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China Lilang

SEHK:1234
Snowflake Description

Flawless balance sheet with solid track record and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1234
SEHK
HK$8B
Market Cap
  1. Home
  2. HK
  3. Consumer Durables
Company description

China Lilang Limited, together with its subsidiaries, engages in the manufacture and wholesale of branded menswear and related accessories in the People’s Republic of China. The last earnings update was 124 days ago. More info.


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  • China Lilang has significant price volatility in the past 3 months.
1234 Share Price and Events
7 Day Returns
-0.3%
SEHK:1234
-2.2%
HK Luxury
-1.1%
HK Market
1 Year Returns
-35.1%
SEHK:1234
-5.8%
HK Luxury
-6.5%
HK Market
1234 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
China Lilang (1234) -0.3% 0.6% -22.6% -35.1% 36.1% 35.5%
HK Luxury -2.2% 6.1% -5.4% -5.8% 23% 1.5%
HK Market -1.1% 3.4% -7.7% -6.5% 17.4% 4.2%
1 Year Return vs Industry and Market
  • 1234 underperformed the Luxury industry which returned -5.8% over the past year.
  • 1234 underperformed the Market in Hong Kong which returned -6.5% over the past year.
Price Volatility
1234
Industry
5yr Volatility vs Market

Value

 Is China Lilang 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 China Lilang 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 China Lilang.

SEHK:1234 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.2%
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:1234
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.813 (1 + (1- 25%) (0%))
0.875
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.87
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (0.875 * 5.96%)
7.22%

Discounted Cash Flow Calculation for SEHK:1234 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for China Lilang 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:1234 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 7.22%)
2020 1,076.00 Analyst x2 1,003.59
2021 649.50 Analyst x2 565.02
2022 428.50 Est @ -34.03% 347.68
2023 329.01 Est @ -23.22% 248.99
2024 277.52 Est @ -15.65% 195.89
2025 248.78 Est @ -10.36% 163.79
2026 232.24 Est @ -6.65% 142.61
2027 222.83 Est @ -4.05% 127.62
2028 217.85 Est @ -2.24% 116.37
2029 215.75 Est @ -0.96% 107.49
Present value of next 10 years cash flows CN¥3,019.05
SEHK:1234 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥215.75 × (1 + 2%) ÷ (7.22% – 2%)
CN¥4,222.22
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥4,222.22 ÷ (1 + 7.22%)10
CN¥2,103.68
SEHK:1234 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥3,019.05 + CN¥2,103.68
CN¥5,122.73
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥5,122.73 / 1,197.48
CN¥4.28
SEHK:1234 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:1234)
1.137
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥4.28 x 1.137
HK$4.86
Value per share (HKD) From above. HK$4.86
Current discount Discount to share price of HK$6.94
= -1 x (HK$6.94 - HK$4.86) / HK$4.86
-42.7%

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

  • The current share price of China Lilang is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 China Lilang's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are China Lilang's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:1234 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥0.63
SEHK:1234 Share Price ** SEHK (2019-07-15) in HKD HK$6.94
SEHK:1234 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.879 CN¥6.1
Hong Kong Luxury Industry PE Ratio Median Figure of 75 Publicly-Listed Luxury Companies 9.78x
Hong Kong Market PE Ratio Median Figure of 1,503 Publicly-Listed Companies 10.71x

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

** Primary Listing of China Lilang.

SEHK:1234 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1234 Share Price ÷ EPS (both in CNY)

= 6.1 ÷ 0.63

9.73x

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

  • China Lilang is good value based on earnings compared to the HK Luxury industry average.
  • China Lilang is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does China Lilang's expected growth come at a high price?
Raw Data
SEHK:1234 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.73x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
16.7%per year
Hong Kong Luxury Industry PEG Ratio Median Figure of 22 Publicly-Listed Luxury Companies 0.97x
Hong Kong Market PEG Ratio Median Figure of 477 Publicly-Listed Companies 0.79x

*Line of best fit is calculated by linear regression .

