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Greenheart Group

SEHK:94
Snowflake Description

Adequate balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
94
SEHK
HK$621M
Market Cap
  1. Home
  2. HK
  3. Materials
Company description

Greenheart Group Limited, an investment holding company, operates as an integrated forest-products company. The last earnings update was 85 days ago. More info.


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  • Greenheart Group has significant price volatility in the past 3 months.
94 Share Price and Events
7 Day Returns
8.3%
SEHK:94
0.3%
HK Forestry
1.5%
HK Market
1 Year Returns
-60.8%
SEHK:94
-21.9%
HK Forestry
-4.7%
HK Market
94 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Greenheart Group (94) 8.3% 0% -37.5% -60.8% -46.6% -47.4%
HK Forestry 0.3% 6.2% -15.4% -21.9% -12.1% 13%
HK Market 1.5% 3.9% -8.2% -4.7% 18.3% 3.4%
1 Year Return vs Industry and Market
  • 94 underperformed the Forestry industry which returned -21.9% over the past year.
  • 94 underperformed the Market in Hong Kong which returned -4.7% over the past year.
Price Volatility
94
Industry
5yr Volatility vs Market

Value

 Is Greenheart 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 Greenheart 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

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

SEHK:94 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 13.6%
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:94
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6.7%
Forestry Unlevered Beta Simply Wall St/ S&P Global 1.34
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.338 (1 + (1- 25%) (76.93%))
1.743
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.74
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.743 * 6.65%)
13.6%

Discounted Cash Flow Calculation for SEHK:94 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Greenheart Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

SEHK:94 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 13.6%)
2020 186.00 Est @ 73.89% 163.74
2021 283.32 Est @ 52.32% 219.55
2022 388.79 Est @ 37.23% 265.22
2023 492.44 Est @ 26.66% 295.72
2024 587.30 Est @ 19.26% 310.47
2025 670.01 Est @ 14.08% 311.80
2026 740.10 Est @ 10.46% 303.19
2027 798.74 Est @ 7.92% 288.05
2028 847.84 Est @ 6.15% 269.16
2029 889.41 Est @ 4.9% 248.56
Present value of next 10 years cash flows HK$2,675.46
SEHK:94 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= HK$889.41 × (1 + 2%) ÷ (13.6% – 2%)
HK$7,824.88
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$7,824.88 ÷ (1 + 13.6%)10
HK$2,186.77
SEHK:94 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$2,675.46 + HK$2,186.77
HK$4,862.24
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$4,862.24 / 1,854.99
HK$2.62
SEHK:94 Discount to Share Price
Calculation Result
Value per share (HKD) From above. HK$2.62
Current discount Discount to share price of HK$0.33
= -1 x (HK$0.33 - HK$2.62) / HK$2.62
87.6%

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

Current Discount
Amount off the current price Greenheart Group is available for.
Intrinsic value
>50%
Share price is HK$0.33 vs Future cash flow value of HK$2.62
Current Discount Checks
For Greenheart Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Greenheart Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Greenheart 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 Greenheart Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Greenheart Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:94 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in HKD HK$-0.03
SEHK:94 Share Price ** SEHK (2019-07-17) in HKD HK$0.33
Hong Kong Forestry Industry PE Ratio Median Figure of 5 Publicly-Listed Forestry Companies 19.82x
Hong Kong Market PE Ratio Median Figure of 1,510 Publicly-Listed Companies 10.75x

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

** Primary Listing of Greenheart Group.

SEHK:94 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:94 Share Price ÷ EPS (both in HKD)

= 0.33 ÷ -0.03

-10.6x

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

  • Greenheart Group is loss making, we can't compare its value to the HK Forestry industry average.
  • Greenheart Group is loss making, we can't compare the value of its earnings to the Hong Kong market.
Price based on expected Growth
Does Greenheart Group's expected growth come at a high price?
Raw Data
SEHK:94 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -10.6x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Asia Forestry Industry PEG Ratio Median Figure of 8 Publicly-Listed Forestry Companies 0.55x
Hong Kong Market PEG Ratio Median Figure of 479 Publicly-Listed Companies 0.8x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Greenheart Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Greenheart Group's assets?
Raw Data
SEHK:94 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in HKD HK$0.59
SEHK:94 Share Price * SEHK (2019-07-17) in HKD HK$0.33
Hong Kong Forestry Industry PB Ratio Median Figure of 11 Publicly-Listed Forestry Companies 0.84x
Hong Kong Market PB Ratio Median Figure of 2,197 Publicly-Listed Companies 0.92x
SEHK:94 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:94 Share Price ÷ Book Value per Share (both in HKD)

