Chuang's Consortium International (SEHK:367) - Share price, News & Analysis

Q: What is the Fair Price of 367 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

367 (HK$1.1) is trading below our estimate of [[fair value]] (HK$10.63)

367 fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	0/6
Financial Health	4/6
Dividends	2/6

367 Stock Overview

Rewards

Trading at 89.7% below our estimate of its fair value

Risk Analysis

Earnings have declined by 53.4% per year over past 5 years

Dividend of 3.64% is not well covered by earnings

Chuang's Consortium International Competitors

Zhenro Properties Group

SEHK:6158

HK$1.8b

Central China Real Estate

SEHK:832

HK$1.9b

Greenland Hong Kong Holdings

SEHK:337

HK$2.4b

Hon Kwok Land Investment Company

SEHK:160

HK$1.7b

Price History & Performance

Summary of all time highs, changes and price drops for Chuang's Consortium International
Historical stock prices
Current Share Price	HK$1.10
52 Week High	HK$1.17
52 Week Low	HK$0.80
Beta	0.47
1 Month Change	5.77%
3 Month Change	34.15%
1 Year Change	20.88%
3 Year Change	-30.82%
5 Year Change	-36.78%
Change since IPO	-3.85%

Shareholder Returns

	367	HK Real Estate	HK Market
7D	0.9%	-0.2%	0.2%
1Y	20.9%	-35.0%	-21.9%

Return vs Industry: 367 exceeded the Hong Kong Real Estate industry which returned -35% over the past year.

Return vs Market: 367 exceeded the Hong Kong Market which returned -21.9% over the past year.

Price Volatility

Is 367's price volatile compared to industry and market?
367 volatility
367 Average Weekly Movement	4.9%
Real Estate Industry Average Movement	5.8%
Market Average Movement	6.6%
10% most volatile stocks in HK Market	12.8%
10% least volatile stocks in HK Market	3.2%

Stable Share Price: 367 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: 367's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1970	280	Albert Chuang	https://www.chuangs-consortium.com

Chuang's Consortium International Limited, an investment holding company, primarily engages in the property development, investment, and trading operations in Hong Kong, the People’s Republic of China, the United Kingdom, Vietnam, and internationally. It owns a portfolio of investment properties comprising retail, office, residential, hotel, and commercial/industrial buildings, as well as carparking spaces. The company is also involved in the securities investment and trading; money lending; project management; hiring of assets and trading of merchandises; and the provision of property agency, property management, and nominee and secretarial services.

Chuang's Consortium International Fundamentals Summary

How do Chuang's Consortium International's earnings and revenue compare to its market cap?
367 fundamental statistics
Market Cap	HK$1.84b
Earnings (TTM)	-HK$839.31m
Revenue (TTM)	HK$634.21m

2.9x

P/S Ratio

-2.2x

P/E Ratio

Is 367 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
367 income statement (TTM)
Revenue	HK$634.21m
Cost of Revenue	HK$224.50m
Gross Profit	HK$409.71m
Other Expenses	HK$1.25b
Earnings	-HK$839.31m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	-0.50
Gross Margin	64.60%
Net Profit Margin	-132.34%
Debt/Equity Ratio	43.6%

How did 367 perform over the long term?

See historical performance and comparison

Dividends

3.6%

Current Dividend Yield

-8%

Payout Ratio

Does 367 pay a reliable dividends?

See 367 dividend history and benchmarks

When do you need to buy 367 by to receive an upcoming dividend?
Chuang's Consortium International dividend dates
Ex Dividend Date	Sep 06 2022
Dividend Pay Date	Sep 27 2022
Days until Ex dividend	27 days
Days until Dividend pay date	48 days

Does 367 pay a reliable dividends?

See 367 dividend history and benchmarks

We’ve recently updated our valuation analysis.

Valuation

Is 367 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 367?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for 367. This is calculated by dividing 367's market cap by their current preferred multiple.
What is 367's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	HK$1.84b

367 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	6.2x
Enterprise Value/EBITDA	56.8x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 367's PS Ratio compare to its peers?

