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Want Want China Holdings

SEHK:151
Snowflake Description

Adequate balance sheet second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
151
SEHK
HK$71B
Market Cap
  1. Home
  2. HK
  3. Food, Beverage & Tobacco
Company description

Want Want China Holdings Limited, an investment holding company, manufactures, distributes, and sells food and beverages. The last earnings update was 200 days ago. More info.


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151 Share Price and Events
7 Day Returns
-2.7%
SEHK:151
2.6%
HK Food
0.5%
HK Market
1 Year Returns
-24.5%
SEHK:151
-4.3%
HK Food
-15.9%
HK Market
151 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Want Want China Holdings (151) -2.7% -5.3% -10.2% -24.5% 9.5% -43.7%
HK Food 2.6% 0.7% 2.4% -4.3% 40.6% -13.2%
HK Market 0.5% -2.7% -9.9% -15.9% 20.6% 3%
1 Year Return vs Industry and Market
  • 151 underperformed the Food industry which returned -4.3% over the past year.
  • 151 underperformed the Market in Hong Kong which returned -15.9% over the past year.
Price Volatility
151
Industry
5yr Volatility vs Market

151 Value

 Is Want Want China Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Want Want China Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Want Want China Holdings.

SEHK:151 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 18 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.3%
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:151
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6.7%
Food Unlevered Beta Simply Wall St/ S&P Global 0.55
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.545 (1 + (1- 25%) (14.94%))
0.736
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (0.8 * 6.65%)
7.32%

Discounted Cash Flow Calculation for SEHK:151 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Want Want China Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

SEHK:151 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 7.32%)
2019 3,672.16 Analyst x9 3,421.59
2020 3,928.71 Analyst x8 3,410.86
2021 4,216.23 Analyst x7 3,410.72
2022 4,450.07 Est @ 5.55% 3,354.25
2023 4,649.58 Est @ 4.48% 3,265.50
2024 4,823.43 Est @ 3.74% 3,156.45
2025 4,978.67 Est @ 3.22% 3,035.73
2026 5,120.74 Est @ 2.85% 2,909.31
2027 5,253.81 Est @ 2.6% 2,781.24
2028 5,380.94 Est @ 2.42% 2,654.18
Present value of next 10 years cash flows CN¥31,399.84
SEHK:151 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CN¥5,380.94 × (1 + 2%) ÷ (7.32% – 2%)
CN¥103,171.43
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥103,171.43 ÷ (1 + 7.32%)10
CN¥50,889.88
SEHK:151 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥31,399.84 + CN¥50,889.88
CN¥82,289.72
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥82,289.72 / 12,422.64
CN¥6.62
SEHK:151 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:151)
1.13
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥6.62 x 1.13
HK$7.49
Value per share (HKD) From above. HK$7.49
Current discount Discount to share price of HK$5.75
= -1 x (HK$5.75 - HK$7.49) / HK$7.49
23.2%

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

Current Discount
Amount off the current price Want Want China Holdings is available for.
Intrinsic value
23%
Share price is HK$5.75 vs Future cash flow value of HK$7.49
Current Discount Checks
For Want Want China Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Want Want China Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Want Want China Holdings's share price is below the future cash flow value, but not 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 Want Want China Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Want Want China Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:151 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in CNY CN¥0.26
SEHK:151 Share Price ** SEHK (2019-06-14) in HKD HK$5.75
SEHK:151 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.885 CN¥5.09
Hong Kong Food Industry PE Ratio Median Figure of 40 Publicly-Listed Food Companies 14.9x
Hong Kong Market PE Ratio Median Figure of 1,487 Publicly-Listed Companies 10.68x

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

** Primary Listing of Want Want China Holdings.

SEHK:151 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:151 Share Price ÷ EPS (both in CNY)

= 5.09 ÷ 0.26

19.94x

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

  • Want Want China Holdings is overvalued based on earnings compared to the HK Food industry average.
  • Want Want China Holdings is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Want Want China Holdings's expected growth come at a high price?
Raw Data
SEHK:151 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 19.94x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 18 Analysts
7.5%per year
Hong Kong Food Industry PEG Ratio Median Figure of 19 Publicly-Listed Food Companies 1.8x
Hong Kong Market PEG Ratio Median Figure of 466 Publicly-Listed Companies 0.76x

*Line of best fit is calculated by linear regression .

