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China Baofeng (International)

SEHK:3966
Snowflake Description

Good value with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
3966
SEHK
HK$2B
Market Cap
  1. Home
  2. HK
  3. Consumer Durables
Company description

China Baofeng (International) Limited, an investment holding company, engages in photovoltaic power generation, and designs and supplies lighting and home furnishing products in Hong Kong, the People’s Republic of China, and North America. The last earnings update was 3 days ago. More info.


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3966 Share Price and Events
7 Day Returns
12%
SEHK:3966
0.1%
HK Consumer Durables
-0.6%
HK Market
1 Year Returns
7.3%
SEHK:3966
-10.8%
HK Consumer Durables
-9.8%
HK Market
3966 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
China Baofeng (International) (3966) 12% 12% 10.2% 7.3% -28.9% 471.4%
HK Consumer Durables 0.1% -5.5% -0.8% -10.8% -6.7% -19.6%
HK Market -0.6% -9.6% -7.5% -9.8% 1.6% -10.6%
1 Year Return vs Industry and Market
  • 3966 outperformed the Consumer Durables industry which returned -10.8% over the past year.
  • 3966 outperformed the Market in Hong Kong which returned -9.8% over the past year.
Price Volatility
3966
Industry
5yr Volatility vs Market

3966 Value

 Is China Baofeng (International) 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 Baofeng (International) 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 Baofeng (International).

SEHK:3966 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-06-30) in CNY CN¥ .359188
Payout Ratio Company Filings (2019-06-30) 0%
Discount Rate (Cost of Equity) See below 9.2%
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:3966
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6.7%
Consumer Durables Unlevered Beta Simply Wall St/ S&P Global 0.83
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.828 (1 + (1- 25%) (103.49%))
1.087
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.09
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.087 * 6.65%)
9.23%

Discounted Cash Flow Calculation for SEHK:3966 using Dividend Discount Model Model

The calculations below outline how an intrinsic value for China Baofeng (International) is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

SEHK:3966 Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= CN¥0.36 / (9.23% - 2%)
CN¥5.54
SEHK:3966 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:3966)
1.114
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥4.97 x 1.114
HK$5.54
Value per share (HKD) From above. HK$5.54
Current discount Discount to share price of HK$2.80
= -1 x (HK$2.80 - HK$5.54) / HK$5.54
49.4%

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

Current Discount
Amount off the current price China Baofeng (International) is available for.
Intrinsic value
49%
Share price is HK$2.8 vs Future cash flow value of HK$5.54
Current Discount Checks
For China Baofeng (International) to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • China Baofeng (International)'s share price is below the future cash flow value, and at a moderate discount (> 20%).
  • China Baofeng (International)'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 Baofeng (International)'s earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are China Baofeng (International)'s earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:3966 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in CNY CN¥0.63
SEHK:3966 Share Price ** SEHK (2019-08-19) in HKD HK$2.8
SEHK:3966 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.898 CN¥2.51
Hong Kong Consumer Durables Industry PE Ratio Median Figure of 25 Publicly-Listed Consumer Durables Companies 12x
Hong Kong Market PE Ratio Median Figure of 1,498 Publicly-Listed Companies 9.83x

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

** Primary Listing of China Baofeng (International).

SEHK:3966 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:3966 Share Price ÷ EPS (both in CNY)

= 2.51 ÷ 0.63

4.01x

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

  • China Baofeng (International) is good value based on earnings compared to the HK Consumer Durables industry average.
  • China Baofeng (International) is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does China Baofeng (International)'s expected growth come at a high price?
Raw Data
SEHK:3966 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.01x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-4.8%per year
Hong Kong Consumer Durables Industry PEG Ratio Median Figure of 7 Publicly-Listed Consumer Durables Companies 0.66x
Hong Kong Market PEG Ratio Median Figure of 486 Publicly-Listed Companies 0.75x

*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 Baofeng (International), we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on China Baofeng (International)'s assets?
Raw Data
SEHK:3966 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in CNY CN¥2.49
SEHK:3966 Share Price * SEHK (2019-08-19) in HKD HK$2.8
SEHK:3966 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.898 CN¥2.51
Hong Kong Consumer Durables Industry PB Ratio Median Figure of 39 Publicly-Listed Consumer Durables Companies 0.78x
Hong Kong Market PB Ratio Median Figure of 2,185 Publicly-Listed Companies 0.84x
SEHK:3966 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:3966 Share Price ÷ Book Value per Share (both in CNY)

= 2.51 ÷ 2.49

1.01x

* Primary Listing of China Baofeng (International).

