Chinasoft International
Chinasoft International Limited, together with its subsidiaries, develops and provides information technology (IT) solutions, IT outsourcing and emerging, and training services. The last earnings update was 35 days ago. More info.
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354 Share Price and Events
7 Day Returns
1 Year Returns
354 Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Chinasoft International (354) | -2.5% | -0.6% | 22.7% | -30.5% | 61.4% | 106.3% |
| HK IT | -7% | -6.9% | 12.3% | -9.6% | 4.6% | 20.4% |
| HK Market | -0.9% | 1.7% | 10.8% | -6.3% | 27.3% | 20.1% |
1 Year Return vs Industry and Market
- 354 underperformed the IT industry which returned -9.6% over the past year.
- 354 underperformed the Market in Hong Kong which returned -6.3% over the past year.
Price Volatility
Related Companies
Sorry, no analysis for Chinasoft International's competitors could be found in our database.
Value
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
Chinasoft International
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Chinasoft International.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 11 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 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.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year HK Govt Bond Rate | 2% |
| Equity Risk Premium | S&P Global | 6% |
| IT Unlevered Beta | Simply Wall St/ S&P Global | 1.06 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.056 (1 + (1- 25%) (26.42%)) |
1.178 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.18 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.178 * 5.96%) |
9.02% |
Discounted Cash Flow Calculation for SEHK:354 using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Chinasoft International 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.
| Levered FCF (CNY, Millions) | Source |
Present Value Discounted (@ 9.02%) |
|
|---|---|---|---|
| 2019 | 745.81 | Analyst x2 | 684.08 |
| 2020 | 555.90 | Analyst x4 | 467.69 |
| 2021 | 733.50 | Analyst x2 | 566.03 |
| 2022 | 879.45 | Est @ 19.9% | 622.49 |
| 2023 | 1,007.22 | Est @ 14.53% | 653.93 |
| 2024 | 1,115.71 | Est @ 10.77% | 664.41 |
| 2025 | 1,206.53 | Est @ 8.14% | 659.03 |
| 2026 | 1,282.54 | Est @ 6.3% | 642.57 |
| 2027 | 1,346.80 | Est @ 5.01% | 618.91 |
| 2028 | 1,402.13 | Est @ 4.11% | 591.01 |
| Present value of next 10 years cash flows | CN¥6,170.16 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= CN¥1,402.13 × (1 + 2%) ÷ (9.02% – 2%) |
CN¥20,372.70 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= CN¥20,372.70 ÷ (1 + 9.02%)10 |
CN¥8,587.33 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= CN¥6,170.16 + CN¥8,587.33 |
CN¥14,757.48 |
| Equity Value per Share (CNY) |
= Total value / Shares Outstanding
= CN¥14,757.48 / 2,506.14 |
CN¥5.89 |
| Calculation | Result | |
|---|---|---|
| Exchange Rate | CNY/HKD
(Reporting currency to currency of SEHK:354) |
1.166 |
| Value per Share (HKD) |
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥5.89 x 1.166 |
HK$6.87 |
| Value per share (HKD) | From above. | HK$6.87 |
| Current discount | Discount to share price of
HK$4.60
= -1 x (HK$4.60 - HK$6.87) / HK$6.87 |
33% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Chinasoft International's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Chinasoft International's share price is below the future cash flow value, but not 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 Chinasoft International's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Chinasoft International's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in CNY | CN¥0.30 |
| SEHK:354 Share Price ** | SEHK (2019-04-24) in HKD | HK$4.6 |
| SEHK:354 Share Price converted to CNY reporting currency | Exchange rate (HKD/ CNY) 0.857 | CN¥3.94 |
| Hong Kong IT Industry PE Ratio | Median Figure of 23 Publicly-Listed IT Companies | 14.08x |
| Hong Kong Market PE Ratio | Median Figure of 1,474 Publicly-Listed Companies | 12.13x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Chinasoft International.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = SEHK:354 Share Price ÷ EPS (both in CNY) = 3.94 ÷ 0.30 |
13.35x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Chinasoft International is good value based on earnings compared to the HK IT industry average.
