Yuexiu Transport Infrastructure
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Yuexiu Transport Infrastructure Limited, together with its subsidiaries, invests in, develops, operates, and manages toll expressways and bridges in the People’s Republic of China. The last earnings update was 85 days ago. More info.
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1052 Share Price and Events
7 Day Returns
1 Year Returns
1052 Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Yuexiu Transport Infrastructure (1052) | 1.4% | 5.1% | -0.9% | 8.1% | 24.4% | 30.2% |
| HK Infrastructure | 0.2% | 2.6% | -6.7% | 0.4% | -6.4% | -6.5% |
| HK Market | 1.5% | 3.9% | -8.2% | -4.7% | 18.3% | 3.4% |
1 Year Return vs Industry and Market
- 1052 outperformed the Infrastructure industry which returned 0.4% over the past year.
- 1052 outperformed the Market in Hong Kong which returned -4.7% over the past year.
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
Yuexiu Transport Infrastructure
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 Yuexiu Transport Infrastructure.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 2 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 10.2% |
| 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% |
| Infrastructure Unlevered Beta | Simply Wall St/ S&P Global | 0.84 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.84 (1 + (1- 25%) (81.97%)) |
1.239 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.24 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.239 * 6.65%) |
10.24% |
Discounted Cash Flow Calculation for SEHK:1052 using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Yuexiu Transport Infrastructure 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 (@ 10.24%) |
|
|---|---|---|---|
| 2020 | 1,876.00 | Analyst x1 | 1,701.75 |
| 2021 | 1,961.00 | Analyst x1 | 1,613.62 |
| 2022 | 2,039.00 | Analyst x1 | 1,521.96 |
| 2023 | 2,121.00 | Analyst x1 | 1,436.11 |
| 2024 | 2,192.31 | Est @ 3.36% | 1,346.52 |
| 2025 | 2,257.09 | Est @ 2.95% | 1,257.54 |
| 2026 | 2,317.33 | Est @ 2.67% | 1,171.18 |
| 2027 | 2,374.55 | Est @ 2.47% | 1,088.62 |
| 2028 | 2,429.86 | Est @ 2.33% | 1,010.51 |
| 2029 | 2,484.08 | Est @ 2.23% | 937.10 |
| Present value of next 10 years cash flows | CN¥13,084.91 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2029
× (1 + g) ÷ (Discount Rate – g)
= CN¥2,484.08 × (1 + 2%) ÷ (10.24% – 2%) |
CN¥30,762.90 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= CN¥30,762.90 ÷ (1 + 10.24%)10 |
CN¥11,605.07 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= CN¥13,084.91 + CN¥11,605.07 |
CN¥24,689.99 |
| Equity Value per Share (CNY) |
= Total value / Shares Outstanding
= CN¥24,689.99 / 1,673.16 |
CN¥14.76 |
| Calculation | Result | |
|---|---|---|
| Exchange Rate | CNY/HKD
(Reporting currency to currency of SEHK:1052) |
1.137 |
| Value per Share (HKD) |
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥14.76 x 1.137 |
HK$16.77 |
| Value per share (HKD) | From above. | HK$16.77 |
| Current discount | Discount to share price of
HK$6.42
= -1 x (HK$6.42 - HK$16.77) / HK$16.77 |
61.7% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Yuexiu Transport Infrastructure's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Yuexiu Transport Infrastructure's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Yuexiu Transport Infrastructure's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Yuexiu Transport Infrastructure'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¥0.63 |
| SEHK:1052 Share Price ** | SEHK (2019-07-17) in HKD | HK$6.42 |
| SEHK:1052 Share Price converted to CNY reporting currency | Exchange rate (HKD/ CNY) 0.88 | CN¥5.65 |
| Hong Kong Infrastructure Industry PE Ratio | Median Figure of 26 Publicly-Listed Infrastructure Companies | 9.26x |
| Hong Kong Market PE Ratio | Median Figure of 1,510 Publicly-Listed Companies | 10.75x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Yuexiu Transport Infrastructure.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = SEHK:1052 Share Price ÷ EPS (both in CNY) = 5.65 ÷ 0.63 |
8.96x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Yuexiu Transport Infrastructure is good value based on earnings compared to the HK Infrastructure industry average.
