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2355

Baoye Group SEHK:2355 Stock Report

Last Price

HK$4.16

Market Cap

HK$2.2b

7D

1.5%

1Y

-4.6%

Updated

23 Jun, 2022

Data

Company Financials
2355 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance2/6
Financial Health5/6
Dividends0/6

2355 Stock Overview

Baoye Group Company Limited, together with its subsidiaries, provides construction services in the People’s Republic of China.

Rewards

Price-To-Earnings ratio (2.4x) is below the Hong Kong market (9x)

Risk Analysis

No risks detected for 2355 from our risk checks.

Baoye Group Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Baoye Group
Historical stock prices
Current Share PriceHK$4.16
52 Week HighHK$4.54
52 Week LowHK$3.18
Beta0.43
1 Month Change3.74%
3 Month Change12.43%
1 Year Change-4.59%
3 Year Change-19.54%
5 Year Change-25.31%
Change since IPO186.90%

Recent News & Updates

Apr 12
Here's What To Make Of Baoye Group's (HKG:2355) Decelerating Rates Of Return

Here's What To Make Of Baoye Group's (HKG:2355) Decelerating Rates Of Return

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'd want to...

Shareholder Returns

2355HK ConstructionHK Market
7D1.5%-1.1%1.2%
1Y-4.6%2.0%-23.3%

Return vs Industry: 2355 underperformed the Hong Kong Construction industry which returned 1.9% over the past year.

Return vs Market: 2355 exceeded the Hong Kong Market which returned -23.8% over the past year.

Price Volatility

Is 2355's price volatile compared to industry and market?
2355 volatility
2355 Average Weekly Movement4.6%
Construction Industry Average Movement7.0%
Market Average Movement7.0%
10% most volatile stocks in HK Market13.7%
10% least volatile stocks in HK Market3.3%

Stable Share Price: 2355 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 2355's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19746,629Baogen Panghttps://www.baoyegroup.com

Baoye Group Company Limited, together with its subsidiaries, provides construction services in the People’s Republic of China. It operates through three segments: Construction, Property Development, and Building Materials. The Construction segment constructs government and public buildings, and urban facilities and infrastructure, as well as commercial, residential, and industrial buildings.

Baoye Group Fundamentals Summary

How do Baoye Group's earnings and revenue compare to its market cap?
2355 fundamental statistics
Market CapCN¥1.92b
Earnings (TTM)CN¥788.48m
Revenue (TTM)CN¥26.78b

2.4x

P/E Ratio

0.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
2355 income statement (TTM)
RevenueCN¥26.78b
Cost of RevenueCN¥24.64b
Gross ProfitCN¥2.15b
Other ExpensesCN¥1.36b
EarningsCN¥788.48m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.46
Gross Margin8.01%
Net Profit Margin2.94%
Debt/Equity Ratio45.1%

How did 2355 perform over the long term?

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

Valuation

Is 2355 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2355?

Other financial metrics that can be useful for relative valuation.

2355 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/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 2355's PE Ratio compare to its peers?

2355 PE Ratio vs Peers
The above table shows the PE ratio for 2355 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average15.7x

Price-To-Earnings vs Peers: 2355 is good value based on its Price-To-Earnings Ratio (2.4x) compared to the peer average (15.7x).


Price to Earnings Ratio vs Industry

How does 2355's PE Ratio compare vs other companies in the Hong Kong Construction Industry?

Price-To-Earnings vs Industry: 2355 is good value based on its Price-To-Earnings Ratio (2.4x) compared to the Hong Kong Construction industry average (11.2x)


Price to Earnings Ratio vs Fair Ratio

What is 2355'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.

2355 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio2.4x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 2355's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 2355 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2355 (HK$4.16) is trading above our estimate of fair value (HK$3.52)

Significantly Below Fair Value: 2355 is trading above our estimate of fair value.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 2355's PEG Ratio to determine if it is good value.


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Future Growth

How is Baoye Group 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


11.2%

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

Past Performance

How has Baoye Group performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


7.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 2355 has high quality earnings.

Growing Profit Margin: 2355's current net profit margins (2.9%) are lower than last year (3.1%).


Past Earnings Growth Analysis

Earnings Trend: 2355's earnings have grown by 7.9% per year over the past 5 years.

Accelerating Growth: 2355's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 2355 had negative earnings growth (-0.7%) over the past year, making it difficult to compare to the Construction industry average (0.01%).


Return on Equity

High ROE: 2355's Return on Equity (7.8%) is considered low.


Discover strong past performing companies

Financial Health

How is Baoye Group'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: 2355's short term assets (CN¥42.4B) exceed its short term liabilities (CN¥36.4B).

Long Term Liabilities: 2355's short term assets (CN¥42.4B) exceed its long term liabilities (CN¥1.2B).


Debt to Equity History and Analysis

Debt Level: 2355 has more cash than its total debt.

Reducing Debt: 2355's debt to equity ratio has increased from 7.7% to 45.1% over the past 5 years.

Debt Coverage: 2355's debt is well covered by operating cash flow (26.3%).

Interest Coverage: 2355 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Baoye Group current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate 2355's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 2355'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 2355's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 2355's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: 2355 is not paying a notable dividend for the Hong Kong market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as 2355 has not reported any payouts.


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Management

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

11.0yrs

Average board tenure


CEO

Baogen Pang (64 yo)

20.42yrs

Tenure

CN¥1,500,000

Compensation

Mr. Baogen Pang is the Founder of Baoye Group Company Limited and serves as its Executive Chairman and Chief Executive Officer. Mr. Pang is responsible for formulating the overall strategy and development...


CEO Compensation Analysis

Compensation vs Market: Baogen's total compensation ($USD223.85K) is about average for companies of similar size in the Hong Kong market ($USD305.04K).

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


Board Members

Experienced Board: 2355's board of directors are seasoned and experienced ( 11 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

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


Top Shareholders

Company Information

Baoye Group Company Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Baoye Group Company Limited
  • Ticker: 2355
  • Exchange: SEHK
  • Founded: 1974
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Implied Market Cap: HK$2.246b
  • Shares outstanding: 539.88m
  • Website: https://www.baoyegroup.com

Number of Employees


Location

  • Baoye Group Company Limited
  • No.1687 Guazhu East Road
  • Keqiao District
  • Shaoxing
  • Zhejiang Province
  • 312030
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/23 00:00
End of Day Share Price2022/06/23 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.