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SICHUAN SHUANGMA CEMENT

XSEC:000935
Snowflake Description

Flawless balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
000935
XSEC
CN¥10B
Market Cap
  1. Home
  2. CN
  3. Materials
Company description

SICHUAN SHUANGMA CEMENT CO., Ltd manufactures and sells cement in China. The last earnings update was 159 days ago. More info.


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000935 Share Price and Events
7 Day Returns
4.1%
XSEC:000935
-2.1%
CN Basic Materials
-0.1%
CN Market
1 Year Returns
-31.8%
XSEC:000935
-2.8%
CN Basic Materials
-9.3%
CN Market
000935 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
SICHUAN SHUANGMA CEMENT (000935) 4.1% -9.4% -18.9% -31.8% - -
CN Basic Materials -2.1% -7.7% -0.7% -2.8% -5.2% -3.8%
CN Market -0.1% -10.6% -6.3% -9.3% -16.2% -26.5%
1 Year Return vs Industry and Market
  • 000935 underperformed the Basic Materials industry which returned -2.8% over the past year.
  • 000935 underperformed the Market in China which returned -9.3% over the past year.
Price Volatility
000935
Industry
5yr Volatility vs Market

000935 Value

 Is SICHUAN SHUANGMA CEMENT 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 SICHUAN SHUANGMA CEMENT 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 SICHUAN SHUANGMA CEMENT.

XSEC:000935 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
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 XSEC:000935
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CN Govt Bond Rate 3.2%
Equity Risk Premium S&P Global 6.3%
Basic Materials Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.806 (1 + (1- 25%) (0%))
0.87
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% + (0.87 * 6.33%)
8.71%

Discounted Cash Flow Calculation for XSEC:000935 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for SICHUAN SHUANGMA CEMENT 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.

XSEC:000935 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 8.71%)
2020 699.79 Est @ -3.05% 643.74
2021 691.55 Est @ -1.18% 585.20
2022 692.49 Est @ 0.14% 539.06
2023 699.79 Est @ 1.05% 501.11
2024 711.68 Est @ 1.7% 468.80
2025 726.97 Est @ 2.15% 440.52
2026 744.89 Est @ 2.46% 415.22
2027 764.89 Est @ 2.68% 392.21
2028 786.61 Est @ 2.84% 371.04
2029 809.79 Est @ 2.95% 351.38
Present value of next 10 years cash flows CN¥4,708.00
XSEC:000935 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥809.79 × (1 + 3.2%) ÷ (8.71% – 3.2%)
CN¥15,174.14
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥15,174.14 ÷ (1 + 8.71%)10
CN¥6,584.33
XSEC:000935 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥4,708.00 + CN¥6,584.33
CN¥11,292.33
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥11,292.33 / 763.44
CN¥14.79
XSEC:000935 Discount to Share Price
Calculation Result
Value per share (CNY) From above. CN¥14.79
Current discount Discount to share price of CN¥13.31
= -1 x (CN¥13.31 - CN¥14.79) / CN¥14.79
10%

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

Current Discount
Amount off the current price SICHUAN SHUANGMA CEMENT is available for.
Intrinsic value
10%
Share price is CN¥13.31 vs Future cash flow value of CN¥14.79
Current Discount Checks
For SICHUAN SHUANGMA CEMENT to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • SICHUAN SHUANGMA CEMENT's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • SICHUAN SHUANGMA CEMENT'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 SICHUAN SHUANGMA CEMENT's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are SICHUAN SHUANGMA CEMENT's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
XSEC:000935 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in CNY CN¥0.99
SZSE:000935 Share Price ** SZSE (2020-04-03) in CNY CN¥13.31
China Basic Materials Industry PE Ratio Median Figure of 31 Publicly-Listed Basic Materials Companies 14.83x
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 SICHUAN SHUANGMA CEMENT.

XSEC:000935 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SZSE:000935 Share Price ÷ EPS (both in CNY)

= 13.31 ÷ 0.99

13.44x

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

  • SICHUAN SHUANGMA CEMENT is good value based on earnings compared to the CN Basic Materials industry average.
  • SICHUAN SHUANGMA CEMENT is good value based on earnings compared to the China market.
Price based on expected Growth
Does SICHUAN SHUANGMA CEMENT's expected growth come at a high price?
Raw Data
XSEC:000935 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.44x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
China Basic Materials Industry PEG Ratio Median Figure of 16 Publicly-Listed Basic Materials Companies 1.01x
China Market PEG Ratio Median Figure of 1,273 Publicly-Listed Companies 1.27x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for SICHUAN SHUANGMA CEMENT, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on SICHUAN SHUANGMA CEMENT's assets?
Raw Data
XSEC:000935 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in CNY CN¥5.30
SZSE:000935 Share Price * SZSE (2020-04-03) in CNY CN¥13.31
China Basic Materials Industry PB Ratio Median Figure of 35 Publicly-Listed Basic Materials Companies 1.88x
China Market PB Ratio Median Figure of 3,691 Publicly-Listed Companies 2.26x
XSEC:000935 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SZSE:000935 Share Price ÷ Book Value per Share (both in CNY)

