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Labixiaoxin Snacks Group

SEHK:1262
Snowflake Description

Mediocre balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1262
SEHK
HK$538M
Market Cap
  1. Home
  2. HK
  3. Food, Beverage & Tobacco
Company description

Labixiaoxin Snacks Group Limited, an investment holding company, manufactures and sells jelly, confectionary, fruit and vegetable beverage, and other snack products in the People’s Republic of China. The last earnings update was 78 days ago. More info.


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1262 Share Price and Events
7 Day Returns
-5.7%
SEHK:1262
1.4%
HK Food
0.6%
HK Market
1 Year Returns
-30.5%
SEHK:1262
1.2%
HK Food
-5.9%
HK Market
1262 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Labixiaoxin Snacks Group (1262) -5.7% 7.9% -4.7% -30.5% -30.5% -75.4%
HK Food 1.4% 3.4% 2.6% 1.2% 48.3% -16.4%
HK Market 0.6% 3.7% -8.2% -5.9% 17.2% 4.8%
1 Year Return vs Industry and Market
  • 1262 underperformed the Food industry which returned 1.2% over the past year.
  • 1262 underperformed the Market in Hong Kong which returned -5.9% over the past year.
Price Volatility
1262
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Labixiaoxin Snacks Group's competitors could be found in our database.

Value

 Is Labixiaoxin Snacks Group 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 Labixiaoxin Snacks Group 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 Labixiaoxin Snacks Group.

SEHK:1262 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 8.9%
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:1262
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6%
Food Unlevered Beta Simply Wall St/ S&P Global 0.56
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.564 (1 + (1- 25%) (156.02%))
1.151
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.15
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.151 * 5.96%)
8.86%

Discounted Cash Flow Calculation for SEHK:1262 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Labixiaoxin Snacks Group 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:1262 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 8.86%)
2020 2.40 Est @ 54.22% 2.20
2021 3.32 Est @ 38.55% 2.81
2022 4.24 Est @ 27.59% 3.29
2023 5.09 Est @ 19.91% 3.62
2024 5.83 Est @ 14.54% 3.81
2025 6.45 Est @ 10.78% 3.88
2026 6.98 Est @ 8.15% 3.85
2027 7.42 Est @ 6.3% 3.76
2028 7.79 Est @ 5.01% 3.63
2029 8.11 Est @ 4.11% 3.47
Present value of next 10 years cash flows CN¥34.32
SEHK:1262 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥8.11 × (1 + 2%) ÷ (8.86% – 2%)
CN¥120.65
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥120.65 ÷ (1 + 8.86%)10
CN¥51.62
SEHK:1262 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥34.32 + CN¥51.62
CN¥85.94
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥85.94 / 1,328.98
CN¥0.06
SEHK:1262 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:1262)
1.138
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥0.06 x 1.138
HK$0.07
Value per share (HKD) From above. HK$0.07
Current discount Discount to share price of HK$0.41
= -1 x (HK$0.41 - HK$0.07) / HK$0.07
-457.1%

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

  • The current share price of Labixiaoxin Snacks Group 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 Labixiaoxin Snacks Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Labixiaoxin Snacks Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:1262 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥-0.14
SEHK:1262 Share Price ** SEHK (2019-07-16) in HKD HK$0.41
SEHK:1262 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.879 CN¥0.36
Hong Kong Food Industry PE Ratio Median Figure of 42 Publicly-Listed Food Companies 15.27x
Hong Kong Market PE Ratio Median Figure of 1,503 Publicly-Listed Companies 10.71x

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

** Primary Listing of Labixiaoxin Snacks Group.

SEHK:1262 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1262 Share Price ÷ EPS (both in CNY)

= 0.36 ÷ -0.14

-2.67x

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

  • Labixiaoxin Snacks Group is loss making, we can't compare its value to the HK Food industry average.
  • Labixiaoxin Snacks Group is loss making, we can't compare the value of its earnings to the Hong Kong market.
Price based on expected Growth
Does Labixiaoxin Snacks Group's expected growth come at a high price?
Raw Data
SEHK:1262 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2.67x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Hong Kong Food Industry PEG Ratio Median Figure of 20 Publicly-Listed Food Companies 1.63x
Hong Kong Market PEG Ratio Median Figure of 477 Publicly-Listed Companies 0.8x

