Guoco Group
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Guoco Group Limited, an investment holding company, engages in the investment, property development and investment, hospitality and leisure, financial service, and oil and gas businesses. The last earnings update was 124 days ago. More info.
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53 Share Price and Events
7 Day Returns
1 Year Returns
53 Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Guoco Group (53) | 1.4% | 3.4% | 10.4% | -4.1% | 42% | 27.8% |
| HK Industrials | -1.9% | 1.9% | -9% | -6.2% | -4.9% | -29.2% |
| HK Market | -1.1% | 3.4% | -7.7% | -6.5% | 17.4% | 4.2% |
1 Year Return vs Industry and Market
- 53 outperformed the Industrials industry which returned -6.2% over the past year.
- 53 outperformed the Market in Hong Kong which returned -6.5% over the past year.
53 Value
Is Guoco Group 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
Guoco Group
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Guoco Group.
| 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 | 10.8% |
| 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.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year HK Govt Bond Rate | 2% |
| Equity Risk Premium | S&P Global | 6.7% |
| Industrials Unlevered Beta | Simply Wall St/ S&P Global | 0.89 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.889 (1 + (1- 25%) (90.43%)) |
1.329 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.33 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.329 * 6.65%) |
10.84% |
Discounted Cash Flow Calculation for SEHK:53 using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Guoco Group 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.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 10.84%) |
|
|---|---|---|---|
| 2020 | 607.53 | Est @ -11.02% | 548.11 |
| 2021 | 564.32 | Est @ -7.11% | 459.32 |
| 2022 | 539.61 | Est @ -4.38% | 396.25 |
| 2023 | 526.31 | Est @ -2.46% | 348.69 |
| 2024 | 520.40 | Est @ -1.12% | 311.05 |
| 2025 | 519.43 | Est @ -0.19% | 280.10 |
| 2026 | 521.87 | Est @ 0.47% | 253.89 |
| 2027 | 526.73 | Est @ 0.93% | 231.19 |
| 2028 | 533.33 | Est @ 1.25% | 211.19 |
| 2029 | 541.20 | Est @ 1.48% | 193.35 |
| Present value of next 10 years cash flows | $3,233.14 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2029
× (1 + g) ÷ (Discount Rate – g)
= $541.20 × (1 + 2%) ÷ (10.84% – 2%) |
$6,245.98 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $6,245.98 ÷ (1 + 10.84%)10 |
$2,231.41 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $3,233.14 + $2,231.41 |
$5,464.56 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $5,464.56 / 329.05 |
$16.61 |
| Calculation | Result | |
|---|---|---|
| Exchange Rate | USD/HKD
(Reporting currency to currency of SEHK:53) |
7.824 |
| Value per Share (HKD) |
= Value per Share in USD x Exchange Rate (USD/HKD)
= $16.61 x 7.824 |
HK$129.93 |
| Value per share (HKD) | From above. | HK$129.93 |
| Current discount | Discount to share price of
HK$122.00
= -1 x (HK$122.00 - HK$129.93) / HK$129.93 |
6.1% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Guoco Group's share price is below the future cash flow value, but not at a moderate discount (< 20%).
- Guoco Group'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 Guoco Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Guoco Group's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in USD | $0.51 |
| SEHK:53 Share Price ** | SEHK (2019-07-12) in HKD | HK$122 |
| SEHK:53 Share Price converted to USD reporting currency | Exchange rate (HKD/ USD) 0.128 | $15.59 |
| Hong Kong Industrials Industry PE Ratio | Median Figure of 12 Publicly-Listed Industrials Companies | 6.89x |
| Hong Kong Market PE Ratio | Median Figure of 1,503 Publicly-Listed Companies | 10.71x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Guoco Group.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = SEHK:53 Share Price ÷ EPS (both in USD) = 15.59 ÷ 0.51 |
30.87x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Guoco Group is overvalued based on earnings compared to the HK Industrials industry average.
- Guoco Group is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does
Guoco Group's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 30.87x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts |
18.5%per year |
| Hong Kong Industrials Industry PEG Ratio | Median Figure of 6 Publicly-Listed Industrials Companies | 1.07x |
| Hong Kong Market PEG Ratio | Median Figure of 477 Publicly-Listed Companies | 0.79x |
*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 Guoco Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Guoco Group's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in USD | $23.49 |
| SEHK:53 Share Price * | SEHK (2019-07-12) in HKD | HK$122 |
| SEHK:53 Share Price converted to USD reporting currency | Exchange rate (HKD/ USD) 0.128 | $15.59 |
| Hong Kong Industrials Industry PB Ratio | Median Figure of 14 Publicly-Listed Industrials Companies | 0.6x |
| Hong Kong Market PB Ratio | Median Figure of 2,190 Publicly-Listed Companies | 0.92x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = SEHK:53 Share Price ÷ Book Value per Share (both in USD) = 15.59 ÷ 23.49 |
0.66x |
* Primary Listing of Guoco Group.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Guoco Group is overvalued based on assets compared to the HK Industrials industry average.
