company background image
2313

Shenzhou International Group Holdings SEHK:2313 Stock Report

Last Price

HK$59.10

Market Cap

HK$92.2b

7D

-12.7%

1Y

-63.3%

Updated

03 Oct, 2022

Data

Company Financials +
2313 fundamental analysis
Snowflake Score
Valuation3/6
Future Growth5/6
Past Performance2/6
Financial Health5/6
Dividends2/6

2313 Stock Overview

Shenzhou International Group Holdings Limited, an investment holding company, engages in manufacturing, processing, and selling knitwear products.

Shenzhou International Group Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Shenzhou International Group Holdings
Historical stock prices
Current Share PriceHK$59.10
52 Week HighHK$175.50
52 Week LowHK$59.20
Beta0.91
1 Month Change-22.24%
3 Month Change-35.06%
1 Year Change-63.34%
3 Year Change-43.17%
5 Year Change-6.64%
Change since IPO2,029.73%

Recent News & Updates

Sep 09
There Are Reasons To Feel Uneasy About Shenzhou International Group Holdings' (HKG:2313) Returns On Capital

There Are Reasons To Feel Uneasy About Shenzhou International Group Holdings' (HKG:2313) Returns On Capital

What are the early trends we should look for to identify a stock that could multiply in value over the long term? In a...

Aug 28
Shenzhou International Group Holdings (HKG:2313) Has Affirmed Its Dividend Of CN¥1.06

Shenzhou International Group Holdings (HKG:2313) Has Affirmed Its Dividend Of CN¥1.06

Shenzhou International Group Holdings Limited ( HKG:2313 ) has announced that it will pay a dividend of CN¥1.06 per...

Aug 25
Is It Time To Consider Buying Shenzhou International Group Holdings Limited (HKG:2313)?

Is It Time To Consider Buying Shenzhou International Group Holdings Limited (HKG:2313)?

Today we're going to take a look at the well-established Shenzhou International Group Holdings Limited ( HKG:2313...

Shareholder Returns

2313HK LuxuryHK Market
7D-12.7%-4.9%-4.4%
1Y-63.3%-38.6%-28.8%

Return vs Industry: 2313 underperformed the Hong Kong Luxury industry which returned -38.6% over the past year.

Return vs Market: 2313 underperformed the Hong Kong Market which returned -28.8% over the past year.

Price Volatility

Is 2313's price volatile compared to industry and market?
2313 volatility
2313 Average Weekly Movement5.7%
Luxury Industry Average Movement5.8%
Market Average Movement6.5%
10% most volatile stocks in HK Market12.7%
10% least volatile stocks in HK Market3.1%

Stable Share Price: 2313 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 2313's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2005105,100Guanlin Huanghttps://www.shenzhouintl.com

Shenzhou International Group Holdings Limited, an investment holding company, engages in manufacturing, processing, and selling knitwear products. It produces and sells sportswear, casual wear, and lingerie wear. The company is also involved in the import and export of commodities; quality check of garments; print and sale of knitwear products; trading and retail businesses; aircraft leasing; and property management and leasing activities.

Shenzhou International Group Holdings Fundamentals Summary

How do Shenzhou International Group Holdings's earnings and revenue compare to its market cap?
2313 fundamental statistics
Market CapHK$92.22b
Earnings (TTM)HK$3.88b
Revenue (TTM)HK$28.76b

22.9x

P/E Ratio

3.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
2313 income statement (TTM)
RevenueCN¥26.07b
Cost of RevenueCN¥20.59b
Gross ProfitCN¥5.48b
Other ExpensesCN¥1.97b
EarningsCN¥3.51b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)2.34
Gross Margin21.03%
Net Profit Margin13.47%
Debt/Equity Ratio33.4%

How did 2313 perform over the long term?

See historical performance and comparison

Dividends

2.7%

Current Dividend Yield

59%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 2313 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2313?

Other financial metrics that can be useful for relative valuation.

2313 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue3x
Enterprise Value/EBITDA18x
PEG Ratio1.1x

Price to Earnings Ratio vs Peers

How does 2313's PE Ratio compare to its peers?

2313 PE Ratio vs Peers
The above table shows the PE ratio for 2313 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average27.8x
1913 Prada
31.4x20.3%HK$93.1b
3998 Bosideng International Holdings
18.5x16.5%HK$42.1b
2331 Li Ning
33.6x22.6%HK$157.2b
2020 ANTA Sports Products
27.4x18.8%HK$225.8b
2313 Shenzhou International Group Holdings
23.8x20.2%HK$92.2b

Price-To-Earnings vs Peers: 2313 is good value based on its Price-To-Earnings Ratio (22.9x) compared to the peer average (27.8x).


Price to Earnings Ratio vs Industry

How does 2313's PE Ratio compare vs other companies in the HK Luxury Industry?

