Lonking Holdings
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Lonking Holdings Limited, an investment holding company, manufactures and distributes wheel loaders, road rollers, excavators, forklifts, and other construction machinery in Mainland China. The last earnings update was 30 days ago. More info.
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3339 Share Price and Events
7 Day Returns
1 Year Returns
3339 Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Lonking Holdings (3339) | -7% | 8.2% | 2.7% | -26.9% | 97% | 84.6% |
| HK Machinery | -3.9% | 5.6% | 24.2% | 11.2% | 66.1% | 42% |
| HK Market | -1.3% | 3.2% | 9.8% | -5.7% | 27% | 20.8% |
1 Year Return vs Industry and Market
- 3339 underperformed the Machinery industry which returned 11.2% over the past year.
- 3339 underperformed the Market in Hong Kong which returned -5.7% over the past year.
3339 Value
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
Lonking 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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Lonking Holdings.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 12 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 8.7% |
| 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.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year HK Govt Bond Rate | 2% |
| Equity Risk Premium | S&P Global | 6% |
| Machinery Unlevered Beta | Simply Wall St/ S&P Global | 1.07 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.067 (1 + (1- 25%) (13.29%)) |
1.116 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.12 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.116 * 5.96%) |
8.66% |
Discounted Cash Flow Calculation for SEHK:3339 using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Lonking 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.
| Levered FCF (CNY, Millions) | Source |
Present Value Discounted (@ 8.66%) |
|
|---|---|---|---|
| 2019 | 1,836.92 | Analyst x1 | 1,690.59 |
| 2020 | 1,873.80 | Analyst x1 | 1,587.15 |
| 2021 | 1,882.26 | Analyst x1 | 1,467.30 |
| 2022 | 1,856.94 | Est @ -1.35% | 1,332.25 |
| 2023 | 1,850.62 | Est @ -0.34% | 1,221.94 |
| 2024 | 1,857.32 | Est @ 0.36% | 1,128.68 |
| 2025 | 1,873.20 | Est @ 0.85% | 1,047.64 |
| 2026 | 1,895.66 | Est @ 1.2% | 975.74 |
| 2027 | 1,922.96 | Est @ 1.44% | 910.95 |
| 2028 | 1,953.90 | Est @ 1.61% | 851.87 |
| Present value of next 10 years cash flows | CN¥12,214.11 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= CN¥1,953.90 × (1 + 2%) ÷ (8.66% – 2%) |
CN¥29,957.79 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= CN¥29,957.79 ÷ (1 + 8.66%)10 |
CN¥13,061.09 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= CN¥12,214.11 + CN¥13,061.09 |
CN¥25,275.20 |
| Equity Value per Share (CNY) |
= Total value / Shares Outstanding
= CN¥25,275.20 / 4,280.10 |
CN¥5.91 |
| Calculation | Result | |
|---|---|---|
| Exchange Rate | CNY/HKD
(Reporting currency to currency of SEHK:3339) |
1.167 |
| Value per Share (HKD) |
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥5.91 x 1.167 |
HK$6.89 |
| Value per share (HKD) | From above. | HK$6.89 |
| Current discount | Discount to share price of
HK$2.64
= -1 x (HK$2.64 - HK$6.89) / HK$6.89 |
61.7% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Lonking Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Lonking 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 Lonking Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Lonking Holdings's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in CNY | CN¥0.27 |
| SEHK:3339 Share Price ** | SEHK (2019-04-25) in HKD | HK$2.64 |
| SEHK:3339 Share Price converted to CNY reporting currency | Exchange rate (HKD/ CNY) 0.857 | CN¥2.26 |
| Hong Kong Machinery Industry PE Ratio | Median Figure of 32 Publicly-Listed Machinery Companies | 10.19x |
| Hong Kong Market PE Ratio | Median Figure of 1,476 Publicly-Listed Companies | 12.09x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Lonking Holdings.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = SEHK:3339 Share Price ÷ EPS (both in CNY) = 2.26 ÷ 0.27 |
8.47x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Lonking Holdings is good value based on earnings compared to the HK Machinery industry average.
- Lonking Holdings is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does
Lonking Holdings's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 8.47x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts |
8.6%per year |
| Hong Kong Machinery Industry PEG Ratio | Median Figure of 11 Publicly-Listed Machinery Companies | 0.91x |
| Hong Kong Market PEG Ratio | Median Figure of 465 Publicly-Listed Companies | 0.86x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 8.47x ÷ 8.6% |
0.98x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Lonking Holdings is good value based on expected growth next year.
