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CAA Resources

SEHK:2112
Snowflake Description

Moderate growth potential with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
2112
SEHK
HK$2B
Market Cap
  1. Home
  2. HK
  3. Capital Goods
Company description

CAA Resources Limited, an investment holding company, explores for, mines for, crushes, and beneficiates iron ore in Malaysia, the People’s Republic of China, the Netherlands, and South Korea. The last earnings update was 21 days ago. More info.


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2112 Share Price and Events
7 Day Returns
0%
SEHK:2112
-0.5%
HK Trade Distributors
0.5%
HK Market
1 Year Returns
-14.4%
SEHK:2112
3.5%
HK Trade Distributors
-6.1%
HK Market
2112 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
CAA Resources (2112) 0% -3.8% 1.3% -14.4% -35.8% -3.8%
HK Trade Distributors -0.5% 4.8% 10.1% 3.5% -40.8% -48.8%
HK Market 0.5% 1.1% 11.2% -6.1% 25.9% 19.4%
1 Year Return vs Industry and Market
  • 2112 underperformed the Trade Distributors industry which returned 3.5% over the past year.
  • 2112 underperformed the Market in Hong Kong which returned -6.1% over the past year.
Price Volatility
2112
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for CAA Resources's competitors could be found in our database.

Value

 Is CAA Resources 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 CAA Resources 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 CAA Resources.

SEHK:2112 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 9.1%
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:2112
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6%
Trade Distributors Unlevered Beta Simply Wall St/ S&P Global 0.94
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.945 (1 + (1- 24%) (46.95%))
1.189
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.19
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.189 * 5.96%)
9.09%

Discounted Cash Flow Calculation for SEHK:2112 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for CAA Resources 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:2112 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.09%)
2019 22.57 Est @ 19.46% 20.69
2020 25.78 Est @ 14.22% 21.66
2021 28.50 Est @ 10.56% 21.95
2022 30.78 Est @ 7.99% 21.73
2023 32.69 Est @ 6.2% 21.16
2024 34.30 Est @ 4.94% 20.35
2025 35.69 Est @ 4.06% 19.41
2026 36.92 Est @ 3.44% 18.41
2027 38.03 Est @ 3.01% 17.38
2028 39.06 Est @ 2.71% 16.37
Present value of next 10 years cash flows $199.12
SEHK:2112 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $39.06 × (1 + 2%) ÷ (9.09% – 2%)
$562.27
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $562.27 ÷ (1 + 9.09%)10
$235.58
SEHK:2112 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $199.12 + $235.58
$434.70
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $434.70 / 1,500.00
$0.29
SEHK:2112 Discount to Share Price
Calculation Result
Exchange Rate USD/HKD
(Reporting currency to currency of SEHK:2112)
7.845
Value per Share
(HKD)
= Value per Share in USD x Exchange Rate (USD/HKD)
= $0.29 x 7.845
HK$2.27
Value per share (HKD) From above. HK$2.27
Current discount Discount to share price of HK$1.54
= -1 x (HK$1.54 - HK$2.27) / HK$2.27
32.3%

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

Current Discount
Amount off the current price CAA Resources is available for.
Intrinsic value
32%
Share price is HK$1.54 vs Future cash flow value of HK$2.27
Current Discount Checks
For CAA Resources to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • CAA Resources's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • CAA Resources's share price is below the future cash flow value, but not 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 CAA Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are CAA Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:2112 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.00
SEHK:2112 Share Price ** SEHK (2019-04-18) in HKD HK$1.54
SEHK:2112 Share Price converted to USD reporting currency Exchange rate (HKD/ USD) 0.127 $0.2
Hong Kong Trade Distributors Industry PE Ratio Median Figure of 32 Publicly-Listed Trade Distributors Companies 14.33x
Hong Kong Market PE Ratio Median Figure of 1,474 Publicly-Listed Companies 12x

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

** Primary Listing of CAA Resources.

SEHK:2112 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:2112 Share Price ÷ EPS (both in USD)

= 0.2 ÷ 0.00

116.22x

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

  • CAA Resources is overvalued based on earnings compared to the HK Trade Distributors industry average.
  • CAA Resources is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does CAA Resources's expected growth come at a high price?
Raw Data
SEHK:2112 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 116.22x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
28.3%per year
Global Trade Distributors Industry PEG Ratio Median Figure of 77 Publicly-Listed Trade Distributors Companies 1.24x
Hong Kong Market PEG Ratio Median Figure of 462 Publicly-Listed Companies 0.86x

