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Vinda International Holdings

OTCPK:VDAH.F
Snowflake Description

Adequate balance sheet with moderate growth potential.

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

Vinda International Holdings Limited, an investment holding company, manufactures and sells household paper and personal care products in Mainland China, Hong Kong, Malaysia, Taiwan, and internationally. The last earnings update was 78 days ago. More info.


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VDAH.F Share Price and Events
7 Day Returns
-2.7%
OTCPK:VDAH.F
-0.5%
US Household Products
-1.4%
US Market
1 Year Returns
1.1%
OTCPK:VDAH.F
40.4%
US Household Products
1.6%
US Market
VDAH.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Vinda International Holdings (VDAH.F) -2.7% -9.5% - 1.1% - 19.6%
US Household Products -0.5% 2.6% 5.7% 40.4% 30.7% 37.8%
US Market -1.4% -3.9% 0.1% 1.6% 33.2% 38.2%
1 Year Return vs Industry and Market
  • VDAH.F underperformed the Household Products industry which returned 40.4% over the past year.
Price Volatility
VDAH.F
Industry
5yr Volatility vs Market

VDAH.F Value

 Is Vinda International Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Vinda International Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Vinda International Holdings.

OTCPK:VDAH.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 10 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.1%
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:VDAH.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%
Household Products Unlevered Beta Simply Wall St/ S&P Global 0.33
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.333 (1 + (1- 25%) (31.13%))
0.605
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 6.65%)
8.05%

Discounted Cash Flow Calculation for OTCPK:VDAH.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Vinda International Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:VDAH.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 8.05%)
2019 650.23 Analyst x4 601.79
2020 522.57 Analyst x5 447.60
2021 782.97 Analyst x5 620.68
2022 1,216.00 Analyst x1 892.14
2023 1,271.00 Analyst x1 863.02
2024 1,320.79 Est @ 3.92% 830.01
2025 1,367.82 Est @ 3.56% 795.53
2026 1,413.12 Est @ 3.31% 760.64
2027 1,457.45 Est @ 3.14% 726.06
2028 1,501.39 Est @ 3.02% 692.22
Present value of next 10 years cash flows HK$7,229.70
OTCPK:VDAH.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= HK$1,501.39 × (1 + 2.73%) ÷ (8.05% – 2.73%)
HK$28,992.13
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$28,992.13 ÷ (1 + 8.05%)10
HK$13,366.95
OTCPK:VDAH.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$7,229.70 + HK$13,366.95
HK$20,596.66
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$20,596.66 / 1,195.00
HK$17.24
OTCPK:VDAH.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:VDAH.F represents 0.12766x of SEHK:3331
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.12766x
Value per Share
(Listing Adjusted, USD)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 17.24 x 0.12766
$2.20
Value per share (USD) From above. $2.20
Current discount Discount to share price of $1.80
= -1 x ($1.80 - $2.20) / $2.20
18.2%

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

Current Discount
Amount off the current price Vinda International Holdings is available for.
Intrinsic value
18%
Share price is $1.8 vs Future cash flow value of $2.2
Current Discount Checks
For Vinda International Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Vinda International Holdings's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Vinda International Holdings's share price is below the future cash flow value, but not 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 Vinda International Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Vinda International Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:VDAH.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in HKD HK$0.54
SEHK:3331 Share Price ** SEHK (2019-05-21) in HKD HK$14.1
United States of America Household Products Industry PE Ratio Median Figure of 9 Publicly-Listed Household Products Companies 24.13x
United States of America Market PE Ratio Median Figure of 3,086 Publicly-Listed Companies 17.45x

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

** Primary Listing of Vinda International Holdings.

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

= SEHK:3331 Share Price ÷ EPS (both in HKD)

= 14.1 ÷ 0.54

25.94x

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

  • Vinda International Holdings is overvalued based on earnings compared to the US Household Products industry average.
  • Vinda International Holdings is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Vinda International Holdings's expected growth come at a high price?
Raw Data
OTCPK:VDAH.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 25.94x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
18.2%per year
United States of America Household Products Industry PEG Ratio Median Figure of 6 Publicly-Listed Household Products Companies 4.45x
United States of America Market PEG Ratio Median Figure of 2,121 Publicly-Listed Companies 1.51x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 25.94x ÷ 18.2%

1.42x

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

  • Vinda International Holdings is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Vinda International Holdings's assets?
Raw Data
OTCPK:VDAH.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in HKD HK$7.31
SEHK:3331 Share Price * SEHK (2019-05-21) in HKD HK$14.1
United States of America Household Products Industry PB Ratio Median Figure of 12 Publicly-Listed Household Products Companies 3.33x
United States of America Market PB Ratio Median Figure of 5,208 Publicly-Listed Companies 1.8x
OTCPK:VDAH.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:3331 Share Price ÷ Book Value per Share (both in HKD)

= 14.1 ÷ 7.31

1.93x

* Primary Listing of Vinda International Holdings.

