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Shanghai Jin Jiang Capital

SEHK:2006
Snowflake Description

Very undervalued established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
2006
SEHK
HK$7B
Market Cap
  1. Home
  2. HK
  3. Consumer Services
Company description

Shanghai Jin Jiang Capital Company Limited, together with its subsidiaries, engages in the hotel, passenger transportation vehicles and logistics, and travel agency businesses. The last earnings update was 110 days ago. More info.


Add to Portfolio Compare Print
  • Shanghai Jin Jiang Capital has significant price volatility in the past 3 months.
2006 Share Price and Events
7 Day Returns
2.5%
SEHK:2006
-0.4%
HK Hospitality
-0.7%
HK Market
1 Year Returns
-43.4%
SEHK:2006
-9.3%
HK Hospitality
-9.8%
HK Market
2006 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Shanghai Jin Jiang Capital (2006) 2.5% -14.4% -33.2% -43.4% -52.5% -49.6%
HK Hospitality -0.4% -13.1% -6.2% -9.3% 15.6% -36.6%
HK Market -0.7% -9.3% -8.4% -9.8% 1.6% -10.5%
1 Year Return vs Industry and Market
  • 2006 underperformed the Hospitality industry which returned -9.3% over the past year.
  • 2006 underperformed the Market in Hong Kong which returned -9.8% over the past year.
Price Volatility
2006
Industry
5yr Volatility vs Market

Value

 Is Shanghai Jin Jiang Capital 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 Shanghai Jin Jiang Capital 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 Shanghai Jin Jiang Capital.

SEHK:2006 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 13.9%
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:2006
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.9
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.896 (1 + (1- 25%) (320.83%))
2.375
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (2 * 5.96%)
13.92%

Discounted Cash Flow Calculation for SEHK:2006 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Shanghai Jin Jiang Capital 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.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

SEHK:2006 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 13.92%)
2020 3,076.00 Analyst x1 2,700.07
2021 2,468.00 Analyst x1 1,901.61
2022 2,103.65 Est @ -14.76% 1,422.79
2023 1,898.90 Est @ -9.73% 1,127.35
2024 1,780.94 Est @ -6.21% 928.09
2025 1,714.19 Est @ -3.75% 784.14
2026 1,679.53 Est @ -2.02% 674.38
2027 1,665.84 Est @ -0.81% 587.14
2028 1,666.35 Est @ 0.03% 515.54
2029 1,676.72 Est @ 0.62% 455.35
Present value of next 10 years cash flows CN¥11,096.46
SEHK:2006 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥1,676.72 × (1 + 2%) ÷ (13.92% – 2%)
CN¥14,348.17
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥14,348.17 ÷ (1 + 13.92%)10
CN¥3,896.57
SEHK:2006 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥11,096.46 + CN¥3,896.57
CN¥14,993.03
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥14,993.03 / 5,566.00
CN¥2.69
SEHK:2006 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:2006)
1.114
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥2.69 x 1.114
HK$3
Value per share (HKD) From above. HK$3.00
Current discount Discount to share price of HK$1.25
= -1 x (HK$1.25 - HK$3.00) / HK$3.00
58.3%

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

Current Discount
Amount off the current price Shanghai Jin Jiang Capital is available for.
Intrinsic value
>50%
Share price is HK$1.25 vs Future cash flow value of HK$3
Current Discount Checks
For Shanghai Jin Jiang Capital to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Shanghai Jin Jiang Capital's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Shanghai Jin Jiang Capital'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 Shanghai Jin Jiang Capital's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Shanghai Jin Jiang Capital's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:2006 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥0.14
SEHK:2006 Share Price ** SEHK (2019-08-16) in HKD HK$1.25
SEHK:2006 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.898 CN¥1.12
Hong Kong Hospitality Industry PE Ratio Median Figure of 69 Publicly-Listed Hospitality Companies 13.14x
Hong Kong Market PE Ratio Median Figure of 1,500 Publicly-Listed Companies 9.66x

