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Pan Asia Environmental Protection Group

SEHK:556
Snowflake Description

Adequate balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
556
SEHK
HK$773M
Market Cap
  1. Home
  2. HK
  3. Commercial Services
Company description

Pan Asia Environmental Protection Group Limited sells environmental protection (EP) products and equipment in the People’s Republic of China. The last earnings update was 28 days ago. More info.


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556 Share Price and Events
7 Day Returns
8.1%
SEHK:556
-3.5%
HK Commercial Services
-4.1%
HK Market
1 Year Returns
-38.4%
SEHK:556
-32.4%
HK Commercial Services
-17.2%
HK Market
556 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Pan Asia Environmental Protection Group (556) 8.1% -4.1% 6.9% -38.4% 4.5% -45.3%
HK Commercial Services -3.5% -7.8% -7.1% -32.4% -30.8% -38.8%
HK Market -4.1% -10.7% -8.4% -17.2% 20% 5.5%
1 Year Return vs Industry and Market
  • 556 underperformed the Commercial Services industry which returned -32.4% over the past year.
  • 556 underperformed the Market in Hong Kong which returned -17.2% over the past year.
Price Volatility
556
Industry
5yr Volatility vs Market

Value

 Is Pan Asia Environmental Protection 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 Pan Asia Environmental Protection 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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Pan Asia Environmental Protection Group.

SEHK:556 Discounted Cash Flow Data Sources
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 7.6%
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.

Calculation of Discount Rate/ Cost of Equity for SEHK:556
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6.7%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.718 (1 + (1- 25%) (7.06%))
0.837
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.84
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (0.837 * 6.65%)
7.57%

Discounted Cash Flow Calculation for SEHK:556 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Pan Asia Environmental Protection 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.

SEHK:556 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 7.57%)
2019 1,026.27 Est @ 81.77% 954.08
2020 1,619.84 Est @ 57.84% 1,399.97
2021 2,285.39 Est @ 41.09% 1,836.25
2022 2,956.42 Est @ 29.36% 2,208.32
2023 3,581.83 Est @ 21.15% 2,487.28
2024 4,133.75 Est @ 15.41% 2,668.63
2025 4,604.47 Est @ 11.39% 2,763.42
2026 4,999.16 Est @ 8.57% 2,789.26
2027 5,329.17 Est @ 6.6% 2,764.24
2028 5,607.44 Est @ 5.22% 2,703.99
Present value of next 10 years cash flows CN¥22,575.45
SEHK:556 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CN¥5,607.44 × (1 + 2%) ÷ (7.57% – 2%)
CN¥102,813.42
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥102,813.42 ÷ (1 + 7.57%)10
CN¥49,578.09
SEHK:556 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥22,575.45 + CN¥49,578.09
CN¥72,153.54
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥72,153.54 / 840.00
CN¥85.9
SEHK:556 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:556)
1.136
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥85.9 x 1.136
HK$97.56
Value per share (HKD) From above. HK$97.56
Current discount Discount to share price of HK$0.93
= -1 x (HK$0.93 - HK$97.56) / HK$97.56
99%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Pan Asia Environmental Protection Group is available for.
Intrinsic value
>50%
Share price is HK$0.93 vs Future cash flow value of HK$97.56
Current Discount Checks
For Pan Asia Environmental Protection Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Pan Asia Environmental Protection Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Pan Asia Environmental Protection Group's share price is below the future cash flow value, and 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 Pan Asia Environmental Protection Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Pan Asia Environmental Protection Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:556 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥-0.02
SEHK:556 Share Price ** SEHK (2019-05-24) in HKD HK$0.93
SEHK:556 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.88 CN¥0.82
Hong Kong Commercial Services Industry PE Ratio Median Figure of 50 Publicly-Listed Commercial Services Companies 13.53x
Hong Kong Market PE Ratio Median Figure of 1,478 Publicly-Listed Companies 10.96x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Pan Asia Environmental Protection Group.

