Yue Yuen Industrial (Holdings)
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Yue Yuen Industrial (Holdings) Limited, an investment holding company, engages in the manufacturing, marketing, and retailing of athletic footwear, athletic style leisure footwear, and casual and outdoor footwear in the People’s Republic of China, the United States, Europe, and internationally. The last earnings update was 102 days ago. More info.
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551 Share Price and Events
7 Day Returns
1 Year Returns
551 Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Yue Yuen Industrial (Holdings) (551) | 1.6% | 1.6% | 12.2% | -18% | -4.2% | 10.3% |
| HK Luxury | 1.6% | 7.9% | 7.1% | -7.6% | 19.3% | 3.3% |
| HK Market | 4% | 7.9% | 10.4% | -10.7% | 37.6% | 16.4% |
1 Year Return vs Industry and Market
- 551 underperformed the Luxury industry which returned -7.6% over the past year.
- 551 underperformed the Market in Hong Kong which returned -10.7% over the past year.
551 Value
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
Yue Yuen Industrial (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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Yue Yuen Industrial (Holdings).
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 7 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 9.7% |
| 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.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year HK Govt Bond Rate | 2% |
| Equity Risk Premium | S&P Global | 8% |
| Luxury Unlevered Beta | Simply Wall St/ S&P Global | 0.74 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.74 (1 + (1- 25%) (41.2%)) |
0.969 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.97 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (0.969 * 8%) |
9.75% |
Discounted Cash Flow Calculation for SEHK:551 using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Yue Yuen Industrial (Holdings) is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.
| 2019 | 2020 | 2021 | 2022 | 2023 | |
| Levered FCF (USD, Millions) | 178.59 | 302.89 | 315.95 | 329.56 | 343.76 |
| Source | Analyst x2 | Analyst x2 | Est @ 4.31% | Est @ 4.31% | Est @ 4.31% |
|
Present Value Discounted (@ 9.75%) |
162.73 | 251.47 | 239.01 | 227.16 | 215.90 |
| Present value of next 5 years cash flows | $1,096.27 |
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2023
× (1 + g) ÷ (Discount Rate – g)
= $343.76 × (1 + 2%) ÷ (9.75% – 2%) |
$4,526.78 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)5
= $4,526.78 ÷ (1 + 9.75%)5 |
$2,843.04 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 5 years cash flows +
Terminal Value
= $1,096.27 + $2,843.04 |
$3,939.31 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $3,939.31 / 1,600.89 |
$2.46 |
| Calculation | Result | |
|---|---|---|
| Exchange Rate | USD/HKD
(Reporting currency to currency of SEHK:551) |
7.848 |
| Value per Share (HKD) |
= Value per Share in USD x Exchange Rate (USD/HKD)
= $2.46 x 7.848 |
HK$19.31 |
| Value per share (HKD) | From above. | HK$19.31 |
| Current discount | Discount to share price of
HK$26.20
= -1 x (HK$26.20 - HK$19.31) / HK$19.31 |
-35.7% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Yue Yuen Industrial (Holdings) is above its future cash flow value.
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 Yue Yuen Industrial (Holdings)'s earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Yue Yuen Industrial (Holdings)'s earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-09-30) in USD | $0.20 |
| SEHK:551 Share Price ** | SEHK (2019-02-22) in HKD | HK$26.2 |
| SEHK:551 Share Price converted to USD reporting currency | Exchange rate (HKD/ USD) 0.127 | $3.34 |
| Hong Kong Luxury Industry PE Ratio | Median Figure of 78 Publicly-Listed Luxury Companies | 10.21x |
| Hong Kong Market PE Ratio | Median Figure of 1,481 Publicly-Listed Companies | 10.91x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Yue Yuen Industrial (Holdings).
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = SEHK:551 Share Price ÷ EPS (both in USD) = 3.34 ÷ 0.20 |
16.63x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Yue Yuen Industrial (Holdings) is overvalued based on earnings compared to the HK Luxury industry average.
- Yue Yuen Industrial (Holdings) is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does
Yue Yuen Industrial (Holdings)'s expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 16.63x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts |
16.9%per year |
| Hong Kong Luxury Industry PEG Ratio | Median Figure of 22 Publicly-Listed Luxury Companies | 0.75x |
| Hong Kong Market PEG Ratio | Median Figure of 467 Publicly-Listed Companies | 0.78x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 16.63x ÷ 16.9% |
0.98x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Yue Yuen Industrial (Holdings) is good value based on expected growth next year.
