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PPS International (Holdings)

SEHK:8201
Snowflake Description

Excellent balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
8201
SEHK
HK$92M
Market Cap
  1. Home
  2. HK
  3. Commercial Services
Company description

PPS International (Holdings) Limited, an investment holding company, primarily provides environmental services in Hong Kong and the People’s Republic of China. The last earnings update was 5 days ago. More info.


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8201 Share Price and Events
7 Day Returns
6.3%
SEHK:8201
3.5%
HK Commercial Services
0.6%
HK Market
1 Year Returns
-22%
SEHK:8201
41.7%
HK Commercial Services
-4.5%
HK Market
8201 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
PPS International (Holdings) (8201) 6.3% 6.3% -2.9% -22% -74.2% -99.3%
HK Commercial Services 3.5% 6.8% 13.6% 41.7% -36% -50.1%
HK Market 0.6% -5.2% 2.3% -4.5% 2.9% -3.8%
1 Year Return vs Industry and Market
  • 8201 underperformed the Commercial Services industry which returned 41.7% over the past year.
  • 8201 underperformed the Market in Hong Kong which returned -4.5% over the past year.
Price Volatility
8201
Industry
5yr Volatility vs Market

8201 Value

 Is PPS International (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 PPS International (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 PPS International (Holdings).

SEHK:8201 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%
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:8201
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 1.6%
Equity Risk Premium S&P Global 6.1%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.65
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.649 (1 + (1- 25%) (39.13%))
0.892
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.89
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.55% + (0.892 * 6.07%)
6.97%

Discounted Cash Flow Calculation for SEHK:8201 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for PPS International (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:8201 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 6.97%)
2020 3.98 Est @ 96.58% 3.72
2021 6.68 Est @ 68.07% 5.84
2022 9.90 Est @ 48.12% 8.09
2023 13.28 Est @ 34.15% 10.14
2024 16.51 Est @ 24.37% 11.79
2025 19.41 Est @ 17.52% 12.96
2026 21.88 Est @ 12.73% 13.66
2027 23.93 Est @ 9.38% 13.96
2028 25.61 Est @ 7.03% 13.97
2029 26.99 Est @ 5.38% 13.77
Present value of next 10 years cash flows HK$107.00
SEHK:8201 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= HK$26.99 × (1 + 1.55%) ÷ (6.97% – 1.55%)
HK$506.15
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$506.15 ÷ (1 + 6.97%)10
HK$258.13
SEHK:8201 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$107.00 + HK$258.13
HK$365.13
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$365.13 / 540.00
HK$0.68
SEHK:8201 Discount to Share Price
Calculation Result
Value per share (HKD) From above. HK$0.68
Current discount Discount to share price of HK$0.17
= -1 x (HK$0.17 - HK$0.68) / HK$0.68
74.9%

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

Current Discount
Amount off the current price PPS International (Holdings) is available for.
Intrinsic value
>50%
Share price is HK$0.17 vs Future cash flow value of HK$0.67617
Current Discount Checks
For PPS International (Holdings) to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • PPS International (Holdings)'s share price is below the future cash flow value, and at a moderate discount (> 20%).
  • PPS International (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 PPS International (Holdings)'s earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are PPS International (Holdings)'s earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:8201 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in HKD HK$0.01
SEHK:8201 Share Price ** SEHK (2020-02-18) in HKD HK$0.17
Hong Kong Commercial Services Industry PE Ratio Median Figure of 54 Publicly-Listed Commercial Services Companies 11.86x
Hong Kong Market PE Ratio Median Figure of 1,495 Publicly-Listed Companies 10.06x

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

** Primary Listing of PPS International (Holdings).

SEHK:8201 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:8201 Share Price ÷ EPS (both in HKD)

= 0.17 ÷ 0.01

16.64x

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

  • PPS International (Holdings) is overvalued based on earnings compared to the HK Commercial Services industry average.
  • PPS International (Holdings) is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does PPS International (Holdings)'s expected growth come at a high price?
Raw Data
SEHK:8201 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.64x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Hong Kong Commercial Services Industry PEG Ratio Median Figure of 8 Publicly-Listed Commercial Services Companies 1.27x
Hong Kong Market PEG Ratio Median Figure of 486 Publicly-Listed Companies 0.76x

*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 PPS International (Holdings), we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on PPS International (Holdings)'s assets?
Raw Data
SEHK:8201 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in HKD HK$0.39
SEHK:8201 Share Price * SEHK (2020-02-18) in HKD HK$0.17
Hong Kong Commercial Services Industry PB Ratio Median Figure of 72 Publicly-Listed Commercial Services Companies 1.14x
Hong Kong Market PB Ratio Median Figure of 2,241 Publicly-Listed Companies 0.82x
SEHK:8201 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:8201 Share Price ÷ Book Value per Share (both in HKD)

= 0.17 ÷ 0.39

0.43x

* Primary Listing of PPS International (Holdings).