SEHK:556 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:556 Share Price ÷ EPS (both in CNY)

= 0.82 ÷ -0.02

-39.64x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Pan Asia Environmental Protection Group is loss making, we can't compare its value to the HK Commercial Services industry average.
  • Pan Asia Environmental Protection Group is loss making, we can't compare the value of its earnings to the Hong Kong market.
Price based on expected Growth
Does Pan Asia Environmental Protection Group's expected growth come at a high price?
Raw Data
SEHK:556 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -39.64x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
35.1%per year
Hong Kong Commercial Services Industry PEG Ratio Median Figure of 8 Publicly-Listed Commercial Services Companies 0.68x
Hong Kong Market PEG Ratio Median Figure of 463 Publicly-Listed Companies 0.77x

*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 Pan Asia Environmental Protection Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Pan Asia Environmental Protection Group's assets?
Raw Data
SEHK:556 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥1.43
SEHK:556 Share Price * SEHK (2019-05-24) in HKD HK$0.93
SEHK:556 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.88 CN¥0.82
Hong Kong Commercial Services Industry PB Ratio Median Figure of 68 Publicly-Listed Commercial Services Companies 1.29x
Hong Kong Market PB Ratio Median Figure of 2,157 Publicly-Listed Companies 0.94x
SEHK:556 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:556 Share Price ÷ Book Value per Share (both in CNY)

= 0.82 ÷ 1.43

0.57x

* Primary Listing of Pan Asia Environmental Protection Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Pan Asia Environmental Protection Group is good value based on assets compared to the HK Commercial Services industry average.
X
Value checks
We assess Pan Asia Environmental Protection Group's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Commercial Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Commercial Services industry average (and greater than 0)? (1 check)
  5. Pan Asia Environmental Protection Group has a total score of 3/6, 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.

Future Performance

 How is Pan Asia Environmental Protection Group expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Pan Asia Environmental Protection 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!
Annual Growth Rate
35.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Pan Asia Environmental Protection Group expected to grow at an attractive rate?
  • Pan Asia Environmental Protection Group's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • Pan Asia Environmental Protection Group's earnings growth is expected to exceed the Hong Kong market average.
  • Unable to compare Pan Asia Environmental Protection Group's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:556 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:556 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 35.1%
Hong Kong Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 18.4%
Hong Kong Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 24.1%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.6%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.5%

*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
Raw Data
SEHK:556 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:556 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
SEHK:556 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 162 565 -17
2018-09-30 158 -41
2018-06-30 155 245 -64
2018-03-31 372 121 -14
2017-12-31 589 -3 36
2017-06-30 751 -271 113
2017-03-31 695 -99 85
2016-12-31 638 73 58
2016-09-30 896 58
2016-06-30 977 10 41
2016-03-31 1,023 -34 54

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Pan Asia Environmental Protection Group's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Pan Asia Environmental Protection Group is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SEHK:556 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Pan Asia Environmental Protection Group Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:556 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
SEHK:556 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 -0.02
2018-09-30 -0.05
2018-06-30 -0.08
2018-03-31 -0.02
2017-12-31 0.04
2017-06-30 0.13
2017-03-31 0.10
2016-12-31 0.07
2016-09-30 0.07
2016-06-30 0.05
2016-03-31 0.06

*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 Pan Asia Environmental Protection Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Pan Asia Environmental Protection Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Pan Asia Environmental Protection Group has a total score of 3/6, 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.

