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Jilin Yatai (Group)

XSSC:600881
Snowflake Description

Imperfect balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
600881
XSSC
CN¥10B
Market Cap
  1. Home
  2. CN
  3. Materials
Company description

Jilin Yatai (Group) Co., Ltd. operates in building materials, real estate, pharmaceutical, finance, coal, and trade and business industries in China. The last earnings update was 163 days ago. More info.


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600881 Share Price and Events
7 Day Returns
-0.3%
XSSC:600881
5.3%
CN Basic Materials
4.3%
CN Market
1 Year Returns
-23.7%
XSSC:600881
1.9%
CN Basic Materials
-7%
CN Market
600881 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Jilin Yatai (Group) (600881) -0.3% -7.5% -2.5% -23.7% -52.3% -72.9%
CN Basic Materials 5.3% 2% 5.5% 1.9% -4% 0.4%
CN Market 4.3% -4.8% -5.1% -7% -13.6% -24.6%
1 Year Return vs Industry and Market
  • 600881 underperformed the Basic Materials industry which returned 1.9% over the past year.
  • 600881 underperformed the Market in China which returned -7% over the past year.
Price Volatility
600881
Industry
5yr Volatility vs Market

600881 Value

 Is Jilin Yatai (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 Jilin Yatai (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 Jilin Yatai (Group).

XSSC:600881 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 15.9%
Perpetual Growth Rate 10-Year CN Government Bond Rate 3.2%

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

Calculation of Discount Rate/ Cost of Equity for XSSC:600881
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 0.85
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.851 (1 + (1- 25%) (305.85%))
2.208
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.2% + (2 * 6.33%)
15.86%

Discounted Cash Flow Calculation for XSSC:600881 using 2 Stage Free Cash Flow to Equity Model

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

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

XSSC:600881 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 15.86%)
2020 1,756.19 Est @ -9.2% 1,515.79
2021 1,659.99 Est @ -5.48% 1,236.62
2022 1,612.27 Est @ -2.87% 1,036.66
2023 1,595.30 Est @ -1.05% 885.34
2024 1,598.87 Est @ 0.22% 765.85
2025 1,616.72 Est @ 1.12% 668.39
2026 1,644.87 Est @ 1.74% 586.94
2027 1,680.71 Est @ 2.18% 517.64
2028 1,722.48 Est @ 2.49% 457.88
2029 1,768.99 Est @ 2.7% 405.87
Present value of next 10 years cash flows CN¥8,076.00
XSSC:600881 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥1,768.99 × (1 + 3.2%) ÷ (15.86% – 3.2%)
CN¥14,420.18
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥14,420.18 ÷ (1 + 15.86%)10
CN¥3,308.53
XSSC:600881 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥8,076.00 + CN¥3,308.53
CN¥11,384.53
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥11,384.53 / 3,248.91
CN¥3.5
XSSC:600881 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in XSSC:600881 represents 0.99677x of SHSE:600881
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99677x
Value per Share
(Listing Adjusted, CNY)
= Value per Share (CNY) x Listing Adjustment Factor
= CN¥ 3.50 x 0.99677
CN¥3.49
Value per share (CNY) From above. CN¥3.49
Current discount Discount to share price of CN¥3.09
= -1 x (CN¥3.09 - CN¥3.49) / CN¥3.49
11.5%

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

Current Discount
Amount off the current price Jilin Yatai (Group) is available for.
Intrinsic value
12%
Share price is CN¥3.09 vs Future cash flow value of CN¥3.49
Current Discount Checks
For Jilin Yatai (Group) to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Jilin Yatai (Group)'s share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Jilin Yatai (Group)'s share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Jilin Yatai (Group)'s earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Jilin Yatai (Group)'s earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
XSSC:600881 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in CNY CN¥-0.08
SHSE:600881 Share Price ** SHSE (2020-04-08) in CNY CN¥3.1
China Basic Materials Industry PE Ratio Median Figure of 31 Publicly-Listed Basic Materials Companies 15.95x
China Market PE Ratio Median Figure of 3,204 Publicly-Listed Companies 33.67x

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

** Primary Listing of Jilin Yatai (Group).

XSSC:600881 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SHSE:600881 Share Price ÷ EPS (both in CNY)

= 3.1 ÷ -0.08

-38.67x

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

  • Jilin Yatai (Group) is loss making, we can't compare its value to the CN Basic Materials industry average.
  • Jilin Yatai (Group) is loss making, we can't compare the value of its earnings to the China market.
Price based on expected Growth
Does Jilin Yatai (Group)'s expected growth come at a high price?
Raw Data
XSSC:600881 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -38.67x
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 1.04x
China Market PEG Ratio Median Figure of 1,266 Publicly-Listed Companies 1.32x

