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Shanghai Qingpu Fire-Fighting Equipment

SEHK:8115
Snowflake Description

Excellent balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
8115
SEHK
HK$101M
Market Cap
  1. Home
  2. HK
  3. Capital Goods
Company description

Shanghai Qingpu Fire-Fighting Equipment Co., Ltd., together with its subsidiaries, manufactures and sells firefighting equipment and pressure vessel products in the People’s Republic of China, the United States, the European Union, and internationally. The last earnings update was 68 days ago. More info.


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8115 Share Price and Events
7 Day Returns
0%
SEHK:8115
-1.7%
HK Electrical
0.6%
HK Market
1 Year Returns
-1.8%
SEHK:8115
-29.4%
HK Electrical
-5.9%
HK Market
8115 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Shanghai Qingpu Fire-Fighting Equipment (8115) 0% 0% -6.9% -1.8% -53.4% -31.6%
HK Electrical -1.7% -4.5% -19.1% -29.4% -34.7% -35%
HK Market 0.6% 3.7% -8.2% -5.9% 17.2% 4.8%
1 Year Return vs Industry and Market
  • 8115 outperformed the Electrical industry which returned -29.4% over the past year.
  • 8115 outperformed the Market in Hong Kong which returned -5.9% over the past year.
Price Volatility
8115
Industry
5yr Volatility vs Market

8115 Value

 Is Shanghai Qingpu Fire-Fighting Equipment 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 Shanghai Qingpu Fire-Fighting Equipment 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 Shanghai Qingpu Fire-Fighting Equipment.

SEHK:8115 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 9.6%
Perpetual Growth Rate 10-Year HK Government Bond Rate 2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SEHK:8115
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6.7%
Electrical Unlevered Beta Simply Wall St/ S&P Global 1.19
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.187 (1 + (1- 25%) (2.65%))
1.141
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.14
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.141 * 6.65%)
9.59%

Discounted Cash Flow Calculation for SEHK:8115 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Shanghai Qingpu Fire-Fighting Equipment 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:8115 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 9.59%)
2020 12.94 Est @ 6.69% 11.80
2021 13.62 Est @ 5.29% 11.34
2022 14.21 Est @ 4.3% 10.79
2023 14.72 Est @ 3.61% 10.20
2024 15.18 Est @ 3.13% 9.60
2025 15.60 Est @ 2.79% 9.01
2026 16.00 Est @ 2.55% 8.43
2027 16.38 Est @ 2.39% 7.87
2028 16.76 Est @ 2.27% 7.35
2029 17.12 Est @ 2.19% 6.85
Present value of next 10 years cash flows CN¥93.25
SEHK:8115 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥17.12 × (1 + 2%) ÷ (9.59% – 2%)
CN¥230.18
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥230.18 ÷ (1 + 9.59%)10
CN¥92.11
SEHK:8115 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥93.25 + CN¥92.11
CN¥185.37
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥185.37 / 187.43
CN¥0.99
SEHK:8115 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:8115)
1.138
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥0.99 x 1.138
HK$1.13
Value per share (HKD) From above. HK$1.13
Current discount Discount to share price of HK$0.54
= -1 x (HK$0.54 - HK$1.13) / HK$1.13
52%

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

Current Discount
Amount off the current price Shanghai Qingpu Fire-Fighting Equipment is available for.
Intrinsic value
>50%
Share price is HK$0.54 vs Future cash flow value of HK$1.13
Current Discount Checks
For Shanghai Qingpu Fire-Fighting Equipment to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Shanghai Qingpu Fire-Fighting Equipment's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Shanghai Qingpu Fire-Fighting Equipment's share price is below the future cash flow value, and 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 Shanghai Qingpu Fire-Fighting Equipment's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Shanghai Qingpu Fire-Fighting Equipment's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:8115 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in CNY CN¥-0.02
SEHK:8115 Share Price ** SEHK (2019-07-15) in HKD HK$0.54
SEHK:8115 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.879 CN¥0.47
Hong Kong Electrical Industry PE Ratio Median Figure of 23 Publicly-Listed Electrical Companies 10.75x
Hong Kong Market PE Ratio Median Figure of 1,503 Publicly-Listed Companies 10.71x

