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SCUD Group

DB:SC9
Snowflake Description

Undervalued with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SC9
DB
HK$278M
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

SCUD Group Limited, an investment holding company, engages in the research, development, manufacture, and sale of lithium-ion battery modules and related accessories for mobile phones and digital electronic appliances in the People's Republic of China. The last earnings update was 7 days ago. More info.


Add to Portfolio Compare Print
  • SCUD Group has significant price volatility in the past 3 months.
SC9 Share Price and Events
7 Day Returns
0%
DB:SC9
-1%
DE Electrical
-0.6%
DE Market
1 Year Returns
-36.5%
DB:SC9
-12.1%
DE Electrical
-20.9%
DE Market
SC9 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
SCUD Group (SC9) 0% -7.8% -16.1% -36.5% - -79.6%
DE Electrical -1% -23.3% -36.8% -12.1% -40.7% -42.5%
DE Market -0.6% -16.6% -26% -20.9% -25.8% -31.8%
1 Year Return vs Industry and Market
  • SC9 underperformed the Electrical industry which returned -12.1% over the past year.
  • SC9 underperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
SC9
Industry
5yr Volatility vs Market

SC9 Value

 Is SCUD 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 SCUD 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 SCUD Group.

DB:SC9 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 11.8%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

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 DB:SC9
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.1%
Electrical Unlevered Beta Simply Wall St/ S&P Global 1.11
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.11 (1 + (1- 25%) (241.55%))
2.422
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (2 * 6.07%)
11.75%

Discounted Cash Flow Calculation for DB:SC9 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for SCUD 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.

DB:SC9 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 11.75%)
2020 132.36 Est @ -25.99% 118.44
2021 108.12 Est @ -18.31% 86.58
2022 94.14 Est @ -12.93% 67.46
2023 85.51 Est @ -9.17% 54.83
2024 79.92 Est @ -6.54% 45.86
2025 76.17 Est @ -4.69% 39.11
2026 73.58 Est @ -3.4% 33.81
2027 71.74 Est @ -2.5% 29.50
2028 70.40 Est @ -1.87% 25.90
2029 69.40 Est @ -1.42% 22.85
Present value of next 10 years cash flows CN¥524.00
DB:SC9 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥69.40 × (1 + -0.39%) ÷ (11.75% – -0.39%)
CN¥569.43
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥569.43 ÷ (1 + 11.75%)10
CN¥187.48
DB:SC9 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥524.00 + CN¥187.48
CN¥711.48
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥711.48 / 1,090.00
CN¥0.65
DB:SC9 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:1399)
1.093
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥0.65 x 1.093
HK$0.71
Non-primary Listing Adjustment Factor 1 share in DB:SC9 represents 0.09216x of SEHK:1399
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.09216x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 0.71 x 0.09216
€0.07
Value per share (EUR) From above. €0.07
Current discount Discount to share price of €0.02
= -1 x (€0.02 - €0.07) / €0.07
64.3%

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

Current Discount
Amount off the current price SCUD Group is available for.
Intrinsic value
>50%
Share price is €0.0235 vs Future cash flow value of €0.06577
Current Discount Checks
For SCUD Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • SCUD Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • SCUD 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 SCUD Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are SCUD Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:SC9 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CNY CN¥0.05
SEHK:1399 Share Price ** SEHK (2020-04-06) in HKD HK$0.26
SEHK:1399 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.915 CN¥0.23
Germany Electrical Industry PE Ratio Median Figure of 7 Publicly-Listed Electrical Companies 20.5x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.45x

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

** Primary Listing of SCUD Group.

DB:SC9 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1399 Share Price ÷ EPS (both in CNY)

= 0.23 ÷ 0.05

4.84x

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

  • SCUD Group is good value based on earnings compared to the DE Electrical industry average.
  • SCUD Group is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does SCUD Group's expected growth come at a high price?
Raw Data
DB:SC9 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.84x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Germany Electrical Industry PEG Ratio Median Figure of 6 Publicly-Listed Electrical Companies 0.95x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.16x

*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 SCUD Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on SCUD Group's assets?
Raw Data
DB:SC9 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CNY CN¥0.97
SEHK:1399 Share Price * SEHK (2020-04-06) in HKD HK$0.26
SEHK:1399 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.915 CN¥0.23
Germany Electrical Industry PB Ratio Median Figure of 14 Publicly-Listed Electrical Companies 1.86x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:SC9 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1399 Share Price ÷ Book Value per Share (both in CNY)

= 0.23 ÷ 0.97

0.24x

* Primary Listing of SCUD Group.

