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Yue Yuen Industrial (Holdings)

SEHK:551
Snowflake Description

Established dividend payer with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
551
SEHK
HK$43B
Market Cap
  1. Home
  2. HK
  3. Consumer Durables
Company 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 last earnings update was 128 days ago. More info.


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551 Share Price and Events
7 Day Returns
-1.1%
SEHK:551
1.9%
HK Luxury
1.7%
HK Market
1 Year Returns
-22.3%
SEHK:551
-5.3%
HK Luxury
-9.5%
HK Market
551 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Yue Yuen Industrial (Holdings) (551) -1.1% 1.1% 7.9% -22.3% -1.8% 9%
HK Luxury 1.9% 6.2% 17.5% -5.3% 21% 9.5%
HK Market 1.7% 3.7% 14.2% -9.5% 29.3% 20.7%
1 Year Return vs Industry and Market
  • 551 underperformed the Luxury industry which returned -5.3% over the past year.
  • 551 underperformed the Market in Hong Kong which returned -9.5% over the past year.
Price Volatility
551
Industry
5yr Volatility vs Market

551 Value

 Is Yue Yuen Industrial (Holdings) undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of 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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Yue Yuen Industrial (Holdings).

SEHK:551 Discounted Cash Flow Data Sources
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 8.2%
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:551
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6.7%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.69
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.686 (1 + (1- 25%) (40.06%))
0.927
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.93
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (0.927 * 6.65%)
8.17%

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 try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

SEHK:551 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.17%)
2019 178.59 Analyst x2 165.11
2020 302.89 Analyst x2 258.87
2021 312.97 Est @ 3.33% 247.28
2022 322.14 Est @ 2.93% 235.30
2023 330.69 Est @ 2.65% 223.30
2024 338.81 Est @ 2.46% 211.50
2025 346.68 Est @ 2.32% 200.07
2026 354.39 Est @ 2.23% 189.07
2027 362.04 Est @ 2.16% 178.56
2028 369.69 Est @ 2.11% 168.56
Present value of next 10 years cash flows $2,077.61
SEHK:551 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $369.69 × (1 + 2%) ÷ (8.17% – 2%)
$6,114.61
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $6,114.61 ÷ (1 + 8.17%)10
$2,788.02
SEHK:551 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $2,077.61 + $2,788.02
$4,865.63
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $4,865.63 / 1,600.89
$3.04
SEHK:551 Discount to Share Price
Calculation Result
Exchange Rate USD/HKD
(Reporting currency to currency of SEHK:551)
7.85
Value per Share
(HKD)
= Value per Share in USD x Exchange Rate (USD/HKD)
= $3.04 x 7.85
HK$23.86
Value per share (HKD) From above. HK$23.86
Current discount Discount to share price of HK$26.60
= -1 x (HK$26.60 - HK$23.86) / HK$23.86
-11.5%

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.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for 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?
Raw Data
SEHK:551 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in USD $0.20
SEHK:551 Share Price ** SEHK (2019-03-21) in HKD HK$26.6
SEHK:551 Share Price converted to USD reporting currency Exchange rate (HKD/ USD) 0.127 $3.39
Hong Kong Luxury Industry PE Ratio Median Figure of 80 Publicly-Listed Luxury Companies 10.56x
Hong Kong Market PE Ratio Median Figure of 1,498 Publicly-Listed Companies 10.92x

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

** Primary Listing of Yue Yuen Industrial (Holdings).

SEHK:551 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:551 Share Price ÷ EPS (both in USD)

= 3.39 ÷ 0.20

16.89x

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?
Raw Data
SEHK:551 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.89x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
17.2%per year
Hong Kong Luxury Industry PEG Ratio Median Figure of 22 Publicly-Listed Luxury Companies 0.74x
Hong Kong Market PEG Ratio Median Figure of 469 Publicly-Listed Companies 0.8x

*Line of best fit is calculated by linear regression .

SEHK:551 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 16.89x ÷ 17.2%

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?
Raw Data
SEHK:551 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in USD $2.52
SEHK:551 Share Price * SEHK (2019-03-21) in HKD HK$26.6
SEHK:551 Share Price converted to USD reporting currency Exchange rate (HKD/ USD) 0.127 $3.39
Hong Kong Luxury Industry PB Ratio Median Figure of 120 Publicly-Listed Luxury Companies 1.07x
Hong Kong Market PB Ratio Median Figure of 2,138 Publicly-Listed Companies 0.99x
SEHK:551 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:551 Share Price ÷ Book Value per Share (both in USD)

= 3.39 ÷ 2.52

1.34x

* 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.
X
Value checks
We assess Yue Yuen Industrial (Holdings)'s value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check)
  5. 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

 How is Yue Yuen Industrial (Holdings) expected to perform in the next 1 to 3 years based on estimates from 7 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
17.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Yue Yuen Industrial (Holdings) expected to grow at an attractive rate?
  • 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
Raw Data
SEHK:551 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:551 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 17.2%
SEHK:551 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 4.6%
Hong Kong Luxury Industry Earnings Growth Rate Market Cap Weighted Average 16.2%
Hong Kong Luxury Industry Revenue Growth Rate Market Cap Weighted Average 12.1%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.8%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 9.9%

*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:551 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:551 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 10,585 740 487 7
2019-12-31 10,095 702 422 7
2018-12-31 9,660 562 352 8
SEHK:551 Past Financials Data
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.

