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Spearhead Integrated Marketing Communication Group

XSEC:300071
Snowflake Description

Slightly overvalued with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
300071
XSEC
CN¥2B
Market Cap
  1. Home
  2. CN
  3. Media
Company description

Spearhead Integrated Marketing Communication Group provides marketing services in China. The last earnings update was 39 days ago. More info.


Add to Portfolio Compare Print
  • Spearhead Integrated Marketing Communication Group has significant price volatility in the past 3 months.
300071 Share Price and Events
7 Day Returns
-2.9%
XSEC:300071
-1.9%
CN Media
-0.1%
CN Market
1 Year Returns
-48.9%
XSEC:300071
-25.8%
CN Media
-9.3%
CN Market
300071 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Spearhead Integrated Marketing Communication Group (300071) -2.9% -16.9% -20.1% -48.9% -71.9% -
CN Media -1.9% -13.8% -12.2% -25.8% -45.6% -64.9%
CN Market -0.1% -10.6% -6.3% -9.3% -16.2% -26.5%
1 Year Return vs Industry and Market
  • 300071 underperformed the Media industry which returned -25.8% over the past year.
  • 300071 underperformed the Market in China which returned -9.3% over the past year.
Price Volatility
300071
Industry
5yr Volatility vs Market

300071 Value

 Is Spearhead Integrated Marketing Communication 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 Spearhead Integrated Marketing Communication 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 Spearhead Integrated Marketing Communication Group.

XSEC:300071 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 9.1%
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:300071
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CN Govt Bond Rate 3.2%
Equity Risk Premium S&P Global 6.3%
Media Unlevered Beta Simply Wall St/ S&P Global 0.64
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.638 (1 + (1- 25%) (56.77%))
0.939
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.94
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.2% + (0.939 * 6.33%)
9.15%

Discounted Cash Flow Calculation for XSEC:300071 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Spearhead Integrated Marketing Communication 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.

XSEC:300071 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 9.15%)
2020 284.68 Est @ 9.76% 260.82
2021 306.87 Est @ 7.79% 257.59
2022 326.56 Est @ 6.42% 251.15
2023 344.36 Est @ 5.45% 242.65
2024 360.81 Est @ 4.78% 232.93
2025 376.33 Est @ 4.3% 222.59
2026 391.28 Est @ 3.97% 212.04
2027 405.92 Est @ 3.74% 201.54
2028 420.44 Est @ 3.58% 191.26
2029 435.01 Est @ 3.46% 181.30
Present value of next 10 years cash flows CN¥2,253.00
XSEC:300071 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥435.01 × (1 + 3.2%) ÷ (9.15% – 3.2%)
CN¥7,549.46
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥7,549.46 ÷ (1 + 9.15%)10
CN¥3,146.42
XSEC:300071 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥2,253.00 + CN¥3,146.42
CN¥5,399.42
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥5,399.42 / 671.39
CN¥8.04
XSEC:300071 Discount to Share Price
Calculation Result
Value per share (CNY) From above. CN¥8.04
Current discount Discount to share price of CN¥2.31
= -1 x (CN¥2.31 - CN¥8.04) / CN¥8.04
71.3%

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

Current Discount
Amount off the current price Spearhead Integrated Marketing Communication Group is available for.
Intrinsic value
>50%
Share price is CN¥2.31 vs Future cash flow value of CN¥8.04
Current Discount Checks
For Spearhead Integrated Marketing Communication Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Spearhead Integrated Marketing Communication Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Spearhead Integrated Marketing Communication Group's share price is below the future cash flow value, and 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 Spearhead Integrated Marketing Communication Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Spearhead Integrated Marketing Communication Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
XSEC:300071 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CNY CN¥0.02
SZSE:300071 Share Price ** SZSE (2020-04-03) in CNY CN¥2.31
China Media Industry PE Ratio Median Figure of 54 Publicly-Listed Media Companies 34.86x
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 Spearhead Integrated Marketing Communication Group.

