Lanzhou Zhuangyuan Pasture (SEHK:1533) - Share price, News & Analysis

1533 fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	0/6
Past Performance	2/6
Financial Health	2/6
Dividends	0/6

1533 Stock Overview

Lanzhou Zhuangyuan Pasture Co., Ltd. manufactures, markets, and sells dairy products in China.

Rewards

Earnings grew by 6% over the past year

Risk Analysis

Earnings have declined by 18.4% per year over past 5 years

Large one-off items impacting financial results

Lanzhou Zhuangyuan Pasture Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Lanzhou Zhuangyuan Pasture
Historical stock prices
Current Share Price	HK$10.12
52 Week High	HK$10.94
52 Week Low	HK$5.83
Beta	0.36
1 Month Change	2.43%
3 Month Change	8.47%
1 Year Change	54.50%
3 Year Change	84.34%
5 Year Change	89.16%
Change since IPO	85.69%

Shareholder Returns

	1533	HK Food	HK Market
7D	0.6%	0.2%	0.8%
1Y	54.5%	-24.9%	-21.5%

Return vs Industry: 1533 exceeded the Hong Kong Food industry which returned -26% over the past year.

Return vs Market: 1533 exceeded the Hong Kong Market which returned -22.6% over the past year.

Price Volatility

Is 1533's price volatile compared to industry and market?
1533 volatility
1533 Average Weekly Movement	3.3%
Food Industry Average Movement	5.9%
Market Average Movement	7.0%
10% most volatile stocks in HK Market	13.7%
10% least volatile stocks in HK Market	3.4%

Stable Share Price: 1533 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 1533's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2000	1,401	Hongfu Ma	https://www.lzzhuangyuan.com

Lanzhou Zhuangyuan Pasture Co., Ltd. manufactures, markets, and sells dairy products in China. It operates through two segments, Dairy Farming and Dairy Products Production. The company offers liquid milk products comprising pasteurized milk, UHT milk, modified milk, yogurt, and other dairy products; raw milk; and milk beverage products.

Lanzhou Zhuangyuan Pasture Fundamentals Summary

How do Lanzhou Zhuangyuan Pasture's earnings and revenue compare to its market cap?
1533 fundamental statistics
Market Cap	CN¥2.45b
Earnings (TTM)	CN¥44.08m
Revenue (TTM)	CN¥1.03b

45.5x

P/E Ratio

1.9x

P/S Ratio

Is 1533 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
1533 income statement (TTM)
Revenue	CN¥1.03b
Cost of Revenue	CN¥822.52m
Gross Profit	CN¥208.64m
Other Expenses	CN¥164.55m
Earnings	CN¥44.08m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	0.19
Gross Margin	20.23%
Net Profit Margin	4.28%
Debt/Equity Ratio	58.7%

How did 1533 perform over the long term?

See historical performance and comparison

Dividends

0.5%

Current Dividend Yield

25%

Payout Ratio

Does 1533 pay a reliable dividends?

See 1533 dividend history and benchmarks

When do you need to buy 1533 by to receive an upcoming dividend?
Lanzhou Zhuangyuan Pasture dividend dates
Ex Dividend Date	Jul 04 2022
Dividend Pay Date	Aug 31 2022
Days until Ex dividend	12 days
Days until Dividend pay date	70 days

Does 1533 pay a reliable dividends?

See 1533 dividend history and benchmarks

We’ve recently updated our valuation analysis.

Valuation

Is 1533 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1533?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for 1533. This is calculated by dividing 1533's market cap by their current preferred multiple.
What is 1533's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	CN¥2.45b

1533 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	2.8x
Enterprise Value/EBITDA	17.7x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does 1533's PE Ratio compare to its peers?

1533 PE Ratio vs Peers

The above table shows the PE ratio for 1533 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PE	Estimated Growth	Market Cap
Peer Average	16.6x

Forward PE

Price-To-Earnings vs Peers: 1533 is expensive based on its Price-To-Earnings Ratio (45.5x) compared to the peer average (16.6x).

Price to Earnings Ratio vs Industry

How does 1533's PE Ratio compare vs other companies in the Hong Kong Food Industry?

