Loading...

We've got a brand new version of Simply Wall St! Try it out

Dongfang Modern Agriculture Holding Group

ASX:DFM
Snowflake Description

Undervalued with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DFM
ASX
A$349M
Market Cap
  1. Home
  2. AU
  3. Food, Beverage & Tobacco
Company description

Dongfang Modern Agriculture Holding Group Limited engages in the cultivation and sale of various agricultural produce in the People's Republic of China. The last earnings update was 157 days ago. More info.


Add to Portfolio Compare Print
DFM Share Price and Events
7 Day Returns
0%
ASX:DFM
3.2%
AU Food
1.7%
AU Market
1 Year Returns
-17.8%
ASX:DFM
-20.2%
AU Food
2.5%
AU Market
DFM Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Dongfang Modern Agriculture Holding Group (DFM) 0% 0% -1.8% -17.8% -20.2% -
AU Food 3.2% -6.5% -4.6% -20.2% -11.9% 16.5%
AU Market 1.7% -2.4% 3.6% 2.5% 18.2% 9.4%
1 Year Return vs Industry and Market
  • DFM outperformed the Food industry which returned -20.2% over the past year.
  • DFM underperformed the Market in Australia which returned 2.5% over the past year.
Price Volatility
DFM
Industry
5yr Volatility vs Market

DFM Value

 Is Dongfang Modern Agriculture Holding Group 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 Dongfang Modern Agriculture Holding Group 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 Dongfang Modern Agriculture Holding Group.

ASX:DFM Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 7.1%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.3%

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 ASX:DFM
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Food Unlevered Beta Simply Wall St/ S&P Global 0.55
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.555 (1 + (1- 30%) (15.75%))
0.743
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)
= 2.31% + (0.8 * 5.96%)
7.08%

Discounted Cash Flow Calculation for ASX:DFM using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Dongfang Modern Agriculture Holding Group 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.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

ASX:DFM DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 7.08%)
2020 89.15 Est @ 97.53% 83.26
2021 150.64 Est @ 68.97% 131.38
2022 224.41 Est @ 48.97% 182.77
2023 302.89 Est @ 34.97% 230.38
2024 379.14 Est @ 25.17% 269.31
2025 448.58 Est @ 18.32% 297.57
2026 509.21 Est @ 13.51% 315.45
2027 560.91 Est @ 10.15% 324.51
2028 604.67 Est @ 7.8% 326.70
2029 641.89 Est @ 6.15% 323.87
Present value of next 10 years cash flows CN¥2,485.00
ASX:DFM DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥641.89 × (1 + 2.31%) ÷ (7.08% – 2.31%)
CN¥13,773.62
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥13,773.62 ÷ (1 + 7.08%)10
CN¥6,949.67
ASX:DFM Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥2,485.00 + CN¥6,949.67
CN¥9,434.67
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥9,434.67 / 420.36
CN¥22.44
ASX:DFM Discount to Share Price
Calculation Result
Exchange Rate CNY/AUD
(Reporting currency to currency of ASX:DFM)
0.206
Value per Share
(AUD)
= Value per Share in CNY x Exchange Rate (CNY/AUD)
= CN¥22.44 x 0.206
A$4.63
Value per share (AUD) From above. A$4.63
Current discount Discount to share price of A$0.83
= -1 x (A$0.83 - A$4.63) / A$4.63
82.1%

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

Current Discount
Amount off the current price Dongfang Modern Agriculture Holding Group is available for.
Intrinsic value
>50%
Share price is A$0.83 vs Future cash flow value of A$4.63
Current Discount Checks
For Dongfang Modern Agriculture Holding Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Dongfang Modern Agriculture Holding Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Dongfang Modern Agriculture Holding Group'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 Dongfang Modern Agriculture Holding Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Dongfang Modern Agriculture Holding Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:DFM PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥0.96
ASX:DFM Share Price ** ASX (2019-06-07) in AUD A$0.83
ASX:DFM Share Price converted to CNY reporting currency Exchange rate (AUD/ CNY) 4.848 CN¥4.02
Australia Food Industry PE Ratio Median Figure of 21 Publicly-Listed Food Companies 20.14x
Australia Market PE Ratio Median Figure of 549 Publicly-Listed Companies 17.14x

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

** Primary Listing of Dongfang Modern Agriculture Holding Group.

ASX:DFM PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:DFM Share Price ÷ EPS (both in CNY)

