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Putian Communication Group

BST:5PU
Snowflake Description

Solid track record with excellent balance sheet.

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

Putian Communication Group Limited, an investment holding company, produces and sells optical fiber cables, communication copper cables, and structured cabling system products under the Hanphy brand name in the People's Republic of China. The last earnings update was 21 days ago. More info.


Add to Portfolio Compare Print
  • Putian Communication Group has significant price volatility in the past 3 months.
5PU Share Price and Events
7 Day Returns
-2.1%
BST:5PU
-9%
DE Communications
2.4%
DE Market
1 Year Returns
17.7%
BST:5PU
18.5%
DE Communications
-6.2%
DE Market
5PU Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Putian Communication Group (5PU) -2.1% -10.1% -1.7% 17.7% - -
DE Communications -9% -2.5% 23.5% 18.5% 1.8% 52.6%
DE Market 2.4% 3% 7.4% -6.2% 9.6% 14.1%
1 Year Return vs Industry and Market
  • 5PU outperformed the Market in Germany which returned -6.2% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

5PU Value

 Is Putian Communication 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
  • It is not possible to calculate the future cash flow value for Putian Communication Group. This is due to cash flow or dividend data being unavailable. The share price is €0.2742.
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 Putian Communication Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Putian Communication Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:5PU PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥0.08
SEHK:1720 Share Price ** SEHK (2019-04-18) in HKD HK$2.44
SEHK:1720 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.855 CN¥2.09
Germany Communications Industry PE Ratio Median Figure of 5 Publicly-Listed Communications Companies 27.71x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.67x

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

** Primary Listing of Putian Communication Group.

BST:5PU PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1720 Share Price ÷ EPS (both in CNY)

= 2.09 ÷ 0.08

27x

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

  • Putian Communication Group is good value based on earnings compared to the DE Communications industry average.
  • Putian Communication Group is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Putian Communication Group's expected growth come at a high price?
Raw Data
BST:5PU PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 27x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
20.6%per year
Europe Communications Industry PEG Ratio Median Figure of 13 Publicly-Listed Communications Companies 0.96x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.58x

*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 Putian Communication Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Putian Communication Group's assets?
Raw Data
BST:5PU PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥0.37
SEHK:1720 Share Price * SEHK (2019-04-18) in HKD HK$2.44
SEHK:1720 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.855 CN¥2.09
Germany Communications Industry PB Ratio Median Figure of 7 Publicly-Listed Communications Companies 1.53x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.85x
BST:5PU PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1720 Share Price ÷ Book Value per Share (both in CNY)

= 2.09 ÷ 0.37

5.67x

* Primary Listing of Putian Communication Group.

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

  • Putian Communication Group is overvalued based on assets compared to the DE Communications industry average.
X
Value checks
We assess Putian Communication 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 Communications 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 Communications industry average (and greater than 0)? (1 check)
  5. Putian Communication Group has a total score of 1/6, 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.

5PU Future Performance

 How is Putian Communication Group expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Putian Communication Group, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
20.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Putian Communication Group expected to grow at an attractive rate?
  • Putian Communication Group's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Putian Communication Group's earnings growth is expected to exceed the Germany market average.
  • Unable to compare Putian Communication Group's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BST:5PU Future Growth Rates Data Sources
Data Point Source Value (per year)
BST:5PU Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 20.6%
Germany Communications Industry Earnings Growth Rate Market Cap Weighted Average 24.7%
Europe Communications Industry Revenue Growth Rate Market Cap Weighted Average 2.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.5%
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
BST:5PU Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BST:5PU Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
BST:5PU Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 785 85
2018-06-30 746 41 81
2018-03-31 684 25 70
2017-12-31 621 10 58
2016-12-31 468 48 52

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Putian Communication Group's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Putian Communication Group 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
BST:5PU 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 0 Analyst Estimates (S&P Global) See Below

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

BST:5PU Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
BST:5PU Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 0.08
2018-06-30 0.08
2018-03-31 0.07
2017-12-31 0.07
2016-12-31 0.06

*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 Putian Communication Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Putian Communication 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 Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Putian Communication Group has a total score of 3/6, 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.

5PU Past Performance

  How has Putian Communication 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 Putian Communication Group's growth in the last year to its industry (Communications).
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.
  • Putian Communication Group has delivered over 20% year on year earnings growth in the past 5 years.
  • Putian Communication Group's 1-year earnings growth exceeds its 5-year average (46.4% vs 29.1%)
  • Putian Communication Group's earnings growth has exceeded the Europe Communications industry average in the past year (46.4% vs 23.7%).
Earnings and Revenue History
Putian Communication 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 Putian Communication Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:5PU Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 785.00 84.99 86.01
2018-06-30 746.31 81.09 77.09
2018-03-31 683.80 69.57 76.67
2017-12-31 621.28 58.05 76.24
2016-12-31 467.92 52.10 46.03
2015-12-31 361.73 34.37 32.37
2014-12-31 270.77 17.79 23.80

*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.
  • Putian Communication Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Putian Communication Group used its assets more efficiently than the DE Communications industry average last year based on Return on Assets.
  • Putian Communication Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Putian Communication 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 Communications 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.
Putian Communication Group has a total score of 5/6, 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.

