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Hopewell Highway Infrastructure

DB:HHI
Snowflake Description

Flawless balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HHI
DB
HK$13B
Market Cap
  1. Home
  2. DE
  3. Transportation
Company description

Hopewell Highway Infrastructure Limited, an investment holding company, develops, operates, and manages expressways in the People’s Republic of China. The last earnings update was 19 days ago. More info.


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HHI Share Price and Events
7 Day Returns
-1.1%
DB:HHI
2.4%
DE Infrastructure
1.3%
DE Market
1 Year Returns
-5.2%
DB:HHI
-10.4%
DE Infrastructure
-7.6%
DE Market
HHI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Hopewell Highway Infrastructure (HHI) -1.1% 4.1% 5.6% -5.2% 8.9% 41.7%
DE Infrastructure 2.4% 3.3% 14.5% -10.4% 8.6% 4.5%
DE Market 1.3% 2.8% 7.5% -7.6% 9.3% 13.3%
1 Year Return vs Industry and Market
  • HHI outperformed the Infrastructure industry which returned -10.4% over the past year.
  • HHI outperformed the Market in Germany which returned -7.6% over the past year.
Price Volatility
HHI
Industry
5yr Volatility vs Market

Value

 Is Hopewell Highway Infrastructure 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 Hopewell Highway Infrastructure 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    Our intrinsic value calculation method has changed recently, learn more here.

Below are the data sources, inputs and calculation used to determine the intrinsic value for Hopewell Highway Infrastructure.

DB:HHI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2018-12-31) in CNY CN¥ 0.22608666666667
Payout Ratio Company Filings (2018-12-31) 9420.3%
Discount Rate (Cost of Equity) See below 9.8%
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:HHI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6.7%
Infrastructure Unlevered Beta Simply Wall St/ S&P Global 0.98
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.983 (1 + (1- 25%) (0%))
1.44
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.44
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.44 * 6.65%)
9.8%

Discounted Cash Flow Calculation for DB:HHI using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Hopewell Highway Infrastructure is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

DB:HHI Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= CN¥0.23 / (9.8% - 0.23%)
CN¥0.03
DB:HHI Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:737)
1.17
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥2.36 x 1.17
HK$2.76
Non-primary Listing Adjustment Factor 1 share in DB:HHI represents 0.10865x of SEHK:737
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.10865x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 2.76 x 0.10865
€0.30
Value per share (EUR) From above. €0.30
Current discount Discount to share price of €0.45
= -1 x (€0.45 - €0.30) / €0.30
-50.7%

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

  • The current share price of Hopewell Highway Infrastructure 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 Hopewell Highway Infrastructure's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Hopewell Highway Infrastructure's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:HHI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥0.20
SEHK:737 Share Price ** SEHK (2019-03-19) in HKD HK$4.16
SEHK:737 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.855 CN¥3.56
Europe Infrastructure Industry PE Ratio Median Figure of 30 Publicly-Listed Infrastructure Companies 20.57x
Germany Market PE Ratio Median Figure of 423 Publicly-Listed Companies 19.26x

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

** Primary Listing of Hopewell Highway Infrastructure.

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

= SEHK:737 Share Price ÷ EPS (both in CNY)

= 3.56 ÷ 0.20

18.22x

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

  • Hopewell Highway Infrastructure is good value based on earnings compared to the Europe Infrastructure industry average.
  • Hopewell Highway Infrastructure is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Hopewell Highway Infrastructure's expected growth come at a high price?
Raw Data
DB:HHI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 18.22x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
1.8%per year
Europe Infrastructure Industry PEG Ratio Median Figure of 19 Publicly-Listed Infrastructure Companies 2.15x
Germany Market PEG Ratio Median Figure of 276 Publicly-Listed Companies 1.46x

*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 Hopewell Highway Infrastructure, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Hopewell Highway Infrastructure's assets?
Raw Data
DB:HHI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥1.57
SEHK:737 Share Price * SEHK (2019-03-19) in HKD HK$4.16
SEHK:737 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.855 CN¥3.56
Germany Infrastructure Industry PB Ratio Median Figure of 5 Publicly-Listed Infrastructure Companies 1.66x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.76x
DB:HHI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:737 Share Price ÷ Book Value per Share (both in CNY)

= 3.56 ÷ 1.57

2.26x

* Primary Listing of Hopewell Highway Infrastructure.

