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360 Security Technology

SHSE:601360
Snowflake Description

Flawless balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
601360
SHSE
CN¥166B
Market Cap
  1. Home
  2. CN
  3. Software
Company description

360 Security Technology Inc., an Internet security company, provides Internet and mobile security products in China. The last earnings update was 90 days ago. More info.


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601360 Share Price and Events
7 Day Returns
3.6%
SHSE:601360
-3.4%
CN Software
-4%
CN Market
1 Year Returns
24.2%
SHSE:601360
49.9%
CN Software
26%
CN Market
601360 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
360 Security Technology (601360) 3.6% 3.3% 3.7% 24.2% - -
CN Software -3.4% 10.6% 8.1% 49.9% 24.2% 36.8%
CN Market -4% 2% 4.7% 26% -7.5% 9%
1 Year Return vs Industry and Market
  • 601360 underperformed the Software industry which returned 49.9% over the past year.
  • 601360 underperformed the Market in China which returned 26% over the past year.
Price Volatility
Industry
5yr Volatility vs Market
Related Companies

601360 Value

 Is 360 Security Technology 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 360 Security Technology 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 360 Security Technology.

SHSE:601360 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.1%
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 SHSE:601360
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CN Govt Bond Rate 3.2%
Equity Risk Premium S&P Global 6.3%
Software Unlevered Beta Simply Wall St/ S&P Global 1.13
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.135 (1 + (1- 25%) (0%))
1.09
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.09
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.2% + (1.09 * 6.33%)
10.1%

Discounted Cash Flow Calculation for SHSE:601360 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for 360 Security Technology 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.

SHSE:601360 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 10.1%)
2020 2,216.22 Est @ -13.7% 2,012.90
2021 2,024.99 Est @ -8.63% 1,670.49
2022 1,922.12 Est @ -5.08% 1,440.16
2023 1,872.22 Est @ -2.6% 1,274.09
2024 1,856.17 Est @ -0.86% 1,147.28
2025 1,862.85 Est @ 0.36% 1,045.78
2026 1,885.43 Est @ 1.21% 961.36
2027 1,919.53 Est @ 1.81% 888.95
2028 1,962.25 Est @ 2.23% 825.37
2029 2,011.66 Est @ 2.52% 768.53
Present value of next 10 years cash flows CN¥12,034.00
SHSE:601360 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥2,011.66 × (1 + 3.2%) ÷ (10.1% – 3.2%)
CN¥30,085.08
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥30,085.08 ÷ (1 + 10.1%)10
CN¥11,493.60
SHSE:601360 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥12,034.00 + CN¥11,493.60
CN¥23,527.60
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥23,527.60 / 6,764.06
CN¥3.48
SHSE:601360 Discount to Share Price
Calculation Result
Value per share (CNY) From above. CN¥3.48
Current discount Discount to share price of CN¥24.57
= -1 x (CN¥24.57 - CN¥3.48) / CN¥3.48
-606.4%

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

  • The current share price of 360 Security Technology 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 360 Security Technology's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are 360 Security Technology's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SHSE:601360 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in CNY CN¥0.92
SHSE:601360 Share Price ** SHSE (2020-01-23) in CNY CN¥24.57
China Software Industry PE Ratio Median Figure of 78 Publicly-Listed Software Companies 64.74x
China Market PE Ratio Median Figure of 3,033 Publicly-Listed Companies 32.38x

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

** Primary Listing of 360 Security Technology.

SHSE:601360 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SHSE:601360 Share Price ÷ EPS (both in CNY)

= 24.57 ÷ 0.92

26.75x

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

  • 360 Security Technology is good value based on earnings compared to the CN Software industry average.
  • 360 Security Technology is good value based on earnings compared to the China market.
Price based on expected Growth
Does 360 Security Technology's expected growth come at a high price?
Raw Data
SHSE:601360 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 26.75x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
-12.9%per year
China Software Industry PEG Ratio Median Figure of 41 Publicly-Listed Software Companies 2.37x
China Market PEG Ratio Median Figure of 1,281 Publicly-Listed Companies 1.3x

*Line of best fit is calculated by linear regression .

SHSE:601360 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 26.75x ÷ -12.9%

-2.08x

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

  • 360 Security Technology earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on 360 Security Technology's assets?
Raw Data
SHSE:601360 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in CNY CN¥4.12
SHSE:601360 Share Price * SHSE (2020-01-23) in CNY CN¥24.57
China Software Industry PB Ratio Median Figure of 85 Publicly-Listed Software Companies 5.33x
China Market PB Ratio Median Figure of 3,638 Publicly-Listed Companies 2.37x
SHSE:601360 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SHSE:601360 Share Price ÷ Book Value per Share (both in CNY)

= 24.57 ÷ 4.12

5.97x

* Primary Listing of 360 Security Technology.

