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Luolai Lifestyle Technology

SZSE:002293
Snowflake Description

Excellent balance sheet, good value and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
002293
SZSE
CN¥7B
Market Cap
  1. Home
  2. CN
  3. Consumer Durables
Company description

Luolai Lifestyle Technology Co., Ltd. researches, develops, produces, markets, and sells home textiles. The last earnings update was 37 days ago. More info.


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002293 Share Price and Events
7 Day Returns
-0.7%
SZSE:002293
-2.1%
CN Luxury
-0.1%
CN Market
1 Year Returns
-23.1%
SZSE:002293
-23.2%
CN Luxury
-9.2%
CN Market
002293 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Luolai Lifestyle Technology (002293) -0.7% -6% -5.2% -23.1% -27.4% -38.3%
CN Luxury -2.1% -12.9% -8.8% -23.2% -47% -50%
CN Market -0.1% -9.8% -6.1% -9.2% -16.2% -26.5%
1 Year Return vs Industry and Market
  • 002293 matched the Luxury industry (-23.2%) over the past year.
  • 002293 underperformed the Market in China which returned -9.2% over the past year.
Price Volatility
002293
Industry
5yr Volatility vs Market

Value

 Is Luolai Lifestyle Technology 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 Luolai Lifestyle Technology 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 Luolai Lifestyle Technology.

SZSE:002293 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.8%
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 SZSE:002293
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 0.83
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.831 (1 + (1- 25%) (0.34%))
0.888
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% + (0.888 * 6.33%)
8.82%

Discounted Cash Flow Calculation for SZSE:002293 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Luolai Lifestyle Technology 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.

SZSE:002293 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 8.82%)
2020 365.00 Analyst x1 335.40
2021 774.00 Analyst x1 653.57
2022 1,086.98 Est @ 40.44% 843.44
2023 1,405.10 Est @ 29.27% 1,001.87
2024 1,706.44 Est @ 21.45% 1,118.08
2025 1,979.00 Est @ 15.97% 1,191.53
2026 2,219.26 Est @ 12.14% 1,227.85
2027 2,429.17 Est @ 9.46% 1,235.01
2028 2,613.32 Est @ 7.58% 1,220.90
2029 2,777.09 Est @ 6.27% 1,192.21
Present value of next 10 years cash flows CN¥10,019.00
SZSE:002293 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥2,777.09 × (1 + 3.2%) ÷ (8.82% – 3.2%)
CN¥50,962.03
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥50,962.03 ÷ (1 + 8.82%)10
CN¥21,878.20
SZSE:002293 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥10,019.00 + CN¥21,878.20
CN¥31,897.20
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥31,897.20 / 827.21
CN¥38.56
SZSE:002293 Discount to Share Price
Calculation Result
Value per share (CNY) From above. CN¥38.56
Current discount Discount to share price of CN¥8.70
= -1 x (CN¥8.70 - CN¥38.56) / CN¥38.56
77.4%

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

Current Discount
Amount off the current price Luolai Lifestyle Technology is available for.
Intrinsic value
>50%
Share price is CN¥8.7 vs Future cash flow value of CN¥38.56
Current Discount Checks
For Luolai Lifestyle Technology to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Luolai Lifestyle Technology's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Luolai Lifestyle Technology'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 Luolai Lifestyle Technology's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Luolai Lifestyle Technology's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SZSE:002293 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CNY CN¥0.66
SZSE:002293 Share Price ** SZSE (2020-04-03) in CNY CN¥8.7
China Luxury Industry PE Ratio Median Figure of 85 Publicly-Listed Luxury Companies 29.03x
China Market PE Ratio Median Figure of 3,196 Publicly-Listed Companies 32.32x

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

** Primary Listing of Luolai Lifestyle Technology.

SZSE:002293 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SZSE:002293 Share Price ÷ EPS (both in CNY)

= 8.7 ÷ 0.66

13.27x

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

  • Luolai Lifestyle Technology is good value based on earnings compared to the CN Luxury industry average.
  • Luolai Lifestyle Technology is good value based on earnings compared to the China market.
Price based on expected Growth
Does Luolai Lifestyle Technology's expected growth come at a high price?
Raw Data
SZSE:002293 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.27x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
10.2%per year
China Luxury Industry PEG Ratio Median Figure of 38 Publicly-Listed Luxury Companies 0.95x
China Market PEG Ratio Median Figure of 1,275 Publicly-Listed Companies 1.26x

*Line of best fit is calculated by linear regression .