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

  • Hopewell Highway Infrastructure is overvalued based on assets compared to the DE Infrastructure industry average.
X
Value checks
We assess Hopewell Highway Infrastructure'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 Infrastructure 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 Infrastructure industry average (and greater than 0)? (1 check)
  5. Hopewell Highway Infrastructure has a total score of 2/6, 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 Hopewell Highway Infrastructure expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

  • No analysts cover Hopewell Highway Infrastructure, 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
1.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Hopewell Highway Infrastructure expected to grow at an attractive rate?
  • Hopewell Highway Infrastructure's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Hopewell Highway Infrastructure's earnings growth is positive but not above the Germany market average.
  • Hopewell Highway Infrastructure's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:HHI Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:HHI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 1.8%
DB:HHI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 43.3%
Europe Infrastructure Industry Earnings Growth Rate Market Cap Weighted Average 7.2%
Europe Infrastructure Industry Revenue Growth Rate Market Cap Weighted Average 4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.1%

*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:HHI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:HHI Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-06-30 2,620 1
2020-06-30 2,554 1
2019-06-30 2,427 1
DB:HHI Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 5 601
2018-09-30 3 629
2018-06-30 -36 656
2018-03-31 -37 685
2017-12-31 -37 714
2017-09-30 -37 668
2017-06-30 -37 623
2017-03-31 0 -38 575
2016-12-31 0 -40 528
2016-09-30 1 -41 520
2016-06-30 1 -41 511
2016-03-31 2 -40 510

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Hopewell Highway Infrastructure's earnings are expected to grow by 1.8% yearly, however this is not considered high growth (20% yearly).
  • Hopewell Highway Infrastructure's revenue is expected to grow significantly at over 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
DB:HHI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Hopewell Highway Infrastructure Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:HHI Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-06-30
2020-06-30
2019-06-30
DB:HHI Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 0.20
2018-09-30 0.20
2018-06-30 0.21
2018-03-31 0.22
2017-12-31 0.23
2017-09-30 0.22
2017-06-30 0.20
2017-03-31 0.19
2016-12-31 0.17
2016-09-30 0.17
2016-06-30 0.17
2016-03-31 0.17

*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.
  • Hopewell Highway Infrastructure is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Hopewell Highway Infrastructure'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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
Hopewell Highway Infrastructure 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 Hopewell Highway Infrastructure 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 Hopewell Highway Infrastructure's growth in the last year to its industry (Infrastructure).
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.
  • Hopewell Highway Infrastructure's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Hopewell Highway Infrastructure's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Hopewell Highway Infrastructure's 1-year earnings growth is negative, it can't be compared to the Europe Infrastructure industry average.
Earnings and Revenue History
Hopewell Highway Infrastructure'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 Hopewell Highway Infrastructure Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:HHI Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 5.12 601.39 32.26
2018-09-30 2.56 628.79 33.33
2018-06-30 656.20 34.40
2018-03-31 685.13 37.80
2017-12-31 714.07 41.20
2017-09-30 668.37 40.89
2017-06-30 622.67 40.58
2017-03-31 0.04 575.44 40.86
2016-12-31 0.09 528.21 41.14
2016-09-30 0.63 519.77 40.65
2016-06-30 1.16 511.33 40.16
2016-03-31 1.50 510.07 39.25
2015-12-31 1.84 508.80 38.34
2015-09-30 1.78 514.22 38.76
2015-06-30 1.73 519.64 39.17
2015-03-31 1.89 511.53 38.39
2014-12-31 2.04 503.41 37.60
2014-09-30 2.03 528.12 37.95
2014-06-30 2.02 552.83 38.31
2014-03-31 2.02 577.28 40.53
2013-12-31 2.02 601.74 42.75
2013-09-30 2.12 601.24 42.73
2013-06-30 2.23 600.74 42.71
2013-03-31 657.48 639.63 53.75
2012-12-31 1,312.74 678.52 64.80
2012-09-30 2,251.13 757.36 82.46
2012-06-30 3,189.53 836.20 100.13
2012-03-31 3,392.16 860.94 98.37

