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Guotai Junan International Holdings

DB:GUE
Snowflake Description

Established dividend payer and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GUE
DB
HK$10B
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

Guotai Junan International Holdings Limited, an investment holding company, engages in the provision of margin financing, securities borrowing, and lending to margin customers, as well as initial public offering loans and other loans to customers and bank deposits in Hong Kong and internationally. The last earnings update was 8 days ago. More info.


Add to Portfolio Compare Print
  • Guotai Junan International Holdings has significant price volatility in the past 3 months.
GUE Share Price and Events
7 Day Returns
5.2%
DB:GUE
12.3%
DE Capital Markets
7.2%
DE Market
1 Year Returns
-36.3%
DB:GUE
-8.8%
DE Capital Markets
-17.5%
DE Market
GUE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Guotai Junan International Holdings (GUE) 5.2% -25.5% -25.5% -36.3% -61.4% -63.2%
DE Capital Markets 12.3% -26.5% -16.8% -8.8% -29% -56.3%
DE Market 7.2% -22.3% -26.1% -17.5% -25.7% -29.1%
1 Year Return vs Industry and Market
  • GUE underperformed the Capital Markets industry which returned -8.8% over the past year.
  • GUE underperformed the Market in Germany which returned -17.5% over the past year.

GUE Value

 Is Guotai Junan 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 Guotai Junan 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 Guotai Junan International Holdings.

DB:GUE 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$1.60 * 9%
HK$0.14
Book Value of Equity per Share Weighted future Book Value estimates from 3 analysts. HK$1.60
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:GUE
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))
= 0.754 (1 + (1- 25%) (626.11%))
3.208
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:GUE using Excess Returns Model Model

The calculations below outline how an intrinsic value for Guotai Junan 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:GUE Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (9% – 11.75%) * HK$1.60)
HK$-0.04
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= HK$-0.04 / (11.75% - -0.39%)
HK$-0.36
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= HK$1.60 + HK$-0.36
HK$1.24
DB:GUE Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:GUE represents 0.09714x of SEHK:1788
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.09714x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 1.24 x 0.09714
€0.12
Value per share (EUR) From above. €0.12
Current discount Discount to share price of €0.10
= -1 x (€0.10 - €0.12) / €0.12
15.3%

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

Current Discount
Amount off the current price Guotai Junan International Holdings is available for.
Intrinsic value
15%
Share price is €0.102 vs Future cash flow value of €0.1204
Current Discount Checks
For Guotai Junan International Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Guotai Junan International Holdings's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Guotai Junan 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 Guotai Junan International Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Guotai Junan International Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:GUE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in HKD HK$0.12
SEHK:1788 Share Price ** SEHK (2020-03-27) in HKD HK$1.05
Germany Capital Markets Industry PE Ratio Median Figure of 17 Publicly-Listed Capital Markets Companies 21.49x
Germany Market PE Ratio Median Figure of 400 Publicly-Listed Companies 16.49x

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

** Primary Listing of Guotai Junan International Holdings.

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

= SEHK:1788 Share Price ÷ EPS (both in HKD)

= 1.05 ÷ 0.12

8.98x

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

  • Guotai Junan International Holdings is good value based on earnings compared to the DE Capital Markets industry average.
  • Guotai Junan International Holdings is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Guotai Junan International Holdings's expected growth come at a high price?
Raw Data
DB:GUE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.98x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
18%per year
Germany Capital Markets Industry PEG Ratio Median Figure of 7 Publicly-Listed Capital Markets Companies 1.49x
Germany Market PEG Ratio Median Figure of 252 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.98x ÷ 18%

0.5x

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

  • Guotai Junan International Holdings is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Guotai Junan International Holdings's assets?
Raw Data
DB:GUE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in HKD HK$1.47
SEHK:1788 Share Price * SEHK (2020-03-27) in HKD HK$1.05
Germany Capital Markets Industry PB Ratio Median Figure of 32 Publicly-Listed Capital Markets Companies 1.61x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.42x
DB:GUE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1788 Share Price ÷ Book Value per Share (both in HKD)

= 1.05 ÷ 1.47

0.71x

* Primary Listing of Guotai Junan International Holdings.

