SEHK:8022

Stock Analysis Report

Evershine Group Holdings

Executive Summary

Evershine Group Holdings Limited, an investment holding company, engages in trading, property development and investment, money lending, mobile application, and cemetery businesses primarily in the People’s Republic of China.

Snowflake

Fair value with questionable track record.

Rewards

Trading at 74.1% below its fair value

Earnings grew by 78.2% over the past year

Risk Analysis

Earnings have declined by -25.89% per year over past 5 years

Does not have a meaningful market cap (HK$52M)

Currently unprofitable and not forecast to become profitable over the next 3 years

Highly volatile share price over past 3 months

+ 2 more risks

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 8022's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-21.6%

8022

6.3%

HK Trade Distributors

-4.2%

HK Market


1 Year Return

-97.7%

8022

29.0%

HK Trade Distributors

-2.6%

HK Market

Return vs Industry: 8022 underperformed the Hong Kong Trade Distributors industry which returned 29% over the past year.

Return vs Market: 8022 underperformed the Hong Kong Market which returned -2.6% over the past year.


Shareholder returns

8022IndustryMarket
7 Day-21.6%6.3%-4.2%
30 Day-50.8%19.2%-1.4%
90 Day-96.8%26.7%3.5%
1 Year-97.7%-97.7%33.1%29.0%0.9%-2.6%
3 Year-94.3%-94.3%12.8%4.3%19.6%7.6%
5 Year-90.9%-90.9%-17.7%-33.2%18.6%-1.0%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Evershine Group Holdings 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: 8022 (HK$0.03) is trading below our estimate of fair value (HK$0.11)

Significantly Below Fair Value: 8022 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 8022 is unprofitable, so we can't compare its PE Ratio to the Trade Distributors industry average.

PE vs Market: 8022 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 8022's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 8022 is good value based on its PB Ratio (0.4x) compared to the HK Trade Distributors industry average (0.6x).


Next Steps

Future Growth

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

13.0%

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 Evershine Group 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 Evershine Group Holdings performed over the past 5 years?

-25.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 8022 has high quality earnings.

Growing Profit Margin: 8022's current net profit margins (-177.7%) are higher than last year (-8824.5%).


Past Earnings Growth Analysis

Earnings Trend: 8022 is unprofitable, and losses have increased over the past 5 years at a rate of -25.9% per year.

Accelerating Growth: Unable to compare 8022's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 8022 is unprofitable, making it difficult to compare its past year earnings growth to the Trade Distributors industry (1%).


Return on Equity

High ROE: 8022 has a negative Return on Equity (-20.37%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Evershine Group Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 8022's short term assets (HK$58.6M) do not cover its short term liabilities (HK$117.3M)

Long Term Liabilities: 8022's short term assets (58.6M) do not cover its long term liabilities (234.4M)


Debt to Equity History and Analysis

Debt Level: 8022's debt to equity ratio (178.2%) is considered high

Reducing Debt: 8022's debt to equity ratio has increased from 40.2% to 178.2% over the past 5 years.


Balance Sheet

Inventory Level: 8022 has a low level of unsold assets or inventory.

Debt Coverage by Assets: 8022's debt is not covered by short term assets (assets are 0.2x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable 8022 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: 8022 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 121.6% per year.


Next Steps

Dividend

What is Evershine Group Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.3%markettop25%6.4%industryaverage3.7%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate 8022's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 8022's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 8022's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 8022'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 8022's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

What is the CEO of Evershine Group Holdings's salary, the management and board of directors tenure and is there insider trading?

3.7yrs

Average board tenure


CEO

Evershine Group Holdings has no CEO, or we have no data on them.


Board Age and Tenure

3.7yrs

Average Tenure

40yo

Average Age

Experienced Board: 8022's board of directors are considered experienced (3.7 years average tenure).


