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Man King Holdings

SEHK:2193
Snowflake Description

Excellent balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
2193
SEHK
HK$235M
Market Cap
  1. Home
  2. HK
  3. Capital Goods
Company description

Man King Holdings Limited, an investment holding company, provides construction and civil engineering services to the public and private sectors in Hong Kong. The last earnings update was 3 days ago. More info.


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  • Man King Holdings has significant price volatility in the past 3 months.
2193 Share Price and Events
7 Day Returns
-12.5%
SEHK:2193
1.3%
HK Construction
0.6%
HK Market
1 Year Returns
-24.3%
SEHK:2193
-11.2%
HK Construction
-4.5%
HK Market
2193 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Man King Holdings (2193) -12.5% -1.8% -20% -24.3% -55.9% -
HK Construction 1.3% -6.1% -13.2% -11.2% -20.8% -4.4%
HK Market 0.6% 0.4% -7% -4.5% 17.8% 1.1%
1 Year Return vs Industry and Market
  • 2193 underperformed the Construction industry which returned -11.2% over the past year.
  • 2193 underperformed the Market in Hong Kong which returned -4.5% over the past year.
Price Volatility
2193
Industry
5yr Volatility vs Market

2193 Value

 Is Man King Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Man King Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Man King Holdings.

SEHK:2193 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 8.9%
Perpetual Growth Rate 10-Year HK Government Bond Rate 2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SEHK:2193
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6.7%
Construction Unlevered Beta Simply Wall St/ S&P Global 1.04
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.036 (1 + (1- 25%) (1.96%))
1.035
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.03
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.035 * 6.65%)
8.88%

Discounted Cash Flow Calculation for SEHK:2193 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Man King Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

SEHK:2193 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 8.88%)
2020 7.32 Est @ -0.75% 6.72
2021 7.32 Est @ 0.08% 6.18
2022 7.37 Est @ 0.65% 5.71
2023 7.45 Est @ 1.06% 5.30
2024 7.55 Est @ 1.34% 4.93
2025 7.66 Est @ 1.54% 4.60
2026 7.79 Est @ 1.68% 4.29
2027 7.93 Est @ 1.78% 4.01
2028 8.08 Est @ 1.84% 3.75
2029 8.23 Est @ 1.89% 3.51
Present value of next 10 years cash flows HK$49.01
SEHK:2193 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= HK$8.23 × (1 + 2%) ÷ (8.88% – 2%)
HK$122.01
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$122.01 ÷ (1 + 8.88%)10
HK$52.10
SEHK:2193 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$49.01 + HK$52.10
HK$101.11
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$101.11 / 419.82
HK$0.24
SEHK:2193 Discount to Share Price
Calculation Result
Value per share (HKD) From above. HK$0.24
Current discount Discount to share price of HK$0.56
= -1 x (HK$0.56 - HK$0.24) / HK$0.24
-132.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Man King Holdings is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Man King Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Man King Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:2193 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in HKD HK$-0.01
SEHK:2193 Share Price ** SEHK (2019-07-19) in HKD HK$0.56
Hong Kong Construction Industry PE Ratio Median Figure of 105 Publicly-Listed Construction Companies 10.2x
Hong Kong Market PE Ratio Median Figure of 1,512 Publicly-Listed Companies 10.77x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Man King Holdings.

SEHK:2193 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:2193 Share Price ÷ EPS (both in HKD)

= 0.56 ÷ -0.01

-89.26x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Man King Holdings is loss making, we can't compare its value to the HK Construction industry average.
  • Man King Holdings is loss making, we can't compare the value of its earnings to the Hong Kong market.
Price based on expected Growth
Does Man King Holdings's expected growth come at a high price?
Raw Data
SEHK:2193 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -89.26x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
34.3%per year
Hong Kong Construction Industry PEG Ratio Median Figure of 10 Publicly-Listed Construction Companies 0.56x
Hong Kong Market PEG Ratio Median Figure of 481 Publicly-Listed Companies 0.8x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Man King Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Man King Holdings's assets?
Raw Data
SEHK:2193 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in HKD HK$0.56
SEHK:2193 Share Price * SEHK (2019-07-19) in HKD HK$0.56
Hong Kong Construction Industry PB Ratio Median Figure of 136 Publicly-Listed Construction Companies 1.37x
Hong Kong Market PB Ratio Median Figure of 2,198 Publicly-Listed Companies 0.92x
SEHK:2193 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:2193 Share Price ÷ Book Value per Share (both in HKD)

