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Sieyuan Electric

XSEC:002028
Snowflake Description

Excellent balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
002028
XSEC
CN¥14B
Market Cap
  1. Home
  2. CN
  3. Capital Goods
Company description

Sieyuan Electric Co., Ltd. researches and develops, produces, sells, and services power transmission and distribution equipment in China and internationally. The last earnings update was 84 days ago. More info.


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  • Sieyuan Electric has significant price volatility in the past 3 months.
002028 Share Price and Events
7 Day Returns
10.8%
XSEC:002028
-0.8%
CN Electrical
-0.1%
CN Market
1 Year Returns
40.9%
XSEC:002028
-6.5%
CN Electrical
-9.3%
CN Market
002028 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sieyuan Electric (002028) 10.8% -2.5% 25.8% 40.9% 12.9% -
CN Electrical -0.8% -13.1% -4.3% -6.5% -35.7% -39.8%
CN Market -0.1% -10.6% -6.3% -9.3% -16.2% -26.5%
1 Year Return vs Industry and Market
  • 002028 outperformed the Electrical industry which returned -6.5% over the past year.
  • 002028 outperformed the Market in China which returned -9.3% over the past year.
Price Volatility
002028
Industry
5yr Volatility vs Market

Value

 Is Sieyuan Electric 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 Sieyuan Electric 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 Sieyuan Electric.

XSEC:002028 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10%
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 XSEC:002028
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CN Govt Bond Rate 3.2%
Equity Risk Premium S&P Global 6.3%
Electrical Unlevered Beta Simply Wall St/ S&P Global 1.11
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.11 (1 + (1- 25%) (0.14%))
1.075
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.07
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.2% + (1.075 * 6.33%)
10%

Discounted Cash Flow Calculation for XSEC:002028 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Sieyuan Electric 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.

XSEC:002028 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 10%)
2020 505.01 Est @ 13.2% 459.08
2021 556.53 Est @ 10.2% 459.91
2022 601.61 Est @ 8.1% 451.96
2023 641.50 Est @ 6.63% 438.11
2024 677.44 Est @ 5.6% 420.58
2025 710.50 Est @ 4.88% 401.00
2026 741.60 Est @ 4.38% 380.49
2027 771.44 Est @ 4.02% 359.81
2028 800.58 Est @ 3.78% 339.44
2029 829.43 Est @ 3.6% 319.69
Present value of next 10 years cash flows CN¥4,030.00
XSEC:002028 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥829.43 × (1 + 3.2%) ÷ (10% – 3.2%)
CN¥12,582.27
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥12,582.27 ÷ (1 + 10%)10
CN¥4,849.70
XSEC:002028 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥4,030.00 + CN¥4,849.70
CN¥8,879.70
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥8,879.70 / 760.21
CN¥11.68
XSEC:002028 Discount to Share Price
Calculation Result
Value per share (CNY) From above. CN¥11.68
Current discount Discount to share price of CN¥18.14
= -1 x (CN¥18.14 - CN¥11.68) / CN¥11.68
-55.3%

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

  • The current share price of Sieyuan Electric 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 Sieyuan Electric's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sieyuan Electric's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
XSEC:002028 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CNY CN¥0.75
SZSE:002028 Share Price ** SZSE (2020-04-03) in CNY CN¥18.14
China Electrical Industry PE Ratio Median Figure of 173 Publicly-Listed Electrical Companies 32.84x
China Market PE Ratio Median Figure of 3,197 Publicly-Listed Companies 32.34x

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

** Primary Listing of Sieyuan Electric.

XSEC:002028 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SZSE:002028 Share Price ÷ EPS (both in CNY)

= 18.14 ÷ 0.75

24.19x

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

  • Sieyuan Electric is good value based on earnings compared to the CN Electrical industry average.
  • Sieyuan Electric is good value based on earnings compared to the China market.
Price based on expected Growth
Does Sieyuan Electric's expected growth come at a high price?
Raw Data
XSEC:002028 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 24.19x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
23.8%per year
China Electrical Industry PEG Ratio Median Figure of 51 Publicly-Listed Electrical Companies 1.02x
China Market PEG Ratio Median Figure of 1,273 Publicly-Listed Companies 1.27x

*Line of best fit is calculated by linear regression .

