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New Provenance Everlasting Holdings

SEHK:2326
Snowflake Description

Mediocre balance sheet with limited growth.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
2326
SEHK
HK$464M
Market Cap
  1. Home
  2. HK
  3. Capital Goods
Company description

New Provenance Everlasting Holdings Limited, an investment holding company, sources and sells metal minerals and related industrial materials in Honk Kong and the People’s Republic of China. The last earnings update was 14 days ago. More info.


Add to Portfolio Compare Print
  • New Provenance Everlasting Holdings has significant price volatility in the past 3 months.
2326 Share Price and Events
7 Day Returns
4.5%
SEHK:2326
-0.1%
HK Trade Distributors
-0.2%
HK Market
1 Year Returns
-37.8%
SEHK:2326
0.9%
HK Trade Distributors
-4.5%
HK Market
2326 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
New Provenance Everlasting Holdings (2326) 4.5% -14.8% -28.1% -37.8% -94.6% -34.3%
HK Trade Distributors -0.1% 1.8% -7.8% 0.9% -24.7% -53%
HK Market -0.2% 2.7% -8.3% -4.5% 16.5% 1%
1 Year Return vs Industry and Market
  • 2326 underperformed the Trade Distributors industry which returned 0.9% over the past year.
  • 2326 underperformed the Market in Hong Kong which returned -4.5% over the past year.
Price Volatility
2326
Industry
5yr Volatility vs Market

2326 Value

 Is New Provenance Everlasting 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 New Provenance Everlasting 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 New Provenance Everlasting Holdings.

SEHK:2326 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 10.9%
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:2326
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6.7%
Trade Distributors Unlevered Beta Simply Wall St/ S&P Global 0.91
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.908 (1 + (1- 25%) (88.94%))
1.344
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.34
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.344 * 6.65%)
10.94%

Discounted Cash Flow Calculation for SEHK:2326 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for New Provenance Everlasting 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:2326 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 10.94%)
2020 147.45 Est @ -55.16% 132.91
2021 91.41 Est @ -38.01% 74.27
2022 67.64 Est @ -26% 49.54
2023 55.73 Est @ -17.6% 36.79
2024 49.20 Est @ -11.72% 29.28
2025 45.46 Est @ -7.6% 24.38
2026 43.31 Est @ -4.72% 20.94
2027 42.14 Est @ -2.7% 18.37
2028 41.60 Est @ -1.29% 16.34
2029 41.47 Est @ -0.3% 14.68
Present value of next 10 years cash flows HK$417.50
SEHK:2326 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= HK$41.47 × (1 + 2%) ÷ (10.94% – 2%)
HK$473.35
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$473.35 ÷ (1 + 10.94%)10
HK$167.62
SEHK:2326 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$417.50 + HK$167.62
HK$585.12
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$585.12 / 21,084.07
HK$0.03
SEHK:2326 Discount to Share Price
Calculation Result
Value per share (HKD) From above. HK$0.03
Current discount Discount to share price of HK$0.02
= -1 x (HK$0.02 - HK$0.03) / HK$0.03
17.1%

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

Current Discount
Amount off the current price New Provenance Everlasting Holdings is available for.
Intrinsic value
17%
Share price is HK$0.023 vs Future cash flow value of HK$0.02775
Current Discount Checks
For New Provenance Everlasting Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • New Provenance Everlasting Holdings's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • New Provenance Everlasting Holdings's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 New Provenance Everlasting Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are New Provenance Everlasting Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:2326 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in HKD HK$0.00
SEHK:2326 Share Price ** SEHK (2019-07-19) in HKD HK$0.02
Hong Kong Trade Distributors Industry PE Ratio Median Figure of 30 Publicly-Listed Trade Distributors Companies 10.75x
Hong Kong Market PE Ratio Median Figure of 1,510 Publicly-Listed Companies 10.72x

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

** Primary Listing of New Provenance Everlasting Holdings.

SEHK:2326 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:2326 Share Price ÷ EPS (both in HKD)

= 0.02 ÷ 0.00

-6.89x

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

  • New Provenance Everlasting Holdings is loss making, we can't compare its value to the HK Trade Distributors industry average.
  • New Provenance Everlasting Holdings is loss making, we can't compare the value of its earnings to the Hong Kong market.
Price based on expected Growth
Does New Provenance Everlasting Holdings's expected growth come at a high price?
Raw Data
SEHK:2326 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -6.89x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
17.6%per year
Global Trade Distributors Industry PEG Ratio Median Figure of 80 Publicly-Listed Trade Distributors Companies 1.16x
Hong Kong Market PEG Ratio Median Figure of 479 Publicly-Listed Companies 0.79x

