Loading...

Tibet Water Resources

SEHK:1115
Snowflake Description

Excellent balance sheet with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1115
SEHK
HK$5B
Market Cap
  1. Home
  2. HK
  3. Food, Beverage & Tobacco
Company description

Tibet Water Resources Ltd., an investment holding company, produces and sells bottled mineral water and beer products in the People’s Republic of China. The last earnings update was 83 days ago. More info.


Add to Portfolio Compare Print
  • Tibet Water Resources has significant price volatility in the past 3 months.
1115 Share Price and Events
7 Day Returns
-2.9%
SEHK:1115
5.7%
HK Beverage
1%
HK Market
1 Year Returns
-40.4%
SEHK:1115
-6%
HK Beverage
-11.3%
HK Market
1115 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Tibet Water Resources (1115) -2.9% -2.5% -12.3% -40.4% -28.4% -34.8%
HK Beverage 5.7% -3.1% -4.1% -6% -28.6% -18.1%
HK Market 1% -0.8% -4.3% -11.3% 9.8% 3.7%
1 Year Return vs Industry and Market
  • 1115 underperformed the Beverage industry which returned -6% over the past year.
  • 1115 underperformed the Market in Hong Kong which returned -11.3% over the past year.
Price Volatility
1115
Industry
5yr Volatility vs Market

1115 Value

 Is Tibet Water Resources 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 Tibet Water Resources 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 Tibet Water Resources.

SEHK:1115 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 12.5%
Perpetual Growth Rate 10-Year HK Government Bond Rate 2.2%

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:1115
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2.2%
Equity Risk Premium S&P Global 7.8%
Beverage Unlevered Beta Simply Wall St/ S&P Global 1.15
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.147 (1 + (1- 25%) (19.84%))
1.318
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.32
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.2% + (1.318 * 7.8%)
12.48%

Discounted Cash Flow Calculation for SEHK:1115 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Tibet Water Resources is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

SEHK:1115 DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (CNY, Millions) 288.32 300.21 312.60 325.50 338.93
Source Est @ 4.13% Est @ 4.13% Est @ 4.13% Est @ 4.13% Est @ 4.13%
Present Value
Discounted (@ 12.48%)
256.33 237.30 219.68 203.36 188.26
Present value of next 5 years cash flows CN¥1,104.93
SEHK:1115 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= CN¥338.93 × (1 + 2.2%) ÷ (12.48% – 2.2%)
CN¥3,371.14
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= CN¥3,371.14 ÷ (1 + 12.48%)5
CN¥1,872.55
SEHK:1115 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= CN¥1,104.93 + CN¥1,872.55
CN¥2,977.48
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥2,977.48 / 2,503.27
CN¥1.19
SEHK:1115 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:1115)
1.133
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥1.19 x 1.133
HK$1.35
Value per share (HKD) From above. HK$1.35
Current discount Discount to share price of HK$1.99
= -1 x (HK$1.99 - HK$1.35) / HK$1.35
-47.7%

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

  • The current share price of Tibet Water Resources is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Tibet Water Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Tibet Water Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:1115 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in CNY CN¥0.13
SEHK:1115 Share Price ** SEHK (2018-12-18) in HKD HK$1.99
SEHK:1115 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.883 CN¥1.76
Hong Kong Beverage Industry PE Ratio Median Figure of 8 Publicly-Listed Beverage Companies 30.2x
Hong Kong Market PE Ratio Median Figure of 1,462 Publicly-Listed Companies 10.55x

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

** Primary Listing of Tibet Water Resources.

SEHK:1115 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1115 Share Price ÷ EPS (both in CNY)

= 1.76 ÷ 0.13

13.65x

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

  • Tibet Water Resources is good value based on earnings compared to the HK Beverage industry average.
  • Tibet Water Resources is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Tibet Water Resources's expected growth come at a high price?
Raw Data
SEHK:1115 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.65x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-5.5%per year
Asia Beverage Industry PEG Ratio Median Figure of 8 Publicly-Listed Beverage Companies 1.84x
Hong Kong Market PEG Ratio Median Figure of 457 Publicly-Listed Companies 0.71x

