Loading...

You're on the old version of Simply Wall St. We will no longer be supporting this site, so we recommend you switch to our brand new platform.

Shandong Swan CottonIndustrial Machinery StockLtd

SHSE:603029
Snowflake Description

Excellent balance sheet with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
603029
SHSE
CN¥1B
Market Cap
  1. Home
  2. CN
  3. Capital Goods
Company description

Shandong Swan CottonIndustrial Machinery Stock Co.,Ltd. The last earnings update was 152 days ago. More info.


Add to Portfolio Compare Print
603029 Share Price and Events
7 Day Returns
1.6%
SHSE:603029
0.5%
CN Machinery
-0%
CN Market
1 Year Returns
-11.5%
SHSE:603029
-11.1%
CN Machinery
-4.5%
CN Market
603029 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Shandong Swan CottonIndustrial Machinery StockLtd (603029) 1.6% 8.7% -1.8% -11.5% -67.2% -
CN Machinery 0.5% -9.1% -4.3% -11.1% -32.6% -42%
CN Market -0% -9.3% -3.1% -4.5% -14.2% -23.2%
1 Year Return vs Industry and Market
  • 603029 matched the Machinery industry (-11.1%) over the past year.
  • 603029 underperformed the Market in China which returned -4.5% over the past year.
Price Volatility
603029
Industry
5yr Volatility vs Market

Value

 Is Shandong Swan CottonIndustrial Machinery StockLtd 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 Shandong Swan CottonIndustrial Machinery StockLtd 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 Shandong Swan CottonIndustrial Machinery StockLtd.

SHSE:603029 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 9.4%
Perpetual Growth Rate 10-Year CN Government Bond Rate 3.2%

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 SHSE:603029
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CN Govt Bond Rate 3.2%
Equity Risk Premium S&P Global 6.3%
Machinery Unlevered Beta Simply Wall St/ S&P Global 0.96
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.961 (1 + (1- 25%) (2.24%))
0.985
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.98
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.2% + (0.985 * 6.33%)
9.43%

Discounted Cash Flow Calculation for SHSE:603029 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Shandong Swan CottonIndustrial Machinery StockLtd 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.

SHSE:603029 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 9.43%)
2020 18.32 Est @ 40.11% 16.74
2021 23.64 Est @ 29.04% 19.74
2022 28.67 Est @ 21.29% 21.87
2023 33.21 Est @ 15.86% 23.16
2024 37.22 Est @ 12.06% 23.71
2025 40.72 Est @ 9.4% 23.71
2026 43.79 Est @ 7.54% 23.30
2027 46.52 Est @ 6.24% 22.62
2028 49.00 Est @ 5.33% 21.77
2029 51.30 Est @ 4.69% 20.83
Present value of next 10 years cash flows CN¥217.00
SHSE:603029 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥51.30 × (1 + 3.2%) ÷ (9.43% – 3.2%)
CN¥849.36
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥849.36 ÷ (1 + 9.43%)10
CN¥344.84
SHSE:603029 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥217.00 + CN¥344.84
CN¥561.84
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥561.84 / 93.34
CN¥6.02
SHSE:603029 Discount to Share Price
Calculation Result
Value per share (CNY) From above. CN¥6.02
Current discount Discount to share price of CN¥14.37
= -1 x (CN¥14.37 - CN¥6.02) / CN¥6.02
-138.7%

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

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

The amount the stock market is willing to pay for Shandong Swan CottonIndustrial Machinery StockLtd's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Shandong Swan CottonIndustrial Machinery StockLtd's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SHSE:603029 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in CNY CN¥0.24
SHSE:603029 Share Price ** SHSE (2020-03-27) in CNY CN¥14.37
China Machinery Industry PE Ratio Median Figure of 273 Publicly-Listed Machinery Companies 36.5x
China Market PE Ratio Median Figure of 3,186 Publicly-Listed Companies 32.75x

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

** Primary Listing of Shandong Swan CottonIndustrial Machinery StockLtd.

SHSE:603029 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SHSE:603029 Share Price ÷ EPS (both in CNY)

