Loading...

HKC (Holdings)

DB:H8CC
Snowflake Description

Adequate balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
H8CC
DB
HK$3B
Market Cap
  1. Home
  2. DE
  3. Real Estate
Company description

HKC (Holdings) Limited, together with its subsidiaries, engages in the property development and investment, and renewable energy investment and operation businesses in the People’s Republic of China. The last earnings update was 44 days ago. More info.


Add to Portfolio Compare Print
  • HKC (Holdings) has significant price volatility in the past 3 months.
H8CC Share Price and Events
7 Day Returns
-4.3%
DB:H8CC
0.5%
DE Real Estate
-2.3%
DE Market
1 Year Returns
-15.5%
DB:H8CC
12.6%
DE Real Estate
-11.5%
DE Market
H8CC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
HKC (Holdings) (H8CC) -4.3% -6.3% -15.9% -15.5% 97.2% 60.3%
DE Real Estate 0.5% 4.7% 5.3% 12.6% 45.2% 133.6%
DE Market -2.3% -4.9% 0.8% -11.5% 5.7% 6.6%
1 Year Return vs Industry and Market
  • H8CC underperformed the Real Estate industry which returned 12.6% over the past year.
  • H8CC underperformed the Market in Germany which returned -11.5% over the past year.
Price Volatility
H8CC
Industry
5yr Volatility vs Market

Value

 Is HKC (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
Here we compare the current share price of HKC (Holdings) 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 HKC (Holdings).

DB:H8CC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 10.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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 DB:H8CC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6.7%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 0.99
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.988 (1 + (1- 25%) (112.45%))
1.55
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.55
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.55 * 6.65%)
10.53%

Discounted Cash Flow Calculation for DB:H8CC using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for HKC (Holdings) is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:H8CC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 10.53%)
2019 364.17 Est @ -13.09% 329.47
2020 331.04 Est @ -9.1% 270.96
2021 310.19 Est @ -6.3% 229.69
2022 296.72 Est @ -4.34% 198.78
2023 287.91 Est @ -2.97% 174.50
2024 282.12 Est @ -2.01% 154.70
2025 278.34 Est @ -1.34% 138.08
2026 275.92 Est @ -0.87% 123.84
2027 274.43 Est @ -0.54% 111.43
2028 273.58 Est @ -0.31% 100.50
Present value of next 10 years cash flows HK$1,831.95
DB:H8CC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= HK$273.58 × (1 + 0.23%) ÷ (10.53% – 0.23%)
HK$2,660.90
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$2,660.90 ÷ (1 + 10.53%)10
HK$977.48
DB:H8CC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$1,831.95 + HK$977.48
HK$2,809.43
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$2,809.43 / 528.80
HK$5.31
DB:H8CC Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:H8CC represents 0.11071x of SEHK:190
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.11071x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 5.31 x 0.11071
€0.59
Value per share (EUR) From above. €0.59
Current discount Discount to share price of €0.64
= -1 x (€0.64 - €0.59) / €0.59
-9%

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

  • The current share price of HKC (Holdings) is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 HKC (Holdings)'s earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are HKC (Holdings)'s earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:H8CC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in HKD HK$1.39
SEHK:190 Share Price ** SEHK (2019-05-24) in HKD HK$5.79
Germany Real Estate Industry PE Ratio Median Figure of 32 Publicly-Listed Real Estate Companies 15.63x
Germany Market PE Ratio Median Figure of 421 Publicly-Listed Companies 20.2x

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

** Primary Listing of HKC (Holdings).

DB:H8CC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:190 Share Price ÷ EPS (both in HKD)

= 5.79 ÷ 1.39

4.17x

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

  • HKC (Holdings) is good value based on earnings compared to the DE Real Estate industry average.
  • HKC (Holdings) is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does HKC (Holdings)'s expected growth come at a high price?
Raw Data
DB:H8CC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.17x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
21.7%per year
Germany Real Estate Industry PEG Ratio Median Figure of 19 Publicly-Listed Real Estate Companies 1.03x
Germany Market PEG Ratio Median Figure of 271 Publicly-Listed Companies 1.5x

*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 HKC (Holdings), we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on HKC (Holdings)'s assets?
Raw Data
DB:H8CC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in HKD HK$24.97
SEHK:190 Share Price * SEHK (2019-05-24) in HKD HK$5.79
Germany Real Estate Industry PB Ratio Median Figure of 42 Publicly-Listed Real Estate Companies 1.36x
Germany Market PB Ratio Median Figure of 577 Publicly-Listed Companies 1.77x
DB:H8CC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:190 Share Price ÷ Book Value per Share (both in HKD)

= 5.79 ÷ 24.97

0.23x

* Primary Listing of HKC (Holdings).

