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3329

BOCOM International Holdings SEHK:3329 Stock Report

Last Price

HK$0.59

Market Cap

HK$1.6b

7D

-1.7%

1Y

-65.7%

Updated

07 Aug, 2022

Data

Company Financials +
3329 fundamental analysis
Snowflake Score
Valuation5/6
Future Growth5/6
Past Performance2/6
Financial Health2/6
Dividends4/6

3329 Stock Overview

BOCOM International Holdings Company Limited, an investment holding company, provides securities and related financial services in Hong Kong and Mainland China.

BOCOM International Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for BOCOM International Holdings
Historical stock prices
Current Share PriceHK$0.59
52 Week HighHK$1.87
52 Week LowHK$0.55
Beta0.23
1 Month Change-27.16%
3 Month Change-42.72%
1 Year Change-65.70%
3 Year Change-47.79%
5 Year Change-75.11%
Change since IPO-78.31%

Recent News & Updates

Jun 30
BOCOM International Holdings' (HKG:3329) Shareholders Will Receive A Smaller Dividend Than Last Year

BOCOM International Holdings' (HKG:3329) Shareholders Will Receive A Smaller Dividend Than Last Year

BOCOM International Holdings Company Limited ( HKG:3329 ) is reducing its dividend to HK$0.05 on the 18th of July. The...

Shareholder Returns

3329HK Capital MarketsHK Market
7D-1.7%-0.4%-0.7%
1Y-65.7%-24.9%-20.5%

Return vs Industry: 3329 underperformed the Hong Kong Capital Markets industry which returned -24.9% over the past year.

Return vs Market: 3329 underperformed the Hong Kong Market which returned -20.5% over the past year.

Price Volatility

Is 3329's price volatile compared to industry and market?
3329 volatility
3329 Average Weekly Movement7.1%
Capital Markets Industry Average Movement7.0%
Market Average Movement6.6%
10% most volatile stocks in HK Market12.9%
10% least volatile stocks in HK Market3.1%

Stable Share Price: 3329 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: 3329's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1998408Chen Zhuhttps://www.bocomgroup.com

BOCOM International Holdings Company Limited, an investment holding company, provides securities and related financial services in Hong Kong and Mainland China. It operates through Brokerage, Corporate Finance and Underwriting, Asset Management and Advisory, Margin Financing, Investment and Loans, and Others segments. The Brokerage segment trades in stocks, bonds, futures, options, and other marketable securities.

BOCOM International Holdings Fundamentals Summary

How do BOCOM International Holdings's earnings and revenue compare to its market cap?
3329 fundamental statistics
Market CapHK$1.61b
Earnings (TTM)HK$262.42m
Revenue (TTM)HK$1.25b

6.1x

P/E Ratio

1.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
3329 income statement (TTM)
RevenueHK$1.25b
Cost of RevenueHK$55.80m
Gross ProfitHK$1.19b
Other ExpensesHK$927.46m
EarningsHK$262.42m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.096
Gross Margin95.52%
Net Profit Margin21.07%
Debt/Equity Ratio298.0%

How did 3329 perform over the long term?

See historical performance and comparison

Dividends

8.5%

Current Dividend Yield

52%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 3329 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation 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 3329?

Other financial metrics that can be useful for relative valuation.

3329 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio0.2x

Price to Earnings Ratio vs Peers

How does 3329's PE Ratio compare to its peers?

3329 PE Ratio vs Peers
The above table shows the PE ratio for 3329 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average10x
1469 Get Nice Financial Group
4xn/aHK$1.9b
1141 CMBC Capital Holdings
7.1xn/aHK$2.1b
64 Get Nice Holdings
24.6xn/aHK$1.5b
1428 Bright Smart Securities & Commodities Group
4.1xn/aHK$2.3b
3329 BOCOM International Holdings
6.1x25.1%HK$1.6b

Price-To-Earnings vs Peers: 3329 is good value based on its Price-To-Earnings Ratio (6.1x) compared to the peer average (10x).


Price to Earnings Ratio vs Industry

How does 3329's PE Ratio compare vs other companies in the HK Capital Markets Industry?

