SOCAM Development
Market Cap
HK$779.2m
Last Updated
2019/07/20 12:40 UTC
Data Sources
Company Financials + 0 Analysts
Executive Summary
SOCAM Development Limited, an investment holding company, engages in the property and construction businesses in the People’s Republic of China and Hong Kong.
Snowflake
Fundamentals
Adequate balance sheet and overvalued.
Risks
- SOCAM Development is not covered by any analysts.
Similar Companies
Share Price & News
How has SOCAM Development's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
0%
SEHK:983
1.1%
HK Construction
0.8%
HK Market
1 Year Return
-6.9%
SEHK:983
-11.1%
HK Construction
-4.4%
HK Market
983 outperformed the Construction industry which returned -11.1% over the past year.
983 underperformed the Market in Hong Kong which returned -4.4% over the past year.
Share holder returns
| 983 | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | 1.1% | 0.8% |
| 30 Day | 9.1% | -4.7% | 1.5% |
| 90 Day | 2.0% | -13.3% | -7.4% |
| 1 Year | -6.9%-6.9% | -7.7%-11.1% | -1.0%-4.4% |
| 3 Year | -43.1%-43.1% | -12.9%-21.2% | 30.8%17.7% |
| 5 Year | -75.1%-75.1% | 11.7%-4.5% | 22.0%1.6% |
Price Volatility Vs. Market
How volatile is SOCAM Development's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Is SOCAM Development (HKG:983) Using Too Much Debt?2 months ago | Simply Wall St
Introducing SOCAM Development (HKG:983), The Stock That Tanked 78%4 months ago | Simply Wall St
What You Should Know About SOCAM Development Limited's (HKG:983) Financial StrengthValuation
Is SOCAM Development undervalued based on future cash flows and its price relative to the stock market?
0.27x
Price to Book (PB) ratio
Intrinsic Value Based on Future Cash Flows
Unable to calculate intrinsic value for SOCAM Development to establish if it is available at moderate discount.
Unable to calculate intrinsic value for SOCAM Development to establish if it is available at substantial discount.
Price Based on Earnings
SOCAM Development is loss making, we can't compare its value to the HK Construction industry average.
SOCAM Development is loss making, we can't compare the value of its earnings to the Hong Kong market.
Price Based on Expected Growth
Unable to calculate PEG ratio for SOCAM Development, we can't assess if its growth is good value.
Price Based on Value of Assets
SOCAM Development is good value based on assets compared to the HK Construction industry average.
Next Steps
Future Growth
How is SOCAM Development expected to perform in the next 1 to 3 years based on estimates from 0 analysts?
11.8%
Forecasted Construction 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 SOCAM Development 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
- Examine SOCAM Development's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- SOCAM Development competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the capital goods industry.
Past Performance
How has SOCAM Development performed over the past 5 years?
16.4%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
SOCAM Development does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
Unable to compare SOCAM Development's 1-year earnings growth to the 5-year average as it is not currently profitable.
Unable to compare SOCAM Development's 1-year growth to the HK Construction industry average as it is not currently profitable.
Return on Equity
It is difficult to establish if SOCAM Development has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
Return on Assets
SOCAM Development used its assets less efficiently than the HK Construction industry average last year based on Return on Assets.
Return on Capital Employed
It is difficult to establish if SOCAM Development improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
Next Steps
Financial Health
How is SOCAM Development's financial position?
Financial Position Analysis
SOCAM Development is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
SOCAM Development's cash and other short term assets cover its long term commitments.
Debt to Equity History and Analysis
SOCAM Development's level of debt (130.2%) compared to net worth is high (greater than 40%).
The level of debt compared to net worth has increased over the past 5 years (87.3% vs 130.2% today).
Balance Sheet
Low level of unsold assets.
Debt is covered by short term assets, assets are 1.3x debt.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
SOCAM Development has sufficient cash runway for more than 3 years based on current free cash flow.
SOCAM Development has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of -79.7% each year.