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

  • SCUD Group is good value based on assets compared to the DE Electrical industry average.
X
Value checks
We assess SCUD 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 Electrical 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 Electrical industry average (and greater than 0)? (1 check)
  5. SCUD Group has a total score of 5/6, 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.

SC9 Future Performance

 How is SCUD 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 SCUD 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
71.1%
Expected Electrical industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is SCUD Group expected to grow at an attractive rate?
  • Unable to compare SCUD Group's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare SCUD Group's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare SCUD Group's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:SC9 Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Electrical Industry Earnings Growth Rate Market Cap Weighted Average 71.1%
Germany Electrical Industry Revenue Growth Rate Market Cap Weighted Average 12.2%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4%

*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
DB:SC9 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.
DB:SC9 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-12-31 7,395 311 53
2019-09-30 7,359 336 68
2019-06-30 7,324 361 84
2019-03-31 7,143 377 88
2018-12-31 6,962 393 93
2018-09-30 6,639 374 40
2018-06-30 6,316 356 -12
2018-03-31 6,059 244 4
2017-12-31 5,802 132 21
2017-09-30 5,931 -13 15
2017-06-30 6,060 -159 9
2017-03-31 6,061 -136 -55

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if SCUD Group is high growth as no earnings estimate data is available.
  • Unable to determine if SCUD 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
DB:SC9 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 SCUD Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:SC9 Past Financials Data
Date (Data in CNY Millions) EPS *
2019-12-31 0.05
2019-09-30 0.06
2019-06-30 0.08
2019-03-31 0.08
2018-12-31 0.09
2018-09-30 0.04
2018-06-30 -0.01
2018-03-31 0.00
2017-12-31 0.02
2017-09-30 0.01
2017-06-30 0.01
2017-03-31 -0.05

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

Next steps:

  1. Examine whether SCUD Group is trading at SCUD Group'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. SCUD 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 Capital Goods companies here
  3. SCUD Group's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess SCUD 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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany 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.
SCUD 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.

SC9 Past Performance

  How has SCUD 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 SCUD Group's growth in the last year to its industry (Electrical).
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.
  • SCUD Group has delivered over 20% year on year earnings growth in the past 5 years.
  • SCUD Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • SCUD Group's 1-year earnings growth is negative, it can't be compared to the DE Electrical industry average.
Earnings and Revenue History
SCUD 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 SCUD Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:SC9 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 7,395.20 52.54 417.96
2019-09-30 7,359.50 68.03 412.29
2019-06-30 7,323.80 83.51 406.62
2019-03-31 7,142.94 88.39 396.81
2018-12-31 6,962.08 93.27 387.00
2018-09-30 6,639.28 40.40 386.53
2018-06-30 6,316.48 -12.48 386.05
2018-03-31 6,059.02 4.32 380.73
2017-12-31 5,801.57 21.13 375.42
2017-09-30 5,930.59 14.86 388.80
2017-06-30 6,059.61 8.59 402.17
2017-03-31 6,060.54 -55.18 421.14
2016-12-31 6,061.48 -118.95 440.10
2016-09-30 5,685.62 -68.39 428.37
2016-06-30 5,309.76 -17.84 416.64
2016-03-31 4,909.60 10.17 384.14
2015-12-31 4,509.44 38.17 351.64
2015-09-30 4,206.52 -4.57 340.39
2015-06-30 3,903.60 -47.32 329.14
2015-03-31 3,816.21 -24.51 326.52
2014-12-31 3,728.81 -1.70 323.91
2014-09-30 3,332.22 -165.00 335.38
2014-06-30 2,849.33 -134.44 333.01
2014-03-31 2,622.57 -139.69 319.45
2013-12-31 2,395.82 -144.94 305.89
2013-09-30 2,141.50 -51.87 290.40
2013-06-30 1,973.48 -152.66 288.77

*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.
  • SCUD Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • SCUD Group used its assets less efficiently than the DE Electrical industry average last year based on Return on Assets.
  • SCUD Group has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess SCUD 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 Electrical 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.
SCUD Group has a total score of 2/6, 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.

