Loading...

We've got a brand new version of Simply Wall St! Try it out

Shenzhen Ellassay Fashion

XSSC:603808
Snowflake Description

Excellent balance sheet and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
603808
XSSC
CN¥4B
Market Cap
  1. Home
  2. CN
  3. Consumer Durables
Company description

Shenzhen Ellassay Fashion Co., Ltd. designs, produces, and sells branded women’s clothing in China and internationally. The last earnings update was 47 days ago. More info.


Add to Portfolio Compare Print
  • Shenzhen Ellassay Fashion has significant price volatility in the past 3 months.
603808 Share Price and Events
7 Day Returns
1.2%
XSSC:603808
0.5%
CN Luxury
1.4%
CN Market
1 Year Returns
-
XSSC:603808
-4.3%
CN Luxury
21.1%
CN Market
603808 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Shenzhen Ellassay Fashion (603808) 1.2% -6.1% -21.6% - - -
CN Luxury 0.5% -0.9% -6.9% -4.3% -49% -22.4%
CN Market 1.4% 2.3% -2.1% 21.1% -12.3% 7.4%
1 Year Return vs Industry and Market
  • No trading data on 603808.
  • No trading data on 603808.
Price Volatility
603808
Industry
5yr Volatility vs Market
Related Companies

603808 Value

 Is Shenzhen Ellassay Fashion 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 Shenzhen Ellassay Fashion 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 Shenzhen Ellassay Fashion.

XSSC:603808 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
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:603808
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))
= 0.833 (1 + (1- 25%) (5.35%))
0.911
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.91
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.2% + (0.911 * 6.33%)
8.96%

Discounted Cash Flow Calculation for XSSC:603808 using 2 Stage Free Cash Flow to Equity Model

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

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

XSSC:603808 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 8.96%)
2020 380.38 Est @ 0.09% 349.09
2021 384.28 Est @ 1.02% 323.66
2022 390.73 Est @ 1.68% 302.01
2023 399.06 Est @ 2.13% 283.08
2024 408.86 Est @ 2.45% 266.17
2025 419.80 Est @ 2.68% 250.82
2026 431.70 Est @ 2.83% 236.71
2027 444.41 Est @ 2.94% 223.63
2028 457.84 Est @ 3.02% 211.43
2029 471.91 Est @ 3.07% 200.01
Present value of next 10 years cash flows CN¥2,646.00
XSSC:603808 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥471.91 × (1 + 3.2%) ÷ (8.96% – 3.2%)
CN¥8,449.69
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥8,449.69 ÷ (1 + 8.96%)10
CN¥3,581.15
XSSC:603808 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥2,646.00 + CN¥3,581.15
CN¥6,227.15
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥6,227.15 / 332.52
CN¥18.73
XSSC:603808 Discount to Share Price
Calculation Result
Value per share (CNY) From above. CN¥18.73
Current discount Discount to share price of CN¥12.91
= -1 x (CN¥12.91 - CN¥18.73) / CN¥18.73
31.1%

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

Current Discount
Amount off the current price Shenzhen Ellassay Fashion is available for.
Intrinsic value
31%
Share price is CN¥12.91 vs Future cash flow value of CN¥18.73
Current Discount Checks
For Shenzhen Ellassay Fashion to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Shenzhen Ellassay Fashion's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Shenzhen Ellassay Fashion'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 Shenzhen Ellassay Fashion's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Shenzhen Ellassay Fashion's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
XSSC:603808 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in CNY CN¥1.10
SHSE:603808 Share Price ** SHSE (2019-12-13) in CNY CN¥12.91
China Luxury Industry PE Ratio Median Figure of 81 Publicly-Listed Luxury Companies 22.86x
China Market PE Ratio Median Figure of 3,002 Publicly-Listed Companies 30.97x

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

** Primary Listing of Shenzhen Ellassay Fashion.

XSSC:603808 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SHSE:603808 Share Price ÷ EPS (both in CNY)

= 12.91 ÷ 1.10

11.7x

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

  • Shenzhen Ellassay Fashion is good value based on earnings compared to the CN Luxury industry average.
  • Shenzhen Ellassay Fashion is good value based on earnings compared to the China market.
Price based on expected Growth
Does Shenzhen Ellassay Fashion's expected growth come at a high price?
Raw Data
XSSC:603808 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.7x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
17.8%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 1.24x

*Line of best fit is calculated by linear regression .

