SEHK:2009

Stock Analysis Report

Executive Summary

BBMG Corporation provides cement and building materials in the People’s Republic of China and internationally.

Snowflake

Fundamentals

Mediocre balance sheet with acceptable track record.


Similar Companies

Share Price & News

How has BBMG's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

1.3%

SEHK:2009

-0.3%

HK Basic Materials

0.7%

HK Market


1 Year Return

-11.0%

SEHK:2009

1.0%

HK Basic Materials

-5.3%

HK Market

2009 underperformed the Basic Materials industry which returned 7.9% over the past year.

2009 underperformed the Market in Hong Kong which returned -3.3% over the past year.


Share holder returns

2009IndustryMarket
7 Day1.3%-0.3%0.7%
30 Day11.9%9.4%4.9%
90 Day-4.5%0.6%-3.7%
1 Year-8.6%-11.0%5.5%1.0%-1.8%-5.3%
3 Year-18.1%-22.7%108.2%91.4%16.4%4.6%
5 Year-7.4%-13.6%63.4%44.1%18.0%-1.7%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is BBMG undervalued based on future cash flows and its price relative to the stock market?

5.83x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

BBMG's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

BBMG's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

BBMG is overvalued based on earnings compared to the HK Basic Materials industry average.

BBMG is good value based on earnings compared to the Hong Kong market.


Price Based on Expected Growth

BBMG earnings are not expected to grow next year, we can't assess if its growth is good value.


Price Based on Value of Assets

BBMG is good value based on assets compared to the HK Basic Materials industry average.


Next Steps

Future Growth

How is BBMG expected to perform in the next 1 to 3 years based on estimates from 10 analysts?

-1.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

BBMG's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.

BBMG's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.

BBMG's revenues are expected to decrease over the next 1-3 years, this is below the Hong Kong market average.

BBMG's earnings are expected to decrease over the next 1-3 years, this is below the Hong Kong market average.

BBMG's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2%.


Earnings per Share Growth Estimates


Future Return on Equity

BBMG is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has BBMG performed over the past 5 years?

7.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

BBMG's year on year earnings growth rate has been positive over the past 5 years.

BBMG's 1-year earnings growth exceeds its 5-year average (14.6% vs 7.6%)

BBMG's earnings growth has not exceeded the HK Basic Materials industry average in the past year (14.6% vs 45.5%).


Return on Equity

BBMG has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

BBMG used its assets less efficiently than the HK Basic Materials industry average last year based on Return on Assets.


Return on Capital Employed

BBMG has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is BBMG's financial position?


Financial Position Analysis

BBMG is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

BBMG's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

BBMG's level of debt (137%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (103.6% vs 137% today).

Operating cash flow is negative therefore debt is not well covered.

Interest payments on debt are well covered by earnings (EBIT is 4.7x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 1.6x debt.


Next Steps

Dividend

What is BBMG's current dividend yield, its reliability and sustainability?

3.67%

Expected Dividend Yield


Dividend Yield and Payments Analysis

BBMG's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.19%).

BBMG's dividend is below the markets top 25% of dividend payers in Hong Kong (6.08%).

BBMG has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).

Dividend payments have increased, but BBMG only paid a dividend in the past 9 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (6.6x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (5.8x coverage).


Next Steps

Management

What is the CEO of BBMG's salary, the management and board of directors tenure and is there insider trading?

3.7yrs

Average management tenure


CEO

BBMG has no CEO, or we have no data on them.


Management Age and Tenure

3.7yrs

Average Tenure

52yo

Average Age

The tenure for the BBMG management team is about average.


Board Age and Tenure

3.8yrs

Average Tenure

55.5yo

Average Age

The tenure for the BBMG board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

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BuyCN¥53,420,68312 Nov 18
Jieliang Ouyang
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SellCN¥143,793,00326 Sep 18
BlackRock, Inc.
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Ownership Breakdown


Management Team

  • Deyi Jiang (55yo)

    Executive Chairman

    • Tenure: 4.2yrs
    • Compensation: CN¥854.36k
  • Lawrence Lau (48yo)

    Company Secretary

    • Tenure: 6.9yrs
  • Dengfeng Zhang (48yo)

    General Counsel

    • Tenure: 2.3yrs
    • Compensation: CN¥474.72k
  • Baojin Zheng (53yo)

    Board Secretary & Executive Director

    • Tenure: 2.1yrs
    • Compensation: CN¥572.76k
  • Dong Wu (51yo)

    Executive Director

    • Tenure: 3.8yrs
    • Compensation: CN¥756.65k
  • Guoliang Zhang (56yo)

    Head of the Discipline Inspection & Supervision Office and Supervisor

    • Tenure: 2.3yrs

Board Members

  • Maurice Ngai (57yo)

    Independent Non-Executive Director

    • Tenure: 3.8yrs
    • Compensation: CN¥150.00k
  • Deyi Jiang (55yo)

    Executive Chairman

    • Tenure: 4.2yrs
    • Compensation: CN¥854.36k
  • Yanming Guo (57yo)

    Non-Executive Director

    • Tenure: 2.3yrs
    • Compensation: CN¥725.38k
  • Guangjin Wang (59yo)

    Independent Non-Executive Director

    • Tenure: 5.3yrs
    • Compensation: CN¥150.00k
  • Baojin Zheng (53yo)

    Board Secretary & Executive Director

    • Tenure: 2.1yrs
    • Compensation: CN¥572.76k
  • Lihui Tian (46yo)

    Independent Non-Executive Director

    • Tenure: 3.8yrs
    • Compensation: CN¥150.00k
  • Jun Tang (41yo)

    Independent Non-Executive Director

    • Tenure: 3.8yrs
    • Compensation: CN¥150.00k
  • Dong Wu (51yo)

    Executive Director

    • Tenure: 3.8yrs
    • Compensation: CN¥756.65k
  • Guoliang Zhang (56yo)

    Head of the Discipline Inspection & Supervision Office and Supervisor

    • Tenure: 2.3yrs
  • Ying Pei (59yo)

    Chairman of the Supervisory Board

    • Tenure: 0yrs

Company Information

BBMG Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: BBMG Corporation
  • Ticker: 2009
  • Exchange: SEHK
  • Founded: 2005
  • Industry: Construction Materials
  • Sector: Materials
  • Market Cap: HK$38.500b
  • Shares outstanding: 10.68b
  • Website: https://www.bbmg.com.cn

Number of Employees


Location

  • BBMG Corporation
  • Global Trade Center No. 36
  • Tower D
  • Beijing
  • 100013
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
2009SEHK (The Stock Exchange of Hong Kong Ltd.)YesForeign Shares-Foreign ListedHKHKDJul 2009
BMBG.FOTCPK (Pink Sheets LLC)YesForeign Shares-Foreign ListedUSUSDJul 2009
9BMDB (Deutsche Boerse AG)YesForeign Shares-Foreign ListedDEEURJul 2009
2009SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesForeign Shares-Foreign ListedHKHKDJul 2009
2009SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesForeign Shares-Foreign ListedHKHKDJul 2009
601992SHSE (Shanghai Stock Exchange)Domestic SharesCNCNYMar 2011
601992XSSC (Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect)Domestic SharesCNCNYMar 2011

Biography

BBMG Corporation provides cement and building materials in the People’s Republic of China and internationally. The company’s Cement and Ready-Mixed Concrete segment manufactures and sells cement and concre ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/17 12:47
End of Day Share Price2019/09/17 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.