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31

China Aerospace International HoldingsSEHK:31 Stock Report

Market Cap

HK$1.9b

7D

0%

1Y

41.9%

Updated

21 Oct, 2021

Data

Company Financials
31 fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance2/6
Financial Health5/6
Dividends3/6

31 Overview

China Aerospace International Holdings Limited, an investment holding company, engages in hi-tech manufacturing business in the People’s Republic of China.

Price History & Performance

Summary of all time highs, changes and price drops for China Aerospace International Holdings
Historical stock prices
Current Share PriceHK$0.61
52 Week HighHK$0.38
52 Week LowHK$0.83
Beta1.11
1 Month Change1.67%
3 Month Change-8.96%
1 Year Change41.86%
3 Year Change15.09%
5 Year Change-39.60%
Change since IPO60.53%

Recent News & Updates

Sep 20
China Aerospace International Holdings (HKG:31) Seems To Use Debt Quite Sensibly

China Aerospace International Holdings (HKG:31) Seems To Use Debt Quite Sensibly

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Jun 12
The Return Trends At China Aerospace International Holdings (HKG:31) Look Promising

The Return Trends At China Aerospace International Holdings (HKG:31) Look Promising

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...

Apr 20
Is China Aerospace International Holdings (HKG:31) Using Too Much Debt?

Is China Aerospace International Holdings (HKG:31) Using Too Much Debt?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Mar 17
How Does China Aerospace International Holdings Limited (HKG:31) Fare As A Dividend Stock?

How Does China Aerospace International Holdings Limited (HKG:31) Fare As A Dividend Stock?

Could China Aerospace International Holdings Limited ( HKG:31 ) be an attractive dividend share to own for the long...

Shareholder Returns

31HK ElectronicHK Market
7D0%1.7%1.8%
1Y41.9%26.7%5.7%

Return vs Industry: 31 exceeded the Hong Kong Electronic industry which returned 27% over the past year.

Return vs Market: 31 exceeded the Hong Kong Market which returned 6.2% over the past year.

Price Volatility

Is 31's price volatile compared to industry and market?
31 volatility
31 Beta1.11
Industry Beta1.01
Market Beta1

Stable Share Price: 31 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 31's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19758,000n/ahttps://www.casil-group.com

China Aerospace International Holdings Limited, an investment holding company, engages in hi-tech manufacturing business in the People’s Republic of China. The company distributes plastic and metal products and molds, liquid crystal displays and modules, printed circuit boards, intelligent battery chargers, and electronic components. It is also involved in the provision of property investment and management, and treasury services; electroplating of metals; and distribution of packing products.

China Aerospace International Holdings Fundamentals Summary

How do China Aerospace International Holdings's earnings and revenue compare to its market cap?
31 fundamental statistics
Market CapHK$1.88b
Earnings (TTM)HK$438.98m
Revenue (TTM)HK$4.23b

4.3x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
31 income statement (TTM)
RevenueHK$4.23b
Cost of RevenueHK$3.17b
Gross ProfitHK$1.06b
ExpensesHK$623.66m
EarningsHK$438.98m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.14
Gross Margin25.12%
Net Profit Margin10.38%
Debt/Equity Ratio14.6%

How did 31 perform over the long term?

See historical performance and comparison

Dividends

3.3%

Current Dividend Yield

14%

Payout Ratio

Valuation

Is China Aerospace International Holdings undervalued compared to its fair value and its price relative to the market?

4.29x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 31 (HK$0.61) is trading above our estimate of fair value (HK$0.55)

Significantly Below Fair Value: 31 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 31 is good value based on its PE Ratio (4.3x) compared to the Hong Kong Electronic industry average (9x).

PE vs Market: 31 is good value based on its PE Ratio (4.3x) compared to the Hong Kong market (9.7x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 31's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 31 is good value based on its PB Ratio (0.2x) compared to the HK Electronic industry average (0.8x).


Future Growth

How is China Aerospace International Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

17.9%

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 China Aerospace International 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.


Past Performance

How has China Aerospace International Holdings performed over the past 5 years?

-23.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 31 has a large one-off gain of HK$289.0M impacting its June 30 2021 financial results.

Growing Profit Margin: 31's current net profit margins (10.4%) are higher than last year (9%).


Past Earnings Growth Analysis

Earnings Trend: 31's earnings have declined by 23.6% per year over the past 5 years.

Accelerating Growth: 31's earnings growth over the past year (47.2%) exceeds its 5-year average (-23.6% per year).

Earnings vs Industry: 31 earnings growth over the past year (47.2%) underperformed the Electronic industry 50.5%.


Return on Equity

High ROE: 31's Return on Equity (5.2%) is considered low.


Financial Health

How is China Aerospace International Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 31's short term assets (HK$4.0B) exceed its short term liabilities (HK$1.8B).

Long Term Liabilities: 31's short term assets (HK$4.0B) do not cover its long term liabilities (HK$4.2B).


Debt to Equity History and Analysis

Debt Level: 31's debt to equity ratio (14.6%) is considered satisfactory.

Reducing Debt: 31's debt to equity ratio has reduced from 24.1% to 14.6% over the past 5 years.

Debt Coverage: 31's debt is well covered by operating cash flow (33.2%).

Interest Coverage: 31's interest payments on its debt are well covered by EBIT (9.4x coverage).


Balance Sheet


Dividend

What is China Aerospace International Holdings's current dividend yield, its reliability and sustainability?

3.28%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 31's dividend (3.28%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.26%).

High Dividend: 31's dividend (3.28%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.79%).


Stability and Growth of Payments

Stable Dividend: 31's dividend payments have been volatile in the past 10 years.

Growing Dividend: 31's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (14.1%), 31's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

16.5yrs

Average management tenure


CEO

China Aerospace International Holdings has no CEO, or we have no data on them.


Leadership Team

Experienced Management: 31's management team is seasoned and experienced (16.5 years average tenure).


Board Members

Experienced Board: 31's board of directors are considered experienced (4 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

China Aerospace International Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: China Aerospace International Holdings Limited
  • Ticker: 31
  • Exchange: SEHK
  • Founded: 1975
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: HK$1.882b
  • Shares outstanding: 3.09b
  • Website: https://www.casil-group.com

Number of Employees


Location

  • China Aerospace International Holdings Limited
  • One Harbourfront
  • Room 1103–1107A
  • Hung Hom
  • Kowloon
  • Hong Kong

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/21 18:03
End of Day Share Price2021/10/21 00:00
Earnings2021/06/30
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.