SEHK:3808

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Executive Summary

Sinotruk (Hong Kong) Limited, an investment holding company, engages in the research, development, manufacture, and sale of heavy duty trucks (HDTs), medium-heavy duty trucks, light duty trucks (LDTs), buses, and related parts and components in Mainland China and internationally.


Snowflake Analysis

Flawless balance sheet second-rate dividend payer.


Similar Companies

Share Price & News

How has Sinotruk (Hong Kong)'s share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 3808's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-0.4%

3808

-1.4%

HK Machinery

0.7%

HK Market


1 Year Return

111.8%

3808

36.3%

HK Machinery

0.4%

HK Market

Return vs Industry: 3808 exceeded the Hong Kong Machinery industry which returned 36.3% over the past year.

Return vs Market: 3808 exceeded the Hong Kong Market which returned 0.4% over the past year.


Shareholder returns

3808IndustryMarket
7 Day-0.4%-1.4%0.7%
30 Day8.1%9.7%-1.0%
90 Day53.9%32.7%9.6%
1 Year115.7%111.8%40.0%36.3%4.5%0.4%
3 Year208.9%173.2%58.6%46.6%0.2%-10.6%
5 Year554.8%464.4%76.5%61.6%9.9%-8.5%

Price Volatility Vs. Market

How volatile is Sinotruk (Hong Kong)'s share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Sinotruk (Hong Kong) undervalued compared to its fair value and its price relative to the market?

41.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 3808 (HK$24.1) is trading below our estimate of fair value (HK$41.33)

Significantly Below Fair Value: 3808 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 3808 is poor value based on its PE Ratio (18x) compared to the HK Machinery industry average (12.4x).

PE vs Market: 3808 is poor value based on its PE Ratio (18x) compared to the Hong Kong market (10.3x).


Price to Earnings Growth Ratio

PEG Ratio: 3808 is poor value based on its PEG Ratio (1.6x)


Price to Book Ratio

PB vs Industry: 3808 is overvalued based on its PB Ratio (2.2x) compared to the HK Machinery industry average (1x).


Next Steps

Future Growth

How is Sinotruk (Hong Kong) forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?

11.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 3808's forecast earnings growth (11% per year) is above the savings rate (1.6%).

Earnings vs Market: 3808's earnings (11% per year) are forecast to grow slower than the Hong Kong market (18.1% per year).

High Growth Earnings: 3808's earnings are forecast to grow, but not significantly.

Revenue vs Market: 3808's revenue (5.1% per year) is forecast to grow slower than the Hong Kong market (11.3% per year).

High Growth Revenue: 3808's revenue (5.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 3808's Return on Equity is forecast to be low in 3 years time (14%).


Next Steps

Past Performance

How has Sinotruk (Hong Kong) performed over the past 5 years?

50.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 3808 has high quality earnings.

Growing Profit Margin: 3808's current net profit margins (5.4%) are lower than last year (6.9%).


Past Earnings Growth Analysis

Earnings Trend: 3808's earnings have grown significantly by 50.1% per year over the past 5 years.

Accelerating Growth: 3808's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 3808 had negative earnings growth (-23.3%) over the past year, making it difficult to compare to the Machinery industry average (-8.7%).


Return on Equity

High ROE: 3808's Return on Equity (12.4%) is considered low.


Next Steps

Financial Health

How is Sinotruk (Hong Kong)'s financial position?


Financial Position Analysis

Short Term Liabilities: 3808's short term assets (CN¥48.2B) exceed its short term liabilities (CN¥35.2B).

Long Term Liabilities: 3808's short term assets (CN¥48.2B) exceed its long term liabilities (CN¥347.5M).


Debt to Equity History and Analysis

Debt Level: 3808's debt to equity ratio (3.3%) is considered satisfactory.

Reducing Debt: 3808's debt to equity ratio has reduced from 34.1% to 3.3% over the past 5 years.

Debt Coverage: 3808's debt is well covered by operating cash flow (863.4%).

Interest Coverage: 3808's interest payments on its debt are well covered by EBIT (56.2x coverage).


Balance Sheet


Next Steps

Dividend

What is Sinotruk (Hong Kong) current dividend yield, its reliability and sustainability?

