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Haitian International Holdings

SEHK:1882
Snowflake Description

Excellent balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1882
SEHK
HK$25B
Market Cap
  1. Home
  2. HK
  3. Capital Goods
Company description

Haitian International Holdings Limited, an investment holding company, researches, develops, processes, manufactures, distributes, and sells plastic injection molding machines. The last earnings update was 87 days ago. More info.


Add to Portfolio Compare Print
  • Haitian International Holdings has significant price volatility in the past 3 months.
1882 Share Price and Events
7 Day Returns
-0.5%
SEHK:1882
0.8%
HK Machinery
-0.2%
HK Market
1 Year Returns
-10.1%
SEHK:1882
8.6%
HK Machinery
-4.5%
HK Market
1882 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Haitian International Holdings (1882) -0.5% -3% -17% -10.1% 26.4% -13.4%
HK Machinery 0.8% 2.2% -11.2% 8.6% 58.1% 40.1%
HK Market -0.2% 2.7% -8.3% -4.5% 16.5% 1%
1 Year Return vs Industry and Market
  • 1882 underperformed the Machinery industry which returned 8.6% over the past year.
  • 1882 underperformed the Market in Hong Kong which returned -4.5% over the past year.
Price Volatility
1882
Industry
5yr Volatility vs Market

1882 Value

 Is Haitian International 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 Haitian International 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 Haitian International Holdings.

SEHK:1882 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 8 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.3%
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:1882
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6.7%
Machinery Unlevered Beta Simply Wall St/ S&P Global 1.08
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.081 (1 + (1- 25%) (8.36%))
1.1
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.1 * 6.65%)
9.32%

Discounted Cash Flow Calculation for SEHK:1882 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Haitian International 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:1882 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 9.32%)
2020 1,940.12 Analyst x3 1,774.77
2021 2,270.10 Analyst x3 1,899.64
2022 2,532.99 Est @ 11.58% 1,938.99
2023 2,753.55 Est @ 8.71% 1,928.18
2024 2,937.93 Est @ 6.7% 1,881.96
2025 3,093.30 Est @ 5.29% 1,812.60
2026 3,226.39 Est @ 4.3% 1,729.47
2027 3,342.95 Est @ 3.61% 1,639.23
2028 3,447.58 Est @ 3.13% 1,546.45
2029 3,543.83 Est @ 2.79% 1,454.15
Present value of next 10 years cash flows CN¥17,605.44
SEHK:1882 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥3,543.83 × (1 + 2%) ÷ (9.32% – 2%)
CN¥49,425.36
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥49,425.36 ÷ (1 + 9.32%)10
CN¥20,280.83
SEHK:1882 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥17,605.44 + CN¥20,280.83
CN¥37,886.27
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥37,886.27 / 1,596.00
CN¥23.74
SEHK:1882 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:1882)
1.136
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥23.74 x 1.136
HK$26.97
Value per share (HKD) From above. HK$26.97
Current discount Discount to share price of HK$15.60
= -1 x (HK$15.60 - HK$26.97) / HK$26.97
42.2%

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

Current Discount
Amount off the current price Haitian International Holdings is available for.
Intrinsic value
42%
Share price is HK$15.6 vs Future cash flow value of HK$26.97
Current Discount Checks
For Haitian International Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Haitian International Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Haitian International Holdings'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 Haitian International Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Haitian International Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:1882 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥1.20
SEHK:1882 Share Price ** SEHK (2019-07-19) in HKD HK$15.6
SEHK:1882 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.88 CN¥13.73
Hong Kong Machinery Industry PE Ratio Median Figure of 37 Publicly-Listed Machinery Companies 8.9x
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 Haitian International Holdings.

SEHK:1882 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1882 Share Price ÷ EPS (both in CNY)

= 13.73 ÷ 1.20

11.43x

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

  • Haitian International Holdings is overvalued based on earnings compared to the HK Machinery industry average.
  • Haitian International Holdings is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Haitian International Holdings's expected growth come at a high price?
Raw Data
SEHK:1882 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.43x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
10.8%per year
Hong Kong Machinery Industry PEG Ratio Median Figure of 12 Publicly-Listed Machinery Companies 0.7x
Hong Kong Market PEG Ratio Median Figure of 479 Publicly-Listed Companies 0.79x

*Line of best fit is calculated by linear regression .

