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Goldstream Investment

DB:3IE1
Snowflake Description

Mediocre balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
3IE1
DB
HK$1B
Market Cap
  1. Home
  2. DE
  3. Commercial Services
Company description

Goldstream Investment Limited, an investment holding company, provides customer relationship management (CRM) outsourcing services to companies in various service-oriented industries in the People’s Republic of China. The last earnings update was 193 days ago. More info.


Add to Portfolio Compare Print
  • Goldstream Investment has significant price volatility in the past 3 months.
3IE1 Share Price and Events
7 Day Returns
33.3%
DB:3IE1
-1.9%
DE Commercial Services
-0.6%
DE Market
1 Year Returns
-42.9%
DB:3IE1
-32.9%
DE Commercial Services
-20.9%
DE Market
3IE1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Goldstream Investment (3IE1) 33.3% 14.3% -20% -42.9% -71.4% -89.1%
DE Commercial Services -1.9% -23.9% -35.4% -32.9% -36.8% -47.7%
DE Market -0.6% -18.6% -26.2% -20.9% -25.8% -31.8%
1 Year Return vs Industry and Market
  • 3IE1 underperformed the Commercial Services industry which returned -32.9% over the past year.
  • 3IE1 underperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
3IE1
Industry
5yr Volatility vs Market

3IE1 Value

 Is Goldstream Investment 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 Goldstream Investment 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 Goldstream Investment.

DB:3IE1 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 4.5%
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:3IE1
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.1%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.588 (1 + (1- 25%) (9.81%))
0.753
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.8 * 6.07%)
4.47%

Discounted Cash Flow Calculation for DB:3IE1 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Goldstream Investment 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:3IE1 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 4.47%)
2020 10.00 Est @ 91.79% 9.57
2021 16.41 Est @ 64.13% 15.04
2022 23.76 Est @ 44.78% 20.84
2023 31.18 Est @ 31.23% 26.18
2024 37.96 Est @ 21.74% 30.51
2025 43.70 Est @ 15.1% 33.62
2026 48.26 Est @ 10.45% 35.55
2027 51.74 Est @ 7.2% 36.48
2028 54.29 Est @ 4.92% 36.64
2029 56.10 Est @ 3.33% 36.24
Present value of next 10 years cash flows HK$280.00
DB:3IE1 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= HK$56.10 × (1 + -0.39%) ÷ (4.47% – -0.39%)
HK$1,150.66
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$1,150.66 ÷ (1 + 4.47%)10
HK$743.36
DB:3IE1 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$280.00 + HK$743.36
HK$1,023.36
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$1,023.36 / 11,346.47
HK$0.09
DB:3IE1 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:3IE1 represents 0.04x of SEHK:1328
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.04x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 0.09 x 0.04
€0.00
Value per share (EUR) From above. €0.00
Current discount Discount to share price of €0.00
= -1 x (€0.00 - €0.00) / €0.00
-10.9%

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

  • The current share price of Goldstream Investment 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 Goldstream Investment's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Goldstream Investment's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:3IE1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in HKD HK$0.00
SEHK:1328 Share Price ** SEHK (2020-04-03) in HKD HK$0.1
Germany Commercial Services Industry PE Ratio Median Figure of 6 Publicly-Listed Commercial Services Companies 94.45x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.57x

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

** Primary Listing of Goldstream Investment.

DB:3IE1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1328 Share Price ÷ EPS (both in HKD)

= 0.1 ÷ 0.00

-28.78x

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

  • Goldstream Investment is loss making, we can't compare its value to the DE Commercial Services industry average.
  • Goldstream Investment is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Goldstream Investment's expected growth come at a high price?
Raw Data
DB:3IE1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -28.78x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Commercial Services Industry PEG Ratio Median Figure of 48 Publicly-Listed Commercial Services Companies 1.09x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.17x

*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 Goldstream Investment, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Goldstream Investment's assets?
Raw Data
DB:3IE1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in HKD HK$0.07
SEHK:1328 Share Price * SEHK (2020-04-03) in HKD HK$0.1
Germany Commercial Services Industry PB Ratio Median Figure of 9 Publicly-Listed Commercial Services Companies 2.23x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:3IE1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1328 Share Price ÷ Book Value per Share (both in HKD)

= 0.1 ÷ 0.07

1.39x

* Primary Listing of Goldstream Investment.

