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China Jishan Holdings

SGX:J18
Snowflake Description

Slightly overvalued with limited growth.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
J18
SGX
SGD33M
Market Cap
  1. Home
  2. SG
  3. Consumer Durables
Company description

China Jishan Holdings Limited, an investment holding company, operates in the textile industry in the People’s Republic of China. The last earnings update was 14 days ago. More info.


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  • China Jishan Holdings has significant price volatility in the past 3 months.
J18 Share Price and Events
7 Day Returns
0%
SGX:J18
0.7%
Asia Luxury
0.2%
SG Market
1 Year Returns
-12.7%
SGX:J18
-4.3%
Asia Luxury
-5.7%
SG Market
J18 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
China Jishan Holdings (J18) 0% 0% -21.4% -12.7% 340% 18.3%
Asia Luxury 0.7% 3% 12.8% -4.3% 25.5% 33.7%
SG Market 0.2% 4.1% 4.4% -5.7% 10.8% -2.6%
1 Year Return vs Industry and Market
  • J18 underperformed the Luxury industry which returned -4.3% over the past year.
  • J18 underperformed the Market in Singapore which returned -5.7% over the past year.
Price Volatility
J18
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for China Jishan Holdings's competitors could be found in our database.

Value

 Is China Jishan Holdings 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 China Jishan Holdings 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 China Jishan Holdings.

SGX:J18 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 11.3%
Perpetual Growth Rate 10-Year SG Government Bond Rate 2.3%

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 SGX:J18
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year SG Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.73 (1 + (1- 25%) (188.16%))
1.509
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.51
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.3% + (1.509 * 5.96%)
11.3%

Discounted Cash Flow Calculation for SGX:J18 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for China Jishan Holdings 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.

SGX:J18 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 11.3%)
2019 59.10 Est @ 19.08% 53.10
2020 67.40 Est @ 14.05% 54.41
2021 74.49 Est @ 10.52% 54.03
2022 80.49 Est @ 8.06% 52.46
2023 85.59 Est @ 6.33% 50.12
2024 89.97 Est @ 5.12% 47.34
2025 93.82 Est @ 4.28% 44.35
2026 97.28 Est @ 3.68% 41.32
2027 100.46 Est @ 3.27% 38.34
2028 103.45 Est @ 2.98% 35.48
Present value of next 10 years cash flows CN¥470.96
SGX:J18 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CN¥103.45 × (1 + 2.3%) ÷ (11.3% – 2.3%)
CN¥1,176.84
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥1,176.84 ÷ (1 + 11.3%)10
CN¥403.57
SGX:J18 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥470.96 + CN¥403.57
CN¥874.53
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥874.53 / 301.50
CN¥2.9
SGX:J18 Discount to Share Price
Calculation Result
Exchange Rate CNY/SGD
(Reporting currency to currency of SGX:J18)
0.202
Value per Share
(SGD)
= Value per Share in CNY x Exchange Rate (CNY/SGD)
= CN¥2.9 x 0.202
SGD0.59
Value per share (SGD) From above. SGD0.59
Current discount Discount to share price of SGD0.11
= -1 x (SGD0.11 - SGD0.59) / SGD0.59
81.3%

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

Current Discount
Amount off the current price China Jishan Holdings is available for.
Intrinsic value
>50%
Share price is SGD0.11 vs Future cash flow value of SGD0.58715
Current Discount Checks
For China Jishan Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • China Jishan Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • China Jishan Holdings'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 China Jishan Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are China Jishan Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SGX:J18 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥0.04
SGX:J18 Share Price ** SGX (2019-04-25) in SGD SGD0.11
SGX:J18 Share Price converted to CNY reporting currency Exchange rate (SGD/ CNY) 4.94 CN¥0.54
Asia Luxury Industry PE Ratio Median Figure of 319 Publicly-Listed Luxury Companies 11.95x
Singapore Market PE Ratio Median Figure of 328 Publicly-Listed Companies 13.19x

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

** Primary Listing of China Jishan Holdings.

SGX:J18 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SGX:J18 Share Price ÷ EPS (both in CNY)

