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308

China Travel International Investment Hong KongSEHK:308 Stock Report

Market Cap

HK$6.5b

7D

1.7%

1Y

11.4%

Updated

24 Oct, 2021

Data

Company Financials +
308 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth5/6
Past Performance1/6
Financial Health5/6
Dividends0/6

308 Overview

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

Price History & Performance

Summary of all time highs, changes and price drops for China Travel International Investment Hong Kong
Historical stock prices
Current Share PriceHK$1.17
52 Week HighHK$0.99
52 Week LowHK$1.49
Beta1.02
1 Month Change1.74%
3 Month Change1.74%
1 Year Change11.43%
3 Year Change-45.58%
5 Year Change-48.00%
Change since IPO-59.30%

Recent News & Updates

Sep 23
China Travel International Investment Hong Kong (HKG:308) Strong Profits May Be Masking Some Underlying Issues

China Travel International Investment Hong Kong (HKG:308) Strong Profits May Be Masking Some Underlying Issues

The market for China Travel International Investment Hong Kong Limited's ( HKG:308 ) stock was strong after it released...

Shareholder Returns

308HK HospitalityHK Market
7D1.7%1.5%2.2%
1Y11.4%-25.8%6.0%

Return vs Industry: 308 exceeded the Hong Kong Hospitality industry which returned -25.8% over the past year.

Return vs Market: 308 exceeded the Hong Kong Market which returned 6% over the past year.

Price Volatility

Is 308's price volatile compared to industry and market?
308 volatility
308 Beta1.02
Industry Beta1.1
Market Beta1

Stable Share Price: 308 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 308's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19927,367Qiang Wu

China Travel International Investment Hong Kong Limited, an investment holding company, provides travel and tourism services. Its Tourist Attraction and Related Operations segment operates theme parks, natural and cultural scenic spots, cable car systems, skiing facilities, golf clubs, hot spring resorts, and other resorts, as well as engages in arts performance and tourism property development activities in Mainland China. The company’s Travel Agency, Travel Document, and Related Operations segment provides travel agency, travel document, and related services in Hong Kong, Mainland China, South East Asia, Oceania, the United States, and countries in the European Union.

China Travel International Investment Hong Kong Fundamentals Summary

How do China Travel International Investment Hong Kong's earnings and revenue compare to its market cap?
308 fundamental statistics
Market CapHK$6.48b
Earnings (TTM)HK$57.91m
Revenue (TTM)HK$2.43b

112.0x

P/E Ratio

2.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
308 income statement (TTM)
RevenueHK$2.43b
Cost of RevenueHK$2.27b
Gross ProfitHK$156.44m
ExpensesHK$98.53m
EarningsHK$57.91m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.01
Gross Margin6.44%
Net Profit Margin2.39%
Debt/Equity Ratio3.5%

How did 308 perform over the long term?

See historical performance and comparison

Valuation

Is China Travel International Investment Hong Kong undervalued compared to its fair value and its price relative to the market?

47.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 308 (HK$1.17) is trading below our estimate of fair value (HK$2.22)

Significantly Below Fair Value: 308 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 308 is poor value based on its PE Ratio (112x) compared to the Hong Kong Hospitality industry average (19.9x).

PE vs Market: 308 is poor value based on its PE Ratio (112x) compared to the Hong Kong market (9.7x).


Price to Earnings Growth Ratio

PEG Ratio: 308 is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: 308 is good value based on its PB Ratio (0.4x) compared to the HK Hospitality industry average (1.1x).


Future Growth

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

124.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 308's forecast earnings growth (124.4% per year) is above the savings rate (1.5%).

Earnings vs Market: 308's earnings (124.4% per year) are forecast to grow faster than the Hong Kong market (17.7% per year).

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

Revenue vs Market: 308's revenue (26.3% per year) is forecast to grow faster than the Hong Kong market (12.5% per year).

High Growth Revenue: 308's revenue (26.3% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 308's Return on Equity is forecast to be low in 3 years time (1.9%).


Past Performance

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

-39.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 308 has a large one-off gain of HK$518.3M impacting its June 30 2021 financial results.

Growing Profit Margin: 308 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 308's earnings have declined by 39.3% per year over the past 5 years.

Accelerating Growth: 308 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 308 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Hospitality industry (34.7%).


Return on Equity

High ROE: 308's Return on Equity (-1%) is considered low.


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$9.7B) exceed its short term liabilities (HK$5.0B).

Long Term Liabilities: 308's short term assets (HK$9.7B) exceed its long term liabilities (HK$2.0B).


Debt to Equity History and Analysis

Debt Level: 308's debt to equity ratio (3.5%) is considered satisfactory.

Reducing Debt: 308's debt to equity ratio has reduced from 5.8% to 3.5% over the past 5 years.

Debt Coverage: 308's debt is well covered by operating cash flow (119.7%).

Interest Coverage: Insufficient data to determine if 308's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

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

0.86%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 308's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 308'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 308's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 308's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 308 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 308'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?

1.8yrs

Average management tenure


CEO

Qiang Wu (49 yo)

1.42yrs

Tenure

HK$3,731,000

Compensation

Mr. Qiang Wu serves as the General Manager of China Travel International Investment Hong Kong Limited since May 20, 2020 & serves as its Executive Director since March 08, 2019. He is the chairman of Shenz...


CEO Compensation Analysis

Compensation vs Market: Qiang's total compensation ($USD479.98K) is about average for companies of similar size in the Hong Kong market ($USD442.78K).

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


Leadership Team

Experienced Management: 308's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: 308's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.


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.


Ownership Breakdown

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


Top Shareholders

Company Information

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


Key Information

  • Name: China Travel International Investment Hong Kong Limited
  • Ticker: 308
  • Exchange: SEHK
  • Founded: 1992
  • Industry: Hotels, Resorts and Cruise Lines
  • Sector: Consumer Services
  • Market Cap: HK$6.478b
  • Shares outstanding: 5.54b

Number of Employees


Location

  • China Travel International Investment Hong Kong Limited
  • CTS House
  • 12th Floor
  • 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 Analysis2021/10/24 10:06
End of Day Share Price2021/10/22 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.