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Shanghai Industrial Holdings

SEHK:363
Snowflake Description

Established dividend payer and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
363
SEHK
HK$18B
Market Cap
  1. Home
  2. HK
  3. Capital Goods
Company description

Shanghai Industrial Holdings Limited, an investment holding company, engages in the infrastructure facilities, real estate, and consumer products businesses in Hong Kong and the People’s Republic of China. The last earnings update was 91 days ago. More info.


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363 Share Price and Events
7 Day Returns
-1.2%
SEHK:363
-1%
HK Industrials
0.6%
HK Market
1 Year Returns
-5.6%
SEHK:363
-6.4%
HK Industrials
-5.9%
HK Market
363 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Shanghai Industrial Holdings (363) -1.2% 2.2% -11.4% -5.6% -6.7% -33.9%
HK Industrials -1% 1.9% -9.2% -6.4% -5.2% -28.9%
HK Market 0.6% 3.7% -8.2% -5.9% 17.2% 4.8%
1 Year Return vs Industry and Market
  • 363 matched the Industrials industry (-6.4%) over the past year.
  • 363 matched the Hong Kong Market (-5.9%) over the past year.
Price Volatility
363
Industry
5yr Volatility vs Market

363 Value

 Is Shanghai Industrial 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
  • It is not possible to calculate the future cash flow value for Shanghai Industrial Holdings. This is due to cash flow or dividend data being unavailable. The share price is HK$16.8.
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 Shanghai Industrial Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Shanghai Industrial Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:363 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in HKD HK$3.07
SEHK:363 Share Price ** SEHK (2019-07-16) in HKD HK$16.8
Hong Kong Industrials Industry PE Ratio Median Figure of 12 Publicly-Listed Industrials Companies 6.9x
Hong Kong Market PE Ratio Median Figure of 1,503 Publicly-Listed Companies 10.71x

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

** Primary Listing of Shanghai Industrial Holdings.

SEHK:363 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:363 Share Price ÷ EPS (both in HKD)

= 16.8 ÷ 3.07

5.48x

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

  • Shanghai Industrial Holdings is good value based on earnings compared to the HK Industrials industry average.
  • Shanghai Industrial Holdings is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Shanghai Industrial Holdings's expected growth come at a high price?
Raw Data
SEHK:363 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.48x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
6.3%per year
Hong Kong Industrials Industry PEG Ratio Median Figure of 6 Publicly-Listed Industrials Companies 1.07x
Hong Kong Market PEG Ratio Median Figure of 477 Publicly-Listed Companies 0.8x

*Line of best fit is calculated by linear regression .

SEHK:363 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 5.48x ÷ 6.3%

0.87x

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

  • Shanghai Industrial Holdings is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Shanghai Industrial Holdings's assets?
Raw Data
SEHK:363 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in HKD HK$37.96
SEHK:363 Share Price * SEHK (2019-07-16) in HKD HK$16.8
Hong Kong Industrials Industry PB Ratio Median Figure of 14 Publicly-Listed Industrials Companies 0.6x
Hong Kong Market PB Ratio Median Figure of 2,190 Publicly-Listed Companies 0.92x
SEHK:363 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:363 Share Price ÷ Book Value per Share (both in HKD)

= 16.8 ÷ 37.96

0.44x

* Primary Listing of Shanghai Industrial Holdings.

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

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

363 Future Performance

 How is Shanghai Industrial Holdings expected to perform in the next 1 to 3 years based on estimates from 3 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
6.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Shanghai Industrial Holdings expected to grow at an attractive rate?
  • Shanghai Industrial Holdings's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • Shanghai Industrial Holdings's earnings growth is positive but not above the Hong Kong market average.
  • Shanghai Industrial Holdings's revenue growth is positive but not above the Hong Kong market average.
Annual Growth Rates Comparison
Raw Data
SEHK:363 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:363 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 6.3%
SEHK:363 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 4.6%
Hong Kong Industrials Industry Earnings Growth Rate Market Cap Weighted Average 5.3%
Hong Kong Industrials Industry Revenue Growth Rate Market Cap Weighted Average 7.5%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.3%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.5%

