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Prosperity International Holdings (H.K.)

SEHK:803
Snowflake Description

Mediocre balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
803
SEHK
HK$234M
Market Cap
  1. Home
  2. HK
  3. Capital Goods
Company description

Prosperity International Holdings (H.K.) Limited, an investment holding company, engages in mining and trading of iron ore and raw materials in the People’s Republic of China, Macau, Malaysia, Taiwan, and internationally. The last earnings update was 3 days ago. More info.


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  • Prosperity International Holdings (H.K.) has significant price volatility in the past 3 months.
803 Share Price and Events
7 Day Returns
-3%
SEHK:803
1.1%
HK Trade Distributors
0.6%
HK Market
1 Year Returns
-73.3%
SEHK:803
1.2%
HK Trade Distributors
-4.5%
HK Market
803 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Prosperity International Holdings (H.K.) (803) -3% 79.8% -29.2% -73.3% -91.4% -93.6%
HK Trade Distributors 1.1% -0.2% -6.3% 1.2% -23.9% -53.5%
HK Market 0.6% 0.4% -7% -4.5% 17.8% 1.1%
1 Year Return vs Industry and Market
  • 803 underperformed the Trade Distributors industry which returned 1.2% over the past year.
  • 803 underperformed the Market in Hong Kong which returned -4.5% over the past year.
Price Volatility
803
Industry
5yr Volatility vs Market

803 Value

 Is Prosperity International Holdings (H.K.) undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Prosperity International Holdings (H.K.) to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Prosperity International Holdings (H.K.).

SEHK:803 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 15.3%
Perpetual Growth Rate 10-Year HK Government Bond Rate 2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SEHK:803
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6.7%
Trade Distributors Unlevered Beta Simply Wall St/ S&P Global 0.9
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.903 (1 + (1- 25%) (981.33%))
5.388
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (2 * 6.65%)
15.3%

Discounted Cash Flow Calculation for SEHK:803 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Prosperity International Holdings (H.K.) is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

SEHK:803 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 15.3%)
2020 295.82 Est @ 9.26% 256.56
2021 316.78 Est @ 7.09% 238.28
2022 334.40 Est @ 5.56% 218.14
2023 349.43 Est @ 4.49% 197.69
2024 362.52 Est @ 3.75% 177.88
2025 374.20 Est @ 3.22% 159.24
2026 384.89 Est @ 2.86% 142.06
2027 394.91 Est @ 2.6% 126.41
2028 404.47 Est @ 2.42% 112.28
2029 413.75 Est @ 2.3% 99.62
Present value of next 10 years cash flows HK$1,728.16
SEHK:803 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= HK$413.75 × (1 + 2%) ÷ (15.3% – 2%)
HK$3,173.25
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$3,173.25 ÷ (1 + 15.3%)10
HK$764.01
SEHK:803 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$1,728.16 + HK$764.01
HK$2,492.17
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$2,492.17 / 1,343.65
HK$1.85
SEHK:803 Discount to Share Price
Calculation Result
Value per share (HKD) From above. HK$1.85
Current discount Discount to share price of HK$0.16
= -1 x (HK$0.16 - HK$1.85) / HK$1.85
91.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Prosperity International Holdings (H.K.) is available for.
Intrinsic value
>50%
Share price is HK$0.16 vs Future cash flow value of HK$1.85
Current Discount Checks
For Prosperity International Holdings (H.K.) to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Prosperity International Holdings (H.K.)'s share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Prosperity International Holdings (H.K.)'s share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Prosperity International Holdings (H.K.)'s earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Prosperity International Holdings (H.K.)'s earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:803 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in HKD HK$-1.40
SEHK:803 Share Price ** SEHK (2019-07-22) in HKD HK$0.16
Hong Kong Trade Distributors Industry PE Ratio Median Figure of 31 Publicly-Listed Trade Distributors Companies 11.91x
Hong Kong Market PE Ratio Median Figure of 1,512 Publicly-Listed Companies 10.77x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Prosperity International Holdings (H.K.).

