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Watts International Maritime Engineering

SEHK:2258
Snowflake Description

Flawless balance sheet and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
2258
SEHK
HK$858M
Market Cap
  1. Home
  2. HK
  3. Capital Goods
Company description

Watts International Maritime Engineering Limited provides port, waterway, and marine engineering services in the People's Republic of China. The last earnings update was 88 days ago. More info.


Add to Portfolio Compare Print
  • Watts International Maritime Engineering has significant price volatility in the past 3 months.
2258 Share Price and Events
7 Day Returns
13.5%
SEHK:2258
1.3%
HK Construction
0.6%
HK Market
1 Year Returns
-
SEHK:2258
-11.2%
HK Construction
-4.5%
HK Market
2258 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Watts International Maritime Engineering (2258) 13.5% 1.9% -23.2% - - -
HK Construction 1.3% -6.1% -13.2% -11.2% -20.8% -4.4%
HK Market 0.6% 0.4% -7% -4.5% 17.8% 1.1%
1 Year Return vs Industry and Market
  • No trading data on 2258.
  • No trading data on 2258.
Price Volatility
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Watts International Maritime Engineering's competitors could be found in our database.

2258 Value

 Is Watts International Maritime Engineering 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 Watts International Maritime Engineering 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 Watts International Maritime Engineering.

SEHK:2258 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 8.1%
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:2258
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6%
Construction Unlevered Beta Simply Wall St/ S&P Global 1.04
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.036 (1 + (1- 25%) (0%))
1.024
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.02
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.024 * 5.96%)
8.11%

Discounted Cash Flow Calculation for SEHK:2258 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Watts International Maritime Engineering 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:2258 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 8.11%)
2020 182.23 Est @ 49.69% 168.56
2021 246.70 Est @ 35.38% 211.09
2022 309.29 Est @ 25.37% 244.79
2023 366.08 Est @ 18.36% 268.00
2024 415.32 Est @ 13.45% 281.25
2025 456.93 Est @ 10.02% 286.22
2026 491.71 Est @ 7.61% 284.91
2027 520.87 Est @ 5.93% 279.17
2028 545.62 Est @ 4.75% 270.51
2029 567.05 Est @ 3.93% 260.05
Present value of next 10 years cash flows CN¥2,554.55
SEHK:2258 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥567.05 × (1 + 2%) ÷ (8.11% – 2%)
CN¥9,474.53
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥9,474.53 ÷ (1 + 8.11%)10
CN¥4,344.93
SEHK:2258 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥2,554.55 + CN¥4,344.93
CN¥6,899.48
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥6,899.48 / 825.40
CN¥8.36
SEHK:2258 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:2258)
1.135
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥8.36 x 1.135
HK$9.48
Value per share (HKD) From above. HK$9.48
Current discount Discount to share price of HK$1.09
= -1 x (HK$1.09 - HK$9.48) / HK$9.48
88.5%

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

Current Discount
Amount off the current price Watts International Maritime Engineering is available for.
Intrinsic value
>50%
Share price is HK$1.09 vs Future cash flow value of HK$9.48
Current Discount Checks
For Watts International Maritime Engineering to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Watts International Maritime Engineering's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Watts International Maritime Engineering'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 Watts International Maritime Engineering's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Watts International Maritime Engineering's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:2258 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥0.16
SEHK:2258 Share Price ** SEHK (2019-07-22) in HKD HK$1.09
SEHK:2258 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.881 CN¥0.96
Hong Kong Construction Industry PE Ratio Median Figure of 105 Publicly-Listed Construction Companies 10.2x
Hong Kong Market PE Ratio Median Figure of 1,512 Publicly-Listed Companies 10.77x

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

** Primary Listing of Watts International Maritime Engineering.

SEHK:2258 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:2258 Share Price ÷ EPS (both in CNY)

= 0.96 ÷ 0.16

5.94x

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

  • Watts International Maritime Engineering is good value based on earnings compared to the HK Construction industry average.
  • Watts International Maritime Engineering is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Watts International Maritime Engineering's expected growth come at a high price?
Raw Data
SEHK:2258 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.94x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-0%per year
Hong Kong Construction Industry PEG Ratio Median Figure of 10 Publicly-Listed Construction Companies 0.56x
Hong Kong Market PEG Ratio Median Figure of 481 Publicly-Listed Companies 0.8x

*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 Watts International Maritime Engineering, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Watts International Maritime Engineering's assets?
Raw Data
SEHK:2258 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥0.64
SEHK:2258 Share Price * SEHK (2019-07-22) in HKD HK$1.09
SEHK:2258 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.881 CN¥0.96
Hong Kong Construction Industry PB Ratio Median Figure of 136 Publicly-Listed Construction Companies 1.37x
Hong Kong Market PB Ratio Median Figure of 2,198 Publicly-Listed Companies 0.92x
SEHK:2258 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:2258 Share Price ÷ Book Value per Share (both in CNY)

= 0.96 ÷ 0.64

1.49x

* Primary Listing of Watts International Maritime Engineering.

