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China Dongxiang (Group)

SEHK:3818
Snowflake Description

Adequate balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
3818
SEHK
HK$6B
Market Cap
  1. Home
  2. HK
  3. Consumer Durables
Company description

China Dongxiang (Group) Co., Ltd., together with its subsidiaries, designs, develops, markets, and sells sport-related apparel, footwear, and accessories in the People’s Republic of China, Japan, and internationally. The last earnings update was 14 days ago. More info.


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3818 Share Price and Events
7 Day Returns
1%
SEHK:3818
2.6%
HK Luxury
1.5%
HK Market
1 Year Returns
-25.4%
SEHK:3818
-3.8%
HK Luxury
-4.7%
HK Market
3818 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
China Dongxiang (Group) (3818) 1% 2% -16.7% -25.4% -34.2% -35.5%
HK Luxury 2.6% 8.3% -3.1% -3.8% 24.4% 2.2%
HK Market 1.5% 3.9% -8.2% -4.7% 18.3% 3.4%
1 Year Return vs Industry and Market
  • 3818 underperformed the Luxury industry which returned -3.8% over the past year.
  • 3818 underperformed the Market in Hong Kong which returned -4.7% over the past year.
Price Volatility
3818
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for China Dongxiang (Group)'s competitors could be found in our database.

Value

 Is China Dongxiang (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
  • It is not possible to calculate the future cash flow value for China Dongxiang (Group). This is due to cash flow or dividend data being unavailable. The share price is HK$1.
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 Dongxiang (Group)'s earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are China Dongxiang (Group)'s earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:3818 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in CNY CN¥0.12
SEHK:3818 Share Price ** SEHK (2019-07-17) in HKD HK$1
SEHK:3818 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.88 CN¥0.88
Hong Kong Luxury Industry PE Ratio Median Figure of 75 Publicly-Listed Luxury Companies 9.75x
Hong Kong Market PE Ratio Median Figure of 1,510 Publicly-Listed Companies 10.75x

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

** Primary Listing of China Dongxiang (Group).

SEHK:3818 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:3818 Share Price ÷ EPS (both in CNY)

= 0.88 ÷ 0.12

7.38x

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

  • China Dongxiang (Group) is good value based on earnings compared to the HK Luxury industry average.
  • China Dongxiang (Group) is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does China Dongxiang (Group)'s expected growth come at a high price?
Raw Data
SEHK:3818 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.38x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
2.5%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 479 Publicly-Listed Companies 0.8x

*Line of best fit is calculated by linear regression .

SEHK:3818 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 7.38x ÷ 2.5%

2.91x

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

  • China Dongxiang (Group) is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on China Dongxiang (Group)'s assets?
Raw Data
SEHK:3818 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in CNY CN¥1.74
SEHK:3818 Share Price * SEHK (2019-07-17) in HKD HK$1
SEHK:3818 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.88 CN¥0.88
Hong Kong Luxury Industry PB Ratio Median Figure of 123 Publicly-Listed Luxury Companies 0.96x
Hong Kong Market PB Ratio Median Figure of 2,197 Publicly-Listed Companies 0.92x
SEHK:3818 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:3818 Share Price ÷ Book Value per Share (both in CNY)

= 0.88 ÷ 1.74

0.51x

* Primary Listing of China Dongxiang (Group).

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

  • China Dongxiang (Group) is good value based on assets compared to the HK Luxury industry average.
X
Value checks
We assess China Dongxiang (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 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 Dongxiang (Group) 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 Dongxiang (Group) expected to perform in the next 1 to 3 years based on estimates from 2 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
2.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is China Dongxiang (Group) expected to grow at an attractive rate?
  • China Dongxiang (Group)'s earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • China Dongxiang (Group)'s earnings growth is expected to exceed the Hong Kong market average.
  • China Dongxiang (Group)'s revenue growth is positive but not above the Hong Kong market average.
Annual Growth Rates Comparison
Raw Data
SEHK:3818 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:3818 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 2.5%
SEHK:3818 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 9.5%
Hong Kong Luxury Industry Earnings Growth Rate Market Cap Weighted Average 15.8%
Hong Kong Luxury Industry Revenue Growth Rate Market Cap Weighted Average 11.7%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average -7.3%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.3%

*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:3818 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:3818 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 2,245 56 713 1
2020-12-31 2,105 202 659 2
2019-12-31 1,920 420 616 2
SEHK:3818 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-03-31 1,715 -297 693
2018-12-31 1,706 -136 315
2018-09-30 1,554 -113 532
2018-06-30 1,450 -90 750
2018-03-31 1,401 -35 777
2017-12-31 1,455 21 805
2017-09-30 1,491 81 866
2017-06-30 1,526 141 928
2017-03-31 1,514 123 899
2016-12-31 1,501 106 870
2016-09-30 1,512 145 931
2016-06-30 1,523 185 992

