| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 0/6 |
| Past Performance | 2/6 |
| Financial Health | 3/6 |
| Dividends | 5/6 |
1428 Stock Overview
Bright Smart Securities & Commodities Group Limited, an investment holding company, provides financial services in Hong Kong.
Bright Smart Securities & Commodities Group Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | HK$1.33 |
| 52 Week High | HK$2.30 |
| 52 Week Low | HK$1.16 |
| Beta | 1.42 |
| 1 Month Change | -7.64% |
| 3 Month Change | -12.50% |
| 1 Year Change | -36.97% |
| 3 Year Change | -12.50% |
| 5 Year Change | -42.67% |
| Change since IPO | -23.56% |
Recent News & Updates
Bright Smart Securities & Commodities Group's (HKG:1428) Shareholders Will Receive A Smaller Dividend Than Last Year
Bright Smart Securities & Commodities Group Limited ( HKG:1428 ) is reducing its dividend to HK$0.13 on the 9th of...
Bright Smart Securities & Commodities Group's (HKG:1428) Shareholders Will Receive A Smaller Dividend Than Last Year
Bright Smart Securities & Commodities Group Limited ( HKG:1428 ) has announced it will be reducing its dividend payable...
Shareholder Returns
| 1428 | HK Capital Markets | HK Market | |
|---|---|---|---|
| 7D | 0% | 0.3% | 0.05% |
| 1Y | -37.0% | -26.5% | -25.2% |
Return vs Industry: 1428 underperformed the Hong Kong Capital Markets industry which returned -26.6% over the past year.
Return vs Market: 1428 underperformed the Hong Kong Market which returned -24.4% over the past year.
Price Volatility
| 1428 volatility | |
|---|---|
| 1428 Average Weekly Movement | 5.3% |
| Capital Markets Industry Average Movement | 7.8% |
| Market Average Movement | 8.0% |
| 10% most volatile stocks in HK Market | 14.9% |
| 10% least volatile stocks in HK Market | 3.9% |
Stable Share Price: 1428 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: 1428's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1995 | 259 | Edmond Hui | https://www.bsgroup.com.hk |
Bright Smart Securities & Commodities Group Limited, an investment holding company, provides financial services in Hong Kong. It operates through three segments: Securities Broking, Commodities and Futures Broking, and Bullion Trading. The company offers securities, commodities, and futures and stock options brokerage services; margin financing services; initial public offering brokerage and financing services; and forex and bullion trading services.
Bright Smart Securities & Commodities Group Fundamentals Summary
| 1428 fundamental statistics | |
|---|---|
| Market Cap | HK$2.26b |
| Earnings (TTM) | HK$652.76m |
| Revenue (TTM) | HK$1.24b |
3.5x
P/E Ratio1.8x
P/S RatioIs 1428 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 1428 income statement (TTM) | |
|---|---|
| Revenue | HK$1.24b |
| Cost of Revenue | HK$0 |
| Gross Profit | HK$1.24b |
| Other Expenses | HK$591.31m |
| Earnings | HK$652.76m |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.38 |
| Gross Margin | 100.00% |
| Net Profit Margin | 52.47% |
| Debt/Equity Ratio | 345.6% |
How did 1428 perform over the long term?
See historical performance and comparisonDividends
9.8%
Current Dividend Yield34%
Payout RatioValuation
Is Bright Smart Securities & Commodities Group undervalued compared to its fair value and its price relative to the market?
Valuation Score
4/6Valuation Score 4/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 1428 (HK$1.33) is trading below our estimate of fair value (HK$3.08)
Significantly Below Fair Value: 1428 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 1428 is good value based on its PE Ratio (3.5x) compared to the Hong Kong Capital Markets industry average (8.2x).
PE vs Market: 1428 is good value based on its PE Ratio (3.5x) compared to the Hong Kong market (8.8x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 1428's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 1428 is overvalued based on its PB Ratio (1x) compared to the HK Capital Markets industry average (0.5x).
