Haier Electronics Group
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Haier Electronics Group Co., Ltd., an investment holding company, engages in the research, development, production, and sale of washing machines and water heaters under the brand name of Haier, Casarte, and Leader in the People’s Republic of China. The last earnings update was 22 days ago. More info.
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1169 Share Price and Events
7 Day Returns
1 Year Returns
1169 Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Haier Electronics Group (1169) | 2% | -6.3% | 8.7% | -11% | 57.9% | 18.4% |
| HK Consumer Durables | -1.4% | 2.2% | 21.2% | -1.8% | 36.5% | 40% |
| HK Market | -0.2% | 1.9% | 13% | -3.9% | 28.2% | 20.5% |
1 Year Return vs Industry and Market
- 1169 underperformed the Consumer Durables industry which returned -1.8% over the past year.
- 1169 underperformed the Market in Hong Kong which returned -3.9% over the past year.
Value
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
Haier Electronics Group
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Haier Electronics Group.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 14 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 8.3% |
| Perpetual Growth Rate | 10-Year HK Government Bond Rate | 2% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year HK Govt Bond Rate | 2% |
| Equity Risk Premium | S&P Global | 6.7% |
| Consumer Durables Unlevered Beta | Simply Wall St/ S&P Global | 0.92 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.921 (1 + (1- 25%) (0.17%)) |
0.948 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.95 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (0.948 * 6.65%) |
8.3% |
Discounted Cash Flow Calculation for SEHK:1169 using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Haier Electronics Group 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.
| Levered FCF (CNY, Millions) | Source |
Present Value Discounted (@ 8.3%) |
|
|---|---|---|---|
| 2019 | 5,378.52 | Analyst x3 | 4,966.09 |
| 2020 | 3,782.76 | Analyst x4 | 3,224.88 |
| 2021 | 3,732.48 | Analyst x2 | 2,938.02 |
| 2022 | 3,719.93 | Est @ -0.34% | 2,703.61 |
| 2023 | 3,733.53 | Est @ 0.37% | 2,505.42 |
| 2024 | 3,765.51 | Est @ 0.86% | 2,333.12 |
| 2025 | 3,810.72 | Est @ 1.2% | 2,180.08 |
| 2026 | 3,865.65 | Est @ 1.44% | 2,041.93 |
| 2027 | 3,927.88 | Est @ 1.61% | 1,915.70 |
| 2028 | 3,995.74 | Est @ 1.73% | 1,799.37 |
| Present value of next 10 years cash flows | CN¥26,608.22 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= CN¥3,995.74 × (1 + 2%) ÷ (8.3% – 2%) |
CN¥64,676.26 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= CN¥64,676.26 ÷ (1 + 8.3%)10 |
CN¥29,125.10 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= CN¥26,608.22 + CN¥29,125.10 |
CN¥55,733.32 |
| Equity Value per Share (CNY) |
= Total value / Shares Outstanding
= CN¥55,733.32 / 2,801.20 |
CN¥19.9 |
| Calculation | Result | |
|---|---|---|
| Exchange Rate | CNY/HKD
(Reporting currency to currency of SEHK:1169) |
1.173 |
| Value per Share (HKD) |
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥19.9 x 1.173 |
HK$23.34 |
| Value per share (HKD) | From above. | HK$23.34 |
| Current discount | Discount to share price of
HK$23.15
= -1 x (HK$23.15 - HK$23.34) / HK$23.34 |
0.8% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Haier Electronics Group's share price is below the future cash flow value, but not at a moderate discount (< 20%).
- Haier Electronics Group's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Haier Electronics Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Haier Electronics Group's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in CNY | CN¥1.36 |
| SEHK:1169 Share Price ** | SEHK (2019-04-18) in HKD | HK$23.15 |
| SEHK:1169 Share Price converted to CNY reporting currency | Exchange rate (HKD/ CNY) 0.853 | CN¥19.74 |
| Hong Kong Consumer Durables Industry PE Ratio | Median Figure of 27 Publicly-Listed Consumer Durables Companies | 12x |
| Hong Kong Market PE Ratio | Median Figure of 1,475 Publicly-Listed Companies | 11.98x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Haier Electronics Group.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = SEHK:1169 Share Price ÷ EPS (both in CNY) = 19.74 ÷ 1.36 |
14.55x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Haier Electronics Group is overvalued based on earnings compared to the HK Consumer Durables industry average.
