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C Cheng Holdings

SEHK:1486
Snowflake Description

Adequate balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1486
SEHK
HK$404M
Market Cap
  1. Home
  2. HK
  3. Commercial Services
Company description

C Cheng Holdings Limited, an investment holding company, provides architectural and building information modelling (BIM) services in the People’s Republic of China. The last earnings update was 94 days ago. More info.


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1486 Share Price and Events
7 Day Returns
7.6%
SEHK:1486
4.3%
HK Professional Services
2.2%
HK Market
1 Year Returns
-34%
SEHK:1486
-29.3%
HK Professional Services
-0.8%
HK Market
1486 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
C Cheng Holdings (1486) 7.6% -7.7% -8.8% -34% -44.4% 14%
HK Professional Services 4.3% 10.1% -6.5% -29.3% -47.9% -27%
HK Market 2.2% -0.6% -0.9% -0.8% 7.4% 0.5%
1 Year Return vs Industry and Market
  • 1486 underperformed the Professional Services industry which returned -29.3% over the past year.
  • 1486 underperformed the Market in Hong Kong which returned -0.8% over the past year.
Price Volatility
1486
Industry
5yr Volatility vs Market

1486 Value

 Is C Cheng Holdings 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
  • It is not possible to calculate the future cash flow value for C Cheng Holdings. This is due to cash flow or dividend data being unavailable. The share price is HK$1.55.
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 C Cheng Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are C Cheng Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:1486 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in HKD HK$0.05
SEHK:1486 Share Price ** SEHK (2019-12-12) in HKD HK$1.55
Asia Professional Services Industry PE Ratio Median Figure of 160 Publicly-Listed Professional Services Companies 22.11x
Hong Kong Market PE Ratio Median Figure of 1,470 Publicly-Listed Companies 10.23x

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

** Primary Listing of C Cheng Holdings.

SEHK:1486 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1486 Share Price ÷ EPS (both in HKD)

= 1.55 ÷ 0.05

33.06x

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

  • C Cheng Holdings is overvalued based on earnings compared to the Asia Professional Services industry average.
  • C Cheng Holdings is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does C Cheng Holdings's expected growth come at a high price?
Raw Data
SEHK:1486 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 33.06x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Asia Professional Services Industry PEG Ratio Median Figure of 58 Publicly-Listed Professional Services Companies 1.61x
Hong Kong Market PEG Ratio Median Figure of 478 Publicly-Listed Companies 0.74x

*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 C Cheng Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on C Cheng Holdings's assets?
Raw Data
SEHK:1486 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in HKD HK$1.43
SEHK:1486 Share Price * SEHK (2019-12-12) in HKD HK$1.55
Hong Kong Professional Services Industry PB Ratio Median Figure of 13 Publicly-Listed Professional Services Companies 2.21x
Hong Kong Market PB Ratio Median Figure of 2,205 Publicly-Listed Companies 0.81x
SEHK:1486 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1486 Share Price ÷ Book Value per Share (both in HKD)

= 1.55 ÷ 1.43

1.08x

* Primary Listing of C Cheng Holdings.

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

  • C Cheng Holdings is good value based on assets compared to the HK Professional Services industry average.
X
Value checks
We assess C Cheng Holdings'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 Professional Services 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 Professional Services industry average (and greater than 0)? (1 check)
  5. C Cheng Holdings has a total score of 1/6, 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.

1486 Future Performance

 How is C Cheng Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 C Cheng Holdings 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
16.3%
Expected Professional Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is C Cheng Holdings expected to grow at an attractive rate?
  • Unable to compare C Cheng Holdings's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare C Cheng Holdings's earnings growth to the Hong Kong market average as no estimate data is available.
  • Unable to compare C Cheng Holdings's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:1486 Future Growth Rates Data Sources
Data Point Source Value (per year)
Asia Professional Services Industry Earnings Growth Rate Market Cap Weighted Average 16.3%
Asia Professional Services Industry Revenue Growth Rate Market Cap Weighted Average 10%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.7%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.3%

