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Sany Heavy Equipment International Holdings

SEHK:631
Snowflake Description

Flawless balance sheet with high growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
631
SEHK
HK$10B
Market Cap
  1. Home
  2. HK
  3. Capital Goods
Company description

Sany Heavy Equipment International Holdings Company Limited, an investment holding company, researches, develops, manufactures, and sells integrated excavation machinery, integrated coal mining equipment, and coal mine transportation equipment in Mainland China. The last earnings update was 146 days ago. More info.


Add to Portfolio Compare Print
  • Sany Heavy Equipment International Holdings has significant price volatility in the past 3 months.
631 Share Price and Events
7 Day Returns
19.5%
SEHK:631
2.9%
HK Machinery
1.7%
HK Market
1 Year Returns
59.5%
SEHK:631
3%
HK Machinery
-9.4%
HK Market
631 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sany Heavy Equipment International Holdings (631) 19.5% 17.1% 37.2% 59.5% 115.7% 82.4%
HK Machinery 2.9% 9.1% 23.3% 3% 58.5% 28.9%
HK Market 1.7% 5.9% 13.7% -9.4% 29.8% 22.4%
1 Year Return vs Industry and Market
  • 631 outperformed the Machinery industry which returned 3% over the past year.
  • 631 outperformed the Market in Hong Kong which returned -9.4% over the past year.
Price Volatility
631
Industry
5yr Volatility vs Market

Value

 Is Sany Heavy Equipment International Holdings undervalued based on future cash flows and its price relative to the stock market?

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

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

Below are the data sources, inputs and calculation used to determine the intrinsic value for Sany Heavy Equipment International Holdings.

SEHK:631 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.4%
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:631
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 1.06
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.06 (1 + (1- 25%) (6.75%))
1.076
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.08
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.076 * 5.96%)
8.42%

Discounted Cash Flow Calculation for SEHK:631 using 2 Stage Free Cash Flow to Equity Model

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

SEHK:631 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 8.42%)
2019 383.71 Est @ 9.35% 353.92
2020 411.12 Est @ 7.15% 349.77
2021 434.15 Est @ 5.6% 340.70
2022 453.79 Est @ 4.52% 328.47
2023 470.88 Est @ 3.77% 314.38
2024 486.13 Est @ 3.24% 299.37
2025 500.07 Est @ 2.87% 284.05
2026 513.11 Est @ 2.61% 268.83
2027 525.56 Est @ 2.43% 253.98
2028 537.64 Est @ 2.3% 239.65
Present value of next 10 years cash flows CN¥3,033.13
SEHK:631 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CN¥537.64 × (1 + 2%) ÷ (8.42% – 2%)
CN¥8,552.34
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥8,552.34 ÷ (1 + 8.42%)10
CN¥3,812.18
SEHK:631 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥3,033.13 + CN¥3,812.18
CN¥6,845.31
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥6,845.31 / 3,041.03
CN¥2.25
SEHK:631 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:631)
1.17
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥2.25 x 1.17
HK$2.63
Value per share (HKD) From above. HK$2.63
Current discount Discount to share price of HK$3.43
= -1 x (HK$3.43 - HK$2.63) / HK$2.63
-30.3%

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

  • The current share price of Sany Heavy Equipment International Holdings is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Sany Heavy Equipment International Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sany Heavy Equipment International Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:631 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in CNY CN¥0.18
SEHK:631 Share Price ** SEHK (2019-03-20) in HKD HK$3.43
SEHK:631 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.855 CN¥2.93
Hong Kong Machinery Industry PE Ratio Median Figure of 33 Publicly-Listed Machinery Companies 10.37x
Hong Kong Market PE Ratio Median Figure of 1,496 Publicly-Listed Companies 11.02x

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

** Primary Listing of Sany Heavy Equipment International Holdings.

SEHK:631 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:631 Share Price ÷ EPS (both in CNY)

= 2.93 ÷ 0.18

16.28x

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

  • Sany Heavy Equipment International Holdings is overvalued based on earnings compared to the HK Machinery industry average.
  • Sany Heavy Equipment International Holdings is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Sany Heavy Equipment International Holdings's expected growth come at a high price?
Raw Data
SEHK:631 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.28x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
24.4%per year
Hong Kong Machinery Industry PEG Ratio Median Figure of 11 Publicly-Listed Machinery Companies 0.78x
Hong Kong Market PEG Ratio Median Figure of 467 Publicly-Listed Companies 0.81x

*Line of best fit is calculated by linear regression .