Price based on value of assets
What value do investors place on
Yue Yuen Industrial (Holdings)'s
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-09-30) in USD | $2.52 |
| SEHK:551 Share Price * | SEHK (2019-02-22) in HKD | HK$26.2 |
| SEHK:551 Share Price converted to USD reporting currency | Exchange rate (HKD/ USD) 0.127 | $3.34 |
| Hong Kong Luxury Industry PB Ratio | Median Figure of 118 Publicly-Listed Luxury Companies | 1.03x |
| Hong Kong Market PB Ratio | Median Figure of 2,118 Publicly-Listed Companies | 0.98x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = SEHK:551 Share Price ÷ Book Value per Share (both in USD) = 3.34 ÷ 2.52 |
1.32x |
* Primary Listing of Yue Yuen Industrial (Holdings).
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Yue Yuen Industrial (Holdings) is overvalued based on assets compared to the HK Luxury industry average.
Value checks
We assess Yue Yuen Industrial (Holdings)'s value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check) Yue Yuen Industrial (Holdings) has a total score of 1/6, 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.
551 Future Performance
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!
Earnings growth vs Low Risk Savings
- Yue Yuen Industrial (Holdings)'s earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
- Yue Yuen Industrial (Holdings)'s earnings growth is expected to exceed the Hong Kong market average.
- Yue Yuen Industrial (Holdings)'s revenue growth is positive but not above the Hong Kong market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| SEHK:551 Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts | 16.9% |
| SEHK:551 Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts | 4.5% |
| Hong Kong Luxury Industry Earnings Growth Rate | Market Cap Weighted Average | 17.1% |
| Hong Kong Luxury Industry Revenue Growth Rate | Market Cap Weighted Average | 12% |
| Hong Kong Market Earnings Growth Rate | Market Cap Weighted Average | 11.6% |
| Hong Kong Market Revenue Growth Rate | Market Cap Weighted Average | 9.8% |
*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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (4 months ago) | See Below |
| Future Estimates | Average of up to 7 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 10,519 | 740 | 486 | 7 |
| 2019-12-31 | 10,027 | 702 | 423 | 7 |
| 2018-12-31 | 9,609 | 562 | 353 | 8 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-09-30 | 9,555 | 328 | |
| 2018-06-30 | 9,443 | 565 | 411 |
| 2018-03-31 | 9,308 | 490 | |
| 2017-12-31 | 9,121 | 593 | 519 |
| 2017-09-30 | 8,905 | 552 | |
| 2017-06-30 | 8,648 | 578 | 544 |
| 2017-03-31 | 8,553 | 564 | |
| 2016-12-31 | 8,481 | 498 | 535 |
| 2016-09-30 | 8,451 | 483 | |
| 2016-06-30 | 8,470 | 549 | 429 |
| 2016-03-31 | 8,496 | 395 | |
| 2015-12-31 | 8,435 | 792 | 390 |
*GAAP earnings excluding extraordinary items.
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 7 Analyst Estimates (S&P Global) | See Below |
All data from Yue Yuen Industrial (Holdings) Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 0.30 | 0.31 | 0.27 | 7.00 |
| 2019-12-31 | 0.26 | 0.29 | 0.23 | 7.00 |
| 2018-12-31 | 0.21 | 0.28 | 0.17 | 8.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-09-30 | 0.20 |
| 2018-06-30 | 0.25 |
| 2018-03-31 | |
| 2017-12-31 | 0.32 |
| 2017-09-30 | |
| 2017-06-30 | 0.33 |
| 2017-03-31 | |
| 2016-12-31 | 0.32 |
| 2016-09-30 | |
| 2016-06-30 | 0.26 |
| 2016-03-31 | |
| 2015-12-31 | 0.24 |
*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.
- Yue Yuen Industrial (Holdings) is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
Future performance checks
We assess Yue Yuen Industrial (Holdings)'s future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Yue Yuen Industrial (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.
551 Past Performance
How has Yue Yuen Industrial (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
Past Earnings growth analysis
- Yue Yuen Industrial (Holdings)'s year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
- Yue Yuen Industrial (Holdings)'s 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Yue Yuen Industrial (Holdings)'s 1-year earnings growth is negative, it can't be compared to the HK Luxury industry average.
