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Shuanghua Holdings

SEHK:1241
Snowflake Description

Flawless balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1241
SEHK
HK$150M
Market Cap
  1. Home
  2. HK
  3. Automobiles
Company description

Shuanghua Holdings Limited, an investment holding company, designs, develops, manufactures, and sells auto air-conditioner parts and components in the People’s Republic of China, other Asian countries, the United States, Canada, and internationally. The last earnings update was 83 days ago. More info.


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1241 Share Price and Events
7 Day Returns
-4.2%
SEHK:1241
-3.6%
HK Auto Components
-1.1%
HK Market
1 Year Returns
-41%
SEHK:1241
-26.1%
HK Auto Components
-6.5%
HK Market
1241 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Shuanghua Holdings (1241) -4.2% -6.1% -14.8% -41% -58.9% -36.1%
HK Auto Components -3.6% 1.2% -19.7% -26.1% 0% 18.2%
HK Market -1.1% 3.4% -7.7% -6.5% 17.4% 4.2%
1 Year Return vs Industry and Market
  • 1241 underperformed the Auto Components industry which returned -26.1% over the past year.
  • 1241 underperformed the Market in Hong Kong which returned -6.5% over the past year.
Price Volatility
1241
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Shuanghua Holdings's competitors could be found in our database.

Value

 Is Shuanghua Holdings 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 Shuanghua Holdings 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 Shuanghua Holdings.

SEHK:1241 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 9%
Perpetual Growth Rate 10-Year HK Government Bond Rate 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 SEHK:1241
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6%
Auto Components Unlevered Beta Simply Wall St/ S&P Global 1.27
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.27 (1 + (1- 25%) (0%))
1.181
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.18
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.181 * 5.96%)
9.04%

Discounted Cash Flow Calculation for SEHK:1241 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Shuanghua Holdings 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.

SEHK:1241 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 9.04%)
2020 1.35 Est @ -69.49% 1.24
2021 0.70 Est @ -48.05% 0.59
2022 0.47 Est @ -33.03% 0.36
2023 0.36 Est @ -22.52% 0.26
2024 0.31 Est @ -15.16% 0.20
2025 0.28 Est @ -10.01% 0.17
2026 0.26 Est @ -6.41% 0.14
2027 0.25 Est @ -3.89% 0.13
2028 0.25 Est @ -2.12% 0.11
2029 0.24 Est @ -0.88% 0.10
Present value of next 10 years cash flows CN¥3.30
SEHK:1241 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥0.24 × (1 + 2%) ÷ (9.04% – 2%)
CN¥3.52
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥3.52 ÷ (1 + 9.04%)10
CN¥1.48
SEHK:1241 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥3.30 + CN¥1.48
CN¥4.78
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥4.78 / 650.00
CN¥0.01
SEHK:1241 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:1241)
1.137
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥0.01 x 1.137
HK$0.01
Value per share (HKD) From above. HK$0.01
Current discount Discount to share price of HK$0.23
= -1 x (HK$0.23 - HK$0.01) / HK$0.01
-2649%

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

  • The current share price of Shuanghua Holdings 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 Shuanghua Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Shuanghua Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:1241 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥-0.02
SEHK:1241 Share Price ** SEHK (2019-07-12) in HKD HK$0.23
SEHK:1241 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.879 CN¥0.2
Hong Kong Auto Components Industry PE Ratio Median Figure of 21 Publicly-Listed Auto Components Companies 10.56x
Hong Kong Market PE Ratio Median Figure of 1,503 Publicly-Listed Companies 10.71x

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

** Primary Listing of Shuanghua Holdings.

SEHK:1241 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1241 Share Price ÷ EPS (both in CNY)

= 0.2 ÷ -0.02

-9.93x

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

  • Shuanghua Holdings is loss making, we can't compare its value to the HK Auto Components industry average.
  • Shuanghua Holdings is loss making, we can't compare the value of its earnings to the Hong Kong market.
Price based on expected Growth
Does Shuanghua Holdings's expected growth come at a high price?
Raw Data
SEHK:1241 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -9.93x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Hong Kong Auto Components Industry PEG Ratio Median Figure of 7 Publicly-Listed Auto Components Companies 0.59x
Hong Kong Market PEG Ratio Median Figure of 477 Publicly-Listed Companies 0.79x

*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 Shuanghua Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Shuanghua Holdings's assets?
Raw Data
SEHK:1241 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥0.56
SEHK:1241 Share Price * SEHK (2019-07-12) in HKD HK$0.23
SEHK:1241 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.879 CN¥0.2
Hong Kong Auto Components Industry PB Ratio Median Figure of 26 Publicly-Listed Auto Components Companies 1.39x
Hong Kong Market PB Ratio Median Figure of 2,190 Publicly-Listed Companies 0.92x
SEHK:1241 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1241 Share Price ÷ Book Value per Share (both in CNY)

= 0.2 ÷ 0.56

0.36x

* Primary Listing of Shuanghua Holdings.

