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Shandong International Trust

SEHK:1697
Snowflake Description

Undervalued with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1697
SEHK
HK$5B
Market Cap
  1. Home
  2. HK
  3. Diversified Financials
Company description

Shandong International Trust Co., Ltd. provides various trust services in the People’s Republic of China. The last earnings update was 31 days ago. More info.


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  • Shandong International Trust has significant price volatility in the past 3 months.
1697 Share Price and Events
7 Day Returns
-5.7%
SEHK:1697
0.7%
HK Capital Markets
0.3%
HK Market
1 Year Returns
-38.9%
SEHK:1697
-9.8%
HK Capital Markets
-4.8%
HK Market
1697 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Shandong International Trust (1697) -5.7% -5.7% 38.1% -38.9% - -
HK Capital Markets 0.7% 0.8% 17.4% -9.8% -13.4% 21.8%
HK Market 0.3% 2.3% 10.5% -4.8% 27.1% 20.8%
1 Year Return vs Industry and Market
  • 1697 underperformed the Capital Markets industry which returned -9.8% over the past year.
  • 1697 underperformed the Market in Hong Kong which returned -4.8% over the past year.
Price Volatility
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Shandong International Trust's competitors could be found in our database.

1697 Value

 Is Shandong International Trust 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 Shandong International Trust 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 Shandong International Trust.

SEHK:1697 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= CN¥1.94 * 9.4%
CN¥0.18
Book Value of Equity per Share Median Book Value from the past 5 years. CN¥1.94
Discount Rate (Cost of Equity) See below 7.1%
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:1697
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.733 (1 + (1- 25%) (9.74%))
0.857
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.86
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (0.857 * 5.96%)
7.11%

Discounted Cash Flow Calculation for SEHK:1697 using Excess Returns Model Model

The calculations below outline how an intrinsic value for Shandong International Trust is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

SEHK:1697 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (9.4% – 7.11%) * CN¥1.94)
CN¥0.05
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= CN¥0.05 / (7.11% - 2%)
CN¥0.89
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= CN¥1.94 + CN¥0.89
CN¥2.83
SEHK:1697 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:1697)
1.169
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥2.83 x 1.169
HK$3.31
Value per share (HKD) From above. HK$3.31
Current discount Discount to share price of HK$1.16
= -1 x (HK$1.16 - HK$3.31) / HK$3.31
64.9%

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

Current Discount
Amount off the current price Shandong International Trust is available for.
Intrinsic value
>50%
Share price is HK$1.16 vs Future cash flow value of HK$3.31
Current Discount Checks
For Shandong International Trust to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Shandong International Trust's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Shandong International Trust'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 Shandong International Trust's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Shandong International Trust's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:1697 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥0.19
SEHK:1697 Share Price ** SEHK (2019-04-18) in HKD HK$1.16
SEHK:1697 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.855 CN¥0.99
Hong Kong Capital Markets Industry PE Ratio Median Figure of 43 Publicly-Listed Capital Markets Companies 16.72x
Hong Kong Market PE Ratio Median Figure of 1,474 Publicly-Listed Companies 12.01x

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

** Primary Listing of Shandong International Trust.

SEHK:1697 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1697 Share Price ÷ EPS (both in CNY)

= 0.99 ÷ 0.19

5.3x

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

  • Shandong International Trust is good value based on earnings compared to the HK Capital Markets industry average.
  • Shandong International Trust is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Shandong International Trust's expected growth come at a high price?
Raw Data
SEHK:1697 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.3x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-3.2%per year
Hong Kong Capital Markets Industry PEG Ratio Median Figure of 7 Publicly-Listed Capital Markets Companies 1.06x
Hong Kong Market PEG Ratio Median Figure of 463 Publicly-Listed Companies 0.87x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Shandong International Trust, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Shandong International Trust's assets?
Raw Data
SEHK:1697 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥2.05
SEHK:1697 Share Price * SEHK (2019-04-18) in HKD HK$1.16
SEHK:1697 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.855 CN¥0.99
Hong Kong Capital Markets Industry PB Ratio Median Figure of 71 Publicly-Listed Capital Markets Companies 0.8x
Hong Kong Market PB Ratio Median Figure of 2,149 Publicly-Listed Companies 1.03x
SEHK:1697 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1697 Share Price ÷ Book Value per Share (both in CNY)

= 0.99 ÷ 2.05

0.48x

* Primary Listing of Shandong International Trust.

