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China Cinda Asset Management

DB:A1864F
Snowflake Description

Very undervalued with reasonable growth potential and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
A1864F
DB
HK$56B
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

China Cinda Asset Management Co., Ltd. acquires, manages, invests in, and disposes financial and non-financial institution distressed assets in the People’s Republic of China. The last earnings update was 2 days ago. More info.


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A1864F Share Price and Events
7 Day Returns
-4%
DB:A1864F
3%
DE Capital Markets
2.2%
DE Market
1 Year Returns
-4.8%
DB:A1864F
-6.9%
DE Capital Markets
-17.2%
DE Market
A1864F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
China Cinda Asset Management (A1864F) -4% -7.2% -8.6% -4.8% -8.6% -
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
  • A1864F outperformed the Capital Markets industry which returned -6.9% over the past year.
  • A1864F outperformed the Market in Germany which returned -17.2% over the past year.
Price Volatility
A1864F
Industry
5yr Volatility vs Market

A1864F Value

 Is China Cinda Asset Management 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 Cinda Asset Management 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 Cinda Asset Management.

DB:A1864F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 4 analysts.
= Stable Book Value * Return on Equity
= CN¥4.32 * 8.5%
CN¥0.37
Book Value of Equity per Share Weighted future Book Value estimates from 4 analysts. CN¥4.32
Discount Rate (Cost of Equity) See below 12.3%
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:A1864F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.3%
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%) (1705.2%))
7.285
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 * 6.33%)
12.27%

Discounted Cash Flow Calculation for DB:A1864F using Excess Returns Model Model

The calculations below outline how an intrinsic value for China Cinda Asset Management 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:A1864F Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (8.5% – 12.27%) * CN¥4.32)
CN¥-0.16
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= CN¥-0.16 / (12.27% - -0.39%)
CN¥-1.28
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= CN¥4.32 + CN¥-1.28
CN¥3.04
DB:A1864F Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:1359)
1.092
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥3.04 x 1.092
HK$3.32
Non-primary Listing Adjustment Factor 1 share in DB:A1864F represents 61.19951x of SEHK:1359
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
61.19951x
Value per Share
(Listing Adjusted, USD)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 3.32 x 61.19951
$203.13
Value per share (USD) From above. $203.13
Current discount Discount to share price of $89.97
= -1 x ($89.97 - $203.13) / $203.13
55.7%

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

Current Discount
Amount off the current price China Cinda Asset Management is available for.
Intrinsic value
>50%
Share price is $89.97 vs Future cash flow value of $203.13
Current Discount Checks
For China Cinda Asset Management to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • China Cinda Asset Management's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • China Cinda Asset Management'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 Cinda Asset Management's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are China Cinda Asset Management's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:A1864F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CNY CN¥0.27
SEHK:1359 Share Price ** SEHK (2020-04-01) in HKD HK$1.47
SEHK:1359 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.916 CN¥1.35
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 China Cinda Asset Management.

DB:A1864F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1359 Share Price ÷ EPS (both in CNY)

= 1.35 ÷ 0.27

4.91x

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

  • China Cinda Asset Management is good value based on earnings compared to the DE Capital Markets industry average.
  • China Cinda Asset Management is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does China Cinda Asset Management's expected growth come at a high price?
Raw Data
DB:A1864F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.91x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
17.8%per year
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 .

DB:A1864F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 4.91x ÷ 17.8%

0.28x

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

  • China Cinda Asset Management is good value based on expected growth next year.
Price based on value of assets
What value do investors place on China Cinda Asset Management's assets?
Raw Data
DB:A1864F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CNY CN¥3.92
SEHK:1359 Share Price * SEHK (2020-04-01) in HKD HK$1.47
SEHK:1359 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.916 CN¥1.35
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:A1864F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1359 Share Price ÷ Book Value per Share (both in CNY)

= 1.35 ÷ 3.92

0.34x

* Primary Listing of China Cinda Asset Management.

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

  • China Cinda Asset Management is good value based on assets compared to the DE Capital Markets industry average.
X
Value checks
We assess China Cinda Asset Management'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. China Cinda Asset Management has a total score of 6/6, 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.