- Yuexiu Transport Infrastructure is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does
Yuexiu Transport Infrastructure's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 8.96x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts |
6.6%per year |
| Hong Kong Infrastructure Industry PEG Ratio | Median Figure of 13 Publicly-Listed Infrastructure Companies | 0.93x |
| Hong Kong Market PEG Ratio | Median Figure of 479 Publicly-Listed Companies | 0.8x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 8.96x ÷ 6.6% |
1.35x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Yuexiu Transport Infrastructure is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Yuexiu Transport Infrastructure's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in CNY | CN¥6.02 |
| SEHK:1052 Share Price * | SEHK (2019-07-17) in HKD | HK$6.42 |
| SEHK:1052 Share Price converted to CNY reporting currency | Exchange rate (HKD/ CNY) 0.88 | CN¥5.65 |
| Hong Kong Infrastructure Industry PB Ratio | Median Figure of 29 Publicly-Listed Infrastructure Companies | 0.89x |
| Hong Kong Market PB Ratio | Median Figure of 2,197 Publicly-Listed Companies | 0.92x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = SEHK:1052 Share Price ÷ Book Value per Share (both in CNY) = 5.65 ÷ 6.02 |
0.94x |
* Primary Listing of Yuexiu Transport Infrastructure.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Yuexiu Transport Infrastructure is overvalued based on assets compared to the HK Infrastructure industry average.
Value checks
We assess Yuexiu Transport Infrastructure'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 Infrastructure 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 Infrastructure industry average (and greater than 0)? (1 check) Yuexiu Transport Infrastructure has a total score of 4/6, 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.
Future Performance
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
- Yuexiu Transport Infrastructure's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
- Yuexiu Transport Infrastructure's earnings growth is expected to exceed the Hong Kong market average.
- Yuexiu Transport Infrastructure's revenue growth is positive but not above the Hong Kong market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| SEHK:1052 Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts | 6.6% |
| SEHK:1052 Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts | 4.1% |
| Hong Kong Infrastructure Industry Earnings Growth Rate | Market Cap Weighted Average | 5.1% |
| Hong Kong Infrastructure Industry Revenue Growth Rate | Market Cap Weighted Average | 4.4% |
| Hong Kong Market Earnings Growth Rate | Market Cap Weighted Average | -7.3% |
| Hong Kong Market Revenue Growth Rate | Market Cap Weighted Average | 10.3% |
*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 (6 months ago) | See Below |
| Future Estimates | Average of up to 2 Analyst Estimates (S&P Global) | See Below |
| Date (Data in CNY Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 3,614 | 1 | ||
| 2022-12-31 | 3,459 | 1 | ||
| 2021-12-31 | 3,359 | 2 | ||
| 2020-12-31 | 3,208 | 1,530 | 1,204 | 2 |
| 2019-12-31 | 3,053 | 1,494 | 1,136 | 2 |
| Date (Data in CNY Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 2,974 | 2,097 | 1,054 |
| 2018-09-30 | 2,983 | 2,105 | 1,042 |
| 2018-06-30 | 2,992 | 2,113 | 1,030 |
| 2018-03-31 | 2,899 | 2,028 | 989 |
| 2017-12-31 | 2,806 | 1,943 | 948 |
| 2017-09-30 | 2,658 | 1,804 | 949 |
| 2017-06-30 | 2,510 | 1,666 | 949 |
| 2017-03-31 | 2,541 | 1,694 | 934 |
| 2016-12-31 | 2,571 | 1,722 | 919 |
| 2016-09-30 | 2,675 | 1,743 | 740 |
| 2016-06-30 | 2,778 | 1,763 | 561 |
| 2016-03-31 | 2,614 | 1,602 | 546 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (6 months ago) | See Below |
| Future Estimates | Average of up to 2 Analyst Estimates (S&P Global) | See Below |
All data from Yuexiu Transport Infrastructure Company Filings, last reported 6 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 |
|---|---|---|---|---|
| 2023-12-31 | ||||
| 2022-12-31 | ||||
| 2021-12-31 | 0.75 | 0.79 | 0.70 | 2.00 |
| 2020-12-31 | 0.71 | 0.74 | 0.67 | 2.00 |
| 2019-12-31 | 0.67 | 0.70 | 0.64 | 2.00 |
| Date (Data in CNY Millions) | EPS * |
|---|---|
| 2018-12-31 | 0.63 |
| 2018-09-30 | 0.62 |
| 2018-06-30 | 0.62 |
| 2018-03-31 | 0.59 |
| 2017-12-31 | 0.57 |
| 2017-09-30 | 0.57 |
| 2017-06-30 | 0.57 |
| 2017-03-31 | 0.56 |
| 2016-12-31 | 0.55 |
| 2016-09-30 | 0.44 |
| 2016-06-30 | 0.34 |
| 2016-03-31 | 0.33 |
*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.
