Loading...

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

Chongqing GangjiuLtd

SHSE:600279
Snowflake Description

Good value with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
600279
SHSE
CN¥4B
Market Cap
  1. Home
  2. CN
  3. Transportation
Company description

Chongqing Gangjiu Co.,Ltd provides cargo handling services primarily in China. The last earnings update was 160 days ago. More info.


Add to Portfolio Compare Print
600279 Share Price and Events
7 Day Returns
0.3%
SHSE:600279
0.8%
CN Infrastructure
1.6%
CN Market
1 Year Returns
-45.3%
SHSE:600279
-27.6%
CN Infrastructure
-8.9%
CN Market
600279 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Chongqing GangjiuLtd (600279) 0.3% -8.3% -14.6% -45.3% -54.2% -67%
CN Infrastructure 0.8% -9.6% -18.6% -27.6% -27.7% -38.1%
CN Market 1.6% -10.6% -7.3% -8.9% -15.5% -28%
1 Year Return vs Industry and Market
  • 600279 underperformed the Infrastructure industry which returned -27.6% over the past year.
  • 600279 underperformed the Market in China which returned -8.9% over the past year.
Price Volatility
600279
Industry
5yr Volatility vs Market

600279 Value

 Is Chongqing GangjiuLtd 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 Chongqing GangjiuLtd 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 Chongqing GangjiuLtd.

SHSE:600279 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 9.7%
Perpetual Growth Rate 10-Year CN Government Bond Rate 3.2%

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

Calculation of Discount Rate/ Cost of Equity for SHSE:600279
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CN Govt Bond Rate 3.2%
Equity Risk Premium S&P Global 6.3%
Infrastructure Unlevered Beta Simply Wall St/ S&P Global 0.69
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.694 (1 + (1- 25%) (66.53%))
1.027
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.03
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.2% + (1.027 * 6.33%)
9.7%

Discounted Cash Flow Calculation for SHSE:600279 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Chongqing GangjiuLtd 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:600279 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 9.7%)
2020 630.89 Est @ 36.59% 575.09
2021 798.54 Est @ 26.57% 663.53
2022 954.74 Est @ 19.56% 723.15
2023 1,094.64 Est @ 14.65% 755.78
2024 1,217.42 Est @ 11.22% 766.20
2025 1,324.70 Est @ 8.81% 759.98
2026 1,419.13 Est @ 7.13% 742.14
2027 1,503.57 Est @ 5.95% 716.75
2028 1,580.62 Est @ 5.12% 686.84
2029 1,652.50 Est @ 4.55% 654.56
Present value of next 10 years cash flows CN¥7,044.00
SHSE:600279 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥1,652.50 × (1 + 3.2%) ÷ (9.7% – 3.2%)
CN¥26,223.53
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥26,223.53 ÷ (1 + 9.7%)10
CN¥10,387.15
SHSE:600279 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥7,044.00 + CN¥10,387.15
CN¥17,431.15
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥17,431.15 / 1,186.87
CN¥14.69
SHSE:600279 Discount to Share Price
Calculation Result
Value per share (CNY) From above. CN¥14.69
Current discount Discount to share price of CN¥3.74
= -1 x (CN¥3.74 - CN¥14.69) / CN¥14.69
74.5%

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

Current Discount
Amount off the current price Chongqing GangjiuLtd is available for.
Intrinsic value
>50%
Share price is CN¥3.74 vs Future cash flow value of CN¥14.69
Current Discount Checks
For Chongqing GangjiuLtd to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Chongqing GangjiuLtd's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Chongqing GangjiuLtd'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 Chongqing GangjiuLtd's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Chongqing GangjiuLtd's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SHSE:600279 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in CNY CN¥0.23
SHSE:600279 Share Price ** SHSE (2020-04-07) in CNY CN¥3.74
China Infrastructure Industry PE Ratio Median Figure of 39 Publicly-Listed Infrastructure Companies 13.76x
China Market PE Ratio Median Figure of 3,200 Publicly-Listed Companies 32.36x

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

** Primary Listing of Chongqing GangjiuLtd.

SHSE:600279 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SHSE:600279 Share Price ÷ EPS (both in CNY)

