1786 Stock Overview
CRCC High-Tech Equipment Corporation Limited engages in the research, development, manufacture, and sale of large railway track maintenance machinery in Mainland China and internationally.
CRCC High-Tech Equipment Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||HK$0.74|
|52 Week High||HK$0.97|
|52 Week Low||HK$0.66|
|1 Month Change||8.82%|
|3 Month Change||-3.90%|
|1 Year Change||-16.85%|
|3 Year Change||-55.42%|
|5 Year Change||-78.36%|
|Change since IPO||-84.32%|
Recent News & Updates
|1786||HK Machinery||HK Market|
Return vs Industry: 1786 exceeded the Hong Kong Machinery industry which returned -26.4% over the past year.
Return vs Market: 1786 exceeded the Hong Kong Market which returned -21.2% over the past year.
|1786 Average Weekly Movement||6.2%|
|Machinery Industry Average Movement||7.0%|
|Market Average Movement||6.9%|
|10% most volatile stocks in HK Market||13.7%|
|10% least volatile stocks in HK Market||3.3%|
Stable Share Price: 1786 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: 1786's weekly volatility (6%) has been stable over the past year.
About the Company
CRCC High-Tech Equipment Corporation Limited engages in the research, development, manufacture, and sale of large railway track maintenance machinery in Mainland China and internationally. Its railway track maintenance machines include tamping machines; ballast cleaning machines; stabilization machines; ballast regulators; materials logistics machines; and rail processing machines; as well as other machines, such as catenary inspection and maintenance machines, catenary installation machines, and other large railway track maintenance machines. The company manufactures, purchases, and sells various parts and components comprising bogies, electrical control systems, working devices, wheelsets, transmissions, pumps, valves, motors, and drive shafts.
CRCC High-Tech Equipment Fundamentals Summary
|1786 fundamental statistics|
Is 1786 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|1786 income statement (TTM)|
|Cost of Revenue||CN¥1.64b|
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
|Earnings per share (EPS)||0.033|
|Net Profit Margin||2.30%|
How did 1786 perform over the long term?See historical performance and comparison
1.6%Current Dividend Yield
Does 1786 pay a reliable dividends?See 1786 dividend history and benchmarks
|CRCC High-Tech Equipment dividend dates|
|Ex Dividend Date||Jul 05 2022|
|Dividend Pay Date||Aug 22 2022|
|Days until Ex dividend||5 days|
|Days until Dividend pay date||53 days|
Does 1786 pay a reliable dividends?See 1786 dividend history and benchmarks
Is 1786 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 4/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 1786?
Other financial metrics that can be useful for relative valuation.
|What is 1786's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does 1786's PE Ratio compare to its peers?
|1786 PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
1301 D&G Technology Holding
1596 Hebei Yichen Industrial Group
3339 Lonking Holdings
6163 Gemilang International
1786 CRCC High-Tech Equipment
Price-To-Earnings vs Peers: 1786 is good value based on its Price-To-Earnings Ratio (19.1x) compared to the peer average (22.2x).
Price to Earnings Ratio vs Industry
How does 1786's PE Ratio compare vs other companies in the HK Machinery Industry?
Price-To-Earnings vs Industry: 1786 is expensive based on its Price-To-Earnings Ratio (19.1x) compared to the Hong Kong Machinery industry average (11x)
Price to Earnings Ratio vs Fair Ratio
What is 1786's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||19.1x|
|Fair PE Ratio||6.9x|
Price-To-Earnings vs Fair Ratio: 1786 is expensive based on its Price-To-Earnings Ratio (19.1x) compared to the estimated Fair Price-To-Earnings Ratio (6.9x).
Share Price vs Fair Value
What is the Fair Price of 1786 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 1786 (HK$0.74) is trading below our estimate of fair value (HK$3.93)
Significantly Below Fair Value: 1786 is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: 1786 is good value based on its PEG Ratio (0.8x)
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How is CRCC High-Tech Equipment forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Future Growth Score3/6
Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 1786's forecast earnings growth (24.6% per year) is above the savings rate (1.6%).
Earnings vs Market: 1786's earnings (24.6% per year) are forecast to grow faster than the Hong Kong market (17.1% per year).
High Growth Earnings: 1786's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 1786's revenue (6.1% per year) is forecast to grow slower than the Hong Kong market (10.2% per year).
High Growth Revenue: 1786's revenue (6.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 1786's Return on Equity is forecast to be low in 3 years time (2%).
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How has CRCC High-Tech Equipment performed over the past 5 years?
Past Performance Score3/6
Past Performance Score 3/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 1786 has a large one-off loss of CN¥23.6M impacting its December 31 2021 financial results.
Growing Profit Margin: 1786's current net profit margins (2.3%) are higher than last year (1.4%).
Past Earnings Growth Analysis
Earnings Trend: 1786's earnings have declined by 42.9% per year over the past 5 years.
Accelerating Growth: 1786's earnings growth over the past year (127.4%) exceeds its 5-year average (-42.9% per year).
Earnings vs Industry: 1786 earnings growth over the past year (127.4%) exceeded the Machinery industry 33.1%.
Return on Equity
High ROE: 1786's Return on Equity (0.9%) is considered low.
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How is CRCC High-Tech Equipment's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: 1786's short term assets (CN¥5.9B) exceed its short term liabilities (CN¥2.3B).
Long Term Liabilities: 1786's short term assets (CN¥5.9B) exceed its long term liabilities (CN¥43.9M).
Debt to Equity History and Analysis
Debt Level: 1786 is debt free.
Reducing Debt: 1786 has no debt compared to 5 years ago when its debt to equity ratio was 1.9%.
Debt Coverage: 1786 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 1786 has no debt, therefore coverage of interest payments is not a concern.
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What is CRCC High-Tech Equipment current dividend yield, its reliability and sustainability?
Dividend Score 1/6
Future Dividend Coverage
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: 1786's dividend (1.58%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.71%).
High Dividend: 1786's dividend (1.58%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.74%).
Stability and Growth of Payments
Stable Dividend: 1786 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 1786 has only been paying a dividend for 6 years, and since then payments have fallen.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (30.2%), 1786's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 1786 is paying a dividend but the company has no free cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Pujiang Tong (44 yo)
Mr. Pujiang Tong has been General Manager of CRCC High-Tech Equipment Corporation Limited since July 28, 2017 and served as its Vice General Manager from January 5, 2015 to July 28, 2017. He has been Direc...
CEO Compensation Analysis
Compensation vs Market: Pujiang's total compensation ($USD155.15K) is below average for companies of similar size in the Hong Kong market ($USD232.99K).
Compensation vs Earnings: Pujiang's compensation has been consistent with company performance over the past year.
Experienced Management: 1786's management team is considered experienced (3.5 years average tenure).
Experienced Board: 1786's board of directors are considered experienced (4.8 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
CRCC High-Tech Equipment Corporation Limited's employee growth, exchange listings and data sources
- Name: CRCC High-Tech Equipment Corporation Limited
- Ticker: 1786
- Exchange: SEHK
- Founded: 1954
- Industry: Construction Machinery and Heavy Trucks
- Sector: Capital Goods
- Implied Market Cap: HK$1.140b
- Shares outstanding: 1.52b
- Website: https://www.crcce.com.cn
Number of Employees
- CRCC High-Tech Equipment Corporation Limited
- No. 384, Yangfangwang
- Jinma Town
- Yunnan Province
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/30 00:00|
|End of Day Share Price||2022/06/30 00:00|
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.