- Yuexiu Transport Infrastructure is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
Future performance checks
We assess Yuexiu Transport Infrastructure'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)
Yuexiu Transport Infrastructure has a total score of 2/6, 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.
Past Performance
How has Yuexiu Transport Infrastructure 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
- Yuexiu Transport Infrastructure's year on year earnings growth rate has been positive over the past 5 years.
- Yuexiu Transport Infrastructure's 1-year earnings growth is less than its 5-year average (11.2% vs 15.3%)
- Yuexiu Transport Infrastructure's earnings growth has exceeded the HK Infrastructure industry average in the past year (11.2% vs 7.3%).
Earnings and Revenue History
All data from Yuexiu Transport Infrastructure Company Filings, last reported 6 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 | 2,974.28 | 1,054.14 | 225.11 | |
| 2018-09-30 | 2,983.03 | 1,042.22 | 216.02 | |
| 2018-06-30 | 2,991.79 | 1,030.30 | 206.92 | |
| 2018-03-31 | 2,898.73 | 989.12 | 201.56 | |
| 2017-12-31 | 2,805.68 | 947.94 | 196.19 | |
| 2017-09-30 | 2,657.92 | 948.61 | 199.09 | |
| 2017-06-30 | 2,510.17 | 949.27 | 201.99 | |
| 2017-03-31 | 2,540.59 | 934.04 | 204.11 | |
| 2016-12-31 | 2,571.02 | 918.82 | 206.24 | |
| 2016-09-30 | 2,674.72 | 739.79 | 204.06 | |
| 2016-06-30 | 2,778.42 | 560.77 | 201.89 | |
| 2016-03-31 | 2,613.82 | 546.43 | 200.85 | |
| 2015-12-31 | 2,449.22 | 532.09 | 199.82 | |
| 2015-09-30 | 2,203.36 | 585.94 | 200.33 | |
| 2015-06-30 | 1,957.50 | 639.78 | 200.85 | |
| 2015-03-31 | 1,925.01 | 624.58 | 202.41 | |
| 2014-12-31 | 1,892.52 | 609.37 | 203.98 | |
| 2014-09-30 | 1,888.71 | 599.47 | 205.33 | |
| 2014-06-30 | 1,884.90 | 589.57 | 206.69 | |
| 2014-03-31 | 1,872.55 | 571.99 | 204.83 | |
| 2013-12-31 | 1,860.20 | 554.42 | 202.97 | |
| 2013-09-30 | 1,775.45 | 496.84 | 203.68 | |
| 2013-06-30 | 1,690.70 | 439.27 | 204.38 | |
| 2013-03-31 | 1,620.34 | 433.09 | 199.84 | |
| 2012-12-31 | 1,549.98 | 426.92 | 195.29 | |
| 2012-09-30 | 1,605.62 | 486.84 | 185.96 |
*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.
- Yuexiu Transport Infrastructure has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Yuexiu Transport Infrastructure used its assets more efficiently than the HK Infrastructure industry average last year based on Return on Assets.
- Yuexiu Transport Infrastructure has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Yuexiu Transport Infrastructure'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 Infrastructure 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)
Yuexiu Transport Infrastructure has a total score of 4/6, 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.
Health
How is Yuexiu Transport Infrastructure'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 Yuexiu Transport Infrastructure's finances.
The net worth of a company is the difference between its assets and liabilities.
