China Cinda Asset Management
Market Cap
HK$58.4b
Last Updated
2021/03/03 10:22 UTC
Data Sources
Company Financials +
Executive Summary
China Cinda Asset Management Co., Ltd. acquires, manages, invests in, and disposes financial and non-financial institution distressed assets in the People’s Republic of China. More Details
Rewards
Risk Analysis
Snowflake Analysis
Very undervalued average dividend payer.
Share Price & News
How has China Cinda Asset Management's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 1359 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: 1359's weekly volatility (3%) has been stable over the past year.
Market Performance
7 Day Return
-0.6%
1359
-9.2%
HK Capital Markets
-4.2%
HK Market
1 Year Return
-14.5%
1359
36.7%
HK Capital Markets
21.2%
HK Market
Return vs Industry: 1359 underperformed the Hong Kong Capital Markets industry which returned 36.7% over the past year.
Return vs Market: 1359 underperformed the Hong Kong Market which returned 21.2% over the past year.
Shareholder returns
| 1359 | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.6% | -9.2% | -4.2% |
| 30 Day | 3.4% | -4.4% | 3.8% |
| 90 Day | 0% | 7.4% | 11.6% |
| 1 Year | -7.9%-14.5% | 39.9%36.7% | 25.9%21.2% |
| 3 Year | -34.6%-46.7% | 5.3%-2.8% | 4.8%-6.2% |
| 5 Year | n/a | 27.9%12.1% | 59.6%32.4% |
Long-Term Price Volatility Vs. Market
How volatile is China Cinda Asset Management's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is China Cinda Asset Management undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 1359 (HK$1.53) is trading below our estimate of fair value (HK$4.62)
Significantly Below Fair Value: 1359 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 1359 is good value based on its PE Ratio (5.7x) compared to the HK Capital Markets industry average (14.8x).
PE vs Market: 1359 is good value based on its PE Ratio (5.7x) compared to the Hong Kong market (12.2x).
Price to Earnings Growth Ratio
PEG Ratio: 1359 is good value based on its PEG Ratio (0.3x)
Price to Book Ratio
PB vs Industry: 1359 is good value based on its PB Ratio (0.3x) compared to the HK Capital Markets industry average (0.6x).
Next Steps
Future Growth
How is China Cinda Asset Management forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
17.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 1359's forecast earnings growth (17.6% per year) is above the savings rate (1.5%).
Earnings vs Market: 1359's earnings (17.6% per year) are forecast to grow slower than the Hong Kong market (21.4% per year).
High Growth Earnings: 1359's earnings are forecast to grow, but not significantly.
Revenue vs Market: 1359's revenue (15.4% per year) is forecast to grow faster than the Hong Kong market (13.7% per year).
High Growth Revenue: 1359's revenue (15.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 1359's Return on Equity is forecast to be low in 3 years time (8%).
Next Steps
Past Performance
How has China Cinda Asset Management performed over the past 5 years?
-5.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 1359 has high quality earnings.
Growing Profit Margin: 1359's current net profit margins (19%) are lower than last year (38.6%).
Past Earnings Growth Analysis
Earnings Trend: 1359's earnings have declined by 5.4% per year over the past 5 years.
Accelerating Growth: 1359's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 1359 had negative earnings growth (-40.1%) over the past year, making it difficult to compare to the Capital Markets industry average (14.1%).
Return on Equity
High ROE: 1359's Return on Equity (6.1%) is considered low.
Next Steps
Financial Health
How is China Cinda Asset Management's financial position?
Financial Position Analysis
Short Term Liabilities: 1359's short term assets (CN¥1,152.5B) exceed its short term liabilities (CN¥924.1B).
Long Term Liabilities: 1359's short term assets (CN¥1,152.5B) exceed its long term liabilities (CN¥415.6B).
Debt to Equity History and Analysis
Debt Level: 1359's debt to equity ratio (467.2%) is considered high.
Reducing Debt: 1359's debt to equity ratio has increased from 356.8% to 467.2% over the past 5 years.
Debt Coverage: 1359's debt is not well covered by operating cash flow (0.2%).
Interest Coverage: Insufficient data to determine if 1359's interest payments on its debt are well covered by EBIT.
