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Allied Properties (H.K.)

SEHK:56
Snowflake Description

Undervalued with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
56
SEHK
HK$12B
Market Cap
  1. Home
  2. HK
  3. Diversified Financials
Company description

Allied Properties (H.K.) Limited, an investment holding company, engages in the property investment, property development, hospitality related, financial service, and elderly care service businesses in Hong Kong, Mainland China, and internationally. The last earnings update was 25 days ago. More info.


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56 Share Price and Events
7 Day Returns
-2.7%
SEHK:56
0.4%
HK Consumer Finance
0.5%
HK Market
1 Year Returns
18.3%
SEHK:56
-34.5%
HK Consumer Finance
-6.1%
HK Market
56 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Allied Properties (H.K.) (56) -2.7% -2.2% 4% 18.3% 21.5% 32.1%
HK Consumer Finance 0.4% 1.3% 9.4% -34.5% -31.2% -17.8%
HK Market 0.5% 1.1% 11.2% -6.1% 25.9% 19.4%
1 Year Return vs Industry and Market
  • 56 outperformed the Consumer Finance industry which returned -34.5% over the past year.
  • 56 outperformed the Market in Hong Kong which returned -6.1% over the past year.
Price Volatility
56
Industry
5yr Volatility vs Market

56 Value

 Is Allied Properties (H.K.) 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 Properties (H.K.) 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 Properties (H.K.).

SEHK:56 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$4.83 * 11%
HK$0.53
Book Value of Equity per Share Median Book Value from the past 5 years. HK$4.83
Discount Rate (Cost of Equity) See below 10.7%
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:56
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))
= 0.686 (1 + (1- 25%) (149.81%))
1.306
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.31
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.306 * 6.65%)
10.69%

Discounted Cash Flow Calculation for SEHK:56 using Excess Returns Model Model

The calculations below outline how an intrinsic value for Allied Properties (H.K.) 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:56 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (11% – 10.69%) * HK$4.83)
HK$0.02
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= HK$0.02 / (10.69% - 2%)
HK$0.19
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= HK$4.83 + HK$0.19
HK$5.02
SEHK:56 Discount to Share Price
Calculation Result
Value per share (HKD) From above. HK$5.02
Current discount Discount to share price of HK$1.81
= -1 x (HK$1.81 - HK$5.02) / HK$5.02
63.9%

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

Current Discount
Amount off the current price Allied Properties (H.K.) is available for.
Intrinsic value
>50%
Share price is HK$1.81 vs Future cash flow value of HK$5.02
Current Discount Checks
For Allied Properties (H.K.) to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Allied Properties (H.K.)'s share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Allied Properties (H.K.)'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 Properties (H.K.)'s earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Allied Properties (H.K.)'s earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:56 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in HKD HK$0.34
SEHK:56 Share Price ** SEHK (2019-04-18) in HKD HK$1.81
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 12x

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

** Primary Listing of Allied Properties (H.K.).

SEHK:56 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:56 Share Price ÷ EPS (both in HKD)

= 1.81 ÷ 0.34

5.26x

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

  • Allied Properties (H.K.) is good value based on earnings compared to the HK Consumer Finance industry average.
  • Allied Properties (H.K.) is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Allied Properties (H.K.)'s expected growth come at a high price?
Raw Data
SEHK:56 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.26x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
9.6%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 462 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 Properties (H.K.), we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Allied Properties (H.K.)'s assets?
Raw Data
SEHK:56 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in HKD HK$5.39
SEHK:56 Share Price * SEHK (2019-04-18) in HKD HK$1.81
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:56 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:56 Share Price ÷ Book Value per Share (both in HKD)

= 1.81 ÷ 5.39

0.34x

* Primary Listing of Allied Properties (H.K.).

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

  • Allied Properties (H.K.) is good value based on assets compared to the HK Consumer Finance industry average.
X
Value checks
We assess Allied Properties (H.K.)'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 Properties (H.K.) 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.

56 Future Performance

 How is Allied Properties (H.K.) expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Allied Properties (H.K.), 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
9.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Allied Properties (H.K.) expected to grow at an attractive rate?
  • Allied Properties (H.K.)'s earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • Allied Properties (H.K.)'s earnings growth is positive but not above the Hong Kong market average.
  • Unable to compare Allied Properties (H.K.)'s revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:56 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:56 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 9.6%
Hong Kong Consumer Finance Industry Earnings Growth Rate Market Cap Weighted Average 36.2%
Asia Consumer Finance Industry Revenue Growth Rate Market Cap Weighted Average 20.6%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.6%
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:56 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:56 Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
SEHK:56 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-12-31 4,628 2,343
2018-09-30 4,251 2,930
2018-06-30 3,873 -2,999 3,517
2018-03-31 3,808 -3,108 3,754
2017-12-31 3,742 -3,218 3,991
2017-09-30 3,511 -1,787 4,976
2017-06-30 3,280 -357 5,960
2017-03-31 3,053 243 5,156
2016-12-31 2,825 843 4,353
2016-09-30 2,654 3,336
2016-06-30 2,483 1,750 2,318
2016-03-31 2,659 1,710 2,336

