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China Oriental Group

SEHK:581
Snowflake Description

Flawless balance sheet with outstanding track record and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
581
SEHK
HK$20B
Market Cap
  1. Home
  2. HK
  3. Materials
Company description

China Oriental Group Company Limited, an investment holding company, manufactures and sells iron and steel products for downstream steel manufacturers in the People’s Republic of China. The last earnings update was 150 days ago. More info.


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581 Share Price and Events
7 Day Returns
7.7%
SEHK:581
7.1%
HK Metals and Mining
4%
HK Market
1 Year Returns
-15.1%
SEHK:581
-28.5%
HK Metals and Mining
-10.7%
HK Market
581 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
China Oriental Group (581) 7.7% 5.4% -1.4% -15.1% - 428.2%
HK Metals and Mining 7.1% 16.7% 13.4% -28.5% 39.5% 31.3%
HK Market 4% 7.9% 10.4% -10.7% 37.6% 16.4%
1 Year Return vs Industry and Market
  • 581 outperformed the Metals and Mining industry which returned -28.5% over the past year.
  • 581 underperformed the Market in Hong Kong which returned -10.7% over the past year.
Price Volatility
581
Industry
5yr Volatility vs Market

Value

 Is China Oriental Group 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
Here we compare the current share price of China Oriental Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data    Our calculation method for this is changing soon.

Below are the data sources, inputs and calculation used to determine the intrinsic value for China Oriental Group.

SEHK:581 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.4%
Perpetual Growth Rate 10-Year HK Government Bond Rate 2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SEHK:581
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 8%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 0.65
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.649 (1 + (1- 25%) (10.96%))
0.702
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (0.8 * 8%)
8.4%

Discounted Cash Flow Calculation for SEHK:581 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for China Oriental Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

SEHK:581 DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (CNY, Millions) 2,600.00 2,552.50 2,676.75 2,807.05 2,943.69
Source Analyst x2 Analyst x2 Est @ 4.87% Est @ 4.87% Est @ 4.87%
Present Value
Discounted (@ 8.4%)
2,398.51 2,172.21 2,101.42 2,032.93 1,966.68
Present value of next 5 years cash flows CN¥10,671.76
SEHK:581 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= CN¥2,943.69 × (1 + 2%) ÷ (8.4% – 2%)
CN¥46,934.07
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= CN¥46,934.07 ÷ (1 + 8.4%)5
CN¥31,356.66
SEHK:581 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= CN¥10,671.76 + CN¥31,356.66
CN¥42,028.42
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥42,028.42 / 3,722.57
CN¥11.29
SEHK:581 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:581)
1.169
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥11.29 x 1.169
HK$13.2
Value per share (HKD) From above. HK$13.20
Current discount Discount to share price of HK$5.44
= -1 x (HK$5.44 - HK$13.20) / HK$13.20
58.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price China Oriental Group is available for.
Intrinsic value
>50%
Share price is HK$5.44 vs Future cash flow value of HK$13.2
Current Discount Checks
For China Oriental Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • China Oriental Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • China Oriental Group's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Oriental Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are China Oriental Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:581 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in CNY CN¥1.65
SEHK:581 Share Price ** SEHK (2019-02-22) in HKD HK$5.44
SEHK:581 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.855 CN¥4.65
Hong Kong Metals and Mining Industry PE Ratio Median Figure of 38 Publicly-Listed Metals and Mining Companies 7.73x
Hong Kong Market PE Ratio Median Figure of 1,481 Publicly-Listed Companies 10.91x

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

** Primary Listing of China Oriental Group.

SEHK:581 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:581 Share Price ÷ EPS (both in CNY)

= 4.65 ÷ 1.65

2.82x

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

  • China Oriental Group is good value based on earnings compared to the HK Metals and Mining industry average.
  • China Oriental Group is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does China Oriental Group's expected growth come at a high price?
Raw Data
SEHK:581 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 2.82x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
-16.7%per year
Hong Kong Metals and Mining Industry PEG Ratio Median Figure of 15 Publicly-Listed Metals and Mining Companies 0.61x
Hong Kong Market PEG Ratio Median Figure of 467 Publicly-Listed Companies 0.78x

*Line of best fit is calculated by linear regression .

SEHK:581 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 2.82x ÷ -16.7%

-0.17x

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

  • China Oriental Group earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on China Oriental Group's assets?
Raw Data
SEHK:581 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in CNY CN¥4.36
SEHK:581 Share Price * SEHK (2019-02-22) in HKD HK$5.44
SEHK:581 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.855 CN¥4.65
Hong Kong Metals and Mining Industry PB Ratio Median Figure of 63 Publicly-Listed Metals and Mining Companies 0.83x
Hong Kong Market PB Ratio Median Figure of 2,118 Publicly-Listed Companies 0.98x
SEHK:581 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:581 Share Price ÷ Book Value per Share (both in CNY)

= 4.65 ÷ 4.36

1.07x

* Primary Listing of China Oriental Group.

