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China Automation Group

SEHK:569
Snowflake Description

Adequate balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
569
SEHK
HK$1B
Market Cap
  1. Home
  2. HK
  3. Capital Goods
Company description

China Automation Group Limited, an investment holding company, provides safety and critical control systems in the People’s Republic of China, the United States, Japan, and Singapore. The last earnings update was 83 days ago. More info.


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  • China Automation Group has significant price volatility in the past 3 months.
569 Share Price and Events
7 Day Returns
0%
SEHK:569
0.1%
HK Machinery
0.6%
HK Market
1 Year Returns
30.8%
SEHK:569
7.5%
HK Machinery
-5.9%
HK Market
569 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
China Automation Group (569) 0% 3.7% 38.6% 30.8% 17.6% -10.8%
HK Machinery 0.1% 1.5% -10.5% 7.5% 60.3% 42.7%
HK Market 0.6% 3.7% -8.2% -5.9% 17.2% 4.8%
1 Year Return vs Industry and Market
  • 569 outperformed the Machinery industry which returned 7.5% over the past year.
  • 569 outperformed the Market in Hong Kong which returned -5.9% over the past year.
Price Volatility
569
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for China Automation Group's competitors could be found in our database.

Value

 Is China Automation Group 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 China Automation 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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for China Automation Group.

SEHK:569 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 13.3%
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:569
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6%
Machinery Unlevered Beta Simply Wall St/ S&P Global 1.09
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.085 (1 + (1- 25%) (154.19%))
1.898
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.9
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.898 * 5.96%)
13.32%

Discounted Cash Flow Calculation for SEHK:569 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for China Automation 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.

SEHK:569 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 13.32%)
2020 20.56 Est @ 46.29% 18.15
2021 27.35 Est @ 33% 21.30
2022 33.83 Est @ 23.7% 23.25
2023 39.65 Est @ 17.19% 24.05
2024 44.66 Est @ 12.64% 23.90
2025 48.88 Est @ 9.45% 23.09
2026 52.40 Est @ 7.21% 21.84
2027 55.36 Est @ 5.65% 20.37
2028 57.89 Est @ 4.56% 18.79
2029 60.08 Est @ 3.79% 17.21
Present value of next 10 years cash flows CN¥211.94
SEHK:569 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥60.08 × (1 + 2%) ÷ (13.32% – 2%)
CN¥541.70
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥541.70 ÷ (1 + 13.32%)10
CN¥155.18
SEHK:569 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥211.94 + CN¥155.18
CN¥367.12
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥367.12 / 1,026.26
CN¥0.36
SEHK:569 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:569)
1.138
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥0.36 x 1.138
HK$0.41
Value per share (HKD) From above. HK$0.41
Current discount Discount to share price of HK$1.40
= -1 x (HK$1.40 - HK$0.41) / HK$0.41
-243.9%

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

  • The current share price of China Automation Group 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 China Automation Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are China Automation Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:569 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥-0.02
SEHK:569 Share Price ** SEHK (2019-07-16) in HKD HK$1.4
SEHK:569 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.879 CN¥1.23
Hong Kong Machinery Industry PE Ratio Median Figure of 37 Publicly-Listed Machinery Companies 9.32x
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 China Automation Group.

SEHK:569 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:569 Share Price ÷ EPS (both in CNY)

= 1.23 ÷ -0.02

-68.32x

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

  • China Automation Group is loss making, we can't compare its value to the HK Machinery industry average.
  • China Automation Group is loss making, we can't compare the value of its earnings to the Hong Kong market.
Price based on expected Growth
Does China Automation Group's expected growth come at a high price?
Raw Data
SEHK:569 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -68.32x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Hong Kong Machinery Industry PEG Ratio Median Figure of 12 Publicly-Listed Machinery Companies 0.68x
Hong Kong Market PEG Ratio Median Figure of 477 Publicly-Listed Companies 0.8x

*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 China Automation Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on China Automation Group's assets?
Raw Data
SEHK:569 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥1.14
SEHK:569 Share Price * SEHK (2019-07-16) in HKD HK$1.4
SEHK:569 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.879 CN¥1.23
Hong Kong Machinery Industry PB Ratio Median Figure of 50 Publicly-Listed Machinery Companies 0.99x
Hong Kong Market PB Ratio Median Figure of 2,190 Publicly-Listed Companies 0.92x
SEHK:569 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:569 Share Price ÷ Book Value per Share (both in CNY)

= 1.23 ÷ 1.14

1.08x

* Primary Listing of China Automation Group.