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

** Primary Listing of Shanghai Qingpu Fire-Fighting Equipment.

SEHK:8115 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:8115 Share Price ÷ EPS (both in CNY)

= 0.47 ÷ -0.02

-27.27x

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

  • Shanghai Qingpu Fire-Fighting Equipment is loss making, we can't compare its value to the HK Electrical industry average.
  • Shanghai Qingpu Fire-Fighting Equipment is loss making, we can't compare the value of its earnings to the Hong Kong market.
Price based on expected Growth
Does Shanghai Qingpu Fire-Fighting Equipment's expected growth come at a high price?
Raw Data
SEHK:8115 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -27.27x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Hong Kong Electrical Industry PEG Ratio Median Figure of 9 Publicly-Listed Electrical Companies 1.11x
Hong Kong Market PEG Ratio Median Figure of 477 Publicly-Listed Companies 0.8x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Shanghai Qingpu Fire-Fighting Equipment, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Shanghai Qingpu Fire-Fighting Equipment's assets?
Raw Data
SEHK:8115 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in CNY CN¥0.44
SEHK:8115 Share Price * SEHK (2019-07-15) in HKD HK$0.54
SEHK:8115 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.879 CN¥0.47
Hong Kong Electrical Industry PB Ratio Median Figure of 34 Publicly-Listed Electrical Companies 0.65x
Hong Kong Market PB Ratio Median Figure of 2,190 Publicly-Listed Companies 0.92x
SEHK:8115 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:8115 Share Price ÷ Book Value per Share (both in CNY)

= 0.47 ÷ 0.44

1.09x

* Primary Listing of Shanghai Qingpu Fire-Fighting Equipment.

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

  • Shanghai Qingpu Fire-Fighting Equipment is overvalued based on assets compared to the HK Electrical industry average.
X
Value checks
We assess Shanghai Qingpu Fire-Fighting Equipment'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 Electrical 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 Electrical industry average (and greater than 0)? (1 check)
  5. Shanghai Qingpu Fire-Fighting Equipment 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.

8115 Future Performance

 How is Shanghai Qingpu Fire-Fighting Equipment expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Shanghai Qingpu Fire-Fighting Equipment has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
8.5%
Expected Electrical industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Shanghai Qingpu Fire-Fighting Equipment expected to grow at an attractive rate?
  • Unable to compare Shanghai Qingpu Fire-Fighting Equipment's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Shanghai Qingpu Fire-Fighting Equipment's earnings growth to the Hong Kong market average as no estimate data is available.
  • Unable to compare Shanghai Qingpu Fire-Fighting Equipment's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:8115 Future Growth Rates Data Sources
Data Point Source Value (per year)
Hong Kong Electrical Industry Earnings Growth Rate Market Cap Weighted Average 8.5%
Hong Kong Electrical Industry Revenue Growth Rate Market Cap Weighted Average 8.7%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.3%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

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

Analysts growth expectations
Raw Data
SEHK:8115 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:8115 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-03-31 72 -3
2018-12-31 70 6 -3
2018-09-30 69 -3
2018-06-30 67 11 -2
2018-03-31 72 -1
2017-12-31 73 14 0
2017-09-30 65 1
2017-06-30 70 9 1
2017-03-31 70 0
2016-12-31 74 -2 0
2016-09-30 76 -2
2016-06-30 67 -17 -3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Shanghai Qingpu Fire-Fighting Equipment is high growth as no earnings estimate data is available.
  • Unable to determine if Shanghai Qingpu Fire-Fighting Equipment 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:8115 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 Shanghai Qingpu Fire-Fighting Equipment Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:8115 Past Financials Data
Date (Data in CNY Millions) EPS *
2019-03-31 -0.02
2018-12-31 -0.02
2018-09-30 -0.01
2018-06-30 -0.01
2018-03-31 0.00
2017-12-31 0.00
2017-09-30 0.00
2017-06-30 0.01
2017-03-31 0.00
2016-12-31 0.00
2016-09-30 -0.01
2016-06-30 -0.02

*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 Shanghai Qingpu Fire-Fighting Equipment will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Shanghai Qingpu Fire-Fighting Equipment's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Shanghai Qingpu Fire-Fighting Equipment's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Capital Goods companies here
  3. Shanghai Qingpu Fire-Fighting Equipment's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Shanghai Qingpu Fire-Fighting Equipment'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.
Shanghai Qingpu Fire-Fighting Equipment 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.

