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China Weaving Materials Holdings

SEHK:3778
Snowflake Description

Undervalued with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
3778
SEHK
HK$539M
Market Cap
  1. Home
  2. HK
  3. Consumer Durables
Company description

China Weaving Materials Holdings Limited, an investment holding company, engages in the manufacturing and trading of yarn products and related raw materials in the People's Republic of China. The last earnings update was 26 days ago. More info.


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  • China Weaving Materials Holdings has significant price volatility in the past 3 months.
3778 Share Price and Events
7 Day Returns
25%
SEHK:3778
-2.7%
HK Luxury
-1.6%
HK Market
1 Year Returns
-12.7%
SEHK:3778
-14.8%
HK Luxury
-16.6%
HK Market
3778 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
China Weaving Materials Holdings (3778) 25% 27.9% 20.9% -12.7% -1.8% -31.3%
HK Luxury -2.7% -8.2% -1.2% -14.8% 17.8% -0.1%
HK Market -1.6% -9.5% -5.2% -16.6% 24.8% 7.3%
1 Year Return vs Industry and Market
  • 3778 outperformed the Luxury industry which returned -14.8% over the past year.
  • 3778 outperformed the Market in Hong Kong which returned -16.6% over the past year.
Price Volatility
3778
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for China Weaving Materials Holdings's competitors could be found in our database.

3778 Value

 Is China Weaving Materials Holdings 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 Weaving Materials Holdings 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 Weaving Materials Holdings.

SEHK:3778 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 9%
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:3778
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 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.72 (1 + (1- 25%) (98.24%))
1.168
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.17
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.168 * 5.96%)
8.96%

Discounted Cash Flow Calculation for SEHK:3778 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for China Weaving Materials Holdings 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:3778 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 8.96%)
2019 359.95 Est @ 64.12% 330.35
2020 523.67 Est @ 45.48% 441.07
2021 693.54 Est @ 32.44% 536.11
2022 855.20 Est @ 23.31% 606.70
2023 999.87 Est @ 16.92% 650.99
2024 1,124.28 Est @ 12.44% 671.79
2025 1,228.96 Est @ 9.31% 673.94
2026 1,316.44 Est @ 7.12% 662.54
2027 1,389.95 Est @ 5.58% 642.00
2028 1,452.63 Est @ 4.51% 615.77
Present value of next 10 years cash flows CN¥5,831.26
SEHK:3778 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CN¥1,452.63 × (1 + 2%) ÷ (8.96% – 2%)
CN¥21,293.38
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥21,293.38 ÷ (1 + 8.96%)10
CN¥9,026.27
SEHK:3778 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥5,831.26 + CN¥9,026.27
CN¥14,857.53
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥14,857.53 / 1,252.35
CN¥11.86
SEHK:3778 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:3778)
1.137
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥11.86 x 1.137
HK$13.49
Value per share (HKD) From above. HK$13.49
Current discount Discount to share price of HK$0.55
= -1 x (HK$0.55 - HK$13.49) / HK$13.49
95.9%

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

Current Discount
Amount off the current price China Weaving Materials Holdings is available for.
Intrinsic value
>50%
Share price is HK$0.55 vs Future cash flow value of HK$13.49
Current Discount Checks
For China Weaving Materials Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • China Weaving Materials Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • China Weaving Materials Holdings's share price is below the future cash flow value, and 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 China Weaving Materials Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are China Weaving Materials Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:3778 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥0.06
SEHK:3778 Share Price ** SEHK (2019-05-22) in HKD HK$0.55
SEHK:3778 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.879 CN¥0.48
Hong Kong Luxury Industry PE Ratio Median Figure of 77 Publicly-Listed Luxury Companies 10.33x
Hong Kong Market PE Ratio Median Figure of 1,478 Publicly-Listed Companies 11.06x

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

** Primary Listing of China Weaving Materials Holdings.

SEHK:3778 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:3778 Share Price ÷ EPS (both in CNY)

= 0.48 ÷ 0.06

7.54x

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

  • China Weaving Materials Holdings is good value based on earnings compared to the HK Luxury industry average.
  • China Weaving Materials Holdings is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does China Weaving Materials Holdings's expected growth come at a high price?
Raw Data
SEHK:3778 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.54x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
5.7%per year
Hong Kong Luxury Industry PEG Ratio Median Figure of 23 Publicly-Listed Luxury Companies 0.85x
Hong Kong Market PEG Ratio Median Figure of 463 Publicly-Listed Companies 0.8x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for China Weaving Materials Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on China Weaving Materials Holdings's assets?
Raw Data
SEHK:3778 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥0.47
SEHK:3778 Share Price * SEHK (2019-05-22) in HKD HK$0.55
SEHK:3778 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.879 CN¥0.48
Hong Kong Luxury Industry PB Ratio Median Figure of 122 Publicly-Listed Luxury Companies 1.08x
Hong Kong Market PB Ratio Median Figure of 2,157 Publicly-Listed Companies 0.97x
SEHK:3778 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:3778 Share Price ÷ Book Value per Share (both in CNY)

= 0.48 ÷ 0.47

1.02x

* Primary Listing of China Weaving Materials Holdings.

