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China Suntien Green Energy

SEHK:956
Snowflake Description

Very undervalued average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
956
SEHK
HK$8B
Market Cap
  1. Home
  2. HK
  3. Energy
Company description

China Suntien Green Energy Corporation Limited, together with its subsidiaries, explores for and utilizes new and clean energies in the People’s Republic of China. The last earnings update was 2 days ago. More info.


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956 Share Price and Events
7 Day Returns
-3.8%
SEHK:956
-0.8%
HK Oil and Gas
-1.3%
HK Market
1 Year Returns
-12.1%
SEHK:956
-8.9%
HK Oil and Gas
-5.7%
HK Market
956 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
China Suntien Green Energy (956) -3.8% -5.8% 7.6% -12.1% 148.4% -13.7%
HK Oil and Gas -0.8% 0.5% 2.1% -8.9% 6.6% -26.6%
HK Market -1.3% 3.2% 9.8% -5.7% 27% 20.8%
1 Year Return vs Industry and Market
  • 956 underperformed the Oil and Gas industry which returned -8.9% over the past year.
  • 956 underperformed the Market in Hong Kong which returned -5.7% over the past year.
Price Volatility
956
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for China Suntien Green Energy's competitors could be found in our database.

Value

 Is China Suntien Green Energy 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 Suntien Green Energy 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 Suntien Green Energy.

SEHK:956 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 10 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 13.9%
Perpetual Growth Rate 10-Year HK Government Bond Rate 2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SEHK:956
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.96
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.959 (1 + (1- 25%) (315.16%))
2.49
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (2 * 5.96%)
13.92%

Discounted Cash Flow Calculation for SEHK:956 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for China Suntien Green Energy 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:956 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 13.92%)
2019 -2,741.00 Analyst x2 -2,406.01
2020 739.00 Analyst x2 569.41
2021 1,161.50 Analyst x2 785.57
2022 1,453.50 Analyst x2 862.92
2023 2,142.00 Analyst x2 1,116.25
2024 2,646.38 Est @ 23.55% 1,210.55
2025 3,098.48 Est @ 17.08% 1,244.14
2026 3,487.63 Est @ 12.56% 1,229.25
2027 3,815.21 Est @ 9.39% 1,180.36
2028 4,088.98 Est @ 7.18% 1,110.45
Present value of next 10 years cash flows CN¥6,902.89
SEHK:956 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CN¥4,088.98 × (1 + 2%) ÷ (13.92% – 2%)
CN¥34,990.62
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥34,990.62 ÷ (1 + 13.92%)10
CN¥9,502.49
SEHK:956 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥6,902.89 + CN¥9,502.49
CN¥16,405.38
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥16,405.38 / 3,715.16
CN¥4.42
SEHK:956 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:956)
1.167
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥4.42 x 1.167
HK$5.15
Value per share (HKD) From above. HK$5.15
Current discount Discount to share price of HK$2.26
= -1 x (HK$2.26 - HK$5.15) / HK$5.15
56.1%

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

Current Discount
Amount off the current price China Suntien Green Energy is available for.
Intrinsic value
>50%
Share price is HK$2.26 vs Future cash flow value of HK$5.15
Current Discount Checks
For China Suntien Green Energy to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • China Suntien Green Energy's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • China Suntien Green Energy'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 Suntien Green Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are China Suntien Green Energy's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:956 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥0.33
SEHK:956 Share Price ** SEHK (2019-04-25) in HKD HK$2.26
SEHK:956 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.857 CN¥1.94
Hong Kong Oil and Gas Industry PE Ratio Median Figure of 28 Publicly-Listed Oil and Gas Companies 10.68x
Hong Kong Market PE Ratio Median Figure of 1,476 Publicly-Listed Companies 12.09x

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

** Primary Listing of China Suntien Green Energy.

SEHK:956 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:956 Share Price ÷ EPS (both in CNY)

= 1.94 ÷ 0.33

5.8x

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

  • China Suntien Green Energy is good value based on earnings compared to the HK Oil and Gas industry average.
  • China Suntien Green Energy is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does China Suntien Green Energy's expected growth come at a high price?
Raw Data
SEHK:956 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.8x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
12.2%per year
Hong Kong Oil and Gas Industry PEG Ratio Median Figure of 11 Publicly-Listed Oil and Gas Companies 0.86x
Hong Kong Market PEG Ratio Median Figure of 465 Publicly-Listed Companies 0.86x

*Line of best fit is calculated by linear regression .

