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Guangdong Tannery

SEHK:1058
Snowflake Description

Imperfect balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1058
SEHK
HK$296M
Market Cap
  1. Home
  2. HK
  3. Consumer Durables
Company description

Guangdong Tannery Limited, an investment holding company, processes and sells semi-finished and finished leather in Mainland China. The last earnings update was 22 days ago. More info.


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1058 Share Price and Events
7 Day Returns
1.9%
SEHK:1058
1.7%
HK Luxury
0.5%
HK Market
1 Year Returns
-26.7%
SEHK:1058
-5%
HK Luxury
-6.1%
HK Market
1058 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Guangdong Tannery (1058) 1.9% 7.8% 5.8% -26.7% -23.6% 25%
HK Luxury 1.7% 1% 14.6% -5% 17.2% 6%
HK Market 0.5% 1.1% 11.2% -6.1% 25.9% 19.4%
1 Year Return vs Industry and Market
  • 1058 underperformed the Luxury industry which returned -5% over the past year.
  • 1058 underperformed the Market in Hong Kong which returned -6.1% over the past year.
Price Volatility
1058
Industry
5yr Volatility vs Market

Value

 Is Guangdong Tannery 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
  • It is not possible to calculate the future cash flow value for Guangdong Tannery. This is due to cash flow or dividend data being unavailable. The share price is HK$0.55.
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 Guangdong Tannery's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Guangdong Tannery's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:1058 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in HKD HK$-0.15
SEHK:1058 Share Price ** SEHK (2019-04-18) in HKD HK$0.55
Hong Kong Luxury Industry PE Ratio Median Figure of 76 Publicly-Listed Luxury Companies 10.37x
Hong Kong Market PE Ratio Median Figure of 1,474 Publicly-Listed Companies 12x

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

** Primary Listing of Guangdong Tannery.

SEHK:1058 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1058 Share Price ÷ EPS (both in HKD)

= 0.55 ÷ -0.15

-3.64x

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

  • Guangdong Tannery is loss making, we can't compare its value to the HK Luxury industry average.
  • Guangdong Tannery is loss making, we can't compare the value of its earnings to the Hong Kong market.
Price based on expected Growth
Does Guangdong Tannery's expected growth come at a high price?
Raw Data
SEHK:1058 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -3.64x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Hong Kong Luxury Industry PEG Ratio Median Figure of 22 Publicly-Listed Luxury Companies 0.89x
Hong Kong Market PEG Ratio Median Figure of 462 Publicly-Listed Companies 0.86x

*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 Guangdong Tannery, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Guangdong Tannery's assets?
Raw Data
SEHK:1058 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in HKD HK$0.11
SEHK:1058 Share Price * SEHK (2019-04-18) in HKD HK$0.55
Hong Kong Luxury Industry PB Ratio Median Figure of 120 Publicly-Listed Luxury Companies 1.11x
Hong Kong Market PB Ratio Median Figure of 2,149 Publicly-Listed Companies 1.03x
SEHK:1058 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1058 Share Price ÷ Book Value per Share (both in HKD)

= 0.55 ÷ 0.11

5.01x

* Primary Listing of Guangdong Tannery.

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

  • Guangdong Tannery is overvalued based on assets compared to the HK Luxury industry average.
X
Value checks
We assess Guangdong Tannery'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 Luxury 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 Luxury industry average (and greater than 0)? (1 check)
  5. Guangdong Tannery has a total score of 0/6, 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 Guangdong Tannery 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 Guangdong Tannery 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
15.8%
Expected Luxury industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Guangdong Tannery expected to grow at an attractive rate?
  • Unable to compare Guangdong Tannery's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Guangdong Tannery's earnings growth to the Hong Kong market average as no estimate data is available.
  • Unable to compare Guangdong Tannery's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:1058 Future Growth Rates Data Sources
Data Point Source Value (per year)
Hong Kong Luxury Industry Earnings Growth Rate Market Cap Weighted Average 15.8%
Hong Kong Luxury Industry Revenue Growth Rate Market Cap Weighted Average 11.5%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.6%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 11.2%

*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:1058 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 HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:1058 Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
SEHK:1058 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-12-31 238 -81
2018-09-30 264 -98
2018-06-30 289 -26 -115
2018-03-31 306 -47 -107
2017-12-31 322 -68 -100
2017-09-30 361 -23 -75
2017-06-30 399 23 -51
2017-03-31 428 20 -45
2016-12-31 457 18 -40
2016-09-30 490 2 -44
2016-06-30 523 -14 -47
2016-03-31 588 0 -43