Next Steps
Dividend
What is SOCAM Development's current dividend yield, its reliability and sustainability?
Dividend Yield and Payments Analysis
Unable to evaluate SOCAM Development's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
Unable to evaluate SOCAM Development's dividend against the top 25% market benchmark as the company has not reported any payouts.
Unable to perform a dividend volatility check as SOCAM Development has not reported any payouts.
Unable to verify if SOCAM Development's dividend has been increasing as the company has not reported any payouts.
Current Payout to Shareholders
Unable to calculate sustainability of dividends as SOCAM Development 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.
Next Steps
Management
What is the CEO of SOCAM Development's salary, the management and board of directors tenure and is there insider trading?
2.2yrs
Average management tenure
CEO
Frankie Wong (70yo)
2.5yrs
Tenure
HK$6,990,000
Compensation
Mr. Yuet Leung Wong, also known as Frankie, has been the Chief Executive Officer and Managing Director of Shui On Holdings Ltd. since 1991. Mr. Yuet has been Chief Executive Officer, Chief Financial Office ...
CEO Compensation Analysis
Frankie's remuneration is higher than average for companies of similar size in Hong Kong.
Frankie's compensation has increased whilst company is loss making.
Management Age and Tenure
2.2yrs
Average Tenure
64yo
Average Age
The tenure for the SOCAM Development management team is about average.
Board Age and Tenure
6.3yrs
Average Tenure
68yo
Average Age
The tenure for the SOCAM Development board of directors is about average.
Insider Trading
No 3 month individual insider trading information.
Ownership Breakdown
Management Team
Vincent Lo (71yo)
Executive Chairman
- Compensation: HK$30.00k
David Chan (64yo)
Executive Director of Shui On Building Contractors Ltd & Shui On Construction Ltd
Frankie Wong (70yo)
CEO, CFO & Executive Director
- Tenure: 2.5yrs
- Compensation: HK$6.99m
Lawrence Choi (66yo)
Vice Chairman of the Construction Division
- Tenure: 1.9yrs
- Compensation: HK$5.67m
Gilbert Ng (58yo)
Executive Director of Pat Davie Limited
Leonard Wong (58yo)
Executive Director of SOCAM Asset Management (Hk) Limited
Karen Chan
Company Secretary
- Tenure: 3.7yrs
Wilson Lam (48yo)
Director of Corporate Finance
- Tenure: 0.5yrs
Board Members
Vincent Lo (71yo)
Executive Chairman
- Tenure: 22.5yrs
- Compensation: HK$30.00k
Frankie Wong (70yo)
CEO, CFO & Executive Director
- Tenure: 2.5yrs
- Compensation: HK$6.99m
Kay-Cheung Chan (73yo)
Independent Non-Executive Director
- Tenure: 9.5yrs
- Compensation: HK$595.00k
William Timothy Addison (66yo)
Independent Non-Executive Director
- Tenure: 3.2yrs
- Compensation: HK$455.00k
Helen Li (63yo)
Independent Non-Executive Director
- Tenure: 10.9yrs
- Compensation: HK$523.00k
Stephanie Lo (36yo)
Non-Executive Director
- Tenure: 0.5yrs
Company Information
SOCAM Development Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: SOCAM Development Limited
- Ticker: 983
- Exchange: SEHK
- Founded:
- Industry: construction and engineering
- Sector: capital goods
- Market Cap: HK$779.167m
- Shares outstanding: 383.83m
- Website: Click here
Number of Employees
Location
- SOCAM Development Limited
- Shui On Centre
- 34th Floor
- Hong Kong
- Hong Kong
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SHON.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Feb 1997 |
| 983 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Feb 1997 |
| HU8 | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Feb 1997 |
Biography
SOCAM Development Limited, an investment holding company, engages in the property and construction businesses in the People’s Republic of China and Hong Kong. It operates through Property, Construction and ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/07/20 12:40 |
| End of Day Share Price | 2019/07/19 00:00 |
| Earnings | 2018/12/31 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.