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Xiabuxiabu Catering Management (China) Holdings

SEHK:520
Snowflake Description

Flawless balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
520
SEHK
HK$12B
Market Cap
  1. Home
  2. HK
  3. Consumer Services
Company description

Xiabuxiabu Catering Management (China) Holdings Co., Ltd., an investment holding company, operates Chinese hotpot restaurants in the People’s Republic of China. The last earnings update was 88 days ago. More info.


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520 Share Price and Events
7 Day Returns
-7.6%
SEHK:520
0.9%
HK Hospitality
0.8%
HK Market
1 Year Returns
-34.5%
SEHK:520
-4.7%
HK Hospitality
-4.4%
HK Market
520 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Xiabuxiabu Catering Management (China) Holdings (520) -7.6% 7.7% -14.7% -34.5% 185.6% -
HK Hospitality 0.9% 8% -2.6% -4.7% 43.9% -27.7%
HK Market 0.8% 1.5% -7.4% -4.4% 17.7% 1.6%
1 Year Return vs Industry and Market
  • 520 underperformed the Hospitality industry which returned -4.7% over the past year.
  • 520 underperformed the Market in Hong Kong which returned -4.4% over the past year.
Price Volatility
520
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Xiabuxiabu Catering Management (China) Holdings's competitors could be found in our database.

Value

 Is Xiabuxiabu Catering Management (China) 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 Xiabuxiabu Catering Management (China) 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 Xiabuxiabu Catering Management (China) Holdings.

SEHK:520 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 14 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.6%
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:520
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 0.92
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.922 (1 + (1- 25%) (0%))
0.947
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.95
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (0.947 * 5.96%)
7.65%

Discounted Cash Flow Calculation for SEHK:520 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Xiabuxiabu Catering Management (China) 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:520 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 7.65%)
2020 595.75 Analyst x4 553.42
2021 860.67 Analyst x3 742.69
2022 1,085.16 Est @ 26.08% 869.87
2023 1,289.81 Est @ 18.86% 960.45
2024 1,467.83 Est @ 13.8% 1,015.34
2025 1,618.47 Est @ 10.26% 1,039.98
2026 1,744.46 Est @ 7.78% 1,041.29
2027 1,850.00 Est @ 6.05% 1,025.81
2028 1,939.47 Est @ 4.84% 999.00
2029 2,016.78 Est @ 3.99% 965.00
Present value of next 10 years cash flows CN¥9,212.85
SEHK:520 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥2,016.78 × (1 + 2%) ÷ (7.65% – 2%)
CN¥36,431.14
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥36,431.14 ÷ (1 + 7.65%)10
CN¥17,431.80
SEHK:520 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥9,212.85 + CN¥17,431.80
CN¥26,644.65
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥26,644.65 / 1,069.47
CN¥24.91
SEHK:520 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:520)
1.135
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥24.91 x 1.135
HK$28.27
Value per share (HKD) From above. HK$28.27
Current discount Discount to share price of HK$11.14
= -1 x (HK$11.14 - HK$28.27) / HK$28.27
60.6%

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

Current Discount
Amount off the current price Xiabuxiabu Catering Management (China) Holdings is available for.
Intrinsic value
>50%
Share price is HK$11.14 vs Future cash flow value of HK$28.27
Current Discount Checks
For Xiabuxiabu Catering Management (China) Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Xiabuxiabu Catering Management (China) Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Xiabuxiabu Catering Management (China) Holdings'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 Xiabuxiabu Catering Management (China) Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Xiabuxiabu Catering Management (China) Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:520 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥0.43
SEHK:520 Share Price ** SEHK (2019-07-19) in HKD HK$11.14
SEHK:520 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.881 CN¥9.82
Hong Kong Hospitality Industry PE Ratio Median Figure of 69 Publicly-Listed Hospitality Companies 14.28x
Hong Kong Market PE Ratio Median Figure of 1,511 Publicly-Listed Companies 10.76x

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

** Primary Listing of Xiabuxiabu Catering Management (China) Holdings.

SEHK:520 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:520 Share Price ÷ EPS (both in CNY)

= 9.82 ÷ 0.43

22.57x

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

  • Xiabuxiabu Catering Management (China) Holdings is overvalued based on earnings compared to the HK Hospitality industry average.
  • Xiabuxiabu Catering Management (China) Holdings is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Xiabuxiabu Catering Management (China) Holdings's expected growth come at a high price?
Raw Data
SEHK:520 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 22.57x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts
18.9%per year
Hong Kong Hospitality Industry PEG Ratio Median Figure of 21 Publicly-Listed Hospitality Companies 2.19x
Hong Kong Market PEG Ratio Median Figure of 480 Publicly-Listed Companies 0.8x

*Line of best fit is calculated by linear regression .

