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China Kepei Education Group

DB:9CK
Snowflake Description

Excellent balance sheet and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
9CK
DB
HK$8B
Market Cap
  1. Home
  2. DE
  3. Consumer Services
Company description

China Kepei Education Group Limited, an investment holding company, provides private higher education services focusing on profession-oriented education. The last earnings update was 12 days ago. More info.


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9CK Share Price and Events
7 Day Returns
2.2%
DB:9CK
2.6%
Europe Consumer Services
4.3%
DE Market
1 Year Returns
-
DB:9CK
2.7%
Europe Consumer Services
-14.2%
DE Market
9CK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
China Kepei Education Group (9CK) 2.2% 0.9% 5.5% - - -
Europe Consumer Services 2.6% -4.1% -5.1% 2.7% -14.2% -55.7%
DE Market 4.3% -9% -21.6% -14.2% -19.6% -25.6%
1 Year Return vs Industry and Market
  • No trading data on 9CK.
  • No trading data on 9CK.
Price Volatility
Industry
5yr Volatility vs Market

Value

 Is China Kepei Education 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 China Kepei Education 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 China Kepei Education Group.

DB:9CK Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 4.7%
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:9CK
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.3%
Consumer Services Unlevered Beta Simply Wall St/ S&P Global 0.64
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.644 (1 + (1- 25%) (1.47%))
0.766
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 * 6.33%)
4.67%

Discounted Cash Flow Calculation for DB:9CK using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for China Kepei Education 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:9CK DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 4.67%)
2020 366.00 Analyst x1 349.66
2021 504.00 Analyst x1 459.99
2022 592.17 Est @ 17.49% 516.33
2023 663.99 Est @ 12.13% 553.10
2024 719.58 Est @ 8.37% 572.64
2025 760.91 Est @ 5.74% 578.50
2026 790.62 Est @ 3.9% 574.24
2027 811.30 Est @ 2.62% 562.95
2028 825.20 Est @ 1.71% 547.03
2029 834.14 Est @ 1.08% 528.26
Present value of next 10 years cash flows CN¥5,242.00
DB:9CK DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥834.14 × (1 + -0.39%) ÷ (4.67% – -0.39%)
CN¥16,407.67
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥16,407.67 ÷ (1 + 4.67%)10
CN¥10,391.03
DB:9CK Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥5,242.00 + CN¥10,391.03
CN¥15,633.03
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥15,633.03 / 2,000.80
CN¥7.81
DB:9CK Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:1890)
1.1
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥7.81 x 1.1
HK$8.6
Non-primary Listing Adjustment Factor 1 share in DB:9CK represents 0.11208x of SEHK:1890
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.11208x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 8.60 x 0.11208
€0.96
Value per share (EUR) From above. €0.96
Current discount Discount to share price of €0.46
= -1 x (€0.46 - €0.96) / €0.96
51.8%

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

Current Discount
Amount off the current price China Kepei Education Group is available for.
Intrinsic value
>50%
Share price is €0.464 vs Future cash flow value of €0.96358
Current Discount Checks
For China Kepei Education Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • China Kepei Education Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • China Kepei Education 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 China Kepei Education Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are China Kepei Education Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:9CK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CNY CN¥0.23
SEHK:1890 Share Price ** SEHK (2020-04-07) in HKD HK$4.14
SEHK:1890 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.909 CN¥3.76
Europe Consumer Services Industry PE Ratio Median Figure of 12 Publicly-Listed Consumer Services Companies 15.7x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 17.07x

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

** Primary Listing of China Kepei Education Group.

DB:9CK PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1890 Share Price ÷ EPS (both in CNY)

= 3.76 ÷ 0.23

16.23x

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

  • China Kepei Education Group is overvalued based on earnings compared to the Europe Consumer Services industry average.
  • China Kepei Education Group is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does China Kepei Education Group's expected growth come at a high price?
Raw Data
DB:9CK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.23x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
18%per year
Europe Consumer Services Industry PEG Ratio Median Figure of 5 Publicly-Listed Consumer Services Companies 0.34x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.24x

*Line of best fit is calculated by linear regression .

DB:9CK PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 16.23x ÷ 18%

0.9x

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

  • China Kepei Education Group is good value based on expected growth next year.
Price based on value of assets
What value do investors place on China Kepei Education Group's assets?
Raw Data
DB:9CK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CNY CN¥1.39
SEHK:1890 Share Price * SEHK (2020-04-07) in HKD HK$4.14
SEHK:1890 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.909 CN¥3.76
Europe Consumer Services Industry PB Ratio Median Figure of 22 Publicly-Listed Consumer Services Companies 2.22x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.47x
DB:9CK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1890 Share Price ÷ Book Value per Share (both in CNY)

= 3.76 ÷ 1.39

2.7x

* Primary Listing of China Kepei Education Group.

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

  • China Kepei Education Group is overvalued based on assets compared to the Europe Consumer Services industry average.
X
Value checks
We assess China Kepei Education 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 Consumer 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 Consumer Services industry average (and greater than 0)? (1 check)
  5. China Kepei Education Group 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.

