Loading...

China New Higher Education Group

BST:8CN
Snowflake Description

High growth potential and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
8CN
BST
HK$5B
Market Cap
  1. Home
  2. DE
  3. Consumer Services
Company description

China New Higher Education Group Limited, an investment holding company, provides higher education services in various fields of applied sciences in the People's Republic of China. The last earnings update was 95 days ago. More info.


Add to Portfolio Compare Print
8CN Share Price and Events
7 Day Returns
0%
BST:8CN
1.9%
Europe Consumer Services
-0.4%
DE Market
1 Year Returns
-
BST:8CN
-40.3%
Europe Consumer Services
-19.5%
DE Market
8CN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
China New Higher Education Group (8CN) 0% 0% 0.4% - - -
Europe Consumer Services 1.9% -8.4% -17.9% -40.3% -57% -48.4%
DE Market -0.4% -6% -14% -19.5% -7.9% 0.5%
1 Year Return vs Industry and Market
  • No trading data on 8CN.
  • No trading data on 8CN.
Price Volatility
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for China New Higher Education Group's competitors could be found in our database.

Value

 Is China New Higher Education Group 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 China New Higher Education Group 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 China New Higher Education Group.

BST:8CN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 15 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.2%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.5%

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 BST:8CN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 9.5%
Consumer Services Unlevered Beta Simply Wall St/ S&P Global 0.88
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.881 (1 + (1- 25%) (36.45%))
1.122
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.12
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.54% + (1.122 * 9.46%)
11.15%

Discounted Cash Flow Calculation for BST:8CN using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for China New Higher Education Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

BST:8CN DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (CNY, Millions) 438.09 484.61 570.57 794.00 858.00
Source Analyst x4 Analyst x4 Analyst x2 Analyst x1 Analyst x1
Present Value
Discounted (@ 11.15%)
394.13 392.23 415.46 520.13 505.65
Present value of next 5 years cash flows CN¥2,227.60
BST:8CN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= CN¥858.00 × (1 + 0.54%) ÷ (11.15% – 0.54%)
CN¥8,128.63
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= CN¥8,128.63 ÷ (1 + 11.15%)5
CN¥4,790.51
BST:8CN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= CN¥2,227.60 + CN¥4,790.51
CN¥7,018.11
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥7,018.11 / 1,431.10
CN¥4.9
BST:8CN Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:2001)
1.139
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥4.9 x 1.139
HK$5.58
Non-primary Listing Adjustment Factor 1 share in BST:8CN represents 0.15409x of SEHK:2001
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.15409x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 5.58 x 0.15409
€0.86
Value per share (EUR) From above. €0.86
Current discount Discount to share price of €0.53
= -1 x (€0.53 - €0.86) / €0.86
38.8%

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

Current Discount
Amount off the current price China New Higher Education Group is available for.
Intrinsic value
39%
Share price is €0.527 vs Future cash flow value of €0.86049
Current Discount Checks
For China New Higher Education Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • China New Higher Education Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • China New Higher Education Group's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for China New Higher Education Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are China New Higher Education Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:8CN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in CNY CN¥0.19
SEHK:2001 Share Price ** SEHK (2018-10-05) in HKD HK$3.42
SEHK:2001 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.878 CN¥3
Europe Consumer Services Industry PE Ratio Median Figure of 12 Publicly-Listed Consumer Services Companies 31.21x
Germany Market PE Ratio Median Figure of 416 Publicly-Listed Companies 16.46x

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

** Primary Listing of China New Higher Education Group.

BST:8CN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:2001 Share Price ÷ EPS (both in CNY)

= 3 ÷ 0.19

15.74x

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

  • China New Higher Education Group is good value based on earnings compared to the Europe Consumer Services industry average.
  • China New Higher Education Group is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does China New Higher Education Group's expected growth come at a high price?
Raw Data
BST:8CN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.74x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts
25.9%per year
Europe Consumer Services Industry PEG Ratio Median Figure of 5 Publicly-Listed Consumer Services Companies 0.62x
Germany Market PEG Ratio Median Figure of 279 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