SEHK:956 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 5.8x ÷ 12.2%

0.47x

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

  • China Suntien Green Energy is good value based on expected growth next year.
Price based on value of assets
What value do investors place on China Suntien Green Energy's assets?
Raw Data
SEHK:956 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥2.70
SEHK:956 Share Price * SEHK (2019-04-25) in HKD HK$2.26
SEHK:956 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.857 CN¥1.94
Hong Kong Oil and Gas Industry PB Ratio Median Figure of 43 Publicly-Listed Oil and Gas Companies 1.06x
Hong Kong Market PB Ratio Median Figure of 2,150 Publicly-Listed Companies 1.02x
SEHK:956 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:956 Share Price ÷ Book Value per Share (both in CNY)

= 1.94 ÷ 2.70

0.72x

* Primary Listing of China Suntien Green Energy.

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

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

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

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

Future Performance

 How is China Suntien Green Energy expected to perform in the next 1 to 3 years based on estimates from 10 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
12.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is China Suntien Green Energy expected to grow at an attractive rate?
  • China Suntien Green Energy's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • China Suntien Green Energy's earnings growth is expected to exceed the Hong Kong market average.
  • China Suntien Green Energy's revenue growth is expected to exceed the Hong Kong market average.
Annual Growth Rates Comparison
Raw Data
SEHK:956 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:956 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts 12.2%
SEHK:956 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts 16.5%
Hong Kong Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 6.8%
Hong Kong Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.1%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.9%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 11.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

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

Analysts growth expectations
Raw Data
SEHK:956 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:956 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 17,201 4,619 1,815 4
2020-12-31 13,668 4,238 1,616 10
2019-12-31 12,048 4,221 1,468 8
SEHK:956 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 9,975 3,156 1,240
2018-09-30 9,325 2,873 1,195
2018-06-30 8,675 2,590 1,150
2018-03-31 7,866 2,616 1,045
2017-12-31 7,058 2,642 940
2017-09-30 6,281 2,453 865
2017-06-30 5,505 2,263 790
2017-03-31 4,944 1,928 666
2016-12-31 4,384 1,593 542
2016-09-30 4,159 1,397 394
2016-06-30 3,935 1,201 246
2016-03-31 4,080 1,270 207

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • China Suntien Green Energy's earnings are expected to grow by 12.2% yearly, however this is not considered high growth (20% yearly).
  • China Suntien Green Energy's revenue is expected to grow by 16.5% 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:956 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 10 Analyst Estimates (S&P Global) See Below

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

SEHK:956 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.48 0.51 0.47 4.00
2020-12-31 0.43 0.47 0.38 10.00
2019-12-31 0.39 0.41 0.36 9.00
SEHK:956 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 0.33
2018-09-30 0.32
2018-06-30 0.31
2018-03-31 0.28
2017-12-31 0.25
2017-09-30 0.23
2017-06-30 0.21
2017-03-31 0.18
2016-12-31 0.15
2016-09-30 0.11
2016-06-30 0.07
2016-03-31 0.06

*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 Suntien Green Energy is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess China Suntien Green Energy'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 Suntien Green Energy has a total score of 3/6, 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 Suntien Green Energy 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 Suntien Green Energy's growth in the last year to its industry (Oil and Gas).
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 Suntien Green Energy has delivered over 20% year on year earnings growth in the past 5 years.
  • China Suntien Green Energy's 1-year earnings growth is less than its 5-year average (31.9% vs 32%)
  • China Suntien Green Energy's earnings growth has exceeded the HK Oil and Gas industry average in the past year (31.9% vs 10.8%).
Earnings and Revenue History
China Suntien Green Energy'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 Suntien Green Energy Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:956 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 9,975.41 1,239.79 502.16
2018-09-30 9,325.25 1,194.75 494.14
2018-06-30 8,675.10 1,149.72 486.12
2018-03-31 7,866.34 1,044.67 469.77
2017-12-31 7,057.58 939.62 453.41
2017-09-30 6,281.15 864.66 392.10
2017-06-30 5,504.71 789.70 330.79
2017-03-31 4,944.27 665.64 316.51
2016-12-31 4,383.83 541.57 302.24
2016-09-30 4,159.45 393.61 290.65
2016-06-30 3,935.08 245.64 279.07
2016-03-31 4,079.64 206.99 275.90
2015-12-31 4,224.21 168.35 272.74
2015-09-30 4,597.38 296.46 261.13
2015-06-30 4,970.56 424.56 249.53
2015-03-31 5,059.99 379.81 252.68
2014-12-31 5,149.43 335.05 255.83
2014-09-30 5,086.52 325.66 256.63
2014-06-30 5,023.62 316.27 257.43
2014-03-31 4,842.27 387.89 248.52
2013-12-31 4,660.92 459.52 239.61
2013-09-30 4,363.08 489.16 224.17
2013-06-30 4,065.24 518.81 208.74
2013-03-31 3,883.66 534.25 201.88
2012-12-31 3,702.08 549.70 195.03
2012-09-30 3,541.30 509.51 182.99
2012-06-30 3,380.53 469.31 170.95

