Loading...

CNQC International Holdings

SEHK:1240
Snowflake Description

Mediocre balance sheet second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1240
SEHK
HK$2B
Market Cap
  1. Home
  2. HK
  3. Real Estate
Company description

CNQC International Holdings Limited, an investment holding company, operates as a property developer and contractor in Singapore. The last earnings update was 41 days ago. More info.


Add to Portfolio Compare Print
  • CNQC International Holdings has significant price volatility in the past 3 months.
1240 Share Price and Events
7 Day Returns
-8%
SEHK:1240
-2.4%
HK Real Estate
-2.4%
HK Market
1 Year Returns
-45.7%
SEHK:1240
-10.8%
HK Real Estate
-16.5%
HK Market
1240 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
CNQC International Holdings (1240) -8% -15.9% -19.8% -45.7% -52.7% -
HK Real Estate -2.4% -7.4% -3.1% -10.8% 49.3% 44.3%
HK Market -2.4% -9% -8.1% -16.5% 19.3% 4.9%
1 Year Return vs Industry and Market
  • 1240 underperformed the Real Estate industry which returned -10.8% over the past year.
  • 1240 underperformed the Market in Hong Kong which returned -16.5% over the past year.
Price Volatility
1240
Industry
5yr Volatility vs Market

Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of CNQC International Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for CNQC International Holdings.

SEHK:1240 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 14.6%
Perpetual Growth Rate 10-Year HK Government Bond Rate 2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SEHK:1240
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6.7%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 0.99
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.988 (1 + (1- 25%) (180.5%))
1.887
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.89
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.887 * 6.65%)
14.55%

Discounted Cash Flow Calculation for SEHK:1240 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for CNQC International Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

SEHK:1240 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 14.55%)
2019 21.16 Est @ -28.89% 18.47
2020 17.01 Est @ -19.62% 12.96
2021 14.78 Est @ -13.13% 9.83
2022 13.51 Est @ -8.59% 7.84
2023 12.78 Est @ -5.41% 6.48
2024 12.37 Est @ -3.19% 5.47
2025 12.17 Est @ -1.63% 4.70
2026 12.10 Est @ -0.54% 4.08
2027 12.13 Est @ 0.22% 3.57
2028 12.22 Est @ 0.76% 3.14
Present value of next 10 years cash flows HK$76.55
SEHK:1240 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= HK$12.22 × (1 + 2%) ÷ (14.55% – 2%)
HK$99.31
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$99.31 ÷ (1 + 14.55%)10
HK$25.52
SEHK:1240 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$76.55 + HK$25.52
HK$102.07
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$102.07 / 1,643.20
HK$0.06
SEHK:1240 Discount to Share Price
Calculation Result
Value per share (HKD) From above. HK$0.06
Current discount Discount to share price of HK$1.38
= -1 x (HK$1.38 - HK$0.06) / HK$0.06
-2121.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of CNQC International Holdings is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for CNQC International Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are CNQC International Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:1240 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in HKD HK$0.13
SEHK:1240 Share Price ** SEHK (2019-05-24) in HKD HK$1.38
Hong Kong Real Estate Industry PE Ratio Median Figure of 186 Publicly-Listed Real Estate Companies 6.08x
Hong Kong Market PE Ratio Median Figure of 1,478 Publicly-Listed Companies 10.99x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of CNQC International Holdings.

SEHK:1240 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1240 Share Price ÷ EPS (both in HKD)

= 1.38 ÷ 0.13

10.23x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • CNQC International Holdings is overvalued based on earnings compared to the HK Real Estate industry average.
  • CNQC International Holdings is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does CNQC International Holdings's expected growth come at a high price?
Raw Data
SEHK:1240 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.23x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
3.8%per year
Hong Kong Real Estate Industry PEG Ratio Median Figure of 58 Publicly-Listed Real Estate Companies 0.26x
Hong Kong Market PEG Ratio Median Figure of 462 Publicly-Listed Companies 0.77x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for CNQC International Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on CNQC International Holdings's assets?
Raw Data
SEHK:1240 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in HKD HK$1.95
SEHK:1240 Share Price * SEHK (2019-05-24) in HKD HK$1.38
Hong Kong Real Estate Industry PB Ratio Median Figure of 229 Publicly-Listed Real Estate Companies 0.56x
Hong Kong Market PB Ratio Median Figure of 2,157 Publicly-Listed Companies 0.94x
SEHK:1240 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1240 Share Price ÷ Book Value per Share (both in HKD)

