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China Railway Signal & Communication

OTCPK:CRYY.F
Snowflake Description

Undervalued with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CRYY.F
OTCPK
HK$57B
Market Cap
  1. Home
  2. US
  3. Tech
Company description

China Railway Signal & Communication Corporation Limited, together with its subsidiaries, provides rail transportation control system solutions in the People's Republic of China and internationally. The last earnings update was 207 days ago. More info.


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  • China Railway Signal & Communication has significant price volatility in the past 3 months.
CRYY.F Share Price and Events
7 Day Returns
0%
OTCPK:CRYY.F
-0.2%
US Electronic
0.4%
US Market
1 Year Returns
-
OTCPK:CRYY.F
0.1%
US Electronic
3.5%
US Market
CRYY.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
China Railway Signal & Communication (CRYY.F) 0% 3.8% - - - -
US Electronic -0.2% 0.3% 22.8% 0.1% 60% 59.3%
US Market 0.4% 1.6% 16.4% 3.5% 39.4% 44%
1 Year Return vs Industry and Market
  • No trading data on CRYY.F.
  • No trading data on CRYY.F.
Price Volatility
CRYY.F
Industry
5yr Volatility vs Market
Related Companies

CRYY.F Value

 Is China Railway Signal & Communication 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 Railway Signal & Communication 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 Railway Signal & Communication.

OTCPK:CRYY.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 16 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.2%
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:CRYY.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.07 (1 + (1- 25%) (7.11%))
1.085
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.08
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.085 * 5.96%)
9.2%

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

The calculations below outline how an intrinsic value for China Railway Signal & Communication 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:CRYY.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 9.2%)
2019 3,082.00 Analyst x3 2,822.45
2020 3,474.25 Analyst x4 2,913.71
2021 3,793.10 Est @ 9.18% 2,913.22
2022 4,067.85 Est @ 7.24% 2,861.13
2023 4,307.42 Est @ 5.89% 2,774.48
2024 4,520.27 Est @ 4.94% 2,666.38
2025 4,713.65 Est @ 4.28% 2,546.29
2026 4,893.42 Est @ 3.81% 2,420.78
2027 5,064.13 Est @ 3.49% 2,294.25
2028 5,229.27 Est @ 3.26% 2,169.55
Present value of next 10 years cash flows CN¥26,382.25
OTCPK:CRYY.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CN¥5,229.27 × (1 + 2.73%) ÷ (9.2% – 2.73%)
CN¥83,080.10
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥83,080.10 ÷ (1 + 9.2%)10
CN¥34,468.83
OTCPK:CRYY.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥26,382.25 + CN¥34,468.83
CN¥60,851.08
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥60,851.08 / 8,789.82
CN¥54.62
OTCPK:CRYY.F Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:3969)
1.168
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥6.92 x 1.168
HK$8.09
Non-primary Listing Adjustment Factor 1 share in OTCPK:CRYY.F represents 0.12674x of SEHK:3969
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.12674x
Value per Share
(Listing Adjusted, USD)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 8.09 x 0.12674
$1.03
Value per share (USD) From above. $1.03
Current discount Discount to share price of $0.82
= -1 x ($0.82 - $1.03) / $1.03
20%

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

Current Discount
Amount off the current price China Railway Signal & Communication is available for.
Intrinsic value
20%
Share price is $0.82 vs Future cash flow value of $1.03
Current Discount Checks
For China Railway Signal & Communication to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • China Railway Signal & Communication's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • China Railway Signal & Communication'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 China Railway Signal & Communication's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are China Railway Signal & Communication's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:CRYY.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in CNY CN¥0.40
SEHK:3969 Share Price ** SEHK (2019-03-15) in HKD HK$6.47
SEHK:3969 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.856 CN¥5.54
United States of America Electronic Industry PE Ratio Median Figure of 92 Publicly-Listed Electronic Companies 19.26x
United States of America Market PE Ratio Median Figure of 3,058 Publicly-Listed Companies 17.52x

