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Sinopec Kantons Holdings

DB:SAK
Snowflake Description

Very undervalued 6 star dividend payer.

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

Sinopec Kantons Holdings Limited, an investment holding company, engages in petrochemical storage and logistics businesses primarily in the People’s Republic of China. The last earnings update was 20 days ago. More info.


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SAK Share Price and Events
7 Day Returns
0.8%
DB:SAK
1.8%
DE Oil and Gas
1.5%
DE Market
1 Year Returns
8.8%
DB:SAK
18%
DE Oil and Gas
-6.2%
DE Market
SAK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sinopec Kantons Holdings (SAK) 0.8% -1.5% 5.8% 8.8% -13.9% -41.3%
DE Oil and Gas 1.8% 3.7% 11.9% 18% 3.6% 51.7%
DE Market 1.5% 6% 8.5% -6.2% 10.7% 15.3%
1 Year Return vs Industry and Market
  • SAK underperformed the Oil and Gas industry which returned 18% over the past year.
  • SAK outperformed the Market in Germany which returned -6.2% over the past year.
Price Volatility
SAK
Industry
5yr Volatility vs Market

SAK Value

 Is Sinopec Kantons Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Sinopec Kantons Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Sinopec Kantons Holdings.

DB:SAK Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 11 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8%
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:SAK
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6.7%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.96
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.958 (1 + (1- 25%) (41.62%))
1.172
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.17
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.172 * 6.65%)
8.02%

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

The calculations below outline how an intrinsic value for Sinopec Kantons Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:SAK DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 8.02%)
2019 942.25 Analyst x4 872.25
2020 973.75 Analyst x4 834.45
2021 1,102.00 Analyst x3 874.20
2022 1,176.98 Est @ 6.8% 864.32
2023 1,233.85 Est @ 4.83% 838.77
2024 1,276.42 Est @ 3.45% 803.26
2025 1,308.12 Est @ 2.48% 762.05
2026 1,331.76 Est @ 1.81% 718.19
2027 1,349.52 Est @ 1.33% 673.70
2028 1,363.04 Est @ 1% 629.90
Present value of next 10 years cash flows HK$7,871.11
DB:SAK DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= HK$1,363.04 × (1 + 0.23%) ÷ (8.02% – 0.23%)
HK$17,521.89
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$17,521.89 ÷ (1 + 8.02%)10
HK$8,097.42
DB:SAK Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$7,871.11 + HK$8,097.42
HK$15,968.53
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$15,968.53 / 2,486.16
HK$6.42
DB:SAK Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:SAK represents 0.10845x of SEHK:934
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.10845x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 6.42 x 0.10845
€0.70
Value per share (EUR) From above. €0.70
Current discount Discount to share price of €0.39
= -1 x (€0.39 - €0.70) / €0.70
44.7%

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

Current Discount
Amount off the current price Sinopec Kantons Holdings is available for.
Intrinsic value
45%
Share price is €0.385 vs Future cash flow value of €0.69658
Current Discount Checks
For Sinopec Kantons Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Sinopec Kantons Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Sinopec Kantons Holdings's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Sinopec Kantons Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sinopec Kantons Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:SAK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in HKD HK$0.51
SEHK:934 Share Price ** SEHK (2019-04-23) in HKD HK$3.55
Germany Oil and Gas Industry PE Ratio Median Figure of 5 Publicly-Listed Oil and Gas Companies 17.21x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.6x

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

** Primary Listing of Sinopec Kantons Holdings.

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

= SEHK:934 Share Price ÷ EPS (both in HKD)

= 3.55 ÷ 0.51

6.99x

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

  • Sinopec Kantons Holdings is good value based on earnings compared to the DE Oil and Gas industry average.
  • Sinopec Kantons Holdings is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Sinopec Kantons Holdings's expected growth come at a high price?
Raw Data
DB:SAK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.99x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
8.4%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 58 Publicly-Listed Oil and Gas Companies 1x
Germany Market PEG Ratio Median Figure of 269 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.99x ÷ 8.4%

0.83x

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

  • Sinopec Kantons Holdings is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Sinopec Kantons Holdings's assets?
Raw Data
DB:SAK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in HKD HK$4.69
SEHK:934 Share Price * SEHK (2019-04-23) in HKD HK$3.55
Germany Oil and Gas Industry PB Ratio Median Figure of 7 Publicly-Listed Oil and Gas Companies 0.89x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.84x
DB:SAK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:934 Share Price ÷ Book Value per Share (both in HKD)

= 3.55 ÷ 4.69

0.76x

* Primary Listing of Sinopec Kantons Holdings.

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

  • Sinopec Kantons Holdings is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Sinopec Kantons Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas 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 Oil and Gas industry average (and greater than 0)? (1 check)
  5. Sinopec Kantons Holdings has a total score of 6/6, 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.