SEHK:151 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 19.94x ÷ 7.5%

2.66x

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

  • Want Want China Holdings is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Want Want China Holdings's assets?
Raw Data
SEHK:151 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in CNY CN¥1.08
SEHK:151 Share Price * SEHK (2019-06-14) in HKD HK$5.75
SEHK:151 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.885 CN¥5.09
Hong Kong Food Industry PB Ratio Median Figure of 56 Publicly-Listed Food Companies 0.79x
Hong Kong Market PB Ratio Median Figure of 2,169 Publicly-Listed Companies 0.93x
SEHK:151 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:151 Share Price ÷ Book Value per Share (both in CNY)

= 5.09 ÷ 1.08

4.7x

* Primary Listing of Want Want China Holdings.

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

  • Want Want China Holdings is overvalued based on assets compared to the HK Food industry average.
X
Value checks
We assess Want Want China Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the 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. Want Want China Holdings 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.

151 Future Performance

 How is Want Want China Holdings expected to perform in the next 1 to 3 years based on estimates from 18 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
7.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Want Want China Holdings expected to grow at an attractive rate?
  • Want Want China Holdings's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • Want Want China Holdings's earnings growth is positive but not above the Hong Kong market average.
  • Want Want China Holdings's revenue growth is positive but not above the Hong Kong market average.
Annual Growth Rates Comparison
Raw Data
SEHK:151 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:151 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 18 Analysts 7.5%
SEHK:151 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 18 Analysts 4.7%
Hong Kong Food Industry Earnings Growth Rate Market Cap Weighted Average 15.9%
Hong Kong Food Industry Revenue Growth Rate Market Cap Weighted Average 9.9%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.2%
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:151 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (8 months ago) See Below
Future Estimates Average of up to 18 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:151 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 23,341 4,525 3,918 16
2020-03-31 22,424 4,383 3,714 18
2019-03-31 21,325 4,198 3,401 18
SEHK:151 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-09-30 20,172 3,789 3,180
2018-06-30 20,028 4,021 3,135
2018-03-31 19,884 4,253 3,090
2017-09-30 19,554 4,049 3,197
2017-06-30 19,348 4,229 3,264
2017-03-31 19,529 4,669 3,391
2016-12-31 19,710 5,108 3,519
2016-09-30 18,867 4,538 3,160
2016-06-30 19,961 4,823 3,389
2016-03-31 20,675 4,885 3,386
2015-12-31 21,389 4,947 3,383

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Want Want China Holdings's earnings are expected to grow by 7.5% yearly, however this is not considered high growth (20% yearly).
  • Want Want China Holdings's revenue is expected to grow by 4.7% 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:151 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (8 months ago) See Below
Future Estimates Average of up to 18 Analyst Estimates (S&P Global) See Below

All data from Want Want China Holdings Company Filings, last reported 8 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:151 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 0.32 0.35 0.28 14.00
2020-03-31 0.30 0.33 0.27 16.00
2019-03-31 0.27 0.30 0.26 17.00
SEHK:151 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-09-30 0.26
2018-06-30 0.25
2018-03-31 0.25
2017-09-30 0.25
2017-06-30 0.26
2017-03-31 0.27
2016-12-31 0.28
2016-09-30 0.25
2016-06-30 0.26
2016-03-31 0.26
2015-12-31 0.26

*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.
  • Want Want China Holdings is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Want Want China Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Want Want China Holdings has a total score of 2/6, 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.

151 Past Performance

  How has Want Want China Holdings performed over the past 5 years?