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

** Primary Listing of China Railway Signal & Communication.

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

= SEHK:3969 Share Price ÷ EPS (both in CNY)

= 5.54 ÷ 0.40

13.91x

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

  • China Railway Signal & Communication is good value based on earnings compared to the US Electronic industry average.
  • China Railway Signal & Communication is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does China Railway Signal & Communication's expected growth come at a high price?
Raw Data
OTCPK:CRYY.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.91x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts
17%per year
United States of America Electronic Industry PEG Ratio Median Figure of 60 Publicly-Listed Electronic Companies 1.53x
United States of America Market PEG Ratio Median Figure of 2,103 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.91x ÷ 17%

0.82x

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

  • China Railway Signal & Communication is good value based on expected growth next year.
Price based on value of assets
What value do investors place on China Railway Signal & Communication's assets?
Raw Data
OTCPK:CRYY.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in CNY CN¥2.81
SEHK:3969 Share Price * SEHK (2019-03-15) in HKD HK$6.47
SEHK:3969 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.856 CN¥5.54
United States of America Electronic Industry PB Ratio Median Figure of 151 Publicly-Listed Electronic Companies 2.11x
United States of America Market PB Ratio Median Figure of 5,157 Publicly-Listed Companies 1.88x
OTCPK:CRYY.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:3969 Share Price ÷ Book Value per Share (both in CNY)

= 5.54 ÷ 2.81

1.97x

* Primary Listing of China Railway Signal & Communication.

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

  • China Railway Signal & Communication is good value based on assets compared to the US Electronic industry average.
X
Value checks
We assess China Railway Signal & Communication'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 Electronic 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 Electronic industry average (and greater than 0)? (1 check)
  5. China Railway Signal & Communication 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.

CRYY.F Future Performance

 How is China Railway Signal & Communication expected to perform in the next 1 to 3 years based on estimates from 16 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
17%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is China Railway Signal & Communication expected to grow at an attractive rate?
  • China Railway Signal & Communication's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • China Railway Signal & Communication's earnings growth is expected to exceed the United States of America market average.
  • China Railway Signal & Communication's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:CRYY.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:CRYY.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts 17%
OTCPK:CRYY.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 16 Analysts 17.7%
United States of America Electronic Industry Earnings Growth Rate Market Cap Weighted Average 17%
United States of America Electronic Industry Revenue Growth Rate Market Cap Weighted Average 5.6%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.2%

*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:CRYY.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (8 months ago) See Below
Future Estimates Average of up to 16 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:CRYY.F Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 56,310 4,388 5,250 14
2019-12-31 48,188 3,571 4,640 16
2018-12-31 40,215 4,000 3,781 14
OTCPK:CRYY.F Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-06-30 36,765 -1,633 3,500
2018-03-31 35,599 -1,260 3,405
2017-12-31 34,434 -886 3,310
2017-09-30 33,001 45 3,319
2017-06-30 31,569 977 3,327
2017-03-31 30,485 1,956 3,188
2016-12-31 29,402 2,935 3,049
2016-09-30 27,970 3,233 3,006
2016-06-30 26,539 3,532 2,962
2016-03-31 26,368 3,486 2,757
2015-12-31 23,952 2,763 2,496
2015-09-30 22,286 1,488 2,411

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • China Railway Signal & Communication's earnings are expected to grow by 17% yearly, however this is not considered high growth (20% yearly).
  • China Railway Signal & Communication's revenue is expected to grow by 17.7% 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:CRYY.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (8 months ago) See Below
Future Estimates Average of up to 16 Analyst Estimates (S&P Global) See Below

All data from China Railway Signal & Communication Company Filings, last reported 8 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:CRYY.F Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.60 0.66 0.53 11.00
2019-12-31 0.53 0.57 0.47 13.00
2018-12-31 0.42 0.44 0.40 10.00
OTCPK:CRYY.F Past Financials Data
Date (Data in CNY Millions) EPS *
2018-06-30 0.40
2018-03-31 0.39
2017-12-31 0.38
2017-09-30 0.38
2017-06-30 0.38
2017-03-31 0.36
2016-12-31 0.35
2016-09-30 0.35
2016-06-30 0.34
2016-03-31 0.34
2015-12-31 0.32
2015-09-30 0.33

*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 Railway Signal & Communication is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess China Railway Signal & Communication'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 Railway Signal & Communication 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.

