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Shanghai Aj GroupLtd

SHSE:600643
Snowflake Description

Proven track record with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
600643
SHSE
CN¥13B
Market Cap
  1. Home
  2. CN
  3. Diversified Financials
Company description

Shanghai Aj Group Co.,Ltd provides wealth and asset management services primarily for the financial industry in China. The last earnings update was 6 days ago. More info.


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600643 Share Price and Events
7 Day Returns
-0.5%
SHSE:600643
-7.2%
Asia Diversified Financial
-0.1%
CN Market
1 Year Returns
-36.5%
SHSE:600643
-27.7%
Asia Diversified Financial
-9.3%
CN Market
600643 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Shanghai Aj GroupLtd (600643) -0.5% -12.8% -19.1% -36.5% -43.6% -51%
Asia Diversified Financial -7.2% -21.5% -28.2% -27.7% -24.9% -33.5%
CN Market -0.1% -10.6% -6.3% -9.3% -16.2% -26.5%
1 Year Return vs Industry and Market
  • 600643 underperformed the Diversified Financial industry which returned -27.7% over the past year.
  • 600643 underperformed the Market in China which returned -9.3% over the past year.
Price Volatility
600643
Industry
5yr Volatility vs Market

600643 Value

 Is Shanghai Aj GroupLtd undervalued based on future cash flows and its price relative to the stock market?

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

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

Below are the data sources, inputs and calculation used to determine the intrinsic value for Shanghai Aj GroupLtd.

SHSE:600643 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= CN¥5.59 * 11.1%
CN¥0.62
Book Value of Equity per Share Median Book Value from the past 5 years. CN¥5.59
Discount Rate (Cost of Equity) See below 8.7%
Perpetual Growth Rate 10-Year CN Government Bond Rate 3.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SHSE:600643
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CN Govt Bond Rate 3.2%
Equity Risk Premium S&P Global 6.3%
Diversified Financial Unlevered Beta Simply Wall St/ S&P Global 0.71
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.711 (1 + (1- 25%) (105.8%))
0.866
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.87
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.2% + (0.866 * 6.33%)
8.68%

Discounted Cash Flow Calculation for SHSE:600643 using Excess Returns Model Model

The calculations below outline how an intrinsic value for Shanghai Aj GroupLtd is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

SHSE:600643 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (11.1% – 8.68%) * CN¥5.59)
CN¥0.13
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= CN¥0.13 / (8.68% - 3.2%)
CN¥2.42
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= CN¥5.59 + CN¥2.42
CN¥8.01
SHSE:600643 Discount to Share Price
Calculation Result
Value per share (CNY) From above. CN¥8.01
Current discount Discount to share price of CN¥7.86
= -1 x (CN¥7.86 - CN¥8.01) / CN¥8.01
1.9%

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

Current Discount
Amount off the current price Shanghai Aj GroupLtd is available for.
Intrinsic value
2%
Share price is CN¥7.86 vs Future cash flow value of CN¥8.01
Current Discount Checks
For Shanghai Aj GroupLtd to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Shanghai Aj GroupLtd's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Shanghai Aj GroupLtd's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Shanghai Aj GroupLtd's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Shanghai Aj GroupLtd's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SHSE:600643 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CNY CN¥0.81
SHSE:600643 Share Price ** SHSE (2020-04-03) in CNY CN¥7.86
Asia Diversified Financial Industry PE Ratio Median Figure of 202 Publicly-Listed Diversified Financial Companies 9.49x
China Market PE Ratio Median Figure of 3,197 Publicly-Listed Companies 32.34x

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

** Primary Listing of Shanghai Aj GroupLtd.

SHSE:600643 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SHSE:600643 Share Price ÷ EPS (both in CNY)

= 7.86 ÷ 0.81

9.67x

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

  • Shanghai Aj GroupLtd is overvalued based on earnings compared to the Asia Diversified Financial industry average.
  • Shanghai Aj GroupLtd is good value based on earnings compared to the China market.
Price based on expected Growth
Does Shanghai Aj GroupLtd's expected growth come at a high price?
Raw Data
SHSE:600643 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.67x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
6.3%per year
Asia Diversified Financial Industry PEG Ratio Median Figure of 20 Publicly-Listed Diversified Financial Companies 0.61x
China Market PEG Ratio Median Figure of 1,273 Publicly-Listed Companies 1.27x

*Line of best fit is calculated by linear regression .

