Pine Care Group
Market Cap
HK$1.5b
Last Updated
2020/02/17 13:01 UTC
Data Sources
Company Financials
Executive Summary
Pine Care Group Limited, together with its subsidiaries, engages in the provision of elderly home care services in Hong Kong.
Snowflake Analysis
Imperfect balance sheet with poor track record.
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's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
4.4%
1989
-1.4%
HK Healthcare
1.7%
HK Market
1 Year Return
117.1%
1989
-24.6%
HK Healthcare
-2.9%
HK Market
Return vs Industry: 1989 exceeded the Hong Kong Healthcare industry which returned -24.6% over the past year.
Return vs Market: 1989 exceeded the Hong Kong Market which returned -2.9% over the past year.
Shareholder returns
| 1989 | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.4% | -1.4% | 1.7% |
| 30 Day | 18.7% | -8.8% | -4.8% |
| 90 Day | 166.1% | -6.2% | 3.4% |
| 1 Year | 122.7%117.1% | -22.9%-24.6% | 0.7%-2.9% |
| 3 Year | 98.8%83.3% | -30.4%-34.6% | 15.3%3.6% |
| 5 Year | n/a | -24.0%-30.3% | 15.9%-3.5% |
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
3 weeks ago | Simply Wall St
How Does Pine Care Group's (HKG:1989) P/E Compare To Its Industry, After The Share Price Drop?3 weeks ago | Simply Wall St
Why Pine Care Group Limited’s (HKG:1989) Return On Capital Employed Might Be A Concern1 month ago | Simply Wall St
These 4 Measures Indicate That Pine Care Group (HKG:1989) Is Using Debt ExtensivelyValuation
Is Pine Care Group undervalued compared to its fair value and its price relative to the market?
109.42x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 1989 (HK$1.65) is trading above our estimate of fair value (HK$0.21)
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 (109.4x) compared to the Healthcare industry average (16.7x).
PE vs Market: 1989 is poor value based on its PE Ratio (109.4x) compared to the Hong Kong market (10.1x).
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 (7.4x) 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?
19.1%
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
- Take a look at our analysis of 1989’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- Pine Care Group competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Healthcare industry.
Past Performance
How has Pine Care Group performed over the past 5 years?
-28.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 1989 has high quality earnings.
Growing Profit Margin: 1989's current net profit margins (6.8%) are lower than last year (8%).
Past Earnings Growth Analysis
Earnings Trend: 1989's earnings have declined by -28.9% per year over the past 5 years.
Accelerating Growth: 1989's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 1989 had negative earnings growth (-4.2%) over the past year, making it difficult to compare to the Healthcare industry average (10.4%).
Return on Equity
High ROE: 1989's Return on Equity (6.6%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Pine Care Group's financial position?
Financial Position Analysis
Short Term Liabilities: 1989's short term assets (HK$44.2M) do not cover its short term liabilities (HK$76.5M).
Long Term Liabilities: 1989's short term assets (HK$44.2M) do not cover its long term liabilities (HK$665.1M).
Debt to Equity History and Analysis
Debt Level: 1989's debt to equity ratio (286.4%) is considered high.
Reducing Debt: 1989's debt to equity ratio has reduced from 353.8% to 286.4% over the past 5 years.
Debt Coverage: 1989's debt is not well covered by operating cash flow (4.2%).
Interest Coverage: 1989's interest payments on its debt are well covered by EBIT (5.2x coverage).
Balance Sheet
Inventory Level: 1989 has a high level of physical assets or inventory.
Debt Coverage by Assets: 1989's debt is not covered by short term assets (assets are 0.1x debt).
Next Steps
Dividend
What is Pine Care Group's current dividend yield, its reliability and sustainability?
0.95%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: 1989's dividend (0.95%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.27%).
High Dividend: 1989's dividend (0.95%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.34%).
Stability and Growth of Payments
Stable Dividend: 1989 is not paying a notable dividend for the Hong Kong market, therefore no need to check if payments are stable.
Growing Dividend: 1989 is not paying a notable dividend for the Hong Kong market, therefore no need to check if payments are 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?
3.8yrs
Average board tenure
CEO
Billy Yim (41yo)
HK$212,000
Compensation
Mr. Yim Pui Kei, also known as Billy, serves as Chief Executive Officer of Pine Care Group Limited and has been its Executive Director since May 04, 2009. Mr. Yim joined Pine Care Group in May 2009 and is ...
CEO Compensation Analysis
Compensation vs Market: Billy's total compensation ($USD27.30K) is below average for companies of similar size in the Hong Kong market ($USD284.67K).
Compensation vs Earnings: Billy's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder & Chairman | 3.4yrs | HK$48.00k | 0.51% HK$7.5m | |
| CEO & Executive Director | 0yrs | HK$212.00k | 0.035% HK$524.8k | |
| CFO, Company Secretary & Executive Director | 3.8yrs | HK$738.00k | 0.21% HK$3.1m | |
| Group Head of Operations & Executive Director | 4.5yrs | HK$50.00k | no data | |
| Independent Non-Executive Director | 3.1yrs | HK$80.00k | no data | |
| Co-Founder & Non-Executive Director | 4.5yrs | HK$240.00k | no data | |
| Non-Executive Director | 4.5yrs | HK$50.00k | no data | |
| Independent Non-Executive Director | 3.1yrs | HK$80.00k | no data | |
| Independent Non-Executive Director | 3.1yrs | HK$80.00k | no data |
3.8yrs
Average Tenure
57yo
Average Age
Experienced Board: 1989'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: 1989 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
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$1.481b
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 1989 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Feb 2017 |
Biography
Pine Care Group Limited, together with its subsidiaries, engages in the provision of elderly home care services in Hong Kong. The company offers residence, professional nursing and care taking, nutritional management, medical, and psychological and social care services, as well as individual care plans. It also provides repair and maintenance, property investment, and management services. The company was founded in 1989 and is based in Tsz Wan Shan, Hong Kong.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/17 13:01 |
| End of Day Share Price | 2020/02/17 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2019/03/31 |
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.