Price-To-Earnings vs Industry: 2313 is expensive based on its Price-To-Earnings Ratio (22.9x) compared to the Hong Kong Luxury industry average (9.1x)


Price to Earnings Ratio vs Fair Ratio

What is 2313's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

2313 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio22.9x
Fair PE Ratio16.6x

Price-To-Earnings vs Fair Ratio: 2313 is expensive based on its Price-To-Earnings Ratio (22.9x) compared to the estimated Fair Price-To-Earnings Ratio (16.6x).


Share Price vs Fair Value

What is the Fair Price of 2313 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2313 (HK$59.1) is trading below our estimate of fair value (HK$124.95)

Significantly Below Fair Value: 2313 is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


Discover undervalued companies

Future Growth

How is Shenzhou International Group Holdings forecast to perform in the next 1 to 3 years based on estimates from 27 analysts?

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


20.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 2313's forecast earnings growth (20.2% per year) is above the savings rate (1.6%).

Earnings vs Market: 2313's earnings (20.2% per year) are forecast to grow faster than the Hong Kong market (16.8% per year).

High Growth Earnings: 2313's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 2313's revenue (13.7% per year) is forecast to grow faster than the Hong Kong market (9.7% per year).

High Growth Revenue: 2313's revenue (13.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 2313's Return on Equity is forecast to be high in 3 years time (22.4%)


Discover growth companies

Past Performance

How has Shenzhou International Group Holdings performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


1.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 2313 has high quality earnings.

Growing Profit Margin: 2313's current net profit margins (13.5%) are lower than last year (19.9%).


Past Earnings Growth Analysis

Earnings Trend: 2313's earnings have grown by 1.3% per year over the past 5 years.

Accelerating Growth: 2313's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 2313 had negative earnings growth (-27.1%) over the past year, making it difficult to compare to the Luxury industry average (-11.4%).


Return on Equity

High ROE: 2313's Return on Equity (11.8%) is considered low.


Discover strong past performing companies

Financial Health

How is Shenzhou International Group Holdings's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 2313's short term assets (CN¥28.1B) exceed its short term liabilities (CN¥12.8B).

Long Term Liabilities: 2313's short term assets (CN¥28.1B) exceed its long term liabilities (CN¥830.1M).


Debt to Equity History and Analysis

Debt Level: 2313 has more cash than its total debt.

Reducing Debt: 2313's debt to equity ratio has increased from 11.9% to 33.4% over the past 5 years.

Debt Coverage: 2313's debt is well covered by operating cash flow (24.3%).

Interest Coverage: 2313 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Discover healthy companies

Dividend

What is Shenzhou International Group Holdings's current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


2.67%

Current Dividend Yield

Dividend Yield vs Market

Shenzhou International Group Holdings Dividend Yield vs Market
How does Shenzhou International Group Holdings dividend yield compare to the market?
SegmentDividend Yield
Company (Shenzhou International Group Holdings)2.7%
Market Bottom 25% (HK)3.0%
Market Top 25% (HK)9.0%
Industry Average (Luxury)2.7%
Analyst forecast in 3 Years (Shenzhou International Group Holdings)4.3%

Notable Dividend: 2313's dividend (2.67%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (3.01%).

High Dividend: 2313's dividend (2.67%) is low compared to the top 25% of dividend payers in the Hong Kong market (8.95%).


Stability and Growth of Payments

Stable Dividend: 2313's dividend payments have been volatile in the past 10 years.

Growing Dividend: 2313's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (59%), 2313's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (320.1%), 2313's dividend payments are not well covered by cash flows.


Discover strong dividend paying companies

Management

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

10.5yrs

Average board tenure


CEO

Guanlin Huang (57 yo)

17.25yrs

Tenure

CN¥4,424,000

Compensation

Mr. Guanlin Huang has been General Manager of Shenzhou International Group Holdings Ltd. since July 12,2005 and serves as its Chief Executive Officer. Mr. Huang is responsible for the daily operations of S...


CEO Compensation Analysis

Guanlin Huang's Compensation vs Shenzhou International Group Holdings Earnings
How has Guanlin Huang's remuneration changed compared to Shenzhou International Group Holdings's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

