SEHK:2313

Stock Analysis Report

Shenzhou International Group Holdings

Executive Summary

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

Snowflake

Fundamentals

Flawless balance sheet with proven track record.


Similar Companies

Share Price & News

How has Shenzhou International Group Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

5.8%

2313

4.2%

HK Luxury

3.1%

HK Market


1 Year Return

27.8%

2313

25.5%

HK Luxury

0.5%

HK Market

Return vs Industry: 2313 exceeded the Hong Kong Luxury industry which returned 25.5% over the past year.

Return vs Market: 2313 exceeded the Hong Kong Market which returned 0.5% over the past year.


Shareholder returns

2313IndustryMarket
7 Day5.8%4.2%3.1%
30 Day1.1%3.4%-1.8%
90 Day-1.4%6.2%-4.8%
1 Year30.2%27.8%29.9%25.5%4.1%0.5%
3 Year125.3%110.3%44.2%27.1%15.8%4.2%
5 Year357.2%303.7%42.7%14.6%18.9%-0.9%

Price Volatility Vs. Market

How volatile is Shenzhou International Group Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Shenzhou International Group Holdings undervalued compared to its fair value and its price relative to the market?

7.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: 2313 (HK$108.6) is trading below our estimate of fair value (HK$116.98)

Significantly Undervalued: 2313 is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: 2313 is poor value based on its PE Ratio (30.9x) compared to the Luxury industry average (9.3x).

PE vs Market: 2313 is poor value based on its PE Ratio (30.9x) compared to the Hong Kong market (10.3x).


Price to Earnings Growth Ratio

Low PEG Ratio: 2313 is poor value based on its PEG Ratio (1.6x)


Price to Book Ratio

PB vs Industry: 2313 is overvalued based on its PB Ratio (6.3x) compared to the HK Luxury industry average (0.9x).


Next Steps

Future Growth

How is Shenzhou International Group Holdings forecast to perform in the next 1 to 3 years based on estimates from 23 analysts?

19.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 2313's forecast earnings growth (19.5% per year) is above the savings rate (2%).

Earnings vs Market: 2313's earnings (19.5% per year) are forecast to grow faster than the Hong Kong market (11.3% per year).

High Growth Earnings: 2313's earnings are forecast to grow, but not significantly.

Revenue vs Market: 2313's revenue (17.2% per year) is forecast to grow faster than the Hong Kong market (10% per year).

High Growth Revenue: 2313's revenue (17.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: 2313's Return on Equity is forecast to be high in 3 years time (24.4%)


Next Steps

Past Performance

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

19.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 2313's earnings have grown by 19.7% per year over the past 5 years.

Accelerating Growth: 2313's earnings growth over the past year (15.3%) is below its 5-year average (19.7% per year).

Earnings vs Industry: 2313 earnings growth over the past year (15.3%) exceeded the Luxury industry -4.9%.


Return on Equity

High ROE: 2313's Return on Equity (19.8%) is considered low.


Return on Assets

ROA vs Industry: 2313 has a higher Return on Assets than the Luxury industry average last year.


Return on Capital Employed

ROCE Improving: 2313 has improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Shenzhou International Group Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 2313's short term assets (CN¥18.2B) exceeds its short term liabilities (CN¥4.3B)

Long Term Liabilities: 2313's short term assets (18.2B) exceeds its long term liabilities (396.6M)


Debt to Equity History and Analysis

Debt Level: 2313's debt to equity ratio (10.6%) is considered satisfactory

Reducing Debt: 2313's debt to equity ratio has reduced from 26.7% to 10.6% over the past 5 years.

Debt Coverage: 2313's debt is well covered by operating cash flow (188.1%).

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


Balance Sheet

Inventory Level: 2313 has a high level of physical assets or inventory.

Debt Coverage by Assets: 2313's debt is covered by short term assets (assets are 7.261360x debt).


Next Steps

Dividend

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

1.61%

Current Dividend Yield


Dividend Yield vs Market

company1.6%marketbottom25%2.3%markettop25%6.3%industryaverage2.7%forecastin3Years2.3%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: 2313's dividend (1.61%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.27%).

High Dividend: 2313's dividend (1.61%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.25%).

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.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (50.7%), 2313's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 2313's dividends in 3 years are forecast to be covered by earnings (54.4% payout ratio).


Next Steps

Management

What is the CEO of Shenzhou International Group Holdings's salary, the management and board of directors tenure and is there insider trading?

6.5yrs

Average board tenure


CEO

Guanlin Huang (54yo)

0yrs

Tenure

CN¥1,405,000

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

Compensation vs. Market: Guanlin's total compensation ($USD198.08K) is below average for companies of similar size in the Hong Kong market ($USD803.55K).

