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Huayu Expressway Group

SEHK:1823
Snowflake Description

Undervalued with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1823
SEHK
HK$318M
Market Cap
  1. Home
  2. HK
  3. Capital Goods
Company description

Huayu Expressway Group Limited, an investment holding company, invests in, builds, operates, and manages infrastructure projects in the People’s Republic of China. The last earnings update was 104 days ago. More info.


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1823 Share Price and Events
7 Day Returns
5.5%
SEHK:1823
-1.4%
HK Construction
0.6%
HK Market
1 Year Returns
8.5%
SEHK:1823
-12.3%
HK Construction
-5.9%
HK Market
1823 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Huayu Expressway Group (1823) 5.5% 10% 4.1% 8.5% 6.9% 48.1%
HK Construction -1.4% -5.6% -14.7% -12.3% -23% -1.8%
HK Market 0.6% 3.7% -8.2% -5.9% 17.2% 4.8%
1 Year Return vs Industry and Market
  • 1823 outperformed the Construction industry which returned -12.3% over the past year.
  • 1823 outperformed the Market in Hong Kong which returned -5.9% over the past year.
Price Volatility
1823
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Huayu Expressway Group's competitors could be found in our database.

Value

 Is Huayu Expressway Group 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 Huayu Expressway Group 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 Huayu Expressway Group.

SEHK:1823 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 13.9%
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:1823
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6%
Construction Unlevered Beta Simply Wall St/ S&P Global 1.04
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.043 (1 + (1- 25%) (351.81%))
2.873
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (2 * 5.96%)
13.92%

Discounted Cash Flow Calculation for SEHK:1823 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Huayu Expressway Group 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:1823 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 13.92%)
2020 101.91 Est @ 10.54% 89.46
2021 110.05 Est @ 7.98% 84.79
2022 116.86 Est @ 6.19% 79.04
2023 122.62 Est @ 4.93% 72.80
2024 127.59 Est @ 4.05% 66.49
2025 131.98 Est @ 3.44% 60.37
2026 135.95 Est @ 3.01% 54.59
2027 139.63 Est @ 2.71% 49.21
2028 143.11 Est @ 2.5% 44.28
2029 146.47 Est @ 2.35% 39.78
Present value of next 10 years cash flows HK$640.81
SEHK:1823 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= HK$146.47 × (1 + 2%) ÷ (13.92% – 2%)
HK$1,253.41
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$1,253.41 ÷ (1 + 13.92%)10
HK$340.39
SEHK:1823 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$640.81 + HK$340.39
HK$981.20
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$981.20 / 412.61
HK$2.38
SEHK:1823 Discount to Share Price
Calculation Result
Value per share (HKD) From above. HK$2.38
Current discount Discount to share price of HK$0.77
= -1 x (HK$0.77 - HK$2.38) / HK$2.38
67.6%

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

Current Discount
Amount off the current price Huayu Expressway Group is available for.
Intrinsic value
>50%
Share price is HK$0.77 vs Future cash flow value of HK$2.38
Current Discount Checks
For Huayu Expressway Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Huayu Expressway Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Huayu Expressway Group'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 Huayu Expressway Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Huayu Expressway Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:1823 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in HKD HK$0.19
SEHK:1823 Share Price ** SEHK (2019-07-15) in HKD HK$0.77
Hong Kong Construction Industry PE Ratio Median Figure of 105 Publicly-Listed Construction Companies 9.77x
Hong Kong Market PE Ratio Median Figure of 1,503 Publicly-Listed Companies 10.71x

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

** Primary Listing of Huayu Expressway Group.

SEHK:1823 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1823 Share Price ÷ EPS (both in HKD)