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

  • Vinda International Holdings is good value based on assets compared to the US Household Products industry average.
X
Value checks
We assess Vinda International Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Household Products 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 Household Products industry average (and greater than 0)? (1 check)
  5. Vinda International Holdings has a total score of 1/6, 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.

VDAH.F Future Performance

 How is Vinda International Holdings expected to perform in the next 1 to 3 years based on estimates from 10 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
18.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Vinda International Holdings expected to grow at an attractive rate?
  • Vinda International Holdings's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Vinda International Holdings's earnings growth is expected to exceed the United States of America market average.
  • Vinda International Holdings's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:VDAH.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:VDAH.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts 18.2%
OTCPK:VDAH.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts 8.6%
United States of America Household Products Industry Earnings Growth Rate Market Cap Weighted Average 6.1%
United States of America Household Products Industry Revenue Growth Rate Market Cap Weighted Average 3.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.7%
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
OTCPK:VDAH.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:VDAH.F Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 2,215
2022-12-31 2,041
2021-12-31 19,255 2,111 1,141 6
2020-12-31 17,839 1,987 986 8
2019-12-31 16,358 1,876 825 9
OTCPK:VDAH.F Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-12-31 14,879 1,332 649
2018-09-30 14,696 863 683
2018-06-30 14,513 394 718
2018-03-31 13,999 690 669
2017-12-31 13,486 986 621
2017-09-30 13,092 1,651 637
2017-06-30 12,698 2,316 653
2017-03-31 12,377 2,266 653
2016-12-31 12,057 2,215 654
2016-09-30 11,338 1,631 479
2016-06-30 10,619 1,046 305
2016-03-31 10,158 896 310

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Vinda International Holdings's earnings are expected to grow by 18.2% yearly, however this is not considered high growth (20% yearly).
  • Vinda International Holdings's revenue is expected to grow by 8.6% 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:VDAH.F 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 10 Analyst Estimates (S&P Global) See Below

All data from Vinda International Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:VDAH.F Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.95 1.01 0.91 6.00
2020-12-31 0.83 0.93 0.77 8.00
2019-12-31 0.68 0.81 0.62 8.00
OTCPK:VDAH.F Past Financials Data
Date (Data in HKD Millions) EPS *
2018-12-31 0.54
2018-09-30 0.57
2018-06-30 0.60
2018-03-31 0.56
2017-12-31 0.53
2017-09-30 0.55
2017-06-30 0.57
2017-03-31 0.58
2016-12-31 0.60
2016-09-30 0.45
2016-06-30 0.30
2016-03-31 0.31

*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.
  • Vinda International Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Vinda International Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the 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.
Vinda International Holdings has a total score of 3/6, 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.

VDAH.F Past Performance

  How has Vinda International Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Vinda International Holdings's growth in the last year to its industry (Household Products).
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.
  • Vinda International Holdings's year on year earnings growth rate has been positive over the past 5 years.
  • Vinda International Holdings's 1-year earnings growth is less than its 5-year average (4.6% vs 6.1%)
  • Vinda International Holdings's earnings growth has exceeded the US Household Products industry average in the past year (4.6% vs 4.1%).
Earnings and Revenue History
Vinda International Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Vinda International Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:VDAH.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 14,878.55 649.30 3,138.37
2018-09-30 14,695.71 683.46 3,160.41
2018-06-30 14,512.86 717.61 3,182.44
2018-03-31 13,999.41 669.28 3,130.66
2017-12-31 13,485.96 620.96 3,078.89
2017-09-30 13,091.85 636.93 3,028.36
2017-06-30 12,697.74 652.89 2,977.83
2017-03-31 12,377.14 653.21 2,889.00
2016-12-31 12,056.55 653.53 2,800.17
2016-09-30 11,337.82 479.26 2,592.72
2016-06-30 10,619.09 304.99 2,385.27
2016-03-31 10,157.55 309.72 2,264.21
2015-12-31 9,696.00 314.44 2,143.15
2015-09-30 9,372.25 508.27 2,030.60
2015-06-30 9,048.49 702.09 1,918.06
2015-03-31 8,516.86 647.78 1,778.69
2014-12-31 7,985.22 593.47 1,639.31
2014-09-30 7,574.74 537.28 1,544.04
2014-06-30 7,164.27 481.10 1,448.77
2014-03-31 6,981.11 512.00 1,383.04
2013-12-31 6,797.96 542.91 1,317.31
2013-09-30 6,624.08 552.70 1,268.64
2013-06-30 6,450.21 562.50 1,219.96
2013-03-31 6,237.13 549.53 1,179.10
2012-12-31 6,024.05 536.56 1,138.23
2012-09-30 5,741.11 504.63 1,052.18
2012-06-30 5,458.17 472.69 966.13

*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.
  • Vinda International Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Vinda International Holdings used its assets less efficiently than the US Household Products industry average last year based on Return on Assets.
  • Vinda International Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Vinda International Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Household Products 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.
Vinda International Holdings has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

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

VDAH.F Health

 How is Vinda International Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Vinda International Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Vinda International Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Vinda International Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Vinda International Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.1x 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 Vinda International Holdings Company Filings, last reported 4 months ago.

