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Pizu Group Holdings

SEHK:8053
Snowflake Description

Flawless balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
8053
SEHK
HK$2B
Market Cap
  1. Home
  2. HK
  3. Capital Goods
Company description

Pizu Group Holdings Limited, an investment holding company, trades in non-ferrous metals and bulk minerals in the People's Republic of China. The last earnings update was 28 days ago. More info.


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8053 Share Price and Events
7 Day Returns
3.5%
SEHK:8053
-0.1%
HK Trade Distributors
-0.2%
HK Market
1 Year Returns
-12%
SEHK:8053
0.9%
HK Trade Distributors
-4.5%
HK Market
8053 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Pizu Group Holdings (8053) 3.5% 0% 1.1% -12% 136.6% 137.8%
HK Trade Distributors -0.1% 1.8% -7.8% 0.9% -24.7% -53%
HK Market -0.2% 2.7% -8.3% -4.5% 16.5% 1%
1 Year Return vs Industry and Market
  • 8053 underperformed the Trade Distributors industry which returned 0.9% over the past year.
  • 8053 underperformed the Market in Hong Kong which returned -4.5% over the past year.
Price Volatility
8053
Industry
5yr Volatility vs Market

Value

 Is Pizu Group 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 Pizu Group 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 Pizu Group Holdings.

SEHK:8053 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 8.5%
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:8053
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 0.91
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.908 (1 + (1- 25%) (9.87%))
0.983
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.98
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (0.983 * 6.65%)
8.54%

Discounted Cash Flow Calculation for SEHK:8053 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Pizu Group 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:8053 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 8.54%)
2020 46.62 Est @ 41.11% 42.95
2021 60.32 Est @ 29.38% 51.20
2022 73.09 Est @ 21.16% 57.15
2023 84.35 Est @ 15.42% 60.77
2024 93.96 Est @ 11.39% 62.37
2025 102.02 Est @ 8.58% 62.39
2026 108.76 Est @ 6.6% 61.28
2027 114.44 Est @ 5.22% 59.40
2028 119.31 Est @ 4.26% 57.06
2029 123.58 Est @ 3.58% 54.45
Present value of next 10 years cash flows CN¥569.03
SEHK:8053 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥123.58 × (1 + 2%) ÷ (8.54% – 2%)
CN¥1,928.02
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥1,928.02 ÷ (1 + 8.54%)10
CN¥849.50
SEHK:8053 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥569.03 + CN¥849.50
CN¥1,418.53
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥1,418.53 / 3,558.73
CN¥0.4
SEHK:8053 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:8053)
1.136
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥0.4 x 1.136
HK$0.45
Value per share (HKD) From above. HK$0.45
Current discount Discount to share price of HK$0.44
= -1 x (HK$0.44 - HK$0.45) / HK$0.45
2.8%

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

Current Discount
Amount off the current price Pizu Group Holdings is available for.
Intrinsic value
3%
Share price is HK$0.44 vs Future cash flow value of HK$0.45284
Current Discount Checks
For Pizu Group Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Pizu Group Holdings's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Pizu Group Holdings's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Pizu Group Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Pizu Group Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:8053 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in CNY CN¥0.05
SEHK:8053 Share Price ** SEHK (2019-07-19) in HKD HK$0.44
SEHK:8053 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.88 CN¥0.39
Hong Kong Trade Distributors Industry PE Ratio Median Figure of 30 Publicly-Listed Trade Distributors Companies 10.75x
Hong Kong Market PE Ratio Median Figure of 1,510 Publicly-Listed Companies 10.72x

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

** Primary Listing of Pizu Group Holdings.

SEHK:8053 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:8053 Share Price ÷ EPS (both in CNY)

= 0.39 ÷ 0.05

7.44x

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

  • Pizu Group Holdings is good value based on earnings compared to the HK Trade Distributors industry average.
  • Pizu Group Holdings is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Pizu Group Holdings's expected growth come at a high price?
Raw Data
SEHK:8053 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.44x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-7%per year
Global Trade Distributors Industry PEG Ratio Median Figure of 80 Publicly-Listed Trade Distributors Companies 1.16x
Hong Kong Market PEG Ratio Median Figure of 479 Publicly-Listed Companies 0.79x