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

  • China Automation Group is overvalued based on assets compared to the HK Machinery industry average.
X
Value checks
We assess China Automation Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Machinery industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Machinery industry average (and greater than 0)? (1 check)
  5. China Automation Group has a total score of 0/6, 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 China Automation Group 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 China Automation Group 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
12.6%
Expected Machinery industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is China Automation Group expected to grow at an attractive rate?
  • Unable to compare China Automation Group's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare China Automation Group's earnings growth to the Hong Kong market average as no estimate data is available.
  • Unable to compare China Automation Group's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:569 Future Growth Rates Data Sources
Data Point Source Value (per year)
Hong Kong Machinery Industry Earnings Growth Rate Market Cap Weighted Average 12.6%
Hong Kong Machinery Industry Revenue Growth Rate Market Cap Weighted Average 10.2%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.3%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

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

Analysts growth expectations
Raw Data
SEHK:569 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:569 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 1,891 323 -18
2018-09-30 1,755 248 -91
2018-06-30 1,620 172 -164
2018-03-31 1,421 142 -183
2017-12-31 1,223 112 -202
2017-09-30 1,268 118 -333
2017-06-30 1,133 147 -361
2017-03-31 1,098 133 -342
2016-12-31 1,062 120 -323
2016-06-30 1,214 33 -392
2016-03-31 1,427 66 -357

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if China Automation Group is high growth as no earnings estimate data is available.
  • Unable to determine if China Automation Group 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:569 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 China Automation Group Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:569 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 -0.02
2018-09-30 -0.09
2018-06-30 -0.16
2018-03-31 -0.18
2017-12-31 -0.20
2017-09-30 -0.32
2017-06-30 -0.35
2017-03-31 -0.33
2016-12-31 -0.31
2016-06-30 -0.38
2016-03-31 -0.35

*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 China Automation Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine China Automation Group's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. China Automation Group'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. China Automation Group'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 China Automation Group'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.
China Automation Group 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.

Past Performance

  How has China Automation 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
Below we compare China Automation Group's growth in the last year to its industry (Machinery).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • China Automation Group does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare China Automation Group's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare China Automation Group's 1-year growth to the HK Machinery industry average as it is not currently profitable.
Earnings and Revenue History
China Automation Group'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 China Automation Group Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:569 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 1,891.09 -18.48 362.20 63.90
2018-09-30 1,755.48 -91.07 389.26 61.43
2018-06-30 1,619.86 -163.66 321.15 58.96
2018-03-31 1,421.44 -182.60 315.42 60.55
2017-12-31 1,223.02 -201.55 357.28 62.14
2017-09-30 1,267.64 -333.27 332.75 75.67
2017-06-30 1,133.28 -360.54 288.96 67.04
2017-03-31 1,097.70 -341.61 288.42 69.22
2016-12-31 1,062.13 -322.67 287.88 71.40
2016-06-30 1,213.95 -391.77 322.49 75.87
2016-03-31 1,427.47 -357.07 344.85 76.00
2015-12-31 1,640.98 -322.38 367.21 76.13
2015-06-30 1,710.37 -82.19 367.20 83.57
2015-03-31 1,814.44 -41.43 365.45 83.77
2014-12-31 1,918.51 -0.66 363.70 83.98
2014-09-30 2,100.78 37.86 417.16 92.79
2014-06-30 2,078.36 58.37 429.25 90.69
2014-03-31 2,193.58 65.97 458.05 93.29
2013-12-31 2,308.80 73.57 486.84 95.88
2013-09-30 2,299.45 66.87 485.30 94.26
2013-06-30 2,290.10 60.16 483.76 92.64
2013-03-31 2,250.43 72.37 478.70 83.49
2012-12-31 2,210.75 84.58 473.63 74.33
2012-09-30 2,123.56 108.61 452.21 59.91

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

Health

 How is China Automation 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 China Automation Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • China Automation Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • China Automation Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of China Automation Group'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 1.4x 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 China Automation Group Company Filings, last reported 6 months ago.

