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Zhangjiagang Freetrade Science & Technology Group

XSSC:600794
Snowflake Description

Flawless balance sheet and undervalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
600794
XSSC
CN¥4B
Market Cap
  1. Home
  2. CN
  3. Capital Goods
Company description

Zhangjiagang Freetrade Science & Technology Group Co., Ltd., through its subsidiaries, operates in port terminal business in China. The last earnings update was 10 days ago. More info.


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600794 Share Price and Events
7 Day Returns
1.2%
XSSC:600794
4.4%
CN Trade Distributors
4.3%
CN Market
1 Year Returns
-30.5%
XSSC:600794
-16.3%
CN Trade Distributors
-7%
CN Market
600794 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Zhangjiagang Freetrade Science & Technology Group (600794) 1.2% -10.3% -16.8% -30.5% -40.3% -69.6%
CN Trade Distributors 4.4% -7.2% -3.9% -16.3% -37.6% -51%
CN Market 4.3% -4.8% -5.1% -7% -13.6% -24.6%
1 Year Return vs Industry and Market
  • 600794 underperformed the Trade Distributors industry which returned -16.3% over the past year.
  • 600794 underperformed the Market in China which returned -7% over the past year.
Price Volatility
600794
Industry
5yr Volatility vs Market

600794 Value

 Is Zhangjiagang Freetrade Science & Technology Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Zhangjiagang Freetrade Science & Technology Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Zhangjiagang Freetrade Science & Technology Group.

XSSC:600794 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.2%
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 XSSC:600794
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CN Govt Bond Rate 3.2%
Equity Risk Premium S&P Global 6.3%
Trade Distributors Unlevered Beta Simply Wall St/ S&P Global 0.86
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.855 (1 + (1- 25%) (9.61%))
0.944
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.94
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.2% + (0.944 * 6.33%)
9.18%

Discounted Cash Flow Calculation for XSSC:600794 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Zhangjiagang Freetrade Science & Technology Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

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

XSSC:600794 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 9.18%)
2020 237.20 Est @ 53.43% 217.26
2021 328.20 Est @ 38.36% 275.34
2022 419.48 Est @ 27.81% 322.34
2023 505.18 Est @ 20.43% 355.56
2024 582.28 Est @ 15.26% 375.37
2025 650.07 Est @ 11.64% 383.85
2026 709.29 Est @ 9.11% 383.61
2027 761.34 Est @ 7.34% 377.14
2028 807.75 Est @ 6.1% 366.50
2029 849.97 Est @ 5.23% 353.23
Present value of next 10 years cash flows CN¥3,410.00
XSSC:600794 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥849.97 × (1 + 3.2%) ÷ (9.18% – 3.2%)
CN¥14,673.99
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥14,673.99 ÷ (1 + 9.18%)10
CN¥6,098.30
XSSC:600794 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥3,410.00 + CN¥6,098.30
CN¥9,508.30
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥9,508.30 / 1,212.15
CN¥7.84
XSSC:600794 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in XSSC:600794 represents 0.99102x of SHSE:600794
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99102x
Value per Share
(Listing Adjusted, CNY)
= Value per Share (CNY) x Listing Adjustment Factor
= CN¥ 7.84 x 0.99102
CN¥7.77
Value per share (CNY) From above. CN¥7.77
Current discount Discount to share price of CN¥3.31
= -1 x (CN¥3.31 - CN¥7.77) / CN¥7.77
57.4%

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

Current Discount
Amount off the current price Zhangjiagang Freetrade Science & Technology Group is available for.
Intrinsic value
>50%
Share price is CN¥3.31 vs Future cash flow value of CN¥7.77
Current Discount Checks
For Zhangjiagang Freetrade Science & Technology Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Zhangjiagang Freetrade Science & Technology Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Zhangjiagang Freetrade Science & Technology Group's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Zhangjiagang Freetrade Science & Technology Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Zhangjiagang Freetrade Science & Technology Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
XSSC:600794 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CNY CN¥0.13
SHSE:600794 Share Price ** SHSE (2020-04-08) in CNY CN¥3.34
China Trade Distributors Industry PE Ratio Median Figure of 34 Publicly-Listed Trade Distributors Companies 29.04x
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 Zhangjiagang Freetrade Science & Technology Group.

XSSC:600794 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SHSE:600794 Share Price ÷ EPS (both in CNY)

= 3.34 ÷ 0.13

25.69x

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

  • Zhangjiagang Freetrade Science & Technology Group is good value based on earnings compared to the CN Trade Distributors industry average.
  • Zhangjiagang Freetrade Science & Technology Group is good value based on earnings compared to the China market.
Price based on expected Growth
Does Zhangjiagang Freetrade Science & Technology Group's expected growth come at a high price?
Raw Data
XSSC:600794 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 25.69x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
29.9%per year
China Trade Distributors Industry PEG Ratio Median Figure of 8 Publicly-Listed Trade Distributors Companies 1.13x
China Market PEG Ratio Median Figure of 1,266 Publicly-Listed Companies 1.32x

*Line of best fit is calculated by linear regression .

