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Hailiang Education Group

BST:H0X
Snowflake Description

Flawless balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
H0X
BST
$1B
Market Cap
  1. Home
  2. DE
  3. Consumer Services
Company description

Hailiang Education Group Inc., through its subsidiaries, provides K-12 educational services in the People’s Republic of China. The last earnings update was 83 days ago. More info.


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  • Hailiang Education Group has significant price volatility in the past 3 months.
H0X Share Price and Events
7 Day Returns
1.1%
BST:H0X
1.5%
Europe Consumer Services
0.3%
DE Market
1 Year Returns
-26.7%
BST:H0X
-20.8%
Europe Consumer Services
-11.7%
DE Market
H0X Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Hailiang Education Group (H0X) 1.1% 11.8% 41.4% -26.7% - -
Europe Consumer Services 1.5% 1.5% 0.9% -20.8% -45.1% -49.9%
DE Market 0.3% -2.3% -1.1% -11.7% 12.2% 6.1%
1 Year Return vs Industry and Market
  • H0X underperformed the Consumer Services industry which returned -20.8% over the past year.
  • H0X underperformed the Market in Germany which returned -11.7% over the past year.
Price Volatility
H0X
Industry
5yr Volatility vs Market

H0X Value

 Is Hailiang 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 Hailiang 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 Hailiang Education Group.

BST:H0X 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 5.2%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BST:H0X
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Consumer Services Unlevered Beta Simply Wall St/ S&P Global 0.76
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.757 (1 + (1- 25%) (0%))
0.837
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.84
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.837 * 5.96%)
5.22%

Discounted Cash Flow Calculation for BST:H0X using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Hailiang Education Group 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.

BST:H0X DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 5.22%)
2019 269.43 Est @ 5.14% 256.07
2020 279.32 Est @ 3.67% 252.30
2021 286.68 Est @ 2.64% 246.11
2022 292.17 Est @ 1.91% 238.39
2023 296.29 Est @ 1.41% 229.75
2024 299.41 Est @ 1.05% 220.66
2025 301.83 Est @ 0.81% 211.41
2026 303.74 Est @ 0.63% 202.20
2027 305.29 Est @ 0.51% 193.16
2028 306.59 Est @ 0.43% 184.36
Present value of next 10 years cash flows CN¥2,234.41
BST:H0X DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CN¥306.59 × (1 + 0.23%) ÷ (5.22% – 0.23%)
CN¥6,158.27
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥6,158.27 ÷ (1 + 5.22%)10
CN¥3,703.09
BST:H0X Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥2,234.41 + CN¥3,703.09
CN¥5,937.49
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥5,937.49 / 25.78
CN¥275.65
BST:H0X Discount to Share Price
Calculation Result
Exchange Rate CNY/USD
(Reporting currency to currency of NasdaqGM:HLG)
0.144
Value per Share
(USD)
= Value per Share in CNY x Exchange Rate (CNY/USD)
= CN¥230.33 x 0.144
$33.26
Non-primary Listing Adjustment Factor 1 share in BST:H0X represents 0.8356x of NasdaqGM:HLG
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.8356x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 33.26 x 0.8356
€27.79
Value per share (EUR) From above. €27.79
Current discount Discount to share price of €48.47
= -1 x (€48.47 - €27.79) / €27.79
-74.4%

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

  • The current share price of Hailiang Education Group 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 Hailiang Education Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Hailiang Education Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:H0X PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥10.26
NasdaqGM:HLG Share Price ** NasdaqGM (2019-06-17) in USD $58
NasdaqGM:HLG Share Price converted to CNY reporting currency Exchange rate (USD/ CNY) 6.925 CN¥401.67
Europe Consumer Services Industry PE Ratio Median Figure of 10 Publicly-Listed Consumer Services Companies 18.34x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.7x

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

** Primary Listing of Hailiang Education Group.

BST:H0X PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGM:HLG Share Price ÷ EPS (both in CNY)

