392 Stock Overview
Beijing Enterprises Holdings Limited, an investment holding company, engages in piped gas, brewery, water and environmental, solid waste treatment, and other businesses in Mainland China and Germany.
Beijing Enterprises Holdings Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||HK$22.05|
|52 Week High||HK$32.90|
|52 Week Low||HK$21.30|
|1 Month Change||-5.77%|
|3 Month Change||-20.97%|
|1 Year Change||-29.21%|
|3 Year Change||-38.32%|
|5 Year Change||-50.06%|
|Change since IPO||-44.88%|
Recent News & Updates
Beijing Enterprises Holdings' (HKG:392) Dividend Will Be Increased To HK$0.50
Beijing Enterprises Holdings Limited ( HKG:392 ) has announced that it will be increasing its periodic dividend on the...
Beijing Enterprises Holdings (HKG:392) Use Of Debt Could Be Considered Risky
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
|392||HK Gas Utilities||HK Market|
Return vs Industry: 392 exceeded the Hong Kong Gas Utilities industry which returned -37.2% over the past year.
Return vs Market: 392 matched the Hong Kong Market which returned -29.1% over the past year.
|392 Average Weekly Movement||4.0%|
|Gas Utilities Industry Average Movement||4.4%|
|Market Average Movement||6.4%|
|10% most volatile stocks in HK Market||12.5%|
|10% least volatile stocks in HK Market||3.1%|
Stable Share Price: 392 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: 392's weekly volatility (4%) has been stable over the past year.
About the Company
Beijing Enterprises Holdings Limited, an investment holding company, engages in piped gas, brewery, water and environmental, solid waste treatment, and other businesses in Mainland China and Germany. Its Piped Gas Operation segment distributes and sells piped natural gas and gas-related equipment; provides natural gas transmission services, as well as repair and maintenance services; surveys and plots underground construction projects; and installs gas pipelines and related equipment. The company’s Brewery Operation segment produces, distributes, and sells brewery products.
Beijing Enterprises Holdings Fundamentals Summary
|392 fundamental statistics|
Is 392 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|392 income statement (TTM)|
|Cost of Revenue||HK$73.14b|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||6.84|
|Net Profit Margin||10.03%|
How did 392 perform over the long term?See historical performance and comparison
6.1%Current Dividend Yield
Is 392 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 5/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 392?
Other financial metrics that can be useful for relative valuation.
|What is 392's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does 392's PE Ratio compare to its peers?
|392 PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
135 Kunlun Energy
3633 Zhongyu Energy Holdings
384 China Gas Holdings
1193 China Resources Gas Group
392 Beijing Enterprises Holdings
Price-To-Earnings vs Peers: 392 is good value based on its Price-To-Earnings Ratio (3.2x) compared to the peer average (11.3x).
Price to Earnings Ratio vs Industry
How does 392's PE Ratio compare vs other companies in the Asian Gas Utilities Industry?
Price-To-Earnings vs Industry: 392 is good value based on its Price-To-Earnings Ratio (3.2x) compared to the Asian Gas Utilities industry average (16.2x)
Price to Earnings Ratio vs Fair Ratio
What is 392's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||3.2x|
|Fair PE Ratio||10.4x|
Price-To-Earnings vs Fair Ratio: 392 is good value based on its Price-To-Earnings Ratio (3.2x) compared to the estimated Fair Price-To-Earnings Ratio (10.4x).
Share Price vs Fair Value
What is the Fair Price of 392 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 392 (HK$22.05) is trading below our estimate of fair value (HK$77.85)
Significantly Below Fair Value: 392 is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.
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How is Beijing Enterprises Holdings forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Future Growth Score1/6
Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 392's forecast earnings growth (3.5% per year) is above the savings rate (1.6%).
Earnings vs Market: 392's earnings (3.5% per year) are forecast to grow slower than the Hong Kong market (17% per year).
High Growth Earnings: 392's earnings are forecast to grow, but not significantly.
Revenue vs Market: 392's revenue (2.3% per year) is forecast to grow slower than the Hong Kong market (9.8% per year).
High Growth Revenue: 392's revenue (2.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 392's Return on Equity is forecast to be low in 3 years time (8.6%).
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How has Beijing Enterprises Holdings performed over the past 5 years?
