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Springland International Holdings

DB:233
Snowflake Description

Undervalued with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
233
DB
HK$3B
Market Cap
  1. Home
  2. DE
  3. Consumer Retailing
Company description

Springland International Holdings Limited, an investment holding company, operates and manages department stores and supermarkets in the People’s Republic of China. The last earnings update was 3 days ago. More info.


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233 Share Price and Events
7 Day Returns
-1.1%
DB:233
0.3%
Europe Consumer Retailing
1.8%
DE Market
1 Year Returns
-13.9%
DB:233
1.5%
Europe Consumer Retailing
-6%
DE Market
233 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Springland International Holdings (233) -1.1% 13.2% 4% -13.9% 17.6% -31.6%
Europe Consumer Retailing 0.3% -0.3% 2.2% 1.5% -4.6% -7.6%
DE Market 1.8% 4.2% 7.4% -6% 10.1% 15.4%
1 Year Return vs Industry and Market
  • 233 underperformed the Consumer Retailing industry which returned 1.5% over the past year.
  • 233 underperformed the Market in Germany which returned -6% over the past year.
Price Volatility
233
Industry
5yr Volatility vs Market
Related Companies

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

Value

 Is Springland 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 Springland 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 Springland International Holdings.

DB:233 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.5%
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:233
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Consumer Retailing Unlevered Beta Simply Wall St/ S&P Global 0.47
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.465 (1 + (1- 25%) (106.64%))
0.891
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.89
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.891 * 5.96%)
5.54%

Discounted Cash Flow Calculation for DB:233 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Springland 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:233 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 5.54%)
2019 471.48 Est @ 13.17% 446.74
2020 515.28 Est @ 9.29% 462.62
2021 549.15 Est @ 6.57% 467.15
2022 574.78 Est @ 4.67% 463.30
2023 593.96 Est @ 3.34% 453.64
2024 608.24 Est @ 2.4% 440.16
2025 618.89 Est @ 1.75% 424.37
2026 626.90 Est @ 1.29% 407.30
2027 633.01 Est @ 0.97% 389.69
2028 637.76 Est @ 0.75% 372.01
Present value of next 10 years cash flows CN¥4,326.98
DB:233 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CN¥637.76 × (1 + 0.23%) ÷ (5.54% – 0.23%)
CN¥12,037.25
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥12,037.25 ÷ (1 + 5.54%)10
CN¥7,021.45
DB:233 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥4,326.98 + CN¥7,021.45
CN¥11,348.43
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥11,348.43 / 2,020.00
CN¥52.43
DB:233 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:1700)
1.169
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥5.62 x 1.169
HK$6.57
Non-primary Listing Adjustment Factor 1 share in DB:233 represents 0.10714x of SEHK:1700
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.10714x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 6.57 x 0.10714
€0.70
Value per share (EUR) From above. €0.70
Current discount Discount to share price of €0.18
= -1 x (€0.18 - €0.70) / €0.70
74.4%

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

Current Discount
Amount off the current price Springland International Holdings is available for.
Intrinsic value
>50%
Share price is €0.18 vs Future cash flow value of €0.7039
Current Discount Checks
For Springland International Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Springland International Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Springland 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 Springland International Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Springland International Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:233 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥0.19
SEHK:1700 Share Price ** SEHK (2019-04-18) in HKD HK$1.68
SEHK:1700 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.855 CN¥1.44
Europe Consumer Retailing Industry PE Ratio Median Figure of 32 Publicly-Listed Consumer Retailing Companies 19.38x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.59x

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

** Primary Listing of Springland International Holdings.

DB:233 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1700 Share Price ÷ EPS (both in CNY)

= 1.44 ÷ 0.19

7.61x

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

  • Springland International Holdings is good value based on earnings compared to the Europe Consumer Retailing industry average.
  • Springland International Holdings is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Springland International Holdings's expected growth come at a high price?
Raw Data
DB:233 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.61x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
11.6%per year
Europe Consumer Retailing Industry PEG Ratio Median Figure of 24 Publicly-Listed Consumer Retailing Companies 1.71x
Germany Market PEG Ratio Median Figure of 270 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 Springland International Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Springland International Holdings's assets?
Raw Data
DB:233 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥2.45
SEHK:1700 Share Price * SEHK (2019-04-18) in HKD HK$1.68
SEHK:1700 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.855 CN¥1.44
Europe Consumer Retailing Industry PB Ratio Median Figure of 41 Publicly-Listed Consumer Retailing Companies 1.58x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.84x
DB:233 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1700 Share Price ÷ Book Value per Share (both in CNY)

= 1.44 ÷ 2.45

0.59x

* Primary Listing of Springland International Holdings.

