Executive Summary
China Qinfa Group Limited, an investment holding company, engages in the mining, purchase and sale, filtering, storage, blending, shipping, and transportation of coal in the People’s Republic of China.
Rewards
Risk Analysis
+ 1 more risk
Snowflake Analysis
Good value with poor track record.
Share Price & News
How has China Qinfa Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 866's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-0.7%
866
2.9%
HK Oil and Gas
1.4%
HK Market
1 Year Return
-49.0%
866
-32.1%
HK Oil and Gas
-9.9%
HK Market
Return vs Industry: 866 underperformed the Hong Kong Oil and Gas industry which returned -32.1% over the past year.
Return vs Market: 866 underperformed the Hong Kong Market which returned -9.9% over the past year.
Shareholder returns
| 866 | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.7% | 2.9% | 1.4% |
| 30 Day | -9.8% | -4.4% | -3.7% |
| 90 Day | -25.3% | -12.4% | -7.8% |
| 1 Year | -49.0%-49.0% | -28.9%-32.1% | -6.9%-9.9% |
| 3 Year | -27.1%-27.1% | -27.1%-37.9% | -4.8%-14.4% |
| 5 Year | -77.2%-77.2% | -46.0%-55.3% | -15.2%-28.3% |
Price Volatility Vs. Market
How volatile is China Qinfa Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
How Much Are China Qinfa Group Limited (HKG:866) Insiders Spending On Buying Shares?1 month ago | Simply Wall St
What Kind Of Shareholder Owns Most China Qinfa Group Limited (HKG:866) Stock?2 months ago | Simply Wall St
What Did China Qinfa Group Limited's (HKG:866) CEO Take Home Last Year?Valuation
Is China Qinfa Group 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: 866 (HK$0.15) is trading below our estimate of fair value (HK$1.01)
Significantly Below Fair Value: 866 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 866 is good value based on its PE Ratio (4.5x) compared to the Oil and Gas industry average (5.6x).
PE vs Market: 866 is good value based on its PE Ratio (4.5x) compared to the Hong Kong market (9.3x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 866's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 866 has negative assets, so we can't compare its PB Ratio to the HK Oil and Gas industry average.
Next Steps
Future Growth
How is China Qinfa Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
35.8%
Forecasted Energy 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 Qinfa Group 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
- Examine whether China Qinfa Group is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- China Qinfa Group competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Energy industry.
Past Performance
How has China Qinfa Group performed over the past 5 years?
54.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 866 has a large one-off gain of CN¥1.8M impacting its December 31 2019 financial results.
Growing Profit Margin: 866's current net profit margins (2.7%) are lower than last year (41.1%).
Past Earnings Growth Analysis
Earnings Trend: 866 has become profitable over the past 5 years, growing earnings by 54.8% per year.
Accelerating Growth: 866's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 866 had negative earnings growth (-94.9%) over the past year, making it difficult to compare to the Oil and Gas industry average (1.8%).
Return on Equity
High ROE: 866's Return on Equity (14.3%) is considered low.
Next Steps
Financial Health
How is China Qinfa Group's financial position?
Financial Position Analysis
Short Term Liabilities: 866's short term assets (CN¥656.8M) do not cover its short term liabilities (CN¥5.3B).
Long Term Liabilities: 866's short term assets (CN¥656.8M) do not cover its long term liabilities (CN¥3.5B).
Debt to Equity History and Analysis
Debt Level: 866's debt to equity ratio (767.1%) is considered high.
Reducing Debt: 866's debt to equity ratio has increased from 323.9% to 767.1% over the past 5 years.
Debt Coverage: 866's debt is not well covered by operating cash flow (11.9%).
Interest Coverage: 866's interest payments on its debt are not well covered by EBIT (0.7x coverage).
Balance Sheet
Next Steps
Dividend
What is China Qinfa Group's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate 866's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate 866's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if 866's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 866's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: 866 is not paying a notable dividend for the Hong Kong market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 866's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.4yrs
Average management tenure
CEO
Tao Bai (36yo)
5.42yrs
Tenure
CN¥2,979,000
Compensation
Mr. Tao Bai has been the Chief Executive Officer of China Qinfa Group Limited since December 10, 2015 and serves as its President. Mr. Bai serves as Vice President of the Group and the General Manager of Z ...
CEO Compensation Analysis
Compensation vs Market: Tao's total compensation ($USD417.43K) is above average for companies of similar size in the Hong Kong market ($USD228.12K).
Compensation vs Earnings: Tao's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 4.42yrs | CN¥2.85m | 3.74% CN¥13.8m | |
| CEO, President & Executive Director | 5.42yrs | CN¥2.98m | 2.01% CN¥7.4m | |
| CFO & Executive Director | 3.17yrs | CN¥2.63m | 1% CN¥3.7m | |
| Executive Director | 12.08yrs | CN¥1.29m | 4.01% CN¥14.8m | |
| Company Secretary | 1yr | no data | no data |
5.4yrs
Average Tenure
36yo
Average Age
Experienced Management: 866's management team is seasoned and experienced (5.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 4.42yrs | CN¥2.85m | 3.74% CN¥13.8m | |
| CEO, President & Executive Director | 5.42yrs | CN¥2.98m | 2.01% CN¥7.4m | |
| CFO & Executive Director | 3.17yrs | CN¥2.63m | 1% CN¥3.7m | |
| Executive Director | 12.08yrs | CN¥1.29m | 4.01% CN¥14.8m | |
| Independent Non-Executive Director | 1.75yrs | CN¥240.00k | no data | |
| Independent Non-Executive Director | 11yrs | CN¥331.00k | no data | |
| Independent Non-Executive Director | 1.17yrs | CN¥235.00k | no data |
4.4yrs
Average Tenure
49yo
Average Age
Experienced Board: 866's board of directors are considered experienced (4.4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: 866 insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
China Qinfa Group Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: China Qinfa Group Limited
- Ticker: 866
- Exchange: SEHK
- Founded: 1996
- Industry: Coal and Consumable Fuels
- Sector: Energy
- Market Cap: HK$369.025m
- Shares outstanding: 2.49b
- Website: https://www.qinfagroup.com
Number of Employees
Location
- China Qinfa Group Limited
- Central Plaza
- Room 5706, 57th Floor
- Wan Chai
- Hong Kong
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 866 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Jul 2009 |
| 16Q | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jul 2009 |
Biography
China Qinfa Group Limited, an investment holding company, engages in the mining, purchase and sale, filtering, storage, blending, shipping, and transportation of coal in the People’s Republic of China. The company operates through Coal Business and Shipping Transportation segments. As of December 31, 2019, the company owned and operated five coal mines. It is also involved in goods transportation and logistics, and charter hire activities. The company was founded in 1996 and is based in Wan Chai, Hong Kong.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/06/01 14:15 |
| End of Day Share Price | 2020/05/29 00:00 |
| Earnings | 2019/12/31 |
| 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.