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

  • Guotai Junan International Holdings is good value based on assets compared to the DE Capital Markets industry average.
X
Value checks
We assess Guotai Junan 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. Guotai Junan 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.

GUE Future Performance

 How is Guotai Junan International Holdings expected to perform in the next 1 to 3 years based on estimates from 4 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 Guotai Junan International Holdings expected to grow at an attractive rate?
  • Guotai Junan International Holdings's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Guotai Junan International Holdings's earnings growth is expected to exceed the Germany market average.
  • Guotai Junan International Holdings's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:GUE Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:GUE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 18%
DB:GUE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 10.6%
Germany Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 41.2%
Germany Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.2%

*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:GUE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:GUE Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 4,978 1,484 1
2021-12-31 4,222 1,263 3
2020-12-31 4,035 956 2
2020-03-28
DB:GUE Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2019-12-31 3,437 895
2019-09-30 3,191 912
2019-06-30 2,946 -3,840 929
2019-03-31 2,650 -3,412 863
2018-12-31 2,355 -2,984 797
2018-09-30 2,531 -10,190 929
2018-06-30 2,708 -17,395 1,062
2018-03-31 2,728 -15,945 1,145
2017-12-31 2,749 -14,495 1,228
2017-09-30 2,654 -8,333 1,167
2017-06-30 2,559 -2,172 1,106
2017-03-31 2,377 -4,453 1,038

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Guotai Junan International Holdings's earnings are expected to grow by 18% yearly, however this is not considered high growth (20% yearly).
  • Guotai Junan International Holdings's revenue is expected to grow by 10.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:GUE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Guotai Junan International Holdings Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:GUE Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 0.15 0.15 0.15 1.00
2021-12-31 0.15 0.16 0.13 2.00
2020-12-31 0.11 0.11 0.11 1.00
2020-03-28
DB:GUE Past Financials Data
Date (Data in HKD Millions) EPS *
2019-12-31 0.12
2019-09-30 0.12
2019-06-30 0.12
2019-03-31 0.11
2018-12-31 0.11
2018-09-30 0.13
2018-06-30 0.15
2018-03-31 0.16
2017-12-31 0.18
2017-09-30 0.17
2017-06-30 0.16
2017-03-31 0.15

*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.
  • Guotai Junan International Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Guotai Junan 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.
Guotai Junan International Holdings has a total score of 3/6, 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.

GUE Past Performance

  How has Guotai Junan 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 Guotai Junan 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.
  • Guotai Junan International Holdings's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Guotai Junan International Holdings's 1-year earnings growth exceeds its 5-year average (12.4% vs -0.3%)
  • Guotai Junan International Holdings's earnings growth has exceeded the DE Capital Markets industry average in the past year (12.4% vs 5.1%).
Earnings and Revenue History
Guotai Junan 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 Guotai Junan International Holdings Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:GUE 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 3,436.89 895.30 842.91
2019-09-30 3,191.42 912.08 783.50
2019-06-30 2,945.95 928.85 724.09
2019-03-31 2,650.26 862.84 683.47
2018-12-31 2,354.58 796.84 642.85
2018-09-30 2,531.24 929.17 633.55
2018-06-30 2,707.89 1,061.51 624.24
2018-03-31 2,728.26 1,144.84 650.14
2017-12-31 2,748.62 1,228.17 676.03
2017-09-30 2,653.94 1,167.06 649.55
2017-06-30 2,559.27 1,105.94 623.07
2017-03-31 2,377.27 1,037.54 574.86
2016-12-31 2,195.28 969.14 526.66
2016-09-30 2,073.23 959.42 513.72
2016-06-30 1,951.19 949.71 500.78
2016-03-31 1,991.90 981.62 503.21
2015-12-31 2,032.62 1,013.54 505.65
2015-09-30 1,967.71 1,008.85 464.41
2015-06-30 1,902.81 1,004.17 423.17
2015-03-31 1,734.46 901.98 397.27
2014-12-31 1,566.12 799.79 371.37
2014-09-30 1,546.53 796.72 365.00
2014-06-30 1,526.94 793.65 358.62
2014-03-31 1,321.57 665.02 315.57
2013-12-31 1,116.21 536.40 272.52
2013-09-30 961.45 424.21 246.65
2013-06-30 806.69 312.02 220.78
2013-03-31 794.88 309.51 214.27

