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Allied Group

SEHK:373
Snowflake Description

Undervalued average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
373
SEHK
HK$8B
Market Cap
  1. Home
  2. HK
  3. Diversified Financials
Company description

Allied Group Limited, an investment holding company, engages in the property investment and development, and financial service businesses in Hong Kong, Mainland China, and internationally. The last earnings update was 26 days ago. More info.


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373 Share Price and Events
7 Day Returns
-0.9%
SEHK:373
0.7%
HK Consumer Finance
0.3%
HK Market
1 Year Returns
-3.1%
SEHK:373
-33.8%
HK Consumer Finance
-4.8%
HK Market
373 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Allied Group (373) -0.9% -4% -0.9% -3.1% 20.2% 31.6%
HK Consumer Finance 0.7% 1.2% 9.5% -33.8% -30.9% -17.4%
HK Market 0.3% 1.6% 11.2% -4.8% 27% 20.8%
1 Year Return vs Industry and Market
  • 373 outperformed the Consumer Finance industry which returned -33.8% over the past year.
  • 373 outperformed the Market in Hong Kong which returned -4.8% over the past year.
Price Volatility
373
Industry
5yr Volatility vs Market

Value

 Is Allied Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Allied Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Allied Group.

SEHK:373 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$132.35 * 11.6%
HK$15.38
Book Value of Equity per Share Median Book Value from the past 5 years. HK$132.35
Discount Rate (Cost of Equity) See below 12.6%
Perpetual Growth Rate 10-Year HK Government Bond Rate 2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SEHK:373
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6.7%
Consumer Finance Unlevered Beta Simply Wall St/ S&P Global 0.69
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.694 (1 + (1- 25%) (227.46%))
1.589
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.59
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.589 * 6.65%)
12.57%

Discounted Cash Flow Calculation for SEHK:373 using Excess Returns Model Model

The calculations below outline how an intrinsic value for Allied Group 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:373 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (11.6% – 12.57%) * HK$132.35)
HK$-1.25
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= HK$-1.25 / (12.57% - 2%)
HK$-11.82
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= HK$132.35 + HK$-11.82
HK$120.53
SEHK:373 Discount to Share Price
Calculation Result
Value per share (HKD) From above. HK$120.53
Current discount Discount to share price of HK$45.60
= -1 x (HK$45.60 - HK$120.53) / HK$120.53
62.2%

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

Current Discount
Amount off the current price Allied Group is available for.
Intrinsic value
>50%
Share price is HK$45.6 vs Future cash flow value of HK$120.53
Current Discount Checks
For Allied Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Allied Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Allied Group's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Allied Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Allied Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:373 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in HKD HK$9.66
SEHK:373 Share Price ** SEHK (2019-04-18) in HKD HK$45.6
Hong Kong Consumer Finance Industry PE Ratio Median Figure of 19 Publicly-Listed Consumer Finance Companies 7.76x
Hong Kong Market PE Ratio Median Figure of 1,474 Publicly-Listed Companies 12.01x

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

** Primary Listing of Allied Group.

SEHK:373 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:373 Share Price ÷ EPS (both in HKD)

= 45.6 ÷ 9.66

4.72x

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

  • Allied Group is good value based on earnings compared to the HK Consumer Finance industry average.
  • Allied Group is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Allied Group's expected growth come at a high price?
Raw Data
SEHK:373 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.72x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
11.5%per year
Asia Consumer Finance Industry PEG Ratio Median Figure of 17 Publicly-Listed Consumer Finance Companies 1.09x
Hong Kong Market PEG Ratio Median Figure of 463 Publicly-Listed Companies 0.86x

*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 Allied Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Allied Group's assets?
Raw Data
SEHK:373 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in HKD HK$149.26
SEHK:373 Share Price * SEHK (2019-04-18) in HKD HK$45.6
Hong Kong Consumer Finance Industry PB Ratio Median Figure of 28 Publicly-Listed Consumer Finance Companies 0.7x
Hong Kong Market PB Ratio Median Figure of 2,149 Publicly-Listed Companies 1.03x
SEHK:373 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:373 Share Price ÷ Book Value per Share (both in HKD)

= 45.6 ÷ 149.26

0.31x

* Primary Listing of Allied Group.

