SEHK:1556

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Chinney Kin Wing Holdings

Executive Summary

Chinney Kin Wing Holdings Limited, an investment holding company, engages in foundation construction and drilling, and site investigation works for public and private sectors in Hong Kong and internationally.


Snowflake Analysis

Flawless balance sheet and fair value.


Similar Companies

Share Price & News

How has Chinney Kin Wing Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 1556 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

3.1%

1556

0.8%

HK Construction

1.4%

HK Market


1 Year Return

-23.1%

1556

-26.4%

HK Construction

-6.6%

HK Market

Return vs Industry: 1556 exceeded the Hong Kong Construction industry which returned -28.8% over the past year.

Return vs Market: 1556 underperformed the Hong Kong Market which returned -9.4% over the past year.


Shareholder returns

1556IndustryMarket
7 Day3.1%0.8%1.4%
30 Day4.7%-1.7%4.6%
90 Day-4.3%-5.2%11.3%
1 Year-17.0%-23.1%-23.2%-26.4%-3.7%-6.6%
3 Year-31.3%-45.9%-37.5%-44.8%4.7%-5.7%
5 Yearn/a-35.6%-46.0%8.4%-8.8%

Price Volatility Vs. Market

How volatile is Chinney Kin Wing Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Chinney Kin Wing Holdings undervalued compared to its fair value and its price relative to the market?

5.21x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 1556 (HK$0.2) is trading above our estimate of fair value (HK$0.17)

Significantly Below Fair Value: 1556 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 1556 is good value based on its PE Ratio (5.2x) compared to the Construction industry average (7.9x).

PE vs Market: 1556 is good value based on its PE Ratio (5.2x) compared to the Hong Kong market (10x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 1556's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 1556 is good value based on its PB Ratio (0.7x) compared to the HK Construction industry average (0.9x).


Next Steps

Future Growth

How is Chinney Kin Wing Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

10.1%

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 Chinney Kin Wing 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 Chinney Kin Wing Holdings performed over the past 5 years?

-21.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1556 has a high level of non-cash earnings.

Growing Profit Margin: 1556's current net profit margins (4.4%) are lower than last year (4.6%).


Past Earnings Growth Analysis

Earnings Trend: 1556's earnings have declined by -21.3% per year over the past 5 years.

Accelerating Growth: 1556's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 1556 had negative earnings growth (-0.1%) over the past year, making it difficult to compare to the Construction industry average (-11.7%).


Return on Equity

High ROE: 1556's Return on Equity (12.7%) is considered low.


Next Steps

Financial Health

How is Chinney Kin Wing Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 1556's short term assets (HK$631.4M) exceed its short term liabilities (HK$401.8M).

Long Term Liabilities: 1556's short term assets (HK$631.4M) exceed its long term liabilities (HK$42.6M).


Debt to Equity History and Analysis

Debt Level: 1556 is debt free.

Reducing Debt: 1556 had no debt 5 years ago.

Debt Coverage: 1556 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 1556 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Chinney Kin Wing Holdings's current dividend yield, its reliability and sustainability?

7.50%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 1556's dividend (7.5%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.42%).

High Dividend: 1556's dividend (7.5%) is in the top 25% of dividend payers in the Hong Kong market (7.05%)


Stability and Growth of Payments

Stable Dividend: 1556 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 1556 has only been paying a dividend for 3 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (39.1%), 1556's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

4.8yrs

Average board tenure


CEO

Johnny Yu (59yo)

no data

Tenure

HK$9,478,000

Compensation

Mr. Wing-Sang Yu, also known as Johnny, serves as Managing Director of Chinney Kin Wing Holdings Limited and has been its Executive Director since July 9, 2015. Mr. Yu is responsible for formulating corpor ...


CEO Compensation Analysis

Compensation vs Market: Johnny's total compensation ($USD1.22M) is above average for companies of similar size in the Hong Kong market ($USD230.45K).

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


Board Members

NamePositionTenureCompensationOwnership
Yuen-Keung Chan
Chairman of the Board2.25yrsHK$3.08mno data
Wing-Sang Yu
MD & Executive Directorno dataHK$9.48mno data
Hin-Kwong So
GM & Executive Director4.92yrsHK$4.04mno data
Sing-Wai Wong
Executive Director3.83yrsHK$1.22mno data
Bing-Lun Lam
Executive Director3.83yrsHK$1.32mno data
Siu-Chee Kong
Independent Non-Executive Director4.75yrsHK$175.00kno data
Che-Kwong Tsui
Independent Non-Executive Director4.75yrsHK$175.00kno data
Ti-Fan Pong
Independent Non-Executive Director4.75yrsHK$175.00kno data

4.8yrs

Average Tenure

63.5yo

Average Age

Experienced Board: 1556's board of directors are considered experienced (4.8 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

Chinney Kin Wing Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Chinney Kin Wing Holdings Limited
  • Ticker: 1556
  • Exchange: SEHK
  • Founded: 1994
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: HK$300.000m
  • Shares outstanding: 1.50b
  • Website: https://www.chinneykinwing.com.hk

Number of Employees


Location

  • Chinney Kin Wing Holdings Limited
  • Wing On Centre
  • Room 2308
  • Central
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1556SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDNov 2015

Biography

Chinney Kin Wing Holdings Limited, an investment holding company, engages in foundation construction and drilling, and site investigation works for public and private sectors in Hong Kong and internationally. It operates in two segments, Foundation Construction and Ancillary Services; and Drilling and Site Investigation. The company offers piling construction services, such as bored piling, percussive H-piling, socketed H-piling, mini-piling, and sheet piling; other ancillary services comprising ELS works, site formation, and pile cap construction; and drilling and site investigation, and related ground engineering construction services. It also offers equipment and machinery leasing and construction material testing services. The company was founded in 1994 and is headquartered in Central, Hong Kong. Chinney Kin Wing Holdings Limited is a subsidiary of Chinney Alliance Group Limited. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/03 12:51
End of Day Share Price2020/07/02 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.