WAC Holdings
WAC Holdings Limited, a construction engineering consultant company, provides structural and geotechnical engineering consultancy services in Hong Kong. The last earnings update was 6 days ago. More info.
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8619 Share Price and Events
7 Day Returns
1 Year Returns
8619 Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| WAC Holdings (8619) | -1.7% | 0% | 4.1% | - | - | - |
| HK Professional Services | -5.2% | -0.4% | -9.6% | -27.4% | -38.6% | 2.9% |
| HK Market | -0.6% | -9.6% | -7.5% | -9.8% | 1.6% | -10.6% |
1 Year Return vs Industry and Market
- No trading data on 8619.
- No trading data on 8619.
Value
Is WAC Holdings 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
WAC Holdings
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 WAC Holdings.
| 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 | 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% |
| Professional Services Unlevered Beta | Simply Wall St/ S&P Global | 0.85 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.847 (1 + (1- 25%) (0%)) |
0.898 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.9 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (0.898 * 6.65%) |
7.97% |
Discounted Cash Flow Calculation for SEHK:8619 using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for WAC Holdings 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.
Note: Free cash flow to equity valuations ignore the company's cash or debt.
| Levered FCF (HKD, Millions) | Source |
Present Value Discounted (@ 7.97%) |
|
|---|---|---|---|
| 2020 | 9.75 | Est @ 10.84% | 9.03 |
| 2021 | 10.55 | Est @ 8.19% | 9.05 |
| 2022 | 11.22 | Est @ 6.33% | 8.91 |
| 2023 | 11.79 | Est @ 5.03% | 8.67 |
| 2024 | 12.27 | Est @ 4.12% | 8.36 |
| 2025 | 12.70 | Est @ 3.49% | 8.01 |
| 2026 | 13.09 | Est @ 3.04% | 7.65 |
| 2027 | 13.44 | Est @ 2.73% | 7.28 |
| 2028 | 13.78 | Est @ 2.51% | 6.91 |
| 2029 | 14.11 | Est @ 2.36% | 6.55 |
| Present value of next 10 years cash flows | HK$80.44 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2029
× (1 + g) ÷ (Discount Rate – g)
= HK$14.11 × (1 + 2%) ÷ (7.97% – 2%) |
HK$241.02 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= HK$241.02 ÷ (1 + 7.97%)10 |
HK$111.92 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= HK$80.44 + HK$111.92 |
HK$192.35 |
| Equity Value per Share (HKD) |
= Total value / Shares Outstanding
= HK$192.35 / 960.00 |
HK$0.2 |
| Calculation | Result | |
|---|---|---|
| Value per share (HKD) | From above. | HK$0.20 |
| Current discount | Discount to share price of
HK$2.30
= -1 x (HK$2.30 - HK$0.20) / HK$0.20 |
-1047.9% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of WAC Holdings is above its future cash flow value.
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 WAC Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
WAC Holdings'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 (2019-06-30) in HKD | HK$0.00 |
| SEHK:8619 Share Price ** | SEHK (2019-08-19) in HKD | HK$2.3 |
| Asia Professional Services Industry PE Ratio | Median Figure of 21 Publicly-Listed Professional Services Companies | 14.65x |
| Hong Kong Market PE Ratio | Median Figure of 1,498 Publicly-Listed Companies | 9.83x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of WAC Holdings.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = SEHK:8619 Share Price ÷ EPS (both in HKD) = 2.3 ÷ 0.00 |
-584.2x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- WAC Holdings is loss making, we can't compare its value to the Asia Professional Services industry average.
- WAC Holdings is loss making, we can't compare the value of its earnings to the Hong Kong market.
Price based on expected Growth
Does
WAC Holdings's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | -584.2x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts |
Not available |
| Asia Professional Services Industry PEG Ratio | Median Figure of 6 Publicly-Listed Professional Services Companies | 1.19x |
| Hong Kong Market PEG Ratio | Median Figure of 486 Publicly-Listed Companies | 0.75x |
*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 WAC Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
WAC Holdings's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-06-30) in HKD | HK$0.07 |
| SEHK:8619 Share Price * | SEHK (2019-08-19) in HKD | HK$2.3 |
| Hong Kong Professional Services Industry PB Ratio | Median Figure of 12 Publicly-Listed Professional Services Companies | 2.29x |
| Hong Kong Market PB Ratio | Median Figure of 2,185 Publicly-Listed Companies | 0.84x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = SEHK:8619 Share Price ÷ Book Value per Share (both in HKD) = 2.3 ÷ 0.07 |
31.12x |
* Primary Listing of WAC Holdings.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- WAC Holdings is overvalued based on assets compared to the HK Professional Services industry average.
