SEHK:221

Stock Analysis Report

Easy One Financial Group

Executive Summary

Easy One Financial Group Limited, an investment holding company, primarily operates as a property development company in the People's Republic of China.

Rewards

Trading at 97.4% below its fair value

Earnings grew by 26.4% over the past year

Risk Analysis

Earnings have declined by -34.36% per year over past 5 years

Shareholders have been diluted in the past year

Does not have a meaningful market cap (HK$231M)



Snowflake Analysis

Flawless balance sheet and good value.

Share Price & News

How has Easy One Financial Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 221 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

6.0%

221

-2.8%

HK Real Estate

-1.4%

HK Market


1 Year Return

27.5%

221

4.1%

HK Real Estate

3.5%

HK Market

Return vs Industry: 221 exceeded the Hong Kong Real Estate industry which returned 6.7% over the past year.

Return vs Market: 221 exceeded the Hong Kong Market which returned 6.4% over the past year.


Shareholder returns

221IndustryMarket
7 Day6.0%-2.8%-1.4%
30 Day-2.2%-0.6%1.8%
90 Day2.3%6.3%6.0%
1 Year27.5%27.5%8.7%4.1%7.3%3.5%
3 Year7.3%7.3%53.2%36.9%23.3%10.8%
5 Year-70.0%-74.0%65.1%37.2%19.2%-0.7%

Price Volatility Vs. Market

How volatile is Easy One Financial Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Easy One Financial Group 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: 221 (HK$0.42) is trading below our estimate of fair value (HK$16.22)

Significantly Below Fair Value: 221 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 221 is poor value based on its PE Ratio (9.7x) compared to the Real Estate industry average (6.9x).

PE vs Market: 221 is good value based on its PE Ratio (9.7x) compared to the Hong Kong market (10.5x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 221's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 221 is good value based on its PB Ratio (0.2x) compared to the HK Real Estate industry average (0.5x).


Next Steps

Future Growth

How is Easy One Financial Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

7.0%

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 Easy One Financial Group 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 Easy One Financial Group performed over the past 5 years?

-34.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 221 has high quality earnings.

Growing Profit Margin: 221's current net profit margins (19.1%) are higher than last year (12.2%).


Past Earnings Growth Analysis

Earnings Trend: 221's earnings have declined by -34.4% per year over the past 5 years.

Accelerating Growth: 221's earnings growth over the past year (26.4%) exceeds its 5-year average (-34.4% per year).

Earnings vs Industry: 221 earnings growth over the past year (26.4%) exceeded the Real Estate industry -9.9%.


Return on Equity

High ROE: 221's Return on Equity (2.1%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Easy One Financial Group's financial position?


Financial Position Analysis

Short Term Liabilities: 221's short term assets (HK$1.2B) exceed its short term liabilities (HK$437.6M).

Long Term Liabilities: 221's short term assets (HK$1.2B) exceed its long term liabilities (HK$59.8M).


Debt to Equity History and Analysis

Debt Level: 221's debt to equity ratio (28%) is considered satisfactory.

Reducing Debt: 221's debt to equity ratio has reduced from 48.4% to 28% over the past 5 years.

Debt Coverage: 221's debt is well covered by operating cash flow (71.1%).

Interest Coverage: 221's interest payments on its debt are well covered by EBIT (6.7x coverage).


Balance Sheet

Inventory Level: 221 has a high level of physical assets or inventory.

Debt Coverage by Assets: 221's debt is covered by short term assets (assets are 3.7x debt).


Next Steps

Dividend

What is Easy One Financial Group's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%2.2%markettop25%6.1%industryaverage4.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate 221's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 221's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 221's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 221's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 221 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 221's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

What is the CEO of Easy One Financial Group's salary, the management and board of directors tenure and is there insider trading?

12.2yrs

Average board tenure


CEO

Thomas Chan (55yo)

13yrs

Tenure

HK$2,078,000

Compensation

Mr. Chun Hong Chan, also known as Thomas, has been the Managing Director of Easy One Financial Group Limited since January 2007. Mr. Chan has been the Chief Executive Officer of China Agri-Products Exchang ...


CEO Compensation Analysis

Compensation vs Market: Thomas's total compensation ($USD267.26K) is about average for companies of similar size in the Hong Kong market ($USD228.16K).

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


Board Age and Tenure

12.2yrs

Average Tenure

59yo

Average Age

Experienced Board: 221's board of directors are seasoned and experienced ( 12.2 years average tenure).


Insider Trading

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 been diluted in the past year, with total shares outstanding growing by 3.7%.


Management Team

  • Thomas Chan (55yo)

    Chairman & MD

    • Tenure: 13yrs
    • Compensation: HK$2.08m
  • Alvin Cheung (63yo)

    Executive Director

    • Tenure: 13yrs
    • Compensation: HK$252.00k
  • - Stephanie (32yo)

    Executive Director

    • Tenure: 3.7yrs
    • Compensation: HK$1.37m
  • Ming Ho Chiu

    Financial Controller & Company Secretary

    • Tenure: 0.7yrs

Board Members

  • Thomas Chan (55yo)

    Chairman & MD

    • Tenure: 13yrs
    • Compensation: HK$2.08m
  • Kenneth Sin (51yo)

    Independent Non-Executive Director

    • Tenure: 13yrs
    • Compensation: HK$180.00k
  • Alvin Cheung (63yo)

    Executive Director

    • Tenure: 13yrs
    • Compensation: HK$252.00k
  • Joseph Cheung (67yo)

    Independent Non-Executive Director

    • Tenure: 12.8yrs
    • Compensation: HK$210.00k
  • - Stephanie (32yo)

    Executive Director

    • Tenure: 3.7yrs
    • Compensation: HK$1.37m
  • Hung Tak Wong (64yo)

    Independent Non-Executive Director

    • Tenure: 2.2yrs
    • Compensation: HK$180.00k

Company Information

Easy One Financial Group Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Easy One Financial Group Limited
  • Ticker: 221
  • Exchange: SEHK
  • Founded:
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: HK$242.048m
  • Shares outstanding: 556.43m
  • Website: https://www.easyonefg.com

Number of Employees


Location

  • Easy One Financial Group Limited
  • Skyline Tower
  • Suite 3202
  • Kowloon Bay
  • Kowloon
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
221SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDNov 2002

Biography

Easy One Financial Group Limited, an investment holding company, primarily operates as a property development company in the People's Republic of China. It develops residential and commercial properties. The company also provides money lending services, including mortgage and personal loans; and securities brokerage services. In addition, it invests in securities; and offers administrative services. The company was formerly known as PNG Resources Holdings Limited and changed its name to Easy One Financial Group Limited in November 2015. Easy One Financial Group Limited is headquartered in Kowloon Bay, Hong Kong. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/01/23 12:41
End of Day Share Price2020/01/23 00:00
Earnings2019/09/30
Annual Earnings2019/03/31


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.