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Bros EasternLtd

XSSC:601339
Snowflake Description

Fair value second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
601339
XSSC
CN¥6B
Market Cap
  1. Home
  2. CN
  3. Consumer Durables
Company description

Bros Eastern Co., Ltd engages in the research, development, manufacture, and marketing of dyed mélange yarns. The last earnings update was 38 days ago. More info.


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601339 Share Price and Events
7 Day Returns
-1%
XSSC:601339
0.1%
CN Luxury
-0.1%
CN Market
1 Year Returns
-27.2%
XSSC:601339
-9.2%
CN Luxury
14.1%
CN Market
601339 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bros EasternLtd (601339) -1% -5.6% -4.2% -27.2% -39.8% -
CN Luxury 0.1% -4.6% -7.6% -9.2% -51.3% -23.1%
CN Market -0.1% -2.8% -3.6% 14.1% -18.3% 7.6%
1 Year Return vs Industry and Market
  • 601339 underperformed the Luxury industry which returned -9.2% over the past year.
  • 601339 underperformed the Market in China which returned 14.1% over the past year.
Price Volatility
601339
Industry
5yr Volatility vs Market

601339 Value

 Is Bros EasternLtd 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 Bros EasternLtd 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 Bros EasternLtd.

XSSC:601339 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-09-30) in CNY CN¥ 0.11833333333333
Payout Ratio Company Filings (2019-09-30) 6884.6%
Discount Rate (Cost of Equity) See below 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 XSSC:601339
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))
= 0.838 (1 + (1- 25%) (97.07%))
0.923
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.92
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.2% + (0.923 * 6.33%)
9.04%

Discounted Cash Flow Calculation for XSSC:601339 using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Bros EasternLtd is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

XSSC:601339 Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= CN¥0.12 / (9.04% - 3.2%)
CN¥1.71
XSSC:601339 Discount to Share Price
Calculation Result
Value per share (CNY) From above. CN¥1.71
Current discount Discount to share price of CN¥3.88
= -1 x (CN¥3.88 - CN¥1.71) / CN¥1.71
-126.8%

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

  • The current share price of Bros EasternLtd is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Bros EasternLtd's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bros EasternLtd's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
XSSC:601339 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in CNY CN¥0.18
SHSE:601339 Share Price ** SHSE (2019-12-04) in CNY CN¥3.88
China Luxury Industry PE Ratio Median Figure of 81 Publicly-Listed Luxury Companies 22.9x
China Market PE Ratio Median Figure of 2,996 Publicly-Listed Companies 29.88x

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

** Primary Listing of Bros EasternLtd.

XSSC:601339 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SHSE:601339 Share Price ÷ EPS (both in CNY)

= 3.88 ÷ 0.18

21.58x

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

  • Bros EasternLtd is good value based on earnings compared to the CN Luxury industry average.
  • Bros EasternLtd is good value based on earnings compared to the China market.
Price based on expected Growth
Does Bros EasternLtd's expected growth come at a high price?
Raw Data
XSSC:601339 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 21.58x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
20.2%per year
China Luxury Industry PEG Ratio Median Figure of 41 Publicly-Listed Luxury Companies 1.07x
China Market PEG Ratio Median Figure of 1,262 Publicly-Listed Companies 1.19x

*Line of best fit is calculated by linear regression .

XSSC:601339 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 21.58x ÷ 20.2%

1.07x

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

  • Bros EasternLtd is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Bros EasternLtd's assets?
Raw Data
XSSC:601339 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in CNY CN¥5.34
SHSE:601339 Share Price * SHSE (2019-12-04) in CNY CN¥3.88
China Luxury Industry PB Ratio Median Figure of 96 Publicly-Listed Luxury Companies 1.71x
China Market PB Ratio Median Figure of 3,603 Publicly-Listed Companies 2.2x
XSSC:601339 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SHSE:601339 Share Price ÷ Book Value per Share (both in CNY)

= 3.88 ÷ 5.34

0.73x

* Primary Listing of Bros EasternLtd.

