Loading...

Yangtze Optical Fibre And Cable Limited

OTCPK:YZOF.F
Snowflake Description

Very undervalued with flawless balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
YZOF.F
OTCPK
HK$25B
Market Cap
  1. Home
  2. US
  3. Tech
Company description

Yangtze Optical Fibre And Cable Joint Stock Limited Company manufactures and sells optical fiber and cable products in the People’s Republic of China and internationally. The last earnings update was 78 days ago. More info.


Add to Portfolio Compare Print
YZOF.F Share Price and Events
7 Day Returns
0%
OTCPK:YZOF.F
5.7%
US Communications
5.5%
US Market
1 Year Returns
-
OTCPK:YZOF.F
2.3%
US Communications
-7.1%
US Market
YZOF.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Yangtze Optical Fibre And Cable Limited (YZOF.F) 0% 0% - - - -
US Communications 5.7% -6.2% -3.8% 2.3% 65.6% 60.1%
US Market 5.5% -1.4% -6% -7.1% 35.5% 33.5%
1 Year Return vs Industry and Market
  • No trading data on YZOF.F.
  • No trading data on YZOF.F.
Price Volatility
YZOF.F
Industry
5yr Volatility vs Market

YZOF.F Value

 Is Yangtze Optical Fibre And Cable Limited 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 Yangtze Optical Fibre And Cable Limited 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 Yangtze Optical Fibre And Cable Limited.

OTCPK:YZOF.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 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.6%
Perpetual Growth Rate 10-Year US Government Bond Rate 3%

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:YZOF.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 3%
Equity Risk Premium S&P Global 7.1%
Communications Unlevered Beta Simply Wall St/ S&P Global 1.03
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.032 (1 + (1- 25%) (6.38%))
1.081
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)
= 2.95% + (1.081 * 7.05%)
10.57%

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

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

OTCPK:YZOF.F DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (CNY, Millions) 1,238.00 942.25 3,193.00 3,710.00 3,175.00
Source Analyst x5 Analyst x4 Analyst x1 Analyst x1 Analyst x1
Present Value
Discounted (@ 10.57%)
1,119.64 770.70 2,361.99 2,482.06 1,921.06
Present value of next 5 years cash flows CN¥8,655.45
OTCPK:YZOF.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= CN¥3,175.00 × (1 + 2.95%) ÷ (10.57% – 2.95%)
CN¥42,891.36
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= CN¥42,891.36 ÷ (1 + 10.57%)5
CN¥25,951.81
OTCPK:YZOF.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= CN¥8,655.45 + CN¥25,951.81
CN¥34,607.26
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥34,607.26 / 757.91
CN¥45.66
OTCPK:YZOF.F Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:6869)
1.141
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥45.66 x 1.141
HK$52.09
Non-primary Listing Adjustment Factor 1 share in OTCPK:YZOF.F represents 0.11062x of SEHK:6869
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.11062x
Value per Share
(Listing Adjusted, USD)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 52.09 x 0.11062
$5.76
Value per share (USD) From above. $5.76
Current discount Discount to share price of $2.50
= -1 x ($2.50 - $5.76) / $5.76
56.6%

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

Current Discount
Amount off the current price Yangtze Optical Fibre And Cable Limited is available for.
Intrinsic value
>50%
Share price is $2.5 vs Future cash flow value of $5.76
Current Discount Checks
For Yangtze Optical Fibre And Cable Limited to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Yangtze Optical Fibre And Cable Limited's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Yangtze Optical Fibre And Cable Limited's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Yangtze Optical Fibre And Cable Limited's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Yangtze Optical Fibre And Cable Limited's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:YZOF.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in CNY CN¥2.26
SEHK:6869 Share Price ** SEHK (2018-10-16) in HKD HK$22.6
SEHK:6869 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.877 CN¥19.81
United States of America Communications Industry PE Ratio Median Figure of 37 Publicly-Listed Communications Companies 29.18x
United States of America Market PE Ratio Median Figure of 3,018 Publicly-Listed Companies 16.85x

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

** Primary Listing of Yangtze Optical Fibre And Cable Limited.

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

= SEHK:6869 Share Price ÷ EPS (both in CNY)

