SEHK:3669

Stock Analysis Report

China Yongda Automobiles Services Holdings

Executive Summary

China Yongda Automobiles Services Holdings Limited, an investment holding company, operates as a passenger vehicle retailer and service provider.

Snowflake

Fundamentals

Excellent balance sheet and fair value.


Similar Companies

Share Price & News

How has China Yongda Automobiles Services Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

2.8%

3669

0.2%

HK Specialty Retail

2.2%

HK Market


1 Year Return

5.7%

3669

-4.8%

HK Specialty Retail

-1.3%

HK Market

Return vs Industry: 3669 exceeded the Hong Kong Specialty Retail industry which returned -4.8% over the past year.

Return vs Market: 3669 exceeded the Hong Kong Market which returned -1.3% over the past year.


Share holder returns

3669IndustryMarket
7 Day2.8%0.2%2.2%
30 Day-5.4%-5.0%-2.9%
90 Day-7.9%-8.9%-5.8%
1 Year10.0%5.7%0.3%-4.8%2.3%-1.3%
3 Year91.4%72.7%19.4%5.9%15.6%3.9%
5 Year12.6%-3.8%-9.7%-27.1%20.1%0.06%

Price Volatility Vs. Market

How volatile is China Yongda Automobiles Services Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is China Yongda Automobiles Services Holdings undervalued based on future cash flows and its price relative to the stock market?

8.71x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Undervalued: 3669 (HK$6.63) is trading above our estimate of fair value (HK$6.21)

Significantly Undervalued: 3669 is trading above our estimate of fair value.


Price Based on Earnings

PE vs Industry: 3669 is good value based on its PE Ratio (8.7x) compared to the Specialty Retail industry average (11.7x).

PE vs Market: 3669 is good value based on its PE Ratio (8.7x) compared to the Hong Kong market (10.3x).


Price Based on Expected Growth

Low PEG Ratio: 3669 is good value based on its PEG Ratio (0.4x)


Price Based on Value of Assets

PB vs Industry: 3669 is overvalued based on its PB Ratio (1.2x) compared to the HK Specialty Retail industry average (0.7x).


Next Steps

Future Growth

How is China Yongda Automobiles Services Holdings expected to perform in the next 1 to 3 years based on estimates from 19 analysts?

21.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: 3669's forecast earnings growth (21.1% per year) is above the savings rate (2%).

Earnings vs Market: 3669's earnings (21.1% per year) are forecast to grow faster than the Hong Kong market (11.2% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 3669's revenue (8.8% per year) is forecast to grow slower than the Hong Kong market (10.1% per year).

High Growth Revenue: 3669's revenue (8.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Estimates


Future Return on Equity

High Future ROE: 3669's Return on Equity is forecast to be low in 3 years time (18%).


Next Steps

Past Performance

How has China Yongda Automobiles Services Holdings performed over the past 5 years?

24.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 3669's earnings have grown significantly by 24% per year over the past 5 years.

Accelerating Growth: 3669's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 3669 had negative earnings growth (-20.1%) over the past year, making it difficult to compare to the Specialty Retail industry average (1.4%).


Return on Equity

High ROE: 3669's Return on Equity (13.8%) is considered low.


Return on Assets

ROA vs Industry: 3669's Return on Assets is below or equal to the Specialty Retail industry average last year.


Return on Capital Employed

ROCE Improving: 3669 has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is China Yongda Automobiles Services Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 3669's short term assets (CN¥18.5B) exceeds its short term liabilities (CN¥17.9B)

Long Term Liabilities: 3669's short term assets (18.5B) exceeds its long term liabilities (4.5B)


Debt to Equity History and Analysis

Debt Level: 3669's debt to equity ratio (131.5%) is considered high

Reducing Debt: 3669's debt to equity ratio has reduced from 171.9% to 131.5% over the past 5 years.

Debt Coverage: 3669's debt is well covered by operating cash flow (33.1%).

Interest Coverage: 3669's interest payments on its debt are well covered by EBIT (3.3x coverage).


Balance Sheet

Inventory Level: 3669 has a high level of physical assets or inventory.

Debt Coverage by Assets: 3669's debt is covered by short term assets (assets are 1.452980x debt).


Next Steps

Dividend

What is China Yongda Automobiles Services Holdings's current dividend yield, its reliability and sustainability?

5.74%

Expected Dividend Yield


Dividend Yield vs Market

company3.8%marketbottom25%2.3%markettop25%6.3%industryaverage6.0%forecastin3Years5.7%

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: 3669's dividend (3.76%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.25%).

High Dividend: 3669's dividend (3.76%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.35%).

Stable Dividend: Whilst dividend payments have been stable, 3669 has been paying a dividend for less than 10 years.

Growing Dividend: 3669's dividend payments have increased, but the company has only paid a dividend for 6 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (32.7%), 3669's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 3669's dividends in 3 years are forecast to be well covered by earnings (32.9% payout ratio).


Next Steps

Management

What is the CEO of China Yongda Automobiles Services Holdings's salary, the management and board of directors tenure and is there insider trading?

3.8yrs

Average management tenure


CEO

Yingjie Cai (51yo)

4.6yrs

Tenure

CN¥1,748,000

Compensation

Mr. Yingjie Cai has been Vice Chairman and Chief Executive Officer of China Yongda Automobiles Services Holdings Limited since March 23, 2015. Mr. Cai served as General Manager of China Yongda Automobiles  ...


CEO Compensation Analysis

Compensation vs. Market: Yingjie's total compensation ($USD246.61K) is below average for companies of similar size in the Hong Kong market ($USD492.11K).