*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.
  • Guotai Junan International Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Guotai Junan International Holdings used its assets less efficiently than the DE Capital Markets industry average last year based on Return on Assets.
  • Unable to establish if Guotai Junan 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 Guotai Junan 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.
Guotai Junan International Holdings 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.

GUE Health

 How is Guotai Junan 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 Guotai Junan International Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Guotai Junan International Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Guotai Junan International Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Guotai Junan 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 1.4x 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 Guotai Junan International Holdings Company Filings, last reported 2 months ago.

DB:GUE Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 11,411.79 63,049.77 71,865.30
2019-09-30 11,411.79 63,049.77 71,865.30
2019-06-30 11,379.26 57,315.26 72,787.34
2019-03-31 11,379.26 57,315.26 72,787.34
2018-12-31 11,512.02 48,620.49 68,175.36
2018-09-30 11,512.02 48,620.49 68,175.36
2018-06-30 11,460.08 41,957.86 61,108.05
2018-03-31 11,460.08 41,957.86 61,108.05
2017-12-31 10,991.43 36,418.29 51,932.51
2017-09-30 10,991.43 36,418.29 51,932.51
2017-06-30 10,674.47 19,137.29 31,134.41
2017-03-31 10,674.47 19,137.29 31,134.41
2016-12-31 10,533.83 15,795.72 27,384.72
2016-09-30 10,533.83 15,795.72 27,384.72
2016-06-30 10,288.67 15,099.26 26,213.05
2016-03-31 10,288.67 15,099.26 26,213.05
2015-12-31 7,635.26 10,644.03 22,113.25
2015-09-30 7,635.26 10,644.03 22,113.25
2015-06-30 7,392.99 12,683.30 17,487.07
2015-03-31 7,392.99 12,683.30 17,487.07
2014-12-31 7,065.21 4,635.61 11,254.05
2014-09-30 7,065.21 4,635.61 11,254.05
2014-06-30 4,797.67 5,457.45 1,778.01
2014-03-31 4,797.67 5,457.45 1,778.01
2013-12-31 3,947.32 3,710.82 9,435.85
2013-09-30 3,947.32 3,710.82 9,435.85
2013-06-30 3,608.96 1,877.76 1,373.29
2013-03-31 3,608.96 1,877.76 1,373.29
  • Guotai Junan International Holdings's level of debt (552.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (66.8% vs 552.5% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on Guotai Junan International Holdings's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Guotai Junan 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. Guotai Junan 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.

GUE Dividends

 What is Guotai Junan 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
5.9%
Current annual income from Guotai Junan International Holdings dividends. Estimated to be 7.14% next year.
If you bought €2,000 of Guotai Junan International Holdings shares you are expected to receive €118 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?
  • Guotai Junan International Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.68%).
  • Guotai Junan International Holdings's dividend is above the markets top 25% of dividend payers in Germany (4.96%).
Upcoming dividend payment

Purchase Guotai Junan International Holdings 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:GUE 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 4 Analyst Estimates (S&P Global) See Below
Germany Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 3.4%
Germany Market Average Dividend Yield Market Cap Weighted Average of 320 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

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

DB:GUE Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.09 1.00
2021-12-31 0.08 5.00
2020-12-31 0.07 5.00
2020-03-28
DB:GUE Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2020-03-20 0.062 6.118
2019-08-20 0.062 4.758
2019-05-28 0.040 3.101
2018-08-22 0.066 4.625
2018-03-16 0.090 4.442
2017-04-24 0.075 2.983
2016-04-19 0.075 2.800
2016-03-18 0.075 2.818
2015-04-13 0.070 2.543
2015-03-05 0.070 3.085
2014-04-08 0.053 3.096
2014-03-13 0.053 3.766
2013-04-05 0.033 2.944
2013-03-14 0.033 2.880
2012-08-23 0.030 3.470
2012-02-24 0.030 3.571
2011-08-19 0.027 4.011
2011-03-28 0.033 3.086
2011-03-18 0.033 2.791
2011-03-09 0.033 2.676
2010-08-26 0.013 0.893