= 19.81 ÷ 2.26

8.76x

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

  • Yangtze Optical Fibre And Cable Limited is good value based on earnings compared to the US Communications industry average.
  • Yangtze Optical Fibre And Cable Limited is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Yangtze Optical Fibre And Cable Limited's expected growth come at a high price?
Raw Data
OTCPK:YZOF.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.76x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
16%per year
United States of America Communications Industry PEG Ratio Median Figure of 24 Publicly-Listed Communications Companies 1.83x
United States of America Market PEG Ratio Median Figure of 2,101 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.76x ÷ 16%

0.55x

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

  • Yangtze Optical Fibre And Cable Limited is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Yangtze Optical Fibre And Cable Limited's assets?
Raw Data
OTCPK:YZOF.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in CNY CN¥10.97
SEHK:6869 Share Price * SEHK (2018-10-16) in HKD HK$22.6
SEHK:6869 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.877 CN¥19.81
United States of America Communications Industry PB Ratio Median Figure of 67 Publicly-Listed Communications Companies 1.81x
United States of America Market PB Ratio Median Figure of 5,086 Publicly-Listed Companies 1.73x
OTCPK:YZOF.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:6869 Share Price ÷ Book Value per Share (both in CNY)

= 19.81 ÷ 10.97

1.81x

* Primary Listing of Yangtze Optical Fibre And Cable Limited.

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

  • Yangtze Optical Fibre And Cable Limited is good value based on assets compared to the US Communications industry average.
X
Value checks
We assess Yangtze Optical Fibre And Cable Limited'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 Communications 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 Communications industry average (and greater than 0)? (1 check)
  5. Yangtze Optical Fibre And Cable Limited has a total score of 6/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

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

YZOF.F Future Performance

 How is Yangtze Optical Fibre And Cable Limited expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
16%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Yangtze Optical Fibre And Cable Limited expected to grow at an attractive rate?
  • Yangtze Optical Fibre And Cable Limited's earnings growth is expected to exceed the low risk savings rate of 3%.
Growth vs Market Checks
  • Yangtze Optical Fibre And Cable Limited's earnings growth is expected to exceed the United States of America market average.
  • Yangtze Optical Fibre And Cable Limited's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:YZOF.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:YZOF.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 16%
OTCPK:YZOF.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 4.8%
United States of America Communications Industry Earnings Growth Rate Market Cap Weighted Average 19.6%
United States of America Communications Industry Revenue Growth Rate Market Cap Weighted Average 4.7%
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 7.2%

*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:YZOF.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:YZOF.F Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 13,440 3,595 3,272 1
2022-12-31 15,970 4,104 3,824 1
2021-12-31 16,035 3,568 3,771 1
2020-12-31 14,581 2,162 2,399 1
2019-12-31 13,005 2,249 2,063 1
2018-12-31 11,720 1,623 1,721 1
OTCPK:YZOF.F Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-09-30 11,486 1,083 1,575
2018-06-30 11,353 1,191 1,517
2018-03-31 11,009 1,689 1,419
2017-12-31 10,366 1,738 1,268
2017-09-30 9,622 1,228 1,111
2017-06-30 9,079 1,624 923
2017-03-31 8,095 1,161 761
2016-12-31 8,111 1,307 717
2016-09-30 7,735 1,049 669
2016-06-30 7,359 791 621
2016-03-31 7,045 671 596
2015-12-31 6,731 551 571

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Yangtze Optical Fibre And Cable Limited's earnings are expected to grow by 16% yearly, however this is not considered high growth (20% yearly).
  • Yangtze Optical Fibre And Cable Limited's revenue is expected to grow by 4.8% 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:YZOF.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Yangtze Optical Fibre And Cable Limited Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:YZOF.F Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 4.32 4.32 4.32 1.00
2022-12-31 5.05 5.05 5.05 1.00
2021-12-31 4.98 4.98 4.98 1.00
2020-12-31 2.82 3.59 2.55 8.00
2019-12-31 2.55 3.11 2.30 11.00
2018-12-31 2.29 2.44 2.14 9.00
OTCPK:YZOF.F Past Financials Data
Date (Data in CNY Millions) EPS *
2018-09-30 2.26
2018-06-30 2.22
2018-03-31 2.09
2017-12-31 1.86
2017-09-30 1.63
2017-06-30 1.35
2017-03-31 1.11
2016-12-31 1.05
2016-09-30 0.99
2016-06-30 0.94
2016-03-31 0.91
2015-12-31 0.89

*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.
  • Yangtze Optical Fibre And Cable Limited is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Yangtze Optical Fibre And Cable Limited'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.
Yangtze Optical Fibre And Cable Limited 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.

