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1430

Suchuang GasSEHK:1430 Stock Report

Market Cap

HK$2.2b

7D

0%

1Y

8.0%

Updated

26 Oct, 2021

Data

Company Financials
1430 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health4/6
Dividends1/6

1430 Overview

Suchuang Gas Corporation Limited, an investment holding company, engages in the distribution and sale of piped natural gas to industrial, commercial, and residential users in Mainland China and internationally.

Price History & Performance

Summary of all time highs, changes and price drops for Suchuang Gas
Historical stock prices
Current Share PriceHK$2.42
52 Week HighHK$1.77
52 Week LowHK$2.43
Beta0.22
1 Month Change0%
3 Month Change21.61%
1 Year Change8.04%
3 Year Change-7.28%
5 Year Change7.56%
Change since IPO15.79%

Recent News & Updates

Jun 14
Suchuang Gas (HKG:1430) Might Be Having Difficulty Using Its Capital Effectively

Suchuang Gas (HKG:1430) Might Be Having Difficulty Using Its Capital Effectively

What are the early trends we should look for to identify a stock that could multiply in value over the long term...

Shareholder Returns

1430HK Gas UtilitiesHK Market
7D0%0.4%-0.5%
1Y8.0%12.7%6.3%

Return vs Industry: 1430 underperformed the Hong Kong Gas Utilities industry which returned 10.2% over the past year.

Return vs Market: 1430 exceeded the Hong Kong Market which returned 6.7% over the past year.

Price Volatility

Is 1430's price volatile compared to industry and market?
1430 volatility
1430 Beta0.22
Industry Beta0.55
Market Beta1

Stable Share Price: 1430 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 1430's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2002419Shaozhou Duhttps://www.suchuanggas.com

Suchuang Gas Corporation Limited, an investment holding company, engages in the distribution and sale of piped natural gas to industrial, commercial, and residential users in Mainland China and internationally. It also provides natural gas transmission services; operates as a contractor for the construction and installation of gas pipelines; and constructs and operates natural gas refuelling stations. As of December 31, 2020, the company operated 5 compressed natural gas (CNG) /liquefied natural gas (LNG) refueling stations, including 3 stations in Guangyuan; 1 station in Taicang; and 1 station in Suzho; and served 627 commercial and industrial customers, and 260,500 residential customers.

Suchuang Gas Fundamentals Summary

How do Suchuang Gas's earnings and revenue compare to its market cap?
1430 fundamental statistics
Market CapCN¥1.80b
Earnings (TTM)CN¥65.45m
Revenue (TTM)CN¥1.28b

27.4x

P/E Ratio

1.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
1430 income statement (TTM)
RevenueCN¥1.28b
Cost of RevenueCN¥1.08b
Gross ProfitCN¥192.45m
ExpensesCN¥127.00m
EarningsCN¥65.45m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.072
Gross Margin15.08%
Net Profit Margin5.13%
Debt/Equity Ratio10.1%

How did 1430 perform over the long term?

See historical performance and comparison

Dividends

1.1%

Current Dividend Yield

30%

Payout Ratio

Valuation

Is Suchuang Gas undervalued compared to its fair value and its price relative to the market?

27.43x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 1430 (HK$2.42) is trading above our estimate of fair value (HK$0.67)

Significantly Below Fair Value: 1430 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 1430 is poor value based on its PE Ratio (27.4x) compared to the Hong Kong Gas Utilities industry average (10.2x).

PE vs Market: 1430 is poor value based on its PE Ratio (27.4x) compared to the Hong Kong market (9.6x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 1430's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 1430's PB Ratio (1.2x) is in line with the HK Gas Utilities industry average.


Future Growth

How is Suchuang Gas forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

4.0%

Forecasted Utilities industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Suchuang Gas has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Suchuang Gas performed over the past 5 years?

-16.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1430 has a large one-off gain of CN¥28.7M impacting its June 30 2021 financial results.

Growing Profit Margin: 1430's current net profit margins (5.1%) are lower than last year (5.6%).


Past Earnings Growth Analysis

Earnings Trend: 1430's earnings have declined by 16.3% per year over the past 5 years.

Accelerating Growth: 1430's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 1430 had negative earnings growth (-3.5%) over the past year, making it difficult to compare to the Gas Utilities industry average (43.6%).


Return on Equity

High ROE: 1430's Return on Equity (4.3%) is considered low.


Financial Health

How is Suchuang Gas's financial position?


Financial Position Analysis

Short Term Liabilities: 1430's short term assets (CN¥988.8M) exceed its short term liabilities (CN¥459.8M).

Long Term Liabilities: 1430's short term assets (CN¥988.8M) exceed its long term liabilities (CN¥179.8M).


Debt to Equity History and Analysis

Debt Level: 1430's debt to equity ratio (10.1%) is considered satisfactory.

Reducing Debt: 1430's debt to equity ratio has increased from 9.8% to 10.1% over the past 5 years.

Debt Coverage: 1430's debt is not well covered by operating cash flow (8.8%).

Interest Coverage: 1430 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Suchuang Gas's current dividend yield, its reliability and sustainability?

1.11%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 1430's dividend (1.11%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.24%).

High Dividend: 1430's dividend (1.11%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.8%).


Stability and Growth of Payments

Stable Dividend: 1430 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 1430 has only been paying a dividend for 6 years, and since then payments have not increased.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (30.4%), 1430's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

2.2yrs

Average management tenure


CEO

Shaozhou Du (68 yo)

7.08yrs

Tenure

CN¥1,252,000

Compensation

Mr. Shaozhou Du is the Chief Executive Officer of Suchuang Gas Corporation Limited and Executive Director since September 12, 2014 Mr. Du has over 45 years of experience in the oil and gas industry. He has...


CEO Compensation Analysis

Compensation vs Market: Shaozhou's total compensation ($USD196.06K) is below average for companies of similar size in the Hong Kong market ($USD290.41K).

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


Leadership Team

Experienced Management: 1430's management team is considered experienced (2.2 years average tenure).


Board Members

Experienced Board: 1430's board of directors are considered experienced (3.1 years average tenure).


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.


Ownership Breakdown

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


Top Shareholders

Company Information

Suchuang Gas Corporation Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Suchuang Gas Corporation Limited
  • Ticker: 1430
  • Exchange: SEHK
  • Founded: 2002
  • Industry: Gas Utilities
  • Sector: Utilities
  • Market Cap: HK$2.185b
  • Shares outstanding: 903.08m
  • Website: https://www.suchuanggas.com

Number of Employees


Location

  • Suchuang Gas Corporation Limited
  • 116 Loujiang South Road
  • Taicang City
  • Suzhou
  • Jiangsu Province
  • 215400
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 10:04
End of Day Share Price2021/09/24 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.