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CITIC Dameng Holdings

DB:00D
Snowflake Description

Proven track record and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
00D
DB
HK$1B
Market Cap
  1. Home
  2. DE
  3. Materials
Company description

CITIC Dameng Holdings Limited, an investment holding company, engages in manganese mining, ore processing, and downstream processing operations in Mainland China, Asia, Europe, North America, and internationally. The last earnings update was 72 days ago. More info.


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  • CITIC Dameng Holdings has significant price volatility in the past 3 months.
00D Share Price and Events
7 Day Returns
4.8%
DB:00D
3.7%
DE Metals and Mining
1.6%
DE Market
1 Year Returns
9.4%
DB:00D
-40.6%
DE Metals and Mining
-7.4%
DE Market
00D Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
CITIC Dameng Holdings (00D) 4.8% -2.1% -4.6% 9.4% 12.7% -11.4%
DE Metals and Mining 3.7% 0.1% -4.2% -40.6% -22.2% -33.8%
DE Market 1.6% 1.9% 2.6% -7.4% 14.7% 9.4%
1 Year Return vs Industry and Market
  • 00D outperformed the Metals and Mining industry which returned -40.6% over the past year.
  • 00D outperformed the Market in Germany which returned -7.4% over the past year.
Price Volatility
00D
Industry
5yr Volatility vs Market

00D Value

 Is CITIC Dameng 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 CITIC Dameng 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 CITIC Dameng Holdings.

DB:00D Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 13.5%
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:00D
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6.7%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 1.04
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.035 (1 + (1- 25%) (310.53%))
2.64
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (2 * 6.65%)
13.53%

Discounted Cash Flow Calculation for DB:00D using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for CITIC Dameng 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:00D DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 13.53%)
2019 27.45 Est @ -73.88% 24.18
2020 13.27 Est @ -51.65% 10.30
2021 8.48 Est @ -36.08% 5.80
2022 6.35 Est @ -25.19% 3.82
2023 5.23 Est @ -17.56% 2.77
2024 4.59 Est @ -12.23% 2.14
2025 4.20 Est @ -8.49% 1.73
2026 3.96 Est @ -5.87% 1.43
2027 3.80 Est @ -4.04% 1.21
2028 3.69 Est @ -2.76% 1.04
Present value of next 10 years cash flows HK$54.43
DB:00D DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= HK$3.69 × (1 + 0.23%) ÷ (13.53% – 0.23%)
HK$27.81
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$27.81 ÷ (1 + 13.53%)10
HK$7.82
DB:00D Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$54.43 + HK$7.82
HK$62.25
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$62.25 / 3,428.46
HK$0.02
DB:00D Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:00D represents 0.09073x of SEHK:1091
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.09073x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 0.02 x 0.09073
€0.00
Value per share (EUR) From above. €0.00
Current discount Discount to share price of €0.04
= -1 x (€0.04 - €0.00) / €0.00
-2158.1%

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

  • The current share price of CITIC Dameng Holdings is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 CITIC Dameng Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are CITIC Dameng Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:00D PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in HKD HK$0.10
SEHK:1091 Share Price ** SEHK (2019-06-21) in HKD HK$0.41
Europe Metals and Mining Industry PE Ratio Median Figure of 105 Publicly-Listed Metals and Mining Companies 10.09x
Germany Market PE Ratio Median Figure of 425 Publicly-Listed Companies 19.87x

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

** Primary Listing of CITIC Dameng Holdings.

DB:00D PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1091 Share Price ÷ EPS (both in HKD)

= 0.41 ÷ 0.10

4.25x

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

  • CITIC Dameng Holdings is good value based on earnings compared to the Europe Metals and Mining industry average.
  • CITIC Dameng Holdings is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does CITIC Dameng Holdings's expected growth come at a high price?
Raw Data
DB:00D PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.25x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
9.1%per year
Europe Metals and Mining Industry PEG Ratio Median Figure of 64 Publicly-Listed Metals and Mining Companies 0.67x
Germany Market PEG Ratio Median Figure of 271 Publicly-Listed Companies 1.46x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for CITIC Dameng Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on CITIC Dameng Holdings's assets?
Raw Data
DB:00D PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in HKD HK$0.90
SEHK:1091 Share Price * SEHK (2019-06-21) in HKD HK$0.41
Germany Metals and Mining Industry PB Ratio Median Figure of 7 Publicly-Listed Metals and Mining Companies 3.25x
Germany Market PB Ratio Median Figure of 575 Publicly-Listed Companies 1.8x
DB:00D PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1091 Share Price ÷ Book Value per Share (both in HKD)

= 0.41 ÷ 0.90

0.45x

* Primary Listing of CITIC Dameng Holdings.

