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Jinmao (China) Hotel Investments and Management

DB:13J
Snowflake Description

Acceptable track record with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
13J
DB
HK$9B
Market Cap
  1. Home
  2. DE
  3. Consumer Services
Company description

Jinmao (China) Hotel Investments and Management Limited, an investment holding company, operates hotels in the People's Republic of China. The last earnings update was 64 days ago. More info.


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  • Jinmao (China) Hotel Investments and Management is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
13J Share Price and Events
7 Day Returns
-1.2%
DB:13J
-4.1%
DE Hospitality
0.7%
DE Market
1 Year Returns
0.1%
DB:13J
-52.5%
DE Hospitality
-8.7%
DE Market
13J Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Jinmao (China) Hotel Investments and Management (13J) -1.2% -3.8% 1.3% 0.1% 15% -
DE Hospitality -4.1% -11.5% -10.7% -52.5% -32.6% -26.2%
DE Market 0.7% -1.2% 0.2% -8.7% 10% 8.1%
1 Year Return vs Industry and Market
  • 13J outperformed the Hospitality industry which returned -52.5% over the past year.
  • 13J outperformed the Market in Germany which returned -8.7% over the past year.
Price Volatility
13J
Industry
5yr Volatility vs Market

13J Value

 Is Jinmao (China) Hotel Investments and Management 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 Jinmao (China) Hotel Investments and Management 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 Jinmao (China) Hotel Investments and Management.

DB:13J Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.5%
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:13J
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6.7%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.93
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.926 (1 + (1- 25%) (95.48%))
1.395
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.39
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.395 * 6.65%)
9.5%

Discounted Cash Flow Calculation for DB:13J using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Jinmao (China) Hotel Investments and Management 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:13J DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 9.5%)
2019 711.00 Analyst x1 649.30
2020 763.00 Analyst x1 636.32
2021 801.13 Est @ 5% 610.14
2022 829.70 Est @ 3.57% 577.06
2023 850.98 Est @ 2.56% 540.50
2024 866.84 Est @ 1.86% 502.79
2025 878.74 Est @ 1.37% 465.46
2026 887.79 Est @ 1.03% 429.45
2027 894.80 Est @ 0.79% 395.27
2028 900.35 Est @ 0.62% 363.21
Present value of next 10 years cash flows CN¥5,169.50
DB:13J DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CN¥900.35 × (1 + 0.23%) ÷ (9.5% – 0.23%)
CN¥9,729.65
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥9,729.65 ÷ (1 + 9.5%)10
CN¥3,925.06
DB:13J Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥5,169.50 + CN¥3,925.06
CN¥9,094.56
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥9,094.56 / 2,000.00
CN¥40.63
DB:13J Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:6139)
1.133
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥4.55 x 1.133
HK$5.15
Non-primary Listing Adjustment Factor 1 share in DB:13J represents 0.11191x of SEHK:6139
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.11191x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 5.15 x 0.11191
€0.58
Value per share (EUR) From above. €0.58
Current discount Discount to share price of €0.49
= -1 x (€0.49 - €0.58) / €0.58
14.6%

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

Current Discount
Amount off the current price Jinmao (China) Hotel Investments and Management is available for.
Intrinsic value
15%
Share price is €0.4924 vs Future cash flow value of €0.57681
Current Discount Checks
For Jinmao (China) Hotel Investments and Management to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Jinmao (China) Hotel Investments and Management's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Jinmao (China) Hotel Investments and Management'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 Jinmao (China) Hotel Investments and Management's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Jinmao (China) Hotel Investments and Management's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:13J PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥0.13
SEHK:6139 Share Price ** SEHK (2019-06-19) in HKD HK$4.4
SEHK:6139 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.882 CN¥3.88
Germany Hospitality Industry PE Ratio Median Figure of 10 Publicly-Listed Hospitality Companies 18.65x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.53x

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

** Primary Listing of Jinmao (China) Hotel Investments and Management.

DB:13J PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:6139 Share Price ÷ EPS (both in CNY)

= 3.88 ÷ 0.13

31x

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

  • Jinmao (China) Hotel Investments and Management is overvalued based on earnings compared to the DE Hospitality industry average.
  • Jinmao (China) Hotel Investments and Management is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Jinmao (China) Hotel Investments and Management's expected growth come at a high price?
Raw Data
DB:13J PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 31x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
24.5%per year
Germany Hospitality Industry PEG Ratio Median Figure of 5 Publicly-Listed Hospitality Companies 1.29x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.49x

*Line of best fit is calculated by linear regression .

