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385

Chinney Alliance GroupSEHK:385 Stock Report

Last Price

HK$0.89

Market Cap

HK$529.5m

7D

0%

1Y

-7.3%

Updated

17 Jan, 2022

Data

Company Financials
385 fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance0/6
Financial Health4/6
Dividends3/6

385 Stock Overview

Chinney Alliance Group Limited, an investment holding company, primarily provides building related contracting services for public and private sectors.

Price History & Performance

Summary of all time highs, changes and price drops for Chinney Alliance Group
Historical stock prices
Current Share PriceHK$0.89
52 Week HighHK$1.34
52 Week LowHK$0.81
Beta0.48
1 Month Change3.49%
3 Month Change-8.25%
1 Year Change-7.29%
3 Year Change-28.80%
5 Year Change-16.82%
Change since IPO-96.14%

Recent News & Updates

Jul 20
Chinney Alliance Group's (HKG:385) Returns On Capital Not Reflecting Well On The Business

Chinney Alliance Group's (HKG:385) Returns On Capital Not Reflecting Well On The Business

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...

Shareholder Returns

385HK ConstructionHK Market
7D0%0.4%3.2%
1Y-7.3%20.2%-11.9%

Return vs Industry: 385 underperformed the Hong Kong Construction industry which returned 20.2% over the past year.

Return vs Market: 385 exceeded the Hong Kong Market which returned -11.9% over the past year.

Price Volatility

Is 385's price volatile compared to industry and market?
385 volatility
385 Average Weekly Movement4.3%
Construction Industry Average Movement7.2%
Market Average Movement6.7%
10% most volatile stocks in HK Market13.1%
10% least volatile stocks in HK Market3.0%

Stable Share Price: 385 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 385's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a1,716Zuric Chanhttps://chinneyalliancegroup.etnet.com.hk

Chinney Alliance Group Limited, an investment holding company, primarily provides building related contracting services for public and private sectors. It operates in five segments: Plastic and Chemical Products, Building Related Contracting Services, Foundation Piling and Ground Investigation, Building Construction, and Others. The company offers building related contracting services, including engineering contracting services in the air-conditioning industry and maintenance services; foundation piling, and drilling and site investigation services; and superstructure construction work services, as well as imports, markets, and distributes plastic and chemical products.

Chinney Alliance Group Fundamentals Summary

How do Chinney Alliance Group's earnings and revenue compare to its market cap?
385 fundamental statistics
Market CapHK$529.46m
Earnings (TTM)HK$80.36m
Revenue (TTM)HK$5.77b

6.6x

P/E Ratio

0.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
385 income statement (TTM)
RevenueHK$5.77b
Cost of RevenueHK$5.22b
Gross ProfitHK$549.23m
ExpensesHK$468.87m
EarningsHK$80.36m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.14
Gross Margin9.52%
Net Profit Margin1.39%
Debt/Equity Ratio22.2%

How did 385 perform over the long term?

See historical performance and comparison

Dividends

4.5%

Current Dividend Yield

30%

Payout Ratio

Valuation

Is Chinney Alliance Group undervalued compared to its fair value and its price relative to the market?

6.59x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 385 (HK$0.89) is trading above our estimate of fair value (HK$0.65)

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 (6.6x) compared to the Hong Kong Construction industry average (8.7x).

PE vs Market: 385 is good value based on its PE Ratio (6.6x) compared to the Hong Kong market (9.1x).


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 (0.3x) compared to the HK Construction industry average (0.9x).


Future Growth

How is Chinney Alliance Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

12.1%

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 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.


Past Performance

How has Chinney Alliance Group performed over the past 5 years?

-14.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 385 has a large one-off gain of HK$70.5M impacting its June 30 2021 financial results.

Growing Profit Margin: 385's current net profit margins (1.4%) are lower than last year (2%).


Past Earnings Growth Analysis

Earnings Trend: 385's earnings have declined by 14% per year over the past 5 years.

Accelerating Growth: 385's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 385 had negative earnings growth (-18.4%) over the past year, making it difficult to compare to the Construction industry average (13.3%).


Return on Equity

High ROE: 385's Return on Equity (4.7%) is considered low.


Financial Health

How is Chinney Alliance Group's financial position?


Financial Position Analysis

Short Term Liabilities: 385's short term assets (HK$3.2B) exceed its short term liabilities (HK$2.1B).

Long Term Liabilities: 385's short term assets (HK$3.2B) exceed its long term liabilities (HK$209.3M).


Debt to Equity History and Analysis

Debt Level: 385 has more cash than its total debt.

Reducing Debt: 385's debt to equity ratio has increased from 8.2% to 22.2% over the past 5 years.

Debt Coverage: 385's debt is not well covered by operating cash flow (2.2%).

Interest Coverage: 385's interest payments on its debt are well covered by EBIT (4.4x coverage).


Balance Sheet


Dividend

What is Chinney Alliance Group current dividend yield, its reliability and sustainability?

4.49%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 385's dividend (4.49%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.36%).

High Dividend: 385's dividend (4.49%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.96%).


Stability and Growth of Payments

Stable Dividend: 385's dividend payments have been volatile 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 reasonably low payout ratio (29.6%), 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?

9.6yrs

Average board tenure


CEO

Zuric Chan (66 yo)

9.83yrs

Tenure

HK$9,680,000

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 ($USD1.24M) is above average for companies of similar size in the Hong Kong market ($USD233.44K).

Compensation vs Earnings: Zuric's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Board Members

Experienced Board: 385's board of directors are considered experienced (9.6 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

Chinney Alliance Group Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Chinney Alliance Group Limited
  • Ticker: 385
  • Exchange: SEHK
  • Founded: NaN
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Implied Market Cap: HK$529.460m
  • Shares outstanding: 594.90m
  • Website: https://chinneyalliancegroup.etnet.com.hk

Number of Employees


Location

  • Chinney Alliance Group Limited
  • Wing On Centre
  • 23rd Floor
  • Central
  • Hong Kong

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/17 16:16
End of Day Share Price2022/01/17 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.