OTCPK:AUHE.F

Stock Analysis Report

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Executive Summary

Anhui Expressway Company Limited constructs, operates, manages, and develops toll roads and associated service sections in Anhui province, the People's Republic of China. More Details

Rewards

PE ratio (7.9x) is below the US market (18.1x)

Earnings are forecast to grow 36.36% per year

Pays a high and reliable dividend of 7.32%

Risk Analysis

No risks detected for AUHE.F from our risk checks.


Snowflake Analysis

6 star dividend payer with excellent balance sheet.

Share Price & News

How has Anhui Expressway's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: AUHE.F has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

AUHE.F

-8.0%

US Infrastructure

-4.6%

US Market


1 Year Return

n/a

AUHE.F

-39.8%

US Infrastructure

11.5%

US Market

Return vs Industry: Insufficient data to determine how AUHE.F performed against the US Infrastructure industry.

Return vs Market: Insufficient data to determine how AUHE.F performed against the US Market.


Shareholder returns

AUHE.FIndustryMarket
7 Day0%-8.0%-4.6%
30 Day0%-5.8%-0.9%
90 Dayn/a-18.4%2.2%
1 Yearn/a-37.3%-39.8%14.0%11.5%
3 Yearn/a-51.5%-62.3%34.5%25.6%
5 Yearn/a-51.3%-66.9%73.0%53.6%

Price Volatility Vs. Market

How volatile is Anhui Expressway's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Anhui Expressway undervalued compared to its fair value and its price relative to the market?

7.91x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: AUHE.F ($0.46) is trading above our estimate of fair value ($0.28)

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


Price To Earnings Ratio

PE vs Industry: AUHE.F is good value based on its PE Ratio (7.9x) compared to the XX Infrastructure industry average (16.4x).

PE vs Market: AUHE.F is good value based on its PE Ratio (7.9x) compared to the US market (18.1x).


Price to Earnings Growth Ratio

PEG Ratio: AUHE.F is good value based on its PEG Ratio (0.2x)


Price to Book Ratio

PB vs Industry: AUHE.F's PB Ratio (0.5x) is in line with the US Infrastructure industry average.


Next Steps

Future Growth

How is Anhui Expressway forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

36.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AUHE.F's forecast earnings growth (36.4% per year) is above the savings rate (2.2%).

Earnings vs Market: AUHE.F's earnings (36.4% per year) are forecast to grow faster than the US market (22% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: AUHE.F's revenue (19.2% per year) is forecast to grow faster than the US market (10% per year).

High Growth Revenue: AUHE.F's revenue (19.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: AUHE.F's Return on Equity is forecast to be low in 3 years time (10.2%).


Next Steps

Past Performance

How has Anhui Expressway performed over the past 5 years?

1.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AUHE.F has high quality earnings.

Growing Profit Margin: AUHE.F's current net profit margins (28.7%) are lower than last year (37.6%).


Past Earnings Growth Analysis

Earnings Trend: AUHE.F's earnings have grown by 1.3% per year over the past 5 years.

Accelerating Growth: AUHE.F's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: AUHE.F had negative earnings growth (-40.9%) over the past year, making it difficult to compare to the Infrastructure industry average (-21.4%).


Return on Equity

High ROE: AUHE.F's Return on Equity (4.9%) is considered low.


Next Steps

Financial Health

How is Anhui Expressway's financial position?


Financial Position Analysis

Short Term Liabilities: AUHE.F's short term assets (CN¥3.1B) exceed its short term liabilities (CN¥2.6B).

Long Term Liabilities: AUHE.F's short term assets (CN¥3.1B) exceed its long term liabilities (CN¥2.3B).


Debt to Equity History and Analysis

Debt Level: AUHE.F's debt to equity ratio (27%) is considered satisfactory.

Reducing Debt: AUHE.F's debt to equity ratio has increased from 24.6% to 27% over the past 5 years.

Debt Coverage: AUHE.F's debt is well covered by operating cash flow (40.4%).

Interest Coverage: AUHE.F's interest payments on its debt are well covered by EBIT (27.9x coverage).


Balance Sheet


Next Steps

Dividend

What is Anhui Expressway current dividend yield, its reliability and sustainability?

