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Chong Sing Holdings FinTech Group

SEHK:8207
Snowflake Description

Fair value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
8207
SEHK
HK$2B
Market Cap
  1. Home
  2. HK
  3. Diversified Financials
Company description

Chong Sing Holdings FinTech Group Limited, an investment holding company, provides online financial services to small and medium-sized enterprises, merchants, and individuals through Internet and mobile solutions in the People’s Republic of China, rest of Asia, Canada, and Georgia. The last earnings update was 20 days ago. More info.


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  • Chong Sing Holdings FinTech Group has significant price volatility in the past 3 months.
8207 Share Price and Events
7 Day Returns
-3.1%
SEHK:8207
-0.5%
HK Consumer Finance
-0.2%
HK Market
1 Year Returns
-94%
SEHK:8207
-33%
HK Consumer Finance
-3.9%
HK Market
8207 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Chong Sing Holdings FinTech Group (8207) -3.1% 18.9% -7.4% -94% -90.4% -78.9%
HK Consumer Finance -0.5% 0.8% 9% -33% -30.1% -16.6%
HK Market -0.2% 1.9% 13% -3.9% 28.2% 20.5%
1 Year Return vs Industry and Market
  • 8207 underperformed the Consumer Finance industry which returned -33% over the past year.
  • 8207 underperformed the Market in Hong Kong which returned -3.9% over the past year.
Price Volatility
8207
Industry
5yr Volatility vs Market

8207 Value

 Is Chong Sing Holdings FinTech Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Chong Sing Holdings FinTech Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Chong Sing Holdings FinTech Group.

SEHK:8207 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= CN¥0.23 * 6.5%
CN¥0.01
Book Value of Equity per Share Median Book Value from the past 5 years. CN¥0.23
Discount Rate (Cost of Equity) See below 13.5%
Perpetual Growth Rate 10-Year HK Government Bond Rate 2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SEHK:8207
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6.7%
Consumer Finance Unlevered Beta Simply Wall St/ S&P Global 0.68
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.685 (1 + (1- 25%) (271.34%))
1.723
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.72
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.723 * 6.65%)
13.46%

Discounted Cash Flow Calculation for SEHK:8207 using Excess Returns Model Model

The calculations below outline how an intrinsic value for Chong Sing Holdings FinTech Group is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

SEHK:8207 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (6.5% – 13.46%) * CN¥0.23)
CN¥-0.02
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= CN¥-0.02 / (13.46% - 2%)
CN¥-0.14
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= CN¥0.23 + CN¥-0.14
CN¥0.09
SEHK:8207 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:8207)
1.173
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥0.09 x 1.173
HK$0.11
Value per share (HKD) From above. HK$0.11
Current discount Discount to share price of HK$0.06
= -1 x (HK$0.06 - HK$0.11) / HK$0.11
40.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Chong Sing Holdings FinTech Group is available for.
Intrinsic value
40%
Share price is HK$0.063 vs Future cash flow value of HK$0.1054
Current Discount Checks
For Chong Sing Holdings FinTech Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Chong Sing Holdings FinTech Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Chong Sing Holdings FinTech Group's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Chong Sing Holdings FinTech Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Chong Sing Holdings FinTech Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:8207 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥-0.04
SEHK:8207 Share Price ** SEHK (2019-04-18) in HKD HK$0.06
SEHK:8207 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.853 CN¥0.05
Hong Kong Consumer Finance Industry PE Ratio Median Figure of 19 Publicly-Listed Consumer Finance Companies 7.8x
Hong Kong Market PE Ratio Median Figure of 1,475 Publicly-Listed Companies 11.98x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Chong Sing Holdings FinTech Group.

SEHK:8207 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:8207 Share Price ÷ EPS (both in CNY)

= 0.05 ÷ -0.04

-1.43x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Chong Sing Holdings FinTech Group is loss making, we can't compare its value to the HK Consumer Finance industry average.
  • Chong Sing Holdings FinTech Group is loss making, we can't compare the value of its earnings to the Hong Kong market.
Price based on expected Growth
Does Chong Sing Holdings FinTech Group's expected growth come at a high price?
Raw Data
SEHK:8207 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.43x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
40.3%per year
Asia Consumer Finance Industry PEG Ratio Median Figure of 17 Publicly-Listed Consumer Finance Companies 1.09x
Hong Kong Market PEG Ratio Median Figure of 463 Publicly-Listed Companies 0.87x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Chong Sing Holdings FinTech Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Chong Sing Holdings FinTech Group's assets?
Raw Data
SEHK:8207 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥0.23
SEHK:8207 Share Price * SEHK (2019-04-18) in HKD HK$0.06
SEHK:8207 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.853 CN¥0.05
Hong Kong Consumer Finance Industry PB Ratio Median Figure of 28 Publicly-Listed Consumer Finance Companies 0.69x
Hong Kong Market PB Ratio Median Figure of 2,150 Publicly-Listed Companies 1.03x
SEHK:8207 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:8207 Share Price ÷ Book Value per Share (both in CNY)

