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BeijingWest Industries International

SEHK:2339
Snowflake Description

Undervalued with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
2339
SEHK
HK$385M
Market Cap
  1. Home
  2. HK
  3. Automobiles
Company description

BeijingWest Industries International Limited, an investment holding company, manufactures, sells, and trades in automotive parts and components in Mainland China, the United Kingdom, Germany, the United States, and internationally. The last earnings update was 94 days ago. More info.


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  • BeijingWest Industries International has significant price volatility in the past 3 months.
2339 Share Price and Events
7 Day Returns
-3%
SEHK:2339
-0.6%
HK Auto Components
-0.2%
HK Market
1 Year Returns
-44.8%
SEHK:2339
-25.3%
HK Auto Components
-4.5%
HK Market
2339 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
BeijingWest Industries International (2339) -3% -3% -25.6% -44.8% -62.4% -85.3%
HK Auto Components -0.6% 1% -21.6% -25.3% -3.5% 19%
HK Market -0.2% 2.7% -8.3% -4.5% 16.5% 1%
1 Year Return vs Industry and Market
  • 2339 underperformed the Auto Components industry which returned -25.3% over the past year.
  • 2339 underperformed the Market in Hong Kong which returned -4.5% over the past year.
Price Volatility
2339
Industry
5yr Volatility vs Market

Value

 Is BeijingWest Industries International 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 BeijingWest Industries International 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 BeijingWest Industries International.

SEHK:2339 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 13.7%
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:2339
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6.7%
Auto Components Unlevered Beta Simply Wall St/ S&P Global 1.27
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.266 (1 + (1- 25%) (90.91%))
1.756
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.76
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.756 * 6.65%)
13.68%

Discounted Cash Flow Calculation for SEHK:2339 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for BeijingWest Industries International 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:2339 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 13.68%)
2020 65.00 Est @ 22.31% 57.17
2021 75.54 Est @ 16.22% 58.45
2022 84.56 Est @ 11.95% 57.56
2023 92.15 Est @ 8.97% 55.17
2024 98.48 Est @ 6.88% 51.87
2025 103.82 Est @ 5.42% 48.09
2026 108.38 Est @ 4.39% 44.16
2027 112.36 Est @ 3.68% 40.28
2028 115.93 Est @ 3.17% 36.55
2029 119.20 Est @ 2.82% 33.06
Present value of next 10 years cash flows HK$482.36
SEHK:2339 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= HK$119.20 × (1 + 2%) ÷ (13.68% – 2%)
HK$1,040.96
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$1,040.96 ÷ (1 + 13.68%)10
HK$288.72
SEHK:2339 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$482.36 + HK$288.72
HK$771.08
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$771.08 / 574.34
HK$1.34
SEHK:2339 Discount to Share Price
Calculation Result
Value per share (HKD) From above. HK$1.34
Current discount Discount to share price of HK$0.64
= -1 x (HK$0.64 - HK$1.34) / HK$1.34
52.3%

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

Current Discount
Amount off the current price BeijingWest Industries International is available for.
Intrinsic value
>50%
Share price is HK$0.64 vs Future cash flow value of HK$1.34
Current Discount Checks
For BeijingWest Industries International to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • BeijingWest Industries International's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • BeijingWest Industries International's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for BeijingWest Industries International's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are BeijingWest Industries International's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:2339 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in HKD HK$0.21
SEHK:2339 Share Price ** SEHK (2019-07-19) in HKD HK$0.64
Hong Kong Auto Components Industry PE Ratio Median Figure of 21 Publicly-Listed Auto Components Companies 10.61x
Hong Kong Market PE Ratio Median Figure of 1,510 Publicly-Listed Companies 10.72x

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

** Primary Listing of BeijingWest Industries International.

SEHK:2339 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:2339 Share Price ÷ EPS (both in HKD)

