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Kingold Jewelry

Nasdaq:KGJI
Snowflake Description

Undervalued with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KGJI
Nasdaq
$54M
Market Cap
  1. Home
  2. US
  3. Consumer Durables
Company description

Kingold Jewelry, Inc. designs, manufactures, and sells 24-karat gold jewelry and Chinese ornaments in the People’s Republic of China. The last earnings update was 44 days ago. More info.


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KGJI Share Price and Events
7 Day Returns
-3%
NasdaqCM:KGJI
-4%
US Luxury
-3.9%
US Market
1 Year Returns
-42.4%
NasdaqCM:KGJI
10.3%
US Luxury
1.4%
US Market
KGJI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Kingold Jewelry (KGJI) -3% -8.4% 8.3% -42.4% -47.5% -38.5%
US Luxury -4% -5.5% -2.9% 10.3% 30.1% 42.9%
US Market -3.9% -3.6% 1.8% 1.4% 35.8% 40.8%
1 Year Return vs Industry and Market
  • KGJI underperformed the Luxury industry which returned 10.3% over the past year.
  • KGJI underperformed the Market in United States of America which returned 1.4% over the past year.
Price Volatility
KGJI
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Kingold Jewelry's competitors could be found in our database.

KGJI Value

 Is Kingold Jewelry 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 Kingold Jewelry 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 Kingold Jewelry.

NasdaqCM:KGJI 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 14.7%
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 NasdaqCM:KGJI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.69
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.69 (1 + (1- 25%) (3664.28%))
13.5
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (2 * 5.96%)
14.65%

Discounted Cash Flow Calculation for NasdaqCM:KGJI using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Kingold Jewelry 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.

NasdaqCM:KGJI DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 14.65%)
2019 707.06 Est @ 98.42% 616.71
2020 1,199.98 Est @ 69.72% 912.91
2021 1,795.40 Est @ 49.62% 1,191.35
2022 2,433.72 Est @ 35.55% 1,408.56
2023 3,059.33 Est @ 25.71% 1,544.39
2024 3,634.88 Est @ 18.81% 1,600.46
2025 4,143.34 Est @ 13.99% 1,591.23
2026 4,582.98 Est @ 10.61% 1,535.17
2027 4,960.91 Est @ 8.25% 1,449.42
2028 5,287.91 Est @ 6.59% 1,347.55
Present value of next 10 years cash flows $13,197.73
NasdaqCM:KGJI DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $5,287.91 × (1 + 2.73%) ÷ (14.65% – 2.73%)
$45,572.76
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $45,572.76 ÷ (1 + 14.65%)10
$11,613.54
NasdaqCM:KGJI Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $13,197.73 + $11,613.54
$24,811.28
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $24,811.28 / 66.11
$375.28
NasdaqCM:KGJI Discount to Share Price
Calculation Result
Value per share (USD) From above. $375.28
Current discount Discount to share price of $0.82
= -1 x ($0.82 - $375.28) / $375.28
99.8%

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

Current Discount
Amount off the current price Kingold Jewelry is available for.
Intrinsic value
>50%
Share price is $0.82 vs Future cash flow value of $375.28
Current Discount Checks
For Kingold Jewelry to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Kingold Jewelry's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Kingold Jewelry'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 Kingold Jewelry's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Kingold Jewelry's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqCM:KGJI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.75
NasdaqCM:KGJI Share Price ** NasdaqCM (2019-05-15) in USD $0.82
United States of America Luxury Industry PE Ratio Median Figure of 38 Publicly-Listed Luxury Companies 16.42x
United States of America Market PE Ratio Median Figure of 3,087 Publicly-Listed Companies 17.79x

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

** Primary Listing of Kingold Jewelry.

NasdaqCM:KGJI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:KGJI Share Price ÷ EPS (both in USD)

