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9968

Huijing Holdings SEHK:9968 Stock Report

Last Price

HK$0.23

Market Cap

HK$1.2b

7D

-6.4%

1Y

-88.1%

Updated

07 Aug, 2022

Data

Company Financials
9968 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance1/6
Financial Health5/6
Dividends3/6

9968 Stock Overview

Huijing Holdings Company Limited, an investment holding company, engages in the property development and investment activities primarily in Mainland China.

Huijing Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Huijing Holdings
Historical stock prices
Current Share PriceHK$0.23
52 Week HighHK$2.05
52 Week LowHK$0.15
Beta-0.35
1 Month Change-86.69%
3 Month Change-87.87%
1 Year Change-88.11%
3 Year Changen/a
5 Year Changen/a
Change since IPO-88.05%

Recent News & Updates

Jun 27
Huijing Holdings' (HKG:9968) Dividend Will Be Reduced To HK$0.025

Huijing Holdings' (HKG:9968) Dividend Will Be Reduced To HK$0.025

Huijing Holdings Company Limited's ( HKG:9968 ) dividend is being reduced to HK$0.025 on the 11th of October. Based on...

Jun 15
These 4 Measures Indicate That Huijing Holdings (HKG:9968) Is Using Debt Extensively

These 4 Measures Indicate That Huijing Holdings (HKG:9968) Is Using Debt Extensively

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...

Shareholder Returns

9968HK Real EstateHK Market
7D-6.4%-1.8%-0.7%
1Y-88.1%-33.1%-20.5%

Return vs Industry: 9968 underperformed the Hong Kong Real Estate industry which returned -33.1% over the past year.

Return vs Market: 9968 underperformed the Hong Kong Market which returned -20.5% over the past year.

Price Volatility

Is 9968's price volatile compared to industry and market?
9968 volatility
9968 Average Weekly Movement32.6%
Real Estate Industry Average Movement5.8%
Market Average Movement6.6%
10% most volatile stocks in HK Market12.9%
10% least volatile stocks in HK Market3.1%

Stable Share Price: 9968 is more volatile than 90% of Hong Kong stocks over the past 3 months, typically moving +/- 33% a week.

Volatility Over Time: 9968's weekly volatility has increased from 16% to 33% over the past year.

About the Company

FoundedEmployeesCEOWebsite
2004545Zhao Ming Lunhttps://www.huijingholdings.com

Huijing Holdings Company Limited, an investment holding company, engages in the property development and investment activities primarily in Mainland China. The company focuses on urban renewal projects covering residential, integrated, and industry-specific property projects. It develops residential properties, including townhouses, mansions, and villas, as well as commercial properties comprising retail outlets, shopping malls, offices, and hotels.

Huijing Holdings Fundamentals Summary

How do Huijing Holdings's earnings and revenue compare to its market cap?
9968 fundamental statistics
Market CapCN¥1.05b
Earnings (TTM)CN¥256.14m
Revenue (TTM)CN¥5.31b

4.1x

P/E Ratio

0.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
9968 income statement (TTM)
RevenueCN¥5.31b
Cost of RevenueCN¥3.64b
Gross ProfitCN¥1.67b
Other ExpensesCN¥1.41b
EarningsCN¥256.14m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.049
Gross Margin31.40%
Net Profit Margin4.82%
Debt/Equity Ratio106.1%

How did 9968 perform over the long term?

See historical performance and comparison

Dividends

10.3%

Current Dividend Yield

41%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 9968 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings 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 9968?

Other financial metrics that can be useful for relative valuation.

9968 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/Revenue0.7x
Enterprise Value/EBITDA3.6x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 9968's PE Ratio compare to its peers?

9968 PE Ratio vs Peers
The above table shows the PE ratio for 9968 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average6.2x
131 Cheuk Nang (Holdings)
16.3xn/aHK$1.6b
199 ITC Properties Group
1.7xn/aHK$986.4m
832 Central China Real Estate
2.6x-4.3%HK$1.8b
298 Chuang's China Investments
4.3xn/aHK$974.0m
9968 Huijing Holdings
4.1xn/aHK$1.2b

Price-To-Earnings vs Peers: 9968 is good value based on its Price-To-Earnings Ratio (4.1x) compared to the peer average (6.2x).


Price to Earnings Ratio vs Industry

How does 9968's PE Ratio compare vs other companies in the HK Real Estate Industry?

Price-To-Earnings vs Industry: 9968 is good value based on its Price-To-Earnings Ratio (4.1x) compared to the Hong Kong Real Estate industry average (5.7x)


Price to Earnings Ratio vs Fair Ratio

What is 9968's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

9968 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio4.1x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 9968's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 9968 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 9968 (HK$0.23) is trading below our estimate of fair value (HK$0.35)

Significantly Below Fair Value: 9968 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 Huijing Holdings 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


10.1%

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 Huijing 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.


Discover growth companies

  • Examine whether Huijing Holdings is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • Huijing Holdings competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Huijing Holdings performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


9.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 9968 has a high level of non-cash earnings.

Growing Profit Margin: 9968's current net profit margins (4.8%) are lower than last year (10%).


Past Earnings Growth Analysis

Earnings Trend: 9968's earnings have grown by 9% per year over the past 5 years.

Accelerating Growth: 9968's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 9968 had negative earnings growth (-50.4%) over the past year, making it difficult to compare to the Real Estate industry average (17%).


Return on Equity

High ROE: 9968's Return on Equity (12.9%) is considered low.


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Financial Health

How is Huijing Holdings's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 9968's short term assets (CN¥12.3B) exceed its short term liabilities (CN¥8.6B).

Long Term Liabilities: 9968's short term assets (CN¥12.3B) exceed its long term liabilities (CN¥2.3B).


Debt to Equity History and Analysis

Debt Level: 9968's net debt to equity ratio (37.1%) is considered satisfactory.

Reducing Debt: 9968's debt to equity ratio has reduced from 565.5% to 106.1% over the past 5 years.

Debt Coverage: 9968's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 9968's interest payments on its debt are well covered by EBIT (8.8x coverage).


Balance Sheet


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Dividend

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

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


10.33%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 9968's dividend (10.33%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.87%).

High Dividend: 9968's dividend (10.33%) is in the top 25% of dividend payers in the Hong Kong market (8.36%)


Stability and Growth of Payments

Stable Dividend: Too early to tell whether 9968's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if 9968's dividend payments are increasing as they only just started paying a dividend.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (41.4%), 9968's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: 9968 is paying a dividend but the company has no free cash flows.


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Management

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

2.7yrs

Average board tenure


CEO

Zhao Ming Lun (57 yo)

no data

Tenure

Mr. Zhao Ming Lun serves as Chief Executive Officer at Huijing Holdings Co. Ltd. He has been Executive Director at Huijing Holdings Co. Ltd. since March 25, 2019.Mr. Lun graduated from Sun Yat-Sen Univers...


Board Members

Experienced Board: 9968's board of directors are not considered experienced ( 2.7 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: 9968 insiders have only sold shares 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

Huijing Holdings Company Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Huijing Holdings Company Limited
  • Ticker: 9968
  • Exchange: SEHK
  • Founded: 2004
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Implied Market Cap: HK$1.224b
  • Shares outstanding: 5.25b
  • Website: https://www.huijingholdings.com

Number of Employees


Location

  • Huijing Holdings Company Limited
  • 1, Beihuan Lu
  • Houjiezhen
  • Dongguan
  • Guangdong Province
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/07 00:00
End of Day Share Price2022/08/05 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.