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51job

DB:IWQ
Snowflake Description

Excellent balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
IWQ
DB
$6B
Market Cap
  1. Home
  2. DE
  3. Commercial Services
Company description

51job, Inc., through its subsidiaries, provides integrated human resource services in the People’s Republic of China. The last earnings update was 19 days ago. More info.


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  • 51job has significant price volatility in the past 3 months.
IWQ Share Price and Events
7 Day Returns
3.2%
DB:IWQ
2.7%
Europe Professional Services
2.3%
DE Market
1 Year Returns
11.9%
DB:IWQ
10%
Europe Professional Services
-7.2%
DE Market
IWQ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
51job (IWQ) 3.2% 25.8% 38.6% 11.9% 193.5% 213.6%
Europe Professional Services 2.7% 3.5% 10.6% 10% 31% 52.5%
DE Market 2.3% 3.1% 8.8% -7.2% 9.3% 12.3%
1 Year Return vs Industry and Market
  • IWQ outperformed the Professional Services industry which returned 10% over the past year.
  • IWQ outperformed the Market in Germany which returned -7.2% over the past year.
Price Volatility
IWQ
Industry
5yr Volatility vs Market
Related Companies

Value

 Is 51job 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 51job 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

Below are the data sources, inputs and calculation used to determine the intrinsic value for 51job.

DB:IWQ Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.8%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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 DB:IWQ
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Professional Services Unlevered Beta Simply Wall St/ S&P Global 0.87
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.866 (1 + (1- 25%) (4.51%))
0.93
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.93
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.93 * 5.96%)
5.77%

Discounted Cash Flow Calculation for DB:IWQ using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for 51job is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:IWQ DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 5.77%)
2019 1,946.02 Est @ 15.07% 1,839.86
2020 2,152.62 Est @ 10.62% 1,924.17
2021 2,314.06 Est @ 7.5% 1,955.64
2022 2,437.13 Est @ 5.32% 1,947.29
2023 2,529.53 Est @ 3.79% 1,910.87
2024 2,598.38 Est @ 2.72% 1,855.81
2025 2,649.68 Est @ 1.97% 1,789.21
2026 2,688.10 Est @ 1.45% 1,716.13
2027 2,717.23 Est @ 1.08% 1,640.10
2028 2,739.70 Est @ 0.83% 1,563.45
Present value of next 10 years cash flows CN¥18,142.53
DB:IWQ DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CN¥2,739.70 × (1 + 0.23%) ÷ (5.77% – 0.23%)
CN¥49,549.39
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥49,549.39 ÷ (1 + 5.77%)10
CN¥28,276.15
DB:IWQ Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥18,142.53 + CN¥28,276.15
CN¥46,418.68
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥46,418.68 / 61.87
CN¥853.01
DB:IWQ Discount to Share Price
Calculation Result
Exchange Rate CNY/USD
(Reporting currency to currency of NasdaqGS:JOBS)
0.149
Value per Share
(USD)
= Value per Share in CNY x Exchange Rate (CNY/USD)
= CN¥750.2 x 0.149
$111.78
Non-primary Listing Adjustment Factor 1 share in DB:IWQ represents 0.87948x of NasdaqGS:JOBS
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.87948x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 111.78 x 0.87948
€98.31
Value per share (EUR) From above. €98.31
Current discount Discount to share price of €81.00
= -1 x (€81.00 - €98.31) / €98.31
17.6%

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

Current Discount
Amount off the current price 51job is available for.
Intrinsic value
18%
Share price is €81 vs Future cash flow value of €98.31
Current Discount Checks
For 51job to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • 51job's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • 51job's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 51job's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are 51job's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:IWQ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥20.42
NasdaqGS:JOBS Share Price ** NasdaqGS (2019-04-17) in USD $92.1
NasdaqGS:JOBS Share Price converted to CNY reporting currency Exchange rate (USD/ CNY) 6.712 CN¥618.13
Europe Professional Services Industry PE Ratio Median Figure of 98 Publicly-Listed Professional Services Companies 17.15x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.43x

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

** Primary Listing of 51job.

DB:IWQ PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:JOBS Share Price ÷ EPS (both in CNY)

