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CIMC Enric Holdings

SEHK:3899
Snowflake Description

Excellent balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
3899
SEHK
HK$12B
Market Cap
  1. Home
  2. HK
  3. Capital Goods
Company description

CIMC Enric Holdings Limited, an investment holding company, designs, develops, manufactures, engineers, sells, and maintains transportation, storage, and processing equipment used in the energy, chemicals, and liquid food industries worldwide. The last earnings update was 99 days ago. More info.


Add to Portfolio Compare Print
  • CIMC Enric Holdings has significant price volatility in the past 3 months.
3899 Share Price and Events
7 Day Returns
1%
SEHK:3899
1.9%
HK Machinery
1.5%
HK Market
1 Year Returns
-20.7%
SEHK:3899
9.3%
HK Machinery
-4.7%
HK Market
3899 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
CIMC Enric Holdings (3899) 1% -2.4% -27.1% -20.7% 92% -37.9%
HK Machinery 1.9% 2.5% -10.4% 9.3% 61.6% 42.8%
HK Market 1.5% 3.9% -8.2% -4.7% 18.3% 3.4%
1 Year Return vs Industry and Market
  • 3899 underperformed the Machinery industry which returned 9.3% over the past year.
  • 3899 underperformed the Market in Hong Kong which returned -4.7% over the past year.
Price Volatility
3899
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for CIMC Enric Holdings's competitors could be found in our database.

Value

 Is CIMC Enric Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of CIMC Enric Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for CIMC Enric Holdings.

SEHK:3899 Discounted Cash Flow Data Sources
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.

Calculation of Discount Rate/ Cost of Equity for SEHK:3899
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 1.09
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.087 (1 + (1- 25%) (11.66%))
1.122
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% + (1.122 * 5.96%)
8.69%

Discounted Cash Flow Calculation for SEHK:3899 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for CIMC Enric Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

SEHK:3899 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 8.69%)
2020 1,244.50 Analyst x4 1,144.98
2021 1,452.25 Analyst x4 1,229.28
2022 1,491.06 Est @ 2.67% 1,161.20
2023 1,527.91 Est @ 2.47% 1,094.75
2024 1,563.52 Est @ 2.33% 1,030.68
2025 1,598.43 Est @ 2.23% 969.43
2026 1,633.02 Est @ 2.16% 911.21
2027 1,667.56 Est @ 2.12% 856.08
2028 1,702.28 Est @ 2.08% 804.02
2029 1,737.31 Est @ 2.06% 754.95
Present value of next 10 years cash flows CN¥9,956.59
SEHK:3899 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥1,737.31 × (1 + 2%) ÷ (8.69% – 2%)
CN¥26,494.59
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥26,494.59 ÷ (1 + 8.69%)10
CN¥11,513.27
SEHK:3899 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥9,956.59 + CN¥11,513.27
CN¥21,469.86
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥21,469.86 / 1,998.91
CN¥10.74
SEHK:3899 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:3899)
1.137
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥10.74 x 1.137
HK$12.21
Value per share (HKD) From above. HK$12.21
Current discount Discount to share price of HK$5.99
= -1 x (HK$5.99 - HK$12.21) / HK$12.21
50.9%

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

Current Discount
Amount off the current price CIMC Enric Holdings is available for.
Intrinsic value
>50%
Share price is HK$5.99 vs Future cash flow value of HK$12.21
Current Discount Checks
For CIMC Enric Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • CIMC Enric Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • CIMC Enric 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 CIMC Enric Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are CIMC Enric Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:3899 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥0.40
SEHK:3899 Share Price ** SEHK (2019-07-17) in HKD HK$5.99
SEHK:3899 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.88 CN¥5.27
Hong Kong Machinery Industry PE Ratio Median Figure of 37 Publicly-Listed Machinery Companies 9.33x
Hong Kong Market PE Ratio Median Figure of 1,510 Publicly-Listed Companies 10.75x

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

** Primary Listing of CIMC Enric Holdings.

SEHK:3899 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:3899 Share Price ÷ EPS (both in CNY)

= 5.27 ÷ 0.40

13.06x

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

  • CIMC Enric Holdings is overvalued based on earnings compared to the HK Machinery industry average.
  • CIMC Enric Holdings is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does CIMC Enric Holdings's expected growth come at a high price?
Raw Data
SEHK:3899 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.06x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts
15.7%per year
Hong Kong Machinery Industry PEG Ratio Median Figure of 12 Publicly-Listed Machinery Companies 0.71x
Hong Kong Market PEG Ratio Median Figure of 479 Publicly-Listed Companies 0.8x

*Line of best fit is calculated by linear regression .

