NOT FOR DISTRIBUTION
Header cover image

Yincheng Life Service

Market Cap

HK$1.3b

Last Updated

2021/05/07 10:13 UTC

Data Sources

Company Financials +

Executive Summary

Yincheng Life Service CO., Ltd., an investment holding company, provides property management services in the Mainland China. More Details


Snowflake Analysis

Exceptional growth potential with solid track record.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 1922 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: 1922's weekly volatility (10%) has been stable over the past year.


Market Performance


7 Day Return

0.4%

1922

0.3%

HK Real Estate

-0.7%

HK Market


1 Year Return

119.1%

1922

6.3%

HK Real Estate

25.7%

HK Market

Return vs Industry: 1922 exceeded the Hong Kong Real Estate industry which returned 7.9% over the past year.

Return vs Market: 1922 exceeded the Hong Kong Market which returned 27.5% over the past year.


Shareholder returns

1922IndustryMarket
7 Day0.4%0.3%-0.7%
30 Day-1.4%-1.4%-1.6%
90 Day-5.5%7.1%-2.9%
1 Year123.1%119.1%11.5%6.3%30.6%25.7%
3 Yearn/a-6.0%-17.9%3.5%-7.5%
5 Yearn/a69.3%34.4%62.2%34.7%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Yincheng Life Service undervalued compared to its fair value and its price relative to the market?

10.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 1922 (HK$4.82) is trading below our estimate of fair value (HK$5.37)

Significantly Below Fair Value: 1922 is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: 1922 is poor value based on its PE Ratio (15.9x) compared to the HK Real Estate industry average (7.4x).

PE vs Market: 1922 is poor value based on its PE Ratio (15.9x) compared to the Hong Kong market (11.7x).


Price to Earnings Growth Ratio

PEG Ratio: 1922 is good value based on its PEG Ratio (0.5x)


Price to Book Ratio

PB vs Industry: 1922 is overvalued based on its PB Ratio (6.2x) compared to the HK Real Estate industry average (0.5x).


Future Growth

How is Yincheng Life Service forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

33.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1922's forecast earnings growth (33% per year) is above the savings rate (1.5%).

Earnings vs Market: 1922's earnings (33% per year) are forecast to grow faster than the Hong Kong market (17.2% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 1922's revenue (21.1% per year) is forecast to grow faster than the Hong Kong market (12.6% per year).

High Growth Revenue: 1922's revenue (21.1% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 1922's Return on Equity is forecast to be high in 3 years time (39.2%)


Past Performance

How has Yincheng Life Service performed over the past 5 years?

26.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1922 has high quality earnings.

Growing Profit Margin: 1922's current net profit margins (7%) are higher than last year (4.8%).


Past Earnings Growth Analysis

Earnings Trend: 1922's earnings have grown significantly by 26.1% per year over the past 5 years.

Accelerating Growth: 1922's earnings growth over the past year (102.5%) exceeds its 5-year average (26.1% per year).

Earnings vs Industry: 1922 earnings growth over the past year (102.5%) exceeded the Real Estate industry 5.9%.


Return on Equity

High ROE: Whilst 1922's Return on Equity (35.9%) is high, this metric is skewed due to their high level of debt.


Financial Health

How is Yincheng Life Service's financial position?


Financial Position Analysis

Short Term Liabilities: 1922's short term assets (CN¥861.9M) exceed its short term liabilities (CN¥761.0M).

Long Term Liabilities: 1922's short term assets (CN¥861.9M) exceed its long term liabilities (CN¥24.5M).


Debt to Equity History and Analysis

Debt Level: 1922's debt to equity ratio (143.2%) is considered high.

Reducing Debt: Insufficient data to determine if 1922's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 1922's debt is well covered by operating cash flow (24.3%).

Interest Coverage: 1922's interest payments on its debt are well covered by EBIT (15.5x coverage).


Balance Sheet


Dividend

What is Yincheng Life Service current dividend yield, its reliability and sustainability?

1.90%

Current Dividend Yield


Upcoming Dividend Payment

TodayMay 08 2021Ex Dividend DateJun 03 2021Dividend Pay DateJul 19 202146 days from Ex DividendBuy in the next 26 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: 1922's dividend (1.9%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (1.94%).

High Dividend: 1922's dividend (1.9%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.01%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether 1922's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if 1922's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (30.2%), 1922's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 1922's dividends in 3 years are forecast to be well covered by earnings (29.2% payout ratio).


Next Steps

Management

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

1.9yrs

Average board tenure


CEO

Chunling Li (42 yo)

no data

Tenure

CN¥1,254,000

Compensation

Mr. Chunling Li serves as the President of Yincheng Life Service CO., Ltd. and has been its Executive Director since June 18, 2019. Mr. Li is primarily responsible for the overall strategic decision, busin...


CEO Compensation Analysis

Compensation vs Market: Chunling's total compensation ($USD194.03K) is below average for companies of similar size in the Hong Kong market ($USD292.01K).

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


Board Members

Experienced Board: 1922's board of directors are not considered experienced ( 1.9 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: 1922 insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Yincheng Life Service CO., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Yincheng Life Service CO., Ltd.
  • Ticker: 1922
  • Exchange: SEHK
  • Founded: 1997
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: HK$1.264b
  • Shares outstanding: 267.15m
  • Website: https://www.yinchenglife.hk

Number of Employees


Location

  • Yincheng Life Service CO., Ltd.
  • Block A Yincheng Plaza
  • 19th Floor
  • Nanjing
  • Jiangsu Province
  • China

Listings


Biography

Yincheng Life Service CO., Ltd., an investment holding company, provides property management services in the Mainland China. It offers range of property management services, including security, cleaning, c...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/07 10:13
End of Day Share Price2021/05/07 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.