SEHK:308

Stock Analysis Report

China Travel International Investment Hong Kong

Executive Summary

China Travel International Investment Hong Kong Limited, an investment holding company, provides travel and tourism services.

Snowflake

Fundamentals

Flawless balance sheet average dividend payer.

Share Price & News

How has China Travel International Investment Hong Kong's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.8%

308

-0.4%

HK Hospitality

2.2%

HK Market


1 Year Return

-46.2%

308

11.2%

HK Hospitality

-1.3%

HK Market

Return vs Industry: 308 underperformed the Hong Kong Hospitality industry which returned 11.2% over the past year.

Return vs Market: 308 underperformed the Hong Kong Market which returned -1.3% over the past year.


Share holder returns

308IndustryMarket
7 Day0.8%-0.4%2.2%
30 Day-14.2%-4.1%-2.1%
90 Day-23.9%-8.5%-5.6%
1 Year-45.0%-46.2%14.8%11.2%2.3%-1.3%
3 Year-42.6%-46.5%19.2%8.0%15.6%3.9%
5 Year-37.8%-45.7%-11.2%-25.4%20.1%0.06%

Price Volatility Vs. Market

How volatile is China Travel International Investment Hong Kong's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is China Travel International Investment Hong Kong undervalued based on future cash flows and its price relative to the stock market?

9.08x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Undervalued: 308 (HK$1.21) is trading above our estimate of fair value (HK$0.65)

Significantly Undervalued: 308 is trading above our estimate of fair value.


Price Based on Earnings

PE vs Industry: 308 is good value based on its PE Ratio (9.1x) compared to the Hospitality industry average (12.3x).

PE vs Market: 308 is good value based on its PE Ratio (9.1x) compared to the Hong Kong market (10.3x).


Price Based on Expected Growth

Low PEG Ratio: 308's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price Based on Value of Assets

PB vs Industry: 308 is good value based on its PB Ratio (0.4x) compared to the HK Hospitality industry average (1x).


Next Steps

Future Growth

How is China Travel International Investment Hong Kong expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

-7.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: 308's earnings are forecast to decline over the next 3 years (-7.8% per year).

Earnings vs Market: 308's earnings are forecast to decline over the next 3 years (-7.8% per year).

High Growth Earnings: 308's earnings are forecast to decline over the next 3 years.

Revenue vs Market: 308's revenue (4.2% per year) is forecast to grow slower than the Hong Kong market (10.1% per year).

High Growth Revenue: 308's revenue (4.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Estimates


Future Return on Equity

High Future ROE: Insufficient data to determine if 308's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has China Travel International Investment Hong Kong performed over the past 5 years?

-11.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 308's earnings have declined by -11.1% per year over the past 5 years.

Accelerating Growth: 308's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 308 had negative earnings growth (-36.9%) over the past year, making it difficult to compare to the Hospitality industry average (-5.3%).


Return on Equity

High ROE: 308's Return on Equity (5%) is considered low.


Return on Assets

ROA vs Industry: 308's Return on Assets is below or equal to the Hospitality industry average last year.


Return on Capital Employed

ROCE Improving: 308 has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is China Travel International Investment Hong Kong's financial position?


Financial Position Analysis

Short Term Liabilities: 308's short term assets (HK$6.7B) exceeds its short term liabilities (HK$2.6B)

Long Term Liabilities: 308's short term assets (HK$6.7B) exceeds its long term liabilities (HK$1.6B)


Debt to Equity History and Analysis

Debt Level: 308's debt to equity ratio (0.5%) is considered satisfactory

Reducing Debt: 308's debt to equity ratio has reduced from 12.7% to 0.5% over the past 5 years.

Debt Coverage: 308's debt is well covered by operating cash flow (683.9%).

Interest Coverage: 308 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: 308 has a high level of physical assets or inventory.

Debt Coverage by Assets: 308's debt is covered by short term assets (assets are 81.088680x debt).


Next Steps

Dividend

What is China Travel International Investment Hong Kong's current dividend yield, its reliability and sustainability?

4.51%

Expected Dividend Yield


Dividend Yield vs Market

company5.0%marketbottom25%2.3%markettop25%6.3%industryaverage3.8%forecastin3Years4.5%

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: 308's dividend (4.96%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.25%).

High Dividend: 308's dividend (4.96%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.35%).

Stable Dividend: 308's dividend payments have been volatile in the past 10 years.