*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 New Provenance Everlasting Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on New Provenance Everlasting Holdings's assets?
Raw Data
SEHK:2326 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in HKD HK$0.03
SEHK:2326 Share Price * SEHK (2019-07-19) in HKD HK$0.02
Hong Kong Trade Distributors Industry PB Ratio Median Figure of 59 Publicly-Listed Trade Distributors Companies 0.77x
Hong Kong Market PB Ratio Median Figure of 2,197 Publicly-Listed Companies 0.92x
SEHK:2326 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:2326 Share Price ÷ Book Value per Share (both in HKD)

= 0.02 ÷ 0.03

0.87x

* Primary Listing of New Provenance Everlasting Holdings.

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

  • New Provenance Everlasting Holdings is overvalued based on assets compared to the HK Trade Distributors industry average.
X
Value checks
We assess New Provenance Everlasting 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 Trade Distributors 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 Trade Distributors industry average (and greater than 0)? (1 check)
  5. New Provenance Everlasting Holdings has a total score of 0/6, 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.

2326 Future Performance

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

  • No analysts cover New Provenance Everlasting 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
17.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is New Provenance Everlasting Holdings expected to grow at an attractive rate?
  • New Provenance Everlasting Holdings's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • New Provenance Everlasting Holdings's earnings growth is expected to exceed the Hong Kong market average.
  • Unable to compare New Provenance Everlasting Holdings's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:2326 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:2326 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 17.6%
Hong Kong Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 9.7%
Asia Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 12.1%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.4%
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:2326 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:2326 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2019-03-31 1,296 343 -70
2018-12-31 1,830 15
2018-09-30 2,364 -94 100
2018-06-30 2,378 -153 167
2018-03-31 2,393 -213 234
2017-12-31 2,381 206
2017-09-30 2,370 19 177
2017-06-30 2,121 691 122
2017-03-31 1,873 1,363 66
2016-12-31 1,813 294 70
2016-09-30 1,753 -776 73
2016-06-30 2,011 -1,009 125

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • New Provenance Everlasting Holdings's earnings are expected to grow by 17.6% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if New Provenance Everlasting 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:2326 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 New Provenance Everlasting Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:2326 Past Financials Data
Date (Data in HKD Millions) EPS *
2019-03-31 0.00
2018-12-31 0.00
2018-09-30 0.00
2018-06-30 0.01
2018-03-31 0.01
2017-12-31 0.01
2017-09-30 0.01
2017-06-30 0.01
2017-03-31 0.00
2016-12-31 0.00
2016-09-30 0.00
2016-06-30 0.01

*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 New Provenance Everlasting Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess New Provenance Everlasting 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 Asia 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.
New Provenance Everlasting Holdings has a total score of 2/6, 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.

2326 Past Performance

  How has New Provenance Everlasting 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 New Provenance Everlasting Holdings's growth in the last year to its industry (Trade Distributors).
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.
  • New Provenance Everlasting Holdings does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare New Provenance Everlasting Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare New Provenance Everlasting Holdings's 1-year growth to the HK Trade Distributors industry average as it is not currently profitable.
Earnings and Revenue History
New Provenance Everlasting 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 New Provenance Everlasting Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:2326 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 1,296.04 -70.35 47.71
2018-12-31 1,829.78 14.80 58.26
2018-09-30 2,363.52 99.95 134.28
2018-06-30 2,378.20 166.79 135.68
2018-03-31 2,392.88 233.64 71.62
2017-12-31 2,381.45 205.55 78.24
2017-09-30 2,370.02 177.46 84.86
2017-06-30 2,121.28 121.91 92.60
2017-03-31 1,872.54 66.35 100.33
2016-12-31 1,812.97 69.51 99.02
2016-09-30 1,753.41 72.67 97.71
2016-06-30 2,011.39 125.20 103.06
2016-03-31 2,269.38 177.72 108.42
2015-12-31 1,809.21 131.01 91.12
2015-09-30 1,349.05 84.30 73.81
2015-06-30 991.50 50.75 53.86
2015-03-31 633.96 17.20 33.92
2014-12-31 569.52 9.87 28.84
2014-09-30 505.09 2.55 23.76
2014-06-30 362.63 -0.57 19.62
2014-03-31 220.17 -3.68 15.47
2013-12-31 145.09 -2.46 14.51
2013-09-30 70.02 -1.24 13.55
2013-06-30 110.33 3.10 12.90
2013-03-31 150.65 7.43 12.25
2012-12-31 208.92 10.04 11.71
2012-09-30 267.19 12.65 11.18

