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Travel Expert (Asia) Enterprises

SEHK:1235
Snowflake Description

Adequate balance sheet unattractive dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1235
SEHK
HK$176M
Market Cap
  1. Home
  2. HK
  3. Consumer Services
Company description

Travel Expert (Asia) Enterprises Limited, an investment holding company, provides travel agency services in Hong Kong and the People’s Republic of China. The last earnings update was 22 days ago. More info.


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  • Travel Expert (Asia) Enterprises has significant price volatility in the past 3 months.
1235 Share Price and Events
7 Day Returns
-1.4%
SEHK:1235
1.8%
HK Hospitality
1%
HK Market
1 Year Returns
-41.5%
SEHK:1235
-5.1%
HK Hospitality
-4.7%
HK Market
1235 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Travel Expert (Asia) Enterprises (1235) -1.4% -2.8% -19.8% -41.5% -55.2% -63.7%
HK Hospitality 1.8% 12.2% -2.3% -5.1% 43.9% -27.7%
HK Market 1% 3.9% -7.8% -4.7% 17.5% 2%
1 Year Return vs Industry and Market
  • 1235 underperformed the Hospitality industry which returned -5.1% over the past year.
  • 1235 underperformed the Market in Hong Kong which returned -4.7% over the past year.
Price Volatility
1235
Industry
5yr Volatility vs Market

Value

 Is Travel Expert (Asia) Enterprises 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
  • It is not possible to calculate the future cash flow value for Travel Expert (Asia) Enterprises. This is due to cash flow or dividend data being unavailable. The share price is HK$0.345.
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 Travel Expert (Asia) Enterprises's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Travel Expert (Asia) Enterprises's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:1235 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in HKD HK$-0.02
SEHK:1235 Share Price ** SEHK (2019-07-18) in HKD HK$0.35
Hong Kong Hospitality Industry PE Ratio Median Figure of 69 Publicly-Listed Hospitality Companies 13.94x
Hong Kong Market PE Ratio Median Figure of 1,510 Publicly-Listed Companies 10.82x

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

** Primary Listing of Travel Expert (Asia) Enterprises.

SEHK:1235 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1235 Share Price ÷ EPS (both in HKD)

= 0.35 ÷ -0.02

-15.43x

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

  • Travel Expert (Asia) Enterprises is loss making, we can't compare its value to the HK Hospitality industry average.
  • Travel Expert (Asia) Enterprises is loss making, we can't compare the value of its earnings to the Hong Kong market.
Price based on expected Growth
Does Travel Expert (Asia) Enterprises's expected growth come at a high price?
Raw Data
SEHK:1235 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -15.43x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Hong Kong Hospitality Industry PEG Ratio Median Figure of 21 Publicly-Listed Hospitality Companies 2.21x
Hong Kong Market PEG Ratio Median Figure of 479 Publicly-Listed Companies 0.8x

*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 Travel Expert (Asia) Enterprises, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Travel Expert (Asia) Enterprises's assets?
Raw Data
SEHK:1235 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in HKD HK$0.33
SEHK:1235 Share Price * SEHK (2019-07-18) in HKD HK$0.35
Hong Kong Hospitality Industry PB Ratio Median Figure of 109 Publicly-Listed Hospitality Companies 1.11x
Hong Kong Market PB Ratio Median Figure of 2,197 Publicly-Listed Companies 0.92x
SEHK:1235 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1235 Share Price ÷ Book Value per Share (both in HKD)

= 0.35 ÷ 0.33

1.05x

* Primary Listing of Travel Expert (Asia) Enterprises.

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

  • Travel Expert (Asia) Enterprises is good value based on assets compared to the HK Hospitality industry average.
X
Value checks
We assess Travel Expert (Asia) Enterprises'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 Hospitality 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 Hospitality industry average (and greater than 0)? (1 check)
  5. Travel Expert (Asia) Enterprises has a total score of 1/6, 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 Travel Expert (Asia) Enterprises 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 Travel Expert (Asia) Enterprises 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!
Annual Growth Rate
15.4%
Expected Hospitality industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Travel Expert (Asia) Enterprises expected to grow at an attractive rate?
  • Unable to compare Travel Expert (Asia) Enterprises's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Travel Expert (Asia) Enterprises's earnings growth to the Hong Kong market average as no estimate data is available.
  • Unable to compare Travel Expert (Asia) Enterprises's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:1235 Future Growth Rates Data Sources
Data Point Source Value (per year)
Hong Kong Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 15.4%
Hong Kong Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 11.4%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average -5.2%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 13.5%

