Haier Electronics Group
Market Cap
HK$58.4b
Last Updated
2020/03/30 13:03 UTC
Data Sources
Company Financials +
Executive Summary
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 Mainland China and internationally.
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with proven track record.
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Share Price & News
How has Haier Electronics Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 1169's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
7.5%
1169
8.0%
HK Consumer Durables
4.0%
HK Market
1 Year Return
-16.4%
1169
-18.6%
HK Consumer Durables
-20.3%
HK Market
Return vs Industry: 1169 exceeded the Hong Kong Consumer Durables industry which returned -18.6% over the past year.
Return vs Market: 1169 exceeded the Hong Kong Market which returned -20.3% over the past year.
Shareholder returns
| 1169 | Industry | Market | |
|---|---|---|---|
| 7 Day | 7.5% | 8.0% | 4.0% |
| 30 Day | -12.3% | -12.8% | -9.6% |
| 90 Day | -19.7% | -18.4% | -16.0% |
| 1 Year | -14.9%-16.4% | -17.0%-18.6% | -17.4%-20.3% |
| 3 Year | 14.1%9.9% | -14.5%-19.9% | -3.2%-13.0% |
| 5 Year | -4.3%-9.2% | -15.4%-24.7% | -7.4%-22.3% |
Price Volatility Vs. Market
How volatile is Haier Electronics Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 days ago | Simply Wall St
Bearish: Analysts Just Cut Their Haier Electronics Group Co., Ltd. (HKG:1169) Revenue and EPS estimates1 week ago | Simply Wall St
Is There An Opportunity With Haier Electronics Group Co., Ltd.'s (HKG:1169) 38% Undervaluation?3 weeks ago | Simply Wall St
Is Haier Electronics Group Co., Ltd.'s (HKG:1169) High P/E Ratio A Problem For Investors?Valuation
Is Haier Electronics Group undervalued compared to its fair value and its price relative to the market?
30.1%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 1169 (HK$19.56) is trading below our estimate of fair value (HK$27.98)
Significantly Below Fair Value: 1169 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 1169 is poor value based on its PE Ratio (12.4x) compared to the Consumer Durables industry average (10.5x).
PE vs Market: 1169 is poor value based on its PE Ratio (12.4x) compared to the Hong Kong market (9x).
Price to Earnings Growth Ratio
PEG Ratio: 1169 is poor value based on its PEG Ratio (1.4x)
Price to Book Ratio
PB vs Industry: 1169 is overvalued based on its PB Ratio (1.7x) compared to the HK Consumer Durables industry average (0.7x).
Next Steps
Future Growth
How is Haier Electronics Group forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
9.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 1169's forecast earnings growth (9.1% per year) is above the savings rate (1.6%).
Earnings vs Market: 1169's earnings (9.1% per year) are forecast to grow slower than the Hong Kong market (12.8% per year).
High Growth Earnings: 1169's earnings are forecast to grow, but not significantly.
Revenue vs Market: 1169's revenue (4.9% per year) is forecast to grow slower than the Hong Kong market (9.9% per year).
High Growth Revenue: 1169's revenue (4.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 1169's Return on Equity is forecast to be low in 3 years time (13.5%).
Next Steps
Past Performance
How has Haier Electronics Group performed over the past 5 years?
11.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 1169 has high quality earnings.
Growing Profit Margin: 1169's current net profit margins (5.3%) are higher than last year (4.4%).
Past Earnings Growth Analysis
Earnings Trend: 1169's earnings have grown by 11.1% per year over the past 5 years.
Accelerating Growth: 1169's earnings growth over the past year (6.6%) is below its 5-year average (11.1% per year).
Earnings vs Industry: 1169 earnings growth over the past year (6.6%) exceeded the Consumer Durables industry 5.9%.
Return on Equity
High ROE: 1169's Return on Equity (14.2%) is considered low.
Next Steps
Financial Health
How is Haier Electronics Group's financial position?