SEHK:631 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 16.28x ÷ 24.4%

0.67x

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

  • Sany Heavy Equipment International Holdings is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Sany Heavy Equipment International Holdings's assets?
Raw Data
SEHK:631 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in CNY CN¥2.01
SEHK:631 Share Price * SEHK (2019-03-20) in HKD HK$3.43
SEHK:631 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.855 CN¥2.93
Hong Kong Machinery Industry PB Ratio Median Figure of 45 Publicly-Listed Machinery Companies 0.88x
Hong Kong Market PB Ratio Median Figure of 2,138 Publicly-Listed Companies 0.99x
SEHK:631 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:631 Share Price ÷ Book Value per Share (both in CNY)

= 2.93 ÷ 2.01

1.46x

* Primary Listing of Sany Heavy Equipment International Holdings.

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

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

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

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

Future Performance

 How is Sany Heavy Equipment International Holdings expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
24.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sany Heavy Equipment International Holdings expected to grow at an attractive rate?
  • Sany Heavy Equipment International Holdings's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • Sany Heavy Equipment International Holdings's earnings growth is expected to exceed the Hong Kong market average.
  • Sany Heavy Equipment International Holdings's revenue growth is expected to exceed the Hong Kong market average.
Annual Growth Rates Comparison
Raw Data
SEHK:631 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:631 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 24.4%
SEHK:631 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 23.4%
Hong Kong Machinery Industry Earnings Growth Rate Market Cap Weighted Average 15.5%
Hong Kong Machinery Industry Revenue Growth Rate Market Cap Weighted Average 12.5%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.8%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.1%

*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:631 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:631 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 7,327 403 964 4
2019-12-31 6,385 494 848 4
2018-12-31 4,815 333 607 4
SEHK:631 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-09-30 4,069 548
2018-06-30 3,477 515 455
2018-03-31 2,971 330
2017-12-31 2,481 607 229
2017-09-30 2,275 -111
2017-06-30 2,183 475 -476
2017-03-31 1,920 -555
2016-12-31 1,842 1,327 -644
2016-09-30 1,845 1,495 -356
2016-06-30 1,849 1,662 -67
2016-03-31 2,025 907 -24
2015-12-31 2,202 153 18

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Sany Heavy Equipment International Holdings's earnings are expected to grow significantly at over 20% yearly.
  • Sany Heavy Equipment International Holdings's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SEHK:631 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 4 Analyst Estimates (S&P Global) See Below

All data from Sany Heavy Equipment International Holdings Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:631 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.32 0.38 0.21 4.00
2019-12-31 0.28 0.32 0.20 4.00
2018-12-31 0.20 0.21 0.19 3.00
SEHK:631 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-09-30 0.18
2018-06-30 0.15
2018-03-31
2017-12-31 0.08
2017-09-30
2017-06-30 -0.16
2017-03-31
2016-12-31 -0.21
2016-09-30 -0.12
2016-06-30 -0.02
2016-03-31 -0.01
2015-12-31 0.01

