Zhengzhou Coal Mining Machinery Group
- Home ›
- HK ›
- Capital Goods
Zhengzhou Coal Mining Machinery Group Company Limited manufactures and sells coal mining and excavating equipment in the People’s Republic of China and internationally. The last earnings update was 148 days ago. More info.
Add to Portfolio Compare Print
564 Share Price and Events
7 Day Returns
1 Year Returns
564 Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Zhengzhou Coal Mining Machinery Group (564) | 5.9% | 0.5% | 2.4% | -8.7% | 11.1% | -13.9% |
| HK Machinery | 6.3% | 7.3% | 29.6% | 10.7% | 65% | 33.7% |
| HK Market | 0.5% | 2.3% | 13.6% | -6.7% | 30.3% | 18.8% |
1 Year Return vs Industry and Market
- 564 underperformed the Machinery industry which returned 10.7% over the past year.
- 564 underperformed the Market in Hong Kong which returned -6.7% over the past year.
Price Volatility
Related Companies
Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Zhengzhou Coal Mining Machinery Group
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Zhengzhou Coal Mining Machinery Group.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 2 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 9.6% |
| Perpetual Growth Rate | 10-Year HK Government Bond Rate | 2% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year HK Govt Bond Rate | 2% |
| Equity Risk Premium | S&P Global | 6% |
| Machinery Unlevered Beta | Simply Wall St/ S&P Global | 1.05 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.052 (1 + (1- 25%) (43.97%)) |
1.267 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.27 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.267 * 5.96%) |
9.56% |
Discounted Cash Flow Calculation for SEHK:564 using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Zhengzhou Coal Mining Machinery Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (CNY, Millions) | Source |
Present Value Discounted (@ 9.56%) |
|
|---|---|---|---|
| 2019 | 225.48 | Est @ -7.69% | 205.81 |
| 2020 | 214.69 | Est @ -4.78% | 178.87 |
| 2021 | 208.79 | Est @ -2.75% | 158.77 |
| 2022 | 206.02 | Est @ -1.32% | 143.01 |
| 2023 | 205.35 | Est @ -0.33% | 130.11 |
| 2024 | 206.12 | Est @ 0.37% | 119.20 |
| 2025 | 207.90 | Est @ 0.86% | 109.74 |
| 2026 | 210.40 | Est @ 1.2% | 101.37 |
| 2027 | 213.44 | Est @ 1.44% | 93.87 |
| 2028 | 216.88 | Est @ 1.61% | 87.06 |
| Present value of next 10 years cash flows | CN¥1,327.80 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= CN¥216.88 × (1 + 2%) ÷ (9.56% – 2%) |
CN¥2,928.52 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= CN¥2,928.52 ÷ (1 + 9.56%)10 |
CN¥1,175.55 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= CN¥1,327.80 + CN¥1,175.55 |
CN¥2,503.35 |
| Equity Value per Share (CNY) |
= Total value / Shares Outstanding
= CN¥2,503.35 / 1,732.47 |
CN¥1.44 |
| Calculation | Result | |
|---|---|---|
| Exchange Rate | CNY/HKD
(Reporting currency to currency of SEHK:564) |
1.168 |
| Value per Share (HKD) |
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥1.44 x 1.168 |
HK$1.69 |
| Value per share (HKD) | From above. | HK$1.69 |
| Current discount | Discount to share price of
HK$3.79
= -1 x (HK$3.79 - HK$1.69) / HK$1.69 |
-124.5% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Zhengzhou Coal Mining Machinery Group is above its future cash flow value.
