OTCPK:CTVI.F

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China Travel International Investment Hong Kong

Executive Summary

China Travel International Investment Hong Kong Limited, an investment holding company, provides travel and tourism services.


Snowflake Analysis

Flawless balance sheet and fair value.

Share Price & News

How has China Travel International Investment Hong Kong's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

CTVI.F

-0.9%

US Hospitality

2.6%

US Market


1 Year Return

-17.6%

CTVI.F

-27.9%

US Hospitality

15.4%

US Market

Return vs Industry: CTVI.F exceeded the US Hospitality industry which returned -26.7% over the past year.

Return vs Market: CTVI.F underperformed the US Market which returned 16.2% over the past year.


Shareholder returns

CTVI.FIndustryMarket
7 Day0%-0.9%2.6%
30 Day20.0%2.8%6.1%
90 Dayn/a9.8%16.6%
1 Year-17.6%-17.6%-26.3%-27.9%17.8%15.4%
3 Year-48.3%-48.3%-18.6%-24.1%43.9%34.7%
5 Year-59.5%-59.5%-2.5%-13.1%76.2%57.3%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is China Travel International Investment Hong Kong undervalued compared to its fair value and its price relative to the market?

16.67x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CTVI.F ($0.15) is trading above our estimate of fair value ($0.02)

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


Price To Earnings Ratio

PE vs Industry: CTVI.F is good value based on its PE Ratio (16.7x) compared to the US Hospitality industry average (26.6x).

PE vs Market: CTVI.F is good value based on its PE Ratio (16.7x) compared to the US market (18.3x).


Price to Earnings Growth Ratio

PEG Ratio: CTVI.F's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: CTVI.F is good value based on its PB Ratio (0.4x) compared to the US Hospitality industry average (1.6x).


Next Steps

Future Growth

How is China Travel International Investment Hong Kong forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

-4.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CTVI.F's earnings are forecast to decline over the next 3 years (-4.1% per year).

Earnings vs Market: CTVI.F's earnings are forecast to decline over the next 3 years (-4.1% per year).

High Growth Earnings: CTVI.F's earnings are forecast to decline over the next 3 years.

Revenue vs Market: CTVI.F's revenue (9% per year) is forecast to grow slower than the US market (9.4% per year).

High Growth Revenue: CTVI.F's revenue (9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CTVI.F's Return on Equity is forecast to be low in 3 years time (2.6%).


Next Steps

Past Performance

How has China Travel International Investment Hong Kong performed over the past 5 years?

-9.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CTVI.F has high quality earnings.

Growing Profit Margin: CTVI.F's current net profit margins (8.6%) are lower than last year (15.2%).


Past Earnings Growth Analysis

Earnings Trend: CTVI.F's earnings have declined by 9.5% per year over the past 5 years.

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

Earnings vs Industry: CTVI.F had negative earnings growth (-43.7%) over the past year, making it difficult to compare to the Hospitality industry average (-44.7%).


Return on Equity

High ROE: CTVI.F's Return on Equity (3.1%) is considered low.


Next Steps

Financial Health

How is China Travel International Investment Hong Kong's financial position?


Financial Position Analysis

Short Term Liabilities: CTVI.F's short term assets (HK$6.9B) exceed its short term liabilities (HK$2.9B).

Long Term Liabilities: CTVI.F's short term assets (HK$6.9B) exceed its long term liabilities (HK$1.5B).


Debt to Equity History and Analysis

Debt Level: CTVI.F's debt to equity ratio (0.5%) is considered satisfactory.

Reducing Debt: CTVI.F's debt to equity ratio has reduced from 5.3% to 0.5% over the past 5 years.

Debt Coverage: CTVI.F's debt is well covered by operating cash flow (496.2%).

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


Balance Sheet


Next Steps

Dividend

What is China Travel International Investment Hong Kong current dividend yield, its reliability and sustainability?

2.54%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CTVI.F's dividend (2.54%) is higher than the bottom 25% of dividend payers in the US market (1.65%).

High Dividend: CTVI.F's dividend (2.54%) is low compared to the top 25% of dividend payers in the US market (4.48%).


Stability and Growth of Payments

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

Growing Dividend: CTVI.F's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (42.4%), CTVI.F's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CTVI.F's dividends in 3 years are forecast to be well covered by earnings (45% payout ratio).