*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.
  • Sany Heavy Equipment International Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Sany Heavy Equipment International Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Sany Heavy Equipment International Holdings has a total score of 5/6, 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 Sany Heavy Equipment International Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Sany Heavy Equipment International Holdings's growth in the last year to its industry (Machinery).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Sany Heavy Equipment International Holdings's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Sany Heavy Equipment International Holdings has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Sany Heavy Equipment International Holdings has become profitable in the last year making it difficult to compare the HK Machinery industry average.
Earnings and Revenue History
Sany Heavy Equipment International Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Sany Heavy Equipment International Holdings Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:631 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 4,068.81 547.92 641.33
2018-06-30 3,476.88 455.47 787.02
2018-03-31 2,970.79 329.72 641.33
2017-12-31 2,481.37 229.44 641.33
2017-09-30 2,275.16 -111.37 183.89
2017-06-30 2,182.91 -476.39 633.45
2017-03-31 1,919.52 -554.66 501.48
2016-12-31 1,841.83 -644.38 635.16
2016-09-30 1,845.45 -355.55 611.26
2016-06-30 1,849.06 -66.72 587.36
2016-03-31 2,025.43 -24.33 617.59
2015-12-31 2,201.80 18.06 647.82
2015-09-30 2,072.45 15.90 660.26
2015-06-30 1,943.10 13.74 672.70
2015-03-31 2,059.17 91.01 672.14
2014-12-31 2,175.24 168.27 671.58
2014-09-30 2,590.89 216.35 732.64
2014-06-30 3,006.55 264.43 793.70
2014-03-31 3,116.01 310.32 826.82
2013-12-31 3,225.46 356.21 859.94
2013-09-30 3,092.15 333.34 859.66
2013-06-30 2,958.83 310.48 859.39
2013-03-31 3,299.79 405.00 900.24
2012-12-31 3,640.74 499.53 941.08
2012-09-30 3,992.11 671.21 938.03
2012-06-30 4,343.48 842.90 934.97
2012-03-31 4,061.83 808.63 891.12

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

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Sany Heavy Equipment International Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sany Heavy Equipment International Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Sany Heavy Equipment International Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Sany Heavy Equipment International Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 8.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Sany Heavy Equipment International Holdings Company Filings, last reported 5 months ago.

SEHK:631 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 6,220.37 580.83 1,168.06
2018-06-30 6,220.37 580.83 1,168.06
2018-03-31 6,362.17 429.13 1,554.82
2017-12-31 6,362.17 429.13 1,554.82
2017-09-30
2017-06-30 6,263.89 592.17 1,548.93
2017-03-31 6,134.14 161.42 1,302.66
2016-12-31 6,134.14 161.42 1,302.66
2016-09-30 6,134.14 161.42 1,302.66
2016-06-30 6,751.16 205.62 1,071.72
2016-03-31 6,751.16 205.62 1,071.72
2015-12-31 6,788.97 14.92 595.19
2015-09-30 6,788.97 14.92 595.19
2015-06-30 6,812.59 185.10 905.57
2015-03-31 6,812.59 185.10 905.57
2014-12-31 6,761.80 351.82 1,506.46
2014-09-30 6,761.80 351.82 1,506.46
2014-06-30 6,036.56 448.97 942.30
2014-03-31 6,036.56 448.97 942.30
2013-12-31 5,827.50 676.97 941.17
2013-09-30 5,827.50 676.97 941.17
2013-06-30 5,814.41 185.20 940.78
2013-03-31 5,814.41 185.20 940.78
2012-12-31 5,695.66 188.52 1,215.17
2012-09-30 5,695.66 188.52 1,215.17
2012-06-30 5,659.27 0.00 836.34
2012-03-31 5,659.27 0.00 836.34
  • Sany Heavy Equipment International Holdings's level of debt (9.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (11.6% vs 9.3% today).
  • Debt is well covered by operating cash flow (88.7%, greater than 20% of total debt).
  • Sany Heavy Equipment International Holdings earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Sany Heavy Equipment International Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Sany Heavy Equipment International Holdings has a total score of 6/6, 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 Sany Heavy Equipment International Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Sany Heavy Equipment International Holdings dividends. Estimated to be 2.49% next year.
If you bought HK$2,000 of Sany Heavy Equipment International Holdings shares you are expected to receive HK$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Sany Heavy Equipment International Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Sany Heavy Equipment International Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SEHK:631 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 4 Analyst Estimates (S&P Global) See Below
Hong Kong Machinery Industry Average Dividend Yield Market Cap Weighted Average of 23 Stocks 3.4%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 922 Stocks 3.4%
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.