= 0.05 ÷ 0.23

0.23x

* Primary Listing of Chong Sing Holdings FinTech Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Chong Sing Holdings FinTech Group is good value based on assets compared to the HK Consumer Finance industry average.
X
Value checks
We assess Chong Sing Holdings FinTech Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Consumer Finance industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Consumer Finance industry average (and greater than 0)? (1 check)
  5. Chong Sing Holdings FinTech Group has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

8207 Future Performance

 How is Chong Sing Holdings FinTech Group expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Chong Sing Holdings FinTech Group, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
40.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Chong Sing Holdings FinTech Group expected to grow at an attractive rate?
  • Chong Sing Holdings FinTech Group's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • Chong Sing Holdings FinTech Group's earnings growth is expected to exceed the Hong Kong market average.
  • Unable to compare Chong Sing Holdings FinTech Group's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:8207 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:8207 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 40.3%
Hong Kong Consumer Finance Industry Earnings Growth Rate Market Cap Weighted Average 36.6%
Asia Consumer Finance Industry Revenue Growth Rate Market Cap Weighted Average 20.4%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.7%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 11.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SEHK:8207 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:8207 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
SEHK:8207 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 2,733 -1,254 -858
2018-09-30 3,009 262
2018-06-30 4,127 2 545
2018-03-31 4,367 753
2017-12-31 4,469 755 803
2017-09-30 3,772 865
2017-06-30 2,360 87 741
2017-03-31 1,339 349
2016-12-31 859 -527 301
2016-09-30 651 247
2016-06-30 545 -1,082 175
2016-03-31 441 126

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Chong Sing Holdings FinTech Group's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Chong Sing Holdings FinTech Group is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SEHK:8207 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Chong Sing Holdings FinTech Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:8207 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
SEHK:8207 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 -0.04
2018-09-30 0.01
2018-06-30 0.02
2018-03-31 0.03
2017-12-31 0.04
2017-09-30 0.04
2017-06-30 0.03
2017-03-31 0.02
2016-12-31 0.01
2016-09-30 0.01
2016-06-30 0.01
2016-03-31 0.01

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Chong Sing Holdings FinTech Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Chong Sing Holdings FinTech Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Chong Sing Holdings FinTech Group has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

8207 Past Performance

  How has Chong Sing Holdings FinTech Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Chong Sing Holdings FinTech Group's growth in the last year to its industry (Consumer Finance).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Chong Sing Holdings FinTech Group does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Chong Sing Holdings FinTech Group's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Chong Sing Holdings FinTech Group's 1-year growth to the HK Consumer Finance industry average as it is not currently profitable.
Earnings and Revenue History
Chong Sing Holdings FinTech Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Chong Sing Holdings FinTech Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:8207 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 2,733.01 -857.62 3,787.60
2018-09-30 3,009.48 262.46 3,163.72
2018-06-30 4,127.26 544.81 3,516.36
2018-03-31 4,366.74 753.43 3,628.75
2017-12-31 4,468.91 803.01 3,387.76
2017-09-30 3,772.21 865.13 2,338.54
2017-06-30 2,360.05 741.29 1,498.98
2017-03-31 1,339.15 348.63 813.96
2016-12-31 859.05 301.12 483.46
2016-09-30 650.55 247.07 345.15
2016-06-30 545.17 175.12 304.70
2016-03-31 441.30 126.18 286.40
2015-12-31 348.10 85.61 244.89
2015-09-30 274.30 39.98 228.78
2015-06-30 264.95 51.20 205.83
2015-03-31 287.20 48.28 194.47
2014-12-31 289.41 58.19 194.57
2014-09-30 254.44 124.22 146.08
2014-06-30 245.29 124.12 143.74
2014-03-31 246.11 132.47 141.17
2013-12-31 239.83 141.25 118.68
2013-09-30 280.92 132.26 102.25
2013-06-30 286.49 142.25 92.56
2013-03-31 286.38 149.96 71.53
2012-12-31 289.63 149.53 71.44
2012-09-30 270.63 146.29 68.61
2012-06-30 275.73 152.97 71.27

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Chong Sing Holdings FinTech Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Chong Sing Holdings FinTech Group has efficiently used its assets last year compared to the HK Consumer Finance industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Chong Sing Holdings FinTech Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Chong Sing Holdings FinTech Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Consumer Finance industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Chong Sing Holdings FinTech Group has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

8207 Health

 How is Chong Sing Holdings FinTech Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Chong Sing Holdings FinTech Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Chong Sing Holdings FinTech Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Chong Sing Holdings FinTech Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Chong Sing Holdings FinTech Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 2.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Chong Sing Holdings FinTech Group Company Filings, last reported 3 months ago.

