Executive Summary
China Railway Signal & Communication Corporation Limited, together with its subsidiaries, provides rail transportation control system solutions in the People's Republic of China and internationally.
Snowflake
Fundamentals
Good value with adequate balance sheet.
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Share Price & News
How has China Railway Signal & Communication's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
-2.5%
3969
0.5%
HK Electronic
0.3%
HK Market
1 Year Return
-12.3%
3969
-4.4%
HK Electronic
-1.5%
HK Market
Return vs Industry: 3969 underperformed the Hong Kong Electronic industry which returned -4.4% over the past year.
Return vs Market: 3969 underperformed the Hong Kong Market which returned -1.5% over the past year.
Shareholder returns
| 3969 | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.5% | 0.5% | 0.3% |
| 30 Day | -5.8% | -2.0% | 0.5% |
| 90 Day | -14.9% | 6.0% | -4.4% |
| 1 Year | -8.8%-12.3% | -1.1%-4.4% | 2.1%-1.5% |
| 3 Year | -21.4%-28.0% | -2.0%-9.8% | 14.7%3.2% |
| 5 Year | n/a | 56.1%35.8% | 21.5%1.2% |
Price Volatility Vs. Market
How volatile is China Railway Signal & Communication's share price compared to the market and industry in the last 5 years?
Simply Wall St News
Valuation
Is China Railway Signal & Communication undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 3969 (HK$4.7) is trading below our estimate of fair value (HK$15.66)
Significantly Below Fair Value: 3969 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 3969 is poor value based on its PE Ratio (10.3x) compared to the Electronic industry average (8.9x).
PE vs Market: 3969 is good value based on its PE Ratio (10.3x) compared to the Hong Kong market (10.4x).
Price to Earnings Growth Ratio
PEG Ratio: 3969 is good value based on its PEG Ratio (0.6x)
Price to Book Ratio
PB vs Industry: 3969 is overvalued based on its PB Ratio (1.3x) compared to the HK Electronic industry average (1x).
Next Steps
Future Growth
How is China Railway Signal & Communication forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?
17.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 3969's forecast earnings growth (17.2% per year) is above the savings rate (2%).
Earnings vs Market: 3969's earnings (17.2% per year) are forecast to grow faster than the Hong Kong market (11.2% per year).
High Growth Earnings: 3969's earnings are forecast to grow, but not significantly.
Revenue vs Market: 3969's revenue (13.9% per year) is forecast to grow faster than the Hong Kong market (10.4% per year).
High Growth Revenue: 3969's revenue (13.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 3969's Return on Equity is forecast to be low in 3 years time (13%).
Next Steps
Past Performance
How has China Railway Signal & Communication performed over the past 5 years?
10.9%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: 3969's earnings have grown by 10.9% per year over the past 5 years.
Accelerating Growth: 3969's earnings growth over the past year (8.7%) is below its 5-year average (10.9% per year).
Earnings vs Industry: 3969 earnings growth over the past year (8.7%) exceeded the Electronic industry -10.9%.
Return on Equity
High ROE: 3969's Return on Equity (13.4%) is considered low.
Return on Assets
ROA vs Industry: 3969's Return on Assets is below or equal to the Electronic industry average last year.
Return on Capital Employed
ROCE Improving: 3969's Return on Capital Employed has declined over the past 3 years.
Next Steps
Financial Health
How is China Railway Signal & Communication's financial position?
Financial Position Analysis
Short Term Liabilities: 3969's short term assets (CN¥69.0B) exceeds its short term liabilities (CN¥51.1B)
Long Term Liabilities: 3969's short term assets (69.0B) exceeds its long term liabilities (2.9B)
Debt to Equity History and Analysis
Debt Level: 3969's debt to equity ratio (10.1%) is considered satisfactory
Reducing Debt: 3969's debt to equity ratio has increased from 3% to 10.1% over the past 5 years.
Debt Coverage: 3969's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 3969 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: 3969 has a low level of unsold assets or inventory.
Debt Coverage by Assets: 3969's debt is covered by short term assets (assets are 22.342580x debt).
Next Steps
Dividend
What is China Railway Signal & Communication's current dividend yield, its reliability and sustainability?
3.53%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: 3969's dividend (3.53%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.28%).
High Dividend: 3969's dividend (3.53%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.25%).
Stable Dividend: Whilst dividend payments have been stable, 3969 has been paying a dividend for less than 10 years.
Growing Dividend: 3969's dividend payments have increased, but the company has only paid a dividend for 3 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (36.4%), 3969's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 3969's dividends in 3 years are forecast to be well covered by earnings (37.7% payout ratio).
Next Steps
Management
What is the CEO of China Railway Signal & Communication's salary, the management and board of directors tenure and is there insider trading?
3.3yrs
Average management tenure
CEO
Gang Yin (56yo)
4.4yrs
Tenure
CN¥965,000
Compensation
Mr. Yin Gang has been the President at China Railway Signal & Communication Corporation Limited since May 22, 2015 and its Executive Director since May 21, 2015. Mr. Yin is mainly responsible for overseein ...