= 0.82 ÷ 0.75

1.1x

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

  • Kingold Jewelry is good value based on earnings compared to the US Luxury industry average.
  • Kingold Jewelry is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Kingold Jewelry's expected growth come at a high price?
Raw Data
NasdaqCM:KGJI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 1.1x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
13.7%per year
United States of America Luxury Industry PEG Ratio Median Figure of 28 Publicly-Listed Luxury Companies 1.54x
United States of America Market PEG Ratio Median Figure of 2,113 Publicly-Listed Companies 1.52x

*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 Kingold Jewelry, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Kingold Jewelry's assets?
Raw Data
NasdaqCM:KGJI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $9.66
NasdaqCM:KGJI Share Price * NasdaqCM (2019-05-15) in USD $0.82
United States of America Luxury Industry PB Ratio Median Figure of 47 Publicly-Listed Luxury Companies 1.48x
United States of America Market PB Ratio Median Figure of 5,195 Publicly-Listed Companies 1.83x
NasdaqCM:KGJI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:KGJI Share Price ÷ Book Value per Share (both in USD)

= 0.82 ÷ 9.66

0.09x

* Primary Listing of Kingold Jewelry.

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

  • Kingold Jewelry is good value based on assets compared to the US Luxury industry average.
X
Value checks
We assess Kingold Jewelry'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. Kingold Jewelry has a total score of 5/6, 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.

KGJI Future Performance

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

  • No analysts cover Kingold Jewelry, 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
13.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Kingold Jewelry expected to grow at an attractive rate?
  • Kingold Jewelry's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Kingold Jewelry's earnings growth is positive but not above the United States of America market average.
  • Unable to compare Kingold Jewelry's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqCM:KGJI Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqCM:KGJI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 13.7%
United States of America Luxury Industry Earnings Growth Rate Market Cap Weighted Average 13.2%
United States of America Luxury Industry Revenue Growth Rate Market Cap Weighted Average 6.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*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
NasdaqCM:KGJI 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 USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqCM:KGJI Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 2,476 366 50
2018-09-30 2,502 581 51
2018-06-30 2,460 678 66
2018-03-31 2,257 240 61
2017-12-31 2,010 -26 26
2017-09-30 1,710 -439 58
2017-06-30 1,516 -516 45
2017-03-31 1,431 -277 56
2016-12-31 1,421 -74 93
2016-09-30 1,344 190 57
2016-06-30 1,217 147 49
2016-03-31 1,076 76 30

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Kingold Jewelry's earnings are expected to grow by 13.7% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Kingold Jewelry 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
NasdaqCM:KGJI 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 Kingold Jewelry Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:KGJI Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.75
2018-09-30 0.76
2018-06-30 1.00
2018-03-31 0.92
2017-12-31 0.40
2017-09-30 0.87
2017-06-30 0.67
2017-03-31 0.85
2016-12-31 1.41
2016-09-30 0.86
2016-06-30 0.75
2016-03-31 0.46

*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 Kingold Jewelry will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Kingold Jewelry'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.
Kingold Jewelry has a total score of 1/6, 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.

KGJI Past Performance

  How has Kingold Jewelry 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 Kingold Jewelry'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.
  • Kingold Jewelry's year on year earnings growth rate has been positive over the past 5 years.
  • Kingold Jewelry's 1-year earnings growth exceeds its 5-year average (89.2% vs 9.4%)
  • Kingold Jewelry's earnings growth has exceeded the US Luxury industry average in the past year (89.2% vs 56.5%).
Earnings and Revenue History
Kingold Jewelry'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 Kingold Jewelry Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:KGJI Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 2,475.67 49.55 11.59
2018-09-30 2,501.56 50.52 10.52
2018-06-30 2,459.90 66.26 11.81
2018-03-31 2,256.99 60.73 12.32
2017-12-31 2,009.73 26.19 13.48
2017-09-30 1,710.30 57.67 14.71
2017-06-30 1,516.33 44.55 12.97
2017-03-31 1,430.70 56.41 13.08
2016-12-31 1,420.62 92.91 12.23
2016-09-30 1,343.78 56.60 8.76
2016-06-30 1,216.99 49.50 10.06
2016-03-31 1,076.15 30.18 9.17
2015-12-31 1,000.16 21.56 8.22
2015-09-30 928.71 24.01 10.89
2015-06-30 915.96 20.48 9.85
2015-03-31 1,006.30 36.72 9.21
2014-12-31 1,107.56 47.33 10.49
2014-09-30 1,215.80 47.23 9.18
2014-06-30 1,248.68 52.99 8.38
2014-03-31 1,275.96 42.50 8.10
2013-12-31 1,189.92 28.34 6.29
2013-09-30 1,073.78 27.76 5.80
2013-06-30 1,010.73 25.13 5.42
2013-03-31 912.17 28.39 5.70
2012-12-31 915.73 32.67 5.74
2012-09-30 882.73 28.44 6.15
2012-06-30 872.60 29.38 5.87

