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China Starch Holdings

SEHK:3838
Snowflake Description

Flawless balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
3838
SEHK
HK$971M
Market Cap
  1. Home
  2. HK
  3. Food, Beverage & Tobacco
Company description

China Starch Holdings Limited, an investment holding company, manufactures and sells cornstarch, lysine, starch-based sweetener, modified starch, and ancillary corn-based and corn-refined products in the People’s Republic of China. The last earnings update was 76 days ago. More info.


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  • China Starch Holdings has significant price volatility in the past 3 months.
3838 Share Price and Events
7 Day Returns
0%
SEHK:3838
1.2%
HK Food
3.9%
HK Market
1 Year Returns
-28.3%
SEHK:3838
-0.7%
HK Food
-8.1%
HK Market
3838 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
China Starch Holdings (3838) 0% -8.5% -21.7% -28.3% 6.6% -9%
HK Food 1.2% 3.5% 2.6% -0.7% 42.6% -15.2%
HK Market 3.9% 3.5% -3.7% -8.1% 24.6% 7.1%
1 Year Return vs Industry and Market
  • 3838 underperformed the Food industry which returned -0.7% over the past year.
  • 3838 underperformed the Market in Hong Kong which returned -8.1% over the past year.
Price Volatility
3838
Industry
5yr Volatility vs Market

Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for China Starch Holdings. This is due to cash flow or dividend data being unavailable. The share price is HK$0.162.
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 China Starch Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are China Starch Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:3838 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥0.04
SEHK:3838 Share Price ** SEHK (2019-06-25) in HKD HK$0.16
SEHK:3838 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.881 CN¥0.14
Hong Kong Food Industry PE Ratio Median Figure of 40 Publicly-Listed Food Companies 15.6x
Hong Kong Market PE Ratio Median Figure of 1,487 Publicly-Listed Companies 10.8x

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

** Primary Listing of China Starch Holdings.

SEHK:3838 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:3838 Share Price ÷ EPS (both in CNY)

= 0.14 ÷ 0.04

3.71x

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

  • China Starch Holdings is good value based on earnings compared to the HK Food industry average.
  • China Starch Holdings is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does China Starch Holdings's expected growth come at a high price?
Raw Data
SEHK:3838 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 3.71x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
6.4%per year
Hong Kong Food Industry PEG Ratio Median Figure of 19 Publicly-Listed Food Companies 1.76x
Hong Kong Market PEG Ratio Median Figure of 470 Publicly-Listed Companies 0.78x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for China Starch Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on China Starch Holdings's assets?
Raw Data
SEHK:3838 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥0.46
SEHK:3838 Share Price * SEHK (2019-06-25) in HKD HK$0.16
SEHK:3838 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.881 CN¥0.14
Hong Kong Food Industry PB Ratio Median Figure of 56 Publicly-Listed Food Companies 0.78x
Hong Kong Market PB Ratio Median Figure of 2,172 Publicly-Listed Companies 0.94x
SEHK:3838 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:3838 Share Price ÷ Book Value per Share (both in CNY)

= 0.14 ÷ 0.46

0.31x

* Primary Listing of China Starch Holdings.

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

  • China Starch Holdings is good value based on assets compared to the HK Food industry average.
X
Value checks
We assess China Starch Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Food industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Food industry average (and greater than 0)? (1 check)
  5. China Starch Holdings has a total score of 3/6, 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 China Starch Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover China Starch Holdings, future earnings growth has been estimated based on fundamentals.
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
6.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is China Starch Holdings expected to grow at an attractive rate?
  • China Starch Holdings's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • China Starch Holdings's earnings growth is positive but not above the Hong Kong market average.
  • Unable to compare China Starch Holdings's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:3838 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:3838 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 6.4%
Hong Kong Food Industry Earnings Growth Rate Market Cap Weighted Average 15.6%
Hong Kong Food Industry Revenue Growth Rate Market Cap Weighted Average 9.6%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.1%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.4%

*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:3838 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:3838 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 5,073 50 231
2018-09-30 4,941 142 260
2018-06-30 4,808 201 290
2018-03-31 4,751 318 339
2017-12-31 4,695 466 388
2017-09-30 4,631 355
2017-06-30 4,568 634 322
2017-03-31 4,483 551 268
2016-12-31 4,398 468 214
2016-09-30 4,440 168
2016-06-30 4,482 475 123
2016-03-31 4,421 431 111