Future Performance

 How is China Kepei Education Group expected to perform in the next 1 to 3 years based on estimates from 2 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
18%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is China Kepei Education Group expected to grow at an attractive rate?
  • China Kepei Education Group's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • China Kepei Education Group's earnings growth is expected to exceed the Germany market average.
  • China Kepei Education Group's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:9CK Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:9CK Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 18%
DB:9CK Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 14.4%
Europe Consumer Services Industry Earnings Growth Rate Market Cap Weighted Average 17.4%
Europe Consumer Services Industry Revenue Growth Rate Market Cap Weighted Average 7.2%
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:9CK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:9CK Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 1,112 937 814 1
2021-12-31 982 813 646 2
2020-12-31 868 738 544 1
2020-04-08
DB:9CK Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-12-31 714 456
2019-06-30 651 428 408
2019-03-31 613 456 375
2018-12-31 575 484 342
2017-12-31 455 398 231

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • China Kepei Education Group's earnings are expected to grow by 18% yearly, however this is not considered high growth (20% yearly).
  • China Kepei Education Group's revenue is expected to grow by 14.4% 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:9CK 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 2 Analyst Estimates (S&P Global) See Below

All data from China Kepei Education Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:9CK Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 0.44 0.44 0.44 1.00
2021-12-31 0.35 0.39 0.31 2.00
2020-12-31 0.33 0.33 0.33 1.00
2020-04-08
DB:9CK Past Financials Data
Date (Data in CNY Millions) EPS *
2019-12-31 0.23
2019-06-30 0.24
2019-03-31 0.23
2018-12-31 0.23
2017-12-31 3.08

*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.
  • China Kepei Education Group is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess China Kepei Education 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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
China Kepei Education Group has a total score of 4/6, 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.

Past Performance

  How has China Kepei Education 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 China Kepei Education Group's growth in the last year to its industry (Consumer 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.
  • China Kepei Education Group has delivered over 20% year on year earnings growth in the past 5 years.
  • China Kepei Education Group's 1-year earnings growth exceeds its 5-year average (33.4% vs 28.4%)
  • China Kepei Education Group's earnings growth has not exceeded the Europe Consumer Services industry average in the past year (33.4% vs 42.5%).
Earnings and Revenue History
China Kepei Education 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 China Kepei Education Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:9CK Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 714.22 456.27 101.64
2019-06-30 650.61 408.38 106.06
2019-03-31 613.03 375.17 99.03
2018-12-31 575.45 341.96 92.00
2017-12-31 455.38 230.88 66.65
2016-12-31 349.89 179.27 45.82
2015-12-31 256.10 119.50 36.36

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

Health

 How is China Kepei Education 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 China Kepei Education Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • China Kepei Education Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • China Kepei Education Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of China Kepei Education 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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 14.4x 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 China Kepei Education Group Company Filings, last reported 3 months ago.

DB:9CK Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 2,789.91 100.00 1,383.72
2019-06-30 2,554.56 100.00 1,185.28
2019-03-31 2,554.56 100.00 1,185.28
2018-12-31 1,432.57 442.70 682.03
2017-12-31 1,168.61 355.00 371.03
2016-12-31 997.60 282.30 117.75
2015-12-31 818.33 170.00 83.17
  • China Kepei Education Group's level of debt (3.6%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if China Kepei Education Group's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (428.5%, greater than 20% of total debt).
  • China Kepei Education Group earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess China Kepei Education 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. China Kepei Education Group has a total score of 5/6, 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.

Dividends

 What is China Kepei Education 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
2.42%
Current annual income from China Kepei Education Group dividends. Estimated to be 3.89% next year.
If you bought €2,000 of China Kepei Education Group shares you are expected to receive €48 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?
  • China Kepei Education Group's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.63%).
  • China Kepei Education Group's dividend is below the markets top 25% of dividend payers in Germany (4.61%).
Upcoming dividend payment

Purchase China Kepei Education Group before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:9CK 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 2 Analyst Estimates (S&P Global) See Below
Europe Consumer Services Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 2.6%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.6%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4.6%

Industry and Market average data is calculated daily.

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

DB:9CK Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.17 1.00
2021-12-31 0.15 2.00
2020-12-31 0.12 1.00
2020-04-08
DB:9CK Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2020-03-27 0.091 2.491
2019-06-03 0.088 2.591

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

  • It is too early to tell whether China Kepei Education Group has stable dividend payments.
  • China Kepei Education Group only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of China Kepei Education Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.5x coverage).
X
Income/ dividend checks
We assess China Kepei Education Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 China Kepei Education Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. China Kepei Education Group has a total score of 3/6, see the detailed checks below.


