SEHK:3300

Stock Analysis Report

Executive Summary

China Glass Holdings Limited, through its subsidiaries, engages in the production, marketing, and distribution of glass and glass products in the People’s Republic of China and internationally.

Snowflake

Fundamentals

Fair value with questionable 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


Market Performance


7 Day Return

1.2%

3300

1.6%

HK Building

2.9%

HK Market


1 Year Return

-28.0%

3300

45.5%

HK Building

0.7%

HK Market

Return vs Industry: 3300 underperformed the Hong Kong Building industry which returned 45.5% over the past year.

Return vs Market: 3300 underperformed the Hong Kong Market which returned 0.7% over the past year.


Shareholder returns

3300IndustryMarket
7 Day1.2%1.6%2.9%
30 Day-7.6%7.0%-2.5%
90 Day-14.1%6.9%-5.4%
1 Year-28.0%-28.0%50.1%45.5%4.4%0.7%
3 Year-57.5%-57.5%-16.4%-21.2%17.0%5.2%
5 Year-53.3%-53.3%31.6%16.1%20.2%0.2%

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?

6.2x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: 3300 is good value based on its PE Ratio (6.2x) compared to the Building industry average (7.2x).

PE vs Market: 3300 is good value based on its PE Ratio (6.2x) compared to the Hong Kong market (10.4x).


Price to Earnings Growth Ratio

Low 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 (0.6x).


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?

4.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 3300's forecast earnings growth (4.7% per year) is above the savings rate (2%).

Earnings vs Market: 3300's earnings (4.7% per year) are forecast to grow slower than the Hong Kong market (11.1% per year).

High Growth Earnings: 3300's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if 3300's revenue is forecast to grow faster than the Hong Kong market.

High Growth Revenue: Insufficient data to determine if 3300's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if 3300's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

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

37.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 3300's earnings have grown significantly by 37.3% per year over the past 5 years.

Accelerating Growth: 3300's earnings growth over the past year (19.3%) is below its 5-year average (37.3% per year).

Earnings vs Industry: 3300 earnings growth over the past year (19.3%) exceeded the Building industry 14.9%.


Return on Equity

High ROE: 3300's Return on Equity (4.6%) is considered low.


Return on Assets

ROA vs Industry: 3300's Return on Assets is below or equal to the Building industry average last year.


Return on Capital Employed

ROCE Improving: 3300 is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is China Glass Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 3300's short term assets (CN¥2.3B) do not cover its short term liabilities (CN¥4.3B)

Long Term Liabilities: 3300's short term assets (2.3B) exceeds its long term liabilities (793.6M)


Debt to Equity History and Analysis

Debt Level: 3300's debt to equity ratio (141%) is considered high

Reducing Debt: 3300's debt to equity ratio has increased from 56.5% to 141% over the past 5 years.

Debt Coverage: 3300's debt is not well covered by operating cash flow (2.5%).

Interest Coverage: Insufficient data to determine if 3300's interest payments on its debt are well covered by EBIT.


Balance Sheet

Inventory Level: 3300 has a high level of physical assets or inventory.

Debt Coverage by Assets: 3300's debt is not covered by short term assets (assets are 0.7x debt).


Next Steps

Dividend

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


Upcoming Dividend Payment

Purchase China Glass Holdings before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield vs Market

company0%marketbottom25%2.2%markettop25%6.3%industryaverage2.9%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

High Dividend: Unable to evaluate 3300'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 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 .


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

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

7.6yrs

Average board tenure


CEO

Xiangdong Cui (59yo)

0yrs

Tenure

CN¥1,041,000

Compensation

Mr. Cui Xiangdong serves as the Chief Executive Officer of China Glass Holdings Limited and served as its Chief Executive Officer since November 22, 2013 until June 4, 2014. Mr. Cui served as Senior Vice P ...


CEO Compensation Analysis

Compensation vs. Market: Xiangdong's total compensation ($USD146.87K) is about average for companies of similar size in the Hong Kong market ($USD211.63K).

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


Board Age and Tenure

7.6yrs

Average Tenure

58yo

Average Age

Experienced Board: 3300's board of directors are considered experienced (7.6 years average tenure).


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

  • Ping Li (58yo)

    Senior Vice President

    • Tenure: 0yrs
  • Xiangdong Cui (59yo)

    CEO & Executive Director

    • Tenure: 0yrs
    • Compensation: CN¥1.04m
  • Jianxun Wang (61yo)

    Chief Technology Officer

    • Tenure: 0yrs
  • Yew Kuok (42yo)

    Company Secretary

    • Tenure: 1.8yrs
  • Liming Han (43yo)

    Chief Financial Officer

    • Tenure: 2.6yrs

Board Members

  • John Huan Zhao (56yo)

    Non-Executive Director

    • Tenure: 14.4yrs
  • Shou Peng (59yo)

    Chairman of the Board

    • Tenure: 2.6yrs
    • Compensation: CN¥1.00k
  • Baiheng Zhang (57yo)

    Independent Non-Executive Director

    • Tenure: 14.4yrs
    • Compensation: CN¥154.00k
  • Cheng Zhou (62yo)

    Honorary Chairman

    • Tenure: 4.7yrs
    • Compensation: CN¥68.00k
  • Xiangdong Cui (59yo)

    CEO & Executive Director

    • Tenure: 0yrs
    • Compensation: CN¥1.04m
  • Lihua Zhao (77yo)

    Independent Non-Executive Director

    • Tenure: 8.3yrs
    • Compensation: CN¥154.00k
  • Huachen Chen (40yo)

    Independent Non-Executive Director

    • Tenure: 6.8yrs
    • Compensation: CN¥154.00k
  • Jinshu Zhang (37yo)

    Non-executive Director

    • Tenure: 1.2yrs
    • Compensation: CN¥1.00k

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 the People’s Republic of China and internationally. It operates ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 12:40
End of Day Share Price2019/10/14 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.