= 0.54 ÷ 0.04

13.99x

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

  • China Jishan Holdings is overvalued based on earnings compared to the Asia Luxury industry average.
  • China Jishan Holdings is overvalued based on earnings compared to the Singapore market.
Price based on expected Growth
Does China Jishan Holdings's expected growth come at a high price?
Raw Data
SGX:J18 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.99x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
15.9%per year
Asia Luxury Industry PEG Ratio Median Figure of 47 Publicly-Listed Luxury Companies 1.09x
Singapore Market PEG Ratio Median Figure of 120 Publicly-Listed Companies 1.58x

*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 China Jishan Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on China Jishan Holdings's assets?
Raw Data
SGX:J18 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥0.60
SGX:J18 Share Price * SGX (2019-04-25) in SGD SGD0.11
SGX:J18 Share Price converted to CNY reporting currency Exchange rate (SGD/ CNY) 4.94 CN¥0.54
Asia Luxury Industry PB Ratio Median Figure of 435 Publicly-Listed Luxury Companies 0.8x
Singapore Market PB Ratio Median Figure of 432 Publicly-Listed Companies 0.76x
SGX:J18 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SGX:J18 Share Price ÷ Book Value per Share (both in CNY)

= 0.54 ÷ 0.60

0.91x

* Primary Listing of China Jishan Holdings.

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

  • China Jishan Holdings is overvalued based on assets compared to the Asia Luxury industry average.
X
Value checks
We assess China Jishan Holdings'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 Luxury 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 Luxury industry average (and greater than 0)? (1 check)
  5. China Jishan Holdings has a total score of 2/6, 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 China Jishan Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover China Jishan Holdings, 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
15.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is China Jishan Holdings expected to grow at an attractive rate?
  • China Jishan Holdings's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • China Jishan Holdings's earnings growth is expected to exceed the Singapore market average.
  • Unable to compare China Jishan Holdings's revenue growth to the Singapore market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SGX:J18 Future Growth Rates Data Sources
Data Point Source Value (per year)
SGX:J18 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 15.9%
Asia Luxury Industry Earnings Growth Rate Market Cap Weighted Average 16.9%
Asia Luxury Industry Revenue Growth Rate Market Cap Weighted Average 12.6%
Singapore Market Earnings Growth Rate Market Cap Weighted Average 5.9%
Singapore Market Revenue Growth Rate Market Cap Weighted Average 4.7%

*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
SGX:J18 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 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.
SGX:J18 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 38 55 12
2018-09-30 36 58 2
2018-06-30 36 51 29
2018-03-31 36 47 26
2017-12-31 35 43 23
2017-09-30 38 4 30
2017-06-30 41 6 -6
2017-03-31 54 18 -9
2016-12-31 65 6 -10
2016-09-30 122 19 -14
2016-06-30 140 12 -10
2016-03-31 143 -38 -2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • China Jishan Holdings's earnings are expected to grow by 15.9% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if China Jishan Holdings 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
SGX:J18 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 0 Analyst Estimates (S&P Global) See Below

All data from China Jishan Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:J18 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 0.04
2018-09-30 0.01
2018-06-30 0.10
2018-03-31 0.09
2017-12-31 0.08
2017-09-30 0.10
2017-06-30 -0.02
2017-03-31 -0.03
2016-12-31 -0.03
2016-09-30 -0.05
2016-06-30 -0.03
2016-03-31 -0.01

