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Xiwang Special Steel

DB:2XI
Snowflake Description

Very undervalued with proven track record and pays a dividend.

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

Xiwang Special Steel Company Limited, together with its subsidiaries, manufactures and sells electric arc furnace-based special steel products in China. The last earnings update was 21 days ago. More info.


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  • Xiwang Special Steel has significant price volatility in the past 3 months.
2XI Share Price and Events
7 Day Returns
-7.6%
DB:2XI
-9.6%
DE Metals and Mining
-0.2%
DE Market
1 Year Returns
-15.1%
DB:2XI
-41.3%
DE Metals and Mining
-10.3%
DE Market
2XI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Xiwang Special Steel (2XI) -7.6% -9.9% -3.3% -15.1% 111.6% 69.8%
DE Metals and Mining -9.6% -10.8% -5.5% -41.3% -24.4% -34.4%
DE Market -0.2% -2.4% 4% -10.3% 11.2% 10.8%
1 Year Return vs Industry and Market
  • 2XI outperformed the Metals and Mining industry which returned -41.3% over the past year.
  • 2XI underperformed the Market in Germany which returned -10.3% over the past year.
Price Volatility
2XI
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Xiwang Special Steel's competitors could be found in our database.

2XI Value

 Is Xiwang Special Steel 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 Xiwang Special Steel 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 Xiwang Special Steel.

DB:2XI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12%
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:2XI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
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%) (183.38%))
1.978
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.98
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.978 * 5.96%)
12.02%

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

The calculations below outline how an intrinsic value for Xiwang Special Steel 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:2XI DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 12.02%)
2019 1,282.00 Analyst x1 1,144.47
2020 1,003.00 Analyst x1 799.35
2021 941.18 Est @ -6.16% 669.62
2022 901.22 Est @ -4.25% 572.40
2023 875.05 Est @ -2.9% 496.16
2024 857.86 Est @ -1.96% 434.24
2025 846.65 Est @ -1.31% 382.59
2026 839.49 Est @ -0.85% 338.66
2027 835.09 Est @ -0.52% 300.74
2028 832.60 Est @ -0.3% 267.68
Present value of next 10 years cash flows CN¥5,405.91
DB:2XI DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CN¥832.60 × (1 + 0.23%) ÷ (12.02% – 0.23%)
CN¥7,078.92
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥7,078.92 ÷ (1 + 12.02%)10
CN¥2,275.87
DB:2XI Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥5,405.91 + CN¥2,275.87
CN¥7,681.78
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥7,681.78 / 2,268.51
CN¥31.78
DB:2XI Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:1266)
1.136
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥3.39 x 1.136
HK$3.85
Non-primary Listing Adjustment Factor 1 share in DB:2XI represents 0.10657x of SEHK:1266
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.10657x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 3.85 x 0.10657
€0.41
Value per share (EUR) From above. €0.41
Current discount Discount to share price of €0.15
= -1 x (€0.15 - €0.41) / €0.41
64.4%

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

Current Discount
Amount off the current price Xiwang Special Steel is available for.
Intrinsic value
>50%
Share price is €0.146 vs Future cash flow value of €0.40982
Current Discount Checks
For Xiwang Special Steel to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Xiwang Special Steel's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Xiwang Special Steel'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 Xiwang Special Steel's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Xiwang Special Steel's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:2XI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥0.43
SEHK:1266 Share Price ** SEHK (2019-05-20) in HKD HK$1.37
SEHK:1266 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.881 CN¥1.21
Europe Metals and Mining Industry PE Ratio Median Figure of 106 Publicly-Listed Metals and Mining Companies 8.99x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 20.17x

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

** Primary Listing of Xiwang Special Steel.

DB:2XI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1266 Share Price ÷ EPS (both in CNY)

= 1.21 ÷ 0.43

2.82x

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

  • Xiwang Special Steel is good value based on earnings compared to the Europe Metals and Mining industry average.
  • Xiwang Special Steel is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Xiwang Special Steel's expected growth come at a high price?
Raw Data
DB:2XI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 2.82x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
12.3%per year
Europe Metals and Mining Industry PEG Ratio Median Figure of 63 Publicly-Listed Metals and Mining Companies 0.61x
Germany Market PEG Ratio Median Figure of 273 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

DB:2XI PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 2.82x ÷ 12.3%

0.23x

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

  • Xiwang Special Steel is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Xiwang Special Steel's assets?
Raw Data
DB:2XI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥2.64
SEHK:1266 Share Price * SEHK (2019-05-20) in HKD HK$1.37
SEHK:1266 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.881 CN¥1.21
Germany Metals and Mining Industry PB Ratio Median Figure of 7 Publicly-Listed Metals and Mining Companies 3.02x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.78x
DB:2XI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1266 Share Price ÷ Book Value per Share (both in CNY)

= 1.21 ÷ 2.64

0.46x

* Primary Listing of Xiwang Special Steel.