CRYY.F Past Performance

  How has China Railway Signal & Communication performed over the past 5 years?

  • China Railway Signal & Communication's last earnings update was 207 days ago.
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 Railway Signal & Communication's growth in the last year to its industry (Electronic).
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 Railway Signal & Communication's year on year earnings growth rate has been positive over the past 5 years.
  • China Railway Signal & Communication's 1-year earnings growth is less than its 5-year average (5.2% vs 16.9%)
  • China Railway Signal & Communication's earnings growth has not exceeded the US Electronic industry average in the past year (5.2% vs 61%).
Earnings and Revenue History
China Railway Signal & Communication'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 Railway Signal & Communication Company Filings, last reported 8 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:CRYY.F Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 36,765.18 3,499.97 4,031.84
2018-03-31 35,599.43 3,405.01 4,069.99
2017-12-31 34,433.68 3,310.05 4,108.14
2017-09-30 33,001.13 3,318.67 3,945.89
2017-06-30 31,568.57 3,327.30 3,783.65
2017-03-31 30,485.36 3,188.32 3,822.82
2016-12-31 29,402.15 3,049.34 3,861.99
2016-09-30 27,970.37 3,005.52 3,780.23
2016-06-30 26,538.59 2,961.70 3,698.46
2016-03-31 26,367.84 2,757.19 3,787.83
2015-12-31 23,951.55 2,496.40 3,473.14
2015-09-30 22,286.45 2,411.37 3,200.89
2015-06-30 20,621.34 2,326.33 2,928.63
2015-03-31 18,739.13 2,180.78 2,692.74
2014-12-31 17,328.64 2,033.47 2,616.95
2013-12-31 13,064.59 1,260.46 2,032.93
2012-12-31 10,550.91 1,067.67 1,819.24

*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 Railway Signal & Communication has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • China Railway Signal & Communication used its assets less efficiently than the US Electronic industry average last year based on Return on Assets.
  • China Railway Signal & Communication's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess China Railway Signal & Communication'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 Electronic 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 Railway Signal & Communication has a total score of 1/6, 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.

CRYY.F Health

 How is China Railway Signal & Communication'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 Railway Signal & Communication's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • China Railway Signal & Communication is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • China Railway Signal & Communication's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of China Railway Signal & Communication'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 17.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from China Railway Signal & Communication Company Filings, last reported 8 months ago.

OTCPK:CRYY.F Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 26,075.57 3,462.31 12,333.62
2018-03-31 26,075.57 3,462.31 12,333.62
2017-12-31 25,224.60 1,875.78 12,879.45
2017-09-30 25,224.60 1,875.78 12,879.45
2017-06-30 23,646.68 593.98 13,437.78
2017-03-31 23,646.68 593.98 13,437.78
2016-12-31 22,690.47 1,151.71 15,520.54
2016-09-30 22,690.47 1,151.71 15,520.54
2016-06-30 21,171.73 684.70 13,965.68
2016-03-31 21,171.73 684.70 13,965.68
2015-12-31 19,735.18 467.43 14,339.79
2015-09-30 19,735.18 467.43 14,339.79
2015-06-30 9,539.38 2,794.15 5,193.73
2015-03-31 9,807.93 294.15 5,908.25
2014-12-31 12,475.30 317.56 6,345.71
2013-12-31 9,998.88 351.45 3,973.91
2012-12-31 7,642.01 685.90 2,652.32
  • China Railway Signal & Communication's level of debt (13.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (5.9% vs 13.3% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • China Railway Signal & Communication earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess China Railway Signal & Communication'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 Railway Signal & Communication 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.

