SEHK:2448

Stock Analysis Report

Executive Summary

Space Group Holdings Limited, an investment holding company, engages in the fitting-out and construction work activities in Macau.

Snowflake

Fundamentals

Mediocre balance sheet with questionable track record.

Risks

  • Space Group Holdings is not covered by any analysts.

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

3.9%

SEHK:2448

-1.9%

HK Construction

-0.7%

HK Market


1 Year Return

38.1%

SEHK:2448

-23.0%

HK Construction

-9.8%

HK Market

2448 outperformed the Construction industry which returned -23% over the past year.

2448 outperformed the Market in Hong Kong which returned -9.8% over the past year.


Share holder returns

2448IndustryMarket
7 Day3.9%-1.9%-0.7%
30 Day0.8%-12.1%-9.3%
90 Day11.7%-14.7%-8.4%
1 Year38.1%38.1%-20.1%-23.0%-6.6%-9.8%
3 Yearn/a-28.2%-35.2%12.8%1.6%
5 Yearn/a-4.1%-18.4%7.3%-10.5%

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 based on future cash flows and its price relative to the stock market?

16.85x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for Space Group Holdings to establish if it is available at moderate discount.

Unable to calculate intrinsic value for Space Group Holdings to establish if it is available at substantial discount.


Price Based on Earnings

Space Group Holdings is overvalued based on earnings compared to the HK Construction industry average.

Space Group Holdings is overvalued based on earnings compared to the Hong Kong market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Space Group Holdings, we can't assess if its growth is good value.


Price Based on Value of Assets

Space Group Holdings is overvalued based on assets compared to the HK Construction industry average.


Next Steps

Future Growth

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

3.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Space Group Holdings is high growth as no revenue estimate data is available.

Space Group Holdings's earnings are expected to grow by 3.5% yearly, however this is not considered high growth (20% yearly).

Unable to compare Space Group Holdings's revenue growth to the Hong Kong market average as no estimate data is available.

Space Group Holdings's earnings growth is positive but not above the Hong Kong market average.

Space Group Holdings's earnings growth is expected to exceed the low risk savings rate of 2%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Space Group Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

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

21.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Space Group Holdings has delivered over 20% year on year earnings growth in the past 5 years.

Space Group Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Space Group Holdings's 1-year earnings growth is negative, it can't be compared to the HK Construction industry average.


Return on Equity

Space Group Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Space Group Holdings used its assets more efficiently than the HK Construction industry average last year based on Return on Assets.


Return on Capital Employed

Space Group Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Space Group Holdings's financial position?


Financial Position Analysis

Space Group Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Space Group Holdings has no long term commitments.


Debt to Equity History and Analysis

Space Group Holdings's level of debt (45.2%) compared to net worth is high (greater than 40%).

Unable to establish if Space Group Holdings's debt level has increased without past 5-year debt data.

Operating cash flow is negative therefore debt is not well covered.

Interest payments on debt are well covered by earnings (EBIT is 14.8x coverage).


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 3.5x debt.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

Unable to evaluate Space Group Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Space Group Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Space Group Holdings has not reported any payouts.

Unable to verify if Space Group Holdings's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Space Group 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.


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?

1.7yrs

Average board tenure


CEO

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


Board Age and Tenure

1.7yrs

Average Tenure

43yo

Average Age

The average tenure for the Space Group Holdings board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Yee Sang Wan (56yo)

    Executive Director

  • Chan U Che (37yo)

    Chairman

  • Soi Kun Lei (60yo)

    Executive Director

  • Kwong Yu Ho (33yo)

    CFO & Company Secretary

  • King To Ho (38yo)

    Senior Finance & Accounting Manager


Board Members

  • Yee Sang Wan (56yo)

    Executive Director

    • Tenure: 2.3yrs
  • Chan U Che (37yo)

    Chairman

    • Tenure: 1.7yrs
  • Soi Kun Lei (60yo)

    Executive Director

    • Tenure: 2.3yrs
  • Andrew Fan (40yo)

    Independent Non-Executive Director

    • Tenure: 1.7yrs
  • José António dos Remédios (42yo)

    Independent Non-Executive Director

    • Tenure: 1.7yrs
  • Iat Lun Leong (44yo)

    Independent Non-Executive Director

    • Tenure: 1.7yrs

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$1.018b
  • Shares outstanding: 760.00m
  • Website: Click here

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 construction work activities in Macau. It undertakes fitting-out projects for projects, such as hotels and casino ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/17 13:09
End of Day Share Price2019/08/16 00:00
Earnings2018/12/31
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.