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China Machinery Engineering

OTCPK:CMYY.Y
Snowflake Description

Very undervalued with excellent balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CMYY.Y
OTCPK
HK$17B
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

China Machinery Engineering Corporation, together with its subsidiaries, operates as an engineering contracting and services provider in Asia, South America, North America, Africa, and Europe. The last earnings update was 141 days ago. More info.


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CMYY.Y Share Price and Events
7 Day Returns
2.9%
OTCPK:CMYY.Y
1.2%
US Construction
0.5%
US Market
1 Year Returns
-
OTCPK:CMYY.Y
-10.8%
US Construction
2%
US Market
CMYY.Y Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
China Machinery Engineering (CMYY.Y) 2.9% 9.3% 7.1% - - -
US Construction 1.2% 4.5% -8.4% -10.8% 40.9% -4.6%
US Market 0.5% 6.3% 1.9% 2% 45.1% 40.5%
1 Year Return vs Industry and Market
  • No trading data on CMYY.Y.
  • No trading data on CMYY.Y.
Price Volatility
CMYY.Y
Industry
5yr Volatility vs Market
Related Companies

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

CMYY.Y Value

 Is China Machinery Engineering 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 Machinery Engineering 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 Machinery Engineering.

OTCPK:CMYY.Y Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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 OTCPK:CMYY.Y
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 7.3%
Construction Unlevered Beta Simply Wall St/ S&P Global 1.08
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.077 (1 + (1- 25%) (8.32%))
1.144
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.14
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.144 * 7.27%)
11.05%

Discounted Cash Flow Calculation for OTCPK:CMYY.Y using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for China Machinery Engineering is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:CMYY.Y DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (CNY, Millions) 6,524.00 5,350.00 5,453.80 5,559.62 5,667.49
Source Analyst x1 Analyst x1 Est @ 1.94% Est @ 1.94% Est @ 1.94%
Present Value
Discounted (@ 11.05%)
5,875.02 4,338.54 3,982.76 3,656.16 3,356.34
Present value of next 5 years cash flows CN¥21,208.82
OTCPK:CMYY.Y DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= CN¥5,667.49 × (1 + 2.73%) ÷ (11.05% – 2.73%)
CN¥70,007.81
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= CN¥70,007.81 ÷ (1 + 11.05%)5
CN¥41,459.27
OTCPK:CMYY.Y Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= CN¥21,208.82 + CN¥41,459.27
CN¥62,668.10
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥62,668.10 / 4,125.70
CN¥15.19
OTCPK:CMYY.Y Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:1829)
1.161
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥15.19 x 1.161
HK$17.63
Non-primary Listing Adjustment Factor 1 share in OTCPK:CMYY.Y represents 2.61138x of SEHK:1829
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
2.61138x
Value per Share
(Listing Adjusted, USD)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 17.63 x 2.61138
$46.04
Value per share (USD) From above. $46.04
Current discount Discount to share price of $10.55
= -1 x ($10.55 - $46.04) / $46.04
77.1%

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

Current Discount
Amount off the current price China Machinery Engineering is available for.
Intrinsic value
>50%
Share price is $10.55 vs Future cash flow value of $46.04
Current Discount Checks
For China Machinery Engineering to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • China Machinery Engineering's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • China Machinery Engineering'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 Machinery Engineering's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are China Machinery Engineering's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:CMYY.Y PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in CNY CN¥0.47
SEHK:1829 Share Price ** SEHK (2019-02-13) in HKD HK$4.04
SEHK:1829 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.862 CN¥3.48
United States of America Construction Industry PE Ratio Median Figure of 28 Publicly-Listed Construction Companies 15.65x
United States of America Market PE Ratio Median Figure of 3,046 Publicly-Listed Companies 16.95x

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

** Primary Listing of China Machinery Engineering.

OTCPK:CMYY.Y PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1829 Share Price ÷ EPS (both in CNY)

= 3.48 ÷ 0.47

7.34x

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

  • China Machinery Engineering is good value based on earnings compared to the US Construction industry average.
  • China Machinery Engineering is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does China Machinery Engineering's expected growth come at a high price?
Raw Data
OTCPK:CMYY.Y PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.34x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
8.2%per year
United States of America Construction Industry PEG Ratio Median Figure of 23 Publicly-Listed Construction Companies 0.94x
United States of America Market PEG Ratio Median Figure of 2,117 Publicly-Listed Companies 1.36x

*Line of best fit is calculated by linear regression .