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

  • HKC (Holdings) is good value based on assets compared to the DE Real Estate industry average.
X
Value checks
We assess HKC (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 Real Estate 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 Real Estate industry average (and greater than 0)? (1 check)
  5. HKC (Holdings) has a total score of 3/6, 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 HKC (Holdings) expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover HKC (Holdings), 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
21.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is HKC (Holdings) expected to grow at an attractive rate?
  • HKC (Holdings)'s earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • HKC (Holdings)'s earnings growth is expected to exceed the Germany market average.
  • Unable to compare HKC (Holdings)'s revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:H8CC Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:H8CC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 21.7%
Germany Real Estate Industry Earnings Growth Rate Market Cap Weighted Average -4.3%
Germany Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 3.6%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*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
DB:H8CC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 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.
DB:H8CC Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-12-31 1,270 541 734
2018-09-30 1,435 710 811
2018-06-30 1,601 878 889
2018-03-31 1,695 1,170 894
2017-12-31 1,789 1,461 899
2017-09-30 1,799 728
2017-06-30 1,808 1,394 557
2017-03-31 1,707 1,136 416
2016-12-31 1,605 878 275
2016-09-30 1,392 281
2016-06-30 1,179 760 286
2016-03-31 1,187 630 -90

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • HKC (Holdings)'s earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if HKC (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
DB:H8CC 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 0 Analyst Estimates (S&P Global) See Below

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

DB:H8CC Past Financials Data
Date (Data in HKD Millions) EPS *
2018-12-31 1.39
2018-09-30 1.53
2018-06-30 1.68
2018-03-31 1.69
2017-12-31 1.70
2017-09-30 1.38
2017-06-30 1.05
2017-03-31 0.79
2016-12-31 0.52
2016-09-30 0.53
2016-06-30 0.55
2016-03-31 -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.
  • Unable to establish if HKC (Holdings) will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess HKC (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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany 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.
HKC (Holdings) 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 HKC (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 HKC (Holdings)'s growth in the last year to its industry (Real Estate).
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.
  • HKC (Holdings) has delivered over 20% year on year earnings growth in the past 5 years.
  • HKC (Holdings)'s 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • HKC (Holdings)'s 1-year earnings growth is negative, it can't be compared to the DE Real Estate industry average.
Earnings and Revenue History
HKC (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 HKC (Holdings) Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:H8CC Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,270.00 734.10 191.60
2018-09-30 1,435.45 811.30 221.90
2018-06-30 1,600.90 888.50 252.20
2018-03-31 1,695.00 893.65 253.25
2017-12-31 1,789.10 898.80 254.30
2017-09-30 1,798.70 727.70 249.55
2017-06-30 1,808.30 556.60 244.80
2017-03-31 1,706.75 415.95 234.30
2016-12-31 1,605.20 275.30 223.80
2016-09-30 1,392.10 280.65 228.50
2016-06-30 1,179.00 286.00 233.20
2016-03-31 1,187.25 -90.00 235.25
2015-12-31 1,195.50 -466.00 237.30
2015-09-30 1,164.45 -517.45 229.00
2015-06-30 1,133.40 -568.90 220.70
2015-03-31 1,007.30 -328.05 224.40
2014-12-31 881.20 -87.20 228.10
2014-09-30 1,244.65 -77.35 236.35
2014-06-30 1,608.10 -67.50 244.60
2014-03-31 1,524.55 2.65 253.95
2013-12-31 1,441.00 72.80 263.30
2013-09-30 913.85 25.30 274.05
2013-06-30 386.70 -22.20 284.80
2013-03-31 357.75 40.55 286.15
2012-12-31 328.80 103.30 287.50
2012-09-30 376.70 171.85 289.95
2012-06-30 424.60 240.40 292.40

*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.
  • HKC (Holdings) has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • HKC (Holdings) used its assets less efficiently than the DE Real Estate industry average last year based on Return on Assets.
  • HKC (Holdings) has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess HKC (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 Real Estate 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.
HKC (Holdings) has a total score of 2/6, 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 HKC (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 HKC (Holdings)'s finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • HKC (Holdings) is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • HKC (Holdings)'s long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of HKC (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 1.3x 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 HKC (Holdings) Company Filings, last reported 4 months ago.

