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Binhai Investment

OTCPK:BINH.F
Snowflake Description

Undervalued average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BINH.F
OTCPK
HK$1B
Market Cap
  1. Home
  2. US
  3. Utilities
Company description

Binhai Investment Company Limited, an investment holding company, engages in the construction of gas pipeline networks, provision of connection services, and sale of liquefied petroleum gas (LPG) and piped gas in Hong Kong. The last earnings update was 63 days ago. More info.


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BINH.F Share Price and Events
7 Day Returns
0%
OTCPK:BINH.F
-1.8%
US Gas Utilities
4%
US Market
1 Year Returns
-
OTCPK:BINH.F
1.7%
US Gas Utilities
10.3%
US Market
BINH.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Binhai Investment (BINH.F) 0% 0% - - - -
US Gas Utilities -1.8% -4.3% -1.7% 1.7% 38.4% 70.4%
US Market 4% -4.7% -4.3% 10.3% 52% 102.7%
1 Year Return vs Industry and Market
  • No trading data on BINH.F.
  • No trading data on BINH.F.
Price Volatility
BINH.F
Industry
5yr Volatility vs Market

Value

 Is Binhai Investment undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Binhai Investment to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Binhai Investment.

OTCPK:BINH.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10%
Perpetual Growth Rate 10-Year US Government Bond Rate 3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:BINH.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 3%
Equity Risk Premium S&P Global 7.1%
Gas Utilities Unlevered Beta Simply Wall St/ S&P Global 0.38
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.381 (1 + (1- 25%) (218.74%))
1.005
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.95% + (1.005 * 7.05%)
10.03%

Discounted Cash Flow Calculation for OTCPK:BINH.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Binhai Investment is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:BINH.F DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (HKD, Millions) 192.00 243.30 254.30 265.80 277.82
Source Analyst x1 Analyst x1 Est @ 4.52% Est @ 4.52% Est @ 4.52%
Present Value
Discounted (@ 10.03%)
174.49 200.95 190.89 181.32 172.24
Present value of next 5 years cash flows HK$919.90
OTCPK:BINH.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= HK$277.82 × (1 + 2.95%) ÷ (10.03% – 2.95%)
HK$4,037.87
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= HK$4,037.87 ÷ (1 + 10.03%)5
HK$2,503.41
OTCPK:BINH.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= HK$919.90 + HK$2,503.41
HK$3,423.31
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$3,423.31 / 1,174.35
HK$0.47
OTCPK:BINH.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:BINH.F represents 0.1626x of SEHK:2886
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.1626x
Value per Share
(Listing Adjusted, USD)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 2.92 x 0.1626
$0.47
Value per share (USD) From above. $0.47
Current discount Discount to share price of $0.20
= -1 x ($0.20 - $0.47) / $0.47
57.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Binhai Investment is available for.
Intrinsic value
>50%
Share price is $0.2 vs Future cash flow value of $0.474
Current Discount Checks
For Binhai Investment to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Binhai Investment's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Binhai Investment's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Binhai Investment's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Binhai Investment's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:BINH.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in HKD HK$0.10
SEHK:2886 Share Price ** SEHK (2018-08-09) in HKD HK$1.23
United States of America Gas Utilities Industry PE Ratio Median Figure of 10 Publicly-Listed Gas Utilities Companies 18.36x
United States of America Market PE Ratio Median Figure of 2,957 Publicly-Listed Companies 18.39x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Binhai Investment.

OTCPK:BINH.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:2886 Share Price ÷ EPS (both in HKD)

= 1.23 ÷ 0.10

12.7x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Binhai Investment is good value based on earnings compared to the US Gas Utilities industry average.
  • Binhai Investment is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Binhai Investment's expected growth come at a high price?
Raw Data
OTCPK:BINH.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.7x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
9.4%per year
United States of America Gas Utilities Industry PEG Ratio Median Figure of 8 Publicly-Listed Gas Utilities Companies 1.07x
United States of America Market PEG Ratio Median Figure of 2,075 Publicly-Listed Companies 1.29x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Binhai Investment, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Binhai Investment's assets?
Raw Data
OTCPK:BINH.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in HKD HK$0.82
SEHK:2886 Share Price * SEHK (2018-08-09) in HKD HK$1.23
United States of America Gas Utilities Industry PB Ratio Median Figure of 12 Publicly-Listed Gas Utilities Companies 2.21x
United States of America Market PB Ratio Median Figure of 4,972 Publicly-Listed Companies 1.88x
OTCPK:BINH.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:2886 Share Price ÷ Book Value per Share (both in HKD)