7.32%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: AUHE.F's dividend (7.32%) is higher than the bottom 25% of dividend payers in the US market (1.71%).

High Dividend: AUHE.F's dividend (7.32%) is in the top 25% of dividend payers in the US market (4.86%)


Stability and Growth of Payments

Stable Dividend: AUHE.F's dividends per share have been stable in the past 10 years.

Growing Dividend: AUHE.F's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (57.9%), AUHE.F's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: AUHE.F's dividends in 3 years are forecast to be well covered by earnings (36.1% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.6yrs

Average management tenure


CEO

Jun Tang (50 yo)

0.17

Tenure

Mr. Jun Tang serves Executive Director at Anhui Expressway Company Limited since August 17, 2020 and its General Manager since August 17, 2020.


Leadership Team

NamePositionTenureCompensationOwnership
Huimin Li
Deputy General Manager4.83yrsCN¥486.00kno data
Jiping Chen
Members of Supervisory Committee0.17yrCN¥486.00kno data
Xinyu Xie
Deputy GM6.17yrsCN¥486.00kno data
Huihui Dong
Secretary to the Boardno dataCN¥453.00kno data
Xiaolong Xiang
Executive Chairman of the Board0.67yrno datano data
Jun Tang
GM & Executive Director0.17yrno datano data
Xiaoguang Yang
Vice Chairman of the Board0.17yrno datano data
Guangzhuo Xiao
Manager of the Financial Departmentno datano datano data
Ping Deng
Deputy General Manager0.25yrno datano data

3.6yrs

Average Tenure

52.5yo

Average Age

Experienced Management: AUHE.F's management team is considered experienced (3.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jiping Chen
Members of Supervisory Committee0.17yrCN¥486.00kno data
Xinyu Xie
Deputy GM6.17yrsCN¥486.00kno data
Huihui Dong
Secretary to the Boardno dataCN¥453.00kno data
Xiaolong Xiang
Executive Chairman of the Board0.67yrno datano data
Jun Tang
GM & Executive Director0.17yrno datano data
Xiaoguang Yang
Vice Chairman of the Board0.17yrno datano data
Zhen Xu
Chairman of Supervisory Committee0.17yrCN¥564.00kno data
Jian Du
Non-Executive Director4.42yrsno datano data
Xudong Yang
Non-Executive Director3.17yrsno datano data
Hao Liu
Independent Non-Executive Director3.17yrsCN¥80.00kno data
Jiangping Zhang
Independent Non-Executive Director0.17yrno datano data
Fang Fang
Independent Non-Executive Director0.17yrno datano data

0.2yrs

Average Tenure

51yo

Average Age

Experienced Board: AUHE.F's board of directors are not considered experienced ( 0.2 years average tenure), which suggests a new board.


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Anhui Expressway Company Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Anhui Expressway Company Limited
  • Ticker: AUHE.F
  • Exchange: OTCPK
  • Founded: 1996
  • Industry: Highways and Railtracks
  • Sector: Transportation
  • Market Cap: HK$8.659b
  • Listing Market Cap: HK$1.117b
  • Shares outstanding: 1.66b
  • Website: https://www.anhui-expressway.net

Number of Employees


Location

  • Anhui Expressway Company Limited
  • 520 Wangjiang West Road
  • Hefei
  • Anhui Province
  • 230088
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AUHE.FOTCPK (Pink Sheets LLC)YesForeign Shares-Foreign ListedUSUSDNov 1996
995SEHK (The Stock Exchange of Hong Kong Ltd.)YesForeign Shares-Foreign ListedHKHKDNov 1996
HU7DB (Deutsche Boerse AG)YesForeign Shares-Foreign ListedDEEURNov 1996
995SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesForeign Shares-Foreign ListedHKHKDNov 1996
995SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesForeign Shares-Foreign ListedHKHKDNov 1996
600012SHSE (Shanghai Stock Exchange)Domestic SharesCNCNYJan 2003
600012XSSC (Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect)Domestic SharesCNCNYJan 2003

Biography

Anhui Expressway Company Limited constructs, operates, manages, and develops toll roads and associated service sections in Anhui province, the People's Republic of China. The company owns interests in the ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/28 23:55
End of Day Share Price2020/09/08 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.