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New Century Healthcare Holding

SEHK:1518
Snowflake Description

Flawless balance sheet with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1518
SEHK
HK$2B
Market Cap
  1. Home
  2. HK
  3. Healthcare
Company description

New Century Healthcare Holding Co. Limited, an investment holding company, provides healthcare services to women and children in the People’s Republic of China. The last earnings update was 27 days ago. More info.


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  • New Century Healthcare Holding has significant price volatility in the past 3 months.
1518 Share Price and Events
7 Day Returns
-2.4%
SEHK:1518
-3.8%
HK Healthcare
-2.4%
HK Market
1 Year Returns
-51.9%
SEHK:1518
-26%
HK Healthcare
-16.5%
HK Market
1518 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
New Century Healthcare Holding (1518) -2.4% -0.8% -18.3% -51.9% - -
HK Healthcare -3.8% -7.5% -13.8% -26% -25.6% -3.8%
HK Market -2.4% -9% -8.1% -16.5% 19.3% 4.9%
1 Year Return vs Industry and Market
  • 1518 underperformed the Healthcare industry which returned -26% over the past year.
  • 1518 underperformed the Market in Hong Kong which returned -16.5% over the past year.
Price Volatility
1518
Industry
5yr Volatility vs Market

1518 Value

 Is New Century Healthcare Holding undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of New Century Healthcare Holding to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for New Century Healthcare Holding.

SEHK:1518 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.8%
Perpetual Growth Rate 10-Year HK Government Bond Rate 2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SEHK:1518
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6%
Healthcare Unlevered Beta Simply Wall St/ S&P Global 0.69
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.687 (1 + (1- 25%) (0%))
0.791
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (0.8 * 5.96%)
6.77%

Discounted Cash Flow Calculation for SEHK:1518 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for New Century Healthcare Holding is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

SEHK:1518 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 6.77%)
2019 88.00 Analyst x1 82.42
2020 103.00 Analyst x1 90.35
2021 114.92 Est @ 11.57% 94.41
2022 124.92 Est @ 8.7% 96.12
2023 133.28 Est @ 6.69% 96.05
2024 140.32 Est @ 5.29% 94.71
2025 146.36 Est @ 4.3% 92.52
2026 151.65 Est @ 3.61% 89.78
2027 156.39 Est @ 3.13% 86.72
2028 160.76 Est @ 2.79% 83.49
Present value of next 10 years cash flows CN¥906.59
SEHK:1518 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CN¥160.76 × (1 + 2%) ÷ (6.77% – 2%)
CN¥3,439.08
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥3,439.08 ÷ (1 + 6.77%)10
CN¥1,786.11
SEHK:1518 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥906.59 + CN¥1,786.11
CN¥2,692.70
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥2,692.70 / 490.03
CN¥5.5
SEHK:1518 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:1518)
1.138
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥5.5 x 1.138
HK$6.25
Value per share (HKD) From above. HK$6.25
Current discount Discount to share price of HK$4.86
= -1 x (HK$4.86 - HK$6.25) / HK$6.25
22.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price New Century Healthcare Holding is available for.
Intrinsic value
22%
Share price is HK$4.86 vs Future cash flow value of HK$6.25
Current Discount Checks
For New Century Healthcare Holding to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • New Century Healthcare Holding's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • New Century Healthcare Holding's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for New Century Healthcare Holding's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are New Century Healthcare Holding's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:1518 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥0.09
SEHK:1518 Share Price ** SEHK (2019-05-24) in HKD HK$4.86
SEHK:1518 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.879 CN¥4.27
Hong Kong Healthcare Industry PE Ratio Median Figure of 18 Publicly-Listed Healthcare Companies 16.57x
Hong Kong Market PE Ratio Median Figure of 1,478 Publicly-Listed Companies 10.99x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of New Century Healthcare Holding.