BST:8CN PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.74x ÷ 25.9%

0.61x

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

  • China New Higher Education Group is good value based on expected growth next year.
Price based on value of assets
What value do investors place on China New Higher Education Group's assets?
Raw Data
BST:8CN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in CNY CN¥1.27
SEHK:2001 Share Price * SEHK (2018-10-05) in HKD HK$3.42
SEHK:2001 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.878 CN¥3
Europe Consumer Services Industry PB Ratio Median Figure of 19 Publicly-Listed Consumer Services Companies 1.63x
Germany Market PB Ratio Median Figure of 563 Publicly-Listed Companies 1.69x
BST:8CN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:2001 Share Price ÷ Book Value per Share (both in CNY)

= 3 ÷ 1.27

2.36x

* Primary Listing of China New Higher Education Group.

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

  • China New Higher Education Group is overvalued based on assets compared to the Europe Consumer Services industry average.
X
Value checks
We assess China New Higher Education Group'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 Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Consumer Services industry average (and greater than 0)? (1 check)
  5. China New Higher Education Group has a total score of 4/6, 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 China New Higher Education Group expected to perform in the next 1 to 3 years based on estimates from 15 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
25.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is China New Higher Education Group expected to grow at an attractive rate?
  • China New Higher Education Group's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • China New Higher Education Group's earnings growth is expected to exceed the Germany market average.
  • China New Higher Education Group's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
BST:8CN Future Growth Rates Data Sources
Data Point Source Value (per year)
BST:8CN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts 25.9%
BST:8CN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 15 Analysts 36.1%
Europe Consumer Services Industry Earnings Growth Rate Market Cap Weighted Average 10.6%
Europe Consumer Services Industry Revenue Growth Rate Market Cap Weighted Average 6.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 10.4%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.3%

*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
BST:8CN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BST:8CN Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 1,728 623 1
2020-12-31 1,284 816 529 12
2019-12-31 972 871 405 15
2018-12-31 567 528 301 13
BST:8CN Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-06-30 451 294 273
2018-03-31 433 290 253
2017-12-31 414 287 233
2017-09-30 395 227 187
2017-06-30 375 167 141
2017-03-31 358 196 125
2016-12-31 341 225 110
2015-12-31 274 254 104

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • China New Higher Education Group's earnings are expected to grow significantly at over 20% yearly.
  • China New Higher Education Group's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BST:8CN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below

All data from China New Higher Education Group Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:8CN Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.44 0.44 0.44 1.00
2020-12-31 0.38 0.47 0.33 9.00
2019-12-31 0.29 0.34 0.25 11.00
2018-12-31 0.21 0.25 0.19 10.00
BST:8CN Past Financials Data
Date (Data in CNY Millions) EPS *
2018-06-30 0.19
2018-03-31 0.18
2017-12-31 0.17
2017-09-30 0.15
2017-06-30 0.12
2017-03-31 0.11
2016-12-31 0.10
2015-12-31

*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.
  • China New Higher Education Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess China New Higher Education Group'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.
China New Higher Education Group has a total score of 5/6, 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 China New Higher Education Group 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 China New Higher Education Group's growth in the last year to its industry (Consumer Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • China New Higher Education Group has delivered over 20% year on year earnings growth in the past 5 years.
  • China New Higher Education Group's 1-year earnings growth exceeds its 5-year average (94.3% vs 33.3%)
  • China New Higher Education Group's earnings growth has exceeded the Europe Consumer Services industry average in the past year (94.3% vs -3.8%).
Earnings and Revenue History
China New Higher Education Group'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 China New Higher Education Group Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:8CN Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 450.67 273.12 51.61
2018-03-31 432.54 253.24 56.68
2017-12-31 414.41 233.37 61.76
2017-09-30 394.86 186.96 67.55
2017-06-30 375.31 140.55 73.34
2017-03-31 358.15 125.32 68.22
2016-12-31 341.00 110.09 63.10
2015-12-31 273.99 104.25 40.27
2014-12-31 206.50 78.73 34.02