SEHK:803 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:803 Share Price ÷ EPS (both in HKD)

= 0.16 ÷ -1.40

-0.11x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Prosperity International Holdings (H.K.) is loss making, we can't compare its value to the HK Trade Distributors industry average.
  • Prosperity International Holdings (H.K.) is loss making, we can't compare the value of its earnings to the Hong Kong market.
Price based on expected Growth
Does Prosperity International Holdings (H.K.)'s expected growth come at a high price?
Raw Data
SEHK:803 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.11x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Global Trade Distributors Industry PEG Ratio Median Figure of 80 Publicly-Listed Trade Distributors Companies 1.06x
Hong Kong Market PEG Ratio Median Figure of 481 Publicly-Listed Companies 0.8x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Prosperity International Holdings (H.K.), we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Prosperity International Holdings (H.K.)'s assets?
Raw Data
SEHK:803 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in HKD HK$-0.08
SEHK:803 Share Price * SEHK (2019-07-22) in HKD HK$0.16
Hong Kong Trade Distributors Industry PB Ratio Median Figure of 60 Publicly-Listed Trade Distributors Companies 0.81x
Hong Kong Market PB Ratio Median Figure of 2,198 Publicly-Listed Companies 0.92x
SEHK:803 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:803 Share Price ÷ Book Value per Share (both in HKD)

= 0.16 ÷ -0.08

-1.91x

* Primary Listing of Prosperity International Holdings (H.K.).

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Prosperity International Holdings (H.K.) has negative assets, we can't compare the value of its assets to the HK Trade Distributors industry average.
X
Value checks
We assess Prosperity International Holdings (H.K.)'s value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Trade Distributors industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Trade Distributors industry average (and greater than 0)? (1 check)
  5. Prosperity International Holdings (H.K.) has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

803 Future Performance

 How is Prosperity International Holdings (H.K.) expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Prosperity International Holdings (H.K.) 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
11.4%
Expected Trade Distributors industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Prosperity International Holdings (H.K.) expected to grow at an attractive rate?
  • Unable to compare Prosperity International Holdings (H.K.)'s earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Prosperity International Holdings (H.K.)'s earnings growth to the Hong Kong market average as no estimate data is available.
  • Unable to compare Prosperity International Holdings (H.K.)'s revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:803 Future Growth Rates Data Sources
Data Point Source Value (per year)
Hong Kong Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 11.4%
Asia Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 12.4%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.3%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SEHK:803 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:803 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2019-03-31 2,331 -1,829
2018-12-31 3,013 -1,336
2018-09-30 3,694 660 -842
2018-06-30 4,087 492 -902
2018-03-31 4,480 324 -961
2017-12-31 4,771 233 -644
2017-09-30 5,062 141 -328
2017-06-30 4,791 100 -224
2017-03-31 4,521 58 -120
2016-12-31 3,551 222 -299
2016-09-30 2,581 386 -479
2016-06-30 2,295 -31 -371

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Prosperity International Holdings (H.K.) is high growth as no earnings estimate data is available.
  • Unable to determine if Prosperity International Holdings (H.K.) is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SEHK:803 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Prosperity International Holdings (H.K.) Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:803 Past Financials Data
Date (Data in HKD Millions) EPS *
2019-03-31 -1.40
2018-12-31 -1.03
2018-09-30 -0.66
2018-06-30 -0.73
2018-03-31 -0.80
2017-12-31 -0.57
2017-09-30 -0.30
2017-06-30 -0.22
2017-03-31 -0.12
2016-12-31 -0.30
2016-09-30 -0.49
2016-06-30 -0.38

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Prosperity International Holdings (H.K.) will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Prosperity International Holdings (H.K.)'s future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Capital Goods companies here
  2. Prosperity International Holdings (H.K.)'s competitive advantages and company strategy can generally be found in its financial reports archived here.
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Prosperity International Holdings (H.K.)'s future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Prosperity International Holdings (H.K.) has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

