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Haier Smart Home

DB:690D
Snowflake Description

Solid track record, good value and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
690D
DB
CN¥117B
Market Cap
  1. Home
  2. DE
  3. Consumer Durables
Company description

Haier Smart Home Co., Ltd. manufactures and distributes home appliances in China and internationally. The last earnings update was 20 days ago. More info.


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690D Share Price and Events
7 Day Returns
-0.5%
DB:690D
0.5%
DE Consumer Durables
-0.3%
DE Market
1 Year Returns
-1.4%
DB:690D
4%
DE Consumer Durables
10.4%
DE Market
690D Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Haier Smart Home (690D) -0.5% 6.1% 4.8% -1.4% - -
DE Consumer Durables 0.5% 5.1% 4.1% 4% -3% 13.6%
DE Market -0.3% 4.2% 12.4% 10.4% 13.9% 17.1%
1 Year Return vs Industry and Market
  • 690D underperformed the Consumer Durables industry which returned 4% over the past year.
  • 690D underperformed the Market in Germany which returned 10.4% over the past year.
Price Volatility
690D
Industry
5yr Volatility vs Market

690D Value

 Is Haier Smart Home 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 Haier Smart Home 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 Haier Smart Home.

DB:690D Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 26 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.3%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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 DB:690D
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Consumer Durables Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.812 (1 + (1- 25%) (36.59%))
1.023
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.02
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.023 * 5.96%)
6.33%

Discounted Cash Flow Calculation for DB:690D using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Haier Smart Home 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:690D DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 6.33%)
2020 10,965.45 Analyst x7 10,313.07
2021 12,178.20 Analyst x7 10,772.24
2022 14,546.15 Analyst x2 12,101.31
2023 18,010.00 Analyst x1 14,091.58
2024 20,151.46 Est @ 11.89% 14,829.06
2025 21,842.50 Est @ 8.39% 15,117.19
2026 23,140.50 Est @ 5.94% 15,062.71
2027 24,118.93 Est @ 4.23% 14,765.55
2028 24,849.28 Est @ 3.03% 14,307.61
2029 25,393.01 Est @ 2.19% 13,750.83
Present value of next 10 years cash flows CN¥135,111.00
DB:690D DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥25,393.01 × (1 + 0.23%) ÷ (6.33% – 0.23%)
CN¥417,380.46
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥417,380.46 ÷ (1 + 6.33%)10
CN¥226,019.91
DB:690D Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥135,111.00 + CN¥226,019.91
CN¥361,130.91
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥361,130.91 / 6,368.48
CN¥56.71
DB:690D Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:690D represents 0.05592x of SHSE:600690
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.05592x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CNY) x Listing Adjustment Factor
= CN¥ 56.71 x 0.05592
€3.17
Value per share (EUR) From above. €3.17
Current discount Discount to share price of €1.03
= -1 x (€1.03 - €3.17) / €3.17
67.7%

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

Current Discount
Amount off the current price Haier Smart Home is available for.
Intrinsic value
>50%
Share price is €1.03 vs Future cash flow value of €3.17
Current Discount Checks
For Haier Smart Home to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Haier Smart Home's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Haier Smart Home'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 Haier Smart Home's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Haier Smart Home's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:690D PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in CNY CN¥1.43
SHSE:600690 Share Price ** SHSE (2019-11-19) in CNY CN¥18.33
Germany Consumer Durables Industry PE Ratio Median Figure of 8 Publicly-Listed Consumer Durables Companies 16.53x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 19.74x

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

** Primary Listing of Haier Smart Home.

DB:690D PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SHSE:600690 Share Price ÷ EPS (both in CNY)

= 18.33 ÷ 1.43

12.86x

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

  • Haier Smart Home is good value based on earnings compared to the DE Consumer Durables industry average.
  • Haier Smart Home is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Haier Smart Home's expected growth come at a high price?
Raw Data
DB:690D PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.86x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 26 Analysts
7.7%per year
Germany Consumer Durables Industry PEG Ratio Median Figure of 5 Publicly-Listed Consumer Durables Companies 1x
Germany Market PEG Ratio Median Figure of 258 Publicly-Listed Companies 1.36x

*Line of best fit is calculated by linear regression .