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 Zhengzhou Coal Mining Machinery Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Zhengzhou Coal Mining Machinery Group's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-09-30) in CNY | CN¥0.38 |
| SEHK:564 Share Price ** | SEHK (2019-03-22) in HKD | HK$3.79 |
| SEHK:564 Share Price converted to CNY reporting currency | Exchange rate (HKD/ CNY) 0.856 | CN¥3.24 |
| Hong Kong Machinery Industry PE Ratio | Median Figure of 33 Publicly-Listed Machinery Companies | 10.52x |
| Hong Kong Market PE Ratio | Median Figure of 1,498 Publicly-Listed Companies | 10.75x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Zhengzhou Coal Mining Machinery Group.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = SEHK:564 Share Price ÷ EPS (both in CNY) = 3.24 ÷ 0.38 |
8.61x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Zhengzhou Coal Mining Machinery Group is good value based on earnings compared to the HK Machinery industry average.
- Zhengzhou Coal Mining Machinery Group is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does
Zhengzhou Coal Mining Machinery Group's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 8.61x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts |
23.4%per year |
| Hong Kong Machinery Industry PEG Ratio | Median Figure of 11 Publicly-Listed Machinery Companies | 0.79x |
| Hong Kong Market PEG Ratio | Median Figure of 471 Publicly-Listed Companies | 0.81x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 8.61x ÷ 23.4% |
0.37x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Zhengzhou Coal Mining Machinery Group is good value based on expected growth next year.
Price based on value of assets
What value do investors place on
Zhengzhou Coal Mining Machinery Group's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-09-30) in CNY | CN¥6.58 |
| SEHK:564 Share Price * | SEHK (2019-03-22) in HKD | HK$3.79 |
| SEHK:564 Share Price converted to CNY reporting currency | Exchange rate (HKD/ CNY) 0.856 | CN¥3.24 |
| Hong Kong Machinery Industry PB Ratio | Median Figure of 45 Publicly-Listed Machinery Companies | 0.87x |
| Hong Kong Market PB Ratio | Median Figure of 2,139 Publicly-Listed Companies | 0.99x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = SEHK:564 Share Price ÷ Book Value per Share (both in CNY) = 3.24 ÷ 6.58 |
0.49x |
* Primary Listing of Zhengzhou Coal Mining Machinery Group.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Zhengzhou Coal Mining Machinery Group is good value based on assets compared to the HK Machinery industry average.
Value checks
We assess Zhengzhou Coal Mining Machinery Group's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Machinery industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Machinery industry average (and greater than 0)? (1 check) Zhengzhou Coal Mining Machinery Group has a total score of 4/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Zhengzhou Coal Mining Machinery Group's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
- Zhengzhou Coal Mining Machinery Group's earnings growth is expected to exceed the Hong Kong market average.
- Zhengzhou Coal Mining Machinery Group's revenue growth is expected to exceed the Hong Kong market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| SEHK:564 Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts | 23.4% |
| SEHK:564 Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts | 11.1% |
| Hong Kong Machinery Industry Earnings Growth Rate | Market Cap Weighted Average | 14.9% |
| Hong Kong Machinery Industry Revenue Growth Rate | Market Cap Weighted Average | 11.2% |
| Hong Kong Market Earnings Growth Rate | Market Cap Weighted Average | 11.8% |
| Hong Kong Market Revenue Growth Rate | Market Cap Weighted Average | 9.8% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (5 months ago) | See Below |
