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2193

Man King Holdings SEHK:2193 Stock Report

Last Price

HK$0.34

Market Cap

HK$142.7m

7D

-5.6%

1Y

9.7%

Updated

18 Aug, 2022

Data

Company Financials
2193 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance5/6
Financial Health5/6
Dividends4/6

2193 Stock Overview

Man King Holdings Limited, an investment holding company, provides construction and civil engineering services to the public and private sectors in Hong Kong.

Man King Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Man King Holdings
Historical stock prices
Current Share PriceHK$0.34
52 Week HighHK$0.42
52 Week LowHK$0.27
Beta-0.16
1 Month Change-4.23%
3 Month Change7.94%
1 Year Change9.68%
3 Year Change-38.18%
5 Year Change-60.00%
Change since IPO-69.09%

Recent News & Updates

Aug 03
Man King Holdings' (HKG:2193) Dividend Will Be Increased To HK$0.035

Man King Holdings' (HKG:2193) Dividend Will Be Increased To HK$0.035

Man King Holdings Limited's ( HKG:2193 ) dividend will be increasing from last year's payment of the same period to...

Jul 04
Man King Holdings' (HKG:2193) Dividend Will Be Increased To HK$0.035

Man King Holdings' (HKG:2193) Dividend Will Be Increased To HK$0.035

Man King Holdings Limited ( HKG:2193 ) has announced that it will be increasing its dividend on the 23rd of September...

Shareholder Returns

2193HK ConstructionHK Market
7D-5.6%2.7%1.5%
1Y9.7%-12.7%-20.8%

Return vs Industry: 2193 exceeded the Hong Kong Construction industry which returned -12.7% over the past year.

Return vs Market: 2193 exceeded the Hong Kong Market which returned -20.8% over the past year.

Price Volatility

Is 2193's price volatile compared to industry and market?
2193 volatility
2193 Average Weekly Movement5.3%
Construction Industry Average Movement7.0%
Market Average Movement6.5%
10% most volatile stocks in HK Market12.8%
10% least volatile stocks in HK Market3.2%

Stable Share Price: 2193 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: 2193's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1995171Yuen Cheong Lohttps://www.manking.com.hk

Man King Holdings Limited, an investment holding company, provides construction and civil engineering services to the public and private sectors in Hong Kong. It undertakes road and bridge, drainage and sewage, port work, site formation, public filling management, environmental, water work, electrical and mechanical, and building projects. The company was founded in 1995 and is based in Kowloon, Hong Kong.

Man King Holdings Fundamentals Summary

How do Man King Holdings's earnings and revenue compare to its market cap?
2193 fundamental statistics
Market CapHK$142.74m
Earnings (TTM)HK$36.92m
Revenue (TTM)HK$408.20m

3.9x

P/E Ratio

0.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
2193 income statement (TTM)
RevenueHK$408.20m
Cost of RevenueHK$356.79m
Gross ProfitHK$51.41m
Other ExpensesHK$14.48m
EarningsHK$36.92m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.088
Gross Margin12.59%
Net Profit Margin9.05%
Debt/Equity Ratio2.4%

How did 2193 perform over the long term?

See historical performance and comparison

Dividends

10.3%

Current Dividend Yield

40%

Payout Ratio

Does 2193 pay a reliable dividends?

See 2193 dividend history and benchmarks
When do you need to buy 2193 by to receive an upcoming dividend?
Man King Holdings dividend dates
Ex Dividend DateSep 07 2022
Dividend Pay DateSep 23 2022
Days until Ex dividend19 days
Days until Dividend pay date35 days

Does 2193 pay a reliable dividends?

See 2193 dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

Is 2193 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

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2193?

Other financial metrics that can be useful for relative valuation.

2193 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/Revenue0.004x
Enterprise Value/EBITDA0.06x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 2193's PE Ratio compare to its peers?