DB:690D PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 12.86x ÷ 7.7%

1.67x

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

  • Haier Smart Home is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Haier Smart Home's assets?
Raw Data
DB:690D PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in CNY CN¥7.05
SHSE:600690 Share Price * SHSE (2019-11-19) in CNY CN¥18.33
Germany Consumer Durables Industry PB Ratio Median Figure of 12 Publicly-Listed Consumer Durables Companies 1.69x
Germany Market PB Ratio Median Figure of 578 Publicly-Listed Companies 1.88x
DB:690D PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SHSE:600690 Share Price ÷ Book Value per Share (both in CNY)

= 18.33 ÷ 7.05

2.6x

* Primary Listing of Haier Smart Home.

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

  • Haier Smart Home is overvalued based on assets compared to the DE Consumer Durables industry average.
X
Value checks
We assess Haier Smart Home'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 Consumer Durables 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 Consumer Durables industry average (and greater than 0)? (1 check)
  5. Haier Smart Home 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.

690D Future Performance

 How is Haier Smart Home expected to perform in the next 1 to 3 years based on estimates from 26 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
7.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Haier Smart Home expected to grow at an attractive rate?
  • Haier Smart Home's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Haier Smart Home's earnings growth is positive but not above the Germany market average.
  • Haier Smart Home's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:690D Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:690D Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 26 Analysts 7.7%
DB:690D Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 26 Analysts 8.6%
Germany Consumer Durables Industry Earnings Growth Rate Market Cap Weighted Average 14%
Germany Consumer Durables Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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
DB:690D Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 26 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:690D Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 292,581 27,070 11,398 1
2022-12-31 252,873 24,799 10,517 3
2021-12-31 238,942 18,281 10,436 23
2020-12-31 218,755 16,058 9,301 26
2019-12-31 199,087 12,643 8,697 23
2019-11-19
DB:690D Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-09-30 193,985 17,039 9,052
2019-06-30 191,808 16,970 7,803
2019-03-31 187,750 18,088 7,624
2018-12-31 183,317 18,934 7,440
2018-09-30 179,162 13,068 7,466
2018-06-30 174,099 13,868 7,311
2018-03-31 169,293 13,064 7,124
2017-12-31 163,429 16,704 6,908
2017-09-30 157,259 17,728 6,818
2017-06-30 150,163 11,816 6,111
2017-03-31 134,641 12,899 5,182
2016-12-31 119,132 8,136 5,042

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Haier Smart Home's earnings are expected to grow by 7.7% yearly, however this is not considered high growth (20% yearly).
  • Haier Smart Home's revenue is expected to grow by 8.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:690D Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 26 Analyst Estimates (S&P Global) See Below

All data from Haier Smart Home Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:690D Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 1.85 1.85 1.85 1.00
2022-12-31 1.64 1.73 1.51 3.00
2021-12-31 1.65 1.88 1.46 21.00
2020-12-31 1.46 1.61 1.34 24.00
2019-12-31 1.36 1.69 1.22 24.00
2019-11-19
DB:690D Past Financials Data
Date (Data in CNY Millions) EPS *
2019-09-30 1.43
2019-06-30 1.24
2019-03-31 1.23
2018-12-31 1.21
2018-09-30 1.22
2018-06-30 1.31
2018-03-31 1.17
2017-12-31 1.13
2017-09-30 1.12
2017-06-30 0.93
2017-03-31 0.85
2016-12-31 0.83

*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.
  • Haier Smart Home is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Haier Smart Home'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.
Haier Smart Home has a total score of 2/6, 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.