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

  • China Baofeng (International) is overvalued based on assets compared to the HK Consumer Durables industry average.
X
Value checks
We assess China Baofeng (International)'s value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Consumer Durables industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Consumer Durables industry average (and greater than 0)? (1 check)
  5. China Baofeng (International) has a total score of 4/6, 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.

3966 Future Performance

 How is China Baofeng (International) expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover China Baofeng (International), 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
-4.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is China Baofeng (International) expected to grow at an attractive rate?
  • China Baofeng (International)'s earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2%.
Growth vs Market Checks
  • China Baofeng (International)'s earnings are expected to decrease over the next 1-3 years, this is below the Hong Kong market average.
  • Unable to compare China Baofeng (International)'s revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:3966 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:3966 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -4.8%
Hong Kong Consumer Durables Industry Earnings Growth Rate Market Cap Weighted Average 10.9%
Hong Kong Consumer Durables Industry Revenue Growth Rate Market Cap Weighted Average 7.8%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.7%
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:3966 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month 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:3966 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
SEHK:3966 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-06-30 976 413
2019-03-31 948 428
2018-12-31 972 93 468
2018-09-30 956 84 474
2018-06-30 904 73 461
2018-03-31 810 -21 397
2017-12-31 796 -115 372
2017-09-30 769 -121 338
2017-06-30 737 -128 300
2017-03-31 647 -107 216
2016-12-31 547 -84 127
2016-09-30 441 -86 63

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • China Baofeng (International)'s earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if China Baofeng (International) 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:3966 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from China Baofeng (International) Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:3966 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
SEHK:3966 Past Financials Data
Date (Data in CNY Millions) EPS *
2019-06-30 0.63
2019-03-31 0.67
2018-12-31 0.77
2018-09-30 0.80
2018-06-30 0.81
2018-03-31 0.70
2017-12-31 0.66
2017-09-30 0.60
2017-06-30 0.54
2017-03-31 0.40
2016-12-31 0.24
2016-09-30 0.12

*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 Baofeng (International) will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess China Baofeng (International)'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 Baofeng (International) has a total score of 0/6, 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.

3966 Past Performance

  How has China Baofeng (International) 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 Baofeng (International)'s growth in the last year to its industry (Consumer Durables).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • China Baofeng (International) has delivered over 20% year on year earnings growth in the past 5 years.
  • China Baofeng (International)'s 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • China Baofeng (International)'s 1-year earnings growth is negative, it can't be compared to the HK Consumer Durables industry average.
Earnings and Revenue History
China Baofeng (International)'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 Baofeng (International) Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:3966 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 975.74 413.33 98.47
2019-03-31 947.56 427.85 93.31
2018-12-31 971.89 467.65 93.18
2018-09-30 956.07 473.68 90.89
2018-06-30 904.06 461.24 85.18
2018-03-31 810.44 397.17 77.98
2017-12-31 796.38 372.33 78.42
2017-09-30 768.63 337.71 81.81 -1.19
2017-06-30 736.91 300.39 85.06 -2.43
2017-03-31 646.59 215.93 81.46 -1.24
2016-12-31 547.17 126.75 76.95
2016-09-30 441.10 62.54 63.34 2.54
2016-06-30 355.42 3.34 52.58 5.06
2016-03-31 327.20 5.72 47.83 4.89
2015-12-31 326.50 12.09 43.79 4.99
2015-09-30 315.22 13.02 42.35 5.41
2015-06-30 314.15 18.66 38.42 5.27
2015-03-31 311.94 19.63 37.75 5.27
2014-12-31 298.46 18.90 37.39 5.11
2014-09-30 292.35 19.62 35.24 5.22
2014-06-30 284.62 18.42 35.20 4.91
2014-03-31 278.07 17.21 34.12 5.04
2013-12-31 275.66 16.58 33.16 4.98
2013-09-30 286.51 16.84 33.72 4.81
2013-06-30 276.71 13.72 32.47 5.16
2013-03-31 277.27 13.84 32.06 4.32
2012-12-31 266.47 11.50 31.38 4.46
2012-09-30 260.21 10.29 29.39 3.61

*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.
  • Whilst China Baofeng (International) has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • China Baofeng (International) used its assets more efficiently than the HK Consumer Durables industry average last year based on Return on Assets.
  • China Baofeng (International) has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess China Baofeng (International)'s performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Consumer Durables industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
China Baofeng (International) has a total score of 3/6, 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.