YZOF.F Past Performance

  How has Yangtze Optical Fibre And Cable Limited 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 Yangtze Optical Fibre And Cable Limited's growth in the last year to its industry (Communications).
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.
  • Yangtze Optical Fibre And Cable Limited has delivered over 20% year on year earnings growth in the past 5 years.
  • Yangtze Optical Fibre And Cable Limited's 1-year earnings growth exceeds its 5-year average (41.7% vs 30.9%)
  • Yangtze Optical Fibre And Cable Limited's earnings growth has exceeded the US Communications industry average in the past year (41.7% vs -5.2%).
Earnings and Revenue History
Yangtze Optical Fibre And Cable Limited'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 Yangtze Optical Fibre And Cable Limited Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:YZOF.F Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 11,485.66 1,575.38 1,378.99 54.22
2018-06-30 11,352.70 1,516.51 1,339.13 13.23
2018-03-31 11,008.53 1,419.23 1,266.36
2017-12-31 10,366.08 1,268.35 1,244.54
2017-09-30 9,621.84 1,111.41 863.38 241.74
2017-06-30 9,079.13 923.10 851.66 156.73
2017-03-31 8,095.49 761.03 894.96
2016-12-31 8,111.50 717.09 836.77
2016-09-30 7,735.34 668.80 819.85
2016-06-30 7,359.18 620.50 802.93
2016-03-31 7,045.15 595.61 758.69
2015-12-31 6,731.11 570.72 714.45
2015-09-30 6,411.30 565.60 657.51
2015-06-30 6,091.49 560.48 600.58
2015-03-31 5,884.14 513.41 583.01
2014-12-31 5,676.78 466.34 565.44
2014-09-30 5,571.03 442.17 579.03
2014-06-30 5,465.27 417.99 592.61
2014-03-31 5,145.58 416.52 570.61
2013-12-31 4,825.90 415.04 548.62
2012-12-31 4,777.82 364.79 503.92

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

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

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

YZOF.F Health

 How is Yangtze Optical Fibre And Cable Limited'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 Yangtze Optical Fibre And Cable Limited's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Yangtze Optical Fibre And Cable Limited is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Yangtze Optical Fibre And Cable Limited's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Yangtze Optical Fibre And Cable Limited'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 5.8x 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 Yangtze Optical Fibre And Cable Limited Company Filings, last reported 3 months ago.

OTCPK:YZOF.F Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 8,506.74 1,410.83 2,992.54
2018-06-30 6,193.50 1,473.51 1,223.52
2018-03-31 5,792.87 1,033.75 1,491.72
2017-12-31 5,485.83 978.30 1,841.63
2017-09-30
2017-06-30 4,826.69 1,713.81 1,839.86
2017-03-31 4,423.55 1,756.45 1,676.38
2016-12-31 4,423.55 1,756.45 1,676.38
2016-09-30 4,423.55 1,756.45 1,676.38
2016-06-30 4,001.22 2,572.51 2,043.39
2016-03-31 4,001.22 2,572.51 2,043.39
2015-12-31 3,731.68 2,457.43 2,053.99
2015-09-30 3,731.68 2,457.43 2,053.99
2015-06-30 3,145.53 2,555.60 1,541.74
2015-03-31 3,145.53 2,555.60 1,541.74
2014-12-31 2,911.49 2,484.11 2,024.77
2014-09-30 2,911.49 2,484.11 2,024.77
2014-06-30 1,754.09 2,151.50 527.82
2014-03-31 1,754.09 2,151.50 527.82
2013-12-31 1,509.65 1,622.12 912.32
2012-12-31 1,751.20 1,052.26 305.99
  • Yangtze Optical Fibre And Cable Limited's level of debt (16.6%) 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 (94.3% vs 16.6% today).
  • Debt is well covered by operating cash flow (76.8%, greater than 20% of total debt).
  • Yangtze Optical Fibre And Cable Limited earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Yangtze Optical Fibre And Cable Limited'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. Yangtze Optical Fibre And Cable Limited 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.