SC9 Health

 How is SCUD 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 SCUD Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • SCUD Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • SCUD Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of SCUD 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 7.5x 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 SCUD Group Company Filings, last reported 3 months ago.

DB:SC9 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,074.53 604.14 406.20
2019-09-30 1,074.53 604.14 406.20
2019-06-30 1,035.73 360.87 153.83
2019-03-31 1,035.73 360.87 153.83
2018-12-31 1,025.44 450.59 182.53
2018-09-30 1,025.44 450.59 182.53
2018-06-30 960.01 390.57 62.27
2018-03-31 960.01 390.57 62.27
2017-12-31 937.43 430.15 146.30
2017-09-30 937.43 430.15 146.30
2017-06-30 973.90 409.20 76.18
2017-03-31 973.90 409.20 76.18
2016-12-31 910.59 438.05 170.31
2016-09-30 910.59 438.05 170.31
2016-06-30 1,006.30 412.26 212.84
2016-03-31 1,006.30 412.26 212.84
2015-12-31 1,054.61 538.16 449.43
2015-09-30 1,054.61 538.16 449.43
2015-06-30 1,019.63 539.90 343.67
2015-03-31 1,019.63 539.90 343.67
2014-12-31 1,036.01 452.73 182.23
2014-09-30 1,036.01 452.73 182.23
2014-06-30 1,209.47 238.73 381.26
2014-03-31 1,209.47 238.73 381.26
2013-12-31 987.84 321.80 195.36
2013-09-30 1,171.07 320.80 353.82
2013-06-30 1,167.43 298.93 230.29
  • SCUD Group's level of debt (56.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (43.8% vs 56.2% today).
  • Debt is well covered by operating cash flow (51.4%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.5x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess SCUD 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. SCUD Group 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.

SC9 Dividends

 What is SCUD 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 SCUD Group dividends.
If you bought €2,000 of SCUD Group shares you are expected to receive €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 SCUD Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate SCUD 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
DB:SC9 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
Germany Electrical Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 1.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 315 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

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

DB:SC9 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2018-09-28 0.000 0.000
2014-03-27 0.008 0.993
2014-01-15 0.008 1.737
2013-08-29 0.000 0.000
2013-03-01 0.000 0.000
2012-03-26 0.016 4.703
2011-08-26 0.000 0.000
2011-03-24 0.000 0.000
2010-03-24 0.017 2.410

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

  • Unable to perform a dividend volatility check as SCUD Group has not reported any payouts.
  • Unable to verify if SCUD Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of SCUD Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as SCUD Group has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess SCUD Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 SCUD Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. SCUD 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.

SC9 Management

 What is the CEO of SCUD 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
Xiu Qin Lian
COMPENSATION CN¥1,327,560
AGE 47
CEO Bio

