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Weiqiao Textile

DB:WEZ
Snowflake Description

Flawless balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
WEZ
DB
HK$4B
Market Cap
  1. Home
  2. DE
  3. Consumer Durables
Company description

Weiqiao Textile Company Limited, together with its subsidiaries, manufactures, distributes, and sells cotton yarns, grey fabrics, and denims primarily in the People’s Republic of China, Southeast Asia, Hong Kong, East Asia, and internationally. The last earnings update was 10 days ago. More info.


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WEZ Share Price and Events
7 Day Returns
-1.4%
DB:WEZ
0.3%
DE Luxury
0.8%
DE Market
1 Year Returns
-8.2%
DB:WEZ
11.6%
DE Luxury
-4.5%
DE Market
WEZ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Weiqiao Textile (WEZ) -1.4% 4.8% 20.3% -8.2% -46.3% -10.7%
DE Luxury 0.3% 7.8% 12.3% 11.6% 89.5% 124.5%
DE Market 0.8% 6.9% 8.1% -4.5% 10.4% 13.9%
1 Year Return vs Industry and Market
  • WEZ underperformed the Luxury industry which returned 11.6% over the past year.
  • WEZ underperformed the Market in Germany which returned -4.5% over the past year.
Price Volatility
WEZ
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Weiqiao Textile's competitors could be found in our database.

WEZ Value

 Is Weiqiao Textile 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 Weiqiao Textile 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 Weiqiao Textile.

DB:WEZ 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 7%
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:WEZ
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))
= 0.73 (1 + (1- 25%) (88.45%))
1.143
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.14
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.143 * 5.96%)
7.04%

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

The calculations below outline how an intrinsic value for Weiqiao Textile 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:WEZ DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 7.04%)
2019 281.18 Est @ -44.49% 262.68
2020 193.80 Est @ -31.07% 169.14
2021 151.78 Est @ -21.68% 123.75
2022 128.84 Est @ -15.11% 98.14
2023 115.30 Est @ -10.51% 82.05
2024 106.90 Est @ -7.29% 71.07
2025 101.52 Est @ -5.03% 63.05
2026 98.01 Est @ -3.45% 56.87
2027 95.71 Est @ -2.35% 51.88
2028 94.20 Est @ -1.58% 47.70
Present value of next 10 years cash flows CN¥1,026.32
DB:WEZ DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CN¥94.20 × (1 + 0.23%) ÷ (7.04% – 0.23%)
CN¥1,385.66
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥1,385.66 ÷ (1 + 7.04%)10
CN¥701.66
DB:WEZ Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥1,026.32 + CN¥701.66
CN¥1,727.98
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥1,727.98 / 1,194.39
CN¥13.18
DB:WEZ Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:2698)
1.163
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥1.45 x 1.163
HK$1.68
Non-primary Listing Adjustment Factor 1 share in DB:WEZ represents 0.10975x of SEHK:2698
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.10975x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 1.68 x 0.10975
€0.18
Value per share (EUR) From above. €0.18
Current discount Discount to share price of €0.35
= -1 x (€0.35 - €0.18) / €0.18
-89%

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

  • The current share price of Weiqiao Textile is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Weiqiao Textile's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Weiqiao Textile's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:WEZ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥0.54
SEHK:2698 Share Price ** SEHK (2019-04-25) in HKD HK$3.18
SEHK:2698 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.86 CN¥2.73
Germany Luxury Industry PE Ratio Median Figure of 7 Publicly-Listed Luxury Companies 21.83x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 20.1x

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

** Primary Listing of Weiqiao Textile.

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

= SEHK:2698 Share Price ÷ EPS (both in CNY)

= 2.73 ÷ 0.54

5.07x

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

  • Weiqiao Textile is good value based on earnings compared to the DE Luxury industry average.
  • Weiqiao Textile is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Weiqiao Textile's expected growth come at a high price?
Raw Data
DB:WEZ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.07x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
20%per year
Europe Luxury Industry PEG Ratio Median Figure of 40 Publicly-Listed Luxury Companies 1.7x
Germany Market PEG Ratio Median Figure of 268 Publicly-Listed Companies 1.57x

