Loading...

You're on the old version of Simply Wall St. We will no longer be supporting this site, so we recommend you switch to our brand new platform.

China West Construction Group

XSEC:002302
Snowflake Description

Adequate balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
002302
XSEC
CN¥13B
Market Cap
  1. Home
  2. CN
  3. Materials
Company description

China West Construction Group Co., Ltd engages in the building materials business in China, Algeria, Malaysia, and Indonesia. The last earnings update was 39 days ago. More info.


Add to Portfolio Compare Print
002302 Share Price and Events
7 Day Returns
-0.5%
XSEC:002302
-2.1%
CN Basic Materials
-0.1%
CN Market
1 Year Returns
-37.4%
XSEC:002302
-2.8%
CN Basic Materials
-9.3%
CN Market
002302 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
China West Construction Group (002302) -0.5% -13.5% -16.6% -37.4% -54.5% -
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
  • 002302 underperformed the Basic Materials industry which returned -2.8% over the past year.
  • 002302 underperformed the Market in China which returned -9.3% over the past year.
Price Volatility
002302
Industry
5yr Volatility vs Market

Value

 Is China West Construction 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 China West Construction 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 China West Construction Group.

XSEC:002302 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in CNY CN¥ .070000
Payout Ratio Company Filings (2019-12-31) 9459.3%
Discount Rate (Cost of Equity) See below 9.9%
Perpetual Growth Rate 10-Year CN Government Bond Rate 3.2%

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

Calculation of Discount Rate/ Cost of Equity for XSEC:002302
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%) (25.77%))
1.056
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.06
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.2% + (1.056 * 6.33%)
9.89%

Discounted Cash Flow Calculation for XSEC:002302 using Dividend Discount Model Model

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

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

See our documentation to learn about this calculation.

XSEC:002302 Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= CN¥0.07 / (9.89% - 3.2%)
CN¥0.73
XSEC:002302 Discount to Share Price
Calculation Result
Value per share (CNY) From above. CN¥0.73
Current discount Discount to share price of CN¥10.02
= -1 x (CN¥10.02 - CN¥0.73) / CN¥0.73
-1274.3%

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

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

The amount the stock market is willing to pay for China West Construction Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are China West Construction Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
XSEC:002302 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CNY CN¥0.53
SZSE:002302 Share Price ** SZSE (2020-04-03) in CNY CN¥10.02
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 China West Construction Group.

XSEC:002302 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SZSE:002302 Share Price ÷ EPS (both in CNY)

= 10.02 ÷ 0.53

18.91x

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

  • China West Construction Group is overvalued based on earnings compared to the CN Basic Materials industry average.
  • China West Construction Group is good value based on earnings compared to the China market.
Price based on expected Growth
Does China West Construction Group's expected growth come at a high price?
Raw Data
XSEC:002302 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 18.91x
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 China West Construction Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on China West Construction Group's assets?
Raw Data
XSEC:002302 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CNY CN¥5.64
SZSE:002302 Share Price * SZSE (2020-04-03) in CNY CN¥10.02
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:002302 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SZSE:002302 Share Price ÷ Book Value per Share (both in CNY)

= 10.02 ÷ 5.64

1.78x

* Primary Listing of China West Construction Group.

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

  • China West Construction Group is good value based on assets compared to the CN Basic Materials industry average.
X
Value checks
We assess China West Construction 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 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. China West Construction 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 China West Construction Group 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 China West Construction Group 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 China West Construction Group expected to grow at an attractive rate?
  • Unable to compare China West Construction Group's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare China West Construction Group's earnings growth to the China market average as no estimate data is available.
  • Unable to compare China West Construction Group's revenue growth to the China market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
XSEC:002302 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:002302 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 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:002302 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
XSEC:002302 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-12-31 22,896 665
2019-09-30 22,097 -903 692
2019-06-30 21,260 -517 529
2019-03-31 19,577 -120 383
2018-12-31 18,849 -993 303
2018-09-30 17,989 1,304 229
2018-06-30 16,854 536 204
2018-03-31 15,642 128 114
2017-12-31 14,920 593 106
2017-09-30 13,819 -9 234
2017-06-30 12,791 11 221
2017-03-31 11,899 438 221

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if China West Construction Group is high growth as no earnings estimate data is available.
  • Unable to determine if China West Construction Group 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:002302 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 0 Analyst Estimates (S&P Global) See Below

All data from China West Construction Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

XSEC:002302 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
XSEC:002302 Past Financials Data
Date (Data in CNY Millions) EPS *
2019-12-31 0.53
2019-09-30 0.55
2019-06-30 0.43
2019-03-31 0.29
2018-12-31 0.24
2018-09-30 0.19
2018-06-30 0.16
2018-03-31 0.10
2017-12-31 0.10
2017-09-30 0.22
2017-06-30 0.24
2017-03-31 0.23

*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 China West Construction Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Check out China West Construction Group's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
  2. China West Construction Group'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 China West Construction 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.
China West Construction Group 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.