*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 Labixiaoxin Snacks Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Labixiaoxin Snacks Group's assets?
Raw Data
SEHK:1262 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥0.50
SEHK:1262 Share Price * SEHK (2019-07-16) in HKD HK$0.41
SEHK:1262 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.879 CN¥0.36
Hong Kong Food Industry PB Ratio Median Figure of 57 Publicly-Listed Food Companies 0.83x
Hong Kong Market PB Ratio Median Figure of 2,190 Publicly-Listed Companies 0.92x
SEHK:1262 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1262 Share Price ÷ Book Value per Share (both in CNY)

= 0.36 ÷ 0.50

0.72x

* Primary Listing of Labixiaoxin Snacks Group.

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

  • Labixiaoxin Snacks Group is good value based on assets compared to the HK Food industry average.
X
Value checks
We assess Labixiaoxin Snacks Group'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 Food 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 Food industry average (and greater than 0)? (1 check)
  5. Labixiaoxin Snacks Group 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.

Future Performance

 How is Labixiaoxin Snacks Group expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Labixiaoxin Snacks Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
15.7%
Expected Food industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Labixiaoxin Snacks Group expected to grow at an attractive rate?
  • Unable to compare Labixiaoxin Snacks Group's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Labixiaoxin Snacks Group's earnings growth to the Hong Kong market average as no estimate data is available.
  • Unable to compare Labixiaoxin Snacks Group's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:1262 Future Growth Rates Data Sources
Data Point Source Value (per year)
Hong Kong Food Industry Earnings Growth Rate Market Cap Weighted Average 15.7%
Hong Kong Food Industry Revenue Growth Rate Market Cap Weighted Average 9.7%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.3%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.5%

*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:1262 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 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:1262 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 503 89 -180
2018-09-30 628 36 -234
2018-06-30 754 -18 -287
2018-03-31 828 -43 -288
2017-12-31 903 -69 -289
2017-09-30 908 -1 -384
2017-06-30 913 67 -478
2017-03-31 903 -6 -540
2016-12-31 893 -78 -602
2016-09-30 892 -101 -566
2016-06-30 891 -124 -530
2016-03-31 969 -31 -434

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Labixiaoxin Snacks Group is high growth as no earnings estimate data is available.
  • Unable to determine if Labixiaoxin Snacks Group 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:1262 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Labixiaoxin Snacks Group Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1262 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 -0.14
2018-09-30 -0.18
2018-06-30 -0.22
2018-03-31 -0.22
2017-12-31 -0.22
2017-09-30 -0.29
2017-06-30 -0.36
2017-03-31 -0.41
2016-12-31 -0.45
2016-09-30 -0.44
2016-06-30 -0.43
2016-03-31 -0.37

*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 Labixiaoxin Snacks Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of 1262’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Labixiaoxin Snacks Group's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Food, Beverage & Tobacco companies here
  3. Labixiaoxin Snacks Group's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Labixiaoxin Snacks Group'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.
Labixiaoxin Snacks Group 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.

