SHSE:600690

Stock Analysis Report

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Market Cap

CN¥233.9b

Last Updated

2021/07/25 09:31 UTC

Data Sources

Company Financials +

Executive Summary

Haier Smart Home Co., Ltd. manufactures and distributes home appliances in Mainland China, the United States, Australia, Southeast Asia, Europe, the Middle East, Africa, Japan, and internationally. More Details


Snowflake Analysis

Solid track record with excellent balance sheet and pays a dividend.


Similar Companies

Share Price & News

How has Haier Smart Home's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 600690 is not significantly more volatile than the rest of CN stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 600690's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

-1.9%

600690

-3.4%

CN Consumer Durables

0.4%

CN Market


1 Year Return

58.4%

600690

12.4%

CN Consumer Durables

13.4%

CN Market

Return vs Industry: 600690 exceeded the CN Consumer Durables industry which returned 12.4% over the past year.

Return vs Market: 600690 exceeded the CN Market which returned 13.4% over the past year.


Shareholder returns

600690IndustryMarket
7 Day-1.9%-3.4%0.4%
30 Day-1.2%-7.0%1.1%
90 Day-19.2%-11.5%5.2%
1 Year58.4%58.4%13.9%12.4%14.9%13.4%
3 Year59.9%53.1%50.6%42.3%54.4%46.8%
5 Year159.3%139.9%60.8%48.7%34.2%24.9%

Long-Term Price Volatility Vs. Market

How volatile is Haier Smart Home's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Haier Smart Home undervalued compared to its fair value and its price relative to the market?

48.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 600690 (CN¥26.24) is trading below our estimate of fair value (CN¥50.65)

Significantly Below Fair Value: 600690 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 600690 is good value based on its PE Ratio (17.6x) compared to the CN Consumer Durables industry average (24.1x).

PE vs Market: 600690 is good value based on its PE Ratio (17.6x) compared to the CN market (32.3x).


Price to Earnings Growth Ratio

PEG Ratio: 600690 is poor value based on its PEG Ratio (1.1x)


Price to Book Ratio

PB vs Industry: 600690 is overvalued based on its PB Ratio (3.2x) compared to the CN Consumer Durables industry average (2.8x).


Future Growth

How is Haier Smart Home forecast to perform in the next 1 to 3 years based on estimates from 26 analysts?

15.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 600690's forecast earnings growth (15.7% per year) is above the savings rate (3.3%).

Earnings vs Market: 600690's earnings (15.7% per year) are forecast to grow slower than the CN market (22.1% per year).

High Growth Earnings: 600690's earnings are forecast to grow, but not significantly.

Revenue vs Market: 600690's revenue (8.1% per year) is forecast to grow slower than the CN market (17.8% per year).

High Growth Revenue: 600690's revenue (8.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 600690's Return on Equity is forecast to be low in 3 years time (18.2%).


Past Performance

How has Haier Smart Home performed over the past 5 years?

11.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 600690 has high quality earnings.

Growing Profit Margin: 600690's current net profit margins (4.9%) are higher than last year (3.6%).


Past Earnings Growth Analysis

Earnings Trend: 600690's earnings have grown by 11.6% per year over the past 5 years.

Accelerating Growth: 600690's earnings growth over the past year (52.3%) exceeds its 5-year average (11.6% per year).

Earnings vs Industry: 600690 earnings growth over the past year (52.3%) exceeded the Consumer Durables industry 28.5%.


Return on Equity

High ROE: 600690's Return on Equity (17.1%) is considered low.


Financial Health

How is Haier Smart Home's financial position?


Financial Position Analysis

Short Term Liabilities: 600690's short term assets (CN¥116.1B) exceed its short term liabilities (CN¥108.0B).

Long Term Liabilities: 600690's short term assets (CN¥116.1B) exceed its long term liabilities (CN¥21.2B).


Debt to Equity History and Analysis

Debt Level: 600690's debt to equity ratio (29.5%) is considered satisfactory.

Reducing Debt: 600690's debt to equity ratio has increased from 11% to 29.5% over the past 5 years.

Debt Coverage: 600690's debt is well covered by operating cash flow (116.7%).

Interest Coverage: 600690 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Haier Smart Home current dividend yield, its reliability and sustainability?

1.39%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 600690's dividend (1.39%) is higher than the bottom 25% of dividend payers in the CN market (0.42%).

High Dividend: 600690's dividend (1.39%) is low compared to the top 25% of dividend payers in the CN market (1.83%).


Stability and Growth of Payments

Stable Dividend: 600690's dividends per share have been stable in the past 10 years.

Growing Dividend: 600690's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (24.6%), 600690's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 600690's dividends in 3 years are forecast to be well covered by earnings (40.2% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

0.4yrs

Average management tenure


CEO

Hai Shan Liang (55 yo)

no data

Tenure

CN¥9,802,000

Compensation

Mr. Hai Shan Liang serves as Executive President and the Deputy Chairman of the board of Haier Group. Mr. Liang serves as the Chairman of the Board of Directors at Haier Smart Home Co. Ltd. and served as i...


CEO Compensation Analysis

Compensation vs Market: Hai Shan's total compensation ($USD1.51M) is above average for companies of similar size in the CN market ($USD377.85K).

Compensation vs Earnings: Hai Shan's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: 600690's management team is not considered experienced ( 0.4 years average tenure), which suggests a new team.


Board Members

Experienced Board: 600690's board of directors are not considered experienced ( 0.3 years average tenure), which suggests a new board.


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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 41.7%.


Top Shareholders

Company Information

Haier Smart Home Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Haier Smart Home Co., Ltd.
  • Ticker: 600690
  • Exchange: SHSE
  • Founded: 1984
  • Industry: Household Appliances
  • Sector: Consumer Durables
  • Market Cap: CN¥233.912b
  • Shares outstanding: 9.32b
  • Website: https://www.haier.net

Number of Employees


Location

  • Haier Smart Home Co., Ltd.
  • Haier Industrial Park Road
  • Laoshan District
  • Qingdao
  • Shandong Province
  • 266101
  • China

Listings


Biography

Haier Smart Home Co., Ltd. manufactures and distributes home appliances in Mainland China, the United States, Australia, Southeast Asia, Europe, the Middle East, Africa, Japan, and internationally. It prov...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/07/25 09:31
End of Day Share Price2021/07/23 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.