= 0.33 ÷ 0.59

0.55x

* Primary Listing of Greenheart Group.

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

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

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Greenheart Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
2.7%
Expected Forestry industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Greenheart Group expected to grow at an attractive rate?
  • Unable to compare Greenheart Group's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Greenheart Group's earnings growth to the Hong Kong market average as no estimate data is available.
  • Unable to compare Greenheart Group's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:94 Future Growth Rates Data Sources
Data Point Source Value (per year)
Hong Kong Forestry Industry Earnings Growth Rate Market Cap Weighted Average 2.7%
Asia Forestry Industry Revenue Growth Rate Market Cap Weighted Average 6.8%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average -7.3%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.3%

*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:94 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:94 Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
SEHK:94 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-12-31 427 168 -57
2018-09-30 484 131 9
2018-06-30 541 95 75
2018-03-31 574 50 81
2017-12-31 607 5 86
2017-09-30 595 -22 49
2017-06-30 582 -49 12
2017-03-31 563 -26 10
2016-12-31 544 -4 9
2016-09-30 533 3 -157
2016-06-30 522 21 -322
2016-03-31 557 5 -379

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Greenheart Group is high growth as no earnings estimate data is available.
  • Unable to determine if Greenheart Group is high growth as no revenue estimate data is available.
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:94 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Greenheart Group Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:94 Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
SEHK:94 Past Financials Data
Date (Data in HKD Millions) EPS *
2018-12-31 -0.03
2018-09-30 0.00
2018-06-30 0.04
2018-03-31 0.05
2017-12-31 0.05
2017-09-30 0.03
2017-06-30 0.01
2017-03-31 0.01
2016-12-31 0.01
2016-09-30 -0.12
2016-06-30 -0.27
2016-03-31 -0.35

*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.
  • Unable to establish if Greenheart Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Greenheart Group is trading at Greenheart Group'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Greenheart Group's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Materials companies here
  3. Greenheart Group's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Greenheart 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 Asia 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.
Greenheart 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 Greenheart 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 Greenheart Group's growth in the last year to its industry (Forestry).
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.
  • Greenheart Group does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Greenheart Group's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Greenheart Group's 1-year growth to the Asia Forestry industry average as it is not currently profitable.
Earnings and Revenue History
Greenheart 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 Greenheart Group Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:94 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 427.08 -56.88 118.16
2018-09-30 483.94 8.95 123.57
2018-06-30 540.81 74.79 128.98
2018-03-31 573.85 80.62 142.79
2017-12-31 606.90 86.45 156.60
2017-09-30 594.55 49.10 172.84
2017-06-30 582.20 11.76 189.07
2017-03-31 562.96 10.25 185.13
2016-12-31 543.71 8.74 181.19
2016-09-30 533.09 -156.60 199.57
2016-06-30 522.47 -321.94 211.91
2016-03-31 556.94 -379.44 235.03
2015-12-31 591.41 -436.93 258.15
2015-09-30 604.10 -275.37 262.21
2015-06-30 616.78 -113.81 266.28
2015-03-31 645.19 -123.56 272.92
2014-12-31 673.60 -133.30 279.57
2014-09-30 716.69 -120.63 297.41
2014-06-30 759.77 -107.96 315.26
2014-03-31 742.18 -56.85 315.84
2013-12-31 724.58 -5.74 316.42
2013-09-30 668.07 -43.79 296.92
2013-06-30 611.56 -81.85 277.42
2013-03-31 553.40 -79.31 263.99
2012-12-31 495.23 -76.78 250.56
2012-09-30 463.04 -79.79 241.88

*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.
  • It is difficult to establish if Greenheart Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Greenheart Group has efficiently used its assets last year compared to the HK Forestry industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Greenheart Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Greenheart 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 Forestry 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.
Greenheart Group has a total score of 0/6, 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 Greenheart 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 Greenheart Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Greenheart Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Greenheart Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Greenheart 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 not covered by short term assets, assets are 0.8x 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 Greenheart Group Company Filings, last reported 6 months ago.