  • Want Want China Holdings's last earnings update was 200 days ago.
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 Want Want China Holdings'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.
  • Want Want China Holdings's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Want Want China Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Want Want China Holdings's 1-year earnings growth is negative, it can't be compared to the HK Food industry average.
Earnings and Revenue History
Want Want China Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Want Want China Holdings Company Filings, last reported 8 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:151 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 20,171.91 3,180.40 5,330.10
2018-06-30 20,027.74 3,135.24 5,255.47
2018-03-31 19,883.57 3,090.08 5,180.85
2017-09-30 19,554.04 3,196.56 5,119.20
2017-06-30 19,348.01 3,263.68 5,056.87
2017-03-31 19,529.07 3,391.42 5,092.79
2016-12-31 19,710.13 3,519.17 5,128.71
2016-09-30 18,867.22 3,159.77 4,991.07
2016-06-30 19,960.88 3,389.03 5,136.56
2016-03-31 20,675.10 3,385.78 5,251.68
2015-12-31 21,389.32 3,382.53 5,366.79
2015-09-30 22,781.93 3,590.48 5,512.12
2015-06-30 23,059.85 3,622.83 5,387.99
2015-03-31 23,231.57 3,734.67 5,222.41
2014-12-31 23,414.65 3,848.37 5,059.29
2014-09-30 23,606.21 4,047.30 4,978.36
2014-06-30 24,350.78 4,341.48 5,013.73
2014-03-31 24,039.04 4,306.60 4,933.90
2013-12-31 23,112.42 4,161.01 4,728.30
2013-09-30 22,658.91 4,033.52 4,654.66
2013-06-30 22,023.41 3,872.95 4,543.93
2013-03-31 21,580.97 3,680.71 4,362.69
2012-12-31 20,935.49 3,452.11 4,139.05
2012-09-30 20,601.34 3,260.45 3,995.72
2012-06-30 20,306.22 3,072.22 3,858.41

*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.
  • Want Want China Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Want Want China Holdings used its assets more efficiently than the HK Food industry average last year based on Return on Assets.
  • Want Want China Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Want Want China Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the 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.
Want Want China Holdings 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.

151 Health

 How is Want Want China Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Want Want China Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Want Want China Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Want Want China Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Want Want China Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 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 Want Want China Holdings Company Filings, last reported 8 months ago.

SEHK:151 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 13,589.54 9,443.92 13,956.79
2018-06-30 13,589.54 9,443.92 13,956.79
2018-03-31 14,610.90 6,904.11 12,987.78
2017-09-30 13,073.29 7,462.71 11,311.80
2017-06-30 12,867.92 8,667.84 11,758.10
2017-03-31 12,867.92 8,667.84 11,758.10
2016-12-31 12,320.92 9,903.55 12,517.53
2016-09-30
2016-06-30 12,195.38 9,230.79 10,898.92
2016-03-31 12,195.38 9,230.79 10,898.92
2015-12-31 12,168.28 8,156.77 9,394.07
2015-09-30 11,901.17 7,984.94 9,196.16
2015-06-30 13,163.93 7,714.14 9,494.77
2015-03-31 13,161.81 7,712.89 9,493.24
2014-12-31 12,762.51 8,782.97 10,310.59
2014-09-30 12,631.84 8,693.05 10,205.02
2014-06-30 11,811.31 8,561.97 9,798.74
2014-03-31 11,808.08 8,559.63 9,796.06
2013-12-31 11,818.79 7,614.53 12,588.23
2013-09-30 11,950.17 7,699.18 12,728.17
2013-06-30 10,411.54 7,263.05 10,289.00
2013-03-31 10,535.79 7,349.73 10,411.78
2012-12-31 9,995.53 6,252.00 9,364.57
2012-09-30 10,082.28 6,306.26 9,445.85
2012-06-30 8,796.26 8,174.39 9,858.22
  • Want Want China Holdings's level of debt (69.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (64.4% vs 69.5% today).
  • Debt is well covered by operating cash flow (40.1%, greater than 20% of total debt).
  • Want Want China Holdings earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Want Want China Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Want Want China Holdings has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

151 Dividends

 What is Want Want China Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.51%
Current annual income from Want Want China Holdings dividends. Estimated to be 3.18% next year.
If you bought HK$2,000 of Want Want China Holdings shares you are expected to receive HK$50 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?
  • Want Want China Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.08%).
  • Want Want China Holdings's dividend is below the markets top 25% of dividend payers in Hong Kong (5.95%).
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:151 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 18 Analyst Estimates (S&P Global) See Below
Hong Kong Food Industry Average Dividend Yield Market Cap Weighted Average of 30 Stocks 2%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 966 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 6%

Industry and Market average data is calculated daily.