2193 PE Ratio vs Peers
The above table shows the PE ratio for 2193 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average9.7x
6182 Twintek Investment Holdings
11.1xn/aHK$152.8m
2017 Chanhigh Holdings
5.3xn/aHK$191.7m
1637 SH Group (Holdings)
14xn/aHK$164.0m
8601 Boltek Holdings
8.6xn/aHK$208.0m
2193 Man King Holdings
3.9xn/aHK$142.7m

Price-To-Earnings vs Peers: 2193 is good value based on its Price-To-Earnings Ratio (3.9x) compared to the peer average (9.7x).


Price to Earnings Ratio vs Industry

How does 2193's PE Ratio compare vs other companies in the HK Construction Industry?

Price-To-Earnings vs Industry: 2193 is good value based on its Price-To-Earnings Ratio (3.9x) compared to the Hong Kong Construction industry average (11.5x)


Price to Earnings Ratio vs Fair Ratio

What is 2193'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.

2193 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio3.9x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 2193's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 2193 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2193 (HK$0.34) is trading below our estimate of fair value (HK$3.19)

Significantly Below Fair Value: 2193 is trading below fair value by more than 20%.


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 Man King Holdings 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


11.3%

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 Man King Holdings 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.


Discover growth companies

  • Examine whether Man King Holdings is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • Man King Holdings competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Man King Holdings performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


52.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 2193 has high quality earnings.

Growing Profit Margin: 2193's current net profit margins (9%) are higher than last year (5.7%).


Past Earnings Growth Analysis

Earnings Trend: 2193's earnings have grown significantly by 52.9% per year over the past 5 years.

Accelerating Growth: 2193's earnings growth over the past year (134.5%) exceeds its 5-year average (52.9% per year).

Earnings vs Industry: 2193 earnings growth over the past year (134.5%) exceeded the Construction industry -13.2%.


Return on Equity

High ROE: 2193's Return on Equity (13.2%) is considered low.


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Financial Health

How is Man King Holdings'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: 2193's short term assets (HK$281.2M) exceed its short term liabilities (HK$123.0M).

Long Term Liabilities: 2193's short term assets (HK$281.2M) exceed its long term liabilities (HK$13.8M).


Debt to Equity History and Analysis

Debt Level: 2193 has more cash than its total debt.

Reducing Debt: 2193's debt to equity ratio has increased from 0.7% to 2.4% over the past 5 years.

Debt Coverage: 2193's debt is well covered by operating cash flow (766.8%).

Interest Coverage: 2193 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Man King 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

  • Cash Flow Coverage


10.29%

Current Dividend Yield

Upcoming Dividend Payment

TodayAug 18 2022Ex Dividend DateSep 07 2022Dividend Pay DateSep 23 202216 days from Ex DividendBuy in the next 19 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: 2193's dividend (10.29%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.84%).

High Dividend: 2193's dividend (10.29%) is in the top 25% of dividend payers in the Hong Kong market (8.27%)


Stability and Growth of Payments

Stable Dividend: 2193 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 2193 has only been paying a dividend for 4 years, and since then payments have not increased.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (39.8%), 2193's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (39.3%), 2193's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

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

7.8yrs

Average board tenure


CEO

Yuen Cheong Lo (68 yo)

no data

Tenure

HK$5,052,000

Compensation

Mr. Yuen Cheong Lo serves as the Executive Chairman & Chief Executive Officer of Man King Holdings Limited and has been its Director since November 12, 2014. Mr. Lo is responsible for the financial and ope...


CEO Compensation Analysis

Compensation vs Market: Yuen Cheong's total compensation ($USD644.11K) is above average for companies of similar size in the Hong Kong market ($USD244.40K).

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


Board Members

Experienced Board: 2193's board of directors are considered experienced (7.8 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

Man King Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Man King Holdings Limited
  • Ticker: 2193
  • Exchange: SEHK
  • Founded: 1995
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Implied Market Cap: HK$142.738m
  • Shares outstanding: 419.82m
  • Website: https://www.manking.com.hk

Number of Employees


Location

  • Man King Holdings Limited
  • Skyline Tower
  • Unit D, 10th Floor
  • Kowloon
  • Kowloon
  • Hong Kong

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/18 00:00
End of Day Share Price2022/08/18 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.