SEHK:2023

Stock Analysis Report

China Ludao Technology

Executive Summary

China Ludao Technology Company Limited, an investment holding company, researches and develops, manufactures, and sells aerosol and related products in the People's Republic of China, Japan, Chile, Europe, the United States, and internationally.

Snowflake

Fundamentals

Acceptable track record with moderate growth potential.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0%

2023

1.3%

HK Household Products

2.2%

HK Market


1 Year Return

-11.5%

2023

16.5%

HK Household Products

-1.3%

HK Market

Return vs Industry: 2023 underperformed the Hong Kong Household Products industry which returned 16.5% over the past year.

Return vs Market: 2023 underperformed the Hong Kong Market which returned -1.3% over the past year.


Share holder returns

2023IndustryMarket
7 Day0%1.3%2.2%
30 Day-12.3%4.6%-2.9%
90 Day-8.3%9.1%-5.8%
1 Year-11.5%-11.5%18.6%16.5%2.3%-1.3%
3 Year-45.9%-45.9%61.5%53.5%15.6%3.9%
5 Year-25.9%-25.9%123.6%104.8%20.1%0.06%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

18.66x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Undervalued: Insufficient data to calculate 2023's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate 2023's fair value to establish if it is undervalued.


Price Based on Earnings

PE vs Industry: 2023 is good value based on its PE Ratio (18.7x) compared to the Household Products industry average (21x).

PE vs Market: 2023 is poor value based on its PE Ratio (18.7x) compared to the Hong Kong market (10.3x).


Price Based on Expected Growth

Low PEG Ratio: Insufficient data to calculate 2023's PEG Ratio to determine if it is good value.


Price Based on Value of Assets

PB vs Industry: 2023 is good value based on its PB Ratio (1.1x) compared to the XA Household Products industry average (1.3x).


Next Steps

Future Growth

How is China Ludao Technology expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

20.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: 2023's forecast earnings growth (20.7% per year) is above the savings rate (2%).

Earnings vs Market: 2023's earnings (20.7% per year) are forecast to grow faster than the Hong Kong market (11.2% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if 2023's revenue is forecast to grow faster than the Hong Kong market.

High Growth Revenue: Insufficient data to determine if 2023's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Estimates


Future Return on Equity

High Future ROE: Insufficient data to determine if 2023's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has China Ludao Technology performed over the past 5 years?

11.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 2023's earnings have grown by 11.5% per year over the past 5 years.

Accelerating Growth: 2023's earnings growth over the past year (7.1%) is below its 5-year average (11.5% per year).

Earnings vs Industry: 2023 earnings growth over the past year (7.1%) exceeded the Household Products industry 3.3%.


Return on Equity

High ROE: 2023's Return on Equity (5.9%) is considered low.


Return on Assets

ROA vs Industry: 2023's Return on Assets is below or equal to the Household Products industry average last year.


Return on Capital Employed

ROCE Improving: 2023 has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is China Ludao Technology's financial position?


Financial Position Analysis

Short Term Liabilities: 2023's short term assets (CN¥494.0M) exceeds its short term liabilities (CN¥393.5M)

Long Term Liabilities: 2023's short term assets (494.0M) exceeds its long term liabilities (37.2M)


Debt to Equity History and Analysis

Debt Level: 2023's debt to equity ratio (67.9%) is considered high

Reducing Debt: 2023's debt to equity ratio has increased from 7.9% to 67.9% over the past 5 years.

Debt Coverage: 2023's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 2023's interest payments on its debt are not well covered by EBIT (2.2x coverage).


Balance Sheet

Inventory Level: 2023 has a low level of unsold assets or inventory.

Debt Coverage by Assets: 2023's debt is covered by short term assets (assets are 1.813900x debt).


Next Steps

Dividend

What is China Ludao Technology's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.3%markettop25%6.3%industryaverage2.7%forecastin3Yearsn/a

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: Unable to evaluate 2023's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 2023's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if 2023's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 2023's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 2023's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

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

4.2yrs

Average board tenure


CEO

Yuerong Yu (52yo)

0yrs

Tenure

CN¥1,029,000

Compensation

Mr. Yuerong Yu is the Founder of China Ludao Technology Company Limited and serves as its Chief Executive Officer. Mr. Yu has over 20 years of extensive experience in PRC's factory operation and corporate  ...


CEO Compensation Analysis

Compensation vs. Market: Yuerong's total compensation ($USD145.17K) is about average for companies of similar size in the Hong Kong market ($USD211.63K).

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


Board Age and Tenure

4.2yrs

Average Tenure

50yo

Average Age

Experienced Board: 2023's board of directors are considered experienced (4.2 years average tenure).


