company background image
1882

Haitian International Holdings SEHK:1882 Stock Report

Last Price

HK$20.20

Market Cap

HK$32.2b

7D

6.1%

1Y

-24.2%

Updated

26 Jun, 2022

Data

Company Financials +
1882 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance3/6
Financial Health6/6
Dividends4/6

1882 Stock Overview

Haitian International Holdings Limited, together with its subsidiaries, engages in manufacturing and distribution of plastic injection molding machines in Mainland China, Hong Kong, and internationally.

Haitian International Holdings Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Haitian International Holdings
Historical stock prices
Current Share PriceHK$20.20
52 Week HighHK$31.50
52 Week LowHK$16.26
Beta1.09
1 Month Change3.91%
3 Month Change-0.49%
1 Year Change-24.20%
3 Year Change24.54%
5 Year Change-7.76%
Change since IPO408.82%

Recent News & Updates

May 27
Investors Should Be Encouraged By Haitian International Holdings' (HKG:1882) Returns On Capital

Investors Should Be Encouraged By Haitian International Holdings' (HKG:1882) Returns On Capital

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'd want to...

May 15
If You Like EPS Growth Then Check Out Haitian International Holdings (HKG:1882) Before It's Too Late

If You Like EPS Growth Then Check Out Haitian International Holdings (HKG:1882) Before It's Too Late

Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...

May 03
When Should You Buy Haitian International Holdings Limited (HKG:1882)?

When Should You Buy Haitian International Holdings Limited (HKG:1882)?

While Haitian International Holdings Limited ( HKG:1882 ) might not be the most widely known stock at the moment, it...

Mar 27
Is Haitian International Holdings (HKG:1882) A Risky Investment?

Is Haitian International Holdings (HKG:1882) A Risky Investment?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Shareholder Returns

1882HK MachineryHK Market
7D6.1%1.6%2.1%
1Y-24.2%-26.8%-23.3%

Return vs Industry: 1882 exceeded the Hong Kong Machinery industry which returned -26.8% over the past year.

Return vs Market: 1882 matched the Hong Kong Market which returned -23.3% over the past year.

Price Volatility

Is 1882's price volatile compared to industry and market?
1882 volatility
1882 Average Weekly Movement5.0%
Machinery Industry Average Movement6.7%
Market Average Movement7.0%
10% most volatile stocks in HK Market13.8%
10% least volatile stocks in HK Market3.3%

Stable Share Price: 1882 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 1882's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19666,800Jianming Zhanghttps://www.haitianinter.com

Haitian International Holdings Limited, together with its subsidiaries, engages in manufacturing and distribution of plastic injection molding machines in Mainland China, Hong Kong, and internationally. The company offers plastic machinery under the Haitian, Zhafir, and Tianjian names. It is also involved in the trading of machinery and related accessories; sale of software of plastic injection molding machines; and provision of logistic services.

Haitian International Holdings Fundamentals Summary

How do Haitian International Holdings's earnings and revenue compare to its market cap?
1882 fundamental statistics
Market CapCN¥27.48b
Earnings (TTM)CN¥3.05b
Revenue (TTM)CN¥16.02b

9.0x

P/E Ratio

1.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
1882 income statement (TTM)
RevenueCN¥16.02b
Cost of RevenueCN¥10.87b
Gross ProfitCN¥5.15b
Other ExpensesCN¥2.10b
EarningsCN¥3.05b

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.91
Gross Margin32.16%
Net Profit Margin19.05%
Debt/Equity Ratio13.6%

How did 1882 perform over the long term?

See historical performance and comparison

Dividends

4.5%

Current Dividend Yield

40%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 1882 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

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

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1882?

Other financial metrics that can be useful for relative valuation.

1882 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.2x
Enterprise Value/EBITDA5x
PEG Ratio1.7x

Price to Earnings Ratio vs Peers

How does 1882's PE Ratio compare to its peers?

1882 PE Ratio vs Peers
The above table shows the PE ratio for 1882 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average24.3x

Price-To-Earnings vs Peers: 1882 is good value based on its Price-To-Earnings Ratio (9x) compared to the peer average (24.3x).


Price to Earnings Ratio vs Industry

How does 1882's PE Ratio compare vs other companies in the Hong Kong Machinery Industry?

