Loading...

Kingold Jewelry

DB:7KJ
Snowflake Description

Undervalued with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
7KJ
DB
$60M
Market Cap
  1. Home
  2. DE
  3. Consumer Durables
Company description

Kingold Jewelry, Inc. designs, manufactures, and sells 24-karat gold jewelry and Chinese ornaments in the People’s Republic of China. The last earnings update was 21 days ago. More info.


Add to Portfolio Compare Print
7KJ Share Price and Events
7 Day Returns
-0.8%
DB:7KJ
1.9%
DE Luxury
1.5%
DE Market
1 Year Returns
-25%
DB:7KJ
8.5%
DE Luxury
-6.2%
DE Market
7KJ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Kingold Jewelry (7KJ) -0.8% 8.3% 26.5% -25% -42.4% -11.6%
DE Luxury 1.9% 9.8% 11.7% 8.5% 99.4% 128%
DE Market 1.5% 6% 8.5% -6.2% 10.7% 15.3%
1 Year Return vs Industry and Market
  • 7KJ underperformed the Luxury industry which returned 8.5% over the past year.
  • 7KJ underperformed the Market in Germany which returned -6.2% over the past year.
Price Volatility
7KJ
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Kingold Jewelry's competitors could be found in our database.

Value

 Is Kingold Jewelry 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 Kingold Jewelry 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 Kingold Jewelry.

DB:7KJ 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 12.1%
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:7KJ
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.729 (1 + (1- 25%) (3326.07%))
13.006
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (2 * 5.96%)
12.15%

Discounted Cash Flow Calculation for DB:7KJ using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Kingold Jewelry 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:7KJ DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 12.15%)
2019 704.38 Est @ 97.67% 628.08
2020 1,186.45 Est @ 68.44% 943.34
2021 1,755.66 Est @ 47.98% 1,244.70
2022 2,346.47 Est @ 33.65% 1,483.37
2023 2,900.81 Est @ 23.62% 1,635.16
2024 3,382.50 Est @ 16.61% 1,700.15
2025 3,777.99 Est @ 11.69% 1,693.25
2026 4,089.78 Est @ 8.25% 1,634.44
2027 4,328.85 Est @ 5.85% 1,542.58
2028 4,508.94 Est @ 4.16% 1,432.71
Present value of next 10 years cash flows $13,937.79
DB:7KJ DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $4,508.94 × (1 + 0.23%) ÷ (12.15% – 0.23%)
$37,912.94
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $37,912.94 ÷ (1 + 12.15%)10
$12,046.81
DB:7KJ Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $13,937.79 + $12,046.81
$25,984.60
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $25,984.60 / 66.11
$393.03
DB:7KJ Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:7KJ represents 0.81264x of NasdaqCM:KGJI
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.81264x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 393.03 x 0.81264
€319.39
Value per share (EUR) From above. €319.39
Current discount Discount to share price of €0.71
= -1 x (€0.71 - €319.39) / €319.39
99.8%

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

Current Discount
Amount off the current price Kingold Jewelry is available for.
Intrinsic value
>50%
Share price is €0.71 vs Future cash flow value of €319.39
Current Discount Checks
For Kingold Jewelry to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Kingold Jewelry's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Kingold Jewelry's share price is below the future cash flow value, and 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 Kingold Jewelry's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Kingold Jewelry's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:7KJ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.75
NasdaqCM:KGJI Share Price ** NasdaqCM (2019-04-23) in USD $0.87
Germany Luxury Industry PE Ratio Median Figure of 7 Publicly-Listed Luxury Companies 21.97x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.6x

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

** Primary Listing of Kingold Jewelry.

DB:7KJ PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:KGJI Share Price ÷ EPS (both in USD)

= 0.87 ÷ 0.75

1.16x

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

  • Kingold Jewelry is good value based on earnings compared to the DE Luxury industry average.
  • Kingold Jewelry is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Kingold Jewelry's expected growth come at a high price?
Raw Data
DB:7KJ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 1.16x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
9.6%per year
Europe Luxury Industry PEG Ratio Median Figure of 40 Publicly-Listed Luxury Companies 1.7x
Germany Market PEG Ratio Median Figure of 269 Publicly-Listed Companies 1.56x

*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 Kingold Jewelry, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Kingold Jewelry's assets?
Raw Data
DB:7KJ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $9.66
NasdaqCM:KGJI Share Price * NasdaqCM (2019-04-23) in USD $0.87
Germany Luxury Industry PB Ratio Median Figure of 11 Publicly-Listed Luxury Companies 1.6x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.84x
DB:7KJ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:KGJI Share Price ÷ Book Value per Share (both in USD)

= 0.87 ÷ 9.66

0.09x

* Primary Listing of Kingold Jewelry.

