company background image
1823

Huayu Expressway Group SEHK:1823 Stock Report

Last Price

HK$2.23

Market Cap

HK$920.1m

7D

9.9%

1Y

33.5%

Updated

24 Jun, 2022

Data

Company Financials
1823 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance3/6
Financial Health3/6
Dividends0/6

1823 Stock Overview

Huayu Expressway Group Limited, an investment holding company, invests in, builds, operates, and manages infrastructure projects in the People’s Republic of China.

Huayu Expressway Group Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Huayu Expressway Group
Historical stock prices
Current Share PriceHK$2.23
52 Week HighHK$7.70
52 Week LowHK$1.31
Beta1.14
1 Month Change0%
3 Month Change-41.01%
1 Year Change33.53%
3 Year Change205.48%
5 Year Change185.90%
Change since IPO72.87%

Recent News & Updates

Apr 22
I Ran A Stock Scan For Earnings Growth And Huayu Expressway Group (HKG:1823) Passed With Ease

I Ran A Stock Scan For Earnings Growth And Huayu Expressway Group (HKG:1823) Passed With Ease

Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...

Shareholder Returns

1823HK ConstructionHK Market
7D9.9%-1.1%1.2%
1Y33.5%2.0%-23.3%

Return vs Industry: 1823 exceeded the Hong Kong Construction industry which returned 2% over the past year.

Return vs Market: 1823 exceeded the Hong Kong Market which returned -23.3% over the past year.

Price Volatility

Is 1823's price volatile compared to industry and market?
1823 volatility
1823 Average Weekly Movement14.3%
Construction Industry Average Movement7.0%
Market Average Movement7.0%
10% most volatile stocks in HK Market13.7%
10% least volatile stocks in HK Market3.3%

Stable Share Price: 1823 is more volatile than 90% of Hong Kong stocks over the past 3 months, typically moving +/- 14% a week.

Volatility Over Time: 1823's weekly volatility (14%) has been stable over the past year, but is still higher than 75% of Hong Kong stocks.

About the Company

FoundedEmployeesCEOWebsite
2009480Jie Pin Fuhttps://www.huayu.com.hk

Huayu Expressway Group Limited, an investment holding company, invests in, builds, operates, and manages infrastructure projects in the People’s Republic of China. It operates through three segments: Sui-Yue Expressway, Qing Ping Expressway, and Liquor and Spirits. The company constructs, operates, and manages the Sui-Yue Expressway, a dual three-lane expressway; and Qing Ping Expressway, a six-lane expressway.

Huayu Expressway Group Fundamentals Summary

How do Huayu Expressway Group's earnings and revenue compare to its market cap?
1823 fundamental statistics
Market CapHK$920.12m
Earnings (TTM)HK$104.24m
Revenue (TTM)HK$1.05b

8.8x

P/E Ratio

0.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
1823 income statement (TTM)
RevenueHK$1.05b
Cost of RevenueHK$647.93m
Gross ProfitHK$399.96m
Other ExpensesHK$295.72m
EarningsHK$104.24m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.25
Gross Margin38.17%
Net Profit Margin9.95%
Debt/Equity Ratio149.2%

How did 1823 perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is 1823 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1823?

Other financial metrics that can be useful for relative valuation.

1823 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.1x
Enterprise Value/EBITDA6.4x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 1823's PE Ratio compare to its peers?

1823 PE Ratio vs Peers
The above table shows the PE ratio for 1823 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average15.7x

Price-To-Earnings vs Peers: 1823 is good value based on its Price-To-Earnings Ratio (8.8x) compared to the peer average (15.7x).


Price to Earnings Ratio vs Industry

How does 1823's PE Ratio compare vs other companies in the Hong Kong Construction Industry?

Price-To-Earnings vs Industry: 1823 is good value based on its Price-To-Earnings Ratio (8.8x) compared to the Hong Kong Construction industry average (10.9x)


Price to Earnings Ratio vs Fair Ratio

What is 1823's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

1823 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.8x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 1823's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 1823 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 1823 (HK$2.23) is trading below our estimate of fair value (HK$9.18)

Significantly Below Fair Value: 1823 is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 1823's PEG Ratio to determine if it is good value.


Discover undervalued companies

Future Growth

How is Huayu Expressway Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


11.2%

Forecasted Capital Goods industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as 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 SimplyWall St do have past financial data.


Discover growth companies

  • Examine whether Huayu Expressway Group is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • Huayu Expressway Group competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Huayu Expressway Group performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


44.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 1823 has high quality earnings.

Growing Profit Margin: 1823's current net profit margins (9.9%) are lower than last year (12.7%).


Past Earnings Growth Analysis

Earnings Trend: 1823 has become profitable over the past 5 years, growing earnings by 44.2% per year.

Accelerating Growth: 1823's earnings growth over the past year (41%) is below its 5-year average (44.2% per year).

Earnings vs Industry: 1823 earnings growth over the past year (41%) exceeded the Construction industry 0.5%.


Return on Equity

High ROE: 1823's Return on Equity (18.4%) is considered low.


Discover strong past performing companies

Financial Health

How is Huayu Expressway Group's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 1823's short term assets (HK$645.5M) exceed its short term liabilities (HK$277.8M).

Long Term Liabilities: 1823's short term assets (HK$645.5M) do not cover its long term liabilities (HK$1.2B).


Debt to Equity History and Analysis

Debt Level: 1823's net debt to equity ratio (111.3%) is considered high.

Reducing Debt: 1823's debt to equity ratio has reduced from 14605.6% to 149.2% over the past 5 years.

Debt Coverage: 1823's debt is not well covered by operating cash flow (18.9%).

Interest Coverage: 1823's interest payments on its debt are well covered by EBIT (4.9x coverage).


Balance Sheet


Discover healthy companies

Dividend

What is Huayu Expressway Group current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate 1823's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 1823's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 1823's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 1823's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as 1823 has not reported any payouts.


Discover strong dividend paying companies

Management

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

13.7yrs

Average management tenure


CEO

Jie Pin Fu (54 yo)

0.17

Tenure

HK$4,948,000

Compensation

Mr. Jie Pin Fu served as the Chief Financial Officer of Shenzhen Huayu Investment & Development Group Company Limited. He is also a director of certain subsidiaries of the Group. Mr. Fu is responsible for...


Leadership Team

Experienced Management: 1823's management team is seasoned and experienced (13.7 years average tenure).


Board Members

Experienced Board: 1823's board of directors are seasoned and experienced ( 13.1 years average tenure).


Ownership

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


Insider Trading Volume

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


Ownership Breakdown

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


Top Shareholders

Company Information

Huayu Expressway Group Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Huayu Expressway Group Limited
  • Ticker: 1823
  • Exchange: SEHK
  • Founded: 2009
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Implied Market Cap: HK$920.116m
  • Shares outstanding: 412.61m
  • Website: https://www.huayu.com.hk

Number of Employees


Location

  • Huayu Expressway Group Limited
  • Flat A
  • Level 17
  • Changsha
  • Hunan Province
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/24 00:00
End of Day Share Price2022/06/24 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.