SEHK:1841

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Flawless balance sheet and slightly overvalued.

Risks

  • A.Plus Group Holdings has significant price volatility in the past 3 months.
  • A.Plus Group Holdings is not covered by any analysts.

Share Price & News

How has A.Plus Group Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-7.9%

SEHK:1841

4.4%

HK Commercial Services

1.9%

HK Market


1 Year Return

-17.1%

SEHK:1841

0.04%

HK Commercial Services

-10.4%

HK Market

1841 underperformed the Commercial Services industry which returned -1.1% over the past year.

1841 underperformed the Market in Hong Kong which returned -10.5% over the past year.


Share holder returns

1841IndustryMarket
7 Day-7.9%4.4%1.9%
30 Day-22.7%-3.0%-7.5%
90 Day-31.8%8.1%-4.4%
1 Year-2.3%-17.1%2.3%0.04%-7.2%-10.4%
3 Year42.5%20.8%-30.8%-35.7%15.3%3.9%
5 Yearn/a-38.2%-44.6%10.1%-8.1%

Price Volatility Vs. Market

How volatile is A.Plus Group Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is A.Plus Group Holdings undervalued based on future cash flows and its price relative to the stock market?

8.37x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

A.Plus Group Holdings's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

A.Plus Group Holdings's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

A.Plus Group Holdings is good value based on earnings compared to the HK Commercial Services industry average.

A.Plus Group Holdings is good value based on earnings compared to the Hong Kong market.


Price Based on Expected Growth

Unable to calculate PEG ratio for A.Plus Group Holdings, we can't assess if its growth is good value.


Price Based on Value of Assets

A.Plus Group Holdings is overvalued based on assets compared to the HK Commercial Services industry average.


Next Steps

Future Growth

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

-4.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if A.Plus Group Holdings is high growth as no revenue estimate data is available.

A.Plus Group Holdings's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.

Unable to compare A.Plus Group Holdings's revenue growth to the Hong Kong market average as no estimate data is available.

A.Plus Group Holdings's earnings are expected to decrease over the next 1-3 years, this is below the Hong Kong market average.

A.Plus Group Holdings's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if A.Plus Group Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

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

25.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

A.Plus Group Holdings has delivered over 20% year on year earnings growth in the past 5 years.

A.Plus Group Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.

A.Plus Group Holdings's 1-year earnings growth is negative, it can't be compared to the HK Commercial Services industry average.


Return on Equity

A.Plus Group Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

A.Plus Group Holdings used its assets more efficiently than the HK Commercial Services industry average last year based on Return on Assets.


Return on Capital Employed

A.Plus Group Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

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


Financial Position Analysis

A.Plus Group Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

A.Plus Group Holdings's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

A.Plus Group Holdings has no debt.

A.Plus Group Holdings has no debt compared to 5 years ago when it was 3.1%.

A.Plus Group Holdings has no debt, it does not need to be covered by operating cash flow.

A.Plus Group Holdings has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Low level of unsold assets.

A.Plus Group Holdings has no debt, it does not need to be covered by short term assets.


Next Steps

Dividend

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

4.31%

Current Dividend Yield


Dividend Yield and Payments Analysis

A.Plus Group Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.24%).

A.Plus Group Holdings's dividend is below the markets top 25% of dividend payers in Hong Kong (6.19%).

It is too early to tell whether A.Plus Group Holdings has stable dividend payments.

A.Plus Group Holdings only just started paying a dividend, it is too early to tell if payments are increasing.


Current Payout to Shareholders

Dividends paid are well covered by earnings (2.8x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of A.Plus Group Holdings's salary, the management and board of directors tenure and is there insider trading?

3.8yrs

Average management tenure


CEO

Wing Kong Fong (52yo)

2.0yrs

Tenure

HK$2,023,000

Compensation

Mr. Wing Kong Fong has been the Chief Executive Officer of A.Plus Group Holdings Limited since August 10, 2017 chief financial officer since March 23, 2016, Compliance officer since July 8, 2015 and as its ...


CEO Compensation Analysis

Wing Kong's remuneration is about average for companies of similar size in Hong Kong.

Wing Kong's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Management Age and Tenure

3.8yrs

Average Tenure

47yo

Average Age

The tenure for the A.Plus Group Holdings management team is about average.


Board Age and Tenure

3.4yrs

Average Tenure

51yo

Average Age

The tenure for the A.Plus Group Holdings board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

BuyHK$8,927,02322 Feb 19
SHK Hong Kong Industries Limited
EntityCompany
Shares9,920,000
Max PriceHK$0.90

Ownership Breakdown


Management Team

  • Kim Wan Lam (53yo)

    Chairman

    • Tenure: 3.4yrs
    • Compensation: HK$2.02m
  • Wing Kong Fong (52yo)

    CEO, CFO

    • Tenure: 2.0yrs
    • Compensation: HK$2.02m
  • Boon Yew Lim (44yo)

    GM, Head of Sales & Marketing and Director - API

    • Tenure: 7.6yrs
  • Li Yen Chiu (47yo)

    Chief Information Officer

    • Tenure: 4.6yrs
  • Chun Wai Wun (38yo)

    Company Secretary & Financial Controller

    • Tenure: 3.0yrs

Board Members

  • Siu Hong Leung (43yo)

    Independent Non-Executive Director

    • Tenure: 3.4yrs
    • Compensation: HK$120.00k
  • Tak On Sze (49yo)

    Independent Non-Executive Director

    • Tenure: 3.4yrs
    • Compensation: HK$120.00k
  • Bonaventure Yue (51yo)

    Independent Non-Executive Director

    • Tenure: 3.4yrs
    • Compensation: HK$120.00k
  • Kim Wan Lam (53yo)

    Chairman

    • Tenure: 3.4yrs
    • Compensation: HK$2.02m
  • Wing Kong Fong (52yo)

    CEO, CFO

    • Tenure: 2.0yrs
    • Compensation: HK$2.02m

Company Information

A.Plus Group Holdings Limited's company bio, 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
  • Market Cap: HK$232.000m
  • 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

Biography

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 d ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/24 13:10
End of Day Share Price2019/08/23 00:00
Earnings2019/03/31
Annual Earnings2019/03/31


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.