1905

Haitong Unitrust International Financial LeasingSEHK:1905 Stock Report

Market Cap

HK$9.4b

7D

-4.2%

1Y

-3.4%

Updated

16 Sep, 2021

Data

Company Financials +
1905 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth3/6
Past Performance2/6
Financial Health2/6
Dividends3/6

1905 Overview

Haitong Unitrust International Financial Leasing Co., Ltd., through its subsidiaries, operates as a financial leasing company in the People’s Republic of China.

Haitong Unitrust International Financial Leasing Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Haitong Unitrust International Financial Leasing
Historical stock prices
Current Share PriceHK$1.14
52 Week HighHK$1.06
52 Week LowHK$1.82
Beta0.61
1 Month Change-8.80%
3 Month Change-8.07%
1 Year Change-3.39%
3 Year Changen/a
5 Year Changen/a
Change since IPO-39.36%

Recent News & Updates

Shareholder Returns

1905HK Diversified FinancialHK Market
7D-4.2%-2.3%-4.1%
1Y-3.4%23.6%5.4%

Return vs Industry: 1905 underperformed the Hong Kong Diversified Financial industry which returned 26.7% over the past year.

Return vs Market: 1905 underperformed the Hong Kong Market which returned 7.3% over the past year.

Price Volatility

Is 1905's price volatile compared to industry and market?
1905 volatility
1905 Beta0.61
Industry Beta0.50
Market Beta1

Stable Share Price: 1905 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: 1905's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20041,723Xueqing Dinghttps://www.utfinancing.com

Haitong Unitrust International Financial Leasing Co., Ltd., through its subsidiaries, operates as a financial leasing company in the People’s Republic of China. It offers operating leasing services, factoring receivables, entrusted loans, and other loans, as well as advisory services; commercial and passenger vehicle leasing services; and aircraft leasing services. The company also engages in financing of aircraft related business; and government outsourcing and PPP project management businesses.

Haitong Unitrust International Financial Leasing Fundamentals Summary

How do Haitong Unitrust International Financial Leasing's earnings and revenue compare to its market cap?
1905 fundamental statistics
Market CapCN¥7.76b
Earnings (TTM)CN¥1.11b
Revenue (TTM)CN¥2.98b

7.0x

P/E Ratio

2.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
1905 income statement (TTM)
RevenueCN¥2.98b
Cost of RevenueCN¥0
Gross ProfitCN¥2.98b
ExpensesCN¥1.87b
EarningsCN¥1.11b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.14
Gross Margin100.00%
Net Profit Margin37.33%
Debt/Equity Ratio469.2%

How did 1905 perform over the long term?

See historical performance and comparison

Dividends

3.2%

Current Dividend Yield

47%

Payout Ratio

Does 1905 pay a reliable dividends?

See 1905 dividend history and benchmarks
When do you need to buy 1905 by to receive an upcoming dividend?
Haitong Unitrust International Financial Leasing dividend dates
Ex Dividend DateNov 10 2021
Dividend Pay DateDec 20 2021
Days until Ex dividend54 days
Days until Dividend pay date94 days

Does 1905 pay a reliable dividends?

See 1905 dividend history and benchmarks

Valuation

Is Haitong Unitrust International Financial Leasing 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: 1905 (HK$1.14) is trading below our estimate of fair value (HK$3.04)

Significantly Below Fair Value: 1905 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 1905's PE Ratio (7x) is in line with the Hong Kong Diversified Financial industry average.

PE vs Market: 1905 is good value based on its PE Ratio (7x) compared to the Hong Kong market (10.2x).


Price to Earnings Growth Ratio

PEG Ratio: 1905 is good value based on its PEG Ratio (0.5x)


Price to Book Ratio

PB vs Industry: 1905's PB Ratio (0.5x) is in line with the HK Diversified Financial industry average.


Future Growth

How is Haitong Unitrust International Financial Leasing forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

14.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1905's forecast earnings growth (14.2% per year) is above the savings rate (1.5%).