Value checks
We assess WAC Holdings'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 Professional Services 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 Professional Services industry average (and greater than 0)? (1 check) WAC Holdings 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.
Future Performance
How is WAC Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 WAC 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 Simply Wall St do have past financial data. You can see them here.
Show me the analysis anyway
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
- Unable to compare WAC Holdings's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
- Unable to compare WAC Holdings's earnings growth to the Hong Kong market average as no estimate data is available.
- Unable to compare WAC Holdings'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) |
|---|---|---|
| Hong Kong Professional Services Industry Earnings Growth Rate | Market Cap Weighted Average | 47.4% |
| Asia Professional Services Industry Revenue Growth Rate | Market Cap Weighted Average | 14.6% |
| Hong Kong Market Earnings Growth Rate | Market Cap Weighted Average | 11.7% |
| Hong Kong Market Revenue Growth Rate | Market Cap Weighted Average | 10.3% |
*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 (1 month ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| Date (Data in HKD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|
| Date (Data in HKD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-06-30 | 64 | -4 | |
| 2019-03-31 | 65 | -2 | 0 |
| 2018-12-31 | 66 | 3 | |
| 2018-09-30 | 66 | 15 | -3 |
| 2018-06-30 | 67 | 9 | -1 |
| 2018-03-31 | 69 | -7 | 2 |
| 2017-03-31 | 71 | 12 | 16 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
All data from WAC Holdings Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in HKD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|
| Date (Data in HKD Millions) | EPS * |
|---|---|
| 2019-06-30 | 0.00 |
| 2019-03-31 | 0.00 |
| 2018-12-31 | 0.00 |
| 2018-09-30 | 0.00 |
| 2018-06-30 | 0.00 |
| 2018-03-31 | 0.00 |
| 2017-03-31 |
*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 WAC Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess WAC Holdings'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 Asia 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)
WAC Holdings has a total score of 0/6, 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 WAC Holdings 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
- WAC Holdings does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
- Unable to compare WAC Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.
- Unable to compare WAC Holdings's 1-year growth to the Asia Professional Services industry average as it is not currently profitable.
Earnings and Revenue History
All data from WAC Holdings Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in HKD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-06-30 | 64.22 | -3.54 | 21.28 | |
| 2019-03-31 | 64.63 | -0.42 | 18.39 | |
| 2018-12-31 | 66.44 | 2.73 | 16.59 | |
| 2018-09-30 | 65.81 | -3.34 | 15.83 | |
| 2018-06-30 | 67.45 | -0.62 | 14.85 | |
| 2018-03-31 | 69.09 | 2.09 | 14.11 | |
| 2017-03-31 | 70.57 | 16.29 | 12.29 | |
| 2016-03-31 | 68.01 | 13.28 | 13.40 |
*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 WAC Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
- It is difficult to establish if WAC Holdings has efficiently used its assets last year compared to the Asia Professional Services industry average (Return on Assets) as it is loss-making.
- It is difficult to establish if WAC Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
Past performance checks
We assess WAC Holdings'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 Professional Services 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)
WAC Holdings 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 WAC Holdings'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 WAC Holdings's finances.
The net worth of a company is the difference between its assets and liabilities.
- WAC Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- WAC Holdings has no long term commitments.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- WAC Holdings has no debt, it does not need to be covered by short term assets.
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 WAC Holdings Company Filings, last reported 1 month ago.
| Date (Data in HKD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-06-30 | |||
| 2019-03-31 | 70.95 | 0.00 | 45.59 |
| 2018-12-31 | 70.07 | 4.84 | 55.55 |
| 2018-09-30 | 70.07 | 4.84 | 55.55 |
| 2018-06-30 | 27.93 | 9.26 | 10.82 |
| 2018-03-31 | 27.93 | 9.26 | 10.82 |
| 2017-03-31 | 10.98 | 7.23 | 1.16 |
| 2016-03-31 | 7.79 | 8.83 | 0.60 |
- WAC Holdings has no debt.
- WAC Holdings currently has no debt however we can't compare to 5 years ago as we have no data for that period.
- WAC Holdings has no debt, it does not need to be covered by operating cash flow.
- WAC Holdings has no debt, therefore coverage of interest payments is not a concern.