SHSE:600643 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.67x ÷ 6.3%

1.53x

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

  • Shanghai Aj GroupLtd is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Shanghai Aj GroupLtd's assets?
Raw Data
SHSE:600643 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CNY CN¥6.65
SHSE:600643 Share Price * SHSE (2020-04-03) in CNY CN¥7.86
Asia Diversified Financial Industry PB Ratio Median Figure of 295 Publicly-Listed Diversified Financial Companies 0.59x
China Market PB Ratio Median Figure of 3,691 Publicly-Listed Companies 2.26x
SHSE:600643 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SHSE:600643 Share Price ÷ Book Value per Share (both in CNY)

= 7.86 ÷ 6.65

1.18x

* Primary Listing of Shanghai Aj GroupLtd.

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

  • Shanghai Aj GroupLtd is overvalued based on assets compared to the Asia Diversified Financial industry average.
X
Value checks
We assess Shanghai Aj GroupLtd'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 Diversified Financial 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 Diversified Financial industry average (and greater than 0)? (1 check)
  5. Shanghai Aj GroupLtd has a total score of 1/6, 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.

600643 Future Performance

 How is Shanghai Aj GroupLtd expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
6.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Shanghai Aj GroupLtd expected to grow at an attractive rate?
  • Shanghai Aj GroupLtd's earnings growth is expected to exceed the low risk savings rate of 3.2%.
Growth vs Market Checks
  • Shanghai Aj GroupLtd's earnings growth is positive but not above the China market average.
  • Shanghai Aj GroupLtd's revenue growth is positive but not above the China market average.
Annual Growth Rates Comparison
Raw Data
SHSE:600643 Future Growth Rates Data Sources
Data Point Source Value (per year)
SHSE:600643 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 6.3%
SHSE:600643 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 5.2%
Asia Diversified Financial Industry Earnings Growth Rate Market Cap Weighted Average 7.3%
Asia Diversified Financial Industry Revenue Growth Rate Market Cap Weighted Average 12.9%
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
SHSE:600643 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SHSE:600643 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 4,217 1,497 1
2020-12-31 4,029 1,405 1
2020-04-06
SHSE:600643 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-12-31 3,802 1,481 1,319
2019-09-30 3,618 534 1,363
2019-06-30 3,370 2,883 1,248
2019-03-31 3,050 2,954 1,245
2018-12-31 2,654 284 1,158
2018-09-30 2,666 1,479 1,064
2018-06-30 2,717 -1,165 1,010
2018-03-31 2,398 -599 879
2017-12-31 2,334 1,194 830
2017-09-30 2,069 -93 741
2017-06-30 1,782 -565 668
2017-03-31 1,706 -1,374 634

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Shanghai Aj GroupLtd's earnings are expected to grow by 6.3% yearly, however this is not considered high growth (20% yearly).
  • Shanghai Aj GroupLtd's revenue is expected to grow by 5.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SHSE:600643 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

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

SHSE:600643 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.92 0.92 0.92 1.00
2020-12-31 0.87 0.87 0.87 1.00
2020-04-06
SHSE:600643 Past Financials Data
Date (Data in CNY Millions) EPS *
2019-12-31 0.81
2019-09-30 0.84
2019-06-30 0.77
2019-03-31 0.77
2018-12-31 0.72
2018-09-30 0.68
2018-06-30 0.67
2018-03-31 0.60
2017-12-31 0.58
2017-09-30 0.51
2017-06-30 0.46
2017-03-31 0.44

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Shanghai Aj GroupLtd is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Shanghai Aj GroupLtd'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 Asia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Shanghai Aj GroupLtd has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

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

600643 Past Performance

  How has Shanghai Aj GroupLtd performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Shanghai Aj GroupLtd's growth in the last year to its industry (Diversified Financial).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Shanghai Aj GroupLtd has delivered over 20% year on year earnings growth in the past 5 years.
  • Shanghai Aj GroupLtd's 1-year earnings growth is less than its 5-year average (13.9% vs 22.2%)
  • Shanghai Aj GroupLtd's earnings growth has exceeded the Asia Diversified Financial industry average in the past year (13.9% vs 6.9%).
Earnings and Revenue History
Shanghai Aj GroupLtd's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