YZOF.F Dividends

 What is Yangtze Optical Fibre And Cable Limited'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
5.05%
Current annual income from Yangtze Optical Fibre And Cable Limited dividends. Estimated to be 4.49% next year.
If you bought $2,000 of Yangtze Optical Fibre And Cable Limited shares you are expected to receive $101 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?
  • Yangtze Optical Fibre And Cable Limited's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).
  • Yangtze Optical Fibre And Cable Limited's dividend is above 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:YZOF.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 1 Analyst Estimates (S&P Global) See Below
United States of America Communications Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 2.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1986 Stocks 2.7%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.9%
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:YZOF.F Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 1.51 1.00
2022-12-31 1.77 1.00
2021-12-31 1.74 1.00
2020-12-31 0.86 7.00
2019-12-31 0.62 8.00
2018-12-31 0.73 8.00
OTCPK:YZOF.F Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2018-10-26 1.000 5.372
2018-08-27 1.000 4.815
2018-08-24 1.000 4.240
2018-07-18 0.000 0.000
2018-07-03 0.000 0.000
2018-04-30 0.000 0.000
2017-05-22 0.255 1.199
2016-06-07 0.174 1.510
2015-06-09 0.166 2.316

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

  • Whilst dividend payments have been stable, Yangtze Optical Fibre And Cable Limited has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Yangtze Optical Fibre And Cable Limited only paid a dividend in the past 4 years.
Current Payout to shareholders
What portion of Yangtze Optical Fibre And Cable Limited's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3x coverage).
X
Income/ dividend checks
We assess Yangtze Optical Fibre And Cable Limited's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 Yangtze Optical Fibre And Cable Limited afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Yangtze Optical Fibre And Cable Limited has a total score of 4/6, see the detailed checks below.


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

YZOF.F Management

 What is the CEO of Yangtze Optical Fibre And Cable Limited'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
Dan Zhuang
COMPENSATION CN¥6,017,515
AGE 48
TENURE AS CEO 7.3 years
CEO Bio

Mr. Zhuang Dan has been the President of Yangtze Optical Fibre And Cable Joint Stock Limited Company since September 2011. Mr. Dan served as Chief Financial Officer of Yangtze Optical Fibre and Cable Co., Ltd. He has been an Executive Director of Yangtze Optical Fibre And Cable Joint Stock Limited Company since January 24, 2017. He obtained a bachelor's degree in auditing from Wuhan University in July 1992, a master's degree in accounting from Wuhan University in June 1995, a doctorate in accounting from Zhongnan University of Finance and Economics in June 1998 and a postdoctoral certificate in business administration from Shanghai University of Finance and Economics in April 2001.

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

Average tenure and age of the Yangtze Optical Fibre And Cable Limited management team in years:

6.2
Average Tenure
53
Average Age
  • The average tenure for the Yangtze Optical Fibre And Cable Limited management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Dan Zhuang

TITLE
President & Executive Director
COMPENSATION
CN¥6M
AGE
48
TENURE
7.3 yrs

Frank Dorjee

TITLE
Vice Chairman
COMPENSATION
CN¥466K
AGE
58

Paul Liang

TITLE
CFO & GM of the Financial Center
AGE
38

Changkun Yan

TITLE
VP & GM of the Operation
AGE
55

Jie Luo

TITLE
CTO, GM of R&D center and Director of State Key Laboratory
AGE
52
TENURE
8.9 yrs

Zhikang Jiang

TITLE
Chief Marketing & Strategic Officer and GM of the Manufacturing Center
COMPENSATION
CN¥1M
AGE
56

Xin Zheng

TITLE
Chief Sales Officer & GM of the Sales Center
AGE
49
TENURE
2 yrs

Rongrong Zhou

TITLE
Human Resources Director

Mu Zhang

TITLE
Deputy General Manager and General Manager of Strategic Center
AGE
63

Jan Bongaerts

TITLE
vice president
AGE
53
TENURE
5 yrs
Board of Directors Tenure

Average tenure and age of the Yangtze Optical Fibre And Cable Limited board of directors in years:

4.3
Average Tenure
55
Average Age
  • The tenure for the Yangtze Optical Fibre And Cable Limited board of directors is about average.
Board of Directors

