SEHK:8126

Stock Analysis Report

Executive Summary

G.A. Holdings Limited, an investment holding company, engages in the sale of motor vehicles and provision of car-related technical services in Singapore, Hong Kong, and the People’s Republic of China.


Snowflake Analysis

Proven track record and fair value.

Share Price & News

How has G.A. Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 8126 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-3.6%

8126

0.7%

HK Retail Distributors

-0.6%

HK Market


1 Year Return

-11.1%

8126

-7.7%

HK Retail Distributors

-7.6%

HK Market

Return vs Industry: 8126 underperformed the Hong Kong Retail Distributors industry which returned -7.7% over the past year.

Return vs Market: 8126 underperformed the Hong Kong Market which returned -7.6% over the past year.


Shareholder returns

8126IndustryMarket
7 Day-3.6%0.7%-0.6%
30 Day-1.2%-0.2%-1.4%
90 Day-2.4%1.8%2.0%
1 Year-11.1%-11.1%-4.7%-7.7%-4.2%-7.6%
3 Year-24.5%-24.5%-25.3%-30.5%12.9%1.5%
5 Year8.1%8.1%-19.6%-29.0%13.1%-5.6%

Price Volatility Vs. Market

How volatile is G.A. Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is G.A. Holdings undervalued compared to its fair value and its price relative to the market?

5.9x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 8126 (HK$0.4) is trading above our estimate of fair value (HK$0.37)

Significantly Below Fair Value: 8126 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 8126 is good value based on its PE Ratio (5.9x) compared to the Retail Distributors industry average (11.2x).

PE vs Market: 8126 is good value based on its PE Ratio (5.9x) compared to the Hong Kong market (10.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 8126's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 8126 is good value based on its PB Ratio (0.3x) compared to the HK Retail Distributors industry average (0.7x).


Next Steps

Future Growth

How is G.A. Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

8.8%

Forecasted Retail industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as G.A. Holdings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has G.A. Holdings performed over the past 5 years?

-25.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 8126 has high quality earnings.

Growing Profit Margin: 8126's current net profit margins (1.4%) are higher than last year (1.1%).


Past Earnings Growth Analysis

Earnings Trend: 8126's earnings have declined by -25.2% per year over the past 5 years.

Accelerating Growth: 8126's earnings growth over the past year (39.2%) exceeds its 5-year average (-25.2% per year).

Earnings vs Industry: 8126 earnings growth over the past year (39.2%) exceeded the Retail Distributors industry -13.3%.


Return on Equity

High ROE: 8126's Return on Equity (5.3%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is G.A. Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 8126's short term assets (HK$1.0B) exceed its short term liabilities (HK$781.6M).

Long Term Liabilities: 8126's short term assets (HK$1.0B) exceed its long term liabilities (HK$118.2M).


Debt to Equity History and Analysis

Debt Level: 8126's debt to equity ratio (73.6%) is considered high.

Reducing Debt: 8126's debt to equity ratio has increased from 18.8% to 73.6% over the past 5 years.

Debt Coverage: 8126's debt is not well covered by operating cash flow (11.9%).

Interest Coverage: 8126's interest payments on its debt are not well covered by EBIT (2.4x coverage).


Balance Sheet

Inventory Level: 8126 has a high level of physical assets or inventory.

Debt Coverage by Assets: 8126's debt is covered by short term assets (assets are 2.3x debt).


Next Steps

Dividend

What is G.A. Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%2.3%markettop25%6.3%industryaverage3.9%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate 8126's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 8126's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 8126's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 8126's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 8126 is not paying a notable dividend for the Hong Kong market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 8126's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.3yrs

Average management tenure


CEO

Choong Yew Choy (65yo)

7.8yrs

Tenure

HK$1,734,000

Compensation

Mr. Choong Yew Choy has been Managing Director, Compliance Officer and Executive Director of GA Holdings Ltd. since May 16, 2012. Mr. Choy serves as the General Manager of Fuzhou BMW Automobiles Service Co ...


CEO Compensation Analysis

Compensation vs Market: Choong Yew's total compensation ($USD222.66K) is about average for companies of similar size in the Hong Kong market ($USD226.13K).

Compensation vs Earnings: Choong Yew's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Wan Ju Luo
Chairman of the Board3.6yrsHK$595.00k1.68% HK$3.2m
Choong Yew Choy
MD, Compliance Officer & Executive Director7.8yrsHK$1.73mno data
Hang Kon Ma
CFO, Company Secretary & Executive Director4.3yrsHK$2.12m0.10% HK$200.0k
Xi Zhang
Executive Director4.4yrsHK$289.00k0.10% HK$200.0k
Guo Qiang Xue
Executive Director3.6yrsHK$227.00k3.12% HK$5.9m

4.3yrs

Average Tenure

56yo

Average Age

Experienced Management: 8126's management team is considered experienced (4.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Wan Ju Luo
Chairman of the Board3.6yrsHK$595.00k1.68% HK$3.2m
Choong Yew Choy
MD, Compliance Officer & Executive Director7.8yrsHK$1.73mno data
Hang Kon Ma
CFO, Company Secretary & Executive Director4.3yrsHK$2.12m0.10% HK$200.0k
Xi Zhang
Executive Director4.4yrsHK$289.00k0.10% HK$200.0k
Guo Qiang Xue
Executive Director3.6yrsHK$227.00k3.12% HK$5.9m
Kin Pheng Yuen
Independent Non-Executive Director2.9yrsHK$313.00kno data
Ju Zheng Lin
Non-Executive Director9.7yrsHK$213.00kno data
Ming Zhou
Independent Non Executive Director4.3yrsHK$204.00kno data
Guan Xin
Independent Non-Executive Director3.6yrsHK$142.00kno data

4.3yrs

Average Tenure

56yo

Average Age

Experienced Board: 8126's board of directors are considered experienced (4.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

G.A. Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: G.A. Holdings Limited
  • Ticker: 8126
  • Exchange: SEHK
  • Founded: 1993
  • Industry: Distributors
  • Sector: Retail
  • Market Cap: HK$190.520m
  • Shares outstanding: 476.30m
  • Website: https://www.ga-holdings.com.hk

Number of Employees


Location

  • G.A. Holdings Limited
  • No. 15-05, 51 Goldhill Plaza
  • Singapore
  • 308900
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
8126SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJun 2002

Biography

G.A. Holdings Limited, an investment holding company, engages in the sale of motor vehicles and provision of car-related technical services in Singapore, Hong Kong, and the People’s Republic of China. It operates through two segments, Motor Vehicles Sales and Services Business, and Car Rental Business. The company distributes a range of luxury and ultra-luxury motor vehicles of various brands, such as BMW, Mini, Ferrari, and Maserati. It is also involved in the wholesale and retail of original auto parts and accessories of BMW, Mini Cooper, Ferrari, and Maserati, as well as operates as an authorized distributor of AC Schnitzer. In addition, the company operates authorized service centers that offers repair and maintenance services for high-end automobiles; and operates as a licensee of the Hertz car rental services. Further, the company engages in the automobile dealership and motor vehicles exhibition business. G.A. Holdings Limited was founded in 1993 and is headquartered in Singapore. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/23 12:52
End of Day Share Price2020/02/21 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.