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Man Shun Group (Holdings)

SEHK:1746
Snowflake Description

Excellent balance sheet with concerning outlook.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1746
SEHK
HK$385M
Market Cap
  1. Home
  2. HK
  3. Capital Goods
Company description

Man Shun Group (Holdings) Limited provides heating, ventilation, and air-conditioning system electrical and mechanical engineering services in Hong Kong. The last earnings update was 84 days ago. More info.


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1746 Share Price and Events
7 Day Returns
-1.3%
SEHK:1746
0.1%
HK Construction
-0.7%
HK Market
1 Year Returns
23.8%
SEHK:1746
-13.6%
HK Construction
-5.7%
HK Market
1746 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Man Shun Group (Holdings) (1746) -1.3% -1.3% 11.4% 23.8% - -
HK Construction 0.1% -7.5% -13% -13.6% -22% -5.7%
HK Market -0.7% -0.9% -8.1% -5.7% 16.3% -0.3%
1 Year Return vs Industry and Market
  • 1746 outperformed the Construction industry which returned -13.6% over the past year.
  • 1746 outperformed the Market in Hong Kong which returned -5.7% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

Value

 Is Man Shun Group (Holdings) undervalued based on future cash flows and its price relative to the stock market?

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 Man Shun Group (Holdings) 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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Man Shun Group (Holdings).

SEHK:1746 Discounted Cash Flow Data Sources
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 8.8%
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.

Calculation of Discount Rate/ Cost of Equity for SEHK:1746
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6.7%
Construction Unlevered Beta Simply Wall St/ S&P Global 1.04
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.037 (1 + (1- 25%) (0.37%))
1.027
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.03
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.027 * 6.65%)
8.83%

Discounted Cash Flow Calculation for SEHK:1746 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Man Shun Group (Holdings) 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.

SEHK:1746 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 8.83%)
2020 12.68 Est @ -16.62% 11.65
2021 11.28 Est @ -11.04% 9.52
2022 10.48 Est @ -7.12% 8.13
2023 10.02 Est @ -4.39% 7.14
2024 9.77 Est @ -2.47% 6.40
2025 9.66 Est @ -1.13% 5.81
2026 9.64 Est @ -0.19% 5.33
2027 9.69 Est @ 0.47% 4.92
2028 9.78 Est @ 0.93% 4.56
2029 9.90 Est @ 1.25% 4.25
Present value of next 10 years cash flows HK$67.72
SEHK:1746 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= HK$9.90 × (1 + 2%) ÷ (8.83% – 2%)
HK$147.86
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$147.86 ÷ (1 + 8.83%)10
HK$63.43
SEHK:1746 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$67.72 + HK$63.43
HK$131.15
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$131.15 / 1,000.00
HK$0.13
SEHK:1746 Discount to Share Price
Calculation Result
Value per share (HKD) From above. HK$0.13
Current discount Discount to share price of HK$0.39
= -1 x (HK$0.39 - HK$0.13) / HK$0.13
-197.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Man Shun Group (Holdings) is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Man Shun Group (Holdings)'s earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Man Shun Group (Holdings)'s earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:1746 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in HKD HK$0.01
SEHK:1746 Share Price ** SEHK (2019-07-23) in HKD HK$0.39
Hong Kong Construction Industry PE Ratio Median Figure of 105 Publicly-Listed Construction Companies 10.2x
Hong Kong Market PE Ratio Median Figure of 1,512 Publicly-Listed Companies 10.66x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Man Shun Group (Holdings).