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Guotai Junan International Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.8x coverage).
X
Income/ dividend checks
We assess Guotai Junan 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 Guotai Junan International Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Guotai Junan International Holdings has a total score of 5/6, see the detailed checks below.


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

GUE Management

 What is the CEO of Guotai Junan 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
Fung Yim
COMPENSATION HK$10,325,000
AGE 56
TENURE AS CEO 7.6 years
CEO Bio

Dr. Fung Yim, JP, has been an Independent Non-Executive Director of Shenzhen International Holdings Limited since May 17, 2017. He served as an Independent Non-Executive Director at Beijing Urban Construction Design & Development Group Co., Limited since December 16, 2013 until December 30, 2019. Dr. Yim had been the Chairman of the Board and Chief Executive Officer at Guotai Junan International Holdings Limited from August 24, 2012 to 2018. Dr. Yim joined Guotai Junan in 1993 and joined Guotai Junan International Holdings in 2000 and is responsible for the overall business management of Group. He served as a Deputy General Manager of Guotai Junan (Hong Kong) Limited from November 1999 to December 2000. From December 2000 to July 2010, Dr. Yim served as an Executive Chief for Guotai Junan Financial Holdings Limited. Dr. Yim has experience in the financial industry. From February 1993 to February 1998, Dr. Yim served as the deputy general manager of Shenzhen Hefeng Industrial Development Joint Stock Limited Company, a subsidiary of Junan Securities Co., Ltd. From February 1998 to August 1999, Dr. Yim acted as General Manager for Institution Client Department of Junan Securities Co., Ltd., and from August to November 1999, he was the office director of Guotai Junan Securities Co., Ltd. (Shenzhen Branch). From July 2010 to August 24, 2012, he served as the vice chairman of the board and executive chief of Guotai Junan International Holdings Limited. Dr. Yim joined Guotai Junan Securities Company Limited in 1993 where he joined Guotai Junan International Group in 2000 and is responsible for the overall business management of Group. He has experience in the securities industry. He has been an Executive Director of Guotai Junan International Holdings Ltd., since March 8, 2010. He serves as a Director of Guotai Junan Holdings Limited and Guotai Junan Financial Holdings Limited. He served as a Non-Executive Director of Shenzhen International Holdings Limited from May 22, 2014 to May 17, 2017. Dr. Yim was a director of Pakan International Limited. Dr. Yim is the fourth chairman of the Chinese Securities Association of Hong Kong. Dr. Yim is a Senior Economist and holds a doctorate in Economics from the Graduate School of the Chinese Academy of Social Sciences in August 1990 and a Bachelor Degree in Environmental Engineering from the Tsinghua University in 1985. In March 1994, he was qualified as a senior economist by the Bureau of Science and Technology Cadres, Guangdong Province.

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

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

4.1
Average Tenure
50.5
Average Age
  • The tenure for the Guotai Junan International Holdings management team is about average.
Management Team

Fung Yim

TITLE
Chairman of the Board & CEO
COMPENSATION
HK$10M
AGE
56
TENURE
7.6 yrs

Guang Jie Li

TITLE
CFO & Executive Director
COMPENSATION
HK$8M
AGE
51
TENURE
2.3 yrs

Tung Ching Wong

TITLE
Deputy CEO & Executive Director
COMPENSATION
HK$7M
AGE
47
TENURE
1.6 yrs

Haiying Qi

TITLE
Deputy CEO & Executive Director
COMPENSATION
HK$10M
AGE
37
TENURE
5 yrs

Grace Liu

TITLE
Head of Research Team
AGE
50
TENURE
14.8 yrs

Changhua Lai

TITLE
Chief Risk Officer
AGE
52
TENURE
2.3 yrs

Helen Feng

TITLE
Company Secretary
TENURE
4.1 yrs
Board of Directors Tenure

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

8.7
Average Tenure
53.5
Average Age
  • The tenure for the Guotai Junan International Holdings board of directors is about average.
Board of Directors

