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Huan Yue Interactive Holdings

SEHK:505
Snowflake Description

Adequate balance sheet with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
505
SEHK
HK$520M
Market Cap
  1. Home
  2. HK
  3. Capital Goods
Company description

Huan Yue Interactive Holdings Limited, an investment holding company, manufactures, sells, and trades in high precision copper plates and strips in the People’s Republic of China and internationally. The last earnings update was 77 days ago. More info.


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505 Share Price and Events
7 Day Returns
-1.6%
SEHK:505
-2%
HK Electrical
-1.1%
HK Market
1 Year Returns
-41.9%
SEHK:505
-28.7%
HK Electrical
-6.5%
HK Market
505 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Huan Yue Interactive Holdings (505) -1.6% -6.2% -9% -41.9% -33.7% 5.2%
HK Electrical -2% -3.9% -18.7% -28.7% -34.4% -35%
HK Market -1.1% 3.4% -7.7% -6.5% 17.4% 4.2%
1 Year Return vs Industry and Market
  • 505 underperformed the Electrical industry which returned -28.7% over the past year.
  • 505 underperformed the Market in Hong Kong which returned -6.5% over the past year.
Price Volatility
505
Industry
5yr Volatility vs Market

Value

 Is Huan Yue Interactive 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 Huan Yue Interactive 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 Huan Yue Interactive Holdings.

SEHK:505 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 15.3%
Perpetual Growth Rate 10-Year HK Government Bond Rate 2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SEHK:505
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6.7%
Electrical Unlevered Beta Simply Wall St/ S&P Global 1.19
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.188 (1 + (1- 25%) (169.18%))
2.136
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (2 * 6.65%)
15.3%

Discounted Cash Flow Calculation for SEHK:505 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Huan Yue Interactive 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:505 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 15.3%)
2020 10.45 Est @ -46.33% 9.06
2021 7.12 Est @ -31.83% 5.36
2022 5.58 Est @ -21.68% 3.64
2023 4.77 Est @ -14.57% 2.70
2024 4.31 Est @ -9.6% 2.11
2025 4.04 Est @ -6.12% 1.72
2026 3.90 Est @ -3.68% 1.44
2027 3.82 Est @ -1.98% 1.22
2028 3.79 Est @ -0.78% 1.05
2029 3.79 Est @ 0.05% 0.91
Present value of next 10 years cash flows CN¥29.21
SEHK:505 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥3.79 × (1 + 2%) ÷ (15.3% – 2%)
CN¥29.07
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥29.07 ÷ (1 + 15.3%)10
CN¥7.00
SEHK:505 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥29.21 + CN¥7.00
CN¥36.21
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥36.21 / 852.85
CN¥0.04
SEHK:505 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:505)
1.137
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥0.04 x 1.137
HK$0.05
Value per share (HKD) From above. HK$0.05
Current discount Discount to share price of HK$0.61
= -1 x (HK$0.61 - HK$0.05) / HK$0.05
-1163.5%

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

  • The current share price of Huan Yue Interactive Holdings is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Huan Yue Interactive Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Huan Yue Interactive Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:505 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥0.03
SEHK:505 Share Price ** SEHK (2019-07-12) in HKD HK$0.61
SEHK:505 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.879 CN¥0.54
Hong Kong Electrical Industry PE Ratio Median Figure of 23 Publicly-Listed Electrical Companies 10.81x
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 Huan Yue Interactive Holdings.

SEHK:505 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:505 Share Price ÷ EPS (both in CNY)

= 0.54 ÷ 0.03

16.62x

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

  • Huan Yue Interactive Holdings is overvalued based on earnings compared to the HK Electrical industry average.
  • Huan Yue Interactive Holdings is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Huan Yue Interactive Holdings's expected growth come at a high price?
Raw Data
SEHK:505 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.62x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
17.4%per year
Hong Kong Electrical Industry PEG Ratio Median Figure of 9 Publicly-Listed Electrical Companies 1.12x
Hong Kong Market PEG Ratio Median Figure of 477 Publicly-Listed Companies 0.79x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Huan Yue Interactive Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Huan Yue Interactive Holdings's assets?
Raw Data
SEHK:505 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥1.23
SEHK:505 Share Price * SEHK (2019-07-12) in HKD HK$0.61
SEHK:505 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.879 CN¥0.54
Hong Kong Electrical Industry PB Ratio Median Figure of 34 Publicly-Listed Electrical Companies 0.66x
Hong Kong Market PB Ratio Median Figure of 2,190 Publicly-Listed Companies 0.92x
SEHK:505 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:505 Share Price ÷ Book Value per Share (both in CNY)

= 0.54 ÷ 1.23

0.43x

* Primary Listing of Huan Yue Interactive Holdings.