SEHK:1746 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1746 Share Price ÷ EPS (both in HKD)

= 0.39 ÷ 0.01

26.92x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Man Shun Group (Holdings) is overvalued based on earnings compared to the HK Construction industry average.
  • Man Shun Group (Holdings) is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Man Shun Group (Holdings)'s expected growth come at a high price?
Raw Data
SEHK:1746 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 26.92x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
9.1%per year
Hong Kong Construction Industry PEG Ratio Median Figure of 10 Publicly-Listed Construction Companies 0.56x
Hong Kong Market PEG Ratio Median Figure of 481 Publicly-Listed Companies 0.8x

*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 Man Shun Group (Holdings), we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Man Shun Group (Holdings)'s assets?
Raw Data
SEHK:1746 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in HKD HK$0.16
SEHK:1746 Share Price * SEHK (2019-07-23) in HKD HK$0.39
Hong Kong Construction Industry PB Ratio Median Figure of 136 Publicly-Listed Construction Companies 1.38x
Hong Kong Market PB Ratio Median Figure of 2,198 Publicly-Listed Companies 0.92x
SEHK:1746 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1746 Share Price ÷ Book Value per Share (both in HKD)

= 0.39 ÷ 0.16

2.43x

* Primary Listing of Man Shun Group (Holdings).

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Man Shun Group (Holdings) is overvalued based on assets compared to the HK Construction industry average.
X
Value checks
We assess Man Shun Group (Holdings)'s value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Construction industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Construction industry average (and greater than 0)? (1 check)
  5. Man Shun Group (Holdings) has a total score of 0/6, 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

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

  • No analysts cover Man Shun Group (Holdings), future earnings growth has been estimated based on fundamentals.
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!
Annual Growth Rate
9.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Man Shun Group (Holdings) expected to grow at an attractive rate?
  • Man Shun Group (Holdings)'s earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • Man Shun Group (Holdings)'s earnings growth is positive but not above the Hong Kong market average.
  • Unable to compare Man Shun Group (Holdings)'s revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:1746 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:1746 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 9.1%
Hong Kong Construction Industry Earnings Growth Rate Market Cap Weighted Average 11.8%
Hong Kong Construction Industry Revenue Growth Rate Market Cap Weighted Average 9.6%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.4%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.6%

*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
Raw Data
SEHK:1746 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:1746 Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
SEHK:1746 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-12-31 164 16 13
2018-09-30 165 11 19
2018-06-30 166 7 26
2018-03-31 146 -11 25
2017-12-31 126 -28 23
2016-12-31 110 27 18

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Man Shun Group (Holdings)'s earnings are expected to grow by 9.1% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Man Shun Group (Holdings) is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SEHK:1746 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Man Shun Group (Holdings) Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1746 Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
SEHK:1746 Past Financials Data
Date (Data in HKD Millions) EPS *
2018-12-31 0.01
2018-09-30 0.02
2018-06-30 0.03
2018-03-31 0.03
2017-12-31 0.03
2016-12-31 0.02

*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 Man Shun Group (Holdings) will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Man Shun Group (Holdings)'s future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Man Shun Group (Holdings) has a total score of 1/6, 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 Man Shun Group (Holdings) 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
Below we compare Man Shun Group (Holdings)'s growth in the last year to its industry (Construction).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Insufficient data to establish if Man Shun Group (Holdings)'s year on year earnings growth rate was positive over the past 5 years.
  • Man Shun Group (Holdings)'s 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Man Shun Group (Holdings)'s 1-year earnings growth is negative, it can't be compared to the HK Construction industry average.
Earnings and Revenue History
Man Shun Group (Holdings)'s revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Man Shun Group (Holdings) Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1746 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 163.63 12.58 20.98
2018-09-30 164.65 19.13 20.13
2018-06-30 165.66 25.67 18.25
2018-03-31 145.75 24.54 18.43
2017-12-31 125.85 23.40 19.62
2016-12-31 110.47 17.70 15.71
2015-12-31 128.03 20.72 11.51

*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.
  • Man Shun Group (Holdings) has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Man Shun Group (Holdings) used its assets more efficiently than the HK Construction industry average last year based on Return on Assets.
  • Man Shun Group (Holdings)'s use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Man Shun Group (Holdings)'s performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Construction industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Man Shun Group (Holdings) has a total score of 1/6, 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 Man Shun Group (Holdings)'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 Man Shun Group (Holdings)'s finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Man Shun Group (Holdings) is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Man Shun Group (Holdings)'s cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Man Shun Group (Holdings)'s finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 122.2x 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.
Raw Data

All data from Man Shun Group (Holdings) Company Filings, last reported 6 months ago.