Price based on value of assets
What value do investors place on
Lonking Holdings's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in CNY | CN¥1.92 |
| SEHK:3339 Share Price * | SEHK (2019-04-25) in HKD | HK$2.64 |
| SEHK:3339 Share Price converted to CNY reporting currency | Exchange rate (HKD/ CNY) 0.857 | CN¥2.26 |
| Hong Kong Machinery Industry PB Ratio | Median Figure of 46 Publicly-Listed Machinery Companies | 0.89x |
| Hong Kong Market PB Ratio | Median Figure of 2,150 Publicly-Listed Companies | 1.02x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = SEHK:3339 Share Price ÷ Book Value per Share (both in CNY) = 2.26 ÷ 1.92 |
1.18x |
* Primary Listing of Lonking Holdings.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Lonking Holdings is overvalued based on assets compared to the HK Machinery industry average.
Value checks
We assess Lonking Holdings's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Machinery industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Machinery industry average (and greater than 0)? (1 check) Lonking Holdings 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.
3339 Future Performance
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!
Earnings growth vs Low Risk Savings
- Lonking Holdings's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
- Lonking Holdings's earnings growth is positive but not above the Hong Kong market average.
- Lonking Holdings's revenue growth is positive but not above the Hong Kong market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| SEHK:3339 Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts | 8.6% |
| SEHK:3339 Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts | 5.7% |
| Hong Kong Machinery Industry Earnings Growth Rate | Market Cap Weighted Average | 13% |
| Hong Kong Machinery Industry Revenue Growth Rate | Market Cap Weighted Average | 10.1% |
| Hong Kong Market Earnings Growth Rate | Market Cap Weighted Average | 11.9% |
| Hong Kong Market Revenue Growth Rate | Market Cap Weighted Average | 11.2% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 12 Analyst Estimates (S&P Global) | See Below |
| Date (Data in CNY Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 14,053 | 1,980 | 1,515 | 7 |
| 2020-12-31 | 13,927 | 1,569 | 1,446 | 12 |
| 2019-12-31 | 13,386 | 1,623 | 1,401 | 12 |
| Date (Data in CNY Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 11,868 | 1,144 | |
| 2018-09-30 | 11,489 | 1,198 | |
| 2018-06-30 | 11,109 | 904 | 1,252 |
| 2018-03-31 | 10,052 | 1,248 | 1,149 |
| 2017-12-31 | 8,994 | 1,592 | 1,046 |
| 2017-09-30 | 8,029 | 1,709 | 903 |
| 2017-06-30 | 7,064 | 1,827 | 760 |
| 2017-03-31 | 6,105 | 1,893 | 611 |
| 2016-12-31 | 5,146 | 1,960 | 462 |
| 2016-09-30 | 4,823 | 1,988 | 301 |
| 2016-06-30 | 4,500 | 2,016 | 139 |
| 2016-03-31 | 4,664 | 1,869 | 128 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 12 Analyst Estimates (S&P Global) | See Below |
All data from Lonking Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in CNY Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 0.36 | 0.47 | 0.24 | 7.00 |
| 2020-12-31 | 0.35 | 0.42 | 0.29 | 11.00 |
| 2019-12-31 | 0.34 | 0.38 | 0.29 | 10.00 |
| Date (Data in CNY Millions) | EPS * |
|---|---|
| 2018-12-31 | 0.27 |
| 2018-09-30 | 0.28 |
| 2018-06-30 | 0.29 |
| 2018-03-31 | 0.27 |
| 2017-12-31 | 0.24 |
| 2017-09-30 | 0.21 |
| 2017-06-30 | 0.18 |
| 2017-03-31 | 0.14 |
| 2016-12-31 | 0.11 |
| 2016-09-30 | 0.07 |
| 2016-06-30 | 0.03 |
| 2016-03-31 | 0.03 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Lonking Holdings's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Lonking 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.
3339 Past Performance
How has Lonking 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
Past Earnings growth analysis
- Lonking Holdings has delivered over 20% year on year earnings growth in the past 5 years.
- Lonking Holdings's 1-year earnings growth is less than its 5-year average (9.4% vs 31%)
- Lonking Holdings's earnings growth has not exceeded the HK Machinery industry average in the past year (9.4% vs 13.5%).