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

  • China Oriental Group is overvalued based on assets compared to the HK Metals and Mining industry average.
X
Value checks
We assess China Oriental Group'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 Metals and Mining 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 Metals and Mining industry average (and greater than 0)? (1 check)
  5. China Oriental Group has a total score of 4/6, 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 Oriental Group expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

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
-16.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is China Oriental Group expected to grow at an attractive rate?
  • China Oriental Group's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2%.
Growth vs Market Checks
  • China Oriental Group's earnings are expected to decrease over the next 1-3 years, this is below the Hong Kong market average.
  • China Oriental Group's revenues are expected to decrease over the next 1-3 years, this is below the Hong Kong market average.
Annual Growth Rates Comparison
Raw Data
SEHK:581 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:581 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts -16.7%
SEHK:581 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts -6.3%
Hong Kong Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 9.9%
Hong Kong Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 3.2%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.6%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 9.8%

*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:581 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:581 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 36,083 4,428 3,870 4
2019-12-31 37,328 4,652 3,804 4
2018-12-31 40,689 6,823 5,302 4
SEHK:581 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-06-30 42,581 5,414 5,925
2018-03-31 41,967 4,953 5,382
2017-12-31 41,353 4,491 4,839
2017-09-30 38,285 3,064 3,453
2017-06-30 35,217 1,637 2,066
2017-03-31 30,822 1,567 1,394
2016-12-31 26,427 1,497 722
2016-09-30 23,977 2,373 205
2016-06-30 21,526 3,248 -312
2016-03-31 21,299 4,044 -539
2015-12-31 21,072 4,839 -767
2015-09-30 22,434 3,910 -332

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • China Oriental Group's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • China Oriental Group's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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:581 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from China Oriental Group Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:581 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 1.07 1.35 0.85 4.00
2019-12-31 1.06 1.50 0.78 4.00
2018-12-31 1.48 1.73 1.26 4.00
SEHK:581 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-06-30 1.65
2018-03-31 1.52
2017-12-31 1.39
2017-09-30 1.04
2017-06-30 0.65
2017-03-31 0.46
2016-12-31 0.25
2016-09-30 0.07
2016-06-30 -0.11
2016-03-31 -0.18
2015-12-31 -0.26
2015-09-30 -0.11

*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.
  • China Oriental Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess China Oriental Group'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 Oriental Group has a total score of 0/6, 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 Oriental Group 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 Oriental Group's growth in the last year to its industry (Metals and Mining).
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 Oriental Group has delivered over 20% year on year earnings growth in the past 5 years.
  • China Oriental Group's 1-year earnings growth exceeds its 5-year average (186.8% vs 77.9%)
  • China Oriental Group's earnings growth has exceeded the HK Metals and Mining industry average in the past year (186.8% vs 39.4%).
Earnings and Revenue History
China Oriental Group'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 Oriental Group Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:581 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 42,580.78 5,925.30 954.11
2018-03-31 41,966.69 5,382.19 972.15
2017-12-31 41,352.60 4,839.08 990.18
2017-09-30 38,284.69 3,452.72 878.44
2017-06-30 35,216.78 2,066.37 766.69
2017-03-31 30,822.11 1,394.25 833.77
2016-12-31 26,427.44 722.13 900.86
2016-09-30 23,976.96 205.19 860.00
2016-06-30 21,526.47 -311.76 819.15
2016-03-31 21,299.00 -539.13 670.78
2015-12-31 21,071.54 -766.50 522.42
2015-09-30 22,434.01 -331.71 513.34
2015-06-30 23,796.48 103.08 504.26
2015-03-31 26,145.99 84.90 518.60
2014-12-31 28,495.50 66.72 532.95
2014-09-30 30,186.65 70.27 653.07
2014-06-30 31,877.79 73.82 773.19
2014-03-31 32,197.37 87.71 755.14
2013-12-31 32,516.94 101.61 737.08
2013-09-30 33,087.48 21.81 662.75
2013-06-30 33,658.03 -58.00 588.41
2013-03-31 34,890.19 34.03 605.84
2012-12-31 36,122.36 126.06 623.26
2012-09-30 36,933.07 231.31 570.68
2012-06-30 37,743.78 336.57 518.11
2012-03-31 38,170.21 789.23 503.38

*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 Oriental Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • China Oriental Group used its assets more efficiently than the HK Metals and Mining industry average last year based on Return on Assets.
  • China Oriental Group has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess China Oriental Group'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 Metals and Mining 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 Oriental Group has a total score of 6/6, 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 Oriental Group'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 Oriental Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • China Oriental Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • China Oriental Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of China Oriental Group'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 8.8x 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 China Oriental Group Company Filings, last reported 7 months ago.