Financial Position Analysis
Short Term Liabilities: 1169's short term assets (CN¥35.5B) exceed its short term liabilities (CN¥19.0B).
Long Term Liabilities: 1169's short term assets (CN¥35.5B) exceed its long term liabilities (CN¥1.4B).
Debt to Equity History and Analysis
Debt Level: 1169's debt to equity ratio (0.3%) is considered satisfactory.
Reducing Debt: 1169's debt to equity ratio has reduced from 15% to 0.3% over the past 5 years.
Debt Coverage: 1169's debt is well covered by operating cash flow (5815.7%).
Interest Coverage: 1169 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: 1169 has a high level of physical assets or inventory.
Debt Coverage by Assets: 1169's debt is covered by short term assets (assets are 439.2x debt).
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Dividend
What is Haier Electronics Group's current dividend yield, its reliability and sustainability?
2.50%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: 1169's dividend (2.5%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.67%).
High Dividend: 1169's dividend (2.5%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.29%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, 1169 has been paying a dividend for less than 10 years.
Growing Dividend: 1169's dividend payments have increased, but the company has only paid a dividend for 6 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (30.4%), 1169's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 1169's dividends in 3 years are forecast to be well covered by earnings (36.2% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
7.3yrs
Average management tenure
CEO
Ju Zhi Xie (52yo)
1
Tenure
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 ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 6.75yrs | CN¥15.56m | 0.33% CN¥193.4m | |
| Executive Director | 1yr | CN¥3.83m | 0.012% CN¥7.0m | |
| CEO & Executive Director | 1yr | no data | 0.016% CN¥9.3m | |
| Chief Financial Officer | 6.33yrs | no data | no data | |
| Company Secretary | 11yrs | no data | no data | |
| Senior Consultant | 7.25yrs | CN¥1.21m | no data | |
| Senior Consultant | 10.33yrs | no data | no data |
7.3yrs
Average Tenure
52yo
Average Age
Experienced Management: 1169's management team is seasoned and experienced (7.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 6.75yrs | CN¥15.56m | 0.33% CN¥193.4m | |
| Executive Director | 1yr | CN¥3.83m | 0.012% CN¥7.0m | |
| CEO & Executive Director | 1yr | no data | 0.016% CN¥9.3m | |
| Independent Non-Executive Director | 6.75yrs | CN¥601.00k | 0.0086% CN¥5.0m | |
| Non-Executive Director | 18.25yrs | CN¥142.00k | no data | |
| Independent Non-Executive Director | 12.75yrs | CN¥678.00k | 0.018% CN¥10.6m | |
| Independent Non-Executive Director | 0.58yr | no data | no data | |
| Independent Non-Executive Director | 1.75yrs | CN¥128.00k | no data | |
| Non-Executive Director | 1.83yrs | CN¥45.00k | no data |
1.8yrs
Average Tenure
53yo
Average Age
Experienced Board: 1169's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Haier Electronics Group Co., Ltd.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Haier Electronics Group Co., Ltd.
- Ticker: 1169
- Exchange: SEHK
- Founded: 1984
- Industry: Household Appliances
- Sector: Consumer Durables
- Market Cap: HK$58.364b
- Shares outstanding: 2.80b
- Website: https://www.haier.hk
Number of Employees
Location
- Haier Electronics Group Co., Ltd.
- The Center
- 35th Floor
- Central
- Hong Kong
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| HREL.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jan 2005 |
| 1169 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Jan 2005 |
| HC7B | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jan 2005 |
| 1169 | SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect) | Yes | Ordinary Shares | HK | HKD | Jan 2005 |
| 1169 | SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect) | Yes | Ordinary Shares | HK | HKD | Jan 2005 |
| HREL.Y | OTCPK (Pink Sheets LLC) | ADR | US | USD | Dec 2008 |
Biography
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 Mainland China and internationally. It operates through four segments: Washing Machine Business, Water Heater Business, Channel Services Business, 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 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. The company 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.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/03/30 13:03 |
| End of Day Share Price | 2020/03/30 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.