SZSE:002293 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.27x ÷ 10.2%

1.3x

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

  • Luolai Lifestyle Technology is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Luolai Lifestyle Technology's assets?
Raw Data
SZSE:002293 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CNY CN¥4.73
SZSE:002293 Share Price * SZSE (2020-04-03) in CNY CN¥8.7
China Luxury Industry PB Ratio Median Figure of 97 Publicly-Listed Luxury Companies 1.8x
China Market PB Ratio Median Figure of 3,691 Publicly-Listed Companies 2.26x
SZSE:002293 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SZSE:002293 Share Price ÷ Book Value per Share (both in CNY)

= 8.7 ÷ 4.73

1.84x

* Primary Listing of Luolai Lifestyle Technology.

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

  • Luolai Lifestyle Technology is overvalued based on assets compared to the CN Luxury industry average.
X
Value checks
We assess Luolai Lifestyle Technology'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. Luolai Lifestyle Technology 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.

Future Performance

 How is Luolai Lifestyle Technology expected to perform in the next 1 to 3 years based on estimates from 4 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
10.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Luolai Lifestyle Technology expected to grow at an attractive rate?
  • Luolai Lifestyle Technology's earnings growth is expected to exceed the low risk savings rate of 3.2%.
Growth vs Market Checks
  • Luolai Lifestyle Technology's earnings growth is positive but not above the China market average.
  • Luolai Lifestyle Technology's revenue growth is positive but not above the China market average.
Annual Growth Rates Comparison
Raw Data
SZSE:002293 Future Growth Rates Data Sources
Data Point Source Value (per year)
SZSE:002293 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 10.2%
SZSE:002293 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 8.1%
China Luxury Industry Earnings Growth Rate Market Cap Weighted Average 23.5%
China Luxury Industry Revenue Growth Rate Market Cap Weighted Average 12.7%
China Market Earnings Growth Rate Market Cap Weighted Average 20.9%
China Market Revenue Growth Rate Market Cap Weighted Average 15.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

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

Analysts growth expectations
Raw Data
SZSE:002293 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SZSE:002293 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 5,697 726 654 4
2020-12-31 4,475 552 404 1
2020-04-04
SZSE:002293 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-12-31 4,861 541
2019-09-30 4,756 724 516
2019-06-30 4,803 408 523
2019-03-31 4,785 193 523
2018-12-31 4,813 106 535
2018-09-30 4,931 171 494
2018-06-30 4,877 472 485
2018-03-31 4,776 285 468
2017-12-31 4,662 398 428
2017-09-30 4,180 305 368
2017-06-30 3,791 345 328
2017-03-31 3,447 516 325

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Luolai Lifestyle Technology's earnings are expected to grow by 10.2% yearly, however this is not considered high growth (20% yearly).
  • Luolai Lifestyle Technology's revenue is expected to grow by 8.1% 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
SZSE:002293 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 4 Analyst Estimates (S&P Global) See Below

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

SZSE:002293 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.87 0.97 0.81 3.00
2020-12-31 0.49 0.49 0.49 1.00
2020-04-04
SZSE:002293 Past Financials Data
Date (Data in CNY Millions) EPS *
2019-12-31 0.66
2019-09-30 0.63
2019-06-30 0.64
2019-03-31 0.64
2018-12-31 0.66
2018-09-30 0.62
2018-06-30 0.61
2018-03-31 0.60
2017-12-31 0.55
2017-09-30 0.48
2017-06-30 0.42
2017-03-31 0.42

*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.
  • Luolai Lifestyle Technology is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Luolai Lifestyle Technology'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.
Luolai Lifestyle Technology 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.