XSEC:300071 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SZSE:300071 Share Price ÷ EPS (both in CNY)

= 2.31 ÷ 0.02

115.5x

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

  • Spearhead Integrated Marketing Communication Group is overvalued based on earnings compared to the CN Media industry average.
  • Spearhead Integrated Marketing Communication Group is overvalued based on earnings compared to the China market.
Price based on expected Growth
Does Spearhead Integrated Marketing Communication Group's expected growth come at a high price?
Raw Data
XSEC:300071 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 115.5x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
China Media Industry PEG Ratio Median Figure of 20 Publicly-Listed Media Companies 1.31x
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 Spearhead Integrated Marketing Communication Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Spearhead Integrated Marketing Communication Group's assets?
Raw Data
XSEC:300071 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CNY CN¥0.11
SZSE:300071 Share Price * SZSE (2020-04-03) in CNY CN¥2.31
China Media Industry PB Ratio Median Figure of 62 Publicly-Listed Media Companies 1.66x
China Market PB Ratio Median Figure of 3,691 Publicly-Listed Companies 2.26x
XSEC:300071 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SZSE:300071 Share Price ÷ Book Value per Share (both in CNY)

= 2.31 ÷ 0.11

21.67x

* Primary Listing of Spearhead Integrated Marketing Communication Group.

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

  • Spearhead Integrated Marketing Communication Group is overvalued based on assets compared to the CN Media industry average.
X
Value checks
We assess Spearhead Integrated Marketing Communication 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 Media 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 Media industry average (and greater than 0)? (1 check)
  5. Spearhead Integrated Marketing Communication 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.

300071 Future Performance

 How is Spearhead Integrated Marketing Communication 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 Spearhead Integrated Marketing Communication 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
20.1%
Expected Media industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Spearhead Integrated Marketing Communication Group expected to grow at an attractive rate?
  • Unable to compare Spearhead Integrated Marketing Communication Group's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Spearhead Integrated Marketing Communication Group's earnings growth to the China market average as no estimate data is available.
  • Unable to compare Spearhead Integrated Marketing Communication Group's revenue growth to the China market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
XSEC:300071 Future Growth Rates Data Sources
Data Point Source Value (per year)
China Media Industry Earnings Growth Rate Market Cap Weighted Average 20.1%
China Media Industry Revenue Growth Rate Market Cap Weighted Average 12.6%
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:300071 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:300071 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-12-31 2,245 11
2019-09-30 2,869 266 -860
2019-06-30 3,173 329 -846
2019-03-31 3,266 381 -841
2018-12-31 3,416 372 -769
2018-09-30 3,172 242 -369
2018-06-30 3,467 -32 -275
2018-03-31 3,447 -61 -268
2017-12-31 3,503 -101 -277
2017-09-30 3,563 -94 141
2017-06-30 3,420 134 103
2017-03-31 3,475 55 132

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Spearhead Integrated Marketing Communication Group is high growth as no earnings estimate data is available.
  • Unable to determine if Spearhead Integrated Marketing Communication 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:300071 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 Spearhead Integrated Marketing Communication Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

XSEC:300071 Past Financials Data
Date (Data in CNY Millions) EPS *
2019-12-31 0.02
2019-09-30 -1.31
2019-06-30 -1.26
2019-03-31 -1.21
2018-12-31 -1.13
2018-09-30 -0.52
2018-06-30 -0.43
2018-03-31 -0.41
2017-12-31 -0.41
2017-09-30 0.21
2017-06-30 0.15
2017-03-31 0.19

*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 Spearhead Integrated Marketing Communication 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 300071’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. Spearhead Integrated Marketing Communication 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 Media 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 Spearhead Integrated Marketing Communication 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.
Spearhead Integrated Marketing Communication 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.