DB:13J PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 31x ÷ 24.5%

1.27x

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

  • Jinmao (China) Hotel Investments and Management is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Jinmao (China) Hotel Investments and Management's assets?
Raw Data
DB:13J PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥2.91
SEHK:6139 Share Price * SEHK (2019-06-19) in HKD HK$4.4
SEHK:6139 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.882 CN¥3.88
Germany Hospitality Industry PB Ratio Median Figure of 13 Publicly-Listed Hospitality Companies 2.03x
Germany Market PB Ratio Median Figure of 575 Publicly-Listed Companies 1.78x
DB:13J PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:6139 Share Price ÷ Book Value per Share (both in CNY)

= 3.88 ÷ 2.91

1.33x

* Primary Listing of Jinmao (China) Hotel Investments and Management.

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

  • Jinmao (China) Hotel Investments and Management is good value based on assets compared to the DE Hospitality industry average.
X
Value checks
We assess Jinmao (China) Hotel Investments and Management'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 Hospitality 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 Hospitality industry average (and greater than 0)? (1 check)
  5. Jinmao (China) Hotel Investments and Management has a total score of 1/6, 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.

13J Future Performance

 How is Jinmao (China) Hotel Investments and Management expected to perform in the next 1 to 3 years based on estimates from 3 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
24.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Jinmao (China) Hotel Investments and Management expected to grow at an attractive rate?
  • Jinmao (China) Hotel Investments and Management's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Jinmao (China) Hotel Investments and Management's earnings growth is expected to exceed the Germany market average.
  • Jinmao (China) Hotel Investments and Management's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:13J Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:13J Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 24.5%
DB:13J Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 4.1%
Germany Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 21.9%
Germany Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.1%

*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:13J Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:13J Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 2,885 607 2
2020-12-31 2,860 600 453 3
2019-12-31 2,746 551 436 3
DB:13J Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 2,565 698 250
2018-09-30 2,591 1,314 211
2018-06-30 2,618 1,929 172
2018-03-31 2,607 1,410 196
2017-12-31 2,595 891 220
2017-09-30 2,560 202 315
2017-06-30 2,524 -488 411
2017-03-31 2,487 378 393
2016-12-31 2,451 1,244 375
2016-09-30 2,410 1,365 419
2016-06-30 2,315 1,475 456
2016-03-31 2,371 1,196 449

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Jinmao (China) Hotel Investments and Management's earnings are expected to grow significantly at over 20% yearly.
  • Jinmao (China) Hotel Investments and Management's revenue is expected to grow by 4.1% yearly, however this is not considered high growth (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
DB:13J 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 3 Analyst Estimates (S&P Global) See Below

All data from Jinmao (China) Hotel Investments and Management Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:13J Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.15 0.15 0.15 1.00
2020-12-31 0.15 0.16 0.14 2.00
2019-12-31 0.14 0.14 0.13 2.00
DB:13J Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 0.13
2018-09-30 0.11
2018-06-30 0.09
2018-03-31 0.10
2017-12-31 0.11
2017-09-30 0.16
2017-06-30 0.21
2017-03-31 0.20
2016-12-31 0.19
2016-09-30 0.21
2016-06-30 0.23
2016-03-31 0.22

*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.
  • Jinmao (China) Hotel Investments and Management is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Jinmao (China) Hotel Investments and Management's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Jinmao (China) Hotel Investments and Management has a total score of 3/6, 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.

13J Past Performance

  How has Jinmao (China) Hotel Investments and Management 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 Jinmao (China) Hotel Investments and Management's growth in the last year to its industry (Hospitality).
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.
  • Jinmao (China) Hotel Investments and Management's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Jinmao (China) Hotel Investments and Management's 1-year earnings growth exceeds its 5-year average (13.9% vs -33.9%)
  • Jinmao (China) Hotel Investments and Management's earnings growth has exceeded the DE Hospitality industry average in the past year (13.9% vs -2.6%).
Earnings and Revenue History
Jinmao (China) Hotel Investments and Management'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 Jinmao (China) Hotel Investments and Management Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:13J 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 2,564.94 250.42 828.48
2018-09-30 2,591.32 211.29 850.52
2018-06-30 2,617.70 172.17 872.56
2018-03-31 2,606.57 196.05 883.93
2017-12-31 2,595.45 219.94 895.31
2017-09-30 2,559.69 315.46 883.01
2017-06-30 2,523.94 410.99 870.70
2017-03-31 2,487.34 392.81 859.10
2016-12-31 2,450.75 374.63 847.49
2016-09-30 2,410.26 419.39 832.61
2016-06-30 2,314.64 455.95 800.50
2016-03-31 2,371.07 448.80 799.12
2015-12-31 2,390.26 436.10 786.12
2015-09-30 2,413.05 269.49 869.80
2015-06-30 2,327.39 91.59 914.02
2015-03-31 2,267.33 408.45 922.17
2014-12-31 2,208.42 725.52 930.79
2014-09-30 2,148.71 1,063.23 802.75
2014-06-30 2,146.43 1,430.52 695.83
2014-03-31 2,127.55 1,120.53 647.97
2013-12-31 2,056.71 791.24 585.43
2012-12-31 2,130.44 513.50 558.10

