Power Assets Holdings Limited, an investment holding company, generates, transmits, and distributes electricity in Hong Kong, the United Kingdom, Australia, Mainland China, and internationally.
Power Assets Holdings Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||HK$46.25|
|52 Week High||HK$39.20|
|52 Week Low||HK$51.35|
|1 Month Change||-6.94%|
|3 Month Change||-3.85%|
|1 Year Change||10.38%|
|3 Year Change||-16.29%|
|5 Year Change||-39.82%|
|Change since IPO||232.73%|
Recent News & Updates
|6||HK Electric Utilities||HK Market|
Return vs Industry: 6 exceeded the Hong Kong Electric Utilities industry which returned 5.8% over the past year.
Return vs Market: 6 exceeded the Hong Kong Market which returned 5.2% over the past year.
Stable Share Price: 6 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: 6's weekly volatility (2%) has been stable over the past year.
About the Company
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, renewable energy, and waste sources. It also distributes gas; transmits oil; holds property and deposits; and provides consulting, investing, trust administration, and management services.
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$46.25) is trading below our estimate of fair value (HK$64.97)
Significantly Below Fair Value: 6 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 6 is poor value based on its PE Ratio (15.5x) compared to the Hong Kong Electric Utilities industry average (15.1x).
PE vs Market: 6 is poor value based on its PE Ratio (15.5x) compared to the Hong Kong market (10x).
Price to Earnings Growth Ratio
PEG Ratio: 6 is poor value based on its PEG Ratio (3.5x)
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 (4.4% per year) is above the savings rate (1.5%).
Earnings vs Market: 6's earnings (4.4% per year) are forecast to grow slower than the Hong Kong market (17.1% per year).
High Growth Earnings: 6's earnings are forecast to grow, but not significantly.
Revenue vs Market: 6's revenue (1% per year) is forecast to grow slower than the Hong Kong market (12.3% per year).
High Growth Revenue: 6's revenue (1% 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 (8.3%).
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 4.2% per year over the past 5 years.
Accelerating Growth: 6's earnings growth over the past year (13.9%) exceeds its 5-year average (-4.2% per year).
Earnings vs Industry: 6 earnings growth over the past year (13.9%) exceeded the Electric Utilities industry 7.3%.
Return on Equity
High ROE: 6's Return on Equity (7.4%) is considered low.
How is Power Assets Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: 6's short term assets (HK$3.9B) exceed its short term liabilities (HK$3.7B).
Long Term Liabilities: 6's short term assets (HK$3.9B) do not cover its long term liabilities (HK$4.5B).
Debt to Equity History and Analysis
Debt Level: 6's debt to equity ratio (4.2%) is considered satisfactory.
Reducing Debt: 6's debt to equity ratio has reduced from 7.5% to 4.2% over the past 5 years.
Debt Coverage: 6's debt is well covered by operating cash flow (23.3%).
Interest Coverage: 6's interest payments on its debt are well covered by EBIT (18.7x coverage).
What is Power Assets Holdings's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 6's dividend (6.1%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.25%).
High Dividend: 6's dividend (6.1%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.76%).
Stability and Growth of Payments
Stable Dividend: 6's dividends per share have been stable in the past 10 years.
Growing Dividend: 6's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (94.4%), 6's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 6's dividends in 3 years are forecast to be covered by earnings (82.3% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Charles Tsai (64 yo)
Mr. Tsai Chao Chung, also known as Charles, BAppSc (Mech Eng), BSME, CPEng, has been the Chief Executive Officer and Executive Director of Power Assets Holdings Limited since January 29, 2014. Mr. Tsai ser...
CEO Compensation Analysis
Compensation vs Market: Charles's total compensation ($USD629.71K) is below average for companies of similar size in the Hong Kong market ($USD1.04M).
Compensation vs Earnings: Charles's compensation has been consistent with company performance over the past year.
Experienced Board: 6's board of directors are seasoned and experienced ( 12.5 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 employee growth, exchange listings and data sources
- Name: Power Assets Holdings Limited
- Ticker: 6
- Exchange: SEHK
- Founded: 1889
- Industry: Electric Utilities
- Sector: Utilities
- Market Cap: HK$98.710b
- Shares outstanding: 2.13b
- Website: https://www.powerassets.com
Number of Employees
- Power Assets Holdings Limited
- Cheung Kong Center
- Unit 2005
- Hong Kong
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/19 10:02|
|End of Day Share Price||2021/09/17 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.