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Yuexiu Transport Infrastructure

SEHK:1052
Snowflake Description

6 star dividend payer and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1052
SEHK
HK$10B
Market Cap
  1. Home
  2. HK
  3. Transportation
Company 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. The last earnings update was 55 days ago. More info.


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1052 Share Price and Events
7 Day Returns
-1.4%
SEHK:1052
-0.4%
HK Infrastructure
0.5%
HK Market
1 Year Returns
2.5%
SEHK:1052
-12.9%
HK Infrastructure
-15.9%
HK Market
1052 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Yuexiu Transport Infrastructure (1052) -1.4% -2.8% -3.3% 2.5% 23% 46.4%
HK Infrastructure -0.4% -2.7% -7.7% -12.9% -4.9% -6.9%
HK Market 0.5% -2.7% -9.9% -15.9% 20.6% 3%
1 Year Return vs Industry and Market
  • 1052 outperformed the Infrastructure industry which returned -12.9% over the past year.
  • 1052 outperformed the Market in Hong Kong which returned -15.9% over the past year.
Price Volatility
1052
Industry
5yr Volatility vs Market

Value

 Is Yuexiu Transport Infrastructure 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 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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Yuexiu Transport Infrastructure.

SEHK:1052 Discounted Cash Flow Data Sources
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 10.5%
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:1052
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 0.87
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.872 (1 + (1- 25%) (83.62%))
1.281
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.28
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.281 * 6.65%)
10.52%

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.

SEHK:1052 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 10.52%)
2019 1,820.00 Analyst x1 1,646.72
2020 1,876.00 Analyst x1 1,535.79
2021 1,961.00 Analyst x1 1,452.53
2022 2,039.00 Analyst x1 1,366.52
2023 2,121.00 Analyst x1 1,286.14
2024 2,192.31 Est @ 3.36% 1,202.82
2025 2,257.09 Est @ 2.95% 1,120.46
2026 2,317.33 Est @ 2.67% 1,040.84
2027 2,374.55 Est @ 2.47% 965.00
2028 2,429.86 Est @ 2.33% 893.47
Present value of next 10 years cash flows CN¥12,510.29
SEHK:1052 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CN¥2,429.86 × (1 + 2%) ÷ (10.52% – 2%)
CN¥29,092.72
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥29,092.72 ÷ (1 + 10.52%)10
CN¥10,697.45
SEHK:1052 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥12,510.29 + CN¥10,697.45
CN¥23,207.74
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥23,207.74 / 1,673.16
CN¥13.87
SEHK:1052 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:1052)
1.13
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥13.87 x 1.13
HK$15.68
Value per share (HKD) From above. HK$15.68
Current discount Discount to share price of HK$6.15
= -1 x (HK$6.15 - HK$15.68) / HK$15.68
60.8%

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

Current Discount
Amount off the current price Yuexiu Transport Infrastructure is available for.
Intrinsic value
>50%
Share price is HK$6.15 vs Future cash flow value of HK$15.68
Current Discount Checks
For Yuexiu Transport Infrastructure to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • 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?
Raw Data
SEHK:1052 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥0.63
SEHK:1052 Share Price ** SEHK (2019-06-14) in HKD HK$6.15
SEHK:1052 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.885 CN¥5.44
Hong Kong Infrastructure Industry PE Ratio Median Figure of 24 Publicly-Listed Infrastructure Companies 8.78x
Hong Kong Market PE Ratio Median Figure of 1,487 Publicly-Listed Companies 10.68x

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

** Primary Listing of Yuexiu Transport Infrastructure.

SEHK:1052 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1052 Share Price ÷ EPS (both in CNY)

= 5.44 ÷ 0.63

8.64x

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?
Raw Data
SEHK:1052 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.64x
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 0.91x
Hong Kong Market PEG Ratio Median Figure of 466 Publicly-Listed Companies 0.76x

*Line of best fit is calculated by linear regression .

SEHK:1052 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.64x ÷ 6.6%

1.31x

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?
Raw Data
SEHK:1052 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥6.02
SEHK:1052 Share Price * SEHK (2019-06-14) in HKD HK$6.15
SEHK:1052 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.885 CN¥5.44
Hong Kong Infrastructure Industry PB Ratio Median Figure of 28 Publicly-Listed Infrastructure Companies 0.79x
Hong Kong Market PB Ratio Median Figure of 2,169 Publicly-Listed Companies 0.93x
SEHK:1052 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1052 Share Price ÷ Book Value per Share (both in CNY)

= 5.44 ÷ 6.02

0.9x

* 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.
X
Value checks
We assess Yuexiu Transport Infrastructure'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 Infrastructure 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 Infrastructure industry average (and greater than 0)? (1 check)
  5. 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

 How is Yuexiu Transport Infrastructure expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

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
6.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Yuexiu Transport Infrastructure expected to grow at an attractive rate?
  • 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 positive but not above 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
Raw Data
SEHK:1052 Future Growth Rates Data Sources
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 4.3%
Hong Kong Infrastructure Industry Earnings Growth Rate Market Cap Weighted Average 5%
Hong Kong Infrastructure Industry Revenue Growth Rate Market Cap Weighted Average 4.5%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.2%
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
Raw Data
SEHK:1052 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:1052 Future Estimates Data
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 3,291 2
2020-12-31 3,144 1,530 1,204 2
2019-12-31 2,992 1,494 1,136 2
SEHK:1052 Past Financials Data
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.

