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Jiajiayue Group

XSSC:603708
Snowflake Description

Proven track record with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
603708
XSSC
CN¥19B
Market Cap
  1. Home
  2. CN
  3. Consumer Retailing
Company description

Jiajiayue Group Co., Ltd. engages in the operation of supermarkets businesses in People’s Republic of China. The last earnings update was 158 days ago. More info.


Add to Portfolio Compare Print
  • Jiajiayue Group has significant price volatility in the past 3 months.
603708 Share Price and Events
7 Day Returns
3.1%
XSSC:603708
2.5%
CN Consumer Retailing
-0.1%
CN Market
1 Year Returns
-
XSSC:603708
14.8%
CN Consumer Retailing
-9.2%
CN Market
603708 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Jiajiayue Group (603708) 3.1% 8.8% 29.2% - - -
CN Consumer Retailing 2.5% 3.9% 16.9% 14.8% 11.1% -6.5%
CN Market -0.1% -9.8% -6.1% -9.2% -16.2% -26.5%
1 Year Return vs Industry and Market
  • No trading data on 603708.
  • No trading data on 603708.
Price Volatility
603708
Industry
5yr Volatility vs Market

Value

 Is Jiajiayue Group undervalued based on future cash flows and its price relative to the stock market?

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

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

Below are the data sources, inputs and calculation used to determine the intrinsic value for Jiajiayue Group.

XSSC:603708 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.3%
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:603708
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CN Govt Bond Rate 3.2%
Equity Risk Premium S&P Global 6.3%
Consumer Retailing Unlevered Beta Simply Wall St/ S&P Global 0.48
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.483 (1 + (1- 25%) (0.84%))
0.656
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.2% + (0.8 * 6.33%)
8.26%

Discounted Cash Flow Calculation for XSSC:603708 using 2 Stage Free Cash Flow to Equity Model

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

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

XSSC:603708 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 8.26%)
2020 756.00 Analyst x1 698.29
2021 911.00 Analyst x1 777.23
2022 1,135.00 Analyst x1 894.42
2023 1,372.00 Analyst x1 998.66
2024 1,538.00 Analyst x1 1,034.04
2025 1,665.53 Est @ 8.29% 1,034.30
2026 1,778.18 Est @ 6.76% 1,019.97
2027 1,879.45 Est @ 5.69% 995.77
2028 1,972.42 Est @ 4.95% 965.25
2029 2,059.65 Est @ 4.42% 931.00
Present value of next 10 years cash flows CN¥9,348.00
XSSC:603708 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥2,059.65 × (1 + 3.2%) ÷ (8.26% – 3.2%)
CN¥41,973.83
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥41,973.83 ÷ (1 + 8.26%)10
CN¥18,973.08
XSSC:603708 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥9,348.00 + CN¥18,973.08
CN¥28,321.08
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥28,321.08 / 608.40
CN¥46.55
XSSC:603708 Discount to Share Price
Calculation Result
Value per share (CNY) From above. CN¥46.55
Current discount Discount to share price of CN¥31.39
= -1 x (CN¥31.39 - CN¥46.55) / CN¥46.55
32.6%

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

Current Discount
Amount off the current price Jiajiayue Group is available for.
Intrinsic value
33%
Share price is CN¥31.39 vs Future cash flow value of CN¥46.55
Current Discount Checks
For Jiajiayue Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Jiajiayue Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Jiajiayue Group'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 Jiajiayue Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Jiajiayue Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
XSSC:603708 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in CNY CN¥0.80
SHSE:603708 Share Price ** SHSE (2020-04-03) in CNY CN¥31.39
China Consumer Retailing Industry PE Ratio Median Figure of 20 Publicly-Listed Consumer Retailing Companies 42.97x
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 Jiajiayue Group.

XSSC:603708 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SHSE:603708 Share Price ÷ EPS (both in CNY)

= 31.39 ÷ 0.80

39.29x

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

  • Jiajiayue Group is good value based on earnings compared to the CN Consumer Retailing industry average.
  • Jiajiayue Group is overvalued based on earnings compared to the China market.
Price based on expected Growth
Does Jiajiayue Group's expected growth come at a high price?
Raw Data
XSSC:603708 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 39.29x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
18.3%per year
China Consumer Retailing Industry PEG Ratio Median Figure of 14 Publicly-Listed Consumer Retailing Companies 2.19x
China Market PEG Ratio Median Figure of 1,275 Publicly-Listed Companies 1.26x

*Line of best fit is calculated by linear regression .

