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Zhejiang Cangnan Instrument Group

SEHK:1743
Snowflake Description

Excellent balance sheet and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1743
SEHK
HK$1B
Market Cap
  1. Home
  2. HK
  3. Tech
Company description

Zhejiang Cangnan Instrument Group Company Limited manufactures, sells, and services integrating gas measurement instruments, nuclear matching products, gas pressure regulators, and software products in China. The last earnings update was 24 days ago. More info.


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1743 Share Price and Events
7 Day Returns
4.1%
SEHK:1743
-7.4%
HK Electronic
-2.5%
HK Market
1 Year Returns
-
SEHK:1743
-40.2%
HK Electronic
-15.9%
HK Market
1743 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Zhejiang Cangnan Instrument Group (1743) 4.1% 4.5% 6.5% - - -
HK Electronic -7.4% -18.5% -11.6% -40.2% 4.1% 20.9%
HK Market -2.5% -8.6% -2.1% -15.9% 25.4% 7.8%
1 Year Return vs Industry and Market
  • No trading data on 1743.
  • No trading data on 1743.
Price Volatility
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Zhejiang Cangnan Instrument Group's competitors could be found in our database.

Value

 Is Zhejiang Cangnan Instrument 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 Zhejiang Cangnan Instrument 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 Zhejiang Cangnan Instrument Group.

SEHK:1743 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 8.4%
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:1743
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.05
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.053 (1 + (1- 25%) (6.91%))
1.072
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.07
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.072 * 5.96%)
8.39%

Discounted Cash Flow Calculation for SEHK:1743 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Zhejiang Cangnan Instrument 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:1743 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 8.39%)
2019 188.66 Est @ 19.25% 174.05
2020 215.22 Est @ 14.08% 183.17
2021 237.71 Est @ 10.45% 186.65
2022 256.54 Est @ 7.92% 185.84
2023 272.30 Est @ 6.14% 181.98
2024 285.65 Est @ 4.9% 176.12
2025 297.16 Est @ 4.03% 169.03
2026 307.34 Est @ 3.42% 161.28
2027 316.55 Est @ 3% 153.25
2028 325.09 Est @ 2.7% 145.20
Present value of next 10 years cash flows CN¥1,716.56
SEHK:1743 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CN¥325.09 × (1 + 2%) ÷ (8.39% – 2%)
CN¥5,188.66
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥5,188.66 ÷ (1 + 8.39%)10
CN¥2,317.43
SEHK:1743 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥1,716.56 + CN¥2,317.43
CN¥4,033.99
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥4,033.99 / 69.79
CN¥57.8
SEHK:1743 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:1743)
1.135
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥57.8 x 1.135
HK$65.59
Value per share (HKD) From above. HK$65.59
Current discount Discount to share price of HK$16.40
= -1 x (HK$16.40 - HK$65.59) / HK$65.59
75%

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

Current Discount
Amount off the current price Zhejiang Cangnan Instrument Group is available for.
Intrinsic value
>50%
Share price is HK$16.4 vs Future cash flow value of HK$65.59
Current Discount Checks
For Zhejiang Cangnan Instrument Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Zhejiang Cangnan Instrument Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Zhejiang Cangnan Instrument Group's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Zhejiang Cangnan Instrument Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Zhejiang Cangnan Instrument Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:1743 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥4.24
SEHK:1743 Share Price ** SEHK (2019-05-17) in HKD HK$16.4
SEHK:1743 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.881 CN¥14.45
Hong Kong Electronic Industry PE Ratio Median Figure of 59 Publicly-Listed Electronic Companies 11.11x
Hong Kong Market PE Ratio Median Figure of 1,476 Publicly-Listed Companies 11.17x

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

** Primary Listing of Zhejiang Cangnan Instrument Group.

SEHK:1743 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1743 Share Price ÷ EPS (both in CNY)

= 14.45 ÷ 4.24

3.41x

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

  • Zhejiang Cangnan Instrument Group is good value based on earnings compared to the HK Electronic industry average.
  • Zhejiang Cangnan Instrument Group is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Zhejiang Cangnan Instrument Group's expected growth come at a high price?
Raw Data
SEHK:1743 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 3.41x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-5.5%per year
Hong Kong Electronic Industry PEG Ratio Median Figure of 13 Publicly-Listed Electronic Companies 0.64x
Hong Kong Market PEG Ratio Median Figure of 463 Publicly-Listed Companies 0.79x

