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China Maple Leaf Educational Systems

DB:CML1
Snowflake Description

Flawless balance sheet and undervalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CML1
DB
HK$9B
Market Cap
  1. Home
  2. DE
  3. Consumer Services
Company description

China Maple Leaf Educational Systems Limited, together with its subsidiaries, operates bilingual private schools and preschools in the People’s Republic of China and Canada. The last earnings update was 24 days ago. More info.


Add to Portfolio Compare Print
  • China Maple Leaf Educational Systems has significant price volatility in the past 3 months.
CML1 Share Price and Events
7 Day Returns
4.1%
DB:CML1
1.5%
Europe Consumer Services
-3.6%
DE Market
1 Year Returns
-58.1%
DB:CML1
-20.8%
Europe Consumer Services
-11.8%
DE Market
CML1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
China Maple Leaf Educational Systems (CML1) 4.1% -5% -17.7% -58.1% -12% -
Europe Consumer Services 1.5% 2.3% 0.9% -20.8% -45.1% -50%
DE Market -3.6% -2.1% -0.8% -11.8% 12% 5.8%
1 Year Return vs Industry and Market
  • CML1 underperformed the Consumer Services industry which returned -20.8% over the past year.
  • CML1 underperformed the Market in Germany which returned -11.8% over the past year.
Price Volatility
CML1
Industry
5yr Volatility vs Market

CML1 Value

 Is China Maple Leaf Educational Systems 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 Maple Leaf Educational Systems 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 Maple Leaf Educational Systems.

DB:CML1 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 18 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.3%
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:CML1
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%) (3.96%))
0.852
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.85
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.852 * 5.96%)
5.31%

Discounted Cash Flow Calculation for DB:CML1 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for China Maple Leaf Educational Systems 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:CML1 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 5.31%)
2019 716.20 Analyst x6 680.10
2020 854.49 Analyst x7 770.52
2021 1,019.15 Analyst x6 872.69
2022 1,060.70 Analyst x1 862.49
2023 1,095.60 Analyst x1 845.97
2024 1,121.19 Est @ 2.34% 822.09
2025 1,140.29 Est @ 1.7% 793.96
2026 1,154.67 Est @ 1.26% 763.45
2027 1,165.65 Est @ 0.95% 731.86
2028 1,174.21 Est @ 0.73% 700.08
Present value of next 10 years cash flows CN¥7,843.19
DB:CML1 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CN¥1,174.21 × (1 + 0.23%) ÷ (5.31% – 0.23%)
CN¥23,168.61
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥23,168.61 ÷ (1 + 5.31%)10
CN¥13,813.42
DB:CML1 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥7,843.19 + CN¥13,813.42
CN¥21,656.61
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥21,656.61 / 2,995.32
CN¥67.92
DB:CML1 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:1317)
1.13
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥7.23 x 1.13
HK$8.17
Non-primary Listing Adjustment Factor 1 share in DB:CML1 represents 0.10645x of SEHK:1317
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.10645x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 8.17 x 0.10645
€0.87
Value per share (EUR) From above. €0.87
Current discount Discount to share price of €0.33
= -1 x (€0.33 - €0.87) / €0.87
62.4%

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

Current Discount
Amount off the current price China Maple Leaf Educational Systems is available for.
Intrinsic value
>50%
Share price is €0.3268 vs Future cash flow value of €0.86983
Current Discount Checks
For China Maple Leaf Educational Systems to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • China Maple Leaf Educational Systems's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • China Maple Leaf Educational Systems's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for China Maple Leaf Educational Systems's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are China Maple Leaf Educational Systems's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:CML1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-02-28) in CNY CN¥0.20
SEHK:1317 Share Price ** SEHK (2019-06-14) in HKD HK$3.07
SEHK:1317 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.885 CN¥2.72
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 China Maple Leaf Educational Systems.

