Loading...

Kasen International Holdings

DB:K1Q
Snowflake Description

Flawless balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
K1Q
DB
HK$9B
Market Cap
  1. Home
  2. DE
  3. Consumer Durables
Company description

Kasen International Holdings Limited, an investment holding company, manufactures and sells upholstered furniture in the United States, the People’s Republic of China, Europe, and internationally. The last earnings update was 29 days ago. More info.


Add to Portfolio Compare Print
  • Kasen International Holdings has significant price volatility in the past 3 months.
K1Q Share Price and Events
7 Day Returns
4.6%
DB:K1Q
1%
DE Consumer Durables
2.4%
DE Market
1 Year Returns
278.2%
DB:K1Q
-6%
DE Consumer Durables
-6.2%
DE Market
K1Q Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Kasen International Holdings (K1Q) 4.6% 14.8% 89.1% 278.2% 398.5% 340.4%
DE Consumer Durables 1% 6.2% 4.2% -6% 2.7% 22.6%
DE Market 2.4% 3% 7.4% -6.2% 9.6% 14.1%
1 Year Return vs Industry and Market
  • K1Q outperformed the Consumer Durables industry which returned -6% over the past year.
  • K1Q outperformed the Market in Germany which returned -6.2% over the past year.
Price Volatility
K1Q
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Kasen International Holdings's competitors could be found in our database.

K1Q Value

 Is Kasen International Holdings 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 Kasen International Holdings 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 Kasen International Holdings.

DB:K1Q 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 6.2%
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:K1Q
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Consumer Durables Unlevered Beta Simply Wall St/ S&P Global 0.92
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.922 (1 + (1- 25%) (11.98%))
1.003
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.003 * 5.96%)
6.21%

Discounted Cash Flow Calculation for DB:K1Q using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Kasen International Holdings 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:K1Q DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 6.21%)
2019 646.26 Est @ 20.92% 608.50
2020 741.35 Est @ 14.71% 657.25
2021 818.21 Est @ 10.37% 683.01
2022 878.16 Est @ 7.33% 690.21
2023 923.79 Est @ 5.2% 683.66
2024 958.03 Est @ 3.71% 667.57
2025 983.54 Est @ 2.66% 645.30
2026 1,002.54 Est @ 1.93% 619.34
2027 1,016.79 Est @ 1.42% 591.44
2028 1,027.60 Est @ 1.06% 562.80
Present value of next 10 years cash flows CN¥6,409.06
DB:K1Q DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CN¥1,027.60 × (1 + 0.23%) ÷ (6.21% – 0.23%)
CN¥17,230.32
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥17,230.32 ÷ (1 + 6.21%)10
CN¥9,436.78
DB:K1Q Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥6,409.06 + CN¥9,436.78
CN¥15,845.85
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥15,845.85 / 1,493.64
CN¥97.01
DB:K1Q Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:496)
1.169
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥10.61 x 1.169
HK$12.41
Non-primary Listing Adjustment Factor 1 share in DB:K1Q represents 0.10935x of SEHK:496
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.10935x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 12.41 x 0.10935
€1.36
Value per share (EUR) From above. €1.36
Current discount Discount to share price of €0.64
= -1 x (€0.64 - €1.36) / €1.36
52.6%

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

Current Discount
Amount off the current price Kasen International Holdings is available for.
Intrinsic value
>50%
Share price is €0.64 vs Future cash flow value of €1.36
Current Discount Checks
For Kasen International Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Kasen International Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Kasen International Holdings'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 Kasen International Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Kasen International Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:K1Q PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥0.30
SEHK:496 Share Price ** SEHK (2019-04-18) in HKD HK$5.88
SEHK:496 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.855 CN¥5.03
Germany Consumer Durables Industry PE Ratio Median Figure of 8 Publicly-Listed Consumer Durables Companies 14.34x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.67x

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

** Primary Listing of Kasen International Holdings.

DB:K1Q PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:496 Share Price ÷ EPS (both in CNY)

= 5.03 ÷ 0.30

16.7x

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

  • Kasen International Holdings is overvalued based on earnings compared to the DE Consumer Durables industry average.
  • Kasen International Holdings is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Kasen International Holdings's expected growth come at a high price?
Raw Data
DB:K1Q PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.7x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Consumer Durables Industry PEG Ratio Median Figure of 57 Publicly-Listed Consumer Durables Companies 1.24x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.58x

*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 Kasen International Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Kasen International Holdings's assets?
Raw Data
DB:K1Q PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥1.91
SEHK:496 Share Price * SEHK (2019-04-18) in HKD HK$5.88
SEHK:496 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.855 CN¥5.03
Germany Consumer Durables Industry PB Ratio Median Figure of 10 Publicly-Listed Consumer Durables Companies 1.56x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.85x
DB:K1Q PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:496 Share Price ÷ Book Value per Share (both in CNY)

= 5.03 ÷ 1.91

2.64x

* Primary Listing of Kasen International Holdings.