Jie Ma

TITLE
Chairman of the Board
COMPENSATION
CN¥466K
AGE
47
TENURE
2 yrs

Dan Zhuang

TITLE
President & Executive Director
COMPENSATION
CN¥6M
AGE
48
TENURE
2 yrs

Frank Dorjee

TITLE
Vice Chairman
COMPENSATION
CN¥466K
AGE
58

Philippe Vanhille

TITLE
Vice Chairman
COMPENSATION
CN¥466K
AGE
54
TENURE
2 yrs

Maurice Ngai

TITLE
Independent Non Executive Director
COMPENSATION
CN¥466K
AGE
56
TENURE
4.3 yrs

Ping Li

TITLE
Independent Non Executive Director
COMPENSATION
CN¥466K
AGE
64
TENURE
4.3 yrs

Wang Ruichun

TITLE
Chairman of the Board of Supervisors
AGE
42
TENURE
2 yrs

Huili Zheng

TITLE
Non Executive Director
COMPENSATION
CN¥466K
AGE
59
TENURE
5.1 yrs

Xiangfeng Xiong

TITLE
Non Executive Director
COMPENSATION
CN¥466K
AGE
54
TENURE
5.1 yrs

Simon Ip

TITLE
Independent Non Executive Director
COMPENSATION
CN¥466K
AGE
69
TENURE
4.3 yrs
Who owns this company?
Recent Insider Trading
  • Yangtze Optical Fibre And Cable Limited insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
26. Dec 18 Sell Frank Dorjee Individual 21. Dec 18 21. Dec 18 -120,000 $2.64 $-317,160
26. Oct 18 Buy Capital Research and Management Company Company 24. Oct 18 24. Oct 18 150,000 $2.67 $400,565
X
Management checks
We assess Yangtze Optical Fibre And Cable Limited'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. Yangtze Optical Fibre And Cable Limited 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.

YZOF.F News

External News
Loading...
Simply Wall St News

YZOF.F Company Info

Map
Description

Yangtze Optical Fibre And Cable Joint Stock Limited Company manufactures and sells optical fiber and cable products in the People’s Republic of China and internationally. The company operates through Optical Fibres and Optical Fibre Preforms, and Optical Fibre Cables segments. It offers optical fiber preforms, optical fibers, and optical fiber cables; and specialty optical fibers and cables, including specialty integration systems, as well as trades in raw materials. The company also provides adapter panels, optical distribution frames, plug-and-play modules, trunk cables, splitters, ribbon/bundle pigtails, jumpers, and terminal boxes, as well as optical fiber connectors, adapters, and attenuators. In addition, it offers communications and management solutions software. The company serves telecommunications, utilities, transportation, petrochemical, and healthcare industries. Yangtze Optical Fibre And Cable Joint Stock Limited Company was founded in 1988 and is headquartered in Wuhan, the People’s Republic of China.

Details
Name: Yangtze Optical Fibre And Cable Joint Stock Limited Company
YZOF.F
Exchange: OTCPK
Founded: 1988
HK$3,219,021,373
757,905,108
Website: http://www.yofc.com
Address: Yangtze Optical Fibre And Cable Joint Stock Limited Company
No. 9 Guanggu Avenue,
East Lake High-tech Development Zone,
Wuhan,
Hubei Province, 430073,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 6869 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong Ltd. HK HKD 10. Dec 2014
OTCPK YZOF.F Foreign Shares-Foreign Listed Pink Sheets LLC US USD 10. Dec 2014
DB 1YO Foreign Shares-Foreign Listed Deutsche Boerse AG DE EUR 10. Dec 2014
SHSC 6869 Foreign Shares-Foreign Listed Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 10. Dec 2014
SZSC 6869 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 10. Dec 2014
SHSE 601869 Domestic Shares Shanghai Stock Exchange CN CNY 20. Jul 2018
XSSC 601869 Domestic Shares Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect CN CNY 20. Jul 2018
Number of employees
Current staff
Staff numbers
4,075
Yangtze Optical Fibre And Cable Limited employees.
Industry
Communications Equipment
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/01/12 00:53
End of day share price update: 2018/10/16 00:00
Last estimates confirmation: 2018/12/21
Last earnings filing: 2018/10/26
Last earnings reported: 2018/09/30
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.