*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:363 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:363 Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 34,998 6,824 4,010 1
2020-12-31 33,179 5,234 3,765 3
2019-12-31 31,677 5,250 3,511 3
SEHK:363 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-12-31 30,413 359 3,333
2018-09-30 31,565 -1,258 3,417
2018-06-30 32,702 -2,341 3,516
2018-03-31 31,103 613 3,333
2017-12-31 29,520 3,032 3,135
2017-09-30 27,274 6,909 3,064
2017-06-30 25,044 9,929 2,981
2017-03-31 23,588 9,857 2,942
2016-12-31 22,132 9,785 2,903
2016-09-30 21,958 6,607 2,979
2016-06-30 21,784 3,430 3,054
2016-03-31 20,739 1,908 2,941

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Shanghai Industrial Holdings's earnings are expected to grow by 6.3% yearly, however this is not considered high growth (20% yearly).
  • Shanghai Industrial Holdings's revenue is expected to grow by 4.6% 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:363 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 3 Analyst Estimates (S&P Global) See Below

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

SEHK:363 Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 3.80 3.96 3.65 2.00
2020-12-31 3.53 3.76 3.43 4.00
2019-12-31 3.29 3.41 3.22 4.00
SEHK:363 Past Financials Data
Date (Data in HKD Millions) EPS *
2018-12-31 3.07
2018-09-30 3.14
2018-06-30 3.23
2018-03-31 3.07
2017-12-31 2.88
2017-09-30 2.82
2017-06-30 2.74
2017-03-31 2.71
2016-12-31 2.67
2016-09-30 2.74
2016-06-30 2.81
2016-03-31 2.71

*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.
  • Shanghai Industrial Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Shanghai Industrial 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.
Shanghai Industrial 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.

363 Past Performance

  How has Shanghai Industrial 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 Shanghai Industrial Holdings's growth in the last year to its industry (Industrials).
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.
  • Shanghai Industrial Holdings's year on year earnings growth rate has been positive over the past 5 years.
  • Shanghai Industrial Holdings's 1-year earnings growth exceeds its 5-year average (6.3% vs 4%)
  • Shanghai Industrial Holdings's earnings growth has not exceeded the HK Industrials industry average in the past year (6.3% vs 8.8%).
Earnings and Revenue History
Shanghai Industrial 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 Shanghai Industrial Holdings Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:363 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 30,412.88 3,333.02 3,385.77
2018-09-30 31,565.41 3,416.87 3,491.80
2018-06-30 32,701.90 3,516.01 3,590.97
2018-03-31 31,103.09 3,333.24 3,525.25
2017-12-31 29,520.33 3,135.18 3,466.39
2017-09-30 27,274.30 3,063.64 3,439.73
2017-06-30 25,044.31 2,981.43 3,413.27
2017-03-31 23,588.03 2,942.23 3,395.58
2016-12-31 22,131.76 2,903.03 3,377.89
2016-09-30 21,957.69 2,978.68 3,088.14
2016-06-30 21,783.62 3,054.32 2,798.38
2016-03-31 20,738.65 2,940.54 2,742.14
2015-12-31 19,693.68 2,826.76 2,685.89
2015-09-30 20,343.23 2,582.58 2,754.75
2015-06-30 20,836.18 2,458.12 2,772.14
2015-03-31 21,084.60 2,777.19 2,765.15
2014-12-31 21,333.02 3,096.26 2,758.16
2014-09-30 20,873.71 3,035.90 2,804.55
2014-06-30 20,414.40 2,975.54 2,850.93
2014-03-31 20,991.06 2,838.98 2,803.03
2013-12-31 21,567.72 2,702.42 2,755.13
2013-09-30 21,703.81 2,636.42 2,700.76
2013-06-30 21,839.90 2,570.43 2,646.39
2013-03-31 20,563.40 3,004.32 2,586.64
2012-12-31 19,286.91 3,438.21 2,526.89
2012-09-30 16,520.14 3,416.03 2,334.48

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

363 Health

 How is Shanghai Industrial 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 Shanghai Industrial Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Shanghai Industrial Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Shanghai Industrial Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Shanghai Industrial 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 1.8x 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.
Raw Data

All data from Shanghai Industrial Holdings Company Filings, last reported 6 months ago.