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


Management Age and Tenure

3.8yrs

Average Tenure

47yo

Average Age

Experienced Management: 3669's management team is considered experienced (3.8 years average tenure).


Board Age and Tenure

4.6yrs

Average Tenure

52yo

Average Age

Experienced Board: 3669's board of directors are considered experienced (4.6 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.


Recent Insider Transactions

SellCN¥2,225,45426 Apr 19
Eastspring Investments (Singapore) Limited
EntityCompany
Shares311,000
Max PriceCN¥7.16
BuyCN¥11,216,74302 Apr 19
Eastspring Investments (Singapore) Limited
EntityCompany
Shares1,867,000
Max PriceCN¥6.01
SellCN¥7,007,31907 Mar 19
Eastspring Investments (Singapore) Limited
EntityCompany
Shares1,126,000
Max PriceCN¥6.22
BuyCN¥6,146,82218 Feb 19
Eastspring Investments (Singapore) Limited
EntityCompany
Shares1,160,500
Max PriceCN¥5.30
BuyCN¥16,682,85802 Nov 18
Tak On Cheung
EntityIndividual
Role
Chairman of the Board
Chairman of the Board of Directors
Shares3,968,000
Max PriceCN¥4.22
BuyCN¥210,00001 Nov 18
Yi Chen
EntityIndividual
Role
Member of the Board of Directors
VP & Executive Director
Shares50,000
Max PriceCN¥4.20
BuyCN¥8,788,59701 Nov 18
Tak On Cheung
EntityIndividual
Role
Chairman of the Board
Chairman of the Board of Directors
Shares2,032,000
Max PriceCN¥4.33
BuyCN¥229,00031 Oct 18
Yi Chen
EntityIndividual
Role
Member of the Board of Directors
VP & Executive Director
Shares50,000
Max PriceCN¥4.58
BuyCN¥919,99931 Oct 18
Zhigao Wang
EntityIndividual
Role
Vice Chairman
Vice Chairman
Shares200,000
Max PriceCN¥4.60
BuyCN¥9,160,80831 Oct 18
Tak On Cheung
EntityIndividual
Role
Chairman of the Board
Chairman of the Board of Directors
Shares2,000,000
Max PriceCN¥4.58

Ownership Breakdown


Management Team

  • Mandy Mok (47yo)

    Joint Company Secretary

    • Tenure: 7.8yrs
  • Tak On Cheung (52yo)

    Chairman of the Board of Directors

    • Tenure: 0yrs
    • Compensation: CN¥2.70m
  • Yingjie Cai (51yo)

    Vice Chairman & CEO

    • Tenure: 4.6yrs
    • Compensation: CN¥1.75m
  • Zhigao Wang (50yo)

    Vice Chairman

    • Tenure: 4.6yrs
    • Compensation: CN¥1.72m
  • Yue Xu (43yo)

    President & Executive Director

    • Tenure: 4.6yrs
    • Compensation: CN¥4.06m
  • Yi Chen (46yo)

    VP & Executive Director

    • Tenure: 4.6yrs
    • Compensation: CN¥2.48m
  • Hong Zhang (35yo)

    Director of Legal Department & Joint Company Secretary

    • Tenure: 1.6yrs

Board Members

  • Li-Qun Wang (65yo)

    Non-Executive Director

    • Tenure: 7.8yrs
    • Compensation: CN¥269.00k
  • Tak On Cheung (52yo)

    Chairman of the Board of Directors

    • Tenure: 0yrs
    • Compensation: CN¥2.70m
  • Yingjie Cai (51yo)

    Vice Chairman & CEO

    • Tenure: 4.6yrs
    • Compensation: CN¥1.75m
  • Zhigao Wang (50yo)

    Vice Chairman

    • Tenure: 4.6yrs
    • Compensation: CN¥1.72m
  • Yue Xu (43yo)

    President & Executive Director

    • Tenure: 4.6yrs
    • Compensation: CN¥4.06m
  • Wei Lyu (54yo)

    Independent Non-Executive Director

    • Tenure: 7.8yrs
    • Compensation: CN¥269.00k
  • Yi Chen (46yo)

    VP & Executive Director

    • Tenure: 4.6yrs
    • Compensation: CN¥2.48m
  • Anna Dezhen Zhu (61yo)

    Independent Non-Executive Director

    • Tenure: 4.4yrs
    • Compensation: CN¥269.00k
  • Binrui Mu (62yo)

    Independent Non-Executive Director

    • Tenure: 0.8yrs

Company Information

China Yongda Automobiles Services Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: China Yongda Automobiles Services Holdings Limited
  • Ticker: 3669
  • Exchange: SEHK
  • Founded: 2011
  • Industry: Automotive Retail
  • Sector: Retail
  • Market Cap: HK$12.215b
  • Shares outstanding: 1.84b
  • Website: https://www.ydauto.com.cn

Number of Employees


Location

  • China Yongda Automobiles Services Holdings Limited
  • 299 Ruijin Nan Road
  • Huangpu District
  • Shanghai
  • 200023
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
3669SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJul 2012
1CYDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJul 2012
CYYH.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJul 2012
3669SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesOrdinary SharesHKHKDJul 2012
3669SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesOrdinary SharesHKHKDJul 2012

Biography

China Yongda Automobiles Services Holdings Limited, an investment holding company, operates as a passenger vehicle retailer and service provider. The company focuses on luxury and ultra-luxury brands. It o ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 12:51
End of Day Share Price2019/10/14 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.

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