= 4.02 ÷ 0.96

4.17x

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

  • Dongfang Modern Agriculture Holding Group is good value based on earnings compared to the AU Food industry average.
  • Dongfang Modern Agriculture Holding Group is good value based on earnings compared to the Australia market.
Price based on expected Growth
Does Dongfang Modern Agriculture Holding Group's expected growth come at a high price?
Raw Data
ASX:DFM PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.17x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-5.9%per year
Australia Food Industry PEG Ratio Median Figure of 13 Publicly-Listed Food Companies 1.81x
Australia Market PEG Ratio Median Figure of 352 Publicly-Listed Companies 1.61x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Dongfang Modern Agriculture Holding Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Dongfang Modern Agriculture Holding Group's assets?
Raw Data
ASX:DFM PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥6.76
ASX:DFM Share Price * ASX (2019-06-07) in AUD A$0.83
ASX:DFM Share Price converted to CNY reporting currency Exchange rate (AUD/ CNY) 4.848 CN¥4.02
Australia Food Industry PB Ratio Median Figure of 43 Publicly-Listed Food Companies 1.24x
Australia Market PB Ratio Median Figure of 1,686 Publicly-Listed Companies 1.72x
ASX:DFM PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:DFM Share Price ÷ Book Value per Share (both in CNY)

= 4.02 ÷ 6.76

0.59x

* Primary Listing of Dongfang Modern Agriculture Holding Group.

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

  • Dongfang Modern Agriculture Holding Group is good value based on assets compared to the AU Food industry average.
X
Value checks
We assess Dongfang Modern Agriculture Holding Group'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 Food 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 Food industry average (and greater than 0)? (1 check)
  5. Dongfang Modern Agriculture Holding Group 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.

DFM Future Performance

 How is Dongfang Modern Agriculture Holding Group expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Dongfang Modern Agriculture Holding Group, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-5.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Dongfang Modern Agriculture Holding Group expected to grow at an attractive rate?
  • Dongfang Modern Agriculture Holding Group's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Dongfang Modern Agriculture Holding Group's earnings are expected to decrease over the next 1-3 years, this is below the Australia market average.
  • Unable to compare Dongfang Modern Agriculture Holding Group's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:DFM Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:DFM Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -5.9%
Australia Food Industry Earnings Growth Rate Market Cap Weighted Average 37.5%
Australia Food Industry Revenue Growth Rate Market Cap Weighted Average 8.8%
Australia Market Earnings Growth Rate Market Cap Weighted Average 9.9%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

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

Analysts growth expectations
Raw Data
ASX:DFM Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (8 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:DFM Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 1,173 510 405
2018-09-30 1,120 422 422
2018-06-30 1,067 335 439
2018-03-31 1,065 362 453
2017-12-31 1,063 389 467
2017-09-30 1,044 342 454
2017-06-30 1,025 294 440
2017-03-31 1,025 186 435
2016-12-31 1,025 79 431
2016-09-30 979 410
2016-06-30 934 366 390
2016-03-31 934 372 396

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Dongfang Modern Agriculture Holding Group's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Dongfang Modern Agriculture Holding Group is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:DFM 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 0 Analyst Estimates (S&P Global) See Below

All data from Dongfang Modern Agriculture Holding Group Company Filings, last reported 8 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:DFM Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 0.96
2018-09-30 0.96
2018-06-30 0.95
2018-03-31 1.05
2017-12-31 1.16
2017-09-30 1.19
2017-06-30 1.23
2017-03-31 1.16
2016-12-31 1.10
2016-09-30 1.06
2016-06-30 1.03
2016-03-31 1.07

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Dongfang Modern Agriculture Holding Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Dongfang Modern Agriculture Holding Group'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 Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia 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.
Dongfang Modern Agriculture Holding Group has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

