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Sinofert Holdings

SEHK:297
Snowflake Description

Mediocre balance sheet second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
297
SEHK
HK$6B
Market Cap
  1. Home
  2. HK
  3. Materials
Company description

Sinofert Holdings Limited, an investment holding company, engages in the production, import and export, distribution, and retail of fertilizer raw materials and finished products primarily in Mainland China and Macao Special Administrative Region. The last earnings update was 37 days ago. More info.


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297 Share Price and Events
7 Day Returns
-1.1%
SEHK:297
-0.2%
HK Chemicals
-1.6%
HK Market
1 Year Returns
-13.6%
SEHK:297
-28.8%
HK Chemicals
-16.6%
HK Market
297 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sinofert Holdings (297) -1.1% -11% -12.7% -13.6% -10.1% -4.3%
HK Chemicals -0.2% -9.5% -5.7% -28.8% 3.3% 10.5%
HK Market -1.6% -9.5% -5.2% -16.6% 24.8% 7.3%
1 Year Return vs Industry and Market
  • 297 outperformed the Chemicals industry which returned -28.8% over the past year.
  • 297 outperformed the Market in Hong Kong which returned -16.6% over the past year.
Price Volatility
297
Industry
5yr Volatility vs Market

297 Value

 Is Sinofert 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 Sinofert Holdings. This is due to cash flow or dividend data being unavailable. The share price is HK$0.89.
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 Sinofert Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sinofert Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:297 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥0.07
SEHK:297 Share Price ** SEHK (2019-05-22) in HKD HK$0.89
SEHK:297 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.879 CN¥0.78
Hong Kong Chemicals Industry PE Ratio Median Figure of 28 Publicly-Listed Chemicals Companies 7.98x
Hong Kong Market PE Ratio Median Figure of 1,478 Publicly-Listed Companies 11.06x

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

** Primary Listing of Sinofert Holdings.

SEHK:297 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:297 Share Price ÷ EPS (both in CNY)

= 0.78 ÷ 0.07

11.94x

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

  • Sinofert Holdings is overvalued based on earnings compared to the HK Chemicals industry average.
  • Sinofert Holdings is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Sinofert Holdings's expected growth come at a high price?
Raw Data
SEHK:297 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.94x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
10.7%per year
Hong Kong Chemicals Industry PEG Ratio Median Figure of 5 Publicly-Listed Chemicals Companies -0.78x
Hong Kong Market PEG Ratio Median Figure of 463 Publicly-Listed Companies 0.8x

*Line of best fit is calculated by linear regression .

SEHK:297 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.94x ÷ 10.7%

1.12x

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

  • Sinofert Holdings is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Sinofert Holdings's assets?
Raw Data
SEHK:297 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥1.05
SEHK:297 Share Price * SEHK (2019-05-22) in HKD HK$0.89
SEHK:297 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.879 CN¥0.78
Hong Kong Chemicals Industry PB Ratio Median Figure of 35 Publicly-Listed Chemicals Companies 0.81x
Hong Kong Market PB Ratio Median Figure of 2,157 Publicly-Listed Companies 0.97x
SEHK:297 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:297 Share Price ÷ Book Value per Share (both in CNY)

= 0.78 ÷ 1.05

0.75x

* Primary Listing of Sinofert Holdings.

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

  • Sinofert Holdings is good value based on assets compared to the HK Chemicals industry average.
X
Value checks
We assess Sinofert 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 Chemicals 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 Chemicals industry average (and greater than 0)? (1 check)
  5. Sinofert Holdings has a total score of 1/6, 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.