*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.
  • Jinmao (China) Hotel Investments and Management has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Jinmao (China) Hotel Investments and Management used its assets less efficiently than the DE Hospitality industry average last year based on Return on Assets.
  • Jinmao (China) Hotel Investments and Management has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Jinmao (China) Hotel Investments and Management'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 Hospitality 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.
Jinmao (China) Hotel Investments and Management 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.

13J Health

 How is Jinmao (China) Hotel Investments and Management'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 Jinmao (China) Hotel Investments and Management's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Jinmao (China) Hotel Investments and Management's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Jinmao (China) Hotel Investments and Management's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Jinmao (China) Hotel Investments and Management'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 0.1x 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 Jinmao (China) Hotel Investments and Management Company Filings, last reported 5 months ago.

DB:13J Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 5,829.83 7,412.77 767.15
2018-09-30 5,829.83 7,412.77 767.15
2018-06-30 6,365.02 7,381.47 772.28
2018-03-31 6,365.02 7,381.47 772.28
2017-12-31 6,478.38 7,288.63 928.35
2017-09-30 6,478.38 7,288.63 928.35
2017-06-30 6,648.58 8,141.40 899.58
2017-03-31 6,648.58 8,141.40 899.58
2016-12-31 6,535.46 6,922.15 818.50
2016-09-30 6,535.46 6,922.15 818.50
2016-06-30 6,880.47 6,696.27 676.68
2016-03-31 6,681.88 6,502.99 657.15
2015-12-31 6,977.59 6,951.82 680.80
2015-09-30 6,831.04 6,805.96 666.52
2015-06-30 7,284.54 6,772.76 593.85
2015-03-31 7,282.73 6,771.08 593.70
2014-12-31 7,283.76 6,656.19 918.41
2014-09-30 7,198.94 6,578.68 907.72
2014-06-30 9,903.41 4,288.01 390.19
2014-03-31 9,892.13 4,283.13 389.74
2013-12-31 9,315.28 4,347.81 955.03
2012-12-31 8,198.88 5,027.47 1,103.67
  • Jinmao (China) Hotel Investments and Management's level of debt (127.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (46.6% vs 127.2% today).
  • Debt is not well covered by operating cash flow (9.4%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.1x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Jinmao (China) Hotel Investments and Management'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. Jinmao (China) Hotel Investments and Management has a total score of 0/6, 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.

13J Dividends

 What is Jinmao (China) Hotel Investments and Management'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
7.39%
Current annual income from Jinmao (China) Hotel Investments and Management dividends. Estimated to be 8.38% next year.
If you bought €2,000 of Jinmao (China) Hotel Investments and Management shares you are expected to receive €148 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?
  • Jinmao (China) Hotel Investments and Management's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.45%).
  • Jinmao (China) Hotel Investments and Management's dividend is above the markets top 25% of dividend payers in Germany (3.91%).
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:13J 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 3 Analyst Estimates (S&P Global) See Below
Germany Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 8.2%
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 1.5%
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.

DB:13J Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.31 2.00
2020-12-31 0.34 3.00
2019-12-31 0.32 3.00
DB:13J Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-04-30 0.287 7.371
2018-09-18 0.306 8.196
2018-03-26 0.280 7.499
2017-09-18 0.286 7.216
2017-03-27 0.269 7.504
2016-09-20 0.335 9.701
2016-03-21 0.331 9.287
2015-08-24 0.382 10.647
2015-03-25 0.092 2.221

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

  • Jinmao (China) Hotel Investments and Management 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 Jinmao (China) Hotel Investments and Management only paid a dividend in the past 4 years.
Current Payout to shareholders
What portion of Jinmao (China) Hotel Investments and Management's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (0.5x coverage).
X
Income/ dividend checks
We assess Jinmao (China) Hotel Investments and Management'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 Jinmao (China) Hotel Investments and Management afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Jinmao (China) Hotel Investments and Management has a total score of 2/6, see the detailed checks below.


