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Winfair Investment

SEHK:287
Snowflake Description

Excellent balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
287
SEHK
HK$500M
Market Cap
  1. Home
  2. HK
  3. Real Estate
Company description

Winfair Investment Company Limited, together with its subsidiaries, engages in the property and securities investment, and securities dealing activities primarily in Hong Kong. The last earnings update was 190 days ago. More info.


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287 Share Price and Events
7 Day Returns
-3.7%
SEHK:287
3.8%
HK Real Estate
3.9%
HK Market
1 Year Returns
-16.7%
SEHK:287
-1.5%
HK Real Estate
-8.1%
HK Market
287 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Winfair Investment (287) -3.7% -8.5% -8.8% -16.7% 40.8% 95.3%
HK Real Estate 3.8% 4.2% -3.3% -1.5% 56.2% 53.4%
HK Market 3.9% 3.5% -3.7% -8.1% 24.6% 7.1%
1 Year Return vs Industry and Market
  • 287 underperformed the Real Estate industry which returned -1.5% over the past year.
  • 287 underperformed the Market in Hong Kong which returned -8.1% over the past year.
Price Volatility
287
Industry
5yr Volatility vs Market

287 Value

 Is Winfair Investment 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
Here we compare the current share price of Winfair Investment to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Winfair Investment.

SEHK:287 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 8.9%
Perpetual Growth Rate 10-Year HK Government Bond Rate 2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SEHK:287
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6.7%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 1.03
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.031 (1 + (1- 25%) (4.3%))
1.043
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.04
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.043 * 6.65%)
8.94%

Discounted Cash Flow Calculation for SEHK:287 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Winfair Investment is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

SEHK:287 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 8.94%)
2019 0.45 Est @ -42.48% 0.41
2020 0.32 Est @ -29.14% 0.27
2021 0.25 Est @ -19.8% 0.20
2022 0.22 Est @ -13.26% 0.16
2023 0.20 Est @ -8.68% 0.13
2024 0.19 Est @ -5.47% 0.11
2025 0.18 Est @ -3.23% 0.10
2026 0.18 Est @ -1.66% 0.09
2027 0.18 Est @ -0.56% 0.08
2028 0.18 Est @ 0.21% 0.08
Present value of next 10 years cash flows HK$1.63
SEHK:287 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= HK$0.18 × (1 + 2%) ÷ (8.94% – 2%)
HK$2.65
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$2.65 ÷ (1 + 8.94%)10
HK$1.13
SEHK:287 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$1.63 + HK$1.13
HK$2.76
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$2.76 / 40.00
HK$0.07
SEHK:287 Discount to Share Price
Calculation Result
Value per share (HKD) From above. HK$0.07
Current discount Discount to share price of HK$12.50
= -1 x (HK$12.50 - HK$0.07) / HK$0.07
-18040%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Winfair Investment is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Winfair Investment's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Winfair Investment's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:287 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in HKD HK$7.34
SEHK:287 Share Price ** SEHK (2019-06-24) in HKD HK$12.5
Hong Kong Real Estate Industry PE Ratio Median Figure of 188 Publicly-Listed Real Estate Companies 6.36x
Hong Kong Market PE Ratio Median Figure of 1,487 Publicly-Listed Companies 10.8x

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

** Primary Listing of Winfair Investment.

SEHK:287 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:287 Share Price ÷ EPS (both in HKD)

= 12.5 ÷ 7.34

1.7x

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

  • Winfair Investment is good value based on earnings compared to the HK Real Estate industry average.
  • Winfair Investment is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Winfair Investment's expected growth come at a high price?
Raw Data
SEHK:287 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 1.7x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-11.1%per year
Hong Kong Real Estate Industry PEG Ratio Median Figure of 60 Publicly-Listed Real Estate Companies 0.28x
Hong Kong Market PEG Ratio Median Figure of 470 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 Winfair Investment, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Winfair Investment's assets?
Raw Data
SEHK:287 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in HKD HK$30.56
SEHK:287 Share Price * SEHK (2019-06-24) in HKD HK$12.5
Hong Kong Real Estate Industry PB Ratio Median Figure of 229 Publicly-Listed Real Estate Companies 0.56x
Hong Kong Market PB Ratio Median Figure of 2,172 Publicly-Listed Companies 0.94x
SEHK:287 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:287 Share Price ÷ Book Value per Share (both in HKD)

= 12.5 ÷ 30.56

0.41x

* Primary Listing of Winfair Investment.

