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BOCOM International Holdings

DB:597
Snowflake Description

Good value with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
597
DB
HK$3B
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

BOCOM International Holdings Company Limited, together with its subsidiaries, provides securities and related financial services in Hong Kong and Mainland China. The last earnings update was 7 days ago. More info.


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597 Share Price and Events
7 Day Returns
9.5%
DB:597
3%
DE Capital Markets
2.2%
DE Market
1 Year Returns
-30.7%
DB:597
-6.9%
DE Capital Markets
-17.2%
DE Market
597 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
BOCOM International Holdings (597) 9.5% -2.5% -5% -30.7% - -
DE Capital Markets 3% -17.7% -13.1% -6.9% -24.7% -54.9%
DE Market 2.2% -15.7% -24% -17.2% -23.3% -27.8%
1 Year Return vs Industry and Market
  • 597 underperformed the Capital Markets industry which returned -6.9% over the past year.
  • 597 underperformed the Market in Germany which returned -17.2% over the past year.
Price Volatility
597
Industry
5yr Volatility vs Market

597 Value

 Is BOCOM International Holdings 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 BOCOM International Holdings 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 BOCOM International Holdings.

DB:597 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= HK$2.29 * 6.7%
HK$0.15
Book Value of Equity per Share Median Book Value from the past 5 years. HK$2.29
Discount Rate (Cost of Equity) See below 11.8%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

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

Calculation of Discount Rate/ Cost of Equity for DB:597
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.1%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.75
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.753 (1 + (1- 25%) (366.81%))
2.222
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (2 * 6.07%)
11.75%

Discounted Cash Flow Calculation for DB:597 using Excess Returns Model Model

The calculations below outline how an intrinsic value for BOCOM International Holdings is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DB:597 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (6.7% – 11.75%) * HK$2.29)
HK$-0.12
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= HK$-0.12 / (11.75% - -0.39%)
HK$-0.95
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= HK$2.29 + HK$-0.95
HK$1.34
DB:597 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:597 represents 0.10748x of SEHK:3329
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.10748x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 1.34 x 0.10748
€0.14
Value per share (EUR) From above. €0.14
Current discount Discount to share price of €0.12
= -1 x (€0.12 - €0.14) / €0.14
20.2%

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

Current Discount
Amount off the current price BOCOM International Holdings is available for.
Intrinsic value
20%
Share price is €0.115 vs Future cash flow value of €0.14402
Current Discount Checks
For BOCOM International Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • BOCOM International Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • BOCOM International Holdings's share price is below the future cash flow value, but not 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 BOCOM International Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are BOCOM International Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:597 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in HKD HK$0.18
SEHK:3329 Share Price ** SEHK (2020-04-01) in HKD HK$1.07
Germany Capital Markets Industry PE Ratio Median Figure of 16 Publicly-Listed Capital Markets Companies 22.55x
Germany Market PE Ratio Median Figure of 398 Publicly-Listed Companies 16.76x

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

** Primary Listing of BOCOM International Holdings.

DB:597 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:3329 Share Price ÷ EPS (both in HKD)

= 1.07 ÷ 0.18

5.84x

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

  • BOCOM International Holdings is good value based on earnings compared to the DE Capital Markets industry average.
  • BOCOM International Holdings is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does BOCOM International Holdings's expected growth come at a high price?
Raw Data
DB:597 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.84x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Germany Capital Markets Industry PEG Ratio Median Figure of 6 Publicly-Listed Capital Markets Companies 1.59x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.18x

*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 BOCOM International Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on BOCOM International Holdings's assets?
Raw Data
DB:597 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in HKD HK$2.39
SEHK:3329 Share Price * SEHK (2020-04-01) in HKD HK$1.07
Germany Capital Markets Industry PB Ratio Median Figure of 31 Publicly-Listed Capital Markets Companies 1.5x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.44x
DB:597 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:3329 Share Price ÷ Book Value per Share (both in HKD)

= 1.07 ÷ 2.39

0.45x

* Primary Listing of BOCOM International Holdings.

