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Chongherr Investments

ASX:CDH
Snowflake Description

Flawless balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CDH
ASX
A$651K
Market Cap
  1. Home
  2. AU
  3. Materials
Company description

Chongherr Investments Ltd, through its subsidiary, Australian Sandstones Industries Pty Ltd., engages in sandstone quarrying and production activities in Australia. The last earnings update was 201 days ago. More info.


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CDH Share Price and Events
7 Day Returns
0%
ASX:CDH
1.8%
AU Basic Materials
1.5%
AU Market
1 Year Returns
-
ASX:CDH
-25.2%
AU Basic Materials
2.2%
AU Market
CDH Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Chongherr Investments (CDH) 0% 0% - - - -
AU Basic Materials 1.8% 10.8% 5.7% -25.2% -0.2% 10.5%
AU Market 1.5% 6.5% 8.4% 2.2% 30% 6.3%
1 Year Return vs Industry and Market
  • No trading data on CDH.
  • No trading data on CDH.
Price Volatility
CDH
Industry
5yr Volatility vs Market

CDH Value

 Is Chongherr Investments 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 Chongherr Investments 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    Our calculation method for this is changing soon.

Below are the data sources, inputs and calculation used to determine the intrinsic value for Chongherr Investments.

ASX:CDH 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 8.5%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ASX:CDH
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 7.7%
Basic Materials Unlevered Beta Simply Wall St/ S&P Global 0.67
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.672 (1 + (1- 30%) (0.63%))
0.675
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (0.8 * 7.69%)
8.46%

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

The calculations below outline how an intrinsic value for Chongherr Investments is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

ASX:CDH DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (AUD, Millions) 0.03 0.03 0.02 0.02 0.02
Source Est @ -5.3% Est @ -5.3% Est @ -5.3% Est @ -5.3% Est @ -5.3%
Present Value
Discounted (@ 8.46%)
0.03 0.02 0.02 0.02 0.01
Present value of next 5 years cash flows A$0.10
ASX:CDH DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= A$0.02 × (1 + 2.31%) ÷ (8.46% – 2.31%)
A$0.37
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= A$0.37 ÷ (1 + 8.46%)5
A$0.25
ASX:CDH Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= A$0.10 + A$0.25
A$0.34
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$0.34 / 130.21
A$0
ASX:CDH Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$0.00
Current discount Discount to share price of A$0.01
= -1 x (A$0.01 - A$0.00) / A$0.00
-89.3%

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

  • The current share price of Chongherr Investments 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 Chongherr Investments's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Chongherr Investments's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:CDH PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in AUD A$-0.00
ASX:CDH Share Price ** ASX (2019-01-31) in AUD A$0.01
Australia Basic Materials Industry PE Ratio Median Figure of 6 Publicly-Listed Basic Materials Companies 16.83x
Australia Market PE Ratio Median Figure of 560 Publicly-Listed Companies 15.69x

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

** Primary Listing of Chongherr Investments.

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

= ASX:CDH Share Price ÷ EPS (both in AUD)

= 0.01 ÷ -0.00

-1.02x

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

  • Chongherr Investments is loss making, we can't compare its value to the AU Basic Materials industry average.
  • Chongherr Investments is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does Chongherr Investments's expected growth come at a high price?
Raw Data
ASX:CDH PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.02x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Australia Basic Materials Industry PEG Ratio Median Figure of 6 Publicly-Listed Basic Materials Companies 3.31x
Australia Market PEG Ratio Median Figure of 364 Publicly-Listed Companies 1.46x

*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 Chongherr Investments, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Chongherr Investments's assets?
Raw Data
ASX:CDH PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in AUD A$0.01
ASX:CDH Share Price * ASX (2019-01-31) in AUD A$0.01
Australia Basic Materials Industry PB Ratio Median Figure of 7 Publicly-Listed Basic Materials Companies 1.41x
Australia Market PB Ratio Median Figure of 1,665 Publicly-Listed Companies 1.64x
ASX:CDH PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:CDH Share Price ÷ Book Value per Share (both in AUD)

= 0.01 ÷ 0.01

0.38x

* Primary Listing of Chongherr Investments.

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

  • Chongherr Investments is good value based on assets compared to the AU Basic Materials industry average.
X
Value checks
We assess Chongherr Investments'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 Basic Materials 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 Basic Materials industry average (and greater than 0)? (1 check)
  5. Chongherr Investments has a total score of 1/6, 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.

