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Silver Grant International Industries

DB:YSG
Snowflake Description

Proven track record and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
YSG
DB
HK$4B
Market Cap
  1. Home
  2. DE
  3. Materials
Company description

Silver Grant International Industries Limited, an investment holding company, engages in property investment and securities trading activities in the People’s Republic of China. The last earnings update was 179 days ago. More info.


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YSG Share Price and Events
7 Day Returns
3.5%
DB:YSG
1%
DE Chemicals
1.3%
DE Market
1 Year Returns
16.3%
DB:YSG
-13.5%
DE Chemicals
-7.6%
DE Market
YSG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Silver Grant International Industries (YSG) 3.5% -0.6% 10.6% 16.3% 67.9% 114.5%
DE Chemicals 1% 1.4% 10.7% -13.5% 14.9% 4.7%
DE Market 1.3% 2.8% 7.5% -7.6% 9.3% 13.3%
1 Year Return vs Industry and Market
  • YSG outperformed the Chemicals industry which returned -13.5% over the past year.
  • YSG outperformed the Market in Germany which returned -7.6% over the past year.
Price Volatility
YSG
Industry
5yr Volatility vs Market

YSG Value

 Is Silver Grant International Industries 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 Silver Grant International Industries 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    Our intrinsic value calculation method has changed recently, learn more here.

Below are the data sources, inputs and calculation used to determine the intrinsic value for Silver Grant International Industries.

DB:YSG 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 9.7%
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:YSG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6.7%
Chemicals Unlevered Beta Simply Wall St/ S&P Global 0.97
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.975 (1 + (1- 25%) (91.48%))
1.431
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.43
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.431 * 6.65%)
9.74%

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

The calculations below outline how an intrinsic value for Silver Grant International Industries 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:YSG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 9.74%)
2019 59.30 Est @ -54.12% 54.03
2020 36.87 Est @ -37.82% 30.62
2021 27.14 Est @ -26.4% 20.53
2022 22.14 Est @ -18.41% 15.26
2023 19.30 Est @ -12.82% 12.13
2024 17.58 Est @ -8.91% 10.06
2025 16.50 Est @ -6.17% 8.61
2026 15.80 Est @ -4.25% 7.51
2027 15.34 Est @ -2.91% 6.64
2028 15.04 Est @ -1.97% 5.93
Present value of next 10 years cash flows HK$171.32
DB:YSG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= HK$15.04 × (1 + 0.23%) ÷ (9.74% – 0.23%)
HK$158.37
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$158.37 ÷ (1 + 9.74%)10
HK$62.49
DB:YSG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$171.32 + HK$62.49
HK$233.82
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$233.82 / 2,304.85
HK$0.01
DB:YSG Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:YSG represents 0.10788x of SEHK:171
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.10788x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 0.10 x 0.10788
€0.01
Value per share (EUR) From above. €0.01
Current discount Discount to share price of €0.18
= -1 x (€0.18 - €0.01) / €0.01
-1526.5%

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

  • The current share price of Silver Grant International Industries 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 Silver Grant International Industries's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Silver Grant International Industries's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:YSG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in HKD HK$0.13
SEHK:171 Share Price ** SEHK (2019-03-19) in HKD HK$1.65
Germany Chemicals Industry PE Ratio Median Figure of 17 Publicly-Listed Chemicals Companies 15.97x
Germany Market PE Ratio Median Figure of 423 Publicly-Listed Companies 19.26x

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

** Primary Listing of Silver Grant International Industries.

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

= SEHK:171 Share Price ÷ EPS (both in HKD)

= 1.65 ÷ 0.13

13.1x

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

  • Silver Grant International Industries is good value based on earnings compared to the DE Chemicals industry average.
  • Silver Grant International Industries is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Silver Grant International Industries's expected growth come at a high price?
Raw Data
DB:YSG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.1x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Germany Chemicals Industry PEG Ratio Median Figure of 14 Publicly-Listed Chemicals Companies 2.35x
Germany Market PEG Ratio Median Figure of 276 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 Silver Grant International Industries, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Silver Grant International Industries's assets?
Raw Data
DB:YSG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in HKD HK$3.12
SEHK:171 Share Price * SEHK (2019-03-19) in HKD HK$1.65
Germany Chemicals Industry PB Ratio Median Figure of 20 Publicly-Listed Chemicals Companies 1.73x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.76x
DB:YSG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:171 Share Price ÷ Book Value per Share (both in HKD)

= 1.65 ÷ 3.12

0.53x

* Primary Listing of Silver Grant International Industries.

