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Rivera (Holdings)

SEHK:281
Snowflake Description

Flawless balance sheet, good value and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
281
SEHK
HK$2B
Market Cap
  1. Home
  2. HK
  3. Diversified Financials
Company description

Rivera (Holdings) Limited, an investment holding company, engages in property development and investment, and securities trading and investment businesses in Hong Kong, Macau, and Mainland China. The last earnings update was 152 days ago. More info.


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281 Share Price and Events
7 Day Returns
10.3%
SEHK:281
4.5%
HK Capital Markets
1%
HK Market
1 Year Returns
6.7%
SEHK:281
-24.5%
HK Capital Markets
-11.2%
HK Market
281 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Rivera (Holdings) (281) 10.3% 10.3% 20.8% 6.7% 82.9% 100%
HK Capital Markets 4.5% 9.8% 11.2% -24.5% -5.1% 18.7%
HK Market 1% 5.3% 7.5% -11.2% 32.7% 16.2%
1 Year Return vs Industry and Market
  • 281 outperformed the Capital Markets industry which returned -24.5% over the past year.
  • 281 outperformed the Market in Hong Kong which returned -11.2% over the past year.
Price Volatility
281
Industry
5yr Volatility vs Market

Value

 Is Rivera (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 Rivera (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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Rivera (Holdings).

SEHK:281 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= HK$0.98 * 8.7%
HK$0.09
Book Value of Equity per Share Median Book Value from the past 5 years. HK$0.98
Discount Rate (Cost of Equity) See below 9.9%
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:281
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 8%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.99
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.987 (1 + (1- 25%) (0%))
0.987
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.99
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (0.987 * 8%)
9.9%

Discounted Cash Flow Calculation for SEHK:281 using Excess Returns Model Model

The calculations below outline how an intrinsic value for Rivera (Holdings) is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

SEHK:281 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (8.7% – 9.9%) * HK$0.98)
HK$-0.01
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= HK$-0.01 / (9.9% - 2%)
HK$-0.15
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= HK$0.98 + HK$-0.15
HK$0.83
SEHK:281 Discount to Share Price
Calculation Result
Value per share (HKD) From above. HK$0.83
Current discount Discount to share price of HK$0.64
= -1 x (HK$0.64 - HK$0.83) / HK$0.83
23.1%

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

Current Discount
Amount off the current price Rivera (Holdings) is available for.
Intrinsic value
23%
Share price is HK$0.64 vs Future cash flow value of HK$0.83276
Current Discount Checks
For Rivera (Holdings) to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Rivera (Holdings)'s share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Rivera (Holdings)'s share price is below the future cash flow value, but not 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 Rivera (Holdings)'s earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Rivera (Holdings)'s earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:281 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in HKD HK$0.06
SEHK:281 Share Price ** SEHK (2019-02-19) in HKD HK$0.64
Hong Kong Capital Markets Industry PE Ratio Median Figure of 50 Publicly-Listed Capital Markets Companies 13.43x
Hong Kong Market PE Ratio Median Figure of 1,481 Publicly-Listed Companies 10.7x

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

** Primary Listing of Rivera (Holdings).

SEHK:281 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:281 Share Price ÷ EPS (both in HKD)

= 0.64 ÷ 0.06

10.05x

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

  • Rivera (Holdings) is good value based on earnings compared to the HK Capital Markets industry average.
  • Rivera (Holdings) is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Rivera (Holdings)'s expected growth come at a high price?
Raw Data
SEHK:281 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.05x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
3.5%per year
Hong Kong Capital Markets Industry PEG Ratio Median Figure of 8 Publicly-Listed Capital Markets Companies 0.52x
Hong Kong Market PEG Ratio Median Figure of 465 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 Rivera (Holdings), we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Rivera (Holdings)'s assets?
Raw Data
SEHK:281 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in HKD HK$1.09
SEHK:281 Share Price * SEHK (2019-02-19) in HKD HK$0.64
Hong Kong Capital Markets Industry PB Ratio Median Figure of 72 Publicly-Listed Capital Markets Companies 0.7x
Hong Kong Market PB Ratio Median Figure of 2,118 Publicly-Listed Companies 0.96x
SEHK:281 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:281 Share Price ÷ Book Value per Share (both in HKD)

= 0.64 ÷ 1.09

0.58x

* Primary Listing of Rivera (Holdings).