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

  • Shuanghua Holdings is good value based on assets compared to the HK Auto Components industry average.
X
Value checks
We assess Shuanghua Holdings'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 Auto Components 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 Auto Components industry average (and greater than 0)? (1 check)
  5. Shuanghua Holdings 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.

Future Performance

 How is Shuanghua Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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

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

Show me the analysis anyway

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

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
11.8%
Expected Auto Components industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Shuanghua Holdings expected to grow at an attractive rate?
  • Unable to compare Shuanghua Holdings's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Shuanghua Holdings's earnings growth to the Hong Kong market average as no estimate data is available.
  • Unable to compare Shuanghua Holdings's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:1241 Future Growth Rates Data Sources
Data Point Source Value (per year)
Hong Kong Auto Components Industry Earnings Growth Rate Market Cap Weighted Average 11.8%
Hong Kong Auto Components Industry Revenue Growth Rate Market Cap Weighted Average 11.8%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.2%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.2%

*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
SEHK:1241 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 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.
SEHK:1241 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 55 6 -13
2018-09-30 64 2 -10
2018-06-30 73 2 -8
2018-03-31 79 10 -12
2017-12-31 84 15 -17
2017-09-30 89 11 -19
2017-06-30 94 7 -20
2017-03-31 107 3 -18
2016-12-31 121 -1 -16
2016-09-30 124 11 -10
2016-06-30 128 23 -4
2016-03-31 135 25 -21

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Shuanghua Holdings is high growth as no earnings estimate data is available.
  • Unable to determine if Shuanghua Holdings 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
SEHK:1241 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Shuanghua Holdings Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1241 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 -0.02
2018-09-30 -0.02
2018-06-30 -0.01
2018-03-31 -0.02
2017-12-31 -0.03
2017-09-30 -0.03
2017-06-30 -0.03
2017-03-31 -0.03
2016-12-31 -0.03
2016-09-30 -0.02
2016-06-30 -0.01
2016-03-31 -0.03

*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 Shuanghua Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Shuanghua Holdings's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Shuanghua Holdings's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Automobiles companies here
  3. Shuanghua Holdings's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Shuanghua Holdings'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 Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong 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.
Shuanghua Holdings has a total score of 0/6, see the detailed checks below.

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

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

Past Performance

  How has Shuanghua Holdings 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 Shuanghua Holdings's growth in the last year to its industry (Auto Components).
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.
  • Shuanghua Holdings does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Shuanghua Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Shuanghua Holdings's 1-year growth to the HK Auto Components industry average as it is not currently profitable.
Earnings and Revenue History
Shuanghua Holdings'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 Shuanghua Holdings Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1241 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 55.17 -13.25 26.51
2018-09-30 64.24 -10.45 25.02
2018-06-30 73.31 -7.66 23.53
2018-03-31 78.53 -12.42 23.79
2017-12-31 83.75 -17.19 24.05
2017-09-30 88.66 -18.75 27.33
2017-06-30 93.57 -20.31 30.61
2017-03-31 107.16 -18.33 33.42
2016-12-31 120.75 -16.35 36.24
2016-09-30 124.17 -10.04 11.49
2016-06-30 127.58 -3.74 -13.25
2016-03-31 135.33 -21.37 12.37
2015-12-31 143.08 -38.99 37.98
2015-09-30 157.81 -37.89 66.55
2015-06-30 172.54 -36.78 95.13
2015-03-31 184.78 -13.72 71.24
2014-12-31 197.02 9.33 47.35
2014-09-30 208.41 -6.03 47.49
2014-06-30 219.80 -21.38 47.63
2014-03-31 240.47 -22.55 48.37
2013-12-31 261.13 -23.72 49.10
2013-09-30 279.48 -9.16 49.40
2013-06-30 297.83 5.40 49.70
2013-03-31 338.71 13.62 50.14
2012-12-31 379.60 21.84 50.59
2012-09-30 415.02 30.37 52.09

*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.
  • It is difficult to establish if Shuanghua Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Shuanghua Holdings has efficiently used its assets last year compared to the HK Auto Components industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Shuanghua Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Shuanghua Holdings'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 Auto Components 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.
Shuanghua Holdings has a total score of 0/6, 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 Shuanghua Holdings'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 Shuanghua Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Shuanghua Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Shuanghua Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Shuanghua Holdings'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.
  • Shuanghua Holdings 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 Shuanghua Holdings Company Filings, last reported 6 months ago.