*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 China Jishan Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess China Jishan Holdings'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 Asia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia 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.
China Jishan Holdings 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 China Jishan Holdings 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 China Jishan Holdings's growth in the last year to its industry (Luxury).
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.
  • China Jishan Holdings has delivered over 20% year on year earnings growth in the past 5 years.
  • China Jishan Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • China Jishan Holdings's 1-year earnings growth is negative, it can't be compared to the Asia Luxury industry average.
Earnings and Revenue History
China Jishan Holdings'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 China Jishan Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:J18 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 37.72 11.71 31.74
2018-09-30 36.42 2.39 63.77
2018-06-30 36.42 29.20 62.15
2018-03-31 35.99 26.28 60.16
2017-12-31 35.02 22.76 40.95
2017-09-30 37.75 29.75 41.69
2017-06-30 40.60 -5.87 42.55
2017-03-31 54.31 -8.69 39.20
2016-12-31 65.17 -10.38 36.33
2016-09-30 122.01 -13.58 26.14
2016-06-30 140.20 -9.93 26.90
2016-03-31 143.10 -2.44 28.83
2015-12-31 181.97 61.15 32.54
2015-09-30 227.53 48.03 41.61
2015-06-30 292.87 40.74 45.69
2015-03-31 357.56 27.08 54.98
2014-12-31 370.30 -43.29 58.72
2014-09-30 375.03 -36.31 56.17
2014-06-30 391.07 -27.24 57.92
2014-03-31 409.35 -23.87 55.39
2013-12-31 435.61 -19.52 56.24
2013-09-30 454.84 -2.32 58.40
2013-06-30 470.41 1.76 60.28
2013-03-31 486.35 6.43 60.87
2012-12-31 491.64 4.87 63.08
2012-09-30 500.72 -12.87 67.60
2012-06-30 507.10 -19.67 68.34

*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.
  • China Jishan Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • China Jishan Holdings used its assets less efficiently than the Asia Luxury industry average last year based on Return on Assets.
  • China Jishan Holdings has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess China Jishan Holdings'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 Luxury 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.
China Jishan Holdings has a total score of 2/6, 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 China Jishan Holdings'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 China Jishan Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • China Jishan Holdings's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • China Jishan Holdings's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of China Jishan Holdings'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 not covered by short term assets, assets are 0.1x 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.
Raw Data

All data from China Jishan Holdings Company Filings, last reported 3 months ago.

SGX:J18 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 179.47 308.28 27.65
2018-09-30 176.66 308.49 11.97
2018-06-30 174.19 311.47 8.78
2018-03-31 171.46 312.90 7.31
2017-12-31 168.87 343.79 40.70
2017-09-30 174.26 333.97 28.09
2017-06-30 144.99 341.97 40.14
2017-03-31 145.18 341.97 39.52
2016-12-31 146.10 379.97 97.03
2016-09-30 144.51 379.93 21.70
2016-06-30 150.86 379.93 32.73
2016-03-31 153.87 379.91 35.00
2015-12-31 156.49 379.91 62.13
2015-09-30 158.09 379.89 58.72
2015-06-30 160.79 369.85 54.77
2015-03-31 156.30 369.86 88.96
2014-12-31 95.33 369.85 93.91
2014-09-30 110.07 378.86 83.44
2014-06-30 120.05 378.61 89.37
2014-03-31 129.22 380.61 93.50
2013-12-31 138.62 380.61 147.13
2013-09-30 146.38 427.55 128.54
2013-06-30 147.29 455.55 130.25
2013-03-31 159.77 416.29 133.31
2012-12-31 164.83 480.18 199.47
2012-09-30 155.38 468.68 174.99
2012-06-30 152.21 467.68 177.05
  • China Jishan Holdings's level of debt (171.8%) 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 (274.8% vs 171.8% today).
  • Debt is not well covered by operating cash flow (17.8%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.8x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess China Jishan Holdings'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. China Jishan Holdings has a total score of 1/6, 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 China Jishan Holdings'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
0%
Current annual income from China Jishan Holdings dividends.
If you bought SGD2,000 of China Jishan Holdings shares you are expected to receive SGD0 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?
  • Unable to evaluate China Jishan Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate China Jishan Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
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
SGX:J18 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
Asia Luxury Industry Average Dividend Yield Market Cap Weighted Average of 166 Stocks 2.1%
Singapore Market Average Dividend Yield Market Cap Weighted Average of 278 Stocks 3.9%
Singapore Minimum Threshold Dividend Yield 10th Percentile 1.6%
Singapore Bottom 25% Dividend Yield 25th Percentile 2.5%
Singapore Top 25% Dividend Yield 75th Percentile 5.5%

Industry and Market average data is calculated daily.