5PU Health

 How is Putian Communication 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 Putian Communication Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Putian Communication Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Putian Communication Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Putian Communication 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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.5x 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 Putian Communication Group Company Filings, last reported 3 months ago.

BST:5PU Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 404.97 124.31 123.35
2018-06-30 362.21 83.77 21.84
2018-03-31 362.21 83.77 21.84
2017-12-31 323.45 113.57 120.12
2016-12-31 225.92 48.00 22.94
2015-12-31 176.19 81.80 12.74
2014-12-31 141.83 76.85 8.80
  • Putian Communication Group's level of debt (30.7%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Putian Communication Group's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (33.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 18x coverage).
X
Financial health checks
We assess Putian Communication 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. Putian Communication 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.

5PU Dividends

 What is Putian Communication 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%
Current annual income from Putian Communication Group dividends.
If you bought €2,000 of Putian Communication Group 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 Putian Communication Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Putian Communication Group'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
BST:5PU 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
Europe Communications Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 2.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 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.

BST:5PU Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts

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

  • Unable to perform a dividend volatility check as Putian Communication Group has not reported any payouts.
  • Unable to verify if Putian Communication Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Putian Communication Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Putian Communication Group 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 Putian Communication 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 Putian Communication Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Putian Communication Group 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.

5PU Management

 What is the CEO of Putian Communication 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
Qiuping Wang
COMPENSATION CN¥387,000
AGE 54
CEO Bio

Ms. Wang Qiuping serves as the Chairlady and Chief Executive Officer of Putian Communication Group Limited and has been its Executive Director since August 19, 2016. Ms. Wang obtained a diploma in basic theory of Marxism from Jiangxi Normal University in December 1986.

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

Qiuping Wang

TITLE
Chairlady & CEO
COMPENSATION
CN¥387K
AGE
54

Xiaobao Zhao

TITLE
Executive Director
COMPENSATION
CN¥376K
AGE
53

Moge Zhao

TITLE
Executive Director
COMPENSATION
CN¥178K
AGE
29

Yeung Fun Lai

TITLE
Financial Controller & Company Secretary
AGE
39
TENURE
2 yrs

Zhi Zhou

TITLE
Chief Business Officer of Business Center
AGE
41
TENURE
6.8 yrs
Board of Directors Tenure

Average tenure and age of the Putian Communication Group board of directors in years:

1.5
Average Tenure
44.5
Average Age
  • The average tenure for the Putian Communication Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Qiuping Wang

TITLE
Chairlady & CEO
COMPENSATION
CN¥387K
AGE
54

Xiaobao Zhao

TITLE
Executive Director
COMPENSATION
CN¥376K
AGE
53
TENURE
1.9 yrs

Moge Zhao

TITLE
Executive Director
COMPENSATION
CN¥178K
AGE
29
TENURE
1.9 yrs

Shing Yan Cheng

TITLE
Independent Non Executive Director
COMPENSATION
CN¥17K
AGE
43
TENURE
1.5 yrs

Guodong Liu

TITLE
Independent Non Executive Director
COMPENSATION
CN¥17K
AGE
41
TENURE
1.5 yrs

Haidong Xie

TITLE
Independent Non Executive Director
COMPENSATION
CN¥17K
AGE
46
TENURE
1.5 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 (€)
X
Management checks
We assess Putian Communication 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. Putian Communication 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.

5PU News

Simply Wall St News

5PU Company Info

Description

Putian Communication Group Limited, an investment holding company, produces and sells optical fiber cables, communication copper cables, and structured cabling system products under the Hanphy brand name in the People's Republic of China. It serves telecommunication network operators, communication system solution providers, and construction contractors. The company was founded in 2001 and is based in Nanchang, China.

Details
Name: Putian Communication Group Limited
5PU
Exchange: BST
Founded: 2001
HK$304,230,187
1,100,000,000
Website: http://www.potel-group.com
Address: Putian Communication Group Limited
No. 8899 ChangDong Avenue,
Hi-tech Development Zone,
Nanchang,
Jiangxi Province, China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1720 Common Shares The Stock Exchange of Hong Kong Ltd. HK HKD 09. Nov 2017
BST 5PU Common Shares Boerse-Stuttgart DE EUR 09. Nov 2017
Number of employees
Current staff
Staff numbers
471
Putian Communication Group employees.
Industry
Communications Equipment
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 22:17
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2018/03/29
Last earnings filing: 2019/03/29
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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

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