3969 Stock Overview
China Railway Signal & Communication Corporation Limited, together with its subsidiaries, provides rail transportation control system solutions in China and internationally.
China Railway Signal & Communication Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||HK$2.62|
|52 Week High||HK$3.09|
|52 Week Low||HK$2.36|
|1 Month Change||-5.42%|
|3 Month Change||3.56%|
|1 Year Change||-7.75%|
|3 Year Change||-53.87%|
|5 Year Change||-56.48%|
|Change since IPO||-58.54%|
Recent News & Updates
Is China Railway Signal & Communication (HKG:3969) A Risky Investment?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
|3969||HK Electronic||HK Market|
Return vs Industry: 3969 exceeded the Hong Kong Electronic industry which returned -42.2% over the past year.
Return vs Market: 3969 exceeded the Hong Kong Market which returned -23.3% over the past year.
|3969 Average Weekly Movement||3.6%|
|Electronic Industry Average Movement||6.5%|
|Market Average Movement||7.0%|
|10% most volatile stocks in HK Market||13.7%|
|10% least volatile stocks in HK Market||3.3%|
Stable Share Price: 3969 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: 3969's weekly volatility (4%) has been stable over the past year.
About the Company
China Railway Signal & Communication Corporation Limited, together with its subsidiaries, provides rail transportation control system solutions in China and internationally. It operates through three segments: Rail Transportation Control System, General Engineering Contracting, and Others. The company offers design, consultancy, and system integration services for rail transportation control system projects.
China Railway Signal & Communication Fundamentals Summary
|3969 fundamental statistics|
Is 3969 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|3969 income statement (TTM)|
|Cost of Revenue||CN¥30.29b|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||0.32|
|Net Profit Margin||8.62%|
How did 3969 perform over the long term?See historical performance and comparison
7.6%Current Dividend Yield
Is 3969 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 3/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 3969?
Other financial metrics that can be useful for relative valuation.
|What is 3969's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does 3969's PE Ratio compare to its peers?
|3969 PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
Price-To-Earnings vs Peers: 3969 is expensive based on its Price-To-Earnings Ratio (7.1x) compared to the peer average (5.5x).
Price to Earnings Ratio vs Industry
How does 3969's PE Ratio compare vs other companies in the Hong Kong Electronic Industry?
Price-To-Earnings vs Industry: 3969 is expensive based on its Price-To-Earnings Ratio (7.1x) compared to the Hong Kong Electronic industry average (7x)
Price to Earnings Ratio vs Fair Ratio
What is 3969's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||7.1x|
|Fair PE Ratio||8x|
Price-To-Earnings vs Fair Ratio: 3969 is good value based on its Price-To-Earnings Ratio (7.1x) compared to the estimated Fair Price-To-Earnings Ratio (8x).
Share Price vs Fair Value
What is the Fair Price of 3969 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 3969 (HK$2.62) is trading below our estimate of fair value (HK$12.62)
Significantly Below Fair Value: 3969 is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: 3969 is poor value based on its PEG Ratio (1.6x)
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How is China Railway Signal & Communication forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Future Growth Score1/6
Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 3969's forecast earnings growth (4.4% per year) is above the savings rate (1.5%).
Earnings vs Market: 3969's earnings (4.4% per year) are forecast to grow slower than the Hong Kong market (16.8% per year).
High Growth Earnings: 3969's earnings are forecast to grow, but not significantly.
Revenue vs Market: 3969's revenue (4.1% per year) is forecast to grow slower than the Hong Kong market (10.1% per year).
High Growth Revenue: 3969's revenue (4.1% 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 (8.5%).
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How has China Railway Signal & Communication performed over the past 5 years?
Past Performance Score2/6
Past Performance Score 2/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 3969 has high quality earnings.
Growing Profit Margin: 3969's current net profit margins (8.6%) are lower than last year (9.4%).
Past Earnings Growth Analysis
Earnings Trend: 3969's earnings have grown by 1.8% per year over the past 5 years.
Accelerating Growth: 3969's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 3969 had negative earnings growth (-14.5%) over the past year, making it difficult to compare to the Electronic industry average (19.6%).
Return on Equity
High ROE: 3969's Return on Equity (8.2%) is considered low.
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How is China Railway Signal & Communication's financial position?
Financial Health Score5/6
Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: 3969's short term assets (CN¥87.9B) exceed its short term liabilities (CN¥58.3B).
Long Term Liabilities: 3969's short term assets (CN¥87.9B) exceed its long term liabilities (CN¥4.5B).
Debt to Equity History and Analysis
Debt Level: 3969 has more cash than its total debt.
Reducing Debt: 3969's debt to equity ratio has increased from 2.5% to 8.2% over the past 5 years.
Debt Coverage: 3969's debt is well covered by operating cash flow (79.9%).
Interest Coverage: 3969 earns more interest than it pays, so coverage of interest payments is not a concern.
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What is China Railway Signal & Communication current dividend yield, its reliability and sustainability?
Dividend Score 3/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 3969's dividend (7.61%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.76%).
High Dividend: 3969's dividend (7.61%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.89%).
Stability and Growth of Payments
Stable Dividend: 3969 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 3969's dividend payments have increased, but the company has only paid a dividend for 6 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (56.9%), 3969's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: At its current cash payout ratio (79.1%), 3969's dividend payments are covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Zongxiang Xu (58 yo)
Mr. Zongxiang Xu serves as Executive Director at China Railway Signal & Communication Corporation Limited since February 12, 2020 and has been its President since December 4, 2019. Mr. Xu has been the depu...
CEO Compensation Analysis
Compensation vs Market: Zongxiang's total compensation ($USD138.71K) is below average for companies of similar size in the Hong Kong market ($USD660.82K).
Compensation vs Earnings: Zongxiang's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Experienced Management: 3969's management team is considered experienced (3.6 years average tenure).
Experienced Board: 3969's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
China Railway Signal & Communication Corporation Limited's employee growth, exchange listings and data sources
- Name: China Railway Signal & Communication Corporation Limited
- Ticker: 3969
- Exchange: SEHK
- Founded: 1953
- Industry: Electronic Equipment and Instruments
- Sector: Tech
- Implied Market Cap: HK$51.430b
- Shares outstanding: 10.59b
- Website: https://www.crsc.cn
Number of Employees
- China Railway Signal & Communication Corporation Limited
- CRSC Building
- 20th Floor of Block A, 1 Compound
- Beijing Province
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/24 00:00|
|End of Day Share Price||2022/06/24 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.