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216

Chinney InvestmentsSEHK:216 Stock Report

Last Price

HK$1.60

Market Cap

HK$882.2m

7D

-1.2%

1Y

-8.0%

Updated

26 Jan, 2022

Data

Company Financials
216 fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance2/6
Financial Health3/6
Dividends3/6

216 Stock Overview

Chinney Investments, Limited, an investment holding company, primarily engages in the property development and investment activities in Hong Kong and Mainland China.

Chinney Investments Competitors

Sino Land

SEHK:83

HK$74.2b

Tsim Sha Tsui Properties

SEHK:247

HK$46.9b

New World Development

SEHK:17

HK$80.8b

Champion Real Estate Investment Trust

SEHK:2778

HK$23.7b

Price History & Performance

Summary of all time highs, changes and price drops for Chinney Investments
Historical stock prices
Current Share PriceHK$1.60
52 Week HighHK$1.99
52 Week LowHK$1.48
Beta0.95
1 Month Change1.27%
3 Month Change-0.62%
1 Year Change-8.05%
3 Year Change-40.30%
5 Year Change-26.27%
Change since IPO68.42%

Recent News & Updates

Aug 19
We Think Shareholders Are Less Likely To Approve A Large Pay Rise For Chinney Investments, Limited's (HKG:216) CEO For Now

We Think Shareholders Are Less Likely To Approve A Large Pay Rise For Chinney Investments, Limited's (HKG:216) CEO For Now

The underwhelming share price performance of Chinney Investments, Limited ( HKG:216 ) in the past three years would...

Shareholder Returns

216HK Real EstateHK Market
7D-1.2%2.9%-0.06%
1Y-8.0%-21.0%-15.0%

Return vs Industry: 216 exceeded the Hong Kong Real Estate industry which returned -21% over the past year.

Return vs Market: 216 exceeded the Hong Kong Market which returned -15% over the past year.

Price Volatility

Is 216's price volatile compared to industry and market?
216 volatility
216 Average Weekly Movement4.3%
Real Estate Industry Average Movement5.6%
Market Average Movement6.7%
10% most volatile stocks in HK Market13.1%
10% least volatile stocks in HK Market3.1%

Stable Share Price: 216 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 216's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1959370Zuric Chanhttps://www.chinney.com.hk

Chinney Investments, Limited, an investment holding company, primarily engages in the property development and investment activities in Hong Kong and Mainland China. It operates through three segments: Property Development; Property Investment; and Property, Carpark Management and Others. The company is also involved in sub-leasing business, as well as offers management services to residential and commercial properties.

Chinney Investments Fundamentals Summary

How do Chinney Investments's earnings and revenue compare to its market cap?
216 fundamental statistics
Market CapHK$882.19m
Earnings (TTM)HK$82.86m
Revenue (TTM)HK$1.14b

10.6x

P/E Ratio

0.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
216 income statement (TTM)
RevenueHK$1.14b
Cost of RevenueHK$475.92m
Gross ProfitHK$661.56m
ExpensesHK$578.70m
EarningsHK$82.86m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.15
Gross Margin58.16%
Net Profit Margin7.28%
Debt/Equity Ratio49.7%

How did 216 perform over the long term?

See historical performance and comparison

Dividends

3.1%

Current Dividend Yield

33%

Payout Ratio

Valuation

Is Chinney Investments 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: 216 (HK$1.6) is trading below our estimate of fair value (HK$8.32)

Significantly Below Fair Value: 216 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 216 is poor value based on its PE Ratio (10.6x) compared to the Hong Kong Real Estate industry average (6.8x).

PE vs Market: 216 is poor value based on its PE Ratio (10.6x) compared to the Hong Kong market (8.9x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 216's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 216 is good value based on its PB Ratio (0.1x) compared to the HK Real Estate industry average (0.4x).


Future Growth

How is Chinney Investments forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

15.6%

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 Chinney Investments 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.


Past Performance

How has Chinney Investments performed over the past 5 years?

-39.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 216 has high quality earnings.

Growing Profit Margin: 216 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 216's earnings have declined by 39.7% per year over the past 5 years.

Accelerating Growth: 216 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 216 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Real Estate industry (22.3%).


Return on Equity

High ROE: 216's Return on Equity (1%) is considered low.


Financial Health

How is Chinney Investments's financial position?


Financial Position Analysis

Short Term Liabilities: 216's short term assets (HK$4.3B) exceed its short term liabilities (HK$3.5B).

Long Term Liabilities: 216's short term assets (HK$4.3B) do not cover its long term liabilities (HK$5.3B).


Debt to Equity History and Analysis

Debt Level: 216's net debt to equity ratio (35.8%) is considered satisfactory.

Reducing Debt: 216's debt to equity ratio has reduced from 77.3% to 49.7% over the past 5 years.

Debt Coverage: 216's debt is not well covered by operating cash flow (3.7%).

Interest Coverage: 216's interest payments on its debt are not well covered by EBIT (2.7x coverage).


Balance Sheet


Dividend

What is Chinney Investments's current dividend yield, its reliability and sustainability?

3.12%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 216's dividend (3.12%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.38%).

High Dividend: 216's dividend (3.12%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.06%).


Stability and Growth of Payments

Stable Dividend: 216's dividends per share have been stable in the past 10 years.

Growing Dividend: 216's dividend payments have not increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (33.3%), 216's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

3.8yrs

Average management tenure


CEO

Zuric Chan (66 yo)

3.75yrs

Tenure

HK$9,090,000

Compensation

Mr. Yuen-Keung Chan, also known as Zuric, has been an Managing Director & Executive Director of Chinney Investments Ltd. since April 01, 2018 and has been its Vice Chairman since 13 July 2018. Mr. Chan has...


CEO Compensation Analysis

Compensation vs Market: Zuric's total compensation ($USD1.17M) is above average for companies of similar size in the Hong Kong market ($USD232.74K).

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


Leadership Team

Experienced Management: 216's management team is considered experienced (3.8 years average tenure).


Board Members

Experienced Board: 216's board of directors are considered experienced (4 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

Chinney Investments, Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Chinney Investments, Limited
  • Ticker: 216
  • Exchange: SEHK
  • Founded: 1959
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Implied Market Cap: HK$882.189m
  • Shares outstanding: 551.37m
  • Website: https://www.chinney.com.hk

Number of Employees


Location

  • Chinney Investments, Limited
  • Wing On Centre
  • 23rd Floor
  • Central
  • Hong Kong

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/26 10:03
End of Day Share Price2022/01/26 00:00
Earnings2021/09/30
Annual Earnings2021/03/31


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.