8115 Past Performance

  How has Shanghai Qingpu Fire-Fighting Equipment 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 Shanghai Qingpu Fire-Fighting Equipment's growth in the last year to its industry (Electrical).
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.
  • Shanghai Qingpu Fire-Fighting Equipment does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Shanghai Qingpu Fire-Fighting Equipment's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Shanghai Qingpu Fire-Fighting Equipment's 1-year growth to the HK Electrical industry average as it is not currently profitable.
Earnings and Revenue History
Shanghai Qingpu Fire-Fighting Equipment'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 Shanghai Qingpu Fire-Fighting Equipment Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:8115 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 72.38 -3.26 18.62
2018-12-31 69.65 -3.39 19.03
2018-09-30 68.77 -2.77 18.85
2018-06-30 67.42 -2.05 19.63
2018-03-31 72.13 -0.87 19.26
2017-12-31 72.66 -0.23 19.55
2017-09-30 64.61 0.75 22.58
2017-06-30 69.98 1.02 21.80
2017-03-31 69.52 0.36 21.98
2016-12-31 73.50 0.32 21.78
2016-09-30 75.96 -2.04 21.10
2016-06-30 67.50 -2.89 20.63
2016-03-31 64.92 -1.51 19.58
2015-12-31 67.68 -1.07 19.92
2015-09-30 70.28 2.29 18.33
2015-06-30 78.53 3.67 19.43
2015-03-31 102.75 4.68 20.72
2014-12-31 117.49 7.33 19.97
2014-09-30 126.70 8.31 19.39
2014-06-30 131.54 8.54 18.88
2014-03-31 122.03 8.22 18.40
2013-12-31 113.41 7.84 18.10
2013-09-30 117.48 7.35 17.53
2013-06-30 109.28 6.83 17.19
2013-03-31 121.20 6.98 20.29
2012-12-31 100.48 5.80 17.68
2012-09-30 83.63 4.11 17.51

*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.
  • It is difficult to establish if Shanghai Qingpu Fire-Fighting Equipment has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Shanghai Qingpu Fire-Fighting Equipment has efficiently used its assets last year compared to the HK Electrical industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Shanghai Qingpu Fire-Fighting Equipment improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Shanghai Qingpu Fire-Fighting Equipment'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 Electrical 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.
Shanghai Qingpu Fire-Fighting Equipment has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

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

8115 Health

 How is Shanghai Qingpu Fire-Fighting Equipment'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 Shanghai Qingpu Fire-Fighting Equipment's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Shanghai Qingpu Fire-Fighting Equipment is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Shanghai Qingpu Fire-Fighting Equipment's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Shanghai Qingpu Fire-Fighting Equipment'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 28x 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 Shanghai Qingpu Fire-Fighting Equipment Company Filings, last reported 3 months ago.

SEHK:8115 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 82.86 2.36 29.67
2018-12-31 82.86 2.36 29.67
2018-09-30 83.35 5.16 21.82
2018-06-30 83.35 5.16 21.82
2018-03-31 85.21 2.36 23.36
2017-12-31 85.21 2.36 23.36
2017-09-30
2017-06-30 84.55 9.25 17.79
2017-03-31 84.37 10.16 17.51
2016-12-31 84.37 10.16 17.51
2016-09-30
2016-06-30 83.63 19.25 20.04
2016-03-31 84.70 11.74 28.50
2015-12-31 84.70 11.74 28.50
2015-09-30
2015-06-30 84.60 10.16 33.08
2015-03-31 84.50 9.25 36.21
2014-12-31 84.50 9.25 36.21
2014-09-30
2014-06-30 82.96 10.80 32.57
2014-03-31 78.52 10.20 25.27
2013-12-31 78.52 10.20 25.27
2013-09-30
2013-06-30 55.01 1.80 10.36
2013-03-31 70.70 17.12 21.83
2012-12-31 70.70 17.12 21.83
2012-09-30
  • Shanghai Qingpu Fire-Fighting Equipment's level of debt (2.8%) 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 (13% vs 2.8% today).
  • Debt is well covered by operating cash flow (271.6%, greater than 20% of total debt).
  • Unable to confirm if the interest payments on Shanghai Qingpu Fire-Fighting Equipment's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Shanghai Qingpu Fire-Fighting Equipment'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. Shanghai Qingpu Fire-Fighting Equipment has a total score of 5/6, 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.