*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.
  • Kingold Jewelry has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Kingold Jewelry used its assets more efficiently than the US Luxury industry average last year based on Return on Assets.
  • Kingold Jewelry has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Kingold Jewelry'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.
Kingold Jewelry has a total score of 5/6, 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.

KGJI Health

 How is Kingold Jewelry'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 Kingold Jewelry's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Kingold Jewelry is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Kingold Jewelry's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Kingold Jewelry'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 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 Kingold Jewelry Company Filings, last reported 4 months ago.

NasdaqCM:KGJI Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 638.33 1,996.45 0.23
2018-09-30 354.31 2,072.15 13.25
2018-06-30 373.07 2,156.34 0.24
2018-03-31 398.67 2,509.87 1.00
2017-12-31 390.23 2,626.74 5.00
2017-09-30 387.10 2,489.96 1.00
2017-06-30 326.46 2,495.94 9.18
2017-03-31 360.68 2,455.97 9.43
2016-12-31 282.49 1,949.04 303.23
2016-09-30 367.37 1,280.61 129.65
2016-06-30 362.65 865.82 37.50
2016-03-31 300.46 405.45 76.89
2015-12-31 265.66 147.94 3.10
2015-09-30 265.75 147.76 29.61
2015-06-30 267.37 107.69 1.50
2015-03-31 266.13 114.34 70.46
2014-12-31 258.24 48.79 1.33
2014-09-30 249.66 48.72 6.55
2014-06-30 244.15 53.17 6.81
2014-03-31 230.99 71.45 7.51
2013-12-31 214.90 78.58 2.28
2013-09-30 204.83 8.24 23.32
2013-06-30 192.18 6.83 5.69
2013-03-31 178.31 6.67 20.27
2012-12-31 161.54 6.55 2.54
2012-09-30 154.06 6.36 1.63
2012-06-30 143.62 6.29 3.75
  • Kingold Jewelry's level of debt (312.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (36.5% vs 312.8% today).
  • Debt is not well covered by operating cash flow (18.3%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.5x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Kingold Jewelry'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. Kingold Jewelry has a total score of 2/6, 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.

KGJI Dividends

 What is Kingold Jewelry'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 Kingold Jewelry dividends.
If you bought $2,000 of Kingold Jewelry shares you are expected to receive $0 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 Kingold Jewelry's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Kingold Jewelry'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
NasdaqCM:KGJI 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
United States of America Luxury Industry Average Dividend Yield Market Cap Weighted Average of 18 Stocks 1.5%
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 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

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

  • Unable to perform a dividend volatility check as Kingold Jewelry has not reported any payouts.
  • Unable to verify if Kingold Jewelry's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Kingold Jewelry's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Kingold Jewelry 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 Kingold Jewelry'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 Kingold Jewelry afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Kingold Jewelry 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.

