SEHK:1052

Stock Analysis Report

Yuexiu Transport Infrastructure

Executive Summary

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.

Snowflake

Fundamentals

Solid track record, good value and pays a dividend.

Share Price & News

How has Yuexiu Transport Infrastructure's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.3%

1052

2.5%

HK Infrastructure

2.2%

HK Market


1 Year Return

15.0%

1052

-1.7%

HK Infrastructure

-1.3%

HK Market

Return vs Industry: 1052 exceeded the Hong Kong Infrastructure industry which returned -1.7% over the past year.

Return vs Market: 1052 exceeded the Hong Kong Market which returned -1.3% over the past year.


Share holder returns

1052IndustryMarket
7 Day0.3%2.5%2.2%
30 Day4.3%-1.3%-2.9%
90 Day9.6%-6.3%-5.8%
1 Year22.7%15.0%4.2%-1.7%2.3%-1.3%
3 Year46.6%24.9%-2.8%-15.8%15.6%3.9%
5 Year89.0%44.4%10.5%-12.1%20.1%0.06%

Price Volatility Vs. Market

How volatile is Yuexiu Transport Infrastructure's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Yuexiu Transport Infrastructure undervalued based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Undervalued: 1052 (HK$6.83) is trading below our estimate of fair value (HK$17.64)

Significantly Undervalued: 1052 is trading below fair value by more than 20%.


Price Based on Earnings

PE vs Industry: 1052 is good value based on its PE Ratio (8.4x) compared to the Infrastructure industry average (8.4x).

PE vs Market: 1052 is good value based on its PE Ratio (8.4x) compared to the Hong Kong market (10.3x).


Price Based on Expected Growth

Low PEG Ratio: 1052 is poor value based on its PEG Ratio (3.2x)


Price Based on Value of Assets

PB vs Industry: 1052 is overvalued based on its PB Ratio (1x) compared to the HK Infrastructure industry average (0.8x).


Next Steps

Future Growth

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

2.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: 1052's forecast earnings growth (2.6% per year) is above the savings rate (2%).

Earnings vs Market: 1052's earnings (2.6% per year) are forecast to grow slower than the Hong Kong market (11.2% per year).

High Growth Earnings: 1052's earnings are forecast to grow, but not significantly.

Revenue vs Market: 1052's revenue (3.8% per year) is forecast to grow slower than the Hong Kong market (10.1% per year).

High Growth Revenue: 1052's revenue (3.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Estimates


Future Return on Equity

High Future ROE: 1052's Return on Equity is forecast to be low in 3 years time (11.2%).


Next Steps

Past Performance

How has Yuexiu Transport Infrastructure performed over the past 5 years?

16.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 1052's earnings have grown by 16.4% per year over the past 5 years.

Accelerating Growth: 1052's earnings growth over the past year (19.1%) exceeds its 5-year average (16.4% per year).

Earnings vs Industry: 1052 earnings growth over the past year (19.1%) exceeded the Infrastructure industry 1.1%.


Return on Equity

High ROE: 1052's Return on Equity (12.9%) is considered low.


Return on Assets

ROA vs Industry: 1052 has a higher Return on Assets than the Infrastructure industry average last year.


Return on Capital Employed

ROCE Improving: 1052 has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Yuexiu Transport Infrastructure's financial position?


Financial Position Analysis

Short Term Liabilities: 1052's short term assets (CN¥2.4B) exceeds its short term liabilities (CN¥749.3M)

Long Term Liabilities: 1052's short term assets (2.4B) do not cover its long term liabilities (8.7B)


Debt to Equity History and Analysis

Debt Level: 1052's debt to equity ratio (53.3%) is considered high

Reducing Debt: 1052's debt to equity ratio has increased from 53.2% to 53.3% over the past 5 years.

Debt Coverage: 1052's debt is well covered by operating cash flow (31.6%).

Interest Coverage: 1052's interest payments on its debt are well covered by EBIT (6.4x coverage).


Balance Sheet

Inventory Level: 1052 has a low level of unsold assets or inventory.

Debt Coverage by Assets: 1052's debt is not covered by short term assets (assets are 0.4x debt).


Next Steps

Dividend

What is Yuexiu Transport Infrastructure's current dividend yield, its reliability and sustainability?