Value checks
We assess Guoco Group's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Industrials industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Industrials industry average (and greater than 0)? (1 check) Guoco Group has a total score of 0/6, 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.
53 Future Performance
How is Guoco Group expected to perform in the next 1 to 3 years based on estimates from 0 analysts?
- No analysts cover Guoco Group, 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!
Earnings growth vs Low Risk Savings
- Guoco Group's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
- Guoco Group's earnings growth is expected to exceed the Hong Kong market average.
- Unable to compare Guoco Group's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| SEHK:53 Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts | 18.5% |
| Hong Kong Industrials Industry Earnings Growth Rate | Market Cap Weighted Average | 5.3% |
| Hong Kong Industrials Industry Revenue Growth Rate | Market Cap Weighted Average | 7.5% |
| Hong Kong Market Earnings Growth Rate | Market Cap Weighted Average | 11.2% |
| Hong Kong Market Revenue Growth Rate | Market Cap Weighted Average | 10.2% |
*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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (6 months ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 2,012 | 789 | 164 |
| 2018-09-30 | 2,958 | 602 | 394 |
| 2018-06-30 | 3,905 | 415 | 624 |
| 2018-03-31 | 3,892 | 713 | 744 |
| 2017-12-31 | 3,880 | 1,011 | 864 |
| 2017-09-30 | 2,834 | 935 | 824 |
| 2017-06-30 | 1,789 | 860 | 785 |
| 2017-03-31 | 1,790 | 241 | 625 |
| 2016-12-31 | 1,792 | -379 | 465 |
| 2016-09-30 | 2,008 | -190 | 432 |
| 2016-06-30 | 2,224 | -2 | 398 |
| 2016-03-31 | 2,581 | 521 | 556 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (6 months ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
All data from Guoco Group Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-12-31 | 0.51 |
| 2018-09-30 | 1.21 |
| 2018-06-30 | 1.92 |
| 2018-03-31 | 2.29 |
| 2017-12-31 | 2.66 |
| 2017-09-30 | 2.54 |
| 2017-06-30 | 2.41 |
| 2017-03-31 | 1.92 |
| 2016-12-31 | 1.43 |
| 2016-09-30 | 1.33 |
| 2016-06-30 | 1.22 |
| 2016-03-31 | 1.71 |
*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 Guoco Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess Guoco Group's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Guoco Group has a total score of 2/6, 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.
53 Past Performance
How has Guoco Group 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
Past Earnings growth analysis
- Guoco Group's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
- Guoco Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Guoco Group's 1-year earnings growth is negative, it can't be compared to the HK Industrials industry average.
Earnings and Revenue History
All data from Guoco Group Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 2,011.74 | 164.21 | 587.99 | |
| 2018-09-30 | 2,958.24 | 394.25 | 602.16 | |
| 2018-06-30 | 3,904.74 | 624.30 | 616.33 | |
| 2018-03-31 | 3,892.37 | 744.25 | 596.28 | |
| 2017-12-31 | 3,880.01 | 864.21 | 576.24 | |
| 2017-09-30 | 2,834.26 | 824.42 | 561.07 | |
| 2017-06-30 | 1,788.51 | 784.64 | 545.89 | |
| 2017-03-31 | 1,790.04 | 624.95 | 549.23 | |
| 2016-12-31 | 1,791.57 | 465.27 | 552.58 | |
| 2016-09-30 | 2,008.00 | 431.62 | 576.53 | |
| 2016-06-30 | 2,224.43 | 397.97 | 600.48 | |
| 2016-03-31 | 2,580.84 | 555.97 | 626.11 | |
| 2015-12-31 | 2,937.25 | 713.97 | 651.74 | |
| 2015-09-30 | 2,871.34 | 655.28 | 660.96 | |
| 2015-06-30 | 2,805.44 | 596.59 | 670.18 | |
| 2015-03-31 | 2,847.47 | 548.94 | 690.59 | |
| 2014-12-31 | 2,889.50 | 501.29 | 710.99 | |
| 2014-09-30 | 2,820.30 | 621.72 | 723.46 | |
| 2014-06-30 | 2,751.10 | 742.15 | 735.93 | |
| 2014-03-31 | 2,580.17 | 785.91 | 715.14 | |
| 2013-12-31 | 2,409.24 | 829.68 | 694.35 | |
| 2013-09-30 | 2,302.36 | 820.70 | 671.98 | |
| 2013-06-30 | 2,195.48 | 811.73 | 649.61 | |
| 2013-03-31 | 1,944.59 | 705.40 | 630.99 | |
| 2012-12-31 | 1,693.69 | 599.07 | 612.38 | |
| 2012-09-30 | 1,669.23 | 216.13 | 600.92 |
*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.
