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
In this section, we usually try to help investors determine whether CNC Holdings is trading at an attractive price based on the cash flow it is expected to produce in the future. But as CNC Holdings has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.
This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis. You can see them here.
Show me the analysis anyway
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
It is not possible to calculate the future cash flow value for
CNC Holdings. This is due to cash flow or dividend data being
unavailable. The share price is
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
is considered below, and whether this is a fair price.
Price based on past earnings
CNC Holdings's earnings available for a low price, and how does
this compare to other companies in the same industry?
CNC Holdings has negative assets, we can't compare the value of its assets to the HK Construction industry average.
Take a look at our analysis of 8356’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through CNC Holdings's regulatory filings and announcements.
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 CNC 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 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
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
Expected Construction industry annual growth in earnings.
Earnings growth vs Low Risk Savings
expected to grow at an
Unable to compare CNC Holdings's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
Unable to compare CNC Holdings's earnings growth to the Hong Kong market average as no estimate data is available.
Unable to compare CNC Holdings's revenue growth to the Hong Kong market average as no estimate data is available.
Unable to determine if CNC Holdings is high growth as no earnings estimate data is available.
Unable to determine if CNC Holdings 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.
CNC Holdings's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
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.
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.
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.
TENURE AS CEO
Mr. Yong Sheng Li has been Vice Chairman, Chief Executive Officer and Executive Director of CNC Holdings Limited since December 8, 2017 and its Compliance Officer since January 5, 2018. Mr. Li a Reporter superior of Xinhua News Agency since 1992. Mr. Li served as Reporter and Editor in financial and economical businesses. Mr. Li has served as the Associate Director of the service line of Xinhua News Agency since 2003 and the editor of Xinhua News Agency Audio and Video News Desk and the officer of the Financial Television Centre since 2009. He has been a Non-Executive Director of CNC Holdings Limited since February 4, 2013. Mr. Li graduated from Wuhan University with a degree of Bachelor of Economics and Management in 1992. Mr. Li obtained a Doctorate of philosophy in Economics from Wuhan University of Technology in 2010.
Yong Sheng's compensation has been consistent with company performance over the past year, both up more than 20%.
Yong Sheng's remuneration is lower than average for companies of similar size in Hong Kong.
Management Team Tenure
Average tenure and age of the
management team in years:
The average tenure for the CNC Holdings management team is less than 2 years, this suggests a new team.
Chairman of the Board
Yong Sheng Li
Executive Vice Chairman
Kwok Cheung Kan
Da Yong Liu
Yuet Tai Li
CFO & Company Secretary
Board of Directors Tenure
Average tenure and age of the
board of directors in years:
The average tenure for the CNC Holdings board of directors is less than 3 years, this suggests a new board.
Imagine Owning CNC Holdings (HKG:8356) And Trying To Stomach The 89% Share Price Drop
Generally speaking, companies without profits are expected to grow revenue every year, and at a good clip. … In the last half decade, CNC Holdings saw its revenue increase by 1.9% per year. … It's not so sure that share price crash of 35% per year is completely deserved, but the market is doubtless disappointed.
Dilution Ahead For CNC Holdings Limited (HKG:8356) Shareholders?
Looking at CNC Holdings’s latest financial data, I will estimate when the company may run out of cash and need to raise more money. … With a negative free cash flow of -HK$44.0m, CNC Holdings is chipping away at its HK$68m cash reserves in order to run its business … The riskiest factor facing investors of CNC Holdings is the potential for the company to run out of cash without the ability to raise more money.
Should You Sell CNC Holdings Limited (HKG:8356) For This Reason?
Given that CNC Holdings is spending more money than it earns, it will need to fund its expenses via external sources of capital. … Today I’ve examined CNC Holdings’s financial data from its most recent earnings update, to roughly assess when the company may need to raise new capital. … The biggest threat facing CNC Holdings’s investor is the company going out of business when it runs out of money and cannot raise any more capital.
General Public Ownership The general public holds a substantial 68.63% stake in 8356, making it a highly popular stock among retail investors. … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions. … Private Company Ownership Potential investors in 8356 should also look at another important group of investors: private companies, with a stake of 29.31%, who are primarily invested because of strategic and capital gain interests.
CNC Holdings Limited (HKG:8356): Does The Earnings Decline Make It An Underperformer?
Assessing CNC Holdings Limited's (SEHK:8356) past track record of performance is a valuable exercise for investors. … View our latest analysis for CNC Holdings Commentary On 8356's Past Performance For the purpose of this commentary, I like to use the ‘latest twelve-month’ data, which annualizes the most recent half-year data, or in some cases, the latest annual report is already the most recent financial year data. … This suggests that any recent the industry is experiencing, it’s hitting CNC Holdings harder than its peers.What does this mean?
Interested In CNC Holdings Limited (SEHK:8356)? Here's What Its Recent Track-Record Looks Like
Below, I will assess 8356's latest performance announced on 30 September 2017 and weight these figures against its longer term trend and industry movements. … Check out our latest analysis for CNC Holdings Was 8356's recent earnings decline worse than the long-term trend and the industry? … This shows that any recent headwind the industry is facing, it’s hitting CNC Holdings harder than its peers.What does this mean?
CNC Holdings Limited, an investment holding company, primarily provides waterworks engineering services. It operates through Provision of Civil Engineering Services and Television Broadcasting Business segments. The company provides road works and drainage services, and site formation works for the public sector in Hong Kong. It also broadcasts television programs on television channels operated by television broadcasting companies in the Asia-Pacific region. In addition, it holds and leases motor vehicles; and provides management services. Further, the company engages in advertising business. The company was formerly known as Tsun Yip Holdings Limited and changed its name to CNC Holdings Limited in February 2012. CNC Holdings Limited was founded in 1989 and is headquartered in Wanchai, Hong Kong.
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