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Chanjet Information Technology

DB:C7D
Snowflake Description

Very undervalued with flawless balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
C7D
DB
HK$2B
Market Cap
  1. Home
  2. DE
  3. Software
Company description

Chanjet Information Technology Company Limited provides software and other related services to micro and small-scale enterprises (MSEs) in Mainland China. The last earnings update was 9 days ago. More info.


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C7D Share Price and Events
7 Day Returns
3.5%
DB:C7D
1.1%
DE Software
1.8%
DE Market
1 Year Returns
-21.5%
DB:C7D
15.3%
DE Software
-6%
DE Market
C7D Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Chanjet Information Technology (C7D) 3.5% -1.7% 21.6% -21.5% -18.4% -
DE Software 1.1% 0.7% 9% 15.3% 44.3% 84.1%
DE Market 1.8% 4.6% 7.4% -6% 10.1% 15.3%
1 Year Return vs Industry and Market
  • C7D underperformed the Software industry which returned 15.3% over the past year.
  • C7D underperformed the Market in Germany which returned -6% over the past year.
Price Volatility
C7D
Industry
5yr Volatility vs Market
Related Companies

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

Value

 Is Chanjet Information Technology 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 Chanjet Information Technology 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 Chanjet Information Technology.

DB:C7D 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 6.7%
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:C7D
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 1.13
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.134 (1 + (1- 25%) (0%))
1.09
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.09
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.09 * 5.96%)
6.72%

Discounted Cash Flow Calculation for DB:C7D using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Chanjet Information Technology 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:C7D DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 6.72%)
2019 193.09 Est @ 7.15% 180.93
2020 202.88 Est @ 5.07% 178.13
2021 210.22 Est @ 3.62% 172.95
2022 215.69 Est @ 2.6% 166.27
2023 219.77 Est @ 1.89% 158.74
2024 222.82 Est @ 1.39% 150.82
2025 225.14 Est @ 1.04% 142.79
2026 226.94 Est @ 0.8% 134.86
2027 228.36 Est @ 0.63% 127.16
2028 229.52 Est @ 0.51% 119.76
Present value of next 10 years cash flows CN¥1,532.41
DB:C7D DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CN¥229.52 × (1 + 0.23%) ÷ (6.72% – 0.23%)
CN¥3,542.65
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥3,542.65 ÷ (1 + 6.72%)10
CN¥1,848.44
DB:C7D Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥1,532.41 + CN¥1,848.44
CN¥3,380.85
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥3,380.85 / 217.18
CN¥144.4
DB:C7D Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:1588)
1.169
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥15.57 x 1.169
HK$18.2
Non-primary Listing Adjustment Factor 1 share in DB:C7D represents 0.10781x of SEHK:1588
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.10781x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 18.20 x 0.10781
€1.96
Value per share (EUR) From above. €1.96
Current discount Discount to share price of €1.09
= -1 x (€1.09 - €1.96) / €1.96
44.4%

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

Current Discount
Amount off the current price Chanjet Information Technology is available for.
Intrinsic value
44%
Share price is €1.09 vs Future cash flow value of €1.96
Current Discount Checks
For Chanjet Information Technology to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Chanjet Information Technology's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Chanjet Information Technology'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 Chanjet Information Technology's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Chanjet Information Technology's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:C7D PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥0.51
SEHK:1588 Share Price ** SEHK (2019-04-18) in HKD HK$10.12
SEHK:1588 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.855 CN¥8.65
Germany Software Industry PE Ratio Median Figure of 22 Publicly-Listed Software Companies 36.7x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.59x

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

** Primary Listing of Chanjet Information Technology.

DB:C7D PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1588 Share Price ÷ EPS (both in CNY)

= 8.65 ÷ 0.51

16.96x

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

  • Chanjet Information Technology is good value based on earnings compared to the DE Software industry average.
  • Chanjet Information Technology is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Chanjet Information Technology's expected growth come at a high price?
Raw Data
DB:C7D PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.96x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
35.9%per year
Germany Software Industry PEG Ratio Median Figure of 14 Publicly-Listed Software Companies 2.8x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

DB:C7D PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 16.96x ÷ 35.9%

0.47x

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

  • Chanjet Information Technology is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Chanjet Information Technology's assets?
Raw Data
DB:C7D PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥6.19
SEHK:1588 Share Price * SEHK (2019-04-18) in HKD HK$10.12
SEHK:1588 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.855 CN¥8.65
Germany Software Industry PB Ratio Median Figure of 34 Publicly-Listed Software Companies 2.93x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.84x
DB:C7D PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1588 Share Price ÷ Book Value per Share (both in CNY)

= 8.65 ÷ 6.19

1.4x

* Primary Listing of Chanjet Information Technology.