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

  • Silver Grant International Industries is good value based on assets compared to the DE Chemicals industry average.
X
Value checks
We assess Silver Grant International Industries'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 Chemicals 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 Chemicals industry average (and greater than 0)? (1 check)
  5. Silver Grant International Industries 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.

YSG Future Performance

 How is Silver Grant International Industries expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Silver Grant International Industries has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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 Chemicals industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Silver Grant International Industries expected to grow at an attractive rate?
  • Unable to compare Silver Grant International Industries's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Silver Grant International Industries's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Silver Grant International Industries's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:YSG Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Chemicals Industry Earnings Growth Rate Market Cap Weighted Average 9.1%
Germany Chemicals Industry Revenue Growth Rate Market Cap Weighted Average 4.2%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.8%
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:YSG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (8 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:YSG Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
DB:YSG Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-06-30 994 129 290
2018-03-31 1,076 231 275
2017-12-31 1,157 333 260
2017-09-30 1,056 144
2017-06-30 718 292 28
2017-03-31 450 -129 -6
2016-12-31 182 -551 -40
2016-09-30 215 -62
2016-06-30 247 -326 -84
2016-03-31 286 -358 -75
2015-12-31 325 -390 -66
2015-09-30 325 -743 28

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Silver Grant International Industries is high growth as no earnings estimate data is available.
  • Unable to determine if Silver Grant International Industries 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:YSG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (8 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Silver Grant International Industries Company Filings, last reported 8 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:YSG Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
DB:YSG Past Financials Data
Date (Data in HKD Millions) EPS *
2018-06-30 0.13
2018-03-31 0.12
2017-12-31 0.11
2017-09-30 0.06
2017-06-30 0.01
2017-03-31 0.00
2016-12-31 -0.02
2016-09-30 -0.03
2016-06-30 -0.04
2016-03-31 -0.03
2015-12-31 -0.03
2015-09-30 0.01

*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 Silver Grant International Industries will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Silver Grant International Industries is trading at Silver Grant International Industries'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Silver Grant International Industries's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Materials companies here
  3. Silver Grant International Industries's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Silver Grant International Industries'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 Germany 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.
Silver Grant International Industries has a total score of 0/6, 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.

YSG Past Performance

  How has Silver Grant International Industries 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 Silver Grant International Industries's growth in the last year to its industry (Chemicals).
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.
  • Silver Grant International Industries has delivered over 20% year on year earnings growth in the past 5 years.
  • Silver Grant International Industries's 1-year earnings growth exceeds its 5-year average (953.5% vs 22.4%)
  • Silver Grant International Industries's earnings growth has exceeded the DE Chemicals industry average in the past year (953.5% vs 4.3%).
Earnings and Revenue History
Silver Grant International Industries'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 Silver Grant International Industries Company Filings, last reported 8 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:YSG Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 994.15 290.31 270.29
2018-03-31 1,075.70 275.07 282.86
2017-12-31 1,157.25 259.83 295.43
2017-09-30 1,055.83 144.25 313.10
2017-06-30 717.61 27.56 316.19
2017-03-31 449.81 -6.44 303.15
2016-12-31 182.01 -40.44 290.11
2016-09-30 214.62 -62.28 289.78
2016-06-30 247.24 -84.12 289.46
2016-03-31 286.05 -74.95 293.64
2015-12-31 324.86 -65.78 297.83
2015-09-30 324.64 28.05 326.99
2015-06-30 324.42 121.88 356.15
2015-03-31 338.28 115.62 355.86
2014-12-31 352.15 109.37 355.57
2014-09-30 355.10 101.68 297.49
2014-06-30 358.05 94.00 239.42
2014-03-31 342.91 79.48 237.26
2013-12-31 327.76 64.97 235.11
2013-09-30 387.66 39.27 232.72
2013-06-30 447.56 13.58 230.33
2013-03-31 457.03 58.68 223.20
2012-12-31 466.51 103.79 216.07
2012-09-30 479.85 213.35 210.25
2012-06-30 493.20 322.91 204.43
2012-03-31 502.64 349.25 195.18

