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AP Rentals Holdings

SEHK:1496
Snowflake Description

Excellent balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1496
SEHK
HK$190M
Market Cap
  1. Home
  2. HK
  3. Capital Goods
Company description

AP Rentals Holdings Limited, an investment holding company, engages in the rental of construction, electrical and mechanical (E&M) engineering, and event and entertainment equipment in Hong Kong, Macau, and Singapore. The last earnings update was 12 days ago. More info.


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1496 Share Price and Events
7 Day Returns
10%
SEHK:1496
1.6%
HK Trade Distributors
0.6%
HK Market
1 Year Returns
-43.6%
SEHK:1496
-3.7%
HK Trade Distributors
-0.1%
HK Market
1496 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
AP Rentals Holdings (1496) 10% 10% -1.8% -43.6% -54.2% -
HK Trade Distributors 1.6% -23.1% -21.9% -3.7% -21.5% -63.1%
HK Market 0.6% -3.6% -0% -0.1% 7.4% -1.4%
1 Year Return vs Industry and Market
  • 1496 underperformed the Trade Distributors industry which returned -3.7% over the past year.
  • 1496 underperformed the Market in Hong Kong which returned -0.1% over the past year.
Price Volatility
1496
Industry
5yr Volatility vs Market

Value

 Is AP Rentals 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 AP Rentals 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 AP Rentals Holdings.

SEHK:1496 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 7.9%
Perpetual Growth Rate 10-Year HK Government Bond Rate 1.6%

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 SEHK:1496
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 1.6%
Equity Risk Premium S&P Global 6.1%
Trade Distributors Unlevered Beta Simply Wall St/ S&P Global 0.95
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.947 (1 + (1- 25%) (16.2%))
1.041
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.04
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.55% + (1.041 * 6.07%)
7.87%

Discounted Cash Flow Calculation for SEHK:1496 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for AP Rentals 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.

SEHK:1496 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 7.87%)
2020 0.01 Est @ 3.09% 0.01
2021 0.01 Est @ 2.63% 0.01
2022 0.01 Est @ 2.3% 0.01
2023 0.01 Est @ 2.08% 0.01
2024 0.01 Est @ 1.92% 0.01
2025 0.01 Est @ 1.81% 0.01
2026 0.01 Est @ 1.73% 0.01
2027 0.01 Est @ 1.68% 0.01
2028 0.02 Est @ 1.64% 0.01
2029 0.02 Est @ 1.61% 0.01
Present value of next 10 years cash flows HK$0.00
SEHK:1496 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= HK$0.02 × (1 + 1.55%) ÷ (7.87% – 1.55%)
HK$0.25
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$0.25 ÷ (1 + 7.87%)10
HK$0.12
SEHK:1496 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$0.00 + HK$0.12
HK$0.12
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$0.12 / 864.00
HK$0
SEHK:1496 Discount to Share Price
Calculation Result
Value per share (HKD) From above. HK$0.00
Current discount Discount to share price of HK$0.22
= -1 x (HK$0.22 - HK$0.00) / HK$0.00
-164558.4%

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

  • The current share price of AP Rentals 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 AP Rentals Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are AP Rentals Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:1496 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in HKD HK$-0.01
SEHK:1496 Share Price ** SEHK (2019-12-09) in HKD HK$0.22
Hong Kong Trade Distributors Industry PE Ratio Median Figure of 27 Publicly-Listed Trade Distributors Companies 9.1x
Hong Kong Market PE Ratio Median Figure of 1,469 Publicly-Listed Companies 10.21x

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

** Primary Listing of AP Rentals Holdings.

SEHK:1496 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1496 Share Price ÷ EPS (both in HKD)

= 0.22 ÷ -0.01

-21.31x

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

  • AP Rentals Holdings is loss making, we can't compare its value to the HK Trade Distributors industry average.
  • AP Rentals Holdings is loss making, we can't compare the value of its earnings to the Hong Kong market.
Price based on expected Growth
Does AP Rentals Holdings's expected growth come at a high price?
Raw Data
SEHK:1496 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -21.31x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Asia Trade Distributors Industry PEG Ratio Median Figure of 47 Publicly-Listed Trade Distributors Companies 1.27x
Hong Kong Market PEG Ratio Median Figure of 478 Publicly-Listed Companies 0.73x

