China Aircraft Leasing Group Holdings
Market Cap
HK$4.9b
Last Updated
2020/11/24 12:40 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 internationally. More Details
Rewards
Risk Analysis
Snowflake Analysis
Good value with reasonable growth potential and pays a dividend.
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 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: 1848's weekly volatility (3%) has been stable over the past year.
Market Performance
7 Day Return
-2.9%
1848
1.8%
HK Trade Distributors
0.7%
HK Market
1 Year Return
-17.0%
1848
-4.5%
HK Trade Distributors
7.8%
HK Market
Return vs Industry: 1848 underperformed the Hong Kong Trade Distributors industry which returned -5.3% over the past year.
Return vs Market: 1848 underperformed the Hong Kong Market which returned 7.7% over the past year.
Shareholder returns
| 1848 | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.9% | 1.8% | 0.7% |
| 30 Day | 3.7% | 17.7% | 5.9% |
| 90 Day | -7.6% | 15.7% | 4.7% |
| 1 Year | -8.8%-17.0% | -1.0%-4.5% | 12.2%7.8% |
| 3 Year | 5.9%-17.5% | -44.3%-47.4% | -1.5%-11.7% |
| 5 Year | 16.5%-17.7% | -53.6%-56.5% | 30.2%8.2% |
Long-Term 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 week ago | Simply Wall St
How Much Have China Aircraft Leasing Group Holdings (HKG:1848) Shareholders Earned On Their Investment Over The Last Five Years?2 weeks ago | Simply Wall St
The Deputy CEO of China Aircraft Leasing Group Holdings Limited (HKG:1848), Wanting Liu, Just Bought 2.9% More Shares3 weeks ago | Simply Wall St
How Should Investors React To China Aircraft Leasing Group Holdings' (HKG:1848) CEO Pay?Valuation
Is China Aircraft Leasing Group Holdings undervalued compared to its fair value and its price relative to the market?
1.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 1848 (HK$6.69) is trading below our estimate of fair value (HK$6.78)
Significantly Below Fair Value: 1848 is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: 1848 is good value based on its PE Ratio (4.9x) compared to the HK Trade Distributors industry average (10.3x).
PE vs Market: 1848 is good value based on its PE Ratio (4.9x) compared to the Hong Kong market (11.2x).
Price to Earnings Growth Ratio
PEG Ratio: 1848 is good value based on its PEG Ratio (0.5x)
Price to Book Ratio
PB vs Industry: 1848 is overvalued based on its PB Ratio (1.2x) compared to the HK Trade Distributors industry average (0.5x).
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?
10.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 1848's forecast earnings growth (10.7% per year) is above the savings rate (1.6%).
Earnings vs Market: 1848's earnings (10.7% per year) are forecast to grow slower than the Hong Kong market (22% per year).
High Growth Earnings: 1848's earnings are forecast to grow, but not significantly.
Revenue vs Market: 1848's revenue (25.2% per year) is forecast to grow faster than the Hong Kong market (13.8% per year).
High Growth Revenue: 1848's revenue (25.2% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 1848's Return on Equity is forecast to be high in 3 years time (22.4%)
Next Steps
Past Performance
How has China Aircraft Leasing Group Holdings performed over the past 5 years?
16.8%
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 (53.5%) are higher than last year (48.2%).
Past Earnings Growth Analysis
Earnings Trend: 1848's earnings have grown by 16.8% per year over the past 5 years.
Accelerating Growth: 1848's earnings growth over the past year (12.5%) is below its 5-year average (16.8% per year).
Earnings vs Industry: 1848 earnings growth over the past year (12.5%) exceeded the Trade Distributors industry -11.4%.
Return on Equity
High ROE: Whilst 1848's Return on Equity (23.24%) is high, this metric is skewed due to their high level of debt.
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$22.9B) exceed its short term liabilities (HK$11.6B).
Long Term Liabilities: 1848's short term assets (HK$22.9B) do not cover its long term liabilities (HK$29.9B).
Debt to Equity History and Analysis
Debt Level: 1848's debt to equity ratio (968.1%) is considered high.
Reducing Debt: 1848's debt to equity ratio has increased from 901.4% to 968.1% over the past 5 years.
Debt Coverage: 1848's debt is not well covered by operating cash flow (4.4%).
Interest Coverage: Insufficient data to determine if 1848's interest payments on its debt are well covered by EBIT.
Balance Sheet
Next Steps
Dividend
What is China Aircraft Leasing Group Holdings's current dividend yield, its reliability and sustainability?
10.61%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 1848's dividend (10.61%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.23%).
High Dividend: 1848's dividend (10.61%) is in the top 25% of dividend payers in the Hong Kong market (6.65%)
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 6 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (50.3%), 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 well covered by earnings (49.3% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.8yrs
Average management tenure
CEO
Mike Poon (47 yo)
3.83yrs
Tenure
HK$16,258,000
Compensation
Dr. Ho Man Poon, also known as Mike, CFA has been the Chief Executive Officer of China Aircraft Leasing Group Holdings Limited since January 19, 2017. Dr. Poon serves as the Chief Investment Officer at Pac...
CEO Compensation Analysis
Compensation vs Market: Mike's total compensation ($USD2.10M) is above average for companies of similar size in the Hong Kong market ($USD478.53K).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 1.5yrs | HK$3.00m | no data | |
| CEO & Executive Director | 3.83yrs | HK$16.26m | 2.26% HK$ 110.7m | |
| Deputy CEO | 7.25yrs | HK$13.25m | 1.53% HK$ 74.8m | |
| Deputy CEO & CFO | 5.42yrs | no data | no data | |
| Chief Operating Officer | 4.92yrs | no data | no data | |
| General Counsel | 3.33yrs | no data | no data | |
| Senior Vice President of Portfolio Trading | no data | no data | no data | |
| Regional Head of Americas | 3.83yrs | no data | no data | |
| Regional Head of Sales & Marketing – EMEA | 3.83yrs | no data | no data | |
| Chief Risk Officer | 2.75yrs | no data | no data | |
| Managing Director of Structured Finance & Portfolio Trading | 1.83yrs | no data | no data | |
| Senior Vice President of OEM Procurement | no data | no data | no data |
3.8yrs
Average Tenure
49yo
Average Age
Experienced Management: 1848's management team is considered experienced (3.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 1.5yrs | HK$3.00m | no data | |
| CEO & Executive Director | 3.83yrs | HK$16.26m | 2.26% HK$ 110.7m | |
| Deputy CEO | 7.25yrs | HK$13.25m | 1.53% HK$ 74.8m | |
| Independent Non-Executive Director | 5.5yrs | HK$452.00k | 0.00069% HK$ 33.7k | |
| Independent Non-Executive Director | 6.25yrs | HK$440.00k | 0.033% HK$ 1.6m | |
| Independent Non-Executive Director | 7.17yrs | HK$445.00k | 0.028% HK$ 1.4m | |
| Non-Executive Director | 7.25yrs | HK$220.00k | 0.028% HK$ 1.4m | |
| Independent Non-Executive Director | 0.17yr | no data | no data |
5.9yrs
Average Tenure
56.5yo
Average Age
Experienced Board: 1848's board of directors are considered experienced (5.9 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: 1848 insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 6.3%.
Top Shareholders
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$4.889b
- Shares outstanding: 720.00m
- Website: https://www.calc.com.hk
Number of Employees
Location
- China Aircraft Leasing Group Holdings Limited
- Far East Finance Centre
- 32nd 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 |
| CFRL.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | 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 internationally. It is involved in the ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/24 12:40 |
| End of Day Share Price | 2020/11/24 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.