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Beijing Jingkelong

SEHK:814
Snowflake Description

Undervalued with proven track record and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
814
SEHK
HK$664M
Market Cap
  1. Home
  2. HK
  3. Consumer Retailing
Company description

Beijing Jingkelong Company Limited engages in the retail and wholesale distribution of daily consumer products in the People's Republic of China. The last earnings update was 15 days ago. More info.


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814 Share Price and Events
7 Day Returns
0%
SEHK:814
-0.1%
HK Consumer Retailing
0.5%
HK Market
1 Year Returns
-17.1%
SEHK:814
-24.5%
HK Consumer Retailing
-4.2%
HK Market
814 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Beijing Jingkelong (814) 0% 7.4% 0% -17.1% -12.1% -25.2%
HK Consumer Retailing -0.1% -0.5% -3.4% -24.5% 1.2% -34.2%
HK Market 0.5% 2.3% 11.5% -4.2% 28.1% 21.6%
1 Year Return vs Industry and Market
  • 814 outperformed the Consumer Retailing industry which returned -24.5% over the past year.
  • 814 underperformed the Market in Hong Kong which returned -4.2% over the past year.
Price Volatility
814
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Beijing Jingkelong's competitors could be found in our database.

Value

 Is Beijing Jingkelong 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 Beijing Jingkelong 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 Beijing Jingkelong.

SEHK:814 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 13.3%
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:814
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6%
Consumer Retailing Unlevered Beta Simply Wall St/ S&P Global 0.46
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.464 (1 + (1- 25%) (538.7%))
1.898
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.9
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.898 * 5.96%)
13.32%

Discounted Cash Flow Calculation for SEHK:814 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Beijing Jingkelong 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:814 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 13.32%)
2019 720.90 Est @ 11.83% 636.18
2020 784.92 Est @ 8.88% 611.27
2021 838.43 Est @ 6.82% 576.21
2022 883.48 Est @ 5.37% 535.82
2023 922.01 Est @ 4.36% 493.48
2024 955.71 Est @ 3.65% 451.40
2025 985.90 Est @ 3.16% 410.93
2026 1,013.62 Est @ 2.81% 372.84
2027 1,039.66 Est @ 2.57% 337.48
2028 1,064.61 Est @ 2.4% 304.96
Present value of next 10 years cash flows CN¥4,730.57
SEHK:814 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CN¥1,064.61 × (1 + 2%) ÷ (13.32% – 2%)
CN¥9,598.32
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥9,598.32 ÷ (1 + 13.32%)10
CN¥2,749.49
SEHK:814 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥4,730.57 + CN¥2,749.49
CN¥7,480.06
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥7,480.06 / 412.22
CN¥18.15
SEHK:814 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:814)
1.169
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥18.15 x 1.169
HK$21.22
Value per share (HKD) From above. HK$21.22
Current discount Discount to share price of HK$1.60
= -1 x (HK$1.60 - HK$21.22) / HK$21.22
92.5%

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

Current Discount
Amount off the current price Beijing Jingkelong is available for.
Intrinsic value
>50%
Share price is HK$1.6 vs Future cash flow value of HK$21.22
Current Discount Checks
For Beijing Jingkelong to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Beijing Jingkelong's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Beijing Jingkelong'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 Beijing Jingkelong's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Beijing Jingkelong's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:814 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥0.15
SEHK:814 Share Price ** SEHK (2019-04-23) in HKD HK$1.6
SEHK:814 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.855 CN¥1.37
Hong Kong Consumer Retailing Industry PE Ratio Median Figure of 19 Publicly-Listed Consumer Retailing Companies 16.99x
Hong Kong Market PE Ratio Median Figure of 1,473 Publicly-Listed Companies 12.01x

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

** Primary Listing of Beijing Jingkelong.

SEHK:814 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:814 Share Price ÷ EPS (both in CNY)

= 1.37 ÷ 0.15

8.91x

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

  • Beijing Jingkelong is good value based on earnings compared to the HK Consumer Retailing industry average.
  • Beijing Jingkelong is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Beijing Jingkelong's expected growth come at a high price?
Raw Data
SEHK:814 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.91x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
7.2%per year
Asia Consumer Retailing Industry PEG Ratio Median Figure of 6 Publicly-Listed Consumer Retailing Companies 3.26x
Hong Kong Market PEG Ratio Median Figure of 463 Publicly-Listed Companies 0.87x

*Line of best fit is calculated by linear regression .

