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Applied Development Holdings

OTCPK:ADHL.F
Snowflake Description

Fair value with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ADHL.F
OTCPK
HK$990M
Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

Applied Development Holdings Limited, an investment holding company, engages in resort and property development, and property investment activities. The last earnings update was 49 days ago. More info.


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ADHL.F Share Price and Events
7 Day Returns
-11.1%
OTCPK:ADHL.F
-5.8%
US Real Estate
-3.9%
US Market
1 Year Returns
-43.7%
OTCPK:ADHL.F
-14.8%
US Real Estate
1.4%
US Market
ADHL.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Applied Development Holdings (ADHL.F) -11.1% 0% - -43.7% 0% -46.7%
US Real Estate -5.8% -8.3% -7.1% -14.8% 21.3% 4.4%
US Market -3.9% -3.6% 1.8% 1.4% 35.8% 40.8%
1 Year Return vs Industry and Market
  • ADHL.F underperformed the Real Estate industry which returned -14.8% over the past year.
  • ADHL.F underperformed the Market in United States of America which returned 1.4% over the past year.
Price Volatility
ADHL.F
Industry
5yr Volatility vs Market

ADHL.F Value

 Is Applied Development 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 Applied Development 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 Applied Development Holdings.

OTCPK:ADHL.F 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 11.8%
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:ADHL.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%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 1.12
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.124 (1 + (1- 25%) (48.43%))
1.357
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.36
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.357 * 6.65%)
11.75%

Discounted Cash Flow Calculation for OTCPK:ADHL.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Applied Development 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.

OTCPK:ADHL.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 11.75%)
2019 43.02 Est @ 82.62% 38.50
2020 68.26 Est @ 58.65% 54.66
2021 96.84 Est @ 41.88% 69.39
2022 126.02 Est @ 30.13% 80.80
2023 153.64 Est @ 21.91% 88.15
2024 178.46 Est @ 16.16% 91.62
2025 200.11 Est @ 12.13% 91.93
2026 218.74 Est @ 9.31% 89.92
2027 234.78 Est @ 7.34% 86.37
2028 248.76 Est @ 5.95% 81.89
Present value of next 10 years cash flows HK$773.23
OTCPK:ADHL.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= HK$248.76 × (1 + 2.73%) ÷ (11.75% – 2.73%)
HK$2,832.47
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$2,832.47 ÷ (1 + 11.75%)10
HK$932.40
OTCPK:ADHL.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$773.23 + HK$932.40
HK$1,705.63
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$1,705.63 / 2,505.11
HK$0.68
OTCPK:ADHL.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:ADHL.F represents 0.10127x of SEHK:519
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.10127x
Value per Share
(Listing Adjusted, USD)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 0.68 x 0.10127
$0.07
Value per share (USD) From above. $0.07
Current discount Discount to share price of $0.04
= -1 x ($0.04 - $0.07) / $0.07
42%

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

Current Discount
Amount off the current price Applied Development Holdings is available for.
Intrinsic value
42%
Share price is $0.04 vs Future cash flow value of $0.06895
Current Discount Checks
For Applied Development Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Applied Development Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Applied Development Holdings's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Applied Development Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Applied Development Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:ADHL.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in HKD HK$0.02
SEHK:519 Share Price ** SEHK (2019-05-14) in HKD HK$0.4
United States of America Real Estate Industry PE Ratio Median Figure of 27 Publicly-Listed Real Estate Companies 16x
United States of America Market PE Ratio Median Figure of 3,087 Publicly-Listed Companies 17.79x

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

** Primary Listing of Applied Development Holdings.

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

= SEHK:519 Share Price ÷ EPS (both in HKD)

= 0.4 ÷ 0.02

20.15x

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

  • Applied Development Holdings is overvalued based on earnings compared to the US Real Estate industry average.
  • Applied Development Holdings is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Applied Development Holdings's expected growth come at a high price?
Raw Data
OTCPK:ADHL.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.15x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
17.3%per year
United States of America Real Estate Industry PEG Ratio Median Figure of 12 Publicly-Listed Real Estate Companies 0.34x
United States of America Market PEG Ratio Median Figure of 2,113 Publicly-Listed Companies 1.52x

*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 Applied Development Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Applied Development Holdings's assets?
Raw Data
OTCPK:ADHL.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in HKD HK$0.59
SEHK:519 Share Price * SEHK (2019-05-14) in HKD HK$0.4
United States of America Real Estate Industry PB Ratio Median Figure of 53 Publicly-Listed Real Estate Companies 1.45x
United States of America Market PB Ratio Median Figure of 5,195 Publicly-Listed Companies 1.83x
OTCPK:ADHL.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:519 Share Price ÷ Book Value per Share (both in HKD)

= 0.4 ÷ 0.59

0.67x

* Primary Listing of Applied Development Holdings.

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

  • Applied Development Holdings is good value based on assets compared to the US Real Estate industry average.
X
Value checks
We assess Applied Development 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 Real Estate 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 Real Estate industry average (and greater than 0)? (1 check)
  5. Applied Development Holdings 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.