| Future Estimates | Average of up to 2 Analyst Estimates (S&P Global) | See Below |
| Date (Data in CNY Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 28,931 | 2,448 | 1,247 | 2 |
| 2019-12-31 | 26,940 | 1,632 | 1,073 | 2 |
| 2018-12-31 | 24,813 | 5,119 | 868 | 1 |
| Date (Data in CNY Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-09-30 | 21,336 | 634 | 650 |
| 2018-06-30 | 17,007 | 82 | 577 |
| 2018-03-31 | 9,195 | 769 | 363 |
| 2017-12-31 | 7,548 | 1,185 | 284 |
| 2017-09-30 | 6,222 | 1,039 | 253 |
| 2017-06-30 | 5,122 | 958 | 183 |
| 2017-03-31 | 3,505 | 813 | 117 |
| 2016-12-31 | 3,629 | 528 | 62 |
| 2016-09-30 | 3,716 | 433 | 126 |
| 2016-06-30 | 3,965 | 324 | 26 |
| 2016-03-31 | 4,269 | 334 | 22 |
| 2015-12-31 | 4,511 | 306 | 42 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (5 months ago) | See Below |
| Future Estimates | Average of up to 2 Analyst Estimates (S&P Global) | See Below |
All data from Zhengzhou Coal Mining Machinery Group Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in CNY Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 0.72 | 0.73 | 0.71 | 2.00 |
| 2019-12-31 | 0.62 | 0.64 | 0.60 | 2.00 |
| 2018-12-31 | 0.50 | 0.55 | 0.45 | 2.00 |
| Date (Data in CNY Millions) | EPS * |
|---|---|
| 2018-09-30 | 0.38 |
| 2018-06-30 | 0.33 |
| 2018-03-31 | 0.22 |
| 2017-12-31 | 0.17 |
| 2017-09-30 | 0.15 |
| 2017-06-30 | 0.10 |
| 2017-03-31 | 0.07 |
| 2016-12-31 | 0.04 |
| 2016-09-30 | 0.08 |
| 2016-06-30 | 0.02 |
| 2016-03-31 | 0.02 |
| 2015-12-31 | 0.03 |
*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.
- Zhengzhou Coal Mining Machinery Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
Future performance checks
We assess Zhengzhou Coal Mining Machinery Group's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Zhengzhou Coal Mining Machinery Group has a total score of 4/6, 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 Zhengzhou Coal Mining Machinery Group performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Zhengzhou Coal Mining Machinery Group's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
- Zhengzhou Coal Mining Machinery Group's 1-year earnings growth exceeds its 5-year average (157.1% vs -19.5%)
- Zhengzhou Coal Mining Machinery Group's earnings growth has exceeded the HK Machinery industry average in the past year (157.1% vs 13.5%).
Earnings and Revenue History
All data from Zhengzhou Coal Mining Machinery Group Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in CNY Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-09-30 | 21,336.31 | 650.38 | 2,189.56 | 550.01 |
| 2018-06-30 | 17,006.88 | 577.15 | 2,402.27 | |
| 2018-03-31 | 9,194.69 | 363.27 | 1,329.92 | |
| 2017-12-31 | 7,547.67 | 284.25 | 1,131.56 | |
| 2017-09-30 | 6,222.48 | 253.01 | 930.54 | 175.40 |
| 2017-06-30 | 5,121.80 | 182.81 | 817.94 | |
| 2017-03-31 | 3,505.16 | 116.66 | 752.82 | |
| 2016-12-31 | 3,628.53 | 62.00 | 761.82 | |
| 2016-09-30 | 3,716.35 | 125.63 | 842.56 | |
| 2016-06-30 | 3,965.16 | 25.57 | 928.99 | |
| 2016-03-31 | 4,269.41 | 21.58 | 864.36 | |
| 2015-12-31 | 4,510.86 | 42.20 | 891.05 | |
| 2015-09-30 | 5,055.17 | -11.18 | 891.89 | |
| 2015-06-30 | 5,255.60 | 16.08 | 869.58 | |
| 2015-03-31 | 5,649.87 | 104.86 | 905.27 | |
| 2014-12-31 | 6,124.46 | 205.19 | 893.29 | |
| 2014-09-30 | 6,861.71 | 429.49 | 727.35 | |
| 2014-06-30 | 7,460.25 | 578.98 | 848.98 | |
| 2014-03-31 | 7,762.62 | 623.53 | 803.28 | |
| 2013-12-31 | 8,055.31 | 866.71 | 818.98 | |
| 2013-09-30 | 8,717.99 | 1,086.81 | 847.03 | |
| 2013-06-30 | 9,266.88 | 1,317.22 | 805.50 | |
| 2013-03-31 | 10,015.81 | 1,554.01 | 880.49 | |
| 2012-12-31 | 10,212.85 | 1,589.15 | 890.32 | |
| 2012-09-30 | 9,277.02 | 1,519.65 | 797.23 | |
| 2012-06-30 | 9,033.02 | 1,455.27 | 706.59 | |
| 2012-03-31 | 8,455.61 | 1,325.24 | 645.94 |
*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.