SEHK:814 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.91x ÷ 7.2%

1.23x

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

  • Beijing Jingkelong is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Beijing Jingkelong's assets?
Raw Data
SEHK:814 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥4.14
SEHK:814 Share Price * SEHK (2019-04-23) in HKD HK$1.6
SEHK:814 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.855 CN¥1.37
Hong Kong Consumer Retailing Industry PB Ratio Median Figure of 33 Publicly-Listed Consumer Retailing Companies 1.05x
Hong Kong Market PB Ratio Median Figure of 2,149 Publicly-Listed Companies 1.03x
SEHK:814 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:814 Share Price ÷ Book Value per Share (both in CNY)

= 1.37 ÷ 4.14

0.33x

* Primary Listing of Beijing Jingkelong.

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

  • Beijing Jingkelong is good value based on assets compared to the HK Consumer Retailing industry average.
X
Value checks
We assess Beijing Jingkelong'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 Retailing 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 Retailing industry average (and greater than 0)? (1 check)
  5. Beijing Jingkelong has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

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

Future Performance

 How is Beijing Jingkelong expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
7.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Beijing Jingkelong expected to grow at an attractive rate?
  • Beijing Jingkelong's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • Beijing Jingkelong's earnings growth is positive but not above the Hong Kong market average.
  • Beijing Jingkelong's revenue growth is positive but not above the Hong Kong market average.
Annual Growth Rates Comparison
Raw Data
SEHK:814 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:814 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 7.2%
SEHK:814 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 0.4%
Hong Kong Consumer Retailing Industry Earnings Growth Rate Market Cap Weighted Average 5.5%
Asia Consumer Retailing Industry Revenue Growth Rate Market Cap Weighted Average 9%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.8%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 11.2%

*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:814 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:814 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 11,741 643 73 1
2019-12-31 11,653 13 65 1
SEHK:814 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 11,650 761 63
2018-09-30 11,691 403 57
2018-06-30 11,471 691 50
2018-03-31 11,815 51
2018-01-01 11,956 639 47
2017-09-30 12,119 44
2017-06-30 12,156 421 36
2017-03-31 11,926 3 28
2016-12-31 11,882 589 27
2016-09-30 11,807 22
2016-06-30 11,654 82 21
2016-03-31 11,710 359 19

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Beijing Jingkelong's earnings are expected to grow by 7.2% yearly, however this is not considered high growth (20% yearly).
  • Beijing Jingkelong's revenue is expected to grow by 0.4% 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:814 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

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

SEHK:814 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.18 0.18 0.18 1.00
2019-12-31 0.16 0.16 0.16 1.00
SEHK:814 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 0.15
2018-09-30 0.15
2018-06-30 0.12
2018-03-31
2018-01-01 0.12
2017-09-30 0.09
2017-06-30 0.09
2017-03-31 0.07
2016-12-31 0.06
2016-09-30
2016-06-30 0.05
2016-03-31 0.05

*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.
  • Beijing Jingkelong is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Beijing Jingkelong'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 Asia 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.
Beijing Jingkelong has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

