SEHK:1592

Stock Analysis Report

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Executive Summary

Anchorstone Holdings Limited, an investment holding company, engages in the supply and installation of marble and granite products for construction projects in Hong Kong and Macau.


Snowflake Analysis

Imperfect balance sheet with poor track record.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 1592 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-5.6%

1592

1.5%

HK Construction

0.7%

HK Market


1 Year Return

25.9%

1592

-19.9%

HK Construction

0.4%

HK Market

Return vs Industry: 1592 exceeded the Hong Kong Construction industry which returned -19.9% over the past year.

Return vs Market: 1592 exceeded the Hong Kong Market which returned 0.4% over the past year.


Shareholder returns

1592IndustryMarket
7 Day-5.6%1.5%0.7%
30 Day15.3%0.3%-1.0%
90 Day-9.3%-0.09%9.6%
1 Year25.9%25.9%-15.7%-19.9%4.5%0.4%
3 Yearn/a-37.3%-45.2%0.2%-10.6%
5 Yearn/a-36.6%-47.4%9.9%-8.5%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

195.29x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 1592's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 1592's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 1592 is poor value based on its PE Ratio (195.3x) compared to the HK Construction industry average (8.3x).

PE vs Market: 1592 is poor value based on its PE Ratio (195.3x) compared to the Hong Kong market (10.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 1592's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 1592 is overvalued based on its PB Ratio (2.7x) compared to the HK Construction industry average (0.8x).


Next Steps

Future Growth

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

10.2%

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 Anchorstone 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 Anchorstone Holdings performed over the past 5 years?

-30.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1592 has high quality earnings.

Growing Profit Margin: 1592's current net profit margins (0.6%) are lower than last year (6.9%).


Past Earnings Growth Analysis

Earnings Trend: 1592's earnings have declined by 30.2% per year over the past 5 years.

Accelerating Growth: 1592's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 1592 had negative earnings growth (-89.8%) over the past year, making it difficult to compare to the Construction industry average (-7.7%).


Return on Equity

High ROE: 1592's Return on Equity (1.4%) is considered low.


Next Steps

Financial Health

How is Anchorstone Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 1592's short term assets (HK$327.9M) exceed its short term liabilities (HK$179.0M).

Long Term Liabilities: 1592's short term assets (HK$327.9M) exceed its long term liabilities (HK$2.3M).


Debt to Equity History and Analysis

Debt Level: 1592's debt to equity ratio (96.2%) is considered high.

Reducing Debt: Insufficient data to determine if 1592's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 1592's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 1592's interest payments on its debt are not well covered by EBIT (1.6x coverage).


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 1592's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 1592's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 1592's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 1592's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 1592 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 1592'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?

2.2yrs

Average board tenure


CEO

Gary Lui (63 yo)

no data

Tenure

Mr. Yue Yun Lui, also known as Gary, is one of the Co-founders of Anchorstone Holdings Limited and serves as its Chairman and Chief Executive Officer and is responsible for our Group’s overall corporate st ...


Board Members

NamePositionTenureCompensationOwnership
Yue Lui
Chairman & CEOno datano data70.43%
HK$ 287.3m
Wai Hang Fung
CFO, Company Secretary & Executive Director1.58yrsno datano data
Po Lui
Head of Marketing Department & Executive Director2.83yrsno datano data
Wing Lui
Head of Business Development Department & Executive Director1.58yrsno datano data
Hok Choi
Independent Non-Executive Director2.17yrsno datano data
Yau Wah Ng
Independent Non-Executive Director2.17yrsno datano data
Tsz Ko
Independent Non-Executive Director2.17yrsno datano data

2.2yrs

Average Tenure

50yo

Average Age

Experienced Board: 1592's board of directors are not considered experienced ( 2.2 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

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


Key Information

  • Name: Anchorstone Holdings Limited
  • Ticker: 1592
  • Exchange: SEHK
  • Founded: 1991
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: HK$408.000m
  • Shares outstanding: 1.20b
  • Website: https://www.anchorstone.com.hk

Number of Employees


Location

  • Anchorstone Holdings Limited
  • Citicorp Centre
  • Unit 2302
  • Causeway Bay
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1592SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJul 2018

Biography

Anchorstone Holdings Limited, an investment holding company, engages in the supply and installation of marble and granite products for construction projects in Hong Kong and Macau. The company undertakes m ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/03 13:00
End of Day Share Price2020/08/03 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.