= 618.13 ÷ 20.42

30.27x

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

  • 51job is overvalued based on earnings compared to the Europe Professional Services industry average.
  • 51job is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does 51job's expected growth come at a high price?
Raw Data
DB:IWQ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 30.27x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
15.6%per year
Europe Professional Services Industry PEG Ratio Median Figure of 59 Publicly-Listed Professional Services Companies 1.41x
Germany Market PEG Ratio Median Figure of 272 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

DB:IWQ PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 30.27x ÷ 15.6%

1.94x

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

  • 51job is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on 51job's assets?
Raw Data
DB:IWQ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥122.33
NasdaqGS:JOBS Share Price * NasdaqGS (2019-04-17) in USD $92.1
NasdaqGS:JOBS Share Price converted to CNY reporting currency Exchange rate (USD/ CNY) 6.712 CN¥618.13
Europe Professional Services Industry PB Ratio Median Figure of 125 Publicly-Listed Professional Services Companies 2.39x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.87x
DB:IWQ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:JOBS Share Price ÷ Book Value per Share (both in CNY)

= 618.13 ÷ 122.33

5.05x

* Primary Listing of 51job.

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

  • 51job is overvalued based on assets compared to the Europe Professional Services industry average.
X
Value checks
We assess 51job'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 Professional Services 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 Professional Services industry average (and greater than 0)? (1 check)
  5. 51job has a total score of 0/6, 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.

Future Performance

 How is 51job expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

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
15.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is 51job expected to grow at an attractive rate?
  • 51job's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • 51job's earnings growth is expected to exceed the Germany market average.
  • 51job's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:IWQ Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:IWQ Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 15.6%
DB:IWQ Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 17.6%
Europe Professional Services Industry Earnings Growth Rate Market Cap Weighted Average 9.1%
Europe Professional Services Industry Revenue Growth Rate Market Cap Weighted Average 5.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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
DB:IWQ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:IWQ Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 6,391 1
2020-12-31 5,497 1,705 2
2019-12-31 4,499 1,400 1
DB:IWQ Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 3,740 1,793 1,252
2018-09-30 3,494 701
2018-06-30 3,271 -251
2018-03-31 3,050 -124
2017-12-31 2,849 1,442 372
2017-09-30 2,673 270
2017-06-30 2,541 545
2017-03-31 2,426 643
2016-12-31 2,338 1,074 566
2016-09-30 2,249 504
2016-06-30 2,173 562
2016-03-31 2,120 531

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • 51job's earnings are expected to grow by 15.6% yearly, however this is not considered high growth (20% yearly).
  • 51job's revenue is expected to grow by 17.6% yearly, however this is not considered high growth (20% yearly).
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
DB:IWQ Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from 51job Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:IWQ Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31 25.14 25.14 25.14 1.00
2019-12-31 20.69 20.69 20.69 1.00
DB:IWQ Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 20.42
2018-09-30 11.47
2018-06-30 -4.12
2018-03-31 -2.04
2017-12-31 6.19
2017-09-30 4.53
2017-06-30 9.24
2017-03-31 11.00
2016-12-31 9.74
2016-09-30 8.72
2016-06-30 9.74
2016-03-31 9.19

*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.
  • 51job is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess 51job'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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
51job has a total score of 3/6, 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.

Past Performance

  How has 51job performed over the past 5 years?

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 51job's growth in the last year to its industry (Professional Services).
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.
  • 51job's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • 51job's 1-year earnings growth exceeds its 5-year average (236.7% vs -2.3%)
  • 51job's earnings growth has exceeded the Europe Professional Services industry average in the past year (236.7% vs 15.8%).
Earnings and Revenue History
51job'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 51job Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:IWQ Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 3,739.70 1,252.32 1,550.74
2018-09-30 3,494.20 701.34 1,513.06
2018-06-30 3,270.54 -251.07 1,422.18
2018-03-31 3,050.30 -123.84 1,298.19
2017-12-31 2,848.59 371.89 1,214.39
2017-09-30 2,672.54 269.96 1,175.49
2017-06-30 2,541.49 544.95 1,126.88
2017-03-31 2,426.46 643.04 1,094.84
2016-12-31 2,338.33 565.98 1,063.49
2016-09-30 2,249.44 504.40 1,028.09
2016-06-30 2,173.50 562.32 984.01
2016-03-31 2,120.39 530.59 956.89
2015-12-31 2,055.22 618.06 917.54
2015-09-30 1,971.03 557.46 886.44
2015-06-30 1,915.65 578.75 862.09
2015-03-31 1,859.28 493.76 825.73
2014-12-31 1,832.45 438.91 812.84
2014-09-30 1,771.69 512.91 792.51
2014-06-30 1,716.55 443.05 763.48
2014-03-31 1,663.47 510.33 720.66
2013-12-31 1,608.67 500.64 677.57
2013-09-30 1,536.17 467.50 636.97
2013-06-30 1,491.09 463.01 602.06
2013-03-31 1,448.45 458.39 573.89
2012-12-31 1,447.34 470.11 556.56
2012-09-30 1,419.09 461.91 545.88
2012-06-30 1,387.41 446.56 527.59

