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Uni-President China Holdings

DB:58U
Snowflake Description

Excellent balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
58U
DB
HK$40B
Market Cap
  1. Home
  2. DE
  3. Food, Beverage & Tobacco
Company description

Uni-President China Holdings Ltd., an investment holding company, manufactures, sells, and trades in beverages and instant noodles in the People’s Republic of China. The last earnings update was 100 days ago. More info.


Add to Portfolio Compare Print
  • Uni-President China Holdings has significant price volatility in the past 3 months.
58U Share Price and Events
7 Day Returns
4.9%
DB:58U
-4.9%
DE Food
-0.7%
DE Market
1 Year Returns
6.6%
DB:58U
-1.6%
DE Food
-7.6%
DE Market
58U Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Uni-President China Holdings (58U) 4.9% 10.7% 34.4% 6.6% 53.2% 68.9%
DE Food -4.9% -1.4% 5.3% -1.6% -17.2% 15%
DE Market -0.7% -0.5% -3.8% -7.6% 8.3% 11.1%
1 Year Return vs Industry and Market
  • 58U outperformed the Food industry which returned -1.6% over the past year.
  • 58U outperformed the Market in Germany which returned -7.6% over the past year.
Price Volatility
58U
Industry
5yr Volatility vs Market
Related Companies

58U Value

 Is Uni-President China 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 Uni-President China 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 Uni-President China Holdings.

DB:58U Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 22 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 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:58U
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Food Unlevered Beta Simply Wall St/ S&P Global 0.56
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.565 (1 + (1- 25%) (5.63%))
0.724
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 * 5.96%)
5%

Discounted Cash Flow Calculation for DB:58U using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Uni-President China 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:58U DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 5%)
2020 1,701.85 Analyst x9 1,620.88
2021 2,097.04 Analyst x7 1,902.22
2022 2,210.00 Analyst x1 1,909.30
2023 2,438.00 Analyst x1 2,006.05
2024 2,607.21 Est @ 6.94% 2,043.20
2025 2,735.66 Est @ 4.93% 2,041.86
2026 2,831.87 Est @ 3.52% 2,013.10
2027 2,903.53 Est @ 2.53% 1,965.82
2028 2,956.94 Est @ 1.84% 1,906.73
2029 2,997.04 Est @ 1.36% 1,840.63
Present value of next 10 years cash flows CN¥19,249.78
DB:58U DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥2,997.04 × (1 + 0.23%) ÷ (5% – 0.23%)
CN¥63,000.80
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥63,000.80 ÷ (1 + 5%)10
CN¥38,691.76
DB:58U Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥19,249.78 + CN¥38,691.76
CN¥57,941.54
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥57,941.54 / 4,319.33
CN¥13.41
DB:58U Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:220)
1.135
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥13.41 x 1.135
HK$15.22
Non-primary Listing Adjustment Factor 1 share in DB:58U represents 0.11196x of SEHK:220
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.11196x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 15.22 x 0.11196
€1.70
Value per share (EUR) From above. €1.70
Current discount Discount to share price of €1.04
= -1 x (€1.04 - €1.70) / €1.70
39%

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

Current Discount
Amount off the current price Uni-President China Holdings is available for.
Intrinsic value
39%
Share price is €1.04 vs Future cash flow value of €1.7
Current Discount Checks
For Uni-President China Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Uni-President China Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Uni-President China Holdings's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Uni-President China Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Uni-President China Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:58U PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥0.24
SEHK:220 Share Price ** SEHK (2019-07-19) in HKD HK$9.28
SEHK:220 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.881 CN¥8.18
Germany Food Industry PE Ratio Median Figure of 5 Publicly-Listed Food Companies 20.11x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.75x

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

** Primary Listing of Uni-President China Holdings.

DB:58U PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:220 Share Price ÷ EPS (both in CNY)

= 8.18 ÷ 0.24

34.31x

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

  • Uni-President China Holdings is overvalued based on earnings compared to the DE Food industry average.
  • Uni-President China Holdings is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Uni-President China Holdings's expected growth come at a high price?
Raw Data
DB:58U PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 34.31x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 22 Analysts
11.8%per year
Europe Food Industry PEG Ratio Median Figure of 67 Publicly-Listed Food Companies 1.68x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.44x

*Line of best fit is calculated by linear regression .

DB:58U PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 34.31x ÷ 11.8%

2.91x

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

  • Uni-President China Holdings is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Uni-President China Holdings's assets?
Raw Data
DB:58U PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥3.06
SEHK:220 Share Price * SEHK (2019-07-19) in HKD HK$9.28
SEHK:220 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.881 CN¥8.18
Germany Food Industry PB Ratio Median Figure of 7 Publicly-Listed Food Companies 2.06x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.71x
DB:58U PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:220 Share Price ÷ Book Value per Share (both in CNY)

= 8.18 ÷ 3.06

2.67x

* Primary Listing of Uni-President China Holdings.