*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.
  • Hopewell Highway Infrastructure has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Hopewell Highway Infrastructure used its assets more efficiently than the Europe Infrastructure industry average last year based on Return on Assets.
  • It is difficult to establish if Hopewell Highway Infrastructure improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Hopewell Highway Infrastructure'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 Infrastructure 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.
Hopewell Highway Infrastructure 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 Hopewell Highway Infrastructure'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 Hopewell Highway Infrastructure's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Hopewell Highway Infrastructure is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Hopewell Highway Infrastructure's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Hopewell Highway Infrastructure'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.
  • Hopewell Highway Infrastructure has no debt, it does not need to be covered by short term assets.
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 Hopewell Highway Infrastructure Company Filings, last reported 2 months ago.

DB:HHI Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 4,869.47 0.00 140.77
2018-09-30 4,869.47 0.00 140.77
2018-06-30 5,175.29 0.00 693.03
2018-03-31 5,175.29 0.00 693.03
2017-12-31 5,243.57 0.00 417.83
2017-09-30 5,243.57 0.00 417.83
2017-06-30 5,557.16 0.00 470.01
2017-03-31 5,557.16 0.00 470.01
2016-12-31 5,469.33 0.00 523.28
2016-09-30 5,469.33 0.00 523.28
2016-06-30 6,719.17 0.00 653.13
2016-03-31 6,719.17 0.00 653.13
2015-12-31 6,720.30 266.42 837.76
2015-09-30 6,720.30 266.42 837.76
2015-06-30 7,299.09 236.56 575.32
2015-03-31 7,299.09 236.56 575.32
2014-12-31 7,297.61 955.88 1,177.43
2014-09-30 7,297.61 955.88 1,177.43
2014-06-30 7,285.81 698.48 817.22
2014-03-31 7,285.81 698.48 817.22
2013-12-31 7,349.65 1,274.01 1,419.60
2013-09-30 7,349.65 1,274.01 1,419.60
2013-06-30 7,620.60 1,201.82 1,484.34
2013-03-31 7,620.60 1,201.82 1,484.34
2012-12-31 7,638.80 7,625.37 2,320.05
2012-09-30 7,638.80 7,625.37 2,320.05
2012-06-30 7,337.52 8,786.99 3,883.45
2012-03-31 7,265.01 8,699.92 3,845.07
  • Hopewell Highway Infrastructure has no debt.
  • Hopewell Highway Infrastructure has no debt compared to 5 years ago when it was 17.2%.
  • Hopewell Highway Infrastructure has no debt, it does not need to be covered by operating cash flow.
  • Hopewell Highway Infrastructure has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Hopewell Highway Infrastructure'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. Hopewell Highway Infrastructure has a total score of 6/6, 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 Hopewell Highway Infrastructure'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
8.32%
Current annual income from Hopewell Highway Infrastructure dividends. Estimated to be 6.36% next year.
If you bought €2,000 of Hopewell Highway Infrastructure shares you are expected to receive €166 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?
  • Hopewell Highway Infrastructure's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.5%).
  • Hopewell Highway Infrastructure's dividend is above the markets top 25% of dividend payers in Germany (3.9%).
Upcoming dividend payment