*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 Pizu Group Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Pizu Group Holdings's assets?
Raw Data
SEHK:8053 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in CNY CN¥0.13
SEHK:8053 Share Price * SEHK (2019-07-19) in HKD HK$0.44
SEHK:8053 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.88 CN¥0.39
Hong Kong Trade Distributors Industry PB Ratio Median Figure of 59 Publicly-Listed Trade Distributors Companies 0.77x
Hong Kong Market PB Ratio Median Figure of 2,197 Publicly-Listed Companies 0.92x
SEHK:8053 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:8053 Share Price ÷ Book Value per Share (both in CNY)

= 0.39 ÷ 0.13

2.93x

* Primary Listing of Pizu Group Holdings.

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

  • Pizu Group Holdings is overvalued based on assets compared to the HK Trade Distributors industry average.
X
Value checks
We assess Pizu Group 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 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. Pizu Group Holdings has a total score of 2/6, 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 Pizu Group Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Pizu Group Holdings, 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
-7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Pizu Group Holdings expected to grow at an attractive rate?
  • Pizu Group Holdings's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2%.
Growth vs Market Checks
  • Pizu Group Holdings's earnings are expected to decrease over the next 1-3 years, this is below the Hong Kong market average.
  • Unable to compare Pizu Group Holdings's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:8053 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:8053 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -7%
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 12.1%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.4%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

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

Analysts growth expectations
Raw Data
SEHK:8053 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 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:8053 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-03-31 1,557 122 185
2018-12-31 1,394 172
2018-09-30 1,172 88 149
2018-06-30 1,153 140
2018-03-31 1,125 83 156
2017-12-31 1,029 135
2017-09-30 1,089 39 108
2017-06-30 1,279 89
2017-03-31 3,031 48 49
2016-12-31 2,912 31
2016-09-30 6,012 78 14
2016-06-30 6,947 1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Pizu Group Holdings's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Pizu Group Holdings 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:8053 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Pizu Group Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:8053 Past Financials Data
Date (Data in CNY Millions) EPS *
2019-03-31 0.05
2018-12-31 0.05
2018-09-30 0.04
2018-06-30 0.04
2018-03-31 0.04
2017-12-31 0.04
2017-09-30 0.03
2017-06-30 0.03
2017-03-31 0.02
2016-12-31 0.01
2016-09-30 0.00
2016-06-30 0.00

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Pizu Group Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Pizu Group 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 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.
Pizu Group Holdings 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 Pizu Group 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 Pizu Group Holdings'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.
  • Pizu Group Holdings has delivered over 20% year on year earnings growth in the past 5 years.
  • Pizu Group Holdings's 1-year earnings growth is less than its 5-year average (18.9% vs 57.7%)
  • Pizu Group Holdings's earnings growth has exceeded the HK Trade Distributors industry average in the past year (18.9% vs 7.8%).
Earnings and Revenue History
Pizu Group 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 Pizu Group Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:8053 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 1,556.60 185.29 117.88
2018-12-31 1,394.12 172.20 105.71
2018-09-30 1,171.83 148.72 96.68
2018-06-30 1,152.91 139.59 96.18
2018-03-31 1,124.58 155.88 100.21
2017-12-31 1,028.93 135.15 76.80
2017-09-30 1,089.14 108.44 85.41
2017-06-30 1,279.22 89.21 82.81
2017-03-31 3,030.70 49.19 77.51
2016-12-31 2,911.92 30.85 82.59
2016-09-30 6,011.50 13.60 72.58
2016-06-30 6,946.85 1.40 78.24
2016-03-31 5,158.97 -6.17 81.92
2015-12-31 5,109.53 -18.68 88.71
2015-09-30 2,766.08 7.55 80.78
2015-06-30 1,464.68 14.97 75.99
2015-03-31 1,539.22 25.71 71.60
2014-12-31 1,552.41 35.69 50.98
2014-09-30 827.15 24.15 35.55
2014-06-30 857.42 12.11 20.13
2014-03-31 596.74 -2.32 5.77
2013-12-31 493.55 -23.14 10.36
2013-09-30 175.44 -27.29 13.14
2013-06-30 45.16 -25.04 13.51
2013-03-31 32.38 -23.42 14.34
2012-12-31 40.35 -23.97 20.48
2012-09-30 57.39 -28.58 25.34