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

  • PPS International (Holdings) is good value based on assets compared to the HK Commercial Services industry average.
X
Value checks
We assess PPS International (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. PPS International (Holdings) has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

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

8201 Future Performance

 How is PPS International (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 PPS International (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
28.2%
Expected Commercial Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is PPS International (Holdings) expected to grow at an attractive rate?
  • Unable to compare PPS International (Holdings)'s earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare PPS International (Holdings)'s earnings growth to the Hong Kong market average as no estimate data is available.
  • Unable to compare PPS International (Holdings)'s revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:8201 Future Growth Rates Data Sources
Data Point Source Value (per year)
Hong Kong Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 28.2%
Hong Kong Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 26.1%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.8%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.5%

*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:8201 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month 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:8201 Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
SEHK:8201 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2019-12-31 340 12 6
2019-09-30 327 14
2019-06-30 316 -39 18
2019-03-31 313 17
2018-12-31 322 2 10
2018-09-30 321 -4
2018-06-30 320 21 -8
2018-03-31 309 -20
2017-12-31 293 -67 -24
2017-09-30 281 -13
2017-06-30 270 -62 -16
2017-03-31 265 -27

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if PPS International (Holdings) is high growth as no earnings estimate data is available.
  • Unable to determine if PPS International (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:8201 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from PPS International (Holdings) Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:8201 Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
SEHK:8201 Past Financials Data
Date (Data in HKD Millions) EPS *
2019-12-31 0.01
2019-09-30 0.03
2019-06-30 0.03
2019-03-31 0.03
2018-12-31 0.02
2018-09-30 -0.01
2018-06-30 -0.03
2018-03-31 -0.07
2017-12-31 -0.09
2017-09-30 -0.05
2017-06-30 -0.07
2017-03-31 -0.14

*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 PPS International (Holdings) will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether PPS International (Holdings) is trading at PPS International (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. PPS International (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
  3. PPS International (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 PPS International (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 Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong 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.
PPS International (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.

8201 Past Performance

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

SEHK:8201 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 340.26 5.54 25.50
2019-09-30 326.90 13.98 26.65
2019-06-30 316.09 18.48 26.38
2019-03-31 312.82 16.70 23.01
2018-12-31 321.77 10.29 28.09
2018-09-30 320.89 -4.06 39.64
2018-06-30 319.85 -8.29 41.19
2018-03-31 309.27 -19.54 48.03
2017-12-31 292.75 -24.44 49.14
2017-09-30 280.94 -13.03 37.60
2017-06-30 270.22 -15.50 37.38
2017-03-31 264.63 -27.16 48.70
2016-12-31 262.38 -29.25 51.38
2016-09-30 260.33 -45.07 61.60
2016-06-30 256.52 -46.34 63.10
2016-03-31 242.07 -48.83 49.92
2015-12-31 230.37 -46.06 45.88
2015-09-30 216.53 -32.53 36.25
2015-06-30 202.19 -27.21 30.81
2015-03-31 198.15 -0.87 27.52
2014-12-31 191.01 8.46 20.23
2014-09-30 189.26 11.80 16.91
2014-06-30 193.10 13.09 16.08
2014-03-31 196.25 6.97 16.43
2013-12-31 200.30 6.93 16.24
2013-09-30 200.56 5.75 15.51
2013-06-30 194.55 3.10 14.87

*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.
  • PPS International (Holdings) has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • PPS International (Holdings) used its assets less efficiently than the HK Commercial Services industry average last year based on Return on Assets.
  • PPS International (Holdings) has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess PPS International (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.
PPS International (Holdings) has a total score of 2/6, 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.

8201 Health

 How is PPS International (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 PPS International (Holdings)'s finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • PPS International (Holdings) is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • PPS International (Holdings)'s cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of PPS International (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 6.7x 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 PPS International (Holdings) Company Filings, last reported 1 month ago.

