SEHK:219

Stock Analysis Report

Shun Ho Property Investments

Executive Summary

Shun Ho Property Investments Limited, an investment holding company, invests in and operates hotels in Hong Kong, the People’s Republic of China, and the United Kingdom.

Snowflake

Fundamentals

Undervalued with adequate balance sheet.

Risks

  • Shun Ho Property Investments is not covered by any analysts.

Similar Companies

Share Price & News

How has Shun Ho Property Investments's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

5.9%

SEHK:219

3.4%

HK Hospitality

1.9%

HK Market


1 Year Return

1.1%

SEHK:219

-10.4%

HK Hospitality

-10.4%

HK Market

219 outperformed the Hospitality industry which returned -10.4% over the past year.

219 outperformed the Market in Hong Kong which returned -10.4% over the past year.


Share holder returns

219IndustryMarket
7 Day5.9%3.4%1.9%
30 Day-3.6%-8.7%-7.5%
90 Day-4.3%1.5%-4.4%
1 Year3.7%1.1%-7.3%-10.4%-7.2%-10.4%
3 Year4.6%-2.2%32.4%20.1%15.3%3.9%
5 Year37.4%26.2%-19.9%-32.5%10.1%-8.1%

Price Volatility Vs. Market

How volatile is Shun Ho Property Investments's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Shun Ho Property Investments undervalued based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Shun Ho Property Investments's share price is below the future cash flow value, and at a moderate discount (> 20%).

Shun Ho Property Investments's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Shun Ho Property Investments is good value based on earnings compared to the HK Hospitality industry average.

Shun Ho Property Investments is good value based on earnings compared to the Hong Kong market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Shun Ho Property Investments, we can't assess if its growth is good value.


Price Based on Value of Assets

Shun Ho Property Investments is good value based on assets compared to the HK Hospitality industry average.


Next Steps

Future Growth

How is Shun Ho Property Investments expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

10.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Shun Ho Property Investments is high growth as no revenue estimate data is available.

Shun Ho Property Investments's earnings are expected to grow by 10.8% yearly, however this is not considered high growth (20% yearly).

Unable to compare Shun Ho Property Investments's revenue growth to the Hong Kong market average as no estimate data is available.

Shun Ho Property Investments's earnings growth is positive but not above the Hong Kong market average.

Shun Ho Property Investments's earnings growth is expected to exceed the low risk savings rate of 2%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Shun Ho Property Investments will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Shun Ho Property Investments performed over the past 5 years?

9.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Shun Ho Property Investments's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.

Shun Ho Property Investments's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Shun Ho Property Investments's 1-year earnings growth is negative, it can't be compared to the HK Hospitality industry average.


Return on Equity

Shun Ho Property Investments has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Shun Ho Property Investments used its assets more efficiently than the HK Hospitality industry average last year based on Return on Assets.


Return on Capital Employed

Shun Ho Property Investments has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Shun Ho Property Investments's financial position?


Financial Position Analysis

Shun Ho Property Investments is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Shun Ho Property Investments's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Shun Ho Property Investments's level of debt (11.2%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has increased over the past 5 years (10.5% vs 11.2% today).

Debt is well covered by operating cash flow (43.9%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 19.8x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.7x debt.


Next Steps

Dividend

What is Shun Ho Property Investments's current dividend yield, its reliability and sustainability?

2.57%

Current Dividend Yield


Upcoming Dividend Payment

Purchase Shun Ho Property Investments before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield and Payments Analysis

Shun Ho Property Investments's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.25%).

Shun Ho Property Investments's dividend is below the markets top 25% of dividend payers in Hong Kong (6.18%).

Shun Ho Property Investments has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).

Dividend payments have increased, but Shun Ho Property Investments only paid a dividend in the past 3 years.


Current Payout to Shareholders

Dividends paid are thoroughly covered by earnings (11.8x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Shun Ho Property Investments's salary, the management and board of directors tenure and is there insider trading?

14.8yrs

Average board tenure


CEO

William Cheng (57yo)

0.0yrs

Tenure

HK$13,569,000

Compensation

Mr. Kai Man Cheng, also known as William, serves as an Executive Chairman and Chief Executive Officer of Shun Ho Resources Holdings Limited., : Shun Ho Property Investments Limited and Magnificent Estates ...


CEO Compensation Analysis

William's remuneration is higher than average for companies of similar size in Hong Kong.