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

  • Xiwang Special Steel is good value based on assets compared to the DE Metals and Mining industry average.
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Value checks
We assess Xiwang Special Steel'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. Xiwang Special Steel has a total score of 6/6, see the detailed checks below.

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

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

2XI Future Performance

 How is Xiwang Special Steel expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
12.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Xiwang Special Steel expected to grow at an attractive rate?
  • Xiwang Special Steel's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Xiwang Special Steel's earnings growth is positive but not above the Germany market average.
  • Xiwang Special Steel's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:2XI Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:2XI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 12.3%
DB:2XI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 9.7%
Germany Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 41.6%
Europe Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*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:2XI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:2XI Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 14,457 1,586 1,221 1
2019-12-31 13,000 1,970 990 1
DB:2XI Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 11,918 1,376 962
2018-09-30 12,322 2,561 1,060
2018-06-30 12,726 3,746 1,158
2018-03-31 12,544 3,017 1,028
2017-12-31 12,362 2,289 898
2017-09-30 11,094 1,395 689
2017-06-30 9,825 502 480
2017-03-31 8,696 657 406
2016-12-31 7,567 812 333
2016-09-30 7,107 827 226
2016-06-30 6,648 841 120
2016-03-31 6,700 140 145

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Xiwang Special Steel's earnings are expected to grow by 12.3% yearly, however this is not considered high growth (20% yearly).
  • Xiwang Special Steel's revenue is expected to grow by 9.7% 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:2XI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Xiwang Special Steel Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2XI Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.51 0.51 0.51 1.00
2019-12-31 0.42 0.42 0.42 1.00
DB:2XI Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 0.43
2018-09-30 0.48
2018-06-30 0.54
2018-03-31 0.49
2017-12-31 0.44
2017-09-30 0.34
2017-06-30 0.24
2017-03-31 0.20
2016-12-31 0.17
2016-09-30 0.11
2016-06-30 0.06
2016-03-31 0.07

*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.
  • Xiwang Special Steel is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Xiwang Special Steel'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.
Xiwang Special Steel has a total score of 2/6, 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.

2XI Past Performance

  How has Xiwang Special Steel 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 Xiwang Special Steel'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.
  • Xiwang Special Steel has delivered over 20% year on year earnings growth in the past 5 years.
  • Xiwang Special Steel's 1-year earnings growth is less than its 5-year average (7.1% vs 27.8%)
  • Xiwang Special Steel's earnings growth has exceeded the Europe Metals and Mining industry average in the past year (7.1% vs 4.3%).
Earnings and Revenue History
Xiwang Special Steel'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 Xiwang Special Steel Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2XI 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 11,917.54 961.55 138.36 362.74
2018-09-30 12,321.95 1,059.53 184.13 389.45
2018-06-30 12,726.36 1,157.51 229.89 416.17
2018-03-31 12,544.42 1,027.78 215.29 393.68
2017-12-31 12,362.48 898.05 200.70 371.20
2017-09-30 11,093.70 688.88 150.98 324.42
2017-06-30 9,824.91 479.70 101.27 277.65
2017-03-31 8,695.85 406.14 87.08 265.47
2016-12-31 7,566.78 332.59 72.89 253.29
2016-09-30 7,107.32 226.36 78.61 216.26
2016-06-30 6,647.86 120.13 84.32 179.23
2016-03-31 6,699.75 144.68 86.27 194.85
2015-12-31 6,751.64 169.22 88.23 210.46
2015-09-30 7,067.04 291.99 91.50 302.77
2015-06-30 7,382.43 414.75 94.78 395.08
2015-03-31 8,011.97 410.68 95.74 333.12
2014-12-31 8,641.52 406.60 96.70 271.16
2014-09-30 8,385.84 405.86 84.33 135.58
2014-06-30 8,130.17 405.12 71.95
2014-03-31 7,579.97 394.46 63.59
2013-12-31 7,029.77 383.80 55.22
2013-09-30 7,144.38 370.34 53.16
2013-06-30 7,259.00 356.89 51.09
2013-03-31 7,075.03 350.91 59.83
2012-12-31 6,891.06 344.94 68.56
2012-09-30 7,250.34 464.92 74.22
2012-06-30 7,781.19 616.49 77.83

*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.
  • Xiwang Special Steel has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Xiwang Special Steel used its assets more efficiently than the Europe Metals and Mining industry average last year based on Return on Assets.
  • Xiwang Special Steel has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Xiwang Special Steel'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.
Xiwang Special Steel 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.