SEHK:8207 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 5,809.10 3,471.60 1,635.76
2018-09-30 6,414.65 4,046.35 1,658.56
2018-06-30 6,414.65 4,046.35 1,658.56
2018-03-31 5,566.42 3,852.39 1,301.33
2017-12-31 5,566.42 3,852.39 1,301.33
2017-09-30
2017-06-30 5,244.91 3,411.40 966.50
2017-03-31 4,241.58 3,835.48 1,256.89
2016-12-31 4,241.58 3,835.48 1,256.89
2016-09-30
2016-06-30 3,590.90 1,871.31 632.12
2016-03-31 2,632.59 1,514.55 624.26
2015-12-31 2,632.59 1,514.55 624.26
2015-09-30
2015-06-30 1,506.75 1,122.15 199.58
2015-03-31 1,419.43 492.91 265.52
2014-12-31 1,419.43 492.91 265.52
2014-09-30
2014-06-30 1,461.45 732.36 231.09
2014-03-31 1,294.43 899.29 259.59
2013-12-31 1,294.43 899.29 259.59
2013-09-30
2013-06-30 1,025.26 294.17 393.10
2013-03-31 757.03 301.61 212.56
2012-12-31 757.03 301.61 212.56
2012-09-30
2012-06-30 717.12 229.30 90.85
  • Chong Sing Holdings FinTech Group's level of debt (59.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (69.5% vs 59.8% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on Chong Sing Holdings FinTech Group's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Chong Sing Holdings FinTech Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Chong Sing Holdings FinTech Group has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

8207 Dividends

 What is Chong Sing Holdings FinTech Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Chong Sing Holdings FinTech Group dividends.
If you bought HK$2,000 of Chong Sing Holdings FinTech Group shares you are expected to receive HK$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Chong Sing Holdings FinTech Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Chong Sing Holdings FinTech Group's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SEHK:8207 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Hong Kong Consumer Finance Industry Average Dividend Yield Market Cap Weighted Average of 12 Stocks 4.7%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 965 Stocks 3.4%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.1%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 1.9%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.3%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SEHK:8207 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
SEHK:8207 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2016-11-07 0.000 0.000
2016-08-11 0.000 0.000
2016-08-08 0.000 0.000
2016-05-09 0.000 0.000
2016-03-30 0.000 0.000
2016-03-21 0.000 0.000
2015-05-11 0.001 0.202
2015-03-30 0.001 0.228
2015-03-24 0.001 0.259
2014-03-31 0.002 0.678
2014-03-13 0.002 0.648
2013-03-12 0.003 2.199
2013-03-11 0.003 1.773
2012-03-05 0.003 2.366
2011-03-01 0.003 1.976

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Chong Sing Holdings FinTech Group has not reported any payouts.
  • Unable to verify if Chong Sing Holdings FinTech Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Chong Sing Holdings FinTech Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Chong Sing Holdings FinTech Group has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Chong Sing Holdings FinTech Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Chong Sing Holdings FinTech Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Chong Sing Holdings FinTech Group has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

8207 Management

 What is the CEO of Chong Sing Holdings FinTech Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Yew Kiat Phang
COMPENSATION CN¥29,370,000
AGE 50
TENURE AS CEO 4.8 years
CEO Bio

