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Dali Foods Group

DB:05M
Snowflake Description

Flawless balance sheet and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
05M
DB
HK$74B
Market Cap
  1. Home
  2. DE
  3. Food, Beverage & Tobacco
Company description

Dali Foods Group Company Limited, an investment holding company, manufactures and sells food and beverages in Mainland China. The last earnings update was 51 days ago. More info.


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05M Share Price and Events
7 Day Returns
-1.3%
DB:05M
1.8%
DE Food
-2.5%
DE Market
1 Year Returns
-9.7%
DB:05M
-6.5%
DE Food
-11.8%
DE Market
05M Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Dali Foods Group (05M) -1.3% -2.4% -3.2% -9.7% 30.8% -
DE Food 1.8% 2.6% 6.5% -6.5% -6.3% 19.2%
DE Market -2.5% -0.8% -0.2% -11.8% 13.6% 6.6%
1 Year Return vs Industry and Market
  • 05M underperformed the Food industry which returned -6.5% over the past year.
  • 05M outperformed the Market in Germany which returned -11.8% over the past year.
Price Volatility
05M
Industry
5yr Volatility vs Market

05M Value

 Is Dali Foods Group undervalued based on future cash flows and its price relative to the stock market?

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

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

Below are the data sources, inputs and calculation used to determine the intrinsic value for Dali Foods Group.

DB:05M Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 13 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.5%
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:05M
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6.7%
Food Unlevered Beta Simply Wall St/ S&P Global 0.55
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.545 (1 + (1- 25%) (0%))
0.695
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.8 * 6.65%)
5.55%

Discounted Cash Flow Calculation for DB:05M using 2 Stage Free Cash Flow to Equity Model

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

DB:05M DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 5.55%)
2019 3,484.25 Analyst x4 3,301.10
2020 4,412.20 Analyst x5 3,960.55
2021 4,455.25 Analyst x4 3,788.98
2022 5,843.00 Analyst x1 4,707.99
2023 6,332.00 Analyst x1 4,833.82
2024 6,692.62 Est @ 5.7% 4,840.56
2025 6,964.00 Est @ 4.05% 4,772.09
2026 7,166.44 Est @ 2.91% 4,652.68
2027 7,317.16 Est @ 2.1% 4,500.83
2028 7,429.90 Est @ 1.54% 4,329.95
Present value of next 10 years cash flows CN¥43,688.56
DB:05M DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CN¥7,429.90 × (1 + 0.23%) ÷ (5.55% – 0.23%)
CN¥139,978.11
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥139,978.11 ÷ (1 + 5.55%)10
CN¥81,575.56
DB:05M Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥43,688.56 + CN¥81,575.56
CN¥125,264.12
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥125,264.12 / 13,694.12
CN¥83.38
DB:05M Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:3799)
1.13
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥9.15 x 1.13
HK$10.34
Non-primary Listing Adjustment Factor 1 share in DB:05M represents 0.1097x of SEHK:3799
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.1097x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 10.34 x 0.1097
€1.13
Value per share (EUR) From above. €1.13
Current discount Discount to share price of €0.59
= -1 x (€0.59 - €1.13) / €1.13
47.8%

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

Current Discount
Amount off the current price Dali Foods Group is available for.
Intrinsic value
48%
Share price is €0.59 vs Future cash flow value of €1.13
Current Discount Checks
For Dali Foods Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Dali Foods Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Dali Foods Group'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 Dali Foods Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Dali Foods Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:05M PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥0.27
SEHK:3799 Share Price ** SEHK (2019-06-14) in HKD HK$5.4
SEHK:3799 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.885 CN¥4.78
Germany Food Industry PE Ratio Median Figure of 5 Publicly-Listed Food Companies 20.45x
Germany Market PE Ratio Median Figure of 423 Publicly-Listed Companies 19.71x

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

** Primary Listing of Dali Foods Group.

DB:05M PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:3799 Share Price ÷ EPS (both in CNY)

= 4.78 ÷ 0.27

17.6x

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

  • Dali Foods Group is good value based on earnings compared to the DE Food industry average.
  • Dali Foods Group is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Dali Foods Group's expected growth come at a high price?
Raw Data
DB:05M PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.6x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts
8.9%per year
Europe Food Industry PEG Ratio Median Figure of 67 Publicly-Listed Food Companies 1.77x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.5x

*Line of best fit is calculated by linear regression .