CEO Compensation Analysis
Compensation vs. Market: Gang's total compensation ($USD136.27K) is about average for companies of similar size in the Hong Kong market ($USD806.88K).
Compensation vs Earnings: Gang's compensation has increased by more than 20% in the past year.
Management Age and Tenure
3.3yrs
Average Tenure
50.5yo
Average Age
Experienced Management: 3969's management team is considered experienced (3.3 years average tenure).
Board Age and Tenure
4.4yrs
Average Tenure
56yo
Average Age
Experienced Board: 3969's board of directors are considered experienced (4.4 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.
Recent Insider Transactions
| Entity | Company |
| Shares | 6,009,000 |
| Max Price | CN¥5.33 |
| Entity | Company |
| Shares | 1,733,000 |
| Max Price | CN¥6.50 |
| Entity | Company |
| Shares | 300,000 |
| Max Price | CN¥6.70 |
| Entity | Company |
| Shares | 235,000 |
| Max Price | CN¥5.63 |
| Entity | Company |
| Shares | 4,801,015 |
| Max Price | CN¥5.77 |
| Entity | Company |
| Shares | 4,274,000 |
| Max Price | CN¥5.65 |
Ownership Breakdown
Management Team
Zhiliang Zhou (54yo)
Chairman of the Board
- Tenure: 7.8yrs
- Compensation: CN¥1.01m
Weizhong Shi
President of CRSC Ltd and Executive Director of CRSC Ltd
- Tenure: 0yrs
- Compensation: CN¥368.00k
Wing Shan Ng (42yo)
Joint Company Secretary
- Tenure: 4.6yrs
Gang Yin (56yo)
President & Executive Director
- Tenure: 4.4yrs
- Compensation: CN¥965.00k
Shaofeng Hu (51yo)
Chief Accountant & Joint Company Secretary
- Tenure: 3.3yrs
Yongsheng Yang (50yo)
Executive Director
- Tenure: 1.2yrs
- Compensation: CN¥688.94k
Shikui Chen (44yo)
Employee Representative Supervisor & Head of the Legal Compliance Department
- Tenure: 1.2yrs
Board Members
Zhiliang Zhou (54yo)
Chairman of the Board
- Tenure: 7.8yrs
- Compensation: CN¥1.01m
Jiajie Wang (68yo)
Independent Non-Executive Director
- Tenure: 4.4yrs
- Compensation: CN¥113.00k
Weizhong Shi
President of CRSC Ltd and Executive Director of CRSC Ltd
- Tenure: 0yrs
- Compensation: CN¥368.00k
Gang Yin (56yo)
President & Executive Director
- Tenure: 4.4yrs
- Compensation: CN¥965.00k
Jin’en Chen (64yo)
Independent Non-Executive Director
- Tenure: 4.4yrs
- Compensation: CN¥60.00k
Liyan Tian (45yo)
Chairwoman of the Supervisory Committee
- Tenure: 4.4yrs
Yongsheng Yang (50yo)
Executive Director
- Tenure: 1.2yrs
- Compensation: CN¥688.94k
Peter Chan (68yo)
Independent Non-Executive Director
- Tenure: 1.2yrs
Guiqing Yao (64yo)
Independent Non-Executive Director
- Tenure: 1.2yrs
- Compensation: CN¥25.00k
Shikui Chen (44yo)
Employee Representative Supervisor & Head of the Legal Compliance Department
- Tenure: 1.2yrs
Company Information
China Railway Signal & Communication Corporation Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: China Railway Signal & Communication Corporation Limited
- Ticker: 3969
- Exchange: SEHK
- Founded: 1953
- Industry: Electronic Equipment and Instruments
- Sector: Tech
- Market Cap: HK$86.909b
- Shares outstanding: 10.59b
- Website: https://www.crsc.cn
Number of Employees
Location
- China Railway Signal & Communication Corporation Limited
- CRSC Building
- 1 Compound, Automobile Museum South Road
- Beijing
- 100070
- China
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 3969 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Foreign Shares-Foregin Listed | HK | HKD | Aug 2015 |
| RS3 | DB (Deutsche Boerse AG) | Yes | Foreign Shares-Foregin Listed | DE | EUR | Aug 2015 |
| 3969 | SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect) | Yes | Foreign Shares-Foregin Listed | HK | HKD | Aug 2015 |
| 3969 | SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect) | Yes | Foreign Shares-Foregin Listed | HK | HKD | Aug 2015 |
| CRYY.F | OTCPK (Pink Sheets LLC) | Yes | Foreign Shares-Foregin Listed | US | USD | Aug 2015 |
| CRYC.Y | OTCPK (Pink Sheets LLC) | UNSPONSORD ADS | US | USD | Apr 2018 | |
| 688009 | SHSE (Shanghai Stock Exchange) | Domestic Shares | CN | CNY | Jul 2019 |
Biography
China Railway Signal & Communication Corporation Limited, together with its subsidiaries, provides rail transportation control system solutions in the People's Republic of China and internationally. The co ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/21 12:56 |
| End of Day Share Price | 2019/10/21 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.