Able Engineering Holdings
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Able Engineering Holdings Limited, an investment holding company, operates in the construction industry in Hong Kong. The last earnings update was 28 days ago. More info.
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1627 Share Price and Events
7 Day Returns
1 Year Returns
1627 Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Able Engineering Holdings (1627) | 2.1% | 0% | 2.1% | -18.3% | - | - |
| HK Construction | 0.1% | -7.5% | -13% | -13.6% | -22% | -5.7% |
| HK Market | -0.7% | -0.9% | -8.1% | -5.7% | 16.3% | -0.3% |
1 Year Return vs Industry and Market
- 1627 underperformed the Construction industry which returned -13.6% over the past year.
- 1627 underperformed the Market in Hong Kong which returned -5.7% over the past year.
Value
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
Able Engineering 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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Able Engineering Holdings.
| 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 | 8.8% |
| Perpetual Growth Rate | 10-Year HK Government Bond Rate | 2% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year HK Govt Bond Rate | 2% |
| Equity Risk Premium | S&P Global | 6.7% |
| Construction Unlevered Beta | Simply Wall St/ S&P Global | 1.04 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.037 (1 + (1- 25%) (0.04%)) |
1.025 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.03 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.025 * 6.65%) |
8.82% |
Discounted Cash Flow Calculation for SEHK:1627 using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Able Engineering 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.
| Levered FCF (HKD, Millions) | Source |
Present Value Discounted (@ 8.82%) |
|
|---|---|---|---|
| 2020 | 357.01 | Est @ 7.35% | 328.07 |
| 2021 | 377.52 | Est @ 5.74% | 318.80 |
| 2022 | 394.96 | Est @ 4.62% | 306.50 |
| 2023 | 410.12 | Est @ 3.84% | 292.46 |
| 2024 | 423.59 | Est @ 3.29% | 277.58 |
| 2025 | 435.88 | Est @ 2.9% | 262.48 |
| 2026 | 447.35 | Est @ 2.63% | 247.56 |
| 2027 | 458.28 | Est @ 2.44% | 233.05 |
| 2028 | 468.88 | Est @ 2.31% | 219.11 |
| 2029 | 479.28 | Est @ 2.22% | 205.81 |
| Present value of next 10 years cash flows | HK$2,691.41 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2029
× (1 + g) ÷ (Discount Rate – g)
= HK$479.28 × (1 + 2%) ÷ (8.82% – 2%) |
HK$7,170.78 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= HK$7,170.78 ÷ (1 + 8.82%)10 |
HK$3,079.31 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= HK$2,691.41 + HK$3,079.31 |
HK$5,770.72 |
| Equity Value per Share (HKD) |
= Total value / Shares Outstanding
= HK$5,770.72 / 2,000.00 |
HK$2.89 |
| Calculation | Result | |
|---|---|---|
| Value per share (HKD) | From above. | HK$2.89 |
| Current discount | Discount to share price of
HK$0.49
= -1 x (HK$0.49 - HK$2.89) / HK$2.89 |
83% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Able Engineering Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Able Engineering Holdings's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Able Engineering Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Able Engineering Holdings's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in HKD | HK$0.07 |
| SEHK:1627 Share Price ** | SEHK (2019-07-23) in HKD | HK$0.49 |
| Hong Kong Construction Industry PE Ratio | Median Figure of 105 Publicly-Listed Construction Companies | 10.2x |
| Hong Kong Market PE Ratio | Median Figure of 1,512 Publicly-Listed Companies | 10.66x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Able Engineering Holdings.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = SEHK:1627 Share Price ÷ EPS (both in HKD) = 0.49 ÷ 0.07 |
6.93x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Able Engineering Holdings is good value based on earnings compared to the HK Construction industry average.
- Able Engineering Holdings is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does
Able Engineering Holdings's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 6.93x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts |
2.5%per year |
| Hong Kong Construction Industry PEG Ratio | Median Figure of 10 Publicly-Listed Construction Companies | 0.56x |
| Hong Kong Market PEG Ratio | Median Figure of 481 Publicly-Listed Companies | 0.8x |
*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 Able Engineering Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Able Engineering Holdings's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in HKD | HK$0.66 |
| SEHK:1627 Share Price * | SEHK (2019-07-23) in HKD | HK$0.49 |
| Hong Kong Construction Industry PB Ratio | Median Figure of 136 Publicly-Listed Construction Companies | 1.38x |
| Hong Kong Market PB Ratio | Median Figure of 2,198 Publicly-Listed Companies | 0.92x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = SEHK:1627 Share Price ÷ Book Value per Share (both in HKD) = 0.49 ÷ 0.66 |
0.75x |
* Primary Listing of Able Engineering Holdings.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Able Engineering Holdings is good value based on assets compared to the HK Construction industry average.