297 Future Performance

 How is Sinofert Holdings expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
10.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sinofert Holdings expected to grow at an attractive rate?
  • Sinofert Holdings's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • Sinofert Holdings's earnings growth is expected to exceed the Hong Kong market average.
  • Sinofert Holdings's revenue growth is positive but not above the Hong Kong market average.
Annual Growth Rates Comparison
Raw Data
SEHK:297 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:297 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 10.7%
SEHK:297 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 8.8%
Hong Kong Chemicals Industry Earnings Growth Rate Market Cap Weighted Average -2%
Hong Kong Chemicals Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average -5.7%
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:297 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:297 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 27,379 569 1
2019-12-31 25,479 532 1
SEHK:297 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 22,996 -807 460
2018-09-30 21,604 -1,406 -723
2018-06-30 20,212 -2,005 -1,906
2018-03-31 18,928 -1,708 -2,057
2017-12-31 17,644 -1,410 -2,208
2017-09-30 17,082 -799 -3,199
2017-06-30 16,520 -188 -4,191
2017-03-31 15,739 371 -4,413
2016-12-31 14,959 930 -4,636
2016-09-30 16,644 494 -2,595
2016-06-30 18,329 58 -553
2016-03-31 22,225 535 -166

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Sinofert Holdings's earnings are expected to grow by 10.7% yearly, however this is not considered high growth (20% yearly).
  • Sinofert Holdings's revenue is expected to grow by 8.8% yearly, however this is not considered high growth (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:297 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Sinofert Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:297 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.08 0.08 0.08 1.00
2019-12-31 0.08 0.08 0.08 1.00
SEHK:297 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 0.07
2018-09-30 -0.10
2018-06-30 -0.27
2018-03-31 -0.29
2017-12-31 -0.31
2017-09-30 -0.46
2017-06-30 -0.60
2017-03-31 -0.63
2016-12-31 -0.66
2016-09-30 -0.37
2016-06-30 -0.08
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.
  • Sinofert Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Sinofert 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.
Sinofert Holdings has a total score of 2/6, 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.

297 Past Performance

  How has Sinofert 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 Sinofert Holdings's growth in the last year to its industry (Chemicals).
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.
  • Sinofert Holdings's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Sinofert Holdings has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Sinofert Holdings has become profitable in the last year making it difficult to compare the HK Chemicals industry average.
Earnings and Revenue History
Sinofert 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 Sinofert Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:297 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 22,996.33 460.49 1,541.03
2018-09-30 21,604.06 -722.54 1,553.54
2018-06-30 20,211.80 -1,905.57 1,566.05
2018-03-31 18,927.80 -2,056.54 1,527.34
2017-12-31 17,643.81 -2,207.50 1,488.62
2017-09-30 17,081.71 -3,199.13 1,498.87
2017-06-30 16,519.60 -4,190.76 1,509.11
2017-03-31 15,739.35 -4,413.32 1,513.39
2016-12-31 14,959.09 -4,635.89 1,517.66
2016-09-30 16,644.11 -2,594.60 1,480.39
2016-06-30 18,329.12 -553.32 1,443.11
2016-03-31 22,225.30 -166.23 1,410.62
2015-12-31 26,121.49 220.86 1,378.12
2015-09-30 27,626.53 327.34 1,411.30
2015-06-30 29,131.57 433.82 1,444.49
2015-03-31 28,721.33 331.58 1,442.54
2014-12-31 28,311.09 229.34 1,440.59
2014-09-30 29,166.78 -230.85 1,441.47
2014-06-30 30,022.48 -691.05 1,442.35
2014-03-31 32,372.17 -583.69 1,464.98
2013-12-31 34,721.85 -476.34 1,487.62
2013-09-30 36,977.66 104.29 1,462.94
2013-06-30 39,233.47 684.93 1,438.26
2013-03-31 40,211.80 781.65 1,436.15
2012-12-31 41,190.14 878.37 1,434.04
2012-09-30 40,970.03 802.83 1,400.59
2012-06-30 40,749.92 727.28 1,367.15

*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.
  • Sinofert Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Sinofert Holdings used its assets less efficiently than the HK Chemicals industry average last year based on Return on Assets.
  • Sinofert Holdings has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Sinofert 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 Chemicals 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.
Sinofert Holdings has a total score of 1/6, 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.

297 Health

 How is Sinofert 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 Sinofert Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sinofert Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Sinofert Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Sinofert 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 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 Sinofert Holdings Company Filings, last reported 4 months ago.