= 1.23 ÷ 0.82

1.5x

* Primary Listing of Binhai Investment.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Binhai Investment is good value based on assets compared to the US Gas Utilities industry average.
X
Value checks
We assess Binhai Investment's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Gas Utilities industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Gas Utilities industry average (and greater than 0)? (1 check)
  5. Binhai Investment has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Binhai Investment expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

  • No analysts cover Binhai Investment, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
9.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Binhai Investment expected to grow at an attractive rate?
  • Binhai Investment's earnings growth is expected to exceed the low risk savings rate of 3%.
Growth vs Market Checks
  • Binhai Investment's earnings growth is positive but not above the United States of America market average.
  • Binhai Investment's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:BINH.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:BINH.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 9.4%
OTCPK:BINH.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 18.4%
United States of America Gas Utilities Industry Earnings Growth Rate Market Cap Weighted Average -3.2%
United States of America Gas Utilities Industry Revenue Growth Rate Market Cap Weighted Average 3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.7%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:BINH.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:BINH.F Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 4,912 565 1
2019-12-31 4,038 494 1
2018-12-31 3,270 94 1
OTCPK:BINH.F Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-06-30 3,199 568 114
2018-03-31 2,972 544 168
2017-12-31 2,746 521 221
2017-09-30 2,490 476 247
2017-06-30 2,233 430 273
2017-03-31 2,189 436 223
2016-12-31 2,145 442 172
2016-09-30 2,223 440 175
2016-06-30 2,301 439 178
2016-03-31 2,428 449 188
2015-12-31 2,555 460 199
2015-09-30 2,584 350 214

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Binhai Investment's earnings are expected to grow by 9.4% yearly, however this is not considered high growth (20% yearly).
  • Binhai Investment's revenue is expected to grow by 18.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:BINH.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Binhai Investment Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:BINH.F Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31
2019-12-31
2018-12-31
OTCPK:BINH.F Past Financials Data
Date (Data in HKD Millions) EPS *
2018-06-30 0.10
2018-03-31 0.14
2017-12-31 0.19
2017-09-30 0.21
2017-06-30 0.23
2017-03-31 0.19
2016-12-31 0.15
2016-09-30 0.15
2016-06-30 0.15
2016-03-31 0.16
2015-12-31 0.17
2015-09-30 0.18

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Binhai Investment is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Binhai Investment's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Binhai Investment has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Binhai Investment performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Binhai Investment's growth in the last year to its industry (Gas Utilities).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Binhai Investment's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Binhai Investment's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Binhai Investment's 1-year earnings growth is negative, it can't be compared to the US Gas Utilities industry average.
Earnings and Revenue History
Binhai Investment's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Binhai Investment Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:BINH.F Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 3,199.01 113.74 202.79
2018-03-31 2,972.35 167.58 196.01
2017-12-31 2,745.69 221.42 189.22
2017-09-30 2,489.53 247.41 169.46
2017-06-30 2,233.38 273.40 149.69
2017-03-31 2,189.29 222.81 150.85
2016-12-31 2,145.19 172.23 152.01
2016-09-30 2,222.95 175.17 152.35
2016-06-30 2,300.70 178.11 152.69
2016-03-31 2,427.73 188.48 155.86
2015-12-31 2,554.76 198.86 159.03
2015-09-30 2,583.59 214.31 164.59
2015-06-30 2,612.42 229.77 170.14
2015-03-31 2,577.83 221.70 161.12
2014-12-31 2,543.24 213.64 152.10
2014-09-30 2,611.47 176.25 163.87
2014-06-30 2,500.05 142.65 163.47
2014-03-31 2,274.83 128.69 161.11
2013-12-31 2,229.13 135.72 167.51
2013-09-30 1,937.36 124.03 160.85
2013-06-30 1,855.64 154.13 140.49
2013-03-31 1,721.78 122.41 146.22
2012-12-31 1,678.09 135.12 133.77
2012-09-30 1,501.42 120.68 108.56
2012-06-30 1,538.47 111.36 107.16
2012-03-31 1,678.97 114.22 108.32
2011-12-31 1,581.83 118.40 114.30

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Binhai Investment has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Binhai Investment used its assets less efficiently than the US Gas Utilities industry average last year based on Return on Assets.
  • Binhai Investment's use of capital has not improved over the past 3 years (Return on Capital Employed).
X
Past performance checks
We assess Binhai Investment's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Gas Utilities industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Binhai Investment has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Binhai Investment's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Binhai Investment's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Binhai Investment is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Binhai Investment's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Binhai Investment's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Binhai Investment Company Filings, last reported 4 months ago.