- Yuexiu Transport Infrastructure is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Yuexiu Transport Infrastructure's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Debt is not covered by short term assets, assets are 0.3x 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 Yuexiu Transport Infrastructure Company Filings, last reported 6 months ago.
| Date (Data in CNY Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 12,407.58 | 7,613.06 | 2,393.22 |
| 2018-09-30 | 12,407.58 | 7,613.06 | 2,393.22 |
| 2018-06-30 | 11,983.50 | 8,697.94 | 2,778.93 |
| 2018-03-31 | 11,983.50 | 8,697.94 | 2,778.93 |
| 2017-12-31 | 11,817.40 | 9,496.45 | 2,958.82 |
| 2017-09-30 | 11,817.40 | 9,496.45 | 2,958.82 |
| 2017-06-30 | 11,415.55 | 8,420.90 | 1,130.32 |
| 2017-03-31 | 11,415.55 | 8,420.90 | 1,130.32 |
| 2016-12-31 | 11,304.30 | 8,578.93 | 1,045.92 |
| 2016-09-30 | 11,304.30 | 8,578.93 | 1,045.92 |
| 2016-06-30 | 10,961.84 | 9,256.41 | 1,083.40 |
| 2016-03-31 | 10,961.84 | 9,256.41 | 1,083.40 |
| 2015-12-31 | 10,829.09 | 9,353.14 | 876.67 |
| 2015-09-30 | 10,829.09 | 9,353.14 | 876.67 |
| 2015-06-30 | 10,433.77 | 5,828.82 | 2,164.96 |
| 2015-03-31 | 10,433.77 | 5,828.82 | 2,164.96 |
| 2014-12-31 | 10,444.57 | 5,104.47 | 1,150.91 |
| 2014-09-30 | 10,444.57 | 5,104.47 | 1,150.91 |
| 2014-06-30 | 10,279.62 | 5,472.51 | 1,162.89 |
| 2014-03-31 | 10,279.62 | 5,472.51 | 1,162.89 |
| 2013-12-31 | 10,278.33 | 5,886.14 | 1,626.68 |
| 2013-09-30 | 10,278.33 | 5,886.14 | 1,626.68 |
| 2013-06-30 | 10,269.61 | 6,377.83 | 1,125.93 |
| 2013-03-31 | 10,269.61 | 6,377.83 | 1,125.93 |
| 2012-12-31 | 10,084.36 | 6,502.05 | 1,057.12 |
| 2012-09-30 | 10,084.36 | 6,502.05 | 1,057.12 |
- Yuexiu Transport Infrastructure's level of debt (61.4%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (57.2% vs 61.4% today).
- Debt is well covered by operating cash flow (27.5%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 6x coverage).
Financial health checks
We assess Yuexiu Transport Infrastructure'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) Yuexiu Transport Infrastructure has a total score of 3/6, 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.
Dividends
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
Yuexiu Transport Infrastructure
shares you are expected to receive
HK$120
in your first year as a dividend.
Dividend Amount
- Yuexiu Transport Infrastructure's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.08%).
- Yuexiu Transport Infrastructure's dividend is above the markets top 25% of dividend payers in Hong Kong (5.75%).
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 2 Analyst Estimates (S&P Global) | See Below |
| Hong Kong Infrastructure Industry Average Dividend Yield | Market Cap Weighted Average of 22 Stocks | 5.2% |
| Hong Kong Market Average Dividend Yield | Market Cap Weighted Average of 978 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 |
|---|---|---|
| 2023-12-31 | ||
| 2022-12-31 | ||
| 2021-12-31 | 0.40 | 2.00 |
| 2020-12-31 | 0.38 | 2.00 |
| 2019-12-31 | 0.36 | 2.00 |
| Date (Data in CN¥) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-04-23 | 0.337 | 6.116 |
| 2019-02-18 | 0.337 | 6.238 |
| 2018-08-09 | 0.316 | 6.006 |
| 2018-03-26 | 0.297 | 6.036 |
| 2018-02-12 | 0.297 | 6.171 |
| 2017-03-06 | 0.288 | 5.863 |
| 2017-02-13 | 0.288 | 6.025 |
| 2016-03-07 | 0.230 | 5.133 |
| 2016-02-22 | 0.230 | 5.727 |
| 2015-04-20 | 0.222 | 5.316 |
| 2015-03-17 | 0.222 | 5.432 |
| 2014-04-23 | 0.206 | 5.441 |
| 2014-03-19 | 0.206 | 6.525 |
| 2013-04-29 | 0.163 | 5.185 |
| 2013-03-18 | 0.163 | 5.032 |
| 2012-03-21 | 0.192 | 6.444 |
| 2011-03-16 | 0.178 | 6.143 |
| 2010-09-06 | 0.185 | 5.182 |
| 2010-03-16 | 0.139 | 3.965 |
| 2009-08-25 | 0.105 | 3.927 |
| 2009-04-14 | 0.141 | 5.512 |
| 2009-03-18 | 0.141 | 6.767 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
Yuexiu Transport Infrastructure's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are covered by earnings (1.9x coverage).