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

  • 360 Security Technology is overvalued based on assets compared to the CN Software industry average.
X
Value checks
We assess 360 Security Technology'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 Software 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 Software industry average (and greater than 0)? (1 check)
  5. 360 Security Technology 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.

601360 Future Performance

 How is 360 Security Technology expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

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
-12.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is 360 Security Technology expected to grow at an attractive rate?
  • 360 Security Technology's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 3.2%.
Growth vs Market Checks
  • 360 Security Technology's earnings are expected to decrease over the next 1-3 years, this is below the China market average.
  • 360 Security Technology's revenue growth is positive but not above the China market average.
Annual Growth Rates Comparison
Raw Data
SHSE:601360 Future Growth Rates Data Sources
Data Point Source Value (per year)
SHSE:601360 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts -12.9%
SHSE:601360 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 14.7%
China Software Industry Earnings Growth Rate Market Cap Weighted Average 25.8%
China Software Industry Revenue Growth Rate Market Cap Weighted Average 22.3%
China Market Earnings Growth Rate Market Cap Weighted Average 21.5%
China Market Revenue Growth Rate Market Cap Weighted Average 15.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

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

Analysts growth expectations
Raw Data
SHSE:601360 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SHSE:601360 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 18,695 5,502 5,048 3
2020-12-31 16,449 4,816 4,465 3
2020-01-28
2019-12-31 14,239 3,875 6,494 3
SHSE:601360 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-09-30 13,202 3,073 6,195
2019-06-30 13,029 2,814 6,050
2019-03-31 13,080 3,299 3,704
2018-12-31 13,129 3,748 3,535
2018-03-31 12,552 4,203 3,190
2017-12-31 12,238 4,143 3,372
2016-12-31 9,904 5,157 1,872

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • 360 Security Technology's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • 360 Security Technology's revenue is expected to grow by 14.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SHSE:601360 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 3 Analyst Estimates (S&P Global) See Below

All data from 360 Security Technology Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SHSE:601360 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.77 0.80 0.73 3.00
2020-12-31 0.69 0.74 0.64 3.00
2020-01-28
2019-12-31 0.99 1.06 0.92 3.00
SHSE:601360 Past Financials Data
Date (Data in CNY Millions) EPS *
2019-09-30 0.92
2019-06-30 0.90
2019-03-31 0.56
2018-12-31 0.53
2018-03-31 0.50
2017-12-31 0.53
2016-12-31

*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.
  • 360 Security Technology is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess 360 Security Technology'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.
360 Security Technology 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.

601360 Past Performance

  How has 360 Security Technology 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 360 Security Technology's growth in the last year to its industry (Software).
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.
  • 360 Security Technology has delivered over 20% year on year earnings growth in the past 5 years.
  • 360 Security Technology's 1-year earnings growth exceeds its 5-year average (81.2% vs 29.2%)
  • 360 Security Technology's earnings growth has exceeded the CN Software industry average in the past year (81.2% vs 13.6%).
Earnings and Revenue History
360 Security Technology'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 360 Security Technology Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SHSE:601360 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 13,202.11 6,195.13 2,266.16 2,597.13
2019-06-30 13,028.65 6,050.32 2,408.96 2,605.38
2019-03-31 13,079.93 3,704.34 2,558.07 2,594.64
2018-12-31 13,129.26 3,534.84 2,873.14 2,546.31
2018-03-31 12,551.67 3,190.06 2,374.94 2,953.71
2017-12-31 12,238.11 3,371.98 2,670.01 2,417.48
2016-12-31 9,904.34 1,871.79 5,967.72
2015-12-31 11,716.26 1,976.51 4,186.22 3,220.05
2015-09-30 11,091.61 1,858.59 3,588.92 3,021.73
2015-06-30 10,108.62 1,643.48 3,044.71 2,786.08
2015-03-31 9,360.48 1,381.43 2,820.40 2,688.02
2014-12-31 8,624.87 1,357.74 2,648.63 2,519.56
2014-09-30 7,250.00 978.61 2,249.69 2,267.89
2014-06-30 6,172.49 908.98 1,811.75 2,053.85
2014-03-31 5,137.27 870.64 1,373.25 1,800.88
2013-12-31 4,062.77 584.07 1,025.26 1,545.27
2013-09-30 3,381.54 573.61 904.13 1,415.05
2013-06-30 2,754.95 381.93 782.41 1,254.15
2013-03-31 2,297.45 224.89 695.81 1,110.95

*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.
  • 360 Security Technology has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • 360 Security Technology used its assets more efficiently than the CN Software industry average last year based on Return on Assets.
  • 360 Security Technology's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess 360 Security Technology'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 Software 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.
360 Security Technology has a total score of 5/6, 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.