803 Past Performance

  How has Prosperity International Holdings (H.K.) performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Prosperity International Holdings (H.K.)'s growth in the last year to its industry (Trade Distributors).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Prosperity International Holdings (H.K.) does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Prosperity International Holdings (H.K.)'s 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Prosperity International Holdings (H.K.)'s 1-year growth to the HK Trade Distributors industry average as it is not currently profitable.
Earnings and Revenue History
Prosperity International Holdings (H.K.)'s revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Prosperity International Holdings (H.K.) Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:803 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 2,330.97 -1,829.40 339.14
2018-12-31 3,012.58 -1,335.87 310.53
2018-09-30 3,694.19 -842.33 281.93
2018-06-30 4,087.01 -901.67 300.06
2018-03-31 4,479.82 -961.01 318.19
2017-12-31 4,770.67 -644.34 334.05
2017-09-30 5,061.52 -327.66 349.91
2017-06-30 4,791.49 -223.70 325.13
2017-03-31 4,521.45 -119.73 300.35
2016-12-31 3,551.27 -299.29 347.21
2016-09-30 2,581.09 -478.84 394.06
2016-06-30 2,294.80 -371.02 388.69
2016-03-31 2,008.51 -263.21 383.33
2015-12-31 2,153.98 -406.23 365.29
2015-09-30 2,299.46 -549.25 347.26
2015-06-30 2,939.08 -694.35 388.54
2015-03-31 3,578.70 -839.45 429.83
2014-12-31 4,666.49 -349.94 420.59
2014-09-30 5,754.27 139.57 411.35
2014-06-30 5,603.11 135.15 365.89
2014-03-31 5,451.94 130.72 320.44
2013-12-31 4,576.50 29.16 346.40
2013-09-30 3,701.06 -72.41 372.37
2013-06-30 3,606.68 -139.12 367.81
2013-03-31 3,512.31 -205.84 363.25
2012-12-31 3,693.55 -194.13 374.41
2012-09-30 3,874.79 -182.42 385.57

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Prosperity International Holdings (H.K.) has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Prosperity International Holdings (H.K.) has efficiently used its assets last year compared to the HK Trade Distributors industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Prosperity International Holdings (H.K.) improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Prosperity International Holdings (H.K.)'s performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Trade Distributors industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Prosperity International Holdings (H.K.) has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

803 Health

 How is Prosperity International Holdings (H.K.)'s financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Prosperity International Holdings (H.K.)'s finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Prosperity International Holdings (H.K.)'s short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Prosperity International Holdings (H.K.)'s cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Prosperity International Holdings (H.K.)'s finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Prosperity International Holdings (H.K.) Company Filings, last reported 3 months ago.

SEHK:803 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 896.94 2,294.28 430.11
2018-12-31 896.94 2,294.28 430.11
2018-09-30 2,819.62 2,569.45 488.08
2018-06-30 2,819.62 2,569.45 488.08
2018-03-31 3,137.80 3,111.37 707.06
2017-12-31 3,137.80 3,111.37 707.06
2017-09-30 3,875.00 3,178.16 951.60
2017-06-30 3,875.00 3,178.16 951.60
2017-03-31 3,361.80 2,925.51 731.44
2016-12-31 3,361.80 2,925.51 731.44
2016-09-30 3,526.35 2,622.66 682.53
2016-06-30 3,526.35 2,622.66 682.53
2016-03-31 3,458.44 2,733.71 603.99
2015-12-31 3,458.44 2,733.71 603.99
2015-09-30 4,002.23 2,601.06 576.01
2015-06-30 4,002.23 2,601.06 576.01
2015-03-31 3,361.73 4,099.89 409.76
2014-12-31 3,361.73 4,099.89 409.76
2014-09-30 3,743.94 2,023.45 693.64
2014-06-30 3,743.94 2,023.45 693.64
2014-03-31 3,712.69 2,022.66 830.34
2013-12-31 3,712.69 2,022.66 830.34
2013-09-30 3,324.90 2,235.66 1,366.74
2013-06-30 3,324.90 2,235.66 1,366.74
2013-03-31 4,091.08 1,673.74 1,442.74
2012-12-31 4,091.08 1,673.74 1,442.74
2012-09-30 4,148.87 1,388.64 1,331.94
  • Prosperity International Holdings (H.K.)'s level of debt (255.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (54.5% vs 255.8% today).
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.

