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Asia Investment Finance Group

SEHK:33
Snowflake Description

Mediocre balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
33
SEHK
HK$606M
Market Cap
  1. Home
  2. HK
  3. Retail
Company description

Asia Investment Finance Group Limited, an investment holding company, primarily engages in the trading of party products, and metals and minerals in the People’s Republic of China. The last earnings update was 19 days ago. More info.


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  • Asia Investment Finance Group has significant price volatility in the past 3 months.
33 Share Price and Events
7 Day Returns
10.2%
SEHK:33
-1.3%
HK Retail Distributors
0.5%
HK Market
1 Year Returns
-42.5%
SEHK:33
-25.8%
HK Retail Distributors
-6.1%
HK Market
33 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Asia Investment Finance Group (33) 10.2% -19.8% 71.1% -42.5% -71.5% -36.9%
HK Retail Distributors -1.3% -0.1% 9.4% -25.8% -36.8% -63%
HK Market 0.5% 1.1% 11.2% -6.1% 25.9% 19.4%
1 Year Return vs Industry and Market
  • 33 underperformed the Retail Distributors industry which returned -25.8% over the past year.
  • 33 underperformed the Market in Hong Kong which returned -6.1% over the past year.
Price Volatility
33
Industry
5yr Volatility vs Market

33 Value

 Is Asia Investment Finance Group 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 Asia Investment Finance Group 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 Asia Investment Finance Group.

SEHK:33 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 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:33
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6.7%
Retail Distributors Unlevered Beta Simply Wall St/ S&P Global 0.89
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.894 (1 + (1- 25%) (26.01%))
1.046
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.05
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.046 * 6.65%)
8.96%

Discounted Cash Flow Calculation for SEHK:33 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Asia Investment Finance Group 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:33 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 8.96%)
2019 15.04 Est @ 3.85% 13.81
2020 15.54 Est @ 3.3% 13.09
2021 15.99 Est @ 2.91% 12.36
2022 16.41 Est @ 2.64% 11.64
2023 16.81 Est @ 2.45% 10.95
2024 17.20 Est @ 2.31% 10.28
2025 17.58 Est @ 2.22% 9.65
2026 17.96 Est @ 2.16% 9.04
2027 18.34 Est @ 2.11% 8.47
2028 18.72 Est @ 2.08% 7.94
Present value of next 10 years cash flows HK$107.23
SEHK:33 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= HK$18.72 × (1 + 2%) ÷ (8.96% – 2%)
HK$274.61
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$274.61 ÷ (1 + 8.96%)10
HK$116.45
SEHK:33 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$107.23 + HK$116.45
HK$223.69
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$223.69 / 9,327.17
HK$0.02
SEHK:33 Discount to Share Price
Calculation Result
Value per share (HKD) From above. HK$0.02
Current discount Discount to share price of HK$0.07
= -1 x (HK$0.07 - HK$0.02) / HK$0.02
-171%

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

  • The current share price of Asia Investment Finance Group 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 Asia Investment Finance Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Asia Investment Finance Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:33 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:33 Share Price ** SEHK (2019-04-18) in HKD HK$0.07
Hong Kong Retail Distributors Industry PE Ratio Median Figure of 14 Publicly-Listed Retail Distributors Companies 12.92x
Hong Kong Market PE Ratio Median Figure of 1,474 Publicly-Listed Companies 12x

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

** Primary Listing of Asia Investment Finance Group.

SEHK:33 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:33 Share Price ÷ EPS (both in HKD)

= 0.07 ÷ -0.01

-5.88x

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

  • Asia Investment Finance Group is loss making, we can't compare its value to the HK Retail Distributors industry average.
  • Asia Investment Finance Group is loss making, we can't compare the value of its earnings to the Hong Kong market.
Price based on expected Growth
Does Asia Investment Finance Group's expected growth come at a high price?
Raw Data
SEHK:33 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -5.88x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Global Retail Distributors Industry PEG Ratio Median Figure of 19 Publicly-Listed Retail Distributors Companies 1.46x
Hong Kong Market PEG Ratio Median Figure of 462 Publicly-Listed Companies 0.86x