Earnings and Revenue History
All data from Lonking Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in CNY Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 11,868.32 | 1,143.87 | 873.05 | 544.50 |
| 2018-09-30 | 11,488.83 | 1,197.79 | 837.19 | 513.69 |
| 2018-06-30 | 11,109.34 | 1,251.71 | 801.33 | 482.89 |
| 2018-03-31 | 10,051.72 | 1,148.67 | 759.39 | 432.43 |
| 2017-12-31 | 8,994.10 | 1,045.64 | 717.45 | 381.97 |
| 2017-09-30 | 8,029.11 | 902.77 | 700.58 | 328.88 |
| 2017-06-30 | 7,064.13 | 759.91 | 683.71 | 275.80 |
| 2017-03-31 | 6,105.28 | 610.84 | 635.68 | 239.62 |
| 2016-12-31 | 5,146.44 | 461.76 | 587.65 | 203.44 |
| 2016-09-30 | 4,823.05 | 300.56 | 569.91 | 187.17 |
| 2016-06-30 | 4,499.67 | 139.36 | 552.16 | 170.90 |
| 2016-03-31 | 4,664.50 | 127.96 | 570.48 | 179.93 |
| 2015-12-31 | 4,829.33 | 116.56 | 588.80 | 188.97 |
| 2015-09-30 | 5,358.33 | 182.17 | 626.92 | 224.66 |
| 2015-06-30 | 5,887.33 | 247.79 | 665.03 | 260.34 |
| 2015-03-31 | 6,657.27 | 332.32 | 688.22 | 286.69 |
| 2014-12-31 | 7,427.21 | 416.86 | 711.41 | 313.04 |
| 2014-09-30 | 7,797.69 | 449.84 | 703.95 | 322.55 |
| 2014-06-30 | 8,168.18 | 482.82 | 696.50 | 332.05 |
| 2014-03-31 | 8,162.85 | 481.43 | 648.00 | 323.58 |
| 2013-12-31 | 8,157.52 | 480.05 | 599.50 | 315.12 |
| 2013-09-30 | 7,902.01 | 349.22 | 584.03 | 291.32 |
| 2013-06-30 | 7,646.49 | 218.40 | 568.56 | 267.52 |
| 2013-03-31 | 7,771.23 | 184.94 | 603.68 | 267.78 |
| 2012-12-31 | 7,895.96 | 151.49 | 638.80 | 268.03 |
| 2012-09-30 | 8,471.47 | 501.54 | 672.08 | 305.82 |
| 2012-06-30 | 9,046.98 | 851.60 | 705.36 | 343.61 |
*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.
- Lonking Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Lonking Holdings used its assets more efficiently than the HK Machinery industry average last year based on Return on Assets.
- Lonking Holdings has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Lonking Holdings's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Machinery industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Lonking 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.
3339 Health
How is Lonking 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 Lonking Holdings's finances.
The net worth of a company is the difference between its assets and liabilities.
- Lonking Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Lonking Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 8x 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.
All data from Lonking Holdings Company Filings, last reported 3 months ago.
| Date (Data in CNY Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 8,207.18 | 1,286.85 | 3,909.23 |
| 2018-09-30 | 8,207.18 | 1,286.85 | 3,909.23 |
| 2018-06-30 | 7,845.53 | 1,521.82 | 3,600.95 |
| 2018-03-31 | 7,845.53 | 1,521.82 | 3,600.95 |
| 2017-12-31 | 7,730.21 | 1,502.87 | 3,814.45 |
| 2017-09-30 | 7,730.21 | 1,502.87 | 3,814.45 |
| 2017-06-30 | 7,101.53 | 1,659.73 | 3,418.35 |
| 2017-03-31 | 7,101.53 | 1,659.73 | 3,418.35 |
| 2016-12-31 | 6,719.71 | 2,150.45 | 1,769.24 |
| 2016-09-30 | 6,719.71 | 2,150.45 | 1,769.24 |
| 2016-06-30 | 6,644.35 | 3,746.62 | 2,908.96 |
| 2016-03-31 | 6,644.35 | 3,746.62 | 2,908.96 |
| 2015-12-31 | 6,624.14 | 4,365.34 | 1,580.67 |
| 2015-09-30 | 6,624.14 | 4,365.34 | 1,580.67 |
| 2015-06-30 | 6,978.06 | 4,190.89 | 1,957.85 |
| 2015-03-31 | 6,978.06 | 4,190.89 | 1,957.85 |
| 2014-12-31 | 7,029.28 | 4,281.22 | 1,400.15 |
| 2014-09-30 | 7,029.28 | 4,281.22 | 1,400.15 |
| 2014-06-30 | 6,933.05 | 4,440.55 | 751.93 |
| 2014-03-31 | 6,933.05 | 4,440.55 | 751.93 |
| 2013-12-31 | 6,845.40 | 4,238.28 | 1,015.26 |
| 2013-09-30 | 6,845.40 | 4,238.28 | 1,015.26 |
| 2013-06-30 | 6,631.22 | 4,427.12 | 912.23 |
| 2013-03-31 | 6,631.22 | 4,427.12 | 912.23 |
| 2012-12-31 | 6,244.68 | 5,104.92 | 904.50 |
| 2012-09-30 | 6,244.68 | 5,104.92 | 904.50 |
| 2012-06-30 | 6,369.41 | 4,841.62 | 1,473.76 |
- Lonking Holdings's level of debt (15.7%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (61.9% vs 15.7% today).
