China All Access (Holdings)
China All Access (Holdings) Limited, an investment holding company, provides communication application solutions and services in the People’s Republic of China. The last earnings update was 20 days ago. More info.
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- China All Access (Holdings) has significant price volatility in the past 3 months.
633 Share Price and Events
7 Day Returns
1 Year Returns
633 Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| China All Access (Holdings) (633) | -6% | -21% | -20.2% | -77.3% | -84.1% | -88.2% |
| HK Communications | -6.6% | -14.4% | -12.8% | -29.8% | 18.8% | -3% |
| HK Market | -2.5% | -8.6% | -2.1% | -15.9% | 25.4% | 7.8% |
1 Year Return vs Industry and Market
- 633 underperformed the Communications industry which returned -29.8% over the past year.
- 633 underperformed the Market in Hong Kong which returned -15.9% over the past year.
633 Value
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
China All Access (Holdings)
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for China All Access (Holdings).
| 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 | 15.3% |
| 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.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year HK Govt Bond Rate | 2% |
| Equity Risk Premium | S&P Global | 6.7% |
| Communications Unlevered Beta | Simply Wall St/ S&P Global | 1.07 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.071 (1 + (1- 25%) (234.7%)) |
2.31 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
2 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (2 * 6.65%) |
15.3% |
Discounted Cash Flow Calculation for SEHK:633 using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for China All Access (Holdings) 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.
| Levered FCF (CNY, Millions) | Source |
Present Value Discounted (@ 15.3%) |
|
|---|---|---|---|
| 2019 | 109.53 | Est @ -63.57% | 94.99 |
| 2020 | 61.45 | Est @ -43.9% | 46.22 |
| 2021 | 42.94 | Est @ -30.13% | 28.01 |
| 2022 | 34.14 | Est @ -20.49% | 19.32 |
| 2023 | 29.45 | Est @ -13.74% | 14.45 |
| 2024 | 26.79 | Est @ -9.02% | 11.40 |
| 2025 | 25.26 | Est @ -5.71% | 9.32 |
| 2026 | 24.41 | Est @ -3.4% | 7.81 |
| 2027 | 23.97 | Est @ -1.78% | 6.65 |
| 2028 | 23.82 | Est @ -0.64% | 5.73 |
| Present value of next 10 years cash flows | CN¥243.92 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= CN¥23.82 × (1 + 2%) ÷ (15.3% – 2%) |
CN¥182.67 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= CN¥182.67 ÷ (1 + 15.3%)10 |
CN¥43.98 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= CN¥243.92 + CN¥43.98 |
CN¥287.90 |
| Equity Value per Share (CNY) |
= Total value / Shares Outstanding
= CN¥287.90 / 1,913.01 |
CN¥0.15 |
| Calculation | Result | |
|---|---|---|
| Exchange Rate | CNY/HKD
(Reporting currency to currency of SEHK:633) |
1.135 |
| Value per Share (HKD) |
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥0.15 x 1.135 |
HK$0.17 |
| Value per share (HKD) | From above. | HK$0.17 |
| Current discount | Discount to share price of
HK$0.40
= -1 x (HK$0.40 - HK$0.17) / HK$0.17 |
-131.3% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of China All Access (Holdings) is above its future cash flow value.
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 China All Access (Holdings)'s earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
China All Access (Holdings)'s earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in CNY | CN¥-0.15 |
| SEHK:633 Share Price ** | SEHK (2019-05-17) in HKD | HK$0.4 |
| SEHK:633 Share Price converted to CNY reporting currency | Exchange rate (HKD/ CNY) 0.881 | CN¥0.35 |
| Hong Kong Communications Industry PE Ratio | Median Figure of 14 Publicly-Listed Communications Companies | 11.47x |
| Hong Kong Market PE Ratio | Median Figure of 1,476 Publicly-Listed Companies | 11.17x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of China All Access (Holdings).
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = SEHK:633 Share Price ÷ EPS (both in CNY) = 0.35 ÷ -0.15 |
-2.28x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- China All Access (Holdings) is loss making, we can't compare its value to the HK Communications industry average.
- China All Access (Holdings) is loss making, we can't compare the value of its earnings to the Hong Kong market.