3966 Health

 How is China Baofeng (International)'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 Baofeng (International)'s finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • China Baofeng (International) is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • China Baofeng (International)'s cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of China Baofeng (International)'s finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.2x 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 Baofeng (International) Company Filings, last reported 1 month ago.

SEHK:3966 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 1,650.01 1,707.13 376.59
2019-03-31 1,650.01 1,707.13 376.59
2018-12-31 1,457.18 7.03 72.45
2018-09-30 1,456.49 7.02 72.41
2018-06-30 1,054.12 210.91 55.88
2018-03-31 998.68 199.82 52.94
2017-12-31 809.21 229.42 50.52
2017-09-30 827.67 234.66 51.67
2017-06-30 590.18 234.05 153.94
2017-03-31 602.08 238.78 157.05
2016-12-31 408.64 223.86 283.27
2016-09-30 392.45 214.99 272.04
2016-06-30 121.50 111.39 27.38
2016-03-31 117.99 108.17 26.59
2015-12-31 71.61 0.00 16.75
2015-09-30 70.12 0.00 16.40
2015-06-30 63.65 0.00 22.57
2015-03-31 68.95 0.00 17.40
2014-12-31 68.97 0.00 17.40
2014-09-30 56.91 0.00 13.15
2014-06-30 57.77 0.00 13.35
2014-03-31 61.71 0.00 20.35
2013-12-31 60.12 0.00 19.83
2013-09-30
2013-06-30 50.32 0.00 17.19
2013-03-31 52.39 0.00 16.50
2012-12-31 52.62 0.00 16.57
2012-09-30
  • China Baofeng (International)'s level of debt (103.5%) compared to net worth is high (greater than 40%).
  • Unable to establish if China Baofeng (International)'s debt level has increased without past 5-year debt data.
  • Debt is not well covered by operating cash flow (5.4%, less than 20% of total debt).
  • China Baofeng (International) earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess China Baofeng (International)'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 Baofeng (International) 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.

3966 Dividends

 What is China Baofeng (International)'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
14.29%
Current annual income from China Baofeng (International) dividends.
If you bought HK$2,000 of China Baofeng (International) shares you are expected to receive HK$286 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 Baofeng (International)'s pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.3%).
  • China Baofeng (International)'s dividend is above the markets top 25% of dividend payers in Hong Kong (6.25%).
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:3966 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 Consumer Durables Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 3.1%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 977 Stocks 3.9%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.3%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.3%
Hong Kong Top 25% Dividend Yield 75th Percentile 6.3%

Industry and Market average data is calculated daily.

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

SEHK:3966 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
SEHK:3966 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-08-16 0.359 14.286
2016-08-23 0.000 0.000
2016-08-15 0.000 0.000
2016-04-11 0.000 0.000
2016-03-31 0.000 0.000
2015-03-23 0.026 2.738
2015-03-16 0.026 4.402
2014-03-20 0.024 5.504
2014-03-07 0.024 5.224
2013-03-26 0.016 5.653
2013-03-18 0.016 6.918

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

  • China Baofeng (International) 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 Baofeng (International) only paid a dividend in the past 6 years.
Current Payout to shareholders
What portion of China Baofeng (International)'s earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.5x 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 Baofeng (International)'s dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - 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 Baofeng (International) afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. China Baofeng (International) has a total score of 3/6, see the detailed checks below.