OTCPK:CMYY.Y PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 7.34x ÷ 8.2%

0.89x

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

  • China Machinery Engineering is good value based on expected growth next year.
Price based on value of assets
What value do investors place on China Machinery Engineering's assets?
Raw Data
OTCPK:CMYY.Y PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in CNY CN¥3.70
SEHK:1829 Share Price * SEHK (2019-02-13) in HKD HK$4.04
SEHK:1829 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.862 CN¥3.48
United States of America Construction Industry PB Ratio Median Figure of 35 Publicly-Listed Construction Companies 1.73x
United States of America Market PB Ratio Median Figure of 5,122 Publicly-Listed Companies 1.81x
OTCPK:CMYY.Y PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1829 Share Price ÷ Book Value per Share (both in CNY)

= 3.48 ÷ 3.70

0.94x

* Primary Listing of China Machinery Engineering.

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

  • China Machinery Engineering is good value based on assets compared to the US Construction industry average.
X
Value checks
We assess China Machinery Engineering'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 Construction 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 Construction industry average (and greater than 0)? (1 check)
  5. China Machinery Engineering has a total score of 6/6, 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.

CMYY.Y Future Performance

 How is China Machinery Engineering expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

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
8.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is China Machinery Engineering expected to grow at an attractive rate?
  • China Machinery Engineering's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • China Machinery Engineering's earnings growth is positive but not above the United States of America market average.
  • China Machinery Engineering's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:CMYY.Y Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:CMYY.Y Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 8.2%
OTCPK:CMYY.Y Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 9.3%
United States of America Construction Industry Earnings Growth Rate Market Cap Weighted Average 25.4%
United States of America Construction Industry Revenue Growth Rate Market Cap Weighted Average 5.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

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

Analysts growth expectations
Raw Data
OTCPK:CMYY.Y Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:CMYY.Y Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 32,850 3,845 2,625 4
2019-12-31 30,499 3,862 2,499 4
2018-12-31 28,070 9,312 2,348 4
OTCPK:CMYY.Y Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-06-30 24,582 1,134 1,955
2018-03-31 24,132 914 1,833
2017-12-31 23,682 694 1,711
2017-09-30 24,614 731 1,852
2017-06-30 23,772 1,570 1,955
2017-03-31 22,395 1,873 2,031
2016-12-31 21,017 2,177 2,107
2016-09-30 21,666 1,894 2,087
2016-06-30 22,315 1,612 2,068
2016-03-31 23,185 2,563 2,136
2015-12-31 24,056 3,513 2,205
2015-09-30 23,424 5,167 2,087

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • China Machinery Engineering's earnings are expected to grow by 8.2% yearly, however this is not considered high growth (20% yearly).
  • China Machinery Engineering's revenue is expected to grow by 9.3% yearly, however this is not considered high growth (20% yearly).
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
OTCPK:CMYY.Y Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from China Machinery Engineering Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:CMYY.Y Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.64 0.67 0.59 3.00
2019-12-31 0.61 0.63 0.56 3.00
2018-12-31 0.57 0.67 0.51 3.00
OTCPK:CMYY.Y Past Financials Data
Date (Data in CNY Millions) EPS *
2018-06-30 0.47
2018-03-31 0.44
2017-12-31 0.41
2017-09-30 0.45
2017-06-30 0.47
2017-03-31 0.49
2016-12-31 0.51
2016-09-30 0.51
2016-06-30 0.50
2016-03-31 0.52
2015-12-31 0.53
2015-09-30 0.51

*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.
  • China Machinery Engineering is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess China Machinery Engineering'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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 Machinery Engineering 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.

CMYY.Y Past Performance

  How has China Machinery Engineering 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 Machinery Engineering's growth in the last year to its industry (Construction).
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 Machinery Engineering's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • China Machinery Engineering's 1-year earnings growth exceeds its 5-year average (0% vs -1.1%)
  • China Machinery Engineering's earnings growth has not exceeded the US Construction industry average in the past year (0% vs 30.7%).
Earnings and Revenue History
China Machinery Engineering'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 Machinery Engineering Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:CMYY.Y Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 24,581.90 1,955.14 1,952.07
2018-03-31 24,132.04 1,833.17 1,910.23
2017-12-31 23,682.18 1,711.20 1,868.39
2017-09-30 24,614.14 1,852.12 2,033.28
2017-06-30 23,772.27 1,954.58 2,018.75
2017-03-31 22,394.75 2,030.55 1,930.12
2016-12-31 21,017.24 2,106.52 1,841.48
2016-09-30 21,665.96 2,087.29 1,855.19
2016-06-30 22,314.68 2,068.06 1,868.91
2016-03-31 23,185.47 2,136.42 1,875.08
2015-12-31 24,056.27 2,204.78 1,881.26
2015-09-30 23,424.03 2,086.85 1,742.58
2015-06-30 22,791.80 1,968.92 1,603.90
2015-03-31 23,269.20 2,044.20 1,654.71
2014-12-31 23,746.60 2,119.47 1,705.52
2014-09-30 22,917.69 2,082.82 1,745.95
2014-06-30 22,088.79 2,046.17 1,786.39
2014-03-31 21,757.53 2,002.71 1,757.29
2013-12-31 21,426.27 1,959.26 1,728.20
2013-09-30 21,397.80 1,948.45 1,681.03
2013-06-30 21,369.33 1,937.64 1,633.86
2013-03-31 21,332.70 1,932.66 1,606.44
2012-12-31 21,296.06 1,927.69 1,579.01
2012-09-30 21,164.61 1,875.58 1,557.67
2012-06-30 21,033.15 1,823.48 1,536.32
2012-03-31 20,775.46 1,649.18 1,468.51

