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Churchill China

AIM:CHH
Snowflake Description

Flawless balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CHH
AIM
£171M
Market Cap
  1. Home
  2. GB
  3. Consumer Durables
Company description

Churchill China plc manufactures and sells ceramic and related products for retail, hospitality, and household markets worldwide. The last earnings update was 29 days ago. More info.


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  • Churchill China has significant price volatility in the past 3 months.
CHH Share Price and Events
7 Day Returns
0%
AIM:CHH
-6.4%
GB Consumer Durables
-1.3%
GB Market
1 Year Returns
57.6%
AIM:CHH
-17%
GB Consumer Durables
-5.9%
GB Market
CHH Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Churchill China (CHH) 0% 2.3% 31.1% 57.6% 100% 230.2%
GB Consumer Durables -6.4% -10.2% -6.4% -17% -4.3% 58.2%
GB Market -1.3% -3.3% 0.8% -5.9% 12.6% 0.4%
1 Year Return vs Industry and Market
  • CHH outperformed the Consumer Durables industry which returned -17% over the past year.
  • CHH outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -5.9% over the past year.
Price Volatility
CHH
Industry
5yr Volatility vs Market

CHH Value

 Is Churchill China 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 Churchill China 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 Churchill China.

AIM:CHH Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.4%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

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 AIM:CHH
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.7%
Consumer Durables Unlevered Beta Simply Wall St/ S&P Global 0.89
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.895 (1 + (1- 19%) (0%))
0.93
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.93
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (0.93 * 6.65%)
7.41%

Discounted Cash Flow Calculation for AIM:CHH using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Churchill China 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.

AIM:CHH DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 7.41%)
2019 4.84 Est @ 4.59% 4.51
2020 5.01 Est @ 3.58% 4.35
2021 5.16 Est @ 2.87% 4.16
2022 5.28 Est @ 2.38% 3.97
2023 5.39 Est @ 2.03% 3.77
2024 5.48 Est @ 1.79% 3.57
2025 5.57 Est @ 1.62% 3.38
2026 5.66 Est @ 1.5% 3.19
2027 5.74 Est @ 1.42% 3.02
2028 5.82 Est @ 1.36% 2.85
Present value of next 10 years cash flows £36.76
AIM:CHH DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= £5.82 × (1 + 1.23%) ÷ (7.41% – 1.23%)
£95.24
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £95.24 ÷ (1 + 7.41%)10
£46.61
AIM:CHH Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £36.76 + £46.61
£83.37
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £83.37 / 10.96
£7.61
AIM:CHH Discount to Share Price
Calculation Result
Value per share (GBP) From above. £7.61
Current discount Discount to share price of £15.60
= -1 x (£15.60 - £7.61) / £7.61
-105%

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

  • The current share price of Churchill China is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Churchill China's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Churchill China's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AIM:CHH PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in GBP £0.66
AIM:CHH Share Price ** AIM (2019-05-24) in GBP £15.6
United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry PE Ratio Median Figure of 26 Publicly-Listed Consumer Durables Companies 9.66x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 789 Publicly-Listed Companies 16.18x

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

** Primary Listing of Churchill China.

AIM:CHH PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AIM:CHH Share Price ÷ EPS (both in GBP)

= 15.6 ÷ 0.66

23.77x

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

  • Churchill China is overvalued based on earnings compared to the GB Consumer Durables industry average.
  • Churchill China is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Churchill China's expected growth come at a high price?
Raw Data
AIM:CHH PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 23.77x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
5.2%per year
United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry PEG Ratio Median Figure of 23 Publicly-Listed Consumer Durables Companies 1.2x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 574 Publicly-Listed Companies 1.45x

*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 Churchill China, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Churchill China's assets?
Raw Data
AIM:CHH PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in GBP £3.47
AIM:CHH Share Price * AIM (2019-05-24) in GBP £15.6
United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry PB Ratio Median Figure of 28 Publicly-Listed Consumer Durables Companies 1.66x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,369 Publicly-Listed Companies 1.48x
AIM:CHH PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AIM:CHH Share Price ÷ Book Value per Share (both in GBP)

= 15.6 ÷ 3.47

4.5x

* Primary Listing of Churchill China.

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

  • Churchill China is overvalued based on assets compared to the GB Consumer Durables industry average.
X
Value checks
We assess Churchill China'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 Consumer Durables 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 Consumer Durables industry average (and greater than 0)? (1 check)
  5. Churchill China has a total score of 0/6, 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.