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • China Dongxiang (Group)'s earnings are expected to grow by 2.5% yearly, however this is not considered high growth (20% yearly).
  • China Dongxiang (Group)'s revenue is expected to grow by 9.5% 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:3818 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 2 Analyst Estimates (S&P Global) See Below

All data from China Dongxiang (Group) Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:3818 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.12 0.12 0.12 1.00
2020-12-31 0.11 0.11 0.11 2.00
2019-12-31 0.10 0.11 0.10 2.00
SEHK:3818 Past Financials Data
Date (Data in CNY Millions) EPS *
2019-03-31 0.12
2018-12-31 0.05
2018-09-30 0.09
2018-06-30 0.13
2018-03-31 0.14
2017-12-31 0.15
2017-09-30 0.16
2017-06-30 0.17
2017-03-31 0.16
2016-12-31 0.16
2016-09-30 0.17
2016-06-30 0.18

*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 Dongxiang (Group) is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess China Dongxiang (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.
China Dongxiang (Group) 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.

Past Performance

  How has China Dongxiang (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 China Dongxiang (Group)'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 Dongxiang (Group)'s year on year earnings growth rate has been positive over the past 5 years.
  • China Dongxiang (Group)'s 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • China Dongxiang (Group)'s 1-year earnings growth is negative, it can't be compared to the HK Luxury industry average.
Earnings and Revenue History
China Dongxiang (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 China Dongxiang (Group) Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:3818 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 1,715.11 692.68 1,069.75
2018-12-31 1,706.37 315.25 959.08
2018-09-30 1,553.94 532.46 825.22
2018-06-30 1,449.84 749.67 762.96
2018-03-31 1,401.24 777.16 724.69
2017-12-31 1,455.33 804.65 839.75
2017-09-30 1,490.57 866.10 771.59
2017-06-30 1,525.81 927.56 703.43
2017-03-31 1,513.64 898.93 675.38
2016-12-31 1,501.48 870.31 647.32
2016-09-30 1,512.02 930.96 632.63
2016-06-30 1,522.56 991.61 617.93
2016-03-31 1,495.73 897.25 597.07
2015-12-31 1,468.89 802.90 576.20
2015-09-30 1,431.19 955.91 588.69
2015-06-30 1,393.48 1,108.91 601.18
2015-03-31 1,327.69 1,012.13 601.82
2014-12-31 1,261.91 915.35 602.46
2014-09-30 1,289.00 565.12 626.59
2014-06-30 1,316.09 214.90 650.72
2014-03-31 1,364.89 212.58 651.77
2013-12-31 1,413.69 210.27 652.81
2013-09-30 1,457.92 190.89 670.46
2013-06-30 1,502.15 171.51 688.10
2013-03-31 1,636.98 174.12 742.22
2012-12-31 1,771.82 176.72 796.34
2012-09-30 2,083.60 75.51 869.39

*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 Dongxiang (Group) has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • China Dongxiang (Group) used its assets less efficiently than the HK Luxury industry average last year based on Return on Assets.
  • China Dongxiang (Group) has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess China Dongxiang (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 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 Dongxiang (Group) has a total score of 2/6, 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 Dongxiang (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 China Dongxiang (Group)'s finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • China Dongxiang (Group) is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • China Dongxiang (Group)'s cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of China Dongxiang (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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 8.5x 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 Dongxiang (Group) Company Filings, last reported 3 months ago.