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

  • CITIC Dameng Holdings is good value based on assets compared to the DE Metals and Mining industry average.
X
Value checks
We assess CITIC Dameng 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 Metals and Mining 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 Metals and Mining industry average (and greater than 0)? (1 check)
  5. CITIC Dameng Holdings has a total score of 3/6, 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.

00D Future Performance

 How is CITIC Dameng Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover CITIC Dameng Holdings, future earnings growth has been estimated based on fundamentals.
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
9.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is CITIC Dameng Holdings expected to grow at an attractive rate?
  • CITIC Dameng Holdings's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • CITIC Dameng Holdings's earnings growth is positive but not above the Germany market average.
  • Unable to compare CITIC Dameng Holdings's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:00D Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:00D Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 9.1%
Germany Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 46.1%
Europe Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 1.5%
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:00D Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:00D Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-12-31 6,736 450 331
2018-09-30 6,622 417 244
2018-06-30 6,508 384 157
2018-03-31 6,250 270 149
2017-12-31 5,991 157 141
2017-09-30 5,355 193 130
2017-06-30 4,719 229 119
2017-03-31 3,983 678 16
2016-12-31 3,248 1,126 -88
2016-09-30 2,845 803 -450
2016-06-30 2,441 479 -812
2016-03-31 2,479 298 -884

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • CITIC Dameng Holdings's earnings are expected to grow by 9.1% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if CITIC Dameng Holdings is high growth as no revenue estimate data is available.
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:00D 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 0 Analyst Estimates (S&P Global) See Below

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

DB:00D Past Financials Data
Date (Data in HKD Millions) EPS *
2018-12-31 0.10
2018-09-30 0.07
2018-06-30 0.05
2018-03-31 0.04
2017-12-31 0.04
2017-09-30 0.04
2017-06-30 0.03
2017-03-31 0.00
2016-12-31 -0.03
2016-09-30 -0.13
2016-06-30 -0.24
2016-03-31 -0.27

*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.
  • Unable to establish if CITIC Dameng Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess CITIC Dameng 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.
CITIC Dameng 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.

00D Past Performance

  How has CITIC Dameng 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 CITIC Dameng Holdings's growth in the last year to its industry (Metals and Mining).
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.
  • CITIC Dameng Holdings has delivered over 20% year on year earnings growth in the past 5 years.
  • CITIC Dameng Holdings's 1-year earnings growth exceeds its 5-year average (135% vs 39.1%)
  • CITIC Dameng Holdings's earnings growth has exceeded the Europe Metals and Mining industry average in the past year (135% vs 1.8%).
Earnings and Revenue History
CITIC Dameng 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 CITIC Dameng Holdings Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:00D 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 6,736.23 330.93 560.15
2018-09-30 6,622.03 243.83 506.10
2018-06-30 6,507.83 156.73 452.05
2018-03-31 6,249.63 148.79 434.92
2017-12-31 5,991.44 140.85 417.80
2017-09-30 5,355.12 130.08 442.73
2017-06-30 4,718.80 119.30 467.66
2017-03-31 3,983.46 15.69 468.33
2016-12-31 3,248.11 -87.91 469.00
2016-09-30 2,844.79 -450.11 491.96
2016-06-30 2,441.47 -812.30 514.93
2016-03-31 2,479.24 -884.15 548.40
2015-12-31 2,517.00 -956.01 581.87
2015-09-30 2,833.62 -563.55 565.93
2015-06-30 3,150.24 -171.10 549.98
2015-03-31 3,172.38 -77.81 548.25
2014-12-31 3,194.52 15.49 546.51
2014-09-30 3,049.65 -116.14 547.84
2014-06-30 2,904.78 -247.78 549.17
2014-03-31 2,910.27 -245.51 549.23
2013-12-31 2,915.76 -243.25 549.29
2013-09-30 2,885.12 -311.29 574.40
2013-06-30 2,854.49 -379.33 599.52
2013-03-31 2,920.47 -388.11 598.33
2012-12-31 2,986.44 -396.88 597.14
2012-09-30 3,243.06 -237.83 563.73
2012-06-30 3,499.67 -78.77 530.32

*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.
  • CITIC Dameng Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • CITIC Dameng Holdings used its assets less efficiently than the Europe Metals and Mining industry average last year based on Return on Assets.
  • CITIC Dameng Holdings has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess CITIC Dameng 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 Metals and Mining 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.
CITIC Dameng 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.

