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China Public Procurement

Market Cap

HK$60.3m

Last Updated

2021/04/11 10:11 UTC

Data Sources

Company Financials

Executive Summary

China Public Procurement Limited, an investment holding company, engages in the trading of various products in the People’s Republic of China. More Details


Snowflake Analysis

Questionable track record and overvalued.

Share Price & News

How has China Public Procurement's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 1094 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: 1094's weekly volatility (11%) has been stable over the past year.


Market Performance


7 Day Return

14.9%

1094

0.8%

HK IT

-1.1%

HK Market


1 Year Return

17.6%

1094

64.6%

HK IT

28.6%

HK Market

Return vs Industry: 1094 underperformed the Hong Kong IT industry which returned 64.6% over the past year.

Return vs Market: 1094 underperformed the Hong Kong Market which returned 28.6% over the past year.


Shareholder returns

1094IndustryMarket
7 Day14.9%0.8%-1.1%
30 Day35.7%-5.3%-1.8%
90 Day36.5%11.1%3.4%
1 Year17.6%17.6%67.4%64.6%33.5%28.6%
3 Year-75.3%-75.3%15.9%10.5%4.0%-6.9%
5 Year-98.4%-98.4%27.3%19.0%48.7%23.7%

Long-Term Price Volatility Vs. Market

How volatile is China Public Procurement's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is China Public Procurement undervalued compared to its fair value and its price relative to the market?

33.34x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 1094 (HK$0.25) is trading above our estimate of fair value (HK$0.15)

Significantly Below Fair Value: 1094 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 1094 is poor value based on its PE Ratio (33.3x) compared to the HK IT industry average (15.5x).

PE vs Market: 1094 is poor value based on its PE Ratio (33.3x) compared to the Hong Kong market (11.7x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 1094's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 1094 is good value based on its PB Ratio (0.3x) compared to the HK IT industry average (1.1x).


Future Growth

How is China Public Procurement forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

20.3%

Forecasted Software 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 China Public Procurement 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.


Past Performance

How has China Public Procurement performed over the past 5 years?

77.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1094 has a large one-off gain of HK$19.1M impacting its December 31 2020 financial results.

Growing Profit Margin: 1094 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 1094 has become profitable over the past 5 years, growing earnings by 77% per year.

Accelerating Growth: 1094 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 1094 has become profitable in the last year, making it difficult to compare its past year earnings growth to the IT industry (21.8%).


Return on Equity

High ROE: 1094's Return on Equity (0.1%) is considered low.


Financial Health

How is China Public Procurement's financial position?


Financial Position Analysis

Short Term Liabilities: 1094's short term assets (HK$35.9M) do not cover its short term liabilities (HK$76.7M).

Long Term Liabilities: 1094's short term assets (HK$35.9M) do not cover its long term liabilities (HK$78.8M).


Debt to Equity History and Analysis

Debt Level: 1094's debt to equity ratio (15.1%) is considered satisfactory.

Reducing Debt: 1094's debt to equity ratio has increased from 6.8% to 15.1% over the past 5 years.

Debt Coverage: 1094's debt is not well covered by operating cash flow (5.2%).

Interest Coverage: Insufficient data to determine if 1094's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is China Public Procurement current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 1094's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 1094's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 1094's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 1094'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 1094'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?

3.8yrs

Average board tenure


CEO

Jinwei Zheng (51 yo)

5.75yrs

Tenure

HK$739,000

Compensation

Mr. Jinwei Zheng, EMBA, BEng has been the Chief Executive Officer of China Public Procurement Limited since July 15, 2015, Chairman since June 7, 2016 and as its Executive Director since December 23, 2014.


Board Members

Experienced Board: 1094's board of directors are considered experienced (3.8 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 16.7%.


Top Shareholders

Company Information

China Public Procurement Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: China Public Procurement Limited
  • Ticker: 1094
  • Exchange: SEHK
  • Founded: NaN
  • Industry: IT Consulting and Other Services
  • Sector: Software
  • Market Cap: HK$60.338m
  • Shares outstanding: 244.28m
  • Website: https://www.cpphk1094.com

Number of Employees


Location

  • China Public Procurement Limited
  • Tower Two, Lippo Centre
  • 5th Floor
  • Admiralty
  • Hong Kong

Listings


Biography

China Public Procurement Limited, an investment holding company, engages in the trading of various products in the People’s Republic of China. It operates through four segments: Public Procurement, Trading...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/11 10:11
End of Day Share Price2021/04/09 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.