SEHK:3899 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.06x ÷ 15.7%

0.83x

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

  • CIMC Enric Holdings is good value based on expected growth next year.
Price based on value of assets
What value do investors place on CIMC Enric Holdings's assets?
Raw Data
SEHK:3899 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥3.19
SEHK:3899 Share Price * SEHK (2019-07-17) in HKD HK$5.99
SEHK:3899 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.88 CN¥5.27
Hong Kong Machinery Industry PB Ratio Median Figure of 50 Publicly-Listed Machinery Companies 0.99x
Hong Kong Market PB Ratio Median Figure of 2,197 Publicly-Listed Companies 0.92x
SEHK:3899 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:3899 Share Price ÷ Book Value per Share (both in CNY)

= 5.27 ÷ 3.19

1.65x

* Primary Listing of CIMC Enric Holdings.

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

  • CIMC Enric Holdings is overvalued based on assets compared to the HK Machinery industry average.
X
Value checks
We assess CIMC Enric Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Machinery industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Machinery industry average (and greater than 0)? (1 check)
  5. CIMC Enric Holdings has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

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

Future Performance

 How is CIMC Enric Holdings expected to perform in the next 1 to 3 years based on estimates from 12 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
15.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is CIMC Enric Holdings expected to grow at an attractive rate?
  • CIMC Enric Holdings's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • CIMC Enric Holdings's earnings growth is expected to exceed the Hong Kong market average.
  • CIMC Enric Holdings's revenue growth is expected to exceed the Hong Kong market average.
Annual Growth Rates Comparison
Raw Data
SEHK:3899 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:3899 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts 15.7%
SEHK:3899 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts 12.4%
Hong Kong Machinery Industry Earnings Growth Rate Market Cap Weighted Average 12.9%
Hong Kong Machinery Industry Revenue Growth Rate Market Cap Weighted Average 10.4%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average -7.3%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.3%

*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:3899 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:3899 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 18,953 1,568 1,275 9
2020-12-31 17,233 1,395 1,112 12
2019-12-31 15,087 895 956 11
SEHK:3899 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 13,052 1,590 786
2018-09-30 12,387 1,279 719
2018-06-30 11,688 961 649
2018-03-31 11,180 903 533
2017-12-31 10,707 852 420
2017-09-30 9,785 691 285
2017-06-30 8,864 531 150
2017-03-31 8,416 805 -389
2016-12-31 7,968 1,080 -929
2016-09-30 7,892 1,084 -850
2016-06-30 7,816 1,089 -771
2016-03-31 8,029 877 -126

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • CIMC Enric Holdings's earnings are expected to grow by 15.7% yearly, however this is not considered high growth (20% yearly).
  • CIMC Enric Holdings's revenue is expected to grow by 12.4% 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:3899 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 12 Analyst Estimates (S&P Global) See Below

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

SEHK:3899 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.65 0.74 0.54 9.00
2020-12-31 0.56 0.61 0.50 11.00
2019-12-31 0.49 0.51 0.44 11.00
SEHK:3899 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 0.40
2018-09-30 0.36
2018-06-30 0.33
2018-03-31 0.27
2017-12-31 0.22
2017-09-30 0.15
2017-06-30 0.08
2017-03-31 -0.20
2016-12-31 -0.48
2016-09-30 -0.44
2016-06-30 -0.40
2016-03-31 -0.07

*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.
  • CIMC Enric Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess CIMC Enric 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.
CIMC Enric Holdings has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