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

** Primary Listing of Shanghai Jin Jiang Capital.

SEHK:2006 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:2006 Share Price ÷ EPS (both in CNY)

= 1.12 ÷ 0.14

8.2x

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

  • Shanghai Jin Jiang Capital is good value based on earnings compared to the HK Hospitality industry average.
  • Shanghai Jin Jiang Capital is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Shanghai Jin Jiang Capital's expected growth come at a high price?
Raw Data
SEHK:2006 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.2x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
9.5%per year
Hong Kong Hospitality Industry PEG Ratio Median Figure of 21 Publicly-Listed Hospitality Companies 1.54x
Hong Kong Market PEG Ratio Median Figure of 486 Publicly-Listed Companies 0.74x

*Line of best fit is calculated by linear regression .

SEHK:2006 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.2x ÷ 9.5%

0.87x

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

  • Shanghai Jin Jiang Capital is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Shanghai Jin Jiang Capital's assets?
Raw Data
SEHK:2006 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥1.70
SEHK:2006 Share Price * SEHK (2019-08-16) in HKD HK$1.25
SEHK:2006 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.898 CN¥1.12
Hong Kong Hospitality Industry PB Ratio Median Figure of 108 Publicly-Listed Hospitality Companies 0.95x
Hong Kong Market PB Ratio Median Figure of 2,186 Publicly-Listed Companies 0.84x
SEHK:2006 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:2006 Share Price ÷ Book Value per Share (both in CNY)

= 1.12 ÷ 1.70

0.66x

* Primary Listing of Shanghai Jin Jiang Capital.

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

  • Shanghai Jin Jiang Capital is good value based on assets compared to the HK Hospitality industry average.
X
Value checks
We assess Shanghai Jin Jiang Capital'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 Hospitality 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 Hospitality industry average (and greater than 0)? (1 check)
  5. Shanghai Jin Jiang Capital has a total score of 6/6, 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 Shanghai Jin Jiang Capital expected to perform in the next 1 to 3 years based on estimates from 5 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
9.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Shanghai Jin Jiang Capital expected to grow at an attractive rate?
  • Shanghai Jin Jiang Capital's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • Shanghai Jin Jiang Capital's earnings growth is positive but not above the Hong Kong market average.
  • Shanghai Jin Jiang Capital's revenue growth is positive but not above the Hong Kong market average.
Annual Growth Rates Comparison
Raw Data
SEHK:2006 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:2006 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 9.5%
SEHK:2006 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 4.1%
Hong Kong Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 16.1%
Hong Kong Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 11.4%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.7%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.5%

*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:2006 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:2006 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 23,468 3,968 1,017 3
2020-12-31 22,344 4,059 860 5
2019-12-31 21,607 3,489 798 5
SEHK:2006 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 20,631 1,180 762
2018-09-30 20,469 4,360 762
2018-06-30 20,307 7,540 762
2018-03-31 20,033 7,068 761
2017-12-31 19,759 6,597 761
2017-09-30 19,315 4,164 761
2017-06-30 18,872 1,731 761
2017-03-31 17,943 1,439 760
2016-12-31 17,013 1,146 758
2016-09-30 15,555 1,460 774
2016-06-30 14,096 1,774 789
2016-03-31 13,147 2,119 827

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Shanghai Jin Jiang Capital's earnings are expected to grow by 9.5% yearly, however this is not considered high growth (20% yearly).
  • Shanghai Jin Jiang Capital's revenue is expected to grow by 4.1% 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:2006 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Shanghai Jin Jiang Capital Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:2006 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.18 0.19 0.16 3.00
2020-12-31 0.15 0.17 0.14 5.00
2019-12-31 0.14 0.16 0.14 5.00
SEHK:2006 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 0.14
2018-09-30 0.14
2018-06-30 0.14
2018-03-31 0.14
2017-12-31 0.14
2017-09-30 0.14
2017-06-30 0.14
2017-03-31 0.14
2016-12-31 0.14
2016-09-30 0.14
2016-06-30 0.14
2016-03-31 0.15

