BOCOM International Holdings
Market Cap
HK$3.8b
Last Updated
2021/03/04 10:10 UTC
Data Sources
Company Financials +
Executive Summary
BOCOM International Holdings Company Limited, together with its subsidiaries, provides securities and related financial services in Hong Kong and Mainland China. More Details
Rewards
Risk Analysis
Snowflake Analysis
Undervalued with proven track record and pays a dividend.
Share Price & News
How has BOCOM International Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 3329 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: 3329's weekly volatility (6%) has been stable over the past year.
Market Performance
7 Day Return
0.7%
3329
-2.6%
HK Capital Markets
-0.5%
HK Market
1 Year Return
23.9%
3329
36.7%
HK Capital Markets
21.5%
HK Market
Return vs Industry: 3329 underperformed the Hong Kong Capital Markets industry which returned 36.7% over the past year.
Return vs Market: 3329 exceeded the Hong Kong Market which returned 21.5% over the past year.
Shareholder returns
| 3329 | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.7% | -2.6% | -0.5% |
| 30 Day | 10.2% | -5.0% | 2.1% |
| 90 Day | 30.8% | 7.9% | 11.9% |
| 1 Year | 35.4%23.9% | 39.8%36.7% | 26.2%21.5% |
| 3 Year | n/a | 7.9%-0.4% | 6.2%-4.9% |
| 5 Year | n/a | 30.4%14.4% | 61.7%34.1% |
Long-Term Price Volatility Vs. Market
How volatile is BOCOM International Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is BOCOM International Holdings undervalued compared to its fair value and its price relative to the market?
25.0%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 3329 (HK$1.4) is trading below our estimate of fair value (HK$1.87)
Significantly Below Fair Value: 3329 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 3329 is good value based on its PE Ratio (7.3x) compared to the HK Capital Markets industry average (14.8x).
PE vs Market: 3329 is good value based on its PE Ratio (7.3x) compared to the Hong Kong market (12.3x).
Price to Earnings Growth Ratio
PEG Ratio: 3329 is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: 3329's PB Ratio (0.6x) is in line with the HK Capital Markets industry average.
Next Steps
Future Growth
How is BOCOM International Holdings forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
17.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 3329's forecast earnings growth (17% per year) is above the savings rate (1.5%).
Earnings vs Market: 3329's earnings (17% per year) are forecast to grow slower than the Hong Kong market (21.3% per year).
High Growth Earnings: 3329's earnings are forecast to grow, but not significantly.
Revenue vs Market: 3329's revenue (23.1% per year) is forecast to grow faster than the Hong Kong market (13.6% per year).
High Growth Revenue: 3329's revenue (23.1% 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 (10.6%).
Next Steps
Past Performance
How has BOCOM International Holdings performed over the past 5 years?
11.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 3329 has a high level of non-cash earnings.
Growing Profit Margin: 3329's current net profit margins (39.1%) are higher than last year (36.5%).
Past Earnings Growth Analysis
Earnings Trend: 3329's earnings have grown by 11% per year over the past 5 years.
Accelerating Growth: 3329's earnings growth over the past year (22.6%) exceeds its 5-year average (11% per year).
Earnings vs Industry: 3329 earnings growth over the past year (22.6%) exceeded the Capital Markets industry 14.1%.
Return on Equity
High ROE: 3329's Return on Equity (7.6%) is considered low.
Next Steps
Financial Health
How is BOCOM International Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: 3329's short term assets (HK$16.4B) exceed its short term liabilities (HK$13.6B).
Long Term Liabilities: 3329's short term assets (HK$16.4B) exceed its long term liabilities (HK$1.9B).
Debt to Equity History and Analysis
Debt Level: 3329's debt to equity ratio (189.8%) is considered high.
Reducing Debt: 3329's debt to equity ratio has increased from 87.7% to 189.8% over the past 5 years.
Debt Coverage: 3329's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 3329's interest payments on its debt are well covered by EBIT.
Balance Sheet
Next Steps
Dividend
What is BOCOM International Holdings's current dividend yield, its reliability and sustainability?
6.43%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 3329's dividend (6.43%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2%).
High Dividend: 3329's dividend (6.43%) is in the top 25% of dividend payers in the Hong Kong market (6.3%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, 3329 has been paying a dividend for less than 10 years.
Growing Dividend: 3329's dividend payments have increased, but the company has only paid a dividend for 3 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (46.7%), 3329's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 3329's dividends in 3 years are forecast to be well covered by earnings (48.1% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.9yrs
Average management tenure
CEO
Yu Meng (52 yo)
0.25
Tenure
Mr. Yu Meng has been Chief Executive Officer and Executive Director of BOCOM International Holdings Company Ltd. since December 1, 2020. He joined the Bank of Communications Co., Ltd. (“BOCOM”) in August 1...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 4.67yrs | HK$5.42m | 0.073% HK$ 2.8m | |
| Deputy CEO & Executive Director | 10.75yrs | HK$4.74m | no data | |
| Deputy Chief Executive Officer | 6yrs | HK$5.89m | 0.037% HK$ 1.4m | |
| Deputy Chief Executive Officer | 2.67yrs | HK$3.60m | no data | |
| CEO & Executive Director | 0.25yr | no data | no data | |
| Financial Controller | no data | no data | no data | |
| Head of Corporate Finance | 4yrs | no data | no data | |
| Head of Legal & Compliance Department | 5.75yrs | no data | no data | |
| Head of Executive Office & Company Secretary | no data | no data | no data |
4.9yrs
Average Tenure
48yo
Average Age
Experienced Management: 3329's management team is considered experienced (4.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 4.67yrs | HK$5.42m | 0.073% HK$ 2.8m | |
| Deputy CEO & Executive Director | 10.75yrs | HK$4.74m | no data | |
| CEO & Executive Director | 0.25yr | no data | no data | |
| Independent Non-Executive Director | 9.42yrs | HK$360.00k | no data | |
| Independent Non-Executive Director | 4.42yrs | HK$360.00k | no data | |
| Independent Non-Executive Director | 6.75yrs | HK$360.00k | no data | |
| Non-Executive Director | 6.33yrs | no data | no data | |
| Non-Executive Director | 13.58yrs | no data | no data | |
| Non-Executive Director | 0.75yr | no data | no data |
6.3yrs
Average Tenure
56yo
Average Age
Experienced Board: 3329's board of directors are considered experienced (6.3 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
BOCOM International Holdings Company Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: BOCOM International Holdings Company Limited
- Ticker: 3329
- Exchange: SHSC
- Founded: 1998
- Industry: Investment Banking and Brokerage
- Sector: Diversified Financials
- Market Cap: HK$3.828b
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 3329 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | May 2017 |
| 597 | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | May 2017 |
| 3329 | SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect) | Yes | Ordinary Shares | HK | HKD | May 2017 |
| 3329 | SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect) | Yes | Ordinary Shares | HK | HKD | May 2017 |
Biography
BOCOM International Holdings Company Limited, together with its subsidiaries, provides securities and related financial services in Hong Kong and Mainland China. The company operates through Brokerage, Cor...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/04 10:10 |
| End of Day Share Price | 2021/03/03 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.