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Guangdong Tannery is high growth as no earnings estimate data is available.
  • Unable to determine if Guangdong Tannery 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:1058 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 Guangdong Tannery Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1058 Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
SEHK:1058 Past Financials Data
Date (Data in HKD Millions) EPS *
2018-12-31 -0.15
2018-09-30 -0.18
2018-06-30 -0.21
2018-03-31 -0.20
2017-12-31 -0.19
2017-09-30 -0.14
2017-06-30 -0.09
2017-03-31 -0.08
2016-12-31 -0.07
2016-09-30 -0.08
2016-06-30 -0.09
2016-03-31 -0.08

*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 Guangdong Tannery will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of 1058’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Guangdong Tannery'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 Consumer Durables companies here
  3. Guangdong Tannery'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 Guangdong Tannery'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.
Guangdong Tannery 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 Guangdong Tannery 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 Guangdong Tannery's growth in the last year to its industry (Luxury).
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.
  • Guangdong Tannery does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Guangdong Tannery's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Guangdong Tannery's 1-year growth to the HK Luxury industry average as it is not currently profitable.
Earnings and Revenue History
Guangdong Tannery'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 Guangdong Tannery Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1058 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 238.32 -81.24 30.24
2018-09-30 263.79 -98.21 31.48
2018-06-30 289.27 -115.17 32.72
2018-03-31 305.71 -107.40 31.43
2017-12-31 322.15 -99.62 30.15
2017-09-30 360.67 -75.12 29.37
2017-06-30 399.19 -50.62 28.59
2017-03-31 427.96 -45.31 30.69
2016-12-31 456.72 -39.99 32.79
2016-09-30 490.11 -43.53 36.17
2016-06-30 523.50 -47.06 39.55
2016-03-31 588.11 -42.70 40.21
2015-12-31 652.73 -38.35 40.87
2015-09-30 720.87 -25.78 37.43
2015-06-30 789.01 -13.21 33.99
2015-03-31 778.10 -5.60 32.17
2014-12-31 767.19 2.00 30.35
2014-09-30 680.06 3.21 29.95
2014-06-30 592.93 4.43 29.56
2014-03-31 593.79 5.08 28.61
2013-12-31 594.64 5.73 27.66
2013-09-30 638.56 6.89 26.64
2013-06-30 682.47 8.05 25.61
2013-03-31 652.67 4.54 25.96
2012-12-31 622.87 1.03 26.31
2012-09-30 593.33 -1.06 26.52
2012-06-30 563.79 -3.15 26.72

*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 Guangdong Tannery has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Guangdong Tannery has efficiently used its assets last year compared to the HK Luxury industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Guangdong Tannery 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 Guangdong Tannery'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 Luxury 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.
Guangdong Tannery 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.

Health

 How is Guangdong Tannery'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 Guangdong Tannery's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Guangdong Tannery is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Guangdong Tannery's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Guangdong Tannery'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 1.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

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

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

All data from Guangdong Tannery Company Filings, last reported 3 months ago.

SEHK:1058 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 59.09 142.38 27.51
2018-09-30 59.09 142.38 27.51
2018-06-30 102.32 147.08 9.15
2018-03-31 102.32 147.08 9.15
2017-12-31 151.27 182.32 29.11
2017-09-30 151.27 182.32 29.11
2017-06-30 204.53 241.20 25.43
2017-03-31 204.53 241.20 25.43
2016-12-31 225.39 225.89 48.29
2016-09-30 225.39 225.89 48.29
2016-06-30 260.91 164.23 15.67
2016-03-31 260.91 164.23 15.67
2015-12-31 290.62 192.56 42.16
2015-09-30 290.62 192.56 42.16
2015-06-30 339.73 239.62 27.69
2015-03-31 339.73 239.62 27.69
2014-12-31 352.55 278.22 20.42
2014-09-30 352.55 278.22 20.42
2014-06-30 349.43 251.24 53.36
2014-03-31 349.43 251.24 53.36
2013-12-31 352.81 199.75 56.57
2013-09-30 352.81 199.75 56.57
2013-06-30 341.40 174.08 56.83
2013-03-31 341.40 174.08 56.83
2012-12-31 329.57 196.11 44.51
2012-09-30 329.57 196.11 44.51
2012-06-30 322.71 172.12 46.55
  • Guangdong Tannery's level of debt (240.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (56.8% vs 240.9% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Guangdong Tannery has less than a year of cash runway based on current free cash flow.
  • Guangdong Tannery has less than a year of cash runway if free cash flow continues to grow at historical rates of 64.3% each year.
X
Financial health checks
We assess Guangdong Tannery'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. Guangdong Tannery has a total score of 2/6, 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 Guangdong Tannery'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 Guangdong Tannery dividends.
If you bought HK$2,000 of Guangdong Tannery 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 Guangdong Tannery's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Guangdong Tannery'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:1058 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 Luxury Industry Average Dividend Yield Market Cap Weighted Average of 56 Stocks 2.7%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 965 Stocks 3.4%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.1%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 1.9%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.3%

Industry and Market average data is calculated daily.

