SEHK:815

Stock Analysis Report

Executive Summary

China Silver Group Limited, an investment holding company, manufactures and sells silver and other non-ferrous metals in the People’s Republic of China (PRC).

Snowflake

Fundamentals

Excellent balance sheet with questionable track record.

Risks

  • China Silver Group has significant price volatility in the past 3 months.
  • China Silver Group is not covered by any analysts.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

21.6%

SEHK:815

-2.9%

HK Metals and Mining

-0.6%

HK Market


1 Year Return

9.3%

SEHK:815

-17.7%

HK Metals and Mining

-9.8%

HK Market

815 outperformed the Metals and Mining industry which returned -17.7% over the past year.

815 outperformed the Market in Hong Kong which returned -9.8% over the past year.


Share holder returns

815IndustryMarket
7 Day21.6%-2.9%-0.6%
30 Day51.3%-8.6%-8.8%
90 Day100.0%-8.9%-8.4%
1 Year9.3%9.3%-14.8%-17.7%-6.5%-9.8%
3 Year-34.7%-37.9%-2.2%-9.1%12.8%1.6%
5 Year-43.7%-48.2%-9.2%-19.2%7.2%-10.6%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

11.55x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for China Silver Group to establish if it is available at moderate discount.

Unable to calculate intrinsic value for China Silver Group to establish if it is available at substantial discount.


Price Based on Earnings

China Silver Group is overvalued based on earnings compared to the HK Metals and Mining industry average.

China Silver Group is overvalued based on earnings compared to the Hong Kong market.


Price Based on Expected Growth

Unable to calculate PEG ratio for China Silver Group, we can't assess if its growth is good value.


Price Based on Value of Assets

China Silver Group is good value based on assets compared to the HK Metals and Mining industry average.


Next Steps

Future Growth

How is China Silver Group expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

13.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if China Silver Group is high growth as no revenue estimate data is available.

China Silver Group's earnings are expected to grow by 13% yearly, however this is not considered high growth (20% yearly).

Unable to compare China Silver Group's revenue growth to the Hong Kong market average as no estimate data is available.

China Silver Group's earnings growth is expected to exceed the Hong Kong market average.

China Silver Group's earnings growth is expected to exceed the low risk savings rate of 2%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if China Silver Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has China Silver Group performed over the past 5 years?

10.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

China Silver Group's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.

China Silver Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.

China Silver Group's 1-year earnings growth is negative, it can't be compared to the HK Metals and Mining industry average.


Return on Equity

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


Return on Assets

China Silver Group used its assets less efficiently than the HK Metals and Mining industry average last year based on Return on Assets.


Return on Capital Employed

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


Next Steps

Financial Health

How is China Silver Group's financial position?


Financial Position Analysis

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

China Silver Group's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

China Silver Group's level of debt (2.4%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (24.2% vs 2.4% today).

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

China Silver Group earns more interest than it pays, coverage of interest payments is not a concern.


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 40.9x debt.


Next Steps

Dividend

What is China Silver Group's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate China Silver Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate China Silver Group's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as China Silver Group has not reported any payouts.

Unable to verify if China Silver Group's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as China Silver Group has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

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

0.6yrs

Average management tenure


CEO

Wantian Chen (45yo)

0.6yrs

Tenure

CN¥941,000

Compensation

Mr. Wantian Chen serves as Chairman of the Board for China Silver Group Limited and has been its Executive Director since July 19, 2012 also its Chief Executive Officer since January 1, 2019. Mr. Chen serv ...


CEO Compensation Analysis

Wantian's remuneration is lower than average for companies of similar size in Hong Kong.

Wantian's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

0.6yrs

Average Tenure

45yo

Average Age

The average tenure for the China Silver Group management team is less than 2 years, this suggests a new team.


Board Age and Tenure

6.7yrs

Average Tenure

48yo

Average Age

The tenure for the China Silver Group board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

BuyHK$1,025,60108 Mar 19
FIL Limited
EntityCompany
Shares1,282,000
Max PriceHK$0.80
BuyHK$1,160,25327 Sep 18
FIL Limited
EntityCompany
Shares1,076,000
Max PriceHK$1.08

Ownership Breakdown


Management Team

  • Jiandong Liu (47yo)

    Executive Director

    • Tenure: 0.6yrs
  • Wantian Chen (45yo)

    Chairman & CEO

    • Tenure: 0.6yrs
    • Compensation: CN¥941.00k
  • Guosheng Song (56yo)

    VP & Executive Director

    • Compensation: CN¥806.00k
  • Jiang Pengzhan (40yo)

    Chief Financial Officer of Longtianyong Nonferrous Metals

  • Ho Yin Yan (30yo)

    CFO & Company Secretary

    • Tenure: 0.5yrs

Board Members

  • Jiandong Liu (47yo)

    Executive Director

    • Tenure: 0.6yrs
  • Wantian Chen (45yo)

    Chairman & CEO

    • Compensation: CN¥941.00k
  • Guosheng Song (56yo)

    VP & Executive Director

    • Tenure: 7.0yrs
    • Compensation: CN¥806.00k
  • Haitao Li (49yo)

    Independent Non-Executive Director

    • Tenure: 6.7yrs
    • Compensation: CN¥169.00k
  • Yilong Zeng (47yo)

    Independent Non-Executive Director

    • Tenure: 6.7yrs
    • Compensation: CN¥169.00k
  • Hongbing Song (51yo)

    Independent Non-Executive Director

    • Tenure: 3.7yrs
    • Compensation: CN¥169.00k

Company Information

China Silver Group Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: China Silver Group Limited
  • Ticker: 815
  • Exchange: SEHK
  • Founded: 2002
  • Industry: silver
  • Sector: materials
  • Market Cap: HK$1.917b
  • Shares outstanding: 1.62b
  • Website: Click here

Number of Employees


Location

  • China Silver Group Limited
  • Baolin International Gold Trade Center
  • 2nd Building, Room 5A & 6th Floor
  • Shenzhen
  • Guangdong Province
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
815SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDDec 2012
2CSDB (Deutsche Boerse AG)YesOrdinary SharesDEEURDec 2012

Biography

China Silver Group Limited, an investment holding company, manufactures and sells silver and other non-ferrous metals in the People’s Republic of China (PRC). It offers silver ingots; and other metal by-pr ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/18 12:59
End of Day Share Price2019/08/16 00:00
Earnings2018/12/31
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.