SAK Future Performance

 How is Sinopec Kantons Holdings expected to perform in the next 1 to 3 years based on estimates from 11 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
8.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sinopec Kantons Holdings expected to grow at an attractive rate?
  • Sinopec Kantons Holdings's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Sinopec Kantons Holdings's earnings growth is positive but not above the Germany market average.
  • Sinopec Kantons Holdings's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:SAK Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:SAK Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts 8.4%
DB:SAK Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts 4.3%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 7.7%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

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

Analysts growth expectations
Raw Data
DB:SAK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:SAK Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 1,867 829 1,634 7
2020-12-31 1,792 1,033 1,523 10
2019-12-31 1,659 904 1,409 10
DB:SAK Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-12-31 1,656 874 1,262
2018-09-30 1,640 663 1,261
2018-06-30 1,625 453 1,260
2018-03-31 1,677 785 1,234
2017-12-31 1,729 1,117 1,208
2017-09-30 1,789 933 1,202
2017-06-30 1,848 749 1,196
2017-03-31 1,808 670 1,101
2016-12-31 1,767 591 1,005
2016-09-30 1,849 1,088 1,008
2016-06-30 1,932 1,586 1,011
2016-03-31 1,988 1,530 1,019

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Sinopec Kantons Holdings's earnings are expected to grow by 8.4% yearly, however this is not considered high growth (20% yearly).
  • Sinopec Kantons Holdings's revenue is expected to grow by 4.3% 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:SAK 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 11 Analyst Estimates (S&P Global) See Below

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

DB:SAK Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.66 0.74 0.58 6.00
2020-12-31 0.61 0.69 0.56 8.00
2019-12-31 0.57 0.63 0.54 9.00
DB:SAK Past Financials Data
Date (Data in HKD Millions) EPS *
2018-12-31 0.51
2018-09-30 0.51
2018-06-30 0.51
2018-03-31 0.50
2017-12-31 0.49
2017-09-30 0.48
2017-06-30 0.48
2017-03-31 0.44
2016-12-31 0.40
2016-09-30 0.41
2016-06-30 0.41
2016-03-31 0.41

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

SAK Past Performance

  How has Sinopec Kantons Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Sinopec Kantons Holdings's growth in the last year to its industry (Oil and Gas).
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.
  • Sinopec Kantons Holdings's year on year earnings growth rate has been positive over the past 5 years.
  • Sinopec Kantons Holdings's 1-year earnings growth is less than its 5-year average (4.5% vs 11.8%)
  • Sinopec Kantons Holdings's earnings growth has not exceeded the Europe Oil and Gas industry average in the past year (4.5% vs 30.5%).
Earnings and Revenue History
Sinopec Kantons Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

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

DB:SAK Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,655.63 1,262.07 290.51
2018-09-30 1,640.34 1,260.86 277.35
2018-06-30 1,625.05 1,259.66 264.20
2018-03-31 1,677.15 1,233.79 249.33
2017-12-31 1,729.24 1,207.93 234.47
2017-09-30 1,788.86 1,202.18 203.93
2017-06-30 1,848.48 1,196.43 173.39
2017-03-31 1,807.54 1,100.84 178.57
2016-12-31 1,766.59 1,005.26 183.76
2016-09-30 1,849.22 1,007.99 182.41
2016-06-30 1,931.85 1,010.72 181.06
2016-03-31 1,987.74 1,018.78 172.59
2015-12-31 2,043.63 1,026.85 164.12
2015-09-30 10,088.54 1,098.51 172.94
2015-06-30 18,133.44 1,170.17 181.77
2015-03-31 19,401.51 1,094.27 178.94
2014-12-31 20,669.58 1,018.36 176.11
2014-09-30 17,243.32 828.09 144.73
2014-06-30 13,817.06 637.82 113.36
2014-03-31 18,586.32 564.61 122.72
2013-12-31 23,355.58 491.40 132.08
2013-09-30 23,372.25 418.21 131.69
2013-06-30 23,388.92 345.03 131.31
2013-03-31 22,715.36 318.38 103.33
2012-12-31 22,041.79 291.74 75.34
2012-09-30 21,773.04 276.02 75.78
2012-06-30 21,504.30 260.30 76.22

*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.
  • Sinopec Kantons Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Sinopec Kantons Holdings used its assets more efficiently than the DE Oil and Gas industry average last year based on Return on Assets.
  • Sinopec Kantons Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Sinopec Kantons Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas 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.
Sinopec Kantons Holdings has a total score of 2/6, 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.

