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Xinhua Winshare Publishing and Media

SEHK:811
Snowflake Description

Very undervalued with flawless balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
811
SEHK
HK$13B
Market Cap
  1. Home
  2. HK
  3. Retail
Company description

Xinhua Winshare Publishing and Media Co., Ltd. The last earnings update was 58 days ago. More info.


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811 Share Price and Events
7 Day Returns
3.2%
SEHK:811
0.8%
HK Retail Distributors
-0.2%
HK Market
1 Year Returns
2.2%
SEHK:811
-23.5%
HK Retail Distributors
-6.6%
HK Market
811 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Xinhua Winshare Publishing and Media (811) 3.2% 4.7% -6.4% 2.2% -33.5% 8.2%
HK Retail Distributors 0.8% 0.1% -9.4% -23.5% -34.5% -65.8%
HK Market -0.2% 2.3% -5.5% -6.6% 22.5% 4.4%
1 Year Return vs Industry and Market
  • 811 outperformed the Retail Distributors industry which returned -23.5% over the past year.
  • 811 outperformed the Market in Hong Kong which returned -6.6% over the past year.
Price Volatility
811
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Xinhua Winshare Publishing and Media's competitors could be found in our database.

811 Value

 Is Xinhua Winshare Publishing and Media 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 Xinhua Winshare Publishing and Media 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 Xinhua Winshare Publishing and Media.

SEHK:811 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.3%
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:811
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6%
Retail Distributors Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.812 (1 + (1- 25%) (2.33%))
0.884
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.88
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (0.884 * 5.96%)
7.27%

Discounted Cash Flow Calculation for SEHK:811 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Xinhua Winshare Publishing and Media 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:811 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 7.27%)
2019 944.62 Est @ 19.98% 880.60
2020 1,082.43 Est @ 14.59% 940.69
2021 1,199.47 Est @ 10.81% 971.76
2022 1,297.47 Est @ 8.17% 979.92
2023 1,379.47 Est @ 6.32% 971.25
2024 1,448.79 Est @ 5.02% 950.92
2025 1,508.45 Est @ 4.12% 922.99
2026 1,561.00 Est @ 3.48% 890.41
2027 1,608.45 Est @ 3.04% 855.30
2028 1,652.33 Est @ 2.73% 819.09
Present value of next 10 years cash flows CN¥9,182.94
SEHK:811 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CN¥1,652.33 × (1 + 2%) ÷ (7.27% – 2%)
CN¥32,002.48
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥32,002.48 ÷ (1 + 7.27%)10
CN¥15,864.21
SEHK:811 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥9,182.94 + CN¥15,864.21
CN¥25,047.15
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥25,047.15 / 1,233.84
CN¥20.3
SEHK:811 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:811)
1.135
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥20.3 x 1.135
HK$23.05
Value per share (HKD) From above. HK$23.05
Current discount Discount to share price of HK$5.52
= -1 x (HK$5.52 - HK$23.05) / HK$23.05
76%

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

Current Discount
Amount off the current price Xinhua Winshare Publishing and Media is available for.
Intrinsic value
>50%
Share price is HK$5.52 vs Future cash flow value of HK$23.05
Current Discount Checks
For Xinhua Winshare Publishing and Media to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Xinhua Winshare Publishing and Media's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Xinhua Winshare Publishing and Media'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 Xinhua Winshare Publishing and Media's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Xinhua Winshare Publishing and Media's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:811 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in CNY CN¥0.79
SEHK:811 Share Price ** SEHK (2019-06-26) in HKD HK$5.52
SEHK:811 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.881 CN¥4.86
Hong Kong Retail Distributors Industry PE Ratio Median Figure of 16 Publicly-Listed Retail Distributors Companies 12.74x
Hong Kong Market PE Ratio Median Figure of 1,488 Publicly-Listed Companies 10.77x

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

** Primary Listing of Xinhua Winshare Publishing and Media.

SEHK:811 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:811 Share Price ÷ EPS (both in CNY)

= 4.86 ÷ 0.79

6.15x

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

  • Xinhua Winshare Publishing and Media is good value based on earnings compared to the HK Retail Distributors industry average.
  • Xinhua Winshare Publishing and Media is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Xinhua Winshare Publishing and Media's expected growth come at a high price?
Raw Data
SEHK:811 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.15x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
10.1%per year
Global Retail Distributors Industry PEG Ratio Median Figure of 20 Publicly-Listed Retail Distributors Companies 1.22x
Hong Kong Market PEG Ratio Median Figure of 470 Publicly-Listed Companies 0.77x

*Line of best fit is calculated by linear regression .