- Dividends after 3 years are expected to be covered by earnings (1.9x coverage).
Income/ dividend checks
We assess Yuexiu Transport Infrastructure'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 Yuexiu Transport Infrastructure afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Yuexiu Transport Infrastructure has a total score of 5/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
- Yuexiu Transport Infrastructure has no CEO, or we have no data on them.
Management Team
Chunxiu Zhu
Chairman
CN¥2M
57
Baiqing He
Deputy Chairman & General Manager
CN¥3M
54
Feng Li
Executive Director
CN¥1M
50
Jing Chen
Executive Director
CN¥1M
47
Tat Fung Yu
Company Secretary
15.5 yrs
Board of Directors Tenure
Average tenure and age of the Yuexiu Transport Infrastructure board of directors in years:
- The tenure for the Yuexiu Transport Infrastructure board of directors is about average.
Board of Directors
Chunxiu Zhu
Chairman
CN¥2M
57
5.3 yrs
Baiqing He
Deputy Chairman & General Manager
CN¥3M
54
5 yrs
Feng Li
Executive Director
CN¥1M
50
1.3 yrs
Jing Chen
Executive Director
CN¥1M
47
1.3 yrs
Ambrose Lau
Independent Non-Executive Director
CN¥245K
72
22.7 yrs
K.B. Fung Fung
Independent Non-Executive Director
CN¥180K
73
22.7 yrs
Doi Cheung
Independent Non-Executive Director
CN¥180K
57
22 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (HK$) | Value (HK$) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 04. Jun 19 | Sell | J.P. Morgan Asset Management, Inc. | Company | 31. May 19 | 31. May 19 | -534,000 | HK$6.09 | HK$-3,254,463 | ||
| 26. Mar 19 | Buy | J.P. Morgan Asset Management, Inc. | Company | 21. Mar 19 | 21. Mar 19 | 178,000 | HK$6.35 | HK$1,130,033 | ||
| 27. Feb 19 | Sell | J.P. Morgan Asset Management, Inc. | Company | 22. Feb 19 | 22. Feb 19 | -599,784 | HK$6.17 | HK$-3,699,526 | ||
| 07. Dec 18 | Buy | J.P. Morgan Asset Management, Inc. | Company | 04. Dec 18 | 04. Dec 18 | 386,000 | HK$6.01 | HK$2,321,443 | ||
| 27. Nov 18 | Sell | J.P. Morgan Asset Management, Inc. | Company | 22. Nov 18 | 22. Nov 18 | -224,000 | HK$5.94 | HK$-1,330,134 | ||
| 12. Oct 18 | Sell | J.P. Morgan Asset Management, Inc. | Company | 04. Oct 18 | 04. Oct 18 | -9,718,820 | HK$6.22 | HK$-60,489,953 | ||
| 03. Oct 18 | Sell | J.P. Morgan Asset Management, Inc. | Company | 28. Sep 18 | 28. Sep 18 | -1,816,437 | HK$6.19 | HK$-11,244,650 | ||
| 27. Sep 18 | Sell | J.P. Morgan Asset Management, Inc. | Company | 24. Sep 18 | 24. Sep 18 | -1,344,349 | HK$6.03 | HK$-8,107,499 | ||
| 14. Sep 18 | Sell | JPMorgan Chase & Co, Private Banking and Investment Banking Investments | Company | 11. Sep 18 | 11. Sep 18 | -3,198,171 | HK$5.99 | HK$-19,152,247 | ||
| 13. Sep 18 | Buy | J.P. Morgan Asset Management, Inc. | Company | 10. Sep 18 | 10. Sep 18 | 7,604,000 | HK$6.06 | HK$46,046,020 | ||
| 28. Aug 18 | Sell | J.P. Morgan Asset Management, Inc. | Company | 23. Aug 18 | 23. Aug 18 | -728,000 | HK$6.19 | HK$-4,506,394 | ||
| 27. Aug 18 | Buy | J.P. Morgan Asset Management, Inc. | Company | 22. Aug 18 | 22. Aug 18 | 1,030,000 | HK$6.05 | HK$6,227,893 | ||
| 23. Aug 18 | Buy | J.P. Morgan Asset Management, Inc. | Company | 20. Aug 18 | 20. Aug 18 | 8,698,708 | HK$5.95 | HK$51,757,282 | ||
| 17. Aug 18 | Sell | J.P. Morgan Asset Management, Inc. | Company | 14. Aug 18 | 14. Aug 18 | -12,132,633 | HK$5.93 | HK$-71,930,720 | ||
| 15. Aug 18 | Buy | J.P. Morgan Asset Management, Inc. | Company | 10. Aug 18 | 10. Aug 18 | 11,893,761 | HK$5.92 | HK$70,414,649 | ||
Management checks
We assess Yuexiu Transport Infrastructure'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) Yuexiu Transport Infrastructure 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.
