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Zhejiang United Investment Holdings Group

SEHK:8366
Snowflake Description

Moderate growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
8366
SEHK
HK$623M
Market Cap
  1. Home
  2. HK
  3. Capital Goods
Company description

Zhejiang United Investment Holdings Group Limited, an investment holding company, undertakes slope works, foundation works, and other general building works in Hong Kong. The last earnings update was 126 days ago. More info.


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  • Zhejiang United Investment Holdings Group has significant price volatility in the past 3 months.
8366 Share Price and Events
7 Day Returns
0%
SEHK:8366
1%
HK Construction
1.5%
HK Market
1 Year Returns
48.1%
SEHK:8366
-10.9%
HK Construction
-4.7%
HK Market
8366 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Zhejiang United Investment Holdings Group (8366) 0% -28.6% 11.1% 48.1% 254% -
HK Construction 1% -4.3% -13.7% -10.9% -21.2% -2%
HK Market 1.5% 3.9% -8.2% -4.7% 18.3% 3.4%
1 Year Return vs Industry and Market
  • 8366 outperformed the Construction industry which returned -10.9% over the past year.
  • 8366 outperformed the Market in Hong Kong which returned -4.7% over the past year.
Price Volatility
8366
Industry
5yr Volatility vs Market

Value

 Is Zhejiang United Investment Holdings Group 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 Zhejiang United Investment Holdings Group 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 Zhejiang United Investment Holdings Group.

SEHK:8366 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 8.8%
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:8366
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6.7%
Construction Unlevered Beta Simply Wall St/ S&P Global 1.04
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.042 (1 + (1- 25%) (0.02%))
1.029
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.03
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.029 * 6.65%)
8.84%

Discounted Cash Flow Calculation for SEHK:8366 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Zhejiang United Investment Holdings Group 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:8366 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 8.84%)
2020 21.49 Est @ 7.34% 19.74
2021 22.72 Est @ 5.74% 19.18
2022 23.77 Est @ 4.62% 18.43
2023 24.68 Est @ 3.83% 17.59
2024 25.49 Est @ 3.28% 16.69
2025 26.23 Est @ 2.9% 15.78
2026 26.92 Est @ 2.63% 14.88
2027 27.58 Est @ 2.44% 14.00
2028 28.21 Est @ 2.31% 13.16
2029 28.84 Est @ 2.22% 12.36
Present value of next 10 years cash flows HK$161.80
SEHK:8366 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= HK$28.84 × (1 + 2%) ÷ (8.84% – 2%)
HK$430.10
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$430.10 ÷ (1 + 8.84%)10
HK$184.32
SEHK:8366 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$161.80 + HK$184.32
HK$346.12
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$346.12 / 1,577.20
HK$0.22
SEHK:8366 Discount to Share Price
Calculation Result
Value per share (HKD) From above. HK$0.22
Current discount Discount to share price of HK$0.40
= -1 x (HK$0.40 - HK$0.22) / HK$0.22
-82.3%

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

  • The current share price of Zhejiang United Investment Holdings Group is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Zhejiang United Investment Holdings Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Zhejiang United Investment Holdings Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:8366 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-01-31) in HKD HK$-0.01
SEHK:8366 Share Price ** SEHK (2019-07-17) in HKD HK$0.4
Hong Kong Construction Industry PE Ratio Median Figure of 105 Publicly-Listed Construction Companies 10.15x
Hong Kong Market PE Ratio Median Figure of 1,510 Publicly-Listed Companies 10.75x

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

** Primary Listing of Zhejiang United Investment Holdings Group.

SEHK:8366 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:8366 Share Price ÷ EPS (both in HKD)

= 0.4 ÷ -0.01

-40.42x

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

  • Zhejiang United Investment Holdings Group is loss making, we can't compare its value to the HK Construction industry average.
  • Zhejiang United Investment Holdings Group is loss making, we can't compare the value of its earnings to the Hong Kong market.
Price based on expected Growth
Does Zhejiang United Investment Holdings Group's expected growth come at a high price?
Raw Data
SEHK:8366 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -40.42x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
53.1%per year
Hong Kong Construction Industry PEG Ratio Median Figure of 10 Publicly-Listed Construction Companies 0.56x
Hong Kong Market PEG Ratio Median Figure of 479 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 Zhejiang United Investment Holdings Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Zhejiang United Investment Holdings Group's assets?
Raw Data
SEHK:8366 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-01-31) in HKD HK$0.04
SEHK:8366 Share Price * SEHK (2019-07-17) in HKD HK$0.4
Hong Kong Construction Industry PB Ratio Median Figure of 136 Publicly-Listed Construction Companies 1.4x
Hong Kong Market PB Ratio Median Figure of 2,197 Publicly-Listed Companies 0.92x
SEHK:8366 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:8366 Share Price ÷ Book Value per Share (both in HKD)

= 0.4 ÷ 0.04

8.9x

* Primary Listing of Zhejiang United Investment Holdings Group.

