SEHK:111

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Cinda International Holdings

Executive Summary

Cinda International Holdings Limited, an investment holding company, provides asset management services in Hong Kong and Mainland China. More Details


Snowflake Analysis

Good value with questionable track record.

Share Price & News

How has Cinda International Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 111 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 111's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

-4.0%

111

-2.6%

HK Capital Markets

-0.5%

HK Market


1 Year Return

23.1%

111

36.7%

HK Capital Markets

21.5%

HK Market

Return vs Industry: 111 underperformed the Hong Kong Capital Markets industry which returned 36.7% over the past year.

Return vs Market: 111 exceeded the Hong Kong Market which returned 21.5% over the past year.


Shareholder returns

111IndustryMarket
7 Day-4.0%-2.6%-0.5%
30 Day10.3%-5.0%2.1%
90 Day20.0%7.9%11.9%
1 Year23.1%23.1%39.8%36.7%26.2%21.5%
3 Year-44.8%-44.8%7.9%-0.4%6.2%-4.9%
5 Year-47.8%-47.8%30.4%14.4%61.7%34.1%

Long-Term Price Volatility Vs. Market

How volatile is Cinda International Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Cinda International Holdings undervalued compared to its fair value and its price relative to the market?

17.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 111 (HK$0.48) is trading below our estimate of fair value (HK$0.58)

Significantly Below Fair Value: 111 is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: 111 is good value based on its PE Ratio (6.2x) compared to the HK Capital Markets industry average (14.8x).

PE vs Market: 111 is good value based on its PE Ratio (6.2x) compared to the Hong Kong market (12.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 111's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 111 is good value based on its PB Ratio (0.3x) compared to the HK Capital Markets industry average (0.6x).


Next Steps

Future Growth

How is Cinda International Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

15.6%

Forecasted Diversified Financials 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 Cinda International 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.


Next Steps

Past Performance

How has Cinda International Holdings performed over the past 5 years?

7.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 111 has high quality earnings.

Growing Profit Margin: 111's current net profit margins (17%) are lower than last year (23.7%).


Past Earnings Growth Analysis

Earnings Trend: 111's earnings have grown by 7.9% per year over the past 5 years.

Accelerating Growth: 111's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 111 had negative earnings growth (-17.7%) over the past year, making it difficult to compare to the Capital Markets industry average (14.1%).


Return on Equity

High ROE: 111's Return on Equity (5.6%) is considered low.


Next Steps

Financial Health

How is Cinda International Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 111's short term assets (HK$1.9B) exceed its short term liabilities (HK$893.6M).

Long Term Liabilities: 111's short term assets (HK$1.9B) exceed its long term liabilities (HK$508.6M).


Debt to Equity History and Analysis

Debt Level: 111's debt to equity ratio (108.2%) is considered high.

Reducing Debt: 111's debt to equity ratio has increased from 34.8% to 108.2% over the past 5 years.

Debt Coverage: 111's debt is not well covered by operating cash flow (7.2%).

Interest Coverage: Insufficient data to determine if 111's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is Cinda International Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 111's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 111'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 111's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 111'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 111'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?

2.4yrs

Average management tenure


CEO

Zhijian Gong (54 yo)

6.17yrs

Tenure

HK$2,819,000

Compensation

Mr. Gong Zhijian had served as a Deputy Chairman of Cinda International Holdings Limited since October 30, 2018 until December 2018 and has been its Chief Executive Officer since December 12, 2018 and serv...


CEO Compensation Analysis

Compensation vs Market: Zhijian's total compensation ($USD363.43K) is above average for companies of similar size in the Hong Kong market ($USD230.63K).

Compensation vs Earnings: Zhijian's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Fan Yu
Executive Chairman2.42yrsHK$1.09mno data
Zhijian Gong
Deputy Chairman & CEO6.17yrsHK$2.82mno data
Mun Chung Lau
Deputy CEO14yrsHK$2.47mno data
Yuk Ping Lau
Head of Compliance & Internal Audit and Deputy General Managerno datano datano data
Jialin Liu
Managing Director of the Asset Management Departmentno datano datano data
Lu Zhou
Deputy Chief Executive Officer2.25yrsno datano data

2.4yrs

Average Tenure

54.5yo

Average Age

Experienced Management: 111's management team is considered experienced (2.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Fan Yu
Executive Chairman2.42yrsHK$1.09mno data
Zhijian Gong
Deputy Chairman & CEO6.17yrsHK$2.82mno data
Mun Chung Lau
Deputy CEO14yrsHK$2.47mno data
Kwok Wai Chow
Non Executive Director12.25yrsHK$240.00kno data
Muk Ming Hung
Independent Non-Executive Director12.25yrsHK$240.00kno data
Xiaofeng Liu
Independent Non-Executive Director4.67yrsHK$240.00kno data
Zhidong Xia
Independent Non-Executive Director4.67yrsHK$240.00kno data
Yi Zhang
Non-Executive Director1yrno datano data

4.7yrs

Average Tenure

55yo

Average Age

Experienced Board: 111'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

Cinda International Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Cinda International Holdings Limited
  • Ticker: 111
  • Exchange: SEHK
  • Founded: 2000
  • Industry: Investment Banking and Brokerage
  • Sector: Diversified Financials
  • Market Cap: HK$310.985m
  • Shares outstanding: 641.21m
  • Website: https://www.cinda.com.hk

Number of Employees


Location

  • Cinda International Holdings Limited
  • COSCO Tower
  • 45th Floor
  • Central
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
111SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDAug 2000

Biography

Cinda International Holdings Limited, an investment holding company, provides asset management services in Hong Kong and Mainland China. The company operates through Asset Management, Sales and Trading Bus...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/04 10:26
End of Day Share Price2021/03/04 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.