SEHK:520 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 22.57x ÷ 18.9%

1.2x

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

  • Xiabuxiabu Catering Management (China) Holdings is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Xiabuxiabu Catering Management (China) Holdings's assets?
Raw Data
SEHK:520 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥2.13
SEHK:520 Share Price * SEHK (2019-07-19) in HKD HK$11.14
SEHK:520 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.881 CN¥9.82
Hong Kong Hospitality Industry PB Ratio Median Figure of 109 Publicly-Listed Hospitality Companies 1.13x
Hong Kong Market PB Ratio Median Figure of 2,197 Publicly-Listed Companies 0.92x
SEHK:520 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:520 Share Price ÷ Book Value per Share (both in CNY)

= 9.82 ÷ 2.13

4.62x

* Primary Listing of Xiabuxiabu Catering Management (China) Holdings.

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

  • Xiabuxiabu Catering Management (China) Holdings is overvalued based on assets compared to the HK Hospitality industry average.
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Value checks
We assess Xiabuxiabu Catering Management (China) 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 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. Xiabuxiabu Catering Management (China) Holdings has a total score of 2/6, 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 Xiabuxiabu Catering Management (China) Holdings expected to perform in the next 1 to 3 years based on estimates from 14 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
18.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Xiabuxiabu Catering Management (China) Holdings expected to grow at an attractive rate?
  • Xiabuxiabu Catering Management (China) Holdings's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • Xiabuxiabu Catering Management (China) Holdings's earnings growth is expected to exceed the Hong Kong market average.
  • Xiabuxiabu Catering Management (China) Holdings's revenue growth is expected to exceed the Hong Kong market average.
Annual Growth Rates Comparison
Raw Data
SEHK:520 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:520 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts 18.9%
SEHK:520 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 14 Analysts 18.5%
Hong Kong Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 15.4%
Hong Kong Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 11.4%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.3%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.7%

*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:520 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:520 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 8,444 1,188 814 10
2020-12-31 7,096 906 678 14
2019-12-31 5,967 930 551 13
SEHK:520 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 4,759 493 462
2018-09-30 4,493 448 452
2018-06-30 4,221 404 441
2018-03-31 3,950 400 431
2017-12-31 3,684 395 420
2017-09-30 3,389 449 419
2017-06-30 3,094 503 417
2017-03-31 2,929 449 392
2016-12-31 2,763 395 368
2016-09-30 2,666 376 327
2016-06-30 2,569 357 285
2016-03-31 2,497 364 274

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Xiabuxiabu Catering Management (China) Holdings's earnings are expected to grow by 18.9% yearly, however this is not considered high growth (20% yearly).
  • Xiabuxiabu Catering Management (China) Holdings's revenue is expected to grow by 18.5% 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:520 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below

All data from Xiabuxiabu Catering Management (China) Holdings Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:520 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.75 0.84 0.64 9.00
2020-12-31 0.63 0.76 0.56 13.00
2019-12-31 0.51 0.55 0.49 13.00
SEHK:520 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 0.43
2018-09-30 0.42
2018-06-30 0.41
2018-03-31 0.40
2017-12-31 0.39
2017-09-30 0.39
2017-06-30 0.39
2017-03-31 0.37
2016-12-31 0.35
2016-09-30 0.31
2016-06-30 0.27
2016-03-31 0.26

