Hebei Construction Group
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Hebei Construction Group Corporation Limited engages in the construction contracting of buildings and infrastructure projects in the People's Republic of China. The last earnings update was 53 days ago. More info.
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1727 Share Price and Events
7 Day Returns
1 Year Returns
1727 Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Hebei Construction Group (1727) | 14.5% | 11.1% | 5.2% | 23.9% | - | - |
| HK Construction | 3% | 1% | -11% | -17.1% | -13.6% | 6.7% |
| HK Market | 1.1% | -3.4% | -8.1% | -15.4% | 21.3% | 3.6% |
1 Year Return vs Industry and Market
- 1727 outperformed the Construction industry which returned -17.1% over the past year.
- 1727 outperformed the Market in Hong Kong which returned -15.4% over the past year.
Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Hebei Construction Group
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Hebei Construction Group.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Extrapolated from most recent financials. | See below |
| Discount Rate (Cost of Equity) | See below | 9.1% |
| Perpetual Growth Rate | 10-Year HK Government Bond Rate | 2% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year HK Govt Bond Rate | 2% |
| Equity Risk Premium | S&P Global | 6% |
| Construction Unlevered Beta | Simply Wall St/ S&P Global | 1 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.004 (1 + (1- 25%) (35.9%)) |
1.184 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.18 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.184 * 5.96%) |
9.06% |
Discounted Cash Flow Calculation for SEHK:1727 using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Hebei Construction Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (CNY, Millions) | Source |
Present Value Discounted (@ 9.06%) |
|
|---|---|---|---|
| 2019 | 440.88 | Est @ -40.3% | 404.26 |
| 2020 | 319.15 | Est @ -27.61% | 268.33 |
| 2021 | 259.39 | Est @ -18.73% | 199.97 |
| 2022 | 226.95 | Est @ -12.51% | 160.42 |
| 2023 | 208.44 | Est @ -8.15% | 135.10 |
| 2024 | 197.80 | Est @ -5.11% | 117.55 |
| 2025 | 191.91 | Est @ -2.97% | 104.58 |
| 2026 | 189.07 | Est @ -1.48% | 94.47 |
| 2027 | 188.25 | Est @ -0.44% | 86.25 |
| 2028 | 188.80 | Est @ 0.3% | 79.31 |
| Present value of next 10 years cash flows | CN¥1,650.23 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= CN¥188.80 × (1 + 2%) ÷ (9.06% – 2%) |
CN¥2,728.99 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= CN¥2,728.99 ÷ (1 + 9.06%)10 |
CN¥1,146.43 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= CN¥1,650.23 + CN¥1,146.43 |
CN¥2,796.66 |
| Equity Value per Share (CNY) |
= Total value / Shares Outstanding
= CN¥2,796.66 / 1,761.38 |
CN¥1.59 |
| Calculation | Result | |
|---|---|---|
| Exchange Rate | CNY/HKD
(Reporting currency to currency of SEHK:1727) |
1.13 |
| Value per Share (HKD) |
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥1.59 x 1.13 |
HK$1.79 |
| Value per share (HKD) | From above. | HK$1.79 |
| Current discount | Discount to share price of
HK$6.22
= -1 x (HK$6.22 - HK$1.79) / HK$1.79 |
-246.6% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Hebei Construction Group is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Hebei Construction Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Hebei Construction Group's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in CNY | CN¥0.63 |
| SEHK:1727 Share Price ** | SEHK (2019-06-14) in HKD | HK$6.22 |
| SEHK:1727 Share Price converted to CNY reporting currency | Exchange rate (HKD/ CNY) 0.885 | CN¥5.5 |
| Hong Kong Construction Industry PE Ratio | Median Figure of 105 Publicly-Listed Construction Companies | 10.68x |
| Hong Kong Market PE Ratio | Median Figure of 1,488 Publicly-Listed Companies | 10.77x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Hebei Construction Group.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = SEHK:1727 Share Price ÷ EPS (both in CNY) = 5.5 ÷ 0.63 |
8.71x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Hebei Construction Group is good value based on earnings compared to the HK Construction industry average.