*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 Tibet Water Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Tibet Water Resources's assets?
Raw Data
SEHK:1115 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in CNY CN¥1.33
SEHK:1115 Share Price * SEHK (2018-12-18) in HKD HK$1.99
SEHK:1115 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.883 CN¥1.76
Hong Kong Beverage Industry PB Ratio Median Figure of 9 Publicly-Listed Beverage Companies 1.14x
Hong Kong Market PB Ratio Median Figure of 2,093 Publicly-Listed Companies 0.94x
SEHK:1115 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1115 Share Price ÷ Book Value per Share (both in CNY)

= 1.76 ÷ 1.33

1.32x

* Primary Listing of Tibet Water Resources.

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

  • Tibet Water Resources is overvalued based on assets compared to the HK Beverage industry average.
X
Value checks
We assess Tibet Water Resources'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 Beverage 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 Beverage industry average (and greater than 0)? (1 check)
  5. Tibet Water Resources has a total score of 1/6, 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.

1115 Future Performance

 How is Tibet Water Resources expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Tibet Water Resources, 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
-5.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Tibet Water Resources expected to grow at an attractive rate?
  • Tibet Water Resources's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.2%.
Growth vs Market Checks
  • Tibet Water Resources's earnings are expected to decrease over the next 1-3 years, this is below the Hong Kong market average.
  • Unable to compare Tibet Water Resources's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:1115 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:1115 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -5.5%
Hong Kong Beverage Industry Earnings Growth Rate Market Cap Weighted Average 19.4%
Asia Beverage Industry Revenue Growth Rate Market Cap Weighted Average 7.7%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 12.3%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

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

Analysts growth expectations
Raw Data
SEHK:1115 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 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:1115 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-06-30 923 349 325
2018-03-31 927 416 320
2017-12-31 932 482 315
2017-09-30 910 391 313
2017-06-30 888 299 311
2017-03-31 878 257 310
2016-12-31 868 215 308
2016-09-30 855 335 300
2016-06-30 841 455 292
2016-03-31 837 447 285
2015-12-31 832 438 277
2015-09-30 853 462 299

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Tibet Water Resources's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Tibet Water Resources 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:1115 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Tibet Water Resources Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1115 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-06-30 0.13
2018-03-31 0.13
2017-12-31 0.12
2017-09-30 0.12
2017-06-30 0.12
2017-03-31 0.12
2016-12-31 0.12
2016-09-30 0.12
2016-06-30 0.11
2016-03-31 0.11
2015-12-31 0.11
2015-09-30 0.12

*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 Tibet Water Resources will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Tibet Water Resources'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 Asia 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.
Tibet Water Resources 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.

1115 Past Performance

  How has Tibet Water Resources 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 Tibet Water Resources's growth in the last year to its industry (Beverage).
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.
  • Tibet Water Resources's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Tibet Water Resources's 1-year earnings growth exceeds its 5-year average (4.4% vs -7.7%)
  • Tibet Water Resources's earnings growth has not exceeded the HK Beverage industry average in the past year (4.4% vs 4.4%).
Earnings and Revenue History
Tibet Water Resources'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 Tibet Water Resources Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1115 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 922.83 325.07 203.55
2018-03-31 927.36 320.12 204.41
2017-12-31 931.89 315.17 205.27
2017-09-30 909.84 313.34 201.51
2017-06-30 887.79 311.50 197.75
2017-03-31 877.94 309.61 189.94
2016-12-31 868.09 307.72 182.13
2016-09-30 854.74 300.05 175.20
2016-06-30 841.39 292.37 168.27
2016-03-31 836.87 284.67 175.72
2015-12-31 832.35 276.97 183.17
2015-09-30 852.98 298.68 198.58
2015-06-30 873.62 320.39 213.99
2015-03-31 823.08 331.94 204.86
2014-12-31 772.54 343.50 195.72
2014-09-30 819.89 381.29 200.56
2014-06-30 867.24 419.08 205.39
2014-03-31 827.05 430.18 205.78
2013-12-31 786.86 441.28 206.16
2013-09-30 734.00 430.61 196.42
2013-06-30 681.14 419.94 186.69
2013-03-31 681.59 415.33 178.86
2012-12-31 682.05 410.72 171.03
2012-09-30 676.44 406.60 171.57
2012-06-30 670.83 402.47 172.11
2012-03-31 652.00 387.77 167.77
2011-12-31 633.17 373.06 163.43

