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eCargo Holdings

ASX:ECG
Snowflake Description

Mediocre balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ECG
ASX
A$28M
Market Cap
  1. Home
  2. AU
  3. Commercial Services
Company description

eCargo Holdings Limited, together with its subsidiaries, provides e-commerce enabling and operation outsourcing services to designer brands, retailers, and branded manufacturers in the People’s Republic of China, Australia, South Africa, the United Kingdom, and internationally. The last earnings update was 78 days ago. More info.


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  • eCargo Holdings has significant price volatility in the past 3 months.
ECG Share Price and Events
7 Day Returns
12.5%
ASX:ECG
2.2%
AU Commercial Services
0%
AU Market
1 Year Returns
-71.9%
ASX:ECG
15%
AU Commercial Services
15.3%
AU Market
ECG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
eCargo Holdings (ECG) 12.5% -2.2% -10% -71.9% -75.7% -
AU Commercial Services 2.2% 3.1% -1.5% 15% 15.8% 38.7%
AU Market 0% 0.5% 4.7% 15.3% 21.6% 20.7%
1 Year Return vs Industry and Market
  • ECG underperformed the Commercial Services industry which returned 15% over the past year.
  • ECG underperformed the Market in Australia which returned 15.3% over the past year.
Price Volatility
ECG
Industry
5yr Volatility vs Market

ECG Value

 Is eCargo 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 eCargo 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 eCargo Holdings.

ASX:ECG 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 9%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.3%

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 ASX:ECG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6.7%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.66
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.659 (1 + (1- 25%) (69.86%))
1.003
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (1.003 * 6.65%)
8.98%

Discounted Cash Flow Calculation for ASX:ECG using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for eCargo 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.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

ASX:ECG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 8.98%)
2020 1.46 Est @ -48.68% 1.34
2021 0.97 Est @ -33.38% 0.82
2022 0.75 Est @ -22.67% 0.58
2023 0.64 Est @ -15.18% 0.45
2024 0.57 Est @ -9.93% 0.37
2025 0.54 Est @ -6.26% 0.32
2026 0.52 Est @ -3.69% 0.28
2027 0.51 Est @ -1.89% 0.26
2028 0.50 Est @ -0.63% 0.23
2029 0.51 Est @ 0.25% 0.21
Present value of next 10 years cash flows HK$4.00
ASX:ECG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= HK$0.51 × (1 + 2.31%) ÷ (8.98% – 2.31%)
HK$7.76
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$7.76 ÷ (1 + 8.98%)10
HK$3.28
ASX:ECG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$4.00 + HK$3.28
HK$7.28
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$7.28 / 615.25
HK$0.01
ASX:ECG Discount to Share Price
Calculation Result
Exchange Rate HKD/AUD
(Reporting currency to currency of ASX:ECG)
0.188
Value per Share
(AUD)
= Value per Share in HKD x Exchange Rate (HKD/AUD)
= HK$0.01 x 0.188
A$0
Value per share (AUD) From above. A$0.00
Current discount Discount to share price of A$0.05
= -1 x (A$0.05 - A$0.00) / A$0.00
-1916.7%

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

  • The current share price of eCargo Holdings 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 eCargo Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are eCargo Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:ECG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in HKD HK$-0.14
ASX:ECG Share Price ** ASX (2019-11-14) in AUD A$0.05
ASX:ECG Share Price converted to HKD reporting currency Exchange rate (AUD/ HKD) 5.306 HK$0.24
Australia Commercial Services Industry PE Ratio Median Figure of 12 Publicly-Listed Commercial Services Companies 18.07x
Australia Market PE Ratio Median Figure of 519 Publicly-Listed Companies 18.45x

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

** Primary Listing of eCargo Holdings.

ASX:ECG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:ECG Share Price ÷ EPS (both in HKD)

