Power Assets Holdings Limited, an investment holding company, generates, transmits, and distributes electricity in Hong Kong, the United Kingdom, Australia, Mainland China, and internationally.
Flawless balance sheet established dividend payer.
Share Price & News
How has Power Assets Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 6's share price has been volatile over the past 3 months.
7 Day Return
HK Electric Utilities
1 Year Return
HK Electric Utilities
Return vs Industry: 6 underperformed the Hong Kong Electric Utilities industry which returned -17.3% over the past year.
Return vs Market: 6 underperformed the Hong Kong Market which returned -5.2% over the past year.
Price Volatility Vs. Market
How volatile is Power Assets Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall StPower Assets Holdings Limited Just Missed Earnings And Its Revenue Numbers Were Particularly Weak
3 months ago | Simply Wall StWhat Kind Of Shareholders Own Power Assets Holdings Limited (HKG:6)?
10 months ago | Simply Wall StPower Assets Holdings Limited (HKG:6): Immense Growth Potential?
Is Power Assets Holdings undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 6 (HK$44.05) is trading below our estimate of fair value (HK$49.36)
Significantly Below Fair Value: 6 is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: 6 is good value based on its PE Ratio (13.2x) compared to the Electric Utilities industry average (13.2x).
PE vs Market: 6 is poor value based on its PE Ratio (13.2x) compared to the Hong Kong market (9.4x).
Price to Earnings Growth Ratio
PEG Ratio: 6 is poor value based on its PEG Ratio (17.1x)
Price to Book Ratio
PB vs Industry: 6 is overvalued based on its PB Ratio (1.1x) compared to the HK Electric Utilities industry average (1x).
How is Power Assets Holdings forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 6's forecast earnings growth (0.8% per year) is below the savings rate (1.6%).
Earnings vs Market: 6's earnings (0.8% per year) are forecast to grow slower than the Hong Kong market (16.9% per year).
High Growth Earnings: 6's earnings are forecast to grow, but not significantly.
Revenue vs Market: 6's revenue (2.7% per year) is forecast to grow slower than the Hong Kong market (10.6% per year).
High Growth Revenue: 6's revenue (2.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 6's Return on Equity is forecast to be low in 3 years time (8.2%).
How has Power Assets Holdings performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 6 has high quality earnings.
Growing Profit Margin: 6's current net profit margins are higher than last year .
Past Earnings Growth Analysis
Earnings Trend: 6's earnings have declined by -35.5% per year over the past 5 years.
Accelerating Growth: 6's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 6 had negative earnings growth (-6.6%) over the past year, making it difficult to compare to the Electric Utilities industry average (-6.6%).
Return on Equity
High ROE: 6's Return on Equity (8.3%) is considered low.
How is Power Assets Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: 6's short term assets (HK$5.0B) exceed its short term liabilities (HK$4.3B).
Long Term Liabilities: 6's short term assets (HK$5.0B) exceed its long term liabilities (HK$3.8B).
Debt to Equity History and Analysis
Debt Level: 6's debt to equity ratio (3.9%) is considered satisfactory.
Reducing Debt: 6's debt to equity ratio has reduced from 8.3% to 3.9% over the past 5 years.
Debt Coverage: 6's debt is well covered by operating cash flow (55.7%).
Interest Coverage: 6 earns more interest than it pays, so coverage of interest payments is not a concern.
What is Power Assets Holdings's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 6's dividend (6.36%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.44%).
High Dividend: 6's dividend (6.36%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.14%).
Stability and Growth of Payments
Stable Dividend: 6's dividends per share have been stable in the past 10 years.
Growing Dividend: 6's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (83.8%), 6's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 6's dividends in 3 years are forecast to be covered by earnings (83.1% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Charles Tsai (62yo)
Mr. Tsai Chao Chung, also known as Charles, BAppSc (Mech Eng), BSME, CPEng, has been the Chief Executive Officer and Executive Director of Power Assets Holdings Limited since January 29, 2014. Mr. Tsai ser ...
CEO Compensation Analysis
Compensation vs Market: Charles's total compensation ($USD634.77K) is about average for companies of similar size in the Hong Kong market ($USD768.24K).
Compensation vs Earnings: Charles's compensation has been consistent with company performance over the past year.
|Chairman of the Board||14.58yrs||HK$120.00k||no data|
|CEO & Executive Director||6.42yrs||HK$4.92m||0.00019% HK$178.6k|
|Executive Director||21.42yrs||HK$170.00k||no data|
|Executive Director||14.5yrs||HK$70.00k||no data|
|Executive Director||14.5yrs||HK$70.00k||no data|
|Executive Director||8yrs||HK$5.39m||no data|
|Non-Executive Director||26.08yrs||HK$70.00k||no data|
|Independent Non-Executive Director||35.08yrs||HK$160.00k||no data|
|Independent Non-Executive Director||6.42yrs||HK$140.00k||no data|
|Independent Non-Executive Director||6yrs||HK$70.00k||no data|
Experienced Board: 6's board of directors are seasoned and experienced ( 14.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Power Assets Holdings Limited's company bio, employee growth, exchange listings and data sources
- Name: Power Assets Holdings Limited
- Ticker: 6
- Exchange: SEHK
- Founded: 1976
- Industry: Electric Utilities
- Sector: Utilities
- Market Cap: HK$94.014b
- Shares outstanding: 2.13b
- Website: https://www.powerassets.com
Number of Employees
- Power Assets Holdings Limited
- Cheung Kong Center
- Unit 2005
- Hong Kong
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|HGKG.Y||OTCPK (Pink Sheets LLC)||SPONSORED ADR||US||USD||Jul 1981|
|HGKG.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||May 1983|
|HEH||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||May 1983|
|6||SEHK (The Stock Exchange of Hong Kong Ltd.)||Yes||Ordinary Shares||HK||HKD||May 1983|
|6||SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)||Yes||Ordinary Shares||HK||HKD||May 1983|
|6||SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)||Yes||Ordinary Shares||HK||HKD||May 1983|
Power Assets Holdings Limited, an investment holding company, generates, transmits, and distributes electricity in Hong Kong, the United Kingdom, Australia, Mainland China, and internationally. The company generates energy from thermal, wind, and waste sources. It also distributes gas; transmits oil; holds property; and provides consulting, financing, trust administration, and management services. The company has a generation capacity of 1,731 MW renewable energy/energy from waste, 3,968 MW gas fired, and 4,607 MW coal/oil fired; and operates 112,300 km of gas/oil pipeline, as well as 399,100 km of power network serving 19,083,000 customers. Power Assets Holdings Limited was incorporated in 1976 and is based in Central, Hong Kong.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/06/03 14:13|
|End of Day Share Price||2020/06/03 00:00|
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.