*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.
  • Tibet Water Resources has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Tibet Water Resources used its assets more efficiently than the HK Beverage industry average last year based on Return on Assets.
  • Tibet Water Resources's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Tibet Water Resources'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 Beverage 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.
Tibet Water Resources has a total score of 2/6, 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.

1115 Health

 How is Tibet Water Resources'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 Tibet Water Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Tibet Water Resources is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Tibet Water Resources's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Tibet Water Resources'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 2x 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 Tibet Water Resources Company Filings, last reported 5 months ago.

SEHK:1115 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 3,326.61 894.22 935.71
2018-03-31 3,326.61 894.22 935.71
2017-12-31 3,174.39 863.34 1,007.63
2017-09-30 3,174.39 863.34 1,007.63
2017-06-30 3,675.63 937.67 1,287.53
2017-03-31 3,675.63 937.67 1,287.53
2016-12-31 3,494.56 1,104.07 1,229.81
2016-09-30 3,494.56 1,104.07 1,229.81
2016-06-30 3,313.64 867.17 1,286.85
2016-03-31 3,313.64 867.17 1,286.85
2015-12-31 3,197.01 200.00 629.02
2015-09-30 3,197.01 200.00 629.02
2015-06-30 3,035.07 338.90 565.76
2015-03-31 3,035.07 338.90 565.76
2014-12-31 2,950.62 191.17 764.37
2014-09-30 2,950.62 191.17 764.37
2014-06-30 2,749.19 200.00 1,106.40
2014-03-31 2,749.19 200.00 1,106.40
2013-12-31 2,729.45 195.69 986.04
2013-09-30 2,729.45 195.69 986.04
2013-06-30 2,255.33 0.00 614.26
2013-03-31 2,255.33 0.00 614.26
2012-12-31 2,202.28 0.00 1,332.93
2012-09-30 2,202.28 0.00 1,332.93
2012-06-30 1,975.27 0.00 931.00
2012-03-31 1,975.27 0.00 931.00
2011-12-31 1,853.99 0.00 1,272.91
  • Tibet Water Resources's level of debt (26.9%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0.1% vs 26.9% today).
  • Debt is well covered by operating cash flow (39%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 26.4x coverage).
X
Financial health checks
We assess Tibet Water Resources'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. Tibet Water Resources 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.

1115 Dividends

 What is Tibet Water Resources'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%
Current annual income from Tibet Water Resources dividends.
If you bought HK$2,000 of Tibet Water Resources shares you are expected to receive HK$0 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?
  • Unable to evaluate Tibet Water Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Tibet Water Resources's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:1115 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
Asia Beverage Industry Average Dividend Yield Market Cap Weighted Average of 12 Stocks 1.3%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 917 Stocks 3.7%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.2%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.1%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

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

SEHK:1115 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2017-09-27 0.000 0.000
2017-08-18 0.000 0.000
2017-04-25 0.000 0.000
2017-03-24 0.000 0.000
2016-04-27 0.034 1.349
2016-03-24 0.034 1.753
2015-06-08 0.032 1.632
2015-04-27 0.032 1.335
2015-03-24 0.032 1.438
2014-04-24 0.063 2.855
2014-03-25 0.063 2.453
2013-03-22 0.049 2.101
2012-03-23 0.024 1.495

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

  • Unable to perform a dividend volatility check as Tibet Water Resources has not reported any payouts.
  • Unable to verify if Tibet Water Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Tibet Water Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Tibet Water Resources has not reported any payouts.
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 Tibet Water Resources's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Tibet Water Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Tibet Water Resources has a total score of 0/6, see the detailed checks below.