Balance Sheet
Next Steps
Dividend
What is China Cinda Asset Management current dividend yield, its reliability and sustainability?
8.04%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 1359's dividend (8.04%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2%).
High Dividend: 1359's dividend (8.04%) is in the top 25% of dividend payers in the Hong Kong market (6.32%)
Stability and Growth of Payments
Stable Dividend: 1359 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 1359's dividend payments have increased, but the company has only paid a dividend for 6 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (46.1%), 1359's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 1359's dividends in 3 years are forecast to be well covered by earnings (31.1% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.5yrs
Average management tenure
CEO
Weidong Zhang (53 yo)
2.17yrs
Tenure
CN¥324,000
Compensation
Mr. Zhang Weidong is President and an Executive Director at China Cinda Asset Management Co., Ltd. Since January 21, 2020. Mr. Zhang served as an Assistant to President at China Cinda Asset Management Co.,...
CEO Compensation Analysis
Compensation vs Market: Weidong's total compensation ($USD50.07K) is below average for companies of similar size in the Hong Kong market ($USD634.28K).
Compensation vs Earnings: Insufficient data to compare Weidong's compensation with company performance.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board | 2.58yrs | CN¥728.00k | no data | |
| President & Executive Director | 2.17yrs | CN¥324.00k | no data | |
| CFO and GM of Planning & Finance Department | 0.58yr | no data | no data | |
| Chief Risk Officer | 7.42yrs | no data | no data | |
| Board Secretary | 4.92yrs | no data | no data |
3.5yrs
Average Tenure
53yo
Average Age
Experienced Management: 1359's management team is considered experienced (3.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board | 2.58yrs | CN¥728.00k | no data | |
| President & Executive Director | 2.17yrs | CN¥324.00k | no data | |
| Independent Non-Executive Director | 1.75yrs | CN¥63.00k | no data | |
| Independent Non-Executive Director | 4.42yrs | CN¥250.00k | no data | |
| Non-Executive Director | 3.58yrs | no data | no data | |
| Independent Non-Executive Director | 4.42yrs | CN¥250.00k | no data | |
| Chairman of Board of Supervisors | 6.08yrs | no data | no data | |
| Non-Executive Director | 3.92yrs | no data | no data | |
| Non-Executive Director | 2.67yrs | no data | no data | |
| Non-Executive Director | 2.67yrs | no data | no data | |
| Independent Non-Executive Director | 1.33yrs | CN¥32.00k | no data | |
| Non-Executive Director | 0.58yr | no data | no data |
2.7yrs
Average Tenure
56.5yo
Average Age
Experienced Board: 1359's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.
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
China Cinda Asset Management Co., Ltd.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: China Cinda Asset Management Co., Ltd.
- Ticker: 1359
- Exchange: SZSC
- Founded: 1999
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: HK$58.392b
- Shares outstanding: 38.16b
- Website: https://www.cinda.com.cn
Number of Employees
Location
- China Cinda Asset Management Co., Ltd.
- No. 1 Building
- 9 Naoshikou Street
- Beijing
- 100031
- China
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 1359 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Foreign Shares-Foreign Listed | HK | HKD | Dec 2013 |
| 0CI | DB (Deutsche Boerse AG) | Yes | Foreign Shares-Foreign Listed | DE | EUR | Dec 2013 |
| 1359 | SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect) | Yes | Foreign Shares-Foreign Listed | HK | HKD | Dec 2013 |
| CCGD.F | OTCPK (Pink Sheets LLC) | Yes | Foreign Shares-Foreign Listed | US | USD | Dec 2013 |
| 1359 | SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect) | Yes | Foreign Shares-Foreign Listed | HK | HKD | Dec 2013 |
| A1864F | DB (Deutsche Boerse AG) | 4.45% NON CUM PERP OFFSHORE PREF SHS | DE | USD | Nov 2016 |
Biography
China Cinda Asset Management Co., Ltd. acquires, manages, invests in, and disposes financial and non-financial institution distressed assets in the People’s Republic of China. The company operates through ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/03 10:22 |
| End of Day Share Price | 2021/03/02 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.