SEHK:631 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.08 3.00
2019-12-31 0.07 3.00
2018-12-31 0.04 3.00
SEHK:631 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2014-09-01 0.000 0.000
2014-08-29 0.000 0.000
2014-03-28 0.000 0.000
2014-03-24 0.000 0.000
2013-02-26 0.050 2.582
2012-03-26 0.045 1.309
2011-03-31 0.041 0.695
2010-05-25 0.034 0.562
2010-04-29 0.035 0.702
2010-04-26 0.035 0.666

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

  • Unable to perform a dividend volatility check as Sany Heavy Equipment International Holdings has not reported any payouts.
  • Unable to verify if Sany Heavy Equipment International Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Sany Heavy Equipment International Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Sany Heavy Equipment International Holdings has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Sany Heavy Equipment International Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 Sany Heavy Equipment International Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sany Heavy Equipment International Holdings has a total score of 0/6, see the detailed checks below.


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

Management

 What is the CEO of Sany Heavy Equipment International Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jian Qi
COMPENSATION CN¥533,000
AGE 58
TENURE AS CEO 3.6 years
CEO Bio

Mr. Jian Qi has been the Chairman and Chief Executive Officer of Sany Heavy Equipment International Holdings Company Ltd. since August 6, 2015. Mr. Qi serves as Senior Vice President of Sany Group General Manager of Sany Mobile Cranes and Sany Lifting Solutions. He served as Vice President of Sany Heavy Industry Co., Ltd since July 10, 2013. Since 2001, he held Management functions in Sany Group (R&D, strategic development, marketing, finance, manufacturing) from 1982 to 2000, he served as Vice President of the Engineering Research Institute, Changhsa, Ministry of Chemical Industry. From 1982 to May 2001, Mr. Qi was taken positions such as the Deputy Chief Engineer and Deputy Director of China BlueStar Changsha Design and Research Institute, engaged in product design and contracting of engineering projects. He joined Sany Group in May 2001. He served as the Deputy Director of The Research Institute of Sany Heavy Industry Co., Ltd. from May 2001 to May 2003. He served as the Deputy General Manager of Sany Automobile Manufacturing Co., Ltd. from May 2003 to November 2006. He served as Vice President of the Heavy Industry Research Institute. He served as Deputy General Manager of Sany Vehicles Co., Ltd. He served as Deputy General Manager of Sany Taxi Service Co., Lts. He served as General Manager of Sany Port Machinery Co., Ltd. He served as General Manager of Sany Cranes Co., Ltd. He served as General manager of Sany Zhong Qi Co., Ltd. From November 2006 to July 2015, he served as the General Manager of Sany Automobile Lifting Machinery Co., Ltd. (Sany Automobile Lifting), a subsidiary of Sany Group. He has been an Executive Director of Sany Heavy Equipment International Holdings Company Ltd. since August 6, 2015. He served as a Member of Supervisory Board at Palfinger AG since March 12, 2014 until March 09, 2016. He was Award as Professoriate Senior Engineer by the Hunan Government. Mr. Qi studied B.A. in Chemical Machinery at Qing Institute of Chemical Technology from 1978 to 1982 and EMBA in English at Wuhan University Foreign Languages from 2003 to 2005.

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

Average tenure and age of the Sany Heavy Equipment International Holdings management team in years:

3
Average Tenure
46
Average Age
  • The tenure for the Sany Heavy Equipment International Holdings management team is about average.
Management Team

Jian Qi

TITLE
Chairman & CEO
COMPENSATION
CN¥533K
AGE
58
TENURE
3.6 yrs

Weizhong Fu

TITLE
Executive Director
AGE
45

Zhihong Zhang

TITLE
Executive Director
COMPENSATION
CN¥488K
AGE
47

Xiangjun Zhu

TITLE
Chief Financial Officer
AGE
34
TENURE
2.5 yrs

Philip Yu

TITLE
Joint Company Secretary
AGE
41
TENURE
2.1 yrs

Huidong Zhou

TITLE
Joint Company Secretary
AGE
42
TENURE
0.2 yrs

Weili Liu

TITLE
General Manager of the Sales Department
COMPENSATION
CN¥2M
AGE
55
TENURE
13.2 yrs

Kuang Canghao

TITLE
Standing Vice General Manager
COMPENSATION
CN¥292K
AGE
47
TENURE
6.5 yrs
Board of Directors Tenure