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

  • Chanjet Information Technology is good value based on assets compared to the DE Software industry average.
X
Value checks
We assess Chanjet Information Technology'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. Chanjet Information Technology 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.

Future Performance

 How is Chanjet Information Technology 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
35.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Chanjet Information Technology expected to grow at an attractive rate?
  • Chanjet Information Technology's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Chanjet Information Technology's earnings growth is expected to exceed the Germany market average.
  • Chanjet Information Technology's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:C7D Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:C7D Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 35.9%
DB:C7D Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 26.2%
Germany Software Industry Earnings Growth Rate Market Cap Weighted Average 11.9%
Germany Software Industry Revenue Growth Rate Market Cap Weighted Average 7.7%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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:C7D Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 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:C7D Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 689 156 227 2
2019-12-31 464 509 167 1
DB:C7D Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 429 197 107
2018-09-30 447 197 186
2018-06-30 465 196 266
2018-03-31 482 190 245
2017-12-31 499 183 225
2017-09-30 488 121 95
2017-06-30 477 59 -35
2017-03-31 454 38 -79
2016-12-31 431 17 -123
2016-09-30 410 36 -145
2016-06-30 390 55 -168
2016-03-31 368 55 -120

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Chanjet Information Technology's earnings are expected to grow significantly at over 20% yearly.
  • Chanjet Information Technology's revenue is expected to grow significantly at over 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:C7D Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Chanjet Information Technology Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:C7D Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.32 0.32 0.32 1.00
2019-12-31 0.23 0.23 0.23 1.00
DB:C7D Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 0.51
2018-09-30 0.89
2018-06-30 1.28
2018-03-31 1.19
2017-12-31 1.09
2017-09-30 0.46
2017-06-30 -0.17
2017-03-31 -0.39
2016-12-31 -0.61
2016-09-30 -0.72
2016-06-30 -0.83
2016-03-31 -0.58

*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.
  • Chanjet Information Technology is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Chanjet Information Technology'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.
Chanjet Information Technology 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.

Past Performance

  How has Chanjet Information Technology 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 Chanjet Information Technology'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.
  • Chanjet Information Technology's year on year earnings growth rate has been positive over the past 5 years.
  • Chanjet Information Technology's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Chanjet Information Technology's 1-year earnings growth is negative, it can't be compared to the DE Software industry average.
Earnings and Revenue History
Chanjet Information Technology'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 Chanjet Information Technology Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:C7D Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 428.94 106.81 291.19 107.31
2018-09-30 447.16 186.24 303.40 97.64
2018-06-30 465.38 265.66 315.61 87.96
2018-03-31 481.99 245.29 320.21 97.66
2017-12-31 498.60 224.91 324.80 107.36
2017-09-30 487.69 95.05 335.99 127.03
2017-06-30 476.79 -34.82 347.17 146.71
2017-03-31 453.78 -78.72 373.22 152.80
2016-12-31 430.78 -122.61 399.26 158.88
2016-09-30 410.39 -145.14 426.99 155.83
2016-06-30 389.99 -167.66 454.71 152.79
2016-03-31 367.90 -120.14 401.52 139.06
2015-12-31 345.80 -72.62 348.33 125.33
2015-09-30 342.41 5.38 287.81 109.82
2015-06-30 339.03 83.38 227.28 94.31
2015-03-31 337.05 92.51 218.93 84.62
2014-12-31 335.08 101.64 210.57 74.93
2014-09-30 335.22 108.19 198.58 69.18
2014-06-30 335.37 114.74 186.59 63.43
2014-03-31 323.65 117.93 175.35 62.35
2013-12-31 311.93 121.13 164.10 61.26
2012-12-31 330.24 118.94 158.81 60.56

*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.
  • Chanjet Information Technology has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Chanjet Information Technology used its assets more efficiently than the DE Software industry average last year based on Return on Assets.
  • Chanjet Information Technology 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 Chanjet Information Technology'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.
Chanjet Information Technology 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.

