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.

Changchun UP OptotechLtd

XSEC:002338
Snowflake Description

Flawless balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
002338
XSEC
CN¥3B
Market Cap
  1. Home
  2. CN
  3. Capital Goods
Company description

Changchun UP Optotech Co.,Ltd. engages in the research and development, manufacture, and sale of photoelectric measurement and control equipment, optical materials, and other products in China. The last earnings update was 42 days ago. More info.


Add to Portfolio Compare Print
002338 Share Price and Events
7 Day Returns
6%
XSEC:002338
9.3%
CN Aerospace & Defense
4.3%
CN Market
1 Year Returns
-7.2%
XSEC:002338
-6.1%
CN Aerospace & Defense
-7%
CN Market
002338 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Changchun UP OptotechLtd (002338) 6% -1.9% 3.9% -7.2% -39.1% -
CN Aerospace & Defense 9.3% -1.5% 0.3% -6.1% -28.6% -26.2%
CN Market 4.3% -4.8% -5.1% -7% -13.6% -24.6%
1 Year Return vs Industry and Market
  • 002338 underperformed the Aerospace & Defense industry which returned -6.1% over the past year.
  • 002338 matched the China Market (-7%) over the past year.
Price Volatility
002338
Industry
5yr Volatility vs Market

Value

 Is Changchun UP OptotechLtd 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 Changchun UP OptotechLtd 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 Changchun UP OptotechLtd.

XSEC:002338 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 8.9%
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:002338
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CN Govt Bond Rate 3.2%
Equity Risk Premium S&P Global 6.3%
Aerospace & Defense Unlevered Beta Simply Wall St/ S&P Global 0.85
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.851 (1 + (1- 25%) (0.23%))
0.901
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.9
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.2% + (0.901 * 6.33%)
8.9%

Discounted Cash Flow Calculation for XSEC:002338 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Changchun UP OptotechLtd 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:002338 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 8.9%)
2020 44.18 Est @ 9.48% 40.57
2021 47.54 Est @ 7.59% 40.08
2022 50.52 Est @ 6.28% 39.12
2023 53.23 Est @ 5.35% 37.84
2024 55.73 Est @ 4.71% 36.38
2025 58.10 Est @ 4.25% 34.83
2026 60.39 Est @ 3.94% 33.24
2027 62.64 Est @ 3.72% 31.66
2028 64.87 Est @ 3.56% 30.11
2029 67.11 Est @ 3.45% 28.60
Present value of next 10 years cash flows CN¥352.00
XSEC:002338 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥67.11 × (1 + 3.2%) ÷ (8.9% – 3.2%)
CN¥1,214.34
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥1,214.34 ÷ (1 + 8.9%)10
CN¥517.53
XSEC:002338 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥352.00 + CN¥517.53
CN¥869.53
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥869.53 / 240.00
CN¥3.62
XSEC:002338 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in XSEC:002338 represents 1.00348x of SZSE:002338
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.00348x
Value per Share
(Listing Adjusted, CNY)
= Value per Share (CNY) x Listing Adjustment Factor
= CN¥ 3.62 x 1.00348
CN¥3.64
Value per share (CNY) From above. CN¥3.64
Current discount Discount to share price of CN¥14.42
= -1 x (CN¥14.42 - CN¥3.64) / CN¥3.64
-296.6%

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

  • The current share price of Changchun UP OptotechLtd 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 Changchun UP OptotechLtd's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Changchun UP OptotechLtd's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
XSEC:002338 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CNY CN¥0.20
SZSE:002338 Share Price ** SZSE (2020-04-08) in CNY CN¥14.37
China Aerospace & Defense Industry PE Ratio Median Figure of 33 Publicly-Listed Aerospace & Defense Companies 52.52x
China Market PE Ratio Median Figure of 3,204 Publicly-Listed Companies 33.67x

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

** Primary Listing of Changchun UP OptotechLtd.

XSEC:002338 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SZSE:002338 Share Price ÷ EPS (both in CNY)

= 14.37 ÷ 0.20

71.85x

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

  • Changchun UP OptotechLtd is overvalued based on earnings compared to the CN Aerospace & Defense industry average.
  • Changchun UP OptotechLtd is overvalued based on earnings compared to the China market.
Price based on expected Growth
Does Changchun UP OptotechLtd's expected growth come at a high price?
Raw Data
XSEC:002338 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 71.85x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
China Aerospace & Defense Industry PEG Ratio Median Figure of 14 Publicly-Listed Aerospace & Defense Companies 2.48x
China Market PEG Ratio Median Figure of 1,266 Publicly-Listed Companies 1.32x

*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 Changchun UP OptotechLtd, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Changchun UP OptotechLtd's assets?
Raw Data
XSEC:002338 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CNY CN¥3.46
SZSE:002338 Share Price * SZSE (2020-04-08) in CNY CN¥14.37
China Aerospace & Defense Industry PB Ratio Median Figure of 36 Publicly-Listed Aerospace & Defense Companies 3.38x
China Market PB Ratio Median Figure of 3,693 Publicly-Listed Companies 2.35x
XSEC:002338 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SZSE:002338 Share Price ÷ Book Value per Share (both in CNY)

= 14.37 ÷ 3.46

4.15x

* Primary Listing of Changchun UP OptotechLtd.