SEHK:297 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 7,240.98 3,085.39 1,286.86
2018-09-30 7,240.98 3,085.39 1,286.86
2018-06-30 7,033.13 3,564.71 1,923.65
2018-03-31 7,033.13 3,564.71 1,923.65
2017-12-31 6,627.11 5,117.54 286.82
2017-09-30 6,627.11 5,117.54 286.82
2017-06-30 8,214.12 7,508.56 490.92
2017-03-31 8,214.12 7,508.56 490.92
2016-12-31 8,269.57 6,033.19 972.12
2016-09-30 8,269.57 6,033.19 972.12
2016-06-30 12,526.67 6,481.46 191.56
2016-03-31 12,526.67 6,481.46 191.56
2015-12-31 13,075.92 6,274.27 639.85
2015-09-30 13,075.92 6,274.27 639.85
2015-06-30 13,753.73 3,716.41 598.60
2015-03-31 13,753.73 3,716.41 598.60
2014-12-31 13,382.29 2,872.90 462.89
2014-09-30 13,382.29 2,872.90 462.89
2014-06-30 13,408.75 4,791.82 466.55
2014-03-31 13,408.75 4,791.82 466.55
2013-12-31 13,292.98 3,911.47 710.58
2013-09-30 13,292.98 3,911.47 710.58
2013-06-30 14,324.74 4,327.73 1,920.08
2013-03-31 14,324.74 4,327.73 1,920.08
2012-12-31 14,122.63 4,462.81 492.78
2012-09-30 14,122.63 4,462.81 492.78
2012-06-30 13,870.60 6,187.76 1,055.09
  • Sinofert Holdings's level of debt (42.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (29.5% vs 42.6% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 89.4x coverage).
X
Financial health checks
We assess Sinofert 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. Sinofert Holdings has a total score of 3/6, 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.

297 Dividends

 What is Sinofert 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
2.51%
Current annual income from Sinofert Holdings dividends. Estimated to be 1.28% next year.
If you bought HK$2,000 of Sinofert Holdings shares you are expected to receive HK$50 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?
  • Sinofert Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.08%).
  • Sinofert Holdings's dividend is below the markets top 25% of dividend payers in Hong Kong (5.8%).
Upcoming dividend payment

Purchase Sinofert Holdings before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:297 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 1 Analyst Estimates (S&P Global) See Below
Hong Kong Chemicals Industry Average Dividend Yield Market Cap Weighted Average of 24 Stocks 7%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 968 Stocks 3.7%
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 5.8%

Industry and Market average data is calculated daily.

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

SEHK:297 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.01 1.00
2019-12-31 0.01 1.00
SEHK:297 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-05-16 0.020 2.518
2019-04-15 0.020 2.365
2019-03-28 0.020 2.263
2017-09-07 0.000 0.000
2017-08-24 0.000 0.000
2017-04-21 0.000 0.000
2017-03-30 0.000 0.000
2016-05-03 0.008 0.922
2016-04-27 0.008 0.904
2016-03-31 0.008 0.892
2015-05-08 0.008 0.808
2015-03-30 0.008 0.521
2015-03-26 0.008 0.689
2014-09-02 0.000 0.000
2014-08-21 0.000 0.000
2014-04-17 0.000 0.000
2014-03-27 0.000 0.000
2013-05-09 0.018 1.790
2013-04-16 0.019 1.382
2013-03-28 0.019 1.283
2012-04-26 0.014 1.033
2012-03-22 0.014 0.885
2011-04-08 0.009 0.454
2011-03-24 0.009 0.337
2010-09-03 0.000 0.000
2010-08-26 0.000 0.000
2010-03-18 0.000 0.000

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

  • Sinofert Holdings has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Sinofert Holdings only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of Sinofert Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (8x coverage).
X
Income/ dividend checks
We assess Sinofert 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 Sinofert Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sinofert Holdings has a total score of 3/6, see the detailed checks below.