SEHK:1518 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1518 Share Price ÷ EPS (both in CNY)

= 4.27 ÷ 0.09

49.66x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • New Century Healthcare Holding is overvalued based on earnings compared to the HK Healthcare industry average.
  • New Century Healthcare Holding is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does New Century Healthcare Holding's expected growth come at a high price?
Raw Data
SEHK:1518 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 49.66x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
24.5%per year
Hong Kong Healthcare Industry PEG Ratio Median Figure of 7 Publicly-Listed Healthcare Companies 1.07x
Hong Kong Market PEG Ratio Median Figure of 462 Publicly-Listed Companies 0.77x

*Line of best fit is calculated by linear regression .

SEHK:1518 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 49.66x ÷ 24.5%

2.02x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • New Century Healthcare Holding is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on New Century Healthcare Holding's assets?
Raw Data
SEHK:1518 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥2.53
SEHK:1518 Share Price * SEHK (2019-05-24) in HKD HK$4.86
SEHK:1518 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.879 CN¥4.27
Hong Kong Healthcare Industry PB Ratio Median Figure of 34 Publicly-Listed Healthcare Companies 1.64x
Hong Kong Market PB Ratio Median Figure of 2,157 Publicly-Listed Companies 0.94x
SEHK:1518 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1518 Share Price ÷ Book Value per Share (both in CNY)

= 4.27 ÷ 2.53

1.69x

* Primary Listing of New Century Healthcare Holding.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • New Century Healthcare Holding is overvalued based on assets compared to the HK Healthcare industry average.
X
Value checks
We assess New Century Healthcare Holding's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Healthcare industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Healthcare industry average (and greater than 0)? (1 check)
  5. New Century Healthcare Holding has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

1518 Future Performance

 How is New Century Healthcare Holding expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
24.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is New Century Healthcare Holding expected to grow at an attractive rate?
  • New Century Healthcare Holding's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • New Century Healthcare Holding's earnings growth is expected to exceed the Hong Kong market average.
  • New Century Healthcare Holding's revenue growth is expected to exceed the Hong Kong market average.
Annual Growth Rates Comparison
Raw Data
SEHK:1518 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:1518 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 24.5%
SEHK:1518 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 14.8%
Hong Kong Healthcare Industry Earnings Growth Rate Market Cap Weighted Average 15.1%
Hong Kong Healthcare Industry Revenue Growth Rate Market Cap Weighted Average 12.5%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.3%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SEHK:1518 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:1518 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 833 126 70 2
2019-12-31 743 123 63 2
SEHK:1518 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 616 18 42
2018-09-30 591 39 47
2018-06-30 565 59 52
2018-03-31 551 80 63
2017-12-31 536 100 73
2017-09-30 541 111 136
2017-06-30 508 86 126
2017-03-31 499 101 109
2016-12-31 491 115 92
2016-09-30 424 104 26
2016-06-30 368 117 33
2016-03-31 313 98 37

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • New Century Healthcare Holding's earnings are expected to grow significantly at over 20% yearly.
  • New Century Healthcare Holding's revenue is expected to grow by 14.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SEHK:1518 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from New Century Healthcare Holding Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1518 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.15 0.15 0.15 2.00
2019-12-31 0.13 0.14 0.12 2.00
SEHK:1518 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 0.09
2018-09-30 0.10
2018-06-30 0.11
2018-03-31 0.13
2017-12-31 0.16
2017-09-30 0.32
2017-06-30 0.34
2017-03-31 0.35
2016-12-31 0.35
2016-09-30 0.10
2016-06-30 0.13
2016-03-31 0.14

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • New Century Healthcare Holding is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess New Century Healthcare Holding's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
New Century Healthcare Holding has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

