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Wecon Holdings

SEHK:1793
Snowflake Description

Undervalued with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1793
SEHK
HK$216M
Market Cap
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Last updated 2019/07/17 13:06
Company description

Wecon Holdings Limited, an investment holding company, operates as a construction contractor in Hong Kong. The last earnings update was 21 days ago. More info.

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  • Wecon Holdings has significant price volatility in the past 3 months.
1793 Share Price and Events
7 Day Returns
0%
SEHK:1793
1%
HK Construction
1.5%
HK Market
1 Year Returns
-
SEHK:1793
-10.9%
HK Construction
-4.7%
HK Market
1793 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Wecon Holdings (1793) 0% 0% -36.5% - - -
HK Construction 1% -4.3% -13.7% -10.9% -21.2% -2%
HK Market 1.5% 3.9% -8.2% -4.7% 18.3% 3.4%
1 Year Return vs Industry and Market
  • No trading data on 1793.
  • No trading data on 1793.
Price Volatility
Industry
5yr Volatility vs Market

Value

 Is Wecon 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 Wecon 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 Wecon Holdings.

SEHK:1793 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 9%
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.

Calculation of Discount Rate/ Cost of Equity for SEHK:1793
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))
= 1.042 (1 + (1- 25%) (5.12%)) 		1.055
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)		 1.06
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.055 * 6.65%) 		9.02%

Discounted Cash Flow Calculation for SEHK:1793 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Wecon 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.

SEHK:1793 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 9.02%)
2020 76.71 Est @ 7.34% 70.36
2021 81.11 Est @ 5.74% 68.24
2022 84.85 Est @ 4.62% 65.49
2023 88.11 Est @ 3.83% 62.37
2024 91.00 Est @ 3.28% 59.09
2025 93.64 Est @ 2.9% 55.77
2026 96.10 Est @ 2.63% 52.50
2027 98.45 Est @ 2.44% 49.33
2028 100.72 Est @ 2.31% 46.30
2029 102.96 Est @ 2.22% 43.41
Present value of next 10 years cash flows HK$572.87
SEHK:1793 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= HK$102.96 × (1 + 2%) ÷ (9.02% – 2%) 		HK$1,496.60
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$1,496.60 ÷ (1 + 9.02%)10 		HK$631.01
SEHK:1793 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$572.87 + HK$631.01 		HK$1,203.87
Equity Value per Share
(HKD)		 = Total value / Shares Outstanding
= HK$1,203.87 / 800.00 		HK$1.5
SEHK:1793 Discount to Share Price
Calculation Result
Value per share (HKD) From above. HK$1.50
Current discount Discount to share price of HK$0.27
= -1 x (HK$0.27 - HK$1.50) / HK$1.50 		82.1%

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

Current Discount
Amount off the current price Wecon Holdings is available for.
Intrinsic value
>50%
Share price is HK$0.27 vs Future cash flow value of HK$1.5
Current Discount Checks
For Wecon Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Wecon Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Wecon 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 Wecon Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Wecon Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:1793 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in HKD HK$0.06
SEHK:1793 Share Price ** SEHK (2019-07-17) in HKD HK$0.27
Hong Kong Construction Industry PE Ratio Median Figure of 105 Publicly-Listed Construction Companies 10.15x
Hong Kong Market PE Ratio Median Figure of 1,510 Publicly-Listed Companies 10.75x

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

** Primary Listing of Wecon Holdings.

SEHK:1793 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1793 Share Price ÷ EPS (both in HKD)

= 0.27 ÷ 0.06

 4.48x

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

  • Wecon Holdings is good value based on earnings compared to the HK Construction industry average.
  • Wecon Holdings is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Wecon Holdings's expected growth come at a high price?
Raw Data
SEHK:1793 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.48x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts		 1.3%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 479 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 Wecon Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Wecon Holdings's assets?
Raw Data
SEHK:1793 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in HKD HK$0.30
SEHK:1793 Share Price * SEHK (2019-07-17) in HKD HK$0.27
Hong Kong Construction Industry PB Ratio Median Figure of 136 Publicly-Listed Construction Companies 1.4x
Hong Kong Market PB Ratio Median Figure of 2,197 Publicly-Listed Companies 0.92x
SEHK:1793 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1793 Share Price ÷ Book Value per Share (both in HKD)

= 0.27 ÷ 0.30

 0.9x

* Primary Listing of Wecon Holdings.