= 1.38 ÷ 1.95

0.71x

* Primary Listing of CNQC International Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • CNQC International Holdings is overvalued based on assets compared to the HK Real Estate industry average.
X
Value checks
We assess CNQC International Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check)
  5. CNQC International Holdings has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is CNQC International Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover CNQC International Holdings, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
3.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is CNQC International Holdings expected to grow at an attractive rate?
  • CNQC International Holdings's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • CNQC International Holdings's earnings growth is positive but not above the Hong Kong market average.
  • Unable to compare CNQC International Holdings's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:1240 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:1240 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 3.8%
Hong Kong Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 4.2%
Hong Kong Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 16%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.3%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SEHK:1240 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:1240 Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
SEHK:1240 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-12-31 7,508 56 225
2018-09-30 7,632 1,250 251
2018-06-30 7,757 2,444 276
2018-03-31 9,043 3,347 394
2017-12-31 10,329 4,250 512
2017-09-30 11,292 3,320 660
2017-06-30 12,256 2,390 808
2017-03-31 10,431 2,058 696
2016-12-31 8,606 1,727 585
2016-09-30 9,029 2,259 604
2016-06-30 9,453 2,791 623
2016-03-31 10,253 1,759 600

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • CNQC International Holdings's earnings are expected to grow by 3.8% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if CNQC International Holdings is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SEHK:1240 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from CNQC International Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1240 Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
SEHK:1240 Past Financials Data
Date (Data in HKD Millions) EPS *
2018-12-31 0.13
2018-09-30 0.15
2018-06-30 0.17
2018-03-31 0.24
2017-12-31 0.31
2017-09-30 0.40
2017-06-30 0.50
2017-03-31 0.45
2016-12-31 0.40
2016-09-30 0.44
2016-06-30 0.48
2016-03-31 0.47

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if CNQC International Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess CNQC International Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
CNQC International Holdings has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has CNQC International Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare CNQC International Holdings's growth in the last year to its industry (Real Estate).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • CNQC International Holdings's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • CNQC International Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • CNQC International Holdings's 1-year earnings growth is negative, it can't be compared to the HK Real Estate industry average.
Earnings and Revenue History
CNQC International Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from CNQC International Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1240 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 7,507.89 224.89 421.55
2018-09-30 7,632.36 250.58 438.16
2018-06-30 7,756.83 276.28 454.77
2018-03-31 9,043.07 394.16 505.88
2017-12-31 10,329.31 512.05 557.00
2017-09-30 11,292.48 659.81 572.77
2017-06-30 12,255.66 807.56 588.55
2017-03-31 10,430.69 696.47 520.61
2016-12-31 8,605.72 585.39 452.67
2016-09-30 9,029.42 604.36 535.16
2016-06-30 9,453.12 623.33 617.66
2016-03-31 10,253.29 600.32 668.13
2015-12-31 11,053.46 577.32 718.61
2014-12-31 7,302.29 276.30 512.76
2013-12-31 1,688.65 -88.17
2012-12-31 1,836.67 161.20

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • CNQC International Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • CNQC International Holdings used its assets less efficiently than the HK Real Estate industry average last year based on Return on Assets.
  • CNQC International Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess CNQC International Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
CNQC International Holdings has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is CNQC International Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up CNQC International Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • CNQC International Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • CNQC International Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of CNQC International Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from CNQC International Holdings Company Filings, last reported 4 months ago.

SEHK:1240 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 3,322.44 4,093.05 1,560.21
2018-09-30 3,322.44 4,093.05 1,560.21
2018-06-30 3,480.31 4,979.74 2,159.27
2018-03-31 3,480.31 4,979.74 2,159.27
2017-12-31 3,493.53 5,005.29 3,204.01
2017-09-30 3,493.53 5,005.29 3,204.01
2017-06-30 3,570.41 6,292.00 2,339.37
2017-03-31 3,570.41 6,292.00 2,339.37
2016-12-31 3,062.07 6,707.05 1,825.51
2016-09-30 3,062.07 6,707.05 1,825.51
2016-06-30 2,144.97 7,267.77 2,000.70
2016-03-31 2,144.97 7,267.77 2,000.70
2015-12-31 1,480.79 7,923.33 1,653.43
2014-12-31 776.35 7,858.16 942.75
2013-12-31
2012-12-31
  • CNQC International Holdings's level of debt (123.2%) compared to net worth is high (greater than 40%).
  • Unable to establish if CNQC International Holdings's debt level has increased without past 5-year debt data.
  • Debt is not well covered by operating cash flow (1.4%, less than 20% of total debt).
  • CNQC International Holdings earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess CNQC International Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. CNQC International Holdings has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
7.97%
Current annual income from CNQC International Holdings dividends.
If you bought HK$2,000 of CNQC International Holdings shares you are expected to receive HK$159 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • CNQC International Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.1%).
  • CNQC International Holdings's dividend is above the markets top 25% of dividend payers in Hong Kong (5.83%).
Upcoming dividend payment

