SEHK:8181

Stock Analysis Report

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Executive Summary

Shi Shi Services Limited, an investment holding company, provides property management services in Hong Kong and the People's Republic of China.


Snowflake Analysis

Flawless balance sheet and slightly overvalued.

Share Price & News

How has Shi Shi Services's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 8181's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

3.1%

8181

-3.9%

HK Consumer Services

0.5%

HK Market


1 Year Return

-42.5%

8181

57.1%

HK Consumer Services

6.6%

HK Market

Return vs Industry: 8181 underperformed the Hong Kong Consumer Services industry which returned 57.1% over the past year.

Return vs Market: 8181 underperformed the Hong Kong Market which returned 6.6% over the past year.


Shareholder returns

8181IndustryMarket
7 Day3.1%-3.9%0.5%
30 Day-8.0%2.7%-0.8%
90 Day-22.0%15.3%9.4%
1 Year-42.5%-42.5%60.4%57.1%11.0%6.6%
3 Year28.5%28.5%22.9%16.1%3.2%-7.8%
5 Year-69.3%-69.3%9.6%1.8%22.5%1.9%

Price Volatility Vs. Market

How volatile is Shi Shi Services's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Shi Shi Services undervalued compared to its fair value and its price relative to the market?

17.39x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 8181 (HK$0.23) is trading above our estimate of fair value (HK$0.07)

Significantly Below Fair Value: 8181 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 8181 is good value based on its PE Ratio (17.4x) compared to the HK Consumer Services industry average (18x).

PE vs Market: 8181 is poor value based on its PE Ratio (17.4x) compared to the Hong Kong market (10.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 8181's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 8181 is good value based on its PB Ratio (0.8x) compared to the HK Consumer Services industry average (2.4x).


Next Steps

Future Growth

How is Shi Shi Services forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

28.6%

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 Shi Shi Services 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.


Next Steps

Past Performance

How has Shi Shi Services performed over the past 5 years?

38.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 8181 has high quality earnings.

Growing Profit Margin: 8181's current net profit margins (2.7%) are lower than last year (11.7%).


Past Earnings Growth Analysis

Earnings Trend: 8181's earnings have grown significantly by 38.8% per year over the past 5 years.

Accelerating Growth: 8181's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 8181 had negative earnings growth (-74.1%) over the past year, making it difficult to compare to the Consumer Services industry average (12.7%).


Return on Equity

High ROE: 8181's Return on Equity (4.5%) is considered low.


Next Steps

Financial Health

How is Shi Shi Services's financial position?


Financial Position Analysis

Short Term Liabilities: 8181's short term assets (HK$277.3M) exceed its short term liabilities (HK$92.4M).

Long Term Liabilities: 8181's short term assets (HK$277.3M) exceed its long term liabilities (HK$2.4M).


Debt to Equity History and Analysis

Debt Level: 8181's debt to equity ratio (3.9%) is considered satisfactory.

Reducing Debt: 8181's debt to equity ratio has reduced from 42.5% to 3.9% over the past 5 years.

Debt Coverage: 8181's debt is well covered by operating cash flow (93.2%).

Interest Coverage: 8181's interest payments on its debt are well covered by EBIT (123.1x coverage).


Balance Sheet


Next Steps

Dividend

What is Shi Shi Services's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 8181's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 8181'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 8181's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 8181's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 8181 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 8181'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?

4.2yrs

Average management tenure


CEO

Shi Shi Services has no CEO, or we have no data on them.


Leadership Team

NamePositionTenureCompensationOwnership
Liming Huang
Chairman2.42yrsHK$1.42mno data
Ying Ho
Compliance Officer & Executive Director8yrsHK$2.23mno data
Eric Todd
Executive Director4yrsHK$378.00kno data
Chin Lee
Executive Director3.67yrsHK$738.00kno data
Kam Cheng
Financial Controllerno datano datano data
Ka Kit Chan
Senior Accounting Manager2.33yrsno datano data
Kin Mo
Chief Facility and Property Managerno datano datano data
Kwong Cho Sheung
Company Secretary3.83yrsno datano data
Ka Shen
Consultant4.58yrsHK$1.93mno data
Sze Lai
Consultant4.58yrsHK$1.25mno data

4.2yrs

Average Tenure

49yo

Average Age

Experienced Management: 8181's management team is considered experienced (4.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Liming Huang
Chairman2.42yrsHK$1.42mno data
Ying Ho
Compliance Officer & Executive Director8yrsHK$2.23mno data
Eric Todd
Executive Director4yrsHK$378.00kno data
Chin Lee
Executive Director3.67yrsHK$738.00kno data
Chi-Ho Lo
Independent Non-Executive Director4.67yrsHK$120.00kno data
Kai Yeung Lam
Independent Non-Executive Director4.83yrsHK$120.00kno data
Siu Lun Tso
Independent Non-Executive Director5.5yrsHK$120.00kno data

4.7yrs

Average Tenure

51yo

Average Age

Experienced Board: 8181's board of directors are considered experienced (4.7 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.


Ownership Breakdown

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


Top Shareholders

Company Information

Shi Shi Services Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Shi Shi Services Limited
  • Ticker: 8181
  • Exchange: SEHK
  • Founded: 1984
  • Industry: Specialized Consumer Services
  • Sector: Consumer Services
  • Market Cap: HK$236.061m
  • Shares outstanding: 1.03b
  • Website: https://www.shishiservices.com.hk

Number of Employees


Location

  • Shi Shi Services Limited
  • Haleson Building
  • Unit 903
  • Central
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
8181SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDOct 2013

Biography

Shi Shi Services Limited, an investment holding company, provides property management services in Hong Kong and the People's Republic of China. The company operates in three segments: Provision of Property ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/14 19:35
End of Day Share Price2020/08/14 00:00
Earnings2020/06/30
Annual Earnings2020/03/31


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.