Ms. Xiu Qin Lian is an Executive Director and the Chief Executive Officer of SCUD Group Limited (Group) since September 27, 2018. She is primarily responsible for the management of the Group’s daily operations. She joined the Group in March 1998 and she has been the Deputy General Manager and the Division Head of the first business division of Scud (Fujian) Electronics Company Limited (“Scud Electronics”) since January 2016 and July 2016 respectively, responsible for managing the Group’s business with its major customers, such as Huawei, Xiaomi, Lenovo, etc. Previously, she held other key positions such as the Production Head and Engineering Manager of Scud Electronics. Ms. Lian has over 20 years’ experience in engineering and manufacturing technologies. She was awarded the honorary title “Second-term Outstanding Highly Skilled Talent of Fuzhou” by the Human Resources and Social Security Bureau of Fuzhou in May 2013. The polymer battery metal shell structure registered by the State Intellectual Property Office of the PRC as a patent in the name of Scud Electronics was invented by Ms. Lian and two other staff of the Group. Publications by Ms. Lian on “Lithium Battery Production Technologies” and “Electronic Products Assembly Process” are used as teaching materials at the Fujian Scud Senior Technician Training School. Ms. Lian is a qualified senior technician specialising in the production of battery cells. She graduated from the Shenyang University of Technology in July 1995 specialising in Applied Electronics Technology and an undergraduate qualification in Business English at the Fujian Normal University in June 2009. Ms. Lian has completed professional training on “Quantitative Methods in Process Improvement” (ISO 13053-1&2:2011) published by the International Organisation for Standardisation and on cost control management. Ms. Lian is currently studying a part-time Master’s degree in Business Administration at the Seton Hall University of the United States of America in the PRC

CEO Compensation
  • Insufficient data for Xiu Qin to compare compensation growth.
  • Xiu Qin's remuneration is lower than average for companies of similar size in Germany.
Management Team

Xiu Qin Lian

TITLE
CEO & Executive Director
COMPENSATION
CN¥1M
AGE
47

Ming Zhu Feng

TITLE
VP & Executive Director
COMPENSATION
CN¥816K
AGE
55

Mun Tai Yeung

TITLE
CFO & Company Secretary
AGE
42

Yao Shu Chen

TITLE
Information Management Director
AGE
40
TENURE
12.3 yrs
Board of Directors Tenure

Average tenure and age of the SCUD Group board of directors in years:

1.6
Average Tenure
55
Average Age
  • The average tenure for the SCUD Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Raymond Ho

TITLE
Chairman
COMPENSATION
CN¥212K
AGE
80
TENURE
1.6 yrs

Xiu Qin Lian

TITLE
CEO & Executive Director
COMPENSATION
CN¥1M
AGE
47
TENURE
1.6 yrs

Ming Zhu Feng

TITLE
VP & Executive Director
COMPENSATION
CN¥816K
AGE
55
TENURE
3.7 yrs

Victor Heng

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥226K
AGE
42
TENURE
3.6 yrs

Laurence Lam

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥80K
AGE
55
TENURE
1.6 yrs

Lawrence Wong

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥80K
AGE
55
TENURE
1.6 yrs

Li Hou

TITLE
Non-Executive Director
COMPENSATION
CN¥160K
AGE
60
TENURE
3.7 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by SCUD Group individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
14. Jan 20 Buy Jin Fang Individual 09. Jan 20 09. Jan 20 20,000,000 €0.03 €696,136
X
Management checks
We assess SCUD 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. SCUD 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.

SC9 News

Simply Wall St News

SC9 Company Info

Description

SCUD Group Limited, an investment holding company, engages in the research, development, manufacture, and sale of lithium-ion battery modules and related accessories for mobile phones and digital electronic appliances in the People's Republic of China. It operates through Original Design Manufacturing Business, Own-Brand Business, Bare Battery Cell Business, and Others segments. The company offers power banks, motive batteries and related accessories, power management modules, smart wearable device batteries and related accessories, and lithium-ion bare battery cells, as well as chargers and network terminal products. It also provides corporate management services. The company was founded in 1997 and is headquartered in Causeway Bay, Hong Kong.

Details
Name: SCUD Group Limited
SC9
Exchange: DB
Founded: 1997
HK$33,230,509
1,090,001,246
Website: http://www.scudgroup.com
Address: SCUD Group Limited
Leighton Centre,
10th Floor,
Causeway Bay,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1399 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 21. Dec 2006
DB SC9 Ordinary Shares Deutsche Boerse AG DE EUR 21. Dec 2006
Number of employees
Current staff
Staff numbers
4,129
SCUD Group employees.
Industry
Electrical Components and Equipment
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 00:27
End of day share price update: 2020/04/06 00:00
Last earnings filing: 2020/03/31
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.