HongDa Financial Holding Limited, an investment holding company, primarily engages in the trading of electronic components/materials in the People’s Republic of China and Hong Kong.
+ 2 more risks
Adequate balance sheet and fair value.
Share Price & News
How has HongDa Financial Holding's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 1822's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 1822 underperformed the Hong Kong Electronic industry which returned -19.1% over the past year.
Return vs Market: 1822 underperformed the Hong Kong Market which returned -20.1% over the past year.
Price Volatility Vs. Market
How volatile is HongDa Financial Holding's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StHongDa Financial Holding (HKG:1822) Has Debt But No Earnings; Should You Worry?
2 months ago | Simply Wall StInvestors Who Bought HongDa Financial Holding (HKG:1822) Shares Three Years Ago Are Now Down 96%
2 months ago | Simply Wall StCan We See Significant Insider Ownership On The HongDa Financial Holding Limited (HKG:1822) Share Register?
Is HongDa Financial Holding undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 1822 (HK$0.01) is trading below our estimate of fair value (HK$0.12)
Significantly Below Fair Value: 1822 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 1822 is unprofitable, so we can't compare its PE Ratio to the Electronic industry average.
PE vs Market: 1822 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 1822's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 1822 is good value based on its PB Ratio (0.1x) compared to the HK Electronic industry average (0.7x).
How is HongDa Financial Holding forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Tech 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 HongDa Financial Holding 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.
- Examine whether HongDa Financial Holding 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.
- HongDa Financial Holding competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Tech industry.
How has HongDa Financial Holding performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 1822 is currently unprofitable.
Growing Profit Margin: 1822 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: 1822 is unprofitable, and losses have increased over the past 5 years at a rate of -50.9% per year.
Accelerating Growth: Unable to compare 1822's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: 1822 is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (-17.6%).
Return on Equity
High ROE: 1822 has a negative Return on Equity (-80.16%), as it is currently unprofitable.
How is HongDa Financial Holding's financial position?
Financial Position Analysis
Short Term Liabilities: 1822's short term assets (HK$896.9M) exceed its short term liabilities (HK$659.3M).
Long Term Liabilities: 1822's short term assets (HK$896.9M) exceed its long term liabilities (HK$539.9M).
Debt to Equity History and Analysis
Debt Level: 1822's debt to equity ratio (182.1%) is considered high.
Reducing Debt: 1822's debt to equity ratio has increased from 9.6% to 182.1% over the past 5 years.
Inventory Level: 1822 has a low level of unsold assets or inventory.
Debt Coverage by Assets: 1822's debt is not covered by short term assets (assets are 0.9x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable 1822 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 1822 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 11.4% per year.
What is HongDa Financial Holding's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate 1822's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate 1822'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 1822's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 1822's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: 1822 is not paying a notable dividend for the Hong Kong market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 1822's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Bin Qiu (51yo)
Mr. Bin Qiu serves as Chairman of the Board, Executive Director and Chief Executive Director of HongDa Financial Holding Limited since March 12, 2020. He serves as the Chief Executive Officer at Sun Centur ...
|Executive Director||2.92yrs||HK$1.89m||no data|
|Executive Chairman & CEO||no data||no data||no data|
|Independent Non-Executive Director||1.75yrs||no data||no data|
|Independent Non-Executive Director||5.67yrs||HK$120.00k||no data|
|Independent Non-Executive Director||5.67yrs||HK$120.00k||no data|
|Independent Non-Executive Director||no data||no data||no data|
Experienced Board: 1822's board of directors are considered experienced (4.3 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.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.4%.
HongDa Financial Holding Limited's company bio, employee growth, exchange listings and data sources
- Name: HongDa Financial Holding Limited
- Ticker: 1822
- Exchange: SEHK
- Founded: 2009
- Industry: Technology Distributors
- Sector: Tech
- Market Cap: HK$68.108m
- Shares outstanding: 6.81b
- Website: https://www.hongdafin.com
Number of Employees
- HongDa Financial Holding Limited
- West Tower
- Suite 2603, 26th Floor
- Hong Kong
- Hong Kong
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|1822||SEHK (The Stock Exchange of Hong Kong Ltd.)||Yes||Ordinary Shares||HK||HKD||Dec 2009|
HongDa Financial Holding Limited, an investment holding company, primarily engages in the trading of electronic components/materials in the People’s Republic of China and Hong Kong. The company operates through four segments: Car Rental, Materials Trading, Financing Services and Investments, and Others. It is also involved in the money lending and property investment activities; and provision of asset investment advisory, fund administration, and public relation services. The company was formerly known as E-Rental Car Company Limited and changed its name to HongDa Financial Holding Limited in June 2016. The company was founded in 2009 and is headquartered in Hong Kong, Hong Kong. HongDa Financial Holding Limited is a subsidiary of Sino Merchant Car Rental Limited.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/28 13:21|
|End of Day Share Price||2020/03/27 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.