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

  • Rivera (Holdings) is good value based on assets compared to the HK Capital Markets industry average.
X
Value checks
We assess Rivera (Holdings)'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 Capital Markets 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 Capital Markets industry average (and greater than 0)? (1 check)
  5. Rivera (Holdings) has a total score of 4/6, 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 Rivera (Holdings) expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Rivera (Holdings), 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
3.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Rivera (Holdings) expected to grow at an attractive rate?
  • Rivera (Holdings)'s earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • Rivera (Holdings)'s earnings growth is positive but not above the Hong Kong market average.
  • Unable to compare Rivera (Holdings)'s revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:281 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:281 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 3.5%
Hong Kong Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 16.6%
Hong Kong Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 10.9%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.6%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.2%

*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:281 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (7 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:281 Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
SEHK:281 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-06-30 36 36 166
2018-03-31 19 3 224
2017-12-31 2 -30 281
2017-09-30 2 205 372
2017-06-30 3 441 464
2017-03-31 3 459 385
2016-12-31 4 477 306
2016-09-30 4 104 252
2016-06-30 3 -269 199
2016-03-31 3 -269 187
2015-12-31 2 -268 174
2015-09-30 14 -81 151

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Rivera (Holdings)'s earnings are expected to grow by 3.5% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Rivera (Holdings) 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:281 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Rivera (Holdings) Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:281 Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
SEHK:281 Past Financials Data
Date (Data in HKD Millions) EPS *
2018-06-30 0.06
2018-03-31 0.09
2017-12-31 0.11
2017-09-30 0.14
2017-06-30 0.18
2017-03-31 0.15
2016-12-31 0.12
2016-09-30 0.10
2016-06-30 0.08
2016-03-31 0.07
2015-12-31 0.07
2015-09-30 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 Rivera (Holdings) will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Rivera (Holdings)'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.
Rivera (Holdings) has a total score of 1/6, 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 Rivera (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
Below we compare Rivera (Holdings)'s growth in the last year to its industry (Capital Markets).
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.
  • Rivera (Holdings)'s year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Rivera (Holdings)'s 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Rivera (Holdings)'s 1-year earnings growth is negative, it can't be compared to the HK Capital Markets industry average.
Earnings and Revenue History
Rivera (Holdings)'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 Rivera (Holdings) Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:281 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 36.10 166.05 12.33
2018-03-31 19.18 223.60 12.31
2017-12-31 2.27 281.14 12.30
2017-09-30 2.42 372.34 12.39
2017-06-30 2.57 463.54 12.48
2017-03-31 3.13 384.56 12.32
2016-12-31 3.68 305.59 12.17
2016-09-30 3.57 252.29 12.43
2016-06-30 3.45 199.00 12.69
2016-03-31 2.70 186.56 12.62
2015-12-31 1.96 174.13 12.55
2015-09-30 14.36 151.44 11.91
2015-06-30 26.77 128.76 11.27
2015-03-31 26.75 160.67 11.13
2014-12-31 26.72 192.58 10.99
2014-09-30 14.05 285.47 10.83
2014-06-30 1.37 378.36 10.68
2014-03-31 1.30 328.98 10.46
2013-12-31 1.23 279.61 10.25
2013-09-30 1.20 271.43 10.16
2013-06-30 1.17 263.25 10.07
2013-03-31 6.68 271.21 9.93
2012-12-31 12.18 279.17 9.80
2012-09-30 12.57 233.13 9.71
2012-06-30 12.96 187.08 9.61
2012-03-31 8.53 162.88 9.54

*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.
  • Rivera (Holdings) has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Rivera (Holdings) used its assets less efficiently than the HK Capital Markets industry average last year based on Return on Assets.
  • Rivera (Holdings) has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Rivera (Holdings)'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 Capital Markets 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.
Rivera (Holdings) has a total score of 2/6, 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 Rivera (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 Rivera (Holdings)'s finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Rivera (Holdings) is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Rivera (Holdings)'s cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Rivera (Holdings)'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.
  • Rivera (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.
Raw Data

All data from Rivera (Holdings) Company Filings, last reported 7 months ago.