XSSC:603708 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 39.29x ÷ 18.3%

2.14x

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

  • Jiajiayue Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Jiajiayue Group's assets?
Raw Data
XSSC:603708 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in CNY CN¥4.62
SHSE:603708 Share Price * SHSE (2020-04-03) in CNY CN¥31.39
China Consumer Retailing Industry PB Ratio Median Figure of 21 Publicly-Listed Consumer Retailing Companies 2.71x
China Market PB Ratio Median Figure of 3,691 Publicly-Listed Companies 2.26x
XSSC:603708 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SHSE:603708 Share Price ÷ Book Value per Share (both in CNY)

= 31.39 ÷ 4.62

6.79x

* Primary Listing of Jiajiayue Group.

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

  • Jiajiayue Group is overvalued based on assets compared to the CN Consumer Retailing industry average.
X
Value checks
We assess Jiajiayue Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Consumer Retailing 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 Consumer Retailing industry average (and greater than 0)? (1 check)
  5. Jiajiayue Group has a total score of 2/6, 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 Jiajiayue Group expected to perform in the next 1 to 3 years based on estimates from 6 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
18.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Jiajiayue Group expected to grow at an attractive rate?
  • Jiajiayue Group's earnings growth is expected to exceed the low risk savings rate of 3.2%.
Growth vs Market Checks
  • Jiajiayue Group's earnings growth is positive but not above the China market average.
  • Jiajiayue Group's revenue growth is expected to exceed the China market average.
Annual Growth Rates Comparison
Raw Data
XSSC:603708 Future Growth Rates Data Sources
Data Point Source Value (per year)
XSSC:603708 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 18.3%
XSSC:603708 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 16%
China Consumer Retailing Industry Earnings Growth Rate Market Cap Weighted Average 22.2%
China Consumer Retailing Industry Revenue Growth Rate Market Cap Weighted Average 17.3%
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
XSSC:603708 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
XSSC:603708 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 34,173 2,768 1,299 1
2023-12-31 29,420 2,431 1,066 1
2022-12-31 24,872 2,031 860 1
2021-12-31 19,561 1,314 667 6
2020-12-31 17,036 1,142 570 6
2020-04-04
2019-12-31 14,805 928 485 6
XSSC:603708 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-09-30 14,440 671 480
2019-06-30 13,769 634 463
2019-03-31 13,275 661 449
2018-12-31 12,731 613 430
2018-09-30 12,500 761 387
2018-06-30 11,989 562 362
2018-03-31 11,559 728 340
2017-12-31 11,330 781 311
2017-09-30 11,060 614 298
2017-06-30 10,936 647 268
2017-03-31 10,843 611 257
2016-12-31 10,777 760 251

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Jiajiayue Group's earnings are expected to grow by 18.3% yearly, however this is not considered high growth (20% yearly).
  • Jiajiayue Group's revenue is expected to grow by 16% 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:603708 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

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

XSSC:603708 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31 2.13 2.13 2.13 1.00
2023-12-31 1.75 1.75 1.75 1.00
2022-12-31 1.41 1.41 1.41 1.00
2021-12-31 1.10 1.18 1.03 6.00
2020-12-31 0.94 0.98 0.88 6.00
2020-04-04
2019-12-31 0.80 0.83 0.70 6.00
XSSC:603708 Past Financials Data
Date (Data in CNY Millions) EPS *
2019-09-30 0.80
2019-06-30 0.76
2019-03-31 0.74
2018-12-31 0.71
2018-09-30 0.63
2018-06-30 0.59
2018-03-31 0.55
2017-12-31 0.51
2017-09-30 0.52
2017-06-30 0.51
2017-03-31 0.53
2016-12-31 0.55

*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.
  • Jiajiayue Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Jiajiayue Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the China market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the China market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Jiajiayue Group 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.

