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Rivera (Holdings)

DB:RIA
Snowflake Description

Flawless balance sheet and undervalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RIA
DB
HK$1B
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

Rivera (Holdings) Limited, an investment holding company, engages in property development and investment, and securities trading and investment businesses in Hong Kong, Macau, and Mainland China. The last earnings update was 15 days ago. More info.


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RIA Share Price and Events
7 Day Returns
3.6%
DB:RIA
-6.8%
DE Capital Markets
-2.7%
DE Market
1 Year Returns
-33.8%
DB:RIA
-11.8%
DE Capital Markets
-20.4%
DE Market
RIA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Rivera (Holdings) (RIA) 3.6% -6.5% -12.2% -33.8% -41.1% 0%
DE Capital Markets -6.8% -21.9% -18% -11.8% -29% -57.8%
DE Market -2.7% -18.4% -26.7% -20.4% -25.9% -30.4%
1 Year Return vs Industry and Market
  • RIA underperformed the Capital Markets industry which returned -11.8% over the past year.
  • RIA underperformed the Market in Germany which returned -20.4% over the past year.
Price Volatility
RIA
Industry
5yr Volatility vs Market

Value

 Is Rivera (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 Rivera (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 Rivera (Holdings).

DB:RIA 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
= HK$1.02 * 6.6%
HK$0.07
Book Value of Equity per Share Median Book Value from the past 5 years. HK$1.02
Discount Rate (Cost of Equity) See below 4.7%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

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 DB:RIA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.1%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.75
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.747 (1 + (1- 25%) (0%))
0.83
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.83
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.83 * 6.07%)
4.65%

Discounted Cash Flow Calculation for DB:RIA using Excess Returns Model Model

The calculations below outline how an intrinsic value for Rivera (Holdings) 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.

DB:RIA Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (6.6% – 4.65%) * HK$1.02)
HK$0.02
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= HK$0.02 / (4.65% - -0.39%)
HK$0.40
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= HK$1.02 + HK$0.40
HK$1.42
DB:RIA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:RIA represents 0.09773x of SEHK:281
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.09773x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 1.42 x 0.09773
€0.14
Value per share (EUR) From above. €0.14
Current discount Discount to share price of €0.04
= -1 x (€0.04 - €0.14) / €0.14
69%

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

Current Discount
Amount off the current price Rivera (Holdings) is available for.
Intrinsic value
>50%
Share price is €0.043 vs Future cash flow value of €0.13882
Current Discount Checks
For Rivera (Holdings) to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Rivera (Holdings)'s share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Rivera (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 Rivera (Holdings)'s earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Rivera (Holdings)'s earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:RIA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in HKD HK$0.04
SEHK:281 Share Price ** SEHK (2020-04-02) in HKD HK$0.44
Germany Capital Markets Industry PE Ratio Median Figure of 17 Publicly-Listed Capital Markets Companies 22.18x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.15x

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

** Primary Listing of Rivera (Holdings).

DB:RIA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:281 Share Price ÷ EPS (both in HKD)

= 0.44 ÷ 0.04

10.27x

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

  • Rivera (Holdings) is good value based on earnings compared to the DE Capital Markets industry average.
  • Rivera (Holdings) is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Rivera (Holdings)'s expected growth come at a high price?
Raw Data
DB:RIA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.27x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Germany Capital Markets Industry PEG Ratio Median Figure of 7 Publicly-Listed Capital Markets Companies 1.55x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.17x

*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 Rivera (Holdings), we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Rivera (Holdings)'s assets?
Raw Data
DB:RIA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in HKD HK$0.99
SEHK:281 Share Price * SEHK (2020-04-02) in HKD HK$0.44
Germany Capital Markets Industry PB Ratio Median Figure of 32 Publicly-Listed Capital Markets Companies 1.55x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:RIA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:281 Share Price ÷ Book Value per Share (both in HKD)

= 0.44 ÷ 0.99

0.44x

* Primary Listing of Rivera (Holdings).