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

  • Winfair Investment is good value based on assets compared to the HK Real Estate industry average.
X
Value checks
We assess Winfair Investment'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. Winfair Investment has a total score of 3/6, 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.

287 Future Performance

 How is Winfair Investment expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Winfair Investment, future earnings growth has been estimated based on fundamentals.
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
-11.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Winfair Investment expected to grow at an attractive rate?
  • Winfair Investment's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2%.
Growth vs Market Checks
  • Winfair Investment's earnings are expected to decrease over the next 1-3 years, this is below the Hong Kong market average.
  • Unable to compare Winfair Investment's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:287 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:287 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -11.1%
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 16.4%
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:287 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (8 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:287 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-09-30 30 1 293
2018-06-30 29 10 327
2018-03-31 28 19 361
2017-12-31 28 20 269
2017-09-30 28 22 176
2017-06-30 27 21 114
2017-03-31 27 20 51
2016-12-31 27 18 18
2016-09-30 27 17 -15
2016-06-30 26 11 -6
2016-03-31 26 5 4
2015-12-31 27 7 36

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Winfair Investment's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Winfair Investment 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:287 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (8 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Winfair Investment Company Filings, last reported 8 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:287 Past Financials Data
Date (Data in HKD Millions) EPS *
2018-09-30 7.34
2018-06-30 8.18
2018-03-31 9.03
2017-12-31 6.72
2017-09-30 4.40
2017-06-30 2.84
2017-03-31 1.27
2016-12-31 0.45
2016-09-30 -0.38
2016-06-30 -0.14
2016-03-31 0.09
2015-12-31 0.89

*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 Winfair Investment will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Winfair Investment'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.
Winfair Investment 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.

287 Past Performance

  How has Winfair Investment performed over the past 5 years?

  • Winfair Investment's last earnings update was 190 days ago.
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 Winfair Investment'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.
  • Winfair Investment has delivered over 20% year on year earnings growth in the past 5 years.
  • Winfair Investment's 1-year earnings growth exceeds its 5-year average (66.6% vs 44.7%)
  • Winfair Investment's earnings growth has exceeded the HK Real Estate industry average in the past year (66.6% vs 6.3%).
Earnings and Revenue History
Winfair Investment'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 Winfair Investment Company Filings, last reported 8 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:287 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 30.05 293.41 5.79
2018-06-30 29.18 327.30 5.86
2018-03-31 28.30 361.19 5.94
2017-12-31 28.01 268.66 6.27
2017-09-30 27.73 176.14 6.61
2017-06-30 27.12 113.54 6.64
2017-03-31 26.50 50.95 6.67
2016-12-31 26.59 17.87 6.68
2016-09-30 26.67 -15.21 6.68
2016-06-30 26.24 -5.74 6.71
2016-03-31 25.82 3.72 6.74
2015-12-31 26.99 35.70 6.69
2015-09-30 28.15 67.67 6.63
2015-06-30 29.07 70.41 6.72
2015-03-31 30.00 73.14 6.81
2014-12-31 28.21 56.16 6.88
2014-09-30 26.42 39.18 6.94
2014-06-30 24.61 34.16 6.67
2014-03-31 22.80 29.15 6.41
2013-12-31 22.81 69.95 6.06
2013-09-30 22.82 110.76 5.72
2013-06-30 22.27 144.25 5.73
2013-03-31 21.72 177.73 5.73
2012-12-31 20.48 155.48 5.83
2012-09-30 19.23 133.22 5.92
2012-06-30 18.92 86.02 5.90

*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.
  • Winfair Investment has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Winfair Investment used its assets more efficiently than the HK Real Estate industry average last year based on Return on Assets.
  • Winfair Investment's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Winfair Investment'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.
Winfair Investment has a total score of 5/6, 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.

287 Health

 How is Winfair Investment'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 Winfair Investment's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Winfair Investment is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Winfair Investment's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Winfair Investment'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 28x 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 Winfair Investment Company Filings, last reported 8 months ago.