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • China Starch Holdings's earnings are expected to grow by 6.4% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if China Starch Holdings is high growth as no revenue estimate data is available.
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:3838 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from China Starch Holdings Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:3838 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 0.04
2018-09-30 0.04
2018-06-30 0.05
2018-03-31 0.06
2017-12-31 0.06
2017-09-30 0.06
2017-06-30 0.05
2017-03-31 0.04
2016-12-31 0.04
2016-09-30 0.03
2016-06-30 0.02
2016-03-31 0.02

*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.
  • Unable to establish if China Starch Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess China Starch Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
China Starch Holdings has a total score of 1/6, 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 China Starch Holdings 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 China Starch Holdings's growth in the last year to its industry (Food).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • China Starch Holdings has delivered over 20% year on year earnings growth in the past 5 years.
  • China Starch Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • China Starch Holdings's 1-year earnings growth is negative, it can't be compared to the HK Food industry average.
Earnings and Revenue History
China Starch Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from China Starch Holdings Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:3838 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 5,073.49 230.90 239.90
2018-09-30 4,940.58 260.21 236.47
2018-06-30 4,807.68 289.53 233.04
2018-03-31 4,751.11 338.85 231.00
2017-12-31 4,694.54 388.17 228.96
2017-09-30 4,631.24 355.28 221.25
2017-06-30 4,567.93 322.39 213.53
2017-03-31 4,482.89 268.04 215.27
2016-12-31 4,397.84 213.68 217.00
2016-09-30 4,439.83 168.19 236.53
2016-06-30 4,481.82 122.70 256.06
2016-03-31 4,420.96 110.79 259.05
2015-12-31 4,360.11 98.88 262.04
2015-09-30 4,140.48 87.59 251.89
2015-06-30 3,920.86 76.31 241.75
2015-03-31 4,045.32 69.52 234.93
2014-12-31 4,169.79 62.73 228.12
2014-09-30 4,152.64 77.45 214.60
2014-06-30 4,135.49 92.18 201.08
2014-03-31 3,778.76 107.19 190.23
2013-12-31 3,422.03 122.20 179.38
2013-09-30 3,347.69 163.67 176.60
2013-06-30 3,273.34 205.14 173.81
2013-03-31 3,287.42 212.40 167.07
2012-12-31 3,301.50 219.65 160.34
2012-09-30 3,225.24 210.28 155.38
2012-06-30 3,148.97 200.91 150.43

*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.
  • China Starch Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • China Starch Holdings used its assets less efficiently than the HK Food industry average last year based on Return on Assets.
  • China Starch Holdings has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess China Starch Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Food industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
China Starch 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.

Health

 How is China Starch 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 China Starch Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • China Starch Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • China Starch Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of China Starch Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 477.4x 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 China Starch Holdings Company Filings, last reported 5 months ago.

SEHK:3838 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 2,926.34 4.43 1,122.90
2018-09-30 2,926.34 4.43 1,122.90
2018-06-30 2,794.94 4.43 1,460.69
2018-03-31 2,794.94 4.43 1,460.69
2017-12-31 2,747.02 4.43 1,493.16
2017-09-30 2,747.02 4.43 1,493.16
2017-06-30 2,468.43 4.43 961.39
2017-03-31 2,468.43 4.43 961.39
2016-12-31 2,302.30 4.43 883.83
2016-09-30 2,302.30 4.43 883.83
2016-06-30 2,180.96 4.43 526.18
2016-03-31 2,180.96 4.43 526.18
2015-12-31 2,083.08 99.43 588.32
2015-09-30 2,083.08 99.43 588.32
2015-06-30 2,053.80 316.42 453.72
2015-03-31 2,053.80 316.42 453.72
2014-12-31 2,013.84 284.43 614.57
2014-09-30 2,013.84 284.43 614.57
2014-06-30 2,006.20 374.38 732.56
2014-03-31 2,006.20 374.38 732.56
2013-12-31 1,978.81 430.69 635.20
2013-09-30 1,978.81 430.69 635.20
2013-06-30 1,942.78 207.13 723.78
2013-03-31 1,942.78 207.13 723.78
2012-12-31 1,866.30 7.09 799.27
2012-09-30 1,866.30 7.09 799.27
2012-06-30 1,727.11 10.09 801.32
  • China Starch Holdings's level of debt (0.1%) 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 (21.7% vs 0.1% today).
  • Debt is well covered by operating cash flow (1202.2%, greater than 20% of total debt).
  • China Starch Holdings earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess China Starch Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. China Starch Holdings 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 China Starch Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
7.17%
Current annual income from China Starch Holdings dividends.
If you bought HK$2,000 of China Starch Holdings shares you are expected to receive HK$143 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?
  • China Starch Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.08%).
  • China Starch Holdings's dividend is above the markets top 25% of dividend payers in Hong Kong (5.86%).
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:3838 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 0 Analyst Estimates (S&P Global) See Below
Hong Kong Food Industry Average Dividend Yield Market Cap Weighted Average of 30 Stocks 2.2%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 966 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 5.9%

