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China Education Group Holdings

SEHK:839
Snowflake Description

Excellent balance sheet with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
839
SEHK
HK$27B
Market Cap
  1. Home
  2. HK
  3. Consumer Services
Company description

China Education Group Holdings Limited, an investment holding company, operates private higher and vocational education institutions in the People's Republic of China. The last earnings update was 112 days ago. More info.


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  • China Education Group Holdings has significant price volatility in the past 3 months.
839 Share Price and Events
7 Day Returns
3.5%
SEHK:839
1.7%
HK Consumer Services
-0.2%
HK Market
1 Year Returns
23.4%
SEHK:839
-6.3%
HK Consumer Services
-3.9%
HK Market
839 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
China Education Group Holdings (839) 3.5% 7% 20% 23.4% - -
HK Consumer Services 1.7% 5.6% 18.4% -6.3% 18.4% -15.5%
HK Market -0.2% 1.9% 13% -3.9% 28.2% 20.5%
1 Year Return vs Industry and Market
  • 839 outperformed the Consumer Services industry which returned -6.3% over the past year.
  • 839 outperformed the Market in Hong Kong which returned -3.9% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

Value

 Is China Education Group 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 China Education Group 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 China Education Group Holdings.

SEHK:839 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 8.6%
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:839
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6.7%
Consumer Services Unlevered Beta Simply Wall St/ S&P Global 0.97
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.974 (1 + (1- 25%) (1.04%))
0.988
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.99
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (0.988 * 6.65%)
8.57%

Discounted Cash Flow Calculation for SEHK:839 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for China Education Group 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:839 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 8.57%)
2019 1,302.58 Analyst x5 1,199.75
2020 1,161.10 Analyst x7 985.01
2021 1,386.08 Analyst x7 1,083.06
2022 2,085.00 Analyst x1 1,500.57
2023 2,527.00 Analyst x1 1,675.10
2024 2,881.46 Est @ 14.03% 1,759.29
2025 3,181.70 Est @ 10.42% 1,789.25
2026 3,432.89 Est @ 7.89% 1,778.11
2027 3,643.23 Est @ 6.13% 1,738.09
2028 3,821.38 Est @ 4.89% 1,679.17
Present value of next 10 years cash flows CN¥15,187.40
SEHK:839 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CN¥3,821.38 × (1 + 2%) ÷ (8.57% – 2%)
CN¥59,349.90
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥59,349.90 ÷ (1 + 8.57%)10
CN¥26,079.15
SEHK:839 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥15,187.40 + CN¥26,079.15
CN¥41,266.55
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥41,266.55 / 2,020.20
CN¥20.43
SEHK:839 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:839)
1.173
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥20.43 x 1.173
HK$23.96
Value per share (HKD) From above. HK$23.96
Current discount Discount to share price of HK$13.06
= -1 x (HK$13.06 - HK$23.96) / HK$23.96
45.5%

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

Current Discount
Amount off the current price China Education Group Holdings is available for.
Intrinsic value
45%
Share price is HK$13.06 vs Future cash flow value of HK$23.96
Current Discount Checks
For China Education Group Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • China Education Group Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • China Education Group 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 China Education Group Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are China Education Group Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:839 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-08-31) in CNY CN¥0.27
SEHK:839 Share Price ** SEHK (2019-04-18) in HKD HK$13.06
SEHK:839 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.853 CN¥11.13
Hong Kong Consumer Services Industry PE Ratio Median Figure of 36 Publicly-Listed Consumer Services Companies 20.61x
Hong Kong Market PE Ratio Median Figure of 1,475 Publicly-Listed Companies 11.98x

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

** Primary Listing of China Education Group Holdings.

SEHK:839 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:839 Share Price ÷ EPS (both in CNY)

= 11.13 ÷ 0.27

41.93x

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

  • China Education Group Holdings is overvalued based on earnings compared to the HK Consumer Services industry average.
  • China Education Group Holdings is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does China Education Group Holdings's expected growth come at a high price?
Raw Data
SEHK:839 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 41.93x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts
20.9%per year
Hong Kong Consumer Services Industry PEG Ratio Median Figure of 16 Publicly-Listed Consumer Services Companies 0.97x
Hong Kong Market PEG Ratio Median Figure of 463 Publicly-Listed Companies 0.87x

*Line of best fit is calculated by linear regression .

SEHK:839 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 41.93x ÷ 20.9%

2x

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

  • China Education Group Holdings is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on China Education Group Holdings's assets?
Raw Data
SEHK:839 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-08-31) in CNY CN¥3.04
SEHK:839 Share Price * SEHK (2019-04-18) in HKD HK$13.06
SEHK:839 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.853 CN¥11.13
Hong Kong Consumer Services Industry PB Ratio Median Figure of 49 Publicly-Listed Consumer Services Companies 2.52x
Hong Kong Market PB Ratio Median Figure of 2,150 Publicly-Listed Companies 1.03x
SEHK:839 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:839 Share Price ÷ Book Value per Share (both in CNY)

= 11.13 ÷ 3.04

3.66x

* Primary Listing of China Education Group Holdings.

