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260

AVIC Joy Holdings (HK)SEHK:260 Stock Report

Market Cap

HK$130.8m

7D

-4.3%

1Y

-43.6%

Updated

16 Oct, 2021

Data

Company Financials
260 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health2/6
Dividends0/6

260 Overview

AVIC Joy Holdings (HK) Limited, an investment holding company, provides finance lease and loan services in the People’s Republic of China.

Price History & Performance

Summary of all time highs, changes and price drops for AVIC Joy Holdings (HK)
Historical stock prices
Current Share PriceHK$0.022
52 Week HighHK$0.02
52 Week LowHK$0.045
Beta0.36
1 Month Change-12.00%
3 Month Change-24.14%
1 Year Change-43.59%
3 Year Change-63.33%
5 Year Change-85.99%
Change since IPO-99.82%

Recent News & Updates

Shareholder Returns

260HK Diversified FinancialHK Market
7D-4.3%0.4%1.1%
1Y-43.6%17.5%5.3%

Return vs Industry: 260 underperformed the Hong Kong Diversified Financial industry which returned 17.5% over the past year.

Return vs Market: 260 underperformed the Hong Kong Market which returned 5.3% over the past year.

Price Volatility

Is 260's price volatile compared to industry and market?
260 volatility
260 Beta0.36
Industry Beta0.52
Market Beta1

Stable Share Price: 260 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: 260's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a28Hon Wei Chanhttps://www.avicjoyhk.com

AVIC Joy Holdings (HK) Limited, an investment holding company, provides finance lease and loan services in the People’s Republic of China. It also provides property investment and land development services; sells construction materials; and manages and operates light-emitting diode energy management contracts. The company was formerly known as China Environmental Investment Holdings Limited and changed its name to AVIC Joy Holdings (HK) Limited in November 2014.

AVIC Joy Holdings (HK) Fundamentals Summary

How do AVIC Joy Holdings (HK)'s earnings and revenue compare to its market cap?
260 fundamental statistics
Market CapHK$130.76m
Earnings (TTM)-HK$48.19m
Revenue (TTM)n/a

-2.1x

P/S Ratio

-2.7x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
260 income statement (TTM)
Revenue-HK$63.57m
Cost of RevenueHK$0
Gross Profit-HK$63.57m
Expenses-HK$15.39m
Earnings-HK$48.19m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0081
Gross Margin100.00%
Net Profit Margin75.80%
Debt/Equity Ratio-192.7%

How did 260 perform over the long term?

See historical performance and comparison

Valuation

Is AVIC Joy Holdings (HK) 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: 260 (HK$0.02) is trading below our estimate of fair value (HK$0.54)

Significantly Below Fair Value: 260 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 260 is unprofitable, so we can't compare its PE Ratio to the Hong Kong Diversified Financial industry average.

PE vs Market: 260 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 260's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 260 has negative assets, so we can't compare its PB Ratio to the HK Diversified Financial industry average.


Future Growth

How is AVIC Joy Holdings (HK) forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

17.8%

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 AVIC Joy Holdings (HK) 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 AVIC Joy Holdings (HK) performed over the past 5 years?

2.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 260 is currently unprofitable.

Growing Profit Margin: 260 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 260 is unprofitable, but has reduced losses over the past 5 years at a rate of 2.4% per year.

Accelerating Growth: Unable to compare 260's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 260 is unprofitable, making it difficult to compare its past year earnings growth to the Diversified Financial industry (8%).


Return on Equity

High ROE: 260's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Financial Health

How is AVIC Joy Holdings (HK)'s financial position?


Financial Position Analysis

Short Term Liabilities: 260 has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: 260 has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: 260 has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: 260's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable 260 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: 260 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 24.8% per year.


Dividend

What is AVIC Joy Holdings (HK) current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 260's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 260'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 260's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 260'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 260'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?

1.1yrs

Average management tenure


CEO

Hon Wei Chan (34 yo)

1.08yrs

Tenure

HK$435,000

Compensation

Mr. Hon Wei Chan serves as executive Director, the Chief Executive Officer and the Chairman at AVIC Joy Holdings (HK) Limited since September 18, 2020. Mr. Chan has experience in corporate management and o...


CEO Compensation Analysis

Compensation vs Market: Hon Wei's total compensation ($USD55.92K) is below average for companies of similar size in the Hong Kong market ($USD230.29K).

Compensation vs Earnings: Insufficient data to compare Hon Wei's compensation with company performance.


Leadership Team

Experienced Management: 260's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.


Board Members

Experienced Board: 260's board of directors are not considered experienced ( 1.1 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: 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

AVIC Joy Holdings (HK) Limited's employee growth, exchange listings and data sources


Key Information

  • Name: AVIC Joy Holdings (HK) Limited
  • Ticker: 260
  • Exchange: SEHK
  • Founded: NaN
  • Industry: Specialized Finance
  • Sector: Diversified Financials
  • Market Cap: HK$130.762m
  • Shares outstanding: 5.94b
  • Website: https://www.avicjoyhk.com

Number of Employees


Location

  • AVIC Joy Holdings (HK) Limited
  • Lippo Centre, Tower 1
  • 25th Floor
  • Admiralty
  • Hong Kong

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/16 10:05
End of Day Share Price2021/10/15 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.