- Chinasoft International is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does
Chinasoft International's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 13.35x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts |
16.1%per year |
| Hong Kong IT Industry PEG Ratio | Median Figure of 7 Publicly-Listed IT Companies | 0.83x |
| Hong Kong Market PEG Ratio | Median Figure of 463 Publicly-Listed Companies | 0.87x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 13.35x ÷ 16.1% |
0.83x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Chinasoft International is good value based on expected growth next year.
Price based on value of assets
What value do investors place on
Chinasoft International's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in CNY | CN¥2.45 |
| SEHK:354 Share Price * | SEHK (2019-04-24) in HKD | HK$4.6 |
| SEHK:354 Share Price converted to CNY reporting currency | Exchange rate (HKD/ CNY) 0.857 | CN¥3.94 |
| Hong Kong IT Industry PB Ratio | Median Figure of 32 Publicly-Listed IT Companies | 1.41x |
| Hong Kong Market PB Ratio | Median Figure of 2,150 Publicly-Listed Companies | 1.02x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = SEHK:354 Share Price ÷ Book Value per Share (both in CNY) = 3.94 ÷ 2.45 |
1.61x |
* Primary Listing of Chinasoft International.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Chinasoft International is overvalued based on assets compared to the HK IT industry average.
Value checks
We assess Chinasoft International's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the IT industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the IT industry average (and greater than 0)? (1 check) Chinasoft International has a total score of 3/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
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!
Earnings growth vs Low Risk Savings
- Chinasoft International's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
- Chinasoft International's earnings growth is expected to exceed the Hong Kong market average.
- Chinasoft International's revenue growth is expected to exceed the Hong Kong market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| SEHK:354 Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts | 16.1% |
| SEHK:354 Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts | 11.9% |
| Hong Kong IT Industry Earnings Growth Rate | Market Cap Weighted Average | 15% |
| Hong Kong IT Industry Revenue Growth Rate | Market Cap Weighted Average | 13.2% |
| Hong Kong Market Earnings Growth Rate | Market Cap Weighted Average | 11.7% |
| Hong Kong Market Revenue Growth Rate | Market Cap Weighted Average | 11.1% |
*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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 11 Analyst Estimates (S&P Global) | See Below |
| Date (Data in CNY Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 15,189 | 1,235 | 1,178 | 6 |
| 2020-12-31 | 13,560 | 753 | 968 | 11 |
| 2019-12-31 | 11,974 | 880 | 823 | 11 |
| Date (Data in CNY Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 10,585 | 716 | |
| 2018-09-30 | 10,249 | 697 | |
| 2018-06-30 | 9,912 | 81 | 679 |
| 2018-03-31 | 9,578 | 207 | 622 |
| 2017-12-31 | 9,244 | 332 | 566 |
| 2017-09-30 | 8,644 | 283 | 508 |
| 2017-06-30 | 8,043 | 235 | 451 |
| 2017-03-31 | 7,413 | 263 | 447 |
| 2016-12-31 | 6,783 | 292 | 442 |
| 2016-09-30 | 6,204 | 231 | 409 |
| 2016-06-30 | 5,625 | 170 | 377 |
| 2016-03-31 | 5,377 | 215 | 328 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 11 Analyst Estimates (S&P Global) | See Below |
All data from Chinasoft International Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in CNY Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 0.42 | 0.52 | 0.36 | 5.00 |
| 2020-12-31 | 0.36 | 0.44 | 0.32 | 10.00 |
| 2019-12-31 | 0.31 | 0.35 | 0.28 | 9.00 |
| Date (Data in CNY Millions) | EPS * |
|---|---|
| 2018-12-31 | 0.30 |
| 2018-09-30 | 0.29 |
| 2018-06-30 | 0.28 |
| 2018-03-31 | 0.26 |
| 2017-12-31 | 0.24 |
| 2017-09-30 | 0.22 |
| 2017-06-30 | 0.20 |
| 2017-03-31 | 0.20 |
| 2016-12-31 | 0.20 |
| 2016-09-30 | 0.19 |
| 2016-06-30 | 0.18 |
| 2016-03-31 | 0.16 |
*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.
