SEHK:3992

Stock Analysis Report

Creative Enterprise Holdings

Executive Summary

Creative Enterprise Holdings Limited, an investment holding company, provides property management services for public housing and residential properties in Hong Kong.


Snowflake Analysis

Adequate balance sheet with poor track record.

Share Price & News

How has Creative Enterprise Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 3992 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.1%

3992

1.3%

HK Real Estate

0.6%

HK Market


1 Year Return

0%

3992

-4.2%

HK Real Estate

-4.5%

HK Market

Return vs Industry: 3992 exceeded the Hong Kong Real Estate industry which returned -4.2% over the past year.

Return vs Market: 3992 exceeded the Hong Kong Market which returned -4.5% over the past year.


Shareholder returns

3992IndustryMarket
7 Day-1.1%1.3%0.6%
30 Day-4.1%-6.3%-5.2%
90 Day0%2.1%2.3%
1 Year0%0%0.1%-4.2%-1.0%-4.5%
3 Yearn/a44.3%28.9%14.4%2.9%
5 Yearn/a65.4%35.4%15.5%-3.8%

Price Volatility Vs. Market

How volatile is Creative Enterprise Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Creative Enterprise Holdings undervalued compared to its fair value and its price relative to the market?

20.49x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 3992's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 3992's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 3992 is poor value based on its PE Ratio (20.5x) compared to the Real Estate industry average (6.7x).

PE vs Market: 3992 is poor value based on its PE Ratio (20.5x) compared to the Hong Kong market (10.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 3992's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 3992 is overvalued based on its PB Ratio (1.7x) compared to the HK Real Estate industry average (0.5x).


Next Steps

Future Growth

How is Creative Enterprise Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

7.5%

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 Creative Enterprise Holdings 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 Creative Enterprise Holdings performed over the past 5 years?

6.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 3992 has a large one-off loss of HK$12.4M impacting its September 30 2019 financial results.

Growing Profit Margin: 3992's current net profit margins (2.9%) are lower than last year (5.4%).


Past Earnings Growth Analysis

Earnings Trend: 3992's earnings have grown by 6% per year over the past 5 years.

Accelerating Growth: 3992's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 3992 had negative earnings growth (-42.6%) over the past year, making it difficult to compare to the Real Estate industry average (-9.7%).


Return on Equity

High ROE: 3992's Return on Equity (7.8%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Creative Enterprise Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 3992's short term assets (HK$324.1M) exceed its short term liabilities (HK$83.3M).

Long Term Liabilities: 3992's short term assets (HK$324.1M) exceed its long term liabilities (HK$13.5M).


Debt to Equity History and Analysis

Debt Level: 3992's debt to equity ratio (7.4%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if 3992's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 3992's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 3992's interest payments on its debt are well covered by EBIT (46.6x coverage).


Balance Sheet

Inventory Level: 3992 has a low level of unsold assets or inventory.

Debt Coverage by Assets: 3992's debt is covered by short term assets (assets are 15.7x debt).


Next Steps

Dividend

What is Creative Enterprise Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.3%markettop25%6.4%industryaverage4.3%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate 3992's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 3992'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 3992's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 3992's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 3992'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?

1.7yrs

Average management tenure


CEO

Albert Lee 0

HK$664,000

Compensation

Mr. Lee Siu Wah, also known as Albert, serves as Chief Executive Officer of Creative Enterprise Holdings Limited and has been its Executive Director since June 26, 2018. Mr. Lee is responsible for corporat ...


CEO Compensation Analysis

Compensation vs Market: Albert's total compensation ($USD85.48K) is below average for companies of similar size in the Hong Kong market ($USD225.70K).

Compensation vs Earnings: Albert's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Kin Leung Poon
Chairman1.7yrsHK$815.00kno data
Siu Wah Lee
CEO & Executive Director0yrsHK$664.00kno data
King Cheung Wong
Executive Director1.8yrsHK$515.00kno data
Wai Man Lai
Executive Director1.8yrsHK$634.01kno data
Ka Chai Wu
Executive Director1.8yrsHK$565.00kno data
Siu Hung Lam
Executive Director1.8yrsHK$805.32kno data
Man Fai Leung
Company Secretary1.8yrsno datano data

1.7yrs

Average Tenure

60yo

Average Age

Experienced Management: 3992's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Kin Leung Poon
Chairman1.7yrsHK$815.00kno data
Siu Wah Lee
CEO & Executive Director0yrsHK$664.00kno data
King Cheung Wong
Executive Director1.8yrsHK$515.00kno data
Wai Man Lai
Executive Director1.8yrsHK$634.01kno data
Ka Chai Wu
Executive Director1.8yrsHK$565.00kno data
Siu Hung Lam
Executive Director1.8yrsHK$805.32kno data
Chung Kin Wong
Independent Non-Executive Director1.3yrsHK$55.00kno data
Yiu Ming Tang
Independent Non-Executive Director1.3yrsHK$55.00kno data
Si Yuen Wong
Independent Non-Executive Director1.3yrsHK$55.00kno data

1.7yrs

Average Tenure

59.5yo

Average Age

Experienced Board: 3992's board of directors are not considered experienced ( 1.7 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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 26.8%.


Top Shareholders

Company Information

Creative Enterprise Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Creative Enterprise Holdings Limited
  • Ticker: 3992
  • Exchange: SEHK
  • Founded: 2018
  • Industry: Real Estate Services
  • Sector: Real Estate
  • Market Cap: HK$465.000m
  • Shares outstanding: 500.00m
  • Website: https://www.cpsc.hk

Number of Employees


Location

  • Creative Enterprise Holdings Limited
  • Vigor Industrial Building
  • Units E & F, 25th Floor
  • Kwai Chung
  • New Territories
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
3992SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDDec 2018

Biography

Creative Enterprise Holdings Limited, an investment holding company, provides property management services for public housing and residential properties in Hong Kong. It also provides stand-alone security and cleaning, secondment, and window inspection services; and consultancy services related to as-built drawings of public housing estates. The company was incorporated in 2018 and is headquartered in Kwai Chung, Hong Kong. Creative Enterprise Holdings Limited is a subsidiary of Genesis Group Limited. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/19 13:24
End of Day Share Price2020/02/18 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.