Health

 How is Chanjet Information Technology'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 Chanjet Information Technology's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Chanjet Information Technology is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Chanjet Information Technology has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Chanjet Information Technology'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.
  • Chanjet Information Technology has no debt, it does not need to be covered by short term assets.
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 Chanjet Information Technology Company Filings, last reported 3 months ago.

DB:C7D Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,310.24 0.00 1,316.22
2018-09-30 1,310.24 0.00 1,316.22
2018-06-30 1,287.93 0.00 1,236.25
2018-03-31 1,287.93 0.00 1,236.25
2017-12-31 1,151.02 0.00 1,087.76
2017-09-30 1,151.02 0.00 1,087.76
2017-06-30 990.58 0.00 832.81
2017-03-31 990.58 0.00 832.81
2016-12-31 912.75 0.00 743.27
2016-09-30 912.75 0.00 743.27
2016-06-30 967.34 0.00 894.19
2016-03-31 967.34 0.00 894.19
2015-12-31 922.91 0.00 837.96
2015-09-30 922.91 0.00 837.96
2015-06-30 1,221.30 0.00 1,019.83
2015-03-31 1,221.30 0.00 1,019.83
2014-12-31 1,244.08 0.00 1,191.16
2014-09-30 1,244.08 0.00 1,191.16
2014-06-30 1,218.17 0.00 1,169.28
2014-03-31 1,218.17 0.00 1,169.28
2013-12-31 570.64 0.00 578.27
2012-12-31 532.72 0.00 586.80
  • Chanjet Information Technology has no debt.
  • Chanjet Information Technology has not taken on any debt in the past 5 years.
  • Chanjet Information Technology has no debt, it does not need to be covered by operating cash flow.
  • Chanjet Information Technology has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Chanjet Information Technology'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. Chanjet Information Technology has a total score of 6/6, 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.

Dividends

 What is Chanjet Information Technology'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
5.32%
Current annual income from Chanjet Information Technology dividends. Estimated to be 2.15% next year.
If you bought €2,000 of Chanjet Information Technology shares you are expected to receive €106 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?
  • Chanjet Information Technology's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • Chanjet Information Technology's dividend is above the markets top 25% of dividend payers in Germany (3.71%).
Upcoming dividend payment

Purchase Chanjet Information Technology 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:C7D 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 14 Stocks 1.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3%
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 3.7%

Industry and Market average data is calculated daily.

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

DB:C7D Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.22 2.00
2019-12-31 0.16 2.00
DB:C7D Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-03-15 0.460 5.231
2016-09-05 0.000 0.000
2016-08-26 0.000 0.000
2016-03-30 0.000 0.000
2016-03-18 0.000 0.000
2015-04-23 0.390 2.773
2015-03-19 0.390 2.258

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

  • Whilst dividend payments have been stable, Chanjet Information Technology has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Chanjet Information Technology only paid a dividend in the past 4 years.
Current Payout to shareholders
What portion of Chanjet Information Technology's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (5.1x coverage).
X
Income/ dividend checks
We assess Chanjet Information Technology'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 Chanjet Information Technology afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Chanjet Information Technology has a total score of 3/6, see the detailed checks below.


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

Management

 What is the CEO of Chanjet Information Technology'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
Yuchun Yang
AGE 44
TENURE AS CEO 2.3 years
CEO Bio

Mr. Yuchun Yang has been the Chief Executive Officer and President of Chanjet Information Technology Company Limited since January 9, 2017. Mr. Yang has been Executive Director of Chanjet Information Technology Company Limited since May 18, 2017. He has around 20 years of working experience in the PRC software industry. Mr. Yang joined Yonyou in August 1997, where he served different positions at the financial accounting software development department, product management headquarters and small-scale management software department. Mr. Yang served as Vice President of Chanjet and served as its General Manager of Research and Development Center from March 2010 to August 2012. From August 2012 to December 2013, Mr. Yang was the Senior Vice President of Chanjet. He served as both the Assistant President of Youyou as well as the General Manager of Yonyou's business planning and development department from January 2014 to January 2016. From January 2016 to January 2017, he served as the Vice President of Yonyou. Mr. Yang graduated from Shi Jia Zhuang University of Economics in July 1996 and obtained his bachelor degree in economics. He graduated from Peking University in July 2003 and obtained the bachelor degree in management. Later, he obtained his EMBA from Guanghua School of Management at Peking University in July 2012.