DB:H8CC Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 15,954.40 3,442.80 2,601.90
2018-09-30 15,954.40 3,442.80 2,601.90
2018-06-30 16,139.10 3,214.80 2,546.60
2018-03-31 16,139.10 3,214.80 2,546.60
2017-12-31 15,956.20 3,022.30 2,497.40
2017-09-30 15,956.20 3,022.30 2,497.40
2017-06-30 14,568.80 2,853.20 2,009.90
2017-03-31 14,568.80 2,853.20 2,009.90
2016-12-31 13,627.10 2,944.40 1,322.50
2016-09-30 13,627.10 2,944.40 1,322.50
2016-06-30 13,969.30 3,175.90 1,275.80
2016-03-31 13,969.30 3,175.90 1,275.80
2015-12-31 13,841.70 4,130.80 991.90
2015-09-30 13,841.70 4,130.80 991.90
2015-06-30 14,441.70 4,335.60 1,071.80
2015-03-31 14,441.70 4,335.60 1,071.80
2014-12-31 15,096.20 4,179.40 1,117.00
2014-09-30 15,096.20 4,179.40 1,117.00
2014-06-30 14,860.80 3,513.00 1,099.90
2014-03-31 14,860.80 3,513.00 1,099.90
2013-12-31 15,349.10 3,516.90 1,378.80
2013-09-30 15,349.10 3,516.90 1,378.80
2013-06-30 14,867.70 3,238.90 1,609.00
2013-03-31 14,867.70 3,238.90 1,609.00
2012-12-31 14,712.60 2,991.80 2,332.00
2012-09-30 14,712.60 2,991.80 2,332.00
2012-06-30 14,183.30 3,010.20 2,281.10
  • HKC (Holdings)'s level of debt (21.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (22.9% vs 21.6% today).
  • Debt is not well covered by operating cash flow (15.7%, less than 20% of total debt).
  • HKC (Holdings) earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess HKC (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. HKC (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.

Dividends

 What is HKC (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
4.49%
Current annual income from HKC (Holdings) dividends.
If you bought €2,000 of HKC (Holdings) shares you are expected to receive €90 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?
  • HKC (Holdings)'s pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.45%).
  • HKC (Holdings)'s dividend is above the markets top 25% of dividend payers in Germany (3.89%).
Upcoming dividend payment

Purchase HKC (Holdings) before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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
DB:H8CC 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
Germany Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 25 Stocks 2.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

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

DB:H8CC Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2019-03-20 0.260 4.110
2018-08-23 0.260 4.003
2018-03-19 0.170 2.633
2017-08-24 0.120 2.034
2017-03-14 0.080 1.514
2013-04-25 0.500 8.412
2013-03-22 0.500 7.508
2012-09-13 0.500 6.685
2012-08-23 0.500 6.717
2010-04-29 0.000 0.000
2010-03-23 0.000 0.000
2009-09-18 0.000 0.000

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

  • HKC (Holdings) has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • HKC (Holdings) has only been paying a dividend for 7 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of HKC (Holdings)'s earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5.3x coverage).
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 HKC (Holdings)'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 HKC (Holdings) afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. HKC (Holdings) has a total score of 3/6, 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 HKC (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
Eric Oei
COMPENSATION HK$13,529,000
AGE 47
TENURE AS CEO 5.3 years
CEO Bio