*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 Machinery Engineering has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • China Machinery Engineering used its assets less efficiently than the US Construction industry average last year based on Return on Assets.
  • China Machinery Engineering has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess China Machinery Engineering'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 Construction 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 Machinery Engineering 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.

CMYY.Y Health

 How is China Machinery Engineering'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 Machinery Engineering's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • China Machinery Engineering is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • China Machinery Engineering's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of China Machinery Engineering'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 40.2x 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 Machinery Engineering Company Filings, last reported 7 months ago.

OTCPK:CMYY.Y Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 15,342.98 1,195.34 26,692.48
2018-03-31 15,342.98 1,195.34 26,692.48
2017-12-31 16,205.47 916.37 23,498.81
2017-09-30 16,205.47 916.37 23,498.81
2017-06-30 15,144.66 985.87 24,915.86
2017-03-31 15,144.66 985.87 24,915.86
2016-12-31 15,375.55 1,046.42 25,483.87
2016-09-30 15,375.55 1,046.42 25,483.87
2016-06-30 13,990.70 643.99 24,118.63
2016-03-31 13,990.70 643.99 24,118.63
2015-12-31 14,546.44 940.23 25,067.99
2015-09-30 14,546.44 940.23 25,067.99
2015-06-30 13,052.90 501.24 23,939.28
2015-03-31 13,052.90 501.24 23,939.28
2014-12-31 13,162.53 565.53 22,156.50
2014-09-30 13,162.53 565.53 22,156.50
2014-06-30 12,049.77 298.83 18,108.99
2014-03-31 12,049.77 298.83 18,108.99
2013-12-31 11,756.06 313.94 18,172.50
2013-09-30 11,756.06 313.94 18,172.50
2013-06-30 10,695.66 244.12 18,634.29
2013-03-31 10,695.66 244.12 18,634.29
2012-12-31 9,917.42 288.54 18,561.47
2012-09-30 9,917.42 288.54 18,561.47
2012-06-30 6,010.13 288.20 14,801.90
2012-03-31 6,010.13 288.20 14,801.90
  • China Machinery Engineering's level of debt (7.8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (2.3% vs 7.8% today).
  • Debt is well covered by operating cash flow (94.9%, greater than 20% of total debt).
  • China Machinery Engineering earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess China Machinery Engineering'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 Machinery Engineering 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.

CMYY.Y Dividends

 What is China Machinery Engineering'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
4.77%
Current annual income from China Machinery Engineering dividends. Estimated to be 7.39% next year.
If you bought $2,000 of China Machinery Engineering shares you are expected to receive $95 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?
  • China Machinery Engineering's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
  • China Machinery Engineering's dividend is above the markets top 25% of dividend payers in United States of America (3.62%).
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
OTCPK:CMYY.Y 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 4 Analyst Estimates (S&P Global) See Below
United States of America Construction Industry Average Dividend Yield Market Cap Weighted Average of 11 Stocks 1.2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1997 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

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

OTCPK:CMYY.Y Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.26 5.00
2019-12-31 0.25 6.00
2018-12-31 0.22 6.00
OTCPK:CMYY.Y Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2018-06-25 0.166 5.005
2017-05-11 0.204 4.981
2016-07-04 0.199 4.517
2015-04-28 0.203 3.984
2015-03-30 0.203 2.624
2014-06-26 0.190 4.563
2013-06-17 0.164 4.064

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

  • Whilst dividend payments have been stable, China Machinery Engineering has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but China Machinery Engineering only paid a dividend in the past 6 years.
Current Payout to shareholders
What portion of China Machinery Engineering's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.4x coverage).
X
Income/ dividend checks
We assess China Machinery Engineering's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Machinery Engineering afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. China Machinery Engineering has a total score of 4/6, see the detailed checks below.


