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Ka Shui International Holdings

SEHK:822
Snowflake Description

Flawless balance sheet, undervalued and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
822
SEHK
HK$416M
Market Cap
  1. Home
  2. HK
  3. Capital Goods
Company description

Ka Shui International Holdings Limited, an investment holding company, manufactures and sells zinc, magnesium, and aluminum alloy die casting products and components. The last earnings update was 89 days ago. More info.


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822 Share Price and Events
7 Day Returns
4.3%
SEHK:822
0.1%
HK Machinery
0.6%
HK Market
1 Year Returns
27.3%
SEHK:822
7.5%
HK Machinery
-5.9%
HK Market
822 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Ka Shui International Holdings (822) 4.3% -5.8% -12.5% 27.3% -19.7% -54.6%
HK Machinery 0.1% 1.5% -10.5% 7.5% 60.3% 42.7%
HK Market 0.6% 3.7% -8.2% -5.9% 17.2% 4.8%
1 Year Return vs Industry and Market
  • 822 outperformed the Machinery industry which returned 7.5% over the past year.
  • 822 outperformed the Market in Hong Kong which returned -5.9% over the past year.
Price Volatility
822
Industry
5yr Volatility vs Market

822 Value

 Is Ka Shui International Holdings undervalued based on future cash flows and its price relative to the stock market?

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

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

Below are the data sources, inputs and calculation used to determine the intrinsic value for Ka Shui International Holdings.

SEHK:822 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 11.9%
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:822
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6.7%
Machinery Unlevered Beta Simply Wall St/ S&P Global 1.09
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.085 (1 + (1- 25%) (78.13%))
1.483
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.48
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.483 * 6.65%)
11.87%

Discounted Cash Flow Calculation for SEHK:822 using 2 Stage Free Cash Flow to Equity Model

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

SEHK:822 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 11.87%)
2020 166.01 Est @ 58.43% 148.40
2021 234.92 Est @ 41.5% 187.72
2022 304.58 Est @ 29.65% 217.57
2023 369.63 Est @ 21.36% 236.02
2024 427.12 Est @ 15.55% 243.80
2025 476.18 Est @ 11.49% 242.97
2026 517.33 Est @ 8.64% 235.97
2027 551.73 Est @ 6.65% 224.96
2028 580.73 Est @ 5.26% 211.67
2029 605.59 Est @ 4.28% 197.31
Present value of next 10 years cash flows HK$2,146.38
SEHK:822 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= HK$605.59 × (1 + 2%) ÷ (11.87% – 2%)
HK$6,262.22
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$6,262.22 ÷ (1 + 11.87%)10
HK$2,040.32
SEHK:822 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$2,146.38 + HK$2,040.32
HK$4,186.71
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$4,186.71 / 893.76
HK$4.68
SEHK:822 Discount to Share Price
Calculation Result
Value per share (HKD) From above. HK$4.68
Current discount Discount to share price of HK$0.49
= -1 x (HK$0.49 - HK$4.68) / HK$4.68
89.5%

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

Current Discount
Amount off the current price Ka Shui International Holdings is available for.
Intrinsic value
>50%
Share price is HK$0.49 vs Future cash flow value of HK$4.68
Current Discount Checks
For Ka Shui International Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Ka Shui International Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Ka Shui International Holdings'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 Ka Shui International Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Ka Shui International Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:822 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in HKD HK$0.13
SEHK:822 Share Price ** SEHK (2019-07-16) in HKD HK$0.49
Hong Kong Machinery Industry PE Ratio Median Figure of 37 Publicly-Listed Machinery Companies 9.32x
Hong Kong Market PE Ratio Median Figure of 1,503 Publicly-Listed Companies 10.71x

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

** Primary Listing of Ka Shui International Holdings.

SEHK:822 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:822 Share Price ÷ EPS (both in HKD)