Price based on expected Growth
Does
China All Access (Holdings)'s expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | -2.28x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts |
39.4%per year |
| Asia Communications Industry PEG Ratio | Median Figure of 9 Publicly-Listed Communications Companies | 0.83x |
| Hong Kong Market PEG Ratio | Median Figure of 463 Publicly-Listed Companies | 0.79x |
*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 China All Access (Holdings), we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
China All Access (Holdings)'s
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in CNY | CN¥1.67 |
| SEHK:633 Share Price * | SEHK (2019-05-17) in HKD | HK$0.4 |
| SEHK:633 Share Price converted to CNY reporting currency | Exchange rate (HKD/ CNY) 0.881 | CN¥0.35 |
| Hong Kong Communications Industry PB Ratio | Median Figure of 25 Publicly-Listed Communications Companies | 1.11x |
| Hong Kong Market PB Ratio | Median Figure of 2,155 Publicly-Listed Companies | 0.97x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = SEHK:633 Share Price ÷ Book Value per Share (both in CNY) = 0.35 ÷ 1.67 |
0.21x |
* Primary Listing of China All Access (Holdings).
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- China All Access (Holdings) is good value based on assets compared to the HK Communications industry average.
Value checks
We assess China All Access (Holdings)'s value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Communications industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Communications industry average (and greater than 0)? (1 check) China All Access (Holdings) 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.
633 Future Performance
- No analysts cover China All Access (Holdings), 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!
Earnings growth vs Low Risk Savings
- China All Access (Holdings)'s earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
- China All Access (Holdings)'s earnings growth is expected to exceed the Hong Kong market average.
- Unable to compare China All Access (Holdings)'s revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| SEHK:633 Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts | 39.4% |
| Hong Kong Communications Industry Earnings Growth Rate | Market Cap Weighted Average | 7.1% |
| Hong Kong Communications Industry Revenue Growth Rate | Market Cap Weighted Average | 8.7% |
| Hong Kong Market Earnings Growth Rate | Market Cap Weighted Average | 11.4% |
| Hong Kong Market Revenue Growth Rate | Market Cap Weighted Average | 10.7% |
*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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (4 months ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| Date (Data in CNY Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|
| Date (Data in CNY Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 1,703 | 381 | -297 |
| 2018-06-30 | 2,228 | 1,247 | 226 |
| 2018-03-31 | 2,458 | 1,087 | 228 |
| 2017-12-31 | 2,516 | 928 | 124 |
| 2017-09-30 | 3,206 | 229 | |
| 2017-06-30 | 3,723 | 679 | 229 |
| 2017-03-31 | 3,397 | 435 | 152 |
| 2016-12-31 | 3,072 | 191 | 75 |
| 2016-06-30 | 2,155 | -814 | 117 |
| 2016-03-31 | 2,499 | -718 | 156 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (4 months ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
All data from China All Access (Holdings) Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in CNY Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|
| Date (Data in CNY Millions) | EPS * |
|---|---|
| 2018-12-31 | -0.15 |
| 2018-06-30 | 0.11 |
| 2018-03-31 | 0.12 |
| 2017-12-31 | 0.06 |
| 2017-09-30 | 0.12 |
| 2017-06-30 | 0.12 |
| 2017-03-31 | 0.08 |
| 2016-12-31 | 0.04 |
| 2016-06-30 | 0.06 |
| 2016-03-31 | 0.09 |
*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 China All Access (Holdings) will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess China All Access (Holdings)'s future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
China All Access (Holdings) has a total score of 3/6, 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.
633 Past Performance
How has China All Access (Holdings) 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
Past Earnings growth analysis
- China All Access (Holdings) does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
- Unable to compare China All Access (Holdings)'s 1-year earnings growth to the 5-year average as it is not currently profitable.
- Unable to compare China All Access (Holdings)'s 1-year growth to the HK Communications industry average as it is not currently profitable.
