SEHK:2858

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Executive Summary

Yixin Group Limited, an investment holding company, operates as an online financed automobile transaction platform in the People’s Republic of China. More Details

Rewards

Revenue is forecast to grow 23.9% per year

Risk Analysis

No risks detected for 2858 from our risk checks.


Snowflake Analysis

Excellent balance sheet with limited growth.


Similar Companies

Share Price & News

How has Yixin Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 2858 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 1% a week.

Volatility Over Time: 2858's weekly volatility has decreased from 6% to 1% over the past year.


Market Performance


7 Day Return

1.1%

2858

1.4%

HK Consumer Finance

1.1%

HK Market


1 Year Return

6.7%

2858

-2.9%

HK Consumer Finance

8.2%

HK Market

Return vs Industry: 2858 exceeded the Hong Kong Consumer Finance industry which returned -2.9% over the past year.

Return vs Market: 2858 underperformed the Hong Kong Market which returned 8.2% over the past year.


Shareholder returns

2858IndustryMarket
7 Day1.1%1.4%1.1%
30 Day-0.5%1.6%7.2%
90 Day-4.0%-9.0%5.2%
1 Year6.7%6.7%0.04%-2.9%12.6%8.2%
3 Year-72.7%-72.7%-34.1%-38.2%0.4%-10.0%
5 Yearn/a-28.5%-39.7%30.6%8.5%

Long-Term Price Volatility Vs. Market

How volatile is Yixin Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Yixin Group undervalued compared to its fair value and its price relative to the market?

0.7x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 2858's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 2858's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 2858 is unprofitable, so we can't compare its PE Ratio to the HK Consumer Finance industry average.

PE vs Market: 2858 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 2858's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 2858 is overvalued based on its PB Ratio (0.7x) compared to the HK Consumer Finance industry average (0.4x).


Next Steps

Future Growth

How is Yixin Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

23.9%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if 2858's forecast earnings growth is above the savings rate (1.6%).

Earnings vs Market: Insufficient data to determine if 2858'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: 2858's revenue (23.9% per year) is forecast to grow faster than the Hong Kong market (13.6% per year).

High Growth Revenue: 2858's revenue (23.9% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 2858's Return on Equity is forecast to be low in 3 years time (3%).


Next Steps

Past Performance

How has Yixin Group performed over the past 5 years?

31.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 2858 is currently unprofitable.

Growing Profit Margin: 2858 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 2858 is unprofitable, but has reduced losses over the past 5 years at a rate of 31.9% per year.

Accelerating Growth: Unable to compare 2858's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 2858 is unprofitable, making it difficult to compare its past year earnings growth to the Consumer Finance industry (-19.7%).


Return on Equity

High ROE: 2858 has a negative Return on Equity (-7.76%), as it is currently unprofitable.


Next Steps

Financial Health

How is Yixin Group's financial position?


Financial Position Analysis

Short Term Liabilities: 2858's short term assets (CN¥25.0B) exceed its short term liabilities (CN¥14.1B).

Long Term Liabilities: 2858's short term assets (CN¥25.0B) exceed its long term liabilities (CN¥3.0B).


Debt to Equity History and Analysis

Debt Level: 2858's debt to equity ratio (94.6%) is considered high.

Reducing Debt: 2858's debt to equity ratio has reduced from 1225.6% to 94.6% over the past 5 years.


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 2858 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: 2858 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 41% per year.


Next Steps

Dividend

What is Yixin Group current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 2858's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 2858'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 2858's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 2858'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 2858'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?

2.8yrs

Average management tenure


CEO

Andy Xuan (44 yo)

no data

Tenure

CN¥77,535,000

Compensation

Mr. Zhang Xuan, also known as Andy, has been the Chief Executive Officer of Bitauto Holdings Limited since January 12, 2018. Mr. Xuan has also served as Chief Executive Officer, Executive Director and Chai...


CEO Compensation Analysis

Compensation vs Market: Andy's total compensation ($USD11.79M) is above average for companies of similar size in the Hong Kong market ($USD588.95K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Zhang Xuan
Chairman & CEOno dataCN¥77.54mno data
Jiang Dong
President & Executive Director3.17yrsCN¥21.45mno data
Zhifeng Jia
Chief Technology Officer3.5yrsno datano data
Xu Ming
Acting Chief Financial Officer1yrno datano data
Zhi Gao
Chief Operating Officerno datano datano data
Wei Zheng
Senior Vice President of Used Automobile Businessno datano datano data
Wah Cheng Man
Company Secretary2.67yrsno datano data
Nick Hu
Financial Controllerno datano datano data

2.8yrs

Average Tenure

47yo

Average Age

Experienced Management: 2858's management team is considered experienced (2.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Zhang Xuan
Chairman & CEOno dataCN¥77.54mno data
Jiang Dong
President & Executive Director3.17yrsCN¥21.45mno data
Tin Fan Yuen
Independent Non-Executive Director3yrsCN¥2.08m0%
CN¥ 0
Li Dong
Independent Non-Executive Director3yrsCN¥1.22mno data
Tun Ho Kwok
Independent Non-Executive Director3yrsCN¥2.08mno data
Ming Lai Chi
Non-Executive Director3.42yrsno datano data
Chenkai Ling
Non-Executive Director3.42yrsno datano data
Zhou Huan
Non-Executive Director1.5yrsno datano data

3.0yrs

Average Tenure

48yo

Average Age

Experienced Board: 2858's board of directors are considered experienced (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

Yixin Group Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Yixin Group Limited
  • Ticker: 2858
  • Exchange: SEHK
  • Founded: 2013
  • Industry: Consumer Finance
  • Sector: Diversified Financials
  • Market Cap: HK$12.179b
  • Shares outstanding: 6.38b
  • Website: https://www.yixincars.com

Number of Employees


Location

  • Yixin Group Limited
  • Yixin Building, 1 North
  • 2nd Floor
  • Shanghai
  • Shanghai Province
  • 200127
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
2858SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDNov 2017
1YXDB (Deutsche Boerse AG)YesOrdinary SharesDEEURNov 2017
2858SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesOrdinary SharesHKHKDNov 2017
2858SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesOrdinary SharesHKHKDNov 2017

Biography

Yixin Group Limited, an investment holding company, operates as an online financed automobile transaction platform in the People’s Republic of China. The company operates in two segments, Transaction Platf...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/27 10:20
End of Day Share Price2020/11/27 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.