company background image
662

Asia Financial HoldingsSEHK:662 Stock Report

Market Cap

HK$3.4b

7D

4.7%

1Y

-2.2%

Updated

16 Oct, 2021

Data

Company Financials
662 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance4/6
Financial Health5/6
Dividends2/6

662 Overview

Asia Financial Holdings Limited underwrites general and life insurance in Hong Kong, Macau, and Mainland China.

Price History & Performance

Summary of all time highs, changes and price drops for Asia Financial Holdings
Historical stock prices
Current Share PriceHK$3.58
52 Week HighHK$3.25
52 Week LowHK$4.15
Beta0.72
1 Month Change2.29%
3 Month Change-4.53%
1 Year Change-2.19%
3 Year Change-16.94%
5 Year Change-19.55%
Change since IPO62.73%

Recent News & Updates

Sep 12
Asia Financial Holdings (HKG:662) Is Increasing Its Dividend To HK$0.04

Asia Financial Holdings (HKG:662) Is Increasing Its Dividend To HK$0.04

Asia Financial Holdings Limited ( HKG:662 ) has announced that it will be increasing its dividend on the 8th of October...

Aug 29
Asia Financial Holdings (HKG:662) Is Increasing Its Dividend To HK$0.04

Asia Financial Holdings (HKG:662) Is Increasing Its Dividend To HK$0.04

Asia Financial Holdings Limited ( HKG:662 ) has announced that it will be increasing its dividend on the 8th of October...

Shareholder Returns

662HK InsuranceHK Market
7D4.7%-0.7%1.1%
1Y-2.2%-15.2%5.3%

Return vs Industry: 662 exceeded the Hong Kong Insurance industry which returned -15.2% over the past year.

Return vs Market: 662 underperformed the Hong Kong Market which returned 5.3% over the past year.

Price Volatility

Is 662's price volatile compared to industry and market?
662 volatility
662 Beta0.72
Industry Beta0.94
Market Beta1

Stable Share Price: 662 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 662's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a303Bernard Chanhttps://www.afh.hk

Asia Financial Holdings Limited underwrites general and life insurance in Hong Kong, Macau, and Mainland China. It operates through in segments, Insurance and Corporate. The company is also involved in securities trading and holding business; and provision of mortgage loan financing, nominee, and health care services.

Asia Financial Holdings Fundamentals Summary

How do Asia Financial Holdings's earnings and revenue compare to its market cap?
662 fundamental statistics
Market CapHK$3.37b
Earnings (TTM)HK$688.04m
Revenue (TTM)HK$1.77b

4.9x

P/E Ratio

1.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
662 income statement (TTM)
RevenueHK$1.77b
Cost of RevenueHK$945.45m
Gross ProfitHK$823.21m
ExpensesHK$135.17m
EarningsHK$688.04m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.73
Gross Margin46.54%
Net Profit Margin38.90%
Debt/Equity Ratio0.04%

How did 662 perform over the long term?

See historical performance and comparison

Dividends

2.2%

Current Dividend Yield

15%

Payout Ratio

Valuation

Is Asia Financial Holdings undervalued compared to its fair value and its price relative to the market?

8.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 662 (HK$3.58) is trading below our estimate of fair value (HK$3.91)

Significantly Below Fair Value: 662 is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: 662 is good value based on its PE Ratio (4.9x) compared to the Hong Kong Insurance industry average (5.2x).

PE vs Market: 662 is good value based on its PE Ratio (4.9x) compared to the Hong Kong market (9.7x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 662's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 662 is good value based on its PB Ratio (0.3x) compared to the HK Insurance industry average (0.7x).


Future Growth

How is Asia Financial Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

12.9%

Forecasted Insurance industry annual growth in earnings


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

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


Past Performance

How has Asia Financial Holdings performed over the past 5 years?

5.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 662 has a high level of non-cash earnings.

Growing Profit Margin: 662's current net profit margins (38.9%) are higher than last year (11.2%).


Past Earnings Growth Analysis

Earnings Trend: 662's earnings have grown by 5.8% per year over the past 5 years.

Accelerating Growth: 662's earnings growth over the past year (411.9%) exceeds its 5-year average (5.8% per year).

Earnings vs Industry: 662 earnings growth over the past year (411.9%) exceeded the Insurance industry 33%.


Return on Equity

High ROE: 662's Return on Equity (6.6%) is considered low.


Financial Health

How is Asia Financial Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 662's short term assets (HK$6.5B) exceed its short term liabilities (HK$242.2M).

Long Term Liabilities: 662's short term assets (HK$6.5B) exceed its long term liabilities (HK$4.8B).


Debt to Equity History and Analysis

Debt Level: 662's debt to equity ratio (0.04%) is considered satisfactory.

Reducing Debt: 662's debt to equity ratio has reduced from 2.5% to 0.04% over the past 5 years.

Debt Coverage: 662's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 662's interest payments on its debt are well covered by EBIT (6516.8x coverage).


Balance Sheet


Dividend

What is Asia Financial Holdings's current dividend yield, its reliability and sustainability?

2.23%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 662's dividend (2.23%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.26%).

High Dividend: 662's dividend (2.23%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.78%).


Stability and Growth of Payments

Stable Dividend: 662's dividend payments have been volatile in the past 10 years.

Growing Dividend: 662's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (15.1%), 662's dividend payments are well covered by earnings.


Future Payout to Shareholders

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


Next Steps

Management

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

6.5yrs

Average board tenure


CEO

Bernard Chan (56 yo)

no data

Tenure

HK$6,582,000

Compensation

Hon. Charnwut Chan, also known as Bernard, GBS, B.A., JP, (former name: CHAN Chi Sze Bernard) serves as the President of Asia Financial Holdings Ltd. and Chairman of Asia Insurance Company Ltd. Hon.Chan s...


CEO Compensation Analysis

Compensation vs Market: Bernard's total compensation ($USD846.18K) is above average for companies of similar size in the Hong Kong market ($USD341.34K).

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


Board Members

Experienced Board: 662's board of directors are considered experienced (6.5 years average tenure).


Ownership

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


Insider Trading Volume

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


Ownership Breakdown

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


Top Shareholders

Company Information

Asia Financial Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Asia Financial Holdings Limited
  • Ticker: 662
  • Exchange: SEHK
  • Founded: NaN
  • Industry: Multi-line Insurance
  • Sector: Insurance
  • Market Cap: HK$3.368b
  • Shares outstanding: 940.88m
  • Website: https://www.afh.hk

Number of Employees


Location

  • Asia Financial Holdings Limited
  • Worldwide House
  • 16th Floor
  • Central
  • Hong Kong

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/16 10:07
End of Day Share Price2021/10/15 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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