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

  • China Weaving Materials Holdings is good value based on assets compared to the HK Luxury industry average.
X
Value checks
We assess China Weaving Materials Holdings'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 Weaving Materials Holdings has a total score of 5/6, 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.

3778 Future Performance

 How is China Weaving Materials Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover China Weaving Materials Holdings, future earnings growth has been estimated based on fundamentals.
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
5.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is China Weaving Materials Holdings expected to grow at an attractive rate?
  • China Weaving Materials Holdings's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • China Weaving Materials Holdings's earnings growth is expected to exceed the Hong Kong market average.
  • Unable to compare China Weaving Materials Holdings's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:3778 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:3778 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 5.7%
Hong Kong Luxury Industry Earnings Growth Rate Market Cap Weighted Average 15.8%
Hong Kong Luxury Industry Revenue Growth Rate Market Cap Weighted Average 11.5%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average -5.7%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.4%

*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:3778 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:3778 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 1,836 279 80
2018-09-30 1,775 287 77
2018-06-30 1,714 295 73
2018-03-31 1,648 173 62
2017-12-31 1,583 52 50
2017-09-30 1,547 27 43
2017-06-30 1,511 2 36
2017-03-31 1,473 51 25
2016-12-31 1,436 100 15
2016-09-30 1,371 89 9
2016-06-30 1,307 79 3
2016-03-31 1,305 82 9

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • China Weaving Materials Holdings's earnings are expected to grow by 5.7% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if China Weaving Materials Holdings is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SEHK:3778 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from China Weaving Materials Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:3778 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 0.06
2018-09-30 0.06
2018-06-30 0.06
2018-03-31 0.05
2017-12-31 0.04
2017-09-30 0.03
2017-06-30 0.03
2017-03-31 0.02
2016-12-31 0.01
2016-09-30 0.01
2016-06-30 0.00
2016-03-31 0.01

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if China Weaving Materials Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess China Weaving Materials Holdings'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 Weaving Materials Holdings has a total score of 2/6, 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.

3778 Past Performance

  How has China Weaving Materials Holdings 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 Weaving Materials Holdings'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 Weaving Materials Holdings has delivered over 20% year on year earnings growth in the past 5 years.
  • China Weaving Materials Holdings's 1-year earnings growth exceeds its 5-year average (59.7% vs 55%)
  • China Weaving Materials Holdings's earnings growth has exceeded the HK Luxury industry average in the past year (59.7% vs 2.5%).
Earnings and Revenue History
China Weaving Materials Holdings'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 Weaving Materials Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:3778 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 1,836.16 80.31 79.46
2018-09-30 1,775.02 76.56 77.59
2018-06-30 1,713.88 72.80 75.73
2018-03-31 1,648.22 61.55 74.96
2017-12-31 1,582.56 50.29 74.19
2017-09-30 1,546.80 42.99 74.56
2017-06-30 1,511.04 35.68 74.92
2017-03-31 1,473.49 25.26 73.45
2016-12-31 1,435.94 14.85 71.98
2016-09-30 1,371.34 9.07 70.22
2016-06-30 1,306.74 3.28 68.47
2016-03-31 1,304.77 8.55 68.60
2015-12-31 1,302.80 13.82 68.73
2015-09-30 1,195.22 -12.79 61.89
2015-06-30 1,087.65 -39.40 55.04
2015-03-31 967.10 -45.11 47.90
2014-12-31 846.55 -50.83 40.77
2014-09-30 835.39 -18.03 38.47
2014-06-30 824.23 14.76 36.18
2014-03-31 852.25 17.90 35.43
2013-12-31 880.27 21.04 34.68
2013-09-30 911.15 11.93 35.67
2013-06-30 942.02 2.83 36.65
2013-03-31 930.27 1.95 36.58
2012-12-31 918.51 1.07 36.51
2012-09-30 948.32 10.78 35.96
2012-06-30 978.13 20.50 35.41

*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 Weaving Materials Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • China Weaving Materials Holdings used its assets more efficiently than the HK Luxury industry average last year based on Return on Assets.
  • China Weaving Materials Holdings has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess China Weaving Materials Holdings'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 Weaving Materials Holdings 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.