DB:05M PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 17.6x ÷ 8.9%

1.99x

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

  • Dali Foods Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Dali Foods Group's assets?
Raw Data
DB:05M PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥1.13
SEHK:3799 Share Price * SEHK (2019-06-14) in HKD HK$5.4
SEHK:3799 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.885 CN¥4.78
Germany Food Industry PB Ratio Median Figure of 7 Publicly-Listed Food Companies 2.06x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.77x
DB:05M PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:3799 Share Price ÷ Book Value per Share (both in CNY)

= 4.78 ÷ 1.13

4.24x

* Primary Listing of Dali Foods Group.

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

  • Dali Foods Group is overvalued based on assets compared to the DE Food industry average.
X
Value checks
We assess Dali Foods Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Food 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 Food industry average (and greater than 0)? (1 check)
  5. Dali Foods Group has a total score of 4/6, see the detailed checks below.

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

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

05M Future Performance

 How is Dali Foods Group expected to perform in the next 1 to 3 years based on estimates from 13 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
8.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Dali Foods Group expected to grow at an attractive rate?
  • Dali Foods Group's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Dali Foods Group's earnings growth is positive but not above the Germany market average.
  • Dali Foods Group's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:05M Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:05M Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts 8.9%
DB:05M Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 13 Analysts 7.5%
Germany Food Industry Earnings Growth Rate Market Cap Weighted Average 57%
Europe Food Industry Revenue Growth Rate Market Cap Weighted Average 4.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.5%
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:05M Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:05M Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 26,014 5,301 4,834 10
2020-12-31 24,526 5,149 4,523 13
2019-12-31 22,439 4,492 4,090 12
DB:05M Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 20,864 5,002 3,717
2018-09-30 20,893 4,460 3,683
2018-06-30 20,922 3,918 3,649
2018-03-31 20,361 3,161 3,541
2017-12-31 19,799 2,404 3,434
2017-09-30 19,255 2,759 3,342
2017-06-30 18,710 3,114 3,250
2017-03-31 18,276 3,263 3,193
2016-12-31 17,842 3,412 3,137
2016-09-30 17,611 3,471 3,087
2016-06-30 17,381 3,530 3,037
2016-03-31 16,861 3,950 2,908

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Dali Foods Group's earnings are expected to grow by 8.9% yearly, however this is not considered high growth (20% yearly).
  • Dali Foods Group's revenue is expected to grow by 7.5% 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:05M 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 13 Analyst Estimates (S&P Global) See Below

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

DB:05M Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.35 0.37 0.32 9.00
2020-12-31 0.33 0.36 0.30 12.00
2019-12-31 0.30 0.31 0.29 12.00
DB:05M Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 0.27
2018-09-30 0.27
2018-06-30 0.27
2018-03-31 0.26
2017-12-31 0.25
2017-09-30 0.24
2017-06-30 0.24
2017-03-31 0.23
2016-12-31 0.23
2016-09-30 0.23
2016-06-30 0.23
2016-03-31 0.21

*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.
  • Dali Foods Group is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Dali Foods Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany 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.
Dali Foods Group 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.

05M Past Performance

  How has Dali Foods Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Dali Foods Group's growth in the last year to its industry (Food).
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.
  • Dali Foods Group's year on year earnings growth rate has been positive over the past 5 years.
  • Dali Foods Group's 1-year earnings growth is less than its 5-year average (8.3% vs 14.4%)
  • Dali Foods Group's earnings growth has exceeded the Europe Food industry average in the past year (8.3% vs 2.4%).
Earnings and Revenue History
Dali Foods Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

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

DB:05M 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 20,863.56 3,717.36 3,949.25
2018-09-30 20,892.99 3,683.07 3,986.82
2018-06-30 20,922.42 3,648.78 4,024.38
2018-03-31 20,360.76 3,541.24 3,898.20
2017-12-31 19,799.11 3,433.70 3,772.01
2017-09-30 19,254.68 3,341.87 3,619.37
2017-06-30 18,710.25 3,250.03 3,466.74
2017-03-31 18,276.07 3,193.41 3,342.85
2016-12-31 17,841.89 3,136.79 3,218.97
2016-09-30 17,611.41 3,086.81 3,065.81
2016-06-30 17,380.94 3,036.83 2,912.66
2016-03-31 16,860.53 2,908.19 2,716.61
2015-12-31 16,864.84 2,912.33 2,384.85
2015-09-30 16,437.59 2,735.79 2,104.39
2015-06-30 16,010.34 2,559.25 1,823.93
2015-03-31 15,521.13 2,354.62 1,540.36
2014-12-31 14,894.00 2,076.72 1,351.39
2013-12-31 12,827.02 1,190.78 1,069.35
2012-12-31 10,812.04 692.59 912.34

