SEHK:2313

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Shenzhou International Group Holdings

Executive Summary

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


Snowflake Analysis

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

Stable Share Price: 2313's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-0.5%

2313

1.5%

HK Luxury

-1.0%

HK Market


1 Year Return

22.8%

2313

6.0%

HK Luxury

0.4%

HK Market

Return vs Industry: 2313 exceeded the Hong Kong Luxury industry which returned 7.5% over the past year.

Return vs Market: 2313 exceeded the Hong Kong Market which returned 1.4% over the past year.


Shareholder returns

2313IndustryMarket
7 Day-0.5%1.5%-1.0%
30 Day15.7%2.6%-3.2%
90 Day27.4%13.7%1.4%
1 Year25.0%22.8%8.1%6.0%4.5%0.4%
3 Year124.1%112.6%40.8%28.2%-3.9%-14.2%
5 Year258.7%219.8%64.5%40.3%22.7%2.0%

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?

32.16x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 2313 (HK$126.5) is trading above our estimate of fair value (HK$76.01)

Significantly Below Fair Value: 2313 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 2313 is poor value based on its PE Ratio (32.2x) compared to the HK Luxury industry average (11x).

PE vs Market: 2313 is poor value based on its PE Ratio (32.2x) compared to the Hong Kong market (11.2x).


Price to Earnings Growth Ratio

PEG Ratio: 2313 is poor value based on its PEG Ratio (1.9x)


Price to Book Ratio

PB vs Industry: 2313 is overvalued based on its PB Ratio (6.3x) compared to the HK Luxury industry average (0.7x).


Next Steps

Future Growth

How is Shenzhou International Group Holdings forecast to perform in the next 1 to 3 years based on estimates from 24 analysts?

16.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 2313's forecast earnings growth (16.7% per year) is above the savings rate (1.6%).

Earnings vs Market: 2313's earnings (16.7% per year) are forecast to grow slower than the Hong Kong market (22.6% per year).

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

Revenue vs Market: 2313's revenue (14.3% per year) is forecast to grow faster than the Hong Kong market (13.2% per year).

High Growth Revenue: 2313's revenue (14.3% 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 (21.5%)


Next Steps

Past Performance

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

17.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 2313 has high quality earnings.

Growing Profit Margin: 2313's current net profit margins (23%) are higher than last year (21.7%).


Past Earnings Growth Analysis

Earnings Trend: 2313's earnings have grown by 17.8% per year over the past 5 years.

Accelerating Growth: 2313's earnings growth over the past year (8.6%) is below its 5-year average (17.8% per year).

Earnings vs Industry: 2313 earnings growth over the past year (8.6%) exceeded the Luxury industry -36.3%.


Return on Equity

High ROE: 2313's Return on Equity (19.3%) is considered low.


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¥22.6B) exceed its short term liabilities (CN¥7.5B).

Long Term Liabilities: 2313's short term assets (CN¥22.6B) exceed its long term liabilities (CN¥1.4B).


Debt to Equity History and Analysis

Debt Level: 2313's debt to equity ratio (25.6%) is considered satisfactory.

Reducing Debt: 2313's debt to equity ratio has reduced from 34.2% to 25.6% over the past 5 years.

Debt Coverage: 2313's debt is well covered by operating cash flow (82.9%).

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


Balance Sheet


Next Steps

Dividend

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

1.57%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 2313's dividend (1.57%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.26%).

High Dividend: 2313's dividend (1.57%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.89%).


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.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (50%), 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 (52.9% payout ratio).


Next Steps

Management

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

7.4yrs

Average board tenure


CEO

Guanlin Huang (55 yo)

no data

Tenure

CN¥1,343,000

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 ($USD197.35K) is below average for companies of similar size in the Hong Kong market ($USD805.95K).

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


Board Members

NamePositionTenureCompensationOwnership
Jianrong Ma
Executive Chairman of the Boardno dataCN¥1.30m44.76%
CN¥ 85.1b
Guanlin Huang
CEO, GM & Executive Directorno dataCN¥1.34mno data
Cunbo Wang
Deputy GM9.67yrsCN¥1.11mno data
Renhe Ma
Deputy GM & Executive Director15.17yrsCN¥1.16mno data
Zhifen Chen
Deputy GM & Executive Director6.75yrsCN¥1.09mno data
Xianpin Jiang
Independent Non-Executive Directorno dataCN¥134.00kno data
Weiguo Qiu
Independent Non-Executive Director7.42yrsCN¥38.00kno data
Xu Chen
Independent Non-Executive Director6.75yrsCN¥38.00kno data
Bingsheng Zhang
Independent Non-Executive Director2yrsCN¥134.00kno data

7.4yrs

Average Tenure

56yo

Average Age

Experienced Board: 2313's board of directors are considered experienced (7.4 years average tenure).


Ownership

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


Insider Trading Volume

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


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

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$190.158b
  • Shares outstanding: 1.50b
  • Website: https://www.shenzhouintl.com

Number of Employees


Location

  • Shenzhou International Group Holdings Limited
  • Ningbo Eco & Technical Dev Zn
  • 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. The company also produces and sells sportswear, casual wea ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/21 19:50
End of Day Share Price2020/09/21 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.