SEHK:1576

Stock Analysis Report

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Executive Summary

Qilu Expressway Company Limited, together with its subsidiaries, operates as an expressway operator in the People’s Republic of China. More Details


Snowflake Analysis

Excellent balance sheet and good value.

Share Price & News

How has Qilu Expressway's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 1576 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

1576

0.9%

HK Infrastructure

1.2%

HK Market


1 Year Return

-10.8%

1576

-18.3%

HK Infrastructure

2.3%

HK Market

Return vs Industry: 1576 exceeded the Hong Kong Infrastructure industry which returned -18.3% over the past year.

Return vs Market: 1576 underperformed the Hong Kong Market which returned 2.3% over the past year.


Shareholder returns

1576IndustryMarket
7 Day0%0.9%1.2%
30 Day0.6%2.8%7.0%
90 Day0.6%-2.7%3.6%
1 Year-0.7%-10.8%-13.2%-18.3%6.6%2.3%
3 Yearn/a-30.2%-40.6%-4.7%-15.1%
5 Yearn/a-15.5%-33.9%19.1%-1.1%

Price Volatility Vs. Market

How volatile is Qilu Expressway's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Qilu Expressway undervalued compared to its fair value and its price relative to the market?

39.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 1576 (HK$1.66) is trading below our estimate of fair value (HK$2.76)

Significantly Below Fair Value: 1576 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 1576 is good value based on its PE Ratio (6.7x) compared to the HK Infrastructure industry average (10x).

PE vs Market: 1576 is good value based on its PE Ratio (6.7x) compared to the Hong Kong market (11.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 1576's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 1576 is overvalued based on its PB Ratio (0.8x) compared to the HK Infrastructure industry average (0.6x).


Next Steps

Future Growth

How is Qilu Expressway forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

22.1%

Forecasted Transportation industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Qilu Expressway has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Qilu Expressway performed over the past 5 years?

5.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1576 has high quality earnings.

Growing Profit Margin: 1576's current net profit margins (40.5%) are lower than last year (45.4%).


Past Earnings Growth Analysis

Earnings Trend: 1576's earnings have grown by 5.7% per year over the past 5 years.

Accelerating Growth: 1576's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 1576 had negative earnings growth (-2.1%) over the past year, making it difficult to compare to the Infrastructure industry average (-7.2%).


Return on Equity

High ROE: 1576's Return on Equity (11.8%) is considered low.


Next Steps

Financial Health

How is Qilu Expressway's financial position?


Financial Position Analysis

Short Term Liabilities: 1576's short term assets (CN¥1.7B) exceed its short term liabilities (CN¥738.8M).

Long Term Liabilities: 1576's short term assets (CN¥1.7B) exceed its long term liabilities (CN¥107.9M).


Debt to Equity History and Analysis

Debt Level: 1576's debt to equity ratio (4.6%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if 1576's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 1576's debt is well covered by operating cash flow (396.4%).

Interest Coverage: 1576 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Qilu Expressway current dividend yield, its reliability and sustainability?

11.38%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 1576's dividend (11.38%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.24%).

High Dividend: 1576's dividend (11.38%) is in the top 25% of dividend payers in the Hong Kong market (6.77%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, 1576 has been paying a dividend for less than 10 years.

Growing Dividend: 1576's dividend payments have increased, but the company has only paid a dividend for 2 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (76.6%), 1576's payments are 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

How experienced are the management team and are they aligned to shareholders interests?

5.0yrs

Average management tenure


CEO

Hui Peng (55 yo)

6.42yrs

Tenure

CN¥603,000

Compensation

Mr. Peng Hui has been General Manager and Deputy Secretary of The Party Committee at Qilu Expressway Company Limited since May 2014 and has been its Executive Director since October 2011. Mr. Peng has over ...


CEO Compensation Analysis

Compensation vs Market: Hui's total compensation ($USD90.18K) is below average for companies of similar size in the Hong Kong market ($USD333.29K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Gang Li
Executive Chairman5.92yrsCN¥607.00kno data
Hui Peng
GM & Executive Director6.42yrsCN¥603.00kno data
Qiang Liu
Deputy GM & Executive Director0.92yrCN¥490.00kno data
Andong Li
Chief Financial Officer10.75yrsno datano data
Liangrong Liu
Deputy General Manager5.5yrsno datano data
Yuehong Xu
Deputy General Manager0.17yrno datano data
Xiulin Chen
Deputy GM & Secretary to the Board4.5yrsno datano data
Shuk Yi So
Joint Company Secretary2.33yrsno datano data
Shengguo Lian
Joint Company Secretary & Head of the Office of the Board2.33yrsno datano data

5.0yrs

Average Tenure

51yo

Average Age

Experienced Management: 1576's management team is seasoned and experienced (5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Gang Li
Executive Chairman5.92yrsCN¥607.00kno data
Hui Peng
GM & Executive Director6.42yrsCN¥603.00kno data
Qiang Liu
Deputy GM & Executive Director0.92yrCN¥490.00kno data
Jiale He
Independent Non-Executive Director1.83yrsCN¥111.00kno data
Dalong Chen
Non-Executive Vice Chairman of the Board2.83yrsno datano data
Xuezhan Cheng
Independent Non Executive Director2.33yrsCN¥120.00kno data
Shaochen Wang
Non Executive Director5.92yrsno datano data
Xiaodong Su
Non Executive Director8.08yrsno datano data
Hua Li
Independent Non Executive Director2.33yrsCN¥120.00kno data
Lingfang Wang
Independent Non Executive Director2.33yrsCN¥120.00kno data
Ruizheng Yuan
Non-Executive Director1.83yrsno datano data
Xin Meng
Chairman of the Supervisory Committee2.83yrsno datano data

2.6yrs

Average Tenure

55yo

Average Age

Experienced Board: 1576's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Qilu Expressway Company Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Qilu Expressway Company Limited
  • Ticker: 1576
  • Exchange: SEHK
  • Founded: 2004
  • Industry: Highways and Railtracks
  • Sector: Transportation
  • Market Cap: HK$3.320b
  • Shares outstanding: 2.00b
  • Website: https://www.qlecl.com

Number of Employees


Location

  • Qilu Expressway Company Limited
  • Zn 3, Hanyu Financial & Business Ctr
  • Room 2301, Block 4
  • Jinan
  • Shandong Province
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1576SEHK (The Stock Exchange of Hong Kong Ltd.)YesForeign Shares-Foreign ListedHKHKDJul 2018

Biography

Qilu Expressway Company Limited, together with its subsidiaries, operates as an expressway operator in the People’s Republic of China. The company constructs, maintains, operates, and manages the Jihe Expr ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/25 12:55
End of Day Share Price2020/10/23 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.