*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 New Provenance Everlasting 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 New Provenance Everlasting Holdings has efficiently used its assets last year compared to the HK Trade Distributors industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if New Provenance Everlasting 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 New Provenance Everlasting 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 Trade Distributors 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.
New Provenance Everlasting 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.

2326 Health

 How is New Provenance Everlasting 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 New Provenance Everlasting Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • New Provenance Everlasting Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • New Provenance Everlasting Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of New Provenance Everlasting 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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2x 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 New Provenance Everlasting Holdings Company Filings, last reported 3 months ago.

SEHK:2326 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 551.11 412.56 92.97
2018-12-31 551.11 412.56 92.97
2018-09-30 546.62 1,168.42 149.10
2018-06-30 546.62 1,168.42 149.10
2018-03-31 674.18 851.21 212.55
2017-12-31 674.18 851.21 212.55
2017-09-30 472.45 1,034.48 122.33
2017-06-30 472.45 1,034.48 122.33
2017-03-31 371.20 414.08 15.17
2016-12-31 371.20 414.08 15.17
2016-09-30 284.40 904.31 53.63
2016-06-30 284.40 904.31 53.63
2016-03-31 339.82 1,657.61 80.33
2015-12-31 339.82 1,657.61 80.33
2015-09-30 251.09 10.07 157.61
2015-06-30 251.09 10.07 157.61
2015-03-31 166.51 299.53 85.35
2014-12-31 166.51 299.53 85.35
2014-09-30 157.08 0.00 52.67
2014-06-30 157.08 0.00 52.67
2014-03-31 152.51 52.11 71.76
2013-12-31 152.51 52.11 71.76
2013-09-30 155.15 0.00 111.55
2013-06-30 155.15 0.00 111.55
2013-03-31 156.90 0.00 107.49
2012-12-31 156.90 0.00 107.49
2012-09-30 156.56 0.00 105.77
  • New Provenance Everlasting Holdings's level of debt (74.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (33.8% vs 74.9% today).
  • Debt is well covered by operating cash flow (83.1%, greater than 20% of total debt).
  • New Provenance Everlasting Holdings is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess New Provenance Everlasting 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. New Provenance Everlasting Holdings has a total score of 3/6, 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.

2326 Dividends

 What is New Provenance Everlasting 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 New Provenance Everlasting Holdings dividends.
If you bought HK$2,000 of New Provenance Everlasting 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 New Provenance Everlasting Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate New Provenance Everlasting 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:2326 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 Trade Distributors Industry Average Dividend Yield Market Cap Weighted Average of 12 Stocks 4.8%
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:2326 Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2017-12-12 0.000 0.000
2017-11-28 0.000 0.000
2017-07-26 0.000 0.000
2017-06-23 0.000 0.000
2016-11-28 0.000 0.000
2016-07-28 0.002 0.397
2016-06-22 0.002 0.481
2015-07-09 0.001 0.110
2015-06-29 0.001 0.053
2014-12-09 0.000 0.881
2014-11-20 0.000 1.176

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

  • Unable to perform a dividend volatility check as New Provenance Everlasting Holdings has not reported any payouts.
  • Unable to verify if New Provenance Everlasting Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of New Provenance Everlasting Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as New Provenance Everlasting 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 New Provenance Everlasting 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 New Provenance Everlasting Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. New Provenance Everlasting 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.

