SEHK:1113

Stock Analysis Report

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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


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

1113IndustryMarket
7 Day0.6%0.4%1.5%
30 Day21.9%8.5%8.1%
90 Day3.9%-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

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

NamePositionTenureCompensationOwnership
Tzar Kuoi Li
Chairman & MD5.67yrsHK$96.88m0.078%
HK$ 126.8m
Hing Lam Kam
Deputy MD & Executive Director5.67yrsHK$28.66m0.0029%
HK$ 4.7m
Tak Chuen Ip
Deputy MD & Executive Director5.83yrsHK$28.37m0.0081%
HK$ 13.1m
Sun Chung
Executive Director5.67yrsHK$36.85mno data
Kwok Hung Chiu
Executive Director5.67yrsHK$37.10mno data
Wai Kam Chow
Executive Director5.67yrsHK$33.98mno data
Yee Pau
Executive Director5.67yrsHK$34.12mno data
Chia Woo
Executive Director5.67yrsHK$38.67mno data
Ka Keung Man
General Manager of Accounts Departmentno datano datano data
Shiu Yung Pau
Senior Manager of Administration Departmentno datano datano data
Kin Ming Yip
General Manager of Legal Departmentno datano datano data
Lai Chee Ma
General Manager of Corporate Business Development Departmentno datano datano 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

NamePositionTenureCompensationOwnership
Tzar Kuoi Li
Chairman & MD5.67yrsHK$96.88m0.078%
HK$ 126.8m
Hing Lam Kam
Deputy MD & Executive Director5.67yrsHK$28.66m0.0029%
HK$ 4.7m
Tak Chuen Ip
Deputy MD & Executive Director5.83yrsHK$28.37m0.0081%
HK$ 13.1m
Sun Chung
Executive Director5.67yrsHK$36.85mno data
Kwok Hung Chiu
Executive Director5.67yrsHK$37.10mno data
Wai Kam Chow
Executive Director5.67yrsHK$33.98mno data
Yee Pau
Executive Director5.67yrsHK$34.12mno data
Chia Woo
Executive Director5.67yrsHK$38.67mno data
Nin Chow
Independent Non-Executive Director5.67yrsHK$350.00k0%
HK$ 0
Siu-lin Hung
Independent Non-Executive Director5.67yrsHK$410.00k0.0012%
HK$ 1.9m
Ying-Chew Cheong
Independent Non-Executive Director5.67yrsHK$410.00kno data
Colin Russel
Independent Non-Executive Director3.67yrsHK$350.00kno 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1113SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJun 2015
1CKDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJun 2015
1113SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesOrdinary SharesHKHKDJun 2015
CHKG.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJun 2015
1113SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesOrdinary SharesHKHKDJun 2015
1113 NBMV (Bolsa Mexicana de Valores)YesOrdinary SharesMXMXNJun 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/29 10:09
End of Day Share Price2020/11/27 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.