SEHK:385

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Chinney Alliance Group

Executive Summary

Chinney Alliance Group Limited, an investment holding company, engages in the trading of plastic and chemical products, and building related contracting activities. More Details


Snowflake Analysis

Flawless balance sheet and undervalued.

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

-8.8%

385

1.2%

HK Construction

1.1%

HK Market


1 Year Return

-39.4%

385

-12.5%

HK Construction

1.4%

HK Market

Return vs Industry: 385 underperformed the Hong Kong Construction industry which returned -12% over the past year.

Return vs Market: 385 underperformed the Hong Kong Market which returned 2.3% over the past year.


Shareholder returns

385IndustryMarket
7 Day-8.8%1.2%1.1%
30 Day0%9.3%7.0%
90 Day-9.8%5.3%2.4%
1 Year-36.6%-39.4%-7.9%-12.5%5.6%1.4%
3 Year-35.3%-43.2%-35.3%-43.3%-4.4%-14.8%
5 Year-17.5%-33.6%-36.3%-47.1%20.5%0.2%

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

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 385 (HK$0.83) is trading below our estimate of fair value (HK$8.25)

Significantly Below Fair Value: 385 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 385 is good value based on its PE Ratio (5x) compared to the HK Construction industry average (8.9x).

PE vs Market: 385 is good value based on its PE Ratio (5x) compared to the Hong Kong market (11.1x).


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).


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?

12.7%

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

Past Performance

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

-5.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 385 has high quality earnings.

Growing Profit Margin: 385's current net profit margins (2%) are lower than last year (3.5%).


Past Earnings Growth Analysis

Earnings Trend: 385's earnings have declined by 5.6% 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 (-50.8%) over the past year, making it difficult to compare to the Construction industry average (-6.7%).


Return on Equity

High ROE: 385's Return on Equity (5.4%) is considered low.


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$152.6M).


Debt to Equity History and Analysis

Debt Level: 385's debt to equity ratio (10.8%) is considered satisfactory.

Reducing Debt: 385's debt to equity ratio has reduced from 24.8% to 10.8% over the past 5 years.

Debt Coverage: 385's debt is well covered by operating cash flow (73.7%).

Interest Coverage: 385's interest payments on its debt are well covered by EBIT (14.9x coverage).


Balance Sheet


Next Steps

Dividend

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

4.82%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 385's dividend (4.82%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.25%).

High Dividend: 385's dividend (4.82%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.77%).


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 low payout ratio (24.2%), 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?

9.0yrs

Average board tenure


CEO

Zuric Chan (65 yo)

8.58yrs

Tenure

HK$6,365,000

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 ($USD821.29K) is above average for companies of similar size in the Hong Kong market ($USD233.00K).

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

NamePositionTenureCompensationOwnership
Sai-Wing Wong
Chairman22.75yrsno datano data
Yuen-Keung Chan
Vice Chairman & MD8.58yrsHK$6.37mno data
Sing-Wai Wong
Executive Director10.17yrsHK$5.42mno data
Bing-Lun Lam
Executive Director8.17yrsHK$4.43mno data
Ronald Blake
Independent Non-Executive Director7.33yrsHK$150.00kno data
Yuen-Tin Ng
Independent Non-Executive Director9.33yrsHK$150.00kno data
Kim-See Gan
Non-Executive Director5.33yrsHK$150.00kno data
Chi-Chiu Wu
Independent Non-Executive Director8.58yrsHK$150.00kno data
Chi-Kin Chan
Director of Shun Cheong Investments Limitedno datano datano data

9.0yrs

Average Tenure

65yo

Average Age

Experienced Board: 385's board of directors are considered experienced (9 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 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$493.766m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
385SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDNov 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: Plast ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/27 12:58
End of Day Share Price2020/10/23 00:00
Earnings2020/06/30
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.