SEHK:152

Stock Analysis Report

Shenzhen International Holdings

Executive Summary

Shenzhen International Holdings Limited, an investment holding company, invests in, constructs, and operates logistic infrastructure facilities primarily in the People’s Republic of China.

Snowflake

Fundamentals

Good value with proven track record and pays a dividend.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-1.4%

152

2.7%

HK Infrastructure

2.4%

HK Market


1 Year Return

2.8%

152

0.2%

HK Infrastructure

0.4%

HK Market

Return vs Industry: 152 exceeded the Hong Kong Infrastructure industry which returned 0.2% over the past year.

Return vs Market: 152 exceeded the Hong Kong Market which returned 0.4% over the past year.


Shareholder returns

152IndustryMarket
7 Day-1.4%2.7%2.4%
30 Day1.3%-0.7%-2.6%
90 Day-1.9%-6.1%-5.6%
1 Year10.1%2.8%6.2%0.2%4.0%0.4%
3 Year43.2%22.0%-2.7%-15.7%15.1%3.5%
5 Year63.3%29.0%9.6%-12.7%20.3%0.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Shenzhen 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: 152 (HK$15.2) is trading below our estimate of fair value (HK$50.58)

Significantly Undervalued: 152 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 152 is good value based on its PE Ratio (7.1x) compared to the Infrastructure industry average (8.5x).

PE vs Market: 152 is good value based on its PE Ratio (7.1x) compared to the Hong Kong market (10.3x).


Price to Earnings Growth Ratio

Low PEG Ratio: 152 is poor value based on its PEG Ratio (3x)


Price to Book Ratio

PB vs Industry: 152 is overvalued based on its PB Ratio (1.1x) compared to the HK Infrastructure industry average (0.8x).


Next Steps

Future Growth

How is Shenzhen International Holdings forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

2.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 152's forecast earnings growth (2.3% per year) is above the savings rate (2%).

Earnings vs Market: 152's earnings (2.3% per year) are forecast to grow slower than the Hong Kong market (11.2% per year).

High Growth Earnings: 152's earnings are forecast to grow, but not significantly.

Revenue vs Market: 152's revenue (7.1% per year) is forecast to grow slower than the Hong Kong market (10% per year).

High Growth Revenue: 152's revenue (7.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: 152's Return on Equity is forecast to be low in 3 years time (12.9%).


Next Steps

Past Performance

How has Shenzhen International Holdings performed over the past 5 years?

18.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 152's earnings have grown by 18.7% per year over the past 5 years.

Accelerating Growth: 152's earnings growth over the past year (25.8%) exceeds its 5-year average (18.7% per year).

Earnings vs Industry: 152 earnings growth over the past year (25.8%) exceeded the Infrastructure industry 1.1%.


Return on Equity

High ROE: 152's Return on Equity (16.9%) is considered low.


Return on Assets

ROA vs Industry: 152 has a higher Return on Assets than the Infrastructure industry average last year.


Return on Capital Employed

ROCE Improving: 152's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Shenzhen International Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 152's short term assets (HK$29.4B) exceeds its short term liabilities (HK$14.9B)

Long Term Liabilities: 152's short term assets (29.4B) exceeds its long term liabilities (27.8B)


Debt to Equity History and Analysis

Debt Level: 152's debt to equity ratio (61.4%) is considered high

Reducing Debt: 152's debt to equity ratio has reduced from 76.8% to 61.4% over the past 5 years.

Debt Coverage: 152's debt is not well covered by operating cash flow (15.9%).

Interest Coverage: 152's interest payments on its debt are well covered by EBIT (3.4x coverage).


Balance Sheet

Inventory Level: 152 has a high level of physical assets or inventory.

Debt Coverage by Assets: 152's debt is covered by short term assets (assets are 1.099960x debt).


Next Steps

Dividend

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

2.37%

Current Dividend Yield


Dividend Yield vs Market

company2.4%marketbottom25%2.3%markettop25%6.3%industryaverage5.3%forecastin3Years6.6%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: 152's dividend (2.37%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.26%).

High Dividend: 152's dividend (2.37%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.33%).

Stable Dividend: 152's dividend payments have been volatile in the past 10 years.

Growing Dividend: 152's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (16.7%), 152's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 152's dividends in 3 years are forecast to be covered by earnings (79.4% payout ratio).


Next Steps

Management

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

3.3yrs

Average management tenure


CEO

Hai Li (52yo)

3.3yrs

Tenure

HK$1,641,000

Compensation

Mr. Hai Tao Li has been Chief Executive Officer and Executive Director of Shenzhen International Holdings Limited since June 08, 2016. Mr. Li held positions with the Bureau of the Administration for Indust ...


CEO Compensation Analysis

Compensation vs. Market: Hai's total compensation ($USD209.18K) is below average for companies of similar size in the Hong Kong market ($USD496.06K).

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


Management Age and Tenure

3.3yrs

Average Tenure

55yo

Average Age

Experienced Management: 152's management team is considered experienced (3.3 years average tenure).