*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.
  • Shanghai Jin Jiang Capital is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Shanghai Jin Jiang Capital'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.
Shanghai Jin Jiang Capital 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 Shanghai Jin Jiang Capital 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 Shanghai Jin Jiang Capital's growth in the last year to its industry (Hospitality).
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.
  • Shanghai Jin Jiang Capital's year on year earnings growth rate has been positive over the past 5 years.
  • Shanghai Jin Jiang Capital's 1-year earnings growth is less than its 5-year average (0.1% vs 4%)
  • Shanghai Jin Jiang Capital's earnings growth has exceeded the HK Hospitality industry average in the past year (0.1% vs -5.1%).
Earnings and Revenue History
Shanghai Jin Jiang Capital'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 Shanghai Jin Jiang Capital Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:2006 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 20,631.06 761.70 3,756.73
2018-09-30 20,469.21 761.87 3,490.68
2018-06-30 20,307.35 762.05 3,224.63
2018-03-31 20,033.13 761.41 3,215.98
2017-12-31 19,758.91 760.77 3,207.32
2017-09-30 19,315.44 760.97 3,101.52
2017-06-30 18,871.97 761.17 2,995.71
2017-03-31 17,942.55 759.81 2,835.84
2016-12-31 17,013.13 758.45 2,675.97
2016-09-30 15,554.53 773.79 2,504.33
2016-06-30 14,095.93 789.14 2,332.70
2016-03-31 13,146.54 827.33 2,188.34
2015-12-31 12,197.16 865.53 2,043.99
2015-09-30 11,346.66 847.12 2,142.21
2015-06-30 10,496.17 828.72 2,240.43
2015-03-31 9,930.13 724.97 2,074.77
2014-12-31 9,364.09 621.23 1,909.10
2014-09-30 9,352.43 677.85 1,593.39
2014-06-30 9,340.77 734.48 1,277.67
2014-03-31 9,314.55 589.12 1,269.78
2013-12-31 9,288.33 443.77 1,261.88
2013-09-30 9,205.02 361.88 1,248.65
2013-06-30 9,121.71 279.99 1,235.42
2013-03-31 9,062.92 298.50 1,236.01
2012-12-31 9,004.12 317.01 1,236.61
2012-09-30 11,187.51 427.90 1,446.84

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

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

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

Health

 How is Shanghai Jin Jiang Capital'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 Shanghai Jin Jiang Capital's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Shanghai Jin Jiang Capital is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Shanghai Jin Jiang Capital's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Shanghai Jin Jiang Capital'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 not covered by short term assets, assets are 0.9x 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 Shanghai Jin Jiang Capital Company Filings, last reported 7 months ago.

SEHK:2006 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 20,046.33 19,849.03 12,795.08
2018-09-30 20,046.33 19,849.03 12,795.08
2018-06-30 19,789.59 20,259.66 14,030.37
2018-03-31 19,789.59 20,259.66 14,030.37
2017-12-31 20,803.55 23,608.76 17,193.12
2017-09-30 20,803.55 23,608.76 17,193.12
2017-06-30 20,196.92 23,733.22 9,105.62
2017-03-31 20,196.92 23,733.22 9,105.62
2016-12-31 20,140.08 24,778.58 9,152.26
2016-09-30 20,140.08 24,778.58 9,152.26
2016-06-30 17,264.42 29,115.21 10,673.43
2016-03-31 17,264.42 29,115.21 10,673.43
2015-12-31 16,778.38 16,213.40 7,625.45
2015-09-30 16,778.38 16,213.40 7,625.45
2015-06-30 17,182.39 15,945.38 6,534.65
2015-03-31 17,182.39 15,945.38 6,534.65
2014-12-31 15,376.30 3,557.92 6,921.27
2014-09-30 15,376.30 3,557.92 6,921.27
2014-06-30 11,931.83 3,664.63 3,379.98
2014-03-31 11,931.83 3,664.63 3,379.98
2013-12-31 11,949.88 3,837.73 4,677.63
2013-09-30 11,949.88 3,837.73 4,677.63
2013-06-30 11,833.33 3,371.52 3,138.69
2013-03-31 11,833.33 3,371.52 3,138.69
2012-12-31 12,135.45 1,973.19 2,598.62
2012-09-30 12,150.39 3,222.80 2,986.04
  • Shanghai Jin Jiang Capital's level of debt (99%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (32.1% vs 99% today).
  • Debt is not well covered by operating cash flow (5.9%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5x coverage).
X
Financial health checks
We assess Shanghai Jin Jiang Capital'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. Shanghai Jin Jiang Capital has a total score of 2/6, 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 Shanghai Jin Jiang Capital'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
7.13%
Current annual income from Shanghai Jin Jiang Capital dividends. Estimated to be 7.6% next year.
If you bought HK$2,000 of Shanghai Jin Jiang Capital shares you are expected to receive HK$143 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?
  • Shanghai Jin Jiang Capital's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.28%).
  • Shanghai Jin Jiang Capital's dividend is above the markets top 25% of dividend payers in Hong Kong (6.25%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SEHK:2006 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 5 Analyst Estimates (S&P Global) See Below
Hong Kong Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 44 Stocks 3.2%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 978 Stocks 3.9%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.3%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.3%
Hong Kong Top 25% Dividend Yield 75th Percentile 6.2%

