462). … Gold-Finance Holdings Insider Transactions Over The Last Year. … In the last twelve months there was more buying than selling by Gold-Finance Holdings insiders

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Should Gold-Finance Holdings Limited’s (HKG:1462) Weak Investment Returns Worry You?

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Understanding Return On Capital Employed (ROCE). … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

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1462 Company Info

Description

Gold-Finance Holdings Limited, an investment holding company, primarily provides building services in the People’s Republic of China. The company operates in three segments: Investment and Asset Management Services, Property Investment and Development, and Building Services. It undertakes various engineering works, including electrical, air conditioning, and fire services installation works; and engineering projects in public and private sectors, which are related to new building development and existing building renovation. Gold-Finance Holdings Limited also provides investment and asset management, and property investment and development services. The company was formerly known as Nga Chun Holdings Company Limited and changed its name to Gold-Finance Holdings Limited in April 2016. The company was founded in 1994 and is headquartered in Central, Hong Kong. Gold-Finance Holdings Limited is a subsidiary of Gold-Finance (Hong Kong) Asset Management Limited.

Details
Name: Gold-Finance Holdings Limited
1462
Exchange: SEHK
Founded: 1994
HK$290,726,759
4,037,871,666
Website: http://www.gold-finance-gp.com.hk
Address: Gold-Finance Holdings Limited
One Pacific Place,
35th Floor,
Central,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1462 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 16. Oct 2014
Number of employees
Current staff
Staff numbers
122
Gold-Finance Holdings employees.
Industry
Construction and Engineering
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/15 13:00
End of day share price update: 2019/05/03 00:00
Last earnings filing: 2018/12/18
Last earnings reported: 2018/09/30
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.