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Suchuang Gas

SEHK:1430
Snowflake Description

Flawless balance sheet with limited growth.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1430
SEHK
HK$2B
Market Cap
  1. Home
  2. HK
  3. Utilities
Company description

Suchuang Gas Corporation Limited, an investment holding company, engages in the distribution and sale of piped natural gas to industrial, commercial, and residential users in the People’s Republic of China. The last earnings update was 21 days ago. More info.


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1430 Share Price and Events
7 Day Returns
-2.7%
SEHK:1430
-1.1%
HK Gas Utilities
-3.5%
HK Market
1 Year Returns
-14.1%
SEHK:1430
-1.1%
HK Gas Utilities
-16.8%
HK Market
1430 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Suchuang Gas (1430) -2.7% -0.5% -0.9% -14.1% -0.9% -
HK Gas Utilities -1.1% -1% -0.2% -1.1% 70.8% 32.4%
HK Market -3.5% -9.6% -4.2% -16.8% 24.6% 7.2%
1 Year Return vs Industry and Market
  • 1430 underperformed the Gas Utilities industry which returned -1.1% over the past year.
  • 1430 outperformed the Market in Hong Kong which returned -16.8% over the past year.
Price Volatility
1430
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Suchuang Gas's competitors could be found in our database.

Value

 Is Suchuang Gas 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 Suchuang Gas 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 Suchuang Gas.

SEHK:1430 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 6.8%
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:1430
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6%
Gas Utilities Unlevered Beta Simply Wall St/ S&P Global 0.42
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.417 (1 + (1- 25%) (9.03%))
0.628
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (0.8 * 5.96%)
6.77%

Discounted Cash Flow Calculation for SEHK:1430 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Suchuang Gas 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:1430 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 6.77%)
2019 39.27 Est @ -17.04% 36.78
2020 34.82 Est @ -11.32% 30.54
2021 32.27 Est @ -7.33% 26.51
2022 30.81 Est @ -4.53% 23.71
2023 30.02 Est @ -2.57% 21.63
2024 29.66 Est @ -1.2% 20.02
2025 29.59 Est @ -0.24% 18.70
2026 29.72 Est @ 0.44% 17.59
2027 29.98 Est @ 0.91% 16.63
2028 30.35 Est @ 1.23% 15.77
Present value of next 10 years cash flows CN¥227.87
SEHK:1430 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CN¥30.35 × (1 + 2%) ÷ (6.77% – 2%)
CN¥649.39
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥649.39 ÷ (1 + 6.77%)10
CN¥337.27
SEHK:1430 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥227.87 + CN¥337.27
CN¥565.14
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥565.14 / 902.92
CN¥0.63
SEHK:1430 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:1430)
1.136
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥0.63 x 1.136
HK$0.71
Value per share (HKD) From above. HK$0.71
Current discount Discount to share price of HK$2.19
= -1 x (HK$2.19 - HK$0.71) / HK$0.71
-208.1%

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

  • The current share price of Suchuang Gas is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Suchuang Gas's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Suchuang Gas's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:1430 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥0.11
SEHK:1430 Share Price ** SEHK (2019-05-21) in HKD HK$2.19
SEHK:1430 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.881 CN¥1.93
Hong Kong Gas Utilities Industry PE Ratio Median Figure of 13 Publicly-Listed Gas Utilities Companies 16.92x
Hong Kong Market PE Ratio Median Figure of 1,477 Publicly-Listed Companies 11.08x

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

** Primary Listing of Suchuang Gas.

SEHK:1430 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1430 Share Price ÷ EPS (both in CNY)

= 1.93 ÷ 0.11

17.66x

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

  • Suchuang Gas is overvalued based on earnings compared to the HK Gas Utilities industry average.
  • Suchuang Gas is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Suchuang Gas's expected growth come at a high price?
Raw Data
SEHK:1430 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.66x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
14.6%per year
Hong Kong Gas Utilities Industry PEG Ratio Median Figure of 8 Publicly-Listed Gas Utilities Companies 1.18x
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 Suchuang Gas, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Suchuang Gas's assets?
Raw Data
SEHK:1430 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥1.52
SEHK:1430 Share Price * SEHK (2019-05-21) in HKD HK$2.19
SEHK:1430 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.881 CN¥1.93
Hong Kong Gas Utilities Industry PB Ratio Median Figure of 14 Publicly-Listed Gas Utilities Companies 1.4x
Hong Kong Market PB Ratio Median Figure of 2,156 Publicly-Listed Companies 0.97x
SEHK:1430 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1430 Share Price ÷ Book Value per Share (both in CNY)

= 1.93 ÷ 1.52

1.27x

* Primary Listing of Suchuang Gas.