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

  • Rivera (Holdings) is good value based on assets compared to the DE Capital Markets industry average.
X
Value checks
We assess Rivera (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 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. Rivera (Holdings) has a total score of 5/6, 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 Rivera (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 Rivera (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
40%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Rivera (Holdings) expected to grow at an attractive rate?
  • Unable to compare Rivera (Holdings)'s earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Rivera (Holdings)'s earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Rivera (Holdings)'s revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:RIA Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 40%
Germany Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 0.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4%

*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
DB:RIA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 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.
DB:RIA Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
DB:RIA Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2019-12-31 2 112
2019-09-30 3 111
2019-06-30 4 -250 111
2019-03-31 21 -137 144
2018-12-31 38 -25 177
2018-09-30 37 6 172
2018-06-30 36 36 166
2018-03-31 19 3 224
2017-12-31 2 -30 281
2017-09-30 2 205 372
2017-06-30 3 441 464
2017-03-31 3 459 385

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Rivera (Holdings) is high growth as no earnings estimate data is available.
  • Unable to determine if Rivera (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
DB:RIA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Rivera (Holdings) Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:RIA Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
DB:RIA Past Financials Data
Date (Data in HKD Millions) EPS *
2019-12-31 0.04
2019-09-30 0.04
2019-06-30 0.04
2019-03-31 0.06
2018-12-31 0.07
2018-09-30 0.07
2018-06-30 0.06
2018-03-31 0.09
2017-12-31 0.11
2017-09-30 0.14
2017-06-30 0.18
2017-03-31 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 Rivera (Holdings) will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Rivera (Holdings) is trading at Rivera (Holdings)'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Rivera (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 Diversified Financials companies here
  3. Rivera (Holdings)'s competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Rivera (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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany 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.
Rivera (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.

Past Performance

  How has Rivera (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 Rivera (Holdings)'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.
  • Rivera (Holdings)'s year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Rivera (Holdings)'s 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Rivera (Holdings)'s 1-year earnings growth is negative, it can't be compared to the DE Capital Markets industry average.
Earnings and Revenue History
Rivera (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 Rivera (Holdings) Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:RIA Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 1.56 111.75 13.56
2019-09-30 2.59 111.31 14.08
2019-06-30 3.62 110.87 14.61
2019-03-31 20.87 143.96 14.22
2018-12-31 38.12 177.05 13.84
2018-09-30 37.11 171.55 13.08
2018-06-30 36.10 166.05 12.33
2018-03-31 19.18 223.60 12.31
2017-12-31 2.27 281.14 12.30
2017-09-30 2.42 372.34 12.39
2017-06-30 2.57 463.54 12.48
2017-03-31 3.13 384.56 12.32
2016-12-31 3.68 305.59 12.17
2016-09-30 3.57 252.29 12.43
2016-06-30 3.45 199.00 12.69
2016-03-31 2.70 186.56 12.62
2015-12-31 1.96 174.13 12.55
2015-09-30 14.36 151.44 11.91
2015-06-30 26.77 128.76 11.27
2015-03-31 26.75 160.67 11.13
2014-12-31 26.72 192.58 10.99
2014-09-30 14.05 285.47 10.83
2014-06-30 1.37 378.36 10.68
2014-03-31 1.30 328.98 10.46
2013-12-31 1.23 279.61 10.25
2013-09-30 1.20 271.43 10.16
2013-06-30 1.17 263.25 10.07

*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.
  • Rivera (Holdings) has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Rivera (Holdings) used its assets more efficiently than the DE Capital Markets industry average last year based on Return on Assets.
  • It is difficult to establish if Rivera (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 Rivera (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 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.
Rivera (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.

Health

 How is Rivera (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 Rivera (Holdings)'s finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Rivera (Holdings) is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Rivera (Holdings)'s cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Rivera (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.
  • Rivera (Holdings) 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 Rivera (Holdings) Company Filings, last reported 3 months ago.