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

SGX:J18 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2014-11-18 0.000 0.000
2014-08-13 0.000 0.000
2014-05-12 0.000 0.000
2014-04-10 0.000 0.000
2014-02-28 0.000 0.000
2013-04-16 0.022 4.121
2012-04-09 0.016 3.721
2011-03-23 0.032 8.266
2010-04-15 0.010 2.409
2010-04-14 0.010 1.742
2010-03-08 0.010 2.746

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

  • Unable to perform a dividend volatility check as China Jishan Holdings has not reported any payouts.
  • Unable to verify if China Jishan Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of China Jishan Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as China Jishan Holdings has not reported any payouts.
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 China Jishan Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - 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 China Jishan Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. China Jishan Holdings 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

 What is the CEO of China Jishan Holdings'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
Ziliang Xiao
TENURE AS CEO 2.9 years
CEO Bio

Mr. Ziliang Xiao has been the Chief Executive Officer of China Jishan Holdings Limited since May 11, 2016. Mr. Xiao served as Executive Deputy General Manager at China Jishan Holdings Limited and as its Deputy Sales Director and General Manager of Sales and Marketing. Mr. Xiao is responsible for the sales and marketing functions. He has been with China Jishan Holdings for more than 18 years in the area of sales and marketing. He has been Executive Director of China Jishan Holdings Limited since May 11, 2016. He graduated from Suzhou Institute of Silk Textile Technology in 1991, where he majored in dyeing and finishing.

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

Guan Jin

TITLE
Executive Director
COMPENSATION
CN¥600K
AGE
56

Ziliang Xiao

TITLE
CEO & Executive Director
TENURE
2.9 yrs

Michael Chin

TITLE
Chief Financial Officer
AGE
47
TENURE
6.4 yrs

Jian Tao

TITLE
Administration Manager

Ming Hai Yu

TITLE
Executive Director

Jiang Hou

TITLE
Head of Integrated Department

Kok Hoon Yong

TITLE
Executive Director
AGE
61

Priscilla Chan

TITLE
Company Secretary
Board of Directors Tenure

Average tenure and age of the China Jishan Holdings board of directors in years:

1.3
Average Tenure
58.5
Average Age
  • The average tenure for the China Jishan Holdings board of directors is less than 3 years, this suggests a new board.
Board of Directors

Kait Long Lien

TITLE
Non-Executive & Independent Chairman
AGE
70
TENURE
1.3 yrs

Guan Jin

TITLE
Executive Director
COMPENSATION
CN¥600K
AGE
56
TENURE
15.3 yrs

Ziliang Xiao

TITLE
CEO & Executive Director
TENURE
2.9 yrs

Ming Hai Yu

TITLE
Executive Director
TENURE
13.2 yrs

Kok Hoon Yong

TITLE
Executive Director
AGE
61
TENURE
1.3 yrs

Andrew Mak

TITLE
Independent Non-Executive Director
AGE
49
TENURE
1.3 yrs

Tian Cai

TITLE
Independent Non-Executive Director
TENURE
1.3 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 (SGD) Value (SGD)
X
Management checks
We assess China Jishan Holdings'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. China Jishan Holdings 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

Should We Be Cautious About China Jishan Holdings Limited's (SGX:J18) ROE Of 1.4%?

By way of learning-by-doing, we'll look at ROE to gain a better understanding of China Jishan Holdings Limited (SGX:J18). … That means that for every SGD1 worth of shareholders' equity, it generated SGD0.014 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

China Jishan Holdings Limited (SGX:J18): Assessing Capital Returns

and want a simplistic look at the return on China Jishan Holdings Limited (SGX:J18) stock. … This share represents a portion of capital used by the company to operate the business, and it is important the company is able to use the capital base efficiently to create adequate cash flows for you as an investor. … Therefore, looking at how efficiently China Jishan Holdings is able to use capital to create earnings will help us understand your potential return.

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Should You Buy China Jishan Holdings Limited (SGX:J18) At This PE Ratio?

I am writing today to help inform people who are new to the stock market. … and want to begin learning the link between China Jishan Holdings Limited (SGX:J18)’s fundamentals and stock market performance. … China Jishan Holdings Limited (SGX:J18) is currently trading at a trailing P/E of 7.5x, which is lower than the industry average of 15.9x.