= 401.67 ÷ 10.26

39.13x

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

  • Hailiang Education Group is overvalued based on earnings compared to the Europe Consumer Services industry average.
  • Hailiang Education Group is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Hailiang Education Group's expected growth come at a high price?
Raw Data
BST:H0X PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 39.13x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
3.9%per year
Europe Consumer Services Industry PEG Ratio Median Figure of 7 Publicly-Listed Consumer Services Companies 1.24x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.47x

*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 Hailiang Education Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Hailiang Education Group's assets?
Raw Data
BST:H0X PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥56.76
NasdaqGM:HLG Share Price * NasdaqGM (2019-06-17) in USD $58
NasdaqGM:HLG Share Price converted to CNY reporting currency Exchange rate (USD/ CNY) 6.925 CN¥401.67
Europe Consumer Services Industry PB Ratio Median Figure of 18 Publicly-Listed Consumer Services Companies 1.85x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.76x
BST:H0X PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGM:HLG Share Price ÷ Book Value per Share (both in CNY)

= 401.67 ÷ 56.76

7.08x

* Primary Listing of Hailiang Education Group.

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

  • Hailiang Education Group is overvalued based on assets compared to the Europe Consumer Services industry average.
X
Value checks
We assess Hailiang 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. Hailiang Education Group has a total score of 0/6, 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.

H0X Future Performance

 How is Hailiang Education Group expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Hailiang Education Group, 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
3.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Hailiang Education Group expected to grow at an attractive rate?
  • Hailiang Education Group's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Hailiang Education Group's earnings growth is positive but not above the Germany market average.
  • Unable to compare Hailiang Education Group's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BST:H0X Future Growth Rates Data Sources
Data Point Source Value (per year)
BST:H0X Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 3.9%
Europe Consumer Services Industry Earnings Growth Rate Market Cap Weighted Average 13.7%
Europe Consumer Services Industry Revenue Growth Rate Market Cap Weighted Average 7.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*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:H0X Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 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.
BST:H0X Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 1,319 265
2018-09-30 1,244 244
2018-06-30 1,169 588 223
2018-03-31 1,079 208
2017-12-31 988 193
2017-09-30 921 180
2017-06-30 853 287 168
2017-03-31 785 156
2016-12-31 717 144
2016-09-30 738 168
2016-06-30 654 216 99
2016-03-31 625 99

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Hailiang Education Group's earnings are expected to grow by 3.9% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Hailiang Education Group 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
BST:H0X Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Hailiang Education Group Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:H0X Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 10.26
2018-09-30 9.46
2018-06-30 8.65
2018-03-31 8.07
2017-12-31 7.49
2017-09-30 7.01
2017-06-30 6.53
2017-03-31 6.06
2016-12-31 5.60
2016-09-30 6.52
2016-06-30 3.88
2016-03-31 3.86

*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 Hailiang Education Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Hailiang 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.
Hailiang Education Group has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

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

H0X Past Performance

  How has Hailiang 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 Hailiang 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.
  • Hailiang Education Group's year on year earnings growth rate has been positive over the past 5 years.
  • Hailiang Education Group's 1-year earnings growth exceeds its 5-year average (37.3% vs 17.2%)
  • Hailiang Education Group's earnings growth has exceeded the Europe Consumer Services industry average in the past year (37.3% vs -1.3%).
Earnings and Revenue History
Hailiang 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 Hailiang Education Group Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:H0X 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 1,319.39 264.58 90.45
2018-09-30 1,244.37 243.58 89.18
2018-06-30 1,169.35 222.59 87.91
2018-03-31 1,078.88 207.61 73.09
2017-12-31 988.41 192.64 60.99
2017-09-30 920.85 180.19 57.00
2017-06-30 853.30 167.74 50.29
2017-03-31 785.01 155.78 49.55
2016-12-31 716.72 143.82 58.27
2016-09-30 737.78 167.51 55.75
2016-06-30 654.06 99.43 52.91
2016-03-31 625.20 99.24 56.00
2015-12-31 596.34 99.05 57.24
2015-09-30 544.95 113.90 52.31
2015-06-30 514.79 140.99 48.87
2015-03-31 492.96 137.84 45.47
2014-12-31 471.14 134.69 42.06
2014-09-30 458.91 132.60 41.57
2014-06-30 462.75 140.67 44.26
2013-06-30 436.99 123.19 40.71
2012-06-30 349.60 83.03 41.05

*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.
  • Hailiang Education Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Hailiang Education Group used its assets more efficiently than the Europe Consumer Services industry average last year based on Return on Assets.
  • Hailiang Education Group has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Hailiang 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.
Hailiang Education Group has a total score of 5/6, see the detailed checks below.