SEHK:363 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 69,502.97 51,710.62 26,080.51
2018-09-30 69,502.97 51,710.62 26,080.51
2018-06-30 71,921.74 54,233.85 25,866.91
2018-03-31 71,921.74 54,233.85 25,866.91
2017-12-31 71,187.94 53,397.37 33,158.25
2017-09-30 70,953.23 52,995.15 32,658.38
2017-06-30 65,689.09 49,872.40 32,885.80
2017-03-31 65,689.09 49,872.40 32,885.80
2016-12-31 62,472.52 46,301.65 31,849.13
2016-09-30 62,472.52 46,301.65 31,849.13
2016-06-30 60,414.01 36,270.95 25,818.66
2016-03-31 60,414.01 36,270.95 25,818.66
2015-12-31 55,293.25 48,695.64 28,569.37
2015-09-30 55,289.71 50,080.33 28,542.64
2015-06-30 56,490.30 47,804.06 25,173.39
2015-03-31 56,490.30 47,804.06 25,173.39
2014-12-31 53,432.19 47,237.85 28,047.55
2014-09-30 53,432.19 47,237.85 28,047.55
2014-06-30 53,061.73 38,017.76 25,138.63
2014-03-31 53,061.73 38,017.76 25,138.63
2013-12-31 52,379.81 38,077.30 27,065.51
2013-09-30 52,379.81 38,077.30 27,065.51
2013-06-30 50,289.61 35,669.48 17,614.50
2013-03-31 50,289.61 35,669.48 17,614.50
2012-12-31 48,239.03 37,314.61 19,869.74
2012-09-30 48,239.03 37,314.61 19,869.74
  • Shanghai Industrial Holdings's level of debt (74.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (72.7% vs 74.4% today).
  • Debt is not well covered by operating cash flow (0.7%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.7x coverage).
X
Financial health checks
We assess Shanghai Industrial 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. Shanghai Industrial Holdings has a total score of 3/6, 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.

363 Dividends

 What is Shanghai Industrial 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
6.19%
Current annual income from Shanghai Industrial Holdings dividends. Estimated to be 6.68% next year.
If you bought HK$2,000 of Shanghai Industrial Holdings shares you are expected to receive HK$124 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?
  • Shanghai Industrial Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.08%).
  • Shanghai Industrial Holdings's dividend is above 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:363 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 3 Analyst Estimates (S&P Global) See Below
Hong Kong Industrials Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 4%
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:363 Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 1.23 3.00
2020-12-31 1.13 4.00
2019-12-31 1.05 5.00
SEHK:363 Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2019-03-28 1.040 5.976
2018-08-29 0.960 5.688
2018-03-28 0.960 4.983
2017-04-13 0.820 3.575
2017-03-29 0.820 3.501
2016-04-14 0.810 3.999
2016-03-31 0.810 4.624
2015-09-15 0.720 3.853
2015-08-31 0.720 3.938
2015-04-14 0.900 3.533
2015-03-30 0.900 3.356
2014-04-14 0.870 3.626
2014-03-31 0.870 3.425
2013-04-18 1.080 4.214
2013-03-26 1.080 4.481
2012-09-13 1.080 4.268
2012-04-19 2.160 9.835
2012-03-30 1.080 4.456
2011-08-30 1.080 4.584
2011-03-30 1.080 3.882
2010-08-30 1.100 3.300
2010-03-31 1.080 3.216
2009-09-01 0.840 2.220
2009-04-21 0.810 2.503
2008-09-18 0.900 5.192
2008-09-02 0.900 4.228

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 Shanghai Industrial 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 (3x coverage).
X
Income/ dividend checks
We assess Shanghai Industrial 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 Shanghai Industrial Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Shanghai Industrial Holdings has a total score of 5/6, see the detailed checks below.