690D Past Performance

  How has Haier Smart Home 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 Haier Smart Home's growth in the last year to its industry (Consumer Durables).
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.
  • Haier Smart Home's year on year earnings growth rate has been positive over the past 5 years.
  • Haier Smart Home's 1-year earnings growth exceeds its 5-year average (21.2% vs 12.4%)
  • Haier Smart Home's earnings growth has exceeded the DE Consumer Durables industry average in the past year (21.2% vs -18.6%).
Earnings and Revenue History
Haier Smart Home'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 Haier Smart Home Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:690D Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 193,985.36 9,052.09 39,015.88 5,731.00
2019-06-30 191,808.23 7,803.15 38,643.35 5,569.54
2019-03-31 187,750.22 7,623.89 38,060.40 5,308.11
2018-12-31 183,316.56 7,440.23 37,075.06 5,080.60
2018-09-30 179,161.99 7,465.83 38,312.26 4,802.59
2018-06-30 174,099.24 7,310.75 37,577.26 4,570.35
2018-03-31 169,292.60 7,123.69 35,545.72 5,817.04
2017-12-31 163,428.83 6,907.63 36,221.43 4,509.85
2017-09-30 157,259.06 6,817.60 35,799.45 3,517.07
2017-06-30 150,163.36 6,111.43 35,546.18 2,192.13
2017-03-31 134,641.48 5,181.51 33,615.22
2016-12-31 119,132.26 5,041.78 29,680.07
2016-09-30 103,215.26 4,540.69 24,723.91
2016-06-30 91,270.48 4,883.95 20,584.11
2016-03-31 87,772.14 4,822.52 19,458.46
2015-12-31 89,797.17 4,303.75 19,713.17
2015-09-30 97,391.52 4,711.38 21,450.46
2015-06-30 97,242.34 5,495.28 20,728.30
2015-03-31 98,760.40 5,549.80 20,268.54
2014-12-31 96,929.76 5,337.54 19,438.23
2014-09-30 90,440.54 4,929.39 16,526.92
2014-06-30 90,550.12 4,618.40 16,379.79
2014-03-31 88,488.15 4,318.59 16,222.15
2013-12-31 86,605.65 4,174.02 15,797.20
2013-09-30 85,882.01 3,968.72 15,264.71
2013-06-30 82,443.15 3,550.03 15,074.70
2013-03-31 81,716.51 3,369.87 15,148.63
2012-12-31 79,856.60 3,269.46 14,817.79

*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.
  • Haier Smart Home has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Haier Smart Home used its assets less efficiently than the DE Consumer Durables industry average last year based on Return on Assets.
  • Haier Smart Home has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Haier Smart Home'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 Consumer Durables 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.
Haier Smart Home has a total score of 5/6, see the detailed checks below.

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

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

690D Health

 How is Haier Smart Home'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 Haier Smart Home's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Haier Smart Home is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Haier Smart Home's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Haier Smart Home'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 2.5x 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 Haier Smart Home Company Filings, last reported 1 month ago.

DB:690D Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 60,933.48 40,623.00 36,673.63
2019-06-30 58,063.02 38,632.40 39,685.93
2019-03-31 57,160.47 30,544.88 37,909.87
2018-12-31 55,130.28 31,031.87 42,127.46
2018-09-30 51,464.80 39,362.32 35,027.15
2018-06-30 50,607.17 34,219.32 35,699.79
2018-03-31 48,853.24 33,054.01 34,106.62
2017-12-31 47,849.20 33,126.16 37,832.49
2017-09-30 44,003.33 33,378.59 32,184.50
2017-06-30 42,536.30 33,369.53 30,149.64
2017-03-31 40,949.95 32,749.66 27,231.98
2016-12-31 37,680.54 36,653.80 24,073.05
2016-09-30 35,710.43 31,392.96 19,867.22
2016-06-30 35,727.14 33,669.38 22,428.08
2016-03-31 33,891.56 3,536.97 25,498.74
2015-12-31 32,441.62 3,278.08 25,006.57
2015-09-30 33,575.57 2,188.57 24,257.05
2015-06-30 33,709.01 2,198.68 26,898.94
2015-03-31 30,775.83 3,657.92 28,941.47
2014-12-31 31,923.00 4,092.64 31,467.82
2014-09-30 29,364.21 2,752.82 28,843.33
2014-06-30 23,684.40 2,875.30 24,569.99
2014-03-31 22,862.32 2,588.27 24,055.42
2013-12-31 20,030.86 1,915.01 20,641.43
2013-09-30 18,668.32 1,854.32 19,592.79
2013-06-30 16,898.39 1,833.78 18,180.16
2013-03-31 16,496.32 1,861.82 17,858.91
2012-12-31 15,426.14 1,857.14 16,283.77
  • Haier Smart Home's level of debt (65.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (9.4% vs 65.1% today).
  • Debt is well covered by operating cash flow (43%, greater than 20% of total debt).
  • Haier Smart Home earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Haier Smart Home'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. Haier Smart Home has a total score of 4/6, 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.