= 3.74 ÷ 0.23

16.47x

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

  • Chongqing GangjiuLtd is overvalued based on earnings compared to the CN Infrastructure industry average.
  • Chongqing GangjiuLtd is good value based on earnings compared to the China market.
Price based on expected Growth
Does Chongqing GangjiuLtd's expected growth come at a high price?
Raw Data
SHSE:600279 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.47x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
China Infrastructure Industry PEG Ratio Median Figure of 14 Publicly-Listed Infrastructure Companies 1.15x
China Market PEG Ratio Median Figure of 1,274 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 Chongqing GangjiuLtd, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Chongqing GangjiuLtd's assets?
Raw Data
SHSE:600279 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in CNY CN¥5.31
SHSE:600279 Share Price * SHSE (2020-04-07) in CNY CN¥3.74
China Infrastructure Industry PB Ratio Median Figure of 39 Publicly-Listed Infrastructure Companies 0.95x
China Market PB Ratio Median Figure of 3,691 Publicly-Listed Companies 2.26x
SHSE:600279 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SHSE:600279 Share Price ÷ Book Value per Share (both in CNY)

= 3.74 ÷ 5.31

0.7x

* Primary Listing of Chongqing GangjiuLtd.

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

  • Chongqing GangjiuLtd is good value based on assets compared to the CN Infrastructure industry average.
X
Value checks
We assess Chongqing GangjiuLtd'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 Infrastructure 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 Infrastructure industry average (and greater than 0)? (1 check)
  5. Chongqing GangjiuLtd has a total score of 4/6, 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.

600279 Future Performance

 How is Chongqing GangjiuLtd 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 Chongqing GangjiuLtd 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
11.5%
Expected Infrastructure industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Chongqing GangjiuLtd expected to grow at an attractive rate?
  • Unable to compare Chongqing GangjiuLtd's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Chongqing GangjiuLtd's earnings growth to the China market average as no estimate data is available.
  • Unable to compare Chongqing GangjiuLtd's revenue growth to the China market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SHSE:600279 Future Growth Rates Data Sources
Data Point Source Value (per year)
China Infrastructure Industry Earnings Growth Rate Market Cap Weighted Average 11.5%
China Infrastructure Industry Revenue Growth Rate Market Cap Weighted Average 9.4%
China Market Earnings Growth Rate Market Cap Weighted Average 20.8%
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
SHSE:600279 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.
SHSE:600279 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-09-30 4,572 580 154
2019-06-30 5,335 486 118
2019-03-31 6,252 661 132
2018-12-31 6,367 495 136
2018-09-30 6,657 434 467
2018-06-30 6,672 433 476
2018-03-31 6,531 202 479
2017-12-31 6,321 112 483
2017-09-30 6,215 -313 141
2017-06-30 4,753 -498 115
2017-03-31 3,236 -459 88
2016-12-31 2,215 -194 83

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Chongqing GangjiuLtd is high growth as no earnings estimate data is available.
  • Unable to determine if Chongqing GangjiuLtd 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
SHSE:600279 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 Chongqing GangjiuLtd Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SHSE:600279 Past Financials Data
Date (Data in CNY Millions) EPS *
2019-09-30 0.23
2019-06-30 0.17
2019-03-31 0.18
2018-12-31 0.20
2018-09-30 0.68
2018-06-30 0.69
2018-03-31 0.68
2017-12-31 0.70
2017-09-30 0.20
2017-06-30 0.17
2017-03-31 0.13
2016-12-31 0.12

*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 Chongqing GangjiuLtd will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Chongqing GangjiuLtd is trading at Chongqing GangjiuLtd'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Chongqing GangjiuLtd'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 Transportation 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 Chongqing GangjiuLtd'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.
Chongqing GangjiuLtd 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.