SEHK:1234 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.73x ÷ 16.7%

0.58x

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

  • China Lilang is good value based on expected growth next year.
Price based on value of assets
What value do investors place on China Lilang's assets?
Raw Data
SEHK:1234 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥2.84
SEHK:1234 Share Price * SEHK (2019-07-15) in HKD HK$6.94
SEHK:1234 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.879 CN¥6.1
Hong Kong Luxury Industry PB Ratio Median Figure of 123 Publicly-Listed Luxury Companies 0.98x
Hong Kong Market PB Ratio Median Figure of 2,190 Publicly-Listed Companies 0.92x
SEHK:1234 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1234 Share Price ÷ Book Value per Share (both in CNY)

= 6.1 ÷ 2.84

2.15x

* Primary Listing of China Lilang.

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

  • China Lilang is overvalued based on assets compared to the HK Luxury industry average.
X
Value checks
We assess China Lilang'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. China Lilang has a total score of 3/6, 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 China Lilang expected to perform in the next 1 to 3 years based on estimates from 5 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
16.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is China Lilang expected to grow at an attractive rate?
  • China Lilang's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • China Lilang's earnings growth is expected to exceed the Hong Kong market average.
  • China Lilang's revenue growth is expected to exceed the Hong Kong market average.
Annual Growth Rates Comparison
Raw Data
SEHK:1234 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:1234 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 16.7%
SEHK:1234 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 16.9%
Hong Kong Luxury Industry Earnings Growth Rate Market Cap Weighted Average 15.8%
Hong Kong Luxury Industry Revenue Growth Rate Market Cap Weighted Average 11.6%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.2%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.2%

*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:1234 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:1234 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 5,302 937 1,252 4
2020-12-31 4,446 1,033 1,049 5
2019-12-31 3,777 1,013 896 5
SEHK:1234 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 3,168 446 751
2018-09-30 2,940 487 716
2018-06-30 2,712 528 681
2018-03-31 2,576 507 646
2017-12-31 2,441 486 611
2017-09-30 2,351 491 578
2017-06-30 2,260 495 544
2017-03-31 2,336 470 542
2016-12-31 2,412 446 540
2016-09-30 2,543 495 577
2016-06-30 2,675 544 614
2016-03-31 2,682 606 620

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • China Lilang's earnings are expected to grow by 16.7% yearly, however this is not considered high growth (20% yearly).
  • China Lilang's revenue is expected to grow by 16.9% 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:1234 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

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

SEHK:1234 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 1.04 1.19 0.97 4.00
2020-12-31 0.88 1.00 0.80 5.00
2019-12-31 0.75 0.82 0.71 5.00
SEHK:1234 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 0.63
2018-09-30 0.60
2018-06-30 0.57
2018-03-31 0.54
2017-12-31 0.51
2017-09-30 0.48
2017-06-30 0.45
2017-03-31 0.45
2016-12-31 0.45
2016-09-30 0.48
2016-06-30 0.51
2016-03-31 0.51

*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.
  • China Lilang is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess China Lilang'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.
China Lilang has a total score of 4/6, 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 China Lilang 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 China Lilang'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.
  • China Lilang's year on year earnings growth rate has been positive over the past 5 years.
  • China Lilang's 1-year earnings growth exceeds its 5-year average (22.9% vs 5.2%)
  • China Lilang's earnings growth has exceeded the HK Luxury industry average in the past year (22.9% vs 1.2%).
Earnings and Revenue History
China Lilang'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 China Lilang Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1234 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 3,167.87 751.19 488.50
2018-09-30 2,939.85 716.14 454.44
2018-06-30 2,711.82 681.09 420.38
2018-03-31 2,576.44 646.07 410.77
2017-12-31 2,441.06 611.04 401.15
2017-09-30 2,350.58 577.61 402.25
2017-06-30 2,260.11 544.18 403.34
2017-03-31 2,335.88 542.02 413.51
2016-12-31 2,411.64 539.86 423.67
2016-09-30 2,543.11 577.18 424.83
2016-06-30 2,674.59 614.49 425.98
2016-03-31 2,681.84 619.83 410.58
2015-12-31 2,689.09 625.17 395.18
2015-09-30 2,609.95 604.47 394.88
2015-06-30 2,530.80 583.78 394.59
2015-03-31 2,481.88 569.35 386.62
2014-12-31 2,432.96 554.91 378.64
2014-09-30 2,364.82 538.42 389.48
2014-06-30 2,296.68 521.93 400.33
2014-03-31 2,297.66 519.01 403.32
2013-12-31 2,298.63 516.09 406.30
2013-09-30 2,462.60 553.56 419.30
2013-06-30 2,626.56 591.04 432.29
2013-03-31 2,709.96 608.92 430.13
2012-12-31 2,793.37 626.80 427.96
2012-09-30 2,864.28 649.85 404.43

*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.
  • China Lilang has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • China Lilang used its assets more efficiently than the HK Luxury industry average last year based on Return on Assets.
  • China Lilang's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess China Lilang'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.
China Lilang has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

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

Health

 How is China Lilang'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 China Lilang's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • China Lilang is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • China Lilang's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of China Lilang'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.
  • China Lilang has no debt, it does not need to be covered by short term assets.
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 China Lilang Company Filings, last reported 6 months ago.