CDH Future Performance

 How is Chongherr Investments 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 Chongherr Investments 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
7.6%
Expected Basic Materials industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Chongherr Investments expected to grow at an attractive rate?
  • Unable to compare Chongherr Investments's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Chongherr Investments's earnings growth to the Australia market average as no estimate data is available.
  • Unable to compare Chongherr Investments's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:CDH Future Growth Rates Data Sources
Data Point Source Value (per year)
Australia Basic Materials Industry Earnings Growth Rate Market Cap Weighted Average 7.6%
Australia Basic Materials Industry Revenue Growth Rate Market Cap Weighted Average 3.7%
Australia Market Earnings Growth Rate Market Cap Weighted Average 4.9%
Australia Market Revenue Growth Rate Market Cap Weighted Average 2.5%

*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
ASX:CDH Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:CDH Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-06-30 1 0 -1
2018-03-31 1 0 -1
2017-12-31 1 0 -1
2017-09-30 1 0 -1
2017-06-30 1 0 -0
2017-03-31 1 0 0
2016-12-31 1 0 0
2016-09-30 1 0 0
2016-06-30 1 0 0
2016-03-31 1 0 0
2015-12-31 1 0 0
2015-09-30 1 0 -0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Chongherr Investments is high growth as no earnings estimate data is available.
  • Unable to determine if Chongherr Investments is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:CDH Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Chongherr Investments Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:CDH Past Financials Data
Date (Data in AUD Millions) EPS *
2018-06-30 -0.00
2018-03-31 -0.01
2017-12-31 -0.01
2017-09-30 -0.00
2017-06-30 -0.00
2017-03-31 0.00
2016-12-31 0.00
2016-09-30 0.00
2016-06-30 0.00
2016-03-31 0.00
2015-12-31 0.00
2015-09-30 -0.00

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

Next steps:

  1. Examine Chongherr Investments'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. Chongherr Investments'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 Materials companies here
  3. Chongherr Investments'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 Chongherr Investments's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Chongherr Investments 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.

CDH Past Performance

  How has Chongherr Investments performed over the past 5 years?

  • Chongherr Investments's last earnings update was 201 days ago.
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 Chongherr Investments's growth in the last year to its industry (Basic Materials).
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.
  • Chongherr Investments does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Chongherr Investments's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Chongherr Investments's 1-year growth to the AU Basic Materials industry average as it is not currently profitable.
Earnings and Revenue History
Chongherr Investments'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 Chongherr Investments Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:CDH Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 1.43 -0.67 0.48
2018-03-31 1.32 -0.86 0.47
2017-12-31 1.22 -1.05 0.46
2017-09-30 1.33 -0.58 0.45
2017-06-30 1.45 -0.12 0.45
2017-03-31 1.47 0.06 0.44
2016-12-31 1.49 0.24 0.43
2016-09-30 1.30 0.21 0.39
2016-06-30 1.12 0.18 0.36
2016-03-31 1.08 0.11 0.40
2015-12-31 1.04 0.03 0.45
2015-09-30 0.99 -0.12 0.51
2015-06-30 0.94 -0.27 0.57
2015-03-31 0.83 -1.10 0.54
2014-12-31 0.73 -1.92 0.51
2014-09-30 0.92 -2.01 0.59
2014-06-30 1.12 -2.10 0.67
2014-03-31 1.41 -1.31 0.74
2013-12-31 1.70 -0.51 0.82
2013-09-30 2.13 -0.23 0.86
2013-06-30 2.56 0.05 0.90
2013-03-31 2.54 -0.18 0.91
2012-12-31 2.52 -0.41 0.92
2012-09-30 2.20 -0.47 0.85
2012-06-30 1.89 -0.53 0.78
2012-03-31 2.26 -0.14 0.80

*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 Chongherr Investments has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Chongherr Investments has efficiently used its assets last year compared to the AU Basic Materials industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Chongherr Investments 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 Chongherr Investments'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 Basic Materials 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.
Chongherr Investments 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.

CDH Health

 How is Chongherr Investments'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 Chongherr Investments's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Chongherr Investments is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Chongherr Investments's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Chongherr Investments'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 166.9x 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 Chongherr Investments Company Filings, last reported 7 months ago.