SEHK:569 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,371.78 1,946.69 795.16
2018-09-30 1,371.78 1,946.69 795.16
2018-06-30 1,279.37 1,605.02 393.79
2018-03-31 1,279.37 1,605.02 393.79
2017-12-31 1,368.60 1,398.71 339.93
2017-09-30 1,368.60 1,327.75 339.93
2017-06-30 1,346.14 829.28 182.99
2017-03-31 1,346.14 829.28 182.99
2016-12-31 1,512.67 1,003.32 168.54
2016-06-30 1,756.27 895.92 168.82
2016-03-31 1,756.27 895.92 168.82
2015-12-31 1,921.18 1,125.45 601.24
2015-06-30 2,249.02 738.67 293.11
2015-03-31 2,249.02 738.67 293.11
2014-12-31 2,202.00 1,507.56 395.23
2014-09-30 2,202.00 1,507.56 395.23
2014-06-30 2,236.52 1,504.35 472.44
2014-03-31 2,236.52 1,504.35 472.44
2013-12-31 2,163.97 1,544.25 457.10
2013-09-30 2,163.97 1,544.25 457.10
2013-06-30 2,171.62 1,597.38 418.15
2013-03-31 2,171.62 1,597.38 418.15
2012-12-31 2,075.35 1,598.15 494.82
2012-09-30 2,075.35 1,598.15 494.82
  • China Automation Group's level of debt (141.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (71.3% vs 141.9% 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 China Automation Group has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making China Automation Group has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -78.8% per year.
X
Financial health checks
We assess China Automation Group'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. China Automation Group 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 China Automation Group'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 China Automation Group dividends.
If you bought HK$2,000 of China Automation Group 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 China Automation Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate China Automation Group'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:569 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 Machinery Industry Average Dividend Yield Market Cap Weighted Average of 26 Stocks 3.2%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 978 Stocks 3.6%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.2%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.1%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

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

SEHK:569 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2014-09-22 0.000 0.000
2014-08-27 0.000 0.000
2014-04-24 0.000 0.000
2014-03-26 0.000 0.000
2013-03-26 0.019 1.524
2012-09-19 0.000 0.000
2012-08-22 0.000 0.000
2012-03-28 0.040 2.788
2011-08-23 0.032 1.757
2011-03-17 0.057 1.391
2010-03-22 0.044 0.889
2009-04-15 0.035 1.008

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

  • Unable to perform a dividend volatility check as China Automation Group has not reported any payouts.
  • Unable to verify if China Automation Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of China Automation Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as China Automation Group 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 China Automation Group'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 China Automation Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. China Automation Group 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 China Automation Group'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
Rui Guo Xuan
COMPENSATION CN¥3,673,000
AGE 51
TENURE AS CEO 2.8 years
CEO Bio

Mr. Rui Guo Xuan is Co- founder of China Automation Group Ltd. and has been its Chief Executive Officer since September 14, 2016 and responsible for its overall strategic and financial planning and long-term development. Mr. Xuan served as General Manager of Beijing Kangqisen Automation Company from November 1995 to April 1999. From December 1993 to October 1995, Mr. Xuan worked as a manager of Beijing Kangqisen Automation Company. Mr. Xuan serves as the Chairman of China Automation Group Ltd. and serves as its Executive Director. He serves as Vice Chairman of the Board of Directors of Guangdong Kaiping Chunhui Co., Ltd. He has over six years of experience in the roles of management, administration and business development in different industries including industrial automation, biotechnology, telecommunication and trading companies in the PRC before founding Beijing Consen in 1999. Mr. Xuan graduated from the Renmin University of China with a bachelor degree specializing in international politics.

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

Average tenure and age of the China Automation Group management team in years:

2.8
Average Tenure
53
Average Age
  • The tenure for the China Automation Group management team is about average.
Management Team

Rui Guo Xuan

TITLE
Co-Founder
COMPENSATION
CN¥4M
AGE
51
TENURE
2.8 yrs

Chuensheng Wang

TITLE
Executive Director
COMPENSATION
CN¥856K
AGE
59

Zheng Qiang Zhou

TITLE
Group President
AGE
53
TENURE
2.8 yrs

Qiu Ping Wang

TITLE
Group Chief Financial Officer
AGE
39
TENURE
1.8 yrs

Benson Chow

TITLE
Financial Controller & Company Secretary
AGE
60

Bill Barkovitz

TITLE
President of US Operations of Inovex Corporation
AGE
48

Yan Mei Wang

TITLE
Chairman & GM of Beijing Haidian Zhongjing Engineering Software Technologies Ltd
AGE
78
Board of Directors Tenure