- Guoco Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Guoco Group used its assets less efficiently than the HK Industrials industry average last year based on Return on Assets.
- Guoco Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Guoco Group's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Industrials industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Guoco Group 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.
53 Health
How is Guoco Group'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 Guoco Group's finances.
The net worth of a company is the difference between its assets and liabilities.
- Guoco Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Guoco Group's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Debt is covered by short term assets, assets are 1.4x 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.
All data from Guoco Group Company Filings, last reported 6 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 10,094.20 | 4,640.08 | 3,947.18 |
| 2018-09-30 | 10,094.20 | 4,640.08 | 3,947.18 |
| 2018-06-30 | 10,786.77 | 4,803.24 | 4,179.10 |
| 2018-03-31 | 10,786.77 | 4,803.24 | 4,179.10 |
| 2017-12-31 | 10,560.60 | 4,482.27 | 4,525.81 |
| 2017-09-30 | 10,560.60 | 4,482.27 | 4,525.81 |
| 2017-06-30 | 9,905.89 | 4,768.77 | 4,701.85 |
| 2017-03-31 | 9,905.89 | 4,768.77 | 4,701.85 |
| 2016-12-31 | 8,927.23 | 4,816.40 | 4,455.81 |
| 2016-09-30 | 8,927.23 | 4,816.40 | 4,455.81 |
| 2016-06-30 | 9,080.64 | 4,457.68 | 4,184.96 |
| 2016-03-31 | 9,080.64 | 4,457.68 | 4,184.96 |
| 2015-12-31 | 9,089.83 | 4,721.56 | 4,494.93 |
| 2015-09-30 | 9,089.83 | 4,721.56 | 4,494.93 |
| 2015-06-30 | 9,457.92 | 5,693.56 | 3,352.05 |
| 2015-03-31 | 9,457.92 | 5,693.56 | 3,352.05 |
| 2014-12-31 | 9,022.63 | 6,381.46 | 3,781.63 |
| 2014-09-30 | 9,022.63 | 6,381.46 | 3,781.63 |
| 2014-06-30 | 9,168.10 | 6,268.69 | 3,714.57 |
| 2014-03-31 | 9,168.10 | 6,268.69 | 3,714.57 |
| 2013-12-31 | 8,828.92 | 6,573.58 | 3,842.96 |
| 2013-09-30 | 8,828.92 | 6,573.58 | 3,842.96 |
| 2013-06-30 | 8,055.53 | 6,459.98 | 3,321.60 |
| 2013-03-31 | 8,055.53 | 6,459.98 | 3,321.60 |
| 2012-12-31 | 7,702.48 | 6,225.28 | 2,925.10 |
| 2012-09-30 | 7,702.48 | 6,225.28 | 2,925.10 |
- Guoco Group's level of debt (46%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (74.4% vs 46% today).
- Debt is not well covered by operating cash flow (17%, less than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 4.7x coverage).
Financial health checks
We assess Guoco Group's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Guoco Group has a total score of 4/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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.
53 Dividends
What is Guoco Group'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
If you bought
HK$2,000 of
Guoco Group
shares you are expected to receive
HK$65
in your first year as a dividend.
Dividend Amount
- Guoco Group's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.08%).
- Guoco Group's dividend is below the markets top 25% of dividend payers in Hong Kong (5.73%).