Purchase CNQC International Holdings before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SEHK:1240 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Hong Kong Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 143 Stocks 4.1%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 965 Stocks 3.7%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.2%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.1%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SEHK:1240 Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts
SEHK:1240 Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2019-04-15 0.110 7.008
2018-04-17 0.160 8.121
2017-04-13 0.160 5.876
2017-03-28 0.160 6.024
2016-09-19 0.100 3.416
2016-08-30 0.100 3.185
2016-04-29 0.120 4.078

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • CNQC International Holdings has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • CNQC International Holdings has only been paying a dividend for 3 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of CNQC International Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.2x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess CNQC International Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can CNQC International Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. CNQC International Holdings has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Congyuan Wang
COMPENSATION HK$9,888,000
AGE 43
TENURE AS CEO 3.3 years
CEO Bio

Mr. Congyuan Wang has been the Chief Executive Officer and Executive Director of CNQC International Holdings Limited since January 26, 2016. From September 2007 to October 2015. Mr. Wang took the positions of Secretary To The Board of Directors, Assistant To The President, The Vice President and the Joint Chairman of (Qingjian Group Co., Ltd.) and from December 2012 to October 2015, he was the Vice President and Executive Vice President of (Guotsing Holding Group Co., Ltd.). During the period from August 2012 to December 2013, he served as the President of (Qingjian International Grou Co., Ltd.). He was also the Chairman and The Chief Executive Officer of (Qingdao Qingjia Real Estate Group Co.,Ltd.) during the period from July 2014 to August 2015. Mr. Wang has over 20 years of experience in the engineering and construction industry. He is a Senior Engineer and a Member of the Chartered Institute of Building. He was accredited as (The Entrepreneur with Highest Potential in Qingdao*) in December 2012 and was awarded (The Award for Improvement of Living Standard in Shandong Province in April 2014. Mr. Wang holds a Bachelor's Degree in Thermal Engineering from The University of Science and Technology Beijing, the People's Republic of China (the `'PRC).

CEO Compensation
  • Congyuan's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Congyuan's remuneration is higher than average for companies of similar size in Hong Kong.
Management Team Tenure

Average tenure and age of the CNQC International Holdings management team in years:

2.7
Average Tenure
44
Average Age
  • The tenure for the CNQC International Holdings management team is about average.
Management Team

Michael Cheng

TITLE
Chairman
COMPENSATION
HK$14M
AGE
61

Congyuan Wang

TITLE
CEO & Executive Director
COMPENSATION
HK$10M
AGE
43
TENURE
3.3 yrs

Yuqiang Zhang

TITLE
GM & Executive Director
COMPENSATION
HK$4M
AGE
56
TENURE
5.1 yrs

Tat Chan

TITLE
CFO & Company Secretary
AGE
45
TENURE
2 yrs

Chen Yeong

TITLE
Chief Financial Officer of CNQC (South Pacific)Holding Pte. Ltd
AGE
44

Wenbo Zhu

TITLE
Executive Director & CEO of Welltech Construction Pte Ltd.
AGE
33

Shangfeng Song

TITLE
Executive President of CNQC (South Pacific) holding Pte. Ltd.
AGE
42
TENURE
1.3 yrs
Board of Directors Tenure

Average tenure and age of the CNQC International Holdings board of directors in years:

3.3
Average Tenure
56
Average Age
  • The tenure for the CNQC International Holdings board of directors is about average.
Board of Directors

Michael Cheng

TITLE
Chairman
COMPENSATION
HK$14M
AGE
61
TENURE
3.3 yrs

Congyuan Wang

TITLE
CEO & Executive Director
COMPENSATION
HK$10M
AGE
43
TENURE
3.3 yrs

Yuqiang Zhang

TITLE
GM & Executive Director
COMPENSATION
HK$4M
AGE
56
TENURE
5.1 yrs

Pedro Ching

TITLE
Independent Non-Executive Director
COMPENSATION
HK$240K
AGE
74
TENURE
6.7 yrs

Raymond Tam

TITLE
Independent Non-Executive Director
COMPENSATION
HK$240K
AGE
54
TENURE
6.7 yrs

Johnny Chan

TITLE
Independent Non-Executive Director
COMPENSATION
HK$240K
AGE
58
TENURE
3.3 yrs

Anhua Chen

TITLE
Non-Executive Director
COMPENSATION
HK$23K
AGE
50
TENURE
1.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
X
Management checks
We assess CNQC International Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. CNQC International Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Is CNQC International Holdings Limited's (HKG:1240) CEO Overpaid Relative To Its Peers?

