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Agritrade Resources

SEHK:1131
Snowflake Description

Flawless balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1131
SEHK
HK$7B
Market Cap
  1. Home
  2. HK
  3. Energy
Company description

Agritrade Resources Limited, an investment holding company, engages in the mining, exploration, logistics, and sale of coal primarily in Asia. The last earnings update was 153 days ago. More info.


Add to Portfolio Compare Print
  • Agritrade Resources has significant price volatility in the past 3 months.
1131 Share Price and Events
7 Day Returns
-6.3%
SEHK:1131
0.2%
HK Oil and Gas
-2.2%
HK Market
1 Year Returns
-28.6%
SEHK:1131
-20.3%
HK Oil and Gas
-15.4%
HK Market
1131 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Agritrade Resources (1131) -6.3% -25% -29.5% -28.6% 160.9% 281.8%
HK Oil and Gas 0.2% -8.7% -12.5% -20.3% 4.5% -35.5%
HK Market -2.2% -9.5% -6% -15.4% 22% 6.7%
1 Year Return vs Industry and Market
  • 1131 underperformed the Oil and Gas industry which returned -20.3% over the past year.
  • 1131 underperformed the Market in Hong Kong which returned -15.4% over the past year.
Price Volatility
1131
Industry
5yr Volatility vs Market

Value

 Is Agritrade Resources 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 Agritrade Resources 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 Agritrade Resources.

SEHK:1131 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.5%
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:1131
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6.7%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.92
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.917 (1 + (1- 25%) (6.04%))
0.973
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.97
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (0.973 * 6.65%)
8.47%

Discounted Cash Flow Calculation for SEHK:1131 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Agritrade Resources is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

SEHK:1131 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 8.47%)
2019 500.70 Analyst x1 461.60
2020 576.00 Analyst x1 489.55
2021 815.90 Analyst x1 639.30
2022 1,017.81 Est @ 24.75% 735.22
2023 1,200.23 Est @ 17.92% 799.29
2024 1,358.03 Est @ 13.15% 833.76
2025 1,491.17 Est @ 9.8% 844.01
2026 1,602.47 Est @ 7.46% 836.17
2027 1,695.82 Est @ 5.83% 815.78
2028 1,775.17 Est @ 4.68% 787.26
Present value of next 10 years cash flows HK$7,241.94
SEHK:1131 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= HK$1,775.17 × (1 + 2%) ÷ (8.47% – 2%)
HK$27,997.06
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$27,997.06 ÷ (1 + 8.47%)10
HK$12,416.36
SEHK:1131 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$7,241.94 + HK$12,416.36
HK$19,658.30
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$19,658.30 / 6,374.48
HK$3.08
SEHK:1131 Discount to Share Price
Calculation Result
Value per share (HKD) From above. HK$3.08
Current discount Discount to share price of HK$1.05
= -1 x (HK$1.05 - HK$3.08) / HK$3.08
66%

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

Current Discount
Amount off the current price Agritrade Resources is available for.
Intrinsic value
>50%
Share price is HK$1.05 vs Future cash flow value of HK$3.08
Current Discount Checks
For Agritrade Resources to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Agritrade Resources's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Agritrade Resources'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 Agritrade Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Agritrade Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:1131 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in HKD HK$0.07
SEHK:1131 Share Price ** SEHK (2019-05-23) in HKD HK$1.05
Hong Kong Oil and Gas Industry PE Ratio Median Figure of 28 Publicly-Listed Oil and Gas Companies 10.34x
Hong Kong Market PE Ratio Median Figure of 1,478 Publicly-Listed Companies 11.07x

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

** Primary Listing of Agritrade Resources.

SEHK:1131 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1131 Share Price ÷ EPS (both in HKD)

= 1.05 ÷ 0.07

15.52x

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

  • Agritrade Resources is overvalued based on earnings compared to the HK Oil and Gas industry average.
  • Agritrade Resources is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Agritrade Resources's expected growth come at a high price?
Raw Data
SEHK:1131 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.52x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
19.4%per year
Hong Kong Oil and Gas Industry PEG Ratio Median Figure of 11 Publicly-Listed Oil and Gas Companies 0.79x
Hong Kong Market PEG Ratio Median Figure of 463 Publicly-Listed Companies 0.79x

*Line of best fit is calculated by linear regression .