SEHK:1234 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 3,399.86 0.00 1,842.85
2018-09-30 3,399.86 0.00 1,842.85
2018-06-30 3,231.25 0.00 1,872.87
2018-03-31 3,231.25 0.00 1,872.87
2017-12-31 3,141.73 0.00 2,011.28
2017-09-30 3,141.73 0.00 2,011.28
2017-06-30 3,048.28 477.34 2,042.96
2017-03-31 3,048.28 477.34 2,042.96
2016-12-31 3,011.56 493.53 2,182.60
2016-09-30 3,011.56 493.53 2,182.60
2016-06-30 2,929.64 460.00 2,021.51
2016-03-31 2,929.64 460.00 2,021.51
2015-12-31 2,911.20 1,004.02 2,191.71
2015-09-30 2,911.20 1,004.02 2,191.71
2015-06-30 2,756.56 904.42 2,026.85
2015-03-31 2,756.56 904.42 2,026.85
2014-12-31 2,697.87 854.59 1,945.18
2014-09-30 2,697.87 854.59 1,945.18
2014-06-30 2,545.47 778.84 1,626.25
2014-03-31 2,545.47 778.84 1,626.25
2013-12-31 2,513.48 562.97 1,595.79
2013-09-30 2,513.48 562.97 1,595.79
2013-06-30 2,393.33 436.10 1,420.88
2013-03-31 2,393.33 436.10 1,420.88
2012-12-31 2,382.01 443.68 1,342.79
2012-09-30 2,382.01 443.68 1,342.79
  • China Lilang has no debt.
  • China Lilang has no debt compared to 5 years ago when it was 22.5%.
  • China Lilang has no debt, it does not need to be covered by operating cash flow.
  • China Lilang has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess China Lilang'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. China Lilang 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 China Lilang's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
7.58%
Current annual income from China Lilang dividends. Estimated to be 10.28% next year.
If you bought HK$2,000 of China Lilang shares you are expected to receive HK$152 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?
  • China Lilang's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.08%).
  • China Lilang's dividend is above the markets top 25% of dividend payers in Hong Kong (5.73%).
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:1234 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 5 Analyst Estimates (S&P Global) See Below
Hong Kong Luxury Industry Average Dividend Yield Market Cap Weighted Average of 57 Stocks 3%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 978 Stocks 3.6%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.2%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.1%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

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

SEHK:1234 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.77 4.00
2020-12-31 0.61 5.00
2019-12-31 0.53 5.00
SEHK:1234 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-04-23 0.463 7.401
2018-08-13 0.417 6.615
2018-04-20 0.353 4.116
2017-03-20 0.319 6.546
2016-08-08 0.359 8.959
2016-03-15 0.358 8.855
2015-08-10 0.336 7.256
2015-04-20 0.320 4.634
2014-08-19 0.299 7.021
2014-08-11 0.301 7.009
2014-04-29 0.302 7.465
2013-08-12 0.327 8.468
2013-03-22 0.347 10.072
2012-08-21 0.352 9.352
2012-08-15 0.361 7.515
2012-03-14 0.332 6.818
2011-08-22 0.186 2.965
2011-05-03 0.197 2.282
2011-03-21 0.170 1.835
2010-08-23 0.100 1.062
2010-03-31 0.110 1.433
2010-03-22 0.110 1.684

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

  • China Lilang has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but China Lilang only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of China Lilang's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.4x coverage).
X
Income/ dividend checks
We assess China Lilang's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can China Lilang afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. China Lilang has a total score of 4/6, see the detailed checks below.


