SEHK:8430

Stock Analysis Report

Executive Summary

C&N Holdings Limited, an investment holding company, provides transport and storage services to the logistics industry in Singapore.

Snowflake

Fundamentals

Adequate balance sheet and fair value.

Share Price & News

How has C&N Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-5.6%

8430

0.9%

HK Transportation

0.3%

HK Market


1 Year Return

-85.4%

8430

10.8%

HK Transportation

1.3%

HK Market

Return vs Industry: 8430 underperformed the Hong Kong Transportation industry which returned 10.8% over the past year.

Return vs Market: 8430 underperformed the Hong Kong Market which returned 1.3% over the past year.


Shareholder returns

8430IndustryMarket
7 Day-5.6%0.9%0.3%
30 Day13.3%-3.2%0.5%
90 Day-8.1%-16.1%-4.6%
1 Year-85.4%-85.4%13.6%10.8%4.9%1.3%
3 Yearn/a4.5%-6.1%15.3%3.7%
5 Yearn/a52.6%25.5%20.0%-0.006%

Price Volatility Vs. Market

How volatile is C&N Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is C&N 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

Below Fair Value: 8430 (HK$0.07) is trading below our estimate of fair value (HK$0.18)

Significantly Below Fair Value: 8430 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 8430 is unprofitable, so we can't compare its PE Ratio to the Transportation industry average.

PE vs Market: 8430 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 8430's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 8430 is good value based on its PB Ratio (0.4x) compared to the HK Transportation industry average (0.9x).


Next Steps

Future Growth

How is C&N Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

42.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 8430 is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: 8430 is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: 8430 is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: Insufficient data to determine if 8430's revenue is forecast to grow faster than the Hong Kong market.

High Growth Revenue: Insufficient data to determine if 8430's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 8430's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has C&N Holdings performed over the past 5 years?

-95.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 8430 is unprofitable, and losses have increased over the past 5 years at a rate of -95.8% per year.

Accelerating Growth: Unable to compare 8430's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 8430 is unprofitable, making it difficult to compare its past year earnings growth to the Transportation industry (-12.2%).


Return on Equity

High ROE: 8430 has a negative Return on Equity (-3.41%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: 8430 is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: 8430 is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is C&N Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 8430's short term assets (SGD14.3M) exceeds its short term liabilities (SGD4.8M)

Long Term Liabilities: 8430's short term assets (14.3M) exceeds its long term liabilities (2.2M)


Debt to Equity History and Analysis

Debt Level: 8430's debt to equity ratio (2.6%) is considered satisfactory

Reducing Debt: Insufficient data to determine if 8430's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 8430's debt is well covered by operating cash flow (423%).

Interest Coverage: Insufficient data to determine if 8430's interest payments on its debt are well covered by EBIT.


Balance Sheet

Inventory Level: 8430 has a high level of physical assets or inventory.

Debt Coverage by Assets: 8430's debt is covered by short term assets (assets are 26.463180x debt).


Next Steps

Dividend

What is C&N Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.3%markettop25%6.2%industryaverage2.8%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate 8430's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 8430's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if 8430's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 8430's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 8430's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

What is the CEO of C&N Holdings's salary, the management and board of directors tenure and is there insider trading?

2.1yrs

Average board tenure


CEO

Kang Lim Chua (65yo)

2.6yrs

Tenure

S$660,588

Compensation

Mr. Kang Lim Chua has been Chief Executive Officer of C&N Holdings Limited since March 27, 2017. Mr. Chua is the Founder of C&N Holdings Limited. He is responsible for Overall strategic planning and busine ...


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether Kang Lim's total compensation is reasonable compared to companies of similar size in the Hong Kong market.

Compensation vs Earnings: Kang Lim's compensation has increased whilst the company is unprofitable.


Board Age and Tenure

2.1yrs

Average Tenure

46yo

Average Age

Experienced Board: 8430's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Sharlene Li (34yo)

    Financial Controller

    • Tenure: 0yrs
  • Kang Lim Chua (65yo)

    Chairman

    • Tenure: 2.6yrs
    • Compensation: S$660.59k
  • Sui Feng Chua (39yo)

    Executive Director

    • Tenure: 2.7yrs
    • Compensation: S$157.95k
  • Man Leong Chang (41yo)

    Company Secretary

    • Tenure: 2.6yrs
  • Chin Ho Chua (55yo)

    Senior Manager of Sales

    • Tenure: 0yrs
  • Shu Hui Chua (41yo)

    Purchasing & Human Resources Director

    • Tenure: 0yrs

Board Members

  • Choong Kuen Kwong (46yo)

    Independent Non-Executive Director

    • Tenure: 2.1yrs
    • Compensation: S$25.00k
  • Kang Lim Chua (65yo)

    Chairman

    • Tenure: 2.6yrs
    • Compensation: S$660.59k
  • Sui Feng Chua (39yo)

    Executive Director

    • Tenure: 2.7yrs
    • Compensation: S$157.95k
  • Dax Teo (40yo)

    Independent Non-Executive Director

    • Tenure: 2.1yrs
    • Compensation: S$20.00k
  • Grace Choong (50yo)

    Independent Non-Executive Director

    • Tenure: 2.1yrs
    • Compensation: S$20.00k

Company Information

C&N Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: C&N Holdings Limited
  • Ticker: 8430
  • Exchange: SEHK
  • Founded: 1992
  • Industry: Trucking
  • Sector: Transportation
  • Market Cap: HK$43.520m
  • Shares outstanding: 640.00m
  • Website: https://www.cnlimited.com

Number of Employees


Location

  • C&N Holdings Limited
  • No. 06-03, 3 Soon Lee Street
  • Pioneer Junction
  • Singapore
  • 627606
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
8430SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDOct 2017

Biography

C&N Holdings Limited, an investment holding company, provides transport and storage services to the logistics industry in Singapore. The company operates in two segments, Trucking and Hubbing. The Trucking ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 12:51
End of Day Share Price2019/10/22 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.