600279 Past Performance

  How has Chongqing GangjiuLtd 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 Chongqing GangjiuLtd's growth in the last year to its industry (Infrastructure).
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.
  • Chongqing GangjiuLtd has delivered over 20% year on year earnings growth in the past 5 years.
  • Chongqing GangjiuLtd's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Chongqing GangjiuLtd's 1-year earnings growth is negative, it can't be compared to the CN Infrastructure industry average.
Earnings and Revenue History
Chongqing GangjiuLtd'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 Chongqing GangjiuLtd Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SHSE:600279 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 4,571.68 154.32 196.77
2019-06-30 5,335.25 117.55 195.55
2019-03-31 6,252.42 131.90 197.46
2018-12-31 6,366.59 135.88 192.48
2018-09-30 6,657.32 466.54 190.42
2018-06-30 6,671.92 475.97 183.55
2018-03-31 6,531.35 478.58 187.38
2017-12-31 6,320.54 483.28 190.72
2017-09-30 6,214.71 140.71 176.96
2017-06-30 4,753.36 115.32 188.72
2017-03-31 3,236.44 88.31 185.48
2016-12-31 2,215.42 82.71 183.32
2016-09-30 1,729.51 81.14 173.46
2016-06-30 1,838.36 71.09 175.52
2016-03-31 1,889.46 73.61 168.53
2015-12-31 2,066.06 77.80 169.94
2015-09-30 1,934.51 84.29 162.61
2015-06-30 1,860.39 90.21 156.03
2015-03-31 2,008.97 96.26 152.27
2014-12-31 1,895.30 97.27 143.12
2014-09-30 1,759.61 82.15 143.17
2014-06-30 1,530.49 89.14 136.41
2014-03-31 1,260.09 79.80 140.01
2013-12-31 1,269.82 77.94 140.30
2013-09-30 1,434.32 88.30 131.17
2013-06-30 1,438.06 59.47 146.24

*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.
  • Chongqing GangjiuLtd has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Chongqing GangjiuLtd used its assets less efficiently than the CN Infrastructure industry average last year based on Return on Assets.
  • Chongqing GangjiuLtd's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Chongqing GangjiuLtd'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 Infrastructure 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.
Chongqing GangjiuLtd has a total score of 1/6, 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.

600279 Health

 How is Chongqing GangjiuLtd'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 Chongqing GangjiuLtd's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Chongqing GangjiuLtd is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Chongqing GangjiuLtd's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Chongqing GangjiuLtd'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 Chongqing GangjiuLtd Company Filings, last reported 6 months ago.

SHSE:600279 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 5,127.38 2,946.10 958.97
2019-06-30 5,042.70 3,002.50 955.00
2019-03-31 5,056.19 3,233.59 1,164.80
2018-12-31 4,729.44 2,234.50 924.92
2018-09-30 4,741.73 2,410.54 961.17
2018-06-30 4,695.69 2,319.54 807.00
2018-03-31 4,790.90 2,187.54 654.39
2017-12-31 4,759.47 2,696.27 1,304.97
2017-09-30 4,461.85 2,552.97 770.38
2017-06-30 4,346.17 2,443.97 711.93
2017-03-31 4,313.03 2,108.47 539.25
2016-12-31 4,287.59 1,967.18 591.42
2016-09-30 4,285.51 1,623.83 523.63
2016-06-30 4,244.41 1,586.55 629.78
2016-03-31 4,244.35 1,885.58 1,028.99
2015-12-31 4,211.96 1,863.07 952.23
2015-09-30 4,340.19 1,991.53 996.81
2015-06-30 4,311.35 2,019.02 836.49
2015-03-31 4,313.89 1,848.87 1,092.35
2014-12-31 4,157.36 1,592.21 859.59
2014-09-30 2,735.22 1,693.59 451.16
2014-06-30 2,695.13 1,823.55 392.15
2014-03-31 2,676.65 1,726.64 265.58
2013-12-31 3,890.30 1,681.42 421.86
2013-09-30 2,633.44 1,802.67 560.05
2013-06-30 2,588.34 1,835.58 314.83
  • Chongqing GangjiuLtd's level of debt (57.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (61.5% vs 57.2% today).
  • Debt is not well covered by operating cash flow (19.8%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.8x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Chongqing GangjiuLtd'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. Chongqing GangjiuLtd has a total score of 3/6, 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.