= 0.49 ÷ 0.13

3.86x

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

  • Ka Shui International Holdings is good value based on earnings compared to the HK Machinery industry average.
  • Ka Shui International Holdings is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Ka Shui International Holdings's expected growth come at a high price?
Raw Data
SEHK:822 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 3.86x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
6.9%per year
Hong Kong Machinery Industry PEG Ratio Median Figure of 12 Publicly-Listed Machinery Companies 0.68x
Hong Kong Market PEG Ratio Median Figure of 477 Publicly-Listed Companies 0.8x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Ka Shui International Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Ka Shui International Holdings's assets?
Raw Data
SEHK:822 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in HKD HK$1.05
SEHK:822 Share Price * SEHK (2019-07-16) in HKD HK$0.49
Hong Kong Machinery Industry PB Ratio Median Figure of 50 Publicly-Listed Machinery Companies 0.99x
Hong Kong Market PB Ratio Median Figure of 2,190 Publicly-Listed Companies 0.92x
SEHK:822 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:822 Share Price ÷ Book Value per Share (both in HKD)

= 0.49 ÷ 1.05

0.47x

* Primary Listing of Ka Shui International Holdings.

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

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

822 Future Performance

 How is Ka Shui International Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Ka Shui International 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
6.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Ka Shui International Holdings expected to grow at an attractive rate?
  • Ka Shui International Holdings's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • Ka Shui International Holdings's earnings growth is positive but not above the Hong Kong market average.
  • Unable to compare Ka Shui International Holdings's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:822 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:822 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 6.9%
Hong Kong Machinery Industry Earnings Growth Rate Market Cap Weighted Average 12.6%
Hong Kong Machinery Industry Revenue Growth Rate Market Cap Weighted Average 10.2%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.3%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

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

Analysts growth expectations
Raw Data
SEHK:822 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:822 Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
SEHK:822 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-12-31 1,852 177 114
2018-09-30 1,821 44 72
2018-06-30 1,791 -88 31
2018-03-31 1,765 -32 32
2017-12-31 1,739 24 34
2017-09-30 1,771 80 56
2017-06-30 1,802 136 78
2017-03-31 1,772 109 69
2016-12-31 1,742 83 59
2016-09-30 1,667 82 -1
2016-06-30 1,591 81 -61
2016-03-31 1,565 95 -62

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Ka Shui International Holdings's earnings are expected to grow by 6.9% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Ka Shui International 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:822 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 Ka Shui International Holdings Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:822 Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
SEHK:822 Past Financials Data
Date (Data in HKD Millions) EPS *
2018-12-31 0.13
2018-09-30 0.08
2018-06-30 0.03
2018-03-31 0.04
2017-12-31 0.04
2017-09-30 0.06
2017-06-30 0.09
2017-03-31 0.08
2016-12-31 0.07
2016-09-30 0.00
2016-06-30 -0.07
2016-03-31 -0.07

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

822 Past Performance

  How has Ka Shui International Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Ka Shui International Holdings's growth in the last year to its industry (Machinery).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Ka Shui International Holdings's year on year earnings growth rate has been positive over the past 5 years.
  • Ka Shui International Holdings's 1-year earnings growth exceeds its 5-year average (234% vs 14.5%)
  • Ka Shui International Holdings's earnings growth has exceeded the HK Machinery industry average in the past year (234% vs 18%).
Earnings and Revenue History
Ka Shui International Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Ka Shui International Holdings Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:822 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 1,852.33 113.56 303.25
2018-09-30 1,821.49 72.20 283.11
2018-06-30 1,790.66 30.85 262.19
2018-03-31 1,764.70 32.42 269.26
2017-12-31 1,738.74 34.00 277.09
2017-09-30 1,770.61 56.00 294.74
2017-06-30 1,802.48 78.00 312.39
2017-03-31 1,772.48 68.62 302.25
2016-12-31 1,742.48 59.24 292.12
2016-09-30 1,666.84 -1.08 286.97
2016-06-30 1,591.21 -61.40 281.83
2016-03-31 1,565.27 -62.44 286.52
2015-12-31 1,539.34 -63.49 291.22
2015-09-30 1,533.55 13.02 294.48
2015-06-30 1,527.76 89.52 297.75
2015-03-31 1,555.04 83.38 301.18
2014-12-31 1,582.33 77.25 304.62
2014-09-30 1,626.67 27.70 296.93
2014-06-30 1,671.01 -21.86 289.24
2014-03-31 1,738.80 19.34 277.55
2013-12-31 1,806.59 60.54 265.87
2013-09-30 1,809.66 107.66 252.53
2013-06-30 1,812.73 154.78 239.20
2013-03-31 1,690.84 140.34 217.17
2012-12-31 1,568.96 125.89 195.14
2012-09-30 1,446.76 105.40 178.47

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

822 Health

 How is Ka Shui International Holdings's financial health and their level of debt?