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

13J Management

 What is the CEO of Jinmao (China) Hotel Investments and Management'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
Yong Tang
COMPENSATION CN¥2,661,000
AGE 49
TENURE AS CEO 1.7 years
CEO Bio

Mr. Yong Tang has been the Chief Executive Officer and Executive Director of Jinmao (China) Hotel Investments and Management Limited since October 19, 2017 and served as its Deputy General Manager from January 20, 2018 to October 18, 2017. Mr. Tang served as an Assistant General Manager at Jinmao (China) Investments Holdings Limited and China Jin Mao Group Co., Ltd. Mr. Tang joined China Jin Mao (Group) in May 2000 and has held a number of positions in its subsidiaries including assistant to the General Manager and Deputy General Manager of the Human Resources Division, Director of the Administration and Human Resources Division of Shanghai Property Management, Deputy General Manager and General Manager of the Technical Support Division of Shanghai Property Management. From 1991 to 2000 before joining China Jin Mao (Group), Mr. TANG has worked at Shanghai Crane & Conveyor Works Co., Ltd. He has approximately 24 years of experience in corporate governance and human resources management. Mr. TANG is also a director of Shanghai Property Management and Shanghai Jin Mao Jin Jiang Automobile Service Company Limited. He is the holder of the title of political engineer and the Human Resources Management Practitioner Qualification Certificate. Mr. TANG graduated from Shanghai University in July 1991 with a Bachelor’s Degree in history.

CEO Compensation
  • Yong's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.
  • Yong's remuneration is lower than average for companies of similar size in Germany.
Management Team

Yong Tang

TITLE
CEO & Executive Director
COMPENSATION
CN¥3M
AGE
49
TENURE
1.7 yrs

Runhong Zhang

TITLE
Head of Finance
AGE
40

Wendy Ho

TITLE
Company Secretary
AGE
48
Board of Directors Tenure

Average tenure and age of the Jinmao (China) Hotel Investments and Management board of directors in years:

5.3
Average Tenure
49
Average Age
  • The tenure for the Jinmao (China) Hotel Investments and Management board of directors is about average.
Board of Directors

Congrui Li

TITLE
Chairman of the Board
AGE
47
TENURE
3.2 yrs

Yong Tang

TITLE
CEO & Executive Director
COMPENSATION
CN¥3M
AGE
49
TENURE
1.7 yrs

Jieping Chen

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥169K
AGE
65
TENURE
5.3 yrs

Timpson Chung

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥169K
AGE
67
TENURE
5.3 yrs

Nan Jiang

TITLE
Non-Executive Director
AGE
45
TENURE
5.3 yrs

Hui Zhang

TITLE
Non-Executive Director
AGE
48
TENURE
5.3 yrs

Tao Xin

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥169K
AGE
62
TENURE
4 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 Jinmao (China) Hotel Investments and Management'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. Jinmao (China) Hotel Investments and Management 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.

13J News

Simply Wall St News

13J Company Info

Description

Jinmao (China) Hotel Investments and Management Limited, an investment holding company, operates hotels in the People's Republic of China. The company operates in three segments: Property Leasing, Hotel Operations, and Others. It invests in and owns various hotels located in Shanghai, Beijing, Sanya, and other regions. The company also leases office and commercial premises; operates the observation deck in Jin Mao Tower; and provides property management, and hotel accommodation services. Its property portfolio comprises eight hotels, as well as Jin Mao Tower, a mixed-use development. The company was formerly known as Jinmao (China) Investments Holdings Limited and changed its name to Jinmao (China) Hotel Investments and Management Limited in June 2016. Jinmao (China) Hotel Investments and Management Limited was founded in 1993 and is headquartered in Wanchai, Hong Kong. Jinmao (China) Hotel Investments and Management Limited is a subsidiary of China Jinmao Holdings Group Limited.

Details
Name: Jinmao (China) Hotel Investments and Management Limited
13J
Exchange: DB
Founded: 1993
HK$1,002,821,121
2,000,000,000
Website: http://www.jinmao88.com
Address: Jinmao (China) Hotel Investments and Management Limited
Office Tower, Convention Plaza,
Rooms 4702-03,
Wanchai,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 6139 Stapled Units The Stock Exchange of Hong Kong Ltd. HK HKD 02. Jul 2014
DB 13J Stapled Units Deutsche Boerse AG DE EUR 02. Jul 2014
Number of employees
Current staff
Staff numbers
3,414
Jinmao (China) Hotel Investments and Management employees.
Industry
Hotels, Resorts and Cruise Lines
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/19 22:06
End of day share price update: 2019/06/19 00:00
Last estimates confirmation: 2019/03/25
Last earnings filing: 2019/04/16
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.