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Shanghai Shuixing Home Textile

SHSE:603365
Snowflake Description

Flawless balance sheet and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
603365
SHSE
CN¥4B
Market Cap
  1. Home
  2. CN
  3. Consumer Durables
Company description

Shanghai Shuixing Home Textile Co., Ltd. engages in the research and development, design, production, and sale of home textiles in China and internationally. The last earnings update was 155 days ago. More info.


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603365 Share Price and Events
7 Day Returns
1.5%
SHSE:603365
3.1%
CN Luxury
2.3%
CN Market
1 Year Returns
-30%
SHSE:603365
-22.4%
CN Luxury
-8.9%
CN Market
603365 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Shanghai Shuixing Home Textile (603365) 1.5% -4.8% -12.9% -30% - -
CN Luxury 3.1% -6.9% -5.5% -22.4% -45.9% -46.5%
CN Market 2.3% -6.7% -6.1% -8.9% -15.5% -24.4%
1 Year Return vs Industry and Market
  • 603365 underperformed the Luxury industry which returned -22.4% over the past year.
  • 603365 underperformed the Market in China which returned -8.9% over the past year.
Price Volatility
603365
Industry
5yr Volatility vs Market

603365 Value

 Is Shanghai Shuixing Home Textile 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 Shanghai Shuixing Home Textile 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 Shanghai Shuixing Home Textile.

SHSE:603365 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) 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 SHSE:603365
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CN Govt Bond Rate 3.2%
Equity Risk Premium S&P Global 6.3%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.84
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.842 (1 + (1- 25%) (0%))
0.894
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.89
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.2% + (0.894 * 6.33%)
8.86%

Discounted Cash Flow Calculation for SHSE:603365 using 2 Stage Free Cash Flow to Equity Model

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

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

SHSE:603365 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 8.86%)
2020 199.79 Est @ 15.15% 183.54
2021 222.90 Est @ 11.57% 188.10
2022 243.09 Est @ 9.06% 188.44
2023 260.84 Est @ 7.3% 185.75
2024 276.67 Est @ 6.07% 180.99
2025 291.08 Est @ 5.21% 174.92
2026 304.49 Est @ 4.61% 168.09
2027 317.23 Est @ 4.18% 160.87
2028 329.57 Est @ 3.89% 153.53
2029 341.70 Est @ 3.68% 146.23
Present value of next 10 years cash flows CN¥1,730.00
SHSE:603365 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥341.70 × (1 + 3.2%) ÷ (8.86% – 3.2%)
CN¥6,232.09
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥6,232.09 ÷ (1 + 8.86%)10
CN¥2,666.95
SHSE:603365 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥1,730.00 + CN¥2,666.95
CN¥4,396.95
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥4,396.95 / 266.67
CN¥16.49
SHSE:603365 Discount to Share Price
Calculation Result
Value per share (CNY) From above. CN¥16.49
Current discount Discount to share price of CN¥13.35
= -1 x (CN¥13.35 - CN¥16.49) / CN¥16.49
19%

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

Current Discount
Amount off the current price Shanghai Shuixing Home Textile is available for.
Intrinsic value
19%
Share price is CN¥13.35 vs Future cash flow value of CN¥16.49
Current Discount Checks
For Shanghai Shuixing Home Textile to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Shanghai Shuixing Home Textile's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Shanghai Shuixing Home Textile'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 Shanghai Shuixing Home Textile's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Shanghai Shuixing Home Textile's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SHSE:603365 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in CNY CN¥1.19
SHSE:603365 Share Price ** SHSE (2020-03-31) in CNY CN¥13.35
China Luxury Industry PE Ratio Median Figure of 85 Publicly-Listed Luxury Companies 30.83x
China Market PE Ratio Median Figure of 3,186 Publicly-Listed Companies 31.88x

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

** Primary Listing of Shanghai Shuixing Home Textile.

SHSE:603365 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SHSE:603365 Share Price ÷ EPS (both in CNY)

= 13.35 ÷ 1.19

11.23x

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

  • Shanghai Shuixing Home Textile is good value based on earnings compared to the CN Luxury industry average.
  • Shanghai Shuixing Home Textile is good value based on earnings compared to the China market.
Price based on expected Growth
Does Shanghai Shuixing Home Textile's expected growth come at a high price?
Raw Data
SHSE:603365 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.23x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
13.7%per year
China Luxury Industry PEG Ratio Median Figure of 39 Publicly-Listed Luxury Companies 0.95x
China Market PEG Ratio Median Figure of 1,276 Publicly-Listed Companies 1.23x

*Line of best fit is calculated by linear regression .