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

  • Huan Yue Interactive Holdings is good value based on assets compared to the HK Electrical industry average.
X
Value checks
We assess Huan Yue Interactive 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 Electrical 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 Electrical industry average (and greater than 0)? (1 check)
  5. Huan Yue Interactive Holdings has a total score of 1/6, 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 Huan Yue Interactive Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Huan Yue Interactive Holdings, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
17.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Huan Yue Interactive Holdings expected to grow at an attractive rate?
  • Huan Yue Interactive Holdings's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • Huan Yue Interactive Holdings's earnings growth is expected to exceed the Hong Kong market average.
  • Unable to compare Huan Yue Interactive Holdings's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:505 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:505 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 17.4%
Hong Kong Electrical Industry Earnings Growth Rate Market Cap Weighted Average 9.6%
Hong Kong Electrical Industry Revenue Growth Rate Market Cap Weighted Average 9.8%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.2%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.2%

*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
Raw Data
SEHK:505 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:505 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
SEHK:505 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 4,996 100 28
2018-09-30 5,023 107 68
2018-06-30 5,051 115 109
2018-03-31 4,773 32 122
2017-12-31 4,495 -50 136
2017-09-30 4,220 54 120
2017-06-30 3,944 157 104
2017-03-31 3,690 181 94
2016-12-31 3,436 205 85
2016-09-30 3,197 180 64
2016-06-30 2,959 156 42
2016-03-31 2,951 212 31

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Huan Yue Interactive Holdings's earnings are expected to grow by 17.4% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Huan Yue Interactive Holdings is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SEHK:505 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

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

SEHK:505 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
SEHK:505 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 0.03
2018-09-30 0.08
2018-06-30 0.13
2018-03-31 0.15
2017-12-31 0.16
2017-09-30 0.15
2017-06-30 0.13
2017-03-31 0.12
2016-12-31 0.10
2016-09-30 0.08
2016-06-30 0.05
2016-03-31 0.04

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Huan Yue Interactive Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Huan Yue Interactive 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.
Huan Yue Interactive Holdings has a total score of 2/6, 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 Huan Yue Interactive 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 Huan Yue Interactive Holdings's growth in the last year to its industry (Electrical).
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.
  • Huan Yue Interactive Holdings has delivered over 20% year on year earnings growth in the past 5 years.
  • Huan Yue Interactive Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Huan Yue Interactive Holdings's 1-year earnings growth is negative, it can't be compared to the HK Electrical industry average.
Earnings and Revenue History
Huan Yue Interactive 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 Huan Yue Interactive Holdings Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:505 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 4,996.06 27.53 287.41
2018-09-30 5,023.31 68.17 260.77
2018-06-30 5,050.56 108.80 234.14
2018-03-31 4,772.78 122.17 245.81
2017-12-31 4,495.00 135.54 257.48
2017-09-30 4,219.72 119.74 295.80
2017-06-30 3,944.44 103.94 334.13
2017-03-31 3,689.98 94.37 324.50
2016-12-31 3,435.51 84.81 314.88
2016-09-30 3,197.47 63.54 281.91
2016-06-30 2,959.44 42.27 248.94
2016-03-31 2,951.05 30.56 240.15
2015-12-31 2,942.66 18.85 231.36
2015-09-30 3,061.15 30.87 219.95
2015-06-30 3,179.63 42.89 208.53
2015-03-31 3,275.30 30.82 202.28
2014-12-31 3,370.98 18.75 196.03
2014-09-30 3,508.86 6.19 204.52
2014-06-30 3,646.75 -6.36 213.02
2014-03-31 3,625.17 1.32 204.72
2013-12-31 3,603.60 9.00 196.41
2013-09-30 3,421.97 22.17 163.02
2013-06-30 3,240.34 35.33 129.63
2013-03-31 3,234.73 33.87 114.13
2012-12-31 3,229.13 32.41 98.62
2012-09-30 3,360.09 27.34 102.57

*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.
  • Huan Yue Interactive Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Huan Yue Interactive Holdings used its assets less efficiently than the HK Electrical industry average last year based on Return on Assets.
  • Huan Yue Interactive Holdings has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Huan Yue Interactive 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 Electrical 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.
Huan Yue Interactive Holdings has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

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

Health

 How is Huan Yue Interactive 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 Huan Yue Interactive Holdings's finances.