Financial health checks
We assess WAC Holdings'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) WAC Holdings has a total score of 6/6, 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.
Dividends
What is WAC Holdings'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
WAC Holdings
shares you are expected to receive
HK$0
in your first year as a dividend.
Dividend Amount
- Unable to evaluate WAC Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
- Unable to evaluate WAC Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| Asia Professional Services Industry Average Dividend Yield | Market Cap Weighted Average of 12 Stocks | 2.5% |
| Hong Kong Market Average Dividend Yield | Market Cap Weighted Average of 977 Stocks | 3.9% |
| Hong Kong Minimum Threshold Dividend Yield | 10th Percentile | 1.3% |
| Hong Kong Bottom 25% Dividend Yield | 25th Percentile | 2.3% |
| Hong Kong Top 25% Dividend Yield | 75th Percentile | 6.3% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in HK$) | Dividend per Share (annual) | Avg. No. Analysts |
|---|
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to perform a dividend volatility check as WAC Holdings has not reported any payouts.
- Unable to verify if WAC Holdings's dividend has been increasing as the company has not reported any payouts.
Income/ dividend checks
We assess WAC Holdings's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.3%) - 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 WAC Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) WAC Holdings 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
CEO
| COMPENSATION | HK$2,012,000 |
| AGE | 62 |
CEO Bio
Mr. Po Lam Kwong served as Executive Director at Win Win Way Construction Holdings Ltd since May 6, 2016 until April 26, 2019 and was responsible for quality and technical assurance. Mr. Kwong has been Executive Director of WAC Holdings Ltd. since November 21, 2017 and serves as its Managing Director. He served as a Director of WAC Holdings Ltd. from August 25, 2017 to November 21, 2017. He has been working at Wong & Cheng Consulting Engineers Limited which is specialised in engineering design, preparation of drawings and technical specifications, contract administration, site supervision and other related works since January 1994 and serves as its Managing Director. He has over 30 years of experience in the construction industry. Before joining Win Win Way Construction Holdings, he worked as assistant engineer of Stresstek (H.K.) Limited, in which he was responsible for construction site management and supervision, from January 1980 to March 1981. He then worked as structural designer of Gordon Wu & Associates, in which he was responsible for engineering design and construction site inspections, from April 1981 to September 1982. He then joined Ove Arup & Partners Hong Kong Limited as an Engineer, in which he was responsible for civil/structural engineering design and on-site supervision, from September 1982 to January 1986. From February 1986 to November 1989, he was the assistant head of the structural section and structural engineer of KNW Architects & Engineers Limited, in which he was responsible for site inspections and supervision, processing engineering plans submission and providing structural engineering advices. He was employed by the Hong Kong Government as structural engineer from December 1989 to August 1990. He joined Dywidag-Systems International Canada Limited as engineer from February 1992 to December 1993 and was mainly responsible for project planning, civil/structural engineering design and site supervision. He was admitted as fellow of the Hong Kong Institution of Engineers in July 2003. He was qualified as Chartered Engineer of the Engineering Council of the United Kingdom in May 1986 and a Registered Professional Engineer with Engineers Registration Board of Hong Kong in November 1995. He was also authorised as Civil Engineer by the Land, Public Works and Transport Bureau of the Macao Special Administrative Region in January 2016. He was qualified as registered structural engineer since 1987 and is a authorised person (list of engineers), registered inspector (list of engineers) and registered geotechnical engineer with Building Authority. He obtained the Certificate of Class I Registered Structural Engineer of the PRC in July 2001. He has been a member of the Institution of Civil Engineers, Institution of Structural Engineers and the Association of Professional Engineers and Geoscientists of British Columbia, Canada. He was awarded with an associateship in Civil and Structural Engineering from Hong Kong Polytechnic University in November 1981. He also obtained a degree of Master of Science in Engineering (Civil Engineering) from the University of Hong Kong in November 2000.
CEO Compensation
- Po Lam's compensation has increased whilst company is loss making.
- Po Lam's remuneration is about average for companies of similar size in Hong Kong.
Management Team
Yin Nin Chan
Chairman of the Board & Compliance Officer
HK$3M
63
Po Lam Kwong
MD & Executive Director
HK$2M
62
Kwok Wai Chan
Financial Controller & Company Secretary
34
Xiaoyan Su
Executive Director
29
Board of Directors Tenure
Average tenure and age of the WAC Holdings board of directors in years:
- The average tenure for the WAC Holdings board of directors is less than 3 years, this suggests a new board.
