SEHK:2448

Stock Analysis Report

Executive Summary

Space Group Holdings Limited, an investment holding company, engages in the fitting-out and building construction works in Macau, Hong Kong, and China.

Snowflake

Fundamentals

Mediocre balance sheet with questionable track record.

Share Price & News

How has Space Group Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

7.0%

2448

-0.2%

HK Construction

0.9%

HK Market


1 Year Return

53.3%

2448

-17.4%

HK Construction

0.6%

HK Market

Return vs Industry: 2448 exceeded the Hong Kong Construction industry which returned -17.4% over the past year.

Return vs Market: 2448 exceeded the Hong Kong Market which returned 0.6% over the past year.


Shareholder returns

2448IndustryMarket
7 Day7.0%-0.2%0.9%
30 Day5.3%-2.6%0.4%
90 Day-1.4%-11.7%-5.5%
1 Year53.3%53.3%-13.9%-17.4%4.2%0.6%
3 Yearn/a-26.7%-34.7%15.5%3.9%
5 Yearn/a0.5%-14.6%19.9%-0.1%

Price Volatility Vs. Market

How volatile is Space Group Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Space Group Holdings undervalued compared to its fair value and its price relative to the market?

16.25x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 2448's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 2448's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 2448 is poor value based on its PE Ratio (16.3x) compared to the Construction industry average (9.8x).

PE vs Market: 2448 is poor value based on its PE Ratio (16.3x) compared to the Hong Kong market (10.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 2448's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 2448 is overvalued based on its PB Ratio (2.8x) compared to the HK Construction industry average (1.1x).


Next Steps

Future Growth

How is Space Group Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

2.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 2448's forecast earnings growth (2.5% per year) is above the savings rate (2%).

Earnings vs Market: 2448's earnings (2.5% per year) are forecast to grow slower than the Hong Kong market (11.4% per year).

High Growth Earnings: 2448's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if 2448's revenue is forecast to grow faster than the Hong Kong market.

High Growth Revenue: Insufficient data to determine if 2448's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 2448's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Space Group Holdings performed over the past 5 years?

15.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 2448's earnings have grown by 15.7% per year over the past 5 years.

Accelerating Growth: 2448's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 2448 had negative earnings growth (-18%) over the past year, making it difficult to compare to the Construction industry average (-12.4%).


Return on Equity

High ROE: 2448's Return on Equity (17.2%) is considered low.


Return on Assets

ROA vs Industry: 2448 has a higher Return on Assets than the Construction industry average last year.


Return on Capital Employed

ROCE Improving: 2448's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Space Group Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 2448's short term assets (MOP543.8M) exceeds its short term liabilities (MOP278.4M)

Long Term Liabilities: 2448's short term assets (543.8M) exceeds its long term liabilities (3.4M)


Debt to Equity History and Analysis

Debt Level: 2448's debt to equity ratio (58.1%) is considered high

Reducing Debt: Insufficient data to determine if 2448's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 2448's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 2448's interest payments on its debt are well covered by EBIT (12.2x coverage).


Balance Sheet

Inventory Level: 2448 has a low level of unsold assets or inventory.

Debt Coverage by Assets: 2448's debt is covered by short term assets (assets are 2.448890x debt).


Next Steps

Dividend

What is Space Group Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.3%markettop25%6.3%industryaverage4.6%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate 2448's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 2448's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if 2448's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 2448's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 2448's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

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

1.8yrs

Average board tenure


CEO

Space Group Holdings has no CEO, or we have no data on them.


Board Age and Tenure

1.8yrs

Average Tenure

43yo

Average Age

Experienced Board: 2448's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


Insider Trading

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


Ownership Breakdown


Management Team

  • Yee Sang Wan (56yo)

    Executive Director

    • Tenure: 2.5yrs
  • Chan U Che (37yo)

    Chairman

    • Tenure: 1.8yrs
  • Soi Kun Lei (60yo)

    Executive Director

    • Tenure: 2.5yrs
  • Kwong Yu Ho (33yo)

    CFO & Company Secretary

    • Tenure: 0yrs
  • King To Ho (38yo)

    Senior Finance & Accounting Manager

    • Tenure: 0yrs

Board Members

  • Yee Sang Wan (56yo)

    Executive Director

    • Tenure: 2.5yrs
  • Chan U Che (37yo)

    Chairman

    • Tenure: 1.8yrs
  • Soi Kun Lei (60yo)

    Executive Director

    • Tenure: 2.5yrs
  • Andrew Fan (40yo)

    Independent Non-Executive Director

    • Tenure: 1.8yrs
  • José António dos Remédios (42yo)

    Independent Non-Executive Director

    • Tenure: 1.8yrs
  • Iat Lun Leong (44yo)

    Independent Non-Executive Director

    • Tenure: 1.8yrs

Company Information

Space Group Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Space Group Holdings Limited
  • Ticker: 2448
  • Exchange: SEHK
  • Founded: 2007
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: HK$1.049b
  • Shares outstanding: 760.00m
  • Website: https://www.spacegroup.com.mo

Number of Employees


Location

  • Space Group Holdings Limited
  • Edificio Centro Comercial Chong Fok 8C
  • Avenida de Marciano Baptista 18
  • Macau
  • Macau

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
2448SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJan 2018

Biography

Space Group Holdings Limited, an investment holding company, engages in the fitting-out and building construction works in Macau, Hong Kong, and China. It undertakes fitting-out projects, such as hotels an ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/20 13:06
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.