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China Travel International Investment Hong Kong

OTCPK:CTVI.F
Snowflake Description

Flawless balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CTVI.F
OTCPK
HK$7B
Market Cap
  1. Home
  2. US
  3. Consumer Services
Company description

China Travel International Investment Hong Kong Limited, an investment holding company, provides travel and tourism services. The last earnings update was 114 days ago. More info.


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  • China Travel International Investment Hong Kong has significant price volatility in the past 3 months.
CTVI.F Share Price and Events
7 Day Returns
-9.3%
OTCPK:CTVI.F
-2.1%
US Hospitality
-1%
US Market
1 Year Returns
-
OTCPK:CTVI.F
-6.5%
US Hospitality
-0.4%
US Market
CTVI.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
China Travel International Investment Hong Kong (CTVI.F) -9.3% -21.4% -17.5% - -40% -40%
US Hospitality -2.1% -5.7% -3.7% -6.5% 31.2% 16.6%
US Market -1% -3.3% 0.4% -0.4% 30.4% 37.1%
1 Year Return vs Industry and Market
  • No trading data on CTVI.F.
  • No trading data on CTVI.F.
Price Volatility
CTVI.F
Industry
5yr Volatility vs Market

CTVI.F Value

 Is China Travel International Investment Hong Kong 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 Travel International Investment Hong Kong 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 Travel International Investment Hong Kong.

OTCPK:CTVI.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2018-12-31) in HKD HK$ 0.046367142857143
Payout Ratio Company Filings (2018-12-31) 3626%
Discount Rate (Cost of Equity) See below 10.9%
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:CTVI.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6.7%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.9
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.896 (1 + (1- 25%) (4.67%))
1.223
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.22
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.223 * 6.65%)
10.86%

Discounted Cash Flow Calculation for OTCPK:CTVI.F using Dividend Discount Model Model

The calculations below outline how an intrinsic value for China Travel International Investment Hong Kong is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

OTCPK:CTVI.F Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= HK$0.05 / (10.86% - 2.73%)
HK$0.01
OTCPK:CTVI.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:CTVI.F represents 0.12891x of SEHK:308
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.12891x
Value per Share
(Listing Adjusted, USD)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 0.57 x 0.12891
$0.07
Value per share (USD) From above. $0.07
Current discount Discount to share price of $0.17
= -1 x ($0.17 - $0.07) / $0.07
-124.5%

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

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

The amount the stock market is willing to pay for China Travel International Investment Hong Kong's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are China Travel International Investment Hong Kong's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:CTVI.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in HKD HK$0.13
SEHK:308 Share Price ** SEHK (2019-08-13) in HKD HK$1.28
United States of America Hospitality Industry PE Ratio Median Figure of 72 Publicly-Listed Hospitality Companies 22.84x
United States of America Market PE Ratio Median Figure of 3,095 Publicly-Listed Companies 17.23x

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

** Primary Listing of China Travel International Investment Hong Kong.

OTCPK:CTVI.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:308 Share Price ÷ EPS (both in HKD)

= 1.28 ÷ 0.13

10.16x

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

  • China Travel International Investment Hong Kong is good value based on earnings compared to the US Hospitality industry average.
  • China Travel International Investment Hong Kong is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does China Travel International Investment Hong Kong's expected growth come at a high price?
Raw Data
OTCPK:CTVI.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.16x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
-3.1%per year
United States of America Hospitality Industry PEG Ratio Median Figure of 53 Publicly-Listed Hospitality Companies 1.63x
United States of America Market PEG Ratio Median Figure of 2,124 Publicly-Listed Companies 1.4x

*Line of best fit is calculated by linear regression .

OTCPK:CTVI.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.16x ÷ -3.1%

-3.32x

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

  • China Travel International Investment Hong Kong earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on China Travel International Investment Hong Kong's assets?
Raw Data
OTCPK:CTVI.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in HKD HK$2.94
SEHK:308 Share Price * SEHK (2019-08-13) in HKD HK$1.28
United States of America Hospitality Industry PB Ratio Median Figure of 112 Publicly-Listed Hospitality Companies 2.09x
United States of America Market PB Ratio Median Figure of 5,265 Publicly-Listed Companies 1.7x
OTCPK:CTVI.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:308 Share Price ÷ Book Value per Share (both in HKD)

= 1.28 ÷ 2.94

0.44x

* Primary Listing of China Travel International Investment Hong Kong.

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

  • China Travel International Investment Hong Kong is good value based on assets compared to the US Hospitality industry average.
X
Value checks
We assess China Travel International Investment Hong Kong'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 Hospitality 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 Hospitality industry average (and greater than 0)? (1 check)
  5. China Travel International Investment Hong Kong has a total score of 3/6, 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.