A1864F Future Performance

 How is China Cinda Asset Management expected to perform in the next 1 to 3 years based on estimates from 5 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
17.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is China Cinda Asset Management expected to grow at an attractive rate?
  • China Cinda Asset Management's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • China Cinda Asset Management's earnings growth is expected to exceed the Germany market average.
  • China Cinda Asset Management's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:A1864F Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:A1864F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 17.8%
DB:A1864F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 34.9%
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:A1864F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:A1864F Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 116,252 16,860 2
2020-12-31 109,158 15,084 2
2020-04-02
DB:A1864F Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-12-31 51,780 -22,130 11,553
2019-06-30 52,934 -21,782 11,024
2019-03-31 52,747 -24,687 10,992
2018-12-31 52,559 -27,592 10,959
2018-09-30 58,943 -35,869 13,885
2018-06-30 66,072 -44,145 16,811
2018-03-31 73,442 4,793 16,942
2017-12-31 80,813 53,731 17,073
2017-09-30 76,798 53,528 16,730
2017-06-30 72,784 53,324 16,386
2017-03-31 68,440 54,834 15,949

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • China Cinda Asset Management's earnings are expected to grow by 17.8% yearly, however this is not considered high growth (20% yearly).
  • China Cinda Asset Management's revenue is expected to grow significantly at over 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:A1864F 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 5 Analyst Estimates (S&P Global) See Below

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

DB:A1864F Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.43 0.46 0.40 3.00
2020-12-31 0.38 0.39 0.37 2.00
2020-04-02
DB:A1864F Past Financials Data
Date (Data in CNY Millions) EPS *
2019-12-31 0.27
2019-06-30 0.29
2019-03-31 0.29
2018-12-31 0.29
2018-09-30 0.36
2018-06-30 0.44
2018-03-31 0.44
2017-12-31 0.45
2017-09-30 0.44
2017-06-30 0.44
2017-03-31 0.43

*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 Cinda Asset Management is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess China Cinda Asset Management'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.
China Cinda Asset Management 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.

A1864F Past Performance

  How has China Cinda Asset Management 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 Cinda Asset Management'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.
  • China Cinda Asset Management's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • China Cinda Asset Management's 1-year earnings growth exceeds its 5-year average (5.4% vs -1.7%)
  • China Cinda Asset Management's earnings growth has exceeded the DE Capital Markets industry average in the past year (5.4% vs 3.2%).
Earnings and Revenue History
China Cinda Asset Management'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 Cinda Asset Management Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:A1864F 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 51,780.34 11,552.55 6,001.94
2019-06-30 52,934.43 11,024.02 6,602.43
2019-03-31 52,746.60 10,991.55 6,849.75
2018-12-31 52,558.77 10,959.08 7,097.07
2018-09-30 58,942.69 13,885.28 7,766.75
2018-06-30 66,071.58 16,811.49 8,436.42
2018-03-31 73,442.37 16,942.49 7,939.43
2017-12-31 80,813.17 17,073.49 7,442.43
2017-09-30 76,798.46 16,729.59 6,860.38
2017-06-30 72,783.75 16,385.69 6,278.32
2017-03-31 68,440.01 15,948.92 6,194.89
2016-12-31 64,096.26 15,512.16 6,111.46
2016-09-30 63,005.84 14,862.31 5,553.81
2016-06-30 61,915.43 14,212.46 4,996.16
2016-03-31 58,006.84 14,119.96 5,110.63
2015-12-31 54,098.25 14,027.47 5,225.10
2015-09-30 51,880.87 14,225.77 5,274.85
2015-06-30 49,663.49 14,424.07 5,324.60
2015-03-31 44,547.34 13,160.16 4,965.45
2014-12-31 39,431.20 11,896.24 4,606.30
2014-09-30 36,437.60 11,077.34 4,298.75
2014-06-30 33,444.01 10,258.43 3,991.20
2014-03-31 34,446.92 9,983.65 4,747.65
2013-12-31 31,380.79 9,027.28 3,804.66
2013-06-30 29,035.37 8,385.82 3,614.09

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • China Cinda Asset Management has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • China Cinda Asset Management used its assets less efficiently than the DE Capital Markets industry average last year based on Return on Assets.
  • Unable to establish if China Cinda Asset Management 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 China Cinda Asset Management'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.
China Cinda Asset Management has a total score of 2/6, see the detailed checks below.

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

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

A1864F Health

 How is China Cinda Asset Management'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 Cinda Asset Management's finances.