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.
| 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 Industrials Industry Average Dividend Yield | Market Cap Weighted Average of 10 Stocks | 4% |
| Hong Kong Market Average Dividend Yield | Market Cap Weighted Average of 978 Stocks | 3.6% |
| Hong Kong Minimum Threshold Dividend Yield | 10th Percentile | 1.2% |
| Hong Kong Bottom 25% Dividend Yield | 25th Percentile | 2.1% |
| Hong Kong Top 25% Dividend Yield | 75th Percentile | 5.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2018-11-13 | 0.510 | 3.725 |
| 2017-10-12 | 0.510 | 3.474 |
| 2017-08-29 | 0.511 | 3.660 |
| 2016-11-21 | 0.511 | 4.466 |
| 2015-11-24 | 0.511 | 4.731 |
| 2014-10-09 | 0.772 | 6.584 |
| 2014-08-29 | 0.773 | 6.186 |
| 2014-03-18 | 0.258 | 2.111 |
| 2014-02-27 | 0.258 | 2.131 |
| 2013-10-09 | 0.193 | 1.572 |
| 2013-08-30 | 0.193 | 1.609 |
| 2013-03-07 | 0.000 | 0.000 |
| 2013-02-21 | 0.000 | 0.000 |
| 2012-08-30 | 0.284 | 2.830 |
| 2012-02-29 | 0.348 | 4.237 |
| 2011-08-30 | 0.410 | 4.181 |
| 2011-03-01 | 0.384 | 3.169 |
| 2010-09-20 | 0.360 | 2.909 |
| 2010-08-27 | 0.360 | 3.535 |
| 2010-03-01 | 0.295 | 2.906 |
| 2009-08-28 | 0.257 | 2.410 |
| 2009-02-17 | 0.451 | 6.191 |
| 2008-10-09 | 0.515 | 8.495 |
| 2008-09-08 | 0.513 | 5.695 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
- Dividends per share have fallen over the past 10 years.
Income/ dividend checks
We assess Guoco Group's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Guoco Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Guoco Group has a total score of 1/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
53 Management
CEO
| COMPENSATION | $3,425,000 |
| AGE | 64 |
| TENURE AS CEO | 2.8 years |
CEO Bio
Mr. Hong Cheong Tang has been the Chief Executive Officer and President at Guoco Group Limited since September 1, 2016. Mr. Tang has been Group Managing Director at GL Limited since September 15, 2016. He has over 40 years of broad-based and C-suite expertise in finance, treasury, risk management, operations and strategic planning. He possesses in-depth knowledge in investment, manufacturing, financial services, property development, gaming and hospitality industry. He served as the President of HL Management Co Sdn Bhd and also served as its Finance Director since 2005. He served as Group Managing Director of Nanyang Press Holdings Berhad. He has served in the Hong Leong Group of companies since 1976. He served as the Chairman of GLM REIT Management Sdn. Bhd. since August 2008 until September 1,2016. He served as a Director of GLM REIT Management Sdn Bhd since August 1, 2008 until September 1, 2016. He has been a Non-executive Director of Guoco Group Limited and Lam Soon Hong Kong Ltd. since September 1, 2016. He has been a Non-Independent Non-Executive Director of GuocoLand Limited (GLL) since September 1, 2016. He has been Non-Independent Executive Director at GL Limited since September 15, 2016. He serves as a Director of PJ City Development Sdn Bhd and PJ Corporate Park Sdn Bhd. He has been non-executive director of The Rank Group Plc since January 15, 2019. He served as a Non-Independent & Non-Executive Director of Southern Steel Berhad from January 15, 2010 to September 1, 2016. Mr. Tang obtained Fellowship of the Chartered Association of Certified Accountants, United Kingdom in 1975 and membership of the Institute of Chartered Secretaries and Administrators, United Kingdom in 1979. Mr. Tang is Member of Malaysian Institute of Accountants.
CEO Compensation
- Hong Cheong's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
- Hong Cheong's remuneration is higher than average for companies of similar size in Hong Kong.
Management Team
Leng Hai Kwek
Executive Chairman
$6M
66
Hong Cheong Tang
President
$3M
64
2.8 yrs
Richard Mak
Group Financial Controller
Stella Lo
Company Secretary
Board of Directors Tenure
Average tenure and age of the Guoco Group board of directors in years:
- The tenure for the Guoco Group board of directors is about average.
Board of Directors
Leng Hai Kwek
Executive Chairman
$6M
66
2.8 yrs
Hong Cheong Tang
President
$3M
64
2.8 yrs
Volker Stoeckel
Independent Non-Executive Director
$59K
74
15.2 yrs
Roddy Sage
Independent Non-Executive Director
$61K
67
9.8 yrs
Leng San Kwek
Non-Executive Director
64
29.5 yrs
David Norman
Independent Non-Executive Director
$52K
63
6 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (HK$) | Value (HK$) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Guoco Group's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Guoco Group 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.
