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Gold cup Electric ApparatusLtd

XSEC:002533
Snowflake Description

Excellent balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
002533
XSEC
CN¥4B
Market Cap
  1. Home
  2. CN
  3. Capital Goods
Company description

Gold cup Electric Apparatus Co.,Ltd. researches, develops, manufactures, and sells wires and cables in Central, Southern, and Western China. The last earnings update was 34 days ago. More info.


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002533 Share Price and Events
7 Day Returns
-10.3%
XSEC:002533
-1.1%
CN Electrical
0.5%
CN Market
1 Year Returns
-10.7%
XSEC:002533
-7.4%
CN Electrical
-8.7%
CN Market
002533 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Gold cup Electric ApparatusLtd (002533) -10.3% -1.6% 8.3% -10.7% -43.6% -
CN Electrical -1.1% -6.7% -2.1% -7.4% -35.4% -41%
CN Market 0.5% -6.3% -5.7% -8.7% -15.2% -25.9%
1 Year Return vs Industry and Market
  • 002533 underperformed the Electrical industry which returned -7.4% over the past year.
  • 002533 underperformed the Market in China which returned -8.7% over the past year.
Price Volatility
002533
Industry
5yr Volatility vs Market

002533 Value

 Is Gold cup Electric ApparatusLtd 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 Gold cup Electric ApparatusLtd 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 Gold cup Electric ApparatusLtd.

XSEC:002533 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 10.5%
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:002533
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 1.12
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.119 (1 + (1- 25%) (12.08%))
1.148
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.15
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.2% + (1.148 * 6.33%)
10.47%

Discounted Cash Flow Calculation for XSEC:002533 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Gold cup Electric ApparatusLtd 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:002533 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 10.47%)
2020 355.22 Est @ 13.28% 321.57
2021 391.66 Est @ 10.26% 320.96
2022 423.54 Est @ 8.14% 314.21
2023 451.74 Est @ 6.66% 303.38
2024 477.13 Est @ 5.62% 290.08
2025 500.49 Est @ 4.89% 275.45
2026 522.44 Est @ 4.39% 260.29
2027 543.50 Est @ 4.03% 245.13
2028 564.05 Est @ 3.78% 230.30
2029 584.39 Est @ 3.61% 216.00
Present value of next 10 years cash flows CN¥2,777.00
XSEC:002533 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥584.39 × (1 + 3.2%) ÷ (10.47% – 3.2%)
CN¥8,301.34
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥8,301.34 ÷ (1 + 10.47%)10
CN¥3,068.32
XSEC:002533 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥2,777.00 + CN¥3,068.32
CN¥5,845.32
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥5,845.32 / 720.22
CN¥8.12
XSEC:002533 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in XSEC:002533 represents 1.01105x of SZSE:002533
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.01105x
Value per Share
(Listing Adjusted, CNY)
= Value per Share (CNY) x Listing Adjustment Factor
= CN¥ 8.12 x 1.01105
CN¥8.21
Value per share (CNY) From above. CN¥8.21
Current discount Discount to share price of CN¥5.49
= -1 x (CN¥5.49 - CN¥8.21) / CN¥8.21
33.1%

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

Current Discount
Amount off the current price Gold cup Electric ApparatusLtd is available for.
Intrinsic value
33%
Share price is CN¥5.49 vs Future cash flow value of CN¥8.21
Current Discount Checks
For Gold cup Electric ApparatusLtd to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Gold cup Electric ApparatusLtd's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Gold cup Electric ApparatusLtd's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Gold cup Electric ApparatusLtd's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Gold cup Electric ApparatusLtd's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
XSEC:002533 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CNY CN¥0.37
SZSE:002533 Share Price ** SZSE (2020-03-31) in CNY CN¥5.43
China Electrical Industry PE Ratio Median Figure of 173 Publicly-Listed Electrical Companies 32.98x
China Market PE Ratio Median Figure of 3,194 Publicly-Listed Companies 31.97x

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

** Primary Listing of Gold cup Electric ApparatusLtd.

XSEC:002533 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SZSE:002533 Share Price ÷ EPS (both in CNY)