Simply Wall St -

Should You Be Tempted To Buy China Jishan Holdings Limited (SGX:J18) Because Of Its PE Ratio?

It compares a stock’s price per share to the stock’s earnings per share. … Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for J18 Price per share = CN¥0.54 Earnings per share = CN¥0.075 ∴ Price-Earnings Ratio = CN¥0.54 ÷ CN¥0.075 = 7.1x The P/E ratio itself doesn’t tell you a lot; however, it becomes very insightful when you compare it with other similar companies. … Since J18's P/E of 7.1x is lower than its industry peers (20.8x), it means that investors are paying less than they should for each dollar of J18's earnings.

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Should You Be Concerned About China Jishan Holdings Limited's (SGX:J18) Investors?

In this analysis, my focus will be on developing a perspective on China Jishan Holdings Limited’s (SGX:J18) latest ownership structure, a less discussed, but important factor. … The impact of a company's ownership structure affects both its short- and long-term performance. … Insider Ownership Another important group of shareholders are company insiders.

Simply Wall St -

Top Cheap Stocks To Buy Now

Stocks recently deemed undervalued include China Jishan Holdings and Delong Holdings, as they trade at a market price below their true valuations. … China Jishan Holdings Limited (SGX:J18) China Jishan Holdings Limited, an investment holding company, operates in the textile industry in the People’s Republic of China, other Asian countries, and Europe. … China Jishan Holdings was formed in 1984 and with the stock's market cap sitting at SGD SGD43.72M, it comes under the small-cap group.

Simply Wall St -

Should You Be Tempted To Buy China Jishan Holdings Limited (SGX:J18) Because Of Its PE Ratio?

It compares a stock’s price per share to the stock’s earnings per share. … Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for J18 Price per share = CN¥0.71 Earnings per share = CN¥0.099 ∴ Price-Earnings Ratio = CN¥0.71 ÷ CN¥0.099 = 7.2x The P/E ratio itself doesn’t tell you a lot; however, it becomes very insightful when you compare it with other similar companies. … Ultimately, our goal is to compare the stock’s P/E ratio to the average of companies that have similar attributes to J18, such as company lifetime and products sold.

Simply Wall St -

How China Jishan Holdings Limited (SGX:J18) Delivered A Better ROE Than Its Industry

See our latest analysis for China Jishan Holdings Peeling the layers of ROE – trisecting a company’s profitability Return on Equity (ROE) weighs China Jishan Holdings’s profit against the level of its shareholders’ equity. … For now, let’s just look at the cost of equity number for China Jishan Holdings, which is 9.63%. … Since China Jishan Holdings’s return covers its cost in excess of 9.03%, its use of equity capital is efficient and likely to be sustainable.

Simply Wall St -

What does China Jishan Holdings Limited's (SGX:J18) Balance Sheet Tell Us Abouts Its Future?

How does J18’s operating cash flow stack up against its debt? … J18’s debt and cash flow levels indicate room for improvement. … J18’s high debt levels is not met with high cash flow coverage.

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Company Info

Description

China Jishan Holdings Limited, an investment holding company, operates in the textile industry in the People’s Republic of China. The company operates through Leasing of Property and Property Development segments. It engages in the printing and dyeing of fabrics; and sale of garments. The company is also involved in the property development and management activities for general commercial and residential buildings; and leasing of properties and equipment. The company was founded in 1984 and is based in Shaoxing, the People’s Republic of China. China Jishan Holdings Limited is a subsidiary of Jin Cheng International Holdings Limited.

Details
Name: China Jishan Holdings Limited
J18
Exchange: SGX
Founded: 1984
SGD33,165,000
301,500,000
Website: http://
Address: China Jishan Holdings Limited
Xiandai Building,
2nd Floor,
Shaoxing,
Zhejiang Province, 312000,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SGX J18 Ordinary Shares Singapore Exchange SG SGD 07. May 2004
MUN SGD Ordinary Shares Boerse Muenchen DE EUR 07. May 2004
Number of employees
Current staff
Staff numbers
0
China Jishan Holdings employees.
Industry
Textiles
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/25 13:11
End of day share price update: 2019/04/25 00:00
Last earnings filing: 2019/04/11
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.