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Allied Properties (H.K.)'s earnings are expected to grow by 9.6% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Allied Properties (H.K.) 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:56 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 Properties (H.K.) Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:56 Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
SEHK:56 Past Financials Data
Date (Data in HKD Millions) EPS *
2018-12-31 0.34
2018-09-30 0.43
2018-06-30 0.52
2018-03-31 0.55
2017-12-31 0.59
2017-09-30 0.73
2017-06-30 0.87
2017-03-31 0.76
2016-12-31 0.64
2016-09-30 0.49
2016-06-30 0.34
2016-03-31 0.34

*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 Properties (H.K.) will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Allied Properties (H.K.)'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 Properties (H.K.) 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.

56 Past Performance

  How has Allied Properties (H.K.) 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 Properties (H.K.)'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 Properties (H.K.) has delivered over 20% year on year earnings growth in the past 5 years.
  • Allied Properties (H.K.)'s 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Allied Properties (H.K.)'s 1-year earnings growth is negative, it can't be compared to the HK Consumer Finance industry average.
Earnings and Revenue History
Allied Properties (H.K.)'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 Properties (H.K.) Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:56 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 4,628.10 2,343.40 1,480.80
2018-09-30 4,250.60 2,930.05 1,530.60
2018-06-30 3,873.10 3,516.70 1,580.40
2018-03-31 3,807.50 3,753.90 1,537.25
2017-12-31 3,741.90 3,991.10 1,494.10
2017-09-30 3,511.10 4,975.50 1,450.50
2017-06-30 3,280.30 5,959.90 1,406.90
2017-03-31 3,052.85 5,156.40 1,388.25
2016-12-31 2,825.40 4,352.90 1,369.60
2016-09-30 2,654.05 3,335.60 1,399.20
2016-06-30 2,482.70 2,318.30 1,428.80
2016-03-31 2,659.15 2,335.70 1,473.25
2015-12-31 2,835.60 2,353.10 1,517.70
2015-09-30 3,157.50 2,121.15 1,521.85
2015-06-30 3,479.40 1,889.20 1,526.00
2015-03-31 3,530.00 1,846.40 1,470.10
2014-12-31 3,580.60 1,803.60 1,414.20
2014-06-30 3,844.30 1,432.50 1,516.30
2014-03-31 3,984.90 1,358.00 1,580.90
2013-12-31 4,125.50 1,283.50 1,645.50
2013-06-30 3,753.90 1,302.20 1,494.00
2013-03-31 3,671.20 1,471.45 1,476.75
2012-12-31 3,588.50 1,640.70 1,459.50
2012-09-30 3,746.90 1,634.15 1,511.05
2012-06-30 3,757.10 1,529.70 1,459.60

*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 Properties (H.K.) has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Allied Properties (H.K.) used its assets less efficiently than the HK Consumer Finance industry average last year based on Return on Assets.
  • Unable to establish if Allied Properties (H.K.) 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 Properties (H.K.)'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 Properties (H.K.) 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.

56 Health

 How is Allied Properties (H.K.)'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 Properties (H.K.)'s finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Allied Properties (H.K.) is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Allied Properties (H.K.)'s cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Allied Properties (H.K.)'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 1.3x 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 Properties (H.K.) Company Filings, last reported 3 months ago.

SEHK:56 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 47,880.80 18,471.60 9,410.20
2018-09-30 47,880.80 18,471.60 9,410.20
2018-06-30 48,744.10 15,332.00 8,834.20
2018-03-31 48,744.10 15,332.00 8,834.20
2017-12-31 47,294.30 13,676.70 8,608.80
2017-09-30 47,294.30 13,676.70 8,608.80
2017-06-30 44,519.60 10,317.20 7,887.20
2017-03-31 44,519.60 10,317.20 7,887.20
2016-12-31 42,475.60 10,894.00 8,819.40
2016-09-30 42,475.60 10,894.00 8,819.40
2016-06-30 39,178.30 11,231.00 8,772.90
2016-03-31 39,178.30 11,231.00 8,772.90
2015-12-31 39,306.80 10,441.80 8,640.00
2015-09-30 39,306.80 10,441.80 8,640.00
2015-06-30 38,851.40 10,671.40 9,595.60
2015-03-31 38,851.40 10,671.40 9,595.60
2014-12-31 34,789.20 11,675.40 5,326.10
2014-06-30 32,295.90 12,767.30 4,879.40
2014-03-31 32,295.90 12,767.30 4,879.40
2013-12-31 31,855.10 10,402.20 5,047.00
2013-06-30 30,837.20 10,912.00 5,211.10
2013-03-31 30,837.20 10,912.00 5,211.10
2012-12-31 30,239.30 9,764.40 6,033.60
2012-09-30 30,239.30 9,718.70 6,033.60
2012-06-30 28,972.10 8,005.40 4,676.30
  • Allied Properties (H.K.)'s level of debt (38.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (32.7% vs 38.6% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on Allied Properties (H.K.)'s debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Allied Properties (H.K.)'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 Properties (H.K.) 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.

