SEHK:1647

Stock Analysis Report

Grandshores Technology Group

Executive Summary

Grandshores Technology Group Limited, an investment holding company, provides integrated building services in Singapore.


Snowflake Analysis

Excellent balance sheet and overvalued.

Share Price & News

How has Grandshores Technology Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 1647's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

1.9%

1647

6.7%

HK Construction

5.3%

HK Market


1 Year Return

-82.7%

1647

-33.4%

HK Construction

-20.4%

HK Market

Return vs Industry: 1647 underperformed the Hong Kong Construction industry which returned -35.1% over the past year.

Return vs Market: 1647 underperformed the Hong Kong Market which returned -22.7% over the past year.


Shareholder returns

1647IndustryMarket
7 Day1.9%6.7%5.3%
30 Day-37.4%-8.3%-8.5%
90 Day-54.7%-15.7%-14.7%
1 Year-82.7%-82.7%-30.0%-33.4%-17.6%-20.4%
3 Year-74.6%-74.6%-45.3%-51.0%-2.5%-12.3%
5 Yearn/a-47.4%-55.1%-5.7%-20.9%

Price Volatility Vs. Market

How volatile is Grandshores Technology Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Grandshores Technology Group undervalued compared to its fair value and its price relative to the market?

26.02x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 1647's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 1647's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 1647 is poor value based on its PE Ratio (26x) compared to the Construction industry average (7.9x).

PE vs Market: 1647 is poor value based on its PE Ratio (26x) compared to the Hong Kong market (8.9x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 1647's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 1647 is good value based on its PB Ratio (0.8x) compared to the HK Construction industry average (0.9x).


Next Steps

Future Growth

How is Grandshores Technology Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

10.8%

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 Grandshores Technology 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

Past Performance

How has Grandshores Technology Group performed over the past 5 years?

-12.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1647 has a high level of non-cash earnings.

Growing Profit Margin: 1647's current net profit margins (3.1%) are lower than last year (8.4%).


Past Earnings Growth Analysis

Earnings Trend: 1647's earnings have declined by -12.4% per year over the past 5 years.

Accelerating Growth: 1647's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 1647 had negative earnings growth (-65.9%) over the past year, making it difficult to compare to the Construction industry average (-7.1%).


Return on Equity

High ROE: 1647's Return on Equity (4.2%) is considered low.


Next Steps

Financial Health

How is Grandshores Technology Group's financial position?


Financial Position Analysis

Short Term Liabilities: 1647's short term assets (SGD55.1M) exceed its short term liabilities (SGD6.7M).

Long Term Liabilities: 1647's short term assets (SGD55.1M) exceed its long term liabilities (SGD2.8M).


Debt to Equity History and Analysis

Debt Level: 1647's debt to equity ratio (4.8%) is considered satisfactory.

Reducing Debt: 1647's debt to equity ratio has reduced from 44.2% to 4.8% over the past 5 years.

Debt Coverage: 1647's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 1647 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: 1647 has a high level of physical assets or inventory.

Debt Coverage by Assets: 1647's debt is covered by short term assets (assets are 20.1x debt).


Next Steps

Dividend

What is Grandshores Technology Group's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 1647's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 1647's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 1647's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 1647'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 1647'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?

1.4yrs

Average management tenure


CEO

Jia Li (34yo)

0.83

Tenure

Ms. Li Jia serves as Co-Chief Executive Officer of Grandshores Technology Group Limited since May 08, 2019 and served as its Executive Director since May 08, 2019. Ms. Li holds a bachelor degree in economi ...


Leadership Team

NamePositionTenureCompensationOwnership
Yongjie Yao
Chairman of the Board0.42yrS$171.52kno data
Jia Li
Co-Chief Executive Officer0.83yrno data0.00097% SGD2.1k
Qian Wang
Co-Chief Executive Officer1.42yrsno datano data
Ngai Wong
Financial Controller & Company Secretary1.67yrsno datano data

1.4yrs

Average Tenure

36yo

Average Age

Experienced Management: 1647's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Yongjie Yao
Chairman of the Board0.42yrS$171.52kno data
Seng Chua
Non-Executive Director3.83yrsS$1.57mno data
Chung Yue Chu
Independent Non-Executive Director1.67yrsS$26.36k0.097% SGD214.0k
Weining Zhang
Independent Non-Executive Director1.67yrsS$26.36kno data
Wenzhuo Yu
Independent Non-Executive Director1.67yrsS$26.36kno data
Xuwen Lu
Non-Executive Director1.42yrsS$43.53kno data

1.7yrs

Average Tenure

47.5yo

Average Age

Experienced Board: 1647's board of directors are not considered experienced ( 1.7 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Grandshores Technology Group Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Grandshores Technology Group Limited
  • Ticker: 1647
  • Exchange: SEHK
  • Founded: 2016
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: HK$220.536m
  • Shares outstanding: 1.03b
  • Website: https://www.grandshorestech.com

Number of Employees


Location

  • Grandshores Technology Group Limited
  • 18 Kaki Bukit Place
  • Eunos Techpark
  • Singapore
  • 416196
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1647SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDMar 2017

Biography

Grandshores Technology Group Limited, an investment holding company, provides integrated building services in Singapore. The company engages in the maintenance and installation of mechanical and electrical systems for public and private sector projects, as well as provision of repair, renovation, and improvement works. It also undertakes building and construction works; invests in properties; and provides financial technology services. In addition, the company engages in the operation, maintenance, and management of data centers and other data processing facilities and equipment in relation to blockchain technologies; operation of digital assets trading platform; provision of blockchain strategic advisory services; and research, cultivation, and processing of industrial hemp, as well as extraction of cannabidiol. Grandshores Technology Group Limited was formerly known as SHIS Limited and changed its name to Grandshores Technology Group Limited in August 2018. The company was incorporated in 2016 and is headquartered in Singapore. Grandshores Technology Group Limited is a subsidiary of Morgan Hill Holdings Limited. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/31 13:24
End of Day Share Price2020/03/31 00:00
Earnings2019/09/30
Annual Earnings2019/03/31


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.