- Haier Electronics Group is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does
Haier Electronics Group's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 14.55x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts |
9.3%per year |
| Hong Kong Consumer Durables Industry PEG Ratio | Median Figure of 7 Publicly-Listed Consumer Durables Companies | 0.82x |
| Hong Kong Market PEG Ratio | Median Figure of 463 Publicly-Listed Companies | 0.87x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 14.55x ÷ 9.3% |
1.56x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Haier Electronics Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Haier Electronics Group's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in CNY | CN¥8.50 |
| SEHK:1169 Share Price * | SEHK (2019-04-18) in HKD | HK$23.15 |
| SEHK:1169 Share Price converted to CNY reporting currency | Exchange rate (HKD/ CNY) 0.853 | CN¥19.74 |
| Hong Kong Consumer Durables Industry PB Ratio | Median Figure of 42 Publicly-Listed Consumer Durables Companies | 1.05x |
| Hong Kong Market PB Ratio | Median Figure of 2,150 Publicly-Listed Companies | 1.03x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = SEHK:1169 Share Price ÷ Book Value per Share (both in CNY) = 19.74 ÷ 8.50 |
2.32x |
* Primary Listing of Haier Electronics Group.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Haier Electronics Group is overvalued based on assets compared to the HK Consumer Durables industry average.
Value checks
We assess Haier Electronics Group's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Consumer Durables industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Consumer Durables industry average (and greater than 0)? (1 check) Haier Electronics Group 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
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!
Earnings growth vs Low Risk Savings
- Haier Electronics Group's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
- Haier Electronics Group's earnings growth is positive but not above the Hong Kong market average.
- Haier Electronics Group's revenue growth is positive but not above the Hong Kong market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| SEHK:1169 Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts | 9.3% |
| SEHK:1169 Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 14 Analysts | 5.7% |
| Hong Kong Consumer Durables Industry Earnings Growth Rate | Market Cap Weighted Average | 15.9% |
| Hong Kong Consumer Durables Industry Revenue Growth Rate | Market Cap Weighted Average | 9.5% |
| Hong Kong Market Earnings Growth Rate | Market Cap Weighted Average | 11.7% |
| Hong Kong Market Revenue Growth Rate | Market Cap Weighted Average | 11.3% |
*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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 14 Analyst Estimates (S&P Global) | See Below |
| Date (Data in CNY Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2022-12-31 | 99,363 | 1 | ||
| 2021-12-31 | 101,754 | 5,707 | 4,906 | 7 |
| 2020-12-31 | 97,024 | 5,036 | 4,678 | 14 |
| 2019-12-31 | 89,041 | 4,684 | 4,131 | 13 |
| Date (Data in CNY Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 85,250 | 3,790 | |
| 2018-09-30 | 85,295 | 3,741 | |
| 2018-06-30 | 85,297 | 4,174 | 3,678 |
| 2018-03-31 | 82,048 | 4,174 | 3,518 |
| 2017-12-31 | 78,798 | 4,173 | 3,358 |
| 2017-09-30 | 74,817 | 4,240 | 3,173 |
| 2017-06-30 | 70,878 | 4,307 | 3,003 |
| 2017-03-31 | 67,367 | 3,951 | 2,894 |
| 2016-12-31 | 63,855 | 3,594 | 2,785 |
| 2016-09-30 | 62,071 | 3,192 | 2,761 |
| 2016-06-30 | 60,286 | 2,789 | 2,736 |
| 2016-03-31 | 61,556 | 2,660 | 2,720 |
*GAAP earnings excluding extraordinary items.
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 14 Analyst Estimates (S&P Global) | See Below |
All data from Haier Electronics Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in CNY Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2022-12-31 | 1.84 | 1.84 | 1.84 | 1.00 |
| 2021-12-31 | 1.83 | 2.04 | 1.70 | 4.00 |
| 2020-12-31 | 1.69 | 1.87 | 1.50 | 10.00 |
| 2019-12-31 | 1.53 | 1.70 | 1.40 | 7.00 |
| Date (Data in CNY Millions) | EPS * |
|---|---|
| 2018-12-31 | 1.36 |
| 2018-09-30 | 1.34 |
| 2018-06-30 | 1.32 |
| 2018-03-31 | 1.26 |
| 2017-12-31 | 1.21 |
| 2017-09-30 | 1.14 |
| 2017-06-30 | 1.08 |
| 2017-03-31 | 1.04 |
| 2016-12-31 | 1.00 |
| 2016-09-30 | 0.99 |
| 2016-06-30 | 0.98 |
| 2016-03-31 | 0.98 |
*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.