SEHK:1882 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.43x ÷ 10.8%

1.06x

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

  • Haitian International Holdings is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Haitian International Holdings's assets?
Raw Data
SEHK:1882 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥7.47
SEHK:1882 Share Price * SEHK (2019-07-19) in HKD HK$15.6
SEHK:1882 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.88 CN¥13.73
Hong Kong Machinery Industry PB Ratio Median Figure of 50 Publicly-Listed Machinery Companies 0.98x
Hong Kong Market PB Ratio Median Figure of 2,197 Publicly-Listed Companies 0.92x
SEHK:1882 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1882 Share Price ÷ Book Value per Share (both in CNY)

= 13.73 ÷ 7.47

1.84x

* Primary Listing of Haitian International Holdings.

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

  • Haitian International Holdings is overvalued based on assets compared to the HK Machinery industry average.
X
Value checks
We assess Haitian International 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 Machinery 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 Machinery industry average (and greater than 0)? (1 check)
  5. Haitian International Holdings has a total score of 2/6, 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.

1882 Future Performance

 How is Haitian International Holdings expected to perform in the next 1 to 3 years based on estimates from 8 analysts?

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

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
10.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Haitian International Holdings expected to grow at an attractive rate?
  • Haitian International Holdings's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • Haitian International Holdings's earnings growth is positive but not above the Hong Kong market average.
  • Haitian International Holdings's revenue growth is positive but not above the Hong Kong market average.
Annual Growth Rates Comparison
Raw Data
SEHK:1882 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:1882 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 10.8%
SEHK:1882 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 7.2%
Hong Kong Machinery Industry Earnings Growth Rate Market Cap Weighted Average 12.9%
Hong Kong Machinery Industry Revenue Growth Rate Market Cap Weighted Average 10.3%
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:1882 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:1882 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 13,594 2,592 2,635 5
2020-12-31 11,910 2,355 2,176 8
2019-12-31 11,014 2,247 1,929 8
SEHK:1882 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 10,851 1,548 1,917
2018-09-30 10,939 1,666 2,075
2018-06-30 11,027 1,783 2,233
2018-03-31 10,606 1,790 2,119
2017-12-31 10,186 1,798 2,005
2017-09-30 9,730 1,857 1,904
2017-06-30 9,274 1,917 1,803
2017-03-31 8,686 1,923 1,677
2016-12-31 8,098 1,928 1,551
2016-09-30 7,723 1,714 1,510
2016-06-30 7,347 1,501 1,468
2016-03-31 7,342 1,279 1,416

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Haitian International Holdings's earnings are expected to grow by 10.8% yearly, however this is not considered high growth (20% yearly).
  • Haitian International Holdings's revenue is expected to grow by 7.2% 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
SEHK:1882 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 8 Analyst Estimates (S&P Global) See Below

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

SEHK:1882 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 1.64 2.03 1.44 5.00
2020-12-31 1.36 1.48 1.22 7.00
2019-12-31 1.21 1.34 1.07 7.00
SEHK:1882 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 1.20
2018-09-30 1.30
2018-06-30 1.40
2018-03-31 1.33
2017-12-31 1.26
2017-09-30 1.19
2017-06-30 1.13
2017-03-31 1.05
2016-12-31 0.97
2016-09-30 0.95
2016-06-30 0.92
2016-03-31 0.89

*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.
  • Haitian International Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Haitian International 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.
Haitian International Holdings has a total score of 1/6, 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.