- Hebei Construction Group is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does
Hebei Construction Group's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 8.71x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts |
Not available |
| Hong Kong Construction Industry PEG Ratio | Median Figure of 9 Publicly-Listed Construction Companies | 0.55x |
| Hong Kong Market PEG Ratio | Median Figure of 466 Publicly-Listed Companies | 0.77x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to calculate PEG ratio for Hebei Construction Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Hebei Construction Group's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in CNY | CN¥2.94 |
| SEHK:1727 Share Price * | SEHK (2019-06-14) in HKD | HK$6.22 |
| SEHK:1727 Share Price converted to CNY reporting currency | Exchange rate (HKD/ CNY) 0.885 | CN¥5.5 |
| Hong Kong Construction Industry PB Ratio | Median Figure of 133 Publicly-Listed Construction Companies | 1.34x |
| Hong Kong Market PB Ratio | Median Figure of 2,169 Publicly-Listed Companies | 0.94x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = SEHK:1727 Share Price ÷ Book Value per Share (both in CNY) = 5.5 ÷ 2.94 |
1.87x |
* Primary Listing of Hebei Construction Group.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Hebei Construction Group is overvalued based on assets compared to the HK Construction industry average.
Value checks
We assess Hebei Construction Group's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Construction industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Construction industry average (and greater than 0)? (1 check) Hebei Construction Group has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
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 Construction 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 Simply Wall St do have past financial data. You can see them here.
Show me the analysis anyway
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Unable to compare Hebei Construction Group's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
- Unable to compare Hebei Construction Group's earnings growth to the Hong Kong market average as no estimate data is available.
- Unable to compare Hebei Construction Group's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| Hong Kong Construction Industry Earnings Growth Rate | Market Cap Weighted Average | 12.6% |
| Hong Kong Construction Industry Revenue Growth Rate | Market Cap Weighted Average | 10% |
| Hong Kong Market Earnings Growth Rate | Market Cap Weighted Average | 11.3% |
| Hong Kong Market Revenue Growth Rate | Market Cap Weighted Average | 10.9% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (5 months ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| Date (Data in CNY Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|
| Date (Data in CNY Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 46,649 | 939 | 1,113 |
| 2018-09-30 | 43,507 | 718 | 1,106 |
| 2018-06-30 | 40,365 | 497 | 1,100 |
| 2018-03-31 | 40,771 | 11 | 1,063 |
| 2017-12-31 | 41,177 | -475 | 1,026 |
| 2017-09-30 | 40,612 | -551 | 1,098 |
| 2017-06-30 | 40,047 | -628 | 1,169 |
| 2017-03-31 | 39,328 | 817 | 1,087 |
| 2016-12-31 | 38,609 | 2,262 | 1,005 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (5 months ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
All data from Hebei Construction Group Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in CNY Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|
| Date (Data in CNY Millions) | EPS * |
|---|---|
| 2018-12-31 | 0.63 |
| 2018-09-30 | 0.67 |
| 2018-06-30 | 0.71 |
| 2018-03-31 | 0.74 |
| 2017-12-31 | 0.78 |
| 2017-09-30 | 0.86 |
| 2017-06-30 | 0.94 |
| 2017-03-31 | 0.89 |
| 2016-12-31 | 0.84 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if Hebei Construction Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess Hebei Construction Group's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Hebei Construction Group has a total score of 0/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has Hebei Construction Group performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Hebei Construction Group's year on year earnings growth rate has been positive over the past 5 years.
- Hebei Construction Group's 1-year earnings growth is less than its 5-year average (8.5% vs 19.6%)
- Hebei Construction Group's earnings growth has exceeded the HK Construction industry average in the past year (8.5% vs -9.4%).
Earnings and Revenue History
All data from Hebei Construction Group Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in CNY Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 46,649.24 | 1,112.52 | 466.25 | |
| 2018-09-30 | 43,507.08 | 1,106.43 | 447.91 | |
| 2018-06-30 | 40,364.92 | 1,100.34 | 429.56 | |
| 2018-03-31 | 40,771.13 | 1,062.93 | 446.06 | |
| 2017-12-31 | 41,177.34 | 1,025.52 | 462.56 | |
| 2017-09-30 | 40,612.27 | 1,097.51 | 444.98 | |
| 2017-06-30 | 40,047.20 | 1,169.50 | 427.40 | |
| 2017-03-31 | 39,328.30 | 1,087.40 | 409.53 | |
| 2016-12-31 | 38,609.40 | 1,005.31 | 391.65 | |
| 2015-12-31 | 27,215.65 | 539.09 | 265.53 | |
| 2014-12-31 | 24,859.14 | 366.58 | 258.62 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Hebei Construction Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Hebei Construction Group used its assets less efficiently than the HK Construction industry average last year based on Return on Assets.
- Hebei Construction Group has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Hebei Construction Group's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Construction industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Hebei Construction Group has a total score of 3/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is Hebei Construction Group's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Hebei Construction Group's finances.
The net worth of a company is the difference between its assets and liabilities.
