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Qilu Expressway

SEHK:1576
Snowflake Description

Excellent balance sheet and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1576
SEHK
HK$4B
Market Cap
  1. Home
  2. HK
  3. Transportation
Company description

Qilu Expressway Company Limited, together with its subsidiaries, operates as an expressway operator in the People’s Republic of China. The last earnings update was 84 days ago. More info.


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1576 Share Price and Events
7 Day Returns
1.7%
SEHK:1576
-0.7%
HK Infrastructure
0.6%
HK Market
1 Year Returns
-
SEHK:1576
-0.1%
HK Infrastructure
-5.9%
HK Market
1576 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Qilu Expressway (1576) 1.7% 2.9% -5.8% - - -
HK Infrastructure -0.7% 2.1% -7.5% -0.1% -7.3% -7.1%
HK Market 0.6% 3.7% -8.2% -5.9% 17.2% 4.8%
1 Year Return vs Industry and Market
  • No trading data on 1576.
  • No trading data on 1576.
Price Volatility
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Qilu Expressway's competitors could be found in our database.

1576 Value

 Is Qilu Expressway 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 Qilu Expressway 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 Qilu Expressway.

SEHK:1576 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 7.7%
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:1576
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6%
Infrastructure Unlevered Beta Simply Wall St/ S&P Global 0.84
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.839 (1 + (1- 25%) (16.12%))
0.96
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.96
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (0.96 * 5.96%)
7.73%

Discounted Cash Flow Calculation for SEHK:1576 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Qilu Expressway 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:1576 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 7.73%)
2020 636.87 Est @ 0.22% 591.19
2021 641.67 Est @ 0.75% 552.93
2022 648.91 Est @ 1.13% 519.07
2023 657.94 Est @ 1.39% 488.55
2024 668.30 Est @ 1.57% 460.66
2025 679.68 Est @ 1.7% 434.90
2026 691.87 Est @ 1.79% 410.95
2027 704.71 Est @ 1.86% 388.56
2028 718.10 Est @ 1.9% 367.55
2029 731.97 Est @ 1.93% 347.78
Present value of next 10 years cash flows CN¥4,562.15
SEHK:1576 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥731.97 × (1 + 2%) ÷ (7.73% – 2%)
CN¥13,047.03
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥13,047.03 ÷ (1 + 7.73%)10
CN¥6,199.01
SEHK:1576 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥4,562.15 + CN¥6,199.01
CN¥10,761.16
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥10,761.16 / 2,000.00
CN¥5.38
SEHK:1576 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:1576)
1.138
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥5.38 x 1.138
HK$6.12
Value per share (HKD) From above. HK$6.12
Current discount Discount to share price of HK$1.80
= -1 x (HK$1.80 - HK$6.12) / HK$6.12
70.6%

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

Current Discount
Amount off the current price Qilu Expressway is available for.
Intrinsic value
>50%
Share price is HK$1.8 vs Future cash flow value of HK$6.12
Current Discount Checks
For Qilu Expressway to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Qilu Expressway's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Qilu Expressway'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 Qilu Expressway's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Qilu Expressway's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:1576 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥0.24
SEHK:1576 Share Price ** SEHK (2019-07-15) in HKD HK$1.8
SEHK:1576 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.879 CN¥1.58
Hong Kong Infrastructure Industry PE Ratio Median Figure of 26 Publicly-Listed Infrastructure Companies 9.13x
Hong Kong Market PE Ratio Median Figure of 1,503 Publicly-Listed Companies 10.71x

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

** Primary Listing of Qilu Expressway.

SEHK:1576 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1576 Share Price ÷ EPS (both in CNY)

= 1.58 ÷ 0.24

6.68x

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

  • Qilu Expressway is good value based on earnings compared to the HK Infrastructure industry average.
  • Qilu Expressway is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Qilu Expressway's expected growth come at a high price?
Raw Data
SEHK:1576 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.68x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-0.7%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 477 Publicly-Listed Companies 0.8x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Qilu Expressway, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Qilu Expressway's assets?
Raw Data
SEHK:1576 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥1.77
SEHK:1576 Share Price * SEHK (2019-07-15) in HKD HK$1.8
SEHK:1576 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.879 CN¥1.58
Hong Kong Infrastructure Industry PB Ratio Median Figure of 29 Publicly-Listed Infrastructure Companies 0.89x
Hong Kong Market PB Ratio Median Figure of 2,190 Publicly-Listed Companies 0.92x
SEHK:1576 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1576 Share Price ÷ Book Value per Share (both in CNY)

= 1.58 ÷ 1.77

0.9x

* Primary Listing of Qilu Expressway.