= 0.77 ÷ 0.19

4.15x

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

  • Huayu Expressway Group is good value based on earnings compared to the HK Construction industry average.
  • Huayu Expressway Group is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Huayu Expressway Group's expected growth come at a high price?
Raw Data
SEHK:1823 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.15x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Hong Kong Construction Industry PEG Ratio Median Figure of 10 Publicly-Listed Construction Companies 0.55x
Hong Kong Market PEG Ratio Median Figure of 477 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 Huayu Expressway Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Huayu Expressway Group's assets?
Raw Data
SEHK:1823 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in HKD HK$0.99
SEHK:1823 Share Price * SEHK (2019-07-15) in HKD HK$0.77
Hong Kong Construction Industry PB Ratio Median Figure of 136 Publicly-Listed Construction Companies 1.39x
Hong Kong Market PB Ratio Median Figure of 2,190 Publicly-Listed Companies 0.92x
SEHK:1823 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1823 Share Price ÷ Book Value per Share (both in HKD)

= 0.77 ÷ 0.99

0.78x

* Primary Listing of Huayu Expressway Group.

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

  • Huayu Expressway Group is good value based on assets compared to the HK Construction industry average.
X
Value checks
We assess Huayu Expressway Group'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. Huayu Expressway Group 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 Huayu Expressway Group expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Huayu Expressway Group 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
6.4%
Expected Construction industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Huayu Expressway Group expected to grow at an attractive rate?
  • Unable to compare Huayu Expressway Group's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Huayu Expressway Group's earnings growth to the Hong Kong market average as no estimate data is available.
  • Unable to compare Huayu Expressway Group's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:1823 Future Growth Rates Data Sources
Data Point Source Value (per year)
Hong Kong Construction Industry Earnings Growth Rate Market Cap Weighted Average 6.4%
Hong Kong Construction Industry Revenue Growth Rate Market Cap Weighted Average 9.6%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.3%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.5%

*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:1823 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 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:1823 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-12-31 204 142 77
2018-09-30 201 157 54
2018-06-30 197 173 32
2018-03-31 182 147 24
2017-12-31 167 120 16
2017-09-30 150 105 6
2017-06-30 133 90 -3
2017-03-31 136 83 -7
2016-12-31 139 76 -10
2016-09-30 151 78 -99
2016-06-30 163 81 -187
2016-03-31 172 108 -184

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Huayu Expressway Group is high growth as no earnings estimate data is available.
  • Unable to determine if Huayu Expressway Group 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:1823 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Huayu Expressway Group Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1823 Past Financials Data
Date (Data in HKD Millions) EPS *
2018-12-31 0.19
2018-09-30 0.13
2018-06-30 0.08
2018-03-31 0.06
2017-12-31 0.04
2017-09-30 0.02
2017-06-30 -0.01
2017-03-31 -0.02
2016-12-31 -0.03
2016-09-30 -0.24
2016-06-30 -0.45
2016-03-31 -0.45

*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 Huayu Expressway Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Huayu Expressway Group is trading at Huayu Expressway Group'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Huayu Expressway Group's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Capital Goods companies here
  3. Huayu Expressway Group's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Huayu Expressway Group'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.
Huayu Expressway Group has a total score of 0/6, 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 Huayu Expressway Group 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 Huayu Expressway Group'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.
  • Huayu Expressway Group has delivered over 20% year on year earnings growth in the past 5 years.
  • Huayu Expressway Group's 1-year earnings growth exceeds its 5-year average (383.3% vs 25.9%)
  • Huayu Expressway Group's earnings growth has exceeded the HK Construction industry average in the past year (383.3% vs -13.1%).
Earnings and Revenue History
Huayu Expressway Group'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 Huayu Expressway Group Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1823 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 204.46 76.58 30.42
2018-09-30 200.72 54.25 27.41
2018-06-30 196.99 31.92 24.40
2018-03-31 181.96 23.88 23.93
2017-12-31 166.93 15.85 23.45
2017-09-30 150.14 6.45 24.63
2017-06-30 133.35 -2.95 25.81
2017-03-31 136.16 -6.72 26.44
2016-12-31 138.97 -10.48 27.06
2016-09-30 151.14 -98.81 26.19
2016-06-30 163.31 -187.14 25.32
2016-03-31 171.97 -183.92 24.72
2015-12-31 180.62 -180.71 24.12
2015-09-30 186.10 -87.25 24.19
2015-06-30 191.58 6.22 24.25
2015-03-31 187.95 1.93 25.15
2014-12-31 184.32 -2.35 26.05
2014-09-30 182.59 -0.99 27.11
2014-06-30 180.85 0.38 28.18
2014-03-31 174.30 3.37 28.24
2013-12-31 167.76 6.36 28.30
2013-09-30 170.49 -102.52 29.43
2013-06-30 173.21 -211.41 30.57
2013-03-31 156.06 -235.07 30.87
2012-12-31 138.91 -258.73 31.17
2012-09-30 540.38 -246.89 30.54