3778 Health

 How is China Weaving Materials Holdings'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 Weaving Materials Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • China Weaving Materials Holdings's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • China Weaving Materials Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of China Weaving Materials Holdings'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 not covered by short term assets, assets are 0.9x 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 China Weaving Materials Holdings Company Filings, last reported 4 months ago.

SEHK:3778 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 621.52 465.16 47.55
2018-09-30 621.52 465.16 47.55
2018-06-30 584.61 500.69 53.97
2018-03-31 584.61 500.69 53.97
2017-12-31 541.49 652.86 57.80
2017-09-30 541.49 652.86 57.80
2017-06-30 513.73 646.51 44.80
2017-03-31 513.73 646.51 44.80
2016-12-31 493.54 637.97 93.44
2016-09-30 493.54 637.97 93.44
2016-06-30 481.91 622.90 44.56
2016-03-31 481.91 622.90 44.56
2015-12-31 463.60 658.10 41.18
2015-09-30 463.60 658.10 41.18
2015-06-30 461.99 703.07 137.26
2015-03-31 461.99 703.07 137.26
2014-12-31 432.89 295.54 166.69
2014-09-30 432.89 295.54 166.69
2014-06-30 405.33 278.57 61.68
2014-03-31 405.33 278.57 61.68
2013-12-31 412.76 207.99 58.20
2013-09-30 412.76 207.99 58.20
2013-06-30 398.60 215.82 63.85
2013-03-31 398.60 215.82 63.85
2012-12-31 399.87 217.83 91.89
2012-09-30 399.87 217.83 91.89
2012-06-30 403.92 269.36 119.91
  • China Weaving Materials Holdings's level of debt (74.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (50.6% vs 74.8% today).
  • Debt is well covered by operating cash flow (60%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.4x coverage).
X
Financial health checks
We assess China Weaving Materials Holdings'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 Weaving Materials Holdings has a total score of 3/6, 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.

3778 Dividends

 What is China Weaving Materials Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from China Weaving Materials Holdings dividends.
If you bought HK$2,000 of China Weaving Materials Holdings shares you are expected to receive HK$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate China Weaving Materials Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate China Weaving Materials Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SEHK:3778 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Hong Kong Luxury Industry Average Dividend Yield Market Cap Weighted Average of 57 Stocks 2.9%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 968 Stocks 3.7%
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 5.8%

Industry and Market average data is calculated daily.

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

SEHK:3778 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2015-09-25 0.000 0.000
2015-08-26 0.000 0.000
2015-04-27 0.000 0.000
2015-03-26 0.000 0.000
2014-04-03 0.007 1.201
2013-03-21 0.007 1.176
2012-03-22 0.015 2.300

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

  • Unable to perform a dividend volatility check as China Weaving Materials Holdings has not reported any payouts.
  • Unable to verify if China Weaving Materials Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of China Weaving Materials Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as China Weaving Materials Holdings has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess China Weaving Materials Holdings'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 Weaving Materials Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. China Weaving Materials Holdings has a total score of 0/6, see the detailed checks below.


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

3778 Management

 What is the CEO of China Weaving Materials Holdings'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
Yongxiang Zheng
COMPENSATION CN¥1,054,000
AGE 50
CEO Bio

Mr. Yongxiang Zheng serves as the Chief Executive Officer of China Weaving Materials Holdings Limited. Mr. Zheng served as the General Manager of Shaoxing Gangtai Weaving Company Limited. from 2001 to 2005. Mr. Zheng served as the representative of the second Jiangxi Yichun Municipal Chinese People's Congress. since 2006. He joined Jiangxi Jinyuan in 2005 as a General Manager and is primarily responsible for formulating the policy and monitoring the operation of the Group. Mr. Zheng has over 10 years of experience in textile industry. Mr. Zheng has been an Executive Director at China Weaving Materials Holdings Limited since May 4, 2011. He received the award of Outstanding Entrepreneur in 2007 (2007)from the Yichun Municipal Peoples' Government in 2008. He was awarded the Outstanding Architects of Yichun in the Reforming and Open Up for 30 years ( 30 ) in 2008 and the Best Ten Yichun Citizen. in 2009. Mr. Zheng graduated from the Open University of China with a diploma of accounting (finance and accounting) in 2010.

