SEHK:8425

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Executive Summary

Hing Ming Holdings Limited provides rental services for temporary suspended working platforms and other equipment.


Snowflake Analysis

Flawless balance sheet with poor track record.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 8425's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-0.7%

8425

0.3%

HK Trade Distributors

-1.2%

HK Market


1 Year Return

-10.4%

8425

-26.3%

HK Trade Distributors

7.1%

HK Market

Return vs Industry: 8425 exceeded the Hong Kong Trade Distributors industry which returned -28% over the past year.

Return vs Market: 8425 underperformed the Hong Kong Market which returned 5.5% over the past year.


Shareholder returns

8425IndustryMarket
7 Day-0.7%0.3%-1.2%
30 Day5.0%-0.4%-2.8%
90 Day-21.0%-0.9%7.1%
1 Year-10.4%-10.4%-24.0%-26.3%11.5%7.1%
3 Year153.4%153.4%-46.4%-50.0%1.8%-9.1%
5 Yearn/a-63.0%-67.8%13.8%-5.2%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Hing Ming Holdings undervalued compared to its fair value and its price relative to the market?

532.61x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 8425's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 8425's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 8425 is poor value based on its PE Ratio (532.6x) compared to the HK Trade Distributors industry average (7.8x).

PE vs Market: 8425 is poor value based on its PE Ratio (532.6x) compared to the Hong Kong market (10.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 8425's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 8425 is overvalued based on its PB Ratio (4.9x) compared to the HK Trade Distributors industry average (0.5x).


Next Steps

Future Growth

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

12.9%

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 Hing Ming 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 Hing Ming Holdings performed over the past 5 years?

-11.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 8425 has high quality earnings.

Growing Profit Margin: 8425's current net profit margins (2%) are lower than last year (13.1%).


Past Earnings Growth Analysis

Earnings Trend: 8425's earnings have declined by 11% per year over the past 5 years.

Accelerating Growth: 8425's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 8425 had negative earnings growth (-82.6%) over the past year, making it difficult to compare to the Trade Distributors industry average (6.3%).


Return on Equity

High ROE: 8425's Return on Equity (0.9%) is considered low.


Next Steps

Financial Health

How is Hing Ming Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 8425's short term assets (HK$38.1M) exceed its short term liabilities (HK$15.0M).

Long Term Liabilities: 8425's short term assets (HK$38.1M) exceed its long term liabilities (HK$15.7M).


Debt to Equity History and Analysis

Debt Level: 8425 is debt free.

Reducing Debt: 8425 has no debt compared to 5 years ago when its debt to equity ratio was 62.1%.

Debt Coverage: 8425 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 8425 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Hing Ming Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 8425's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 8425's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 8425's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 8425'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 8425's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.4yrs

Average management tenure


CEO

Hing Keung Tang (62 yo)

4.33yrs

Tenure

HK$1,948,000

Compensation

Mr. Hing Keung Tang has been the Chairman of the Board and Chief Executive Officer at Hing Ming Holdings Limited since April 8, 2016. He also holds directorships in all the subsidiaries of the Company. He ...


CEO Compensation Analysis

Compensation vs Market: Hing Keung's total compensation ($USD251.34K) is about average for companies of similar size in the Hong Kong market ($USD230.83K).

Compensation vs Earnings: Hing Keung's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Hing Keung Tang
Chairman & CEO4.33yrsHK$1.95mno data
Ming Hei Tang
Compliance Officer & Executive Director4.25yrsHK$378.00kno data
Man Yi Au
Executive Director2.58yrsHK$378.00kno data
Yuen Lan Lam
Company Secretary & Financial Controller2.58yrsno datano data

3.4yrs

Average Tenure

36yo

Average Age

Experienced Management: 8425's management team is considered experienced (3.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Hing Keung Tang
Chairman & CEO4.33yrsHK$1.95mno data
Ming Hei Tang
Compliance Officer & Executive Director4.25yrsHK$378.00kno data
Man Yi Au
Executive Director2.58yrsHK$378.00kno data
Chi Wing Chiu
Independent Non-Executive Director3.5yrsHK$100.00kno data
Fung Yee Au
Non-Executive Director4.33yrsHK$150.00kno data
Lop Wah Au
Non-Executive Director4.25yrsHK$150.00kno data
Woon Man Kwan
Independent Non-Executive Director3.5yrsHK$100.00kno data
Kai Lai Li
Independent Non Executive Director2.25yrsHK$100.00kno data

3.9yrs

Average Tenure

57yo

Average Age

Experienced Board: 8425's board of directors are considered experienced (3.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Hing Ming Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Hing Ming Holdings Limited
  • Ticker: 8425
  • Exchange: SEHK
  • Founded: 1997
  • Industry: Trading Companies and Distributors
  • Sector: Capital Goods
  • Market Cap: HK$588.000m
  • Shares outstanding: 400.00m
  • Website: https://www.hing-ming.com

Number of Employees


Location

  • Hing Ming Holdings Limited
  • Tsim Sha Tsui Mansion
  • Room A4, 2nd Floor
  • Kowloon City
  • Kowloon
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
8425SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDMar 2017

Biography

Hing Ming Holdings Limited provides rental services for temporary suspended working platforms and other equipment. It rents tower cranes and generators; and trades in equipment and spare parts, including p ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/11 12:37
End of Day Share Price2020/08/10 00:00
Earnings2020/06/30
Annual Earnings2020/03/31


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.