SEHK:3313

Stock Analysis Report

Executive Summary

ArtGo Holdings Limited, an investment holding company, primarily engages in the trading of commodities in Mainland China and internationally.

Snowflake

Fundamentals

Excellent balance sheet with weak fundamentals.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

47.0%

3313

7.5%

HK Trade Distributors

0.9%

HK Market


1 Year Return

1388.6%

3313

11.6%

HK Trade Distributors

0.6%

HK Market

Return vs Industry: 3313 exceeded the Hong Kong Trade Distributors industry which returned 11.6% over the past year.

Return vs Market: 3313 exceeded the Hong Kong Market which returned 0.6% over the past year.


Shareholder returns

3313IndustryMarket
7 Day47.0%7.5%0.9%
30 Day-34.7%-7.8%0.4%
90 Day161.3%8.2%-5.5%
1 Year1388.6%1388.6%15.0%11.6%4.2%0.6%
3 Year716.7%716.7%-7.8%-16.2%15.5%3.9%
5 Year224.9%224.9%-38.4%-50.5%19.9%-0.1%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

9.61x

Price to Book (PB) ratio


Share Price vs. Fair Value

Undervalued: 3313 (HK$5.88) is trading above our estimate of fair value (HK$1.53)

Significantly Undervalued: 3313 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 3313 is unprofitable, so we can't compare its PE Ratio to the Trade Distributors industry average.

PE vs Market: 3313 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate 3313's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 3313 is overvalued based on its PB Ratio (9.6x) compared to the HK Trade Distributors industry average (0.6x).


Next Steps

Future Growth

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

13.1%

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 ArtGo 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 ArtGo Holdings performed over the past 5 years?

-82.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 3313 is unprofitable, and losses have increased over the past 5 years at a rate of -82.2% per year.

Accelerating Growth: Unable to compare 3313's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 3313 is unprofitable, making it difficult to compare its past year earnings growth to the Trade Distributors industry (1%).


Return on Equity

High ROE: 3313 has a negative Return on Equity (-37.92%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: 3313 is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: 3313 is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is ArtGo Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 3313's short term assets (CN¥374.1M) exceeds its short term liabilities (CN¥356.6M)

Long Term Liabilities: 3313's short term assets (374.1M) exceeds its long term liabilities (333.7M)


Debt to Equity History and Analysis

Debt Level: 3313's debt to equity ratio (28.1%) is considered satisfactory

Reducing Debt: 3313's debt to equity ratio has increased from 11.5% to 28.1% over the past 5 years.


Balance Sheet

Inventory Level: 3313 has a high level of physical assets or inventory.

Debt Coverage by Assets: 3313's debt is not covered by short term assets (assets are 0.8x debt).


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 3313 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: 3313 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 40.2% per year.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.3%markettop25%6.3%industryaverage3.9%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate 3313's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 3313'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 3313's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 3313'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 3313'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 ArtGo Holdings's salary, the management and board of directors tenure and is there insider trading?

2.8yrs

Average management tenure


CEO

Jing Wu (33yo)

2.8yrs

Tenure

CN¥4,145,000

Compensation

Ms. Jing Wu has been the Chairman of the Board and Executive Director of ArtGo Holdings Limited since June 8, 2016 and March 09, 2016 respectively and its Acting Chief Executive Officer since December 1, 2 ...


CEO Compensation Analysis

Compensation vs. Market: Jing's total compensation ($USD585.32K) is about average for companies of similar size in the Hong Kong market ($USD556.65K).

Compensation vs Earnings: Jing's compensation has increased whilst the company is unprofitable.


Management Age and Tenure

2.8yrs

Average Tenure

44yo

Average Age

Experienced Management: 3313's management team is considered experienced (2.8 years average tenure).


Board Age and Tenure

3.3yrs

Average Tenure

49yo

Average Age

Experienced Board: 3313's board of directors are considered experienced (3.3 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.


Recent Insider Transactions

SellCN¥180,000,20630 Jul 19
China First Capital Group Limited
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SellCN¥28,200,01017 Jun 19
Zhengguo Gu
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Shares30,000,000
Max PriceCN¥0.94
SellCN¥972,10328 May 19
Yin Qin
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Shares1,145,000
Max PriceCN¥0.85
SellCN¥142,246,90823 May 19
Yin Qin
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Shares167,547,160
Max PriceCN¥0.85
SellCN¥79,920,19325 Feb 19
Tao Zhang
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Shares108,000,000
Max PriceCN¥0.74
SellCN¥80,213,65620 Feb 19
China Marble Investment Holdings Limited
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Shares224,564,452
Max PriceCN¥0.36

Ownership Breakdown


Management Team

  • Wai Ming Lee (51yo)

    Chief Finance Officer

    • Tenure: 0yrs
  • Jiyan Zhang (47yo)

    Dep. Manager of Tech. & Quality Research and Dep. Chief of Building Preparatory - Stone Processing

    • Tenure: 0yrs
  • Zhipeng Zhao (36yo)

    Company Secretary

    • Tenure: 3.3yrs
  • Weiwen Gu (49yo)

    Vice Chairman

    • Tenure: 2.8yrs
    • Compensation: CN¥3.81m
  • Jian Zhang (44yo)

    Deputy GM

    • Tenure: 3.6yrs
    • Compensation: CN¥1.91m
  • Jing Wu (33yo)

    Chairman & Acting CEO

    • Tenure: 2.8yrs
    • Compensation: CN¥4.15m
  • Shikui Jiang (38yo)

    Chief Operation Officer

    • Tenure: 1.8yrs

Board Members

  • Kelvin Hui (59yo)

    Independent Non-Executive Director

    • Tenure: 3.3yrs
    • Compensation: CN¥303.00k
  • Zengcai Gu (56yo)

    Non-Executive Director

    • Tenure: 3.3yrs
    • Compensation: CN¥276.00k
  • Yuet Kwan Lung (52yo)

    Independent Non-Executive Director

    • Tenure: 2.3yrs
    • Compensation: CN¥320.00k
  • Weiwen Gu (49yo)

    Vice Chairman

    • Tenure: 2.8yrs
    • Compensation: CN¥3.81m
  • Jian Zhang (44yo)

    Deputy GM

    • Tenure: 3.6yrs
    • Compensation: CN¥1.91m
  • Jing Wu (33yo)

    Chairman & Acting CEO

    • Tenure: 2.8yrs
    • Compensation: CN¥4.15m
  • Xiaohan Zhang (34yo)

    Independent Non-Executive Director

    • Tenure: 2.3yrs
    • Compensation: CN¥218.00k

Company Information

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


Key Information

  • Name: ArtGo Holdings Limited
  • Ticker: 3313
  • Exchange: SEHK
  • Founded: 2011
  • Industry: Trading Companies and Distributors
  • Sector: Capital Goods
  • Market Cap: HK$18.220b
  • Shares outstanding: 3.10b
  • Website: https://www.artgo.cn

Number of Employees


Location

  • ArtGo Holdings Limited
  • PICC Life Insurance Building
  • 9th Floor
  • Shanghai
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
3313SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDDec 2013

Biography

ArtGo Holdings Limited, an investment holding company, primarily engages in the trading of commodities in Mainland China and internationally. The company operates through three segments: Marble Products, C ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/19 12:55
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.