*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
SEHK:1486 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:1486 Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
SEHK:1486 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2019-06-30 689 -16 14
2019-03-31 680 -26 30
2018-12-31 672 -36 47
2018-09-30 629 -2 50
2018-06-30 587 33 54
2018-03-31 522 29 44
2017-12-31 456 25 33
2017-09-30 410 2 23
2017-06-30 364 -21 13
2017-03-31 362 4 17
2016-12-31 359 28 21
2016-09-30 348 19 23

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if C Cheng Holdings is high growth as no earnings estimate data is available.
  • Unable to determine if C Cheng Holdings is high growth as no revenue estimate data is available.
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
SEHK:1486 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from C Cheng Holdings Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1486 Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
SEHK:1486 Past Financials Data
Date (Data in HKD Millions) EPS *
2019-06-30 0.05
2019-03-31 0.10
2018-12-31 0.16
2018-09-30 0.18
2018-06-30 0.19
2018-03-31 0.16
2017-12-31 0.13
2017-09-30 0.10
2017-06-30 0.06
2017-03-31 0.08
2016-12-31 0.11
2016-09-30 0.12

*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.
  • Unable to establish if C Cheng Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine C Cheng Holdings's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. C Cheng Holdings's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Commercial Services companies here
  3. C Cheng Holdings's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess C Cheng Holdings'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 Asia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia 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.
C Cheng Holdings has a total score of 0/6, 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.

1486 Past Performance

  How has C Cheng Holdings 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 C Cheng Holdings's growth in the last year to its industry (Professional Services).
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.
  • C Cheng Holdings's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • C Cheng Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • C Cheng Holdings's 1-year earnings growth is negative, it can't be compared to the Asia Professional Services industry average.
Earnings and Revenue History
C Cheng Holdings'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 C Cheng Holdings Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1486 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 688.77 13.51 135.17
2019-03-31 680.18 30.25 133.81
2018-12-31 671.60 46.98 132.45
2018-09-30 629.44 50.32 117.29
2018-06-30 587.29 53.66 101.33
2018-03-31 521.53 43.58 90.20
2017-12-31 455.77 33.49 79.06
2017-09-30 410.03 23.03 73.98
2017-06-30 364.30 12.56 68.89
2017-03-31 361.62 16.65 69.38
2016-12-31 358.94 20.75 69.88
2016-09-30 348.47 22.58 66.22
2016-06-30 338.00 24.41 62.56
2016-03-31 342.77 25.98 61.27
2015-12-31 354.80 27.67 62.86
2015-09-30 358.77 28.59 62.48
2015-06-30 382.68 28.85 75.60
2015-03-31 397.05 28.28 78.57
2014-12-31 384.38 28.80 75.07
2014-09-30 396.13 24.97 79.58
2014-06-30 359.08 18.74 66.86
2014-03-31 333.69 11.52 61.62
2013-12-31 324.01 8.98 57.52
2013-09-30 291.44 12.55 39.73
2013-06-30 287.71 19.19 36.08
2013-03-31 275.97 25.22 29.14
2012-12-31 268.28 25.36 24.64

*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.
  • C Cheng Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • C Cheng Holdings used its assets less efficiently than the Asia Professional Services industry average last year based on Return on Assets.
  • C Cheng Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess C Cheng Holdings'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 Professional Services 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.
C Cheng Holdings 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.

1486 Health

 How is C Cheng Holdings'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 C Cheng Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • C Cheng Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • C Cheng Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of C Cheng Holdings'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 5.5x 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 C Cheng Holdings Company Filings, last reported 5 months ago.

SEHK:1486 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 444.07 96.97 172.97
2019-03-31 444.07 96.97 172.97
2018-12-31 450.74 54.21 182.10
2018-09-30 450.74 54.21 182.10
2018-06-30 431.53 62.40 202.87
2018-03-31 431.53 62.40 202.87
2017-12-31 414.19 35.35 233.81
2017-09-30 414.19 35.35 233.81
2017-06-30 341.66 28.65 192.34
2017-03-31 341.66 28.65 192.34
2016-12-31 198.99 0.00 83.10
2016-09-30 198.99 0.00 83.10
2016-06-30 189.80 0.00 53.02
2016-03-31 189.80 0.00 53.02
2015-12-31 180.33 0.00 58.87
2015-09-30 180.33 0.00 58.87
2015-06-30 145.26 4.00 36.48
2015-03-31
2014-12-31 130.19 0.00 56.22
2014-09-30 116.41 1.19 48.22
2014-06-30 116.41 0.00 48.22
2014-03-31 101.73 4.49 56.93
2013-12-31 101.73 3.14 56.93
2013-09-30
2013-06-30 70.22 2.22 18.53
2013-03-31 56.61 1.76 29.61
2012-12-31 56.61 0.00 29.61
  • C Cheng Holdings's level of debt (21.8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 21.8% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • C Cheng Holdings earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess C Cheng Holdings'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. C Cheng Holdings has a total score of 4/6, 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.