SAK Health

 How is Sinopec Kantons Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Sinopec Kantons Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sinopec Kantons Holdings's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Sinopec Kantons Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Sinopec Kantons Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.4x 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 Sinopec Kantons Holdings Company Filings, last reported 3 months ago.

DB:SAK Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 11,698.78 3,673.33 320.69
2018-09-30 11,698.78 3,673.33 320.69
2018-06-30 11,813.15 4,468.67 322.77
2018-03-31 11,813.15 4,468.67 322.77
2017-12-31 11,369.91 5,163.11 409.86
2017-09-30 11,369.91 5,163.11 409.86
2017-06-30 10,594.37 4,951.22 247.76
2017-03-31 10,594.37 4,951.22 247.76
2016-12-31 9,600.77 5,627.60 323.21
2016-09-30 9,600.77 5,627.60 323.21
2016-06-30 9,695.69 5,787.13 509.64
2016-03-31 9,695.69 5,787.13 509.64
2015-12-31 9,412.09 3,938.98 1,057.73
2015-09-30 9,412.09 3,938.98 1,057.73
2015-06-30 10,545.30 0.00 808.85
2015-03-31 10,545.30 0.00 808.85
2014-12-31 12,503.93 4,183.20 798.87
2014-09-30 12,503.93 4,183.20 798.87
2014-06-30 10,144.86 0.00 1,304.88
2014-03-31 10,144.86 0.00 1,304.88
2013-12-31 9,856.22 0.00 1,622.45
2013-09-30 9,856.22 0.00 1,622.45
2013-06-30 9,457.41 0.00 1,866.29
2013-03-31 9,457.41 0.00 1,866.29
2012-12-31 6,507.94 0.00 2,404.98
2012-09-30 6,507.94 0.00 2,404.98
2012-06-30 6,414.25 0.00 3,651.84
  • Sinopec Kantons Holdings's level of debt (31.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 31.4% today).
  • Debt is well covered by operating cash flow (23.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 6x coverage).
X
Financial health checks
We assess Sinopec Kantons Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Sinopec Kantons Holdings has a total score of 4/6, 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.

SAK Dividends

 What is Sinopec Kantons Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.23%
Current annual income from Sinopec Kantons Holdings dividends. Estimated to be 5.39% next year.
If you bought €2,000 of Sinopec Kantons Holdings shares you are expected to receive €85 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?
  • Sinopec Kantons Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • Sinopec Kantons Holdings's dividend is above the markets top 25% of dividend payers in Germany (3.71%).
Upcoming dividend payment

Purchase Sinopec Kantons Holdings before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:SAK 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 11 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 61 Stocks 5.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

DB:SAK Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.22 7.00
2020-12-31 0.20 10.00
2019-12-31 0.17 10.00
DB:SAK Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2019-03-21 0.150 4.160
2018-04-27 0.140 3.995
2018-03-21 0.140 3.758
2017-08-31 0.100 2.033
2017-08-25 0.100 2.155
2017-04-10 0.070 1.618
2017-03-30 0.070 1.610
2016-08-31 0.070 1.863
2016-08-25 0.070 1.805
2016-04-01 0.050 1.279
2016-03-22 0.050 1.339
2015-08-28 0.050 1.223
2015-08-20 0.050 1.338
2015-04-08 0.050 0.867
2015-03-27 0.050 0.872
2014-04-07 0.035 0.562
2014-03-31 0.035 0.437
2013-03-27 0.035 0.469
2013-03-25 0.035 0.501
2012-02-21 0.035 0.620
2011-08-18 0.035 0.807
2011-03-31 0.035 0.860
2010-08-30 0.035 0.814
2010-03-19 0.035 0.819
2009-08-17 0.035 1.267
2009-04-24 0.035 2.431

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Sinopec Kantons Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.8x coverage).
X
Income/ dividend checks
We assess Sinopec Kantons Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Sinopec Kantons Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sinopec Kantons Holdings has a total score of 6/6, see the detailed checks below.


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

SAK Management

 What is the CEO of Sinopec Kantons Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Zhijun Ye
COMPENSATION HK$3,006,000
AGE 52
TENURE AS CEO 17.3 years
CEO Bio

Mr. Zhijun Ye serves as Managing Director and Executive Director of Sinopec Yu Ji Pipeline Company Limited. Mr. Ye has been the Managing Director of Sinopec Kantons Holdings Limited since January 2002 and serves as its Executive Director. He served as Deputy Officer, officer of marketing department of Guangzhou Yinzhu Polypropylene Ltd of Guangzhou Petroleum and Chemical Plant from June 1995 to July 1997; and Deputy General Manager of Guangzhou Yinzhu Polypropylene Ltd of Guangzhou Petroleum and Chemical Plant from July 1997 to September 1999; and Deputy Manager of sales centre of Sinopec Guangzhou Company from September 1999 to December 2001. He also has in-depth experience in managing the operation at Sinopec Kantons Holdings Ltd. Mr. Ye has professional qualification of engineer. Mr. Ye Graduated from the Faculty of Chemical Engineering of Zhejiang University in July 1988 and was research graduate of MBA of Jinan University in December 2001.

