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

Solid track record and slightly overvalued.

Risks

  • China Ludao Technology has significant price volatility in the past 3 months.
  • China Ludao Technology is not covered by any analysts.

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

-2.0%

SEHK:2023

-0.5%

HK Household Products

1.9%

HK Market


1 Year Return

-18.7%

SEHK:2023

5.9%

HK Household Products

-10.4%

HK Market

2023 underperformed the Household Products industry which returned 5.9% over the past year.

2023 underperformed the Market in Hong Kong which returned -10.4% over the past year.


Share holder returns

2023IndustryMarket
7 Day-2.0%-0.5%1.9%
30 Day-4.8%-3.6%-6.8%
90 Day-18.7%7.5%-4.2%
1 Year-18.7%-18.7%8.0%5.9%-7.2%-10.4%
3 Year-49.5%-49.5%99.0%90.5%15.3%3.9%
5 Year-1.0%-1.0%147.5%128.4%10.1%-8.1%

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?

19.03x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for China Ludao Technology to establish if it is available at moderate discount.

Unable to calculate intrinsic value for China Ludao Technology to establish if it is available at substantial discount.


Price Based on Earnings

China Ludao Technology is good value based on earnings compared to the Asia Household Products industry average.

China Ludao Technology is overvalued based on earnings compared to the Hong Kong market.


Price Based on Expected Growth

Unable to calculate PEG ratio for China Ludao Technology, we can't assess if its growth is good value.


Price Based on Value of Assets

China Ludao Technology is good value based on assets compared to the HK Household Products industry average.


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?

14.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if China Ludao Technology is high growth as no revenue estimate data is available.

China Ludao Technology's earnings are expected to grow by 14% yearly, however this is not considered high growth (20% yearly).

Unable to compare China Ludao Technology's revenue growth to the Hong Kong market average as no estimate data is available.

China Ludao Technology's earnings growth is expected to exceed the Hong Kong market average.

China Ludao Technology's earnings growth is expected to exceed the low risk savings rate of 2%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if China Ludao Technology will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

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

6.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

China Ludao Technology's year on year earnings growth rate has been positive over the past 5 years.

China Ludao Technology's 1-year earnings growth exceeds its 5-year average (6.4% vs 6%)

China Ludao Technology's earnings growth has exceeded the Asia Household Products industry average in the past year (6.4% vs -10.8%).


Return on Equity

China Ludao Technology has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

China Ludao Technology used its assets more efficiently than the Asia Household Products industry average last year based on Return on Assets.


Return on Capital Employed

China Ludao Technology has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is China Ludao Technology's financial position?


Financial Position Analysis

China Ludao Technology is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

China Ludao Technology's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

China Ludao Technology's level of debt (66.8%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (5.5% vs 66.8% today).

Operating cash flow is negative therefore debt is not well covered.

Interest payments on debt are not well covered by earnings (EBIT is 2.2x annual interest expense, ideally 3x coverage).


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 1.8x debt.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

Unable to evaluate China Ludao Technology's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate China Ludao Technology's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as China Ludao Technology has not reported any payouts.

Unable to verify if China Ludao Technology's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as China Ludao Technology has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


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?

4.0yrs

Average board tenure


CEO

Yuerong Yu (52yo)

0.0yrs

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

Yuerong's remuneration is lower than average for companies of similar size in Hong Kong.

Yuerong's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.


Board Age and Tenure

4.0yrs

Average Tenure

50yo

Average Age

The tenure for the China Ludao Technology board of directors is about average.


Insider Trading

More shares have been bought than sold by China Ludao Technology individual insiders 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¥179,96017 Jun 19
Yuerong Yu
EntityIndividual
Role
Chief Executive Officer
Executive Chairman & CEO
Shares176,000
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¥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: 2.3yrs
    • Compensation: CN¥1.03m
  • Yuerong Yu (52yo)

    Executive Chairman & CEO

    • Tenure: 0.0yrs
    • Compensation: CN¥1.03m
  • Yili Pan (44yo)

    Executive Director

    • Tenure: 5.9yrs
    • Compensation: CN¥127.00k
  • Yongfei Wang (44yo)

    Chief Production Officer

    • Tenure: 0.0yrs
  • Xiaobing Wang (45yo)

    Head of Research & Development Department and Executive Director

    • Tenure: 5.3yrs
    • Compensation: CN¥256.00k
  • Baoyuan Chen (47yo)

    CFO & Executive Director

    • Tenure: 4.0yrs
    • Compensation: CN¥202.00k
  • Ka Wai Ho (36yo)

    Company Secretary

    • Tenure: 2.6yrs

Board Members

  • Xiangdong Tan (64yo)

    Deputy Chairman

    • Tenure: 2.3yrs
    • Compensation: CN¥1.03m
  • Chris Chan (39yo)

    Independent Non-Executive Director

    • Tenure: 2.8yrs
    • Compensation: CN¥152.00k
  • Yuerong Yu (52yo)

    Executive Chairman & CEO

    • Tenure: 0.0yrs
    • Compensation: CN¥1.03m
  • Yili Pan (44yo)

    Executive Director

    • Tenure: 5.9yrs
    • Compensation: CN¥127.00k
  • Lianfa Ruan (65yo)

    Independent Non-Executive Director

    • Tenure: 5.9yrs
    • Compensation: CN¥142.00k
  • Xiaobing Wang (45yo)

    Head of Research & Development Department and Executive Director

    • Tenure: 5.3yrs
    • Compensation: CN¥256.00k
  • Baoyuan Chen (47yo)

    CFO & Executive Director

    • Tenure: 4.0yrs
    • Compensation: CN¥202.00k
  • Jean Yau (50yo)

    Independent Non-Executive Director

    • Tenure: 2.1yrs
    • Compensation: CN¥152.00k
  • Tingshan Tian (62yo)

    Non-Executive Director

    • Tenure: 2.1yrs
    • 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$491.800m
  • 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 Analysis2019/08/25 12:51
End of Day Share Price2019/08/23 00:00
Earnings2018/12/31
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.