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HengTen Networks Group

SEHK:136
Snowflake Description

Flawless balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
136
SEHK
HK$13B
Market Cap
  1. Home
  2. HK
  3. Retail
Company description

HengTen Networks Group Limited, an investment holding company, engages in Internet community and related businesses in the People's Republic of China, Europe, and internationally. The last earnings update was 83 days ago. More info.


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  • HengTen Networks Group has significant price volatility in the past 3 months.
136 Share Price and Events
7 Day Returns
-2.8%
SEHK:136
-2.5%
HK Online Retail
1%
HK Market
1 Year Returns
-35.1%
SEHK:136
-26.7%
HK Online Retail
-4.7%
HK Market
136 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
HengTen Networks Group (136) -2.8% -6% -26.8% -35.1% -44.5% -19.6%
HK Online Retail -2.5% 6.7% 10.8% -26.7% -52.3% -31.2%
HK Market 1% 3.9% -7.8% -4.7% 17.5% 2%
1 Year Return vs Industry and Market
  • 136 underperformed the Online Retail industry which returned -26.7% over the past year.
  • 136 underperformed the Market in Hong Kong which returned -4.7% over the past year.
Price Volatility
136
Industry
5yr Volatility vs Market

Value

 Is HengTen Networks 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 HengTen Networks 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 HengTen Networks Group.

SEHK:136 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 11.5%
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:136
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6.7%
Online Retail Unlevered Beta Simply Wall St/ S&P Global 1.64
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.642 (1 + (1- 25%) (0.47%))
1.434
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.43
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.434 * 6.65%)
11.54%

Discounted Cash Flow Calculation for SEHK:136 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for HengTen Networks 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:136 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 11.54%)
2020 403.46 Est @ 61.75% 361.72
2021 580.27 Est @ 43.82% 466.43
2022 761.77 Est @ 31.28% 548.97
2023 933.13 Est @ 22.5% 602.90
2024 1,085.68 Est @ 16.35% 628.90
2025 1,216.44 Est @ 12.04% 631.75
2026 1,326.31 Est @ 9.03% 617.55
2027 1,418.13 Est @ 6.92% 592.00
2028 1,495.38 Est @ 5.45% 559.67
2029 1,561.39 Est @ 4.41% 523.92
Present value of next 10 years cash flows CN¥5,533.81
SEHK:136 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥1,561.39 × (1 + 2%) ÷ (11.54% – 2%)
CN¥16,702.62
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥16,702.62 ÷ (1 + 11.54%)10
CN¥5,604.55
SEHK:136 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥5,533.81 + CN¥5,604.55
CN¥11,138.36
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥11,138.36 / 74,611.67
CN¥0.15
SEHK:136 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:136)
1.137
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥0.15 x 1.137
HK$0.17
Value per share (HKD) From above. HK$0.17
Current discount Discount to share price of HK$0.17
= -1 x (HK$0.17 - HK$0.17) / HK$0.17
-1.4%

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

  • The current share price of HengTen Networks Group is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 HengTen Networks Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are HengTen Networks Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:136 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥0.00
SEHK:136 Share Price ** SEHK (2019-07-18) in HKD HK$0.17
SEHK:136 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.88 CN¥0.15
Asia Online Retail Industry PE Ratio Median Figure of 8 Publicly-Listed Online Retail Companies 22.57x
Hong Kong Market PE Ratio Median Figure of 1,510 Publicly-Listed Companies 10.82x

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

** Primary Listing of HengTen Networks Group.

SEHK:136 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:136 Share Price ÷ EPS (both in CNY)

= 0.15 ÷ 0.00

97.94x

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

  • HengTen Networks Group is overvalued based on earnings compared to the Asia Online Retail industry average.
  • HengTen Networks Group is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does HengTen Networks Group's expected growth come at a high price?
Raw Data
SEHK:136 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 97.94x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-17%per year
Global Online Retail Industry PEG Ratio Median Figure of 44 Publicly-Listed Online Retail Companies 1.76x
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 HengTen Networks Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on HengTen Networks Group's assets?
Raw Data
SEHK:136 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥0.01
SEHK:136 Share Price * SEHK (2019-07-18) in HKD HK$0.17
SEHK:136 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.88 CN¥0.15
Hong Kong Online Retail Industry PB Ratio Median Figure of 10 Publicly-Listed Online Retail Companies 2.12x
Hong Kong Market PB Ratio Median Figure of 2,197 Publicly-Listed Companies 0.92x
SEHK:136 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:136 Share Price ÷ Book Value per Share (both in CNY)

= 0.15 ÷ 0.01

10.84x

* Primary Listing of HengTen Networks Group.