Past Performance Score4/6
Past Performance Score 4/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 392 has high quality earnings.
Growing Profit Margin: 392's current net profit margins (10%) are lower than last year (10.5%).
Past Earnings Growth Analysis
Earnings Trend: 392's earnings have grown by 4.3% per year over the past 5 years.
Accelerating Growth: 392's earnings growth over the past year (7.4%) exceeds its 5-year average (4.3% per year).
Earnings vs Industry: 392 earnings growth over the past year (7.4%) exceeded the Gas Utilities industry -7.8%.
Return on Equity
High ROE: 392's Return on Equity (8.5%) is considered low.
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How is Beijing Enterprises Holdings's financial position?
Financial Health Score3/6
Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: 392's short term assets (HK$53.8B) do not cover its short term liabilities (HK$58.3B).
Long Term Liabilities: 392's short term assets (HK$53.8B) do not cover its long term liabilities (HK$57.1B).
Debt to Equity History and Analysis
Debt Level: 392's net debt to equity ratio (36.6%) is considered satisfactory.
Reducing Debt: 392's debt to equity ratio has reduced from 82.2% to 65.9% over the past 5 years.
Debt Coverage: 392's debt is not well covered by operating cash flow (10.6%).
Interest Coverage: 392's interest payments on its debt are well covered by EBIT (5.3x coverage).
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What is Beijing Enterprises Holdings's current dividend yield, its reliability and sustainability?
Dividend Score 4/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
|Beijing Enterprises Holdings Dividend Yield vs Market|
|Company (Beijing Enterprises Holdings)||6.1%|
|Market Bottom 25% (HK)||3.0%|
|Market Top 25% (HK)||8.9%|
|Industry Average (Gas Utilities)||4.4%|
|Analyst forecast in 3 Years (Beijing Enterprises Holdings)||7.7%|
Notable Dividend: 392's dividend (6.12%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.98%).
High Dividend: 392's dividend (6.12%) is low compared to the top 25% of dividend payers in the Hong Kong market (8.91%).
Stability and Growth of Payments
Stable Dividend: 392's dividends per share have been stable in the past 10 years.
Growing Dividend: 392's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (19.7%), 392's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 392 is paying a dividend but the company has no free cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Bin Xiong (55 yo)
Mr. Bin Xiong serves as Executive Chairman of Beijing Enterprises Water Group Limited since July 11 2022 He serves as Non-Executive Vice Chairman of the Board at China Gas Holdings Limited since March 08,...
CEO Compensation Analysis
|Bin Xiong's Compensation vs Beijing Enterprises Holdings Earnings|
|Date||Total Comp.||Salary||Company Earnings|
|Jun 30 2022||n/a||n/a|
|Mar 31 2022||n/a||n/a|
|Dec 31 2021||HK$1m||HK$1m|
Compensation vs Market: Bin's total compensation ($USD131.85K) is below average for companies of similar size in the Hong Kong market ($USD706.44K).
Compensation vs Earnings: Insufficient data to compare Bin's compensation with company performance.
Experienced Management: 392's management team is seasoned and experienced (8.2 years average tenure).
Experienced Board: 392's board of directors are seasoned and experienced ( 14.5 years average tenure).
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
|17 May 22||BuyHK$1,040,000||Bin Xiong||Individual||40,000||HK$26.00|
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Beijing Enterprises Holdings Limited's employee growth, exchange listings and data sources
- Name: Beijing Enterprises Holdings Limited
- Ticker: 392
- Exchange: SEHK
- Founded: 1997
- Industry: Gas Utilities
- Sector: Utilities
- Implied Market Cap: HK$27.811b
- Shares outstanding: 1.26b
- Website: https://www.behl.com.hk
Number of Employees
- Beijing Enterprises Holdings Limited
- Central Plaza
- 66th Floor
- Wan Chai
- Hong Kong
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|BJIN.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||May 1997|
|BJEB||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||May 1997|
|392||SEHK (The Stock Exchange of Hong Kong Ltd.)||Yes||Ordinary Shares||HK||HKD||May 1997|
|392||SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)||Yes||Ordinary Shares||HK||HKD||May 1997|
|392||SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)||Yes||Ordinary Shares||HK||HKD||May 1997|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/30 00:00|
|End of Day Share Price||2022/09/30 00:00|
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.