Insider Trading

Insider Buying: 8022 insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

SellHK$286,06830 Oct 19
Ngai Hung Chiu
EntityIndividual
Shares7,335,000
Max PriceHK$0.039
SellHK$2,064,48421 Oct 19
Wang-Chi Lau
EntityIndividual
Shares28,203,000
Max PriceHK$0.073
SellHK$1,159,98621 Oct 19
Wang-Chi Lau
EntityIndividual
Shares19,333,000
Max PriceHK$0.06
SellHK$302,77821 Oct 19
Ngai Hung Chiu
EntityIndividual
Shares4,980,000
Max PriceHK$0.061
SellHK$2,332,84015 Oct 19
Osman Boyraci
EntityIndividual
Shares36,113,000
Max PriceHK$0.065
SellHK$1,853,99614 Oct 19
Osman Boyraci
EntityIndividual
Shares23,409,000
Max PriceHK$0.079
SellHK$8,875,47814 Oct 19
Ngai Hung Chiu
EntityIndividual
Shares85,671,000
Max PriceHK$0.10
SellHK$1,778,33514 Oct 19
Ngai Hung Chiu
EntityIndividual
Shares24,393,000
Max PriceHK$0.073
SellHK$753,48303 Sep 19
Ngai Hung Chiu
EntityIndividual
Shares897,000
Max PriceHK$0.84
BuyHK$1,422,23628 Aug 19
Ngai Hung Chiu
EntityIndividual
Shares1,674,000
Max PriceHK$0.85
SellHK$8,094,57324 Jul 19
Ngai Hung Chiu
EntityIndividual
Shares8,553,000
Max PriceHK$0.95
BuyHK$143,35221 Jun 19
Osman Boyraci
EntityIndividual
Shares132,000
Max PriceHK$1.09
BuyHK$626,59620 Jun 19
Osman Boyraci
EntityIndividual
Shares579,000
Max PriceHK$1.08
BuyHK$65,52020 Jun 19
Osman Boyraci
EntityIndividual
Shares60,000
Max PriceHK$1.09
SellHK$16,912,44618 Jun 19
Wang-Chi Lau
EntityIndividual
Shares15,375,000
Max PriceHK$1.10
BuyHK$689,97017 Jun 19
Osman Boyraci
EntityIndividual
Shares633,000
Max PriceHK$1.09
BuyHK$3,512,80315 Jun 19
Osman Boyraci
EntityIndividual
Shares3,255,000
Max PriceHK$1.08
BuyHK$3,769,24914 Jun 19
Osman Boyraci
EntityIndividual
Shares3,408,000
Max PriceHK$1.11
BuyHK$642,00014 Jun 19
Osman Boyraci
EntityIndividual
Shares600,000
Max PriceHK$1.07
SellHK$17,711,99314 Jun 19
Wang-Chi Lau
EntityIndividual
Shares16,400,000
Max PriceHK$1.08
SellHK$7,244,99312 Jun 19
Ngai Hung Chiu
EntityIndividual
Shares6,900,000
Max PriceHK$1.05
BuyHK$6,725,22912 Jun 19
Osman Boyraci
EntityIndividual
Shares6,300,000
Max PriceHK$1.07
BuyHK$10,728,77012 Jun 19
Osman Boyraci
EntityIndividual
Shares10,341,000
Max PriceHK$1.04
SellHK$16,171,04210 Jun 19
Wang-Chi Lau
EntityIndividual
Shares15,700,000
Max PriceHK$1.03
BuyHK$7,873,52305 Jun 19
Osman Boyraci
EntityIndividual
Shares7,500,000
Max PriceHK$1.05
SellHK$7,482,85108 May 19
Ngai Hung Chiu
EntityIndividual
Shares7,080,000
Max PriceHK$1.06
SellHK$6,001,86812 Jan 19
Ngai Hung Chiu
EntityIndividual
Shares4,479,000
Max PriceHK$1.34
BuyHK$631,36522 Dec 18
Ngai Hung Chiu
EntityIndividual
Shares525,000
Max PriceHK$1.20

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 7.2%.


Management Team

  • Wu Hong (60yo)

    CEO of TLT Services (Shanghai) Ltd and President of TLT Services (Shanghai) Ltd

    • Tenure: 0yrs
  • Alan Hung (40yo)

    Executive Director & Compliance Officer

    • Tenure: 2.7yrs
    • Compensation: HK$848.00k
  • Irene Lo

    Financial Controller

    • Tenure: 0yrs
  • Jason Ling (38yo)

    Executive Director

    • Tenure: 2.9yrs
    • Compensation: HK$126.00k
  • Lora Shuk Man (49yo)

    Company Secretary

    • Tenure: 1.8yrs

Board Members

  • Wah Sang Wong (95yo)

    Honorary Chairman

    • Tenure: 10.7yrs
  • So Yuk Choy (69yo)

    Independent Non-Executive Director

    • Tenure: 4.5yrs
    • Compensation: HK$120.00k
  • Elsa Lam (59yo)

    Independent Non-Executive Director

    • Tenure: 6.2yrs
    • Compensation: HK$120.00k
  • Wai Kit Chan (36yo)

    Non-Executive Director

    • Tenure: 2.5yrs
    • Compensation: HK$120.00k
  • Alan Hung (40yo)

    Executive Director & Compliance Officer

    • Tenure: 2.7yrs
    • Compensation: HK$848.00k
  • Man Chun Leung (31yo)

    Independent Non-Executive Director

    • Tenure: 3.7yrs
    • Compensation: HK$120.00k
  • Jason Ling (38yo)

    Executive Director

    • Tenure: 2.9yrs
    • Compensation: HK$126.00k

Company Information

Evershine Group Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Evershine Group Holdings Limited
  • Ticker: 8022
  • Exchange: SEHK
  • Founded: 1997
  • Industry: Trading Companies and Distributors
  • Sector: Capital Goods
  • Market Cap: HK$52.303m
  • Shares outstanding: 1.80b
  • Website: https://www.evershinegroup.com.hk

Number of Employees


Location

  • Evershine Group Holdings Limited
  • Henan Building
  • 16th Floor
  • Wan Chai
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
8022SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDAug 2001

Biography

Evershine Group Holdings Limited, an investment holding company, engages in trading, property development and investment, money lending, mobile application, and cemetery businesses primarily in the People’ ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/17 12:51
End of Day Share Price2019/11/15 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.