DB:RIA Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 2,587.84 0.00 1,311.53
2019-09-30 2,587.84 0.00 1,311.53
2019-06-30 2,653.81 0.00 1,249.58
2019-03-31 2,653.81 0.00 1,249.58
2018-12-31 2,664.54 0.00 1,428.00
2018-09-30 2,664.54 0.00 1,428.00
2018-06-30 2,863.91 0.00 1,211.85
2018-03-31 2,863.91 0.00 1,211.85
2017-12-31 2,958.41 0.00 1,276.02
2017-09-30 2,958.41 0.00 1,276.02
2017-06-30 3,052.91 0.00 1,076.27
2017-03-31 3,052.91 0.00 1,076.27
2016-12-31 2,576.85 0.00 1,179.50
2016-09-30 2,576.85 0.00 1,179.50
2016-06-30 2,319.53 0.00 1,094.35
2016-03-31 2,319.53 0.00 1,094.35
2015-12-31 2,242.78 0.00 1,130.84
2015-09-30 2,242.78 0.00 1,130.84
2015-06-30 2,252.50 0.00 882.98
2015-03-31 2,252.50 0.00 882.98
2014-12-31 2,204.45 0.00 874.08
2014-09-30 2,204.45 0.00 874.08
2014-06-30 2,193.13 0.00 812.25
2014-03-31 2,193.13 0.00 812.25
2013-12-31 2,169.86 0.00 858.05
2013-09-30 2,169.86 0.00 858.05
2013-06-30 1,871.20 0.00 821.97
  • Rivera (Holdings) has no debt.
  • Rivera (Holdings) has not taken on any debt in the past 5 years.
  • Rivera (Holdings) has no debt, it does not need to be covered by operating cash flow.
  • Rivera (Holdings) has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Rivera (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. Rivera (Holdings) has a total score of 6/6, 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 Rivera (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
9.09%
Current annual income from Rivera (Holdings) dividends.
If you bought €2,000 of Rivera (Holdings) shares you are expected to receive €182 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?
  • Rivera (Holdings)'s pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.65%).
  • Rivera (Holdings)'s dividend is above the markets top 25% of dividend payers in Germany (4.86%).
Upcoming dividend payment

Purchase Rivera (Holdings) before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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
DB:RIA 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
Germany Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 3.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 320 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

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

DB:RIA Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts
DB:RIA Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2020-03-18 0.040 9.495
2019-03-15 0.040 7.909
2018-04-26 0.045 7.959
2018-03-16 0.045 7.527
2017-04-26 0.050 8.563
2017-03-17 0.050 7.701
2016-05-26 0.020 4.047
2015-05-28 0.020 5.115
2014-04-29 0.020 5.355
2014-03-21 0.020 6.029
2013-04-29 0.020 6.446
2013-03-22 0.020 6.530
2012-03-22 0.011 4.670
2011-03-25 0.015 5.899
2010-03-30 0.020 5.743
2009-04-29 0.010 3.114
2009-04-03 0.010 5.190

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Rivera (Holdings)'s earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1.1x coverage).
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 Rivera (Holdings)'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 Rivera (Holdings) afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Rivera (Holdings) has a total score of 3/6, 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 Rivera (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.
  • Rivera (Holdings) has no CEO, or we have no data on them.
Management Team Tenure

Average tenure and age of the Rivera (Holdings) management team in years:

10.6
Average Tenure
47.5
Average Age
  • The average tenure for the Rivera (Holdings) management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Albert Tong

TITLE
Executive Director
COMPENSATION
HK$997K
AGE
36

Feng Hsu

TITLE
Executive Director
AGE
68

Sau King Kwok

TITLE
Financial Controller
AGE
60
TENURE
20.6 yrs

Charles Tong

TITLE
Executive Director
AGE
38
TENURE
0.7 yrs

Haisheng Zhao

TITLE
Executive Director
AGE
43
TENURE
0.7 yrs

Yuen Lee

TITLE
Company Secretary
AGE
52
TENURE
22.1 yrs
Board of Directors Tenure

Average tenure and age of the Rivera (Holdings) board of directors in years:

2.3
Average Tenure
46
Average Age
  • The average tenure for the Rivera (Holdings) board of directors is less than 3 years, this suggests a new board.
Board of Directors

Ying Liu

TITLE
Non-Executive Chairman
AGE
46
TENURE
2.3 yrs

Albert Tong

TITLE
Executive Director
COMPENSATION
HK$997K
AGE
36
TENURE
19.1 yrs

Feng Hsu

TITLE
Executive Director
AGE
68
TENURE
30.3 yrs

Charles Tong

TITLE
Executive Director
AGE
38
TENURE
0.7 yrs

Haisheng Zhao

TITLE
Executive Director
AGE
43
TENURE
0.7 yrs

Hong Zhang

TITLE
Independent Non-Executive Director
COMPENSATION
HK$124K
AGE
45
TENURE
15 yrs

