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CWT International

SEHK:521
Snowflake Description

Adequate balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
521
SEHK
HK$2B
Market Cap
  1. Home
  2. HK
  3. Capital Goods
Company description

CWT International Limited, an investment holding company, provides commodity marketing services. The last earnings update was 33 days ago. More info.


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521 Share Price and Events
7 Day Returns
0%
SEHK:521
-0.5%
HK Trade Distributors
0.6%
HK Market
1 Year Returns
-44.5%
SEHK:521
0.9%
HK Trade Distributors
-3.4%
HK Market
521 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
CWT International (521) 0% 0% -4.3% -44.5% -63.3% -56%
HK Trade Distributors -0.5% 1% -8.4% 0.9% -23.5% -50.8%
HK Market 0.6% 5.1% -7.5% -3.4% 23.8% 6.3%
1 Year Return vs Industry and Market
  • 521 underperformed the Trade Distributors industry which returned 0.9% over the past year.
  • 521 underperformed the Market in Hong Kong which returned -3.4% over the past year.
Price Volatility
521
Industry
5yr Volatility vs Market

521 Value

 Is CWT International 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 CWT International 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 CWT International.

SEHK:521 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:521
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6.7%
Trade Distributors Unlevered Beta Simply Wall St/ S&P Global 0.93
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.926 (1 + (1- 25%) (644.61%))
3.949
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:521 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for CWT International 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:521 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 15.3%)
2020 1,155.19 Est @ 47.45% 1,001.88
2021 1,545.81 Est @ 33.81% 1,162.72
2022 1,920.99 Est @ 24.27% 1,253.15
2023 2,258.90 Est @ 17.59% 1,278.01
2024 2,550.61 Est @ 12.91% 1,251.53
2025 2,796.51 Est @ 9.64% 1,190.07
2026 3,002.04 Est @ 7.35% 1,107.98
2027 3,174.52 Est @ 5.75% 1,016.14
2028 3,321.27 Est @ 4.62% 922.02
2029 3,448.70 Est @ 3.84% 830.33
Present value of next 10 years cash flows HK$11,013.82
SEHK:521 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= HK$3,448.70 × (1 + 2%) ÷ (15.3% – 2%)
HK$26,449.48
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$26,449.48 ÷ (1 + 15.3%)10
HK$6,368.12
SEHK:521 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$11,013.82 + HK$6,368.12
HK$17,381.94
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$17,381.94 / 11,400.00
HK$1.52
SEHK:521 Discount to Share Price
Calculation Result
Value per share (HKD) From above. HK$1.52
Current discount Discount to share price of HK$0.13
= -1 x (HK$0.13 - HK$1.52) / HK$1.52
91.3%

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

Current Discount
Amount off the current price CWT International is available for.
Intrinsic value
>50%
Share price is HK$0.13 vs Future cash flow value of HK$1.52
Current Discount Checks
For CWT International to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • CWT International's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • CWT International'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 CWT International's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are CWT International's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:521 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in HKD HK$-0.05
SEHK:521 Share Price ** SEHK (2019-04-10) in HKD HK$0.13
Hong Kong Trade Distributors Industry PE Ratio Median Figure of 30 Publicly-Listed Trade Distributors Companies 10.39x
Hong Kong Market PE Ratio Median Figure of 1,498 Publicly-Listed Companies 11.05x

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

** Primary Listing of CWT International.

SEHK:521 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:521 Share Price ÷ EPS (both in HKD)

= 0.13 ÷ -0.05

-2.7x

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

  • CWT International is loss making, we can't compare its value to the HK Trade Distributors industry average.
  • CWT International is loss making, we can't compare the value of its earnings to the Hong Kong market.
Price based on expected Growth
Does CWT International's expected growth come at a high price?
Raw Data
SEHK:521 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2.7x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Global Trade Distributors Industry PEG Ratio Median Figure of 80 Publicly-Listed Trade Distributors Companies 1.15x
Hong Kong Market PEG Ratio Median Figure of 474 Publicly-Listed Companies 0.81x

*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 CWT International, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on CWT International's assets?
Raw Data
SEHK:521 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in HKD HK$0.43
SEHK:521 Share Price * SEHK (2019-04-10) in HKD HK$0.13
Hong Kong Trade Distributors Industry PB Ratio Median Figure of 59 Publicly-Listed Trade Distributors Companies 0.8x
Hong Kong Market PB Ratio Median Figure of 2,185 Publicly-Listed Companies 0.94x
SEHK:521 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:521 Share Price ÷ Book Value per Share (both in HKD)

= 0.13 ÷ 0.43

0.31x

* Primary Listing of CWT International.