= 0.64 ÷ 0.21

3.04x

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

  • BeijingWest Industries International is good value based on earnings compared to the HK Auto Components industry average.
  • BeijingWest Industries International is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does BeijingWest Industries International's expected growth come at a high price?
Raw Data
SEHK:2339 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 3.04x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
14.4%per year
Hong Kong Auto Components Industry PEG Ratio Median Figure of 7 Publicly-Listed Auto Components Companies 0.61x
Hong Kong Market PEG Ratio Median Figure of 479 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 BeijingWest Industries International, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on BeijingWest Industries International's assets?
Raw Data
SEHK:2339 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in HKD HK$1.77
SEHK:2339 Share Price * SEHK (2019-07-19) in HKD HK$0.64
Hong Kong Auto Components Industry PB Ratio Median Figure of 26 Publicly-Listed Auto Components Companies 1.35x
Hong Kong Market PB Ratio Median Figure of 2,197 Publicly-Listed Companies 0.92x
SEHK:2339 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:2339 Share Price ÷ Book Value per Share (both in HKD)

= 0.64 ÷ 1.77

0.36x

* Primary Listing of BeijingWest Industries International.

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

  • BeijingWest Industries International is good value based on assets compared to the HK Auto Components industry average.
X
Value checks
We assess BeijingWest Industries International'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. BeijingWest Industries International has a total score of 5/6, 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 BeijingWest Industries International expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover BeijingWest Industries International, 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
14.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is BeijingWest Industries International expected to grow at an attractive rate?
  • BeijingWest Industries International's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • BeijingWest Industries International's earnings growth is expected to exceed the Hong Kong market average.
  • Unable to compare BeijingWest Industries International's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:2339 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:2339 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 14.4%
Hong Kong Auto Components Industry Earnings Growth Rate Market Cap Weighted Average 11.6%
Hong Kong Auto Components Industry Revenue Growth Rate Market Cap Weighted Average 11.6%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.4%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.6%

*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:2339 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 HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:2339 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-12-31 3,418 223 121
2018-09-30 3,714 186 78
2018-06-30 4,010 148 34
2018-03-31 3,957 42 13
2017-12-31 3,904 -63 -9
2017-09-30 3,928 -22 -10
2017-06-30 3,952 19 -11
2017-03-31 4,153 111 49
2016-12-31 4,355 202 108
2016-09-30 4,929 283 127
2016-06-30 5,504 363 146
2016-03-31 5,139 305 140

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • BeijingWest Industries International's earnings are expected to grow by 14.4% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if BeijingWest Industries International 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:2339 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 BeijingWest Industries International Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:2339 Past Financials Data
Date (Data in HKD Millions) EPS *
2018-12-31 0.21
2018-09-30 0.13
2018-06-30 0.06
2018-03-31 0.02
2017-12-31 -0.01
2017-09-30 -0.02
2017-06-30 -0.02
2017-03-31 0.08
2016-12-31 0.19
2016-09-30 0.22
2016-06-30 0.25
2016-03-31 0.25

*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 BeijingWest Industries International will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess BeijingWest Industries International'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.
BeijingWest Industries International 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.

Past Performance

  How has BeijingWest Industries International 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 BeijingWest Industries International'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.
  • BeijingWest Industries International's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • BeijingWest Industries International has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • BeijingWest Industries International has become profitable in the last year making it difficult to compare the HK Auto Components industry average.
Earnings and Revenue History
BeijingWest Industries International'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 BeijingWest Industries International Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:2339 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 3,418.28 120.88 262.27 386.82
2018-09-30 3,714.37 77.51 259.12 424.39
2018-06-30 4,010.47 34.15 255.96 461.97
2018-03-31 3,957.06 12.79 270.73 476.28
2017-12-31 3,903.65 -8.57 285.49 490.59
2017-09-30 3,927.61 -9.60 301.99 506.72
2017-06-30 3,951.56 -10.62 318.48 522.86
2017-03-31 4,153.12 48.64 321.75 508.53
2016-12-31 4,354.68 107.91 325.03 494.20
2016-09-30 4,929.45 127.11 344.09 520.41
2016-06-30 5,504.22 146.32 363.16 546.62
2016-03-31 5,139.23 140.19 340.54 511.57
2015-12-31 4,774.24 134.07 317.92 476.52
2015-09-30 4,041.84 110.72 283.12 422.21
2015-06-30 3,309.44 87.37 248.33 367.91
2015-03-31 3,332.03 215.92 249.54 362.51
2014-12-31 3,354.61 344.46 250.75 357.11
2013-12-31 145.32 -64.15 8.03
2013-09-30 176.05 10.41 16.19
2013-06-30 171.50 7.18 16.45
2013-03-31 165.68 3.95 16.59
2012-12-31 191.79 2.51 19.20

