Hebei Yichen Industrial Group
Market Cap
HK$3.4b
Last Updated
2019/11/11 13:03 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.
Snowflake
Fundamentals
Flawless balance sheet and slightly overvalued.
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
-1.5%
1596
-1.2%
HK Machinery
-1.9%
HK Market
1 Year Return
-33.7%
1596
27.6%
HK Machinery
1.1%
HK Market
Return vs Industry: 1596 underperformed the Hong Kong Machinery industry which returned 27.6% over the past year.
Return vs Market: 1596 underperformed the Hong Kong Market which returned 1.1% over the past year.
Shareholder returns
| 1596 | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.5% | -1.2% | -1.9% |
| 30 Day | 2.4% | 8.7% | 1.7% |
| 90 Day | 28.0% | 13.9% | 7.0% |
| 1 Year | -31.7%-33.7% | 31.3%27.6% | 4.7%1.1% |
| 3 Year | n/a | 66.9%56.1% | 22.6%10.3% |
| 5 Year | n/a | 40.9%29.2% | 19.8%-0.1% |
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
Is Hebei Yichen Industrial Group Corporation Limited (HKG:1596) A Smart Choice For Dividend Investors?3 weeks ago | Simply Wall St
Should We Worry About Hebei Yichen Industrial Group Corporation Limited's (HKG:1596) P/E Ratio?1 month ago | Simply Wall St
Are Insiders Selling Hebei Yichen Industrial Group Corporation Limited (HKG:1596) Stock?Valuation
Is Hebei Yichen Industrial Group undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 1596 (HK$3.84) is trading below our estimate of fair value (HK$24.93)
Significantly Below Fair Value: 1596 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 1596 is poor value based on its PE Ratio (20.1x) compared to the Machinery industry average (10.4x).
PE vs Market: 1596 is poor value based on its PE Ratio (20.1x) compared to the Hong Kong market (10.3x).
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 (1.6x) 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?
7.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 1596's forecast earnings growth (7.2% per year) is above the savings rate (2%).
Earnings vs Market: 1596's earnings (7.2% per year) are forecast to grow slower than the Hong Kong market (11.1% per year).
High Growth Earnings: 1596's earnings are forecast to grow, but not significantly.
Revenue vs Market: Insufficient data to determine if 1596's revenue is forecast to grow faster than the Hong Kong market.
High Growth Revenue: Insufficient data to determine if 1596's revenue is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if 1596's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Hebei Yichen Industrial Group performed over the past 5 years?
-11.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 1596 has high quality earnings.
Growing Profit Margin: 1596's current net profit margins (15.9%) are higher than last year (15.4%).
Past Earnings Growth Analysis
Earnings Trend: 1596's earnings have declined by -11.4% per year over the past 5 years.
Accelerating Growth: 1596's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 1596 had negative earnings growth (-0.3%) over the past year, making it difficult to compare to the Machinery industry average (6.1%).
Return on Equity
High ROE: 1596's Return on Equity (8%) is considered low.
Return on Assets
Return on Capital Employed
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) exceeds its short term liabilities (CN¥549.4M)
Long Term Liabilities: 1596's short term assets (1.8B) exceeds its long term liabilities (76.4M)
Debt to Equity History and Analysis
Debt Level: 1596's debt to equity ratio (7.6%) is considered satisfactory
Reducing Debt: 1596's debt to equity ratio has reduced from 50.6% to 7.6% over the past 5 years.
Debt Coverage: 1596's debt is well covered by operating cash flow (175%).
Interest Coverage: 1596's interest payments on its debt are well covered by EBIT (17.1x coverage).
Balance Sheet
Inventory Level: 1596 has a high level of physical assets or inventory.
Debt Coverage by Assets: 1596's debt is covered by short term assets (assets are 12x debt).
Next Steps
Dividend
What is Hebei Yichen Industrial Group's current dividend yield, its reliability and sustainability?
2.27%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: 1596's dividend (2.27%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.2%).
High Dividend: 1596's dividend (2.27%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.29%).