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

  • Uni-President China Holdings is overvalued based on assets compared to the DE Food industry average.
X
Value checks
We assess Uni-President China 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 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. Uni-President China Holdings has a total score of 1/6, see the detailed checks below.

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

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

58U Future Performance

 How is Uni-President China Holdings expected to perform in the next 1 to 3 years based on estimates from 22 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
11.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Uni-President China Holdings expected to grow at an attractive rate?
  • Uni-President China Holdings's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Uni-President China Holdings's earnings growth is positive but not above the Germany market average.
  • Uni-President China Holdings's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:58U Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:58U Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 22 Analysts 11.8%
DB:58U Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 22 Analysts 4.2%
Germany Food Industry Earnings Growth Rate Market Cap Weighted Average 36%
Europe Food Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

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

Analysts growth expectations
Raw Data
DB:58U Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 22 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:58U Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 27,686 1
2022-12-31 26,505 1
2021-12-31 24,644 2,704 1,473 16
2020-12-31 23,643 2,832 1,357 22
2019-12-31 22,633 2,653 1,214 22
DB:58U Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 21,772 2,563 1,030
2018-09-30 21,614 2,675 1,026
2018-06-30 21,931 2,787 1,023
2018-03-31 21,614 2,620 951
2017-12-31 20,822 2,453 878
2017-09-30 20,431 2,270 640
2017-06-30 19,862 2,088 402
2017-03-31 20,424 2,113 505
2016-12-31 20,986 2,139 607
2016-09-30 21,398 2,259 765
2016-06-30 21,810 2,380 923
2016-03-31 21,956 2,926 879

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Uni-President China Holdings's earnings are expected to grow by 11.8% yearly, however this is not considered high growth (20% yearly).
  • Uni-President China Holdings's revenue is expected to grow by 4.2% 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:58U Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 22 Analyst Estimates (S&P Global) See Below

All data from Uni-President China Holdings Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:58U 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 0.34 0.38 0.28 13.00
2020-12-31 0.32 0.35 0.27 20.00
2019-12-31 0.28 0.32 0.26 20.00
DB:58U Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 0.24
2018-09-30 0.24
2018-06-30 0.24
2018-03-31 0.22
2017-12-31 0.20
2017-09-30 0.15
2017-06-30 0.09
2017-03-31 0.12
2016-12-31 0.14
2016-09-30 0.18
2016-06-30 0.21
2016-03-31 0.20

*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.
  • Uni-President China Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Uni-President China 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 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.
Uni-President China 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.

58U Past Performance

  How has Uni-President China 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 Uni-President China Holdings'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.
  • Uni-President China Holdings's year on year earnings growth rate has been positive over the past 5 years.
  • Uni-President China Holdings's 1-year earnings growth exceeds its 5-year average (17.3% vs 8%)
  • Uni-President China Holdings's earnings growth has exceeded the DE Food industry average in the past year (17.3% vs 11.3%).
Earnings and Revenue History
Uni-President China 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 Uni-President China Holdings Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:58U 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 21,772.24 1,029.70 6,212.20
2018-09-30 21,614.30 1,026.28 6,035.70
2018-06-30 21,930.94 1,022.86 6,333.79
2018-03-31 21,613.74 950.54 6,237.64
2017-12-31 20,821.95 878.22 5,666.90
2017-09-30 20,430.82 639.97 5,982.52
2017-06-30 19,861.71 401.73 6,120.18
2017-03-31 20,423.62 504.53 6,484.53
2016-12-31 20,985.53 607.33 6,848.89
2016-09-30 21,397.67 765.22 6,941.62
2016-06-30 21,809.81 923.11 7,034.36
2016-03-31 21,955.84 878.81 7,185.21
2015-12-31 22,101.87 834.51 7,336.06
2015-09-30 22,114.11 725.61 7,351.26
2015-06-30 22,126.35 616.72 7,366.47
2015-03-31 22,307.01 451.13 7,314.55
2014-12-31 22,487.67 285.54 7,262.63
2014-09-30 22,989.71 491.27 7,358.33
2014-06-30 23,491.74 697.01 7,454.02
2014-03-31 23,410.37 806.71 7,559.52
2013-12-31 23,328.99 916.41 7,665.01
2013-09-30 23,145.26 921.15 7,541.97
2013-06-30 22,961.53 925.88 7,418.93
2013-03-31 22,183.63 890.89 7,092.44
2012-12-31 21,405.72 855.89 6,765.95
2012-09-30 20,093.43 748.05 6,216.50

*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.
  • Uni-President China Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Uni-President China Holdings used its assets less efficiently than the DE Food industry average last year based on Return on Assets.
  • Uni-President China Holdings has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Uni-President China 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 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.
Uni-President China Holdings 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.