News
Simply Wall St News
Why We Think Yuexiu Transport Infrastructure Limited (HKG:1052) Could Be Worth Looking At
In the case of Yuexiu Transport Infrastructure Limited (HKG:1052), there's is a notable dividend-paying company with a a strong track record of performance, trading at a discount. … 6 star dividend payer and good value 1052 has a strong track record of performance. … SEHK:1052 Historical Dividend Yield, June 17th 2019 Next Steps: For Yuexiu Transport Infrastructure, I've put together three fundamental aspects you should look at: Future Outlook: What are well-informed industry analysts predicting for 1052’s future growth?
Simply Wall St - – Full articleYuexiu Transport Infrastructure Limited (HKG:1052) Has A ROE Of 11%
See our latest analysis for Yuexiu Transport Infrastructure How Do You Calculate Return On Equity? … The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Yuexiu Transport Infrastructure: 11% = CN¥1.1b ÷ CN¥12b (Based on the trailing twelve months to December 2018.) Most know that net profit is the total earnings after all expenses, but the concept of shareholders' equity is a little more complicated. … Yuexiu Transport Infrastructure's Debt And Its 11% ROE While Yuexiu Transport Infrastructure does have some debt, with debt to equity of just 0.61, we wouldn't say debt is excessive.
Simply Wall St - – Full articleYuexiu Transport Infrastructure (HKG:1052) Shareholders Have Enjoyed A 43% Share Price Gain
For example, long term Yuexiu Transport Infrastructure Limited (HKG:1052) shareholders have enjoyed a 43% share price rise over the last half decade, well in excess of the market return of around 6.7% (not including dividends). … Over half a decade, Yuexiu Transport Infrastructure managed to grow its earnings per share at 14% a year. … A Different Perspective It's nice to see that Yuexiu Transport Infrastructure shareholders have received a total shareholder return of 9.9% over the last year.
Simply Wall St - – Full articleYuexiu Transport Infrastructure Limited (HKG:1052): Has Recent Earnings Growth Beaten Long-Term Trend?
In this commentary, I will examine Yuexiu Transport Infrastructure Limited's (HKG:1052) latest earnings update (31 December 2018) and compare these figures against its performance over the past couple of years, as well as how the rest of the infrastructure industry performed. … However, its return on assets (ROA) of 6.0% exceeds the HK Infrastructure industry of 5.5%, indicating Yuexiu Transport Infrastructure has used its assets more efficiently. … I recommend you continue to research Yuexiu Transport Infrastructure to get a better picture of the stock by looking at: Future Outlook: What are well-informed industry analysts predicting for 1052’s future growth?
Simply Wall St - – Full articleHow Much Of Yuexiu Transport Infrastructure Limited (HKG:1052) Do Institutions Own?
The big shareholder groups in Yuexiu Transport Infrastructure Limited (HKG:1052) have power over the company. … Generally speaking, as a company grows, institutions will increase their ownership. … Yuexiu Transport Infrastructure has a market capitalization of HK$11b, so we would expect some institutional investors to have noticed the stock.