SEHK:3818 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 10,261.75 527.64 2,499.33
2018-12-31 9,761.11 934.06 1,474.31
2018-09-30 9,761.11 934.06 1,474.31
2018-06-30 10,102.61 471.84 1,451.70
2018-03-31 10,102.61 471.84 1,451.70
2017-12-31 9,598.66 503.19 2,828.95
2017-09-30 9,598.66 503.19 2,828.95
2017-06-30 10,371.39 524.10 2,912.29
2017-03-31 10,371.39 524.10 2,912.29
2016-12-31 9,674.52 750.79 3,433.29
2016-09-30 9,674.52 750.79 3,433.29
2016-06-30 9,453.96 903.18 4,087.33
2016-03-31 9,453.96 903.18 4,087.33
2015-12-31 9,548.69 454.55 4,487.61
2015-09-30 9,548.69 454.55 4,487.61
2015-06-30 9,385.09 427.95 3,610.98
2015-03-31 9,385.09 427.95 3,610.98
2014-12-31 10,358.94 0.00 4,572.49
2014-09-30 10,358.94 0.00 4,572.49
2014-06-30 8,672.41 0.00 4,648.70
2014-03-31 8,672.41 0.00 4,648.70
2013-12-31 8,623.82 0.00 4,647.89
2013-09-30 8,623.82 0.00 4,647.89
2013-06-30 6,911.14 0.00 4,661.27
2013-03-31 6,911.14 0.00 4,661.27
2012-12-31 6,944.45 0.00 4,974.13
2012-09-30 6,944.45 0.00 4,974.13
  • China Dongxiang (Group)'s level of debt (5.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 5.1% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • China Dongxiang (Group) earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess China Dongxiang (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. China Dongxiang (Group) has a total score of 4/6, 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 Dongxiang (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
8.36%
Current annual income from China Dongxiang (Group) dividends. Estimated to be 9.59% next year.
If you bought HK$2,000 of China Dongxiang (Group) shares you are expected to receive HK$167 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 Dongxiang (Group)'s pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.08%).
  • China Dongxiang (Group)'s dividend is above the markets top 25% of dividend payers in Hong Kong (5.75%).
Upcoming dividend payment

Purchase China Dongxiang (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:3818 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 2 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 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:3818 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.08 1.00
2020-12-31 0.09 2.00
2019-12-31 0.08 2.00
SEHK:3818 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-07-03 0.074 8.404
2019-02-27 0.000 0.000
2018-08-15 0.092 8.559
2018-05-10 0.274 23.600
2017-08-16 0.274 22.704
2017-05-10 0.094 7.652
2016-08-17 0.102 7.695
2016-05-18 0.087 7.093
2015-08-27 0.140 9.732
2015-08-19 0.140 8.854
2015-05-20 0.116 7.065
2014-08-29 0.027 2.320
2014-08-21 0.027 2.015
2014-04-02 0.027 2.261
2014-03-18 0.027 2.093
2013-08-29 0.022 2.070
2013-08-21 0.022 2.159
2013-05-15 0.021 1.972
2012-08-22 0.018 2.157
2012-04-03 0.000 0.000
2012-03-27 0.000 0.000
2011-08-24 0.125 10.962
2011-05-12 0.181 10.587
2010-09-01 0.125 4.353
2010-08-25 0.125 3.488
2010-03-24 0.181 4.168
2009-09-09 0.145 3.122
2009-03-25 0.075 1.949
2008-12-31 0.075 3.608
2008-09-24 0.054 2.854
2008-09-10 0.054 2.343
2008-09-09 0.054 2.212

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of China Dongxiang (Group)'s earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.4x coverage).
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 Dongxiang (Group)'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 Dongxiang (Group) afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. China Dongxiang (Group) 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 Dongxiang (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
Zhiyong Zhang
COMPENSATION CN¥3,651,000
AGE 51
TENURE AS CEO 1.8 years
CEO Bio

Mr. Zhiyong Zhang has been the Chief Executive Officer and Executive Director at China Dongxiang (Group) Co., Ltd. since October 10, 2017 and serves as its President. Mr. Zhang has over 10 years of experience in financial and marketing management. He served as General Manager of Li Ning Sports (Shanghai) Company Limited, a subsidiary of Li Ning Co. Ltd. He served as the Chief Advisor to the Executive Committee at Li Ning Company Limited since July 2, 2012. He served as the Chief Executive Officer of Li Ning Company Limited from June 2004 to July 2, 2012. He is primarily responsible for the overall development, sales and marketing of the LI-NING products. He joined Beijing Li Ning Footwear Co., Ltd. in October 1992. He was in charge of its financial system and nationwide retail business system, before becoming the General Manager of China Dongxiang (Group) Co., Ltd. from February 2001 to June 2004. He joined Li Ning group in December 1992. He served as Finance Manager of Beijing Li Ning, the Financial Controller of Beijing Li Ning since April 1999 and General Manager of Beijing Li Ning since March 2001. He has been an Independent Non-Executive Director of C.BANNER INTERNATIONAL Holdings Limited since October 15, 2012. He served as a Non-Executive Director of Li Ning Company Limited from June 2014 to October 06, 2014 and served as its Executive Director since June 5, 2004. Mr. Zhang holds a Bachelor’s degree from Capital University of Economics and Business in 1991 and has completed an Executive M.B.A. programme of Guanghua School of Management of Peking University in 2002.