- Debt is well covered by operating cash flow (70.2%, greater than 20% of total debt).
- Lonking Holdings earns more interest than it pays, coverage of interest payments is not a concern.
Financial health checks
We assess Lonking Holdings's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Lonking Holdings has a total score of 6/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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.
3339 Dividends
What is Lonking 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
If you bought
HK$2,000 of
Lonking Holdings
shares you are expected to receive
HK$151
in your first year as a dividend.
Dividend Amount
- Lonking Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (1.97%).
- Lonking Holdings's dividend is above the markets top 25% of dividend payers in Hong Kong (5.39%).
Upcoming dividend payment
Purchase Lonking Holdings before the 'Buy Limit' to receive their next dividend payment.
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.
| 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 12 Analyst Estimates (S&P Global) | See Below |
| Hong Kong Machinery Industry Average Dividend Yield | Market Cap Weighted Average of 24 Stocks | 4.8% |
| Hong Kong Market Average Dividend Yield | Market Cap Weighted Average of 966 Stocks | 3.4% |
| Hong Kong Minimum Threshold Dividend Yield | 10th Percentile | 1.1% |
| Hong Kong Bottom 25% Dividend Yield | 25th Percentile | 2% |
| Hong Kong Top 25% Dividend Yield | 75th Percentile | 5.4% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in CN¥) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-12-31 | 0.19 | 6.00 |
| 2020-12-31 | 0.18 | 10.00 |
| 2019-12-31 | 0.19 | 9.00 |
| Date (Data in CN¥) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-03-27 | 0.171 | 7.284 |
| 2018-03-27 | 0.128 | 5.918 |
| 2017-04-27 | 0.050 | 2.155 |
| 2016-05-26 | 0.014 | 1.145 |
| 2016-04-22 | 0.014 | 1.404 |
| 2016-03-29 | 0.014 | 1.229 |
| 2015-05-28 | 0.052 | 5.440 |
| 2014-07-18 | 0.051 | 4.302 |
| 2013-09-27 | 0.000 | 0.000 |
| 2013-08-29 | 0.000 | 0.000 |
| 2013-04-23 | 0.000 | 0.000 |
| 2013-03-28 | 0.000 | 0.000 |
| 2012-09-28 | 0.000 | 0.000 |
| 2012-03-27 | 0.121 | 8.470 |
| 2011-08-24 | 0.130 | 5.621 |
| 2011-06-10 | 0.164 | 5.434 |
| 2011-04-14 | 0.123 | 3.055 |
| 2011-03-21 | 0.122 | 2.591 |
| 2010-08-26 | 0.072 | 1.965 |
| 2010-03-30 | 0.059 | 2.512 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Lonking Holdings has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
- Dividend payments have increased, but Lonking Holdings only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of
Lonking Holdings's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are covered by earnings (1.5x coverage).
- Dividends after 3 years are expected to be covered by earnings (2x coverage).
Income/ dividend checks
We assess Lonking Holdings's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Lonking Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Lonking 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.