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

Past Performance

  How has Beijing Jingkelong 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 Beijing Jingkelong's growth in the last year to its industry (Consumer Retailing).
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.
  • Beijing Jingkelong's year on year earnings growth rate has been positive over the past 5 years.
  • Beijing Jingkelong's 1-year earnings growth exceeds its 5-year average (33.4% vs 7.9%)
  • Beijing Jingkelong's earnings growth has exceeded the HK Consumer Retailing industry average in the past year (33.4% vs 17.6%).
Earnings and Revenue History
Beijing Jingkelong'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 Beijing Jingkelong Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:814 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 11,650.28 63.31 2,380.29
2018-09-30 11,691.45 56.91 2,362.07
2018-06-30 11,471.33 50.03 2,326.17
2018-03-31 11,814.84 51.32 2,333.97
2018-01-01 11,955.74 47.49 2,349.89
2017-09-30 12,119.44 44.39 2,272.56
2017-06-30 12,156.48 35.81 2,225.62
2017-03-31 11,926.26 27.63 2,159.23
2016-12-31 11,881.57 26.69 2,078.41
2016-09-30 11,806.86 21.65 2,059.11
2016-06-30 11,653.77 21.19 2,008.01
2016-03-31 11,709.86 18.85 2,031.61
2015-12-31 11,532.48 24.86 1,980.55
2015-09-30 11,317.19 19.06 1,949.98
2015-06-30 11,259.35 33.01 1,930.19
2015-03-31 11,100.15 32.95 1,895.10
2014-12-31 10,890.76 41.33 1,855.01
2014-09-30 10,871.62 40.73 1,825.39
2014-06-30 10,752.27 38.05 1,788.19
2014-03-31 10,603.46 34.53 1,766.51
2013-12-31 10,403.75 57.06 1,751.79
2013-09-30 10,157.54 53.02 1,733.73
2013-06-30 10,085.51 75.84 1,678.99
2013-03-31 10,203.09 80.66 1,651.16
2012-12-31 9,831.28 105.10 1,595.99
2012-09-30 9,685.69 149.85 1,540.06
2012-06-30 9,374.77 184.82 1,490.79

*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.
  • Beijing Jingkelong has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Beijing Jingkelong used its assets less efficiently than the HK Consumer Retailing industry average last year based on Return on Assets.
  • Beijing Jingkelong has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Beijing Jingkelong'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 Retailing 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.
Beijing Jingkelong has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

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

Health

 How is Beijing Jingkelong'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 Beijing Jingkelong's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Beijing Jingkelong's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Beijing Jingkelong's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Beijing Jingkelong'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 1.8x 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 Beijing Jingkelong Company Filings, last reported 3 months ago.

SEHK:814 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 2,177.00 3,057.65 1,146.91
2018-09-30 2,141.37 3,055.02 987.96
2018-06-30 2,122.01 3,314.73 1,234.40
2018-03-31 2,151.63 3,465.28 1,094.00
2018-01-01 2,151.63 3,465.28 1,094.00
2017-09-30
2017-06-30 2,100.44 3,454.23 984.53
2017-03-31 2,158.70 3,639.03 767.04
2016-12-31 2,118.28 3,566.91 894.84
2016-09-30
2016-06-30 2,083.06 3,336.74 833.59
2016-03-31 2,148.31 3,280.17 883.06
2015-12-31 2,109.51 3,587.26 788.32
2015-09-30 2,068.14 2,980.16 600.80
2015-06-30 2,056.65 2,752.37 649.05
2015-03-31 2,095.07 3,085.31 671.84
2014-12-31 2,095.07 3,085.31 671.84
2014-09-30
2014-06-30 2,053.55 2,832.46 720.90
2014-03-31 2,076.35 3,048.51 666.59
2013-12-31 2,076.35 3,048.51 666.59
2013-09-30
2013-06-30 1,997.77 2,884.85 877.73
2013-03-31 2,000.05 2,737.36 490.27
2012-12-31 2,000.05 2,737.36 490.27
2012-09-30
2012-06-30 1,886.05 2,454.34 498.17
  • Beijing Jingkelong's level of debt (140.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (146.8% vs 140.5% today).
  • Debt is well covered by operating cash flow (24.9%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.1x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Beijing Jingkelong'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. Beijing Jingkelong 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.