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

  • Changchun UP OptotechLtd is overvalued based on assets compared to the CN Aerospace & Defense industry average.
X
Value checks
We assess Changchun UP OptotechLtd'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 Aerospace & Defense 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 Aerospace & Defense industry average (and greater than 0)? (1 check)
  5. Changchun UP OptotechLtd has a total score of 0/6, 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 Changchun UP OptotechLtd 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 Changchun UP OptotechLtd 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
19.3%
Expected Aerospace & Defense industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Changchun UP OptotechLtd expected to grow at an attractive rate?
  • Unable to compare Changchun UP OptotechLtd's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Changchun UP OptotechLtd's earnings growth to the China market average as no estimate data is available.
  • Unable to compare Changchun UP OptotechLtd's revenue growth to the China market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
XSEC:002338 Future Growth Rates Data Sources
Data Point Source Value (per year)
China Aerospace & Defense Industry Earnings Growth Rate Market Cap Weighted Average 19.3%
China Aerospace & Defense Industry Revenue Growth Rate Market Cap Weighted Average 12.2%
China Market Earnings Growth Rate Market Cap Weighted Average 20.7%
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:002338 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 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.
XSEC:002338 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-12-31 402 49
2019-09-30 398 59 41
2019-06-30 389 -7 40
2019-03-31 383 0 41
2018-12-31 385 8 41
2018-09-30 375 17 33
2018-06-30 371 28 33
2018-03-31 363 20 34
2017-12-31 368 -5 38
2017-09-30 369 -17 41
2017-06-30 361 -61 53
2017-03-31 351 -19 53

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Changchun UP OptotechLtd is high growth as no earnings estimate data is available.
  • Unable to determine if Changchun UP OptotechLtd 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
XSEC:002338 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 0 Analyst Estimates (S&P Global) See Below

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

XSEC:002338 Past Financials Data
Date (Data in CNY Millions) EPS *
2019-12-31 0.20
2019-09-30 0.17
2019-06-30 0.16
2019-03-31 0.17
2018-12-31 0.17
2018-09-30 0.14
2018-06-30 0.14
2018-03-31 0.14
2017-12-31 0.16
2017-09-30 0.17
2017-06-30 0.22
2017-03-31 0.22

*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 Changchun UP OptotechLtd will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Changchun UP OptotechLtd'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. Changchun UP OptotechLtd'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 Changchun UP OptotechLtd'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.
Changchun UP OptotechLtd 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 Changchun UP OptotechLtd 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 Changchun UP OptotechLtd's growth in the last year to its industry (Aerospace & Defense).
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.
  • Changchun UP OptotechLtd's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Changchun UP OptotechLtd's 1-year earnings growth exceeds its 5-year average (20.1% vs -7.9%)
  • Changchun UP OptotechLtd's earnings growth has exceeded the CN Aerospace & Defense industry average in the past year (20.1% vs 12%).
Earnings and Revenue History
Changchun UP OptotechLtd'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 Changchun UP OptotechLtd Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

XSEC:002338 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 401.82 49.00
2019-09-30 398.27 40.61 88.12 38.93
2019-06-30 389.16 39.86 87.61 38.72
2019-03-31 383.32 40.93 78.91 38.88
2018-12-31 384.77 40.80 77.89 37.88
2018-09-30 375.50 32.96 71.35 44.68
2018-06-30 371.50 33.27 53.47 59.21
2018-03-31 363.40 34.34 68.76 53.18
2017-12-31 368.44 38.47 76.86 45.33
2017-09-30 369.26 40.94 87.84 26.75
2017-06-30 361.10 52.96 121.04
2017-03-31 350.52 53.01 108.10
2016-12-31 341.86 52.62 109.66
2016-09-30 343.42 56.69 111.15
2016-06-30 346.94 38.20 106.50
2016-03-31 351.26 43.97 114.31
2015-12-31 344.73 43.70 112.82
2015-09-30 350.58 51.92 111.87
2015-06-30 370.34 60.07 111.96
2015-03-31 386.00 58.86 104.66
2014-12-31 388.70 58.74 103.74
2014-09-30 377.11 76.67 95.09
2014-06-30 335.93 76.90 84.45
2014-03-31 307.33 76.07 71.03
2013-12-31 295.44 75.67 64.29
2013-09-30 276.74 56.61 60.95
2013-06-30 288.24 56.82 56.13

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

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Changchun UP OptotechLtd is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Changchun UP OptotechLtd's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Changchun UP OptotechLtd'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 93x 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 Changchun UP OptotechLtd Company Filings, last reported 3 months ago.