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

Management

 What is the CEO of China Kepei Education 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
Nianqiao Ye
COMPENSATION CN¥1,303,000
AGE 55
TENURE AS CEO 2.4 years
CEO Bio

Mr. Nianqiao Ye serves as an Executive Director, the Chairman of the Board and the General Manager of China Kepei Education Group Limited August 2017, and as its Chief Executive Officer since November 26, 2017. Mr. Ye has over 34 years of experience in the education industry. From September 1984 to July 1992, he served as a teacher at No. 2 Middle School of Jiujiang County, Jiangxi Province. From June 1992 to July 1995, he served as a teacher at Zhaoqing Gaoyao Normal School of Guangdong Province. From July 1995 to May 2000, Mr. Ye served as the chairman of the board of Zhaoqing Technology Training School. Mr. Ye founded Zhaoqing School and served as the chairman of its board from May 2000 to July 2010. Mr. Ye founded Guangdong Polytechnic College and has been serving as the chairman of its board since May 2004. Since September 2016, he has also been the chairman of the board of Zhaoqing Kepei. Mr. Ye obtained his bachelor’s degree in Mathematics from Jiangxi Normal University in March 1987. He graduated with a master’s degree in Business Management from Sun Yat-Sen University in December 2008. Mr. Ye is a member of the Standing Committee of Guangdong Province of the China Democratic League. He was also a committee member of the 11th Chinese People’s Political Consultative Conference of Zhaoqing City.

CEO Compensation
  • Nianqiao's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.
  • Nianqiao's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the China Kepei Education Group management team in years:

2.4
Average Tenure
47.5
Average Age
  • The tenure for the China Kepei Education Group management team is about average.
Management Team

Nianqiao Ye

TITLE
Chairman of the Board
COMPENSATION
CN¥1M
AGE
55
TENURE
2.4 yrs

Yan Li

TITLE
Executive Director
COMPENSATION
CN¥386K
AGE
38
TENURE
2.4 yrs

Xiangwei Zhang

TITLE
Executive Director & COO
COMPENSATION
CN¥1M
AGE
68
TENURE
2.4 yrs

Xun Ye

TITLE
Deputy GM & Executive Director
COMPENSATION
CN¥228K
AGE
29
TENURE
2.7 yrs

Donghui Zha

TITLE
Deputy GM & Executive Director
COMPENSATION
CN¥394K
AGE
50
TENURE
2.7 yrs

Nianjiu Ye

TITLE
Executive Director
COMPENSATION
CN¥254K
AGE
45

Suet Wing Leung

TITLE
Joint Company Secretary
TENURE
2 yrs
Board of Directors Tenure

Average tenure and age of the China Kepei Education Group board of directors in years:

2.7
Average Tenure
55
Average Age
  • The average tenure for the China Kepei Education Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Nianqiao Ye

TITLE
Chairman of the Board
COMPENSATION
CN¥1M
AGE
55
TENURE
2.7 yrs

Yan Li

TITLE
Executive Director
COMPENSATION
CN¥386K
AGE
38
TENURE
2.7 yrs

Xiangwei Zhang

TITLE
Executive Director & COO
COMPENSATION
CN¥1M
AGE
68
TENURE
2.4 yrs

Xun Ye

TITLE
Deputy GM & Executive Director
COMPENSATION
CN¥228K
AGE
29
TENURE
2.7 yrs

Donghui Zha

TITLE
Deputy GM & Executive Director
COMPENSATION
CN¥394K
AGE
50
TENURE
2.7 yrs

Feiqi Deng

TITLE
Independent Non-Executive Director
AGE
57
TENURE
2.4 yrs

Ming Xu

TITLE
Independent Non-Executive Director
AGE
47
TENURE
2.4 yrs

Xiaolu Li

TITLE
Independent Non-Executive Director
AGE
66
TENURE
2.4 yrs

Chuanwu Wang

TITLE
Non-Executive Director
COMPENSATION
CN¥368K
AGE
72
TENURE
2.7 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 (€)
X
Management checks
We assess China Kepei Education 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. China Kepei Education 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.

News

Simply Wall St News

Company Info

Description

China Kepei Education Group Limited, an investment holding company, provides private higher education services focusing on profession-oriented education. It operates Guangdong Polytechnic College, a degree-granting undergraduate-level education institution that offers 41 majors, including 22 undergraduate majors and 19 junior college majors in a range of subject areas. The company also operates Zhaoqing Science and Technology Secondary Vocational School, a secondary vocational school, which provides secondary vocational education in 11 majors comprising automobile servicing, electronic commerce, and electromechanical technology application. As of September 30, 2018, it had an aggregate of 45,118 students enrolled at its schools located in Guangdong Province, the People’s Republic of China. The company was founded in 2000 and is headquartered in Zhaoqing, the People’s Republic of China.

Details
Name: China Kepei Education Group Limited
9CK
Exchange: DB
Founded: 2000
HK$981,140,440
2,000,798,667
Website: http://www.chinakepeiedu.com
Address: China Kepei Education Group Limited
Qifu Road,
Gaoyao District,
Zhaoqing,
Guangdong Province, China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1890 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 25. Jan 2019
DB 9CK Ordinary Shares Deutsche Boerse AG DE EUR 25. Jan 2019
SZSC 1890 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 25. Jan 2019
Number of employees
Current staff
Staff numbers
2,289
China Kepei Education Group employees.
Industry
Education Services
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 07:13
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/03/30
Last earnings filing: 2020/03/27
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.