Chinney Alliance Group
Market Cap
HK$785.3m
Last Updated
2020/02/21 12:37 UTC
Data Sources
Company Financials
Executive Summary
Chinney Alliance Group Limited, an investment holding company, engages in the trading of plastic and chemical products, and building related contracting activities.
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet with proven track record and pays a dividend.
Share Price & News
How has Chinney Alliance Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 385 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
8.2%
385
1.1%
HK Construction
0.6%
HK Market
1 Year Return
-5.0%
385
-26.1%
HK Construction
-5.7%
HK Market
Return vs Industry: 385 exceeded the Hong Kong Construction industry which returned -26.1% over the past year.
Return vs Market: 385 matched the Hong Kong Market which returned -5.7% over the past year.
Shareholder returns
| 385 | Industry | Market | |
|---|---|---|---|
| 7 Day | 8.2% | 1.1% | 0.6% |
| 30 Day | -2.2% | -2.7% | -0.8% |
| 90 Day | -2.9% | -2.4% | 4.1% |
| 1 Year | -0.9%-5.0% | -22.6%-26.1% | -2.2%-5.7% |
| 3 Year | 23.6%9.1% | -36.0%-42.8% | 13.8%2.3% |
| 5 Year | 115.2%76.0% | -26.3%-37.2% | 14.8%-4.2% |
Price Volatility Vs. Market
How volatile is Chinney Alliance Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Does Chinney Alliance Group's (HKG:385) Share Price Gain of 69% Match Its Business Performance?3 weeks ago | Simply Wall St
How Does Chinney Alliance Group Limited (HKG:385) Fare As A Dividend Stock?1 month ago | Simply Wall St
Does Chinney Alliance Group Limited's (HKG:385) CEO Pay Compare Well With Peers?Valuation
Is Chinney Alliance Group undervalued compared to its fair value and its price relative to the market?
3.91x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 385 (HK$1.32) is trading above our estimate of fair value (HK$0.81)
Significantly Below Fair Value: 385 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 385 is good value based on its PE Ratio (3.9x) compared to the Construction industry average (8.9x).
PE vs Market: 385 is good value based on its PE Ratio (3.9x) compared to the Hong Kong market (10.2x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 385's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 385 is good value based on its PB Ratio (0.4x) compared to the HK Construction industry average (1x).
Next Steps
Future Growth
How is Chinney Alliance Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
10.9%
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 Chinney Alliance Group 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
- Examine whether Chinney Alliance Group is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Chinney Alliance Group competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Capital Goods industry.
Past Performance
How has Chinney Alliance Group performed over the past 5 years?
7.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 385 has a high level of non-cash earnings.
Growing Profit Margin: 385's current net profit margins (3.5%) are higher than last year (2.8%).
Past Earnings Growth Analysis
Earnings Trend: 385's earnings have grown by 7% per year over the past 5 years.
Accelerating Growth: 385's earnings growth over the past year (24.3%) exceeds its 5-year average (7% per year).
Earnings vs Industry: 385 earnings growth over the past year (24.3%) exceeded the Construction industry -5.4%.
Return on Equity
High ROE: 385's Return on Equity (10.7%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Chinney Alliance Group's financial position?
Financial Position Analysis
Short Term Liabilities: 385's short term assets (HK$2.7B) exceed its short term liabilities (HK$1.5B).
Long Term Liabilities: 385's short term assets (HK$2.7B) exceed its long term liabilities (HK$162.3M).
Debt to Equity History and Analysis
Debt Level: 385's debt to equity ratio (8.4%) is considered satisfactory.
Reducing Debt: 385's debt to equity ratio has reduced from 39% to 8.4% over the past 5 years.
Debt Coverage: 385's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 385's interest payments on its debt are well covered by EBIT (31.5x coverage).
Balance Sheet
Inventory Level: 385 has a high level of physical assets or inventory.
Debt Coverage by Assets: 385's debt is covered by short term assets (assets are 16.4x debt).
Next Steps
Dividend
What is Chinney Alliance Group's current dividend yield, its reliability and sustainability?
4.55%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: 385's dividend (4.55%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.27%).
High Dividend: 385's dividend (4.55%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.33%).
Stability and Growth of Payments
Stable Dividend: 385's dividends per share have been stable in the past 10 years.
Growing Dividend: 385's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (17.8%), 385's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
8.3yrs
Average board tenure
CEO
Zuric Chan (64yo)
7.9yrs
Tenure
HK$3,266,000
Compensation
Mr. Yuen-Keung Chan, also known as Zuric, has been an Managing Director & Executive Director of Chinney Investments Ltd. since April 01, 2018 and has been its Vice Chairman since 13 July 2018. Mr. Chan has ...
CEO Compensation Analysis
Compensation vs Market: Zuric's total compensation ($USD419.62K) is above average for companies of similar size in the Hong Kong market ($USD226.09K).
Compensation vs Earnings: Zuric's compensation has increased by more than 20% in the past year.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 22.1yrs | no data | no data | |
| Vice Chairman & MD | 7.9yrs | HK$3.27m | no data | |
| Executive Director | 9.5yrs | HK$4.59m | no data | |
| Executive Director | 7.5yrs | HK$4.28m | no data | |
| Independent Non-Executive Director | 6.7yrs | HK$100.00k | no data | |
| Independent Non-Executive Director | 8.7yrs | HK$100.00k | no data | |
| Non-Executive Director | 4.7yrs | HK$100.00k | no data | |
| Independent Non-Executive Director | 7.9yrs | HK$100.00k | no data | |
| Director of Shun Cheong Investments Limited | 0yrs | no data | no data |
8.3yrs
Average Tenure
64yo
Average Age
Experienced Board: 385's board of directors are considered experienced (8.3 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
Chinney Alliance Group Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Chinney Alliance Group Limited
- Ticker: 385
- Exchange: SEHK
- Founded:
- Industry: Construction and Engineering
- Sector: Capital Goods
- Market Cap: HK$785.267m
- Shares outstanding: 594.90m
- Website: https://www.chinney-alliance.com
Number of Employees
Location
- Chinney Alliance Group Limited
- Wing On Centre
- 23rd Floor
- Central
- Hong Kong
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 385 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Nov 1993 |
Biography
Chinney Alliance Group Limited, an investment holding company, engages in the trading of plastic and chemical products, and building related contracting activities. It operates through five segments: Plastic and Chemical Products, Building Related Contracting Services, Building Construction, Foundation Piling and Ground Investigation, and Others. The company offers building related contracting services, including engineering contracting services in the air-conditioning industry and maintenance services; superstructure construction work services; and foundation piling, and drilling and site investigation services. It is also involved in contracting of building aluminum works; the distribution and installation of aviation systems and other hi-tech products, as well as mechanical, electrical, and building supplies; trading of electrical, air-conditioning, and other building supply products; and maintenance of air-conditioning, electrical generators, water pumps, and fire prevention and fighting systems. In addition, the company trades in building decoration materials, generators, and electrical and mechanical engineering materials and equipment; and holds properties and investments. Further, it is involved in the treasury functions; basement construction works; agency trading of industrial products; equipment and machinery leasing; construction material testing; design, installation, repair, and maintenance of electrical and mechanical systems; trading of electrical installation products; provision of management services; and sale and installation of air-conditioning systems. It primarily serves public and private sectors in Hong Kong, Mainland China, Macau, and Singapore. The company is headquartered in Central, Hong Kong.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/21 12:37 |
| End of Day Share Price | 2020/02/20 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.