SEHK:811 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.15x ÷ 10.1%

0.61x

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

  • Xinhua Winshare Publishing and Media is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Xinhua Winshare Publishing and Media's assets?
Raw Data
SEHK:811 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in CNY CN¥7.27
SEHK:811 Share Price * SEHK (2019-06-26) in HKD HK$5.52
SEHK:811 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.881 CN¥4.86
Hong Kong Retail Distributors Industry PB Ratio Median Figure of 30 Publicly-Listed Retail Distributors Companies 0.98x
Hong Kong Market PB Ratio Median Figure of 2,173 Publicly-Listed Companies 0.93x
SEHK:811 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:811 Share Price ÷ Book Value per Share (both in CNY)

= 4.86 ÷ 7.27

0.67x

* Primary Listing of Xinhua Winshare Publishing and Media.

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

  • Xinhua Winshare Publishing and Media is good value based on assets compared to the HK Retail Distributors industry average.
X
Value checks
We assess Xinhua Winshare Publishing and Media'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 Retail Distributors 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 Retail Distributors industry average (and greater than 0)? (1 check)
  5. Xinhua Winshare Publishing and Media has a total score of 6/6, 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.

811 Future Performance

 How is Xinhua Winshare Publishing and Media expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
10.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Xinhua Winshare Publishing and Media expected to grow at an attractive rate?
  • Xinhua Winshare Publishing and Media's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • Xinhua Winshare Publishing and Media's earnings growth is positive but not above the Hong Kong market average.
  • Xinhua Winshare Publishing and Media's revenue growth is positive but not above the Hong Kong market average.
Annual Growth Rates Comparison
Raw Data
SEHK:811 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:811 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 10.1%
SEHK:811 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 7.6%
Hong Kong Retail Distributors Industry Earnings Growth Rate Market Cap Weighted Average 2.9%
Global Retail Distributors Industry Revenue Growth Rate Market Cap Weighted Average 4.7%
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:811 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:811 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 10,251 1,346 1,272 1
2020-12-31 9,617 1,221 1,145 1
2019-12-31 8,910 1,217 1,026 1
SEHK:811 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-03-31 8,311 1,051 970
2018-12-31 8,187 993 932
2018-09-30 7,812 830 848
2018-06-30 7,738 826 875
2018-03-31 7,384 340 916
2017-12-31 7,346 346 924
2017-09-30 7,019 651 842
2017-06-30 6,822 547 795
2017-03-31 6,561 734 661
2016-12-31 6,356 683 647
2016-09-30 6,006 487 633
2016-06-30 6,032 815 654

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Xinhua Winshare Publishing and Media's earnings are expected to grow by 10.1% yearly, however this is not considered high growth (20% yearly).
  • Xinhua Winshare Publishing and Media's revenue is expected to grow by 7.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SEHK:811 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Xinhua Winshare Publishing and Media Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:811 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
SEHK:811 Past Financials Data
Date (Data in CNY Millions) EPS *
2019-03-31 0.79
2018-12-31 0.76
2018-09-30 0.68
2018-06-30 0.72
2018-03-31 0.74
2017-12-31 0.75
2017-09-30 0.68
2017-06-30 0.65
2017-03-31 0.56
2016-12-31 0.55
2016-09-30 0.55
2016-06-30 0.58

*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.
  • Xinhua Winshare Publishing and Media is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Xinhua Winshare Publishing and Media'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.
Xinhua Winshare Publishing and Media has a total score of 1/6, 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.