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

The boxes below represent the relative size of what makes up Ka Shui International Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Ka Shui International Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Ka Shui International Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Ka Shui International Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.9x 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 Ka Shui International Holdings Company Filings, last reported 6 months ago.

SEHK:822 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 957.86 324.70 250.61
2018-09-30 957.86 324.70 250.61
2018-06-30 873.15 397.92 172.18
2018-03-31 873.15 397.92 172.18
2017-12-31 866.64 368.28 243.99
2017-09-30 866.64 368.28 243.99
2017-06-30 794.99 491.46 255.44
2017-03-31 794.99 491.46 255.44
2016-12-31 771.51 565.95 296.01
2016-09-30 771.51 565.95 296.01
2016-06-30 712.20 628.02 264.87
2016-03-31 712.20 628.02 264.87
2015-12-31 731.50 603.59 260.53
2015-09-30 731.50 603.59 260.53
2015-06-30 829.37 572.46 251.63
2015-03-31 829.37 572.46 251.63
2014-12-31 849.54 551.83 237.63
2014-09-30 849.54 551.83 237.63
2014-06-30 754.24 538.35 213.21
2014-03-31 754.24 538.35 213.21
2013-12-31 853.56 496.18 323.23
2013-09-30 853.56 496.18 323.23
2013-06-30 836.40 494.22 286.50
2013-03-31 836.40 494.22 286.50
2012-12-31 815.77 325.58 135.84
2012-09-30 815.77 325.58 135.84
  • Ka Shui International Holdings's level of debt (33.9%) 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 (58.4% vs 33.9% today).
  • Debt is well covered by operating cash flow (54.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 11.3x coverage).
X
Financial health checks
We assess Ka Shui International Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Ka Shui International Holdings has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

822 Dividends

 What is Ka Shui International Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
7.14%
Current annual income from Ka Shui International Holdings dividends.
If you bought HK$2,000 of Ka Shui International Holdings shares you are expected to receive HK$143 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?
  • Ka Shui International Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.08%).
  • Ka Shui International Holdings's dividend is above the markets top 25% of dividend payers in Hong Kong (5.74%).
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:822 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Hong Kong Machinery Industry Average Dividend Yield Market Cap Weighted Average of 26 Stocks 3.2%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 978 Stocks 3.6%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.2%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.1%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

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

SEHK:822 Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts
SEHK:822 Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2019-03-26 0.035 6.485
2018-03-26 0.010 2.620
2017-05-19 0.010 1.828
2016-09-07 0.000 0.000
2016-08-25 0.000 0.000
2016-04-12 0.000 0.000
2016-03-30 0.000 0.000
2015-04-08 0.016 2.272
2015-03-23 0.016 1.570
2014-09-04 0.000 0.000
2014-08-26 0.000 0.000
2014-04-04 0.099 8.503
2014-03-24 0.099 5.670
2013-03-28 0.099 4.134
2013-03-19 0.099 5.399
2012-09-05 0.016 1.226
2012-03-27 0.050 7.515
2011-08-19 0.039 7.120
2011-03-21 0.045 7.088
2010-08-27 0.024 4.147
2010-04-16 0.032 6.003
2009-09-17 0.042 8.250
2009-04-17 0.006 2.035
2008-09-12 0.000 0.000

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 increased over the past 10 years.
Current Payout to shareholders
What portion of Ka Shui International Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.6x 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 Ka Shui International 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 Ka Shui International Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Ka Shui International Holdings has a total score of 4/6, see the detailed checks below.