SEHK:1746 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 160.61 1.14 107.90
2018-09-30 160.61 1.14 107.90
2018-06-30 40.20 14.56 19.04
2018-03-31 40.20 14.56 19.04
2017-12-31 48.18 25.58 3.24
2016-12-31 24.77 9.61 16.72
2015-12-31 32.70 13.01 5.48
  • Man Shun Group (Holdings)'s level of debt (0.9%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Man Shun Group (Holdings)'s debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (1111.1%, greater than 20% of total debt).
  • Man Shun Group (Holdings) earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Man Shun Group (Holdings)'s financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Man Shun Group (Holdings) has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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 Man Shun Group (Holdings)'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
Dividend payments
0%
Current annual income from Man Shun Group (Holdings) dividends.
If you bought HK$2,000 of Man Shun Group (Holdings) shares you are expected to receive HK$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Man Shun Group (Holdings)'s dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Man Shun Group (Holdings)'s dividend against the top 25% market benchmark as the company has not reported any payouts.
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.
Raw Data
SEHK:1746 Annualized Past and Future Dividends
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 43 Stocks 3.9%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 978 Stocks 3.6%
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 5.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SEHK:1746 Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Man Shun Group (Holdings) has not reported any payouts.
  • Unable to verify if Man Shun Group (Holdings)'s dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Man Shun Group (Holdings)'s earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Man Shun Group (Holdings) has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Man Shun Group (Holdings)'s dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Man Shun Group (Holdings) afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Man Shun Group (Holdings) has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Man Shun Group (Holdings)'s salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Gary Cheung
AGE 54
CEO Bio

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 Man Shun Group (Holdings) Limited from November 4, 2017 to March 12, 2018. Mr. Cheung has approximately 20 years of experience in air-conditioning E&M engineering services industry. Prior to joining Group, Mr. Cheung was involved in the operation of the sole proprietorship ‘‘Man Tung Air-conditioning Works’’ established by Mr. Tony Cheung in the provision of air-conditioning installation services. He is the co-founder of Man Tung AC Works and Shun Tung and has been a Director of Shun Tung since its incorporation on November 6, 1998. He served as Director of J. B Manufacturing Co., Limited, Ease Sun Holdings Limited and Golden Victory Develop Limited.

CEO Compensation
  • Insufficient data for Gary to compare compensation growth.
  • Insufficient data for Gary to establish whether their remuneration is reasonable compared to companies of similar size in Hong Kong.
Management Team

Tony Cheung

TITLE
Chairman of the Board
AGE
59

Gary Cheung

TITLE
CEO & Executive Director
AGE
54

Wan Man Lo

TITLE
Company Secretary
AGE
44
TENURE
0.3 yrs
Board of Directors Tenure

Average tenure and age of the Man Shun Group (Holdings) board of directors in years:

1.1
Average Tenure
56
Average Age
  • The average tenure for the Man Shun Group (Holdings) board of directors is less than 3 years, this suggests a new board.
Board of Directors

Tony Cheung

TITLE
Chairman of the Board
AGE
59

Gary Cheung

TITLE
CEO & Executive Director
AGE
54
TENURE
1.7 yrs

Dickson Pang

TITLE
Independent Non-Executive Director
AGE
62
TENURE
1.1 yrs

Yu Lau

TITLE
Independent Non-Executive Director
AGE
56
TENURE
1.1 yrs

Nelson Law

TITLE
Independent Non-Executive Director
AGE
56
TENURE
1.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
X
Management checks
We assess Man Shun Group (Holdings)'s management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Man Shun Group (Holdings) 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

Should We Be Cautious About Man Shun Group (Holdings) Limited's (HKG:1746) ROE Of 7.8%?