Dividends

 What is Beijing Jingkelong'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
5.85%
Current annual income from Beijing Jingkelong dividends. Estimated to be 6.21% next year.
If you bought HK$2,000 of Beijing Jingkelong shares you are expected to receive HK$117 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?
  • Beijing Jingkelong's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (1.94%).
  • Beijing Jingkelong's dividend is above the markets top 25% of dividend payers in Hong Kong (5.34%).
Upcoming dividend payment

Purchase Beijing Jingkelong before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SEHK:814 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 1 Analyst Estimates (S&P Global) See Below
Hong Kong Consumer Retailing Industry Average Dividend Yield Market Cap Weighted Average of 11 Stocks 2.4%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 965 Stocks 3.4%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.1%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 1.9%
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:814 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.09 1.00
2019-12-31 0.08 1.00
SEHK:814 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-04-08 0.080 5.829
2019-03-22 0.080 5.919
2018-05-25 0.060 4.208
2017-05-26 0.050 2.801
2016-04-11 0.050 3.382
2016-03-21 0.050 3.735
2015-05-28 0.100 6.454
2014-05-28 0.100 6.029
2013-05-28 0.100 5.206
2012-03-23 0.200 5.699
2011-06-10 0.200 3.156
2010-03-19 0.180 2.236
2009-04-24 0.210 4.600

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Beijing Jingkelong's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2x coverage).
X
Income/ dividend checks
We assess Beijing Jingkelong'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 Beijing Jingkelong afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Beijing Jingkelong has a total score of 4/6, see the detailed checks below.


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

Management

 What is the CEO of Beijing Jingkelong'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
Yongtian Shang
COMPENSATION CN¥604,000
AGE 56
TENURE AS CEO 3.9 years
CEO Bio

Mr. Yongtian Shang has been General Manager of Beijing Jingkelong Co. Ltd. since May 2015. Mr. Shang has been Executive Director of Beijing Jingkelong Co. Ltd. since November 5, 2015. He served as an Assistant General Manager of Beijing Jingkelong Co. Ltd. since April 2013 until May 2015. Mr. Shang served as the manager of several retail outlets and the department manager of Chaoyang Auxiliary from 1991 to 2004. From 2005 to 2009, he served as the Manager of the Operation Division of supermarkets of Beijing Jingkelong Co. Ltd. and the Manager of the Operation Division of Hypermarkets of Beijing Jingkelong Co. Ltd. From January 2010 to April 2013, he served as the Assistant to the manager of Beijing Jingkelong Co. Ltd.

CEO Compensation
  • Yongtian's compensation has been consistent with company performance over the past year.
  • Yongtian's remuneration is lower than average for companies of similar size in Hong Kong.
Management Team Tenure

Average tenure and age of the Beijing Jingkelong management team in years:

3.9
Average Tenure
47.5
Average Age
  • The tenure for the Beijing Jingkelong management team is about average.
Management Team

Jianwen Li

TITLE
Chairman of the Board
COMPENSATION
CN¥604K
AGE
57

Yongtian Shang

TITLE
GM & Executive Director
COMPENSATION
CN¥604K
AGE
56
TENURE
3.9 yrs

Chunyan Li

TITLE
CFO, Deputy GM & Executive Director
COMPENSATION
CN¥536K
AGE
45
TENURE
10.3 yrs

Yuejin Liu

TITLE
Manager of Hypermarkets Operations Division & Executive Director
COMPENSATION
CN¥819K
AGE
58
TENURE
7.1 yrs

Shenlin Li

TITLE
Assistant General Manager
AGE
54
TENURE
9.7 yrs

Hong Wang

TITLE
Assistant General Manager
COMPENSATION
CN¥461K
AGE
47
TENURE
1.7 yrs

Hongbo Zhang

TITLE
Assistant General Manager
AGE
48
TENURE
3.7 yrs

Liwei Zhang

TITLE
Assistant General Manager
AGE
40
TENURE
1.7 yrs

Bo Li

TITLE
Company Secretary
AGE
39
TENURE
8.1 yrs

Xuemin Pan

TITLE
Board Secretary
AGE
30
TENURE
2.7 yrs
Board of Directors Tenure

Average tenure and age of the Beijing Jingkelong board of directors in years:

8.8
Average Tenure
56
Average Age
  • The tenure for the Beijing Jingkelong board of directors is about average.
Board of Directors

Yongtian Shang

TITLE
GM & Executive Director
COMPENSATION
CN¥604K
AGE
56
TENURE
3.4 yrs

Chunyan Li

TITLE
CFO, Deputy GM & Executive Director
COMPENSATION
CN¥536K
AGE
45
TENURE
14.4 yrs

Yuejin Liu

TITLE
Manager of Hypermarkets Operations Division & Executive Director
COMPENSATION
CN¥819K
AGE
58
TENURE
14.4 yrs

Liping Wang

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥42K
AGE
61
TENURE
8.8 yrs

Jianwen Li

TITLE
Chairman of the Board
COMPENSATION
CN¥604K
AGE
57
TENURE
5.8 yrs

Onward Choi

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥155K
AGE
47
TENURE
8.8 yrs

Liping Chen

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥42K
AGE
56
TENURE
8.8 yrs

Wenyu Liu

TITLE
Chairman of the Supervisory Committee
COMPENSATION
CN¥677K
AGE
46
TENURE
8.8 yrs

Shunxiang Li

TITLE
Non-Executive Director
AGE
65
TENURE
14.4 yrs

Yan Zhang

TITLE
Non-Executive Director
AGE
37
TENURE
0.5 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$) Value (HK$)
06. Mar 19 Sell ICBC International Asset Management Limited Company 06. Mar 19 06. Mar 19 -540,000 HK$1.57 HK$-850,175
28. Feb 19 Sell Schroder Investment Management (Hong Kong) Limited Company 26. Feb 19 26. Feb 19 -5,566,000 HK$1.57 HK$-8,742,525
28. Feb 19 Sell ICBC International Asset Management Limited Company 28. Feb 19 28. Feb 19 -1,600,000 HK$1.57 HK$-2,511,995
27. Feb 19 Sell Schroder Investment Management (Hong Kong) Limited Company 25. Feb 19 25. Feb 19 -2,405,000 HK$1.57 HK$-3,780,179
22. Feb 19 Sell ICBC International Asset Management Limited Company 22. Feb 19 22. Feb 19 -90,000 HK$1.56 HK$-140,247
21. Feb 19 Sell Schroder Investment Management (Hong Kong) Limited Company 19. Feb 19 19. Feb 19 -1,803,000 HK$1.56 HK$-2,813,578
30. Nov 18 Sell ICBC International Asset Management Limited Company 30. Nov 18 30. Nov 18 -85,000 HK$1.53 HK$-129,693
X
Management checks
We assess Beijing Jingkelong'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. Beijing Jingkelong has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

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

News

Simply Wall St News

Could Beijing Jingkelong Company Limited's (HKG:814) Investor Composition Influence The Stock Price?

If you want to know who really controls Beijing Jingkelong Company Limited (HKG:814), then you'll have to look at the makeup of its share registry. … With a market capitalization of HK$664m, Beijing Jingkelong is a small cap stock, so it might not be well known by many institutional investors. … Taking a look at our data on the ownership groups (below), it's seems that.

Simply Wall St -

Does Beijing Jingkelong Company Limited (HKG:814) Have A Good P/E Ratio?

We'll look at Beijing Jingkelong Company Limited's (HKG:814) P/E ratio and reflect on what it tells us about the company's share price. … Price to Earnings Ratio = Price per Share (in the reporting currency) ÷ Earnings per Share (EPS) … P/E of 8.93 = CN¥1.37 (Note: this is the share price in the reporting currency, namely, CNY ) ÷ CN¥0.15

Simply Wall St -

Does Beijing Jingkelong Company Limited's (HKG:814) Recent Track Record Look Strong?