Board of Directors
Yin Nin Chan
Chairman of the Board & Compliance Officer
HK$3M
63
Po Lam Kwong
MD & Executive Director
HK$2M
62
2 yrs
Xiaoyan Su
Executive Director
29
0.2 yrs
Stella Chu
Independent Non-Executive Director
HK$54K
45
1 yrs
Raymond Choy
Independent Non Executive Director
HK$54K
70
1 yrs
Kyran Sze
Independent Non-Executive Director
HK$54K
53
1 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (HK$) | Value (HK$) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 14. Mar 19 | Sell | Yanhong Zhang | Individual | 13. Mar 19 | 13. Mar 19 | -50,000,000 | HK$1.30 | HK$-65,000,024 | ||
| 06. Mar 19 | Sell | Yanhong Zhang | Individual | 06. Mar 19 | 06. Mar 19 | -50,000,000 | HK$1.20 | HK$-59,999,936 | ||
| 18. Jan 19 | Buy | Yanhong Zhang | Individual | 16. Jan 19 | 16. Jan 19 | 190,928,000 | HK$0.80 | HK$152,742,487 | ||
| 18. Jan 19 | Sell | Fung Ting Yuen | Individual | 16. Jan 19 | 16. Jan 19 | -190,928,000 | HK$0.80 | HK$-152,742,487 | ||
Management checks
We assess WAC Holdings'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) WAC Holdings 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
Do WAC Holdings Limited’s (HKG:8619) Returns On Capital Employed Make The Cut?
Finally, we'll look at how its current liabilities affect its ROCE. … Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for WAC Holdings: 0.14 = HK$9.8m ÷ (HK$89m - HK$19m) (Based on the trailing twelve months to December 2018.) Therefore, WAC Holdings has an ROCE of 14%. … The ROCE equation subtracts current liabilities from capital employed, so a company with a lot of current liabilities appears to have less capital employed, and a higher ROCE than otherwise.
Simply Wall St - – Full articleHow Much Of WAC Holdings Limited (HKG:8619) Do Insiders Own?
Taking a look at our data on the ownership groups (below), it's seems that institutions don't own shares in the company. … Private Company Ownership We can see that Private Companies own 49%, of the shares on issue. … Sometimes insiders or other related parties have an interest in shares in a public company through a separate private company.
Simply Wall St - – Full articleCan WAC Holdings Limited (HKG:8619) Improve Its Returns?
With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Our data shows WAC Holdings has a return on equity of 3.9% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleDon’t Buy WAC Holdings Limited (HKG:8619) Until You Understand Its ROCE
Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Understanding Return On Capital Employed (ROCE). … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.
Simply Wall St - – Full articleWhat Percentage Of WAC Holdings Limited (HKG:8619) Shares Do Insiders Own?
A look at the shareholders of WAC Holdings Limited (HKG:8619) can tell us which group is most powerful. … Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … Taking a look at the our data on the ownership groups (below), it's seems that.
Simply Wall St - – Full articleCompany Info
Description
WAC Holdings Limited, a construction engineering consultant company, provides structural and geotechnical engineering consultancy services in Hong Kong. The company offers structural engineering services, such as loading calculation and stress design; geotechnical engineering services, including calculation of earth surface conditions and assessment of risks posed by site conditions; and material engineering services that include analyzing the use of and selecting building materials in a construction project. It also undertakes infrastructure works comprising drainage works; and provides registered structural engineers and authorized persons services related to alteration and addition works, as well as expert services. The company was founded in 1987 and is headquartered in Cheung Sha Wan, Hong Kong.
Details
| Name: | WAC Holdings Limited |
| 8619 | |
| Exchange: | SEHK |
| Founded: | 1987 |
| HK$2,236,800,000 | |
| 960,000,000 | |
| Website: | http://www.wcce.hk |
| Address: |
WAC Holdings Limited 9 Wing Hong Street, Floor 9, Cheung Sha Wan, Kowloon, Hong Kong |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| SEHK | 8619 | Ordinary Shares | The Stock Exchange of Hong Kong Ltd. | HK | HKD | 17. Sep 2018 |
Number of employees
Current staff
Industry
| Research and Consulting Services | |
| Commercial Services |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/08/19 13:02 |
| End of day share price update: | 2019/08/19 00:00 |
| Last estimates confirmation: | 2019/06/27 |
| Last earnings filing: | 2019/08/13 |
| Last earnings reported: | 2019/06/30 |
| Last annual earnings reported: | 2019/03/31 |
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.