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

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

  • No analysts cover HengTen Networks Group, future earnings growth has been estimated based on fundamentals.
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
-17%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is HengTen Networks Group expected to grow at an attractive rate?
  • HengTen Networks 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
  • HengTen Networks Group's earnings are expected to decrease over the next 1-3 years, this is below the Hong Kong market average.
  • Unable to compare HengTen Networks Group's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:136 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:136 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -17%
Hong Kong Online Retail Industry Earnings Growth Rate Market Cap Weighted Average 47.1%
Global Online Retail Industry Revenue Growth Rate Market Cap Weighted Average 16.7%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average -5.2%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 13.5%

*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:136 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 CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:136 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
SEHK:136 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 499 284 124
2018-09-30 455 304 150
2018-06-30 410 323 176
2018-03-31 336 219 136
2017-12-31 262 116 96
2017-09-30 203 41 61
2017-06-30 143 -35 27
2017-03-31 128 -6 15
2016-12-31 113 24 4

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • HengTen Networks Group's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if HengTen Networks 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:136 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 HengTen Networks Group Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:136 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
SEHK:136 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 0.00
2018-09-30 0.00
2018-06-30 0.00
2018-03-31 0.00
2017-12-31 0.00
2017-09-30 0.00
2017-06-30 0.00
2017-03-31 0.00
2016-12-31 0.00

*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 HengTen Networks Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess HengTen Networks 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 Global 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.
HengTen Networks 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 HengTen Networks 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 HengTen Networks Group's growth in the last year to its industry (Online Retail).
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.
  • HengTen Networks Group has delivered over 20% year on year earnings growth in the past 5 years.
  • HengTen Networks Group's 1-year earnings growth is less than its 5-year average (29.4% vs 49.3%)
  • HengTen Networks Group's earnings growth has exceeded the Asia Online Retail industry average in the past year (29.4% vs -14%).
Earnings and Revenue History
HengTen Networks 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 HengTen Networks Group Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:136 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 499.42 124.50 210.77
2018-09-30 454.71 150.05 154.05
2018-06-30 410.00 175.61 97.33
2018-03-31 335.87 135.91 81.50
2017-12-31 261.75 96.22 65.66
2017-09-30 202.62 61.36 57.71
2017-06-30 142.97 26.51 49.59
2017-03-31 127.58 15.41 45.96
2016-12-31 113.25 4.31 42.68
2015-12-31 112.87 -254.47 260.81
2015-09-30 90.07 -225.09 82.23
2015-06-30 83.94 -137.19 81.74
2015-03-31 80.04 -54.88 83.27
2014-12-31 83.87 -197.72 69.77
2014-09-30 86.67 -336.58 55.59
2014-06-30 88.30 -375.97 61.16
2014-03-31 88.53 -409.85 65.83
2013-12-31 97.15 236.88 75.62
2013-09-30 109.23 882.59 88.06
2013-06-30 112.85 -23.14 95.81
2013-03-31 117.39 -942.11 104.41
2012-12-31 122.82 -2,292.49 98.39
2012-09-30 128.78 -2,163.08 90.91

*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.
  • HengTen Networks Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • HengTen Networks Group used its assets more efficiently than the Asia Online Retail industry average last year based on Return on Assets.
  • HengTen Networks Group has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess HengTen Networks 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 Online Retail 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.
HengTen Networks Group has a total score of 4/6, 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 HengTen Networks 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 HengTen Networks Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • HengTen Networks Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • HengTen Networks Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of HengTen Networks 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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 25.8x 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 HengTen Networks Group Company Filings, last reported 6 months ago.