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

  • CWT International is good value based on assets compared to the HK Trade Distributors industry average.
X
Value checks
We assess CWT International'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 Trade Distributors 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 Trade Distributors industry average (and greater than 0)? (1 check)
  5. CWT International 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.

521 Future Performance

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

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as CWT International has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
9.7%
Expected Trade Distributors industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is CWT International expected to grow at an attractive rate?
  • Unable to compare CWT International's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare CWT International's earnings growth to the Hong Kong market average as no estimate data is available.
  • Unable to compare CWT International's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:521 Future Growth Rates Data Sources
Data Point Source Value (per year)
Hong Kong Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 9.7%
Asia Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 11.9%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.3%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

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

Analysts growth expectations
Raw Data
SEHK:521 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 HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:521 Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
SEHK:521 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-12-31 71,384 1,272 -557
2018-09-30 65,735 -488
2018-06-30 60,087 -1,084 -419
2018-03-31 42,021 -1,008 -152
2017-12-31 23,956 -931 116
2017-09-30 12,104 46
2017-06-30 251 -65 -23
2017-03-31 217 -81 -16
2016-12-31 183 -96 -8
2016-09-30 165 4
2016-06-30 148 -213 16
2016-03-31 155 -157 -7

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if CWT International is high growth as no earnings estimate data is available.
  • Unable to determine if CWT International 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:521 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 CWT International Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:521 Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
SEHK:521 Past Financials Data
Date (Data in HKD Millions) EPS *
2018-12-31 -0.05
2018-09-30 -0.04
2018-06-30 -0.04
2018-03-31 -0.01
2017-12-31 0.01
2017-09-30 0.00
2017-06-30 0.00
2017-03-31 0.00
2016-12-31 0.00
2016-09-30 0.00
2016-06-30 0.00
2016-03-31 0.00

*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 CWT International will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether CWT International is trading at CWT International'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. CWT International's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Capital Goods companies here
  3. CWT International's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess CWT International'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 Asia 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.
CWT International has a total score of 0/6, see the detailed checks below.

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

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

521 Past Performance

  How has CWT International 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 CWT International's growth in the last year to its industry (Trade Distributors).
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.
  • CWT International does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare CWT International's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare CWT International's 1-year growth to the HK Trade Distributors industry average as it is not currently profitable.
Earnings and Revenue History
CWT International'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 CWT International Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:521 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 71,383.94 -557.29 1,715.43
2018-09-30 65,735.24 -488.17 1,611.64
2018-06-30 60,086.53 -419.05 1,507.84
2018-03-31 42,021.20 -151.71 1,117.01
2017-12-31 23,955.86 115.62 726.18
2017-09-30 12,103.67 46.22 428.85
2017-06-30 251.48 -23.17 131.52
2017-03-31 217.02 -15.75 131.24
2016-12-31 182.55 -8.32 130.97
2016-09-30 165.20 3.92 113.78
2016-06-30 147.85 16.16 96.59
2016-03-31 154.93 -6.56 88.22
2015-12-31 162.01 -29.29 79.85
2015-09-30 245.80 -66.96 82.70
2015-06-30 329.60 -104.63 85.55
2015-03-31 334.80 -144.83 79.43
2014-12-31 339.99 -185.03 73.30
2014-09-30 307.69 -191.74 69.09
2014-06-30 275.38 -198.45 64.87
2014-03-31 278.39 -188.24 71.93
2013-12-31 281.40 -178.03 78.99
2013-09-30 291.59 -229.45 82.45
2013-06-30 301.78 -280.87 85.90
2013-03-31 305.56 -267.57 89.82
2012-12-31 309.35 -254.28 93.74

*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.
  • It is difficult to establish if CWT International has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if CWT International has efficiently used its assets last year compared to the HK Trade Distributors industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if CWT International improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess CWT International'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 Trade Distributors 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.
CWT International has a total score of 0/6, 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.