Average tenure and age of the Sany Heavy Equipment International Holdings board of directors in years:

3.6
Average Tenure
56
Average Age
  • The tenure for the Sany Heavy Equipment International Holdings board of directors is about average.
Board of Directors

Weizhong Fu

TITLE
Executive Director
AGE
45
TENURE
1 yrs

Zhihong Zhang

TITLE
Executive Director
COMPENSATION
CN¥488K
AGE
47
TENURE
1.7 yrs

Chiu Kwok Poon

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥217K
AGE
56
TENURE
3.3 yrs

Jian Qi

TITLE
Chairman & CEO
COMPENSATION
CN¥533K
AGE
58
TENURE
3.6 yrs

Zhongwu Mao

TITLE
Non-Executive Director
AGE
56
TENURE
4.5 yrs

Wenbo Xiang

TITLE
Non-Executive Director
AGE
56
TENURE
9.7 yrs

Yuk Keung Ng

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥217K
AGE
53
TENURE
9.3 yrs

Xiuguo Tang

TITLE
Non-Executive Director
AGE
55
TENURE
4.5 yrs

Jiquan Hu

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥167K
AGE
60
TENURE
2.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
27. Jun 18 Buy Wen Liang Individual 25. Jun 18 25. Jun 18 2,000,000 HK$2.90 HK$5,791,207
13. Nov 18 Buy Zhihong Zhang Individual 05. Nov 18 05. Nov 18 7,000 HK$2.27 HK$15,890
16. Jul 18 Buy Xiuguo Tang Individual 12. Jul 18 12. Jul 18 56,000 HK$2.77 HK$155,120
16. Jul 18 Buy Xiuguo Tang Individual 13. Jul 18 13. Jul 18 671,000 HK$2.79 HK$1,872,495
30. May 18 Buy Xiuguo Tang Individual 29. May 18 29. May 18 370,000 HK$2.69 HK$995,299
X
Management checks
We assess Sany Heavy Equipment International Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Sany Heavy Equipment International Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

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

News

Simply Wall St News

Does Sany Heavy Equipment International Holdings Company Limited (HKG:631) Create Value For Shareholders?

To keep the lesson grounded in practicality, we'll use ROE to better understand Sany Heavy Equipment International Holdings Company Limited (HKG:631). … Sany Heavy Equipment International Holdings has a ROE of 8.8%, based on the last twelve months. … Check out our latest analysis for Sany Heavy Equipment International Holdings?

Simply Wall St -

Is Sany Heavy Equipment International Holdings Company Limited (HKG:631) A Volatile Stock?

If you're interested in Sany Heavy Equipment International Holdings Company Limited (HKG:631), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.

Simply Wall St -

Should You Investigate Sany Heavy Equipment International Holdings Company Limited (HKG:631) At HK$2.26?

Sany Heavy Equipment International Holdings Company Limited (HKG:631), which is in the machinery business, and is based in China,. … A question to answer is whether Sany Heavy Equipment International Holdings's current trading price of HK$2.26 reflective of the actual value of the? … Let’s take a look at Sany Heavy Equipment International Holdings’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

How Should You Think About Sany Heavy Equipment International Holdings Company Limited's (HKG:631) Risks?

If you are looking to invest in Sany Heavy Equipment International Holdings Company Limited’s (HKG:631), 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. … Generally, an investor should consider two types of risk that impact the market value of 631. … A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one.

Simply Wall St -

Have Investors Priced In Sany Heavy Equipment International Holdings Company Limited's (HKG:631) Growth?

Sany Heavy Equipment International Holdings Company Limited (HKG:631), a machinery company based in China,. … As a small cap stock, hardly covered by any analysts, 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 Sany Heavy Equipment International Holdings’s valuation and outlook in more detail to determine if there’s still a bargain opportunity

Simply Wall St -

How Financially Strong Is Sany Heavy Equipment International Holdings Company Limited (HKG:631)?