XSSC:603808 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.7x ÷ 17.8%

0.66x

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

  • Shenzhen Ellassay Fashion is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Shenzhen Ellassay Fashion's assets?
Raw Data
XSSC:603808 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in CNY CN¥7.02
SHSE:603808 Share Price * SHSE (2019-12-13) in CNY CN¥12.91
China Luxury Industry PB Ratio Median Figure of 96 Publicly-Listed Luxury Companies 1.79x
China Market PB Ratio Median Figure of 3,609 Publicly-Listed Companies 2.26x
XSSC:603808 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SHSE:603808 Share Price ÷ Book Value per Share (both in CNY)

= 12.91 ÷ 7.02

1.84x

* Primary Listing of Shenzhen Ellassay Fashion.

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

  • Shenzhen Ellassay Fashion is overvalued based on assets compared to the CN Luxury industry average.
X
Value checks
We assess Shenzhen Ellassay Fashion'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. Shenzhen Ellassay Fashion 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.

603808 Future Performance

 How is Shenzhen Ellassay Fashion 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
17.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Shenzhen Ellassay Fashion expected to grow at an attractive rate?
  • Shenzhen Ellassay Fashion's earnings growth is expected to exceed the low risk savings rate of 3.2%.
Growth vs Market Checks
  • Shenzhen Ellassay Fashion's earnings growth is positive but not above the China market average.
  • Shenzhen Ellassay Fashion's revenue growth is expected to exceed the China market average.
Annual Growth Rates Comparison
Raw Data
XSSC:603808 Future Growth Rates Data Sources
Data Point Source Value (per year)
XSSC:603808 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 17.8%
XSSC:603808 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 16.4%
China Luxury Industry Earnings Growth Rate Market Cap Weighted Average 21.7%
China Luxury Industry Revenue Growth Rate Market Cap Weighted Average 12.5%
China Market Earnings Growth Rate Market Cap Weighted Average 20.9%
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:603808 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:603808 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 3,811 629 583 5
2020-12-31 3,273 526 496 5
2019-12-31 2,805 583 422 5
2019-12-14
XSSC:603808 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-09-30 2,585 462 372
2019-06-30 2,621 462 394
2019-03-31 2,484 370 374
2018-12-31 2,436 410 365
2018-09-30 2,410 461 368
2018-06-30 2,357 497 342
2018-03-31 2,288 531 322
2017-12-31 2,053 460 302
2017-09-30 1,828 224 310
2017-06-30 1,511 226 271
2017-03-31 1,291 150 234
2016-12-31 1,132 101 198

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Shenzhen Ellassay Fashion's earnings are expected to grow by 17.8% yearly, however this is not considered high growth (20% yearly).
  • Shenzhen Ellassay Fashion's revenue is expected to grow by 16.4% 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:603808 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 Shenzhen Ellassay Fashion Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

XSSC:603808 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 1.75 1.94 1.52 5.00
2020-12-31 1.49 1.65 1.33 5.00
2019-12-31 1.26 1.39 1.20 5.00
2019-12-14
XSSC:603808 Past Financials Data
Date (Data in CNY Millions) EPS *
2019-09-30 1.10
2019-06-30 1.17
2019-03-31 1.10
2018-12-31 1.08
2018-09-30 1.10
2018-06-30 1.01
2018-03-31 0.96
2017-12-31 0.91
2017-09-30 0.89
2017-06-30 0.87
2017-03-31 0.75
2016-12-31 0.63

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

603808 Past Performance

  How has Shenzhen Ellassay Fashion 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 Shenzhen Ellassay Fashion'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.
  • Shenzhen Ellassay Fashion has delivered over 20% year on year earnings growth in the past 5 years.
  • Shenzhen Ellassay Fashion's 1-year earnings growth is less than its 5-year average (1% vs 25.9%)
  • Shenzhen Ellassay Fashion's earnings growth has exceeded the CN Luxury industry average in the past year (1% vs -1.5%).
Earnings and Revenue History
Shenzhen Ellassay Fashion'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 Shenzhen Ellassay Fashion Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

