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Shougang Concord International Enterprises

SEHK:697
Snowflake Description

Flawless balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
697
SEHK
HK$8B
Market Cap
  1. Home
  2. HK
  3. Capital Goods
Company description

Shougang Concord International Enterprises Company Limited, an investment holding company, engages in the trading of iron ore in the People's Republic of China. The last earnings update was 92 days ago. More info.


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697 Share Price and Events
7 Day Returns
1.8%
SEHK:697
1.6%
HK Trade Distributors
1%
HK Market
1 Year Returns
48.1%
SEHK:697
1.1%
HK Trade Distributors
-4.7%
HK Market
697 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Shougang Concord International Enterprises (697) 1.8% 3.7% -11.1% 48.1% 18.6% -23.3%
HK Trade Distributors 1.6% 2.6% -7.3% 1.1% -24.1% -52.9%
HK Market 1% 3.9% -7.8% -4.7% 17.5% 2%
1 Year Return vs Industry and Market
  • 697 outperformed the Trade Distributors industry which returned 1.1% over the past year.
  • 697 outperformed the Market in Hong Kong which returned -4.7% over the past year.
Price Volatility
697
Industry
5yr Volatility vs Market

Value

 Is Shougang Concord International Enterprises 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 Shougang Concord International Enterprises 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 Shougang Concord International Enterprises.

SEHK:697 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 8.3%
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:697
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6.7%
Trade Distributors Unlevered Beta Simply Wall St/ S&P Global 0.92
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.917 (1 + (1- 25%) (1.32%))
0.951
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.95
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (0.951 * 6.65%)
8.32%

Discounted Cash Flow Calculation for SEHK:697 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Shougang Concord International Enterprises 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:697 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 8.32%)
2020 70.81 Est @ 0.96% 65.37
2021 71.71 Est @ 1.27% 61.12
2022 72.78 Est @ 1.49% 57.26
2023 73.98 Est @ 1.64% 53.73
2024 75.28 Est @ 1.75% 50.47
2025 76.65 Est @ 1.83% 47.44
2026 78.09 Est @ 1.88% 44.62
2027 79.59 Est @ 1.92% 41.98
2028 81.14 Est @ 1.94% 39.51
2029 82.73 Est @ 1.96% 37.19
Present value of next 10 years cash flows HK$498.69
SEHK:697 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= HK$82.73 × (1 + 2%) ÷ (8.32% – 2%)
HK$1,334.93
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$1,334.93 ÷ (1 + 8.32%)10
HK$600.07
SEHK:697 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$498.69 + HK$600.07
HK$1,098.76
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$1,098.76 / 27,428.93
HK$0.04
SEHK:697 Discount to Share Price
Calculation Result
Value per share (HKD) From above. HK$0.04
Current discount Discount to share price of HK$0.28
= -1 x (HK$0.28 - HK$0.04) / HK$0.04
-599%

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

  • The current share price of Shougang Concord International Enterprises 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 Shougang Concord International Enterprises's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Shougang Concord International Enterprises's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:697 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in HKD HK$0.02
SEHK:697 Share Price ** SEHK (2019-07-18) in HKD HK$0.28
Hong Kong Trade Distributors Industry PE Ratio Median Figure of 30 Publicly-Listed Trade Distributors Companies 10.42x
Hong Kong Market PE Ratio Median Figure of 1,510 Publicly-Listed Companies 10.82x

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

** Primary Listing of Shougang Concord International Enterprises.

SEHK:697 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:697 Share Price ÷ EPS (both in HKD)

= 0.28 ÷ 0.02

15.96x

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

  • Shougang Concord International Enterprises is overvalued based on earnings compared to the HK Trade Distributors industry average.
  • Shougang Concord International Enterprises is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Shougang Concord International Enterprises's expected growth come at a high price?
Raw Data
SEHK:697 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.96x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
18.2%per year
Global Trade Distributors Industry PEG Ratio Median Figure of 80 Publicly-Listed Trade Distributors Companies 1.17x
Hong Kong Market PEG Ratio Median Figure of 479 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 Shougang Concord International Enterprises, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Shougang Concord International Enterprises's assets?
Raw Data
SEHK:697 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in HKD HK$0.37
SEHK:697 Share Price * SEHK (2019-07-18) in HKD HK$0.28
Hong Kong Trade Distributors Industry PB Ratio Median Figure of 59 Publicly-Listed Trade Distributors Companies 0.79x
Hong Kong Market PB Ratio Median Figure of 2,197 Publicly-Listed Companies 0.92x
SEHK:697 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:697 Share Price ÷ Book Value per Share (both in HKD)

= 0.28 ÷ 0.37

0.75x

* Primary Listing of Shougang Concord International Enterprises.