Kam Chuen Tsang

TITLE
Independent Non-Executive Director
AGE
64
TENURE
0.1 yrs

Tze-Chun Sung

TITLE
Non-Executive Director
AGE
68
TENURE
14.3 yrs

Chi Ng

TITLE
Independent Non-Executive Director
AGE
59
TENURE
0.8 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 (€) Value (€)
01. Aug 19 Sell Step Famous Investment Limited Company 21. Jun 19 21. Jun 19 -400,000 €0.06 €-22,617
11. Jul 19 Sell Step Famous Investment Limited Company 09. Jul 19 09. Jul 19 -1,000,000 €0.06 €-55,978
10. Jul 19 Sell Step Famous Investment Limited Company 08. Jul 19 08. Jul 19 -1,260,000 €0.06 €-70,583
09. Jul 19 Sell Step Famous Investment Limited Company 05. Jul 19 05. Jul 19 -1,150,000 €0.06 €-65,117
08. Jul 19 Sell Step Famous Investment Limited Company 04. Jul 19 04. Jul 19 -2,250,000 €0.06 €-126,770
05. Jul 19 Sell Step Famous Investment Limited Company 03. Jul 19 03. Jul 19 -1,200,000 €0.06 €-67,531
04. Jul 19 Sell Step Famous Investment Limited Company 02. Jul 19 02. Jul 19 -900,000 €0.06 €-50,544
03. Jul 19 Sell Step Famous Investment Limited Company 28. Jun 19 28. Jun 19 -1,450,000 €0.06 €-80,752
02. Jul 19 Sell Step Famous Investment Limited Company 27. Jun 19 27. Jun 19 -1,200,000 €0.06 €-66,878
27. Jun 19 Sell Step Famous Investment Limited Company 24. Jun 19 24. Jun 19 -2,600,000 €0.06 €-144,780
27. Jun 19 Sell Step Famous Investment Limited Company 25. Jun 19 25. Jun 19 -1,890,000 €0.06 €-104,878
25. Jun 19 Sell Step Famous Investment Limited Company 20. Jun 19 20. Jun 19 -2,500,000 €0.06 €-141,882
24. Jun 19 Sell Step Famous Investment Limited Company 19. Jun 19 19. Jun 19 -300,000 €0.06 €-17,094
20. Jun 19 Sell Step Famous Investment Limited Company 17. Jun 19 17. Jun 19 -2,100,000 €0.06 €-119,333
20. Jun 19 Sell Step Famous Investment Limited Company 18. Jun 19 18. Jun 19 -3,800,000 €0.06 €-214,384
03. Jun 19 Sell Step Famous Investment Limited Company 29. May 19 29. May 19 -102,100,000 €0.06 €-6,428,808
27. May 19 Sell Step Famous Investment Limited Company 22. May 19 22. May 19 -4,036,000 €0.07 €-271,735
X
Management checks
We assess Rivera (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. Rivera (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.

News

Simply Wall St News

Company Info

Description

Rivera (Holdings) Limited, an investment holding company, engages in property development and investment, and securities trading and investment businesses in Hong Kong, Macau, and Mainland China. The company develops, sells, and leases residential and commercial cum-office development projects; and holds, sells, and leases approximately 300 car parking spaces. It also engages in investment management activities. The company was incorporated in 1964 and is based in Central, Hong Kong. Rivera (Holdings) Limited is considered a Red Chip company due to its listing on the Hong Kong Stock Exchange.

Details
Name: Rivera (Holdings) Limited
RIA
Exchange: DB
Founded: 1964
HK$136,114,465
2,608,546,511
Website: http://www.rivera.com.hk
Address: Rivera (Holdings) Limited
Wing On Centre,
Rooms 1501-2 and 1507-12,
Central,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 281 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 02. Jan 1992
DB RIA Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
5
Rivera (Holdings) employees.
Industry
Investment Banking and Brokerage
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/02 23:32
End of day share price update: 2020/04/02 00:00
Last estimates confirmation: 2018/03/16
Last earnings filing: 2020/03/18
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.