China Aircraft Leasing Group Holdings
Market Cap
HK$5.5b
Last Updated
2019/12/10 12:53 UTC
Data Sources
Company Financials +
Executive Summary
China Aircraft Leasing Group Holdings Limited, an investment holding company, provides aircraft leasing services to airline companies primarily in Mainland China, and other countries or regions in Europe and Asia.
Rewards
Risk Analysis
Snowflake Analysis
Average dividend payer with acceptable track record.
Share Price & News
How has China Aircraft Leasing Group Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 1848 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-1.6%
1848
1.6%
HK Trade Distributors
0.6%
HK Market
1 Year Return
0.6%
1848
-3.7%
HK Trade Distributors
-0.06%
HK Market
Return vs Industry: 1848 exceeded the Hong Kong Trade Distributors industry which returned -3.7% over the past year.
Return vs Market: 1848 exceeded the Hong Kong Market which returned -0.1% over the past year.
Shareholder returns
| 1848 | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.6% | 1.6% | 0.6% |
| 30 Day | -1.6% | -23.1% | -3.6% |
| 90 Day | -1.1% | -21.9% | -0.01% |
| 1 Year | 8.8%0.6% | -0.5%-3.7% | 3.5%-0.06% |
| 3 Year | 12.1%-9.8% | -14.5%-21.5% | 19.5%7.4% |
| 5 Year | -2.5%-25.6% | -53.9%-63.1% | 18.4%-1.4% |
Price Volatility Vs. Market
How volatile is China Aircraft Leasing Group Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 day ago | Simply Wall St
Is There Now An Opportunity In China Aircraft Leasing Group Holdings Limited (HKG:1848)?2 weeks ago | Simply Wall St
A Closer Look At China Aircraft Leasing Group Holdings Limited's (HKG:1848) Impressive ROE4 weeks ago | Simply Wall St
Calculating The Fair Value Of China Aircraft Leasing Group Holdings Limited (HKG:1848)Valuation
Is China Aircraft Leasing Group Holdings undervalued compared to its fair value and its price relative to the market?
6.68x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 1848 (HK$8.02) is trading above our estimate of fair value (HK$7.88)
Significantly Below Fair Value: 1848 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 1848 is good value based on its PE Ratio (6.7x) compared to the Trade Distributors industry average (9.1x).
PE vs Market: 1848 is good value based on its PE Ratio (6.7x) compared to the Hong Kong market (10.2x).
Price to Earnings Growth Ratio
PEG Ratio: 1848 is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: 1848 is overvalued based on its PB Ratio (1.5x) compared to the HK Trade Distributors industry average (0.6x).
Next Steps
Future Growth
How is China Aircraft Leasing Group Holdings forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
6.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 1848's forecast earnings growth (6.1% per year) is above the savings rate (1.6%).
Earnings vs Market: 1848's earnings (6.1% per year) are forecast to grow slower than the Hong Kong market (11.9% per year).
High Growth Earnings: 1848's earnings are forecast to grow, but not significantly.
Revenue vs Market: 1848's revenue (16.3% per year) is forecast to grow faster than the Hong Kong market (9.8% per year).
High Growth Revenue: 1848's revenue (16.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 1848's Return on Equity is forecast to be low in 3 years time (19.7%).
Next Steps
Past Performance
How has China Aircraft Leasing Group Holdings performed over the past 5 years?
23.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 1848 has a high level of non-cash earnings.
Growing Profit Margin: 1848's current net profit margins (48.1%) are higher than last year (48.1%).
Past Earnings Growth Analysis
Earnings Trend: 1848's earnings have grown significantly by 23.8% per year over the past 5 years.
Accelerating Growth: 1848's earnings growth over the past year (2.5%) is below its 5-year average (23.8% per year).
Earnings vs Industry: 1848 earnings growth over the past year (2.5%) exceeded the Trade Distributors industry 1%.
Return on Equity
High ROE: Whilst 1848's Return on Equity (22.8%) is high, this metric is skewed due to their high level of debt.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is China Aircraft Leasing Group Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: 1848's short term assets (HK$23.9B) exceed its short term liabilities (HK$8.5B).
Long Term Liabilities: 1848's short term assets (HK$23.9B) do not cover its long term liabilities (HK$31.2B).
Debt to Equity History and Analysis
Debt Level: 1848's debt to equity ratio (1002.8%) is considered high.
Reducing Debt: 1848's debt to equity ratio has reduced from 1411.8% to 1002.8% over the past 5 years.
Debt Coverage: 1848's debt is not well covered by operating cash flow (9.5%).
Interest Coverage: Insufficient data to determine if 1848's interest payments on its debt are well covered by EBIT.
Balance Sheet
Inventory Level: 1848 has a high level of physical assets or inventory.
