China United Network Communications
Market Cap
CN¥156.4b
Last Updated
2020/06/05 15:54 UTC
Data Sources
Company Financials +
Executive Summary
China United Network Communications Limited, together with its subsidiaries, provides various telecommunication services in China.
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet and good value.
Similar Companies
Share Price & News
How has China United Network Communications's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 600050 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
1.6%
600050
2.6%
CN Wireless Telecom
2.7%
CN Market
1 Year Return
-17.1%
600050
-2.8%
CN Wireless Telecom
17.2%
CN Market
Return vs Industry: 600050 underperformed the CN Wireless Telecom industry which returned -3.3% over the past year.
Return vs Market: 600050 underperformed the CN Market which returned 16.6% over the past year.
Shareholder returns
| 600050 | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.6% | 2.6% | 2.7% |
| 30 Day | -4.0% | -0.4% | 3.3% |
| 90 Day | -11.9% | -0.8% | -2.9% |
| 1 Year | -16.4%-17.1% | 0.9%-2.8% | 19.1%17.2% |
| 3 Year | n/a | 0.4%-12.4% | 3.3%-1.1% |
| 5 Year | -46.3%-48.3% | -6.4%-23.4% | -39.6%-43.0% |
Price Volatility Vs. Market
How volatile is China United Network Communications's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is China United Network Communications undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 600050 (CN¥5.04) is trading below our estimate of fair value (CN¥10.35)
Significantly Below Fair Value: 600050 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 600050 is poor value based on its PE Ratio (32.8x) compared to the Wireless Telecom industry average (14.2x).
PE vs Market: 600050 is good value based on its PE Ratio (32.8x) compared to the CN market (37.9x).
Price to Earnings Growth Ratio
PEG Ratio: 600050 is poor value based on its PEG Ratio (1.5x)
Price to Book Ratio
PB vs Industry: 600050 is good value based on its PB Ratio (1.1x) compared to the XA Wireless Telecom industry average (1.7x).
Next Steps
Future Growth
How is China United Network Communications forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
21.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 600050's forecast earnings growth (21.9% per year) is above the savings rate (3.3%).
Earnings vs Market: 600050's earnings (21.9% per year) are forecast to grow slower than the CN market (23.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 600050's revenue (5.9% per year) is forecast to grow slower than the CN market (16.6% per year).
High Growth Revenue: 600050's revenue (5.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 600050's Return on Equity is forecast to be low in 3 years time (4.7%).
Next Steps
Past Performance
How has China United Network Communications performed over the past 5 years?
24.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 600050 has high quality earnings.
Growing Profit Margin: 600050's current net profit margins (1.6%) are higher than last year (1.5%).
Past Earnings Growth Analysis
Earnings Trend: 600050's earnings have grown significantly by 24.4% per year over the past 5 years.
Accelerating Growth: 600050's earnings growth over the past year (7.2%) is below its 5-year average (24.4% per year).
Earnings vs Industry: 600050 earnings growth over the past year (7.2%) exceeded the Wireless Telecom industry 1.6%.
Return on Equity
High ROE: 600050's Return on Equity (3.3%) is considered low.
Next Steps
Financial Health
How is China United Network Communications's financial position?
Financial Position Analysis
Short Term Liabilities: 600050's short term assets (CN¥96.8B) do not cover its short term liabilities (CN¥206.3B).
Long Term Liabilities: 600050's short term assets (CN¥96.8B) exceed its long term liabilities (CN¥33.0B).
Debt to Equity History and Analysis
Debt Level: 600050's debt to equity ratio (3.4%) is considered satisfactory.
Reducing Debt: 600050's debt to equity ratio has reduced from 60.1% to 3.4% over the past 5 years.
Debt Coverage: 600050's debt is well covered by operating cash flow (860%).
Interest Coverage: 600050 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is China United Network Communications's current dividend yield, its reliability and sustainability?
1.20%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 600050's dividend (1.2%) is higher than the bottom 25% of dividend payers in the CN market (0.42%).
High Dividend: 600050's dividend (1.2%) is low compared to the top 25% of dividend payers in the CN market (1.88%).
Stability and Growth of Payments
Stable Dividend: 600050's dividend payments have been volatile in the past 10 years.
Growing Dividend: 600050's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (39.4%), 600050's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 600050's dividends in 3 years are forecast to be well covered by earnings (41.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.1yrs
Average management tenure
CEO
China United Network Communications has no CEO, or we have no data on them.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CFO & Secretary | 1.83yrs | no data | no data | |
| Head of Accounting & Finance Manager | no data | no data | no data | |
| Senior Vice President | 2.33yrs | CN¥341.70k | no data | |
| Senior Vice President | 2.33yrs | CN¥341.70k | no data | |
| Senior VP & General Counsel | 1.42yrs | no data | no data |
2.1yrs
Average Tenure
50yo
Average Age
Experienced Management: 600050's management team is considered experienced (2.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board of Directors | no data | CN¥673.30k | no data | |
| Director | 9.08yrs | CN¥604.80k | no data | |
| Member of Supervisory Board | 0.33yr | CN¥196.00k | no data | |
| Independent Director | 4.08yrs | CN¥131.70k | no data | |
| Director | 2.33yrs | no data | no data | |
| Independent Director | 2.33yrs | no data | no data | |
| Independent Director | 2.33yrs | no data | no data | |
| Independent Director | 2.33yrs | no data | no data | |
| Director | 2.33yrs | no data | no data | |
| Director | 2.33yrs | no data | no data |
2.3yrs
Average Tenure
55.5yo
Average Age
Experienced Board: 600050's board of directors are not considered experienced ( 2.3 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.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
China United Network Communications Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: China United Network Communications Limited
- Ticker: 600050
- Exchange: SHSE
- Founded: 2001
- Industry: Wireless Telecommunication Services
- Sector: Telecom
- Market Cap: CN¥156.369b
- Shares outstanding: 31.03b
- Website: https://www.chinaunicom-a.com
Number of Employees
Location
- China United Network Communications Limited
- No. 21, Financial Street
- Xicheng District
- Beijing
- 100033
- China
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 600050 | SHSE (Shanghai Stock Exchange) | Yes | Domestic Shares | CN | CNY | Oct 2002 |
| 600050 | XSSC (Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect) | Yes | Domestic Shares | CN | CNY | Oct 2002 |
Biography
China United Network Communications Limited, together with its subsidiaries, provides various telecommunication services in China. It offers mobile broadband, fixed-line broadband, GSM, and fixed-line local telephone services; and information and communication technology, data communications, and other related value-added services. The company also provides voice, basic traffic, network element rental, Internet access, and industry SMS; information consulting and design, IT infrastructure hosting, IT application development and integration, BPO and call center outsourcing, IT outsourcing maintenance, information security, mobile information, advertising media, and broadband business platform services; integrated video surveillance; Internet data center; integrated video conferencing; and network security products. In addition, it offers cloud computing and Internet of Things services. The company has approximately 284 million mobile subscribers, including 175 million 4G subscribers, 77 million fixed-line broadband subscribers, and 60 million fixed-line local telephone subscribers. China United Network Communications Limited has strategic partnership with iQIYI, Inc. China United Network Communications Limited was founded in 2001 and is based in Beijing, China.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/06/05 15:54 |
| End of Day Share Price | 2020/06/05 00:00 |
| Earnings | 2020/03/31 |
| 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.