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

Management

 What is the CEO of China Lilang'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
Liang Wang
COMPENSATION CN¥1,313,000
AGE 57
CEO Bio

Mr. Liang Xing Wang co-founded China Lilang Ltd. in April 1995 and serves as its Chief Executive Officer. Mr. Wang is responsible for China Lilang’s overall business development, strategic planning and corporate management. He is also responsible for the corporate development and the internal management system of China Lilang's and recommending the appointment of senior management to the Board. Mr. Wang serves as the President of Lilang Fujian, Lilang China and Lilang Xiamen. From 1995 to 2002, Mr. Wang served as the Chairman of Lilang Fujian and as its President since 2002. From 1987 to 1990, he served as the Factory Manager of Fujian Jinjiang Qing Yang Chen Village Shoes and Hats Factory. From 1990 to 1994, he served as the Chairman of Jinjiang Xiaosheng Apparel Enterprise Limited. He serves as Vice Chairman of Lilang Fujian, Lilang China, Lilang Xiamen and China Lilang Limited. Since 2002, he served as the Vice Chairman of Lilang Fujian. He has been an Executive Director of China Lilang Limited since June 13, 2008. He is Vice Chairman of the Garment and Apparel Industry Association of Fujian Province, Vice-Chairman and Standing Supervisor of the Enterprises Credit Management Association of Quanzhou City and a Supervisor of the Garment Association of the PRC. He was one of 50 persons honoured with a 2005 PRC Enterprises Trademark Award. He completed a high diploma programme for excellent corporate operation and management at the School of Continuing Education of Tsinghua University in 2006.

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

Average tenure and age of the China Lilang management team in years:

9.5
Average Tenure
50
Average Age
  • The average tenure for the China Lilang management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Dong Wang

TITLE
Founder & Chairman
COMPENSATION
CN¥1M
AGE
59
TENURE
24.3 yrs

Liang Wang

TITLE
Vice Chairman & CEO
COMPENSATION
CN¥1M
AGE
57

Cong Wang

TITLE
Vice Chairman
COMPENSATION
CN¥793K
AGE
50

Cheng Hu

TITLE
Executive Director
COMPENSATION
CN¥585K
AGE
74

Rong Cai

TITLE
Executive Director
COMPENSATION
CN¥598K
AGE
50

Rong Pan

TITLE
Executive Director
COMPENSATION
CN¥1M
AGE
46

Yuk Ko

TITLE
CFO & Company Secretary
AGE
57
TENURE
8.3 yrs

Mei Shi

TITLE
Head of the Production Management Department
AGE
42
TENURE
10.7 yrs

Yu Zhang

TITLE
Head of Group Strategy Development Department
AGE
49
TENURE
3.5 yrs

Wei Chen

TITLE
Head of Group Ordering Department
AGE
49
Board of Directors Tenure

Average tenure and age of the China Lilang board of directors in years:

11.1
Average Tenure
54
Average Age
  • The average tenure for the China Lilang board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Dong Wang

TITLE
Founder & Chairman
COMPENSATION
CN¥1M
AGE
59

Liang Wang

TITLE
Vice Chairman & CEO
COMPENSATION
CN¥1M
AGE
57

Cong Wang

TITLE
Vice Chairman
COMPENSATION
CN¥793K
AGE
50

Cheng Hu

TITLE
Executive Director
COMPENSATION
CN¥585K
AGE
74
TENURE
11.1 yrs

Rong Cai

TITLE
Executive Director
COMPENSATION
CN¥598K
AGE
50
TENURE
11.1 yrs

Rong Pan

TITLE
Executive Director
COMPENSATION
CN¥1M
AGE
46
TENURE
11.1 yrs

Xing Nie

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥200K
AGE
54
TENURE
11.1 yrs

Shixian Lai

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥200K
AGE
45
TENURE
6.6 yrs

Hong Te Lu

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥200K
AGE
58
TENURE
11.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
19. Dec 18 Buy Value Partners Hong Kong Limited Company 14. Dec 18 14. Dec 18 476,000 HK$6.73 HK$3,202,481
X
Management checks
We assess China Lilang'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. China Lilang 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

What Should You Know About The Future Of China Lilang Limited's (HKG:1234)?

Looking at China Lilang Limited's (HKG:1234) earnings update on 31 December 2018, … the consensus outlook from analysts appear fairly confident, … the past 5-year average growth rate of 5.2%.

Simply Wall St -

Can China Lilang Limited (HKG:1234) Maintain Its Strong Returns?

Our data shows China Lilang has a return on equity of 21% for the last year. … That means that for every HK$1 worth of shareholders' equity, it generated HK$0.21 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

China Lilang Limited (HKG:1234): Ex-Dividend Is In 2 Days, Should You Buy?