- Chinasoft International is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
Future performance checks
We assess Chinasoft International's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Chinasoft International 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.
Past Performance
How has Chinasoft International 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
Past Earnings growth analysis
- Chinasoft International has delivered over 20% year on year earnings growth in the past 5 years.
- Chinasoft International's 1-year earnings growth is less than its 5-year average (26.6% vs 30.9%)
- Chinasoft International's earnings growth has exceeded the HK IT industry average in the past year (26.6% vs 25.8%).
Earnings and Revenue History
All data from Chinasoft International Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in CNY Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 10,585.01 | 715.80 | 1,621.87 | 739.43 |
| 2018-09-30 | 10,248.75 | 697.33 | 1,604.39 | 653.37 |
| 2018-06-30 | 9,912.48 | 678.86 | 1,586.91 | 567.31 |
| 2018-03-31 | 9,578.08 | 622.21 | 1,534.41 | 567.31 |
| 2017-12-31 | 9,243.68 | 565.57 | 1,481.92 | 567.31 |
| 2017-09-30 | 8,643.58 | 508.44 | 1,409.69 | 456.29 |
| 2017-06-30 | 8,043.48 | 451.31 | 1,337.46 | 345.27 |
| 2017-03-31 | 7,413.42 | 446.70 | 1,190.53 | 345.27 |
| 2016-12-31 | 6,783.37 | 442.08 | 1,043.59 | 345.27 |
| 2016-09-30 | 6,204.34 | 409.35 | 987.62 | 270.29 |
| 2016-06-30 | 5,625.31 | 376.62 | 931.64 | 195.32 |
| 2016-03-31 | 5,377.21 | 328.34 | 899.77 | 195.32 |
| 2015-12-31 | 5,129.11 | 280.06 | 867.90 | 195.32 |
| 2015-09-30 | 5,004.71 | 259.25 | 913.69 | 129.74 |
| 2015-06-30 | 4,880.31 | 238.44 | 959.47 | 64.16 |
| 2015-03-31 | 4,654.76 | 219.24 | 935.43 | 64.16 |
| 2014-12-31 | 4,429.20 | 200.04 | 911.39 | 64.16 |
| 2014-09-30 | 4,100.58 | 188.65 | 855.77 | 58.16 |
| 2014-06-30 | 3,771.95 | 177.26 | 800.15 | 52.16 |
| 2014-03-31 | 3,488.97 | 162.78 | 755.99 | 52.16 |
| 2013-12-31 | 3,205.99 | 148.30 | 711.82 | 52.16 |
| 2013-09-30 | 3,086.16 | 147.04 | 699.13 | 54.61 |
| 2013-06-30 | 2,966.34 | 145.77 | 686.45 | 57.06 |
| 2013-03-31 | 2,867.25 | 139.48 | 658.74 | 57.06 |
| 2012-12-31 | 2,768.17 | 133.19 | 631.03 | 57.06 |
| 2012-09-30 | 2,619.92 | 148.42 | 574.03 | 51.52 |
| 2012-06-30 | 2,471.66 | 163.65 | 517.03 | 45.99 |
*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.
- Chinasoft International has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Chinasoft International used its assets less efficiently than the HK IT industry average last year based on Return on Assets.
- Chinasoft International has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Chinasoft International's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the IT industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Chinasoft International has a total score of 3/6, 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 Chinasoft International'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 Chinasoft International's finances.
The net worth of a company is the difference between its assets and liabilities.
- Chinasoft International is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Chinasoft International's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Debt is covered by short term assets, assets are 3.1x 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.