= 14.37 ÷ 0.24

60.79x

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

  • Shandong Swan CottonIndustrial Machinery StockLtd is overvalued based on earnings compared to the CN Machinery industry average.
  • Shandong Swan CottonIndustrial Machinery StockLtd is overvalued based on earnings compared to the China market.
Price based on expected Growth
Does Shandong Swan CottonIndustrial Machinery StockLtd's expected growth come at a high price?
Raw Data
SHSE:603029 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 60.79x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
China Machinery Industry PEG Ratio Median Figure of 82 Publicly-Listed Machinery Companies 1.12x
China Market PEG Ratio Median Figure of 1,271 Publicly-Listed Companies 1.24x

*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 Shandong Swan CottonIndustrial Machinery StockLtd, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Shandong Swan CottonIndustrial Machinery StockLtd's assets?
Raw Data
SHSE:603029 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in CNY CN¥7.63
SHSE:603029 Share Price * SHSE (2020-03-27) in CNY CN¥14.37
China Machinery Industry PB Ratio Median Figure of 320 Publicly-Listed Machinery Companies 2.35x
China Market PB Ratio Median Figure of 3,684 Publicly-Listed Companies 2.29x
SHSE:603029 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SHSE:603029 Share Price ÷ Book Value per Share (both in CNY)

= 14.37 ÷ 7.63

1.88x

* Primary Listing of Shandong Swan CottonIndustrial Machinery StockLtd.

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

  • Shandong Swan CottonIndustrial Machinery StockLtd is good value based on assets compared to the CN Machinery industry average.
X
Value checks
We assess Shandong Swan CottonIndustrial Machinery StockLtd'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 Machinery 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 Machinery industry average (and greater than 0)? (1 check)
  5. Shandong Swan CottonIndustrial Machinery StockLtd has a total score of 1/6, see the detailed checks below.

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

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

Future Performance

 How is Shandong Swan CottonIndustrial Machinery StockLtd expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Shandong Swan CottonIndustrial Machinery StockLtd has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
19.6%
Expected Machinery industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Shandong Swan CottonIndustrial Machinery StockLtd expected to grow at an attractive rate?
  • Unable to compare Shandong Swan CottonIndustrial Machinery StockLtd's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Shandong Swan CottonIndustrial Machinery StockLtd's earnings growth to the China market average as no estimate data is available.
  • Unable to compare Shandong Swan CottonIndustrial Machinery StockLtd's revenue growth to the China market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SHSE:603029 Future Growth Rates Data Sources
Data Point Source Value (per year)
China Machinery Industry Earnings Growth Rate Market Cap Weighted Average 19.6%
China Machinery Industry Revenue Growth Rate Market Cap Weighted Average 15.6%
China Market Earnings Growth Rate Market Cap Weighted Average 21%
China Market Revenue Growth Rate Market Cap Weighted Average 15.8%

*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
SHSE:603029 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 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.
SHSE:603029 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-09-30 386 32 18
2019-06-30 386 -15 13
2019-03-31 357 -45 10
2018-12-31 332 -24 15
2018-09-30 331 -61 9
2018-06-30 301 -51 7
2018-03-31 316 -35 10
2017-12-31 307 -43 11
2017-09-30 220 -22 8
2017-06-30 206 -4 17
2017-03-31 233 0 27
2016-12-31 252 32 28

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Shandong Swan CottonIndustrial Machinery StockLtd is high growth as no earnings estimate data is available.
  • Unable to determine if Shandong Swan CottonIndustrial Machinery StockLtd 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
SHSE:603029 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Shandong Swan CottonIndustrial Machinery StockLtd Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SHSE:603029 Past Financials Data
Date (Data in CNY Millions) EPS *
2019-09-30 0.24
2019-06-30 0.14
2019-03-31 0.11
2018-12-31 0.16
2018-09-30 0.09
2018-06-30 0.08
2018-03-31 0.11
2017-12-31 0.12
2017-09-30 0.08
2017-06-30 0.18
2017-03-31 0.30
2016-12-31 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.
  • Unable to establish if Shandong Swan CottonIndustrial Machinery StockLtd will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Shandong Swan CottonIndustrial Machinery StockLtd's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Shandong Swan CottonIndustrial Machinery StockLtd's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Capital Goods companies here
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Shandong Swan CottonIndustrial Machinery StockLtd'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 China market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the China 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.
Shandong Swan CottonIndustrial Machinery StockLtd 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.