CTVI.F Future Performance

 How is China Travel International Investment Hong Kong expected to perform in the next 1 to 3 years based on estimates from 2 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
-3.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is China Travel International Investment Hong Kong expected to grow at an attractive rate?
  • China Travel International Investment Hong Kong's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • China Travel International Investment Hong Kong's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • China Travel International Investment Hong Kong's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:CTVI.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:CTVI.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts -3.1%
OTCPK:CTVI.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 5.7%
United States of America Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 18.6%
United States of America Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 7.4%
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 7.5%

*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:CTVI.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:CTVI.F Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31
2020-12-31 5,066 1,812 647 2
2019-12-31 4,859 2,425 615 2
OTCPK:CTVI.F Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-12-31 4,518 645 687
2018-09-30 4,576 920
2018-06-30 4,634 414 1,152
2018-03-31 4,772 592 1,140
2017-12-31 4,909 770 1,127
2017-06-30 4,598 1,034 501
2017-03-31 4,332 980 459
2016-12-31 4,066 927 417
2016-06-30 4,125 839 554
2016-03-31 4,260 1,020 622

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • China Travel International Investment Hong Kong's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • China Travel International Investment Hong Kong's revenue is expected to grow by 5.7% 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:CTVI.F 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 2 Analyst Estimates (S&P Global) See Below

All data from China Travel International Investment Hong Kong Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:CTVI.F Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31 0.12 0.15 0.08 2.00
2019-12-31 0.11 0.14 0.09 2.00
OTCPK:CTVI.F Past Financials Data
Date (Data in HKD Millions) EPS *
2018-12-31 0.13
2018-09-30 0.17
2018-06-30 0.21
2018-03-31 0.21
2017-12-31 0.21
2017-06-30 0.09
2017-03-31 0.08
2016-12-31 0.08
2016-06-30 0.10
2016-03-31 0.11

*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 Travel International Investment Hong Kong is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess China Travel International Investment Hong Kong'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 Travel International Investment Hong Kong has a total score of 0/6, 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.

CTVI.F Past Performance

  How has China Travel International Investment Hong Kong 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 Travel International Investment Hong Kong's growth in the last year to its industry (Hospitality).
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 Travel International Investment Hong Kong's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • China Travel International Investment Hong Kong's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • China Travel International Investment Hong Kong's 1-year earnings growth is negative, it can't be compared to the US Hospitality industry average.
Earnings and Revenue History
China Travel International Investment Hong Kong'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 Travel International Investment Hong Kong Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:CTVI.F Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 4,518.18 687.08 1,499.35
2018-09-30 4,576.29 919.77 1,498.62
2018-06-30 4,634.40 1,152.47 1,497.88
2018-03-31 4,771.62 1,139.89 1,485.15
2017-12-31 4,908.84 1,127.31 1,472.42
2017-06-30 4,598.02 500.83 1,523.92
2017-03-31 4,332.01 458.85 1,503.08
2016-12-31 4,066.00 416.87 1,482.24
2016-06-30 4,124.56 554.05 1,447.92
2016-03-31 4,259.97 621.94 1,458.36
2015-12-31 4,395.39 689.83 1,468.80
2015-09-30 4,437.84 886.11 1,456.59
2015-06-30 4,480.29 1,082.38 1,444.38
2015-03-31 4,477.71 1,268.47 1,472.04
2014-12-31 4,475.14 1,454.56 1,499.71
2014-09-30 4,444.79 1,467.99 1,516.59
2014-06-30 4,414.43 1,481.42 1,533.47
2014-03-31 4,387.18 1,316.66 1,556.66
2013-12-31 4,359.92 1,151.89 1,579.86
2013-09-30 4,466.80 1,037.04 1,616.16
2013-06-30 4,573.69 922.19 1,652.45
2013-03-31 4,621.06 862.88 1,653.46
2012-12-31 4,668.43 803.56 1,654.47
2012-09-30 4,576.11 735.68 1,669.23

*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 Travel International Investment Hong Kong has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • China Travel International Investment Hong Kong used its assets less efficiently than the US Hospitality industry average last year based on Return on Assets.
  • China Travel International Investment Hong Kong's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess China Travel International Investment Hong Kong'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 Hospitality 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 Travel International Investment Hong Kong has a total score of 0/6, 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.

CTVI.F Health

 How is China Travel International Investment Hong Kong'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 Travel International Investment Hong Kong's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • China Travel International Investment Hong Kong is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • China Travel International Investment Hong Kong's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of China Travel International Investment Hong Kong's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 20x 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 Travel International Investment Hong Kong Company Filings, last reported 7 months ago.