00D Health

 How is CITIC Dameng 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 CITIC Dameng Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • CITIC Dameng Holdings's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • CITIC Dameng Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of CITIC Dameng 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 1.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

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

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

All data from CITIC Dameng Holdings Company Filings, last reported 5 months ago.

DB:00D Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 3,166.48 4,365.07 1,561.64
2018-09-30 3,166.48 4,365.07 1,561.64
2018-06-30 3,044.12 4,708.72 1,404.16
2018-03-31 3,044.12 4,708.72 1,404.16
2017-12-31 2,967.10 3,748.20 916.25
2017-09-30 2,967.10 3,748.20 916.25
2017-06-30 2,795.30 4,422.11 1,338.26
2017-03-31 2,795.30 4,422.11 1,338.26
2016-12-31 2,673.87 3,886.90 1,379.21
2016-09-30 2,673.87 3,886.90 1,379.21
2016-06-30 2,757.75 3,838.93 870.11
2016-03-31 2,757.75 3,838.93 870.11
2015-12-31 2,999.64 4,732.00 1,488.38
2015-09-30 2,999.64 4,732.00 1,488.38
2015-06-30 3,647.32 5,005.82 1,975.48
2015-03-31 3,647.32 5,005.82 1,975.48
2014-12-31 3,592.68 4,441.39 1,531.42
2014-09-30 3,592.68 4,441.39 1,531.42
2014-06-30 3,522.56 4,334.10 1,643.51
2014-03-31 3,522.56 4,334.10 1,643.51
2013-12-31 3,679.32 3,869.29 1,618.27
2013-09-30 3,679.32 3,869.29 1,618.27
2013-06-30 3,834.20 4,365.21 2,367.58
2013-03-31 3,834.20 4,365.21 2,367.58
2012-12-31 3,912.47 3,828.51 2,208.82
2012-09-30 3,912.47 3,828.51 2,208.82
2012-06-30 4,175.62 3,059.41 1,821.59
  • CITIC Dameng Holdings's level of debt (137.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (105.4% vs 137.9% today).
  • Debt is not well covered by operating cash flow (10.3%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.4x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess CITIC Dameng 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. CITIC Dameng Holdings has a total score of 1/6, 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.

00D Dividends

 What is CITIC Dameng 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
2.44%
Current annual income from CITIC Dameng Holdings dividends.
If you bought €2,000 of CITIC Dameng Holdings shares you are expected to receive €49 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?
  • CITIC Dameng Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.45%).
  • CITIC Dameng Holdings's dividend is below the markets top 25% of dividend payers in Germany (3.83%).
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:00D 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 0 Analyst Estimates (S&P Global) See Below
Germany Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 1.9%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3.1%
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 3.8%

Industry and Market average data is calculated daily.

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

DB:00D Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2019-05-24 0.010 2.479
2013-09-25 0.000 0.000
2013-08-21 0.000 0.000
2013-03-28 0.000 0.000
2013-02-21 0.000 0.000
2012-03-01 0.010 1.125

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

  • CITIC Dameng Holdings has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • CITIC Dameng Holdings has only been paying a dividend for 7 years, and since then there has been no growth.
Current Payout to shareholders
What portion of CITIC Dameng Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (9.7x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess CITIC Dameng 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 CITIC Dameng Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. CITIC Dameng Holdings has a total score of 2/6, see the detailed checks below.


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

00D Management

 What is the CEO of CITIC Dameng 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
Bo Yin
COMPENSATION HK$8,565,000
AGE 56
TENURE AS CEO 2.8 years
CEO Bio

Dr. Yin Bo has been the Chief Executive Officer of CITIC Dameng Holdings Limited since September 30, 2016. Dr. Yin served as Vice President at CITIC Dameng Holdings Limited since April 12, 2013 until October 19, 2015. Previously, Dr. Yin served as Deputy Director of general office of Shandong Provincial Government of People's Republic of China ("PRC"). He also held various positions in Shandong Provincial Government of the PRC. Dr. Yin has extensive experience in management. He serves as Chairman of Guizhou Zunyi Hui Xing Ferroalloy Limited. He has been the Chairman of CITIC Dameng Holdings Limited since October 19, 2015. He served as the Chairman of China Polymetallic Mining Limited from August 25, 2015 to September 18, 2015. He serves as Chairman of China Polymetallic Mining Limited. He serves as a Director of CITIC Dameng Mining Industries Co., Limited. He has been Executive Director of CITIC Dameng Holdings Limited since April 12, 2013. He has been Non-Executive Director at China Polymetallic Mining Limited since June 12, 2017. He served as an Executive Director at China Polymetallic Mining Limited from August 19, 2015 to September 18, 2015. Dr. Yin graduated from Shandong Industrial College (now known as Shandong University) with a Bachelor of Science in Electronics in 1982 and University of Hull with a Master's Degree in Business Administration in 1997. He also obtained a Doctorate Degree in Law in Shandong University in 2002.

