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Sinosoft Technology Group

DB:79S
Snowflake Description

Very undervalued with high growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
79S
DB
HK$3B
Market Cap
  1. Home
  2. DE
  3. Software
Company description

Sinosoft Technology Group Limited, an investment holding company, provides software development and system integration; and sells related computer products and related services in the People's Republic of China. The last earnings update was 29 days ago. More info.


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79S Share Price and Events
7 Day Returns
-2.1%
DB:79S
1.9%
DE Software
-0.6%
DE Market
1 Year Returns
-35.7%
DB:79S
17.7%
DE Software
-10.8%
DE Market
79S Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sinosoft Technology Group (79S) -2.1% -9% -13.8% -35.7% -30.2% 54.4%
DE Software 1.9% 13.2% 20.6% 17.7% 61.8% 110.9%
DE Market -0.6% -3.3% 2.3% -10.8% 8% 8%
1 Year Return vs Industry and Market
  • 79S underperformed the Software industry which returned 17.7% over the past year.
  • 79S underperformed the Market in Germany which returned -10.8% over the past year.
Price Volatility
79S
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Sinosoft Technology Group's competitors could be found in our database.

79S Value

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

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

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

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

DB:79S Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.8%
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:79S
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Software Unlevered Beta Simply Wall St/ S&P Global 1.15
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.149 (1 + (1- 25%) (1.87%))
1.11
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.11
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.11 * 5.96%)
6.85%

Discounted Cash Flow Calculation for DB:79S using 2 Stage Free Cash Flow to Equity Model

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

DB:79S DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 6.85%)
2019 136.00 Analyst x2 127.29
2020 113.50 Analyst x2 99.42
2021 218.50 Analyst x2 179.13
2022 303.35 Est @ 38.83% 232.77
2023 386.03 Est @ 27.25% 277.22
2024 459.93 Est @ 19.15% 309.14
2025 521.89 Est @ 13.47% 328.30
2026 571.45 Est @ 9.5% 336.45
2027 609.84 Est @ 6.72% 336.04
2028 638.93 Est @ 4.77% 329.51
Present value of next 10 years cash flows CN¥2,555.27
DB:79S DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CN¥638.93 × (1 + 0.23%) ÷ (6.85% – 0.23%)
CN¥9,676.57
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥9,676.57 ÷ (1 + 6.85%)10
CN¥4,990.49
DB:79S Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥2,555.27 + CN¥4,990.49
CN¥7,545.76
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥7,545.76 / 1,222.38
CN¥55.87
DB:79S Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:1297)
1.136
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥6.17 x 1.136
HK$7.01
Non-primary Listing Adjustment Factor 1 share in DB:79S represents 0.11048x of SEHK:1297
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.11048x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 7.01 x 0.11048
€0.77
Value per share (EUR) From above. €0.77
Current discount Discount to share price of €0.27
= -1 x (€0.27 - €0.77) / €0.77
64.6%

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

Current Discount
Amount off the current price Sinosoft Technology Group is available for.
Intrinsic value
>50%
Share price is €0.274 vs Future cash flow value of €0.77465
Current Discount Checks
For Sinosoft Technology Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Sinosoft Technology Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Sinosoft Technology Group's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Sinosoft Technology Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sinosoft Technology Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:79S PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥0.19
SEHK:1297 Share Price ** SEHK (2019-05-23) in HKD HK$2.48
SEHK:1297 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.88 CN¥2.18
Germany Software Industry PE Ratio Median Figure of 20 Publicly-Listed Software Companies 38.32x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 20.28x

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

** Primary Listing of Sinosoft Technology Group.

DB:79S PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1297 Share Price ÷ EPS (both in CNY)

= 2.18 ÷ 0.19

11.34x

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

  • Sinosoft Technology Group is good value based on earnings compared to the DE Software industry average.
  • Sinosoft Technology Group is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Sinosoft Technology Group's expected growth come at a high price?
Raw Data
DB:79S PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.34x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
22.8%per year
Germany Software Industry PEG Ratio Median Figure of 16 Publicly-Listed Software Companies 2.04x
Germany Market PEG Ratio Median Figure of 271 Publicly-Listed Companies 1.51x

*Line of best fit is calculated by linear regression .

DB:79S PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.34x ÷ 22.8%

0.5x

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

  • Sinosoft Technology Group is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Sinosoft Technology Group's assets?
Raw Data
DB:79S PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥1.12
SEHK:1297 Share Price * SEHK (2019-05-23) in HKD HK$2.48
SEHK:1297 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.88 CN¥2.18
Germany Software Industry PB Ratio Median Figure of 34 Publicly-Listed Software Companies 2.82x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.78x
DB:79S PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1297 Share Price ÷ Book Value per Share (both in CNY)

= 2.18 ÷ 1.12

1.96x

* Primary Listing of Sinosoft Technology Group.

