Nexteer Automotive Group
Market Cap
HK$21.7b
Last Updated
2019/07/18 13:05 UTC
Data Sources
Company Financials +
Executive Summary
Nexteer Automotive Group Limited, an investment holding company, designs, develops, manufactures, and distributes steering and driveline systems and components for automobile manufacturers and other automotive-related companies.
Snowflake
Fundamentals
Flawless balance sheet with proven track record.
Risks
- Nexteer Automotive Group has significant price volatility in the past 3 months.
Similar Companies
Share Price & News
How has Nexteer Automotive Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
-8.5%
SEHK:1316
-0.6%
HK Auto Components
1.0%
HK Market
1 Year Return
-22.9%
SEHK:1316
-24.7%
HK Auto Components
-4.7%
HK Market
1316 outperformed the Auto Components industry which returned -24.7% over the past year.
1316 underperformed the Market in Hong Kong which returned -4.7% over the past year.
Share holder returns
| 1316 | Industry | Market | |
|---|---|---|---|
| 7 Day | -8.5% | -0.6% | 1.0% |
| 30 Day | -9.0% | 2.0% | 3.9% |
| 90 Day | -33.7% | -21.4% | -7.8% |
| 1 Year | -20.8%-22.9% | -22.2%-24.7% | -1.4%-4.7% |
| 3 Year | 20.4%13.5% | 6.0%-1.7% | 30.5%17.5% |
| 5 Year | 64.3%50.4% | 32.1%17.5% | 22.6%2.0% |
Price Volatility Vs. Market
How volatile is Nexteer Automotive Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 days ago | Simply Wall St
How Do Analysts See Nexteer Automotive Group Limited (HKG:1316) Performing In The Next Couple Of Years?1 week ago | Simply Wall St
Nexteer Automotive Group Limited (HKG:1316) Earns Among The Best Returns In Its Industry2 weeks ago | Simply Wall St
Is Now The Time To Look At Buying Nexteer Automotive Group Limited (HKG:1316)?Valuation
Is Nexteer Automotive Group undervalued based on future cash flows and its price relative to the stock market?
32%
Discount to future cash flow value
Intrinsic Value Based on Future Cash Flows
Nexteer Automotive Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
Nexteer Automotive Group's share price is below the future cash flow value, but not at a substantial discount (< 40%).
Price Based on Earnings
Nexteer Automotive Group is good value based on earnings compared to the HK Auto Components industry average.
Nexteer Automotive Group is good value based on earnings compared to the Hong Kong market.
Price Based on Expected Growth
Nexteer Automotive Group is poor value based on expected growth next year.
Price Based on Value of Assets
Nexteer Automotive Group is overvalued based on assets compared to the HK Auto Components industry average.
Next Steps
Future Growth
How is Nexteer Automotive Group expected to perform in the next 1 to 3 years based on estimates from 16 analysts?
1.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Estimates
Future Annual Growth Analysis
Nexteer Automotive Group's revenue is expected to grow by 3.7% yearly, however this is not considered high growth (20% yearly).
Nexteer Automotive Group's earnings are expected to grow by 1.8% yearly, however this is not considered high growth (20% yearly).
Nexteer Automotive Group's revenue growth is positive but not above the Hong Kong market average.
Nexteer Automotive Group's earnings growth is expected to exceed the Hong Kong market average.
Nexteer Automotive Group's earnings growth is positive but not above the low risk savings rate of 2%.
Earnings per Share Growth Estimates
Future Return on Equity
Nexteer Automotive Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
Next Steps
Past Performance
How has Nexteer Automotive Group performed over the past 5 years?
23.9%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Nexteer Automotive Group has delivered over 20% year on year earnings growth in the past 5 years.
Nexteer Automotive Group's 1-year earnings growth is less than its 5-year average (7.9% vs 23.9%)
Nexteer Automotive Group's earnings growth has exceeded the HK Auto Components industry average in the past year (7.9% vs 0.4%).
Return on Equity
Nexteer Automotive Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
Return on Assets
Nexteer Automotive Group used its assets more efficiently than the HK Auto Components industry average last year based on Return on Assets.
Return on Capital Employed
Nexteer Automotive Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Next Steps
Financial Health
How is Nexteer Automotive Group's financial position?
Financial Position Analysis
Nexteer Automotive Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
Nexteer Automotive Group's cash and other short term assets cover its long term commitments.
Debt to Equity History and Analysis
Nexteer Automotive Group's level of debt (22.3%) 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 (99.4% vs 22.3% today).
Debt is well covered by operating cash flow (160.6%, greater than 20% of total debt).
Interest payments on debt are well covered by earnings (EBIT is 90.4x coverage).
Balance Sheet
High level of physical assets or inventory.
Debt is covered by short term assets, assets are 4.1x debt.
Next Steps
Dividend
What is Nexteer Automotive Group's current dividend yield, its reliability and sustainability?