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

Bo Yin

TITLE
Chairman & CEO
COMPENSATION
HK$9M
AGE
56
TENURE
2.8 yrs

Weijian Li

TITLE
Executive Vice Chairman of the Board
COMPENSATION
HK$8M
AGE
56

Wai Yip Lau

TITLE
Company Secretary & CFO
AGE
55
TENURE
9.4 yrs
Board of Directors Tenure

Average tenure and age of the CITIC Dameng Holdings board of directors in years:

4.5
Average Tenure
56
Average Age
  • The tenure for the CITIC Dameng Holdings board of directors is about average.
Board of Directors

Weijian Li

TITLE
Executive Vice Chairman of the Board
COMPENSATION
HK$8M
AGE
56
TENURE
9.4 yrs

Zhuzhong Tan

TITLE
Independent Non-Executive Director
AGE
79
TENURE
9.4 yrs

Bo Yin

TITLE
Chairman & CEO
COMPENSATION
HK$9M
AGE
56
TENURE
3.7 yrs

Zhijun Lin

TITLE
Independent Non-Executive Director
COMPENSATION
HK$300K
AGE
63
TENURE
2.7 yrs

Jiqiu Chen

TITLE
Non-Executive Director
COMPENSATION
HK$2M
AGE
60
TENURE
9.4 yrs

Zhengang Suo

TITLE
Non-Executive Director
COMPENSATION
HK$300K
AGE
56
TENURE
4.5 yrs

Yanzheng Lyn

TITLE
Non-Executive Director
COMPENSATION
HK$300K
AGE
51
TENURE
2.6 yrs

Zhihong Wang

TITLE
Independent Non-Executive Director
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 CITIC Dameng 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. CITIC Dameng 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.

00D News

Simply Wall St News

00D Company Info

Description

CITIC Dameng Holdings Limited, an investment holding company, engages in manganese mining, ore processing, and downstream processing operations in Mainland China, Asia, Europe, North America, and internationally. It operates through four segments: Manganese Mining and Ore Processing, EMM and Alloying Materials, Battery Materials, and Other business. The Manganese Mining and Ore Processing segment mines and produces manganese products, including manganese concentrate, and natural discharging manganese powder and sand. It has interests in the Daxin mine located to the west of Daxin County in Guangxi; the Tiandeng mine located to the north of Tiandeng County in Guangxi; the Waifu manganese mine located in Jingxi, Guangxi; the Changgou manganese mine located in Guizhou; and the Bembélé manganese mine located to the north of Ndjole town in the Moyen-Ogooue Province of Gabon. The EMM and Alloying Materials segment is involved in the hydrometallurgical and pyrometallurgical processing activities for the production of electrolytic manganese metal (EMM), manganese briquette, and silicomanganese alloys. The Battery Materials segment manufacture and sale of battery materials products, including Electrolytic Manganese Dioxide (“EMD”), manganese sulfate, lithium manganese oxide, lithium nickel cobalt manganese oxide, and lithium cobalt oxide. The Others segment trades in various commodities, such as manganese ores, EMM, manganese alloys, non-manganese metals, and related raw materials, as well as sells scraps, and rents investment properties and leasehold lands. It also manufactures and sells equipment, develops properties, and produces sulphuric acid and steam. The company was founded in 2005 and is headquartered in Wanchai, Hong Kong.

Details
Name: CITIC Dameng Holdings Limited
00D
Exchange: DB
Founded: 2005
HK$158,961,298
3,428,459,000
Website: http://www.dameng.citic.com
Address: CITIC Dameng Holdings Limited
28 Hennessy Road,
23rd Floor,
Wanchai,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1091 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 18. Nov 2010
DB 00D Ordinary Shares Deutsche Boerse AG DE EUR 18. Nov 2010
Number of employees
Current staff
Staff numbers
7,569
CITIC Dameng Holdings employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/23 21:27
End of day share price update: 2019/06/21 00:00
Last earnings filing: 2019/04/12
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.