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

SEHK:151 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2021-03-31 0.17 16.00
2020-03-31 0.16 18.00
2019-03-31 0.14 19.00
SEHK:151 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2018-11-13 0.128 2.478
2018-06-22 0.121 2.319
2018-06-05 0.119 1.911
2017-08-22 0.105 2.083
2017-05-12 0.118 2.579
2016-03-31 0.120 2.775
2016-03-15 0.120 2.609
2015-08-25 0.115 2.411
2015-05-08 0.150 2.326
2014-09-17 0.213 2.905
2014-04-30 0.213 2.523
2013-10-04 0.191 2.168
2013-04-26 0.175 2.001
2012-08-29 0.139 1.646
2012-03-06 0.123 1.650
2011-08-23 0.123 2.108
2011-03-08 0.144 2.520
2010-08-24 0.157 2.802
2010-03-08 0.142 2.707
2009-08-24 0.134 3.094

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Want Want China Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.9x coverage).
X
Income/ dividend checks
We assess Want Want China Holdings'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 Want Want China Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Want Want China Holdings has a total score of 3/6, see the detailed checks below.


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

151 Management

 What is the CEO of Want Want China Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Eng-Meng Tsai
COMPENSATION CN¥35,028,600
AGE 61
CEO Bio

Mr. Tsai Eng-Meng has been the Chairman of Want Want China Holdings Limited since April 1987 and serves as its Chief Executive Officer. Mr. Tsai serves as General Manager of I Lan Foods Industrial Co., Ltd., a wholly owned subsidiary of Want Want China Holdings. He began his career in the food industry in 1976 and has very good knowledge of the industry with more than t40 years of experience. He serves as an Executive Director of Want Want China Holdings. He is a Member of the Food Development Association of Taiwan and the Taiwan Confectionery Biscuit and Floury Food Industry Association. He was awarded with an honorary professorship in April 1995 by Nanjing Shi Fan University for his contributions in Nanjing. Mr. Tsai serves as a director of Hot-Kid Holdings Limited and Norwares Overseas Inc. He is a director of Want Power Holdings Limited. Mr. Tsai is also a director of a number of Limited’s subsidiaries. In June 2013, Mr. Tsai was awarded an honorary doctorate degree in business studies from the Chinese Culture University in Taiwan in recognition of his outstanding achievements in business operations and active contributions to social welfare.

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

Average tenure and age of the Want Want China Holdings management team in years:

6.5
Average Tenure
52.5
Average Age
  • The average tenure for the Want Want China Holdings management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Eng-Meng Tsai

TITLE
Chairman & CEO
COMPENSATION
CN¥35M
AGE
61

Chi-Wen Chu

TITLE
CFO & Executive Director
COMPENSATION
CN¥3M
AGE
53
TENURE
7.3 yrs

Wang-Chia Tsai

TITLE
COO & Executive Director
COMPENSATION
CN¥1M
AGE
34
TENURE
6.5 yrs

Yung-Sung Huang

TITLE
Chief Marketing Officer & Executive Director
COMPENSATION
CN¥1M
AGE
65
TENURE
4.3 yrs

Yu-Sheng Lee

TITLE
Group Investment Officer
AGE
61

Chen-Shih Lin

TITLE
Technology Officer
AGE
65

Hung-Hsing Ting

TITLE
Managing Director of the Information Technology Department
AGE
48

Yong-Mei Cao

TITLE
MD of Mfg Dept and R&D Group
AGE
45
TENURE
6.5 yrs

Chun-Chiang Chen

TITLE
Managing Director of R&D Department
AGE
49

Chien-Chen Chen

TITLE
Group Managing Director of the Media & Procurement
AGE
52
Board of Directors Tenure

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

7.3
Average Tenure
61
Average Age
  • The tenure for the Want Want China Holdings board of directors is about average.
Board of Directors

Eng-Meng Tsai

TITLE
Chairman & CEO
COMPENSATION
CN¥35M
AGE
61
TENURE
32.2 yrs

Ching-Tsun Liao

TITLE
Vice Chairman
COMPENSATION
CN¥2M
AGE
67
TENURE
7.8 yrs

Chi-Wen Chu

TITLE
CFO & Executive Director
COMPENSATION
CN¥3M
AGE
53
TENURE
7.3 yrs

Wang-Chia Tsai

TITLE
COO & Executive Director
COMPENSATION
CN¥1M
AGE
34
TENURE
9 yrs

Yung-Sung Huang

TITLE
Chief Marketing Officer & Executive Director
COMPENSATION
CN¥1M
AGE
65
TENURE
4.3 yrs

Hong Yee Lai

TITLE
Company Secretary & Executive Director
AGE
49
TENURE
0.8 yrs

Ming-Hui Tsai

TITLE
GM of Southeast Asia Development Department & Executive Director
AGE
50
TENURE
0.8 yrs