Future Growth
How is Bright Smart Securities & Commodities Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score
0/6Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
16.4%
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 Bright Smart Securities & Commodities Group 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 Bright Smart Securities & Commodities Group performed over the past 5 years?
Past Performance Score
2/6Past Performance Score 2/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
16.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 1428 has high quality earnings.
Growing Profit Margin: 1428's current net profit margins (52.5%) are lower than last year (54.2%).
Past Earnings Growth Analysis
Earnings Trend: 1428's earnings have grown by 16.4% per year over the past 5 years.
Accelerating Growth: 1428's earnings growth over the past year (7.8%) is below its 5-year average (16.4% per year).
Earnings vs Industry: 1428 earnings growth over the past year (7.8%) underperformed the Capital Markets industry 17.9%.
Return on Equity
High ROE: Whilst 1428's Return on Equity (29.61%) is high, this metric is skewed due to their high level of debt.
Financial Health
How is Bright Smart Securities & Commodities Group's financial position?
Financial Health Score
3/6Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: 1428's short term assets (HK$11.6B) exceed its short term liabilities (HK$9.6B).
Long Term Liabilities: 1428's short term assets (HK$11.6B) exceed its long term liabilities (HK$4.2M).
Debt to Equity History and Analysis
Debt Level: 1428's net debt to equity ratio (314.7%) is considered high.
Reducing Debt: 1428's debt to equity ratio has increased from 147.2% to 345.6% over the past 5 years.
Debt Coverage: 1428's debt is well covered by operating cash flow (237.2%).
Interest Coverage: Insufficient data to determine if 1428's interest payments on its debt are well covered by EBIT.
Balance Sheet
Dividend
What is Bright Smart Securities & Commodities Group current dividend yield, its reliability and sustainability?
Dividend Score
4/6Dividend Score 4/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
9.77%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 1428's dividend (9.77%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.93%).
High Dividend: 1428's dividend (9.77%) is in the top 25% of dividend payers in the Hong Kong market (7.81%)
Stability and Growth of Payments
Stable Dividend: 1428's dividend payments have been volatile in the past 10 years.
Growing Dividend: 1428's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (33.8%), 1428's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (1.2%), 1428's dividend payments are thoroughly covered by cash flows.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
10.6yrs
Average management tenure
CEO
Edmond Hui (47 yo)
6yrs
Tenure
HK$7,767,000
Compensation
Mr. Yik Bun Hui, also known as Edmond, has been the Chief Executive Officer of Bright Smart Securities & Commodities Group Limited since May 31, 2016. Mr. Hui served as a Co-Chief Executive Officer of Brig...
CEO Compensation Analysis
Compensation vs Market: Edmond's total compensation ($USD989.43K) is above average for companies of similar size in the Hong Kong market ($USD301.79K).
Compensation vs Earnings: Edmond's compensation has increased by more than 20% in the past year.
Leadership Team
Experienced Management: 1428's management team is seasoned and experienced (10.6 years average tenure).
Board Members
Experienced Board: 1428's board of directors are seasoned and experienced ( 11.8 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
Bright Smart Securities & Commodities Group Limited's employee growth, exchange listings and data sources
Key Information
- Name: Bright Smart Securities & Commodities Group Limited
- Ticker: 1428
- Exchange: SEHK
- Founded: 1995
- Industry: Investment Banking and Brokerage
- Sector: Diversified Financials
- Implied Market Cap: HK$2.257b
- Shares outstanding: 1.70b
- Website: https://www.bsgroup.com.hk
Number of Employees
Location
- Bright Smart Securities & Commodities Group Limited
- Wing On House
- 10th Floor and 23th Floor
- Central
- Hong Kong
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/05/16 00:00 |
| End of Day Share Price | 2022/05/16 00:00 |
| Earnings | 2021/09/30 |
| Annual Earnings | 2021/03/31 |
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.