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

  • Shougang Concord International Enterprises is good value based on assets compared to the HK Trade Distributors industry average.
X
Value checks
We assess Shougang Concord International Enterprises's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Trade Distributors industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Trade Distributors industry average (and greater than 0)? (1 check)
  5. Shougang Concord International Enterprises 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 Shougang Concord International Enterprises expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
18.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Shougang Concord International Enterprises expected to grow at an attractive rate?
  • Shougang Concord International Enterprises's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • Shougang Concord International Enterprises's earnings growth is expected to exceed the Hong Kong market average.
  • Unable to compare Shougang Concord International Enterprises's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:697 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:697 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 18.2%
Hong Kong Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 9.7%
Asia Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 12%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average -5.2%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 13.5%

*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:697 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:697 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-12-31 1,676 120 353
2018-09-30 2,502 131 244
2018-06-30 3,329 142 134
2018-03-31 3,572 -72 96
2017-12-31 3,816 -285 57
2017-06-30 1,864 -434 51
2017-03-31 1,450 -168 -213
2016-12-31 1,036 99 -476
2016-06-30 -3,318 220 -597
2016-03-31 -1,451 -38 -1,021

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Shougang Concord International Enterprises's earnings are expected to grow by 18.2% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Shougang Concord International Enterprises 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:697 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 Shougang Concord International Enterprises Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:697 Past Financials Data
Date (Data in HKD Millions) EPS *
2018-12-31 0.02
2018-09-30 0.01
2018-06-30 0.01
2018-03-31 0.01
2017-12-31 0.01
2017-06-30 0.01
2017-03-31 -0.02
2016-12-31 -0.05
2016-06-30 -0.07
2016-03-31 -0.11

*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 Shougang Concord International Enterprises will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Shougang Concord International Enterprises's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Shougang Concord International Enterprises has a total score of 2/6, see the detailed checks below.

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

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

Past Performance

  How has Shougang Concord International Enterprises 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 Shougang Concord International Enterprises's growth in the last year to its industry (Trade Distributors).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Shougang Concord International Enterprises has delivered over 20% year on year earnings growth in the past 5 years.
  • Shougang Concord International Enterprises's 1-year earnings growth exceeds its 5-year average (516.4% vs 49.3%)
  • Shougang Concord International Enterprises's earnings growth has exceeded the HK Trade Distributors industry average in the past year (516.4% vs 7.8%).
Earnings and Revenue History
Shougang Concord International Enterprises'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 Shougang Concord International Enterprises Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:697 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,676.30 353.10 163.25
2018-09-30 2,502.45 243.52 136.55
2018-06-30 3,328.61 133.95 84.63
2018-03-31 3,572.38 95.62 61.70
2017-12-31 3,816.15 57.29 63.99
2017-06-30 1,863.51 51.09 58.73
2017-03-31 1,449.56 -212.56 58.85
2016-12-31 1,035.61 -476.22 58.96
2016-06-30 -3,318.16 -597.37 -247.04
2016-03-31 -1,451.02 -1,021.44 -104.98
2015-12-31 416.12 -1,445.50 37.07
2015-09-30 8,743.85 -2,678.99 623.90
2015-06-30 10,215.01 -2,008.67 592.89
2015-03-31 11,485.60 -1,824.69 596.43
2014-12-31 12,756.19 -1,640.71 599.97
2014-09-30 13,633.40 -1,586.74 559.27
2014-06-30 14,510.62 -1,532.77 518.56
2014-03-31 14,888.49 -1,464.14 538.03
2013-12-31 15,266.36 -1,395.50 557.49
2013-09-30 15,260.57 -1,721.90 596.79
2013-06-30 15,254.77 -2,048.30 636.08
2013-03-31 15,735.36 -1,982.97 622.63
2012-12-31 16,215.94 -1,917.63 609.18

*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.
  • Shougang Concord International Enterprises has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Shougang Concord International Enterprises used its assets less efficiently than the HK Trade Distributors industry average last year based on Return on Assets.
  • Shougang Concord International Enterprises's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Shougang Concord International Enterprises's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Trade Distributors industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Shougang Concord International Enterprises 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 Shougang Concord International Enterprises'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 Shougang Concord International Enterprises's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Shougang Concord International Enterprises is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Shougang Concord International Enterprises's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Shougang Concord International Enterprises'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 32.6x 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 Shougang Concord International Enterprises Company Filings, last reported 6 months ago.