8115 Dividends

 What is Shanghai Qingpu Fire-Fighting Equipment'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 Shanghai Qingpu Fire-Fighting Equipment dividends.
If you bought HK$2,000 of Shanghai Qingpu Fire-Fighting Equipment 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 Shanghai Qingpu Fire-Fighting Equipment's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Shanghai Qingpu Fire-Fighting Equipment'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:8115 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 Electrical Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 2.2%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 978 Stocks 3.6%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.2%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.1%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

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

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

  • Unable to perform a dividend volatility check as Shanghai Qingpu Fire-Fighting Equipment has not reported any payouts.
  • Unable to verify if Shanghai Qingpu Fire-Fighting Equipment's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Shanghai Qingpu Fire-Fighting Equipment's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Shanghai Qingpu Fire-Fighting Equipment 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 Shanghai Qingpu Fire-Fighting Equipment'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 Shanghai Qingpu Fire-Fighting Equipment afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Shanghai Qingpu Fire-Fighting Equipment 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.

8115 Management

 What is the CEO of Shanghai Qingpu Fire-Fighting Equipment'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
Hui Xing Shi
COMPENSATION CN¥175,000
AGE 60
TENURE AS CEO 4.7 years
CEO Bio

Mr. Hui Xing Shi has been General Manager at Shanghai Qingpu fire-fighting equipment Co., Ltd since November 2014 and has been its Compliance Officer since April 10, 2014. Mr. Shi serves as General Manager and Director of Shanghai Pressure Special Gas Cylinder Co., Ltd. Mr. Shi has been working in Special Cylinder since 2007. He has been an Executive Director at Shanghai Qingpu fire-fighting equipment Co., Ltd since April 10, 2014. He graduated from the Shanghai Light Industry Bureau Committee China Communist Party School with studies in political party management in 1992 and was conferred the qualification of senior occupational manager (grade 1) in 2009 by the Appraisal Centre of Occupational Capability of Shanghai.

CEO Compensation
  • Hui Xing's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Hui Xing's remuneration is lower than average for companies of similar size in Hong Kong.
Management Team Tenure

Average tenure and age of the Shanghai Qingpu Fire-Fighting Equipment management team in years:

4.7
Average Tenure
49
Average Age
  • The tenure for the Shanghai Qingpu Fire-Fighting Equipment management team is about average.
Management Team

Hui Xing Shi

TITLE
GM, Compliance Officer & Executive Director
COMPENSATION
CN¥175K
AGE
60
TENURE
4.7 yrs

Guo Ping Zhou

TITLE
Executive Director
COMPENSATION
CN¥103K
AGE
51
TENURE
4.7 yrs

Jin Hui Zhou

TITLE
Executive Chairman
AGE
49

Qiang Sun

TITLE
Financial Controller
AGE
39
TENURE
3.8 yrs

Jun Luo

TITLE
Technical Manager
AGE
45

Ning Song Qiu

TITLE
Head of Fire-Fighting Equipments Production Line & Supervisor
AGE
54

Benny Chan

TITLE
Company Secretary
AGE
48
TENURE
5.3 yrs

Da Rong Zhao

TITLE
Office Manager & Supervisor
COMPENSATION
CN¥51K
AGE
49
TENURE
12.7 yrs
Board of Directors Tenure