XSSC:603808 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 2,584.88 372.05 1,052.74 83.91
2019-06-30 2,620.95 393.91 1,043.04 82.15
2019-03-31 2,483.92 373.85 993.32 83.93
2018-12-31 2,436.10 365.01 978.47 79.44
2018-09-30 2,409.89 368.33 951.76 83.62
2018-06-30 2,357.33 341.72 891.46 119.78
2018-03-31 2,288.30 322.33 898.14 95.32
2017-12-31 2,053.05 302.32 818.70 76.15
2017-09-30 1,828.28 309.98 735.54 58.82
2017-06-30 1,510.85 271.47 675.28
2017-03-31 1,291.35 234.44 562.71
2016-12-31 1,132.06 197.95 507.21
2016-09-30 942.07 144.94 441.74
2016-06-30 869.69 142.67 408.55
2016-03-31 836.43 149.91 385.60
2015-12-31 835.29 159.84 362.06
2015-09-30 782.81 140.29 335.24
2015-06-30 781.49 144.88 319.06
2015-03-31 748.38 138.34 304.30
2014-12-31 743.95 138.02 299.74
2013-12-31 710.41 136.65 270.98
2012-12-31 599.10 122.30 214.63

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

603808 Health

 How is Shenzhen Ellassay Fashion'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 Shenzhen Ellassay Fashion's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Shenzhen Ellassay Fashion is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Shenzhen Ellassay Fashion's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Shenzhen Ellassay Fashion'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 7.8x 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 Shenzhen Ellassay Fashion Company Filings, last reported 2 months ago.

XSSC:603808 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 2,613.22 229.60 579.64
2019-06-30 2,763.64 232.35 973.36
2019-03-31 2,737.33 39.81 607.94
2018-12-31 2,672.56 47.82 770.41
2018-09-30 2,746.87 64.26 692.57
2018-06-30 2,575.92 69.06 837.51
2018-03-31 2,492.78 187.35 968.77
2017-12-31 2,380.94 193.99 828.24
2017-09-30 2,335.80 200.38 709.72
2017-06-30 2,222.35 185.13 752.09
2017-03-31 1,876.51 147.44 526.66
2016-12-31 1,808.86 146.14 513.17
2016-09-30 1,688.12 148.86 400.20
2016-06-30 1,607.00 232.15 532.45
2016-03-31 1,540.22 0.00 1,070.18
2015-12-31 1,512.57 0.00 1,066.58
2015-09-30 1,599.78 0.00 1,084.34
2015-06-30 1,411.93 0.00 922.62
2015-03-31 691.87 0.00 234.25
2014-12-31 658.11 0.00 169.77
2013-12-31 584.39 0.00 115.27
2012-12-31 494.30 0.00 78.57
  • Shenzhen Ellassay Fashion's level of debt (8.8%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Shenzhen Ellassay Fashion's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (201.1%, greater than 20% of total debt).
  • Shenzhen Ellassay Fashion earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Shenzhen Ellassay Fashion'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. Shenzhen Ellassay Fashion 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.

603808 Dividends

 What is Shenzhen Ellassay Fashion'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
4.07%
Current annual income from Shenzhen Ellassay Fashion dividends. Estimated to be 3.87% next year.
If you bought CN¥2,000 of Shenzhen Ellassay Fashion shares you are expected to receive CN¥81 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?
  • Shenzhen Ellassay Fashion's pays a higher dividend yield than the bottom 25% of dividend payers in China (0.46%).
  • Shenzhen Ellassay Fashion's dividend is above the markets top 25% of dividend payers in China (1.94%).
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:603808 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 2579 Stocks 1.8%
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 1.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

XSSC:603808 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.54 2.00
2020-12-31 0.50 2.00
2019-12-31 0.46 2.00
2019-12-14
XSSC:603808 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-06-25 0.525 3.637
2018-06-25 0.260 1.539
2017-06-29 0.205 0.931
2016-07-20 0.133 0.568
2015-08-10 0.128 0.598
2015-06-24 0.128 0.566

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

  • Whilst dividend payments have been stable, Shenzhen Ellassay Fashion has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Shenzhen Ellassay Fashion only paid a dividend in the past 4 years.
Current Payout to shareholders
What portion of Shenzhen Ellassay Fashion's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.1x 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 Shenzhen Ellassay Fashion'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 Shenzhen Ellassay Fashion afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Shenzhen Ellassay Fashion 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.

