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1841

A.Plus Group Holdings SEHK:1841 Stock Report

Last Price

HK$0.55

Market Cap

HK$220.0m

7D

-1.8%

1Y

1.9%

Updated

23 Sep, 2022

Data

Company Financials
1841 fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance1/6
Financial Health6/6
Dividends2/6

1841 Stock Overview

A.Plus Group Holdings Limited, an investment holding company, provides financial printing services under the A.Plus brand in Hong Kong.

A.Plus Group Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for A.Plus Group Holdings
Historical stock prices
Current Share PriceHK$0.55
52 Week HighHK$0.59
52 Week LowHK$0.33
Beta0.46
1 Month Change3.77%
3 Month Change46.67%
1 Year Change1.85%
3 Year Change-5.17%
5 Year Change-11.29%
Change since IPO-15.38%

Recent News & Updates

Jun 23
A.Plus Group Holdings' (HKG:1841) Returns On Capital Not Reflecting Well On The Business

A.Plus Group Holdings' (HKG:1841) Returns On Capital Not Reflecting Well On The Business

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Ideally, a...

Shareholder Returns

1841HK Commercial ServicesHK Market
7D-1.8%-5.3%-2.7%
1Y1.9%-33.6%-24.5%

Return vs Industry: 1841 exceeded the Hong Kong Commercial Services industry which returned -33.6% over the past year.

Return vs Market: 1841 exceeded the Hong Kong Market which returned -24.5% over the past year.

Price Volatility

Is 1841's price volatile compared to industry and market?
1841 volatility
1841 Average Weekly Movement6.8%
Commercial Services Industry Average Movement7.6%
Market Average Movement6.4%
10% most volatile stocks in HK Market12.7%
10% least volatile stocks in HK Market3.1%

Stable Share Price: 1841 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: 1841's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
200287Wing Kong Fonghttps://www.aplusgp.com

A.Plus Group Holdings Limited, an investment holding company, provides financial printing services under the A.Plus brand in Hong Kong. It primarily offers typesetting, design, translation, printing, and delivery services related to financial reports, company announcements, shareholder circulars, debt offering circulars, IPO prospectuses, and fund documents. The company also provides other services, such as designing, production, and standalone translations of various types of reports, newsletters, leaflets, brochures, etc. A.Plus Group Holdings Limited was founded in 2002 and is headquartered in Sheung Wan, Hong Kong.

A.Plus Group Holdings Fundamentals Summary

How do A.Plus Group Holdings's earnings and revenue compare to its market cap?
1841 fundamental statistics
Market CapHK$220.00m
Earnings (TTM)HK$11.76m
Revenue (TTM)HK$127.74m

18.7x

P/E Ratio

1.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
1841 income statement (TTM)
RevenueHK$127.74m
Cost of RevenueHK$63.58m
Gross ProfitHK$64.16m
Other ExpensesHK$52.40m
EarningsHK$11.76m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.029
Gross Margin50.23%
Net Profit Margin9.20%
Debt/Equity Ratio0%

How did 1841 perform over the long term?

See historical performance and comparison

Dividends

20.0%

Current Dividend Yield

272%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 1841 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1841?

Other financial metrics that can be useful for relative valuation.

1841 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.2x
Enterprise Value/EBITDA8.8x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 1841's PE Ratio compare to its peers?

1841 PE Ratio vs Peers
The above table shows the PE ratio for 1841 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average35.1x
1540 Left Field Printing Group
14.4xn/aHK$224.4m
1008 Litu Holdings
40.7xn/aHK$376.3m
1884 eprint Group
73.5xn/aHK$156.8m
1631 REF Holdings
11.9xn/aHK$126.7m
1841 A.Plus Group Holdings
18.7xn/aHK$220.0m

Price-To-Earnings vs Peers: 1841 is good value based on its Price-To-Earnings Ratio (18.7x) compared to the peer average (35.1x).


Price to Earnings Ratio vs Industry

How does 1841's PE Ratio compare vs other companies in the HK Commercial Services Industry?