521 Health

 How is CWT International'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 CWT International's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • CWT International is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • CWT International's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of CWT International'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 1.9x 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 CWT International Company Filings, last reported 6 months ago.

SEHK:521 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 5,314.95 9,684.34 1,726.57
2018-09-30 5,314.95 9,684.34 1,726.57
2018-06-30 5,408.67 14,767.61 2,307.85
2018-03-31 5,408.67 14,767.61 2,307.85
2017-12-31 5,971.33 14,722.80 2,138.35
2017-09-30 5,971.33 14,722.80 2,138.35
2017-06-30 3,890.47 1,694.10 1,509.25
2017-03-31 3,890.47 1,694.10 1,509.25
2016-12-31 3,738.76 1,610.01 1,085.45
2016-09-30 3,738.76 1,610.01 1,085.45
2016-06-30 3,781.40 564.89 2,349.97
2016-03-31 3,781.40 564.89 2,349.97
2015-12-31 3,956.31 1,451.29 2,844.91
2015-09-30 3,956.31 1,451.29 2,844.91
2015-06-30 1,464.33 1,572.38 51.59
2015-03-31 1,464.33 1,572.38 51.59
2014-12-31 1,470.31 1,527.56 31.10
2014-09-30 1,470.31 1,527.56 31.10
2014-06-30 1,470.44 1,494.91 40.64
2014-03-31 1,470.44 1,494.91 40.64
2013-12-31 884.24 392.67 5.65
2013-09-30 884.24 392.67 5.65
2013-06-30 1,017.25 456.03 26.74
2013-03-31 1,017.25 456.03 26.74
2012-12-31 1,122.28 634.12 13.36
  • CWT International's level of debt (182.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (45.5% vs 182.5% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making CWT International has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making CWT International has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 28.6% per year.
X
Financial health checks
We assess CWT International'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. CWT International 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.

521 Dividends

 What is CWT International'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 CWT International dividends.
If you bought HK$2,000 of CWT International 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 CWT International's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate CWT International'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:521 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 Trade Distributors Industry Average Dividend Yield Market Cap Weighted Average of 12 Stocks 4.8%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 979 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:521 Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts

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

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

521 Management

 What is the CEO of CWT International'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
Tongshuang Li
COMPENSATION HK$2,518,000
AGE 44
TENURE AS CEO 0.4 years
CEO Bio

Mr. TongShuang Li is Executive Director and the Chief Executive Officer of CWT International Limited since February 20, 2019. Mr. Li serves as an Assistant President of HNA Group International Headquarter (Hong Kong) Co., Limited. He served as the Managing Director of HNA Holding Group Co. Limited from October 24, 2013 to February 6, 2015. He served as a senior executives for certain companies of the HNA group. Mr. Li has extensive management knowledge and working experience in hotel operation and property development. Mr. Li serves as Chairman of the Board of Directors of HNA Infrastructure Holding Group Company Limited. He serves as the Chairman of Hainan HNA Infrastructure Investment Group Co., Ltd. Mr. Li served as the Chairman and Executive Director of Hong Kong International Construction Investment Management Group Co., Limited from July 29, 2016 to December 22, 2016. He served as the Chairman of Hainan Island Construction Co., Ltd. from September 2009 to December 2012. He served as Vice Chairman and Executive Director of HNA Holding Group Co. Limited from July 28, 2015 to November 24, 2016. He served as a Non-Executive Director at HNA Holding Group Co. Limited from February 2015 to July 2015 and Executive Director from October 2013 to February 2015. Mr. Li holds a first grade qualification of Advanced Project Management Professional from the Ministry of Human Resources and Social Security of The People's Republic of China. Mr. Li holds a completion certificate of an MBA program co-organized by China (Hainan) Institute for Reform and Development and Maastricht School of Management, the Netherlands and Bachelor's Degree in Hotel Management from Shenzhen University.