*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 Weiqiao Textile, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Weiqiao Textile's assets?
Raw Data
DB:WEZ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥15.40
SEHK:2698 Share Price * SEHK (2019-04-25) in HKD HK$3.18
SEHK:2698 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.86 CN¥2.73
Germany Luxury Industry PB Ratio Median Figure of 11 Publicly-Listed Luxury Companies 1.63x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.87x
DB:WEZ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:2698 Share Price ÷ Book Value per Share (both in CNY)

= 2.73 ÷ 15.40

0.18x

* Primary Listing of Weiqiao Textile.

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

  • Weiqiao Textile is good value based on assets compared to the DE Luxury industry average.
X
Value checks
We assess Weiqiao Textile'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. Weiqiao Textile 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.

WEZ Future Performance

 How is Weiqiao Textile expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Weiqiao Textile, 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
20%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Weiqiao Textile expected to grow at an attractive rate?
  • Weiqiao Textile's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Weiqiao Textile's earnings growth is expected to exceed the Germany market average.
  • Unable to compare Weiqiao Textile's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:WEZ Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:WEZ Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 20%
Germany Luxury Industry Earnings Growth Rate Market Cap Weighted Average 11.2%
Germany Luxury Industry Revenue Growth Rate Market Cap Weighted Average 6.6%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.8%
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:WEZ 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:WEZ Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
DB:WEZ Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 16,456 1,996 644
2018-09-30 16,366 585
2018-06-30 16,277 2,797 525
2018-03-31 16,325 2,907 524
2017-12-31 16,373 3,017 522
2017-09-30 16,561 736
2017-06-30 16,748 3,683 949
2017-03-31 15,462 3,675 971
2016-12-31 14,175 3,666 993
2016-09-30 13,874 3,772 1,001
2016-06-30 13,573 3,878 1,009
2016-03-31 13,036 4,093 994

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Weiqiao Textile's earnings are expected to grow by 20% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Weiqiao Textile 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:WEZ 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 Weiqiao Textile Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:WEZ Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
DB:WEZ Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 0.54
2018-09-30 0.49
2018-06-30 0.44
2018-03-31 0.44
2017-12-31 0.44
2017-09-30 0.62
2017-06-30 0.79
2017-03-31 0.81
2016-12-31 0.83
2016-09-30 0.84
2016-06-30 0.84
2016-03-31 0.83

*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 Weiqiao Textile will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Weiqiao Textile'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.
Weiqiao Textile has a total score of 2/6, 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.

WEZ Past Performance

  How has Weiqiao Textile 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 Weiqiao Textile'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.
  • Weiqiao Textile's year on year earnings growth rate has been positive over the past 5 years.
  • Weiqiao Textile's 1-year earnings growth exceeds its 5-year average (23.3% vs 4.8%)
  • Weiqiao Textile's earnings growth has exceeded the DE Luxury industry average in the past year (23.3% vs 21.1%).
Earnings and Revenue History
Weiqiao Textile'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 Weiqiao Textile Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:WEZ 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 16,455.88 643.91 443.74
2018-09-30 16,366.42 584.59 422.69
2018-06-30 16,276.96 525.28 452.64
2018-03-31 16,325.17 523.76 460.00
2017-12-31 16,373.39 522.25 416.35
2017-09-30 16,560.61 735.59 438.41
2017-06-30 16,747.84 948.94 460.48
2017-03-31 15,461.65 970.82 472.54
2016-12-31 14,175.45 992.71 484.60
2016-09-30 13,874.20 1,000.90 480.73
2016-06-30 13,572.96 1,009.10 476.86
2016-03-31 13,035.58 994.22 468.56
2015-12-31 12,498.21 979.35 460.25
2015-09-30 11,298.00 695.48 466.64
2015-06-30 10,097.80 411.62 473.03
2015-03-31 10,654.47 359.93 464.90
2014-12-31 11,211.15 308.24 456.76
2014-09-30 12,181.41 440.56 459.19
2014-06-30 13,151.67 572.87 461.61
2014-03-31 13,516.16 600.84 474.69
2013-12-31 13,880.64 628.81 487.78
2013-09-30 14,060.56 661.23 483.85
2013-06-30 14,240.48 693.66 479.91
2013-03-31 14,744.22 587.77 469.26
2012-12-31 15,247.96 481.88 458.61
2012-09-30 15,079.19 118.20 448.51
2012-06-30 14,910.43 -245.49 438.41