CRYY.F Dividends

 What is China Railway Signal & Communication'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
2.71%
Current annual income from China Railway Signal & Communication dividends. Estimated to be 3.53% next year.
If you bought $2,000 of China Railway Signal & Communication shares you are expected to receive $54 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • China Railway Signal & Communication's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.47%).
  • China Railway Signal & Communication's dividend is below the markets top 25% of dividend payers in United States of America (3.67%).
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:CRYY.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 16 Analyst Estimates (S&P Global) See Below
United States of America Electronic Industry Average Dividend Yield Market Cap Weighted Average of 38 Stocks 1.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2006 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.

OTCPK:CRYY.F Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.21 13.00
2019-12-31 0.19 15.00
2018-12-31 0.15 15.00
OTCPK:CRYY.F Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2018-04-24 0.150 3.040
2018-03-29 0.150 3.122
2017-05-19 0.100 1.988
2016-04-27 0.025 0.510

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

  • Whilst dividend payments have been stable, China Railway Signal & Communication has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but China Railway Signal & Communication only paid a dividend in the past 3 years.
Current Payout to shareholders
What portion of China Railway Signal & Communication'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 (2.8x coverage).
X
Income/ dividend checks
We assess China Railway Signal & Communication'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 Railway Signal & Communication afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. China Railway Signal & Communication 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.

CRYY.F Management

 What is the CEO of China Railway Signal & Communication'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 Railway Signal & Communication has no CEO, or we have no data on them.
Management Team Tenure

Average tenure and age of the China Railway Signal & Communication management team in years:

2.7
Average Tenure
51.5
Average Age
  • The tenure for the China Railway Signal & Communication management team is about average.
Management Team

Gang Yin

TITLE
President & Executive Director
COMPENSATION
CN¥725K
AGE
55
TENURE
3.8 yrs

Shaofeng Hu

TITLE
Chief Accountant & Joint Company Secretary
AGE
50
TENURE
2.7 yrs

Shikui Chen

TITLE
Employee Representative Supervisor & Head of the Legal Compliance Department
AGE
43
TENURE
0.7 yrs

Yongsheng Yang

TITLE
Executive Director
TENURE
0.6 yrs

Weizhong Shi

TITLE
President of CRSC Ltd and Executive Director of CRSC Ltd
COMPENSATION
CN¥368K

Wingshan Ng

TITLE
Joint Company Secretary
AGE
41
TENURE
4 yrs

Ning Kong

TITLE
Vice President
AGE
53
TENURE
2.7 yrs

Hong Chen

TITLE
Vice President
COMPENSATION
CN¥271K
AGE
55
TENURE
5.9 yrs
Board of Directors Tenure

Average tenure and age of the China Railway Signal & Communication board of directors in years:

3.8
Average Tenure
54
Average Age
  • The tenure for the China Railway Signal & Communication board of directors is about average.
Board of Directors

Zhiliang Zhou

TITLE
Chairman of the Board
COMPENSATION
CN¥786K
AGE
53
TENURE
7.2 yrs

Gang Yin

TITLE
President & Executive Director
COMPENSATION
CN¥725K
AGE
55
TENURE
3.8 yrs

Shikui Chen

TITLE
Employee Representative Supervisor & Head of the Legal Compliance Department
AGE
43
TENURE
0.6 yrs

Yongsheng Yang

TITLE
Executive Director
TENURE
0.6 yrs

Weizhong Shi

TITLE
President of CRSC Ltd and Executive Director of CRSC Ltd
COMPENSATION
CN¥368K