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

Yihong Chen

TITLE
Founder & Executive Chairman
COMPENSATION
CN¥3M
AGE
61

Zhiyong Zhang

TITLE
CEO, President & Executive Director
COMPENSATION
CN¥4M
AGE
51
TENURE
1.8 yrs

Chen Chen

TITLE
Co-president & Executive Director
COMPENSATION
CN¥2M
AGE
32

Tang Lijun

TITLE
Head of Kappa Apparel Production Department
AGE
56

Zhong Hua

TITLE
Head of International Sourcing Department
AGE
50

Yang Chao

TITLE
Head of Footwear Equipment and Accessory Design & Development Centre
AGE
44

Pui Man Wai

TITLE
Company Secretary
TENURE
9.3 yrs

Sun Jun

TITLE
Executive Officer
AGE
52
Board of Directors Tenure

Average tenure and age of the China Dongxiang (Group) board of directors in years:

3.1
Average Tenure
52
Average Age
  • The tenure for the China Dongxiang (Group) board of directors is about average.
Board of Directors

Yihong Chen

TITLE
Founder & Executive Chairman
COMPENSATION
CN¥3M
AGE
61

Zhiyong Zhang

TITLE
CEO, President & Executive Director
COMPENSATION
CN¥4M
AGE
51
TENURE
1.8 yrs

Chen Chen

TITLE
Co-president & Executive Director
COMPENSATION
CN¥2M
AGE
32
TENURE
4.6 yrs

Guogang Chen

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥233K
AGE
60
TENURE
3.1 yrs

Alvin Liu

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥8K
AGE
53
TENURE
0.3 yrs

Yu Gao

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥233K
AGE
46
TENURE
11.2 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$) Value (HK$)
16. Apr 19 Buy Chen Chen Individual 11. Apr 19 11. Apr 19 30,343,630 HK$1.15 HK$34,895,223
09. Apr 19 Buy Chen Chen Individual 03. Apr 19 03. Apr 19 2,000,000 HK$1.16 HK$2,323,802
26. Sep 18 Buy Chen Chen Individual 20. Sep 18 20. Sep 18 9,000,000 HK$1.30 HK$11,700,031
23. Aug 18 Buy UBS Asset Management Company 20. Aug 18 20. Aug 18 1,446,000 HK$1.25 HK$1,809,094
21. Aug 18 Buy Yihong Chen Individual 16. Aug 18 16. Aug 18 8,175,000 HK$1.24 HK$10,115,719
22. Aug 18 Buy Yihong Chen Individual 17. Aug 18 17. Aug 18 2,500,000 HK$1.23 HK$3,074,995
22. Aug 18 Buy Yihong Chen Individual 20. Aug 18 20. Aug 18 800,000 HK$1.25 HK$997,039
X
Management checks
We assess China Dongxiang (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. China Dongxiang (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

Should You Investigate China Dongxiang (Group) Co., Ltd. (HKG:3818) At HK$1.01?

Check out our latest analysis for China Dongxiang (Group) What is China Dongxiang (Group) worth? … The stock’s ratio of 7.49x is currently trading slightly below its industry peers’ ratio of 9.94x, which means if you buy China Dongxiang (Group) today, you’d be paying a fair price for it. … If you are no longer interested in China Dongxiang (Group), you can use our free platform to see my list of over 50 other stocks with a high growth potential.

Simply Wall St -

What Does China Dongxiang (Group) Co., Ltd.'s (HKG:3818) P/E Ratio Tell You?

Check out our latest analysis for China Dongxiang (Group) How Do I Calculate A Price To Earnings Ratio? … The formula for P/E is: Price to Earnings Ratio = Price per Share (in the reporting currency) ÷ Earnings per Share (EPS) Or for China Dongxiang (Group): P/E of 16.08 = CN¥0.87 (Note: this is the share price in the reporting currency, namely, CNY ) ÷ CN¥0.054 (Based on the year to December 2018.) Is A High P/E Ratio Good? … The Verdict On China Dongxiang (Group)'s P/E Ratio China Dongxiang (Group) has a P/E of 16.1.

Simply Wall St -

China Dongxiang (Group) Co., Ltd. (HKG:3818) Might Not Be A Great Investment

The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for China Dongxiang (Group): 0.019 = CN¥191m ÷ (CN¥12b - CN¥1.6b) (Based on the trailing twelve months to December 2018.) So, China Dongxiang (Group) has an ROCE of 1.9%. … What Are Current Liabilities, And How Do They Affect China Dongxiang (Group)'s ROCE? … The Bottom Line On China Dongxiang (Group)'s ROCE That's not a bad thing, however China Dongxiang (Group) has a weak ROCE and may not be an attractive investment.