*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.
  • Pizu Group Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Pizu Group Holdings used its assets more efficiently than the HK Trade Distributors industry average last year based on Return on Assets.
  • Pizu Group Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Pizu Group 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 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.
Pizu Group Holdings has a total score of 4/6, 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 Pizu Group 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 Pizu Group Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Pizu Group Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Pizu Group Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Pizu Group 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 7.8x 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 Pizu Group Holdings Company Filings, last reported 3 months ago.

SEHK:8053 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 867.53 136.10 210.31
2018-12-31 702.58 218.64 133.03
2018-09-30 702.58 218.64 133.03
2018-06-30 602.73 203.92 310.05
2018-03-31 602.73 203.92 310.05
2017-12-31
2017-09-30 463.41 214.49 132.54
2017-06-30 328.69 188.50 127.81
2017-03-31 328.69 188.50 127.81
2016-12-31
2016-09-30 186.35 109.74 27.78
2016-06-30 141.49 85.58 46.02
2016-03-31 141.49 85.58 46.02
2015-12-31
2015-09-30 -174.02 389.18 41.62
2015-06-30 126.10 51.38 64.40
2015-03-31 126.10 51.38 64.40
2014-12-31
2014-09-30 12.84 0.00 7.09
2014-06-30 8.21 84.32 15.18
2014-03-31 8.21 84.32 15.18
2013-12-31
2013-09-30 17.92 17.96 21.08
2013-06-30 8.24 30.42 17.33
2013-03-31 8.24 30.42 17.33
2012-12-31
2012-09-30 20.35 42.68 13.72
  • Pizu Group Holdings's level of debt (15.7%) 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 (1027.3% vs 15.7% today).
  • Debt is well covered by operating cash flow (89.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 1362x coverage).
X
Financial health checks
We assess Pizu Group 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. Pizu Group 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 Pizu Group 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
4.54%
Current annual income from Pizu Group Holdings dividends.
If you bought HK$2,000 of Pizu Group Holdings shares you are expected to receive HK$91 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?
  • Pizu Group Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.09%).
  • Pizu Group Holdings's dividend is below the markets top 25% of dividend payers in Hong Kong (5.74%).
Upcoming dividend payment

Purchase Pizu Group Holdings before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:8053 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Hong Kong Trade Distributors Industry Average Dividend Yield Market Cap Weighted Average of 12 Stocks 4.8%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 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:8053 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-07-11 0.018 4.581
2019-01-31 0.009 2.269
2018-11-12 0.009 2.266
2018-09-07 0.009 2.308
2018-02-13 0.005 1.165
2017-11-13 0.005 1.170

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

  • Whilst dividend payments have been stable, Pizu Group Holdings has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Pizu Group Holdings only paid a dividend in the past 2 years.
Current Payout to shareholders
What portion of Pizu Group Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.1x 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 Pizu Group Holdings'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 Pizu Group Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Pizu Group Holdings 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 Pizu Group 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
Fali Liu
COMPENSATION CN¥644,000
AGE 44
TENURE AS CEO 0.5 years
CEO Bio

Mr. Fali Liu has been Chief Executive Officer of Pizu Group Holdings Limited since January 09, 2019 and has been its Executive Director since October 20, 2015. Mr. Liu was Chief Operating Officer of Pizu Group Holdings Limited since March 1, 2017 until January 09, 2019. Mr. Liu has more than 17 years of experience in the civil explosives industry. From October 1997 to March 2000, he worked in Inner Mongolia Dong Sheng Miao Chemical Factory. From March 2000 to April 2006, he was the Manager of sales and procurement department of Dong Sheng Miao Yitai Chemical Co., Ltd., in which he was responsible for the sales of civil explosives and procurement for production of civil explosives. From April 2006 to January 2008, he served as General Manager of Dongyitai Chemical. Since January 2008, he worked in Shengan Chemical (Inner Mongolia) in which he was responsible for management, business operation and safety operation. Mr. Liu was an Assistant to General Manager and Office Supervisor of Beijing Shengshi Huaxuan Investment Co., Ltd. from February 2012 to July 2013. He serves as a Director of Inner Mongolia Shengan Chemical Limited. Mr. Liu graduated from Inner Mongolia Foodstuff School.