*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.
  • Xiabuxiabu Catering Management (China) Holdings is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Xiabuxiabu Catering Management (China) 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.
Xiabuxiabu Catering Management (China) Holdings has a total score of 4/6, 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 Xiabuxiabu Catering Management (China) 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 Xiabuxiabu Catering Management (China) Holdings'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.
  • Xiabuxiabu Catering Management (China) Holdings has delivered over 20% year on year earnings growth in the past 5 years.
  • Xiabuxiabu Catering Management (China) Holdings's 1-year earnings growth is less than its 5-year average (10.1% vs 33.3%)
  • Xiabuxiabu Catering Management (China) Holdings's earnings growth has exceeded the HK Hospitality industry average in the past year (10.1% vs -2.4%).
Earnings and Revenue History
Xiabuxiabu Catering Management (China) 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 Xiabuxiabu Catering Management (China) Holdings Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:520 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 4,759.21 462.48 1.32
2018-09-30 4,492.75 451.90 1.18
2018-06-30 4,221.30 441.32 1.05
2018-03-31 3,949.95 430.75 0.79
2017-12-31 3,683.59 420.17 0.53
2017-09-30 3,388.85 418.50 0.53
2017-06-30 3,094.11 416.83 0.53
2017-03-31 2,928.79 392.43 0.53
2016-12-31 2,763.47 368.03 0.53
2016-09-30 2,666.43 326.62 0.53
2016-06-30 2,569.39 285.22 0.53
2016-03-31 2,497.40 274.29 0.53
2015-12-31 2,425.41 263.36 0.53
2015-09-30 2,365.93 208.12 0.53
2015-06-30 2,306.45 152.88 0.53
2015-03-31 2,255.37 116.51 0.53
2014-12-31 2,204.28 80.14 0.53
2014-09-30 2,125.66 84.95 -3.64
2014-06-30 2,047.04 89.75 -7.82
2014-03-31 1,970.09 83.24 -3.64
2013-12-31 1,893.14 76.73 0.53
2012-12-31 1,510.29 105.27 15.18

*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.
  • Xiabuxiabu Catering Management (China) Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Xiabuxiabu Catering Management (China) Holdings used its assets more efficiently than the HK Hospitality industry average last year based on Return on Assets.
  • Xiabuxiabu Catering Management (China) Holdings has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Xiabuxiabu Catering Management (China) 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 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.
Xiabuxiabu Catering Management (China) Holdings has a total score of 5/6, 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 Xiabuxiabu Catering Management (China) 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 Xiabuxiabu Catering Management (China) Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Xiabuxiabu Catering Management (China) Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Xiabuxiabu Catering Management (China) Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Xiabuxiabu Catering Management (China) 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.
  • Xiabuxiabu Catering Management (China) Holdings has no debt, it does not need to be covered by short term assets.
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 Xiabuxiabu Catering Management (China) Holdings Company Filings, last reported 6 months ago.

SEHK:520 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 2,247.47 0.00 1,340.69
2018-09-30 2,247.47 0.00 1,340.69
2018-06-30 2,094.77 0.00 1,421.93
2018-03-31 2,094.77 0.00 1,421.93
2017-12-31 1,985.53 0.00 1,485.66
2017-09-30 1,985.53 0.00 1,485.66
2017-06-30 1,812.32 0.00 1,544.73
2017-03-31 1,812.32 0.00 1,544.73
2016-12-31 1,716.31 0.00 1,496.90
2016-09-30 1,716.31 0.00 1,496.90
2016-06-30 1,551.68 0.00 1,301.32
2016-03-31 1,551.68 0.00 1,301.32
2015-12-31 1,480.48 0.00 1,354.50
2015-09-30 1,480.48 0.00 1,354.50
2015-06-30 1,379.16 0.00 1,195.36
2015-03-31 1,379.16 0.00 1,195.36
2014-12-31 1,273.87 0.00 1,122.78
2014-09-30 1,273.87 0.00 1,122.78
2014-06-30 469.78 0.00 203.49
2014-03-31 469.78 0.00 203.49
2013-12-31 537.42 0.00 343.31
2012-12-31 365.40 0.00 260.22
  • Xiabuxiabu Catering Management (China) Holdings has no debt.
  • Xiabuxiabu Catering Management (China) Holdings has not taken on any debt in the past 5 years.
  • Xiabuxiabu Catering Management (China) Holdings has no debt, it does not need to be covered by operating cash flow.
  • Xiabuxiabu Catering Management (China) Holdings has no debt, therefore coverage of interest payments is not a concern.
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Financial health checks
We assess Xiabuxiabu Catering Management (China) 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. Xiabuxiabu Catering Management (China) Holdings has a total score of 6/6, 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 Xiabuxiabu Catering Management (China) 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
1.77%
Current annual income from Xiabuxiabu Catering Management (China) Holdings dividends. Estimated to be 2.83% next year.
If you bought HK$2,000 of Xiabuxiabu Catering Management (China) Holdings shares you are expected to receive HK$35 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?
  • Xiabuxiabu Catering Management (China) Holdings's pays a lower dividend yield than the bottom 25% of dividend payers in Hong Kong (2.07%).
  • Xiabuxiabu Catering Management (China) Holdings's dividend is below the markets top 25% of dividend payers in Hong Kong (5.71%).
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:520 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 14 Analyst Estimates (S&P Global) See Below
Hong Kong Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 44 Stocks 2.7%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 978 Stocks 3.6%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.2%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.1%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

