SEHK:292

Stock Analysis Report

Asia Standard Hotel Group

Executive Summary

Asia Standard Hotel Group Limited, an investment holding company, owns and operates hotels in Hong Kong and Canada.


Snowflake Analysis

Undervalued with solid track record.

Share Price & News

How has Asia Standard Hotel Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 292 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.8%

292

-0.4%

HK Hospitality

0.6%

HK Market


1 Year Return

-36.0%

292

-2.1%

HK Hospitality

-5.7%

HK Market

Return vs Industry: 292 underperformed the Hong Kong Hospitality industry which returned 1.3% over the past year.

Return vs Market: 292 underperformed the Hong Kong Market which returned -5.1% over the past year.


Shareholder returns

292IndustryMarket
7 Day-1.8%-0.4%0.6%
30 Day-5.2%-1.9%-0.8%
90 Day-5.2%2.1%4.1%
1 Year-34.6%-36.0%0.9%-2.1%-2.2%-5.7%
3 Year-44.4%-47.1%22.9%11.9%13.8%2.3%
5 Year-23.7%-28.9%19.2%0.5%14.8%-4.2%

Price Volatility Vs. Market

How volatile is Asia Standard Hotel Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Asia Standard Hotel Group undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 292 (HK$0.28) is trading below our estimate of fair value (HK$1.61)

Significantly Below Fair Value: 292 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 292 is good value based on its PE Ratio (1.2x) compared to the Hospitality industry average (11.9x).

PE vs Market: 292 is good value based on its PE Ratio (1.2x) compared to the Hong Kong market (10.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 292's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 292 is good value based on its PB Ratio (0.1x) compared to the HK Hospitality industry average (0.9x).


Next Steps

Future Growth

How is Asia Standard Hotel Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

14.1%

Forecasted Consumer Services industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Asia Standard Hotel Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Asia Standard Hotel Group performed over the past 5 years?

11.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 292 has high quality earnings.

Growing Profit Margin: 292's current net profit margins (35.8%) are higher than last year (11.1%).


Past Earnings Growth Analysis

Earnings Trend: 292's earnings have grown by 11.7% per year over the past 5 years.

Accelerating Growth: 292's earnings growth over the past year (330.1%) exceeds its 5-year average (11.7% per year).

Earnings vs Industry: 292 earnings growth over the past year (330.1%) exceeded the Hospitality industry -2.1%.


Return on Equity

High ROE: 292's Return on Equity (11.2%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Asia Standard Hotel Group's financial position?


Financial Position Analysis

Short Term Liabilities: 292's short term assets (HK$7.3B) exceed its short term liabilities (HK$1.7B).

Long Term Liabilities: 292's short term assets (HK$7.3B) exceed its long term liabilities (HK$5.2B).


Debt to Equity History and Analysis

Debt Level: 292's debt to equity ratio (155.7%) is considered high.

Reducing Debt: 292's debt to equity ratio has increased from 54.6% to 155.7% over the past 5 years.

Debt Coverage: 292's debt is not well covered by operating cash flow (4.5%).

Interest Coverage: 292's interest payments on its debt are well covered by EBIT (3.1x coverage).


Balance Sheet

Inventory Level: 292 has a high level of physical assets or inventory.

Debt Coverage by Assets: 292's debt is covered by short term assets (assets are 1.1x debt).


Next Steps

Dividend

What is Asia Standard Hotel Group's current dividend yield, its reliability and sustainability?

2.36%

Current Dividend Yield


Dividend Yield vs Market

company2.4%marketbottom25%2.3%markettop25%6.3%industryaverage3.0%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: 292's dividend (2.36%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.28%).

High Dividend: 292's dividend (2.36%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.28%).


Stability and Growth of Payments

Stable Dividend: 292's dividend payments have been volatile in the past 10 years.

Growing Dividend: 292's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (2.8%), 292's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

14.4yrs

Average board tenure


CEO

Yin Cheng Lim (74yo)

HK$2,209,000

Compensation

Dr. Yin Cheng Lim serves as the Chief Executive Officer of Q9 Technology Holdings Limited and Asia Standard Hotel Group Limited. Dr. Lim has been Executive Director of Asia Standard Hotel at Asia Standard  ...


CEO Compensation Analysis

Compensation vs Market: Yin Cheng's total compensation ($USD284.25K) is about average for companies of similar size in the Hong Kong market ($USD226.20K).

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


Board Members

NamePositionTenureCompensationOwnership
Jing Poon
Chairman0yrsHK$8.10m0.0076% HK$42.0k
Yin Cheng Lim
Deputy Chairman & CEO0yrsHK$2.21mno data
Wei Chun Woo
Group Financial Controller & Executive Director13.4yrsHK$1.44mno data
Siu To Fung
Executive Director0yrsno datano data
Hai Poon
Executive Director7.6yrsHK$5.12mno data
Yeung Poon
Executive Director5.1yrsHK$4.94mno data
Chi Wai Ip
Independent Non-Executive Director16.4yrsHK$200.00kno data
Wai Keung Leung
Independent Non-Executive Director15.4yrsHK$150.00kno data
Yat Ming Hung
Independent Non-Executive Director15.4yrsHK$150.00kno data

14.4yrs

Average Tenure

56yo

Average Age

Experienced Board: 292's board of directors are seasoned and experienced ( 14.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

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


Top Shareholders

Company Information

Asia Standard Hotel Group Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Asia Standard Hotel Group Limited
  • Ticker: 292
  • Exchange: SEHK
  • Founded:
  • Industry: Hotels, Resorts and Cruise Lines
  • Sector: Consumer Services
  • Market Cap: HK$554.961m
  • Shares outstanding: 2.02b
  • Website: https://www.asiastandardhotelgroup.com

Number of Employees


Location

  • Asia Standard Hotel Group Limited
  • YF Life Tower
  • 30th Floor
  • Wanchai
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
292SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJul 2000

Biography

Asia Standard Hotel Group Limited, an investment holding company, owns and operates hotels in Hong Kong and Canada. It operates through three segments: Hotel Operation, Properties Under Development for Sale, and Financial Investments. The company owns and operates five hotels under the Empire Hotels brand in Hong Kong, as well as develops and manages properties. It also sells air tickets; arranges hotel reservations and incentive travel tours; provides travel agency services; and invests in securities. The company is headquartered in Wanchai, Hong Kong. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/21 12:43
End of Day Share Price2020/02/20 00:00
Earnings2019/09/30
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.