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

  • Sinosoft Technology Group is good value based on assets compared to the DE Software industry average.
X
Value checks
We assess Sinosoft Technology Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Software 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 Software industry average (and greater than 0)? (1 check)
  5. Sinosoft Technology Group 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.

79S Future Performance

 How is Sinosoft Technology Group expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
22.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sinosoft Technology Group expected to grow at an attractive rate?
  • Sinosoft Technology Group's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Sinosoft Technology Group's earnings growth is expected to exceed the Germany market average.
  • Sinosoft Technology Group's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:79S Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:79S Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 22.8%
DB:79S Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 16.9%
Germany Software Industry Earnings Growth Rate Market Cap Weighted Average 22.8%
Germany Software Industry Revenue Growth Rate Market Cap Weighted Average 7.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13.2%
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:79S Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:79S Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 1,200 467 474 2
2020-12-31 1,029 332 375 2
2019-12-31 852 317 288 2
DB:79S Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 719 152 236
2018-09-30 683 150 240
2018-06-30 648 149 243
2018-03-31 625 161 236
2017-12-31 601 173 230
2017-09-30 577 194 215
2017-06-30 553 215 200
2017-03-31 536 193 196
2016-12-31 519 171 191
2016-09-30 496 141 180
2016-06-30 472 111 170
2016-03-31 454 132 165

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Sinosoft Technology Group's earnings are expected to grow significantly at over 20% yearly.
  • Sinosoft Technology Group's revenue is expected to grow by 16.9% 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:79S 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 2 Analyst Estimates (S&P Global) See Below

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

DB:79S Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.43 0.51 0.34 2.00
2020-12-31 0.34 0.41 0.27 2.00
2019-12-31 0.26 0.28 0.23 3.00
DB:79S Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 0.19
2018-09-30 0.19
2018-06-30 0.20
2018-03-31 0.19
2017-12-31 0.19
2017-09-30 0.17
2017-06-30 0.16
2017-03-31 0.16
2016-12-31 0.15
2016-09-30 0.15
2016-06-30 0.14
2016-03-31 0.13

*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.
  • Sinosoft Technology Group is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Sinosoft Technology Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the 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.
Sinosoft Technology Group has a total score of 5/6, 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.

79S Past Performance

  How has Sinosoft Technology Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Sinosoft Technology Group's growth in the last year to its industry (Software).
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.
  • Sinosoft Technology Group's year on year earnings growth rate has been positive over the past 5 years.
  • Sinosoft Technology Group's 1-year earnings growth is less than its 5-year average (2.9% vs 16.8%)
  • Sinosoft Technology Group's earnings growth has not exceeded the DE Software industry average in the past year (2.9% vs 7.2%).
Earnings and Revenue History
Sinosoft Technology Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

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

DB:79S Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 718.53 236.36 95.04 48.85
2018-09-30 683.46 239.81 93.93 44.05
2018-06-30 648.39 243.25 92.83 39.26
2018-03-31 624.70 236.46 92.96 42.28
2017-12-31 601.02 229.68 93.10 45.30
2017-09-30 577.23 214.74 86.00 52.71
2017-06-30 553.44 199.80 78.90 60.12
2017-03-31 536.19 195.60 73.43 61.17
2016-12-31 518.94 191.39 67.95 62.22
2016-09-30 495.61 180.49 69.74 61.20
2016-06-30 472.29 169.58 71.53 60.19
2016-03-31 454.42 164.56 71.59 55.19
2015-12-31 436.55 159.53 71.65 50.18
2015-09-30 410.24 152.34 65.67 43.05
2015-06-30 383.93 145.15 59.70 35.91
2015-03-31 365.89 139.84 59.94 34.70
2014-12-31 347.85 134.53 60.17 33.49
2014-09-30 328.76 125.70 61.04 32.02
2014-06-30 309.67 116.87 61.92 30.56
2014-03-31 295.25 108.90 55.04 29.51
2013-12-31 280.84 100.94 48.17 28.46
2013-09-30 270.53 98.59 43.12 29.19
2013-06-30 260.23 96.25 38.08 29.91
2013-03-31 243.48 86.24 36.88 25.29
2012-12-31 226.73 76.23 35.68 20.67

*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.
  • Sinosoft Technology Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Sinosoft Technology Group used its assets more efficiently than the DE Software industry average last year based on Return on Assets.
  • Sinosoft Technology Group has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Sinosoft Technology Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Software 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.
Sinosoft Technology Group has a total score of 3/6, 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.

79S Health

 How is Sinosoft Technology Group's financial health and their level of debt?