XSSC:600794 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 25.69x ÷ 29.9%

0.86x

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

  • Zhangjiagang Freetrade Science & Technology Group is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Zhangjiagang Freetrade Science & Technology Group's assets?
Raw Data
XSSC:600794 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CNY CN¥1.61
SHSE:600794 Share Price * SHSE (2020-04-08) in CNY CN¥3.34
China Trade Distributors Industry PB Ratio Median Figure of 41 Publicly-Listed Trade Distributors Companies 1.58x
China Market PB Ratio Median Figure of 3,693 Publicly-Listed Companies 2.35x
XSSC:600794 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SHSE:600794 Share Price ÷ Book Value per Share (both in CNY)

= 3.34 ÷ 1.61

2.08x

* Primary Listing of Zhangjiagang Freetrade Science & Technology Group.

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

  • Zhangjiagang Freetrade Science & Technology Group is overvalued based on assets compared to the CN Trade Distributors industry average.
X
Value checks
We assess Zhangjiagang Freetrade Science & Technology Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Trade Distributors 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 Trade Distributors industry average (and greater than 0)? (1 check)
  5. Zhangjiagang Freetrade Science & Technology Group has a total score of 5/6, see the detailed checks below.

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

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

600794 Future Performance

 How is Zhangjiagang Freetrade Science & Technology Group expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
29.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Zhangjiagang Freetrade Science & Technology Group expected to grow at an attractive rate?
  • Zhangjiagang Freetrade Science & Technology Group's earnings growth is expected to exceed the low risk savings rate of 3.2%.
Growth vs Market Checks
  • Zhangjiagang Freetrade Science & Technology Group's earnings growth is expected to exceed the China market average.
  • Zhangjiagang Freetrade Science & Technology Group's revenue growth is positive but not above the China market average.
Annual Growth Rates Comparison
Raw Data
XSSC:600794 Future Growth Rates Data Sources
Data Point Source Value (per year)
XSSC:600794 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 29.9%
XSSC:600794 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 8.5%
China Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 26.4%
China Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 16.6%
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
XSSC:600794 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
XSSC:600794 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 2,229 648 302 1
2020-12-31 2,116 -60 265 1
2020-04-09
XSSC:600794 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-12-31 1,877 219 157
2019-09-30 1,982 149 186
2019-06-30 1,375 -54 122
2019-03-31 1,275 -15 40
2018-12-31 1,364 -15 36
2018-09-30 1,468 188 -118
2018-06-30 1,623 209 -112
2018-03-31 1,190 288 -182
2017-12-31 1,049 67 -226
2017-09-30 1,005 -17 -91
2017-06-30 947 -157 -89
2017-03-31 928 -232 3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Zhangjiagang Freetrade Science & Technology Group's earnings are expected to grow significantly at over 20% yearly.
  • Zhangjiagang Freetrade Science & Technology Group's revenue is expected to grow by 8.5% 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
XSSC:600794 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 1 Analyst Estimates (S&P Global) See Below

All data from Zhangjiagang Freetrade Science & Technology Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

XSSC:600794 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.25 0.25 0.25 1.00
2020-12-31 0.22 0.22 0.22 1.00
2020-04-09
XSSC:600794 Past Financials Data
Date (Data in CNY Millions) EPS *
2019-12-31 0.13
2019-09-30 0.16
2019-06-30 0.10
2019-03-31 0.03
2018-12-31 0.03
2018-09-30 -0.10
2018-06-30 -0.09
2018-03-31 -0.15
2017-12-31 -0.19
2017-09-30 -0.07
2017-06-30 -0.07
2017-03-31 0.00

*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.
  • Zhangjiagang Freetrade Science & Technology Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Zhangjiagang Freetrade Science & Technology Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the 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.
Zhangjiagang Freetrade Science & Technology Group has a total score of 3/6, 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.

