Ares Asia Limited engages in the coal trading business.
Price History & Performance
|Historical stock prices|
|Current Share Price||HK$0.26|
|52 Week High||HK$0.25|
|52 Week Low||HK$0.35|
|1 Month Change||0%|
|3 Month Change||0%|
|1 Year Change||-13.33%|
|3 Year Change||-70.12%|
|5 Year Change||-80.88%|
|Change since IPO||-97.17%|
Recent News & Updates
Our Take On Ares Asia's (HKG:645) CEO Salary
Woraphanit Ruayrungruang became the CEO of Ares Asia Limited ( HKG:645 ) in 2018, and we think it's a good time to look...
Is Ares Asia (HKG:645) Using Too Much Debt?
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Need To Know: Ares Asia Limited (HKG:645) Insiders Have Been Buying Shares
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. On...
|645||HK Trade Distributors||HK Market|
Return vs Industry: 645 underperformed the Hong Kong Trade Distributors industry which returned 44.4% over the past year.
Return vs Market: 645 underperformed the Hong Kong Market which returned 9.1% over the past year.
Stable Share Price: Insufficient data to determine 645's volatility over the past 3 months.
Volatility Over Time: Insufficient data to determine 645's volatility change over the past year.
About the Company
Ares Asia Limited engages in the coal trading business. It primarily sells thermal coal purchased from various countries to the People’s Republic of China. The company was formerly known as KTP Holdings Limited and changed its name to Ares Asia Limited in April 2012.
Ares Asia Fundamentals Summary
|645 fundamental statistics|
Is 645 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|645 income statement (TTM)|
|Cost of Revenue||US$87.14m|
Last Reported Earnings
Sep 30, 2020
Next Earnings Date
|Earnings per share (EPS)||-0.002|
|Net Profit Margin||-1.15%|
How did 645 perform over the long term?See historical performance and comparison
Is Ares Asia undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 645 (HK$0.26) is trading below our estimate of fair value (HK$16.78)
Significantly Below Fair Value: 645 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 645 is unprofitable, so we can't compare its PE Ratio to the Hong Kong Trade Distributors industry average.
PE vs Market: 645 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 645's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 645 is overvalued based on its PB Ratio (1.3x) compared to the HK Trade Distributors industry average (0.7x).
How is Ares Asia forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Capital Goods industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Ares Asia has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
How has Ares Asia performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 645 is currently unprofitable.
Growing Profit Margin: 645 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: 645 is unprofitable, but has reduced losses over the past 5 years at a rate of 50.9% per year.
Accelerating Growth: Unable to compare 645's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: 645 is unprofitable, making it difficult to compare its past year earnings growth to the Trade Distributors industry (18.7%).
Return on Equity
High ROE: 645 has a negative Return on Equity (-7.79%), as it is currently unprofitable.
How is Ares Asia's financial position?
Financial Position Analysis
Short Term Liabilities: 645's short term assets ($28.0M) exceed its short term liabilities ($15.1M).
Long Term Liabilities: 645 has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: 645's debt to equity ratio (85.2%) is considered high.
Reducing Debt: 645's debt to equity ratio has increased from 0.8% to 85.2% over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Insufficient data to determine if 645 has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if 645 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
What is Ares Asia current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate 645's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate 645's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if 645's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 645's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 645's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Woraphanit Ruayrungruang (31 yo)
Ms. Woraphanit Ruayrungruang has been Chairlady, Chief Executive Officer and Executive Director of Ares Asia Ltd since January 5, 2018. Ms. Ruayrungruang is currently a director of several subsidiaries of...
CEO Compensation Analysis
Compensation vs Market: Woraphanit's total compensation ($USD101.00K) is below average for companies of similar size in the Hong Kong market ($USD229.36K).
Compensation vs Earnings: Woraphanit's compensation has been consistent with company performance over the past year.
Experienced Management: 645's management team is seasoned and experienced (5.6 years average tenure).
Experienced Board: 645's board of directors are considered experienced (7.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Ares Asia Limited's employee growth, exchange listings and data sources
- Name: Ares Asia Limited
- Ticker: 645
- Exchange: SEHK
- Founded: 1993
- Industry: Trading Companies and Distributors
- Sector: Capital Goods
- Market Cap: HK$133.426m
- Shares outstanding: 513.18m
- Website: https://www.aresasialtd.com
Number of Employees
- Ares Asia Limited
- International Commerce Centre
- Unit No. 9608
- Hong Kong
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/27 10:05|
|End of Day Share Price||2021/06/30 00:00|
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.