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

  • Zhejiang United Investment Holdings Group is overvalued based on assets compared to the HK Construction industry average.
X
Value checks
We assess Zhejiang United Investment Holdings Group'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 Construction 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 Construction industry average (and greater than 0)? (1 check)
  5. Zhejiang United Investment Holdings Group has a total score of 0/6, 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.

Future Performance

 How is Zhejiang United Investment Holdings Group expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Zhejiang United Investment Holdings Group, future earnings growth has been estimated based on fundamentals.
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
53.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Zhejiang United Investment Holdings Group expected to grow at an attractive rate?
  • Zhejiang United Investment Holdings Group's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • Zhejiang United Investment Holdings Group's earnings growth is expected to exceed the Hong Kong market average.
  • Unable to compare Zhejiang United Investment Holdings Group's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:8366 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:8366 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 53.1%
Hong Kong Construction Industry Earnings Growth Rate Market Cap Weighted Average 7.1%
Hong Kong Construction Industry Revenue Growth Rate Market Cap Weighted Average 9.6%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average -7.3%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.3%

*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:8366 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 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:8366 Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
SEHK:8366 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2019-01-31 162 -14
2018-10-31 163 -8 -16
2018-07-31 144 -14
2018-04-30 138 16 -11
2018-01-31 137 -4
2017-10-31 129 26 -1
2017-07-31 138 2
2017-04-30 149 -10 5
2017-01-31 136 4
2016-10-31 160 -10 8
2016-07-31 161 8
2016-04-30 181 24 7

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Zhejiang United Investment Holdings Group's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Zhejiang United Investment Holdings Group 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:8366 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Zhejiang United Investment Holdings Group Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:8366 Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
SEHK:8366 Past Financials Data
Date (Data in HKD Millions) EPS *
2019-01-31 -0.01
2018-10-31 -0.01
2018-07-31 -0.01
2018-04-30 -0.01
2018-01-31 0.00
2017-10-31 0.00
2017-07-31 0.00
2017-04-30 0.00
2017-01-31 0.00
2016-10-31 0.01
2016-07-31 0.01
2016-04-30 0.01

*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 Zhejiang United Investment Holdings Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Zhejiang United Investment Holdings Group'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 Hong Kong 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.
Zhejiang United Investment Holdings Group has a total score of 3/6, 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.

Past Performance

  How has Zhejiang United Investment Holdings Group 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 Zhejiang United Investment Holdings Group's growth in the last year to its industry (Construction).
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.
  • Zhejiang United Investment Holdings Group does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Zhejiang United Investment Holdings Group's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Zhejiang United Investment Holdings Group's 1-year growth to the HK Construction industry average as it is not currently profitable.
Earnings and Revenue History
Zhejiang United Investment Holdings Group'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 Zhejiang United Investment Holdings Group Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:8366 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-01-31 161.78 -14.25 15.15
2018-10-31 162.66 -15.62 15.15
2018-07-31 143.53 -13.74 13.28
2018-04-30 137.80 -10.80 10.41
2018-01-31 136.60 -3.96 10.94
2017-10-31 128.80 -1.33 8.74
2017-07-31 138.24 1.97 7.36
2017-04-30 148.57 4.57 6.48
2017-01-31 136.48 4.29 6.75
2016-10-31 160.35 7.56 6.29
2016-07-31 161.17 8.39 6.12
2016-04-30 180.60 7.19 5.48
2016-01-31 177.92 9.57 8.07
2015-10-31 163.40 10.04 7.75
2015-07-31 167.83 9.49 7.32
2015-04-30 157.35 11.43 7.44
2014-04-30 128.30 11.54 3.17

*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 Zhejiang United Investment Holdings Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Zhejiang United Investment Holdings Group has efficiently used its assets last year compared to the HK Construction industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Zhejiang United Investment Holdings Group 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 Zhejiang United Investment Holdings Group'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 Construction 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.
Zhejiang United Investment Holdings Group 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.

Health

 How is Zhejiang United Investment Holdings Group'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 Zhejiang United Investment Holdings Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Zhejiang United Investment Holdings Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Zhejiang United Investment Holdings Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Zhejiang United Investment Holdings Group'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 831.9x 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 Zhejiang United Investment Holdings Group Company Filings, last reported 5 months ago.