Stability and Growth of Payments
Stable Dividend: 1596 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 1596 has only been paying a dividend for 2 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (45.6%), 1596'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
What is the CEO of Hebei Yichen Industrial Group's salary, the management and board of directors tenure and is there insider trading?
7.8yrs
Average management tenure
CEO
Ligang Zhang (47yo)
0yrs
Tenure
CN¥246,000
Compensation
Mr. Ligang Zhang serves as Chief Executive Officer and General Manager of Hebei Yichen Industrial Group Co., Ltd., and has been its Executive Director since January 1, 2012. Mr. Zhang is responsible for th ...
Management Age and Tenure
7.8yrs
Average Tenure
54.5yo
Average Age
Experienced Management: 1596's management team is seasoned and experienced (7.8 years average tenure).
Board Age and Tenure
4.3yrs
Average Tenure
48yo
Average Age
Experienced Board: 1596's board of directors are considered experienced (4.3 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Shares | 3,000,000 |
| Max Price | CN¥3.30 |
| Entity | Company |
| Shares | 6,300,000 |
| Max Price | CN¥2.25 |
| Entity | Individual |
| Shares | 3,040,000 |
| Max Price | CN¥2.65 |
| Entity | Individual |
| Shares | 1,500,000 |
| Max Price | CN¥2.86 |
| Entity | Individual |
| Shares | 1,202,000 |
| Max Price | CN¥3.61 |
| Entity | Individual |
| Shares | 2,632,000 |
| Max Price | CN¥5.26 |
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.2%.
Management Team
Susan Lo (61yo)
Joint Company Secretary
- Tenure: 3.9yrs
Haijun Zhang (67yo)
Chairman of the Board
- Tenure: 18.6yrs
- Compensation: CN¥360.00k
Ligang Zhang (47yo)
CEO, GM & Executive Director
- Tenure: 0yrs
- Compensation: CN¥246.00k
Jinyu Wu (50yo)
CFO & Executive Director
- Tenure: 18.6yrs
- Compensation: CN¥247.00k
Chao Zhang (34yo)
Joint Company Secretary & Executive Director
- Tenure: 4.3yrs
- Compensation: CN¥184.00k
Lihuan Zhang (37yo)
Manager of Welding Business Division & Executive Director
- Tenure: 4.3yrs
- Compensation: CN¥186.00k
Xiulan Fan (66yo)
Executive Director
- Tenure: 4.3yrs
- Compensation: CN¥170.00k
Jinxiang He (59yo)
Chief Engineer
- Tenure: 9.8yrs
Yanfeng Zhang
Deputy Head of Finance Department
- Tenure: 0yrs
Board Members
Terence Jip (49yo)
Independent Non-Executive Director
- Tenure: 4yrs
- Compensation: CN¥151.00k
Haijun Zhang (67yo)
Chairman of the Board
- Tenure: 18.6yrs
- Compensation: CN¥360.00k
Ligang Zhang (47yo)
CEO, GM & Executive Director
- Tenure: 0yrs
- Compensation: CN¥246.00k
Jinyu Wu (50yo)
CFO & Executive Director
- Tenure: 18.6yrs
- Compensation: CN¥247.00k
Chao Zhang (34yo)
Joint Company Secretary & Executive Director
- Tenure: 4.3yrs
- Compensation: CN¥184.00k
Lihuan Zhang (37yo)
Manager of Welding Business Division & Executive Director
- Tenure: 4.3yrs
- Compensation: CN¥186.00k
Xiulan Fan (66yo)
Executive Director
- Tenure: 4.3yrs
- Compensation: CN¥170.00k
Qi Wang (46yo)
Independent Non-Executive Director
- Tenure: 4yrs
- Compensation: CN¥40.00k
Liguo Zhang (61yo)
Independent Non-Executive Director
- Tenure: 4yrs
- Compensation: CN¥40.00k
Hebin Hu (42yo)
- Tenure: 1yrs
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: 1990
- Industry: Construction Machinery and Heavy Trucks
- Sector: Capital Goods
- Market Cap: HK$3.367b
- 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 offers high speed rail fastening system, metro serie ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/11/11 13:03 |
| End of Day Share Price | 2019/11/11 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.