*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 Suntien Green Energy has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • China Suntien Green Energy used its assets less efficiently than the HK Oil and Gas industry average last year based on Return on Assets.
  • China Suntien Green Energy has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess China Suntien Green Energy'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 Oil and Gas 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 Suntien Green Energy 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 Suntien Green Energy'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 Suntien Green Energy's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • China Suntien Green Energy's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • China Suntien Green Energy's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of China Suntien Green Energy's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.3x 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 Suntien Green Energy Company Filings, last reported 3 months ago.

SEHK:956 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 12,396.55 22,681.18 2,240.33
2018-09-30 12,396.55 22,681.18 2,240.33
2018-06-30 11,713.04 20,608.17 2,269.04
2018-03-31 11,713.04 20,608.17 2,269.04
2017-12-31 10,501.09 20,008.65 2,110.04
2017-09-30 10,501.09 20,008.65 2,110.04
2017-06-30 10,204.97 18,712.57 2,142.01
2017-03-31 10,204.97 18,712.57 2,142.01
2016-12-31 9,533.93 17,045.47 1,491.17
2016-09-30 9,533.93 17,045.47 1,491.17
2016-06-30 9,251.80 16,063.98 2,316.11
2016-03-31 9,251.80 16,063.98 2,316.11
2015-12-31 8,900.52 15,826.12 3,368.61
2015-09-30 8,900.52 15,826.12 3,368.61
2015-06-30 8,994.53 12,463.19 3,300.39
2015-03-31 8,994.53 12,463.19 3,300.39
2014-12-31 8,762.39 11,025.99 3,397.42
2014-09-30 8,762.39 11,025.99 3,397.42
2014-06-30 8,297.99 10,266.37 3,815.31
2014-03-31 8,297.99 10,266.37 3,815.31
2013-12-31 7,106.57 8,903.56 1,819.59
2013-09-30 7,106.57 8,903.56 1,819.59
2013-06-30 6,897.22 7,731.78 1,492.56
2013-03-31 6,897.22 7,731.78 1,492.56
2012-12-31 6,622.69 7,499.97 960.76
2012-09-30 6,622.69 7,499.97 960.76
2012-06-30 6,268.04 7,125.44 1,125.92
  • China Suntien Green Energy's level of debt (183%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (125.3% vs 183% today).
  • Debt is not well covered by operating cash flow (13.9%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.9x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess China Suntien Green Energy'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 Suntien Green Energy has a total score of 0/6, 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 Suntien Green Energy'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
6.45%
Current annual income from China Suntien Green Energy dividends. Estimated to be 8.22% next year.
If you bought HK$2,000 of China Suntien Green Energy shares you are expected to receive HK$129 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 Suntien Green Energy's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (1.97%).
  • China Suntien Green Energy's dividend is above the markets top 25% of dividend payers in Hong Kong (5.39%).
Upcoming dividend payment

Purchase China Suntien Green Energy 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:956 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 10 Analyst Estimates (S&P Global) See Below
Hong Kong Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 5.4%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 966 Stocks 3.4%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.1%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.4%

Industry and Market average data is calculated daily.

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

SEHK:956 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.17 4.00
2020-12-31 0.17 10.00
2019-12-31 0.15 10.00
SEHK:956 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-03-12 0.125 6.056
2018-06-08 0.103 5.525
2017-03-21 0.063 3.982
2016-06-13 0.015 1.613
2015-04-16 0.031 3.151
2015-03-24 0.031 1.991
2014-06-06 0.046 2.930
2013-06-06 0.020 0.914
2012-03-30 0.058 4.430
2011-03-28 0.005 0.337

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

  • China Suntien Green Energy has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but China Suntien Green Energy only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of China Suntien Green Energy's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.8x coverage).
X
Income/ dividend checks
We assess China Suntien Green Energy'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 Suntien Green Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. China Suntien Green Energy has a total score of 4/6, see the detailed checks below.