SEHK:281 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 2,863.91 0.00 1,211.85
2018-03-31 2,863.91 0.00 1,211.85
2017-12-31 2,958.41 0.00 1,276.02
2017-09-30 2,958.41 0.00 1,276.02
2017-06-30 3,052.91 0.00 1,076.27
2017-03-31 3,052.91 0.00 1,076.27
2016-12-31 2,576.85 0.00 1,179.50
2016-09-30 2,576.85 0.00 1,179.50
2016-06-30 2,319.53 0.00 1,094.35
2016-03-31 2,319.53 0.00 1,094.35
2015-12-31 2,242.78 0.00 1,130.84
2015-09-30 2,242.78 0.00 1,130.84
2015-06-30 2,252.50 0.00 882.98
2015-03-31 2,252.50 0.00 882.98
2014-12-31 2,204.45 0.00 874.08
2014-09-30 2,204.45 0.00 874.08
2014-06-30 2,193.13 0.00 812.25
2014-03-31 2,193.13 0.00 812.25
2013-12-31 2,169.86 0.00 858.05
2013-09-30 2,169.86 0.00 858.05
2013-06-30 1,871.20 0.00 821.97
2013-03-31 1,871.20 0.00 821.97
2012-12-31 1,876.05 0.00 683.53
2012-09-30 1,876.05 0.00 683.53
2012-06-30 1,550.47 0.00 614.43
2012-03-31 1,550.47 0.00 614.43
  • Rivera (Holdings) has no debt.
  • Rivera (Holdings) has not taken on any debt in the past 5 years.
  • Rivera (Holdings) has no debt, it does not need to be covered by operating cash flow.
  • Rivera (Holdings) has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Rivera (Holdings)'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. Rivera (Holdings) has a total score of 6/6, 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 Rivera (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
Dividend payments
7.03%
Current annual income from Rivera (Holdings) dividends.
If you bought HK$2,000 of Rivera (Holdings) shares you are expected to receive HK$141 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?
  • Rivera (Holdings)'s pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2%).
  • Rivera (Holdings)'s dividend is above the markets top 25% of dividend payers in Hong Kong (5.54%).
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:281 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 Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 32 Stocks 4.1%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 916 Stocks 3.5%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.1%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.5%

Industry and Market average data is calculated daily.

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

SEHK:281 Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts
SEHK:281 Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2018-04-26 0.045 8.042
2018-03-16 0.045 7.527
2017-04-26 0.050 8.563
2017-03-17 0.050 7.701
2016-05-26 0.020 4.047
2015-05-28 0.020 5.115
2014-04-29 0.020 5.355
2014-03-21 0.020 6.029
2013-04-29 0.020 6.446
2013-03-22 0.020 6.530
2012-03-22 0.011 4.670
2011-03-25 0.015 5.899
2010-03-30 0.020 5.743
2009-04-29 0.010 3.114
2009-04-03 0.010 5.190
2009-02-20 0.020 11.863

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Rivera (Holdings)'s earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.4x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Rivera (Holdings)'s dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 Rivera (Holdings) afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Rivera (Holdings) has a total score of 4/6, 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 Rivera (Holdings)'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.
  • Rivera (Holdings) has no CEO, or we have no data on them.
Management Team

Albert Tong

TITLE
Executive Director
COMPENSATION
HK$970K
AGE
35

Feng Hsu

TITLE
Executive Director
AGE
67

Suxia Fan

TITLE
Executive Director
COMPENSATION
HK$959K
AGE
46

Fahua Wang

TITLE
Executive Director
AGE
55

Sau King Kwok

TITLE
Financial Controller
AGE
59
TENURE
19.4 yrs

Yuen Lee

TITLE
Company Secretary
AGE
51
TENURE
20.9 yrs
Board of Directors Tenure

Average tenure and age of the Rivera (Holdings) board of directors in years:

11.6
Average Tenure
53
Average Age
  • The average tenure for the Rivera (Holdings) board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Ying Liu

TITLE
Non Executive Chairman
AGE
45
TENURE
1.1 yrs

Albert Tong

TITLE
Executive Director
COMPENSATION
HK$970K
AGE
35
TENURE
17.9 yrs

Feng Hsu

TITLE
Executive Director
AGE
67
TENURE
29.1 yrs

Suxia Fan

TITLE
Executive Director
COMPENSATION
HK$959K
AGE
46
TENURE
4.3 yrs

Fahua Wang

TITLE
Executive Director
AGE
55
TENURE
3.8 yrs

Hong Zhang

TITLE
Independent Non Executive Director
COMPENSATION
HK$117K
AGE
44
TENURE
13.8 yrs

Hing Sit

TITLE
Independent Non-Executive Director
COMPENSATION
HK$112K
AGE
69
TENURE
11.6 yrs

Tze-Chun Sung

TITLE
Non-Executive Director
AGE
67
TENURE
13.1 yrs

Ricky Hung

TITLE
Independent Non-Executive Director
AGE
53
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
08. Jan 19 Buy Step Famous Investment Limited Company 10. Dec 18 13. Dec 18 552,000 HK$0.55 HK$303,534
20. Dec 18 Buy Step Famous Investment Limited Company 11. Dec 18 11. Dec 18 1,000,000 HK$0.55 HK$550,001
12. Dec 18 Buy Step Famous Investment Limited Company 07. Dec 18 07. Dec 18 1,000,000 HK$0.55 HK$550,000
X
Management checks
We assess Rivera (Holdings)'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. Rivera (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

What Kind Of Shareholders Own Rivera (Holdings) Limited (HKG:281)?

If you want to know who really controls Rivera (Holdings) Limited (HKG:281), then you'll have to look at the makeup of its share registry. … With a market capitalization of HK$1.4b, Rivera (Holdings) is a small cap stock, so it might not be well known by many institutional investors. … See our latest analysis for Rivera (Holdings)

Simply Wall St -

Should You Be Concerned About Rivera (Holdings) Limited's (HKG:281) Earnings Growth?

Understanding Rivera (Holdings) Limited's (HKG:281) performance as a company requires examining more than earnings from one point in time. … Today I will take you through a basic sense check to gain perspective on how Rivera (Holdings) is doing by evaluating its latest earnings with its longer term trend as well as its industry peers' performance over the same period. … View our latest analysis for Rivera (Holdings)?

Simply Wall St -

Should You Be Concerned About Rivera (Holdings) Limited's (HKG:281) Investors?

In this analysis, my focus will be on developing a perspective on Rivera (Holdings) Limited’s (HKG:281) latest ownership structure, a less discussed, but important factor. … The implications of these institutions’ actions can either benefit or hinder individual investors, so it is important to understand the ownership composition of your stock investment. … Check out our latest analysis for Rivera (Holdings)

Simply Wall St -

Spotlight On Rivera (Holdings) Limited's (HKG:281) Fundamentals

Rivera (Holdings) Limited (HKG:281) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects. … In the case of 281, it

Simply Wall St -

Rivera (Holdings) Limited (HKG:281): What You Have To Know Before Buying For The Upcoming Dividend

Rivera (Holdings) Limited (SEHK:281) will be distributing its dividend of HK$0.05 per share on the 14 June 2018, and will start trading ex-dividend in 3 days time on the 04 June 2018. … View our latest analysis for Rivera (Holdings) 5 questions to ask before buying a dividend stock Whenever I am looking at a potential dividend stock investment, I always check these five metrics: Is it the top 25% annual dividend yield payer? … SEHK:281 Historical Dividend Yield May 31st 18 Does Rivera (Holdings) pass our checks?

Simply Wall St -

Is It Time To Buy Rivera (Holdings) Limited (HKG:281) Based Off Its PE Ratio?