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

Average tenure and age of the Sinopec Kantons Holdings management team in years:

9.1
Average Tenure
52
Average Age
  • The average tenure for the Sinopec Kantons Holdings management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Bo Chen

TITLE
Executive Chairman
AGE
55

Zhijun Ye

TITLE
MD & Executive Director
COMPENSATION
HK$3M
AGE
52
TENURE
17.3 yrs

Xiwen Xiang

TITLE
Deputy Chairman of The Board
AGE
53

Liqi Dai

TITLE
Executive Director
AGE
51

Jianxin Li

TITLE
Executive Director
AGE
50

Guotao Wang

TITLE
Executive Director
AGE
53

Hong Chen

TITLE
Chief Financial Officer
AGE
45
TENURE
7.1 yrs

Eugene Lai

TITLE
Joint Company Secretary

Wenping Li

TITLE
Joint Company Secretary
AGE
55
TENURE
11.1 yrs

Xiu Lan Zhang

TITLE
Deputy General Manager
AGE
51
TENURE
7.1 yrs
Board of Directors Tenure

Average tenure and age of the Sinopec Kantons Holdings board of directors in years:

3.3
Average Tenure
54
Average Age
  • The tenure for the Sinopec Kantons Holdings board of directors is about average.
Board of Directors

Bo Chen

TITLE
Executive Chairman
AGE
55
TENURE
4.9 yrs

Zhijun Ye

TITLE
MD & Executive Director
COMPENSATION
HK$3M
AGE
52

Xiwen Xiang

TITLE
Deputy Chairman of The Board
AGE
53
TENURE
3.3 yrs

Liqi Dai

TITLE
Executive Director
AGE
51
TENURE
3.3 yrs

Jianxin Li

TITLE
Executive Director
AGE
50
TENURE
3.3 yrs

Guotao Wang

TITLE
Executive Director
AGE
53
TENURE
3.3 yrs

Maria Tam

TITLE
Independent Non-Executive Director
COMPENSATION
HK$360K
AGE
73
TENURE
19.8 yrs

Mark Fong

TITLE
Independent Non-Executive Director
COMPENSATION
HK$360K
AGE
67
TENURE
14.6 yrs

David Wong

TITLE
Independent Non-Executive Director
COMPENSATION
HK$360K
AGE
60
TENURE
5.1 yrs

Priscilla Wong

TITLE
Independent Non-executive Director
AGE
57
TENURE
1.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Sinopec Kantons Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Sinopec Kantons Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

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

SAK News

Simply Wall St News

SAK Company Info

Description

Sinopec Kantons Holdings Limited, an investment holding company, engages in petrochemical storage and logistics businesses primarily in the People’s Republic of China. The company operates through Crude Oil Jetty and Storage Services; Vessel Chartering and Logistics Services; and Natural Gas Pipeline Transmission Services segments. It operates crude oil and oil products terminals, and ancillary facilities; and provides logistics services, including storage, transportation, and terminal services, as well as trades in crude oil. The company also provides crude oil transportation, unloading, storage, and other jetty services for oil tankers, as well as oil supporting services; and natural gas pipeline transmission services. In addition, it offers vessel chartering for liquefied natural gas and crude oil transportation for oil tankers. The company was founded in 1998 and is based in Causeway Bay, Hong Kong. Sinopec Kantons Holdings Limited is a subsidiary of Sinopec Kantons International Limited.

Details
Name: Sinopec Kantons Holdings Limited
SAK
Exchange: DB
Founded: 1998
HK$1,004,126,117
2,486,160,000
Website: http://www.sinopec.com.hk
Address: Sinopec Kantons Holdings Limited
Citicorp Centre,
34th Floor,
Causeway Bay,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 934 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 22. Jul 1999
OTCPK SNPK.F Ordinary Shares Pink Sheets LLC US USD 22. Jul 1999
DB SAK Ordinary Shares Deutsche Boerse AG DE EUR 22. Jul 1999
SHSC 934 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 22. Jul 1999
SZSC 934 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 22. Jul 1999
OTCPK SPKO.Y UNSPONSORD ADR Pink Sheets LLC US USD 29. Dec 2008
Number of employees
Current staff
Staff numbers
233
Sinopec Kantons Holdings employees.
Industry
Oil and Gas Storage and Transportation
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 20:43
End of day share price update: 2019/04/23 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2019/04/03
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.