OTCPK:VDAH.F Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 8,729.92 5,245.50 677.22
2018-09-30 8,729.92 5,245.50 677.22
2018-06-30 8,920.86 5,813.63 491.34
2018-03-31 8,920.86 5,813.63 491.34
2017-12-31 8,736.47 5,236.27 621.67
2017-09-30 8,736.47 5,236.27 621.67
2017-06-30 8,106.83 4,971.36 914.71
2017-03-31 8,106.83 4,971.36 914.71
2016-12-31 6,779.56 5,016.75 1,015.25
2016-09-30 6,779.56 5,016.75 1,015.25
2016-06-30 6,831.81 5,666.28 631.77
2016-03-31 6,831.81 5,666.28 631.77
2015-12-31 4,947.76 4,738.54 393.25
2015-09-30 4,947.76 4,738.54 393.25
2015-06-30 5,301.25 4,527.68 513.67
2015-03-31 5,301.25 4,527.68 513.67
2014-12-31 5,081.00 4,464.80 720.28
2014-09-30 5,081.00 4,464.80 720.28
2014-06-30 4,718.28 3,103.76 577.94
2014-03-31 4,718.28 3,103.76 577.94
2013-12-31 4,646.88 2,750.36 689.70
2013-09-30 4,646.88 2,750.36 689.70
2013-06-30 4,385.18 2,808.95 774.94
2013-03-31 4,385.18 2,808.95 774.94
2012-12-31 4,118.92 2,084.29 753.59
2012-09-30 4,118.92 2,084.29 753.59
2012-06-30 3,854.39 2,187.75 1,335.85
  • Vinda International Holdings's level of debt (60.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (59.3% vs 60.1% today).
  • Debt is well covered by operating cash flow (25.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.1x coverage).
X
Financial health checks
We assess Vinda International Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Vinda International Holdings has a total score of 4/6, 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.

VDAH.F Dividends

 What is Vinda International Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.42%
Current annual income from Vinda International Holdings dividends. Estimated to be 1.99% next year.
If you bought $2,000 of Vinda International Holdings shares you are expected to receive $28 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?
  • Vinda International Holdings's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.47%).
  • Vinda International Holdings's dividend is below the markets top 25% of dividend payers in United States of America (3.75%).
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:VDAH.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 10 Analyst Estimates (S&P Global) See Below
United States of America Household Products Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 2.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2007 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:VDAH.F Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31 0.39 1.00
2021-12-31 0.32 8.00
2020-12-31 0.28 10.00
2019-12-31 0.24 10.00
OTCPK:VDAH.F Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2019-03-11 0.200 1.338
2019-01-30 0.200 1.305
2018-01-25 0.190 1.415
2017-03-07 0.170 1.121
2017-01-25 0.170 1.112
2016-08-22 0.100 0.665
2016-07-19 0.100 0.671
2016-03-07 0.100 0.734
2016-01-27 0.100 0.832
2015-03-04 0.160 1.045
2015-01-29 0.160 1.243
2014-04-15 0.156 1.330
2014-03-27 0.156 1.353
2013-04-22 0.156 1.508
2013-03-26 0.156 1.449
2012-08-29 0.130 1.179
2012-03-27 0.120 0.957
2011-08-31 0.120 1.257
2011-03-30 0.120 1.387
2010-08-27 0.123 1.421
2010-04-07 0.120 1.779
2009-09-18 0.060 1.157
2009-09-07 0.060 1.194

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Vinda International Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.9x coverage).
X
Income/ dividend checks
We assess Vinda International Holdings'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 Vinda International Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Vinda International Holdings has a total score of 3/6, see the detailed checks below.


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

VDAH.F Management

 What is the CEO of Vinda International Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Johann Michalski
COMPENSATION HK$9,376,042
AGE 52
TENURE AS CEO 3.6 years
CEO Bio

Mr. Johann Christoph Michalski has been the Chief Executive Officer and Executive Director of Vinda International Holdings Limited since October 1, 2015. Mr. Michalski serves as the President of Svenska Cellulosa Aktiebolaget (SCA) SCA Asia Pacific is a business unit under the SCA Group, of which he has been Senior Vice President of Business Development & Strategic Planning since 2007. He served a number of senior management positions in the New Zealand dairy group Fonterra as well as the global FMCG company Unilever. He has over 20 years of experience in leading roles in business development and strategy, consumer marketing and innovation in the consumer goods industry. He served as Director of Vinda International Holdings Limited from April 19, 2008 to October 10, 2015. Mr. MICHALSKIi holds an Master's Degree in Economics from Kiel University (Germany).