601360 Health

 How is 360 Security Technology'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 360 Security Technology's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • 360 Security Technology is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • 360 Security Technology's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of 360 Security Technology'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.
  • 360 Security Technology has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

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

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

All data from 360 Security Technology Company Filings, last reported 3 months ago.

SHSE:601360 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 27,869.34 0.00 16,903.46
2019-06-30 27,021.39 0.00 16,790.80
2019-03-31 25,676.01 0.00 15,429.09
2018-12-31 24,279.50 0.00 15,297.66
2018-03-31 18,382.90 0.00 10,654.84
2017-12-31 16,315.38 0.00 10,375.04
2016-12-31 5,098.38 0.00 2,813.38
2015-12-31 8,263.69 10,615.24 7,307.41
2015-09-30 8,090.97 10,393.37 7,154.68
2015-06-30 7,577.79 10,137.82 7,934.96
2015-03-31 7,966.95 10,136.18 10,095.23
2014-12-31 7,084.35 10,140.27 10,568.02
2014-09-30 6,356.64 10,048.75 10,470.97
2014-06-30 5,986.91 3,759.17 4,997.74
2014-03-31 5,055.40 3,783.36 5,609.70
2013-12-31 4,565.19 3,640.40 6,140.05
2013-09-30 3,963.46 3,672.78 6,148.07
2013-06-30 3,474.07 0.00 2,326.06
2013-03-31 3,102.73 0.00 1,871.72
  • 360 Security Technology has no debt.
  • 360 Security Technology has no debt compared to 5 years ago when it was 157.9%.
  • 360 Security Technology has no debt, it does not need to be covered by operating cash flow.
  • 360 Security Technology has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess 360 Security Technology'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. 360 Security Technology has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

601360 Dividends

 What is 360 Security Technology'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
0.22%
Current annual income from 360 Security Technology dividends. Estimated to be 0.59% next year.
If you bought CN¥2,000 of 360 Security Technology shares you are expected to receive CN¥4 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?
  • 360 Security Technology's pays a lower dividend yield than the bottom 25% of dividend payers in China (0.45%).
  • 360 Security Technology's dividend is below the markets top 25% of dividend payers in China (1.87%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SHSE:601360 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 3 Analyst Estimates (S&P Global) See Below
China Software Industry Average Dividend Yield Market Cap Weighted Average of 65 Stocks 0.4%
China Market Average Dividend Yield Market Cap Weighted Average of 2579 Stocks 1.8%
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 1.9%

Industry and Market average data is calculated daily.

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

SHSE:601360 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.15 3.00
2020-12-31 0.14 3.00
2020-01-28
2019-12-31 0.18 3.00
SHSE:601360 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-07-11 0.053 0.242
2018-04-03 0.003 0.011

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

  • 360 Security Technology is not paying a notable dividend for China, therefore no need to check if the payments are stable.
  • 360 Security Technology is not paying a notable dividend for China, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of 360 Security Technology's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of 360 Security Technology's dividends as it is not paying a notable one for China.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.8x coverage).
X
Income/ dividend checks
We assess 360 Security Technology'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 360 Security Technology afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. 360 Security Technology has a total score of 1/6, see the detailed checks below.


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

601360 Management

 What is the CEO of 360 Security Technology'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
Hongyi Zhou
AGE 48
TENURE AS CEO 13.4 years
CEO Bio