603808 Management

 What is the CEO of Shenzhen Ellassay Fashion'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
Guo Xin Xia
COMPENSATION CN¥0
CEO Bio

Mr. Guo Xin Xia serves as Chairman, General Manager and Director of Design Research and Development Center at Shenzhen Ellassay Fashion Co.,Ltd. Mr. Xin Xia served at Shenzhen Longfei Textile Co., Ltd. from 1993 to 1995. He served as Chairman of ELLASSAY Design since 1996. He serves as an Executive Director at ELLASSAY Investment, and Director of ELLASSAY international. He served as Vice president of China National Garment Association; Vice President of China Fashion Color Association; and President of Shenzhen Fashion Designers Association. He holds Bachelor’s degree in Product Design, and Master of Garment from Tianjin Textile Institute; EMBA degree from Beijing University and EMBA from Europe International Business School.

CEO Compensation
  • Guo Xin's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Insufficient data for Guo Xin to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team

Guo Xin Xia

TITLE
Chairman

Shu Xiang Liu

TITLE
Chief Financial Officer

De Lan

TITLE
Vice President

Ba Lian Ou

TITLE
Chairman of the Supervisory Board
COMPENSATION
CN¥400K

Tian Peng Ding

TITLE
Director of Uniforms Center and Member of the Supervisory Board
COMPENSATION
CN¥140K

Shao Hua Wang

TITLE
Finance Manager
COMPENSATION
CN¥220K
Board of Directors Tenure

Average tenure of the Shenzhen Ellassay Fashion board of directors in years:

8.9
Average Tenure
  • The tenure for the Shenzhen Ellassay Fashion board of directors is about average.
Board of Directors

Guo Xin Xia

TITLE
Chairman

De Lan

TITLE
Vice President

Ba Lian Ou

TITLE
Chairman of the Supervisory Board
COMPENSATION
CN¥400K

Tian Peng Ding

TITLE
Director of Uniforms Center and Member of the Supervisory Board
COMPENSATION
CN¥140K

Zhi Yong Dong

TITLE
Independent Director
TENURE
8.9 yrs

Yan Xiang Lu

TITLE
Director

Xi Jia Su

TITLE
Independent Director
TENURE
8.9 yrs

Shao Hua Wang

TITLE
Finance Manager
COMPENSATION
CN¥220K

Hong Wu

TITLE
Independent Director
TENURE
8.9 yrs

Yong Mei Hu

TITLE
Director
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CN¥) Value (CN¥)
X
Management checks
We assess Shenzhen Ellassay Fashion'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. Shenzhen Ellassay Fashion 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.

603808 News

Simply Wall St News

603808 Company Info

Description

Shenzhen Ellassay Fashion Co., Ltd. designs, produces, and sells branded women’s clothing in China and internationally. It offers products under the ELLASSAY, LAURÈL, IRO PARIS, ED HARDY, and VIVIENNE TAM brand names through its retail outlets. The company has a strategic alliance with The Carlyle Group. The company was founded in 1996 and is based in Shenzhen, China. Shenzhen Ellassay Fashion Co., Ltd. is a subsidiary of Shenzhen Ellassay Investment Management Ltd.

Details
Name: Shenzhen Ellassay Fashion Co., Ltd.
603808
Exchange: XSSC
Founded: 1996
CN¥4,292,860,453
332,522,111
Website: http://www.ellassay.com
Address: Shenzhen Ellassay Fashion Co., Ltd.
Building A,
Building 1901-1905,
Shenzhen,
Guangdong Province, 518048,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SHSE 603808 Domestic Shares Shanghai Stock Exchange CN CNY 22. Apr 2015
XSSC 603808 Domestic Shares Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect CN CNY 22. Apr 2015
Number of employees
Current staff
Staff numbers
3,558
Shenzhen Ellassay Fashion employees.
Industry
Apparel, Accessories and Luxury Goods
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/14 16:03
End of day share price update: 2019/12/13 00:00
Last estimates confirmation: 2019/12/10
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.