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

297 Management

 What is the CEO of Sinofert 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
Hengde Qin
COMPENSATION CN¥3,989,000
AGE 48
TENURE AS CEO 2.4 years
CEO Bio

Mr. Hengde Qin has been the Chief Executive Officer and Executive Director of Sinofert Holdings Limited since December 08, 2016. Mr. Qin serves as Chief Accountant of National Investment Resource Development Co., Ltd. He serves as an Executive Director and the legal representative of China National Seed Group Co., Ltd. Mr. Qin served as the General Manager of Sinochem International Corporation until 2016. He served as Senior Accountant, Director General and Chief Accountant of the Finance Department of Hubei Hongqi Electrician Group. Mr. Qin has been with Sinochem International Corporation (Sinochem) for more than 10 years, where he joined in 2004. He served as General Manager of the Business Development Department, Financial Controller, Vice President, Vice General Manager, Deputy General Manager, Standing Deputy General Manager and Executive Vice President at Sinochem International Corporation. He served as Senior Executive Vice President of Sinochem International Corporation from January 2013 to January 2015 and served as its Senior Vice President from February 2007 to January 2013 and Chief Financial Officer from November 2005 to January 2013. He has rich experience in strategy and investment, merger and acquisition management and finance management. From November 1991 to March 2000, Mr. Qin worked in Hubei Hongqi Cable Factory, holding various positions, including assistant to the director of the finance department, director of the finance department and deputy chief accountant. From March 2000 to September 2002, Mr. Qin served as the chief accountant of SDIC Yuanyi Industry Co., Ltd. From September 2002 to July 2004, he served as the Deputy General Manager of the investment management department of D'Long International Strategic Investment Co., Ltd. served as its General Manager of the Business Development Department. He served as Deputy General Manager of Sinochem International Corp. since December 2007. He served as the Non-Executive Chairman at GMG Global Ltd. from January 23, 2015 to November 15, 2016. He served as Non-Executive Chairman of Halcyon Agri Corporation Limited from November 15, 2016 to January 16, 2017. He serves as Director of Jiangsu Sinorg Chem Technology Co., Ltd., Jiangsu Yangnong Chemical Group Co., Ltd. Sinochem International Logistics Co., Ltd. and Sinochem International Chemicals (Hong Kong) Ltd. He served as Director of Sinochem International Corporation. He served as a Non Executive Director of GMG Global Ltd. from September 5, 2008 to November 15, 2016. He served as Director of Sinochem International (Overseas) Pte. Ltd. and Sinochem International Corp Care Co., Ltd. He graduated with Bachelor of Accounting from Nanjing University of Science & Technology. He holds bachelor's degree in accounting from the economic management department from East China Institute of Technology in 1991. From 2000 to 2002, he studied the Master of Science in Management Engineering and Industrial Engineering from Huazhong University of Science & Technology. He received EMBA from China Europe International Business School in China in 2011.

CEO Compensation
  • Hengde's compensation has increased in line with Sinofert Holdings recently becoming profitable.
  • Hengde's remuneration is higher than average for companies of similar size in Hong Kong.
Management Team Tenure

Average tenure and age of the Sinofert Holdings management team in years:

7.9
Average Tenure
48
Average Age
  • The average tenure for the Sinofert Holdings management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Hengde Qin

TITLE
CEO & Executive Director
COMPENSATION
CN¥4M
AGE
48
TENURE
2.4 yrs

Harry Yang

TITLE
Executive Director
COMPENSATION
CN¥2M
AGE
55
TENURE
13.2 yrs

Jian Gao

TITLE
Chief Financial Officer
AGE
47
TENURE
7.8 yrs

Cindy Cheung

TITLE
Company Secretary
TENURE
7.9 yrs
Board of Directors Tenure

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

10.3
Average Tenure
54.5
Average Age
  • The average tenure for the Sinofert Holdings board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Hengde Qin

TITLE
CEO & Executive Director
COMPENSATION
CN¥4M
AGE
48
TENURE
2.4 yrs

Harry Yang

TITLE
Executive Director
COMPENSATION
CN¥2M
AGE
55
TENURE
13.2 yrs

Edward Ko

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥476K
AGE
57
TENURE
19.1 yrs

Aloysius Tse

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥476K
AGE
70
TENURE
11.9 yrs