58U Health

 How is Uni-President China 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 Uni-President China Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Uni-President China Holdings's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Uni-President China Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Uni-President China 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 covered by short term assets, assets are 3.8x 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 Uni-President China Holdings Company Filings, last reported 6 months ago.

DB:58U Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 13,222.31 1,987.73 4,626.48
2018-09-30 13,222.31 1,987.73 4,626.48
2018-06-30 12,910.13 1,449.13 3,998.46
2018-03-31 12,910.13 1,449.13 3,998.46
2017-12-31 12,815.48 1,334.77 2,842.73
2017-09-30 12,815.48 1,334.77 2,842.73
2017-06-30 12,488.69 1,796.10 2,996.31
2017-03-31 12,488.69 1,796.10 2,996.31
2016-12-31 12,040.11 2,600.17 2,463.20
2016-09-30 12,040.11 2,600.17 2,463.20
2016-06-30 12,206.76 3,448.00 2,184.14
2016-03-31 12,206.76 3,448.00 2,184.14
2015-12-31 11,602.40 4,254.32 2,919.33
2015-09-30 11,602.40 4,254.32 2,919.33
2015-06-30 11,470.56 5,837.62 3,763.12
2015-03-31 11,470.56 5,837.62 3,763.12
2014-12-31 10,836.74 5,836.37 2,214.83
2014-09-30 10,836.74 5,836.37 2,214.83
2014-06-30 10,905.18 5,534.94 2,615.35
2014-03-31 10,905.18 5,534.94 2,615.35
2013-12-31 8,142.17 6,003.99 1,413.93
2013-09-30 8,142.17 6,003.99 1,413.93
2013-06-30 8,069.94 5,145.56 2,034.57
2013-03-31 8,069.94 5,145.56 2,034.57
2012-12-31 7,671.07 3,970.88 2,290.81
2012-09-30 7,671.07 3,970.88 2,290.81
  • Uni-President China Holdings's level of debt (15%) 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 (73.4% vs 15% today).
  • Debt is well covered by operating cash flow (129%, greater than 20% of total debt).
  • Uni-President China Holdings earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Uni-President China 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. Uni-President China Holdings has a total score of 5/6, 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.

58U Dividends

 What is Uni-President China 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
2.91%
Current annual income from Uni-President China Holdings dividends. Estimated to be 3.47% next year.
If you bought €2,000 of Uni-President China Holdings shares you are expected to receive €58 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?
  • Uni-President China Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.48%).
  • Uni-President China Holdings's dividend is below the markets top 25% of dividend payers in Germany (3.92%).
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:58U 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 22 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 325 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:58U Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.30 13.00
2020-12-31 0.29 18.00
2019-12-31 0.27 17.00
DB:58U Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-05-17 0.238 3.177
2018-03-27 0.142 2.171
2017-03-24 0.028 0.521
2016-05-20 0.039 0.771
2015-03-23 0.013 0.250
2015-03-17 0.013 0.302
2014-03-24 0.051 0.969
2014-03-18 0.051 0.900
2013-04-02 0.048 0.785
2013-03-26 0.048 0.680
2012-03-27 0.026 0.401
2011-03-29 0.043 1.137
2010-04-26 0.098 2.515
2009-04-27 0.029 0.711
2009-04-21 0.029 1.054
2009-04-17 0.029 1.122

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Uni-President China Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.2x coverage).
X
Income/ dividend checks
We assess Uni-President China 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 Uni-President China Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Uni-President China Holdings 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.

58U Management

 What is the CEO of Uni-President China 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
Xinhua Liu
COMPENSATION CN¥3,700,000
AGE 49
TENURE AS CEO 3 years
CEO Bio

Mr. Liu Xinhua has been the President and Executive Director of Uni-President China Holdings Ltd. since July 1, 2016 and March 25, 2017 respectively. Mr. Liu served as Head of Food department at Uni-President China Holdings Ltd. since August 2008. Mr. Liu joined Uni-President China in July 1994 and acted as the head of food department in August 2008. He has 17 years of experience in the food industry and holds a master’s degree in business administration from the University of Electronic Science and Technology.