367 PS Ratio vs Peers

The above table shows the PS ratio for 367 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PS	Estimated Growth	Market Cap
Peer Average	0.4x
6158 Zhenro Properties Group	0.04x	-10.7%	HK$1.8b
832 Central China Real Estate	0.04x	2.9%	HK$1.9b
337 Greenland Hong Kong Holdings	0.06x	n/a	HK$2.4b
160 Hon Kwok Land Investment Company	1.6x	n/a	HK$1.7b
367 Chuang's Consortium International	2.9x	n/a	HK$1.8b

Price-To-Sales vs Peers: 367 is expensive based on its Price-To-Sales Ratio (2.9x) compared to the peer average (0.4x).

Price to Earnings Ratio vs Industry

How does 367's PE Ratio compare vs other companies in the HK Real Estate Industry?

Price-To-Sales vs Industry: 367 is expensive based on its Price-To-Sales Ratio (2.9x) compared to the Hong Kong Real Estate industry average (0.9x)

Price to Sales Ratio vs Fair Ratio

What is 367's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

367 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	2.9x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 367's Price-To-Sales Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of 367 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 367 (HK$1.1) is trading below our estimate of fair value (HK$10.63)

Significantly Below Fair Value: 367 is trading below fair value by more than 20%.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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Future Growth

How is Chuang's Consortium International forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

9.4%

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 Chuang's Consortium International 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.

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Examine Chuang's Consortium International's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
Chuang's Consortium International competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Chuang's Consortium International performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-53.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 367 is currently unprofitable.

Growing Profit Margin: 367 is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: 367 is unprofitable, and losses have increased over the past 5 years at a rate of 53.4% per year.

Accelerating Growth: Unable to compare 367's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 367 is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (17%).

Return on Equity

High ROE: 367 has a negative Return on Equity (-6%), as it is currently unprofitable.

Discover strong past performing companies

Financial Health

How is Chuang's Consortium International's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: 367's short term assets (HK$7.9B) exceed its short term liabilities (HK$2.5B).

Long Term Liabilities: 367's short term assets (HK$7.9B) exceed its long term liabilities (HK$4.1B).

Debt to Equity History and Analysis

Debt Level: 367's net debt to equity ratio (2%) is considered satisfactory.

Reducing Debt: 367's debt to equity ratio has reduced from 53% to 43.6% over the past 5 years.

Debt Coverage: 367's debt is not well covered by operating cash flow (8.6%).

Interest Coverage: 367's interest payments on its debt are not well covered by EBIT (0.3x coverage).

Balance Sheet

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Dividend

What is Chuang's Consortium International current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage

3.64%

Current Dividend Yield

Upcoming Dividend Payment

Dividend Yield vs Market

Notable Dividend: 367's dividend (3.64%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.84%).

High Dividend: 367's dividend (3.64%) is low compared to the top 25% of dividend payers in the Hong Kong market (8.38%).

Stability and Growth of Payments

Stable Dividend: 367's dividend payments have been volatile in the past 10 years.

Growing Dividend: 367's dividend payments have fallen over the past 10 years.

Earnings Payout to Shareholders

Earnings Coverage: 367 is paying a dividend but the company is unprofitable.

Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (14.3%), 367's dividend payments are thoroughly covered by cash flows.

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Management

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

3.7yrs

Average management tenure

CEO

Albert Chuang (42 yo)

2.83yrs

Tenure

HK$3,143,000

Compensation

Mr. Ka Pun Chuang, also known as Albert, J.P., has been Chairman and Managing Director at Chuang's Consortium International Limited since October 15, 2019. He served as Vice Chairman at Chuang's Consortium...

CEO Compensation Analysis

Compensation vs Market: Albert's total compensation ($USD400.39K) is above average for companies of similar size in the Hong Kong market ($USD302.88K).

Compensation vs Earnings: Albert's compensation has increased whilst the company is unprofitable.

Leadership Team

Experienced Management: 367's management team is considered experienced (3.7 years average tenure).

Board Members

Experienced Board: 367's board of directors are considered experienced (9.5 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.

Data	Last Updated (UTC time)
Company Analysis	2022/08/09 00:00
End of Day Share Price	2022/08/09 00:00
Earnings	2022/03/31
Annual Earnings	2022/03/31