690D Dividends

 What is Haier Smart Home'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
1.91%
Current annual income from Haier Smart Home dividends. Estimated to be 2.57% next year.
If you bought €2,000 of Haier Smart Home shares you are expected to receive €38 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?
  • Haier Smart Home's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.35%).
  • Haier Smart Home's dividend is below the markets top 25% of dividend payers in Germany (3.72%).
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:690D 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 26 Analyst Estimates (S&P Global) See Below
Germany Consumer Durables Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 3.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 335 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.3%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

DB:690D Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31 0.51 2.00
2021-12-31 0.54 14.00
2020-12-31 0.46 16.00
2019-12-31 0.41 12.00
2019-11-19
DB:690D Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-08-01 0.351 2.202
2018-05-31 0.342 2.143
2017-07-25 0.248 1.442
2016-06-01 0.212 1.943
2015-06-11 0.246 2.517
2014-04-28 0.230 2.524
2013-04-19 0.185 2.515
2013-03-21 0.185 2.850
2012-04-26 0.085 1.450
2011-07-11 0.025 0.491
2010-06-28 0.075 1.178
2009-04-29 0.038 0.872

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 Haier Smart Home's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.8x coverage).
X
Income/ dividend checks
We assess Haier Smart Home's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - 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 Haier Smart Home afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Haier Smart Home has a total score of 4/6, see the detailed checks below.


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

690D Management

 What is the CEO of Haier Smart Home'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
Hai Shan Liang
COMPENSATION CN¥0
AGE 53
TENURE AS CEO 6.6 years
CEO Bio

Mr. Liang Hai Shan serves as Executive President and the Deputy Chairman of the board of Haier Group. Mr. Liang serves as the Chairman of the Board of Directors and Chief Executive Officer at Haier Smart Home Co., Ltd. Mr. Liang is responsible for identifying market opportunities and white goods business strategies formulation of Haier Electronics Group. Mr. Liang serves as a Senior Vice President of Haier Corp. at Haier Electronics Group Co., Ltd. He was mainly responsible for strategic procurement and overall quality control of products of the Group. He served as Managing Director of Haier Refrigeration Division at Haier Group since 2005 and served as its Managing Director of Haier Home Integration Product Division since 2002. He served as the Acting Vice President of Haier Group and Managing Director of Haier Logistics Division since 1999. He served as Vice President of Haier-CCT Holdings Ltd. He served as Vice President of Haier Corp. He served as a Vice President of Haier Group Company. He has extensive experience in raw materials procurement. Mr. Liang served as the General Manager of Qingdao Haier Airconditioner Co., Ltd and the Head of Certification Centre of Haier Group. He has over 20 years of experience in the manufacture of household electrical appliances, particularly in raw material procurement function and white goods business. He served as the President of Qingdao Haier Co., Ltd. since April 19, 2013. He served as Vice Chairman of Qingdao Haier Co., Ltd. from June 2010 to April 2013 and serves as its Director. He has been a Director of Fisher & Paykel Appliances Holdings Ltd. since April 14, 2011. He has been a Director of Haier Group Company since December 2001. He has been a Non-Executive Director of Haier Group Company. He serves as Chairman of Haier US Appliance Solutions, Inc. He has been a Non-Executive Director of Haier Electronics Group Co., Ltd. since December 17, 2001. He was rewarded National May 1st Labor Medal, Outstanding Leadership Award of the National Light Industry Enterprise Information, Top 10 Leaders in China Strategic Emerging Industries in recent year,Prize of Technology Advancement for China Household Appliances and First Prize Award of Science and Technology Progress of China National Light Industry Council. Mr. Liang served as a Director of Chongqing Haier Drum Washing Machine Co., Ltd., Foshan Haier Drum Washing Machine Co., Ltd., Qingdao Jiaonan Washing Machine Co., Ltd., Hefei Haier Washing Machine Co., Ltd., Foshan Shunde Haier Intelligent Electronics Co., Ltd., and Tianjin Haier Washing Machine Co., Ltd. Mr. Liang served as an Executive Director of Haier-CCT Holdings Ltd. since December 2001. Mr. Liang joined Haier in 1988 and holds a Bachelor Degree of Management Science & Engineering from the Xi'an Jiaotong University and a PhD in Business Administration.

