SZSC:1905

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Haitong Unitrust International Financial Leasing

Executive Summary

Haitong Unitrust International Financial Leasing Co., Ltd., through its subsidiaries, operates as a financial leasing company in the People’s Republic of China. More Details


Snowflake Analysis

Good value average dividend payer.


Similar Companies

Share Price & News

How has Haitong Unitrust International Financial Leasing's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 1905 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: 1905's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

0.8%

1905

-4.2%

HK Diversified Financial

-3.5%

HK Market


1 Year Return

-12.6%

1905

9.7%

HK Diversified Financial

19.4%

HK Market

Return vs Industry: 1905 underperformed the Hong Kong Diversified Financial industry which returned 9.7% over the past year.

Return vs Market: 1905 underperformed the Hong Kong Market which returned 19.4% over the past year.


Shareholder returns

1905IndustryMarket
7 Day0.8%-4.2%-3.5%
30 Day5.9%5.5%-0.7%
90 Day-6.0%7.5%10.8%
1 Year-6.1%-12.6%15.7%9.7%24.0%19.4%
3 Yearn/a-9.7%-18.9%5.5%-5.4%
5 Yearn/a-25.3%-32.9%64.0%36.2%

Long-Term Price Volatility Vs. Market

How volatile is Haitong Unitrust International Financial Leasing's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Haitong Unitrust International Financial Leasing 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: 1905 (HK$1.25) is trading below our estimate of fair value (HK$3.07)

Significantly Below Fair Value: 1905 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 1905 is poor value based on its PE Ratio (7.8x) compared to the HK Diversified Financial industry average (7.7x).

PE vs Market: 1905 is good value based on its PE Ratio (7.8x) compared to the Hong Kong market (12x).


Price to Earnings Growth Ratio

PEG Ratio: 1905 is good value based on its PEG Ratio (0.8x)


Price to Book Ratio

PB vs Industry: 1905's PB Ratio (0.6x) is in line with the HK Diversified Financial industry average.


Next Steps

Future Growth

How is Haitong Unitrust International Financial Leasing forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

9.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1905's forecast earnings growth (9.7% per year) is above the savings rate (1.5%).

Earnings vs Market: 1905's earnings (9.7% per year) are forecast to grow slower than the Hong Kong market (21.2% per year).

High Growth Earnings: 1905's earnings are forecast to grow, but not significantly.

Revenue vs Market: 1905's revenue (14.1% per year) is forecast to grow faster than the Hong Kong market (13.5% per year).

High Growth Revenue: 1905's revenue (14.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 1905's Return on Equity is forecast to be low in 3 years time (8.5%).


Next Steps

Past Performance

How has Haitong Unitrust International Financial Leasing performed over the past 5 years?

16.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1905 has high quality earnings.

Growing Profit Margin: 1905's current net profit margins (33%) are lower than last year (34.3%).


Past Earnings Growth Analysis

Earnings Trend: 1905's earnings have grown by 16.4% per year over the past 5 years.

Accelerating Growth: 1905's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 1905 had negative earnings growth (-13.3%) over the past year, making it difficult to compare to the Diversified Financial industry average (-0.3%).


Return on Equity

High ROE: 1905's Return on Equity (7.3%) is considered low.


Next Steps

Financial Health

How is Haitong Unitrust International Financial Leasing's financial position?


Financial Position Analysis

Short Term Liabilities: 1905's short term assets (CN¥56.3B) exceed its short term liabilities (CN¥49.0B).

Long Term Liabilities: 1905's short term assets (CN¥56.3B) exceed its long term liabilities (CN¥44.0B).


Debt to Equity History and Analysis

Debt Level: 1905's debt to equity ratio (273.5%) is considered high.

Reducing Debt: 1905's debt to equity ratio has reduced from 292.5% to 273.5% over the past 5 years.

Debt Coverage: 1905's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if 1905's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is Haitong Unitrust International Financial Leasing current dividend yield, its reliability and sustainability?

7.29%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 1905's dividend (7.29%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.02%).

High Dividend: 1905's dividend (7.29%) is in the top 25% of dividend payers in the Hong Kong market (6.26%)


Stability and Growth of Payments

Stable Dividend: Too early to tell whether 1905's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if 1905's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (61.1%), 1905's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 1905's dividends in 3 years are forecast to be well covered by earnings (38% payout ratio).


Next Steps

Management

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

3.8yrs

Average board tenure


CEO

Xueqing Ding (56 yo)

5.67yrs

Tenure

CN¥6,535,000

Compensation

Mr. Xueqing Ding is Chairman at Haitong Unitrust International Financial Leasing Co., Ltd. He has been Executive Director at Haitong Unitrust International Financial Leasing Co., Ltd. since November 2014 a...


CEO Compensation Analysis

Compensation vs Market: Xueqing's total compensation ($USD1.01M) is above average for companies of similar size in the Hong Kong market ($USD580.71K).

Compensation vs Earnings: Xueqing's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Board Members

NamePositionTenureCompensationOwnership
Xueqing Ding
Chairman & GM5.67yrsCN¥6.54mno data
Jianli Zhou
Deputy GM3.83yrsCN¥4.91mno data
Yulin Jiang
Independent Non-Executive Director3.83yrsCN¥210.00kno data
Meijuan Wang
Chairman of the Supervisory Board3.83yrsno datano data
Peng Ren
Non-Executive Director6.75yrsno datano data
Erman Ha
Non-Executive Director1.33yrsno datano data
Shaohua Zhang
Non-Executive Director7.17yrsno datano data
Shukun Wu
Non-Executive Director3.92yrsno datano data
Chuan Li
Non-Executive Director1.33yrsno datano data
Qingsheng Zeng
Independent Non-Executive Director3.83yrsCN¥210.00kno data
Yat Wai Wu
Independent Non-Executive Director3.83yrsCN¥210.00kno data
Lixin Yan
Independent Non-Executive Directorno datano datano data

3.8yrs

Average Tenure

51yo

Average Age

Experienced Board: 1905's board of directors are considered experienced (3.8 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

Haitong Unitrust International Financial Leasing Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Haitong Unitrust International Financial Leasing Co., Ltd.
  • Ticker: 1905
  • Exchange: SZSC
  • Founded: 2004
  • Industry: Specialized Finance
  • Sector: Diversified Financials
  • Market Cap: HK$10.294b
  • Shares outstanding: 8.24b
  • Website: https://www.utfinancing.com

Number of Employees


Location

  • Haitong Unitrust International Financial Leasing Co., Ltd.
  • Haitong Unitrust Tower
  • No. 599 South Zhongshan Road
  • Shanghai
  • 200001
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1905SEHK (The Stock Exchange of Hong Kong Ltd.)YesForeign Shares-Foreign ListedHKHKDJun 2019
1905SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesForeign Shares-Foreign ListedHKHKDJun 2019
HA6DB (Deutsche Boerse AG)YesForeign Shares-Foreign ListedDEEURJun 2019

Biography

Haitong Unitrust International Financial Leasing Co., Ltd., through its subsidiaries, operates as a financial leasing company in the People’s Republic of China. It offers operating leasing services, factor...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/05 10:03
End of Day Share Price2021/03/04 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.