Have you been keeping an eye on China Lilang Limited's (HKG:1234) upcoming dividend of CN¥0.23 per share payable on the 14 September 2018? … Is this future income stream a compelling catalyst for dividend investors to think about the stock as an investment today? … Let's take a look at China Lilang's most recent financial data to examine its dividend characteristics in more detail.

Simply Wall St -

Estimating The Fair Value Of China Lilang Limited (HKG:1234)

Today, I will calculate the stock's intrinsic value. … by taking the expected future cash flows and discounting them to today's value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model

Simply Wall St -

Should China Lilang Limited (HKG:1234) Be Part Of Your Dividend Portfolio?

China Lilang Limited (HKG:1234) has returned to shareholders over the past 8 years, an average dividend yield of 6.00% annually. … Let's take a look at China Lilang in more detail. … See our latest analysis for China Lilang

Simply Wall St -

Why China Lilang Limited's (HKG:1234) Investor Composition Impacts Your Returns

Today, I will be analyzing China Lilang Limited’s (HKG:1234) recent ownership structure, an important but not-so-popular subject among individual investors. … Therefore, it is beneficial for us to examine 1234's ownership structure in more detail. … SEHK:1234 Ownership Summary July 26th 18

Simply Wall St -

China Lilang Limited (HKG:1234): Why Return On Capital Employed Is Important

and want a simplistic look at the return on China Lilang Limited (HKG:1234) stock. … As a result, your investment is being put to work to fund operations and if you want to earn an attractive return on your investment, the business needs to be making an adequate amount of money from the funds you provide … This is because the actual cash flow generated by the business dictates the potential for income (dividends) and capital appreciation (price increases), which are the two ways to achieve positive returns when buying a stock.

Simply Wall St -

China Lilang Limited (HKG:1234): Are Analysts Bullish?

The most recent earnings announcement China Lilang Limited's (HKG:1234) released in December 2017a

Simply Wall St -

Is China Lilang Limited's (HKG:1234) PE Ratio A Signal To Sell For Investors?

The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market. … and want to better understand how you can grow your money by investing in China Lilang Limited (HKG:1234). … China Lilang Limited (HKG:1234) is trading with a trailing P/E of 20x, which is higher than the industry average of 12.8x.

Simply Wall St -

China Lilang Limited (HKG:1234): Dividend Is Coming In 3 Days, Should You Buy?

Check out our latest analysis for China Lilang How I analyze a dividend stock Whenever I am looking at a potential dividend stock investment, I always check these five metrics: Is it the top 25% annual dividend yield payer? … SEHK:1234 Historical Dividend Yield Apr 20th 18 How does China Lilang fare? … Next Steps: With these dividend metrics in mind, I definitely rank China Lilang as a strong income stock, and is worth further research for anyone who considers dividends an important part of their portfolio strategy.

Simply Wall St -

Company Info

Description

China Lilang Limited, together with its subsidiaries, engages in the manufacture and wholesale of branded menswear and related accessories in the People’s Republic of China. The company designs, sources, manufactures, and sells business and casual apparel for men under the LILANZ brand name across a distribution network covering 31 provinces, autonomous regions, and municipalities. It also provides management services. As of December 31, 2018, it had a total of 2,670 retail stores operated through distributors and sub-distributors. The company was founded in 1987 and is headquartered in Jinjiang, the People’s Republic of China. China Lilang Limited is a subsidiary of Xiao Sheng International Limited.

Details
Name: China Lilang Limited
1234
Exchange: SEHK
Founded: 1987
HK$8,358,444,734
1,197,484,919
Website: http://www.lilanz.com
Address: China Lilang Limited
Lilang Industrial Park,
200 Chang Xing Road,
Jinjiang,
Fujian Province, 362200,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1234 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 25. Sep 2009
DB 5LX Ordinary Shares Deutsche Boerse AG DE EUR 25. Sep 2009
SHSC 1234 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 25. Sep 2009
SZSC 1234 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 25. Sep 2009
Number of employees
Current staff
Staff numbers
2,380
China Lilang employees.
Industry
Apparel, Accessories and Luxury Goods
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/15 12:54
End of day share price update: 2019/07/15 00:00
Last estimates confirmation: 2019/06/21
Last earnings filing: 2019/03/13
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.