CHH Future Performance

 How is Churchill China expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

  • No analysts cover Churchill China, 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
5.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Churchill China expected to grow at an attractive rate?
  • Churchill China's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Churchill China's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • Churchill China's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
AIM:CHH Future Growth Rates Data Sources
Data Point Source Value (per year)
AIM:CHH Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 5.2%
AIM:CHH Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 5.5%
United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry Earnings Growth Rate Market Cap Weighted Average 4.5%
United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry Revenue Growth Rate Market Cap Weighted Average 2.3%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 10.8%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 5%

*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
AIM:CHH Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AIM:CHH Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 68 1
2020-12-31 63 1
2019-12-31 59 1
AIM:CHH Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-12-31 57 7 7
2018-09-30 56 7 7
2018-06-30 55 7 7
2018-03-31 54 7 7
2017-12-31 54 7 6
2017-09-30 53 6 6
2017-06-30 53 5 6
2017-03-31 52 6 6
2016-12-31 51 6 5
2016-09-30 50 6 5
2016-06-30 49 6 4
2016-03-31 48 5 4

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Churchill China's earnings are expected to grow by 5.2% yearly, however this is not considered high growth (20% yearly).
  • Churchill China's revenue is expected to grow by 5.5% 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
AIM:CHH Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

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

AIM:CHH Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
AIM:CHH Past Financials Data
Date (Data in GBP Millions) EPS *
2018-12-31 0.66
2018-09-30 0.64
2018-06-30 0.63
2018-03-31 0.61
2017-12-31 0.58
2017-09-30 0.56
2017-06-30 0.53
2017-03-31 0.51
2016-12-31 0.48
2016-09-30 0.44
2016-06-30 0.41
2016-03-31 0.39

*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 Churchill China will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Churchill China'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 United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland 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.
Churchill China has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

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

CHH Past Performance

  How has Churchill China 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 Churchill China's growth in the last year to its industry (Consumer Durables).
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.
  • Churchill China has delivered over 20% year on year earnings growth in the past 5 years.
  • Churchill China's 1-year earnings growth is less than its 5-year average (12.2% vs 20.1%)
  • Churchill China's earnings growth has not exceeded the GB Consumer Durables industry average in the past year (12.2% vs 13%).
Earnings and Revenue History
Churchill China'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 Churchill China Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:CHH Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 57.48 7.20 37.42
2018-09-30 56.23 7.07 36.57
2018-06-30 54.98 6.95 35.73
2018-03-31 54.26 6.68 35.72
2017-12-31 53.53 6.41 35.72
2017-09-30 53.22 6.11 34.85
2017-06-30 52.92 5.80 33.99
2017-03-31 52.01 5.54 33.97
2016-12-31 51.10 5.29 33.94
2016-09-30 50.23 4.88 32.33
2016-06-30 49.36 4.47 30.72
2016-03-31 48.09 4.28 30.72
2015-12-31 46.83 4.09 30.72
2015-09-30 45.96 3.83 29.84
2015-06-30 45.10 3.56 28.96
2015-03-31 44.81 3.49 28.95
2014-12-31 44.52 3.42 28.94
2014-09-30 44.41 3.22 28.20
2014-06-30 44.30 3.02 27.46
2014-03-31 43.73 2.89 27.45
2013-12-31 43.16 2.76 27.44
2013-09-30 42.57 2.61 26.96
2013-06-30 41.98 2.46 26.48
2013-03-31 41.71 2.30 26.46
2012-12-31 41.44 2.15 26.45
2012-09-30 41.86 2.13 26.59
2012-06-30 42.29 2.11 26.73

*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.
  • Churchill China has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Churchill China used its assets more efficiently than the GB Consumer Durables industry average last year based on Return on Assets.
  • Churchill China has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Churchill China'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 Consumer Durables 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.
Churchill China 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.

CHH Health

 How is Churchill China'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 Churchill China's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Churchill China is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Churchill China's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Churchill China'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.
  • Churchill China 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 Churchill China Company Filings, last reported 4 months ago.

AIM:CHH Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 37.97 0.00 17.38
2018-09-30 37.97 0.00 17.38
2018-06-30 34.60 0.00 13.74
2018-03-31 34.60 0.00 13.74
2017-12-31 33.89 0.00 15.58
2017-09-30 33.89 0.00 15.58
2017-06-30 29.07 0.00 10.36
2017-03-31 29.07 0.00 10.36
2016-12-31 28.63 0.00 12.74
2016-09-30 28.63 0.00 12.74
2016-06-30 30.72 0.00 9.63
2016-03-31 30.72 0.00 9.63
2015-12-31 30.93 0.00 11.81
2015-09-30 30.93 0.00 11.81
2015-06-30 28.53 0.00 8.67
2015-03-31 28.53 0.00 8.67
2014-12-31 28.41 0.00 10.46
2014-09-30 28.41 0.00 10.46
2014-06-30 28.43 0.00 8.50
2014-03-31 28.43 0.00 8.50
2013-12-31 28.43 0.00 8.20
2013-09-30 28.43 0.00 8.20
2013-06-30 26.33 0.00 4.80
2013-03-31 26.33 0.00 4.80
2012-12-31 26.46 0.00 7.00
2012-09-30 26.46 0.00 7.00
2012-06-30 27.26 0.00 4.32
  • Churchill China has no debt.
  • Churchill China has not taken on any debt in the past 5 years.
  • Churchill China has no debt, it does not need to be covered by operating cash flow.
  • Churchill China has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Churchill China'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. Churchill China 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.