- Zhengzhou Coal Mining Machinery Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Zhengzhou Coal Mining Machinery Group used its assets less efficiently than the HK Machinery industry average last year based on Return on Assets.
- Zhengzhou Coal Mining Machinery Group has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
Past performance checks
We assess Zhengzhou Coal Mining Machinery Group's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Machinery industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Zhengzhou Coal Mining Machinery Group 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 Zhengzhou Coal Mining Machinery Group'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 Zhengzhou Coal Mining Machinery Group's finances.
The net worth of a company is the difference between its assets and liabilities.
- Zhengzhou Coal Mining Machinery Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Zhengzhou Coal Mining Machinery Group's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 4.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Zhengzhou Coal Mining Machinery Group Company Filings, last reported 5 months ago.
| Date (Data in CNY Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-09-30 | 12,228.28 | 4,419.86 | 3,518.60 |
| 2018-06-30 | 11,918.73 | 4,040.90 | 3,639.64 |
| 2018-03-31 | 11,706.56 | 3,173.54 | 2,744.41 |
| 2017-12-31 | 11,575.31 | 2,077.14 | 2,761.38 |
| 2017-09-30 | 11,594.73 | 1,056.00 | 2,961.50 |
| 2017-06-30 | 11,377.11 | 1,026.00 | 4,668.66 |
| 2017-03-31 | 10,659.36 | 900.00 | 3,172.15 |
| 2016-12-31 | 9,758.53 | 0.00 | 4,437.58 |
| 2016-09-30 | 9,727.71 | 0.00 | 2,681.58 |
| 2016-06-30 | 9,638.19 | 0.00 | 3,730.21 |
| 2016-03-31 | 9,634.13 | 0.00 | 2,925.81 |
| 2015-12-31 | 9,622.46 | 0.00 | 3,352.30 |
| 2015-09-30 | 9,553.05 | 101.02 | 1,912.71 |
| 2015-06-30 | 9,590.49 | 102.08 | 3,454.04 |
| 2015-03-31 | 9,644.17 | 97.54 | 2,567.56 |
| 2014-12-31 | 9,583.79 | 97.17 | 3,119.63 |
| 2014-09-30 | 9,684.19 | 98.44 | 2,446.21 |
| 2014-06-30 | 9,664.98 | 98.44 | 3,240.19 |
| 2014-03-31 | 9,804.92 | 98.43 | 2,514.01 |
| 2013-12-31 | 9,682.18 | 136.05 | 3,606.66 |
| 2013-09-30 | 9,548.32 | 0.00 | 2,783.64 |
| 2013-06-30 | 9,396.62 | 48.50 | 4,169.30 |
| 2013-03-31 | 9,732.54 | 0.00 | 4,560.48 |
| 2012-12-31 | 9,353.85 | 49.00 | 4,921.22 |
| 2012-09-30 | 7,288.21 | 49.50 | 3,274.76 |
| 2012-06-30 | 6,892.61 | 59.50 | 3,319.63 |
| 2012-03-31 | 6,484.20 | 60.00 | 3,364.95 |
- Zhengzhou Coal Mining Machinery Group's level of debt (36.1%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has increased over the past 5 years (0% vs 36.1% today).
- Debt is not well covered by operating cash flow (14.3%, less than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 459.7x coverage).
Financial health checks
We assess Zhengzhou Coal Mining Machinery Group's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Zhengzhou Coal Mining Machinery Group has a total score of 4/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
HK$2,000 of
Zhengzhou Coal Mining Machinery Group
shares you are expected to receive
HK$31
in your first year as a dividend.
Dividend Amount
- Zhengzhou Coal Mining Machinery Group's pays a lower dividend yield than the bottom 25% of dividend payers in Hong Kong (2.02%).
