CK Asset Holdings
Market Cap
HK$161.6b
Last Updated
2020/11/29 10:09 UTC
Data Sources
Company Financials +
Executive Summary
CK Asset Holdings Limited operates as a property developer in Hong Kong, the Mainland, Singapore, the United Kingdom, continental Europe, Australia, Canada, and the United States. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet second-rate dividend payer.
Similar Companies
Share Price & News
How has CK Asset Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 1113 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: 1113's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
0.6%
1113
0.4%
HK Real Estate
1.5%
HK Market
1 Year Return
-15.9%
1113
-5.5%
HK Real Estate
11.3%
HK Market
Return vs Industry: 1113 underperformed the Hong Kong Real Estate industry which returned -5.5% over the past year.
Return vs Market: 1113 underperformed the Hong Kong Market which returned 11.3% over the past year.
Shareholder returns
| 1113 | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.6% | 0.4% | 1.5% |
| 30 Day | 21.9% | 8.5% | 8.1% |
| 90 Day | 3.9% | -1.6% | 6.0% |
| 1 Year | -12.4%-15.9% | -0.5%-5.5% | 15.9%11.3% |
| 3 Year | -26.9%-34.0% | 0.6%-12.1% | 1.7%-8.9% |
| 5 Year | -2.1%-16.4% | 45.7%16.8% | 33.3%10.8% |
Long-Term Price Volatility Vs. Market
How volatile is CK Asset Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
CK Asset Holdings' (HKG:1113) Shareholders Are Down 33% On Their Shares3 weeks ago | Simply Wall St
Does CK Asset Holdings' (HKG:1113) CEO Salary Compare Well With Industry Peers?1 month ago | Simply Wall St
What Percentage Of CK Asset Holdings Limited (HKG:1113) Shares Do Insiders Own?Valuation
Is CK Asset Holdings undervalued compared to its fair value and its price relative to the market?
7.93x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 1113 (HK$43.75) is trading above our estimate of fair value (HK$23.26)
Significantly Below Fair Value: 1113 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 1113 is good value based on its PE Ratio (7.9x) compared to the HK Real Estate industry average (8.7x).
PE vs Market: 1113 is good value based on its PE Ratio (7.9x) compared to the Hong Kong market (11.2x).
Price to Earnings Growth Ratio
PEG Ratio: 1113 is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: 1113's PB Ratio (0.5x) is in line with the HK Real Estate industry average.
Next Steps
Future Growth
How is CK Asset Holdings forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
7.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 1113's forecast earnings growth (7.1% per year) is above the savings rate (1.6%).
Earnings vs Market: 1113's earnings (7.1% per year) are forecast to grow slower than the Hong Kong market (22% per year).
High Growth Earnings: 1113's earnings are forecast to grow, but not significantly.
Revenue vs Market: 1113's revenue (9.1% per year) is forecast to grow slower than the Hong Kong market (13.7% per year).
High Growth Revenue: 1113's revenue (9.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 1113's Return on Equity is forecast to be low in 3 years time (6.2%).
Next Steps
Past Performance
How has CK Asset Holdings performed over the past 5 years?
11.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 1113 has high quality earnings.
Growing Profit Margin: 1113's current net profit margins (24%) are lower than last year (50.4%).
Past Earnings Growth Analysis
Earnings Trend: 1113's earnings have grown by 11.4% per year over the past 5 years.
Accelerating Growth: 1113's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 1113 had negative earnings growth (-33.2%) over the past year, making it difficult to compare to the Real Estate industry average (1%).
Return on Equity
High ROE: 1113's Return on Equity (6%) is considered low.
Next Steps
Financial Health
How is CK Asset Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: 1113's short term assets (HK$186.9B) exceed its short term liabilities (HK$53.6B).
Long Term Liabilities: 1113's short term assets (HK$186.9B) exceed its long term liabilities (HK$88.4B).
Debt to Equity History and Analysis
Debt Level: 1113's debt to equity ratio (21.2%) is considered satisfactory.
Reducing Debt: 1113's debt to equity ratio has reduced from 27.7% to 21.2% over the past 5 years.
Debt Coverage: 1113's debt is well covered by operating cash flow (56.4%).
Interest Coverage: 1113 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is CK Asset Holdings's current dividend yield, its reliability and sustainability?
4.80%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 1113's dividend (4.8%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.19%).
