OTCPK:CCGD.F

Stock Analysis Report

Executive Summary

China Cinda Asset Management Co., Ltd. acquires, manages, invests in, and disposes financial and non-financial institution distressed assets in the People’s Republic of China.

Rewards

Trading at 68.3% below its fair value

Earnings are forecast to grow 13.32% per year

Risk Analysis

Unstable dividend track record



Snowflake Analysis

Very undervalued average dividend payer.

Share Price & News

How has China Cinda Asset Management's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

CCGD.F

0.9%

US Capital Markets

0.3%

US Market


1 Year Return

n/a

CCGD.F

20.0%

US Capital Markets

18.5%

US Market

Return vs Industry: Insufficient data to determine how CCGD.F performed against the US Capital Markets industry.

Return vs Market: Insufficient data to determine how CCGD.F performed against the US Market.


Shareholder returns

CCGD.FIndustryMarket
7 Day0%0.9%0.3%
30 Day0%4.6%1.5%
90 Dayn/a7.6%5.7%
1 Yearn/a22.4%20.0%21.1%18.5%
3 Year-41.2%-41.2%39.8%31.8%45.9%36.4%
5 Yearn/a84.1%67.0%71.4%52.5%

Price Volatility Vs. Market

How volatile is China Cinda Asset Management's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is China Cinda Asset Management 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: CCGD.F ($0.2) is trading below our estimate of fair value ($0.63)

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


Price To Earnings Ratio

PE vs Industry: CCGD.F is good value based on its PE Ratio (4.9x) compared to the Capital Markets industry average (33.2x).

PE vs Market: CCGD.F is good value based on its PE Ratio (4.9x) compared to the US market (18.5x).


Price to Earnings Growth Ratio

PEG Ratio: CCGD.F is good value based on its PEG Ratio (0.4x)


Price to Book Ratio

PB vs Industry: CCGD.F is good value based on its PB Ratio (0.4x) compared to the US Capital Markets industry average (6.3x).


Next Steps

Future Growth

How is China Cinda Asset Management forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

13.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CCGD.F's forecast earnings growth (13.3% per year) is above the savings rate (1.7%).

Earnings vs Market: CCGD.F's earnings (13.3% per year) are forecast to grow slower than the US market (14.2% per year).

High Growth Earnings: CCGD.F's earnings are forecast to grow, but not significantly.

Revenue vs Market: CCGD.F's revenue (14.4% per year) is forecast to grow faster than the US market (7.4% per year).

High Growth Revenue: CCGD.F's revenue (14.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CCGD.F's Return on Equity is forecast to be low in 3 years time (9.3%).


Next Steps

Past Performance

How has China Cinda Asset Management performed over the past 5 years?

2.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CCGD.F has high quality earnings.

Growing Profit Margin: CCGD.F's current net profit margins (20.8%) are lower than last year (25.4%).


Past Earnings Growth Analysis

Earnings Trend: CCGD.F's earnings have grown by 2.1% per year over the past 5 years.

Accelerating Growth: CCGD.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: CCGD.F had negative earnings growth (-34.4%) over the past year, making it difficult to compare to the Capital Markets industry average (20.6%).


Return on Equity

High ROE: CCGD.F's Return on Equity (7.2%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is China Cinda Asset Management's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

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

Debt Coverage by Assets: CCGD.F's debt is covered by short term assets (assets are 1.3x debt).


Financial Institutions Analysis

Asset Level: CCGD.F's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if CCGD.F has a sufficient allowance for bad loans.

Low Risk Liabilities: CCGD.F reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if CCGD.F has an acceptable proportion of non-loan assets held.

Low Risk Deposits: CCGD.F has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if CCGD.F has an appropriate level of bad loans.


Next Steps

Dividend

What is China Cinda Asset Management's current dividend yield, its reliability and sustainability?

6.72%

Current Dividend Yield


Dividend Yield vs Market

company6.7%marketbottom25%1.4%markettop25%3.7%industryaverage1.9%forecastin3Years8.8%

Current dividend yield vs market & industry

Notable Dividend: CCGD.F's dividend (6.72%) is higher than the bottom 25% of dividend payers in the US market (1.42%).

