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China Rundong Auto Group

SEHK:1365
Snowflake Description

Moderate growth potential with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1365
SEHK
HK$615M
Market Cap
  1. Home
  2. HK
  3. Retail
Company description

China Rundong Auto Group Limited, an investment holding company, engages in the sale and service of motor vehicles in Mainland China. The last earnings update was 62 days ago. More info.


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  • China Rundong Auto Group has significant price volatility in the past 3 months.
1365 Share Price and Events
7 Day Returns
1.6%
SEHK:1365
5.4%
HK Specialty Retail
3.9%
HK Market
1 Year Returns
-76.9%
SEHK:1365
-17%
HK Specialty Retail
-8.1%
HK Market
1365 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
China Rundong Auto Group (1365) 1.6% -15.6% -72% -76.9% -80.1% -
HK Specialty Retail 5.4% 10.6% 0.1% -17% 21.6% -23.8%
HK Market 3.9% 3.5% -3.7% -8.1% 24.6% 7.1%
1 Year Return vs Industry and Market
  • 1365 underperformed the Specialty Retail industry which returned -17% over the past year.
  • 1365 underperformed the Market in Hong Kong which returned -8.1% over the past year.
Price Volatility
1365
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for China Rundong Auto Group's competitors could be found in our database.

1365 Value

 Is China Rundong Auto 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 Rundong Auto 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 China Rundong Auto Group.

SEHK:1365 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 13.9%
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:1365
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6%
Specialty Retail Unlevered Beta Simply Wall St/ S&P Global 0.87
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.869 (1 + (1- 25%) (1244.42%))
6.347
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (2 * 5.96%)
13.92%

Discounted Cash Flow Calculation for SEHK:1365 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for China Rundong Auto 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:1365 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 13.92%)
2019 10.50 Est @ -72.58% 9.22
2020 5.23 Est @ -50.21% 4.03
2021 3.42 Est @ -34.54% 2.32
2022 2.62 Est @ -23.58% 1.55
2023 2.20 Est @ -15.91% 1.15
2024 1.97 Est @ -10.53% 0.90
2025 1.83 Est @ -6.77% 0.74
2026 1.76 Est @ -4.14% 0.62
2027 1.72 Est @ -2.3% 0.53
2028 1.70 Est @ -1.01% 0.46
Present value of next 10 years cash flows CN¥21.51
SEHK:1365 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CN¥1.70 × (1 + 2%) ÷ (13.92% – 2%)
CN¥14.56
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥14.56 ÷ (1 + 13.92%)10
CN¥3.95
SEHK:1365 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥21.51 + CN¥3.95
CN¥25.47
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥25.47 / 946.48
CN¥0.03
SEHK:1365 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:1365)
1.135
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥0.03 x 1.135
HK$0.03
Value per share (HKD) From above. HK$0.03
Current discount Discount to share price of HK$0.65
= -1 x (HK$0.65 - HK$0.03) / HK$0.03
-2027.8%

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

  • The current share price of China Rundong Auto 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 China Rundong Auto Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are China Rundong Auto Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:1365 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥-1.60
SEHK:1365 Share Price ** SEHK (2019-06-25) in HKD HK$0.65
SEHK:1365 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.881 CN¥0.57
Hong Kong Specialty Retail Industry PE Ratio Median Figure of 35 Publicly-Listed Specialty Retail Companies 11.4x
Hong Kong Market PE Ratio Median Figure of 1,487 Publicly-Listed Companies 10.8x

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

** Primary Listing of China Rundong Auto Group.

SEHK:1365 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1365 Share Price ÷ EPS (both in CNY)

= 0.57 ÷ -1.60

-0.36x

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

  • China Rundong Auto Group is loss making, we can't compare its value to the HK Specialty Retail industry average.
  • China Rundong Auto Group is loss making, we can't compare the value of its earnings to the Hong Kong market.
Price based on expected Growth
Does China Rundong Auto Group's expected growth come at a high price?
Raw Data
SEHK:1365 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.36x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
61.6%per year
Hong Kong Specialty Retail Industry PEG Ratio Median Figure of 12 Publicly-Listed Specialty Retail Companies 0.77x
Hong Kong Market PEG Ratio Median Figure of 470 Publicly-Listed Companies 0.78x

*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 China Rundong Auto Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on China Rundong Auto Group's assets?
Raw Data
SEHK:1365 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥2.22
SEHK:1365 Share Price * SEHK (2019-06-25) in HKD HK$0.65
SEHK:1365 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.881 CN¥0.57
Hong Kong Specialty Retail Industry PB Ratio Median Figure of 57 Publicly-Listed Specialty Retail Companies 0.95x
Hong Kong Market PB Ratio Median Figure of 2,172 Publicly-Listed Companies 0.94x
SEHK:1365 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1365 Share Price ÷ Book Value per Share (both in CNY)

= 0.57 ÷ 2.22

0.26x

* Primary Listing of China Rundong Auto Group.

