SEHK:3399

Stock Analysis Report

Guangdong Yueyun Transportation

Executive Summary

Guangdong Yueyun Transportation Company Limited, an investment holding company, provides integrated transportation and logistics services primarily in the People’s Republic of China.

Snowflake

Fundamentals

Undervalued average dividend payer.

Share Price & News

How has Guangdong Yueyun Transportation's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

4.3%

3399

0.1%

HK Logistics

0.9%

HK Market


1 Year Return

-8.5%

3399

-12.0%

HK Logistics

0.6%

HK Market

Return vs Industry: 3399 exceeded the Hong Kong Logistics industry which returned -12% over the past year.

Return vs Market: 3399 underperformed the Hong Kong Market which returned 0.6% over the past year.


Shareholder returns

3399IndustryMarket
7 Day4.3%0.1%0.9%
30 Day6.6%0.9%0.5%
90 Day2.1%-10.6%-4.3%
1 Year-2.3%-8.5%-7.8%-12.0%4.2%0.6%
3 Year-27.8%-37.0%-15.6%-23.5%15.6%4.0%
5 Year4.7%-12.8%-39.8%-48.3%20.0%-0.08%

Price Volatility Vs. Market

How volatile is Guangdong Yueyun Transportation's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Guangdong Yueyun Transportation undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 3399 (HK$2.9) is trading below our estimate of fair value (HK$24.52)

Significantly Below Fair Value: 3399 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 3399 is good value based on its PE Ratio (6.7x) compared to the Logistics industry average (9.2x).

PE vs Market: 3399 is good value based on its PE Ratio (6.7x) compared to the Hong Kong market (10.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 3399's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 3399 is good value based on its PB Ratio (0.9x) compared to the HK Logistics industry average (1x).


Next Steps

Future Growth

How is Guangdong Yueyun Transportation forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

7.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 3399's forecast earnings growth (7.9% per year) is above the savings rate (2%).

Earnings vs Market: 3399's earnings (7.9% per year) are forecast to grow slower than the Hong Kong market (11.3% per year).

High Growth Earnings: 3399's earnings are forecast to grow, but not significantly.

Revenue vs Market: 3399's revenue (13.8% per year) is forecast to grow faster than the Hong Kong market (10.3% per year).

High Growth Revenue: 3399's revenue (13.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 3399's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Guangdong Yueyun Transportation performed over the past 5 years?

13.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 3399's earnings have grown by 13% per year over the past 5 years.

Accelerating Growth: 3399's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 3399 had negative earnings growth (-21.2%) over the past year, making it difficult to compare to the Logistics industry average (-24.5%).


Return on Equity

High ROE: 3399's Return on Equity (11.2%) is considered low.


Return on Assets

ROA vs Industry: 3399 has a higher Return on Assets than the Logistics industry average last year.


Return on Capital Employed

ROCE Improving: 3399's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Guangdong Yueyun Transportation's financial position?


Financial Position Analysis

Short Term Liabilities: 3399's short term assets (CN¥2.6B) do not cover its short term liabilities (CN¥2.7B)

Long Term Liabilities: 3399's short term assets (2.6B) do not cover its long term liabilities (4.2B)


Debt to Equity History and Analysis

Debt Level: 3399's debt to equity ratio (54.9%) is considered high

Reducing Debt: 3399's debt to equity ratio has increased from 42.2% to 54.9% over the past 5 years.

Debt Coverage: 3399's debt is well covered by operating cash flow (58.8%).

Interest Coverage: 3399's interest payments on its debt are well covered by EBIT (24.5x coverage).


Balance Sheet

Inventory Level: 3399 has a high level of physical assets or inventory.

Debt Coverage by Assets: 3399's debt is covered by short term assets (assets are 1.369080x debt).


Next Steps

Dividend

What is Guangdong Yueyun Transportation's current dividend yield, its reliability and sustainability?

6.49%

Current Dividend Yield


Dividend Yield vs Market

company6.5%marketbottom25%2.3%markettop25%6.3%industryaverage4.2%forecastin3Years6.1%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: 3399's dividend (6.49%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.27%).

High Dividend: 3399's dividend (6.49%) is in the top 25% of dividend payers in the Hong Kong market (6.25%)

Stable Dividend: 3399's dividend payments have been volatile in the past 10 years.

Growing Dividend: 3399's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (43.2%), 3399's dividend payments are 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 Guangdong Yueyun Transportation's salary, the management and board of directors tenure and is there insider trading?

4.5yrs

Average management tenure


CEO

Yinghai Tang (50yo)

5.6yrs

Tenure

CN¥826,893

Compensation

Mr. Yinghai Tang has been General Manager of Guangdong Yueyun Transportation Company Limited (formerly Guangdong Nan Yue Logistics Co., Ltd.) since March 19, 2014. Mr. Tang served as Deputy General Manager ...


