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HICL Infrastructure

OTCPK:HICL.F
Snowflake Description

6 star dividend payer with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HICL.F
OTCPK
£3B
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

HICL Infrastructure Company Limited specializes in direct and fund of funds investments. The last earnings update was 124 days ago. More info.


Add to Portfolio Compare Print
  • HICL Infrastructure is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
HICL.F Share Price and Events
7 Day Returns
0%
OTCPK:HICL.F
-4%
US Capital Markets
-1.1%
US Market
1 Year Returns
-
OTCPK:HICL.F
-10%
US Capital Markets
6.4%
US Market
HICL.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
HICL Infrastructure (HICL.F) 0% - - - - -
US Capital Markets -4% -4.2% 11.1% -10% 51.8% 54.4%
US Market -1.1% 0.3% 17.2% 6.4% 37.9% 42.1%
1 Year Return vs Industry and Market
  • No trading data on HICL.F.
  • No trading data on HICL.F.
Price Volatility
HICL.F
Industry
5yr Volatility vs Market

Value

 Is HICL Infrastructure 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 HICL Infrastructure 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 HICL Infrastructure.

OTCPK:HICL.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= £1.49 * 7.1%
£0.11
Book Value of Equity per Share Median Book Value from the past 5 years. £1.49
Discount Rate (Cost of Equity) See below 8.1%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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 OTCPK:HICL.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6.7%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.718 (1 + (1- 19%) (0%))
0.811
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.81
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.811 * 6.65%)
8.12%

Discounted Cash Flow Calculation for OTCPK:HICL.F using Excess Returns Model Model

The calculations below outline how an intrinsic value for HICL Infrastructure is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

OTCPK:HICL.F Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (7.1% – 8.12%) * £1.49)
£-0.02
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= £-0.02 / (8.12% - 2.73%)
£-0.29
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= £1.49 + £-0.29
£1.2
OTCPK:HICL.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:HICL.F represents 1.34555x of LSE:HICL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.34555x
Value per Share
(Listing Adjusted, USD)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 1.20 x 1.34555
$1.61
Value per share (USD) From above. $1.61
Current discount Discount to share price of $2.13
= -1 x ($2.13 - $1.61) / $1.61
-32.2%

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

  • The current share price of HICL Infrastructure 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 HICL Infrastructure's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are HICL Infrastructure's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:HICL.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in GBP £0.13
LSE:HICL Share Price ** LSE (2019-03-12) in GBP £1.58
United States of America Capital Markets Industry PE Ratio Median Figure of 77 Publicly-Listed Capital Markets Companies 24.51x
United States of America Market PE Ratio Median Figure of 3,062 Publicly-Listed Companies 17.16x

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

** Primary Listing of HICL Infrastructure.

OTCPK:HICL.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:HICL Share Price ÷ EPS (both in GBP)

= 1.58 ÷ 0.13

12.49x

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

  • HICL Infrastructure is good value based on earnings compared to the US Capital Markets industry average.
  • HICL Infrastructure is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does HICL Infrastructure's expected growth come at a high price?
Raw Data
OTCPK:HICL.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.49x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
United States of America Capital Markets Industry PEG Ratio Median Figure of 33 Publicly-Listed Capital Markets Companies 1.85x
United States of America Market PEG Ratio Median Figure of 2,105 Publicly-Listed Companies 1.44x

*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 HICL Infrastructure, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on HICL Infrastructure's assets?
Raw Data
OTCPK:HICL.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in GBP £1.56
LSE:HICL Share Price * LSE (2019-03-12) in GBP £1.58
United States of America Capital Markets Industry PB Ratio Median Figure of 153 Publicly-Listed Capital Markets Companies 5.04x
United States of America Market PB Ratio Median Figure of 5,165 Publicly-Listed Companies 1.85x
OTCPK:HICL.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:HICL Share Price ÷ Book Value per Share (both in GBP)

= 1.58 ÷ 1.56

1.01x

* Primary Listing of HICL Infrastructure.

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

  • HICL Infrastructure is good value based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess HICL Infrastructure'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 Capital Markets 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 Capital Markets industry average (and greater than 0)? (1 check)
  5. HICL Infrastructure has a total score of 3/6, 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.

