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6186

China Feihe SEHK:6186 Stock Report

Last Price

HK$7.03

Market Cap

HK$62.5b

7D

1.6%

1Y

-68.5%

Updated

19 May, 2022

Data

Company Financials +
6186 fundamental analysis
Snowflake Score
Valuation5/6
Future Growth3/6
Past Performance2/6
Financial Health6/6
Dividends3/6

6186 Stock Overview

China Feihe Limited, an investment holding company, produces and sells infant milk formula products in Mainland China and the United States.

China Feihe Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for China Feihe
Historical stock prices
Current Share PriceHK$7.03
52 Week HighHK$22.35
52 Week LowHK$6.77
Beta-0.20
1 Month Change-6.64%
3 Month Change-34.30%
1 Year Change-68.55%
3 Year Changen/a
5 Year Changen/a
Change since IPO-5.51%

Recent News & Updates

May 15
Returns on Capital Paint A Bright Future For China Feihe (HKG:6186)

Returns on Capital Paint A Bright Future For China Feihe (HKG:6186)

What trends should we look for it we want to identify stocks that can multiply in value over the long term? In a...

Shareholder Returns

6186HK FoodHK Market
7D1.6%0.7%2.1%
1Y-68.5%-30.0%-25.1%

Return vs Industry: 6186 underperformed the Hong Kong Food industry which returned -29% over the past year.

Return vs Market: 6186 underperformed the Hong Kong Market which returned -24.3% over the past year.

Price Volatility

Is 6186's price volatile compared to industry and market?
6186 volatility
6186 Average Weekly Movement7.7%
Food Industry Average Movement7.1%
Market Average Movement8.0%
10% most volatile stocks in HK Market15.1%
10% least volatile stocks in HK Market3.9%

Stable Share Price: 6186 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: 6186's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19629,091You-Bin Lenghttps://www.feihe.com

China Feihe Limited, an investment holding company, produces and sells infant milk formula products in Mainland China and the United States. The company offers a range of raw milk, adult milk powders, liquid milk products and health care products, as well as soybean powder and goat milk powder. It is also involved in the retail of vitamins, minerals, herbs, and other nutritional supplements.

China Feihe Fundamentals Summary

How do China Feihe's earnings and revenue compare to its market cap?
6186 fundamental statistics
Market CapCN¥53.79b
Earnings (TTM)CN¥6.87b
Revenue (TTM)CN¥22.78b

7.8x

P/E Ratio

2.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
6186 income statement (TTM)
RevenueCN¥22.78b
Cost of RevenueCN¥6.77b
Gross ProfitCN¥16.01b
Other ExpensesCN¥9.14b
EarningsCN¥6.87b

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.77
Gross Margin70.28%
Net Profit Margin30.17%
Debt/Equity Ratio4.2%

How did 6186 perform over the long term?

See historical performance and comparison

Dividends

6.5%

Current Dividend Yield

50%

Payout Ratio

Does 6186 pay a reliable dividends?

See 6186 dividend history and benchmarks
When do you need to buy 6186 by to receive an upcoming dividend?
China Feihe dividend dates
Ex Dividend DateOct 06 2022
Dividend Pay DateOct 20 2022
Days until Ex dividend139 days
Days until Dividend pay date153 days

Does 6186 pay a reliable dividends?

See 6186 dividend history and benchmarks

Valuation

Is China Feihe undervalued compared to its fair value and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: 6186 (HK$7.03) is trading below our estimate of fair value (HK$39.31)

Significantly Below Fair Value: 6186 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 6186 is good value based on its PE Ratio (7.8x) compared to the Hong Kong Food industry average (10.7x).

PE vs Market: 6186 is good value based on its PE Ratio (7.8x) compared to the Hong Kong market (8.8x).


Price to Earnings Growth Ratio

PEG Ratio: 6186 is good value based on its PEG Ratio (0.8x)


Price to Book Ratio

PB vs Industry: 6186 is overvalued based on its PB Ratio (2.6x) compared to the HK Food industry average (0.8x).


Future Growth

How is China Feihe forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


10.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 6186's forecast earnings growth (10.4% per year) is above the savings rate (1.5%).

Earnings vs Market: 6186's earnings (10.4% per year) are forecast to grow slower than the Hong Kong market (14.7% per year).

High Growth Earnings: 6186's earnings are forecast to grow, but not significantly.

Revenue vs Market: 6186's revenue (12.4% per year) is forecast to grow faster than the Hong Kong market (9.9% per year).

High Growth Revenue: 6186's revenue (12.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 6186's Return on Equity is forecast to be high in 3 years time (27.5%)


Past Performance

How has China Feihe 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


37.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 6186 has a high level of non-cash earnings.

Growing Profit Margin: 6186's current net profit margins (30.2%) are lower than last year (40%).


Past Earnings Growth Analysis

Earnings Trend: 6186's earnings have grown significantly by 37.4% per year over the past 5 years.

Accelerating Growth: 6186's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 6186 had negative earnings growth (-7.6%) over the past year, making it difficult to compare to the Food industry average (3.6%).


Return on Equity

High ROE: 6186's Return on Equity (30.9%) is considered high.


Financial Health

How is China Feihe's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 6186's short term assets (CN¥20.0B) exceed its short term liabilities (CN¥6.9B).

Long Term Liabilities: 6186's short term assets (CN¥20.0B) exceed its long term liabilities (CN¥2.1B).


Debt to Equity History and Analysis

Debt Level: 6186 has more cash than its total debt.

Reducing Debt: 6186's debt to equity ratio has reduced from 22.5% to 4.2% over the past 5 years.

Debt Coverage: 6186's debt is well covered by operating cash flow (729.5%).

Interest Coverage: 6186 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is China Feihe current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


6.50%

Current Dividend Yield

Upcoming Dividend Payment

TodayMay 20 2022Ex Dividend DateOct 06 2022Dividend Pay DateOct 20 202214 days from Ex DividendBuy in the next 139 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: 6186's dividend (6.5%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.83%).

High Dividend: 6186's dividend (6.5%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.78%).


Stability and Growth of Payments

Stable Dividend: 6186 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 6186's dividend payments have increased, but the company has only paid a dividend for 2 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (49.8%), 6186's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (72.9%), 6186's dividend payments are covered by cash flows.


Discover strong dividend paying companies

Management

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

8.9yrs

Average management tenure


CEO

You-Bin Leng (56 yo)

9.33yrs

Tenure

CN¥16,913,000

Compensation

Mr. You-Bin Leng has been the Chief Executive Officer, President and Chairman at Feihe International, Inc. since May 7, 2003. Mr. Leng serves as Chairman and Chief executive Officer at China Feihe Limited...


CEO Compensation Analysis

Compensation vs Market: You-Bin's total compensation ($USD2.50M) is above average for companies of similar size in the Hong Kong market ($USD538.09K).

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


Leadership Team

Experienced Management: 6186's management team is seasoned and experienced (8.9 years average tenure).


Board Members

Experienced Board: 6186's board of directors are considered experienced (8.9 years average tenure).


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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

China Feihe Limited's employee growth, exchange listings and data sources


Key Information

  • Name: China Feihe Limited
  • Ticker: 6186
  • Exchange: SEHK
  • Founded: 1962
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Implied Market Cap: HK$62.519b
  • Shares outstanding: 8.89b
  • Website: https://www.feihe.com

Number of Employees


Location

  • China Feihe Limited
  • Star City International Building
  • C-16th Floor
  • Beijing
  • 100016
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/19 00:00
End of Day Share Price2022/05/19 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.