*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 Jilin Yatai (Group), we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Jilin Yatai (Group)'s assets?
Raw Data
XSSC:600881 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in CNY CN¥4.48
SHSE:600881 Share Price * SHSE (2020-04-08) in CNY CN¥3.1
China Basic Materials Industry PB Ratio Median Figure of 35 Publicly-Listed Basic Materials Companies 1.94x
China Market PB Ratio Median Figure of 3,693 Publicly-Listed Companies 2.35x
XSSC:600881 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SHSE:600881 Share Price ÷ Book Value per Share (both in CNY)

= 3.1 ÷ 4.48

0.69x

* Primary Listing of Jilin Yatai (Group).

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

  • Jilin Yatai (Group) is good value based on assets compared to the CN Basic Materials industry average.
X
Value checks
We assess Jilin Yatai (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. Jilin Yatai (Group) 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.

600881 Future Performance

 How is Jilin Yatai (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 Jilin Yatai (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
14.1%
Expected Basic Materials industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Jilin Yatai (Group) expected to grow at an attractive rate?
  • Unable to compare Jilin Yatai (Group)'s earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Jilin Yatai (Group)'s earnings growth to the China market average as no estimate data is available.
  • Unable to compare Jilin Yatai (Group)'s revenue growth to the China market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
XSSC:600881 Future Growth Rates Data Sources
Data Point Source Value (per year)
China Basic Materials Industry Earnings Growth Rate Market Cap Weighted Average 14.1%
China Basic Materials Industry Revenue Growth Rate Market Cap Weighted Average 11.1%
China Market Earnings Growth Rate Market Cap Weighted Average 20.7%
China Market Revenue Growth Rate Market Cap Weighted Average 15.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

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

Analysts growth expectations
Raw Data
XSSC:600881 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.
XSSC:600881 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-09-30 15,627 2,369 -219
2019-06-30 14,344 1,841 -238
2019-03-31 14,207 1,283 -87
2018-12-31 14,128 2,569 -197
2018-09-30 19,337 4,200 736
2018-06-30 18,925 6,217 810
2018-03-31 18,523 5,556 865
2017-12-31 17,655 6,141 802
2017-09-30 11,179 3,051 162
2017-06-30 11,148 2,516 129
2017-03-31 10,934 3,017 71
2016-12-31 11,011 2,590 108

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Jilin Yatai (Group) is high growth as no earnings estimate data is available.
  • Unable to determine if Jilin Yatai (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
XSSC:600881 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 Jilin Yatai (Group) Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

XSSC:600881 Past Financials Data
Date (Data in CNY Millions) EPS *
2019-09-30 -0.08
2019-06-30 -0.07
2019-03-31 -0.03
2018-12-31 -0.06
2018-09-30 0.21
2018-06-30 0.21
2018-03-31 0.27
2017-12-31 0.27
2017-09-30 0.05
2017-06-30 0.05
2017-03-31 0.03
2016-12-31 0.04

*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 Jilin Yatai (Group) will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of 600881’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Jilin Yatai (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 Jilin Yatai (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.
Jilin Yatai (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.

600881 Past Performance

  How has Jilin Yatai (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 Jilin Yatai (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.
  • Jilin Yatai (Group) does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Jilin Yatai (Group)'s 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Jilin Yatai (Group)'s 1-year growth to the CN Basic Materials industry average as it is not currently profitable.
Earnings and Revenue History
Jilin Yatai (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 Jilin Yatai (Group) Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

XSSC:600881 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 15,626.72 -219.41 2,546.12 63.97
2019-06-30 14,344.24 -238.28 2,401.17 17.71
2019-03-31 14,207.13 -86.84 2,387.28 17.67
2018-12-31 14,128.39 -197.32 2,343.63 18.01
2018-09-30 19,337.05 736.04 2,716.33 65.84
2018-06-30 18,924.92 810.48 2,746.96 69.60
2018-03-31 18,523.22 864.70 2,654.53 64.60
2017-12-31 17,654.68 801.80 2,706.26 60.81
2017-09-30 11,179.07 162.24 2,246.03 7.31
2017-06-30 11,148.06 128.66 2,321.23
2017-03-31 10,933.83 70.55 2,182.73
2016-12-31 11,010.73 108.31 2,121.46
2016-09-30 10,363.03 -123.60 1,930.76
2016-06-30 10,764.26 -200.64 1,968.15
2016-03-31 10,806.51 -215.98 2,183.78
2015-12-31 11,011.67 -189.59 2,211.83
2015-09-30 11,743.45 74.22 2,028.03
2015-06-30 13,005.97 126.48 2,110.43
2015-03-31 13,992.44 -0.35 2,105.26
2014-12-31 14,455.36 183.59 2,013.41
2014-09-30 14,627.59 124.25 2,102.37
2014-06-30 13,937.70 149.41 2,038.09
2014-03-31 14,018.11 208.27 1,991.74
2013-12-31 13,448.22 217.60 1,931.24
2013-09-30 13,637.15 254.35 2,167.28
2013-06-30 12,958.78 247.90 1,881.00