*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 CAA Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on CAA Resources's assets?
Raw Data
SEHK:2112 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $0.10
SEHK:2112 Share Price * SEHK (2019-04-18) in HKD HK$1.54
SEHK:2112 Share Price converted to USD reporting currency Exchange rate (HKD/ USD) 0.127 $0.2
Hong Kong Trade Distributors Industry PB Ratio Median Figure of 59 Publicly-Listed Trade Distributors Companies 1.16x
Hong Kong Market PB Ratio Median Figure of 2,149 Publicly-Listed Companies 1.03x
SEHK:2112 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:2112 Share Price ÷ Book Value per Share (both in USD)

= 0.2 ÷ 0.10

1.95x

* Primary Listing of CAA Resources.

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

  • CAA Resources is overvalued based on assets compared to the HK Trade Distributors industry average.
X
Value checks
We assess CAA Resources'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 Trade Distributors 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 Trade Distributors industry average (and greater than 0)? (1 check)
  5. CAA Resources has a total score of 1/6, 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 CAA Resources expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover CAA Resources, 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
28.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is CAA Resources expected to grow at an attractive rate?
  • CAA Resources's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • CAA Resources's earnings growth is expected to exceed the Hong Kong market average.
  • Unable to compare CAA Resources's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:2112 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:2112 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 28.3%
Hong Kong Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 10.8%
Asia Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 13.5%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.6%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 11.2%

*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:2112 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 USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:2112 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 1,447 19 3
2018-09-30 1,371 -7 3
2018-06-30 1,294 -32 3
2018-03-31 1,199 -80 3
2017-12-31 1,105 -127 3
2017-09-30 1,149 -127 2
2017-06-30 1,194 -126 1
2017-03-31 1,217 -67 3
2016-12-31 1,241 -9 4
2016-09-30 1,162 -14 3
2016-06-30 1,083 -19 2
2016-03-31 817 -12 1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • CAA Resources's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if CAA Resources 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:2112 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 CAA Resources Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:2112 Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.00
2018-09-30 0.00
2018-06-30 0.00
2018-03-31 0.00
2017-12-31 0.00
2017-09-30 0.00
2017-06-30 0.00
2017-03-31 0.00
2016-12-31 0.00
2016-09-30 0.00
2016-06-30 0.00
2016-03-31 0.00

*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 CAA Resources will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess CAA Resources'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 Asia 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.
CAA Resources has a total score of 3/6, 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 CAA Resources 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 CAA Resources's growth in the last year to its industry (Trade Distributors).
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.
  • CAA Resources's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • CAA Resources's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • CAA Resources's 1-year earnings growth is negative, it can't be compared to the HK Trade Distributors industry average.
Earnings and Revenue History
CAA Resources'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 CAA Resources Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:2112 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,447.01 2.53 5.94
2018-09-30 1,370.67 2.86 7.73
2018-06-30 1,294.32 3.18 9.52
2018-03-31 1,199.47 3.30 9.49
2017-12-31 1,104.62 3.42 9.45
2017-09-30 1,149.27 2.44 7.71
2017-06-30 1,193.93 1.47 5.96
2017-03-31 1,217.30 2.91 5.76
2016-12-31 1,240.67 4.35 5.56
2016-09-30 1,162.08 3.32 5.25
2016-06-30 1,083.48 2.30 4.95
2016-03-31 816.82 1.46 5.07
2015-12-31 550.17 0.62 5.19
2015-09-30 370.46 1.35 7.11
2015-06-30 190.75 2.08 9.04
2015-03-31 171.53 2.14 10.39
2014-12-31 152.30 2.21 11.74
2014-09-30 151.66 4.27 14.11
2014-06-30 151.01 6.34 16.48
2014-03-31 130.69 13.04 15.52
2013-12-31 110.37 19.75 14.55
2013-09-30 92.91 21.19 11.02
2013-06-30 75.45 22.63 7.50
2013-03-31 64.89 16.52 7.50
2012-12-31 54.32 10.42 7.50

*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.
  • CAA Resources has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • CAA Resources used its assets less efficiently than the HK Trade Distributors industry average last year based on Return on Assets.
  • CAA Resources's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess CAA Resources'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 Trade Distributors 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.
CAA Resources has a total score of 0/6, 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 CAA Resources'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 CAA Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • CAA Resources is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • CAA Resources's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of CAA Resources'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 1.6x 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 CAA Resources Company Filings, last reported 3 months ago.

