SEHK:1292

Stock Analysis Report

Changan Minsheng APLL Logistics

Executive Summary

Changan Minsheng APLL Logistics Co., Ltd., together with its subsidiaries, provides supply chain management services for automobiles and automobile raw materials, components, and parts in Mainland China.

Snowflake

Fundamentals

Adequate balance sheet with moderate growth potential.

Share Price & News

How has Changan Minsheng APLL Logistics's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-1.5%

1292

1.7%

HK Logistics

2.4%

HK Market


1 Year Return

-40.9%

1292

-11.2%

HK Logistics

0.4%

HK Market

Return vs Industry: 1292 underperformed the Hong Kong Logistics industry which returned -11.2% over the past year.

Return vs Market: 1292 underperformed the Hong Kong Market which returned 0.4% over the past year.


Shareholder returns

1292IndustryMarket
7 Day-1.5%1.7%2.4%
30 Day-8.2%-3.5%-2.6%
90 Day-26.5%-12.2%-5.6%
1 Year-38.3%-40.9%-6.9%-11.2%4.0%0.4%
3 Year-64.5%-67.9%-17.4%-25.2%15.1%3.5%
5 Year-73.6%-76.9%-39.5%-48.1%20.3%0.3%

Price Volatility Vs. Market

How volatile is Changan Minsheng APLL Logistics's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Changan Minsheng APLL Logistics undervalued compared to its fair value and its price relative to the market?

36.38x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: 1292 (HK$2.02) is trading above our estimate of fair value (HK$1.29)

Significantly Undervalued: 1292 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 1292 is poor value based on its PE Ratio (36.4x) compared to the Logistics industry average (9.4x).

PE vs Market: 1292 is poor value based on its PE Ratio (36.4x) compared to the Hong Kong market (10.3x).


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate 1292's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 1292 is good value based on its PB Ratio (0.1x) compared to the HK Logistics industry average (0.9x).


Next Steps

Future Growth

How is Changan Minsheng APLL Logistics forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

27.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1292's forecast earnings growth (27.4% per year) is above the savings rate (2%).

Earnings vs Market: 1292's earnings (27.4% per year) are forecast to grow faster than the Hong Kong market (11.2% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if 1292's revenue is forecast to grow faster than the Hong Kong market.

High Growth Revenue: Insufficient data to determine if 1292's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if 1292's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Changan Minsheng APLL Logistics performed over the past 5 years?

-28.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 1292's earnings have declined by -28.5% per year over the past 5 years.

Accelerating Growth: 1292's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 1292 had negative earnings growth (-93.4%) over the past year, making it difficult to compare to the Logistics industry average (-24.5%).


Return on Equity

High ROE: 1292's Return on Equity (0.9%) is considered low.


Return on Assets

ROA vs Industry: 1292's Return on Assets is below or equal to the Logistics industry average last year.


Return on Capital Employed

ROCE Improving: 1292 is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Changan Minsheng APLL Logistics's financial position?


Financial Position Analysis

Short Term Liabilities: 1292's short term assets (CN¥3.0B) exceeds its short term liabilities (CN¥2.0B)

Long Term Liabilities: 1292's short term assets (3.0B) exceeds its long term liabilities (121.7M)


Debt to Equity History and Analysis

Debt Level: 1292's debt to equity ratio (0.5%) is considered satisfactory

Reducing Debt: Insufficient data to determine if 1292's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 1292's debt is well covered by operating cash flow (844%).

Interest Coverage: Insufficient data to determine if 1292's interest payments on its debt are well covered by EBIT.


Balance Sheet

Inventory Level: 1292 has a high level of physical assets or inventory.

Debt Coverage by Assets: 1292's debt is covered by short term assets (assets are 301.227000x debt).


Next Steps

Dividend

What is Changan Minsheng APLL Logistics's current dividend yield, its reliability and sustainability?

5.50%

Current Dividend Yield


Dividend Yield vs Market

company5.5%marketbottom25%2.3%markettop25%6.3%industryaverage4.3%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: 1292's dividend (5.5%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.26%).

High Dividend: 1292's dividend (5.5%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.33%).

Stable Dividend: 1292's dividend payments have been volatile in the past 10 years.