= 13.31 ÷ 5.30

2.51x

* Primary Listing of SICHUAN SHUANGMA CEMENT.

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

  • SICHUAN SHUANGMA CEMENT is overvalued based on assets compared to the CN Basic Materials industry average.
X
Value checks
We assess SICHUAN SHUANGMA CEMENT'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 Basic Materials 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 Basic Materials industry average (and greater than 0)? (1 check)
  5. SICHUAN SHUANGMA CEMENT 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.

000935 Future Performance

 How is SICHUAN SHUANGMA CEMENT expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as SICHUAN SHUANGMA CEMENT has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
14%
Expected Basic Materials industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is SICHUAN SHUANGMA CEMENT expected to grow at an attractive rate?
  • Unable to compare SICHUAN SHUANGMA CEMENT's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare SICHUAN SHUANGMA CEMENT's earnings growth to the China market average as no estimate data is available.
  • Unable to compare SICHUAN SHUANGMA CEMENT's revenue growth to the China market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
XSEC:000935 Future Growth Rates Data Sources
Data Point Source Value (per year)
China Basic Materials Industry Earnings Growth Rate Market Cap Weighted Average 14%
China Basic Materials Industry Revenue Growth Rate Market Cap Weighted Average 11%
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
XSEC:000935 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
XSEC:000935 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-09-30 1,809 767 759
2019-06-30 1,827 821 804
2019-03-31 1,820 697 764
2018-12-31 1,940 694 696
2018-09-30 2,362 827 608
2018-06-30 2,502 785 447
2018-03-31 2,717 712 306
2017-12-31 2,748 621 204
2017-09-30 2,582 528 132
2017-06-30 2,478 422 119
2017-03-31 2,342 462 98
2016-12-31 2,238 539 85

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if SICHUAN SHUANGMA CEMENT is high growth as no earnings estimate data is available.
  • Unable to determine if SICHUAN SHUANGMA CEMENT is high growth as no revenue estimate data is available.
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
XSEC:000935 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 0 Analyst Estimates (S&P Global) See Below

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

XSEC:000935 Past Financials Data
Date (Data in CNY Millions) EPS *
2019-09-30 0.99
2019-06-30 1.06
2019-03-31 1.00
2018-12-31 0.91
2018-09-30 0.82
2018-06-30 0.57
2018-03-31 0.36
2017-12-31 0.27
2017-09-30 0.17
2017-06-30 0.16
2017-03-31 0.15
2016-12-31 0.11

*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.
  • Unable to establish if SICHUAN SHUANGMA CEMENT will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine SICHUAN SHUANGMA CEMENT's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. SICHUAN SHUANGMA CEMENT's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Materials companies here
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess SICHUAN SHUANGMA CEMENT'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.
SICHUAN SHUANGMA CEMENT has a total score of 0/6, 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.

000935 Past Performance

  How has SICHUAN SHUANGMA CEMENT 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 SICHUAN SHUANGMA CEMENT's growth in the last year to its industry (Basic Materials).
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.
  • SICHUAN SHUANGMA CEMENT has delivered over 20% year on year earnings growth in the past 5 years.
  • SICHUAN SHUANGMA CEMENT's 1-year earnings growth is less than its 5-year average (24.8% vs 62%)
  • SICHUAN SHUANGMA CEMENT's earnings growth has not exceeded the CN Basic Materials industry average in the past year (24.8% vs 28.5%).
Earnings and Revenue History
SICHUAN SHUANGMA CEMENT'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 SICHUAN SHUANGMA CEMENT Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

