Snowflake Score | |
---|---|
Valuation | 5/6 |
Future Growth | 4/6 |
Past Performance | 5/6 |
Financial Health | 5/6 |
Dividends | 3/6 |
1911 Stock Overview
China Renaissance Holdings Limited, an investment holding company, engages in investment banking and investment management businesses in Mainland China, Hong Kong, and the United States.
China Renaissance Holdings Competitors
Price History & Performance
Historical stock prices | |
---|---|
Current Share Price | HK$9.02 |
52 Week High | HK$22.90 |
52 Week Low | HK$7.94 |
Beta | 0.59 |
1 Month Change | 12.05% |
3 Month Change | 2.85% |
1 Year Change | -50.39% |
3 Year Change | -36.48% |
5 Year Change | n/a |
Change since IPO | -63.48% |
Recent News & Updates
Shareholder Returns
1911 | HK Capital Markets | HK Market | |
---|---|---|---|
7D | 3.3% | 0.4% | 0.3% |
1Y | -50.4% | -23.2% | -21.8% |
Return vs Industry: 1911 underperformed the Hong Kong Capital Markets industry which returned -23.2% over the past year.
Return vs Market: 1911 underperformed the Hong Kong Market which returned -21.8% over the past year.
Price Volatility
1911 volatility | |
---|---|
1911 Average Weekly Movement | 6.5% |
Capital Markets Industry Average Movement | 7.0% |
Market Average Movement | 6.5% |
10% most volatile stocks in HK Market | 12.7% |
10% least volatile stocks in HK Market | 3.2% |
Stable Share Price: 1911 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: 1911's weekly volatility (7%) has been stable over the past year.
About the Company
Founded | Employees | CEO | Website |
---|---|---|---|
2005 | 737 | Fan Bao | https://www.huaxing.com |
China Renaissance Holdings Limited, an investment holding company, engages in investment banking and investment management businesses in Mainland China, Hong Kong, and the United States. It operates through Investment Banking, Investment Management, CR Securities, and Others segments. The Investment Banking segment offers financial advisory, and merger and acquisition advisory services; equity underwriting, sales, trading, brokerage, and research services; and structured financing services, which include exploring and developing non-equity financing services for new-economy firms.
China Renaissance Holdings Fundamentals Summary
1911 fundamental statistics | |
---|---|
Market Cap | CN¥4.31b |
Earnings (TTM) | CN¥1.62b |
Revenue (TTM) | CN¥2.35b |
2.7x
P/E Ratio1.8x
P/S RatioIs 1911 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
1911 income statement (TTM) | |
---|---|
Revenue | CN¥2.35b |
Cost of Revenue | CN¥0 |
Gross Profit | CN¥2.35b |
Other Expenses | CN¥729.57m |
Earnings | CN¥1.62b |
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
n/a
Earnings per share (EPS) | 2.92 |
Gross Margin | 100.00% |
Net Profit Margin | 69.01% |
Debt/Equity Ratio | 39.6% |
How did 1911 perform over the long term?
See historical performance and comparisonDividends
4.9%
Current Dividend Yield12%
Payout RatioValuation
Is 1911 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
5/6Valuation Score 5/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Analyst Forecast
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 1911?
Other financial metrics that can be useful for relative valuation.
What is 1911's n/a Ratio? | |
---|---|
n/a Ratio | 0x |
n/a | n/a |
Market Cap | CN¥4.31b |
Key Statistics | |
---|---|
Enterprise Value/Revenue | n/a |
Enterprise Value/EBITDA | n/a |
PEG Ratio | 0.3x |
Price to Earnings Ratio vs Peers
How does 1911's PE Ratio compare to its peers?
1911 PE Ratio vs Peers |
---|
Company | PE | Estimated Growth | Market Cap |
---|---|---|---|
Peer Average | 10.5x | ||
3678 Holly Futures | 13.4x | n/a | HK$4.1b |
1788 Guotai Junan International Holdings | 7x | 12.2% | HK$7.6b |
1476 Hengtai Securities | 20.7x | n/a | HK$6.7b |
279 Arta TechFin | 1x | n/a | HK$2.8b |
1911 China Renaissance Holdings | 2.7x | 10.1% | HK$5.0b |
Price-To-Earnings vs Peers: 1911 is good value based on its Price-To-Earnings Ratio (2.7x) compared to the peer average (10.5x).
Price to Earnings Ratio vs Industry
How does 1911's PE Ratio compare vs other companies in the HK Capital Markets Industry?
Price-To-Earnings vs Industry: 1911 is good value based on its Price-To-Earnings Ratio (2.7x) compared to the Hong Kong Capital Markets industry average (9.6x)
Price to Earnings Ratio vs Fair Ratio
What is 1911's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
Fair Ratio | |
---|---|
Current PE Ratio | 2.7x |
Fair PE Ratio | 5.1x |
Price-To-Earnings vs Fair Ratio: 1911 is good value based on its Price-To-Earnings Ratio (2.7x) compared to the estimated Fair Price-To-Earnings Ratio (5.1x).