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

Past Performance

  How has CIMC Enric 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 CIMC Enric Holdings's growth in the last year to its industry (Machinery).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • CIMC Enric Holdings's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • CIMC Enric Holdings's 1-year earnings growth exceeds its 5-year average (87% vs -20.3%)
  • CIMC Enric Holdings's earnings growth has exceeded the HK Machinery industry average in the past year (87% vs 18%).
Earnings and Revenue History
CIMC Enric 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 CIMC Enric Holdings Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:3899 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 13,051.65 785.50 1,460.78
2018-09-30 12,387.41 718.56 1,370.32
2018-06-30 11,687.86 648.90 1,370.45
2018-03-31 11,179.57 533.13 1,328.17
2017-12-31 10,706.59 420.08 1,195.30
2017-09-30 9,785.32 285.04 1,135.05
2017-06-30 8,864.04 150.01 1,074.80
2017-03-31 8,416.22 -389.38 1,055.59
2016-12-31 7,968.40 -928.77 1,036.38
2016-09-30 7,892.09 -850.02 1,051.59
2016-06-30 7,815.79 -771.27 1,066.81
2016-03-31 8,028.56 -126.04 1,043.55
2015-12-31 8,241.33 519.19 1,020.29
2015-09-30 9,325.43 661.79 1,049.79
2015-06-30 10,409.52 804.38 1,079.29
2015-03-31 10,838.17 916.01 1,113.03
2014-12-31 11,266.82 1,027.64 1,146.76
2014-09-30 10,815.03 1,025.96 1,119.71
2014-06-30 10,363.25 1,024.28 1,092.65
2014-03-31 10,267.53 1,001.94 1,080.07
2013-12-31 10,171.81 979.60 1,067.50
2013-09-30 9,627.23 916.99 1,014.25
2013-06-30 9,082.64 854.38 961.00
2013-03-31 8,582.77 807.12 892.63
2012-12-31 8,082.90 759.86 824.26
2012-09-30 7,817.74 725.29 774.89

*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.
  • CIMC Enric Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • CIMC Enric Holdings used its assets less efficiently than the HK Machinery industry average last year based on Return on Assets.
  • CIMC Enric Holdings has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess CIMC Enric Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Machinery industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
CIMC Enric 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.

Health

 How is CIMC Enric 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 CIMC Enric Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • CIMC Enric Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • CIMC Enric Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of CIMC Enric 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 9.6x 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 CIMC Enric Holdings Company Filings, last reported 6 months ago.

SEHK:3899 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 6,545.79 1,199.11 2,930.27
2018-09-30 6,545.79 1,199.11 2,930.27
2018-06-30 6,038.18 1,755.80 2,382.62
2018-03-31 6,038.18 1,755.80 2,382.62
2017-12-31 5,869.78 1,495.31 2,259.89
2017-09-30 5,869.78 1,495.31 2,259.89
2017-06-30 5,450.61 2,017.86 2,561.17
2017-03-31 5,450.61 2,017.86 2,561.17
2016-12-31 5,302.07 2,473.99 2,916.90
2016-09-30 5,302.07 2,473.99 2,916.90
2016-06-30 5,296.81 2,440.90 2,583.94
2016-03-31 5,296.81 2,440.90 2,583.94
2015-12-31 6,465.47 1,748.07 2,035.95
2015-09-30 6,465.47 1,748.07 2,035.95
2015-06-30 6,102.66 364.57 2,331.10
2015-03-31 6,102.66 364.57 2,331.10
2014-12-31 6,128.63 195.72 1,683.21
2014-09-30 6,128.63 195.72 1,683.21
2014-06-30 5,358.88 223.52 1,838.24
2014-03-31 5,358.88 223.52 1,838.24
2013-12-31 5,323.02 556.69 1,542.59
2013-09-30 5,323.02 556.69 1,542.59
2013-06-30 4,453.42 344.02 1,208.18
2013-03-31 4,453.42 344.02 1,208.18
2012-12-31 4,077.84 420.27 953.49
2012-09-30 4,077.84 420.27 953.49
  • CIMC Enric Holdings's level of debt (18.8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (10.4% vs 18.8% today).
  • Debt is well covered by operating cash flow (129.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 20.9x coverage).
X
Financial health checks
We assess CIMC Enric 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. CIMC Enric Holdings has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

Dividends

 What is CIMC Enric Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.33%
Current annual income from CIMC Enric Holdings dividends. Estimated to be 3.33% next year.
If you bought HK$2,000 of CIMC Enric Holdings shares you are expected to receive HK$47 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?
  • CIMC Enric Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.08%).
  • CIMC Enric Holdings's dividend is below the markets top 25% of dividend payers in Hong Kong (5.75%).
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:3899 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 12 Analyst Estimates (S&P Global) See Below
Hong Kong Machinery Industry Average Dividend Yield Market Cap Weighted Average of 26 Stocks 3.2%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 978 Stocks 3.6%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.2%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.1%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SEHK:3899 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.20 8.00
2020-12-31 0.18 11.00
2019-12-31 0.15 11.00
SEHK:3899 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-05-20 0.123 2.254
2019-04-09 0.120 1.826
2019-03-21 0.120 1.730
2018-05-18 0.065 1.143
2018-04-12 0.070 1.130
2018-03-21 0.070 1.140
2017-09-07 0.000 0.000
2017-08-22 0.000 0.000
2017-04-10 0.000 0.000
2017-03-21 0.000 0.000
2016-04-06 0.084 2.621
2016-03-21 0.084 2.474
2015-04-14 0.155 3.712
2015-03-20 0.155 2.485
2014-03-19 0.090 1.397
2013-04-08 0.055 0.661
2012-03-19 0.048 1.168

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

  • CIMC Enric 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 CIMC Enric Holdings only paid a dividend in the past 7 years.
Current Payout to shareholders
What portion of CIMC Enric Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.2x coverage).
X
Income/ dividend checks
We assess CIMC Enric 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 CIMC Enric Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. CIMC Enric Holdings has a total score of 3/6, see the detailed checks below.