Past Performance

  How has Pan Asia Environmental Protection 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
Below we compare Pan Asia Environmental Protection Group's growth in the last year to its industry (Commercial Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Pan Asia Environmental Protection Group does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Pan Asia Environmental Protection Group's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Pan Asia Environmental Protection Group's 1-year growth to the HK Commercial Services industry average as it is not currently profitable.
Earnings and Revenue History
Pan Asia Environmental Protection Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Pan Asia Environmental Protection Group Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:556 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 162.19 -17.35 26.59
2018-09-30 158.42 -40.60 29.84
2018-06-30 154.65 -63.85 33.08
2018-03-31 371.60 -13.87 32.40
2017-12-31 588.55 36.10 31.71
2017-06-30 751.30 112.63 8.67
2017-03-31 694.58 85.16 21.05
2016-12-31 637.85 57.68 33.44
2016-09-30 895.59 58.07 89.70
2016-06-30 976.83 40.70 100.09
2016-03-31 1,022.71 53.76 103.84
2015-12-31 1,068.59 66.82 107.60
2015-06-30 816.20 59.99 81.84
2015-03-31 696.87 49.79 70.49
2014-12-31 577.53 39.60 59.14
2014-09-30 607.28 34.01 64.93
2014-06-30 627.41 39.66 64.20
2014-03-31 607.69 9.28 70.50
2013-12-31 587.98 -21.10 76.80
2013-09-30 523.94 -32.26 76.37
2013-06-30 459.90 -43.41 75.94
2013-03-31 435.37 -36.78 67.69
2012-12-31 410.84 -30.16 59.43
2012-09-30 409.63 -21.53 51.62
2012-06-30 408.43 -12.91 43.82

*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.
  • It is difficult to establish if Pan Asia Environmental Protection Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Pan Asia Environmental Protection Group has efficiently used its assets last year compared to the HK Commercial Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Pan Asia Environmental Protection Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Pan Asia Environmental Protection Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Commercial Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Pan Asia Environmental Protection 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.

Health

 How is Pan Asia Environmental Protection 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 Pan Asia Environmental Protection Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Pan Asia Environmental Protection Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Pan Asia Environmental Protection Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Pan Asia Environmental Protection Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 26.7x 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.
Raw Data

All data from Pan Asia Environmental Protection Group Company Filings, last reported 4 months ago.

SEHK:556 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,204.02 48.04 1,037.88
2018-09-30 1,204.02 48.04 1,037.88
2018-06-30 1,202.97 21.36 567.15
2018-03-31 1,202.97 21.36 567.15
2017-12-31 1,233.68 20.44 368.21
2017-06-30 1,413.38 0.00 246.30
2017-03-31 1,413.38 0.00 246.30
2016-12-31 1,379.44 0.00 349.74
2016-09-30 1,379.44 0.00 349.74
2016-06-30 1,329.56 0.00 514.63
2016-03-31 1,329.56 0.00 514.63
2015-12-31 1,304.58 0.00 275.96
2015-06-30 1,275.92 9.00 491.84
2015-03-31 1,275.92 9.00 491.84
2014-12-31 1,240.02 14.00 379.24
2014-09-30 1,240.02 14.00 379.24
2014-06-30 1,196.16 14.00 710.71
2014-03-31 1,196.16 14.00 710.71
2013-12-31 1,165.90 14.00 571.33
2013-09-30 1,165.90 14.00 571.33
2013-06-30 1,155.22 14.00 593.87
2013-03-31 1,155.22 14.00 593.87
2012-12-31 1,185.27 14.00 564.08
2012-09-30 1,185.27 14.00 564.08
2012-06-30 1,198.10 9.00 597.61
  • Pan Asia Environmental Protection Group's level of debt (4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (1.2% vs 4% today).
  • Debt is well covered by operating cash flow (1177%, greater than 20% of total debt).
  • Unable to confirm if the interest payments on Pan Asia Environmental Protection Group's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Pan Asia Environmental Protection Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Pan Asia Environmental Protection Group has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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.