*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.
  • It is difficult to establish if Jilin Yatai (Group) has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Jilin Yatai (Group) used its assets less efficiently than the CN Basic Materials industry average last year based on Return on Assets.
  • It is difficult to establish if Jilin Yatai (Group) improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Jilin Yatai (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.
Jilin Yatai (Group) has a total score of 0/6, 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.

600881 Health

 How is Jilin Yatai (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 Jilin Yatai (Group)'s finances.

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

XSSC:600881 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 18,775.75 30,804.08 7,837.22
2019-06-30 18,747.59 29,049.95 7,658.42
2019-03-31 18,639.58 31,012.43 8,072.63
2018-12-31 18,720.22 29,656.23 7,468.24
2018-09-30 19,046.37 30,469.45 6,194.14
2018-06-30 19,102.22 28,482.98 6,173.76
2018-03-31 18,895.55 30,362.22 5,437.07
2017-12-31 19,132.24 29,123.42 4,862.56
2017-09-30 17,605.73 31,800.26 7,256.57
2017-06-30 17,345.25 31,940.23 8,700.82
2017-03-31 14,049.36 30,544.78 5,316.25
2016-12-31 14,298.04 32,219.89 5,777.46
2016-09-30 14,505.76 31,265.98 6,220.50
2016-06-30 14,293.39 33,416.94 7,148.10
2016-03-31 14,069.09 30,861.85 6,218.62
2015-12-31 14,376.54 33,261.63 7,586.18
2015-09-30 14,528.34 35,319.25 8,945.39
2015-06-30 14,607.22 33,584.23 7,475.55
2015-03-31 11,906.66 35,109.55 6,919.61
2014-12-31 12,090.94 33,819.47 6,413.04
2014-09-30 12,137.69 23,870.66 4,688.06
2014-06-30 12,071.38 29,912.47 4,613.05
2014-03-31 12,177.06 29,252.94 4,594.85
2013-12-31 12,046.44 28,466.16 4,807.32
2013-09-30 11,914.49 26,599.65 4,579.37
2013-06-30
  • Jilin Yatai (Group)'s level of debt (161.6%) 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 (193.6% vs 161.6% today).
  • Debt is not well covered by operating cash flow (7.8%, less than 20% of total debt).
  • Jilin Yatai (Group) is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Jilin Yatai (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. Jilin Yatai (Group) has a total score of 2/6, 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.

600881 Dividends

 What is Jilin Yatai (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%
Current annual income from Jilin Yatai (Group) dividends.
If you bought CN¥2,000 of Jilin Yatai (Group) shares you are expected to receive CN¥0 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?
  • Unable to evaluate Jilin Yatai (Group)'s dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Jilin Yatai (Group)'s dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
XSSC:600881 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 2.2%
China Market Average Dividend Yield Market Cap Weighted Average of 2584 Stocks 1.9%
China Minimum Threshold Dividend Yield 10th Percentile 0.2%
China Bottom 25% Dividend Yield 25th Percentile 0.4%
China Top 25% Dividend Yield 75th Percentile 2%

Industry and Market average data is calculated daily.

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

XSSC:600881 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-10-29 0.000 0.000
2019-08-28 0.000 0.000
2019-05-06 0.000 0.000
2019-04-26 0.000 0.000
2018-08-01 0.050 1.397
2015-10-29 0.000 0.000
2015-08-31 0.000 0.000
2015-04-28 0.000 0.000
2014-05-21 0.100 1.842
2013-04-17 0.100 2.470
2012-04-27 0.100 1.952
2011-06-23 0.100 1.689
2010-03-29 0.100 1.395

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

  • Unable to perform a dividend volatility check as Jilin Yatai (Group) has not reported any payouts.
  • Unable to verify if Jilin Yatai (Group)'s dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Jilin Yatai (Group)'s earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Jilin Yatai (Group) 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 Jilin Yatai (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 Jilin Yatai (Group) afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Jilin Yatai (Group) has a total score of 0/6, see the detailed checks below.


