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AMS Public Transport Holdings

SEHK:77
Snowflake Description

Moderate growth potential with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
77
SEHK
HK$253M
Market Cap
  1. Home
  2. HK
  3. Transportation
Company description

AMS Public Transport Holdings Limited, an investment holding company, provides franchised public light bus (PLB) transportation services in Hong Kong. The last earnings update was 125 days ago. More info.


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77 Share Price and Events
7 Day Returns
-1.1%
SEHK:77
-2.4%
HK Transportation
0.3%
HK Market
1 Year Returns
-31.6%
SEHK:77
2.7%
HK Transportation
-4.8%
HK Market
77 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
AMS Public Transport Holdings (77) -1.1% -4.1% -1.1% -31.6% -26.2% -13.1%
HK Transportation -2.4% -0.9% 10.2% 2.7% 15% 54.1%
HK Market 0.3% 2.2% 11.2% -4.8% 27.1% 20.8%
1 Year Return vs Industry and Market
  • 77 underperformed the Transportation industry which returned 2.7% over the past year.
  • 77 underperformed the Market in Hong Kong which returned -4.8% over the past year.
Price Volatility
77
Industry
5yr Volatility vs Market

77 Value

 Is AMS Public Transport Holdings 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 AMS Public Transport Holdings 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 AMS Public Transport Holdings.

SEHK:77 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 10.7%
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:77
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6.7%
Transportation Unlevered Beta Simply Wall St/ S&P Global 1
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.999 (1 + (1- 25%) (61.12%))
1.306
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.31
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.306 * 6.65%)
10.69%

Discounted Cash Flow Calculation for SEHK:77 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for AMS Public Transport Holdings 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:77 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 10.69%)
2019 3.66 Est @ -51.36% 3.31
2020 2.37 Est @ -35.35% 1.93
2021 1.80 Est @ -24.15% 1.32
2022 1.50 Est @ -16.3% 1.00
2023 1.34 Est @ -10.81% 0.81
2024 1.25 Est @ -6.97% 0.68
2025 1.19 Est @ -4.28% 0.59
2026 1.17 Est @ -2.39% 0.52
2027 1.15 Est @ -1.07% 0.46
2028 1.15 Est @ -0.15% 0.42
Present value of next 10 years cash flows HK$11.03
SEHK:77 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= HK$1.15 × (1 + 2%) ÷ (10.69% – 2%)
HK$13.52
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$13.52 ÷ (1 + 10.69%)10
HK$4.90
SEHK:77 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$11.03 + HK$4.90
HK$15.93
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$15.93 / 271.91
HK$0.06
SEHK:77 Discount to Share Price
Calculation Result
Value per share (HKD) From above. HK$0.06
Current discount Discount to share price of HK$0.93
= -1 x (HK$0.93 - HK$0.06) / HK$0.06
-1487.4%

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

  • The current share price of AMS Public Transport Holdings is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 AMS Public Transport Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are AMS Public Transport Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:77 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in HKD HK$-0.13
SEHK:77 Share Price ** SEHK (2019-04-18) in HKD HK$0.93
Hong Kong Transportation Industry PE Ratio Median Figure of 6 Publicly-Listed Transportation Companies 20.26x
Hong Kong Market PE Ratio Median Figure of 1,474 Publicly-Listed Companies 12.01x

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

** Primary Listing of AMS Public Transport Holdings.

SEHK:77 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:77 Share Price ÷ EPS (both in HKD)

= 0.93 ÷ -0.13

-7.43x

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

  • AMS Public Transport Holdings is loss making, we can't compare its value to the HK Transportation industry average.
  • AMS Public Transport Holdings is loss making, we can't compare the value of its earnings to the Hong Kong market.
Price based on expected Growth
Does AMS Public Transport Holdings's expected growth come at a high price?
Raw Data
SEHK:77 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -7.43x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
50.9%per year
Asia Transportation Industry PEG Ratio Median Figure of 6 Publicly-Listed Transportation Companies 2.16x
Hong Kong Market PEG Ratio Median Figure of 463 Publicly-Listed Companies 0.87x

*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 AMS Public Transport Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on AMS Public Transport Holdings's assets?
Raw Data
SEHK:77 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in HKD HK$0.53
SEHK:77 Share Price * SEHK (2019-04-18) in HKD HK$0.93
Hong Kong Transportation Industry PB Ratio Median Figure of 7 Publicly-Listed Transportation Companies 1.03x
Hong Kong Market PB Ratio Median Figure of 2,149 Publicly-Listed Companies 1.03x
SEHK:77 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:77 Share Price ÷ Book Value per Share (both in HKD)

= 0.93 ÷ 0.53

1.75x

* Primary Listing of AMS Public Transport Holdings.