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

WEZ Health

 How is Weiqiao Textile'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 Weiqiao Textile's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Weiqiao Textile is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Weiqiao Textile's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Weiqiao Textile'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 4.7x 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 Weiqiao Textile Company Filings, last reported 3 months ago.

DB:WEZ Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 18,408.85 2,888.11 9,798.97
2018-09-30 18,408.85 2,888.11 9,798.97
2018-06-30 18,081.33 6,982.76 13,219.38
2018-03-31 18,081.33 6,982.76 13,219.38
2017-12-31 17,959.11 7,225.11 12,723.32
2017-09-30 17,959.11 7,225.11 12,723.32
2017-06-30 18,071.44 9,699.02 14,325.94
2017-03-31 18,071.44 9,699.02 14,325.94
2016-12-31 17,780.74 10,750.67 11,292.43
2016-09-30 17,780.74 10,750.67 11,292.43
2016-06-30 17,133.47 8,808.93 9,986.83
2016-03-31 17,133.47 8,808.93 9,986.83
2015-12-31 17,095.18 9,015.41 12,031.91
2015-09-30 17,095.18 9,015.41 12,031.91
2015-06-30 16,430.45 9,766.87 11,224.50
2015-03-31 16,430.45 9,766.87 11,224.50
2014-12-31 16,210.48 9,794.01 10,713.44
2014-09-30 16,210.48 9,794.01 10,713.44
2014-06-30 16,112.54 9,031.19 9,627.52
2014-03-31 16,112.54 9,031.19 9,627.52
2013-12-31 16,101.85 10,426.43 10,210.69
2013-09-30 16,101.85 10,426.43 10,210.69
2013-06-30 15,756.20 7,903.24 5,639.82
2013-03-31 15,756.20 7,903.24 5,639.82
2012-12-31 15,643.87 9,066.38 7,470.06
2012-09-30 15,643.87 9,066.38 7,470.06
2012-06-30 15,219.12 9,001.17 3,888.10
  • Weiqiao Textile's level of debt (15.7%) 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 (64.7% vs 15.7% today).
  • Debt is well covered by operating cash flow (69.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.8x coverage).
X
Financial health checks
We assess Weiqiao Textile'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. Weiqiao Textile 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.

WEZ Dividends

 What is Weiqiao Textile'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
6.06%
Current annual income from Weiqiao Textile dividends.
If you bought €2,000 of Weiqiao Textile shares you are expected to receive €121 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?
  • Weiqiao Textile's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.44%).
  • Weiqiao Textile's dividend is above the markets top 25% of dividend payers in Germany (3.67%).
Upcoming dividend payment

Purchase Weiqiao Textile before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:WEZ 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 6 Stocks 1.6%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 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:WEZ Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
DB:WEZ Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-04-15 0.166 5.994
2019-03-15 0.166 6.143
2018-03-16 0.150 5.744
2017-08-14 0.280 7.953
2016-05-30 0.253 5.338
2015-05-28 0.077 2.359
2014-04-11 0.166 4.794
2013-03-27 0.125 3.473
2012-03-23 0.059 2.280
2011-03-21 0.438 11.170
2010-04-16 0.234 4.506
2010-03-30 0.234 4.113
2009-12-31 0.234 4.807

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

  • Weiqiao Textile has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Weiqiao Textile has only been paying a dividend for 9 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Weiqiao Textile's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.3x coverage).
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 Weiqiao Textile'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 Weiqiao Textile afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Weiqiao Textile has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