- Zhengzhou Coal Mining Machinery Group's dividend is below the markets top 25% of dividend payers in Hong Kong (5.34%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 2 Analyst Estimates (S&P Global) | See Below |
| Hong Kong Machinery Industry Average Dividend Yield | Market Cap Weighted Average of 23 Stocks | 3.3% |
| Hong Kong Market Average Dividend Yield | Market Cap Weighted Average of 926 Stocks | 3.5% |
| Hong Kong Minimum Threshold Dividend Yield | 10th Percentile | 1.1% |
| Hong Kong Bottom 25% Dividend Yield | 25th Percentile | 2% |
| Hong Kong Top 25% Dividend Yield | 75th Percentile | 5.3% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in CN¥) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2020-12-31 | 0.21 | 1.00 |
| 2019-12-31 | 0.18 | 1.00 |
| 2018-12-31 | 0.16 | 1.00 |
| Date (Data in CN¥) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2018-07-09 | 0.050 | 1.500 |
| 2017-07-17 | 0.011 | 0.295 |
| 2016-03-31 | 0.008 | 0.240 |
| 2015-04-20 | 0.038 | 1.202 |
| 2014-06-30 | 0.165 | 4.073 |
| 2013-06-07 | 0.300 | 7.927 |
| 2012-12-05 | 0.060 | 0.882 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Zhengzhou Coal Mining Machinery Group has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
- Zhengzhou Coal Mining Machinery Group has only been paying a dividend for 6 years, and since then dividends per share have fallen.
Income/ dividend checks
We assess Zhengzhou Coal Mining Machinery Group's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Zhengzhou Coal Mining Machinery Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Zhengzhou Coal Mining Machinery Group has a total score of 2/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| AGE | 48 |
| TENURE AS CEO | 1.1 years |
CEO Bio
Mr. Hao Jia has been Vice Chairman and General Manager of Zhengzhou Coal Mining Machinery Group Co., Ltd. since February 12, 2018 and served as its Deputy General Manager since February 16, 2015 until February 13, 2018. Mr. Jia served as General Manager of the investment department of Salim Group (China) Company Limited. Since March 2006, he served as President of Shanghai Huili Group Company Limited. In 1990, Mr. Jia worked at Guangzhou Electrical and Mechanical Scientific Research Institute of China National Machinery Industry Corporation and was responsible for design and research. He also worked at Parker Hannifin Motion & Control (Shanghai) Co., Ltd and was responsible for sales. He served as Director of Shanghai Huili Company Limited. Mr. Jia graduated from University of Shanghai for Science and Technology in 1991, majoring in mechanical engineering. In April 2001, he obtained an Executive Master of Business Administration (EMBA) degree from China Europe International Business School.
CEO Compensation
- Insufficient data for Hao to compare compensation growth.
- Insufficient data for Hao to establish whether their remuneration is reasonable compared to companies of similar size in Hong Kong.
Management Team Tenure
Average tenure and age of the Zhengzhou Coal Mining Machinery Group management team in years:
- The average tenure for the Zhengzhou Coal Mining Machinery Group management team is less than 2 years, this suggests a new team.
Management Team
Chengyao Jiao
Executive Chairman
55
Jiayu Xiang
Executive Director
CN¥589K
53
Xinying Wang
Executive Director
CN¥148K
53
Hao Jia
Vice Chairman & GM
48
1.1 yrs
Hua Huang
Chief Financial Officer
49
1.1 yrs
Zugang Fu
Executive Director
CN¥999K
53
Youjin Gao
Chief Engineer and Deputy General Manager
55
10.3 yrs
Bin Wang
Executive Director
57
1.1 yrs
Haibin Zhang
Deputy GM & Company Secretary
37
4 yrs
Yin Chan
Assistant to the Company Secretary
43
Board of Directors Tenure
Average tenure and age of the Zhengzhou Coal Mining Machinery Group board of directors in years:
- The tenure for the Zhengzhou Coal Mining Machinery Group board of directors is about average.