*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 AP Rentals Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on AP Rentals Holdings's assets?
Raw Data
SEHK:1496 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in HKD HK$0.27
SEHK:1496 Share Price * SEHK (2019-12-09) in HKD HK$0.22
Hong Kong Trade Distributors Industry PB Ratio Median Figure of 58 Publicly-Listed Trade Distributors Companies 0.57x
Hong Kong Market PB Ratio Median Figure of 2,203 Publicly-Listed Companies 0.81x
SEHK:1496 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1496 Share Price ÷ Book Value per Share (both in HKD)

= 0.22 ÷ 0.27

0.81x

* Primary Listing of AP Rentals Holdings.

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

  • AP Rentals Holdings is overvalued based on assets compared to the HK Trade Distributors industry average.
X
Value checks
We assess AP Rentals 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 Trade Distributors 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 Trade Distributors industry average (and greater than 0)? (1 check)
  5. AP Rentals 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.

Future Performance

 How is AP Rentals 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 AP Rentals 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
5.8%
Expected Trade Distributors industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is AP Rentals Holdings expected to grow at an attractive rate?
  • Unable to compare AP Rentals Holdings's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare AP Rentals Holdings's earnings growth to the Hong Kong market average as no estimate data is available.
  • Unable to compare AP Rentals Holdings's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:1496 Future Growth Rates Data Sources
Data Point Source Value (per year)
Asia Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 5.8%
Asia Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 3.7%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.9%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 9.8%

*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
SEHK:1496 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 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.
SEHK:1496 Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
SEHK:1496 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2019-09-30 143 -9
2019-06-30 145 -6
2019-03-31 146 65 -3
2018-12-31 161 63 3
2018-09-30 175 60 8
2018-06-30 200 63 15
2018-03-31 225 67 21
2017-12-31 223 63 20
2017-09-30 221 58 19
2017-06-30 211 50 16
2017-03-31 200 43 12
2016-12-31 209 46 10

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if AP Rentals Holdings is high growth as no earnings estimate data is available.
  • Unable to determine if AP Rentals 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
SEHK:1496 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from AP Rentals Holdings Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1496 Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
SEHK:1496 Past Financials Data
Date (Data in HKD Millions) EPS *
2019-09-30 -0.01
2019-06-30 -0.01
2019-03-31 0.00
2018-12-31 0.00
2018-09-30 0.01
2018-06-30 0.02
2018-03-31 0.02
2017-12-31 0.02
2017-09-30 0.02
2017-06-30 0.02
2017-03-31 0.01
2016-12-31 0.01

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

Next steps:

  1. Examine AP Rentals Holdings's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. AP Rentals 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 Capital Goods companies here
  3. AP Rentals 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 AP Rentals 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 Asia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia 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.
AP Rentals 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 AP Rentals 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 AP Rentals Holdings's growth in the last year to its industry (Trade Distributors).
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.
  • AP Rentals Holdings does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare AP Rentals Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare AP Rentals Holdings's 1-year growth to the HK Trade Distributors industry average as it is not currently profitable.
Earnings and Revenue History
AP Rentals 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 AP Rentals Holdings Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1496 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 143.43 -8.92 37.33
2019-06-30 144.77 -5.72 37.40
2019-03-31 146.11 -2.52 37.48
2018-12-31 160.71 2.71 39.35
2018-09-30 175.31 7.94 40.02
2018-06-30 200.28 14.51 40.47
2018-03-31 225.26 21.08 42.14
2017-12-31 222.97 20.19 39.06
2017-09-30 220.69 19.30 35.97
2017-06-30 210.59 15.63 35.17
2017-03-31 200.49 11.97 34.36
2016-12-31 208.99 10.24 33.86
2016-09-30 217.49 8.51 33.36
2016-06-30 228.41 14.72 30.62
2016-03-31 239.34 20.92 27.89
2015-12-31 239.04 30.71 26.03
2015-09-30 238.73 40.50 24.17
2015-06-30 233.48 41.71 22.80
2015-03-31 228.23 42.93 21.43
2014-03-31 217.95 40.13 17.39
2013-03-31 159.75 35.30 11.01

