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Ausnutria Dairy

SEHK:1717
Snowflake Description

Exceptional growth potential with flawless balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1717
SEHK
HK$26B
Market Cap
  1. Home
  2. HK
  3. Food, Beverage & Tobacco
Company description

Ausnutria Dairy Corporation Ltd, an investment holding company, primarily engages in the research and development, milk collection, processing, production, packaging, marketing, and distribution of infant formula and other dairy products. The last earnings update was 64 days ago. More info.


Add to Portfolio Compare Print
  • Ausnutria Dairy has significant price volatility in the past 3 months.
1717 Share Price and Events
7 Day Returns
-0.4%
SEHK:1717
1.8%
HK Food
1.5%
HK Market
1 Year Returns
68.9%
SEHK:1717
1.8%
HK Food
-4.7%
HK Market
1717 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Ausnutria Dairy (1717) -0.4% 10.5% 53.7% 68.9% 578.5% -
HK Food 1.8% 2.7% 0.9% 1.8% 48.4% -17.7%
HK Market 1.5% 3.9% -8.2% -4.7% 18.3% 3.4%
1 Year Return vs Industry and Market
  • 1717 outperformed the Food industry which returned 1.8% over the past year.
  • 1717 outperformed the Market in Hong Kong which returned -4.7% over the past year.
Price Volatility
1717
Industry
5yr Volatility vs Market

Value

 Is Ausnutria Dairy 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 Ausnutria Dairy 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 Ausnutria Dairy.

SEHK:1717 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 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:1717
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 0.56
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.563 (1 + (1- 25%) (4.64%))
0.721
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:1717 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Ausnutria Dairy 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:1717 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 7.32%)
2020 1,151.99 Analyst x5 1,073.39
2021 1,613.66 Analyst x5 1,400.97
2022 2,000.73 Est @ 23.99% 1,618.49
2023 2,348.69 Est @ 17.39% 1,770.33
2024 2,648.74 Est @ 12.78% 1,860.26
2025 2,901.52 Est @ 9.54% 1,898.75
2026 3,112.79 Est @ 7.28% 1,898.01
2027 3,290.15 Est @ 5.7% 1,869.27
2028 3,441.14 Est @ 4.59% 1,821.66
2029 3,572.37 Est @ 3.81% 1,762.09
Present value of next 10 years cash flows CN¥16,973.23
SEHK:1717 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥3,572.37 × (1 + 2%) ÷ (7.32% – 2%)
CN¥68,494.81
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥68,494.81 ÷ (1 + 7.32%)10
CN¥33,785.44
SEHK:1717 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥16,973.23 + CN¥33,785.44
CN¥50,758.67
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥50,758.67 / 1,607.99
CN¥31.57
SEHK:1717 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:1717)
1.137
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥31.57 x 1.137
HK$35.88
Value per share (HKD) From above. HK$35.88
Current discount Discount to share price of HK$16.42
= -1 x (HK$16.42 - HK$35.88) / HK$35.88
54.2%

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

Current Discount
Amount off the current price Ausnutria Dairy is available for.
Intrinsic value
>50%
Share price is HK$16.42 vs Future cash flow value of HK$35.88
Current Discount Checks
For Ausnutria Dairy to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Ausnutria Dairy's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Ausnutria Dairy's share price is below the future cash flow value, and 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 Ausnutria Dairy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Ausnutria Dairy's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:1717 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in CNY CN¥0.43
SEHK:1717 Share Price ** SEHK (2019-07-17) in HKD HK$16.42
SEHK:1717 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.88 CN¥14.44
Hong Kong Food Industry PE Ratio Median Figure of 42 Publicly-Listed Food Companies 15.28x
Hong Kong Market PE Ratio Median Figure of 1,510 Publicly-Listed Companies 10.75x

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

** Primary Listing of Ausnutria Dairy.

SEHK:1717 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1717 Share Price ÷ EPS (both in CNY)

= 14.44 ÷ 0.43

33.47x

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

  • Ausnutria Dairy is overvalued based on earnings compared to the HK Food industry average.
  • Ausnutria Dairy is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Ausnutria Dairy's expected growth come at a high price?
Raw Data
SEHK:1717 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 33.47x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
30.5%per year
Hong Kong Food Industry PEG Ratio Median Figure of 20 Publicly-Listed Food Companies 1.62x
Hong Kong Market PEG Ratio Median Figure of 479 Publicly-Listed Companies 0.8x

*Line of best fit is calculated by linear regression .