811 Past Performance

  How has Xinhua Winshare Publishing and Media 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 Xinhua Winshare Publishing and Media's growth in the last year to its industry (Retail Distributors).
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.
  • Xinhua Winshare Publishing and Media's year on year earnings growth rate has been positive over the past 5 years.
  • Xinhua Winshare Publishing and Media's 1-year earnings growth is less than its 5-year average (6% vs 9.5%)
  • Xinhua Winshare Publishing and Media's earnings growth has exceeded the HK Retail Distributors industry average in the past year (6% vs -1.7%).
Earnings and Revenue History
Xinhua Winshare Publishing and Media'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 Xinhua Winshare Publishing and Media Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:811 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 8,311.27 970.33 2,239.86 13.41
2018-12-31 8,186.58 932.18 2,185.15 13.59
2018-09-30 7,811.79 847.85 2,133.08 12.12
2018-06-30 7,737.55 874.82 2,075.90 14.36
2018-03-31 7,383.97 915.61 1,986.66 6.60
2017-12-31 7,345.88 923.84 1,966.32 5.82
2017-09-30 7,018.52 841.96 1,856.16 5.04
2017-06-30 6,821.81 795.36 1,834.94 1.09
2017-03-31 6,560.71 661.09 1,801.26
2016-12-31 6,356.17 647.46 1,793.09
2016-09-30 6,006.40 633.07 1,725.77
2016-06-30 6,031.84 653.70 1,746.70
2016-03-31 5,864.05 648.49 1,694.29
2015-12-31 5,732.69 647.27 1,686.79
2015-09-30 5,625.06 653.47 1,675.24
2015-06-30 5,517.42 659.67 1,663.70
2015-03-31 5,398.03 648.82 1,621.89
2014-12-31 5,278.64 637.97 1,580.07
2014-09-30 5,223.28 636.03 1,579.81
2014-06-30 5,176.49 637.50 1,581.53
2014-03-31 5,155.78 630.46 1,576.55
2013-12-31 5,135.07 623.41 1,571.57
2013-09-30 4,910.11 644.15 1,560.45
2013-06-30 4,685.16 664.89 1,549.33
2013-03-31 4,638.65 647.13 1,550.91
2012-12-31 4,592.14 629.37 1,552.50
2012-09-30 4,703.62 606.19 1,528.30
2012-06-30 4,815.09 583.01 1,504.10

*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.
  • Xinhua Winshare Publishing and Media has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Xinhua Winshare Publishing and Media used its assets more efficiently than the HK Retail Distributors industry average last year based on Return on Assets.
  • Xinhua Winshare Publishing and Media has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Xinhua Winshare Publishing and Media'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 Retail Distributors 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.
Xinhua Winshare Publishing and Media 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.

811 Health

 How is Xinhua Winshare Publishing and Media'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 Xinhua Winshare Publishing and Media's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Xinhua Winshare Publishing and Media is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Xinhua Winshare Publishing and Media's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Xinhua Winshare Publishing and Media'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.
  • Xinhua Winshare Publishing and Media has no debt, it does not need to be covered by short term assets.
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 Xinhua Winshare Publishing and Media Company Filings, last reported 2 months ago.

SEHK:811 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 8,911.05 0.00 3,832.92
2018-12-31 8,406.03 0.00 3,871.04
2018-09-30 8,136.35 0.00 3,580.61
2018-06-30 8,063.86 0.00 3,510.85
2018-03-31 8,599.45 0.00 3,158.96
2017-12-31 7,956.82 0.00 2,165.68
2017-09-30 7,839.01 0.00 1,956.85
2017-06-30 7,940.09 0.00 2,816.69
2017-03-31 8,388.70 0.00 1,814.32
2016-12-31 8,294.48 0.00 2,648.59
2016-09-30
2016-06-30 6,884.36 0.00 1,875.89
2016-03-31 7,239.51 0.00 1,960.70
2015-12-31 7,239.51 0.00 1,960.70
2015-09-30 7,239.51 0.00 1,960.70
2015-06-30 6,590.39 35.00 1,549.32
2015-03-31 6,590.39 35.00 1,549.32
2014-12-31 5,853.45 50.00 1,601.34
2014-09-30 5,820.87 50.00 1,576.79
2014-06-30 5,318.73 35.00 1,559.94
2014-03-31 5,318.73 35.00 1,559.94
2013-12-31 5,304.69 65.00 1,546.24
2013-09-30 5,304.69 65.00 1,546.24
2013-06-30 5,174.27 65.00 1,941.19
2013-03-31 5,174.27 65.00 1,941.19
2012-12-31 5,254.02 324.25 2,201.61
2012-09-30 5,254.02 324.25 2,201.61
2012-06-30 4,697.88 96.83 2,004.25
  • Xinhua Winshare Publishing and Media has no debt.
  • Xinhua Winshare Publishing and Media has no debt compared to 5 years ago when it was 0.7%.
  • Xinhua Winshare Publishing and Media has no debt, it does not need to be covered by operating cash flow.
  • Xinhua Winshare Publishing and Media has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Xinhua Winshare Publishing and Media'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. Xinhua Winshare Publishing and Media 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.