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

  • Allied Group is good value based on assets compared to the HK Consumer Finance industry average.
X
Value checks
We assess Allied Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Consumer Finance 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 Consumer Finance industry average (and greater than 0)? (1 check)
  5. Allied Group has a total score of 5/6, 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 Allied Group expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Allied Group, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
11.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Allied Group expected to grow at an attractive rate?
  • Allied Group's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • Allied Group's earnings growth is positive but not above the Hong Kong market average.
  • Unable to compare Allied Group's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:373 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:373 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 11.5%
Hong Kong Consumer Finance Industry Earnings Growth Rate Market Cap Weighted Average 36.5%
Asia Consumer Finance Industry Revenue Growth Rate Market Cap Weighted Average 20.2%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.7%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 11.2%

*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:373 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:373 Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
SEHK:373 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-12-31 4,834 1,698
2018-09-30 4,674 2,222
2018-06-30 4,513 -2,814 2,745
2018-03-31 4,218 -2,873 2,991
2017-12-31 3,923 -2,932 3,236
2017-09-30 3,688 -1,650 3,943
2017-06-30 3,453 -368 4,651
2017-03-31 3,213 304 3,957
2016-12-31 2,973 976 3,263
2016-09-30 2,786 2,333
2016-06-30 2,598 2,257 1,403
2016-03-31 2,786 1,856 1,531

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Allied Group's earnings are expected to grow by 11.5% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Allied Group is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SEHK:373 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 Allied Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:373 Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
SEHK:373 Past Financials Data
Date (Data in HKD Millions) EPS *
2018-12-31 9.66
2018-09-30 12.64
2018-06-30 15.62
2018-03-31 16.99
2017-12-31 18.35
2017-09-30 22.31
2017-06-30 26.25
2017-03-31 22.29
2016-12-31 18.34
2016-09-30 13.03
2016-06-30 7.79
2016-03-31 8.44

*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 Allied Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Allied Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia 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.
Allied Group 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 Allied Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Allied Group's growth in the last year to its industry (Consumer Finance).
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.
  • Allied Group's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Allied Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Allied Group's 1-year earnings growth is negative, it can't be compared to the HK Consumer Finance industry average.
Earnings and Revenue History
Allied Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

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

SEHK:373 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 4,833.90 1,698.30 1,600.20
2018-09-30 4,673.55 2,221.85 1,656.25
2018-06-30 4,513.20 2,745.40 1,712.30
2018-03-31 4,218.30 2,990.65 1,667.35
2017-12-31 3,923.40 3,235.90 1,622.40
2017-09-30 3,688.20 3,943.35 1,578.35
2017-06-30 3,453.00 4,650.80 1,534.30
2017-03-31 3,212.95 3,957.00 1,502.10
2016-12-31 2,972.90 3,263.20 1,469.90
2016-09-30 2,785.65 2,333.20 1,501.10
2016-06-30 2,598.40 1,403.20 1,532.30
2016-03-31 2,785.80 1,531.20 1,569.95
2015-12-31 2,973.20 1,659.20 1,607.60
2015-09-30 3,305.05 1,658.25 1,614.85
2015-06-30 3,636.90 1,657.30 1,622.10
2015-03-31 3,681.80 1,573.10 1,564.70
2014-12-31 3,726.70 1,488.90 1,507.30
2014-06-30 3,960.70 1,224.40 1,606.10
2014-03-31 4,100.95 1,160.05 1,670.85
2013-12-31 4,241.20 1,095.70 1,735.60
2013-06-30 3,863.30 1,057.10 1,583.40
2013-03-31 3,788.60 1,198.70 1,562.75
2012-12-31 3,713.90 1,340.30 1,542.10
2012-09-30 3,887.05 1,224.95 1,586.10
2012-06-30 3,885.00 1,038.00 1,530.40

*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.
  • Allied Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Allied Group used its assets less efficiently than the HK Consumer Finance industry average last year based on Return on Assets.
  • Unable to establish if Allied Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Allied Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Consumer Finance 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.
Allied Group has a total score of 1/6, 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 Allied Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Allied Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Allied Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Allied Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Allied Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.6x 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 Allied Group Company Filings, last reported 3 months ago.