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

  • Springland International Holdings is good value based on assets compared to the Europe Consumer Retailing industry average.
X
Value checks
We assess Springland 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 Retailing 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 Retailing industry average (and greater than 0)? (1 check)
  5. Springland International Holdings 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 Springland International Holdings expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

  • No analysts cover Springland International Holdings, 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
11.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Springland International Holdings expected to grow at an attractive rate?
  • Springland International Holdings's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Springland International Holdings's earnings growth is expected to exceed the Germany market average.
  • Unable to compare Springland International Holdings's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:233 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:233 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 11.6%
Europe Consumer Retailing Industry Earnings Growth Rate Market Cap Weighted Average 12%
Europe Consumer Retailing Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
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:233 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:233 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2019-12-31 4,621 1
DB:233 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 5,270 1,146 400
2018-09-30 5,244 1,173 377
2018-06-30 5,218 1,201 354
2018-03-31 5,148 1,098 347
2017-12-31 5,078 995 340
2017-09-30 4,970 979 327
2017-06-30 4,863 962 313
2017-03-31 4,854 962 319
2016-12-31 4,846 962 325
2016-09-30 4,810 908 347
2016-06-30 4,774 854 370
2016-03-31 4,741 846 425

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Springland International Holdings's earnings are expected to grow by 11.6% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Springland 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:233 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 1 Analyst Estimates (S&P Global) See Below

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

DB:233 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2019-12-31
DB:233 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 0.19
2018-09-30 0.17
2018-06-30 0.16
2018-03-31 0.15
2017-12-31 0.15
2017-09-30 0.14
2017-06-30 0.13
2017-03-31 0.14
2016-12-31 0.14
2016-09-30 0.14
2016-06-30 0.15
2016-03-31 0.17

*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 Springland International Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Springland 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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Springland International Holdings 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.

Past Performance

  How has Springland 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 Springland International Holdings's growth in the last year to its industry (Consumer Retailing).
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.
  • Springland International Holdings's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Springland International Holdings's 1-year earnings growth exceeds its 5-year average (17.6% vs -18.4%)
  • Springland International Holdings's earnings growth has exceeded the Europe Consumer Retailing industry average in the past year (17.6% vs -4.5%).
Earnings and Revenue History
Springland 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 Springland International Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:233 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 5,270.42 400.02 799.88
2018-09-30 5,244.14 377.13 810.46
2018-06-30 5,217.86 354.23 821.04
2018-03-31 5,147.91 347.13 815.16
2017-12-31 5,077.95 340.02 809.28
2017-09-30 4,970.47 326.54 796.40
2017-06-30 4,862.99 313.06 783.52
2017-03-31 4,854.39 319.06 772.47
2016-12-31 4,845.79 325.06 761.42
2016-09-30 4,809.73 347.28 750.86
2016-06-30 4,773.67 369.51 740.30
2016-03-31 4,740.53 424.90 734.42
2015-12-31 4,707.38 480.29 728.54
2015-09-30 4,751.86 519.33 719.36
2015-06-30 4,796.34 558.38 710.19
2015-03-31 4,803.20 596.22 701.40
2014-12-31 4,810.07 634.07 692.62
2014-09-30 4,809.16 672.10 694.65
2014-06-30 4,808.25 710.13 696.68
2014-03-31 4,749.55 720.24 681.37
2013-12-31 4,690.86 730.36 666.07
2013-09-30 4,574.24 718.15 632.41
2013-06-30 4,457.62 705.95 598.75
2013-03-31 4,354.11 678.62 574.70
2012-12-31 4,250.60 651.29 550.64
2012-09-30 4,186.09 636.58 537.76
2012-06-30 4,121.59 621.87 524.89

*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.
  • Springland International Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Springland International Holdings used its assets less efficiently than the Europe Consumer Retailing industry average last year based on Return on Assets.
  • Springland International Holdings has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Springland 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 Retailing 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.
Springland International Holdings 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.