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

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

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

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

1697 Future Performance

 How is Shandong International Trust expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Shandong International Trust, future earnings growth has been estimated based on fundamentals.
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
-3.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Shandong International Trust expected to grow at an attractive rate?
  • Shandong International Trust's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2%.
Growth vs Market Checks
  • Shandong International Trust's earnings are expected to decrease over the next 1-3 years, this is below the Hong Kong market average.
  • Unable to compare Shandong International Trust's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:1697 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:1697 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -3.2%
Hong Kong Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 16.3%
Hong Kong Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 14.7%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.8%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 11.1%

*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:1697 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:1697 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
SEHK:1697 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 1,229 950 872
2018-06-30 1,378 -1,571 779
2018-03-31 1,427 -1,221 837
2017-12-31 1,476 -872 895
2016-12-31 1,198 -62 833

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Shandong International Trust's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Shandong International Trust is high growth as no revenue estimate data is available.
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:1697 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

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

SEHK:1697 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
SEHK:1697 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 0.19
2018-06-30 0.19
2018-03-31 0.21
2017-12-31 0.24
2016-12-31 0.23

*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.
  • Unable to establish if Shandong International Trust will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Shandong International Trust'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.
Shandong International Trust has a total score of 0/6, 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.

1697 Past Performance

  How has Shandong International Trust 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 Shandong International Trust's growth in the last year to its industry (Capital Markets).
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.
  • Shandong International Trust's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Shandong International Trust's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Shandong International Trust's 1-year earnings growth is negative, it can't be compared to the HK Capital Markets industry average.
Earnings and Revenue History
Shandong International Trust'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 Shandong International Trust Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1697 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 1,228.54 872.25 138.97
2018-06-30 1,377.73 778.67 183.25
2018-03-31 1,426.70 836.74 185.34
2017-12-31 1,475.68 894.81 187.43
2016-12-31 1,197.70 833.03 173.64
2015-12-31 1,677.77 1,075.51 124.81
2014-12-31 1,640.77 985.51 110.79
2013-12-31 1,369.37 889.66 87.70

*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.
  • Shandong International Trust has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Shandong International Trust used its assets more efficiently than the HK Capital Markets industry average last year based on Return on Assets.
  • Unable to establish if Shandong International Trust improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Shandong International Trust'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 Capital Markets 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.
Shandong International Trust has a total score of 1/6, see the detailed checks below.

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

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

1697 Health

 How is Shandong International Trust'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 Shandong International Trust's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Shandong International Trust is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Shandong International Trust's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Shandong International Trust'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 21.1x 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 Shandong International Trust Company Filings, last reported 3 months ago.

SEHK:1697 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 9,540.69 450.00 1,625.34
2018-06-30 9,042.94 1,178.00 1,918.52
2018-03-31 9,042.94 1,178.00 1,918.52
2017-12-31 9,147.54 328.00 2,609.43
2016-12-31 6,341.12 500.00 878.86
2015-12-31 5,997.48 0.00 1,298.60
2014-12-31 5,396.94 0.00 1,386.42
2013-12-31 3,675.81 0.00 1,987.86
  • Shandong International Trust's level of debt (4.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 4.7% today).
  • Debt is well covered by operating cash flow (211.1%, greater than 20% of total debt).
  • Unable to confirm if the interest payments on Shandong International Trust's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Shandong International Trust'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. Shandong International Trust has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

1697 Dividends

 What is Shandong International Trust'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
8.17%
Current annual income from Shandong International Trust dividends.
If you bought HK$2,000 of Shandong International Trust shares you are expected to receive HK$163 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?
  • Shandong International Trust's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (1.94%).
  • Shandong International Trust's dividend is above the markets top 25% of dividend payers in Hong Kong (5.34%).
Upcoming dividend payment

Purchase Shandong International Trust before the 'Buy Limit' to receive their next dividend payment.

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

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SEHK:1697 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 0 Analyst Estimates (S&P Global) See Below
Hong Kong Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 32 Stocks 2.5%
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:1697 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
SEHK:1697 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-04-04 0.081 7.532
2018-04-09 0.096 7.759

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

  • It is too early to tell whether Shandong International Trust has stable dividend payments.
  • Shandong International Trust only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of Shandong International Trust's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.3x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Shandong International Trust'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 Shandong International Trust afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Shandong International Trust has a total score of 3/6, see the detailed checks below.