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

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

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sinosoft Technology Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Sinosoft Technology Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Sinosoft Technology Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 26.1x 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 Sinosoft Technology Group Company Filings, last reported 4 months ago.

DB:79S Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,368.00 50.00 196.18
2018-09-30 1,368.00 50.00 196.18
2018-06-30 1,189.89 50.00 179.77
2018-03-31 1,189.89 50.00 179.77
2017-12-31 1,180.93 0.00 244.42
2017-09-30 1,180.93 0.00 244.42
2017-06-30 1,047.41 0.00 246.21
2017-03-31 1,047.41 0.00 246.21
2016-12-31 1,035.30 0.00 279.43
2016-09-30 1,035.30 0.00 279.43
2016-06-30 922.98 0.00 325.78
2016-03-31 922.98 0.00 325.78
2015-12-31 880.34 0.00 386.12
2015-09-30 880.34 0.00 386.12
2015-06-30 777.57 0.00 347.55
2015-03-31 777.57 0.00 347.55
2014-12-31 741.00 0.00 382.24
2014-09-30 741.00 0.00 382.24
2014-06-30 652.61 0.00 344.19
2014-03-31 652.61 0.00 344.19
2013-12-31 621.91 0.00 360.17
2013-09-30 621.91 0.00 360.17
2013-06-30 243.17 80.70 34.38
2013-03-31 243.17 80.70 34.38
2012-12-31 233.40 82.31 55.18
  • Sinosoft Technology Group's level of debt (3.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 3.7% today).
  • Debt is well covered by operating cash flow (304.2%, greater than 20% of total debt).
  • Sinosoft Technology Group earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Sinosoft Technology Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Sinosoft Technology Group has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

79S Dividends

 What is Sinosoft Technology Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.92%
Current annual income from Sinosoft Technology Group dividends. Estimated to be 1.89% next year.
If you bought €2,000 of Sinosoft Technology Group shares you are expected to receive €18 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?
  • Sinosoft Technology Group's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.42%).
  • Sinosoft Technology Group's dividend is below the markets top 25% of dividend payers in Germany (3.88%).
Upcoming dividend payment

Purchase Sinosoft Technology Group 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:79S 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 2 Analyst Estimates (S&P Global) See Below
Germany Software Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 1.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
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:79S Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.05 2.00
2020-12-31 0.04 2.00
2019-12-31 0.03 2.00
DB:79S Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-04-24 0.020 0.886
2018-06-12 0.028 1.304
2017-04-25 0.023 1.125
2016-05-25 0.019 0.724
2015-05-22 0.016 0.569
2014-05-22 0.013 0.595

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

  • Sinosoft Technology Group has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Sinosoft Technology Group only paid a dividend in the past 5 years.
Current Payout to shareholders
What portion of Sinosoft Technology Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (9.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (9x coverage).
X
Income/ dividend checks
We assess Sinosoft Technology Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Sinosoft Technology Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sinosoft Technology Group 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.

79S Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Yingmei Xin
COMPENSATION CN¥2,300,000
AGE 51
CEO Bio

Ms. Yingmei Xin founded Sinosoft Technology Plc in 1998 and serves as its Chief Executive Officer. Ms. Yingmei serves as the Chairlady and Chief Executive Officer at Sinosoft Technology Group Limited. She is primarily responsible for the overall business operations and strategies and policies formulation of Sinosoft Technology Group. Ms. Xin has over 20 years of experience in the IT industry and is a Professional Senior Engineer. Prior to co-founding Nanjing Skytech in 1998, she was a technician of the National Sports Commission Information Centre from 1987 to 1992. From 1992 to 1995, she served as the General Manager of Nanjing Olympic Computer Co., Limited. From 1995 to 1998, she served as General Manager and Vice Chairlady of Honest Electronics Corporation Ltd. She has been a Director of Sinosoft Technology plc since January 17, 2006. She has been an Executive Director at Sinosoft Technology Group Limited since October 31, 2012 and served as its Director since January 6, 2011. She serves as a Director of Nanjing Skytech, Infotech Holdings, Jiangsu Skyinformation, Wuxi Skytech, Nanjing Skytech Quan Shui Tong and Zhenjiang Skyinformation. She serves as a Director of Sinosoft UK. She served as a Professional Senior Engineer by Professional Senior Qualification Accredition Committee of Jiangsu Province since November 25, 2010. She is a Member of the Twelve Chinese People's Political Consultative Conference and has won several awards for her achievements including National Key Personnel in the Promotion of the Software Industry, National Outstanding Entrepreneur in the Software Industry and Jiangsu Province Outstanding Entrepreneur in the Software Industry. She holds an Master's Degree in Business Administration from Nanjing University in September 2008.