SEHK:287 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 1,222.37 21.49 601.59
2018-06-30 1,222.37 21.49 601.59
2018-03-31 1,168.49 22.45 531.62
2017-12-31 1,168.49 22.45 531.62
2017-09-30 949.86 23.42 236.80
2017-06-30 949.86 23.42 236.80
2017-03-31 811.11 24.38 113.49
2016-12-31 811.11 24.38 113.49
2016-09-30 770.56 25.35 109.01
2016-06-30 770.56 25.35 109.01
2016-03-31 754.51 26.31 83.70
2015-12-31 754.51 26.31 83.70
2015-09-30 778.23 27.28 86.26
2015-06-30 778.23 27.28 86.26
2015-03-31 764.95 28.24 101.29
2014-12-31 764.95 28.24 101.29
2014-09-30 723.03 29.21 100.99
2014-06-30 723.03 29.21 100.99
2014-03-31 687.74 30.17 90.23
2013-12-31 687.74 30.17 90.23
2013-09-30 690.95 31.14 135.13
2013-06-30 690.95 31.14 135.13
2013-03-31 673.29 16.39 146.61
2012-12-31 673.29 16.39 146.61
2012-09-30 584.75 16.96 130.01
2012-06-30 584.75 16.96 130.01
  • Winfair Investment's level of debt (1.8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (4.5% vs 1.8% today).
  • Debt is not well covered by operating cash flow (3.6%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 35x coverage).
X
Financial health checks
We assess Winfair Investment'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. Winfair Investment 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.

287 Dividends

 What is Winfair Investment'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
1.52%
Current annual income from Winfair Investment dividends.
If you bought HK$2,000 of Winfair Investment shares you are expected to receive HK$30 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?
  • Winfair Investment's pays a lower dividend yield than the bottom 25% of dividend payers in Hong Kong (2.08%).
  • Winfair Investment's dividend is below the markets top 25% of dividend payers in Hong Kong (5.86%).
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:287 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.

SEHK:287 Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2018-12-17 0.190 1.398
2018-11-30 0.190 1.377
2018-06-29 0.140 0.978
2017-09-06 0.140 0.975
2016-07-21 0.140 1.267
2016-06-30 0.140 1.560
2015-08-10 0.140 1.455
2014-07-15 0.120 1.440
2014-06-26 0.120 1.875
2013-07-15 0.120 1.790
2013-06-26 0.120 1.867
2012-11-28 0.120 1.971
2012-06-29 0.120 2.396
2011-11-29 0.120 2.574
2011-06-28 0.125 2.089
2010-11-25 0.125 2.130
2010-07-28 0.125 2.670
2010-07-16 0.125 2.875
2009-12-15 0.125 3.110
2009-07-20 0.120 3.296

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Winfair Investment's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (52.4x coverage).
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 Winfair Investment'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 Winfair Investment afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Winfair Investment has a total score of 3/6, see the detailed checks below.


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

287 Management

 What is the CEO of Winfair Investment'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.
  • Winfair Investment has no CEO, or we have no data on them.
Management Team

Tai Ng

TITLE
Chairman
COMPENSATION
HK$777K
AGE
57

Victor Ng

TITLE
Executive Director
COMPENSATION
HK$630K
AGE
53

Mimoona Ma

TITLE
Company Secretary & Head of Accounting Department
AGE
44
Board of Directors Tenure

Average tenure and age of the Winfair Investment board of directors in years:

10.3
Average Tenure
58
Average Age
  • The average tenure for the Winfair Investment board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Victor Ng

TITLE
Executive Director
COMPENSATION
HK$630K
AGE
53
TENURE
11.3 yrs

Simon Ng

TITLE
Independent Non-Executive Director
COMPENSATION
HK$90K
AGE
60
TENURE
23.7 yrs

Tai Ng

TITLE
Chairman
COMPENSATION
HK$777K
AGE
57
TENURE
2.3 yrs

Esther Chan

TITLE
Independent Non-Executive Director
COMPENSATION
HK$90K
AGE
60
TENURE
14.8 yrs

Roy Heng

TITLE
Independent Non-Executive Director
AGE
38
TENURE
1.2 yrs

Kwok So

TITLE
Non-Executive Director
COMPENSATION
HK$90K
AGE
60
TENURE
33.7 yrs

Kwok Ng

TITLE
Non-Executive Director
COMPENSATION
HK$70K
AGE
59
TENURE
2 yrs

Benjamin So

TITLE
Non-Executive Director
COMPENSATION
HK$90K
AGE
55
TENURE
9.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
X
Management checks
We assess Winfair Investment'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. Winfair Investment 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.

287 News

Simply Wall St News

If You Like EPS Growth Then Check Out Winfair Investment (HKG:287) Before It's Too Late

Check out our latest analysis for Winfair Investment How Fast Is Winfair Investment Growing Its Earnings Per Share? … Over the last three years, Winfair Investment has grown earnings per share (EPS) like young bamboo after rain; fast, and from a low base. … You can't deny that Winfair Investment has grown its earnings per share at a very impressive rate.