OTCPK:CTVI.F Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 17,112.02 326.00 3,923.30
2018-09-30 17,112.02 326.00 3,923.30
2018-06-30 17,363.19 886.24 5,760.84
2018-03-31 17,363.19 886.24 5,760.84
2017-12-31 17,393.85 181.00 5,078.91
2017-06-30 16,280.53 214.68 5,355.95
2017-03-31 16,280.53 214.68 5,355.95
2016-12-31 15,772.59 98.53 4,766.25
2016-06-30 16,147.14 937.12 5,892.31
2016-03-31 16,147.14 937.12 5,892.31
2015-12-31 16,498.83 828.33 5,752.07
2015-09-30 16,498.83 828.33 5,752.07
2015-06-30 17,175.32 1,457.05 7,232.33
2015-03-31 17,175.32 1,457.05 7,232.33
2014-12-31 16,632.78 868.22 5,162.57
2014-09-30 16,632.78 868.22 5,162.57
2014-06-30 15,841.41 2,024.35 5,029.33
2014-03-31 15,841.41 2,024.35 5,029.33
2013-12-31 15,327.28 532.37 4,443.13
2013-09-30 15,327.28 532.37 4,443.13
2013-06-30 14,560.53 1,410.21 4,258.23
2013-03-31 14,560.53 1,410.21 4,258.23
2012-12-31 14,278.43 435.42 4,269.44
2012-09-30 14,278.43 435.42 4,269.44
  • China Travel International Investment Hong Kong's level of debt (1.9%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (3.6% vs 1.9% today).
  • Debt is well covered by operating cash flow (197.8%, greater than 20% of total debt).
  • China Travel International Investment Hong Kong earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess China Travel International Investment Hong Kong'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 Travel International Investment Hong Kong has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

CTVI.F Dividends

 What is China Travel International Investment Hong Kong'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 Travel International Investment Hong Kong dividends. Estimated to be 3.62% next year.
If you bought $2,000 of China Travel International Investment Hong Kong 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 China Travel International Investment Hong Kong's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate China Travel International Investment Hong Kong'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
OTCPK:CTVI.F 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 2 Analyst Estimates (S&P Global) See Below
United States of America Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 47 Stocks 2.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2009 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 3.8%

Industry and Market average data is calculated daily.

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

OTCPK:CTVI.F Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.07 1.00
2020-12-31 0.04 3.00
2019-12-31 0.05 3.00
OTCPK:CTVI.F Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2019-04-25 0.000 0.000
2019-03-27 0.000 0.000
2018-04-25 0.085 3.391
2018-03-28 0.085 2.918
2017-09-14 0.050 1.794
2017-08-29 0.050 1.918
2017-04-19 0.040 1.781
2017-03-29 0.040 1.746
2016-08-17 0.065 2.897
2016-03-30 0.095 4.146
2015-09-04 0.100 3.410
2015-05-20 0.075 2.363
2014-08-20 0.065 2.517
2014-04-17 0.060 3.606
2013-04-09 0.050 3.252
2013-03-21 0.050 3.309
2012-03-15 0.060 3.997
2011-08-18 0.040 3.087
2011-03-30 0.010 0.673
2010-09-09 0.000 0.000
2010-08-27 0.000 0.000
2010-04-22 0.000 0.000
2010-04-08 0.000 0.000
2009-09-14 0.000 0.000
2009-04-23 0.020 1.168
2009-04-06 0.020 1.292
2008-09-09 0.050 3.980

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

  • Unable to perform a dividend volatility check as China Travel International Investment Hong Kong has not reported any payouts.
  • Unable to verify if China Travel International Investment Hong Kong's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of China Travel International Investment Hong Kong's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as China Travel International Investment Hong Kong has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.5x coverage).
X
Income/ dividend checks
We assess China Travel International Investment Hong Kong'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 Travel International Investment Hong Kong afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. China Travel International Investment Hong Kong has a total score of 1/6, see the detailed checks below.