CHH Dividends

 What is Churchill China'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
1.86%
Current annual income from Churchill China dividends. Estimated to be 2.26% next year.
If you bought £2,000 of Churchill China shares you are expected to receive £37 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?
  • Churchill China's pays a lower dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.03%).
  • Churchill China's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.33%).
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
AIM:CHH Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry Average Dividend Yield Market Cap Weighted Average of 24 Stocks 7.3%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 706 Stocks 4.3%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.3%

Industry and Market average data is calculated daily.

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

AIM:CHH Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.39 1.00
2020-12-31 0.35 1.00
2019-12-31 0.32 1.00
AIM:CHH Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-04-25 0.290 1.844
2019-03-27 0.290 1.966
2018-04-24 0.246 2.241
2018-03-27 0.246 2.695
2017-04-25 0.211 2.082
2017-03-28 0.211 1.959
2016-05-04 0.183 2.174
2015-04-24 0.161 2.484
2015-03-26 0.161 2.813
2014-03-27 0.146 2.845
2014-03-26 0.146 3.236
2013-03-26 0.142 3.775
2012-04-18 0.140 4.216
2012-03-28 0.140 4.572
2011-04-20 0.140 5.021
2011-03-30 0.140 4.527
2010-03-25 0.140 4.806
2010-03-01 0.140 4.991

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

  • Whilst dividend payments have been stable, Churchill China has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Churchill China only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Churchill China's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.4x coverage).
X
Income/ dividend checks
We assess Churchill China's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - 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 Churchill China afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Churchill China 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.

CHH Management

 What is the CEO of Churchill China'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
David O'Connor
COMPENSATION £686,253
AGE 61
TENURE AS CEO 4.8 years
CEO Bio

Mr. David M. O'Connor has been the Chief Executive Officer of Churchill China plc since August 15, 2014. Mr. O'Connor has been a consultant with WestfieldConsultants Group, an independent business consulting firm since 1998. Mr. O'Connor served as Chief Operating Officer of Churchill China plc and served as its Managing Director of Hospitality products and Managing Director of Retail products. From 1992 to 1998, Mr. O'Connor served as the President of Merle Norman Cosmetics International. He served as Executive Officer of InterCare Medical Group & Emergency DepartmentPhysicians Medical Group, Visage Beauté Cosmetics and Merle NormanCosmetics, Inc. In addition, Mr. O'Connor served as the Chairman of the Robert F. Kennedy Medical Center. He has been an Executive Director at Churchill China plc since 1999. Mr. O'Connor served as a Member of Board Of Directors of Helix Biomedix Inc. from March 2006 to May 2011. He served as Director of Merle Norman Cosmetics International. He serves as President and a member of the board of directors of the Beauty Industry West Trade Association. Mr. O'Connor holds a B.S. from the University of Oregon and an M.H.A. from the University of Southern California.

CEO Compensation
  • David's compensation has been consistent with company performance over the past year, both up more than 20%.
  • David's remuneration is about average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Churchill China management team in years:

4.8
Average Tenure
58
Average Age
  • The tenure for the Churchill China management team is about average.
Management Team

David O'Connor

TITLE
CEO & Executive Director
COMPENSATION
£686K
AGE
61
TENURE
4.8 yrs

David J. Taylor

TITLE
Finance Director
COMPENSATION
£547K
AGE
58
TENURE
21.3 yrs

James Roper

TITLE
Executive Director & Sales and Marketing Director
COMPENSATION
£320K
AGE
41
TENURE
3.8 yrs

Ann Basnett

TITLE
Human Resources Director of Churchill China (UK) Limited
Board of Directors Tenure

Average tenure and age of the Churchill China board of directors in years:

5.4
Average Tenure
59.5
Average Age
  • The tenure for the Churchill China board of directors is about average.
Board of Directors

Alan McWalter

TITLE
Non-Executive Chairman
COMPENSATION
£75K
AGE
64
TENURE
6 yrs

David O'Connor

TITLE
CEO & Executive Director
COMPENSATION
£686K
AGE
61
TENURE
20.3 yrs

David J. Taylor

TITLE
Finance Director
COMPENSATION
£547K
AGE
58
TENURE
26.3 yrs

James Roper

TITLE
Executive Director & Sales and Marketing Director
COMPENSATION
£320K
AGE
41
TENURE
3.8 yrs

Brendan Hynes

TITLE
Senior Independent Non Executive Director
COMPENSATION
£41K
AGE
58

Angela Bromfield

TITLE
Non-Executive Director
COMPENSATION
£41K
TENURE
2.8 yrs

Andrew Roper

TITLE
Non Executive Director
COMPENSATION
£84K
AGE
69
TENURE
4.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
02. Oct 18 Sell James Roper Individual 02. Oct 18 02. Oct 18 -10,000 £11.00 £-110,000
X
Management checks
We assess Churchill China'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. Churchill China 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.