- Hebei Construction Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Hebei Construction Group's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Debt is covered by short term assets, assets are 16.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Hebei Construction Group Company Filings, last reported 5 months ago.
| Date (Data in CNY Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 5,688.39 | 3,480.22 | 9,130.62 |
| 2018-09-30 | 5,688.39 | 3,480.22 | 9,130.62 |
| 2018-06-30 | 5,020.30 | 3,712.35 | 4,391.40 |
| 2018-03-31 | 5,020.30 | 3,712.35 | 4,391.40 |
| 2017-12-31 | 4,311.31 | 3,569.14 | 8,143.51 |
| 2017-09-30 | 4,311.31 | 3,569.14 | 8,143.51 |
| 2017-06-30 | 2,468.33 | 3,769.49 | 6,042.59 |
| 2017-03-31 | 2,468.33 | 3,769.49 | 6,042.59 |
| 2016-12-31 | 3,089.68 | 3,856.54 | 6,994.53 |
| 2015-12-31 | 2,171.77 | 5,471.45 | 5,422.44 |
| 2014-12-31 | 1,946.13 | 4,772.47 | 4,194.69 |
- Hebei Construction Group's level of debt (61.2%) compared to net worth is high (greater than 40%).
- Unable to establish if Hebei Construction Group's debt level has increased without past 5-year debt data.
- Debt is well covered by operating cash flow (27%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 21.2x coverage).
Financial health checks
We assess Hebei Construction Group's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Hebei Construction Group has a total score of 4/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is Hebei Construction Group's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
HK$2,000 of
Hebei Construction Group
shares you are expected to receive
HK$109
in your first year as a dividend.
Dividend Amount
- Hebei Construction Group's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.07%).
- Hebei Construction Group's dividend is below the markets top 25% of dividend payers in Hong Kong (5.92%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| Hong Kong Construction Industry Average Dividend Yield | Market Cap Weighted Average of 42 Stocks | 3.8% |
| Hong Kong Market Average Dividend Yield | Market Cap Weighted Average of 966 Stocks | 3.7% |
| Hong Kong Minimum Threshold Dividend Yield | 10th Percentile | 1.2% |
| Hong Kong Bottom 25% Dividend Yield | 25th Percentile | 2.1% |
| Hong Kong Top 25% Dividend Yield | 75th Percentile | 5.9% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in CN¥) | Dividend per Share (annual) | Avg. No. Analysts |
|---|
| Date (Data in CN¥) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-04-23 | 0.300 | 5.994 |
| 2019-03-25 | 0.300 | 5.216 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- It is too early to tell whether Hebei Construction Group has stable dividend payments.
- Hebei Construction Group only just started paying a dividend, it is too early to tell if payments are increasing.
Income/ dividend checks
We assess Hebei Construction Group's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Hebei Construction Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Hebei Construction Group has a total score of 2/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | CN¥808,000 |
| AGE | 41 |
| TENURE AS CEO | 2.3 years |
CEO Bio
Mr. Jinfeng Shang has been President and Executive Director of Hebei Construction Group Corporation Limited since March 31, 2017. Mr. Shang serves as the General Manager of Baoding Mancheng District Zhongbao Investment Co., Ltd. Mr. Shang has over 19 years of experience in the construction engineering industry and corporate management. His previous primary work experience included as a Technician, the person in charge of technology and the Project Manager of HCG Tianchen Construction Engineering from July 1998 to October 2008, Vice General Manager in charge of production of HCG Tianchen Construction Engineering from March 2008 to December 2010, a Standing Vice General Manager and the General Manager of HCG Tianchen Construction Engineering from December 2010 to January 2017 and a Vice President and a Standing Vice President of Hebei Construction Group Corporation Limited from December 2013 to March 2017. He joined the Hebei Construction Group Corporation Limited in July 1998. He serves as a director of HCG Tianchen Construction Engineering and Hebei Lvjian Investment Company. Mr. Shang obtained the qualifications of national certified constructor from the Ministry of Construction of the PRC in January 2008 and senior engineer from the Qualification Reform Leading Group Office of Hebei Province in December 2013. Mr. Shang was accredited the Wusi Youth Medal of Baoding City jointly from China Communist Youth League Baoding Committee, Bureau of Human Resources and Social Security of Baoding and Baoding Youth Federation in May 2012. Mr. Shang has been awarded as the Excellent Enterprise Manager in Construction Industry by Hebei Building Industry Association for five times from 2012 to 2017 and a second-level candidate of New Century Triple Talents Project of Hebei Province by Leading Group of Triple Talents Project of Hebei Province in December 2015. Mr. Shang obtained an undergraduate diploma in urban construction from the Agricultural University of Hebei Province in Baoding, the PRC in July 1998 and an EMBA degree from Peking University in Beijing, the PRC in January 2016.
