Executive Summary
China Water Affairs Group Limited, an investment holding company, engages in the water supply, sewage treatment, and property businesses in the People’s Republic of China.
Snowflake
Fundamentals
Good value average dividend payer.
Similar Companies
Share Price & News
How has China Water Affairs Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
1.0%
855
1.2%
HK Water Utilities
-0.6%
HK Market
1 Year Return
-17.5%
855
12.1%
HK Water Utilities
0.9%
HK Market
Return vs Industry: 855 underperformed the Hong Kong Water Utilities industry which returned 12.1% over the past year.
Return vs Market: 855 underperformed the Hong Kong Market which returned 0.9% over the past year.
Shareholder returns
| 855 | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.0% | 1.2% | -0.6% |
| 30 Day | -4.9% | 1.8% | 0.8% |
| 90 Day | -17.0% | -3.3% | -5.7% |
| 1 Year | -14.1%-17.5% | 16.5%12.1% | 4.6%0.9% |
| 3 Year | 15.7%3.4% | 15.3%3.6% | 15.8%4.2% |
| 5 Year | 85.6%59.8% | 35.2%16.9% | 17.8%-1.9% |
Price Volatility Vs. Market
How volatile is China Water Affairs Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 hours ago | Simply Wall St
Does China Water Affairs Group (HKG:855) Have A Healthy Balance Sheet?1 week ago | Simply Wall St
Does China Water Affairs Group Limited (HKG:855) Have A High Beta?3 weeks ago | Simply Wall St
Is China Water Affairs Group Limited (HKG:855) An Attractive Dividend Stock?Valuation
Is China Water Affairs Group undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 855 (HK$6.04) is trading below our estimate of fair value (HK$38.86)
Significantly Below Fair Value: 855 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 855 is poor value based on its PE Ratio (7.1x) compared to the Water Utilities industry average (6.4x).
PE vs Market: 855 is good value based on its PE Ratio (7.1x) compared to the Hong Kong market (10.3x).
Price to Earnings Growth Ratio
PEG Ratio: 855 is good value based on its PEG Ratio (0.5x)
Price to Book Ratio
PB vs Industry: 855 is overvalued based on its PB Ratio (1.2x) compared to the HK Water Utilities industry average (0.7x).
Next Steps
Future Growth
How is China Water Affairs Group forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
14.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 855's forecast earnings growth (14.5% per year) is above the savings rate (2%).
Earnings vs Market: 855's earnings (14.5% per year) are forecast to grow faster than the Hong Kong market (11.1% per year).
High Growth Earnings: 855's earnings are forecast to grow, but not significantly.
Revenue vs Market: 855's revenue (12% per year) is forecast to grow faster than the Hong Kong market (9.7% per year).
High Growth Revenue: 855's revenue (12% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 855's Return on Equity is forecast to be low in 3 years time (18.7%).
Next Steps
Past Performance
How has China Water Affairs Group performed over the past 5 years?
30.6%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: 855's earnings have grown significantly by 30.6% per year over the past 5 years.
Accelerating Growth: 855's earnings growth over the past year (20.1%) is below its 5-year average (30.6% per year).
Earnings vs Industry: 855 earnings growth over the past year (20.1%) exceeded the Water Utilities industry 13.4%.
Return on Equity
High ROE: 855's Return on Equity (16.5%) is considered low.
Return on Assets
ROA vs Industry: 855's Return on Assets is below or equal to the Water Utilities industry average last year.
Return on Capital Employed
ROCE Improving: 855 has improved its Return on Capital Employed over the past 3 years.
Next Steps
Financial Health
How is China Water Affairs Group's financial position?
Financial Position Analysis
Short Term Liabilities: 855's short term assets (HK$11.3B) exceeds its short term liabilities (HK$10.0B)
Long Term Liabilities: 855's short term assets (11.3B) do not cover its long term liabilities (12.9B)
Debt to Equity History and Analysis
Debt Level: 855's debt to equity ratio (118%) is considered high
Reducing Debt: 855's debt to equity ratio has increased from 86.1% to 118% over the past 5 years.
Debt Coverage: 855's debt is not well covered by operating cash flow (6.7%).
Interest Coverage: 855's interest payments on its debt are well covered by EBIT (13.1x coverage).
Balance Sheet
Inventory Level: 855 has a low level of unsold assets or inventory.
Debt Coverage by Assets: 855's debt is not covered by short term assets (assets are 0.7x debt).
Next Steps
Dividend
What is China Water Affairs Group's current dividend yield, its reliability and sustainability?
4.64%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: 855's dividend (4.64%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.28%).
High Dividend: 855's dividend (4.64%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.22%).
Stable Dividend: 855's dividend payments have been volatile in the past 10 years.
Growing Dividend: 855's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (32.9%), 855's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 855's dividends in 3 years are forecast to be well covered by earnings (32.3% payout ratio).
Next Steps
Management
What is the CEO of China Water Affairs Group's salary, the management and board of directors tenure and is there insider trading?
