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1609

Chong Kin Group HoldingsSEHK:1609 Stock Report

Market Cap

HK$635.3m

7D

-10.8%

1Y

-76.7%

Updated

21 Oct, 2021

Data

Company Financials
1609 fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health5/6
Dividends0/6

1609 Overview

Chong Kin Group Holdings Limited, an investment holding company, provides concrete placing and other ancillary services to various types of building and infrastructure related projects in Hong Kong, China, the United Kingdom, and Grenada.

Price History & Performance

Summary of all time highs, changes and price drops for Chong Kin Group Holdings
Historical stock prices
Current Share PriceHK$0.58
52 Week HighHK$0.47
52 Week LowHK$9.45
Beta0.77
1 Month Change1.75%
3 Month Change-42.57%
1 Year Change-76.71%
3 Year Change-85.28%
5 Year Change13.73%
Change since IPO-9.38%

Recent News & Updates

Mar 10
Do Institutions Own Chong Kin Group Holdings Limited (HKG:1609) Shares?

Do Institutions Own Chong Kin Group Holdings Limited (HKG:1609) Shares?

A look at the shareholders of Chong Kin Group Holdings Limited ( HKG:1609 ) can tell us which group is most powerful...

Shareholder Returns

1609HK ConstructionHK Market
7D-10.8%1.1%1.8%
1Y-76.7%15.5%5.7%

Return vs Industry: 1609 underperformed the Hong Kong Construction industry which returned 16.5% over the past year.

Return vs Market: 1609 underperformed the Hong Kong Market which returned 6.2% over the past year.

Price Volatility

Is 1609's price volatile compared to industry and market?
1609 volatility
1609 Beta0.77
Industry Beta0.60
Market Beta1

Stable Share Price: 1609 is more volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 14% a week.

Volatility Over Time: 1609's weekly volatility (14%) has been stable over the past year, but is still higher than 75% of Hong Kong stocks.

About the Company

FoundedEmployeesCEOWebsite
200075Chao Mahttps://www.chongkin.com.hk

Chong Kin Group Holdings Limited, an investment holding company, provides concrete placing and other ancillary services to various types of building and infrastructure related projects in Hong Kong, China, the United Kingdom, and Grenada. It provides new energy vehicle sales and leasing, road freight transportation, car leasing, and finance leasing services; and cross-border payment and money exchange, loan finance, and real estate development services. The company also offers remittance and foreign currency exchange services.

Chong Kin Group Holdings Fundamentals Summary

How do Chong Kin Group Holdings's earnings and revenue compare to its market cap?
1609 fundamental statistics
Market CapHK$635.33m
Earnings (TTM)-HK$136.06m
Revenue (TTM)HK$133.43m

4.8x

P/S Ratio

-4.7x

P/E Ratio

Valuation

Is Chong Kin Group Holdings undervalued compared to its fair value and its price relative to the market?

0.79x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 1609's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 1609's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 1609 is unprofitable, so we can't compare its PE Ratio to the Hong Kong Construction industry average.

PE vs Market: 1609 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 1609's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 1609 is good value based on its PB Ratio (0.8x) compared to the HK Construction industry average (1.1x).


Future Growth

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

10.7%

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 Chong Kin Group 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.


Past Performance

How has Chong Kin Group Holdings performed over the past 5 years?

-67.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1609 is currently unprofitable.

Growing Profit Margin: 1609 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 1609 is unprofitable, and losses have increased over the past 5 years at a rate of 67.7% per year.

Accelerating Growth: Unable to compare 1609's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 1609 is unprofitable, making it difficult to compare its past year earnings growth to the Construction industry (18.5%).


Return on Equity

High ROE: 1609 has a negative Return on Equity (-17.98%), as it is currently unprofitable.


Financial Health

How is Chong Kin Group Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 1609's short term assets (HK$598.0M) exceed its short term liabilities (HK$56.1M).

Long Term Liabilities: 1609's short term assets (HK$598.0M) exceed its long term liabilities (HK$2.7M).


Debt to Equity History and Analysis

Debt Level: 1609's debt to equity ratio (0.01%) is considered satisfactory.

Reducing Debt: 1609's debt to equity ratio has reduced from 48.1% to 0.01% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: 1609 has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: 1609 has sufficient cash runway for 1 years if free cash flow continues to reduce at historical rates of 42.8% each year.


Dividend

What is Chong Kin Group Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 1609's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 1609'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 1609's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 1609's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 1609'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?

0.8yrs

Average management tenure


CEO

Chao Ma (38 yo)

0.75

Tenure

HK$27,000

Compensation

Mr. Chao Ma serves as Chief Executive Officer, executive Director and co-Chairman of the Board at Chong Kin Group Holdings Limited since January 18, 2021. Mr. Ma is Co-Chairman of the Board at Sparkle Roll...


CEO Compensation Analysis

Compensation vs Market: Chao's total compensation ($USD3.47K) is below average for companies of similar size in the Hong Kong market ($USD228.12K).

Compensation vs Earnings: Insufficient data to compare Chao's compensation with company performance.


Leadership Team

Experienced Management: 1609's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: 1609's board of directors are not considered experienced ( 0.8 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: 1609 insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 19.7%.


Top Shareholders

Company Information

Chong Kin Group Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Chong Kin Group Holdings Limited
  • Ticker: 1609
  • Exchange: SEHK
  • Founded: 2000
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: HK$635.325m
  • Shares outstanding: 1.10b
  • Website: https://www.chongkin.com.hk

Number of Employees


Location

  • Chong Kin Group Holdings Limited
  • Central Plaza
  • 68th Floor
  • Wan Chai
  • Hong Kong

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/21 18:20
End of Day Share Price2021/10/21 00:00
Earnings2021/03/31
Annual Earnings2021/03/31


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.