SEHK:581 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 16,535.99 1,897.75 6,267.17
2018-03-31 16,535.99 1,897.75 6,267.17
2017-12-31 14,104.77 2,384.61 5,671.99
2017-09-30 14,104.77 2,384.61 5,671.99
2017-06-30 11,482.21 1,868.77 2,154.14
2017-03-31 11,482.21 1,868.77 2,154.14
2016-12-31 9,364.54 2,611.95 1,845.44
2016-09-30 9,364.54 2,611.95 1,845.44
2016-06-30 9,373.86 2,882.40 2,400.11
2016-03-31 9,373.86 2,882.40 2,400.11
2015-12-31 8,912.16 4,735.16 2,523.93
2015-09-30 8,912.16 4,735.16 2,523.93
2015-06-30 9,910.21 6,749.21 2,063.84
2015-03-31 9,910.21 6,749.21 2,063.84
2014-12-31 9,771.85 8,516.61 1,598.79
2014-09-30 9,771.85 8,516.61 1,598.79
2014-06-30 9,747.73 8,972.55 1,585.53
2014-03-31 9,747.73 8,972.55 1,585.53
2013-12-31 9,710.90 7,990.06 1,465.64
2013-09-30 9,710.90 7,990.06 1,465.64
2013-06-30 9,622.56 8,727.93 1,840.36
2013-03-31 9,622.56 8,727.93 1,840.36
2012-12-31 9,555.02 8,611.24 1,484.67
2012-09-30 9,555.02 8,611.24 1,484.67
2012-06-30 9,665.33 8,759.90 2,035.95
2012-03-31 9,665.33 8,759.90 2,035.95
  • China Oriental Group's level of debt (11.5%) 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 (90.6% vs 11.5% today).
  • Debt is well covered by operating cash flow (285.3%, greater than 20% of total debt).
  • China Oriental Group earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess China Oriental Group'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 Oriental Group 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 Oriental Group'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
9.55%
Current annual income from China Oriental Group dividends. Estimated to be 6.3% next year.
If you bought HK$2,000 of China Oriental Group shares you are expected to receive HK$191 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 Oriental Group's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (1.97%).
  • China Oriental Group's dividend is above the markets top 25% of dividend payers in Hong Kong (5.42%).
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:581 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 4 Analyst Estimates (S&P Global) See Below
Hong Kong Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 3.6%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 916 Stocks 3.4%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.1%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.4%

Industry and Market average data is calculated daily.

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

SEHK:581 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.29 3.00
2019-12-31 0.29 3.00
2018-12-31 0.37 3.00
SEHK:581 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2018-08-29 0.444 9.384
2018-03-28 0.367 7.900
2017-08-22 0.208 4.483
2017-05-31 0.043 1.570
2013-04-15 0.000 0.000
2013-03-22 0.000 0.000
2012-08-23 0.000 0.000
2012-04-20 0.000 0.000
2012-03-23 0.000 0.000
2011-08-09 0.000 0.000
2011-03-18 0.088 3.587
2010-03-23 0.072 3.045
2009-09-09 0.000 0.000
2009-08-28 0.000 0.000
2009-04-20 0.000 0.000
2009-04-06 0.000 0.000
2009-02-24 0.114 10.756

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of China Oriental Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.7x coverage).
X
Income/ dividend checks
We assess China Oriental Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 Oriental Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. China Oriental Group has a total score of 6/6, 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 Oriental Group'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
Jingyuan Han
COMPENSATION CN¥15,196,000
AGE 61
TENURE AS CEO 15.3 years
CEO Bio