*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:1235 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:1235 Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
SEHK:1235 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2019-03-31 304 -11
2018-12-31 309 -7
2018-09-30 314 -31 -4
2018-06-30 320 -25 -1
2018-03-31 325 -19 1
2017-12-31 329 3 -2
2017-09-30 332 25 -5
2017-06-30 338 16 -3
2017-03-31 344 6 -1
2016-12-31 353 7 5
2016-09-30 362 8 10
2016-06-30 375 35 21

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Travel Expert (Asia) Enterprises is high growth as no earnings estimate data is available.
  • Unable to determine if Travel Expert (Asia) Enterprises 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:1235 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Travel Expert (Asia) Enterprises Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1235 Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
SEHK:1235 Past Financials Data
Date (Data in HKD Millions) EPS *
2019-03-31 -0.02
2018-12-31 -0.01
2018-09-30 -0.01
2018-06-30 0.00
2018-03-31 0.00
2017-12-31 0.00
2017-09-30 -0.01
2017-06-30 -0.01
2017-03-31 0.00
2016-12-31 0.01
2016-09-30 0.02
2016-06-30 0.04

*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 Travel Expert (Asia) Enterprises will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Travel Expert (Asia) Enterprises's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Travel Expert (Asia) Enterprises's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Consumer Services companies here
  3. Travel Expert (Asia) Enterprises's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Travel Expert (Asia) Enterprises'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.
Travel Expert (Asia) Enterprises 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 Travel Expert (Asia) Enterprises 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 Travel Expert (Asia) Enterprises's growth in the last year to its industry (Hospitality).
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.
  • Travel Expert (Asia) Enterprises does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Travel Expert (Asia) Enterprises's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Travel Expert (Asia) Enterprises's 1-year growth to the HK Hospitality industry average as it is not currently profitable.
Earnings and Revenue History
Travel Expert (Asia) Enterprises'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 Travel Expert (Asia) Enterprises Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1235 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 304.13 -11.40 245.95
2018-12-31 309.27 -7.49 250.54
2018-09-30 314.41 -3.58 256.27
2018-06-30 319.87 -1.09 261.87
2018-03-31 325.33 1.40 267.46
2017-12-31 328.69 -1.58 273.06
2017-09-30 332.04 -4.55 277.52
2017-06-30 338.11 -2.62 279.71
2017-03-31 344.17 -0.69 281.89
2016-12-31 353.25 4.69 288.48
2016-09-30 362.34 10.07 295.06
2016-06-30 374.94 20.83 301.56
2016-03-31 387.54 31.59 308.05
2015-12-31 394.74 41.31 308.93
2015-09-30 401.93 51.03 309.80
2015-06-30 388.75 48.22 305.73
2015-03-31 375.57 45.41 301.67
2014-12-31 353.62 42.39 292.85
2014-09-30 331.66 39.38 284.04
2014-06-30 323.74 41.32 276.97
2014-03-31 315.83 43.27 269.90
2013-12-31 306.58 45.04 263.01
2013-09-30 297.33 46.81 256.11
2013-06-30 283.45 44.08 244.14
2013-03-31 269.57 41.34 232.16
2012-12-31 261.10 37.42 222.89
2012-09-30 252.62 33.50 213.62

*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 Travel Expert (Asia) Enterprises has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Travel Expert (Asia) Enterprises has efficiently used its assets last year compared to the HK Hospitality industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Travel Expert (Asia) Enterprises 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 Travel Expert (Asia) Enterprises'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 Hospitality 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.
Travel Expert (Asia) Enterprises 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 Travel Expert (Asia) Enterprises'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 Travel Expert (Asia) Enterprises's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Travel Expert (Asia) Enterprises is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Travel Expert (Asia) Enterprises's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Travel Expert (Asia) Enterprises'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 59.8x 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 Travel Expert (Asia) Enterprises Company Filings, last reported 3 months ago.