*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.
  • Silver Grant International Industries has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Silver Grant International Industries used its assets less efficiently than the DE Chemicals industry average last year based on Return on Assets.
  • Silver Grant International Industries 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 Silver Grant International Industries'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 Chemicals 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.
Silver Grant International Industries 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.

YSG Health

 How is Silver Grant International Industries'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 Silver Grant International Industries's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Silver Grant International Industries is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Silver Grant International Industries's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Silver Grant International Industries'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 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 Silver Grant International Industries Company Filings, last reported 8 months ago.

DB:YSG Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 7,549.19 3,478.90 2,080.37
2018-03-31 7,549.19 3,478.90 2,080.37
2017-12-31 7,488.49 3,276.38 402.38
2017-09-30 7,488.49 3,276.38 402.38
2017-06-30 6,831.55 3,109.32 356.45
2017-03-31 6,831.55 3,109.32 356.45
2016-12-31 6,590.81 3,150.18 881.66
2016-09-30 6,590.81 3,150.18 881.66
2016-06-30 7,170.95 3,262.51 980.19
2016-03-31 7,170.95 3,262.51 980.19
2015-12-31 7,161.07 2,650.93 572.66
2015-09-30 7,161.07 2,650.93 572.66
2015-06-30 7,868.91 2,728.46 1,070.48
2015-03-31 7,868.91 2,728.46 1,070.48
2014-12-31 7,817.72 2,620.19 1,685.64
2014-09-30 7,817.72 2,620.19 1,685.64
2014-06-30 7,783.22 2,694.22 1,031.07
2014-03-31 7,783.22 2,694.22 1,031.07
2013-12-31 7,848.38 2,036.84 689.61
2013-09-30 7,848.38 2,036.84 689.61
2013-06-30 7,574.62 2,148.98 1,148.42
2013-03-31 7,574.62 2,148.98 1,148.42
2012-12-31 7,664.99 1,407.68 800.71
2012-09-30 7,664.99 1,407.68 800.71
2012-06-30 7,724.57 1,124.08 1,096.20
2012-03-31 7,724.57 1,124.08 1,096.20
  • Silver Grant International Industries's level of debt (46.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (28.3% vs 46.1% today).
  • Debt is not well covered by operating cash flow (3.7%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.8x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Silver Grant International Industries'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. Silver Grant International Industries has a total score of 2/6, 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.

YSG Dividends

 What is Silver Grant International Industries'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
0%
Current annual income from Silver Grant International Industries dividends.
If you bought €2,000 of Silver Grant International Industries shares you are expected to receive €0 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?
  • Unable to evaluate Silver Grant International Industries's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Silver Grant International Industries's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:YSG 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 Chemicals Industry Average Dividend Yield Market Cap Weighted Average of 17 Stocks 3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 331 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 3.9%

Industry and Market average data is calculated daily.

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

DB:YSG Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts
DB:YSG Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2016-09-12 0.000 0.000
2016-08-30 0.000 0.000
2016-04-27 0.000 0.000
2016-03-21 0.000 0.000
2015-05-22 0.050 4.594
2014-04-22 0.050 4.486
2013-04-25 0.050 4.619
2013-03-22 0.050 3.945
2012-04-25 0.050 3.612
2012-03-21 0.050 2.926
2011-03-21 0.100 5.034
2010-04-09 0.100 4.002
2009-04-22 0.090 5.660
2009-03-20 0.080 9.167

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

  • Unable to perform a dividend volatility check as Silver Grant International Industries has not reported any payouts.
  • Unable to verify if Silver Grant International Industries's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Silver Grant International Industries's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Silver Grant International Industries has not reported any payouts.
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 Silver Grant International Industries'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 Silver Grant International Industries afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Silver Grant International Industries has a total score of 0/6, see the detailed checks below.