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

822 Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Yuen Fat Lee
COMPENSATION HK$3,954,000
AGE 63
TENURE AS CEO 1.5 years
CEO Bio

Mr. Yuen Fat Lee is the Founder of Ka Shui International Holdings Ltd and also serves as its Chairman of the Board. Mr. Lee serves as Chief Executive Officer Ka Shui International Holdings Ltd since 2018. Mr. Lee served as its Chief Executive Officer of Ka Shui International Holdings Ltd from June 2014 to June 1, 2015. Mr. Lee is responsible for the formulation of the overall business strategies of Ka Shui International Holdings Ltd. He has over 25 years of experience in the die casting industry. He is the Honorary President of the Hong Kong Foundry Association and is also the Vice-Director General of the Guangdong Mechanical Engineering Association Die Casting Branch and the Vice President of the Commerce Society of Pinghu Town, Shenzhen, PRC. He was one of the founding members and was the Chairman of the Hong Kong Diecasting Association in 1989. He was conferred an award of Honorary Fellowship by the Professional Validation Council of Hong Kong Industries. He holds a master's degree in Engineering from Yanshan University.

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

Yuen Fat Lee

TITLE
Founder
COMPENSATION
HK$4M
AGE
63
TENURE
1.5 yrs

Wing Chuen Wong

TITLE
Vice Chairman & Director of Manufacturing
COMPENSATION
HK$2M
AGE
57

Chan Fu

TITLE
Financial Controller
AGE
47

So Chan

TITLE
Director of Operations & Executive Director
AGE
60

Peter Wong

TITLE
Chief Marketing Officer
AGE
64

Celia Yam

TITLE
Company Secretary
TENURE
6.3 yrs

Sin Chan

TITLE
Director of Enterprise and Business Development
AGE
46

Hin Lo

TITLE
Director of Finance and Corporate Strategy
AGE
56
Board of Directors Tenure

Average tenure and age of the Ka Shui International Holdings board of directors in years:

6.9
Average Tenure
60
Average Age
  • The tenure for the Ka Shui International Holdings board of directors is about average.
Board of Directors

Yuen Fat Lee

TITLE
Founder
COMPENSATION
HK$4M
AGE
63

Wing Chuen Wong

TITLE
Vice Chairman & Director of Manufacturing
COMPENSATION
HK$2M
AGE
57
TENURE
2.5 yrs

So Chan

TITLE
Director of Operations & Executive Director
AGE
60
TENURE
0.3 yrs

Cliff Sun

TITLE
Independent Non-Executive Director
COMPENSATION
HK$180K
AGE
65
TENURE
12.1 yrs

Frankie Kong

TITLE
Independent Non-Executive Director
COMPENSATION
HK$180K
AGE
55
TENURE
4.2 yrs

Wai Kwok Lo

TITLE
Independent Non-Executive Director
COMPENSATION
HK$180K
AGE
66
TENURE
12.1 yrs

Andrew Look

TITLE
Independent Non-Executive Director
COMPENSATION
HK$180K
AGE
54
TENURE
9.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
X
Management checks
We assess Ka Shui International Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Ka Shui International Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


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

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

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

822 News

Simply Wall St News

Such Is Life: How Ka Shui International Holdings (HKG:822) Shareholders Saw Their Shares Drop 56%

For example, after five long years the Ka Shui International Holdings Limited (HKG:822) share price is a whole 56% lower. … During five years of share price growth, Ka Shui International Holdings moved from a loss to profitability. … As it happens, Ka Shui International Holdings's TSR for the last 5 years was -51%, which exceeds the share price return mentioned earlier.

Simply Wall St -

Here's How P/E Ratios Can Help Us Understand Ka Shui International Holdings Limited (HKG:822)

Check out our latest analysis for Ka Shui International Holdings How Do I Calculate A Price To Earnings Ratio? … The formula for P/E is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for Ka Shui International Holdings: P/E of 4.17 = HK$0.53 ÷ HK$0.13 (Based on the trailing twelve months to December 2018.) Is A High Price-to-Earnings Ratio Good? … SEHK:822 Price Estimation Relative to Market, June 12th 2019 Its relatively low P/E ratio indicates that Ka Shui International Holdings shareholders think it will struggle to do as well as other companies in its industry classification.

Simply Wall St -

Do Institutions Own Ka Shui International Holdings Limited (HKG:822) Shares?

Every investor in Ka Shui International Holdings Limited (HKG:822) should be aware of the most powerful shareholder groups. … As Charlie Munger said 'Show me the incentive and I will show you the outcome.' With a market capitalization of HK$492m, Ka Shui International Holdings is a small cap stock, so it might not be well known by many institutional investors. … View our latest analysis for Ka Shui International Holdings SEHK:822 Ownership Summary, May 13th 2019 What Does The Lack Of Institutional Ownership Tell Us About Ka Shui International Holdings?