Buck Pei

TITLE
Independent Non Executive Director
COMPENSATION
CN¥499K
AGE
61

David Toh

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥499K
AGE
66

Haruo Maki

TITLE
Non-Executive Director
COMPENSATION
CN¥83K
AGE
67
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$) Value (HK$)
05. Sep 18 Buy Eng-Meng Tsai Individual 31. Aug 18 31. Aug 18 5,000,000 HK$6.40 HK$31,976,499
05. Sep 18 Buy Eng-Meng Tsai Individual 03. Sep 18 03. Sep 18 3,519,000 HK$6.46 HK$22,746,109
31. Aug 18 Buy Eng-Meng Tsai Individual 30. Aug 18 30. Aug 18 5,000,000 HK$6.51 HK$32,573,988
31. Aug 18 Buy Eng-Meng Tsai Individual 28. Aug 18 28. Aug 18 8,013,000 HK$6.54 HK$52,439,454
31. Aug 18 Buy Eng-Meng Tsai Individual 29. Aug 18 29. Aug 18 7,000,000 HK$6.51 HK$45,584,681
27. Aug 18 Buy Eng-Meng Tsai Individual 27. Aug 18 27. Aug 18 2,911,000 HK$6.46 HK$18,805,068
24. Aug 18 Buy Eng-Meng Tsai Individual 23. Aug 18 23. Aug 18 2,067,000 HK$6.26 HK$12,937,759
24. Aug 18 Buy Eng-Meng Tsai Individual 24. Aug 18 24. Aug 18 3,045,000 HK$6.26 HK$19,054,088
22. Aug 18 Buy Eng-Meng Tsai Individual 21. Aug 18 21. Aug 18 842,000 HK$6.28 HK$5,283,888
22. Aug 18 Buy Eng-Meng Tsai Individual 20. Aug 18 20. Aug 18 926,000 HK$6.09 HK$5,641,748
22. Aug 18 Buy Eng-Meng Tsai Individual 22. Aug 18 22. Aug 18 3,232,000 HK$6.26 HK$20,248,161
17. Aug 18 Buy Eng-Meng Tsai Individual 15. Aug 18 15. Aug 18 3,000,000 HK$5.85 HK$17,546,711
17. Aug 18 Buy Eng-Meng Tsai Individual 16. Aug 18 16. Aug 18 5,500,000 HK$5.95 HK$32,732,148
17. Aug 18 Buy Eng-Meng Tsai Individual 17. Aug 18 17. Aug 18 5,500,000 HK$6.13 HK$33,738,079
X
Management checks
We assess Want Want China Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Want Want China Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

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

151 News

Simply Wall St News

Did You Manage To Avoid Want Want China Holdings's (HKG:151) 46% Share Price Drop?

At this point some shareholders may be questioning their investment in Want Want China Holdings Limited (HKG:151), since the last five years saw the share price fall 46%. … During the five years over which the share price declined, Want Want China Holdings's earnings per share (EPS) dropped by 3.5% each year. … As it happens, Want Want China Holdings's TSR for the last 5 years was -39%, which exceeds the share price return mentioned earlier.

Simply Wall St -

Have Insiders Been Buying Want Want China Holdings Limited (HKG:151) Shares?

So before you buy or sell Want Want China Holdings Limited (HKG:151), you may well want to know whether insiders have been buying or selling. … As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.'. … Want Want China Holdings Insider Transactions Over The Last Year.

Simply Wall St -

Want Want China Holdings Limited (HKG:151): Time For A Financial Health Check

Stocks with market capitalization between $2B and $10B, such as Want Want China Holdings Limited (HKG:151) with a size of HK$77b, do not attract as much attention from the investing community as do the small-caps and large-caps. … Remember this is a very top-level look that focuses exclusively on financial health, so I recommend a deeper analysis. … View our latest analysis for Want Want China Holdings

Simply Wall St -

Should You Like Want Want China Holdings Limited’s (HKG:151) High Return On Capital Employed?

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. … What is 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 -

Can We See Significant Insider Ownership On The Want Want China Holdings Limited (HKG:151) Share Register?

If you want to know who really controls Want Want China Holdings Limited (HKG:151), then you'll have to look at the makeup of its share registry. … Want Want China Holdings is a pretty big company. … Check out our latest analysis for Want Want China Holdings

Simply Wall St -

Is Want Want China Holdings Limited (HKG:151) A Financially Sound Company?