Average tenure and age of the Shanghai Qingpu Fire-Fighting Equipment board of directors in years:

4.9
Average Tenure
54
Average Age
  • The tenure for the Shanghai Qingpu Fire-Fighting Equipment board of directors is about average.
Board of Directors

Hui Xing Shi

TITLE
GM, Compliance Officer & Executive Director
COMPENSATION
CN¥175K
AGE
60
TENURE
5.3 yrs

Guo Ping Zhou

TITLE
Executive Director
COMPENSATION
CN¥103K
AGE
51
TENURE
5.1 yrs

Jin Hui Zhou

TITLE
Executive Chairman
AGE
49

Ning Song Qiu

TITLE
Head of Fire-Fighting Equipments Production Line & Supervisor
AGE
54
TENURE
4.1 yrs

Da Rong Zhao

TITLE
Office Manager & Supervisor
COMPENSATION
CN¥51K
AGE
49
TENURE
1.1 yrs

Chun Bao Yang

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥30K
AGE
63
TENURE
18.8 yrs

Guo Zhong Wang

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥30K
AGE
61
TENURE
18.8 yrs

Zi Zhang Song

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥30K
AGE
72
TENURE
4.7 yrs

Jin Liu

TITLE
Supervisor
AGE
35
TENURE
1.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
X
Management checks
We assess Shanghai Qingpu Fire-Fighting Equipment'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. Shanghai Qingpu Fire-Fighting Equipment 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.

8115 News

Simply Wall St News

Did Changing Sentiment Drive Shanghai Qingpu Fire-Fighting Equipment's (HKG:8115) Share Price Down A Worrying 61%?

Shanghai Qingpu Fire-Fighting Equipment Co., Ltd. … Because Shanghai Qingpu Fire-Fighting Equipment is loss-making, we think the market is probably more focussed on revenue and revenue growth, at least for now. … Over three years, Shanghai Qingpu Fire-Fighting Equipment grew revenue at 0.4% per year.

Simply Wall St -

Should You Be Concerned About Shanghai Qingpu Fire-Fighting Equipment Co., Ltd.'s (HKG:8115) Historical Volatility?

(HKG:8115), 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. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

One Thing To Remember About The Shanghai Qingpu Fire-Fighting Equipment Co Ltd (HKG:8115) Share Price

If you're interested in Shanghai Qingpu Fire-Fighting Equipment Co Ltd (HKG:8115), 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. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … The first thing to understand about beta is that the beta of the overall market is one.

Simply Wall St -

What Should Investors Know About Shanghai Qingpu Fire-Fighting Equipment Co Ltd's (HKG:8115) Return On Capital?

and want to better understand how you can grow your money by investing in Shanghai Qingpu Fire-Fighting Equipment Co Ltd (HKG:8115). … Purchasing Shanghai Qingpu Fire-Fighting Equipment gives you an ownership stake in the company. … To understand Shanghai Qingpu Fire-Fighting Equipment’s capital returns we will look at a useful metric called return on capital employed.

Simply Wall St -

What You Must Know About Shanghai Qingpu Fire-Fighting Equipment Co Ltd.'s (HKG:8115) Market Risks

A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … Based on this beta value, 8115 appears to be a stock that an investor with a high-beta portfolio would look for to reduce risk exposure to the market. … A market capitalisation of HK$131.20M puts 8115 in the category of small-cap stocks, which tends to possess higher beta than larger companies.

Simply Wall St -

Who Really Owns Shanghai Qingpu Fire-Fighting Equipment Co Ltd. (HKG:8115)?

This size of ownership gives retail investors collective power in deciding on major policy decisions such as executive compensation, appointment of directors and acquisitions of businesses. … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions. … Thus, investors should dig deeper into 8115's business relations with these companies and how it can affect shareholder returns in the long-term.Next Steps: A large shareholding of 8115 by the general public could mean higher market liquidity to buy and sell shares for retail investors, and also the potential to have more influence over company policies as a collective.