SEHK:1131 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.52x ÷ 19.4%

0.8x

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

  • Agritrade Resources is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Agritrade Resources's assets?
Raw Data
SEHK:1131 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in HKD HK$0.55
SEHK:1131 Share Price * SEHK (2019-05-23) in HKD HK$1.05
Hong Kong Oil and Gas Industry PB Ratio Median Figure of 45 Publicly-Listed Oil and Gas Companies 0.92x
Hong Kong Market PB Ratio Median Figure of 2,157 Publicly-Listed Companies 0.97x
SEHK:1131 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1131 Share Price ÷ Book Value per Share (both in HKD)

= 1.05 ÷ 0.55

1.9x

* Primary Listing of Agritrade Resources.

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

  • Agritrade Resources is overvalued based on assets compared to the HK Oil and Gas industry average.
X
Value checks
We assess Agritrade Resources'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 Oil and Gas 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 Oil and Gas industry average (and greater than 0)? (1 check)
  5. Agritrade Resources has a total score of 3/6, 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 Agritrade Resources expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
19.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Agritrade Resources expected to grow at an attractive rate?
  • Agritrade Resources's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • Agritrade Resources's earnings growth is expected to exceed the Hong Kong market average.
  • Agritrade Resources's revenue growth is expected to exceed the Hong Kong market average.
Annual Growth Rates Comparison
Raw Data
SEHK:1131 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:1131 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 19.4%
SEHK:1131 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 19.6%
Hong Kong Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 6.7%
Hong Kong Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 3.1%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.4%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.4%

*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:1131 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:1131 Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 3,900 1,378 638 1
2020-03-31 3,225 1,050 467 1
2019-03-31 2,501 876 352 1
SEHK:1131 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-09-30 2,500 927 439
2018-06-30 2,369 971 432
2018-03-31 2,237 1,016 424
2017-12-31 2,006 855 331
2017-09-30 1,775 694 238
2017-06-30 1,608 660 236
2017-03-31 1,442 627 234
2016-12-31 1,324 416 383
2016-09-30 1,207 205 532
2016-06-30 1,180 184 501
2016-03-31 1,152 162 471
2015-12-31 1,204 166 310

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Agritrade Resources's earnings are expected to grow by 19.4% yearly, however this is not considered high growth (20% yearly).
  • Agritrade Resources's revenue is expected to grow by 19.6% yearly, however this is not considered high growth (20% yearly).
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:1131 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 1 Analyst Estimates (S&P Global) See Below

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

SEHK:1131 Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 0.10 0.10 0.10 1.00
2020-03-31 0.07 0.07 0.07 1.00
2019-03-31 0.05 0.05 0.05 1.00
SEHK:1131 Past Financials Data
Date (Data in HKD Millions) EPS *
2018-09-30 0.07
2018-06-30 0.07
2018-03-31 0.07
2017-12-31 0.05
2017-09-30 0.04
2017-06-30 0.04
2017-03-31 0.04
2016-12-31 0.06
2016-09-30 0.08
2016-06-30 0.08
2016-03-31 0.08
2015-12-31 0.05

*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.
  • Agritrade Resources is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Agritrade Resources'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.
Agritrade Resources has a total score of 3/6, 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 Agritrade Resources 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 Agritrade Resources's growth in the last year to its industry (Oil and Gas).
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.
  • Agritrade Resources has delivered over 20% year on year earnings growth in the past 5 years.
  • Agritrade Resources's 1-year earnings growth exceeds its 5-year average (84% vs 24.7%)
  • Agritrade Resources's earnings growth has exceeded the HK Oil and Gas industry average in the past year (84% vs 10.8%).
Earnings and Revenue History
Agritrade Resources'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 Agritrade Resources Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1131 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 2,500.30 438.71 171.71
2018-06-30 2,368.82 431.58 155.82
2018-03-31 2,237.34 424.45 139.93
2017-12-31 2,006.00 331.42 131.14
2017-09-30 1,774.67 238.38 122.34
2017-06-30 1,608.10 236.15 118.21
2017-03-31 1,441.54 233.92 114.07
2016-12-31 1,324.05 382.99 127.14
2016-09-30 1,206.57 532.05 140.20
2016-06-30 1,179.52 501.42 143.12
2016-03-31 1,152.47 470.78 146.04
2015-12-31 1,204.21 310.23 153.63
2015-09-30 1,255.95 149.68 161.21
2015-06-30 1,245.21 148.27 148.81
2015-03-31 1,234.47 146.86 136.41
2014-12-31 1,076.05 139.31 124.03
2014-09-30 917.62 131.77 111.64
2014-06-30 939.47 123.48 110.43
2014-03-31 961.32 115.19 109.23
2013-09-30 1,038.48 100.25 42.49
2013-06-30 869.69 76.53 40.07
2013-03-31 700.89 52.81 37.66
2012-09-30 480.49 0.49 19.87
2012-06-30 453.86 1.96 20.37