Past Performance

  How has Labixiaoxin Snacks Group 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 Labixiaoxin Snacks Group's growth in the last year to its industry (Food).
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.
  • Labixiaoxin Snacks Group does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Labixiaoxin Snacks Group's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Labixiaoxin Snacks Group's 1-year growth to the HK Food industry average as it is not currently profitable.
Earnings and Revenue History
Labixiaoxin Snacks Group'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 Labixiaoxin Snacks Group Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1262 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 502.80 -179.59 185.18
2018-09-30 628.15 -233.53 226.59
2018-06-30 753.50 -287.47 268.01
2018-03-31 828.15 -288.44 300.43
2017-12-31 902.80 -289.41 332.86
2017-09-30 907.90 -383.76 369.10
2017-06-30 913.00 -478.11 405.34
2017-03-31 902.92 -539.89 411.71
2016-12-31 892.85 -601.67 418.08
2016-09-30 892.16 -565.98 382.73
2016-06-30 891.46 -530.30 347.38
2016-03-31 969.42 -434.26 332.20
2015-12-31 1,047.37 -338.22 317.02
2015-09-30 1,066.31 -161.77 322.23
2015-06-30 1,085.24 14.68 327.44
2015-03-31 1,107.08 12.90 345.46
2014-12-31 1,128.93 11.11 363.47
2014-09-30 1,300.93 80.56 355.56
2014-06-30 1,472.94 150.00 347.65
2014-03-31 1,653.37 238.19 334.28
2013-12-31 1,833.80 326.38 320.91
2013-09-30 1,762.01 315.10 301.71
2013-06-30 1,690.23 303.82 282.51
2013-03-31 1,618.35 290.84 278.04
2012-12-31 1,546.48 277.86 273.58
2012-09-30 1,484.00 265.71 263.21

*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.
  • It is difficult to establish if Labixiaoxin Snacks Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Labixiaoxin Snacks Group has efficiently used its assets last year compared to the HK Food industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Labixiaoxin Snacks Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Labixiaoxin Snacks Group'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 Food 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.
Labixiaoxin Snacks Group has a total score of 0/6, 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 Labixiaoxin Snacks Group'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 Labixiaoxin Snacks Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Labixiaoxin Snacks Group's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Labixiaoxin Snacks Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Labixiaoxin Snacks Group'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 0.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Labixiaoxin Snacks Group Company Filings, last reported 6 months ago.

SEHK:1262 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 667.36 737.89 25.51
2018-09-30 667.36 737.89 25.51
2018-06-30 797.57 783.61 24.52
2018-03-31 797.57 783.61 24.52
2017-12-31 850.27 805.90 72.83
2017-09-30 850.27 805.90 72.83
2017-06-30 1,086.15 791.32 187.19
2017-03-31 1,086.15 791.32 187.19
2016-12-31 1,139.67 751.07 227.30
2016-09-30 1,139.67 751.07 227.30
2016-06-30 1,556.74 446.68 44.60
2016-03-31 1,556.74 446.68 44.60
2015-12-31 1,616.28 276.02 144.37
2015-09-30 1,616.28 276.02 144.37
2015-06-30 1,961.44 153.29 81.54
2015-03-31 1,961.44 153.29 81.54
2014-12-31 1,946.59 115.28 411.77
2014-09-30 1,946.59 115.28 411.77
2014-06-30 1,942.21 455.02 528.55
2014-03-31 1,942.21 455.02 528.55
2013-12-31 1,930.91 449.99 792.20
2013-09-30 1,930.91 449.99 792.20
2013-06-30 1,775.44 489.08 832.14
2013-03-31 1,775.44 489.08 832.14
2012-12-31 1,658.94 75.08 406.11
2012-09-30 1,658.94 75.08 406.11
  • Labixiaoxin Snacks Group's level of debt (110.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (23.3% vs 110.6% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Labixiaoxin Snacks Group has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Labixiaoxin Snacks Group has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -67.9% per year.
X
Financial health checks
We assess Labixiaoxin Snacks Group'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. Labixiaoxin Snacks Group has a total score of 3/6, 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 Labixiaoxin Snacks Group'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 Labixiaoxin Snacks Group dividends.
If you bought HK$2,000 of Labixiaoxin Snacks Group 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 Labixiaoxin Snacks Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Labixiaoxin Snacks Group'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:1262 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 Food Industry Average Dividend Yield Market Cap Weighted Average of 31 Stocks 2.2%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 978 Stocks 3.6%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.2%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.1%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

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

SEHK:1262 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2014-09-11 0.000 0.000
2014-08-18 0.000 0.000
2014-07-17 0.000 0.000
2014-06-25 0.000 0.000
2013-05-23 0.062 1.833
2013-04-19 0.064 2.035
2013-04-02 0.064 2.025
2012-09-10 0.000 0.000
2012-08-17 0.000 0.000
2012-03-29 0.100 4.799
2011-12-09 0.096 5.147

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

  • Unable to perform a dividend volatility check as Labixiaoxin Snacks Group has not reported any payouts.
  • Unable to verify if Labixiaoxin Snacks Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Labixiaoxin Snacks Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Labixiaoxin Snacks Group 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 Labixiaoxin Snacks Group'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 Labixiaoxin Snacks Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Labixiaoxin Snacks Group 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.

