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1890

China Kepei Education Group SEHK:1890 Stock Report

Last Price

HK$1.97

Market Cap

HK$4.0b

7D

2.1%

1Y

-62.5%

Updated

25 Jun, 2022

Data

Company Financials +
1890 fundamental analysis
Snowflake Score
Valuation5/6
Future Growth4/6
Past Performance1/6
Financial Health3/6
Dividends2/6

1890 Stock Overview

China Kepei Education Group Limited, an investment holding company, provides private higher education services focusing on profession-oriented education.

China Kepei Education Group Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for China Kepei Education Group
Historical stock prices
Current Share PriceHK$1.97
52 Week HighHK$5.79
52 Week LowHK$1.54
Beta0.85
1 Month Change24.68%
3 Month Change-8.37%
1 Year Change-62.48%
3 Year Change-45.73%
5 Year Changen/a
Change since IPO-21.51%

Recent News & Updates

Mar 15
What Does China Kepei Education Group Limited's (HKG:1890) Share Price Indicate?

What Does China Kepei Education Group Limited's (HKG:1890) Share Price Indicate?

China Kepei Education Group Limited ( HKG:1890 ), is not the largest company out there, but it saw significant share...

Shareholder Returns

1890HK Consumer ServicesHK Market
7D2.1%-6.7%2.1%
1Y-62.5%-51.6%-23.3%

Return vs Industry: 1890 underperformed the Hong Kong Consumer Services industry which returned -51.6% over the past year.

Return vs Market: 1890 underperformed the Hong Kong Market which returned -23.3% over the past year.

Price Volatility

Is 1890's price volatile compared to industry and market?
1890 volatility
1890 Average Weekly Movement7.2%
Consumer Services Industry Average Movement8.9%
Market Average Movement7.0%
10% most volatile stocks in HK Market13.8%
10% least volatile stocks in HK Market3.3%

Stable Share Price: 1890 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: 1890's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20003,413Nianqiao Yehttps://www.chinakepeiedu.com

China Kepei Education Group Limited, an investment holding company, provides private higher education services focusing on profession-oriented education. The company operates Guangdong Polytechnic College, a degree-granting undergraduate-level education institution that offers 33 undergraduate majors and 26 junior college majors in a range of subject areas, including computer science and technology, electrical engineering and automation, and electronic information engineering and mechanical design; Zhaoqing Science and Technology Secondary Vocational School, a secondary vocational school, which provides secondary vocational education in 12 majors that consists of new energy, automobile servicing, childhood healthcare, and electromechanical technology applications; and Harbin Institute of Petroleum, a degree-granting undergraduate-level education institution that offers 32 undergraduate majors in various subject areas comprising mechatronic engineering, computer science and technology, petroleum engineering, Internet of Things, and electronic information engineering, as well as adult education programs. It also operates Huaibei Polytechnic College, a degree-granting undergraduate-level education institution, which offers 11 undergraduate majors in a range of subject areas, such as electronic and information engineering, and e-commerce.

China Kepei Education Group Fundamentals Summary

How do China Kepei Education Group's earnings and revenue compare to its market cap?
1890 fundamental statistics
Market CapCN¥3.38b
Earnings (TTM)CN¥408.23m
Revenue (TTM)CN¥1.01b

8.3x

P/E Ratio

3.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
1890 income statement (TTM)
RevenueCN¥1.01b
Cost of RevenueCN¥370.53m
Gross ProfitCN¥636.41m
Other ExpensesCN¥228.18m
EarningsCN¥408.23m

Last Reported Earnings

Aug 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.20
Gross Margin63.20%
Net Profit Margin40.54%
Debt/Equity Ratio51.8%

How did 1890 perform over the long term?

See historical performance and comparison

Dividends

6.0%

Current Dividend Yield

37%

Payout Ratio

Does 1890 pay a reliable dividends?

See 1890 dividend history and benchmarks
When do you need to buy 1890 by to receive an upcoming dividend?
China Kepei Education Group dividend dates
Ex Dividend DateAug 15 2022
Dividend Pay DateAug 31 2022
Days until Ex dividend50 days
Days until Dividend pay date66 days

Does 1890 pay a reliable dividends?

See 1890 dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

Is 1890 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1890?

Other financial metrics that can be useful for relative valuation.

1890 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/Revenue3.8x
Enterprise Value/EBITDA6.8x
PEG Ratio0.4x

Price to Earnings Ratio vs Peers

How does 1890's PE Ratio compare to its peers?

1890 PE Ratio vs Peers
The above table shows the PE ratio for 1890 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average5.9x

Price-To-Earnings vs Peers: 1890 is expensive based on its Price-To-Earnings Ratio (8.3x) compared to the peer average (5.9x).