DB:CML1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1317 Share Price ÷ EPS (both in CNY)

= 2.72 ÷ 0.20

13.55x

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

  • China Maple Leaf Educational Systems is good value based on earnings compared to the Europe Consumer Services industry average.
  • China Maple Leaf Educational Systems is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does China Maple Leaf Educational Systems's expected growth come at a high price?
Raw Data
DB:CML1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.55x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 18 Analysts
18.8%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 .

DB:CML1 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.55x ÷ 18.8%

0.72x

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

  • China Maple Leaf Educational Systems is good value based on expected growth next year.
Price based on value of assets
What value do investors place on China Maple Leaf Educational Systems's assets?
Raw Data
DB:CML1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-02-28) in CNY CN¥1.30
SEHK:1317 Share Price * SEHK (2019-06-14) in HKD HK$3.07
SEHK:1317 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.885 CN¥2.72
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
DB:CML1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1317 Share Price ÷ Book Value per Share (both in CNY)

= 2.72 ÷ 1.30

2.09x

* Primary Listing of China Maple Leaf Educational Systems.

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

  • China Maple Leaf Educational Systems is overvalued based on assets compared to the Europe Consumer Services industry average.
X
Value checks
We assess China Maple Leaf Educational Systems'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 Maple Leaf Educational Systems has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

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

CML1 Future Performance

 How is China Maple Leaf Educational Systems expected to perform in the next 1 to 3 years based on estimates from 18 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
18.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is China Maple Leaf Educational Systems expected to grow at an attractive rate?
  • China Maple Leaf Educational Systems's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • China Maple Leaf Educational Systems's earnings growth is expected to exceed the Germany market average.
  • China Maple Leaf Educational Systems's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:CML1 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:CML1 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 18 Analysts 18.8%
DB:CML1 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 18 Analysts 16.4%
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
DB:CML1 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 18 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:CML1 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-08-31
2022-08-31 2,250 1
2021-08-31 2,307 1,355 908 13
2020-08-31 1,997 1,191 759 18
2019-08-31 1,631 1,152 631 16
DB:CML1 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-02-28 1,454 751 591
2018-11-30 1,398 751 567
2018-08-31 1,341 750 543
2018-05-31 1,287 690 505
2018-02-28 1,232 629 466
2017-11-30 1,157 664 438
2017-08-31 1,083 699 410
2017-05-31 1,008 596 387
2017-02-28 933 494 363
2016-11-30 881 513 335
2016-08-31 830 533 308
2016-05-31 781 478 291

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • China Maple Leaf Educational Systems's earnings are expected to grow by 18.8% yearly, however this is not considered high growth (20% yearly).
  • China Maple Leaf Educational Systems's revenue is expected to grow by 16.4% 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:CML1 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 18 Analyst Estimates (S&P Global) See Below

All data from China Maple Leaf Educational Systems Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:CML1 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-08-31
2022-08-31
2021-08-31 0.32 0.37 0.27 10.00
2020-08-31 0.26 0.28 0.23 13.00
2019-08-31 0.22 0.23 0.19 13.00
DB:CML1 Past Financials Data
Date (Data in CNY Millions) EPS *
2019-02-28 0.20
2018-11-30 0.20
2018-08-31 0.19
2018-05-31 0.18
2018-02-28 0.17
2017-11-30 0.16
2017-08-31 0.15
2017-05-31 0.14
2017-02-28 0.14
2016-11-30 0.13
2016-08-31 0.12
2016-05-31 0.11

*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 Maple Leaf Educational Systems is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess China Maple Leaf Educational Systems'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 Maple Leaf Educational Systems 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.