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

SEHK:520 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.35 9.00
2020-12-31 0.29 13.00
2019-12-31 0.22 13.00
SEHK:520 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-05-24 0.174 1.797
2018-03-21 0.157 1.417
2017-09-18 0.156 1.486
2017-03-28 0.138 2.175
2016-04-26 0.098 2.514
2016-03-29 0.098 2.499
2015-09-23 0.088 3.123
2015-08-18 0.088 2.805
2015-04-16 0.094 2.665
2015-03-18 0.094 2.577

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

  • Whilst dividend payments have been stable, Xiabuxiabu Catering Management (China) Holdings has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Xiabuxiabu Catering Management (China) Holdings only paid a dividend in the past 4 years.
Current Payout to shareholders
What portion of Xiabuxiabu Catering Management (China) Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.2x coverage).
X
Income/ dividend checks
We assess Xiabuxiabu Catering Management (China) Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - 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 Xiabuxiabu Catering Management (China) Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Xiabuxiabu Catering Management (China) Holdings has a total score of 2/6, 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 Xiabuxiabu Catering Management (China) 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
Shuling Yang
COMPENSATION CN¥7,227,000
AGE 58
TENURE AS CEO 6.3 years
CEO Bio

Ms. YANG Shuling has been the Chief Executive Officer and Executive Director at Xiabuxiabu Catering Management (China) Holdings Co., Ltd. since March 2013 and November 3, 2008 respectively. Ms. Yang is primarily responsible for overseeing the management and strategic development. She joined Xiabu Fast Food in 1998 as an Accountant and has subsequently continued to serve Xiabuxiabu as Finance Manager, Deputy General Manager, Executive Vice President and President and has gained over 16 years of experiences in the food and beverage industry and also in operations management. Prior to joining Xiabuxiabu, Ms. Yang has served as Statistics Officer and An Accounting Officer, in certain Beijing enterprises. Ms. Yang is also a director of each of the subsidiaries of Xiabuxiabu Catering Management. She obtained secondary technical education in finance and accounting.

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

Kuang-Chi Ho

TITLE
Chairman of the Board
COMPENSATION
CN¥5M
AGE
55

Shuling Yang

TITLE
CEO & Executive Director
COMPENSATION
CN¥7M
AGE
58
TENURE
6.3 yrs

Yi Zhao

TITLE
Chief Financial Officer
AGE
50

Xiaohong Chang

TITLE
Head of Quality Control Department

Sau Mei Ng

TITLE
Company Secretary
AGE
42
TENURE
4.7 yrs
Board of Directors Tenure

Average tenure and age of the Xiabuxiabu Catering Management (China) Holdings board of directors in years:

4.7
Average Tenure
55.5
Average Age
  • The tenure for the Xiabuxiabu Catering Management (China) Holdings board of directors is about average.
Board of Directors

Shuling Yang

TITLE
CEO & Executive Director
COMPENSATION
CN¥7M
AGE
58
TENURE
10.7 yrs

Lily Hsieh

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥205K
AGE
64
TENURE
4.7 yrs

Kuang-Chi Ho

TITLE
Chairman of the Board
COMPENSATION
CN¥5M
AGE
55

Terence Hon

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥205K
AGE
60
TENURE
4.7 yrs

Su-Yin Chen

TITLE
Non-Executive Director
COMPENSATION
CN¥205K
AGE
56
TENURE
6.6 yrs

Sze Man Cheung

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥205K
AGE
49
TENURE
4.7 yrs

Eric Zhang

TITLE
Non-Executive Director
COMPENSATION
CN¥205K
AGE
43
TENURE
1.9 yrs

Jie Li

TITLE
Alternate Director
AGE
39
TENURE
1.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
26. Jun 19 Buy Snow Lake Capital Limited Company 21. Jun 19 21. Jun 19 1,000,000 HK$9.84 HK$9,839,697
26. Jun 19 Buy Snow Lake Capital (HK) Ltd Company 21. Jun 19 21. Jun 19 6,341,500 HK$9.84 HK$62,398,439
25. Jun 19 Buy Snow Lake Capital Limited Company 20. Jun 19 20. Jun 19 10,000,000 HK$10.25 HK$102,499,969
X
Management checks
We assess Xiabuxiabu Catering Management (China) 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. Xiabuxiabu Catering Management (China) 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.