600279 Dividends

 What is Chongqing GangjiuLtd's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.6%
Current annual income from Chongqing GangjiuLtd dividends.
If you bought CN¥2,000 of Chongqing GangjiuLtd shares you are expected to receive CN¥32 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?
  • Chongqing GangjiuLtd's pays a higher dividend yield than the bottom 25% of dividend payers in China (0.46%).
  • Chongqing GangjiuLtd's dividend is below the markets top 25% of dividend payers in China (2.03%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SHSE:600279 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 Infrastructure Industry Average Dividend Yield Market Cap Weighted Average of 37 Stocks 2.5%
China Market Average Dividend Yield Market Cap Weighted Average of 2587 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.

SHSE:600279 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-06-10 0.060 1.430
2018-06-07 0.210 4.725
2017-05-25 0.040 0.637
2016-05-23 0.040 0.541
2015-05-18 0.047 0.562
2014-03-11 0.047 0.601
2013-05-02 0.040 0.862
2013-03-18 0.040 0.942
2013-01-15 0.040 0.907
2012-03-02 0.033 0.726
2011-05-16 0.027 0.451
2010-02-08 0.027 0.317

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Chongqing GangjiuLtd's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.8x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Chongqing GangjiuLtd'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 Chongqing GangjiuLtd afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Chongqing GangjiuLtd has a total score of 3/6, see the detailed checks below.


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

600279 Management

 What is the CEO of Chongqing GangjiuLtd'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 Ming Xiong
COMPENSATION CN¥608,200
CEO Bio

Mr. Wei Ming Xiong serves as General Manager and Director of Chongqing Gangjiu Co., Ltd.

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

Wei Ming Xiong

TITLE
General Manager and Director
COMPENSATION
CN¥608K

Lang Cao

TITLE
Chief Financial Officer
COMPENSATION
CN¥505K
TENURE
6.9 yrs

Zhang Qiang

TITLE
Secretary of the Board
COMPENSATION
CN¥531K
Board of Directors

Chang Yang

TITLE
Chairman

Wei Ming Xiong

TITLE
General Manager and Director
COMPENSATION
CN¥608K

Yujian Li

TITLE
Vice Chairman
AGE
71

Yi Jun Jiang

TITLE
Chairman of the Supervisory Board

Kejing Fan

TITLE
Director
AGE
73

Xingshu Chen

TITLE
Director
AGE
57

Weide Peng

TITLE
Director
AGE
67

Wenzhong Wang

TITLE
Director
AGE
69

Zizhong Yang

TITLE
Director
AGE
64

Zhuo Ling

TITLE
Director
AGE
64
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 Chongqing GangjiuLtd'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. Chongqing GangjiuLtd 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.

600279 News

Simply Wall St News

600279 Company Info

Description

Chongqing Gangjiu Co.,Ltd provides cargo handling services primarily in China. The company offers logistics consulting, logistics planning, ship generation, freight forwarding, port loading and unloading, land and water transfer, inland river passenger and cargo transportation, container transit transportation, warehousing, distribution and other integrated logistics, and shipment services. It also provides passenger and cargo transport, inland freight, goods handling, materials, goods storage, container, and other services. In addition, the company offers commodity storage, ship repair, and charge d'affaires transport and transit services, In addition, the company engages in the sales of automobiles, electrical machinery and equipment, chemical raw materials and products, building materials, rubber products, wood and products, and arts and crafts; operations of department stores; import and export of goods; and manufacture of general machinery and ship parts. Chongqing Gangjiu Co.,Ltd is based in Chongqing, China.

Details
Name: Chongqing Gangjiu Co.,Ltd
600279
Exchange: SHSE
Founded:
CN¥4,438,879,898
1,186,866,283
Website: http://www.cqgj.com.cn
Address: Chongqing Gangjiu Co.,Ltd
No. 298, Haier Road,
Jiangbei District,
Chongqing,
400023,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SHSE 600279 Domestic Shares Shanghai Stock Exchange CN CNY 31. Jul 2000
Number of employees
Current staff
Staff numbers
2,160
Chongqing GangjiuLtd employees.
Industry
Marine Ports and Services
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 15:42
End of day share price update: 2020/04/07 00:00
Last earnings filing: 2019/10/30
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


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

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