*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.
  • China New Higher Education Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • China New Higher Education Group used its assets more efficiently than the Europe Consumer Services industry average last year based on Return on Assets.
  • China New Higher Education Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess China New Higher Education Group'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 Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
China New Higher Education Group has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

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

Health

 How is China New Higher Education Group'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 China New Higher Education Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • China New Higher Education Group's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • China New Higher Education Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of China New Higher Education Group'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 China New Higher Education Group Company Filings, last reported 6 months ago.

BST:8CN Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 1,823.75 1,566.58 584.45
2018-03-31 1,823.75 1,566.58 584.45
2017-12-31 1,724.86 352.26 134.27
2017-09-30 1,724.86 352.26 134.27
2017-06-30 1,702.36 588.22 633.34
2017-03-31 1,702.36 588.22 633.34
2016-12-31 942.52 578.63 194.75
2015-12-31 381.62 451.00 102.98
2014-12-31 381.06 417.80 309.17
  • China New Higher Education Group's level of debt (85.9%) compared to net worth is high (greater than 40%).
  • Unable to establish if China New Higher Education Group's debt level has increased without past 5-year debt data.
  • Debt is not well covered by operating cash flow (18.8%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.9x coverage).
X
Financial health checks
We assess China New Higher Education Group'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. China New Higher Education Group has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

Dividends

 What is China New Higher Education Group'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
1.8%
Current annual income from China New Higher Education Group dividends. Estimated to be 3.19% next year.
If you bought €2,000 of China New Higher Education Group shares you are expected to receive €36 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?
  • China New Higher Education Group's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.74%).
  • China New Higher Education Group's dividend is below the markets top 25% of dividend payers in Germany (4.14%).
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
BST:8CN 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 15 Analyst Estimates (S&P Global) See Below
Europe Consumer Services Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 2.4%
Germany Market Average Dividend Yield Market Cap Weighted Average of 329 Stocks 3.3%
Germany Minimum Threshold Dividend Yield 10th Percentile 1%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.1%

Industry and Market average data is calculated daily.

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

BST:8CN Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.13 1.00
2020-12-31 0.11 10.00
2019-12-31 0.08 13.00
2018-12-31 0.06 12.00
BST:8CN Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2018-09-27 0.054 1.464
2018-08-31 0.054 1.184
2018-04-11 0.050 0.885
2017-09-26 0.042 1.039
2017-08-31 0.042 1.299

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

  • It is too early to tell whether China New Higher Education Group has stable dividend payments.
  • China New Higher Education Group only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of China New Higher Education Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.5x coverage).
X
Income/ dividend checks
We assess China New Higher Education Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - 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 China New Higher Education Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. China New Higher Education Group 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 China New Higher Education Group'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
Shuai Zhao
COMPENSATION CN¥812,000
AGE 37
CEO Bio

Mr. Zhao Shuai serves as the Chief Executive Officer of China New Higher Education Group Limited and has been its Executive Director since August 19, 2016. Mr. Zhao is Co-Owner of Aspire Education Worldwide Limited. He joined the China New Higher Education Group in April 2004 and has more than 12 years of experience in education and is responsible for setting annual operational targets and day-to-day management. Mr. Zhao has been Senior President of Yun Ai Group since March 2016, where he is In charge of management and strategic development. Mr. Zhao served as General Manager of Administration Department at Yun Ai Group from April 2014 to April 2015, where hw was In charge of procurement, logistics and infrastructures. He served as Student Recruitment Director of Yunnan School from April 2004 to August 2008, where he was In charge of student recruitment. Mr. Zhao served as an Associate Dean of Yunnan School from September 2008 to March 2014, where he was In charge of student recruitment administrative and logistics matters. Mr. Zhao served as Executive Dean of Guizhou School from May 2015 to March 2016, where he was In charge of management and strategic development, staff recruitment and other administrative matters. Mr. Zhao obtained the qualification as Senior Economist in December 2013. He was awarded a Bachelor Degree in Mechanical Engineering Automation from Kunming University of Science and Technology, the PRC, in July 2004.