News

Simply Wall St News

Despite Its High P/E Ratio, Is Xiabuxiabu Catering Management (China) Holdings Co., Ltd. (HKG:520) Still Undervalued?

Xiabuxiabu Catering Management (China) Holdings has a price to earnings ratio of 22.83, based on the last twelve months. … See our latest analysis for Xiabuxiabu Catering Management (China) Holdings How Do I Calculate Xiabuxiabu Catering Management (China) Holdings's Price To Earnings Ratio? … The formula for price to earnings is: Price to Earnings Ratio = Share Price (in reporting currency) ÷ Earnings per Share (EPS) Or for Xiabuxiabu Catering Management (China) Holdings: P/E of 22.83 = CN¥9.93 (Note: this is the share price in the reporting currency, namely, CNY ) ÷ CN¥0.43 (Based on the trailing twelve months to December 2018.) Is A High Price-to-Earnings Ratio Good?

Simply Wall St -

Does Market Volatility Impact Xiabuxiabu Catering Management (China) Holdings Co., Ltd.'s (HKG:520) Share Price?

View our latest analysis for Xiabuxiabu Catering Management (China) Holdings What we can learn from 520's beta value Xiabuxiabu Catering Management (China) Holdings has a five-year beta of 1.08. … Xiabuxiabu Catering Management (China) Holdings is a small cap stock with a market capitalisation of HK$13b. … What this means for you: It is probable that there is a link between the share price of Xiabuxiabu Catering Management (China) Holdings and the broader market, since it has a beta value quite close to one.

Simply Wall St -

What Should Investors Know About Xiabuxiabu Catering Management (China) Holdings Co., Ltd.'s (HKG:520) Growth?

Since Xiabuxiabu Catering Management (China) Holdings Co., Ltd. … Below is a brief commentary on the longer term outlook the market has for Xiabuxiabu Catering Management (China) Holdings. … Check out our latest analysis for Xiabuxiabu Catering Management (China) Holdings Can we expect Xiabuxiabu Catering Management (China) Holdings to keep growing?

Simply Wall St -

Should You Be Excited About Xiabuxiabu Catering Management (China) Holdings Co., Ltd.'s (HKG:520) 21% Return On Equity?

Our data shows Xiabuxiabu Catering Management (China) Holdings has a return on equity of 21% for the last year. … The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Xiabuxiabu Catering Management (China) Holdings: 21% = CN¥462m ÷ CN¥2.2b (Based on the trailing twelve months to December 2018.) Most know that net profit is the total earnings after all expenses, but the concept of shareholders' equity is a little more complicated. … Does Xiabuxiabu Catering Management (China) Holdings Have A Good Return On Equity?

Simply Wall St -

If You Like EPS Growth Then Check Out Xiabuxiabu Catering Management (China) Holdings (HKG:520) Before It's Too Late

See our latest analysis for Xiabuxiabu Catering Management (China) Holdings How Quickly Is Xiabuxiabu Catering Management (China) Holdings Increasing Earnings Per Share? … So we're pleased to report that Xiabuxiabu Catering Management (China) Holdings insiders own a meaningful share of the business. … Given my belief that share price follows earnings per share you can easily imagine how I feel about Xiabuxiabu Catering Management (China) Holdings's strong EPS growth.

Simply Wall St -

Did You Miss Xiabuxiabu Catering Management (China) Holdings's (HKG:520) Impressive 153% Share Price Gain?

During three years of share price growth, Xiabuxiabu Catering Management (China) Holdings achieved compound earnings per share growth of 21% per year. … SEHK:520 Past and Future Earnings, June 11th 2019 We know that Xiabuxiabu Catering Management (China) Holdings has improved its bottom line lately, but is it going to grow revenue? … A Different Perspective Xiabuxiabu Catering Management (China) Holdings shareholders are down 39% for the year (even including dividends), falling short of the market return.