All data from Chinasoft International Company Filings, last reported 3 months ago.
| Date (Data in CNY Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 6,031.52 | 2,612.04 | 2,898.08 |
| 2018-09-30 | 6,031.52 | 2,612.04 | 2,898.08 |
| 2018-06-30 | 5,639.82 | 1,855.12 | 1,393.16 |
| 2018-03-31 | 5,639.82 | 1,855.12 | 1,393.16 |
| 2017-12-31 | 5,229.97 | 1,698.55 | 2,141.01 |
| 2017-09-30 | 5,229.97 | 1,698.55 | 2,141.01 |
| 2017-06-30 | 4,774.27 | 1,536.57 | 1,306.92 |
| 2017-03-31 | 4,774.27 | 1,536.57 | 1,306.92 |
| 2016-12-31 | 4,332.64 | 1,399.23 | 1,573.19 |
| 2016-09-30 | 4,332.64 | 1,399.23 | 1,573.19 |
| 2016-06-30 | 3,720.10 | 1,844.45 | 972.31 |
| 2016-03-31 | 3,720.10 | 1,844.45 | 972.31 |
| 2015-12-31 | 3,486.27 | 1,684.80 | 1,459.55 |
| 2015-09-30 | 3,486.27 | 1,684.80 | 1,459.55 |
| 2015-06-30 | 3,244.58 | 1,596.26 | 809.34 |
| 2015-03-31 | 3,244.58 | 1,596.26 | 809.34 |
| 2014-12-31 | 2,701.03 | 1,495.96 | 1,018.77 |
| 2014-09-30 | 2,701.03 | 1,495.96 | 1,018.77 |
| 2014-06-30 | 2,556.18 | 1,213.73 | 524.51 |
| 2014-03-31 | 2,556.18 | 1,213.73 | 524.51 |
| 2013-12-31 | 2,441.20 | 1,187.83 | 1,116.04 |
| 2013-09-30 | 2,441.20 | 1,187.83 | 1,116.04 |
| 2013-06-30 | 2,236.90 | 695.16 | 666.20 |
| 2013-03-31 | 2,236.90 | 695.16 | 666.20 |
| 2012-12-31 | 2,062.28 | 536.58 | 893.32 |
| 2012-09-30 | 2,062.28 | 536.58 | 893.32 |
| 2012-06-30 | 1,926.96 | 422.29 | 609.81 |
- Chinasoft International's level of debt (43.3%) 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 (48.6% vs 43.3% today).
- Debt is not well covered by operating cash flow (3.1%, less than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 6.9x coverage).
Financial health checks
We assess Chinasoft International's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Chinasoft International has a total score of 4/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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 Chinasoft International'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
If you bought
HK$2,000 of
Chinasoft International
shares you are expected to receive
HK$9
in your first year as a dividend.
Dividend Amount
- Chinasoft International's pays a lower dividend yield than the bottom 25% of dividend payers in Hong Kong (1.96%).
- Chinasoft International's dividend is below the markets top 25% of dividend payers in Hong Kong (5.38%).
Upcoming dividend payment
Purchase Chinasoft International before the 'Buy Limit' to receive their next dividend payment.
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.
| 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 11 Analyst Estimates (S&P Global) | See Below |
| Hong Kong IT Industry Average Dividend Yield | Market Cap Weighted Average of 12 Stocks | 1.7% |
| Hong Kong Market Average Dividend Yield | Market Cap Weighted Average of 966 Stocks | 3.4% |
| Hong Kong Minimum Threshold Dividend Yield | 10th Percentile | 1.1% |
| Hong Kong Bottom 25% Dividend Yield | 25th Percentile | 2% |
| Hong Kong Top 25% Dividend Yield | 75th Percentile | 5.4% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in CN¥) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-12-31 | 0.05 | 3.00 |
| 2020-12-31 | 0.02 | 7.00 |
| 2019-12-31 | 0.02 | 7.00 |
| Date (Data in CN¥) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-04-12 | 0.018 | 0.457 |
| 2018-03-26 | 0.014 | 0.358 |
| 2017-03-27 | 0.010 | 0.256 |
| 2009-08-11 | 0.000 | 0.000 |
| 2009-08-07 | 0.000 | 0.000 |
| 2009-04-30 | 0.000 | 0.000 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Chinasoft International is not paying a notable dividend for Hong Kong, therefore no need to check if the payments are stable.