Mr. Kang Oei, also known as Eric, has been the Chief Executive Officer of HKC (Holdings) Limited since January 1, 2014. Mr. Oei has been the Chairman and Chief Executive Officer at China Renewable Energy Investment Limited since April 10, 2008. He served as the Chief Executive Officer of HKC (Holdings) Limited from September 2008 to September 1, 2010. He served as the Managing Director and Chief Executive Officer of HKC (Holdings) Limited since April 2004. He worked at Peregrine Securities Limited and PCCW in Hong Kong, the LG Group in Seoul and McKinsey & Co. in Los Angeles, the United States of America. He served as an Executive Chairman of HKC (Holdings) Limited. He has been an Executive Director of Hong Kong Energy Holdings Limited since April 10, 2008. Mr. Oei has been an Executive Director of HKC (Holdings) Limited since April 2014. He serves as a Director of other members of HKC Group. He serves as a Sole Director of Creator Holdings Limited and Noble Quest Enterprises Limited. He was educated in the United States of America. Mr. Oei holds a Bachelor's Degree in Economics minor in Electrical Engineering from the University of California, San Diego and a Master's Degree in Business Administration from Claremont Graduate School.

CEO Compensation
  • Eric's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Eric's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the HKC (Holdings) management team in years:

12.3
Average Tenure
58
Average Age
  • The average tenure for the HKC (Holdings) management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Eric Oei

TITLE
CEO & Executive Director
COMPENSATION
HK$14M
AGE
47
TENURE
5.3 yrs

Samuel Leung

TITLE
Executive Director & CFO
COMPENSATION
HK$3M
AGE
54
TENURE
3.6 yrs

Sammy Wong

TITLE
Investor Relations Director & Executive Director
COMPENSATION
HK$3M
AGE
57
TENURE
12.3 yrs

Daniel Lee

TITLE
Executive Director
COMPENSATION
HK$3M
AGE
52

Tom Tang

TITLE
Head of Civils Construction Department and Chief Technical Officer
COMPENSATION
HK$2M
AGE
59
TENURE
11.3 yrs

Jianchu Lu

TITLE
Head of Administration & Human Resources Department and Assistant General Manager
AGE
63
TENURE
17.8 yrs

Eric Yeung

TITLE
Business Development & Management Director
AGE
44

Dennis Tsang

TITLE
Head of Buildings Department and Technical Director
AGE
65
TENURE
20.1 yrs

Yu Man Mak

TITLE
Deputy Head of Civils Construction Department
AGE
70

Yoshinori Kotera

TITLE
Deputy Head of Buildings -Construction Department
AGE
65
TENURE
39.3 yrs
Board of Directors Tenure

Average tenure and age of the HKC (Holdings) board of directors in years:

14.8
Average Tenure
57
Average Age
  • The average tenure for the HKC (Holdings) board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Tjie Goan Oei

TITLE
Non-Executive Chairman
AGE
73
TENURE
15.1 yrs

Eric Oei

TITLE
CEO & Executive Director
COMPENSATION
HK$14M
AGE
47
TENURE
15.1 yrs

Ching Yu

TITLE
Honorary Chairman

Samuel Leung

TITLE
Executive Director & CFO
COMPENSATION
HK$3M
AGE
54
TENURE
3.7 yrs

Sammy Wong

TITLE
Investor Relations Director & Executive Director
COMPENSATION
HK$3M
AGE
57
TENURE
5.3 yrs

Daniel Lee

TITLE
Executive Director
COMPENSATION
HK$3M
AGE
52
TENURE
5.3 yrs

Yuk Wo Cheng

TITLE
Independent Non-Executive Director
COMPENSATION
HK$240K
AGE
57
TENURE
14.8 yrs

Albert Thomas da Rosa

TITLE
Independent Non-Executive Director
COMPENSATION
HK$240K
AGE
64
TENURE
14.7 yrs