Growing Dividend: 1292's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (199.9%), 1292's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of Changan Minsheng APLL Logistics's salary, the management and board of directors tenure and is there insider trading?

5.1yrs

Average board tenure


CEO

Jinggang Shi (52yo)

3.4yrs

Tenure

CN¥666,000

Compensation

Mr. Jinggang Shi has been General Manager of Changan Minsheng APLL Logistics Co., Ltd. since May 31, 2016. Mr. Shi has been engaged in the enterprise development planning, production and operation manageme ...


CEO Compensation Analysis

Compensation vs. Market: Jinggang's total compensation ($USD94.26K) is about average for companies of similar size in the Hong Kong market ($USD211.40K).

Compensation vs Earnings: Jinggang's compensation has been consistent with company performance over the past year.


Board Age and Tenure

5.1yrs

Average Tenure

52.5yo

Average Age

Experienced Board: 1292's board of directors are considered experienced (5.1 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.


Ownership Breakdown


Management Team

  • William Villalon (70yo)

    Executive Director

    • Tenure: 9.3yrs
  • Ming Huang (57yo)

    Chief Management Expert

    • Tenure: 0yrs
  • Huang Xuesong (55yo)

    Company Secretary

    • Tenure: 0yrs
  • Shikang Xie (49yo)

    Executive Chairman of the Board

    • Tenure: 3.3yrs
    • Compensation: CN¥680.00k
  • Jinggang Shi (52yo)

    GM & Executive Director

    • Tenure: 3.4yrs
    • Compensation: CN¥666.00k
  • Li Deng (49yo)

    Deputy Director of Audit & Risk Control Department & Employee Representative Supervisor

    • Tenure: 1.3yrs
  • Honglian Ren (52yo)

    Chief Compliance Officer

    • Tenure: 0yrs
  • Wenbo Chen (50yo)

    Executive Director

    • Tenure: 0.8yrs

Board Members

  • Chiu Kwok Poon (57yo)

    Independent Non-Executive Director

    • Tenure: 8.1yrs
    • Compensation: CN¥125.00k
  • Steven Chong (64yo)

    Independent Non-Executive Director

    • Tenure: 14.3yrs
    • Compensation: CN¥125.00k
  • William Villalon (70yo)

    Executive Director

    • Tenure: 9.3yrs
  • Jing Jie (51yo)

    Independent Non-Executive Director

    • Tenure: 6.8yrs
    • Compensation: CN¥125.00k
  • Yun Zhang (53yo)

    Independent Non-Executive Director

    • Tenure: 6.8yrs
    • Compensation: CN¥125.00k
  • Shikang Xie (49yo)

    Executive Chairman of the Board

    • Tenure: 3.3yrs
    • Compensation: CN¥680.00k
  • Jinggang Shi (52yo)

    GM & Executive Director

    • Tenure: 3.4yrs
    • Compensation: CN¥666.00k
  • Huaicheng Wang (53yo)

    Chairman of Supervisory Committee

    • Tenure: 1.3yrs
  • Li Deng (49yo)

    Deputy Director of Audit & Risk Control Department & Employee Representative Supervisor

    • Tenure: 1.3yrs
  • Wenbo Chen (50yo)

    Executive Director

    • Tenure: 0.8yrs

Company Information

Changan Minsheng APLL Logistics Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Changan Minsheng APLL Logistics Co., Ltd.
  • Ticker: 1292
  • Exchange: SEHK
  • Founded: 2001
  • Industry: Air Freight and Logistics
  • Sector: Transportation
  • Market Cap: HK$328.990m
  • Shares outstanding: 162.06m
  • Website: https://www.camsl.com

Number of Employees


Location

  • Changan Minsheng APLL Logistics Co., Ltd.
  • 144-151 Singga Commercial Centre
  • 16th Floor
  • Hong Kong
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1292SEHK (The Stock Exchange of Hong Kong Ltd.)YesForeign Shares-Foreign ListedHKHKDFeb 2006

Biography

Changan Minsheng APLL Logistics Co., Ltd., together with its subsidiaries, provides supply chain management services for automobiles and automobile raw materials, components, and parts in Mainland China. I ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/15 12:40
End of Day Share Price2019/10/15 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.