2.78%
Expected Dividend Yield
Dividend Yield and Payments Analysis
Nexteer Automotive Group's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.08%).
Nexteer Automotive Group's dividend is below the markets top 25% of dividend payers in Hong Kong (5.72%).
Whilst dividend payments have been stable, Nexteer Automotive Group has been paying a dividend for less than 10 years.
Dividend payments have increased, but Nexteer Automotive Group only paid a dividend in the past 5 years.
Current Payout to Shareholders
Dividends paid are well covered by earnings (4.9x coverage).
Future Payout to Shareholders
Dividends after 3 years are expected to be well covered by earnings (5.2x coverage).
Next Steps
Management
What is the CEO of Nexteer Automotive Group's salary, the management and board of directors tenure and is there insider trading?
2.8yrs
Average management tenure
CEO
Guibin Zhao (55yo)
7.1yrs
Tenure
US$1,500,000
Compensation
Mr. Guibin Zhao has been Chief Executive Officer of Nexteer Automotive Group Limited since June 2012 and has been its Vice Chairman since June 3, 2019. Mr. Zhao is responsible for setting Nexteer's strateg ...
CEO Compensation Analysis
Guibin's remuneration is higher than average for companies of similar size in Hong Kong.
Guibin's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.
Management Age and Tenure
2.8yrs
Average Tenure
54yo
Average Age
The tenure for the Nexteer Automotive Group management team is about average.
Board Age and Tenure
1.9yrs
Average Tenure
53yo
Average Age
The average tenure for the Nexteer Automotive Group board of directors is less than 3 years, this suggests a new board.
Insider Trading
No 3 month individual insider trading information.
Ownership Breakdown
Management Team
Lynn Pavlawk
Executive Director of Global Marketing
Guibin Zhao (55yo)
Vice Chairman & CEO
- Tenure: 7.1yrs
- Compensation: $1.50m
Yi Fan (53yo)
VP, Joint Company Secretary & Executive Director
- Tenure: 6.5yrs
- Compensation: $584.00k
Cameron Wang
Investor Relations Director
Tao Liu (54yo)
Senior VP & Global COO
- Tenure: 2.8yrs
Peter Ziparo (49yo)
VP & General Counsel
- Tenure: 2.6yrs
William Quigley (57yo)
Senior VP & CFO
- Tenure: 3.1yrs
Ot Benson (44yo)
Vice President of Global Sales & Marketing
- Tenure: 0.5yrs
Robin Milavec
Senior VP
- Tenure: 0.5yrs
Mike Richardson (63yo)
President & Executive Director
- Tenure: 2.8yrs
- Compensation: $1.27m
Board Members
Jianxun Zhang (39yo)
Non-Executive Director
- Tenure: 1.3yrs
- Compensation: $30.00k
Guibin Zhao (55yo)
Vice Chairman & CEO
- Tenure: 0.1yrs
- Compensation: $1.50m
Jianjun Liu (51yo)
Independent Non-Executive Director
- Tenure: 6.1yrs
- Compensation: $53.00k
Yi Fan (53yo)
VP, Joint Company Secretary & Executive Director
- Tenure: 6.9yrs
- Compensation: $584.00k
Simon Yick (61yo)
Independent Non-Executive Director
- Tenure: 1.9yrs
- Compensation: $65.00k
Ping Liu (51yo)
Non-Executive Director
- Tenure: 0.1yrs
Jian Wang (57yo)
Non-Executive Chairman
- Tenure: 0.1yrs
Kevin Wei (51yo)
Independent Non-Executive Director
- Tenure: 6.1yrs
- Compensation: $65.00k
Mike Richardson (63yo)
President & Executive Director
- Tenure: 6.1yrs
- Compensation: $1.27m
Company Information
Nexteer Automotive Group Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Nexteer Automotive Group Limited
- Ticker: 1316
- Exchange: SEHK
- Founded: 1906
- Industry: auto parts and equipment
- Sector: automobiles
- Market Cap: HK$21.715b
- Shares outstanding: 2.51b
- Website: Click here
Number of Employees
Location
- Nexteer Automotive Group Limited
- 1272 Doris Road
- Auburn Hills
- Michigan
- 48326
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 1316 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Oct 2013 |
| NTXV.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Oct 2013 |
| 1316 | SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect) | Yes | Ordinary Shares | HK | HKD | Oct 2013 |
| 1316 | SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect) | Yes | Ordinary Shares | HK | HKD | Oct 2013 |
Biography
Nexteer Automotive Group Limited, an investment holding company, designs, develops, manufactures, and distributes steering and driveline systems and components for automobile manufacturers and other automo ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/07/18 13:05 |
| End of Day Share Price | 2019/07/18 00:00 |
| Earnings | 2018/12/31 |
| Annual Earnings | 2018/12/31 |
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.