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

  • Goldstream Investment is good value based on assets compared to the DE Commercial Services industry average.
X
Value checks
We assess Goldstream Investment'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 Commercial Services 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 Commercial Services industry average (and greater than 0)? (1 check)
  5. Goldstream Investment has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

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

3IE1 Future Performance

 How is Goldstream Investment 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 Goldstream Investment 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
21%
Expected Commercial Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Goldstream Investment expected to grow at an attractive rate?
  • Unable to compare Goldstream Investment's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Goldstream Investment's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Goldstream Investment's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:3IE1 Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 21%
Germany Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 2.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*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:3IE1 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:3IE1 Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
DB:3IE1 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2019-06-30 278 7 -36
2019-03-31 274 5 -31
2018-12-31 271 3 -27
2018-06-30 260 -9 18
2018-03-31 259 -40 1
2017-12-31 258 -71 -17
2017-09-30 312 -68 -55
2017-06-30 296 -65 -60
2017-03-31 296 -33 -47
2016-12-31 295 -2 -33
2016-09-30 283 10 -10

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Goldstream Investment is high growth as no earnings estimate data is available.
  • Unable to determine if Goldstream Investment 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:3IE1 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Goldstream Investment Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:3IE1 Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
DB:3IE1 Past Financials Data
Date (Data in HKD Millions) EPS *
2019-06-30 0.00
2019-03-31 0.00
2018-12-31 0.00
2018-06-30 0.00
2018-03-31 0.00
2017-12-31 0.00
2017-09-30 -0.01
2017-06-30 -0.01
2017-03-31 -0.01
2016-12-31 0.00
2016-09-30 0.00

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

Next steps:

  1. Goldstream Investment'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 Commercial Services companies here
  2. Goldstream Investment's competitive advantages and company strategy can generally be found in its financial reports archived 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 Goldstream Investment'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.
Goldstream Investment 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.

3IE1 Past Performance

  How has Goldstream Investment performed over the past 5 years?

  • Goldstream Investment's last earnings update was 193 days ago.
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 Goldstream Investment's growth in the last year to its industry (Commercial Services).
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.
  • Goldstream Investment does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Goldstream Investment's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Goldstream Investment's 1-year growth to the Europe Commercial Services industry average as it is not currently profitable.
Earnings and Revenue History
Goldstream Investment'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 Goldstream Investment Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:3IE1 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 278.04 -36.19 54.04
2019-03-31 274.48 -31.36 54.61
2018-12-31 270.92 -26.52 55.18
2018-06-30 259.87 17.72 3.58 -3.39
2018-03-31 259.12 0.53 22.39 -1.70
2017-12-31 258.37 -16.65 41.19
2017-09-30 312.41 -54.54 84.50 11.71
2017-06-30 296.15 -59.89 83.24 11.28
2017-03-31 295.82 -46.53 76.41 11.65
2016-12-31 295.49 -33.17 69.58 12.02
2016-09-30 283.07 -10.38 63.24 10.53
2016-06-30 270.66 12.41 56.90 9.04
2016-03-31 271.49 20.35 52.42 9.39
2015-12-31 272.32 28.29 47.93 9.73
2015-09-30 291.41 36.05 46.44 11.73
2015-06-30 310.50 43.80 44.95 13.73
2015-03-31 305.69 44.16 43.64 16.08
2014-12-31 300.87 44.51 42.34 18.44
2014-09-30 304.06 33.87 45.57 18.84
2014-06-30 307.24 23.23 48.80 19.25
2014-03-31 325.18 30.77 50.99 19.13
2013-12-31 343.12 38.31 53.17 19.02
2013-09-30 353.06 31.95 49.37 20.55
2013-06-30 363.00 25.60 45.57 22.09

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Goldstream Investment has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Goldstream Investment has efficiently used its assets last year compared to the DE Commercial Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Goldstream Investment improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Goldstream Investment'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 Commercial Services 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.
Goldstream Investment has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

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

3IE1 Health

 How is Goldstream Investment'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 Goldstream Investment's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Goldstream Investment is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Goldstream Investment's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Goldstream Investment'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 6.4x 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 Goldstream Investment Company Filings, last reported 9 months ago.