1486 Dividends

 What is C Cheng Holdings'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
0%
Current annual income from C Cheng Holdings dividends.
If you bought HK$2,000 of C Cheng Holdings shares you are expected to receive HK$0 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?
  • Unable to evaluate C Cheng Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate C Cheng Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
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
SEHK:1486 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 0 Analyst Estimates (S&P Global) See Below
Asia Professional Services Industry Average Dividend Yield Market Cap Weighted Average of 115 Stocks 1.1%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 962 Stocks 3.7%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.3%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.3%
Hong Kong Top 25% Dividend Yield 75th Percentile 6.2%

Industry and Market average data is calculated daily.

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

SEHK:1486 Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts
SEHK:1486 Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2019-09-09 0.000 0.000
2019-08-22 0.000 0.000
2019-04-24 0.040 1.887
2019-03-28 0.040 1.543
2018-09-03 0.060 2.418
2018-08-22 0.060 1.849
2018-04-24 0.040 1.123
2017-05-19 0.030 1.102
2016-04-14 0.020 0.896
2016-03-24 0.020 1.084

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

  • Unable to perform a dividend volatility check as C Cheng Holdings has not reported any payouts.
  • Unable to verify if C Cheng Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of C Cheng Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as C Cheng Holdings has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess C Cheng Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - 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 C Cheng Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. C Cheng Holdings has a total score of 0/6, see the detailed checks below.


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

1486 Management

 What is the CEO of C Cheng Holdings'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
Chin Shing Fu
COMPENSATION HK$10,742,000
AGE 52
TENURE AS CEO 6 years
CEO Bio

Mr. Chin Shing Fu has been the Chief Executive Officer and Executive Director at C Cheng Holdings Limited since December 5, 2013 and serves as its Compliance Officer. Mr. Fu joined C Cheng Holdings Group in 1991 and was promoted to the rank of director in 1998. He is primarily responsible for overseeing the overall operations and strategic planning of C Cheng Holdings Group, managing relationships with clients and exploring new business opportunities. Mr. Fu has over 22 years of experience in the architectural service industry in Hong Kong and the PRC. He has been an authorised person (architect) and a registered architect in Hong Kong since 1993 and a class 1 registered architect in the PRC since 2004. He also holds professional membership in the HKIA since 1992. He graduated from the University of Hong Kong with a bachelor 's degree of arts in architectural studies in 1988 and a bachelor 's degree in architecture in 1991.

CEO Compensation
  • Chin Shing's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Chin Shing's remuneration is higher than average for companies of similar size in Hong Kong.
Management Team

Ronald Liang

TITLE
Chairman
COMPENSATION
HK$13M
AGE
70

Gui Sheng Liu

TITLE
Co-Chairman
COMPENSATION
HK$763K
AGE
57

Chin Shing Fu

TITLE
CEO, Compliance Officer & Executive Director
COMPENSATION
HK$11M
AGE
52
TENURE
6 yrs

Lambert Ma

TITLE
Director of Architecture & Executive Director
COMPENSATION
HK$3M
AGE
51
TENURE
5.9 yrs

Jun You Wang

TITLE
Executive Director
COMPENSATION
HK$7M
AGE
54

Yong Liu

TITLE
Executive Director
COMPENSATION
HK$218K
AGE
56

Wing Sze Yu

TITLE
CFO & Company Secretary
AGE
42
Board of Directors Tenure

Average tenure and age of the C Cheng Holdings board of directors in years:

6
Average Tenure
56
Average Age
  • The tenure for the C Cheng Holdings board of directors is about average.
Board of Directors