Dividends

 What is Pan Asia Environmental Protection 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
Dividend payments
0%
Current annual income from Pan Asia Environmental Protection Group dividends.
If you bought HK$2,000 of Pan Asia Environmental Protection Group shares you are expected to receive HK$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Pan Asia Environmental Protection Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Pan Asia Environmental Protection Group's dividend against the top 25% market benchmark as the company has not reported any payouts.
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.
Raw Data
SEHK:556 Annualized Past and Future Dividends
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 Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 25 Stocks 2.3%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 967 Stocks 3.7%
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 5.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SEHK:556 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
SEHK:556 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2016-09-19 0.000 0.000
2016-08-30 0.000 0.000
2016-04-26 0.000 0.000
2016-03-30 0.000 0.000
2015-04-23 0.016 1.868
2015-03-27 0.016 1.224
2011-09-21 0.000 0.000
2011-08-31 0.000 0.000
2011-04-20 0.000 0.000
2011-03-29 0.000 0.000
2010-04-27 0.035 2.667
2010-04-20 0.035 2.050
2009-09-28 0.000 0.000
2009-09-17 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Pan Asia Environmental Protection Group has not reported any payouts.
  • Unable to verify if Pan Asia Environmental Protection Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Pan Asia Environmental Protection Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Pan Asia Environmental Protection Group has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Pan Asia Environmental Protection Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Pan Asia Environmental Protection Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Pan Asia Environmental Protection Group has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Pan Asia Environmental Protection Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Xin Jiang
COMPENSATION CN¥312,000
AGE 33
TENURE AS CEO 2.4 years
CEO Bio

Mr. Xin Jiang has been Chief Executive Officer and Executive Director at Pan Asia Environmental Protection Group Limited since December 22, 2016. Mr. Jiang has been General Manager at China Rare Earth Holdings Ltd. since 2012. He has been Chairman of Pan Asia Environmental Protection Group Limited since September 15, 2017. Mr. Jiang is responsible for the marketing aspect of China Rare Earth Holdings Ltd and its subsidiaries (Group)business. He joined China Rare Earth in 2008. Mr. Jiang obtained Bachelor's degree in Arts majoring in International Business, Finance and Economics from University of Manchester and a Bachelor degree in Arts majoring in Business Studies from University of Wales.

CEO Compensation
  • Insufficient data for Xin to compare compensation growth.
  • Xin's remuneration is lower than average for companies of similar size in Hong Kong.
Management Team

Xin Jiang

TITLE
Chairman & CEO
COMPENSATION
CN¥312K
AGE
33
TENURE
2.4 yrs

Vincent Wan

TITLE
CFO, Secretary & Financial Controller
AGE
45

Li Shen

TITLE
Chief Investment Officer
AGE
34

Dongping Wu

TITLE
Financial Controller of Wuxi Pan Asia
AGE
35
Board of Directors Tenure

Average tenure and age of the Pan Asia Environmental Protection Group board of directors in years:

11.4
Average Tenure
55
Average Age
  • The average tenure for the Pan Asia Environmental Protection Group board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Xin Jiang

TITLE
Chairman & CEO
COMPENSATION
CN¥312K
AGE
33
TENURE
1.7 yrs

Wing Lee Lai

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥52K
AGE
79
TENURE
11.4 yrs

Sunny Leung

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥187K
AGE
55
TENURE
11.4 yrs

Yajun Fan

TITLE
Non-Executive Director
COMPENSATION
CN¥104K
AGE
50
TENURE
12.2 yrs

Guozhen Wang

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥52K
AGE
82
TENURE
11.4 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Pan Asia Environmental Protection Group insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
24. Apr 19 Buy Yue Sun Individual 18. Apr 19 18. Apr 19 78,700,000 HK$0.87 HK$68,468,847
24. Apr 19 Buy China Silver Asset Management Hong Kong Limited Company 17. Apr 19 17. Apr 19 852,000 HK$0.85 HK$721,817
15. Apr 19 Sell China Silver Asset Management Hong Kong Limited Company 10. Apr 19 10. Apr 19 -256,000 HK$0.84 HK$-215,602
01. Nov 18 Sell China Silver Asset Management Hong Kong Limited Company 01. Nov 18 01. Nov 18 -894,000 HK$1.52 HK$-1,355,305
26. Oct 18 Buy China Silver Asset Management Hong Kong Limited Company 26. Oct 18 26. Oct 18 1,500,000 HK$1.60 HK$2,393,097
03. Sep 18 Buy China Silver Asset Management Hong Kong Limited Company 03. Sep 18 03. Sep 18 2,998,000 HK$1.78 HK$5,339,434
27. Jul 18 Buy China Silver Asset Management Hong Kong Limited Company 26. Jul 18 26. Jul 18 100,000 HK$1.47 HK$146,600
01. Jun 18 Buy China Silver Asset Management Hong Kong Limited Company 30. May 18 30. May 18 5,438,000 HK$1.65 HK$8,972,694
X
Management checks
We assess Pan Asia Environmental Protection Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Pan Asia Environmental Protection 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.