= 0.24 ÷ -0.14

-1.73x

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

  • eCargo Holdings is loss making, we can't compare its value to the AU Commercial Services industry average.
  • eCargo Holdings is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does eCargo Holdings's expected growth come at a high price?
Raw Data
ASX:ECG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.73x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Australia Commercial Services Industry PEG Ratio Median Figure of 9 Publicly-Listed Commercial Services Companies 2.36x
Australia Market PEG Ratio Median Figure of 346 Publicly-Listed Companies 1.59x

*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 eCargo Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on eCargo Holdings's assets?
Raw Data
ASX:ECG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in HKD HK$0.02
ASX:ECG Share Price * ASX (2019-11-14) in AUD A$0.05
ASX:ECG Share Price converted to HKD reporting currency Exchange rate (AUD/ HKD) 5.306 HK$0.24
Australia Commercial Services Industry PB Ratio Median Figure of 27 Publicly-Listed Commercial Services Companies 2.46x
Australia Market PB Ratio Median Figure of 1,585 Publicly-Listed Companies 1.71x
ASX:ECG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:ECG Share Price ÷ Book Value per Share (both in HKD)

= 0.24 ÷ 0.02

14.03x

* Primary Listing of eCargo Holdings.

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

  • eCargo Holdings is overvalued based on assets compared to the AU Commercial Services industry average.
X
Value checks
We assess eCargo 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 Commercial Services 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 Commercial Services industry average (and greater than 0)? (1 check)
  5. eCargo Holdings has a total score of 0/6, 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.

ECG Future Performance

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

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as eCargo Holdings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
11%
Expected Commercial Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is eCargo Holdings expected to grow at an attractive rate?
  • Unable to compare eCargo Holdings's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare eCargo Holdings's earnings growth to the Australia market average as no estimate data is available.
  • Unable to compare eCargo Holdings's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:ECG Future Growth Rates Data Sources
Data Point Source Value (per year)
Australia Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 11%
Australia Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 5.5%
Australia Market Earnings Growth Rate Market Cap Weighted Average 9.8%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.6%

*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
ASX:ECG 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.
ASX:ECG Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2019-06-30 139 5 -85
2019-03-31 137 5 -110
2018-12-31 134 5 -134
2018-09-30 144 7 -120
2018-06-30 154 9 -105
2018-03-31 149 -3 -87
2017-12-31 144 -16 -69
2017-09-30 136 -22 -82
2017-06-30 127 -29 -95
2017-03-31 126 -33 -91
2016-12-31 124 -38 -88
2016-09-30 122 -45 -79

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if eCargo Holdings is high growth as no earnings estimate data is available.
  • Unable to determine if eCargo 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
ASX:ECG 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 eCargo Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:ECG Past Financials Data
Date (Data in HKD Millions) EPS *
2019-06-30 -0.14
2019-03-31 -0.18
2018-12-31 -0.22
2018-09-30 -0.20
2018-06-30 -0.18
2018-03-31 -0.16
2017-12-31 -0.13
2017-09-30 -0.15
2017-06-30 -0.18
2017-03-31 -0.17
2016-12-31 -0.16
2016-09-30 -0.15

*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 eCargo Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. eCargo Holdings's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Commercial Services companies here
  2. eCargo Holdings's competitive advantages and company strategy can generally be found in its financial reports archived here.
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess eCargo 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 Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia 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.
eCargo Holdings 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.

ECG Past Performance

  How has eCargo 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 eCargo Holdings's growth in the last year to its industry (Commercial Services).
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.
  • eCargo Holdings does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare eCargo Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare eCargo Holdings's 1-year growth to the AU Commercial Services industry average as it is not currently profitable.
Earnings and Revenue History
eCargo 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 eCargo Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:ECG Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 138.65 -85.01 81.97 3.37
2019-03-31 136.55 -109.71 90.93 4.51
2018-12-31 134.46 -134.40 99.89 5.64
2018-09-30 144.12 -119.53 109.73 6.62
2018-06-30 153.79 -104.67 119.58 7.60
2018-03-31 149.14 -86.59 128.13 8.57
2017-12-31 144.49 -68.51 136.69 9.53
2017-09-30 135.87 -81.55 142.91 11.22
2017-06-30 127.24 -94.59 149.12 12.91
2017-03-31 125.86 -91.15 139.53 14.60
2016-12-31 124.47 -87.72 129.93 16.30
2016-09-30 122.22 -78.59 116.63 18.21
2016-06-30 119.98 -69.46 103.33 20.12
2016-03-31 119.03 -61.18 95.73 17.34
2015-12-31 118.08 -52.90 88.13 14.55
2014-12-31 33.86 -55.14 51.90 7.51

