SEHK:8325

Stock Analysis Report

China Smartpay Group Holdings

Executive Summary

China Smartpay Group Holdings Limited, an investment holding company, primarily engages in the prepaid cards and Internet payment businesses in the People’s Republic of China, Hong Kong, and Thailand.

Snowflake

Fundamentals

Excellent balance sheet and overvalued.

Risks

  • China Smartpay Group Holdings has significant price volatility in the past 3 months.
  • China Smartpay Group Holdings is not covered by any analysts.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

3.1%

SEHK:8325

0.5%

HK Consumer Finance

3.3%

HK Market


1 Year Return

-60.6%

SEHK:8325

-30.2%

HK Consumer Finance

-12.3%

HK Market

8325 underperformed the Consumer Finance industry which returned -29.5% over the past year.

8325 underperformed the Market in Hong Kong which returned -10.5% over the past year.


Share holder returns

8325IndustryMarket
7 Day3.1%0.5%3.3%
30 Day-16.3%-7.9%-8.0%
90 Day-28.7%-6.1%-5.5%
1 Year-60.6%-60.6%-28.7%-30.2%-9.2%-12.3%
3 Year-79.9%-79.9%-15.0%-24.2%11.5%0.8%
5 Year-75.9%-75.9%-24.6%-34.7%6.7%-10.5%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is China Smartpay Group Holdings undervalued based on future cash flows and its price relative to the stock market?

0.58x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for China Smartpay Group Holdings to establish if it is available at moderate discount.

Unable to calculate intrinsic value for China Smartpay Group Holdings to establish if it is available at substantial discount.


Price Based on Earnings

China Smartpay Group Holdings is loss making, we can't compare its value to the HK Consumer Finance industry average.

China Smartpay Group Holdings is loss making, we can't compare the value of its earnings to the Hong Kong market.


Price Based on Expected Growth

Unable to calculate PEG ratio for China Smartpay Group Holdings, we can't assess if its growth is good value.


Price Based on Value of Assets

China Smartpay Group Holdings is good value based on assets compared to the HK Consumer Finance industry average.


Next Steps

Future Growth

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

30.3%

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 China Smartpay Group Holdings 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.


Next Steps

Past Performance

How has China Smartpay Group Holdings performed over the past 5 years?

-40.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

China Smartpay Group Holdings does not make a profit and their year on year earnings growth rate was negative over the past 5 years.

Unable to compare China Smartpay Group Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare China Smartpay Group Holdings's 1-year growth to the HK Consumer Finance industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if China Smartpay Group Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if China Smartpay Group Holdings has efficiently used its assets last year compared to the HK Consumer Finance industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if China Smartpay Group Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is China Smartpay Group Holdings's financial position?


Financial Position Analysis

China Smartpay Group Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

China Smartpay Group Holdings's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

China Smartpay Group Holdings's level of debt (36.5%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has increased over the past 5 years (0.3% vs 36.5% today).


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 2.6x debt.


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.

China Smartpay Group Holdings has sufficient cash runway for 1.7 years based on current free cash flow.

China Smartpay Group Holdings has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of -53.9% each year.


Next Steps

Dividend

What is China Smartpay Group Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate China Smartpay Group Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate China Smartpay Group Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as China Smartpay Group Holdings has not reported any payouts.

Unable to verify if China Smartpay Group Holdings's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as China Smartpay Group Holdings 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.


Next Steps

Management

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

5.3yrs

Average board tenure


CEO

China Smartpay Group Holdings has no CEO, or we have no data on them.


Board Age and Tenure

5.3yrs

Average Tenure

54yo

Average Age

The tenure for the China Smartpay Group Holdings board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

SellHK$328,312,27829 Nov 18
Dinggui Yan
EntityIndividual
Role
Vice Chairman
Executive Deputy Chairman
Shares490,019,430
Max PriceHK$0.67
BuyHK$328,312,27829 Nov 18
Invech Holdings Limited
EntityCompany
Shares490,019,430
Max PriceHK$0.67

Ownership Breakdown


Management Team

  • Lewis Lin (46yo)

    Senior Vice President of Investment

    • Tenure: 0.0yrs
  • Guoqi Cao (55yo)

    Compliance Officer & Executive Director

    • Tenure: 5.9yrs
    • Compensation: HK$2.00m
  • Wai Leung Tang (38yo)

    Company Secretary

    • Tenure: 5.5yrs
  • Xiangping Song (55yo)

    Executive VP & Executive Director

    • Tenure: 4.6yrs
    • Compensation: HK$1.25m
  • Shumin Yuan (70yo)

    Compliance Officer & Independent Non-Executive Director

    • Tenure: 5.3yrs
    • Compensation: HK$72.00k
  • Dinggui Yan (51yo)

    Executive Deputy Chairman

    • Tenure: 1.9yrs
    • Compensation: HK$240.00k

Board Members

  • Yiming Wang (52yo)

    Independent Non-Executive Director

    • Tenure: 6.0yrs
    • Compensation: HK$72.00k
  • Joe Zhang (56yo)

    Non-Executive Chairman

    • Tenure: 5.4yrs
    • Compensation: HK$1.53m
  • Guoqi Cao (55yo)

    Compliance Officer & Executive Director

    • Tenure: 5.9yrs
    • Compensation: HK$2.00m
  • Peter Lu (52yo)

    Independent Non-Executive Director

    • Tenure: 6.0yrs
    • Compensation: HK$72.00k
  • Xiangping Song (55yo)

    Executive VP & Executive Director

    • Tenure: 4.6yrs
    • Compensation: HK$1.25m
  • Jinhuang Zhou (53yo)

    Independent Non-Executive Director

    • Tenure: 3.2yrs
    • Compensation: HK$312.00k
  • Shumin Yuan (70yo)

    Compliance Officer & Independent Non-Executive Director

    • Tenure: 5.3yrs
    • Compensation: HK$72.00k
  • Dinggui Yan (51yo)

    Executive Deputy Chairman

    • Tenure: 1.9yrs
    • Compensation: HK$240.00k

Company Information

China Smartpay Group Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: China Smartpay Group Holdings Limited
  • Ticker: 8325
  • Exchange: SEHK
  • Founded: 2001
  • Industry: Consumer Finance
  • Sector: Diversified Financials
  • Market Cap: HK$517.919m
  • Shares outstanding: 1.64b
  • Website: https://www.chinasmartpay.com

Number of Employees


Location

  • China Smartpay Group Holdings Limited
  • Hong Kong Plaza
  • 31th Floor, Room 3101
  • Hong Kong
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
8325SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDAug 2009

Biography

China Smartpay Group Holdings Limited, an investment holding company, primarily engages in the prepaid cards and Internet payment businesses in the People’s Republic of China, Hong Kong, and Thailand. The  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/21 12:49
End of Day Share Price2019/08/21 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


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.