View ValuationCathay Biotech 향후 성장Future 기준 점검 1/6Cathay Biotech (는) 각각 연간 17% 및 10.7% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 16.8% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 5.1% 로 예상됩니다.핵심 정보17.0%이익 성장률16.81%EPS 성장률Chemicals 이익 성장30.6%매출 성장률10.7%향후 자기자본이익률5.15%애널리스트 커버리지Low마지막 업데이트19 May 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updatesBoard Change • May 20Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Xiang Yang Wu was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.공시 • Mar 30Cathay Biotech Inc. to Report Q1, 2026 Results on Apr 30, 2026Cathay Biotech Inc. announced that they will report Q1, 2026 results on Apr 30, 2026공시 • Dec 26Cathay Biotech Inc. to Report Fiscal Year 2025 Results on Apr 24, 2026Cathay Biotech Inc. announced that they will report fiscal year 2025 results on Apr 24, 2026공시 • Sep 30Cathay Biotech Inc. to Report Q3, 2025 Results on Oct 31, 2025Cathay Biotech Inc. announced that they will report Q3, 2025 results on Oct 31, 2025공시 • Jun 30Cathay Biotech Inc. to Report First Half, 2025 Results on Aug 16, 2025Cathay Biotech Inc. announced that they will report first half, 2025 results on Aug 16, 2025공시 • Jun 04Cathay Biotech Inc., Annual General Meeting, Jun 27, 2025Cathay Biotech Inc., Annual General Meeting, Jun 27, 2025, at 14:00 China Standard Time. Location: 9F, No. 11, Lane 396, Lvzhou Ring Road, Minhang District, Shanghai China공시 • Mar 28Cathay Biotech Inc. to Report Q1, 2025 Results on Apr 30, 2025Cathay Biotech Inc. announced that they will report Q1, 2025 results on Apr 30, 2025공시 • Dec 27Cathay Biotech Inc. to Report Fiscal Year 2024 Results on Apr 03, 2025Cathay Biotech Inc. announced that they will report fiscal year 2024 results on Apr 03, 2025Reported Earnings • Oct 31Third quarter 2024 earnings released: EPS: CN¥0.17 (vs CN¥0.13 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.17 (up from CN¥0.13 in 3Q 2023). Revenue: CN¥770.8m (up 44% from 3Q 2023). Net income: CN¥97.7m (up 36% from 3Q 2023). Profit margin: 13% (in line with 3Q 2023).공시 • Oct 22Cathay Biotech Inc. (SHSE:688065) announces an Equity Buyback for CNY 20 million worth of its shares.Cathay Biotech Inc. announces a share repurchase program. Under the program, the company will repurchase up to CNY 20 million worth of its shares. The shares will be repurchased at a price of not more than CNY 67 per share. The repurchased shares will be used for employee stock ownership plans or equity incentives. Repurchases will be funded using company's own funds or self-raised funds. The program will be valid till 12 months from approval of board.Valuation Update With 7 Day Price Move • Oct 15Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to CN¥46.38, the stock trades at a trailing P/E ratio of 72.5x. Average trailing P/E is 31x in the Chemicals industry in China. Total loss to shareholders of 13% over the past year.공시 • Sep 30Cathay Biotech Inc. to Report Q3, 2024 Results on Oct 31, 2024Cathay Biotech Inc. announced that they will report Q3, 2024 results on Oct 31, 2024Valuation Update With 7 Day Price Move • Sep 27Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥38.08, the stock trades at a trailing P/E ratio of 63.6x. Average trailing P/E is 29x in the Chemicals industry in China. Total loss to shareholders of 31% over the past year.Reported Earnings • Aug 16Second quarter 2024 earnings released: EPS: CN¥0.24 (vs CN¥0.30 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.24 (down from CN¥0.30 in 2Q 2023). Revenue: CN¥759.8m (up 45% from 2Q 2023). Net income: CN¥142.2m (down 23% from 2Q 2023). Profit margin: 19% (down from 35% in 2Q 2023). The decrease in margin was driven by higher expenses.