Mr. Yew Kiat Phang has been the Chief Executive Officer and Vice Chairman of Credit China FinTech Holdings Limited (alternate name, Credit China Holdings Limited) since July 7, 2014 and has been its Executive Director since December 23, 2013. Mr. Phang is responsible for providing independent judgment to bear on issues of strategy, policy, performance, accountability, resources and standard of conduct at Credit China FinTech. He has over 17 years of experience in banking industry and had served at senior management position at various banks. He served as the Deputy Chief Executive Officer at China Bohai Bank Co., Ltd. from February 2006 to February 2009 and also served as its Head of Consumer Bank. Mr. Phang served as the General Manager, SME business for Singapore and Malaysia of Standard Chartered Bank since June 2009 and served as the Principal Director of Standard Chartered Private Bank from January 2011 to June 2012. In 2005, Mr. Phang was in charge of the establishment of China Bohai Bank in the PRC and served as an Executive Director and Deputy Chief Executive Officer of China Bohai Bank from 2006 to 2009, with full responsibilities for the consumer banking business (including both personal and SME businesses). He has been co-chairman of Deer Creek Advisors Pte. Ltd. (formerly known as Deauville Private Office Pte. Ltd.) since July 2012. He served as a Co-Chairman of Credit China FinTech Holdings Limited from March 17, 2014 to July 7, 2014 and served as its Deputy Chairman since December 23, 2013. He has been an Independent Non-Executive Director of Chuan Holdings Limited since May 10, 2016. In June 1995, Mr. Phang received a Master degree in Business and Administration in International Business from University of Bristol and in July 1993, he received a Bachelor degree of Engineering in Microelectronic Systems Engineering from University of Manchester in the faculty of Technology.

CEO Compensation
  • Yew Kiat's compensation has increased whilst company is loss making.
  • Yew Kiat's remuneration is higher than average for companies of similar size in Hong Kong.
Management Team Tenure

Average tenure and age of the Chong Sing Holdings FinTech Group management team in years:

4.6
Average Tenure
47
Average Age
  • The tenure for the Chong Sing Holdings FinTech Group management team is about average.
Management Team

Yew Kiat Phang

TITLE
Vice Chairman & CEO
COMPENSATION
CN¥29M
AGE
50
TENURE
4.8 yrs

Swee Ho Chng

TITLE
Compliance Officer & Executive Director
COMPENSATION
CN¥6M
AGE
49
TENURE
4.6 yrs

Jia Sheng

TITLE
Executive Director
COMPENSATION
CN¥5M
AGE
37

Jianhui Yang

TITLE
Executive Director
COMPENSATION
CN¥2M
AGE
47
TENURE
1.4 yrs

Ronald Tam

TITLE
Chief Financial Officer
AGE
36
TENURE
2.9 yrs

Ivan Leung

TITLE
Chief Operating Officer
AGE
55

Zhen Dong Sun

TITLE
Chief Legal Counsel
AGE
50

Sha Xie

TITLE
Vice President of Corporate Development Department
AGE
34
TENURE
4.9 yrs

Rong Yu Ma

TITLE
Chief Business Supervisor

Jian Shen

TITLE
Chairlady of First House Loan
AGE
42
Board of Directors Tenure

Average tenure and age of the Chong Sing Holdings FinTech Group board of directors in years:

4.8
Average Tenure
50
Average Age
  • The tenure for the Chong Sing Holdings FinTech Group board of directors is about average.
Board of Directors

Raymond Ting

TITLE
Honorary Chairman
AGE
45
TENURE
4.8 yrs

Yew Kiat Phang

TITLE
Vice Chairman & CEO
COMPENSATION
CN¥29M
AGE
50
TENURE
4.8 yrs

Swee Ho Chng

TITLE
Compliance Officer & Executive Director
COMPENSATION
CN¥6M
AGE
49
TENURE
5.1 yrs

Jia Sheng

TITLE
Executive Director
COMPENSATION
CN¥5M
AGE
37
TENURE
5.3 yrs

Jianhui Yang

TITLE
Executive Director
COMPENSATION
CN¥2M
AGE
47
TENURE
1.4 yrs

Ming Ge

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥2M
AGE
67
TENURE
4.6 yrs

Minggang Ou

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥2M
AGE
50
TENURE
3.5 yrs

Zhongli Yin

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥2M
AGE
50
TENURE
3.5 yrs

Poh Kiat Neo

TITLE
Member of Advisory Panel
COMPENSATION
CN¥130K
AGE
67
TENURE
4.8 yrs

Reimer Mary Jean Lau

TITLE
Member of Advisory Panel
COMPENSATION
CN¥130K
AGE
53
TENURE
4.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
13. Jul 18 Buy Shanghai Newspaper Group Company 30. Jun 18 30. Jun 18 78,460,000 HK$1.03 HK$80,892,253
X
Management checks
We assess Chong Sing Holdings FinTech Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Chong Sing Holdings FinTech Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

8207 News

Simply Wall St News

Why Chong Sing Holdings FinTech Group Limited's (HKG:8207) CEO Pay Matters To You

Yew Kiat Phang became the CEO of Chong Sing Holdings FinTech Group Limited (HKG:8207) in 2014. … View our latest analysis for Chong Sing Holdings FinTech Group? … According to our data, Chong Sing Holdings FinTech Group Limited has a market capitalization of HK$1.2b, and pays its CEO total annual compensation worth CN¥29m.