*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.
  • Dali Foods Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Dali Foods Group used its assets more efficiently than the DE Food industry average last year based on Return on Assets.
  • Dali Foods Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Dali Foods Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Food 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.
Dali Foods Group has a total score of 4/6, see the detailed checks below.

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

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

05M Health

 How is Dali Foods Group's financial health and their level of debt?

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

The boxes below represent the relative size of what makes up Dali Foods Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Dali Foods Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Dali Foods Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Dali Foods Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Dali Foods Group has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Dali Foods Group Company Filings, last reported 5 months ago.

DB:05M Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 15,414.67 0.00 10,082.35
2018-09-30 15,414.67 0.00 10,082.35
2018-06-30 14,633.74 0.00 10,610.87
2018-03-31 14,633.74 0.00 10,610.87
2017-12-31 13,786.19 0.00 8,356.34
2017-09-30 13,786.19 0.00 8,356.34
2017-06-30 13,401.71 0.00 9,125.50
2017-03-31 13,401.71 0.00 9,125.50
2016-12-31 13,865.88 0.00 10,124.77
2016-09-30 13,865.88 0.00 10,124.77
2016-06-30 12,192.84 0.00 8,690.74
2016-03-31 12,192.84 0.00 8,690.74
2015-12-31 11,902.12 1,500.00 9,787.34
2015-09-30 11,902.12 1,500.00 9,787.34
2015-06-30 3,192.05 2,437.73 1,934.66
2015-03-31 1,375.12 2,828.03 743.35
2014-12-31 550.20 3,286.16 633.05
2013-12-31 4,032.60 1,345.55 654.57
2012-12-31 3,830.45 920.02 408.17
  • Dali Foods Group has no debt.
  • Dali Foods Group has no debt compared to 5 years ago when it was 33.6%.
  • Dali Foods Group has no debt, it does not need to be covered by operating cash flow.
  • Dali Foods Group has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Dali Foods Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Dali Foods Group has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

05M Dividends

 What is Dali Foods Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.68%
Current annual income from Dali Foods Group dividends. Estimated to be 3.54% next year.
If you bought €2,000 of Dali Foods Group shares you are expected to receive €54 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?
  • Dali Foods Group's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • Dali Foods Group's dividend is below the markets top 25% of dividend payers in Germany (3.87%).
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:05M 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 13 Analyst Estimates (S&P Global) See Below
Germany Food Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 1.5%
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:05M Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.19 7.00
2020-12-31 0.17 10.00
2019-12-31 0.15 10.00
DB:05M Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-03-26 0.128 2.641
2018-09-26 0.148 3.039
2018-08-27 0.148 3.016
2018-04-23 0.162 3.148
2018-03-19 0.162 3.152
2017-08-24 0.170 3.183
2017-05-26 0.153 3.909
2017-04-21 0.160 3.930
2017-03-23 0.160 3.993
2016-09-29 0.107 2.900
2016-08-22 0.107 2.900
2016-03-29 0.105 2.799

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

  • Dali Foods Group 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 Dali Foods Group only paid a dividend in the past 3 years.
Current Payout to shareholders
What portion of Dali Foods Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.9x coverage).
X
Income/ dividend checks
We assess Dali Foods Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Dali Foods Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Dali Foods Group has a total score of 3/6, see the detailed checks below.


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

05M Management

 What is the CEO of Dali Foods Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Shihui Xu
COMPENSATION CN¥2,103,000
AGE 60
CEO Bio