CEO Compensation
  • Fali's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.
  • Fali's remuneration is lower than average for companies of similar size in Hong Kong.
Management Team Tenure

Average tenure and age of the Pizu Group Holdings management team in years:

0.5
Average Tenure
46
Average Age
  • The average tenure for the Pizu Group Holdings management team is less than 2 years, this suggests a new team.
Management Team

Fali Liu

TITLE
CEO & Executive Director
COMPENSATION
CN¥644K
AGE
44
TENURE
0.5 yrs

Gangling Ma

TITLE
COO & Executive Director
COMPENSATION
CN¥52K
AGE
55
TENURE
0.5 yrs

Chunhong Qin

TITLE
Compliance Officer & Executive Director
COMPENSATION
CN¥206K
AGE
46
TENURE
6.6 yrs

Ye Ma

TITLE
Executive Director
COMPENSATION
CN¥52K
AGE
44
TENURE
0.5 yrs

Tianwei Shen

TITLE
CFO & Company Secretary
AGE
46

Zhang Xuefeng

TITLE
Chief Representative of Beijing Representative Office
AGE
57

Zhihe Yan

TITLE
Chief Engineer of Shengan Chemical - Inner Mongolia
AGE
52
Board of Directors Tenure

Average tenure and age of the Pizu Group Holdings board of directors in years:

2.3
Average Tenure
44
Average Age
  • The average tenure for the Pizu Group Holdings board of directors is less than 3 years, this suggests a new board.
Board of Directors

Zeke Xiong

TITLE
Chairman of the Board
COMPENSATION
CN¥2M
AGE
44
TENURE
0.5 yrs

Fali Liu

TITLE
CEO & Executive Director
COMPENSATION
CN¥644K
AGE
44
TENURE
3.8 yrs

Tianyi Ma

TITLE
Vice Chairman of the Board
COMPENSATION
CN¥960K
AGE
24
TENURE
0.5 yrs

Gangling Ma

TITLE
COO & Executive Director
COMPENSATION
CN¥52K
AGE
55
TENURE
0.5 yrs

Chunhong Qin

TITLE
Compliance Officer & Executive Director
COMPENSATION
CN¥206K
AGE
46
TENURE
6.6 yrs