Next Steps

Management

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

0.6yrs

Average management tenure


CEO

Qiang Wu (48 yo)

0.25

Tenure

HK$2,935,728

Compensation

Mr. Qiang Wu serves as the General Manager of China Travel International Investment Hong Kong Limited since May 20, 2020 & serves as its Executive Director since March 08, 2019. He is the chairman of Shenz ...


CEO Compensation Analysis

Compensation vs Market: Qiang's total compensation ($USD378.80K) is below average for companies of similar size in the US market ($USD3.09M).

Compensation vs Earnings: Insufficient data to compare Qiang's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Hong Jiang
Executive Chairman0.25yrHK$2.69mno data
Qiang Wu
GM & Executive Director0.25yrHK$2.94m0.011%
HK$ 92.2k
Sui On Lo
Executive Vice Chairmanno dataHK$240.00k0.011%
HK$ 92.2k
Cheng You
Executive Director1.83yrsHK$2.19m0.0081%
HK$ 69.1k
Hao Yang
Executive Director1.67yrsHK$240.00kno data
Xinjian Du
Financial Controllerno datano datano data
Dongsheng Fan
Executive Director0.58yrno datano data
Changle Wang
CEO & Director of China Travel Hong Kong (Zhuhai) Ocean Spring Co Ltdno datano datano data
Siu Chung Lai
Company Secretary10.42yrsno datano data
Zhenming Guo
GM & Director of China Travel Service (Cargo) Hong Kong Ltdno datano datano data
Yanzhong Li
GM & Director of Shenzhen - Splendid China Development Co Ltd19.25yrsno datano data
Cunquan Yang
GM & Director of China Travel Hi-Tech Computer Hong Kong Ltdno datano datano data

0.6yrs

Average Tenure

52.5yo

Average Age

Experienced Management: CTVI.F's management team is not considered experienced ( 0.6 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Hong Jiang
Executive Chairman0.25yrHK$2.69mno data
Qiang Wu
GM & Executive Director0.25yrHK$2.94m0.011%
HK$ 92.2k
Sui On Lo
Executive Vice Chairmanno dataHK$240.00k0.011%
HK$ 92.2k
Cheng You
Executive Director1.83yrsHK$2.19m0.0081%
HK$ 69.1k
Hao Yang
Executive Director1.67yrsHK$240.00kno data
Dongsheng Fan
Executive Director0.58yrno datano data
Changle Wang
CEO & Director of China Travel Hong Kong (Zhuhai) Ocean Spring Co Ltdno datano datano data
Zhenming Guo
GM & Director of China Travel Service (Cargo) Hong Kong Ltdno datano datano data
Yanzhong Li
GM & Director of Shenzhen - Splendid China Development Co Ltd19.25yrsno datano data
Cunquan Yang
GM & Director of China Travel Hi-Tech Computer Hong Kong Ltdno datano datano data
Fei Wang
Deputy GMno datano datano data
Johnny Chen
Independent Non-Executive Director1.58yrsHK$334.00kno data

1.6yrs

Average Tenure

56.5yo

Average Age

Experienced Board: CTVI.F's board of directors are not considered experienced ( 1.6 years average tenure), which suggests a new board.


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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

China Travel International Investment Hong Kong Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: China Travel International Investment Hong Kong Limited
  • Ticker: CTVI.F
  • Exchange: OTCPK
  • Founded:
  • Industry: Hotels, Resorts and Cruise Lines
  • Sector: Consumer Services
  • Market Cap: HK$6.589b
  • Listing Market Cap: HK$850.129m
  • Shares outstanding: 5.54b

Number of Employees


Location

  • China Travel International Investment Hong Kong Limited
  • CTS House
  • 12th Floor
  • Central
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CTVI.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDNov 1992
CTIDB (Deutsche Boerse AG)YesOrdinary SharesDEEURNov 1992
308SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDNov 1992
308SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesOrdinary SharesHKHKDNov 1992
308SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesOrdinary SharesHKHKDNov 1992

Biography

China Travel International Investment Hong Kong Limited, an investment holding company, provides travel and tourism services. Its Tourist Attraction and Related Operations segment operates theme parks, sce ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/05 23:42
End of Day Share Price2020/07/08 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.