*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 AP Rentals 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 AP Rentals Holdings has efficiently used its assets last year compared to the HK Trade Distributors industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if AP Rentals 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 AP Rentals 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 Trade Distributors 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.
AP Rentals 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.

Health

 How is AP Rentals 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 AP Rentals Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • AP Rentals Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • AP Rentals Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of AP Rentals 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 AP Rentals Holdings Company Filings, last reported 2 months ago.

SEHK:1496 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 234.50 27.70 49.07
2019-06-30 234.50 27.70 49.07
2019-03-31 240.55 17.46 55.68
2018-12-31 240.55 17.46 55.68
2018-09-30 243.35 10.20 59.45
2018-06-30 243.35 10.20 59.45
2018-03-31 246.17 20.08 64.25
2017-12-31 246.17 20.08 64.25
2017-09-30 244.43 27.11 56.38
2017-06-30 244.43 27.11 56.38
2017-03-31 233.43 33.80 57.51
2016-12-31 233.43 33.80 57.51
2016-09-30 229.97 53.16 90.80
2016-06-30 229.97 53.16 90.80
2016-03-31 120.49 75.41 24.74
2015-12-31 120.49 75.41 24.74
2015-09-30 129.07 49.00 20.25
2015-06-30 129.07 49.00 20.25
2015-03-31 110.57 50.74 31.19
2014-03-31 87.64 17.41 15.40
2013-03-31 57.79 3.15 10.63
  • AP Rentals Holdings's level of debt (11.8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (34.5% vs 11.8% today).
  • Debt is well covered by operating cash flow (235.8%, greater than 20% of total debt).
  • Unable to confirm if the interest payments on AP Rentals Holdings's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess AP Rentals 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. AP Rentals Holdings has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

Dividends

 What is AP Rentals 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 AP Rentals Holdings dividends.
If you bought HK$2,000 of AP Rentals Holdings shares you are expected to receive HK$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 AP Rentals Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate AP Rentals 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
SEHK:1496 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
Hong Kong Trade Distributors Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 3.7%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 963 Stocks 3.7%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.3%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.3%
Hong Kong Top 25% Dividend Yield 75th Percentile 6.3%

Industry and Market average data is calculated daily.

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

SEHK:1496 Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts
SEHK:1496 Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2019-11-28 0.000 0.000
2019-07-25 0.000 0.000
2019-06-28 0.000 0.000
2018-12-20 0.000 0.000
2018-11-29 0.000 0.000
2018-07-24 0.010 2.459
2017-12-28 0.014 3.376
2017-11-28 0.014 3.783
2017-08-25 0.006 1.475
2016-12-28 0.006 1.294
2016-11-29 0.006 1.165
2016-07-21 0.000 0.000
2016-06-28 0.000 0.000

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

  • Unable to perform a dividend volatility check as AP Rentals Holdings has not reported any payouts.
  • Unable to verify if AP Rentals Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of AP Rentals Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as AP Rentals 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 AP Rentals Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - 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 AP Rentals Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. AP Rentals 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.

Management

 What is the CEO of AP Rentals 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
Pong Sing Lau
COMPENSATION HK$2,808,000
AGE 62
TENURE AS CEO 4.5 years
CEO Bio

Mr. Pong Sing Lau serves as the Chief Executive Officer at AP Rentals Holdings Limited and has been its Chairman and Executive Director since June 11,2015. Mr. Lau is primarily responsible for AP Rentals Groups overall management and business development, as well as? setting business strategies, direction and goals. Prior to joining AP Rentals Group in 2004 as one of the founders, Mr. Lau has over 20 years of experience in the construction equipment industry through his directorship in and management of Ajax Pong Construction Equipment Limited from September 1983 to March 1992 and Ajax Pong (Holdings) Limited from April 1992 to December 2014. Mr. Lau managed various aspects of AP Rentals Group, including business development and strategies, financial management and management of training to be given to employees. Under the leadership of Mr. Lau has entered into strategic partnership agreements with reputable construction equipment suppliers and participated in a number of landmark construction projects.