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

YSG Management

 What is the CEO of Silver Grant International Industries'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
Jianmin Gao
COMPENSATION HK$7,115,000
AGE 58
TENURE AS CEO 25.8 years
CEO Bio

Mr. Jianmin Gao serves as Managing Director of Pacific Economies Development Corp. Mr. Gao serves as General Manager of International Copper. He has been Managing Director of Silver Grant International Industries Limited since June 22, 1993. He has more than 16 years of experience in finance, industrial investment and development. He has been an Executive Director of Jiangxi Copper Company Limited since January 18, 1997. He serves as a Director of International Copper. He has been an Executive Director of Silver Grant International Industries Limited since June 22, 1993. He serves as a Director of several subsidiaries of Silver Grant International Industries. He served as an Executive Director of Qingling Motors Co., Ltd. since April 28, 1994 until March 24, 2017. Mr. Gao graduated from QingHua University with a BS degree in Engineering.

CEO Compensation
  • Jianmin's compensation has been consistent with company performance over the past year.
  • Jianmin's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Silver Grant International Industries management team in years:

2.8
Average Tenure
54
Average Age
  • The tenure for the Silver Grant International Industries management team is about average.
Management Team

Jianmin Gao

TITLE
MD & Executive Director
COMPENSATION
HK$7M
AGE
58
TENURE
25.8 yrs

Ma Yilin

TITLE
Executive Director
COMPENSATION
HK$400K
AGE
54

Michael Tung

TITLE
Legal Counselor
AGE
55

Jiajue Huang

TITLE
Executive Director
AGE
47
TENURE
0.2 yrs

Zhihai Luo

TITLE
Executive Director
AGE
55
TENURE
0.2 yrs

Kenneth Chow

TITLE
Company Secretary & Deputy GM
COMPENSATION
HK$3M
AGE
51
TENURE
6.3 yrs

Yongcun Chen

TITLE
Deputy General Manager
AGE
53
TENURE
2.8 yrs
Board of Directors Tenure

Average tenure and age of the Silver Grant International Industries board of directors in years:

2.2
Average Tenure
54
Average Age
  • The average tenure for the Silver Grant International Industries board of directors is less than 3 years, this suggests a new board.
Board of Directors

Hing Tsung Chu

TITLE
Chairman of the Board
AGE
49
TENURE
0.2 yrs

Jianmin Gao

TITLE
MD & Executive Director
COMPENSATION
HK$7M
AGE
58
TENURE
25.8 yrs

Ma Yilin

TITLE
Executive Director
COMPENSATION
HK$400K
AGE
54
TENURE
2.2 yrs

Jiajue Huang

TITLE
Executive Director
AGE
47
TENURE
0.2 yrs

Zhihai Luo

TITLE
Executive Director
AGE
55
TENURE
0.2 yrs

Muk Ming Hung

TITLE
Independent Non-Executive Director
COMPENSATION
HK$300K
AGE
53
TENURE
14.3 yrs

Lu Zhang

TITLE
Independent Non Executive Director
COMPENSATION
HK$400K
AGE
66
TENURE
18.8 yrs

Qing Liang

TITLE
Independent Non-Executive Director
COMPENSATION
HK$400K
AGE
64
TENURE
5.1 yrs