Earnings and Revenue History
All data from China All Access (Holdings) Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in CNY Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 1,702.67 | -296.69 | 252.90 | 9.42 |
| 2018-06-30 | 2,227.79 | 226.24 | 240.16 | 17.75 |
| 2018-03-31 | 2,458.09 | 227.51 | 230.89 | 15.43 |
| 2017-12-31 | 2,516.50 | 124.35 | 206.02 | 9.26 |
| 2017-09-30 | 3,205.65 | 228.77 | 248.36 | 23.40 |
| 2017-06-30 | 3,722.90 | 228.75 | 275.10 | 33.69 |
| 2017-03-31 | 3,397.38 | 152.08 | 290.86 | 33.36 |
| 2016-12-31 | 3,071.87 | 75.41 | 306.62 | 33.04 |
| 2016-06-30 | 2,155.19 | 117.13 | 249.16 | 11.20 |
| 2016-03-31 | 2,498.79 | 155.88 | 235.54 | 14.42 |
| 2015-12-31 | 2,842.39 | 194.62 | 221.92 | 17.63 |
| 2015-06-30 | 383.05 | -74.50 | 215.05 | -4.07 |
| 2015-03-31 | 1,436.10 | 9.62 | 243.57 | 9.25 |
| 2014-12-31 | 2,489.15 | 93.74 | 272.09 | 22.56 |
| 2014-09-30 | 6,446.02 | 224.18 | 331.13 | 70.86 |
| 2014-06-30 | 5,853.60 | 240.65 | 292.16 | 78.70 |
| 2014-03-31 | 5,273.62 | 231.72 | 289.97 | 79.53 |
| 2013-12-31 | 4,693.64 | 222.80 | 287.78 | 80.37 |
| 2013-09-30 | 3,671.77 | 234.09 | 229.07 | 60.64 |
| 2013-06-30 | 2,649.90 | 245.38 | 170.37 | 40.91 |
| 2013-03-31 | 1,628.42 | 207.83 | 111.43 | 20.95 |
| 2012-12-31 | 606.93 | 170.29 | 52.50 | 1.00 |
| 2012-09-30 | 587.49 | 174.90 | 49.47 | 0.70 |
| 2012-06-30 | 568.05 | 179.52 | 46.44 | 0.41 |
*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 China All Access (Holdings) has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
- It is difficult to establish if China All Access (Holdings) has efficiently used its assets last year compared to the HK Communications industry average (Return on Assets) as it is loss-making.
- It is difficult to establish if China All Access (Holdings) improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
Past performance checks
We assess China All Access (Holdings)'s performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Communications industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
China All Access (Holdings) 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.
633 Health
How is China All Access (Holdings)'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 China All Access (Holdings)'s finances.
The net worth of a company is the difference between its assets and liabilities.
- China All Access (Holdings) is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- China All Access (Holdings)'s cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Debt is covered by short term assets, assets are 2.8x 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.
All data from China All Access (Holdings) Company Filings, last reported 4 months ago.
| Date (Data in CNY Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 3,145.33 | 1,562.89 | 76.13 |
| 2018-06-30 | 3,948.03 | 1,531.87 | 2,331.89 |
| 2018-03-31 | 3,948.03 | 1,531.87 | 2,331.89 |
| 2017-12-31 | 3,990.52 | 2,041.70 | 2,160.41 |
| 2017-09-30 | 3,990.52 | 2,041.70 | 2,160.41 |
| 2017-06-30 | 3,893.57 | 2,366.22 | 1,989.65 |
| 2017-03-31 | 3,893.57 | 2,366.22 | 1,989.65 |
| 2016-12-31 | 3,875.44 | 2,811.08 | 1,784.01 |
| 2016-06-30 | 3,189.71 | 2,150.93 | 1,669.09 |
| 2016-03-31 | 3,189.71 | 2,150.93 | 1,669.09 |
| 2015-12-31 | 3,517.95 | 2,954.91 | 1,368.07 |
| 2015-06-30 | 3,754.38 | 2,448.82 | 2,319.24 |
| 2015-03-31 | 3,754.38 | 2,448.82 | 2,319.24 |
| 2014-12-31 | 3,225.54 | 2,739.22 | 1,324.78 |
| 2014-09-30 | 3,225.54 | 2,739.22 | 1,324.78 |
| 2014-06-30 | 2,873.66 | 2,676.71 | 1,179.34 |
| 2014-03-31 | 2,873.66 | 2,676.71 | 1,179.34 |
| 2013-12-31 | 2,619.79 | 1,936.51 | 1,271.15 |
| 2013-09-30 | 2,619.79 | 1,936.51 | 1,271.15 |
| 2013-06-30 | 2,516.46 | 1,180.33 | 1,006.68 |
| 2013-03-31 | 2,516.46 | 1,180.33 | 1,006.68 |
| 2012-12-31 | 2,206.55 | 907.90 | 975.42 |
| 2012-09-30 | 2,206.55 | 907.90 | 975.42 |
| 2012-06-30 | 1,344.78 | 13.22 | 951.88 |
- China All Access (Holdings)'s level of debt (49.7%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (74.2% vs 49.7% today).