- Haier Electronics Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
Future performance checks
We assess Haier Electronics Group's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Haier Electronics Group 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.
Past Performance
How has Haier Electronics Group 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
Past Earnings growth analysis
- Haier Electronics Group's year on year earnings growth rate has been positive over the past 5 years.
- Haier Electronics Group's 1-year earnings growth exceeds its 5-year average (12.8% vs 11.7%)
- Haier Electronics Group's earnings growth has exceeded the HK Consumer Durables industry average in the past year (12.8% vs 12.3%).
Earnings and Revenue History
All data from Haier Electronics Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in CNY Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 85,250.04 | 3,789.68 | 11,434.76 | |
| 2018-09-30 | 85,295.39 | 3,741.31 | 11,437.00 | |
| 2018-06-30 | 85,296.99 | 3,678.31 | 11,442.02 | |
| 2018-03-31 | 82,047.65 | 3,518.31 | 10,832.03 | |
| 2017-12-31 | 78,798.32 | 3,358.30 | 10,222.05 | |
| 2017-09-30 | 74,816.52 | 3,173.46 | 9,582.69 | |
| 2017-06-30 | 70,878.47 | 3,003.25 | 8,940.57 | |
| 2017-03-31 | 67,366.67 | 2,894.30 | 8,532.48 | |
| 2016-12-31 | 63,854.88 | 2,785.36 | 8,124.40 | |
| 2016-09-30 | 62,070.58 | 2,760.86 | 7,675.94 | |
| 2016-06-30 | 60,286.28 | 2,736.37 | 7,227.49 | |
| 2016-03-31 | 61,556.20 | 2,719.68 | 7,274.21 | |
| 2015-12-31 | 62,826.12 | 2,703.00 | 7,320.93 | |
| 2015-09-30 | 64,177.59 | 2,634.42 | 7,195.60 | |
| 2015-06-30 | 65,529.06 | 2,565.85 | 7,070.27 | |
| 2015-03-31 | 66,331.51 | 2,506.23 | 7,010.22 | |
| 2014-12-31 | 67,133.96 | 2,446.61 | 6,950.17 | |
| 2014-09-30 | 66,677.52 | 2,319.61 | 6,867.45 | |
| 2014-06-30 | 66,221.07 | 2,192.61 | 6,784.72 | |
| 2014-03-31 | 64,242.12 | 2,114.75 | 6,705.06 | |
| 2013-12-31 | 62,263.16 | 2,036.88 | 6,625.39 | |
| 2013-09-30 | 60,276.80 | 1,920.71 | 6,751.05 | |
| 2013-06-30 | 58,290.44 | 1,804.54 | 6,876.70 | |
| 2013-03-31 | 56,952.74 | 1,749.83 | 6,799.36 | |
| 2012-12-31 | 55,615.05 | 1,695.12 | 6,722.01 | |
| 2012-09-30 | 53,867.01 | 1,613.23 | 6,669.56 | |
| 2012-06-30 | 52,118.97 | 1,531.34 | 6,617.11 |
*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.
- Haier Electronics Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Haier Electronics Group used its assets more efficiently than the HK Consumer Durables industry average last year based on Return on Assets.
- Haier Electronics Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Haier Electronics Group's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Consumer Durables industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Haier Electronics Group has a total score of 4/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is Haier Electronics Group'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 Haier Electronics Group's finances.
The net worth of a company is the difference between its assets and liabilities.
- Haier Electronics Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Haier Electronics Group's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 395.6x 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.
All data from Haier Electronics Group Company Filings, last reported 3 months ago.