*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 Zhejiang Cangnan Instrument Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Zhejiang Cangnan Instrument Group's assets?
Raw Data
SEHK:1743 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥11.06
SEHK:1743 Share Price * SEHK (2019-05-17) in HKD HK$16.4
SEHK:1743 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.881 CN¥14.45
Hong Kong Electronic Industry PB Ratio Median Figure of 83 Publicly-Listed Electronic Companies 1.19x
Hong Kong Market PB Ratio Median Figure of 2,155 Publicly-Listed Companies 0.97x
SEHK:1743 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1743 Share Price ÷ Book Value per Share (both in CNY)

= 14.45 ÷ 11.06

1.31x

* Primary Listing of Zhejiang Cangnan Instrument Group.

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

  • Zhejiang Cangnan Instrument Group is overvalued based on assets compared to the HK Electronic industry average.
X
Value checks
We assess Zhejiang Cangnan Instrument 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 Electronic 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 Electronic industry average (and greater than 0)? (1 check)
  5. Zhejiang Cangnan Instrument Group has a total score of 4/6, see the detailed checks below.

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

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

Future Performance

 How is Zhejiang Cangnan Instrument Group expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Zhejiang Cangnan Instrument 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
-5.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Zhejiang Cangnan Instrument Group expected to grow at an attractive rate?
  • Zhejiang Cangnan Instrument Group's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2%.
Growth vs Market Checks
  • Zhejiang Cangnan Instrument Group's earnings are expected to decrease over the next 1-3 years, this is below the Hong Kong market average.
  • Unable to compare Zhejiang Cangnan Instrument Group's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:1743 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:1743 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -5.5%
Hong Kong Electronic Industry Earnings Growth Rate Market Cap Weighted Average 18.4%
Hong Kong Electronic Industry Revenue Growth Rate Market Cap Weighted Average 12.5%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.4%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.7%

*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:1743 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 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:1743 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 630 169 220
2018-09-30 671 165 236
2018-06-30 680 147 244
2018-03-31 675 132 242
2017-12-31 670 117 239
2017-09-30 608 120 207
2016-12-31 444 102 117

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Zhejiang Cangnan Instrument Group's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Zhejiang Cangnan Instrument 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:1743 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Zhejiang Cangnan Instrument Group Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1743 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 4.24
2018-09-30 4.55
2018-06-30 4.71
2018-03-31 4.66
2017-12-31 4.61
2017-09-30 3.99
2016-12-31 2.26

*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 Zhejiang Cangnan Instrument Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Zhejiang Cangnan Instrument 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.
Zhejiang Cangnan Instrument Group has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

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

Past Performance

  How has Zhejiang Cangnan Instrument 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 Zhejiang Cangnan Instrument Group's growth in the last year to its industry (Electronic).
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.
  • Insufficient data to establish if Zhejiang Cangnan Instrument Group's year on year earnings growth rate was positive over the past 5 years.
  • Zhejiang Cangnan Instrument Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Zhejiang Cangnan Instrument Group's 1-year earnings growth is negative, it can't be compared to the HK Electronic industry average.
Earnings and Revenue History
Zhejiang Cangnan Instrument 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 Zhejiang Cangnan Instrument Group Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1743 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 630.32 220.19 167.10 41.47
2018-09-30 670.60 236.11 161.94 43.77
2018-06-30 679.79 244.38 168.13 38.21
2018-03-31 674.80 241.86 168.48 36.55
2017-12-31 669.81 239.35 161.43 34.90
2017-09-30 608.37 207.19 161.57 28.55
2016-12-31 444.16 117.50 127.87 25.54
2015-12-31 362.69 35.99 103.88 18.36

*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.
  • Zhejiang Cangnan Instrument Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Zhejiang Cangnan Instrument Group used its assets more efficiently than the HK Electronic industry average last year based on Return on Assets.
  • Zhejiang Cangnan Instrument Group has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Zhejiang Cangnan Instrument 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 Electronic 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.
Zhejiang Cangnan Instrument Group 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 Zhejiang Cangnan Instrument 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 Zhejiang Cangnan Instrument Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Zhejiang Cangnan Instrument Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Zhejiang Cangnan Instrument Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Zhejiang Cangnan Instrument Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 14.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Zhejiang Cangnan Instrument Group Company Filings, last reported 4 months ago.