- Debt is well covered by operating cash flow (24.4%, greater than 20% of total debt).
- Unable to confirm if the interest payments on China All Access (Holdings)'s debt are well covered by earnings due to lack of past financial data.
Financial health checks
We assess China All Access (Holdings)'s financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) China All Access (Holdings) has a total score of 4/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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.
633 Dividends
What is China All Access (Holdings)'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
If you bought
HK$2,000 of
China All Access (Holdings)
shares you are expected to receive
HK$0
in your first year as a dividend.
Dividend Amount
- Unable to evaluate China All Access (Holdings)'s dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
- Unable to evaluate China All Access (Holdings)'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.
| 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 Communications Industry Average Dividend Yield | Market Cap Weighted Average of 10 Stocks | 4% |
| Hong Kong Market Average Dividend Yield | Market Cap Weighted Average of 968 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 | 5.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in CN¥) | Dividend per Share (annual) | Avg. No. Analysts |
|---|
| Date (Data in CN¥) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-04-29 | 0.000 | 0.000 |
| 2019-03-29 | 0.000 | 0.000 |
| 2018-03-29 | 0.040 | 8.864 |
| 2017-04-27 | 0.020 | 1.107 |
| 2017-03-31 | 0.022 | 1.100 |
| 2016-09-22 | 0.000 | 0.000 |
| 2016-08-31 | 0.000 | 0.000 |
| 2016-03-30 | 0.067 | 3.218 |
| 2015-04-23 | 0.064 | 3.003 |
| 2015-03-31 | 0.064 | 2.853 |
| 2014-04-24 | 0.063 | 2.676 |
| 2014-03-31 | 0.064 | 2.362 |
| 2013-04-23 | 0.056 | 2.538 |
| 2013-04-02 | 0.057 | 2.906 |
| 2012-03-28 | 0.056 | 4.333 |
| 2011-08-24 | 0.057 | 4.229 |
| 2011-03-31 | 0.049 | 2.756 |
| 2010-09-06 | 0.017 | 0.923 |
| 2010-08-30 | 0.017 | 1.214 |
| 2010-03-31 | 0.009 | 0.610 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to perform a dividend volatility check as China All Access (Holdings) has not reported any payouts.
- Unable to verify if China All Access (Holdings)'s dividend has been increasing as the company has not reported any payouts.
Income/ dividend checks
We assess China All Access (Holdings)'s dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can China All Access (Holdings) afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) China All Access (Holdings) 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.
633 Management
CEO
| COMPENSATION | CN¥4,345,000 |
| AGE | 56 |
CEO Bio
Mr. Kwok Keung Shao, FCPA, is the Chief Executive Officer of China All Access (Holdings) Limited. Mr. Shao serves as Company Secretary and Qualified Accountant of International Capital Network Holdings Ltd. Mr. Shao served as Group Financial Controller of IDT International Ltd. since June 2004. At IDT International, he was responsible statutory reporting, management accounting, compliance with accounting standards and listing requirements, treasury, taxation and finance and accounting functions of head office as well as overseas operating subsidiaries. Mr. Shao has 20 years of accounting and financial management experience in multi-national companies and Hong Kong listed companies. He served as Chief Operating Officer and Chief Financial Officer of Asia Wireless Pacific Limited. He has been an Executive Director of China All Access (Holdings) Limited since December 4, 2007. Mr. Shao graduated with honors diploma from Hong Kong Baptist College in 1984 and a master degree in business administration from Warwick University, U. K., in 1994. He is a fellow of the Chartered Association of Certified Accountants and a Member of the Hong Kong Institute of Certified Public Accountants.