Mr. Hongyi Zhou is the Co-founder and Chief Executive Officer of Qihoo 360 Technology Co. Ltd. Mr. Zhou serves as an Advisor at Eleven Two Capital. Prior to Qihoo 360, Mr. Zhou was a Partner at IDG Ventures Capital since September 2005, where he assisted small- to medium-sized software companies in sourcing funding to support their growth. He served as the Chief Executive Officer of Yahoo! China from January 2004 to August 2005. In 1998, Mr. Zhou founded www.3721.com and served as its Chairman and Chief Executive Officer until January 2004. He has been Chairman of 360 Finance, Inc. since September 2018 and also has been its Director since July 25, 2016. He has been Chairman of Qihoo 360 Technology Co. Ltd. since August 2006. Mr. Zhou has been Non-Executive Director of Colour Life Services Group Co., Limited since May 15, 2015. He has been Director and Chairman of Qihoo 360 Technology Co. Ltd since 2006 and Director of AutoNavi Holdings Limited since June 2011. He serves as a Director at Opera Limited. Mr. Zhou also serves as a Director of a number of privately owned companies. He received a Bachelor's degree in Computer Software in 1992 and a Master's degree in System Engineering in 1995 from Xi'an Jiaotong University, China.

CEO Compensation
  • Insufficient data for Hongyi to compare compensation growth.
  • Insufficient data for Hongyi to establish whether their remuneration is reasonable compared to companies of similar size in China.
Management Team Tenure

Average tenure and age of the 360 Security Technology management team in years:

4.3
Average Tenure
46
Average Age
  • The tenure for the 360 Security Technology management team is about average.
Management Team

Hongyi Zhou

TITLE
Co-Founder
AGE
48
TENURE
13.4 yrs

Alex Xu

TITLE
Co-Chief Financial Officer
AGE
50
TENURE
8.9 yrs

Jue Yao

TITLE
Chief Financial Officer and Vice President of Finance
AGE
46
TENURE
7.7 yrs

Jie Chen

TITLE
Chief Operating Officer
AGE
42
TENURE
4.1 yrs

Shu Cao

TITLE
Chief Engineer and Director
AGE
43
TENURE
14.3 yrs

Chao Yang

TITLE
Chief Business Officer
AGE
54
TENURE
4.3 yrs

Catherine Liu

TITLE
Chief Strategy Officer
AGE
42
TENURE
4.3 yrs

Yunduan Zheng

TITLE
Senior Vice President
AGE
45
TENURE
4.2 yrs

Alex Xu

TITLE
President of Games
AGE
46
TENURE
4.2 yrs
Board of Directors Tenure

Average tenure and age of the 360 Security Technology board of directors in years:

8.8
Average Tenure
52
Average Age
  • The tenure for the 360 Security Technology board of directors is about average.
Board of Directors

Hongyi Zhou

TITLE
Co-Founder
AGE
48
TENURE
13.4 yrs

Shu Cao

TITLE
Chief Engineer and Director
AGE
43
TENURE
14 yrs

Neil Shen

TITLE
Independent Director
AGE
52
TENURE
14 yrs

Ming Huang

TITLE
Independent Director
AGE
55
TENURE
8.8 yrs

William Evans

TITLE
Independent Director
AGE
62
TENURE
8.8 yrs

Jianwen Liao

TITLE
Independent Director
AGE
52
TENURE
5.1 yrs

Eric Chen

TITLE
Independent Director
AGE
49
TENURE
6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CN¥) Value (CN¥)
X
Management checks
We assess 360 Security Technology'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. 360 Security Technology 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.

601360 News

Simply Wall St News

601360 Company Info

Description

360 Security Technology Inc., an Internet security company, provides Internet and mobile security products in China. The company offers computer software and mobile application products, including computer and mobile security, online safety, system first aid, system tool, life and leisure, and performance optimization products. It also provides Video-Live products, such as quick editing, Beijing time, 360 film and television, 360 entertainment, and information products; financial technology products; personal service products, including Internet and life travel products, as well as maintenance services; and corporate services. In addition, the company provides smart wear, intelligent security and network, and other products; and auto accessories. 360 Security Technology Inc. was founded in 2005 and is based in Beijing, China.

Details
Name: 360 Security Technology Inc.
601360
Exchange: SHSE
Founded: 2005
CN¥166,192,835,453
6,764,055,167
Website: http://www.360totalsecurity.com
Address: 360 Security Technology Inc.
Building No. 2,
6 Haoyuan, Jiuxianqiao Road,
Beijing,
100015,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SHSE 601360 Domestic Shares Shanghai Stock Exchange CN CNY 28. Feb 2018
XSSC 601360 Domestic Shares Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect CN CNY 28. Feb 2018
Number of employees
Current staff
Staff numbers
5,419
360 Security Technology employees.
Industry
Systems Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/01/28 16:44
End of day share price update: 2020/01/23 00:00
Last estimates confirmation: 2020/01/17
Last earnings filing: 2019/10/30
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


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

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