ASX:CDH Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 1.70 0.00 0.07
2018-03-31 1.70 0.00 0.07
2017-12-31 1.61 0.03 0.07
2017-09-30 1.61 0.03 0.07
2017-06-30 2.37 0.08
2017-03-31 2.37 0.08
2016-12-31 2.66 0.08 0.04
2016-09-30 2.66 0.08 0.04
2016-06-30 2.49 0.27
2016-03-31 2.49 0.27
2015-12-31 2.42 0.31
2015-09-30 2.42 0.31
2015-06-30 2.31 0.43
2015-03-31 2.31 0.43
2014-12-31 2.39 0.47
2014-09-30 2.39 0.47
2014-06-30 2.42 0.41 0.00
2014-03-31 2.42 0.41 0.00
2013-12-31 4.15 0.62 0.01
2013-09-30 4.15 0.62 0.01
2013-06-30 4.53 0.48 0.00
2013-03-31 4.53 0.48 0.00
2012-12-31 4.66 0.41 0.00
2012-09-30 4.66 0.41 0.00
2012-06-30 4.47 0.52 0.27
2012-03-31 4.47 0.52 0.27
  • Chongherr Investments's level of debt (0.2%) 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 (10.7% vs 0.2% today).
CASH RUNWAY ANALYSIS

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

  • Whilst loss making Chongherr Investments has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Chongherr Investments has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -14.5% per year.
X
Financial health checks
We assess Chongherr Investments'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. Chongherr Investments has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

CDH Dividends

 What is Chongherr Investments'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 Chongherr Investments dividends.
If you bought A$2,000 of Chongherr Investments shares you are expected to receive A$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Chongherr Investments's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Chongherr Investments's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:CDH Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Australia Basic Materials Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 4.4%
Australia Market Average Dividend Yield Market Cap Weighted Average of 423 Stocks 4.4%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.6%
Australia Bottom 25% Dividend Yield 25th Percentile 2.7%
Australia Top 25% Dividend Yield 75th Percentile 6%

Industry and Market average data is calculated daily.

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

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

  • Unable to perform a dividend volatility check as Chongherr Investments has not reported any payouts.
  • Unable to verify if Chongherr Investments's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Chongherr Investments's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Chongherr Investments 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 Chongherr Investments's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - 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 Chongherr Investments afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Chongherr Investments 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.

CDH Management

 What is the CEO of Chongherr Investments'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
Densen Liu
COMPENSATION A$57,040
CEO Bio

Mr. De Hui Liu, also known as Densen, serves as the Chairman of the Board, Chief Executive Officer and Managing Director of Chongherr Investments Ltd. Mr. Liu has over 30 years’ experience in corporate management with particular strengths in investment, company restructuring, international trades and property development. He has been a Director of Chongherr Investments Ltd. since October 7, 1999.

CEO Compensation
  • Densen's compensation has been consistent with company performance over the past year.
  • Densen's remuneration is lower than average for companies of similar size in Australia.
Management Team

Densen Liu

TITLE
Chairman
COMPENSATION
A$57K

Sophia Kong

TITLE
Company Secretary & Non-Executive Director
TENURE
15.6 yrs
Board of Directors Tenure

Average tenure of the Chongherr Investments board of directors in years:

15.7
Average Tenure
  • The average tenure for the Chongherr Investments board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Densen Liu

TITLE
Chairman
COMPENSATION
A$57K

Sophia Kong

TITLE
Company Secretary & Non-Executive Director
TENURE
15.7 yrs

Zhen Lu

TITLE
Non-Executive Director
TENURE
16.5 yrs

Shao Liu

TITLE
Non-Executive Director
TENURE
5.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
X
Management checks
We assess Chongherr Investments'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. Chongherr Investments 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.

CDH News

Simply Wall St News

One Thing To Remember About The Chongherr Investments Ltd (ASX:CDH) Share Price

If you're interested in Chongherr Investments Ltd (ASX:CDH), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

Is Chongherr Investments Ltd (ASX:CDH) A Financially Sound Company?

Chongherr Investments Ltd (ASX:CDH) is a small-cap stock with a market capitalization of AU$520.83k. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health.

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Should You Be Concerned About Chongherr Investments Ltd's (ASX:CDH) Shareholders?

When it comes to ownership structure of a company, the impact has been observed in both the long-and short-term performance of shares. … This size of ownership, while considerably small for a public company, may not be enough to change company policy if the decision is not in sync with other large shareholders. … An ownership of this size indicates a strong financial backing and has the potential to influence CDH's business strategy.

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Chongherr Investments Ltd (ASX:CDH): Time For A Financial Health Check

How does CDH’s operating cash flow stack up against its debt? … Though, CDH is only generating AU$80.59K in operating cash flow during the same period of time, resulting in an operating cash to total debt ratio of less than 1x, meaning that its operating cash is not sufficient to cover its debt. … CDH's risk around capital structure is almost non-existent, and the company has the headroom and ability to raise debt should it need to in the future.Next Steps: CDH’s high cash coverage and low debt levels indicate its ability to utilise its borrowings efficiently in order to generate ample cash flow.

