SEHK:3300

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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, South Korea, Italy, Nigeria, and internationally.


Snowflake Analysis

Slightly overvalued with poor track record.

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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

3.7%

3300

5.8%

HK Building

1.2%

HK Market


1 Year Return

-5.6%

3300

102.9%

HK Building

5.4%

HK Market

Return vs Industry: 3300 underperformed the Hong Kong Building industry which returned 102.9% over the past year.

Return vs Market: 3300 underperformed the Hong Kong Market which returned 5.4% over the past year.


Shareholder returns

3300IndustryMarket
7 Day3.7%5.8%1.2%
30 Day6.3%24.4%-4.4%
90 Day13.5%37.0%7.6%
1 Year-1.0%-5.6%109.8%102.9%9.7%5.4%
3 Year-35.2%-38.2%106.8%92.0%3.5%-7.6%
5 Year-64.5%-66.1%46.2%34.0%12.0%-6.8%

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?

7.75x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 3300's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 3300's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 3300's PE Ratio (7.7x) is in line with the HK Building industry average.

PE vs Market: 3300 is good value based on its PE Ratio (7.7x) compared to the Hong Kong market (10.4x).


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 good value based on its PB Ratio (0.3x) compared to the HK Building industry average (0.5x).


Next Steps

Future Growth

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

20.6%

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.


Next Steps

Past Performance

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

55.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 3300 has a large one-off gain of CN¥222.0M impacting its December 31 2019 financial results.

Growing Profit Margin: 3300's current net profit margins (3.5%) are lower than last year (3.6%).


Past Earnings Growth Analysis

Earnings Trend: 3300 has become profitable over the past 5 years, growing earnings by 55.7% per year.

Accelerating Growth: 3300's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 3300 had negative earnings growth (-11.7%) over the past year, making it difficult to compare to the Building industry average (3.4%).


Return on Equity

High ROE: 3300's Return on Equity (3.2%) is considered low.


Next Steps

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¥3.5B).

Long Term Liabilities: 3300's short term assets (CN¥2.2B) exceed its long term liabilities (CN¥1.4B).


Debt to Equity History and Analysis

Debt Level: 3300's debt to equity ratio (144.9%) is considered high.

Reducing Debt: 3300's debt to equity ratio has increased from 66.6% to 144.9% over the past 5 years.

Debt Coverage: 3300's debt is not well covered by operating cash flow (4.2%).

Interest Coverage: 3300's interest payments on its debt are not well covered by EBIT (0.3x coverage).


Balance Sheet


Next Steps

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?

1.4yrs

Average management tenure


CEO

Guo Lyu (57 yo)

0.17

Tenure

CN¥130,000

Compensation

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


Leadership Team

NamePositionTenureCompensationOwnership
Xiangdong Cui
Executive Director13.42yrsCN¥1.66m0.81%
CN¥ 6.2m
Guo Lyu
Chief Executive Officer0.17yrCN¥130.00k0.38%
CN¥ 2.9m
Liming Han
Chief Financial Officer3.42yrsno datano data
Jianxun Wang
Chief Technology Officerno datano datano data
Ping Li
Senior Vice Presidentno datano datano data
Yew Lee Kuok
Company Secretary2.67yrsno datano data

1.4yrs

Average Tenure

58yo

Average Age

Experienced Management: 3300's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Xiangdong Cui
Executive Director13.42yrsCN¥1.66m0.81%
CN¥ 6.2m
Linghuan Zhao
Non-Executive Director15.25yrsno datano data
Shou Peng
Chairman of the Board3.42yrsCN¥1.00kno data
Baiheng Zhang
Independent Non-Executive Director15.25yrsCN¥159.00kno data
Cheng Zhou
Honorary Chairman5.5yrsCN¥71.00k1.25%
CN¥ 9.5m
Lihua Zhao
Independent Non-Executive Director9.17yrsCN¥159.00kno data
Huachen Chen
Independent Non-Executive Director7.67yrsCN¥159.00kno data
Jinshu Zhang
Non-executive Director2yrsCN¥1.00kno data

8.4yrs

Average Tenure

59yo

Average Age

Experienced Board: 3300's board of directors are considered experienced (8.4 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$760.262m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
3300SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJun 2005
C8G1DB (Deutsche Boerse AG)YesOrdinary SharesDEEURJun 2005

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, South K ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/09 12:48
End of Day Share Price2020/08/07 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.