1518 Past Performance

  How has New Century Healthcare Holding performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare New Century Healthcare Holding's growth in the last year to its industry (Healthcare).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • New Century Healthcare Holding's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • New Century Healthcare Holding's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • New Century Healthcare Holding's 1-year earnings growth is negative, it can't be compared to the HK Healthcare industry average.
Earnings and Revenue History
New Century Healthcare Holding's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from New Century Healthcare Holding Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1518 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 615.98 41.51 145.08
2018-09-30 590.54 46.57 132.20
2018-06-30 565.10 51.78 119.31
2018-03-31 550.78 62.64 109.91
2017-12-31 536.46 73.33 100.51
2017-09-30 540.75 135.57 115.43
2017-06-30 507.61 126.27 114.45
2017-03-31 499.27 109.20 117.89
2016-12-31 490.93 92.14 121.32
2016-09-30 423.69 25.93 98.79
2016-06-30 367.99 33.30 79.39
2016-03-31 313.09 37.10 64.16
2015-12-31 258.20 40.90 48.92
2014-12-31 249.01 46.71 45.98
2013-12-31 238.77 53.57 40.16

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • New Century Healthcare Holding has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • New Century Healthcare Holding used its assets less efficiently than the HK Healthcare industry average last year based on Return on Assets.
  • New Century Healthcare Holding's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess New Century Healthcare Holding's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Healthcare industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
New Century Healthcare Holding has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

1518 Health

 How is New Century Healthcare Holding's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up New Century Healthcare Holding's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • New Century Healthcare Holding is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • New Century Healthcare Holding's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of New Century Healthcare Holding's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • New Century Healthcare Holding has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from New Century Healthcare Holding Company Filings, last reported 4 months ago.

SEHK:1518 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,271.34 0.00 483.33
2018-09-30 1,271.34 0.00 483.33
2018-06-30 1,233.52 0.00 881.34
2018-03-31 1,233.52 0.00 881.34
2017-12-31 1,238.44 0.00 940.58
2017-09-30 1,238.44 0.00 940.58
2017-06-30 1,206.70 0.00 950.19
2017-03-31 1,206.70 0.00 950.19
2016-12-31 134.52 189.68 190.20
2016-09-30 68.24 242.95 153.13
2016-06-30 -289.79 588.21 121.24
2016-03-31 -289.79 588.21 121.24
2015-12-31 306.97 30.00 82.23
2014-12-31 97.46 0.00 120.93
2013-12-31 118.00 0.00 129.25
  • New Century Healthcare Holding has no debt.
  • New Century Healthcare Holding had no debt 5 years ago.
  • New Century Healthcare Holding has no debt, it does not need to be covered by operating cash flow.
  • New Century Healthcare Holding has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess New Century Healthcare Holding's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. New Century Healthcare Holding has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

1518 Dividends

 What is New Century Healthcare Holding's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from New Century Healthcare Holding dividends. Estimated to be 0.94% next year.
If you bought HK$2,000 of New Century Healthcare Holding shares you are expected to receive HK$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate New Century Healthcare Holding's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate New Century Healthcare Holding's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SEHK:1518 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Hong Kong Healthcare Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 2.4%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 965 Stocks 3.7%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.2%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.1%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SEHK:1518 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.03 2.00
2019-12-31 0.06 1.00
SEHK:1518 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-04-29 0.000 0.000
2019-03-25 0.000 0.000
2018-04-30 0.040 0.688
2018-03-28 0.040 0.435

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as New Century Healthcare Holding has not reported any payouts.
  • Unable to verify if New Century Healthcare Holding's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of New Century Healthcare Holding's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as New Century Healthcare Holding has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of New Century Healthcare Holding's dividends in 3 years as they are not expected to pay a notable one for Hong Kong.
X
Income/ dividend checks
We assess New Century Healthcare Holding's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can New Century Healthcare Holding afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. New Century Healthcare Holding has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

1518 Management

 What is the CEO of New Century Healthcare Holding's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Zhou Jason
COMPENSATION CN¥2,381,000
AGE 53
TENURE AS CEO 3.8 years
CEO Bio

Mr. Jason Zhou founded New Century Healthcare Holding Co Ltd. in 2002 and has been its Chairman and Chief Executive Officer since August 2015 and Executive Director since July 31, 2015. From April 2001 to December 2002, Mr. Zhou served as the general manager of Beijing Chuangju Science and Technological Development Co., Ltd. Prior to that, Mr. Zhou served as the general manager of Beijing Chuangju Telecommunications Technology Co., Ltd. From March 1991 to December 1995, Mr. Zhou served as the General Manager of Guanglian Industrial (Group) Co., Ltd. From July 1987 to August 1990, Mr. Zhou was an Engineer at the Beijing Central Engineering and Research Incorporation of Iron and Steel Industry. Mr. Zhou obtained his bachelor’s degree in Electrical Engineering from Beijing Union University in July 1987.