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

  • Qilu Expressway is overvalued based on assets compared to the HK Infrastructure industry average.
X
Value checks
We assess Qilu Expressway'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. Qilu Expressway 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.

1576 Future Performance

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

  • No analysts cover Qilu Expressway, future earnings growth has been estimated based on fundamentals.
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
-0.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Qilu Expressway expected to grow at an attractive rate?
  • Qilu Expressway's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2%.
Growth vs Market Checks
  • Qilu Expressway's earnings are expected to decrease over the next 1-3 years, this is below the Hong Kong market average.
  • Unable to compare Qilu Expressway's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:1576 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:1576 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -0.7%
Hong Kong Infrastructure Industry Earnings Growth Rate Market Cap Weighted Average 5%
Hong Kong Infrastructure Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.3%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.5%

*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:1576 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:1576 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 922 668 409
2018-09-30 920 554 401
2018-06-30 969 554 438
2018-03-31 1,007 615 467
2017-12-31 1,045 676 496
2017-09-30 1,074 887 517
2016-12-31 1,000 758 436

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Qilu Expressway's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Qilu Expressway is high growth as no revenue estimate data is available.
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:1576 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Qilu Expressway Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1576 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 0.24
2018-09-30 0.25
2018-06-30 0.29
2018-03-31 0.31
2017-12-31 0.33
2017-09-30 0.34
2016-12-31 0.29

*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.
  • Unable to establish if Qilu Expressway will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Qilu Expressway'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.
Qilu Expressway has a total score of 0/6, 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.

1576 Past Performance

  How has Qilu Expressway 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 Qilu Expressway'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.
  • Insufficient data to establish if Qilu Expressway's year on year earnings growth rate was positive over the past 5 years.
  • Qilu Expressway's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Qilu Expressway's 1-year earnings growth is negative, it can't be compared to the HK Infrastructure industry average.
Earnings and Revenue History
Qilu Expressway'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 Qilu Expressway Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1576 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 921.74 408.51 45.73
2018-09-30 920.31 400.89 47.59
2018-06-30 969.05 437.53 38.16
2018-03-31 1,007.06 466.82 36.18
2017-12-31 1,045.06 496.12 35.48
2017-09-30 1,074.11 517.33 29.85
2016-12-31 999.85 436.35 30.44
2015-12-31 861.95 249.41 34.47

*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.
  • Qilu Expressway has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Qilu Expressway used its assets more efficiently than the HK Infrastructure industry average last year based on Return on Assets.
  • Qilu Expressway has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Qilu Expressway'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.
Qilu Expressway has a total score of 2/6, 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.

1576 Health

 How is Qilu Expressway'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 Qilu Expressway's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Qilu Expressway is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Qilu Expressway's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Qilu Expressway'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 covered by short term assets, assets are 2.9x 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 Qilu Expressway Company Filings, last reported 6 months ago.

SEHK:1576 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 3,531.69 510.00 1,306.86
2018-09-30 3,531.69 510.00 1,306.86
2018-06-30 2,297.74 755.00 369.46
2018-03-31 2,297.74 755.00 369.46
2017-12-31 2,476.99 825.00 415.84
2017-09-30 2,380.32 1,095.00 492.87
2016-12-31 2,256.94 1,300.00 367.55
2015-12-31 1,939.10 1,515.00 55.61
  • Qilu Expressway's level of debt (14.4%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Qilu Expressway's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (130.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 23.2x coverage).
X
Financial health checks
We assess Qilu Expressway'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. Qilu Expressway has a total score of 5/6, 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.

1576 Dividends

 What is Qilu Expressway'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
8.14%
Current annual income from Qilu Expressway dividends.
If you bought HK$2,000 of Qilu Expressway shares you are expected to receive HK$163 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?
  • Qilu Expressway's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.08%).
  • Qilu Expressway's dividend is above the markets top 25% of dividend payers in Hong Kong (5.74%).
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:1576 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 0 Analyst Estimates (S&P Global) See Below
Hong Kong Infrastructure Industry Average Dividend Yield Market Cap Weighted Average of 22 Stocks 5.2%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 978 Stocks 3.6%
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 5.7%

Industry and Market average data is calculated daily.