*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.
  • 51job has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • 51job used its assets more efficiently than the Europe Professional Services industry average last year based on Return on Assets.
  • 51job has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess 51job'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 Professional Services 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.
51job has a total score of 4/6, 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.

Health

 How is 51job'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 51job's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • 51job is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • 51job's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of 51job'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 5.6x 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 51job Company Filings, last reported 3 months ago.

DB:IWQ Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 7,818.20 1,725.18 8,834.24
2018-09-30 6,760.49 2,175.34 8,695.34
2018-06-30 5,955.00 2,623.00 7,935.81
2018-03-31 5,953.90 2,191.54 7,331.76
2017-12-31 6,191.76 1,667.97 7,132.03
2017-09-30 5,517.44 1,689.39 7,448.70
2017-06-30 5,586.31 1,366.60 7,003.67
2017-03-31 5,379.77 1,276.03 6,576.06
2016-12-31 4,975.72 1,257.71 6,080.39
2016-09-30 4,697.63 1,214.70 5,635.30
2016-06-30 4,484.95 1,163.97 5,342.56
2016-03-31 4,273.65 1,142.60 5,248.03
2015-12-31 4,134.11 1,108.88 4,950.90
2015-09-30 3,943.92 1,068.26 4,713.91
2015-06-30 3,879.34 1,079.62 4,617.80
2015-03-31 3,695.14 1,058.68 4,682.18
2014-12-31 3,493.95 1,111.21 4,494.75
2014-09-30 3,427.54 1,032.05 4,345.49
2014-06-30 3,299.36 1,090.51 4,207.90
2014-03-31 3,493.29 0.00 3,293.12
2013-12-31 3,331.12 0.00 3,147.51
2013-09-30 3,141.94 0.00 3,035.07
2013-06-30 2,986.13 0.00 2,872.05
2013-03-31 2,813.04 0.00 2,808.22
2012-12-31 2,666.03 0.00 2,531.40
2012-09-30 2,524.15 0.00 2,340.99
2012-06-30 2,395.03 0.00 2,280.41
  • 51job's level of debt (22.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 22.1% today).
  • Debt is well covered by operating cash flow (103.9%, greater than 20% of total debt).
  • 51job earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess 51job'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. 51job has a total score of 5/6, 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.

Dividends

 What is 51job'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 51job dividends. Estimated to be 0% next year.
If you bought €2,000 of 51job shares you are expected to receive €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 51job's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate 51job'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
DB:IWQ 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 2 Analyst Estimates (S&P Global) See Below
Europe Professional Services Industry Average Dividend Yield Market Cap Weighted Average of 77 Stocks 2.6%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

DB:IWQ Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 2.00
2020-12-31 0.00 2.00
2019-12-31 0.00 2.00

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

  • Unable to perform a dividend volatility check as 51job has not reported any payouts.
  • Unable to verify if 51job's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of 51job's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as 51job has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of 51job's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess 51job's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 51job afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. 51job 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.

