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Market Cap

HK$1.3b

Last Updated

2021/04/13 10:08 UTC

Data Sources

Company Financials

Executive Summary

APAC Resources Limited, an investment holding company, engages in commodity trading and natural resource investment businesses in the People’s Republic of China. More Details


Snowflake Analysis

Flawless balance sheet and fair value.


Similar Companies

Share Price & News

How has APAC Resources's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 1104 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: 1104's weekly volatility (9%) has been stable over the past year.


Market Performance


7 Day Return

-11.5%

1104

0.1%

HK Trade Distributors

-2.5%

HK Market


1 Year Return

25.6%

1104

25.0%

HK Trade Distributors

26.4%

HK Market

Return vs Industry: 1104 exceeded the Hong Kong Trade Distributors industry which returned 24.3% over the past year.

Return vs Market: 1104 underperformed the Hong Kong Market which returned 29.5% over the past year.


Shareholder returns

1104IndustryMarket
7 Day-11.5%0.1%-2.5%
30 Day-21.7%1.3%-1.8%
90 Day20.0%5.2%0.5%
1 Year39.2%25.6%29.2%25.0%31.2%26.4%
3 Year13.1%-14.3%-47.1%-49.5%6.0%-5.2%
5 Year62.1%21.3%-51.4%-49.8%47.3%22.5%

Long-Term Price Volatility Vs. Market

How volatile is APAC Resources's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is APAC Resources undervalued compared to its fair value and its price relative to the market?

1.88x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 1104 (HK$1.08) is trading above our estimate of fair value (HK$1.04)

Significantly Below Fair Value: 1104 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 1104 is good value based on its PE Ratio (1.9x) compared to the HK Trade Distributors industry average (12.8x).

PE vs Market: 1104 is good value based on its PE Ratio (1.9x) compared to the Hong Kong market (11.6x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 1104's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 1104 is good value based on its PB Ratio (0.3x) compared to the HK Trade Distributors industry average (0.5x).


Future Growth

How is APAC Resources forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

20.2%

Forecasted Capital Goods industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as APAC Resources has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has APAC Resources performed over the past 5 years?

7.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1104 has a high level of non-cash earnings.

Growing Profit Margin: 1104's current net profit margins are lower than last year .


Past Earnings Growth Analysis

Earnings Trend: 1104 has become profitable over the past 5 years, growing earnings by 7.9% per year.

Accelerating Growth: 1104's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 1104 had negative earnings growth (-15.9%) over the past year, making it difficult to compare to the Trade Distributors industry average (5.5%).


Return on Equity

High ROE: 1104's Return on Equity (15%) is considered low.


Financial Health

How is APAC Resources's financial position?


Financial Position Analysis

Short Term Liabilities: 1104's short term assets (HK$2.0B) exceed its short term liabilities (HK$61.0M).

Long Term Liabilities: 1104's short term assets (HK$2.0B) exceed its long term liabilities (HK$297.0K).


Debt to Equity History and Analysis

Debt Level: 1104 is debt free.

Reducing Debt: 1104 had no debt 5 years ago.

Debt Coverage: 1104 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 1104 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is APAC Resources's current dividend yield, its reliability and sustainability?

9.26%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 1104's dividend (9.26%) is higher than the bottom 25% of dividend payers in the Hong Kong market (1.97%).

High Dividend: 1104's dividend (9.26%) is in the top 25% of dividend payers in the Hong Kong market (6.01%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, 1104 has been paying a dividend for less than 10 years.

Growing Dividend: 1104's dividend payments have increased, but the company has only paid a dividend for 4 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (17.4%), 1104's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

9.2yrs

Average management tenure


CEO

Andrew Ferguson (47 yo)

11.25yrs

Tenure

HK$4,787,000

Compensation

Mr. Andrew Charles Ferguson, BSc Hons, has been the Chief Executive Officer and Executive Director of APAC Resources Limited since January 12, 2010. He has many years of experience in the finance industry ...


CEO Compensation Analysis

Compensation vs Market: Andrew's total compensation ($USD615.83K) is above average for companies of similar size in the Hong Kong market ($USD298.35K).

Compensation vs Earnings: Andrew's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: 1104's management team is seasoned and experienced (9.2 years average tenure).


Board Members

Experienced Board: 1104's board of directors are considered experienced (5.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

APAC Resources Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: APAC Resources Limited
  • Ticker: 1104
  • Exchange: SEHK
  • Founded: NaN
  • Industry: Trading Companies and Distributors
  • Sector: Capital Goods
  • Market Cap: HK$1.341b
  • Shares outstanding: 1.22b
  • Website: https://www.apacresources.com

Number of Employees


Location

  • APAC Resources Limited
  • Allied Kajima Building
  • Room 2304, 23rd Floor
  • Wan Chai
  • Hong Kong

Listings


Biography

APAC Resources Limited, an investment holding company, engages in commodity trading and natural resource investment businesses in the People’s Republic of China. It operates through Commodity Business; Res...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/13 10:08
End of Day Share Price2021/04/13 00:00
Earnings2020/12/31
Annual Earnings2020/06/30


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.