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

SEHK:1576 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-04-23 0.129 7.994
2018-08-29 0.000 0.000

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

  • It is too early to tell whether Qilu Expressway has stable dividend payments.
  • Qilu Expressway only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of Qilu Expressway's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.8x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Qilu Expressway'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 Qilu Expressway afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Qilu Expressway has a total score of 3/6, see the detailed checks below.


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

1576 Management

 What is the CEO of Qilu Expressway'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.
CEO
Hui Peng
AGE 54
TENURE AS CEO 5.2 years
CEO Bio

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 30 years of experience in transportation industry. He acted as the head of paratransit of Tianjin Ocean Shipping Company from September 1984 to September 1998, manager of COSCO Bulk International Ocean Manning Company from October 1998 to July 2008, assistant to general manager of COSCO SHIPPING Industry & Trade (formerly known as COSCO (Hong Kong) Industry & Trade Holdings Limited) from July 2008 to June 2011 and deputy general manager of COSCO SHIPPING Industry & Trade (formerly known as COSCO (Hong Kong) Industry & Trade Holdings Limited) from July 2011 to May 2014. Mr. Peng graduated from Qingdao Ocean Shipping Mariners College in Qingdao, the PRC, in July 1990 with a bachelor’s degree majoring in marine engineering management. In December 2004, he graduated from Party School of Tianjin Municipal Committee of the Communist Party of China in Tianjin, the PRC, with a part-time undergraduate degree in Law.

CEO Compensation
  • Insufficient data for Hui to compare compensation growth.
  • Insufficient data for Hui to establish whether their remuneration is reasonable compared to companies of similar size in Hong Kong.
Management Team Tenure

Average tenure and age of the Qilu Expressway management team in years:

5.8
Average Tenure
48.5
Average Age
  • The average tenure for the Qilu Expressway management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Gang Li

TITLE
Chairman
AGE
50

Hui Peng

TITLE
GM & Executive Director
AGE
54
TENURE
5.2 yrs

Andong Li

TITLE
Chief Financial Officer
AGE
49
TENURE
9.5 yrs

Xiulin Chen

TITLE
Deputy GM & Secretary to the Board
AGE
46
TENURE
4.7 yrs

Qiang Liu

TITLE
Deputy General Manager
AGE
51
TENURE
11.3 yrs

Qinghong Hou

TITLE
Head of the Party Operation Department & Supervisor
AGE
47

Dehong Hao

TITLE
Head of Enterprise Management Department & Supervisor
AGE
48
TENURE
5.8 yrs

Betty So

TITLE
Joint Company Secretary

Shengguo Lian

TITLE
Joint Company Secretary
AGE
40
Board of Directors Tenure

Average tenure and age of the Qilu Expressway board of directors in years:

3.7
Average Tenure
51.5
Average Age
  • The tenure for the Qilu Expressway board of directors is about average.
Board of Directors

Gang Li

TITLE
Chairman
AGE
50
TENURE
4.7 yrs

Hui Peng

TITLE
GM & Executive Director
AGE
54
TENURE
7.8 yrs

Dalong Chen

TITLE
Vice Chairman of the Board
AGE
57
TENURE
1.6 yrs

Qinghong Hou

TITLE
Head of the Party Operation Department & Supervisor
AGE
47
TENURE
8.3 yrs

Dehong Hao

TITLE
Head of Enterprise Management Department & Supervisor
AGE
48
TENURE
8.3 yrs

Shengguo Lian

TITLE
Joint Company Secretary
AGE
40
TENURE
2.8 yrs

Yuxiang Wu

TITLE
Independent Non Executive Director
AGE
57
TENURE
1.1 yrs

Hua Li

TITLE
Independent Non Executive Director
AGE
65
TENURE
1.1 yrs

Xin Meng

TITLE
Chairman of the Supervisory Committee
AGE
47
TENURE
1.6 yrs

Shaochen Wang

TITLE
Non Executive Director
AGE
53
TENURE
4.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
X
Management checks
We assess Qilu Expressway'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. Qilu Expressway 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.