SEHK:8201 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 213.76 33.63 42.26
2019-09-30 216.33 9.72 55.15
2019-06-30 216.33 9.67 55.15
2019-03-31 207.04 10.09 73.25
2018-12-31 207.04 9.67 73.25
2018-09-30 150.43 59.09 118.67
2018-06-30 150.43 58.50 118.67
2018-03-31
2017-12-31 149.72 54.94 85.48
2017-09-30 151.43 10.46 56.59
2017-06-30 151.43 9.44 56.59
2017-03-31
2016-12-31 113.71 12.01 62.38
2016-09-30 118.42 14.45 69.98
2016-06-30 118.42 13.62 69.98
2016-03-31
2015-12-31 125.43 9.30 92.62
2015-09-30 76.64 10.34 48.70
2015-06-30 76.64 9.51 48.70
2015-03-31
2014-12-31 106.16 9.99 72.78
2014-09-30 64.47 4.84 38.19
2014-06-30 64.47 1.28 38.19
2014-03-31
2013-12-31 58.20 1.76 34.71
2013-09-30 53.37 6.94 30.44
2013-06-30 53.37 0.00 30.44
  • PPS International (Holdings)'s level of debt (15.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (9.4% vs 15.7% today).
  • Debt is well covered by operating cash flow (35.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 20.5x coverage).
X
Financial health checks
We assess PPS International (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. PPS International (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.

8201 Dividends

 What is PPS International (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 PPS International (Holdings) dividends.
If you bought HK$2,000 of PPS International (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 PPS International (Holdings)'s dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate PPS International (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:8201 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 Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 23 Stocks 1.5%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 964 Stocks 3.6%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.2%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.3%
Hong Kong Top 25% Dividend Yield 75th Percentile 6.4%

Industry and Market average data is calculated daily.

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

SEHK:8201 Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts
SEHK:8201 Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2015-05-14 0.000 0.000
2015-05-12 0.000 0.000
2015-02-13 0.000 0.000
2015-02-10 0.000 0.000
2014-11-13 0.000 0.000
2014-11-11 0.000 0.000
2014-09-26 0.000 0.000
2014-09-25 0.000 0.000
2013-09-26 0.020 0.352

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

  • Unable to perform a dividend volatility check as PPS International (Holdings) has not reported any payouts.
  • Unable to verify if PPS International (Holdings)'s dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of PPS International (Holdings)'s earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as PPS International (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 PPS International (Holdings)'s dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - 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 PPS International (Holdings) afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. PPS International (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.

8201 Management

 What is the CEO of PPS International (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
Shaoheng Yu
COMPENSATION HK$1,239,000
AGE 34
TENURE AS CEO 2.3 years
CEO Bio

Mr. Shaoheng Yu has been Chairman of the Board of PPS International (Holdings) Limited since July 2, 2019. Mr. Yu has been Compliance Officer at PPS International (Holdings) Limited. since January 11, 2017 and its Chief Executive Officer since November 28, 2017. Mr. Yu has been an Executive Director of PPS International (Holdings) Limited since October 28, 2016. Mr. Yu serves as a Supervisor at Ulaanchab Kejie Gas Limited Liability Company. He serves as the Chairman of Shaanxi Hengze Industrial Corporation Limited. He served as a Non-Executive Director of China New Energy Power Group Limited (now Lamtex Holdings Limited) since March 14, 2016 until August 30, 2016. He is a Member of the China Gas Association.

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

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

2.8
Average Tenure
36.5
Average Age
  • The tenure for the PPS International (Holdings) management team is about average.
Management Team

Shaoheng Yu

TITLE
Chairman
COMPENSATION
HK$1M
AGE
34
TENURE
2.3 yrs

Tin Lai

TITLE
Executive Director
COMPENSATION
HK$973K
AGE
35
TENURE
1.6 yrs

Woon Wing Chan

TITLE
Company Secretary
AGE
38
TENURE
3.3 yrs

Xiaozheng Zhang

TITLE
General Manager
AGE
68
TENURE
3.8 yrs
Board of Directors Tenure

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

1.6
Average Tenure
35
Average Age
  • The average tenure for the PPS International (Holdings) board of directors is less than 3 years, this suggests a new board.
Board of Directors

Shaoheng Yu

TITLE
Chairman
COMPENSATION
HK$1M
AGE
34
TENURE
0.6 yrs

Tin Lai

TITLE
Executive Director
COMPENSATION
HK$973K
AGE
35
TENURE
1.6 yrs

Jack Kwong

TITLE
Independent Non-Executive Director
COMPENSATION
HK$120K
AGE
36
TENURE
3.8 yrs

Hiu-Fong Wong

TITLE
Independent Non-Executive Director
COMPENSATION
HK$120K
AGE
50
TENURE
1.9 yrs

Enhai Meng

TITLE
Independent Non-Executive Director
COMPENSATION
HK$110K
AGE
33
TENURE
1.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
20. Mar 19 Buy Shaoheng Yu Individual 18. Mar 19 18. Mar 19 14,202,000 HK$0.20 HK$2,840,418
08. Mar 19 Sell Chak-Fu Shiu Individual 06. Mar 19 06. Mar 19 -21,600,000 HK$0.18 HK$-3,887,937
08. Mar 19 Buy Shaoheng Yu Individual 06. Mar 19 06. Mar 19 21,600,000 HK$0.18 HK$3,887,937
X
Management checks
We assess PPS International (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. PPS International (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.