XSEC:000935 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 1,809.00 758.60 80.68 0.13
2019-06-30 1,826.92 804.36 80.23
2019-03-31 1,820.35 763.72 81.62
2018-12-31 1,939.57 695.66 94.81
2018-09-30 2,361.78 607.68 101.97 5.44
2018-06-30 2,502.20 446.86 132.43
2018-03-31 2,716.61 305.82 172.93
2017-12-31 2,747.96 203.67 195.17
2017-09-30 2,581.72 131.85 201.48
2017-06-30 2,478.21 118.67 196.22
2017-03-31 2,342.31 97.58 170.78
2016-12-31 2,237.96 84.54 161.47
2016-09-30 2,045.97 19.14 171.27
2016-06-30 2,014.59 -36.21 177.41
2016-03-31 1,978.46 -111.54 187.33
2015-12-31 1,974.57 -113.72 189.95
2015-09-30 2,091.87 -58.95 173.81
2015-06-30 2,233.95 -8.81 163.63
2015-03-31 2,540.68 82.84 166.93
2014-12-31 2,553.11 103.67 152.24
2014-09-30 2,484.60 137.72 145.71
2014-06-30 2,330.32 114.71 136.56
2014-03-31 2,035.27 78.10 118.73
2013-12-31 2,017.16 68.46 118.56
2013-09-30 1,951.11 24.01 105.85
2013-06-30 1,945.83 24.76 93.53

*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.
  • SICHUAN SHUANGMA CEMENT has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • SICHUAN SHUANGMA CEMENT used its assets more efficiently than the CN Basic Materials industry average last year based on Return on Assets.
  • SICHUAN SHUANGMA CEMENT has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess SICHUAN SHUANGMA CEMENT'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 Basic Materials 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.
SICHUAN SHUANGMA CEMENT has a total score of 3/6, 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.

000935 Health

 How is SICHUAN SHUANGMA CEMENT'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 SICHUAN SHUANGMA CEMENT's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • SICHUAN SHUANGMA CEMENT is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • SICHUAN SHUANGMA CEMENT's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of SICHUAN SHUANGMA CEMENT'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.
  • SICHUAN SHUANGMA CEMENT has no debt, it does not need to be covered by short term assets.
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 SICHUAN SHUANGMA CEMENT Company Filings, last reported 6 months ago.

XSEC:000935 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 4,046.28 0.00 1,170.74
2019-06-30 3,888.27 20.09 1,366.91
2019-03-31 3,652.57 120.29 563.84
2018-12-31 3,487.27 200.00 1,159.78
2018-09-30 3,289.58 400.00 1,057.82
2018-06-30 3,086.21 420.00 506.46
2018-03-31 3,024.75 722.51 1,256.48
2017-12-31 3,578.65 1,298.63 155.59
2017-09-30 3,455.99 1,171.96 174.40
2017-06-30 3,397.74 1,307.90 577.55
2017-03-31 3,323.19 1,086.10 250.86
2016-12-31 3,324.39 981.71 244.20
2016-09-30 3,281.24 1,142.41 104.03
2016-06-30 3,293.06 1,271.40 167.60
2016-03-31 3,249.49 1,433.15 231.57
2015-12-31 3,266.10 1,347.70 131.24
2015-09-30 3,290.49 889.99 169.95
2015-06-30 3,314.21 1,403.45 187.54
2015-03-31 3,471.01 692.13 303.58
2014-12-31 3,916.95 1,279.39 481.33
2014-09-30 3,564.52 613.30 357.93
2014-06-30 3,530.05 778.04 482.04
2014-03-31 3,458.29 762.33 269.93
2013-12-31 3,436.14 817.62 355.32
2013-09-30 3,368.79 473.39 417.56
2013-06-30 3,388.60 782.69 179.29
  • SICHUAN SHUANGMA CEMENT has no debt.
  • SICHUAN SHUANGMA CEMENT has no debt compared to 5 years ago when it was 17.4%.
  • SICHUAN SHUANGMA CEMENT has no debt, it does not need to be covered by operating cash flow.
  • SICHUAN SHUANGMA CEMENT has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess SICHUAN SHUANGMA CEMENT'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. SICHUAN SHUANGMA CEMENT has a total score of 6/6, 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.

000935 Dividends

 What is SICHUAN SHUANGMA CEMENT'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
1.31%
Current annual income from SICHUAN SHUANGMA CEMENT dividends.
If you bought CN¥2,000 of SICHUAN SHUANGMA CEMENT shares you are expected to receive CN¥26 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?
  • SICHUAN SHUANGMA CEMENT's pays a higher dividend yield than the bottom 25% of dividend payers in China (0.46%).
  • SICHUAN SHUANGMA CEMENT's dividend is below 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
XSEC:000935 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 0 Analyst Estimates (S&P Global) See Below
China Basic Materials Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 2.3%
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.