SEHK:1743 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 785.86 69.65 260.03
2018-09-30 785.86 69.65 260.03
2018-06-30 635.61 59.90 153.76
2018-03-31 635.61 59.90 153.76
2017-12-31 604.75 59.90 157.06
2017-09-30 513.53 62.90 119.87
2016-12-31 400.54 85.08 138.06
2015-12-31 312.02 92.89 96.76
  • Zhejiang Cangnan Instrument Group's level of debt (8.9%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Zhejiang Cangnan Instrument Group's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (241.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 166.3x coverage).
X
Financial health checks
We assess Zhejiang Cangnan Instrument 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. Zhejiang Cangnan Instrument Group has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

Dividends

 What is Zhejiang Cangnan Instrument 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
5.54%
Current annual income from Zhejiang Cangnan Instrument Group dividends.
If you bought HK$2,000 of Zhejiang Cangnan Instrument Group shares you are expected to receive HK$111 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?
  • Zhejiang Cangnan Instrument Group's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.07%).
  • Zhejiang Cangnan Instrument Group's dividend is below the markets top 25% of dividend payers in Hong Kong (5.72%).
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:1743 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 Electronic Industry Average Dividend Yield Market Cap Weighted Average of 39 Stocks 3.1%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 968 Stocks 3.6%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.2%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.1%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

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

SEHK:1743 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-04-25 0.800 5.858
2019-03-29 0.800 5.835

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

  • It is too early to tell whether Zhejiang Cangnan Instrument Group has stable dividend payments.
  • Zhejiang Cangnan Instrument Group only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of Zhejiang Cangnan Instrument Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5.3x 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 Zhejiang Cangnan Instrument 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 Zhejiang Cangnan Instrument Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Zhejiang Cangnan Instrument Group has a total score of 2/6, see the detailed checks below.


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

Management

 What is the CEO of Zhejiang Cangnan Instrument 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
Youliang Huang
AGE 53
TENURE AS CEO 16.3 years
CEO Bio

Mr. Huang Youliang serves as an Executive Director at Zhejiang Cangnan Instrument Group Company Limited since June 13, 2017 and serves as its General Manager since January 2003. Mr. Huang served as a statistical clerk of the production division and an officer, the deputy director and director of the factory office of Zhejiang Cangnan Instrument Group Company Limited from August 1984 to November 2000, and was appointed as deputy factory manager from November 2000 to May 2001, and was promoted to the executive vice factory manager from May 2001 to December 2002. Mr. Huang studied at Graduate School of the Asia International Open University (Macau) from 2004 to 2006 and received a Master of Business Administration degree. Mr. Huang serves as an executive member of the China City Gas Association and vice president of Zhejiang Investment Promotion Association. In addition, Mr. Huang was awarded the title “National Machinery Industry Model Worker in 2014.

CEO Compensation
  • Insufficient data for Youliang to compare compensation growth.
  • Insufficient data for Youliang to establish whether their remuneration is reasonable compared to companies of similar size in Hong Kong.
Management Team

Youliang Huang

TITLE
General Manager & Executive Director
AGE
53
TENURE
16.3 yrs

Jingdian Lin

TITLE
Executive Director and Deputy Chief Engineer

Zhongzhu Lin

TITLE
Deputy General Manager and Executive Director

Shengyi Zhang

TITLE
Executive Director & Chief Engineer
AGE
50

Xingjing Yin

TITLE
Executive Director & Vice GM
AGE
45

Zichan Lin

TITLE
Executive Director
AGE
40
Board of Directors Tenure

Average tenure and age of the Zhejiang Cangnan Instrument Group board of directors in years:

1.9
Average Tenure
50
Average Age
  • The average tenure for the Zhejiang Cangnan Instrument Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Zuobin Hong