The size of Want Want China Holdings Limited (HKG:151), a HK$81b large-cap, often attracts investors seeking a reliable investment in the stock market. … Let’s take a look at Want Want China Holdings’s leverage and assess its financial strength to get an idea of their ability to fund strategic acquisitions and grow through cyclical pressures. … Check out our latest analysis for Want Want China Holdings

Simply Wall St -

Does Want Want China Holdings Limited's (HKG:151) CEO Pay Compare Well With Peers?

The CEO of Want Want China Holdings Limited (HKG:151) is Eng-Meng Tsai. … According to our data, Want Want China Holdings Limited has a market capitalization of HK$78b, and pays its CEO total annual compensation worth CN¥35m. … We looked at a group of companies with market capitalizations over CN¥54b and the median CEO total compensation was CN¥3.2m

Simply Wall St -

Is Want Want China Holdings Limited (HKG:151) A Smart Pick For Income Investors?

Historically, Want Want China Holdings Limited (HKG:151) has been paying a dividend to shareholders. … Let's take a look at Want Want China Holdings in more detail. … View our latest analysis for Want Want China Holdings

Simply Wall St -

Imagine Owning Want Want China Holdings And Wondering If The 44% Share Price Slide Is Justified

While not a mind-blowing move, it is good to see that the Want Want China Holdings Limited (HKG:151) share price has gained 16% in the last three months. … After all, the share price is down 44% in that time, significantly under-performing the market. … During the five years over which the share price declined, Want Want China Holdings's earnings per share (EPS) dropped by 1.7% each year.

Simply Wall St -

Should You Think About Buying Want Want China Holdings Limited (HKG:151) Now?

Want to participate in a short research study? … Let's talk about the popular Want Want China Holdings Limited (HKG:151). … As a large-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock.

Simply Wall St -

151 Company Info

Description

Want Want China Holdings Limited, an investment holding company, manufactures, distributes, and sells food and beverages. The company operates through four segments: Rice Crackers, Dairy Products and Beverages, Snack Foods, and Other Products. It offers sugar coated crackers, savoury crackers and fried crackers, and gift packs; flavoured milk, room temperature yogurt, yogurt drinks, ready-to-drink coffee, juice drinks, sports drinks, herbal tea, and milk powder; candies, popsicles, ball cakes and jellies, beans, nuts, and other snacks; and wine and other food products. The company is also involved in the trade of food and beverages, raw materials, machineries, etc.; sale of chemical materials and plastic films/bags; manufacture and sale of machineries and related services; manufacture of dehydrating, deoxidating, preservative, and related products; manufacture and sale of packaging materials, packing bags, carton boxes, and cans; provision of consultancy and information services; dairy farming and milk production activities; trading of food and beverages and related activities online; processing and sale of rice and oil products; and manufacture of rice flour. It serves customers through a sales and distribution network primarily in the People’s Republic of China, Taiwan, Japan, Hong Kong, Singapore, the United States, and Canada; and countries in the Southeast Asia and Europe. Want Want China Holdings Limited was founded in 1962 and is headquartered in Tsim Sha Tsui, Hong Kong.

Details
Name: Want Want China Holdings Limited
151
Exchange: SEHK
Founded: 1962
HK$71,430,163,526
12,422,637,135
Website: http://www.want-want.com
Address: Want Want China Holdings Limited
Mira Place Tower A,
Unit 918, 9th Floor,
Tsim Sha Tsui,
Kowloon, Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 151 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 26. Mar 2008
OTCPK WWNT.F Ordinary Shares Pink Sheets LLC US USD 26. Mar 2008
DB 4HQ Ordinary Shares Deutsche Boerse AG DE EUR 26. Mar 2008
SHSC 151 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 26. Mar 2008
SZSC 151 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 26. Mar 2008
OTCPK WWNT.Y UNSPONSORED ADR Pink Sheets LLC US USD 30. Oct 2008
Number of employees
Current staff
Staff numbers
45,730
Want Want China Holdings employees.
Industry
Packaged Foods and Meats
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/17 12:45
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/06/14
Last earnings filing: 2018/11/29
Last earnings reported: 2018/09/30
Last annual earnings reported: 2018/03/31


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.