SEHK:1518

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New Century Healthcare Holding

Executive Summary

New Century Healthcare Holding Co. Limited, an investment holding company, provides healthcare services to women and children in the People’s Republic of China. More Details


Snowflake Analysis

Flawless balance sheet and fair value.


Similar Companies

Share Price & News

How has New Century Healthcare Holding's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 1518 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

6.5%

1518

4.3%

HK Healthcare

1.1%

HK Market


1 Year Return

-56.9%

1518

-25.5%

HK Healthcare

1.4%

HK Market

Return vs Industry: 1518 underperformed the Hong Kong Healthcare industry which returned -25.5% over the past year.

Return vs Market: 1518 underperformed the Hong Kong Market which returned 1.4% over the past year.


Shareholder returns

1518IndustryMarket
7 Day6.5%4.3%1.1%
30 Day18.6%1.8%7.0%
90 Day-3.4%1.8%2.4%
1 Year-56.9%-56.9%-23.7%-25.5%5.6%1.4%
3 Year-87.7%-87.8%-44.1%-48.1%-4.4%-14.8%
5 Yearn/a-44.5%-50.3%20.5%0.2%

Price Volatility Vs. Market

How volatile is New Century Healthcare Holding's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is New Century Healthcare Holding 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: 1518 (HK$1.15) is trading below our estimate of fair value (HK$2.71)

Significantly Below Fair Value: 1518 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 1518 is unprofitable, so we can't compare its PE Ratio to the HK Healthcare industry average.

PE vs Market: 1518 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 1518's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 1518 is good value based on its PB Ratio (0.5x) compared to the HK Healthcare industry average (1.5x).


Next Steps

Future Growth

How is New Century Healthcare Holding forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

66.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1518 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.6%).

Earnings vs Market: 1518 is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: 1518's is expected to become profitable in the next 3 years.

Revenue vs Market: 1518's revenue (12.4% per year) is forecast to grow slower than the Hong Kong market (13.3% per year).

High Growth Revenue: 1518's revenue (12.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 1518's Return on Equity is forecast to be low in 3 years time (3.5%).


Next Steps

Past Performance

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

-63.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1518 is currently unprofitable.

Growing Profit Margin: 1518 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 1518 is unprofitable, and losses have increased over the past 5 years at a rate of 63.4% per year.

Accelerating Growth: Unable to compare 1518's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 1518 is unprofitable, making it difficult to compare its past year earnings growth to the Healthcare industry (-10%).


Return on Equity

High ROE: 1518 has a negative Return on Equity (-36.54%), as it is currently unprofitable.


Next Steps

Financial Health

How is New Century Healthcare Holding's financial position?


Financial Position Analysis

Short Term Liabilities: 1518's short term assets (CN¥556.2M) exceed its short term liabilities (CN¥278.3M).

Long Term Liabilities: 1518's short term assets (CN¥556.2M) exceed its long term liabilities (CN¥368.9M).


Debt to Equity History and Analysis

Debt Level: 1518 is debt free.

Reducing Debt: 1518 has no debt compared to 5 years ago when its debt to equity ratio was 7.4%.

Debt Coverage: 1518 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 1518 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 1518's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 1518'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 1518's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 1518's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 1518 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 1518'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?

4.5yrs

Average management tenure


CEO

Jason Zhou (55 yo)

5.17yrs

Tenure

CN¥2,112,000

Compensation

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 ...


CEO Compensation Analysis

Compensation vs Market: Jason's total compensation ($USD314.66K) is above average for companies of similar size in the Hong Kong market ($USD233.00K).

Compensation vs Earnings: Jason's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Jason Zhou
Chairman & CEO5.17yrsCN¥2.11m38.41%
CN¥ 207.0m
Han Xu
CFO, Senior VP & Executive Director4.67yrsCN¥1.97m0.037%
CN¥ 198.0k
Hong Xin
COO, Senior VP & Executive Director4.67yrsCN¥1.97m0.037%
CN¥ 198.0k
Xiaofeng Jia
VP, Investment Director & Company Secretary4.5yrsno datano data
Lan Teng
VP & Group Director of Human Resources4.5yrsno datano data
Hong Zhou
Chief Physicianno datano datano data

4.5yrs

Average Tenure

49yo

Average Age

Experienced Management: 1518's management team is considered experienced (4.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jason Zhou
Chairman & CEO5.17yrsCN¥2.11m38.41%
CN¥ 207.0m
Han Xu
CFO, Senior VP & Executive Director4.67yrsCN¥1.97m0.037%
CN¥ 198.0k
Hong Xin
COO, Senior VP & Executive Director4.67yrsCN¥1.97m0.037%
CN¥ 198.0k
Chi-Kong Cheng
Non-Executive Director2.33yrsno datano data
Yanfu Jiang
Independent Non-Executive Director3.83yrsCN¥100.00kno data
Hongbin Sun
Independent Non-Executive Director3.83yrsCN¥100.00kno data
Siye Wang
Non-Executive Director4.67yrsno datano data
Guanxiong Wu
Independent Non-Executive Director3.83yrsCN¥100.00kno data
Jing Ma
Independent Non-Executive Director3.83yrsCN¥100.00kno data
Qizhi Guo
Non-executive director2.75yrsno datano data
Yuelin Yang
Non-Executive Director2.33yrsno datano data
Xiaoliang Feng
Non-Executive Director1.92yrsno datano data

3.8yrs

Average Tenure

48yo

Average Age

Experienced Board: 1518'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: 1518 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

New Century Healthcare Holding Co. Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: New Century Healthcare Holding Co. Limited
  • Ticker: 1518
  • Exchange: SEHK
  • Founded: 2002
  • Industry: Health Care Facilities
  • Sector: Healthcare
  • Market Cap: HK$539.028m
  • Shares outstanding: 490.03m
  • Website: https://www.ncich.com.cn

Number of Employees


Location

  • New Century Healthcare Holding Co. Limited
  • 56 Nanlishi Road
  • Xicheng District
  • Beijing
  • Beijing Province
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1518SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJan 2017

Biography

New Century Healthcare Holding Co. Limited, an investment holding company, provides healthcare services to women and children in the People’s Republic of China. It offers pediatric, obstetric, and gynecolo ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/27 12:47
End of Day Share Price2020/10/27 00:00
Earnings2020/06/30
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.