Value checks
We assess Able Engineering Holdings's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Construction industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Construction industry average (and greater than 0)? (1 check) Able Engineering Holdings has a total score of 5/6, 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
- No analysts cover Able Engineering 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!
Earnings growth vs Low Risk Savings
- Able Engineering Holdings's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
- Able Engineering Holdings's earnings growth is positive but not above the Hong Kong market average.
- Unable to compare Able Engineering Holdings's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| SEHK:1627 Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts | 2.5% |
| Hong Kong Construction Industry Earnings Growth Rate | Market Cap Weighted Average | 11.8% |
| Hong Kong Construction Industry Revenue Growth Rate | Market Cap Weighted Average | 9.6% |
| Hong Kong Market Earnings Growth Rate | Market Cap Weighted Average | 11.4% |
| Hong Kong Market Revenue Growth Rate | Market Cap Weighted Average | 10.6% |
*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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| Date (Data in HKD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 2,385 | 141 | |
| 2018-12-31 | 2,585 | 154 | |
| 2018-09-30 | 2,784 | 500 | 167 |
| 2018-06-30 | 2,948 | 559 | 171 |
| 2018-03-31 | 3,112 | 618 | 175 |
| 2017-12-31 | 3,032 | 473 | 160 |
| 2017-09-30 | 2,952 | 327 | 145 |
| 2017-06-30 | 2,635 | 19 | 123 |
| 2017-03-31 | 2,318 | -288 | 101 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
All data from Able Engineering Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in HKD Millions) | EPS * |
|---|---|
| 2019-03-31 | 0.07 |
| 2018-12-31 | 0.08 |
| 2018-09-30 | 0.08 |
| 2018-06-30 | 0.09 |
| 2018-03-31 | 0.09 |
| 2017-12-31 | 0.08 |
| 2017-09-30 | 0.08 |
| 2017-06-30 | 0.07 |
| 2017-03-31 | 0.07 |
*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 Able Engineering Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess Able Engineering Holdings's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Able Engineering Holdings has a total score of 1/6, 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 Able Engineering 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
Past Earnings growth analysis
- Able Engineering Holdings's year on year earnings growth rate has been positive over the past 5 years.
- Able Engineering Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Able Engineering Holdings's 1-year earnings growth is negative, it can't be compared to the HK Construction industry average.
Earnings and Revenue History
All data from Able Engineering Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in HKD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 2,385.42 | 141.43 | 80.79 | |
| 2018-12-31 | 2,584.93 | 154.30 | 77.08 | |
| 2018-09-30 | 2,784.44 | 167.16 | 73.38 | |
| 2018-06-30 | 2,948.35 | 171.07 | 59.18 | |
| 2018-03-31 | 3,112.26 | 174.97 | 44.99 | |
| 2017-12-31 | 3,032.05 | 160.13 | 51.88 | |
| 2017-09-30 | 2,951.83 | 145.28 | 58.78 | |
| 2017-06-30 | 2,635.07 | 123.38 | 76.46 | |
| 2017-03-31 | 2,318.32 | 101.49 | 94.13 | |
| 2016-03-31 | 2,502.92 | 201.89 | 58.08 | |
| 2015-03-31 | 2,117.35 | 68.69 | 45.13 | |
| 2014-03-31 | 2,703.90 | 58.31 | 44.96 |
*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.
- Able Engineering Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Able Engineering Holdings used its assets more efficiently than the HK Construction industry average last year based on Return on Assets.
- Able Engineering Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Able Engineering Holdings's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Construction industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Able Engineering 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 Able Engineering 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 Able Engineering Holdings's finances.
The net worth of a company is the difference between its assets and liabilities.
- Able Engineering Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Able Engineering Holdings has no long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 3317.2x 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.
All data from Able Engineering Holdings Company Filings, last reported 3 months ago.
| Date (Data in HKD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 1,312.63 | 0.38 | 896.84 |
| 2018-12-31 | 1,312.63 | 0.38 | 896.84 |
| 2018-09-30 | 1,249.33 | 7.31 | 809.50 |
| 2018-06-30 | 1,249.33 | 7.31 | 809.50 |
| 2018-03-31 | 1,177.14 | 7.31 | 1,185.50 |
| 2017-12-31 | 1,177.14 | 7.31 | 1,185.50 |
| 2017-09-30 | 1,088.23 | 7.31 | 1,121.57 |
| 2017-06-30 | 1,088.23 | 7.31 | 1,121.57 |
| 2017-03-31 | 1,002.17 | 58.08 | 736.04 |
| 2016-03-31 | 962.15 | 58.66 | 1,088.89 |
| 2015-03-31 | 760.26 | 221.05 | 416.64 |
| 2014-03-31 | 691.58 | 203.54 | 237.23 |
- Able Engineering Holdings's level of debt (0%) 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 (29.4% vs 0% today).