*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.
  • Agritrade Resources has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Agritrade Resources used its assets less efficiently than the HK Oil and Gas industry average last year based on Return on Assets.
  • Agritrade Resources has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Agritrade Resources'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 Oil and Gas 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.
Agritrade Resources has a total score of 4/6, 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 Agritrade Resources'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 Agritrade Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Agritrade Resources is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Agritrade Resources's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Agritrade Resources's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.3x 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 Agritrade Resources Company Filings, last reported 7 months ago.

SEHK:1131 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 5,896.97 419.66 446.22
2018-06-30 5,896.97 419.66 446.22
2018-03-31 5,683.03 698.94 457.45
2017-12-31 5,683.03 698.94 457.45
2017-09-30 5,117.44 1,076.94 284.46
2017-06-30 5,117.44 1,076.94 284.46
2017-03-31 4,929.50 1,003.92 387.73
2016-12-31 4,929.50 1,003.92 387.73
2016-09-30 4,690.80 723.46 113.46
2016-06-30 4,690.80 723.46 113.46
2016-03-31 4,538.06 828.49 295.93
2015-12-31 4,538.06 828.49 295.93
2015-09-30 2,724.04 510.51 309.14
2015-06-30 2,724.04 510.51 309.14
2015-03-31 2,506.80 418.77 265.06
2014-12-31 2,506.80 418.77 265.06
2014-09-30 2,289.58 342.73 213.89
2014-06-30 2,289.58 342.73 213.89
2014-03-31 2,245.56 363.46 170.85
2013-09-30 2,016.11 336.32 16.20
2013-06-30 2,016.11 336.32 16.20
2013-03-31 1,922.21 364.87 16.29
2012-09-30 1,787.49 315.31 17.37
2012-06-30 1,787.49 315.31 17.37
  • Agritrade Resources's level of debt (7.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (16.7% vs 7.1% today).
  • Debt is well covered by operating cash flow (220.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 16.8x coverage).
X
Financial health checks
We assess Agritrade Resources'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. Agritrade Resources 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 Agritrade Resources'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
0.48%
Current annual income from Agritrade Resources dividends. Estimated to be 1.48% next year.
If you bought HK$2,000 of Agritrade Resources shares you are expected to receive HK$10 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?
  • Agritrade Resources's pays a lower dividend yield than the bottom 25% of dividend payers in Hong Kong (2.08%).
  • Agritrade Resources's dividend is below the markets top 25% of dividend payers in Hong Kong (5.77%).
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:1131 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 1 Analyst Estimates (S&P Global) See Below
Hong Kong Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 5.8%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 968 Stocks 3.7%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.2%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.1%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

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

SEHK:1131 Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts
2021-03-31 0.02 1.00
2020-03-31 0.01 1.00
2019-03-31 0.01 1.00
SEHK:1131 Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2018-07-30 0.005 0.341
2017-07-25 0.003 0.317
2016-07-28 0.003 0.683
2016-07-08 0.003 0.669
2015-11-25 0.000 0.000
2015-07-30 0.005 1.231
2015-06-26 0.005 1.104
2014-11-26 0.005 1.137
2014-07-28 0.008 2.015

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

  • Agritrade Resources is not paying a notable dividend for Hong Kong, therefore no need to check if the payments are stable.
  • Agritrade Resources is not paying a notable dividend for Hong Kong, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Agritrade Resources's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Agritrade Resources's dividends as it is not paying a notable one for Hong Kong.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (5.4x coverage).
X
Income/ dividend checks
We assess Agritrade Resources's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Agritrade Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Agritrade Resources has a total score of 1/6, 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 Agritrade Resources'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
Xinwei Ng
COMPENSATION HK$2,718,000
AGE 32
TENURE AS CEO 5.8 years
CEO Bio