XSEC:000935 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2018-05-03 0.175 1.108
2016-10-31 0.000 0.000
2016-08-29 0.000 0.000
2016-04-27 0.000 0.000
2015-05-11 0.050 0.707
2010-10-27 0.000 0.000
2010-08-30 0.000 0.000
2010-04-23 0.000 0.000
2009-05-21 0.050 0.523

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of SICHUAN SHUANGMA CEMENT's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as SICHUAN SHUANGMA CEMENT has not reported any payouts.
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 SICHUAN SHUANGMA CEMENT'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 SICHUAN SHUANGMA CEMENT afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. SICHUAN SHUANGMA CEMENT has a total score of 2/6, see the detailed checks below.


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

000935 Management

 What is the CEO of SICHUAN SHUANGMA CEMENT'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
Can Wen Huang
COMPENSATION CN¥2,463,600
AGE 49
CEO Bio

Mr. Can Wen Huang has been the Director in Chongqing Lafarge Cement Co., Ltd. since January 01, 2015. Mr. Huang has been a Director in Chongqing Lafarge of Rui An Di Wei Cement Co., Ltd. since January 01, 2015. He has been Director in Chongqing of Lafarge Rui An Special Cement Co., Ltd. since January 01, 2015. He has been Director in Chongqing of Teng Hui Logistics Co., Ltd. since January 01, 2015. He served as the Chief Financial Officer of Sichuan Shuangma Cement Co., Ltd. He serves as the Chairman of the Board of Sichuan Shuangma Cement Co., Ltd. He has Bachelor’s Degree in Accounting from Southwest University of Finance and Economics.

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

Can Wen Huang

TITLE
Chairman of Board of Directors and General Manager
COMPENSATION
CN¥2M
AGE
49

Feng Zhou

TITLE
Chief Financial Officer
COMPENSATION
CN¥1M
AGE
47

Chang Long Xu

TITLE
Sales Director
COMPENSATION
CN¥2M
AGE
54

Chang Chun Pan

TITLE
Human Resource Director
COMPENSATION
CN¥1M
AGE
47

Jun Hu

TITLE
Secretary of Board of Directors
COMPENSATION
CN¥962K
AGE
46
Board of Directors Tenure

Average tenure and age of the SICHUAN SHUANGMA CEMENT board of directors in years:

3.4
Average Tenure
49
Average Age
  • The tenure for the SICHUAN SHUANGMA CEMENT board of directors is about average.
Board of Directors

Can Wen Huang

TITLE
Chairman of Board of Directors and General Manager
COMPENSATION
CN¥2M
AGE
49

Yong Dong Mao

TITLE
Chairman of Supervisory Board
AGE
50

Chungunco Bi

TITLE
Non-Independent Director
AGE
57
TENURE
3.4 yrs

Dongliang Lin

TITLE
Non-Independent Director
AGE
57
TENURE
3.4 yrs

Justin Niu

TITLE
Non-Independent Director
AGE
41
TENURE
3.4 yrs

Jianping Xie

TITLE
Non-Independent Director
TENURE
3.4 yrs

Chuan Fang Ren

TITLE
Director
AGE
60

Mei Mei Hu

TITLE
Director
AGE
42

Xiao Qi

TITLE
Director
AGE
47

Baigorri Lopez Jorge

TITLE
Director
AGE
47
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 SICHUAN SHUANGMA CEMENT'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. SICHUAN SHUANGMA CEMENT 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.

000935 News

Simply Wall St News

000935 Company Info

Description

SICHUAN SHUANGMA CEMENT CO., Ltd manufactures and sells cement in China. It also engages in private equity investment management and football training activities. The company was founded in 1998 and is based in Chengdu, China.

Details
Name: SICHUAN SHUANGMA CEMENT CO., Ltd
000935
Exchange: XSEC
Founded: 1998
CN¥10,161,390,832
763,440,333
Website: http://www.sc-shuangma.com
Address: SICHUAN SHUANGMA CEMENT CO., Ltd
Chengdu International Science and Technology Energy Saving Building,
5th Floor, Block A,
Chengdu,
Sichuan Province, 610000,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SZSE 000935 Domestic Shares Shenzhen Stock Exchange CN CNY 25. Aug 1999
XSEC 000935 Domestic Shares Shenzhen Stock Exchange - Shenzhen-Hong Kong Stock Connect CN CNY 25. Aug 1999
Number of employees
Current staff
Staff numbers
0
SICHUAN SHUANGMA CEMENT employees.
Industry
Construction Materials
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 17:29
End of day share price update: 2020/04/03 00:00
Last earnings filing: 2019/10/30
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.