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

1697 Management

 What is the CEO of Shandong International Trust'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
Zengguang Yue
AGE 43
TENURE AS CEO 0.8 years
CEO Bio

Mr. Zengguang Yue has been General Manager and Executive Director of Shandong International Trust Co.Ltd. since July 10, 2018. Mr. Yue Mr. Yue has over 24 years of experience in accounting, financial and trust industries. From September 2008 to March 2016, he served various positions in the Shandong International Trust Co, including the general manager of financial planning department, the general manager of risk control department and the risk control director and the assistant to the general manager of the Shandong International Trust Co. Before joining the Shandong International Trust Co, he successively worked in Jinan Economic Development Corporation and Shandong Zhengyuan Hexin Accountants Limited. From January 2004 to August 2008, Mr. Yue successively served in Shandong Luxin Industry Group Company and Lucion Group, primarily handling accounting matters of these companies. Mr. Yue was accredited as a senior accountant by the High Review Commission of Professional Title in Accounting in Shandong Province. He possesses the qualification of PRC certified accountant. Mr. Yue graduated from Shandong Economics College (now known as Shandong University of Finance and Economics), majoring in accounting, and obtained a master’s degree, majoring in business administration, in Tianjin University.

CEO Compensation
  • Insufficient data for Zengguang to compare compensation growth.
  • Insufficient data for Zengguang to establish whether their remuneration is reasonable compared to companies of similar size in Hong Kong.
Management Team Tenure

Average tenure and age of the Shandong International Trust management team in years:

2.8
Average Tenure
45
Average Age
  • The tenure for the Shandong International Trust management team is about average.
Management Team

Zhong Wan

TITLE
Acting Chairman
COMPENSATION
CN¥2M
AGE
45

Zengguang Yue

TITLE
GM & Executive Director
AGE
43
TENURE
0.8 yrs

Wenbo Ma

TITLE
Chief Financial Officer
AGE
45
TENURE
4.8 yrs

Chuangye He

TITLE
Vice GM
AGE
43
TENURE
3 yrs

Jiguang Fu

TITLE
Chief Risk Management Officer
AGE
49
TENURE
2.8 yrs

Kenneth Lee

TITLE
Joint Company Secretary
TENURE
0.7 yrs
Board of Directors Tenure

Average tenure and age of the Shandong International Trust board of directors in years:

3.2
Average Tenure
45
Average Age
  • The tenure for the Shandong International Trust board of directors is about average.
Board of Directors

Zengguang Yue

TITLE
GM & Executive Director
AGE
43
TENURE
0.8 yrs

Hua Xiao

TITLE
Vice-Chairperson
AGE
53
TENURE
1.8 yrs

Zhong Wan

TITLE
Acting Chairman
COMPENSATION
CN¥2M
AGE
45
TENURE
0.8 yrs

Huai-Chiang Yen

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥100K
AGE
45
TENURE
3.4 yrs

Huiping Ding

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥100K
AGE
62
TENURE
3.6 yrs

Rujing Meng

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥100K
AGE
41
TENURE
2.6 yrs

Tongshui Jin

TITLE
Non-Executive Director
AGE
53
TENURE
6.7 yrs

Zhenkai Hou

TITLE
Supervisor
AGE
36
TENURE
2.9 yrs

Yong Chen

TITLE
Supervisor
AGE
45
TENURE
4.6 yrs

Chen Wu

TITLE
Supervisor
AGE
42
TENURE
3.9 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 Shandong International Trust'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. Shandong International Trust 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.

1697 News

Simply Wall St News

Here's What Shandong International Trust Co., Ltd.'s (HKG:1697) P/E Ratio Is Telling Us

We'll show how you can use Shandong International Trust Co., Ltd.'s (HKG:1697) P/E ratio to inform your assessment of the investment opportunity. … Based on the last twelve months, Shandong International Trust's P/E ratio is 5.3. … Price to Earnings Ratio = Price per Share (in the reporting currency) ÷ Earnings per Share (EPS)

Simply Wall St -

A Spotlight On Shandong International Trust Co., Ltd.'s (HKG:1697) Fundamentals

By this I mean, I look at stocks holistically, from their financial health to their future outlook. … In the case of Shandong International Trust Co., Ltd. … is a company that has been able to sustain great financial health, trading at an attractive share price.

Simply Wall St -

The Shandong International Trust Share Price Is Down 50% So Some Shareholders Are Getting Worried

Shandong International Trust Co., Ltd. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … Unhappily, Shandong International Trust had to report a 22% decline in EPS over the last year.