SEHK:1235 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 166.60 3.41 144.16
2018-12-31 166.60 3.41 144.16
2018-09-30 170.70 3.65 145.41
2018-06-30 170.70 3.65 145.41
2018-03-31 160.55 21.71 154.77
2017-12-31 160.55 21.71 154.77
2017-09-30 156.12 23.97 166.19
2017-06-30 156.12 23.97 166.19
2017-03-31 170.23 25.98 186.55
2016-12-31 170.23 25.98 186.55
2016-09-30 168.96 21.89 146.28
2016-06-30 168.96 21.89 146.28
2016-03-31 183.79 33.57 228.41
2015-12-31 183.79 33.57 228.41
2015-09-30 180.91 20.26 215.00
2015-06-30 180.91 20.26 215.00
2015-03-31 177.71 55.98 251.98
2014-12-31 177.71 55.98 251.98
2014-09-30 156.11 23.16 203.98
2014-06-30 156.11 23.16 203.98
2014-03-31 154.75 24.59 225.29
2013-12-31 154.75 24.59 225.29
2013-09-30 139.87 26.01 180.74
2013-06-30 139.87 26.01 180.74
2013-03-31 133.56 27.42 170.73
2012-12-31 133.56 27.42 170.73
2012-09-30 106.41 3.25 148.89
  • Travel Expert (Asia) Enterprises's level of debt (2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (15.9% vs 2% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on Travel Expert (Asia) Enterprises's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Travel Expert (Asia) Enterprises'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. Travel Expert (Asia) Enterprises 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 Travel Expert (Asia) Enterprises'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
5.8%
Current annual income from Travel Expert (Asia) Enterprises dividends.
If you bought HK$2,000 of Travel Expert (Asia) Enterprises shares you are expected to receive HK$116 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?
  • Travel Expert (Asia) Enterprises's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.08%).
  • Travel Expert (Asia) Enterprises's dividend is above the markets top 25% of dividend payers in Hong Kong (5.72%).
Upcoming dividend payment

Purchase Travel Expert (Asia) Enterprises before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:1235 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 Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 44 Stocks 2.7%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 978 Stocks 3.6%
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 5.7%

Industry and Market average data is calculated daily.

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

SEHK:1235 Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts
SEHK:1235 Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2019-06-26 0.020 5.534
2018-06-27 0.020 4.410
2017-08-16 0.020 3.162
2016-12-15 0.000 0.000
2016-11-23 0.000 0.000
2016-07-20 0.042 5.543
2015-07-22 0.046 5.502
2015-06-24 0.046 5.021
2014-07-23 0.060 6.484
2014-06-25 0.060 6.155
2013-12-19 0.030 2.894
2013-11-28 0.030 2.788
2013-07-18 0.040 6.238
2013-06-28 0.040 6.705
2012-06-28 0.036 7.334

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

  • Travel Expert (Asia) Enterprises has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Travel Expert (Asia) Enterprises has only been paying a dividend for 7 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Travel Expert (Asia) Enterprises's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
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 Travel Expert (Asia) Enterprises'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 Travel Expert (Asia) Enterprises afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Travel Expert (Asia) Enterprises has a total score of 2/6, 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 Travel Expert (Asia) Enterprises'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
Hang Cheng
COMPENSATION HK$754,000
AGE 60
TENURE AS CEO 7.8 years
CEO Bio

Ms. Hang Fan Cheng is a co-founder and has been the Chief Executive Officer at Travel Expert (Asia) Enterprises Limited since September 6, 2011. Ms. Cheng has over 26 years of experience in the travel industry. She is primarily responsible for the day-to-day management and operation, business development and strategic planning. Ms. Cheng is the Founder of Travel Expert Limited and serves as its Chief Executive Officer. She worked with Silver Sources Limited. Ms. Cheng has been an Executive Director of Travel Expert (Asia) Enterprises Limited since September 30, 2010. She serves as an Executive Director at Travel Expert Limited. Ms. Cheng holds a Certificate of Tourist Business programe from Caritas Bianchi College of Careers.