Industry and Market average data is calculated daily.

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

SEHK:3838 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-03-18 0.010 6.435
2018-03-26 0.010 5.608
2017-03-15 0.006 2.799
2016-08-29 0.000 0.000
2016-08-19 0.000 0.000
2016-04-11 0.000 0.000
2016-03-21 0.000 0.000
2015-04-16 0.006 4.124
2015-03-12 0.006 3.833
2014-04-14 0.005 3.643
2014-03-21 0.005 3.316
2013-04-09 0.005 3.146
2012-03-23 0.005 2.872
2011-03-22 0.005 2.067
2010-04-23 0.005 0.874
2009-04-17 0.005 1.338

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 increased over the past 10 years.
Current Payout to shareholders
What portion of China Starch Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.7x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess China Starch Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can China Starch Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. China Starch Holdings has a total score of 4/6, 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 China Starch Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Shijun Gao
COMPENSATION CN¥528,000
AGE 50
CEO Bio

Mr. Shijun Gao serves as Chief Executive Officer of China Starch Holdings Limited. Mr. Gao is principally responsible for overseeing China Starch Holdings Limited's operations and business management. He has been General Manager of Golden Corn since May, 2005. Mr. Gao joined The Switch Factory of the Electricity Supply Company of Shouguang City as a Technician in July, 1989 and served as its Deputy Factory Manager since July, 1992. Mr. Gao left The Switch Factory of Electricity Supply Company of Shouguang City in May, 1997 and joined Golden Corn in August, 1998 and later served as the Deputy Manager of Golden Corn since January, 2000. He has been an Executive Director of China Starch Holdings Limited since September 2007. Mr. Gao has been a Director of Golden Corn since July, 2003. He also served as a Director of Golden Corn Bio-chem since its establishment up to the date of its de-registration. Mr. Gao graduated from Shandong University in 1989 with an undergraduate degree in Physics.

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

Qixiang Tian

TITLE
Chairman
COMPENSATION
CN¥480K
AGE
54

Shijun Gao

TITLE
CEO & Executive Director
COMPENSATION
CN¥528K
AGE
50

Yingquan Yu

TITLE
Executive Director
COMPENSATION
CN¥410K
AGE
49

Xianggang Liu

TITLE
Executive Director
COMPENSATION
CN¥488K
AGE
49

Siu Hong Leung

TITLE
Financial Controller and Company Secretary
AGE
42
TENURE
11.3 yrs
Board of Directors Tenure

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

11.8
Average Tenure
50
Average Age
  • The average tenure for the China Starch Holdings board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Qixiang Tian

TITLE
Chairman
COMPENSATION
CN¥480K
AGE
54

Shijun Gao

TITLE
CEO & Executive Director
COMPENSATION
CN¥528K
AGE
50
TENURE
11.8 yrs

Yingquan Yu

TITLE
Executive Director
COMPENSATION
CN¥410K
AGE
49
TENURE
12.3 yrs

Xianggang Liu

TITLE
Executive Director
COMPENSATION
CN¥488K
AGE
49
TENURE
11.8 yrs

Ken Yue

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥93K
AGE
53
TENURE
11.8 yrs

Mingdao Sun

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥50K
AGE
69
TENURE
5.8 yrs

Qiang Hua

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥50K
AGE
46
TENURE
3.1 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$) Value (HK$)
X
Management checks
We assess China Starch Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. China Starch 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.