Mr. Shihui Xu is the Founder of Dali Foods Group Company Limited and serves its Chairman and Chief Executive Officer. Mr. Xu has been an Executive Director at Dali Foods Group Co Ltd. November 4, 2014. Mr. Xu is responsible for formulating the overall strategic planning and major business decision of Dali Foods Group Co Ltd. He has been the Chairman and President of Fujian Dali since the establishment of Fujian Dali in 1992 and has served as the Chairman of all subsidiaries of Dali Foods Group since their establishment. He has 28 years of experience in food manufacturing industry. He serves as a Director of Dali Foods and Divine Foods-1, the controlling shareholders of the Company. He has grown from a local food manufacturing company in Fujian province to a nationwide snack food and Non-Alcoholic Beverage Company in China with a diversified multi-brand product portfolio focusing on high-growth product categories. He served as the Head of Factory for Hui'an Succade Factory from 1987 to 1989. He has been a Representative of the eleventh and twelfth National People’s Congress of the People’s Republic of China in 2008 and 2013. He was also the News Figure of China Food Industry Elite Forum of the 30th Anniversary of the Reform and Opening Up in September 2009. Mr. Xu has received many awards and accolades acknowledging his contributions to both the food and beverage industry and the society.

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

Average tenure and age of the Dali Foods Group management team in years:

10.8
Average Tenure
40
Average Age
  • The average tenure for the Dali Foods Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Shihui Xu

TITLE
Chairman & CEO
COMPENSATION
CN¥2M
AGE
60

Weiqiang Zhuang

TITLE
Executive VP & Executive Director
COMPENSATION
CN¥4M
AGE
40

Yangyang Xu

TITLE
VP & Executive Director
COMPENSATION
CN¥2M
AGE
35

Xinchuan Wu

TITLE
Chief Financial Officer
AGE
38
TENURE
10.8 yrs

Zhenqiao Le

TITLE
Head of Product Research & Development Department
AGE
40
TENURE
12.1 yrs

Zhiqing Huang

TITLE
Chief Procurement Officer
AGE
52
TENURE
11 yrs

Ying Chen

TITLE
Joint Company Secretary
AGE
32
TENURE
1.3 yrs

Celia Mak

TITLE
Joint Company Secretary
AGE
44
TENURE
0.1 yrs
Board of Directors Tenure

Average tenure and age of the Dali Foods Group board of directors in years:

4
Average Tenure
56.5
Average Age
  • The tenure for the Dali Foods Group board of directors is about average.
Board of Directors

Shihui Xu

TITLE
Chairman & CEO
COMPENSATION
CN¥2M
AGE
60

Weiqiang Zhuang

TITLE
Executive VP & Executive Director
COMPENSATION
CN¥4M
AGE
40
TENURE
4 yrs

Yangyang Xu

TITLE
VP & Executive Director
COMPENSATION
CN¥2M
AGE
35
TENURE
4.6 yrs

Zhijun Lin

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥278K
AGE
63
TENURE
3.8 yrs

Biying Xu

TITLE
Non-Executive Director
AGE
63
TENURE
4 yrs

Xiaoling Hu

TITLE
Non-Executive Director
AGE
48
TENURE
4.1 yrs

Hanchuan Cheng

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥136K
AGE
65
TENURE
3.8 yrs

Xiaobin Liu

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥136K
AGE
53
TENURE
3.8 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 Dali Foods Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Dali Foods Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


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

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

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

05M News

Simply Wall St News

05M Company Info

Description

Dali Foods Group Company Limited, an investment holding company, manufactures and sells food and beverages in Mainland China. It offers bread, cakes, and pastries; chips, fries, and others; biscuits and cookies; herbal tea; plant-based and milk beverages; energy drinks; and other beverage products. The company offers its products primarily under the Daliyuan, Haochidian, Copico, Doubendou, Hi-Tiger, and Heqizheng brand names. It markets its products through distributors, as well as retail, e-commerce, specialty, and catering channels. The company was founded in 1989 and is based in Kowloon, Hong Kong. Dali Foods Group Company Limited is a subsidiary of Divine Foods Limited.

Details
Name: Dali Foods Group Company Limited
05M
Exchange: DB
Founded: 1989
HK$8,419,184,311
13,694,117,500
Website: http://www.dali-group.com
Address: Dali Foods Group Company Limited
One Harbourfront,
Room 2601, 26th Floor,
Kowloon,
Kowloon, Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 3799 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 20. Nov 2015
DB 05M Ordinary Shares Deutsche Boerse AG DE EUR 20. Nov 2015
SHSC 3799 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 20. Nov 2015
SZSC 3799 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 20. Nov 2015
Number of employees
Current staff
Staff numbers
37,313
Dali Foods Group employees.
Industry
Packaged Foods and Meats
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/14 22:05
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/05/16
Last earnings filing: 2019/04/24
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.