*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.
  • BeijingWest Industries International has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • BeijingWest Industries International used its assets less efficiently than the HK Auto Components industry average last year based on Return on Assets.
  • It is difficult to establish if BeijingWest Industries International 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 BeijingWest Industries International'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.
BeijingWest Industries International 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 BeijingWest Industries International'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 BeijingWest Industries International's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • BeijingWest Industries International is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • BeijingWest Industries International's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of BeijingWest Industries International'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 4.3x 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 BeijingWest Industries International Company Filings, last reported 6 months ago.

SEHK:2339 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,019.36 349.81 801.26
2018-09-30 1,019.36 349.81 801.26
2018-06-30 1,087.28 479.55 658.02
2018-03-31 1,087.28 479.55 658.02
2017-12-31 1,013.32 567.13 713.23
2017-09-30 1,013.32 567.13 713.23
2017-06-30 972.32 287.37 511.26
2017-03-31 972.32 287.37 511.26
2016-12-31 924.95 208.89 560.02
2016-09-30 924.95 208.89 560.02
2016-06-30 879.14 38.42 581.92
2016-03-31 879.14 38.42 581.92
2015-12-31 966.88 344.26 898.19
2015-09-30 966.88 344.26 898.19
2015-06-30 804.74 102.16 791.14
2015-03-31 804.74 102.16 791.14
2014-12-31 227.36 55.48 396.08
2013-12-31 -494.74 178.24 2.84
2013-09-30 -444.03 35.94 0.96
2013-06-30 -442.57 35.82 0.95
2013-03-31 -438.85 178.65 0.20
2012-12-31 -436.93 177.87 0.20
  • BeijingWest Industries International's level of debt (34.3%) compared to net worth is satisfactory (less than 40%).
  • BeijingWest Industries International had negative shareholder equity 5 years ago, it is now positive therefore their debt level has improved.
  • Debt is well covered by operating cash flow (63.7%, greater than 20% of total debt).
  • Unable to confirm if the interest payments on BeijingWest Industries International's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess BeijingWest Industries International'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. BeijingWest Industries International 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.

Dividends

 What is BeijingWest Industries International'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
3.13%
Current annual income from BeijingWest Industries International dividends.
If you bought HK$2,000 of BeijingWest Industries International shares you are expected to receive HK$63 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?
  • BeijingWest Industries International's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.09%).
  • BeijingWest Industries International's dividend is below the markets top 25% of dividend payers in Hong Kong (5.74%).
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:2339 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:2339 Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2019-04-16 0.020 2.760
2019-03-29 0.020 2.341
2018-09-13 0.000 0.000
2018-08-23 0.000 0.000
2018-04-09 0.000 0.000
2018-03-20 0.000 0.000
2017-04-12 0.020 1.475
2017-03-23 0.020 1.156
2014-01-27 0.000 0.000
2008-12-29 0.000 0.000

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

  • BeijingWest Industries International has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • BeijingWest Industries International has only been paying a dividend for 2 years, and since then there has been no growth.
Current Payout to shareholders
What portion of BeijingWest Industries International's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (10.5x coverage).
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 BeijingWest Industries International'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 BeijingWest Industries International afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. BeijingWest Industries International 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.

Management

 What is the CEO of BeijingWest Industries International'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
Zhouping Chen
COMPENSATION HK$2,178,000
AGE 53
TENURE AS CEO 2.8 years
CEO Bio