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

Management

 What is the CEO of CIMC Enric 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
Xiaohu Yang
COMPENSATION CN¥1,970,000
AGE 44
TENURE AS CEO 1.8 years
CEO Bio

Mr. Xiaohu Yang serves as General Manager and Executive Director at CIMC Enric Holdings Limited since October 27, 2017. Mr. Yang had served as Deputy General Manager of CIMC Enric Holdings Limited since April 2015. Since April 2015, Mr. Yang has been the General Manager of Nantong CIMC Tank Equipment Co., Ltd., a wholly-owned subsidiary of the Company. He was an officer of the quality control department of Shanghai CIMC Reefer Containers Co., Ltd. from 1997 to 1999 and was a Sales Manager of CIMC Group's container operation department from 2000 to 2009. He was a deputy general manager of the Company's sales and marketing department from April 2009 to April 2012 and was an Assistant to general manager of CIMC Enric Holdings Limited from May 2012 to March 2015. Mr. Yang graduated in Huazhong University of Science and Technology, majoring in vessel and marine engineering.

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

Average tenure and age of the CIMC Enric Holdings management team in years:

2.6
Average Tenure
52
Average Age
  • The tenure for the CIMC Enric Holdings management team is about average.
Management Team

Xiang Gao

TITLE
Executive Chairman
COMPENSATION
CN¥2M
AGE
54

Xiaohu Yang

TITLE
GM & Executive Director
COMPENSATION
CN¥2M
AGE
44
TENURE
1.8 yrs

Siu Fai Cheong

TITLE
Financial Controller & Company Secretary
COMPENSATION
CN¥643K
AGE
47

Baoying Yang

TITLE
Chief Officer of Science & Technology Management Department and Deputy GM
AGE
51
TENURE
1.5 yrs

Caixing Shi

TITLE
Deputy General Manager
COMPENSATION
CN¥6K
AGE
55
TENURE
7.2 yrs

Wenbao Gao

TITLE
Deputy General Manager
AGE
45
TENURE
3.5 yrs

Huo Lating

TITLE
Deputy General Manager
AGE
56
TENURE
3.5 yrs

Ko Brink

TITLE
Deputy General Manager
AGE
53
TENURE
0.5 yrs
Board of Directors Tenure

Average tenure and age of the CIMC Enric Holdings board of directors in years:

2.8
Average Tenure
54
Average Age
  • The average tenure for the CIMC Enric Holdings board of directors is less than 3 years, this suggests a new board.
Board of Directors

Xiang Gao

TITLE
Executive Chairman
COMPENSATION
CN¥2M
AGE
54
TENURE
4.3 yrs

Xiaohu Yang

TITLE
GM & Executive Director
COMPENSATION
CN¥2M
AGE
44
TENURE
1.8 yrs

Kei Pang Tsui

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥226K
AGE
59
TENURE
9.7 yrs

Catherine Yien

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥39K
AGE
48
TENURE
0.8 yrs

Yuqun Yu

TITLE
Non-Executive Director
COMPENSATION
CN¥426K
AGE
54
TENURE
11.8 yrs

Xueqian Zhang

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥226K
AGE
70
TENURE
8.8 yrs

Yu Wang

TITLE
Non-Executive Director
COMPENSATION
CN¥385K
AGE
47
TENURE
2.8 yrs

Han Zeng

TITLE
Non-Executive Director
COMPENSATION
CN¥329K
AGE
44
TENURE
1.2 yrs

Caiyong Wang

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥47K
AGE
67
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$) Value (HK$)
29. Aug 18 Buy Han Zeng Individual 24. Aug 18 24. Aug 18 400,000 HK$3.71 HK$1,484,000
29. Aug 18 Buy Xiaohu Yang Individual 24. Aug 18 24. Aug 18 1,200,000 HK$3.71 HK$4,452,001
29. Aug 18 Buy Yu Wang Individual 24. Aug 18 24. Aug 18 400,000 HK$3.71 HK$1,484,000
29. Aug 18 Buy Xiang Gao Individual 24. Aug 18 24. Aug 18 1,000,000 HK$3.71 HK$3,710,001
29. Aug 18 Buy Yuqun Yu Individual 24. Aug 18 24. Aug 18 400,000 HK$3.71 HK$1,484,000
X
Management checks
We assess CIMC Enric 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. CIMC Enric 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.