Earnings and Revenue History
All data from Yue Yuen Industrial (Holdings) Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-09-30 | 9,555.30 | 327.93 | 1,773.12 | |
| 2018-06-30 | 9,442.61 | 410.80 | 1,741.73 | |
| 2018-03-31 | 9,308.01 | 490.18 | 1,689.47 | |
| 2017-12-31 | 9,121.43 | 519.23 | 1,621.92 | |
| 2017-09-30 | 8,905.27 | 551.65 | 1,583.63 | |
| 2017-06-30 | 8,647.95 | 544.37 | 1,486.90 | |
| 2017-03-31 | 8,553.09 | 563.72 | 1,467.64 | |
| 2016-12-31 | 8,480.56 | 534.56 | 1,415.83 | |
| 2016-09-30 | 8,450.66 | 483.36 | 1,474.21 | |
| 2016-06-30 | 8,470.27 | 428.61 | 1,452.21 | |
| 2016-03-31 | 8,496.18 | 395.40 | 1,474.66 | |
| 2015-12-31 | 8,434.92 | 390.18 | 1,459.99 | |
| 2015-09-30 | 8,355.07 | 407.60 | 1,404.09 | |
| 2015-06-30 | 8,307.53 | 439.86 | 1,372.46 | |
| 2015-03-31 | 8,146.64 | 350.94 | 1,318.70 | |
| 2014-12-31 | 8,013.43 | 331.02 | 1,282.38 | |
| 2014-09-30 | 7,958.88 | 313.25 | 1,249.25 | |
| 2014-06-30 | 7,834.48 | 341.77 | 1,232.99 | |
| 2014-03-31 | 7,706.80 | 443.36 | 1,205.74 | |
| 2013-12-31 | 7,582.47 | 434.77 | 1,187.39 | |
| 2013-09-30 | 7,528.82 | 479.07 | 1,187.91 | |
| 2013-06-30 | 7,404.57 | 421.30 | 1,169.46 | |
| 2013-03-31 | 7,362.66 | 437.54 | 1,170.83 | |
| 2012-12-31 | 7,354.58 | 498.96 | 1,173.02 | |
| 2012-09-30 | 7,297.89 | 506.24 | 1,151.39 | |
| 2012-06-30 | 7,421.53 | 527.81 | 1,154.79 | |
| 2012-03-31 | 7,357.43 | 498.59 | 1,124.39 |
*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.
- Yue Yuen Industrial (Holdings) has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Yue Yuen Industrial (Holdings) used its assets less efficiently than the HK Luxury industry average last year based on Return on Assets.
- Yue Yuen Industrial (Holdings)'s use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Yue Yuen Industrial (Holdings)'s performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Yue Yuen Industrial (Holdings) has a total score of 1/6, 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.
551 Health
How is Yue Yuen Industrial (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 Yue Yuen Industrial (Holdings)'s finances.
The net worth of a company is the difference between its assets and liabilities.
- Yue Yuen Industrial (Holdings) is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Yue Yuen Industrial (Holdings)'s cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 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.
All data from Yue Yuen Industrial (Holdings) Company Filings, last reported 4 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-09-30 | 4,528.21 | 2,201.52 | 1,015.84 |
| 2018-06-30 | 4,528.21 | 2,201.52 | 1,015.84 |
| 2018-03-31 | 4,670.05 | 1,980.06 | 1,072.31 |
| 2017-12-31 | 4,670.05 | 1,980.06 | 1,072.31 |
| 2017-09-30 | 5,190.75 | 1,207.57 | 1,006.63 |
| 2017-06-30 | 5,190.75 | 1,207.57 | 1,006.63 |
| 2017-03-31 | 5,094.00 | 1,001.76 | 1,059.35 |
| 2016-12-31 | 5,094.00 | 1,001.76 | 1,059.35 |
| 2016-09-30 | 4,953.56 | 894.59 | 933.46 |
| 2016-06-30 | 4,953.56 | 894.59 | 933.46 |
| 2016-03-31 | 4,866.21 | 862.51 | 1,055.53 |
| 2015-12-31 | 4,866.21 | 862.51 | 1,055.53 |
| 2015-09-30 | 4,846.43 | 883.92 | 993.41 |
| 2015-06-30 | 4,846.43 | 883.92 | 993.41 |
| 2015-03-31 | 4,781.44 | 949.35 | 971.92 |
| 2014-12-31 | 4,781.44 | 949.35 | 971.92 |
| 2014-09-30 | 4,633.98 | 874.44 | 907.83 |
| 2014-06-30 | 4,633.98 | 874.44 | 907.83 |
| 2014-03-31 | 4,736.45 | 939.52 | 931.35 |
| 2013-12-31 | 4,736.45 | 939.52 | 931.35 |
| 2013-09-30 | 4,561.19 | 1,012.08 | 695.54 |
| 2013-06-30 | 4,561.19 | 1,012.08 | 695.54 |
| 2013-03-31 | 4,421.40 | 1,099.01 | 818.18 |
| 2012-12-31 | 4,421.40 | 1,099.01 | 818.18 |
| 2012-09-30 | 4,426.14 | 1,168.32 | 808.55 |
| 2012-06-30 | 4,283.15 | 1,385.66 | 930.14 |
| 2012-03-31 | 4,283.15 | 1,385.66 | 930.14 |
- Yue Yuen Industrial (Holdings)'s level of debt (48.6%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (22.2% vs 48.6% today).