Mr. Zhouping Chen, CPA has been the Managing Director and Executive Director of BeijingWest Industries International Limited since September 01, 2016. Mr. Chen served as Deputy Managing Director of Shougang Holding (Hong Kong) Limited and Fine Power Group Limited since November 2001 until December 21, 2012. He served as a Managing Director of Shougang Fushan Resources Group Limited since May 10, 2010 until August 31, 2014. He joined Shougang Corporation in 1988 and held various senior positions in the group of Shougang Corporation. He has extensive experience in steel industry, engineering design, human resources and management. Mr. Chen served as Deputy Managing Director of Shougang Concord International Enterprises Co. Ltd from November 2002 to December 21, 2012. Mr. Chen served as the Managing Director of Shougang Grand from February 2002 to November 2002. He has extensive experience in steel industry, engineering design, human resources and management. He served as the Managing Director of Shougang Concord Grand (Group) Limited. He served as a Vice Chairman and an Executive Director of Shougang Fushan Resources Group Limited since May 10, 2010 until August 31, 2014. He serves as a Director of Fine Power Group Limited. He served as a Non-Executive Director of Shougang Concord International Enterprises Co. Ltd. from December 21, 2012 to September 2014 and previously served as its Director from November 15, 2002 to December 21, 2012. He has been a Director of Grand Invest and Shougang China Gate, an affiliate of Shougang Concord since January 2002 and March 2002 respectively. He served as a Non Executive Director of Shougang Fushan Resources Group Limited since January 12, 2009 until May 10, 2010. He served as a Non-Executive Director of Mount Gibson Iron Limited from January 19, 2009 to April 29, 2014. He was a Director of Shougang International from November 2002 to September 2014. He is a Member of the Chinese Institute of Certified Public Accountants. Mr. Chen holds a Master degree in Business Administration from Qing Hua University and graduated from the School of Economics and Management, Beijing Tsinghua University. He is a Senior Economist.

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

Average tenure and age of the BeijingWest Industries International management team in years:

2.8
Average Tenure
50.5
Average Age
  • The tenure for the BeijingWest Industries International management team is about average.
Management Team

Yunan Jiang

TITLE
Chairman
AGE
58

Zhouping Chen

TITLE
MD & Executive Director
COMPENSATION
HK$2M
AGE
53
TENURE
2.8 yrs

Shaofeng Li

TITLE
Executive Director
AGE
52

Thomas Gold

TITLE
Executive Director
AGE
60

Shou Xuan

TITLE
Deputy GM
AGE
49

Dai Wei

TITLE
Executive Deputy General Manager of Norstar Automobile Industrial Holding Limited
COMPENSATION
HK$665K
AGE
44

Xiang Chen

TITLE
GM - Treasury Department
COMPENSATION
HK$665K
AGE
49
TENURE
15.5 yrs

Jiang Duo

TITLE
Chief Engineer
AGE
80

Chun Cheng

TITLE
Company Secretary & Financial Controller
AGE
44
TENURE
1.3 yrs

Pan Feng

TITLE
Technology Development Mngr
AGE
49
Board of Directors Tenure

Average tenure and age of the BeijingWest Industries International board of directors in years:

5.5
Average Tenure
60
Average Age
  • The tenure for the BeijingWest Industries International board of directors is about average.
Board of Directors

Yunan Jiang

TITLE
Chairman
AGE
58
TENURE
3.1 yrs

Zhouping Chen

TITLE
MD & Executive Director
COMPENSATION
HK$2M
AGE
53
TENURE
2.8 yrs

Shaofeng Li

TITLE
Executive Director
AGE
52
TENURE
5.5 yrs

Thomas Gold

TITLE
Executive Director
AGE
60
TENURE
2.8 yrs

Xiang Chen

TITLE
GM - Treasury Department
COMPENSATION
HK$665K
AGE
49
TENURE
15.5 yrs

Kenny Tam

TITLE
Independent Non-Executive Director
COMPENSATION
HK$240K
AGE
70
TENURE
5.5 yrs

Raymond Yip

TITLE
Independent Non-Executive Director
COMPENSATION
HK$240K
AGE
72
TENURE
5.5 yrs

Yaochun Zhang

TITLE
Non Executive Director
AGE
61
TENURE
5.5 yrs

Pat Lam Chan

TITLE
Independent Non-Executive Director
COMPENSATION
HK$30K
AGE
71
TENURE
0.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
X
Management checks
We assess BeijingWest Industries International'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. BeijingWest Industries International 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

Is BeijingWest Industries International Limited (HKG:2339) A Volatile Stock?

Volatility is considered to be a measure of risk in modern finance theory. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

How Should Investors React To BeijingWest Industries International Limited's (HKG:2339) CEO Pay?