Future Performance

 How is HICL Infrastructure expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
6.6%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is HICL Infrastructure expected to grow at an attractive rate?
  • Unable to compare HICL Infrastructure's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare HICL Infrastructure's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare HICL Infrastructure's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OTCPK:HICL.F Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 6.6%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.2%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*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
OTCPK:HICL.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:HICL.F Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 188
2020-03-31 183
2019-03-31 174
OTCPK:HICL.F Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-09-30 230 137 227
2018-06-30 177 134 174
2018-03-31 124 131 122
2017-12-31 153 126 150
2017-09-30 181 121 179
2017-06-30 180 114 178
2017-03-31 179 107 177
2016-12-31 193 112 174
2016-09-30 197 107 171
2016-06-30 190 106 164
2016-03-31 183 104 157
2015-12-31 180 96 164

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if HICL Infrastructure is high growth as no earnings estimate data is available.
  • Unable to determine if HICL Infrastructure 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
OTCPK:HICL.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from HICL Infrastructure Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:HICL.F Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31
2020-03-31
2019-03-31
OTCPK:HICL.F Past Financials Data
Date (Data in GBP Millions) EPS *
2018-09-30 0.13
2018-06-30 0.10
2018-03-31 0.07
2017-12-31 0.09
2017-09-30 0.11
2017-06-30 0.12
2017-03-31 0.12
2016-12-31 0.12
2016-09-30 0.12
2016-06-30 0.12
2016-03-31 0.12
2015-12-31 0.13

*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.
  • HICL Infrastructure is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess HICL Infrastructure'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
HICL Infrastructure has a total score of 0/6, 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.

Past Performance

  How has HICL Infrastructure 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 HICL Infrastructure's growth in the last year to its industry (Capital Markets).
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.
  • HICL Infrastructure's year on year earnings growth rate has been positive over the past 5 years.
  • HICL Infrastructure's 1-year earnings growth exceeds its 5-year average (26.6% vs 1.9%)
  • HICL Infrastructure's earnings growth has not exceeded the US Capital Markets industry average in the past year (26.6% vs 35.7%).
Earnings and Revenue History
HICL Infrastructure'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 HICL Infrastructure Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:HICL.F Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 229.50 226.80 2.70
2018-06-30 176.80 174.30 2.50
2018-03-31 124.10 121.80 2.30
2017-12-31 152.50 150.45 2.05
2017-09-30 180.90 179.10 1.80
2017-06-30 179.75 177.95 1.80
2017-03-31 178.60 176.80 1.80
2016-12-31 193.10 173.85 17.40
2016-09-30 196.70 170.90 22.00
2016-06-30 189.75 164.05 21.90
2016-03-31 182.80 157.20 21.80
2015-12-31 179.80 163.85 10.75
2015-09-30 187.70 170.50 10.70
2015-06-30 220.60 200.65 15.00
2015-03-31 253.50 230.80 19.30
2014-12-31 280.45 222.50 18.10
2014-09-30 307.40 214.20 16.90
2014-06-30 238.35 183.90 17.15
2014-03-31 169.30 153.60 17.40
2013-12-31 41.00 121.05 16.40
2013-09-30 -87.30 88.50 15.40
2013-06-30 -43.65 90.75 15.10
2013-03-31 93.00 14.80
2012-12-31 182.75 82.50 19.80
2012-09-30 175.10 99.80 19.60
2012-06-30 162.50 91.30 18.45
2012-03-31 149.90 82.80 17.30

*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.
  • HICL Infrastructure has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • HICL Infrastructure used its assets more efficiently than the US Capital Markets industry average last year based on Return on Assets.
  • HICL Infrastructure's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess HICL Infrastructure'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 Capital Markets 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.
HICL Infrastructure has a total score of 3/6, 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.

Health

 How is HICL Infrastructure'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 HICL Infrastructure's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • HICL Infrastructure's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • HICL Infrastructure has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of HICL Infrastructure'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.
  • HICL Infrastructure has no debt, it does not need to be covered by short term assets.
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 HICL Infrastructure Company Filings, last reported 5 months ago.