XSEC:002028 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 24.19x ÷ 23.8%

1.02x

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

  • Sieyuan Electric is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Sieyuan Electric's assets?
Raw Data
XSEC:002028 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CNY CN¥6.46
SZSE:002028 Share Price * SZSE (2020-04-03) in CNY CN¥18.14
China Electrical Industry PB Ratio Median Figure of 208 Publicly-Listed Electrical Companies 2.37x
China Market PB Ratio Median Figure of 3,691 Publicly-Listed Companies 2.26x
XSEC:002028 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SZSE:002028 Share Price ÷ Book Value per Share (both in CNY)

= 18.14 ÷ 6.46

2.81x

* Primary Listing of Sieyuan Electric.

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

  • Sieyuan Electric is overvalued based on assets compared to the CN Electrical industry average.
X
Value checks
We assess Sieyuan Electric'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 Electrical 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 Electrical industry average (and greater than 0)? (1 check)
  5. Sieyuan Electric has a total score of 2/6, 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 Sieyuan Electric expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
23.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sieyuan Electric expected to grow at an attractive rate?
  • Sieyuan Electric's earnings growth is expected to exceed the low risk savings rate of 3.2%.
Growth vs Market Checks
  • Sieyuan Electric's earnings growth is expected to exceed the China market average.
  • Sieyuan Electric's revenue growth is expected to exceed the China market average.
Annual Growth Rates Comparison
Raw Data
XSEC:002028 Future Growth Rates Data Sources
Data Point Source Value (per year)
XSEC:002028 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 23.8%
XSEC:002028 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 20%
China Electrical Industry Earnings Growth Rate Market Cap Weighted Average 23.2%
China Electrical Industry Revenue Growth Rate Market Cap Weighted Average 17.5%
China Market Earnings Growth Rate Market Cap Weighted Average 20.9%
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
XSEC:002028 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
XSEC:002028 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 9,559 182 926 2
2020-12-31 7,884 -37 721 2
2020-04-06
XSEC:002028 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-12-31 6,378 574
2019-09-30 5,949 514 465
2019-06-30 5,467 330 352
2019-03-31 5,067 297 322
2018-12-31 4,807 174 295
2018-09-30 4,721 201 305
2018-06-30 4,374 269 239
2018-03-31 4,476 480 225
2017-12-31 4,495 486 249
2017-09-30 4,473 448 298
2017-06-30 4,582 386 352
2017-03-31 4,305 235 320

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Sieyuan Electric's earnings are expected to grow significantly at over 20% yearly.
  • Sieyuan Electric's revenue is expected to grow by 20% 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
XSEC:002028 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 2 Analyst Estimates (S&P Global) See Below

All data from Sieyuan Electric Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

XSEC:002028 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31 1.09 1.09 1.09 1.00
2020-04-06
XSEC:002028 Past Financials Data
Date (Data in CNY Millions) EPS *
2019-12-31 0.75
2019-09-30 0.61
2019-06-30 0.46
2019-03-31 0.44
2018-12-31 0.39
2018-09-30 0.41
2018-06-30 0.32
2018-03-31 0.31
2017-12-31 0.33
2017-09-30 0.40
2017-06-30 0.49
2017-03-31 0.43

*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.
  • Sieyuan Electric is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Sieyuan Electric'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.
Sieyuan Electric has a total score of 4/6, 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 Sieyuan Electric 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 Sieyuan Electric's growth in the last year to its industry (Electrical).
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.
  • Sieyuan Electric's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Sieyuan Electric's 1-year earnings growth exceeds its 5-year average (94.7% vs -3.6%)
  • Sieyuan Electric's earnings growth has exceeded the CN Electrical industry average in the past year (94.7% vs 19.7%).
Earnings and Revenue History
Sieyuan Electric'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 Sieyuan Electric Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

XSEC:002028 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 6,378.40 573.57
2019-09-30 5,948.59 465.24 933.11 358.89
2019-06-30 5,467.07 352.23 894.96 354.19
2019-03-31 5,067.26 322.37 928.73 339.83
2018-12-31 4,806.62 294.62 880.58 339.35
2018-09-30 4,721.09 304.56 832.59 334.23
2018-06-30 4,374.19 238.91 646.96 486.68
2018-03-31 4,475.97 224.54 741.05 420.41
2017-12-31 4,494.79 249.19 828.27 350.04
2017-09-30 4,472.71 297.64 1,001.92 231.81
2017-06-30 4,581.55 351.87 1,203.23
2017-03-31 4,305.14 319.66 1,153.01
2016-12-31 4,403.73 351.43 1,130.79
2016-09-30 4,312.83 383.59 1,024.12
2016-06-30 4,176.98 385.63 1,026.42
2016-03-31 4,093.59 377.90 978.52
2015-12-31 3,997.42 382.12 980.79
2015-09-30 3,876.29 369.80 977.98
2015-06-30 3,924.57 460.05 972.66
2015-03-31 3,852.66 500.71 988.88
2014-12-31 3,671.30 456.29 979.22
2014-09-30 3,501.57 471.15 956.71
2014-06-30 3,378.55 377.26 968.86
2014-03-31 3,284.34 330.54 966.41
2013-12-31 3,385.57 346.75 977.44
2013-09-30 3,302.93 302.86 989.97
2013-06-30 3,173.28 281.63 947.40