Insider Trading

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


Recent Insider Transactions

BuyCN¥114,44301 Jul 19
Yuerong Yu
EntityIndividual
Role
Chief Executive Officer
Executive Chairman & CEO
Shares112,000
Max PriceCN¥1.02
BuyCN¥131,64028 Jun 19
Yuerong Yu
EntityIndividual
Role
Chief Executive Officer
Executive Chairman & CEO
Shares120,000
Max PriceCN¥1.10
BuyCN¥141,83321 Jun 19
Yuerong Yu
EntityIndividual
Role
Chief Executive Officer
Executive Chairman & CEO
Shares140,000
Max PriceCN¥1.01
BuyCN¥119,44521 Jun 19
Yuerong Yu
EntityIndividual
Role
Chief Executive Officer
Executive Chairman & CEO
Shares116,000
Max PriceCN¥1.03
BuyCN¥48,92121 Jun 19
Yuerong Yu
EntityIndividual
Role
Chief Executive Officer
Executive Chairman & CEO
Shares48,000
Max PriceCN¥1.02
BuyCN¥126,32417 Jun 19
Yuerong Yu
EntityIndividual
Role
Chief Executive Officer
Executive Chairman & CEO
Shares120,000
Max PriceCN¥1.05
BuyCN¥306,48217 Jun 19
Yuerong Yu
EntityIndividual
Role
Chief Executive Officer
Executive Chairman & CEO
Shares292,000
Max PriceCN¥1.05
BuyCN¥179,96017 Jun 19
Yuerong Yu
EntityIndividual
Role
Chief Executive Officer
Executive Chairman & CEO
Shares176,000
Max PriceCN¥1.02
BuyCN¥111,72011 Jun 19
Yuerong Yu
EntityIndividual
Role
Chief Executive Officer
Executive Chairman & CEO
Shares100,000
Max PriceCN¥1.12
BuyCN¥42,36111 Jun 19
Yuerong Yu
EntityIndividual
Role
Chief Executive Officer
Executive Chairman & CEO
Shares36,000
Max PriceCN¥1.18
BuyCN¥437,18505 Jun 19
Yuerong Yu
EntityIndividual
Role
Chief Executive Officer
Executive Chairman & CEO
Shares352,000
Max PriceCN¥1.24
BuyCN¥429,15605 Jun 19
Yuerong Yu
EntityIndividual
Role
Chief Executive Officer
Executive Chairman & CEO
Shares364,000
Max PriceCN¥1.18
BuyCN¥165,27831 May 19
Yuerong Yu
EntityIndividual
Role
Chief Executive Officer
Executive Chairman & CEO
Shares132,000
Max PriceCN¥1.25
BuyCN¥185,60731 May 19
Yuerong Yu
EntityIndividual
Role
Chief Executive Officer
Executive Chairman & CEO
Shares148,000
Max PriceCN¥1.25
BuyCN¥187,39831 May 19
Yuerong Yu
EntityIndividual
Role
Chief Executive Officer
Executive Chairman & CEO
Shares148,000
Max PriceCN¥1.27

Ownership Breakdown


Management Team

  • Xiangdong Tan (64yo)

    Deputy Chairman

    • Tenure: 2.4yrs
    • Compensation: CN¥1.03m
  • Yuerong Yu (52yo)

    Executive Chairman & CEO

    • Tenure: 0yrs
    • Compensation: CN¥1.03m
  • Yili Pan (44yo)

    Executive Director

    • Tenure: 6.1yrs
    • Compensation: CN¥127.00k
  • Yongfei Wang (44yo)

    Chief Production Officer

    • Tenure: 0yrs
  • Xiaobing Wang (45yo)

    Head of Research & Development Department and Executive Director

    • Tenure: 5.4yrs
    • Compensation: CN¥256.00k
  • Baoyuan Chen (47yo)

    CFO & Executive Director

    • Tenure: 4.2yrs
    • Compensation: CN¥202.00k
  • Ka Wai Ho (36yo)

    Company Secretary

    • Tenure: 2.8yrs

Board Members

  • Xiangdong Tan (64yo)

    Deputy Chairman

    • Tenure: 2.4yrs
    • Compensation: CN¥1.03m
  • Chris Chan (39yo)

    Independent Non-Executive Director

    • Tenure: 2.9yrs
    • Compensation: CN¥152.00k
  • Yuerong Yu (52yo)

    Executive Chairman & CEO

    • Tenure: 0yrs
    • Compensation: CN¥1.03m
  • Yili Pan (44yo)

    Executive Director

    • Tenure: 6.1yrs
    • Compensation: CN¥127.00k
  • Lianfa Ruan (65yo)

    Independent Non-Executive Director

    • Tenure: 6.1yrs
    • Compensation: CN¥142.00k
  • Xiaobing Wang (45yo)

    Head of Research & Development Department and Executive Director

    • Tenure: 5.4yrs
    • Compensation: CN¥256.00k
  • Baoyuan Chen (47yo)

    CFO & Executive Director

    • Tenure: 4.2yrs
    • Compensation: CN¥202.00k
  • Jean Yau (50yo)

    Independent Non-Executive Director

    • Tenure: 2.3yrs
    • Compensation: CN¥152.00k
  • Tingshan Tian (62yo)

    Non-Executive Director

    • Tenure: 2.3yrs
    • Compensation: CN¥203.00k

Company Information

China Ludao Technology Company Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: China Ludao Technology Company Limited
  • Ticker: 2023
  • Exchange: SEHK
  • Founded: 2002
  • Industry: Household Products
  • Sector: Household
  • Market Cap: HK$516.390m
  • Shares outstanding: 491.80m
  • Website: https://www.ludaocn.com

Number of Employees


Location

  • China Ludao Technology Company Limited
  • 5 Sanmen Industry Road
  • Sanmen Industry Zone
  • Taizhou
  • Zhejiang Province
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
2023SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDOct 2013

Biography

China Ludao Technology Company Limited, an investment holding company, researches and develops, manufactures, and sells aerosol and related products in the People's Republic of China, Japan, Chile, Europe, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 12:51
End of Day Share Price2019/10/14 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.

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