Share Price vs Fair Value
What is the Fair Price of 1911 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 1911 (HK$9.02) is trading below our estimate of fair value (HK$55.85)
Significantly Below Fair Value: 1911 is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.
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Future Growth
How is China Renaissance Holdings forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Future Growth Score
4/6Future Growth Score 4/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
10.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 1911's forecast earnings growth (10.1% per year) is above the savings rate (1.6%).
Earnings vs Market: 1911's earnings (10.1% per year) are forecast to grow slower than the Hong Kong market (16.8% per year).
High Growth Earnings: 1911's earnings are forecast to grow, but not significantly.
Revenue vs Market: 1911's revenue (20.3% per year) is forecast to grow faster than the Hong Kong market (10% per year).
High Growth Revenue: 1911's revenue (20.3% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 1911's Return on Equity is forecast to be high in 3 years time (20%)
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Past Performance
How has China Renaissance Holdings performed over the past 5 years?
Past Performance Score
5/6Past Performance Score 5/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
65.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 1911 has high quality earnings.
Growing Profit Margin: 1911's current net profit margins (69%) are higher than last year (38.2%).
Past Earnings Growth Analysis
Earnings Trend: 1911's earnings have grown significantly by 65.1% per year over the past 5 years.
Accelerating Growth: 1911's earnings growth over the past year (56.5%) is below its 5-year average (65.1% per year).
Earnings vs Industry: 1911 earnings growth over the past year (56.5%) exceeded the Capital Markets industry 10.2%.
Return on Equity
High ROE: 1911's Return on Equity (20.8%) is considered high.
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Financial Health
How is China Renaissance Holdings's financial position?
Financial Health Score
5/6Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: 1911's short term assets (CN¥7.7B) exceed its short term liabilities (CN¥4.5B).
Long Term Liabilities: 1911's short term assets (CN¥7.7B) exceed its long term liabilities (CN¥1.8B).
Debt to Equity History and Analysis
Debt Level: 1911 has more cash than its total debt.
Reducing Debt: 1911's debt to equity ratio has reduced from 292.9% to 39.6% over the past 5 years.
Debt Coverage: 1911's debt is well covered by operating cash flow (54.2%).
Interest Coverage: Insufficient data to determine if 1911's interest payments on its debt are well covered by EBIT.
Balance Sheet
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Dividend
What is China Renaissance Holdings's current dividend yield, its reliability and sustainability?
Dividend Score
3/6Dividend Score 3/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage
4.91%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 1911's dividend (4.91%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.86%).
High Dividend: 1911's dividend (4.91%) is low compared to the top 25% of dividend payers in the Hong Kong market (8.26%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, 1911 has been paying a dividend for less than 10 years.
Growing Dividend: 1911's dividend payments have increased, but the company has only paid a dividend for 2 years.
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (11.6%), 1911's dividend payments are thoroughly covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (12.9%), 1911's dividend payments are thoroughly covered by cash flows.
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Management
How experienced are the management team and are they aligned to shareholders interests?
2.0yrs
Average board tenure
CEO
Fan Bao (52 yo)
no data
Tenure
CN¥29,161,000
Compensation
Mr. Fan Bao serves as Director at China Renaissance Securities (Hong Kong) Limited. Mr. Bao serves as the Chief Executive Officer and Chairman of China Renaissance Partners. Mr. Bao founded China Renaissan...
CEO Compensation Analysis
Compensation vs Market: Fan's total compensation ($USD4.32M) is above average for companies of similar size in the Hong Kong market ($USD547.70K).
Compensation vs Earnings: Fan's compensation has been consistent with company performance over the past year.
Board Members
Experienced Board: 1911's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: 1911 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 Renaissance Holdings Limited's employee growth, exchange listings and data sources
Key Information
- Name: China Renaissance Holdings Limited
- Ticker: 1911
- Exchange: SEHK
- Founded: 2005
- Industry: Investment Banking and Brokerage
- Sector: Diversified Financials
- Implied Market Cap: HK$5.014b
- Shares outstanding: 555.83m
- Website: https://www.huaxing.com
Number of Employees
Location
- China Renaissance Holdings Limited
- Pacific Century Place
- Gate 1, Space 8
- Beijing
- 100027
- China
Listings
Company Analysis and Financial Data Status
Data | Last Updated (UTC time) |
---|---|
Company Analysis | 2022/08/14 00:00 |
End of Day Share Price | 2022/08/12 00:00 |
Earnings | 2021/12/31 |
Annual Earnings | 2021/12/31 |
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.