Hebei Yichen Industrial Group
Market Cap
HK$3.6b
Last Updated
2020/10/30 12:45 UTC
Data Sources
Company Financials
Executive Summary
Hebei Yichen Industrial Group Corporation Limited provides rail fastening systems to the railway industry in the People’s Republic of China. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with proven track record.
Share Price & News
How has Hebei Yichen Industrial Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 1596 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-0.5%
1596
-2.4%
HK Machinery
-0.7%
HK Market
1 Year Return
0.8%
1596
33.9%
HK Machinery
0.5%
HK Market
Return vs Industry: 1596 underperformed the Hong Kong Machinery industry which returned 33.9% over the past year.
Return vs Market: 1596 matched the Hong Kong Market which returned 0.5% over the past year.
Shareholder returns
| 1596 | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.5% | -2.4% | -0.7% |
| 30 Day | -3.4% | 2.9% | 5.8% |
| 90 Day | 0% | 2.7% | 1.4% |
| 1 Year | 1.9%0.8% | 37.1%33.9% | 4.6%0.5% |
| 3 Year | -16.9%-20.4% | 42.7%31.8% | -6.8%-16.9% |
| 5 Year | n/a | 102.8%85.6% | 15.8%-3.8% |
Price Volatility Vs. Market
How volatile is Hebei Yichen Industrial Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Could The Hebei Yichen Industrial Group Corporation Limited (HKG:1596) Ownership Structure Tell Us Something Useful?3 weeks ago | Simply Wall St
Hebei Yichen Industrial Group (HKG:1596) Could Easily Take On More Debt1 month ago | Simply Wall St
Hebei Yichen Industrial Group (HKG:1596) Shareholders Booked A 31% Gain In The Last YearValuation
Is Hebei Yichen Industrial Group undervalued compared to its fair value and its price relative to the market?
13.47x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 1596 (HK$3.98) is trading above our estimate of fair value (HK$0.44)
Significantly Below Fair Value: 1596 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 1596's PE Ratio (13.5x) is in line with the HK Machinery industry average.
PE vs Market: 1596 is poor value based on its PE Ratio (13.5x) compared to the Hong Kong market (10.9x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 1596's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 1596 is overvalued based on its PB Ratio (1.5x) compared to the HK Machinery industry average (0.9x).
Next Steps
Future Growth
How is Hebei Yichen Industrial Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
5.7%
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 Hebei Yichen Industrial Group 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
- Check out Hebei Yichen Industrial Group's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
- Hebei Yichen Industrial Group competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Capital Goods industry.
Past Performance
How has Hebei Yichen Industrial Group performed over the past 5 years?
-11.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 1596 has high quality earnings.
Growing Profit Margin: 1596's current net profit margins (18.2%) are higher than last year (14.9%).
Past Earnings Growth Analysis
Earnings Trend: 1596's earnings have declined by 11.3% per year over the past 5 years.
Accelerating Growth: 1596's earnings growth over the past year (58.1%) exceeds its 5-year average (-11.3% per year).
Earnings vs Industry: 1596 earnings growth over the past year (58.1%) exceeded the Machinery industry -1.6%.
Return on Equity
High ROE: 1596's Return on Equity (11.2%) is considered low.
Next Steps
Financial Health
How is Hebei Yichen Industrial Group's financial position?
Financial Position Analysis
Short Term Liabilities: 1596's short term assets (CN¥1.8B) exceed its short term liabilities (CN¥717.9M).
Long Term Liabilities: 1596's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥42.4M).
Debt to Equity History and Analysis
Debt Level: 1596's debt to equity ratio (10.8%) is considered satisfactory.
Reducing Debt: 1596's debt to equity ratio has reduced from 33.2% to 10.8% over the past 5 years.
Debt Coverage: 1596's debt is well covered by operating cash flow (65.2%).
Interest Coverage: 1596 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is Hebei Yichen Industrial Group current dividend yield, its reliability and sustainability?
0.99%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: 1596's dividend (0.99%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.26%).
High Dividend: 1596's dividend (0.99%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.97%).