*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.
  • Huayu Expressway Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Huayu Expressway Group used its assets more efficiently than the HK Construction industry average last year based on Return on Assets.
  • Huayu Expressway Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Huayu Expressway Group'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.
Huayu Expressway Group has a total score of 4/6, 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 Huayu Expressway Group'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 Huayu Expressway Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Huayu Expressway Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Huayu Expressway Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Huayu Expressway Group'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 not covered by short term assets, assets are 0.4x 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 Huayu Expressway Group Company Filings, last reported 6 months ago.

SEHK:1823 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 492.70 1,117.73 43.32
2018-09-30 492.70 1,117.73 43.32
2018-06-30 54.38 1,217.04 43.48
2018-03-31 54.38 1,217.04 43.48
2017-12-31 34.29 1,264.89 30.52
2017-09-30 34.29 1,264.89 30.52
2017-06-30 15.63 1,252.71 59.79
2017-03-31 15.63 1,252.71 59.79
2016-12-31 8.46 1,246.77 10.81
2016-09-30 8.46 1,246.77 10.81
2016-06-30 18.78 1,324.18 7.41
2016-03-31 18.78 1,324.18 7.41
2015-12-31 24.60 1,389.84 9.12
2015-09-30 24.60 1,389.84 9.12
2015-06-30 243.29 1,428.00 15.20
2015-03-31 243.29 1,428.00 15.20
2014-12-31 240.15 1,443.40 14.13
2014-09-30 240.15 1,443.40 14.13
2014-06-30 233.44 1,434.24 14.16
2014-03-31 233.44 1,434.24 14.16
2013-12-31 242.59 1,440.66 21.14
2013-09-30 242.59 1,440.66 21.14
2013-06-30 230.91 1,432.84 17.86
2013-03-31 230.91 1,432.84 17.86
2012-12-31 226.00 1,404.95 21.81
2012-09-30 226.00 1,404.95 21.81
  • Huayu Expressway Group's level of debt (226.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (594.1% vs 226.9% today).
  • Debt is not well covered by operating cash flow (12.7%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.8x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Huayu Expressway Group'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. Huayu Expressway Group has a total score of 2/6, 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 Huayu Expressway Group'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
0%
Current annual income from Huayu Expressway Group dividends.
If you bought HK$2,000 of Huayu Expressway Group shares you are expected to receive HK$0 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?
  • Unable to evaluate Huayu Expressway Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Huayu Expressway Group's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:1823 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.

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

  • Unable to perform a dividend volatility check as Huayu Expressway Group has not reported any payouts.
  • Unable to verify if Huayu Expressway Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Huayu Expressway Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Huayu Expressway Group has not reported any payouts.
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 Huayu Expressway Group'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 Huayu Expressway Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Huayu Expressway Group has a total score of 0/6, 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 Huayu Expressway Group'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
Qing Quan Mai
COMPENSATION HK$3,469,000
AGE 70
CEO Bio