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

600881 Management

 What is the CEO of Jilin Yatai (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
Shang Long Song
COMPENSATION CN¥1,268,700
AGE 66
CEO Bio

Mr. Song ShangLong serves as Chairman and Chief Executive Officer of Jilin Yatai (group) Co., Ltd. Mr. Song is a Senior Economist, Excellent Young Entrepreneur of Jilin province and the state, deputy to the NPC of changchun city and utstanding Business Operator of Changchun City. He served as the Vice Chairman, Chief Executive Officer and Deputy General Manager of Jilin Yatai (Group) Co., Ltd. He served as General Manager of Changchun Longda Building Industry Co., Ltd. Mr. Song has been a Non-Independent Director of Northeast Securities Co., Ltd. since January 20, 2014. He has been a Non-Executive Director of Bank of Jilin Co.,Ltd. since December 2010. He has once taken the following post: Vice Director of Changchun Longda Building Industrial Company. He holds a Bachelor’s degree.

CEO Compensation
  • Shang Long's compensation has increased whilst company is loss making.
  • Shang Long's remuneration is lower than average for companies of similar size in China.
Management Team

Shang Long Song

TITLE
Chairman & CEO
COMPENSATION
CN¥1M
AGE
66

Shu Sen Liu

TITLE
Vice Chairman & Executive VP
COMPENSATION
CN¥987K
AGE
57

Jizhong Chen

TITLE
VP & Director
COMPENSATION
CN¥987K
AGE
61

Feng Ying Zhang

TITLE
VP & Director
COMPENSATION
CN¥807K
AGE
63

De Fu Xu

TITLE
Chief Engineer
COMPENSATION
CN¥987K
AGE
66

Hua Min Wang

TITLE
Chief Economist
COMPENSATION
CN¥987K
AGE
57

Kui Wu Tian

TITLE
Vice President
COMPENSATION
CN¥548K
AGE
54
TENURE
5.3 yrs

Xiao Liu

TITLE
Vice President
COMPENSATION
CN¥807K
AGE
54

Yi Yang

TITLE
Vice President
COMPENSATION
CN¥807K
AGE
64
TENURE
7.4 yrs

Xuesong Peng

TITLE
Chief Accountant
AGE
45
Board of Directors

Shang Long Song

TITLE
Chairman & CEO
COMPENSATION
CN¥1M
AGE
66

Shu Sen Liu

TITLE
Vice Chairman & Executive VP
COMPENSATION
CN¥987K
AGE
57

Xiao Feng Sun

TITLE
Vice Chairman
COMPENSATION
CN¥987K
AGE
57

Jizhong Chen

TITLE
VP & Director
COMPENSATION
CN¥987K
AGE
61

Feng Ying Zhang

TITLE
VP & Director
COMPENSATION
CN¥807K
AGE
63

Hua Min Wang

TITLE
Chief Economist
COMPENSATION
CN¥987K
AGE
57

Bin Li

TITLE
Human Resources Department General Manager and Member of the Supervisory Board
AGE
44

Huai Yu Di

TITLE
VP & Director
AGE
54

Jiang Yu Min

TITLE
Chairman of the Supervisory Board
COMPENSATION
CN¥300K
AGE
64

Ting Liang Li

TITLE
Vice Chairman of the Supervisory Board
COMPENSATION
CN¥987K
AGE
67
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 Jilin Yatai (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. Jilin Yatai (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.

600881 News

Simply Wall St News

600881 Company Info

Description

Jilin Yatai (Group) Co., Ltd. operates in building materials, real estate, pharmaceutical, finance, coal, and trade and business industries in China. The company mines for limestone and gravel aggregates; and processes, produces, and sells clinker, cement, premixed concrete, and other building materials. It also produces pharmaceutical health products and medicines, and medical equipment; and provides primary land consolidation, housing development, building construction, decoration, environmental engineering, property management, and heating services. In addition, the company offers financial investment services; provides banking services through 392 branches in Jilin province; and operates shopping malls, department stores, and hotels. Further, it engages in exploitation, production, and sale of coal. Jilin Yatai (Group) Co., Ltd. was founded in 1986 and is based in Changchun, China.

Details
Name: Jilin Yatai (Group) Co., Ltd.
600881
Exchange: XSSC
Founded: 1986
CN¥10,071,632,122
3,248,913,588
Website: http://www.yatai.com
Address: Jilin Yatai (Group) Co., Ltd.
No. 1801 Jilin Road,
Changchun,
Jilin Province, China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SHSE 600881 A Shares Shanghai Stock Exchange CN CNY 12. Dec 1995
XSSC 600881 A Shares Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect CN CNY 12. Dec 1995
Number of employees
Current staff
Staff numbers
20,912
Jilin Yatai (Group) employees.
Industry
Construction Materials
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/09 18:54
End of day share price update: 2020/04/08 00:00
Last earnings filing: 2019/10/29
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


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

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