300071 Past Performance

  How has Spearhead Integrated Marketing Communication 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 Spearhead Integrated Marketing Communication Group's growth in the last year to its industry (Media).
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.
  • Spearhead Integrated Marketing Communication Group's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Spearhead Integrated Marketing Communication Group has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Spearhead Integrated Marketing Communication Group has become profitable in the last year making it difficult to compare the CN Media industry average.
Earnings and Revenue History
Spearhead Integrated Marketing Communication 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 Spearhead Integrated Marketing Communication Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

XSEC:300071 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 2,245.34 11.26
2019-09-30 2,868.57 -860.33 759.45 24.85
2019-06-30 3,172.54 -845.78 765.58 24.72
2019-03-31 3,266.49 -841.18 747.02 23.49
2018-12-31 3,415.58 -769.04 732.98 22.46
2018-09-30 3,171.96 -368.99 800.41 23.05
2018-06-30 3,466.72 -274.93 753.01 33.45
2018-03-31 3,446.52 -268.12 773.47 29.13
2017-12-31 3,503.27 -277.12 765.84 23.23
2017-09-30 3,563.39 140.68 450.78 16.10
2017-06-30 3,419.62 103.34 461.41
2017-03-31 3,475.32 132.43 443.02
2016-12-31 3,452.98 131.24 423.41
2016-09-30 3,341.86 142.05 389.13
2016-06-30 3,155.81 118.55 385.62
2016-03-31 3,146.23 124.18 356.41
2015-12-31 3,250.06 127.66 351.04
2015-09-30 2,918.17 137.61 275.74
2015-06-30 2,562.97 125.91 206.36
2015-03-31 2,104.22 89.68 158.38
2014-12-31 1,559.84 70.50 105.12
2014-09-30 1,554.57 71.86 99.41
2014-06-30 1,595.85 58.37 94.81
2014-03-31 1,667.23 57.80 93.11
2013-12-31 1,755.24 63.48 89.43
2013-09-30 1,628.31 50.76 79.89
2013-06-30 1,486.71 46.53 76.11

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Spearhead Integrated Marketing Communication Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Spearhead Integrated Marketing Communication Group used its assets less efficiently than the CN Media industry average last year based on Return on Assets.
  • Spearhead Integrated Marketing Communication Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Spearhead Integrated Marketing Communication 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 Media 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.
Spearhead Integrated Marketing Communication 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.

300071 Health

 How is Spearhead Integrated Marketing Communication 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 Spearhead Integrated Marketing Communication Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Spearhead Integrated Marketing Communication Group's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Spearhead Integrated Marketing Communication Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Spearhead Integrated Marketing Communication 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 1.6x 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 Spearhead Integrated Marketing Communication Group Company Filings, last reported 3 months ago.

XSEC:300071 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 81.47 880.49 96.67
2019-09-30 81.47 880.49 96.67
2019-06-30 91.66 902.46 36.24
2019-03-31 84.34 896.90 27.37
2018-12-31 125.85 954.16 55.54
2018-09-30 937.02 1,006.06 37.23
2018-06-30 933.04 1,170.09 38.61
2018-03-31 926.67 1,161.89 92.64
2017-12-31 896.12 1,368.33 252.62
2017-09-30 1,306.15 867.90 68.10
2017-06-30 1,207.81 560.80 80.63
2017-03-31 1,231.23 657.95 131.98
2016-12-31 1,208.18 987.88 239.68
2016-09-30 1,194.48 527.00 173.97
2016-06-30 1,139.80 507.00 114.25
2016-03-31 1,123.47 298.00 197.69
2015-12-31 1,102.71 163.00 349.52
2015-09-30 1,204.68 75.00 123.94
2015-06-30 1,159.92 55.00 76.79
2015-03-31 1,130.65 55.00 137.38
2014-12-31 1,229.42 40.00 145.06
2014-09-30 621.33 0.00 98.46
2014-06-30 594.93 0.00 115.58
2014-03-31 590.87 59.91 217.26
2013-12-31 586.44 140.91 144.28
2013-09-30 541.08 121.00 47.71
2013-06-30 530.29 101.31 91.04
  • Spearhead Integrated Marketing Communication Group's level of debt (1080.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (3.3% vs 1080.7% today).
  • Debt is well covered by operating cash flow (30.2%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 0.7x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Spearhead Integrated Marketing Communication 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. Spearhead Integrated Marketing Communication 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.