2326 Management

 What is the CEO of New Provenance Everlasting 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
Lik Man Sin
COMPENSATION HK$2,369,000
AGE 40
TENURE AS CEO 1 years
CEO Bio

Mr. Lik Man Sin, HKICPA, FCCA has been Independent Non-Executive Director of Kunming Dianchi Water Treatment Co., Ltd. since November 16, 2018. He has been the Chief Executive Officer at New Provenance Everlasting Holdings Limited since July 31, 2018, its Chairman since 14 September 2018 and its Executive Director since March 2, 2018. Mr. Sin served as Acting Chairman at New Provenance Everlasting Holdings Limited from July 31, 2018 to September 14, 2018 and its Chief Financial Officer from October 27, 2017 to September 14, 2018. Mr. Sin served as Joint company secretary at WuXi Biologics (Cayman) Inc. since January 2017. Mr. Sin served as a Secretary of Integrated Waste Solutions Group Holdings Limited from June 28, 2013 to September 3, 2013. Mr. Sin served as General Manager of Investor Relations at Integrated Waste Solutions Group Holdings Limited since June 2012 to September 2013. Mr. Sin served as Company Secretary of West China Cement Limited from May 20, 2010 to June 1, 2012. Mr. Sin has more than seventeen years of experience in financial control, corporate finance and capital market relations and had taken up senior management positions in several Hong Kong listed companies. Before joining West China Cement Limited, he worked as a senior finance manager of a subsidiary and an associated company of Norstar Founders Group Limited from April 2006 to May 2010 and was responsible for the management of the overall corporate finance and treasury functions, providing technical support on the financial control and corporate governance issues. From May 2003 to September 2005, he served as an Accounting Services Officer of HSBC International Trustee Limited, responsible for preparing the financial accounts and internal audit officer of Delta Asia Financial Group, responsible for performing the internal audit and preparing internal audit report. He served as a Staff Accountant of Ernst & Young from September 2000 to April 2003, responsible for reviewing accounting and internal control system, auditing financial accounts and preparing audited financial statements. He served as an Independent non-executive Director at Huili Resources (Group) Ltd. since December 16, 2011 until October 1, 2013. He is a fellow Member of the Hong Kong Institute of Certified Public Accountants (HKICPA) and a fellow member of the Association of Chartered Certified Accountants (ACCA). Mr. Sin received a Bachelor’s degree of Business Administration, with a major in Accounting from the Hong Kong University of Science and Technology in November 2000 and further received a Master’s Degree in Accounting from Curtin University of Science and Technology, Australia in April 2007.

CEO Compensation
  • Lik Man's compensation has increased whilst company is loss making.
  • Lik Man's remuneration is higher than average for companies of similar size in Hong Kong.
Management Team

Lik Man Sin

TITLE
Chairman & CEO
COMPENSATION
HK$2M
AGE
40
TENURE
1 yrs

Zhendong Li

TITLE
CFO & Executive Director
COMPENSATION
HK$1M
AGE
39

Julian Leung

TITLE
Company Secretary & Finance Senior Manager
AGE
40
TENURE
1.8 yrs
Board of Directors Tenure

Average tenure and age of the New Provenance Everlasting Holdings board of directors in years:

1.2
Average Tenure
59
Average Age
  • The average tenure for the New Provenance Everlasting Holdings board of directors is less than 3 years, this suggests a new board.
Board of Directors

Lik Man Sin

TITLE
Chairman & CEO
COMPENSATION
HK$2M
AGE
40
TENURE
1 yrs

Zhendong Li

TITLE
CFO & Executive Director
COMPENSATION
HK$1M
AGE
39
TENURE
1 yrs

Alick Siu

TITLE
Independent Non-Executive Director
COMPENSATION
HK$594K
AGE
64
TENURE
10.1 yrs

George Chan

TITLE
Independent Non-Executive Director
COMPENSATION
HK$594K
AGE
59
TENURE
10.1 yrs

David Ng

TITLE
Independent Non-Executive Director
COMPENSATION
HK$667K
AGE
69
TENURE
5.6 yrs

Gang Zheng

TITLE
Non-Executive Director
COMPENSATION
HK$538K
AGE
52
TENURE
1.2 yrs

Yongping Liu

TITLE
Independent Non Executive Director
COMPENSATION
HK$420K
AGE
63
TENURE
1.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
X
Management checks
We assess New Provenance Everlasting 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. New Provenance Everlasting 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.

2326 News

Simply Wall St News

Introducing New Provenance Everlasting Holdings (HKG:2326), The Stock That Tanked 93%

So consider, for a moment, the misfortune of New Provenance Everlasting Holdings Limited (HKG:2326) investors who have held the stock for three years as it declined a whopping 93%. … During the unfortunate three years of share price decline, New Provenance Everlasting Holdings actually saw its earnings per share (EPS) improve by 4.4% per year. … A Different Perspective While the broader market lost about 14% in the twelve months, New Provenance Everlasting Holdings shareholders did even worse, losing 68%.