SEHK:8366 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-01-31 64.72 0.15 36.17
2018-10-31 64.72 0.11 36.17
2018-07-31 72.90 2.31 39.12
2018-04-30 72.90 2.26 39.12
2018-01-31
2017-10-31 81.97 0.00 90.84
2017-07-31 83.70 0.07 67.03
2017-04-30 83.70 0.00 67.03
2017-01-31
2016-10-31 84.00 0.00 23.20
2016-07-31 79.13 0.10 49.84
2016-04-30 79.13 0.00 49.84
2016-01-31
2015-10-31 36.89 0.00 28.60
2015-07-31 43.08 6.60 22.75
2015-04-30 43.08 6.60 22.75
2014-04-30 31.65 0.00 2.55
  • Zhejiang United Investment Holdings Group's level of debt (0.2%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Zhejiang United Investment Holdings Group's debt level has increased without past 5-year debt data.
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on Zhejiang United Investment Holdings Group's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Zhejiang United Investment Holdings Group'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. Zhejiang United Investment Holdings Group 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.

Dividends

 What is Zhejiang United Investment Holdings Group'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 Zhejiang United Investment Holdings Group dividends.
If you bought HK$2,000 of Zhejiang United Investment Holdings Group 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 Zhejiang United Investment Holdings Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Zhejiang United Investment Holdings Group'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:8366 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 Construction Industry Average Dividend Yield Market Cap Weighted Average of 43 Stocks 3.9%
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:8366 Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts

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

  • Unable to perform a dividend volatility check as Zhejiang United Investment Holdings Group has not reported any payouts.
  • Unable to verify if Zhejiang United Investment Holdings Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Zhejiang United Investment Holdings Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Zhejiang United Investment Holdings Group 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 Zhejiang United Investment Holdings Group'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 Zhejiang United Investment Holdings Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Zhejiang United Investment Holdings Group 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.

Management

 What is the CEO of Zhejiang United Investment Holdings Group'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
Ying Zhou
COMPENSATION HK$1,226,161
AGE 37
TENURE AS CEO 2 years
CEO Bio

Mr. Ying Zhou has been the Chairman and Executive Director of Fraser Holdings Limited since July 26, 2017. Mr. Zhou is working in the financial investment industry and has invested in or managed various companies of the People Republic of China involving in various fields, including equity investment, assets management, films and entertainment and cultural education. Mr. Zhou has acted as the chairman of the board of directors in Zhejiang United Small-and-medium-sized Enterprises Holdings Group Company Limited since March 2014. He serves as the President of the Zheshang National Council Presidium. He serves as the Vice-President of the Zhejiang Minjian Entrepreneur Association of China Democratic National Construction Association, Entrepreneur Association of the Hangzhou City Committee of China Democratic National Construction Association, Zhejiang International Finance Society and Hangzhou Entrepreneurship Development Association. He serves as the Deputy General Secretary of Western Returned Scholars Association of Hangzhou. Mr. Zhou serves as a Member of the Zhejiang Provincial Party Committee of China, Democratic National Construction Association, Hangzhou City Committee of China Democratic National Construction Association. He serves as a Committee Member of Hangzhou Youth Federation, a member of the executive committee of Hangzhou Industrial and Commercial Union. Mr. Zhou has received the following awards including the 13th session of Top 10 Outstanding Young Persons in Hangzhou, Top 10 New Youth Businessmen in Yangtze River Delta of China in 2016, Person of the Year of Zhejiang Minjian in 2016, Asia Financial Brands Top 10 Outstanding Figures in 2016, Zhejiang Outstanding Investor of Year 2016, Top 10 Leaders of Zhejiang Financial Investment in 2015, Zheshang Figure of Creativity in 2015, Top 10 Models with Outstanding Contributions to Hangzhou United Front of Year 2014, China Outstanding Credible Entrepreneur in 2014 and the Outstanding Investment Manager of Zhejiang Private Equity Association in 2015.

CEO Compensation
  • Insufficient data for Ying to compare compensation growth.
  • Ying's remuneration is lower than average for companies of similar size in Hong Kong.
Management Team Tenure

Average tenure and age of the Zhejiang United Investment Holdings Group management team in years:

2
Average Tenure
38
Average Age
  • The tenure for the Zhejiang United Investment Holdings Group management team is about average.
Management Team

Ying Zhou

TITLE
Chairman & CEO
COMPENSATION
HK$1M
AGE
37
TENURE
2 yrs

Ying Meng

TITLE
Compliance Officer & Executive Director
COMPENSATION
HK$269K
AGE
39
TENURE
2 yrs

Chi Lung Yeung

TITLE
Financial Controller
AGE
36
TENURE
2.1 yrs

Shirley Hui

TITLE
Secretary
AGE
51
TENURE
2.1 yrs
Board of Directors Tenure

Average tenure and age of the Zhejiang United Investment Holdings Group board of directors in years:

2
Average Tenure
46
Average Age
  • The average tenure for the Zhejiang United Investment Holdings Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Ying Zhou

TITLE
Chairman & CEO
COMPENSATION
HK$1M
AGE
37
TENURE
2 yrs

Ying Meng

TITLE
Compliance Officer & Executive Director
COMPENSATION
HK$269K
AGE
39
TENURE
2 yrs

Raymond Wong

TITLE
Independent Non-Executive Director
COMPENSATION
HK$138K
AGE
53
TENURE
2 yrs

Xuchen Zheng

TITLE
Independent Non-Executive Director
COMPENSATION
HK$138K
AGE
54
TENURE
2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
X
Management checks
We assess Zhejiang United Investment Holdings Group'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. Zhejiang United Investment Holdings Group 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.

