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2132

Landrich Holding SEHK:2132 Stock Report

Last Price

HK$0.20

Market Cap

HK$326.4m

7D

-2.9%

1Y

22.9%

Updated

12 Aug, 2022

Data

Company Financials
2132 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance1/6
Financial Health5/6
Dividends0/6

2132 Stock Overview

Landrich Holding Limited, an investment holding company, undertakes construction engineering works in Hong Kong.

Landrich Holding Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Landrich Holding
Historical stock prices
Current Share PriceHK$0.20
52 Week HighHK$0.32
52 Week LowHK$0.15
Beta0
1 Month Change-10.92%
3 Month Change-18.40%
1 Year Change22.89%
3 Year Changen/a
5 Year Changen/a
Change since IPO-25.82%

Recent News & Updates

Shareholder Returns

2132HK ConstructionHK Market
7D-2.9%1.1%0.3%
1Y22.9%-11.4%-21.6%

Return vs Industry: 2132 exceeded the Hong Kong Construction industry which returned -12% over the past year.

Return vs Market: 2132 exceeded the Hong Kong Market which returned -22% over the past year.

Price Volatility

Is 2132's price volatile compared to industry and market?
2132 volatility
2132 Average Weekly Movement3.6%
Construction Industry Average Movement7.1%
Market Average Movement6.5%
10% most volatile stocks in HK Market12.6%
10% least volatile stocks in HK Market3.2%

Stable Share Price: 2132 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 2132's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1993360Ian Tsuihttps://www.landrich.com.hk

Landrich Holding Limited, an investment holding company, undertakes construction engineering works in Hong Kong. The company is involved in the construction of trunk roads, carriageways, bridges, and tunnels, as well as modification of existing roads that include landscaping works, laying of pipes, and manhole construction. It also engages in the clearance of construction site, demolition of existing structures, reduction and stabilization of existing slopes, and associated work; and establishment of fill tank for the storage of public fill materials arising from construction activities.

Landrich Holding Fundamentals Summary

How do Landrich Holding's earnings and revenue compare to its market cap?
2132 fundamental statistics
Market CapHK$326.40m
Earnings (TTM)HK$41.23m
Revenue (TTM)HK$994.24m

7.9x

P/E Ratio

0.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
2132 income statement (TTM)
RevenueHK$994.24m
Cost of RevenueHK$907.48m
Gross ProfitHK$86.76m
Other ExpensesHK$45.53m
EarningsHK$41.23m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.026
Gross Margin8.73%
Net Profit Margin4.15%
Debt/Equity Ratio10.7%

How did 2132 perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is 2132 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2132?

Other financial metrics that can be useful for relative valuation.

2132 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/Revenue0.2x
Enterprise Value/EBITDA4x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 2132's PE Ratio compare to its peers?

2132 PE Ratio vs Peers
The above table shows the PE ratio for 2132 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average28.4x
1459 Jujiang Construction Group
3xn/aHK$330.7m
1757 Affluent Foundation Holdings
92.7xn/aHK$273.6m
1556 Chinney Kin Wing Holdings
4xn/aHK$268.5m
1413 Kwong Luen Engineering Holdings
14xn/aHK$330.0m
2132 Landrich Holding
7.9xn/aHK$326.4m

Price-To-Earnings vs Peers: 2132 is good value based on its Price-To-Earnings Ratio (7.9x) compared to the peer average (28.4x).


Price to Earnings Ratio vs Industry

How does 2132's PE Ratio compare vs other companies in the HK Construction Industry?

Price-To-Earnings vs Industry: 2132 is good value based on its Price-To-Earnings Ratio (7.9x) compared to the Hong Kong Construction industry average (11.5x)


Price to Earnings Ratio vs Fair Ratio

What is 2132'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.

2132 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.9x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 2132's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 2132 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate 2132's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate 2132's fair value for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Landrich Holding forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


11.8%

Forecasted Capital Goods industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Landrich Holding has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


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  • Examine Landrich Holding's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  • Landrich Holding competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Landrich Holding performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


14.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 2132 has a high level of non-cash earnings.

Growing Profit Margin: 2132's current net profit margins (4.1%) are lower than last year (7.5%).


Past Earnings Growth Analysis

Earnings Trend: 2132's earnings have grown by 14.3% per year over the past 5 years.

Accelerating Growth: 2132's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 2132 had negative earnings growth (-13.9%) over the past year, making it difficult to compare to the Construction industry average (-13.2%).


Return on Equity

High ROE: 2132's Return on Equity (15.8%) is considered low.


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Financial Health

How is Landrich Holding's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 2132's short term assets (HK$519.4M) exceed its short term liabilities (HK$288.1M).

Long Term Liabilities: 2132's short term assets (HK$519.4M) exceed its long term liabilities (HK$4.9M).


Debt to Equity History and Analysis

Debt Level: 2132 has more cash than its total debt.

Reducing Debt: 2132's debt to equity ratio has increased from 0.02% to 10.7% over the past 5 years.

Debt Coverage: 2132's debt is well covered by operating cash flow (59.5%).

Interest Coverage: 2132's interest payments on its debt are well covered by EBIT (58.5x coverage).


Balance Sheet


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Dividend

What is Landrich Holding current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate 2132's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 2132's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 2132's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 2132's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: 2132 is not paying a notable dividend for the Hong Kong market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as 2132 has not reported any payouts.


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Management

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

3.8yrs

Average management tenure


CEO

Ian Tsui (38 yo)

3.83yrs

Tenure

Mr. Tsz Yeung Tsui, also known as Ian, serves as Chief Executive Officer at Landrich Holding Limited since October 26, 2018 and also serves as its Director since July 31, 2018. Mr. Tsui is responsible for...


Leadership Team

Experienced Management: 2132's management team is considered experienced (3.8 years average tenure).


Board Members

Experienced Board: 2132's board of directors are considered experienced (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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Landrich Holding Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Landrich Holding Limited
  • Ticker: 2132
  • Exchange: SEHK
  • Founded: 1993
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Implied Market Cap: HK$326.400m
  • Shares outstanding: 1.60b
  • Website: https://www.landrich.com.hk

Number of Employees


Location

  • Landrich Holding Limited
  • The Octagon, Unit 2808
  • 28th Floor
  • Tsuen Wan
  • 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 Analysis2022/08/12 00:00
End of Day Share Price2022/08/12 00:00
Earnings2022/03/31
Annual Earnings2022/03/31


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.