SEHK:136 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,042.64 52.63 1,227.24
2018-09-30 1,042.64 52.63 1,227.24
2018-06-30 993.08 50.85 1,177.66
2018-03-31 993.08 50.85 1,177.66
2017-12-31 881.06 50.00 954.21
2017-09-30 881.06 50.00 954.21
2017-06-30 836.95 52.11 863.05
2017-03-31 853.83 53.16 880.47
2016-12-31 833.29 53.57 881.90
2015-12-31 613.21 50.26 682.04
2015-09-30 49.70 49.21 93.86
2015-06-30 48.46 47.99 91.53
2015-03-31 -22.14 60.89 56.90
2014-12-31 -22.14 60.91 56.91
2014-09-30 -28.30 88.74 60.55
2014-06-30 -28.73 90.07 61.45
2014-03-31 -80.09 130.17 59.47
2013-12-31 -78.02 126.81 57.94
2013-09-30 -500.13 799.87 56.39
2013-06-30 -501.78 802.50 56.58
2013-03-31 -869.64 1,118.27 42.20
2012-12-31 -189.71 1,123.19 42.39
2012-09-30 -892.98 1,895.04 43.71
  • HengTen Networks Group's level of debt (5.1%) compared to net worth is satisfactory (less than 40%).
  • HengTen Networks Group had negative shareholder equity 5 years ago, it is now positive therefore their debt level has improved.
  • Debt is well covered by operating cash flow (534.2%, greater than 20% of total debt).
  • HengTen Networks Group earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess HengTen Networks 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. HengTen Networks 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 HengTen Networks 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 HengTen Networks Group dividends.
If you bought HK$2,000 of HengTen Networks 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 HengTen Networks Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate HengTen Networks 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:136 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
Global Online Retail Industry Average Dividend Yield Market Cap Weighted Average of 20 Stocks 1.5%
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:136 Future Dividends Estimate Data
Date (Data in CN¥) 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 HengTen Networks Group has not reported any payouts.
  • Unable to verify if HengTen Networks Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of HengTen Networks Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as HengTen Networks 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 HengTen Networks 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 HengTen Networks Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. HengTen Networks 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 HengTen Networks 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.
  • HengTen Networks Group has no CEO, or we have no data on them.
Management Team

Wen Xu

TITLE
Chairman of the Board
COMPENSATION
CN¥189K
AGE
56
TENURE
2.3 yrs

Yongzhuo Liu

TITLE
Executive Director
COMPENSATION
CN¥189K
AGE
42

Xiangui Huang

TITLE
Executive Director
COMPENSATION
CN¥189K
AGE
48

Yueqiang Zhuo

TITLE
Executive Director
AGE
43

Maria Olimpia Chan

TITLE
COMPENSATION
CN¥79K
AGE
75

Zhi Qing Gao

TITLE
Executive Officer of Sales and Marketing Operation
AGE
83

Jimmy Fong

TITLE
Company Secretary
AGE
44
TENURE
3.8 yrs
Board of Directors Tenure

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

3.8
Average Tenure
49
Average Age
  • The tenure for the HengTen Networks Group board of directors is about average.
Board of Directors

Wen Xu

TITLE
Chairman of the Board
COMPENSATION
CN¥189K
AGE
56
TENURE
2.3 yrs

Peter Whitelam

TITLE
Emeritus Chairman
COMPENSATION
CN¥473K
AGE
90
TENURE
5.4 yrs

Yongzhuo Liu

TITLE
Executive Director
COMPENSATION
CN¥189K
AGE
42
TENURE
3.8 yrs

Xiangui Huang

TITLE
Executive Director
COMPENSATION
CN¥189K
AGE
48
TENURE
3.8 yrs

Yueqiang Zhuo

TITLE
Executive Director
AGE
43
TENURE
3.8 yrs

David Chau

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥300K
AGE
55
TENURE
3.8 yrs

Zhixin Nie

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥300K
AGE
56
TENURE
3.8 yrs

Haiquan Chen

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥300K
AGE
49
TENURE
3.8 yrs

Zhuomin Shi

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥300K
AGE
48
TENURE
2.8 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 HengTen Networks 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. HengTen Networks 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

Boasting A 12% Return On Equity, Is HengTen Networks Group Limited (HKG:136) A Top Quality Stock?

See our latest analysis for HengTen Networks Group How Do I Calculate Return On Equity? … The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for HengTen Networks Group: 12% = CN¥124m ÷ CN¥1.0b (Based on the trailing twelve months to December 2018.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … Combining HengTen Networks Group's Debt And Its 12% Return On Equity While HengTen Networks Group does have a tiny amount of debt, with debt to equity of just 0.051, we think the use of debt is very modest.

Simply Wall St -

Imagine Owning HengTen Networks Group (HKG:136) And Wondering If The 48% Share Price Slide Is Justified

We regret to report that long term HengTen Networks Group Limited (HKG:136) shareholders have had that experience, with the share price dropping 48% in three years, versus a market return of about 26%. … Check out our latest analysis for HengTen Networks Group While HengTen Networks Group made a small profit, in the last year, we think that the market is probably more focussed on the top line growth at the moment. … In the last three years, HengTen Networks Group saw its revenue grow by 57% per year, compound.