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

Management

 What is the CEO of China Suntien Green Energy'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
Chun Mei
COMPENSATION CN¥956,902
AGE 49
TENURE AS CEO 2.1 years
CEO Bio

Mr. Chun Xiao Mei has been the President of China Suntien Green Energy Corporation Limited since March 31, 2017 and as its Executive Director since June 8, 2017. Mr. Mei also serves as General Manager of HECIC New-energy Co., Ltd. Mr. Mei served as Vice President of China Suntien Green Energy Corporation Limited since June 06, 2013 until March 31, 2017. Mr. Mei served as Deputy General Manager and Chief Engineer of HECIC New-energy Since October 2010. Prior to, he served as the Chief Engineer and Assistant to General Manager of HECIC New-energy and Deputy General Manager of Hebei Weichang Longyuan Jiantou Wind Energy Co., Ltd. He graduated from the Beijing Jiaotong University with a Master's Degree in Electrical Engineering.

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

Average tenure and age of the China Suntien Green Energy management team in years:

5.4
Average Tenure
49
Average Age
  • The average tenure for the China Suntien Green Energy management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Chun Mei

TITLE
President & Executive Director
COMPENSATION
CN¥957K
AGE
49
TENURE
2.1 yrs

Hong Wang

TITLE
Executive Director
COMPENSATION
CN¥970K
AGE
53

Wei Fan

TITLE
Chief Accountant
AGE
47
TENURE
5.1 yrs

Eva Lam

TITLE
Joint Company Secretary
AGE
52
TENURE
9 yrs

Ze Ban

TITLE
Joint Company Secretary & Secretary of the Board
AGE
40
TENURE
5.1 yrs

Xin Sun

TITLE
Vice President
COMPENSATION
CN¥340K
AGE
53
TENURE
8.8 yrs

Xiu Wang

TITLE
Manager of Business Planning Department & Employee Representative Supervisor
AGE
48
TENURE
5.8 yrs
Board of Directors Tenure

Average tenure and age of the China Suntien Green Energy board of directors in years:

6
Average Tenure
51
Average Age
  • The tenure for the China Suntien Green Energy board of directors is about average.
Board of Directors

Xin Cao

TITLE
Chairman
AGE
47
TENURE
6.1 yrs

Chun Mei

TITLE
President & Executive Director
COMPENSATION
CN¥957K
AGE
49
TENURE
1.8 yrs

Hong Wang

TITLE
Executive Director
COMPENSATION
CN¥970K
AGE
53
TENURE
5.8 yrs

Xiu Wang

TITLE
Manager of Business Planning Department & Employee Representative Supervisor
AGE
48
TENURE
1.1 yrs

Haiyan Qin

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥86K
AGE
48
TENURE
9.1 yrs

Xiang Wang

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥86K
AGE
53
TENURE
9.1 yrs

Lian Li

TITLE
Non-Executive Director
AGE
55
TENURE
2.8 yrs

Jun Ding

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥86K
AGE
55
TENURE
9.1 yrs

Matthew Yue

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥86K
AGE
56
TENURE
8.8 yrs

Gang Qin

TITLE
Non-Executive Director
AGE
43
TENURE
4.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
16. Oct 18 Buy GIC Pte. Ltd. Company 15. Oct 18 15. Oct 18 766,000 HK$1.93 HK$1,478,073
28. Jun 18 Sell National Social Security Fund Company 26. Jun 18 26. Jun 18 -1,070,000 HK$2.30 HK$-2,456,719
X
Management checks
We assess China Suntien Green Energy'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 Suntien Green Energy 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 Are Analysts Saying About China Suntien Green Energy Corporation Limited's (HKG:956) Growth?

China Suntien Green Energy Corporation Limited's (HKG:956) announced its latest earnings update in December 2018, whicha

Simply Wall St -

What Do Analysts Think About China Suntien Green Energy Corporation Limited's (HKG:956) Growth?

As China Suntien Green Energy Corporation Limited (HKG:956) released its earnings announcement on 31 December 2018, … the consensus outlook from analysts appear somewhat bearish,

Simply Wall St -

Is China Suntien Green Energy Corporation Limited's (HKG:956) Future Growth Already Accounted For In Today's Price?