- Debt is well covered by operating cash flow (132528.6%, greater than 20% of total debt).
- Able Engineering Holdings earns more interest than it pays, coverage of interest payments is not a concern.
Financial health checks
We assess Able Engineering Holdings's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Able Engineering Holdings has a total score of 6/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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 Able Engineering 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
If you bought
HK$2,000 of
Able Engineering Holdings
shares you are expected to receive
HK$163
in your first year as a dividend.
Dividend Amount
- Able Engineering Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.08%).
- Able Engineering Holdings's dividend is above the markets top 25% of dividend payers in Hong Kong (5.76%).
Upcoming dividend payment
Purchase Able Engineering Holdings before the 'Buy Limit' to receive their next dividend payment.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| Hong Kong Construction Industry Average Dividend Yield | Market Cap Weighted Average of 43 Stocks | 3.9% |
| Hong Kong Market Average Dividend Yield | Market Cap Weighted Average of 978 Stocks | 3.6% |
| Hong Kong Minimum Threshold Dividend Yield | 10th Percentile | 1.2% |
| Hong Kong Bottom 25% Dividend Yield | 25th Percentile | 2.1% |
| Hong Kong Top 25% Dividend Yield | 75th Percentile | 5.8% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in HK$) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-06-25 | 0.040 | 8.139 |
| 2018-08-31 | 0.050 | 10.154 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- It is too early to tell whether Able Engineering Holdings has stable dividend payments.
- Able Engineering Holdings only just started paying a dividend, it is too early to tell if payments are increasing.
Income/ dividend checks
We assess Able Engineering Holdings's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Able Engineering Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Able Engineering 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
CEO
| COMPENSATION | HK$2,968,000 |
| AGE | 39 |
| TENURE AS CEO | 2.8 years |
CEO Bio
Mr. Yik Nam Ip, also known as Rex, has been Chief Executive Officer and Executive Director of Able Engineering Holdings Limited since September 6, 2016. Mr. Ip is primarily responsible for the business development, legal and compliance, corporate governance as well as corporate development functions of the contract works business. He has acquired over 12 years of management experience through assuming various management roles in companies in the USA and Hong Kong. From May 2004 to March 2007, he served as the General Manager of an architectural metal and curtain wall solution provider in the United States and thereafter, he served as the sales and marketing manager of a title abstract and insurance company in the United States. From December 2008 to April 2016, Mr. Ip served as the Managing Director of an architectural metal company in the United States and Hong Kong. Mr. Ip has been a Director of Able Engineering Company Limited at Vantage International (Holdings) Limited since April 25, 2016. He serves as a Director of Able Contracting and Able Maintenance. He graduated from the Hong Kong Baptist University with a Bachelor of Business Administration specialising in Human Resources Management in December 2002. He further obtained a Master of Business Administration Degree from the Long Island University, the United States of America in May 2004 and a Bachelor of Laws Degree from the University of London in August 2011, respectively.
CEO Compensation
- Rex's compensation has increased by more than 20% in the past year whilst earnings fell less than 20%.
- Rex's remuneration is higher than average for companies of similar size in Hong Kong.
Management Team
Raymond Ngai
Chairman
HK$13M
56
Rex Ip
CEO & Executive Director
HK$3M
39
2.8 yrs
Kwok Yau
Executive Director
HK$3M
53
Sunny Yam
Executive Director
HK$2M
60
Daniel Lau
Executive Director
HK$3M
50
Dennis Cheung
Executive Director
HK$2M
47
Desmond Wong
Financial Controller & Company Secretary
0.3 yrs
Board of Directors Tenure
Average tenure and age of the Able Engineering Holdings board of directors in years:
- The average tenure for the Able Engineering Holdings board of directors is less than 3 years, this suggests a new board.
Board of Directors
Raymond Ngai
Chairman
HK$13M
56
2.8 yrs
Rex Ip
CEO & Executive Director
HK$3M
39
2.8 yrs
Kwok Yau
Executive Director
HK$3M
53
3 yrs
Sunny Yam
Executive Director
HK$2M
60
2.8 yrs
Daniel Lau
Executive Director
HK$3M
50
2.8 yrs
Dennis Cheung
Executive Director
HK$2M
47
2.8 yrs
Yok Li
Independent Non-Executive Director
HK$144K
65
2.5 yrs
Maisy Leung
Independent Non-Executive Director
HK$144K
47
2.5 yrs
Suk Hing Mak
Independent Non-Executive Director
HK$144K
66
2.5 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (HK$) | Value (HK$) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Able Engineering Holdings's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Able Engineering 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
Investors Who Bought Able Engineering Holdings (HKG:1627) Shares A Year Ago Are Now Down 18%
That downside risk was realized by Able Engineering Holdings Limited (HKG:1627) shareholders over the last year, as the share price declined 18%. … There will continue to be wide discrepancies between price and value in the marketplace...' One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … We note that for Able Engineering Holdings the TSR over the last year was -9.9%, which is better than the share price return mentioned above.