- Debt is well covered by operating cash flow (25.7%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 6.7x coverage).
Financial health checks
We assess Yue Yuen Industrial (Holdings)'s financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Yue Yuen Industrial (Holdings) has a total score of 4/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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.
551 Dividends
What is Yue Yuen Industrial (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
If you bought
HK$2,000 of
Yue Yuen Industrial (Holdings)
shares you are expected to receive
HK$114
in your first year as a dividend.
Dividend Amount
- Yue Yuen Industrial (Holdings)'s pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (1.97%).
- Yue Yuen Industrial (Holdings)'s dividend is above the markets top 25% of dividend payers in Hong Kong (5.42%).
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.
| 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 7 Analyst Estimates (S&P Global) | See Below |
| Hong Kong Luxury Industry Average Dividend Yield | Market Cap Weighted Average of 56 Stocks | 3.3% |
| Hong Kong Market Average Dividend Yield | Market Cap Weighted Average of 916 Stocks | 3.4% |
| Hong Kong Minimum Threshold Dividend Yield | 10th Percentile | 1.1% |
| Hong Kong Bottom 25% Dividend Yield | 25th Percentile | 2% |
| Hong Kong Top 25% Dividend Yield | 75th Percentile | 5.4% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2020-12-31 | 0.20 | 8.00 |
| 2019-12-31 | 0.18 | 8.00 |
| 2018-12-31 | 0.18 | 9.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2018-04-20 | 0.191 | 6.584 |
| 2018-03-23 | 0.191 | 5.414 |
| 2017-04-21 | 0.178 | 4.426 |
| 2017-03-24 | 0.180 | 4.535 |
| 2016-08-12 | 0.154 | 4.090 |
| 2016-04-21 | 0.154 | 3.991 |
| 2015-04-23 | 0.147 | 4.265 |
| 2014-08-14 | 0.142 | 4.089 |
| 2014-04-24 | 0.142 | 4.448 |
| 2013-04-22 | 0.161 | 5.492 |
| 2013-03-26 | 0.161 | 4.881 |
| 2012-12-17 | 0.129 | 3.864 |
| 2012-11-28 | 0.129 | 3.776 |
| 2012-05-30 | 0.117 | 3.663 |
| 2011-12-30 | 0.116 | 3.487 |
| 2011-05-31 | 0.115 | 3.939 |
| 2011-01-27 | 0.116 | 3.484 |
| 2011-01-20 | 0.116 | 3.360 |
| 2010-06-15 | 0.114 | 3.344 |
| 2010-01-21 | 0.114 | 3.601 |
| 2009-11-30 | 0.115 | 3.842 |
| 2009-10-15 | 0.115 | 3.945 |
| 2009-02-24 | 0.115 | 4.833 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been stable in the past 10 years.
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
Yue Yuen Industrial (Holdings)'s earnings are
paid
to the shareholders as a dividend.
- Dividends paid are not well covered by earnings (1x coverage).
- Dividends after 3 years are expected to be covered by earnings (1.3x coverage).
Income/ dividend checks
We assess Yue Yuen Industrial (Holdings)'s dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Yue Yuen Industrial (Holdings) afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Yue Yuen Industrial (Holdings) has a total score of 5/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
551 Management
CEO
| COMPENSATION | $349,000 |
| AGE | 38 |
| TENURE AS CEO | 5.7 years |
CEO Bio
Ms. Pei-Chun Tsai, also known as Patty, serves as Chief Executive Officer of Pou Chen Group at Pou Chen Corporation. Ms. Tsai has been Managing Director of Yue Yuen Industrial (Holdings) Limited since June 28, 2013. Ms. Tsai has been a Special Assistant to the Chairman of Pou Chen Corporation of Yue Yuen Group since joining in December 2003 and is responsible for the financial planning and investments. She serves as the Chairman of Pou Chen Corporation. She has been a Non Executive Director at Pou Sheng International (Holdings) Ltd. since April 2008. She has been an Executive Director of Yue Yuen Industrial (Holdings) Limited since January 18, 2005 and Pou Chen Corporation since June 15, 2016. She serves as a Director of Barits International Securities Co. Ltd. in Taiwan. She served as Director of Mega Financial Holding Company. She graduated from the Wharton School of the University of Pennsylvania in May 2002 with a Bachelor of Science degree in Economics, majoring in Finance and a College Minor in Psychology.