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

  • BOCOM International Holdings is good value based on assets compared to the DE Capital Markets industry average.
X
Value checks
We assess BOCOM International Holdings'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 Capital Markets 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 Capital Markets industry average (and greater than 0)? (1 check)
  5. BOCOM International Holdings 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.

597 Future Performance

 How is BOCOM International Holdings 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 BOCOM International Holdings 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
39.4%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is BOCOM International Holdings expected to grow at an attractive rate?
  • Unable to compare BOCOM International Holdings's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare BOCOM International Holdings's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare BOCOM International Holdings's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:597 Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 39.4%
Germany Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 0.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*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:597 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:597 Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
DB:597 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2019-12-31 1,180 501
2019-09-30 1,184 465
2019-06-30 1,188 1,512 430
2019-03-31 1,168 1,511 419
2018-12-31 1,148 1,511 408
2018-09-30 1,193 -2,025 466
2018-06-30 1,237 -5,561 525
2018-03-31 1,154 -5,122 464
2017-12-31 1,071 -4,683 404
2017-09-30 1,069 -120 409
2017-06-30 955 71 322
2017-03-31 941 -439 336

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if BOCOM International Holdings is high growth as no earnings estimate data is available.
  • Unable to determine if BOCOM International Holdings 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:597 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from BOCOM International Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:597 Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
DB:597 Past Financials Data
Date (Data in HKD Millions) EPS *
2019-12-31 0.18
2019-09-30 0.17
2019-06-30 0.16
2019-03-31 0.15
2018-12-31 0.15
2018-09-30 0.17
2018-06-30 0.19
2018-03-31 0.18
2017-12-31 0.16
2017-09-30 0.18
2017-06-30 0.15
2017-03-31 0.16

*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 BOCOM International Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether BOCOM International Holdings is trading at BOCOM International Holdings'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. BOCOM International Holdings'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 Diversified Financials companies here
  3. BOCOM International Holdings's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess BOCOM International Holdings'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.
BOCOM International Holdings 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.

597 Past Performance

  How has BOCOM International Holdings 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 BOCOM International Holdings's growth in the last year to its industry (Capital Markets).
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.
  • BOCOM International Holdings's year on year earnings growth rate has been positive over the past 5 years.
  • BOCOM International Holdings's 1-year earnings growth exceeds its 5-year average (22.8% vs 18%)
  • BOCOM International Holdings's earnings growth has exceeded the DE Capital Markets industry average in the past year (22.8% vs 3.2%).
Earnings and Revenue History
BOCOM International Holdings'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 BOCOM International Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:597 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 1,179.57 500.57 374.73
2019-09-30 1,183.78 465.10 421.28
2019-06-30 1,187.99 429.63 467.84
2019-03-31 1,168.09 418.62 446.38
2018-12-31 1,148.18 407.61 424.92
2018-09-30 1,192.79 466.20 428.16
2018-06-30 1,237.39 524.79 431.41
2018-03-31 1,154.21 464.35 416.16
2017-12-31 1,071.02 403.91 400.90
2017-09-30 1,068.72 408.88 358.17
2017-06-30 954.67 322.07 340.93
2017-03-31 940.81 336.34 330.31
2016-12-31 926.96 350.61 319.69
2016-09-30 862.23 288.80 305.87
2015-12-31 1,068.28 350.24 356.80
2014-12-31 729.83 23.68 212.54

*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.
  • BOCOM International Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • BOCOM International Holdings used its assets more efficiently than the DE Capital Markets industry average last year based on Return on Assets.
  • Unable to establish if BOCOM International Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess BOCOM International Holdings'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 Capital Markets 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.
BOCOM International Holdings has a total score of 4/6, 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.

597 Health

 How is BOCOM International Holdings'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 BOCOM International Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • BOCOM International Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • BOCOM International Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of BOCOM International Holdings'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 1.3x 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 BOCOM International Holdings Company Filings, last reported 3 months ago.