Past Performance

  How has China West Construction 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 China West Construction Group'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.
  • China West Construction Group's year on year earnings growth rate has been positive over the past 5 years.
  • China West Construction Group's 1-year earnings growth exceeds its 5-year average (119.3% vs 7.2%)
  • China West Construction Group's earnings growth has exceeded the CN Basic Materials industry average in the past year (119.3% vs 28.5%).
Earnings and Revenue History
China West Construction 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 China West Construction Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

XSEC:002302 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 22,896.39 665.40
2019-09-30 22,097.18 692.05 754.72 412.67
2019-06-30 21,259.92 529.14 685.77 381.04
2019-03-31 19,576.89 382.69 647.98 349.09
2018-12-31 18,848.86 303.39 672.25 325.49
2018-09-30 17,988.89 229.41 722.14 290.43
2018-06-30 16,854.08 203.50 556.07 397.97
2018-03-31 15,642.12 114.42 591.08 321.14
2017-12-31 14,919.78 105.74 621.11 266.98
2017-09-30 13,819.15 234.29 554.25 199.70
2017-06-30 12,791.20 220.80 616.90
2017-03-31 11,898.51 221.17 687.61
2016-12-31 11,529.49 316.31 649.42
2016-09-30 10,921.31 299.52 722.54
2016-06-30 10,874.02 373.25 754.25
2016-03-31 10,664.29 405.43 691.70
2015-12-31 10,294.93 346.79 674.32
2015-09-30 10,435.35 390.84 617.02
2015-06-30 10,356.30 367.48 574.84
2015-03-31 10,299.04 370.14 581.25
2014-12-31 10,211.04 332.72 572.62
2014-09-30 9,883.03 326.64 525.64
2014-06-30 9,417.51 315.03 561.33
2014-03-31 8,976.98 336.88 488.12
2013-12-31 8,614.32 407.10 459.83
2013-09-30 7,891.68 358.57 382.70
2013-06-30 7,374.03 334.15 382.81

*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.
  • China West Construction Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • China West Construction Group used its assets less efficiently than the CN Basic Materials industry average last year based on Return on Assets.
  • China West Construction Group has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess China West Construction 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 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.
China West Construction 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 China West Construction 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 China West Construction Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • China West Construction Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • China West Construction Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of China West Construction 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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 6.9x 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 China West Construction Group Company Filings, last reported 3 months ago.

XSEC:002302 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 7,663.43 3,259.47 2,818.03
2019-09-30 7,663.43 3,259.47 2,818.03
2019-06-30 7,315.75 3,046.72 2,458.11
2019-03-31 7,014.58 2,833.87 2,227.36
2018-12-31 6,990.37 2,175.16 3,182.60
2018-09-30 6,915.12 2,614.98 3,455.84
2018-06-30 6,733.28 2,408.09 2,839.46
2018-03-31 6,590.43 2,546.33 2,800.55
2017-12-31 6,711.02 2,673.54 4,676.35
2017-09-30 4,706.76 3,576.34 1,222.94
2017-06-30 4,569.56 3,685.06 1,750.67
2017-03-31 4,510.76 2,728.42 1,154.94
2016-12-31 4,644.71 2,699.22 2,812.61
2016-09-30 4,516.84 3,245.67 1,450.59
2016-06-30 4,408.42 2,810.41 1,323.40
2016-03-31 4,332.16 2,866.77 1,187.96
2015-12-31 4,369.67 2,797.21 2,271.29
2015-09-30 4,246.23 3,094.25 1,141.84
2015-06-30 4,049.09 2,532.61 764.59
2015-03-31 3,952.94 2,358.93 731.71
2014-12-31 4,024.03 2,459.76 1,507.88
2014-09-30 3,850.74 2,936.22 1,554.68
2014-06-30 3,682.13 2,058.08 917.32
2014-03-31 3,567.89 1,862.62 943.19
2013-12-31 3,702.67 1,963.50 1,438.04
2013-09-30 2,929.80 1,826.66 596.88
2013-06-30 2,766.71 1,602.40 594.78
  • China West Construction Group's level of debt (42.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (61.1% vs 42.5% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 7.3x coverage).
X
Financial health checks
We assess China West Construction 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. China West Construction 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 China West Construction 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
0.7%
Current annual income from China West Construction Group dividends.
If you bought CN¥2,000 of China West Construction Group shares you are expected to receive CN¥14 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?
  • China West Construction Group's pays a higher dividend yield than the bottom 25% of dividend payers in China (0.46%).
  • China West Construction Group'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:002302 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:002302 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
XSEC:002302 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-04-02 0.070 0.621
2018-05-30 0.070 0.594
2017-06-01 0.065 0.371
2016-03-30 0.050 0.553
2015-06-05 0.050 0.594
2014-04-11 0.050 0.755
2013-03-27 0.031 0.546
2012-07-31 0.039 0.750
2012-06-15 0.000 0.000
2011-10-24 0.000 0.000
2011-08-18 0.000 0.000
2011-04-20 0.000 0.000
2011-02-25 0.000 0.000
2010-04-12 0.078 0.934

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 fallen over the past 10 years.
Current Payout to shareholders
What portion of China West Construction Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (7.6x 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 China West Construction 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 China West Construction Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. China West Construction Group 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.