| Date (Data in CNY Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 25,748.28 | 92.37 | 19,042.89 |
| 2018-09-30 | 25,748.28 | 92.37 | 19,042.89 |
| 2018-06-30 | 24,307.90 | 90.07 | 17,644.56 |
| 2018-03-31 | 24,307.90 | 90.07 | 17,644.56 |
| 2017-12-31 | 23,092.59 | 192.62 | 17,075.92 |
| 2017-09-30 | 23,092.59 | 192.62 | 17,075.92 |
| 2017-06-30 | 20,957.83 | 234.61 | 14,760.60 |
| 2017-03-31 | 20,957.83 | 234.61 | 14,760.60 |
| 2016-12-31 | 18,397.97 | 1,340.98 | 13,221.96 |
| 2016-09-30 | 18,397.97 | 1,340.98 | 13,221.96 |
| 2016-06-30 | 16,598.45 | 1,274.23 | 11,397.21 |
| 2016-03-31 | 16,598.45 | 1,274.23 | 11,397.21 |
| 2015-12-31 | 15,722.26 | 1,248.01 | 10,583.01 |
| 2015-09-30 | 15,722.26 | 1,248.01 | 10,583.01 |
| 2015-06-30 | 14,198.43 | 1,237.86 | 9,891.39 |
| 2015-03-31 | 14,198.43 | 1,237.86 | 9,891.39 |
| 2014-12-31 | 12,102.04 | 1,825.62 | 11,202.85 |
| 2014-09-30 | 12,102.04 | 1,825.62 | 11,202.85 |
| 2014-06-30 | 10,549.98 | 1,852.01 | 10,072.24 |
| 2014-03-31 | 10,549.98 | 1,852.01 | 10,072.24 |
| 2013-12-31 | 8,057.66 | 915.77 | 6,848.95 |
| 2013-09-30 | 8,057.66 | 915.77 | 6,848.95 |
| 2013-06-30 | 6,616.51 | 814.96 | 5,840.66 |
| 2013-03-31 | 6,616.51 | 814.96 | 5,840.66 |
| 2012-12-31 | 5,840.23 | 798.98 | 5,368.96 |
| 2012-09-30 | 5,840.23 | 798.98 | 5,368.96 |
| 2012-06-30 | 5,087.09 | 746.23 | 4,284.23 |
- Haier Electronics Group's level of debt (0.4%) 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 (11.5% vs 0.4% today).
- Debt is well covered by operating cash flow (4519.1%, greater than 20% of total debt).
- Haier Electronics Group earns more interest than it pays, coverage of interest payments is not a concern.
Financial health checks
We assess Haier Electronics Group's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Haier Electronics Group has a total score of 6/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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 Haier Electronics Group'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
If you bought
HK$2,000 of
Haier Electronics Group
shares you are expected to receive
HK$33
in your first year as a dividend.
Dividend Amount
- Haier Electronics Group's pays a lower dividend yield than the bottom 25% of dividend payers in Hong Kong (1.95%).
- Haier Electronics Group's dividend is below the markets top 25% of dividend payers in Hong Kong (5.27%).
Upcoming dividend payment
Purchase Haier Electronics Group before the 'Buy Limit' to receive their next dividend payment.
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.
| 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 14 Analyst Estimates (S&P Global) | See Below |
| Hong Kong Consumer Durables Industry Average Dividend Yield | Market Cap Weighted Average of 16 Stocks | 2% |
| 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.
| Date (Data in CN¥) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2022-12-31 | ||
| 2021-12-31 | 0.55 | 8.00 |
| 2020-12-31 | 0.47 | 12.00 |
| 2019-12-31 | 0.38 | 12.00 |
| Date (Data in CN¥) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-03-27 | 0.324 | 1.631 |
| 2018-04-26 | 0.234 | 1.344 |
| 2018-03-21 | 0.232 | 1.056 |
| 2017-04-27 | 0.136 | 0.786 |
| 2017-03-22 | 0.150 | 0.945 |
| 2016-05-12 | 0.101 | 0.920 |
| 2015-05-22 | 0.088 | 0.743 |
| 2014-05-05 | 0.079 | 0.484 |
| 2010-04-29 | 0.000 | 0.000 |
| 2010-04-20 | 0.000 | 0.000 |
| 2009-08-18 | 0.000 | 0.000 |
| 2009-08-10 | 0.000 | 0.000 |
| 2009-04-24 | 0.000 | 0.000 |
| 2009-04-20 | 0.000 | 0.000 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Whilst dividend payments have been stable, Haier Electronics Group has been paying a dividend for less than 10 years.
- Dividend payments have increased, but Haier Electronics Group only paid a dividend in the past 5 years.