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

363 Management

 What is the CEO of Shanghai Industrial 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
Jun Zhou
COMPENSATION HK$6,195,000
AGE 50
TENURE AS CEO 2.9 years
CEO Bio

Mr. Jun Zhou has been Vice Chairman and Chief Executive Officer of Shanghai Industrial Investment (Holding) Co., Ltd. since August 25, 2016 and serves as its Executive Director. Mr. Zhou has been the President of Shanghai Industrial Investment (Holding) Co., Ltd. since September 26, 2016. He has been Vice Chairman and Chief Executive Officer of Shanghai Industrial Holdings Limited since August 25, 2016 and also has been its Executive Director since April 15, 2009. He has 20 years of professional experience in securities, finance, real estate and project planning. He served as Managing Director of Shanghai Galaxy Investments Co., Ltd. He served as General Manager of Investment Planning Department of Shanghai Industrial Investment (Holdings) Co., Ltd. as well. He served as a Vice President of Shanghai Industrial Investment (Holdings) Co., Ltd. since March 2009 until August 25, 2016 and also served as its Executive Director since May 2012. He served as Deputy General Manager of the investment banking head office of Shanghai Wanquo Holdings Ltd. (now Shenyin & Wanguo Securities Co. Ltd.). He served as a Deputy Chief Executive Officer of Shanghai Industrial Holdings Limited (SIHL) from December 2005 to August 25, 2016. He served as Deputy General Manager of SIIC Real Estate Holdings (Shanghai) Co., Ltd. and Shanghai Pharmaceutical Co., Ltd., (formerly Shanghai United Industrial Co., Ltd.). He served as General Manager of the Strategic Department of SIIC. He worked for Guotai Junan Securities Co., (formerly Guotai Securities Co., Ltd.). He joined SIIC in April 1996, where he served as the Chairman and General Manager of Shanghai SI. Capital Co. Ltd. Mr. Zhou has been Non-Executive Chairman of SIIC Environment Holdings Ltd since March 12, 2018. He served as an Executive Chairman of SIIC Environment Holdings Ltd. since May 4, 2012 until March 12, 2018. He has been the Chairman of the Board at Shanghai Pharmaceuticals Holding Co., Ltd. since October 20, 2016. He serves as the Chairman of United Runtong Water Co., Ltd., Hangzhou Huqingyutang Pharmaceutical Co. Ltd., Shanghai Galaxy Investment Co., Ltd., Shanghai Industrial Management (Shanghai) Limited and United Run Tong Water Company Limited. He also served as the Chairman of Shanghai Shengtai Investment and Management Limited, a subsidiary of Shanghai Charity Foundation, since June 2014. He served as the Chairman of SIIC Management (Shanghai) Ltd. since November 2010, Shanghai Galaxy Investments Co., Ltd. since July 2009, S.I.Infrastructure Holdings Limited since March 2009 and Shanghai Shen-Yu Development Co., Ltd. since November 2009. He served as the Chairman of Shanghai Hu-Ning Expressway (Shanghai Section) Co. Ltd. and Shanghai Luqiao Development Co., Ltd. since April 2009. He served as an Executive Deputy Chairman of SIIC Environment Holdings Ltd. from March 05, 2012 to May 4, 2012. He has been an Executive Director of SIIC Environment Holdings Ltd. since March 05, 2012. He serves as a Director of Shanghai Urban Development and General Water of China Co. Ltd., SIIC Investment (Shanghai) Co., Ltd., Shanghai Industrial United Holdings Co. Ltd., Chia Tai Qingchunbao Pharmaceutical Co. Ltd., Shanghai Sunway Biotech Co. Ltd., The Wing Fat Printing Co. Ltd. and Shanghai Information Investment Inc. He serves as a Non-Executive Director of Shanghai Fudan-Zhangjiang Bio-Pharmaceutical Co. Ltd. Mr. Zhou has been a Director of Shanghai Urban Development (Holdings) Co., Ltd. (SUD) since July 9, 2007. He served as an Independent Non Executive Director of Zhejiang Expressway Co. Ltd. from June 11, 2012 to April 2, 2018. He served as an Executive Director of Shanghai Industrial Urban Development Group Limited since July 5, 2010 until June 30, 2017. He served as a Non Executive Director SIIC Environment Holdings Ltd. from April 10, 2010 to March 05, 2012. He serves as Chairman of the Supervisory Committee of Bright Dairy and Food Co. Ltd. He serves as a Member of The Executive Committee of the Chinese People's Political Consultative Conference in Shanghai. He is a Member of the Shanghai Municipal People’s Congress. He is an Economist. Mr. Zhou graduated from Nanjing University with a BA in Economics in 1991 and from Fudan University with a Master’s degree in Economics (International Finance) in 1994.