56 Dividends

 What is Allied Properties (H.K.)'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
4.42%
Current annual income from Allied Properties (H.K.) dividends.
If you bought HK$2,000 of Allied Properties (H.K.) shares you are expected to receive HK$88 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 Properties (H.K.)'s pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (1.94%).
  • Allied Properties (H.K.)'s dividend is below 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:56 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:56 Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts
SEHK:56 Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2019-03-25 0.080 4.313
2018-03-26 0.080 4.695
2017-04-21 0.080 4.793
2017-03-27 0.080 4.163
2016-04-22 0.060 3.688
2016-03-23 0.060 4.066
2015-03-26 0.055 3.330
2014-04-22 0.045 3.085
2014-03-26 0.045 3.203
2013-04-25 0.030 2.446
2013-03-27 0.030 2.489
2012-03-29 0.015 1.396
2011-03-30 0.030 2.473
2010-04-08 0.015 0.975
2009-09-23 0.000 0.000
2009-09-07 0.000 0.000
2009-04-20 0.000 0.000

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

  • Allied Properties (H.K.) has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Allied Properties (H.K.) only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Allied Properties (H.K.)'s earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.3x 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 Properties (H.K.)'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 Properties (H.K.) afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Allied Properties (H.K.) 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.

56 Management

 What is the CEO of Allied Properties (H.K.)'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$25,170,000
AGE 49
TENURE AS CEO 8.8 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 Properties (H.K.) management team in years:

7.1
Average Tenure
50
Average Age
  • The average tenure for the Allied Properties (H.K.) management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Seng-Hui Lee

TITLE
CEO & Executive Director
COMPENSATION
HK$25M
AGE
49
TENURE
8.8 yrs

Mark Wong

TITLE
Executive Director
COMPENSATION
HK$2M
AGE
53

Kelvin Lam

TITLE
Acting Group Financial Controller
AGE
51
TENURE
0.8 yrs

Tung Ni Lau

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

Average tenure and age of the Allied Properties (H.K.) board of directors in years:

12.3
Average Tenure
53
Average Age
  • The average tenure for the Allied Properties (H.K.) board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Arthur Dew

TITLE
Chairman
COMPENSATION
HK$2M
AGE
76
TENURE
12.3 yrs

Seng-Hui Lee

TITLE
CEO & Executive Director
COMPENSATION
HK$25M
AGE
49
TENURE
8.8 yrs

Mark Wong

TITLE
Executive Director
COMPENSATION
HK$2M
AGE
53
TENURE
8.8 yrs

Steven Zoellner

TITLE
Independent Non-Executive Director
COMPENSATION
HK$50K
AGE
48
TENURE
14.6 yrs

Kenneth Li

TITLE
Non-Executive Director
COMPENSATION
HK$2M
AGE
64
TENURE
19.5 yrs

Alan Jones

TITLE
Independent Non-Executive Director
COMPENSATION
HK$550K
AGE
75
TENURE
13.3 yrs

David Bartlett

TITLE
Independent Non-Executive Director
COMPENSATION
HK$300K
AGE
52
TENURE
7.7 yrs
Who owns this company?
Recent Insider Trading
  • Allied Properties (H.K.) insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
04. Apr 19 Sell Steven Zoellner Individual 01. Apr 19 01. Apr 19 -42,000 HK$1.86 HK$-78,141
16. Jan 19 Buy Sok Un Chong Individual 09. Jan 19 09. Jan 19 80,224,000 HK$1.65 HK$132,369,865
15. Jan 19 Buy Sok Un Chong Individual 10. Jan 19 10. Jan 19 2,202,000 HK$1.69 HK$3,720,722
X
Management checks
We assess Allied Properties (H.K.)'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 Properties (H.K.) 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.

56 News

Simply Wall St News

Only 4 Days Left Until Allied Properties (H.K.) Limited (HKG:56) Trades Ex-Dividend

Important news for shareholders and potential investors in Allied Properties (H.K.) Limited (HKG:56): The dividend payment of HK$0.08 per share will be distributed to shareholders on 02 May 2019, and the stock will begin trading ex-dividend at an earlier date, 08 April 2019. … Whenever I am looking at a potential dividend stock investment, I always check these five metrics:? … Is its earnings sufficient to payout dividend at the current rate

Simply Wall St -

How Much Of Allied Properties (H.K.) Limited (HKG:56) Do Insiders Own?