CEO Compensation Analysis

Compensation vs. Market: Yinghai's total compensation ($USD116.77K) is about average for companies of similar size in the Hong Kong market ($USD287.10K).

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


Management Age and Tenure

4.5yrs

Average Tenure

48.5yo

Average Age

Experienced Management: 3399's management team is considered experienced (4.5 years average tenure).


Board Age and Tenure

3.3yrs

Average Tenure

50yo

Average Age

Experienced Board: 3399's board of directors are considered experienced (3.3 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.


Recent Insider Transactions

BuyCN¥309,78022 Mar 19
Pope Asset Management, LLC
EntityCompany
Shares100,000
Max PriceCN¥3.10
BuyCN¥87,75007 Nov 18
Pope Asset Management, LLC
EntityCompany
Shares30,000
Max PriceCN¥2.92

Ownership Breakdown


Management Team

  • Hon Tung Fung (49yo)

    Financial Controller and Qualified Accountant

    • Tenure: 0yrs
  • Zongmin Xuan (58yo)

    Executive Chairman of the Board

    • Tenure: 5.6yrs
    • Compensation: CN¥832.78k
  • Hanxiong Yao (53yo)

    Deputy GM & Executive Director

    • Tenure: 6.8yrs
    • Compensation: CN¥658.84k
  • Yinghai Tang (50yo)

    GM & Executive Director

    • Tenure: 5.6yrs
    • Compensation: CN¥826.89k
  • Leng Xuelin

    Head of Accounting Department

    • Tenure: 0yrs
  • Jianhui Zhen (47yo)

    Deputy Manager of Supervision & Audit Department and Supervisor

    • Tenure: 5.5yrs
    • Compensation: CN¥381.44k
  • Wu Wen (48yo)

    Executive Director

    • Tenure: 1.3yrs
    • Compensation: CN¥667.24k
  • Xiangrong Li (47yo)

    Deputy Manager of Supervision & Audit Department and Supervisor

    • Tenure: 3.3yrs
  • Deyou Zhang (42yo)

    Deputy Manager Of Human Resource

    • Tenure: 12.8yrs
  • Xian Zhang

    Executive Director

    • Tenure: 0.3yrs

Board Members

  • Zongmin Xuan (58yo)

    Executive Chairman of the Board

    • Tenure: 5.6yrs
    • Compensation: CN¥832.78k
  • Hanxiong Yao (53yo)

    Deputy GM & Executive Director

    • Tenure: 6.8yrs
    • Compensation: CN¥658.84k
  • Zhenghua Lu (56yo)

    Independent Non-Executive Director

    • Tenure: 3.3yrs
    • Compensation: CN¥60.00k
  • Yinghai Tang (50yo)

    GM & Executive Director

    • Tenure: 5.6yrs
    • Compensation: CN¥826.89k
  • Jianhui Zhen (47yo)

    Deputy Manager of Supervision & Audit Department and Supervisor

    • Tenure: 5.5yrs
    • Compensation: CN¥381.44k
  • Wu Wen (48yo)

    Executive Director

    • Tenure: 1.3yrs
    • Compensation: CN¥667.24k
  • Xianhua Hu (44yo)

    Chairman of Supervisory Committee

    • Tenure: 0yrs
  • Xiangrong Li (47yo)

    Deputy Manager of Supervision & Audit Department and Supervisor

    • Tenure: 3.3yrs
  • Lian Yuebin (50yo)

    Deputy Manager of the Communist Party Union Working & Supervisor

    • Tenure: 2.2yrs
  • Xian Zhang

    Executive Director

    • Tenure: 0.3yrs

Company Information

Guangdong Yueyun Transportation Company Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Guangdong Yueyun Transportation Company Limited
  • Ticker: 3399
  • Exchange: SEHK
  • Founded: 1999
  • Industry: Air Freight and Logistics
  • Sector: Transportation
  • Market Cap: HK$2.280b
  • Shares outstanding: 799.85m
  • Website: https://www.gdyueyun.com

Number of Employees


Location

  • Guangdong Yueyun Transportation Company Limited
  • Hong Kong Plaza
  • 31st Floor
  • Hong Kong
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
3399SEHK (The Stock Exchange of Hong Kong Ltd.)YesForeign Shares-Foreign ListedHKHKDOct 2005

Biography

Guangdong Yueyun Transportation Company Limited, an investment holding company, provides integrated transportation and logistics services primarily in the People’s Republic of China. The company offers roa ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/21 12:42
End of Day Share Price2019/10/21 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.