Price-To-Earnings vs Industry: 1882 is good value based on its Price-To-Earnings Ratio (9x) compared to the Hong Kong Machinery industry average (10.8x)


Price to Earnings Ratio vs Fair Ratio

What is 1882'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.

1882 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9x
Fair PE Ratio7x

Price-To-Earnings vs Fair Ratio: 1882 is expensive based on its Price-To-Earnings Ratio (9x) compared to the estimated Fair Price-To-Earnings Ratio (7x).


Share Price vs Fair Value

What is the Fair Price of 1882 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 1882 (HK$20.2) is trading below our estimate of fair value (HK$59.59)

Significantly Below Fair Value: 1882 is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: 1882 is poor value based on its PEG Ratio (1.7x)


Discover undervalued companies

Future Growth

How is Haitian International Holdings forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


5.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1882's forecast earnings growth (5.4% per year) is above the savings rate (1.5%).

Earnings vs Market: 1882's earnings (5.4% per year) are forecast to grow slower than the Hong Kong market (17% per year).

High Growth Earnings: 1882's earnings are forecast to grow, but not significantly.

Revenue vs Market: 1882's revenue (5% per year) is forecast to grow slower than the Hong Kong market (10.3% per year).

High Growth Revenue: 1882's revenue (5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 1882's Return on Equity is forecast to be low in 3 years time (16.8%).


Discover growth companies

Past Performance

How has Haitian International Holdings performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


10.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 1882 has high quality earnings.

Growing Profit Margin: 1882's current net profit margins (19.1%) are lower than last year (20.2%).


Past Earnings Growth Analysis

Earnings Trend: 1882's earnings have grown by 10.2% per year over the past 5 years.

Accelerating Growth: 1882's earnings growth over the past year (27.8%) exceeds its 5-year average (10.2% per year).

Earnings vs Industry: 1882 earnings growth over the past year (27.8%) underperformed the Machinery industry 35.1%.


Return on Equity

High ROE: 1882's Return on Equity (19.1%) is considered low.


Discover strong past performing companies

Financial Health

How is Haitian International Holdings's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 1882's short term assets (CN¥17.8B) exceed its short term liabilities (CN¥9.3B).

Long Term Liabilities: 1882's short term assets (CN¥17.8B) exceed its long term liabilities (CN¥875.9M).


Debt to Equity History and Analysis

Debt Level: 1882 has more cash than its total debt.

Reducing Debt: 1882's debt to equity ratio has reduced from 22.6% to 13.6% over the past 5 years.

Debt Coverage: 1882's debt is well covered by operating cash flow (144.6%).

Interest Coverage: 1882 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Discover healthy companies

Dividend

What is Haitian International Holdings's current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


4.47%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 1882's dividend (4.47%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.74%).

High Dividend: 1882's dividend (4.47%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.89%).


Stability and Growth of Payments

Stable Dividend: 1882's dividend payments have been volatile in the past 10 years.

Growing Dividend: 1882's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (40.5%), 1882's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (55.8%), 1882's dividend payments are covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

14.4yrs

Average management tenure


CEO

Jianming Zhang (58 yo)

22.17yrs

Tenure

CN¥1,856,000

Compensation

Mr. Jianming Zhang has been the Chief Executive Officer of Haitian International Holdings Limited since April 2000 and also serves as Chief Executive Officer of Zhafir Plastics Machinery GmbH. Mr. Zhang is...


CEO Compensation Analysis

Compensation vs Market: Jianming's total compensation ($USD277.46K) is below average for companies of similar size in the Hong Kong market ($USD472.00K).

Compensation vs Earnings: Jianming's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: 1882's management team is seasoned and experienced (14.4 years average tenure).


Board Members

Experienced Board: 1882's board of directors are seasoned and experienced ( 10.3 years average tenure).


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

Haitian International Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Haitian International Holdings Limited
  • Ticker: 1882
  • Exchange: SEHK
  • Founded: 1966
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Implied Market Cap: HK$32.239b
  • Shares outstanding: 1.60b
  • Website: https://www.haitianinter.com

Number of Employees


Location

  • Haitian International Holdings Limited
  • Metroplaza Tower 2
  • Level 11
  • Kwai Fong
  • New Territories
  • Hong Kong

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/26 00:00
End of Day Share Price2022/06/24 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.