811 Dividends

 What is Xinhua Winshare Publishing and Media'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
6.17%
Current annual income from Xinhua Winshare Publishing and Media dividends.
If you bought HK$2,000 of Xinhua Winshare Publishing and Media shares you are expected to receive HK$123 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?
  • Xinhua Winshare Publishing and Media's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.1%).
  • Xinhua Winshare Publishing and Media's dividend is above the markets top 25% of dividend payers in Hong Kong (5.89%).
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:811 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Hong Kong Retail Distributors Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 5.3%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 966 Stocks 3.7%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.2%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.1%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.9%

Industry and Market average data is calculated daily.

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

SEHK:811 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
SEHK:811 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-03-27 0.300 6.005
2018-05-30 0.300 6.507
2017-10-30 0.000 0.000
2017-09-15 0.000 0.000
2017-08-29 0.000 0.000
2017-05-25 0.600 10.650
2016-12-15 0.600 9.618
2016-09-12 0.000 0.000
2016-08-30 0.000 0.000
2016-04-19 0.000 0.000
2016-03-29 0.000 0.000
2015-05-13 0.300 5.237
2014-04-08 0.300 5.919
2014-03-10 0.300 8.689
2013-05-09 0.300 9.202
2012-03-26 0.300 9.472
2011-03-30 0.300 9.835
2010-04-01 0.280 7.598
2009-04-23 0.200 7.500

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Xinhua Winshare Publishing and Media's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.6x coverage).
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 Xinhua Winshare Publishing and Media'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 Xinhua Winshare Publishing and Media afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Xinhua Winshare Publishing and Media has a total score of 4/6, see the detailed checks below.


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

811 Management

 What is the CEO of Xinhua Winshare Publishing and Media'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
Miao Yang
COMPENSATION CN¥1,419,000
AGE 48
TENURE AS CEO 5.5 years
CEO Bio

Mr. Miao Yang has been an Executive Director of Xinhua Winshare Publishing and Media Co., Ltd. since March 6, 2015. Mr. Yang was General Manager at Xinhua Winshare Publishing and Media Co., Ltd. (formerly Sichuan Xinhua Winshare Chainstore Co., Ltd.) since December 10, 2013 until April 19, 2019. Mr. Yang served as Deputy General Manager of Xinhua Winshare Publishing and Media Co., Ltd. (formerly Sichuan Xinhua Winshare Chainstore Co., Ltd.) from July 2008 to December 10, 2013 and served as its General Manager from April 20, 2006 to July 2008. Mr. Miao started his career as a Deputy Sales Manager of Sichuan Province Xinhua Bookstore Textbook Company in 1994, became Sales Manager and Deputy Manager in 1996 and 1999, respectively. He worked as the Deputy Manager of Xinhua Book & Trading from 1999 to 2000. From 2001 to June 2005, Mr. Miao served as Manager at the textbook distribution company of its Parent. He joined Sichuan Xinhua Winshare Chainstore Co. Ltd. Company in June 2005 and he was appointed Deputy General Manager of Sichuan Xinhua Winshare Chainstore Co. Ltd. Company and General Manager of its textbook distribution department. Mr. Miao has more than 12 years of experience in a wide variety of areas within the book publishing and distributing industries. Mr. Miao served as an Executive Director of Sichuan Xinhua Winshare Chainstore Co. Ltd. from April 22, 2007 to July 2008. Mr. Miao graduated from the University of Chengdu in 1990 with a bachelor's degree majoring in public relationship and economic law. He also completed two postgraduate courses in Business Administration at the School of Economics and Management of Tsinghua University and People's University of China in 2002 and 2003, respectively.