OTCPK:BINH.F Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 1,428.16 3,159.53 1,255.22
2018-03-31 1,428.16 3,159.53 1,255.22
2017-12-31 1,461.84 4,825.08 3,260.66
2017-09-30 1,461.84 4,825.08 3,260.66
2017-06-30 1,367.91 2,002.42 406.66
2017-03-31 1,367.91 2,002.42 406.66
2016-12-31 1,221.86 1,789.74 323.36
2016-09-30 1,221.86 1,789.74 323.36
2016-06-30 1,166.01 2,157.47 569.45
2016-03-31 1,166.01 2,157.47 569.45
2015-12-31 1,179.04 1,794.31 331.18
2015-09-30 1,179.04 1,794.31 331.18
2015-06-30 1,136.43 3,457.34 1,238.75
2015-03-31 1,136.43 3,457.34 1,238.75
2014-12-31 1,083.45 1,823.93 463.24
2014-09-30 1,083.45 1,823.93 463.24
2014-06-30 947.16 1,708.93 504.25
2014-03-31 947.16 1,708.93 504.25
2013-12-31 872.10 1,776.79 685.09
2013-09-30 801.68 1,670.58 670.24
2013-06-30 801.68 1,670.58 670.24
2013-03-31 711.01 1,680.73 818.23
2012-12-31 711.01 1,680.73 818.23
2012-09-30 681.57 865.18 319.79
2012-06-30 629.36 824.73 445.40
2012-03-31 693.89 806.23 460.82
2011-12-31 550.91 413.64 264.55
  • Binhai Investment's level of debt (221.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (208.4% vs 221.2% today).
  • Debt is not well covered by operating cash flow (18%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.3x coverage).
X
Financial health checks
We assess Binhai Investment's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Binhai Investment has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Binhai Investment's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.47%
Current annual income from Binhai Investment dividends. Estimated to be 8.7% next year.
If you bought $2,000 of Binhai Investment shares you are expected to receive $89 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Binhai Investment's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.35%).
  • Binhai Investment's dividend is above the markets top 25% of dividend payers in United States of America (3.52%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:BINH.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
United States of America Gas Utilities Industry Average Dividend Yield Market Cap Weighted Average of 12 Stocks 2.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1979 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:BINH.F Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.14 1.00
2019-12-31 0.11 1.00
2018-12-31 0.07 1.00
OTCPK:BINH.F Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2018-03-16 0.055 3.805
2017-04-11 0.050 2.864
2017-03-17 0.050 2.728
2016-04-11 0.050 2.491
2016-03-23 0.050 2.093
2015-09-10 0.000 0.000
2014-04-11 0.050 1.208
2014-03-19 0.050 1.055

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Binhai Investment has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Binhai Investment only paid a dividend in the past 5 years.
Current Payout to shareholders
What portion of Binhai Investment's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.3x coverage).
X
Income/ dividend checks
We assess Binhai Investment's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Binhai Investment afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Binhai Investment has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Binhai Investment's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Liang Gao
COMPENSATION HK$1,579,000
AGE 51
CEO Bio

Mr. Liang Gao has been Compliance Officer of Binhai Investment Company Limited since February 9, 2010 and serves as its Chief Executive. Mr. Gao has been General Manager and Executive Director of Binhai Investment Company Limited since August 04, 2009. He served as deputy director of the Science Promotion Center of Urban and Rural Development Administrative Committee of Tianjin Municipal for the period from 1993 to 1995 and the deputy director of the Tianjin Municipal Environmental and Hygienic Engineering Design Council for the period from 1995 to 2001. He graduated from Wuhan Urban Construction Institute with a major in environmental hygiene engineering in 1988 and obtained a master of business administration from Nankai University in 2005.