8201 News

Simply Wall St News

Before You Invest In PPS International (Holdings) Limited (HKG:8201), Consider This

Given that PPS International (Holdings) is spending more money than it earns, it will need to fund its expenses via external sources of capital. … Currently, PPS International (Holdings) has HK$85.48m in cash holdings and producing negative cash flows from its day-to-day activities of -HK$67.07m … The biggest threat facing PPS International (Holdings)’s investor is the company going out of business when it runs out of money and cannot raise any more capital.

Simply Wall St -

Who Are The Major Shareholders Of PPS International (Holdings) Limited (HKG:8201)?

In this article, I'm going to take a look at PPS International (Holdings) Limited’s (HKG:8201) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … When it comes to ownership structure of a company, the impact has been observed in both the long-and short-term performance of shares. … See our latest analysis for PPS International (Holdings)

Simply Wall St -

What Investors Should Know About PPS International (Holdings) Limited's (HKG:8201) Financial Strength

With this debt payback, the current cash and short-term investment levels stands at HK$56.59M , ready to deploy into the business. … 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. … 8201's risk around capital structure is low, and the company has the headroom and ability to raise debt should it need to in the future.Next Steps: 8201’s cash flow coverage indicates it could improve its operating efficiency in order to meet demand for debt repayments should unforeseen events arise.

Simply Wall St -

Who Are The Largest Shareholders In PPS International (Holdings) Limited (HKG:8201)?

In this article, I'm going to take a look at PPS International (Holdings) Limited’s (SEHK:8201) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … View our latest analysis for PPS International (Holdings) SEHK:8201 Ownership_summary Feb 13th 18 Insider Ownership Insiders form another group of important ownership types as they manage the company's operations and decide the best use of capital. … Private Company Ownership Potential investors in 8201 should also look at another important group of investors: private companies, with a stake of 2.72%, who are primarily invested because of strategic and capital gain interests.

Simply Wall St -

How Does PPS International (Holdings) Limited's (HKG:8201) Earnings Growth Stack Up Against Industry Performance?

Check out our latest analysis for PPS International (Holdings) Did 8201's recent earnings growth beat the long-term trend and the industry? … For PPS International (Holdings), its latest trailing-twelve-month earnings is -HK$13.0M, which compared to last year’s level, has become less negative. … SEHK:8201 Income Statement Jan 30th 18 We can further evaluate PPS International (Holdings)'s loss by looking at what the industry has been experiencing over the past few years.

Simply Wall St -

PPS International (Holdings) Limited (HKG:8201): Time For A Financial Health Check

With this reduction in debt, the current cash and short-term investment levels stands at HK$56.6M for investing into the business. … Though 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. … Although 8201’s debt level is relatively low, its cash flow levels still could not copiously cover its borrowings.

Simply Wall St -

8201 Company Info

Description

PPS International (Holdings) Limited, an investment holding company, primarily provides environmental services in Hong Kong and the People’s Republic of China. It operates through Environmental and Cleaning, Money Lending, and Investments segments. The company offers public area and office cleaning services, such as cleaning of public areas, carpets, floors, toilets, changing rooms, lifts, and escalators; and emptying of garbage bins at commercial buildings and their tenants, residential complexes, shopping arcades, and hotels, as well as at public transport facilities, such as airports, ferries, ferry terminals, and cargo and logistics centers and depots. It also provides overnight kitchen cleaning services primarily at private clubs and hotels; external wall and window cleaning services; stone floor maintenance and restoration services; pest control and fumigation services; and waste management and disposal solutions, such as collection, transportation, and disposal of household waste, construction waste, and trade waste, as well as sells recyclable waste, such as paper, metal, and plastic waste. In addition, the company provides housekeeping services at local boutique hotels, hostels, and serviced apartments; secure and confidential waste destruction services for commercial clients; sanitation solutions for yacht; and cleaning and waste management solutions for renovated apartments. Further, it engages in provision of airline catering support services; and money lending and financial assets investment businesses. PPS International (Holdings) Limited was founded in 1978 and is headquartered in North Point, Hong Kong.

Details
Name: PPS International (Holdings) Limited
8201
Exchange: SEHK
Founded: 1978
HK$91,800,000
540,000,000
Website: http://www.ppsintholdings.com
Address: PPS International (Holdings) Limited
Capital Tower,
Tower A,
Kowloon,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 8201 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 17. Jun 2013
Number of employees
Current staff
Staff numbers
1,195
PPS International (Holdings) employees.
Industry
Diversified Support Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/02/19 13:09
End of day share price update: 2020/02/18 00:00
Last estimates confirmation: 2019/09/24
Last earnings filing: 2020/02/14
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/06/30


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

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