CEO Compensation
  • Pong Sing's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Pong Sing's remuneration is higher than average for companies of similar size in Hong Kong.
Management Team Tenure

Average tenure and age of the AP Rentals Holdings management team in years:

5.1
Average Tenure
57
Average Age
  • The average tenure for the AP Rentals Holdings management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Pong Sing Lau

TITLE
Chairman of the Board & CEO
COMPENSATION
HK$3M
AGE
62
TENURE
4.5 yrs

Lina Chan

TITLE
COO & Executive Director
COMPENSATION
HK$3M
AGE
61
TENURE
4.5 yrs

Cheuk Man Wong

TITLE
Financial Controller & Company Secretary
AGE
53
TENURE
9.9 yrs

Tsz Fung Lau

TITLE
Vice President of Sales & Marketing
AGE
32
TENURE
5.7 yrs
Board of Directors Tenure

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

3.8
Average Tenure
60
Average Age
  • The tenure for the AP Rentals Holdings board of directors is about average.
Board of Directors

Pong Sing Lau

TITLE
Chairman of the Board & CEO
COMPENSATION
HK$3M
AGE
62
TENURE
4.5 yrs

Lina Chan

TITLE
COO & Executive Director
COMPENSATION
HK$3M
AGE
61
TENURE
4.5 yrs

Chak Yu Siu

TITLE
Independent Non-Executive Director
COMPENSATION
HK$240K
AGE
58
TENURE
3.8 yrs

Ping Chi Li

TITLE
Independent Non-Executive Director
COMPENSATION
HK$240K
AGE
59
TENURE
3.8 yrs

Raymond Ho

TITLE
Independent Non-Executive Director
COMPENSATION
HK$600K
AGE
80
TENURE
3.8 yrs

Nakazawa Tomokatsu

TITLE
Non-Executive Director
AGE
46
TENURE
1 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 (HK$) Value (HK$)
X
Management checks
We assess AP Rentals 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. AP Rentals 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

Volatility 101: Should AP Rentals Holdings (HKG:1496) Shares Have Dropped 48%?

We regret to report that long term AP Rentals Holdings Limited (HKG:1496) shareholders have had that experience, with the share price dropping 48% in three years, versus a market return of about 13%. … Over the three years that the share price declined, AP Rentals Holdings's earnings per share (EPS) dropped significantly, falling to a loss. … Dividends have been really beneficial for AP Rentals Holdings shareholders, and that cash payout explains why its total shareholder loss of 46%, over the last 3 years, isn't as bad as the share price return.

Simply Wall St -

AP Rentals Holdings (HKG:1496) Seems To Be Really Weighed Down By Its Debt

As you can see below, AP Rentals Holdings had HK$17.5m of debt at March 2019, down from HK$20.1m a year prior. … SEHK:1496 Historical Debt, July 17th 2019 How Strong Is AP Rentals Holdings's Balance Sheet? … The latest balance sheet data shows that AP Rentals Holdings had liabilities of HK$64.6m due within a year, and liabilities of HK$26.9m falling due after that.

Simply Wall St -

Should AP Rentals Holdings Limited’s (HKG:1496) Weak Investment Returns Worry You?

The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for AP Rentals Holdings: 0.004 = HK$1.1m ÷ (HK$321m - HK$51m) (Based on the trailing twelve months to September 2018.) Therefore, AP Rentals Holdings has an ROCE of 0.4%. … AP Rentals Holdings's Current Liabilities And Their Impact On Its ROCE Short term (or current) liabilities, are things like supplier invoices, overdrafts, or tax bills that need to be paid within 12 months. … What We Can Learn From AP Rentals Holdings's ROCE AP Rentals Holdings has a poor ROCE, and there may be better investment prospects out there.