CEO Compensation
  • Tongshuang's compensation has increased whilst company is loss making.
  • Tongshuang's remuneration is lower than average for companies of similar size in Hong Kong.
Management Team Tenure

Average tenure and age of the CWT International management team in years:

0.3
Average Tenure
44
Average Age
  • The average tenure for the CWT International management team is less than 2 years, this suggests a new team.
Management Team

Lei Ding

TITLE
Co-Chairman
COMPENSATION
HK$3M
AGE
40
TENURE
0.1 yrs

Quan Zhao

TITLE
Executive Director
COMPENSATION
HK$4M
AGE
48

Weijun Zhu

TITLE
Co-Chairman
AGE
47

Tongshuang Li

TITLE
CEO & Executive Director
COMPENSATION
HK$3M
AGE
44
TENURE
0.4 yrs

Jinfeng Wu

TITLE
Chief Financial Officer
TENURE
0.1 yrs

Dennis Chen

TITLE
Executive Director
AGE
35

Lap Ngai Lau

TITLE
Company Secretary
TENURE
5.3 yrs
Board of Directors Tenure

Average tenure and age of the CWT International board of directors in years:

5.8
Average Tenure
44
Average Age
  • The tenure for the CWT International board of directors is about average.
Board of Directors

Lei Ding

TITLE
Co-Chairman
COMPENSATION
HK$3M
AGE
40
TENURE
0.1 yrs

Quan Zhao

TITLE
Executive Director
COMPENSATION
HK$4M
AGE
48
TENURE
4 yrs

Weijun Zhu

TITLE
Co-Chairman
AGE
47

Tongshuang Li

TITLE
CEO & Executive Director
COMPENSATION
HK$3M
AGE
44
TENURE
0.4 yrs

Dennis Chen

TITLE
Executive Director
AGE
35

Kevin Liem

TITLE
Independent Non-Executive Director
COMPENSATION
HK$300K
AGE
38
TENURE
6.1 yrs

Tony Leung

TITLE
Independent Non-Executive Director
COMPENSATION
HK$231K
AGE
76
TENURE
26.3 yrs

Alan Mung

TITLE
Non-Executive Director
COMPENSATION
HK$300K
AGE
33
TENURE
5.8 yrs

Jeffrey Lam

TITLE
Independent Non-Executive Director
COMPENSATION
HK$300K
AGE
68
TENURE
5.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
X
Management checks
We assess CWT International'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. CWT International 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.

521 News

Simply Wall St News

Those Who Purchased CWT International Shares Five Years Ago Have A 64% Loss To Show For It

CWT International isn't currently profitable, so most analysts would look to revenue growth to get an idea of how fast the underlying business is growing. … When a company doesn't make profits, we'd generally expect to see good revenue growth. … Over five years, CWT International grew its revenue at 95% per year.

Simply Wall St -

What Kind Of Shareholders Own CWT International Limited (HKG:521)?

A look at the shareholders of CWT International Limited (HKG:521) can tell us which group is most powerful. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … Taking a look at the our data on the ownership groups (below), it's seems that.

Simply Wall St -

Is CWT International Limited's (HKG:521) PE Ratio A Signal To Sell For Investors?

Although some investors may jump to the conclusion that you should avoid the stock or sell if you own it, understanding the assumptions behind the P/E ratio might change your mind. … I will deconstruct the P/E ratio and highlight what you need to be careful of when using the P/E ratio … Breaking down the P/E ratio

Simply Wall St -

CWT International Limited (HKG:521): Can It Deliver A Superior ROE To The Industry?

and looking to gauge the potential return on investment in CWT International Limited (HKG:521). … CWT International Limited (HKG:521) performed in line with its trading companies and distributors industry on the basis of its ROE – producing a return of 2.31% relative to the peer average of 7.97% over the past 12 months. … But what is more interesting is whether 521 can sustain or improve on this level of return.