Debt Coverage by Assets: 1848's debt is not covered by short term assets (assets are 0.7x debt).
Next Steps
Dividend
What is China Aircraft Leasing Group Holdings's current dividend yield, its reliability and sustainability?
8.23%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: 1848's dividend (8.23%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.26%).
High Dividend: 1848's dividend (8.23%) is in the top 25% of dividend payers in the Hong Kong market (6.26%)
Stability and Growth of Payments
Stable Dividend: 1848 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 1848's dividend payments have increased, but the company has only paid a dividend for 5 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (55.8%), 1848's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 1848's dividends in 3 years are forecast to be covered by earnings (55.4% payout ratio).
Next Steps
Management
What is the CEO of China Aircraft Leasing Group Holdings's salary, the management and board of directors tenure and is there insider trading?
2.9yrs
Average management tenure
CEO
Mike Poon (46yo)
2.9yrs
Tenure
HK$19,620,000
Compensation
Dr. Ho Man Poon, also known as Mike, CFA has been the Chief Executive Officer of China Aircraft Leasing Group Holdings Limited since January 19, 2017. Dr. Poon serves as the Chief Investment Officer at Pac ...
CEO Compensation Analysis
Compensation vs Market: Mike's total compensation ($USD2.51M) is above average for companies of similar size in the Hong Kong market ($USD464.81K).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
Management Age and Tenure
2.9yrs
Average Tenure
48yo
Average Age
Experienced Management: 1848's management team is considered experienced (2.9 years average tenure).
Board Age and Tenure
5.0yrs
Average Tenure
62yo
Average Age
Experienced Board: 1848's board of directors are considered experienced (5 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Company |
| Shares | 130,000 |
| Max Price | HK$8.02 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Barry Mok (60yo)
Deputy CEO & CFO
- Tenure: 4.5yrs
Mike Poon (46yo)
CEO & Executive Director
- Tenure: 2.9yrs
- Compensation: HK$19.62m
Pitney Tang (49yo)
Chief Operating Officer
- Tenure: 4yrs
Jens Dunker (53yo)
Senior Vice President of Portfolio Trading
- Tenure: 0yrs
Winnie Liu (37yo)
Deputy CEO
- Tenure: 6.3yrs
- Compensation: HK$17.68m
Christopher Dennis-Meyer
Regional Head of Sales & Marketing – EMEA
- Tenure: 2.9yrs
Matt Corley
Regional Head of Americas
- Tenure: 2.9yrs
Wei Zhao (48yo)
Chairman of the Board
- Tenure: 0.6yrs
Niel Liebenberg
General Counsel
- Tenure: 2.4yrs
Hatty Cheung (44yo)
Chief Risk Officer
- Tenure: 1.8yrs
Board Members
Albert Cheok (69yo)
Independent Non-Executive Director
- Tenure: 4.6yrs
- Compensation: HK$489.00k
Robert Nien (71yo)
Independent Non-Executive Director
- Tenure: 5.3yrs
- Compensation: HK$440.00k
Philip Fan (70yo)
Independent Non-Executive Director
- Tenure: 6.3yrs
- Compensation: HK$417.00k
Edward Chow (67yo)
Independent Non-Executive Director
- Tenure: 3.4yrs
- Compensation: HK$499.00k
Mike Poon (46yo)
CEO & Executive Director
- Tenure: 2.9yrs
- Compensation: HK$19.62m
Richard Tang (57yo)
Non-Executive Director
- Tenure: 6.3yrs
- Compensation: HK$235.00k
Winnie Liu (37yo)
Deputy CEO
- Tenure: 6.3yrs
- Compensation: HK$17.68m
Wei Zhao (48yo)
Chairman of the Board
- Tenure: 0.6yrs
Company Information
China Aircraft Leasing Group Holdings Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: China Aircraft Leasing Group Holdings Limited
- Ticker: 1848
- Exchange: SEHK
- Founded: 2006
- Industry: Trading Companies and Distributors
- Sector: Capital Goods
- Market Cap: HK$5.472b
- Shares outstanding: 677.27m
- Website: https://www.calc.com.hk
Number of Employees
Location
- China Aircraft Leasing Group Holdings Limited
- Far East Finance Centre
- 28th Floor
- Admiralty
- Hong Kong
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 1848 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Jul 2014 |
| 1848 | SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect) | Yes | Ordinary Shares | HK | HKD | Jul 2014 |
| 1848 | SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect) | Yes | Ordinary Shares | HK | HKD | Jul 2014 |
Biography
China Aircraft Leasing Group Holdings Limited, an investment holding company, provides aircraft leasing services to airline companies primarily in Mainland China, and other countries or regions in Europe a ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/10 12:53 |
| End of Day Share Price | 2019/12/10 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.