China Travel International Investment Hong Kong Limited, an investment holding company, provides travel and tourism services.
Price History & Performance
|Historical stock prices|
|Current Share Price||HK$1.17|
|52 Week High||HK$0.99|
|52 Week Low||HK$1.49|
|1 Month Change||1.74%|
|3 Month Change||1.74%|
|1 Year Change||11.43%|
|3 Year Change||-45.58%|
|5 Year Change||-48.00%|
|Change since IPO||-59.30%|
Recent News & Updates
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...
|308||HK Hospitality||HK Market|
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.
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
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
|308 fundamental statistics|
Is 308 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|308 income statement (TTM)|
|Cost of Revenue||HK$2.27b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.01|
|Net Profit Margin||2.39%|
How did 308 perform over the long term?See historical performance and comparison
Is China Travel International Investment Hong Kong undervalued compared to its fair value and its price relative to the market?
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).
How is China Travel International Investment Hong Kong forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
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%).
How has China Travel International Investment Hong Kong performed over the past 5 years?
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.
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$2.0B).
Debt to Equity History and Analysis
Debt Level: 308's debt to equity ratio (3.5%) is considered satisfactory.
Reducing Debt: 308's debt to equity ratio has reduced from 5.8% to 3.5% over the past 5 years.
Debt Coverage: 308's debt is well covered by operating cash flow (119.7%).
Interest Coverage: Insufficient data to determine if 308's interest payments on its debt are well covered by EBIT.
What is China Travel International Investment Hong Kong current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate 308's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate 308's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if 308's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 308's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: 308 is not paying a notable dividend for the Hong Kong market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 308's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Qiang Wu (49 yo)
Mr. Qiang Wu serves as the General Manager of China Travel International Investment Hong Kong Limited since May 20, 2020 & serves as its Executive Director since March 08, 2019. He is the chairman of Shenz...
CEO Compensation Analysis
Compensation vs Market: Qiang's total compensation ($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.
Experienced Management: 308's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Experienced Board: 308's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
China Travel International Investment Hong Kong Limited's employee growth, exchange listings and data sources
- 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
- China Travel International Investment Hong Kong Limited
- CTS House
- 12th Floor
- Hong Kong
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/24 10:06|
|End of Day Share Price||2021/10/22 00:00|
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.