SEHK:1699

Stock Analysis Report

Executive Summary

China Putian Food Holding Limited, an investment holding company, engages in farming and slaughtering hogs, and selling pork products in the People’s Republic of China.


Snowflake Analysis

Imperfect balance sheet and overvalued.

Share Price & News

How has China Putian Food Holding's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 1699 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.9%

1699

2.2%

HK Food

-0.6%

HK Market


1 Year Return

-33.8%

1699

9.0%

HK Food

-7.6%

HK Market

Return vs Industry: 1699 underperformed the Hong Kong Food industry which returned 9% over the past year.

Return vs Market: 1699 underperformed the Hong Kong Market which returned -7.6% over the past year.


Shareholder returns

1699IndustryMarket
7 Day-1.9%2.2%-0.6%
30 Day-8.6%2.3%-1.4%
90 Day-1.9%9.8%2.0%
1 Year-33.8%-33.8%11.9%9.0%-4.2%-7.6%
3 Year-41.8%-41.8%51.6%40.5%12.9%1.5%
5 Year-57.3%-57.3%22.2%10.1%13.1%-5.6%

Price Volatility Vs. Market

How volatile is China Putian Food Holding's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is China Putian Food Holding undervalued compared to its fair value and its price relative to the market?

17.04x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 1699's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 1699's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 1699 is poor value based on its PE Ratio (17x) compared to the Food industry average (15.9x).

PE vs Market: 1699 is poor value based on its PE Ratio (17x) compared to the Hong Kong market (10.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 1699's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 1699 is good value based on its PB Ratio (0.7x) compared to the HK Food industry average (0.8x).


Next Steps

Future Growth

How is China Putian Food Holding forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

13.7%

Forecasted Food, Beverage & Tobacco 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 Putian Food Holding 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 Putian Food Holding performed over the past 5 years?

-65.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1699 has a large one-off gain of CN¥55.0M impacting its June 30 2019 financial results.

Growing Profit Margin: 1699 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 1699's earnings have declined by -65.4% per year over the past 5 years.

Accelerating Growth: 1699 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 1699 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Food industry (2.1%).


Return on Equity

High ROE: 1699's Return on Equity (3.9%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is China Putian Food Holding's financial position?


Financial Position Analysis

Short Term Liabilities: 1699's short term assets (CN¥514.4M) exceed its short term liabilities (CN¥464.2M).

Long Term Liabilities: 1699's short term assets (CN¥514.4M) exceed its long term liabilities (CN¥60.7M).


Debt to Equity History and Analysis

Debt Level: 1699's debt to equity ratio (65.6%) is considered high.

Reducing Debt: 1699's debt to equity ratio has increased from 46.6% to 65.6% over the past 5 years.

Debt Coverage: 1699's debt is not well covered by operating cash flow (9.1%).

Interest Coverage: 1699's interest payments on its debt are not well covered by EBIT (0.2x coverage).


Balance Sheet

Inventory Level: 1699 has a high level of physical assets or inventory.

Debt Coverage by Assets: 1699's debt is covered by short term assets (assets are 1.2x debt).


Next Steps

Dividend

What is China Putian Food Holding's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%2.3%markettop25%6.3%industryaverage2.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate 1699's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 1699's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 1699's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 1699's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 1699 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 1699'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?

8.4yrs

Average management tenure


CEO

Chenyang Cai (49yo)

8yrs

Tenure

CN¥884,000

Compensation

Mr. Chenyang Cai has been the Chairman and Chief Executive Officer of China Putian Food Holding Limited since February 7, 2012. He has been Executive Director at China Putian Food Holding Limited since Feb ...


CEO Compensation Analysis

Compensation vs Market: Chenyang's total compensation ($USD125.77K) is below average for companies of similar size in the Hong Kong market ($USD226.90K).

Compensation vs Earnings: Chenyang's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Chenyang Cai
Chairman & CEO8yrsCN¥884.00kno data
Haifang Cai
Executive Director8yrsCN¥349.00kno data
Yilin Ma
Executive Director1.5yrsCN¥100.00k0.76% CN¥3.9m
Kin Shing Ku
Financial Controller & Company Secretary8.8yrsno datano data

8.4yrs

Average Tenure

44.5yo

Average Age

Experienced Management: 1699's management team is seasoned and experienced (8.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Chenyang Cai
Chairman & CEO8yrsCN¥884.00kno data
Haifang Cai
Executive Director8yrsCN¥349.00kno data
Yilin Ma
Executive Director1.5yrsCN¥100.00k0.76% CN¥3.9m
Zirong Cai
Independent Non-Executive Director8yrsCN¥51.00kno data
Aiguo Wang
Independent Non-Executive Director5.8yrsCN¥51.00kno data
Chaochao Xue
Independent Non-Executive Director0.6yrsno datano data
Lian Cheng
Non-Executive Director0.6yrsno datano data
Zhiwei Cai
Non-Executive Director0.6yrsno datano data

3.6yrs

Average Tenure

38.5yo

Average Age

Experienced Board: 1699's board of directors are considered experienced (3.6 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 12.9%.


Top Shareholders

Company Information

China Putian Food Holding Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: China Putian Food Holding Limited
  • Ticker: 1699
  • Exchange: SEHK
  • Founded:
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: HK$510.030m
  • Shares outstanding: 1.89b
  • Website: https://www.putian.com.hk

Number of Employees


Location

  • China Putian Food Holding Limited
  • Hualin Industrial Zone
  • Hualin Road
  • Putian
  • Fujian Province
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1699SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJul 2012

Biography

China Putian Food Holding Limited, an investment holding company, engages in farming and slaughtering hogs, and selling pork products in the People’s Republic of China. The company primarily offers whole hog carcasses, heads, intestines, other internal organs, and various cuts of pork meat under the Putian brand. It also retails and wholesales pork products; wholesales pre-packaged food; organizes exhibition events; and provides technology development and consultancy services, as well as research and development services on food production technology. In addition, the company farms cereals and vegetables; and produces and sells agricultural products. As of December 31, 2018, it had 78 retail counters in supermarkets and department stores; and 16 direct sales retail outlets. The company is headquartered in Putian, the People’s Republic of China. China Putian Food Holding Limited is a subsidiary of Zhan Rui Investments Limited. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/24 13:26
End of Day Share Price2020/02/24 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.