2XI Health

 How is Xiwang Special Steel'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 Xiwang Special Steel's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Xiwang Special Steel's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Xiwang Special Steel's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Xiwang Special Steel's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.7x 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 Xiwang Special Steel Company Filings, last reported 4 months ago.

DB:2XI Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 5,997.18 5,018.49 1,002.65
2018-09-30 5,997.18 5,018.49 1,002.65
2018-06-30 5,610.82 3,260.53 663.03
2018-03-31 5,610.82 3,260.53 663.03
2017-12-31 5,145.65 4,310.62 164.92
2017-09-30 5,145.65 4,310.62 164.92
2017-06-30 4,338.68 5,263.11 199.99
2017-03-31 4,338.68 5,263.11 199.99
2016-12-31 4,022.33 5,262.43 124.19
2016-09-30 4,022.33 5,262.43 124.19
2016-06-30 3,861.54 4,633.33 122.69
2016-03-31 3,861.54 4,633.33 122.69
2015-12-31 3,944.97 5,196.92 311.62
2015-09-30 3,944.97 5,196.92 311.62
2015-06-30 3,993.04 4,344.58 222.79
2015-03-31 3,993.04 4,344.58 222.79
2014-12-31 3,811.40 2,701.73 138.86
2014-09-30 3,811.40 2,701.73 138.86
2014-06-30 3,309.40 3,588.39 159.22
2014-03-31 3,309.40 3,588.39 159.22
2013-12-31 3,133.57 1,942.19 98.46
2013-09-30 3,133.57 1,942.19 98.46
2013-06-30 2,933.98 2,115.99 298.77
2013-03-31 2,933.98 2,115.99 298.77
2012-12-31 2,784.60 1,808.02 370.93
2012-09-30 2,784.60 1,808.02 370.93
2012-06-30 2,606.19 1,290.00 573.84
  • Xiwang Special Steel's level of debt (83.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (62.5% vs 83.7% today).
  • Debt is well covered by operating cash flow (27.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4x coverage).
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Financial health checks
We assess Xiwang Special Steel'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. Xiwang Special Steel has a total score of 3/6, 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.

2XI Dividends

 What is Xiwang Special Steel'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
10.61%
Current annual income from Xiwang Special Steel dividends. Estimated to be 12.02% next year.
If you bought €2,000 of Xiwang Special Steel shares you are expected to receive €212 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?
  • Xiwang Special Steel's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.45%).
  • Xiwang Special Steel's dividend is above the markets top 25% of dividend payers in Germany (3.81%).
Upcoming dividend payment

Purchase Xiwang Special Steel before the 'Buy Limit' to receive their next dividend payment.

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

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:2XI 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 1 Analyst Estimates (S&P Global) See Below
Germany Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 2.2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 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:2XI Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.16 1.00
2019-12-31 0.13 1.00
DB:2XI Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-03-29 0.128 10.037
2018-04-26 0.130 9.622
2018-03-23 0.130 10.233
2016-09-26 0.000 0.000
2016-08-24 0.000 0.000
2016-04-28 0.000 0.000
2016-03-31 0.000 0.000
2015-04-24 0.015 1.686
2015-03-23 0.015 1.571
2014-04-16 0.015 1.763
2014-03-27 0.015 1.934
2013-04-15 0.015 2.001
2013-03-25 0.015 1.717
2012-03-29 0.137 12.199

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

  • Xiwang Special Steel has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Xiwang Special Steel has only been paying a dividend for 7 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Xiwang Special Steel's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.2x coverage).
X
Income/ dividend checks
We assess Xiwang Special Steel'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 Xiwang Special Steel afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Xiwang Special Steel has a total score of 4/6, see the detailed checks below.


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

2XI Management

 What is the CEO of Xiwang Special Steel'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
Jian Zhang
COMPENSATION CN¥483,000
AGE 36
TENURE AS CEO 3.6 years
CEO Bio

Mr. Jian Zhang has been the Chief Executive Officer and Executive Director at Xiwang Special Steel Company Limited since October 14, 2015. Mr. Zhang joined the production department of Shandong Xiwang Sugar Company (“Xiwang Sugar”) from February 2004 to August 2004. From August 2004 to October 2014, he held several managerial positions including Director of General Manager Office, Manager of Supply Department, Project Manager, Deputy Managers and General Managers within Xiwang Group and its subsidiaries, including Shangdong Xiwang Steel Co., Ltd., Shandong Xiwang Biochemical Technology Co., Ltd.?, Xiwang Sugar, Shandong Youhuo Fructose Co., Ltd. ?and Xiwang Pharmaceutical Company Limited. Since October 2014, he has been the General Manager of Shangdong Xiwang Special Steel Company Limited ?(“Shandong Xiwang Special Steel”), a wholly-owned subsidiary of the Company. Mr. Zhang obtained his Bachelor of Engineering from Yanbian University ?in 2004 and Master of Engineering from Qilu University of Technology ?in 2013.