*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 Asia Investment Finance Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Asia Investment Finance Group's assets?
Raw Data
SEHK:33 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in HKD HK$0.03
SEHK:33 Share Price * SEHK (2019-04-18) in HKD HK$0.07
Hong Kong Retail Distributors Industry PB Ratio Median Figure of 29 Publicly-Listed Retail Distributors Companies 0.91x
Hong Kong Market PB Ratio Median Figure of 2,149 Publicly-Listed Companies 1.03x
SEHK:33 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:33 Share Price ÷ Book Value per Share (both in HKD)

= 0.07 ÷ 0.03

2.28x

* Primary Listing of Asia Investment Finance Group.

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

  • Asia Investment Finance Group is overvalued based on assets compared to the HK Retail Distributors industry average.
X
Value checks
We assess Asia Investment Finance Group'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 Retail Distributors 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 Retail Distributors industry average (and greater than 0)? (1 check)
  5. Asia Investment Finance Group has a total score of 0/6, 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.

33 Future Performance

 How is Asia Investment Finance Group 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 Asia Investment Finance Group 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
7.9%
Expected Retail Distributors industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Asia Investment Finance Group expected to grow at an attractive rate?
  • Unable to compare Asia Investment Finance Group's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Asia Investment Finance Group's earnings growth to the Hong Kong market average as no estimate data is available.
  • Unable to compare Asia Investment Finance Group's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:33 Future Growth Rates Data Sources
Data Point Source Value (per year)
Hong Kong Retail Distributors Industry Earnings Growth Rate Market Cap Weighted Average 7.9%
Global Retail Distributors Industry Revenue Growth Rate Market Cap Weighted Average 4.6%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.6%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 11.2%

*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:33 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 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:33 Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
SEHK:33 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-12-31 67 -103
2018-09-30 68 -138
2018-06-30 70 -99 -173
2018-03-31 123 -33 -157
2017-12-31 177 34 -141
2017-09-30 201 -22 -131
2017-06-30 224 -145 -121
2017-03-31 173 -237 -117
2016-12-31 122 -330 -113
2016-09-30 94 -286 -96
2016-06-30 66 -242 -78
2016-03-31 67 -149 -71

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Asia Investment Finance Group is high growth as no earnings estimate data is available.
  • Unable to determine if Asia Investment Finance Group 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:33 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Asia Investment Finance Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:33 Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
SEHK:33 Past Financials Data
Date (Data in HKD Millions) EPS *
2018-12-31 -0.01
2018-09-30 -0.01
2018-06-30 -0.02
2018-03-31 -0.02
2017-12-31 -0.02
2017-09-30 -0.01
2017-06-30 -0.01
2017-03-31 -0.01
2016-12-31 -0.01
2016-09-30 -0.01
2016-06-30 -0.01
2016-03-31 -0.01

*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 Asia Investment Finance Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Asia Investment Finance Group'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 Retail companies here
  2. Asia Investment Finance Group's competitive advantages and company strategy can generally be found in its financial reports archived here.
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Asia Investment Finance Group'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 Global 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.
Asia Investment Finance Group 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.

33 Past Performance

  How has Asia Investment Finance Group 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 Asia Investment Finance Group's growth in the last year to its industry (Retail Distributors).
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.
  • Asia Investment Finance Group does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Asia Investment Finance Group's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Asia Investment Finance Group's 1-year growth to the HK Retail Distributors industry average as it is not currently profitable.
Earnings and Revenue History
Asia Investment Finance Group'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 Asia Investment Finance Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:33 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 66.93 -103.03 87.97
2018-09-30 68.49 -137.79 94.73
2018-06-30 70.05 -172.54 101.50
2018-03-31 123.39 -156.91 107.26
2017-12-31 176.73 -141.27 113.03
2017-09-30 200.59 -131.19 116.74
2017-06-30 224.46 -121.10 120.45
2017-03-31 173.29 -117.23 111.41
2016-12-31 122.13 -113.36 102.37
2016-09-30 94.18 -95.74 83.85
2016-06-30 66.24 -78.12 65.33
2016-03-31 66.80 -71.15 51.46
2015-12-31 67.36 -64.18 37.59
2015-09-30 88.90 -67.80 30.86
2015-06-30 110.43 -71.41 24.14
2015-03-31 120.40 -74.31 23.73
2014-12-31 130.37 -77.20 23.33
2014-09-30 131.38 -90.77 23.61
2014-06-30 132.39 -104.34 23.90
2014-03-31 138.61 -99.76 27.92
2013-12-31 144.83 -95.19 31.94
2013-09-30 159.45 -727.23 38.63
2013-06-30 174.08 -1,359.28 45.32
2013-03-31 222.19 -2,170.44 51.35
2012-12-31 270.30 -2,981.61 57.39
2012-09-30 378.16 -2,432.52 65.99
2012-06-30 486.03 -1,883.44 74.59