1.66%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 3808's dividend (1.66%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.28%).

High Dividend: 3808's dividend (1.66%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.87%).


Stability and Growth of Payments

Stable Dividend: 3808's dividend payments have been volatile in the past 10 years.

Growing Dividend: 3808's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (29.8%), 3808's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 3808's dividends in 3 years are forecast to be well covered by earnings (41% payout ratio).


Next Steps

  • Explore strong dividend paying companies in the Capital Goods industry.

Management

How experienced are the management team and are they aligned to shareholders interests?

1.3yrs

Average management tenure


CEO

Zhengtao Liu (50 yo)

0.17

Tenure

Mr. Zhengtao Liu serves as President at Sinotruk (Hong Kong) Limited since June 15, 2020. He has been Executive Director of Sinotruk (Hong Kong) Limited since March 9, 2020. Mr. Liu joined Jinan Auto Manuf ...


Leadership Team

NamePositionTenureCompensationOwnership
Dong Cai
Executive Chairman1.83yrsCN¥790.00kno data
Peimin Liu
Operation Controller5.67yrsCN¥745.00kno data
Wei Liu
Head of International Sales Division5.67yrsCN¥718.00kno data
Richard von Braunschweig
Executive Director0.75yrCN¥1.10mno data
Lixin Dai
VP, Secretary & Executive Director1.83yrsCN¥718.00kno data
Zhengtao Liu
President & Executive Director0.17yrno datano data
Ka Yiu Kwok
Company Secretary & Financial Controller12.75yrsno datano data
Hongkun Qu
Financial Controller & Executive Director0.42yrno datano data

1.3yrs

Average Tenure

50.5yo

Average Age

Experienced Management: 3808's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Dong Cai
Executive Chairman1.83yrsCN¥790.00kno data
Peimin Liu
Operation Controller5.67yrsCN¥745.00kno data
Wei Liu
Head of International Sales Division5.67yrsCN¥718.00kno data
Richard von Braunschweig
Executive Director0.75yrCN¥1.10mno data
Lixin Dai
VP, Secretary & Executive Director1.83yrsCN¥718.00kno data
Zhengtao Liu
President & Executive Director0.17yrno datano data
Hongkun Qu
Financial Controller & Executive Director0.42yrno datano data
Zhijun Lin
Independent Non-Executive Director13.08yrsCN¥180.00kno data
Hang Zhao
Independent Non-Executive Director4.33yrsCN¥180.00kno data
Weicheng Yang
Independent Non-Executive Director6.75yrsCN¥180.00kno data
Dengfeng Wang
Independent Non-Executive Director4.42yrsCN¥180.00kno data
Shousheng Lyu
Independent Non-Executive Director1.25yrsCN¥113.00kno data

3.1yrs

Average Tenure

52yo

Average Age

Experienced Board: 3808's board of directors are considered experienced (3.1 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.


Ownership Breakdown

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


Top Shareholders

Company Information

Sinotruk (Hong Kong) Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Sinotruk (Hong Kong) Limited
  • Ticker: 3808
  • Exchange: SEHK
  • Founded: 2007
  • Industry: Construction Machinery and Heavy Trucks
  • Sector: Capital Goods
  • Market Cap: HK$66.678b
  • Shares outstanding: 2.76b
  • Website: https://www.sinotruk.com

Number of Employees


Location

  • Sinotruk (Hong Kong) Limited
  • Sinotruk Tower
  • Innovation Zone
  • Jinan
  • Shandong Province
  • 250101
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
3808SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDNov 2007
4SKDB (Deutsche Boerse AG)YesOrdinary SharesDEEURNov 2007
3808SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesOrdinary SharesHKHKDNov 2007
3808SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesOrdinary SharesHKHKDNov 2007
SHKL.YOTCPK (Pink Sheets LLC)ADRUSUSDOct 2008

Biography

Sinotruk (Hong Kong) Limited, an investment holding company, engages in the research, development, manufacture, and sale of heavy duty trucks (HDTs), medium-heavy duty trucks, light duty trucks (LDTs), bus ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/03 12:43
End of Day Share Price2020/08/03 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.