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

  • Kasen International Holdings is overvalued based on assets compared to the DE Consumer Durables industry average.
X
Value checks
We assess Kasen International Holdings'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 Consumer Durables 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 Consumer Durables industry average (and greater than 0)? (1 check)
  5. Kasen International Holdings has a total score of 3/6, 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.

K1Q Future Performance

 How is Kasen International Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Kasen International Holdings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
14.4%
Expected Consumer Durables industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Kasen International Holdings expected to grow at an attractive rate?
  • Unable to compare Kasen International Holdings's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Kasen International Holdings's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Kasen International Holdings's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:K1Q Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Consumer Durables Industry Earnings Growth Rate Market Cap Weighted Average 14.4%
Germany Consumer Durables Industry Revenue Growth Rate Market Cap Weighted Average 3.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.5%
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:K1Q 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 CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:K1Q Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 3,609 985 450
2018-09-30 2,743 708 213
2018-06-30 1,877 431 -23
2018-03-31 1,742 514 -113
2017-12-31 1,606 596 -203
2017-09-30 1,703 -157
2017-06-30 1,801 647 -110
2017-03-31 1,965 552 -79
2016-12-31 2,130 457 -48
2016-09-30 2,015 -6
2016-06-30 1,901 406 37
2016-03-31 1,666 212 105

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Kasen International Holdings is high growth as no earnings estimate data is available.
  • Unable to determine if Kasen International Holdings 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:K1Q 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 Kasen International Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:K1Q Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 0.30
2018-09-30 0.14
2018-06-30 -0.02
2018-03-31 -0.08
2017-12-31 -0.13
2017-09-30 -0.10
2017-06-30 -0.07
2017-03-31 -0.05
2016-12-31 -0.03
2016-09-30 0.00
2016-06-30 0.02
2016-03-31 0.07

*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 Kasen International Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Kasen International Holdings is trading at Kasen International Holdings'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Kasen International Holdings's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Consumer Durables companies here
  3. Kasen International Holdings's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Kasen International Holdings'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.
Kasen International Holdings has a total score of 0/6, 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.

K1Q Past Performance

  How has Kasen International Holdings 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 Kasen International Holdings's growth in the last year to its industry (Consumer Durables).
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.
  • Kasen International Holdings's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Kasen International Holdings has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Kasen International Holdings has become profitable in the last year making it difficult to compare the DE Consumer Durables industry average.
Earnings and Revenue History
Kasen International Holdings'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 Kasen International Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:K1Q 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 3,608.54 449.80 494.06
2018-09-30 2,742.87 213.34 475.48
2018-06-30 1,877.21 -23.12 455.75
2018-03-31 1,741.54 -113.24 488.63
2017-12-31 1,605.88 -203.35 522.66
2017-09-30 1,703.22 -156.63 478.38
2017-06-30 1,800.56 -109.91 434.10
2017-03-31 1,965.10 -78.99 386.14
2016-12-31 2,129.65 -48.07 338.18
2016-09-30 2,015.39 -5.66 337.47
2016-06-30 1,901.14 36.74 336.76
2016-03-31 1,665.54 104.72 339.78
2015-12-31 1,429.94 172.70 342.80
2015-09-30 1,878.76 104.99 341.46
2015-06-30 2,327.58 37.29 340.11
2015-03-31 2,778.95 34.85 358.05
2014-12-31 3,230.33 32.42 375.99
2014-09-30 3,166.72 115.91 370.91
2014-06-30 3,103.10 199.41 365.83
2014-03-31 3,271.15 186.42 348.98
2013-12-31 3,439.20 173.42 332.12
2013-09-30 3,594.49 212.74 315.26
2013-06-30 3,749.77 252.07 298.40
2013-03-31 3,422.16 227.73 283.80
2012-12-31 3,094.55 203.40 269.20
2012-09-30 2,697.83 220.90 270.11
2012-06-30 2,301.11 238.41 271.03

*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.
  • Kasen International Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Kasen International Holdings used its assets more efficiently than the DE Consumer Durables industry average last year based on Return on Assets.
  • Kasen International Holdings has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Kasen International Holdings'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 Consumer Durables 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.
Kasen International Holdings has a total score of 2/6, 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.

