SEHK:1090

Stock Analysis Report

Da Ming International Holdings

Executive Summary

Da Ming International Holdings Limited processes, distributes, and sells stainless steel and carbon steel products in the People’s Republic of China and internationally.


Snowflake Analysis

Solid track record and fair value.

Share Price & News

How has Da Ming International Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 1090's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

3.6%

1090

-3.3%

HK Metals and Mining

-0.4%

HK Market


1 Year Return

-53.7%

1090

-39.3%

HK Metals and Mining

-22.7%

HK Market

Return vs Industry: 1090 underperformed the Hong Kong Metals and Mining industry which returned -37.6% over the past year.

Return vs Market: 1090 underperformed the Hong Kong Market which returned -20.4% over the past year.


Shareholder returns

1090IndustryMarket
7 Day3.6%-3.3%-0.4%
30 Day-14.3%-23.9%-11.2%
90 Day-30.5%-33.1%-17.3%
1 Year-52.0%-53.7%-37.3%-39.3%-19.9%-22.7%
3 Year-67.0%-69.9%-35.2%-39.3%-4.8%-14.4%
5 Year-53.5%-57.8%-38.7%-44.9%-12.3%-26.3%

Price Volatility Vs. Market

How volatile is Da Ming International Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Da Ming International Holdings undervalued compared to its fair value and its price relative to the market?

7.2x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 1090 (HK$1.11) is trading above our estimate of fair value (HK$0.86)

Significantly Below Fair Value: 1090 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 1090 is good value based on its PE Ratio (7x) compared to the Metals and Mining industry average (9.2x).

PE vs Market: 1090 is good value based on its PE Ratio (7x) compared to the Hong Kong market (9.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 1090's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 1090 is good value based on its PB Ratio (0.5x) compared to the HK Metals and Mining industry average (0.6x).


Next Steps

Future Growth

How is Da Ming International Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

20.5%

Forecasted Materials 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 Da Ming International Holdings 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 Da Ming International Holdings performed over the past 5 years?

27.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1090 has high quality earnings.

Growing Profit Margin: 1090's current net profit margins (0.5%) are higher than last year (0.3%).


Past Earnings Growth Analysis

Earnings Trend: 1090's earnings have grown significantly by 27.9% per year over the past 5 years.

Accelerating Growth: 1090's earnings growth over the past year (62%) exceeds its 5-year average (27.9% per year).

Earnings vs Industry: 1090 earnings growth over the past year (62%) exceeded the Metals and Mining industry -17.1%.


Return on Equity

High ROE: 1090's Return on Equity (6.7%) is considered low.


Next Steps

Financial Health

How is Da Ming International Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 1090's short term assets (CN¥5.2B) do not cover its short term liabilities (CN¥6.9B).

Long Term Liabilities: 1090's short term assets (CN¥5.2B) exceed its long term liabilities (CN¥455.2M).


Debt to Equity History and Analysis

Debt Level: 1090's debt to equity ratio (171.6%) is considered high.

Reducing Debt: 1090's debt to equity ratio has increased from 93.9% to 171.6% over the past 5 years.

Debt Coverage: 1090's debt is not well covered by operating cash flow (2.3%).

Interest Coverage: 1090's interest payments on its debt are not well covered by EBIT (2.4x coverage).


Balance Sheet

Inventory Level: 1090 has a high level of physical assets or inventory.

Debt Coverage by Assets: 1090's debt is covered by short term assets (assets are 1x debt).


Next Steps

Dividend

What is Da Ming International Holdings's current dividend yield, its reliability and sustainability?

5.25%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 1090's dividend (5.41%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.56%).

High Dividend: 1090's dividend (5.41%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.14%).


Stability and Growth of Payments

Stable Dividend: 1090 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 1090's dividend payments have increased, but the company has only paid a dividend for 8 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (37%), 1090's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.5yrs

Average board tenure


CEO

Changhong Jiang (55yo)

2s

Tenure

CN¥1,220,000

Compensation

Mr. Changhong Jiang has been Executive Director of Da Ming International Holdings Limited since September 26, 2016 and serves as its Chief Executive Officer since April 18, 2018. Mr. Jiang served as Vice P ...


CEO Compensation Analysis

Compensation vs Market: Changhong's total compensation ($USD172.27K) is below average for companies of similar size in the Hong Kong market ($USD301.13K).

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


Board Members

NamePositionTenureCompensationOwnership
Zhou Keming
Co-Founder & Chairmanno dataCN¥1.23m0.0045% CN¥63.9k
Changhong Jiang
CEO & Executive Director2yrsCN¥1.22m0.031% CN¥437.8k
Xiao Ping Zou
Vice Chairman2yrsCN¥1.17m0.41% CN¥5.8m
Xia Xu
Co-Founder & Vice-Chairman2yrsCN¥1.17m0.0048% CN¥68.4k
Feng Zhang
Executive Director5.5yrsCN¥1.02m0.14% CN¥1.9m
Tsutomu Fukui
Executive Director5.5yrsCN¥1.40m0.11% CN¥1.6m
Jian Wang
Executive Director2.92yrsCN¥1.42m0.11% CN¥1.6m
Wa Pang Cheuk
Independent Non-Executive Director13.08yrsCN¥257.00kno data
Min Hua
Independent Non-Executive Director13.08yrsCN¥257.00kno data
Daming Lu
Independent Non-Executive Director5.67yrsCN¥257.00kno data

5.5yrs

Average Tenure

54.5yo

Average Age

Experienced Board: 1090's board of directors are considered experienced (5.5 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Da Ming International Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Da Ming International Holdings Limited
  • Ticker: 1090
  • Exchange: SEHK
  • Founded: 2007
  • Industry: Steel
  • Sector: Materials
  • Market Cap: HK$1.420b
  • Shares outstanding: 1.25b
  • Website: https://www.dmssc.net

Number of Employees


Location

  • Da Ming International Holdings Limited
  • No. 1518, Tong Jiang Road
  • Wuxi
  • Jiangsu Province
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1090SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDDec 2010
DM7DB (Deutsche Boerse AG)YesOrdinary SharesDEEURDec 2010

Biography

Da Ming International Holdings Limited processes, distributes, and sells stainless steel and carbon steel products in the People’s Republic of China and internationally. It offers high strength steel, wear-resistant steel, regular stainless steel, duel phase steel, heat-resistant steel, nickel based alloy, super austenitic-steel, and 6mo steel. The company is also involved in the purchase and sale of metal materials; and distribution and sale of fixed assets. It serves machineries, distributors, petrochemical, home hardware and appliances, automobile and transport, construction, renewable energy, and other industries. The company was incorporated in 2007 and is headquartered in Wuxi, the People’s Republic of China. Da Ming International Holdings Limited is a subsidiary of Ally Good Group Limited. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/02 13:47
End of Day Share Price2020/04/02 00:00
Earnings2019/12/31
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.