SHSE:603365 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.23x ÷ 13.7%

0.82x

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

  • Shanghai Shuixing Home Textile is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Shanghai Shuixing Home Textile's assets?
Raw Data
SHSE:603365 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in CNY CN¥8.24
SHSE:603365 Share Price * SHSE (2020-03-31) in CNY CN¥13.35
China Luxury Industry PB Ratio Median Figure of 97 Publicly-Listed Luxury Companies 1.78x
China Market PB Ratio Median Figure of 3,687 Publicly-Listed Companies 2.24x
SHSE:603365 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SHSE:603365 Share Price ÷ Book Value per Share (both in CNY)

= 13.35 ÷ 8.24

1.62x

* Primary Listing of Shanghai Shuixing Home Textile.

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

  • Shanghai Shuixing Home Textile is good value based on assets compared to the CN Luxury industry average.
X
Value checks
We assess Shanghai Shuixing Home Textile'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 Luxury 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 Luxury industry average (and greater than 0)? (1 check)
  5. Shanghai Shuixing Home Textile 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.

603365 Future Performance

 How is Shanghai Shuixing Home Textile expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

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

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
13.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Shanghai Shuixing Home Textile expected to grow at an attractive rate?
  • Shanghai Shuixing Home Textile's earnings growth is expected to exceed the low risk savings rate of 3.2%.
Growth vs Market Checks
  • Shanghai Shuixing Home Textile's earnings growth is positive but not above the China market average.
  • Shanghai Shuixing Home Textile's revenue growth is positive but not above the China market average.
Annual Growth Rates Comparison
Raw Data
SHSE:603365 Future Growth Rates Data Sources
Data Point Source Value (per year)
SHSE:603365 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 13.7%
SHSE:603365 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 11.4%
China Luxury Industry Earnings Growth Rate Market Cap Weighted Average 24.2%
China Luxury Industry Revenue Growth Rate Market Cap Weighted Average 14.1%
China Market Earnings Growth Rate Market Cap Weighted Average 21%
China Market Revenue Growth Rate Market Cap Weighted Average 15.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

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

Analysts growth expectations
Raw Data
SHSE:603365 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SHSE:603365 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 3,796 389 430 3
2020-12-31 3,373 418 370 3
2020-03-31
2019-12-31 3,045 498 329 3
SHSE:603365 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-09-30 2,933 290 319
2019-06-30 2,834 322 300
2019-03-31 2,723 215 288
2018-12-31 2,719 240 285
2018-09-30 2,678 246 281
2018-06-30 2,626 141 278
2018-03-31 2,580 242 272
2017-12-31 2,462 306 257
2017-09-30 2,335 194 241
2016-12-31 1,977 266 198

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Shanghai Shuixing Home Textile's earnings are expected to grow by 13.7% yearly, however this is not considered high growth (20% yearly).
  • Shanghai Shuixing Home Textile's revenue is expected to grow by 11.4% 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
SHSE:603365 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Shanghai Shuixing Home Textile Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SHSE:603365 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 1.61 1.67 1.57 3.00
2020-12-31 1.39 1.44 1.34 3.00
2020-03-31
2019-12-31 1.23 1.24 1.22 3.00
SHSE:603365 Past Financials Data
Date (Data in CNY Millions) EPS *
2019-09-30 1.19
2019-06-30 1.12
2019-03-31 1.08
2018-12-31 1.07
2018-09-30 1.11
2018-06-30 1.16
2018-03-31 1.22
2017-12-31 1.25
2017-09-30 1.20
2016-12-31 0.99

*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.
  • Shanghai Shuixing Home Textile is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Shanghai Shuixing Home Textile'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.
Shanghai Shuixing Home Textile has a total score of 1/6, 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.

603365 Past Performance

  How has Shanghai Shuixing Home Textile 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 Shanghai Shuixing Home Textile's growth in the last year to its industry (Luxury).
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.
  • Shanghai Shuixing Home Textile's year on year earnings growth rate has been positive over the past 5 years.
  • Shanghai Shuixing Home Textile's 1-year earnings growth is less than its 5-year average (13.4% vs 18%)
  • Shanghai Shuixing Home Textile's earnings growth has exceeded the CN Luxury industry average in the past year (13.4% vs 0.2%).
Earnings and Revenue History
Shanghai Shuixing Home Textile'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 Shanghai Shuixing Home Textile Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SHSE:603365 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 2,933.30 319.00 671.45 66.08
2019-06-30 2,834.05 300.00 625.95 68.83
2019-03-31 2,723.39 288.13 589.72 68.08
2018-12-31 2,718.89 285.07 566.19 67.53
2018-09-30 2,678.07 281.22 545.91 74.09
2018-06-30 2,626.48 278.00 506.42 107.64
2018-03-31 2,580.47 271.66 517.47 88.46
2017-12-31 2,461.90 257.35 499.78 78.25
2017-09-30 2,334.76 241.23 508.78 59.97
2016-12-31 1,977.02 197.70 467.66
2015-12-31 1,851.19 134.78 428.42
2014-12-31 1,775.58 115.29 437.55