CEO Compensation
  • Miao's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.
  • Miao's remuneration is lower than average for companies of similar size in Hong Kong.
Management Team Tenure

Average tenure and age of the Xinhua Winshare Publishing and Media management team in years:

10.3
Average Tenure
56
Average Age
  • The average tenure for the Xinhua Winshare Publishing and Media management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Zhiyong He

TITLE
Chairman of the Board
AGE
58

Miao Yang

TITLE
Executive Director
COMPENSATION
CN¥1M
AGE
48
TENURE
5.5 yrs

Yunhua Chen

TITLE
Vice Chairman
AGE
57

Qiang Li

TITLE
General Manager
COMPENSATION
CN¥11M
AGE
45
TENURE
0.2 yrs

Zaixiang Zhu

TITLE
Chief Financial Officer
COMPENSATION
CN¥8M
AGE
57
TENURE
14 yrs

Dali Chen

TITLE
Deputy General Manager
COMPENSATION
CN¥8M
AGE
56
TENURE
14 yrs

Qingguo An

TITLE
Deputy General Manager
COMPENSATION
CN¥6M
AGE
63
TENURE
8.5 yrs

Zugang You

TITLE
Company Secretary
COMPENSATION
CN¥9M
AGE
56
TENURE
14 yrs

Hong Lan

TITLE
Deputy Head of Board Office & Supervisor
COMPENSATION
CN¥250K
AGE
51
TENURE
12 yrs

Yan Wang

TITLE
Deputy Head of the Financial Management Centre & Supervisor
AGE
40
TENURE
7.6 yrs
Board of Directors Tenure

Average tenure and age of the Xinhua Winshare Publishing and Media board of directors in years:

3.9
Average Tenure
54
Average Age
  • The tenure for the Xinhua Winshare Publishing and Media board of directors is about average.
Board of Directors

Zhiyong He

TITLE
Chairman of the Board
AGE
58
TENURE
3.5 yrs

Miao Yang

TITLE
Executive Director
COMPENSATION
CN¥1M
AGE
48
TENURE
4.3 yrs

Yunhua Chen

TITLE
Vice Chairman
AGE
57
TENURE
1.5 yrs

Hong Lan

TITLE
Deputy Head of Board Office & Supervisor
COMPENSATION
CN¥250K
AGE
51
TENURE
14 yrs

Yan Wang

TITLE
Deputy Head of the Financial Management Centre & Supervisor
AGE
40
TENURE
4.3 yrs

Xiaoming Han

TITLE
Non-Executive Director
COMPENSATION
CN¥65K
AGE
65
TENURE
2.1 yrs

Jimmy Chan

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥253K
AGE
56
TENURE
3.3 yrs

Liping Xiao

TITLE
Independent Non-Executive Director
AGE
62
TENURE
4.3 yrs

Xiongxing Tang

TITLE
Chairman of Supervisory Committee
AGE
52
TENURE
1.5 yrs

Jun Luo

TITLE
Non-Executive Director
AGE
52
TENURE
10.9 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$) Value (HK$)
13. Dec 18 Sell Seafarer Capital Partners, LLC Company 10. Dec 18 10. Dec 18 -385,000 HK$5.10 HK$-1,964,694
X
Management checks
We assess Xinhua Winshare Publishing and Media'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. Xinhua Winshare Publishing and Media 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.

811 News

Simply Wall St News

With An ROE Of 10.52%, Has Xinhua Winshare Publishing and Media Co Ltd's (HKG:811) Management Done Well?

and want to learn about Return on Equity using a real-life example. … With an ROE of 10.52%, Xinhua Winshare Publishing and Media Co Ltd (HKG:811) outpaced its own industry which delivered a less exciting 6.57% over the past year. … See our latest analysis for Xinhua Winshare Publishing and Media

Simply Wall St -

How Financially Strong Is Xinhua Winshare Publishing and Media Co Ltd (HKG:811)?

The direct benefit for Xinhua Winshare Publishing and Media Co Ltd (HKG:811), which sports a zero-debt capital structure, to include debt in its capital structure is the reduced cost of capital. … Is financial flexibility worth the lower cost of capital … Debt capital generally has lower cost of capital compared to equity funding.

Simply Wall St -

Is Xinhua Winshare Publishing and Media Co Ltd (HKG:811) A Smart Pick For Income Investors?

A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. … Xinhua Winshare Publishing and Media Co Ltd (HKG:811) has returned to shareholders over the past 10 years, an average dividend yield of 5.00% annually. … Does Xinhua Winshare Publishing and Media tick all the boxes of a great dividend stock?

Simply Wall St -

Why Xinhua Winshare Publishing and Media Co Ltd (HKG:811) Should Have A Place In Your Portfolio

Xinhua Winshare Publishing and Media Co Ltd (HKG:811) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective. … take a look at the

Simply Wall St -

What Is Xinhua Winshare Publishing and Media Co Ltd.'s (HKG:811) Share Price Doing?