By comparing a stock’s price per share to its earnings per share, we are able to see how much investors are paying for each dollar of the company’s earnings. … Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for 281 Price per share = HK$0.61 Earnings per share = HK$0.108 ∴ Price-Earnings Ratio = HK$0.61 ÷ HK$0.108 = 5.7x On its own, the P/E ratio doesn’t tell you much; however, it becomes extremely useful when you compare it with other similar companies. … 281’s P/E of 5.7x is lower than its industry peers (13.3x), which implies that each dollar of 281’s earnings is being undervalued by investors.

Simply Wall St -

Cheap Financial Stocks To Watch Out For In April

Rivera (Holdings) and AEON Credit Service (Asia) are two financial stocks I have identified as undervalued. … Rivera (Holdings) Limited (SEHK:281) Rivera (Holdings) Limited, an investment holding company, engages in property development and investment, and securities trading and investment businesses in Hong Kong, Macau, and Mainland China. … SEHK:281 PE PEG Gauge Apr 26th 18 AEON Credit Service (Asia) Company Limited (SEHK:900) AEON Credit Service (Asia) Company Limited, together with its subsidiaries, engages in the consumer finance business in Hong Kong.

Simply Wall St -

With A -8.00% Earnings Drop, Is Rivera (Holdings) Limited's (HKG:281) A Concern?

After reading Rivera (Holdings) Limited's (SEHK:281) most recent earnings announcement (31 December 2017), I found it useful to look back at how the company has performed in the past and compare this against the latest numbers. … View our latest analysis for Rivera (Holdings) Was 281's recent earnings decline indicative of a tough track record? … Given that these values are somewhat short-term thinking, I have computed an annualized five-year figure for 281's net income, which stands at HK$246.08M This means although earnings growth was negative from the prior year, over time, Rivera (Holdings)'s profits have been rising on average.

Simply Wall St -

March Top Undervalued Financial Stock

Recent undervalued financial companies based on their current market price include Rivera (Holdings) and AEON Credit Service (Asia). … Rivera (Holdings) Limited (SEHK:281) Rivera (Holdings) Limited, an investment holding company, engages in property development and investment, and securities trading and investment businesses in Hong Kong, Macau, and Mainland China. … SEHK:900 PE PEG Gauge Mar 22nd 18 Get Nice Holdings Limited (SEHK:64) Get Nice Holdings Limited, an investment holding company, provides various financial services in Hong Kong.

Simply Wall St -

What You Must Know About Rivera (Holdings) Limited's (HKG:281) Risks

Check out our latest analysis for Rivera (Holdings) An interpretation of 281's beta With a five-year beta of 0.63, Rivera (Holdings) appears to be a less volatile company compared to the rest of the market. … 281's beta implies it may be a stock that investors with high-beta portfolios might find relevant if they wanted to reduce their exposure to market risk, especially during times of downturns. … 281, with its market capitalisation of HK$1.54B, is a small-cap stock, which generally have higher beta than similar companies of larger size.

Simply Wall St -

Company Info

Map
Description

Rivera (Holdings) Limited, an investment holding company, engages in property development and investment, and securities trading and investment businesses in Hong Kong, Macau, and Mainland China. The company undertakes residential and commercial cum-office development projects; and holds, sells, and leases approximately 300 car parking spaces. It also engages in investment management activities. The company was founded in 1964 and is based in Central, Hong Kong. Rivera (Holdings) Limited is considered a Red Chip company due to its listing on the Hong Kong Stock Exchange.

Details
Name: Rivera (Holdings) Limited
281
Exchange: SEHK
Founded: 1964
HK$1,669,469,767
2,608,546,511
Website: http://www.rivera.com.hk
Address: Rivera (Holdings) Limited
Wing On Centre,
Rooms 1501-2 and 1507-12,
Central,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 281 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 02. Jan 1992
DB RIA Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
5
Rivera (Holdings) employees.
Industry
Investment Banking and Brokerage
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/19 12:51
End of day share price update: 2019/02/19 00:00
Last estimates confirmation: 2018/03/16
Last earnings filing: 2018/09/20
Last earnings reported: 2018/06/30
Last annual earnings reported: 2017/12/31


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.