Ye Ma

TITLE
Executive Director
COMPENSATION
CN¥52K
AGE
44
TENURE
0.5 yrs

Yong Zhang

TITLE
Chairman of Shengan Chemical - Inner Mongolia
AGE
43
TENURE
2.4 yrs

Lin Zhang

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥103K
AGE
46
TENURE
6.6 yrs

Talin Liu

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥103K
AGE
51
TENURE
6.6 yrs

Yunzhu Yao

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥103K
AGE
42
TENURE
2.1 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Pizu Group Holdings individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
24. May 19 Buy Tao Yang Individual 23. May 19 23. May 19 60,000 HK$0.44 HK$26,100
24. May 19 Buy Tao Yang Individual 22. May 19 22. May 19 40,000 HK$0.43 HK$17,100
09. Apr 19 Buy Zeke Xiong Individual 09. Apr 19 09. Apr 19 100,000 HK$0.46 HK$45,500
09. Apr 19 Buy Zeke Xiong Individual 08. Apr 19 08. Apr 19 100,000 HK$0.45 HK$45,000
08. Mar 19 Buy Zeke Xiong Individual 08. Mar 19 08. Mar 19 200,000 HK$0.46 HK$91,300
26. Feb 19 Buy Zeke Xiong Individual 26. Feb 19 26. Feb 19 100,000 HK$0.45 HK$45,100
25. Feb 19 Buy Zeke Xiong Individual 25. Feb 19 25. Feb 19 100,000 HK$0.44 HK$44,400
28. Jan 19 Buy Tao Yang Individual 23. Jan 19 23. Jan 19 200,000 HK$0.43 HK$86,000
09. Jan 19 Buy Tao Yang Individual 07. Jan 19 07. Jan 19 100,000 HK$0.45 HK$44,900
31. Dec 18 Buy Man Li Individual 15. Nov 18 15. Nov 18 20,000 HK$0.46 HK$9,100
14. Nov 18 Buy Tao Yang Individual 14. Nov 18 14. Nov 18 300,000 HK$0.42 HK$126,810
14. Nov 18 Buy Man Li Individual 14. Nov 18 14. Nov 18 100,000 HK$0.48 HK$47,700
16. Oct 18 Buy Tao Yang Individual 13. Sep 18 13. Sep 18 200,000 HK$0.41 HK$81,999
15. Oct 18 Buy Man Li Individual 12. Oct 18 12. Oct 18 20,000 HK$0.42 HK$8,400
12. Oct 18 Buy Man Li Individual 11. Oct 18 11. Oct 18 20,000 HK$0.42 HK$8,400
11. Oct 18 Buy Man Li Individual 10. Oct 18 10. Oct 18 20,000 HK$0.42 HK$8,400
10. Oct 18 Buy Man Li Individual 08. Oct 18 08. Oct 18 60,000 HK$0.42 HK$25,200
10. Oct 18 Buy Man Li Individual 09. Oct 18 09. Oct 18 20,000 HK$0.42 HK$8,400
03. Oct 18 Buy Zeke Xiong Individual 02. Oct 18 02. Oct 18 120,000 HK$0.42 HK$49,800
27. Sep 18 Buy Zeke Xiong Individual 27. Sep 18 27. Sep 18 40,000 HK$0.42 HK$16,800
27. Sep 18 Buy Tao Yang Individual 26. Sep 18 26. Sep 18 40,000 HK$0.40 HK$16,000
13. Sep 18 Buy Tao Yang Individual 12. Sep 18 12. Sep 18 300,000 HK$0.40 HK$119,999
12. Sep 18 Buy Wenhua Lv Individual 12. Sep 18 12. Sep 18 20,000 HK$0.40 HK$8,000
07. Sep 18 Buy Wenhua Lv Individual 06. Sep 18 06. Sep 18 80,000 HK$0.40 HK$32,000
31. Aug 18 Buy Chunhong Qin Individual 30. Aug 18 30. Aug 18 60,000 HK$0.38 HK$22,800
31. Aug 18 Buy Chunhong Qin Individual 29. Aug 18 29. Aug 18 100,000 HK$0.38 HK$38,000
27. Aug 18 Buy Zeke Xiong Individual 27. Aug 18 27. Aug 18 20,000 HK$0.46 HK$9,200
X
Management checks
We assess Pizu Group 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. Pizu Group 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

Pizu Group Holdings Limited (HKG:8053): The Best Of Both Worlds

If you're interested in understanding beyond my broad commentary, take a look at the report on Pizu Group Holdings here. … SEHK:8053 Income Statement, July 2nd 2019 Next Steps: For Pizu Group Holdings, I've put together three fundamental factors you should look at: Future Outlook: What are well-informed industry analysts predicting for 8053’s future growth? … Take a look at our free research report of analyst consensus for 8053’s outlook.

Simply Wall St -

Do You Know What Pizu Group Holdings Limited's (HKG:8053) P/E Ratio Means?

We'll look at Pizu Group Holdings Limited's (HKG:8053) P/E ratio and reflect on what it tells us about the company's share price. … The formula for P/E is: Price to Earnings Ratio = Price per Share (in the reporting currency) ÷ Earnings per Share (EPS) Or for Pizu Group Holdings: P/E of 7.68 = CN¥0.37 (Note: this is the share price in the reporting currency, namely, CNY ) ÷ CN¥0.048 (Based on the year to December 2018.) Is A High Price-to-Earnings Ratio Good? … The Verdict On Pizu Group Holdings's P/E Ratio Pizu Group Holdings trades on a P/E ratio of 7.7, which is below the HK market average of 10.7.