Purchase Hopewell Highway Infrastructure on or 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:HHI 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
Europe Infrastructure Industry Average Dividend Yield Market Cap Weighted Average of 30 Stocks 3.4%
Germany Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
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:HHI Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2021-06-30 0.23 2.00
2020-06-30 0.22 2.00
2019-06-30 0.22 2.00
DB:HHI Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-02-28 0.296 8.359
2018-10-30 0.313 9.022
2018-09-18 0.332 9.248
2017-10-26 0.302 7.673
2017-01-04 0.568 14.650
2016-10-26 0.564 15.723
2016-02-02 0.168 4.933
2015-09-16 0.168 5.473
2015-08-26 0.168 5.511
2015-01-05 0.174 5.725
2014-09-17 0.179 5.934
2014-08-26 0.179 5.787
2014-01-02 0.188 6.258
2013-09-16 0.180 6.008
2013-08-20 0.180 6.125
2012-09-13 0.268 8.467
2012-08-20 0.277 8.681
2012-02-23 0.291 9.251
2011-08-25 0.276 7.904
2011-02-24 0.254 6.080
2010-08-31 0.270 5.416
2010-02-04 0.304 6.504
2009-09-17 1.045 25.152
2009-08-26 1.049 25.033
2009-03-20 1.003 25.861

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Hopewell Highway Infrastructure's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (1x coverage).
X
Income/ dividend checks
We assess Hopewell Highway Infrastructure'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 Hopewell Highway Infrastructure afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Hopewell Highway Infrastructure has a total score of 2/6, 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 Hopewell Highway Infrastructure'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
Tianliang Zhang
COMPENSATION CN¥231,000
AGE 55
TENURE AS CEO 0.9 years
CEO Bio

Mr. Tianliang Zhang has been Executive Director and General Manager of Hopewell Highway Infrastructure Ltd since April 11, 2018. He is a director of various subsidiaries of Hopewell Highway Infrastructure Ltd April 11, 2018 (after the despatch of the Composite Document). He obtained a Bachelor of Laws degree at the Hubei University in July 1985, obtained a Master of Laws degree from the Central China Normal University in July 1987, and has obtained the qualification as a Senior Economist in 2001. In December 1991, Mr. ZHANG was as a Director Staff Member of the Three Divisions of the Policy Research Office of Hubei Provincial Government. In February 1993, Mr. ZHANG was a Director Staff Member of the Policy Research and Political Reform Office of CPC Shenzhen Municipal Party Committee and later became a Deputy Director General of the Policy Research and Political Reform Division of CPC Shenzhen Municipal Party Committee. In November 2002, Mr. ZHANG was the Deputy General Manager of Shenzhen Shahe Industry (Group) Co., Ltd. and became the Chairman of the Supervisory Board in November 2004. In February 2011, Mr. ZHANG was the director and the Secretary of the Disciplinary Committee of Shenzhen Changcheng Investment Holdings Company Limited. Mr. ZHANG was transferred to Shenzhen Wuzhou Guesthouse Company Limited in April 2014 as the Chairman and Secretary of the Party Committee.

CEO Compensation
  • Insufficient data for Tianliang to compare compensation growth.
  • Tianliang's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Hopewell Highway Infrastructure management team in years:

0.9
Average Tenure
48
Average Age
  • The average tenure for the Hopewell Highway Infrastructure management team is less than 2 years, this suggests a new team.
Management Team

Tianliang Zhang

TITLE
Executive Director & GM
COMPENSATION
CN¥231K
AGE
55
TENURE
0.9 yrs

Cheng Wu

TITLE
Executive Director & Deputy GM
COMPENSATION
CN¥231K
AGE
48
TENURE
0.9 yrs

Ji Liu

TITLE
Executive Director
COMPENSATION
CN¥231K
AGE
42
TENURE
0.9 yrs

Kenneth Leung

TITLE
Financial Controller and Qualified Accountant
AGE
55
TENURE
14.5 yrs

Ching Koo

TITLE
Company Secretary
AGE
48
TENURE
2.3 yrs
Board of Directors Tenure

Average tenure and age of the Hopewell Highway Infrastructure board of directors in years:

0.9
Average Tenure
48
Average Age
  • The average tenure for the Hopewell Highway Infrastructure board of directors is less than 3 years, this suggests a new board.
Board of Directors