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

  • Bros EasternLtd is good value based on assets compared to the CN Luxury industry average.
X
Value checks
We assess Bros EasternLtd'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. Bros EasternLtd has a total score of 3/6, 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.

601339 Future Performance

 How is Bros EasternLtd expected to perform in the next 1 to 3 years based on estimates from 5 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
20.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Bros EasternLtd expected to grow at an attractive rate?
  • Bros EasternLtd's earnings growth is expected to exceed the low risk savings rate of 3.2%.
Growth vs Market Checks
  • Bros EasternLtd's earnings growth is positive but not above the China market average.
  • Bros EasternLtd's revenue growth is positive but not above the China market average.
Annual Growth Rates Comparison
Raw Data
XSSC:601339 Future Growth Rates Data Sources
Data Point Source Value (per year)
XSSC:601339 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 20.2%
XSSC:601339 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 10.4%
China Luxury Industry Earnings Growth Rate Market Cap Weighted Average 21.6%
China Luxury Industry Revenue Growth Rate Market Cap Weighted Average 12.6%
China Market Earnings Growth Rate Market Cap Weighted Average 20.8%
China Market Revenue Growth Rate Market Cap Weighted Average 15.6%

*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:601339 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
XSSC:601339 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 7,799 774 653 4
2020-12-31 7,104 456 586 4
2019-12-31 6,437 1,051 504 4
2019-12-05
XSSC:601339 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-09-30 6,009 -10 269
2019-06-30 5,920 -812 336
2019-03-31 6,173 -786 473
2018-12-31 5,998 -560 438
2018-09-30 5,945 -102 566
2018-06-30 5,832 124 505
2018-03-31 5,918 648 462
2017-12-31 5,952 373 488
2017-09-30 5,947 485 594
2017-06-30 5,914 826 613
2017-03-31 5,720 1,056 619
2016-12-31 5,472 1,388 605

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Bros EasternLtd's earnings are expected to grow significantly at over 20% yearly.
  • Bros EasternLtd's revenue is expected to grow by 10.4% 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
XSSC:601339 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Bros EasternLtd Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

XSSC:601339 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.44 0.50 0.35 4.00
2020-12-31 0.39 0.45 0.32 4.00
2019-12-31 0.34 0.39 0.27 4.00
2019-12-05
XSSC:601339 Past Financials Data
Date (Data in CNY Millions) EPS *
2019-09-30 0.18
2019-06-30 0.22
2019-03-31 0.31
2018-12-31 0.29
2018-09-30 0.38
2018-06-30 0.34
2018-03-31 0.31
2017-12-31 0.33
2017-09-30 0.39
2017-06-30 0.41
2017-03-31 0.41
2016-12-31 0.40

*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.
  • Bros EasternLtd is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Bros EasternLtd'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.
Bros EasternLtd has a total score of 2/6, 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.

601339 Past Performance

  How has Bros EasternLtd 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 Bros EasternLtd'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.
  • Bros EasternLtd's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Bros EasternLtd's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Bros EasternLtd's 1-year earnings growth is negative, it can't be compared to the CN Luxury industry average.
Earnings and Revenue History
Bros EasternLtd'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 Bros EasternLtd Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