9.9yrs
Average board tenure
CEO
China Water Affairs Group has no CEO, or we have no data on them.
Board Age and Tenure
9.9yrs
Average Tenure
55.5yo
Average Age
Experienced Board: 855's board of directors are considered experienced (9.9 years average tenure).
Insider Trading
Insider Buying: 855 insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Executive Director |
| Shares | 100,000 |
| Max Price | HK$6.10 |
| Entity | Individual |
| Role | Chairman of the Board Executive Chairman |
| Shares | 272,000 |
| Max Price | HK$6.19 |
| Entity | Individual |
| Role | Member of the Board of Directors Executive Director |
| Shares | 76,000 |
| Max Price | HK$6.15 |
| Entity | Individual |
| Role | Member of the Board of Directors Executive Director |
| Shares | 120,000 |
| Max Price | HK$6.09 |
| Entity | Individual |
| Role | Chairman of the Board Executive Chairman |
| Shares | 338,000 |
| Max Price | HK$6.09 |
| Entity | Individual |
| Role | Chairman of the Board Executive Chairman |
| Shares | 250,000 |
| Max Price | HK$6.00 |
| Entity | Individual |
| Role | Member of the Board of Directors Executive Director |
| Shares | 200,000 |
| Max Price | HK$5.78 |
| Entity | Individual |
| Role | Chairman of the Board Executive Chairman |
| Shares | 400,000 |
| Max Price | HK$5.77 |
| Entity | Individual |
| Role | Chairman of the Board Executive Chairman |
| Shares | 500,000 |
| Max Price | HK$5.51 |
| Entity | Individual |
| Role | Member of the Board of Directors Executive Director |
| Shares | 150,000 |
| Max Price | HK$5.49 |
| Entity | Individual |
| Role | Member of the Board of Directors Executive Director |
| Shares | 100,000 |
| Max Price | HK$7.14 |
Ownership Breakdown
Management Team
Chuan Liang Duan (56yo)
Executive Chairman
- Tenure: 0yrs
- Compensation: HK$22.04m
Michelle Liu (55yo)
Executive Director
- Tenure: 5.1yrs
- Compensation: HK$4.42m
Aston Lie (41yo)
Company Secretary
- Tenure: 8.8yrs
Bin Ding (43yo)
Executive Director
- Tenure: 6.3yrs
- Compensation: HK$2.12m
Zhong Li (51yo)
Executive Director
- Tenure: 4.3yrs
- Compensation: HK$4.24m
Jerry Linnan Duan (28yo)
Executive Director
- Tenure: 0yrs
Board Members
Hai Hu Zhao (64yo)
Non-Executive Director
- Tenure: 16.3yrs
- Compensation: HK$678.00k
Chuan Liang Duan (56yo)
Executive Chairman
- Tenure: 0yrs
- Compensation: HK$22.04m
Donald Chau (56yo)
Independent Non Executive Director
- Tenure: 12.6yrs
- Compensation: HK$348.00k
Makoto Inoue (67yo)
Non-Executive Director
- Tenure: 7.3yrs
- Compensation: HK$60.00k
King Keung Ong (43yo)
Independent Non-Executive Director
- Tenure: 12.6yrs
- Compensation: HK$300.00k
Wen Zhi Zhou (78yo)
Non-Executive Director
- Tenure: 15yrs
- Compensation: HK$120.00k
Michelle Liu (55yo)
Executive Director
- Tenure: 5.1yrs
- Compensation: HK$4.42m
Bin Ding (43yo)
Executive Director
- Tenure: 6.3yrs
- Compensation: HK$2.12m
Zhong Li (51yo)
Executive Director
- Tenure: 4.3yrs
- Compensation: HK$4.24m
Jerry Linnan Duan (28yo)
Executive Director
- Tenure: 0yrs
Company Information
China Water Affairs Group Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: China Water Affairs Group Limited
- Ticker: 855
- Exchange: SEHK
- Founded:
- Industry: Water Utilities
- Sector: Utilities
- Market Cap: HK$9.785b
- Shares outstanding: 1.60b
- Website: https://www.chinawatergroup.com
Number of Employees
Location
- China Water Affairs Group Limited
- Central Plaza
- 64th Floor
- Wanchai
- Hong Kong
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 855 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Oct 1999 |
| CUBB | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Oct 1999 |
| CWAF.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Oct 1999 |
| 855 | SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect) | Yes | Ordinary Shares | HK | HKD | Oct 1999 |
| CUB | XTRA (XETRA Trading Platform) | HKD0.01 | DE | EUR | Apr 2006 |
Biography
China Water Affairs Group Limited, an investment holding company, engages in the water supply, sewage treatment, and property businesses in the People’s Republic of China. The company’s City Water Supply O ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/23 12:37 |
| End of Day Share Price | 2019/10/23 00:00 |
| Earnings | 2019/03/31 |
| Annual Earnings | 2019/03/31 |
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.