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

3966 Management

 What is the CEO of China Baofeng (International)'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
Zidong Dang
COMPENSATION CN¥252,000
AGE 29
TENURE AS CEO 3.5 years
CEO Bio

Mr. Zidong Dang has been Chief Executive Officer and Executive Director at Mastercraft International Holdings Limited since February 19, 2016. Mr. Dang serves as the general manager of Ningxia Huixin Microfinance Co., Ltd. Mr. Dang was responsible for sales in Ningxia Baofeng Energy Group Co., Ltd. He served as manager, marketing planning department of Huifengxiang Commercial Holdings Co., Ltd. Mr. Dang is determined with reference to, among other things, his experience, his role and responsibilities with Mastercraft International Holdings Limited and the prevailing market conditions. Mr. Dang graduated from Beijing Geely University in 2012 with a degree in industry and business administration.

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

Yanbao Dang

TITLE
Chairman
COMPENSATION
CN¥2M
AGE
45

Zidong Dang

TITLE
CEO & Executive Director
COMPENSATION
CN¥252K
AGE
29
TENURE
3.5 yrs

Yuanguan Liu

TITLE
Executive Director
AGE
52

Jianjun Gao

TITLE
Executive Director
AGE
44

Sheung Chi Chan

TITLE
Chief Financial Officer
AGE
40

Yingchen Jiao

TITLE
Company Secretary
AGE
36
TENURE
2.8 yrs
Board of Directors Tenure

Average tenure and age of the China Baofeng (International) board of directors in years:

3.5
Average Tenure
52
Average Age
  • The tenure for the China Baofeng (International) board of directors is about average.
Board of Directors

Yanbao Dang

TITLE
Chairman
COMPENSATION
CN¥2M
AGE
45
TENURE
3.5 yrs

Zidong Dang

TITLE
CEO & Executive Director
COMPENSATION
CN¥252K
AGE
29
TENURE
3.5 yrs

Yuanguan Liu

TITLE
Executive Director
AGE
52
TENURE
3.6 yrs

Jianjun Gao

TITLE
Executive Director
AGE
44
TENURE
3.6 yrs

Anthony Tyen

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥360K
AGE
63
TENURE
3.5 yrs

Xuewen Guo

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥360K
AGE
53
TENURE
3.5 yrs

Hoo Cheng

TITLE
Non-Executive Director
COMPENSATION
CN¥240K
AGE
57
TENURE
3.5 yrs

Zuoquan Xia

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥240K
AGE
56
TENURE
3.5 yrs

Jimmy Chung

TITLE
Non-Executive Director
COMPENSATION
CN¥360K
AGE
49
TENURE
2.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
X
Management checks
We assess China Baofeng (International)'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 Baofeng (International) 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.

3966 News

Simply Wall St News

These 4 Measures Indicate That China Baofeng (International) (HKG:3966) Is Using Debt Safely

SEHK:3966 Historical Debt, August 2nd 2019 A Look At China Baofeng (International)'s Liabilities Zooming in on the latest balance sheet data, we can see that China Baofeng (International) had liabilities of HK$156.7m due within 12 months and liabilities of HK$232.0k due beyond that. … While China Baofeng (International) has net cash on its balance sheet, it's still worth taking a look at its ability to convert earnings before interest and tax (EBIT) to free cash flow, to help us understand how quickly it is building (or eroding) that cash balance. … Over the last three years, China Baofeng (International) saw substantial negative free cash flow, in total.

Simply Wall St -

Has China Baofeng (International) Limited (HKG:3966) Improved Earnings Growth In Recent Times?

Check out our latest analysis for China Baofeng (International) How 3966 fared against its long-term earnings performance and its industry 3966's trailing twelve-month earnings (from 31 December 2018) of HK$532m has jumped 19% compared to the previous year. … While China Baofeng (International) has a good historical track record with positive growth and profitability, there's no certainty that this will extrapolate into the future. … You should continue to research China Baofeng (International) to get a more holistic view of the stock by looking at: Future Outlook: What are well-informed industry analysts predicting for 3966’s future growth?

Simply Wall St -

What Type Of Shareholder Owns China Baofeng (International) Limited's (HKG:3966)?

As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.' China Baofeng (International) is not a large company by global standards. … See our latest analysis for China Baofeng (International) SEHK:3966 Ownership Summary, July 6th 2019 What Does The Lack Of Institutional Ownership Tell Us About China Baofeng (International)? … Insider Ownership Of China Baofeng (International) The definition of an insider can differ slightly between different countries, but members of the board of directors always count.