Board Age and Tenure

5.1yrs

Average Tenure

55.5yo

Average Age

Experienced Board: 152's board of directors are considered experienced (5.1 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

SellHK$15,590,60208 Jul 19
Horoy Enterprise Holdings Limited
EntityCompany
Shares1,008,500
Max PriceHK$15.46
BuyHK$735,13227 Jun 19
Lei Gao
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares55,147
Max PriceHK$13.33
BuyHK$127,95927 Jun 19
Wei Hu
EntityIndividual
Role
Member of the Board of Directors
Executive Director
Shares9,599
Max PriceHK$13.33
BuyHK$36,79227 Jun 19
Hai Li
EntityIndividual
Role
Chief Executive Officer
CEO & Executive Director
Shares2,760
Max PriceHK$13.33
BuyHK$415,50927 Jun 19
Shan Zhong
EntityIndividual
Role
Member of the Board of Directors
Executive Director
Shares31,170
Max PriceHK$13.33
SellHK$38,999,89125 Apr 19
Horoy Enterprise Holdings Limited
EntityCompany
Shares2,194,000
Max PriceHK$17.78
SellHK$2,151,30023 Apr 19
Jun Liu
EntityIndividual
Role
Member of the Board of Directors
Executive Director
Shares120,000
Max PriceHK$17.93
BuyHK$14,459,69815 Apr 19
UBS Asset Management
EntityCompany
Shares828,000
Max PriceHK$17.46
SellHK$1,398,40012 Apr 19
Jun Liu
EntityIndividual
Role
Member of the Board of Directors
Executive Director
Shares80,000
Max PriceHK$17.48
SellHK$45,332,89629 Mar 19
Horoy Enterprise Holdings Limited
EntityCompany
Shares2,741,500
Max PriceHK$16.54
SellHK$21,639,77020 Feb 19
Horoy International Holdings Limited
EntityCompany
Shares1,388,500
Max PriceHK$15.58
SellHK$20,630,25728 Jan 19
Horoy Enterprise Holdings Limited
EntityCompany
Shares1,349,000
Max PriceHK$15.29
SellHK$16,268,71809 Nov 18
Horoy International Holdings Limited
EntityCompany
Shares1,049,500
Max PriceHK$15.50
BuyHK$5,942,28630 Oct 18
UBS Asset Management
EntityCompany
Shares407,500
Max PriceHK$14.58

Ownership Breakdown


Management Team

  • Shan Zhong (55yo)

    Executive Director

    • Tenure: 4.8yrs
    • Compensation: HK$1.54m
  • Lei Gao (59yo)

    Chairman of the Board

    • Tenure: 7.1yrs
    • Compensation: HK$1.64m
  • Jun Liu (55yo)

    Executive Director

    • Tenure: 15.4yrs
    • Compensation: HK$1.51m
  • Mei Mei Tam

    Company Secretary

    • Tenure: 11.6yrs
  • Wei Hu (57yo)

    Executive Director

    • Tenure: 2.4yrs
    • Compensation: HK$2.17m
  • Jing Ming Dai (54yo)

    Financial Controller

    • Tenure: 2.2yrs
  • Zhi Jian (56yo)

    Chief Compliance Officer

    • Tenure: 0yrs
  • Hai Li (52yo)

    CEO & Executive Director

    • Tenure: 3.3yrs
    • Compensation: HK$1.64m

Board Members

  • Shan Zhong (55yo)

    Executive Director

    • Tenure: 4.8yrs
    • Compensation: HK$1.54m
  • Lei Gao (59yo)

    Chairman of the Board

    • Tenure: 7.1yrs
    • Compensation: HK$1.64m
  • Yun Wing Nip (65yo)

    Independent Non-Executive Director

    • Tenure: 15.2yrs
    • Compensation: HK$350.00k
  • Jun Liu (55yo)

    Executive Director

    • Tenure: 15.4yrs
    • Compensation: HK$1.51m
  • Xun Ding (59yo)

    Independent Non-Executive Director

    • Tenure: 18yrs
    • Compensation: HK$350.00k
  • Fung Yim (56yo)

    Independent Non-Executive Director

    • Tenure: 5.4yrs
    • Compensation: HK$350.00k
  • Wei Hu (57yo)

    Executive Director

    • Tenure: 2.4yrs
    • Compensation: HK$2.17m
  • Hai Li (52yo)

    CEO & Executive Director

    • Tenure: 3.3yrs
    • Compensation: HK$1.64m
  • Chu Xie (49yo)

    Non-Executive Director

    • Tenure: 2.4yrs
    • Compensation: HK$200.00k
  • Xiao Liu (48yo)

    Non-Executive Director

    • Tenure: 2.2yrs
    • Compensation: HK$177.00k

Company Information

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


Key Information

  • Name: Shenzhen International Holdings Limited
  • Ticker: 152
  • Exchange: SEHK
  • Founded:
  • Industry: Highways and Railtracks
  • Sector: Transportation
  • Market Cap: HK$32.729b
  • Shares outstanding: 2.14b
  • Website: https://www.szihl.com

Number of Employees


Location

  • Shenzhen International Holdings Limited
  • Greenfield Tower
  • Rooms 2206-2208, 22nd Floor
  • Tsimshatsui East
  • Kowloon
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SXYADB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
152SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJan 1992
SZIH.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
152SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesOrdinary SharesHKHKDJan 1992
152SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesOrdinary SharesHKHKDJan 1992

Biography

Shenzhen International Holdings Limited, an investment holding company, invests in, constructs, and operates logistic infrastructure facilities primarily in the People’s Republic of China. It operates thro ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/15 12:36
End of Day Share Price2019/10/15 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.