3836 Stock Overview
China Harmony Auto Holding Limited, an investment holding company, engages in the sale and service of motor vehicles in Mainland China.
China Harmony Auto Holding Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||HK$1.51|
|52 Week High||HK$5.06|
|52 Week Low||HK$1.38|
|1 Month Change||-28.44%|
|3 Month Change||-57.58%|
|1 Year Change||-63.26%|
|3 Year Change||-41.92%|
|5 Year Change||-69.49%|
|Change since IPO||-70.39%|
Recent News & Updates
Calculating The Intrinsic Value Of China Harmony Auto Holding Limited (HKG:3836)
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of China Harmony Auto...
|3836||HK Specialty Retail||HK Market|
Return vs Industry: 3836 underperformed the Hong Kong Specialty Retail industry which returned -39.4% over the past year.
Return vs Market: 3836 underperformed the Hong Kong Market which returned -28.8% over the past year.
|3836 Average Weekly Movement||5.6%|
|Specialty Retail Industry Average Movement||5.7%|
|Market Average Movement||6.4%|
|10% most volatile stocks in HK Market||12.6%|
|10% least volatile stocks in HK Market||3.1%|
Stable Share Price: 3836 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: 3836's weekly volatility (6%) has been stable over the past year.
About the Company
China Harmony Auto Holding Limited, an investment holding company, engages in the sale and service of motor vehicles in Mainland China. The company sells luxury and ultra-luxury passenger vehicles under the BMW, Lexus, Volvo, Audi, MINI, Jaguar, Land Rover, Lincoln, Alfa Romeo, Bentley, Rolls Royce, Ferrari, Lamborghini, and Maserati brands through its 76 dealership outlets. It also offers finance leasing and insurance agency services; and sells pre-owned motor vehicles, as well as imports vehicles.
China Harmony Auto Holding Fundamentals Summary
|3836 fundamental statistics|
Is 3836 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|3836 income statement (TTM)|
|Cost of Revenue||CN¥14.96b|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||-0.41|
|Net Profit Margin||-3.82%|
How did 3836 perform over the long term?See historical performance and comparison
12.4%Current Dividend Yield
Is 3836 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 5/6
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 3836?
Other financial metrics that can be useful for relative valuation.
|What is 3836's n/a Ratio?|
Price to Sales Ratio vs Peers
How does 3836's PS Ratio compare to its peers?
|3836 PS Ratio vs Peers|
|Company||PS||Estimated Growth||Market Cap|
6909 BetterLife Holding
2337 United Strength Power Holdings
1293 Grand Baoxin Auto Group
1771 Sunfonda Group Holdings
3836 China Harmony Auto Holding
Price-To-Sales vs Peers: 3836 is good value based on its Price-To-Sales Ratio (0.1x) compared to the peer average (0.2x).
Price to Earnings Ratio vs Industry
How does 3836's PE Ratio compare vs other companies in the HK Specialty Retail Industry?
Price-To-Sales vs Industry: 3836 is good value based on its Price-To-Sales Ratio (0.1x) compared to the Hong Kong Specialty Retail industry average (0.6x)
Price to Sales Ratio vs Fair Ratio
What is 3836'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.
|Current PS Ratio||0.1x|
|Fair PS Ratio||0.3x|
Price-To-Sales vs Fair Ratio: 3836 is good value based on its Price-To-Sales Ratio (0.1x) compared to the estimated Fair Price-To-Sales Ratio (0.3x).
Share Price vs Fair Value
What is the Fair Price of 3836 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 3836 (HK$1.51) is trading below our estimate of fair value (HK$3.04)
Significantly Below Fair Value: 3836 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: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.
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How is China Harmony Auto Holding forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Future Growth Score4/6
Future Growth Score 4/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 3836 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.6%).
Earnings vs Market: 3836 is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: 3836 is expected to become profitable in the next 3 years.
Revenue vs Market: 3836's revenue (14.3% per year) is forecast to grow faster than the Hong Kong market (9.7% per year).
High Growth Revenue: 3836's revenue (14.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 3836's Return on Equity is forecast to be low in 3 years time (11%).
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How has China Harmony Auto Holding performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 3836 is currently unprofitable.
Growing Profit Margin: 3836 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: 3836 is unprofitable, and losses have increased over the past 5 years at a rate of 17.6% per year.
Accelerating Growth: Unable to compare 3836's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: 3836 is unprofitable, making it difficult to compare its past year earnings growth to the Specialty Retail industry (-9.8%).
Return on Equity
High ROE: 3836 has a negative Return on Equity (-8.71%), as it is currently unprofitable.
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How is China Harmony Auto Holding's financial position?
Financial Health Score5/6
Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: 3836's short term assets (CN¥7.1B) exceed its short term liabilities (CN¥4.1B).