Price-To-Earnings vs Industry: 1533 is expensive based on its Price-To-Earnings Ratio (45.5x) compared to the Hong Kong Food industry average (10.9x)

Price to Earnings Ratio vs Fair Ratio

What is 1533's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

1533 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	45.5x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 1533's Price-To-Earnings Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of 1533 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 1533 (HK$10.12) is trading above our estimate of fair value (HK$1.08)

Significantly Below Fair Value: 1533 is trading above our estimate of fair value.

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 1533's PEG Ratio to determine if it is good value.

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Future Growth

How is Lanzhou Zhuangyuan Pasture forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

15.4%

Forecasted Food, Beverage & Tobacco industry annual growth in earnings

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 Lanzhou Zhuangyuan Pasture 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 SimplyWall St do have past financial data.

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Take a look at our analysis of 1533’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.
Lanzhou Zhuangyuan Pasture competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Lanzhou Zhuangyuan Pasture performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-18.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 1533 has a large one-off gain of CN¥19.9M impacting its March 31 2022 financial results.

Growing Profit Margin: 1533's current net profit margins (4.3%) are lower than last year (5%).

Past Earnings Growth Analysis

Earnings Trend: 1533's earnings have declined by 18.4% per year over the past 5 years.

Accelerating Growth: 1533's earnings growth over the past year (6%) exceeds its 5-year average (-18.4% per year).

Earnings vs Industry: 1533 earnings growth over the past year (6%) exceeded the Food industry 3.6%.

Return on Equity

High ROE: 1533's Return on Equity (2.7%) is considered low.

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Financial Health

How is Lanzhou Zhuangyuan Pasture's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: 1533's short term assets (CN¥801.3M) do not cover its short term liabilities (CN¥838.5M).

Long Term Liabilities: 1533's short term assets (CN¥801.3M) exceed its long term liabilities (CN¥470.4M).

Debt to Equity History and Analysis

Debt Level: 1533's net debt to equity ratio (24.6%) is considered satisfactory.

Reducing Debt: 1533's debt to equity ratio has increased from 46.4% to 58.7% over the past 5 years.

Debt Coverage: 1533's debt is not well covered by operating cash flow (15.7%).

Interest Coverage: 1533's interest payments on its debt are not well covered by EBIT (2.7x coverage).

Balance Sheet

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Dividend

What is Lanzhou Zhuangyuan Pasture current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

0.54%

Current Dividend Yield

Upcoming Dividend Payment

Dividend Yield vs Market

Notable Dividend: 1533's dividend (0.54%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.78%).

High Dividend: 1533's dividend (0.54%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.82%).

Stability and Growth of Payments

Stable Dividend: 1533 is not paying a notable dividend for the Hong Kong market, therefore no need to check if payments are stable.

Growing Dividend: 1533 is not paying a notable dividend for the Hong Kong market, therefore no need to check if payments are increasing.

Earnings Payout to Shareholders

Earnings Coverage: 1533 is not paying a notable dividend for the Hong Kong market.

Cash Payout to Shareholders

Cash Flow Coverage: 1533 is paying a dividend but the company has no free cash flows.

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Management

How experienced are the management team and are they aligned to shareholders interests?

3.4yrs

Average management tenure

CEO

Hongfu Ma (55 yo)

2.25yrs

Tenure

CN¥305,000

Compensation

Mr. Hongfu Ma is founder of Lanzhou Zhuangyuan Pasture Co., Ltd. and serves as its General Manager since March 10, 2020. Mr. Ma served as the General Manager of Lanzhou Zhuangyuan Pasture Co., Ltd.since A...

CEO Compensation Analysis

Compensation vs Market: Hongfu's total compensation ($USD45.57K) is below average for companies of similar size in the Hong Kong market ($USD383.48K).

Compensation vs Earnings: Hongfu's compensation has been consistent with company performance over the past year.

Leadership Team

Experienced Management: 1533's management team is considered experienced (3.4 years average tenure).

Board Members

Experienced Board: 1533's board of directors are not considered experienced ( 1 years average tenure), which suggests a new board.

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

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

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/06/21 00:00
End of Day Share Price	2022/06/21 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31