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

Average tenure and age of the Xiwang Special Steel management team in years:

3.7
Average Tenure
37
Average Age
  • The tenure for the Xiwang Special Steel management team is about average.
Management Team

Jian Zhang

TITLE
CEO & Executive Director
COMPENSATION
CN¥483K
AGE
36
TENURE
3.6 yrs

Xinhu Sun

TITLE
Vice GM & Executive Director
COMPENSATION
CN¥227K
AGE
43
TENURE
16.2 yrs

Hai Li

TITLE
Deputy Finance GM of Shandong Xiwang Special Steel & Executive Director
COMPENSATION
CN¥232K
AGE
36
TENURE
3.8 yrs

Kai Hing Wong

TITLE
CFO & Company Secretary
AGE
43
TENURE
3.5 yrs

Jianxiang Wang

TITLE
Investor Relations director
AGE
34
TENURE
2.3 yrs

Zhe Hu

TITLE
Deputy General Manager of Sales Department
AGE
38
TENURE
5.8 yrs
Board of Directors Tenure

Average tenure and age of the Xiwang Special Steel board of directors in years:

5.9
Average Tenure
43.5
Average Age
  • The tenure for the Xiwang Special Steel board of directors is about average.
Board of Directors

Di Wang

TITLE
Chairman
COMPENSATION
CN¥385K
AGE
34
TENURE
4.6 yrs

Jian Zhang

TITLE
CEO & Executive Director
COMPENSATION
CN¥483K
AGE
36
TENURE
3.6 yrs

Xinhu Sun

TITLE
Vice GM & Executive Director
COMPENSATION
CN¥227K
AGE
43
TENURE
7.9 yrs

Hai Li

TITLE
Deputy Finance GM of Shandong Xiwang Special Steel & Executive Director
COMPENSATION
CN¥232K
AGE
36
TENURE
3.6 yrs

Sunny Leung

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥130K
AGE
55
TENURE
7.3 yrs

Bangguang Li

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥50K
AGE
44
TENURE
3.2 yrs

Yong Wang

TITLE
Non-Executive Director
AGE
68
TENURE
7.9 yrs

Kou Yu

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥50K
AGE
70
TENURE
7.3 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 (€)
02. Jan 19 Sell Xinhu Sun Individual 27. Dec 18 27. Dec 18 -110,000 €0.16 €-17,484
28. Dec 18 Sell Xinhu Sun Individual 24. Dec 18 24. Dec 18 -88,000 €0.16 €-13,885
22. Oct 18 Sell Xinhu Sun Individual 18. Oct 18 18. Oct 18 -200,000 €0.18 €-35,493
X
Management checks
We assess Xiwang Special Steel'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. Xiwang Special Steel 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.

2XI News

Simply Wall St News

2XI Company Info

Description

Xiwang Special Steel Company Limited, together with its subsidiaries, manufactures and sells electric arc furnace-based special steel products in China. The company operates through four segments: Ordinary Steel, Special Steel, Trading of Commodities, and By-Products. The Ordinary Steel segment produces ordinary steel products, such as rebars primarily for use in building construction and infrastructure projects; and ribbed and plain wire rods for use in making of coil, spring, electronic, and precise machinery parts. The Special Steel segment offers carbon structural steel products, including steel billets, bars, and wires primarily for buildings and infrastructures; alloy structural steel products for machineries; bearing steel wires and bars for manufacturing rollers or ball bearings for the automobile industry; and ingots, such as wide and thick slab, round, square, rhombus, and hollow ingots for the transportation, power and energy, petrochemical, oceanic engineering, and space and aeronautics, as well as weaponry industries. The Trading of Commodities segment trades in commodities, including iron ore dust, pellets, steel billets, and coke. The By-Products segment sells by-products, such as steel slag, steam, and electricity. It also purchases and sells steel scrap. The company was founded in 2003 and is headquartered in Binzhou, China. Xiwang Special Steel Company Limited is a subsidiary of Xiwang Investment Limited Company.

Details
Name: Xiwang Special Steel Company Limited
2XI
Exchange: DB
Founded: 2003
HK$354,396,899
2,268,510,999
Website: http://www.xiwangsteel.com
Address: Xiwang Special Steel Company Limited
Xiwang Industrial Area,
Zouping County,
Binzhou,
Shandong Province, China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1266 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 23. Feb 2012
DB 2XI Ordinary Shares Deutsche Boerse AG DE EUR 23. Feb 2012
Number of employees
Current staff
Staff numbers
4,276
Xiwang Special Steel employees.
Industry
Steel
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 21:49
End of day share price update: 2019/05/20 00:00
Last estimates confirmation: 2019/03/29
Last earnings filing: 2019/04/29
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.