K1Q Health

 How is Kasen International Holdings'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 Kasen International Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Kasen International Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Kasen International Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Kasen International Holdings'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 6.7x 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 Kasen International Holdings Company Filings, last reported 3 months ago.

DB:K1Q Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 2,918.96 900.00 469.64
2018-09-30 2,918.96 900.00 469.64
2018-06-30 2,964.12 992.36 905.72
2018-03-31 2,964.12 992.36 905.72
2017-12-31 2,898.47 492.97 503.56
2017-09-30 2,898.47 492.97 503.56
2017-06-30 3,036.64 641.56 972.45
2017-03-31 3,036.64 641.56 972.45
2016-12-31 3,126.07 780.95 452.61
2016-09-30 3,126.07 780.95 452.61
2016-06-30 3,241.47 1,007.12 314.82
2016-03-31 3,241.47 1,007.12 314.82
2015-12-31 3,280.10 2,038.20 421.00
2015-09-30 3,280.10 2,038.20 421.00
2015-06-30 3,148.45 2,261.45 439.62
2015-03-31 3,148.45 2,261.45 439.62
2014-12-31 3,107.31 2,592.38 565.08
2014-09-30 3,107.31 2,592.38 565.08
2014-06-30 3,133.62 2,519.19 482.93
2014-03-31 3,133.62 2,519.19 482.93
2013-12-31 3,418.20 2,083.56 641.28
2013-09-30 3,418.20 2,083.56 641.28
2013-06-30 3,222.42 1,707.85 255.38
2013-03-31 3,222.42 1,707.85 255.38
2012-12-31 2,911.74 1,296.21 587.15
2012-09-30 2,911.74 1,296.21 587.15
2012-06-30 2,674.83 1,434.58 493.34
  • Kasen International Holdings's level of debt (30.8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (61.2% vs 30.8% today).
  • Debt is well covered by operating cash flow (109.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 47.4x coverage).
X
Financial health checks
We assess Kasen International Holdings'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. Kasen International Holdings has a total score of 6/6, 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.

K1Q Dividends

 What is Kasen International Holdings'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 Kasen International Holdings dividends.
If you bought €2,000 of Kasen International Holdings 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 Kasen International Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Kasen International Holdings'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:K1Q 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 Consumer Durables Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 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.

DB:K1Q Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2015-08-27 0.000 0.000
2015-08-18 0.000 0.000
2015-03-27 0.000 0.000
2014-04-04 0.008 0.792
2014-03-27 0.008 0.591
2013-04-09 0.000 0.000
2013-03-27 0.000 0.000
2012-08-29 0.000 0.000
2012-04-11 0.000 0.000
2012-03-30 0.000 0.000
2011-08-25 0.049 5.158
2009-04-20 0.000 0.000

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

  • Unable to perform a dividend volatility check as Kasen International Holdings has not reported any payouts.
  • Unable to verify if Kasen International Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Kasen International Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Kasen International Holdings 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 Kasen International Holdings'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 Kasen International Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Kasen International Holdings 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.

K1Q Management

 What is the CEO of Kasen International Holdings'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
Kasen Zhu
COMPENSATION CN¥815,000
AGE 52
CEO Bio

Mr. Zhangjin Zhu, also known as Kasen, serves as the Chief Executive Officer of Kasen International Holdings Ltd. Mr. Zhu founded Kasen International Holdings in 1995. Mr. Zhu joined Kasen International Holdings on June 12, 1995 where he was involved in several business ventures in the areas of textile, leather processing, garment, trading, etc. With over 20 years of experience in the leather manufacturing industry, Mr. Zhu has extensive knowledge in the upholstered furniture industry in the PRC and has been a successful entrepreneur in leather manufacturing related businesses. Mr. Zhu serves as the Chairman of the Board of Kasen International Holdings Ltd. Mr. Zhu serves as Vice Chairman of the China Leather Association. He has been an Executive Director of Kasen International Holdings Ltd. since June 25, 2003. In recognition of his contribution to promote the development of the leather manufacturing industry, Mr. Zhu was awarded the 'Top Ten Outstanding Youths in Zhejiang Province' in 2003. In 2004, Mr. Zhu was awarded the 'Top Ten Binessmen in Zhejiang'. In 2006, he was one of the 10 recipients of the prestigious National May 4th Youth Award. In 2007, Mr. Zhu received the National May Day Award.