= 0.56 ÷ 0.56

1x

* Primary Listing of Man King Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Man King Holdings is good value based on assets compared to the HK Construction industry average.
X
Value checks
We assess Man King Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Construction industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Construction industry average (and greater than 0)? (1 check)
  5. Man King Holdings has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

2193 Future Performance

 How is Man King Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Man King Holdings, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
34.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Man King Holdings expected to grow at an attractive rate?
  • Man King Holdings's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • Man King Holdings's earnings growth is expected to exceed the Hong Kong market average.
  • Unable to compare Man King Holdings's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:2193 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:2193 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 34.3%
Hong Kong Construction Industry Earnings Growth Rate Market Cap Weighted Average 11.8%
Hong Kong Construction Industry Revenue Growth Rate Market Cap Weighted Average 9.6%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.3%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SEHK:2193 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:2193 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2019-03-31 185 13 -3
2018-12-31 196 13 0
2018-09-30 208 14 2
2018-06-30 220 4 5
2018-03-31 232 -6 7
2017-12-31 218 -2 6
2017-09-30 205 2 5
2017-06-30 185 8 7
2017-03-31 165 13 9
2016-12-31 156 -3 16
2016-09-30 148 -20 24
2016-06-30 165 -13 26

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Man King Holdings's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Man King Holdings is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SEHK:2193 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Man King Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:2193 Past Financials Data
Date (Data in HKD Millions) EPS *
2019-03-31 -0.01
2018-12-31 0.00
2018-09-30 0.01
2018-06-30 0.01
2018-03-31 0.02
2017-12-31 0.01
2017-09-30 0.01
2017-06-30 0.02
2017-03-31 0.02
2016-12-31 0.04
2016-09-30 0.06
2016-06-30 0.06

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Man King Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Man King Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Man King Holdings has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

2193 Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Man King Holdings's growth in the last year to its industry (Construction).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Man King Holdings does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Man King Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Man King Holdings's 1-year growth to the HK Construction industry average as it is not currently profitable.
Earnings and Revenue History
Man King Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Man King Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:2193 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 184.64 -2.63 27.42
2018-12-31 196.19 -0.07 27.98
2018-09-30 207.75 2.49 28.55
2018-06-30 219.95 4.75 28.82
2018-03-31 232.16 7.01 29.08
2017-12-31 218.37 5.90 30.05
2017-09-30 204.58 4.79 31.01
2017-06-30 184.55 6.66 31.53
2017-03-31 164.52 8.53 32.06
2016-12-31 156.11 16.20 33.34
2016-09-30 147.71 23.88 34.62
2016-06-30 165.50 25.54 35.62
2016-03-31 183.28 27.20 36.62
2015-12-31 217.04 31.39 32.41
2015-09-30 250.80 35.57 28.21
2015-06-30 255.82 35.28 26.66
2015-03-31 260.85 34.99 25.11
2014-12-31 257.70 34.05 23.14
2014-09-30 254.55 33.11 21.16
2014-06-30 227.79 36.91 18.62
2014-03-31 201.03 40.71 16.08
2013-03-31 255.33 28.35 16.28

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Man King Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Man King Holdings has efficiently used its assets last year compared to the HK Construction industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Man King Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Man King Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Construction industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Man King Holdings has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

2193 Health

 How is Man King Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Man King Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Man King Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Man King Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Man King Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 48.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Man King Holdings Company Filings, last reported 3 months ago.

SEHK:2193 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 235.55 4.60 126.91
2018-12-31 235.55 4.60 126.91
2018-09-30 239.14 5.49 171.04
2018-06-30 239.14 5.49 171.04
2018-03-31 280.92 8.35 173.88
2017-12-31 280.92 8.35 173.88
2017-09-30 278.77 0.00 184.92
2017-06-30 278.77 0.00 184.92
2017-03-31 273.34 2.00 196.48
2016-12-31 273.34 2.00 196.48
2016-09-30 269.24 0.00 188.34
2016-06-30 269.24 0.00 188.34
2016-03-31 256.62 0.00 186.83
2015-12-31 256.62 0.00 186.83
2015-09-30 240.53 0.00 207.27
2015-06-30 240.53 0.00 207.27
2015-03-31 141.84 4.85 97.48
2014-12-31 141.84 4.85 97.48
2014-09-30 121.99 5.73 81.59
2014-06-30 121.99 5.73 81.59
2014-03-31 110.04 12.32 99.10
2013-03-31 102.09 21.33 121.97
  • Man King Holdings's level of debt (2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (11.1% vs 2% today).
  • Debt is well covered by operating cash flow (288.9%, greater than 20% of total debt).
  • Unable to confirm if the interest payments on Man King Holdings's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Man King Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Man King Holdings has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

