SEHK:1922

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Yincheng Life Service

Executive Summary

Yincheng Life Service CO., Ltd., an investment holding company, provides property management services in the People's Republic of China. More Details


Snowflake Analysis

Solid track record with high growth potential.

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 +/- 5% a week.

Volatility Over Time: 1922's weekly volatility has decreased from 11% to 5% over the past year.


Market Performance


7 Day Return

-8.4%

1922

-2.0%

HK Real Estate

-0.5%

HK Market


1 Year Return

139.0%

1922

-8.1%

HK Real Estate

7.6%

HK Market

Return vs Industry: 1922 exceeded the Hong Kong Real Estate industry which returned -8.1% over the past year.

Return vs Market: 1922 exceeded the Hong Kong Market which returned 7.6% over the past year.


Shareholder returns

1922IndustryMarket
7 Day-8.4%-2.0%-0.5%
30 Day-16.2%4.9%5.3%
90 Day-32.0%-2.0%4.2%
1 Year143.4%139.0%-3.2%-8.1%11.9%7.6%
3 Yearn/a-1.4%-13.8%-1.2%-11.4%
5 Yearn/a42.6%14.6%29.7%7.9%

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?

38.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 1922 (HK$5.02) is trading below our estimate of fair value (HK$8.15)

Significantly Below Fair Value: 1922 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 1922 is poor value based on its PE Ratio (19.9x) compared to the HK Real Estate industry average (8.4x).

PE vs Market: 1922 is poor value based on its PE Ratio (19.9x) compared to the Hong Kong market (11.2x).


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 (7.9x) compared to the HK Real Estate industry average (0.4x).


Next Steps

Future Growth

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

39.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1922's forecast earnings growth (39.7% per year) is above the savings rate (1.6%).

Earnings vs Market: 1922's earnings (39.7% per year) are forecast to grow faster than the Hong Kong market (21.9% per year).

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

Revenue vs Market: 1922's revenue (27.2% per year) is forecast to grow faster than the Hong Kong market (13.7% per year).

High Growth Revenue: 1922's revenue (27.2% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 1922's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

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

22.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1922 has high quality earnings.

Growing Profit Margin: 1922's current net profit margins (6.4%) are higher than last year (5.2%).


Past Earnings Growth Analysis

Earnings Trend: 1922's earnings have grown significantly by 22.3% per year over the past 5 years.

Accelerating Growth: 1922's earnings growth over the past year (72.7%) exceeds its 5-year average (22.3% per year).

Earnings vs Industry: 1922 earnings growth over the past year (72.7%) exceeded the Real Estate industry -0.6%.


Return on Equity

High ROE: Whilst 1922's Return on Equity (32.25%) is high, this metric is skewed due to their high level of debt.


Next Steps

Financial Health

How is Yincheng Life Service's financial position?


Financial Position Analysis

Short Term Liabilities: 1922's short term assets (CN¥669.2M) exceed its short term liabilities (CN¥595.0M).

Long Term Liabilities: 1922's short term assets (CN¥669.2M) exceed its long term liabilities (CN¥24.3M).


Debt to Equity History and Analysis

Debt Level: 1922's debt to equity ratio (135%) 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 (48.2%).

Interest Coverage: 1922's interest payments on its debt are well covered by EBIT (8x coverage).


Balance Sheet


Next Steps

Dividend

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

0.83%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 1922's dividend (0.83%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.23%).

High Dividend: 1922's dividend (0.83%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.58%).


Stability and Growth of Payments

Stable Dividend: 1922 is not paying a notable dividend for the Hong Kong market, therefore no need to check if payments are stable.

Growing Dividend: 1922 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: 1922 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 1922'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?

1.4yrs

Average board tenure


CEO

Chunling Li (43 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 ($USD190.71K) is below average for companies of similar size in the Hong Kong market ($USD292.59K).

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


Board Members

NamePositionTenureCompensationOwnership
Chunling Li
President & Executive Directorno dataCN¥1.25m2.08%
CN¥ 27.8m
Xuemei Huang
VP & Executive Director1.42yrsCN¥683.00k0.50%
CN¥ 6.8m
Baohua Ma
Non-Executive Director1.42yrsCN¥60.00k5.03%
CN¥ 67.5m
Yougen Li
Independent Non-Executive Director1.08yrsCN¥17.00kno data
Qingping Huang
Non-Executive Director1.42yrsCN¥45.00k37.35%
CN¥ 500.8m
Siu Hang Chow
Independent Non-Executive Director1.08yrsCN¥45.00kno data
Li Zhu
Non-Executive Director1.42yrsCN¥45.00k2.52%
CN¥ 33.7m
Chenguang Xie
Chairmanno dataCN¥45.00k5.43%
CN¥ 72.8m
Ning Mao
Independent Non-Executive Director1.08yrsCN¥17.00kno data

1.4yrs

Average Tenure

52yo

Average Age

Experienced Board: 1922's board of directors are not considered experienced ( 1.4 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.


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$1.341b
  • Shares outstanding: 267.15m
  • Website: https://www.yinchenglife.hk

Number of Employees


Location

  • Yincheng Life Service CO., Ltd.
  • 289 Jiangdong Avenue North
  • 19th Floor
  • Nanjing
  • Jiangsu Province
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1922SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDNov 2019

Biography

Yincheng Life Service CO., Ltd., an investment holding company, provides property management services in the People's Republic of China. The company offers property management services, including security,...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/26 10:18
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.