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AVIC International Holding (HK)

SEHK:232
Snowflake Description

Excellent balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
232
SEHK
HK$2B
Market Cap
  1. Home
  2. HK
  3. Real Estate
Company description

AVIC International Holding (HK) Limited, an investment holding company, engages in the design, development, and production of general aviation aircraft piston engines and spare parts in the United States, Europe, and internationally. The last earnings update was 73 days ago. More info.


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  • AVIC International Holding (HK) has significant price volatility in the past 3 months.
232 Share Price and Events
7 Day Returns
5.7%
SEHK:232
2.4%
HK Real Estate
3.9%
HK Market
1 Year Returns
-30.7%
SEHK:232
-4.7%
HK Real Estate
-9.3%
HK Market
232 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
AVIC International Holding (HK) (232) 5.7% -4.6% -16.1% -30.7% -61.8% -35.5%
HK Real Estate 2.4% 3.4% -3.4% -4.7% 55.9% 53.4%
HK Market 3.9% 3.5% -3.6% -9.3% 24.9% 7.4%
1 Year Return vs Industry and Market
  • 232 underperformed the Real Estate industry which returned -4.7% over the past year.
  • 232 underperformed the Market in Hong Kong which returned -9.3% over the past year.
Price Volatility
232
Industry
5yr Volatility vs Market

232 Value

 Is AVIC International Holding (HK) 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
  • It is not possible to calculate the future cash flow value for AVIC International Holding (HK). This is due to cash flow or dividend data being unavailable. The share price is HK$0.187.
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 AVIC International Holding (HK)'s earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are AVIC International Holding (HK)'s earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:232 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in HKD HK$-0.01
SEHK:232 Share Price ** SEHK (2019-06-24) in HKD HK$0.19
Hong Kong Real Estate Industry PE Ratio Median Figure of 188 Publicly-Listed Real Estate Companies 6.29x
Hong Kong Market PE Ratio Median Figure of 1,487 Publicly-Listed Companies 10.87x

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

** Primary Listing of AVIC International Holding (HK).

SEHK:232 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:232 Share Price ÷ EPS (both in HKD)

= 0.19 ÷ -0.01

-15.36x

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

  • AVIC International Holding (HK) is loss making, we can't compare its value to the HK Real Estate industry average.
  • AVIC International Holding (HK) is loss making, we can't compare the value of its earnings to the Hong Kong market.
Price based on expected Growth
Does AVIC International Holding (HK)'s expected growth come at a high price?
Raw Data
SEHK:232 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -15.36x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Hong Kong Real Estate Industry PEG Ratio Median Figure of 60 Publicly-Listed Real Estate Companies 0.27x
Hong Kong Market PEG Ratio Median Figure of 469 Publicly-Listed Companies 0.78x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for AVIC International Holding (HK), we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on AVIC International Holding (HK)'s assets?
Raw Data
SEHK:232 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in HKD HK$0.39
SEHK:232 Share Price * SEHK (2019-06-24) in HKD HK$0.19
Hong Kong Real Estate Industry PB Ratio Median Figure of 229 Publicly-Listed Real Estate Companies 0.57x
Hong Kong Market PB Ratio Median Figure of 2,172 Publicly-Listed Companies 0.94x
SEHK:232 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:232 Share Price ÷ Book Value per Share (both in HKD)

= 0.19 ÷ 0.39

0.48x

* Primary Listing of AVIC International Holding (HK).

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

  • AVIC International Holding (HK) is good value based on assets compared to the HK Real Estate industry average.
X
Value checks
We assess AVIC International Holding (HK)'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 Real Estate 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 Real Estate industry average (and greater than 0)? (1 check)
  5. AVIC International Holding (HK) has a total score of 1/6, 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.

232 Future Performance

 How is AVIC International Holding (HK) expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 AVIC International Holding (HK) 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
5.6%
Expected Real Estate industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is AVIC International Holding (HK) expected to grow at an attractive rate?
  • Unable to compare AVIC International Holding (HK)'s earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare AVIC International Holding (HK)'s earnings growth to the Hong Kong market average as no estimate data is available.
  • Unable to compare AVIC International Holding (HK)'s revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:232 Future Growth Rates Data Sources
Data Point Source Value (per year)
Hong Kong Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 5.6%
Hong Kong Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 16.5%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.1%
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:232 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:232 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-12-31 1,341 -24 -109
2018-09-30 975 94 -88
2018-06-30 2,129 211 -334
2018-03-31 1,825 381 -311
2017-12-31 551 -21
2017-09-30 19 628 -198
2017-06-30 38 704 -375
2017-03-31 70 626 -544
2016-12-31 103 547 -713
2016-09-30 1,156 445 -769
2016-06-30 2,210 343 -826
2016-03-31 2,182 250 -385