SEHK:1717 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 33.47x ÷ 30.5%

1.1x

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

  • Ausnutria Dairy is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Ausnutria Dairy's assets?
Raw Data
SEHK:1717 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in CNY CN¥2.06
SEHK:1717 Share Price * SEHK (2019-07-17) in HKD HK$16.42
SEHK:1717 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.88 CN¥14.44
Hong Kong Food Industry PB Ratio Median Figure of 57 Publicly-Listed Food Companies 0.81x
Hong Kong Market PB Ratio Median Figure of 2,197 Publicly-Listed Companies 0.92x
SEHK:1717 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1717 Share Price ÷ Book Value per Share (both in CNY)

= 14.44 ÷ 2.06

7.02x

* Primary Listing of Ausnutria Dairy.

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

  • Ausnutria Dairy is overvalued based on assets compared to the HK Food industry average.
X
Value checks
We assess Ausnutria Dairy'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. Ausnutria Dairy has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

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

Future Performance

 How is Ausnutria Dairy expected to perform in the next 1 to 3 years based on estimates from 6 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
30.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Ausnutria Dairy expected to grow at an attractive rate?
  • Ausnutria Dairy's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • Ausnutria Dairy's earnings growth is expected to exceed the Hong Kong market average.
  • Ausnutria Dairy's revenue growth is expected to exceed the Hong Kong market average.
Annual Growth Rates Comparison
Raw Data
SEHK:1717 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:1717 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 30.5%
SEHK:1717 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 25.1%
Hong Kong Food Industry Earnings Growth Rate Market Cap Weighted Average 15.7%
Hong Kong Food Industry Revenue Growth Rate Market Cap Weighted Average 9.6%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average -7.3%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.3%

*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:1717 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:1717 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 11,325 1,698 1,543 6
2020-12-31 9,060 1,260 1,208 6
2019-12-31 7,086 1,215 873 6
SEHK:1717 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-03-31 5,731 683
2018-12-31 5,390 532 635
2018-09-30 4,979 543
2018-06-30 4,806 339 482
2018-03-31 4,353 347
2017-12-31 3,926 512 308
2017-09-30 3,577 294
2017-06-30 3,192 589 264
2017-03-31 2,915 225
2016-12-31 2,740 294 213
2016-09-30 2,527 180
2016-06-30 2,442 -33 112

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Ausnutria Dairy's earnings are expected to grow significantly at over 20% yearly.
  • Ausnutria Dairy's revenue is expected to grow significantly at over 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:1717 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Ausnutria Dairy Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1717 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 1.01 1.13 0.88 6.00
2020-12-31 0.79 0.92 0.72 6.00
2019-12-31 0.58 0.66 0.53 5.00
SEHK:1717 Past Financials Data
Date (Data in CNY Millions) EPS *
2019-03-31 0.43
2018-12-31 0.47
2018-09-30
2018-06-30 0.38
2018-03-31
2017-12-31 0.25
2017-09-30
2017-06-30 0.21
2017-03-31
2016-12-31 0.17
2016-09-30
2016-06-30 0.10

*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.
  • Ausnutria Dairy is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Ausnutria Dairy'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.
Ausnutria Dairy has a total score of 6/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