= 5.43 ÷ 0.37

14.76x

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

  • Gold cup Electric ApparatusLtd is good value based on earnings compared to the CN Electrical industry average.
  • Gold cup Electric ApparatusLtd is good value based on earnings compared to the China market.
Price based on expected Growth
Does Gold cup Electric ApparatusLtd's expected growth come at a high price?
Raw Data
XSEC:002533 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.76x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
China Electrical Industry PEG Ratio Median Figure of 51 Publicly-Listed Electrical Companies 0.99x
China Market PEG Ratio Median Figure of 1,275 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 Gold cup Electric ApparatusLtd, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Gold cup Electric ApparatusLtd's assets?
Raw Data
XSEC:002533 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CNY CN¥4.37
SZSE:002533 Share Price * SZSE (2020-03-31) in CNY CN¥5.43
China Electrical Industry PB Ratio Median Figure of 210 Publicly-Listed Electrical Companies 2.28x
China Market PB Ratio Median Figure of 3,689 Publicly-Listed Companies 2.23x
XSEC:002533 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SZSE:002533 Share Price ÷ Book Value per Share (both in CNY)

= 5.43 ÷ 4.37

1.24x

* Primary Listing of Gold cup Electric ApparatusLtd.

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

  • Gold cup Electric ApparatusLtd is good value based on assets compared to the CN Electrical industry average.
X
Value checks
We assess Gold cup Electric ApparatusLtd'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. Gold cup Electric ApparatusLtd has a total score of 4/6, 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.

002533 Future Performance

 How is Gold cup Electric ApparatusLtd 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 Gold cup Electric ApparatusLtd 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
23.3%
Expected Electrical industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Gold cup Electric ApparatusLtd expected to grow at an attractive rate?
  • Unable to compare Gold cup Electric ApparatusLtd's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Gold cup Electric ApparatusLtd's earnings growth to the China market average as no estimate data is available.
  • Unable to compare Gold cup Electric ApparatusLtd's revenue growth to the China market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
XSEC:002533 Future Growth Rates Data Sources
Data Point Source Value (per year)
China Electrical Industry Earnings Growth Rate Market Cap Weighted Average 23.3%
China Electrical Industry Revenue Growth Rate Market Cap Weighted Average 17.6%
China Market Earnings Growth Rate Market Cap Weighted Average 21%
China Market Revenue Growth Rate Market Cap Weighted Average 15.7%

*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:002533 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:002533 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
XSEC:002533 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-12-31 5,846 206
2019-09-30 5,412 487 163
2019-06-30 5,174 208 148
2019-03-31 5,052 -19 145
2018-12-31 4,739 79 133
2018-09-30 4,708 -25 127
2018-06-30 4,566 -279 133
2018-03-31 4,185 -244 127
2017-12-31 3,961 -178 124
2017-09-30 3,668 -202 148
2017-06-30 3,404 114 162
2017-03-31 3,193 163 166

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Gold cup Electric ApparatusLtd is high growth as no earnings estimate data is available.
  • Unable to determine if Gold cup Electric ApparatusLtd 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:002533 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 Gold cup Electric ApparatusLtd Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

XSEC:002533 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
XSEC:002533 Past Financials Data
Date (Data in CNY Millions) EPS *
2019-12-31 0.37
2019-09-30 0.29
2019-06-30 0.27
2019-03-31 0.26
2018-12-31 0.24
2018-09-30 0.23
2018-06-30 0.24
2018-03-31 0.23
2017-12-31 0.23
2017-09-30 0.27
2017-06-30 0.30
2017-03-31 0.31

*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 Gold cup Electric ApparatusLtd will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Gold cup Electric ApparatusLtd is trading at Gold cup Electric ApparatusLtd'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Gold cup Electric ApparatusLtd'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 Gold cup Electric ApparatusLtd'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.
Gold cup Electric ApparatusLtd 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.