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

Yingmei Xin

TITLE
Chairlady & CEO
COMPENSATION
CN¥2M
AGE
51

Hui Su

TITLE
CFO & Executive Director
AGE
38
TENURE
0.3 yrs

Fang Xu

TITLE
Head of Human Resource Department
AGE
47

Xiaogang Wang

TITLE
Senior Vice President
AGE
55

Li Huiling Lee

TITLE
Co-Head of Internal Audit Department
AGE
44

Sulin Ding

TITLE
Co-Head of Internal Audit Department
AGE
61

Maurice Ngai

TITLE
Company Secretary
AGE
56
Board of Directors Tenure

Average tenure and age of the Sinosoft Technology Group board of directors in years:

6.6
Average Tenure
52.5
Average Age
  • The tenure for the Sinosoft Technology Group board of directors is about average.
Board of Directors

Yingmei Xin

TITLE
Chairlady & CEO
COMPENSATION
CN¥2M
AGE
51

Hui Su

TITLE
CFO & Executive Director
AGE
38
TENURE
0.3 yrs

Choon Kang

TITLE
Independent Non Executive Director
COMPENSATION
CN¥149K
AGE
54
TENURE
6.6 yrs

Walter Kwauk

TITLE
Independent Non Executive Director
COMPENSATION
CN¥149K
AGE
65
TENURE
6.6 yrs

Ping Zong

TITLE
Independent Non Executive Director
COMPENSATION
CN¥100K
AGE
61
TENURE
6.6 yrs

Simon Hu

TITLE
Non-Executive Director
AGE
48
TENURE
2.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Sinosoft Technology Group insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
30. Apr 19 Buy FIL Limited Company 25. Apr 19 25. Apr 19 280,000 €0.32 €89,737
17. Apr 19 Buy Yingmei Xin Individual 17. Apr 19 17. Apr 19 200,000 €0.31 €62,708
18. Apr 19 Buy Yingmei Xin Individual 18. Apr 19 18. Apr 19 200,000 €0.32 €63,880
03. Apr 19 Buy Yingmei Xin Individual 03. Apr 19 03. Apr 19 200,000 €0.33 €66,984
28. Mar 19 Buy Yingmei Xin Individual 28. Mar 19 28. Mar 19 160,000 €0.30 €48,658
27. Mar 19 Buy Yingmei Xin Individual 27. Mar 19 27. Mar 19 160,000 €0.30 €48,091
26. Mar 19 Buy Yingmei Xin Individual 26. Mar 19 26. Mar 19 1,100,000 €0.30 €330,743
13. Sep 18 Buy Yingmei Xin Individual 12. Sep 18 12. Sep 18 500,000 €0.25 €125,332
12. Sep 18 Buy Yingmei Xin Individual 11. Sep 18 11. Sep 18 157,000 €0.25 €39,816
11. Sep 18 Buy Yingmei Xin Individual 10. Sep 18 10. Sep 18 876,000 €0.26 €224,695
X
Management checks
We assess Sinosoft Technology Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Sinosoft Technology Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


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

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

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

79S News

Simply Wall St News

79S Company Info

Description

Sinosoft Technology Group Limited, an investment holding company, provides software development and system integration; and sells related computer products and related services in the People's Republic of China. It operates through Tax Software and Related Services, e-Government Solutions, Carbon Management Solutions, and System Integration Solutions segments. The company provides export tax software products, as well as export tax management consultation and training services. It also offers e-government solutions and products that are used by government agencies at various administrative levels, including the ministerial, provincial, municipal, and district levels. In addition, the company provides carbon management solutions that enable government agencies or enterprises to audit, calculate, and control their greenhouse gas emissions and energy consumption. Further, it offers system integration solutions to government agencies, including information systems consultation and feasibility analysis; sourcing of systems and equipment; LAN and Web-based network design and implementation; analysis, planning, and design of integrated wiring and network system; design and implementation of video conferencing and multimedia education system; and system management and supervision. It has a strategic cooperative agreement with Ping An Technology (Shenzhen) Co., Ltd. The company was incorporated in 2011 and is headquartered in Nanjing, China.

Details
Name: Sinosoft Technology Group Limited
79S
Exchange: DB
Founded: 2011
HK$345,861,732
1,222,384,600
Website: http://www.sinosoft-technology.com
Address: Sinosoft Technology Group Limited
No. 26 Tianpu Road,
Jiangpu Street,
Nanjing,
Jiangsu Province, China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1297 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 09. Jul 2013
DB 79S Ordinary Shares Deutsche Boerse AG DE EUR 09. Jul 2013
Number of employees
Current staff
Staff numbers
730
Sinosoft Technology Group employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/23 22:09
End of day share price update: 2019/05/23 00:00
Last estimates confirmation: 2019/04/02
Last earnings filing: 2019/04/24
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.