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

  • AMS Public Transport Holdings is overvalued based on assets compared to the HK Transportation industry average.
X
Value checks
We assess AMS Public Transport Holdings'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 Transportation 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 Transportation industry average (and greater than 0)? (1 check)
  5. AMS Public Transport Holdings has a total score of 0/6, 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.

77 Future Performance

 How is AMS Public Transport Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover AMS Public Transport Holdings, 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
50.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is AMS Public Transport Holdings expected to grow at an attractive rate?
  • AMS Public Transport Holdings's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • AMS Public Transport Holdings's earnings growth is expected to exceed the Hong Kong market average.
  • Unable to compare AMS Public Transport Holdings's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:77 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:77 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 50.9%
Hong Kong Transportation Industry Earnings Growth Rate Market Cap Weighted Average 2.8%
Asia Transportation Industry Revenue Growth Rate Market Cap Weighted Average 4.9%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.8%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 11.3%

*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:77 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 HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:77 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-09-30 388 32 -34
2018-06-30 386 30 -32
2018-03-31 384 27 -29
2017-12-31 381 27 -19
2017-09-30 379 27 -8
2017-06-30 378 33 11
2017-03-31 378 39 30
2016-12-31 377 44 32
2016-09-30 377 49 34
2016-06-30 374 47 32
2016-03-31 371 44 29
2015-12-31 366 40 12

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • AMS Public Transport Holdings's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if AMS Public Transport Holdings 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:77 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 AMS Public Transport Holdings Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:77 Past Financials Data
Date (Data in HKD Millions) EPS *
2018-09-30 -0.13
2018-06-30 -0.12
2018-03-31 -0.11
2017-12-31 -0.07
2017-09-30 -0.03
2017-06-30 0.04
2017-03-31 0.11
2016-12-31 0.12
2016-09-30 0.13
2016-06-30 0.12
2016-03-31 0.11
2015-12-31 0.04

*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 AMS Public Transport Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess AMS Public Transport Holdings'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 Asia 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.
AMS Public Transport Holdings has a total score of 3/6, 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.

77 Past Performance

  How has AMS Public Transport Holdings 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 AMS Public Transport Holdings's growth in the last year to its industry (Transportation).
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.
  • AMS Public Transport Holdings does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare AMS Public Transport Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare AMS Public Transport Holdings's 1-year growth to the HK Transportation industry average as it is not currently profitable.
Earnings and Revenue History
AMS Public Transport Holdings'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 AMS Public Transport Holdings Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:77 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 388.47 -34.06 39.09
2018-06-30 386.13 -31.68 39.38
2018-03-31 383.80 -29.30 39.68
2017-12-31 381.31 -18.65 39.71
2017-09-30 378.82 -8.00 39.74
2017-06-30 378.24 11.21 39.21
2017-03-31 377.66 30.42 38.68
2016-12-31 377.10 32.37 38.04
2016-09-30 376.54 34.32 37.40
2016-06-30 373.91 31.87 37.18
2016-03-31 371.28 29.43 36.97
2015-12-31 366.39 11.85 35.99
2015-09-30 361.51 -5.72 35.01
2015-06-30 358.98 -14.31 33.95
2015-03-31 356.45 -22.90 32.88
2014-12-31 356.86 -14.70 32.63
2014-09-30 357.27 -6.49 32.38
2014-06-30 357.36 -12.32 31.87
2014-03-31 357.45 -18.14 31.36
2013-12-31 357.30 -38.65 30.84
2013-09-30 357.16 -59.15 30.33
2013-06-30 357.95 -49.36 30.50
2013-03-31 358.73 -39.56 30.67
2012-12-31 356.32 -16.43 32.32
2012-09-30 353.91 6.71 33.97
2012-06-30 344.18 8.35 33.45

*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.
  • It is difficult to establish if AMS Public Transport Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if AMS Public Transport Holdings has efficiently used its assets last year compared to the HK Transportation industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if AMS Public Transport Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess AMS Public Transport Holdings'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 Transportation 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.
AMS Public Transport Holdings has a total score of 0/6, 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.