SEHK:373 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 46,661.90 18,229.90 10,720.20
2018-09-30 46,661.90 18,229.90 10,720.20
2018-06-30 47,598.30 15,091.90 10,583.40
2018-03-31 47,598.30 15,091.90 10,583.40
2017-12-31 46,260.50 13,432.40 10,411.80
2017-09-30 46,260.50 13,432.40 10,411.80
2017-06-30 43,362.70 10,079.20 9,372.60
2017-03-31 43,362.70 10,079.20 9,372.60
2016-12-31 41,111.60 10,660.10 10,086.30
2016-09-30 41,111.60 10,660.10 10,086.30
2016-06-30 37,803.20 10,996.90 10,153.90
2016-03-31 37,803.20 10,996.90 10,153.90
2015-12-31 38,047.40 10,253.70 10,085.70
2015-09-30 38,047.40 10,253.70 10,085.70
2015-06-30 38,154.20 10,480.90 11,552.10
2015-03-31 38,154.20 10,480.90 11,552.10
2014-12-31 33,906.40 11,466.40 7,264.20
2014-06-30 31,309.00 12,549.50 6,550.70
2014-03-31 31,309.00 12,549.50 6,550.70
2013-12-31 30,889.70 9,873.70 6,601.70
2013-06-30 29,893.00 10,407.80 6,693.20
2013-03-31 29,893.00 10,407.80 6,693.20
2012-12-31 29,368.50 9,305.80 7,768.90
2012-09-30 29,368.50 9,315.30 7,768.90
2012-06-30 27,998.90 7,492.60 6,235.40
  • Allied Group's level of debt (39.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (32.1% vs 39.1% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on Allied Group's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Allied Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Allied Group has a total score of 3/6, 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 Allied Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.48%
Current annual income from Allied Group dividends.
If you bought HK$2,000 of Allied Group shares you are expected to receive HK$110 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?
  • Allied Group's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (1.94%).
  • Allied Group's dividend is above the markets top 25% of dividend payers in Hong Kong (5.34%).
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:373 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 Consumer Finance Industry Average Dividend Yield Market Cap Weighted Average of 12 Stocks 4.7%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 965 Stocks 3.4%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.1%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 1.9%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.3%

Industry and Market average data is calculated daily.

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

SEHK:373 Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts
SEHK:373 Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2019-03-25 2.500 5.340
2018-08-20 2.500 5.502
2018-04-20 2.500 5.102
2018-03-26 2.500 5.088
2017-04-21 2.000 4.195
2017-03-27 2.000 3.868
2016-04-22 1.750 4.301
2016-03-23 1.750 4.623
2015-03-26 1.650 4.348
2014-04-22 1.500 4.478
2014-03-26 1.500 4.388
2013-03-27 1.150 4.039
2012-08-28 0.550 2.435
2012-03-29 0.550 3.117
2011-08-26 0.750 3.837
2011-03-30 0.750 2.938
2010-08-27 0.500 1.767
2010-04-29 0.500 1.941
2010-04-07 0.500 1.881
2009-09-07 0.350 1.794
2009-04-21 0.450 2.665

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 Allied Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.9x 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 Allied Group'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 Allied Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Allied Group 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 Allied Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Seng-Hui Lee
COMPENSATION HK$71,930,000
AGE 49
TENURE AS CEO 21.3 years
CEO Bio

Mr. Seng Hui Lee, LLB (Hons), has been the Chief Executive Officer of Allied Group Limited since January 1998. Mr. Lee has been the Chief Executive of Allied Properties (H.K.) Limited since June 18, 2010. Mr. Lee joined SHK Hong Kong Industries Limited in 1996. He has been an Executive Director of Allied Group Ltd. since December 1993. He has been an Executive Director of Allied Properties (H.K.) Limited since June 18, 2010. He was with Baker & McKenzie and N. M. Rothschild & Sons (Hong Kong) Limited. He served as an Executive Director of Mount Gibson Iron Limited since January 29, 2010. He served as an Executive Director of SHK Hong Kong Industries Limited from November 2007 to December 5, 2008. He has been the Chairman of Mount Gibson Iron Limited since February 19, 2014. He has been the Non-Executive Chairman and Non-Executive Director of Tian An China Investments Co. Limited since April 2, 2007. He served as the Chairman of SHK Hong Kong Industries Limited (formerly, Yu Ming Investments Ltd.) from July 2008 to December 5, 2008. He served as Non-Executive Deputy Chairman of Mount Gibson Iron Limited since December 14, 2012. He served as Chairman of the Board and Director of Asiasec Properties Ltd until January 4, 2018. He has been a Non-Executive Director of APAC Resources Limited since October 2, 2009. Mr. Lee has been a Non-executive director of Mount Gibson Iron Limited since January 29, 2010. He has been a Non-Executive Director of Dan Form Holdings Company Limited since November 18, 2016. He served as a Non-Executive Director of Tanami Gold NL from March 5, 2008 to November 7, 2013. He served as a Non Executive Director of Allied Group Ltd. since July 1992 and SHK Hong Kong Industries Limited until November 2007. Mr. Lee graduated from the Law School of the University of Sydney with Honours.