ADHL.F Future Performance

 How is Applied Development Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Applied Development 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
17.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Applied Development Holdings expected to grow at an attractive rate?
  • Applied Development Holdings's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Applied Development Holdings's earnings growth is expected to exceed the United States of America market average.
  • Unable to compare Applied Development Holdings's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OTCPK:ADHL.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:ADHL.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 17.3%
United States of America Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 6.3%
United States of America Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 7.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*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
OTCPK:ADHL.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 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.
OTCPK:ADHL.F Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-12-31 7 24 50
2018-09-30 7 -44 30
2018-06-30 8 -111 11
2018-03-31 10 -63 129
2017-12-31 12 -16 247
2017-09-30 15 3 269
2017-06-30 17 21 291
2017-03-31 17 -6 327
2016-12-31 17 -33 364
2016-09-30 13 -35 367
2016-06-30 9 -37 370
2016-03-31 8 -21 219

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Applied Development Holdings's earnings are expected to grow by 17.3% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Applied Development 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
OTCPK:ADHL.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Applied Development Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:ADHL.F Past Financials Data
Date (Data in HKD Millions) EPS *
2018-12-31 0.02
2018-09-30 0.01
2018-06-30 0.00
2018-03-31 0.06
2017-12-31 0.11
2017-09-30 0.13
2017-06-30 0.14
2017-03-31 0.16
2016-12-31 0.17
2016-09-30 0.18
2016-06-30 0.19
2016-03-31 0.12

*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 Applied Development Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Applied Development 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 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.
Applied Development Holdings has a total score of 2/6, 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.

ADHL.F Past Performance

  How has Applied Development 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 Applied Development Holdings's growth in the last year to its industry (Real Estate).
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.
  • Applied Development Holdings has delivered over 20% year on year earnings growth in the past 5 years.
  • Applied Development Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Applied Development Holdings's 1-year earnings growth is negative, it can't be compared to the US Real Estate industry average.
Earnings and Revenue History
Applied Development 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 Applied Development Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:ADHL.F Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 6.79 49.51 32.17
2018-09-30 7.45 30.08 30.10
2018-06-30 8.11 10.64 28.04
2018-03-31 10.19 128.60 22.81
2017-12-31 12.27 246.57 17.58
2017-09-30 14.88 268.78 16.61
2017-06-30 17.49 290.98 15.64
2017-03-31 17.05 327.45 14.84
2016-12-31 16.60 363.92 14.04
2016-09-30 12.57 366.98 13.64
2016-06-30 8.54 370.04 13.25
2016-03-31 7.76 219.10 14.16
2015-12-31 6.99 68.16 15.06
2015-09-30 4.85 37.92 19.42
2015-06-30 2.72 7.68 23.77
2015-03-31 0.42 -44.01 31.84
2014-12-31 -1.87 -95.71 39.90
2014-09-30 -0.71 -95.89 38.96
2014-06-30 0.45 -96.07 38.01
2014-03-31 0.26 -55.30 34.90
2013-12-31 0.07 -14.52 31.79
2013-09-30 0.28 -8.40 28.50
2013-06-30 0.50 -2.27 25.21
2013-03-31 1.98 -10.46 24.29
2012-12-31 3.46 -18.65 23.37
2012-09-30 3.62 -31.77 23.64
2012-06-30 3.77 -44.88 23.91

*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.
  • Applied Development Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Applied Development Holdings used its assets less efficiently than the US Real Estate industry average last year based on Return on Assets.
  • It is difficult to establish if Applied Development 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 Applied Development 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 Real Estate 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.
Applied Development Holdings has a total score of 1/6, 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.

ADHL.F Health

 How is Applied Development 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 Applied Development Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Applied Development Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Applied Development Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Applied Development 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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.6x 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 Applied Development Holdings Company Filings, last reported 4 months ago.

OTCPK:ADHL.F Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,466.35 479.20 694.46
2018-09-30 1,466.35 479.20 694.46
2018-06-30 1,427.90 414.49 488.95
2018-03-31 1,427.90 414.49 488.95
2017-12-31 1,412.85 411.62 490.07
2017-09-30 1,412.85 411.62 490.07
2017-06-30 1,247.15 392.97 393.92
2017-03-31 1,247.15 392.97 393.92
2016-12-31 1,000.16 0.00 248.94
2016-09-30 1,000.16 0.00 248.94
2016-06-30 956.17 0.00 495.23
2016-03-31 956.17 0.00 495.23
2015-12-31 636.35 73.42 158.51
2015-09-30 636.35 73.42 158.51
2015-06-30 477.54 75.18 50.86
2015-03-31 477.54 75.18 50.86
2014-12-31 456.89 76.98 45.69
2014-09-30 456.89 76.98 45.69
2014-06-30 388.74 99.37 10.76
2014-03-31 388.74 99.37 10.76
2013-12-31 474.19 83.73 1.51
2013-09-30 474.19 83.73 1.51
2013-06-30 419.96 143.72 18.10
2013-03-31 419.96 143.72 18.10
2012-12-31 416.03 116.34 3.81
2012-09-30 416.03 116.34 3.81
2012-06-30 414.53 117.74 8.86
  • Applied Development Holdings's level of debt (32.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (17.7% vs 32.7% today).
  • Debt is not well covered by operating cash flow (4.9%, less than 20% of total debt).
  • Unable to confirm if the interest payments on Applied Development Holdings's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Applied Development 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. Applied Development Holdings has a total score of 3/6, 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.