3339 Management
CEO
| COMPENSATION | CN¥3,255,000 |
| AGE | 67 |
| TENURE AS CEO | 3.3 years |
CEO Bio
Mr. San Yim Li is the Founder of Lonking Holdings Ltd. (Also called as China Infrastructure Machinery Holdings Ltd.) and serves as its Executive Chairman and has also been Chief Executive Officer since December 21, 2015. Mr. Li has extensive experience in corporate management and is responsible for formulating the Group’s management philosophy and business strategies. Mr. Li has been an Executive Director of Lonking Holdings Ltd. since May 11, 2004. He served as a Non Executive Member of Board of Directors of Weichai Power Co. Ltd. from December 18, 2002 to June 29, 2012. He served as Vice-chairman of the Fujian Province Federation of Industry and Commerce and Vice-chairman of the Longyan City Federation of Industry and Commerce. Mr. Li was appointed as a standing committee member of People’s Political Consultative Conference of Fujian Province), a standing committee member of the People’s Consultative Conference of Longyan City, executive committee member of the All-China Federation of Industry and Commerce. Mr. Li has also been accredited as one of the “Outstanding Enterprise Founders under Chinese Socialism and is an honorary citizen of Longyan City, Fujian Province.
CEO Compensation
- San's compensation has been consistent with company performance over the past year.
- San's remuneration is about average for companies of similar size in Hong Kong.
Management Team
San Li
Founder
CN¥3M
67
3.3 yrs
Kun Yin
CFO & Executive Director
CN¥677K
50
Chao Chen
Executive VP & Executive Director
CN¥937K
43
Jian Luo
VP & Executive Director
CN¥600K
71
Ke Zheng
VP, GM of Excavator Business Segment & Executive Director
CN¥937K
43
Shun Chu
Company Secretary & Financial Controller
40
9.7 yrs
Board of Directors Tenure
Average tenure and age of the Lonking Holdings board of directors in years:
- The tenure for the Lonking Holdings board of directors is about average.
Board of Directors
San Li
Founder
CN¥3M
67
Ngan Ngai
Non Executive Vice Chairman
CN¥1M
62
Kun Yin
CFO & Executive Director
CN¥677K
50
6.9 yrs
Chao Chen
Executive VP & Executive Director
CN¥937K
43
14.2 yrs
Jian Luo
VP & Executive Director
CN¥600K
71
14.2 yrs
Ke Zheng
VP, GM of Excavator Business Segment & Executive Director
CN¥937K
43
6.9 yrs
Shizheng Qian
Independent Non Executive Director
CN¥200K
66
14.2 yrs
Zhen Chen
Independent Non-Executive Director
CN¥100K
43
4.5 yrs
Jian Wu
Independent Non-Executive Director
CN¥100K
64
5.7 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (HK$) | Value (HK$) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 15. Oct 18 | Buy | San Li | Individual | 11. Oct 18 | 11. Oct 18 | 1,000,000 | HK$2.12 | HK$2,122,001 | ||
| 01. Sep 18 | Buy | Jian Luo | Individual | 30. Aug 18 | 30. Aug 18 | 1,100,000 | HK$2.83 | HK$3,112,997 | ||
| 01. Sep 18 | Sell | BlackRock, Inc. | Company | 30. Aug 18 | 30. Aug 18 | -20,702,000 | HK$2.84 | HK$-58,897,125 | ||
| 03. Sep 18 | Buy | Chao Chen | Individual | 31. Aug 18 | 31. Aug 18 | 96,000 | HK$2.71 | HK$260,160 | ||
| 07. Aug 18 | Buy | BlackRock, Inc. | Company | 02. Aug 18 | 02. Aug 18 | 8,826,000 | HK$3.57 | HK$31,484,084 | ||
Management checks
We assess Lonking Holdings's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Lonking 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.
3339 News
Simply Wall St News
Will Lonking Holdings Limited's (HKG:3339) Earnings Grow Over The Next Year?
On 31 December 2018, Lonking Holdings Limited (HKG:3339) announced its earnings update. … as a 22% increase in profits is expected in the upcoming year,
Simply Wall St - – Full articleHave Insiders Been Buying Lonking Holdings Limited (HKG:3339) Shares This Year?
So shareholders might well want to know whether insiders have been buying or selling shares in Lonking Holdings Limited (HKG:3339). … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … While Lonking Holdings insiders bought shares last year, they didn't sell.
Simply Wall St - – Full articleWhat Should Investors Know About Lonking Holdings Limited's (HKG:3339) Earnings Trend?
