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

Established dividend payer and fair value.

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

2.4%

SEHK:1052

0.2%

HK Infrastructure

1.2%

HK Market


1 Year Return

0%

SEHK:1052

-6.2%

HK Infrastructure

-9.5%

HK Market

1052 outperformed the Infrastructure industry which returned -6.2% over the past year.

1052 outperformed the Market in Hong Kong which returned -9.5% over the past year.


Share holder returns

1052IndustryMarket
7 Day2.4%0.2%1.2%
30 Day-5.5%-8.2%-8.0%
90 Day-4.5%-8.4%-5.9%
1 Year6.7%0%-0.8%-6.2%-6.2%-9.5%
3 Year35.3%12.6%-5.4%-17.7%14.5%3.1%
5 Year65.7%23.7%3.6%-17.5%8.5%-9.5%

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

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 Based on Earnings

Yuexiu Transport Infrastructure is overvalued 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

Yuexiu Transport Infrastructure is poor value based on expected growth next year.


Price Based on Value of Assets

Yuexiu Transport Infrastructure is overvalued based on assets compared to the HK Infrastructure industry average.


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?

7.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Yuexiu Transport Infrastructure's revenue is expected to grow by 4.8% yearly, however this is not considered high growth (20% yearly).

Yuexiu Transport Infrastructure's earnings are expected to grow by 7.5% yearly, however this is not considered high growth (20% yearly).

Yuexiu Transport Infrastructure's revenue growth is positive but not above the Hong Kong market average.

Yuexiu Transport Infrastructure's earnings growth is positive but not above the Hong Kong market average.

Yuexiu Transport Infrastructure's earnings growth is expected to exceed the low risk savings rate of 2%.


Earnings per Share Growth Estimates


Future Return on Equity

Yuexiu Transport Infrastructure is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

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

15.3%

Historical annual earnings growth


Earnings and Revenue History


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%).


Return on Equity

Yuexiu Transport Infrastructure has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Yuexiu Transport Infrastructure used its assets less efficiently than the HK Infrastructure industry average last year based on Return on Assets.


Return on Capital Employed

Yuexiu Transport Infrastructure has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Yuexiu Transport Infrastructure's financial position?


Financial Position Analysis

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.


Debt to Equity History and Analysis

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).


Balance Sheet

Low level of unsold assets.

Debt is not covered by short term assets, assets are 0.3x debt.


Next Steps

Dividend

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

6.59%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Yuexiu Transport Infrastructure's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.27%).

Yuexiu Transport Infrastructure's dividend is above the markets top 25% of dividend payers in Hong Kong (6.19%).

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

Dividends paid are covered by earnings (1.9x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (2x coverage).


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?

13.6yrs

Average board tenure


CEO

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


Board Age and Tenure

13.6yrs

Average Tenure

55.5yo

Average Age

The average tenure for the Yuexiu Transport Infrastructure board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

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JPMorgan Chase & Co, Private Banking and Investment Banking Investments
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Ownership Breakdown


Management Team

  • Baiqing He (54yo)

    Deputy Chairman & General Manager

    • Tenure: 5.1yrs
    • Compensation: CN¥2.72m
  • Tat Fung Yu

    Company Secretary

    • Tenure: 15.6yrs
  • Feng Li (50yo)

    Chairman

    • Tenure: 0.1yrs
    • Compensation: CN¥1.45m
  • Jing Chen (47yo)

    Executive Director

    • Tenure: 1.3yrs
    • Compensation: CN¥1.45m

Board Members

  • K.B. Fung Fung (73yo)

    Independent Non-Executive Director

    • Tenure: 22.8yrs
    • Compensation: CN¥180.00k
  • Doi Cheung (57yo)

    Independent Non-Executive Director

    • Tenure: 22.1yrs
    • Compensation: CN¥180.00k
  • Ambrose Lau (72yo)

    Independent Non-Executive Director

    • Tenure: 22.8yrs
    • Compensation: CN¥245.00k
  • Baiqing He (54yo)

    Deputy Chairman & General Manager

    • Tenure: 5.1yrs
    • Compensation: CN¥2.72m
  • Feng Li (50yo)

    Chairman

    • Tenure: 0.1yrs
    • Compensation: CN¥1.45m
  • Jing Chen (47yo)

    Executive Director

    • Tenure: 1.3yrs
    • 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$10.089b
  • 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 Analysis2019/08/20 12:37
End of Day Share Price2019/08/20 00:00
Earnings2018/12/31
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.