Sany Heavy Equipment International Holdings Company Limited (HKG:631) is a small-cap stock with a market capitalization of HK$8.70b. … 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. … So, understanding the company's financial health becomes

Simply Wall St -

Should You Be Tempted To Sell Sany Heavy Equipment International Holdings Company Limited (HGK:631) At Its Current PE Ratio?

and want to begin learning the link between Sany Heavy Equipment International Holdings Company Limited (HGK:631)’s fundamentals and stock market performance. … Sany Heavy Equipment International Holdings Company Limited (HGK:631) is currently trading at a trailing P/E of 21.8x, which is higher than the industry average of 15.4x. … Check out our latest analysis for Sany Heavy Equipment International Holdings

Simply Wall St -

March Top Growth Stocks

Sany Heavy Equipment International Holdings Company Limited (SEHK:631) Sany Heavy Equipment International Holdings Company Limited, an investment holding company, researches, develops, manufactures, and sells integrated excavation machinery, integrated coal mining equipment, and coal mine transportation equipment in Mainland China. … SEHK:631 Future Profit Mar 30th 18 C.BANNER INTERNATIONAL Holdings Limited (SEHK:1028) C.banner International Holdings Limited, an investment holding company, manufactures, sells, and retails women’s formal and casual footwear primarily in the People’s Republic of China, the United Kingdom, the United States, and internationally. … Limited, an investment holding company, provides healthcare services in the People’s Republic of China.

Simply Wall St -

At $2.38, Is Sany Heavy Equipment International Holdings Company Limited (HKG:631) A Buy?

The stock’s ratio of 0.95x is currently trading slightly below its industry peers’ ratio of 1.09x, which means if you buy Sany Heavy Equipment International Holdings today, you’d be paying a relatively reasonable price for it. … And if you believe Sany Heavy Equipment International Holdings should be trading in this range, then there isn’t much room for the share price grow beyond what it’s currently trading. … Sany Heavy Equipment International Holdings’s optimistic future growth appears to have been factored into the current share price, with shares trading around its fair value.

Simply Wall St -

Company Info

Description

Sany Heavy Equipment International Holdings Company Limited, an investment holding company, researches, develops, manufactures, and sells integrated excavation machinery, integrated coal mining equipment, and coal mine transportation equipment in Mainland China. The company operates through two segments, Coal Mining Equipment and Port Machinery. Its products include roadheaders, including soft rocks and hard rock roadheaders, as well as integrated excavation, bolting, and self-protection machines; combined coal mining units, such as hydraulic support system, coal mining machines, scraper conveyors, etc.; and mining transport equipment comprising mechanical drive off-highway dump trucks, electric drive off-highway dump trucks, articulated trucks, and underground coal mining vehicles. The company’s products also include tunnel and excavation series excavation equipment; port machinery products, such as reach stackers, empty container handlers, quayside gantry cranes, ship to shore cranes, and yard cranes; and offshore heavy machineries, as well as spare parts. In addition, it offers maintenance and property development services. The company also exports its products to Ukraine, Russia, Australia, the Philippines, Indonesia, and Laos. The company was founded in 2004 and is headquartered in Shenyang, the People’s Republic of China. Sany Heavy Equipment International Holdings Company Limited is a subsidiary of Sany Hongkong Group Limited.

Details
Name: Sany Heavy Equipment International Holdings Company Limited
631
Exchange: SEHK
Founded: 2004
HK$10,065,792,750
3,041,025,000
Website: http://www.sanyhe.com
Address: Sany Heavy Equipment International Holdings Company Limited
No. 25, 16 Kaifa Road,
Economic and Technological Development Area,
Shenyang,
Liaoning Province, 110027,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 631 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 25. Nov 2009
OTCPK SNYY.F Ordinary Shares Pink Sheets LLC US USD 25. Nov 2009
DB YXS Ordinary Shares Deutsche Boerse AG DE EUR 25. Nov 2009
SHSC 631 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 25. Nov 2009
SZSC 631 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 25. Nov 2009
Number of employees
Current staff
Staff numbers
0
Sany Heavy Equipment International Holdings employees.
Industry
Construction Machinery and Heavy Trucks
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/20 12:53
End of day share price update: 2019/03/20 00:00
Last estimates confirmation: 2019/02/28
Last earnings filing: 2018/10/25
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.