Growing Dividend: 308's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (22.5%), 308's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 308's dividends in 3 years are forecast to be well covered by earnings (42.2% payout ratio).


Next Steps

Management

What is the CEO of China Travel International Investment Hong Kong's salary, the management and board of directors tenure and is there insider trading?

1.0yrs

Average management tenure


CEO

China Travel International Investment Hong Kong has no CEO, or we have no data on them.


Management Age and Tenure

1.0yrs

Average Tenure

50.5yo

Average Age

Experienced Management: 308's management team is not considered experienced ( 1 years average tenure), which suggests a new team.


Board Age and Tenure

1.0yrs

Average Tenure

53.5yo

Average Age

Experienced Board: 308's board of directors are not considered experienced ( 1 years average tenure), which suggests a new board.


Insider Trading

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


Ownership Breakdown


Management Team

  • Sui Lo (68yo)

    Vice Chairman

    • Tenure: 0yrs
    • Compensation: HK$240.00k
  • Siu Chung Lai (51yo)

    Company Secretary

    • Tenure: 9.6yrs
  • Changle Wang (63yo)

    CEO & Director of China Travel Hong Kong (Zhuhai) Ocean Spring Co Ltd

    • Tenure: 0yrs
  • Zhuoyang Fu (59yo)

    Chairman

    • Tenure: 1.3yrs
    • Compensation: HK$1.49m
  • Xinjian Du (52yo)

    Financial Controller

    • Tenure: 0yrs
  • Xianjun Chen (50yo)

    Executive Director

    • Tenure: 2.7yrs
    • Compensation: HK$240.00k
  • Hong Jiang (49yo)

    GM & Executive Director

    • Tenure: 1yrs
    • Compensation: HK$454.35k
  • Cheng You (44yo)

    Executive Director

    • Tenure: 1yrs
    • Compensation: HK$837.98k
  • Hao Yang (42yo)

    Executive Director

    • Tenure: 0.8yrs
    • Compensation: HK$12.00k
  • Qiang Wu (47yo)

    Executive Deputy GM & Executive Director

    • Tenure: 0.6yrs

Board Members

  • Zhenming Guo (62yo)

    GM & Director of China Travel Service (Cargo) Hong Kong Ltd

    • Tenure: 0yrs
  • Yanzhong Li (57yo)

    GM & Director of Shenzhen - Splendid China Development Co Ltd

    • Tenure: 18.4yrs
  • Sui Lo (68yo)

    Vice Chairman

    • Tenure: 0yrs
    • Compensation: HK$240.00k
  • Changle Wang (63yo)

    CEO & Director of China Travel Hong Kong (Zhuhai) Ocean Spring Co Ltd

    • Tenure: 0yrs
  • Zhuoyang Fu (59yo)

    Chairman

    • Tenure: 1.3yrs
    • Compensation: HK$1.49m
  • Xianjun Chen (50yo)

    Executive Director

    • Tenure: 2.7yrs
    • Compensation: HK$240.00k
  • Hong Jiang (49yo)

    GM & Executive Director

    • Tenure: 1yrs
    • Compensation: HK$454.35k
  • Cheng You (44yo)

    Executive Director

    • Tenure: 1yrs
    • Compensation: HK$837.98k
  • Hao Yang (42yo)

    Executive Director

    • Tenure: 0.8yrs
    • Compensation: HK$12.00k
  • Qiang Wu (47yo)

    Executive Deputy GM & Executive Director

    • Tenure: 0.6yrs

Company Information

China Travel International Investment Hong Kong Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: China Travel International Investment Hong Kong Limited
  • Ticker: 308
  • Exchange: SEHK
  • Founded:
  • Industry: Hotels, Resorts and Cruise Lines
  • Sector: Consumer Services
  • Market Cap: HK$6.602b
  • Shares outstanding: 5.46b
  • Website: https://null

Number of Employees


Location

  • China Travel International Investment Hong Kong Limited
  • CTS House
  • 12th Floor
  • Central
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CTVI.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDNov 1992
CTIDB (Deutsche Boerse AG)YesOrdinary SharesDEEURNov 1992
308SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDNov 1992
308SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesOrdinary SharesHKHKDNov 1992
308SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesOrdinary SharesHKHKDNov 1992

Biography

China Travel International Investment Hong Kong Limited, an investment holding company, provides travel and tourism services. Its Tourist Attraction Operations segment operates theme parks, scenic spots, c ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/13 12:35
End of Day Share Price2019/10/11 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.

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