Board of Directors
Chengyao Jiao
Executive Chairman
55
10.3 yrs
Jiayu Xiang
Executive Director
CN¥589K
53
10.3 yrs
Xinying Wang
Executive Director
CN¥148K
53
4.1 yrs
Hao Jia
Vice Chairman & GM
48
1.1 yrs
Zugang Fu
Executive Director
CN¥999K
53
1.1 yrs
Bin Wang
Executive Director
57
1.1 yrs
Qiang Liu
Chairman of the Board of Supervisors
CN¥440K
49
1.1 yrs
Hua Jiang
Independent Non-Executive Director
CN¥140K
55
4.1 yrs
Xudong Li
Independent Non-Executive Director
CN¥140K
48
4.1 yrs
Yao Liu
Independent Non-Executive Director
CN¥161K
43
4.8 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (HK$) | Value (HK$) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 15. Mar 19 | Buy | UBS Asset Management | Company | 12. Mar 19 | 12. Mar 19 | 1,591,200 | HK$3.79 | HK$6,036,374 | ||
Management checks
We assess Zhengzhou Coal Mining Machinery Group's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Zhengzhou Coal Mining Machinery Group 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
How Do Zhengzhou Coal Mining Machinery Group Company Limited’s (HKG:564) Returns Compare To Its Industry?
In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its 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 - – Full articleZhengzhou Coal Mining Machinery Group Company Limited (HKG:564): Time For A Financial Health Check
However, an important fact which most ignore is: how financially healthy is the business? … Assessing first and foremost the financial health is. … Here are a few basic checks that are good enough to have a broad overview of the company’s financial strength.
Simply Wall St - – Full articleHow Does Zhengzhou Coal Mining Machinery Group Company Limited (HKG:564) Fare As A Dividend Stock?
Historically, Zhengzhou Coal Mining Machinery Group Company Limited (HKG:564) has paid a dividend to shareholders. … Let's take a look at Zhengzhou Coal Mining Machinery Group in more detail. … View our latest analysis for Zhengzhou Coal Mining Machinery Group
Simply Wall St - – Full articleWhat Kind Of Shareholder Owns Most Zhengzhou Coal Mining Machinery Group Company Limited (HKG:564) Stock?
The big shareholder groups in Zhengzhou Coal Mining Machinery Group Company Limited (HKG:564) have power over the company. … Generally speaking, as a company grows, institutions will increase their ownership. … Zhengzhou Coal Mining Machinery Group has a market capitalization of HK$11b, so we would expect some institutional investors to have noticed the stock.
Simply Wall St - – Full articleWhy Fundamental Investors Might Love Zhengzhou Coal Mining Machinery Group Company Limited (HKG:564)
As an investor, I look for investments which does not compromise one fundamental factor for another. … By this I mean, I look at stocks holistically, from their financial health to their future outlook. … In the case of Zhengzhou Coal Mining Machinery Group Company Limited (HKG:564), it
Simply Wall St - – Full articleDoes The Zhengzhou Coal Mining Machinery Group Company Limited (HKG:564) Share Price Tend To Follow The Market?
Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.
Simply Wall St - – Full articleDoes Zhengzhou Coal Mining Machinery Group Company Limited's (HKG:564) P/E Ratio Signal A Buying Opportunity?
To keep it practical, we'll show how Zhengzhou Coal Mining Machinery Group Company Limited's (HKG:564) P/E ratio could help you assess the value on offer. … Zhengzhou Coal Mining Machinery Group has a P/E ratio of 8.67, based on the last twelve months. … View our latest analysis for Zhengzhou Coal Mining Machinery Group?
Simply Wall St - – Full articleWhat You Must Know About Zhengzhou Coal Mining Machinery Group Company Limited's (HKG:564) Financial Strength
While small-cap stocks, such as Zhengzhou Coal Mining Machinery Group Company Limited (HKG:564) with its market cap of HK$11b, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Assessing first and foremost the financial health is. … Here are few basic financial health checks you should consider before taking the plunge.