SEHK:1241 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 364.81 0.00 119.88
2018-09-30 364.81 0.00 119.88
2018-06-30 380.53 0.00 171.05
2018-03-31 380.53 0.00 171.05
2017-12-31 378.33 0.00 116.68
2017-09-30 378.33 0.00 116.68
2017-06-30 390.90 0.00 167.13
2017-03-31 390.90 0.00 167.13
2016-12-31 397.37 0.00 154.82
2016-09-30 397.37 0.00 154.82
2016-06-30 401.71 0.00 157.73
2016-03-31 401.71 0.00 157.73
2015-12-31 405.06 0.00 146.81
2015-09-30 405.06 0.00 146.81
2015-06-30 503.66 0.00 228.80
2015-03-31 503.66 0.00 228.80
2014-12-31 541.54 0.00 213.72
2014-09-30 541.54 0.00 213.72
2014-06-30 539.70 0.00 214.47
2014-03-31 539.70 0.00 214.47
2013-12-31 532.21 0.00 200.58
2013-09-30 532.21 0.00 200.58
2013-06-30 561.08 0.00 105.48
2013-03-31 561.08 0.00 105.48
2012-12-31 555.97 20.00 100.08
2012-09-30 555.97 20.00 100.08
  • Shuanghua Holdings has no debt.
  • Shuanghua Holdings had no debt 5 years ago.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Shuanghua Holdings has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Shuanghua Holdings has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 75.6% per year.
X
Financial health checks
We assess Shuanghua Holdings'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. Shuanghua Holdings 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 Shuanghua Holdings'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 Shuanghua Holdings dividends.
If you bought HK$2,000 of Shuanghua Holdings shares you are expected to receive HK$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 Shuanghua Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Shuanghua Holdings'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
SEHK:1241 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
Hong Kong Auto Components Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 4.2%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 978 Stocks 3.6%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.2%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.1%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

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

SEHK:1241 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2017-04-18 0.000 0.000
2017-03-31 0.000 0.000
2016-09-05 0.000 0.000
2016-08-26 0.000 0.000
2016-04-14 0.000 0.000
2016-03-31 0.000 0.000
2015-09-07 0.300 42.208
2015-08-24 0.300 43.096
2013-09-05 0.000 0.000
2013-08-23 0.000 0.000
2013-04-22 0.000 0.000
2013-04-02 0.000 0.000
2012-03-05 0.027 5.984

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

  • Unable to perform a dividend volatility check as Shuanghua Holdings has not reported any payouts.
  • Unable to verify if Shuanghua Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Shuanghua Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Shuanghua Holdings 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 Shuanghua Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - 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 Shuanghua Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Shuanghua Holdings 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.

Management

 What is the CEO of Shuanghua Holdings'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
Ping Zheng
COMPENSATION CN¥1,360,000
AGE 61
CEO Bio

Mr. Ping Zheng has been the Chairman of Shuanghua Holdings Limited since November 19, 2010 and serves as its Chief Executive Officer. From 1983 to 1990, Mr. Zheng was the teacher of power plant department of the Navy Engineering University of the People's Liberation Army of China. From 1990 to 1993, he worked in Fuzhou Far East Auto Parts Company Limited, the business scope of which is mainly manufacture of auto parts, as vice general manager. In 2005, Mr. Zheng was appointed as the chairman of Shanghai Automart and the chairman and general manager of Shanghai Shuanghua. Since 2007, Mr. Zheng has been serving as the Chairman of the board of directors and general manager of Shanghai Shuanghua. From 1994 to 2001, he served as a director and the general manager of Shanghai Youshen International Trade Company Limited, the business scope of which is mainly international trade and trade consultancy. He has been a Director of Shuanghua Holdings Limited since November 19, 2010. From 2002 to 2008, Mr. Zheng served as the director of BVI Automart. From 1979, he studied on a full-time basis in the Navy Engineering University of the People's Liberation Army of China and has obtained his bachelor's degree majoring in Electrical Combustion Management in 1983.