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

Past Performance

  How has Ausnutria Dairy performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Ausnutria Dairy'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.
  • Ausnutria Dairy has delivered over 20% year on year earnings growth in the past 5 years.
  • Ausnutria Dairy's 1-year earnings growth exceeds its 5-year average (96.7% vs 46.6%)
  • Ausnutria Dairy's earnings growth has exceeded the HK Food industry average in the past year (96.7% vs 8.1%).
Earnings and Revenue History
Ausnutria Dairy'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 Ausnutria Dairy Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1717 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 5,730.98 682.73 2,007.10
2018-12-31 5,389.57 635.10 1,906.09
2018-09-30 4,978.90 543.08 1,753.19
2018-06-30 4,805.87 482.18 1,640.41
2018-03-31 4,352.91 347.07 1,454.88
2017-12-31 3,926.47 308.13 1,267.15
2017-09-30 3,576.87 294.49 1,132.24
2017-06-30 3,192.20 264.41 986.61
2017-03-31 2,915.10 224.61 921.73
2016-12-31 2,740.26 212.67 862.07
2016-09-30 2,526.94 179.87 763.62
2016-06-30 2,442.24 111.69 737.37
2016-03-31 2,260.16 84.85 667.86
2015-12-31 2,103.53 50.65 617.14
2015-09-30 2,061.07 25.58 548.44
2015-06-30 1,941.39 77.22 497.90
2015-03-31 1,917.43 82.31 461.84
2014-12-31 1,966.05 90.22 441.68
2014-09-30 1,820.01 103.30 387.69
2014-06-30 1,827.43 111.51 359.94
2014-03-31 1,757.61 116.11 337.61
2013-12-31 1,687.78 120.71 315.28
2013-09-30 1,560.68 92.34 294.48
2013-06-30 1,433.58 63.97 273.67
2013-03-31 1,392.29 65.23 253.24
2012-12-31 1,351.00 66.49 232.80
2012-09-30 1,255.05 71.90 232.23

*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.
  • Ausnutria Dairy has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Ausnutria Dairy used its assets more efficiently than the HK Food industry average last year based on Return on Assets.
  • Ausnutria Dairy has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Ausnutria Dairy'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.
Ausnutria Dairy has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

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

Health

 How is Ausnutria Dairy'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 Ausnutria Dairy's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Ausnutria Dairy is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Ausnutria Dairy's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Ausnutria Dairy'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 3.8x 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 Ausnutria Dairy Company Filings, last reported 3 months ago.

SEHK:1717 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 3,394.55 1,076.51 1,449.86
2018-12-31 3,394.55 870.40 1,449.86
2018-09-30 1,925.53 2,145.51 713.08
2018-06-30 1,925.53 2,145.51 713.08
2018-03-31 1,947.01 1,973.78 635.65
2017-12-31 1,947.01 1,732.88 635.65
2017-09-30
2017-06-30 1,777.11 1,455.52 772.14
2017-03-31 1,589.65 1,215.09 546.53
2016-12-31 1,589.65 1,200.11 546.53
2016-09-30
2016-06-30 1,433.03 1,080.51 597.67
2016-03-31 1,327.54 948.11 493.61
2015-12-31 1,327.54 929.73 493.61
2015-09-30
2015-06-30 1,232.41 807.52 476.59
2015-03-31 1,214.93 569.47 743.38
2014-12-31 1,214.93 544.75 743.38
2014-09-30
2014-06-30 1,252.78 400.26 692.82
2014-03-31 1,252.78 400.26 692.82
2013-12-31 1,194.47 296.86 657.46
2013-09-30 1,194.47 296.86 657.46
2013-06-30 1,125.32 219.09 698.05
2013-03-31 1,125.32 219.09 698.05
2012-12-31 1,063.83 134.18 762.71
2012-09-30 1,063.83 134.18 762.71
  • Ausnutria Dairy's level of debt (31.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (31.9% vs 31.7% today).
  • Debt is well covered by operating cash flow (49.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 1321.1x coverage).
X
Financial health checks
We assess Ausnutria Dairy'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. Ausnutria Dairy has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

