BOC Aviation
Market Cap
HK$51.7b
Last Updated
2019/10/17 12:56 UTC
Data Sources
Company Financials +
Executive Summary
BOC Aviation Limited, together with its subsidiaries, operates as an aircraft operating leasing company worldwide.
Snowflake
Fundamentals
Acceptable track record second-rate dividend payer.
Similar Companies
Share Price & News
How has BOC Aviation's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
5.5%
2588
-20.1%
HK Trade Distributors
3.1%
HK Market
1 Year Return
34.9%
2588
-27.6%
HK Trade Distributors
0.5%
HK Market
Return vs Industry: 2588 exceeded the Hong Kong Trade Distributors industry which returned -27.6% over the past year.
Return vs Market: 2588 exceeded the Hong Kong Market which returned 0.5% over the past year.
Shareholder returns
| 2588 | Industry | Market | |
|---|---|---|---|
| 7 Day | 5.5% | -20.1% | 3.1% |
| 30 Day | -0.2% | -32.3% | -1.8% |
| 90 Day | 12.2% | -23.2% | -4.8% |
| 1 Year | 40.0%34.9% | -26.2%-27.6% | 4.1%0.5% |
| 3 Year | 101.2%77.1% | -11.9%-19.9% | 15.8%4.2% |
| 5 Year | n/a | -43.5%-54.7% | 18.9%-0.9% |
Price Volatility Vs. Market
How volatile is BOC Aviation's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
If You Had Bought BOC Aviation (HKG:2588) Stock Three Years Ago, You Could Pocket A 69% Gain Today3 weeks ago | Simply Wall St
How Do BOC Aviation Limited’s (HKG:2588) Returns Compare To Its Industry?1 month ago | Simply Wall St
Does BOC Aviation Limited's (HKG:2588) CEO Pay Reflect Performance?Valuation
Is BOC Aviation undervalued compared to its fair value and its price relative to the market?
10.32x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Undervalued: 2588 (HK$75.2) is trading above our estimate of fair value (HK$35.03)
Significantly Undervalued: 2588 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 2588 is poor value based on its PE Ratio (10.3x) compared to the Trade Distributors industry average (9.4x).
PE vs Market: 2588 is good value based on its PE Ratio (10.3x) compared to the Hong Kong market (10.3x).
Price to Earnings Growth Ratio
Low PEG Ratio: 2588 is poor value based on its PEG Ratio (1x)
Price to Book Ratio
PB vs Industry: 2588 is overvalued based on its PB Ratio (1.6x) compared to the HK Trade Distributors industry average (0.6x).
Next Steps
Future Growth
How is BOC Aviation forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
10.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 2588's forecast earnings growth (10.2% per year) is above the savings rate (2%).
Earnings vs Market: 2588's earnings (10.2% per year) are forecast to grow slower than the Hong Kong market (11.3% per year).
High Growth Earnings: 2588's earnings are forecast to grow, but not significantly.
Revenue vs Market: 2588's revenue (11.5% per year) is forecast to grow faster than the Hong Kong market (10% per year).
High Growth Revenue: 2588's revenue (11.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: 2588's Return on Equity is forecast to be low in 3 years time (15.2%).
Next Steps
Past Performance
How has BOC Aviation performed over the past 5 years?
18.8%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: 2588's earnings have grown by 18.8% per year over the past 5 years.
Accelerating Growth: 2588's earnings growth over the past year (0.2%) is below its 5-year average (18.8% per year).
Earnings vs Industry: 2588 earnings growth over the past year (0.2%) underperformed the Trade Distributors industry 1%.
Return on Equity
High ROE: 2588's Return on Equity (15%) is considered low.
Return on Assets
ROA vs Industry: 2588 has a higher Return on Assets than the Trade Distributors industry average last year.
Return on Capital Employed
ROCE Improving: 2588 has significantly improved its Return on Capital Employed over the past 3 years.
Next Steps
Financial Health
How is BOC Aviation's financial position?
Financial Position Analysis
Short Term Liabilities: 2588's short term assets ($375.4M) do not cover its short term liabilities ($2.1B)
Long Term Liabilities: 2588's short term assets (375.4M) do not cover its long term liabilities (12.7B)
Debt to Equity History and Analysis
Debt Level: 2588's debt to equity ratio (306%) is considered high
Reducing Debt: 2588's debt to equity ratio has reduced from 398.7% to 306% over the past 5 years.
Debt Coverage: 2588's debt is not well covered by operating cash flow (13.3%).
Interest Coverage: 2588's interest payments on its debt are not well covered by EBIT (2.4x coverage).
Balance Sheet
Inventory Level: 2588 has a high level of physical assets or inventory.
Debt Coverage by Assets: 2588's debt is not covered by short term assets (assets are 0x debt).