SEHK:2112 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 152.81 138.24 0.18
2018-09-30 152.81 138.24 0.18
2018-06-30 118.73 182.93 14.19
2018-03-31 118.73 182.93 14.19
2017-12-31 107.74 156.72 2.09
2017-09-30 107.74 156.72 2.09
2017-06-30 105.97 134.43 1.68
2017-03-31 105.97 134.43 1.68
2016-12-31 102.55 103.95 74.92
2016-09-30 102.55 103.95 74.92
2016-06-30 100.39 56.74 37.81
2016-03-31 100.39 56.74 37.81
2015-12-31 93.97 49.45 27.66
2015-09-30 93.97 49.45 27.66
2015-06-30 97.89 8.48 22.17
2015-03-31 97.89 8.48 22.17
2014-12-31 95.09 24.49 10.43
2014-09-30 95.09 24.49 10.43
2014-06-30 99.05 20.16 25.17
2014-03-31 99.05 20.16 25.17
2013-12-31 104.15 4.49 30.75
2013-09-30 104.15 4.49 30.75
2013-06-30 43.45 1.16 2.02
2013-03-31 43.45 1.16 2.02
2012-12-31 26.61 3.05 1.86
  • CAA Resources's level of debt (90.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (4.5% vs 90.5% today).
  • Debt is not well covered by operating cash flow (13.7%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.4x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess CAA Resources'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. CAA Resources 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 CAA Resources'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 CAA Resources dividends.
If you bought HK$2,000 of CAA Resources 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 CAA Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate CAA Resources'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:2112 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 Trade Distributors Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 4.3%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 965 Stocks 3.4%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.1%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 1.9%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.3%

Industry and Market average data is calculated daily.

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

SEHK:2112 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2015-09-29 0.000 0.000
2015-08-28 0.000 0.000
2015-04-08 0.000 0.000
2015-03-23 0.000 0.000
2014-03-27 0.007 3.459

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

  • Unable to perform a dividend volatility check as CAA Resources has not reported any payouts.
  • Unable to verify if CAA Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of CAA Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as CAA Resources 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 CAA Resources's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 CAA Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. CAA Resources 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 CAA Resources'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
Yang Li
COMPENSATION $349,000
AGE 31
TENURE AS CEO 6 years
CEO Bio

Mr. Yang Li has been the Chief Executive Officer of CAA Resources Limited since April 12, 2013 and has also been its Chairman since April 12, 2013. Mr. Li has been appointed as the director of Capture Advance since February 2010 and the director of Capture Advantage and director of Best Sparkle since June 2011. Mr. Li graduated from the College of Business of Eastern New Mexico University in the United States majoring in business administration in 2009.

CEO Compensation
  • Yang's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Yang's remuneration is higher than average for companies of similar size in Hong Kong.
Management Team Tenure

Average tenure and age of the CAA Resources management team in years:

6
Average Tenure
53
Average Age
  • The average tenure for the CAA Resources management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Yang Li

TITLE
Chairman & CEO
COMPENSATION
$349K
AGE
31
TENURE
6 yrs

Xiaolan Li

TITLE
Deputy GM & Executive Director
COMPENSATION
$133K
AGE
53
TENURE
6 yrs

Er Wang

TITLE
Production Supervisor & Executive Director
COMPENSATION
$58K
AGE
61
TENURE
6 yrs

Mijia Xu

TITLE
Executive Director
COMPENSATION
$80K
AGE
33

Barry Chu

TITLE
Company Secretary & Financial Controller
AGE
47
TENURE
6 yrs

Xiaodong Yan

TITLE
Chief Engineer
AGE
59
TENURE
6 yrs

Jie Dong

TITLE
Consultant
COMPENSATION
$14K
AGE
63
TENURE
2.6 yrs
Board of Directors Tenure

Average tenure and age of the CAA Resources board of directors in years:

6
Average Tenure
53
Average Age
  • The tenure for the CAA Resources board of directors is about average.
Board of Directors

Yang Li

TITLE
Chairman & CEO
COMPENSATION
$349K
AGE
31
TENURE
6 yrs

Xiaolan Li

TITLE
Deputy GM & Executive Director
COMPENSATION
$133K
AGE
53
TENURE
6 yrs

Er Wang

TITLE
Production Supervisor & Executive Director
COMPENSATION
$58K
AGE
61
TENURE
6 yrs

Mijia Xu

TITLE
Executive Director
COMPENSATION
$80K
AGE
33
TENURE
2.6 yrs

Ling Wang

TITLE
Independent Non-Executive Director
COMPENSATION
$13K
AGE
60
TENURE
6 yrs

Yiu Cho Leung

TITLE
Independent Non-Executive Director
AGE
38
TENURE
1.7 yrs

Zhongquan Li

TITLE
Independent Non-Executive Director
COMPENSATION
$13K
AGE
53
TENURE
6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
X
Management checks
We assess CAA Resources'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. CAA Resources 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

Does Market Volatility Impact CAA Resources Limited's (HKG:2112) Share Price?