002533 Past Performance

  How has Gold cup Electric ApparatusLtd 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 Gold cup Electric ApparatusLtd'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.
  • Gold cup Electric ApparatusLtd's year on year earnings growth rate has been positive over the past 5 years.
  • Gold cup Electric ApparatusLtd's 1-year earnings growth exceeds its 5-year average (55.7% vs 1.9%)
  • Gold cup Electric ApparatusLtd's earnings growth has exceeded the CN Electrical industry average in the past year (55.7% vs 19.7%).
Earnings and Revenue History
Gold cup Electric ApparatusLtd'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 Gold cup Electric ApparatusLtd Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

XSEC:002533 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 5,845.98 206.39
2019-09-30 5,412.24 163.47 444.34 182.57
2019-06-30 5,173.57 147.80 416.61 177.51
2019-03-31 5,052.37 144.71 412.76 184.78
2018-12-31 4,738.94 132.58 377.13 170.21
2018-09-30 4,707.83 126.76 359.41 140.92
2018-06-30 4,566.13 132.91 321.69 135.74
2018-03-31 4,185.02 126.70 312.45 77.69
2017-12-31 3,961.36 124.21 326.20 61.17
2017-09-30 3,668.37 147.77 314.91 43.39
2017-06-30 3,404.31 162.18 348.87
2017-03-31 3,192.93 166.42 344.56
2016-12-31 3,125.30 168.97 342.87
2016-09-30 3,097.41 170.10 324.88
2016-06-30 3,069.40 166.59 313.31
2016-03-31 3,139.98 155.29 308.23
2015-12-31 3,236.13 146.06 301.72
2015-09-30 3,264.75 145.34 301.52
2015-06-30 3,297.84 138.28 284.28
2015-03-31 3,237.16 131.43 269.66
2014-12-31 3,177.13 127.90 257.52
2014-09-30 3,228.44 124.82 238.20
2014-06-30 3,172.14 112.62 232.42
2014-03-31 3,071.36 112.29 222.82
2013-12-31 3,001.56 113.58 213.84
2013-09-30 2,766.88 102.03 203.38
2013-06-30 2,652.36 96.44 196.10

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

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

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

002533 Health

 How is Gold cup Electric ApparatusLtd'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 Gold cup Electric ApparatusLtd's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Gold cup Electric ApparatusLtd is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Gold cup Electric ApparatusLtd's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Gold cup Electric ApparatusLtd'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 8.2x 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 Gold cup Electric ApparatusLtd Company Filings, last reported 3 months ago.

XSEC:002533 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 2,615.67 472.41 1,036.98
2019-09-30 2,615.67 472.41 1,036.98
2019-06-30 2,551.14 410.00 638.29
2019-03-31 2,597.51 364.73 341.49
2018-12-31 2,559.03 335.73 704.18
2018-09-30 2,540.10 320.00 396.76
2018-06-30 2,500.05 170.00 206.51
2018-03-31 2,505.34 0.00 216.31
2017-12-31 2,517.40 0.00 496.43
2017-09-30 2,486.68 0.00 302.01
2017-06-30 2,418.76 0.00 608.80
2017-03-31 2,453.02 0.00 785.53
2016-12-31 2,433.04 0.00 991.42
2016-09-30 2,328.88 0.00 631.84
2016-06-30 2,284.82 0.00 755.50
2016-03-31 2,283.76 0.00 821.03
2015-12-31 2,228.38 0.00 812.40
2015-09-30 2,191.19 0.00 722.20
2015-06-30 2,144.16 0.00 690.65
2015-03-31 2,161.90 40.00 524.50
2014-12-31 2,101.32 30.00 735.37
2014-09-30 2,091.23 30.00 529.10
2014-06-30 2,004.17 30.00 552.98
2014-03-31 1,982.84 30.00 509.44
2013-12-31 1,997.99 10.00 653.64
2013-09-30 1,955.12 0.00 693.27
2013-06-30 1,850.96 0.00 658.53
  • Gold cup Electric ApparatusLtd's level of debt (18.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (1.4% vs 18.1% today).
  • Debt is well covered by operating cash flow (103.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 10.3x coverage).
X
Financial health checks
We assess Gold cup Electric ApparatusLtd'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. Gold cup Electric ApparatusLtd 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.