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

DB:A1864F Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 188,410.46 876,032.14 581,182.05
2019-06-30 183,769.72 865,316.57 612,211.45
2019-03-31 183,769.72 865,316.57 612,211.45
2018-12-31 178,568.47 888,474.85 598,610.46
2018-09-30 178,568.47 888,474.85 598,610.46
2018-06-30 175,158.84 854,755.39 584,411.32
2018-03-31 175,158.84 854,755.39 584,411.32
2017-12-31 168,264.66 811,269.24 295,416.33
2017-09-30 168,264.66 811,269.24 295,416.33
2017-06-30 161,595.43 733,919.67 230,179.76
2017-03-31 161,595.43 733,919.67 230,179.76
2016-12-31 147,970.02 636,305.05 208,387.42
2016-09-30 147,970.02 636,305.05 208,387.42
2016-06-30 112,749.65 511,096.84 248,882.00
2016-03-31 112,749.65 511,096.84 248,882.00
2015-12-31 110,893.93 442,586.53 148,316.50
2015-09-30 110,893.93 442,586.53 148,316.50
2015-06-30 110,555.77 393,414.59 191,448.50
2015-03-31 110,555.77 393,414.59 191,448.50
2014-12-31 101,863.26 339,610.65 112,565.98
2014-09-30 101,863.26 339,610.65 112,565.98
2014-06-30 90,778.34 311,749.41 99,329.69
2014-03-31 90,778.34 311,749.41 99,329.69
2013-12-31 82,762.12 233,629.17 83,291.13
2013-06-30 62,745.31 164,514.87 47,428.78
  • China Cinda Asset Management's level of debt (464.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (333.7% vs 464.3% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on China Cinda Asset Management's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess China Cinda Asset Management'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 Cinda Asset Management has a total score of 1/6, 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.

A1864F Dividends

 What is China Cinda Asset Management'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
7.06%
Current annual income from China Cinda Asset Management dividends. Estimated to be 7.57% next year.
If you bought $2,000 of China Cinda Asset Management shares you are expected to receive $141 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 Cinda Asset Management's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.65%).
  • China Cinda Asset Management'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:A1864F 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 5 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:A1864F Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 0.00 1.00
2022-12-31 0.00 1.00
2021-12-31 0.13 5.00
2020-12-31 0.12 5.00
2020-04-02
DB:A1864F Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-03-28 0.095 6.212
2018-06-29 0.142 7.931
2017-06-30 0.122 4.980
2016-03-29 0.116 4.867
2015-08-27 0.099 4.384
2015-06-29 0.099 3.446

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

  • China Cinda Asset Management has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • China Cinda Asset Management has only been paying a dividend for 5 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of China Cinda Asset Management's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (1204.8x coverage).
X
Income/ dividend checks
We assess China Cinda Asset Management'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 China Cinda Asset Management afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. China Cinda Asset Management 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.

A1864F Management

 What is the CEO of China Cinda Asset Management'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
Weidong Zhang
AGE 52
TENURE AS CEO 1.3 years
CEO Bio

Mr. Zhang Weidong is President and an Executive Director at China Cinda Asset Management Co., Ltd. Since January 21, 2020. Mr. Zhang served as an Assistant to President at China Cinda Asset Management Co., Ltd. from June 2013 to July 22, 2015 and served as its Board Secretary from February 2011 to April 2016. Mr. Zhang served as officer of the Real Estate Credit Department and secretary of the Youth League Committee of CCB from July 1992 to April 1999. Mr. Zhang joined the Company in April 1999 and served as senior manager of the President Office, senior manager of the Review Committee, deputy director and general manager of the Asset Appraisal Department from May 1999 to February 2006 and general manager of the Market Development Department from February 2006 to November 2008. He has also served successively as director of the Reorganization Leading Panel Office, the Strategic Investors Introduction and Listing Leading Panel Office and the Listing Preparation Leading Panel Office since November 2008 and general manager of the Investment and Financing Department from April 2009 to September 2011. Mr. Zhang has been the general manager of the Strategic Development Department and the director of the Financial Risk Research Center since September 2013. Mr. Zhang did not hold any directorship in any other listed companies in the last three years. He has served as Deputy Secretary of the Party Committee of China Cinda Asset Management Co., Ltd. since October 2019. He worked in China Construction Bank from July 1992 to April 1999 and previously served as the Cadre and Deputy Director of the Real Estate Credit 2 Department. He joined the Company in April 1999 and served successively as the Deputy Director of the Asset Appraisal Department, the General Manager of the Asset Appraisal Department, the General Manager of the Market Development Department, the Head of the Reorganization Leading Panel Office, the Head of the Strategic Investors Introduction and Listing Panel Office, the Head of the Listing Preparation Leading Panel Office, the General Manager of the Investment and Financing Management Department, the Board Secretary (concurrently serving as the General Manager of Strategic Development Department, the Director of the Financial Risk Research Center and the Director of the Postdoctoral Management Office) and the Assistant to the President of the Company since September 2002. From November 2015 to October 2019, he successively held various positions in China Trust Protection Fund Co., Ltd., including the executive director, vice president and president. He graduated from Tongji University in July 1989 with a bachelor's degree in engineering and graduated from Renmin University of China in June 1992 with a master's degree in economics. He holds the professional title of Senior Economist.