CEO Compensation
  • Zhou's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Zhou's remuneration is higher than average for companies of similar size in Hong Kong.
Management Team Tenure

Average tenure and age of the New Century Healthcare Holding management team in years:

3.1
Average Tenure
47
Average Age
  • The tenure for the New Century Healthcare Holding management team is about average.
Management Team

Zhou Jason

TITLE
Chairman & CEO
COMPENSATION
CN¥2M
AGE
53
TENURE
3.8 yrs

Han Xu

TITLE
CFO, Senior VP & Executive Director
COMPENSATION
CN¥2M
AGE
46

Hong Xin

TITLE
COO, Senior VP & Executive Director
COMPENSATION
CN¥2M
AGE
48
TENURE
3.1 yrs

Xiaofeng Jia

TITLE
VP, Investment Director & Joint Company Secretary
AGE
38
TENURE
3.1 yrs

Lan Teng

TITLE
VP & Group Director of Human Resources
AGE
42
TENURE
3.1 yrs

Hong Zhou

TITLE
Chief Physician
AGE
58

Lai Shan So

TITLE
Joint Company Secretary
TENURE
0.8 yrs
Board of Directors Tenure

Average tenure and age of the New Century Healthcare Holding board of directors in years:

2.4
Average Tenure
46
Average Age
  • The average tenure for the New Century Healthcare Holding board of directors is less than 3 years, this suggests a new board.
Board of Directors

Zhou Jason

TITLE
Chairman & CEO
COMPENSATION
CN¥2M
AGE
53
TENURE
3.8 yrs

Han Xu

TITLE
CFO, Senior VP & Executive Director
COMPENSATION
CN¥2M
AGE
46
TENURE
3.3 yrs

Hong Xin

TITLE
COO, Senior VP & Executive Director
COMPENSATION
CN¥2M
AGE
48
TENURE
3.3 yrs