1576 News

Simply Wall St News

Here's What Qilu Expressway Company Limited's (HKG:1576) P/E Ratio Is Telling Us

Qilu Expressway has a price to earnings ratio of 6.92, based on the last twelve months. … The formula for P/E is: Price to Earnings Ratio = Price per Share (in the reporting currency) ÷ Earnings per Share (EPS) Or for Qilu Expressway: P/E of 6.92 = CN¥1.64 (Note: this is the share price in the reporting currency, namely, CNY ) ÷ CN¥0.24 (Based on the year to December 2018.) Is A High P/E Ratio Good? … A higher P/E ratio means that investors are paying a higher price for each HK$1 of company earnings.

Simply Wall St -

What Qilu Expressway Company Limited's (HKG:1576) ROE Can Tell Us

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … That means that for every HK$1 worth of shareholders' equity, it generated HK$0.12 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Is Qilu Expressway Company Limited's (HKG:1576) 7.9% Dividend Worth Your Time?

Could Qilu Expressway Company Limited (HKG:1576) be an attractive dividend share to own for the long haul? … Yet sometimes, investors buy a popular dividend stock because of its yield, and then lose money if the company's dividend doesn't live up to expectations. … Qilu Expressway has only been paying a dividend for a year or so, so investors might be curious about its 7.9% yield.

Simply Wall St -

What Investors Should Know About Qilu Expressway Company Limited's (HKG:1576) Financial Strength

While small-cap stocks, such as Qilu Expressway Company Limited (HKG:1576) with its market cap of HK$3.8b, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Understanding the company's financial health becomes. … Let's work through some financial health checks you may wish to consider if you're interested in this stock.

Simply Wall St -

Why We Like Qilu Expressway Company Limited’s (HKG:1576) 23% Return On Capital Employed

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. … Understanding Return On Capital Employed (ROCE). … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

Does Qilu Expressway Company Limited's (HKG:1576) P/E Ratio Signal A Buying Opportunity?

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … Qilu Expressway has a price to earnings ratio of 4.95, based on the last twelve months. … Price to Earnings Ratio = Price per Share (in the reporting currency) ÷ Earnings per Share (EPS)

Simply Wall St -

What Kind Of Shareholder Owns Most Qilu Expressway Company Limited (HKG:1576) Stock?

Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … Qilu Expressway is not a large company by global standards. … institutional investors have bought into the company.

Simply Wall St -

What You Must Know About Qilu Expressway Company Limited's (HKG:1576) Financial Strength

While small-cap stocks, such as Qilu Expressway Company Limited (HKG:1576) with its market cap of HK$3.4b, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Evaluating financial health as part of your investment thesis is. … Here are few basic financial health checks you should consider before taking the plunge.

Simply Wall St -

Should You Be Impressed By Qilu Expressway Company Limited's (HKG:1576) ROE?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … By way of learning-by-doing, we'll look at ROE to gain a better understanding Qilu Expressway Company Limited (HKG:1576). … Qilu Expressway has a ROE of 19%, based on the last twelve months.

Simply Wall St -

What Does Qilu Expressway Company Limited's (HKG:1576) PE Ratio Tell You?

This analysis is intended to introduce important early concepts to people who are starting to invest. … While 1576 might seem like an attractive stock to buy, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions. … Check out our latest analysis for Qilu Expressway

Simply Wall St -

1576 Company Info

Description

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 Expressway that has a total length of approximately 153.6 kilometers, which runs from Jinan City to Heze City in Shandong Province. It also produces and distributes outdoor advertising. The company was formerly known as Shandong Jihe Expressway Company Limited. The company was founded in 2004 and is headquartered in Jinan, the People’s Republic of China. Qilu Expressway Company Limited is a subsidiary of Qilu Transportation Development Group Company Limited.

Details
Name: Qilu Expressway Company Limited
1576
Exchange: SEHK
Founded: 2004
HK$3,600,000,000
2,000,000,000
Website: http://www.qlecl.com
Address: Qilu Expressway Company Limited
Zone 3, Hanyu Financial & Business Centre,
Room 2301, Block 4,
Jinan,
Shandong Province, China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1576 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong Ltd. HK HKD 19. Jul 2018
Number of employees
Current staff
Staff numbers
408
Qilu Expressway employees.
Industry
Highways and Railtracks
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/16 13:09
End of day share price update: 2019/07/15 00:00
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.