Long Term Liabilities: 3836's short term assets (CN¥7.1B) exceed its long term liabilities (CN¥906.3M).
Debt to Equity History and Analysis
Debt Level: 3836's net debt to equity ratio (6.5%) is considered satisfactory.
Reducing Debt: 3836's debt to equity ratio has increased from 24.1% to 31% over the past 5 years.
Debt Coverage: 3836's debt is well covered by operating cash flow (42.4%).
Interest Coverage: 3836's interest payments on its debt are well covered by EBIT (17x coverage).
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What is China Harmony Auto Holding current dividend yield, its reliability and sustainability?
Dividend Score 2/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
|China Harmony Auto Holding Dividend Yield vs Market|
|Company (China Harmony Auto Holding)||12.4%|
|Market Bottom 25% (HK)||3.0%|
|Market Top 25% (HK)||8.9%|
|Industry Average (Specialty Retail)||4.3%|
|Analyst forecast in 3 Years (China Harmony Auto Holding)||13.3%|
Notable Dividend: 3836's dividend (12.42%) is higher than the bottom 25% of dividend payers in the Hong Kong market (3.01%).
High Dividend: 3836's dividend (12.42%) is in the top 25% of dividend payers in the Hong Kong market (8.94%)
Stability and Growth of Payments
Stable Dividend: 3836 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 3836's dividend payments have increased, but the company has only paid a dividend for 8 years.
Earnings Payout to Shareholders
Earnings Coverage: 3836 is paying a dividend but the company is unprofitable.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (146.8%), 3836's dividend payments are not well covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Fenglei Liu (46 yo)
Mr. Fenglei Liu has been Chief Executive Officer and Executive Director of China Harmony Auto Holding Limited (formerly known as China Harmony New Energy Auto Holding Limited) since October 19, 2015 and al...
CEO Compensation Analysis
|Fenglei Liu's Compensation vs China Harmony Auto Holding Earnings|
|Date||Total Comp.||Salary||Company Earnings|
|Jun 30 2022||n/a||n/a|
|Mar 31 2022||n/a||n/a|
|Dec 31 2021||CN¥798k||CN¥750k|
|Sep 30 2021||n/a||n/a|
|Jun 30 2021||n/a||n/a|
|Mar 31 2021||n/a||n/a|
|Dec 31 2020||CN¥913k||CN¥700k|
|Sep 30 2020||n/a||n/a|
|Jun 30 2020||n/a||n/a|
|Mar 31 2020||n/a||n/a|
|Dec 31 2019||CN¥1m||CN¥750k|
|Sep 30 2019||n/a||n/a|
|Jun 30 2019||n/a||n/a|
|Mar 31 2019||n/a||n/a|
|Dec 31 2018||CN¥2m||CN¥750k|
|Sep 30 2018||n/a||n/a|
|Jun 30 2018||n/a||n/a|
|Mar 31 2018||n/a||n/a|
|Dec 31 2017||CN¥2m||CN¥540k|
|Sep 30 2017||n/a||n/a|
|Jun 30 2017||n/a||n/a|
|Mar 31 2017||n/a||n/a|
|Dec 31 2016||CN¥803k||CN¥540k|
|Sep 30 2016||n/a||n/a|
|Jun 30 2016||n/a||n/a|
|Mar 31 2016||n/a||n/a|
|Dec 31 2015||CN¥400k||CN¥366k|
Compensation vs Market: Fenglei's total compensation ($USD112.17K) is below average for companies of similar size in the Hong Kong market ($USD311.56K).
Compensation vs Earnings: Fenglei's compensation has been consistent with company performance over the past year.
Experienced Management: 3836's management team is considered experienced (4.1 years average tenure).
Experienced Board: 3836's board of directors are considered experienced (3.4 years average tenure).
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.
Recent Insider Transactions
|30 Jun 22||BuyHK$1,572,166||Changge Feng||Individual||450,000||HK$3.49|
|29 Jun 22||BuyHK$1,932,644||Changge Feng||Individual||583,000||HK$3.31|
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
China Harmony Auto Holding Limited's employee growth, exchange listings and data sources
- Name: China Harmony Auto Holding Limited
- Ticker: 3836
- Exchange: SEHK
- Founded: 2005
- Industry: Automotive Retail
- Sector: Retail
- Implied Market Cap: HK$2.326b
- Shares outstanding: 1.54b
- Website: https://www.hexieauto.com
Number of Employees
- China Harmony Auto Holding Limited
- World Trade Center Building
- 15A, Tower A
- Henan Province
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|3836||SEHK (The Stock Exchange of Hong Kong Ltd.)||Yes||Ordinary Shares||HK||HKD||Jun 2013|
|HA5||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jun 2013|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/10/01 00:00|
|End of Day Share Price||2022/09/30 00:00|
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.