Want Want China Holdings
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
1 Year Returns
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.
151 Value
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Want Want China Holdings.
| 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.
| 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.
| 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 | ||
| 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 |
| 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 |
| 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
Current Discount Checks
- 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?
| 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.
| 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?
| 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 .
| 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?
| 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 |
| 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.
Value checks
We assess Want Want China Holdings's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Food industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Food industry average (and greater than 0)? (1 check) 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
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!
Earnings growth vs Low Risk Savings
- 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
| 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
| 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 |
| 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 |
| 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.
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.
| 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 |
| 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%).
Future performance checks
We assess Want Want China Holdings's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
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
Past Earnings growth analysis
- 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
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.
| 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).
Past performance checks
We assess Want Want China Holdings's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Food industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
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.
- 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
Assets
Liabilities and shares
- 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.
All data from Want Want China Holdings Company Filings, last reported 8 months ago.
| 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.
Financial health checks
We assess Want Want China Holdings's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Want Want China Holdings has a total score of 4/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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
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
- 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.
| 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.
| 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 |
| 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.
Income/ dividend checks
We assess Want Want China Holdings's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- 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) 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
CEO
| 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:
- 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
Chairman & CEO
CN¥35M
61
Chi-Wen Chu
CFO & Executive Director
CN¥3M
53
7.3 yrs
Wang-Chia Tsai
COO & Executive Director
CN¥1M
34
6.5 yrs
Yung-Sung Huang
Chief Marketing Officer & Executive Director
CN¥1M
65
4.3 yrs
Yu-Sheng Lee
Group Investment Officer
61
Chen-Shih Lin
Technology Officer
65
Hung-Hsing Ting
Managing Director of the Information Technology Department
48
Yong-Mei Cao
MD of Mfg Dept and R&D Group
45
6.5 yrs
Chun-Chiang Chen
Managing Director of R&D Department
49
Chien-Chen Chen
Group Managing Director of the Media & Procurement
52
Board of Directors Tenure
Average tenure and age of the Want Want China Holdings board of directors in years:
- The tenure for the Want Want China Holdings board of directors is about average.
Board of Directors
Eng-Meng Tsai
Chairman & CEO
CN¥35M
61
32.2 yrs
Ching-Tsun Liao
Vice Chairman
CN¥2M
67
7.8 yrs
Chi-Wen Chu
CFO & Executive Director
CN¥3M
53
7.3 yrs
Wang-Chia Tsai
COO & Executive Director
CN¥1M
34
9 yrs
Yung-Sung Huang
Chief Marketing Officer & Executive Director
CN¥1M
65
4.3 yrs
Hong Yee Lai
Company Secretary & Executive Director
49
0.8 yrs
Ming-Hui Tsai
GM of Southeast Asia Development Department & Executive Director
50
0.8 yrs
Buck Pei
Independent Non Executive Director
CN¥499K
61
David Toh
Independent Non-Executive Director
CN¥499K
66
Haruo Maki
Non-Executive Director
CN¥83K
67
Who owns this company?
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 | ||
Management checks
We assess Want Want China Holdings's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) 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 - – Full articleHave 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 - – Full articleWant 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 - – Full articleShould 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 - – Full articleCan 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 - – Full articleIs 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 - – Full articleDoes 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 - – Full articleIs 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 - – Full articleImagine 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 - – Full articleShould 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 - – Full article151 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
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.