CEO Compensation
- Jinfeng's compensation has been consistent with company performance over the past year, both up more than 20%.
- Jinfeng's remuneration is lower than average for companies of similar size in Hong Kong.
Management Team Tenure
Average tenure and age of the Hebei Construction Group management team in years:
- The tenure for the Hebei Construction Group management team is about average.
Management Team
Baozhong Li
Executive Chairman of the Board
CN¥991K
48
3.5 yrs
Jinfeng Shang
President & Executive Director
CN¥808K
41
2.3 yrs
Yongjian Liu
VP & Executive Director
CN¥943K
54
11.4 yrs
Xiujian Feng
Vice Chief Accountant
40
Wensheng Zhao
Chief Accountant
49
6.4 yrs
Jingqiao Liu
Director of Party & Administration Office and Employee Supervisor
56
Jianming Yue
Head of Legal Affairs Department & Employee Supervisor
45
Feng Wang
Deputy Head of Enterprise Management Dept.
38
Qiuli Gao
VP & Chief Engineer
CN¥518K
54
17.9 yrs
Wutie Li
Joint Company Secretary & Assistant to the President
31
1.5 yrs
Board of Directors Tenure
Average tenure and age of the Hebei Construction Group board of directors in years:
- The average tenure for the Hebei Construction Group board of directors is less than 3 years, this suggests a new board.
Board of Directors
Baozhong Li
Executive Chairman of the Board
CN¥991K
48
3.5 yrs
Jinfeng Shang
President & Executive Director
CN¥808K
41
2.3 yrs
Qingshe Cao
Vice Chairman of the Board
CN¥817K
53
2.3 yrs
Baoyuan Li
Honorary Chairman
CN¥884K
67
3.5 yrs
Yongjian Liu
VP & Executive Director
CN¥943K
54
5.5 yrs
Xiujian Feng
Vice Chief Accountant
40
6.4 yrs
Wensheng Zhao
Chief Accountant
49
0.3 yrs
Jingqiao Liu
Director of Party & Administration Office and Employee Supervisor
56
2.3 yrs
Jianming Yue
Head of Legal Affairs Department & Employee Supervisor
45
2.3 yrs
Feng Wang
Deputy Head of Enterprise Management Dept.
38
2.3 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (HK$) | Value (HK$) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 15. Jan 19 | Sell | Wei Zhang | Individual | 14. Jan 19 | 14. Jan 19 | -18,000,000 | HK$3.67 | HK$-66,060,037 | ||
| 06. Dec 18 | Sell | Wei Zhang | Individual | 05. Nov 18 | 05. Nov 18 | -13,500,000 | HK$4.27 | HK$-57,644,955 | ||
| 05. Nov 18 | Sell | Wei Zhang | Individual | 30. Oct 18 | 30. Oct 18 | -14,100,000 | HK$4.08 | HK$-57,489,876 | ||
| 13. Aug 18 | Sell | Panhou Capital Management Limited | Company | 31. Jul 18 | 31. Jul 18 | -29,996,000 | HK$4.68 | HK$-140,381,343 | ||
Management checks
We assess Hebei Construction Group's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Hebei Construction Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
Hebei Construction Group Corporation Limited (HKG:1727) Delivered A Better ROE Than Its Industry
The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Hebei Construction Group: 20% = CN¥1.1b ÷ CN¥5.7b (Based on the trailing twelve months to December 2018.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … Does Hebei Construction Group Have A Good Return On Equity? … Hebei Construction Group's Debt And Its 20% ROE While Hebei Construction Group does have some debt, with debt to equity of just 0.61, we wouldn't say debt is excessive.
Simply Wall St - – Full articleAre Hebei Construction Group Corporation Limited's (HKG:1727) Interest Costs Too High?
While small-cap stocks, such as Hebei Construction Group Corporation Limited (HKG:1727) with its market cap of HK$11b, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn.
Simply Wall St - – Full articleUpdate: Hebei Construction Group (HKG:1727) Stock Gained 32% In The Last Year
For example, the Hebei Construction Group Corporation Limited (HKG:1727) share price is up 32% in the last year, clearly besting than the market return of around -10% (not including dividends). … During the last year, Hebei Construction Group actually saw its earnings per share drop 25%. … Revenue was pretty stable on last year, so deeper research might be needed to explain the share price rise.