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

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

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

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

Future Performance

 How is Suchuang Gas expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Suchuang Gas, 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
14.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Suchuang Gas expected to grow at an attractive rate?
  • Suchuang Gas's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • Suchuang Gas's earnings growth is expected to exceed the Hong Kong market average.
  • Unable to compare Suchuang Gas's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:1430 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:1430 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 14.6%
Hong Kong Gas Utilities Industry Earnings Growth Rate Market Cap Weighted Average 10.3%
Hong Kong Gas Utilities Industry Revenue Growth Rate Market Cap Weighted Average 10.7%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average -5.7%
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:1430 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:1430 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
SEHK:1430 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 1,103 115 99
2018-09-30 1,079 134 96
2018-06-30 1,054 152 93
2018-03-31 1,011 158 93
2017-12-31 967 164 94
2017-09-30 899 159 102
2017-06-30 830 154 111
2017-03-31 785 143 116
2016-12-31 741 133 121
2016-09-30 743 136 126
2016-06-30 745 139 132
2016-03-31 770 151 135

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Suchuang Gas's earnings are expected to grow by 14.6% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Suchuang Gas 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:1430 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 Suchuang Gas Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1430 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
SEHK:1430 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 0.11
2018-09-30 0.11
2018-06-30 0.10
2018-03-31 0.10
2017-12-31 0.10
2017-09-30 0.12
2017-06-30 0.13
2017-03-31 0.13
2016-12-31 0.14
2016-09-30 0.15
2016-06-30 0.16
2016-03-31 0.17

*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 Suchuang Gas will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Suchuang Gas'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.
Suchuang Gas has a total score of 2/6, 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 Suchuang Gas 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 Suchuang Gas's growth in the last year to its industry (Gas Utilities).
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.
  • Suchuang Gas's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Suchuang Gas's 1-year earnings growth exceeds its 5-year average (5% vs -4.2%)
  • Suchuang Gas's earnings growth has not exceeded the HK Gas Utilities industry average in the past year (5% vs 10.7%).
Earnings and Revenue History
Suchuang Gas'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 Suchuang Gas Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1430 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 1,102.81 98.62 96.14
2018-09-30 1,078.58 95.74 95.09
2018-06-30 1,054.35 92.86 93.35
2018-03-31 1,010.81 93.38 86.77
2017-12-31 967.27 93.90 80.87
2017-09-30 898.64 102.49 74.09
2017-06-30 830.02 111.08 67.31
2017-03-31 785.46 115.88 63.03
2016-12-31 740.90 120.68 58.75
2016-09-30 742.98 126.34 53.69
2016-06-30 745.06 132.01 48.63
2016-03-31 770.34 135.32 46.36
2015-12-31 795.63 138.64 44.09
2015-09-30 817.92 133.76 45.74
2015-06-30 824.21 127.98 41.27
2015-03-31 804.90 122.17 36.62
2014-12-31 785.59 116.36 31.97
2014-09-30 757.70 115.57 28.02
2014-06-30 721.10 113.90 25.40
2014-03-31 692.38 110.30 24.56
2013-12-31 663.66 106.70 23.72
2012-12-31 522.98 71.03 9.77

*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.
  • Suchuang Gas has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Suchuang Gas used its assets less efficiently than the HK Gas Utilities industry average last year based on Return on Assets.
  • Suchuang Gas's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Suchuang Gas'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 Gas Utilities 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.
Suchuang Gas has a total score of 1/6, 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 Suchuang Gas'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 Suchuang Gas's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Suchuang Gas is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Suchuang Gas's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Suchuang Gas's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 4.8x 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 Suchuang Gas Company Filings, last reported 4 months ago.

SEHK:1430 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,458.80 158.01 513.37
2018-09-30 1,458.80 158.01 513.37
2018-06-30 1,395.30 60.00 568.07
2018-03-31 1,395.30 60.00 568.07
2017-12-31 1,355.88 90.00 614.68
2017-09-30 1,355.88 90.00 614.68
2017-06-30 1,279.05 75.00 605.69
2017-03-31 1,279.05 75.00 605.69
2016-12-31 1,146.60 95.78 512.36
2016-09-30 1,146.60 95.78 512.36
2016-06-30 1,064.05 104.19 477.52
2016-03-31 1,064.05 104.19 477.52
2015-12-31 930.15 60.00 445.39
2015-09-30 930.15 60.00 445.39
2015-06-30 856.18 60.00 446.96
2015-03-31 856.18 60.00 446.96
2014-12-31 461.27 120.95 125.38
2014-09-30 429.61 170.00 121.57
2014-06-30 398.87 194.00 95.97
2014-03-31 398.87 194.00 95.97
2013-12-31 271.61 532.44 69.81
2012-12-31 385.85 669.26 69.55
  • Suchuang Gas's level of debt (10.8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (193.6% vs 10.8% today).
  • Debt is well covered by operating cash flow (72.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 113x coverage).
X
Financial health checks
We assess Suchuang Gas'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. Suchuang Gas has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