Income/ dividend checks
We assess Haier Electronics Group's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Haier Electronics Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Haier Electronics Group has a total score of 2/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| AGE | 51 |
| TENURE AS CEO | 0.1 years |
CEO Bio
Mr. Xie Ju Zhi has been Chief Executive Officer and Executive Director of Haier Electronics Group Co., Ltd. since March 27, 2019 and served as its Vice President since July 2012 to March 27, 2019. Mr. Xie served as Deputy Director of Marketing Center at Haier Group from January 1994 to December 1997; Head of Electrothermal Division from January 1998 to January 2000; East China Marketing Director from February 2000 to9 July 2002; Corporate General Manager of Customer Services from August 2002 to June 2012 and served as the General Manager of the Customer Service Operation Company of Haier Group since August 2002. He has over ten years of experience in service management. He serves as Vice Chairman of Presidium of China National Household Electric Appliances Service & Maintenance Association. He graduated from Shandong Economics College in July 1989 specialised in Economics and Management. Mr. Xie was awarded honorary titles including the Gold Award of Outstanding Contribution Award of China’s Home Appliance Services Industry and Outstanding Entrepreneur of Shandong Province. He graduated from Shandong University of Finance and Economics in July 1989 with a Bachelor’s degree.
CEO Compensation
- Insufficient data for Ju Zhi to compare compensation growth.
- Insufficient data for Ju Zhi to establish whether their remuneration is reasonable compared to companies of similar size in Hong Kong.
Management Team Tenure
Average tenure and age of the Haier Electronics Group management team in years:
- The average tenure for the Haier Electronics Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Yunjie Zhou
Chairman
CN¥12M
52
Hua Gang Li
Executive Director
CN¥335K
49
Ju Zhi Xie
CEO & Executive Director
51
0.1 yrs
Bo Zhan
Chief Financial Officer
38
5.4 yrs
Chi Yin Ng
Company Secretary
52
10.1 yrs
Wu Kesong
Senior Consultant
CN¥1M
67
6.3 yrs
Chun Hua Cao
Senior Consultant
49
9.4 yrs
Board of Directors Tenure
Average tenure and age of the Haier Electronics Group board of directors in years:
- The tenure for the Haier Electronics Group board of directors is about average.
Board of Directors
Hua Gang Li
Executive Director
CN¥335K
49
0.1 yrs
Ju Zhi Xie
CEO & Executive Director
51
0.1 yrs
David Yu
Independent Non-Executive Director
CN¥726K
70
11.8 yrs
Yunjie Zhou
Chairman
CN¥12M
52
5.8 yrs
Eva Cheng
Independent Non-Executive Director
CN¥652K
66
5.8 yrs
Hai Shan Liang
Non-Executive Director
CN¥142K
52
17.3 yrs
Han Hua Wang
Non Executive Director
CN¥509K
53
5.8 yrs
Guang Yang
Non-Executive Director
41
0.9 yrs
Shao-Lin Gong
Independent Non-Executive Director
63
0.8 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (HK$) | Value (HK$) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 04. Jan 19 | Buy | Qingdao Haier Co., Ltd. | Company | 02. Jan 19 | 02. Jan 19 | 1,000,000 | HK$18.84 | HK$18,835,999 | ||
| 04. Jan 19 | Buy | Qingdao Haier Co., Ltd. | Company | 03. Jan 19 | 03. Jan 19 | 749,000 | HK$18.49 | HK$13,852,078 | ||
| 01. Aug 18 | Buy | Qingdao Haier Co., Ltd. | Company | 27. Jul 18 | 27. Jul 18 | 3,794,000 | HK$23.86 | HK$90,524,850 | ||
Management checks
We assess Haier Electronics Group's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Haier Electronics Group 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
Calculating The Fair Value Of Haier Electronics Group Co., Ltd. (HKG:1169)
Today we will run through one way of estimating the intrinsic value of Haier Electronics Group Co., Ltd. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model. … We're using the 2-stage growth model, which simply means we take in account two stages of company's growth
Simply Wall St - – Full articleWill Haier Electronics Group Co., Ltd.'s (HKG:1169) Earnings Grow In The Next Couple Of Years?
Haier Electronics Group Co., Ltd.'s (HKG:1169) latest earnings update in December 2018a
Simply Wall St - – Full articleIs Haier Electronics Group Co., Ltd. (HKG:1169) Potentially Undervalued?
Haier Electronics Group Co., Ltd. … As a mid-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock? … Let’s take a look at Haier Electronics Group’s outlook and value based on the most recent financial data to see if the opportunity still exists
Simply Wall St - – Full articleDid You Miss Haier Electronics Group's (HKG:1169) 89% Share Price Gain?
(HKG:1169) shareholders have seen the share price rise 89% over three years, well in excess of the market return (29%, not including dividends). … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … During three years of share price growth, Haier Electronics Group achieved compound earnings per share growth of 11% per year.