Dividends

 What is Ausnutria Dairy's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.91%
Current annual income from Ausnutria Dairy dividends. Estimated to be 1.88% next year.
If you bought HK$2,000 of Ausnutria Dairy shares you are expected to receive HK$18 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?
  • Ausnutria Dairy's pays a lower dividend yield than the bottom 25% of dividend payers in Hong Kong (2.08%).
  • Ausnutria Dairy's dividend is below the markets top 25% of dividend payers in Hong Kong (5.75%).
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:1717 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 6 Analyst Estimates (S&P Global) See Below
Hong Kong Food Industry Average Dividend Yield Market Cap Weighted Average of 31 Stocks 2.2%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 978 Stocks 3.6%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.2%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.1%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

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

SEHK:1717 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.35 4.00
2020-12-31 0.27 4.00
2019-12-31 0.20 4.00
SEHK:1717 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-05-14 0.131 0.990
2018-03-27 0.080 1.107
2017-06-01 0.040 1.175
2016-04-20 0.025 1.068
2016-03-30 0.025 1.274
2015-11-17 0.000 0.000
2015-09-08 0.000 0.000
2015-08-25 0.000 0.000
2015-04-29 0.000 0.000
2015-03-30 0.000 0.000
2014-08-04 0.000 0.000
2011-03-28 0.024 1.747
2010-04-22 0.050 1.720

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

  • Ausnutria Dairy is not paying a notable dividend for Hong Kong, therefore no need to check if the payments are stable.
  • Ausnutria Dairy is not paying a notable dividend for Hong Kong, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Ausnutria Dairy's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Ausnutria Dairy's dividends as it is not paying a notable one for Hong Kong.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.9x coverage).
X
Income/ dividend checks
We assess Ausnutria Dairy'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 Ausnutria Dairy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Ausnutria Dairy has a total score of 1/6, see the detailed checks below.


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

Management

 What is the CEO of Ausnutria Dairy'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
Bart van der Meer
COMPENSATION CN¥2,145,000
AGE 73
TENURE AS CEO 6.1 years
CEO Bio

Mr. Bartle van der Meer, also known as Bart, has been Director of PMH Investments B.V. since 1994. He has been the Chief Executive Officer of Ausnutria Dairy Corporation Ltd. since June 07, 2013. Mr. van der Meer is a Co-Founder of Ausnutria Hyproca and has been its Chief Executive Officer since 2012. He indirectly held equity interests in Ausnutria Hyproca and has been involved in the strategic management since the establishment of Ausnutria Hyproca in 1994. He served as the Executive Director at PMH Investments. He served at Rabobank. Mr. van der Meer has been the Chairman of Supervisory Board at sc Heerenveen NV since 1998. He has been a Member of Foundation Accell Group since 1998. He has been Executive Director of Vegelin Group B.V. since 1994; Ausnutria Dairy Corporation Ltd. since June 07, 2013 and Ausnutria Hyproca since 2012. Mr. van der Meer graduated with a Business Administration degree in the Netherlands with a major in Banking in 1966.

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

Average tenure and age of the Ausnutria Dairy management team in years:

6.1
Average Tenure
50
Average Age
  • The average tenure for the Ausnutria Dairy management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Weibin Yan

TITLE
Co-Founder & Executive Chairman
COMPENSATION
CN¥2M
AGE
53

Bart van der Meer

TITLE
CEO & Executive Director
COMPENSATION
CN¥2M
AGE
73
TENURE
6.1 yrs

Siu Hung Ng

TITLE
Executive Director
COMPENSATION
CN¥2M
AGE
50

Derek Wong

TITLE
CFO & Company Secretary
AGE
47
TENURE
7.8 yrs

Zhiyong Dai

TITLE
Vice Chairman and Chief Quality Officer - Ausnutria Institution of Food & Nutrition
AGE
44

Yuehui Liu

TITLE
Chief Supervisor
AGE
56

Shenhui Deng

TITLE
Chief Operation Officer of Group - PRC Region
AGE
45

Alfred Haandrikman

TITLE
Global Chief Scientific Officer of Ausnutria B.V.
AGE
61

Li Dai

TITLE
Consultant
COMPENSATION
CN¥24K
AGE
37
TENURE
5.3 yrs
Board of Directors Tenure