Management

 What is the CEO of Labixiaoxin Snacks Group'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
Yu Shuang Zheng
COMPENSATION CN¥800,000
AGE 51
CEO Bio

Mr. Yu Shuang Zheng serves as Chief Executive Officer of Labixiaoxin Snacks Group Limited (alternate name, China Lifestyle Food And Beverages Group Limited). Mr. Zheng served as Production Director of Labixiaoxin Snacks Group Limited and has been its Executive Director since June 1, 2004. Mr. Zheng is responsible for the management of Group's production operations. He oversees the Group's production department and heads Group's quality control committee. Mr. Zheng is also in charge of the procurement of raw materials for Group. Mr. Zheng has over 17 years of experience in the manufacture of food products. Mr. Zheng was a Supervisor with Jinjiang Hui Dang Food & Cans Co., Ltd. from 1993 to 1995, where he was in charge of the day-to day operations of the production room. From 1996 to 1999, Mr. Zheng was with Weili (Jinjiang) as a General Manager and was in charge of its production department. Mr. Zheng is also Vice-Head of the Quanzhou Quality and Technology Supervision Association.

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

Yu Huan Zheng

TITLE
Chairman
COMPENSATION
CN¥815K
AGE
48

Yu Shuang Zheng

TITLE
CEO & Executive Director
COMPENSATION
CN¥800K
AGE
51

Yu Long Zheng

TITLE
Executive Director
COMPENSATION
CN¥815K
AGE
54
TENURE
7.8 yrs

Yee Lok Chan

TITLE
CFO & Company Secretary
AGE
44
TENURE
4.7 yrs

Xi Lian

TITLE
Head of Sales & Marketing Department
AGE
56

Jian Ming Chen

TITLE
Head of Procurement Department
AGE
54

Xiao Dong Zhang

TITLE
Head of Research & Development
AGE
48

Tong Qian

TITLE
Executive Officer

Richard Evans

TITLE
Assistant Secretary
Board of Directors Tenure

Average tenure and age of the Labixiaoxin Snacks Group board of directors in years:

7.8
Average Tenure
49.5
Average Age
  • The tenure for the Labixiaoxin Snacks Group board of directors is about average.
Board of Directors

Yu Huan Zheng

TITLE
Chairman
COMPENSATION
CN¥815K
AGE
48
TENURE
4.3 yrs

Yu Shuang Zheng

TITLE
CEO & Executive Director
COMPENSATION
CN¥800K
AGE
51
TENURE
15.1 yrs

Hung Kong Li

TITLE
Vice-Chairman
COMPENSATION
CN¥200K
AGE
51

Yu Long Zheng

TITLE
Executive Director
COMPENSATION
CN¥815K
AGE
54
TENURE
15.1 yrs

Zhi Hai Li

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥200K
AGE
65
TENURE
7.8 yrs

Kam Ching Sun

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥200K
AGE
47
TENURE
7.8 yrs

Yau Tong Chung

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥200K
AGE
46
TENURE
7.8 yrs

Jeffrey Ren

TITLE
Non-Executive Director
COMPENSATION
CN¥200K
AGE
44
TENURE
4.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
X
Management checks
We assess Labixiaoxin Snacks Group'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. Labixiaoxin Snacks Group 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

Do Institutions Own Shares In Labixiaoxin Snacks Group Limited (HKG:1262)?

The big shareholder groups in Labixiaoxin Snacks Group Limited (HKG:1262) have power over the company. … With a market capitalization of HK$757.5m, Labixiaoxin Snacks Group is a small cap stock, so it might not be well known by many institutional investors. … See our latest analysis for Labixiaoxin Snacks Group

Simply Wall St -

Are Labixiaoxin Snacks Group Limited's (HKG:1262) Interest Costs Too High?