WEZ Management

 What is the CEO of Weiqiao Textile'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
Jiakun Wei
COMPENSATION CN¥701,000
AGE 50
TENURE AS CEO 4.4 years
CEO Bio

Mr. Wei Jiakun has been the General Manager and Chief Executive officer of Weiqiao Textile Co. Ltd. since November 18, 2014. Mr. Wei joined the Company's predecessor, Weiqiao Cotton Spinning Factory, in 1986 and has over 26 years of experience in cotton textile industry. Mr. Wei served as the workshop director and director in the spinning mill of Weiqiao Cotton Spinning Factory from September 1990 to October 2001, the general manager of Weihai Weiqiao from November 2001 to September 2002, the deputy general manager of Weiqiao Industrial Park from October 2002 to January 2005, the general manager of Zouping No.2 Industrial Park from February 2005 to April 2009 and the general manager of Binzhou Industrial Park from May 2009 to November 2014.

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

Average tenure and age of the Weiqiao Textile management team in years:

10.4
Average Tenure
47
Average Age
  • The average tenure for the Weiqiao Textile management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Hongxia Zhang

TITLE
Chairman
COMPENSATION
CN¥1M
AGE
46

Jiakun Wei

TITLE
Chief Executive & GM
COMPENSATION
CN¥701K
AGE
50
TENURE
4.4 yrs

Suwen Zhao

TITLE
CFO & Executive Director
COMPENSATION
CN¥695K
AGE
44
TENURE
9.1 yrs

Suhua Zhao

TITLE
Deputy GM of Sales Department & Non-Executive Director
COMPENSATION
CN¥187K
AGE
48
TENURE
13.2 yrs

Jinglei Zhang

TITLE
Company Secretary & Executive Director
COMPENSATION
CN¥390K
AGE
42
TENURE
8.9 yrs

Xuelian Fan

TITLE
Supervisor
AGE
47
TENURE
1.1 yrs

Weijian Zhao

TITLE
Head of Accounting
AGE
47
TENURE
14.6 yrs

Wang Guoming

TITLE
Head of Corporate Management Division and Deputy General Manager
AGE
46
TENURE
11.7 yrs

Xiaoyun Wang

TITLE
Chairman of the Supervisory Board & Head of the Production Technical Department
COMPENSATION
CN¥98K
AGE
53
TENURE
13.2 yrs
Board of Directors Tenure

Average tenure and age of the Weiqiao Textile board of directors in years:

10.9
Average Tenure
47
Average Age
  • The average tenure for the Weiqiao Textile board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Hongxia Zhang

TITLE
Chairman
COMPENSATION
CN¥1M
AGE
46
TENURE
12.6 yrs

Yanhong Zhang

TITLE
Vice Chairman
COMPENSATION
CN¥705K
AGE
42

Suwen Zhao

TITLE
CFO & Executive Director
COMPENSATION
CN¥695K
AGE
44
TENURE
16.5 yrs

Suhua Zhao

TITLE
Deputy GM of Sales Department & Non-Executive Director
COMPENSATION
CN¥187K
AGE
48
TENURE
10.9 yrs

Jinglei Zhang

TITLE
Company Secretary & Executive Director
COMPENSATION
CN¥390K
AGE
42
TENURE
8.9 yrs

Xiaoyun Wang

TITLE
Chairman of the Supervisory Board & Head of the Production Technical Department
COMPENSATION
CN¥98K
AGE
53
TENURE
1 yrs

George Chan

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥502K
AGE
63
TENURE
16.2 yrs