Average tenure and age of the Ausnutria Dairy board of directors in years:

4.5
Average Tenure
51.5
Average Age
  • The tenure for the Ausnutria Dairy board of directors is about average.
Board of Directors

Bart van der Meer

TITLE
CEO & Executive Director
COMPENSATION
CN¥2M
AGE
73
TENURE
6.1 yrs

Liang Shi

TITLE
Vice-Chairman
COMPENSATION
CN¥18K
AGE
35
TENURE
0.6 yrs

Weibin Yan

TITLE
Co-Founder & Executive Chairman
COMPENSATION
CN¥2M
AGE
53
TENURE
6.1 yrs

Siu Hung Ng

TITLE
Executive Director
COMPENSATION
CN¥2M
AGE
50
TENURE
9.8 yrs

Zhiyong Dai

TITLE
Vice Chairman and Chief Quality Officer - Ausnutria Institution of Food & Nutrition
AGE
44

Douglas Lau

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥275K
AGE
46
TENURE
4.5 yrs

Jason Wan

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥226K
AGE
55
TENURE
9.8 yrs

Chang-Hai Tsai

TITLE
Non-Executive Director
COMPENSATION
CN¥216K
AGE
70
TENURE
3.5 yrs

Baijun Qiao

TITLE
Non-Executive Director
COMPENSATION
CN¥18K
AGE
48
TENURE
0.6 yrs

Aidan Maurice Coleman

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥21K
AGE
63
TENURE
0.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
31. Oct 18 Buy CITIC Agri Fund Management Co., Ltd. Company 25. Oct 18 25. Oct 18 249,000,000 HK$5.18 HK$1,289,820,265
16. Oct 18 Buy Dutch Dairy Investments B.V. Company 11. Oct 18 11. Oct 18 200,000 HK$7.45 HK$1,489,999
X
Management checks
We assess Ausnutria Dairy'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. Ausnutria Dairy has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


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

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

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

News

Simply Wall St News

Is Ausnutria Dairy Corporation Ltd (HKG:1717) Undervalued After Accounting For Its Future Growth?

Ausnutria Dairy Corporation Ltd (HKG:1717) is considered a high growth stock. … What can we expect from Ausnutria Dairy in the future. … Ausnutria Dairy is poised for extremely high earnings growth in the near future

Simply Wall St -

Ausnutria Dairy Corporation Ltd (HKG:1717) Delivered A Better ROE Than The Industry, Here’s Why

and want to start learning about core concepts of fundamental analysis on practical examples from today's market. … Sustainability can be gauged by a company’s financial leverage – the more debt it has, the higher ROE is pumped up in the short term, at the expense of long term interest payment burden. … Check out our latest analysis for Ausnutria Dairy

Simply Wall St -

Is Ausnutria Dairy Corporation Ltd (HKG:1717) A Financially Sound Company?

While small-cap stocks, such as Ausnutria Dairy Corporation Ltd (HKG:1717) with its market cap of CN¥12.48b, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Evaluating financial health as part of your investment thesis is. … Here are few basic financial health checks you should consider before taking the plunge.

Simply Wall St -

Interested In Consumer Staples? Take A Look At Ausnutria Dairy Corporation Ltd (HKG:1717)

is a consumer staples company operating in an industry. … However, the key uncertainty facing the food product industry specifically is around the change in consumer taste and growth in customer expectation from food producers … The demand is still there but the game is changing – pressure for organic, sustainably sourced, ethically traded and healthy food is growing, spurred by millennials and more conscious consumers

Simply Wall St -

Looking At Ausnutria Dairy Corporation Ltd (HKG:1717) From All Angles

Ausnutria Dairy Corporation Ltd (HKG:1717) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective. … In the case of 1717, it

Simply Wall St -

What Do Analysts Think About Ausnutria Dairy Corporation Ltd's (HKG:1717) Future Margins?