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

DFM Past Performance

  How has Dongfang Modern Agriculture Holding Group 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 Dongfang Modern Agriculture Holding Group's growth in the last year to its industry (Food).
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.
  • Dongfang Modern Agriculture Holding Group's year on year earnings growth rate has been positive over the past 5 years.
  • Dongfang Modern Agriculture Holding Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Dongfang Modern Agriculture Holding Group's 1-year earnings growth is negative, it can't be compared to the AU Food industry average.
Earnings and Revenue History
Dongfang Modern Agriculture Holding Group'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 Dongfang Modern Agriculture Holding Group Company Filings, last reported 8 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:DFM Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,173.39 405.18 37.96
2018-09-30 1,120.36 421.85 28.86
2018-06-30 1,067.34 438.52 19.76
2018-03-31 1,065.05 452.83 17.12
2017-12-31 1,062.77 467.14 14.48
2017-09-30 1,043.85 453.51 14.39
2017-06-30 1,024.93 439.87 14.29
2017-03-31 1,024.95 435.27 13.75
2016-12-31 1,024.96 430.67 13.20
2016-09-30 979.47 410.37 16.15
2016-06-30 933.97 390.08 19.11
2016-03-31 933.96 395.76 18.44
2015-12-31 933.95 401.44 17.78
2015-09-30 837.71 372.88 13.77
2015-06-30 741.47 376.05 6.70
2015-03-31 741.47 379.30 5.20
2014-12-31 741.47 382.56 3.71
2013-12-31 599.59 259.93 12.69
2012-12-31 333.17 133.56 12.26

*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.
  • Dongfang Modern Agriculture Holding Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Dongfang Modern Agriculture Holding Group used its assets more efficiently than the AU Food industry average last year based on Return on Assets.
  • Dongfang Modern Agriculture Holding Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Dongfang Modern Agriculture Holding Group'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 Food 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.
Dongfang Modern Agriculture Holding Group 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.

DFM Health

 How is Dongfang Modern Agriculture Holding Group'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 Dongfang Modern Agriculture Holding Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Dongfang Modern Agriculture Holding Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Dongfang Modern Agriculture Holding Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Dongfang Modern Agriculture Holding Group'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 4.3x 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 Dongfang Modern Agriculture Holding Group Company Filings, last reported 8 months ago.

ASX:DFM Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 2,864.69 263.04 395.23
2018-09-30 2,864.69 263.04 395.23
2018-06-30 2,423.13 247.18 217.36
2018-03-31 2,423.13 247.18 217.36
2017-12-31 2,420.99 68.54 383.13
2017-09-30 2,420.99 68.54 383.13
2017-06-30 1,855.33 65.36 157.41
2017-03-31 1,855.33 65.36 157.41
2016-12-31 1,967.49 0.00 377.44
2016-09-30 1,967.49 0.00 377.44
2016-06-30 1,513.35 0.00 236.55
2016-03-31 1,513.35 0.00 236.55
2015-12-31 1,583.80 0.00 632.23
2015-09-30 1,629.31 0.00 632.23
2015-06-30 1,075.12 4.60 199.35
2015-03-31 1,075.12 4.60 199.35
2014-12-31 1,065.03 0.00 288.88
2013-12-31
2012-12-31
  • Dongfang Modern Agriculture Holding Group's level of debt (9.2%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Dongfang Modern Agriculture Holding Group's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (193.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 20.3x coverage).
X
Financial health checks
We assess Dongfang Modern Agriculture Holding Group'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. Dongfang Modern Agriculture Holding Group has a total score of 5/6, 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.

DFM Dividends

 What is Dongfang Modern Agriculture Holding Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Dongfang Modern Agriculture Holding Group dividends.
If you bought A$2,000 of Dongfang Modern Agriculture Holding Group shares you are expected to receive A$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Dongfang Modern Agriculture Holding Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Dongfang Modern Agriculture Holding Group's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:DFM Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Australia Food Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 3.2%
Australia Market Average Dividend Yield Market Cap Weighted Average of 405 Stocks 4.2%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.6%
Australia Bottom 25% Dividend Yield 25th Percentile 2.5%
Australia Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

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

ASX:DFM Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2018-08-29 0.000 0.000
2018-03-29 0.000 0.000
2018-02-28 0.000 0.000
2017-03-28 0.246 6.051
2016-03-30 0.236 4.535
2016-02-29 0.234 3.118

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

  • Unable to perform a dividend volatility check as Dongfang Modern Agriculture Holding Group has not reported any payouts.
  • Unable to verify if Dongfang Modern Agriculture Holding Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Dongfang Modern Agriculture Holding Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Dongfang Modern Agriculture Holding Group has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Dongfang Modern Agriculture Holding Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - 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 Dongfang Modern Agriculture Holding Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Dongfang Modern Agriculture Holding Group has a total score of 0/6, see the detailed checks below.