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


Board Age and Tenure

14.8yrs

Average Tenure

56.5yo

Average Age

The average tenure for the Shun Ho Property Investments board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

BuyHK$106,40003 Jul 19
Shun Ho Holdings Limited
EntityCompany
Shares38,000
Max PriceHK$2.80
BuyHK$626,10320 Jun 19
Shun Ho Holdings Limited
EntityCompany
Shares224,000
Max PriceHK$2.80
BuyHK$96,90021 May 19
Shun Ho Holdings Limited
EntityCompany
Shares34,000
Max PriceHK$2.85
BuyHK$244,80306 May 19
Shun Ho Holdings Limited
EntityCompany
Shares82,000
Max PriceHK$2.99
BuyHK$58,40003 May 19
Shun Ho Holdings Limited
EntityCompany
Shares20,000
Max PriceHK$2.92
BuyHK$167,80002 May 19
Shun Ho Holdings Limited
EntityCompany
Shares58,000
Max PriceHK$2.89
BuyHK$23,36029 Apr 19
Shun Ho Holdings Limited
EntityCompany
Shares8,000
Max PriceHK$2.92
BuyHK$70,08026 Apr 19
Shun Ho Holdings Limited
EntityCompany
Shares24,000
Max PriceHK$2.92
BuyHK$243,06225 Apr 19
Shun Ho Holdings Limited
EntityCompany
Shares84,000
Max PriceHK$2.89
BuyHK$263,20018 Apr 19
Shun Ho Holdings Limited
EntityCompany
Shares94,000
Max PriceHK$2.80
BuyHK$282,00020 Mar 19
Shun Ho Holdings Limited
EntityCompany
Shares100,000
Max PriceHK$2.82
BuyHK$100,62021 Dec 18
Shun Ho Holdings Limited
EntityCompany
Shares38,000
Max PriceHK$2.65
BuyHK$79,20019 Dec 18
Shun Ho Holdings Limited
EntityCompany
Shares30,000
Max PriceHK$2.64
BuyHK$93,60023 Nov 18
Shun Ho Holdings Limited
EntityCompany
Shares36,000
Max PriceHK$2.60
BuyHK$92,52006 Nov 18
Shun Ho Holdings Limited
EntityCompany
Shares36,000
Max PriceHK$2.57
BuyHK$307,80020 Sep 18
Shun Ho Holdings Limited
EntityCompany
Shares114,000
Max PriceHK$2.70
BuyHK$534,60018 Sep 18
Shun Ho Holdings Limited
EntityCompany
Shares198,000
Max PriceHK$2.70
BuyHK$264,44317 Sep 18
Shun Ho Holdings Limited
EntityCompany
Shares98,000
Max PriceHK$2.70
BuyHK$264,94014 Sep 18
Shun Ho Holdings Limited
EntityCompany
Shares100,000
Max PriceHK$2.65

Ownership Breakdown


Management Team

  • Albert Hui (56yo)

    Executive Director

    • Tenure: 30.6yrs
    • Compensation: HK$3.28m
  • William Cheng (57yo)

    Executive Chairman & CEO

    • Tenure: 0.0yrs
    • Compensation: HK$13.57m
  • Ching Koo (49yo)

    Company Secretary

    • Tenure: 2.8yrs
  • Jennie Wong (56yo)

    Executive Director

    • Tenure: 1.6yrs
    • Compensation: HK$761.06k
  • Kimmy Lau (52yo)

    CFO & Executive Director

    • Tenure: 2.0yrs
    • Compensation: HK$1.41m

Board Members

  • Vincent Kwok (56yo)

    Independent Non-Executive Director

    • Tenure: 20.6yrs
    • Compensation: HK$107.00k
  • Albert Hui (56yo)

    Executive Director

    • Tenure: 30.6yrs
    • Compensation: HK$3.28m
  • Mabel Lui Fung (67yo)

    Non-Executive Director

    • Tenure: 20.6yrs
    • Compensation: HK$33.00k
  • William Cheng (57yo)

    Executive Chairman & CEO

    • Tenure: 0.0yrs
    • Compensation: HK$13.57m
  • Eddie Chan (60yo)

    Independent Non-Executive Director

    • Tenure: 14.8yrs
    • Compensation: HK$100.00k
  • Jennie Wong (56yo)

    Executive Director

    • Tenure: 1.6yrs
    • Compensation: HK$761.06k
  • Kwai Cheung Lam (59yo)

    Independent Non-Executive Director

    • Tenure: 2.2yrs
    • Compensation: HK$100.00k
  • Kimmy Lau (52yo)

    CFO & Executive Director

    • Tenure: 2.0yrs
    • Compensation: HK$1.41m

Company Information

Shun Ho Property Investments Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Shun Ho Property Investments Limited
  • Ticker: 219
  • Exchange: SEHK
  • Founded:
  • Industry: Hotels, Resorts and Cruise Lines
  • Sector: Consumer Services
  • Market Cap: HK$1.381b
  • Shares outstanding: 511.61m
  • Website: https://www.shunho.com.hk/shpi/index.html

Location

  • Shun Ho Property Investments Limited
  • Shun Ho Tower
  • 3rd Floor
  • Central
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
219SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJan 1992

Biography

Shun Ho Property Investments Limited, an investment holding company, invests in and operates hotels in Hong Kong, the People’s Republic of China, and the United Kingdom. It operates through Hospitality Ser ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/25 12:36
End of Day Share Price2019/08/23 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.