Super high growth metrics
High Growth Checks
  • Yue Yuen Industrial (Holdings)'s earnings are expected to grow by 17.2% yearly, however this is not considered high growth (20% yearly).
  • Yue Yuen Industrial (Holdings)'s revenue is expected to grow by 4.6% 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:551 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 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 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:551 Future Estimates Data
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
SEHK:551 Past Financials Data
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%).
X
Future performance checks
We assess Yue Yuen Industrial (Holdings)'s future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
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
Below we compare Yue Yuen Industrial (Holdings)'s growth in the last year to its industry (Luxury).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 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
Yue Yuen Industrial (Holdings)'s revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Yue Yuen Industrial (Holdings) Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:551 Past Revenue, Cash Flow and Net Income Data
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).
X
Past performance checks
We assess Yue Yuen Industrial (Holdings)'s performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
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.
Net Worth
  • 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
This treemap shows a more detailed breakdown of Yue Yuen Industrial (Holdings)'s finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is 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.
Raw Data

All data from Yue Yuen Industrial (Holdings) Company Filings, last reported 5 months ago.

SEHK:551 Past Debt and Equity Data
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).
X
Financial health checks
We assess Yue Yuen Industrial (Holdings)'s financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Yue Yuen Industrial (Holdings) 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.

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
Dividend payments
5.64%
Current annual income from Yue Yuen Industrial (Holdings) dividends. Estimated to be 5.56% next year.
If you bought HK$2,000 of Yue Yuen Industrial (Holdings) shares you are expected to receive HK$113 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?
  • 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 (5.3%).
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:551 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 7 Analyst Estimates (S&P Global) See Below
Hong Kong Luxury Industry Average Dividend Yield Market Cap Weighted Average of 53 Stocks 2.8%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 924 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 5.3%

Industry and Market average data is calculated daily.

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

SEHK:551 Future Dividends Estimate Data
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
SEHK:551 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-04-20 0.191 6.508
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
2009-03-23 0.115 4.691

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).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.3x coverage).
X
Income/ dividend checks
We assess Yue Yuen Industrial (Holdings)'s dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 Yue Yuen Industrial (Holdings) afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. 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

 What is the CEO of Yue Yuen Industrial (Holdings)'s salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Patty Tsai
COMPENSATION $349,000
AGE 38
TENURE AS CEO 5.8 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 about average for companies of similar size in Hong Kong.
Management Team

Chin-Chu Lu

TITLE
Chairman
COMPENSATION
$770K
AGE
64

Patty Tsai

TITLE
MD & Executive Director
COMPENSATION
$349K
AGE
38
TENURE
5.8 yrs

Jerry Lin

TITLE
Senior EVP & Executive Director
COMPENSATION
$383K
AGE
58

Lu Chan

TITLE
Executive Director
COMPENSATION
$274K
AGE
63

George Liu

TITLE
Executive Director
COMPENSATION
$527K
AGE
45

Ming Tsai

TITLE
Executive Director
COMPENSATION
$288K
AGE
41

Chia-Ho Hu

TITLE
Executive Director
COMPENSATION
$137K
AGE
49

Dien Hu

TITLE
Executive Director
COMPENSATION
$429K
AGE
38

Dickens Chau

TITLE
Director of Finance & Treasury
AGE
54

Christina Yau

TITLE
Director of Accounting & Special Projects
AGE
57
Board of Directors Tenure

Average tenure and age of the Yue Yuen Industrial (Holdings) board of directors in years:

5.4
Average Tenure
53.5
Average Age
  • The tenure for the Yue Yuen Industrial (Holdings) board of directors is about average.
Board of Directors

Chin-Chu Lu

TITLE
Chairman
COMPENSATION
$770K
AGE
64
TENURE
5 yrs

Patty Tsai

TITLE
MD & Executive Director
COMPENSATION
$349K
AGE
38
TENURE
14.2 yrs

Jerry Lin

TITLE
Senior EVP & Executive Director
COMPENSATION
$383K
AGE
58
TENURE
4 yrs

Lu Chan

TITLE
Executive Director
COMPENSATION
$274K
AGE
63
TENURE
18 yrs

George Liu

TITLE
Executive Director
COMPENSATION
$527K
AGE
45
TENURE
5.8 yrs

Ming Tsai

TITLE
Executive Director
COMPENSATION
$288K
AGE
41
TENURE
5.8 yrs

Chia-Ho Hu

TITLE
Executive Director
COMPENSATION
$137K
AGE
49
TENURE
4 yrs

Dien Hu

TITLE
Executive Director
COMPENSATION
$429K
AGE
38
TENURE
2 yrs

Harry Huang

TITLE
Independent Non-Executive Director
COMPENSATION
$35K
AGE
78
TENURE
9 yrs

Hak Wong

TITLE
Independent Non-Executive Director
AGE
61
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
X
Management checks
We assess Yue Yuen Industrial (Holdings)'s management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. 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

Should You Worry About Yue Yuen Industrial (Holdings) Limited's (HKG:551) CEO Pay?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Patty Tsai's Compensation Compare With Similar Sized Companies. … According to our data, Yue Yuen Industrial (Holdings) Limited has a market capitalization of HK$42b, and pays its CEO total annual compensation worth US$349k.

Simply Wall St -

Some Yue Yuen Industrial (Holdings) Shareholders Are Down 20%

While it may not be enough for some shareholders, we think it is good to see the Yue Yuen Industrial (Holdings) Limited (HKG:551) share price up 13% in a single quarter. … But in truth the last year hasn't been good for the share price. … One flawed but reasonable way to assess how sentiment around a company has changed, is to compare the earnings per share (EPS) with the share price.

Simply Wall St -

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 -

Why 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 -

Should 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 -

Yue 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 -

What 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 -

What 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 -

Yue 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 -

Why 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 -

551 Company Info

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$43,143,931,222
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
Staff numbers
345,000
Yue Yuen Industrial (Holdings) employees.
Industry
Footwear
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/21 12:35
End of day share price update: 2019/03/21 00:00
Last estimates confirmation: 2019/03/13
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.