Simply Wall St -

What Investors Should Know About Shanghai Qingpu fire-fighting equipment Co Ltd's (HKG:8115) Financial Strength

Does 8115 generate enough cash through operations? … Over the past year, 8115 has reduced its debt from CN¥12.96M to CN¥5.16M – this includes both the current and long-term debt. … Risk around debt is extremely low for 8115, and the company also has the ability and headroom to increase debt if needed going forward.Next Steps: 8115 has demonstrated its ability to generate sufficient levels of cash flow, while its debt hovers at a safe level.

Simply Wall St -

Is Shanghai Qingpu fire-fighting equipment Co Ltd (HKG:8115) A Sell At Its Current PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for 8115 Price per share = CN¥0.58 Earnings per share = CN¥0.004 ∴ Price-Earnings Ratio = CN¥0.58 ÷ CN¥0.004 = 146.7x The P/E ratio itself doesn’t tell you a lot; however, it becomes very insightful when you compare it with other similar companies. … For example, if you inadvertently compared riskier firms with 8115, then investors would naturally value 8115 at a higher price since it is a less risky investment. … Similarly, if you accidentally compared lower growth firms with 8115, investors would also value 8115 at a higher price since it is a higher growth investment.

Simply Wall St -

Will Shanghai Qingpu fire-fighting equipment Co Ltd (HKG:8115) Continue To Underperform Its Industry?

Shanghai Qingpu fire-fighting equipment Co Ltd’s (SEHK:8115) most recent return on equity was a substandard 1.77% relative to its industry performance of 11.22% over the past year. … Check out our latest analysis for Shanghai Qingpu fire-fighting equipment Peeling the layers of ROE – trisecting a company’s profitability Return on Equity (ROE) weighs Shanghai Qingpu fire-fighting equipment’s profit against the level of its shareholders’ equity. … Shanghai Qingpu fire-fighting equipment’s below-industry ROE is disappointing, furthermore, its returns were not even high enough to cover its own cost of equity.

Simply Wall St -

Shanghai Qingpu fire-fighting equipment Co Ltd (SEHK:8115): Time For A Financial Health Check

We can check to see whether 8115 is able to meet its debt obligations by looking at the net interest coverage ratio. … 8115’s high cash coverage and low debt levels indicate its ability to utilise its borrowings efficiently in order to generate ample cash flow. … 8115’s relatively safe debt levels is even more impressive due to its ability to generate high cash flow, which illustrates operating efficiency.

Simply Wall St -

8115 Company Info

Description

Shanghai Qingpu Fire-Fighting Equipment Co., Ltd., together with its subsidiaries, manufactures and sells firefighting equipment and pressure vessel products in the People’s Republic of China, the United States, the European Union, and internationally. The company operates through seven segments: Fire-Fighting Equipment, Inspection Services, Grooved Couplings, Trading, Aquarium Products, Marine Fire-Fighting, and Property Investment. It also provides fire technology inspection services; installs and inspects marine fire-fighting equipment; manufactures and trades in iron casted grooved couplings; trades in sanitary-ware and other products; and invests in and rents office buildings and industrial properties, as well as sells aquarium products. The company was formerly known as Shanghai Qingpu Fire-Fighting Equipment Factory and changed its name to Shanghai Qingpu Fire-Fighting Equipment Co., Ltd. in December 2000. The company is based in North Point, Hong Kong. Shanghai Qingpu Fire-Fighting Equipment Co., Ltd. is a subsidiary of Liancheng Fire-Fighting Group Company Limited.

Details
Name: Shanghai Qingpu Fire-Fighting Equipment Co., Ltd.
8115
Exchange: SEHK
Founded:
HK$101,212,200
187,430,000
Website: http://www.shanghaiqingpu.com
Address: Shanghai Qingpu Fire-Fighting Equipment Co., Ltd.
Island Place Tower,
Unit 2605,
North Point,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 8115 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong Ltd. HK HKD 30. Jun 2004
Number of employees
Current staff
Staff numbers
233
Shanghai Qingpu Fire-Fighting Equipment employees.
Industry
Electrical Components and Equipment
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/16 12:31
End of day share price update: 2019/07/15 00:00
Last earnings filing: 2019/05/09
Last earnings reported: 2019/03/31
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.