DB:597 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 6,627.81 10,655.27 9,117.11
2019-09-30 6,627.81 10,655.27 9,117.11
2019-06-30 6,430.04 9,337.42 7,042.14
2019-03-31 6,430.04 9,337.42 7,042.14
2018-12-31 6,274.21 7,429.20 5,366.14
2018-09-30 6,274.21 7,429.20 5,366.14
2018-06-30 6,175.93 11,403.55 6,897.92
2018-03-31 6,175.93 11,403.55 6,897.92
2017-12-31 6,360.12 11,069.05 4,628.76
2017-09-30 6,360.12 11,069.05 4,628.76
2017-06-30 6,065.26 4,417.72 944.22
2017-03-31 6,065.26 4,417.72 944.22
2016-12-31 3,986.12 5,848.37 1,070.43
2016-09-30 3,901.80 7,258.98 2,469.50
2015-12-31 3,644.94 3,755.01 954.53
2014-12-31 3,302.16 2,336.70 565.13
  • BOCOM International Holdings's level of debt (160.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (70.9% vs 160.8% today).
  • Debt is not well covered by operating cash flow (14.2%, less than 20% of total debt).
  • Unable to confirm if the interest payments on BOCOM International Holdings's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess BOCOM International Holdings'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. BOCOM International Holdings has a total score of 2/6, 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.

597 Dividends

 What is BOCOM International Holdings'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
8.41%
Current annual income from BOCOM International Holdings dividends.
If you bought €2,000 of BOCOM International Holdings shares you are expected to receive €168 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?
  • BOCOM International Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.65%).
  • BOCOM International Holdings's dividend is above the markets top 25% of dividend payers in Germany (4.87%).
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:597 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 Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 3.2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 322 Stocks 3.8%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
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:597 Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts
DB:597 Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2020-03-25 0.090 8.575
2019-04-23 0.080 6.656
2019-03-26 0.080 5.081
2018-06-15 0.080 5.205

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

  • Whilst dividend payments have been stable, BOCOM International Holdings has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but BOCOM International Holdings only paid a dividend in the past 2 years.
Current Payout to shareholders
What portion of BOCOM International Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess BOCOM International Holdings'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 BOCOM International Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. BOCOM International Holdings 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.

597 Management

 What is the CEO of BOCOM International Holdings'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
Xuanhua Xi
COMPENSATION HK$5,859,000
AGE 46
TENURE AS CEO 5.1 years
CEO Bio

Ms. Xuanhua Xi has been Deputy Chief Executive Officer at BOCOM International Holdings Company Limited since July 2017 and served as Managing Director and General Manager of Bocom Internationalsecurities from March 2015 to July 2017. Ms. Xi joined BOCOM Group in August 2005 and had held various positions including Director and Head of China Sales Desk from 2005 to 2007, the Executive Director and Head of China Sales department from 2007 to 2009, the Managing Director and Head of Equity Sales department from 2009 to 2013 and the Managing Director and Head of Institution and Equity Business from 2013 to 2015. Immediately prior to joining BOCOM Group in August 2005, Ms. Xi served as an Associate Director of the China Sales of ICEA Securities Limited. Ms. Xi graduated from Fudan University in the PRC with a Bachelor degree in Economics in July 1995. She also obtained an EMBA from Shanghai Jiao Tong University in June 2012.