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

  • China Rundong Auto Group is good value based on assets compared to the HK Specialty Retail industry average.
X
Value checks
We assess China Rundong Auto 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 Specialty 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 Specialty Retail industry average (and greater than 0)? (1 check)
  5. China Rundong Auto Group has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

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

1365 Future Performance

 How is China Rundong Auto Group expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover China Rundong Auto 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
61.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is China Rundong Auto Group expected to grow at an attractive rate?
  • China Rundong Auto Group's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • China Rundong Auto Group's earnings growth is expected to exceed the Hong Kong market average.
  • Unable to compare China Rundong Auto Group's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:1365 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:1365 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 61.6%
Hong Kong Specialty Retail Industry Earnings Growth Rate Market Cap Weighted Average 16.8%
Hong Kong Specialty Retail Industry Revenue Growth Rate Market Cap Weighted Average 8.5%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.1%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

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

Analysts growth expectations
Raw Data
SEHK:1365 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 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:1365 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
SEHK:1365 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 12,713 239 -1,514
2018-09-30 15,019 361 -673
2018-06-30 17,325 484 169
2018-03-31 18,218 458 215
2017-12-31 19,111 431 261
2017-09-30 19,253 753 275
2017-06-30 19,394 1,075 289
2017-03-31 18,684 935 281
2016-12-31 17,973 796 274
2016-09-30 16,714 425 240
2016-06-30 15,454 54 207
2016-03-31 15,189 -78 205

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • China Rundong Auto Group's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if China Rundong Auto 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:1365 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from China Rundong Auto Group Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1365 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
SEHK:1365 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 -1.60
2018-09-30 -0.71
2018-06-30 0.18
2018-03-31 0.23
2017-12-31 0.28
2017-09-30 0.29
2017-06-30 0.30
2017-03-31 0.30
2016-12-31 0.29
2016-09-30 0.25
2016-06-30 0.21
2016-03-31 0.21

*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 China Rundong Auto Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess China Rundong Auto 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 Rundong Auto Group has a total score of 3/6, 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.

1365 Past Performance

  How has China Rundong Auto 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 Rundong Auto Group's growth in the last year to its industry (Specialty 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.
  • China Rundong Auto Group does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare China Rundong Auto Group's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare China Rundong Auto Group's 1-year growth to the HK Specialty Retail industry average as it is not currently profitable.
Earnings and Revenue History
China Rundong Auto 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 Rundong Auto Group Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1365 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 12,712.63 -1,513.80 1,070.54
2018-09-30 15,018.67 -672.52 1,036.05
2018-06-30 17,324.71 168.76 996.22
2018-03-31 18,217.90 214.88 988.26
2017-12-31 19,111.08 261.00 985.64
2017-09-30 19,252.72 274.78 986.30
2017-06-30 19,394.35 288.56 986.97
2017-03-31 18,683.67 281.04 979.41
2016-12-31 17,972.99 273.52 971.86
2016-09-30 16,713.50 240.14 966.10
2016-06-30 15,454.02 206.77 960.35
2016-03-31 15,188.54 205.04 946.41
2015-12-31 14,923.05 203.30 932.47
2015-09-30 15,071.46 209.28 911.21
2015-06-30 15,219.86 215.26 889.95
2015-03-31 15,248.35 262.42 872.81
2014-12-31 15,469.32 305.42 861.96
2014-09-30 14,748.41 321.38 782.24
2014-06-30 14,027.51 337.33 702.52
2014-03-31 13,084.10 306.20 627.41
2013-12-31 11,587.84 238.96 550.14
2012-12-31 9,383.81 92.21 437.80

*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 China Rundong Auto 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 China Rundong Auto Group has efficiently used its assets last year compared to the HK Specialty Retail industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if China Rundong Auto 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 China Rundong Auto 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 Specialty 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.
China Rundong Auto 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.

1365 Health

 How is China Rundong Auto 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 Rundong Auto Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • China Rundong Auto Group's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • China Rundong Auto Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of China Rundong Auto 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 1.2x 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 Rundong Auto Group Company Filings, last reported 5 months ago.