Mr. Jingyuan Han has been the Chairman and Chief Executive Officer of China Oriental Group Co. Ltd. since November 13, 2003. Mr. Han serves as the Chairman of Hebei Jinxi Iron and Steel Company Limited. He serves as an Executive Director of China Oriental Group Co. Ltd. He serves as the Chairman of the board and General Manager at Since Jinxi Limited. His experience in the steel industry started in 1984, when he was employed as a sub-division head of Han’erzhuang Iron Mine. In 1992, Mr. Han served as the Head of Han’erzhuang Iron Mine, joined Jinxi Iron Factory and served as a Deputy Head until 1997. He serves as Chairman of Foshan Jinxi Jin Lan Cold Rolled Sheet Company Limited, Zhengda Iron and Steel and Oriental Fullhero Leasing Company Limited. He has in-depth industry knowledge and 19 years of extensive operational and managerial experience in the iron and steel industry. In 1997, he joined Tangshan Jinxi Group where he served as Chairman of the board and General Manager until 1999. He serves as a Director of Wellbeing Holdings Limited. In December 2003, he was awarded the honorary title of ‘‘Top Ten Celebrities for China’s Reform Programme in the New Century’’ for 2003 by the Organising Committee for Nomination of Celebrities for China’s Reform Programme. Mr. Han graduated from the People's University in 1994 with a degree in Management.

CEO Compensation
  • Jingyuan's compensation has increased by more than 20% in the past year.
  • Jingyuan's remuneration is higher than average for companies of similar size in Hong Kong.
Management Team Tenure

Average tenure and age of the China Oriental Group management team in years:

12.4
Average Tenure
50.5
Average Age
  • The average tenure for the China Oriental Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Jingyuan Han

TITLE
Chairman & CEO
COMPENSATION
CN¥15M
AGE
61
TENURE
15.3 yrs

Li Han

TITLE
CFO, Deputy GM & Executive Director
COMPENSATION
CN¥2M
AGE
31
TENURE
2.2 yrs

Jun Zhu

TITLE
COO, Executive Deputy GM & Executive Director
COMPENSATION
CN¥4M
AGE
54

Hao Zhu

TITLE
Executive Director
COMPENSATION
CN¥2M
AGE
51
TENURE
11.3 yrs

Xiaoling Shen

TITLE
Executive Director
COMPENSATION
CN¥3M
AGE
57
TENURE
13.6 yrs

Lifeng Yu

TITLE
Deputy Chairman of Legal Representative & GM of Jinxi Limited
AGE
41

Pak Lam

TITLE
Financial Controller & Company Secretary
AGE
38

Jianshui Yu

TITLE
General Manager of Hebei Jinxi Iron and Steel Group Special Steel Company Limited
COMPENSATION
CN¥488K
AGE
50
Board of Directors Tenure

Average tenure and age of the China Oriental Group board of directors in years:

11.3
Average Tenure
53
Average Age
  • The average tenure for the China Oriental Group board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Jingyuan Han

TITLE
Chairman & CEO
COMPENSATION
CN¥15M
AGE
61
TENURE
15.3 yrs

Li Han

TITLE
CFO, Deputy GM & Executive Director
COMPENSATION
CN¥2M
AGE
31
TENURE
7 yrs

Jun Zhu

TITLE
COO, Executive Deputy GM & Executive Director
COMPENSATION
CN¥4M
AGE
54
TENURE
15.2 yrs

Hao Zhu

TITLE
Executive Director
COMPENSATION
CN¥2M
AGE
51
TENURE
11.3 yrs

Xiaoling Shen

TITLE
Executive Director
COMPENSATION
CN¥3M
AGE
57
TENURE
13.6 yrs

Francis Wong

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥415K
AGE
53
TENURE
14.5 yrs

Ondra Otradovec

TITLE
Non-Executive Director
COMPENSATION
CN¥346K
AGE
49
TENURE
4.1 yrs

Tianyi Wang

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥346K
AGE
71
TENURE
7 yrs

Bing Wang

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥346K
AGE
53
TENURE
2.6 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$) Value (HK$)
X
Management checks
We assess China Oriental Group'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 Oriental Group 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

Here's How P/E Ratios Can Help Us Understand China Oriental Group Company Limited (HKG:581)

To keep it practical, we'll show how China Oriental Group Company Limited's (HKG:581) P/E ratio could help you assess the value on offer. … China Oriental Group has a P/E ratio of 2.73, based on the last twelve months. … Price to Earnings Ratio = Share Price (in reporting currency) ÷ Earnings per Share (EPS)

Simply Wall St -

Grab China Oriental Group Company Limited (HKG:581) Today With A Solid 9.8% Dividend Yield

China Oriental Group Company Limited (HKG:581) is a true Dividend Rock Star. … In the past ten years, China Oriental Group has also grown its dividend from CN¥0.11 to CN¥0.44. … Below, I have outlined more attractive dividend aspects for China Oriental Group for income investors who may be interested in new dividend stocks for their portfolio.

Simply Wall St -

A Close Look At China Oriental Group Company Limited’s (HKG:581) 45% 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)? … Analysts use this formula to calculate return on capital employed:

Simply Wall St -

Why China Oriental Group Company Limited (HKG:581) Could Have A Place In Your Portfolio

China Oriental Group Company Limited (HKG:581) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects. … company with a

Simply Wall St -

Could The China Oriental Group Company Limited (HKG:581) Ownership Structure Tell Us Something Useful?