Dividends

 What is Suchuang Gas'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
1.45%
Current annual income from Suchuang Gas dividends.
If you bought HK$2,000 of Suchuang Gas shares you are expected to receive HK$29 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?
  • Suchuang Gas's pays a lower dividend yield than the bottom 25% of dividend payers in Hong Kong (2.09%).
  • Suchuang Gas's dividend is below the markets top 25% of dividend payers in Hong Kong (5.75%).
Upcoming dividend payment

Purchase Suchuang Gas before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:1430 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 Gas Utilities Industry Average Dividend Yield Market Cap Weighted Average of 11 Stocks 1.8%
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 5.8%

Industry and Market average data is calculated daily.

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

SEHK:1430 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
SEHK:1430 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-03-29 0.028 1.461
2018-03-28 0.020 0.892
2017-05-19 0.028 1.102
2016-04-28 0.034 1.750
2016-03-30 0.034 1.857
2015-04-29 0.022 1.213

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

  • Suchuang Gas has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Suchuang Gas only paid a dividend in the past 4 years.
Current Payout to shareholders
What portion of Suchuang Gas's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.9x 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 Suchuang Gas'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 Suchuang Gas afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Suchuang Gas has a total score of 1/6, 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 Suchuang Gas'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
Shaozhou Du
COMPENSATION CN¥1,594,000
AGE 65
TENURE AS CEO 4.7 years
CEO Bio

Mr. Shaozhou Du is the Chief Executive Officer of Suchuang Gas Corporation Limited and Executive Director since September 12, 2014 Mr. Du has over 45 years of experience in the oil and gas industry. He has been a director of Taicang Natural Gas since 12 February 2015, responsible for the management of its operation. From September 2008 to August 2012, he served at PetroChina Kunlun Natural Gas Usage Company Limited as Deputy General Manager, Deputy Secretary to the Communist Party Committee, secretary to the Disciplinary Committee and chairman of the labour union. From April 1995 to September 2008, Mr. Du held various senior positions in Shenzhen Petroleum Industrial Co., Ltd.

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

Aping Su

TITLE
Chairman of the Board
COMPENSATION
CN¥2M
AGE
69

Shaozhou Du

TITLE
CEO & Executive Director
COMPENSATION
CN¥2M
AGE
65
TENURE
4.7 yrs

Yi Su

TITLE
Executive Vice Chairman
COMPENSATION
CN¥1M
AGE
45

Yaying Zhu

TITLE
Executive Director
COMPENSATION
CN¥2M
AGE
71

Chi Ng

TITLE
CFO & Company Secretary
AGE
44

Guangyou Lian

TITLE
Chief Engineer of Taicang Natural Gas
AGE
66
TENURE
17 yrs

Hui Huang

TITLE
Chief Financial Officer of Taicang Natural Gas
AGE
49
Board of Directors Tenure

Average tenure and age of the Suchuang Gas board of directors in years:

4.3
Average Tenure
54
Average Age
  • The tenure for the Suchuang Gas board of directors is about average.
Board of Directors

Aping Su

TITLE
Chairman of the Board
COMPENSATION
CN¥2M
AGE
69
TENURE
4.7 yrs

Shaozhou Du

TITLE
CEO & Executive Director
COMPENSATION
CN¥2M
AGE
65
TENURE
4.7 yrs

Yi Su

TITLE
Executive Vice Chairman
COMPENSATION
CN¥1M
AGE
45
TENURE
2.3 yrs

Yaying Zhu

TITLE
Executive Director
COMPENSATION
CN¥2M
AGE
71
TENURE
5.8 yrs

Qingzu Zhou

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥215K
AGE
85
TENURE
4.3 yrs

Teddy Luk

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥215K
AGE
54
TENURE
4.3 yrs

Michael Xu

TITLE
Non-Executive Director
COMPENSATION
CN¥215K
AGE
49
TENURE
5.3 yrs

Tong Zhu

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥61K
AGE
49
TENURE
1.8 yrs

Bo Jin

TITLE
Non-Executive Director
AGE
46
TENURE
0.7 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$) Value (HK$)
X
Management checks
We assess Suchuang Gas'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. Suchuang Gas 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

Suchuang Gas Corporation Limited (HKG:1430): Commentary On Fundamentals

Suchuang Gas Corporation Limited (HKG:1430) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective. … is a company that has been able to sustain great financial health, trading at an attractive share price

Simply Wall St -

Is Suchuang Gas Corporation Limited (HKG:1430) Investing Effectively In Its Business?