Simply Wall St -

Read This Before You Buy China Baofeng (International) Limited (HKG:3966) Because Of Its P/E Ratio

China Baofeng (International) has a price to earnings ratio of 2.92, based on the last twelve months. … The formula for price to earnings is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for China Baofeng (International): P/E of 2.92 = HK$2.54 ÷ HK$0.87 (Based on the year to December 2018.) Is A High Price-to-Earnings Ratio Good? … China Baofeng (International)'s Balance Sheet Since China Baofeng (International) holds net cash of HK$74m, it can spend on growth, justifying a higher P/E ratio than otherwise.

Simply Wall St -

Shareholders Are Raving About How The China Baofeng (International) (HKG:3966) Share Price Increased 306%

The most important thing for savvy investors to consider is whether the underlying business can justify the share price gain. … By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … During five years of share price growth, China Baofeng (International) achieved compound earnings per share (EPS) growth of 81% per year.

Simply Wall St -

Does China Baofeng (International) Limited's (HKG:3966) Recent Track Record Look Strong?

Measuring China Baofeng (International) Limited's (HKG:3966) track record of past performance is an insightful exercise for investors. … Below, I will assess 3966's recent performance announced on 31 December 2018 and compare these figures to its historical trend and industry movements. … However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 66%, indicating the rate at which 3966 is growing has slowed down

Simply Wall St -

Could China Baofeng (International) Limited's (HKG:3966) Investor Composition Influence The Stock Price?

If you want to know who really controls China Baofeng (International) Limited (HKG:3966), then you'll have to look at the makeup of its share registry. … China Baofeng (International) is a smaller company with a market capitalization of HK$1.7b, so it may still be flying under the radar of many institutional investors. … View our latest analysis for China Baofeng (International)

Simply Wall St -

Is China Baofeng (International) Limited (HKG:3966) A High Quality Stock To Own?

We'll use ROE to examine China Baofeng (International) Limited (HKG:3966), by way of a worked example. … Our data shows China Baofeng (International) has a return on equity of 44% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Is China Baofeng (International) Limited (HKG:3966) A Financially Sound Company?

While small-cap stocks, such as China Baofeng (International) Limited (HKG:3966) with its market cap of HK$1.5b, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Companies operating in the Consumer Durables industry facing headwinds from current disruption,.

Simply Wall St -

Here's What China Baofeng (International) Limited's (HKG:3966) P/E Ratio Is Telling Us

To keep it practical, we'll show how China Baofeng (International) Limited's (HKG:3966) P/E ratio could help you assess the value on offer. … China Baofeng (International) has a price to earnings ratio of 2.08, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

3966 Company Info

Description

China Baofeng (International) Limited, an investment holding company, engages in photovoltaic power generation, and designs and supplies lighting and home furnishing products in Hong Kong, the People’s Republic of China, and North America. The company operates in two segments, Photovoltaic Power Generation Business and Lighting Products Business. The Photovoltaic Power Generation Business segment engages in the development, construction, management, and operation of a solar power plant, as well as sale of electricity. The Lighting Product Business segment is involved in the sale of lighting products, including portable lighting products, such as table lamps, floor lamps, accent lamps, and lamp sets; shades for the lamps; furniture sets, including coffee tables, end tables, and magazine racks; and home decor accessories that include candle holders, picture frames, and sculptures. The company also engages in producing prototypes for lightings and home furnishing products; and the provision of administrative services. It serves mass market retailers, home furnishing stores, furniture stores, and other specialty stores. The company was formerly known as Mastercraft International Holdings Limited and changed its name to China Baofeng (International) Limited in May 2016. China Baofeng (International) Limited was founded in 1994 and is based in Admiralty, Hong Kong.

Details
Name: China Baofeng (International) Limited
3966
Exchange: SEHK
Founded: 1994
HK$1,858,768,800
663,846,000
Website: http://www.baofengintl.com
Address: China Baofeng (International) Limited
Room 3401, Two Pacific Place,
34th Floor,
Admiralty,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 3966 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 20. Jul 2012
Number of employees
Current staff
Staff numbers
196
China Baofeng (International) employees.
Industry
Home Furnishings
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/08/19 12:54
End of day share price update: 2019/08/19 00:00
Last estimates confirmation: 2018/03/23
Last earnings filing: 2019/08/16
Last earnings reported: 2019/06/30
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.