Earnings vs Market: 1905's earnings (14.2% per year) are forecast to grow slower than the Hong Kong market (17.1% per year).

High Growth Earnings: 1905's earnings are forecast to grow, but not significantly.

Revenue vs Market: 1905's revenue (23.1% per year) is forecast to grow faster than the Hong Kong market (12.2% per year).

High Growth Revenue: 1905's revenue (23.1% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 1905's Return on Equity is forecast to be low in 3 years time (9.1%).


Past Performance

How has Haitong Unitrust International Financial Leasing performed over the past 5 years?

6.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1905 has high quality earnings.

Growing Profit Margin: 1905's current net profit margins (37.3%) are lower than last year (42.2%).


Past Earnings Growth Analysis

Earnings Trend: 1905's earnings have grown by 6.9% per year over the past 5 years.

Accelerating Growth: 1905's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 1905 had negative earnings growth (-6.4%) over the past year, making it difficult to compare to the Diversified Financial industry average (8%).


Return on Equity

High ROE: 1905's Return on Equity (7.1%) is considered low.


Financial Health

How is Haitong Unitrust International Financial Leasing's financial position?


Financial Position Analysis

Short Term Liabilities: 1905's short term assets (CN¥78.6B) exceed its short term liabilities (CN¥50.3B).

Long Term Liabilities: 1905's short term assets (CN¥78.6B) exceed its long term liabilities (CN¥43.9B).


Debt to Equity History and Analysis

Debt Level: 1905's debt to equity ratio (469.2%) is considered high.

Reducing Debt: 1905's debt to equity ratio has increased from 318.2% to 469.2% over the past 5 years.

Debt Coverage: 1905's debt is not well covered by operating cash flow (0.08%).

Interest Coverage: Insufficient data to determine if 1905's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is Haitong Unitrust International Financial Leasing current dividend yield, its reliability and sustainability?

3.18%

Current Dividend Yield


Upcoming Dividend Payment

TodaySep 17 2021Ex Dividend DateNov 10 2021Dividend Pay DateDec 20 202140 days from Ex DividendBuy in the next 54 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: 1905's dividend (3.18%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.21%).

High Dividend: 1905's dividend (3.18%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.67%).


Stability and Growth of Payments

Stable Dividend: 1905 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 1905 has only been paying a dividend for 2 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (46.6%), 1905's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 1905's dividends in 3 years are forecast to be well covered by earnings (25% payout ratio).


Next Steps

Management

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

6.8yrs

Average management tenure


CEO

Xueqing Ding (57 yo)

6.17yrs

Tenure

CN¥6,786,000

Compensation

Mr. Xueqing Ding is Chairman at Haitong Unitrust International Financial Leasing Co., Ltd. He has been Executive Director at Haitong Unitrust International Financial Leasing Co., Ltd. since November 2014 a...


CEO Compensation Analysis

Compensation vs Market: Xueqing's total compensation ($USD1.05M) is above average for companies of similar size in the Hong Kong market ($USD613.53K).

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


Leadership Team

Experienced Management: 1905's management team is seasoned and experienced (6.8 years average tenure).


Board Members

Experienced Board: 1905's board of directors are considered experienced (4.3 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

Haitong Unitrust International Financial Leasing Co., Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Haitong Unitrust International Financial Leasing Co., Ltd.
  • Ticker: 1905
  • Exchange: SEHK
  • Founded: 2004
  • Industry: Specialized Finance
  • Sector: Diversified Financials
  • Market Cap: HK$9.388b
  • Shares outstanding: 8.24b
  • Website: https://www.utfinancing.com

Number of Employees


Location

  • Haitong Unitrust International Financial Leasing Co., Ltd.
  • Haitong Unitrust Tower
  • No. 599 South Zhongshan Road
  • Shanghai
  • 200001
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/16 15:35
End of Day Share Price2021/09/16 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.