DB:3IE1 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 819.01 100.98 548.94
2019-03-31 819.01 100.98 548.94
2018-12-31 835.33 47.45 501.96
2018-06-30 657.15 0.00 400.73
2018-03-31 657.15 0.00 400.73
2017-12-31 673.47 0.00 403.78
2017-09-30 673.47 0.00 403.78
2017-06-30 670.62 0.00 418.66
2017-03-31 670.62 0.00 418.66
2016-12-31 716.52 0.00 462.39
2016-09-30 716.52 0.00 462.39
2016-06-30 750.57 0.00 483.84
2016-03-31 750.57 0.00 483.84
2015-12-31 702.50 0.00 464.54
2015-09-30 702.50 0.00 464.54
2015-06-30 730.49 0.00 474.64
2015-03-31 730.49 0.00 474.64
2014-12-31 702.22 0.00 469.73
2014-09-30 702.22 0.00 469.73
2014-06-30 657.86 0.00 487.28
2014-03-31 657.86 0.00 487.28
2013-12-31 658.15 0.00 434.73
2013-09-30 658.15 0.00 434.73
2013-06-30 633.34 0.00 391.70
  • Goldstream Investment's level of debt (12.3%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Goldstream Investment's debt level has increased without past 5-year debt data.
  • Debt is not well covered by operating cash flow (6.7%, less than 20% of total debt).
  • Unable to confirm if the interest payments on Goldstream Investment's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Goldstream Investment'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. Goldstream Investment 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.

3IE1 Dividends

 What is Goldstream Investment'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 Goldstream Investment dividends.
If you bought €2,000 of Goldstream Investment 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 Goldstream Investment's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Goldstream Investment'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:3IE1 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 Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 5.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 316 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:3IE1 Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts
DB:3IE1 Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2011-09-09 0.000 0.000
2011-08-30 0.000 0.000
2011-03-28 0.000 0.000
2010-03-15 0.003 0.684

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

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

3IE1 Management

 What is the CEO of Goldstream Investment'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
Tun Lin
COMPENSATION HK$0
AGE 44
TENURE AS CEO 1.3 years
CEO Bio

Dr. Tun Lin has been Chief Executive officer since December 28, 2018 and also has been Executive Director since December 28, 2018 at International Elite Ltd. Dr. Lin, is the general manager of Goldstream Capital Management Limited, a subsidiary of the Company, and managing director of Hony Capital. He joined Hony Capital in 2013. Prior to that, Dr. Lin worked at China International Capital Corporation as an executive director. Dr. Lin had more than ten years’ experience in project investment, market analysis and policy research at different banks and educational institutes, including the Asia Development Bank, the World Bank and the University of Cambridge. He published extensively in areas of environmental economics and development economics. Dr. Lin obtained his doctoral degree in philosophy and master in philosophy in economics with finance degree from the University of Cambridge. He also received a master of science degree from the University of Vermont, and a bachelor degree in International Trade and Economics from Renmin University of China. Dr. Lin was a director of Hospital Corporation of China Limited from June 2015 to May 2017

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

Average tenure and age of the Goldstream Investment management team in years:

1.3
Average Tenure
50.5
Average Age
  • The average tenure for the Goldstream Investment management team is less than 2 years, this suggests a new team.
Management Team