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

  • Watts International Maritime Engineering is overvalued based on assets compared to the HK Construction industry average.
X
Value checks
We assess Watts International Maritime Engineering'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 Construction 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 Construction industry average (and greater than 0)? (1 check)
  5. Watts International Maritime Engineering has a total score of 4/6, 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.

2258 Future Performance

 How is Watts International Maritime Engineering expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Watts International Maritime Engineering, 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
-0%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Watts International Maritime Engineering expected to grow at an attractive rate?
  • Watts International Maritime Engineering's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2%.
Growth vs Market Checks
  • Watts International Maritime Engineering's earnings are expected to decrease over the next 1-3 years, this is below the Hong Kong market average.
  • Unable to compare Watts International Maritime Engineering's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:2258 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:2258 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -0%
Hong Kong Construction Industry Earnings Growth Rate Market Cap Weighted Average 11.8%
Hong Kong Construction Industry Revenue Growth Rate Market Cap Weighted Average 9.6%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.3%
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:2258 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:2258 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 1,490 135 104
2017-12-31 1,412 0 87
2016-12-31 1,264 52 75

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Watts International Maritime Engineering's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Watts International Maritime Engineering 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:2258 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 Watts International Maritime Engineering Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:2258 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 0.16
2017-12-31 0.14
2016-12-31

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

2258 Past Performance

  How has Watts International Maritime Engineering 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 Watts International Maritime Engineering's growth in the last year to its industry (Construction).
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.
  • Insufficient data to establish if Watts International Maritime Engineering's year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Watts International Maritime Engineering's 1-year earnings growth to the 5-year average due to insufficient past data.
  • Watts International Maritime Engineering's earnings growth has exceeded the HK Construction industry average in the past year (19.2% vs -13.1%).
Earnings and Revenue History
Watts International Maritime Engineering'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 Watts International Maritime Engineering Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:2258 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 1,489.66 104.07 54.24
2017-12-31 1,411.97 87.27 40.66
2016-12-31 1,263.79 74.96 29.54
2015-12-31 1,124.65 63.75 29.64

*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.
  • Watts International Maritime Engineering has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Watts International Maritime Engineering used its assets less efficiently than the HK Construction industry average last year based on Return on Assets.
  • Watts International Maritime Engineering has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Watts International Maritime Engineering'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 Construction 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.
Watts International Maritime Engineering has a total score of 2/6, 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.

2258 Health

 How is Watts International Maritime Engineering'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 Watts International Maritime Engineering's finances.

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

SEHK:2258 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 532.22 0.00 385.89
2017-12-31 607.50 0.00 142.26
2016-12-31 407.25 0.00 6.19
2015-12-31 332.40 0.00
  • Watts International Maritime Engineering has no debt.
  • Watts International Maritime Engineering has not taken on any debt in the past 5 years.
  • Watts International Maritime Engineering has no debt, it does not need to be covered by operating cash flow.
  • Watts International Maritime Engineering has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Watts International Maritime Engineering'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. Watts International Maritime Engineering 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.

2258 Dividends

 What is Watts International Maritime Engineering'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 Watts International Maritime Engineering dividends.
If you bought HK$2,000 of Watts International Maritime Engineering 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 Watts International Maritime Engineering's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Watts International Maritime Engineering'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:2258 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 Construction Industry Average Dividend Yield Market Cap Weighted Average of 43 Stocks 3.9%
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.

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

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

2258 Management

 What is the CEO of Watts International Maritime Engineering'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
Yun Wan
COMPENSATION CN¥0
AGE 40
TENURE AS CEO 0.3 years
CEO Bio

Ms. Wan Yun has been Chief Executive Officer at Watts International Maritime Engineering Limited since March 27, 2019 and its Executive Director since April 9, 2018. Ms. Wan joined the Group in January 2010 in charge of accounting and financial management. Ms. Wan is a director of a number of subsidiaries of Watts International Group. From July 2002 to June 2006, Ms. Wan served in Fuyang Gallop Real Estate Development Co., Ltd., in charge of financial management. From January 2006 to December 2009, she served as the secretary to the board of directors of Shanghai Watts Gallop Holding Group Co., Ltd. From January 2010 to January 2012, she served at Shanghai Third Harbor Benteng Construction and Engineering Co., Ltd. as a chief accountant. From January 2012 to February 2018, she was the chief financial officer of Shanghai Watts Gallop Holding Group Co., Ltd. Ms. Wan obtained her bachelor of administration with a major in accounting from the China Agricultural University in July 2002.