Guanxiong Wu

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥100K
AGE
46
TENURE
2.4 yrs

Martin Sun

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥100K
AGE
43
TENURE
2.4 yrs

Siye Wang

TITLE
Non-Executive Director
AGE
36
TENURE
3.3 yrs

Yanfu Jiang

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥100K
AGE
73
TENURE
2.4 yrs

Jing Ma

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥100K
AGE
57
TENURE
2.4 yrs

Qizhi Guo

TITLE
Non-executive director
AGE
45
TENURE
1.3 yrs

Adrian Cheng

TITLE
Non-Executive Director
AGE
38
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
10. Dec 18 Buy Zhou Jason Individual 04. Dec 18 04. Dec 18 5,500 HK$6.58 HK$36,190
10. Dec 18 Buy Zhou Jason Individual 03. Dec 18 03. Dec 18 10,000 HK$6.72 HK$67,200
10. Dec 18 Buy Zhou Jason Individual 30. Nov 18 30. Nov 18 3,500 HK$6.78 HK$23,730
10. Dec 18 Buy Zhou Jason Individual 29. Nov 18 29. Nov 18 2,000 HK$6.81 HK$13,620
10. Dec 18 Buy Zhou Jason Individual 10. Dec 18 10. Dec 18 9,500 HK$6.41 HK$60,895
10. Dec 18 Buy Zhou Jason Individual 05. Dec 18 05. Dec 18 2,000 HK$6.58 HK$13,160
10. Dec 18 Buy Zhou Jason Individual 06. Dec 18 06. Dec 18 5,000 HK$6.55 HK$32,750
10. Dec 18 Buy Zhou Jason Individual 07. Dec 18 07. Dec 18 4,000 HK$6.62 HK$26,480
29. Nov 18 Buy Zhou Jason Individual 23. Nov 18 23. Nov 18 2,000 HK$6.71 HK$13,420
29. Nov 18 Buy Zhou Jason Individual 22. Nov 18 22. Nov 18 3,000 HK$6.72 HK$20,160
29. Nov 18 Buy Zhou Jason Individual 26. Nov 18 26. Nov 18 20,000 HK$6.69 HK$133,800
29. Nov 18 Buy Zhou Jason Individual 28. Nov 18 28. Nov 18 2,000 HK$6.73 HK$13,460
29. Nov 18 Buy Zhou Jason Individual 27. Nov 18 27. Nov 18 4,000 HK$6.86 HK$27,440
22. Nov 18 Buy Zhou Jason Individual 19. Nov 18 19. Nov 18 18,500 HK$6.52 HK$120,620
22. Nov 18 Buy Zhou Jason Individual 21. Nov 18 21. Nov 18 16,000 HK$6.68 HK$106,880
22. Nov 18 Buy Zhou Jason Individual 20. Nov 18 20. Nov 18 5,000 HK$6.68 HK$33,400
16. Nov 18 Buy Zhou Jason Individual 13. Nov 18 13. Nov 18 7,000 HK$6.75 HK$47,250
16. Nov 18 Buy Zhou Jason Individual 15. Nov 18 15. Nov 18 11,500 HK$6.96 HK$80,040
16. Nov 18 Buy Zhou Jason Individual 14. Nov 18 14. Nov 18 5,500 HK$6.98 HK$38,390
12. Nov 18 Buy Zhou Jason Individual 07. Nov 18 07. Nov 18 2,500 HK$6.33 HK$15,825
12. Nov 18 Buy Zhou Jason Individual 12. Nov 18 12. Nov 18 7,000 HK$6.75 HK$47,250
07. Nov 18 Buy Zhou Jason Individual 01. Nov 18 01. Nov 18 11,500 HK$5.95 HK$68,425
25. Oct 18 Buy Zhou Jason Individual 19. Oct 18 19. Oct 18 6,000 HK$6.30 HK$37,800
07. Nov 18 Buy Zhou Jason Individual 02. Nov 18 02. Nov 18 23,500 HK$5.97 HK$140,295
07. Nov 18 Buy Zhou Jason Individual 05. Nov 18 05. Nov 18 14,500 HK$5.82 HK$84,390
07. Nov 18 Buy Zhou Jason Individual 06. Nov 18 06. Nov 18 6,000 HK$5.87 HK$35,220
31. Oct 18 Buy Zhou Jason Individual 26. Oct 18 26. Oct 18 24,000 HK$6.06 HK$145,440
31. Oct 18 Buy Zhou Jason Individual 29. Oct 18 29. Oct 18 9,000 HK$5.95 HK$53,550
31. Oct 18 Buy Zhou Jason Individual 30. Oct 18 30. Oct 18 14,000 HK$5.91 HK$82,740
31. Oct 18 Buy Zhou Jason Individual 31. Oct 18 31. Oct 18 14,500 HK$5.96 HK$86,420
25. Oct 18 Buy Zhou Jason Individual 24. Oct 18 24. Oct 18 13,000 HK$6.28 HK$81,640
25. Oct 18 Buy Zhou Jason Individual 25. Oct 18 25. Oct 18 22,000 HK$6.14 HK$135,080
25. Oct 18 Buy Zhou Jason Individual 22. Oct 18 22. Oct 18 36,000 HK$6.32 HK$227,520
25. Oct 18 Buy Zhou Jason Individual 23. Oct 18 23. Oct 18 42,500 HK$6.30 HK$267,750
X
Management checks
We assess New Century Healthcare Holding's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. New Century Healthcare Holding has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

1518 News

Simply Wall St News

Could The New Century Healthcare Holding Co. Limited (HKG:1518) Ownership Structure Tell Us Something Useful?

