Chevalier International Holdings Limited (25) : Company Profile and SWOT Analysis by WMIntelligence

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									Chevalier International Holdings Limited

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Chevalier International Holdings                                               Financial Snapshot

Limited                                                                        Operating Performance

Fast Facts                                                                     The company reported revenue of US$449.32 million
                                                                               during the fiscal year 2011 (2011). The company's
                                                                               revenue declined at a compounded rate of 6.90%
Headquarters Address                  22nd Floor, Kowloon, ,Hong Kong
                                                                               during 2007–2011, with an annual decline of -11.25%
                                                                               over 2010. In 2011, the company recorded an
Telephone                              + 852 23181818
                                                                               operating margin of 13.55%, as against 12.81% in
                                                                               2010.
Fax                                    + 852 27575138

Website                               www.chevalier.com                        Revenue and Margins

Ticker Symbol, Stock Exchange         25, Hong Kong Stock Exchange

Number of Employees                   2,800

Fiscal Year End                       March

Revenue (in US$ million)              449.32

Revenue (in HKD million)              3,491.18




                                                                               Return on Equity
SWOT Analysis
                                                                               The company recorded a return on equity (ROE) of
Strengths                             Weaknesses                               17.81% for the fiscal year 2011, as compared to its
                                                                               peers, Yau Lee Holdings Limited (Ticker: 0406), Paul
Diversified operations                Declining Market Share in Sector         Y. Engineering Group Limited (Ticker: 0577) and PYI
                                                                               Corporation Limited (Ticker: 0498), which recorded
                                                                               ROEs of 5.19%, 4.97% and 4.45% respectively.
High net income and ROE               Declining operational performance        Furthermore, the company reported an operating
                                                                               margin of 13.55% in 2011.
Worldwide network                     Growing indebtedness
                                                                               Return on Equity
                                      Less focus on international operations

Opportunities                         Threats

Remodeling business in the US         Shortage of skilled personnel

Stabilizing Hong Kong property market Tightened lending policies

Strong growth in Chinese property
                                      Volatile raw material prices
market




                                                                               Liquidity Position

                                                                               The company reported a current ratio of 1.64 in 2011,
                                                                               as compared to its peers, Yau Lee Holdings Limited,
                                                                               Paul Y. Engineering Group Limited and PYI
                                                                               Corporation Limited, which recorded current ratios of
                                                                               1.50, 1.06 and 1.46 respectively. As of March 2011,
                                                                               the company recorded cash and short-term
                                                                               investments of worth US$236.21 million, against
                                                                               US$47.84 million current debt. The company reported
                                                                               a debt to equity ratio of 0.37 in 2011 as compared to
                                                                               its peers, Yau Lee Holdings Limited, Paul Y.
                                                                               Engineering Group Limited and PYI Corporation
                                                                               Limited, which recorded debt to equity ratios of 0.58,
                                                                               0.42 and 0.44 respectively.




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Chevalier International Holdings Limited - SWOT Profile                                                                Page 1
Chevalier International Holdings Limited

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TABLE OF CONTENTS

1     Business Analysis ................................................................................................................................... 5
    1.1       Company Overview ................................................................................................................................................5
    1.2       Business Description ..............................................................................................................................................5
    1.3       Major Products and Services .................................................................................................................................7
2     Analysis of Key Performance Indicators ............................................................................................... 9
    2.1       Five Year Snapshot: Overview of Financial and Operational Performance Indicators ..........................................9
    2.2       Key Financial Performance Indicators .................................................................................................................12
      2.2.1       Revenue and Operating Profit .........................................................................................................................12
      2.2.2       Asset, Liabilities and Capex .............................................................................................................................13
      2.2.3       Net Debt vs. Gearing Ratio ..............................................................................................................................14
      2.2.4       Operational Efficiency ......................................................................................................................................15
      2.2.5       Solvency ..........................................................................................................................................................16
      2.2.6       Valuation ..........................................................................................................................................................17
    2.3       Competitive Benchmarking ..................................................................................................................................18
      2.3.1       Market Capitalization .......................................................................................................................................18
      2.3.2       Efficiency ..........................................................................................................................................................19
      2.3.3       Capital Expenditure ..........................................................................................................................................20
      2.3.4       Turnover – Inventory and Asset .......................................................................................................................21
      2.3.5       Liquidity ............................................................................................................................................................22
3     Mergers & Acquisitions and Partnerships ........................................................................................... 23
    3.1       M&A and Partnerships Strategy ...........................................................................................................................23
4     SWOT Analysis ...................................................................................................................................... 24
    4.1       SWOT Analysis - Overview ..................................................................................................................................24
    4.2       Strengths ..............................................................................................................................................................24
    4.3       Weaknesses .........................................................................................................................................................25
    4.4       Opportunities ........................................................................................................................................................25
    4.5       Threats .................................................................................................................................................................26
5     Company Statement .............................................................................................................................. 27
6     History .................................................................................................................................................... 28
7     Key Employees ...................................................................................................................................... 30
8     Key Employee Biographies................................................................................................................... 31
9     Locations and Subsidiaries .................................................................................................................. 32
    9.1       Head Office ..........................................................................................................................................................32
    9.2       Other Locations and Subsidiaries ........................................................................................................................32

								
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