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

Average tenure and age of the BOCOM International Holdings management team in years:

4.8
Average Tenure
47
Average Age
  • The tenure for the BOCOM International Holdings management team is about average.
Management Team

Yueheng Tan

TITLE
Chairman
COMPENSATION
HK$5M
AGE
56

Chuange Cheng

TITLE
Deputy CEO & Executive Director
COMPENSATION
HK$5M
AGE
55
TENURE
10.1 yrs

Xuanhua Xi

TITLE
Deputy Chief Executive Officer
COMPENSATION
HK$6M
AGE
46
TENURE
5.1 yrs

Fen Su

TITLE
Deputy Chief Executive Officer
COMPENSATION
HK$2M
AGE
47
TENURE
1.8 yrs

Celia Choi

TITLE
Financial Controller
AGE
46

Wilfred Sum

TITLE
Head of Corporate Finance
AGE
54
TENURE
3.1 yrs

Joe Chan

TITLE
Head of Legal & Compliance Department
AGE
45
TENURE
4.8 yrs

Li Yi

TITLE
Head of Executive Office & Joint Company Secretary
AGE
40

Yvonne Kwong

TITLE
Joint Company Secretary
AGE
64
Board of Directors Tenure

Average tenure and age of the BOCOM International Holdings board of directors in years:

5.6
Average Tenure
55.5
Average Age
  • The tenure for the BOCOM International Holdings board of directors is about average.
Board of Directors

Chuange Cheng

TITLE
Deputy CEO & Executive Director
COMPENSATION
HK$5M
AGE
55
TENURE
9.8 yrs

Yung Hoi Tse

TITLE
Independent Non-Executive Director
COMPENSATION
HK$360K
AGE
66
TENURE
5.8 yrs

Yueheng Tan

TITLE
Chairman
COMPENSATION
HK$5M
AGE
56
TENURE
3.8 yrs

Zhijun Lin

TITLE
Independent Non-Executive Director
COMPENSATION
HK$360K
AGE
64
TENURE
8.5 yrs

Yijun Wang

TITLE
Non-Executive Director
AGE
46
TENURE
4.8 yrs

Zhihong Lin

TITLE
Non-Executive Director
AGE
49
TENURE
5.4 yrs

Fugang Shou

TITLE
Non-Executive Director
AGE
57
TENURE
12.7 yrs

Ning Ma

TITLE
Independent Non-Executive Director
COMPENSATION
HK$360K
AGE
46
TENURE
3.5 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 BOCOM International Holdings'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. BOCOM International Holdings 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.

597 News

Simply Wall St News

597 Company Info

Description

BOCOM International Holdings Company Limited, together with its subsidiaries, provides securities and related financial services in Hong Kong and Mainland China. The company operates through Brokerage, Corporate Finance and Underwriting, Asset Management and Advisory, Margin Financing, and Investment and Loans segments. The Brokerage segment trades in stocks, bonds, futures, options, and other marketable securities. The Corporate Finance and Underwriting segment provides corporate finance services, including equity underwriting, debt underwriting, sponsor services, and financial advisory services to institutional clients. The Asset Management and Advisory segment offers traditional asset management products and services to third party clients; and investment advisory, portfolio management, and transaction execution services. The Margin Financing segment provides securities-backed financial leverage for retail and institutional clients. The Investment and Loans segment engages in direct investment business, including investments in various debt and equity securities, investment in companies, and investment in loans. The company was formerly known as BOCOM Securities Company Limited and changed its name to BOCOM International Holdings Company Limited in May 2007. BOCOM International Holdings Company Limited was founded in 1998 and is headquartered in Central, Hong Kong. BOCOM International Holdings Company Limited is a subsidiary of Bank of Communications Co., Ltd.

Details
Name: BOCOM International Holdings Company Limited
597
Exchange: DB
Founded: 1998
HK$345,108,962
2,734,392,000
Website: http://www.bocomgroup.com
Address: BOCOM International Holdings Company Limited
Man Yee Building,
9th Floor,
Central,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 3329 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 19. May 2017
DB 597 Ordinary Shares Deutsche Boerse AG DE EUR 19. May 2017
SHSC 3329 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 19. May 2017
SZSC 3329 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 19. May 2017
Number of employees
Current staff
Staff numbers
320
BOCOM International Holdings employees.
Industry
Investment Banking and Brokerage
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/01 23:52
End of day share price update: 2020/04/01 00:00
Last estimates confirmation: 2018/03/27
Last earnings filing: 2020/03/25
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.