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

  • Wecon Holdings is good value based on assets compared to the HK Construction industry average.
Show me more potentially undervalued companies in the Construction industry
X
Value checks
We assess Wecon 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 Construction 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 Construction industry average (and greater than 0)? (1 check)
    5. Wecon 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

 How is Wecon Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Wecon 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
1.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Wecon Holdings expected to grow at an attractive rate?
  • Wecon Holdings's earnings growth is positive but not above the low risk savings rate of 2%.
Growth vs Market Checks
  • Wecon Holdings's earnings growth is expected to exceed the Hong Kong market average.
  • Unable to compare Wecon Holdings's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:1793 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:1793 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 1.3%
Hong Kong Construction Industry Earnings Growth Rate Market Cap Weighted Average 7.1%
Hong Kong Construction Industry Revenue Growth Rate Market Cap Weighted Average 9.6%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average -7.3%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.3%

*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
SEHK:1793 Analysts Growth Expectations Data Sources
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 numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:1793 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2019-03-31 981 37
2018-03-31 981 73 41
2017-03-31 722 -4 32

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Wecon Holdings's earnings are expected to grow by 1.3% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Wecon 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
SEHK:1793 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 Wecon Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1793 Past Financials Data
Date (Data in HKD Millions) EPS *
2019-03-31 0.06
2018-03-31 0.07
2017-03-31

*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 Wecon Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Wecon 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 Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong 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.
Wecon 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 Wecon 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 Wecon Holdings's growth in the last year to its industry (Construction).
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.
  • Insufficient data to establish if Wecon Holdings's year on year earnings growth rate was positive over the past 5 years.
  • Wecon Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Wecon Holdings's 1-year earnings growth is negative, it can't be compared to the HK Construction industry average.
Earnings and Revenue History
Wecon 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 Wecon Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1793 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 980.59 37.23 47.37
2018-03-31 980.83 41.41 32.28
2017-03-31 722.08 31.82 24.63
2016-03-31 422.32 20.21 23.47

*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.
  • Wecon Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Wecon Holdings used its assets more efficiently than the HK Construction industry average last year based on Return on Assets.
  • Wecon Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Wecon 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 Construction 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.
Wecon Holdings has a total score of 1/6, 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 Wecon 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 Wecon Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Wecon Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Wecon Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Wecon 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 44.4x 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 Wecon Holdings Company Filings, last reported 3 months ago.

SEHK:1793 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 238.68 10.00 174.31
2018-03-31 140.28 8.50 60.40
2017-03-31 98.87 95.20 63.70
2016-03-31 67.06 85.57 47.54
  • Wecon Holdings's level of debt (4.6%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Wecon Holdings's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (658.1%, greater than 20% of total debt).
  • Wecon Holdings earns more interest than it pays, coverage of interest payments is not a concern.
Show me more healthy companies in the Construction industry
X
Financial health checks
We assess Wecon 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. Wecon Holdings has a total score of 5/6, 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 Wecon 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
5.19%
Current annual income from Wecon Holdings dividends.
If you bought HK$2,000 of Wecon Holdings shares you are expected to receive HK$104 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?
  • Wecon Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.08%).
  • Wecon Holdings's dividend is below the markets top 25% of dividend payers in Hong Kong (5.75%).
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
SEHK:1793 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
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 5.7%

Industry and Market average data is calculated daily.

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

SEHK:1793 Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2019-06-26 0.014 5.077

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

  • It is too early to tell whether Wecon Holdings has stable dividend payments.
  • Wecon Holdings only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of Wecon Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.3x 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 Wecon Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - 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 Wecon Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
    7. Wecon Holdings 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 Wecon 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.
  • Wecon Holdings has no CEO, or we have no data on them.
Management Team
Board of Directors
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
X
Management checks
We assess Wecon 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. Wecon 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

A Holistic Look At Wecon Holdings Limited (HKG:1793)

1793 is a company that has been able to sustain great financial health, trading at an attractive share price. … Undervalued with excellent balance sheet 1793's strong financial health means that all of its upcoming liability payments are able to be met by its current cash and short-term investment holdings. … Also, relative to the rest of its peers with similar levels of earnings, 1793's share price is trading below the group's average.

Simply Wall St - –

Wecon Holdings Limited (HKG:1793) Earns Among The Best Returns In Its Industry

The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Wecon Holdings: 0.32 = HK$45m ÷ (HK$338m - HK$197m) (Based on the trailing twelve months to March 2018.) Therefore, Wecon Holdings has an ROCE of 32%. … Due to the way ROCE is calculated, a high level of current liabilities makes a company look as though it has less capital employed, and thus can (sometimes unfairly) boost the ROCE. … Wecon Holdings's high level of current liabilities boost the ROCE - but its ROCE is still impressive.

Simply Wall St - –

Company Info

Description

Wecon Holdings Limited, an investment holding company, operates as a construction contractor in Hong Kong. It undertakes building construction projects for industry, residence, commence, educational institution, and hospital; provides building maintenance and improvement works to public housings; and offers renovation works, including alteration and addition, and fitting out works. The company was founded in 1974 and is headquartered in Central, Hong Kong.

Details
Name: Wecon Holdings Limited
1793
Exchange: SEHK
Founded: 1974
HK$216,000,000
800,000,000
Website: http://www.wecon.com.hk
Address: Wecon Holdings Limited
Tung Hip Commercial Building,
18th Floor,
Central,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1793 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 27. Feb 2019
Number of employees
Current staff
Staff numbers
181
Wecon Holdings employees.
Industry
Construction and Engineering
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/17 13:06
End of day share price update: 2019/07/17 00:00
Last earnings filing: 2019/06/26
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.

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