CEO Compensation
  • Seng-Hui's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Seng-Hui's remuneration is higher than average for companies of similar size in Hong Kong.
Management Team Tenure

Average tenure and age of the Allied Group management team in years:

3.1
Average Tenure
55
Average Age
  • The tenure for the Allied Group management team is about average.
Management Team

Seng-Hui Lee

TITLE
CEO & Executive Director
COMPENSATION
HK$72M
AGE
49
TENURE
21.3 yrs

Edwin Lo

TITLE
Executive Director
COMPENSATION
HK$9M
AGE
57

Pak Mak

TITLE
Executive Director
COMPENSATION
HK$4M
AGE
71

Kelvin Lam

TITLE
Acting Group Financial Controller
AGE
51
TENURE
0.8 yrs

Mark Wong

TITLE
Director of Investment
AGE
53
TENURE
11.6 yrs

Kenneth Li

TITLE
General Consultant
AGE
64
TENURE
0.8 yrs

Patrick Lee

TITLE
Chief Executive of Allied Properties and Director of Allied Properties
AGE
66

Tung Ni Lau

TITLE
Company Secretary
AGE
36
TENURE
3.1 yrs
Board of Directors Tenure

Average tenure and age of the Allied Group board of directors in years:

16.1
Average Tenure
57
Average Age
  • The average tenure for the Allied Group board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Arthur Dew

TITLE
Chairman of the Board
COMPENSATION
HK$4M
AGE
76
TENURE
12.3 yrs

Seng-Hui Lee

TITLE
CEO & Executive Director
COMPENSATION
HK$72M
AGE
49
TENURE
26.8 yrs

Edwin Lo

TITLE
Executive Director
COMPENSATION
HK$9M
AGE
57
TENURE
18.9 yrs

Pak Mak

TITLE
Executive Director
COMPENSATION
HK$4M
AGE
71
TENURE
13.3 yrs

Patrick Lee

TITLE
Chief Executive of Allied Properties and Director of Allied Properties
AGE
66

David Bartlett

TITLE
Independent Non-Executive Director
COMPENSATION
HK$360K
AGE
52
TENURE
19.3 yrs

Alan Jones

TITLE
Independent Non-Executive Director
COMPENSATION
HK$740K
AGE
75
TENURE
13.3 yrs

Su Hwei Lee

TITLE
Non-Executive Director
AGE
47
TENURE
18.9 yrs

Lisa Yang

TITLE
Independent Non-Executive Director
COMPENSATION
HK$100K
AGE
51
TENURE
5.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
07. Mar 19 Sell Dalton Investments LLC Company 05. Mar 19 05. Mar 19 -28,000 HK$47.27 HK$-1,323,599
X
Management checks
We assess Allied Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Allied Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

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

News

Simply Wall St News

Should You Buy Allied Group Limited (HKG:373) For Its Dividend?

Historically, Allied Group Limited (HKG:373) has been paying a dividend to shareholders. … Let's take a look at Allied Group in more detail. … View our latest analysis for Allied Group

Simply Wall St -

If You Had Bought Allied Group Shares Three Years Ago You'd Have Made 43%

Unfortunately for shareholders, while the Allied Group Limited (HKG:373) share price is up 43% in the last three years, that falls short of the market return. … During three years of share price growth, Allied Group achieved compound earnings per share growth of 24% per year. … The average annual share price increase of 13% is actually lower than the EPS growth.