Zhengyu Liu

TITLE
Chairman of the Board
AGE
48
TENURE
0.9 yrs

Tianliang Zhang

TITLE
Executive Director & GM
COMPENSATION
CN¥231K
AGE
55
TENURE
0.9 yrs

Cheng Wu

TITLE
Executive Director & Deputy GM
COMPENSATION
CN¥231K
AGE
48
TENURE
0.9 yrs

Ji Liu

TITLE
Executive Director
COMPENSATION
CN¥231K
AGE
42
TENURE
0.9 yrs

Brian David Li

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥330K
AGE
43
TENURE
7.7 yrs

Yu Lung Ching

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥75K
AGE
48
TENURE
0.9 yrs

Tony Kan

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥70K
AGE
67
TENURE
0.9 yrs

Qingyong Gu

TITLE
Non-Executive Director
AGE
41
TENURE
0.6 yrs

Junye Cai

TITLE
Non-Executive Director
AGE
35
TENURE
0.3 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 (€)
20. Aug 18 Buy Shenzhen Investment International Capital Holdings Co., Limited Company 17. Aug 18 17. Aug 18 291,207,411 €0.54 €156,030,150
20. Aug 18 Sell Shenzhen Investment Holdings Co., Ltd. Company 17. Aug 18 17. Aug 18 -291,207,411 €0.54 €-156,030,150
27. Jul 18 Sell Shenzhen Investment Holdings Co., Ltd. Company 24. Jul 18 24. Jul 18 -305,087,338 €0.52 €-159,601,157
24. Jul 18 Buy China Vanke Co., Ltd. Company 20. Jul 18 20. Jul 18 305,087,338 €0.52 €159,342,192
04. May 18 Buy Shenzhen Investment Holdings Co., Ltd. Company 02. May 18 02. May 18 754,457,078 €0.51 €385,360,404
30. Apr 18 Sell Chi Chan Individual 30. Apr 18 30. Apr 18 -507,750 €0.51 €-257,195
10. Apr 18 Buy Shenzhen Investment Holdings Co., Ltd. Company 04. Apr 18 04. Apr 18 2,055,287,337 €0.50 €1,021,865,277
10. Apr 18 Sell Delta Roads Ltd Company 04. Apr 18 04. Apr 18 -2,055,287,337 €0.50 €-1,021,865,277
27. Mar 18 Buy Morgan Stanley Investment Management Inc. Company 22. Mar 18 22. Mar 18 1,874,102 €0.49 €924,867
X
Management checks
We assess Hopewell Highway Infrastructure'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. Hopewell Highway Infrastructure 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

Hopewell Highway Infrastructure Limited, an investment holding company, develops, operates, and manages expressways in the People’s Republic of China. The company operates toll-expressway projects comprising Guangzhou-Shenzhen Superhighway, Phase I of the Western Delta Route, Phase II of the Western Delta Route, and Phase III of the Western Delta Route. It is also involved in loan financing activities. Hopewell Highway Infrastructure Limited is based in Wan Chai, Hong Kong. Hopewell Highway Infrastructure Limited is a subsidiary of Shenzhen Investment International Capital Holdings Infrastructure Co., Ltd.

Details
Name: Hopewell Highway Infrastructure Limited
HHI
Exchange: DB
Founded:
HK$1,438,771,713
3,081,690,283
Website: http://www.hopewellhighway.com
Address: Hopewell Highway Infrastructure Limited
Hopewell Centre,
Room 63-02,
Wan Chai,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 737 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 06. Aug 2003
OTCPK HHIL.F Ordinary Shares Pink Sheets LLC US USD 06. Aug 2003
DB HHI Ordinary Shares Deutsche Boerse AG DE EUR 06. Aug 2003
SHSC 737 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 06. Aug 2003
SZSC 737 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 06. Aug 2003
OTCPK HHIL.Y ADR Pink Sheets LLC US USD 21. Jan 2005
SEHK 80737 HKD0.10(CNY) The Stock Exchange of Hong Kong Ltd. HK CNY 29. Oct 2012
Number of employees
Current staff
Staff numbers
28
Hopewell Highway Infrastructure employees.
Industry
Highways and Railtracks
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/19 20:55
End of day share price update: 2019/03/19 00:00
Last estimates confirmation: 2019/03/06
Last earnings filing: 2019/02/28
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.