SEHK:1746

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Man Shun Group (Holdings)

Executive Summary

Man Shun Group (Holdings) Limited, an investment holding company, installs heating, ventilation, and air-conditioning (HVAC) systems in Hong Kong.


Snowflake Analysis

Adequate balance sheet with poor track record.

Share Price & News

How has Man Shun Group (Holdings)'s share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 1746 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-8.0%

1746

1.4%

HK Construction

1.4%

HK Market


1 Year Return

-9.2%

1746

-17.5%

HK Construction

3.1%

HK Market

Return vs Industry: 1746 exceeded the Hong Kong Construction industry which returned -17.5% over the past year.

Return vs Market: 1746 underperformed the Hong Kong Market which returned 3.1% over the past year.


Shareholder returns

1746IndustryMarket
7 Day-8.0%1.4%1.4%
30 Day-4.2%0.08%-0.8%
90 Day-2.8%-0.3%8.8%
1 Year-9.2%-9.2%-13.1%-17.5%7.4%3.1%
3 Yearn/a-37.7%-45.6%-0.2%-10.9%
5 Yearn/a-39.9%-50.2%8.9%-9.3%

Price Volatility Vs. Market

How volatile is Man Shun Group (Holdings)'s share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Man Shun Group (Holdings) undervalued compared to its fair value and its price relative to the market?

342.6x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 1746's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 1746's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 1746 is poor value based on its PE Ratio (342.6x) compared to the HK Construction industry average (8.3x).

PE vs Market: 1746 is poor value based on its PE Ratio (342.6x) compared to the Hong Kong market (10.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 1746's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 1746 is overvalued based on its PB Ratio (2.1x) compared to the HK Construction industry average (0.9x).


Next Steps

Future Growth

How is Man Shun Group (Holdings) forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

10.2%

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 Man Shun 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.


Next Steps

Past Performance

How has Man Shun Group (Holdings) performed over the past 5 years?

-36.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1746 has high quality earnings.

Growing Profit Margin: 1746's current net profit margins (0.9%) are lower than last year (7.7%).


Past Earnings Growth Analysis

Earnings Trend: 1746's earnings have declined by 36.3% per year over the past 5 years.

Accelerating Growth: 1746's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 1746 had negative earnings growth (-92%) over the past year, making it difficult to compare to the Construction industry average (-7.7%).


Return on Equity

High ROE: 1746's Return on Equity (0.6%) is considered low.


Next Steps

Financial Health

How is Man Shun Group (Holdings)'s financial position?


Financial Position Analysis

Short Term Liabilities: 1746's short term assets (HK$183.9M) exceed its short term liabilities (HK$23.6M).

Long Term Liabilities: 1746's short term assets (HK$183.9M) exceed its long term liabilities (HK$1.3M).


Debt to Equity History and Analysis

Debt Level: 1746's debt to equity ratio (0.8%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if 1746's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 1746's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 1746 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Man Shun Group (Holdings) current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 1746's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 1746'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 1746's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 1746'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 1746'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?

2.2yrs

Average board tenure


CEO

Gary Cheung (55 yo)

no data

Tenure

HK$1,878,000

Compensation

Mr. Yuen Chau Cheung also known as Gary, serves as Chief Executive Officer at Man Shun Group (Holdings) Limited and has been Executive Director its since March 12, 2018. Mr. Cheung served as a Director of ...


CEO Compensation Analysis

Compensation vs Market: Gary's total compensation ($USD242.32K) is about average for companies of similar size in the Hong Kong market ($USD232.38K).

Compensation vs Earnings: Gary's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Yuen-Tung Cheung
Chairman of the Boardno dataHK$1.99mno data
Yuen-Chau Cheung
CEO & Executive Directorno dataHK$1.88mno data
Chung Lam Law
Independent Non-Executive Director2.17yrsHK$180.00kno data
Yu Ching Lau
Independent Non-Executive Director2.17yrsHK$180.00kno data
Kam Fai Pang
Independent Non-Executive Director2.17yrsHK$180.00kno data

2.2yrs

Average Tenure

57yo

Average Age

Experienced Board: 1746's board of directors are not considered experienced ( 2.2 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.


Ownership Breakdown

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


Top Shareholders

Company Information

Man Shun Group (Holdings) Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Man Shun Group (Holdings) Limited
  • Ticker: 1746
  • Exchange: SEHK
  • Founded: 1996
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: HK$365.000m
  • Shares outstanding: 1.00b
  • Website: https://www.manshungroup.com.hk

Number of Employees


Location

  • Man Shun Group (Holdings) Limited
  • Cheung Fung Industrial Building
  • 19th Floor
  • Tsuen Wan
  • New Territories
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1746SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJul 2018

Biography

Man Shun Group (Holdings) Limited, an investment holding company, installs heating, ventilation, and air-conditioning (HVAC) systems in Hong Kong. The company also provides HVAC electrical and mechanical e ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/04 12:53
End of Day Share Price2020/08/04 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.