Next Steps
Dividend
What is BOC Aviation's current dividend yield, its reliability and sustainability?
3.37%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: 2588's dividend (3.37%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.27%).
High Dividend: 2588's dividend (3.37%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.25%).
Stable Dividend: Whilst dividend payments have been stable, 2588 has been paying a dividend for less than 10 years.
Growing Dividend: 2588's dividend payments have increased, but the company has only paid a dividend for 3 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (34.8%), 2588's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 2588's dividends in 3 years are forecast to be well covered by earnings (35.5% payout ratio).
Next Steps
Management
What is the CEO of BOC Aviation's salary, the management and board of directors tenure and is there insider trading?
15.5yrs
Average management tenure
CEO
Robert Martin (54yo)
15.8yrs
Tenure
US$7,479,000
Compensation
Mr. Robert James Martin has been the Chief Executive Officer and Managing Director of BOC Aviation Pte. Ltd since 2004 and July 5, 1998 respectively. Mr. Martin has been an Executive Director of BOC Aviati ...
CEO Compensation Analysis
Compensation vs. Market: Robert's total compensation ($USD7.48M) is about average for companies of similar size in the Hong Kong market ($USD607.90K).
Compensation vs Earnings: Robert's compensation has increased by more than 20% in the past year.
Management Age and Tenure
15.5yrs
Average Tenure
54yo
Average Age
Experienced Management: 2588's management team is seasoned and experienced (15.5 years average tenure).
Board Age and Tenure
3.4yrs
Average Tenure
55.5yo
Average Age
Experienced Board: 2588's board of directors are considered experienced (3.4 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.
Ownership Breakdown
Management Team
Ng Felicia (53yo)
Chief Accounting Officer
- Tenure: 0yrs
Dave Walton (58yo)
Chief Operating Officer
- Tenure: 4.9yrs
Steven Townend (50yo)
Chief Commercial Officer of Europe-Americas & Africa
- Tenure: 15.3yrs
Thim Phang (62yo)
Deputy MD & CFO
- Tenure: 23.8yrs
David Farrell
Head of Risk Management
- Tenure: 0yrs
John Bloemen
Head of Airline Leasing & Sales - Asia Pacific Middle East
- Tenure: 0yrs
Robert Martin (54yo)
MD, CEO & Executive Director
- Tenure: 15.8yrs
- Compensation: US$7.48m
Jonathan Mahony (50yo)
General Counsel
- Tenure: 17.2yrs
Jian Wang (59yo)
Vice Chairman & Deputy MD
- Tenure: 2.3yrs
- Compensation: US$921.00k
Timothy Ross
Head of Investor Relations
- Tenure: 0yrs
Board Members
Tony Tyler (63yo)
Independent Non-Executive Director
- Tenure: 3.4yrs
- Compensation: US$180.00k
Shula Fu (63yo)
Independent Non-Executive Director
- Tenure: 8.7yrs
- Compensation: US$77.00k
Robert Martin (54yo)
MD, CEO & Executive Director
- Tenure: 15.8yrs
- Compensation: US$7.48m
Jian Wang (59yo)
Vice Chairman & Deputy MD
- Tenure: 2.3yrs
- Compensation: US$921.00k
Lin Zhu (45yo)
Non-Executive Director
- Tenure: 5.8yrs
Mang Li (51yo)
Non-Executive Director
- Tenure: 3.8yrs
Deming Dai (57yo)
Independent Non-Executive Director
- Tenure: 3.4yrs
- Compensation: US$77.00k
Chenggang Liu (46yo)
Non-Executive Director
- Tenure: 3.1yrs
Bernard Yeung (66yo)
Independent Non-Executive Director
- Tenure: 2.8yrs
- Compensation: US$45.00k
Yu Sun (46yo)
Non-Executive Chairman
- Tenure: 0.7yrs
Company Information
BOC Aviation Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: BOC Aviation Limited
- Ticker: 2588
- Exchange: SEHK
- Founded: 1993
- Industry: Trading Companies and Distributors
- Sector: Capital Goods
- Market Cap: HK$51.704b
- Shares outstanding: 694.01m
- Website: https://www.bocaviation.com
Number of Employees
Location
- BOC Aviation Limited
- No. 18-01, 8 Shenton Way
- Singapore
- 68811
- Singapore
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 2588 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Jun 2016 |
| 8BO | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jun 2016 |
| 2588 | SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect) | Yes | Ordinary Shares | HK | HKD | Jun 2016 |
| 2588 | SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect) | Yes | Ordinary Shares | HK | HKD | Jun 2016 |
| BCVV.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jun 2016 |
Biography
BOC Aviation Limited, together with its subsidiaries, operates as an aircraft operating leasing company worldwide. The company offers a range of services to airlines and aircraft owners, including direct o ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/17 12:56 |
| End of Day Share Price | 2019/10/17 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.