CEO Compensation
  • Jun's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.
  • Jun's remuneration is higher than average for companies of similar size in Hong Kong.
Management Team Tenure

Average tenure and age of the Shanghai Industrial Holdings management team in years:

2.9
Average Tenure
55
Average Age
  • The tenure for the Shanghai Industrial Holdings management team is about average.
Management Team

Xiao Chu Shen

TITLE
Executive Chairman
COMPENSATION
HK$5M
AGE
57
TENURE
1.4 yrs

Jun Zhou

TITLE
Vice Chairman & CEO
COMPENSATION
HK$6M
AGE
50
TENURE
2.9 yrs

Bo Xu

TITLE
Deputy CEO & Executive Director
COMPENSATION
HK$3M
AGE
57
TENURE
6.6 yrs

Zhan Xu

TITLE
Executive Director
COMPENSATION
HK$521K
AGE
50
TENURE
2.7 yrs

Cherie Chan

TITLE
CFO & Assistant CEO
AGE
51
TENURE
14.8 yrs

Jackson Yee

TITLE
Company Secretary and Chief Legal & Compliance Officer
AGE
55

Han Sheng Li

TITLE
Deputy Chief Executive Officer
AGE
55
TENURE
7.3 yrs

Xiao Bing Xu

TITLE
Deputy Chief Executive Officer
AGE
51
TENURE
2.7 yrs

Yi Chen

TITLE
Executive
AGE
58
Board of Directors Tenure

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

4.8
Average Tenure
60.5
Average Age
  • The tenure for the Shanghai Industrial Holdings board of directors is about average.
Board of Directors

Xiao Chu Shen

TITLE
Executive Chairman
COMPENSATION
HK$5M
AGE
57
TENURE
1.4 yrs

Jun Zhou

TITLE
Vice Chairman & CEO
COMPENSATION
HK$6M
AGE
50
TENURE
2.9 yrs

Bo Xu

TITLE
Deputy CEO & Executive Director
COMPENSATION
HK$3M
AGE
57
TENURE
6.6 yrs

Zhan Xu

TITLE
Executive Director
COMPENSATION
HK$521K
AGE
50
TENURE
2.7 yrs

Chia-Wei Woo

TITLE
Independent Non-Executive Director
COMPENSATION
HK$450K
AGE
81
TENURE
23.3 yrs

Vincent Cheng

TITLE
Independent Non-Executive Director
COMPENSATION
HK$449K
AGE
71
TENURE
6.7 yrs

Francis Leung

TITLE
Independent Non-Executive Director
COMPENSATION
HK$440K
AGE
64
TENURE
23.3 yrs

Francis Yuen

TITLE
Independent Non-Executive Director
COMPENSATION
HK$440K
AGE
67
TENURE
3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
02. Apr 19 Buy Shanghai Industrial Investment (Holding) Co., Ltd. Company 01. Apr 19 01. Apr 19 150,000 HK$18.99 HK$2,848,005
04. Jan 19 Buy Jun Zhou Individual 02. Jan 19 02. Jan 19 105,000 HK$15.40 HK$1,617,000
X
Management checks
We assess Shanghai Industrial 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. Shanghai Industrial 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.

363 News

Simply Wall St News

Why We Think Shanghai Industrial Holdings Limited (HKG:363) Could Be Worth Looking At

In the case of Shanghai Industrial Holdings Limited (HKG:363), there's is a dependable dividend-paying company that has been a rockstar for income investors, currently trading at an attractive share price. … For those interested in understanding where the figures come from and want to see the analysis, take a look at the report on Shanghai Industrial Holdings here. … SEHK:363 Historical Dividend Yield, July 9th 2019 Next Steps: For Shanghai Industrial Holdings, I've put together three key aspects you should further research: Future Outlook: What are well-informed industry analysts predicting for 363’s future growth?