Industry and Market average data is calculated daily.

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

SEHK:2006 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.09 5.00
2020-12-31 0.08 7.00
2019-12-31 0.08 7.00
SEHK:2006 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-05-10 0.080 6.016
2018-03-29 0.080 4.001
2017-06-09 0.080 3.453
2016-06-15 0.065 3.248
2015-06-17 0.050 2.124
2014-04-30 0.045 2.214
2014-03-31 0.045 2.716
2013-04-30 0.030 2.285
2012-04-30 0.040 4.199
2012-03-28 0.040 4.392
2011-03-30 0.022 2.289
2010-04-28 0.020 1.251
2010-04-19 0.020 0.877
2009-04-20 0.021 1.149

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Shanghai Jin Jiang Capital's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.1x coverage).
X
Income/ dividend checks
We assess Shanghai Jin Jiang Capital's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Shanghai Jin Jiang Capital afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Shanghai Jin Jiang Capital 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.

Management

 What is the CEO of Shanghai Jin Jiang Capital'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
Mingju Ma
COMPENSATION CN¥0
AGE 58
TENURE AS CEO 0.8 years
CEO Bio

Mr. Mingju Ma has been Chief Executive Officer and Executive Director of Shanghai Jin Jiang International Hotels (Group) Company Limited since November 23, 2018. Mr. Ma served as a Supervisor of Shanghai Jin Jiang International Hotels (Group) Company Limited until November 16, 2018. Mr. Ma serves as a Supervisor of Shanghai Jin Jiang International Hotels Development Co., Ltd. Mr. Ma joined the Shanghai Jin Jiang International Hotels (Group) Company Limited in 2005 and served as its Manager of Planning & Finance Division. He served as Vice President of Finance & Services Department and General Manager of Finance at Jinjiang International limited Company, chairman of Shanghai Jin Jiang International Investment and Management Company Limited. He served as a Deputy Head of Shanghai Bicycle iii Factory Finance Section, Finance Manager of Shanghai Phoenix Bicycle Company and Finance Manager of Phoenix Bicycle Joint-Sotck Enterprise. He serves as a Director of Beijing Kunlun Hotel Co., Ltd. (Kunlun Hotel Company), Jin Jiang International Hotel Investment and Jin Jiang Inn and Jin Jiang International Finance. He served as a Director of Shanghai Airlines Co., Ltd. since 2006. He is a Member of Chinese Communist Party. Mr. Ma is a Senior Accountant and holds an MBA from the Asia International Open University.