600794 Past Performance

  How has Zhangjiagang Freetrade Science & Technology Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Zhangjiagang Freetrade Science & Technology Group's growth in the last year to its industry (Trade Distributors).
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.
  • Zhangjiagang Freetrade Science & Technology Group's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Zhangjiagang Freetrade Science & Technology Group's 1-year earnings growth exceeds its 5-year average (343.6% vs -6.6%)
  • Zhangjiagang Freetrade Science & Technology Group's earnings growth has exceeded the CN Trade Distributors industry average in the past year (343.6% vs 3%).
Earnings and Revenue History
Zhangjiagang Freetrade Science & Technology Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Zhangjiagang Freetrade Science & Technology Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

XSSC:600794 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 1,876.97 157.49 90.74
2019-09-30 1,982.20 186.39 74.74
2019-06-30 1,375.20 122.39 79.55
2019-03-31 1,275.45 40.00 84.85
2018-12-31 1,364.23 35.51 77.67
2018-09-30 1,467.93 -118.23 68.29
2018-06-30 1,622.68 -112.22 65.92
2018-03-31 1,189.58 -182.28 72.48
2017-12-31 1,048.54 -226.48 76.97
2017-09-30 1,005.34 -90.75 70.17
2017-06-30 947.40 -89.23 82.38
2017-03-31 927.91 2.94 73.74
2016-12-31 841.85 24.66 80.60
2016-09-30 595.87 -13.15 107.07
2016-06-30 406.94 -21.91 107.01
2016-03-31 448.61 6.86 109.22
2015-12-31 638.75 24.56 107.13
2015-09-30 908.26 71.40 84.49
2015-06-30 967.57 104.62 86.92
2015-03-31 938.87 119.01 82.84
2014-12-31 758.28 120.00 79.46
2014-09-30 484.49 163.26 76.16
2014-06-30 462.05 180.80 60.02
2014-03-31 418.90 165.21 58.82
2013-12-31 392.70 173.05 52.13
2013-09-30 393.16 181.46 49.20
2013-06-30 380.97 177.66 49.17

*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.
  • Zhangjiagang Freetrade Science & Technology Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Zhangjiagang Freetrade Science & Technology Group used its assets more efficiently than the CN Trade Distributors industry average last year based on Return on Assets.
  • Zhangjiagang Freetrade Science & Technology Group has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Zhangjiagang Freetrade Science & Technology Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Trade Distributors 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.
Zhangjiagang Freetrade Science & Technology Group 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.

600794 Health

 How is Zhangjiagang Freetrade Science & Technology Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Zhangjiagang Freetrade Science & Technology Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Zhangjiagang Freetrade Science & Technology Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Zhangjiagang Freetrade Science & Technology Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Zhangjiagang Freetrade Science & Technology Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.1x 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 Zhangjiagang Freetrade Science & Technology Group Company Filings, last reported 3 months ago.

XSSC:600794 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 2,241.96 388.51 722.29
2019-09-30 2,262.85 436.27 753.45
2019-06-30 2,193.78 593.84 557.07
2019-03-31 2,128.64 531.75 462.62
2018-12-31 2,091.10 726.45 320.57
2018-09-30 2,085.86 740.02 525.48
2018-06-30 2,088.88 741.44 548.99
2018-03-31 2,121.60 839.05 651.83
2017-12-31 2,078.37 851.75 777.22
2017-09-30 2,224.19 926.75 870.01
2017-06-30 2,159.22 789.67 632.23
2017-03-31 2,253.42 883.86 689.41
2016-12-31 2,214.32 958.48 1,056.98
2016-09-30 2,191.69 751.72 1,022.28
2016-06-30 2,018.19 633.79 754.77
2016-03-31 2,017.03 708.20 736.03
2015-12-31 2,029.00 828.15 528.72
2015-09-30 1,817.12 701.45 545.71
2015-06-30 1,849.45 524.64 832.10
2015-03-31 1,780.44 612.22 821.37
2014-12-31 1,813.79 627.89 941.99
2014-09-30 1,799.71 681.09 1,106.50
2014-06-30 1,051.86 725.72 449.92
2014-03-31 989.85 818.26 522.58
2013-12-31 1,015.16 678.02 625.69
2013-09-30 975.06 464.99 790.06
2013-06-30 923.52 390.70 700.53
  • Zhangjiagang Freetrade Science & Technology Group's level of debt (17.3%) 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 (34.6% vs 17.3% today).
  • Debt is well covered by operating cash flow (56.4%, greater than 20% of total debt).
  • Zhangjiagang Freetrade Science & Technology Group earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Zhangjiagang Freetrade Science & Technology Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Zhangjiagang Freetrade Science & Technology Group 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.

600794 Dividends

 What is Zhangjiagang Freetrade Science & Technology Group's current dividend yield, its reliability and sustainability?

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

We also check to see if the dividend has increased in the past 10 years.
Raw Data
XSSC:600794 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 1 Analyst Estimates (S&P Global) See Below
China Trade Distributors Industry Average Dividend Yield Market Cap Weighted Average of 23 Stocks 2.2%
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.