1882 Past Performance

  How has Haitian International 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 Haitian International Holdings's growth in the last year to its industry (Machinery).
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.
  • Haitian International Holdings's year on year earnings growth rate has been positive over the past 5 years.
  • Haitian International Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Haitian International Holdings's 1-year earnings growth is negative, it can't be compared to the HK Machinery industry average.
Earnings and Revenue History
Haitian International 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 Haitian International Holdings Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1882 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 10,851.25 1,916.88 1,505.80
2018-09-30 10,938.87 2,074.88 1,468.82
2018-06-30 11,026.50 2,232.87 1,431.85
2018-03-31 10,606.28 2,119.13 1,378.55
2017-12-31 10,186.07 2,005.39 1,325.25
2017-09-30 9,730.07 1,904.00 1,250.79
2017-06-30 9,274.07 1,802.61 1,176.32
2017-03-31 8,686.06 1,676.75 1,136.43
2016-12-31 8,098.05 1,550.89 1,096.54
2016-09-30 7,722.62 1,509.69 1,067.41
2016-06-30 7,347.18 1,468.50 1,038.28
2016-03-31 7,341.81 1,415.92 1,034.71
2015-12-31 7,336.45 1,363.34 1,031.13
2015-09-30 7,468.13 1,339.09 1,047.98
2015-06-30 7,599.82 1,314.84 1,064.82
2015-03-31 7,580.04 1,309.93 1,058.42
2014-12-31 7,560.27 1,305.02 1,052.02
2014-09-30 7,475.48 1,259.13 1,044.29
2014-06-30 7,390.68 1,213.25 1,036.55
2014-03-31 7,295.67 1,209.74 1,007.53
2013-12-31 7,200.65 1,206.24 978.52
2013-09-30 6,988.90 1,137.38 932.56
2013-06-30 6,777.14 1,068.53 886.61
2013-03-31 6,556.39 1,027.28 858.38
2012-12-31 6,335.64 986.03 830.16
2012-09-30 6,416.23 987.19 844.38

*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.
  • Haitian International Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Haitian International Holdings used its assets more efficiently than the HK Machinery industry average last year based on Return on Assets.
  • Haitian International Holdings has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Haitian International 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 Machinery 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.
Haitian International Holdings 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.

1882 Health

 How is Haitian International 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 Haitian International Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Haitian International Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Haitian International Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Haitian International 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.
  • Debt is covered by short term assets, assets are 7.7x 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 Haitian International Holdings Company Filings, last reported 6 months ago.

SEHK:1882 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 11,927.11 1,862.17 8,248.73
2018-09-30 11,927.11 1,862.17 8,248.73
2018-06-30 11,370.40 1,421.76 7,114.23
2018-03-31 11,370.40 1,421.76 7,114.23
2017-12-31 10,561.35 2,087.61 7,808.56
2017-09-30 10,561.35 2,087.61 7,808.56
2017-06-30 9,788.18 1,781.29 7,257.10
2017-03-31 9,788.18 1,781.29 7,257.10
2016-12-31 9,119.08 2,069.62 7,071.68
2016-09-30 9,119.08 2,069.62 7,071.68
2016-06-30 8,454.97 2,100.73 6,023.98
2016-03-31 8,454.97 2,100.73 6,023.98
2015-12-31 8,020.31 1,706.32 5,191.08
2015-09-30 8,020.31 1,706.32 5,191.08
2015-06-30 7,449.47 1,569.66 4,738.04
2015-03-31 7,449.47 1,569.66 4,738.04
2014-12-31 7,084.31 1,225.75 4,277.12
2014-09-30 7,084.31 1,225.75 4,277.12
2014-06-30 6,553.70 1,269.21 3,918.13
2014-03-31 6,553.70 1,269.21 3,918.13
2013-12-31 6,167.26 636.19 3,633.73
2013-09-30 6,167.26 636.19 3,633.73
2013-06-30 5,708.35 646.42 2,919.91
2013-03-31 5,708.35 646.42 2,919.91
2012-12-31 5,335.47 428.15 2,881.13
2012-09-30 5,335.47 428.15 2,881.13
  • Haitian International Holdings's level of debt (15.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (10.4% vs 15.6% today).
  • Debt is well covered by operating cash flow (83.1%, greater than 20% of total debt).
  • Haitian International Holdings earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Haitian International 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. Haitian International Holdings 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.