Past Performance

  How has Luolai Lifestyle Technology 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 Luolai Lifestyle Technology'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.
  • Luolai Lifestyle Technology's year on year earnings growth rate has been positive over the past 5 years.
  • Luolai Lifestyle Technology's 1-year earnings growth is less than its 5-year average (1.2% vs 7.1%)
  • Luolai Lifestyle Technology's earnings growth has exceeded the CN Luxury industry average in the past year (1.2% vs 0.2%).
Earnings and Revenue History
Luolai Lifestyle Technology'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 Luolai Lifestyle Technology Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SZSE:002293 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 4,861.24 541.04
2019-09-30 4,756.34 515.66 1,400.78 108.38
2019-06-30 4,803.27 523.49 1,437.88 112.09
2019-03-31 4,785.48 522.64 1,455.70 118.49
2018-12-31 4,812.81 534.52 1,456.43 125.40
2018-09-30 4,930.86 494.44 1,517.58 178.98
2018-06-30 4,877.32 484.67 1,439.36 163.50
2018-03-31 4,775.59 467.53 1,397.75 132.96
2017-12-31 4,661.85 427.88 1,399.83 106.74
2017-09-30 4,179.62 368.37 1,301.34 19.95
2017-06-30 3,790.57 328.09 1,261.43
2017-03-31 3,447.14 325.32 1,162.10
2016-12-31 3,152.22 317.30 1,093.11
2016-09-30 3,024.80 345.72 1,041.41
2016-06-30 3,008.74 377.16 1,006.17
2016-03-31 2,973.09 402.72 1,002.75
2015-12-31 2,915.63 410.09 951.94
2015-09-30 2,927.50 445.21 898.09
2015-06-30 2,899.10 424.49 883.06
2015-03-31 2,809.49 415.52 808.52
2014-12-31 2,761.40 398.09 800.21
2014-09-30 2,681.56 371.67 773.50
2014-06-30 2,558.42 352.42 735.25
2014-03-31 2,566.17 345.15 748.29
2013-12-31 2,524.21 332.15 720.83
2013-09-30 2,599.88 366.13 694.61
2013-06-30 2,766.54 385.51 720.98

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

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

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

Health

 How is Luolai Lifestyle Technology'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 Luolai Lifestyle Technology's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Luolai Lifestyle Technology is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Luolai Lifestyle Technology's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Luolai Lifestyle Technology'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 158.1x 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 Luolai Lifestyle Technology Company Filings, last reported 3 months ago.

SZSE:002293 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 3,963.56 24.33 1,809.27
2019-09-30 3,963.56 24.33 1,809.27
2019-06-30 3,791.69 24.06 1,660.69
2019-03-31 4,009.35 50.50 1,328.60
2018-12-31 3,873.57 27.45 1,668.26
2018-09-30 3,714.80 188.95 710.12
2018-06-30 3,580.67 239.41 1,633.84
2018-03-31 3,721.69 252.42 920.63
2017-12-31 3,152.73 247.50 1,479.66
2017-09-30 3,043.55 406.32 352.51
2017-06-30 2,904.94 420.92 1,151.46
2017-03-31 3,006.04 524.67 676.67
2016-12-31 2,880.26 488.38 1,718.15
2016-09-30 2,810.04 324.84 528.93
2016-06-30 2,676.24 270.00 1,322.10
2016-03-31 2,770.79 100.00 692.57
2015-12-31 2,655.46 100.00 1,326.74
2015-09-30 2,546.40 0.00 736.93
2015-06-30 2,398.96 0.00 1,168.85
2015-03-31 2,605.73 0.00 669.89
2014-12-31 2,487.33 0.00 1,370.95
2014-09-30 2,304.07 0.00 1,341.80
2014-06-30 2,184.78 0.00 1,112.63
2014-03-31 2,224.40 0.00 1,286.61
2013-12-31 2,125.43 0.00 1,122.82
2013-09-30 2,030.69 0.00 902.92
2013-06-30 1,930.71 0.00 668.73
  • Luolai Lifestyle Technology's level of debt (0.6%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Luolai Lifestyle Technology's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (2974.8%, greater than 20% of total debt).
  • Luolai Lifestyle Technology earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Luolai Lifestyle Technology'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. Luolai Lifestyle Technology has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

Dividends

 What is Luolai Lifestyle Technology'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
4.18%
Current annual income from Luolai Lifestyle Technology dividends. Estimated to be 4.41% next year.
If you bought CN¥2,000 of Luolai Lifestyle Technology shares you are expected to receive CN¥84 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?
  • Luolai Lifestyle Technology's pays a higher dividend yield than the bottom 25% of dividend payers in China (0.46%).
  • Luolai Lifestyle Technology'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
SZSE:002293 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 4 Analyst Estimates (S&P Global) See Below
China Luxury Industry Average Dividend Yield Market Cap Weighted Average of 69 Stocks 3.5%
China Market Average Dividend Yield Market Cap Weighted Average of 2585 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.