CEO Compensation
  • Ping's compensation has increased whilst company is loss making.
  • Ping's remuneration is about average for companies of similar size in Hong Kong.
Management Team

Ping Zheng

TITLE
Executive Chairman & CEO
COMPENSATION
CN¥1M
AGE
61

Fei Zheng

TITLE
Vice Chairperson
COMPENSATION
CN¥652K
AGE
29

Luler Tang

TITLE
CFO, Company Secretary & Executive Director
COMPENSATION
CN¥485K
AGE
46
TENURE
8.2 yrs
Board of Directors Tenure

Average tenure and age of the Shuanghua Holdings board of directors in years:

7.7
Average Tenure
51
Average Age
  • The tenure for the Shuanghua Holdings board of directors is about average.
Board of Directors

Ping Zheng

TITLE
Executive Chairman & CEO
COMPENSATION
CN¥1M
AGE
61

Fei Zheng

TITLE
Vice Chairperson
COMPENSATION
CN¥652K
AGE
29
TENURE
2 yrs

Luler Tang

TITLE
CFO, Company Secretary & Executive Director
COMPENSATION
CN¥485K
AGE
46
TENURE
7.3 yrs

Binhui He

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥60K
AGE
51
TENURE
8.1 yrs

Lifan Chen

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥60K
AGE
80
TENURE
8.1 yrs

Ying Guo

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥60K
AGE
39
TENURE
2 yrs

Xiaoling Kong

TITLE
Non-Executive Director
COMPENSATION
CN¥300K
AGE
59
TENURE
8.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
10. Nov 18 Buy Zonglin Xu Individual 01. Nov 18 01. Nov 18 52,744,000 HK$0.20 HK$10,548,930
05. Nov 18 Sell Fu Lin Individual 01. Nov 18 01. Nov 18 -52,744,000 HK$0.20 HK$-10,548,930
X
Management checks
We assess Shuanghua Holdings'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. Shuanghua Holdings 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

Does Shuanghua Holdings Limited's (HKG:1241) CEO Pay Compare Well With Peers?

First, this article will compare CEO compensation with compensation at similar sized companies. … Check out our latest analysis for Shuanghua Holdings How Does Ping Zheng's Compensation Compare With Similar Sized Companies? … According to our data, Shuanghua Holdings Limited has a market capitalization of HK$156m, and pays its CEO total annual compensation worth CN¥1.4m.

Simply Wall St -

What Percentage Of Shuanghua Holdings Limited (HKG:1241) Shares Do Insiders Own?

Shuanghua Holdings is a smaller company with a market capitalization of HK$159m, so it may still be flying under the radar of many institutional investors. … Our analysis of the ownership of the company, below, shows that institutional investors have not yet purchased shares. … Check out our latest analysis for Shuanghua Holdings SEHK:1241 Ownership Summary, June 14th 2019 What Does The Lack Of Institutional Ownership Tell Us About Shuanghua Holdings?

Simply Wall St -

How Financially Strong Is Shuanghua Holdings Limited (HKG:1241)?

However, the trade-off is 1241 will have to follow strict debt obligations which will reduce its financial flexibility. … Is 1241 right in choosing financial flexibility over lower cost of capital … Debt capital generally has lower cost of capital compared to equity funding.

Simply Wall St -

Company Info

Description

Shuanghua Holdings Limited, an investment holding company, designs, develops, manufactures, and sells auto air-conditioner parts and components in the People’s Republic of China, other Asian countries, the United States, Canada, and internationally. It also manufactures and sells heaters, intercoolers, liquid-gas separators, evaporators, condenser cores, pipes, and thermostats. In addition, the company is involved in the sale of automotive lubricants; the wholesale and retail of mechanical and electrical equipment; and the import and export of goods and technology. It offers its products under the Shuanghua and Youshen brand names to domestic OEM and international aftermarket customers. The company was formerly known as Shanghai Shuanghua Autoparts Co., Ltd. Shuanghua Holdings Limited was founded in 1997 and is headquartered in Shanghai, the People’s Republic of China.

Details
Name: Shuanghua Holdings Limited
1241
Exchange: SEHK
Founded: 1997
HK$149,500,000
650,000,000
Website: http://www.shshuanghua.com
Address: Shuanghua Holdings Limited
Tongsheng Building,
9th Floor,
Shanghai,
200122,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1241 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 30. Jun 2011
Number of employees
Current staff
Staff numbers
131
Shuanghua Holdings employees.
Industry
Auto Parts and Equipment
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/15 12:58
End of day share price update: 2019/07/12 00:00
Last earnings filing: 2019/04/23
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.