Xin Lu

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥333K
AGE
54
TENURE
4.3 yrs

Lin Yang

TITLE
Non-Executive Director
AGE
54
TENURE
8.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
23. Jan 19 Sell Xin Lu Individual 22. Jan 19 22. Jan 19 -500,000 HK$0.88 HK$-439,998
23. Jan 19 Sell Xin Lu Individual 21. Jan 19 21. Jan 19 -2,000,000 HK$0.88 HK$-1,759,997
23. Jan 19 Sell Xin Lu Individual 23. Jan 19 23. Jan 19 -1,100,000 HK$0.88 HK$-968,002
18. Jan 19 Sell Hau Yin Tse Individual 17. Jan 19 17. Jan 19 -446,000 HK$0.89 HK$-396,940
18. Jan 19 Sell Hau Yin Tse Individual 18. Jan 19 18. Jan 19 -160,000 HK$0.88 HK$-140,801
17. Jan 19 Sell Hau Yin Tse Individual 15. Jan 19 15. Jan 19 -600,000 HK$0.88 HK$-528,001
10. Jan 19 Sell Harry Yang Individual 08. Jan 19 08. Jan 19 -712,600 HK$0.87 HK$-622,030
10. Jan 19 Sell Harry Yang Individual 09. Jan 19 09. Jan 19 -288,000 HK$0.89 HK$-256,320
07. Jan 19 Sell Hau Yin Tse Individual 03. Jan 19 03. Jan 19 -410,000 HK$0.86 HK$-352,599
07. Jan 19 Sell Hau Yin Tse Individual 04. Jan 19 04. Jan 19 -438,000 HK$0.87 HK$-381,061
24. Dec 18 Buy Hau Yin Tse Individual 20. Dec 18 20. Dec 18 1,000,000 HK$0.91 HK$910,001
24. Dec 18 Buy Hau Yin Tse Individual 21. Dec 18 21. Dec 18 958,000 HK$0.90 HK$862,200
20. Dec 18 Buy Hau Yin Tse Individual 18. Dec 18 18. Dec 18 1,000,000 HK$0.91 HK$910,003
20. Dec 18 Buy Hau Yin Tse Individual 19. Dec 18 19. Dec 18 1,000,000 HK$0.92 HK$919,997
18. Dec 18 Buy Hau Yin Tse Individual 14. Dec 18 14. Dec 18 1,500,000 HK$0.90 HK$1,354,503
01. Nov 18 Buy Harry Yang Individual 01. Nov 18 01. Nov 18 500,000 HK$0.88 HK$440,000
01. Nov 18 Buy Harry Yang Individual 31. Oct 18 31. Oct 18 500,000 HK$0.86 HK$430,002
07. Sep 18 Buy Xin Lu Individual 06. Sep 18 06. Sep 18 500,000 HK$0.94 HK$470,000
05. Sep 18 Buy Xin Lu Individual 31. Aug 18 31. Aug 18 500,000 HK$0.91 HK$455,001
05. Sep 18 Buy Xin Lu Individual 05. Sep 18 05. Sep 18 3,000,000 HK$0.95 HK$2,849,993
05. Sep 18 Buy Xin Lu Individual 04. Sep 18 04. Sep 18 2,000,000 HK$0.96 HK$1,910,005
05. Sep 18 Buy Xin Lu Individual 03. Sep 18 03. Sep 18 500,000 HK$0.94 HK$470,001
X
Management checks
We assess Sinofert 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. Sinofert 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.

297 News

Simply Wall St News

Is Sinofert Holdings Limited (HKG:297) Potentially Undervalued?

saw a double-digit share price rise of over 10% in the past couple of months on the SEHK. … Less-covered, small caps sees more of an opportunity for mispricing due to the lack of information available to the public, which can be a good thing? … Today I will analyse the most recent data on Sinofert Holdings’s outlook and valuation to see if the opportunity still exists

Simply Wall St -

Can Sinofert Holdings Limited (HKG:297) Improve Its Returns?

Our data shows Sinofert Holdings has a return on equity of 6.8% for the last year. … One way to conceptualize this, is that for each HK$1 of shareholders' equity it has, the company made HK$0.068 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

If You Had Bought Sinofert Holdings (HKG:297) Stock Three Years Ago, You'd Be Sitting On A 11% Loss, Today

We regret to report that long term Sinofert Holdings Limited (HKG:297) shareholders have had that experience, with the share price dropping 11% in three years, versus a market return of about 42%. … Sinofert Holdings isn't a profitable company, so it is unlikely we'll see a strong correlation between its share price and its earnings per share (EPS). … With revenue in decline, the share price decline of 3.7% per year is hardly undeserved.