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

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

H0X Health

 How is Hailiang 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 Hailiang Education Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Hailiang Education Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Hailiang Education Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Hailiang 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.
  • Hailiang Education Group has no debt, it does not need to be covered by short term assets.
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 Hailiang Education Group Company Filings, last reported 5 months ago.

BST:H0X Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,487.96 0.00 1,638.77
2018-09-30 1,487.96 0.00 1,638.77
2018-06-30 1,334.81 0.00 1,016.62
2018-03-31 1,334.81 0.00 1,016.62
2017-12-31 1,176.07 0.00 1,097.35
2017-09-30 1,176.07 0.00 1,097.35
2017-06-30 1,101.61 0.00 478.80
2017-03-31 1,101.61 0.00 478.80
2016-12-31 979.38 0.00 609.85
2016-09-30 979.38 0.00 609.85
2016-06-30 921.67 0.00 291.01
2016-03-31 921.67 0.00 291.01
2015-12-31 828.90 0.00 552.01
2015-09-30 775.32 0.00 780.39
2015-06-30 697.82 0.00 293.38
2015-03-31 697.82 0.00 293.38
2014-12-31 607.39 0.00 466.12
2014-09-30 542.33 0.00 833.40
2014-06-30 556.79 0.00 462.00
2013-06-30 416.12 0.00 26.40
2012-06-30
  • Hailiang Education Group has no debt.
  • Hailiang Education Group has not taken on any debt in the past 5 years.
  • Hailiang Education Group has no debt, it does not need to be covered by operating cash flow.
  • Hailiang Education Group has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Hailiang 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. Hailiang Education Group 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.

H0X Dividends

 What is Hailiang 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
0%
Current annual income from Hailiang Education Group dividends.
If you bought €2,000 of Hailiang Education Group shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Hailiang Education Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Hailiang Education Group's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BST:H0X 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
Europe Consumer Services Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 2.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3.2%
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 3.9%

Industry and Market average data is calculated daily.

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

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

  • Unable to perform a dividend volatility check as Hailiang Education Group has not reported any payouts.
  • Unable to verify if Hailiang Education Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Hailiang Education Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Hailiang Education Group has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Hailiang Education Group'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 Hailiang Education Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Hailiang Education Group has a total score of 0/6, see the detailed checks below.


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

H0X Management

 What is the CEO of Hailiang 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
Ming Wang
AGE 57
TENURE AS CEO 5.4 years
CEO Bio

Mr. Ming Wang has been the Chairman of the Board of Directors and Chief Executive Officer at Hailiang Education Group Inc. since 2014. Mr. Wang served as vice president of Zhejiang Hailiang Co., Ltd. (alternate name: Hailiang Group) since 2004. He served as the assistant to the president of Zhejiang Hailiang from 2001 to 2004. Prior to that, he was employed from 1982 to 2001 by Jiangxi Copper Co., Ltd. and a supervising manager in the Office of Chief Executive Officer. He serves as Non-Independent Director of Zhejiang Hailiang Co., Ltd. Mr. Wang served as Director of Sichuan Golden Summit (group) Joint-Stock Co., Ltd. He served as a director of Hailiang Consulting since 2011. Mr. Wang is a Senior Economist certified by Zhejiang provincial government. Mr. Wang received an MBA degree from the University of Management and Technology and an EMBA degree from Zhongnan University of Economics and Law.