Below, I assess 814's latest performance announced on 31 December 2018 and evaluate these figures to its historical trend and industry movements. … Check out our latest analysis for Beijing Jingkelong? … 814's trailing twelve-month earnings (from 31 December 2018) of CN¥63m has.

Simply Wall St -

Should You Buy Beijing Jingkelong Company Limited (HKG:814) For Its Dividend?

Historically, Beijing Jingkelong Company Limited (HKG:814) has paid dividends to shareholders, and these days it yields 4.7%. … Does Beijing Jingkelong tick all the boxes of a great dividend stock? … View our latest analysis for Beijing Jingkelong

Simply Wall St -

Is Beijing Jingkelong Company Limited (HKG:814) Potentially Underrated?

Attractive stocks have exceptional fundamentals. … In the case of Beijing Jingkelong Company Limited (HKG:814), there's. … is a company with a

Simply Wall St -

How Does Beijing Jingkelong Company Limited (HKG:814) Affect Your Portfolio Volatility?

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Before we go on, it's worth noting that Warren Buffett pointed out in his 2014 letter to shareholders that 'volatility is far from synonymous with risk.' Having said that, beta can still be rather useful.

Simply Wall St -

Does Beijing Jingkelong Company Limited's (HKG:814) CEO Pay Matter?

In 2015 Yongtian Shang was appointed CEO of Beijing Jingkelong Company Limited (HKG:814). … This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Yongtian Shang's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Is Beijing Jingkelong Company Limited’s (HKG:814) 12% ROCE Any Good?

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. … What is Return On Capital Employed (ROCE)? … ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business.

Simply Wall St -

When Should You Buy Beijing Jingkelong Company Limited (HKG:814)?

received a lot of attention from a substantial price movement on the SEHK over the last few months, increasing to HK$1.66 at one point, and dropping to the lows of HK$1.45. … A question to answer is whether Beijing Jingkelong's current trading price of HK$1.53 reflective of the actual value of the? … Let’s take a look at Beijing Jingkelong’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

What Kind Of Shareholder Owns Most Beijing Jingkelong Company Limited (HKG:814) Stock?

A look at the shareholders of Beijing Jingkelong Company Limited (HKG:814) can tell us which group is most powerful. … Generally speaking, as a company grows, institutions will increase their ownership. … Our analysis of the ownership of the company, below, shows that.

Simply Wall St -

Company Info

Description

Beijing Jingkelong Company Limited engages in the retail and wholesale distribution of daily consumer products in the People's Republic of China. The company operates in three segments: Retailing, Wholesaling, and Others. It is involved in the operation of community shopping centers, hypermarkets, supermarkets, department stores, and convenience stores; and online retail business. The company offers food products, untagged food products, daily necessities, drinks and cigarettes, beverages, hardware products, and household appliances. It also provides plastic packing products; hotel services; and school training services. As of December 31, 2017, the company operated 220 retail outlets. Beijing Jingkelong Company Limited was founded in 1994 and is based in Beijing, the People's Republic of China.

Details
Name: Beijing Jingkelong Company Limited
814
Exchange: SEHK
Founded: 1994
HK$663,674,200
412,220,000
Website: http://www.jkl.com.cn
Address: Beijing Jingkelong Company Limited
Block No. 45,
XinYuan Street,
Beijing,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 814 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong Ltd. HK HKD 25. Sep 2006
DB G2M Foreign Shares-Foreign Listed Deutsche Boerse AG DE EUR 25. Sep 2006
Number of employees
Current staff
Staff numbers
6,010
Beijing Jingkelong employees.
Industry
Food Retail
Consumer Retailing
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 12:45
End of day share price update: 2019/04/23 00:00
Last estimates confirmation: 2019/04/08
Last earnings filing: 2019/04/08
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.