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

SEHK:505 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,074.36 774.02 186.11
2018-09-30 1,074.36 774.02 186.11
2018-06-30 1,093.69 735.91 181.84
2018-03-31 1,093.69 735.91 181.84
2017-12-31 1,039.24 858.75 176.32
2017-09-30 1,039.24 858.75 176.32
2017-06-30 975.18 861.38 213.41
2017-03-31 975.18 861.38 213.41
2016-12-31 885.89 702.32 168.94
2016-09-30 885.89 702.32 168.94
2016-06-30 858.78 874.98 203.41
2016-03-31 858.78 874.98 203.41
2015-12-31 803.08 824.37 218.92
2015-09-30 803.08 824.37 218.92
2015-06-30 736.83 835.64 79.56
2015-03-31 736.83 835.64 79.56
2014-12-31 717.17 1,125.49 123.06
2014-09-30 717.17 1,125.49 123.06
2014-06-30 693.43 1,205.81 157.18
2014-03-31 693.43 1,205.81 157.18
2013-12-31 682.91 797.16 56.73
2013-09-30 682.91 797.16 56.73
2013-06-30 695.13 992.89 110.55
2013-03-31 695.13 992.89 110.55
2012-12-31 698.45 775.72 87.60
2012-09-30 698.45 775.72 87.60
  • Huan Yue Interactive Holdings's level of debt (72%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (117.4% vs 72% today).
  • Debt is not well covered by operating cash flow (12.9%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.9x coverage).
X
Financial health checks
We assess Huan Yue Interactive 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. Huan Yue Interactive Holdings has a total score of 4/6, 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 Huan Yue Interactive 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
0%
Current annual income from Huan Yue Interactive Holdings dividends.
If you bought HK$2,000 of Huan Yue Interactive Holdings shares you are expected to receive HK$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Huan Yue Interactive Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Huan Yue Interactive Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SEHK:505 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Hong Kong Electrical Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 2.2%
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:505 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
SEHK:505 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2014-09-24 0.000 0.000
2014-08-22 0.000 0.000
2014-04-14 0.000 0.000
2014-03-28 0.000 0.000
2013-04-11 0.039 6.303
2013-03-26 0.040 5.582
2012-09-14 0.000 0.000
2012-03-16 0.105 13.558
2011-08-19 0.114 12.655
2011-03-18 0.082 6.593
2010-08-20 0.084 5.276
2010-03-30 0.087 6.047
2009-09-18 0.000 0.000
2009-04-03 0.000 0.000
2009-03-27 0.000 0.000
2008-09-25 0.044 7.263
2008-09-11 0.044 5.166

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

  • Unable to perform a dividend volatility check as Huan Yue Interactive Holdings has not reported any payouts.
  • Unable to verify if Huan Yue Interactive Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Huan Yue Interactive Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Huan Yue Interactive Holdings has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Huan Yue Interactive 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 Huan Yue Interactive Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Huan Yue Interactive Holdings has a total score of 0/6, see the detailed checks below.


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

Management

 What is the CEO of Huan Yue Interactive 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
Minglie Hu
COMPENSATION CN¥1,737,000
AGE 37
TENURE AS CEO 4.7 years
CEO Bio

Mr. Minglie Hu has been Chief Executive Officer and Executive Director of Xingye Copper International Group Ltd since November 17, 2014. Mr. Hu is the Founding Partner and Chairman at Lighthouse Capital Management. He was the Partner of Tianjin Raystone Taihe Fund Management LLP for more than four years. During his service in Lighthouse Capital, he was responsible for the structuring and management of two funds with assets under management of over RMB300 million. Mr. Hu is also the limited liability partner of Richmond Lighthouse Capital LLP, Shanghai. Mr. Hu serves as a Director of iHear Medical, Inc. He served as a Non-Independent Non-Executive Director of Cordlife Group Limited from April 29, 2016 to November 1, 2016. Mr. Hu has also actively participated in the charit activities in Mainland China and Hong Kong. He serves as a Director of Cixi Xingye Xi Yang Hon Charitable Foundation and Si Ming Care for Aged and Children Charitable Foundation Limited. Mr. Hu graduated from the University of Arizona with a master degree in Optical Science Engineering and has received an MBA degree from Anderson Management School of UCLA.