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

603365 Health

 How is Shanghai Shuixing Home Textile'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 Shanghai Shuixing Home Textile's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Shanghai Shuixing Home Textile is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Shanghai Shuixing Home Textile's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Shanghai Shuixing Home Textile'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.
  • Shanghai Shuixing Home Textile has no debt, it does not need to be covered by short term assets.
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 Shanghai Shuixing Home Textile Company Filings, last reported 6 months ago.

SHSE:603365 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 2,198.14 0.00 869.72
2019-06-30 2,191.98 0.00 904.12
2019-03-31 2,266.29 0.00 1,053.01
2018-12-31 2,187.37 0.00 1,171.87
2018-09-30 2,082.97 0.00 423.72
2018-06-30 2,021.97 0.00 865.82
2018-03-31 2,108.14 0.00 663.21
2017-12-31 2,035.63 30.00 1,268.01
2017-09-30 987.15 240.00 150.27
2016-12-31 890.34 180.00 295.13
2015-12-31 752.64 298.00 235.83
2014-12-31 624.59 218.00 109.46
  • Shanghai Shuixing Home Textile has no debt.
  • Shanghai Shuixing Home Textile currently has no debt however we can't compare to 5 years ago as we have no data for that period.
  • Shanghai Shuixing Home Textile has no debt, it does not need to be covered by operating cash flow.
  • Shanghai Shuixing Home Textile has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Shanghai Shuixing Home Textile'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. Shanghai Shuixing Home Textile 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.

603365 Dividends

 What is Shanghai Shuixing Home Textile'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
3%
Current annual income from Shanghai Shuixing Home Textile dividends. Estimated to be 5.54% next year.
If you bought CN¥2,000 of Shanghai Shuixing Home Textile shares you are expected to receive CN¥60 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?
  • Shanghai Shuixing Home Textile's pays a higher dividend yield than the bottom 25% of dividend payers in China (0.46%).
  • Shanghai Shuixing Home Textile's dividend is above the markets top 25% of dividend payers in China (2.03%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SHSE:603365 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 3 Analyst Estimates (S&P Global) See Below
China Luxury Industry Average Dividend Yield Market Cap Weighted Average of 70 Stocks 3.4%
China Market Average Dividend Yield Market Cap Weighted Average of 2581 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.

SHSE:603365 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.79 1.00
2020-12-31 0.69 1.00
2020-03-31
2019-12-31 0.61 1.00
SHSE:603365 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-10-28 0.400 2.671
2019-06-19 0.500 2.885
2018-06-04 0.500 2.966

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

  • Shanghai Shuixing Home Textile has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Shanghai Shuixing Home Textile has only been paying a dividend for 2 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Shanghai Shuixing Home Textile's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.7x 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 Shanghai Shuixing Home Textile'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 Shanghai Shuixing Home Textile afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Shanghai Shuixing Home Textile 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.

603365 Management

 What is the CEO of Shanghai Shuixing Home Textile'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.
  • Shanghai Shuixing Home Textile has no CEO, or we have no data on them.
Management Team
Board of Directors
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CN¥) Value (CN¥)
X
Management checks
We assess Shanghai Shuixing Home Textile'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. Shanghai Shuixing Home Textile 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.

603365 News

Simply Wall St News

603365 Company Info

Description

Shanghai Shuixing Home Textile Co., Ltd. engages in the research and development, design, production, and sale of home textiles in China and internationally. It offers bedspreads, quilts, pillows, single-piece combinations, cushions, children's products, summer supplies, and blankets. The company was founded in 2009 and is based in Shanghai, China.

Details
Name: Shanghai Shuixing Home Textile Co., Ltd.
603365
Exchange: SHSE
Founded: 2009
CN¥3,560,044,500
266,670,000
Website: http://www.shuixing.com
Address: Shanghai Shuixing Home Textile Co., Ltd.
No. 1487, Huhang Road,
Fengxian District,
Shanghai,
201401,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SHSE 603365 Domestic Shares Shanghai Stock Exchange CN CNY 20. Nov 2017
Number of employees
Current staff
Staff numbers
3,669
Shanghai Shuixing Home Textile employees.
Industry
Textiles
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/31 17:27
End of day share price update: 2020/03/31 00:00
Last estimates confirmation: 2020/03/04
Last earnings filing: 2019/10/28
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.