Simply Wall St -

What Should Investors Know About The Future Of Shanghai Industrial Holdings Limited's (HKG:363)?

The latest earnings release Shanghai Industrial Holdings Limited's (HKG:363) announced in December 2018 revealed that the business gained from a slight tailwind, leading to a single-digit earnings growth of 6.3%. … Below, I've presented key growth figures on how market analysts perceive Shanghai Industrial Holdings's earnings growth trajectory over the next couple of years and whether the future looks even brighter than the past. … Check out our latest analysis for Shanghai Industrial Holdings Market analysts' consensus outlook for this coming year seems rather subdued, with earnings growing by a single digit 5.4%.

Simply Wall St -

Is Shanghai Industrial Holdings Limited (HKG:363) Excessively Paying Its CEO?

Check out our latest analysis for Shanghai Industrial Holdings How Does Jun Zhou's Compensation Compare With Similar Sized Companies? … At the time of writing our data says that Shanghai Industrial Holdings Limited has a market cap of HK$18b, and is paying total annual CEO compensation of HK$6.2m. … With a total shareholder return of 14% over three years, Shanghai Industrial Holdings Limited shareholders would, in general, be reasonably content.

Simply Wall St -

Shanghai Industrial Holdings Limited (HKG:363) Is Yielding 6.3% - But Is It A Buy?

With Shanghai Industrial Holdings yielding 6.3% and having paid a dividend for over 10 years, many investors likely find the company quite interesting. … Click the interactive chart for our full dividend analysis SEHK:363 Historical Dividend Yield, June 4th 2019 Payout ratios Companies (usually) pay dividends out of their earnings. If a company is paying more than it earns, the dividend might have to be cut. So we need to be form a view on if a company's dividend is sustainable, relative to its net profit after tax. Shanghai Industrial Holdings paid out 33% of its profit as dividends, over the trailing twelve month period. A medium payout ratio strikes a good balance between paying dividends, and keeping enough back to invest in the business. Besides, if reinvestment opportunities dry up, the company has room to increase the dividend. Another important check we do is to see if the free cash flow generated is sufficient to pay the dividend. Unfortunately, while Shanghai Industrial Holdings pays a dividend, it also reported negative free cash flow last year. While there may be a good reason for this, it's not ideal from a dividend perspective. It's positive to see that Shanghai Industrial Holdings's dividend is covered by both profits and cash flow, since this is generally a sign that the dividend is sustainable, and a lower payout ratio usually suggests a greater margin of safety before the dividend gets cut. Is Shanghai Industrial Holdings's Balance Sheet Risky? As Shanghai Industrial Holdings has a meaningful amount of debt, we need to check its balance sheet to see if the company might have debt risks. A rough way to check this is with these two simple ratios: a) net debt divided by EBITDA (earnings before interest, tax, depreciation and amortisation), and b) net interest cover. Net debt to EBITDA is a measure of a company's total debt. Net interest cover measures the ability to meet interest payments on debt. Essentially we check that a) a company does not have too much debt, and b) that it can afford to pay the interest. … See if the 3 Shanghai Industrial Holdings analysts we track are forecasting continued growth with our free report on analyst estimates for the company.

Simply Wall St -

Need To Know: Shanghai Industrial Holdings Limited (HKG:363) Insiders Have Been Buying Shares

So shareholders might well want to know whether insiders have been buying or selling shares in Shanghai Industrial Holdings Limited (HKG:363). … See our latest analysis for Shanghai Industrial Holdings Shanghai Industrial Holdings Insider Transactions Over The Last Year Over the last year, we can see that the biggest insider purchase was by Vice Chairman & CEO Jun Zhou for HK$1.6m worth of shares, at about HK$15.40 per share. … Our data isn't picking up on much insider ownership at Shanghai Industrial Holdings, though insiders do hold about HK$5.1m worth of shares.

