SEHK:3300

Stock Analysis Report

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Market Cap

HK$3.0b

Last Updated

2021/06/19 10:34 UTC

Data Sources

Company Financials

Executive Summary

China Glass Holdings Limited, through its subsidiaries, engages in the production, marketing, and distribution of glass and glass products in Mainland China, Hong Kong, the Middle East, Bangladesh, Italy, the Philippines, Peru, and internationally. More Details

Risk Analysis

Volatile share price over the past 3 months



Snowflake Analysis

Mediocre balance sheet with weak fundamentals.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 3300 is more volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: 3300's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of Hong Kong stocks.


Market Performance


7 Day Return

-1.8%

3300

2.3%

HK Building

-1.3%

HK Market


1 Year Return

270.5%

3300

157.5%

HK Building

21.7%

HK Market

Return vs Industry: 3300 exceeded the Hong Kong Building industry which returned 145.2% over the past year.

Return vs Market: 3300 exceeded the Hong Kong Market which returned 21.7% over the past year.


Shareholder returns

3300IndustryMarket
7 Day-1.8%2.3%-1.3%
30 Day68.0%9.8%0.2%
90 Day143.3%22.0%-2.2%
1 Year270.5%270.5%162.8%157.5%26.3%21.7%
3 Year159.2%147.0%260.6%218.7%10.1%-1.6%
5 Year98.9%89.5%407.7%320.3%59.7%32.5%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is China Glass Holdings undervalued compared to its fair value and its price relative to the market?

1.22x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: 3300 (HK$1.63) is trading above our estimate of fair value (HK$1.51)

Significantly Below Fair Value: 3300 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 3300 is unprofitable, so we can't compare its PE Ratio to the Hong Kong Building industry average.

PE vs Market: 3300 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 3300's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 3300 is overvalued based on its PB Ratio (1.2x) compared to the HK Building industry average (0.7x).


Future Growth

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

16.6%

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 China Glass Holdings 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.


Past Performance

How has China Glass Holdings performed over the past 5 years?

29.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 3300 is currently unprofitable.

Growing Profit Margin: 3300 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 3300 is unprofitable, but has reduced losses over the past 5 years at a rate of 29.1% per year.

Accelerating Growth: Unable to compare 3300's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 3300 is unprofitable, making it difficult to compare its past year earnings growth to the Building industry (10.7%).


Return on Equity

High ROE: 3300 has a negative Return on Equity (-4.54%), as it is currently unprofitable.


Financial Health

How is China Glass Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 3300's short term assets (CN¥2.2B) do not cover its short term liabilities (CN¥3.8B).

Long Term Liabilities: 3300's short term assets (CN¥2.2B) exceed its long term liabilities (CN¥1.3B).


Debt to Equity History and Analysis

Debt Level: 3300's debt to equity ratio (159.5%) is considered high.

Reducing Debt: 3300's debt to equity ratio has increased from 77% to 159.5% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable 3300 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: 3300 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 7.8% per year.


Dividend

What is China Glass Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 3300's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 3300'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 3300's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 3300's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 3300 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 3300'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?

3.5yrs

Average management tenure


CEO

Guo Lyu (57 yo)

1

Tenure

CN¥130,000

Compensation

Mr. Guo Lyu has been the Chief Executive Officer of China Glass Holdings Limited since June 15, 2020 and serves as Executive Director since April 1, 2021. Mr. Lyu served as a Vice President of China Glass ...


Leadership Team

Experienced Management: 3300's management team is considered experienced (3.5 years average tenure).


Board Members

Experienced Board: 3300's board of directors are considered experienced (6.3 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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

China Glass Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: China Glass Holdings Limited
  • Ticker: 3300
  • Exchange: SEHK
  • Founded: 2004
  • Industry: Building Products
  • Sector: Capital Goods
  • Market Cap: HK$2.951b
  • Shares outstanding: 1.81b
  • Website: https://www.chinaglassholdings.com

Number of Employees


Location

  • China Glass Holdings Limited
  • West Tower
  • Unit 2608, 26th Floor
  • Central
  • Hong Kong

Listings


Biography

China Glass Holdings Limited, through its subsidiaries, engages in the production, marketing, and distribution of glass and glass products in Mainland China, Hong Kong, the Middle East, Bangladesh, Italy, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/19 10:34
End of Day Share Price2021/06/18 00:00
Earnings2020/12/31
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.