Simply Wall St - – Full articleHere's How P/E Ratios Can Help Us Understand Hebei Construction Group Corporation Limited (HKG:1727)
To keep it practical, we'll show how Hebei Construction Group Corporation Limited's (HKG:1727) P/E ratio could help you assess the value on offer. … Price to Earnings Ratio = Share Price (in reporting currency) ÷ Earnings per Share (EPS) … P/E of 6.52 = CN¥4.63 (Note: this is the share price in the reporting currency, namely, CNY ) ÷ CN¥0.71
Simply Wall St - – Full articleCan Hebei Construction Group Corporation Limited (HKG:1727) Maintain Its Strong Returns?
With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … To keep the lesson grounded in practicality, we'll use ROE to better understand Hebei Construction Group Corporation Limited (HKG:1727). … One way to conceptualize this, is that for each HK$1 of shareholders' equity it has, the company made HK$0.22 in profit.
Simply Wall St - – Full articleHave Investors Priced In Hebei Construction Group Corporation Limited's (HKG:1727) Growth?
Hebei Construction Group Corporation Limited (HKG:1727) closed yesterday at HK$4.32, which left some investors asking whether the high earnings potential can still be justified at this price. … What can we expect from Hebei Construction Group in the future. … According to the analysts covering the company, the following few years should bring about good growth prospects for Hebei Construction Group
Simply Wall St - – Full articleWhat You Need To Know About Hebei Construction Group Corporation Limited’s (HKG:1727) Cash Situation
Two important questions to ask before you buy Hebei Construction Group Corporation Limited (HKG:1727) is, how it makes money and how it spends its cash. … Today we will examine Hebei Construction Group’s ability to generate cash flows, as well as the level of capital expenditure it is expected to incur over the next couple of years, which will result in how much money goes to you. … Hebei Construction Group generates cash through its day-to-day business, which needs to be reinvested into the company in order for it to continue operating
Simply Wall St - – Full articleHebei Construction Group Corporation Limited (HKG:1727) Insiders Increased Their Holdings
So shareholders might well want to know whether insiders have been buying or selling shares in Hebei Construction Group Corporation Limited (HKG:1727). … The Last 12 Months Of Insider Transactions At Hebei Construction Group. … In total, Hebei Construction Group insiders bought more than they sold over the last year
Simply Wall St - – Full articleIs Hebei Construction Group Corporation Limited (HKG:1727) A Financially Sound Company?
While small-cap stocks, such as Hebei Construction Group Corporation Limited (HKG:1727) with its market cap of HK$7.3b, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Assessing first and foremost the financial health is. … Here are a few basic checks that are good enough to have a broad overview of the company’s financial strength.
Simply Wall St - – Full articleIs Hebei Construction Group Corporation Limited's (HKG:1727) P/E Ratio Really That Good?
Hebei Construction Group has a price to earnings ratio of 5.23, based on the last twelve months. … Price to Earnings Ratio = Price per Share (in the reporting currency) ÷ Earnings per Share (EPS) … P/E of 5.23 = CN¥3.71 (Note: this is the share price in the reporting currency, namely, CNY ) ÷ CN¥0.71
Simply Wall St - – Full articleCompany Info
Description
Hebei Construction Group Corporation Limited engages in the construction contracting of buildings and infrastructure projects in the People's Republic of China. The company operates through two segments, Construction Contracting and Others. It undertakes construction contracting works of residential, public, industrial, and commercial buildings; and municipal and transportation infrastructure, including facilities for water supply and treatment, gas and heating, urban pipelines, roads, bridges, and airport runways, as well as specialized construction works, including electrical and mechanical installation, steel structure, and decoration and fireproofing projects. The company also develops and manages properties. Hebei Construction Group Corporation Limited was founded in 1952 and is headquartered in Baoding, the People's Republic of China.
Details
| Name: | Hebei Construction Group Corporation Limited |
| 1727 | |
| Exchange: | SEHK |
| Founded: | 1952 |
| HK$10,955,805,370 | |
| 1,761,383,500 | |
| Website: | http://www.hebjs.com.cn |
| Address: |
Hebei Construction Group Corporation Limited 125 Lugang Road, Jingxiu District, Baoding, Hebei Province, China |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| SEHK | 1727 | Foreign Shares-Foreign Listed | The Stock Exchange of Hong Kong Ltd. | HK | HKD | 15. Dec 2017 |
Number of employees
Current staff
Industry
| Construction and Engineering | |
| Capital Goods |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/06/15 12:58 |
| End of day share price update: | 2019/06/14 00:00 |
| Last estimates confirmation: | 2019/03/25 |
| Last earnings filing: | 2019/04/23 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
