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234

New Century Group Hong KongSEHK:234 Stock Report

Market Cap

HK$381.5m

7D

0%

1Y

3.1%

Updated

18 Oct, 2021

Data

Company Financials
234 fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

234 Overview

New Century Group Hong Kong Limited, an investment holding company, primarily provides cruise ship charter services in Hong Kong and rest of Southeast Asia.

Price History & Performance

Summary of all time highs, changes and price drops for New Century Group Hong Kong
Historical stock prices
Current Share PriceHK$0.066
52 Week HighHK$0.052
52 Week LowHK$0.096
Beta0.42
1 Month Change-9.59%
3 Month Change15.79%
1 Year Change3.13%
3 Year Change-46.77%
5 Year Change-51.47%
Change since IPO-70.51%

Recent News & Updates

Jul 27
The Return Trends At New Century Group Hong Kong (HKG:234) Look Promising

The Return Trends At New Century Group Hong Kong (HKG:234) Look Promising

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...

Mar 29
New Century Group Hong Kong (HKG:234) Is Experiencing Growth In Returns On Capital

New Century Group Hong Kong (HKG:234) Is Experiencing Growth In Returns On Capital

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'd want to identify a...

Feb 04
New Century Group Hong Kong (HKG:234) Has A Rock Solid Balance Sheet

New Century Group Hong Kong (HKG:234) Has A Rock Solid Balance Sheet

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...

Dec 13
What Type Of Returns Would New Century Group Hong Kong's(HKG:234) Shareholders Have Earned If They Purchased Their SharesFive Years Ago?

What Type Of Returns Would New Century Group Hong Kong's(HKG:234) Shareholders Have Earned If They Purchased Their SharesFive Years Ago?

Ideally, your overall portfolio should beat the market average. But even the best stock picker will only win with some...

Shareholder Returns

234HK HospitalityHK Market
7D0%1.5%1.1%
1Y3.1%-25.9%5.3%

Return vs Industry: 234 exceeded the Hong Kong Hospitality industry which returned -25.9% over the past year.

Return vs Market: 234 underperformed the Hong Kong Market which returned 5.3% over the past year.

Price Volatility

Is 234's price volatile compared to industry and market?
234 volatility
234 Beta0.42
Industry Beta1.09
Market Beta1

Stable Share Price: 234 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: 234's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a32Alec Wonghttps://www.ncgrp.com.hk

New Century Group Hong Kong Limited, an investment holding company, primarily provides cruise ship charter services in Hong Kong and rest of Southeast Asia. It operates through four segments: Money Lending, Cruise Ship Charter Services, Property Investments, and Securities Trading. The company offers secured mortgage loans and unsecured personal loans; charters cruise ships under the Leisure World and Aegean Paradise names.

New Century Group Hong Kong Fundamentals Summary

How do New Century Group Hong Kong's earnings and revenue compare to its market cap?
234 fundamental statistics
Market CapHK$381.50m
Earnings (TTM)-HK$56.71m
Revenue (TTM)HK$100.36m

3.8x

P/S Ratio

-6.7x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
234 income statement (TTM)
RevenueHK$100.36m
Cost of RevenueHK$14.62m
Gross ProfitHK$85.74m
ExpensesHK$142.45m
Earnings-HK$56.71m

Last Reported Earnings

Mar 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0098
Gross Margin85.43%
Net Profit Margin-56.51%
Debt/Equity Ratio5.7%

How did 234 perform over the long term?

See historical performance and comparison

Valuation

Is New Century Group Hong Kong undervalued compared to its fair value and its price relative to the market?

0.24x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: 234 (HK$0.07) is trading above our estimate of fair value (HK$0.02)

Significantly Below Fair Value: 234 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 234 is unprofitable, so we can't compare its PE Ratio to the Hong Kong Hospitality industry average.

PE vs Market: 234 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 234's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 234 is good value based on its PB Ratio (0.2x) compared to the HK Hospitality industry average (1.1x).


Future Growth

How is New Century Group Hong Kong forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

58.7%

Forecasted Consumer Services industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as New Century Group Hong Kong has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has New Century Group Hong Kong performed over the past 5 years?

-30.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 234 is currently unprofitable.

Growing Profit Margin: 234 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 234 is unprofitable, and losses have increased over the past 5 years at a rate of 30.5% per year.

Accelerating Growth: Unable to compare 234's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 234 is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (34.7%).


Return on Equity

High ROE: 234 has a negative Return on Equity (-4.07%), as it is currently unprofitable.


Financial Health

How is New Century Group Hong Kong's financial position?


Financial Position Analysis

Short Term Liabilities: 234's short term assets (HK$1.2B) exceed its short term liabilities (HK$142.6M).

Long Term Liabilities: 234's short term assets (HK$1.2B) exceed its long term liabilities (HK$21.8M).


Debt to Equity History and Analysis

Debt Level: 234's debt to equity ratio (5.7%) is considered satisfactory.

Reducing Debt: 234's debt to equity ratio has reduced from 13.9% to 5.7% over the past 5 years.

Debt Coverage: 234's debt is well covered by operating cash flow (23.5%).

Interest Coverage: 234 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is New Century Group Hong Kong current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 234's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 234's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 234's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 234's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 234 is not paying a notable dividend for the Hong Kong market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 234's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

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

21.5yrs

Average management tenure


CEO

Alec Wong (56 yo)

21.5yrs

Tenure

Mr. Chi Lik Wong, also knwon as Alec, is the Founder and has been Chief Executive Officer of Land Search Online since April 2000. Mr. Wong joined New Century Group Hong Kong Ltd. in April 2000 as a result...


Leadership Team

Experienced Management: 234's management team is seasoned and experienced (21.5 years average tenure).


Board Members

Experienced Board: 234's board of directors are seasoned and experienced ( 18.3 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

New Century Group Hong Kong Limited's employee growth, exchange listings and data sources


Key Information

  • Name: New Century Group Hong Kong Limited
  • Ticker: 234
  • Exchange: SEHK
  • Founded: NaN
  • Industry: Hotels, Resorts and Cruise Lines
  • Sector: Consumer Services
  • Market Cap: HK$381.504m
  • Shares outstanding: 5.78b
  • Website: https://www.ncgrp.com.hk

Number of Employees


Location

  • New Century Group Hong Kong Limited
  • West Tower
  • 38th Floor, Unit 3808
  • Central
  • Hong Kong

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/18 15:11
End of Day Share Price2021/10/18 00:00
Earnings2021/03/31
Annual Earnings2021/03/31


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.