CEO Compensation
  • Johann's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Johann's remuneration is lower than average for companies of similar size in United States of America.
Management Team

Chao Wang Li

TITLE
Founder & Executive Chairman
COMPENSATION
HK$8M
AGE
60

Johann Michalski

TITLE
CEO & Executive Director
COMPENSATION
HK$9M
AGE
52
TENURE
3.6 yrs

Yi Fang Yu

TITLE
Co-Founder & Vice Chairman
COMPENSATION
HK$5M
AGE
63

Yi Dong

TITLE
CTO of Mainland China & Executive Director
COMPENSATION
HK$5M
AGE
55

Karen Li

TITLE
Chief HR Officer
COMPENSATION
HK$5M
AGE
32

Vicky Tan

TITLE
CFO & Company Secretary
AGE
37
TENURE
2.1 yrs

Venus Wong

TITLE
AM of Investor Relations & Assistant Corporate Affairs Manager

Richard Su

TITLE
Chief Procurement Officer
AGE
61

Jian Zhang

TITLE
Deputy Chief Executive Officer
AGE
46

Tom Tang

TITLE
President of Marketing - Mainland China
AGE
47
Board of Directors Tenure

Average tenure and age of the Vinda International Holdings board of directors in years:

4.5
Average Tenure
61.5
Average Age
  • The tenure for the Vinda International Holdings board of directors is about average.
Board of Directors

Chao Wang Li

TITLE
Founder & Executive Chairman
COMPENSATION
HK$8M
AGE
60
TENURE
19.1 yrs

Johann Michalski

TITLE
CEO & Executive Director
COMPENSATION
HK$9M
AGE
52
TENURE
3.6 yrs

Yi Fang Yu

TITLE
Co-Founder & Vice Chairman
COMPENSATION
HK$5M
AGE
63
TENURE
9.3 yrs

Vasby Johansson

TITLE
Vice Chairman
COMPENSATION
HK$3M
AGE
64
TENURE
4.3 yrs

Yi Dong

TITLE
CTO of Mainland China & Executive Director
COMPENSATION
HK$5M
AGE
55
TENURE
19.3 yrs

Karen Li

TITLE
Chief HR Officer
COMPENSATION
HK$5M
AGE
32
TENURE
3.6 yrs

King Fai Tsui

TITLE
Independent Non-Executive Director
COMPENSATION
HK$414K
AGE
68
TENURE
11.9 yrs

Yen On Chia

TITLE
Independent Non-Executive Director
COMPENSATION
HK$321K
AGE
67
TENURE
3.6 yrs

Albert Wong

TITLE
Independent Non-Executive Director
COMPENSATION
HK$371K
AGE
67
TENURE
4.7 yrs

Carl Groth

TITLE
Non-Executive Director
AGE
55
TENURE
3.8 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 Vinda International Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Vinda International Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

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

VDAH.F News

Simply Wall St News

VDAH.F Company Info

Description

Vinda International Holdings Limited, an investment holding company, manufactures and sells household paper and personal care products in Mainland China, Hong Kong, Malaysia, Taiwan, and internationally. It offers tissues under Tempo, Vinda, and TORK brand names; incontinence products under TENA and Dr.P brand names; feminine care products under Libresse and VIA brand names; and baby care products under Libero and Drypers brand names. The company is also involved in the trade of wood pulp and machinery; and provision of home health care and health management consulting services, as well as import and export activities. In addition, it produces and sells steam; and offers property management services. The company was founded in 1985 and is based in Tsim Sha Tsui, Hong Kong. Vinda International Holdings Limited is a subsidiary of Essity Group Holding BV.

Details
Name: Vinda International Holdings Limited
VDAH.F
Exchange: OTCPK
Founded: 1985
HK$2,146,603,412
1,194,997,373
Website: http://www.vinda.com
Address: Vinda International Holdings Limited
Penthouse,
East Ocean Centre,
Tsim Sha Tsui,
Kowloon, Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 3331 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 10. Jul 2007
OTCPK VDAH.F Ordinary Shares Pink Sheets LLC US USD 10. Jul 2007
DB 31V Ordinary Shares Deutsche Boerse AG DE EUR 10. Jul 2007
SHSC 3331 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 10. Jul 2007
SZSC 3331 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 10. Jul 2007
Number of employees
Current staff
Staff numbers
11,250
Vinda International Holdings employees.
Industry
Household Products
Household
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/27 00:29
End of day share price update: 2019/05/21 00:00
Last estimates confirmation: 2019/04/29
Last earnings filing: 2019/03/10
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.