SEHK:152

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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. More Details


Snowflake Analysis

Established dividend payer with mediocre balance sheet.

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

Stable Share Price: 152 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

152

-1.5%

HK Infrastructure

-0.6%

HK Market


1 Year Return

-11.6%

152

-19.3%

HK Infrastructure

0.9%

HK Market

Return vs Industry: 152 exceeded the Hong Kong Infrastructure industry which returned -19.3% over the past year.

Return vs Market: 152 underperformed the Hong Kong Market which returned 0.9% over the past year.


Shareholder returns

152IndustryMarket
7 Day0%-1.5%-0.6%
30 Day2.9%-3.1%0.02%
90 Day3.4%-5.1%-1.7%
1 Year-4.1%-11.6%-14.3%-19.3%5.1%0.9%
3 Year7.9%-12.4%-31.7%-41.9%-6.1%-16.3%
5 Year45.0%9.2%-18.3%-36.3%14.1%-5.3%

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?

5.23x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 152 (HK$13.3) is trading above our estimate of fair value (HK$9.49)

Significantly Below Fair Value: 152 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 152 is good value based on its PE Ratio (5.2x) compared to the HK Infrastructure industry average (9.8x).

PE vs Market: 152 is good value based on its PE Ratio (5.2x) compared to the Hong Kong market (11.2x).


Price to Earnings Growth Ratio

PEG Ratio: 152's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: 152 is overvalued based on its PB Ratio (0.9x) compared to the HK Infrastructure industry average (0.6x).


Next Steps

Future Growth

How is Shenzhen International Holdings forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

-6.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 152's earnings are forecast to decline over the next 3 years (-6.7% per year).

Earnings vs Market: 152's earnings are forecast to decline over the next 3 years (-6.7% per year).

High Growth Earnings: 152's earnings are forecast to decline over the next 3 years.

Revenue vs Market: 152's revenue (12.1% per year) is forecast to grow slower than the Hong Kong market (13.3% per year).

High Growth Revenue: 152's revenue (12.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 152's Return on Equity is forecast to be low in 3 years time (11.5%).


Next Steps

Past Performance

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

22.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 152 has a large one-off gain of HK$6.8B impacting its June 30 2020 financial results.

Growing Profit Margin: 152's current net profit margins (35.4%) are lower than last year (38.1%).


Past Earnings Growth Analysis

Earnings Trend: 152's earnings have grown significantly by 22.8% per year over the past 5 years.

Accelerating Growth: 152's earnings growth over the past year (20.4%) is below its 5-year average (22.8% per year).

Earnings vs Industry: 152 earnings growth over the past year (20.4%) exceeded the Infrastructure industry -7.2%.


Return on Equity

High ROE: 152's Return on Equity (14.2%) is considered low.


Next Steps

Financial Health

How is Shenzhen International Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 152's short term assets (HK$36.4B) exceed its short term liabilities (HK$21.9B).

Long Term Liabilities: 152's short term assets (HK$36.4B) exceed its long term liabilities (HK$30.0B).


Debt to Equity History and Analysis

Debt Level: 152's debt to equity ratio (68.6%) is considered high.

Reducing Debt: 152's debt to equity ratio has increased from 60.6% to 68.6% over the past 5 years.

Debt Coverage: 152's debt is not well covered by operating cash flow (9%).

Interest Coverage: 152's interest payments on its debt are well covered by EBIT (5.8x coverage).


Balance Sheet


Next Steps

Dividend

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

8.80%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 152's dividend (8.8%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.25%).

High Dividend: 152's dividend (8.8%) is in the top 25% of dividend payers in the Hong Kong market (6.83%)


Stability and Growth of Payments

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 (20.8%), 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 (52.1% payout ratio).


Next Steps

Management

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

0.2yrs

Average management tenure


CEO

Hai Tao Li (53 yo)

4.33yrs

Tenure

HK$1,600,000

Compensation

Mr. Hai Tao Li serves as Chairman of the Board at Shenzhen International Holdings Limited since May 6, 2020. Mr. Li has been Chief Executive Officer and Executive Director of Shenzhen International Holding ...


CEO Compensation Analysis

Compensation vs Market: Hai Tao's total compensation ($USD206.45K) is below average for companies of similar size in the Hong Kong market ($USD633.70K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Hai Tao Li
CEO & Chairman of the Board4.33yrsHK$1.60m0.0017%
HK$ 498.3k
Zhi Long Jian
Chief Compliance Officerno datano datano data
Peihang Wang
Executive Director0.083yrno datano data
Jing Ming Dai
Financial Controller & Executive Director0.083yrno datano data
Wang Liu
Joint Company Secretary0.17yrno datano data
Yuen Ling Lam
Joint Company Secretary0.17yrno datano data

0.2yrs

Average Tenure

54yo

Average Age

Experienced Management: 152's management team is not considered experienced ( 0.2 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Hai Tao Li
CEO & Chairman of the Board4.33yrsHK$1.60m0.0017%
HK$ 498.3k
Peihang Wang
Executive Director0.083yrno datano data
Jing Ming Dai
Financial Controller & Executive Director0.083yrno datano data
King Chung Chan
Independent Non-Executive Director0.33yrno datano data
Wei Hu
Non Executive Director3.42yrsHK$1.56m0.0059%
HK$ 1.7m
Tai-Chiu Cheng
Independent Non-Executive Director2.17yrsHK$351.00kno data
Chao Jin Pan
Independent Non-Executive Director0.33yrno datano data

0.3yrs

Average Tenure

55yo

Average Age

Experienced Board: 152's board of directors are not considered experienced ( 0.3 years average tenure), which suggests a new board.


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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

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: 1994
  • Industry: Highways and Railtracks
  • Sector: Transportation
  • Market Cap: HK$29.142b
  • Shares outstanding: 2.19b
  • Website: https://www.szihl.com

Number of Employees


Location

  • Shenzhen International Holdings Limited
  • Greenfield Tower
  • Rooms 2206-2208, 22nd Floor
  • Tsim Sha Tsui
  • 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 Analysis2020/10/20 12:53
End of Day Share Price2020/10/20 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.