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Does Chongherr Investments Ltd's (ASX:CDH) CEO Salary Reflect Performance?

Therefore I will use earnings as a proxy of Liu's performance in the past year. … In the situation of negative earnings, the company may be going through a period of reinvestment and growth, or it can be a sign of some headwind. … Usually I would look at market cap and earnings as a proxy for performance, however, CDH's negative earnings lower the effectiveness of this method.

Simply Wall St -

Before You Buy Chongherr Investments Ltd's (ASX:CDH), Consider This

This means that the change in CDH's value, whether it goes up or down, will be of a smaller degree than the change in value of the entire stock market index. … CDH's beta implies it may be a stock that investors with high-beta portfolios might find relevant if they wanted to reduce their exposure to market risk, especially during times of downturns. … CDH, with its market capitalisation of AU$651.04K, is a small-cap stock, which generally have higher beta than similar companies of larger size.

Simply Wall St -

Who Owns Chongherr Investments Ltd (ASX:CDH)?

Today, I will be analyzing Chongherr Investments Ltd’s (ASX:CDH) recent ownership structure, an important but not-so-popular subject among individual investors. … View our latest analysis for Chongherr Investments ASX:CDH Ownership_summary Feb 14th 18 Insider Ownership Another important group of shareholders are company insiders. … Insider ownership has to do more with how the company is managed and less to do with the direct impact of the magnitude of shares trading on the market.

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Is Chongherr Investments Ltd (ASX:CDH) A Financially Sound Company?

How does CDH’s operating cash flow stack up against its debt? … Moreover, CDH has generated A$0.3M in operating cash flow in the last twelve months, resulting in an operating cash to total debt ratio of 375.33%, signalling that CDH’s debt is appropriately covered by operating cash. … CDH's risk around capital structure is almost non-existent, and the company has the headroom and ability to raise debt should it need to in the future.Next Steps: CDH’s high cash coverage and low debt levels indicate its ability to utilise its borrowings efficiently in order to generate ample cash flow.

Simply Wall St -

Chongherr Investments Ltd (ASX:CDH): How Does It Impact Your Portfolio?

Chongherr Investments's beta of 0.01 indicates that the stock value will be less variable compared to the whole stock market. … CDH’s beta indicates it is a stock that investors may find valuable if they want to reduce the overall market risk exposure of their stock portfolio. … How CDH's assets could affect its beta An asset-heavy company tends to have a higher beta because the risk associated with running fixed assets during a downturn is highly expensive.

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How Does Chongherr Investments Ltd (ASX:CDH)’s Prospect Stack Up Next To Its Basic Material Peers?

Chongherr Investments Ltd (ASX:CDH), a AUDA$911.45K small-cap, operates in the basic materials industry which is sensitive to changes in the business cycle, as it supplies materials for construction activities. … Below, I will examine the sector growth prospects, and also determine whether Chongherr Investments is a laggard or leader relative to its basic materials sector peers. … If your initial investment thesis is around the growth prospects of Chongherr Investments, there are other construction material companies that have delivered higher growth, and perhaps trading at a discount to the industry average.

Simply Wall St -

CDH Company Info

Map
Description

Chongherr Investments Ltd, through its subsidiary, Australian Sandstones Industries Pty Ltd., engages in sandstone quarrying and production activities in Australia. The company's sandstone products include dimensional blocks and slabs, internal/external wall and floor tiles, building panels, colonial bricks, counter tops, furniture, paves, landscaping materials, and ornaments. It also exports sandstone blocks to south-east Asia. Chongherr Investments Ltd is based in Helidon, Australia.

Details
Name: Chongherr Investments Ltd
CDH
Exchange: ASX
Founded:
A$651,036
130,207,396
Website: http://www.chongherr.com.au
Address: Chongherr Investments Ltd
Lot 50 Goldmine Road,
Helidon,
Queensland, 4344,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX CDH Ordinary Shares Australian Securities Exchange AU AUD 02. Sep 1993
Number of employees
Current staff
Staff numbers
0
Chongherr Investments employees.
Industry
Construction Materials
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/23 10:31
End of day share price update: 2019/01/31 00:00
Last earnings filing: 2018/08/06
Last earnings reported: 2018/06/30
Last annual earnings reported: 2017/12/31


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

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