공시 • Jun 28Cathay Biotech Inc. to Report First Half, 2024 Results on Aug 31, 2024Cathay Biotech Inc. announced that they will report first half, 2024 results on Aug 31, 2024공시 • Jun 06Cathay Biotech Inc., Annual General Meeting, Jun 27, 2024Cathay Biotech Inc., Annual General Meeting, Jun 27, 2024, at 14:00 China Standard Time. Location: 9F, No. 11, Lane 396, Lvzhou Ring Road, Minhang District, Shanghai ChinaReported Earnings • May 01First quarter 2024 earnings released: EPS: CN¥0.18 (vs CN¥0.10 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.18 (up from CN¥0.10 in 1Q 2023). Revenue: CN¥684.5m (up 35% from 1Q 2023). Net income: CN¥105.3m (up 83% from 1Q 2023). Profit margin: 15% (up from 11% in 1Q 2023). The increase in margin was driven by higher revenue.Valuation Update With 7 Day Price Move • Apr 29Investor sentiment improves as stock rises 21%After last week's 21% share price gain to CN¥49.16, the stock trades at a trailing P/E ratio of 78.1x. Average trailing P/E is 32x in the Chemicals industry in China. Total loss to shareholders of 7.2% over the past year.New Risk • Apr 09New major risk - Revenue and earnings growthEarnings have declined by 0.06% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.공시 • Mar 30Cathay Biotech Inc. to Report Q1, 2024 Results on Apr 30, 2024Cathay Biotech Inc. announced that they will report Q1, 2024 results on Apr 30, 2024Reported Earnings • Feb 24Full year 2023 earnings released: EPS: CN¥0.63 (vs CN¥0.95 in FY 2022)Full year 2023 results: EPS: CN¥0.63 (down from CN¥0.95 in FY 2022). Revenue: CN¥2.11b (down 13% from FY 2022). Net income: CN¥367.0m (down 34% from FY 2022). Profit margin: 17% (down from 23% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 49% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Chemicals industry in China.공시 • Dec 29Cathay Biotech Inc. to Report Fiscal Year 2023 Results on Apr 30, 2024Cathay Biotech Inc. announced that they will report fiscal year 2023 results on Apr 30, 2024Reported Earnings • Nov 02Third quarter 2023 earnings released: EPS: CN¥0.13 (vs CN¥0.25 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.13 (down from CN¥0.25 in 3Q 2022). Revenue: CN¥535.1m (down 2.5% from 3Q 2022). Net income: CN¥72.0m (down 52% from 3Q 2022). Profit margin: 14% (down from 27% in 3Q 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 53% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Chemicals industry in China.공시 • Aug 18Cathay Biotech Inc. (SHSE:688065) announces an Equity Buyback for CNY 100 million worth of its shares.Cathay Biotech Inc. announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The program will be valid for a period of 12 months.Reported Earnings • Aug 08Second quarter 2023 earnings released: EPS: CN¥0.30 (vs CN¥0.28 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.30 (up from CN¥0.28 in 2Q 2022). Revenue: CN¥525.0m (down 16% from 2Q 2022). Net income: CN¥184.4m (up 14% from 2Q 2022). Profit margin: 35% (up from 26% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 56% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Chemicals industry in China.공시 • Jun 28Cathay Biotech Inc. to Report First Half, 2023 Results on Aug 16, 2023Cathay Biotech Inc. announced that they will report first half, 2023 results on Aug 16, 2023공시 • Jun 27Cathay Biotech Inc. announced that it expects to receive CNY 6.6 billion in funding from China Merchants Group LimitedCathay Biotech Inc. announced a private placement of common shares for gross proceeds up to CNY 6,600 million on June 25, 2023. The transaction will include participation from new investor China Merchants Group Limited. The transaction is subject to the approval of shareholders of the company.Reported Earnings • Apr 26Full year 2022 earnings released: EPS: CN¥0.95 (vs CN¥1.04 in FY 2021)Full year 2022 results: EPS: CN¥0.95 (down from CN¥1.04 in FY 2021). Revenue: CN¥2.44b (up 11% from FY 2021). Net income: CN¥553.3m (down 9.0% from FY 2021). Profit margin: 23% (down from 28% in FY 2021). The decrease in margin was driven by higher expenses.Board Change • Mar 15Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.