CHH News

Simply Wall St News

Is Churchill China plc's (LON:CHH) CEO Paid At A Competitive Rate?

According to our data, Churchill China plc has a market capitalization of UK£171m, and pays its CEO total annual compensation worth UK£686k. … Boasting a total shareholder return of 114% over three years, Churchill China plc has done well by shareholders. … If you think CEO compensation levels are interesting you will probably really like this free visualization of insider trading at Churchill China.

Simply Wall St -

Investors Who Bought Churchill China (LON:CHH) Shares Five Years Ago Are Now Up 230%

For instance, the price of Churchill China plc (LON:CHH) stock is up an impressive 230% over the last five years. … During five years of share price growth, Churchill China achieved compound earnings per share (EPS) growth of 21% per year. … We note that for Churchill China the TSR over the last 5 years was 272%, which is better than the share price return mentioned above.

Simply Wall St -

How Good Is Churchill China plc (LON:CHH), When It Comes To ROE?

This article is for those who would like to learn about Return On Equity (ROE). … Our data shows Churchill China has a return on equity of 19% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Income Investors Should Know The Churchill China plc (LON:CHH) Ex-Dividend Date

On the 24 May 2019, Churchill China plc (LON:CHH) will be paying shareholders an upcoming dividend amount of UK£0.20 per share. … Investors looking for higher income-generating stocks to add to their portfolio should keep reading, as I examine Churchill China's latest financial data to analyse its dividend characteristics. … When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas:?

Simply Wall St -

How Much Are Churchill China plc (LON:CHH) Insiders Taking Off The Table?

So shareholders might well want to know whether insiders have been buying or selling shares in Churchill China plc (LON:CHH). … As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.'. … While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign

Simply Wall St -

Is Churchill China plc's (LON:CHH) High P/E Ratio A Problem For Investors?

To keep it practical, we'll show how Churchill China plc's (LON:CHH) P/E ratio could help you assess the value on offer. … Churchill China has a P/E ratio of 21.9, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Do Churchill China plc’s (LON:CHH) Returns On Capital Employed Make The Cut?

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Understanding Return On Capital Employed (ROCE). … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

Should You Be Pleased About The CEO Pay At Churchill China plc's (LON:CHH)

David O'Connor has been the CEO of Churchill China plc (LON:CHH) since 2014. … This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does David O'Connor's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Should Churchill China plc (LON:CHH) Be Part Of Your Portfolio?

Historically, Churchill China plc (LON:CHH) has been paying a dividend to shareholders. … Does Churchill China tick all the boxes of a great dividend stock? … Check out our latest analysis for Churchill China?

Simply Wall St -

Churchill China plc (LON:CHH): Time For A Financial Health Check

The direct benefit for Churchill China plc (LON:CHH), which sports a zero-debt capital structure, to include debt in its capital structure is the reduced cost of capital. … However, the trade-off is CHH will have to adhere to stricter debt covenants and have less financial flexibility. … Is CHH right in choosing financial flexibility over lower cost of capital

Simply Wall St -

CHH Company Info

Description

Churchill China plc manufactures and sells ceramic and related products for retail, hospitality, and household markets worldwide. It offers ceramic tabletop products, such as cups, plates, bowls, accessories, jugs, trays and boards, saucers, cookware, beverage pots, chips mugs, dip pots and sauce dishes, stands and risers, mugs, sugar bowls, counter servingware, cutlery, pepper and salt products, crates and carriers, glassware, bud vases, butter blocks/pads, knives, spoons, lids, forks, sachet holders, egg cups, ashtrays, and vinegar/oil bottles. The company was founded in 1795 and is headquartered in Stoke-on-Trent, the United Kingdom.

Details
Name: Churchill China plc
CHH
Exchange: AIM
Founded: 1795
£170,901,900
10,955,250
Website: http://www.churchill1795.com
Address: Churchill China plc
No.1 Marlborough Way,
Tunstall,
Stoke-on-Trent,
Staffordshire, ST6 5NZ,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM CHH Ordinary Shares London Stock Exchange AIM Market GB GBP 01. Nov 1994
Number of employees
Current staff
Staff numbers
631
Churchill China employees.
Industry
Housewares and Specialties
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/24 20:33
End of day share price update: 2019/05/24 00:00
Last estimates confirmation: 2019/04/04
Last earnings filing: 2019/04/25
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.