CML1 Past Performance

  How has China Maple Leaf Educational Systems 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 Maple Leaf Educational Systems'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 Maple Leaf Educational Systems has delivered over 20% year on year earnings growth in the past 5 years.
  • China Maple Leaf Educational Systems's 1-year earnings growth is less than its 5-year average (26.7% vs 38.8%)
  • China Maple Leaf Educational Systems's earnings growth has exceeded the Europe Consumer Services industry average in the past year (26.7% vs -1.3%).
Earnings and Revenue History
China Maple Leaf Educational Systems'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 Maple Leaf Educational Systems Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:CML1 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-02-28 1,453.83 590.61 168.52
2018-11-30 1,397.55 566.72 153.60
2018-08-31 1,341.27 542.83 138.67
2018-05-31 1,286.51 504.57 151.36
2018-02-28 1,231.75 466.31 164.06
2017-11-30 1,157.47 438.39 162.68
2017-08-31 1,083.18 410.48 161.30
2017-05-31 1,007.98 386.85 156.06
2017-02-28 932.78 363.23 150.83
2016-11-30 881.27 335.40 140.69
2016-08-31 829.77 307.56 130.54
2016-05-31 781.49 290.86 129.84
2016-02-29 733.21 274.15 129.13
2015-11-30 693.10 239.85 123.82
2015-08-31 652.98 205.55 118.51
2015-05-31 651.22 133.27 109.44
2015-02-28 597.37 34.65 100.86
2014-11-30 568.82 37.34 94.27
2014-08-31 540.27 40.04 87.68
2014-05-31 511.30 48.69 83.88
2014-02-28 504.30 98.67 80.82
2013-11-30 487.76 65.93 78.91
2013-08-31 471.22 33.18 77.00
2012-08-31 413.46 93.97 62.34

*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 Maple Leaf Educational Systems has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • China Maple Leaf Educational Systems used its assets more efficiently than the Europe Consumer Services industry average last year based on Return on Assets.
  • China Maple Leaf Educational Systems's use of capital has not improved over the past 3 years (Return on Capital Employed).
X
Past performance checks
We assess China Maple Leaf Educational Systems'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 Maple Leaf Educational Systems 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.

CML1 Health

 How is China Maple Leaf Educational Systems'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 Maple Leaf Educational Systems's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • China Maple Leaf Educational Systems is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • China Maple Leaf Educational Systems's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of China Maple Leaf Educational Systems's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 6.5x 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 Maple Leaf Educational Systems Company Filings, last reported 3 months ago.

DB:CML1 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-02-28 3,864.25 322.37 1,773.02
2018-11-30 3,864.25 322.37 1,773.02
2018-08-31 3,691.83 431.34 2,583.46
2018-05-31 3,691.83 431.34 2,583.46
2018-02-28 3,421.24 411.84 1,779.98
2017-11-30 3,421.24 411.84 1,779.98
2017-08-31 2,501.52 424.15 1,649.30
2017-05-31 2,501.52 424.15 1,649.30
2017-02-28 2,136.46 433.55 1,027.27
2016-11-30 2,136.46 433.55 1,027.27
2016-08-31 2,021.49 0.00 1,237.90
2016-05-31 2,021.49 0.00 1,237.90
2016-02-29 1,865.79 0.00 823.72
2015-11-30 1,865.79 0.00 823.72
2015-08-31 1,812.29 0.00 1,122.14
2015-05-31 1,812.29 0.00 1,122.14
2015-02-28 1,731.47 0.00 809.53
2014-11-30 1,731.47 0.00 809.53
2014-08-31 467.23 703.56 542.07
2014-05-31 456.09 668.61 179.09
2014-02-28 479.54 652.51 192.88
2013-11-30 479.54 652.51 192.88
2013-08-31 417.64 669.91 409.30
2012-08-31 384.23 501.51 297.04
  • China Maple Leaf Educational Systems's level of debt (8.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (136.2% vs 8.3% today).
  • Debt is well covered by operating cash flow (233%, greater than 20% of total debt).
  • China Maple Leaf Educational Systems earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess China Maple Leaf Educational Systems'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 Maple Leaf Educational Systems 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.