CEO Compensation
  • Insufficient data for Yun to compare compensation growth.
  • Yun's remuneration is lower than average for companies of similar size in Hong Kong.
Management Team Tenure

Average tenure and age of the Watts International Maritime Engineering management team in years:

0.3
Average Tenure
38.5
Average Age
  • The average tenure for the Watts International Maritime Engineering management team is less than 2 years, this suggests a new team.
Management Team

Xiuchun Wang

TITLE
Chairman of the Board
COMPENSATION
CN¥341K
AGE
51

Yun Wan

TITLE
CEO & Executive Director
AGE
40
TENURE
0.3 yrs

Sheng Ye

TITLE
Chief Financial Officer
AGE
38
TENURE
0.3 yrs

Shizhong Wang

TITLE
Executive Director
AGE
54

Olive Chen

TITLE
Executive Director
AGE
32

Yichun Sha

TITLE
Deputy Executive Officer
AGE
39
TENURE
0.3 yrs

Lijiang Wang

TITLE
Company Secretary & Executive Director
AGE
31
TENURE
1.3 yrs

Yu Kit Wong

TITLE
Company Secretary
AGE
36
TENURE
1.2 yrs
Board of Directors Tenure

Average tenure and age of the Watts International Maritime Engineering board of directors in years:

1
Average Tenure
46.5
Average Age
  • The average tenure for the Watts International Maritime Engineering board of directors is less than 3 years, this suggests a new board.
Board of Directors

Xiuchun Wang

TITLE
Chairman of the Board
COMPENSATION
CN¥341K
AGE
51
TENURE
0.3 yrs

Yun Wan

TITLE
CEO & Executive Director
AGE
40
TENURE
1.3 yrs

Shizhong Wang

TITLE
Executive Director
AGE
54
TENURE
1.6 yrs

Olive Chen

TITLE
Executive Director
AGE
32
TENURE
1.3 yrs

Lijiang Wang

TITLE
Company Secretary & Executive Director
AGE
31
TENURE
1.3 yrs

Hongwei Wang

TITLE
Independent Non-executive Director
AGE
51
TENURE
0.8 yrs

Dajian Sun

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥22K
AGE
65
TENURE
0.8 yrs

Sze Ming How

TITLE
Independent Non-executive Director
AGE
42
TENURE
0.8 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 Watts International Maritime Engineering'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. Watts International Maritime Engineering 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.

2258 News

Simply Wall St News

What Kind Of Shareholder Appears On The Watts International Maritime Engineering Limited's (HKG:2258) Shareholder Register?

See our latest analysis for Watts International Maritime Engineering SEHK:2258 Ownership Summary, June 13th 2019 What Does The Lack Of Institutional Ownership Tell Us About Watts International Maritime Engineering? … SEHK:2258 Income Statement, June 13th 2019 We note that hedge funds don't have a meaningful investment in Watts International Maritime Engineering. … Insider Ownership Of Watts International Maritime Engineering The definition of company insiders can be subjective, and does vary between jurisdictions.

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Watts International Maritime Engineering Limited (HKG:2258) Earns Among The Best Returns In Its Industry

The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Watts International Maritime Engineering: 0.24 = CN¥140m ÷ (CN¥2.1b - CN¥1.5b) (Based on the trailing twelve months to December 2018.) So, Watts International Maritime Engineering has an ROCE of 24%. … Watts International Maritime Engineering's Current Liabilities And Their Impact On Its ROCE Current liabilities include invoices, such as supplier payments, short-term debt, or a tax bill, that need to be paid within 12 months. … Watts International Maritime Engineering's high level of current liabilities boost the ROCE - but its ROCE is still impressive.

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Watts International Maritime Engineering Limited (HKG:2258) Has A ROE Of 14%

To keep the lesson grounded in practicality, we'll use ROE to better understand Watts International Maritime Engineering Limited (HKG:2258). … Watts International Maritime Engineering has a ROE of 14%, based on the last twelve months. … See our latest analysis for Watts International Maritime Engineering?

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Are Watts International Maritime Engineering Limited’s Returns On Capital Worth Investigating?

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … What is Return On Capital Employed (ROCE)? … How Do You Calculate Return On Capital Employed

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2258 Company Info

Description

Watts International Maritime Engineering Limited provides port, waterway, and marine engineering services in the People's Republic of China. The company operates through two segments, Ports Infrastructure and Waterway Engineering. It engages in port infrastructure works, including wharf construction; and waterway engineering works comprising waterway dredging and improvement, and land reclamation. The company is headquartered in Shanghai, the People's Republic of China.

Details
Name: Watts International Maritime Engineering Limited
2258
Exchange: SEHK
Founded:
HK$858,416,000
825,400,000
Website: http://www.shbt-china.com
Address: Watts International Maritime Engineering Limited
Tower 17,
5th Floor,
Shanghai,
Shanghai Province, China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 2258 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 19. Nov 2018
Number of employees
Current staff
Staff numbers
264
Watts International Maritime Engineering employees.
Industry
Construction and Engineering
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/22 13:04
End of day share price update: 2019/07/22 00:00
Last earnings filing: 2019/04/25
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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

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