CN¥4b

Mar 31 2022n/an/a

CN¥3b

Dec 31 2021CN¥4mCN¥4m

CN¥3b

Sep 30 2021n/an/a

CN¥4b

Jun 30 2021n/an/a

CN¥5b

Mar 31 2021n/an/a

CN¥5b

Dec 31 2020CN¥4mCN¥4m

CN¥5b

Sep 30 2020n/an/a

CN¥5b

Jun 30 2020n/an/a

CN¥5b

Mar 31 2020n/an/a

CN¥5b

Dec 31 2019CN¥1mCN¥1m

CN¥5b

Sep 30 2019n/an/a

CN¥5b

Jun 30 2019n/an/a

CN¥5b

Mar 31 2019n/an/a

CN¥5b

Dec 31 2018CN¥1mCN¥1m

CN¥5b

Sep 30 2018n/an/a

CN¥4b

Jun 30 2018n/an/a

CN¥4b

Mar 31 2018n/an/a

CN¥4b

Dec 31 2017CN¥1mCN¥1m

CN¥4b

Sep 30 2017n/an/a

CN¥4b

Jun 30 2017n/an/a

CN¥3b

Mar 31 2017n/an/a

CN¥3b

Dec 31 2016CN¥1mCN¥1m

CN¥3b

Sep 30 2016n/an/a

CN¥3b

Jun 30 2016n/an/a

CN¥3b

Mar 31 2016n/an/a

CN¥3b

Dec 31 2015CN¥1mCN¥1m

CN¥2b

Compensation vs Market: Guanlin's total compensation ($USD621.85K) is below average for companies of similar size in the Hong Kong market ($USD935.09K).

Compensation vs Earnings: Guanlin's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: 2313's board of directors are seasoned and experienced ( 10.5 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: 2313 insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SEHK:2313 Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
11 Jul 22BuyHK$211,911,057Fairco Group LimitedCompany2,521,250HK$84.05
11 Jul 22SellHK$211,911,057Jianrong MaIndividual2,521,250HK$84.05

Ownership Breakdown

What is the ownership structure of 2313?
Owner TypeNumber of SharesOwnership Percentage
Private Companies74,196,2504.9%
General Public369,379,35024.6%
Institutions422,839,84728.1%
Individual Insiders636,806,95042.4%

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


Top Shareholders

Top 25 shareholders own 63.6% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
42.36%
Jianrong Ma
636,806,950CN¥37.6b-0.39%no data
4.94%
Fairco Group Limited
74,196,250CN¥4.4b0%no data
2.17%
BlackRock, Inc.
32,558,369CN¥1.9b1.56%0.01%
2.13%
The Vanguard Group, Inc.
32,090,555CN¥1.9b1.31%0.01%
1.92%
WCM Investment Management, LLC
28,852,850CN¥1.7b-6.98%0.54%
1.28%
J.P. Morgan Asset Management, Inc.
19,315,931CN¥1.1b0%0.03%
1.05%
Fidelity International Ltd
15,849,302CN¥936.7m0%0.07%
1.02%
Morgan Stanley Investment Management Inc.
15,375,400CN¥908.7m3.67%0.1%
0.68%
State Street Global Advisors, Inc.
10,158,179CN¥600.3m8.45%no data
0.64%
Schroder Investment Management (Singapore) Ltd
9,630,500CN¥569.2m0%0.52%
0.58%
abrdn plc
8,793,511CN¥519.7m0%0.07%
0.54%
Schroder Investment Management Limited
8,114,360CN¥479.6m0.01%0.05%
0.45%
Vontobel Asset Management, Inc.
6,707,236CN¥396.4m-8.33%0.19%
0.4%
Hang Seng Investment Management Limited
5,945,741CN¥351.4m3.25%0.6%
0.38%
Shanghai Orient Securities Asset Management Co., Ltd.
5,697,375CN¥336.7m0%0.33%
0.34%
Baillie Gifford & Co.
5,042,200CN¥298.0m2.77%0.02%
0.33%
Harding Loevner LP
4,955,260CN¥292.9m5.38%0.11%
0.31%
Baron Capital Group, Inc.
4,673,961CN¥276.2m-7.49%0.1%
0.31%
Goldman Sachs Asset Management, L.P.
4,652,269CN¥274.9m-0.18%0.02%
0.31%
Columbia Management Investment Advisers, LLC
4,631,523CN¥273.7m-0.26%0.01%
0.3%
PineBridge Investments LLC
4,545,819CN¥268.7m0%0.29%
0.3%
Geode Capital Management, LLC
4,511,152CN¥266.6m0.85%no data
0.3%
Capital Research and Management Company
4,509,200CN¥266.5m0%no data
0.29%
Dimensional Fund Advisors LP
4,373,979CN¥258.5m18.2%0.01%
0.27%
First Sentier Investors (Australia) IM Ltd
4,041,900CN¥238.9m0%0.07%

Company Information

Shenzhou International Group Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Shenzhou International Group Holdings Limited
  • Ticker: 2313
  • Exchange: SEHK
  • Founded: 2005
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Implied Market Cap: HK$92.223b
  • Shares outstanding: 1.50b
  • Website: https://www.shenzhouintl.com

Number of Employees


Location

  • Shenzhou International Group Holdings Limited
  • Billion Plaza
  • Unit 2708, 27th Floor
  • Kowloon
  • Kowloon
  • Hong Kong


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
2313SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDNov 2005
SZHI.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDNov 2005
2313SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesOrdinary SharesHKHKDNov 2005
2313SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesOrdinary SharesHKHKDNov 2005
S6LDB (Deutsche Boerse AG)YesOrdinary SharesDEEURNov 2005
SHZH.YOTCPK (Pink Sheets LLC)UNSPONSORD ADRUSUSDDec 2016

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/03 00:00
End of Day Share Price2022/10/03 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.