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Haier Electronics Group

SEHK:1169
Snowflake Description

Flawless balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1169
SEHK
HK$64B
Market Cap
  1. Home
  2. HK
  3. Consumer Durables
Company 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. The last earnings update was 22 days ago. More info.


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1169 Share Price and Events
7 Day Returns
2%
SEHK:1169
-1.4%
HK Consumer Durables
-0.2%
HK Market
1 Year Returns
-11%
SEHK:1169
-1.8%
HK Consumer Durables
-3.9%
HK Market
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.
Price Volatility
1169
Industry
5yr Volatility vs Market

Value

 Is Haier Electronics Group 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 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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Haier Electronics Group.

SEHK:1169 Discounted Cash Flow Data Sources
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.

Calculation of Discount Rate/ Cost of Equity for SEHK:1169
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.

SEHK:1169 DCF 1st Stage: Next 10 year cash flow forecast
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
SEHK:1169 DCF 2nd Stage: Terminal Value
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
SEHK:1169 Total Equity Value
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
SEHK:1169 Discount to Share Price
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
Amount off the current price Haier Electronics Group is available for.
Intrinsic value
1%
Share price is HK$23.15 vs Future cash flow value of HK$23.34
Current Discount Checks
For Haier Electronics Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • 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?
Raw Data
SEHK:1169 PE (Price to Earnings) Ratio Data Sources
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.

SEHK:1169 PE (Price to Earnings) Ratio Calculation
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?
Raw Data
SEHK:1169 PEG (Price to Earnings to Growth) Ratio Data Sources
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 .

SEHK:1169 PEG (Price to Earnings to Growth) Ratio Calculation
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?
Raw Data
SEHK:1169 PB (Price to Book) Ratio Data Sources
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
SEHK:1169 PB (Price to Book) Ratio Calculation
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.
X
Value checks
We assess Haier Electronics Group'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 Consumer Durables 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 Consumer Durables industry average (and greater than 0)? (1 check)
  5. 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

 How is Haier Electronics Group expected to perform in the next 1 to 3 years based on estimates from 14 analysts?

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
9.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Haier Electronics Group expected to grow at an attractive rate?
  • 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
Raw Data
SEHK:1169 Future Growth Rates Data Sources
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
Raw Data
SEHK:1169 Analysts Growth Expectations Data Sources
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 numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:1169 Future Estimates Data
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
SEHK:1169 Past Financials Data
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.

Super high growth metrics
High Growth Checks
  • Haier Electronics Group's earnings are expected to grow by 9.3% yearly, however this is not considered high growth (20% yearly).
  • Haier Electronics Group's revenue is expected to grow by 5.7% yearly, however this is not considered high growth (20% yearly).
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:1169 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.

SEHK:1169 Future Estimates Data
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
SEHK:1169 Past Financials Data
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%).
X
Future performance checks
We assess Haier Electronics Group'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.
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
Below we compare Haier Electronics Group's growth in the last year to its industry (Consumer Durables).
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.
  • 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
Haier Electronics Group'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 Haier Electronics Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1169 Past Revenue, Cash Flow and Net Income Data
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).
X
Past performance checks
We assess Haier Electronics Group'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 Consumer Durables 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.
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.
Net Worth
  • 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
This treemap shows a more detailed breakdown of Haier Electronics Group'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 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.
Raw Data

All data from Haier Electronics Group Company Filings, last reported 3 months ago.

SEHK:1169 Past Debt and Equity Data
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.
X
Financial health checks
We assess Haier Electronics Group'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. Haier Electronics Group has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

Dividends

 What is 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
Dividend payments
1.64%
Current annual income from Haier Electronics Group dividends. Estimated to be 2.31% next year.
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
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?
  • 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.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SEHK:1169 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 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.

SEHK:1169 Future Dividends Estimate Data
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
SEHK:1169 Past Annualized Dividends Data
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.
Current Payout to shareholders
What portion of Haier Electronics Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.4x coverage).
X
Income/ dividend checks
We assess Haier Electronics Group'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 Haier Electronics Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. 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

 What is the CEO of Haier Electronics Group'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
Ju Zhi Xie
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:

6.3
Average Tenure
51
Average Age
  • 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

TITLE
Chairman
COMPENSATION
CN¥12M
AGE
52

Hua Gang Li

TITLE
Executive Director
COMPENSATION
CN¥335K
AGE
49

Ju Zhi Xie

TITLE
CEO & Executive Director
AGE
51
TENURE
0.1 yrs

Bo Zhan

TITLE
Chief Financial Officer
AGE
38
TENURE
5.4 yrs

Chi Yin Ng

TITLE
Company Secretary
AGE
52
TENURE
10.1 yrs

Wu Kesong

TITLE
Senior Consultant
COMPENSATION
CN¥1M
AGE
67
TENURE
6.3 yrs

Chun Hua Cao

TITLE
Senior Consultant
AGE
49
TENURE
9.4 yrs
Board of Directors Tenure

Average tenure and age of the Haier Electronics Group board of directors in years:

5.8
Average Tenure
52
Average Age
  • The tenure for the Haier Electronics Group board of directors is about average.
Board of Directors

Hua Gang Li

TITLE
Executive Director
COMPENSATION
CN¥335K
AGE
49
TENURE
0.1 yrs

Ju Zhi Xie

TITLE
CEO & Executive Director
AGE
51
TENURE
0.1 yrs

David Yu

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥726K
AGE
70
TENURE
11.8 yrs

Yunjie Zhou

TITLE
Chairman
COMPENSATION
CN¥12M
AGE
52
TENURE
5.8 yrs

Eva Cheng

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥652K
AGE
66
TENURE
5.8 yrs

Hai Shan Liang

TITLE
Non-Executive Director
COMPENSATION
CN¥142K
AGE
52
TENURE
17.3 yrs

Han Hua Wang

TITLE
Non Executive Director
COMPENSATION
CN¥509K
AGE
53
TENURE
5.8 yrs

Guang Yang

TITLE
Non-Executive Director
AGE
41
TENURE
0.9 yrs

Shao-Lin Gong

TITLE
Independent Non-Executive Director
AGE
63
TENURE
0.8 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$) Value (HK$)
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
X
Management checks
We assess Haier Electronics Group'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. 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 -

Will 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 -

Is 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 -

Did 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 -

What 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 -

Is 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 -

Haier 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 -

Despite 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 -

Consider 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 -

Haier 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 -

Company 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
Staff numbers
16,759
Haier Electronics Group employees.
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.