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

  • China Education Group Holdings is overvalued based on assets compared to the HK Consumer Services industry average.
X
Value checks
We assess China Education Group 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 Consumer Services 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 Services industry average (and greater than 0)? (1 check)
  5. China Education Group 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 China Education Group 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
20.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is China Education Group Holdings expected to grow at an attractive rate?
  • China Education Group Holdings's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • China Education Group Holdings's earnings growth is expected to exceed the Hong Kong market average.
  • China Education Group Holdings's revenue growth is expected to exceed the Hong Kong market average.
Annual Growth Rates Comparison
Raw Data
SEHK:839 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:839 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts 20.9%
SEHK:839 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 14 Analysts 19.3%
Hong Kong Consumer Services Industry Earnings Growth Rate Market Cap Weighted Average 21%
Hong Kong Consumer Services Industry Revenue Growth Rate Market Cap Weighted Average 20%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.7%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 11.3%

*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:839 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (7 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:839 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-08-31
2022-08-31
2021-12-31 2,740 1,109 1
2021-08-31 2,876 1,766 1,228 11
2020-12-31 2,476 991 1
2020-08-31 2,435 1,590 1,048 14
2019-12-31 2,221 870 1
2019-08-31 2,021 1,545 871 14
2018-12-31 1,746 738 1
SEHK:839 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-08-31 1,399 606 536
2018-06-30 1,213 406 574
2018-03-31 1,081 556 498
2017-12-31 949 706 421
2017-09-30 899 638 410
2017-06-30 849 564 399
2017-03-31 855 522 411
2016-12-31 861 481 423
2015-12-31 846 444 362

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • China Education Group Holdings's earnings are expected to grow significantly at over 20% yearly.
  • China Education Group Holdings's revenue is expected to grow by 19.3% 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:839 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 14 Analyst Estimates (S&P Global) See Below

All data from China Education Group Holdings Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:839 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-08-31
2022-08-31
2021-12-31 0.55 0.55 0.55 1.00
2021-08-31 0.62 0.80 0.47 10.00
2020-12-31 0.49 0.49 0.49 1.00
2020-08-31 0.53 0.66 0.44 12.00
2019-12-31 0.43 0.43 0.43 1.00
2019-08-31 0.43 0.48 0.38 12.00
2018-12-31 0.37 0.37 0.37 1.00
SEHK:839 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-08-31 0.27
2018-06-30 0.32
2018-03-31 0.30
2017-12-31 0.28
2017-09-30 0.27
2017-06-30 0.27
2017-03-31 0.27
2016-12-31 0.28
2015-12-31 0.24

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • China Education Group Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess China Education Group 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.
China Education Group 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 China Education Group 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 China Education Group Holdings's growth in the last year to its industry (Consumer Services).
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.
  • China Education Group Holdings's year on year earnings growth rate has been positive over the past 5 years.
  • China Education Group Holdings's 1-year earnings growth exceeds its 5-year average (31.9% vs 14%)
  • China Education Group Holdings's earnings growth has exceeded the HK Consumer Services industry average in the past year (31.9% vs 30%).
Earnings and Revenue History
China Education Group 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 China Education Group Holdings Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:839 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-08-31 1,399.37 536.38 278.63
2018-06-30 1,213.21 574.01 211.99
2018-03-31 1,081.19 497.74 178.16
2017-12-31 949.17 421.47 144.33
2017-09-30 898.93 410.21 129.87
2017-06-30 848.69 398.95 115.42
2017-03-31 854.99 411.15 113.34
2016-12-31 861.29 423.35 111.26
2015-12-31 846.02 361.90 117.67
2014-12-31 821.93 309.43 132.84

*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.
  • China Education Group Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • China Education Group Holdings used its assets less efficiently than the HK Consumer Services industry average last year based on Return on Assets.
  • China Education Group Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess China Education Group 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 Consumer Services 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.
China Education Group Holdings 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 China Education Group 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 China Education Group Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • China Education Group Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • China Education Group Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of China Education Group Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 8.7x 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 China Education Group Holdings Company Filings, last reported 7 months ago.