77 Health

 How is AMS Public Transport Holdings'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 AMS Public Transport Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • AMS Public Transport Holdings's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • AMS Public Transport Holdings's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of AMS Public Transport Holdings'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 not covered by short term assets, assets are 0.3x 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 AMS Public Transport Holdings Company Filings, last reported 6 months ago.

SEHK:77 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 144.24 154.57 29.24
2018-06-30 144.24 154.57 29.24
2018-03-31 189.38 159.44 38.85
2017-12-31 189.38 159.44 38.85
2017-09-30 198.98 158.30 28.70
2017-06-30 198.98 158.30 28.70
2017-03-31 261.94 175.73 63.05
2016-12-31 261.94 175.73 63.05
2016-09-30 247.59 145.88 45.43
2016-06-30 247.59 145.88 45.43
2016-03-31 253.68 142.02 66.70
2015-12-31 253.68 142.02 66.70
2015-09-30 234.90 142.69 57.74
2015-06-30 234.90 142.69 57.74
2015-03-31 237.39 147.42 49.89
2014-12-31 237.39 147.42 49.89
2014-09-30 255.01 152.11 49.56
2014-06-30 255.01 152.11 49.56
2014-03-31 269.25 156.74 56.44
2013-12-31 269.25 156.74 56.44
2013-09-30 272.56 161.33 56.48
2013-06-30 272.56 161.33 56.48
2013-03-31 316.45 156.12 64.41
2012-12-31 316.45 156.12 64.41
2012-09-30 365.36 160.03 59.48
2012-06-30 365.36 160.03 59.48
  • AMS Public Transport Holdings's level of debt (107.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (59.2% vs 107.2% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making AMS Public Transport Holdings has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making AMS Public Transport Holdings has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 36.7% per year.
X
Financial health checks
We assess AMS Public Transport Holdings'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. AMS Public Transport Holdings has a total score of 2/6, 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.

77 Dividends

 What is AMS Public Transport Holdings'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
0%
Current annual income from AMS Public Transport Holdings dividends.
If you bought HK$2,000 of AMS Public Transport Holdings shares you are expected to receive HK$0 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?
  • Unable to evaluate AMS Public Transport Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate AMS Public Transport Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:77 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
Asia Transportation Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 2.6%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 965 Stocks 3.4%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.1%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 1.9%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.3%

Industry and Market average data is calculated daily.

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

SEHK:77 Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2018-12-17 0.000 0.000
2018-11-29 0.000 0.000
2018-07-18 0.000 0.000
2018-06-29 0.000 0.000
2017-07-19 0.100 7.274
2017-06-29 0.100 6.388
2016-07-20 0.100 6.828
2016-06-28 0.100 7.028
2015-07-16 0.050 3.874
2015-06-05 0.050 3.601
2014-07-14 0.010 0.869
2014-06-23 0.010 0.959
2013-12-12 0.000 0.000
2013-11-28 0.000 0.000
2013-07-18 0.000 0.000
2013-06-27 0.000 0.000
2012-07-18 0.030 1.890
2012-06-28 0.030 1.771
2011-06-29 0.109 6.552
2010-07-15 0.100 6.764
2009-07-22 0.091 7.450
2009-04-22 0.091 8.663

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

  • Unable to perform a dividend volatility check as AMS Public Transport Holdings has not reported any payouts.
  • Unable to verify if AMS Public Transport Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of AMS Public Transport Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as AMS Public Transport Holdings has not reported any payouts.
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 AMS Public Transport Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 AMS Public Transport Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. AMS Public Transport Holdings has a total score of 0/6, see the detailed checks below.


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

77 Management

 What is the CEO of AMS Public Transport Holdings'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
Man Chan
COMPENSATION HK$4,348,000
AGE 54
TENURE AS CEO 14 years
CEO Bio

Mr. Chan Man Chun, MBA, CMILT has been the Chief Executive Officer at AMS Public Transport Holdings Ltd., a holding company of Chinalink Express Holdings Ltd., since April 1, 2005 and served as its General Manager. Mr. Chan joined AMS Public Transport Holdings Limited and its subsidiaries in July 1989. He is actively involved in the overall business operations and is responsible for the implementation of the corporate strategy of the Group. He is also a co-opted member of the Southern District Board. He is also a spokesperson of the Environmental Light Bus Alliance and the Hong Kong Scheduled (GMB) Licensee Association. He is the Chairman of the Southern District Football Team and Ap Lei Chau Area Community Hall/Centre Management Committee. He is a member of the Chartered Institute of Transport in Hong Kong and the Transport Department Public Light Bus Customer Facilities and Information Group. He serves as an Executive Director of AMS Public Transport Holdings. Mr. Chan graduated from the Hong Kong Polytechnic University with a Professional Diploma in Business Studies (Transport) and holds an MBA degree from Brighton University.