Simply Wall St -

Will China Dongxiang (Group) Co., Ltd.'s (HKG:3818) Earnings Grow In The Next Couple Of Years?

Today I want to provide a brief commentary on how market analysts predict China Dongxiang (Group)'s earnings growth outlook over the next few years and whether the future looks brighter. … View our latest analysis for China Dongxiang (Group) Analysts' outlook for the upcoming year seems buoyant, with earnings rising by a significant 95%. … SEHK:3818 Past and Future Earnings, May 10th 2019 While it’s informative understanding the rate of growth each year relative to today’s level, it may be more valuable to estimate the rate at which the earnings are moving on average every year.

Simply Wall St -

Who Has Been Buying China Dongxiang (Group) Co., Ltd. (HKG:3818) Shares?

So we'll take a look at whether insiders have been buying or selling shares in China Dongxiang (Group) Co., Ltd. … The Last 12 Months Of Insider Transactions At China Dongxiang (Group). … While China Dongxiang (Group) insiders bought shares last year, they didn't sell

Simply Wall St -

What Kind Of Investor Owns Most Of China Dongxiang (Group) Co., Ltd. (HKG:3818)?

The big shareholder groups in China Dongxiang (Group) Co., Ltd. … So it's nice to see some insider ownership, because it may suggest that management is owner-oriented. … China Dongxiang (Group) isn't enormous, but it's not particularly small either.

Simply Wall St -

China Dongxiang (Group) Co., Ltd. (HKG:3818): Immense Growth Potential?

China Dongxiang (Group) Co., Ltd.'s (HKG:3818) latest earnings update in December 2018a

Simply Wall St -

China Dongxiang (Group) Co., Ltd. (HKG:3818): Will The Growth Last?

After China Dongxiang (Group) Co., Ltd.'s (HKG:3818) earnings announcement on 31 December 2018, … with earnings expected to grow by a high double-digit of 98% in the upcoming year,

Simply Wall St -

Should China Dongxiang (Group) Co., Ltd. (HKG:3818) Be Part Of Your Dividend Portfolio?

The company currently pays out a dividend yield of 9.1% to shareholders, making it a relatively attractive dividend stock. … Does China Dongxiang (Group) tick all the boxes of a great dividend stock? … View our latest analysis for China Dongxiang (Group)

Simply Wall St -

Why China Dongxiang (Group) Co., Ltd.’s (HKG:3818) Return On Capital Employed Looks Uninspiring

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … What is Return On Capital Employed (ROCE)? … How Do You Calculate Return On Capital Employed?

Simply Wall St -

Company Info

Description

China Dongxiang (Group) Co., Ltd., together with its subsidiaries, designs, develops, markets, and sells sport-related apparel, footwear, and accessories in the People’s Republic of China, Japan, and internationally. The company offers its products under the Kappa, Phenix, X-NIX, and INHABITANT brands. It is also involved in the retail sale of sports related footwear, apparel, and accessories through a network of retail stores, as well as e-commerce. As of December 31, 2017, the company had 1,487 Kappa retail stores, including 350 Kappa kids stores in the People’s Republic of China. In addition, it provides design and consulting services; designs and sells children's clothing products; and invests in various financial assets and treasury products issued by commercial banks. Further, the company is involved in the import and export activities. China Dongxiang (Group) Co., Ltd. was founded in 2002 and is headquartered in Beijing, the People’s Republic of China.

Details
Name: China Dongxiang (Group) Co., Ltd.
3818
Exchange: SEHK
Founded: 2002
HK$5,886,121,025
5,886,121,025
Website: http://www.dxsport.com
Address: China Dongxiang (Group) Co., Ltd.
Building 21,
No. 2 Jingyuanbei Street,
Beijing,
100176,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 3818 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 10. Oct 2007
OTCPK CDGX.F Ordinary Shares Pink Sheets LLC US USD 10. Oct 2007
DB 4C1 Ordinary Shares Deutsche Boerse AG DE EUR 10. Oct 2007
SHSC 3818 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 10. Oct 2007
SZSC 3818 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 10. Oct 2007
OTCPK CDGX.Y UNSPONSOD ADR Pink Sheets LLC US USD 29. Jul 2010
Number of employees
Current staff
Staff numbers
0
China Dongxiang (Group) employees.
Industry
Apparel, Accessories and Luxury Goods
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/17 12:47
End of day share price update: 2019/07/17 00:00
Last estimates confirmation: 2019/07/12
Last earnings filing: 2019/07/03
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


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.