CEO Compensation
- Patty's compensation has been consistent with company performance over the past year.
- Patty's remuneration is lower than average for companies of similar size in Hong Kong.
Management Team
Chin-Chu Lu
Chairman
$770K
64
Patty Tsai
MD & Executive Director
$349K
38
5.7 yrs
Jerry Lin
Senior EVP & Executive Director
$383K
58
Lu Chan
Executive Director
$274K
63
George Liu
Executive Director
$527K
45
Ming Tsai
Executive Director
$288K
41
Chia-Ho Hu
Executive Director
$137K
49
Dien Hu
Executive Director
$429K
38
Dickens Chau
Director of Finance & Treasury
54
Christina Yau
Director of Accounting & Special Projects
57
Board of Directors Tenure
Average tenure and age of the Yue Yuen Industrial (Holdings) board of directors in years:
- The tenure for the Yue Yuen Industrial (Holdings) board of directors is about average.
Board of Directors
Chin-Chu Lu
Chairman
$770K
64
4.9 yrs
Patty Tsai
MD & Executive Director
$349K
38
14.1 yrs
Jerry Lin
Senior EVP & Executive Director
$383K
58
3.9 yrs
Lu Chan
Executive Director
$274K
63
17.9 yrs
George Liu
Executive Director
$527K
45
5.7 yrs
Ming Tsai
Executive Director
$288K
41
5.7 yrs
Chia-Ho Hu
Executive Director
$137K
49
3.9 yrs
Dien Hu
Executive Director
$429K
38
1.9 yrs
Harry Huang
Independent Non-Executive Director
$35K
78
8.9 yrs
Hak Wong
Independent Non-Executive Director
61
0.7 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (HK$) | Value (HK$) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Yue Yuen Industrial (Holdings)'s management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Yue Yuen Industrial (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.
551 News
Simply Wall St News
Does The Data Make Yue Yuen Industrial (Holdings) Limited (HKG:551) An Attractive Investment?
Help shape the future of investing tools and you could win a $250 gift card! … Yue Yuen Industrial (Holdings) Limited (HKG:551) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects.
Simply Wall St - – Full articleWhy You Should Care About Yue Yuen Industrial (Holdings) Limited’s (HKG:551) Low Return On Capital
In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Understanding Return On Capital Employed (ROCE). … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.
Simply Wall St - – Full articleShould You Be Tempted To Sell Yue Yuen Industrial (Holdings) Limited (HKG:551) Because Of Its P/E Ratio?
How Do I Calculate Yue Yuen Industrial (Holdings)'s Price To Earnings Ratio … Price to Earnings Ratio = Share Price (in reporting currency) ÷ Earnings per Share (EPS) … P/E of 16.16 = $3.24 (Note: this is the share price in the reporting currency, namely, USD ) ÷ $0.20
Simply Wall St - – Full articleYue Yuen Industrial (Holdings) Limited (HKG:551) Delivered A Weaker ROE Than Its Industry
To keep the lesson grounded in practicality, we'll use ROE to better understand Yue Yuen Industrial (Holdings) Limited (HKG:551). … Over the last twelve months Yue Yuen Industrial (Holdings) has recorded a ROE of 7.9%. … That means that for every HK$1 worth of shareholders' equity, it generated HK$0.079 in profit.
Simply Wall St - – Full articleWhat Kind Of Shareholders Own Yue Yuen Industrial (Holdings) Limited (HKG:551)?