Great news for investors – Xinhua Winshare Publishing and Media is still trading at a fairly cheap price. … What’s more interesting is that, Xinhua Winshare Publishing and Media’s share price is quite stable, which could mean two things: firstly, it may take the share price a while to move to its intrinsic value, and secondly, there may be less chances to buy low in the future once it reaches that value. … However, with a relatively muted profit growth of 7.09% expected over the next year, growth doesn’t seem like a key driver for a buy decision for Xinhua Winshare Publishing and Media, at least in the short term.

Simply Wall St -

What Do Analysts Think About Xinhua Winshare Publishing and Media Co Ltd's (HKG:811) Future Net Income?

Margin Calculation for 811 Profit Margin = Net Income ÷ Revenue ∴ Profit Margin = 841.96 Million ÷ 7.02 Billion = 12.00% The past five years have seen Xinhua Winshare Publishing and Media's margin contract, as a result of average revenue growth of 8.04% exceeding a 5.81% average growth in net income, which suggests that a smaller percentage of revenue falls to the bottom line despite the fact revenue has increased over the previous 5 years. … Understanding what could be driving Xinhua Winshare Publishing and Media's future earnings Based on future expectations, 811's profit margin will continue to contract, with annual revenue growth tipped at 12.82% and a forecasted 2.84% in annual net income growth. … Thus, it is essential to run your own analysis on Xinhua Winshare Publishing and Media's future expectations whilst maintaining a watchful eye over the likelihood and sustainability of the top line performance that is expected to drive earnings growth.

Simply Wall St -

811 Company Info

Description

Xinhua Winshare Publishing and Media Co., Ltd. engages in the publishing and distribution businesses in the People's Republic of China. It operates through Publication and Distribution segments. The Publication segment publishes books, periodicals, audio-visual products, and digital products; provides printing services; and supplies printing materials. The Distribution segment distributes textbooks and supplementary materials to schools and students, and offers education informationized and equipment services for primary and secondary school students. This segment is also involved in the retail, distribution, and online sale of publications. In addition, the company sells books, newspapers, journals, artwork, and electronic publications; produces audio and video tapes; provides e-commerce, publication supply chain, and other Internet-related services, as well as e-books; and offers international cultural commerce services. Further, it provides third-party logistics services; funds, equity and industrial investment, and asset management services; M&A and restructuring; advertising agency and leasing; software maintenance; venue leasing; business, technical, education ancillary services; and business advisory services. Additionally, the company is involved in the wholesale and retail of pre-packaged food and dairy products, import and export business, vocational skills training, catering business, and ticket agency business. The company was formerly known as Sichuan Xinhua Winshare Chainstore Co., Ltd. and changed its name to Xinhua Winshare Publishing and Media Co., Ltd. in 2010. Xinhua Winshare Publishing and Media Co., Ltd. was founded in 2005 and is headquartered in Chengdu, the People's Republic of China.

Details
Name: Xinhua Winshare Publishing and Media Co., Ltd.
811
Exchange: SEHK
Founded: 2005
HK$13,407,517,336
1,233,841,000
Website: http://www.winshare.com.cn
Address: Xinhua Winshare Publishing and Media Co., Ltd.
No. 6, Wenxuan Road,
Rongbei Shangmao Avenue,
Chengdu,
Sichuan Province, 610081,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 811 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong Ltd. HK HKD 30. May 2007
OTCPK SHXW.F Foreign Shares-Foreign Listed Pink Sheets LLC US USD 30. May 2007
DB SXV Foreign Shares-Foreign Listed Deutsche Boerse AG DE EUR 30. May 2007
SHSC 811 Foreign Shares-Foreign Listed Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 30. May 2007
SZSC 811 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 30. May 2007
SHSE 601811 Domestic Shares Shanghai Stock Exchange CN CNY 08. Aug 2016
XSSC 601811 Domestic Shares Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect CN CNY 08. Aug 2016
Number of employees
Current staff
Staff numbers
7,724
Xinhua Winshare Publishing and Media employees.
Industry
Distributors
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/26 12:45
End of day share price update: 2019/06/26 00:00
Last estimates confirmation: 2019/03/28
Last earnings filing: 2019/04/29
Last earnings reported: 2019/03/31
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.