이익 및 매출 성장 예측XSSC:688065 - 애널리스트 향후 추정치 및 과거 재무 데이터 (CNY Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20284,5091,016N/A1,470112/31/20274,052943N/A744112/31/20263,568848N/A1,13613/31/20263,394589-463296N/A12/31/20253,295561-339404N/A9/30/20253,288594-327418N/A6/30/20253,18455088725N/A3/31/20253,04952133693N/A12/31/20242,958489-22821N/A9/30/20242,764398-157715N/A6/30/20242,528372-686681N/A3/31/20242,293414-840705N/A12/31/20232,114367-1,000569N/A9/30/20232,169381-1,515685N/A6/30/20232,183459-2,031766N/A3/31/20232,285436-2,889738N/A12/31/20222,441553-3,395804N/A9/30/20222,447605-3,399794N/A6/30/20222,517619-2,748601N/A3/31/20222,538628-1,848610N/A12/31/20212,363595-880579N/A9/30/20212,099612-409684N/A6/30/20211,839564-231637N/A3/31/20211,579481-48659N/A12/31/20201,497458-248515N/A9/30/20201,482428-139201N/A6/30/20201,601432-70403N/A3/31/20201,722475-337290N/A12/31/20191,916479N/A360N/A12/31/20181,757466N/A-10N/A12/31/20171,363333N/A53N/A12/31/2016929145N/A-129N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 688065 의 연간 예상 수익 증가율(17%)이 saving rate(2.4%)보다 높습니다.수익 vs 시장: 688065 의 연간 수익(17%)이 CN 시장(27.2%)보다 느리게 성장할 것으로 예상됩니다.고성장 수익: 688065 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: 688065 의 수익(연간 10.7%)이 CN 시장(연간 16.2%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: 688065 의 수익(연간 10.7%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 688065의 자본 수익률은 3년 후 5.1%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YMaterials 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/22 14:44종가2026/05/22 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Cathay Biotech Inc.는 2명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Junjun ZhuHaitong International Research LimitedTing Zhou ZhuangHuatai Research
Board Change • May 20Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Xiang Yang Wu was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
공시 • Mar 30Cathay Biotech Inc. to Report Q1, 2026 Results on Apr 30, 2026Cathay Biotech Inc. announced that they will report Q1, 2026 results on Apr 30, 2026
공시 • Dec 26Cathay Biotech Inc. to Report Fiscal Year 2025 Results on Apr 24, 2026Cathay Biotech Inc. announced that they will report fiscal year 2025 results on Apr 24, 2026
공시 • Sep 30Cathay Biotech Inc. to Report Q3, 2025 Results on Oct 31, 2025Cathay Biotech Inc. announced that they will report Q3, 2025 results on Oct 31, 2025
공시 • Jun 30Cathay Biotech Inc. to Report First Half, 2025 Results on Aug 16, 2025Cathay Biotech Inc. announced that they will report first half, 2025 results on Aug 16, 2025
공시 • Jun 04Cathay Biotech Inc., Annual General Meeting, Jun 27, 2025Cathay Biotech Inc., Annual General Meeting, Jun 27, 2025, at 14:00 China Standard Time. Location: 9F, No. 11, Lane 396, Lvzhou Ring Road, Minhang District, Shanghai China
공시 • Mar 28Cathay Biotech Inc. to Report Q1, 2025 Results on Apr 30, 2025Cathay Biotech Inc. announced that they will report Q1, 2025 results on Apr 30, 2025
공시 • Dec 27Cathay Biotech Inc. to Report Fiscal Year 2024 Results on Apr 03, 2025Cathay Biotech Inc. announced that they will report fiscal year 2024 results on Apr 03, 2025
Reported Earnings • Oct 31Third quarter 2024 earnings released: EPS: CN¥0.17 (vs CN¥0.13 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.17 (up from CN¥0.13 in 3Q 2023). Revenue: CN¥770.8m (up 44% from 3Q 2023). Net income: CN¥97.7m (up 36% from 3Q 2023). Profit margin: 13% (in line with 3Q 2023).
공시 • Oct 22Cathay Biotech Inc. (SHSE:688065) announces an Equity Buyback for CNY 20 million worth of its shares.Cathay Biotech Inc. announces a share repurchase program. Under the program, the company will repurchase up to CNY 20 million worth of its shares. The shares will be repurchased at a price of not more than CNY 67 per share. The repurchased shares will be used for employee stock ownership plans or equity incentives. Repurchases will be funded using company's own funds or self-raised funds. The program will be valid till 12 months from approval of board.
Valuation Update With 7 Day Price Move • Oct 15Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to CN¥46.38, the stock trades at a trailing P/E ratio of 72.5x. Average trailing P/E is 31x in the Chemicals industry in China. Total loss to shareholders of 13% over the past year.
공시 • Sep 30Cathay Biotech Inc. to Report Q3, 2024 Results on Oct 31, 2024Cathay Biotech Inc. announced that they will report Q3, 2024 results on Oct 31, 2024
Valuation Update With 7 Day Price Move • Sep 27Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥38.08, the stock trades at a trailing P/E ratio of 63.6x. Average trailing P/E is 29x in the Chemicals industry in China. Total loss to shareholders of 31% over the past year.