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

Average tenure and age of the Kasen International Holdings management team in years:

5.4
Average Tenure
49.5
Average Age
  • The average tenure for the Kasen International Holdings management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Kasen Zhu

TITLE
Founder
COMPENSATION
CN¥815K
AGE
52

Weijun Peng

TITLE
Chief Financial Officer
AGE
42
TENURE
1.8 yrs

Xiaohong Zhou

TITLE
VP of Internal Auditing & Executive Director
AGE
49

Jianhong Shen

TITLE
Assistant to the President & Executive Director
AGE
50

Kate Yiu

TITLE
Company Secretary
AGE
45
TENURE
12.3 yrs

Ying Cao

TITLE
Assistant Chief Executive Officer
AGE
51
TENURE
5.4 yrs
Board of Directors Tenure

Average tenure and age of the Kasen International Holdings board of directors in years:

3.4
Average Tenure
51
Average Age
  • The tenure for the Kasen International Holdings board of directors is about average.
Board of Directors

Kasen Zhu

TITLE
Founder
COMPENSATION
CN¥815K
AGE
52

Xiaohong Zhou

TITLE
VP of Internal Auditing & Executive Director
AGE
49
TENURE
1.8 yrs

Jianhong Shen

TITLE
Assistant to the President & Executive Director
AGE
50
TENURE
2.2 yrs

Lingqiang Zhou

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥155K
AGE
54
TENURE
7.8 yrs

Haibo Du

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥155K
AGE
49
TENURE
3.4 yrs

Yuchuan Zhang

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥155K
AGE
60
TENURE
7.1 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 (€)
22. Nov 18 Buy Yu Leung Lee Individual 21. Nov 18 21. Nov 18 28,966,000 €0.37 €10,706,098
12. Nov 18 Buy Yu Leung Lee Individual 05. Nov 18 05. Nov 18 59,975,000 €0.34 €20,151,953
17. Aug 18 Sell China Postal Code Card Trading Management Limited Company 17. Aug 18 17. Aug 18 -235,043,057 €0.17 €-39,355,419
20. Jun 18 Buy Zhangjin Zhu Individual 14. Jun 18 14. Jun 18 476,000 €0.29 €137,990
25. Jun 18 Buy Zhangjin Zhu Individual 20. Jun 18 20. Jun 18 291,000 €0.29 €85,261
25. Jun 18 Buy Zhangjin Zhu Individual 22. Jun 18 22. Jun 18 1,194,000 €0.31 €375,505
25. Jun 18 Buy Zhangjin Zhu Individual 21. Jun 18 21. Jun 18 684,000 €0.31 €209,349
20. Jun 18 Buy Zhangjin Zhu Individual 15. Jun 18 15. Jun 18 753,000 €0.30 €223,129
14. Jun 18 Buy Zhangjin Zhu Individual 13. Jun 18 13. Jun 18 1,479,000 €0.28 €415,867
14. Jun 18 Buy Zhangjin Zhu Individual 12. Jun 18 12. Jun 18 888,000 €0.27 €242,373
12. Jun 18 Buy Zhangjin Zhu Individual 11. Jun 18 11. Jun 18 866,000 €0.28 €239,410
12. Jun 18 Buy Zhangjin Zhu Individual 08. Jun 18 08. Jun 18 1,311,000 €0.25 €332,246
X
Management checks
We assess Kasen International Holdings'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. Kasen International Holdings 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.

K1Q News

Simply Wall St News

K1Q Company Info

Description

Kasen International Holdings Limited, an investment holding company, manufactures and sells upholstered furniture in the United States, the People’s Republic of China, Europe, and internationally. It operates through Manufacturing, Properties Development, and Others segments. The company produces and sells sofas, dining chairs, and other furniture products; and glass fiber reinforced plastic products. It also develops properties; operates resorts; and provides property management and tourism resort-related services. In addition, the company engages in the operation of a restaurant and hotel, and provision of travel-related services; wood processing activities; and trading of leather products. Kasen International Holdings Limited was founded in 1995 and is headquartered in Haining City, the People’s Republic of China.

Details
Name: Kasen International Holdings Limited
K1Q
Exchange: DB
Founded: 1995
HK$995,502,024
1,493,636,881
Website: http://www.kasen.com.cn
Address: Kasen International Holdings Limited
Building 1,
236 Haizhou Road West,
Haining City,
Zhejiang Province, 314400,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 496 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 20. Oct 2005
DB K1Q Ordinary Shares Deutsche Boerse AG DE EUR 20. Oct 2005
Number of employees
Current staff
Staff numbers
3,400
Kasen International Holdings employees.
Industry
Home Furnishings
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 20:52
End of day share price update: 2019/04/18 00:00
Last earnings filing: 2019/03/21
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.