SEHK:2858

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Worrying balance sheet with weak fundamentals.


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


Market Performance


7 Day Return

3.7%

2858

-0.4%

HK Consumer Finance

0.9%

HK Market


1 Year Return

-1.5%

2858

-17.8%

HK Consumer Finance

0.6%

HK Market

Return vs Industry: 2858 exceeded the Hong Kong Consumer Finance industry which returned -17.8% over the past year.

Return vs Market: 2858 underperformed the Hong Kong Market which returned 0.6% over the past year.


Shareholder returns

2858IndustryMarket
7 Day3.7%-0.4%0.9%
30 Day-3.0%-6.9%0.5%
90 Day9.4%-12.7%-4.3%
1 Year-1.5%-1.5%-15.8%-17.8%4.2%0.6%
3 Yearn/a-20.6%-29.5%15.6%4.0%
5 Yearn/a-20.6%-31.6%20.0%-0.08%

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?

95.38x

Price to Earnings (PE) 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 poor value based on its PE Ratio (95.4x) compared to the Consumer Finance industry average (8.3x).

PE vs Market: 2858 is poor value based on its PE Ratio (95.4x) compared to the Hong Kong market (10.3x).


Price to Earnings Growth Ratio

PEG Ratio: 2858's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


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 (0.6x).


Next Steps

Future Growth

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

-135.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 2858's earnings are forecast to decline over the next 3 years (-135.9% per year).

Earnings vs Market: 2858's earnings are forecast to decline over the next 3 years (-135.9% per year).

High Growth Earnings: 2858's earnings are forecast to decline over the next 3 years.

Revenue vs Market: 2858's revenue (0.6% per year) is forecast to grow slower than the Hong Kong market (10.3% per year).

High Growth Revenue: 2858's revenue (0.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 2858's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Yixin Group performed over the past 5 years?

-13.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 2858's earnings have declined by -13.6% per year over the past 5 years.

Accelerating Growth: 2858 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 2858 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Consumer Finance industry (-12.6%).


Return on Equity

High ROE: 2858's Return on Equity (0.7%) is considered low.


Return on Assets

ROA vs Industry: 2858's Return on Assets is below or equal to the Consumer Finance industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate 2858's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

How is Yixin Group's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: 2858 has a low level of unsold assets or inventory.

Debt Coverage by Assets: 2858's debt is covered by short term assets (assets are 1.483810x debt).


Financial Institutions Analysis

Asset Level: 2858's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if 2858 has a sufficient allowance for bad loans.

Low Risk Liabilities: 2858 reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if 2858 has an acceptable proportion of non-loan assets held.

Low Risk Deposits: 2858 has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if 2858 has an appropriate level of bad loans.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.3%markettop25%6.3%industryaverage6.3%forecastin3Years0%

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

What is the CEO of Yixin Group's salary, the management and board of directors tenure and is there insider trading?

2.0yrs

Average board tenure


CEO

Andy Zhang (43yo)

0yrs

Tenure

CN¥141,262,000

Compensation

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


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether Andy's total compensation is reasonable compared to companies of similar size in the Hong Kong market.

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


Board Age and Tenure

2.0yrs

Average Tenure

46yo

Average Age

Experienced Board: 2858's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Andy Zhang (43yo)

    Chairman & CEO

    • Tenure: 0yrs
    • Compensation: CN¥141.26m
  • Dong Jiang (48yo)

    President & Executive Director

    • Tenure: 2.1yrs
    • Compensation: CN¥60.21m
  • Xiaozheng Liu (42yo)

    Chief Financial Officer

    • Tenure: 0yrs
  • Wei Zheng (42yo)

    Senior Vice President of Used Automobile Business

    • Tenure: 0yrs
  • Zhifeng Jia (46yo)

    Senior Vice President of Technology

    • Tenure: 0yrs
  • Man Wah Cheng

    Company Secretary

    • Tenure: 1.6yrs

Board Members

  • Francis Yuen (67yo)

    Independent Non-Executive Director

    • Tenure: 1.9yrs
    • Compensation: CN¥1.41m
  • James Mitchell (45yo)

    Non-Executive Director

    • Tenure: 2.3yrs
  • Lily Dong (48yo)

    Independent Non-Executive Director

    • Tenure: 1.9yrs
    • Compensation: CN¥875.00k
  • Andy Zhang (43yo)

    Chairman & CEO

    • Tenure: 0yrs
    • Compensation: CN¥141.26m
  • Chester Kwok (55yo)

    Independent Non-Executive Director

    • Tenure: 1.9yrs
    • Compensation: CN¥1.41m
  • Jimmy Lai (46yo)

    Non-Executive Director

    • Tenure: 2.3yrs
  • Dong Jiang (48yo)

    President & Executive Director

    • Tenure: 2.1yrs
    • Compensation: CN¥60.21m
  • Chenkai Ling (43yo)

    Non-Executive Director

    • Tenure: 2.3yrs
  • Huan Zhou (37yo)

    Non-Executive Director

    • Tenure: 0.4yrs

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$12.045b
  • Shares outstanding: 6.37b
  • Website: https://www.yixincars.com

Number of Employees


Location

  • Yixin Group Limited
  • No.3 Building
  • 12th Floor
  • Shanghai
  • 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 automobile retail transaction platform in the People’s Republic of China. The company operates in two segments, Transaction Platfor ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/21 12:58
End of Day Share Price2019/10/21 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.