XSEC:002338 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 905.67 7.87 84.39
2019-09-30 905.67 7.87 84.39
2019-06-30 896.16 7.87 52.04
2019-03-31 900.00 7.87 40.40
2018-12-31 890.24 7.87 85.89
2018-09-30 880.25 8.46 53.08
2018-06-30 870.69 8.46 78.55
2018-03-31 866.51 8.46 78.72
2017-12-31 856.61 8.46 106.09
2017-09-30 875.48 8.86 97.92
2017-06-30 864.51 8.86 120.06
2017-03-31 877.27 8.86 130.35
2016-12-31 857.21 8.86 183.02
2016-09-30 848.72 11.78 162.41
2016-06-30 849.05 21.36 155.15
2016-03-31 855.62 21.36 114.27
2015-12-31 840.05 22.18 168.52
2015-09-30 829.26 15.50 97.05
2015-06-30 854.52 9.50 109.84
2015-03-31 838.40 9.50 106.70
2014-12-31 824.44 9.50 157.71
2014-09-30 801.28 5.32 124.42
2014-06-30 820.03 5.32 195.90
2014-03-31 801.13 5.32 153.52
2013-12-31 787.42 5.32 201.94
2013-09-30 681.06 20.16 231.05
2013-06-30 671.65 2.64 234.89
  • Changchun UP OptotechLtd's level of debt (0.9%) 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 (1.2% vs 0.9% today).
  • Debt is well covered by operating cash flow (744%, greater than 20% of total debt).
  • Changchun UP OptotechLtd earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Changchun UP OptotechLtd'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. Changchun UP OptotechLtd has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

Dividends

 What is Changchun UP OptotechLtd'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
0.35%
Current annual income from Changchun UP OptotechLtd dividends.
If you bought CN¥2,000 of Changchun UP OptotechLtd shares you are expected to receive CN¥7 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?
  • Changchun UP OptotechLtd's pays a lower dividend yield than the bottom 25% of dividend payers in China (0.44%).
  • Changchun UP OptotechLtd's dividend is below the markets top 25% of dividend payers in China (1.96%).
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:002338 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 Aerospace & Defense Industry Average Dividend Yield Market Cap Weighted Average of 23 Stocks 0.6%
China Market Average Dividend Yield Market Cap Weighted Average of 2584 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.

XSEC:002338 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-04-19 0.050 0.367
2018-05-24 0.030 0.249
2017-06-30 0.100 0.663
2016-07-05 0.075 0.320
2015-05-28 0.125 0.437
2014-07-01 0.125 0.531
2013-03-22 0.150 1.351
2012-03-20 0.183 1.852
2011-03-25 0.167 1.233
2010-08-03 0.133 1.020

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 Changchun UP OptotechLtd's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (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 Changchun UP OptotechLtd'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 Changchun UP OptotechLtd afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Changchun UP OptotechLtd has a total score of 1/6, 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 Changchun UP OptotechLtd'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
Jin Gao
COMPENSATION CN¥538,100
CEO Bio

Mr. Jin Song Gao is the General Manager of Changchun UP Optotech Co.,Ltd.

CEO Compensation
  • Jin's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.
  • Jin's remuneration is about average for companies of similar size in China.
Management Team

Jin Gao

TITLE
General Manager
COMPENSATION
CN¥538K

Aimin Xu

TITLE
Financial Officer & Head of Accounting Department
AGE
49

Yan Zhang

TITLE
Deputy General Manager
COMPENSATION
CN¥417K
AGE
53
TENURE
7.1 yrs

Cheng Feng

TITLE
Deputy General Manager
COMPENSATION
CN¥418K
AGE
56
TENURE
4.9 yrs

Shou Sheng

TITLE
Deputy General Manager
COMPENSATION
CN¥402K
Board of Directors

Xu Chen

TITLE
Vice Chairman

Li Yi

TITLE
Director
COMPENSATION
CN¥510K

Zhi Yi Song

TITLE
Director

Yong Wang

TITLE
Director

Beiwei Li

TITLE
Independent Director
COMPENSATION
CN¥63K

Xue Zhang

TITLE
Director

Chuan Li

TITLE
Independent Director
COMPENSATION
CN¥63K
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 Changchun UP OptotechLtd'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. Changchun UP OptotechLtd 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

Changchun UP Optotech Co.,Ltd. engages in the research and development, manufacture, and sale of photoelectric measurement and control equipment, optical materials, and other products in China. Its principal products include TV goniometers, antenna pedestals, photoelectric theodolite optical and mechanical subsystems, aviation/aerospace camera optical and mechanical subsystems, radar antenna pedestals, medical testing instruments, K9 optical glasses, etc. The company was founded in 2001 and is based in Changchun, China.

Details
Name: Changchun UP Optotech Co.,Ltd.
002338
Exchange: XSEC
Founded: 2001
CN¥3,448,800,000
240,000,000
Website: http://www.up-china.com
Address: Changchun UP Optotech Co.,Ltd.
China changchun economic and technological development zone,
yingkou road 588,
Changchun,
Jilin Province, China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SZSE 002338 Domestic Shares Shenzhen Stock Exchange CN CNY 15. Jan 2010
XSEC 002338 Domestic Shares Shenzhen Stock Exchange - Shenzhen-Hong Kong Stock Connect CN CNY 15. Jan 2010
Number of employees
Current staff
Staff numbers
1,200
Changchun UP OptotechLtd employees.
Industry
Aerospace and Defense
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/09 19:45
End of day share price update: 2020/04/08 00:00
Last earnings filing: 2020/02/27
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.