Simply Wall St -

How Sinofert Holdings Limited (HKG:297) Can Impact Your Portfolio 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. … The first thing to understand about beta is that the beta of the overall market is one.

Simply Wall St -

How Much Of Sinofert Holdings Limited (HKG:297) Do Institutions Own?

If you want to know who really controls Sinofert Holdings Limited (HKG:297), then you'll have to look at the makeup of its share registry. … Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … With a market capitalization of HK$6.5b, Sinofert Holdings is a decent size, so it is probably on the radar of institutional investors.

Simply Wall St -

How Much Are Sinofert Holdings Limited (HKG:297) Insiders Spending On Buying Shares?

We often see insiders buying up shares in companies that perform well over the long term. … So before you buy or sell Sinofert Holdings Limited (HKG:297), you may well want to know whether insiders have been buying or selling. … The Last 12 Months Of Insider Transactions At Sinofert Holdings.

Simply Wall St -

Sinofert Holdings Limited (HKG:297): Time For A Financial Health Check

Investors are always looking for growth in small-cap stocks like Sinofert Holdings Limited (HKG:297), with a market cap of HK$6.3b. … However, an important fact which most ignore is: how financially healthy is the business? … the current state of its operations and pathway to profitability.

Simply Wall St -

Is Now The Time To Look At Buying Sinofert Holdings Limited (HKG:297)?

This high level of volatility gives investors the opportunity to enter into the stock, and potentially buy at an artificially low price? … A question to answer is whether Sinofert Holdings's current trading price of HK$0.88 reflective of the actual value of the? … Let’s take a look at Sinofert Holdings’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

Should You Be Holding Sinofert Holdings Limited (HKG:297) Right Now?

If you're interested in Sinofert Holdings Limited (HKG:297), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

Are Sinofert Holdings Limited's (HKG:297) Interest Costs Too High?

Investors are always looking for growth in small-cap stocks like Sinofert Holdings Limited (HKG:297), with a market cap of CN¥6.46b. … However, an important fact which most ignore is: how financially healthy is the business? … the current state of its operations and pathway to profitability.

Simply Wall St -

297 Company Info

Description

Sinofert Holdings Limited, an investment holding company, engages in the production, import and export, distribution, and retail of fertilizer raw materials and finished products primarily in Mainland China and Macao Special Administrative Region. The company operates through Basic Fertilizers, Distribution, and Production segments. It offers potash, nitrogen, and compound fertilizers, as well as phosphate and monocalcium/dicalcium phosphate. The company also provides technological research and development, and services relating to the fertilizer business and products; trades in pesticides and fertilizers; develops agriculture products; and manufactures and sells textiles and feed stuffs. In addition, it engages in the exploration and exploitation of phosphate mine. The company is based in Wan Chai, Hong Kong. Sinofert Holdings Limited is a subsidiary of Sinochem Hong Kong (Group) Company Limited.

Details
Name: Sinofert Holdings Limited
297
Exchange: SEHK
Founded:
HK$6,181,521,045
7,024,455,733
Website: http://www.sinofert.com
Address: Sinofert Holdings Limited
Convention Plaza,
Units 4705, Office Tower,
Wan Chai,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 297 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 11. Feb 2000
OTCPK SNFR.F Ordinary Shares Pink Sheets LLC US USD 11. Feb 2000
DB WCQ1 Ordinary Shares Deutsche Boerse AG DE EUR 11. Feb 2000
SHSC 297 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 11. Feb 2000
SZSC 297 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 11. Feb 2000
OTCPK SNFR.Y UNSPONSORED ADR Pink Sheets LLC US USD 06. Nov 2008
Number of employees
Current staff
Staff numbers
5,605
Sinofert Holdings employees.
Industry
Fertilizers and Agricultural Chemicals
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/22 12:43
End of day share price update: 2019/05/22 00:00
Last estimates confirmation: 2019/05/09
Last earnings filing: 2019/04/15
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.