Polytec Asset Holdings Limited, an investment holding company, primarily invests in, develops, and trades in real estate properties in the People’s Republic of China and Kazakhstan.
Excellent balance sheet average dividend payer.
Share Price & News
How has Polytec Asset Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 208 has not had significant price volatility in the past 3 months.
7 Day Return
HK Real Estate
1 Year Return
HK Real Estate
Return vs Industry: 208 underperformed the Hong Kong Real Estate industry which returned -12.4% over the past year.
Return vs Market: 208 underperformed the Hong Kong Market which returned -0.9% over the past year.
Price Volatility Vs. Market
How volatile is Polytec Asset Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall StInvestors Who Bought Polytec Asset Holdings (HKG:208) Shares Five Years Ago Are Now Down 30%
1 month ago | Simply Wall StPolytec Asset Holdings (HKG:208) Has A Somewhat Strained Balance Sheet
1 month ago | Simply Wall StA Look At The Fair Value Of Polytec Asset Holdings Limited (HKG:208)
Is Polytec Asset Holdings undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 208 (HK$0.77) is trading above our estimate of fair value (HK$0.67)
Significantly Below Fair Value: 208 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 208 is good value based on its PE Ratio (4.8x) compared to the HK Real Estate industry average (7x).
PE vs Market: 208 is good value based on its PE Ratio (4.8x) compared to the Hong Kong market (10.3x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 208's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 208 is good value based on its PB Ratio (0.2x) compared to the HK Real Estate industry average (0.5x).
How is Polytec Asset Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Real Estate 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 Polytec Asset 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.
- Examine whether Polytec Asset Holdings is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Polytec Asset Holdings competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Real Estate industry.
How has Polytec Asset Holdings performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 208 has a large one-off gain of HK$252.3M impacting its December 31 2019 financial results.
Growing Profit Margin: 208's current net profit margins (78%) are lower than last year .
Past Earnings Growth Analysis
Earnings Trend: 208's earnings have grown significantly by 63.8% per year over the past 5 years.
Accelerating Growth: 208's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 208 had negative earnings growth (-56.3%) over the past year, making it difficult to compare to the Real Estate industry average (3.9%).
Return on Equity
High ROE: 208's Return on Equity (5.1%) is considered low.
How is Polytec Asset Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: 208's short term assets (HK$2.9B) exceed its short term liabilities (HK$194.8M).
Long Term Liabilities: 208's short term assets (HK$2.9B) exceed its long term liabilities (HK$2.6B).
Debt to Equity History and Analysis
Debt Level: 208's debt to equity ratio (18.6%) is considered satisfactory.
Reducing Debt: 208's debt to equity ratio has reduced from 19% to 18.6% over the past 5 years.
Debt Coverage: 208's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 208's interest payments on its debt are well covered by EBIT (7.8x coverage).
What is Polytec Asset Holdings's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 208's dividend (9.48%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.31%).
High Dividend: 208's dividend (9.48%) is in the top 25% of dividend payers in the Hong Kong market (6.79%)
Stability and Growth of Payments
Stable Dividend: 208's dividend payments have been volatile in the past 10 years.
Growing Dividend: 208's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (45.8%), 208's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Kwok Kwong Yeung (61yo)
Mr. Kwok Kwong Yeung has been the Managing Director of Polytec Asset Holdings Limited (formerly Kin Don Holdings Limited) since September 2000. Mr. Yeung is responsible for the development of corporate str ...
CEO Compensation Analysis
Compensation vs Market: Kwok Kwong's total compensation ($USD425.24K) is above average for companies of similar size in the Hong Kong market ($USD322.00K).
Compensation vs Earnings: Kwok Kwong's compensation has been consistent with company performance over the past year.
|Executive Chairman||14.25yrs||no data||1.87% HK$64.0m|
|MD & Executive Director||19.83yrs||HK$3.30m||0.045% HK$1.6m|
|Executive Director||18.5yrs||HK$2.02m||0.15% HK$5.2m|
|Executive Director||14.25yrs||HK$2.00m||0.0066% HK$225.2k|
|Non-Executive Director||19.83yrs||HK$400.00k||0.011% HK$389.0k|
|Independent Non-Executive Director||20yrs||HK$400.00k||no data|
|Independent Non-Executive Director||7.58yrs||HK$400.00k||no data|
|Non-Executive Director||9yrs||HK$400.00k||0.16% HK$5.4m|
|Independent Non-Executive Director||7.58yrs||HK$400.00k||no data|
Experienced Board: 208's board of directors are seasoned and experienced ( 14.3 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Polytec Asset Holdings Limited's company bio, employee growth, exchange listings and data sources
- Name: Polytec Asset Holdings Limited
- Ticker: 208
- Exchange: SEHK
- Founded: 1998
- Industry: Real Estate Development
- Sector: Real Estate
- Market Cap: HK$3.418b
- Shares outstanding: 4.44b
- Website: https://www.polytecasset.com
Number of Employees
- Polytec Asset Holdings Limited
- Pioneer Centre
- 23rd Floor
- Hong Kong
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|KID1||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Sep 1998|
|208||SEHK (The Stock Exchange of Hong Kong Ltd.)||Yes||Ordinary Shares||HK||HKD||Sep 1998|
Polytec Asset Holdings Limited, an investment holding company, primarily invests in, develops, and trades in real estate properties in the People’s Republic of China and Kazakhstan. The company operates through four segments: Properties, Oil, Ice and Cold Storage, and Financial Investments. It develops residential and commercial properties. The company has a development land bank of 294,000 square meters; and investment land bank of approximately 18,000 square meters in Macau. It is also involved in the oil exploration and production activities in Kazakhstan; manufacturing and trading ice; the provision of cold storage and consultancy services; and general trading activities. In addition, the company involved in equity and debt securities. The company was formerly known as Kin Don Holdings Limited and changed its name to Polytec Asset Holdings Limited in January 2004. The company was incorporated in 1998 and is headquartered in Kowloon, Hong Kong. Polytec Asset Holdings Limited is a subsidiary of Marble King International Limited.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/11 12:39|
|End of Day Share Price||2020/07/10 00:00|
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.