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


Board Age and Tenure

6.5yrs

Average Tenure

55yo

Average Age

Experienced Board: 2313's board of directors are considered experienced (6.5 years average tenure).


Insider Trading

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


Recent Insider Transactions

SellCN¥40,291,67914 Dec 18
JPMorgan Chase & Co, Private Banking and Investment Banking Investments
EntityCompany
Shares417,118
Max PriceCN¥96.60
BuyCN¥1,210,49312 Dec 18
J.P. Morgan Asset Management, Inc.
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Shares12,321
Max PriceCN¥98.25
BuyCN¥589,47812 Dec 18
China International Fund Management Company Limited
EntityCompany
Shares6,000
Max PriceCN¥98.25
BuyCN¥3,112,34512 Dec 18
JPMorgan Chase & Co, Private Banking and Investment Banking Investments
EntityCompany
Shares31,679
Max PriceCN¥98.25
BuyCN¥93,134,64412 Dec 18
JPMorgan Chase & Co, Brokerage and Securities Investments
EntityCompany
Shares947,971
Max PriceCN¥98.25
SellCN¥98,24612 Dec 18
J.P. Morgan Asset Management, Inc.
EntityCompany
Shares1,000
Max PriceCN¥98.25
SellCN¥3,831,60612 Dec 18
JPMorgan Chase & Co, Private Banking and Investment Banking Investments
EntityCompany
Shares39,000
Max PriceCN¥98.25
SellCN¥78,000,69511 Dec 18
JPMorgan Chase & Co, Private Banking and Investment Banking Investments
EntityCompany
Shares806,997
Max PriceCN¥96.66

Ownership Breakdown


Management Team

  • Kenji Chan (48yo)

    Financial Controller & Company Secretary

    • Tenure: 11.1yrs
  • Cunbo Wang (47yo)

    Deputy GM

    • Tenure: 8.8yrs
    • Compensation: CN¥1.07m
  • Renhe Ma (59yo)

    Deputy GM & Executive Director

    • Tenure: 14.3yrs
    • Compensation: CN¥1.11m
  • Guanlin Huang (54yo)

    CEO, GM & Executive Director

    • Tenure: 0yrs
    • Compensation: CN¥1.41m
  • Jianrong Ma (55yo)

    Chairman of the Board

    • Tenure: 0yrs
    • Compensation: CN¥1.53m
  • Zhifen Chen (50yo)

    Deputy GM & Executive Director

    • Tenure: 5.8yrs
    • Compensation: CN¥1.14m

Board Members

  • Cunbo Wang (47yo)

    Deputy GM

    • Tenure: 8.8yrs
    • Compensation: CN¥1.07m
  • Renhe Ma (59yo)

    Deputy GM & Executive Director

    • Tenure: 14.3yrs
    • Compensation: CN¥1.11m
  • Guanlin Huang (54yo)

    CEO, GM & Executive Director

    • Tenure: 0yrs
    • Compensation: CN¥1.41m
  • Jianrong Ma (55yo)

    Chairman of the Board

    • Tenure: 0yrs
    • Compensation: CN¥1.53m
  • Zhifen Chen (50yo)

    Deputy GM & Executive Director

    • Tenure: 5.8yrs
    • Compensation: CN¥1.14m
  • Xianpin Jiang (54yo)

    Independent Non-Executive Director

    • Tenure: 0yrs
    • Compensation: CN¥135.00k
  • Weiguo Qiu (67yo)

    Independent Non-Executive Director

    • Tenure: 6.5yrs
    • Compensation: CN¥39.00k
  • Xu Chen (71yo)

    Independent Non-Executive Director

    • Tenure: 5.8yrs
    • Compensation: CN¥39.00k
  • Bingsheng Zhang (56yo)

    Independent Non-Executive Director

    • Tenure: 1.1yrs
    • Compensation: CN¥52.00k

Company Information

Shenzhou International Group Holdings Limited's company bio, 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
  • Market Cap: HK$162.949b
  • Shares outstanding: 1.50b
  • Website: https://www.shenzhouintl.com

Number of Employees


Location

  • Shenzhou International Group Holdings Limited
  • Ningbo Economic and Technical Development Zone
  • 18 Yongjiang Road
  • Ningbo
  • Zhejiang Province
  • China

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

Biography

Shenzhou International Group Holdings Limited, an investment holding company, engages in manufacturing, processing, and selling knitwear products. It focuses on producing sportswear, casual wear, and linge ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/17 12:41
End of Day Share Price2019/10/17 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.