Simply Wall St -

Should You Be Pleased About The CEO Pay At Allied Group Limited's (HKG:373)

Seng-Hui Lee has been the CEO of Allied Group Limited (HKG:373) since 1998. … This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Seng-Hui Lee's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Should Allied Group Limited (HKG:373) Be Part Of Your Portfolio?

Historically, Allied Group Limited (HKG:373) has paid a dividend to shareholders. … Does Allied Group tick all the boxes of a great dividend stock? … View our latest analysis for Allied Group

Simply Wall St -

Here's What Allied Group Limited's (HKG:373) P/E Ratio Is Telling Us

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … We'll look at Allied Group Limited's (HKG:373) P/E ratio and reflect on what it tells us about the company's share price. … Allied Group has a price to earnings ratio of 2.69, based on the last twelve months.

Simply Wall St -

Allied Group Limited (HKG:373): Ex-Dividend Is In 2 Days, Should You Buy?

To qualify for the dividend check of HK$0.15 per share, investors must have owned the shares prior to 03 September 2018, which is the last day the company's management will finalize their list of shareholders to which they will send dividend payments. … Investors looking for higher income-generating stocks to add to their portfolio should keep reading, as I examine Allied Group's latest financial data to analyse its dividend characteristics. … When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas:?

Simply Wall St -

What To Know Before Buying Allied Group Limited (HKG:373) For Its Dividend

Over the past 10 years, Allied Group Limited (HKG:373) has returned an average of 4.00% per year to shareholders in terms of dividend yield. … Let's dig deeper into whether Allied Group should have a place in your portfolio. … See our latest analysis for Allied Group

Simply Wall St -

Reasons Why I Like Allied Group Limited (HKG:373)

Attractive stocks have exceptional fundamentals. … In the case of Allied Group Limited (HKG:373), there's

Simply Wall St -

Interested In Allied Group Limited (HKG:373)’s Upcoming $2.35 Dividend? You Have 2 Days Left

On the 09 May 2018, Allied Group Limited (SEHK:373) will be paying shareholders an upcoming dividend amount of HK$2.35 per share. … Check out our latest analysis for Allied Group 5 questions to ask before buying a dividend stock If you are a dividend investor, you should always assess these five key metrics: Is it the top 25% annual dividend yield payer? … If there's one type of stock you want to be reliable, it's dividend stocks and their stable income-generating ability.

Simply Wall St -

Should Your Next Investment In The Financial Industry Be In Allied Group Limited (HKG:373)?

Check out our latest analysis for Allied Group What’s the catalyst for Allied Group's sector growth? … In terms of returns, Allied Group generated 16.76% in the past year, which is 5.50% over the consumer finance sector. … Next Steps: Allied Group recently delivered an industry-beating growth rate in earnings, which is a positive for shareholders.

Simply Wall St -

Company Info

Description

Allied Group Limited, an investment holding company, engages in the property investment and development, and financial service businesses in Hong Kong, Mainland China, and internationally. The company’s Investment and Finance segment is involved in the investment activities; and provision of term loan financing. Its Consumer Finance segment offers consumer loan finance products. The company’s Property Development and Investment segment is involved in the development and sale of properties; and property rental and property management activities, as well as hotel operations managed by third parties. Its Corporate and Other Operations segment provides elderly care services. The company also provides property trading and holding, securities trading, money lending, consultancy, real estate agency, management, corporate, security and guarding, building management, secretarial, investment consultancy and advisory, investment fund, corporate marketing, securitization fund, financial consultancy, asset management, and loan guarantee services. In addition, it is involved in the medical equipment supplies distribution and asset holding activities. The company is based in Wanchai, Hong Kong. Allied Group Limited is a subsidiary of Lee and Lee Trust.

Details
Name: Allied Group Limited
373
Exchange: SEHK
Founded:
HK$8,014,387,780
175,754,118
Website: http://www.alliedgroup.com.hk
Address: Allied Group Limited
Allied Kajima Building,
22nd Floor,
Wanchai,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 373 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 02. Jan 1992
OTCPK ADGP.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
OTCPK ALED.Y UNSPONSORD ADR Pink Sheets LLC US USD 06. Jan 2011
Number of employees
Current staff
Staff numbers
4,337
Allied Group employees.
Industry
Consumer Finance
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/20 12:32
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2018/03/26
Last earnings filing: 2019/03/25
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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