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

Proven track record average dividend payer.

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

-1.0%

SEHK:152

-1.7%

HK Infrastructure

-0.2%

HK Market


1 Year Return

2.8%

SEHK:152

-0.9%

HK Infrastructure

-4.5%

HK Market

152 outperformed the Infrastructure industry which returned -0.9% over the past year.

152 outperformed the Market in Hong Kong which returned -4.5% over the past year.


Share holder returns

152IndustryMarket
7 Day-1.0%-1.7%-0.2%
30 Day4.8%1.2%2.7%
90 Day-13.4%-7.3%-8.3%
1 Year10.1%2.8%4.6%-0.9%-1.1%-4.5%
3 Year57.2%33.9%4.7%-8.8%29.4%16.5%
5 Year102.9%60.3%14.4%-9.0%21.3%1.0%

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 based on future cash flows and its price relative to the stock market?

7.51x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for Shenzhen International Holdings to establish if it is available at moderate discount.

Unable to calculate intrinsic value for Shenzhen International Holdings to establish if it is available at substantial discount.


Price Based on Earnings

Shenzhen International Holdings is good value based on earnings compared to the HK Infrastructure industry average.

Shenzhen International Holdings is good value based on earnings compared to the Hong Kong market.


Price Based on Expected Growth

Shenzhen International Holdings is poor value based on expected growth next year.


Price Based on Value of Assets

Shenzhen International Holdings is overvalued based on assets compared to the HK Infrastructure industry average.


Next Steps

Future Growth

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

3.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Shenzhen International Holdings's revenue is expected to grow by 7.5% yearly, however this is not considered high growth (20% yearly).

Shenzhen International Holdings's earnings are expected to grow by 3.5% yearly, however this is not considered high growth (20% yearly).

Shenzhen International Holdings's revenue growth is positive but not above the Hong Kong market average.

Shenzhen International Holdings's earnings growth is positive but not above the Hong Kong market average.

Shenzhen International Holdings's earnings growth is expected to exceed the low risk savings rate of 2%.


Earnings per Share Growth Estimates


Future Return on Equity

Shenzhen International Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

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

17.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Shenzhen International Holdings's year on year earnings growth rate has been positive over the past 5 years.

Shenzhen International Holdings's 1-year earnings growth is less than its 5-year average (10.4% vs 17.1%)

Shenzhen International Holdings's earnings growth has exceeded the HK Infrastructure industry average in the past year (10.4% vs 7.3%).


Return on Equity

Shenzhen International Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Shenzhen International Holdings used its assets more efficiently than the HK Infrastructure industry average last year based on Return on Assets.


Return on Capital Employed

Shenzhen International Holdings has improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Shenzhen International Holdings's financial position?


Financial Position Analysis

Shenzhen International Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Shenzhen International Holdings's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Shenzhen International Holdings's level of debt (60%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (79.2% vs 60% today).

Debt is not well covered by operating cash flow (7.9%, less than 20% of total debt).

Interest payments on debt are not well covered by earnings (EBIT is 3x annual interest expense, ideally 3x coverage).


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 1.1x debt.


Next Steps

Dividend

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

5.88%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Shenzhen International Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.09%).

Shenzhen International Holdings's dividend is below the markets top 25% of dividend payers in Hong Kong (5.74%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (5.6x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be covered by earnings (1.8x coverage).


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?

3.1yrs

Average management tenure


CEO

Hai Li (52yo)

3.1yrs

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

Hai's remuneration is lower than average for companies of similar size in Hong Kong.

Hai's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

3.1yrs

Average Tenure

55yo

Average Age

The tenure for the Shenzhen International Holdings management team is about average.


Board Age and Tenure

4.8yrs

Average Tenure

55.5yo

Average Age

The tenure for the Shenzhen International Holdings board of directors is about average.


Insider Trading

More shares have been bought than sold by Shenzhen International Holdings individual insiders 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$36,79227 Jun 19
Hai Li
EntityIndividual
Role
CEO & Executive Director
Member of the Board of Directors
Shares2,760
Max PriceHK$13.33
BuyHK$127,95927 Jun 19
Wei Hu
EntityIndividual
Role
Executive Director
Member of the Board of Directors
Shares9,599
Max PriceHK$13.33
BuyHK$735,13227 Jun 19
Lei Gao
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares55,147
Max PriceHK$13.33
BuyHK$415,50927 Jun 19
Shan Zhong
EntityIndividual
Role
Executive Director
Member of the Board of Directors
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
Executive Director
Member of the Board of Directors
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
Executive Director
Member of the Board of Directors
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
BuyHK$1,016,22920 Sep 18
Lei Gao
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares70,500
Max PriceHK$14.41
BuyHK$2,514,60114 Sep 18
Shan Zhong
EntityIndividual
Role
Executive Director
Member of the Board of Directors
Shares180,000
Max PriceHK$13.97
BuyHK$1,314,54010 Sep 18
Lei Gao
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares90,000
Max PriceHK$14.61
SellHK$3,68229 Aug 18
Chu Xie
EntityIndividual
Role
Member of the Board of Directors
Shares263
Max PriceHK$14.00
SellHK$4,342,03228 Aug 18
Chu Xie
EntityIndividual
Role
Member of the Board of Directors
Shares310,500
Max PriceHK$13.98

Ownership Breakdown


Management Team

  • Shan Zhong (55yo)

    Executive Director

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

    Chairman of the Board

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

    Executive Director

    • Compensation: HK$1.51m
  • Mei Mei Tam

    Company Secretary

    • Tenure: 11.3yrs
  • Wei Hu (57yo)

    Executive Director

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

    Financial Controller

    • Tenure: 1.9yrs
  • Zhi Jian (56yo)

    Chief Compliance Officer

  • Hai Li (52yo)

    CEO & Executive Director

    • Tenure: 3.1yrs
    • Compensation: HK$1.64m

Board Members

  • Jun Liu (55yo)

    Executive Director

    • Tenure: 15.2yrs
    • Compensation: HK$1.51m
  • Shan Zhong (55yo)

    Executive Director

    • Tenure: 4.5yrs
    • Compensation: HK$1.54m
  • Hai Li (52yo)

    CEO & Executive Director

    • Tenure: 3.1yrs
    • Compensation: HK$1.64m
  • Wei Hu (57yo)

    Executive Director

    • Tenure: 2.2yrs
    • Compensation: HK$2.17m
  • Xun Ding (59yo)

    Independent Non-Executive Director

    • Tenure: 17.8yrs
    • Compensation: HK$350.00k
  • Chu Xie (49yo)

    Non-Executive Director

    • Tenure: 2.2yrs
    • Compensation: HK$200.00k
  • Fung Yim (56yo)

    Independent Non-Executive Director

    • Tenure: 5.2yrs
    • Compensation: HK$350.00k
  • Yun Wing Nip (65yo)

    Independent Non-Executive Director

    • Tenure: 14.9yrs
    • Compensation: HK$350.00k
  • Lei Gao (59yo)

    Chairman of the Board

    • Tenure: 6.8yrs
    • Compensation: HK$1.64m
  • Xiao Liu (48yo)

    Non-Executive Director

    • Tenure: 1.9yrs
    • 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$33.021b
  • Shares outstanding: 2.14b
  • Website: Click here

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 Analysis2019/07/19 12:41
End of Day Share Price2019/07/19 00:00
Earnings2018/12/31
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.