Lonking Holdings Limited's (HKG:3339) most recent earnings update in December 2018a … showed
Simply Wall St - – Full articleCould Lonking Holdings Limited's (HKG:3339) Investor Composition Influence The Stock Price?
Every investor in Lonking Holdings Limited (HKG:3339) should be aware of the most powerful shareholder groups. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … Lonking Holdings isn't enormous, but it's not particularly small either.
Simply Wall St - – Full articleLonking Holdings Limited (HKG:3339) Has Attractive Fundamentals
As an investor, I look for investments which does not compromise one fundamental factor for another. … By this I mean, I look at stocks holistically, from their financial health to their future outlook. … In the case of Lonking Holdings Limited (HKG:3339), it
Simply Wall St - – Full articleIs There Now An Opportunity In Lonking Holdings Limited (HKG:3339)?
As a stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock? … However, could the stock still be trading at a relatively cheap price. … Today I will analyse the most recent data on Lonking Holdings’s outlook and valuation to see if the opportunity still exists
Simply Wall St - – Full articleIs Lonking Holdings Limited's (HKG:3339) 16% ROE Better Than Average?
Our data shows Lonking Holdings has a return on equity of 16% for the last year. … Check out our latest analysis for Lonking Holdings? … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleCan You Imagine How Chuffed Lonking Holdings's Shareholders Feel About Its 165% Share Price Gain?
To wit, the Lonking Holdings Limited (HKG:3339) share price has flown 165% in the last three years. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … Lonking Holdings was able to grow its EPS at 44% per year over three years, sending the share price higher.
Simply Wall St - – Full articleAn Intrinsic Calculation For Lonking Holdings Limited (HKG:3339) Shows It's 47.65% Undervalued
I am going to run you through how I calculated the intrinsic value of Lonking Holdings Limited (HKG:3339). … by projecting its future cash flows and then discounting them to today's value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model.
Simply Wall St - – Full articleShould You Buy Lonking Holdings Limited (HKG:3339) For Its Dividend?
A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. … Historically, Lonking Holdings Limited (HKG:3339) has been paying a dividend to shareholders. … Let's take a look at Lonking Holdings in more detail.
Simply Wall St - – Full article3339 Company Info
Description
Lonking Holdings Limited, an investment holding company, manufactures and distributes wheel loaders, road rollers, excavators, forklifts, and other construction machinery in Mainland China. The company’s products include hydraulic excavators, skid steer loaders, motor graders, bulldozers, and stackers. It also develops and produces components, including gearboxes, torque converters, axles, hydraulic components, gear pipes and driver shaft, and other products; and provides loader, excavator, forklift, road machinery, warehouse, and other parts, as well as maintenance and support services. In addition, the company offers finance leasing for construction machinery. Further, it distributes wheel loaders and other machinery; and trades in construction machinery and components. The company also sells its products to approximately 40 countries in Mid and South America, Russia, Asia and Pacific area, Mid-East countries and Africa, etc. Lonking Holdings Limited was founded in 1993 and is headquartered in Shanghai, the People’s Republic of China.
Details
| Name: | Lonking Holdings Limited |
| 3339 | |
| Exchange: | SEHK |
| Founded: | 1993 |
| HK$11,299,464,000 | |
| 4,280,100,000 | |
| Website: | http://www.lonking.cn |
| Address: |
Lonking Holdings Limited No. 26, Mingyi Road, Xinqiao, Shanghai, 201612, China |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| SEHK | 3339 | Ordinary Shares | The Stock Exchange of Hong Kong Ltd. | HK | HKD | 17. Nov 2005 | |
| OTCPK | LONK.F | Ordinary Shares | Pink Sheets LLC | US | USD | 17. Nov 2005 | |
| DB | C9IB | Ordinary Shares | Deutsche Boerse AG | DE | EUR | 17. Nov 2005 | |
| SHSC | 3339 | Ordinary Shares | Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect | HK | HKD | 17. Nov 2005 | |
| SZSC | 3339 | Ordinary Shares | The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect | HK | HKD | 17. Nov 2005 | |
| OTCPK | LKHL.Y | ADR | Pink Sheets LLC | US | USD | 04. May 2010 |
Number of employees
Current staff
Industry
| Construction Machinery and Heavy Trucks | |
| Capital Goods |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/25 13:28 |
| End of day share price update: | 2019/04/25 00:00 |
| Last estimates confirmation: | 2019/04/17 |
| Last earnings filing: | 2019/03/26 |
| 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.