ADHL.F Dividends

 What is Applied Development 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 Applied Development Holdings dividends.
If you bought $2,000 of Applied Development Holdings shares you are expected to receive $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 Applied Development Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Applied Development 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
OTCPK:ADHL.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 0 Analyst Estimates (S&P Global) See Below
United States of America Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 2.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1997 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
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.

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

  • Unable to perform a dividend volatility check as Applied Development Holdings has not reported any payouts.
  • Unable to verify if Applied Development Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Applied Development Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Applied Development 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 Applied Development Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Applied Development Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Applied Development 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.

ADHL.F Management

 What is the CEO of Applied Development 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
Chi Ping Yuen
COMPENSATION HK$1,115,017
AGE 39
TENURE AS CEO 2.7 years
CEO Bio

Mr. Chi Ping Yuen has been the Chief Executive Officer and Executive Director of Applied Development Holdings Limited since September 14, 2016. Mr. Yuen has been the Chief Operating Officer of Fullshare Holdings Limited since October 01, 2014. Mr. Yuen has been the Head of Investment and Legal of Fullshare International Group Limited since 2014. He has Over 12 years of experience practicing as a Lawyer in the PRC and Hong Kong and has extensive experience in corporate law, China-related public and private mergers and acquisitions and capital market transactions in real estate and hotel industry. He served as Special Counsel of Baker & McKenzie LLP, from 2007 to 2014 and in charge of the Shanghai office of securities business. He has been Independent Non-Executive Director of Sun Cheong Creative Development Holdings Limited since August 16, 2018. He has been a Non Executive Director of Hin Sang Group (International) Holding Co. Ltd. since July 4, 2016 and China High Speed Transmission Equipment Group Co., Ltd. since December 01, 2016. He is a Qualified Lawyer in both Hong Kong and England and Wales. Mr. Yuen obtained a bachelor's degree in Laws in 2001 and completed the PCLL programme in 2002 in the University of Hong Kong, then undertook his traineeship.

CEO Compensation
  • Chi Ping's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Chi Ping's remuneration is lower than average for companies of similar size in United States of America.
Management Team

Wei Rong Yao

TITLE
Chairman
COMPENSATION
HK$1M
AGE
47

Chi Ping Yuen

TITLE
CEO & Executive Director
COMPENSATION
HK$1M
AGE
39
TENURE
2.7 yrs

Tess Ng

TITLE
Financial Controller & Company Secretary
COMPENSATION
HK$1M
AGE
53
TENURE
5.5 yrs
Board of Directors Tenure

Average tenure and age of the Applied Development Holdings board of directors in years:

2.7
Average Tenure
50
Average Age
  • The average tenure for the Applied Development Holdings board of directors is less than 3 years, this suggests a new board.
Board of Directors

Wei Rong Yao

TITLE
Chairman
COMPENSATION
HK$1M
AGE
47
TENURE
1.4 yrs

Chi Ping Yuen

TITLE
CEO & Executive Director
COMPENSATION
HK$1M
AGE
39
TENURE
2.7 yrs

Chi Keung Lau

TITLE
Independent Non-Executive Director
COMPENSATION
HK$240K
AGE
69
TENURE
2.7 yrs

Michael Yu

TITLE
Independent Non-Executive Director
COMPENSATION
HK$240K
AGE
53
TENURE
2.7 yrs

Calvin Chiu

TITLE
Independent Non-Executive Director
COMPENSATION
HK$240K
AGE
41
TENURE
2.7 yrs

Shun Gen Guo

TITLE
Non-Executive Director
COMPENSATION
HK$138K
AGE
55
TENURE
1.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Applied Development 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. Applied Development 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.

ADHL.F News

Simply Wall St News

ADHL.F Company Info

Description

Applied Development Holdings Limited, an investment holding company, engages in resort and property development, and property investment activities. It also provides administrative and secretarial services; and invests in equity securities and commercial properties. The company operates primarily in Hong Kong, Singapore, and the People’s Republic of China. Applied Development Holdings Limited was founded in 1975 and is based in Wanchai, Hong Kong.

Details
Name: Applied Development Holdings Limited
ADHL.F
Exchange: OTCPK
Founded: 1975
HK$126,058,872
2,505,105,739
Website: http://www.applieddev.com
Address: Applied Development Holdings Limited
Harcourt House,
Suite 803, 8th Floor,
Wanchai,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 519 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 02. Jan 1992
OTCPK ADHL.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
Number of employees
Current staff
Staff numbers
40
Applied Development Holdings employees.
Industry
Diversified Real Estate Activities
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/16 01:54
End of day share price update: 2019/05/14 00:00
Last earnings filing: 2019/03/28
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


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.