SEHK:94 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 811.51 477.14 156.67
2018-09-30 811.51 477.14 156.67
2018-06-30 893.57 414.05 103.48
2018-03-31 893.57 414.05 103.48
2017-12-31 921.31 432.13 174.44
2017-09-30 921.31 432.13 174.44
2017-06-30 769.95 403.36 47.52
2017-03-31 769.95 403.36 47.52
2016-12-31 701.92 394.84 79.71
2016-09-30 766.35 394.84 79.71
2016-06-30 771.25 393.21 118.84
2016-03-31 771.25 393.21 118.84
2015-12-31 457.77 705.21 122.32
2015-09-30 457.77 705.21 122.32
2015-06-30 811.53 797.10 86.14
2015-03-31 811.53 797.10 86.14
2014-12-31 945.96 779.02 108.68
2014-09-30 945.96 779.02 108.68
2014-06-30 991.97 762.13 123.10
2014-03-31 991.97 762.13 123.10
2013-12-31 1,140.19 752.62 204.73
2013-09-30 1,140.19 752.62 204.73
2013-06-30 1,145.59 724.32 222.30
2013-03-31 1,145.59 724.32 222.30
2012-12-31 1,192.90 589.06 146.58
2012-09-30 1,192.90 589.06 146.58
  • Greenheart Group's level of debt (58.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (68.8% vs 58.9% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Greenheart Group has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Greenheart Group has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by % per year.
X
Financial health checks
We assess Greenheart 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. Greenheart Group has a total score of 4/6, 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 Greenheart 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
0%
Current annual income from Greenheart Group dividends.
If you bought HK$2,000 of Greenheart Group shares you are expected to receive HK$0 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?
  • Unable to evaluate Greenheart Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Greenheart Group's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:94 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 0 Analyst Estimates (S&P Global) See Below
Asia Forestry Industry Average Dividend Yield Market Cap Weighted Average of 26 Stocks 6.2%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 978 Stocks 3.6%
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 5.7%

Industry and Market average data is calculated daily.

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

SEHK:94 Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts

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

  • Unable to perform a dividend volatility check as Greenheart Group has not reported any payouts.
  • Unable to verify if Greenheart Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Greenheart Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Greenheart Group 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.
X
Income/ dividend checks
We assess Greenheart Group'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 Greenheart Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Greenheart Group has a total score of 0/6, 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 Greenheart 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
Raphael Ding
COMPENSATION HK$2,921,805
AGE 59
TENURE AS CEO 0.7 years
CEO Bio

Mr. Wai Chuen Ding, also known as Raphael, is the Chief Executive Officer of Greenheart Group Limited since 2018. He serves as a Partner of Grant Thornton, Certified Public Accountants. Mr. Ding served as a Non-Executive Director of Lam Soon Hong Kong Ltd., from June 1, 2012 to November 20, 2012. Previously, Mr. Ding served as Executive Director of Lam Soon Hong Kong Ltd., from March 1, 2012 to June 1, 2012 and prior to that, he served as its Non-Executive Director from October 16, 2006 to March 1, 2012. Mr. Ding had worked for international firms of accountants in England and in Hong Kong for over 11 years before joining the Hong Kong Institute of Certified Public Accountants (“HKICPA”) in 1994 as the Head of the Professional Compliance Division. His main responsibilities at the HKICPA were monitoring and enforcing compliance with the HKICPA’s professional standards. In 2007, Mr. Ding serves as a Member of the Financial Reporting Review Panel of the Financial Reporting Council. Since 2002, Mr. Ding has been appointed by the PRC Ministry of Finance as a member of the Advisory Group of Foreign Experts for the development of PRC’s Independent Auditing Standards. He has been an Executive Director of Greenheart Group Limited since November 5, 2018. He served as an Executive Director of Guoco Group Ltd. from September 1, 2009 to June 1, 2012 and previously served as its Independent Non-Executive Director since October 16, 2006. Since the beginning of 2007, Mr. Ding has been involved, as an advisor, in the joint projects between HKICPA and PRC Ministry of Finance for the comparison of Hong Kong and PRC accounting and auditing standards. Mr. Ding was appointed by the Hong Kong SAR Government of the PRC as a member of the Commission on Strategic Development in November 2005 and as a member of the Central Policy Unit Panel on the Pan-Pearl River Delta in January 2006. Mr. Ding has been elected as a council member of the HKICPA. Mr. Ding is an associate member of the Institute of Chartered Accountants in England and Wales and a fellow member of the Hong Kong Institute of Certified Public Accountants. He is a graduated from the University of Birmingham with a Bachelor’s degree in Commerce.