*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.
  • Sieyuan Electric has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Sieyuan Electric used its assets more efficiently than the CN Electrical industry average last year based on Return on Assets.
  • Sieyuan Electric has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Sieyuan Electric'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 Electrical 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.
Sieyuan Electric has a total score of 4/6, 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 Sieyuan Electric'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 Sieyuan Electric's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sieyuan Electric is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Sieyuan Electric's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Sieyuan Electric'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 325.3x 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 Sieyuan Electric Company Filings, last reported 3 months ago.

XSEC:002028 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 5,060.40 18.79 1,127.66
2019-09-30 5,060.40 18.79 1,127.66
2019-06-30 4,829.27 0.00 923.39
2019-03-31 4,728.47 0.00 960.36
2018-12-31 4,706.88 105.41 1,327.82
2018-09-30 4,652.01 105.41 1,391.64
2018-06-30 4,548.46 87.10 1,584.47
2018-03-31 4,482.27 0.00 1,768.09
2017-12-31 4,510.29 0.00 1,957.71
2017-09-30 4,458.57 0.00 1,546.79
2017-06-30 4,412.34 0.00 1,636.82
2017-03-31 4,353.28 0.00 1,548.71
2016-12-31 4,352.76 0.41 1,933.67
2016-09-30 4,226.84 0.00 1,422.34
2016-06-30 4,104.00 0.00 1,256.68
2016-03-31 4,144.22 0.00 1,316.94
2015-12-31 4,112.98 0.00 1,845.03
2015-09-30 3,969.59 0.00 1,399.27
2015-06-30 3,834.05 0.00 1,230.24
2015-03-31 3,833.13 0.00 1,193.31
2014-12-31 3,767.53 0.00 1,452.92
2014-09-30 3,588.79 20.00 1,028.74
2014-06-30 3,453.19 20.00 882.37
2014-03-31 3,433.73 20.00 1,062.12
2013-12-31 3,438.01 20.00 1,555.41
2013-09-30 3,225.55 14.10 1,073.74
2013-06-30 3,125.03 30.00 1,036.64
  • Sieyuan Electric's level of debt (0.4%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Sieyuan Electric's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (2732.8%, greater than 20% of total debt).
  • Sieyuan Electric earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Sieyuan Electric'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. Sieyuan Electric 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 Sieyuan Electric'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
0.55%
Current annual income from Sieyuan Electric dividends. Estimated to be 0.58% next year.
If you bought CN¥2,000 of Sieyuan Electric shares you are expected to receive CN¥11 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?
  • Sieyuan Electric's pays a higher dividend yield than the bottom 25% of dividend payers in China (0.46%).
  • Sieyuan Electric's dividend is below the markets top 25% of dividend payers in China (2.03%).
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
XSEC:002028 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 2 Analyst Estimates (S&P Global) See Below
China Electrical Industry Average Dividend Yield Market Cap Weighted Average of 136 Stocks 1.1%
China Market Average Dividend Yield Market Cap Weighted Average of 2588 Stocks 1.9%
China Minimum Threshold Dividend Yield 10th Percentile 0.2%
China Bottom 25% Dividend Yield 25th Percentile 0.5%
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.

XSEC:002028 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.12 1.00
2020-12-31 0.09 1.00
2020-04-06
XSEC:002028 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-03-25 0.100 0.816
2018-05-09 0.100 0.780
2017-05-19 0.100 0.617
2016-03-25 0.167 1.365
2015-04-15 0.083 0.663
2014-03-21 0.119 1.218
2013-05-22 0.060 0.637
2012-05-22 0.060 0.744
2011-04-28 0.476 5.685
2010-03-19 0.119 0.791

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Sieyuan Electric's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (7.5x 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 Sieyuan Electric'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 Sieyuan Electric afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sieyuan Electric 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 Sieyuan Electric'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
Zeng Ping Dong
COMPENSATION CN¥557,000
AGE 48
CEO Bio