Reported Earnings • Aug 16Second quarter 2024 earnings released: EPS: CN¥0.24 (vs CN¥0.30 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.24 (down from CN¥0.30 in 2Q 2023). Revenue: CN¥759.8m (up 45% from 2Q 2023). Net income: CN¥142.2m (down 23% from 2Q 2023). Profit margin: 19% (down from 35% in 2Q 2023). The decrease in margin was driven by higher expenses.
공시 • Jun 28Cathay Biotech Inc. to Report First Half, 2024 Results on Aug 31, 2024Cathay Biotech Inc. announced that they will report first half, 2024 results on Aug 31, 2024
공시 • Jun 06Cathay Biotech Inc., Annual General Meeting, Jun 27, 2024Cathay Biotech Inc., Annual General Meeting, Jun 27, 2024, at 14:00 China Standard Time. Location: 9F, No. 11, Lane 396, Lvzhou Ring Road, Minhang District, Shanghai China
Reported Earnings • May 01First quarter 2024 earnings released: EPS: CN¥0.18 (vs CN¥0.10 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.18 (up from CN¥0.10 in 1Q 2023). Revenue: CN¥684.5m (up 35% from 1Q 2023). Net income: CN¥105.3m (up 83% from 1Q 2023). Profit margin: 15% (up from 11% in 1Q 2023). The increase in margin was driven by higher revenue.
Valuation Update With 7 Day Price Move • Apr 29Investor sentiment improves as stock rises 21%After last week's 21% share price gain to CN¥49.16, the stock trades at a trailing P/E ratio of 78.1x. Average trailing P/E is 32x in the Chemicals industry in China. Total loss to shareholders of 7.2% over the past year.
New Risk • Apr 09New major risk - Revenue and earnings growthEarnings have declined by 0.06% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.
공시 • Mar 30Cathay Biotech Inc. to Report Q1, 2024 Results on Apr 30, 2024Cathay Biotech Inc. announced that they will report Q1, 2024 results on Apr 30, 2024
Reported Earnings • Feb 24Full year 2023 earnings released: EPS: CN¥0.63 (vs CN¥0.95 in FY 2022)Full year 2023 results: EPS: CN¥0.63 (down from CN¥0.95 in FY 2022). Revenue: CN¥2.11b (down 13% from FY 2022). Net income: CN¥367.0m (down 34% from FY 2022). Profit margin: 17% (down from 23% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 49% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Chemicals industry in China.
공시 • Dec 29Cathay Biotech Inc. to Report Fiscal Year 2023 Results on Apr 30, 2024Cathay Biotech Inc. announced that they will report fiscal year 2023 results on Apr 30, 2024
Reported Earnings • Nov 02Third quarter 2023 earnings released: EPS: CN¥0.13 (vs CN¥0.25 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.13 (down from CN¥0.25 in 3Q 2022). Revenue: CN¥535.1m (down 2.5% from 3Q 2022). Net income: CN¥72.0m (down 52% from 3Q 2022). Profit margin: 14% (down from 27% in 3Q 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 53% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Chemicals industry in China.
공시 • Aug 18Cathay Biotech Inc. (SHSE:688065) announces an Equity Buyback for CNY 100 million worth of its shares.Cathay Biotech Inc. announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The program will be valid for a period of 12 months.
Reported Earnings • Aug 08Second quarter 2023 earnings released: EPS: CN¥0.30 (vs CN¥0.28 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.30 (up from CN¥0.28 in 2Q 2022). Revenue: CN¥525.0m (down 16% from 2Q 2022). Net income: CN¥184.4m (up 14% from 2Q 2022). Profit margin: 35% (up from 26% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 56% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Chemicals industry in China.
공시 • Jun 28Cathay Biotech Inc. to Report First Half, 2023 Results on Aug 16, 2023Cathay Biotech Inc. announced that they will report first half, 2023 results on Aug 16, 2023
공시 • Jun 27Cathay Biotech Inc. announced that it expects to receive CNY 6.6 billion in funding from China Merchants Group LimitedCathay Biotech Inc. announced a private placement of common shares for gross proceeds up to CNY 6,600 million on June 25, 2023. The transaction will include participation from new investor China Merchants Group Limited. The transaction is subject to the approval of shareholders of the company.
Reported Earnings • Apr 26Full year 2022 earnings released: EPS: CN¥0.95 (vs CN¥1.04 in FY 2021)Full year 2022 results: EPS: CN¥0.95 (down from CN¥1.04 in FY 2021). Revenue: CN¥2.44b (up 11% from FY 2021). Net income: CN¥553.3m (down 9.0% from FY 2021). Profit margin: 23% (down from 28% in FY 2021). The decrease in margin was driven by higher expenses.
Board Change • Mar 15Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.