Jin’en Chen

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥60K
AGE
63
TENURE
3.8 yrs

Liyan Tian

TITLE
Chairwoman of the Supervisory Committee
AGE
44
TENURE
3.8 yrs

Peter Chan

TITLE
Independent Non-Executive Director
TENURE
0.6 yrs

Jiajie Wang

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥103K
AGE
67
TENURE
3.8 yrs

Guiqing Yao

TITLE
Independent Non-Executive Director
TENURE
0.6 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 ($) Value ($)
05. Mar 19 Sell National Social Security Fund Company 01. Mar 19 01. Mar 19 -300,000 $0.85 $-255,941
05. Mar 19 Buy BlackRock, Inc. Company 28. Feb 19 28. Feb 19 1,733,000 $0.83 $1,434,690
25. Dec 18 Buy BlackRock, Inc. Company 21. Dec 18 21. Dec 18 235,000 $0.72 $168,929
22. Dec 18 Sell BlackRock, Inc. Company 20. Dec 18 20. Dec 18 -4,801,015 $0.74 $-3,537,090
18. Dec 18 Buy BlackRock, Inc. Company 13. Dec 18 13. Dec 18 4,274,000 $0.72 $3,090,991
X
Management checks
We assess China Railway Signal & Communication'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 Railway Signal & Communication 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.

CRYY.F News

Simply Wall St News

CRYY.F Company Info

Description

China Railway Signal & Communication Corporation Limited, together with its subsidiaries, provides rail transportation control system solutions in the People's Republic of China and internationally. The company operates through Rail Transportation Control System, Construction Contracting, and Others segments. It offers engineering design, consultancy, and system integration services for rail transportation control system projects, and integrated solutions designed to achieve functionality and performance of control system. It also manufactures and sells signal system products; communication information system products; cables, and electrical appliances and equipment; and signal automatic, electronic, and electrical equipment for railways and urban transit, as well as electric power basic equipment and devices. In addition, the company provides construction, installation, testing, and maintenance services for rail transportation control system projects; urban rail transit technical development, consultation, and related service; project investment, management, and consultation services; and construction and installation contracting services, as well as technical detection services. Further, it is involved in the provision of municipal engineering and related construction services; and import and export of goods, as well as offers survey, design, and consultation services. Additionally, it trades in equipment in communication, signal, electric power and automatic control, minerals, coal, coke, and other materials; and designs, manufactures, sells, and trades in tramcars, light rail vehicles, and pipe fittings, as well as provides industrial and civil construction contracting services. China Railway Signal & Communication Corporation Limited was founded in 1953 and is headquartered in Beijing, China. China Railway Signal & Communication Corporation Limited is a subsidiary of China Railway Signal & Communication Corporation.

Details
Name: China Railway Signal & Communication Corporation Limited
CRYY.F
Exchange: OTCPK
Founded: 1953
HK$7,247,335,165
8,789,819,000
Website: http://www.crsc.cn
Address: China Railway Signal & Communication Corporation Limited
CRSC Building,
1 Compound, Automobile Museum South Road,
Beijing,
100070,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 3969 Foreign Shares-Foregin Listed The Stock Exchange of Hong Kong Ltd. HK HKD 07. Aug 2015
OTCPK CRYY.F Foreign Shares-Foregin Listed Pink Sheets LLC US USD 07. Aug 2015
DB RS3 Foreign Shares-Foregin Listed Deutsche Boerse AG DE EUR 07. Aug 2015
SHSC 3969 Foreign Shares-Foregin Listed Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 07. Aug 2015
SZSC 3969 Foreign Shares-Foregin Listed The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 07. Aug 2015
OTCPK CRYC.Y UNSPONSORD ADS Pink Sheets LLC US USD 25. Apr 2018
Number of employees
Current staff
Staff numbers
18,440
China Railway Signal & Communication employees.
Industry
Electronic Equipment and Instruments
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/23 00:42
End of day share price update: 2019/03/15 00:00
Last estimates confirmation: 2019/03/01
Last earnings filing: 2018/08/28
Last earnings reported: 2018/06/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.