1882 Dividends

 What is Haitian International 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
2.73%
Current annual income from Haitian International Holdings dividends. Estimated to be 3.4% next year.
If you bought HK$2,000 of Haitian International Holdings shares you are expected to receive HK$55 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?
  • Haitian International Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.09%).
  • Haitian International Holdings'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:1882 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 8 Analyst Estimates (S&P Global) See Below
Hong Kong Machinery Industry Average Dividend Yield Market Cap Weighted Average of 26 Stocks 3.2%
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:1882 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.54 6.00
2020-12-31 0.47 9.00
2019-12-31 0.40 8.00
SEHK:1882 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-03-18 0.375 2.612
2018-08-20 0.443 3.151
2018-04-24 0.434 2.808
2018-03-21 0.431 2.388
2017-08-21 0.361 1.934
2017-03-21 0.315 1.836
2016-04-15 0.292 2.395
2016-03-09 0.291 2.737
2015-04-16 0.288 2.707
2015-03-26 0.288 1.946
2014-09-16 0.252 2.003
2014-04-11 0.253 1.847
2014-03-26 0.256 2.044
2013-03-26 0.210 1.796
2012-08-20 0.192 2.617
2012-03-19 0.239 3.586
2011-08-22 0.276 4.806
2011-04-01 0.270 3.404
2011-03-31 0.303 3.527
2011-03-15 0.305 3.888
2010-08-25 0.253 3.763
2010-04-22 0.114 2.266
2010-03-24 0.114 2.244
2010-03-23 0.114 2.493
2009-08-19 0.053 1.654
2009-04-28 0.084 4.444
2008-09-10 0.145 14.875

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Haitian International Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.8x coverage).
X
Income/ dividend checks
We assess Haitian International 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 Haitian International Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Haitian International Holdings has a total score of 4/6, see the detailed checks below.


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

1882 Management

 What is the CEO of Haitian International 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
Jianming Zhang
COMPENSATION CN¥864,000
AGE 56
TENURE AS CEO 19.3 years
CEO Bio

Mr. Jianming Zhang has been the Chief Executive Officer of Haitian International Holdings Limited since April 2000 and also serves as Chief Executive Officer of Zhafir Plastics Machinery GmbH. Mr. Zhang is responsible for the overall daily operations of Haitian such as production, sales and marketing. Mr. Zhang joined Haitian International Holdings in August 1977 as Worker and gained extensive exposure in various departments. He has over 28 years of experience in the plastic processing machinery industry, Mr. Zhang is experienced in all facet of the overall operation of Haitian International Holdings. He serves as Executive director and general manager of Ningbo Haitian Logistics Co., Ltd. He has been an Executive Director at Jiangsu Haitian Metal Forming Co., Ltd., Haitian International Holdings Limited since July 13, 2006. He serves as an Executive Director of Dalian Changxing Haitian Property Co., Ltd., Haitian Precision Machinery(Hong Kong) Co., Limited, Haitian Guohua (Dalian) Seiko Machinery Co., Ltd., Haitian Precision Machinery Co., Ltd. and Zhafir Plastics Machinery GmbH. He serves as the Chairman of the Board at Ningbo Haitian Century Industrial Co., Ltd., Haitian Plastic Machinery (Guangzhou) Co., Ltd. and Ningbo Haitian North Chemical Technology Co., Ltd. He serves as a Director of Ningbo Haitian Huayuan Machinery Co., Ltd., Ningbo Daxie Development Zone Haitian Machinery Co., Ltd., Ningbo Changfei Asia Plastic Machinery Manufacturing Co., Ltd., Haitian Plastic Machinery Group Co., Ltd., Sunnew Investments Limited and Mega Power Investment Development Limited. He serves as a Director of Develop Kind Ltd., Guo Hua Limited, Ningbo Haitian Driving Co., Ltd., Richhigh Investments Limited, Haitian Asset Management Limited, Haitian Driving System(Hong Kong) Limited, Wuxi Haitian Machinery Co., Ltd., Ningbo Haitian Precision Machinery Co., Ltd. He serves as a Director of Sky Treasure and Premier Capital. He served as a Director of Ningbo Haitian Co., Ltd from July 1994 to April 2006. He serves as the Chairman of Ningbo Plastic Machine Industry Association. Mr. Zhang served as Member of the National Committee of the Chinese People's Political Consultative Conference in Beilun District in 1996 and as Director of the Quality Management Association of Beilun District of Ningbo from 1990 to 2000. In January 2006, Mr. Zhang was also selected as a representative of Ningbo's private enterprises to attend the National Science and Technology Conference. He obtained a Master in Business Administration from the Management College of Fudan University in July 2002.