Mico Chung

TITLE
Independent Non-Executive Director
COMPENSATION
HK$240K
AGE
57
TENURE
15.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
19. Dec 18 Buy Kang Oei Individual 14. Dec 18 14. Dec 18 183,000 €0.82 €149,878
18. Dec 18 Buy Kang Oei Individual 13. Dec 18 13. Dec 18 607,000 €0.80 €487,039
17. Dec 18 Buy Kang Oei Individual 12. Dec 18 12. Dec 18 76,000 €0.78 €59,024
15. Dec 18 Buy Kang Oei Individual 11. Dec 18 11. Dec 18 682,000 €0.77 €524,017
13. Dec 18 Buy Kang Oei Individual 10. Dec 18 10. Dec 18 782,000 €0.75 €588,048
10. Dec 18 Buy Kang Oei Individual 07. Dec 18 07. Dec 18 465,000 €0.74 €342,904
10. Dec 18 Buy Kang Oei Individual 05. Dec 18 05. Dec 18 285,000 €0.74 €210,091
10. Dec 18 Buy Kang Oei Individual 06. Dec 18 06. Dec 18 224,000 €0.73 €164,521
06. Dec 18 Buy Kang Oei Individual 03. Dec 18 03. Dec 18 354,000 €0.72 €255,627
06. Dec 18 Buy Kang Oei Individual 04. Dec 18 04. Dec 18 371,000 €0.73 €272,171
05. Dec 18 Buy Kang Oei Individual 30. Nov 18 30. Nov 18 159,000 €0.72 €113,777
04. Dec 18 Buy Kang Oei Individual 29. Nov 18 29. Nov 18 75,000 €0.70 €52,677
30. Nov 18 Buy Kang Oei Individual 27. Nov 18 27. Nov 18 84,000 €0.69 €58,255
03. Dec 18 Buy Kang Oei Individual 28. Nov 18 28. Nov 18 148,000 €0.70 €104,249
29. Nov 18 Buy Kang Oei Individual 26. Nov 18 26. Nov 18 36,000 €0.68 €24,493
28. Nov 18 Buy Kang Oei Individual 23. Nov 18 23. Nov 18 26,000 €0.69 €17,859
27. Nov 18 Buy Kang Oei Individual 22. Nov 18 22. Nov 18 88,000 €0.68 €60,224
26. Nov 18 Buy Kang Oei Individual 21. Nov 18 21. Nov 18 35,000 €0.69 €24,175
23. Nov 18 Buy Kang Oei Individual 20. Nov 18 20. Nov 18 33,000 €0.69 €22,829
22. Nov 18 Buy Kang Oei Individual 19. Nov 18 19. Nov 18 7,000 €0.70 €4,878
21. Nov 18 Buy Kang Oei Individual 16. Nov 18 16. Nov 18 50,000 €0.70 €34,761
12. Sep 18 Buy Kang Oei Individual 07. Sep 18 07. Sep 18 58,000 €0.72 €41,906
10. Sep 18 Buy Kang Oei Individual 05. Sep 18 05. Sep 18 82,000 €0.73 €60,239
11. Sep 18 Buy Kang Oei Individual 06. Sep 18 06. Sep 18 53,000 €0.73 €38,771
07. Sep 18 Buy Kang Oei Individual 04. Sep 18 04. Sep 18 137,000 €0.74 €101,637
06. Sep 18 Buy Kang Oei Individual 03. Sep 18 03. Sep 18 43,000 €0.73 €31,341
05. Sep 18 Buy Kang Oei Individual 31. Aug 18 31. Aug 18 111,000 €0.72 €80,445
03. Sep 18 Buy Kang Oei Individual 29. Aug 18 29. Aug 18 21,000 €0.71 €15,013
31. Aug 18 Buy Kang Oei Individual 28. Aug 18 28. Aug 18 13,200 €0.71 €9,324
23. Jul 18 Buy Kang Oei Individual 18. Jul 18 18. Jul 18 68,000 €0.75 €51,207
25. Jul 18 Buy Kang Oei Individual 20. Jul 18 20. Jul 18 104,000 €0.74 €76,578
24. Jul 18 Buy Kang Oei Individual 19. Jul 18 19. Jul 18 51,000 €0.76 €38,982
20. Jul 18 Buy Kang Oei Individual 17. Jul 18 17. Jul 18 50,000 €0.74 €36,788
19. Jul 18 Buy Kang Oei Individual 16. Jul 18 16. Jul 18 18,000 €0.75 €13,421
18. Jul 18 Buy Kang Oei Individual 13. Jul 18 13. Jul 18 55,000 €0.75 €41,202
17. Jul 18 Buy Kang Oei Individual 12. Jul 18 12. Jul 18 54,000 €0.74 €39,794
16. Jul 18 Buy Kang Oei Individual 11. Jul 18 11. Jul 18 10,000 €0.74 €7,367