Yanzhao Liu

TITLE
Independent Non-Executive Director
AGE
44
TENURE
0.9 yrs

Shiping Zhang

TITLE
Non-Executive Director
COMPENSATION
CN¥100K
AGE
71
TENURE
19.4 yrs

Shuwen Chen

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥150K
AGE
62
TENURE
4.9 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 (€)
07. Mar 19 Sell Brandes Investment Partners, L.P. Company 05. Mar 19 05. Mar 19 -78,000 €0.35 €-27,613
16. Nov 18 Sell Brandes Investment Partners, L.P. Company 14. Nov 18 14. Nov 18 -468,000 €0.30 €-138,852
12. Oct 18 Buy Brandes Investment Partners, L.P. Company 10. Oct 18 10. Oct 18 37,000 €0.30 €11,054
26. Jun 18 Buy Weiqiao Pioneering (Hong Kong) Import & Export Company Limited Company 25. Jun 18 25. Jun 18 261,500 €0.40 €103,907
25. Jun 18 Buy Weiqiao Pioneering (Hong Kong) Import & Export Company Limited Company 22. Jun 18 22. Jun 18 270,000 €0.40 €107,200
03. Jul 18 Buy Weiqiao Pioneering (Hong Kong) Import & Export Company Limited Company 28. Jun 18 28. Jun 18 400,000 €0.38 €150,380
03. Jul 18 Buy Weiqiao Pioneering (Hong Kong) Import & Export Company Limited Company 29. Jun 18 29. Jun 18 414,500 €0.39 €159,592
27. Jun 18 Buy Weiqiao Pioneering (Hong Kong) Import & Export Company Limited Company 26. Jun 18 26. Jun 18 360,000 €0.39 €140,616
21. Jun 18 Buy Weiqiao Pioneering (Hong Kong) Import & Export Company Limited Company 19. Jun 18 19. Jun 18 278,000 €0.40 €109,891
22. Jun 18 Buy Weiqiao Pioneering (Hong Kong) Import & Export Company Limited Company 21. Jun 18 21. Jun 18 265,500 €0.41 €108,259
21. Jun 18 Buy Weiqiao Pioneering (Hong Kong) Import & Export Company Limited Company 20. Jun 18 20. Jun 18 322,000 €0.40 €128,430
X
Management checks
We assess Weiqiao Textile'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. Weiqiao Textile 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.

WEZ News

Simply Wall St News

WEZ Company Info

Description

Weiqiao Textile Company Limited, together with its subsidiaries, manufactures, distributes, and sells cotton yarns, grey fabrics, and denims primarily in the People’s Republic of China, Southeast Asia, Hong Kong, East Asia, and internationally. The company operates through Textile Products; and Electricity and Steam segments. Its products include carded, combed, compact, and open-ended spun cotton yarns; grey fabrics, such as plain fabrics, twill weave fabrics, tribute silk series, jacquard series, and khaki drills; and denims comprising cotton, cotton spandex elasticity, cotton dacron elasticity, cotton and bamboo blend, bamboo joint, cotton regenerated cellulose fibers blend, and other denims. The company also produces and sells polyester yarn and related products; and trades in textile raw materials and products. In addition, it is involved in the generation and sale of electricity and steam. The company is based in Binzhou, the People’s Republic of China. Weiqiao Textile Company Limited is a subsidiary of Shandong Weiqiao Chuangye Group Company Limited.

Details
Name: Weiqiao Textile Company Limited
WEZ
Exchange: DB
Founded:
HK$434,738,063
1,194,389,000
Website: http://www.wqfz.com
Address: Weiqiao Textile Company Limited
No. 1, Weifang Road,
Zouping Economic Development Zone,
Binzhou,
Shandong Province, 256200,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 2698 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong Ltd. HK HKD 24. Sep 2003
OTCPK WQTE.F Foreign Shares-Foreign Listed Pink Sheets LLC US USD 24. Sep 2003
DB WEZ Foreign Shares-Foreign Listed Deutsche Boerse AG DE EUR 24. Sep 2003
Number of employees
Current staff
Staff numbers
52,000
Weiqiao Textile employees.
Industry
Textiles
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/25 21:07
End of day share price update: 2019/04/25 00:00
Last estimates confirmation: 2017/08/18
Last earnings filing: 2019/04/15
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.