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

Average tenure and age of the China New Higher Education Group management team in years:

2.3
Average Tenure
44
Average Age
  • The tenure for the China New Higher Education Group management team is about average.
Management Team

Xiaoxuan Li

TITLE
Chairman
COMPENSATION
CN¥1M
AGE
43

Shuai Zhao

TITLE
Chief Executive Officer and Executive Director
COMPENSATION
CN¥812K
AGE
37

Yu Ding

TITLE
CFO & Executive Director
AGE
44
TENURE
0.6 yrs

Guoding Chen

TITLE
Chief Strategy Officer
AGE
48
TENURE
2.3 yrs

Xiaoshen Li

TITLE
Chief Executive Officer of California Academy
AGE
50
TENURE
2.3 yrs

Wai Ling Wong

TITLE
Company Secretary
AGE
38

Hongkang Qin

TITLE
Vice President
AGE
41
TENURE
2.3 yrs

Fengming Liu

TITLE
Vice President
AGE
47
TENURE
2.3 yrs

Yanli Zheng

TITLE
Vice President
AGE
46
TENURE
2.3 yrs
Board of Directors Tenure

Average tenure and age of the China New Higher Education Group board of directors in years:

2.3
Average Tenure
44
Average Age
  • The average tenure for the China New Higher Education Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Xiaoxuan Li

TITLE
Chairman
COMPENSATION
CN¥1M
AGE
43

Shuai Zhao

TITLE
Chief Executive Officer and Executive Director
COMPENSATION
CN¥812K
AGE
37
TENURE
2.3 yrs

Yu Ding

TITLE
CFO & Executive Director
AGE
44
TENURE
0.4 yrs

Francis Wong

TITLE
Independent Non-Executive Director
AGE
53
TENURE
2.9 yrs

Wilson Kwong

TITLE
Independent Non-Executive Director
AGE
52
TENURE
2.9 yrs

Shuo Chen

TITLE
Non-Executive Director
AGE
39
TENURE
2.3 yrs

Jianbo Hu

TITLE
Independent Non-Executive Director
AGE
54
TENURE
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 (€)
06. Mar 18 Buy Man Chung Wong Individual 02. Mar 18 02. Mar 18 207,000 €0.56 €116,801
X
Management checks
We assess China New Higher Education Group'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. China New Higher Education Group 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

External News
Loading...
Simply Wall St News

Company Info

Map
Description

China New Higher Education Group Limited, an investment holding company, provides higher education services in various fields of applied sciences in the People's Republic of China. The company operates education institutions under the Yunnan School, Guizhou School, Northeast School, Central China School, Xinjiang School, and Henan School names. It also offers technical and management consultancy services. The company was founded in 1999 and is headquartered in Beijing, the People's Republic of China.

Details
Name: China New Higher Education Group Limited
8CN
Exchange: BST
Founded: 1999
HK$546,000,641
1,431,100,000
Website: http://www.xingaojiao.com
Address: China New Higher Education Group Limited
Jinze Building East,
9th Floor,
Beijing,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 2001 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 19. Apr 2017
DB 8CN Ordinary Shares Deutsche Boerse AG DE EUR 19. Apr 2017
BST 8CN Ordinary Shares Boerse-Stuttgart DE EUR 19. Apr 2017
SHSC 2001 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 19. Apr 2017
SZSC 2001 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 19. Apr 2017
Number of employees
Current staff
Staff numbers
2,109
China New Higher Education Group employees.
Industry
Education Services
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/12/31 23:40
End of day share price update: 2018/10/05 00:00
Last estimates confirmation: 2018/12/17
Last earnings filing: 2018/09/27
Last earnings reported: 2018/06/30
Last annual earnings reported: 2017/12/31


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.