*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 Asia Investment Finance Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Asia Investment Finance Group has efficiently used its assets last year compared to the HK Retail Distributors industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Asia Investment Finance Group 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 Asia Investment Finance Group'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 Retail Distributors 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.
Asia Investment Finance Group 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.

33 Health

 How is Asia Investment Finance Group'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 Asia Investment Finance Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Asia Investment Finance Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Asia Investment Finance Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Asia Investment Finance Group'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 1.9x 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 Asia Investment Finance Group Company Filings, last reported 3 months ago.

SEHK:33 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 292.62 157.70 24.11
2018-09-30 292.62 157.70 24.11
2018-06-30 235.46 108.77 27.81
2018-03-31 235.46 108.77 27.81
2017-12-31 357.73 99.12 112.85
2017-09-30 357.73 99.12 112.85
2017-06-30 432.08 95.80 107.86
2017-03-31 432.08 95.80 107.86
2016-12-31 482.97 92.64 202.13
2016-09-30 482.97 92.64 202.13
2016-06-30 563.49 89.53 309.08
2016-03-31 563.49 89.53 309.08
2015-12-31 308.39 1.52 116.76
2015-09-30 308.39 1.52 116.76
2015-06-30 340.38 99.87 336.53
2015-03-31 340.38 99.87 336.53
2014-12-31 -24.98 225.15 55.14
2014-09-30 -24.98 225.15 55.14
2014-06-30 -21.83 89.05 141.47
2014-03-31 -21.83 89.05 141.47
2013-12-31 -15.77 240.03 135.31
2013-09-30 -15.77 240.03 135.31
2013-06-30 50.83 85.85 137.72
2013-03-31 50.83 85.85 137.72
2012-12-31 80.21 206.40 159.32
2012-09-30 80.21 206.40 159.32
2012-06-30 1,409.37 80.30 136.62
  • Asia Investment Finance Group's level of debt (53.9%) compared to net worth is high (greater than 40%).
  • Asia Investment Finance Group had negative shareholder equity 5 years ago, it is now positive therefore their debt level has improved.
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.

  • Asia Investment Finance Group has less than a year of cash runway based on current free cash flow.
  • Asia Investment Finance Group has less than a year of cash runway if free cash flow continues to reduce at historical rates of -44.8% each year.
X
Financial health checks
We assess Asia Investment Finance Group'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. Asia Investment Finance Group has a total score of 3/6, 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.

33 Dividends

 What is Asia Investment Finance Group'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 Asia Investment Finance Group dividends.
If you bought HK$2,000 of Asia Investment Finance Group 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 Asia Investment Finance Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Asia Investment Finance Group'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:33 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 Retail Distributors Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 4.9%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 965 Stocks 3.4%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.1%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 1.9%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.3%

Industry and Market average data is calculated daily.

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

SEHK:33 Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts
SEHK:33 Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2012-08-31 0.000 0.000
2012-03-29 0.000 0.000
2011-09-02 0.000 0.000
2011-08-30 0.000 0.000
2011-03-30 0.070 5.274
2010-08-13 0.060 2.806
2010-04-22 0.090 2.858
2009-08-14 0.000 0.000
2009-04-20 0.000 0.000

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

  • Unable to perform a dividend volatility check as Asia Investment Finance Group has not reported any payouts.
  • Unable to verify if Asia Investment Finance Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Asia Investment Finance Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Asia Investment Finance Group 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 Asia Investment Finance Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 Asia Investment Finance Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Asia Investment Finance Group 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.