CML1 Dividends

 What is China Maple Leaf Educational Systems'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
3.09%
Current annual income from China Maple Leaf Educational Systems dividends. Estimated to be 3.89% next year.
If you bought €2,000 of China Maple Leaf Educational Systems shares you are expected to receive €62 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 Maple Leaf Educational Systems's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.44%).
  • China Maple Leaf Educational Systems's dividend is below 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:CML1 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 18 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.

DB:CML1 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2023-08-31
2022-08-31
2021-08-31 0.13 10.00
2020-08-31 0.11 15.00
2019-08-31 0.09 14.00
DB:CML1 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-04-26 0.084 3.085
2019-01-23 0.077 2.370
2018-12-17 0.078 2.699
2018-11-27 0.078 2.601
2018-04-27 0.067 1.727
2017-12-15 0.072 1.797
2017-11-27 0.072 2.042
2017-04-25 0.049 1.631
2016-12-19 0.044 1.878
2016-11-29 0.044 1.982
2015-12-18 0.036 1.636
2015-11-27 0.035 2.635
2015-05-19 0.020 2.033
2015-04-28 0.020 1.851

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

  • Whilst dividend payments have been stable, China Maple Leaf Educational Systems has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but China Maple Leaf Educational Systems only paid a dividend in the past 4 years.
Current Payout to shareholders
What portion of China Maple Leaf Educational Systems's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.5x coverage).
X
Income/ dividend checks
We assess China Maple Leaf Educational Systems'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 China Maple Leaf Educational Systems afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. China Maple Leaf Educational Systems 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.

CML1 Management

 What is the CEO of China Maple Leaf Educational Systems'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
Sherman Jen
COMPENSATION CN¥3,612,000
AGE 64
TENURE AS CEO 2.8 years
CEO Bio

Mr. Shu Liang Jen, also known as Sherman, has been the President of China Operations at China Maple Leaf Educational Systems Limited since September 1, 2016 and has been its Chairman since 2007. Mr. Jen is the Founder and has served as the Chief Executive Officer of China Maple Leaf Educational Systems Limited since August 15, 2016, and served as its Co-Chief Executive Officer from March 2014 to August 15, 2016. Mr. Jen has more than 23 years of experience in the education industry. He is primarily responsible for the overall business and strategy of China Maple Leaf Educational Systems Limited, including the introduction of the dual diploma school model. He previously served as the Chief Executive Officer of China Maple Leaf Educational Systems Limited since 2007. Mr. Jen is also the President of Dalian Maple Leaf International School, a subsidiary of the Company, since 1995. Mr. Jen has been the Chairman of Dalian Maple Leaf Educational Group Co., Ltd. since 2003. He approached British Columbia's Ministry of Education regarding the possibility of inspecting and certifying his school in Dalian, China. He is the Founder of China Maple Leaf Educational Systems Limited and has been its Chairman since 2007. He has been an Executive Director of China Maple Leaf Educational Systems Limited since November 28, 2014 and served as its Director since June 2007. He has been a Director of Maple Leaf Educational Systems Limited since 1992, Tech Global Investment Limited since 2007, Maple Leaf Education Asia Pacific Limited (formerly known as Hong Kong Maple Leaf Educational Systems Limited) since 2009 and Dalian Beipeng Educational Software Development Inc. since 2011. In October 2014, he received the Chinese Government Friendship Award from the PRC Premier Mr. Li Keqiang and two Vice Premiers, which is the highest honor awarded by the Chinese government to foreign experts for their outstanding contributions to the modernized development of the PRC. In 2004, he was selected as one of the most influential figures in the private education industry in China by sohu.com. In 2005, he received the Outstanding Chinese Entrepreneur Award from the Overseas Chinese Affairs Office of the State Council of the PRC. In 2011, he was honored as one of the “Top Ten Figures of our Time” by a group of media organizations and industry associations. In 2013, he received the Governor General’s Medallion from Mr. David Johnston, Governor General of Canada, for his contributions to international education. Mr. Jen received his Bachelor of Arts degree in English Language and Arts from Beijing Foreign Languages University, PRC in May 1978, his Master of Business Administration by distance learning from the University of Wales, New Port, United Kingdom in September 2005 and an Honorary Doctor of Laws degree (Hon. LL.D) from Royal Roads University in British Columbia (“BC”), Canada in June 2013.