XSSC:601339 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 6,008.91 268.85 447.03 141.57
2019-06-30 5,919.59 336.02 435.40 138.23
2019-03-31 6,173.42 472.52 433.46 134.57
2018-12-31 5,997.86 437.53 422.47 141.74
2018-09-30 5,945.45 565.75 410.95 274.80
2018-06-30 5,832.19 505.24 399.16 253.76
2018-03-31 5,917.57 461.93 416.15 206.97
2017-12-31 5,952.21 487.74 435.45 175.16
2017-09-30 5,947.15 594.32 382.79 17.41
2017-06-30 5,914.49 613.13 450.04
2017-03-31 5,719.69 619.21 423.95
2016-12-31 5,471.67 604.98 434.20
2016-09-30 5,292.92 487.82 509.14
2016-06-30 5,140.04 398.18 474.99
2016-03-31 5,027.50 344.19 492.32
2015-12-31 5,016.04 365.16 478.76
2015-09-30 4,899.81 349.97 470.43
2015-06-30 4,798.15 500.00 465.50
2015-03-31 4,695.94 489.27 445.93
2014-12-31 4,620.64 473.51 435.56
2014-09-30 4,521.90 462.77 423.15
2014-06-30 4,402.23 434.89 410.50
2014-03-31 4,270.56 513.61 412.66
2013-12-31 4,273.36 507.64 409.74
2013-09-30 4,468.49 483.85 399.70
2013-06-30 4,466.70 359.80 389.09
2013-03-31 4,792.45 280.74 397.97
2012-12-31 4,770.16 251.30 384.13

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Bros EasternLtd has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Bros EasternLtd used its assets less efficiently than the CN Luxury industry average last year based on Return on Assets.
  • Bros EasternLtd's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Bros EasternLtd'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.
Bros EasternLtd has a total score of 0/6, 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.

601339 Health

 How is Bros EasternLtd'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 Bros EasternLtd's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Bros EasternLtd is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Bros EasternLtd's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Bros EasternLtd'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 1.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Bros EasternLtd Company Filings, last reported 2 months ago.

XSSC:601339 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 8,009.09 5,649.46 1,094.88
2019-06-30 7,797.15 6,883.18 2,183.32
2019-03-31 7,788.45 6,786.88 2,252.05
2018-12-31 7,733.56 4,807.15 1,414.06
2018-09-30 7,689.25 4,355.13 1,142.86
2018-06-30 7,480.85 4,522.09 1,910.07
2018-03-31 7,261.75 3,937.67 1,067.02
2017-12-31 7,265.89 3,572.93 1,623.43
2017-09-30 7,193.63 3,767.45 1,460.71
2017-06-30 7,344.22 3,680.68 2,216.94
2017-03-31 7,416.04 3,171.31 1,196.00
2016-12-31 7,296.53 3,303.38 2,604.59
2016-09-30 6,993.53 3,023.82 1,512.74
2016-06-30 6,874.25 2,826.73 1,694.85
2016-03-31 6,822.25 3,074.65 1,177.23
2015-12-31 6,800.14 3,468.20 2,083.03
2015-09-30 6,645.25 2,986.52 1,022.34
2015-06-30 6,626.26 3,587.28 2,982.92
2015-03-31 6,656.87 2,900.40 1,153.80
2014-12-31 6,536.54 2,924.17 2,595.13
2014-09-30 6,456.85 2,868.86 1,140.89
2014-06-30 6,304.60 2,717.65 2,792.05
2014-03-31 6,329.83 2,213.06 954.90
2013-12-31 6,215.99 1,880.12 3,376.41
2013-09-30 6,153.57 1,019.66 783.69
2013-06-30 6,022.68 1,368.97 3,102.33
2013-03-31 5,895.32 1,779.51 1,721.80
2012-12-31 5,797.74 2,042.40 3,424.15
  • Bros EasternLtd's level of debt (70.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (44.4% vs 70.5% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are not well covered by earnings (EBIT is 1.5x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Bros EasternLtd'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. Bros EasternLtd has a total score of 2/6, 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.

601339 Dividends

 What is Bros EasternLtd's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.27%
Current annual income from Bros EasternLtd dividends. Estimated to be 3.05% next year.
If you bought CN¥2,000 of Bros EasternLtd shares you are expected to receive CN¥45 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?
  • Bros EasternLtd's pays a higher dividend yield than the bottom 25% of dividend payers in China (0.48%).
  • Bros EasternLtd's dividend is above the markets top 25% of dividend payers in China (1.98%).
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:601339 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 5 Analyst Estimates (S&P Global) See Below
China Luxury Industry Average Dividend Yield Market Cap Weighted Average of 70 Stocks 3.2%
China Market Average Dividend Yield Market Cap Weighted Average of 2577 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.