OTCPK:HICL.F Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 2,799.20 0.00 0.20
2018-06-30 2,799.20 0.00 0.20
2018-03-31 2,677.10 0.00 0.70
2017-12-31 2,677.10 0.00 0.70
2017-09-30 2,711.30 0.00 0.60
2017-06-30 2,711.30 0.00 0.60
2017-03-31 2,419.40 0.00 0.90
2016-12-31 2,419.40 0.00 0.90
2016-09-30 2,123.40 0.00 0.60
2016-06-30 2,123.40 0.00 0.60
2016-03-31 1,973.90 0.00 52.70
2015-12-31 1,973.90 0.00 52.70
2015-09-30 1,849.70 26.50 37.60
2015-06-30 1,849.70 26.50 37.60
2015-03-31 1,732.90 0.00 33.50
2014-12-31 1,732.90 0.00 33.50
2014-09-30 1,651.20 0.00 29.50
2014-06-30 1,651.20 0.00 29.50
2014-03-31 1,529.50 0.00 43.50
2013-12-31 1,529.50 0.00 43.50
2013-09-30 1,417.00 1,923.40 193.70
2013-06-30 1,417.00 1,923.40 193.70
2013-03-31 1,334.70 26.90 173.70
2012-12-31 1,319.70 2,290.80 327.40
2012-09-30 1,089.20 1,496.30 146.50
2012-06-30 1,089.20 1,496.30 146.50
2012-03-31 1,033.30 1,808.20 373.70
  • HICL Infrastructure has no debt.
  • HICL Infrastructure has no debt compared to 5 years ago when it was 134.1%.
  • HICL Infrastructure has no debt, it does not need to be covered by operating cash flow.
  • HICL Infrastructure has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess HICL Infrastructure'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. HICL Infrastructure has a total score of 5/6, 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.

Dividends

 What is HICL Infrastructure'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
5.08%
Current annual income from HICL Infrastructure dividends. Estimated to be 5.21% next year.
If you bought $2,000 of HICL Infrastructure shares you are expected to receive $102 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?
  • HICL Infrastructure's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).
  • HICL Infrastructure's dividend is above the markets top 25% of dividend payers in United States of America (3.72%).
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
OTCPK:HICL.F 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 1 Analyst Estimates (S&P Global) See Below
United States of America Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 43 Stocks 2.1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2003 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.9%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

OTCPK:HICL.F Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2021-03-31 0.08 1.00
2020-03-31 0.08 1.00
2019-03-31 0.08 1.00
OTCPK:HICL.F Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-02-12 0.080 4.891
2018-11-14 0.080 5.030
2018-07-18 0.080 5.128
2018-05-16 0.079 5.484
2018-02-21 0.078 5.560
2017-11-16 0.078 5.125
2017-07-18 0.078 4.908
2017-05-18 0.077 4.643
2017-02-22 0.076 4.526
2016-06-03 0.075 4.409
2016-05-18 0.075 4.557
2015-05-14 0.075 4.839
2015-02-18 0.072 4.649
2014-11-14 0.072 4.750
2014-07-23 0.072 4.985
2014-05-13 0.071 5.102
2013-11-14 0.071 5.219
2013-02-22 0.070 5.380
2012-05-23 0.069 5.581
2011-05-24 0.067 5.705
2011-05-23 0.067 5.572
2010-11-16 0.067 5.689
2010-05-25 0.066 5.705
2009-03-31 0.064 5.593
2009-03-26 0.063 5.556

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of HICL Infrastructure's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.8x coverage).
X
Income/ dividend checks
We assess HICL Infrastructure's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 HICL Infrastructure afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. HICL Infrastructure has a total score of 6/6, see the detailed checks below.


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

Management

 What is the CEO of HICL Infrastructure'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
Werner von Guionneau
CEO Bio

Mr. Werner M. F. von Guionneau serves as the Chief Executive Officer at InfraRed Capital Partners Limited, HSBC Infrastructure Fund III, HICL Infrastructure Company Limited and InfraRed Capital Partners. Mr. von Guionneau joined Charterhouse (now InfraRed) in 1995 having previously held roles in Property Investment, Corporate Finance and Private Equity in the U.S. and Germany. As Joint Chief Executive of Charterhouse Bank, he restructured it into a private equity investment business focusing on infrastructure and real estate. Since then, Mr. von Guionneau has focused on developing strategy and driving the evolution and growth of the business and has been closely involved in selecting and monitoring investments. He serves as a Director of Infrared Infrastructure Yield Holdings Ltd. He studied Business Administration and Economics at the University of St. Gallen, Switzerland and worked as a research fellow at Harvard Business School.