- Chinasoft International is not paying a notable dividend for Hong Kong, therefore no need to check if the payments are increasing.
Income/ dividend checks
We assess Chinasoft International's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Chinasoft International afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Chinasoft International 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
CEO
| COMPENSATION | CN¥4,278,000 |
| AGE | 55 |
CEO Bio
Dr. Yuhong Chen, also known as Henry, PhD serves as the Chief Executive Officer of Chinasoft International Limited. Dr. Chen is responsible for the overall business development. Dr. Chen served as Managing Director and Compliance Officer of Chinasoft International Limited. Dr. Chen has over ten years experience in software development and corporate management. From June 1991 to October 1996, he was the Deputy General Manager of China Great Wall Computer Software Co., Ltd. He served as Vice President of CS&S since 2000 and was a Manager of the research department from October 1996 to April 2000. He has been the Chairman of the Board at Chinasoft International Limited since April 20, 2000 and also serves as its Executive Director. Dr. Chen served as a Director of Chinasoft Cyber Resources Software Technology (Tianjin) Company Limited from 1999 to March 2002. Dr. Chen was a Member of Advisory Board at China Soft Capital Group. He holds a Doctorate degree in Optics from Beijing Polytechnic University in 1991.
CEO Compensation
- Henry's compensation has been consistent with company performance over the past year.
- Henry's remuneration is higher than average for companies of similar size in Hong Kong.
Management Team
Henry Chen
Chairman of the Board & CEO
CN¥4M
55
Donald Tang
Senior VP & Executive Director
CN¥3M
55
Florence Leong
Deputy CFO
39
1.9 yrs
Simon Chung
Chief Operating Officer
57
Simon Zhang
Chief Human Resources Officer & Senior VP
55
Hui Wang
Chief Strategic Officer and Senior Vice President
CN¥1M
45
Board of Directors Tenure
Average tenure and age of the Chinasoft International board of directors in years:
- The tenure for the Chinasoft International board of directors is about average.
Board of Directors
Donald Tang
Senior VP & Executive Director
CN¥3M
55
13.4 yrs
Guanrong Lai
Independent Non-Executive Director
CN¥260K
55
3.8 yrs
Henry Chen
Chairman of the Board & CEO
CN¥4M
55
19 yrs
Lai Mo
Independent Non-Executive Director
58
0.7 yrs
Ya-Qin Zhang
Non-Executive Director
CN¥799K
52
10.3 yrs
Zhi Jie Zeng
Independent Non Executive Director
CN¥104K
50
Liangyu Gao
Non-Executive Director
53
1.8 yrs
Gavriella Schuster
Non-Executive Director
51
0.6 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (HK$) | Value (HK$) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 01. Mar 19 | Buy | China International Fund Management Company Limited | Company | 26. Feb 19 | 26. Feb 19 | 240,000 | HK$4.98 | HK$1,194,600 | ||
| 01. Mar 19 | Sell | JPMorgan Chase & Co, Brokerage and Securities Investments | Company | 26. Feb 19 | 26. Feb 19 | -446,000 | HK$4.98 | HK$-2,219,966 | ||
| 01. Mar 19 | Buy | JPMorgan Chase & Co, Brokerage and Securities Investments | Company | 26. Feb 19 | 26. Feb 19 | 12,518,498 | HK$4.98 | HK$62,310,839 | ||
| 01. Mar 19 | Sell | JPMorgan Chase & Co, Private Banking and Investment Banking Investments | Company | 26. Feb 19 | 26. Feb 19 | -27,459,467 | HK$4.98 | HK$-136,679,531 | ||
| 28. Feb 19 | Buy | JPMorgan Chase & Co, Brokerage and Securities Investments | Company | 25. Feb 19 | 25. Feb 19 | 4,392,727 | HK$5.12 | HK$22,480,673 | ||