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

Average tenure and age of the Haitian International Holdings management team in years:

11.5
Average Tenure
47
Average Age
  • The average tenure for the Haitian International Holdings management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Jingzhang Zhang

TITLE
Executive Chairman
COMPENSATION
CN¥818K
AGE
82

Jianming Zhang

TITLE
CEO & Executive Director
COMPENSATION
CN¥864K
AGE
56
TENURE
19.3 yrs

Jianfeng Zhang

TITLE
Senior VP of Sales & Marketing and Executive Director
COMPENSATION
CN¥814K
AGE
49
TENURE
17.5 yrs

Weiqun Chen

TITLE
Executive Director
COMPENSATION
CN¥1M
AGE
47

Bin Zhang

TITLE
Executive Director
COMPENSATION
CN¥894K
AGE
32

Chen Yun

TITLE
Chief Financial Officer
AGE
44
TENURE
0.3 yrs

Nanhong Fu

TITLE
Head of Technology
AGE
43
TENURE
6.5 yrs

Wenxian Yu

TITLE
Vice President of Human Resources & Administration
AGE
49
TENURE
16.5 yrs

Huajun Shi

TITLE
General Manager of the Internal Control & Investor Relation Department
AGE
47

Ka Lee

TITLE
Company Secretary
TENURE
0.4 yrs
Board of Directors Tenure

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

10.2
Average Tenure
53.5
Average Age
  • The average tenure for the Haitian International Holdings board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Jingzhang Zhang

TITLE
Executive Chairman
COMPENSATION
CN¥818K
AGE
82
TENURE
13 yrs

Jianming Zhang

TITLE
CEO & Executive Director
COMPENSATION
CN¥864K
AGE
56
TENURE
13 yrs

Jianfeng Zhang

TITLE
Senior VP of Sales & Marketing and Executive Director
COMPENSATION
CN¥814K
AGE
49
TENURE
13 yrs

Weiqun Chen

TITLE
Executive Director
COMPENSATION
CN¥1M
AGE
47
TENURE
1.3 yrs

Bin Zhang

TITLE
Executive Director
COMPENSATION
CN¥894K
AGE
32
TENURE
1.3 yrs

Baijun Lou

TITLE
Independent Non Executive Director
COMPENSATION
CN¥78K
AGE
55
TENURE
7.3 yrs

Hailiang Jin

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥78K
AGE
65
TENURE
6.3 yrs

Ningning Chen

TITLE
Non-Executive Director
COMPENSATION
CN¥450K
AGE
56
TENURE
13 yrs

Mingguang Guo

TITLE
Non-Executive Director
AGE
52
TENURE
13 yrs

Chi Lo

TITLE
Independent Non-Executive Director
AGE
45
TENURE
0.4 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$) Value (HK$)
07. Mar 19 Sell Schroder Investment Management (Singapore) Ltd Company 04. Mar 19 04. Mar 19 -2,181,000 HK$18.14 HK$-39,553,312
X
Management checks
We assess Haitian International 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. Haitian International 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.

1882 News

Simply Wall St News

Did Haitian International Holdings Limited's (HKG:1882) Recent Earnings Growth Beat The Trend?

Measuring Haitian International Holdings Limited's (HKG:1882) track record of past performance is a valuable exercise for investors. … Today I will assess 1882's recent performance announced on 30 June 2018 and compare these figures to its historical trend and industry movements. … See our latest analysis for Haitian International Holdings?

Simply Wall St -

Should You Be Impressed By Haitian International Holdings Limited's (HKG:1882) ROE?

To keep the lesson grounded in practicality, we'll use ROE to better understand Haitian International Holdings Limited (HKG:1882). … Over the last twelve months Haitian International Holdings has recorded a ROE of 20%. … Check out our latest analysis for Haitian International Holdings?