Simply Wall St -

Does AP Rentals Holdings Limited's (HKG:1496) CEO Pay Reflect Performance?

Check out our latest analysis for AP Rentals Holdings How Does Pong Sing Lau's Compensation Compare With Similar Sized Companies? … Our data indicates that AP Rentals Holdings Limited is worth HK$238m, and total annual CEO compensation is HK$3.2m. … We compared total CEO remuneration at AP Rentals Holdings Limited with the amount paid at companies with a similar market capitalization.

Simply Wall St -

What Does AP Rentals Holdings Limited's (HKG:1496) P/E Ratio Tell You?

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … We'll apply a basic P/E ratio analysis to AP Rentals Holdings Limited's (HKG:1496), to help you decide if the stock is worth further research. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

With A 3.3% Return On Equity, Is AP Rentals Holdings Limited (HKG:1496) A Quality Stock?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … That means that for every HK$1 worth of shareholders' equity, it generated HK$0.033 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Did You Manage To Avoid AP Rentals Holdings's 12% Share Price Drop?

That downside risk was realized by AP Rentals Holdings Limited (HKG:1496) shareholders over the last year, as the share price declined 12%. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers)

Simply Wall St -

What Kind Of Shareholders Own AP Rentals Holdings Limited (HKG:1496)?

A look at the shareholders of AP Rentals Holdings Limited (HKG:1496) can tell us which group is most powerful. … Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … With a market capitalization of HK$320m, AP Rentals Holdings is a small cap stock, so it might not be well known by many institutional investors.

Simply Wall St -

Should We Be Cautious About AP Rentals Holdings Limited's (HKG:1496) ROE Of 3.3%?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … To keep the lesson grounded in practicality, we'll use ROE to better understand AP Rentals Holdings Limited (HKG:1496). … That means that for every HK$1 worth of shareholders' equity, it generated HK$0.033 in profit.

Simply Wall St -

Is AP Rentals Holdings Limited's (HKG:1496) High P/E Ratio A Problem For Investors?

To keep it practical, we'll show how AP Rentals Holdings Limited's (HKG:1496) P/E ratio could help you assess the value on offer. … Based on the last twelve months, AP Rentals Holdings's P/E ratio is 16.8. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Company Info

Description

AP Rentals Holdings Limited, an investment holding company, engages in the rental of construction, electrical and mechanical (E&M) engineering, and event and entertainment equipment in Hong Kong, Macau, and Singapore. It operates through Leasing and Trading segments. The company offers equipment planning, transportation, installation, operation, refueling and maintenance, disassembly, and other technical support services, as well as various value-added services. Its rental equipment primarily comprise power and energy equipment, high-reach equipment, and material handling equipment, as well as other equipment, such as lifting, earth moving, foundation, road and transportation, tunneling, demolition, and small equipment. The company also trades and leases machinery and parts. It serves clients in the construction, E&M engineering, and event and entertainment sectors. The company was founded in 2004 and is headquartered in Tsim Sha Tsui East, Hong Kong.

Details
Name: AP Rentals Holdings Limited
1496
Exchange: SEHK
Founded: 2004
HK$190,080,000
864,000,000
Website: http://www.aprentalshk.com
Address: AP Rentals Holdings Limited
Tower II, Unit 806A,
8th Floor,
Tsim Sha Tsui East,
Kowloon, Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1496 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 08. Apr 2016
DB 9Z6 Ordinary Shares Deutsche Boerse AG DE EUR 08. Apr 2016
Number of employees
Current staff
Staff numbers
117
AP Rentals Holdings employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/10 12:52
End of day share price update: 2019/12/09 00:00
Last estimates confirmation: 2018/06/26
Last earnings filing: 2019/11/28
Last earnings reported: 2019/09/30
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.