CEO Compensation
  • Man's compensation has increased whilst company is loss making.
  • Man's remuneration is higher than average for companies of similar size in Hong Kong.
Management Team Tenure

Average tenure and age of the AMS Public Transport Holdings management team in years:

14
Average Tenure
43
Average Age
  • The average tenure for the AMS Public Transport Holdings management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Vincent Wong

TITLE
Chairman
COMPENSATION
HK$1M
AGE
44

Man Chan

TITLE
CEO & Executive Director
COMPENSATION
HK$4M
AGE
54
TENURE
14 yrs

Sui Ng

TITLE
Finance Director & Executive Director
COMPENSATION
HK$750K
AGE
67

May Wong

TITLE
Human Resources Director
COMPENSATION
HK$963K
AGE
42
TENURE
15.6 yrs

Yu Wong

TITLE
Operations Manager
AGE
40

Ka Wong

TITLE
Company Secretary & Financial Controller
AGE
41
TENURE
13.8 yrs
Board of Directors Tenure

Average tenure and age of the AMS Public Transport Holdings board of directors in years:

7.8
Average Tenure
60.5
Average Age
  • The tenure for the AMS Public Transport Holdings board of directors is about average.
Board of Directors

Vincent Wong

TITLE
Chairman
COMPENSATION
HK$1M
AGE
44
TENURE
4.3 yrs

Man Chan

TITLE
CEO & Executive Director
COMPENSATION
HK$4M
AGE
54

Sui Ng

TITLE
Finance Director & Executive Director
COMPENSATION
HK$750K
AGE
67

May Wong

TITLE
Human Resources Director
COMPENSATION
HK$963K
AGE
42
TENURE
7.6 yrs

Allen Lee

TITLE
Independent Non-Executive Director
COMPENSATION
HK$336K
AGE
78
TENURE
15.1 yrs

Dorothy Chan

TITLE
Independent Non-Executive Director
COMPENSATION
HK$336K
AGE
68
TENURE
9.1 yrs

Ki Chi Kwong

TITLE
Independent Non-Executive Director
COMPENSATION
HK$336K
AGE
67
TENURE
8.1 yrs

Vivian Wong

TITLE
Non-Executive Director
COMPENSATION
HK$199K
AGE
48
TENURE
1.7 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by AMS Public Transport Holdings insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
02. Apr 19 Buy Sui Ng Individual 01. Apr 19 01. Apr 19 50,000 HK$0.97 HK$48,500
18. Sep 18 Buy Sui Ng Individual 17. Sep 18 17. Sep 18 20,000 HK$1.06 HK$21,240
10. Sep 18 Buy Sui Ng Individual 07. Sep 18 07. Sep 18 60,000 HK$1.08 HK$64,818
05. Sep 18 Buy Sui Ng Individual 04. Sep 18 04. Sep 18 50,000 HK$1.09 HK$54,300
29. Aug 18 Buy Sui Ng Individual 28. Aug 18 28. Aug 18 70,000 HK$1.18 HK$82,663
23. Aug 18 Buy Sui Ng Individual 22. Aug 18 22. Aug 18 30,000 HK$1.16 HK$34,881
01. Aug 18 Buy Sui Ng Individual 31. Jul 18 31. Jul 18 8,000 HK$1.22 HK$9,760
X
Management checks
We assess AMS Public Transport Holdings'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. AMS Public Transport Holdings 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.

77 News

Simply Wall St News

AMS Public Transport Holdings Limited (HKG:77): Time For A Financial Health Check

While small-cap stocks, such as AMS Public Transport Holdings Limited (HKG:77) with its market cap of HK$264m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … the current state of its operations and pathway to profitability.