2193 Dividends

 What is Man King Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Man King Holdings dividends.
If you bought HK$2,000 of Man King Holdings shares you are expected to receive HK$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Man King Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Man King Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SEHK:2193 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Hong Kong Construction Industry Average Dividend Yield Market Cap Weighted Average of 43 Stocks 3.9%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 978 Stocks 3.6%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.2%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.1%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SEHK:2193 Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2019-07-19 0.000 0.000
2019-06-18 0.000 0.000
2018-08-20 0.035 4.704

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Man King Holdings has not reported any payouts.
  • Unable to verify if Man King Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Man King Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Man King Holdings has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Man King Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Man King Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Man King Holdings has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

2193 Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Yuen Lo
COMPENSATION HK$4,674,000
AGE 65
CEO Bio

Mr. Yuen Cheong Lo serves as an Executive Chairman of Man King Holdings Limited and has been its Director since November 12, 2014. Mr. Lo is responsible for the financial and operational aspects of the Group and is jointly responsible for the formulation of business development strategies of the Group. Mr. Lo Yuen Cheong has over 35 years of experience in working in the civil engineering industry. He is qualified as a Chartered Engineer registered with The Engineering Council of the United Kingdom and a Registered Professional Engineer with Engineers Registration Board of Hong Kong. He is also a member of The Institution of Civil Engineers of the United Kingdom and a member of The Hong Kong Institution of Engineers. Mr. Lo Yuen Cheong obtained a Master degree of Engineering (MEng) from The University of Sheffield in 1979 and a Master degree of Arts (MA) from The University of Oklahoma in 1998.

CEO Compensation
  • Yuen's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Yuen's remuneration is higher than average for companies of similar size in Hong Kong.
Management Team

Yuen Lo

TITLE
Executive Chairman & CEO
COMPENSATION
HK$5M
AGE
65

Ronnie Lo

TITLE
Executive Director
COMPENSATION
HK$3M
AGE
63

Ho Wan

TITLE
CFO & Secretary
AGE
41
TENURE
4.8 yrs

Chun Lam

TITLE
Assistant General Manager of Operation & Service
AGE
44
TENURE
7.5 yrs
Board of Directors

Yuen Lo

TITLE
Executive Chairman & CEO
COMPENSATION
HK$5M
AGE
65

Ronnie Lo

TITLE
Executive Director
COMPENSATION
HK$3M
AGE
63
TENURE
4.7 yrs

Wai Chau

TITLE
Independent Non-Executive Director
COMPENSATION
HK$174K
AGE
34

Wai Chan

TITLE
Non-Executive Director
COMPENSATION
HK$674K
AGE
54
TENURE
4.5 yrs

Henry Leung

TITLE
Independent Non-Executive Director
COMPENSATION
HK$174K
AGE
69

Man Lo

TITLE
Independent Non-Executive Director
COMPENSATION
HK$174K
AGE
53
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Man King Holdings individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
03. Jul 19 Buy Wai Sze Tam Individual 25. Jun 19 25. Jun 19 532,000 HK$0.57 HK$303,240
12. Apr 19 Buy Yuen Lo Individual 10. Apr 19 10. Apr 19 100,000 HK$0.70 HK$70,080
08. Apr 19 Buy Yuen Lo Individual 04. Apr 19 04. Apr 19 20,000 HK$0.74 HK$14,840
04. Apr 19 Buy Yuen Lo Individual 03. Apr 19 03. Apr 19 28,000 HK$0.71 HK$19,880
02. Apr 19 Buy Yuen Lo Individual 29. Mar 19 29. Mar 19 8,000 HK$0.71 HK$5,680
01. Apr 19 Buy Yuen Lo Individual 27. Mar 19 27. Mar 19 44,000 HK$0.73 HK$32,120
02. Oct 18 Buy Yuen Lo Individual 28. Sep 18 28. Sep 18 312,000 HK$0.79 HK$246,480
10. Sep 18 Buy Wai Sze Tam Individual 06. Sep 18 06. Sep 18 324,000 HK$0.78 HK$252,719
07. Sep 18 Buy Wai Sze Tam Individual 05. Sep 18 05. Sep 18 200,000 HK$0.76 HK$152,000
X
Management checks
We assess Man King Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Man King Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