53 News
Simply Wall St News
Why Guoco Group Limited’s (HKG:53) Return On Capital Employed Looks Uninspiring
Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Understanding Return On Capital Employed (ROCE). … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.
Simply Wall St - – Full articleHow Has Guoco Group Limited's (HKG:53) Earnings Fared Against The Long Term Trend
Understanding how Guoco Group Limited (HKG:53) is performing as a company requires looking at more than just a years' earnings. … Today I will run you through a basic sense check to gain perspective on how Guoco Group is doing by comparing its latest earnings with its long-term trend as well as the performance of its industrials industry peers. … See our latest analysis for Guoco Group.
Simply Wall St - – Full articleWhy Guoco Group Limited (HKG:53) Is A Buy When Markets Go Down
High quality companies, such as Guoco Group Limited, are impacted by general market panic and sell-off, but the fundamentals of these companies stay the same. … See our latest analysis for Guoco Group. … Guoco Group Limited, an investment holding company, engages in the investment, property development and investment, hospitality and leisure, financial service, and oil and gas businesses.
Simply Wall St - – Full articleIs Guoco Group Limited (HKG:53) Potentially Underrated?
In the case of Guoco Group Limited (HKG:53), there's. … Below is a brief commentary on these key aspects … If you're interested in understanding beyond my high-level commentary,
Simply Wall St - – Full articleIs Buying Guoco Group Limited (HKG:53) For Its Upcoming $1 Dividend A Good Choice?
View our latest analysis for Guoco Group 5 checks you should use to assess a dividend stock When researching a dividend stock, I always follow the following screening criteria: Is their annual yield among the top 25% of dividend payers? … SEHK:53 Historical Dividend Yield Mar 10th 18 How well does Guoco Group fit our criteria? … If dividend is a key criteria in your investment consideration, then you need to make sure the dividend stock you're eyeing out is reliable in its payments.
Simply Wall St - – Full article53 Company Info
Description
Guoco Group Limited, an investment holding company, engages in the investment, property development and investment, hospitality and leisure, financial service, and oil and gas businesses. Its Principal Investment segment is involved in the equity and direct investment activities; and treasury operations with trading and strategic investments in global capital markets. The company's Property Development and Investment segment develops residential and commercial properties; and holds properties for rental income. Its Hospitality and Leisure Business segment owns, leases, or manages hotels; and operates gaming and leisure businesses. This segment owns and operates 17 hotels under the Clermont, Amba, every, Thistle, and Thistle Express brands. It also operates Clermont Club in London; Mecca, a bingo operator in Great Britain with 90 clubs, as well as a digital business offering online and mobile bingo; Grosvenor Casinos, a casino operator with 58 casinos in Great Britain, and 2 other casinos in Belgium, as well as an online and mobile casino business; and Enracha, an operator of 9 bingo clubs in Spain. The company's Financial Services segment provides commercial and consumer, Islamic, and investment banking, as well as life and general insurance, Takaful insurance, fund management and unit trust, stock broking, and corporate advisory services. Its Oil and Gas segment engages in the entitlement of Bass Strait’s oil and gas production. Guoco Group Limited engages in the provision of property management, marketing, and maintenance services; general management services; and support services for interactive gaming, as well as funding operations. It operates in the People’s Republic of China, the United Kingdom and Continental Europe, Singapore, Australasia, and internationally. The company is based in Central, Hong Kong. Guoco Group Limited is a subsidiary of GuoLine Overseas Limited.
Details
| Name: | Guoco Group Limited |
| 53 | |
| Exchange: | SEHK |
| Founded: | |
| HK$40,144,267,506 | |
| 329,051,373 | |
| Website: | http://www.guoco.com |
| Address: |
Guoco Group Limited The Center, 50th Floor, Central, Hong Kong |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| SEHK | 53 | Ordinary Shares | The Stock Exchange of Hong Kong Ltd. | HK | HKD | 02. Jan 1992 | |
| OTCPK | GULR.F | Ordinary Shares | Pink Sheets LLC | US | USD | 02. Jan 1992 | |
| OTCPK | GULR.Y | UNSPONSORD ADR | Pink Sheets LLC | US | USD | 05. Nov 2008 |
Number of employees
Current staff
Industry
| Industrial Conglomerates | |
| Capital Goods |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/07/15 12:43 |
| End of day share price update: | 2019/07/12 00:00 |
| Last estimates confirmation: | 2016/12/29 |
| Last earnings filing: | 2019/03/13 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/06/30 |
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.