300071 Dividends

 What is Spearhead Integrated Marketing Communication 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 Spearhead Integrated Marketing Communication Group dividends.
If you bought CN¥2,000 of Spearhead Integrated Marketing Communication 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 Spearhead Integrated Marketing Communication Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Spearhead Integrated Marketing Communication 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
XSEC:300071 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 Media Industry Average Dividend Yield Market Cap Weighted Average of 43 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:300071 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-02-26 0.000 0.000
2018-10-29 0.000 0.000
2018-08-27 0.000 0.000
2018-05-30 0.000 0.000
2017-05-08 0.039 0.492
2016-06-14 0.040 0.405
2015-10-26 0.022 0.174
2014-06-27 0.014 0.146
2013-05-14 0.014 0.253
2012-03-29 0.019 0.830
2011-04-22 0.009 0.364
2010-08-25 0.009 0.317

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

  • Unable to perform a dividend volatility check as Spearhead Integrated Marketing Communication Group has not reported any payouts.
  • Unable to verify if Spearhead Integrated Marketing Communication Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Spearhead Integrated Marketing Communication Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Spearhead Integrated Marketing Communication 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.
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Income/ dividend checks
We assess Spearhead Integrated Marketing Communication 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 Spearhead Integrated Marketing Communication Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Spearhead Integrated Marketing Communication 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.

300071 Management

 What is the CEO of Spearhead Integrated Marketing Communication 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
Wei Liu
COMPENSATION CN¥498,100
CEO Bio

Mr. Wei Liu serves as Chairman of the Board and General Manager of Spearhead Integrated Marketing Communication Group.

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

Wei Liu

TITLE
Chairman of the Board and General Manager
COMPENSATION
CN¥498K

Jian Chai

TITLE
Chief Financial Officer and Deputy General Manager
COMPENSATION
CN¥314K
AGE
45

Yang Zhen

TITLE
Deputy General Manager and Secretary of the Board
COMPENSATION
CN¥194K

Hua Fang

TITLE
Deputy General Manager
COMPENSATION
CN¥316K
AGE
42

Ling Bo Li

TITLE
Deputy General Manager and Director
COMPENSATION
CN¥324K
AGE
43

Xin Huang

TITLE
Deputy General Manager and Director
COMPENSATION
CN¥259K
AGE
43
Board of Directors

Wei Liu

TITLE
Chairman of the Board and General Manager
COMPENSATION
CN¥498K

Ling Bo Li

TITLE
Deputy General Manager and Director
COMPENSATION
CN¥324K
AGE
43

Xin Huang

TITLE
Deputy General Manager and Director
COMPENSATION
CN¥259K
AGE
43

Tao Xie

TITLE
Chairman of the Supervisory Board
AGE
39

Gavin Ni

TITLE
Director
AGE
45

Xiaochuan Huang

TITLE
Director

Guangwei Wen

TITLE
Independent Director
COMPENSATION
CN¥60K
AGE
56

Di Miao

TITLE
Independent Director
AGE
68
TENURE
4.3 yrs

Jun Yan Liu

TITLE
Independent Director
AGE
53
TENURE
4.3 yrs

Chun Lei Wang

TITLE
Member of the Supervisory Board
AGE
39
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 Spearhead Integrated Marketing Communication 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. Spearhead Integrated Marketing Communication 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.

300071 News

Simply Wall St News

300071 Company Info

Description

Spearhead Integrated Marketing Communication Group provides marketing services in China. It offers digital, experiential, content, big data, and public relation and communication marketing services. The company was founded in 2003 and is based in Beijing, China.

Details
Name: Spearhead Integrated Marketing Communication Group
300071
Exchange: XSEC
Founded: 2003
CN¥1,550,902,630
671,386,420
Website: http://www.spearhead.com.cn
Address: Spearhead Integrated Marketing Communication Group
Sihui Building,
Ground Floor, Room 1044-1046,
Beijing,
100123,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SZSE 300071 Domestic Shares Shenzhen Stock Exchange CN CNY 21. Apr 2010
XSEC 300071 Domestic Shares Shenzhen Stock Exchange - Shenzhen-Hong Kong Stock Connect CN CNY 21. Apr 2010
Number of employees
Current staff
Staff numbers
1,781
Spearhead Integrated Marketing Communication Group employees.
Industry
Advertising
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 18:55
End of day share price update: 2020/04/03 00:00
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.