Simply Wall St -

Is Xiabuxiabu Catering Management (China) Holdings Co., Ltd. (HKG:520) A Smart Pick For Income Investors?

Looking at the data, we can see that Xiabuxiabu Catering Management (China) Holdings has been paying a dividend for the past four years. … Strong earnings per share (EPS) growth might encourage our interest in the company despite fluctuating dividends, which is why it's great to see Xiabuxiabu Catering Management (China) Holdings has grown its earnings per share at 21% per annum over the past five years. Earnings per share have rocketed in recent times, and we like that the company is retaining more than half of its earnings to reinvest. However, always remember that very few companies can grow at double digit rates forever. Conclusion Dividend investors should always want to know if a) a company's dividends are affordable, b) if there is a track record of consistent payments, and c) if the dividend is capable of growing. … While we're not hugely bearish on it, overall we think there are potentially better dividend stocks than Xiabuxiabu Catering Management (China) Holdings out there.

Simply Wall St -

Should You Be Holding Xiabuxiabu Catering Management (China) Holdings Co., Ltd. (HKG:520)?

In the case of Xiabuxiabu Catering Management (China) Holdings Co., Ltd. … For those interested in understanding where the figures come from and want to see the analysis, take a look at the report on Xiabuxiabu Catering Management (China) Holdings here. … SEHK:520 Historical Debt, May 28th 2019 Next Steps: For Xiabuxiabu Catering Management (China) Holdings, there are three pertinent factors you should look at: Valuation: What is 520 worth today?

Simply Wall St -

A Close Look At Xiabuxiabu Catering Management (China) Holdings Co., Ltd.’s (HKG:520) 25% ROCE

The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Xiabuxiabu Catering Management (China) Holdings: 0.25 = CN¥554m ÷ (CN¥3.3b - CN¥994m) (Based on the trailing twelve months to December 2018.) Therefore, Xiabuxiabu Catering Management (China) Holdings has an ROCE of 25%. … Do Xiabuxiabu Catering Management (China) Holdings's Current Liabilities Skew Its ROCE? … Xiabuxiabu Catering Management (China) Holdings's ROCE is boosted somewhat by its middling amount of current liabilities.

Simply Wall St -

Is Now The Time To Look At Buying Xiabuxiabu Catering Management (China) Holdings Co., Ltd. (HKG:520)?

Xiabuxiabu Catering Management (China) Holdings Co., Ltd. … As a stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock? … Let’s take a look at Xiabuxiabu Catering Management (China) Holdings’s outlook and value based on the most recent financial data to see if the opportunity still exists.

Simply Wall St -

Company Info

Description

Xiabuxiabu Catering Management (China) Holdings Co., Ltd., an investment holding company, operates Chinese hotpot restaurants in the People’s Republic of China. As of December 31, 2018, the company owned and operated 886 restaurants under the Xiabuxiabu brand name in 108 cities in approximately 20 provinces and 3 centrally administered municipalities; and 48 restaurants under the Coucou brand name in Jiangsu, Hubei, Hunan, Henan, Hebei, Shandong, Shanxi, Fujian, Shaanxi, Zhejiang, and Guangdong provinces, as well as in Beijing and Shanghai municipalities. It also offers catering services. The company was founded in 1998 and is headquartered in Beijing, the People’s Republic of China. Xiabuxiabu Catering Management (China) Holdings Co., Ltd. is a subsidiary of Ying Qi Investments Limited.

Details
Name: Xiabuxiabu Catering Management (China) Holdings Co., Ltd.
520
Exchange: SEHK
Founded: 1998
HK$11,913,904,789
1,069,470,807
Website: http://www.xiabu.com
Address: Xiabuxiabu Catering Management (China) Holdings Co., Ltd.
Suncun Industrial Development Zone,
Huangcun Town,
Beijing,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 520 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 17. Dec 2014
DB 0XI Ordinary Shares Deutsche Boerse AG DE EUR 17. Dec 2014
SHSC 520 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 17. Dec 2014
SZSC 520 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 17. Dec 2014
Number of employees
Current staff
Staff numbers
26,219
Xiabuxiabu Catering Management (China) Holdings employees.
Industry
Restaurants
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/20 13:02
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/07/17
Last earnings filing: 2019/04/23
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.