Health

 How is Springland 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 Springland International Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Springland International Holdings's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Springland International Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Springland 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 not covered by short term assets, assets are 0.5x 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 Springland International Holdings Company Filings, last reported 3 months ago.

DB:233 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 5,159.83 3,094.59 617.44
2018-09-30 5,159.83 3,094.59 617.44
2018-06-30 5,209.01 3,179.10 496.51
2018-03-31 5,209.01 3,179.10 496.51
2017-12-31 5,250.49 2,990.99 511.20
2017-09-30 5,250.49 2,990.99 511.20
2017-06-30 5,269.16 3,124.27 493.81
2017-03-31 5,269.16 3,124.27 493.81
2016-12-31 5,140.43 2,862.95 401.59
2016-09-30 5,140.43 2,862.95 401.59
2016-06-30 5,240.06 3,392.29 753.21
2016-03-31 5,240.06 3,392.29 753.21
2015-12-31 5,217.71 2,975.61 629.06
2015-09-30 5,217.71 2,975.61 629.06
2015-06-30 5,340.66 2,057.92 520.83
2015-03-31 5,340.66 2,057.92 520.83
2014-12-31 5,197.22 2,609.01 1,937.66
2014-09-30 5,197.22 2,609.01 1,937.66
2014-06-30 5,171.59 2,824.00 2,011.10
2014-03-31 5,171.59 2,824.00 2,011.10
2013-12-31 5,025.88 2,863.83 2,792.92
2013-09-30 5,025.88 2,863.83 2,792.92
2013-06-30 4,923.49 2,627.45 3,106.24
2013-03-31 4,923.49 2,627.45 3,106.24
2012-12-31 4,710.64 1,449.16 2,249.31
2012-09-30 4,710.64 1,449.16 2,249.31
2012-06-30 4,336.00 1,640.96 2,497.18
  • Springland International Holdings's level of debt (60%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (57% vs 60% today).
  • Debt is well covered by operating cash flow (37%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 8.3x coverage).
X
Financial health checks
We assess Springland 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. Springland International Holdings has a total score of 3/6, 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 Springland 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
5.93%
Current annual income from Springland International Holdings dividends. Estimated to be 5.57% next year.
If you bought €2,000 of Springland International Holdings shares you are expected to receive €119 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?
  • Springland International Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • Springland International Holdings's dividend is above the markets top 25% of dividend payers in Germany (3.72%).
Upcoming dividend payment

Purchase Springland International Holdings 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:233 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 1 Analyst Estimates (S&P Global) See Below
Europe Consumer Retailing Industry Average Dividend Yield Market Cap Weighted Average of 34 Stocks 3.7%
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:233 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2019-12-31 0.08 1.00
DB:233 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-03-25 0.085 6.051
2018-08-10 0.068 4.929
2018-03-21 0.064 4.069
2017-04-20 0.064 5.078
2016-08-18 0.085 7.934
2016-04-07 0.092 9.815
2016-03-16 0.092 7.221
2015-04-10 0.136 8.234
2015-03-16 0.136 7.085
2014-08-13 0.130 5.968
2014-03-25 0.147 5.931
2014-03-11 0.146 5.401
2013-03-25 0.125 4.044
2013-03-13 0.128 3.800
2012-02-28 0.160 4.621
2011-08-08 0.065 1.547
2011-03-16 0.058 1.064

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

  • Springland International Holdings has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Springland International Holdings only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of Springland International Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.1x 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 Springland 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 Springland International Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Springland International Holdings 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.

Management

 What is the CEO of Springland 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
Jianqiang Chen
COMPENSATION CN¥1,326,000
AGE 60
TENURE AS CEO 1.1 years
CEO Bio

Mr. Jianqiang Chen Founded Springland International Holdings Limited and serveS as its Chief Executive Officer since March 21, 2018. Mr. Chen has been Executive Chairman of the Board at Springland International Holdings Limited since June 2006 and its Executive Director since June 23, 2006.

