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Binjiang Services Group

SEHK:3316
Snowflake Description

Flawless balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
3316
SEHK
HK$2B
Market Cap
  1. Home
  2. HK
  3. Commercial Services
Company description

Binjiang Services Group Co. Ltd. provides property management services focusing on high-end residential properties in China. The last earnings update was 52 days ago. More info.


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3316 Share Price and Events
7 Day Returns
-0.8%
SEHK:3316
0.5%
HK Commercial Services
0.5%
HK Market
1 Year Returns
-
SEHK:3316
-31.4%
HK Commercial Services
-15.9%
HK Market
3316 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Binjiang Services Group (3316) -0.8% -1.1% -4.6% - - -
HK Commercial Services 0.5% 2.6% -1.1% -31.4% -31.7% -40.6%
HK Market 0.5% -2.7% -9.9% -15.9% 20.6% 3%
1 Year Return vs Industry and Market
  • No trading data on 3316.
  • No trading data on 3316.
Price Volatility
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Binjiang Services Group's competitors could be found in our database.

Value

 Is Binjiang Services 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 Binjiang Services 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 Binjiang Services Group.

SEHK:3316 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 6.8%
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:3316
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.69
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.685 (1 + (1- 25%) (0%))
0.789
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (0.8 * 5.96%)
6.77%

Discounted Cash Flow Calculation for SEHK:3316 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Binjiang Services 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:3316 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 6.77%)
2019 149.71 Est @ 3.44% 140.22
2020 154.21 Est @ 3.01% 135.27
2021 158.38 Est @ 2.7% 130.12
2022 162.33 Est @ 2.49% 124.91
2023 166.14 Est @ 2.35% 119.73
2024 169.87 Est @ 2.24% 114.66
2025 173.56 Est @ 2.17% 109.72
2026 177.24 Est @ 2.12% 104.94
2027 180.94 Est @ 2.09% 100.33
2028 184.67 Est @ 2.06% 95.91
Present value of next 10 years cash flows CN¥1,175.80
SEHK:3316 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CN¥184.67 × (1 + 2%) ÷ (6.77% – 2%)
CN¥3,950.59
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥3,950.59 ÷ (1 + 6.77%)10
CN¥2,051.77
SEHK:3316 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥1,175.80 + CN¥2,051.77
CN¥3,227.58
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥3,227.58 / 276.41
CN¥11.68
SEHK:3316 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:3316)
1.13
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥11.68 x 1.13
HK$13.2
Value per share (HKD) From above. HK$13.20
Current discount Discount to share price of HK$7.12
= -1 x (HK$7.12 - HK$13.20) / HK$13.20
46%

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

Current Discount
Amount off the current price Binjiang Services Group is available for.
Intrinsic value
46%
Share price is HK$7.12 vs Future cash flow value of HK$13.2
Current Discount Checks
For Binjiang Services Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Binjiang Services Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Binjiang Services Group'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 Binjiang Services Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Binjiang Services Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:3316 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥0.35
SEHK:3316 Share Price ** SEHK (2019-06-14) in HKD HK$7.12
SEHK:3316 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.885 CN¥6.3
Hong Kong Commercial Services Industry PE Ratio Median Figure of 50 Publicly-Listed Commercial Services Companies 13.2x
Hong Kong Market PE Ratio Median Figure of 1,487 Publicly-Listed Companies 10.68x

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

** Primary Listing of Binjiang Services Group.

SEHK:3316 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:3316 Share Price ÷ EPS (both in CNY)

= 6.3 ÷ 0.35

17.95x

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

  • Binjiang Services Group is overvalued based on earnings compared to the HK Commercial Services industry average.
  • Binjiang Services Group is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Binjiang Services Group's expected growth come at a high price?
Raw Data
SEHK:3316 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.95x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-13.1%per year
Hong Kong Commercial Services Industry PEG Ratio Median Figure of 8 Publicly-Listed Commercial Services Companies 0.66x
Hong Kong Market PEG Ratio Median Figure of 466 Publicly-Listed Companies 0.76x

*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 Binjiang Services Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Binjiang Services Group's assets?
Raw Data
SEHK:3316 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥0.91
SEHK:3316 Share Price * SEHK (2019-06-14) in HKD HK$7.12
SEHK:3316 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.885 CN¥6.3
Hong Kong Commercial Services Industry PB Ratio Median Figure of 68 Publicly-Listed Commercial Services Companies 1.14x
Hong Kong Market PB Ratio Median Figure of 2,169 Publicly-Listed Companies 0.93x
SEHK:3316 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:3316 Share Price ÷ Book Value per Share (both in CNY)

= 6.3 ÷ 0.91

6.95x

* Primary Listing of Binjiang Services Group.