CEO Compensation
  • Hang's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Hang's remuneration is lower than average for companies of similar size in Hong Kong.
Management Team Tenure

Average tenure and age of the Travel Expert (Asia) Enterprises management team in years:

7.8
Average Tenure
59
Average Age
  • The average tenure for the Travel Expert (Asia) Enterprises management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Daniel Ko

TITLE
Chairman
COMPENSATION
HK$239K
AGE
59

Hang Cheng

TITLE
CEO & Executive Director
COMPENSATION
HK$754K
AGE
60
TENURE
7.8 yrs

Wan Fung Chan

TITLE
CFO & Executive Director
COMPENSATION
HK$1M
AGE
50
TENURE
8.2 yrs

Yin Cheng

TITLE
COO, Company Secretary & Executive Director
AGE
49
TENURE
0.1 yrs

Yuet Lai Au-Yeung

TITLE
Manager of Human Resources & Administration

Yee Mee Chan

TITLE
Manager of Corporate Communications

Elsa Ho

TITLE
Division Head of Talent Management
AGE
59

Siu Cheong Cheung

TITLE
Division Head of Product Development
AGE
62
Board of Directors Tenure

Average tenure and age of the Travel Expert (Asia) Enterprises board of directors in years:

8.1
Average Tenure
59
Average Age
  • The tenure for the Travel Expert (Asia) Enterprises board of directors is about average.
Board of Directors

Daniel Ko

TITLE
Chairman
COMPENSATION
HK$239K
AGE
59
TENURE
7.8 yrs

Hang Cheng

TITLE
CEO & Executive Director
COMPENSATION
HK$754K
AGE
60
TENURE
8.8 yrs

Wan Fung Chan

TITLE
CFO & Executive Director
COMPENSATION
HK$1M
AGE
50
TENURE
7.3 yrs

Yin Cheng

TITLE
COO, Company Secretary & Executive Director
AGE
49
TENURE
0.1 yrs

King Mak

TITLE
Independent Non-Executive Director
COMPENSATION
HK$132K
AGE
45
TENURE
8.1 yrs

Chi Szeto

TITLE
Independent Non-Executive Director
COMPENSATION
HK$132K
AGE
62
TENURE
8.3 yrs

Victor Yung

TITLE
Independent Non-Executive Director
COMPENSATION
HK$166K
AGE
65
TENURE
8.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
21. Sep 18 Buy Hang Cheng Individual 20. Sep 18 20. Sep 18 330,000 HK$0.53 HK$175,395
20. Sep 18 Buy Wai Ko Individual 18. Sep 18 18. Sep 18 260,000 HK$0.53 HK$137,800
14. Sep 18 Buy Wai Ko Individual 13. Sep 18 13. Sep 18 205,000 HK$0.53 HK$108,608
10. Sep 18 Buy Hang Cheng Individual 06. Sep 18 06. Sep 18 100,000 HK$0.55 HK$54,800
X
Management checks
We assess Travel Expert (Asia) Enterprises'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. Travel Expert (Asia) Enterprises 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

Is Travel Expert (Asia) Enterprises Limited (HKG:1235) A Risky Dividend Stock?

Dividend paying stocks like Travel Expert (Asia) Enterprises Limited (HKG:1235) tend to be popular with investors, and for good reason - some research suggests a significant amount of all stock market returns come from reinvested dividends. … Looking at the data, we can see that Travel Expert (Asia) Enterprises has been paying a dividend for the past seven years. … We're not keen on the fact that Travel Expert (Asia) Enterprises paid dividends despite reporting a loss over the past year, although fortunately its dividend was covered by cash flow.

Simply Wall St -

Does Travel Expert (Asia) Enterprises Limited (HKG:1235) Have A Volatile Share Price?

If you're interested in Travel Expert (Asia) Enterprises Limited (HKG:1235), 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. … Looking at the last five years, Travel Expert (Asia) Enterprises has a beta of 0.89. … What this means for you: One potential advantage of owning low beta stocks like Travel Expert (Asia) Enterprises is that your overall portfolio won't be too sensitive to overall market movements.

Simply Wall St -

What Kind Of Investor Owns Most Of Travel Expert (Asia) Enterprises Limited (HKG:1235)?

The big shareholder groups in Travel Expert (Asia) Enterprises Limited (HKG:1235) have power over the company. … Insider Ownership Of Travel Expert (Asia) Enterprises The definition of company insiders can be subjective, and does vary between jurisdictions. … Shareholders would probably be interested to learn that insiders own shares in Travel Expert (Asia) Enterprises Limited.

Simply Wall St -

Have Insiders Been Buying Travel Expert (Asia) Enterprises Limited (HKG:1235) Shares This Year?