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

SEHK:1058 Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts

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

  • Unable to perform a dividend volatility check as Guangdong Tannery has not reported any payouts.
  • Unable to verify if Guangdong Tannery's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Guangdong Tannery's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Guangdong Tannery 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 Guangdong Tannery's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Guangdong Tannery afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Guangdong Tannery has a total score of 0/6, see the detailed checks below.


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

Management

 What is the CEO of Guangdong Tannery'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
Jun Sun
COMPENSATION HK$757,000
AGE 44
TENURE AS CEO 9.2 years
CEO Bio

Mr. Jung Sun, also known as Jun has been the Managing Director of Guangdong Tannery Ltd. since February 5, 2010. Mr. Sun serves as an Executive of Deutsche Bank Alex. Brown Inc. He also serves as Director and the General Manager of Xuzhou Nanhai Leather Factory Co., Ltd., Xuzhou Gangwei Leather Co., Ltd. and Guangdong Tannery (Xuzho) Limited); and an Executive Deputy Project Director of Guangdong Tannery (Xuzhou) Limited and relocation project of Xuzhou Nanhai Leather Factory Co., Ltd. He served as the Chief Financial Officer of Tianjin Zhongxin Pharmaceutical Group Corporation Limited since October 2007. He served as the Chief Accountant of Tianjin Zhongxin Pharmaceutical Group Corporation Limited from November 9, 2011 to November 13, 2014 and also served as its Deputy General Manager from 2012 to November 13, 2014. From July 1991 to January 1997, he was engaged by Tianjin Pharmaceutical Administration and Head Office of Tianjin Pharmaceutical Company. From January 1997 to January 2000, he held a position in the Asset Management Department of the Head Office of Tianjin Pharmaceutical Company and Tianjin Pharmaceutical Group Co. Ltd. From January 2000 to October 2007, he was the Deputy Director and later became the Director of the Auditing Department of Tianjin Pharmaceutical Group Co. Ltd. He has been the Chairman of Guangdong Tannery Ltd. since February 26, 2016. He has been an Executive Director of Guangdong Tannery Ltd. since February 2010. He served as an Executive Director of Tianjin Zhongxin Pharmaceutical Group Corporation Limited from December 18, 2012 to November 13, 2014. Mr. Sun is a Chartered Public Accountant and an Economist in the People's Republic of China. Mr. Sun graduated from (Xian Highway College) (now known as (Changan University) and obtained a Bachelor degree in (Mechanical Engineering and Lifting Transportation Program).

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

Average tenure of the Guangdong Tannery management team in years:

10.8
Average Tenure
  • The average tenure for the Guangdong Tannery management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Jun Sun

TITLE
Chairman & MD
COMPENSATION
HK$757K
AGE
44
TENURE
9.2 yrs

Wai Mei Lee

TITLE
Chief Financial Officer
AGE
43
TENURE
13.9 yrs

Sze Sze Lo

TITLE
Company Secretary
TENURE
10.8 yrs
Board of Directors Tenure

Average tenure and age of the Guangdong Tannery board of directors in years:

3.2
Average Tenure
54
Average Age
  • The tenure for the Guangdong Tannery board of directors is about average.
Board of Directors

Lak Fung

TITLE
Independent Non-Executive Director
COMPENSATION
HK$150K
AGE
70
TENURE
16.4 yrs

Jun Sun

TITLE
Chairman & MD
COMPENSATION
HK$757K
AGE
44
TENURE
3.2 yrs

Thomas Choi

TITLE
Independent Non-Executive Director
COMPENSATION
HK$150K
AGE
73
TENURE
14.5 yrs

Roger Chan

TITLE
Independent Non-Executive Director
COMPENSATION
HK$150K
AGE
68
TENURE
13.1 yrs

Zhaoyi Xiao

TITLE
Non-Executive Director
AGE
54
TENURE
3.2 yrs

Hu Kuang

TITLE
Non-Executive Director
AGE
40
TENURE
3.2 yrs

Yatao Ding

TITLE
Non-Executive Director
AGE
35
TENURE
1.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
X
Management checks
We assess Guangdong Tannery'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. Guangdong Tannery 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

If You Had Bought Guangdong Tannery Stock A Year Ago, You'd Be Sitting On A 30% Loss, Today

Because Guangdong Tannery is loss-making, we think the market is probably more focussed on revenue and revenue growth, at least for now. … Generally speaking, companies without profits are expected to grow revenue every year, and at a good clip. … Guangdong Tannery's revenue didn't grow at all in the last year.

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Here's What We Think About Guangdong Tannery Limited's (HKG:1058) CEO Pay

Jun Sun became the CEO of Guangdong Tannery Limited (HKG:1058) in 2010. … This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Jun Sun's Compensation Compare With Similar Sized Companies?