  • Whilst loss making Prosperity International Holdings (H.K.) has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Prosperity International Holdings (H.K.) has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -95.9% per year.
X
Financial health checks
We assess Prosperity International Holdings (H.K.)'s financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Prosperity International Holdings (H.K.) has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

803 Dividends

 What is Prosperity International Holdings (H.K.)'s current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Prosperity International Holdings (H.K.) dividends.
If you bought HK$2,000 of Prosperity International Holdings (H.K.) shares you are expected to receive HK$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Prosperity International Holdings (H.K.)'s dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Prosperity International Holdings (H.K.)'s dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SEHK:803 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Hong Kong Trade Distributors Industry Average Dividend Yield Market Cap Weighted Average of 12 Stocks 4.7%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 978 Stocks 3.6%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.2%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.1%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SEHK:803 Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2012-12-27 0.000 0.000
2012-11-30 0.000 0.000
2012-06-29 0.000 0.000
2011-09-26 0.200 4.986
2010-07-26 0.200 4.157
2010-07-21 0.200 4.113

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Prosperity International Holdings (H.K.) has not reported any payouts.
  • Unable to verify if Prosperity International Holdings (H.K.)'s dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Prosperity International Holdings (H.K.)'s earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Prosperity International Holdings (H.K.) has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Prosperity International Holdings (H.K.)'s dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Prosperity International Holdings (H.K.) afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Prosperity International Holdings (H.K.) has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

803 Management

 What is the CEO of Prosperity International Holdings (H.K.)'s salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Qiangming Xie
AGE 28
TENURE AS CEO 0 years
CEO Bio

Mr. Qiangming Xie serves as Chief Executive Director at Prosperity International Holdings (H.K.) Limited since July 08, 2019. He has been an Independent Non-Executive Director of China Billion Resources Limited since July 17, 2018. Mr. Xie is Executive Director of Prosperity International Holdings (H.K.) Limited since July 4, 2019. He has extensive experience in corporate strategy formulation and execution, capital markets and investor relations. He worked for several well-known financial institutions such as Kunwu Jiuding Investment Holdings Co., Ltd. and ICBC International Holdings Limited and was responsible for providing professional services to its clients such as corporate strategy formulation and execution, merger and acquisition projects management, in charge of private placements and fundraising projects. He is currently working at a famous Hong Kong independent financial services group as an assistant to president assisting the president in operating the company’s capital market business, private equity investment business, developing and expanding the company’s investor relations and public relations platform in order to support the company’s strategies. Mr. Xie has obtained a master degree of finance from PBC School of Finance, Tsinghua University in year 2016.

CEO Compensation
  • Insufficient data for Qiangming to compare compensation growth.
  • Insufficient data for Qiangming to establish whether their remuneration is reasonable compared to companies of similar size in Hong Kong.
Management Team