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

  • Binjiang Services Group is overvalued based on assets compared to the HK Commercial Services industry average.
X
Value checks
We assess Binjiang Services 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 Commercial Services 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 Commercial Services industry average (and greater than 0)? (1 check)
  5. Binjiang Services Group 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.

Future Performance

 How is Binjiang Services Group expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Binjiang Services 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
-13.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Binjiang Services Group expected to grow at an attractive rate?
  • Binjiang Services Group's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2%.
Growth vs Market Checks
  • Binjiang Services Group's earnings are expected to decrease over the next 1-3 years, this is below the Hong Kong market average.
  • Unable to compare Binjiang Services Group's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:3316 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:3316 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -13.1%
Hong Kong Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 20.3%
Hong Kong Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 24.5%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.2%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.7%

*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:3316 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 CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:3316 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 509 150 70
2017-12-31 349 143 57
2016-12-31 226 101 22

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Binjiang Services Group's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Binjiang Services 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:3316 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 Binjiang Services Group Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:3316 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 0.35
2017-12-31 0.29
2016-12-31 0.11

*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 Binjiang Services Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Binjiang Services 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.
Binjiang Services Group 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.

Past Performance

  How has Binjiang Services 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 Binjiang Services Group's growth in the last year to its industry (Commercial Services).
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.
  • Insufficient data to establish if Binjiang Services Group's year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Binjiang Services Group's 1-year earnings growth to the 5-year average due to insufficient past data.
  • Binjiang Services Group's earnings growth has not exceeded the HK Commercial Services industry average in the past year (22.7% vs 24.7%).
Earnings and Revenue History
Binjiang Services 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 Binjiang Services Group Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:3316 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 509.47 70.18 42.63
2017-12-31 349.26 57.17 15.55
2016-12-31 225.92 22.30 12.98
2015-12-31 158.87 11.47 11.23

*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.
  • Binjiang Services Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Binjiang Services Group used its assets more efficiently than the HK Commercial Services industry average last year based on Return on Assets.
  • Binjiang Services Group has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Binjiang Services 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 Commercial Services 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.
Binjiang Services Group has a total score of 3/6, 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 Binjiang Services 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 Binjiang Services Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Binjiang Services Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Binjiang Services Group has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Binjiang Services 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.
  • Binjiang Services Group has no debt, it does not need to be covered by short term assets.
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 Binjiang Services Group Company Filings, last reported 5 months ago.

SEHK:3316 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 184.73 0.00 472.75
2017-12-31 111.19 0.00 305.35
2016-12-31 53.57 0.00 168.21
2015-12-31 30.97 0.00 69.54
  • Binjiang Services Group has no debt.
  • Binjiang Services Group has not taken on any debt in the past 5 years.
  • Binjiang Services Group has no debt, it does not need to be covered by operating cash flow.
  • Binjiang Services Group has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Binjiang Services 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. Binjiang Services Group has a total score of 6/6, 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 Binjiang Services 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
1.4%
Current annual income from Binjiang Services Group dividends.
If you bought HK$2,000 of Binjiang Services Group shares you are expected to receive HK$28 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?
  • Binjiang Services Group's pays a lower dividend yield than the bottom 25% of dividend payers in Hong Kong (2.08%).
  • Binjiang Services Group's dividend is below the markets top 25% of dividend payers in Hong Kong (5.95%).
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:3316 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 Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 24 Stocks 2.2%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 966 Stocks 3.7%
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 6%

Industry and Market average data is calculated daily.

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

SEHK:3316 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-05-30 0.088 1.396

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

  • It is too early to tell whether Binjiang Services Group has stable dividend payments.
  • Binjiang Services Group only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of Binjiang Services Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4x coverage).
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 Binjiang Services 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 Binjiang Services Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Binjiang Services Group has a total score of 1/6, 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 Binjiang Services 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
Lidong Zhu
AGE 54
TENURE AS CEO 0.8 years
CEO Bio