| 18. Jan 19 | Sell | JPMorgan Chase & Co, Brokerage and Securities Investments | Company | 15. Jan 19 | 15. Jan 19 | -20,943,670 | HK$3.62 | HK$-75,759,587 | ||
| 17. Jan 19 | Buy | JPMorgan Chase & Co, Brokerage and Securities Investments | Company | 14. Jan 19 | 14. Jan 19 | 28,265,201 | HK$3.54 | HK$100,140,809 | ||
| 25. Oct 18 | Buy | UBS Asset Management | Company | 22. Oct 18 | 22. Oct 18 | 10,290,000 | HK$4.59 | HK$47,187,864 | ||
| 14. Sep 18 | Buy | Yuhong Chen | Individual | 11. Sep 18 | 11. Sep 18 | 1,500,000 | HK$4.84 | HK$7,259,999 | ||
| 22. Aug 18 | Buy | UBS Asset Management | Company | 17. Aug 18 | 17. Aug 18 | 2,740,000 | HK$5.48 | HK$15,003,976 | ||
| 07. Aug 18 | Sell | UBS Asset Management | Company | 02. Aug 18 | 02. Aug 18 | -480,000 | HK$6.09 | HK$-2,921,422 | ||
| 02. May 18 | Buy | UBS Asset Management | Company | 26. Apr 18 | 26. Apr 18 | 7,332,000 | HK$5.51 | HK$40,408,093 | ||
| 26. Apr 18 | Buy | Csi Profit Share Scheme Spc - Phase One Sp | Company | 26. Apr 18 | 26. Apr 18 | 134,630,690 | HK$5.57 | HK$749,892,466 | ||
Management checks
We assess Chinasoft International's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Chinasoft International 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
Is Chinasoft International Limited's (HKG:354) 12% ROE Better Than Average?
Chinasoft International has a ROE of 12%, based on the last twelve months. … That means that for every HK$1 worth of shareholders' equity, it generated HK$0.12 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleDoes Chinasoft International Limited's (HKG:354) 27% Earnings Growth Reflect The Long-Term Trend?
After reading Chinasoft International Limited's (HKG:354) most recent earnings announcement (31 December 2018), I found it useful to look back at how the company has performed in the past and compare this against the latest numbers. … 354's trailing twelve-month earnings (from 31 December 2018) of CN¥716m has? … However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 31%, indicating the rate at which 354 is growing has slowed down
Simply Wall St - – Full articleShould We Worry About Chinasoft International Limited's (HKG:354) P/E Ratio?
We'll look at Chinasoft International Limited's (HKG:354) P/E ratio and reflect on what it tells us about the company's share price. … Price to Earnings Ratio = Price per Share (in the reporting currency) ÷ Earnings per Share (EPS) … P/E of 14.37 = CN¥4.25 (Note: this is the share price in the reporting currency, namely, CNY ) ÷ CN¥0.30
Simply Wall St - – Full articleHow Many Insiders Bought Chinasoft International Limited (HKG:354) Shares?
So we'll take a look at whether insiders have been buying or selling shares in Chinasoft International Limited (HKG:354). … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … The Last 12 Months Of Insider Transactions At Chinasoft International.
Simply Wall St - – Full articleIs Chinasoft International Limited (HKG:354) Potentially Undervalued?
Chinasoft International Limited (HKG:354), which is in the it business, and is based in China,. … As a stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock? … Today I will analyse the most recent data on Chinasoft International’s outlook and valuation to see if the opportunity still exists
Simply Wall St - – Full articleHow Chinasoft International Limited (HKG:354) Can Impact Your Portfolio Volatility
If you're interested in Chinasoft International Limited (HKG:354), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility).