Management

 What is the CEO of 51job'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
Rick Yan
COMPENSATION CN¥0
AGE 56
TENURE AS CEO 19.3 years
CEO Bio

Mr. Rick Yan is a Co-Founder of 51job Inc. and has been its Chief Executive Officer since 2000 and serves as its President and Secretary. Mr. Yan is responsible for 51job Inc.'s overall strategy and management. He served as an Investor and Advisor of 51job. Mr. Yan served as a Director and the Head of China Practice at Bain & Company, an international strategy consulting company. Mr. Yan joined the Bain & Company in London in 1989, returned to Asia and set up Bain & Companys Hong Kong and Beijing offices since 1991 and 1993, respectively. In his 11-year tenure with Bain & Company, Mr. Yan was widely acknowledged as an expert in the consumer products and technology sectors. He has been a Director of 51job Inc. since 2000. Prior to his affiliation with Bain & Company, Mr. Yan worked at Hewlett-Packard in Hong Kong for four years and was awarded Marketing Executive of the Year. Mr. Yan received his Bachelor of Engineering degree and Master of Philosophy degree from the University of Hong Kong and his Master of Business Administration Degree with distinction from INSEAD in France.

CEO Compensation
  • Insufficient data for Rick to compare compensation growth.
  • Rick's remuneration is lower than average for companies of similar size in Germany.
Management Team

Rick Yan

TITLE
Co-Founder
AGE
56
TENURE
19.3 yrs

Kathleen Chien

TITLE
Co-Founder
AGE
49

Lawrence Chen

TITLE
Senior Vice President
AGE
50

Tao Wang

TITLE
Vice President
AGE
56

Linda Chien

TITLE
Head of Investor Relations and Vice President

David Jin

TITLE
Senior Vice President
AGE
48
Board of Directors Tenure

Average tenure and age of the 51job board of directors in years:

6.1
Average Tenure
53
Average Age
  • The tenure for the 51job board of directors is about average.
Board of Directors

David Chao

TITLE
Chairman of the Board & Independent Director
AGE
51
TENURE
6.1 yrs

Rick Yan

TITLE
Co-Founder
AGE
56
TENURE
19.3 yrs

Li-Lan Cheng

TITLE
Independent Director
AGE
53
TENURE
6.1 yrs

Eric He

TITLE
Independent Director
AGE
59
TENURE
4.8 yrs

Junichi Arai

TITLE
Director
AGE
52
TENURE
1.9 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 (€) Value (€)
X
Management checks
We assess 51job'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. 51job 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.

News

Simply Wall St News

Company Info

Description

51job, Inc., through its subsidiaries, provides integrated human resource services in the People’s Republic of China. The company offers online recruitment services through its Websites comprising 51job.com, yingjiesheng.com, 51jingying.com, and lagou.com; and mobile applications that enable job seekers to access their accounts through mobile devices and utilize functions available on their Websites. It also provides other human resource related services, such as business process outsourcing that consist of social insurance, benefits, and payroll processing, as well as compliance with local governmental employment regulations; and conducts training seminars in the business management, leadership, sales and marketing, human resource, negotiation skills, financial planning and analysis, public administration, manufacturing, secretarial, and other skills. In addition, the company offers campus recruitment services to corporations that seek to recruit college and university students; and placement and executive search services to employers seeking to attract talent and fill job vacancies. Further, it provides professional and scientific assessment tools that assist human resource departments in evaluating capabilities and dispositions of job candidates and existing employees, as well as offers talent assessment services; conducts general and customized surveys on salary, employee retention, and other human resource related topics; organizes and hosts annual human resource conferences and events; and provides support and administrative services to employers on select recruitment projects. The company serves multinational corporations, large national Chinese corporations, and the local Chinese enterprises. It offers its services through sales offices, and a national sales and customer service call center in Wuhan. 51job, Inc. was founded in 1998 and is based in Shanghai, the People’s Republic of China.

Details
Name: 51job, Inc.
IWQ
Exchange: DB
Founded: 1998
$5,047,304,351
61,874,716
Website: http://www.51job.com
Address: 51job, Inc.
Building 3,
No. 1387, Zhang Dong Road,
Shanghai,
201203,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS JOBS ADR EA REP 2 ORD USD0.0001(SPONS) Nasdaq Global Select US USD 29. Sep 2004
DB IWQ ADR EA REP 2 ORD USD0.0001(SPONS) Deutsche Boerse AG DE EUR 29. Sep 2004
BMV JOBS N ADR EA REP 2 ORD USD0.0001(SPONS) Bolsa Mexicana de Valores MX MXN 29. Sep 2004
Number of employees
Current staff
Staff numbers
7,860
51job employees.
Industry
Human Resource and Employment Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/17 20:33
End of day share price update: 2019/04/17 00:00
Last estimates confirmation: 2019/03/29
Last earnings filing: 2019/03/29
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.