CEO Compensation
  • Insufficient data for Raphael to compare compensation growth.
  • Raphael's remuneration is higher than average for companies of similar size in Hong Kong.
Management Team

Raphael Ding

TITLE
CEO & Executive Director
COMPENSATION
HK$3M
AGE
59
TENURE
0.7 yrs

Hoe Pin Lim

TITLE
Executive Director
COMPENSATION
HK$2M
AGE
50

Daphne Tse

TITLE
CFO & Company Secretary
AGE
46

Edwin Tam

TITLE
VP & Financial Controller
TENURE
9.5 yrs

Grant Fenton

TITLE
Executive Director for The Greenheart Group
AGE
49

Craig Penfold

TITLE
Sales Manager for Suriname
Board of Directors Tenure

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

4
Average Tenure
54
Average Age
  • The tenure for the Greenheart Group board of directors is about average.
Board of Directors

Conrad Cheng

TITLE
Non-Executive Chairman
COMPENSATION
HK$240K
AGE
40
TENURE
3.3 yrs

Raphael Ding

TITLE
CEO & Executive Director
COMPENSATION
HK$3M
AGE
59
TENURE
0.7 yrs

Hoe Pin Lim

TITLE
Executive Director
COMPENSATION
HK$2M
AGE
50
TENURE
4.1 yrs

Peter Nguyen

TITLE
Independent Non-Executive Director
COMPENSATION
HK$240K
AGE
76
TENURE
4 yrs

Francis Wong

TITLE
Independent Non-Executive Director
COMPENSATION
HK$240K
AGE
54
TENURE
4 yrs

Simon Murray

TITLE
Non-Executive Director
COMPENSATION
HK$208K
AGE
79
TENURE
8.9 yrs

Patrick Tsang

TITLE
Non-Executive Director
COMPENSATION
HK$240K
AGE
47
TENURE
4.1 yrs

Yang Cheng

TITLE
Non-Executive Director
COMPENSATION
HK$118K
AGE
42
TENURE
1 yrs

Patrick Cheung

TITLE
Independent Non-Executive Director
AGE
70
TENURE
0.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
X
Management checks
We assess Greenheart 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. Greenheart 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

Does The Greenheart Group Limited (HKG:94) Share Price Tend To Follow The Market?

Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … With a beta of 1.08, (which is quite close to 1) the share price of Greenheart Group has historically been about as voltile as the broader market. … What this means for you: It is probable that there is a link between the share price of Greenheart Group and the broader market, since it has a beta value quite close to one.

Simply Wall St -

What Investors Should Know About Greenheart Group Limited's (HKG:94) Financial Strength

Moreover, 94 has generated HK$168m in operating cash flow during the same period of time, leading to an operating cash to total debt ratio of 35%, signalling that 94’s operating cash is sufficient to cover its debt. … With current liabilities at HK$188m, the company has maintained a safe level of current assets to meet its obligations, with the current ratio last standing at 1.94x. … Next Steps: 94’s high cash coverage means that, although its debt levels are high, the company is able to utilise its borrowings efficiently in order to generate cash flow.