CEO Compensation
  • Insufficient data for Mingju to compare compensation growth.
  • Mingju's remuneration is lower than average for companies of similar size in Hong Kong.
Management Team Tenure

Average tenure and age of the Shanghai Jin Jiang Capital management team in years:

2.1
Average Tenure
56.5
Average Age
  • The tenure for the Shanghai Jin Jiang Capital management team is about average.
Management Team

Minliang Yu

TITLE
Chairman of the Board
AGE
61

Liming Chen

TITLE
Vice Chairman
AGE
59

Lijuan Guo

TITLE
Vice Chairman
AGE
56

Mingju Ma

TITLE
CEO & Executive Director
AGE
58
TENURE
0.8 yrs

Yanhong Yin

TITLE
CFO & Financial Controller
AGE
51
TENURE
3.1 yrs

Wei Zhou

TITLE
Chief Investment Officer & Executive Director
AGE
38
TENURE
3.1 yrs

Jianping Cai

TITLE
VP & Director of Human Resources Department
AGE
57

Yu Sun

TITLE
Executive Director

Jue Zhang

TITLE
Joint Company Secretary
AGE
34
TENURE
2.1 yrs

Lai Shan So

TITLE
Joint Company Secretary
TENURE
1 yrs
Board of Directors Tenure

Average tenure and age of the Shanghai Jin Jiang Capital board of directors in years:

0.8
Average Tenure
58.5
Average Age
  • The average tenure for the Shanghai Jin Jiang Capital board of directors is less than 3 years, this suggests a new board.
Board of Directors

Minliang Yu

TITLE
Chairman of the Board
AGE
61

Liming Chen

TITLE
Vice Chairman
AGE
59
TENURE
3.1 yrs

Lijuan Guo

TITLE
Vice Chairman
AGE
56

Mingju Ma

TITLE
CEO & Executive Director
AGE
58
TENURE
0.8 yrs

Wei Zhou

TITLE
Chief Investment Officer & Executive Director
AGE
38
TENURE
0.2 yrs

Yu Sun

TITLE
Executive Director
TENURE
0.2 yrs

Gang Ji

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥120K
AGE
61
TENURE
12.8 yrs

Guoxing Wang

TITLE
Chairman of Supervisory Committee
AGE
55

Liqiang Shen

TITLE
Independent Non Executive Director
TENURE
0.2 yrs

Mingjie Rui

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥120K
AGE
64
TENURE
12.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
14. Aug 19 Sell Matthews International Capital Management, LLC Company 12. Aug 19 12. Aug 19 -1,224,000 HK$1.25 HK$-1,524,984
19. Jul 19 Sell Matthews International Capital Management, LLC Company 17. Jul 19 17. Jul 19 -1,744,000 HK$1.45 HK$-2,535,085
02. Jul 19 Sell Matthews International Capital Management, LLC Company 28. Jun 19 28. Jun 19 -486,000 HK$1.59 HK$-771,622
26. Jun 19 Sell Matthews International Capital Management, LLC Company 24. Jun 19 24. Jun 19 -4,868,000 HK$1.56 HK$-7,575,600
20. Jun 19 Sell Matthews International Capital Management, LLC Company 19. Jun 19 19. Jun 19 -4,098,000 HK$1.54 HK$-6,306,427
13. Jun 19 Sell Matthews International Capital Management, LLC Company 11. Jun 19 11. Jun 19 -3,080,000 HK$1.61 HK$-4,969,878
26. Aug 18 Sell Hoi Hing Kwok Individual 20. Aug 18 20. Aug 18 -2,448,000 HK$2.20 HK$-5,385,606
X
Management checks
We assess Shanghai Jin Jiang Capital'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. Shanghai Jin Jiang Capital 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

How Do Analysts See Shanghai Jin Jiang Capital Company Limited (HKG:2006) Performing In The Next 12 Months?

Since Shanghai Jin Jiang Capital Company Limited (HKG:2006) released its earnings in December 2018, it seems that analyst forecasts are fairly optimistic, as a 4.8% increase in profits is expected in the upcoming year, against the past 5-year average growth rate of 4.0%. … Check out our latest analysis for Shanghai Jin Jiang Capital How is Shanghai Jin Jiang Capital going to perform in the near future? … SEHK:2006 Past and Future Earnings, August 17th 2019 From the current net income level of CN¥762m and the final forecast of CN¥1.0b by 2022, the annual rate of growth for 2006’s earnings is 9.5%.