SEHK:697 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 8,995.46 103.14 3,179.34
2018-09-30 8,995.46 103.14 3,179.34
2018-06-30 7,423.71 71.13 1,632.62
2018-03-31 7,423.71 71.13 1,632.62
2017-12-31 7,243.65 0.00 1,604.30
2017-06-30 4,959.64 587.99 241.47
2017-03-31 4,959.64 587.99 241.47
2016-12-31 4,705.21 616.78 537.49
2016-06-30 -768.81 7,769.11 489.10
2016-03-31 -768.81 7,769.11 489.10
2015-12-31 219.94 8,236.60 519.47
2015-09-30 219.94 8,502.11 519.47
2015-06-30 2,802.74 9,063.69 894.09
2015-03-31 2,802.74 9,063.69 894.09
2014-12-31 4,243.40 9,269.34 872.25
2014-09-30 4,243.40 9,269.34 872.25
2014-06-30 5,358.38 10,127.55 625.86
2014-03-31 5,358.38 10,127.55 625.86
2013-12-31 6,619.15 11,107.49 1,266.26
2013-09-30 6,619.15 11,107.49 1,266.26
2013-06-30 7,254.60 11,551.20 1,275.01
2013-03-31 7,254.60 11,551.20 1,275.01
2012-12-31 8,462.80 12,012.12 1,563.35
  • Shougang Concord International Enterprises's level of debt (1.1%) 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 (168% vs 1.1% today).
  • Debt is well covered by operating cash flow (116.4%, greater than 20% of total debt).
  • Shougang Concord International Enterprises earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Shougang Concord International Enterprises'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. Shougang Concord International Enterprises 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 Shougang Concord International Enterprises'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
9.11%
Current annual income from Shougang Concord International Enterprises dividends.
If you bought HK$2,000 of Shougang Concord International Enterprises shares you are expected to receive HK$182 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?
  • Shougang Concord International Enterprises's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.08%).
  • Shougang Concord International Enterprises's dividend is above the markets top 25% of dividend payers in Hong Kong (5.72%).
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:697 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Hong Kong Trade Distributors Industry Average Dividend Yield Market Cap Weighted Average of 12 Stocks 4.7%
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:697 Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2019-04-17 0.026 8.802
2019-03-26 0.026 8.209
2012-09-12 0.000 0.000
2012-08-28 0.000 0.000
2012-04-12 0.000 0.000
2012-03-22 0.000 0.000
2011-03-29 0.010 1.676
2010-09-06 0.000 0.000
2010-08-26 0.000 0.000
2010-04-28 0.000 0.000
2010-04-15 0.000 0.000
2009-09-16 0.000 0.000
2009-04-09 0.050 3.838
2008-09-10 0.040 5.153

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Shougang Concord International Enterprises's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.7x coverage).
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 Shougang Concord International Enterprises'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 Shougang Concord International Enterprises afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Shougang Concord International Enterprises 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

 What is the CEO of Shougang Concord International Enterprises'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
Hengyi Liang
AGE 45
TENURE AS CEO 1.5 years
CEO Bio

Mr. Hengyi Liang has been Executive Director and the Managing Director of Shougang Concord International Enterprises Company Limited since January 6, 2018. Mr. Liang holds a master degree in Economics and a Doctor of Philosophy degree in management, a Senior Economist. Mr. Liang was the Managing Director of Shougang Fund, a wholly-owned subsidiary of Shougang Group. Each of Shougang Group and Shougang Fund is a substantial shareholder within the meaning of Part XV of the SFO. He also served as the General Manager of non-fare business unit of Beijing Infrastructure Investment Co., Ltd., the General Manager of Beijing Capital Investment Rail Transit Assets Management Company and the President of Beijing Urban Underground Space Development and Construction Co., Ltd.