Mr. Lidong Zhu is the Chairman of the board and the General Manager of Binjiang Property since November 2006 and February 2010, respectively. From February 2017 to September 2018, Mr. Zhu was the Deputy General Manager of Binjiang Holdings. From May 2003 to February 2017, he served as the Deputy Manager at Binjiang Real Estate. From October 1994 to April 2003, he was a Reporter and the Deputy Director of general editing office and monograph office of Hangzhou Daily Newspaper and an Associate General Editor of Daily Commence Newspaper of Hangzhou Daily Newspaper Press Group (formerly known as Hangzhou Daily Newspaper Press. Prior to that, Mr. Zhu was a teaching staff at Armed Police Hangzhou Command College from September 1984 to October 1994. Since July 2012, Mr. Zhu has been the Vice Chairperson of the Property Management Association of Zhejiang Real Estate Institute. He has also been serving as the Vice Chairman of the Hangzhou Property Management Association since August 2018. In July 2008, Mr. Zhu was recognized as the Hangzhou Property Management Bidding Expertise and appointed as the Fellow of Hangzhou Property Management Excellent Projects Evaluation Expert Database in August 2018. In 2004, he was awarded China Excellent Professional Manager by the 2004 China City-land Operation Exposition. He was also conferred the Attitude Real Estate Person by the Netease Real Estate in 2017. He has been Chairman and President of Binjiang Services Group Co. Ltd since September 19, 2018. Mr. Zhu received his bachelor’s degree in history from Hangzhou University (currently merged into Zhejiang University), the PRC, in July 1984.

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

Average tenure and age of the Binjiang Services Group management team in years:

5.2
Average Tenure
37
Average Age
  • The average tenure for the Binjiang Services Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Lidong Zhu

TITLE
Chairman & President
AGE
54
TENURE
0.8 yrs

Dong Zhou

TITLE
Financial Controller
AGE
35
TENURE
0.8 yrs

Guoyi Wang

TITLE
Deputy General Manager
AGE
55
TENURE
9.5 yrs

Guorong Shen

TITLE
Deputy General Manager
AGE
36
TENURE
9.5 yrs

Weiqi Yu

TITLE
Deputy General Manager
AGE
37
TENURE
9.5 yrs

Chunlan Guo

TITLE
Deputy General Manager
AGE
53
TENURE
9.5 yrs

Ruoqin Zhong

TITLE
Joint Company Secretary
AGE
32
TENURE
0.8 yrs

Mei Ying Ko

TITLE
Joint Company Secretary
TENURE
0.6 yrs
Board of Directors Tenure

Average tenure and age of the Binjiang Services Group board of directors in years:

0.8
Average Tenure
42
Average Age
  • The average tenure for the Binjiang Services Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Lidong Zhu

TITLE
Chairman & President
AGE
54
TENURE
0.8 yrs

Ruoqin Zhong

TITLE
Joint Company Secretary
AGE
32
TENURE
0.8 yrs

Jiangang Ding

TITLE
Independent Non-Executive Director
AGE
54
TENURE
0.3 yrs

Haijing Cai

TITLE
Independent Non-Executive Director
AGE
35
TENURE
0.3 yrs

Jianhua Mo

TITLE
Non-Executive Director
AGE
47
TENURE
1.5 yrs

Xin Cai

TITLE
Non-Executive Director
AGE
42
TENURE
0.8 yrs

Kunjun Li

TITLE
Independent Non-Executive Director
AGE
40
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
X
Management checks
We assess Binjiang Services 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. Binjiang Services 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

Binjiang Services Group Co. Ltd. (HKG:3316) Is Employing Capital Very Effectively

The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Binjiang Services Group: 0.49 = CN¥91m ÷ (CN¥551m - CN¥366m) (Based on the trailing twelve months to December 2018.) Therefore, Binjiang Services Group has an ROCE of 49%. … What Are Current Liabilities, And How Do They Affect Binjiang Services Group's ROCE? … While a high level of current liabilities boosts its ROCE, Binjiang Services Group's returns are still very good.

Simply Wall St -

Company Info

Description

Binjiang Services Group Co. Ltd. provides property management services focusing on high-end residential properties in China. The company’s property management services include security, cleaning, gardening, repair, maintenance, and ancillary services to common area of residential and non-residential properties, such as commercial properties, office buildings, corporate headquarter buildings, public facilities, and industrial parks. It also offers value-added services to non-property owners comprising pre-delivery, consulting, and community space services, primarily to property developers. In addition, the company provides value-added services to property owners, which include community value-added, customized interior furnishing, and property agent services; and personal training at club houses, business center and/or parking lot management services, and customized interior furnishing services. It serves property owners and residents, property developers, and property management companies. The company was founded in 1995 and is headquartered in Hangzhou, China.

Details
Name: Binjiang Services Group Co. Ltd.
3316
Exchange: SEHK
Founded: 1995
HK$1,968,017,840
276,407,000
Website: http://www.hzbjwy.com
Address: Binjiang Services Group Co. Ltd.
New Town Times Square,
Block 1,
Hangzhou,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 3316 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 15. Mar 2019
Number of employees
Current staff
Staff numbers
3,776
Binjiang Services Group employees.
Industry
Diversified Support Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/17 13:07
End of day share price update: 2019/06/14 00:00
Last earnings filing: 2019/04/26
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.