Simply Wall St -

Why New Provenance Everlasting Holdings Limited’s (HKG:2326) Return On Capital Employed Is Impressive

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … What is Return On Capital Employed (ROCE)? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

Why New Provenance Everlasting Holdings Limited (HKG:2326) Looks Like A Quality Company

New Provenance Everlasting Holdings has a ROE of 18%, based on the last twelve months. … One way to conceptualize this, is that for each HK$1 of shareholders' equity it has, the company made HK$0.18 in profit. … Check out our latest analysis for New Provenance Everlasting Holdings?

Simply Wall St -

How Much Of New Provenance Everlasting Holdings Limited (HKG:2326) Do Insiders Own?

If you want to know who really controls New Provenance Everlasting Holdings Limited (HKG:2326), then you'll have to look at the makeup of its share registry. … New Provenance Everlasting Holdings is not a large company by global standards. … View our latest analysis for New Provenance Everlasting Holdings

Simply Wall St -

The New Provenance Everlasting Holdings Share Price Is Down 95% So Some Shareholders Are Very Salty

So spare a thought for the long term shareholders of New Provenance Everlasting Holdings Limited (HKG:2326); the share price is down a whopping 95% in the last three years. … And over the last year the share price fell 78%, so we doubt many shareholders are delighted. … Although the share price is down over three years, New Provenance Everlasting Holdings actually managed to grow EPS by 77% per year in that time.

Simply Wall St -

Do You Know What New Provenance Everlasting Holdings Limited's (HKG:2326) P/E Ratio Means?

To keep it practical, we'll show how New Provenance Everlasting Holdings Limited's (HKG:2326) P/E ratio could help you assess the value on offer. … Based on the last twelve months, New Provenance Everlasting Holdings's P/E ratio is 6.33. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

New Provenance Everlasting Holdings Limited (HKG:2326): The Return Story

and looking to gauge the potential return on investment in New Provenance Everlasting Holdings Limited (HKG:2326). … This is because the actual cash flow generated by the business dictates the potential for income (dividends) and capital appreciation (price increases), which are the two ways to achieve positive returns when buying a stock. … To understand New Provenance Everlasting Holdings’s capital returns we will look at a useful metric called return on capital employed.

Simply Wall St -

How Much Of New Provenance Everlasting Holdings Limited (HKG:2326) Do Insiders Own?

The big shareholder groups in New Provenance Everlasting Holdings Limited (HKG:2326) have power over the company. … New Provenance Everlasting Holdings is not a large company by global standards. … Check out our latest analysis for New Provenance Everlasting Holdings

Simply Wall St -

Is New Provenance Everlasting Holdings Limited (HKG:2326) Attractive At Its Current PE Ratio?

New Provenance Everlasting Holdings Limited (HKG:2326) trades with a trailing P/E of 4.2, which is lower than the industry average of 9.5. … While 2326 might seem like an attractive stock to buy, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions. … See our latest analysis for New Provenance Everlasting Holdings

Simply Wall St -

What does New Provenance Everlasting Holdings Limited's (HKG:2326) Balance Sheet Tell Us About Its Future?

New Provenance Everlasting Holdings Limited (HKG:2326) is a small-cap stock with a market capitalization of HK$759.03m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Assessing first and foremost the financial health is.

Simply Wall St -

2326 Company Info

Description

New Provenance Everlasting Holdings Limited, an investment holding company, sources and sells metal minerals and related industrial materials in Honk Kong and the People’s Republic of China. It is also involved in the production and sale of industrial products and utilities; provision of logistics services; and provision of management services. The company was formerly known as BEP International Holdings Limited and changed its name to New Provenance Everlasting Holdings Limited in October 2017. New Provenance Everlasting Holdings Limited is headquartered in Wan Chai, Hong Kong.

Details
Name: New Provenance Everlasting Holdings Limited
2326
Exchange: SEHK
Founded:
HK$463,849,587
21,084,072,140
Website: http://www.npegroup.com.hk
Address: New Provenance Everlasting Holdings Limited
Shui On Centre,
32nd Floor,
Wan Chai,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 2326 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 03. Mar 2003
Number of employees
Current staff
Staff numbers
308
New Provenance Everlasting Holdings employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/19 12:38
End of day share price update: 2019/07/19 00:00
Last earnings filing: 2019/07/05
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.