Ronald Liang

TITLE
Chairman
COMPENSATION
HK$13M
AGE
70
TENURE
6 yrs

Gui Sheng Liu

TITLE
Co-Chairman
COMPENSATION
HK$763K
AGE
57
TENURE
2.6 yrs

Chin Shing Fu

TITLE
CEO, Compliance Officer & Executive Director
COMPENSATION
HK$11M
AGE
52
TENURE
6 yrs

Lambert Ma

TITLE
Director of Architecture & Executive Director
COMPENSATION
HK$3M
AGE
51
TENURE
2.6 yrs

Jun You Wang

TITLE
Executive Director
COMPENSATION
HK$7M
AGE
54
TENURE
6 yrs

Yong Liu

TITLE
Executive Director
COMPENSATION
HK$218K
AGE
56
TENURE
2.6 yrs

Wai Hung Lo

TITLE
Independent Non-Executive Director
COMPENSATION
HK$168K
AGE
59
TENURE
6 yrs

Chi Hang Yu

TITLE
Independent Non-Executive Director
COMPENSATION
HK$168K
AGE
70
TENURE
6 yrs

Ling Su

TITLE
Independent Non-Executive Director
COMPENSATION
HK$168K
AGE
49
TENURE
2.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
13. Jun 19 Buy Chin Shing Fu Individual 10. Jun 19 10. Jun 19 8,000 HK$2.19 HK$17,520
13. Feb 19 Buy Chin Shing Fu Individual 08. Feb 19 08. Feb 19 50,000 HK$2.26 HK$113,000
X
Management checks
We assess C Cheng Holdings'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. C Cheng Holdings 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.

1486 News

Simply Wall St News

Volatility 101: Should C Cheng Holdings (HKG:1486) Shares Have Dropped 49%?

That downside risk was realized by C Cheng Holdings Limited (HKG:1486) shareholders over the last year, as the share price declined 49%. … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … Investors should note that there's a difference between C Cheng Holdings's total shareholder return (TSR) and its share price change, which we've covered above.

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What Is C Cheng Holdings's (HKG:1486) P/E Ratio After Its Share Price Tanked?

Unfortunately for some shareholders, the C Cheng Holdings (HKG:1486) share price has dived 30% in the last thirty days. … Check out our latest analysis for C Cheng Holdings How Does C Cheng Holdings's P/E Ratio Compare To Its Peers? … SEHK:1486 Price Estimation Relative to Market, August 19th 2019 Its relatively low P/E ratio indicates that C Cheng Holdings shareholders think it will struggle to do as well as other companies in its industry classification.

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C Cheng Holdings Limited (HKG:1486) Earns Among The Best Returns In Its Industry

The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for C Cheng Holdings: 0.15 = HK$68m ÷ (HK$668m - HK$214m) (Based on the trailing twelve months to December 2018.) Therefore, C Cheng Holdings has an ROCE of 15%. … Due to the way ROCE is calculated, a high level of current liabilities makes a company look as though it has less capital employed, and thus can (sometimes unfairly) boost the ROCE. … With this level of current liabilities, C Cheng Holdings's ROCE is boosted somewhat.

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Why C Cheng Holdings Limited (HKG:1486) Could Be Your Next Investment

SEHK:1486 Income Statement, August 6th 2019 Next Steps: For C Cheng Holdings, there are three pertinent aspects you should further research: Future Outlook: What are well-informed industry analysts predicting for 1486’s future growth? … Take a look at our free research report of analyst consensus for 1486’s outlook. … The intrinsic value infographic in our free research report helps visualize whether 1486 is currently mispriced by the market.

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Does C Cheng Holdings Limited (HKG:1486) Have A Good P/E Ratio?

We'll apply a basic P/E ratio analysis to C Cheng Holdings Limited's (HKG:1486), to help you decide if the stock is worth further research. … Check out our latest analysis for C Cheng Holdings How Do I Calculate A Price To Earnings Ratio? … The formula for price to earnings is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for C Cheng Holdings: P/E of 12.88 = HK$2.1 ÷ HK$0.16 (Based on the trailing twelve months to December 2018.) Is A High Price-to-Earnings Ratio Good?