Simply Wall St -

Who Has Been Buying Shandong International Trust Co Ltd (HKG:1697) Shares?

We often see insiders buying up shares in companies that perform well over the long term. … So shareholders might well want to know whether insiders have been buying or selling shares in Shandong International Trust Co Ltd (HKG:1697). … Shandong International Trust Insider Transactions Over The Last Year.

Simply Wall St -

Should Shandong International Trust Co Ltd (HKG:1697) Be Part Of Your Portfolio?

Shandong International Trust Co Ltd (HKG:1697) has returned an average dividend yield of 6.00% annually to shareholders. … Let's take a look at Shandong International Trust in more detail. … See our latest analysis for Shandong International Trust

Simply Wall St -

Should You Be Holding Shandong International Trust Co Ltd (HKG:1697)?

Shandong International Trust Co Ltd (HKG:1697) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective. … that has been a rockstar for income investors, currently trading at an attractive share price

Simply Wall St -

Is Now The Right Time To Buy Shandong International Trust Co Ltd (HKG:1697)?

Growth expectations for Shandong International Trust Co Ltd (HKG:1697) are high, but many investors are starting to ask whether its last close at HK$3.11 can still be rationalized by the future potential. … View out our latest analysis for Shandong International Trust? … If you are bullish about Shandong International Trust's growth potential then you are certainly not alone

Simply Wall St -

Shandong International Trust Co Ltd (HKG:1697): What Can We Expect From This High Growth Stock?

The latest earnings announcement Shandong International Trust Co Ltd (HKG:1697) released in December 2017a

Simply Wall St -

Should You Be Happy With Shandong International Trust Co Ltd.'s (HKG:1697) 7.42% Earnings Growth?

Below, I will run you through a simple sense check to build perspective on how Shandong International Trust is doing by comparing its most recent earnings with its historical trend, in addition to the performance of its capital markets industry peers. … For Shandong International Trust, its most recent trailing-twelve-month earnings is CN¥894.81M, which, against the previous year's level, has increased by a relatively unexciting 7.42%. … Given that these figures may be somewhat short-term, I have calculated an annualized five-year value for 1697's net income, which stands at CN¥935.70M This means while earnings increased from last year's level, over the past couple of years, Shandong International Trust's earnings have been deteriorating on average.

Simply Wall St -

Hedge Your Bet With These Financial Dividend Payers

Plus, a 6.12% yield places it amidst the market’s top dividend payers. … SEHK:1697 Historical Dividend Yield May 3rd 18 China Development Bank Financial Leasing Co., Ltd. … SEHK:2356 Historical Dividend Yield May 3rd 18 For more solid dividend paying companies to add to your portfolio, explore this interactive list of top dividend payers.

Simply Wall St -

1697 Company Info

Description

Shandong International Trust Co., Ltd. provides various trust services in the People’s Republic of China. The company operates through Trust Business and Proprietary Business segments. It accepts entrustment of funds and property from its trustor clients; and manages such entrusted funds and property to satisfy its trustor clients’ financing, investment, and wealth management needs. The company offers private equity investment banking services to various enterprises and institutions through real estate, governmental platform and infrastructure, and industrial and commercial enterprises trusts; and asset and wealth management services to institutional investors and high-net-worth individuals through securities investment, indirect investment, family, discretionary wealth management, and other trusts. It also provides administrative services to the trustors through administrative management trusts. In addition, the company offers professional, personalized, and integrated financial services for various investors, as well as various investment forms, including loans, equity investments, asset securitization, income right securitization, and financial leasing. Further, it invests its asset in various types of equity products, such as listed shares and mutual funds, as well as wealth management products. The company was founded in 1987 and is headquartered in Jinan, China. Shandong International Trust Co., Ltd. is a subsidiary Shandong Lucion Investment Holdings Group Co., Ltd.

Details
Name: Shandong International Trust Co., Ltd.
1697
Exchange: SEHK
Founded: 1987
HK$5,404,266,000
4,658,850,000
Website: http://www.sitic.com.cn
Address: Shandong International Trust Co., Ltd.
No. 166 Jiefang Road,
Lixia District,
Jinan,
Shandong Province, 250013,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1697 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong Ltd. HK HKD 08. Dec 2017
Number of employees
Current staff
Staff numbers
212
Shandong International Trust employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/22 13:05
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2018/03/22
Last earnings filing: 2019/03/22
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.