Simply Wall St -

Shanghai Jin Jiang Capital Company Limited (HKG:2006): What Are The Future Prospects?

Shanghai Jin Jiang Capital Company Limited's (HKG:2006) announced its latest earnings update in April 2019, which signalled that the company experienced a slight tailwind, eventuating to a single-digit earnings growth of 0.1%. … Investors may find it useful to understand how market analysts perceive Shanghai Jin Jiang Capital's earnings growth trajectory over the next few years and whether the future looks even brighter than the past. … See our latest analysis for Shanghai Jin Jiang Capital Analysts' outlook for the upcoming year seems rather muted, with earnings expanding by a single digit 4.8%.

Simply Wall St -

Such Is Life: How Shanghai Jin Jiang Capital (HKG:2006) Shareholders Saw Their Shares Drop 52%

Unfortunately the Shanghai Jin Jiang Capital Company Limited (HKG:2006) share price slid 52% over twelve months. … Even though the Shanghai Jin Jiang Capital share price is down over the year, its EPS actually improved. … As it happens, Shanghai Jin Jiang Capital's TSR for the last year was -49%, which exceeds the share price return mentioned earlier.

Simply Wall St -

Should You Be Happy With Shanghai Jin Jiang International Hotels (Group) Company Limited's (HKG:2006) Performance Lately?

Examining Shanghai Jin Jiang International Hotels (Group) Company Limited's (HKG:2006) past track record of performance is a useful exercise for investors. … See our latest analysis for Shanghai Jin Jiang International Hotels (Group) Did 2006's recent earnings growth beat the long-term trend and the industry? … You should continue to research Shanghai Jin Jiang International Hotels (Group) to get a more holistic view of the stock by looking at: Future Outlook: What are well-informed industry analysts predicting for 2006’s future growth?

Simply Wall St -

What You Must Know About Shanghai Jin Jiang International Hotels (Group) Company Limited's (HKG:2006) Beta Value

If you're interested in Shanghai Jin Jiang International Hotels (Group) Company Limited (HKG:2006), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Check out our latest analysis for Shanghai Jin Jiang International Hotels (Group) What 2006's beta value tells investors Given that it has a beta of 1.32, we can surmise that the Shanghai Jin Jiang International Hotels (Group) share price has been fairly sensitive to market volatility (over the last 5 years). … Shanghai Jin Jiang International Hotels (Group) is a small cap stock with a market capitalisation of HK$8.6b.

Simply Wall St -

Why Shanghai Jin Jiang International Hotels (Group) Company Limited (HKG:2006) Could Be Your Next Investment

Shanghai Jin Jiang International Hotels (Group) Company Limited (HKG:2006) is a stock with outstanding fundamental characteristics. … For those interested in understanding where the figures come from and want to see the analysis, read the full report on Shanghai Jin Jiang International Hotels (Group) here. … SEHK:2006 Historical Dividend Yield, June 20th 2019 Next Steps: For Shanghai Jin Jiang International Hotels (Group), I've compiled three relevant factors you should further examine: Future Outlook: What are well-informed industry analysts predicting for 2006’s future growth?

Simply Wall St -

Why You Should Care About Shanghai Jin Jiang International Hotels (Group) Company Limited’s (HKG:2006) Low Return On Capital

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Shanghai Jin Jiang International Hotels (Group): 0.037 = CN¥1.5b ÷ (CN¥57b - CN¥16b) (Based on the trailing twelve months to December 2018.) So, Shanghai Jin Jiang International Hotels (Group) has an ROCE of 3.7%. … See our latest analysis for Shanghai Jin Jiang International Hotels (Group) Is Shanghai Jin Jiang International Hotels (Group)'s ROCE Good? … What Are Current Liabilities, And How Do They Affect Shanghai Jin Jiang International Hotels (Group)'s ROCE?