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

CMYY.Y Management

 What is the CEO of China Machinery Engineering'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.
  • China Machinery Engineering has no CEO, or we have no data on them.
Management Team Tenure

Average tenure and age of the China Machinery Engineering management team in years:

1
Average Tenure
50
Average Age
  • The average tenure for the China Machinery Engineering management team is less than 2 years, this suggests a new team.
Management Team

Chun Zhang

TITLE
Executive Chairman
COMPENSATION
CN¥2M
AGE
50

Xiaojun Han

TITLE
President & Executive Director
AGE
49
TENURE
0.2 yrs

Weiling Wang

TITLE
CFO, Joint Company Secretary & GM of General Department of Finance
AGE
52
TENURE
1 yrs

Seaman Kwok

TITLE
Joint Company Secretary
AGE
59
TENURE
1 yrs

Ting LIU

TITLE
Deputy GM of the Audit Department & Supervisor
AGE
36
Board of Directors Tenure

Average tenure and age of the China Machinery Engineering board of directors in years:

5
Average Tenure
54
Average Age
  • The tenure for the China Machinery Engineering board of directors is about average.
Board of Directors

Chun Zhang

TITLE
Executive Chairman
COMPENSATION
CN¥2M
AGE
50
TENURE
1.1 yrs

Xiaojun Han

TITLE
President & Executive Director
AGE
49
TENURE
0.9 yrs

Ting LIU

TITLE
Deputy GM of the Audit Department & Supervisor
AGE
36
TENURE
1.1 yrs

Li Liu

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥220K
AGE
63
TENURE
8.1 yrs

Yongzhong Fang

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥220K
AGE
67
TENURE
7.6 yrs

Huaqiang Quan

TITLE
Chairman of Supervisory Board
AGE
48

Benli Yu

TITLE
Non Executive Director
COMPENSATION
CN¥104K
AGE
64
TENURE
5 yrs

Hong Liu

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥220K
AGE
55
TENURE
8.1 yrs

Fusheng Zhang

TITLE
Non Executive Director
COMPENSATION
CN¥105K
AGE
65
TENURE
5 yrs

Bernard Wu

TITLE
Independent Non Executive Director
COMPENSATION
CN¥220K
AGE
53
TENURE
5 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 ($) Value ($)
X
Management checks
We assess China Machinery Engineering'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 Machinery Engineering 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.

CMYY.Y News

Simply Wall St News

CMYY.Y Company Info

Map
Description

China Machinery Engineering Corporation, together with its subsidiaries, operates as an engineering contracting and services provider in Asia, South America, North America, Africa, and Europe. It operates through three segments: Construction Contracts, Trading Business, and Services Business. The Construction Contracts segment undertakes engineering, procurement, and construction contracts for various infrastructure-related construction, including hydropower, thermal power, and other engineering contracting projects, as well as transportation, telecommunication, water supply and treatment, building and construction, manufacturing and processing plant, and mining and resources exploitation projects. The Trading Business segment imports and exports various machinery, electrical, and instrumental products for domestic and overseas customers, such as mining equipment, ship components, automobile parts, medical instruments, household appliances, electricity meters, manufacturing machineries, and construction materials. The Services Business segment provides export-import agency, exhibition, design consulting, tendering agency, logistics, and other services. The company is also involved in the provision of trading and security investment, storage and property, property management and rental, construction and construction contracts tendering, transportation agency, construction research and design, and legal consultancy, as well as engineering design, contracting, and supervision services. The company was founded in 1978 and is headquartered in Beijing, the People’s Republic of China. China Machinery Engineering Corporation is a subsidiary of China National Machinery Industry Corporation.

Details
Name: China Machinery Engineering Corporation
CMYY.Y
Exchange: OTCPK
Founded: 1978
HK$2,123,695,993
4,125,700,000
Website: http://www.cmec.com
Address: China Machinery Engineering Corporation
CMEC Mansion,
No.178, Guanganmenwai Street,
Beijing,
100055,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1829 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong Ltd. HK HKD 21. Dec 2012
DB C3M Foreign Shares-Foreign Listed Deutsche Boerse AG DE EUR 21. Dec 2012
SZSC 1829 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 21. Dec 2012
OTCPK CMYY.Y UNSPONSORD ADR Pink Sheets LLC US USD 03. Apr 2018
Number of employees
Current staff
Staff numbers
4,829
China Machinery Engineering employees.
Industry
Construction and Engineering
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/14 01:21
End of day share price update: 2019/02/13 00:00
Last estimates confirmation: 2019/01/14
Last earnings filing: 2018/09/26
Last earnings reported: 2018/06/30
Last annual earnings reported: 2017/12/31


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.