SEHK:839 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-08-31 6,462.17 237.00 1,810.74
2018-06-30 6,394.00 130.00 1,363.81
2018-03-31 6,394.00 130.00 1,363.81
2017-12-31 5,639.04 0.00 3,303.61
2017-09-30 5,639.04 0.00 3,303.61
2017-06-30 2,741.22 430.27 502.20
2017-03-31 2,741.22 430.27 502.20
2016-12-31 2,527.34 487.82 677.06
2015-12-31 2,121.02 495.36 646.13
2014-12-31 1,800.88 307.40 556.68
  • China Education Group Holdings's level of debt (3.7%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if China Education Group Holdings's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (255.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 40.9x coverage).
X
Financial health checks
We assess China Education Group 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. China Education Group Holdings has a total score of 5/6, 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 China Education Group 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
0.57%
Current annual income from China Education Group Holdings dividends. Estimated to be 1.34% next year.
If you bought HK$2,000 of China Education Group Holdings shares you are expected to receive HK$11 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?
  • China Education Group Holdings's pays a lower dividend yield than the bottom 25% of dividend payers in Hong Kong (1.95%).
  • China Education Group Holdings's dividend is below the markets top 25% of dividend payers in Hong Kong (5.27%).
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:839 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 Consumer Services Industry Average Dividend Yield Market Cap Weighted Average of 17 Stocks 2%
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:839 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2023-08-31
2022-08-31
2021-12-31 0.18 1.00
2021-08-31 0.17 9.00
2020-12-31 0.17 1.00
2020-08-31 0.15 11.00
2019-12-31 0.15 1.00
2019-08-31 0.13 11.00
2018-12-31 0.12 1.00
SEHK:839 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2018-12-27 0.063 0.646
2018-11-20 0.065 0.723

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

  • China Education Group Holdings is not paying a notable dividend for Hong Kong, therefore no need to check if the payments are stable.
  • China Education Group Holdings is not paying a notable dividend for Hong Kong, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of China Education Group Holdings's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of China Education Group Holdings's dividends as it is not paying a notable one for Hong Kong.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.6x coverage).
X
Income/ dividend checks
We assess China Education Group Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can China Education Group Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. China Education Group Holdings has a total score of 1/6, 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 China Education Group 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
Kai Yu
COMPENSATION CN¥1,584,000
AGE 33
TENURE AS CEO 1.7 years
CEO Bio

Dr. Yu Kai is the Chief Executive Officer and Executive Director at China Education Group Holdings Ltd. Dr. Yu served as an educational consultant to the World Bank. He also provided research services to the Degrees Commission of the State Council of the PRC, the MOE Higher Education Department, the MOE Degree Management and Graduate Education Department and the Research Office of the Jiangxi People’s Government. Dr. Yu has authored 10 books and 35 journal articles covering the topics ranging from policy, learning, financing, and investment in education. Dr. Yu served as a reviewer of textbooks for Cambridge University Press. He has received the National Outstanding Achievement in Educational Sciences Research Award Second Class Award the Outstanding Research and Consultation Report in Philosophy and Social Sciences Award, the Shanghai Municipal Outstanding Achievement in Philosophy and Social Sciences Award Second Class Award for Papers, the Jiangxi Provincial Outstanding Achievement in Teaching Award First Class Award and the Jiangxi Provincial Outstanding Achievement in Educational Sciences Award First Class Award. He has also been elected to the New Century Outstanding Talent Support Plan, and received the Shanghai Municipal Pujiang Talent Award. Dr. Yu has been a PhD Adviser at Shanghai Jiao Tong University in the field of Economics and Administration of Education. Dr. Yu received his Bachelor of Engineering degree in Computer Science (First Class Honours) from the Queen’s University of Belfast, his Master of Science degree in Educational Studies from the University of Oxford and his Doctor of Philosophy degree in Educational Studies from the University of Oxford, respectively. Dr. Yu also received his Master of Business Administration degree in Finance from the China Europe International Business School.

CEO Compensation
  • Kai's compensation has increased by more than 20% in the past year.
  • Kai's remuneration is lower than average for companies of similar size in Hong Kong.
Management Team

Guo Yu

TITLE
Co-Chairman
COMPENSATION
CN¥909K
AGE
56

Ketao Xie

TITLE
Co-Chairman
AGE
54

Kai Yu

TITLE
CEO & Executive Director
COMPENSATION
CN¥2M
AGE
33
TENURE
1.7 yrs

Shaohua Xie

TITLE
Executive Director
AGE
55

Bill Mok

TITLE
CFO & Company Secretary
AGE
57
TENURE
1.9 yrs
Board of Directors Tenure

Average tenure and age of the China Education Group Holdings board of directors in years:

1.4
Average Tenure
55
Average Age
  • The average tenure for the China Education Group Holdings board of directors is less than 3 years, this suggests a new board.
Board of Directors

Guo Yu

TITLE
Co-Chairman
COMPENSATION
CN¥909K
AGE
56
TENURE
1.4 yrs

Ketao Xie

TITLE
Co-Chairman
AGE
54
TENURE
1.4 yrs

Kai Yu

TITLE
CEO & Executive Director
COMPENSATION
CN¥2M
AGE
33
TENURE
1.7 yrs

Shaohua Xie

TITLE
Executive Director
AGE
55
TENURE
1.7 yrs

Gerard A. Postiglione

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥154K
AGE
67
TENURE
1.3 yrs

Meng Rui

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥154K
AGE
51
TENURE
1.3 yrs

Kin Bing Wu

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥154K
AGE
67
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
X
Management checks
We assess China Education Group 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. China Education Group 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

What Kind Of Shareholders Own China Education Group Holdings Limited (HKG:839)?