12. Jul 18 Buy Kang Oei Individual 09. Jul 18 09. Jul 18 15,000 €0.74 €11,089
13. Jul 18 Buy Kang Oei Individual 10. Jul 18 10. Jul 18 94,000 €0.74 €69,276
11. Jul 18 Buy Kang Oei Individual 06. Jul 18 06. Jul 18 97,000 €0.73 €70,356
10. Jul 18 Buy Kang Oei Individual 05. Jul 18 05. Jul 18 68,000 €0.73 €49,468
09. Jul 18 Buy Kang Oei Individual 04. Jul 18 04. Jul 18 26,000 €0.75 €19,601
04. Jul 18 Sell Kang Oei Individual 28. Jun 18 28. Jun 18 -92,000 €0.75 €-69,095
06. Jul 18 Buy Kang Oei Individual 03. Jul 18 03. Jul 18 242,000 €0.76 €184,032
23. Oct 18 Buy Kang Oei Individual 18. Oct 18 18. Oct 18 49,000 €0.61 €29,887
21. Sep 18 Buy Kang Oei Individual 18. Sep 18 18. Sep 18 7,000 €0.72 €5,040
20. Sep 18 Buy Kang Oei Individual 17. Sep 18 17. Sep 18 24,000 €0.72 €17,202
19. Sep 18 Buy Kang Oei Individual 14. Sep 18 14. Sep 18 93,000 €0.72 €66,559
18. Sep 18 Buy Kang Oei Individual 13. Sep 18 13. Sep 18 33,000 €0.71 €23,536
14. Sep 18 Buy Kang Oei Individual 12. Sep 18 12. Sep 18 54,000 €0.71 €38,301
13. Sep 18 Buy Kang Oei Individual 10. Sep 18 10. Sep 18 138,000 €0.74 €101,689
05. Jul 18 Buy Kang Oei Individual 29. Jun 18 29. Jun 18 143,000 €0.76 €108,589
25. Jun 18 Buy Kang Oei Individual 20. Jun 18 20. Jun 18 118,000 €0.80 €94,124
21. Jun 18 Buy Kang Oei Individual 15. Jun 18 15. Jun 18 32,000 €0.83 €26,622
29. Jun 18 Buy Kang Oei Individual 27. Jun 18 27. Jun 18 138,000 €0.76 €104,469
29. Jun 18 Buy Kang Oei Individual 26. Jun 18 26. Jun 18 137,000 €0.76 €103,997
28. Jun 18 Buy Kang Oei Individual 25. Jun 18 25. Jun 18 175,000 €0.77 €135,058
27. Jun 18 Buy Kang Oei Individual 22. Jun 18 22. Jun 18 161,000 €0.76 €122,163
26. Jun 18 Buy Kang Oei Individual 21. Jun 18 21. Jun 18 60,000 €0.79 €47,667
22. Jun 18 Buy Kang Oei Individual 19. Jun 18 19. Jun 18 114,000 €0.80 €91,512
15. Jun 18 Buy Kang Oei Individual 14. Jun 18 14. Jun 18 70,000 €0.83 €57,946
15. Jun 18 Buy Kang Oei Individual 12. Jun 18 12. Jun 18 138,000 €0.82 €112,490
15. Jun 18 Buy Kang Oei Individual 13. Jun 18 13. Jun 18 50,000 €0.82 €41,169
08. Jun 18 Buy Kang Oei Individual 05. Jun 18 05. Jun 18 425,000 €0.85 €362,440
14. Jun 18 Buy Kang Oei Individual 11. Jun 18 11. Jun 18 31,000 €0.84 €26,070
13. Jun 18 Buy Kang Oei Individual 08. Jun 18 08. Jun 18 206,000 €0.85 €174,541
12. Jun 18 Buy Kang Oei Individual 07. Jun 18 07. Jun 18 277,000 €0.83 €229,496
11. Jun 18 Buy Kang Oei Individual 06. Jun 18 06. Jun 18 114,000 €0.84 €95,194
31. May 18 Buy Kang Oei Individual 28. May 18 28. May 18 363,000 €0.82 €296,390
07. Jun 18 Buy Kang Oei Individual 04. Jun 18 04. Jun 18 241,000 €0.85 €205,651
05. Jun 18 Buy Kang Oei Individual 31. May 18 31. May 18 301,000 €0.84 €252,219
01. Jun 18 Buy Kang Oei Individual 29. May 18 29. May 18 506,000 €0.84 €423,073
20. Nov 18 Buy Kang Oei Individual 14. Nov 18 14. Nov 18 10,000 €0.71 €7,118
20. Nov 18 Buy Kang Oei Individual 15. Nov 18 15. Nov 18 12,000 €0.70 €8,360
16. Nov 18 Buy Kang Oei Individual 13. Nov 18 13. Nov 18 75,000 €0.70 €52,233
15. Nov 18 Buy Kang Oei Individual 12. Nov 18 12. Nov 18 32,000 €0.69 €22,074