Simply Wall St - – Full articleSomething To Consider Before Buying Zhengzhou Coal Mining Machinery Group Company Limited (HKG:564) For The 1.4% Dividend
Historically, Zhengzhou Coal Mining Machinery Group Company Limited (HKG:564) has paid dividends to shareholders, and these days it yields 1.4%. … Let's take a look at Zhengzhou Coal Mining Machinery Group in more detail. … Check out our latest analysis for Zhengzhou Coal Mining Machinery Group
Simply Wall St - – Full articleIs There Now An Opportunity In Zhengzhou Coal Mining Machinery Group Company Limited (HKG:564)?
Zhengzhou Coal Mining Machinery Group Company Limited (HKG:564), which is in the machinery business, and is based in China,. … As a small cap stock, which tends to lack high analyst coverage, there is generally more of an opportunity for mispricing as there is less activity to push the stock closer to fair value? … Let’s examine Zhengzhou Coal Mining Machinery Group’s valuation and outlook in more detail to determine if there’s still a bargain opportunity
Simply Wall St - – Full articleCompany Info
Description
Zhengzhou Coal Mining Machinery Group Company Limited manufactures and sells coal mining and excavating equipment in the People’s Republic of China and internationally. It operates through Manufacture of Coal Mining Machinery and Manufacture of Auto Parts segments. The company’s products include powered roof supports that are used in thin seam, medium seam, thick seam, and longwall top coal caving; armored-face conveyors, which are used in longwall mining operations; bridge stage loaders that are designed for transfer of coal cut from the longwall face; crushers, which are designed to crush lump coal and oversize rocks to facilitate the conveying of belt conveyors; boot ends that are designed to enable the longwall retreats to take place without stopping the belt conveyors; and complete longwall system. It also trades in steel and other raw materials; manufactures hydraulic products; and offers aftermarket services. In addition, the company engages in the sale, purchase, and servicing of auto parts and components, and molding and metal materials; and research and development of mining products. The company was founded in 1958 and is headquartered in Zhengzhou, the People’s Republic of China. Zhengzhou Coal Mining Machinery Group Company Limited is a subsidiary of Henan Machinery Investment Group Co., Ltd.
Details
| Name: | Zhengzhou Coal Mining Machinery Group Company Limited |
| 564 | |
| Exchange: | SEHK |
| Founded: | 1958 |
| HK$11,743,931,320 | |
| 1,732,471,370 | |
| Website: | http://www.zzmj.com |
| Address: |
Zhengzhou Coal Mining Machinery Group Company Limited No.167, 9th Street, Econ-Tech Development Zone, Zhengzhou, Henan Province, China |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| SEHK | 564 | Foreign Shares-Foreign Listed | The Stock Exchange of Hong Kong Ltd. | HK | HKD | 05. Dec 2012 | |
| DB | ZGC | Foreign Shares-Foreign Listed | Deutsche Boerse AG | DE | EUR | 05. Dec 2012 | |
| SHSC | 564 | Foreign Shares-Foreign Listed | Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect | HK | HKD | 05. Dec 2012 | |
| SZSC | 564 | Foreign Shares-Foreign Listed | The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect | HK | HKD | 05. Dec 2012 | |
| SHSE | 601717 | Domestic Shares | Shanghai Stock Exchange | CN | CNY | 03. Aug 2010 | |
| XSSC | 601717 | Domestic Shares | Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect | CN | CNY | 03. Aug 2010 |
Number of employees
Current staff
Industry
| Construction Machinery and Heavy Trucks | |
| Capital Goods |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/03/23 12:51 |
| End of day share price update: | 2019/03/22 00:00 |
| Last estimates confirmation: | 2019/02/27 |
| Last earnings filing: | 2018/10/26 |
| Last earnings reported: | 2018/09/30 |
| Last annual earnings reported: | 2017/12/31 |
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.