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

  • Kingold Jewelry is good value based on assets compared to the DE Luxury industry average.
X
Value checks
We assess Kingold Jewelry'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 Luxury 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 Luxury industry average (and greater than 0)? (1 check)
  5. Kingold Jewelry has a total score of 5/6, 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 Kingold Jewelry expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Kingold Jewelry, future earnings growth has been estimated based on fundamentals.
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
9.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Kingold Jewelry expected to grow at an attractive rate?
  • Kingold Jewelry's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Kingold Jewelry's earnings growth is positive but not above the Germany market average.
  • Unable to compare Kingold Jewelry's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:7KJ Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:7KJ Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 9.6%
Germany Luxury Industry Earnings Growth Rate Market Cap Weighted Average 11.2%
Germany Luxury Industry Revenue Growth Rate Market Cap Weighted Average 6.7%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.6%
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:7KJ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:7KJ Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 2,476 366 50
2018-09-30 2,502 581 51
2018-06-30 2,460 678 66
2018-03-31 2,257 240 61
2017-12-31 2,010 -26 26
2017-09-30 1,710 -439 58
2017-06-30 1,516 -516 45
2017-03-31 1,431 -277 56
2016-12-31 1,421 -74 93
2016-09-30 1,344 190 57
2016-06-30 1,217 147 49
2016-03-31 1,076 76 30

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Kingold Jewelry's earnings are expected to grow by 9.6% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Kingold Jewelry 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
DB:7KJ 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 0 Analyst Estimates (S&P Global) See Below

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

DB:7KJ Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.75
2018-09-30 0.76
2018-06-30 1.00
2018-03-31 0.92
2017-12-31 0.40
2017-09-30 0.87
2017-06-30 0.67
2017-03-31 0.85
2016-12-31 1.41
2016-09-30 0.86
2016-06-30 0.75
2016-03-31 0.46

*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 Kingold Jewelry will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Kingold Jewelry'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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany 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.
Kingold Jewelry has a total score of 1/6, 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 Kingold Jewelry 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 Kingold Jewelry's growth in the last year to its industry (Luxury).
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.
  • Kingold Jewelry's year on year earnings growth rate has been positive over the past 5 years.
  • Kingold Jewelry's 1-year earnings growth exceeds its 5-year average (89.2% vs 9.4%)
  • Kingold Jewelry's earnings growth has exceeded the DE Luxury industry average in the past year (89.2% vs 21.1%).
Earnings and Revenue History
Kingold Jewelry'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 Kingold Jewelry Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:7KJ Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 2,475.67 49.55 11.59
2018-09-30 2,501.56 50.52 10.52
2018-06-30 2,459.90 66.26 11.81
2018-03-31 2,256.99 60.73 12.32
2017-12-31 2,009.73 26.19 13.48
2017-09-30 1,710.30 57.67 14.71
2017-06-30 1,516.33 44.55 12.97
2017-03-31 1,430.70 56.41 13.08
2016-12-31 1,420.62 92.91 12.23
2016-09-30 1,343.78 56.60 8.76
2016-06-30 1,216.99 49.50 10.06
2016-03-31 1,076.15 30.18 9.17
2015-12-31 1,000.16 21.56 8.22
2015-09-30 928.71 24.01 10.89
2015-06-30 915.96 20.48 9.85
2015-03-31 1,006.30 36.72 9.21
2014-12-31 1,107.56 47.33 10.49
2014-09-30 1,215.80 47.23 9.18
2014-06-30 1,248.68 52.99 8.38
2014-03-31 1,275.96 42.50 8.10
2013-12-31 1,189.92 28.34 6.29
2013-09-30 1,073.78 27.76 5.80
2013-06-30 1,010.73 25.13 5.42
2013-03-31 912.17 28.39 5.70
2012-12-31 915.73 32.67 5.74
2012-09-30 882.73 28.44 6.15
2012-06-30 872.60 29.38 5.87

*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.
  • Kingold Jewelry has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Kingold Jewelry used its assets more efficiently than the DE Luxury industry average last year based on Return on Assets.
  • Kingold Jewelry has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Kingold Jewelry'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 Luxury 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.
Kingold Jewelry has a total score of 5/6, 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 Kingold Jewelry'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 Kingold Jewelry's finances.