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

Average tenure and age of the Uni-President China Holdings management team in years:

3
Average Tenure
49
Average Age
  • The tenure for the Uni-President China Holdings management team is about average.
Management Team

Alex Lo

TITLE
Executive Chairman
COMPENSATION
CN¥5M
AGE
62

Xinhua Liu

TITLE
Executive Director & President
COMPENSATION
CN¥4M
AGE
49
TENURE
3 yrs

Tzu-Chiang LIU

TITLE
Chief Financial Officer
AGE
49

Nianen Zhao

TITLE
Head of Bottled Water Department & GM of the Combined Drink Products Business
AGE
43
TENURE
12.8 yrs

Kwan Ho Fung

TITLE
Company Secretary
TENURE
0.5 yrs
Board of Directors Tenure

Average tenure and age of the Uni-President China Holdings board of directors in years:

11.9
Average Tenure
60
Average Age
  • The average tenure for the Uni-President China Holdings board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Alex Lo

TITLE
Executive Chairman
COMPENSATION
CN¥5M
AGE
62
TENURE
11.9 yrs

Xinhua Liu

TITLE
Executive Director & President
COMPENSATION
CN¥4M
AGE
49
TENURE
2.3 yrs

Peter Lo

TITLE
Independent Non Executive Director
COMPENSATION
CN¥258K
AGE
63
TENURE
11.7 yrs

Anthony Fan

TITLE
Independent Non Executive Director
COMPENSATION
CN¥258K
AGE
59
TENURE
11.9 yrs

Eric Chen

TITLE
Independent Non Executive Director
COMPENSATION
CN¥258K
AGE
64
TENURE
11.9 yrs

Anthony Fan

TITLE
Independent Non Executive Director
COMPENSATION
CN¥258K
AGE
59
TENURE
11.9 yrs

Tony Su

TITLE
Non Executive Director
COMPENSATION
CN¥41K
AGE
62
TENURE
11.9 yrs

Kuo-Hui Chen

TITLE
Non-Executive Director
COMPENSATION
CN¥48K
AGE
50
TENURE
2 yrs

Johnny Chen

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥247K
AGE
60
TENURE
3.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
28. Jun 19 Buy Uni-President Enterprises Corp. Company 28. Jun 19 28. Jun 19 41,000 €0.72 €29,522
26. Feb 19 Buy Uni-President Enterprises Corp. Company 28. Dec 18 28. Dec 18 220,000 €0.75 €164,435
01. Apr 19 Sell JPMorgan Chase & Co, Brokerage and Securities Investments Company 27. Mar 19 27. Mar 19 -2,022,025 €0.87 €-1,764,182
17. Aug 18 Buy J.P. Morgan Asset Management, Inc. Company 14. Aug 18 14. Aug 18 219,000 €0.82 €178,873
10. Aug 18 Sell J.P. Morgan Asset Management, Inc. Company 07. Aug 18 07. Aug 18 -334,500 €0.94 €-313,859
08. Aug 18 Buy J.P. Morgan Asset Management, Inc. Company 06. Aug 18 06. Aug 18 180,500 €0.94 €169,061
01. Aug 18 Sell J.P. Morgan Asset Management, Inc. Company 27. Jul 18 27. Jul 18 -3,113,000 €1.02 €-3,174,009
X
Management checks
We assess Uni-President China 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. Uni-President China 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.

58U News

Simply Wall St News

58U Company Info

Description

Uni-President China Holdings Ltd., an investment holding company, manufactures, sells, and trades in beverages and instant noodles in the People’s Republic of China. The company operates through Beverages, Instant Noodles, and Others segments. It offers tea drinks, juice drinks, milk tea, coffee, soy milk, bottle can drinks, and bottled water. The company also engages in the wholesale of pre-packaged food and dairy products, and forage and fertilizers, as well as manufactures and sells seasonings. In addition, it is involved in leasing, real estate, catering, and management consulting, as well as human resource management related activities. The company was incorporated in 2007 and is headquartered in Shanghai, China. Uni-President China Holdings Ltd. is a subsidiary of Cayman President Holdings Ltd.

Details
Name: Uni-President China Holdings Ltd
58U
Exchange: DB
Founded: 2007
HK$4,576,390,535
4,319,334,000
Website: http://www.uni-president.com.cn
Address: Uni-President China Holdings Ltd
No. 131, Linhong Road,
Shanghai Hongqiao Linkong Economic Zone,
Shanghai,
200335,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 220 Common Shares The Stock Exchange of Hong Kong Ltd. HK HKD 17. Dec 2007
OTCPK UNPS.F Common Shares Pink Sheets LLC US USD 17. Dec 2007
DB 58U Common Shares Deutsche Boerse AG DE EUR 17. Dec 2007
SHSC 220 Common Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 17. Dec 2007
SZSC 220 Common Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 17. Dec 2007
OTCPK UPCH.Y ADR Pink Sheets LLC US USD 30. Oct 2008
Number of employees
Current staff
Staff numbers
29,192
Uni-President China Holdings employees.
Industry
Packaged Foods and Meats
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/20 21:47
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/07/18
Last earnings filing: 2019/04/11
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.