If you want to know who really controls China Education Group Holdings Limited (HKG:839), then you'll have to look at the makeup of its share registry. … China Education Group Holdings is a pretty big company. … Check out our latest analysis for China Education Group Holdings

Simply Wall St -

Why China Education Group Holdings Limited (HKG:839) Is A Financially Healthy Company

Small-caps and large-caps are wildly popular among investors; however, mid-cap stocks, such as China Education Group Holdings Limited (HKG:839) with a market-capitalization of HK$24b, rarely draw their attention. … 839’s financial liquidity and debt position will be analysed in this article, to get an idea of whether the company can fund opportunities for strategic growth and maintain strength through economic downturns. … View our latest analysis for China Education Group Holdings

Simply Wall St -

What Do Analysts Think About China Education Group Holdings Limited's (HKG:839) Earnings Trend?

China Education Group Holdings Limited's (HKG:839) latest earnings announcement in August 2018a

Simply Wall St -

Despite Its High P/E Ratio, Is China Education Group Holdings Limited (HKG:839) Still Undervalued?

To keep it practical, we'll show how China Education Group Holdings Limited's (HKG:839) P/E ratio could help you assess the value on offer. … China Education Group Holdings has a P/E ratio of 38.57, based on the last twelve months. … How Do You Calculate China Education Group Holdings's P/E Ratio

Simply Wall St -

Examining China Education Group Holdings Limited’s (HKG:839) Weak Return On Capital Employed

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Return On Capital Employed (ROCE): What is it? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

Should You Consider China Education Group Holdings Limited (HKG:839)?

Want to help shape the future of investing tools? … As an investor, I look for investments which does not compromise one fundamental factor for another. … By this I mean, I look at stocks holistically, from their financial health to their future outlook.

Simply Wall St -

Should You Ramp Up Holdings In China Education Group Holdings Limited (HKG:839)?

High quality companies, such as China Education Group Holdings Limited, are impacted by general market panic and sell-off, but the fundamentals of these companies stay the same. … See our latest analysis for China Education Group Holdings? … China Education Group Holdings Limited, an investment holding company, operates private higher and vocational education institutions in the People's Republic of China

Simply Wall St -

Do Institutions Own China Education Group Holdings Limited (HKG:839) Shares?

If you want to know who really controls China Education Group Holdings Limited (HKG:839), then you'll have to look at the makeup of its share registry. … With a market capitalization of HK$19b, China Education Group Holdings is a decent size, so it is probably on the radar of institutional investors. … View our latest analysis for China Education Group Holdings

Simply Wall St -

Will China Education Group Holdings Limited's (HKG:839) Earnings Grow In The Next Couple Of Years?

In August 2018, China Education Group Holdings Limited (HKG:839) announced its latest earnings update, whicha

Simply Wall St -

Is China Education Group Holdings Limited's (HKG:839) ROE Of 9.3% Concerning?

We'll use ROE to examine China Education Group Holdings Limited (HKG:839), by way of a worked example. … Over the last twelve months China Education Group Holdings has recorded a ROE of 9.3%. … Check out our latest analysis for China Education Group Holdings?

Simply Wall St -

Company Info

Description

China Education Group Holdings Limited, an investment holding company, operates private higher and vocational education institutions in the People's Republic of China. The company offers 86 Bachelor’s degree programs, 43 junior college diploma programs, and 129 vocational education programs. It also provides educational consultancy services; and vocational education services for technical workers and technicians. It also operates seven schools under the Jiangxi University of Technology, Guangdong Baiyun University, and Baiyun Technician College names. The company was founded in 1999 and is based in Central, Hong Kong.

Details
Name: China Education Group Holdings Limited
839
Exchange: SEHK
Founded: 1999
HK$26,626,262,360
2,020,202,000
Website: http://www.chinaeducation.hk
Address: China Education Group Holdings Limited
Two Exchange Square,
Suite 1504,
Central,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 839 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 15. Dec 2017
SHSC 839 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 15. Dec 2017
SZSC 839 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 15. Dec 2017
Number of employees
Current staff
Staff numbers
6,307
China Education Group Holdings employees.
Industry
Education Services
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 13:08
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2018/12/27
Last earnings reported: 2018/08/31
Last annual earnings reported: 2018/08/31


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.