SEHK:1365 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 2,102.72 6,743.66 875.77
2018-09-30 2,102.72 6,743.66 875.77
2018-06-30 3,661.55 6,988.71 648.27
2018-03-31 3,661.55 6,988.71 648.27
2017-12-31 3,631.76 7,716.18 1,241.29
2017-09-30 3,631.76 7,716.18 1,241.29
2017-06-30 3,512.78 5,354.44 769.40
2017-03-31 3,512.78 5,354.44 769.40
2016-12-31 3,416.09 5,502.83 1,270.51
2016-09-30 3,416.09 5,502.83 1,270.51
2016-06-30 3,334.80 6,094.17 1,477.05
2016-03-31 3,334.80 6,094.17 1,477.05
2015-12-31 3,216.73 5,209.92 1,560.82
2015-09-30 3,216.73 5,209.92 1,560.82
2015-06-30 1,850.36 5,193.11 881.16
2015-03-31 1,850.36 5,193.11 881.16
2014-12-31 1,739.60 3,934.00 1,132.18
2014-09-30 1,739.60 3,934.00 1,132.18
2014-06-30 1,171.81 4,142.08 567.36
2014-03-31 1,068.40 3,965.50 560.98
2013-12-31 944.44 3,560.49 440.83
2012-12-31 692.17 3,448.68 370.38
  • China Rundong Auto Group's level of debt (320.7%) 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 (376.9% vs 320.7% today).
  • Debt is not well covered by operating cash flow (3.5%, less than 20% of total debt).
  • Unable to confirm if the interest payments on China Rundong Auto Group's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess China Rundong Auto 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 Rundong Auto Group has a total score of 2/6, 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.

1365 Dividends

 What is China Rundong Auto 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 China Rundong Auto Group dividends.
If you bought HK$2,000 of China Rundong Auto 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 China Rundong Auto Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate China Rundong Auto 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:1365 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
Hong Kong Specialty Retail Industry Average Dividend Yield Market Cap Weighted Average of 27 Stocks 5.7%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 966 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 5.9%

Industry and Market average data is calculated daily.

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

SEHK:1365 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 China Rundong Auto Group has not reported any payouts.
  • Unable to verify if China Rundong Auto Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of China Rundong Auto Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as China Rundong Auto 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 China Rundong Auto 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 China Rundong Auto Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. China Rundong Auto 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.

1365 Management

 What is the CEO of China Rundong Auto 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
Peng Yang
COMPENSATION CN¥1,341,000
AGE 48
TENURE AS CEO 1.9 years
CEO Bio

Mr. Peng Yang has been Chief Executive Officer of China Greenland Rundong Auto Group Limited since July 5, 2017 and serves as its Chairman. Mr. Yang has been an Executive Director at China Greenland Rundong Auto Group Limited (alternate name, China Rundong Auto Group Limited) since January 15, 2014. He served as President at China Rundong Auto Group Limited since March 1998 until July 5, 2017. He is the Founder of China Greenland Rundong Group. Mr. Yang is responsible for China Greenland Rundong Group's overall business development and strategic planning. He has substantial experience in the automobile dealership industry. From October 1999 to October 2001, he served as the deputy general manager of Jiangsu Hangao Information Industry Co., Ltd. He also worked at the finance department of Xuzhou Transportation Bureau from September 1990 to September 1992. Mr. Yang obtained an EMBA degree from Cheung Kong Graduate School of Business in October 2009.

CEO Compensation
  • Peng's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Peng's remuneration is about average for companies of similar size in Hong Kong.
Management Team

Peng Yang

TITLE
Chairman & CEO
COMPENSATION
CN¥1M
AGE
48
TENURE
1.9 yrs

Siu Pik Ho

TITLE
Company Secretary
AGE
54
TENURE
0.3 yrs

Ruoxu Zhao

TITLE
Executive

Chundong Gu

TITLE
Executive
Board of Directors Tenure

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

4.9
Average Tenure
54
Average Age
  • The tenure for the China Rundong Auto Group board of directors is about average.
Board of Directors

Peng Yang

TITLE
Chairman & CEO
COMPENSATION
CN¥1M
AGE
48

Jianping Mei

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥220K
AGE
58
TENURE
4.9 yrs

Conway Lee

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥220K
AGE
64
TENURE
4.9 yrs

Zhengsan Xiao

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥220K
AGE
54
TENURE
4.9 yrs

Xin Li

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥220K
AGE
45
TENURE
2 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$) Value (HK$)
07. May 19 Sell OCI International Holdings Limited Company 05. May 19 05. May 19 -78,000,000 HK$1.81 HK$-140,953,823
X
Management checks
We assess China Rundong Auto 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 Rundong Auto 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.