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

Average tenure and age of the Huan Yue Interactive Holdings management team in years:

4.5
Average Tenure
38
Average Age
  • The tenure for the Huan Yue Interactive Holdings management team is about average.
Management Team

Minglie Hu

TITLE
CEO & Executive Director
COMPENSATION
CN¥2M
AGE
37
TENURE
4.7 yrs

Wenjun Zhu

TITLE
CFO & Executive Director
COMPENSATION
CN¥1M
AGE
37
TENURE
4.3 yrs

Hao Ren

TITLE
President of Game Business & Executive Director
COMPENSATION
CN¥653K
AGE
36

Zhenkang Cheng

TITLE
Chief Engineer
AGE
77
TENURE
15.5 yrs

Zhu Youjun

TITLE
Head of Finance
AGE
47

Xu Chi

TITLE
Head of Risks Control Department
AGE
38

Chen Nongbo

TITLE
Chief Internal Controller
AGE
49

Joel Mui

TITLE
Company Secretary
TENURE
4.2 yrs

Huafa Ma

TITLE
Assistant to the Chief Executive Officer
AGE
61

Hefeng Yuan

TITLE
Assistant to the Chief Executive Officer
AGE
38
Board of Directors Tenure

Average tenure and age of the Huan Yue Interactive Holdings board of directors in years:

3.9
Average Tenure
40
Average Age
  • The tenure for the Huan Yue Interactive Holdings board of directors is about average.
Board of Directors

Changyuan Hu

TITLE
Founder & Chairman
COMPENSATION
CN¥807K
AGE
70

Minglie Hu

TITLE
CEO & Executive Director
COMPENSATION
CN¥2M
AGE
37
TENURE
4.7 yrs

Wenjun Zhu

TITLE
CFO & Executive Director
COMPENSATION
CN¥1M
AGE
37
TENURE
2.8 yrs

Hao Ren

TITLE
President of Game Business & Executive Director
COMPENSATION
CN¥653K
AGE
36
TENURE
2.8 yrs

Chaoming Chai

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥154K
AGE
49
TENURE
10.2 yrs

Dong Lou

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥154K
AGE
38
TENURE
3.9 yrs

Jianchun Dai

TITLE
Non-Executive Director
COMPENSATION
CN¥457K
AGE
42
TENURE
4.5 yrs

Hong Lu

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥154K
AGE
50
TENURE
3.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
07. Jan 19 Buy Minglie Hu Individual 04. Jan 19 04. Jan 19 197,000 HK$0.63 HK$123,203
04. Jan 19 Buy Minglie Hu Individual 03. Jan 19 03. Jan 19 58,000 HK$0.67 HK$38,842
02. Jan 19 Buy Minglie Hu Individual 31. Dec 18 31. Dec 18 3,000 HK$0.67 HK$2,010
13. Sep 18 Buy Bostone Group Limited Company 10. Sep 18 10. Sep 18 6,418,000 HK$1.33 HK$8,534,642
13. Sep 18 Buy Bostone Group Limited Company 13. Sep 18 13. Sep 18 714,000 HK$1.35 HK$963,403
06. Sep 18 Buy Bostone Group Limited Company 03. Sep 18 03. Sep 18 2,770,000 HK$1.20 HK$3,322,336
06. Sep 18 Buy Bostone Group Limited Company 05. Sep 18 05. Sep 18 6,353,000 HK$1.32 HK$8,400,560
24. Aug 18 Buy Bostone Group Limited Company 24. Aug 18 24. Aug 18 2,619,000 HK$1.17 HK$3,060,833
26. Jul 18 Buy Bostone Group Limited Company 26. Jul 18 26. Jul 18 2,362,000 HK$1.06 HK$2,502,300
X
Management checks
We assess Huan Yue Interactive 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. Huan Yue Interactive 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 Huan Yue Interactive Holdings (HKG:505) Using Too Much Debt?

We can see that Huan Yue Interactive Holdings Limited (HKG:505) does use debt in its business. … You can click the graphic below for the historical numbers, but it shows that Huan Yue Interactive Holdings had CN¥774.0m of debt in December 2018, down from CN¥858.8m, one year before However, it also had CN¥186.1m in cash, and so its net debt is CN¥587.9m. … In the last three years, Huan Yue Interactive Holdings created free cash flow amounting to 6.7% of its EBIT, an uninspiring performance.

Simply Wall St -

Huan Yue Interactive Holdings Limited (HKG:505) Earns A Nice Return On Capital Employed

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Huan Yue Interactive Holdings: 0.14 = CN¥160m ÷ (CN¥2.4b - CN¥1.2b) (Based on the trailing twelve months to December 2018.) So, Huan Yue Interactive Holdings has an ROCE of 14%. … Huan Yue Interactive Holdings's Current Liabilities And Their Impact On Its ROCE Short term (or current) liabilities, are things like supplier invoices, overdrafts, or tax bills that need to be paid within 12 months. … Huan Yue Interactive Holdings's current liabilities are fairly high, which increases its ROCE significantly.

Simply Wall St -

Do Directors Own Huan Yue Interactive Holdings Limited (HKG:505) Shares?