News

Simply Wall St News

Is CIMC Enric Holdings (HKG:3899) Using Too Much Debt?

We note that CIMC Enric Holdings Limited (HKG:3899) does have debt on its balance sheet. … SEHK:3899 Historical Debt, July 5th 2019 A Look At CIMC Enric Holdings's Liabilities The latest balance sheet data shows that CIMC Enric Holdings had liabilities of CN¥8.09b due within a year, and liabilities of CN¥1.22b falling due after that. … CIMC Enric Holdings may have net cash on the balance sheet, but it is still interesting to look at how well the business converts its earnings before interest and tax (EBIT) to free cash flow, because that will influence both its need for, and its capacity to manage debt.

Simply Wall St -

Is CIMC Enric Holdings Limited's (HKG:3899) Future Growth Already Accounted For In Today's Price?

Looking at CIMC Enric Holdings Limited’s (HKG:3899) fundamentals some investors are wondering if its last closing price of HK$6.25 represents a good value for money for this high growth stock. … However, seeing as CIMC Enric Holdings is perceived as a high-growth stock, we must also account for its earnings growth, which is captured in the PEG ratio. … This means that, when we account for CIMC Enric Holdings's growth, the stock can be viewed as fairly valued , based on fundamental analysis.

Simply Wall St -

Does CIMC Enric Holdings Limited (HKG:3899) Have A Particularly Volatile Share Price?

If you're interested in CIMC Enric Holdings Limited (HKG:3899), 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. … If this beta value holds true in the future, CIMC Enric Holdings shares are likely to rise more than the market when the market is going up, but fall faster when the market is going down. … What this means for you: Since CIMC Enric Holdings tends to moves up when the market is going up, and down when it's going down, potential investors may wish to reflect on the overall market, when considering the stock.

Simply Wall St -

How Many CIMC Enric Holdings Limited (HKG:3899) Shares Do Institutions Own?

With a market capitalization of HK$13b, CIMC Enric Holdings is a decent size, so it is probably on the radar of institutional investors. … View our latest analysis for CIMC Enric Holdings SEHK:3899 Ownership Summary, June 4th 2019 What Does The Institutional Ownership Tell Us About CIMC Enric Holdings? … Insider Ownership Of CIMC Enric Holdings The definition of an insider can differ slightly between different countries, but members of the board of directors always count.

Simply Wall St -

Is There An Opportunity With CIMC Enric Holdings Limited's (HKG:3899) 46% Undervaluation?

Today, we will estimate the stock's intrinsic value by projecting its future cash flows and then discounting them to today's value. … A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we discount the value of these future cash flows to their estimated value in today's dollars: 10-year free cash flow (FCF) forecast 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF (CN¥, Millions) CN¥1.22k CN¥1.19k CN¥1.41k CN¥1.43k CN¥1.45k CN¥1.48k CN¥1.51k CN¥1.53k CN¥1.56k CN¥1.59k Growth Rate Estimate Source Analyst x2 Analyst x3 Analyst x3 Est @ 1.53% Est @ 1.67% Est @ 1.77% Est @ 1.84% Est @ 1.89% Est @ 1.92% Est @ 1.95% Present Value (CN¥, Millions) Discounted @ 8.49% CN¥1.12k CN¥1.01k CN¥1.10k CN¥1.03k CN¥966.99 CN¥907.09 CN¥851.49 CN¥799.67 CN¥751.26 CN¥705.94 Present Value of 10-year Cash Flow (PVCF)= CN¥9.25b "Est" = FCF growth rate estimated by Simply Wall St After calculating the present value of future cash flows in the intial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. … SEHK:3899 Intrinsic value, May 28th 2019 The assumptions Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows.

Simply Wall St -

Despite Its High P/E Ratio, Is CIMC Enric Holdings Limited (HKG:3899) Still Undervalued?