1365 News

Simply Wall St News

The China Rundong Auto Group (HKG:1365) Share Price Is Down 20% So Some Shareholders Are Getting Worried

That downside risk was realized by China Rundong Auto Group Limited (HKG:1365) shareholders over the last year, as the share price declined 20%. … See our latest analysis for China Rundong Auto Group. … 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).

Simply Wall St -

Why We’re Not Impressed By China Rundong Auto Group Limited’s (HKG:1365) 2.6% ROCE

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. … What is 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 -

What Does China Rundong Auto Group Limited's (HKG:1365) P/E Ratio Tell You?

To keep it practical, we'll show how China Rundong Auto Group Limited's (HKG:1365) P/E ratio could help you assess the value on offer. … China Rundong Auto Group has a price to earnings ratio of 14.38, based on the last twelve months. … Price to Earnings Ratio = Price per Share (in the reporting currency) ÷ Earnings per Share (EPS)

Simply Wall St -

What Kind Of Investor Owns Most Of China Rundong Auto Group Limited (HKG:1365)?

The big shareholder groups in China Rundong Auto Group Limited (HKG:1365) have power over the company. … China Rundong Auto Group is not a large company by global standards. … See our latest analysis for China Rundong Auto Group

Simply Wall St -

What Should Investors Know About China Rundong Auto Group Limited's (HKG:1365) Capital Returns?

and looking to gauge the potential return on investment in China Rundong Auto Group Limited (HKG:1365). … China Rundong Auto Group stock represents an ownership share in the company. … Therefore, looking at how efficiently China Rundong Auto Group is able to use capital to create earnings will help us understand your potential return.

Simply Wall St -

What Should Investors Know About China Rundong Auto Group Limited's (HKG:1365) Capital Returns?

and want to better understand how you can grow your money by investing in China Rundong Auto Group Limited (HKG:1365). … Therefore, looking at how efficiently China Rundong Auto Group is able to use capital to create earnings will help us understand your potential return. … China Rundong Auto Group's Return On Capital Employed

Simply Wall St -

What You Must Know About China Rundong Auto Group Limited's (HKG:1365) Financial Strength

While small-cap stocks, such as China Rundong Auto Group Limited (HKG:1365) with its market cap of HK$2.74b, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Specialty Retail businesses operating in the environment facing headwinds from current disruption,.

Simply Wall St -

1365 Company Info

Description

China Rundong Auto Group Limited, an investment holding company, engages in the sale and service of motor vehicles in Mainland China. The company’s brand portfolio includes 9 luxury brands, which comprise BMW, MINI, Jaguar, Land Rover, Alfa Romeo, Audi, Lexus, Cadillac, and Chrysler; 2 ultra-luxury brands, such as Maserati and Ferrari; and 14 mid- to high-end brands consisting of Buick, Hyundai, Ford, Chevrolet, Shanghai-Volkswagen, Kia, Dongfeng Honda, GAC-Honda, FAW-Toyota, GAC-Toyota, Toyota, Dongfeng Nissan, Zhengzhou Nissan, and FAW-Volkswagen. It also provides after-sale services; and sells spare parts and accessories. In addition, the company engages in the brokerage of automobile insurance; and provision of automobile financing and leasing services. As of December 31, 2018, it operated 85 stores, which included 62 stores located in Jiangsu Province, 14 stores in Shandong Province, and 6 stores in Shanghai, as well as 1 store each in the provinces of Zhejiang, Anhui, and Liaoning. The company was formerly known as China Greenland Rundong Auto Group Limited and changed its name to China Rundong Auto Group Limited in February 2017. China Rundong Auto Group Limited was founded in 1998 and is headquartered in Shanghai, China.

Details
Name: China Rundong Auto Group Limited
1365
Exchange: SEHK
Founded: 1998
HK$615,209,400
946,476,000
Website: http://www.rundongauto.cn
Address: China Rundong Auto Group Limited
Shenzhou Wisdom Plaza,
9th Floor,
Shanghai,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1365 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 12. Aug 2014
SEHK 1365 USD0.0000005 The Stock Exchange of Hong Kong Ltd. HK HKD 26. Jun 2019
Number of employees
Current staff
Staff numbers
5,409
China Rundong Auto Group employees.
Industry
Automotive Retail
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/26 02:17
End of day share price update: 2019/06/25 00:00
Last estimates confirmation: 2018/03/28
Last earnings filing: 2019/04/25
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.