SEHK:77

Stock Analysis Report

AMS Public Transport Holdings

Executive Summary

AMS Public Transport Holdings Limited, an investment holding company, provides franchised public light bus (PLB) transportation services in Hong Kong.

Snowflake

Fundamentals

Imperfect balance sheet unattractive dividend payer.

Share Price & News

How has AMS Public Transport Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-2.2%

77

0.9%

HK Transportation

0.3%

HK Market


1 Year Return

-13.0%

77

10.8%

HK Transportation

1.3%

HK Market

Return vs Industry: 77 underperformed the Hong Kong Transportation industry which returned 10.8% over the past year.

Return vs Market: 77 underperformed the Hong Kong Market which returned 1.3% over the past year.


Shareholder returns

77IndustryMarket
7 Day-2.2%0.9%0.3%
30 Day-3.3%-3.2%0.5%
90 Day-11.2%-16.1%-4.6%
1 Year-5.2%-13.0%13.6%10.8%4.9%1.3%
3 Year-28.6%-41.2%4.5%-6.1%15.3%3.7%
5 Year5.6%-22.3%52.6%25.5%20.0%-0.006%

Price Volatility Vs. Market

How volatile is AMS Public Transport Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is AMS Public Transport Holdings undervalued compared to its fair value and its price relative to the market?

1.85x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: 77 (HK$0.87) is trading above our estimate of fair value (HK$0.68)

Significantly Below Fair Value: 77 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 77 is unprofitable, so we can't compare its PE Ratio to the Transportation industry average.

PE vs Market: 77 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 77's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 77 is overvalued based on its PB Ratio (1.8x) compared to the HK Transportation industry average (0.9x).


Next Steps

Future Growth

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

9.2%

Forecasted Transportation industry annual growth in earnings


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

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


Next Steps

Past Performance

How has AMS Public Transport Holdings performed over the past 5 years?

-20.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 77 is unprofitable, and losses have increased over the past 5 years at a rate of -20.4% per year.

Accelerating Growth: Unable to compare 77's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 77 is unprofitable, making it difficult to compare its past year earnings growth to the Transportation industry (-12.2%).


Return on Equity

High ROE: 77 has a negative Return on Equity (-33.76%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: 77 is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: 77 is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is AMS Public Transport Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 77's short term assets (HK$45.9M) do not cover its short term liabilities (HK$64.5M)

Long Term Liabilities: 77's short term assets (45.9M) do not cover its long term liabilities (122.1M)


Debt to Equity History and Analysis

Debt Level: 77's debt to equity ratio (116.8%) is considered high

Reducing Debt: 77's debt to equity ratio has increased from 58.2% to 116.8% over the past 5 years.


Balance Sheet

Inventory Level: 77 has a low level of unsold assets or inventory.

Debt Coverage by Assets: 77's debt is not covered by short term assets (assets are 0.3x debt).


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.

Stable Cash Runway: Whilst unprofitable 77 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: 77 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 4.9% per year.


Next Steps

Dividend

What is AMS Public Transport Holdings's current dividend yield, its reliability and sustainability?

9.20%

Current Dividend Yield


Dividend Yield vs Market

company9.2%marketbottom25%2.3%markettop25%6.2%industryaverage2.8%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: 77's dividend (9.2%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.26%).

High Dividend: 77's dividend (9.2%) is in the top 25% of dividend payers in the Hong Kong market (6.18%)

Stable Dividend: 77's dividend payments have been volatile in the past 10 years.

Growing Dividend: 77's dividend payments have fallen over the past 10 years.


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: 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 AMS Public Transport Holdings's salary, the management and board of directors tenure and is there insider trading?

14.5yrs

Average management tenure


CEO

Man Chun Chan (55yo)

14.5yrs

Tenure

HK$4,351,000

Compensation

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 ...


CEO Compensation Analysis

Compensation vs. Market: Man Chun's total compensation ($USD554.79K) is above average for companies of similar size in the Hong Kong market ($USD215.97K).

Compensation vs Earnings: Man Chun's compensation has increased whilst the company is unprofitable.


Management Age and Tenure

14.5yrs

Average Tenure

44yo

Average Age

Experienced Management: 77's management team is seasoned and experienced (14.5 years average tenure).


Board Age and Tenure

8.3yrs

Average Tenure

61.5yo

Average Age

Experienced Board: 77's board of directors are considered experienced (8.3 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

BuyHK$48,50002 Apr 19
Sui Chun Ng
EntityIndividual
Role
Member of the Board of Directors
Finance Director & Executive Director
Shares50,000
Max PriceHK$0.97

Ownership Breakdown


Management Team

  • Yu Fung Wong (41yo)

    Group Operations Manager

    • Tenure: 0yrs
  • Vincent Wong (45yo)

    Chairman of the Board

    • Tenure: 4.8yrs
    • Compensation: HK$1.16m
  • Sui Chun Ng (68yo)

    Finance Director & Executive Director

    • Tenure: 0yrs
    • Compensation: HK$1.01m
  • Man Chun Chan (55yo)

    CEO & Executive Director

    • Tenure: 14.5yrs
    • Compensation: HK$4.35m
  • Ka Yan Wong (42yo)

    Financial Controller & Company Secretary

    • Tenure: 14.3yrs
  • Maya Wong (43yo)

    Human Resources Director

    • Tenure: 8.1yrs
    • Compensation: HK$963.00k

Board Members

  • Allen Lee (79yo)

    Independent Non-Executive Director

    • Tenure: 15.6yrs
    • Compensation: HK$336.00k
  • Vincent Wong (45yo)

    Chairman of the Board

    • Tenure: 4.8yrs
    • Compensation: HK$1.16m
  • Sui Chun Ng (68yo)

    Finance Director & Executive Director

    • Tenure: 0yrs
    • Compensation: HK$1.01m
  • Man Chun Chan (55yo)

    CEO & Executive Director

    • Tenure: 14.5yrs
    • Compensation: HK$4.35m
  • Maya Wong (43yo)

    Human Resources Director

    • Tenure: 8.1yrs
    • Compensation: HK$963.00k
  • Ki Chi Kwong (68yo)

    Independent Non-Executive Director

    • Tenure: 8.6yrs
    • Compensation: HK$336.00k
  • Dorothy Chan (69yo)

    Independent Non-Executive Director

    • Tenure: 9.6yrs
    • Compensation: HK$336.00k
  • Vivian Wong (49yo)

    Non-Executive Director

    • Tenure: 2.2yrs
    • Compensation: HK$336.00k

Company Information

AMS Public Transport Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: AMS Public Transport Holdings Limited
  • Ticker: 77
  • Exchange: SEHK
  • Founded: 1975
  • Industry: Trucking
  • Sector: Transportation
  • Market Cap: HK$233.845m
  • Shares outstanding: 271.91m
  • Website: https://www.amspt.com

Number of Employees


Location

  • AMS Public Transport Holdings Limited
  • Abba Commercial Building
  • 11th-12th Floor
  • Aberdeen
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
77SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJan 2005

Biography

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 357 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/23 12:43
End of Day Share Price2019/10/23 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.