If you want to know who really controls Yue Yuen Industrial (Holdings) Limited (HKG:551), then you'll have to look at the makeup of its share registry. … Yue Yuen Industrial (Holdings) has a market capitalization of HK$36b, so it's too big to fly under the radar. … View our latest analysis for Yue Yuen Industrial (Holdings)
Simply Wall St - – Full articleWhat To Know Before Buying Yue Yuen Industrial (Holdings) Limited (HKG:551) For Its Dividend
Yue Yuen Industrial (Holdings) Limited (HKG:551) has pleased shareholders over the past 10 years, by paying out dividends. … The company currently pays out a dividend yield of 6.5% to shareholders, making it a relatively attractive dividend stock. … Let's dig deeper into whether Yue Yuen Industrial (Holdings) should have a place in your portfolio.
Simply Wall St - – Full articleYue Yuen Industrial (Holdings) Limited (HKG:551): Time For A Financial Health Check
Mid-caps stocks, like Yue Yuen Industrial (Holdings) Limited (HKG:551) with a market capitalization of HK$34.3b, aren’t the focus of most investors who prefer to direct their investments towards either large-cap or small-cap stocks. … Remember this is a very top-level look that focuses exclusively on financial health, so I recommend a deeper analysis. … See our latest analysis for Yue Yuen Industrial (Holdings)
Simply Wall St - – Full articleWhy Yue Yuen Industrial (Holdings) Limited's (HKG:551) CEO Salary Matters To You
This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Patty Tsai's Compensation Compare With Similar Sized Companies. … Our data indicates that Yue Yuen Industrial (Holdings) Limited is worth HK$34.0b, and total annual CEO compensation is US$349k.
Simply Wall St - – Full articleWhat You Must Know About Yue Yuen Industrial (Holdings) Limited's (HKG:551) 9.7% ROE
and want to learn about Return on Equity using a real-life example. … Yue Yuen Industrial (Holdings) Limited (HKG:551) performed in line with its footwear industry on the basis of its ROE – producing a return of 9.7% relative to the peer average of 10.1% over the past 12 months. … See our latest analysis for Yue Yuen Industrial (Holdings)
Simply Wall St - – Full articleWhy Yue Yuen Industrial (Holdings) Limited (HKG:551) Could Be Your Next Investment
Yue Yuen Industrial (Holdings) Limited (HKG:551) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective. … In the case of 551, it
Simply Wall St - – Full article551 Company Info
Map
Description
Yue Yuen Industrial (Holdings) Limited, an investment holding company, engages in the manufacturing, marketing, and retailing of athletic footwear, athletic style leisure footwear, and casual and outdoor footwear in the People’s Republic of China, the United States, Europe, and internationally. The company operates through Manufacturing Business and Retailing Business categories. It operates as an original design manufacturer/original equipment manufacturer for various international brand names, such as Nike, Adidas, Reebok, ASICS, New Balance, Puma, Under Amour, Converse, Merrell, Salomon, and Timberland, as well as retails and distributes sportswear products. The company is also involved in the manufacture of shoe pads, shoe moulds, leather, apparel, and sports sandals; distribution of licensed products; and property leasing, management, and holding activities. The company was founded in 1969 and is headquartered in Kwun Tong, Hong Kong.
Details
| Name: | Yue Yuen Industrial (Holdings) Limited |
| 551 | |
| Exchange: | SEHK |
| Founded: | 1969 |
| HK$41,943,265,233 | |
| 1,600,887,986 | |
| Website: | http://www.yueyuen.com |
| Address: |
Yue Yuen Industrial (Holdings) Limited C-Bons International Center, 22nd Floor, Kwun Tong, Kowloon, Hong Kong |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| SEHK | 551 | Ordinary Shares | The Stock Exchange of Hong Kong Ltd. | HK | HKD | 03. Jul 1992 | |
| OTCPK | YUEI.F | Ordinary Shares | Pink Sheets LLC | US | USD | 03. Jul 1992 | |
| DB | YUE1 | Ordinary Shares | Deutsche Boerse AG | DE | EUR | 03. Jul 1992 | |
| SHSC | 551 | Ordinary Shares | Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect | HK | HKD | 03. Jul 1992 | |
| SZSC | 551 | Ordinary Shares | The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect | HK | HKD | 03. Jul 1992 | |
| OTCPK | YUEI.Y | UNSPONSORD ADR | Pink Sheets LLC | US | USD | 13. Oct 2008 |
Number of employees
Current staff
Industry
| Footwear | |
| Consumer Durables |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/02/23 12:36 |
| End of day share price update: | 2019/02/22 00:00 |
| Last estimates confirmation: | 2019/02/18 |
| Last earnings filing: | 2018/11/13 |
| Last earnings reported: | 2018/09/30 |
| Last annual earnings reported: | 2017/12/31 |
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.