13. Nov 18 Buy Kang Oei Individual 08. Nov 18 08. Nov 18 44,000 €0.69 €30,142
14. Nov 18 Buy Kang Oei Individual 09. Nov 18 09. Nov 18 26,000 €0.68 €17,795
12. Nov 18 Buy Kang Oei Individual 07. Nov 18 07. Nov 18 41,000 €0.67 €27,423
09. Nov 18 Buy Kang Oei Individual 06. Nov 18 06. Nov 18 139,000 €0.67 €93,380
29. Oct 18 Buy Kang Oei Individual 24. Oct 18 24. Oct 18 22,000 €0.64 €14,048
08. Nov 18 Buy Kang Oei Individual 05. Nov 18 05. Nov 18 16,000 €0.67 €10,707
07. Nov 18 Buy Kang Oei Individual 02. Nov 18 02. Nov 18 150,000 €0.65 €98,167
05. Nov 18 Buy Kang Oei Individual 01. Nov 18 01. Nov 18 6,000 €0.64 €3,850
05. Nov 18 Buy Kang Oei Individual 31. Oct 18 31. Oct 18 58,000 €0.64 €37,193
30. Oct 18 Buy Kang Oei Individual 25. Oct 18 25. Oct 18 223,000 €0.62 €139,037
02. Nov 18 Buy Kang Oei Individual 30. Oct 18 30. Oct 18 27,000 €0.63 €16,884
01. Nov 18 Buy Kang Oei Individual 29. Oct 18 29. Oct 18 29,000 €0.62 €18,028
31. Oct 18 Buy Kang Oei Individual 26. Oct 18 26. Oct 18 46,000 €0.63 €28,832
25. Oct 18 Buy Kang Oei Individual 22. Oct 18 22. Oct 18 26,000 €0.63 €16,353
04. Sep 18 Buy Kang Oei Individual 30. Aug 18 30. Aug 18 195,000 €0.71 €138,511
30. Aug 18 Buy Kang Oei Individual 27. Aug 18 27. Aug 18 101,000 €0.70 €70,941
04. Jun 18 Buy Kang Oei Individual 30. May 18 30. May 18 676,000 €0.80 €542,553
X
Management checks
We assess HKC (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. HKC (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.

News

Simply Wall St News

Company Info

Description

HKC (Holdings) Limited, together with its subsidiaries, engages in the property development and investment, and renewable energy investment and operation businesses in the People’s Republic of China. It operates through Properties Development, Property Investment and Leasing, Renewable Energy, and Other Operations segments. The company develops and builds residential properties, including townhouses, high-rise apartments, and commercial shops; and invests in shopping malls and offices, as well as properties for restaurants and retails. It is also involved in holding properties; the development and operation of a building materials center; operation of wind power and distributed solar projects; and provision of management and property management services. The company is headquartered in Tsim Sha Tsui, Hong Kong. HKC (Holdings) Limited is a subsidiary of Claudio Holdings Limited.

Details
Name: HKC (Holdings) Limited
H8CC
Exchange: DB
Founded:
HK$348,015,015
528,800,000
Website: http://www.hkcholdings.com
Address: HKC (Holdings) Limited
Tower 1,
9th Floor,
Tsim Sha Tsui,
Kowloon, Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 190 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 02. Jan 1992
DB H8CC Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
240
HKC (Holdings) employees.
Industry
Real Estate Development
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/26 21:03
End of day share price update: 2019/05/24 00:00
Last earnings filing: 2019/04/12
Last earnings reported: 2018/12/31
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.