CEO Compensation
  • Insufficient data for Ming to compare compensation growth.
  • Insufficient data for Ming to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Hailiang Education Group management team in years:

3.5
Average Tenure
52
Average Age
  • The tenure for the Hailiang Education Group management team is about average.
Management Team

Ming Wang

TITLE
Chairman & CEO
AGE
57
TENURE
5.4 yrs

Jian guo Yu

TITLE
Chief Financial Officer
AGE
45
TENURE
1.6 yrs

Cuiwei Ye

TITLE
Principal General & Director
AGE
59
TENURE
1.6 yrs

Litao Qiu

TITLE
Board Secretary
AGE
52
TENURE
1.8 yrs

Auto Yau

TITLE
Board Secretary

Jin Xie

TITLE
Vice Principal of Discipline & Strategic development
AGE
52

Honggang Xu

TITLE
Vice principal of Hailiang College of Education Research
AGE
59
TENURE
5.4 yrs

Jianjun Jiang

TITLE
Vice Principal of Teaching Admin of Middle School Basic Education Program & Enrollment Status Mgmt.
AGE
51
TENURE
5.4 yrs

Bailian Jin

TITLE
Vice Principal of Operation of All Schools in Hangzhou City & Overall Supervision
AGE
45
TENURE
3.8 yrs

Ping Huang

TITLE
Executive Vice Principal
AGE
47
TENURE
3.3 yrs
Board of Directors Tenure

Average tenure and age of the Hailiang Education Group board of directors in years:

4
Average Tenure
44
Average Age
  • The tenure for the Hailiang Education Group board of directors is about average.
Board of Directors

Ming Wang

TITLE
Chairman & CEO
AGE
57
TENURE
5.4 yrs

Cuiwei Ye

TITLE
Principal General & Director
AGE
59
TENURE
1.6 yrs

Ken He

TITLE
Independent Director
AGE
38
TENURE
4 yrs

Fred Gu

TITLE
Independent Director
AGE
44
TENURE
4 yrs

Xiaofeng Cheng

TITLE
Independent Director
AGE
41
TENURE
2.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Hailiang 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. Hailiang 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.

H0X News

Simply Wall St News

H0X Company Info

Description

Hailiang Education Group Inc., through its subsidiaries, provides K-12 educational services in the People’s Republic of China. The company operates six affiliated schools that include Hailiang Primary School, Hailiang Junior Middle School, Hailiang Senior Middle School, Hailiang High School of Art, Hailiang Experimental High School, and Hailiang Foreign Language School; and sixteen managed schools. It also offers management consulting, educational training and logistic, hotel management, sports activities consulting, school management, and purchasing and transportation services, as well as after-school enrichment program, overseas study trip, and international study programs. In addition, the company’s schools offer basic educational programs and international programs at the primary school, middle school, and high school levels, as well as courses designed for students to become admitted to programs, such as A-levels courses for the United Kingdom universities, SAT courses for the United States universities, and VCE courses for the Australia universities for students planning to apply to undergraduate programs in the United States, the United Kingdom, and Australia. As of June 30, 2018, it had 22,110 students enrolled in its schools. Hailiang Education Group Inc. was founded in 1995 and is based in Hangzhou, the People’s Republic of China.

Details
Name: Hailiang Education Group Inc.
H0X
Exchange: BST
Founded: 1995
$1,332,312,284
25,778,141
Website: http://www.hailiangedu.com
Address: Hailiang Education Group Inc.
1508 Binsheng Road,
Binjiang District,
Hangzhou,
Zhejiang Province, 310052,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGM HLG SPON ADR EACH REPR 16 ORD SHS Nasdaq Global Market US USD 07. Jul 2015
BST H0X SPON ADR EACH REPR 16 ORD SHS Boerse-Stuttgart DE EUR 07. Jul 2015
LSE 0A11 SPON ADR EACH REPR 16 ORD SHS London Stock Exchange GB USD 07. Jul 2015
Number of employees
Current staff
Staff numbers
4,129
Hailiang Education Group employees.
Industry
Education Services
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/17 22:26
End of day share price update: 2019/06/17 00:00
Last earnings filing: 2019/03/26
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


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.