Simply Wall St -

Do Insiders Own Lots Of Shares In Greenheart Group Limited (HKG:94)?

If you want to know who really controls Greenheart Group Limited (HKG:94), then you'll have to look at the makeup of its share registry. … Greenheart Group is not a large company by global standards. … institutions are not on the share registry

Simply Wall St -

If You Had Bought Greenheart Group (HKG:94) Shares Five Years Ago You'd Have Made 66%

For example, the Greenheart Group Limited (HKG:94) share price is up 66% in the last 5 years, clearly besting than the market return of around 21% (ignoring dividends). … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … Dive deeper into Greenheart Group's key metrics by checking this interactive graph of Greenheart Group's earnings, revenue and cash flow.

Simply Wall St -

What Does Greenheart Group Limited's (HKG:94) P/E Ratio Tell You?

We'll look at Greenheart Group Limited's (HKG:94) P/E ratio and reflect on what it tells us about the company's share price. … Greenheart Group has a P/E ratio of 19.4, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

One Thing To Remember About The Greenheart Group Limited (HKG:94) Share Price

Some stocks mimic the volatility of the market quite closely, while others demonstrate muted, exagerrated or uncorrelated price movements. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.

Simply Wall St -

Is Greenheart Group Limited (HKG:94) A Financially Sound Company?

While small-cap stocks, such as Greenheart Group Limited (HKG:94) with its market cap of HK$1.1b, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … So, understanding the company's financial health becomes. … Here are a few basic checks that are good enough to have a broad overview of the company’s financial strength.

Simply Wall St -

Do Insiders Own Shares In Greenheart Group Limited (HKG:94)?

The big shareholder groups in Greenheart Group Limited (HKG:94) have power over the company. … Greenheart Group is not a large company by global standards. … Check out our latest analysis for Greenheart Group

Simply Wall St -

Should You Be Tempted To Sell Greenheart Group Limited (HKG:94) Because Of Its P/E Ratio?

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … We'll look at Greenheart Group Limited's (HKG:94) P/E ratio and reflect on what it tells us about the company's share price. … Greenheart Group has a price to earnings ratio of 16.73, based on the last twelve months.

Simply Wall St -

Is Greenheart Group Limited's (HKG:94) CEO Being Overpaid?

Danny Wu has been the CEO of Greenheart Group Limited (HKG:94) since 2015. … This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … At the time of writing our data says that Greenheart Group Limited has a market cap of HK$1.4b, and is paying total annual CEO compensation of HK$5m.

Simply Wall St -

Company Info

Description

Greenheart Group Limited, an investment holding company, operates as an integrated forest-products company. It operates in two segments, Suriname and New Zealand. The company’s activities include hardwood log harvesting, timber processing, marketing, and sale of logs and timber products. It offers softwood products, such as radiata pine logs used as sawn timber, and plywood and veneer; and hardwood products used for furniture, flooring, decking, windows/doors, outdoor timber/heavy construction, interior decoration, and marine applications. As of December 31, 2017, the company managed radiata pine plantation forest assets with a total freehold title land base of approximately 12,700 hectares located in Northland region of New Zealand, as well as approximately 365,000 hectares of concessions and cutting rights in Suriname, South America. In addition, it provides corporate, administrative and management, forest management, and shipping services; and administers forestry operations. The company was formerly known as Omnicorp Limited and changed its name to Greenheart Group Limited in December 2010. The company is headquartered in Wanchai, Hong Kong. Greenheart Group Limited is a subsidiary of Newforest Limited.

Details
Name: Greenheart Group Limited
94
Exchange: SEHK
Founded:
HK$621,422,003
1,854,991,056
Website: http://www.greenheartgroup.com
Address: Greenheart Group Limited
Fortis Tower,
32nd Floor,
Wanchai,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 94 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 01. Jan 1992
Number of employees
Current staff
Staff numbers
255
Greenheart Group employees.
Industry
Forest Products
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/17 12:38
End of day share price update: 2019/07/17 00:00
Last estimates confirmation: 2018/03/27
Last earnings filing: 2019/04/23
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.