Growth expectations for China Suntien Green Energy Corporation Limited (HKG:956) are high, but many investors are starting to ask whether its last close at HK$2.4 can still be rationalized by the future potential. … View our latest analysis for China Suntien Green Energy? … Analysts are predicting good growth prospects for China Suntien Green Energy over the next couple of years

Simply Wall St -

Does China Suntien Green Energy Corporation Limited's (HKG:956) P/E Ratio Signal A Buying Opportunity?

To keep it practical, we'll show how China Suntien Green Energy Corporation Limited's (HKG:956) P/E ratio could help you assess the value on offer. … Based on the last twelve months, China Suntien Green Energy's P/E ratio is 6.02. … Price to Earnings Ratio = Share Price (in reporting currency) ÷ Earnings per Share (EPS)

Simply Wall St -

Why You Should Care About China Suntien Green Energy Corporation Limited’s (HKG:956) Low Return On Capital

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Understanding Return On Capital Employed (ROCE). … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

China Suntien Green Energy Corporation Limited (HKG:956): Commentary On Fundamentals

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. … In the case of China Suntien Green Energy Corporation Limited (HKG:956), it.

Simply Wall St -

Should You Be Concerned About China Suntien Green Energy Corporation Limited's (HKG:956) Historical Volatility?

Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

Is China Suntien Green Energy Corporation Limited's (HKG:956) Growth Strong Enough To Justify Its December Share Price?

China Suntien Green Energy Corporation Limited (HKG:956) is considered a high growth stock. … What can we expect from China Suntien Green Energy in the future. … Analysts are predicting good growth prospects for China Suntien Green Energy over the next couple of years

Simply Wall St -

Do Institutions Own Shares In China Suntien Green Energy Corporation Limited (HKG:956)?

Every investor in China Suntien Green Energy Corporation Limited (HKG:956) should be aware of the most powerful shareholder groups. … China Suntien Green Energy has a market capitalization of US$7.9b, so we would expect some institutional investors to have noticed the stock. … See our latest analysis for China Suntien Green Energy

Simply Wall St -

Does China Suntien Green Energy Corporation Limited's (HKG:956) P/E Ratio Signal A Buying Opportunity?

We'll look at China Suntien Green Energy Corporation Limited's (HKG:956) P/E ratio and reflect on what it tells us about the company's share price. … Based on the last twelve months, China Suntien Green Energy's P/E ratio is 5.4. … See our latest analysis for China Suntien Green Energy?

Simply Wall St -

Company Info

Description

China Suntien Green Energy Corporation Limited, together with its subsidiaries, explores for and utilizes new and clean energies in the People’s Republic of China. The company operates through two segments, Natural Gas; and Wind Power and Solar Energy. The Natural Gas segment sells natural gas and gas appliances, as well as provides construction and connection services for natural gas pipelines. The Wind Power and Solar Energy segment engages in the development, management, and operation of wind power and solar energy plants; and generates and sells electric power for power grid companies. China Suntien Green Energy Corporation Limited also engages in the provision of maintenance and consulting services related to wind farms and other new energies, as well as project investment, investment management, technical development, and related consultancy services; investment and sale of solar energy appliances; and purchase and maintenance of leased properties, as well as in financial leasing activities. As of December 31, 2017, the company owned 6 long-distance natural gas transmission pipelines, 9 high-pressure branch pipelines, 29 urban gas projects, 16 distribution stations, 10 gate stations, 7 compressed natural gas CNG refilling stations, and 7 CNG primary filling stations. It also had wind power consolidated installed capacity of 3,348.35 megawatts MW, as well as interests in installed capacity of 3,023.90 MW. The company was founded in 2010 and is headquartered in Shijiazhuang, the People’s Republic of China. China Suntien Green Energy Corporation Limited Hebei operates as a subsidiary of HeBei Construction & Investment Group CO., Ltd.

Details
Name: China Suntien Green Energy Corporation Limited
956
Exchange: SEHK
Founded: 2010
HK$8,396,262,494
3,715,160,396
Website: http://www.suntien.com
Address: China Suntien Green Energy Corporation Limited
Yu Yuan Plaza,
9th Floor,
Shijiazhuang,
Hebei Province, China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 956 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong Ltd. HK HKD 13. Oct 2010
DB 9C6 Foreign Shares-Foreign Listed Deutsche Boerse AG DE EUR 13. Oct 2010
Number of employees
Current staff
Staff numbers
2,221
China Suntien Green Energy employees.
Industry
Oil and Gas Storage and Transportation
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/25 13:43
End of day share price update: 2019/04/25 00:00
Last estimates confirmation: 2019/04/10
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.