Investors are always looking for growth in small-cap stocks like Labixiaoxin Snacks Group Limited (HKG:1262), with a market cap of HK$757.52m. … However, an important fact which most ignore is: how financially healthy is the business?

Simply Wall St -

Labixiaoxin Snacks Group Limited (HKG:1262): Time For A Financial Health Check

How does 1262’s operating cash flow stack up against its debt? … Running high debt, while not yet making money, can be risky in unexpected downturns as liquidity may dry up, making it hard to operate.Next Steps: 1262’s high debt level indicates room for improvement. … Furthermore, its cash flow coverage of less than a quarter of debt means that operating efficiency could also be an issue.

Simply Wall St -

Should You Be Holding Labixiaoxin Snacks Group Limited (HKG:1262) Right Now?

Based on this beta value, 1262 appears to be a stock that an investor with a high-beta portfolio would look for to reduce risk exposure to the market. … 1262, with its market capitalisation of HK$757.52M, is a small-cap stock, which generally have higher beta than similar companies of larger size. … As a result, this aspect of 1262 indicates a higher beta than a similar size company with a lower portion of fixed assets on their balance sheet.

Simply Wall St -

Who Really Owns Labixiaoxin Snacks Group Limited (HKG:1262)?

In this article, I'm going to take a look at Labixiaoxin Snacks Group Limited’s (SEHK:1262) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … This size of ownership gives retail investors collective power in deciding on major policy decisions such as executive compensation, appointment of directors and acquisitions of businesses. … As a result, potential investors should further explore the company's business relations with these companies and find out if they can affect shareholder returns in the long-term.Next Steps: Institutional ownership level and composition in 1262 is not high nor active enough to significantly impact its investment thesis.

Simply Wall St -

Want To Invest In Labixiaoxin Snacks Group Limited (HKG:1262)? Here's How It Performed Lately

SEHK:1262 Income Statement Feb 27th 18 We can further examine Labixiaoxin Snacks Group's loss by looking at what the industry has been experiencing over the past few years. … Each year, for the past five years Labixiaoxin Snacks Group has seen an annual decline in revenue of -11.22%, on average. … This suggests that despite the fact that Labixiaoxin Snacks Group is currently loss-making, any recent headwind the industry is facing, Labixiaoxin Snacks Group is relatively better-cushioned than its peers.What does this mean?

Simply Wall St -

Are Labixiaoxin Snacks Group Limited's (HKG:1262) Interest Costs Too High?

With this increase in debt, 1262 currently has CN¥227.3M remaining in cash and short-term investments for investing into the business. … Moving onto cash from operations, its small level of operating cash flow means calculating cash-to-debt wouldn't be too useful, though these low levels of cash means that operational efficiency is worth a look. … Its cash flow coverage of less than a quarter of debt means that operating efficiency could be an issue.

Simply Wall St -

Company Info

Description

Labixiaoxin Snacks Group Limited, an investment holding company, manufactures and sells jelly, confectionary, fruit and vegetable beverage, and other snack products in the People’s Republic of China. The company was formerly known as China Lifestyle Food and Beverages Group Limited and changed its name to Labixiaoxin Snacks Group Limited in June 2012. The company was founded in 2000 and is headquartered in Jinjiang, the People’s Republic of China. Labixiaoxin Snacks Group Limited is a subsidiary of Alliance Food and Beverages (Holding) Company Limited.

Details
Name: Labixiaoxin Snacks Group Limited
1262
Exchange: SEHK
Founded: 2000
HK$538,235,685
1,328,977,000
Website: http://www.lbxxgroup.com
Address: Labixiaoxin Snacks Group Limited
Wuli Industrial Area,
Jinjiang,
Fujian Province, China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1262 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 26. Aug 2005
Number of employees
Current staff
Staff numbers
1,490
Labixiaoxin Snacks Group employees.
Industry
Packaged Foods and Meats
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/16 12:58
End of day share price update: 2019/07/16 00:00
Last earnings filing: 2019/04/29
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.