Simply Wall St -

Why Fundamental Investors Might Love Winfair Investment Company Limited (HKG:287)

SEHK:287 Income Statement, May 23rd 2019 Next Steps: For Winfair Investment, I've compiled three important factors you should further examine: Future Outlook: What are well-informed industry analysts predicting for 287’s future growth? … Take a look at our free research report of analyst consensus for 287’s outlook. … The intrinsic value infographic in our free research report helps visualize whether 287 is currently mispriced by the market.

Simply Wall St -

Is Winfair Investment Company Limited (HKG:287) A Great Dividend Stock?

Could Winfair Investment Company Limited (HKG:287) be an attractive dividend share to own for the long haul? … At the right price, or with strong growth opportunities, Winfair Investment could have potential. … When buying stocks for their dividends, you should always run through the checks below, to see if the dividend looks sustainable.

Simply Wall St -

Introducing Winfair Investment (HKG:287), The Stock That Zoomed 112% In The Last Five Years

Long term Winfair Investment Company Limited (HKG:287) shareholders would be well aware of this, since the stock is up 112% in five years. … By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … Over half a decade, Winfair Investment managed to grow its earnings per share at 22% a year.

Simply Wall St -

Could Winfair Investment Company Limited's (HKG:287) Investor Composition Influence The Stock Price?

Every investor in Winfair Investment Company Limited (HKG:287) should be aware of the most powerful shareholder groups. … Winfair Investment is a smaller company with a market capitalization of HK$556m, so it may still be flying under the radar of many institutional investors. … institutions don't own shares in the company.

Simply Wall St -

Is Winfair Investment Company Limited (HKG:287) An Attractive Dividend Stock?

Dividends play an important role in compounding returns in the long run and end up forming a sizeable part of investment returns. … Historically, Winfair Investment Company Limited (HKG:287) has paid a dividend to shareholders. … Does Winfair Investment tick all the boxes of a great dividend stock?

Simply Wall St -

Should You Be Tempted To Buy Winfair Investment Company Limited (HKG:287) At Its Current PE Ratio?

Winfair Investment Company Limited (HKG:287) trades with a trailing P/E of 1.7, which is lower than the industry average of 5.3. … While 287 might seem like an attractive stock to buy, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions. … I will deconstruct the P/E ratio and highlight what you need to be careful of when using the P/E ratio

Simply Wall St -

How Did Winfair Investment Company Limited's (HKG:287) 30.9% ROE Fare Against The Industry?

Winfair Investment Company Limited (HKG:287) outperformed the real estate operating companies industry on the basis of its ROE – producing a higher 30.9% relative to the peer average of 9.5% over the past 12 months. … If 287 borrows debt to invest in its business, its profits will be higher. … But ROE does not capture any debt, so we only see high profits and low equity, which is great on the surface.

Simply Wall St -

Who Are The Major Shareholders In Winfair Investment Company Limited (HKG:287)?

I am going to take a deep dive into Winfair Investment Company Limited’s (HKG:287) most recent ownership structure, not a frequent subject of discussion among individual investors. … Ownership structure of a company has been found to affect share performance over time. … The implications of these institutions’ actions can either benefit or hinder individual investors, so it is important to understand the ownership composition of your stock investment.

Simply Wall St -

Why Winfair Investment Company Limited (HKG:287) Is An Attractive Investment

As an investor, I look for investments which does not compromise one fundamental factor for another. … By this I mean, I look at stocks holistically, from their financial health to their future outlook. … is a company with great financial health as well as a.

Simply Wall St -

287 Company Info

Description

Winfair Investment Company Limited, together with its subsidiaries, engages in the property and securities investment, and securities dealing activities primarily in Hong Kong. The company operates through Securities Investment and Property Leasing segments. It invests in short-term and long-term securities, as well as leases residential, commercial, and industrial properties. The company was founded in 1971 and is based in Kowloon, Hong Kong.

Details
Name: Winfair Investment Company Limited
287
Exchange: SEHK
Founded: 1971
HK$500,000,000
40,000,000
Website: http://www.winfairinvestment.com
Address: Winfair Investment Company Limited
501-2, Lee Kiu Building,
5th Floor,
Kowloon,
Kowloon, Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 287 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 02. Jan 1992
Number of employees
Current staff
Staff numbers
6
Winfair Investment employees.
Industry
Real Estate Operating Companies
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/25 12:34
End of day share price update: 2019/06/24 00:00
Last earnings filing: 2018/12/17
Last earnings reported: 2018/09/30
Last annual earnings reported: 2018/03/31


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.