Price to Earnings Ratio vs Industry

How does 1890's PE Ratio compare vs other companies in the Hong Kong Consumer Services Industry?

Price-To-Earnings vs Industry: 1890 is good value based on its Price-To-Earnings Ratio (8.3x) compared to the Hong Kong Consumer Services industry average (8.3x)


Price to Earnings Ratio vs Fair Ratio

What is 1890'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.

1890 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.3x
Fair PE Ratio11.8x

Price-To-Earnings vs Fair Ratio: 1890 is good value based on its Price-To-Earnings Ratio (8.3x) compared to the estimated Fair Price-To-Earnings Ratio (11.8x).


Share Price vs Fair Value

What is the Fair Price of 1890 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 1890 (HK$1.97) is trading below our estimate of fair value (HK$14.13)

Significantly Below Fair Value: 1890 is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: 1890 is good value based on its PEG Ratio (0.4x)


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Future Growth

How is China Kepei Education Group forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


22.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1890's forecast earnings growth (22.6% per year) is above the savings rate (1.5%).

Earnings vs Market: 1890's earnings (22.6% per year) are forecast to grow faster than the Hong Kong market (17% per year).

High Growth Earnings: 1890's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 1890's revenue (19.5% per year) is forecast to grow faster than the Hong Kong market (10.2% per year).

High Growth Revenue: 1890's revenue (19.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 1890's Return on Equity is forecast to be low in 3 years time (19.2%).


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Past Performance

How has China Kepei Education Group performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


20.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 1890 has a high level of non-cash earnings.

Growing Profit Margin: 1890's current net profit margins (40.5%) are lower than last year (67.5%).


Past Earnings Growth Analysis

Earnings Trend: 1890's earnings have grown significantly by 20.2% per year over the past 5 years.

Accelerating Growth: 1890's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 1890 had negative earnings growth (-24.9%) over the past year, making it difficult to compare to the Consumer Services industry average (17.3%).


Return on Equity

High ROE: 1890's Return on Equity (12.6%) is considered low.


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Financial Health

How is China Kepei Education Group's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 1890's short term assets (CN¥1.5B) do not cover its short term liabilities (CN¥2.8B).

Long Term Liabilities: 1890's short term assets (CN¥1.5B) exceed its long term liabilities (CN¥697.1M).


Debt to Equity History and Analysis

Debt Level: 1890's net debt to equity ratio (11.5%) is considered satisfactory.

Reducing Debt: 1890's debt to equity ratio has increased from 26.1% to 51.8% over the past 5 years.

Debt Coverage: 1890's debt is not well covered by operating cash flow (10.9%).

Interest Coverage: 1890's interest payments on its debt are well covered by EBIT (15.7x coverage).


Balance Sheet


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Dividend

What is China Kepei Education Group current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


6.02%

Current Dividend Yield

Upcoming Dividend Payment

TodayJun 25 2022Ex Dividend DateAug 15 2022Dividend Pay DateAug 31 202216 days from Ex DividendBuy in the next 50 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: 1890's dividend (6.02%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.74%).

High Dividend: 1890's dividend (6.02%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.89%).


Stability and Growth of Payments

Stable Dividend: 1890 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 1890's dividend payments have increased, but the company has only paid a dividend for 3 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (36.6%), 1890's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Insufficient data to calculate cash payout ratio to determine if its dividend payments are covered by cash flows.


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Management

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

4.6yrs

Average management tenure


CEO

Nianqiao Ye (57 yo)

4.58yrs

Tenure

CN¥1,232,000

Compensation

Mr. Nianqiao Ye serves as an Executive Director, the Chairman of the Board and the General Manager of China Kepei Education Group Limited August 2017, and as its Chief Executive Officer since November 26,...


CEO Compensation Analysis

Compensation vs Market: Nianqiao's total compensation ($USD184.17K) is below average for companies of similar size in the Hong Kong market ($USD385.50K).

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


Leadership Team

Experienced Management: 1890's management team is considered experienced (4.6 years average tenure).


Board Members

Experienced Board: 1890's board of directors are considered experienced (4.7 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

China Kepei Education Group Limited's employee growth, exchange listings and data sources


Key Information

  • Name: China Kepei Education Group Limited
  • Ticker: 1890
  • Exchange: SEHK
  • Founded: 2000
  • Industry: Education Services
  • Sector: Consumer Services
  • Implied Market Cap: HK$3.970b
  • Shares outstanding: 2.02b
  • Website: https://www.chinakepeiedu.com

Number of Employees


Location

  • China Kepei Education Group Limited
  • Qifu Road
  • Gaoyao District
  • Zhaoqing
  • Guangdong Province
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/25 00:00
End of Day Share Price2022/06/24 00:00
Earnings2021/08/31
Annual Earnings2021/08/31


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.