Simply Wall St -

The Chong Sing Holdings FinTech Group Share Price Is Down 93% So Some Shareholders Are Rather Upset

So spare a thought for the long term shareholders of Chong Sing Holdings FinTech Group Limited (HKG:8207); the share price is down a whopping 93% in the last twelve months. … View our latest analysis for Chong Sing Holdings FinTech Group. … Unhappily, Chong Sing Holdings FinTech Group had to report a 71% decline in EPS over the last year.

Simply Wall St -

Are Insiders Selling Chong Sing Holdings FinTech Group Limited (HKG:8207) Stock?

So shareholders might well want to know whether insiders have been buying or selling shares in Chong Sing Holdings FinTech Group Limited (HKG:8207). … View our latest analysis for Chong Sing Holdings FinTech Group? … Chong Sing Holdings FinTech Group Insider Transactions Over The Last Year.

Simply Wall St -

Why Chong Sing Holdings FinTech Group Limited's (HKG:8207) High P/E Ratio Isn't Necessarily A Bad Thing

To keep it practical, we'll show how Chong Sing Holdings FinTech Group Limited's (HKG:8207) P/E ratio could help you assess the value on offer. … Based on the last twelve months, Chong Sing Holdings FinTech Group's P/E ratio is 12.89. … Check out our latest analysis for Chong Sing Holdings FinTech Group?

Simply Wall St -

Why Chong Sing Holdings FinTech Group Limited's (HKG:8207) CEO Salary Matters To You

Yew Kiat Phang has been the CEO of Chong Sing Holdings FinTech Group Limited (HKG:8207) since 2014. … According to our data, Chong Sing Holdings FinTech Group Limited has a market capitalization of HK$8.0b, and pays its CEO total annual compensation worth CN¥29m. … Thus we can conclude that Yew Kiat Phang receives more in total compensation than the median of a group of companies in the same market, and of similar size to Chong Sing Holdings FinTech Group Limited

Simply Wall St -

What Does Chong Sing Holdings FinTech Group Limited's (HKG:8207) PE Ratio Tell You?

Chong Sing Holdings FinTech Group Limited (HKG:8207) is trading with a trailing P/E of 20.7, which is higher than the industry average of 8.2. … While this might not seem positive, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions. … See our latest analysis for Chong Sing Holdings FinTech Group

Simply Wall St -

Should You Be Concerned About Chong Sing Holdings FinTech Group Limited's (HKG:8207) Earnings Growth?

In this commentary, I will examine Chong Sing Holdings FinTech Group Limited's (HKG:8207) latest earnings update (31 March 2018) and compare these figures against its performance over the past couple of years, as well as how the rest of the consumer finance industry performed. … View out our latest analysis for Chong Sing Holdings FinTech Group. … 8207's trailing twelve-month earnings (from 31 March 2018) of CN¥753.43m has

Simply Wall St -

8207 Company Info

Description

Chong Sing Holdings FinTech Group Limited, an investment holding company, provides online financial services to small and medium-sized enterprises, merchants, and individuals through Internet and mobile solutions in the People’s Republic of China, rest of Asia, Canada, and Georgia. It operates through Traditional Loans and Financing, Third Party Payment Service, Online Investment and Technology–Enabled Lending Service, Blockchain services, and Others segments. The company offers traditional financial services and related financing consultancy services, including entrusted, real estate-backed, pawn, and other loan services, as well as microfinance services; and Internet financing services, such as third party payment and prepaid card issuance, online investment and technology-enabled lending, and related activities on loan portfolio management. In addition, it provides transaction verification, social gaming, IT solution, and property investment services. The company was formerly known as Credit China FinTech Holdings Limited and changed its name to Chong Sing Holdings FinTech Group Limited in August 2017. Chong Sing Holdings FinTech Group Limited was founded in 2003 and is headquartered in Wan Chai, Hong Kong.

Details
Name: Chong Sing Holdings FinTech Group Limited
8207
Exchange: SEHK
Founded: 2003
HK$1,500,726,732
23,088,103,580
Website: http://www.csfgroup.com
Address: Chong Sing Holdings FinTech Group Limited
Two Pacific Place,
Rooms 3533-39,
Wan Chai,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 8207 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 19. Nov 2010
OTCPK CCFF.F Ordinary Shares Pink Sheets LLC US USD 19. Nov 2010
Number of employees
Current staff
Staff numbers
1,133
Chong Sing Holdings FinTech Group employees.
Industry
Consumer Finance
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 12:57
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2018/03/21
Last earnings filing: 2019/03/29
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.