XSSC:601339 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.14 2.00
2020-12-31 0.12 2.00
2019-12-31 0.10 2.00
2019-12-05
XSSC:601339 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-03-21 0.088 1.996
2018-10-24 0.000 0.000
2018-08-02 0.000 0.000
2018-06-27 0.200 3.600
2017-10-26 0.256 4.842
2017-09-07 0.256 4.399
2017-05-25 0.152 2.551
2016-03-28 0.109 1.757
2015-06-19 0.110 1.643
2014-04-16 0.102 1.901
2013-04-19 0.053 1.179

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

  • Bros EasternLtd has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Bros EasternLtd only paid a dividend in the past 7 years.
Current Payout to shareholders
What portion of Bros EasternLtd's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2x 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 Bros EasternLtd'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 Bros EasternLtd afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Bros EasternLtd 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.

601339 Management

 What is the CEO of Bros EasternLtd'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
Weixin Yang
COMPENSATION CN¥1,578,600
AGE 56
TENURE AS CEO 4.4 years
CEO Bio

Mr. Weixin Yang has been General Manager of Bros Eastern Co., Ltd. since July 9, 2015. Mr. Yang has been the Chairman of the Board of Directors of Bros Eastern Co., Ltd. since September 9, 2013, Ningbo Bailong Spinning and Weaving Co., Ltd. since April 13, 2001, Caoxian Bailong Spinning and Weaving Co., Ltd. since May 19, 2000, Nangong Bailong Spinning and Weaving Co., Ltd. since June 10, 2004, Huai An Bailong Industry Co., Ltd. since September 12, 2007, Ningbo Haide Knitting and Dyeing Co., Ltd. since June 18, 1998, Yuyao Baili Special Spinning and Weaving Ranzheng Co., Ltd. since May 17, 1999, Shandong Bailong Spinning and Weaving Co., Ltd. since May 31, 2010 and Huai An New Country Spinning, Weaving Co., Ltd. siince May 31, 2010, Ningbo Bailong Real Estate Co., Ltd. since May 26, 2003, Yuyao Bailong Real Estate Co., Ltd. since September 12, 2006, Ningbo Jiangdong Bailong Real Estate Co., Ltd. since December 15, 2006, Jiangsu Sande Real Estate Co., Ltd. since November 13, 2008 and Ningbo Bailong East Shanghai Bund Real Estate Co., Ltd. since July 18, 2007. Mr. Yang served as the Chairman of Aksu Jiujiu Cotton Fabric Co., Ltd. from June 11, 2004 to July 31, 2013, Kashi Prefecture Long Cotton Spinning Co., Ltd. from January 23, 2006 to July 31, 2013, Shaya Jiumian Industry Co., Ltd. from December 28, 2003 to June 30, 2013, Yulixian Jiumian Industry Co., Ltd. from February 26, 2004 to May 31, 2013, Aksu Prefecture Bailong Cotton Industry Co., Ltd. from September 19, 2003 to July 31, 2013 and Maigeti Jiu Cotton Industry Co., Ltd. from March 6, 2006 to July 31, 2013. He has been Vice Chairman of Bailong Spinning and Weaving (Shenzhen) Co., Ltd. since September 18, 2001. He has been an Executive Director of Ningbo Jiuniu Investment Consultancy Co., Ltd. since July 1, 2010 and Ningbo Bailong Trade Co., Ltd. since December 6, 1993. He has been a Director of Great State Investment Development Co., Ltd. since March 3, 2003, Sanniu Co., Ltdd. since May 7, 2010, Bailong East Investment Co., Ltd. since April 9, 2010, Bailong East (Hong Kong) Co., Ltd. since November 30, 2009, East Hong Kong Co., Ltd. since July 28, 2009 and Bros Holding Ltd. since June 12, 1997.