News

Simply Wall St News

How China Starch Holdings Limited (HKG:3838) Can Impact Your Portfolio Volatility

If you own shares in China Starch Holdings Limited (HKG:3838) then it's worth thinking about how it contributes to the volatility of your portfolio, overall. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … What this means for you: It is probable that there is a link between the share price of China Starch Holdings and the broader market, since it has a beta value quite close to one.

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Should China Starch Holdings (HKG:3838) Be Disappointed With Their 39% Profit?

For example, the China Starch Holdings Limited (HKG:3838) share price is up 39% in the last three years, clearly besting than the market return of around 30% (not including dividends). … One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. … During three years of share price growth, China Starch Holdings achieved compound earnings per share growth of 33% per year.

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Does The China Starch Holdings Limited (HKG:3838) Share Price Fall With The Market?

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Before we go on, it's worth noting that Warren Buffett pointed out in his 2014 letter to shareholders that 'volatility is far from synonymous with risk.' Having said that, beta can still be rather useful.

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Should You Worry About China Starch Holdings Limited’s (HKG:3838) ROCE?

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the 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.

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Before You Buy China Starch Holdings Limited (HKG:3838), Consider Its Volatility

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Before we go on, it's worth noting that Warren Buffett pointed out in his 2014 letter to shareholders that 'volatility is far from synonymous with risk.' Having said that, beta can still be rather useful.

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Is China Starch Holdings Limited's (HKG:3838) 11% ROE Strong Compared To Its Industry?

China Starch Holdings has a ROE of 11%, based on the last twelve months. … One way to conceptualize this, is that for each HK$1 of shareholders' equity it has, the company made HK$0.11 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

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Is China Starch Holdings Limited (HKG:3838) Attractive At This PE Ratio?

China Starch Holdings Limited (HKG:3838) is currently trading at a trailing P/E of 3.8, which is lower than the industry average of 13.6. … While 3838 might seem like an attractive stock to buy, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions. … Check out our latest analysis for China Starch Holdings

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China Starch Holdings Limited's (HKG:3838) Earnings Grew 81.66%, Did It Beat Long-Term Trend?

After reading China Starch Holdings Limited's (HKG:3838) latest earnings update (31 December 2017), I found it beneficial to look back at how the company has performed in the past and compare this against the most recent numbers. … View out our latest analysis for China Starch Holdings? … 3838's trailing twelve-month earnings (from 31 December 2017) of CN¥388.17m has

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A Holistic Look At China Starch Holdings Limited (HKG:3838)

Building up an investment case requires looking at a stock holistically. … Today I've chosen to put the spotlight on China Starch Holdings Limited (HKG:3838) due to its excellent fundamentals in more than one area.

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What Kind Of Risk Should You Expect For China Starch Holdings Limited (HKG:3838)?

China Starch Holdings's beta of 0.74 indicates that the stock value will be less variable compared to the whole stock market. … 3838's beta implies it may be a stock that investors with high-beta portfolios might find relevant if they wanted to reduce their exposure to market risk, especially during times of downturns. … I examine 3838’s ratio of fixed assets to total assets to see whether the company is highly exposed to the risk of this type of constraint.

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Company Info

Description

China Starch Holdings Limited, an investment holding company, manufactures and sells cornstarch, lysine, starch-based sweetener, modified starch, and ancillary corn-based and corn-refined products in the People’s Republic of China. The company operates through two segments, Upstream Products, and Fermented and Downstream Products. It also researches, develops, manufactures, and sells food additives, feeds, amino acids, and related products. The company was incorporated in 2006 and is headquartered in Causeway Bay, Hong Kong. China Starch Holdings Limited is a subsidiary of Merry Boom Group Limited.

Details
Name: China Starch Holdings Limited
3838
Exchange: SEHK
Founded: 2006
HK$971,334,510
5,995,892,043
Website: http://www.chinastarch.com.hk
Address: China Starch Holdings Limited
Tower 1,
Times Square,
Causeway Bay,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 3838 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 27. Sep 2007
DB 46C1 Ordinary Shares Deutsche Boerse AG DE EUR 27. Sep 2007
Number of employees
Current staff
Staff numbers
2,200
China Starch Holdings employees.
Industry
Packaged Foods and Meats
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/26 01:47
End of day share price update: 2019/06/25 00:00
Last earnings filing: 2019/04/11
Last earnings reported: 2018/12/31
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.