SEHK:151

Stock Analysis Report

Executive Summary

Want Want China Holdings Limited, an investment holding company, manufactures, distributes, and sells food and beverages.

Snowflake

Fundamentals

Excellent balance sheet with proven track record and pays a dividend.


Similar Companies

Share Price & News

How has Want Want China Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

3.1%

151

2.8%

HK Food

2.2%

HK Market


1 Year Return

13.6%

151

13.6%

HK Food

-1.3%

HK Market

Return vs Industry: 151 matched the Hong Kong Food industry which returned 13.6% over the past year.

Return vs Market: 151 exceeded the Hong Kong Market which returned -1.3% over the past year.


Share holder returns

151IndustryMarket
7 Day3.1%2.8%2.2%
30 Day-1.9%-1.3%-2.9%
90 Day1.4%-6.0%-5.8%
1 Year18.7%13.6%16.8%13.6%2.3%-1.3%
3 Year45.4%31.5%42.2%31.8%15.6%3.9%
5 Year-22.9%-33.3%4.6%-5.7%20.1%0.06%

Price Volatility Vs. Market

How volatile is Want Want China Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

20.52x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Undervalued: 151 (HK$6.34) is trading above our estimate of fair value (HK$5.43)

Significantly Undervalued: 151 is trading above our estimate of fair value.


Price Based on Earnings

PE vs Industry: 151 is poor value based on its PE Ratio (20.5x) compared to the Food industry average (15.9x).

PE vs Market: 151 is poor value based on its PE Ratio (20.5x) compared to the Hong Kong market (10.3x).


Price Based on Expected Growth

Low PEG Ratio: 151 is poor value based on its PEG Ratio (3x)


Price Based on Value of Assets

PB vs Industry: 151 is overvalued based on its PB Ratio (4.7x) compared to the HK Food industry average (0.8x).


Next Steps

Future Growth

How is Want Want China Holdings expected to perform in the next 1 to 3 years based on estimates from 18 analysts?

6.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: 151's forecast earnings growth (6.9% per year) is above the savings rate (2%).

Earnings vs Market: 151's earnings (6.9% per year) are forecast to grow slower than the Hong Kong market (11.2% per year).

High Growth Earnings: 151's earnings are forecast to grow, but not significantly.

Revenue vs Market: 151's revenue (4.1% per year) is forecast to grow slower than the Hong Kong market (10.1% per year).

High Growth Revenue: 151's revenue (4.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Estimates


Future Return on Equity

High Future ROE: 151's Return on Equity is forecast to be high in 3 years time (23.4%)


Next Steps

Past Performance

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

-5.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 151's earnings have declined by -5.8% per year over the past 5 years.

Accelerating Growth: 151's earnings growth over the past year (12.5%) exceeds its 5-year average (-5.8% per year).

Earnings vs Industry: 151 earnings growth over the past year (12.5%) exceeded the Food industry 4.2%.


Return on Equity

High ROE: 151's Return on Equity (22.4%) is considered high.


Return on Assets

ROA vs Industry: 151 has a higher Return on Assets than the Food industry average last year.


Return on Capital Employed

ROCE Improving: 151's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Want Want China Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 151's short term assets (CN¥21.2B) exceeds its short term liabilities (CN¥6.3B)

Long Term Liabilities: 151's short term assets (21.2B) exceeds its long term liabilities (8.1B)


Debt to Equity History and Analysis

Debt Level: 151's debt to equity ratio (61.7%) is considered high

Reducing Debt: 151's debt to equity ratio has reduced from 72.5% to 61.7% over the past 5 years.

Debt Coverage: 151's debt is well covered by operating cash flow (45.8%).

Interest Coverage: 151 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: 151 has a high level of physical assets or inventory.

Debt Coverage by Assets: 151's debt is covered by short term assets (assets are 2.227630x debt).


Next Steps

Dividend

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

4.14%

Expected Dividend Yield


Dividend Yield vs Market

company4.2%marketbottom25%2.3%markettop25%6.3%industryaverage2.9%forecastin3Years4.1%

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: 151's dividend (4.21%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.25%).

High Dividend: 151's dividend (4.21%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.35%).

Stable Dividend: 151's dividend payments have been volatile in the past 10 years.

Growing Dividend: 151's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (70.7%), 151's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 151's dividends in 3 years are forecast to be covered by earnings (75.1% payout ratio).


Next Steps

Management

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

6.8yrs

Average management tenure


CEO

Eng-Meng Tsai (62yo)

0yrs

Tenure

CN¥80,628,000

Compensation

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 ...