Zhouping Chen became the CEO of BeijingWest Industries International Limited (HKG:2339) in 2016. … Check out our latest analysis for BeijingWest Industries International? … Our data indicates that BeijingWest Industries International Limited is worth HK$494m, and total annual CEO compensation is HK$2.2m.

Simply Wall St -

Introducing BeijingWest Industries International (HKG:2339), The Stock That Tanked 81%

BeijingWest Industries International Limited (HKG:2339) shareholders should be happy to see the share price up 21% in the last month. … By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … A more detailed examination of the revenue and earnings may or may not explain why the share price languishes; there could be an opportunity

Simply Wall St -

Are BeijingWest Industries International Limited's (HKG:2339) Interest Costs Too High?

While small-cap stocks, such as BeijingWest Industries International Limited (HKG:2339) with its market cap of HK$454m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Evaluating financial health as part of your investment thesis is

Simply Wall St -

How Does BeijingWest Industries International Limited (HKG:2339) Affect Your Portfolio Volatility?

Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

Shareholders Should Look Hard At BeijingWest Industries International Limited’s (HKG:2339) 2.4% Return On Capital

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Return On Capital Employed (ROCE): What is it? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

Are BeijingWest Industries International Limited's (HKG:2339) Interest Costs Too High?

While small-cap stocks, such as BeijingWest Industries International Limited (HKG:2339) with its market cap of HK$471m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … I believe these basic checks tell most of the story you need to know.

Simply Wall St -

Does BeijingWest Industries International Limited (HKG:2339) Go Up With The Market?

If you are looking to invest in BeijingWest Industries International Limited’s (HKG:2339), or currently own the stock, then you need to understand its beta in order to understand how it can affect the risk of your portfolio. … The other type of risk, which cannot be diversified away, is market risk. … Every stock in the market is exposed to this risk, which arises from macroeconomic factors such as economic growth and geo-political tussles just to name a few.

Simply Wall St -

Is BeijingWest Industries International Limited's (HKG:2339) Balance Sheet Strong Enough To Weather A Storm?

While small-cap stocks, such as BeijingWest Industries International Limited (HKG:2339) with its market cap of HK$723.67m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn.

Simply Wall St -

BeijingWest Industries International Limited (HKG:2339): Time For A Financial Health Check

2339 has built up its total debt levels in the last twelve months, from HK$208.89M to HK$567.13M , which is made up of current and long term debt. … With this increase in debt, 2339 currently has HK$713.23M remaining in cash and short-term investments for investing into the business. … Maintaining a high level of debt, while revenues are still below costs, can be dangerous as liquidity tends to dry up in unexpected downturns.Next Steps: 2339’s cash flow coverage indicates it could improve its operating efficiency in order to meet demand for debt repayments should unforeseen events arise.

Simply Wall St -

Company Info

Description

BeijingWest Industries International Limited, an investment holding company, manufactures, sells, and trades in automotive parts and components in Mainland China, the United Kingdom, Germany, the United States, and internationally. The company offers automotive controlled and passive suspension products primarily for passenger vehicles; and brake products that are used in sedans and sport utility vehicles for automobile manufacturers. It also provides brake shoes, friction materials, ball joints, molds, etc.; construction decorative hardware products; and research and technical services. The company was formerly known as Norstar Founders Group Limited and changed its name to BeijingWest Industries International Limited in January 2014. The company is based in Wanchai, Hong Kong. BeijingWest Industries International Limited is a subsidiary of BWI Company Limited.

Details
Name: BeijingWest Industries International Limited
2339
Exchange: SEHK
Founded:
HK$384,807,175
574,339,068
Website: http://www.bwi-intl.com.hk
Address: BeijingWest Industries International Limited
Harcourt House,
Rooms 1005-06,
Wanchai,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 2339 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 10. Oct 2003
OTCPK NFGR.F Ordinary Shares Pink Sheets LLC US USD 10. Oct 2003
Number of employees
Current staff
Staff numbers
880
BeijingWest Industries International employees.
Industry
Auto Parts and Equipment
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/19 12:40
End of day share price update: 2019/07/19 00:00
Last earnings filing: 2019/04/16
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.