SGX:BHD

Stock Analysis Report

China Mining International

Executive Summary

China Mining International Limited, an investment holding company, develops and sells commercial and residential properties in the People’s Republic of China.

Risk Analysis

Has less than 1 year of cash runway

Does not have a meaningful market cap (SGD12M)

Currently unprofitable and not forecast to become profitable over the next 3 years

Does not have meaningful revenue (CN¥14M)



Snowflake Analysis

Excellent balance sheet with weak fundamentals.

Share Price & News

How has China Mining International's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

BHD

-2.1%

SG Real Estate

-1.4%

SG Market


1 Year Return

n/a

BHD

-1.4%

SG Real Estate

0.7%

SG Market

Return vs Industry: Insufficient data to determine how BHD performed against the SG Real Estate industry.

Return vs Market: Insufficient data to determine how BHD performed against the SG Market.


Shareholder returns

BHDIndustryMarket
7 Day0%-2.1%-1.4%
30 Day-19.6%0.7%0.5%
90 Dayn/a3.2%1.9%
1 Yearn/a1.7%-1.4%4.8%0.7%
3 Year-86.1%-86.1%4.4%-3.8%13.7%1.6%
5 Year-86.1%-86.1%-2.0%-14.5%11.5%-7.2%

Price Volatility Vs. Market

How volatile is China Mining International's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is China Mining International undervalued compared to its fair value and its price relative to the market?

0.74x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate BHD's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate BHD's fair value to establish if it is undervalued.


Price To Earnings Ratio

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

PE vs Market: BHD is unprofitable, so we can't compare its PE Ratio to the SG market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: BHD is overvalued based on its PB Ratio (0.7x) compared to the SG Real Estate industry average (0.5x).


Next Steps

Future Growth

How is China Mining International forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

4.8%

Forecasted Real Estate 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 China Mining International 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.


Next Steps

Past Performance

How has China Mining International performed over the past 5 years?

58.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BHD is currently unprofitable.

Growing Profit Margin: BHD is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BHD is unprofitable, but has reduced losses over the past 5 years at a rate of 58% per year.

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

Earnings vs Industry: BHD is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (-7.2%).


Return on Equity

High ROE: BHD has a negative Return on Equity (-13.94%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is China Mining International's financial position?


Financial Position Analysis

Short Term Liabilities: BHD's short term assets (CN¥65.9M) exceed its short term liabilities (CN¥65.1M).

Long Term Liabilities: BHD has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: BHD is debt free.

Reducing Debt: BHD has no debt compared to 5 years ago when its debt to equity ratio was 5.9%.


Balance Sheet

Inventory Level: BHD has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if BHD's debt is covered by short term assets.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: BHD has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: BHD has less than a year of cash runway if free cash flow continues to grow at historical rates of 64.4% each year.


Next Steps

Dividend

What is China Mining International's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.5%markettop25%5.5%industryaverage3.1%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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


Stability and Growth of Payments

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

Growing Dividend: Insufficient data to determine if BHD'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 BHD's dividend in 3 years as they are not forecast to pay a notable one for the SG market.


Next Steps

Management

What is the CEO of China Mining International's salary, the management and board of directors tenure and is there insider trading?

8.7yrs

Average management tenure


CEO

Bin Li (45yo)

7.8yrs

Tenure

0

Mr. Li Bin has been the Chief Executive Officer of China Mining International Limited (formerly, Sunshine Holdings Limited) since March 16, 2012 and its Executive Director since November 12, 2007. Mr. Li s ...


Management Age and Tenure

8.7yrs

Average Tenure

50.5yo

Average Age

Experienced Management: BHD's management team is seasoned and experienced (8.7 years average tenure).


Board Age and Tenure

8.8yrs

Average Tenure

59.5yo

Average Age

Experienced Board: BHD's board of directors are considered experienced (8.8 years average tenure).


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

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


Management Team

  • Soon Soo Foo (60yo)

    Joint Company Secretary

    • Ying Hui Guo

      Founder & Executive Chairman

      • Kebin Zhai (44yo)

        Chief Project Planning & Development officer

        • Chengyi Guo (56yo)

          General Manager of Zhoukou Xinshijia Real Estate Co Ltd

          • Tenure: 12yrs
        • Bin Li (45yo)

          CEO & Executive Director

          • Tenure: 7.8yrs
        • Ling Ling Dong

          GM of Finance Department & Executive Director

          • Tenure: 8.8yrs
        • Kok Weng Ho

          CFO & Joint Company Secretary

          • Tenure: 0.5yrs

        Board Members

        • Han Lim (61yo)

          Independent & Non-Executive Director

          • Tenure: 14.1yrs
        • Ying Hui Guo

          Founder & Executive Chairman

          • Jincheng Ning (63yo)

            Independent & Non Executive Director

            • Tenure: 6.8yrs
          • Bin Li (45yo)

            CEO & Executive Director

            • Tenure: 7.8yrs
          • Ling Ling Dong

            GM of Finance Department & Executive Director

            • Tenure: 8.8yrs
          • Siew Wei Chan (58yo)

            Non-Executive & Independent Director

            • Tenure: 7.7yrs

          Company Information

          China Mining International Limited's company bio, employee growth, exchange listings and data sources


          Key Information

          • Name: China Mining International Limited
          • Ticker: BHD
          • Exchange: SGX
          • Founded: 1999
          • Industry: Real Estate Development
          • Sector: Real Estate
          • Market Cap: S$12.028m
          • Shares outstanding: 146.69m
          • Website: https://www.chinamining-international.com

          Number of Employees


          Location

          • China Mining International Limited
          • Zhong Chuang Building
          • 6th Floor, Unit 605
          • Zhengzhou
          • Henan Province
          • 450000
          • China

          Listings

          TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
          BHDSGX (Singapore Exchange)YesOrdinary SharesSGSGDMar 2006

          Biography

          China Mining International Limited, an investment holding company, develops and sells commercial and residential properties in the People’s Republic of China. The company also leases commercial properties; and provides property management, real estate information consultation, and real estate marketing planning services. In addition, it invests in mining business; and offers mining consultancy services. The company was formerly known as Sunshine Holdings Limited and changed its name to China Mining International Limited in March 2012. China Mining International Limited was founded in 1999 and is based in Zhengzhou, the People’s Republic of China. 


          Company Analysis and Financial Data Status

          All financial data provided by Standard & Poor's Capital IQ.
          DataLast Updated (UTC time)
          Company Analysis2020/01/26 13:01
          End of Day Share Price2020/01/09 00:00
          Earnings2019/09/30
          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.