SEHK:387

Stock Analysis Report

Executive Summary

Leeport (Holdings) Limited, an investment holding company, imports and distributes equipment and precision tools for the manufacturing industry primarily in the People’s Republic of China, Hong Kong, and internationally.

Snowflake

Fundamentals

Overvalued with worrying balance sheet.

Share Price & News

How has Leeport (Holdings)'s share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

387

0.3%

HK Trade Distributors

2.2%

HK Market


1 Year Return

-17.8%

387

3.7%

HK Trade Distributors

-1.3%

HK Market

Return vs Industry: 387 underperformed the Hong Kong Trade Distributors industry which returned 3.7% over the past year.

Return vs Market: 387 underperformed the Hong Kong Market which returned -1.3% over the past year.


Share holder returns

387IndustryMarket
7 Day0%0.3%2.2%
30 Day-13.7%-16.0%-2.9%
90 Day-19.3%1.0%-5.8%
1 Year-16.0%-17.8%6.9%3.7%2.3%-1.3%
3 Year-36.3%-43.2%-14.1%-21.9%15.6%3.9%
5 Year13.1%-7.4%-45.5%-56.4%20.1%0.06%

Price Volatility Vs. Market

How volatile is Leeport (Holdings)'s share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Leeport (Holdings) undervalued based on future cash flows and its price relative to the stock market?

0.48x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

Undervalued: Insufficient data to calculate 387's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate 387's fair value to establish if it is undervalued.


Price Based on Earnings

PE vs Industry: 387 is unprofitable, so we can't compare its PE Ratio to the Trade Distributors industry average.

PE vs Market: 387 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.


Price Based on Expected Growth

Low PEG Ratio: Insufficient data to calculate 387's PEG Ratio to determine if it is good value.


Price Based on Value of Assets

PB vs Industry: 387 is good value based on its PB Ratio (0.5x) compared to the HK Trade Distributors industry average (0.6x).


Next Steps

Future Growth

How is Leeport (Holdings) expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

26.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: 387 is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: 387 is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: 387 is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: Insufficient data to determine if 387's revenue is forecast to grow faster than the Hong Kong market.

High Growth Revenue: Insufficient data to determine if 387's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Estimates


Future Return on Equity

High Future ROE: Insufficient data to determine if 387's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Leeport (Holdings) performed over the past 5 years?

-6.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 387 is unprofitable, and losses have increased over the past 5 years at a rate of -6.3% per year.

Accelerating Growth: Unable to compare 387's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 387 is unprofitable, making it difficult to compare its past year earnings growth to the Trade Distributors industry (1%).


Return on Equity

High ROE: 387 has a negative Return on Equity (-1.18%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: 387 is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: 387 is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Leeport (Holdings)'s financial position?


Financial Position Analysis

Short Term Liabilities: 387's short term assets (HK$413.5M) do not cover its short term liabilities (HK$442.7M)

Long Term Liabilities: 387's short term assets (413.5M) exceeds its long term liabilities (41.3M)


Debt to Equity History and Analysis

Debt Level: 387's debt to equity ratio (53.2%) is considered high

Reducing Debt: 387's debt to equity ratio has increased from 43.1% to 53.2% over the past 5 years.

Debt Coverage: 387's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if 387's interest payments on its debt are well covered by EBIT.


Balance Sheet

Inventory Level: 387 has a high level of physical assets or inventory.

Debt Coverage by Assets: 387's debt is covered by short term assets (assets are 1.843680x debt).


Next Steps

Dividend

What is Leeport (Holdings)'s current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%2.3%markettop25%6.3%industryaverage4.7%forecastin3Yearsn/a

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: Unable to evaluate 387's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 387's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if 387's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 387's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 387 is not paying a notable dividend for .


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 387's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

What is the CEO of Leeport (Holdings)'s salary, the management and board of directors tenure and is there insider trading?

4.8yrs

Average board tenure


CEO

Joseph Lee (75yo)

0yrs

Tenure

HK$3,660,000

Compensation

Mr. Sou Leung Lee, also known as Joseph, founded Leeport (Holdings) Limited and serves as its Chairman Chief Executive Officer and Managing Director. Mr. Lee is responsible for the strategic planning, busi ...