Mr. Qing Quan Mai, Ep, served as the Vice Chief Officer of Huayu Investment since May 2005. Mr. Mai is responsible for managing the investment, construction and operation of expressway projects. He serves as the Chief Executive Officer of Huayu Expressway Group Limited. Mr. Mai had been in charge of the construction and internal and external co-ordination of Shuiguan Expressway Extension Line, Shenzhen Qingping Expressway, Shenzhen Hengping Road and Shenzhen Shahe Road. Upon graduation, he worked as a teacher in Hunan No. 6 Engineering Company School from 1976 to 1983. He joined the Education Bureau of the Shenzhen Municipality in September 1984 and had worked in the government and a social organization for an aggregate of approximately 19 years. He was the Vice District Head of Longgang District in Shenzhen from November 1996 to August 2001, responsible for culture and sports related work. Mr. Mai has been an Executive Director of Huayu Expressway Group Limited since May 21, 2009 and joined in December 2006. He serves as a Director of Daoyue. He is responsible for the communication and coordination between the relevant governmental bodies. He had been a member of the 11th National People's Congress, a delegate of the 3rd Committee of the Shenzhen Municipality of the Chinese People's Political Consultative Conference, the President of Shenzhen Social Welfare Fund Association, the Honorary Chairman of Shenzhen Guiqiao Qiaojuan Entrepreneurs Association and the Special Inspector of the PRC Ministry of Public Security. Mr. Mai graduated from Hunan Normal College (currently part of Hunan Normal University) in July 1976.

CEO Compensation
  • Qing Quan's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Qing Quan's remuneration is higher than average for companies of similar size in Hong Kong.
Management Team Tenure

Average tenure and age of the Huayu Expressway Group management team in years:

11.5
Average Tenure
58
Average Age
  • The average tenure for the Huayu Expressway Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Yeung Nam Chan

TITLE
Executive Chairman
COMPENSATION
HK$1M
AGE
64

Qing Quan Mai

TITLE
CEO & Executive Director
COMPENSATION
HK$3M
AGE
70

Jie Pin Fu

TITLE
Executive Director
COMPENSATION
HK$640K
AGE
52

Dan Yi Liu

TITLE
General Manager of Human Resources and Administration
AGE
58
TENURE
12.5 yrs

Xian Hui Gan

TITLE
Chief Contract Budget Controller
AGE
49
TENURE
11.5 yrs

Jing An Chen

TITLE
Chief Engineer
AGE
70
TENURE
11.5 yrs

Kenneth Sin

TITLE
Company Secretary
AGE
51
TENURE
10 yrs
Board of Directors Tenure

Average tenure and age of the Huayu Expressway Group board of directors in years:

10.2
Average Tenure
59.5
Average Age
  • The average tenure for the Huayu Expressway Group board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Yeung Nam Chan

TITLE
Executive Chairman
COMPENSATION
HK$1M
AGE
64

Qing Quan Mai

TITLE
CEO & Executive Director
COMPENSATION
HK$3M
AGE
70
TENURE
10.2 yrs

Jie Pin Fu

TITLE
Executive Director
COMPENSATION
HK$640K
AGE
52
TENURE
10.2 yrs

Xiao Nian Sun

TITLE
Independent Non-Executive Director
COMPENSATION
HK$59K
AGE
55
TENURE
10.2 yrs

Peleus Chu

TITLE
Independent Non-Executive Director
COMPENSATION
HK$142K
AGE
55
TENURE
10.2 yrs

Lie Ge Hu

TITLE
Independent Non-Executive Director
COMPENSATION
HK$59K
AGE
66
TENURE
10.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
X
Management checks
We assess Huayu Expressway Group'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. Huayu Expressway Group 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

Is Huayu Expressway Group (HKG:1823) Using Too Much Debt?

We can see that Huayu Expressway Group Limited (HKG:1823) does use debt in its business. … View our latest analysis for Huayu Expressway Group What Is Huayu Expressway Group's Net Debt? … Our View To be frank both Huayu Expressway Group's net debt to EBITDA and its track record of staying on top of its total liabilities make us rather uncomfortable with its debt levels.

Simply Wall St -

Is Huayu Expressway Group Limited's (HKG:1823) CEO Paid Enough Relative To Peers?

According to our data, Huayu Expressway Group Limited has a market capitalization of HK$289m, and pays its CEO total annual compensation worth HK$3.5m. … Thus we can conclude that Qing Quan Mai receives more in total compensation than the median of a group of companies in the same market, and of similar size to Huayu Expressway Group Limited. … We compared total CEO remuneration at Huayu Expressway Group Limited with the amount paid at companies with a similar market capitalization.

Simply Wall St -

Should You Be Adding Huayu Expressway Group (HKG:1823) To Your Watchlist Today?

