SEHK:1989

Stock Analysis Report

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Executive Summary

Pine Care Group Limited, together with its subsidiaries, engages in the provision of elderly home care services. More Details


Snowflake Analysis

Proven track record with imperfect balance sheet.


Similar Companies

Share Price & News

How has Pine Care Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 1989 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: Insufficient data to determine 1989's volatility change over the past year.


Market Performance


7 Day Return

4.2%

1989

-0.9%

HK Healthcare

1.5%

HK Market


1 Year Return

141.9%

1989

-10.1%

HK Healthcare

11.3%

HK Market

Return vs Industry: 1989 exceeded the Hong Kong Healthcare industry which returned -10.1% over the past year.

Return vs Market: 1989 exceeded the Hong Kong Market which returned 11.3% over the past year.


Shareholder returns

1989IndustryMarket
7 Day4.2%-0.9%1.5%
30 Day0%11.6%8.1%
90 Dayn/a9.6%6.0%
1 Year146.2%141.9%-7.8%-10.1%15.9%11.3%
3 Year103.3%89.9%-35.5%-39.9%1.7%-8.9%
5 Yearn/a-37.3%-43.7%33.3%10.8%

Long-Term Price Volatility Vs. Market

How volatile is Pine Care Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Pine Care Group undervalued compared to its fair value and its price relative to the market?

77.57x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 1989 (HK$1.5) is trading above our estimate of fair value (HK$0.87)

Significantly Below Fair Value: 1989 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 1989 is poor value based on its PE Ratio (77.6x) compared to the HK Healthcare industry average (20.2x).

PE vs Market: 1989 is poor value based on its PE Ratio (77.6x) compared to the Hong Kong market (11.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 1989's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 1989 is overvalued based on its PB Ratio (6.5x) compared to the HK Healthcare industry average (1.4x).


Next Steps

Future Growth

How is Pine Care Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

25.3%

Forecasted Healthcare 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 Pine Care 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

Past Performance

How has Pine Care Group performed over the past 5 years?

-3.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1989 has high quality earnings.

Growing Profit Margin: 1989's current net profit margins (7.5%) are higher than last year (6.8%).


Past Earnings Growth Analysis

Earnings Trend: 1989's earnings have declined by 3.5% per year over the past 5 years.

Accelerating Growth: 1989's earnings growth over the past year (28.2%) exceeds its 5-year average (-3.5% per year).

Earnings vs Industry: 1989 earnings growth over the past year (28.2%) exceeded the Healthcare industry -9.1%.


Return on Equity

High ROE: 1989's Return on Equity (7.9%) is considered low.


Next Steps

Financial Health

How is Pine Care Group's financial position?


Financial Position Analysis

Short Term Liabilities: 1989's short term assets (HK$76.4M) do not cover its short term liabilities (HK$433.0M).

Long Term Liabilities: 1989's short term assets (HK$76.4M) do not cover its long term liabilities (HK$296.1M).


Debt to Equity History and Analysis

Debt Level: 1989's debt to equity ratio (288.1%) is considered high.

Reducing Debt: 1989's debt to equity ratio has reduced from 289.9% to 288.1% over the past 5 years.

Debt Coverage: 1989's debt is not well covered by operating cash flow (8.3%).

Interest Coverage: 1989's interest payments on its debt are well covered by EBIT (3.3x coverage).


Balance Sheet


Next Steps

Dividend

What is Pine Care Group current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 1989's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 1989'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 1989's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 1989's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 1989 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 1989'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?

0.7yrs

Average management tenure


CEO

Yip Keung Chan (36 yo)

0.083

Tenure

HK$738,000

Compensation

Mr. Yip Keung Chan has been Chief Financial Officer and Executive Director at Pine Care Group Limited since April 16, 2015 and also serves as its Company Secretary. Mr. Chan has been Chief Executive Office...


CEO Compensation Analysis

Compensation vs Market: Yip Keung's total compensation ($USD95.22K) is below average for companies of similar size in the Hong Kong market ($USD292.49K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Yiu Sing Tang
Executive Chairman0.67yrno data33.35%
HK$ 451.7m
Yip Keung Chan
CEO, CFO0.083yrHK$738.00k0.21%
HK$ 2.8m
Pui Hin Yim
Group Head of Operationsno dataHK$50.00kno data
Ka Wing Yeung
Executive Director0.67yrno datano data
Wai Ching Cheng
Executive Director0.67yrno datano data
Maggie Woo
Chief Accountantno datano datano data
Wing Cho
Head of Administration Affairsno dataHK$36.00kno data
Lai King Chu
Group Head of Human Resourcesno dataHK$50.00kno data

0.7yrs

Average Tenure

48yo

Average Age

Experienced Management: 1989's management team is not considered experienced ( 0.7 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Yiu Sing Tang
Executive Chairman0.67yrno data33.35%
HK$ 451.7m
Yip Keung Chan
CEO, CFO0.083yrHK$738.00k0.21%
HK$ 2.8m
Ka Wing Yeung
Executive Director0.67yrno datano data
Wai Ching Cheng
Executive Director0.67yrno datano data
Tak Tim Yuen
Independent Non-Executive Director0.67yrno datano data
Cheung Wai Lam
Independent Non-Executive Director0.083yrno datano data
Kam Pui Wong
Independent Non Executive Director0.083yrno datano data
Yiu Pong Tang
Non-Executive Director0.67yrno datano data
Kit Loong Wong
Independent Non-Executive Director0.083yrno datano data

0.7yrs

Average Tenure

52.5yo

Average Age

Experienced Board: 1989's board of directors are not considered experienced ( 0.7 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: 1989 insiders have sold more shares than they have bought 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

Pine Care Group Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Pine Care Group Limited
  • Ticker: 1989
  • Exchange: SEHK
  • Founded: 1989
  • Industry: Health Care Facilities
  • Sector: Healthcare
  • Market Cap: HK$1.354b
  • Shares outstanding: 902.88m
  • Website: https://www.pinecaregroup.com

Number of Employees


Location

  • Pine Care Group Limited
  • 68-72 Yuk Wah Street
  • Ground Floor
  • Tsz Wan Shan
  • Kowloon
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1989SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDFeb 2017

Biography

Pine Care Group Limited, together with its subsidiaries, engages in the provision of elderly home care services. It offers residence, professional nursing and care taking, nutritional management, medical, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/29 10:22
End of Day Share Price2020/11/27 00:00
Earnings2020/09/30
Annual Earnings2020/03/31


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.