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How Financially Strong Is Guangdong Tannery Limited (HKG:1058)?

Guangdong Tannery Limited (HKG:1058) is a small-cap stock with a market capitalization of HK$301m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health.

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Does Guangdong Tannery Limited's (HKG:1058) Past Performance Indicate A Weaker Future?

In this article, I will take a look at Guangdong Tannery Limited's (HKG:1058) most recent earnings update (31 December 2017) and compare these latest figures against its performance over the past few years, along with how the rest of 1058's industry performed. … View out our latest analysis for Guangdong Tannery? … 1058 is loss-making, with the most recent trailing twelve-month earnings of -HK$99.62m (from 31 December 2017), which compared to last year has become

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Is Guangdong Tannery Limited (HKG:1058) Excessively Paying Its CEO?

Earnings is a powerful indication of 1058's ability to invest shareholders' funds and generate returns. … Most recently, 1058 produced negative earnings of -HK$99.62M , which is a further decline from prior year's loss of -HK$39.99M. … Normally I would use earnings and market cap to account for variations in performance, however, 1058's negative earnings lower the usefulness of my formula.

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Is Guangdong Tannery Limited's (HKG:1058) Balance Sheet A Threat To Its Future?

With this reduction in debt, the current cash and short-term investment levels stands at HK$29.11M , ready to deploy into the business. … Moving onto cash from operations, its small level of operating cash flow means calculating cash-to-debt wouldn't be too useful, though these low levels of cash means that operational efficiency is worth a look. … Maintaining a high level of debt, while revenues are still below costs, can be dangerous as liquidity tends to dry up in unexpected downturns.Next Steps: At its current level of cash flow coverage, 1058 has room for improvement to better cushion for events which may require debt repayment.

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Interested In Guangdong Tannery Limited (HKG:1058)? Here's How It Performed Recently

Investors with a long-term horizong may find it valuable to assess Guangdong Tannery Limited's (SEHK:1058) earnings trend over time and against its industry benchmark as opposed to simply looking at a sincle earnings announcement at one point in time. … For Guangdong Tannery, its most recent trailing-twelve-month earnings is -HK$99.62M, which, in comparison to the prior year's level, has become more negative. … You should continue to research Guangdong Tannery to get a more holistic view of the stock by looking at: Financial Health: Is 1058’s operations financially sustainable?

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Interested In Consumer Sector? Why Guangdong Tannery Limited (HKG:1058) May Be The Entry Point

See our latest analysis for Guangdong Tannery What’s the catalyst for Guangdong Tannery's sector growth? … SEHK:1058 PE PEG Gauge Jan 30th 18 The luxury goods sector's PE is currently hovering around 14.9x, in-line with the Hong Kong stock market PE of 14.5x. … Although it delivered lower growth relative to its consumer discretionary peers in the near term, the market may be pessimistic on the stock, leading to a potential undervaluation.

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Guangdong Tannery Limited's (HKG:1058) Earnings Declined -7.57%, But How Did It Fare Against The Industry?

Analyzing Guangdong Tannery Limited's (SEHK:1058) track record of past performance is a valuable exercise for investors. … View our latest analysis for Guangdong Tannery Commentary On 1058's Past Performance I like to use the ‘latest twelve-month’ data, which annualizes the most recent half-year data, or in some cases, the latest annual report is already the most recent financial year data. … Though Guangdong Tannery's past data is helpful, it is only one aspect of my investment thesis.

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Is Guangdong Tannery Limited's (HKG:1058) Balance Sheet Strong Enough To Weather A Storm?

How does 1058’s operating cash flow stack up against its debt? … Additionally, 1058 has generated HK$17.9M in operating cash flow over the same time period, resulting in an operating cash to total debt ratio of 0.08x, signalling that 1058’s current level of operating cash is not high enough to cover debt. … 1058’s high debt levels is not met with high cash flow coverage.

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Company Info

Description

Guangdong Tannery Limited, an investment holding company, processes and sells semi-finished and finished leather in Mainland China. It is also involved in the leasing of plant and machinery; processing of cowhides; and trading of leather. The company was founded in 1995 and is based in Central, Hong Kong. Guangdong Tannery Limited is a subsidiary of GDH Limited.

Details
Name: Guangdong Tannery Limited
1058
Exchange: SEHK
Founded: 1995
HK$295,910,450
538,019,000
Website: http://www.gdtann.com.hk
Address: Guangdong Tannery Limited
Guangdong Investment Tower,
29th Floor,
Central,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1058 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 18. Dec 1996
Number of employees
Current staff
Staff numbers
393
Guangdong Tannery employees.
Industry
Apparel, Accessories and Luxury Goods
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 12:37
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2018/03/23
Last earnings filing: 2019/03/28
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.