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

SHSE:600643 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 3,802.46 1,318.85 998.48 0.05
2019-09-30 3,618.06 1,362.64 900.70
2019-06-30 3,370.15 1,248.18 793.67
2019-03-31 3,050.20 1,244.94 814.33
2018-12-31 2,653.99 1,158.08 745.24
2018-09-30 2,665.94 1,063.52 623.40
2018-06-30 2,717.07 1,010.05 638.12
2018-03-31 2,398.13 878.76 602.87
2017-12-31 2,334.10 829.77 586.44
2017-09-30 2,069.47 741.21 555.23
2017-06-30 1,782.34 667.82 524.30
2017-03-31 1,706.19 633.70 483.72
2016-12-31 1,604.80 620.50 479.16
2016-09-30 1,402.80 587.77 404.11
2016-06-30 1,369.22 565.98 357.08
2016-03-31 1,316.96 540.94 388.21
2015-12-31 1,324.17 554.68 406.75
2015-09-30 1,266.55 562.62 342.92
2015-06-30 1,239.89 572.82 363.60
2015-03-31 1,161.51 539.80 338.18
2014-12-31 1,109.27 512.46 323.54
2014-09-30 1,002.42 494.76 292.02
2014-06-30 891.59 518.26 291.51
2014-03-31 859.24 497.48 275.81
2013-12-31 809.64 475.99 264.79
2013-09-30 788.52 504.48 237.03
2013-06-30 771.13 410.21 230.11

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Shanghai Aj GroupLtd has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Shanghai Aj GroupLtd used its assets more efficiently than the Asia Diversified Financial industry average last year based on Return on Assets.
  • Shanghai Aj GroupLtd has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Shanghai Aj GroupLtd'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 Diversified Financial industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Shanghai Aj GroupLtd 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.

600643 Health

 How is Shanghai Aj GroupLtd's financial health and their level of debt?

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

The boxes below represent the relative size of what makes up Shanghai Aj GroupLtd's finances.

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

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

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

All data from Shanghai Aj GroupLtd Company Filings, last reported 3 months ago.

SHSE:600643 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 10,783.76 12,731.05 5,304.37
2019-09-30 10,603.28 12,525.84 4,496.44
2019-06-30 10,212.38 13,992.32 5,019.45
2019-03-31 10,027.09 14,252.59 5,609.06
2018-12-31 9,668.70 11,931.01 1,569.03
2018-09-30 9,416.24 9,490.70 1,275.40
2018-06-30 9,132.66 6,600.41 1,975.93
2018-03-31 8,967.33 5,775.05 1,717.63
2017-12-31 7,103.73 5,916.18 2,364.61
2017-09-30 6,844.28 7,271.84 1,766.97
2017-06-30 6,759.55 5,934.39 2,009.85
2017-03-31 6,523.73 6,341.77 1,410.50
2016-12-31 6,392.08 5,990.84 2,073.87
2016-09-30 6,212.59 4,541.02 2,083.25
2016-06-30 6,059.96 3,847.48 3,491.53
2016-03-31 5,862.62 2,875.10 2,094.76
2015-12-31 5,755.91 3,740.06 2,261.32
2015-09-30 5,618.21 3,566.07 2,489.51
2015-06-30 5,521.52 3,549.03 2,473.00
2015-03-31 5,351.43 2,698.96 1,812.11
2014-12-31 5,162.80 2,137.81 1,652.93
2014-09-30 5,026.32 1,891.96 1,589.70
2014-06-30 4,889.00 1,511.36 2,036.34
2014-03-31 4,822.88 1,165.68 1,345.24
2013-12-31 4,719.62 751.97 1,556.95
2013-09-30 4,602.42 205.00 1,252.86
2013-06-30 4,432.19 0.00 1,259.90
  • Shanghai Aj GroupLtd's level of debt (118.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (41.5% vs 118.1% today).
  • Debt is not well covered by operating cash flow (11.6%, less than 20% of total debt).
  • Shanghai Aj GroupLtd earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Shanghai Aj GroupLtd's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Shanghai Aj GroupLtd has a total score of 3/6, 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.

600643 Dividends

 What is Shanghai Aj GroupLtd's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.18%
Current annual income from Shanghai Aj GroupLtd dividends. Estimated to be 3.44% next year.
If you bought CN¥2,000 of Shanghai Aj GroupLtd shares you are expected to receive CN¥64 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Shanghai Aj GroupLtd's pays a higher dividend yield than the bottom 25% of dividend payers in China (0.46%).
  • Shanghai Aj GroupLtd's dividend is above the markets top 25% of dividend payers in China (2.03%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SHSE:600643 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 1 Analyst Estimates (S&P Global) See Below
Asia Diversified Financial Industry Average Dividend Yield Market Cap Weighted Average of 89 Stocks 5.2%
China Market Average Dividend Yield Market Cap Weighted Average of 2588 Stocks 1.9%
China Minimum Threshold Dividend Yield 10th Percentile 0.2%
China Bottom 25% Dividend Yield 25th Percentile 0.5%
China Top 25% Dividend Yield 75th Percentile 2%

Industry and Market average data is calculated daily.