News

Simply Wall St News

Who Are The Largest Shareholders In Zhejiang United Investment Holdings Group Limited (HKG:8366)?

In this article, I'm going to take a look at Zhejiang United Investment Holdings Group Limited’s (HKG:8366) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … When it comes to ownership structure of a company, the impact has been observed in both the long-and short-term performance of shares. … View our latest analysis for Zhejiang United Investment Holdings Group

Simply Wall St -

How Zhejiang United Investment Holdings Group Limited (HKG:8366) Can Impact Your Portfolio Volatility

A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … With a beta of 2.19, Zhejiang United Investment Holdings Group is a stock that tends to experience more gains than the market during a growth phase and also a bigger reduction in value compared to the market during a broad downturn. … However, this is the opposite to what 8366’s actual beta value suggests, which is higher stock volatility relative to the market.

Simply Wall St -

Who Are Zhejiang United Investment Holdings Group Limited's (HKG:8366) Major Shareholders?

I am going to take a deep dive into Zhejiang United Investment Holdings Group Limited’s (SEHK:8366) most recent ownership structure, not a frequent subject of discussion among individual investors. … Check out our latest analysis for Zhejiang United Investment Holdings Group SEHK:8366 Ownership_summary Feb 1st 18 Insider Ownership I find insiders are another important group of stakeholders, who are directly involved in making key decisions related to the use of capital. … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions.

Simply Wall St -

Why You Need To Look At This Factor Before Buying Zhejiang United Investment Holdings Group Limited (HKG:8366)

A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … A high level of beta means investors face higher risk associated with potential gains and losses driven by market movements. … An asset-heavy company tends to have a higher beta because the risk associated with running fixed assets during a downturn is highly expensive.

Simply Wall St -

Is Zhejiang United Investment Holdings Group Limited (HKG:8366) A Good Capital Goods Bet?

View our latest analysis for Zhejiang United Investment Holdings Group What’s the catalyst for Zhejiang United Investment Holdings Group's sector growth? … As the company trails the rest of the industry in terms of growth, Zhejiang United Investment Holdings Group may also be a cheaper stock relative to its peers. … If your initial investment thesis is around the growth prospects of Zhejiang United Investment Holdings Group, there are other E&C companies that have delivered higher growth, and perhaps trading at a discount to the industry average.

Simply Wall St -

Zhejiang United Investment Holdings Group Limited's (HKG:8366) Earnings Dropped -117.6%, Did Its Industry Show Weakness Too?

Today I will run you through a basic sense check to gain perspective on how Zhejiang United Investment Holdings Group is doing by comparing its latest earnings with its long-term trend as well as the performance of its construction and engineering industry peers. … View our latest analysis for Zhejiang United Investment Holdings Group Did 8366 perform worse than its track record and industry? … For Zhejiang United Investment Holdings Group, its latest twelve-month earnings is -HK$1.3M, which, relative to the prior year's figure, has turned from positive to negative.

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Company Info

Description

Zhejiang United Investment Holdings Group Limited, an investment holding company, undertakes slope works, foundation works, and other general building works in Hong Kong. The company provides consultancy services related to the management of projects. It serves government departments, such as civil engineering and development department, lands department, and architectural services department; other statutory bodies, including housing authorities; and private corporations and other entities in the private sector. The company was formerly known as Fraser Holdings Limited and changed its name to Zhejiang United Investment Holdings Group Limited in September 2017. Zhejiang United Investment Holdings Group Limited has a strategic cooperation framework agreement with Beijing Baicells Technology Co. Ltd. Zhejiang United Investment Holdings Group Limited was incorporated in 2015 and is headquartered in Admiralty, Hong Kong.

Details
Name: Zhejiang United Investment Holdings Group Limited
8366
Exchange: SEHK
Founded: 2015
HK$622,994,000
1,577,200,000
Website: http://www.zjuv8366.com
Address: Zhejiang United Investment Holdings Group Limited
Far East Finance Centre,
Unit 1901,
Admiralty,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 8366 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 02. Nov 2015
Number of employees
Current staff
Staff numbers
55
Zhejiang United Investment Holdings Group employees.
Industry
Construction and Engineering
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/17 12:57
End of day share price update: 2019/07/17 00:00
Last estimates confirmation: 2018/07/25
Last earnings filing: 2019/03/13
Last earnings reported: 2019/01/31
Last annual earnings reported: 2018/04/30


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.