CEO Compensation Analysis

Compensation vs. Market: Joseph's total compensation ($USD466.60K) is above average for companies of similar size in the Hong Kong market ($USD211.63K).

Compensation vs Earnings: Joseph's compensation has increased whilst the company is unprofitable.


Board Age and Tenure

4.8yrs

Average Tenure

63yo

Average Age

Experienced Board: 387's board of directors are considered experienced (4.8 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

SellHK$58,08029 Apr 19
Ching Chan
EntityIndividual
Role
Member of the Board of Directors
CFO, Company Secretary & Executive Director
Shares48,000
Max PriceHK$1.21
SellHK$4,96012 Apr 19
Ching Chan
EntityIndividual
Role
Member of the Board of Directors
CFO, Company Secretary & Executive Director
Shares4,000
Max PriceHK$1.24
BuyHK$114,84005 Dec 18
Sou Lee
EntityIndividual
Role
Chief Executive Officer
Founder
Shares100,000
Max PriceHK$1.15
BuyHK$116,80020 Nov 18
Sou Lee
EntityIndividual
Role
Chief Executive Officer
Founder
Shares100,000
Max PriceHK$1.17
BuyHK$75,60316 Nov 18
Sou Lee
EntityIndividual
Role
Chief Executive Officer
Founder
Shares68,000
Max PriceHK$1.11
BuyHK$147,91716 Nov 18
Sou Lee
EntityIndividual
Role
Chief Executive Officer
Founder
Shares128,000
Max PriceHK$1.16

Ownership Breakdown


Management Team

  • Joseph Lee (75yo)

    Founder

    • Tenure: 0yrs
    • Compensation: HK$3.66m
  • Stanley Chan (61yo)

    CFO, Company Secretary & Executive Director

    • Tenure: 16.6yrs
    • Compensation: HK$1.71m
  • Michael Wong (54yo)

    MD - Metalcutting Machinery Division & Executive Director

    • Tenure: 6.8yrs
    • Compensation: HK$1.43m
  • Karman Chu (47yo)

    Financial Controller

    • Tenure: 0yrs
  • Weiman Chu (61yo)

    Executive Director

    • Tenure: 4.7yrs
    • Compensation: HK$1.89m

Board Members

  • Wai Fung (66yo)

    Independent Non-Executive Director

    • Tenure: 0.8yrs
  • Joseph Lee (75yo)

    Founder

    • Tenure: 0yrs
    • Compensation: HK$3.66m
  • Stanley Chan (61yo)

    CFO, Company Secretary & Executive Director

    • Tenure: 16.6yrs
    • Compensation: HK$1.71m
  • Michael Wong (54yo)

    MD - Metalcutting Machinery Division & Executive Director

    • Tenure: 6.8yrs
    • Compensation: HK$1.43m
  • Samuel Zavatti (72yo)

    Independent Non-Executive Director

    • Tenure: 5yrs
    • Compensation: HK$150.00k
  • Weiman Chu (61yo)

    Executive Director

    • Tenure: 4.7yrs
    • Compensation: HK$1.89m
  • Frederick Wong (63yo)

    Independent Non-Executive Director

    • Tenure: 0.8yrs

Company Information

Leeport (Holdings) Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Leeport (Holdings) Limited
  • Ticker: 387
  • Exchange: SEHK
  • Founded: 1967
  • Industry: Trading Companies and Distributors
  • Sector: Capital Goods
  • Market Cap: HK$202.467m
  • Shares outstanding: 230.08m
  • Website: https://www.leeport.com.hk

Number of Employees


Location

  • Leeport (Holdings) Limited
  • Golden Dragon Industrial Centre
  • Block 1
  • Kwai Chung
  • New Territories
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
387SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJul 2003

Biography

Leeport (Holdings) Limited, an investment holding company, imports and distributes equipment and precision tools for the manufacturing industry primarily in the People’s Republic of China, Hong Kong, and i ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/13 12:45
End of Day Share Price2019/10/11 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.

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