High Dividend: 1113's dividend (4.8%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.58%).
Stability and Growth of Payments
Stable Dividend: 1113 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 1113's dividend payments have increased, but the company has only paid a dividend for 5 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (34.8%), 1113's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 1113's dividends in 3 years are forecast to be well covered by earnings (31.2% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.7yrs
Average management tenure
CEO
Victor Li (56 yo)
5.67yrs
Tenure
HK$96,880,000
Compensation
Mr. Li Tzar Kuoi, also known as Victor, B.Sc, M.Sc, LLD (Hon) serves as Non-Executive Director of Hongkong and Shanghai Banking Corporation Ltd. - New Zealand Branch. He had been Deputy Chairman of Cheung ...
CEO Compensation Analysis
Compensation vs Market: Victor's total compensation ($USD12.50M) is above average for companies of similar size in the Hong Kong market ($USD830.23K).
Compensation vs Earnings: Victor's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & MD | 5.67yrs | HK$96.88m | 0.078% HK$ 126.8m | |
| Deputy MD & Executive Director | 5.67yrs | HK$28.66m | 0.0029% HK$ 4.7m | |
| Deputy MD & Executive Director | 5.83yrs | HK$28.37m | 0.0081% HK$ 13.1m | |
| Executive Director | 5.67yrs | HK$36.85m | no data | |
| Executive Director | 5.67yrs | HK$37.10m | no data | |
| Executive Director | 5.67yrs | HK$33.98m | no data | |
| Executive Director | 5.67yrs | HK$34.12m | no data | |
| Executive Director | 5.67yrs | HK$38.67m | no data | |
| General Manager of Accounts Department | no data | no data | no data | |
| Senior Manager of Administration Department | no data | no data | no data | |
| General Manager of Legal Department | no data | no data | no data | |
| General Manager of Corporate Business Development Department | no data | no data | no data |
5.7yrs
Average Tenure
65.5yo
Average Age
Experienced Management: 1113's management team is seasoned and experienced (5.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & MD | 5.67yrs | HK$96.88m | 0.078% HK$ 126.8m | |
| Deputy MD & Executive Director | 5.67yrs | HK$28.66m | 0.0029% HK$ 4.7m | |
| Deputy MD & Executive Director | 5.83yrs | HK$28.37m | 0.0081% HK$ 13.1m | |
| Executive Director | 5.67yrs | HK$36.85m | no data | |
| Executive Director | 5.67yrs | HK$37.10m | no data | |
| Executive Director | 5.67yrs | HK$33.98m | no data | |
| Executive Director | 5.67yrs | HK$34.12m | no data | |
| Executive Director | 5.67yrs | HK$38.67m | no data | |
| Independent Non-Executive Director | 5.67yrs | HK$350.00k | 0% HK$ 0 | |
| Independent Non-Executive Director | 5.67yrs | HK$410.00k | 0.0012% HK$ 1.9m | |
| Independent Non-Executive Director | 5.67yrs | HK$410.00k | no data | |
| Independent Non-Executive Director | 3.67yrs | HK$350.00k | no data |
5.7yrs
Average Tenure
70yo
Average Age
Experienced Board: 1113's board of directors are considered experienced (5.7 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.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
CK Asset Holdings Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: CK Asset Holdings Limited
- Ticker: 1113
- Exchange: SEHK
- Founded: 2015
- Industry: Real Estate Development
- Sector: Real Estate
- Market Cap: HK$161.586b
- Shares outstanding: 3.69b
- Website: https://www.ckah.com
Number of Employees
Location
- CK Asset Holdings Limited
- Cheung Kong Center
- 7th Floor
- Central
- Hong Kong
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 1113 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Jun 2015 |
| 1CK | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jun 2015 |
| 1113 | SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect) | Yes | Ordinary Shares | HK | HKD | Jun 2015 |
| CHKG.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jun 2015 |
| 1113 | SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect) | Yes | Ordinary Shares | HK | HKD | Jun 2015 |
| 1113 N | BMV (Bolsa Mexicana de Valores) | Yes | Ordinary Shares | MX | MXN | Jun 2015 |
Biography
CK Asset Holdings Limited operates as a property developer in Hong Kong, the Mainland, Singapore, the United Kingdom, continental Europe, Australia, Canada, and the United States. The company is involved i...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/29 10:09 |
| End of Day Share Price | 2020/11/27 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.