002533 Dividends

 What is Gold cup Electric ApparatusLtd'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
2.76%
Current annual income from Gold cup Electric ApparatusLtd dividends.
If you bought CN¥2,000 of Gold cup Electric ApparatusLtd shares you are expected to receive CN¥55 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?
  • Gold cup Electric ApparatusLtd's pays a higher dividend yield than the bottom 25% of dividend payers in China (0.46%).
  • Gold cup Electric ApparatusLtd's dividend is above the markets top 25% of dividend payers in China (2.04%).
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:002533 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 Electrical Industry Average Dividend Yield Market Cap Weighted Average of 136 Stocks 1.1%
China Market Average Dividend Yield Market Cap Weighted Average of 2582 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:002533 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
XSEC:002533 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-03-29 0.150 2.906
2018-03-29 0.100 2.024
2017-05-04 0.150 2.131
2016-03-30 0.100 0.931
2015-05-11 0.100 1.143
2014-03-25 0.075 1.281
2013-06-05 0.075 2.006
2012-03-01 0.052 1.320
2012-02-27 0.052 1.121
2011-03-24 0.052 0.858

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

  • Gold cup Electric ApparatusLtd 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 Gold cup Electric ApparatusLtd only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Gold cup Electric ApparatusLtd's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.5x 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 Gold cup Electric ApparatusLtd'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 Gold cup Electric ApparatusLtd afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Gold cup Electric ApparatusLtd has a total score of 3/6, see the detailed checks below.


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

002533 Management

 What is the CEO of Gold cup Electric ApparatusLtd'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.
  • Gold cup Electric ApparatusLtd has no CEO, or we have no data on them.
Management Team

Huang Xihua

TITLE
Secretary of the Board
COMPENSATION
CN¥372K

Yong Ma

TITLE
Deputy General Manager

Feng Zhou

TITLE
Chief Engineer
Board of Directors

Wu Xueyu

TITLE
Chairman
COMPENSATION
CN¥394K

Zhihong Fan

TITLE
Non-Independent Director

Hai Min Chan

TITLE
Director

Siping Pan

TITLE
Non-Independent Director

Di Qi Yao

TITLE
Director
COMPENSATION
CN¥397K

Dan Qing Yi

TITLE
Independent Director
COMPENSATION
CN¥35K

Gui Hua Zhang

TITLE
Independent Director
COMPENSATION
CN¥60K

Feng Gao

TITLE
Director
COMPENSATION
CN¥60K

Xing Yu Gou

TITLE
Independent Director
COMPENSATION
CN¥35K

Zuqin Zhou

TITLE
Non-Independent Director
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 Gold cup Electric ApparatusLtd'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. Gold cup Electric ApparatusLtd 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.

002533 News

Simply Wall St News

002533 Company Info

Description

Gold cup Electric Apparatus Co.,Ltd. researches, develops, manufactures, and sells wires and cables in Central, Southern, and Western China. It offers electrical equipment wire, including non-sheathed and sheathed cable, flexible cable and wire, screened cable, low smoke halogen free flame retardant wire, exquisite flame retardant wire, high-end easy home wire, radiated European standard wire, computer cable, plastics insulated and sheathed control cable products. The company also provides cable and conductor products comprising plastics insulated power cable, XLPE insulated cable, XLPE insulated power cable, areial insulated cable, and overhead conductor; and aluminum alloy and flexible MI fireproof cable products. In addition, it offers rubber flexible, mining, elevator, motor winding lead, waterproof rubber sheathed, silicon rubber insulated and sheathed flexible, butyronitrile compound insulation and sheathed power, internal connecting, rail transit, ship power, and PV cables, as well as copper core. The company offers its products for use in power projects, railways, construction machinery, minerals, aviation, buildings, electrical appliance, transformer companies, etc. It also exports its products to Europe, Australia, Kenya, Angola, Vietnam, Maldives, Malaysia, and Singapore. The company was founded in 1999 and is based in Changsha, the People's Republic of China.

Details
Name: Gold cup Electric Apparatus Co.,Ltd.
002533
Exchange: XSEC
Founded: 1999
CN¥3,910,780,900
720,217,477
Website: http://www.gold-cup.cn
Address: Gold cup Electric Apparatus Co.,Ltd.
No.580, Dongfanghong Middle Road,
Hi-tech Industrial Development Zone,
Changsha,
Hunan Province, 421007,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SZSE 002533 Domestic Shares Shenzhen Stock Exchange CN CNY 31. Dec 2010
XSEC 002533 Domestic Shares Shenzhen Stock Exchange - Shenzhen-Hong Kong Stock Connect CN CNY 31. Dec 2010
Number of employees
Current staff
Staff numbers
2,706
Gold cup Electric ApparatusLtd employees.
Industry
Electrical Components and Equipment
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/01 16:32
End of day share price update: 2020/03/31 00:00
Last estimates confirmation: 2018/02/27
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.