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

SHSE:600643 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.28 1.00
2020-12-31 0.26 1.00
2020-04-06
SHSE:600643 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2020-03-31 0.250 3.152
2019-06-06 0.120 1.336
2018-10-30 0.000 0.000
2018-08-29 0.000 0.000
2018-06-11 0.240 2.646
2017-10-27 0.200 1.738
2017-09-25 0.200 1.415
2016-01-26 0.000 0.000
2015-12-09 0.000 0.000
2015-04-23 0.000 0.000
2014-07-21 0.046 0.462

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

  • Shanghai Aj GroupLtd 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 Shanghai Aj GroupLtd only paid a dividend in the past 6 years.
Current Payout to shareholders
What portion of Shanghai Aj GroupLtd's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.3x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Shanghai Aj GroupLtd's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Shanghai Aj GroupLtd afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Shanghai Aj GroupLtd 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.

600643 Management

 What is the CEO of Shanghai Aj GroupLtd's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • Shanghai Aj GroupLtd has no CEO, or we have no data on them.
Management Team Tenure

Average tenure and age of the Shanghai Aj GroupLtd management team in years:

6.1
Average Tenure
54
Average Age
  • The average tenure for the Shanghai Aj GroupLtd management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

De Yuan Zhao

TITLE
Chief Financial Officer
COMPENSATION
CN¥2M
AGE
54
TENURE
5.4 yrs

Jian Zhong Zhang

TITLE
Deputy General Manager
COMPENSATION
CN¥3M

Jin Ma

TITLE
Executive Deputy General Manager
COMPENSATION
CN¥3M
AGE
48
TENURE
6.1 yrs

Wei Zhou

TITLE
Deputy General Manager
COMPENSATION
CN¥4M
AGE
55
TENURE
6.1 yrs

Xue Hou

TITLE
Secretary of The Board of Directors
COMPENSATION
CN¥2M
Board of Directors Tenure

Average tenure and age of the Shanghai Aj GroupLtd board of directors in years:

3.8
Average Tenure
55.5
Average Age
  • The tenure for the Shanghai Aj GroupLtd board of directors is about average.
Board of Directors

Junjin Wang

TITLE
Chairman
AGE
49
TENURE
3.8 yrs

Yong Fan

TITLE
Vice Chairman
COMPENSATION
CN¥3M
AGE
57
TENURE
7.8 yrs

Jie Feng

TITLE
Vice Chairman
AGE
62

Zong Wang

TITLE
Director
AGE
85

Yi Zhang

TITLE
Director
AGE
45
TENURE
3.8 yrs

Fu Ning Hou

TITLE
Director
AGE
54
TENURE
3.8 yrs

Hai Jiang

TITLE
Director
AGE
53
TENURE
3.8 yrs

Yi De Qiao

TITLE
Independent Director
COMPENSATION
CN¥200K
AGE
71
TENURE
3.8 yrs

Li Gang Ji

TITLE
Independent Director
COMPENSATION
CN¥200K
AGE
54
TENURE
3.8 yrs

Kang Xi Guo

TITLE
Independent Director
COMPENSATION
CN¥200K
AGE
62
TENURE
3.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CN¥) Value (CN¥)
X
Management checks
We assess Shanghai Aj GroupLtd's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Shanghai Aj GroupLtd 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.

600643 News

Simply Wall St News

600643 Company Info

Description

Shanghai Aj Group Co.,Ltd provides wealth and asset management services primarily for the financial industry in China. The company offers investment management, business and technical consulting, technical, property management, and corporate management consulting services; and professional services comprising financial leasing and operating leases, purchasing and residual value processing of leased assets, and consulting and guarantees for leasing transactions. It also provides industrial investment, international and domestic trade, and corporate custody services; and imports and exports minerals, industrial equipment and materials, food products, and textiles. In addition, the company offers wealth management services, including financial planning, investment management, investment and financing consulting, and third party financial management services for high-net-worth and institutional clients; and rents office and integrated warehousing properties. The company was formerly known as Shanghai Industrial and Commercial Aiguo Construction Company. Shanghai Aj Group Co.,Ltd was founded in 1979 and is based in Shanghai, China.

Details
Name: Shanghai Aj Group Co.,Ltd
600643
Exchange: SHSE
Founded: 1979
CN¥12,748,310,472
1,621,922,452
Website: http://www.aj.com.cn
Address: Shanghai Aj Group Co.,Ltd
No. 746, Jiajiabang Road,
Shanghai,
200030,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SHSE 600643 Domestic Shares Shanghai Stock Exchange CN CNY 10. Mar 1995
XSSC 600643 Domestic Shares Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect CN CNY 10. Mar 1995
Number of employees
Current staff
Staff numbers
823
Shanghai Aj GroupLtd employees.
Industry
Other Diversified Financial Services
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 15:38
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/04/02
Last earnings filing: 2020/03/31
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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

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