News

Simply Wall St News

Did Pan Asia Environmental Protection Group Limited (HKG:556) Insiders Buy Up More Shares?

So we'll take a look at whether insiders have been buying or selling shares in Pan Asia Environmental Protection Group Limited (HKG:556). … Pan Asia Environmental Protection Group Insider Transactions Over The Last Year. … The good news for Pan Asia Environmental Protection Group share holders is that an insider was buying at near the current price

Simply Wall St -

What Type Of Shareholder Owns Pan Asia Environmental Protection Group Limited's (HKG:556)?

Every investor in Pan Asia Environmental Protection Group Limited (HKG:556) should be aware of the most powerful shareholder groups. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … With a market capitalization of HK$840m, Pan Asia Environmental Protection Group is a small cap stock, so it might not be well known by many institutional investors.

Simply Wall St -

Does Pan Asia Environmental Protection Group Limited (HKG:556) Have A Volatile Share Price?

If you're interested in Pan Asia Environmental Protection Group Limited (HKG:556), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

Who Are The Major Shareholders In Pan Asia Environmental Protection Group Limited (HKG:556)?

If you want to know who really controls Pan Asia Environmental Protection Group Limited (HKG:556), then you'll have to look at the makeup of its share registry. … With a market capitalization of HK$1.40b, Pan Asia Environmental Protection Group is a small cap stock, so it might not be well known by many institutional investors. … Taking a look at the our data on the ownership groups (below), it's seems that.

Simply Wall St -

Pan Asia Environmental Protection Group Limited (HKG:556): A Look At Return On Capital

and looking to gauge the potential return on investment in Pan Asia Environmental Protection Group Limited (HKG:556). … Buying Pan Asia Environmental Protection Group makes you a partial owner of the company. … Thus, to understand how your money can grow by investing in Pan Asia Environmental Protection Group, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE)

Simply Wall St -

Pan Asia Environmental Protection Group Limited (HKG:556): Risks You Need To Consider Before Buying

There are two types of risks that affect the market value of a listed company such as 556. … The first type is company-specific risk, which can be diversified away by investing in other companies to reduce exposure to one particular stock. … The second type is market risk, one that you cannot diversify away, since it arises from macroeconomic factors which directly affects all the stocks in the market.

Simply Wall St -

Company Info

Description

Pan Asia Environmental Protection Group Limited sells environmental protection (EP) products and equipment in the People’s Republic of China. It operates in two segments, Sales of EP Products and Equipment, and EP Construction Engineering Projects. The company offers water treatment products and equipment for the treatment of industrial and urban waste water; and flue gas treatment products and equipment. It also undertakes EP construction engineering projects. The company was founded in 1998 and is based in Admiralty, Hong Kong.

Details
Name: Pan Asia Environmental Protection Group Limited
556
Exchange: SEHK
Founded: 1998
HK$772,800,000
840,000,000
Website: http://www.paep.com.cn
Address: Pan Asia Environmental Protection Group Limited
Tower One,
Room 1101, 11th Floor,
Admiralty,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 556 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 21. Dec 2007
DB 4P9 Ordinary Shares Deutsche Boerse AG DE EUR 21. Dec 2007
MUN 4P9 Ordinary Shares Boerse Muenchen DE EUR 21. Dec 2007
Number of employees
Current staff
Staff numbers
119
Pan Asia Environmental Protection Group employees.
Industry
Environmental and Facilities Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/24 12:48
End of day share price update: 2019/05/24 00:00
Last estimates confirmation: 2017/04/27
Last earnings filing: 2019/04/26
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.