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32

Cross-Harbour (Holdings)SEHK:32 Stock Report

Market Cap

HK$3.8b

7D

-2.1%

1Y

-25.4%

Updated

18 Oct, 2021

Data

Company Financials
32 fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends4/6

32 Overview

The Cross-Harbour (Holdings) Limited, an investment holding company, engages in motoring school operation, treasury management, securities investment, tunnel operation, and electronic toll collection businesses in Hong Kong.

Price History & Performance

Summary of all time highs, changes and price drops for Cross-Harbour (Holdings)
Historical stock prices
Current Share PriceHK$10.32
52 Week HighHK$10.00
52 Week LowHK$14.46
Beta0.055
1 Month Change-3.55%
3 Month Change-19.38%
1 Year Change-25.43%
3 Year Change-21.58%
5 Year Change-4.09%
Change since IPO-29.32%

Recent News & Updates

Shareholder Returns

32HK Consumer ServicesHK Market
7D-2.1%9.3%1.1%
1Y-25.4%-29.7%5.3%

Return vs Industry: 32 exceeded the Hong Kong Consumer Services industry which returned -29.7% over the past year.

Return vs Market: 32 underperformed the Hong Kong Market which returned 5.3% over the past year.

Price Volatility

Is 32's price volatile compared to industry and market?
32 volatility
32 Beta0.055
Industry Beta1.04
Market Beta1

Stable Share Price: 32 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 32's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1965686John Yeunghttps://www.crossharbour.com.hk

The Cross-Harbour (Holdings) Limited, an investment holding company, engages in motoring school operation, treasury management, securities investment, tunnel operation, and electronic toll collection businesses in Hong Kong. It operates through Motoring School Operations, Tunnel Operations, Electronic Toll Operations, and Treasury Management segments. The company also operates driver training centers; and provides telematics services.

Cross-Harbour (Holdings) Fundamentals Summary

How do Cross-Harbour (Holdings)'s earnings and revenue compare to its market cap?
32 fundamental statistics
Market CapHK$3.85b
Earnings (TTM)HK$987.18m
Revenue (TTM)HK$1.07b

3.9x

P/E Ratio

3.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
32 income statement (TTM)
RevenueHK$1.07b
Cost of RevenueHK$199.56m
Gross ProfitHK$874.12m
Expenses-HK$113.06m
EarningsHK$987.18m

Dividends

4.1%

Current Dividend Yield

16%

Payout Ratio

Valuation

Is Cross-Harbour (Holdings) undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 32 (HK$10.32) is trading below our estimate of fair value (HK$21.4)

Significantly Below Fair Value: 32 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 32 is good value based on its PE Ratio (3.9x) compared to the Hong Kong Consumer Services industry average (16.3x).

PE vs Market: 32 is good value based on its PE Ratio (3.9x) compared to the Hong Kong market (9.7x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 32's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 32 is good value based on its PB Ratio (0.4x) compared to the HK Consumer Services industry average (1.6x).


Future Growth

How is Cross-Harbour (Holdings) forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

21.9%

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 Cross-Harbour (Holdings) 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 Cross-Harbour (Holdings) performed over the past 5 years?

5.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 32 has high quality earnings.

Growing Profit Margin: 32's current net profit margins (91.9%) are lower than last year (92.7%).


Past Earnings Growth Analysis

Earnings Trend: 32's earnings have grown by 5.2% per year over the past 5 years.

Accelerating Growth: 32's earnings growth over the past year (116.3%) exceeds its 5-year average (5.2% per year).

Earnings vs Industry: 32 earnings growth over the past year (116.3%) exceeded the Consumer Services industry 1.4%.


Return on Equity

High ROE: 32's Return on Equity (11.1%) is considered low.


Financial Health

How is Cross-Harbour (Holdings)'s financial position?


Financial Position Analysis

Short Term Liabilities: 32's short term assets (HK$4.3B) exceed its short term liabilities (HK$740.8M).

Long Term Liabilities: 32's short term assets (HK$4.3B) exceed its long term liabilities (HK$39.5M).


Debt to Equity History and Analysis

Debt Level: 32 is debt free.

Reducing Debt: 32 has no debt compared to 5 years ago when its debt to equity ratio was 5.8%.

Debt Coverage: 32 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 32 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Cross-Harbour (Holdings) current dividend yield, its reliability and sustainability?

4.07%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 32's dividend (4.07%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.26%).

High Dividend: 32's dividend (4.07%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.78%).


Stability and Growth of Payments

Stable Dividend: 32's dividends per share have been stable in the past 10 years.

Growing Dividend: 32's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (15.9%), 32's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

20.6yrs

Average board tenure


CEO

John Yeung (75 yo)

20.17yrs

Tenure

HK$14,044,000

Compensation

Dr. Hin Chung Yeung, also known as John, SBS, OBE, JP, FHKIoD, has been the Managing Director and Executive Director at The Cross-Harbour (Holdings) Limited since August 01, 2001. Prior to joining The Cros...


CEO Compensation Analysis

Compensation vs Market: John's total compensation ($USD1.81M) is above average for companies of similar size in the Hong Kong market ($USD342.08K).

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


Board Members

Experienced Board: 32's board of directors are seasoned and experienced ( 20.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: 32 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

The Cross-Harbour (Holdings) Limited's employee growth, exchange listings and data sources


Key Information

  • Name: The Cross-Harbour (Holdings) Limited
  • Ticker: 32
  • Exchange: SEHK
  • Founded: 1965
  • Industry: Education Services
  • Sector: Consumer Services
  • Market Cap: HK$3.846b
  • Shares outstanding: 372.69m
  • Website: https://www.crossharbour.com.hk

Number of Employees


Location

  • The Cross-Harbour (Holdings) Limited
  • China Resources Building
  • 25th Floor
  • Wan Chai
  • 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 15:09
End of Day Share Price2021/10/18 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.