Simply Wall St -

Did Business Growth Power Pizu Group Holdings's (HKG:8053) Share Price Gain of 182%?

For example, the Pizu Group Holdings Limited (HKG:8053) share price has soared 182% in the last half decade. … View our latest analysis for Pizu Group Holdings While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. … You can find out about the insider purchases of Pizu Group Holdings by clicking this link.

Simply Wall St -

Need To Know: Pizu Group Holdings Limited (HKG:8053) Insiders Have Been Buying Shares

So shareholders might well want to know whether insiders have been buying or selling shares in Pizu Group Holdings Limited (HKG:8053). … As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.' Check out our latest analysis for Pizu Group Holdings The Last 12 Months Of Insider Transactions At Pizu Group Holdings There wasn't any very large single transaction over the last year, but we can still observe some trading. … SEHK:8053 Recent Insider Trading, May 15th 2019 Pizu Group Holdings is not the only stock that insiders are buying.

Simply Wall St -

Do Pizu Group Holdings's (HKG:8053) Earnings Warrant Your Attention?

How Fast Is Pizu Group Holdings Growing Its Earnings Per Share. … Over the last three years, Pizu Group Holdings has grown earnings per share (EPS) like bamboo after rain; fast, and from a low base. … On the one hand, Pizu Group Holdings's EBIT margins fell over the last year, but on the other hand, revenue grew.

Simply Wall St -

Here's What Pizu Group Holdings Limited's (HKG:8053) ROCE Can Tell Us

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Return On Capital Employed (ROCE): What is it? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

A Closer Look At Pizu Group Holdings Limited's (HKG:8053) Impressive ROE

Pizu Group Holdings has a ROE of 41%, based on the last twelve months. … That means that for every HK$1 worth of shareholders' equity, it generated HK$0.41 in profit. … Check out our latest analysis for Pizu Group Holdings?

Simply Wall St -

Is Pizu Group Holdings's 137% Share Price Increase Well Justified?

For example, the Pizu Group Holdings Limited (HKG:8053) share price has soared 137% in the last half decade. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … During the five years of share price growth, Pizu Group Holdings moved from a loss to profitability.

Simply Wall St -

Does Pizu Group Holdings Limited (HKG:8053) Have A Good P/E Ratio?

We'll show how you can use Pizu Group Holdings Limited's (HKG:8053) P/E ratio to inform your assessment of the investment opportunity. … Price to Earnings Ratio = Share Price (in reporting currency) ÷ Earnings per Share (EPS) … P/E of 7.66 = CN¥0.37 (Note: this is the share price in the reporting currency, namely, CNY ) ÷ CN¥0.048

Simply Wall St -

Have Insiders Been Buying Pizu Group Holdings Limited (HKG:8053) Shares This Year?

So we'll take a look at whether insiders have been buying or selling shares in Pizu Group Holdings Limited (HKG:8053). … The Last 12 Months Of Insider Transactions At Pizu Group Holdings … While there weren't any large insider transactions in the last twelve months, it's still worth looking at the trading.

Simply Wall St -

Company Info

Description

Pizu Group Holdings Limited, an investment holding company, trades in non-ferrous metals and bulk minerals in the People's Republic of China. The company operates in Bulk Mineral Trade, and Explosives Trading and Blasting Services segments. It also manufactures and sells civil explosives; and offers blasting operation and related services. The company was formerly known as China Electric Power Technology Holdings Limited and changed its name to Pizu Group Holdings Limited in May 2012. Pizu Group Holdings Limited is headquartered in Central, Hong Kong.

Details
Name: Pizu Group Holdings Limited
8053
Exchange: SEHK
Founded:
HK$1,565,839,000
3,558,725,000
Website: http://www.pizugroup.com
Address: Pizu Group Holdings Limited
Two Chinachem Plaza,
Flat A,
Central,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 8053 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 06. Aug 2004
Number of employees
Current staff
Staff numbers
2,189
Pizu Group Holdings employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/19 12:33
End of day share price update: 2019/07/19 00:00
Last earnings filing: 2019/06/21
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


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.