Congyuan Wang became the CEO of CNQC International Holdings Limited (HKG:1240) in 2016. … This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Congyuan Wang's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Is CNQC International Holdings Limited's (HKG:1240) Balance Sheet A Threat To Its Future?

While small-cap stocks, such as CNQC International Holdings Limited (HKG:1240) with its market cap of HK$2.7b, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Understanding the company's financial health becomes. … Let's work through some financial health checks you may wish to consider if you're interested in this stock.

Simply Wall St -

What Type Of Shareholder Owns CNQC International Holdings Limited's (HKG:1240)?

A look at the shareholders of CNQC International Holdings Limited (HKG:1240) can tell us which group is most powerful. … Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … With a market capitalization of HK$2.7b, CNQC International Holdings is a small cap stock, so it might not be well known by many institutional investors.

Simply Wall St -

If You Had Bought CNQC International Holdings Stock A Year Ago, You'd Be Sitting On A 36% Loss, Today

For example, the CNQC International Holdings Limited (HKG:1240) share price is down 36% in the last year. … The falls have accelerated recently, with the share price down 13% in the last three months. … By comparing earnings per share (EPS) and and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time.

Simply Wall St -

Should You Be Tempted To Sell CNQC International Holdings Limited (HKG:1240) Because Of Its P/E Ratio?

We'll show how you can use CNQC International Holdings Limited's (HKG:1240) P/E ratio to inform your assessment of the investment opportunity. … Based on the last twelve months, CNQC International Holdings's P/E ratio is 10.78. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Did CNQC International Holdings Limited (HKG:1240) Use Debt To Deliver Its ROE Of 9.5%?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Our data shows CNQC International Holdings has a return on equity of 9.5% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Is CNQC International Holdings Limited's (HKG:1240) Balance Sheet A Threat To Its Future?

While small-cap stocks, such as CNQC International Holdings Limited (HKG:1240) with its market cap of HK$3.1b, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … since poor capital management may bring about bankruptcies, … I believe these basic checks tell most of the story you need to know.

Simply Wall St -

What Kind Of Shareholder Appears On The CNQC International Holdings Limited's (HKG:1240) Shareholder Register?

A look at the shareholders of CNQC International Holdings Limited (HKG:1240) can tell us which group is most powerful. … Generally speaking, as a company grows, institutions will increase their ownership. … CNQC International Holdings is not a large company by global standards.

Simply Wall St -

Is CNQC International Holdings Limited (HKG:1240) Attractive At Its Current PE Ratio?

and want to start learning about core concepts of fundamental analysis on practical examples from today's market. … CNQC International Holdings Limited (HKG:1240) is currently trading at a trailing P/E of 10.3, which is higher than the industry average of 5.1. … View our latest analysis for CNQC International Holdings

Simply Wall St -

What Investors Should Know About CNQC International Holdings Limited's (HKG:1240) Financial Strength

While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … So, understanding the company's financial health becomes. … Here are few basic financial health checks you should consider before taking the plunge.

Simply Wall St -

Company Info

Description

CNQC International Holdings Limited, an investment holding company, operates as a property developer and contractor in Singapore. The company primarily engages in the development and sale of executive condominiums and condominiums in the Outside Central Region of Singapore; and the provision of construction services as main contractor for governmental authorities and private property developers. It also undertakes foundation works; and provides ancillary services with specialization in piling works, as well as superstructure construction services in Hong Kong and Macau. In addition, the company undertakes construction projects in Malaysia, Indonesia, and Vietnam. Further, it is involved in the rental of machinery and construction equipment; general wholesale trade business; provision of information technology services; trading and letting of tools and equipment; lease of workers dormitory; and provision of general contracting, and building and civil engineering services. The company is headquartered in Kowloon Bay, Hong Kong. CNQC International Holdings Limited is a subsidiary of Guotsing Holding Group Co. Ltd.

Details
Name: CNQC International Holdings Limited
1240
Exchange: SEHK
Founded:
HK$2,267,609,413
1,643,195,227
Website: http://www.cnqc.com.hk
Address: CNQC International Holdings Limited
Exchange Tower,
Room 601,
Kowloon Bay,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1240 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 16. Oct 2015
Number of employees
Current staff
Staff numbers
1,846
CNQC International Holdings employees.
Industry
Real Estate Development
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/26 12:55
End of day share price update: 2019/05/24 00:00
Last estimates confirmation: 2018/03/28
Last earnings filing: 2019/04/15
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.