Lao Feng Xiang
Market Cap
CN¥19.1b
Last Updated
2021/01/16 09:18 UTC
Data Sources
Company Financials +
Executive Summary
Lao Feng Xiang Co., Ltd. operates in the jewelry industry in the People's Republic of China and internationally. More Details
Rewards
Risk Analysis
Snowflake Analysis
Solid track record established dividend payer.
Share Price & News
How has Lao Feng Xiang's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 600612 is less volatile than 75% of CN stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: 600612's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
3.4%
600612
-1.1%
CN Luxury
-1.3%
CN Market
1 Year Return
-4.7%
600612
-10.6%
CN Luxury
25.5%
CN Market
Return vs Industry: 600612 exceeded the CN Luxury industry which returned -10.6% over the past year.
Return vs Market: 600612 underperformed the CN Market which returned 25.5% over the past year.
Shareholder returns
| 600612 | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.4% | -1.1% | -1.3% |
| 30 Day | 0.7% | -7.5% | 5.4% |
| 90 Day | 3.1% | -14.8% | 5.8% |
| 1 Year | -2.8%-4.7% | -8.6%-10.6% | 27.6%25.5% |
| 3 Year | 20.9%12.8% | -25.9%-29.9% | 23.6%17.5% |
| 5 Year | 42.0%27.0% | -36.5%-41.2% | 39.6%30.2% |
Long-Term Price Volatility Vs. Market
How volatile is Lao Feng Xiang's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Lao Feng Xiang undervalued compared to its fair value and its price relative to the market?
19.8%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 600612 (CN¥47.92) is trading below our estimate of fair value (CN¥59.78)
Significantly Below Fair Value: 600612 is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: 600612 is good value based on its PE Ratio (17x) compared to the CN Luxury industry average (25.3x).
PE vs Market: 600612 is good value based on its PE Ratio (17x) compared to the CN market (35x).
Price to Earnings Growth Ratio
PEG Ratio: 600612 is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: 600612 is overvalued based on its PB Ratio (3.3x) compared to the CN Luxury industry average (1.8x).
Next Steps
Future Growth
How is Lao Feng Xiang forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
15.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 600612's forecast earnings growth (15.7% per year) is above the savings rate (3.3%).
Earnings vs Market: 600612's earnings (15.7% per year) are forecast to grow slower than the CN market (24.2% per year).
High Growth Earnings: 600612's earnings are forecast to grow, but not significantly.
Revenue vs Market: 600612's revenue (11.3% per year) is forecast to grow slower than the CN market (18.1% per year).
High Growth Revenue: 600612's revenue (11.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 600612's Return on Equity is forecast to be low in 3 years time (19.5%).
Next Steps
Past Performance
How has Lao Feng Xiang performed over the past 5 years?
6.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 600612 has high quality earnings.
Growing Profit Margin: 600612's current net profit margins (2.9%) are higher than last year (2.8%).
Past Earnings Growth Analysis
Earnings Trend: 600612's earnings have grown by 6.8% per year over the past 5 years.
Accelerating Growth: 600612's earnings growth over the past year (6.7%) is below its 5-year average (6.8% per year).
Earnings vs Industry: 600612 earnings growth over the past year (6.7%) exceeded the Luxury industry -10.3%.
Return on Equity
High ROE: 600612's Return on Equity (21.1%) is considered high.
Next Steps
Financial Health
How is Lao Feng Xiang's financial position?
Financial Position Analysis
Short Term Liabilities: 600612's short term assets (CN¥18.6B) exceed its short term liabilities (CN¥9.2B).
Long Term Liabilities: 600612's short term assets (CN¥18.6B) exceed its long term liabilities (CN¥1.1B).
Debt to Equity History and Analysis
Debt Level: 600612's debt to equity ratio (95%) is considered high.
Reducing Debt: 600612's debt to equity ratio has increased from 55.5% to 95% over the past 5 years.
Debt Coverage: 600612's debt is not well covered by operating cash flow (12.3%).