Stability and Growth of Payments
Stable Dividend: 1596 is not paying a notable dividend for the Hong Kong market, therefore no need to check if payments are stable.
Growing Dividend: 1596 is not paying a notable dividend for the Hong Kong market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: 1596 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 1596'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?
8.8yrs
Average management tenure
CEO
Lifeng Zhang (40 yo)
0.33
Tenure
Mr. Lifeng Zhang serves as General Manager at Hebei Yichen Industrial Group Corporation Limited since June 24, 2020 and Executive Director at Hebei Yichen Industrial Group Corporation Limited since July 20 ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board | 19.5yrs | CN¥366.12k | 18.48% CN¥ 656.9m | |
| CFO & Executive Director | 19.5yrs | CN¥248.03k | 3.22% CN¥ 114.6m | |
| Manager of Welding Business Division & Executive Director | 5.25yrs | CN¥190.23k | 2.09% CN¥ 74.2m | |
| Executive Director | 5.25yrs | CN¥175.85k | 0.10% CN¥ 3.7m | |
| Joint Company Secretary & Executive Director | 5.25yrs | CN¥184.23k | 2.09% CN¥ 74.2m | |
| GM & Executive Director | 0.33yr | no data | 2.09% CN¥ 74.2m | |
| Deputy General Manager | 8.75yrs | no data | no data | |
| Deputy General Manager | 8.75yrs | no data | 2.09% CN¥ 74.2m | |
| Deputy General Manager | 0.83yr | no data | no data | |
| Head of Finance Section | no data | no data | no data | |
| Joint Company Secretary | 0.83yr | no data | no data | |
| Deputy Head of Finance Department | no data | no data | 2.09% CN¥ 74.2m |
8.8yrs
Average Tenure
51yo
Average Age
Experienced Management: 1596's management team is seasoned and experienced (8.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board | 19.5yrs | CN¥366.12k | 18.48% CN¥ 656.9m | |
| CFO & Executive Director | 19.5yrs | CN¥248.03k | 3.22% CN¥ 114.6m | |
| Manager of Welding Business Division & Executive Director | 5.25yrs | CN¥190.23k | 2.09% CN¥ 74.2m | |
| Executive Director | 5.25yrs | CN¥175.85k | 0.10% CN¥ 3.7m | |
| Joint Company Secretary & Executive Director | 5.25yrs | CN¥184.23k | 2.09% CN¥ 74.2m | |
| GM & Executive Director | 0.33yr | no data | 2.09% CN¥ 74.2m | |
| Independent Non-Executive Director | 4.92yrs | CN¥153.58k | no data | |
| Independent Non-Executive Director | 4.92yrs | CN¥40.00k | no data | |
| Independent Non-Executive Director | 4.92yrs | CN¥40.00k | no data | |
| Staff Representative Supervisor | 1.83yrs | no data | no data | |
| Chairman of the Supervisory Board | 1.25yrs | no data | no data | |
| Non Executive Director | 0.58yr | no data | no data |
4.9yrs
Average Tenure
45yo
Average Age
Experienced Board: 1596's board of directors are considered experienced (4.9 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
Hebei Yichen Industrial Group Corporation Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Hebei Yichen Industrial Group Corporation Limited
- Ticker: 1596
- Exchange: SEHK
- Founded: 2001
- Industry: Construction Machinery and Heavy Trucks
- Sector: Capital Goods
- Market Cap: HK$3.555b
- Shares outstanding: 897.84m
- Website: https://www.hbyc.com.cn
Number of Employees
Location
- Hebei Yichen Industrial Group Corporation Limited
- No. 1 Yichen North Street
- Gaocheng District
- Shijiazhuang
- Hebei Province
- China
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 1596 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Foreign Shares-Foreign Listed | HK | HKD | Dec 2016 |
Biography
Hebei Yichen Industrial Group Corporation Limited provides rail fastening systems to the railway industry in the People’s Republic of China. The company operates in three segments: Rail Fastening System Pr ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/30 12:45 |
| End of Day Share Price | 2020/10/30 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.