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

CTVI.F Management

 What is the CEO of China Travel International Investment Hong Kong'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 Travel International Investment Hong Kong has no CEO, or we have no data on them.
Management Team Tenure

Average tenure and age of the China Travel International Investment Hong Kong management team in years:

0.8
Average Tenure
50.5
Average Age
  • The average tenure for the China Travel International Investment Hong Kong management team is less than 2 years, this suggests a new team.
Management Team

Zhuoyang Fu

TITLE
Chairman
COMPENSATION
HK$1M
AGE
59

Sui Lo

TITLE
Vice Chairman
COMPENSATION
HK$240K
AGE
68

Hong Jiang

TITLE
GM & Executive Director
COMPENSATION
HK$544K
AGE
49
TENURE
0.8 yrs

Xianjun Chen

TITLE
Executive Director
COMPENSATION
HK$240K
AGE
50

Cheng You

TITLE
Executive Director
COMPENSATION
HK$926K
AGE
44

Hao Yang

TITLE
Executive Director
COMPENSATION
HK$12K
AGE
42

Xinjian Du

TITLE
Financial Controller
AGE
52

Qiang Wu

TITLE
Executive Deputy GM & Executive Director
AGE
47
TENURE
0.4 yrs

Changle Wang

TITLE
CEO & Director of China Travel Hong Kong (Zhuhai) Ocean Spring Co Ltd
AGE
63

Siu Chung Lai

TITLE
Company Secretary
AGE
51
TENURE
9.4 yrs
Board of Directors Tenure

Average tenure and age of the China Travel International Investment Hong Kong board of directors in years:

0.8
Average Tenure
53.5
Average Age
  • The average tenure for the China Travel International Investment Hong Kong board of directors is less than 3 years, this suggests a new board.
Board of Directors

Zhuoyang Fu

TITLE
Chairman
COMPENSATION
HK$1M
AGE
59
TENURE
1.2 yrs

Sui Lo

TITLE
Vice Chairman
COMPENSATION
HK$240K
AGE
68

Hong Jiang

TITLE
GM & Executive Director
COMPENSATION
HK$544K
AGE
49
TENURE
0.8 yrs

Xianjun Chen

TITLE
Executive Director
COMPENSATION
HK$240K
AGE
50
TENURE
2.5 yrs

Cheng You

TITLE
Executive Director
COMPENSATION
HK$926K
AGE
44
TENURE
0.8 yrs

Hao Yang

TITLE
Executive Director
COMPENSATION
HK$12K
AGE
42
TENURE
0.7 yrs

Qiang Wu

TITLE
Executive Deputy GM & Executive Director
AGE
47
TENURE
0.4 yrs

Changle Wang

TITLE
CEO & Director of China Travel Hong Kong (Zhuhai) Ocean Spring Co Ltd
AGE
63

Zhenming Guo

TITLE
GM & Director of China Travel Service (Cargo) Hong Kong Ltd
AGE
62

Yanzhong Li

TITLE
GM & Director of Shenzhen - Splendid China Development Co Ltd
AGE
57
TENURE
18.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess China Travel International Investment Hong Kong'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 Travel International Investment Hong Kong 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.

CTVI.F News

Simply Wall St News

CTVI.F Company Info

Description

China Travel International Investment Hong Kong Limited, an investment holding company, provides travel and tourism services. Its Tourist Attraction Operations segment operates theme parks, scenic spots, cable car systems, skiing facilities, hotspring resorts, and other resorts, as well as engages in arts performance and tourism property development activities in the Mainland China. The company’s Travel Agency, Travel Document, and Related Operations segment provides travel agency, travel document, and related services in Hong Kong, Mainland China, South East Asia, Oceania, the United States, and countries in the European Union. Its Hotel Operations segment offers hotel accommodation, and food and beverage services in Hong Kong, Macau, and Mainland China. The company’s Passenger Transportation Operations segment provides cross-border transportation services to individuals travelling between Hong Kong, Macau, and Mainland China; and vehicle rental and charter operations in Hong Kong, Macau, and Mainland China. It also trades in computer equipment and provides computer services; and offers travel and air ticketing, printing and advertising, and entry permit handling agency services. In addition, the company is involved in property investment and software system development activities; and conference and exhibition operations. The company is based in Central, Hong Kong. China Travel International Investment Hong Kong Limited is a subsidiary of China Travel Service (Holdings) Hong Kong Limited.

Details
Name: China Travel International Investment Hong Kong Limited
CTVI.F
Exchange: OTCPK
Founded:
HK$890,510,293
5,456,163,525
Website: http://
Address: China Travel International Investment Hong Kong Limited
CTS House,
12th Floor,
Central,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 308 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 11. Nov 1992
OTCPK CTVI.F Ordinary Shares Pink Sheets LLC US USD 11. Nov 1992
DB CTI Ordinary Shares Deutsche Boerse AG DE EUR 11. Nov 1992
SHSC 308 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 11. Nov 1992
SZSC 308 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 11. Nov 1992
Number of employees
Current staff
Staff numbers
8,963
China Travel International Investment Hong Kong employees.
Industry
Hotels, Resorts and Cruise Lines
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/08/17 23:49
End of day share price update: 2019/08/13 00:00
Last estimates confirmation: 2019/08/04
Last earnings filing: 2019/04/25
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.