Past Performance

  How has Shandong Swan CottonIndustrial Machinery StockLtd 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 Shandong Swan CottonIndustrial Machinery StockLtd's growth in the last year to its industry (Machinery).
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.
  • Shandong Swan CottonIndustrial Machinery StockLtd's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Shandong Swan CottonIndustrial Machinery StockLtd's 1-year earnings growth exceeds its 5-year average (106.6% vs -39.3%)
  • Shandong Swan CottonIndustrial Machinery StockLtd's earnings growth has exceeded the CN Machinery industry average in the past year (106.6% vs 10%).
Earnings and Revenue History
Shandong Swan CottonIndustrial Machinery StockLtd'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 Shandong Swan CottonIndustrial Machinery StockLtd Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SHSE:603029 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 386.46 18.47 122.54 28.26
2019-06-30 385.98 12.55 114.37 24.76
2019-03-31 356.66 9.98 103.35 22.01
2018-12-31 332.30 15.10 96.71 19.54
2018-09-30 330.67 8.94 101.53 20.93
2018-06-30 300.62 7.14 83.91 25.89
2018-03-31 316.29 10.36 96.43 21.10
2017-12-31 307.14 11.03 92.48 18.52
2017-09-30 219.95 7.54 67.95 11.94
2017-06-30 205.75 16.65 90.15
2017-03-31 233.37 27.32 78.57
2016-12-31 251.53 28.14 84.53
2016-09-30 294.96 34.45 81.43
2016-06-30 325.34 36.68 73.41
2016-03-31 380.67 39.62 90.41
2015-12-31 378.59 39.92 89.43
2014-12-31 543.75 48.03 113.72
2013-12-31 557.51 49.04 130.03

*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.
  • Shandong Swan CottonIndustrial Machinery StockLtd has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Shandong Swan CottonIndustrial Machinery StockLtd used its assets less efficiently than the CN Machinery industry average last year based on Return on Assets.
  • Shandong Swan CottonIndustrial Machinery StockLtd's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Shandong Swan CottonIndustrial Machinery StockLtd'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 Machinery 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.
Shandong Swan CottonIndustrial Machinery StockLtd 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.

Health

 How is Shandong Swan CottonIndustrial Machinery StockLtd'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 Shandong Swan CottonIndustrial Machinery StockLtd's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Shandong Swan CottonIndustrial Machinery StockLtd is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Shandong Swan CottonIndustrial Machinery StockLtd's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Shandong Swan CottonIndustrial Machinery StockLtd'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 22.7x 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 Shandong Swan CottonIndustrial Machinery StockLtd Company Filings, last reported 5 months ago.

SHSE:603029 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 758.93 30.11 79.92
2019-06-30 750.27 22.11 98.78
2019-03-31 763.59 22.00 98.03
2018-12-31 769.04 2.00 132.94
2018-09-30 705.32 0.00 147.95
2018-06-30 702.14 0.00 201.23
2018-03-31 713.90 0.00 183.34
2017-12-31 713.02 0.00 248.35
2017-09-30 699.18 0.00 182.06
2017-06-30 698.68 0.00 221.15
2017-03-31 711.24 0.00 240.55
2016-12-31 709.58 0.00 258.12
2016-09-30 698.83 0.00 138.15
2016-06-30 688.92 0.00 186.38
2016-03-31 510.07 80.00 94.84
2015-12-31 507.36 80.00 82.52
2014-12-31 464.97 80.00 70.20
2013-12-31 418.44 125.00 108.48
  • Shandong Swan CottonIndustrial Machinery StockLtd's level of debt (4%) 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 (20.1% vs 4% today).
  • Debt is well covered by operating cash flow (105.8%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.8x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Shandong Swan CottonIndustrial Machinery StockLtd'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. Shandong Swan CottonIndustrial Machinery StockLtd 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.