Simply Wall St -

Can We See Significant Institutional Ownership On The Shanghai Industrial Holdings Limited (HKG:363) Share Register?

Shanghai Industrial Holdings has a market capitalization of HK$18b, so we would expect some institutional investors to have noticed the stock. … View our latest analysis for Shanghai Industrial Holdings SEHK:363 Ownership Summary, May 21st 2019 What Does The Institutional Ownership Tell Us About Shanghai Industrial Holdings? … Insider Ownership Of Shanghai Industrial Holdings The definition of company insiders can be subjective, and does vary between jurisdictions.

Simply Wall St -

Does Market Volatility Impact Shanghai Industrial Holdings Limited's (HKG:363) Share Price?

If you're interested in Shanghai Industrial Holdings Limited (HKG:363), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

What Investors Should Know About Shanghai Industrial Holdings Limited's (HKG:363) Financial Strength

Stocks with market capitalization between $2B and $10B, such as Shanghai Industrial Holdings Limited (HKG:363) with a size of HK$20b, do not attract as much attention from the investing community as do the small-caps and large-caps. … Today we will look at 363’s financial liquidity and debt levels, which are strong indicators for whether the company can weather economic downturns or fund strategic acquisitions for future growth. … See our latest analysis for Shanghai Industrial Holdings

Simply Wall St -

Does Shanghai Industrial Holdings Limited (HKG:363) Have A Good P/E Ratio?

Shanghai Industrial Holdings has a price to earnings ratio of 6.16, based on the last twelve months. … How Do I Calculate Shanghai Industrial Holdings's Price To Earnings Ratio … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Should You Be Happy With Shanghai Industrial Holdings Limited's (HKG:363) 5.8% Earnings Growth?

For investors with a long-term horizon, assessing earnings trend over time and against industry benchmarks is more valuable than looking at a single earnings announcement in one point in time. … Investors may find my commentary, albeit very high-level and brief, on Shanghai Industrial Holdings Limited (HKG:363) useful as an attempt to give more color around how Shanghai Industrial Holdings is currently performing. … See our latest analysis for Shanghai Industrial Holdings.

Simply Wall St -

363 Company Info

Description

Shanghai Industrial Holdings Limited, an investment holding company, engages in the infrastructure facilities, real estate, and consumer products businesses in Hong Kong and the People’s Republic of China. The company’s Infrastructure Facilities segment invests in and operates toll road projects and water-related business. The company’s Real Estate segment engages in property development activities, as well as invests in and operates a hotel. Its Consumer Products segment manufactures and sells cigarettes, packaging materials, and printed products; and offers printing services for tobacco, wine, pharmaceutical products, and high-end molded fiber packaging. Shanghai Industrial Holdings Limited also issues convertible bonds. The company was incorporated in 1996 and is headquartered in Wanchai, Hong Kong and is considered as a Red Chip company due to its listing on the Hong Kong Stock Exchange. Shanghai Industrial Holdings Limited is a subsidiary of Shanghai Industrial Investment (Holdings) Company Limited.

Details
Name: Shanghai Industrial Holdings Limited
363
Exchange: SEHK
Founded: 1996
HK$18,286,899,112
1,087,211,600
Website: http://www.sihl.com.hk
Address: Shanghai Industrial Holdings Limited
Harcourt House,
26th Floor,
Wanchai,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 363 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 31. May 1996
OTCPK SGHI.F Ordinary Shares Pink Sheets LLC US USD 31. May 1996
DB SGI Ordinary Shares Deutsche Boerse AG DE EUR 31. May 1996
SHSC 363 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 31. May 1996
SZSC 363 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 31. May 1996
OTCPK SGHI.Y SPONSORED ADR Pink Sheets LLC US USD 06. Jun 2002
Number of employees
Current staff
Staff numbers
19,982
Shanghai Industrial Holdings employees.
Industry
Industrial Conglomerates
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/16 12:45
End of day share price update: 2019/07/16 00:00
Last estimates confirmation: 2019/07/12
Last earnings filing: 2019/04/16
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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

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