Simply Wall St -

Will CWT International Limited (HKG:521) Continue To Underperform Its Industry?

and want a simplistic look at the return on CWT International Limited (HKG:521) stock. … CWT International Limited (HKG:521) delivered a less impressive 2.31% ROE over the past year, compared to the 7.97% return generated by its industry. … An investor may attribute an inferior ROE to a relatively inefficient performance, and whilst this can often be the case, knowing the nuts and bolts of the ROE calculation may change that perspective and give you a deeper insight into 521's past performance.

Simply Wall St -

What Is CWT International Limited's (HKG:521) Share Price Doing?

CWT International Limited (SEHK:521), a hospitality company based in Hong Kong, saw a decent share price growth in the teens level on the SEHK over the last few months. … This means that if you believe the current share price should move towards its intrinsic value over time, a low beta could suggest it is not likely to reach that level anytime soon, and once it’s there, it may be hard to fall back down into an attractive buying range again. … Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price.

Simply Wall St -

When Will CWT International Limited (HKG:521) Breakeven?

Many investors are wondering the rate at which 521 will turn a profit, with the big question being “when will the company breakeven?” I’ve put together a brief outline of industry analyst expectations for 521, its year of breakeven and its implied growth rate. … Working backwards from analyst estimates, it turns out that they expect the company to grow 103.95% year-on-year, on average, which is rather optimistic! … SEHK:521 Past Future Earnings Mar 3rd 18 Given this is a high-level overview, I won’t go into detail the detail of 521’s upcoming projects, though, take into account that generally a high forecast growth rate is not unusual for a company that is currently undergoing an investment period.

Simply Wall St -

Why CWT International Limited (HKG:521) Could Be A Buy

I find that CWT International’s ratio of 1.27x is trading slightly above its industry peers’ ratio of 0.89x, which means if you buy CWT International today, you’d be paying a relatively reasonable price for it. … Furthermore, it seems like CWT International’s share price is quite stable, which means there may be less chances to buy low in the future now that it’s fairly valued. … It seems like the market has already priced in CWT International’s positive outlook, with shares trading around its fair value.

Simply Wall St -

What You Must Know About CWT International Limited's (HKG:521) Financial Strength

With this rise in debt, 521's cash and short-term investments stands at HK$1,085.4M for investing into the business. … Though its trivial cash flows from operations make the cash-to-debt ratio less useful to us, though these low levels of cash means that operational efficiency is worth a look. … 521’s debt and cash flow levels indicate room for improvement.

Simply Wall St -

521 Company Info

Description

CWT International Limited, an investment holding company, provides commodity marketing services. The company operates through six segments: Logistics Services, Commodity Marketing, Engineering Services, Financial Services, Sports and Leisure Related Facilities Business, and Property Investment Business. It engages in the trading and supply chain management of base metal non-ferrous concentrates with a focus on copper, lead, zinc, and other minor metals, as well as energy products, including naphtha and distillates. The company also offers logistics services, such as warehousing, transportation, sea freight forwarding and cargo consolidation, and supply chain management services. In addition, it provides engineering services comprising management and maintenance of facilities, vehicles, and equipment; supplies and installs engineering products; property management services; and designs and builds logistic properties. Further, the company offers financial brokerage, structured trade, and assets management services; operates golf clubs; provides sports and leisure facilities; and leases office properties and golf courses. It operates in Mainland China, Singapore, Malaysia, Taiwan, and other parts of the Asia Pacific region; Europe; Africa; North America; and South America. The company was formerly known as HNA Holding Group Co. Limited and changed its name to CWT International Limited in December 2017. CWT International Limited was founded in 1983 and is based in Wanchai, Hong Kong. CWT International Limited is a subsidiary of Hong Kong HNA Holding Group Co. Limited.

Details
Name: CWT International Limited
521
Exchange: SEHK
Founded: 1983
HK$1,504,799,485
11,399,996,101
Website: http://www.cwtinternational.com
Address: CWT International Limited
Everbright Centre,
10th Floor,
Wanchai,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 521 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 02. Jan 1992
DB SUO Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
6,825
CWT International employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/08 12:38
End of day share price update: 2019/04/10 00:00
Last estimates confirmation: 2018/03/29
Last earnings filing: 2019/06/05
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.