Management

 What is the CEO of China West Construction 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
Zhiqi Wu
COMPENSATION CN¥930,000
TENURE AS CEO 7 years
CEO Bio

Mr. Zhiqi Wu has been General Manager of China West Construction Group Co., Ltd. since April 2013. Mr. Wu served as Deputy General Manager of Xinjiang Building Construction Headquarters. He served as General Manager and Deputy General Manager of Xinjiang West Construction Group Co., Ltd. He has been a Director of China West Construction Group Co., Ltd. since April 23, 2013. Mr. Wu holds Bachelor's Degree.

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

Average tenure of the China West Construction Group management team in years:

7
Average Tenure
  • The average tenure for the China West Construction Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Zhiqi Wu

TITLE
General Manager and Director
COMPENSATION
CN¥930K
TENURE
7 yrs

Weiping Xiang

TITLE
Deputy GM & General Counsel
COMPENSATION
CN¥685K
TENURE
1.3 yrs

Bin Lin

TITLE
Deputy General Manager and Secretary
COMPENSATION
CN¥744K
TENURE
7 yrs

Hong Liu

TITLE
Deputy General Manager
COMPENSATION
CN¥622K
TENURE
7 yrs

Lizhi Hu

TITLE
Deputy General Manager
COMPENSATION
CN¥685K
TENURE
7 yrs

Zhaode Zeng

TITLE
Deputy General Manager
COMPENSATION
CN¥654K
TENURE
7 yrs

Jun Wang

TITLE
Deputy General Manager
COMPENSATION
CN¥720K
TENURE
0.8 yrs

Mingjie Li

TITLE
Deputy General Manager
COMPENSATION
CN¥744K
TENURE
0.8 yrs
Board of Directors Tenure

Average tenure of the China West Construction Group board of directors in years:

7
Average Tenure
  • The tenure for the China West Construction Group board of directors is about average.
Board of Directors

Wengui Wu

TITLE
Chairman
COMPENSATION
CN¥930K
TENURE
7 yrs

Zhiqi Wu

TITLE
General Manager and Director
COMPENSATION
CN¥930K
TENURE
7 yrs

Jijiang Shao

TITLE
Honorary Chairman
AGE
55
TENURE
7 yrs

Honghua Zeng

TITLE
Supervisor and Chairman of the Labor Union
COMPENSATION
CN¥638K
TENURE
7 yrs

Zijun Zhu

TITLE
Chairman of the Supervisory
TENURE
7 yrs

Xinjun Zhao

TITLE
Director
TENURE
13.5 yrs

Zhi Tao

TITLE
Director
TENURE
18.5 yrs

Lei Zhan

TITLE
Independent Director
COMPENSATION
CN¥50K
TENURE
9.2 yrs

Kang Zheng

TITLE
Director
COMPENSATION
CN¥744K

- Rui

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

China West Construction Group Co., Ltd engages in the building materials business in China, Algeria, Malaysia, and Indonesia. It is involved in mining, cement, pre-mixed concrete, mortar, and additive, as well as transport, pumping, and testing activities. The company offers concrete and related products, as well as building industrialization and solid waste utilization services. Its products are used in urban rail transit, municipal road, high-speed railway, extra large bridge, airport, and port projects, as well as residential and high-end commercial complex projects. The company operates an enterprise technology center in the field of pre-mixed concrete; four technical centers; and two engineering technical centers. China West Construction Group Co., Ltd was founded in 2001 and is based in Chengdu, China.

Details
Name: China West Construction Group Co., Ltd
002302
Exchange: XSEC
Founded: 2001
CN¥12,648,790,126
1,262,354,304
Website: http://cwcg.cscec.com
Address: China West Construction Group Co., Ltd
Tower B,
22nd Floor,
Chengdu,
Sichuan Province, 610017,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SZSE 002302 Domestic Shares Shenzhen Stock Exchange CN CNY 03. Nov 2009
XSEC 002302 Domestic Shares Shenzhen Stock Exchange - Shenzhen-Hong Kong Stock Connect CN CNY 03. Nov 2009
Number of employees
Current staff
Staff numbers
0
China West Construction Group employees.
Industry
Construction Materials
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 16:59
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2019/04/01
Last earnings filing: 2020/02/27
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.