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

Hong Zheng

TITLE
Executive Chairman of the Board
COMPENSATION
CN¥1M
AGE
42

Yongxiang Zheng

TITLE
CEO & Executive Director
COMPENSATION
CN¥1M
AGE
50

Frank Cheung

TITLE
CFO & Company Secretary
AGE
55
TENURE
8 yrs
Board of Directors Tenure

Average tenure and age of the China Weaving Materials Holdings board of directors in years:

7.7
Average Tenure
53
Average Age
  • The tenure for the China Weaving Materials Holdings board of directors is about average.
Board of Directors

Hong Zheng

TITLE
Executive Chairman of the Board
COMPENSATION
CN¥1M
AGE
42
TENURE
8 yrs

Yongxiang Zheng

TITLE
CEO & Executive Director
COMPENSATION
CN¥1M
AGE
50
TENURE
8 yrs

Wing Ka Ng

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥129K
AGE
48
TENURE
7.4 yrs

Baixiang Zhang

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥129K
AGE
57
TENURE
4.5 yrs

Irons Sze

TITLE
Non-Executive Director
COMPENSATION
CN¥129K
AGE
56
TENURE
8 yrs

Yiliang Xu

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥25K
AGE
57
TENURE
2.6 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$) Value (HK$)
08. Nov 18 Sell Meijing Xie Individual 08. Nov 18 08. Nov 18 -628,000 HK$0.52 HK$-326,562
23. Oct 18 Buy Yongxiang Zheng Individual 22. Oct 18 22. Oct 18 1,660,000 HK$0.56 HK$929,595
09. Oct 18 Buy Yongxiang Zheng Individual 09. Oct 18 09. Oct 18 1,960,000 HK$0.54 HK$1,058,405
20. Jul 18 Buy Yongxiang Zheng Individual 20. Jul 18 20. Jul 18 1,500,000 HK$0.58 HK$870,003
29. Jun 18 Buy Yongxiang Zheng Individual 29. Jun 18 29. Jun 18 1,640,000 HK$0.63 HK$1,033,196
27. Jun 18 Buy Yongxiang Zheng Individual 26. Jun 18 26. Jun 18 468,000 HK$0.63 HK$294,841
21. Jun 18 Buy Yongxiang Zheng Individual 21. Jun 18 21. Jun 18 380,000 HK$0.63 HK$239,401
20. Jun 18 Buy Yongxiang Zheng Individual 20. Jun 18 20. Jun 18 540,000 HK$0.62 HK$334,799
15. Jun 18 Buy Yongxiang Zheng Individual 15. Jun 18 15. Jun 18 76,000 HK$0.65 HK$49,400
19. Jun 18 Buy Yongxiang Zheng Individual 19. Jun 18 19. Jun 18 552,000 HK$0.64 HK$350,521
13. Jun 18 Buy Yongxiang Zheng Individual 12. Jun 18 12. Jun 18 1,000,000 HK$0.63 HK$630,004
05. Jun 18 Buy Yongxiang Zheng Individual 05. Jun 18 05. Jun 18 996,000 HK$0.67 HK$667,318
05. Jun 18 Buy Yongxiang Zheng Individual 04. Jun 18 04. Jun 18 580,000 HK$0.67 HK$388,598
01. Jun 18 Buy Yongxiang Zheng Individual 01. Jun 18 01. Jun 18 500,000 HK$0.67 HK$335,000
25. May 18 Buy Yongxiang Zheng Individual 25. May 18 25. May 18 216,000 HK$0.63 HK$136,081
X
Management checks
We assess China Weaving Materials Holdings'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 Weaving Materials Holdings 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.

3778 News

Simply Wall St News

Is China Weaving Materials Holdings Limited (HKG:3778) Potentially Underrated?

I've been keeping an eye on China Weaving Materials Holdings Limited (HKG:3778) because I'm attracted to its fundamentals. … For those interested in digger a bit deeper into my commentary, take a look at the report on China Weaving Materials Holdings here. … SEHK:3778 Income Statement, May 15th 2019 Next Steps: For China Weaving Materials Holdings, there are three important aspects you should further research: Future Outlook: What are well-informed industry analysts predicting for 3778’s future growth?

Simply Wall St -

Have Insiders Been Buying China Weaving Materials Holdings Limited (HKG:3778) Shares This Year?