Simply Wall St -

What Makes Ka Shui International Holdings Limited (HKG:822) A Great Dividend Stock?

Could Ka Shui International Holdings Limited (HKG:822) be an attractive dividend share to own for the long haul? … In this case, Ka Shui International Holdings likely looks attractive to investors, given its 6.1% dividend yield and a payment history of over ten years. … Given the recent spike in its share price, Ka Shui International Holdings's yield will look lower, even though the market may now be factoring in an improvement in its long-term prospects.

Simply Wall St -

A Spotlight On Ka Shui International Holdings Limited's (HKG:822) Fundamentals

Ka Shui International Holdings Limited (HKG:822) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects. … , dividend-paying company with a

Simply Wall St -

Did You Manage To Avoid Ka Shui International Holdings's (HKG:822) Painful 66% Share Price Drop?

In that time the share price has delivered a rude shock to holders, who find themselves down 66% after a long stretch. … 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). … Looking back five years, both Ka Shui International Holdings's share price and EPS declined; the latter at a rate of 28% per year.

Simply Wall St -

What does Ka Shui International Holdings Limited's (HKG:822) Balance Sheet Tell Us About Its Future?

Investors are always looking for growth in small-cap stocks like Ka Shui International Holdings Limited (HKG:822), with a market cap of HK$375m. … However, an important fact which most ignore is: how financially healthy is the business?

Simply Wall St -

Should You Be Tempted To Sell Ka Shui International Holdings Limited (HKG:822) Because Of Its P/E Ratio?

To keep it practical, we'll show how Ka Shui International Holdings Limited's (HKG:822) P/E ratio could help you assess the value on offer. … Ka Shui International Holdings has a price to earnings ratio of 10, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

What Kind Of Investor Owns Most Of Ka Shui International Holdings Limited (HKG:822)?

The big shareholder groups in Ka Shui International Holdings Limited (HKG:822) have power over the company. … With a market capitalization of HK$317m, Ka Shui International Holdings is a small cap stock, so it might not be well known by many institutional investors. … See our latest analysis for Ka Shui International Holdings

Simply Wall St -

Is Ka Shui International Holdings Limited's (HKG:822) Balance Sheet A Threat To Its Future?

However, an important fact which most ignore is: how financially healthy is the business? … Evaluating financial health as part of your investment thesis is. … Here are few basic financial health checks you should consider before taking the plunge.

Simply Wall St -

822 Company Info

Description

Ka Shui International Holdings Limited, an investment holding company, manufactures and sells zinc, magnesium, and aluminum alloy die casting products and components. The company operates through Zinc Alloy Die Casting, Magnesium Alloy Die Casting, Aluminium Alloy Die Casting, Plastic Injection, and Others segments. It also manufactures plastic injection products and components. In addition, the company engages in the provision of surface finishing treatment services; trading and marketing of LED and plasma lighting products; marketing of zinc, magnesium, and aluminum alloy die casting, and plastic injection products and components; trading of home appliance products; and research, manufacture, and sale of plastic injection moldings and components of car-related products. It sells its products to household, communication, computer, consumer electronics, automotive parts, and precision components industries in Hong Kong, the People’s Republic of China, Japan, the United States, and internationally. The company was founded in 1980 and is headquartered in Kowloon Bay, Hong Kong. Ka Shui International Holdings Limited is a subsidiary of Precisefull Limited.

Details
Name: Ka Shui International Holdings Limited
822
Exchange: SEHK
Founded: 1980
HK$415,599,051
893,761,400
Website: http://www.kashui.com
Address: Ka Shui International Holdings Limited
Billion Centre,
Tower B, 29th Floor,
Kowloon Bay,
Kowloon, Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 822 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 27. Jun 2007
DB MI8 Ordinary Shares Deutsche Boerse AG DE EUR 27. Jun 2007
Number of employees
Current staff
Staff numbers
4,100
Ka Shui International Holdings employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/16 12:50
End of day share price update: 2019/07/16 00:00
Last estimates confirmation: 2017/03/27
Last earnings filing: 2019/04/18
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.