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

1115 Management

 What is the CEO of Tibet Water Resources'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
Dong Wang
COMPENSATION CN¥1,290,300
AGE 53
TENURE AS CEO 1.3 years
CEO Bio

Mr. Wang Dong has been the Chief Executive Officer of Xinjiang Tianshan Industrial Investment Fund Management Co., Ltd., since September 2016. Mr. Wang has been Chief Executive Officer of Tibet Water Resources Ltd. since August 18, 2017. He serves as Vice President at Shenzhen Hifuture Electric Co., Ltd. He has been Executive Director at Tibet Water Resources Ltd. since May 29, 2017. From 1987 to 2012, he has worked in the human resources department, information investigation department, supervision office, industrial credit department, asset preservation department, legal affairs department, risk management department and other departments of the provincial branch office, as well as the case management department of the headquarters and the regional branch office of Industrial and Commercial Bank of China Limited. During the aforesaid period, he served as the department head of the case management department of the headquarters, general manager of the legal affairs department of the provincial branch office, general manager of the risk management department of the provincial branch office, general manager of the regional branch office, as well as the president of the regional urban finance society and regional banking industry association. In August 2012, Mr. Wang served as the head of the legal compliance department at the headquarters of Guangdong Nanyue Bank and a member of the law committee of the Banking Association of Guangdong. He served as Arbitrator in China Trade Arbitration Commission Standing Committee of the Guangdong Association of Banking Law Commission. He serves as a Director at Shenzhen Hifuture Electric Co., Ltd. He has been the Director of Xinjiang Tianshan Industrial Investment Fund Management Co., Ltd., since September 2016. Mr. Wang is qualified as a lawyer of the People’s Republic of China (“PRC”) since 1989, a senior economist of the Industrial and Commercial Bank of China since 2001 and a practitioner of the Asset Management Association of China since 2016. He graduated with a bachelor of laws degree at Xinjiang University. He obtained a master degree in engineering at Wuhan University.

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

Average tenure and age of the Tibet Water Resources management team in years:

7.8
Average Tenure
50
Average Age
  • The average tenure for the Tibet Water Resources management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Dong Wang

TITLE
CEO & Executive Director
COMPENSATION
CN¥1M
AGE
53
TENURE
1.3 yrs

Chen Liu

TITLE
Executive Director
COMPENSATION
CN¥1M
AGE
34

Zhiqiang Yue

TITLE
Executive Director
COMPENSATION
CN¥1M
AGE
53

Sunny Wong

TITLE
Executive Director
COMPENSATION
CN¥1M
AGE
62

Linyou Han

TITLE
Executive Director
COMPENSATION
CN¥665K
AGE
37

Lianghong Li

TITLE
General Manager of Sales
AGE
48
TENURE
7.9 yrs

Wai Chow

TITLE
Deputy Chief Financial Officer & Company Secretary
AGE
50
TENURE
7.8 yrs
Board of Directors Tenure

Average tenure and age of the Tibet Water Resources board of directors in years:

7.8
Average Tenure
53
Average Age
  • The tenure for the Tibet Water Resources board of directors is about average.
Board of Directors