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if AVIC International Holding (HK) is high growth as no earnings estimate data is available.
  • Unable to determine if AVIC International Holding (HK) is high growth as no revenue estimate data is available.
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:232 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from AVIC International Holding (HK) Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:232 Past Financials Data
Date (Data in HKD Millions) EPS *
2018-12-31 -0.01
2018-09-30 -0.01
2018-06-30 -0.05
2018-03-31 -0.05
2017-12-31 0.00
2017-09-30 -0.04
2017-06-30 -0.07
2017-03-31 -0.10
2016-12-31 -0.13
2016-09-30 -0.14
2016-06-30 -0.15
2016-03-31 -0.07

*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.
  • Unable to establish if AVIC International Holding (HK) will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine AVIC International Holding (HK)'s financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. AVIC International Holding (HK)'s future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Real Estate companies here
  3. AVIC International Holding (HK)'s competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess AVIC International Holding (HK)'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.
AVIC International Holding (HK) has a total score of 0/6, 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.

232 Past Performance

  How has AVIC International Holding (HK) 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 AVIC International Holding (HK)'s growth in the last year to its industry (Real Estate).
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.
  • AVIC International Holding (HK) does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare AVIC International Holding (HK)'s 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare AVIC International Holding (HK)'s 1-year growth to the HK Real Estate industry average as it is not currently profitable.
Earnings and Revenue History
AVIC International Holding (HK)'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 AVIC International Holding (HK) Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:232 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,341.22 -108.60 427.66
2018-09-30 974.55 -87.51 326.34
2018-06-30 2,128.58 -334.26 287.81
2018-03-31 1,824.65 -311.37 182.96
2017-12-31 -20.65 15.31
2017-09-30 19.10 -197.99 34.67
2017-06-30 38.20 -375.33 54.03
2017-03-31 70.49 -544.27 63.67
2016-12-31 102.79 -713.20 73.31
2016-09-30 1,156.32 -769.40 75.91
2016-06-30 2,209.85 -825.60 78.52
2016-03-31 2,182.42 -384.86 77.79
2015-12-31 2,154.99 55.88 77.06
2015-09-30 1,100.34 375.53 73.16
2015-06-30 45.69 695.18 69.27
2015-03-31 58.27 361.22 63.56
2014-12-31 70.86 27.27 57.86
2014-09-30 68.60 158.31 52.88
2014-06-30 66.34 289.35 47.89
2014-03-31 57.16 343.30 47.04
2013-12-31 47.98 397.24 46.19
2013-09-30 55.26 179.23 32.61
2013-06-30 62.54 -38.78 19.03
2013-03-31 74.93 160.44 35.32
2012-12-31 87.33 359.65 51.62
2012-06-30 41.32 684.87 78.13

*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.
  • It is difficult to establish if AVIC International Holding (HK) has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if AVIC International Holding (HK) has efficiently used its assets last year compared to the HK Real Estate industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if AVIC International Holding (HK) improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess AVIC International Holding (HK)'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 Real Estate 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.
AVIC International Holding (HK) has a total score of 0/6, 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.

232 Health

 How is AVIC International Holding (HK)'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 AVIC International Holding (HK)'s finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • AVIC International Holding (HK) is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • AVIC International Holding (HK)'s cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of AVIC International Holding (HK)'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 15.6x 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 AVIC International Holding (HK) Company Filings, last reported 5 months ago.

SEHK:232 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 3,619.17 121.25 1,228.14
2018-09-30 3,619.17 121.25 1,228.14
2018-06-30 3,716.49 554.12 328.23
2018-03-31 3,716.49 554.12 328.23
2017-12-31 2,271.93 1,426.63 791.07
2017-09-30 2,271.93 1,426.63 791.07
2017-06-30 2,532.06 1,659.81 780.73
2017-03-31 2,532.06 1,659.81 780.73
2016-12-31 2,526.75 1,940.19 708.95
2016-09-30 2,526.75 1,940.19 708.95
2016-06-30 2,950.51 2,399.84 812.07
2016-03-31 2,950.51 2,399.84 812.07
2015-12-31 3,331.66 2,412.22 759.04
2015-09-30 3,331.66 2,412.22 759.04
2015-06-30 3,802.86 2,623.19 1,058.74
2015-03-31 3,802.86 2,623.19 1,058.74
2014-12-31 3,361.76 3,066.52 1,466.82
2014-09-30 3,361.76 3,066.52 1,466.82
2014-06-30 2,075.74 39.38 1,117.15
2014-03-31 2,075.74 39.38 1,117.15
2013-12-31 2,230.31 40.38 1,136.36
2013-09-30 2,230.31 40.38 1,136.36
2013-06-30 2,017.33 40.29 989.12
2013-03-31 2,017.33 40.29 989.12
2012-12-31 1,958.20 14.63 1,031.64
2012-06-30 1,952.85 39.51 737.57
  • AVIC International Holding (HK)'s level of debt (3.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (1.8% vs 3.4% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • AVIC International Holding (HK) has sufficient cash runway for more than 3 years based on current free cash flow.
  • AVIC International Holding (HK) has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 23.2% each year.
X
Financial health checks
We assess AVIC International Holding (HK)'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. AVIC International Holding (HK) has a total score of 5/6, 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.