Simply Wall St - – Full articleHere's How P/E Ratios Can Help Us Understand Yuexiu Transport Infrastructure Limited (HKG:1052)
How Do I Calculate Yuexiu Transport Infrastructure's Price To Earnings Ratio … Price to Earnings Ratio = Price per Share (in the reporting currency) ÷ Earnings per Share (EPS) … P/E of 8.8 = CN¥5.54 (Note: this is the share price in the reporting currency, namely, CNY ) ÷ CN¥0.63
Simply Wall St - – Full articleShould You Care About Yuexiu Transport Infrastructure Limited’s (HKG:1052) Investment Potential?
Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … And finally, we'll look at how its current liabilities are impacting its ROCE. … What is Return On Capital Employed (ROCE)?
Simply Wall St - – Full articleWhy We’re Not Keen On Yuexiu Transport Infrastructure Limited’s (HKG:1052) 8.6% Return On Capital
To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Return On Capital Employed (ROCE): What is it? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.
Simply Wall St - – Full articleDid Yuexiu Transport Infrastructure Limited (HKG:1052) Use Debt To Deliver Its ROE Of 11%?
By way of learning-by-doing, we'll look at ROE to gain a better understanding Yuexiu Transport Infrastructure Limited (HKG:1052). … Yuexiu Transport Infrastructure has a ROE of 11%, based on the last twelve months. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleWhat You Must Know About Yuexiu Transport Infrastructure Limited's (HKG:1052) Major Investors
In this article, I'm going to take a look at Yuexiu Transport Infrastructure Limited’s (HKG:1052) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … The effect of an active institutional investor with a similar ownership as a passive pension-fund can be vastly different on a company's corporate governance and accountability to shareholders. … Therefore, it is beneficial for us to examine 1052's ownership structure in more detail.
Simply Wall St - – Full articleCompany Info
Description
Yuexiu Transport Infrastructure Limited, together with its subsidiaries, invests in, develops, operates, and manages toll expressways and bridges in the People’s Republic of China. As of December 31, 2018, the company had a total of 12 investments in operating expressways and bridge projects comprising Guangzhou Northern Second Ring Expressway, Guangzhou Western Second Ring Expressway, Guangzhou Northern Ring Road, Guangdong Humen Bridge, Shantou Bay Bridge, and Qinglian Expressway located in the Guangdong Province; Cangyu Expressway in Guangxi Zhuang Autonomous Region; Jinbao Expressway in Tianjin Municipality; Han-Xiao Expressway and Suiyuenan Expressway in Hubei Province; Changzhu Expressway in Hunan Province; and Weixiu Expressway in Henan Province with a total attributable toll length of approximately 358.4 kilometers. It also holds properties. The company was formerly known as GZI Transport Limited and changed its name to Yuexiu Transport Infrastructure Limited in May 2011. Yuexiu Transport Infrastructure Limited is headquartered in Wanchai, Hong Kong. Yuexiu Transport Infrastructure Limited is a subsidiary of Yue Xiu Enterprises (Holdings) Limited.
Details
| Name: | Yuexiu Transport Infrastructure Limited |
| 1052 | |
| Exchange: | SEHK |
| Founded: | |
| HK$10,557,654,081 | |
| 1,673,162,295 | |
| Website: | http://www.yuexiutransportinfrastructure.com |
| Address: |
Yuexiu Transport Infrastructure Limited 17A, Yue Xiu Building, 160 Lockhart Road, Wanchai, Hong Kong |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| SEHK | 1052 | Ordinary Shares | The Stock Exchange of Hong Kong Ltd. | HK | HKD | 30. Jan 1997 | |
| OTCPK | GZIT.F | Ordinary Shares | Pink Sheets LLC | US | USD | 30. Jan 1997 | |
| DB | GZ3 | Ordinary Shares | Deutsche Boerse AG | DE | EUR | 30. Jan 1997 | |
| SHSC | 1052 | Ordinary Shares | Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect | HK | HKD | 30. Jan 1997 | |
| SZSC | 1052 | Ordinary Shares | The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect | HK | HKD | 30. Jan 1997 |
Number of employees
Current staff
Industry
| Highways and Railtracks | |
| Transportation |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/07/17 12:41 |
| End of day share price update: | 2019/07/17 00:00 |
| Last estimates confirmation: | 2019/06/19 |
| Last earnings filing: | 2019/04/23 |
| 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.