David Wong

TITLE
Co-Founder & Chairman
COMPENSATION
HK$8M
AGE
66

Siu Keung Kong

TITLE
CFO & Company Secretary
COMPENSATION
HK$3M
AGE
50

Gloria Wong

TITLE
Executive Director
COMPENSATION
HK$2M
AGE
36

Qiangming Xie

TITLE
CEO & Executive Director
AGE
28

Xianfang Huang

TITLE
Chief Mining Engineer
AGE
56
TENURE
9 yrs

Qiaoming Nie

TITLE
Executive Director
AGE
38

Lawrence Liu

TITLE
Financial Controller
AGE
40

Hester Lee

TITLE
Chief Accounting Officer of PMHL
AGE
43
Board of Directors

David Wong

TITLE
Co-Founder & Chairman
COMPENSATION
HK$8M
AGE
66

Gloria Wong

TITLE
Executive Director
COMPENSATION
HK$2M
AGE
36
TENURE
9.1 yrs

Qiangming Xie

TITLE
CEO & Executive Director
AGE
28

Qiaoming Nie

TITLE
Executive Director
AGE
38

Gen Zhao

TITLE
Independent Non Executive Director
AGE
37

Guisen Guan

TITLE
Independent Non-Executive Director
AGE
55

Kai Nang Chan

TITLE
Independent Non-Executive Director
COMPENSATION
HK$520K
AGE
73
TENURE
8.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
22. Jan 19 Sell China Construction Bank Corporation, Asset Management Arm Company 16. Jan 19 16. Jan 19 -2,516,492 HK$1.98 HK$-4,982,603
21. Jan 19 Buy Ben Koon Wong Individual 16. Jan 19 16. Jan 19 2,516,492 HK$1.98 HK$4,982,603
10. Oct 18 Buy Ben Koon Wong Individual 08. Oct 18 08. Oct 18 6,720,000 HK$0.57 HK$3,830,470
X
Management checks
We assess Prosperity International Holdings (H.K.)'s management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Prosperity International Holdings (H.K.) has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

803 News

Simply Wall St News

Imagine Owning Prosperity International Holdings (H.K.) (HKG:803) And Trying To Stomach The 94% Share Price Drop

Anyone who held Prosperity International Holdings (H.K.) Limited (HKG:803) for five years would be nursing their metaphorical wounds since the share price dropped 94% in that time. … See our latest analysis for Prosperity International Holdings (H.K.) Prosperity International Holdings (H.K.) isn't currently profitable, so most analysts would look to revenue growth to get an idea of how fast the underlying business is growing. … We've already covered Prosperity International Holdings (H.K.)'s share price action, but we should also mention its total shareholder return (TSR).

Simply Wall St -

Can We See Significant Insider Ownership On The Prosperity International Holdings (H.K.) Limited (HKG:803) Share Register?

If you want to know who really controls Prosperity International Holdings (H.K.) Limited (HKG:803), then you'll have to look at the makeup of its share registry. … With a market capitalization of HK$398m, Prosperity International Holdings (H.K.) is a small cap stock, so it might not be well known by many institutional investors. … Taking a look at our data on the ownership groups (below), it's seems that.

Simply Wall St -

What Investors Should Know About Prosperity International Holdings (HK) Limited's (HKG:803) Financial Strength

While small-cap stocks, such as Prosperity International Holdings (HK) Limited (HKG:803) with its market cap of HK$764.77m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … the current state of its operations and pathway to profitability.

Simply Wall St -

Does Prosperity International Holdings (HK) Limited's (HKG:803) CEO Salary Reflect Performance?

Shuzhong Mao took the reins as CEO of Prosperity International Holdings (HK) Limited's (HKG:803) and grew market cap to HK$802.66m recently. … CEOs leading companies of similar size and profitability … See our latest analysis for Prosperity International Holdings (H.K.)

Simply Wall St -

803 Company Info

Description

Prosperity International Holdings (H.K.) Limited, an investment holding company, engages in mining and trading of iron ore and raw materials in the People’s Republic of China, Macau, Malaysia, Taiwan, and internationally. The company is also involved in trading clinker, cement, granulated blast furnace slag, and other building materials to cement industry; steel; and iron ore equipment. In addition, it engages in mining and processing granite; selling granite products; investing, developing, leasing, and selling real estate properties; provision of advisory, planning, and administrative services, as well as human resource services; and provision of transportation services. The company was founded in 1980 and is headquartered in Tsim Sha Tsui, Hong Kong.

Details
Name: Prosperity International Holdings (H.K.) Limited
803
Exchange: SEHK
Founded: 1980
HK$233,794,952
1,343,649,151
Website: http://www.pihl-hk.com
Address: Prosperity International Holdings (H.K.) Limited
Tower 2,
Suites 1801–6, 18th Floor,
Tsim Sha Tsui,
Kowloon, Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 803 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 02. Aug 2001
Number of employees
Current staff
Staff numbers
240
Prosperity International Holdings (H.K.) employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/22 12:43
End of day share price update: 2019/07/22 00:00
Last earnings filing: 2019/07/19
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.