If you want to know who really controls Allied Properties (H.K.) Limited (HKG:56), then you'll have to look at the makeup of its share registry. … institutions are not really that prevalent on the share registry … Check out our latest analysis for Allied Properties (H.K.)

Simply Wall St -

Did You Miss Allied Properties (H.K.)'s 30% Share Price Gain?

That's what has happened with the Allied Properties (H.K.) Limited (HKG:56) share price. … Allied Properties (H.K.) was able to grow its EPS at 25% per year over three years, sending the share price higher. … This free interactive report on Allied Properties (H.K.)'s earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.

Simply Wall St -

Should You Buy Allied Properties (H.K.) Limited (HKG:56) For Its Dividend?

A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. … Historically, Allied Properties (H.K.) Limited (HKG:56) has been paying a dividend to shareholders. … Let's take a look at Allied Properties (H.K.) in more detail.

Simply Wall St -

Does Allied Properties (H.K.) Limited's (HKG:56) P/E Ratio Signal A Buying Opportunity?

We'll look at Allied Properties (H.K.) Limited's (HKG:56) P/E ratio and reflect on what it tells us about the company's share price. … Based on the last twelve months, Allied Properties (H.K.)'s P/E ratio is 3.29. … How Do I Calculate Allied Properties (H.K.)'s Price To Earnings Ratio

Simply Wall St -

Is Allied Properties (HK) Limited's (HKG:56) CEO Pay Justified?

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. … According to our data, Allied Properties (HK) Limited has a market capitalization of HK$12b, and pays its CEO total annual compensation worth HK$25m.

Simply Wall St -

What To Know Before Buying Allied Properties (HK) Limited (HKG:56) For Its Dividend

Historically, Allied Properties (HK) Limited (HKG:56) has paid a dividend to shareholders. … Let's dig deeper into whether Allied Properties (H.K.) should have a place in your portfolio. … Check out our latest analysis for Allied Properties (H.K.)

Simply Wall St -

Where Allied Properties (HK) Limited's (HKG:56) Earnings Growth Stands Against Its Industry

Improvement in profitability and outperformance against the industry can be important characteristics in a stock for some investors. … Below, I will assess Allied Properties (HK) Limited's (HKG:56) track record on a high level, to give you some insight into how the company has been performing against its historical trend and its industry peers. … Was 56's recent earnings decline indicative of a tough track record.

Simply Wall St -

Why Fundamental Investors Love Allied Properties (HK) Limited (HKG:56)

Allied Properties (HK) Limited (HKG:56) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective. … report on Allied Properties (H.K.) here

Simply Wall St -

Top Rated SEHK Financial Dividend Stocks

SEHK:56 Historical Dividend Yield Apr 26th 18 First Pacific Company Limited (SEHK:142) 142 has a decent dividend yield of 3.41% and pays out 62.04% of its profit as dividends. … SEHK:142 Historical Dividend Yield Apr 26th 18 Haitong International Securities Group Limited (SEHK:665) 665 has a great dividend yield of 8.05% and the company has a payout ratio of 49.53%. … SEHK:665 Historical Dividend Yield Apr 26th 18 For more solid dividend paying companies to add to your portfolio, explore this interactive list of top dividend payers.

Simply Wall St -

56 Company Info

Description

Allied Properties (H.K.) Limited, an investment holding company, engages in the property investment, property development, hospitality related, financial service, and elderly care service businesses in Hong Kong, Mainland China, and internationally. It operates through Investment and Finance; Consumer Finance; Property Rental, Hotel Operations and Management Services; and Others segments. The company is involved in the provision of term loan and consumer loan finance products; property rental activities; hotel operations managed by third parties; development and sale of properties, and property based investments; and provision of property management services, as well as elderly care services. It also offers real estate agency, management and consultancy, corporate, property holding, money lending, building management, security and guarding, financial and securities trading, building maintenance and cleaning, asset holding, secretarial, corporate marketing and investment consultancy, financial consultancy, securitization fund, loan guarantee, and asset management services, as well as distributes medical equipment and supplies. The company is based in Wanchai, Hong Kong.

Details
Name: Allied Properties (H.K.) Limited
56
Exchange: SEHK
Founded:
HK$12,330,084,642
6,812,201,460
Website: http://www.alliedproperties.com.hk
Address: Allied Properties (H.K.) Limited
Allied Kajima Building,
22nd Floor,
Wanchai,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 56 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 01. Jan 1992
Number of employees
Current staff
Staff numbers
4,262
Allied Properties (H.K.) employees.
Industry
Consumer Finance
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 12:39
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.