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … What is Return On Capital Employed (ROCE)? … Analysts use this formula to calculate return on capital employed:

Simply Wall St -

Don't Sell Suchuang Gas Corporation Limited (HKG:1430) Before You Read This

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … Price to Earnings Ratio = Share Price (in reporting currency) ÷ Earnings per Share (EPS) … P/E of 18.89 = CN¥1.94 (Note: this is the share price in the reporting currency, namely, CNY ) ÷ CN¥0.10

Simply Wall St -

Should You Buy Suchuang Gas Corporation Limited (HKG:1430) For Its Dividend?

Dividends play an important role in compounding returns in the long run and end up forming a sizeable part of investment returns. … Suchuang Gas Corporation Limited (HKG:1430) has recently paid dividends to shareholders, and currently yields 1.0%. … Let's take a look at Suchuang Gas in more detail.

Simply Wall St -

Is Suchuang Gas Corporation Limited's (HKG:1430) 7.2% ROE Worse Than Average?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Another way to think of that is that for every HK$1 worth of equity in the company, it was able to earn HK$0.072. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Is Suchuang Gas Corporation Limited (HKG:1430) Struggling With Its 8.7% Return On Capital Employed?

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Return On Capital Employed (ROCE): What is it? … Analysts use this formula to calculate return on capital employed:

Simply Wall St -

Is Suchuang Gas Corporation Limited's (HKG:1430) CEO Paid At A Competitive Rate?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Shaozhou Du's Compensation Compare With Similar Sized Companies. … According to our data, Suchuang Gas Corporation Limited has a market capitalization of HK$2.6b, and pays its CEO total annual compensation worth CN¥1.6m

Simply Wall St -

Read This Before Judging Suchuang Gas Corporation Limited's (HKG:1430) ROE

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$0.072 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Is Suchuang Gas Corporation Limited's (HKG:1430) PE Ratio A Signal To Sell For Investors?

and want to start learning about core concepts of fundamental analysis on practical examples from today's market. … While this makes 1430 appear like a stock to avoid or sell if you own it, you might change your mind after I explain the assumptions behind the P/E ratio. … I will explain what the P/E ratio is as well as what you should look out for when using it

Simply Wall St -

With An ROE Of 7.39%, Can Suchuang Gas Corporation Limited (HKG:1430) Catch Up To The Industry?

and want to begin learning the link between Suchuang Gas Corporation Limited (HKG:1430)’s return fundamentals and stock market performance. … Suchuang Gas Corporation Limited’s (HKG:1430) most recent return on equity was a substandard 7.39% relative to its industry performance of 13.31% over the past year. … Though 1430's recent performance is underwhelming, it is useful to understand what ROE is made up of and how it should be interpreted.

Simply Wall St -

Company Info

Description

Suchuang Gas Corporation Limited, an investment holding company, engages in the distribution and sale of piped natural gas to industrial, commercial, and residential users in the People’s Republic of China. It also provides natural gas transmission services; operates as a contractor for the construction and installation of gas pipelines; and constructs and operates natural gas filling stations. As of December 31, 2017, the company operated five compressed natural gas (CNG) filling stations, including three CNG filling stations in Guangyuan and Sichuan; and two CNG filling stations in Taicang and Suzhou. It serves 585 commercial and industrial customers, and 220,000 residential customers. The company has a strategic cooperation framework agreement with China Railway Real Estate Group Co., Ltd. for urban development and operation. Suchuang Gas Corporation Limited was incorporated in 2013 and is headquartered in Taicang, the People’s Republic of China.

Details
Name: Suchuang Gas Corporation Limited
1430
Exchange: SEHK
Founded: 2013
HK$1,986,432,800
902,924,000
Website: http://www.suchuanggas.com
Address: Suchuang Gas Corporation Limited
116 Loujiang South Road,
Suzhou,
Taicang,
Jiangsu Province, 215400,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1430 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 11. Mar 2015
Number of employees
Current staff
Staff numbers
371
Suchuang Gas employees.
Industry
Gas Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/21 13:01
End of day share price update: 2019/05/21 00:00
Last estimates confirmation: 2017/03/31
Last earnings filing: 2019/04/30
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.