XSSC:600794 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2020-04-09
XSSC:600794 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2020-03-30 0.000 0.000
2019-03-19 0.012 0.295
2018-10-29 0.000 0.000
2018-08-20 0.000 0.000
2018-06-04 0.000 0.000
2017-03-29 0.010 0.229
2016-05-17 0.010 0.177
2015-02-09 0.046 0.665
2014-01-29 0.050 1.079
2013-02-06 0.048 1.370
2013-01-15 0.048 1.277
2012-08-06 0.016 0.633
2012-03-15 0.016 0.585

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

  • Unable to perform a dividend volatility check as Zhangjiagang Freetrade Science & Technology Group has not reported any payouts.
  • Unable to verify if Zhangjiagang Freetrade Science & Technology Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Zhangjiagang Freetrade Science & Technology Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Zhangjiagang Freetrade Science & Technology Group has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Zhangjiagang Freetrade Science & Technology Group'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 Zhangjiagang Freetrade Science & Technology Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Zhangjiagang Freetrade Science & Technology Group has a total score of 0/6, see the detailed checks below.


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

600794 Management

 What is the CEO of Zhangjiagang Freetrade Science & Technology Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jianqiu Lan
COMPENSATION CN¥0
TENURE AS CEO 7.4 years
CEO Bio

Jianqiu Lan has been General Manager of Zhangjiagang Freetrade Science and Technology Co. Ltd since November 16, 2012 and has been its Director since November 12, 2010.

CEO Compensation
  • Insufficient data for Jianqiu to compare compensation growth.
  • Jianqiu's remuneration is lower than average for companies of similar size in China.
Management Team Tenure

Average tenure of the Zhangjiagang Freetrade Science & Technology Group management team in years:

7.4
Average Tenure
  • The average tenure for the Zhangjiagang Freetrade Science & Technology Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Hui Zhong Zhang

TITLE
Financial Director

Hui Chen

TITLE
Assistant General Manager

Xiong Huang

TITLE
Deputy General Manager
AGE
56

Ben Wang

TITLE
Deputy General Manager

Jian Hua Zhu

TITLE
Deputy General Manager

Bao Chen

TITLE
Director & Secretary of the Board of Directors
AGE
40
TENURE
1.4 yrs

Fuxing Gao

TITLE
Deputy General Manager
TENURE
9.1 yrs

Jianqiu Lan

TITLE
General Manager and Director
TENURE
7.4 yrs
Board of Directors Tenure

Average tenure and age of the Zhangjiagang Freetrade Science & Technology Group board of directors in years:

7.4
Average Tenure
46
Average Age
  • The tenure for the Zhangjiagang Freetrade Science & Technology Group board of directors is about average.
Board of Directors

Yong Tang

TITLE
Chairman of the Board

Bao Chen

TITLE
Director & Secretary of the Board of Directors
AGE
40
TENURE
1.4 yrs

Jianqiu Lan

TITLE
General Manager and Director
TENURE
9.4 yrs

Fusheng Yang

TITLE
Independent Director
COMPENSATION
CN¥50K
TENURE
9.4 yrs

Quan Xinna

TITLE
Director
COMPENSATION
CN¥260K

Wenyun Yao

TITLE
Independent Director
TENURE
7.4 yrs

Xing Li

TITLE
Independent Director
TENURE
7.4 yrs

Rong Xing Xie

TITLE
Independent Director
AGE
69
TENURE
7.4 yrs

Feng Zhou

TITLE
Director
AGE
42
TENURE
1.4 yrs

Yan Hui

TITLE
Independent Director
AGE
50
TENURE
2.6 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 Zhangjiagang Freetrade Science & Technology Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Zhangjiagang Freetrade Science & Technology Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

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

600794 News

Simply Wall St News

600794 Company Info

Description

Zhangjiagang Freetrade Science & Technology Group Co., Ltd., through its subsidiaries, operates in port terminal business in China. It is involved in the chemical warehousing, and trading and logistics business. The company was formerly known as Zhangjiagang Freetrade Science and Technology Co., Ltd. and changed its name to Zhangjiagang Freetrade Science & Technology Group Co., Ltd. in June 2017. Zhangjiagang Freetrade Science & Technology Group Co., Ltd. was founded in 1993 and is based in Suzhou, China.

Details
Name: Zhangjiagang Freetrade Science & Technology Group Co., Ltd.
600794
Exchange: XSSC
Founded: 1993
CN¥4,048,588,204
1,212,152,157
Website: http://www.zftc.net
Address: Zhangjiagang Freetrade Science & Technology Group Co., Ltd.
Petrochemical Trading Building,
27th-28th Floors,
Suzhou,
Jiangsu Province, 215634,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SHSE 600794 Domestic Shares Shanghai Stock Exchange CN CNY 21. Apr 1997
XSSC 600794 Domestic Shares Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect CN CNY 21. Apr 1997
Number of employees
Current staff
Staff numbers
486
Zhangjiagang Freetrade Science & Technology Group employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/09 15:35
End of day share price update: 2020/04/08 00:00
Last estimates confirmation: 2020/03/30
Last earnings filing: 2020/03/30
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.