CEO Compensation
  • Insufficient data for Hengyi to compare compensation growth.
  • Insufficient data for Hengyi 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 Shougang Concord International Enterprises management team in years:

1.5
Average Tenure
48.5
Average Age
  • The average tenure for the Shougang Concord International Enterprises management team is less than 2 years, this suggests a new team.
Management Team

Shaofeng Li

TITLE
Executive Vice Chairman of the Board
AGE
52
TENURE
1.5 yrs

Tianyang Zhao

TITLE
Executive Chairman of the Board
AGE
38
TENURE
1.5 yrs

Hengyi Liang

TITLE
MD & Executive Director
AGE
45
TENURE
1.5 yrs

Liang Xu

TITLE
Executive Director
AGE
54

Sara Leung

TITLE
Company Secretary
TENURE
1.5 yrs
Board of Directors Tenure

Average tenure and age of the Shougang Concord International Enterprises board of directors in years:

1.5
Average Tenure
47.5
Average Age
  • The average tenure for the Shougang Concord International Enterprises board of directors is less than 3 years, this suggests a new board.
Board of Directors

Tianyang Zhao

TITLE
Executive Chairman of the Board
AGE
38
TENURE
1.5 yrs

Hengyi Liang

TITLE
MD & Executive Director
AGE
45
TENURE
1.5 yrs

Liang Xu

TITLE
Executive Director
AGE
54
TENURE
1.2 yrs

Quanling Zhang

TITLE
Independent Non-Executive Director
AGE
45
TENURE
1.5 yrs

Shaofeng Li

TITLE
Executive Vice Chairman of the Board
AGE
52
TENURE
1.5 yrs

Xin Wang

TITLE
Independent Non-Executive Director
AGE
42
TENURE
1.2 yrs

Jingwei Liu

TITLE
Non-Executive Director
AGE
50
TENURE
1.5 yrs

Yinhui Li

TITLE
Non-Executive Director
AGE
51
TENURE
1.5 yrs

Gilbert Ho

TITLE
Non-Executive Director
AGE
42
TENURE
1.2 yrs

Vic Choi

TITLE
Independent Non-Executive Director
AGE
54
TENURE
1.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
19. Oct 18 Buy Jingwei Liu Individual 16. Oct 18 16. Oct 18 300,000 HK$0.17 HK$51,300
18. Oct 18 Buy Jingwei Liu Individual 15. Oct 18 15. Oct 18 880,000 HK$0.17 HK$152,856
03. Oct 18 Buy Hengyi Liang Individual 02. Oct 18 02. Oct 18 900,000 HK$0.19 HK$171,002
02. Oct 18 Buy Hengyi Liang Individual 28. Sep 18 28. Sep 18 264,000 HK$0.19 HK$50,424
30. Jul 18 Buy Hengyi Liang Individual 26. Jul 18 26. Jul 18 1,090,000 HK$0.20 HK$220,831
30. Jul 18 Buy Hengyi Liang Individual 27. Jul 18 27. Jul 18 1,126,000 HK$0.21 HK$230,831
X
Management checks
We assess Shougang Concord International Enterprises'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. Shougang Concord International Enterprises 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 Shougang Concord International Enterprises Company Limited's (HKG:697) Ownership Structure Look Like?

Today, I will be analyzing Shougang Concord International Enterprises Company Limited’s (HKG:697) recent ownership structure, an important but not-so-popular subject among individual investors. … The effect of an active institutional investor with a similar ownership as a passive pension-fund can be vastly different on a company's corporate governance and accountability to shareholders. … See our latest analysis for Shougang Concord International Enterprises

Simply Wall St -

Does Shougang Concord International Enterprises Company Limited's (HKG:697) PE Ratio Signal A Selling Opportunity?

and want to better understand how you can grow your money by investing in Shougang Concord International Enterprises Company Limited (HKG:697). … Shougang Concord International Enterprises Company Limited (HKG:697) trades with a trailing P/E of 35.3x, which is higher than the industry average of 11.9x. … While 697 might seem like a stock to avoid or sell if you own it, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions

Simply Wall St -

Company Info

Description

Shougang Concord International Enterprises Company Limited, an investment holding company, engages in the trading of iron ore in the People's Republic of China. It also provides management, private fund management, and education and training services, as well as operates and manages car parking assets. The company was formerly known as Tung Wing Steel Holdings Limited and changed its name to Shougang Concord International Enterprises Company Limited in July 1993. Shougang Concord International Enterprises Company Limited is based in Wan Chai, Hong Kong.

Details
Name: Shougang Concord International Enterprises Company Limited
697
Exchange: SEHK
Founded:
HK$7,817,246,162
27,428,933,903
Website: http://www.shougang-intl.com.hk
Address: Shougang Concord International Enterprises Company Limited
Bank of East Asia Harbour View Centre,
7th Floor,
Wan Chai,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 697 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 02. Jan 1992
DB SHV Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
413
Shougang Concord International Enterprises employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/18 12:35
End of day share price update: 2019/07/18 00:00
Last earnings filing: 2019/04/17
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.