We'll apply a basic P/E ratio analysis to CIMC Enric Holdings Limited's (HKG:3899), to help you decide if the stock is worth further research. … See our latest analysis for CIMC Enric Holdings How Do I Calculate CIMC Enric Holdings's Price To Earnings Ratio? … The formula for P/E is: Price to Earnings Ratio = Price per Share (in the reporting currency) ÷ Earnings per Share (EPS) Or for CIMC Enric Holdings: P/E of 15.48 = CN¥6.24 (Note: this is the share price in the reporting currency, namely, CNY ) ÷ CN¥0.40 (Based on the year to December 2018.) Is A High Price-to-Earnings Ratio Good?

Simply Wall St -

Is CIMC Enric Holdings Limited's (HKG:3899) High P/E Ratio A Problem For Investors?

We'll show how you can use CIMC Enric Holdings Limited's (HKG:3899) P/E ratio to inform your assessment of the investment opportunity. … How Do I Calculate CIMC Enric Holdings's Price To Earnings Ratio … Price to Earnings Ratio = Share Price (in reporting currency) ÷ Earnings per Share (EPS)

Simply Wall St -

CIMC Enric Holdings Limited (HKG:3899): Are Analysts Bullish?

In December 2018, CIMC Enric Holdings Limited (HKG:3899) released its latest earnings announcement, whicha

Simply Wall St -

Why CIMC Enric Holdings Limited (HKG:3899) Is A Financially Healthy Company

This article will examine 3899’s financial liquidity and debt levels to get an idea of whether the company can deal with cyclical downturns and maintain funds to accommodate strategic spending for future growth. … Don’t forget that this is a general and concentrated examination of CIMC Enric Holdings's financial health, so you should conduct further analysis. … See our latest analysis for CIMC Enric Holdings

Simply Wall St -

CIMC Enric Holdings Limited (HKG:3899): Poised For Long Term Success?

As CIMC Enric Holdings Limited (HKG:3899) released its earnings announcement on 31 December 2018, … with earnings expected to grow by 22% in the upcoming year … the past 5-year average growth rate of -20%.

Simply Wall St -

Company Info

Description

CIMC Enric Holdings Limited, an investment holding company, designs, develops, manufactures, engineers, sells, and maintains transportation, storage, and processing equipment used in the energy, chemicals, and liquid food industries worldwide. Its Energy Equipment segment offers equipment for the storage, transportation, processing, and distribution of natural gas, such as compressed natural gas trailers, seamless pressure cylinders, liquefied natural gas trailers and storage tanks, liquefied petroleum gas tanks and trailers, natural gas refuelling station systems, and natural gas compressors under the Enric, Sanctum, Hongtu, Nantong CIMC, YPDI, and Hashenleng brands. This segment also provides engineering, procurement, and construction (EPC) services for the natural gas industry. Its Chemical Equipment segment offers equipment, including tank containers for the storage and transportation of liquefied or gasified chemicals under the CIMC Tank brand. Its Liquid Food Equipment segment engages in the engineering, manufacture, and sale of stainless steel tanks for storage and processing liquid food comprising beer, fruit juice, and milk. It also provides EPC services for the brewery industry, as well as other liquid food industries. This segment offers its products and project engineering services under the Ziemann Holvrieka and Briggs brands. It also engages in the manufacture and sale of compressors and related accessories, pressure vessels, and special vehicles; provision of integrated business solutions for gas equipment; research and development of technology for application in natural gas equipment; design, production, sale, and technical service of cryogenic storage and transportation equipment; trading activities; and repair and maintenance of pressure vessels. The company was founded in 2004 and is headquartered in Shenzhen, the People's Republic of China. CIMC Enric Holdings Limited is a subsidiary of China International Marine Containers (Hong Kong) Limited.

Details
Name: CIMC Enric Holdings Limited
3899
Exchange: SEHK
Founded: 2004
HK$11,993,463,528
1,998,910,588
Website: http://www.enricgroup.com
Address: CIMC Enric Holdings Limited
CIMC R&D Center,
No.2 Gangwan Avenue,
Shenzhen,
Guangdong Province, 518067,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 3899 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 18. Oct 2005
OTCPK CIME.F Ordinary Shares Pink Sheets LLC US USD 18. Oct 2005
DB E8F Ordinary Shares Deutsche Boerse AG DE EUR 18. Oct 2005
SHSC 3899 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 18. Oct 2005
SZSC 3899 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 18. Oct 2005
Number of employees
Current staff
Staff numbers
9,900
CIMC Enric Holdings employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/17 12:43
End of day share price update: 2019/07/17 00:00
Last estimates confirmation: 2019/07/16
Last earnings filing: 2019/04/09
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.