The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Man Shun Group (Holdings): 7.8% = HK$13m ÷ HK$161m (Based on the trailing twelve months to December 2018.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … Does Man Shun Group (Holdings) Have A Good Return On Equity? … Combining Man Shun Group (Holdings)'s Debt And Its 7.8% Return On Equity Although Man Shun Group (Holdings) does use a little debt, its debt to equity ratio of just 0.009 is very low.

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Is Man Shun Group (Holdings) Limited's (HKG:1746) High P/E Ratio A Problem For Investors?

We'll apply a basic P/E ratio analysis to Man Shun Group (Holdings) Limited's (HKG:1746), to help you decide if the stock is worth further research. … Looking at earnings over the last twelve months, Man Shun Group (Holdings) has a P/E ratio of 23.13. … Check out our latest analysis for Man Shun Group (Holdings)?

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Should You Be Concerned About Man Shun Group (Holdings) Limited's (HKG:1746) ROE?

To keep the lesson grounded in practicality, we'll use ROE to better understand Man Shun Group (Holdings) Limited (HKG:1746). … Man Shun Group (Holdings) has a ROE of 7.8%, based on the last twelve months. … That means that for every HK$1 worth of shareholders' equity, it generated HK$0.078 in profit.

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What Investors Should Know About Man Shun Group (Holdings) Limited's (HKG:1746) Financial Strength

Man Shun Group (Holdings) Limited (HKG:1746) is a small-cap stock with a market capitalization of HK$390m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Assessing first and foremost the financial health is

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Does Man Shun Group (Holdings) Limited's (HKG:1746) P/E Ratio Signal A Buying Opportunity?

We'll show how you can use Man Shun Group (Holdings) Limited's (HKG:1746) P/E ratio to inform your assessment of the investment opportunity. … Based on the last twelve months, Man Shun Group (Holdings)'s P/E ratio is 6.72. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

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Boasting A 64% Return On Equity, Is Man Shun Group (Holdings) Limited (HKG:1746) A Top Quality Stock?

Our data shows Man Shun Group (Holdings) has a return on equity of 64% for the last year. … One way to conceptualize this, is that for each HK$1 of shareholders' equity it has, the company made HK$0.64 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

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Man Shun Group (Holdings) Limited (HKG:1746): Time For A Financial Health Check

While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … So, understanding the company's financial health becomes. … Here are a few basic checks that are good enough to have a broad overview of the company’s financial strength.

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Should You Be Tempted To Buy Man Shun Group (Holdings) Limited (HKG:1746) At Its Current PE Ratio?

Man Shun Group (Holdings) Limited (HKG:1746) trades with a trailing P/E of 9.1, which is lower than the industry average of 13.5. … I will deconstruct the P/E ratio and highlight what you need to be careful of when using the P/E ratio … Check out our latest analysis for Man Shun Group (Holdings)

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Company Info

Description

Man Shun Group (Holdings) Limited provides heating, ventilation, and air-conditioning system electrical and mechanical engineering services in Hong Kong. It primarily serves residential property development projects as a first-tier or second-tier subcontractor. The company was founded in 1996 and is headquartered in Tsuen Wan, Hong Kong.

Details
Name: Man Shun Group (Holdings) Limited
1746
Exchange: SEHK
Founded: 1996
HK$385,000,000
1,000,000,000
Website: http://www.manshungroup.com.hk
Address: Man Shun Group (Holdings) Limited
Cheung Fung Industrial Building,
19th Floor,
Tsuen Wan,
New Territories, Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1746 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 11. Jul 2018
Number of employees
Current staff
Staff numbers
79
Man Shun Group (Holdings) employees.
Industry
Construction and Engineering
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/23 13:06
End of day share price update: 2019/07/23 00:00
Last estimates confirmation: 2019/03/27
Last earnings filing: 2019/04/30
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.