Insider Ownership Of New Century Healthcare Holding The definition of company insiders can be subjective, and does vary between jurisdictions. … General Public Ownership The general public, with a 35% stake in the company, will not easily be ignored. … Sometimes insiders have an interest in a public company through a holding in a private company, rather than in their own capacity as an individual.

Simply Wall St -

An Intrinsic Calculation For New Century Healthcare Holding Co. Limited (HKG:1518) Suggests It's 21% Undervalued

This is done using the Discounted Cash Flow (DCF) model! … If you want to learn more about discounted cash flow, the rationale behind this calculation can be read in detail in the Simply Wall St analysis model … View our latest analysis for New Century Healthcare Holding

Simply Wall St -

Need To Know: New Century Healthcare Holding Co. Limited (HKG:1518) Insiders Have Been Buying Shares

So before you buy or sell New Century Healthcare Holding Co. … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … New Century Healthcare Holding Insider Transactions Over The Last Year

Simply Wall St -

Why We’re Not Impressed By New Century Healthcare Holding Co. Limited’s (HKG:1518) 7.5% ROCE

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Understanding Return On Capital Employed (ROCE). … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

At HK$5.78, Is New Century Healthcare Holding Co. Limited (HKG:1518) Worth Looking At Closely?

New Century Healthcare Holding Co. … A question to answer is whether New Century Healthcare Holding's current trading price of HK$5.78 reflective of the actual value of the? … Let’s take a look at New Century Healthcare Holding’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

New Century Healthcare Holding Co. Limited (HKG:1518): The Best Of Both Worlds

Attractive stocks have exceptional fundamentals. … In the case of New Century Healthcare Holding Co. … Limited (HKG:1518), there's

Simply Wall St -

Imagine Owning New Century Healthcare Holding And Wondering If The 49% Share Price Slide Is Justified

New Century Healthcare Holding may have better days ahead, of course; we've only looked at a one year period. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … Unhappily, New Century Healthcare Holding had to report a 69% decline in EPS over the last year.

Simply Wall St -

Should You Be Concerned About New Century Healthcare Holding Co. Limited's (HKG:1518) Historical Volatility?

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility).

Simply Wall St -

Taking A Look At New Century Healthcare Holding Co. Limited's (HKG:1518) ROE

Our data shows New Century Healthcare Holding has a return on equity of 7.3% for the last year. … That means that for every HK$1 worth of shareholders' equity, it generated HK$0.073 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Is New Century Healthcare Holding Co. Limited's (HKG:1518) Balance Sheet A Threat To Its Future?

Limited (HKG:1518), which has zero-debt on its balance sheet, can maximize capital returns by increasing debt due to its lower cost of capital. … Is 1518 growing fast enough to value financial flexibility over lower cost of capital … Debt capital generally has lower cost of capital compared to equity funding.

Simply Wall St -

1518 Company Info

Description

New Century Healthcare Holding Co. Limited, an investment holding company, provides healthcare services to women and children in the People’s Republic of China. The company operates in the healthcare industry specializing in pediatric, obstetric, and gynecologic services; and hospital consulting services. It operates two specialty hospitals and four clinics in Beijing. The company also offers marketing services; and operates canteens, and gift and groceries shops at its hospitals. New Century Healthcare Holding Co. Limited was founded in 2002 and is headquartered in Beijing, the People’s Republic of China.

Details
Name: New Century Healthcare Holding Co. Limited
1518
Exchange: SEHK
Founded: 2002
HK$2,381,521,500
490,025,000
Website: http://www.ncich.com.cn
Address: New Century Healthcare Holding Co. Limited
No. 56, Nanlishi Road,
Xicheng District,
Beijing,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1518 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 18. Jan 2017
Number of employees
Current staff
Staff numbers
1,278
New Century Healthcare Holding employees.
Industry
Health Care Facilities
Healthcare
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/26 13:02
End of day share price update: 2019/05/24 00:00
Last estimates confirmation: 2019/04/18
Last earnings filing: 2019/04/29
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.