CEO Compensation
  • Sherman's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Sherman's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the China Maple Leaf Educational Systems management team in years:

3.8
Average Tenure
64
Average Age
  • The tenure for the China Maple Leaf Educational Systems management team is about average.
Management Team

Sherman Jen

TITLE
Founder
COMPENSATION
CN¥4M
AGE
64
TENURE
2.8 yrs

Jingxia Zhang

TITLE
Senior VP
COMPENSATION
CN¥2M
AGE
61
TENURE
4 yrs

James William Beeke

TITLE
VP, Superintendent of Global Education & Executive Director
COMPENSATION
CN¥1M
AGE
68

Karl Dick

TITLE
Principal

Brad Helgason

TITLE
Principal

Graham Setters

TITLE
Principal

Nigel Austen

TITLE
Principal
TENURE
3.8 yrs

Mark Wuerch

TITLE
Principal
TENURE
3.8 yrs

Dave Brecht

TITLE
Principal
TENURE
3.8 yrs

Ryan Waurynchuk

TITLE
Principal
Board of Directors Tenure

Average tenure and age of the China Maple Leaf Educational Systems board of directors in years:

5
Average Tenure
64
Average Age
  • The tenure for the China Maple Leaf Educational Systems board of directors is about average.
Board of Directors

Sherman Jen

TITLE
Founder
COMPENSATION
CN¥4M
AGE
64
TENURE
12.4 yrs

Howard Balloch

TITLE
Vice Chairman
COMPENSATION
CN¥840K
AGE
66
TENURE
2.4 yrs

Jingxia Zhang

TITLE
Senior VP
COMPENSATION
CN¥2M
AGE
61
TENURE
11.3 yrs

James William Beeke

TITLE
VP, Superintendent of Global Education & Executive Director
COMPENSATION
CN¥1M
AGE
68
TENURE
5.2 yrs

