SEHK:1592

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Mediocre balance sheet unattractive dividend payer.

Risks

  • Anchorstone Holdings has significant price volatility in the past 3 months.
  • Anchorstone Holdings is not covered by any analysts.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

7.5%

SEHK:1592

0.09%

HK Construction

1.0%

HK Market


1 Year Return

-38.0%

SEHK:1592

-11.4%

HK Construction

-4.7%

HK Market

1592 underperformed the Construction industry which returned -11.4% over the past year.

1592 underperformed the Market in Hong Kong which returned -4.7% over the past year.


Share holder returns

1592IndustryMarket
7 Day7.5%0.09%1.0%
30 Day1.8%-3.5%3.9%
90 Day39.0%-13.6%-7.8%
1 Year-36.0%-38.0%-8.0%-11.4%-1.4%-4.7%
3 Yearn/a-13.1%-21.4%30.5%17.5%
5 Yearn/a12.5%-4.6%22.6%2.0%

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 based on future cash flows and its price relative to the stock market?

14.55x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for Anchorstone Holdings to establish if it is available at moderate discount.

Unable to calculate intrinsic value for Anchorstone Holdings to establish if it is available at substantial discount.


Price Based on Earnings

Anchorstone Holdings is overvalued based on earnings compared to the HK Construction industry average.

Anchorstone Holdings is overvalued based on earnings compared to the Hong Kong market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Anchorstone Holdings, we can't assess if its growth is good value.


Price Based on Value of Assets

Anchorstone Holdings is overvalued based on assets compared to the HK Construction industry average.


Next Steps

Future Growth

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

-1.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Anchorstone Holdings is high growth as no revenue estimate data is available.

Anchorstone Holdings's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.

Unable to compare Anchorstone Holdings's revenue growth to the Hong Kong market average as no estimate data is available.

Anchorstone Holdings's earnings growth is expected to exceed the Hong Kong market average.

Anchorstone Holdings's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Anchorstone Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Anchorstone Holdings performed over the past 5 years?

-18.7%

Last years earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Insufficient data to establish if Anchorstone Holdings's year on year earnings growth rate was positive over the past 5 years.

Anchorstone Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Anchorstone Holdings's 1-year earnings growth is negative, it can't be compared to the HK Construction industry average.


Return on Equity

Anchorstone Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Anchorstone Holdings used its assets more efficiently than the HK Construction industry average last year based on Return on Assets.


Return on Capital Employed

Anchorstone Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Anchorstone Holdings's financial position?


Financial Position Analysis

Anchorstone Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Anchorstone Holdings has no long term commitments.


Debt to Equity History and Analysis

Anchorstone Holdings's level of debt (78%) compared to net worth is high (greater than 40%).

Unable to establish if Anchorstone Holdings's debt level has increased without past 5-year debt data.

Operating cash flow is negative therefore debt is not well covered.

Interest payments on debt are well covered by earnings (EBIT is 10.5x coverage).


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 2.5x debt.


Next Steps

Dividend

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

3.51%

Current Dividend Yield


Dividend Yield and Payments Analysis

Anchorstone Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.08%).

Anchorstone Holdings's dividend is below the markets top 25% of dividend payers in Hong Kong (5.72%).

It is too early to tell whether Anchorstone Holdings has stable dividend payments.

Anchorstone Holdings only just started paying a dividend, it is too early to tell if payments are increasing.


Current Payout to Shareholders

Dividends paid are covered by earnings (2x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

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

1.1yrs

Average board tenure


CEO

Gary Lui (62yo)

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 Age and Tenure

1.1yrs

Average Tenure

49yo

Average Age

The average tenure for the Anchorstone Holdings board of directors is less than 3 years, this suggests a new board.


Insider Trading

More shares have been bought than sold by Anchorstone Holdings individual insiders in the past 3 months.


Recent Insider Transactions

SellHK$357,40709 Jul 19
Yue Lui
EntityIndividual
Role
Chairman & CEO
Chairman of the Board
Shares1,360,000
Max PriceHK$0.26
BuyHK$781,08503 Jul 19
Yue Lui
EntityIndividual
Role
Chairman & CEO
Chairman of the Board
Shares3,450,000
Max PriceHK$0.23
BuyHK$705,83003 Jul 19
Yue Lui
EntityIndividual
Role
Chairman & CEO
Chairman of the Board
Shares3,045,000
Max PriceHK$0.23
SellHK$13,799,85520 Jan 19
Yue Lui
EntityIndividual
Role
Chairman & CEO
Chairman of the Board
Shares60,000,000
Max PriceHK$0.23

Ownership Breakdown


Management Team

  • Gary Lui (62yo)

    Chairman & CEO

  • Joyce Lui (32yo)

    Head of Marketing Department & Executive Director

    • Tenure: 1.8yrs
  • Wai Hung Fung (33yo)

    CFO, Company Secretary & Executive Director

    • Tenure: 0.5yrs
  • Edwin Lui (32yo)

    Executive Director


Board Members

  • Hok Choi (64yo)

    Independent Non-Executive Director

    • Tenure: 1.1yrs
  • Daniel Ng (63yo)

    Independent Non-Executive Director

    • Tenure: 1.1yrs
  • Gary Lui (62yo)

    Chairman & CEO

  • Joyce Lui (32yo)

    Head of Marketing Department & Executive Director

    • Tenure: 1.8yrs
  • Tsz Ko (49yo)

    Independent Non-Executive Director

    • Tenure: 1.1yrs
  • Wai Hung Fung (33yo)

    CFO, Company Secretary & Executive Director

    • Tenure: 0.5yrs
  • Edwin Lui (32yo)

    Executive Director

    • Tenure: 0.5yrs

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$342.000m
  • Shares outstanding: 1.20b
  • Website: Click here

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 in Hong Kong. The company undertakes marble and granite works for a range of buildi ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/07/18 13:15
End of Day Share Price2019/07/18 00:00
Earnings2018/12/31
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.