SEHK:1894

Stock Analysis Report

Executive Summary

Hang Yick Holdings Company Limited, a steel and metal engineering company, designs, manufactures, supplies, and installs steel and metal products for construction projects in the People’s Republic of China.

Snowflake

Fundamentals

Adequate balance sheet with concerning outlook.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-1.2%

1894

0.6%

HK Construction

0.3%

HK Market


1 Year Return

319.8%

1894

-14.9%

HK Construction

1.3%

HK Market

Return vs Industry: 1894 exceeded the Hong Kong Construction industry which returned -14.9% over the past year.

Return vs Market: 1894 exceeded the Hong Kong Market which returned 1.3% over the past year.


Shareholder returns

1894IndustryMarket
7 Day-1.2%0.6%0.3%
30 Day-0.6%-4.7%0.5%
90 Day-17.5%-10.5%-4.6%
1 Year324.3%319.8%-11.1%-14.9%4.9%1.3%
3 Yearn/a-25.3%-33.6%15.3%3.7%
5 Yearn/a0.004%-15.1%20.0%-0.006%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Hang Yick Holdings undervalued compared to its fair value and its price relative to the market?

139.53x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 1894 (HK$3.4) is trading above our estimate of fair value (HK$0.06)

Significantly Below Fair Value: 1894 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 1894 is poor value based on its PE Ratio (139.5x) compared to the Construction industry average (10.3x).

PE vs Market: 1894 is poor value based on its PE Ratio (139.5x) compared to the Hong Kong market (10.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 1894's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 1894 is overvalued based on its PB Ratio (10.7x) compared to the HK Construction industry average (1.1x).


Next Steps

Future Growth

How is Hang Yick Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

8.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1894's forecast earnings growth (8.4% per year) is above the savings rate (2%).

Earnings vs Market: 1894's earnings (8.4% per year) are forecast to grow slower than the Hong Kong market (11.1% per year).

High Growth Earnings: 1894's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if 1894's revenue is forecast to grow faster than the Hong Kong market.

High Growth Revenue: Insufficient data to determine if 1894's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 1894's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Hang Yick Holdings performed over the past 5 years?

-69.2%

Last years earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if 1894's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: 1894's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 1894 had negative earnings growth (-69.2%) over the past year, making it difficult to compare to the Construction industry average (-12.4%).


Return on Equity

High ROE: 1894's Return on Equity (6.6%) is considered low.


Return on Assets

ROA vs Industry: 1894's Return on Assets is below or equal to the Construction industry average last year.


Return on Capital Employed

ROCE Improving: 1894's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Hang Yick Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 1894's short term assets (HK$269.1M) exceeds its short term liabilities (HK$42.3M)

Long Term Liabilities: 1894's short term assets (269.1M) exceeds its long term liabilities (262.0K)


Debt to Equity History and Analysis

Debt Level: 1894's debt to equity ratio (12.3%) is considered satisfactory

Reducing Debt: Insufficient data to determine if 1894's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 1894's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 1894 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: 1894 has a low level of unsold assets or inventory.

Debt Coverage by Assets: 1894's debt is covered by short term assets (assets are 8.970830x debt).


Next Steps

Dividend

What is Hang Yick Holdings's current dividend yield, its reliability and sustainability?

0.15%

Current Dividend Yield


Dividend Yield vs Market

company0.1%marketbottom25%2.3%markettop25%6.2%industryaverage4.7%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: 1894's dividend (0.15%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.26%).

High Dividend: 1894's dividend (0.15%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.18%).

Stable Dividend: 1894 is not paying a notable dividend for the Hong Kong market, therefore no need to check if payments are stable.

Growing Dividend: 1894 is not paying a notable dividend for the Hong Kong market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: 1894 is not paying a notable dividend for the Hong Kong market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 1894's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

What is the CEO of Hang Yick Holdings's salary, the management and board of directors tenure and is there insider trading?

1.1yrs

Average board tenure


CEO

PS Lee Lee (62yo)

0yrs

Tenure

HK$189,000

Compensation

Mr. Lee Pui Sun, also known as PS Lee, is Chairman, Chief Executive Officer of Hang Yick Holdings Company Limited and is its Executive Director since March 6, 2018. Mr. PS Lee is primarily responsible for  ...


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether PS Lee's total compensation is reasonable compared to companies of similar size in the Hong Kong market.

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


Board Age and Tenure

1.1yrs

Average Tenure

41.5yo

Average Age

Experienced Board: 1894's board of directors are not considered experienced ( 1.1 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • PS Lee Lee (62yo)

    Chairman & CEO

    • Tenure: 0yrs
    • Compensation: HK$189.00k
  • LC Lau Lau (62yo)

    Executive Director

    • Tenure: 1.6yrs
    • Compensation: HK$189.00k
  • Wing Lun Leung (37yo)

    Company Secretary

    • Tenure: 1.4yrs
  • Stephen Sin (49yo)

    Chief Project Manager

    • Tenure: 0yrs
  • Louie Lai

    Technical Director

    • Tenure: 0yrs
  • Wu Remzi

    Chief Operating Officer

    • Tenure: 0yrs
  • Ravi Lee (31yo)

    CFO & Executive Director

    • Tenure: 0.3yrs
  • Ming Pang (39yo)

    Executive Director

    • Tenure: 0.3yrs

Board Members

  • Hon Cheung (44yo)

    Independent Non-Executive Director

    • Tenure: 1.1yrs
  • PS Lee Lee (62yo)

    Chairman & CEO

    • Tenure: 0yrs
    • Compensation: HK$189.00k
  • LC Lau Lau (62yo)

    Executive Director

    • Tenure: 1.6yrs
    • Compensation: HK$189.00k
  • Benny Lee (33yo)

    Non-Executive Director

    • Tenure: 1.4yrs
    • Compensation: HK$47.00k
  • Au Yeung (61yo)

    Independent Non-Executive Director

    • Tenure: 1.1yrs
  • Justin Tse (32yo)

    Independent Non-Executive Director

    • Tenure: 1.1yrs
  • Ravi Lee (31yo)

    CFO & Executive Director

    • Tenure: 0.3yrs
  • Ming Pang (39yo)

    Executive Director

    • Tenure: 0.3yrs

Company Information

Hang Yick Holdings Company Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Hang Yick Holdings Company Limited
  • Ticker: 1894
  • Exchange: SEHK
  • Founded: 1982
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: HK$2.610b
  • Shares outstanding: 767.60m
  • Website: https://www.hy-engineering.com

Number of Employees


Location

  • Hang Yick Holdings Company Limited
  • Yau Tong Industrial Building
  • Unit B, Upper Ground Floor
  • Yau Tong
  • Kowloon
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1894SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDOct 2018

Biography

Hang Yick Holdings Company Limited, a steel and metal engineering company, designs, manufactures, supplies, and installs steel and metal products for construction projects in the People’s Republic of China ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 13:04
End of Day Share Price2019/10/22 00:00
Earnings2019/03/31
Annual Earnings2019/03/31


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.