Zhiwei Chen

TITLE
Non-Executive Director
AGE
34
TENURE
0.2 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. Nov 18 Buy Rong De Investments Limited Company 31. Oct 18 31. Oct 18 655,360,022 €0.35 €227,407,563
02. Nov 18 Sell Silver Grant Group Limited Company 31. Oct 18 31. Oct 18 -291,220,022 €0.35 €-101,052,297
02. Nov 18 Sell China General Nuclear Power Corporation Company 31. Oct 18 31. Oct 18 -364,140,000 €0.35 €-126,355,266
14. Sep 18 Buy Rong De Investments Limited Company 12. Sep 18 12. Sep 18 3,368,000 €0.18 €610,077
12. Sep 18 Buy Rong De Investments Limited Company 10. Sep 18 10. Sep 18 2,200,000 €0.17 €378,126
13. Sep 18 Buy Rong De Investments Limited Company 11. Sep 18 11. Sep 18 1,042,000 €0.18 €182,920
11. Sep 18 Buy Rong De Investments Limited Company 07. Sep 18 07. Sep 18 1,370,000 €0.17 €236,555
10. Sep 18 Buy Rong De Investments Limited Company 06. Sep 18 06. Sep 18 1,400,000 €0.18 €246,848
06. Sep 18 Buy Rong De Investments Limited Company 04. Sep 18 04. Sep 18 1,810,000 €0.18 €321,938
07. Sep 18 Buy Rong De Investments Limited Company 05. Sep 18 05. Sep 18 1,000,000 €0.17 €174,843
05. Sep 18 Buy Rong De Investments Limited Company 03. Sep 18 03. Sep 18 932,000 €0.18 €165,990
05. Sep 18 Buy Rong De Investments Limited Company 31. Aug 18 31. Aug 18 1,578,000 €0.17 €275,720
03. Sep 18 Buy Rong De Investments Limited Company 30. Aug 18 30. Aug 18 1,180,000 €0.18 €212,317
31. Aug 18 Buy Rong De Investments Limited Company 29. Aug 18 29. Aug 18 1,320,000 €0.18 €244,024
30. Aug 18 Buy Rong De Investments Limited Company 28. Aug 18 28. Aug 18 680,000 €0.18 €121,566
29. Aug 18 Buy Rong De Investments Limited Company 27. Aug 18 27. Aug 18 1,000,000 €0.17 €173,961
28. Aug 18 Buy Rong De Investments Limited Company 24. Aug 18 24. Aug 18 1,570,000 €0.17 €260,787
27. Aug 18 Buy Rong De Investments Limited Company 23. Aug 18 23. Aug 18 1,000,000 €0.15 €154,773
24. Aug 18 Buy Rong De Investments Limited Company 22. Aug 18 22. Aug 18 1,000,000 €0.15 €150,673
23. Aug 18 Buy Rong De Investments Limited Company 21. Aug 18 21. Aug 18 892,000 €0.14 €125,940
22. Aug 18 Buy Rong De Investments Limited Company 20. Aug 18 20. Aug 18 1,050,000 €0.14 €142,813
21. Aug 18 Buy Rong De Investments Limited Company 17. Aug 18 17. Aug 18 1,488,000 €0.14 €202,192
X
Management checks
We assess Silver Grant International Industries'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. Silver Grant International Industries 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.

YSG News

Simply Wall St News

YSG Company Info

Description

Silver Grant International Industries Limited, an investment holding company, engages in property investment and securities trading activities in the People’s Republic of China. It operates in three divisions: Investments; Property Leasing; and Production and Trading of Petrochemical Products and Provision of Sub-Contracting Service. The company primarily invests in and develops residential and commercial properties. It also invests in environmental conservation and renewable energy projects; produces and trades in petrochemical products; and provides subcontracting services. The company is based in Wanchai, Hong Kong.

Details
Name: Silver Grant International Industries Limited
YSG
Exchange: DB
Founded:
HK$426,811,496
2,304,849,611
Website: http://www.silvergrant.com.hk
Address: Silver Grant International Industries Limited
Office Tower,
49th Floor, Suite 4901,
Wanchai,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 171 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 02. Jan 1992
DB YSG Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
563
Silver Grant International Industries employees.
Industry
Commodity Chemicals
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/19 20:58
End of day share price update: 2019/03/19 00:00
Last estimates confirmation: 2018/03/23
Last earnings filing: 2018/09/21
Last earnings reported: 2018/06/30
Last annual earnings reported: 2017/12/31


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.