Dividends

 What is Shandong Swan CottonIndustrial Machinery StockLtd'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
0.7%
Current annual income from Shandong Swan CottonIndustrial Machinery StockLtd dividends.
If you bought CN¥2,000 of Shandong Swan CottonIndustrial Machinery StockLtd shares you are expected to receive CN¥14 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?
  • Shandong Swan CottonIndustrial Machinery StockLtd's pays a higher dividend yield than the bottom 25% of dividend payers in China (0.45%).
  • Shandong Swan CottonIndustrial Machinery StockLtd's dividend is below the markets top 25% of dividend payers in China (2%).
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
SHSE:603029 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
China Machinery Industry Average Dividend Yield Market Cap Weighted Average of 217 Stocks 1.5%
China Market Average Dividend Yield Market Cap Weighted Average of 2578 Stocks 1.9%
China Minimum Threshold Dividend Yield 10th Percentile 0.2%
China Bottom 25% Dividend Yield 25th Percentile 0.4%
China Top 25% Dividend Yield 75th Percentile 2%

Industry and Market average data is calculated daily.

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

SHSE:603029 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-06-03 0.100 0.702
2018-05-07 0.070 0.464
2017-05-24 0.091 0.413

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

  • Shandong Swan CottonIndustrial Machinery StockLtd has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Shandong Swan CottonIndustrial Machinery StockLtd only paid a dividend in the past 3 years.
Current Payout to shareholders
What portion of Shandong Swan CottonIndustrial Machinery StockLtd's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.4x coverage).
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 Shandong Swan CottonIndustrial Machinery StockLtd's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.2%) - 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 Shandong Swan CottonIndustrial Machinery StockLtd afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Shandong Swan CottonIndustrial Machinery StockLtd has a total score of 2/6, see the detailed checks below.


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

Management

 What is the CEO of Shandong Swan CottonIndustrial Machinery StockLtd'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.
  • Shandong Swan CottonIndustrial Machinery StockLtd has no CEO, or we have no data on them.
Management Team
Board of Directors
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 (CN¥) Value (CN¥)
X
Management checks
We assess Shandong Swan CottonIndustrial Machinery StockLtd'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. Shandong Swan CottonIndustrial Machinery StockLtd 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.

News

Simply Wall St News

Company Info

Description

Shandong Swan CottonIndustrial Machinery Stock Co.,Ltd. engages in the research and development, production, marketing, and sale of cotton processing equipment in China. The company offers saw gin, lint cleaner, saw delinter, hydraulic press, and three-mode series products; and seed cotton cleaners, automatic strapping systems for cotton bale, and harvesting machines. It also provides online test and intelligent control systems for cotton quality; and agricultural machineries, such as winch type sprinklers, grain drying and storage systems, intelligent precise fertilizer distributors, and picking and tying machines. In addition, the company offers spare parts comprising bearing single shoe boxes, barbed nails, professional saw wires, seed tubes, block rib plates, saw wire cylinder assemblies, edged barbed nail cylinders, and feed plates and impurity discharge knives. It also exports its products to approximately 34 countries worldwide. The company was founded in 1946 and is headquartered in Jinan, the People's Republic of China. Shandong Swan CottonIndustrial Machinery Stock Co.,Ltd. is a subsidiary of Shandong Supply And Marketing Cooperative Association.

Details
Name: Shandong Swan CottonIndustrial Machinery Stock Co.,Ltd.
603029
Exchange: SHSE
Founded: 1946
CN¥1,341,295,800
93,340,000
Website: http://www.sdmj.com.cn
Address: Shandong Swan CottonIndustrial Machinery Stock Co.,Ltd.
No.99, East Road of Dawei Village,
Tianqiao District,
Jinan,
Shandong Province, 250032,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SHSE 603029 Domestic Shares Shanghai Stock Exchange CN CNY 27. Apr 2016
Number of employees
Current staff
Staff numbers
0
Shandong Swan CottonIndustrial Machinery StockLtd employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/29 17:08
End of day share price update: 2020/03/27 00:00
Last earnings filing: 2019/10/29
Last earnings reported: 2019/09/30
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.