Past Performance

  How has Jiajiayue Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Jiajiayue Group's growth in the last year to its industry (Consumer Retailing).
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.
  • Jiajiayue Group's year on year earnings growth rate has been positive over the past 5 years.
  • Jiajiayue Group's 1-year earnings growth exceeds its 5-year average (24% vs 17.7%)
  • Jiajiayue Group's earnings growth has not exceeded the CN Consumer Retailing industry average in the past year (24% vs 24%).
Earnings and Revenue History
Jiajiayue Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

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

XSSC:603708 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 14,439.99 480.20 2,435.79
2019-06-30 13,769.41 462.57 2,344.41
2019-03-31 13,274.52 449.44 2,265.31
2018-12-31 12,730.71 429.92 2,177.35
2018-09-30 12,500.33 387.20 2,134.29
2018-06-30 11,989.36 361.62 2,095.76
2018-03-31 11,559.01 339.99 1,944.52
2017-12-31 11,330.38 310.74 1,903.18
2017-09-30 11,059.65 297.52 1,800.08
2017-06-30 10,935.92 268.02 1,802.58
2017-03-31 10,842.89 256.78 1,798.76
2016-12-31 10,776.96 251.25 1,797.26
2015-12-31 10,485.58 247.26 1,785.52
2014-12-31 9,835.17 227.80 1,780.58
2013-12-31 9,000.10 219.04 1,580.41

*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.
  • Jiajiayue Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Jiajiayue Group used its assets more efficiently than the CN Consumer Retailing industry average last year based on Return on Assets.
  • Jiajiayue Group has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Jiajiayue Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Consumer Retailing 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.
Jiajiayue Group has a total score of 4/6, see the detailed checks below.

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

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

Health

 How is Jiajiayue Group's financial health and their level of debt?

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

The boxes below represent the relative size of what makes up Jiajiayue Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Jiajiayue Group's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Jiajiayue Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Jiajiayue Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 29x 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 Jiajiayue Group Company Filings, last reported 6 months ago.

XSSC:603708 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 2,967.82 160.00 2,449.28
2019-06-30 2,843.60 160.00 2,213.11
2019-03-31 2,928.56 160.00 2,777.08
2018-12-31 2,807.51 160.00 2,283.71
2018-09-30 2,631.11 170.00 2,485.23
2018-06-30 2,520.64 170.00 2,384.72
2018-03-31 2,719.71 289.80 2,772.75
2017-12-31 2,482.40 0.00 2,934.84
2017-09-30 2,394.02 0.00 3,007.53
2017-06-30 2,312.32 0.00 3,005.85
2017-03-31 2,423.76 0.00 3,149.57
2016-12-31 2,331.68 0.00 2,863.57
2015-12-31 1,001.66 0.00 1,462.55
2014-12-31 927.23 0.00 1,398.53
2013-12-31 857.72 29.98 1,241.46
  • Jiajiayue Group's level of debt (5.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0.8% vs 5.4% today).
  • Debt is well covered by operating cash flow (419.5%, greater than 20% of total debt).
  • Jiajiayue Group earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Jiajiayue Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Jiajiayue Group has a total score of 4/6, 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 Jiajiayue Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.37%
Current annual income from Jiajiayue Group dividends. Estimated to be 1.6% next year.
If you bought CN¥2,000 of Jiajiayue Group shares you are expected to receive CN¥27 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?
  • Jiajiayue Group's pays a higher dividend yield than the bottom 25% of dividend payers in China (0.46%).
  • Jiajiayue Group's dividend is below 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
XSSC:603708 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 6 Analyst Estimates (S&P Global) See Below
China Consumer Retailing Industry Average Dividend Yield Market Cap Weighted Average of 17 Stocks 0.9%
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.

XSSC:603708 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31
2021-12-31 0.52 3.00
2020-12-31 0.48 3.00
2020-04-04
2019-12-31 0.45 3.00
XSSC:603708 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-06-05 0.431 1.751
2018-05-17 0.308 1.758
2017-06-07 0.266 1.874

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

  • Whilst dividend payments have been stable, Jiajiayue Group has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Jiajiayue Group only paid a dividend in the past 3 years.
Current Payout to shareholders
What portion of Jiajiayue Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.1x coverage).
X
Income/ dividend checks
We assess Jiajiayue Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Jiajiayue Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Jiajiayue Group 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.

Management

 What is the CEO of Jiajiayue Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Peihuan Wang
AGE 64
CEO Bio