*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.
  • It is difficult to establish if eCargo Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if eCargo Holdings has efficiently used its assets last year compared to the AU Commercial Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if eCargo 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 eCargo 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 Commercial Services 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.
eCargo Holdings has a total score of 0/6, 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.

ECG Health

 How is eCargo 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 eCargo Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • eCargo Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • eCargo Holdings's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of eCargo 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.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.8x 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 eCargo Holdings Company Filings, last reported 4 months ago.

ASX:ECG Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 10.47 95.71 26.98
2019-03-31 10.47 95.71 26.98
2018-12-31 46.40 58.42 17.61
2018-09-30 46.40 58.42 17.61
2018-06-30 100.21 45.46 45.24
2018-03-31 100.21 45.46 45.24
2017-12-31 87.31 44.41 12.70
2017-09-30 87.31 44.41 12.70
2017-06-30 103.41 43.35 6.94
2017-03-31 103.41 43.35 6.94
2016-12-31 150.03 19.97 6.39
2016-09-30 150.03 19.97 6.39
2016-06-30 197.01 0.00 65.76
2016-03-31 197.01 0.00 65.76
2015-12-31 238.15 0.00 97.33
2014-12-31 292.64 0.00 191.07
  • eCargo Holdings's level of debt (914.2%) compared to net worth is high (greater than 40%).
  • Unable to establish if eCargo Holdings's debt level has increased without past 5-year debt data.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making eCargo Holdings has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making eCargo Holdings has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -104.2% per year.
X
Financial health checks
We assess eCargo 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. eCargo 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.

ECG Dividends

 What is eCargo 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 eCargo Holdings dividends.
If you bought A$2,000 of eCargo Holdings shares you are expected to receive A$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 eCargo Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate eCargo 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
ASX:ECG 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
Australia Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 12 Stocks 2.6%
Australia Market Average Dividend Yield Market Cap Weighted Average of 391 Stocks 4.1%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.5%
Australia Bottom 25% Dividend Yield 25th Percentile 2.4%
Australia Top 25% Dividend Yield 75th Percentile 5.6%

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 eCargo Holdings has not reported any payouts.
  • Unable to verify if eCargo Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of eCargo Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as eCargo 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 eCargo Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - 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 eCargo Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. eCargo 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.

ECG Management

 What is the CEO of eCargo 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
Will Zhao
TENURE AS CEO 0.8 years
CEO Bio

Mr. Will Zhao has been Chief Executive Officer of eCargo Holdings Limited since February 25, 2019. Mr. Zhao serves as Head of China Operations at Metcash Limited. Prior to joining Metcash in 2016, Mr. Zhao spent seven years with Goodman Group in Australia, New Zealand, Hong Kong and China.

CEO Compensation
  • Insufficient data for Will to compare compensation growth.
  • Insufficient data for Will to establish whether their remuneration is reasonable compared to companies of similar size in Australia.
Management Team Tenure

Average tenure of the eCargo Holdings management team in years:

4.4
Average Tenure
  • The tenure for the eCargo Holdings management team is about average.
Management Team

John Lau

TITLE
Executive Chairman
AGE
71

Will Zhao

TITLE
Chief Executive Officer
TENURE
0.8 yrs

Garnok Cheung

TITLE
Chief Financial Officer
AGE
43
TENURE
4.4 yrs

Franc Renzi

TITLE
Chief Operating Officer
TENURE
4.4 yrs

John Muir

TITLE
Sales Director

Justus Johannes Wilde

TITLE
Chief Strategy Officer
TENURE
4.4 yrs

Lawrence Lun

TITLE
Chief Commercial Officer

Haiyun Chen

TITLE
Chief Product Officer
TENURE
0.8 yrs

Irene Yip

TITLE
Company Secretary
Board of Directors Tenure

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

5.3
Average Tenure
60
Average Age
  • The tenure for the eCargo Holdings board of directors is about average.
Board of Directors

John Lau

TITLE
Executive Chairman
AGE
71

Rupert H. Myer

TITLE
Independent Non-Executive Director
COMPENSATION
HK$89K
AGE
60
TENURE
5.3 yrs

Heath Zarin

TITLE
Independent Non-Executive Director
TENURE
5.4 yrs

Christopher Lau

TITLE
Non-Independent Non-Executive Director
AGE
39
TENURE
5.6 yrs

Jessica Rudd

TITLE
Non-Independent Non-Executive Director
COMPENSATION
HK$90K
TENURE
1.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
X
Management checks
We assess eCargo 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. eCargo 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.

ECG News

Simply Wall St News

eCargo Holdings (ASX:ECG) Is Carrying A Fair Bit Of Debt

We note that eCargo Holdings Limited (ASX:ECG) does have debt on its balance sheet. … ASX:ECG Historical Debt, August 2nd 2019 A Look At eCargo Holdings's Liabilities According to the last reported balance sheet, eCargo Holdings had liabilities of HK$53.8m due within 12 months, and liabilities of HK$69.3m due beyond 12 months. … If you're interested in investing in businesses that can grow profits without the burden of debt, then check out this free list of growing businesses that have net cash on the balance sheet.

Simply Wall St -

How Financially Strong Is eCargo Holdings Limited (ASX:ECG)?

Investors are always looking for growth in small-cap stocks like eCargo Holdings Limited (ASX:ECG), with a market cap of AU$58m. … However, an important fact which most ignore is: how financially healthy is the business?

Simply Wall St -

What You Must Know About eCargo Holdings Limited's (ASX:ECG) Financial Strength

Investors are always looking for growth in small-cap stocks like eCargo Holdings Limited (ASX:ECG), with a market cap of AU$68m. … However, an important fact which most ignore is: how financially healthy is the business? … the current state of its operations and pathway to profitability.

Simply Wall St -

Is eCargo Holdings Limited's (ASX:ECG) Balance Sheet Strong Enough To Weather A Storm?

While small-cap stocks, such as eCargo Holdings Limited (ASX:ECG) with its market cap of AU$80m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … the current state of its operations and pathway to profitability.

Simply Wall St -

What Investors Should Know About eCargo Holdings Limited's (ASX:ECG) Financial Strength

eCargo Holdings Limited (ASX:ECG) is a small-cap stock with a market capitalization of AU$95.36m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Companies operating in the Internet industry,

Simply Wall St -

Does eCargo Holdings Limited's (ASX:ECG) Earnings Growth Make It An Outperformer?

When eCargo Holdings Limited (ASX:ECG) released its most recent earnings update (31 December 2017), I compared it against two factor: its historical earnings track record, and the performance of its industry peers on average. … For the purpose of this commentary, I like to use data from the most recent 12 months, which annualizes the most recent half-year data, or in some cases, the latest annual report is already the most recent financial year data. … eCargo Holdings's track record can be a valuable insight into its earnings performance, but it certainly doesn't tell the whole story.

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Is eCargo Holdings Limited's (ASX:ECG) Balance Sheet Strong Enough To Weather A Storm?

How does ECG’s operating cash flow stack up against its debt? … Moving onto cash from operations, its small level of operating cash flow means calculating cash-to-debt wouldn't be too useful, though these low levels of cash means that operational efficiency is worth a look. … Running high debt, while not yet making money, can be risky in unexpected downturns as liquidity may dry up, making it hard to operate.Next Steps: ECG’s cash flow coverage indicates it could improve its operating efficiency in order to meet demand for debt repayments should unforeseen events arise.

