SEHK:31

Stock Analysis Report

China Aerospace International Holdings

Executive Summary

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

Snowflake

Fundamentals

Undervalued with excellent balance sheet.

Share Price & News

How has China Aerospace International Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-1.1%

31

0.8%

HK Electronic

0.9%

HK Market


1 Year Return

-12.5%

31

-2.6%

HK Electronic

0.6%

HK Market

Return vs Industry: 31 underperformed the Hong Kong Electronic industry which returned -2.6% over the past year.

Return vs Market: 31 underperformed the Hong Kong Market which returned 0.6% over the past year.


Shareholder returns

31IndustryMarket
7 Day-1.1%0.8%0.9%
30 Day4.6%-1.9%0.4%
90 Day-8.1%4.2%-5.5%
1 Year-10.7%-12.5%0.7%-2.6%4.2%0.6%
3 Year-51.8%-55.4%-2.6%-10.3%15.5%3.9%
5 Year-52.0%-56.3%54.6%34.4%19.9%-0.1%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: 31 (HK$0.46) is trading below our estimate of fair value (HK$9.54)

Significantly Undervalued: 31 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 31 is good value based on its PE Ratio (3.8x) compared to the Electronic industry average (8.7x).

PE vs Market: 31 is good value based on its PE Ratio (3.8x) compared to the Hong Kong market (10.3x).


Price to Earnings Growth Ratio

Low 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 (0.9x).


Next Steps

Future Growth

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

20.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 31's forecast earnings growth (20.2% per year) is above the savings rate (2%).

Earnings vs Market: 31's earnings (20.2% per year) are forecast to grow faster than the Hong Kong market (11.4% per year).

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

Revenue vs Market: Insufficient data to determine if 31's revenue is forecast to grow faster than the Hong Kong market.

High Growth Revenue: Insufficient data to determine if 31's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if 31's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

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

-8.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 31's earnings have declined by -8.7% per year over the past 5 years.

Accelerating Growth: 31's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 31 had negative earnings growth (-18.6%) over the past year, making it difficult to compare to the Electronic industry average (-10.9%).


Return on Equity

High ROE: 31's Return on Equity (5.1%) is considered low.


Return on Assets

ROA vs Industry: 31's Return on Assets is below or equal to the Electronic industry average last year.


Return on Capital Employed

ROCE Improving: 31 has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is China Aerospace International Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 31's short term assets (HK$2.8B) exceeds its short term liabilities (HK$1.2B)

Long Term Liabilities: 31's short term assets (2.8B) do not cover its long term liabilities (4.0B)


Debt to Equity History and Analysis

Debt Level: 31's debt to equity ratio (15.8%) is considered satisfactory

Reducing Debt: 31's debt to equity ratio has reduced from 27% to 15.8% over the past 5 years.

Debt Coverage: 31's debt is well covered by operating cash flow (40.6%).

Interest Coverage: 31's interest payments on its debt are well covered by EBIT (6.3x coverage).


Balance Sheet

Inventory Level: 31 has a low level of unsold assets or inventory.

Debt Coverage by Assets: 31's debt is covered by short term assets (assets are 1.910050x debt).


Next Steps

Dividend

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

2.20%

Current Dividend Yield


Dividend Yield vs Market

company2.2%marketbottom25%2.3%markettop25%6.3%industryaverage2.8%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: 31's dividend (2.2%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.26%).

High Dividend: 31's dividend (2.2%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.25%).

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

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


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (8.4%), 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

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

15.8yrs

Average management tenure


CEO

Hongjun Li (53yo)

0yrs

Tenure

HK$2,181,000

Compensation

Mr. Hongjun Li has been President of China Aerospace International Holdings Ltd. since May 12, 2010 and also serves as its Chief Executive. Mr. Li served as Vice President of China Spacesat Company Limited ...


CEO Compensation Analysis

Compensation vs. Market: Hongjun's total compensation ($USD278.11K) is about average for companies of similar size in the Hong Kong market ($USD286.45K).

Compensation vs Earnings: Hongjun's compensation has been consistent with company performance over the past year.


Management Age and Tenure

15.8yrs

Average Tenure

53yo

Average Age

Experienced Management: 31's management team is seasoned and experienced (15.8 years average tenure).


Board Age and Tenure

4.9yrs

Average Tenure

55.5yo

Average Age

Experienced Board: 31's board of directors are considered experienced (4.9 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.


Ownership Breakdown


Management Team

  • Yuanchang Zhao (70yo)

    Vice President

    • Tenure: 17.1yrs
    • Compensation: HK$1.58m
  • Ken Chan (53yo)

    Company Secretary

    • Tenure: 0yrs
  • Hongju Wu (57yo)

    Vice President

    • Tenure: 17.1yrs
    • Compensation: HK$698.00k
  • Jerry Xu (50yo)

    Vice President

    • Tenure: 13.3yrs
    • Compensation: HK$635.00k
  • Xianpeng Guo (52yo)

    Vice President

    • Tenure: 15.8yrs
    • Compensation: HK$698.00k
  • Hongjun Li (53yo)

    President

    • Tenure: 0yrs
    • Compensation: HK$2.18m
  • Xuesheng Jin (56yo)

    Executive Vice President

    • Tenure: 9.4yrs
    • Compensation: HK$2.18m
  • Meixuan Liu (52yo)

    Chairman

    • Tenure: 0.8yrs
  • Zhanjie Niu

    Financial Controller

    • Tenure: 0yrs

Board Members

  • Xiaojun Wang (65yo)

    Independent Non-Executive Director

    • Tenure: 6.6yrs
    • Compensation: HK$210.00k
  • Zhenbang Luo (53yo)

    Independent Non-Executive Director

    • Tenure: 14.8yrs
    • Compensation: HK$230.00k
  • Sylvia Leung (55yo)

    Independent Non-Executive Director

    • Tenure: 7.6yrs
    • Compensation: HK$260.00k
  • Hongjun Li (53yo)

    President

    • Tenure: 0yrs
    • Compensation: HK$2.18m
  • Meixuan Liu (52yo)

    Chairman

    • Tenure: 0.8yrs
  • Xudong Liu (59yo)

    Non-Executive Director

    • Tenure: 0.8yrs
  • Yijin Mao (56yo)

    Non-Executive Director

    • Tenure: 3.2yrs
  • Liang Wei Xu (64yo)

    Non-Executive Director

    • Tenure: 3.2yrs
    • Compensation: HK$106.00k

Company Information

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


Key Information

  • Name: China Aerospace International Holdings Limited
  • Ticker: 31
  • Exchange: SEHK
  • Founded:
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: HK$1.404b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CIOCDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
31SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJan 1992

Biography

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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/20 12:34
End of Day Share Price2019/10/18 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.