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165

China EverbrightSEHK:165 Stock Report

Market Cap

HK$15.2b

7D

-1.3%

1Y

-18.7%

Updated

21 Oct, 2021

Data

Company Financials +
165 fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance4/6
Financial Health2/6
Dividends5/6

165 Overview

China Everbright Limited, through its subsidiaries, engages in the investment activities and provision of financial services in Hong Kong and Mainland China.

China Everbright Competitors

Price History & Performance

Summary of all time highs, changes and price drops for China Everbright
Historical stock prices
Current Share PriceHK$9.02
52 Week HighHK$8.27
52 Week LowHK$12.00
Beta0.78
1 Month Change-0.44%
3 Month Change0.22%
1 Year Change-18.74%
3 Year Change-32.79%
5 Year Change-41.20%
Change since IPO211.04%

Recent News & Updates

Sep 11
China Everbright (HKG:165) Is Increasing Its Dividend To HK$0.28

China Everbright (HKG:165) Is Increasing Its Dividend To HK$0.28

China Everbright Limited's ( HKG:165 ) dividend will be increasing to HK$0.28 on 8th of October. This will take the...

Aug 28
China Everbright (HKG:165) Is Increasing Its Dividend To HK$0.28

China Everbright (HKG:165) Is Increasing Its Dividend To HK$0.28

The board of China Everbright Limited ( HKG:165 ) has announced that the dividend on 8th of October will be increased...

Shareholder Returns

165HK Capital MarketsHK Market
7D-1.3%2.9%1.8%
1Y-18.7%8.3%5.7%

Return vs Industry: 165 underperformed the Hong Kong Capital Markets industry which returned 8.8% over the past year.

Return vs Market: 165 underperformed the Hong Kong Market which returned 6.2% over the past year.

Price Volatility

Is 165's price volatile compared to industry and market?
165 volatility
165 Beta0.78
Industry Beta0.85
Market Beta1

Stable Share Price: 165 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 165's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1972299Mingao Zhanghttps://www.everbright.com

China Everbright Limited, through its subsidiaries, engages in the investment activities and provision of financial services in Hong Kong and Mainland China. The company invests in unlisted equity securities or equity derivatives, as well as in the areas of new economy, artificial intelligence and advanced manufacturing, new energy, medical care and senior healthcare, overseas acquisition and infrastructure, real estate, aircraft industry chain, mezzanine fund, and others. It also focuses on investing in aircraft leasing, artificial intelligence of things, and elderly care industry platforms; and investing in equity, debts, structured products, and other products.

China Everbright Fundamentals Summary

How do China Everbright's earnings and revenue compare to its market cap?
165 fundamental statistics
Market CapHK$15.20b
Earnings (TTM)HK$3.28b
Revenue (TTM)HK$6.04b

4.6x

P/E Ratio

2.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
165 income statement (TTM)
RevenueHK$6.04b
Cost of RevenueHK$1.20b
Gross ProfitHK$4.84b
ExpensesHK$1.56b
EarningsHK$3.28b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.95
Gross Margin80.14%
Net Profit Margin54.26%
Debt/Equity Ratio76.5%

How did 165 perform over the long term?

See historical performance and comparison

Dividends

7.0%

Current Dividend Yield

32%

Payout Ratio

Valuation

Is China Everbright 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: 165 (HK$9.02) is trading below our estimate of fair value (HK$21.11)

Significantly Below Fair Value: 165 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 165 is good value based on its PE Ratio (4.6x) compared to the Hong Kong Capital Markets industry average (8.7x).

PE vs Market: 165 is good value based on its PE Ratio (4.6x) compared to the Hong Kong market (9.7x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 165's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 165 is good value based on its PB Ratio (0.3x) compared to the HK Capital Markets industry average (0.7x).


Future Growth

How is China Everbright forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

2.0%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if 165's forecast earnings growth is above the savings rate (1.5%).

Earnings vs Market: Insufficient data to determine if 165's earnings are forecast to grow faster than the Hong Kong market

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

Revenue vs Market: 165's revenue (2% per year) is forecast to grow slower than the Hong Kong market (12.6% per year).

High Growth Revenue: 165's revenue (2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 165's Return on Equity is forecast to be low in 3 years time (6.9%).


Past Performance

How has China Everbright performed over the past 5 years?

-13.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 165 has high quality earnings.

Growing Profit Margin: 165's current net profit margins (54.3%) are higher than last year (35.4%).


Past Earnings Growth Analysis

Earnings Trend: 165's earnings have declined by 13.5% per year over the past 5 years.

Accelerating Growth: 165's earnings growth over the past year (187.7%) exceeds its 5-year average (-13.5% per year).

Earnings vs Industry: 165 earnings growth over the past year (187.7%) exceeded the Capital Markets industry 52.6%.


Return on Equity

High ROE: 165's Return on Equity (6.7%) is considered low.


Financial Health

How is China Everbright's financial position?


Financial Position Analysis

Short Term Liabilities: 165's short term assets (HK$26.5B) exceed its short term liabilities (HK$20.3B).

Long Term Liabilities: 165's short term assets (HK$26.5B) do not cover its long term liabilities (HK$34.9B).


Debt to Equity History and Analysis

Debt Level: 165's debt to equity ratio (76.5%) is considered high.

Reducing Debt: 165's debt to equity ratio has increased from 38.9% to 76.5% over the past 5 years.

Debt Coverage: 165's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 165's interest payments on its debt are well covered by EBIT (5.1x coverage).


Balance Sheet


Dividend

What is China Everbright current dividend yield, its reliability and sustainability?

6.98%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 165's dividend (6.98%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.26%).

High Dividend: 165's dividend (6.98%) is in the top 25% of dividend payers in the Hong Kong market (6.79%)


Stability and Growth of Payments

Stable Dividend: 165's dividend payments have been volatile in the past 10 years.

Growing Dividend: 165's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (32.4%), 165's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 165's dividends in 3 years are forecast to be well covered by earnings (36.2% payout ratio).


Next Steps

Management

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

0.6yrs

Average management tenure


CEO

Mingao Zhang (53 yo)

0.58

Tenure

HK$4,232,000

Compensation

Mr. Mingao Zhang serves as President at China Everbright Limited since March 24, 2021. Mr. Zhang was the General Manager of Asset Management Department of China Everbright Bank Company Limited (“Everbright...


CEO Compensation Analysis

Compensation vs Market: Mingao's total compensation ($USD544.35K) is about average for companies of similar size in the Hong Kong market ($USD528.74K).

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


Leadership Team

Experienced Management: 165's management team is not considered experienced ( 0.6 years average tenure), which suggests a new team.


Board Members

Experienced Board: 165's board of directors are considered experienced (6.5 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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

China Everbright Limited's employee growth, exchange listings and data sources


Key Information

  • Name: China Everbright Limited
  • Ticker: 165
  • Exchange: SEHK
  • Founded: 1972
  • Industry: Diversified Capital Markets
  • Sector: Diversified Financials
  • Market Cap: HK$15.201b
  • Shares outstanding: 1.69b
  • Website: https://www.everbright.com

Number of Employees


Location

  • China Everbright Limited
  • Far East Finance Centre
  • 46th Floor
  • Hong Kong
  • Hong Kong

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/21 18:03
End of Day Share Price2021/10/21 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.