So we'll take a look at whether insiders have been buying or selling shares in China Weaving Materials Holdings Limited (HKG:3778). … In the last twelve months, the biggest single purchase by an insider was when Chief Executive Officer and Executive Director Yongxiang Zheng bought HK$1.1m worth of shares at a price of HK$0.54 per share. … That means that even when the share price was higher than HK$0.42 (the recent price), an insider wanted to purchase shares.

Simply Wall St -

Did You Manage To Avoid China Weaving Materials Holdings's (HKG:3778) 49% Share Price Drop?

During the unfortunate half decade during which the share price slipped, China Weaving Materials Holdings actually saw its earnings per share (EPS) improve by 28% per year. … In contrast to the share price, revenue has actually increased by 16% a year in the five year period. … A more detailed examination of the revenue and earnings may or may not explain why the share price languishes; there could be an opportunity.

Simply Wall St -

Can We See Significant Insider Ownership On The China Weaving Materials Holdings Limited (HKG:3778) Share Register?

If you want to know who really controls China Weaving Materials Holdings Limited (HKG:3778), then you'll have to look at the makeup of its share registry. … China Weaving Materials Holdings is not a large company by global standards. … View our latest analysis for China Weaving Materials Holdings

Simply Wall St -

Do You Know What China Weaving Materials Holdings Limited's (HKG:3778) P/E Ratio Means?

We'll show how you can use China Weaving Materials Holdings Limited's (HKG:3778) P/E ratio to inform your assessment of the investment opportunity. … Based on the last twelve months, China Weaving Materials Holdings's P/E ratio is 6.61. … Price to Earnings Ratio = Share Price (in reporting currency) ÷ Earnings per Share (EPS)

Simply Wall St -

A Closer Look At China Weaving Materials Holdings Limited's (HKG:3778) Impressive ROE

By way of learning-by-doing, we'll look at ROE to gain a better understanding of China Weaving Materials Holdings Limited (HKG:3778). … China Weaving Materials Holdings has a ROE of 12%, based on the last twelve months. … See our latest analysis for China Weaving Materials Holdings?

Simply Wall St -

Read This Before Selling China Weaving Materials Holdings Limited (HKG:3778) Shares

So shareholders might well want to know whether insiders have been buying or selling shares in China Weaving Materials Holdings Limited (HKG:3778). … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … The Last 12 Months Of Insider Transactions At China Weaving Materials Holdings.

Simply Wall St -

Is China Weaving Materials Holdings Limited (HKG:3778) A Financially Sound Company?

While small-cap stocks, such as China Weaving Materials Holdings Limited (HKG:3778) with its market cap of HK$539m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … since poor capital management may bring about bankruptcies, … I believe these basic checks tell most of the story you need to know.

Simply Wall St -

What Kind Of Shareholders Own China Weaving Materials Holdings Limited (HKG:3778)?

Every investor in China Weaving Materials Holdings Limited (HKG:3778) should be aware of the most powerful shareholder groups. … With a market capitalization of HK$570m, China Weaving Materials Holdings is a small cap stock, so it might not be well known by many institutional investors. … View our latest analysis for China Weaving Materials Holdings

Simply Wall St -

Does China Weaving Materials Holdings Limited (HKG:3778) Have A Good P/E Ratio?

We'll show how you can use China Weaving Materials Holdings Limited's (HKG:3778) P/E ratio to inform your assessment of the investment opportunity. … China Weaving Materials Holdings has a P/E ratio of 7.48, based on the last twelve months. … Price to Earnings Ratio = Price per Share (in the reporting currency) ÷ Earnings per Share (EPS)

Simply Wall St -

3778 Company Info

Description

China Weaving Materials Holdings Limited, an investment holding company, engages in the manufacturing and trading of yarn products and related raw materials in the People's Republic of China. It operates through two segments, Yarns and Staple Fibres. The company offers cotton yarns, polyester yarns, polyester-cotton blended yarns, and polyester staple fibers. The company was incorporated in 2011 and is headquartered in Yichun City, the People's Republic of China.

Details
Name: China Weaving Materials Holdings Limited
3778
Exchange: SEHK
Founded: 2011
HK$538,510,500
1,252,350,000
Website: http://www.chinaweavingmaterials.com
Address: China Weaving Materials Holdings Limited
Fengtian Development Zone,
Fengxin County,
Yichun City,
Jiangxi Province, China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 3778 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 22. Dec 2011
Number of employees
Current staff
Staff numbers
3,196
China Weaving Materials Holdings employees.
Industry
Textiles
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/22 12:55
End of day share price update: 2019/05/22 00:00
Last earnings filing: 2019/04/26
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.