So we'll take a look at whether insiders have been buying or selling shares in Travel Expert (Asia) Enterprises Limited (HKG:1235). … Check out our latest analysis for Travel Expert (Asia) Enterprises … Travel Expert (Asia) Enterprises Insider Transactions Over The Last Year

Simply Wall St -

Does Travel Expert (Asia) Enterprises Limited's (HKG:1235) CEO Pay Compare Well With Peers?

Hang Cheng has been the CEO of Travel Expert (Asia) Enterprises Limited (HKG:1235) since 2011. … How Does Hang Cheng's Compensation Compare With Similar Sized Companies. … At the time of writing our data says that Travel Expert (Asia) Enterprises Limited has a market cap of HK$219m, and is paying total annual CEO compensation of HK$754k.

Simply Wall St -

What Kind Of Share Price Volatility Should You Expect For Travel Expert (Asia) Enterprises Limited (HKG:1235)?

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Before we go on, it's worth noting that Warren Buffett pointed out in his 2014 letter to shareholders that 'volatility is far from synonymous with risk.' Having said that, beta can still be rather useful.

Simply Wall St -

Investors In Travel Expert (Asia) Enterprises Limited (HKG:1235) Should Consider This Data

Historically, Travel Expert (Asia) Enterprises Limited (HKG:1235) has been paying a dividend to shareholders. … Let's take a look at Travel Expert (Asia) Enterprises in more detail. … See our latest analysis for Travel Expert (Asia) Enterprises

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Do Institutions Own Travel Expert (Asia) Enterprises Limited (HKG:1235) Shares?

A look at the shareholders of Travel Expert (Asia) Enterprises Limited (HKG:1235) can tell us which group is most powerful. … Travel Expert (Asia) Enterprises is not a large company by global standards. … Taking a look at the our data on the ownership groups (below), it's seems that.

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Should You Take Comfort From Insider Transactions At Travel Expert (Asia) Enterprises Limited (HKG:1235)?

So we'll take a look at whether insiders have been buying or selling shares in Travel Expert (Asia) Enterprises Limited (HKG:1235). … View our latest analysis for Travel Expert (Asia) Enterprises. … The Last 12 Months Of Insider Transactions At Travel Expert (Asia) Enterprises

Simply Wall St -

Our Take On Travel Expert (Asia) Enterprises Limited's (HKG:1235) CEO Salary

In 2011 Hang Cheng was appointed CEO of Travel Expert (Asia) Enterprises Limited (HKG:1235). … See our latest analysis for Travel Expert (Asia) Enterprises? … According to our data, Travel Expert (Asia) Enterprises Limited has a market capitalization of HK$212m, and pays its CEO total annual compensation worth HK$754k.

Simply Wall St -

Company Info

Description

Travel Expert (Asia) Enterprises Limited, an investment holding company, provides travel agency services in Hong Kong and the People’s Republic of China. It operates through Travel and Travel/Wedding Related Business, Rental Income from Investment Property, and Treasury Activities segments. The company engages in the provision of services relating to the sale of air tickets, hotel accommodation, and other travel/wedding related products and services; and package tours, property investment, and investment in treasury activities. It also provides meeting, incentive, conference, and exhibition trips planning and management services. In addition, the company engages in the travel and travel related, and property holding and marketing businesses, as well as provision of management services. As of March 31, 2018, it operated a total of 46 retail shops in Hong Kong under the Travel Expert, Tailor Made Holidays, and Premium Holidays brands. The company was founded in 1986 and is headquartered in Kowloon, Hong Kong. Travel Expert (Asia) Enterprises Limited is a subsidiary of Colvin & Horne Holdings Limited.

Details
Name: Travel Expert (Asia) Enterprises Limited
1235
Exchange: SEHK
Founded: 1986
HK$175,901,355
509,859,000
Website: http://www.tegroup.com.hk
Address: Travel Expert (Asia) Enterprises Limited
Units A-C, D2 Place TWO,
9th Floor,
Kowloon,
Kowloon, Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1235 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 30. Sep 2011
Number of employees
Current staff
Staff numbers
440
Travel Expert (Asia) Enterprises employees.
Industry
Hotels, Resorts and Cruise Lines
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/18 13:08
End of day share price update: 2019/07/18 00:00
Last estimates confirmation: 2018/06/27
Last earnings filing: 2019/06/26
Last earnings reported: 2019/03/31
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.