Guang Jie Li

TITLE
CFO & Executive Director
COMPENSATION
HK$8M
AGE
51
TENURE
10 yrs

Tung Ching Wong

TITLE
Deputy CEO & Executive Director
COMPENSATION
HK$7M
AGE
47
TENURE
10 yrs

Haiying Qi

TITLE
Deputy CEO & Executive Director
COMPENSATION
HK$10M
AGE
37
TENURE
5 yrs

Paul Tsang

TITLE
Independent Non-Executive Director
COMPENSATION
HK$550K
AGE
66
TENURE
9.8 yrs

Fung Yim

TITLE
Chairman of the Board & CEO
COMPENSATION
HK$10M
AGE
56
TENURE
7.6 yrs

Ming Song

TITLE
Independent Non-Executive Director
COMPENSATION
HK$550K
AGE
57
TENURE
9.8 yrs

Tingmei Fu

TITLE
Independent Non-Executive Director
COMPENSATION
HK$550K
AGE
52
TENURE
9.8 yrs

Lebin Xie

TITLE
Non-Executive Director
AGE
51
TENURE
2.8 yrs

Yiyong Liu

TITLE
Non-Executive Director
AGE
55
TENURE
2.8 yrs

Ceajer Chan

TITLE
Independent Non-Executive Director
COMPENSATION
HK$145K
AGE
61
TENURE
1.6 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 (€)
08. May 19 Buy Guotai Junan Securities Co., Ltd. Company 06. May 19 06. May 19 13,072,000 €0.17 €2,260,032
18. Apr 19 Buy Guotai Junan Securities Co., Ltd. Company 15. Apr 19 15. Apr 19 7,000,000 €0.18 €1,283,323
X
Management checks
We assess Guotai Junan 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. Guotai Junan 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.

GUE News

Simply Wall St News

GUE Company Info

Description

Guotai Junan International Holdings Limited, an investment holding company, engages in the provision of margin financing, securities borrowing, and lending to margin customers, as well as initial public offering loans and other loans to customers and bank deposits in Hong Kong and internationally. The company operates through Brokerage; Corporate Finance; Asset Management; Loans and Financing; Financial Products, Market Making, and Investments; and Others segments. It engages in the provision of securities, futures, options and leveraged foreign exchange dealing, and broking; fund, debt, and equity investments; and insurance brokerage services. The company also offers corporate finance advisory services, as well as placing and underwriting services of debt and equity securities. In addition, it provides asset management services consisting of portfolio management, investment advisory, and transaction execution services to individual clients, and private and public funds; structuring of financial products, as well as trading and market making services for debt securities, exchange traded funds, and derivatives; and the provision of information channel, wealth management, and money lending services. The company was founded in 1995 and is based in Central, Hong Kong. Guotai Junan International Holdings Limited is a subsidiary of Guotai Junan Holdings Limited.

Details
Name: Guotai Junan International Holdings Limited
GUE
Exchange: DB
Founded: 1995
HK$1,172,580,895
9,598,002,956
Website: http://www.gtja.com.hk
Address: Guotai Junan International Holdings Limited
Grand Millennium Plaza,
27th Floor, Low Block,
Central,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1788 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 08. Jul 2010
DB GUE Ordinary Shares Deutsche Boerse AG DE EUR 08. Jul 2010
SHSC 1788 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 08. Jul 2010
SZSC 1788 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 08. Jul 2010
Number of employees
Current staff
Staff numbers
543
Guotai Junan International Holdings employees.
Industry
Investment Banking and Brokerage
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/28 21:57
End of day share price update: 2020/03/27 00:00
Last estimates confirmation: 2020/03/24
Last earnings filing: 2020/03/20
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.