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 reasonable growth potential.


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

0.2%

SEHK:2313

1.5%

HK Luxury

2.5%

HK Market


1 Year Return

19.5%

SEHK:2313

10.5%

HK Luxury

-3.9%

HK Market

2313 outperformed the Luxury industry which returned 10.5% over the past year.

2313 outperformed the Market in Hong Kong which returned -3.9% over the past year.


Share holder returns

2313IndustryMarket
7 Day0.2%1.5%2.5%
30 Day6.9%8.3%7.6%
90 Day15.8%13.1%0.8%
1 Year21.6%19.5%14.2%10.5%-0.4%-3.9%
3 Year131.6%116.1%40.3%23.4%19.6%7.6%
5 Year434.7%372.1%39.6%12.2%17.7%-1.7%

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 based on future cash flows and its price relative to the stock market?

32.05x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Shenzhou International Group Holdings's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Shenzhou International Group Holdings's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Shenzhou International Group Holdings is overvalued based on earnings compared to the HK Luxury industry average.

Shenzhou International Group Holdings is overvalued based on earnings compared to the Hong Kong market.


Price Based on Expected Growth

Shenzhou International Group Holdings is poor value based on expected growth next year.


Price Based on Value of Assets

Shenzhou International Group Holdings is overvalued based on assets compared to the HK Luxury industry average.


Next Steps

Future Growth

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

19.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Shenzhou International Group Holdings's revenue is expected to grow by 14.9% yearly, however this is not considered high growth (20% yearly).

Shenzhou International Group Holdings's earnings are expected to grow by 19.6% yearly, however this is not considered high growth (20% yearly).

Shenzhou International Group Holdings's revenue growth is expected to exceed the Hong Kong market average.

Shenzhou International Group Holdings's earnings growth is expected to exceed the Hong Kong market average.

Shenzhou International Group Holdings's earnings growth is expected to exceed the low risk savings rate of 2%.


Earnings per Share Growth Estimates


Future Return on Equity

Shenzhou International Group Holdings is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).


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

Shenzhou International Group Holdings's year on year earnings growth rate has been positive over the past 5 years.

Shenzhou International Group Holdings's 1-year earnings growth is less than its 5-year average (15.3% vs 19.7%)

Shenzhou International Group Holdings's earnings growth has exceeded the HK Luxury industry average in the past year (15.3% vs -4.9%).


Return on Equity

Shenzhou International Group Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Shenzhou International Group Holdings used its assets more efficiently than the HK Luxury industry average last year based on Return on Assets.


Return on Capital Employed

Shenzhou International Group Holdings has improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Shenzhou International Group Holdings's financial position?


Financial Position Analysis

Shenzhou International Group Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Shenzhou International Group Holdings's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Shenzhou International Group Holdings's level of debt (10.6%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (26.7% vs 10.6% today).

Debt is well covered by operating cash flow (164.6%, greater than 20% of total debt).

Shenzhou International Group Holdings earns more interest than it pays, coverage of interest payments is not a concern.


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 7.3x debt.


Next Steps

Dividend

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

2.20%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Shenzhou International Group Holdings's pays a lower dividend yield than the bottom 25% of dividend payers in Hong Kong (2.19%).

Shenzhou International Group Holdings's dividend is below the markets top 25% of dividend payers in Hong Kong (6.07%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are covered by earnings (2x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be covered by earnings (1.8x coverage).


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?

6.4yrs

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

Guanlin's remuneration is lower than average for companies of similar size in Hong Kong.

Guanlin's compensation has been consistent with company performance over the past year, both up more than 20%.


Board Age and Tenure

6.4yrs

Average Tenure

55yo

Average Age

The tenure for the Shenzhou International Group Holdings board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

SellCN¥40,291,67914 Dec 18
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JPMorgan Chase & Co, Brokerage and Securities Investments
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Max PriceCN¥98.25
SellCN¥98,24612 Dec 18
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SellCN¥3,831,60612 Dec 18
JPMorgan Chase & Co, Private Banking and Investment Banking Investments
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Shares39,000
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SellCN¥78,000,69511 Dec 18
JPMorgan Chase & Co, Private Banking and Investment Banking Investments
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Shares806,997
Max PriceCN¥96.66

Ownership Breakdown


Management Team

  • Kenji Chan (48yo)

    Financial Controller & Company Secretary

    • Tenure: 11yrs
  • Cunbo Wang (47yo)

    Deputy GM

    • Tenure: 8.7yrs
    • Compensation: CN¥1.07m
  • Renhe Ma (59yo)

    Deputy GM & Executive Director

    • Tenure: 14.2yrs
    • 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: 8.7yrs
    • Compensation: CN¥1.07m
  • Renhe Ma (59yo)

    Deputy GM & Executive Director

    • Tenure: 14.2yrs
    • 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: 6.4yrs
    • 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: 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$169.263b
  • 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 Analysis2019/09/14 12:46
End of Day Share Price2019/09/13 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.