In the age of tech-stock blue-sky investing, my choice may seem old fashioned; I still prefer profitable companies like Huayu Expressway Group (HKG:1823). … So we're pleased to report that Huayu Expressway Group insiders own a meaningful share of the business. … Although Huayu Expressway Group certainly looks good to me, I would like it more if insiders were buying up shares.

Simply Wall St -

Do Institutions Own Huayu Expressway Group Limited (HKG:1823) Shares?

Every investor in Huayu Expressway Group Limited (HKG:1823) should be aware of the most powerful shareholder groups. … With a market capitalization of HK$301m, Huayu Expressway Group is a small cap stock, so it might not be well known by many institutional investors. … Check out our latest analysis for Huayu Expressway Group

Simply Wall St -

The Huayu Expressway Group (HKG:1823) Share Price Has Gained 36% And Shareholders Are Hoping For More

To wit, the Huayu Expressway Group share price has climbed 36% in five years, easily topping the market return of 16% (ignoring dividends). … During the five years of share price growth, Huayu Expressway Group moved from a loss to profitability. … Dive deeper into Huayu Expressway Group's key metrics by checking this interactive graph of Huayu Expressway Group's earnings, revenue and cash flow.

Simply Wall St -

Does Huayu Expressway Group Limited's (HKG:1823) CEO Pay Compare Well With Peers?

The CEO of Huayu Expressway Group Limited (HKG:1823) is Qing Mai. … At the time of writing our data says that Huayu Expressway Group Limited has a market cap of HK$276m, and is paying total annual CEO compensation of HK$1.7m. … We examined a group of similar sized companies, with market capitalizations of below HK$1.6b

Simply Wall St -

Huayu Expressway Group Limited (HKG:1823) Might Not Be A Great Investment

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Return On Capital Employed (ROCE): What is it? … How Do You Calculate Return On Capital Employed?

Simply Wall St -

Do Insiders Own Shares In Huayu Expressway Group Limited (HKG:1823)?

If you want to know who really controls Huayu Expressway Group Limited (HKG:1823), then you'll have to look at the makeup of its share registry. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … Huayu Expressway Group is a smaller company with a market capitalization of HK$272m, so it may still be flying under the radar of many institutional investors.

Simply Wall St -

Huayu Expressway Group Limited (HKG:1823): What Are Investors Earning On Their Capital?

and want to better understand how you can grow your money by investing in Huayu Expressway Group Limited (HKG:1823). … 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. … Therefore, looking at how efficiently Huayu Expressway Group is able to use capital to create earnings will help us understand your potential return.

Simply Wall St -

Is Huayu Expressway Group Limited (HKG:1823) Attractive At Its Current PE Ratio?

Huayu Expressway Group Limited (HKG:1823) is currently trading at a trailing P/E of 18.2x, which is higher than the industry average of 13.6x. … Although some investors may jump to the conclusion that you should avoid the stock or sell if you own it, understanding the assumptions behind the P/E ratio might change your mind. … Check out our latest analysis for Huayu Expressway Group

Simply Wall St -

Company Info

Description

Huayu Expressway Group Limited, an investment holding company, invests in, builds, operates, and manages infrastructure projects in the People’s Republic of China. The company constructs, operates, and manages the Sui-Yue Expressway, a dual three-lane expressway with a planned length of approximately 24.08 km. It also distributes liquor and spirits, and Kweichow Moutai Chiew products. The company is headquartered in Yueyang, the People’s Republic of China. Huayu Expressway Group Limited is a subsidiary of Velocity International Limited.

Details
Name: Huayu Expressway Group Limited
1823
Exchange: SEHK
Founded:
HK$317,708,160
412,608,000
Website: http://www.huayu.com.hk
Address: Huayu Expressway Group Limited
Zhou Fu Zu,
Xingguangcun Sanhexiang,
Yueyang,
Hunan Province, China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1823 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 23. Dec 2009
Number of employees
Current staff
Staff numbers
285
Huayu Expressway Group employees.
Industry
Construction and Engineering
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/16 12:53
End of day share price update: 2019/07/15 00:00
Last earnings filing: 2019/04/03
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.