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131

Cheuk Nang (Holdings) SEHK:131 Stock Report

Last Price

HK$2.41

Market Cap

HK$1.6b

7D

1.7%

1Y

-10.1%

Updated

09 Aug, 2022

Data

Company Financials
131 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance1/6
Financial Health4/6
Dividends1/6

131 Stock Overview

Cheuk Nang (Holdings) Limited, an investment holding company, engages in the investment, development, management, and trading of properties in the People’s Republic of China, Hong Kong, and Malaysia.

Cheuk Nang (Holdings) Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Cheuk Nang (Holdings)
Historical stock prices
Current Share PriceHK$2.41
52 Week HighHK$2.80
52 Week LowHK$1.95
Beta0.44
1 Month Change3.43%
3 Month Change9.55%
1 Year Change-10.08%
3 Year Change-37.89%
5 Year Change-53.11%
Change since IPO-51.05%

Recent News & Updates

May 20
Health Check: How Prudently Does Cheuk Nang (Holdings) (HKG:131) Use Debt?

Health Check: How Prudently Does Cheuk Nang (Holdings) (HKG:131) Use Debt?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Shareholder Returns

131HK Real EstateHK Market
7D1.7%2.0%1.5%
1Y-10.1%-36.2%-22.7%

Return vs Industry: 131 exceeded the Hong Kong Real Estate industry which returned -35% over the past year.

Return vs Market: 131 exceeded the Hong Kong Market which returned -21.9% over the past year.

Price Volatility

Is 131's price volatile compared to industry and market?
131 volatility
131 Average Weekly Movement7.4%
Real Estate Industry Average Movement5.8%
Market Average Movement6.6%
10% most volatile stocks in HK Market12.8%
10% least volatile stocks in HK Market3.2%

Stable Share Price: 131 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: 131's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
196375Cecil Chaohttps://www.cheuknang.com.hk

Cheuk Nang (Holdings) Limited, an investment holding company, engages in the investment, development, management, and trading of properties in the People’s Republic of China, Hong Kong, and Malaysia. It operates through Property Sales, Property Rental, Estate Management, and Others segments. The company develops residential, commercial, and retail properties.

Cheuk Nang (Holdings) Fundamentals Summary

How do Cheuk Nang (Holdings)'s earnings and revenue compare to its market cap?
131 fundamental statistics
Market CapHK$1.57b
Earnings (TTM)HK$95.26m
Revenue (TTM)HK$147.34m

16.5x

P/E Ratio

10.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
131 income statement (TTM)
RevenueHK$147.34m
Cost of RevenueHK$165.02m
Gross Profit-HK$17.68m
Other Expenses-HK$112.94m
EarningsHK$95.26m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.15
Gross Margin-12.00%
Net Profit Margin64.66%
Debt/Equity Ratio17.5%

How did 131 perform over the long term?

See historical performance and comparison

Dividends

1.9%

Current Dividend Yield

31%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 131 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • 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 131?

Other financial metrics that can be useful for relative valuation.

131 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/Revenue6.6x
Enterprise Value/EBITDA-7.3x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 131's PE Ratio compare to its peers?

131 PE Ratio vs Peers
The above table shows the PE ratio for 131 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average4.7x
726 DIT Group
11.3xn/aHK$1.5b
832 Central China Real Estate
2.6x-4.3%HK$1.9b
9968 Huijing Holdings
3.8xn/aHK$1.1b
124 Guangdong Land Holdings
1.1xn/aHK$1.5b
131 Cheuk Nang (Holdings)
16.5xn/aHK$1.6b

Price-To-Earnings vs Peers: 131 is expensive based on its Price-To-Earnings Ratio (16.5x) compared to the peer average (4.7x).


Price to Earnings Ratio vs Industry

How does 131's PE Ratio compare vs other companies in the HK Real Estate Industry?

Price-To-Earnings vs Industry: 131 is expensive based on its Price-To-Earnings Ratio (16.5x) compared to the Hong Kong Real Estate industry average (5.6x)


Price to Earnings Ratio vs Fair Ratio

What is 131'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.

131 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16.5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 131's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 131 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 131 (HK$2.41) is trading above our estimate of fair value (HK$0.67)

Significantly Below Fair Value: 131 is trading above our estimate of fair value.


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 Cheuk Nang (Holdings) forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


9.4%

Forecasted Real Estate 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 Cheuk Nang (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 Cheuk Nang (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.
  • Cheuk Nang (Holdings) competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Cheuk Nang (Holdings) performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-35.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 131 has a large one-off loss of HK$67.4M impacting its December 31 2021 financial results.

Growing Profit Margin: 131 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 131's earnings have declined by 35.8% per year over the past 5 years.

Accelerating Growth: 131 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 131 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Real Estate industry (17%).


Return on Equity

High ROE: 131's Return on Equity (1.4%) is considered low.


Discover strong past performing companies

Financial Health

How is Cheuk Nang (Holdings)'s financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 131's short term assets (HK$4.2B) exceed its short term liabilities (HK$2.9B).

Long Term Liabilities: 131's short term assets (HK$4.2B) exceed its long term liabilities (HK$1.1B).


Debt to Equity History and Analysis

Debt Level: 131 has more cash than its total debt.

Reducing Debt: 131's debt to equity ratio has reduced from 25.2% to 17.5% over the past 5 years.

Debt Coverage: 131's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if 131's interest payments on its debt are well covered by EBIT.


Balance Sheet


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Dividend

What is Cheuk Nang (Holdings) current dividend yield, its reliability and sustainability?

Dividend Score

1/6

Dividend Score 1/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


1.87%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 131's dividend (1.87%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.84%).

High Dividend: 131's dividend (1.87%) is low compared to the top 25% of dividend payers in the Hong Kong market (8.38%).


Stability and Growth of Payments

Stable Dividend: 131's dividend payments have been volatile in the past 10 years.

Growing Dividend: 131's dividend payments have fallen over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (31%), 131's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: 131 is paying a dividend but the company has no free cash flows.


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Management

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

15.7yrs

Average board tenure


CEO

Cecil Chao (86 yo)

34.58yrs

Tenure

HK$9,010,000

Compensation

Dr. Sze-Tsung Chao, also known as Cecil, has been an Executive Chairman of Cheuk Nang (Holdings) Ltd., since 1988 and has been its Chief Executive Officer. He founded Cheuk Nang (Holdings) Ltd. in 1988.Dr...


CEO Compensation Analysis

Compensation vs Market: Cecil's total compensation ($USD1.15M) is above average for companies of similar size in the Hong Kong market ($USD302.88K).

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


Board Members

Experienced Board: 131's board of directors are seasoned and experienced ( 15.7 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

Cheuk Nang (Holdings) Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Cheuk Nang (Holdings) Limited
  • Ticker: 131
  • Exchange: SEHK
  • Founded: 1963
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Implied Market Cap: HK$1.573b
  • Shares outstanding: 652.68m
  • Website: https://www.cheuknang.com.hk

Number of Employees


Location

  • Cheuk Nang (Holdings) Limited
  • Central Plaza
  • Suite 4901
  • Wan Chai
  • Hong Kong

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/09 00:00
End of Day Share Price2022/08/09 00:00
Earnings2021/12/31
Annual Earnings2021/06/30


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.