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

Average tenure and age of the China Cinda Asset Management management team in years:

4
Average Tenure
53
Average Age
  • The tenure for the China Cinda Asset Management management team is about average.
Management Team

Zi’ai Zhang

TITLE
Chairman of the Board
COMPENSATION
CN¥893K
AGE
58

Weidong Zhang

TITLE
President & Executive Director
AGE
52
TENURE
1.3 yrs

Yingxun Yang

TITLE
General Manager of the Finance & Accounting Department

Zhenhong Luo

TITLE
Chief Risk Officer
AGE
54
TENURE
6.5 yrs

Jiuchao Ai

TITLE
Board Secretary
AGE
52
TENURE
4 yrs
Board of Directors Tenure

Average tenure and age of the China Cinda Asset Management board of directors in years:

2.2
Average Tenure
54.5
Average Age
  • The average tenure for the China Cinda Asset Management board of directors is less than 3 years, this suggests a new board.
Board of Directors

Weidong Zhang

TITLE
President & Executive Director
AGE
52
TENURE
0.3 yrs

Jiande Gong

TITLE
Chairman of Board of Supervisors
AGE
56
TENURE
5.2 yrs

Zi’ai Zhang

TITLE
Chairman of the Board
COMPENSATION
CN¥893K
AGE
58
TENURE
1.7 yrs

Baowen Sun

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥250K
AGE
55
TENURE
3.5 yrs

Jieping He

TITLE
Non-Executive Director
AGE
56
TENURE
1.8 yrs

Zhengfei Lu

TITLE
Independent Non-Executive Director
AGE
56
TENURE
0.8 yrs

Wuxiang Zhu

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥250K
AGE
54
TENURE
3.5 yrs

Guoqing Zhang

TITLE
Non-Executive Director
AGE
53
TENURE
3 yrs

Chong Liu

TITLE
Non-Executive Director
AGE
49
TENURE
2.7 yrs

Long Xu

TITLE
Non-Executive Director
AGE
53
TENURE
1.8 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 Cinda Asset Management'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 Cinda Asset Management 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.

A1864F News

Simply Wall St News

A1864F Company Info

Description

China Cinda Asset Management Co., Ltd. acquires, manages, invests in, and disposes financial and non-financial institution distressed assets in the People’s Republic of China. The company operates in three segments: Distressed Asset Management Business, Financial Investment and Asset Management Business, and Financial Services Business. It is also involved in receivership; foreign investment; securities and futures dealing; financial bond issuance; inter-bank borrowing and lending; commercial financing for other financial institutions; approved asset securitization business; financial institutions custody; and closing and liquidation of business. In addition, the company engages in consulting and advisory business on finance, investment, and legal and risk management; asset and project evaluation; banking business; insurance; fund management; asset management; trust; financial leasing services; and real estate and industrial investments and other businesses. Further, it is involved in securities brokerage, life insurance, real estate development, property leasing, hotel management, and aircraft leasing activities. The company serves customers through 33 branches. China Cinda Asset Management Co., Ltd. was founded in 1999 and is headquartered in Beijing, the People’s Republic of China.

Details
Name: China Cinda Asset Management Co., Ltd.
A1864F
Exchange: DB
Founded: 1999
HK$7,236,112,114
38,164,535,147
Website: http://www.cinda.com.cn
Address: China Cinda Asset Management Co., Ltd.
No. 1 Building,
9 Naoshikou Street,
Beijing,
100031,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1359 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong Ltd. HK HKD 12. Dec 2013
OTCPK CCGD.F Foreign Shares-Foreign Listed Pink Sheets LLC US USD 12. Dec 2013
DB 0CI Foreign Shares-Foreign Listed Deutsche Boerse AG DE EUR 12. Dec 2013
SHSC 1359 Foreign Shares-Foreign Listed Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 12. Dec 2013
SZSC 1359 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 12. Dec 2013
DB A1864F 4.45%-FRN SUB PERP USD200000 'REGS' Deutsche Boerse AG DE USD 10. Nov 2016
Number of employees
Current staff
Staff numbers
16,579
China Cinda Asset Management employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/02 00:34
End of day share price update: 2020/04/01 00:00
Last estimates confirmation: 2020/04/01
Last earnings filing: 2020/03/31
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.