SEHK:1902

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Yincheng International Holding

Executive Summary

Yincheng International Holding Co., Ltd., an investment holding company, engages in the property development activities in Mainland China. More Details


Snowflake Analysis

Adequate balance sheet with proven track record.

Share Price & News

How has Yincheng International Holding's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 1902 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 1902's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

-0.4%

1902

-1.9%

HK Real Estate

1.1%

HK Market


1 Year Return

-9.9%

1902

-8.3%

HK Real Estate

8.2%

HK Market

Return vs Industry: 1902 underperformed the Hong Kong Real Estate industry which returned -8.1% over the past year.

Return vs Market: 1902 underperformed the Hong Kong Market which returned 7.6% over the past year.


Shareholder returns

1902IndustryMarket
7 Day-0.4%-1.9%1.1%
30 Day0.9%6.9%7.2%
90 Day-4.8%-3.0%5.2%
1 Year-9.0%-9.9%-3.4%-8.3%12.6%8.2%
3 Yearn/a-0.3%-12.9%0.4%-10.0%
5 Yearn/a45.0%14.7%30.6%8.5%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Yincheng International Holding undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 1902 (HK$2.37) is trading below our estimate of fair value (HK$132.47)

Significantly Below Fair Value: 1902 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 1902 is poor value based on its PE Ratio (11.8x) compared to the HK Real Estate industry average (8.4x).

PE vs Market: 1902 is poor value based on its PE Ratio (11.8x) compared to the Hong Kong market (11.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 1902's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 1902 is overvalued based on its PB Ratio (1.1x) compared to the HK Real Estate industry average (0.4x).


Next Steps

Future Growth

How is Yincheng International Holding forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

18.1%

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 Yincheng International Holding 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.


Next Steps

Past Performance

How has Yincheng International Holding performed over the past 5 years?

-5.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1902 has high quality earnings.

Growing Profit Margin: 1902's current net profit margins (2.5%) are higher than last year (2.1%).


Past Earnings Growth Analysis

Earnings Trend: 1902's earnings have declined by 5.8% per year over the past 5 years.

Accelerating Growth: 1902's earnings growth over the past year (31.6%) exceeds its 5-year average (-5.8% per year).

Earnings vs Industry: 1902 earnings growth over the past year (31.6%) exceeded the Real Estate industry -0.6%.


Return on Equity

High ROE: 1902's Return on Equity (12.5%) is considered low.


Next Steps

Financial Health

How is Yincheng International Holding's financial position?


Financial Position Analysis

Short Term Liabilities: 1902's short term assets (CN¥32.2B) exceed its short term liabilities (CN¥25.8B).

Long Term Liabilities: 1902's short term assets (CN¥32.2B) exceed its long term liabilities (CN¥6.7B).


Debt to Equity History and Analysis

Debt Level: 1902's debt to equity ratio (235.5%) is considered high.

Reducing Debt: Insufficient data to determine if 1902's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 1902's debt is well covered by operating cash flow (37.6%).

Interest Coverage: 1902's interest payments on its debt are well covered by EBIT (6.7x coverage).


Balance Sheet


Next Steps

Dividend

What is Yincheng International Holding current dividend yield, its reliability and sustainability?

0.97%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 1902's dividend (0.98%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.23%).

High Dividend: 1902's dividend (0.98%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.58%).


Stability and Growth of Payments

Stable Dividend: 1902 is not paying a notable dividend for the Hong Kong market, therefore no need to check if payments are stable.

Growing Dividend: 1902 is not paying a notable dividend for the Hong Kong market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: 1902 is not paying a notable dividend for the Hong Kong market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 1902's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

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

2.3yrs

Average board tenure


CEO

Baohua Ma (58 yo)

no data

Tenure

CN¥1,166,000

Compensation

Mr. Ma Baohua is the President at Yincheng International Holding Co., Ltd. and has been its Executive Director since August 19, 2018. Mr. Ma serves as a Non-Executive Director at Yincheng Life Service Co.,...


CEO Compensation Analysis

Compensation vs Market: Baohua's total compensation ($USD177.32K) is below average for companies of similar size in the Hong Kong market ($USD342.51K).

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


Board Members

NamePositionTenureCompensationOwnership
Baohua Ma
President & Executive Directorno dataCN¥1.17m4.97%
CN¥ 172.6m
Li Zhu
VP & Executive Director2.25yrsCN¥1.18m2.5%
CN¥ 86.9m
Zheng Wang
VP & Executive Director2.25yrsCN¥1.20m0.73%
CN¥ 25.5m
Lei Shao
VP & Executive Directorno dataCN¥1.29m0.73%
CN¥ 25.5m
Peng Kuan Chan
Independent Non-Executive Director1.75yrsCN¥202.00kno data
Shimin Chen
Independent Non-Executive Director1.75yrsCN¥225.00kno data
Qingping Huang
Chairman of the Boardno dataCN¥2.12m37.26%
CN¥ 1.3b
Chenguang Xie
Non-Executive Director2.25yrsCN¥1.06m5.4%
CN¥ 187.4m
Ming Fai Lam
Independent Non-Executive Director1.75yrsCN¥202.00kno data

2.3yrs

Average Tenure

56yo

Average Age

Experienced Board: 1902's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


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

Yincheng International Holding Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Yincheng International Holding Co., Ltd.
  • Ticker: 1902
  • Exchange: SEHK
  • Founded: 1993
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: HK$3.473b
  • Shares outstanding: 1.45b
  • Website: https://www.yincheng.hk

Number of Employees


Location

  • Yincheng International Holding Co., Ltd.
  • Yincheng Plaza
  • Part of 19-21 Floors
  • Nanjing
  • Jiangsu Province
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1902SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDMar 2019

Biography

Yincheng International Holding Co., Ltd., an investment holding company, engages in the property development activities in Mainland China. It develops and sells residential properties, including high-rise ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/26 10:14
End of Day Share Price2020/11/26 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.