SEHK:2326

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New Provenance Everlasting Holdings

Executive Summary

New Provenance Everlasting Holdings Limited, an investment holding company, sources and sells metal minerals and related industrial materials in the People’s Republic of China.


Snowflake Analysis

Flawless balance sheet and slightly overvalued.

Share Price & News

How has New Provenance Everlasting Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 2326 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

18.2%

2326

0.3%

HK Trade Distributors

-1.2%

HK Market


1 Year Return

-38.1%

2326

-26.3%

HK Trade Distributors

7.1%

HK Market

Return vs Industry: 2326 underperformed the Hong Kong Trade Distributors industry which returned -28% over the past year.

Return vs Market: 2326 underperformed the Hong Kong Market which returned 5.5% over the past year.


Shareholder returns

2326IndustryMarket
7 Day18.2%0.3%-1.2%
30 Day-7.1%-0.4%-2.8%
90 Day30.0%-0.9%7.1%
1 Year-38.1%-38.1%-24.0%-26.3%11.5%7.1%
3 Year-94.9%-94.9%-46.4%-50.0%1.8%-9.1%
5 Year-99.1%-99.1%-63.0%-67.8%13.8%-5.2%

Price Volatility Vs. Market

How volatile is New Provenance Everlasting Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is New Provenance Everlasting Holdings undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 2326 (HK$0.01) is trading below our estimate of fair value (HK$0.26)

Significantly Below Fair Value: 2326 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 2326 is unprofitable, so we can't compare its PE Ratio to the HK Trade Distributors industry average.

PE vs Market: 2326 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 2326's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 2326's PB Ratio (0.6x) is in line with the HK Trade Distributors industry average.


Next Steps

Future Growth

How is New Provenance Everlasting Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

12.9%

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 New Provenance Everlasting 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.


Next Steps

Past Performance

How has New Provenance Everlasting Holdings performed over the past 5 years?

-22.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 2326 is currently unprofitable.

Growing Profit Margin: 2326 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 2326 is unprofitable, and losses have increased over the past 5 years at a rate of 22.8% per year.

Accelerating Growth: Unable to compare 2326's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 2326 is unprofitable, making it difficult to compare its past year earnings growth to the Trade Distributors industry (6.3%).


Return on Equity

High ROE: 2326 has a negative Return on Equity (-1.2%), as it is currently unprofitable.


Next Steps

Financial Health

How is New Provenance Everlasting Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 2326's short term assets (HK$761.4M) exceed its short term liabilities (HK$321.1M).

Long Term Liabilities: 2326's short term assets (HK$761.4M) exceed its long term liabilities (HK$66.0K).


Debt to Equity History and Analysis

Debt Level: 2326 is debt free.

Reducing Debt: 2326 has no debt compared to 5 years ago when its debt to equity ratio was 174.1%.

Debt Coverage: 2326 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 2326 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is New Provenance Everlasting Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 2326's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 2326'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 2326's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 2326's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 2326 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 2326's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

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

0.8yrs

Average management tenure


CEO

Lik Man Sin (41 yo)

2.08yrs

Tenure

HK$3,008,000

Compensation

Mr. Lik Man Sin, HKICPA, FCCA has been Independent Non-Executive Director of Kunming Dianchi Water Treatment Co., Ltd. since November 16, 2018. Mr. Sin has been the Chief Executive Officer at New Provenanc ...


CEO Compensation Analysis

Compensation vs Market: Lik Man's total compensation ($USD388.11K) is above average for companies of similar size in the Hong Kong market ($USD230.83K).

Compensation vs Earnings: Lik Man's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Lik Man Sin
Chairman & CEO2.08yrsHK$3.01mno data
Le Sun
Executive Director0.75yrHK$699.00k23.9%
HK$ 65.5m
King Tat Hui
Company Secretary0.58yrno datano data

0.8yrs

Average Tenure

36yo

Average Age

Experienced Management: 2326's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Lik Man Sin
Chairman & CEO2.08yrsHK$3.01mno data
Le Sun
Executive Director0.75yrHK$699.00k23.9%
HK$ 65.5m
Tze-Kin Ng
Independent Non-Executive Director6.67yrsHK$578.00k0.043%
HK$ 117.0k
Ngai Lam Cheung
Independent Non-Executive Director0.50yrHK$40.00kno data
Di Sun
Non-Executive Director0.92yrHK$28.00kno data
Ye Wang
Independent Non-Executive Director0.50yrHK$8.00kno data

0.8yrs

Average Tenure

37.5yo

Average Age

Experienced Board: 2326's board of directors are not considered experienced ( 0.8 years average tenure), which suggests a new board.


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

New Provenance Everlasting Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: New Provenance Everlasting Holdings Limited
  • Ticker: 2326
  • Exchange: SEHK
  • Founded:
  • Industry: Trading Companies and Distributors
  • Sector: Capital Goods
  • Market Cap: HK$274.093m
  • Shares outstanding: 21.08b
  • Website: https://www.npegroup.com.hk

Number of Employees


Location

  • New Provenance Everlasting Holdings Limited
  • Shui On Centre
  • 11th Floor
  • Wan Chai
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
2326SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDMar 2003

Biography

New Provenance Everlasting Holdings Limited, an investment holding company, sources and sells metal minerals and related industrial materials in the People’s Republic of China. It is also involved in the p ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/11 12:50
End of Day Share Price2020/08/11 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


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.