Jesper Madsen

TITLE
Chairman
COMPENSATION
CN¥2M
AGE
64
TENURE
3.4 yrs

Dong Wang

TITLE
CEO & Executive Director
COMPENSATION
CN¥1M
AGE
53
TENURE
1.6 yrs

Chen Liu

TITLE
Executive Director
COMPENSATION
CN¥1M
AGE
34
TENURE
7.8 yrs

Zhiqiang Yue

TITLE
Executive Director
COMPENSATION
CN¥1M
AGE
53
TENURE
7.8 yrs

Sunny Wong

TITLE
Executive Director
COMPENSATION
CN¥1M
AGE
62
TENURE
4 yrs

Linyou Han

TITLE
Executive Director
COMPENSATION
CN¥665K
AGE
37
TENURE
1.6 yrs

Kevin Wei

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥416K
AGE
50
TENURE
7.8 yrs

Conway Lee

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥416K
AGE
64
TENURE
7.8 yrs

Xiaohong Jiang

TITLE
Non-Executive Director
COMPENSATION
CN¥433K
AGE
60
TENURE
7.8 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$) Value (HK$)
02. Mar 18 Sell Tibet Water Resources Limited Company 27. Feb 18 27. Feb 18 -30,000,000 HK$3.50 HK$-104,999,955
10. Jan 18 Buy Days Lunda (Shenzhen) Investment Co., Ltd Company 03. Jan 18 03. Jan 18 8,000,000 HK$3.56 HK$28,488,021
12. Jan 18 Sell Days Lunda (Shenzhen) Investment Co., Ltd Company 04. Jan 18 04. Jan 18 -4,372,000 HK$3.50 HK$-15,301,990
X
Management checks
We assess Tibet Water Resources'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. Tibet Water Resources 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.

1115 News

External News
Loading...
Simply Wall St News

Tibet Water Resources Ltd. (HKG:1115) Might Not Be A Great Investment

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Return On Capital Employed (ROCE): What is it? … 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 -

A Closer Look At Tibet Water Resources Ltd's (HKG:1115) Impressive ROE

By way of learning-by-doing, we'll look at ROE to gain a better understanding Tibet Water Resources Ltd (HKG:1115). … Our data shows Tibet Water Resources has a return on equity of 11% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

What Should Investors Know About Tibet Water Resources Ltd's (HKG:1115) Return On Capital?

and want to better understand how you can grow your money by investing in Tibet Water Resources Ltd (HKG:1115). … Therefore, looking at how efficiently Tibet Water Resources is able to use capital to create earnings will help us understand your potential return. … Tibet Water Resources's Return On Capital Employed

Simply Wall St -

Who Owns Tibet Water Resources Ltd (HKG:1115)?

I am going to take a deep dive into Tibet Water Resources Ltd’s (HKG:1115) most recent ownership structure, not a frequent subject of discussion among individual investors. … The impact of a company's ownership structure affects both its short- and long-term performance. … Check out our latest analysis for Tibet Water Resources

Simply Wall St -

1115 Company Info

Map
Description

Tibet Water Resources Ltd., an investment holding company, produces and sells bottled mineral water and beer products in the People’s Republic of China. It offers water products under the 5100 Glacial Water and Gesang Spring brand names; and beer products under the Green Barley Beer and Lhasa Beer names. The company sells its products through strategic partners; and retail channels, such as supermarkets, convenience stores, cinemas, hotels, airports, restaurants, and health and entertainment venues, as well as through e-commerce platforms. It also offers bottle preforms and caps, and lending services. As of December 31, 2017, it operated approximately 15,000 sales outlets. The company was formerly known as Tibet 5100 Water Resources Holdings Ltd. and changed its name to Tibet Water Resources Ltd. in December 2015. Tibet Water Resources Ltd. was founded in 2006 and is headquartered in Wong Chuk Hang, Hong Kong.

Details
Name: Tibet Water Resources Ltd.
1115
Exchange: SEHK
Founded: 2006
HK$5,106,664,680
2,503,267,000
Website: http://www.twr1115.net
Address: Tibet Water Resources Ltd.
One Island South,
16th Floor,
Wong Chuk Hang,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1115 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 30. Jun 2011
SZSC 1115 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 30. Jun 2011
Number of employees
Current staff
Staff numbers
439
Tibet Water Resources employees.
Industry
Soft Drinks
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/12/18 12:52
End of day share price update: 2018/12/18 00:00
Last earnings filing: 2018/09/26
Last earnings reported: 2018/06/30
Last annual earnings reported: 2017/12/31


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.