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

Average tenure and age of the Haier Smart Home management team in years:

7.1
Average Tenure
49.5
Average Age
  • The average tenure for the Haier Smart Home management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Hai Shan Liang

TITLE
Chairman & CEO
AGE
53
TENURE
6.6 yrs

Wei Gong

TITLE
CFO & VP
AGE
46
TENURE
6.6 yrs

Guozhen Ming

TITLE
VP & Secretary to the Board
AGE
55
TENURE
9.4 yrs

Anita Sun

TITLE
Senior IR Manager

Miao Yu

TITLE
Legal Manager & Employee Member of the Supervisory Board
AGE
37
TENURE
7.6 yrs

Huagang Li

TITLE
GM & Director
Board of Directors Tenure

Average tenure and age of the Haier Smart Home board of directors in years:

6
Average Tenure
57
Average Age
  • The tenure for the Haier Smart Home board of directors is about average.
Board of Directors

Hai Shan Liang

TITLE
Chairman & CEO
AGE
53
TENURE
6.6 yrs

Li Xia Tan

TITLE
Vice President
AGE
49

Miao Yu

TITLE
Legal Manager & Employee Member of the Supervisory Board
AGE
37
TENURE
0.8 yrs

Huagang Li

TITLE
GM & Director

Pei Hua Wang

TITLE
Chairman of the Supervisory Board
AGE
62
TENURE
6.6 yrs

Changqi Wu

TITLE
Director
AGE
64
TENURE
6.6 yrs

Deming Dai

TITLE
Independent Director
AGE
57
TENURE
4.4 yrs

Tian Tao Shi

TITLE
Independent Director
AGE
57
TENURE
5.5 yrs

Martin Lin

TITLE
Director

Andrew Yan

TITLE
Director
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 (€)
X
Management checks
We assess Haier Smart Home'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. Haier Smart Home 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.

690D News

Simply Wall St News

690D Company Info

Description

Haier Smart Home Co., Ltd. manufactures and distributes home appliances in China and internationally. It provides refrigerators, freezers, ice bar wine coolers, washing machines, air conditioners, water heaters, and televisions; grease pumps, gas stoves, electric ovens, dishwashers, disinfection cabinets, air fryers, steamers, and integrated stoves; and laptops, desktop computers, tablet PCs, computer network equipment and peripherals. The company also offers mixers, rice cookers, pressure cookers, microwaves, induction cookers, coffee machines, and water dispensers; vacuum cleaners, water purifiers, and filters; and smart home appliances. The company was formerly known as Qingdao Haier Co., Ltd. and changed its name to Haier Smart Home Co., Ltd. in June 2019. The company was founded in 1984 and is based in Qingdao, China.

Details
Name: Haier Smart Home Co., Ltd.
690D
Exchange: DB
Founded: 1984
CN¥14,993,197,107
6,368,482,899
Website: http://www.haier.net
Address: Haier Smart Home Co., Ltd.
Haier Industrial Park Road,
Laoshan District,
Qingdao,
Shandong Province, 266101,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SHSE 600690 Domestic Shares Shanghai Stock Exchange CN CNY 06. Dec 1995
XSSC 600690 Domestic Shares Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect CN CNY 06. Dec 1995
DB 690D CNY1 Deutsche Boerse AG DE EUR 24. Oct 2018
Number of employees
Current staff
Staff numbers
87,447
Haier Smart Home employees.
Industry
Household Appliances
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/19 22:23
End of day share price update: 2019/11/19 00:00
Last estimates confirmation: 2019/11/19
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.