Simply Wall St -

Some AMS Public Transport Holdings Shareholders Are Down 24%

For example, the AMS Public Transport Holdings Limited (HKG:77) share price is down 24% in the last year. … Given that AMS Public Transport Holdings didn't make a profit in the last twelve months, we'll focus on revenue growth to form a quick view of its business development. … AMS Public Transport Holdings grew its revenue by 2.5% over the last year.

Simply Wall St -

Does AMS Public Transport Holdings Limited's (HKG:77) CEO Pay Matter?

In 2005 Man Chan was appointed CEO of AMS Public Transport Holdings Limited (HKG:77). … First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Man Chan's Compensation Compare With Similar Sized Companies?

Simply Wall St -

How Much Of AMS Public Transport Holdings Limited (HKG:77) Do Insiders Own?

The big shareholder groups in AMS Public Transport Holdings Limited (HKG:77) have power over the company. … AMS Public Transport Holdings is a smaller company with a market capitalization of HK$256m, so it may still be flying under the radar of many institutional investors. … See our latest analysis for AMS Public Transport Holdings

Simply Wall St -

Should AMS Public Transport Holdings Limited’s (HKG:77) Weak Investment Returns Worry You?

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Understanding Return On Capital Employed (ROCE). … Analysts use this formula to calculate return on capital employed:

Simply Wall St -

How Many Insiders Bought AMS Public Transport Holdings Limited (HKG:77) Shares?

So we'll take a look at whether insiders have been buying or selling shares in AMS Public Transport Holdings Limited (HKG:77). … See our latest analysis for AMS Public Transport Holdings … AMS Public Transport Holdings Insider Transactions Over The Last Year

Simply Wall St -

Is AMS Public Transport Holdings Limited's (HKG:77) CEO Pay Justified?

In 2005 Man Chan was appointed CEO of AMS Public Transport Holdings Limited (HKG:77). … According to our data, AMS Public Transport Holdings Limited has a market capitalization of HK$264m, and pays its CEO total annual compensation worth HK$4m. … It would therefore appear that AMS Public Transport Holdings Limited pays Man Chan more than the median CEO remuneration at companies of a similar size, in the same market

Simply Wall St -

What You Must Know About AMS Public Transport Holdings Limited's (HKG:77) Financial Strength

While small-cap stocks, such as AMS Public Transport Holdings Limited (HKG:77) with its market cap of HK$272m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … the current state of its operations and pathway to profitability.

Simply Wall St -

Who Are AMS Public Transport Holdings Limited's (HKG:77) Major Shareholders?

In this article, I will take a quick look at AMS Public Transport Holdings Limited’s (HKG:77) recent ownership structure – an unconventional investing subject, but an important one. … When it comes to ownership structure of a company, the impact has been observed in both the long-and short-term performance of shares. … The implications of these institutions’ actions can either benefit or hinder individual investors, so it is important to understand the ownership composition of your stock investment.

Simply Wall St -

Why AMS Public Transport Holdings Limited's (HKG:77) CEO Salary Matters To You

Man Chun Chan took the reins as CEO of AMS Public Transport Holdings Limited's (HKG:77) and grew market cap to HK$339.89m recently. … Understanding how CEOs are incentivised to run and grow their company is an important aspect of investing in a stock. … See our latest analysis for AMS Public Transport Holdings

Simply Wall St -

77 Company Info

Description

AMS Public Transport Holdings Limited, an investment holding company, provides franchised public light bus (PLB) transportation services in Hong Kong. The company operates 69 franchised PLB routes with 361 PLBs; and 4 resident’s bus routes with 6 public buses. It also provides repair and maintenance services for PLBs; and hires PLBs. The company was founded in 1975 and is headquartered in Aberdeen, Hong Kong.

Details
Name: AMS Public Transport Holdings Limited
77
Exchange: SEHK
Founded: 1975
HK$252,879,090
271,913,000
Website: http://www.amspt.com
Address: AMS Public Transport Holdings Limited
Abba Commercial Building,
11th-12th Floor,
Aberdeen,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 77 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 26. Jan 2005
Number of employees
Current staff
Staff numbers
1,289
AMS Public Transport Holdings employees.
Industry
Trucking
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/21 12:47
End of day share price update: 2019/04/18 00:00
Last earnings filing: 2018/12/17
Last earnings reported: 2018/09/30
Last annual earnings reported: 2018/03/31


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.