SEHK:922

Stock Analysis Report

Anxian Yuan China Holdings

Executive Summary

Anxian Yuan China Holdings Limited, an investment holding company, engages in cemetery business in Hong Kong and the People’s Republic of China.

Snowflake

Fundamentals

Undervalued with adequate balance sheet.

Share Price & News

How has Anxian Yuan China Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

922

4.5%

HK Consumer Services

2.9%

HK Market


1 Year Return

-44.0%

922

4.2%

HK Consumer Services

0.7%

HK Market

Return vs Industry: 922 underperformed the Hong Kong Consumer Services industry which returned 4.2% over the past year.

Return vs Market: 922 underperformed the Hong Kong Market which returned 0.7% over the past year.


Shareholder returns

922IndustryMarket
7 Day0%4.5%2.9%
30 Day-1.8%3.5%-2.5%
90 Day-6.7%6.2%-5.4%
1 Year-44.0%-44.0%6.3%4.2%4.4%0.7%
3 Year-79.1%-79.1%5.4%-0.02%17.0%5.2%
5 Year-86.7%-86.7%11.1%2.2%20.2%0.2%

Price Volatility Vs. Market

How volatile is Anxian Yuan China Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Anxian Yuan China 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

Undervalued: 922 (HK$0.22) is trading below our estimate of fair value (HK$1.2)

Significantly Undervalued: 922 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 922 is good value based on its PE Ratio (9.7x) compared to the Consumer Services industry average (17.7x).

PE vs Market: 922 is good value based on its PE Ratio (9.7x) compared to the Hong Kong market (10.4x).


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate 922's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 922 is good value based on its PB Ratio (0.3x) compared to the HK Consumer Services industry average (2x).


Next Steps

Future Growth

How is Anxian Yuan China Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

32.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 922's forecast earnings growth (32.8% per year) is above the savings rate (2%).

Earnings vs Market: 922's earnings (32.8% per year) are forecast to grow faster than the Hong Kong market (11.1% per year).

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

Revenue vs Market: Insufficient data to determine if 922's revenue is forecast to grow faster than the Hong Kong market.

High Growth Revenue: Insufficient data to determine if 922's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if 922's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Anxian Yuan China Holdings performed over the past 5 years?

-6.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 922's earnings have declined by -6.7% per year over the past 5 years.

Accelerating Growth: 922's earnings growth over the past year (2.1%) exceeds its 5-year average (-6.7% per year).

Earnings vs Industry: 922 earnings growth over the past year (2.1%) underperformed the Consumer Services industry 14.4%.


Return on Equity

High ROE: 922's Return on Equity (2.6%) is considered low.


Return on Assets

ROA vs Industry: 922's Return on Assets is below or equal to the Consumer Services industry average last year.


Return on Capital Employed

ROCE Improving: 922 has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Anxian Yuan China Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 922's short term assets (HK$285.0M) exceeds its short term liabilities (HK$164.3M)

Long Term Liabilities: 922's short term assets (285.0M) exceeds its long term liabilities (276.3M)


Debt to Equity History and Analysis

Debt Level: 922's debt to equity ratio (32.3%) is considered satisfactory

Reducing Debt: 922's debt to equity ratio has increased from 27% to 32.3% over the past 5 years.

Debt Coverage: 922's debt is not well covered by operating cash flow (13.4%).

Interest Coverage: 922's interest payments on its debt are well covered by EBIT (6.9x coverage).


Balance Sheet

Inventory Level: 922 has a high level of physical assets or inventory.

Debt Coverage by Assets: 922's debt is covered by short term assets (assets are 1.342720x debt).


Next Steps

Dividend

What is Anxian Yuan China Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.2%markettop25%6.3%industryaverage2.3%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate 922's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 922's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if 922's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 922's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 922's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

What is the CEO of Anxian Yuan China Holdings's salary, the management and board of directors tenure and is there insider trading?

5.8yrs

Average board tenure


CEO

Jun Shi (37yo)

5.8yrs

Tenure

HK$1,166,000

Compensation

Mr. Shi Jun has been the Chief Executive Officer of Anxian Yuan China Holdings Limited since January 23, 2014 and its Executive Director since December 15, 2011. Mr. Shi serves as General Manager of Anxian ...


CEO Compensation Analysis

Compensation vs. Market: Jun's total compensation ($USD148.63K) is about average for companies of similar size in the Hong Kong market ($USD211.63K).

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


Board Age and Tenure

5.8yrs

Average Tenure

59yo

Average Age

Experienced Board: 922's board of directors are considered experienced (5.8 years average tenure).


Insider Trading

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


Recent Insider Transactions

BuyHK$3,385,50429 Oct 18
Yin Jin
EntityIndividual
Shares10,000,000
Max PriceHK$0.34

Ownership Breakdown


Management Team

  • Fei Shing Law (59yo)

    Deputy CEO

    • Tenure: 10.3yrs
    • Compensation: HK$1.32m
  • Hua Shi (67yo)

    Executive Chairman

    • Tenure: 7.8yrs
    • Compensation: HK$1.85m
  • Jun Shi (37yo)

    CEO & Executive Director

    • Tenure: 5.8yrs
    • Compensation: HK$1.17m

Board Members

  • Fei Shing Law (59yo)

    Deputy CEO

    • Tenure: 10.3yrs
    • Compensation: HK$1.32m
  • Pak Sum Lum (58yo)

    Independent Non-Executive Director

    • Tenure: 2.4yrs
    • Compensation: HK$47.00k
  • Hua Shi (67yo)

    Executive Chairman

    • Tenure: 7.8yrs
    • Compensation: HK$1.85m
  • Jun Shi (37yo)

    CEO & Executive Director

    • Tenure: 5.8yrs
    • Compensation: HK$1.17m
  • Hongjie Wang (65yo)

    Non-Executive Director

    • Tenure: 5.8yrs
    • Compensation: HK$130.00k
  • Koon Chan (61yo)

    Independent Non-Executive Director

    • Tenure: 5.3yrs
    • Compensation: HK$130.00k
  • Hong Yao (59yo)

    Independent Non-Executive Director

    • Tenure: 0.9yrs

Company Information

Anxian Yuan China Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Anxian Yuan China Holdings Limited
  • Ticker: 922
  • Exchange: SEHK
  • Founded:
  • Industry: Specialized Consumer Services
  • Sector: Consumer Services
  • Market Cap: HK$174.769m
  • Shares outstanding: 740.55m
  • Website: https://www.anxianyuanchina.com

Number of Employees


Location

  • Anxian Yuan China Holdings Limited
  • Leighton Centre
  • Room 1215
  • Causeway Bay
  • 999077
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
922SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDDec 1999

Biography

Anxian Yuan China Holdings Limited, an investment holding company, engages in cemetery business in Hong Kong and the People’s Republic of China. The company provides cemetery management services and burial ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/15 12:38
End of Day Share Price2019/10/15 00:00
Earnings2019/03/31
Annual Earnings2019/03/31


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.