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242

Shun Tak HoldingsSEHK:242 Stock Report

Market Cap

HK$6.6b

7D

0.9%

1Y

-8.5%

Updated

20 Oct, 2021

Data

Company Financials +
242 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance2/6
Financial Health3/6
Dividends0/6

242 Overview

Shun Tak Holdings Limited, an investment holding company, engages in property, transportation, hospitality, and investment businesses in Hong Kong, Macau, Mainland China, and internationally.

Price History & Performance

Summary of all time highs, changes and price drops for Shun Tak Holdings
Historical stock prices
Current Share PriceHK$2.16
52 Week HighHK$2.00
52 Week LowHK$2.77
Beta0.89
1 Month Change4.85%
3 Month Change-8.48%
1 Year Change-8.48%
3 Year Change-12.90%
5 Year Change-20.00%
Change since IPO-50.91%

Recent News & Updates

Sep 20
Here's What To Make Of Shun Tak Holdings' (HKG:242) Decelerating Rates Of Return

Here's What To Make Of Shun Tak Holdings' (HKG:242) Decelerating Rates Of Return

There are a few key trends to look for if we want to identify the next multi-bagger. Typically, we'll want to notice a...

Jul 09
What Does Shun Tak Holdings Limited's (HKG:242) Share Price Indicate?

What Does Shun Tak Holdings Limited's (HKG:242) Share Price Indicate?

While Shun Tak Holdings Limited ( HKG:242 ) might not be the most widely known stock at the moment, it had a relatively...

Apr 18
Shun Tak Holdings (HKG:242) Has No Shortage Of Debt

Shun Tak Holdings (HKG:242) Has No Shortage Of Debt

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Shareholder Returns

242HK IndustrialsHK Market
7D0.9%1.5%2.8%
1Y-8.5%19.7%6.6%

Return vs Industry: 242 underperformed the Hong Kong Industrials industry which returned 19.7% over the past year.

Return vs Market: 242 underperformed the Hong Kong Market which returned 6.6% over the past year.

Price Volatility

Is 242's price volatile compared to industry and market?
242 volatility
242 Beta0.89
Industry Beta0.84
Market Beta1

Stable Share Price: 242 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 242's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19721,500Pansy Catilina Hohttps://www.shuntakgroup.com

Shun Tak Holdings Limited, an investment holding company, engages in property, transportation, hospitality, and investment businesses in Hong Kong, Macau, Mainland China, and internationally. It develops and sells property; markets and leases retail, office, and residential properties; offers property management services for residential and commercial properties; and provides property cleaning, laundry, maintenance and repair, project works, hygiene, pest control, waste management, legal advice, and financial management services. The company also offers passenger sea and land transportation services across destinations within the Pearl River Delta connecting cities, such as Hong Kong, Macau, Zhuhai, Shenzhen, and Shekou under the TurboJET brand name.

Shun Tak Holdings Fundamentals Summary


Earnings & Revenue

Key profitability statistics from the latest earnings report
242 income statement (TTM)
RevenueHK$4.03b
Cost of RevenueHK$1.77b
Gross ProfitHK$2.26b
ExpensesHK$1.25b
EarningsHK$1.01b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.33
Gross Margin56.04%
Net Profit Margin25.10%
Debt/Equity Ratio47.7%

How did 242 perform over the long term?

See historical performance and comparison

Valuation

Is Shun Tak Holdings undervalued compared to its fair value and its price relative to the market?

6.45x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 242 (HK$2.16) is trading above our estimate of fair value (HK$1.67)

Significantly Below Fair Value: 242 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 242 is poor value based on its PE Ratio (6.4x) compared to the Hong Kong Industrials industry average (6.2x).

PE vs Market: 242 is good value based on its PE Ratio (6.4x) compared to the Hong Kong market (9.7x).


Price to Earnings Growth Ratio

PEG Ratio: 242's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: 242 is good value based on its PB Ratio (0.2x) compared to the HK Industrials industry average (0.4x).


Future Growth

How is Shun Tak Holdings forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

-10.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 242's earnings are forecast to decline over the next 3 years (-10.9% per year).

Earnings vs Market: 242's earnings are forecast to decline over the next 3 years (-10.9% per year).

High Growth Earnings: 242's earnings are forecast to decline over the next 3 years.

Revenue vs Market: 242's revenue is expected to decline over the next 3 years (-6% per year).

High Growth Revenue: 242's revenue is forecast to decline over the next 3 years (-6% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 242's Return on Equity is forecast to be low in 3 years time (4.9%).


Past Performance

How has Shun Tak Holdings performed over the past 5 years?

16.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 242 has a large one-off gain of HK$757.0M impacting its June 30 2021 financial results.

Growing Profit Margin: 242 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 242's earnings have grown by 16.7% per year over the past 5 years.

Accelerating Growth: 242 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 242 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Industrials industry (53.2%).


Return on Equity

High ROE: 242's Return on Equity (3.8%) is considered low.


Financial Health

How is Shun Tak Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 242's short term assets (HK$23.4B) exceed its short term liabilities (HK$6.4B).

Long Term Liabilities: 242's short term assets (HK$23.4B) exceed its long term liabilities (HK$16.5B).


Debt to Equity History and Analysis

Debt Level: 242's debt to equity ratio (47.7%) is considered high.

Reducing Debt: 242's debt to equity ratio has increased from 38.5% to 47.7% over the past 5 years.

Debt Coverage: 242's debt is not well covered by operating cash flow (10.3%).

Interest Coverage: 242's interest payments on its debt are well covered by EBIT (5x coverage).


Balance Sheet


Dividend

What is Shun Tak Holdings's current dividend yield, its reliability and sustainability?

3.06%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 242's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 242'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 242's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 242's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 242 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 242'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?

19.8yrs

Average management tenure


CEO

Pansy Catilina Ho (58 yo)

22.33yrs

Tenure

HK$9,304,000

Compensation

Ms. Chiu King Ho, also known as Pansy Catilina, S.B.S JP, serves as Non-Executive Vice Chairman of the Board at Phoenix Media Investment (Holdings) Limited since June 22, 2021. She has been the Group Execu...


CEO Compensation Analysis

Compensation vs Market: Pansy Catilina's total compensation ($USD1.20M) is above average for companies of similar size in the Hong Kong market ($USD446.85K).

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


Leadership Team

Experienced Management: 242's management team is seasoned and experienced (19.8 years average tenure).


Board Members

Experienced Board: 242's board of directors are seasoned and experienced ( 14.9 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

Shun Tak Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Shun Tak Holdings Limited
  • Ticker: 242
  • Exchange: SEHK
  • Founded: 1972
  • Industry: Industrial Conglomerates
  • Sector: Capital Goods
  • Market Cap: HK$6.554b
  • Shares outstanding: 3.02b
  • Website: https://www.shuntakgroup.com

Number of Employees


Location

  • Shun Tak Holdings Limited
  • West Tower
  • Penthouse, 39th Floor
  • Central
  • Hong Kong

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/20 10:06
End of Day Share Price2021/10/20 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.