Simply Wall St -

Read This Before Buying Shanghai Jin Jiang International Hotels (Group) Company Limited (HKG:2006) Shares

So shareholders might well want to know whether insiders have been buying or selling shares in Shanghai Jin Jiang International Hotels (Group) Company Limited (HKG:2006). … As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.' View our latest analysis for Shanghai Jin Jiang International Hotels (Group) The Last 12 Months Of Insider Transactions At Shanghai Jin Jiang International Hotels (Group) In the last twelve months, the biggest single sale by an insider was when the , Hoi Hing Kwok, sold HK$9.0m worth of shares at a price of HK$2.38 per share. … While we feel good about high insider ownership of Shanghai Jin Jiang International Hotels (Group), we can't say the same about the selling of shares.

Simply Wall St -

Shanghai Jin Jiang International Hotels (Group) Company Limited (HKG:2006): Time For A Financial Health Check

2006’s Debt (And Cash Flows) 2006 has shrunk its total debt levels in the last twelve months, from CN¥24b to CN¥20b , which includes long-term debt. … Additionally, 2006 has generated cash from operations of CN¥1.2b in the last twelve months, leading to an operating cash to total debt ratio of 5.9%, indicating that 2006’s current level of operating cash is not high enough to cover debt. … Next Steps: Although 2006’s debt level is towards the higher end of the spectrum, its cash flow coverage seems adequate to meet obligations which means its debt is being efficiently utilised.

Simply Wall St -

Is Now The Time To Look At Buying Shanghai Jin Jiang International Hotels (Group) Company Limited (HKG:2006)?

Shanghai Jin Jiang International Hotels (Group) Company Limited (HKG:2006), which is in the hospitality business, and is based in China, saw significant share price movement during recent months on the SEHK, rising to highs of HK$2.23 and falling to the lows of HK$1.85. … Let’s take a look at Shanghai Jin Jiang International Hotels (Group)’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change. … Great news for investors – Shanghai Jin Jiang International Hotels (Group) is still trading at a fairly cheap price.

Simply Wall St -

Company Info

Description

Shanghai Jin Jiang Capital Company Limited, together with its subsidiaries, engages in the hotel, passenger transportation vehicles and logistics, and travel agency businesses. The company operates through Full Service Hotels, Select Service Hotels, Food and Restaurants, Passenger Transportation Vehicles and Logistics, Travel Agency, and Other Operations segments. It owns, operates, and manages full service hotels, as well as franchises self-owned select service hotels. As of December 31, 2018, the company owned or managed 7,537 hotels with a total of 761,323 guest rooms located in 68 countries worldwide. It also operates fast food or upscale restaurants; and produces moon cakes. In addition, the company provides vehicle operating, refrigerated logistics, freight forwarding, and related services; and trades in automobiles, as well as offers vehicle rental services. Further, it offers travel agency and related services. The company was formerly known as Shanghai Jin Jiang International Hotels (Group) Company Limited and changed its name to Shanghai Jin Jiang Capital Company Limited in July 2019. The company was founded in 1995 and is based in Shanghai, the People’s Republic of China. Shanghai Jin Jiang Capital Company Limited is a subsidiary of Jin Jiang International Holdings Company Limited.

Details
Name: Shanghai Jin Jiang Capital Company Limited
2006
Exchange: SEHK
Founded: 1995
HK$6,957,500,000
5,566,000,000
Website: http://www.jinjianghotels.com.cn
Address: Shanghai Jin Jiang Capital Company Limited
Union Building,
26th Floor,
Shanghai,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 2006 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong Ltd. HK HKD 15. Dec 2006
Number of employees
Current staff
Staff numbers
57,490
Shanghai Jin Jiang Capital employees.
Industry
Hotels, Resorts and Cruise Lines
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/08/17 12:44
End of day share price update: 2019/08/16 00:00
Last estimates confirmation: 2019/08/16
Last earnings filing: 2019/04/29
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.