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

DFM Management

 What is the CEO of Dongfang Modern Agriculture Holding Group'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.
  • Dongfang Modern Agriculture Holding Group has no CEO, or we have no data on them.
Management Team

Hongwei Cai

TITLE
Executive Chairman
COMPENSATION
CN¥4M
AGE
33

Edward Yuen

TITLE
Chief Financial Officer
AGE
45
TENURE
3.5 yrs
Board of Directors

Hongwei Cai

TITLE
Executive Chairman
COMPENSATION
CN¥4M
AGE
33
TENURE
4.5 yrs

Lin Shengli

TITLE
Director
COMPENSATION
CN¥133K
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
30. May 19 Buy Hongwei Cai Individual 28. May 19 28. May 19 329,832 A$0.83 A$274,750
27. May 19 Buy Hongwei Cai Individual 24. May 19 24. May 19 5,000,000 A$0.85 A$4,224,999
15. May 19 Buy Hongwei Cai Individual 15. May 19 15. May 19 322,000 A$0.84 A$270,480
17. Apr 19 Buy Hongwei Cai Individual 16. Apr 19 16. Apr 19 5,000,000 A$0.91 A$4,550,002
20. Mar 19 Buy Hongwei Cai Individual 19. Mar 19 19. Mar 19 27,800 A$0.93 A$25,854
03. Jan 19 Buy Hongwei Cai Individual 02. Jan 19 02. Jan 19 1,000,000 A$0.93 A$930,000
03. Jan 19 Buy Hongwei Cai Individual 02. Jan 19 02. Jan 19 20,000 A$0.93 A$18,600
30. Dec 18 Buy Hongwei Cai Individual 31. Dec 18 31. Dec 18 131,614 A$0.93 A$122,401
18. Dec 18 Buy Hongwei Cai Individual 18. Dec 18 18. Dec 18 13,271 A$0.95 A$12,607
12. Dec 18 Buy Hongwei Cai Individual 11. Dec 18 11. Dec 18 149,481 A$0.95 A$142,007
25. Nov 18 Buy Hongwei Cai Individual 22. Nov 18 22. Nov 18 4,000,000 A$0.96 A$3,840,002
15. Nov 18 Buy Hongwei Cai Individual 15. Nov 18 15. Nov 18 322,925 A$0.98 A$316,466
08. Nov 18 Buy Hongwei Cai Individual 07. Nov 18 07. Nov 18 373,564 A$0.99 A$369,828
15. Oct 18 Buy Hongwei Cai Individual 15. Oct 18 15. Oct 18 6,000,000 A$1.01 A$6,060,000
13. Sep 18 Buy Hongwei Cai Individual 10. Sep 18 10. Sep 18 110,000 A$1.01 A$110,550
10. Sep 18 Buy Hongwei Cai Individual 07. Sep 18 07. Sep 18 436,979 A$1.01 A$440,912
X
Management checks
We assess Dongfang Modern Agriculture Holding Group'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. Dongfang Modern Agriculture Holding Group 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.

DFM News

Simply Wall St News

Can Dongfang Modern Agriculture Holding Group Limited's (ASX:DFM) ROE Continue To Surpass The Industry Average?

To keep the lesson grounded in practicality, we'll use ROE to better understand Dongfang Modern Agriculture Holding Group Limited (ASX:DFM). … Dongfang Modern Agriculture Holding Group has a ROE of 18%, based on the last twelve months. … Check out our latest analysis for Dongfang Modern Agriculture Holding Group?

Simply Wall St -

Who Owns Dongfang Modern Agriculture Holding Group Limited (ASX:DFM)?

I am going to take a deep dive into Dongfang Modern Agriculture Holding Group Limited’s (ASX:DFM) most recent ownership structure, not a frequent subject of discussion among individual investors. … Ownership structure has been found to have an impact on shareholder returns in both short- and long-term. … See our latest analysis for Dongfang Modern Agriculture Holding Group

Simply Wall St -

How Did Dongfang Modern Agriculture Holding Group Limited's (ASX:DFM) 19.30% ROE Fare Against The Industry?

and want to better understand how you can grow your money by investing in Dongfang Modern Agriculture Holding Group Limited (ASX:DFM). … Dongfang Modern Agriculture Holding Group Limited (ASX:DFM) outperformed the agricultural products industry on the basis of its ROE – producing a higher 19.30% relative to the peer average of 10.38% over the past 12 months. … Check out our latest analysis for Dongfang Modern Agriculture Holding Group

Simply Wall St -

How Dongfang Modern Agriculture Holding Group Limited (ASX:DFM) Can Impact Your Portfolio Volatility

Based on this beta value, DFM appears to be a stock that an investor with a high-beta portfolio would look for to reduce risk exposure to the market. … How DFM's assets could affect its beta An asset-heavy company tends to have a higher beta because the risk associated with running fixed assets during a downturn is highly expensive. … As a result, this aspect of DFM indicates a higher beta than a similar size company with a lower portion of fixed assets on their balance sheet.