TITLE
Chairman and Executive Director

Youliang Huang

TITLE
General Manager & Executive Director
AGE
53
TENURE
1.9 yrs

Jingdian Lin

TITLE
Executive Director and Deputy Chief Engineer

Zhongzhu Lin

TITLE
Deputy General Manager and Executive Director

Shengyi Zhang

TITLE
Executive Director & Chief Engineer
AGE
50
TENURE
1.9 yrs

Xingjing Yin

TITLE
Executive Director & Vice GM
AGE
45
TENURE
1.9 yrs

Zichan Lin

TITLE
Executive Director
AGE
40
TENURE
1.9 yrs

Xijun Huang

TITLE
Chairman of Supervisory Committee
AGE
41

Sigong Ye

TITLE
Supervisor
AGE
51
TENURE
1.9 yrs

Xiaoding Zhou

TITLE
Supervisor
AGE
52
TENURE
1.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
08. Feb 19 Buy ZS Capital Fund SPC Company 04. Jan 19 04. Jan 19 4,923,800 HK$15.80 HK$77,796,028
08. Feb 19 Buy Yanjie Qiu Individual 04. Jan 19 04. Jan 19 2,658,000 HK$15.80 HK$41,996,394
X
Management checks
We assess Zhejiang Cangnan Instrument 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. Zhejiang Cangnan Instrument Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

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

News

Simply Wall St News

Why Zhejiang Cangnan Instrument Group Company Limited (HKG:1743) Could Be Your Next Investment

Zhejiang Cangnan Instrument Group Company Limited (HKG:1743) is a company with exceptional fundamental characteristics. … For those interested in digger a bit deeper into my commentary, read the full report on Zhejiang Cangnan Instrument Group here. … 1743's shares are now trading at a price below its true value based on its discounted cash flows, indicating a relatively pessimistic market sentiment.

Simply Wall St -

Here's How P/E Ratios Can Help Us Understand Zhejiang Cangnan Instrument Group Company Limited (HKG:1743)

We'll show how you can use Zhejiang Cangnan Instrument Group Company Limited's (HKG:1743) P/E ratio to inform your assessment of the investment opportunity. … What is Zhejiang Cangnan Instrument Group's P/E ratio? … Price to Earnings Ratio = Price per Share (in the reporting currency) ÷ Earnings per Share (EPS)

Simply Wall St -

Who Has Been Buying Zhejiang Cangnan Instrument Group Company Limited (HKG:1743) Shares?

So shareholders might well want to know whether insiders have been buying or selling shares in Zhejiang Cangnan Instrument Group Company Limited (HKG:1743). … View our latest analysis for Zhejiang Cangnan Instrument Group. … The Last 12 Months Of Insider Transactions At Zhejiang Cangnan Instrument Group.

Simply Wall St -

Is Zhejiang Cangnan Instrument Group Company Limited's (HKG:1743) 39% Better Than Average?

To keep the lesson grounded in practicality, we'll use ROE to better understand Zhejiang Cangnan Instrument Group Company Limited (HKG:1743). … Over the last twelve months Zhejiang Cangnan Instrument Group has recorded a ROE of 39%. … Check out our latest analysis for Zhejiang Cangnan Instrument Group?

Simply Wall St -

Company Info

Description

Zhejiang Cangnan Instrument Group Company Limited manufactures, sells, and services integrating gas measurement instruments, nuclear matching products, gas pressure regulators, and software products in China. It offers industrial and commercial gas flowmeters, volume correctors, and electronic parts, as well as flowrate controllers; residential gas meters, remote wireless diaphragm gas meters, and remote wireless smart controllers; and nuclear level throttling devices and ancillary instruments that are used in gas pipelines, including IC card controllers, gas pressure regulating equipment, and gas filters. The company’s products are used in urban gas industry and petroleum systems. It also exports its products to the Americas, Europe, South America, Southeast Asia, and other countries and regions. The company was founded in 1977 and is headquartered in Wenzhou, China.

Details
Name: Zhejiang Cangnan Instrument Group Company Limited
1743
Exchange: SEHK
Founded: 1977
HK$1,144,575,138
69,791,167
Website: http://www.zjcnyb.com
Address: Zhejiang Cangnan Instrument Group Company Limited
Industrial Demonstrative Industrial Park,
Lingxi Town,
Wenzhou,
Zhejiang Province, 325800,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1743 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong Ltd. HK HKD 04. Jan 2019
Number of employees
Current staff
Staff numbers
507
Zhejiang Cangnan Instrument Group employees.
Industry
Electronic Equipment and Instruments
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/19 13:16
End of day share price update: 2019/05/17 00:00
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.