Simply Wall St - – Full articleThese 4 Measures Indicate That Able Engineering Holdings (HKG:1627) Is Using Debt Reasonably Well
We note that Able Engineering Holdings Limited (HKG:1627) does have debt on its balance sheet. … SEHK:1627 Historical Debt, July 3rd 2019 How Strong Is Able Engineering Holdings's Balance Sheet? … Able Engineering Holdings may have net cash on the balance sheet, but it is still interesting to look at how well the business converts its earnings before interest and tax (EBIT) to free cash flow, because that will influence both its need for, and its capacity to manage debt.
Simply Wall St - – Full articleA Spotlight On Able Engineering Holdings Limited's (HKG:1627) Fundamentals
In the case of Able Engineering Holdings Limited (HKG:1627), it. … is a company that has been able to sustain great financial health, trading at an attractive share price. … report on Able Engineering Holdings here
Simply Wall St - – Full articleDoes Able Engineering Holdings Limited’s (HKG:1627) ROCE Reflect Well On The Business?
To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Understanding Return On Capital Employed (ROCE). … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.
Simply Wall St - – Full articleHow Does Able Engineering Holdings Limited (HKG:1627) Fare As A Dividend Stock?
Recently, Able Engineering Holdings Limited (HKG:1627) has started paying dividends to shareholders. … Let's take a look at Able Engineering Holdings in more detail. … See our latest analysis for Able Engineering Holdings
Simply Wall St - – Full articleCan Able Engineering Holdings Limited's (HKG:1627) ROE Continue To Surpass The Industry Average?
Our data shows Able Engineering Holdings has a return on equity of 15% for the last year. … One way to conceptualize this, is that for each HK$1 of shareholders' equity it has, the company made HK$0.15 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleDoes Able Engineering Holdings Limited's (HKG:1627) PE Ratio Warrant A Buy?
Able Engineering Holdings Limited (HKG:1627) is trading with a trailing P/E of 6.9, which is lower than the industry average of 13.7. … While 1627 might seem like an attractive stock to buy, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions. … See our latest analysis for Able Engineering Holdings
Simply Wall St - – Full articleUnderstanding Your Return On Investment In Able Engineering Holdings Limited (HKG:1627)
Purchasing Able Engineering Holdings gives you an ownership stake in the company. … This share represents a portion of capital used by the company to operate the business, and it is important the company is able to use the capital base efficiently to create adequate cash flows for you as an investor. … To understand Able Engineering Holdings’s capital returns we will look at a useful metric called return on capital employed.
Simply Wall St - – Full articleShould You Buy Able Engineering Holdings Limited (HKG:1627) For Its Dividend?
Able Engineering Holdings Limited (HKG:1627) has returned an average dividend yield of 8.00% annually to shareholders. … Let's dig deeper into whether Able Engineering Holdings should have a place in your portfolio. … Check out our latest analysis for Able Engineering Holdings
Simply Wall St - – Full articleDoes Able Engineering Holdings Limited's (HKG:1627) 72.41% Earnings Growth Make It An Outperformer?
Investors may find my commentary, albeit very high-level and brief, on Able Engineering Holdings Limited (HKG:1627) useful as an attempt to give more color around how Able Engineering Holdings is currently performing. … View out our latest analysis for Able Engineering Holdings? … Did 1627's recent earnings growth beat the long-term trend and the industry.
Simply Wall St - – Full articleCompany Info
Description
Able Engineering Holdings Limited, an investment holding company, operates in the construction industry in Hong Kong. It is involved in the construction of private and public housing, institutional and private buildings, etc.; fitting out and interior works; and provision of design and building services. The company also engages in the repair, building maintenance, alteration, and addition works. It serves public and private sectors, including government departments and developers. The company was founded in 1976 and is headquartered in Kowloon, Hong Kong. Able Engineering Holdings Limited is a subsidiary of Profit Chain Investments Limited.
Details
| Name: | Able Engineering Holdings Limited |
| 1627 | |
| Exchange: | SEHK |
| Founded: | 1976 |
| HK$980,000,000 | |
| 2,000,000,000 | |
| Website: | http://www.ableeng.com.hk |
| Address: |
Able Engineering Holdings Limited No. 155 Waterloo Road, Kowloon Tong, Kowloon, Hong Kong |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| SEHK | 1627 | Ordinary Shares | The Stock Exchange of Hong Kong Ltd. | HK | HKD | 20. Feb 2017 |
Number of employees
Current staff
Industry
| Construction and Engineering | |
| Capital Goods |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/07/23 13:01 |
| End of day share price update: | 2019/07/23 00:00 |
| Last earnings filing: | 2019/06/25 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2019/03/31 |
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.