2193 News

Simply Wall St News

Read This Before Selling Man King Holdings Limited (HKG:2193) Shares

For example, a Harvard University study found that 'insider purchases earn abnormal returns of more than 6% per year.' Check out our latest analysis for Man King Holdings The Last 12 Months Of Insider Transactions At Man King Holdings While there weren't any large insider transactions in the last twelve months, it's still worth looking at the trading. … SEHK:2193 Recent Insider Trading, July 10th 2019 Man King Holdings Insiders Bought Stock Recently We saw some Man King Holdings insider buying shares in the last three months. … On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Man King Holdings stock.

Simply Wall St -

Imagine Owning Man King Holdings (HKG:2193) And Wondering If The 42% Share Price Slide Is Justified

We regret to report that long term Man King Holdings Limited (HKG:2193) shareholders have had that experience, with the share price dropping 42% in three years, versus a market return of about 36%. … During the three years that the share price fell, Man King Holdings's earnings per share (EPS) dropped by 62% each year. … As it happens, Man King Holdings's TSR for the last 3 years was -39%, which exceeds the share price return mentioned earlier.

Simply Wall St -

Should We Be Cautious About Man King Holdings Limited's (HKG:2193) ROE Of 1.0%?

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Man King Holdings: 1.0% = HK$2.5m ÷ HK$239m (Based on the trailing twelve months to September 2018.) Most know that net profit is the total earnings after all expenses, but the concept of shareholders' equity is a little more complicated. … Man King Holdings's Debt And Its 1.0% ROE Man King Holdings has a debt to equity ratio of just 0.023, which is very low. … In my book the highest quality companies have high return on equity, despite low debt.

Simply Wall St -

Why We’re Not Keen On Man King Holdings Limited’s (HKG:2193) 0.3% Return On Capital

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Return On Capital Employed (ROCE): What is it? … ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business.

Simply Wall St -

Our Take On Man King Holdings Limited's (HKG:2193) CEO Salary

How Does Yuen Lo's Compensation Compare With Similar Sized Companies. … Our data indicates that Man King Holdings Limited is worth HK$311m, and total annual CEO compensation is HK$4.7m. … We examined a group of similar sized companies, with market capitalizations of below HK$1.6b

Simply Wall St -

Know This Before Buying Man King Holdings Limited (HKG:2193) For Its Dividend

A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. … Does Man King Holdings tick all the boxes of a great dividend stock? … Whenever I am looking at a potential dividend stock investment, I always check these five metrics:

Simply Wall St -

Investors Who Bought Man King Holdings Shares A Year Ago Are Now Down 11%

So while the Man King Holdings Limited (HKG:2193) share price is down 11% in the last year, the total return to shareholders (which includes dividends) was -6.6%. … Many high growth companies focus on growing revenue before profits, but if revenue is the focus, it really needs to grow. … Given this lacklustre revenue growth, the share price drop of 11% seems pretty appropriate.

Simply Wall St -

Should We Be Cautious About Man King Holdings Limited's (HKG:2193) ROE Of 1.0%?

This article is for those who would like to learn about Return On Equity (ROE). … That means that for every HK$1 worth of shareholders' equity, it generated HK$0.010 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Have Insiders Been Buying Man King Holdings Limited (HKG:2193) Shares?

So we'll take a look at whether insiders have been buying or selling shares in Man King Holdings Limited (HKG:2193). … The Last 12 Months Of Insider Transactions At Man King Holdings. … In total, Man King Holdings insiders bought more than they sold over the last year

Simply Wall St -

Should You Buy Man King Holdings Limited (HKG:2193) For Its 4.4% Dividend?

Does Man King Holdings tick all the boxes of a great dividend stock? … See our latest analysis for Man King Holdings … When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas:

Simply Wall St -

2193 Company Info

Description

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

Details
Name: Man King Holdings Limited
2193
Exchange: SEHK
Founded: 1995
HK$235,098,080
419,818,000
Website: http://www.manking.com.hk
Address: Man King Holdings Limited
Skyline Tower,
Unit D, 10th Floor,
Kowloon,
Kowloon, Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 2193 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 03. Jul 2015
Number of employees
Current staff
Staff numbers
137
Man King Holdings employees.
Industry
Construction and Engineering
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/22 12:57
End of day share price update: 2019/07/19 00:00
Last earnings filing: 2019/07/19
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.