As analysts expect … Ausnutria Dairy Corporation Ltd (HKG:1717) to … earnings growth of 38.91% annualised

Simply Wall St -

An Intrinsic Calculation For Ausnutria Dairy Corporation Ltd (HKG:1717) Shows It's 25.53% Undervalued

I am going to run you through how I calculated the intrinsic value of Ausnutria Dairy Corporation Ltd (HKG:1717). … by taking the expected future cash flows and discounting them to their present value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model

Simply Wall St -

Is Ausnutria Dairy Corporation Ltd's (HKG:1717) PE Ratio A Signal To Sell For Investors?

and want to begin learning the link between Ausnutria Dairy Corporation Ltd (HKG:1717)’s fundamentals and stock market performance. … Ausnutria Dairy Corporation Ltd (HKG:1717) trades with a trailing P/E of 27.5x, which is higher than the industry average of 16.6x. … While 1717 might seem like a stock to avoid or sell if you own it, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions

Simply Wall St -

Was Ausnutria Dairy Corporation Ltd's (HGK:1717) Earnings Growth Better Than The Industry's?

Today I will examine Ausnutria Dairy Corporation Ltd's (HGK:1717) latest earnings update (31 March 2018) and compare these figures against its performance over the past couple of years, in addition to how the rest of 1717's industry performed. … Commentary On 1717's Past Performance. … 1717's trailing twelve-month earnings (from 31 March 2018) of HK$347.07m has

Simply Wall St -

Is There Now An Opportunity In Ausnutria Dairy Corporation Ltd (HKG:1717)?

Let’s take a look at Ausnutria Dairy’s outlook and value based on the most recent financial data to see if the opportunity still exists. … According to my valuation model, Ausnutria Dairy seems to be fairly priced at around 8.84% below my intrinsic value, which means if you buy Ausnutria Dairy today, you’d be paying a reasonable price for it. … In addition to this, it seems like Ausnutria Dairy’s share price is quite stable, which could mean there may be less chances to buy low in the future now that it’s fairly valued.

Simply Wall St -

Company Info

Description

Ausnutria Dairy Corporation Ltd, an investment holding company, primarily engages in the research and development, milk collection, processing, production, packaging, marketing, and distribution of infant formula and other dairy products. The company operates in two segments, Dairy and Related Products, and Nutrition Products. It offers cow milk based formula products under the Allnutria, Hyproca Bio-Science, Puredo, Mygood, and Eurlate brand names; and goat milk based infant formula products under the Kabrita brand. The company also produces formula milk powder products on an OEM basis. In addition, it engages in the research and development, manufacturing, packaging, marketing, and distribution of complementary medicine, and nutritional and health care products under the Nutrition Care and Brighthope brand names, as well as provision of contract manufacturing services. The company operates in the People's Republic of China, the Netherlands, Australia, New Zealand, the Middle East, North America, Russia and the Commonwealth of Independent States, and internationally. Ausnutria Dairy Corporation Ltd was founded in 2003 and is based in Central, Hong Kong.

Details
Name: Ausnutria Dairy Corporation Ltd
1717
Exchange: SEHK
Founded: 2003
HK$26,371,003,921
1,607,988,044
Website: http://www.ausnutria.com.hk
Address: Ausnutria Dairy Corporation Ltd
Unit 16, China Merchants Tower,
36th Floor,
Central,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1717 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 08. Oct 2009
DB 6AH Ordinary Shares Deutsche Boerse AG DE EUR 08. Oct 2009
SHSC 1717 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 08. Oct 2009
SZSC 1717 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 08. Oct 2009
Number of employees
Current staff
Staff numbers
3,803
Ausnutria Dairy employees.
Industry
Packaged Foods and Meats
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/17 12:50
End of day share price update: 2019/07/17 00:00
Last estimates confirmation: 2019/06/26
Last earnings filing: 2019/05/14
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.