Simply Wall St - – Full articleIntroducing Chinasoft International, A Stock That Climbed 86% In The Last Five Years
To wit, the Chinasoft International share price has climbed 86% in five years, easily topping the market return of 38%. … 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 five years of share price growth, Chinasoft International achieved compound earnings per share (EPS) growth of 29% per year.
Simply Wall St - – Full articleChinasoft International Limited (HKG:354): Commentary On Fundamentals
Help shape the future of investing tools and you could win a $250 gift card! … Chinasoft International Limited (HKG:354) is a company with exceptional fundamental characteristics. … is a company with great financial health as well as a
Simply Wall St - – Full articleIs Chinasoft International Limited's (HKG:354) Growth Strong Enough To Justify Its January Share Price?
Chinasoft International Limited (HKG:354) closed yesterday at HK$3.98, which left some investors asking whether the high earnings potential can still be justified at this price. … See our latest analysis for Chinasoft International? … The excitement around Chinasoft International's growth potential is not unfounded
Simply Wall St - – Full articleIs Chinasoft International Limited's (HKG:354) ROE Of 12% Impressive?
With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … That means that for every HK$1 worth of shareholders' equity, it generated HK$0.12 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleCompany Info
Description
Chinasoft International Limited, together with its subsidiaries, develops and provides information technology (IT) solutions, IT outsourcing and emerging, and training services. It operates through Technical Professional Services Group and Internet IT Services Group segments. The company offers ResourceOne and TopLink/TSA+ software, and Ark big data middleware platforms; strategic, business, and IT consulting services; and application software and solutions planning, design, development, integration, and operation and maintenance services. It also provides system integration, maintenance, and operation services; and product engineering, design, development, and quality assurance and testing services. In addition, the company offers enterprise application services; and packaged software implementation, customized development, maintenance and product upgradation, and business intelligence/data warehouse services. Further, it provides business, engineering, and knowledge process outsourcing services; mobile Internet product and service; cloud solutions; and big data related consulting, implementation, and development services. Additionally, the company offers JointForce, an Internet crowdsourcing platform; cloud migration, and operation and maintenance services; cloud consulting and SaaS customization services; and PaaS products that enables cloud development, integration, management, and serves as a portal to link with other cloud partners, as well as develops and trades standalone software and hardware products. It serves manufacturing and circulation, financial services and banking, insurance and securities, telecommunications and Internet, public services, energy, and high-technology business industries, as well as government and enterprises in the People's Republic of China, the United States, and Japan. The company was founded in 2000 and is headquartered in Beijing, the People's Republic of China.
Details
| Name: | Chinasoft International Limited |
| 354 | |
| Exchange: | SEHK |
| Founded: | 2000 |
| HK$11,528,222,646 | |
| 2,506,135,358 | |
| Website: | http://www.chinasofti.com |
| Address: |
Chinasoft International Limited Raycon Infotech Park, Tower C, North Wing 12th Floor, Beijing, 100190, China |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| SEHK | 354 | Ordinary Shares | The Stock Exchange of Hong Kong Ltd. | HK | HKD | 20. Jun 2003 | |
| OTCPK | CFTL.F | Ordinary Shares | Pink Sheets LLC | US | USD | 20. Jun 2003 | |
| SHSC | 354 | Ordinary Shares | Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect | HK | HKD | 20. Jun 2003 | |
| SZSC | 354 | Ordinary Shares | The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect | HK | HKD | 20. Jun 2003 |
Number of employees
Current staff
Industry
| IT Consulting and Other Services | |
| Software |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/24 12:32 |
| End of day share price update: | 2019/04/24 00:00 |
| Last estimates confirmation: | 2019/04/17 |
| Last earnings filing: | 2019/03/20 |
| 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.