As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.' Huan Yue Interactive Holdings is not a large company by global standards. … Check out our latest analysis for Huan Yue Interactive Holdings SEHK:505 Ownership Summary, May 21st 2019 What Does The Lack Of Institutional Ownership Tell Us About Huan Yue Interactive Holdings? … Insider Ownership Of Huan Yue Interactive Holdings While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders.

Simply Wall St -

Have Insiders Been Buying Huan Yue Interactive Holdings Limited (HKG:505) Shares?

So we'll take a look at whether insiders have been buying or selling shares in Huan Yue Interactive Holdings Limited (HKG:505). … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … Huan Yue Interactive Holdings Insider Transactions Over The Last Year

Simply Wall St -

The Huan Yue Interactive Holdings (HKG:505) Share Price Is Down 23% So Some Shareholders Are Getting Worried

We regret to report that long term Huan Yue Interactive Holdings Limited (HKG:505) shareholders have had that experience, with the share price dropping 23% in three years, versus a market return of about 43%. … 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). … During the unfortunate three years of share price decline, Huan Yue Interactive Holdings actually saw its earnings per share (EPS) improve by 28% per year.

Simply Wall St -

What You Must Know About Huan Yue Interactive Holdings Limited's (HKG:505) Financial Strength

While small-cap stocks, such as Huan Yue Interactive Holdings Limited (HKG:505) with its market cap of HK$599m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … So, understanding the company's financial health becomes. … Here are few basic financial health checks you should consider before taking the plunge.

Simply Wall St -

Should You Like Huan Yue Interactive Holdings Limited’s (HKG:505) High Return On Capital Employed?

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Understanding Return On Capital Employed (ROCE). … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

Do Insiders Own Shares In Huan Yue Interactive Holdings Limited (HKG:505)?

A look at the shareholders of Huan Yue Interactive Holdings Limited (HKG:505) can tell us which group is most powerful. … Huan Yue Interactive Holdings is not a large company by global standards. … Check out our latest analysis for Huan Yue Interactive Holdings

Simply Wall St -

Does Huan Yue Interactive Holdings Limited (HKG:505) Have A Good P/E Ratio?

We'll show how you can use Huan Yue Interactive Holdings Limited's (HKG:505) P/E ratio to inform your assessment of the investment opportunity. … Price to Earnings Ratio = Price per Share (in the reporting currency) ÷ Earnings per Share (EPS) … P/E of 4.73 = CN¥0.61 (Note: this is the share price in the reporting currency, namely, CNY ) ÷ CN¥0.13

Simply Wall St -

Huan Yue Interactive Holdings Limited's (HKG:505) Earnings Grew 4.7%, Did It Beat Long-Term Trend?

Assessing Huan Yue Interactive Holdings Limited's (HKG:505) past track record of performance is a valuable exercise for investors. … Today I will assess 505's recent performance announced on 30 June 2018 and evaluate these figures to its longer term trend and industry movements. … However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 48%, indicating the rate at which 505 is growing has slowed down

Simply Wall St -

Company Info

Description

Huan Yue Interactive Holdings Limited, an investment holding company, manufactures, sells, and trades in high precision copper plates and strips in the People’s Republic of China and internationally. The company operates through Copper Products and Online Games segments. Its products include high precision tin phosphorous bronze plates and strips, brass plates and strips, lead frame strips, nickel silver plates and strips, red copper plates and strips. The company also trades in raw materials; develops, publishes, operates, and distributes Internet and mobile gaming products; and provides processing and property services, as well as manages a portfolio of investments. Its products are used in electronic information, automobile, electric power and household appliances, and other industries. The company was formerly known as Xingye Copper International Group Limited and changed its name to Huan Yue Interactive Holdings Limited in September 2016. Huan Yue Interactive Holdings Limited was founded in 1998 and is headquartered in Kowloon, Hong Kong.

Details
Name: Huan Yue Interactive Holdings Limited
505
Exchange: SEHK
Founded: 1998
HK$520,238,605
852,850,173
Website: http://www.huanyue.com.hk
Address: Huan Yue Interactive Holdings Limited
Hung Tai Industrial Building,
Flat 11, 11th Floor,
Kowloon,
Kowloon, Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 505 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 27. Dec 2007
DB 3XN Ordinary Shares Deutsche Boerse AG DE EUR 27. Dec 2007
Number of employees
Current staff
Staff numbers
1,290
Huan Yue Interactive Holdings employees.
Industry
Electrical Components and Equipment
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/15 12:49
End of day share price update: 2019/07/12 00:00
Last estimates confirmation: 2018/03/28
Last earnings filing: 2019/04/29
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.