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Should You Investigate C Cheng Holdings Limited (HKG:1486) At HK$2.23?

The stock’s ratio of 13.68x is currently trading slightly below its industry peers’ ratio of 14.64x, which means if you buy C Cheng Holdings today, you’d be paying a fair price for it. … And if you believe C Cheng Holdings should be trading in this range, then there isn’t much room for the share price grow beyond where it’s currently trading. … Furthermore, it seems like C Cheng Holdings’s share price is quite stable, which means there may be less chances to buy low in the future now that it’s fairly valued.

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Should You Be Excited About C Cheng Holdings Limited's (HKG:1486) 11% Return On Equity?

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for C Cheng Holdings: 11% = HK$47m ÷ HK$451m (Based on the trailing twelve months to December 2018.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … How Does Debt Impact Return On Equity? … C Cheng Holdings's Debt And Its 11% ROE While C Cheng Holdings does have some debt, with debt to equity of just 0.12, we wouldn't say debt is excessive.

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Does C Cheng Holdings Limited (HKG:1486) Have A Volatile Share Price?

Anyone researching C Cheng Holdings Limited (HKG:1486) might want to consider the historical volatility of the share price. … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market. … With a beta of 1.03, (which is quite close to 1) the share price of C Cheng Holdings has historically been about as voltile as the broader market.

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Should You Be Pleased About The CEO Pay At C Cheng Holdings Limited's (HKG:1486)

View our latest analysis for C Cheng Holdings How Does Chin Shing Fu's Compensation Compare With Similar Sized Companies? … At the time of writing our data says that C Cheng Holdings Limited has a market cap of HK$614m, and is paying total annual CEO compensation of HK$13m. … We compared total CEO remuneration at C Cheng Holdings Limited with the amount paid at companies with a similar market capitalization.

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Three Things You Should Check Before Buying C Cheng Holdings Limited (HKG:1486) For Its Dividend

Today we'll take a closer look at C Cheng Holdings Limited (HKG:1486) from a dividend investor's perspective. … It's positive to see that C Cheng Holdings's dividend is covered by both profits and cash flow, since this is generally a sign that the dividend is sustainable, and a lower payout ratio usually suggests a greater margin of safety before the dividend gets cut. … Strong earnings per share (EPS) growth might encourage our interest in the company despite fluctuating dividends, which is why it's great to see C Cheng Holdings has grown its earnings per share at 20% per annum over the past five years. Earnings per share have been growing at a good rate, and the company is paying less than half its earnings as dividends. We generally think this is an attractive combination, as it permits further reinvestment in the business. We'd also point out that C Cheng Holdings issued a meaningful number of new shares in the past year. Trying to grow the dividend when issuing new shares reminds us of the ancient Greek tale of Sisyphus - perpetually pushing a boulder uphill. Companies that consistently issue new shares are often suboptimal from a dividend perspective. Conclusion Dividend investors should always want to know if a) a company's dividends are affordable, b) if there is a track record of consistent payments, and c) if the dividend is capable of growing.

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1486 Company Info

Description

C Cheng Holdings Limited, an investment holding company, provides architectural and building information modelling (BIM) services in the People’s Republic of China. It operates through Comprehensive Architectural Services and BIM Services segments. The Comprehensive Architectural Services segment offers landscape architecture, town planning, interior design, and heritage conservation services. The BIM Services segment provides BIM consultancy, professional training, and software development services. The company also provides repair and fitting out works, as well as operates related mobile application. C Cheng Holdings Limited was founded in 1985 and is headquartered in Tsim Sha Tsui, Hong Kong.

Details
Name: C Cheng Holdings Limited
1486
Exchange: SEHK
Founded: 1985
HK$403,565,092
288,260,780
Website: http://www.cchengholdings.com
Address: C Cheng Holdings Limited
North Tower,
World Finance Centre,
Tsim Sha Tsui,
Kowloon, Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1486 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 20. Dec 2013
Number of employees
Current staff
Staff numbers
1,200
C Cheng Holdings employees.
Industry
Research and Consulting Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/12 13:00
End of day share price update: 2019/12/12 00:00
Last estimates confirmation: 2019/03/28
Last earnings filing: 2019/09/09
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


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.