A look at the shareholders of China Oriental Group Company Limited (HKG:581) can tell us which group is most powerful. … Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … With a market capitalization of HK$18b, China Oriental Group is a decent size, so it is probably on the radar of institutional investors.

Simply Wall St -

Top Bear Market Investment: China Oriental Group Company Limited (HKG:581)

High quality companies, such as China Oriental Group Company Limited, are impacted by general market panic and sell-off, but the fundamentals of these companies stay the same. … View our latest analysis for China Oriental Group. … China Oriental Group Company Limited, an investment holding company, manufactures and sells iron and steel products for downstream steel manufacturers in the People’s Republic of China

Simply Wall St -

Do You Know What China Oriental Group Company Limited's (HKG:581) P/E Ratio Means?

To keep it practical, we'll show how China Oriental Group Company Limited's (HKG:581) P/E ratio could help you assess the value on offer. … China Oriental Group has a P/E ratio of 3.43, based on the last twelve months. … Price to Earnings Ratio = Price per Share (in the reporting currency) ÷ Earnings per Share (EPS)

Simply Wall St -

Dividend Hunters Should Consider China Oriental Group Company Limited (HKG:581), With A 8.5% Yield

Over the past 10 years China Oriental Group Company Limited (HKG:581) has grown its dividend payouts from CN¥0.11 to CN¥0.45. … With a market cap of HK$22.4b, China Oriental Group pays out 21% of its earnings, leading to a 8.5% yield. … Check out our latest analysis for China Oriental Group?

Simply Wall St -

Why We Think China Oriental Group Company Limited (HKG:581) Could Be Worth Looking At

China Oriental Group Company Limited (HKG:581) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective. … company with a

Simply Wall St -

What You Must Know About China Oriental Group Company Limited's (HKG:581) Financial Health

Small-caps and large-caps are wildly popular among investors; however, mid-cap stocks, such as China Oriental Group Company Limited (HKG:581) with a market-capitalization of CN¥22.52b, rarely draw their attention. … Today we will look at 581’s financial liquidity and debt levels, which are strong indicators for whether the company can weather economic downturns or fund strategic acquisitions for future growth. … See our latest analysis for China Oriental Group

Simply Wall St -

Company Info

Map
Description

China Oriental Group Company Limited, an investment holding company, manufactures and sells iron and steel products for downstream steel manufacturers in the People’s Republic of China. The company operates through Iron and Steel, and Real Estate segments. It offers H-section steel products for use in non-residential construction and infrastructure projects as structural supports; strips and strip products; cold rolled sheets for use in manufacturing home electric appliances, hardware, pipes, etc.; galvanized sheets for the production of civil-purpose sheets; billets for use as substrate in downstream steel products; and rebars for use in residential and non-residential projects, as well as provides casting products. The company is also involved in the trading of steel products, and iron ore and related products; leasing and financial leasing; import and export of goods and technology; purchase and sale of ferrous metal and coke; development and sale of real estate properties; environmental protection engineering; and research and development of recycling and energy-saving technology, as well as other recycling business. In addition, it provides equipment maintenance, motor vehicle scrap and crush demolition solutions; publication, construction project management, wholesale and retail trade, asset management, hotel and catering, and engineering technical services; agency services for import/export; and loans, as well as sells mining machinery accessories The company was incorporated in 2003 and is based in Wan Chai, Hong Kong.

Details
Name: China Oriental Group Company Limited
581
Exchange: SEHK
Founded: 2003
HK$20,250,775,360
3,722,569,000
Website: http://www.chinaorientalgroup.com
Address: China Oriental Group Company Limited
Great Eagle Centre,
9th Floor,
Wanchai,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 581 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 02. Mar 2004
OTCPK CUGC.F Ordinary Shares Pink Sheets LLC US USD 02. Mar 2004
DB ORG Ordinary Shares Deutsche Boerse AG DE EUR 02. Mar 2004
SHSC 581 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 02. Mar 2004
SZSC 581 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 02. Mar 2004
OTCPK CUGC.Y ADR Pink Sheets LLC US USD 05. Nov 2008
Number of employees
Current staff
Staff numbers
9,600
China Oriental Group employees.
Industry
Steel
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/23 12:37
End of day share price update: 2019/02/22 00:00
Last estimates confirmation: 2019/02/19
Last earnings filing: 2018/09/26
Last earnings reported: 2018/06/30
Last annual earnings reported: 2017/12/31


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.