Price-To-Earnings vs Industry: 3329 is good value based on its Price-To-Earnings Ratio (6.1x) compared to the Hong Kong Capital Markets industry average (10.2x)


Price to Earnings Ratio vs Fair Ratio

What is 3329'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.

3329 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.1x
Fair PE Ratio6.2x

Price-To-Earnings vs Fair Ratio: 3329 is good value based on its Price-To-Earnings Ratio (6.1x) compared to the estimated Fair Price-To-Earnings Ratio (6.2x).


Share Price vs Fair Value

What is the Fair Price of 3329 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 3329 (HK$0.59) is trading below our estimate of fair value (HK$1.47)

Significantly Below Fair Value: 3329 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: Insufficient data to show price forecast.


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Future Growth

How is BOCOM International Holdings forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


25.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 3329's forecast earnings growth (25.1% per year) is above the savings rate (1.6%).

Earnings vs Market: 3329's earnings (25.1% per year) are forecast to grow faster than the Hong Kong market (16.8% per year).

High Growth Earnings: 3329's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 3329's revenue (20.7% per year) is forecast to grow faster than the Hong Kong market (10.2% per year).

High Growth Revenue: 3329's revenue (20.7% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 3329's Return on Equity is forecast to be low in 3 years time (7.7%).


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Past Performance

How has BOCOM International Holdings performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


16.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 3329 has high quality earnings.

Growing Profit Margin: 3329's current net profit margins (21.1%) are lower than last year (44.7%).


Past Earnings Growth Analysis

Earnings Trend: 3329's earnings have grown by 16.5% per year over the past 5 years.

Accelerating Growth: 3329's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 3329 had negative earnings growth (-68.9%) over the past year, making it difficult to compare to the Capital Markets industry average (8.8%).


Return on Equity

High ROE: 3329's Return on Equity (4.2%) is considered low.


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Financial Health

How is BOCOM International Holdings's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 3329's short term assets (HK$18.8B) exceed its short term liabilities (HK$10.1B).

Long Term Liabilities: 3329's short term assets (HK$18.8B) exceed its long term liabilities (HK$15.1B).


Debt to Equity History and Analysis

Debt Level: 3329's net debt to equity ratio (119.3%) is considered high.

Reducing Debt: 3329's debt to equity ratio has increased from 145.5% to 298% over the past 5 years.

Debt Coverage: 3329's debt is not well covered by operating cash flow (4.9%).

Interest Coverage: Insufficient data to determine if 3329's interest payments on its debt are well covered by EBIT.


Balance Sheet


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Dividend

What is BOCOM International Holdings's current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


8.47%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 3329's dividend (8.47%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.87%).

High Dividend: 3329's dividend (8.47%) is in the top 25% of dividend payers in the Hong Kong market (8.36%)


Stability and Growth of Payments

Stable Dividend: 3329 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 3329 has only been paying a dividend for 4 years, and since then payments have fallen.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (52.1%), 3329's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (12.8%), 3329's dividend payments are thoroughly covered by cash flows.


Discover strong dividend paying companies

Management

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

5.5yrs

Average management tenure


CEO

Chen Zhu (51 yo)

0.083

Tenure

Ms. Chen Zhu is Executive Director of BOCOM International Holdings Company Limited from July 11, 2022 and serves as its Chief Executive Officer since July 2022. She joined Bank of Communications Co., Ltd....


Leadership Team

Experienced Management: 3329's management team is seasoned and experienced (5.5 years average tenure).


Board Members

Experienced Board: 3329's board of directors are considered experienced (7 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

BOCOM International Holdings Company Limited's employee growth, exchange listings and data sources


Key Information

  • Name: BOCOM International Holdings Company Limited
  • Ticker: 3329
  • Exchange: SEHK
  • Founded: 1998
  • Industry: Investment Banking and Brokerage
  • Sector: Diversified Financials
  • Implied Market Cap: HK$1.613b
  • Shares outstanding: 2.73b
  • Website: https://www.bocomgroup.com

Number of Employees


Location

  • BOCOM International Holdings Company Limited
  • Man Yee Building
  • 9th Floor
  • Central
  • Hong Kong

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/07 00:00
End of Day Share Price2022/08/05 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.