CEO Compensation
- Kwok's compensation has been consistent with company performance over the past year.
- Kwok's remuneration is higher than average for companies of similar size in Hong Kong.
Management Team Tenure
Average tenure and age of the China All Access (Holdings) management team in years:
- The average tenure for the China All Access (Holdings) management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Yuen Chan
Founder & Executive Chairman
CN¥3M
62
13.3 yrs
Kwok Shao
CEO & Executive Director
CN¥4M
56
Ping Yu
Head of Satellite Communication Technology Business Department
45
12.8 yrs
Hai Jun Zhao
Head of Research and Development Department
47
10.6 yrs
Yong Wang
Executive Vice President
49
0.9 yrs
Munkin Wong
Deputy Chief Executive Officer
3.8 yrs
Board of Directors Tenure
Average tenure and age of the China All Access (Holdings) board of directors in years:
- The tenure for the China All Access (Holdings) board of directors is about average.
Board of Directors
Yuen Chan
Founder & Executive Chairman
CN¥3M
62
Kwok Shao
CEO & Executive Director
CN¥4M
56
11.4 yrs
Tiejun Bao
Vice-Chairman
60
0.3 yrs
Eddy Wong
Independent Non-Executive Director
CN¥260K
58
9.8 yrs
Patrick Lam
Independent Non-Executive Director
CN¥260K
60
9.8 yrs
Ka Fung
Independent Non-Executive Director
CN¥260K
47
3.1 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (HK$) | Value (HK$) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 06. Jun 18 | Sell | Industrial Bank Co., Ltd., Asset Management Arm | Company | 29. May 18 | 29. May 18 | -142,539,601 | HK$0.72 | HK$-102,543,316 | ||
| 06. Jun 18 | Sell | Industrial Bank Co., Ltd., Asset Management Arm | Company | 24. May 18 | 24. May 18 | -17,900,000 | HK$0.91 | HK$-16,276,426 | ||
| 29. May 18 | Sell | Freeman FinTech Corporation Limited | Company | 25. May 18 | 25. May 18 | -142,539,601 | HK$0.72 | HK$-102,485,482 | ||
| 24. May 18 | Sell | Yuen Chan | Individual | 21. May 18 | 21. May 18 | -1,140,000 | HK$0.72 | HK$-823,539 | ||
| 23. May 18 | Sell | Freeman FinTech Corporation Limited | Company | 21. May 18 | 21. May 18 | -17,900,000 | HK$0.91 | HK$-16,271,073 | ||
Management checks
We assess China All Access (Holdings)'s management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) China All Access (Holdings) 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.
633 News
Simply Wall St News
Do Insiders Own Lots Of Shares In China All Access (Holdings) Limited (HKG:633)?
The big shareholder groups in China All Access (Holdings) Limited (HKG:633) have power over the company. … See our latest analysis for China All Access (Holdings) SEHK:633 Ownership Summary, May 13th 2019 What Does The Institutional Ownership Tell Us About China All Access (Holdings)? … General Public Ownership The general public -- mostly retail investors -- own 51% of China All Access (Holdings).
Simply Wall St - – Full articleDoes China All Access (Holdings) Limited's (HKG:633) CEO Salary Reflect Performance?
First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Kwok Shao's Compensation Compare With Similar Sized Companies. … According to our data, China All Access (Holdings) Limited has a market capitalization of HK$957m, and pays its CEO total annual compensation worth CN¥4.3m.
Simply Wall St - – Full articleThose Who Purchased China All Access (Holdings) (HKG:633) Shares Five Years Ago Have A 85% Loss To Show For It
Like a ship taking on water, the share price has sunk 85% in that time. … 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. … That would generally be considered a positive, so we are surprised to see the share price is down.
Simply Wall St - – Full articleWhy You Should Care About China All Access (Holdings) Limited’s (HKG:633) Low Return On Capital
In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Return On Capital Employed (ROCE): What is it? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.
Simply Wall St - – Full articleDoes China All Access (Holdings) Limited (HKG:633) Have A High Beta?
Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Before we go on, it's worth noting that Warren Buffett pointed out in his 2014 letter to shareholders that 'volatility is far from synonymous with risk.' Having said that, beta can still be rather useful. … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.
Simply Wall St - – Full articleIs China All Access (Holdings) Limited's (HKG:633) Balance Sheet Strong Enough To Weather A Storm?
While small-cap stocks, such as China All Access (Holdings) Limited (HKG:633) with its market cap of HK$650m, 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 - – Full articleCould China All Access (Holdings) Limited's (HKG:633) Investor Composition Influence The Stock Price?
Generally speaking, as a company grows, institutions will increase their ownership. … China All Access (Holdings) is a smaller company with a market capitalization of HK$612m, so it may still be flying under the radar of many institutional investors. … Check out our latest analysis for China All Access (Holdings)
Simply Wall St - – Full articleChina All Access (Holdings) Limited (HKG:633) Insiders Have Been Selling
So shareholders might well want to know whether insiders have been buying or selling shares in China All Access (Holdings) Limited (HKG:633). … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … China All Access (Holdings) Insider Transactions Over The Last Year.
Simply Wall St - – Full articleOne Thing To Remember About The China All Access (Holdings) Limited (HKG:633) Share Price
If you're interested in China All Access (Holdings) Limited (HKG:633), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … The first thing to understand about beta is that the beta of the overall market is one.
Simply Wall St - – Full articleHas China All Access (Holdings) Limited's (HKG:633) Earnings Momentum Changed Recently?
Today I will examine China All Access (Holdings) Limited's (HKG:633) latest earnings update (31 December 2017) and compare these figures against its performance over the past couple of years, in addition to how the rest of 633's industry performed. … Check out our latest analysis for China All Access (Holdings)? … 633's trailing twelve-month earnings (from 31 December 2017) of CN¥228.78m has
Simply Wall St - – Full article633 Company Info
Description
China All Access (Holdings) Limited, an investment holding company, provides communication application solutions and services in the People’s Republic of China. Its services include system design, installation, testing, and software development; application services for satellite and wireless communication; and distribution of satellite receivers and equipment. The company is also involved in the research and development, manufacture, and distribution of wireless terminals and equipment, including display modules, casings, and keyboards. Its information communication solutions comprise command center solutions, such as All Access platform, a multi-media audio and video command and control system; emergency communication solutions for government and public security departments; and mobile office solutions to access the cloud data base to transmit, review, and control operations. The company’s information communication solutions also include broadband machine-to-machine (M2M) systems that allow to control household appliances and to monitor the interior of home, office, etc. from remote locations; M2M wireless data communication for telemetering, remote control, and remote adjustment in the field of public utilities, such as social public security, municipal comprehensive management, and others; and call center solutions, including the maintenance of system devices, as well as their operation, development/maintenance/upgrade of application software and personnel training. It also engages in the research and development, installation, and application of device for photovoltaic plants; manufacture of handset screens and shells; and provision of communication equipment, and supply chain management and cargo agency services. The company was incorporated in 2007 and is based in Tsim Sha Tsui, Hong Kong. China All Access (Holdings) Limited is a subsidiary of Creative Sector Limited.
Details
| Name: | China All Access (Holdings) Limited |
| 633 | |
| Exchange: | SEHK |
| Founded: | 2007 |
| HK$755,639,430 | |
| 1,913,011,216 | |
| Website: | http://www.chinaallaccess.com |
| Address: |
China All Access (Holdings) Limited Greenfield Tower, Room 1506-08, 15th Floor, Tsim Sha Tsui, Kowloon, Hong Kong |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| SEHK | 633 | Ordinary Shares | The Stock Exchange of Hong Kong Ltd. | HK | HKD | 16. Sep 2009 | |
| DB | C5K | Ordinary Shares | Deutsche Boerse AG | DE | EUR | 16. Sep 2009 | |
| BST | C5K | Ordinary Shares | Boerse-Stuttgart | DE | EUR | 16. Sep 2009 |
Number of employees
Current staff
Industry
| Communications Equipment | |
| Tech |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/05/19 13:00 |
| End of day share price update: | 2019/05/17 00:00 |
| Last estimates confirmation: | 2018/03/29 |
| Last earnings filing: | 2019/04/29 |
| 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.