Simply Wall St -

A Look At The Intrinsic Value Of Haitian International Holdings Limited (HKG:1882)

by taking the expected future cash flows and discounting them to today's value. … discounted cash flows (DCF). … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model

Simply Wall St -

Is Haitian International Holdings Limited (HKG:1882) A Financially Strong Company?

Small-caps and large-caps are wildly popular among investors; however, mid-cap stocks, such as Haitian International Holdings Limited (HKG:1882) with a market-capitalization of CN¥24.32b, rarely draw their attention. … However, history shows that overlooked mid-cap companies have performed better on a risk-adjusted manner than the smaller and larger segment of the market. … See our latest analysis for Haitian International Holdings

Simply Wall St -

There's An Opportunity With Haitian International Holdings Limited (HKG:1882)

I'm talking about the well-proven, robust track record Haitian International Holdings Limited. … View our latest analysis for Haitian International Holdings. … Haitian International Holdings Limited, an investment holding company, researches, develops, processes, manufactures, distributes, and sells plastic injection molding machines

Simply Wall St -

Why You Should Be Bullish On Haitian International Holdings Limited (HKG:1882)

Haitian International Holdings Limited (HKG:1882)'s outlook is one of buoyant sentiment as it continues to post exciting top-line revenue growth. … First, a short introduction to the company is in order. … Haitian International Holdings Limited, an investment holding company, researches, develops, processes, manufactures, distributes, and sells plastic injection molding machines.

Simply Wall St -

What Is Driving Haitian International Holdings Limited's (HKG:1882) Margins In The Next Few Years?

With analysts forecasting … Haitian International Holdings Limited (HKG:1882) to … earnings growth of 10.73% annualised

Simply Wall St -

When Should You Buy Haitian International Holdings Limited (HKG:1882)?

Haitian International Holdings Limited (HKG:1882), a machinery company based in Hong Kong,. … A question to answer is whether Haitian International Holdings's current trading price of HK$17 reflective of the actual value of the? … Let’s take a look at Haitian International Holdings’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

How Confident Are Insiders About Haitian International Holdings Limited (HKG:1882)?

some insider buying over the past three months, with insiders investing in. … Generally, insiders buying more shares in their own firm sends a bullish signal … A research published in The MIT Press (1998) concluded that stocks following insider buying outperformed the market by 4.5%

Simply Wall St -

How Haitian International Holdings Limited (HKG:1882) Delivered A Better ROE Than Its Industry

and looking to gauge the potential return on investment in Haitian International Holdings Limited (HKG:1882). … With an ROE of 18.99%, Haitian International Holdings Limited (HKG:1882) outpaced its own industry which delivered a less exciting 7.11% over the past year. … With more debt, 1882 can invest even more and earn more money, thus pushing up its returns.

Simply Wall St -

1882 Company Info

Description

Haitian International Holdings Limited, an investment holding company, researches, develops, processes, manufactures, distributes, and sells plastic injection molding machines. The company offers injection molding machines under the Haitian, Zhafir, and Tianjian names. It is also involved in the trading of machinery and related accessories; sale of software of plastic injection molding machines; and provision of logistic services. The company serves household, electronic, packaging, and medical industries. It operates in Mainland China, Hong Kong, and internationally. The company was founded in 1966 and is headquartered in Kwai Fong, Hong Kong. Haitian International Holdings Limited is a subsidiary of Sky Treasure Capital Limited.

Details
Name: Haitian International Holdings Limited
1882
Exchange: SEHK
Founded: 1966
HK$25,312,560,000
1,596,000,000
Website: http://www.haitianinter.com
Address: Haitian International Holdings Limited
Metroplaza Tower 2,
Unit 1105,
Kwai Fong,
New Territories, Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1882 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 22. Dec 2006
OTCPK HAII.F Ordinary Shares Pink Sheets LLC US USD 22. Dec 2006
DB HI6 Ordinary Shares Deutsche Boerse AG DE EUR 22. Dec 2006
SHSC 1882 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 22. Dec 2006
SZSC 1882 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 22. Dec 2006
Number of employees
Current staff
Staff numbers
6,390
Haitian International Holdings employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/19 12:52
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/07/19
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.