SEHK:3708

Stock Analysis Report

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Executive Summary

Yat Sing Holdings Limited, an investment holding company, provides building maintenance and renovation services in Hong Kong.


Snowflake Analysis

Flawless balance sheet with weak fundamentals.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 3708's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-2.4%

3708

0.9%

HK Construction

1.4%

HK Market


1 Year Return

5.8%

3708

-25.6%

HK Construction

-9.9%

HK Market

Return vs Industry: 3708 exceeded the Hong Kong Construction industry which returned -25.6% over the past year.

Return vs Market: 3708 exceeded the Hong Kong Market which returned -9.9% over the past year.


Shareholder returns

3708IndustryMarket
7 Day-2.4%0.9%1.4%
30 Day-22.4%-6.5%-3.7%
90 Day-16.4%-17.4%-7.8%
1 Year5.8%5.8%-22.8%-25.6%-6.9%-9.9%
3 Year-83.5%-83.5%-37.8%-44.6%-4.8%-14.4%
5 Year-64.9%-64.9%-51.0%-58.1%-15.2%-28.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

5.63x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 3708's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 3708's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 3708 is unprofitable, so we can't compare its PE Ratio to the Construction industry average.

PE vs Market: 3708 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 3708's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 3708 is overvalued based on its PB Ratio (5.6x) compared to the HK Construction industry average (0.9x).


Next Steps

Future Growth

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

10.4%

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 Yat Sing 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 Yat Sing Holdings performed over the past 5 years?

-65.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 3708 is currently unprofitable.

Growing Profit Margin: 3708 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 3708 is unprofitable, and losses have increased over the past 5 years at a rate of -65.2% per year.

Accelerating Growth: Unable to compare 3708's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 3708 is unprofitable, making it difficult to compare its past year earnings growth to the Construction industry (-7.7%).


Return on Equity

High ROE: 3708 has a negative Return on Equity (-9.74%), as it is currently unprofitable.


Next Steps

Financial Health

How is Yat Sing Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 3708's short term assets (HK$237.7M) exceed its short term liabilities (HK$84.2M).

Long Term Liabilities: 3708's short term assets (HK$237.7M) exceed its long term liabilities (HK$888.0K).


Debt to Equity History and Analysis

Debt Level: 3708 is debt free.

Reducing Debt: 3708 has no debt compared to 5 years ago when its debt to equity ratio was 27.6%.

Debt Coverage: 3708 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 3708 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 3708's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 3708'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 3708's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 3708'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 3708'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?

4.3yrs

Average management tenure


CEO

Jian Dai (32yo)

3.42yrs

Tenure

HK$1,218,000

Compensation

Mr. Jian Dai has been Chief Executive Officer and Vice Chairman at Yat Sing Holdings Limited since January 14, 2017 and November 21, 2019 respectively. Mr. Dai has been an Executive Director and General Ma ...


CEO Compensation Analysis

Compensation vs Market: Jian's total compensation ($USD157.12K) is below average for companies of similar size in the Hong Kong market ($USD228.12K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Jian Dai
Vice Chairman & CEO3.42yrsHK$1.22m58.43% HK$532.8m
Ming Dai
Executive Director2.83yrsHK$618.00kno data
Huijun Ma
Chairman of the Board0.58yrno datano data
Yat Ming Cheung
Technical Director20.83yrsno datano data
Aizhong Lai
Executive Director0.58yrHK$608.00k0.31% HK$2.8m
Nam Shan Fung
Company Secretary4.25yrsno datano data

4.3yrs

Average Tenure

47.5yo

Average Age

Experienced Management: 3708's management team is considered experienced (4.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jian Dai
Vice Chairman & CEO3.42yrsHK$1.22m58.43% HK$532.8m
Ming Dai
Executive Director2.83yrsHK$618.00kno data
Huijun Ma
Chairman of the Board0.58yrno datano data
Aizhong Lai
Executive Director0.58yrHK$608.00k0.31% HK$2.8m
Foon Chan
Independent Non-Executive Director3.42yrsHK$132.00kno data
Biao Guo
Independent Non-Executive Director4.25yrsHK$132.00kno data
Dan Song
Independent Non-Executive Director4.25yrsHK$132.00kno data
Shuhui Huang
Independent Non-Executive Director0.58yrno datano data
Junze Zhang
Non Executive Director0.50yrno datano data

0.6yrs

Average Tenure

46yo

Average Age

Experienced Board: 3708's board of directors are not considered experienced ( 0.6 years average tenure), which suggests a new board.


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.


Ownership Breakdown

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


Top Shareholders

Company Information

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


Key Information

  • Name: Yat Sing Holdings Limited
  • Ticker: 3708
  • Exchange: SEHK
  • Founded: 1960
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: HK$911.822m
  • Shares outstanding: 5.59b
  • Website: https://www.yat-sing.com.hk

Number of Employees


Location

  • Yat Sing Holdings Limited
  • Singga Commercial Centre
  • Unit 2606
  • Hong Kong
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
3708SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJan 2015

Biography

Yat Sing Holdings Limited, an investment holding company, provides building maintenance and renovation services in Hong Kong. The company offers building maintenance and renovation services; and administrative services. The company was founded in 1960 and is headquartered in Hong Kong, Hong Kong. Yat Sing Holdings Limited is a subsidiary of Smart Paradise International Limited. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/01 13:42
End of Day Share Price2020/06/01 00:00
Earnings2019/12/31
Annual Earnings2019/06/30


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.