SEHK:1737

Stock Analysis Report

Executive Summary

A & S Group (Holdings) Limited, an investment holding company, provides air freight forwarding ground handling, and air cargo terminal operating services in Hong Kong.

Snowflake

Fundamentals

Adequate balance sheet with moderate growth potential.


Similar Companies

Share Price & News

How has A & S Group (Holdings)'s share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

1737

-1.9%

HK Logistics

0.3%

HK Market


1 Year Return

-37.5%

1737

-14.6%

HK Logistics

-1.5%

HK Market

Return vs Industry: 1737 underperformed the Hong Kong Logistics industry which returned -14.6% over the past year.

Return vs Market: 1737 underperformed the Hong Kong Market which returned -1.5% over the past year.


Shareholder returns

1737IndustryMarket
7 Day0%-1.9%0.3%
30 Day0%-1.1%0.5%
90 Day-19.7%-11.8%-4.4%
1 Year-37.5%-37.5%-10.6%-14.6%2.1%-1.5%
3 Yearn/a-17.9%-25.7%14.7%3.2%
5 Yearn/a-40.8%-49.3%21.5%1.2%

Price Volatility Vs. Market

How volatile is A & S Group (Holdings)'s share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is A & S Group (Holdings) undervalued compared to its fair value and its price relative to the market?

235.04x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 1737's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 1737's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 1737 is poor value based on its PE Ratio (235x) compared to the Logistics industry average (9.4x).

PE vs Market: 1737 is poor value based on its PE Ratio (235x) compared to the Hong Kong market (10.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 1737's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 1737 is good value based on its PB Ratio (0.6x) compared to the HK Logistics industry average (0.9x).


Next Steps

Future Growth

How is A & S Group (Holdings) forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

33.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1737's forecast earnings growth (33.3% per year) is above the savings rate (2%).

Earnings vs Market: 1737's earnings (33.3% 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 1737's revenue is forecast to grow faster than the Hong Kong market.

High Growth Revenue: Insufficient data to determine if 1737's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 1737's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has A & S Group (Holdings) performed over the past 5 years?

-47.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 1737's earnings have declined by -47% per year over the past 5 years.

Accelerating Growth: 1737's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 1737 had negative earnings growth (-96.1%) over the past year, making it difficult to compare to the Logistics industry average (-24.5%).


Return on Equity

High ROE: 1737's Return on Equity (0.2%) is considered low.


Return on Assets

ROA vs Industry: 1737's Return on Assets is below or equal to the Logistics industry average last year.


Return on Capital Employed

ROCE Improving: 1737's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is A & S Group (Holdings)'s financial position?


Financial Position Analysis

Short Term Liabilities: 1737's short term assets (HK$217.0M) exceeds its short term liabilities (HK$40.6M)

Long Term Liabilities: 1737's short term assets (217.0M) exceeds its long term liabilities (560.0K)


Debt to Equity History and Analysis

Debt Level: 1737's debt to equity ratio (6%) is considered satisfactory

Reducing Debt: Insufficient data to determine if 1737's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 1737's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 1737's interest payments on its debt are well covered by EBIT (4.6x coverage).


Balance Sheet

Inventory Level: 1737 has a low level of unsold assets or inventory.

Debt Coverage by Assets: 1737's debt is covered by short term assets (assets are 19.253030x debt).


Next Steps

Dividend

What is A & S Group (Holdings)'s current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.3%markettop25%6.3%industryaverage4.4%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate 1737's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 1737's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if 1737's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 1737's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 1737's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

What is the CEO of A & S Group (Holdings)'s salary, the management and board of directors tenure and is there insider trading?

2.3yrs

Average management tenure


CEO

Albert Chiu (56yo)

2.3yrs

Tenure

HK$1,824,000

Compensation

Mr. Chiu Tat Ting, also known as Albert, has been the Chief Executive Officer and Executive Director of A & S Group (Holdings) Limited since July 3, 2017. Mr. Chiu first joined the A & S Group (Holdings) L ...


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether Albert's total compensation is reasonable compared to companies of similar size in the Hong Kong market.

Compensation vs Earnings: Albert's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Management Age and Tenure

2.3yrs

Average Tenure

41.5yo

Average Age

Experienced Management: 1737's management team is considered experienced (2.3 years average tenure).


Board Age and Tenure

2.0yrs

Average Tenure

49.5yo

Average Age

Experienced Board: 1737's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.


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

  • Alex Law (39yo)

    Executive Chairman & Compliance Officer

    • Tenure: 2.3yrs
    • Compensation: HK$4.70m
  • Simon Law (44yo)

    Executive Director

    • Tenure: 3.3yrs
    • Compensation: HK$2.35m
  • Albert Chiu (56yo)

    CEO & Executive Director

    • Tenure: 2.3yrs
    • Compensation: HK$1.82m
  • Tai Lung Cheung (34yo)

    General Manager of Corporate Development

    • Tenure: 2.3yrs
  • Lai Sim Wong (56yo)

    Human Resources Manager

    • Tenure: 7.1yrs
  • Hoi Ying Ng (32yo)

    Company Secretary

    • Tenure: 0.6yrs

Board Members

  • Ngai Kit Kwan (39yo)

    Independent Non-Executive Director

    • Tenure: 1.7yrs
    • Compensation: HK$120.00k
  • Patrick Ho (55yo)

    Independent Non-Executive Director

    • Tenure: 1.7yrs
    • Compensation: HK$120.00k
  • Teddy Iu (56yo)

    Independent Non-Executive Director

    • Tenure: 1.7yrs
    • Compensation: HK$120.00k
  • Alex Law (39yo)

    Executive Chairman & Compliance Officer

    • Tenure: 2.3yrs
    • Compensation: HK$4.70m
  • Simon Law (44yo)

    Executive Director

    • Tenure: 3.3yrs
    • Compensation: HK$2.35m
  • Albert Chiu (56yo)

    CEO & Executive Director

    • Tenure: 2.3yrs
    • Compensation: HK$1.82m

Company Information

A & S Group (Holdings) Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: A & S Group (Holdings) Limited
  • Ticker: 1737
  • Exchange: SEHK
  • Founded: 2002
  • Industry: Air Freight and Logistics
  • Sector: Transportation
  • Market Cap: HK$110.000m
  • Shares outstanding: 1.00b
  • Website: https://www.asl.hk

Number of Employees


Location

  • A & S Group (Holdings) Limited
  • Tower 2, Ever Gain Plaza
  • Room 11
  • Kwai Chung
  • New Territories
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1737SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDMar 2018

Biography

A & S Group (Holdings) Limited, an investment holding company, provides air freight forwarding ground handling, and air cargo terminal operating services in Hong Kong. It operates Air Freight Forwarding Gr ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 13:03
End of Day Share Price2019/10/21 00:00
Earnings2019/03/31
Annual Earnings2019/03/31


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.