KGJI Management

 What is the CEO of Kingold Jewelry'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
Zhihong Jia
COMPENSATION $175,000
AGE 56
TENURE AS CEO 9.4 years
CEO Bio

Mr. Zhi Hong Jia Founded Kingold Jewelry, Inc. in December 2009 and has been its Chief Executive Officer since December 2009. He also serves as President of Kingold Jewelry, Inc. Mr. Jia has been the Chairman of Kingold Jewelry, Inc., since 2002. He co-founded Wuhan Kingold Jewelry Co. Ltd. He has served as the chairman of the board of Wuhan Kingold Jewelry Co. Ltd. He served in the rear supply service department of the People's Liberation Army in Guangzhou and Wuhan and was responsible for managing gold mines owned by the Army. Upon retirement from the Army he, decided to operate a private business in the gold jewelry industry and became the founder and first general manager of Wuhan Kingold. He serves as a Director of Wuhan Kingold Jewelry Co. Ltd. Mr. Jia graduated from Wuhan University in 2004 with a graduate EMBA certificate.

CEO Compensation
  • Zhihong's compensation has been consistent with company performance over the past year.
  • Zhihong's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Kingold Jewelry management team in years:

9.1
Average Tenure
47
Average Age
  • The average tenure for the Kingold Jewelry management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Zhihong Jia

TITLE
Founder
COMPENSATION
$175K
AGE
56
TENURE
9.4 yrs

Jun Wang

TITLE
GM & Director
AGE
44
TENURE
5 yrs

Bin Liu

TITLE
CFO & Secretary
COMPENSATION
$135K
AGE
47
TENURE
9.1 yrs
Board of Directors Tenure

Average tenure and age of the Kingold Jewelry board of directors in years:

4.9
Average Tenure
46
Average Age
  • The tenure for the Kingold Jewelry board of directors is about average.
Board of Directors

Zhihong Jia

TITLE
Founder
COMPENSATION
$175K
AGE
56
TENURE
9.4 yrs

Jun Wang

TITLE
GM & Director
AGE
44
TENURE
4.9 yrs

Guang Chen

TITLE
Independent Director
COMPENSATION
$18K
AGE
39
TENURE
4.9 yrs

Alice Wu

TITLE
Independent Director
COMPENSATION
$48K
AGE
46
TENURE
3 yrs

Zhiyong Xia

TITLE
Independent Director
AGE
49
TENURE
2.8 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 Kingold Jewelry'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. Kingold Jewelry 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.

KGJI News

Simply Wall St News

Investors Who Bought Kingold Jewelry Shares Five Years Ago Are Now Down 49%

One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … While the share price declined over five years, Kingold Jewelry actually managed to increase EPS by an average of 11% per year. … Because of the sharp contrast between the EPS growth rate and the share price growth, we're inclined to look to other metrics to understand the changing market sentiment around the stock.

Simply Wall St -

What Kind Of Shareholder Owns Most Kingold Jewelry, Inc. (NASDAQ:KGJI) Stock?

Generally speaking, as a company grows, institutions will increase their ownership. … Kingold Jewelry is not a large company by global standards. … Our analysis of the ownership of the company, below, shows that.

Simply Wall St -

Should You Worry About Kingold Jewelry Inc's (NASDAQ:KGJI) CEO Pay Check?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Zhihong Jia's Compensation Compare With Similar Sized Companies. … Our data indicates that Kingold Jewelry Inc is worth US$60m, and total annual CEO compensation is US$175k.

Simply Wall St -

Who Really Owns Kingold Jewelry Inc (NASDAQ:KGJI)?

In this article, I will take a quick look at Kingold Jewelry Inc’s (NASDAQ:KGJI) recent ownership structure – an unconventional investing subject, but an important one. … The impact of a company's ownership structure affects both its short- and long-term performance. … NasdaqCM:KGJI Ownership Summary August 8th 18

Simply Wall St -

Should You Buy Kingold Jewelry Inc (NASDAQ:KGJI) 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 Kingold Jewelry Inc (NASDAQ:KGJI)’s fundamentals and stock market performance. … While KGJI might seem like an attractive stock to buy, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions

Simply Wall St -

Does Kingold Jewelry Inc's (NASDAQ:KGJI) Past Performance Indicate A Stronger Future?