Mr. Xinwei Ng has been the Chief Executive Officer of Agritrade Resources Limited since August 21, 2013. Mr. Ng served as Chief Operating Officer of Agritrade Resources Limited from October 7, 2010 to August 21, 2013. He joined Agritrade in 2004 and focuses in the trading operation of palm oil and coal, shipping logistic management and commodities related investments. He has been an Executive Director of Agritrade Resources Limited since August 24, 2010. He serves as an Executive Director of Agritrade International Pte. Ltd. He serves as a Director of Rimau Shipping Pte Limited and a commissioner of Rimau Indonesia. Mr. Ng has Bachelor Degree in the National University of Singapore.

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

Average tenure and age of the Agritrade Resources management team in years:

5.8
Average Tenure
54
Average Age
  • The average tenure for the Agritrade Resources management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Say Ng

TITLE
Executive Chairman
COMPENSATION
HK$750K
AGE
66

Xinwei Ng

TITLE
CEO & Executive Director
COMPENSATION
HK$3M
AGE
32
TENURE
5.8 yrs

Ashok Kumar Sahoo

TITLE
CFO & Executive Director
COMPENSATION
HK$5M
AGE
40
TENURE
5.8 yrs

Lulu Lim

TITLE
Executive Director
COMPENSATION
HK$100K
AGE
58

Peter Park

TITLE
Chief Operating Officer

Diyah Sasanti

TITLE
Legal Counsel
AGE
52

Benjamin Chay

TITLE
Chief Marketing Officer
TENURE
3.3 yrs

Suka Waluya

TITLE
Head of Mining Operations - PT Senemas Energinbo Mineral
AGE
56

Amy Cheung

TITLE
Regional Head

XiangMing Qiu

TITLE
Managing Director of Sea Oriental Line Pte Ltd
Board of Directors Tenure

Average tenure and age of the Agritrade Resources board of directors in years:

5.8
Average Tenure
44
Average Age
  • The tenure for the Agritrade Resources board of directors is about average.
Board of Directors

Say Ng

TITLE
Executive Chairman
COMPENSATION
HK$750K
AGE
66
TENURE
5.8 yrs

Xinwei Ng

TITLE
CEO & Executive Director
COMPENSATION
HK$3M
AGE
32
TENURE
8.8 yrs

Ashok Kumar Sahoo

TITLE
CFO & Executive Director
COMPENSATION
HK$5M
AGE
40
TENURE
5.8 yrs

Lulu Lim

TITLE
Executive Director
COMPENSATION
HK$100K
AGE
58
TENURE
8.9 yrs

Michael Siu

TITLE
Independent Non-Executive Director
COMPENSATION
HK$150K
AGE
50
TENURE
8.8 yrs

Terence Chang

TITLE
Independent Non-Executive Director
COMPENSATION
HK$120K
AGE
31
TENURE
5.8 yrs

Vincent Phen

TITLE
Independent Non-Executive Director
COMPENSATION
HK$37K
AGE
42
TENURE
1.4 yrs

Yu Cheng

TITLE
Independent Non-Executive Director
COMPENSATION
HK$120K
AGE
46
TENURE
2.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
X
Management checks
We assess Agritrade Resources'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. Agritrade Resources 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 Agritrade Resources Limited (HKG:1131)?

See our latest analysis for Agritrade Resources SEHK:1131 Ownership Summary, May 14th 2019 What Does The Institutional Ownership Tell Us About Agritrade Resources? … Insider Ownership Of Agritrade Resources The definition of an insider can differ slightly between different countries, but members of the board of directors always count. … Private Company Ownership We can see that Private Companies own 56%, of the shares on issue.

Simply Wall St -

Does Agritrade Resources Limited's (HKG:1131) Stock Price Account For Its Growth?

Help shape the future of investing tools and you could win a $250 gift card! … Agritrade Resources Limited (HKG:1131) is considered a high-growth stock, but its last closing price of HK$1.27 left some investors wondering if this high future earnings potential can be rationalized by its current price tag. … Agritrade Resources is poised for extremely high earnings growth in the near future

Simply Wall St -

Do Agritrade Resources's (HKG:1131) Earnings Warrant Your Attention?