Simply Wall St -

Should You Be Tempted To Buy Dongfang Modern Agriculture Holding Group Limited (ASX:DFM) Because Of Its PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for DFM Price per share = CN¥6.69 Earnings per share = CN¥1.156 ∴ Price-Earnings Ratio = CN¥6.69 ÷ CN¥1.156 = 5.8x The P/E ratio itself doesn’t tell you a lot; however, it becomes very insightful when you compare it with other similar companies. … Ultimately, our goal is to compare the stock’s P/E ratio to the average of companies that have similar attributes to DFM, such as company lifetime and products sold. … For example, if you accidentally compared higher growth firms with DFM, then DFM’s P/E would naturally be lower since investors would reward its peers’ higher growth with a higher price.

Simply Wall St -

How Did Dongfang Modern Agriculture Holding Group Limited's (ASX:DFM) 19.30% ROE Fare Against The Industry?

Check out our latest analysis for Dongfang Modern Agriculture Holding Group Breaking down Return on Equity Return on Equity (ROE) is a measure of Dongfang Modern Agriculture Holding Group’s profit relative to its shareholders’ equity. … Return on Equity = Net Profit ÷ Shareholders Equity ROE is measured against cost of equity in order to determine the efficiency of Dongfang Modern Agriculture Holding Group’s equity capital deployed. … Dongfang Modern Agriculture Holding Group’s above-industry ROE is encouraging, and is also in excess of its cost of equity.

Simply Wall St -

Where Dongfang Modern Agriculture Holding Group Limited (ASX:DFM) Stands In Terms Of Earnings Growth Against Its Industry

See our latest analysis for Dongfang Modern Agriculture Holding Group How Did DFM's Recent Performance Stack Up Against Its Past? … For Dongfang Modern Agriculture Holding Group, its most recent bottom-line (trailing twelve month) is CN¥467.14M, which, relative to the prior year's figure, has grown by a somewhat unexciting 8.47%. … Given that these figures are somewhat short-term thinking, I have estimated an annualized five-year figure for DFM's earnings, which stands at CN¥381.89M This means that, generally, Dongfang Modern Agriculture Holding Group has been able to steadily raise its net income over the last few years as well.

Simply Wall St -

Does Dongfang Modern Agriculture Holding Group Limited's (ASX:DFM) PE Ratio Warrant A Buy?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for DFM Price per share = CN¥3.97 Earnings per share = CN¥1.229 ∴ Price-Earnings Ratio = CN¥3.97 ÷ CN¥1.229 = 3.2x The P/E ratio isn’t a metric you view in isolation and only becomes useful when you compare it against other similar companies. … For example, if you are inadvertently comparing lower risk firms with DFM, then DFM’s P/E would naturally be lower than its peers, since investors would value those with lower risk with a higher price. … In this case, DFM’s P/E would be lower since investors would also reward its peers’ higher growth with a higher price.

Simply Wall St -

DFM Company Info

Description

Dongfang Modern Agriculture Holding Group Limited engages in the cultivation and sale of various agricultural produce in the People's Republic of China. The company produces citrus fruit tangerines, pomelos, navel oranges, and camellia fruits and related products. It also manufactures and sells food supplements in Australia. The company controls 23 plantations spanning approximately 11,641 hectares in the Ganzhou City District within the Jiangxi Province. Dongfang Modern Agriculture Holding Group Limited sells its products primarily to wholesale customers. The company was founded in 2005 and is based in Brisbane, Australia.

Details
Name: Dongfang Modern Agriculture Holding Group Limited
DFM
Exchange: ASX
Founded: 2005
A$348,896,014
420,356,644
Website: http://www.dfm.net.au
Address: Dongfang Modern Agriculture Holding Group Limited
12 Creek Street,
Level 18,
Brisbane,
Queensland, 4000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX DFM Ordinary Shares Australian Securities Exchange AU AUD 19. Oct 2015
CHIA DFM Ordinary Shares Chi-X Australia AU AUD 19. Oct 2015
Number of employees
Current staff
Staff numbers
0
Dongfang Modern Agriculture Holding Group employees.
Industry
Agricultural Products
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/09/04 10:37
End of day share price update: 2019/06/07 00:00
Last earnings filing: 2019/03/31
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.