John Huan Zhao

TITLE
Chairman of the Board
AGE
55

Tun Lin

TITLE
CEO & Executive Director
AGE
44
TENURE
1.3 yrs

Yin Li

TITLE
Executive Director
COMPENSATION
HK$2M
AGE
45

Bing Yuan

TITLE
Executive Director
AGE
51
TENURE
1.3 yrs

Lam Tsan

TITLE
CFO & COO
AGE
59
TENURE
1.3 yrs

Wai Ching Chan

TITLE
Company Secretary
AGE
57
TENURE
12.8 yrs

Yuanguang Ma

TITLE
Executive Director & CEO of Global Link Communications Holdings Limited
AGE
65

Jing Shan Xuan

TITLE
Finance Manager of China Elitez
AGE
50

Jian Tao Peng

TITLE
Manager of Mobile Relationship Management Centre of China Elite & Assistant GM
AGE
43

Yuan Yi Lin

TITLE
Manager of Customer Service Department of China Elite & Assistant GM
AGE
44
Board of Directors Tenure

Average tenure and age of the Goldstream Investment board of directors in years:

1.3
Average Tenure
50.5
Average Age
  • The average tenure for the Goldstream Investment board of directors is less than 3 years, this suggests a new board.
Board of Directors

John Huan Zhao

TITLE
Chairman of the Board
AGE
55
TENURE
1.3 yrs

Tun Lin

TITLE
CEO & Executive Director
AGE
44
TENURE
1.3 yrs

Yin Li

TITLE
Executive Director
COMPENSATION
HK$2M
AGE
45
TENURE
21.3 yrs

Bing Yuan

TITLE
Executive Director
AGE
51
TENURE
1.3 yrs

Yuanguang Ma

TITLE
Executive Director & CEO of Global Link Communications Holdings Limited
AGE
65

Laurence Shu

TITLE
Independent Non-Executive Director
AGE
46
TENURE
0.3 yrs

Qingjun Jin

TITLE
Independent Non-Executive Director
AGE
62
TENURE
0.3 yrs

Christophe Lee

TITLE
Independent Non-Executive Director
AGE
50
TENURE
0.3 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 (€) Value (€)
30. Sep 19 Sell Hony Capital (Beijing) Co., Ltd. Company 25. Sep 19 25. Sep 19 -900,000,000 €0.01 €-13,208,006
X
Management checks
We assess Goldstream Investment'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. Goldstream Investment 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.

3IE1 News

Simply Wall St News

3IE1 Company Info

Description

Goldstream Investment Limited, an investment holding company, provides customer relationship management (CRM) outsourcing services to companies in various service-oriented industries in the People’s Republic of China. The company operates through CRM Services Business and Investment Management Service (IMS) Business segments. The CRM Services Business segment provides inbound services, including a range of customer hotline services, such as general enquiry, technical support, broadband connection arrangement, service installation, account activation, subscriber details update, account enquiry, account termination, order placement, member registration, built-in secretary, and super secretarial services. This segment also offers outbound services comprising telesales and market research services. The IMS Business segment provides advisory services on securities and asset management; and securities trading services. The company also offers services relating to information and telecommunications system network technology; data communications technology services; and marketing and technical support services for telecommunications companies. It serves telecommunications service providers; and non-telecommunications industries, such as realty development, food and beverage, slimming and beauty shops, social welfare, education, information technology, and banking industries. The company was formerly known as International Elite Ltd. and changed its name to Goldstream Investment Limited in July 2019. Goldstream Investment Limited was founded in 2000 and is headquartered in Central, Hong Kong.

Details
Name: Goldstream Investment Limited
3IE1
Exchange: DB
Founded: 2000
HK$135,653,398
11,346,472,321
Website: http://www.goldstreaminvestment.com
Address: Goldstream Investment Limited
One Exchange Square,
Suite 2701,
Central,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1328 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 16. Oct 2007
DB 3IE1 Ordinary Shares Deutsche Boerse AG DE EUR 16. Oct 2007
Number of employees
Current staff
Staff numbers
2,645
Goldstream Investment employees.
Industry
Office Services and Supplies
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/05 22:21
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2019/03/27
Last earnings filing: 2019/09/25
Last earnings reported: 2019/06/30
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.