6.19%

Expected Dividend Yield


Upcoming Dividend Payment

Purchase Yuexiu Transport Infrastructure before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield vs Market

company5.5%marketbottom25%2.3%markettop25%6.3%industryaverage5.1%forecastin3Years6.2%

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: 1052's dividend (5.47%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.25%).

High Dividend: 1052's dividend (5.47%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.35%).

Stable Dividend: 1052's dividend payments have been volatile in the past 10 years.

Growing Dividend: 1052's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (50.3%), 1052's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 1052's dividends in 3 years are forecast to be covered by earnings (51.7% payout ratio).


Next Steps

Management

What is the CEO of Yuexiu Transport Infrastructure's salary, the management and board of directors tenure and is there insider trading?

13.8yrs

Average board tenure


CEO

Yuexiu Transport Infrastructure has no CEO, or we have no data on them.


Board Age and Tenure

13.8yrs

Average Tenure

55.5yo

Average Age

Experienced Board: 1052's board of directors are seasoned and experienced ( 13.8 years average tenure).


Insider Trading

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


Recent Insider Transactions

BuyCN¥20,169,42812 Sep 19
J.P. Morgan Asset Management, Inc.
EntityCompany
Shares3,182,000
Max PriceCN¥6.34
SellCN¥3,254,46304 Jun 19
J.P. Morgan Asset Management, Inc.
EntityCompany
Shares534,000
Max PriceCN¥6.09
BuyCN¥1,130,03326 Mar 19
J.P. Morgan Asset Management, Inc.
EntityCompany
Shares178,000
Max PriceCN¥6.35
SellCN¥3,699,52627 Feb 19
J.P. Morgan Asset Management, Inc.
EntityCompany
Shares599,784
Max PriceCN¥6.17
BuyCN¥2,321,44307 Dec 18
J.P. Morgan Asset Management, Inc.
EntityCompany
Shares386,000
Max PriceCN¥6.01
SellCN¥1,330,13427 Nov 18
J.P. Morgan Asset Management, Inc.
EntityCompany
Shares224,000
Max PriceCN¥5.94

Ownership Breakdown


Management Team

  • Baiqing He (54yo)

    Deputy Chairman & General Manager

    • Tenure: 5.3yrs
    • Compensation: CN¥2.72m
  • Tat Fung Yu

    Company Secretary

    • Tenure: 15.8yrs
  • Feng Li (50yo)

    Chairman

    • Tenure: 0.3yrs
    • Compensation: CN¥1.45m
  • Jing Chen (47yo)

    Executive Director

    • Tenure: 1.5yrs
    • Compensation: CN¥1.45m

Board Members

  • K.B. Fung Fung (73yo)

    Independent Non-Executive Director

    • Tenure: 22.9yrs
    • Compensation: CN¥180.00k
  • Doi Cheung (57yo)

    Independent Non-Executive Director

    • Tenure: 22.3yrs
    • Compensation: CN¥180.00k
  • Ambrose Lau (72yo)

    Independent Non-Executive Director

    • Tenure: 22.9yrs
    • Compensation: CN¥245.00k
  • Baiqing He (54yo)

    Deputy Chairman & General Manager

    • Tenure: 5.3yrs
    • Compensation: CN¥2.72m
  • Feng Li (50yo)

    Chairman

    • Tenure: 0.3yrs
    • Compensation: CN¥1.45m
  • Jing Chen (47yo)

    Executive Director

    • Tenure: 1.5yrs
    • Compensation: CN¥1.45m

Company Information

Yuexiu Transport Infrastructure Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Yuexiu Transport Infrastructure Limited
  • Ticker: 1052
  • Exchange: SEHK
  • Founded:
  • Industry: Highways and Railtracks
  • Sector: Transportation
  • Market Cap: HK$11.428b
  • Shares outstanding: 1.67b
  • Website: https://www.yuexiutransportinfrastructure.com

Number of Employees


Location

  • Yuexiu Transport Infrastructure Limited
  • 17A, Yue Xiu Building
  • 160 Lockhart Road
  • Wanchai
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1052SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJan 1997
GZ3DB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1997
GZIT.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1997
1052SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesOrdinary SharesHKHKDJan 1997
1052SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesOrdinary SharesHKHKDJan 1997

Biography

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, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/13 12:52
End of Day Share Price2019/10/11 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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

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