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

DB:7KJ Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 638.33 1,996.45 0.23
2018-09-30 354.31 2,072.15 13.25
2018-06-30 373.07 2,156.34 0.24
2018-03-31 398.67 2,509.87 1.00
2017-12-31 390.23 2,626.74 5.00
2017-09-30 387.10 2,489.96 1.00
2017-06-30 326.46 2,495.94 9.18
2017-03-31 360.68 2,455.97 9.43
2016-12-31 282.49 1,949.04 303.23
2016-09-30 367.37 1,280.61 129.65
2016-06-30 362.65 865.82 37.50
2016-03-31 300.46 405.45 76.89
2015-12-31 265.66 147.94 3.10
2015-09-30 265.75 147.76 29.61
2015-06-30 267.37 107.69 1.50
2015-03-31 266.13 114.34 70.46
2014-12-31 258.24 48.79 1.33
2014-09-30 249.66 48.72 6.55
2014-06-30 244.15 53.17 6.81
2014-03-31 230.99 71.45 7.51
2013-12-31 214.90 78.58 2.28
2013-09-30 204.83 8.24 23.32
2013-06-30 192.18 6.83 5.69
2013-03-31 178.31 6.67 20.27
2012-12-31 161.54 6.55 2.54
2012-09-30 154.06 6.36 1.63
2012-06-30 143.62 6.29 3.75
  • Kingold Jewelry's level of debt (312.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (36.5% vs 312.8% today).
  • Debt is not well covered by operating cash flow (18.3%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.5x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Kingold Jewelry'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. Kingold Jewelry has a total score of 2/6, 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 Kingold Jewelry'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 Kingold Jewelry dividends.
If you bought €2,000 of Kingold Jewelry 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 Kingold Jewelry's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Kingold Jewelry'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:7KJ 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
Germany Luxury Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 1.6%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3%
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.

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

  • Unable to perform a dividend volatility check as Kingold Jewelry has not reported any payouts.
  • Unable to verify if Kingold Jewelry's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Kingold Jewelry's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Kingold Jewelry 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 Kingold Jewelry'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 Kingold Jewelry afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Kingold Jewelry 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 Kingold Jewelry'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
Zhihong Jia
COMPENSATION $175,000
AGE 56
TENURE AS CEO 9.3 years
CEO Bio

Mr. Zhi Hong Jia Founded Kingold Jewelry, Inc. in December 2009 and has been its Chief Executive Officer since December 2009. He also serves as President of Kingold Jewelry, Inc. Mr. Jia has been the Chairman of Kingold Jewelry, Inc., since 2002. He co-founded Wuhan Kingold Jewelry Co. Ltd. He has served as the chairman of the board of Wuhan Kingold Jewelry Co. Ltd. He served in the rear supply service department of the People's Liberation Army in Guangzhou and Wuhan and was responsible for managing gold mines owned by the Army. Upon retirement from the Army he, decided to operate a private business in the gold jewelry industry and became the founder and first general manager of Wuhan Kingold. He serves as a Director of Wuhan Kingold Jewelry Co. Ltd. Mr. Jia graduated from Wuhan University in 2004 with a graduate EMBA certificate.

CEO Compensation
  • Zhihong's compensation has been consistent with company performance over the past year.
  • Zhihong's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Kingold Jewelry management team in years:

9
Average Tenure
47
Average Age
  • The average tenure for the Kingold Jewelry management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Zhihong Jia

TITLE
Founder
COMPENSATION
$175K
AGE
56
TENURE
9.3 yrs

Jun Wang

TITLE
GM & Director
AGE
44
TENURE
4.9 yrs

Bin Liu

TITLE
CFO & Secretary
COMPENSATION
$135K
AGE
47
TENURE
9 yrs
Board of Directors Tenure

Average tenure and age of the Kingold Jewelry board of directors in years:

4.8
Average Tenure
46
Average Age
  • The tenure for the Kingold Jewelry board of directors is about average.
Board of Directors

Zhihong Jia

TITLE
Founder
COMPENSATION
$175K
AGE
56
TENURE
9.3 yrs

Jun Wang

TITLE
GM & Director
AGE
44
TENURE
4.8 yrs

Guang Chen

TITLE
Independent Director
COMPENSATION
$29K
AGE
39
TENURE
4.8 yrs

Alice Wu

TITLE
Independent Director
COMPENSATION
$48K
AGE
46
TENURE
2.9 yrs

Zhiyong Xia

TITLE
Independent Director
AGE
49
TENURE
2.7 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 Kingold Jewelry'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. Kingold Jewelry 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

Kingold Jewelry, Inc. designs, manufactures, and sells 24-karat gold jewelry and Chinese ornaments in the People’s Republic of China. It offers a range of in-house designed products, including gold necklaces, rings, earrings, bracelets, and pendants. The company sells its products to wholesalers and retailers under the Kingold brand. Kingold Jewelry, Inc. was founded in 2002 and is based in Wuhan, the People’s Republic of China.

Details
Name: Kingold Jewelry, Inc.
7KJ
Exchange: DB
Founded: 2002
$53,565,817
66,113,502
Website: http://www.kingoldjewelry.com
Address: Kingold Jewelry, Inc.
No. 8 Han Huang Road,
Jiang’an District,
Wuhan,
Hubei Province, 430023,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM KGJI Common Stock Nasdaq Capital Market US USD 23. Dec 2009
DB 7KJ Common Stock Deutsche Boerse AG DE EUR 23. Dec 2009
Number of employees
Current staff
Staff numbers
630
Kingold Jewelry employees.
Industry
Apparel, Accessories and Luxury Goods
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 21:35
End of day share price update: 2019/04/23 00:00
Last earnings filing: 2019/04/02
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.