SEHK:1882

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Haitian International Holdings

Executive Summary

Haitian International Holdings Limited, an investment holding company, researches, develops, processes, manufactures, distributes, and sells plastic injection molding machines. More Details


Snowflake Analysis

Flawless balance sheet with solid track record.

Share Price & News

How has Haitian International Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 1882 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: 1882's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

3.2%

1882

-6.6%

HK Machinery

0.4%

HK Market


1 Year Return

21.6%

1882

33.8%

HK Machinery

10.1%

HK Market

Return vs Industry: 1882 underperformed the Hong Kong Machinery industry which returned 33.8% over the past year.

Return vs Market: 1882 exceeded the Hong Kong Market which returned 10.1% over the past year.


Shareholder returns

1882IndustryMarket
7 Day3.2%-6.6%0.4%
30 Day12.7%3.5%9.3%
90 Day17.6%4.0%6.1%
1 Year24.8%21.6%37.0%33.8%14.6%10.1%
3 Year11.6%3.2%66.9%54.5%1.5%-9.1%
5 Year121.2%95.3%134.2%114.0%33.7%11.2%

Long-Term Price Volatility Vs. Market

How volatile is Haitian International Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Haitian International Holdings undervalued compared to its fair value and its price relative to the market?

16.29x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 1882 (HK$22.5) is trading above our estimate of fair value (HK$16.08)

Significantly Below Fair Value: 1882 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 1882 is poor value based on its PE Ratio (16.3x) compared to the HK Machinery industry average (12.2x).

PE vs Market: 1882 is poor value based on its PE Ratio (16.3x) compared to the Hong Kong market (11.1x).


Price to Earnings Growth Ratio

PEG Ratio: 1882 is poor value based on its PEG Ratio (1.4x)


Price to Book Ratio

PB vs Industry: 1882 is overvalued based on its PB Ratio (2.2x) compared to the HK Machinery industry average (0.9x).


Next Steps

Future Growth

How is Haitian International Holdings forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

11.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1882's forecast earnings growth (11.6% per year) is above the savings rate (1.6%).

Earnings vs Market: 1882's earnings (11.6% per year) are forecast to grow slower than the Hong Kong market (22.6% per year).

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

Revenue vs Market: 1882's revenue (9.4% per year) is forecast to grow slower than the Hong Kong market (13.8% per year).

High Growth Revenue: 1882's revenue (9.4% 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 (14.8%).


Next Steps

Past Performance

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

6.4%

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%) are higher than last year (16.6%).


Past Earnings Growth Analysis

Earnings Trend: 1882's earnings have grown by 6.4% per year over the past 5 years.

Accelerating Growth: 1882's earnings growth over the past year (12.8%) exceeds its 5-year average (6.4% per year).

Earnings vs Industry: 1882 earnings growth over the past year (12.8%) exceeded the Machinery industry -1.5%.


Return on Equity

High ROE: 1882's Return on Equity (13.5%) is considered low.


Next Steps

Financial Health

How is Haitian International Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 1882's short term assets (CN¥12.9B) exceed its short term liabilities (CN¥6.3B).

Long Term Liabilities: 1882's short term assets (CN¥12.9B) exceed its long term liabilities (CN¥368.1M).


Debt to Equity History and Analysis

Debt Level: 1882's debt to equity ratio (8.9%) is considered satisfactory.

Reducing Debt: 1882's debt to equity ratio has reduced from 21.1% to 8.9% over the past 5 years.

Debt Coverage: 1882's debt is well covered by operating cash flow (209%).

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


Balance Sheet


Next Steps

Dividend

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

1.77%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 1882's dividend (1.77%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.18%).

High Dividend: 1882's dividend (1.77%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.58%).


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.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (33.6%), 1882's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 1882's dividends in 3 years are forecast to be well covered by earnings (33.4% payout ratio).


Next Steps

Management

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

12.9yrs

Average management tenure


CEO

Jianming Zhang (57 yo)

20.67yrs

Tenure

CN¥866,000

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 ($USD131.78K) is below average for companies of similar size in the Hong Kong market ($USD664.71K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Jingzhang Zhang
Executive Chairman14.42yrsCN¥800.00k0.031%
CN¥ 10.7m
Jianming Zhang
CEO & Executive Director20.67yrsCN¥866.00k0.27%
CN¥ 92.2m
Jianfeng Zhang
Senior VP of Sales & Marketing and Executive Director14.42yrsCN¥836.00k0.063%
CN¥ 21.8m
Weiqun Chen
Executive Director2.67yrsCN¥796.00k0.017%
CN¥ 5.9m
Bin Zhang
Executive Director2.67yrsCN¥726.00kno data
Chen Yun
Chief Financial Officer1.75yrsno datano data
Nanhong Fu
Head of Technology7.92yrsno datano data
Wenxian Yu
Vice President of Human Resources & Administration17.92yrsno datano data
Huajun Shi
General Manager of the Internal Control & Investor Relation Departmentno datano datano data
Ka Man Lee
Company Secretary1.83yrsno datano data

12.9yrs

Average Tenure

48yo

Average Age

Experienced Management: 1882's management team is seasoned and experienced (12.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jingzhang Zhang
Executive Chairman14.42yrsCN¥800.00k0.031%
CN¥ 10.7m
Jianming Zhang
CEO & Executive Director20.67yrsCN¥866.00k0.27%
CN¥ 92.2m
Jianfeng Zhang
Senior VP of Sales & Marketing and Executive Director14.42yrsCN¥836.00k0.063%
CN¥ 21.8m
Weiqun Chen
Executive Director2.67yrsCN¥796.00k0.017%
CN¥ 5.9m
Bin Zhang
Executive Director2.67yrsCN¥726.00kno data
Mingguang Guo
Non-Executive Director14.42yrsno data0.030%
CN¥ 10.4m
Chi Chiu Lo
Independent Non-Executive Director1.83yrsCN¥81.00kno data
Jianbo Liu
Non-Executive Director13.25yrsno data0.033%
CN¥ 11.3m
Baijun Lou
Independent Non Executive Director8.75yrsCN¥78.00kno data
Yonghui Guo
Independent Non-Executive Director4.08yrsCN¥78.00kno data
Junxian Yu
Independent Non-Executive Director1.83yrsCN¥65.00kno data

8.8yrs

Average Tenure

53yo

Average Age

Experienced Board: 1882's board of directors are considered experienced (8.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: 1882 insiders have only sold shares 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 company bio, 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
  • Market Cap: HK$34.793b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1882SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDDec 2006
HI6DB (Deutsche Boerse AG)YesOrdinary SharesDEEURDec 2006
HAII.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDDec 2006
1882SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesOrdinary SharesHKHKDDec 2006
1882SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesOrdinary SharesHKHKDDec 2006

Biography

Haitian International Holdings Limited, an investment holding company, researches, develops, processes, manufactures, distributes, and sells plastic injection molding machines. The company offers injection...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/02 10:10
End of Day Share Price2020/12/02 00:00
Earnings2020/06/30
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.