Peter Humphrey Owen

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥695K
AGE
71
TENURE
5 yrs

Arthur Wong

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥709K
AGE
58
TENURE
5 yrs

Xiaodan Mei

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥598K
AGE
54
TENURE
1.8 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by China Maple Leaf Educational Systems insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
10. Jun 19 Buy Shu Liang Jen Individual 06. Jun 19 06. Jun 19 1,700,000 €0.33 €565,698
06. Jun 19 Buy Shu Liang Jen Individual 05. Jun 19 05. Jun 19 1,696,000 €0.34 €576,287
05. Jun 19 Buy Shu Liang Jen Individual 04. Jun 19 04. Jun 19 2,500,000 €0.34 €849,090
29. May 19 Buy Lap Tat Wong Individual 28. May 19 28. May 19 100,000 €0.36 €35,794
29. May 19 Buy Lap Tat Wong Individual 29. May 19 29. May 19 100,000 €0.35 €35,261
16. May 19 Buy Shu Liang Jen Individual 14. May 19 14. May 19 1,000,000 €0.36 €357,669
16. May 19 Buy Shu Liang Jen Individual 10. May 19 10. May 19 4,630,000 €0.36 €1,674,782
07. May 19 Buy Shu Liang Jen Individual 06. May 19 06. May 19 1,500,000 €0.38 €565,028
03. May 19 Buy Shu Liang Jen Individual 02. May 19 02. May 19 2,000,000 €0.41 €819,945
03. May 19 Buy Shu Liang Jen Individual 29. Apr 19 29. Apr 19 2,000,000 €0.44 €884,242
03. May 19 Buy Shu Liang Jen Individual 30. Apr 19 30. Apr 19 1,026,000 €0.42 €427,631
28. Jan 19 Buy Shu Liang Jen Individual 24. Jan 19 24. Jan 19 1,000,000 €0.37 €371,887
20. Dec 18 Buy Shu Liang Jen Individual 17. Dec 18 17. Dec 18 1,850,000 €0.36 €666,933
28. Sep 18 Buy Shu Liang Jen Individual 27. Sep 18 27. Sep 18 5,000,000 €0.41 €2,069,827
11. Sep 18 Buy Howard Balloch Individual 07. Sep 18 07. Sep 18 60,000 €0.44 €26,536
10. Sep 18 Buy Shu Liang Jen Individual 05. Sep 18 05. Sep 18 1,000,000 €0.45 €447,045
10. Sep 18 Buy Shu Liang Jen Individual 06. Sep 18 06. Sep 18 1,000,000 €0.42 €424,192
05. Sep 18 Buy Howard Balloch Individual 22. Aug 18 22. Aug 18 140,000 €0.44 €62,178
31. Aug 18 Buy Shu Liang Jen Individual 30. Aug 18 30. Aug 18 1,000,000 €0.48 €481,192
20. Aug 18 Buy Shu Liang Jen Individual 17. Aug 18 17. Aug 18 2,000,000 €0.41 €821,522
15. Aug 18 Buy Shu Liang Jen Individual 15. Aug 18 15. Aug 18 1,000,000 €0.50 €497,014
15. Aug 18 Buy Shu Liang Jen Individual 13. Aug 18 13. Aug 18 2,000,000 €0.54 €1,073,476
07. Aug 18 Buy Shu Liang Jen Individual 06. Aug 18 06. Aug 18 500,000 €0.66 €329,228
07. Aug 18 Buy Shu Liang Jen Individual 02. Aug 18 02. Aug 18 2,000,000 €0.71 €1,414,706
07. Aug 18 Buy Shu Liang Jen Individual 03. Aug 18 03. Aug 18 1,000,000 €0.68 €681,231
17. Jul 18 Sell Lap Tat Wong Individual 13. Jul 18 13. Jul 18 -100,000 €0.76 €-76,422
X
Management checks
We assess China Maple Leaf Educational Systems'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 Maple Leaf Educational Systems 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.

CML1 News

Simply Wall St News

CML1 Company Info

Description

China Maple Leaf Educational Systems Limited, together with its subsidiaries, operates bilingual private schools and preschools in the People’s Republic of China and Canada. The company offers dual-diploma curriculum, such as British Columbia curriculum and Chinese curriculum; and bilingual education services. It operates bilingual private schools and preschools under the Maple Leaf brand name. As of October 15, 2018, the company operated 92 schools, including 14 high schools, 23 middle schools, 24 elementary schools, 28 preschools, and 3 foreign national schools. It also provides construction services. China Maple Leaf Educational Systems Limited was founded in 1996 and is headquartered in Dalian, the People's Republic of China.

Details
Name: China Maple Leaf Educational Systems Limited
CML1
Exchange: DB
Founded: 1996
HK$1,046,945,182
2,995,320,920
Website: http://www.mapleleaf.cn
Address: China Maple Leaf Educational Systems Limited
Maple Leaf Educational Park,
6 Central Street,
Dalian,
Liaoning Province, 116650,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1317 Ordinary shares The Stock Exchange of Hong Kong Ltd. HK HKD 28. Nov 2014
OTCPK CMLL.F Ordinary shares Pink Sheets LLC US USD 28. Nov 2014
DB CML1 Ordinary shares Deutsche Boerse AG DE EUR 28. Nov 2014
SHSC 1317 Ordinary shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 28. Nov 2014
SZSC 1317 Ordinary shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 28. Nov 2014
Number of employees
Current staff
Staff numbers
5,663
China Maple Leaf Educational Systems employees.
Industry
Education Services
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/15 22:16
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/06/07
Last earnings filing: 2019/05/22
Last earnings reported: 2019/02/28
Last annual earnings reported: 2018/08/31


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.