So if you're like me, you might be more interested in profitable, growing companies, like Agritrade Resources (HKG:1131). … Agritrade Resources's Earnings Per Share Are Growing. … Therefore, there are plenty of investors who like to buy shares in companies that are growing EPS.

Simply Wall St -

Why Agritrade Resources Limited (HKG:1131) Is An Attractive Investment To Consider

Building up an investment case requires looking at a stock holistically. … Today I've chosen to put the spotlight on Agritrade Resources Limited (HKG:1131) due to its excellent fundamentals in more than one area. … For those interested in understanding where the figures come from and want to see the analysis,

Simply Wall St -

Don't Sell Agritrade Resources Limited (HKG:1131) Before You Read This

To keep it practical, we'll show how Agritrade Resources Limited's (HKG:1131) P/E ratio could help you assess the value on offer. … Based on the last twelve months, Agritrade Resources's P/E ratio is 19.07. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Does Agritrade Resources Limited's (HKG:1131) CEO Salary Compare Well With Others?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Xinwei Ng's Compensation Compare With Similar Sized Companies. … According to our data, Agritrade Resources Limited has a market capitalization of HK$8.2b, and pays its CEO total annual compensation worth HK$2.7m.

Simply Wall St -

Is Agritrade Resources Limited's (HKG:1131) 11% ROE Strong Compared To Its Industry?

Our data shows Agritrade Resources has a return on equity of 11% for the last year. … That means that for every HK$1 worth of shareholders' equity, it generated HK$0.11 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Shareholders Are Raving About How The Agritrade Resources Share Price Increased 825%

By comparing earnings per share (EPS) and and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … Over half a decade, Agritrade Resources managed to grow its earnings per share at 33% a year. … This EPS growth is slower than the share price growth of 56% per year, over the same period.

Simply Wall St -

Is Agritrade Resources Limited’s (HKG:1131) Return On Capital Employed Any Good?

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … What is Return On Capital Employed (ROCE)? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

How Does Investing In Agritrade Resources Limited (HKG:1131) Impact The Volatility Of Your Portfolio?

In finance, Beta is a measure of volatility. … Volatility is considered to be a measure of risk in modern finance theory. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility).

Simply Wall St -

Company Info

Description

Agritrade Resources Limited, an investment holding company, engages in the mining, exploration, logistics, and sale of coal primarily in Asia. It operates through Mining, Shipping, and Energy segments. The company produces and sells sub-bituminous, low-sulphur, and low-pollutant thermal coal; and engages in other mining-related activities. It owns and operates the PT Senamas Energindo Mineral (SEM) coal mine covering approximately 2,000 hectares located in Central Kalimantan; and the Rantau Nangka underground coal mine covering 3,663 hectares located in South Kalimantan, as well as operates the Bunda Kandung mine located in Central Kalimantan, Indonesia under mining contracts. The company also provides maritime transportation and storage solutions, shipping freight management services, and floating storage and relevant logistics services for crude oil and petrochemical products. In addition, it engages in the trading, sales, and marketing of coal; provision of administrative and logistics services; operation of biodiesel plant in Arkansas, the United States; and production, generation, provision, and sale of fuel and energy, as well as other energy-related operations. Agritrade Resources Limited operates through an own fleet of three sets of very large crude carrier vessels; one set of panamax-grade vessel; and six sets of tugboats and barges. The company was founded in 1991 and is headquartered in Wanchai, Hong Kong. Agritrade Resources Limited is a subsidiary of Agritrade International Pte. Limited.

Details
Name: Agritrade Resources Limited
1131
Exchange: SEHK
Founded: 1991
HK$6,948,183,833
6,374,480,581
Website: http://www.agritraderesources.com
Address: Agritrade Resources Limited
Room 1705, Harcourt House,
17th Floor,
Wanchai,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1131 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 19. Mar 1997
DB KWN1 Ordinary Shares Deutsche Boerse AG DE EUR 19. Mar 1997
SZSC 1131 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 19. Mar 1997
Number of employees
Current staff
Staff numbers
567
Agritrade Resources employees.
Industry
Coal and Consumable Fuels
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/23 12:35
End of day share price update: 2019/05/23 00:00
Last estimates confirmation: 2019/02/06
Last earnings filing: 2018/12/21
Last earnings reported: 2018/09/30
Last annual earnings reported: 2018/03/31


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

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