Simply Wall St -

Are HengTen Networks Group Limited’s (HKG:136) High Returns Really That Great?

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for HengTen Networks Group: 0.13 = CN¥147m ÷ (CN¥1.4b - CN¥333m) (Based on the trailing twelve months to December 2018.) Therefore, HengTen Networks Group has an ROCE of 13%. … Do HengTen Networks Group's Current Liabilities Skew Its ROCE? … HengTen Networks Group has total assets of CN¥1.4b and current liabilities of CN¥333m.

Simply Wall St -

If You Had Bought HengTen Networks Group Shares Five Years Ago You'd Have Made 39%

For example, the HengTen Networks Group Limited (HKG:136) share price is 39% higher than it was five years ago, which is more than the market average. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … During the five years of share price growth, HengTen Networks Group moved from a loss to profitability.

Simply Wall St -

Is HengTen Networks Group Limited’s (HKG:136) 21% ROCE Any Good?

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Understanding Return On Capital Employed (ROCE). … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

Can HengTen Networks Group Limited (HKG:136) Maintain Its Strong Returns?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Our data shows HengTen Networks Group has a return on equity of 17% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Is HengTen Networks Group Limited (HKG:136) As Strong As Its Balance Sheet Indicates?

Stocks with market capitalization between $2B and $10B, such as HengTen Networks Group Limited (HKG:136) with a size of HK$21b, do not attract as much attention from the investing community as do the small-caps and large-caps. … Don’t forget that this is a general and concentrated examination of HengTen Networks Group's financial health, so you should conduct further analysis. … Check out our latest analysis for HengTen Networks Group

Simply Wall St -

What Should You Know About HengTen Networks Group Limited's (HKG:136) Return On Capital?

and want to better understand how you can grow your money by investing in HengTen Networks Group Limited (HKG:136). … Therefore, looking at how efficiently HengTen Networks Group is able to use capital to create earnings will help us understand your potential return. … Check out our latest analysis for HengTen Networks Group

Simply Wall St -

Is HengTen Networks Group Limited's (HKG:136) 17.3% ROE Strong Compared To Its Industry?

HengTen Networks Group Limited (HKG:136) delivered an ROE of 17.3% over the past 12 months, which is an impressive feat relative to its industry average of 10.1% during the same period. … But ROE does not capture any debt, so we only see high profits and low equity, which is great on the surface. … See our latest analysis for HengTen Networks Group

Simply Wall St -

Is HengTen Networks Group Limited's (HKG:136) Liquidity Good Enough?

Small-cap and large-cap companies receive a lot of attention from investors, but mid-cap stocks like HengTen Networks Group Limited (HKG:136), with a market cap of HK$20.52b, are often out of the spotlight. … Remember this is a very top-level look that focuses exclusively on financial health, so I recommend a deeper analysis. … Check out our latest analysis for HengTen Networks Group

Simply Wall St -

Company Info

Description

HengTen Networks Group Limited, an investment holding company, engages in Internet community and related businesses in the People's Republic of China, Europe, and internationally. It operates HengTen Mimi, an Internet community service platform that provides property service platform support for the China Evergrande community; and Mimi Housekeeper App, which serves property management companies. The company is also involved in Internet home furnishing and materials logistics businesses. In addition, it invests and trades in securities; provides loan financing services; invests in properties; and manufactures, sells, and trades in accessories for photographic, electrical, and multimedia products. The company was formerly known as Mascotte Holdings Limited and changed its name to HengTen Networks Group Limited in October 2015. HengTen Networks Group Limited is headquartered in Wanchai, Hong Kong. HengTen Networks Group Limited is a subsidiary of China Evergrande Group.

Details
Name: HengTen Networks Group Limited
136
Exchange: SEHK
Founded:
HK$12,758,595,413
74,611,669,087
Website: http://www.htmimi.com
Address: HengTen Networks Group Limited
China Evergrande Centre,
23rd Floor,
Wanchai,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 136 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 25. Sep 1997
SHSC 136 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 25. Sep 1997
Number of employees
Current staff
Staff numbers
448
HengTen Networks Group employees.
Industry
Internet and Direct Marketing Retail
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/18 13:00
End of day share price update: 2019/07/18 00:00
Last estimates confirmation: 2017/04/28
Last earnings filing: 2019/04/26
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.