CEO Compensation Analysis

Compensation vs. Market: Eng-Meng's total compensation ($USD11.38M) is about average for companies of similar size in the Hong Kong market ($USD791.33K).

Compensation vs Earnings: Eng-Meng's compensation has increased by more than 20% in the past year.


Management Age and Tenure

6.8yrs

Average Tenure

52.5yo

Average Age

Experienced Management: 151's management team is seasoned and experienced (6.8 years average tenure).


Board Age and Tenure

7.9yrs

Average Tenure

58yo

Average Age

Experienced Board: 151's board of directors are considered experienced (7.9 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Eng-Meng Tsai (62yo)

    Chairman & CEO

    • Tenure: 0yrs
    • Compensation: CN¥80.63m
  • Kevin Tsai (38yo)

    Executive Director

    • Tenure: 10.3yrs
    • Compensation: CN¥1.82m
  • Chi-Wen Chu (54yo)

    CFO & Executive Director

    • Tenure: 7.6yrs
    • Compensation: CN¥2.44m
  • Yung-Sung Huang (66yo)

    Chief Marketing Officer & Executive Director

    • Tenure: 4.6yrs
    • Compensation: CN¥1.23m
  • Chen-Shih Lin (66yo)

    Technology Officer

    • Tenure: 0yrs
  • Hong Yee Lai (51yo)

    Company Secretary & Executive Director

    • Tenure: 1.2yrs
    • Compensation: CN¥785.50k
  • Yu-Sheng Lee (62yo)

    Group Investment Officer

    • Tenure: 0yrs
  • Wang-Chia Tsai (35yo)

    COO & Executive Director

    • Tenure: 9.3yrs
    • Compensation: CN¥2.32m
  • Hung-Hsing Ting (49yo)

    Managing Director of the Information Technology Department

    • Tenure: 0yrs
  • Ming-Hui Tsai (51yo)

    GM of Southeast Asia Development Department & Executive Director

    • Tenure: 1.2yrs
    • Compensation: CN¥839.00k

Board Members

  • Ching-Tsun Liao (68yo)

    Vice Chairman

    • Tenure: 8.2yrs
    • Compensation: CN¥1.42m
  • Eng-Meng Tsai (62yo)

    Chairman & CEO

    • Tenure: 0yrs
    • Compensation: CN¥80.63m
  • Kevin Tsai (38yo)

    Executive Director

    • Tenure: 10.3yrs
    • Compensation: CN¥1.82m
  • Buck Pei (62yo)

    Independent Non Executive Director

    • Tenure: 0yrs
    • Compensation: CN¥404.00k
  • David Toh (67yo)

    Independent Non-Executive Director

    • Tenure: 0yrs
    • Compensation: CN¥404.00k
  • Chi-Wen Chu (54yo)

    CFO & Executive Director

    • Tenure: 7.6yrs
    • Compensation: CN¥2.44m
  • Yung-Sung Huang (66yo)

    Chief Marketing Officer & Executive Director

    • Tenure: 4.6yrs
    • Compensation: CN¥1.23m
  • Hong Yee Lai (51yo)

    Company Secretary & Executive Director

    • Tenure: 1.2yrs
    • Compensation: CN¥785.50k
  • Wang-Chia Tsai (35yo)

    COO & Executive Director

    • Tenure: 9.3yrs
    • Compensation: CN¥2.32m
  • Ming-Hui Tsai (51yo)

    GM of Southeast Asia Development Department & Executive Director

    • Tenure: 1.2yrs
    • Compensation: CN¥839.00k

Company Information

Want Want China Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Want Want China Holdings Limited
  • Ticker: 151
  • Exchange: SEHK
  • Founded: 1962
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: HK$77.890b
  • Shares outstanding: 12.42b
  • Website: https://www.want-want.com

Number of Employees


Location

  • Want Want China Holdings Limited
  • Mira Place Tower A
  • 9th Floor
  • Tsim Sha Tsui
  • Kowloon
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
151SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDMar 2008
4HQDB (Deutsche Boerse AG)YesOrdinary SharesDEEURMar 2008
WWNT.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDMar 2008
151SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesOrdinary SharesHKHKDMar 2008
151SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesOrdinary SharesHKHKDMar 2008
WWNT.YOTCPK (Pink Sheets LLC)UNSPONSORED ADRUSUSDOct 2008

Biography

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 Bever ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 12:43
End of Day Share Price2019/10/14 00:00
Earnings2019/03/31
Annual Earnings2019/03/31


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.

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