Interest Coverage: 600612's interest payments on its debt are well covered by EBIT (10.6x coverage).
Balance Sheet
Next Steps
Dividend
What is Lao Feng Xiang current dividend yield, its reliability and sustainability?
2.40%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 600612's dividend (2.4%) is higher than the bottom 25% of dividend payers in the CN market (0.4%).
High Dividend: 600612's dividend (2.4%) is in the top 25% of dividend payers in the CN market (1.81%)
Stability and Growth of Payments
Stable Dividend: 600612's dividend payments have been volatile in the past 10 years.
Growing Dividend: 600612's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (40.8%), 600612's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 600612's dividends in 3 years are forecast to be well covered by earnings (36.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.8yrs
Average management tenure
CEO
Hua Huang (49 yo)
4.75yrs
Tenure
CN¥925,896
Compensation
Mr. Hua Huang serves as Deputy General Manager and Chief Financial Officer of Lao Feng Xiang Co., Ltd. and is its General Manager since April 26, 2016. Mr. Huang serves as General Manager of China First Pe...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| GM, CFO & Director | 4.75yrs | CN¥925.90k | no data | |
| Chief Technologist | 5.75yrs | CN¥1.84m | no data | |
| Deputy GM & Marketing Director | 6.58yrs | CN¥1.87m | no data | |
| Director of Human Resources & Director | 4.58yrs | CN¥1.87m | no data | |
| Deputy General Manager | no data | CN¥887.56k | no data | |
| Director of the Office of Directors & Board Secretary | no data | CN¥478.36k | no data | |
| Deputy General Manager | 4.75yrs | no data | no data | |
| Secretary to Directorate | 0.58yr | no data | no data |
4.8yrs
Average Tenure
59.5yo
Average Age
Experienced Management: 600612's management team is considered experienced (4.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| GM, CFO & Director | 4.75yrs | CN¥925.90k | no data | |
| Director of Human Resources & Director | 4.58yrs | CN¥1.87m | no data | |
| Chairman of the Board of Directors | 6.58yrs | CN¥928.36k | no data | |
| Vice Chairman of the Supervisory Board | 9.58yrs | CN¥1.40m | no data | |
| Supervisor | 9.58yrs | CN¥159.98k | no data | |
| Employee Supervisor | 9.58yrs | CN¥262.50k | no data | |
| Independent Director | 6.58yrs | CN¥60.00k | no data | |
| Independent Director | 6.58yrs | CN¥60.00k | no data | |
| Employee Supervisor | 6.58yrs | no data | no data | |
| Vice Chairman | 4.58yrs | no data | no data | |
| Vice Chair | no data | no data | no data |
6.6yrs
Average Tenure
56yo
Average Age
Experienced Board: 600612's board of directors are considered experienced (6.6 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Lao Feng Xiang Co., Ltd.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Lao Feng Xiang Co., Ltd.
- Ticker: 600612
- Exchange: SHSE
- Founded: 1848
- Industry: Apparel, Accessories and Luxury Goods
- Sector: Consumer Durables
- Market Cap: CN¥19.066b
- Shares outstanding: 523.12m
- Website: https://www.laofengxiang.com
Number of Employees
Location
- Lao Feng Xiang Co., Ltd.
- Building 1
- 6th Floor
- Shanghai
- 200235
- China
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 900905 | SHSE (Shanghai Stock Exchange) | Foreign Shares-Domestically Listed | CN | USD | Sep 1992 | |
| 600612 | SHSE (Shanghai Stock Exchange) | Yes | Domestic Shares | CN | CNY | Feb 1994 |
| 600612 | XSSC (Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect) | Yes | Domestic Shares | CN | CNY | Feb 1994 |
Biography
Lao Feng Xiang Co., Ltd. operates in the jewelry industry in the People's Republic of China and internationally. It researches, develops, designs, produces, and sells gold, silver, platinum, diamonds, jade...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/16 09:18 |
| End of Day Share Price | 2021/01/15 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.