Mr. Zeng Ping Dong serves as Chairman of the Board of Directors and General Manager at Sieyuan Electric Co., Ltd. Mr. Dong is the Chairman of the Board of Directors at Jiangsu Rugao High Voltage Electrical Appliances Co., Ltd., Shanghai Sieyuan Power Capacitor Co., Ltd., Sieyuan Qingneng Electric Electronics Co., Ltd. He is Executive Director at Shanghai Sieyuan High Voltage Switchgear Co., Ltd., and Shanghai Sieyuan Transmission and Distribution Engineering Company Limited. He is Executive Director at Shanghai Sieyuan Energy Storage Technology Engineering Co., Ltd., and Jiangsu Ruogao Transmission Engineering Co., Ltd. He is a Director at Jiangsu Sieyuan Hertz Transformer Co., Ltd.; Shanghai Sieyuan Hongrui Automation Co., Ltd., and Shanghai Sieyuan Hongrui Power Control Technology Co., Ltd.

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

Zeng Ping Dong

TITLE
Chairman of the Board of Directors and General Manager
COMPENSATION
CN¥557K
AGE
48

Ling Lin

TITLE
Chief Financial Officer
COMPENSATION
CN¥1M
AGE
47

Zhi Hua Yang

TITLE
Deputy General Manager
COMPENSATION
CN¥2M
AGE
43

Zhao Gang He

TITLE
Deputy General Manager
COMPENSATION
CN¥2M
AGE
44

Cai Liu

TITLE
Deputy General Manager
COMPENSATION
CN¥1M
AGE
45

Xiu Chen Jiang

TITLE
Deputy General Manager and Member of Supervisory Board
COMPENSATION
CN¥79K
AGE
53

Lian Hui Yao

TITLE
Deputy General Manager
Board of Directors Tenure

Average tenure and age of the Sieyuan Electric board of directors in years:

2.8
Average Tenure
48
Average Age
  • The average tenure for the Sieyuan Electric board of directors is less than 3 years, this suggests a new board.
Board of Directors

Zeng Ping Dong

TITLE
Chairman of the Board of Directors and General Manager
COMPENSATION
CN¥557K
AGE
48

Bang Dong Chen

TITLE
Vice Chairman of the Board of Directors
COMPENSATION
CN¥860K
AGE
48

Ling Lin

TITLE
Chief Financial Officer
COMPENSATION
CN¥1M
AGE
47

Xiu Chen Jiang

TITLE
Deputy General Manager and Member of Supervisory Board
COMPENSATION
CN¥79K
AGE
53

Xiaotang Zhang

TITLE
Independent Director
COMPENSATION
CN¥96K
AGE
55

Ye Feng

TITLE
Non-Independent Director
TENURE
2.8 yrs

Xiaoyong Zhang

TITLE
Non-Independent Director
TENURE
2.8 yrs

Peter Quan

TITLE
Non-Independent Director
TENURE
2.8 yrs

Zhengyu Qin

TITLE
Independent Director
TENURE
2.8 yrs

Ping Ma

TITLE
Independent Director
TENURE
2.8 yrs
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 Sieyuan Electric'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. Sieyuan Electric 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

Sieyuan Electric Co., Ltd. researches and develops, produces, sells, and services power transmission and distribution equipment in China and internationally. The company offers relay protection equipment and monitoring system for substations; circuit breakers and disconnectors; power capacitors; current and voltage transformers; and grounding devices, reactors, dynamic reactive power compensation products, active filtering devices, DGA and online monitoring systems, etc. Sieyuan Electric Co., Ltd. was founded in 1993 and is based in Shanghai, China.

Details
Name: Sieyuan Electric Co., Ltd.
002028
Exchange: XSEC
Founded: 1993
CN¥13,790,196,375
760,209,282
Website: http://www.syec.com
Address: Sieyuan Electric Co., Ltd.
No. 4399, Jindu Road,
Minhang District,
Shanghai,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SZSE 002028 Domestic Shares Shenzhen Stock Exchange CN CNY 05. Aug 2004
XSEC 002028 Domestic Shares Shenzhen Stock Exchange - Shenzhen-Hong Kong Stock Connect CN CNY 05. Aug 2004
Number of employees
Current staff
Staff numbers
5,153
Sieyuan Electric employees.
Industry
Electrical Components and Equipment
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 16:52
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/03/02
Last earnings filing: 2020/01/13
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.