Mr. Peihuan Wang serves as the Chairman and General Manager of Jiajiayue Group Co., Ltd. (formerly known as Shandong Jiajiayue Investment Holdings Co. Limited). Mr. Wang serves as the Chairman of the Board of Directors and General Manager in Shandong Jiajiayue Group Ltd. He serves as a Vice President of the China Chain Store and Franchise Association. He serves as Assistant Manager in Wendeng County Tobacco and Alcohol Company, Assistant Manager and Manager in Wendeng County Non-staple Food Company, Assistant Manager and Manager and Party Secretary in Shandong Weihai Sugar Tea Wine Company. He served as Chairman of the Board of Directors and General Manager at Tangjiu Station. He serves as the Chairman of the Board of Directors in Jiajiayue Holding. He serves as Representative of Shandong Province in the 10th and 11th National People’s Congress, Vice President of the China Chain-Store & Franchise Association. He serves as Executive Director in Jiajiayue Real Estate, Executive Director in Jiajiayue Supermarket, Executive Director in 18 Le Supermarket, Executive Director in Jiajiayue Logistics, Executive Director in Shandong Shangyue Department Store, Director in China SPAR, Executive Director and General Manager in Jia Lian Suo, Director in Shandong Esquires. He has been Independent Non Executive Director of Cooks Global Foods Limited since April 29, 2016. He serves as Director of New Zealand company Weihai Station Limited.

CEO Compensation
  • Insufficient data for Peihuan to compare compensation growth.
  • Insufficient data for Peihuan to establish whether their remuneration is reasonable compared to companies of similar size in China.
Management Team

Peihuan Wang

TITLE
Chairman of the Board of Directors and General Manager
AGE
64

Xiao Yan Ren

TITLE
Chairman of the Supervisory Board
AGE
60

Wen Xia Jiang

TITLE
Chief Financial Officer
AGE
45

Ming Bo Ding

TITLE
Deputy General Manager and Secretary of the Board of Directors
AGE
49

Yuan Hui Fu

TITLE
Executive Deputy General Manager
AGE
64

Ai Guo Zhang

TITLE
Deputy General Manager and Director
AGE
60

Jun Chen

TITLE
Director of the Data Center and Member of the Supervisory Board
AGE
39

Hong Bo Jing

TITLE
Senior Manager of the Logistics Mgmt Dept and Employee Representative of the Supervisory Board
AGE
39
Board of Directors

Peihuan Wang

TITLE
Chairman of the Board of Directors and General Manager
AGE
64

Xiao Yan Ren

TITLE
Chairman of the Supervisory Board
AGE
60

Yuan Hui Fu

TITLE
Executive Deputy General Manager
AGE
64

Ai Guo Zhang

TITLE
Deputy General Manager and Director
AGE
60

Jun Chen

TITLE
Director of the Data Center and Member of the Supervisory Board
AGE
39

Hong Bo Jing

TITLE
Senior Manager of the Logistics Mgmt Dept and Employee Representative of the Supervisory Board
AGE
39

Vincent Weng

TITLE
Director
AGE
43

Da Lei

TITLE
Independent Director
AGE
57

Tian Tao Shi

TITLE
Independent Director
AGE
57

Hai Ying Zheng

TITLE
Independent Director
AGE
56
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 Jiajiayue Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Jiajiayue Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


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

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

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

News

Simply Wall St News

Company Info

Description

Jiajiayue Group Co., Ltd. engages in the operation of supermarkets businesses in People’s Republic of China. Its products include maternal and child supplies, international beauty products, health supplies, and digital products; cosmetics, such as facial skin care beauty products, fragrances, beauty tools, and personal care products; baby products comprising maternal food products, diapers/wet wipes, baby supplies, and baby care products; water and drink, milk dairy, alcohol, tea, and coffee products; kitchen seasonings, easy to eat products, edible oils, and north and south dry goods; towels, underwear products, socks, home and bed beddings, kitchen utensils, water shaving razors, hair dryers, and small appliances; paper products, clothing cleaning products, kitchen cleaning products, and cleaning tools; and fruits/seafood products. The company was founded in 1981 and is based in Weihai, the People’s Republic of China. Jiajiayue Group Co., Ltd. is a subsidiary of Jiajiayue Holding Group Co., Ltd.

Details
Name: Jiajiayue Group Co., Ltd.
603708
Exchange: XSSC
Founded: 1981
CN¥19,097,676,000
608,400,000
Website: http://www.jiajiayue.com
Address: Jiajiayue Group Co., Ltd.
Economic and Technological Development Zone,
No. 53, Daqing Road,
Weihai,
Shandong Province, 264200,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SHSE 603708 Domestic Shares Shanghai Stock Exchange CN CNY 13. Dec 2016
XSSC 603708 Domestic Shares Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect CN CNY 13. Dec 2016
Number of employees
Current staff
Staff numbers
19,028
Jiajiayue Group employees.
Industry
Food Retail
Consumer Retailing
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/04 17:43
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/03/18
Last earnings filing: 2019/10/29
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.