33 Management

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

Average tenure and age of the Asia Investment Finance Group management team in years:

3.6
Average Tenure
51
Average Age
  • The tenure for the Asia Investment Finance Group management team is about average.
Management Team

Freada Cheung

TITLE
Chairperson
COMPENSATION
HK$7M
AGE
61

Hu Liu

TITLE
Executive Director
COMPENSATION
HK$952K
AGE
51

Cheng Feng-Shih

TITLE
President
AGE
76
TENURE
6.9 yrs

Chris Wu

TITLE
COO & Finance Director
AGE
45
TENURE
7.6 yrs

Yu Sun

TITLE
Executive Director
AGE
49

Hong Mei Zhao

TITLE
Executive Director
AGE
52
TENURE
0.3 yrs

Czarina Tsang

TITLE
Company Secretary
AGE
34
TENURE
0.1 yrs
Board of Directors Tenure

Average tenure and age of the Asia Investment Finance Group board of directors in years:

0.4
Average Tenure
52
Average Age
  • The average tenure for the Asia Investment Finance Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Freada Cheung

TITLE
Chairperson
COMPENSATION
HK$7M
AGE
61

Hu Liu

TITLE
Executive Director
COMPENSATION
HK$952K
AGE
51
TENURE
1.4 yrs

Yu Sun

TITLE
Executive Director
AGE
49
TENURE
0.3 yrs

Hong Mei Zhao

TITLE
Executive Director
AGE
52
TENURE
0.3 yrs

Anthony Espina

TITLE
Independent Non-Executive Director
COMPENSATION
HK$381K
AGE
69
TENURE
11.8 yrs

Jun Sheng Wang

TITLE
Independent Non-Executive Director
AGE
57
TENURE
0.5 yrs

Dayong Wang

TITLE
Non-Executive Director
AGE
51
TENURE
0.7 yrs

Xin Jin

TITLE
Independent Non-executive Director
AGE
61
TENURE
0.3 yrs

Xin Li

TITLE
Non-Executive Director
AGE
30
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
X
Management checks
We assess Asia Investment Finance Group'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. Asia Investment Finance Group 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.

33 News

Simply Wall St News

How Financially Strong Is Asia Investment Finance Group Limited (HKG:33)?

Asia Investment Finance Group Limited (HKG:33) is a small-cap stock with a market capitalization of HK$756m. … 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 -

What Kind Of Shareholders Own Asia Investment Finance Group Limited (HKG:33)?

Every investor in Asia Investment Finance Group Limited (HKG:33) should be aware of the most powerful shareholder groups. … Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … Asia Investment Finance Group is not a large company by global standards.

Simply Wall St -

Asia Investment Finance Group Limited (HKG:33): Time For A Financial Health Check

Investors are always looking for growth in small-cap stocks like Asia Investment Finance Group Limited (HKG:33), with a market cap of HK$755.50m. … However, an important fact which most ignore is: how financially healthy is the business?

Simply Wall St -

Asia Investment Finance Group Limited (HKG:33): What Does It Mean For Your Portfolio?

See our latest analysis for Asia Investment Finance Group An interpretation of 33's beta With a five-year beta of 0.03, Asia Investment Finance Group appears to be a less volatile company compared to the rest of the market. … 33’s beta indicates it is a stock that investors may find valuable if they want to reduce the overall market risk exposure of their stock portfolio. … I examine 33’s ratio of fixed assets to total assets to see whether the company is highly exposed to the risk of this type of constraint.

Simply Wall St -

With A -24.63% Earnings Drop, Is Asia Investment Finance Group Limited's (HKG:33) A Concern?

Analyzing Asia Investment Finance Group Limited's (SEHK:33) track record of past performance is a valuable exercise for investors. … SEHK:33 Income Statement Apr 5th 18 We can further assess Asia Investment Finance Group's loss by looking at what the industry has been experiencing over the past few years. … Though Asia Investment Finance Group's past data is helpful, it is only one aspect of my investment thesis.