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

Average tenure and age of the Bros EasternLtd management team in years:

6.3
Average Tenure
55
Average Age
  • The average tenure for the Bros EasternLtd management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Weixin Yang

TITLE
Chairman of the Board of Directors and General Manager
COMPENSATION
CN¥2M
AGE
56
TENURE
4.4 yrs

Hong Pan

TITLE
Deputy General Manager and Director
COMPENSATION
CN¥960K
AGE
56
TENURE
6.3 yrs

Guo Wei

TITLE
Deputy General Manager and Director
COMPENSATION
CN¥594K
AGE
54

Yong Yang

TITLE
Deputy General Manager
COMPENSATION
CN¥368K
AGE
44
TENURE
6.3 yrs

Jing Dong Hua

TITLE
Secretary of the Board of Directors
COMPENSATION
CN¥219K
AGE
56
TENURE
6.3 yrs

Qi Han Dong

TITLE
Chief Financial Officer
AGE
41
Board of Directors Tenure

Average tenure and age of the Bros EasternLtd board of directors in years:

6.3
Average Tenure
58.5
Average Age
  • The tenure for the Bros EasternLtd board of directors is about average.
Board of Directors

Weixin Yang

TITLE
Chairman of the Board of Directors and General Manager
COMPENSATION
CN¥2M
AGE
56
TENURE
6.3 yrs

Wei Guo Yang

TITLE
Vice Chairman of the Board of Directors
COMPENSATION
CN¥1M
AGE
62
TENURE
6.3 yrs

Hong Pan

TITLE
Deputy General Manager and Director
COMPENSATION
CN¥960K
AGE
56
TENURE
6.3 yrs

Guo Wei

TITLE
Deputy General Manager and Director
COMPENSATION
CN¥594K
AGE
54
TENURE
6.3 yrs

Xiao Peng Zhu

TITLE
Chairman of the Supervisory Board
COMPENSATION
CN¥284K
AGE
53
TENURE
6.3 yrs

Kun Chen

TITLE
Independent Director
COMPENSATION
CN¥100K
AGE
62
TENURE
5.2 yrs

Yan Chun Cao

TITLE
Director
COMPENSATION
CN¥961K
AGE
62
TENURE
6.3 yrs

Gongjin Han

TITLE
Director
COMPENSATION
CN¥601K
AGE
61
TENURE
4.4 yrs

Xin Min Bao

TITLE
Independent Director
COMPENSATION
CN¥100K
AGE
48

Ru Bing Zhao

TITLE
Independent Director
AGE
63
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 Bros EasternLtd'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. Bros EasternLtd 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.

601339 News

Simply Wall St News

601339 Company Info

Description

Bros Eastern Co., Ltd engages in the research, development, manufacture, and marketing of dyed mélange yarns. It sells its products in Europe, Asia, the United States, Hong Kong, and China. The company was founded in 1989 and is based in Ningbo, China.

Details
Name: Bros Eastern Co.,Ltd
601339
Exchange: XSSC
Founded: 1989
CN¥5,820,000,000
1,500,000,000
Website: http://www.bros.com.cn
Address: Bros Eastern Co.,Ltd
NO.188 Yongjiang Avenue,
8th Floor,
Ningbo,
Zhejiang Province, China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SHSE 601339 Domestic Shares Shanghai Stock Exchange CN CNY 12. Jun 2012
XSSC 601339 Domestic Shares Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect CN CNY 12. Jun 2012
Number of employees
Current staff
Staff numbers
18,507
Bros EasternLtd employees.
Industry
Textiles
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/05 15:43
End of day share price update: 2019/12/04 00:00
Last estimates confirmation: 2019/10/30
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.