232 Dividends

 What is AVIC International Holding (HK)'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%
Current annual income from AVIC International Holding (HK) dividends.
If you bought HK$2,000 of AVIC International Holding (HK) shares you are expected to receive HK$0 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?
  • Unable to evaluate AVIC International Holding (HK)'s dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate AVIC International Holding (HK)'s dividend against the top 25% market benchmark as the company has not reported any payouts.
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:232 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 0 Analyst Estimates (S&P Global) See Below
Hong Kong Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 143 Stocks 4%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 966 Stocks 3.6%
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 5.9%

Industry and Market average data is calculated daily.

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

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

  • Unable to perform a dividend volatility check as AVIC International Holding (HK) has not reported any payouts.
  • Unable to verify if AVIC International Holding (HK)'s dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of AVIC International Holding (HK)'s earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as AVIC International Holding (HK) has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess AVIC International Holding (HK)'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 AVIC International Holding (HK) afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. AVIC International Holding (HK) has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

232 Management

 What is the CEO of AVIC International Holding (HK)'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
Wei Xuan Lai
COMPENSATION HK$36,000
AGE 54
TENURE AS CEO 0.8 years
CEO Bio

Mr. Wei Xuan Lai has been Chief Executive Officer of AVIC International Holding (HK) Limited since August 24, 2018. Mr. Wei serves as President of AVIC International Holding Corporation and served as its Executive Vice President. Mr. Lai served as the President of Rainbow Department Store Co., Ltd. (alternate name, Shenzhen Rainbow Department Store Co., Ltd.). He served as a Vice President of AVIC International Holdings Limited. He served as a General Manager of Rainbow Department Store Co., Ltd., a subsidiary of Shenzhen CATIC. Mr. Lai joined Shenzhen CATIC in 1983 and the Group in 2004. Mr. Lai has extensive experience in finance and administration and management. He served as Chairman of Rainbow Department Store Co., Ltd. He served the Chairman of Fiyta Holdings Ltd until November 25, 2014 and served its Director from September 10, 2012 to November 25, 2014. He has been Second Vice Chairman of AVIC International Holdings Limited since August 21, 2015. Mr. Lai served as the Vice Chairman of Shenzhen Fiyta Holdings Ltd. He also serves as a Member of the Board of Directors of AVIC Investment Management Company Limited. Mr. Lai has been an Executive Director of AVIC International Holdings Limited (formerly Catic Shenzhen Holdings Ltd.) since June 6, 2014 and AVIC International Holding (HK) Limited since June 23, 2015. He served as an Executive Director of AVIC International Holdings Limited (formerly Catic Shenzhen Holdings Ltd.) from 2004 to June 19, 2012. Mr. Lai Served as Director of Rainbow Department Store Co., Ltd. since 2004. He served as a Director of Shenzhen Fiyta Holdings Ltd. since May 2004. He is a Senior Accountant. He holds an M.B.A from IVY University of USA. He holds doctorate degree in Management from Tongji University and an EMBA of Guanghua School of Management from Peking University.

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

Average tenure and age of the AVIC International Holding (HK) management team in years:

0.8
Average Tenure
46
Average Age
  • The average tenure for the AVIC International Holding (HK) management team is less than 2 years, this suggests a new team.
Management Team

Hong De Liu

TITLE
Chairman
COMPENSATION
HK$36K
AGE
57

Wei Xuan Lai

TITLE
CEO & Executive Director
COMPENSATION
HK$36K
AGE
54
TENURE
0.8 yrs

Fang Xing Fu

TITLE
Executive Director
COMPENSATION
HK$12K
AGE
45

Xiaodong Yu

TITLE
Executive Director
COMPENSATION
HK$12K
AGE
45

Zhibiao Zhang

TITLE
Executive Director
COMPENSATION
HK$12K
AGE
44

Yang Zhao

TITLE
Chief Financial Officer
AGE
47
TENURE
2.4 yrs

Chi Kwok

TITLE
Company Secretary
TENURE
0.5 yrs
Board of Directors Tenure

Average tenure and age of the AVIC International Holding (HK) board of directors in years:

2.5
Average Tenure
54
Average Age
  • The average tenure for the AVIC International Holding (HK) board of directors is less than 3 years, this suggests a new board.
Board of Directors

Hong De Liu

TITLE
Chairman
COMPENSATION
HK$36K
AGE
57
TENURE
2.5 yrs

Wei Xuan Lai

TITLE
CEO & Executive Director
COMPENSATION
HK$36K
AGE
54
TENURE
4 yrs

Fang Xing Fu

TITLE
Executive Director
COMPENSATION
HK$12K
AGE
45
TENURE
0.8 yrs

Xiaodong Yu

TITLE
Executive Director
COMPENSATION
HK$12K
AGE
45
TENURE
0.8 yrs

Zhibiao Zhang

TITLE
Executive Director
COMPENSATION
HK$12K
AGE
44
TENURE
0.8 yrs

David Chu

TITLE
Independent Non-Executive Director
COMPENSATION
HK$240K
AGE
74
TENURE
20.1 yrs

Ping Zhang

TITLE
Independent Non-Executive Director
AGE
53
TENURE
2.1 yrs

David Li

TITLE
Independent Non-Executive Director
COMPENSATION
HK$240K
AGE
63
TENURE
11.5 yrs

Raymond Chow

TITLE
Non-Executive Director
COMPENSATION
HK$120K
AGE
70
TENURE
4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
X
Management checks
We assess AVIC International Holding (HK)'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. AVIC International Holding (HK) 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.

232 News

Simply Wall St News

Such Is Life: How AVIC International Holding (HK) (HKG:232) Shareholders Saw Their Shares Drop 59%

While it may not be enough for some shareholders, we think it is good to see the AVIC International Holding (HK) Limited (HKG:232) share price up 14% in a single quarter. … Because AVIC International Holding (HK) is loss-making, we think the market is probably more focussed on revenue and revenue growth, at least for now. … Over the last three years, AVIC International Holding (HK)'s revenue dropped 14% per year.

Simply Wall St -

Does Market Volatility Impact AVIC International Holding (HK) Limited's (HKG:232) Share Price?

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). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

Is AVIC International Holding (HK) Limited (HKG:232) A Financially Sound Company?

AVIC International Holding (HK) Limited (HKG:232) is a small-cap stock with a market capitalization of HK$1.9b. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health.

Simply Wall St -

Does Market Volatility Impact AVIC International Holding (HK) Limited's (HKG:232) Share Price?

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … While we should keep in mind that Warren Buffett has cautioned that 'Volatility is far from synonymous with risk', beta is still a useful factor to consider.

Simply Wall St -

What Investors Should Know About AVIC International Holding (HK) Limited's (HKG:232) Financial Strength

AVIC International Holding (HK) Limited (HKG:232) is a small-cap stock with a market capitalization of HK$1.7b. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health.

Simply Wall St -

AVIC International Holding (HK) Limited (HKG:232): What Does It Mean For Your Portfolio?

Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market. … In comparison a stock with a beta of over one tends to be move in a similar direction to the market in the long term, but with greater changes in price.

Simply Wall St -

Is AVIC International Holding (HK) Limited (HKG:232) A Financially Sound Company?

While small-cap stocks, such as AVIC International Holding (HK) Limited (HKG:232) with its market cap of HK$2.42b, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn.

Simply Wall St -

232 Company Info

Description

AVIC International Holding (HK) Limited, an investment holding company, engages in the design, development, and production of general aviation aircraft piston engines and spare parts in the United States, Europe, and internationally. It also provides repair and maintenance services for aircraft engines, as well as supports for piston engines. The company was formerly known as CATIC International Holdings Limited and changed its name to AVIC International Holding (HK) Limited in June 2009. AVIC International Holding (HK) Limited is headquartered in Hong Kong, Hong Kong.

Details
Name: AVIC International Holding (HK) Limited
232
Exchange: SEHK
Founded:
HK$1,730,427,709
9,303,374,783
Website: http://
Address: AVIC International Holding (HK) Limited
United Centre,
Unit B, 15th Floor,
Hong Kong,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 232 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 03. Jun 1992
DB CTQ Ordinary Shares Deutsche Boerse AG DE EUR 03. Jun 1992
Number of employees
Current staff
Staff numbers
691
AVIC International Holding (HK) employees.
Industry
Real Estate Development
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/24 12:36
End of day share price update: 2019/06/24 00:00
Last earnings filing: 2019/04/12
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.