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GDH Guangnan (Holdings) SEHK:1203 Stock Report

Last Price


Market Cap







12 Aug, 2022


Company Financials
1203 fundamental analysis
Snowflake Score
Future Growth0/6
Past Performance1/6
Financial Health5/6

1203 Stock Overview

GDH Guangnan (Holdings) Limited, an investment holding company, manufactures and sells tinplates and related products primarily in Hong Kong and Mainland China.

GDH Guangnan (Holdings) Competitors

Price History & Performance

Summary of all time highs, changes and price drops for GDH Guangnan (Holdings)
Historical stock prices
Current Share PriceHK$0.60
52 Week HighHK$0.78
52 Week LowHK$0.59
1 Month Change-6.25%
3 Month Change-4.76%
1 Year Change-13.04%
3 Year Change-26.83%
5 Year Change-44.44%
Change since IPO-99.45%

Recent News & Updates

Apr 28
GDH Guangnan (Holdings)'s (HKG:1203) Dividend Will Be HK$0.015

GDH Guangnan (Holdings)'s (HKG:1203) Dividend Will Be HK$0.015

GDH Guangnan (Holdings) Limited ( HKG:1203 ) will pay a dividend of HK$0.015 on the 15th of July. This payment means...

Apr 01
GDH Guangnan (Holdings)'s (HKG:1203) Dividend Will Be HK$0.015

GDH Guangnan (Holdings)'s (HKG:1203) Dividend Will Be HK$0.015

GDH Guangnan (Holdings) Limited ( HKG:1203 ) will pay a dividend of HK$0.015 on the 15th of July. This payment means...

Shareholder Returns

1203HK Metals and MiningHK Market

Return vs Industry: 1203 exceeded the Hong Kong Metals and Mining industry which returned -33.6% over the past year.

Return vs Market: 1203 exceeded the Hong Kong Market which returned -22% over the past year.

Price Volatility

Is 1203's price volatile compared to industry and market?
1203 volatility
1203 Average Weekly Movement2.9%
Metals and Mining Industry Average Movement6.1%
Market Average Movement6.5%
10% most volatile stocks in HK Market12.6%
10% least volatile stocks in HK Market3.2%

Stable Share Price: 1203 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 1203's weekly volatility (3%) has been stable over the past year.

About the Company

19821,119Zhe Yang

GDH Guangnan (Holdings) Limited, an investment holding company, manufactures and sells tinplates and related products primarily in Hong Kong and Mainland China. It operates through three divisions: Tinplating, Fresh and Live Foodstuffs, and Property Leasing. The company provides tinplates and tin-free steel; and processed products, such as coated/printed tinplate/tin-free steel, as well as cold-rolled steel plates.

GDH Guangnan (Holdings) Fundamentals Summary

How do GDH Guangnan (Holdings)'s earnings and revenue compare to its market cap?
1203 fundamental statistics
Market CapHK$544.56m
Earnings (TTM)HK$54.06m
Revenue (TTM)HK$4.86b


P/E Ratio


P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
1203 income statement (TTM)
Cost of RevenueHK$4.39b
Gross ProfitHK$463.45m
Other ExpensesHK$409.39m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date


Earnings per share (EPS)0.06
Gross Margin9.54%
Net Profit Margin1.11%
Debt/Equity Ratio12.3%

How did 1203 perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio
We’ve recently updated our valuation analysis.


Is 1203 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score


Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1203?

Other financial metrics that can be useful for relative valuation.

1203 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.04x
Enterprise Value/EBITDA0.9x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 1203's PE Ratio compare to its peers?

1203 PE Ratio vs Peers
The above table shows the PE ratio for 1203 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average4.8x
1118 Golik Holdings
1553 Maike Tube Industry Holdings
103 Shougang Century Holdings
1266 Xiwang Special Steel
1203 GDH Guangnan (Holdings)

Price-To-Earnings vs Peers: 1203 is expensive based on its Price-To-Earnings Ratio (10.1x) compared to the peer average (4.8x).

Price to Earnings Ratio vs Industry

How does 1203's PE Ratio compare vs other companies in the HK Metals and Mining Industry?

Price-To-Earnings vs Industry: 1203 is expensive based on its Price-To-Earnings Ratio (10.1x) compared to the Hong Kong Metals and Mining industry average (5.5x)

Price to Earnings Ratio vs Fair Ratio

What is 1203's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

1203 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.1x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 1203's Price-To-Earnings Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of 1203 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 1203 (HK$0.6) is trading below our estimate of fair value (HK$3.43)

Significantly Below Fair Value: 1203 is trading below fair value by more than 20%.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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Future Growth

How is GDH Guangnan (Holdings) forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score


Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


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 GDH Guangnan (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.

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  • Examine GDH Guangnan (Holdings)'s financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  • GDH Guangnan (Holdings) competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has GDH Guangnan (Holdings) performed over the past 5 years?

Past Performance Score


Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 1203 has high quality earnings.

Growing Profit Margin: 1203's current net profit margins (1.1%) are lower than last year (2.8%).

Past Earnings Growth Analysis

Earnings Trend: 1203's earnings have declined by 12.5% per year over the past 5 years.

Accelerating Growth: 1203's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 1203 had negative earnings growth (-22.7%) over the past year, making it difficult to compare to the Metals and Mining industry average (45%).

Return on Equity

High ROE: 1203's Return on Equity (2.5%) is considered low.

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Financial Health

How is GDH Guangnan (Holdings)'s financial position?

Financial Health Score


Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 1203's short term assets (HK$2.4B) exceed its short term liabilities (HK$1.2B).

Long Term Liabilities: 1203's short term assets (HK$2.4B) exceed its long term liabilities (HK$130.1M).

Debt to Equity History and Analysis

Debt Level: 1203 has more cash than its total debt.

Reducing Debt: 1203's debt to equity ratio has increased from 1.7% to 12.3% over the past 5 years.

Debt Coverage: 1203's debt is well covered by operating cash flow (113%).

Interest Coverage: 1203 earns more interest than it pays, so coverage of interest payments is not a concern.

Balance Sheet

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What is GDH Guangnan (Holdings) current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 1203's dividend (4.17%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.87%).

High Dividend: 1203's dividend (4.17%) is low compared to the top 25% of dividend payers in the Hong Kong market (8.25%).

Stability and Growth of Payments

Stable Dividend: 1203's dividend payments have been volatile in the past 10 years.

Growing Dividend: 1203's dividend payments have fallen over the past 10 years.

Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (42%), 1203's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: 1203 is paying a dividend but the company has no free cash flows.

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


Average management tenure


Zhe Yang (38 yo)



Mr. Zhe Yang is Executive Director and Genera Manager of GDH Guangnan (Holdings) Limited from July 01, 2022. Mr. Yang served as a senior expert and deputy general manager of the strategic development depar...

Leadership Team

Experienced Management: 1203's management team is considered experienced (2.7 years average tenure).

Board Members

Experienced Board: 1203's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.


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

GDH Guangnan (Holdings) Limited's employee growth, exchange listings and data sources

Key Information

  • Name: GDH Guangnan (Holdings) Limited
  • Ticker: 1203
  • Exchange: SEHK
  • Founded: 1982
  • Industry: Steel
  • Sector: Materials
  • Implied Market Cap: HK$544.556m
  • Shares outstanding: 907.59m
  • Website:

Number of Employees


  • GDH Guangnan (Holdings) Limited
  • Shui On Centre
  • Units 2905-08
  • Wan Chai
  • Hong Kong


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/12 00:00
End of Day Share Price2022/08/12 00:00
Annual Earnings2021/12/31

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.