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Who Are The Largest Shareholders In eCargo Holdings Limited (ASX:ECG)?

Check out our latest analysis for eCargo Holdings ASX:ECG Ownership_summary Mar 20th 18 Institutional Ownership Institutional investors transact in large blocks which can influence the momentum of stock prices, at least in the short-term, especially when there is a low level of public shares available on the market to trade. … This size of ownership gives retail investors collective power in deciding on major policy decisions such as executive compensation, appointment of directors and acquisitions of businesses. … Thus, investors should dig deeper into ECG's business relations with these companies and how it can affect shareholder returns in the long-term.Next Steps: Institutional ownership in ECG is not at a level that would concern investors.

Simply Wall St -

What Kind Of Risk And Return Should You Expect For eCargo Holdings Limited (ASX:ECG)?

A widely-used metric to measure a stock's market risk is beta, and the broad market index represents a beta value of one. … With a beta of 4.34, eCargo Holdings is a stock that tends to experience more gains than the market during a growth phase and also a bigger reduction in value compared to the market during a broad downturn. … As a result, the company may be less volatile relative to broad market movements, compared to a company of similar size but higher proportion of fixed assets.

Simply Wall St -

eCargo Holdings Limited (ASX:ECG): Is It Growing Too Fast?

Today I’ve examined eCargo Holdings’s financial data from its most recent earnings update, to roughly assess when the company may need to raise new capital. … The measure of how fast eCargo Holdings goes through its cash reserves over time is called the cash burn rate. … My cash burn analysis suggests that, if eCargo Holdings continues to spend its cash reserves at this current high rate, it’ll have to raise capital within the upcoming months, which may be a surprise to some shareholders.

Simply Wall St -

ECG Company Info

Description

eCargo Holdings Limited, together with its subsidiaries, provides e-commerce enabling and operation outsourcing services to designer brands, retailers, and branded manufacturers in the People’s Republic of China, Australia, South Africa, the United Kingdom, and internationally. The company engages in the development and provision of e-commerce technologies, integrated offline and online supply chain operations, and digital commerce solutions and services. It offers eOperation solutions comprising brand site development, business-to-consumer online retail marketplace development, and brand site operations; and efulfillment services, including warehouse facility, postal and courier, specialist garment processing, and quality control facilitation services. The company also provides e-Commerce IT solutions consisting of eCoreOS, a proprietary e-commerce platform to manage omni-channel online operations; Web design and hosting services; project management services in the systems implementation, online store, and fulfillment operations setup; and e-commerce platforms that comprise Magento for brand sites and enrich for fashion. In addition, it offers eMarketing solutions comprising search engine optimization, microblogging Website, mobile text and voice communication application, and social commerce platform; and eSupport services, which include the provision of photography and video, call center team, and copywriting services, as well as digital asset production services through its custom-built studio. eCargo Holdings Limited was incorporated in 2014 and is based in Kwai Chung, Hong Kong. eCargo Holdings Limited is a subsidiary of JL Enterprises Holdings Limited.

Details
Name: eCargo Holdings Limited
ECG
Exchange: ASX
Founded: 2014
A$27,686,250
615,250,000
Website: http://www.ecargo.com
Address: eCargo Holdings Limited
13103N, ATL Logistics Centre B,
Berth 3, 3 Kwai Chung Container Terminals,
Kwai Chung,
New Territories, Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX ECG NPV CDI 1:1 Australian Securities Exchange AU AUD 28. Nov 2014
CHIA ECG NPV CDI 1:1 Chi-X Australia AU AUD 28. Nov 2014
Number of employees
Current staff
Staff numbers
0
eCargo Holdings employees.
Industry
Diversified Support Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/15 10:41
End of day share price update: 2019/11/14 00:00
Last earnings filing: 2019/08/29
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


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.