CEO Compensation
  • Insufficient data for Werner to compare compensation growth.
  • Insufficient data for Werner to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team

Werner von Guionneau

TITLE
Chief Executive Officer

Chris Gill

TITLE
Deputy Chief Executive
Board of Directors Tenure

Average tenure and age of the HICL Infrastructure board of directors in years:

5.8
Average Tenure
67
Average Age
  • The tenure for the HICL Infrastructure board of directors is about average.
Board of Directors

Ian S. Russell

TITLE
Chairman
COMPENSATION
£29K
AGE
66

Graham Picken

TITLE
Director
AGE
69
TENURE
13.2 yrs

John Hallam

TITLE
Senior Independent Director
COMPENSATION
£37K
AGE
70

Chris Russell

TITLE
Director
COMPENSATION
£32K
AGE
69
TENURE
8.8 yrs

Susie Farnon

TITLE
Director
COMPENSATION
£29K
AGE
58
TENURE
5.8 yrs

Simon Holden

TITLE
Non-Executive Director
AGE
42
TENURE
3.2 yrs

Frank Nelson

TITLE
Non-Executive Director
AGE
67
TENURE
4.8 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by HICL Infrastructure insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
22. Mar 19 Buy Keith Pickard Individual 20. Mar 19 20. Mar 19 19,825 $2.12 $41,993
05. Mar 19 Buy Harry Seekings Individual 01. Mar 19 01. Mar 19 9,263 $2.19 $20,324
05. Mar 19 Buy Keith Pickard Individual 01. Mar 19 01. Mar 19 21,635 $2.19 $47,469
11. Dec 18 Buy Anthony Roper Individual 10. Dec 18 10. Dec 18 8,000 $1.93 $15,468
06. Dec 18 Buy Simon Holden Individual 06. Dec 18 06. Dec 18 6,662 $1.91 $12,744
22. Jun 18 Buy Harry Seekings Individual 22. Jun 18 22. Jun 18 35,326 $1.88 $66,322
22. Jun 18 Buy Harry Seekings Individual 22. Jun 18 22. Jun 18 7,053 $1.88 $13,251
29. May 18 Buy Anthony Roper Individual 25. May 18 25. May 18 30,000 $1.90 $56,998
26. Mar 18 Buy Sally-Ann Farnon Individual 26. Mar 18 26. Mar 18 20,000 $1.93 $38,678
X
Management checks
We assess HICL Infrastructure'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. HICL Infrastructure 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.

News

Simply Wall St News

Company Info

Description

HICL Infrastructure Company Limited specializes in direct and fund of funds investments. For direct investments, it seeks to invest in infrastructure projects. It invests in project companies which have not yet completed the construction phases of their concessions including project companies which are in the process of bidding for project concessions. The fund also invests project companies with ‘demand’ based concessions and project companies which do not have public sector sponsored/awarded or government backed concessions. It seeks to invest in PFI, PPP, P3, social infrastructure projects, toll roads, bridges, and tunnels, airports, ports, utilities, communication networks, and renewables. The fund makes fund of funds investments in limited partnerships and other funds that make infrastructure investments and financial instruments and securities issued by companies that make infrastructure investments, or whose activities are similar or comparable to infrastructure investments. The fund invests in European Union, Norway, Switzerland, North America, South America, and selected territories in Asia and Australasia.

Details
Name: HICL Infrastructure Company Limited
HICL.F
Exchange: OTCPK
Founded: 2006
£3,748,595,459
1,791,142,767
Website: http://www.hicl.hsbc.com
Address: HICL Infrastructure Company Limited
12 Charles II Street,
London,
Greater London, SW1Y 4QU,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE HICL Ordinary Shares London Stock Exchange GB GBP 29. Mar 2006
OTCPK HICL.F Ordinary Shares Pink Sheets LLC US USD 29. Mar 2006
DB 1Y8 Ordinary Shares Deutsche Boerse AG DE EUR 29. Mar 2006
BATS-CHIXE HICLL Ordinary Shares BATS 'Chi-X Europe' GB GBP 29. Mar 2006
Number of employees
Current staff
Staff numbers
0
HICL Infrastructure employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/25 00:25
End of day share price update: 2019/03/12 00:00
Last estimates confirmation: 2019/02/06
Last earnings filing: 2018/11/21
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.