CEO Compensation
  • Liang's compensation has been consistent with company performance over the past year.
  • Liang's remuneration is lower than average for companies of similar size in United States of America.
Management Team

Bingjun Zhang

TITLE
Executive Chairman
COMPENSATION
HK$400K
AGE
55

Liang Gao

TITLE
Chief Executive
COMPENSATION
HK$2M
AGE
51

Ji Hui

TITLE
Chief Financial Officer
AGE
50

Fu Yin

TITLE
Deputy GM & Joint Company Secretary
AGE
44
TENURE
6.4 yrs

Xing Dong

TITLE
Deputy General Manager
AGE
50

Jian Dong

TITLE
Deputy General Manager
AGE
51

Dong Luo

TITLE
Chief Engineer
AGE
56

Wai Yin Yip

TITLE
Joint Company Secretary
TENURE
9 yrs
Board of Directors Tenure

Average tenure and age of the Binhai Investment board of directors in years:

9.5
Average Tenure
53.5
Average Age
  • The tenure for the Binhai Investment board of directors is about average.
Board of Directors

Liang Gao

TITLE
Chief Executive
COMPENSATION
HK$2M
AGE
51
TENURE
9.3 yrs

Japhet Law

TITLE
Independent Non-Executive Director
COMPENSATION
HK$264K
AGE
66
TENURE
9.7 yrs

Bingjun Zhang

TITLE
Executive Chairman
COMPENSATION
HK$400K
AGE
55
TENURE
7.8 yrs

Shing Ip

TITLE
Independent Non-Executive Director
COMPENSATION
HK$264K
AGE
63
TENURE
9.7 yrs

Kevin Lau

TITLE
Independent Non-Executive Director
COMPENSATION
HK$264K
AGE
60
TENURE
9.7 yrs

Gang Wang

TITLE
Non-Executive Director
COMPENSATION
HK$200K
AGE
52
TENURE
14.5 yrs

Tak Tse

TITLE
Independent Non-Executive Director
COMPENSATION
HK$264K
AGE
70
TENURE
9.7 yrs

Jun Zhang

TITLE
Non-Executive Director
COMPENSATION
HK$200K
AGE
51
TENURE
9.4 yrs

Xiaolin Shen

TITLE
Non-Executive Director
COMPENSATION
HK$200K
AGE
51
TENURE
7.8 yrs

Ke Yu

TITLE
Non-Executive Director
AGE
47
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Start End Shares Max Price ($) Value ($)
21. Mar 18 Sell TEDA Investment Holding Co., Ltd. Company 19. Mar 18 19. Mar 18 -35,230,468 $0.21 $-7,330,967.16
X
Management checks
We assess Binhai Investment's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Binhai Investment has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

External News
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Simply Wall St News

Company Info

Map
Description

Binhai Investment Company Limited, an investment holding company, engages in the construction of gas pipeline networks, provision of connection services, and sale of liquefied petroleum gas (LPG) and piped gas in Hong Kong. The company operates through Sales of Piped Gas, Gas Connection Service, Pipeline Transportation, and Bottled Gas Sales segments. It also sells piped and bottled gas through its pipeline networks to residential and industrial users. In addition, the company is involved in the construction of gas pipelines and installation of appliances to connect customers to pipeline networks under connection contracts to industrial and commercial customers, property developers, and property management companies. As of December 31, 2017, it had a gas pipeline network of approximately 2,299 kilometers. The company was founded in 1994 and is headquartered in Causeway Bay, Hong Kong. Binhai Investment Company Limited is a subsidiary of Teda Hong Kong Property Company Limited.

Details
Name: Binhai Investment Company Limited
BINH.F
Exchange: OTCPK
Founded: 1994
HK$184,488,995
1,174,348,950
Website: http://www.binhaiinv.com
Address: Binhai Investment Company Limited
Suites 3205-07, Tower Two,
32nd Floor,
Causeway Bay,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 2886 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 02. Jul 2001
OTCPK BINH.F Ordinary Shares Pink Sheets LLC US USD 02. Jul 2001
DB WS7A Ordinary Shares Deutsche Boerse AG DE EUR 02. Jul 2001
Number of employees
Current staff
Staff numbers
1,568
Binhai Investment employees.
Industry
Gas Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/11/06 21:20
End of day share price update: 2018/08/09 00:00
Last estimates confirmation: 2018/08/23
Last earnings filing: 2018/09/04
Last earnings reported: 2018/06/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.