Super high growth metrics
High Growth Checks
  • Yuexiu Transport Infrastructure's earnings are expected to grow by 6.6% yearly, however this is not considered high growth (20% yearly).
  • Yuexiu Transport Infrastructure's revenue is expected to grow by 4.3% yearly, however this is not considered high growth (20% yearly).
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:1052 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 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 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1052 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.73 0.77 0.70 2.00
2020-12-31 0.69 0.72 0.66 2.00
2019-12-31 0.66 0.68 0.63 2.00
SEHK:1052 Past Financials Data
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%).
X
Future performance checks
We assess Yuexiu Transport Infrastructure's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Yuexiu Transport Infrastructure has a total score of 1/6, 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
Below we compare Yuexiu Transport Infrastructure's growth in the last year to its industry (Infrastructure).
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.
  • 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
Yuexiu Transport Infrastructure'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 Yuexiu Transport Infrastructure Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1052 Past Revenue, Cash Flow and Net Income Data
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
2012-06-30 1,661.27 546.77 176.63

*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).
X
Past performance checks
We assess Yuexiu Transport Infrastructure'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 Infrastructure 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.
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.
Net Worth
  • 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
This treemap shows a more detailed breakdown of Yuexiu Transport Infrastructure'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 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.
Raw Data

All data from Yuexiu Transport Infrastructure Company Filings, last reported 5 months ago.

SEHK:1052 Past Debt and Equity Data
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
2012-06-30 10,088.64 6,834.75 1,186.76
  • 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).
X
Financial health checks
We assess Yuexiu Transport Infrastructure'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. Yuexiu Transport Infrastructure 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.

Dividends

 What is Yuexiu Transport Infrastructure'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
6.2%
Current annual income from Yuexiu Transport Infrastructure dividends. Estimated to be 6.77% next year.
If you bought HK$2,000 of Yuexiu Transport Infrastructure shares you are expected to receive HK$124 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?
  • 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 (5.95%).
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:1052 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 2 Analyst Estimates (S&P Global) See Below
Hong Kong Infrastructure Industry Average Dividend Yield Market Cap Weighted Average of 22 Stocks 5.3%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 966 Stocks 3.7%
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 6%

Industry and Market average data is calculated daily.

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

SEHK:1052 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.39 2.00
2020-12-31 0.37 2.00
2019-12-31 0.35 2.00
SEHK:1052 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-04-23 0.337 6.146
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

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Yuexiu Transport Infrastructure's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.9x coverage).
X
Income/ dividend checks
We assess Yuexiu Transport Infrastructure's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Yuexiu Transport Infrastructure afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Yuexiu Transport Infrastructure has a total score of 6/6, see the detailed checks below.


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

Management

 What is the CEO of Yuexiu Transport Infrastructure'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.
  • Yuexiu Transport Infrastructure has no CEO, or we have no data on them.
Management Team

Chunxiu Zhu

TITLE
Chairman
COMPENSATION
CN¥2M
AGE
56

Baiqing He

TITLE
Deputy Chairman & General Manager
COMPENSATION
CN¥3M
AGE
53

Feng Li

TITLE
Executive Director
COMPENSATION
CN¥1M
AGE
49

Jing Chen

TITLE
Executive Director
COMPENSATION
CN¥1M
AGE
46

Tat Fung Yu

TITLE
Company Secretary
TENURE
15.4 yrs
Board of Directors Tenure

Average tenure and age of the Yuexiu Transport Infrastructure board of directors in years:

5.3
Average Tenure
56
Average Age
  • The tenure for the Yuexiu Transport Infrastructure board of directors is about average.
Board of Directors

Chunxiu Zhu

TITLE
Chairman
COMPENSATION
CN¥2M
AGE
56
TENURE
5.3 yrs

Baiqing He

TITLE
Deputy Chairman & General Manager
COMPENSATION
CN¥3M
AGE
53
TENURE
4.9 yrs

Feng Li

TITLE
Executive Director
COMPENSATION
CN¥1M
AGE
49
TENURE
1.2 yrs

Jing Chen

TITLE
Executive Director
COMPENSATION
CN¥1M
AGE
46
TENURE
1.2 yrs

Ambrose Lau

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥245K
AGE
71
TENURE
22.6 yrs

K.B. Fung Fung

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥180K
AGE
72
TENURE
22.6 yrs

Doi Cheung

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥180K
AGE
56
TENURE
21.9 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$) Value (HK$)
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
X
Management checks
We assess Yuexiu Transport Infrastructure'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. 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 -

Yuexiu 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 -

Yuexiu 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 -

Yuexiu 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 -

How 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 -

Here'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 -

Should 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 -

Why 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 -

Did 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 -

What 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 -

Company 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$10,289,948,114
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
Staff numbers
1,491
Yuexiu Transport Infrastructure employees.
Industry
Highways and Railtracks
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/17 12:39
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/04/12
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.