Simply Wall St - – Full articleWhat Kind Of Shareholder Appears On The Haier Electronics Group Co., Ltd.'s (HKG:1169) Shareholder Register?
If you want to know who really controls Haier Electronics Group Co., Ltd. … Haier Electronics Group is a pretty big company. … institutions are noticeable on the share registry.
Simply Wall St - – Full articleIs Haier Electronics Group Co., Ltd. (HKG:1169) Potentially Underrated?
(HKG:1169) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective. … In the case of 1169, it
Simply Wall St - – Full articleHaier Electronics Group Co., Ltd. (HKG:1169) Earns A Nice Return On Capital Employed
Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Return On Capital Employed (ROCE): What is it? … How Do You Calculate Return On Capital Employed
Simply Wall St - – Full articleDespite Its High P/E Ratio, Is Haier Electronics Group Co., Ltd. (HKG:1169) Still Undervalued?
To keep it practical, we'll show how Haier Electronics Group Co., Ltd.'s (HKG:1169) P/E ratio could help you assess the value on offer. … Haier Electronics Group has a P/E ratio of 14.9, based on the last twelve months. … Price to Earnings Ratio = Price per Share (in the reporting currency) ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleConsider These Factors, Then Buy Haier Electronics Group Co., Ltd. (HKG:1169)
High quality stocks such as Haier Electronics Group Co., Ltd. … View our latest analysis for Haier Electronics Group. … Haier Electronics Group Co., Ltd., an investment holding company, engages in the research, development, production, and sale of washing machines and water heaters under the brand name of Haier, Casarte, and Leader in the People’s Republic of China
Simply Wall St - – Full articleHaier Electronics Group Co., Ltd.'s (HKG:1169) Most Important Factor To Consider
I will take you through Haier Electronics Group’s cash flow health and the risk-return concept based on the stock’s cash flow yield, using the most recent financial data. … What is free cash flow … Free cash flow (FCF) is the amount of cash Haier Electronics Group has left after it pays off its expenses, including its net capital expenditures, which is what the company needs to spend each year to maintain or grow its business operations.
Simply Wall St - – Full articleCompany Info
Description
Haier Electronics Group Co., Ltd., an investment holding company, engages in the research, development, production, and sale of washing machines and water heaters under the brand name of Haier, Casarte, and Leader in the People’s Republic of China. It operates through four segments: Washing Machine Business, Water Heater Business, Channel Services, and Logistics Business. The Washing Machine Business segment manufactures and sells washing machines. The Water Heater Business segment manufactures and sells water heaters. The Channel Services Business segment provides sells and distributes home appliances and other products, as well as provides after-sale and other value-added consumer services. The Logistics Business segment provides logistics services under the Gooday brand. It is also involved in the manufacture and sale of accessories for electrical appliances; online sale of home electric appliances; construction of production facilities for washing machines; and export sale of home electric appliances. The company was founded in 1984 and is headquartered in Central, Hong Kong. Haier Electronics Group Co., Ltd. is a subsidiary of Qingdao Haier Co., Ltd.
Details
| Name: | Haier Electronics Group Co., Ltd. |
| 1169 | |
| Exchange: | SEHK |
| Founded: | 1984 |
| HK$64,147,417,666 | |
| 2,801,197,278 | |
| Website: | http://www.haier.hk |
| Address: |
Haier Electronics Group Co., Ltd. The Center, 35th Floor, Central, Hong Kong |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| SEHK | 1169 | Ordinary Shares | The Stock Exchange of Hong Kong Ltd. | HK | HKD | 30. Jan 2005 | |
| OTCPK | HREL.F | Ordinary Shares | Pink Sheets LLC | US | USD | 30. Jan 2005 | |
| DB | HC7B | Ordinary Shares | Deutsche Boerse AG | DE | EUR | 30. Jan 2005 | |
| SHSC | 1169 | Ordinary Shares | Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect | HK | HKD | 30. Jan 2005 | |
| SZSC | 1169 | Ordinary Shares | The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect | HK | HKD | 30. Jan 2005 | |
| OTCPK | HREL.Y | ADR | Pink Sheets LLC | US | USD | 03. Dec 2008 |
Number of employees
Current staff
Industry
| Household Appliances | |
| Consumer Durables |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/18 12:48 |
| End of day share price update: | 2019/04/18 00:00 |
| Last estimates confirmation: | 2019/04/02 |
| Last earnings filing: | 2019/03/27 |
| 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.