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

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

1.1
Average Tenure
47
Average Age
  • The average tenure for the Springland International Holdings management team is less than 2 years, this suggests a new team.
Management Team

Jianqiang Chen

TITLE
Founder
COMPENSATION
CN¥1M
AGE
60
TENURE
1.1 yrs

Ho Lai

TITLE
Company Secretary
AGE
28
TENURE
0.3 yrs

Tao Zhu

TITLE
Vice President
COMPENSATION
CN¥259K
AGE
47
TENURE
6.8 yrs
Board of Directors Tenure

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

11.2
Average Tenure
58.5
Average Age
  • The average tenure for the Springland International Holdings board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Jianqiang Chen

TITLE
Founder
COMPENSATION
CN¥1M
AGE
60
TENURE
12.8 yrs

Zhang Weijiong

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥311K
AGE
65
TENURE
11.2 yrs

Zhijun Lin

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥311K
AGE
63
TENURE
11.2 yrs

Qingrong Tao

TITLE
Non-Executive Director
COMPENSATION
CN¥2M
AGE
57
TENURE
12.6 yrs

John Fung

TITLE
Non-Executive Director
AGE
50
TENURE
8.8 yrs

Yat Cheung

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥311K
AGE
49
TENURE
5.1 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 (€)
31. Mar 19 Sell International Value Advisers, LLC Company 28. Mar 19 28. Mar 19 -8,176,000 €0.18 €-1,466,251
20. Mar 19 Buy FIL Limited Company 15. Mar 19 15. Mar 19 85,000 €0.18 €14,919
24. Dec 18 Sell International Value Advisers, LLC Company 21. Dec 18 21. Dec 18 -1,028,000 €0.18 €-180,560
17. Sep 18 Sell International Value Advisers, LLC Company 13. Sep 18 13. Sep 18 -202,000 €0.20 €-39,890
20. Aug 18 Sell International Value Advisers, LLC Company 15. Aug 18 15. Aug 18 -1,444,000 €0.21 €-300,594
24. May 18 Sell FIL Limited Company 18. May 18 18. May 18 -567,000 €0.22 €-122,748
X
Management checks
We assess Springland 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. Springland 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.

News

Simply Wall St News

Company Info

Description

Springland International Holdings Limited, an investment holding company, operates and manages department stores and supermarkets in the People’s Republic of China. It operates through two segments, Department Store and Supermarket. The company’s department stores offer various categories of merchandise, including fashion and apparel; cosmetics, jewelry, and accessories; footwear; athletic apparel and casual wear; children’s wear and home furnishing; household and electronic appliances; and other products, as well as watches and gold. Its supermarkets offer a range of fresh food, dry food, and non-food merchandise products. The company operates under the Springland, Yaohan, and Dadonghua brand names. As of December 31, 2017, it operated and managed 80 stores, including 19 department stores and comprehensive lifestyle shopping malls, managed store, and 60 supermarkets in Jiangsu, Anhui, and Zhenjiang provinces. The company is also involved in the property holding activities; provision of technology, logistics, catering management, investment management, and advertising services; supply of vegetables; and leisure drinks and food processing activities. The company was founded in 1996 and is headquartered in Wuxi, the People's Republic of China. Springland International Holdings Limited is a subsidiary of Octopus Holdings Foundation.

Details
Name: Springland International Holdings Limited
233
Exchange: DB
Founded: 1996
HK$384,663,026
2,020,000,000
Website: http://www.springlandgroup.com.cn
Address: Springland International Holdings Limited
Wuxi Jinling Hotel,
26th Floor,
Wuxi,
Jiangsu Province, 214000,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1700 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 21. Oct 2010
DB 233 Ordinary Shares Deutsche Boerse AG DE EUR 21. Oct 2010
OTCPK SPRH.Y ADR Pink Sheets LLC US USD 08. Oct 2012
Number of employees
Current staff
Staff numbers
8,291
Springland International Holdings employees.
Industry
Food Retail
Consumer Retailing
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/20 21:24
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/03/25
Last earnings filing: 2019/04/17
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.