When Kingold Jewelry Inc (NASDAQ:KGJI) announced its most recent earnings (31 March 2018), I compared it against two factor: its historical earnings track record, and the performance of its industry peers on average. … How KGJI fared against its long-term earnings performance and its industry. … However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 11.61%, indicating the rate at which KGJI is growing has slowed down

Simply Wall St -

How Financially Strong Is Kingold Jewelry Inc (NASDAQ:KGJI)?

Moving onto cash from operations, its small level of operating cash flow means calculating cash-to-debt wouldn't be too useful, though these low levels of cash means that operational efficiency is worth a look. … Looking at KGJI’s most recent US$1.29B liabilities, the company has maintained a safe level of current assets to meet its obligations, with the current ratio last standing at 1.59x. … In KGJI's, case, the ratio of 1.49x suggests that interest is not strongly covered, which means that debtors may be less inclined to loan the company more money, reducing its headroom for growth through debt.Next Steps: KGJI’s cash flow coverage indicates it could improve its operating efficiency in order to meet demand for debt repayments should unforeseen events arise.

Simply Wall St -

What You Must Know About Kingold Jewelry Inc's (NASDAQ:KGJI) 6.71% ROE

Kingold Jewelry Inc’s (NASDAQ:KGJI) most recent return on equity was a substandard 6.71% relative to its industry performance of 11.76% over the past year. … Check out our latest analysis for Kingold Jewelry Breaking down ROE — the mother of all ratios Return on Equity (ROE) is a measure of Kingold Jewelry’s profit relative to its shareholders’ equity. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity NasdaqCM:KGJI Last Perf May 8th 18 Basically, profit margin measures how much of revenue trickles down into earnings which illustrates how efficient the business is with its cost management.

Simply Wall St -

Why Kingold Jewelry Inc's (NASDAQ:KGJI) CEO Salary Matters To You

Therefore I will use earnings as a proxy of Jia's performance in the past year. … In the past year, KGJI produced an earnings of US$26.19M , which is a rather significant decline from its prior year’s profit (excluding extraordinary items) of US$92.91M. … Allowing for KGJI's size and performance, in terms of market cap and earnings, it appears that Jia is paid lower than other similar US CEOs in the small-cap industry.

Simply Wall St -

Who Owns Kingold Jewelry Inc (NASDAQ:KGJI)?

See our latest analysis for Kingold Jewelry NasdaqCM:KGJI Ownership_summary Apr 13th 18 Institutional Ownership Institutional investors transact in large blocks which can influence the momentum of stock prices, at least in the short-term, especially when there is a low level of public shares available on the market to trade. … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions. … Thus, potential investors should look into these business relations and check how it can impact long-term shareholder returns.Next Steps: Institutional ownership level and composition in KGJI is not high nor active enough to significantly impact its investment thesis.

Simply Wall St -

KGJI Company Info

Description

Kingold Jewelry, Inc. designs, manufactures, and sells 24-karat gold jewelry and Chinese ornaments in the People’s Republic of China. It offers a range of in-house designed products, including gold necklaces, rings, earrings, bracelets, and pendants. The company sells its products to wholesalers and retailers under the Kingold brand. Kingold Jewelry, Inc. was founded in 2002 and is based in Wuhan, the People’s Republic of China.

Details
Name: Kingold Jewelry, Inc.
KGJI
Exchange: NasdaqCM
Founded: 2002
$54,484,136
66,113,502
Website: http://www.kingoldjewelry.com
Address: Kingold Jewelry, Inc.
No. 8 Han Huang Road,
Jiang’an District,
Wuhan,
Hubei Province, 430023,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM KGJI Common Stock Nasdaq Capital Market US USD 23. Dec 2009
DB 7KJ Common Stock Deutsche Boerse AG DE EUR 23. Dec 2009
Number of employees
Current staff
Staff numbers
630
Kingold Jewelry employees.
Industry
Apparel, Accessories and Luxury Goods
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/16 02:13
End of day share price update: 2019/05/15 00:00
Last earnings filing: 2019/04/02
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.