Simply Wall St -

Asia Investment Finance Group Limited (HKG:33): Time For A Financial Health Check

How does 33’s operating cash flow stack up against its debt? … With this increase in debt, 33 currently has HK$202.13M remaining in cash and short-term investments , ready to deploy into the business. … Risk around debt is very low for 33, and the company also has the ability and headroom to increase debt if needed going forward.Next Steps: 33’s cash flow coverage indicates it could improve its operating efficiency in order to meet demand for debt repayments should unforeseen events arise.

Simply Wall St -

What You Must Know About Asia Investment Finance Group Limited's (HKG:33) Major Investors

I am going to take a deep dive into Asia Investment Finance Group Limited’s (SEHK:33) most recent ownership structure, not a frequent subject of discussion among individual investors. … View our latest analysis for Asia Investment Finance Group SEHK:33 Ownership_summary Mar 9th 18 Institutional Ownership Institutional investors transact in large blocks which can influence the momentum of stock prices, at least in the short-term, especially when there is a low level of public shares available on the market to trade. … Insider ownership has to do more with how the company is managed and less to do with the direct impact of the magnitude of shares trading on the market.

Simply Wall St -

What Are The Drivers Of Asia Investment Finance Group Limited's (HKG:33) Risks?

Check out our latest analysis for Asia Investment Finance Group An interpretation of 33's beta Asia Investment Finance Group's beta of 0.32 indicates that the stock value will be less variable compared to the whole stock market. … 33's beta implies it may be a stock that investors with high-beta portfolios might find relevant if they wanted to reduce their exposure to market risk, especially during times of downturns. … How 33's assets could affect its beta An asset-heavy company tends to have a higher beta because the risk associated with running fixed assets during a downturn is highly expensive.

Simply Wall St -

With A -30% Earnings Drop Lately, Did Asia Investment Finance Group Limited (HKG:33) Underperform Its Industry?

Measuring Asia Investment Finance Group Limited's (SEHK:33) track record of past performance is an insightful exercise for investors. … For Asia Investment Finance Group, its most recent earnings is -HK$121.1M, which compared to the prior year's level, has become more negative. … Asia Investment Finance Group's track record can be a valuable insight into its earnings performance, but it certainly doesn't tell the whole story.

Simply Wall St -

Are Asia Investment Finance Group Limited's (HKG:33) Interest Costs Too High?

With this growth in debt, 33 currently has HK$202.1M remaining in cash and short-term investments for investing into the business. … With current liabilities at HK$142.1M liabilities, the company has been able to meet these commitments with a current assets level of HK$555.9M, leading to a 3.91x current account ratio. … Though, the company will be able to pay all of its upcoming liabilities from its current short-term assets.

Simply Wall St -

33 Company Info

Description

Asia Investment Finance Group Limited, an investment holding company, primarily engages in the trading of party products, and metals and minerals in the People’s Republic of China. It is also involved in securities brokerage and asset management, securities advisory, money lending, credit service, and credit guarantee and investment activities, as well as provision of supply chain management service. The company was formerly known as Harmonic Strait Financial Holdings Limited and changed its name to Asia Investment Finance Group Limited in July 2016. Asia Investment Finance Group Limited was founded in 1996 and is headquartered in Central, Hong Kong.

Details
Name: Asia Investment Finance Group Limited
33
Exchange: SEHK
Founded: 1996
HK$606,266,180
9,327,172,000
Website: http://www.aifgroup.com
Address: Asia Investment Finance Group Limited
Bank of America Tower,
Unit 3201,
Central,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 33 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 19. Nov 2007
SEHK 33 HKD0.1 The Stock Exchange of Hong Kong Ltd. HK HKD 19. Apr 2019
Number of employees
Current staff
Staff numbers
55
Asia Investment Finance Group employees.
Industry
Distributors
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 12:45
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2018/03/28
Last earnings filing: 2019/03/31
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.