CEO Compensation
  • Insufficient data for Yuchun to compare compensation growth.
  • Insufficient data for Yuchun to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Chanjet Information Technology management team in years:

7
Average Tenure
49
Average Age
  • The average tenure for the Chanjet Information Technology management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Yuchun Yang

TITLE
CEO, President & Executive Director
AGE
44
TENURE
2.3 yrs

Zhiyong Zeng

TITLE
Vice Chairman
COMPENSATION
CN¥2M
AGE
49

Dan Zou

TITLE
CFO & Senior VP
AGE
44
TENURE
5.3 yrs

Guoping Sun

TITLE
Senior Vice President
AGE
50
TENURE
7.6 yrs

Gang Cheng

TITLE
Senior Vice President
AGE
50
TENURE
6.7 yrs

Hongtao You

TITLE
VP & Joint Company Secretary
AGE
39
TENURE
7.6 yrs

Maurice Ngai

TITLE
Joint Company Secretary
AGE
56
TENURE
7.4 yrs
Board of Directors Tenure

Average tenure and age of the Chanjet Information Technology board of directors in years:

5
Average Tenure
54
Average Age
  • The tenure for the Chanjet Information Technology board of directors is about average.
Board of Directors

Wenjing Wang

TITLE
Chairman
AGE
54
TENURE
9.1 yrs

Yuchun Yang

TITLE
CEO, President & Executive Director
AGE
44
TENURE
1.9 yrs

Zhiyong Zeng

TITLE
Vice Chairman
COMPENSATION
CN¥2M
AGE
49
TENURE
1.9 yrs

Kevin Chen

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥150K
AGE
63
TENURE
7.6 yrs

Douglas Lau

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥150K
AGE
45
TENURE
7.6 yrs

Xinping Guo

TITLE
Chairman of the Supervisory Committee
AGE
55

Chris Chen

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥50K
AGE
54
TENURE
1.6 yrs

Zhengping Wu

TITLE
Non-Executive Director
AGE
54
TENURE
9.1 yrs

Guangli Ruan

TITLE
Independent Supervisor
COMPENSATION
CN¥60K
AGE
70
TENURE
5 yrs

Yongyi Ma

TITLE
Independent Supervisor
COMPENSATION
CN¥60K
AGE
53
TENURE
5 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 (€)
19. Jul 18 Sell UBS Asset Management Company 16. Jul 18 16. Jul 18 -17,800 €1.21 €-21,569
X
Management checks
We assess Chanjet Information Technology'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. Chanjet Information Technology 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.

News

Simply Wall St News

Company Info

Description

Chanjet Information Technology Company Limited provides software and other related services to micro and small-scale enterprises (MSEs) in Mainland China. It develops cloud services, comprising Chanjet Good Accountant, an artificial intelligence technology based financial application; T+ Cloud for real-time online financial accounting, business management, and business improvement needs of small enterprises; Chanjet Good Business that offers online and offline marketing and transaction management services; Biz Chat; and Chanjet Easy Accounting Agent. The company is also involved in the technical development, consulting, transfer, service, and training of computer software, hardware, and external devices; sale of typing paper, computer consumables, computer software and hardware, and external devices, as well as provision of database and information service. In addition, it engages in the design, manufacturing, agency, and publication of advertisement. The company was formerly known as Chanjet Software Company Limited. Chanjet Information Technology Company Limited was founded in 2005 and is headquartered in Beijing, China. Chanjet Information Technology Company Limited is a subsidiary of Yonyou Network Technology Co., Ltd.

Details
Name: Chanjet Information Technology Company Limited
C7D
Exchange: DB
Founded: 2005
HK$249,128,530
217,181,666
Website: http://www.chanjet.com
Address: Chanjet Information Technology Company Limited
Building 20,
Unit D,
Beijing,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1588 Foreign Shares Foreign Listed The Stock Exchange of Hong Kong Ltd. HK HKD 26. Jun 2014
DB C7D Foreign Shares Foreign Listed Deutsche Boerse AG DE EUR 26. Jun 2014
Number of employees
Current staff
Staff numbers
929
Chanjet Information Technology employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/21 21:43
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/03/17
Last earnings filing: 2019/04/12
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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

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