SZSE:002293 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.41 1.00
2020-12-31 0.37 2.00
2020-04-04
SZSE:002293 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-04-26 0.364 3.968
2018-05-18 0.318 3.202
2017-05-19 0.182 1.593
2016-05-05 0.182 1.494
2015-05-20 0.364 2.436
2014-05-22 0.127 1.370
2013-04-22 0.127 1.688
2012-05-14 0.182 2.060
2011-05-04 0.258 1.837
2010-03-30 0.127 1.150

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Luolai Lifestyle Technology's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.8x 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 Luolai Lifestyle Technology'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 Luolai Lifestyle Technology afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Luolai Lifestyle Technology has a total score of 4/6, see the detailed checks below.


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

Management

 What is the CEO of Luolai Lifestyle Technology'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
Wei Xue
COMPENSATION CN¥925,800
CEO Bio

Mr. Wei Bin Xue serves as President and Vice Chairman at Luolai Home Textile Co., Ltd.

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

Wei Xue

TITLE
President & Vice Chairman
COMPENSATION
CN¥926K

Lin Tian

TITLE
Chief Financial Officer
COMPENSATION
CN¥774K

Jia Xue

TITLE
VP & Director
COMPENSATION
CN¥571K

Yong Tao

TITLE
VP & Director
COMPENSATION
CN¥567K

Liang Wang

TITLE
Vice President
COMPENSATION
CN¥705K

Yuan Li Xiao

TITLE
Vice President
COMPENSATION
CN¥698K
Board of Directors Tenure

Average tenure of the Luolai Lifestyle Technology board of directors in years:

0.1
Average Tenure
  • The average tenure for the Luolai Lifestyle Technology board of directors is less than 3 years, this suggests a new board.
Board of Directors

David Xue

TITLE
Chairman of the Board
COMPENSATION
CN¥126K

Wei Xue

TITLE
President & Vice Chairman
COMPENSATION
CN¥926K

Jia Xue

TITLE
VP & Director
COMPENSATION
CN¥571K

Yong Tao

TITLE
VP & Director
COMPENSATION
CN¥567K

Yao Yu Xing

TITLE
Chairman of the Supervisory Board
AGE
59

Bingxian Zhao

TITLE
Director
AGE
55

Zhizhi Gong

TITLE
Non Independent Director
TENURE
0.1 yrs

Shanyong Tang

TITLE
Independent Director
TENURE
0.1 yrs

Weili Hong

TITLE
Independent Director
TENURE
0.1 yrs

Wei Lv

TITLE
Independent Director
TENURE
0.1 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 Luolai Lifestyle Technology'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. Luolai Lifestyle Technology has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


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

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

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

News

Simply Wall St News

Company Info

Description

Luolai Lifestyle Technology Co., Ltd. researches, develops, produces, markets, and sells home textiles. The company offers sofas, dining tables, picture frames, and jewelry for living rooms, dining rooms, bedrooms, bathrooms, and other household space; bedding, toys, home life supplies, furnishings, and other ancillary products; lace products; towels, bathrobes, home wear, and bath supplies; and fragrance products. It also provides four piece sets, fillings, products for babies and kids, home clothes, toiletries, smart home products, and other products through Dapu.com. The company offers its products under the Luolai Home, LOVO, Luolai Kids, Lavie Home, Yolanna, Sheridan, Uchino, Zucchi, Millefiori, LAVIE PARFUMS, Bassetti, and Lexington brands. It operates approximately 3,000 stores in China. The company was formerly known as Luolai Home Textile Co., Ltd. and changed its name to Luolai Lifestyle Technology Co., Ltd. in December 2015. Luolai Lifestyle Technology Co., Ltd. was founded in 1992 and is headquartered in Shanghai, China.

Details
Name: Luolai Lifestyle Technology Co., Ltd.
002293
Exchange: SZSE
Founded: 1992
CN¥7,196,711,844
827,208,258
Website: http://www.luolai.com
Address: Luolai Lifestyle Technology Co., Ltd.
No. 3588 Qixin Road,
Minhang District,
Shanghai,
201105,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SZSE 002293 Domestic Shares Shenzhen Stock Exchange CN CNY 10. Sep 2009
XSEC 002293 Domestic Shares Shenzhen Stock Exchange - Shenzhen-Hong Kong Stock Connect CN CNY 10. Sep 2009
Number of employees
Current staff
Staff numbers
3,584
Luolai Lifestyle Technology employees.
Industry
Textiles
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/04 17:26
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/04/02
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.