Price-To-Earnings vs Industry: 1841 is expensive based on its Price-To-Earnings Ratio (18.7x) compared to the Hong Kong Commercial Services industry average (7.8x)


Price to Earnings Ratio vs Fair Ratio

What is 1841's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

1841 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18.7x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 1841's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 1841 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 1841 (HK$0.55) is trading below our estimate of fair value (HK$2.35)

Significantly Below Fair Value: 1841 is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is A.Plus Group Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


15.2%

Forecasted Commercial Services 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 A.Plus Group Holdings 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.


Discover growth companies

  • Examine whether A.Plus Group Holdings is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • A.Plus Group Holdings competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has A.Plus Group Holdings performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-12.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 1841 has high quality earnings.

Growing Profit Margin: 1841's current net profit margins (9.2%) are lower than last year (20.5%).


Past Earnings Growth Analysis

Earnings Trend: 1841's earnings have declined by 12.7% per year over the past 5 years.

Accelerating Growth: 1841's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 1841 had negative earnings growth (-57.4%) over the past year, making it difficult to compare to the Commercial Services industry average (-26.7%).


Return on Equity

High ROE: 1841's Return on Equity (10.4%) is considered low.


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Financial Health

How is A.Plus Group Holdings's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 1841's short term assets (HK$117.8M) exceed its short term liabilities (HK$30.7M).

Long Term Liabilities: 1841's short term assets (HK$117.8M) exceed its long term liabilities (HK$2.1M).


Debt to Equity History and Analysis

Debt Level: 1841 is debt free.

Reducing Debt: 1841 has not had any debt for past 5 years.

Debt Coverage: 1841 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 1841 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is A.Plus Group Holdings's current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


20.00%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 1841's dividend (20%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.93%).

High Dividend: 1841's dividend (20%) is in the top 25% of dividend payers in the Hong Kong market (8.5%)


Stability and Growth of Payments

Stable Dividend: 1841 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 1841's dividend payments have increased, but the company has only paid a dividend for 4 years.


Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (272.2%), 1841's dividend payments are not well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (410.7%), 1841's dividend payments are not well covered by cash flows.


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Management

How experienced are the management team and are they aligned to shareholders interests?

7.4yrs

Average management tenure


CEO

Wing Kong Fong (55 yo)

7.17yrs

Tenure

HK$2,471,000

Compensation

Mr. Wing Kong Fong has been the Chief Executive Officer of A.Plus Group Holdings Limited since August 10, 2017 and serves as its Chief Financial Officer since March 23, 2016, Compliance officer since July...


CEO Compensation Analysis

Compensation vs Market: Wing Kong's total compensation ($USD314.80K) is above average for companies of similar size in the Hong Kong market ($USD241.60K).

Compensation vs Earnings: Wing Kong's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: 1841's management team is seasoned and experienced (7.4 years average tenure).


Board Members

Experienced Board: 1841's board of directors are considered experienced (6.5 years average tenure).


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 5 shareholders own 69.63% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
29.15%
Wing Kong Fong
116,580,000HK$64.1m0%no data
29.15%
Brilliant Ray Global Limited
116,580,000HK$64.1m0%no data
6%
Boon Yew Lim
24,000,000HK$13.2m0%no data
5.19%
SHK Hong Kong Industries Limited
20,770,000HK$11.4m0%14.16%
0.14%
Ming Wai Yue
580,000HK$319.0k0%no data

Company Information

A.Plus Group Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: A.Plus Group Holdings Limited
  • Ticker: 1841
  • Exchange: SEHK
  • Founded: 2002
  • Industry: Commercial Printing
  • Sector: Commercial Services
  • Implied Market Cap: HK$220.000m
  • Shares outstanding: 400.00m
  • Website: https://www.aplusgp.com

Number of Employees


Location

  • A.Plus Group Holdings Limited
  • 35-45B Bonham Strand
  • 2nd Floor
  • Sheung Wan
  • Hong Kong


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1841SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDApr 2016

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/23 00:00
End of Day Share Price2022/09/23 00:00
Earnings2022/03/31
Annual Earnings2022/03/31


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.