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

Do Directors Own CAA Resources Limited (HKG:2112) Shares?

Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … Our analysis of the ownership of the company, below, shows that. … institutions don't own shares in the company.

Simply Wall St -

Should We Be Cautious About CAA Resources Limited's (HKG:2112) ROE Of 2.7%?

This article is for those who would like to learn about Return On Equity (ROE). … That means that for every HK$1 worth of shareholders' equity, it generated HK$0.027 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

What Does CAA Resources Limited's (HKG:2112) P/E Ratio Tell You?

CAA Resources has a price to earnings ratio of 93.72, based on the last twelve months. … Price to Earnings Ratio = Share Price (in reporting currency) ÷ Earnings per Share (EPS) … P/E of 93.72 = $0.20 (Note: this is the share price in the reporting currency, namely, USD ) ÷ $0.0021

Simply Wall St -

Does CAA Resources Limited's (HKG:2112) CEO Pay Reflect Performance?

In 2013 Yang Li was appointed CEO of CAA Resources Limited (HKG:2112). … This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Yang Li's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Could The CAA Resources Limited (HKG:2112) Ownership Structure Tell Us Something Useful?

Generally speaking, as a company grows, institutions will increase their ownership. … CAA Resources is a smaller company with a market capitalization of HK$2.3b, so it may still be flying under the radar of many institutional investors. … Our analysis of the ownership of the company, below, shows that.

Simply Wall St -

Can CAA Resources Limited (HKG:2112) Improve Its Returns?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Another way to think of that is that for every HK$1 worth of equity in the company, it was able to earn HK$0.027. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Why CAA Resources Limited's (HKG:2112) High P/E Ratio Isn't Necessarily A Bad Thing

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … We'll look at CAA Resources Limited's (HKG:2112) P/E ratio and reflect on what it tells us about the company's share price. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Are CAA Resources Limited's (HKG:2112) Interest Costs Too High?

While small-cap stocks, such as CAA Resources Limited (HKG:2112) with its market cap of US$2.48b, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … So, understanding the company's financial health becomes. … Here are a few basic checks that are good enough to have a broad overview of the company’s financial strength.

Simply Wall St -

Understanding Your Return On Investment In CAA Resources Limited (HKG:2112)

and want a simplistic look at the return on CAA Resources Limited (HKG:2112) stock. … Your equity share is granted in return for the capital provided to the business to operate, and in order for an investment to be successful the business has to create earnings from the funds that make up this capital. … Thus, to understand how your money can grow by investing in CAA Resources, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE)

Simply Wall St -

Company Info

Description

CAA Resources Limited, an investment holding company, explores for, mines for, crushes, and beneficiates iron ore in Malaysia, the People’s Republic of China, the Netherlands, and South Korea. It operates through three segments: Mine Operation, Commercial Trade, and Financing Operation. The company’s principal project is the Ibam project located in Daerah Rompin, Pahang, Malaysia. It purchases and sells iron ore concentrates, iron ore fines, and other commodities to steel manufacturers and/or their respective purchase agents, as well as to other commodity trading companies. The company also engages in financing related businesses, and provides loans to third parties. CAA Resources Limited was incorporated in 2012 and is headquartered in Kuantan, Malaysia. CAA Resources Limited is a subsidiary of Cosmo Field Holdings Limited.

Details
Name: CAA Resources Limited
2112
Exchange: SEHK
Founded: 2012
HK$2,310,000,000
1,500,000,000
Website: http://www.caa-resources.com
Address: CAA Resources Limited
Lot 22, D&E,
Level 22,
Kuantan,
Pahang, 25200,
Malaysia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 2112 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 03. Jul 2013
Number of employees
Current staff
Staff numbers
49
CAA Resources employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 12:55
End of day share price update: 2019/04/18 00:00
Last earnings filing: 2019/03/29
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.