Average tenure and age of the China Automation Group board of directors in years:

7.2
Average Tenure
66
Average Age
  • The tenure for the China Automation Group board of directors is about average.
Board of Directors

Rui Guo Xuan

TITLE
Co-Founder
COMPENSATION
CN¥4M
AGE
51

Chuensheng Wang

TITLE
Executive Director
COMPENSATION
CN¥856K
AGE
59
TENURE
2.9 yrs

Yan Mei Wang

TITLE
Chairman & GM of Beijing Haidian Zhongjing Engineering Software Technologies Ltd
AGE
78

Wing Fai Ng

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥205K
AGE
60
TENURE
12.1 yrs

Tai Wen Wang

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥154K
AGE
72
TENURE
11.5 yrs

Xin Zhi Zhang

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥154K
AGE
74
TENURE
2.9 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 China Automation Group'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. China Automation 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

What does China Automation Group Limited's (HKG:569) Balance Sheet Tell Us About Its Future?

China Automation Group Limited (HKG:569) is a small-cap stock with a market capitalization of HK$1.1b. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health.

Simply Wall St -

How Much Of China Automation Group Limited (HKG:569) Do Insiders Own?

Every investor in China Automation Group Limited (HKG:569) should be aware of the most powerful shareholder groups. … China Automation Group is not a large company by global standards. … View our latest analysis for China Automation Group

Simply Wall St -

Before You Buy China Automation Group Limited (HKG:569), Consider Its Volatility

Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Before we go on, it's worth noting that Warren Buffett pointed out in his 2014 letter to shareholders that 'volatility is far from synonymous with risk.' Having said that, beta can still be rather useful.

Simply Wall St -

What Kind Of Risk Should You Expect For China Automation Group Limited (HKG:569)?

If you are looking to invest in China Automation Group Limited’s (HKG:569), or currently own the stock, then you need to understand its beta in order to understand how it can affect the risk of your portfolio. … The second risk is market-wide, which arises from investing in the stock market. … The most widely used metric to quantify a stock's market risk is beta, and the market as a whole represents a beta of one.

Simply Wall St -

Company Info

Description

China Automation Group Limited, an investment holding company, provides safety and critical control systems in the People’s Republic of China, the United States, Japan, and Singapore. It operates through Petrochemical and Hospital Services segments. The company offers safety and critical control systems, including integrated turbine and compressor controls, intelligent machinery expert control and safety operation management systems, integrated turbine and compressor controls–operation training systems, emergency shutdown devices, and fire and gas systems; and control valves. It also sells software products to the petrochemical, chemical, oil and gas, biodiesel, and coal chemical industries; trades in equipment and automation products; provides maintenance and engineering, and design and consultation services; provides healthcare services; and sells pharmaceutical products. In addition, the company offers industrial turbo machinery process controls; systems design and development; software development and integrated circuit design; and energy-saving and environmental technology services. Further, it distributes, trains, and engineers instrumentation and control products; designs, develops, and sells construction material for railway and highroad; and researches and develops, and programs and licenses software. Additionally, it manufactures steel-casting; develops and sells real estate; and produces biodiesel fuel and related technology services; develops new energy; and sells power generation equipment. The company also engages in infrastructure and investment management activities. The company was founded in 1999 and is headquartered in Beijing, China. China Automation Group Limited is a subsidiary of Araco Investment Limited.

Details
Name: China Automation Group Limited
569
Exchange: SEHK
Founded: 1999
HK$1,436,769,220
1,026,263,729
Website: http://www.cag.com.hk
Address: China Automation Group Limited
No. 7, Anxiang Street,
Area B,
Beijing,
101318,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 569 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 12. Jul 2007
DB 3CAA Ordinary Shares Deutsche Boerse AG DE EUR 12. Jul 2007
Number of employees
Current staff
Staff numbers
2,307
China Automation Group employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/16 12:50
End of day share price update: 2019/07/16 00:00
Last earnings filing: 2019/04/24
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.