High Dividend: CCGD.F's dividend (6.72%) is in the top 25% of dividend payers in the US market (3.7%)


Stability and Growth of Payments

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

Growing Dividend: CCGD.F has only been paying a dividend for 4 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (32.9%), CCGD.F's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CCGD.F's dividends in 3 years are forecast to be well covered by earnings (33.4% payout ratio).


Next Steps

Management

What is the CEO of China Cinda Asset Management's salary, the management and board of directors tenure and is there insider trading?

2.9yrs

Average board tenure


CEO

China Cinda Asset Management has no CEO, or we have no data on them.


Board Age and Tenure

2.9yrs

Average Tenure

55.5yo

Average Age

Experienced Board: CCGD.F's board of directors are not considered experienced ( 2.9 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

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


Management Team

  • Zhenhong Luo (54yo)

    Chief Risk Officer

    • Tenure: 6.2yrs
  • Jiuchao Ai (52yo)

    Board Secretary

    • Tenure: 3.7yrs
  • Qiang Liang (48yo)

    Vice President of Finance

    • Tenure: 0yrs
  • Zi’ai Zhang (58yo)

    Chairman of the Board

    • Tenure: 1.3yrs
    • Compensation: CN¥892.50k
  • Yingxun Yang

    General Manager of the Finance & Accounting Department

    • Tenure: 0yrs

Board Members

  • Zhengfei Lu (56yo)

    Independent Non-Executive Director

    • Tenure: 0.5yrs
  • Wuxiang Zhu (54yo)

    Independent Non-Executive Director

    • Tenure: 3.2yrs
    • Compensation: CN¥250.00k
  • Stephen Chang (71yo)

    Independent Non-Executive Director

    • Tenure: 6.5yrs
    • Compensation: CN¥250.00k
  • Chong Liu (49yo)

    Non-Executive Director

    • Tenure: 2.3yrs
  • Baowen Sun (55yo)

    Independent Non-Executive Director

    • Tenure: 3.2yrs
    • Compensation: CN¥250.00k
  • Hong Yuan (55yo)

    Non Executive Director

    • Tenure: 6.5yrs
  • Jiande Gong (56yo)

    Chairman of Board of Supervisors

    • Tenure: 4.8yrs
  • Guoqing Zhang (53yo)

    Non-Executive Director

    • Tenure: 2.7yrs
  • Jieping He (56yo)

    Non-Executive Director

    • Tenure: 1.4yrs
  • Zi’ai Zhang (58yo)

    Chairman of the Board

    • Tenure: 1.3yrs
    • Compensation: CN¥892.50k

Company Information

China Cinda Asset Management Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: China Cinda Asset Management Co., Ltd.
  • Ticker: CCGD.F
  • Exchange: OTCPK
  • Founded: 1999
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: HK$59.155b
  • Listing Market Cap: HK$7.556b
  • Shares outstanding: 38.16b
  • Website: https://www.cinda.com.cn

Number of Employees


Location

  • China Cinda Asset Management Co., Ltd.
  • No. 1 Building
  • 9 Naoshikou Street
  • Beijing
  • 100031
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1359SEHK (The Stock Exchange of Hong Kong Ltd.)YesForeign Shares-Foreign ListedHKHKDDec 2013
0CIDB (Deutsche Boerse AG)YesForeign Shares-Foreign ListedDEEURDec 2013
1359SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesForeign Shares-Foreign ListedHKHKDDec 2013
CCGD.FOTCPK (Pink Sheets LLC)YesForeign Shares-Foreign ListedUSUSDDec 2013
1359SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesForeign Shares-Foreign ListedHKHKDDec 2013
A1864FDB (Deutsche Boerse AG)4.45%-FRN SUB PERP USD200000 'REGS'DEUSDNov 2016

Biography

China Cinda Asset Management Co., Ltd. acquires, manages, invests in, and disposes financial and non-financial institution distressed assets in the People’s Republic of China. The company operates in three ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/09 00:43
End of Day Share Price2019/10/21 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.