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Shenwan Hongyuan (H.K.)

DB:WAY
Snowflake Description

Undervalued with adequate balance sheet.

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

Shenwan Hongyuan (H.K.) Limited, an investment holding company, engages in brokerage, corporate finance, asset management, financing and loan, and investment and other businesses in Hong Kong. The last earnings update was 5 days ago. More info.


Add to Portfolio Compare Print
  • Shenwan Hongyuan (H.K.) has significant price volatility in the past 3 months.
WAY Share Price and Events
7 Day Returns
1%
DB:WAY
12.3%
DE Capital Markets
7.2%
DE Market
1 Year Returns
-54.6%
DB:WAY
-8.8%
DE Capital Markets
-17.5%
DE Market
WAY Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Shenwan Hongyuan (H.K.) (WAY) 1% -12.7% -17.6% -54.6% -73.2% -86.8%
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
  • WAY underperformed the Capital Markets industry which returned -8.8% over the past year.
  • WAY underperformed the Market in Germany which returned -17.5% over the past year.
Price Volatility
WAY
Industry
5yr Volatility vs Market

Value

 Is Shenwan Hongyuan (H.K.) 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 Shenwan Hongyuan (H.K.) 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 Shenwan Hongyuan (H.K.).

DB:WAY 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$2.64 * 4.8%
HK$0.13
Book Value of Equity per Share Median Book Value from the past 5 years. HK$2.64
Discount Rate (Cost of Equity) See below 5.9%
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:WAY
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%) (53.77%))
1.039
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.04
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.039 * 6.07%)
5.92%

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

The calculations below outline how an intrinsic value for Shenwan Hongyuan (H.K.) 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:WAY Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (4.8% – 5.92%) * HK$2.64)
HK$-0.03
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= HK$-0.03 / (5.92% - -0.39%)
HK$-0.47
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= HK$2.64 + HK$-0.47
HK$2.17
DB:WAY Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:WAY represents 0.10198x of SEHK:218
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.10198x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 2.17 x 0.10198
€0.22
Value per share (EUR) From above. €0.22
Current discount Discount to share price of €0.10
= -1 x (€0.10 - €0.22) / €0.22
53.5%

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

Current Discount
Amount off the current price Shenwan Hongyuan (H.K.) is available for.
Intrinsic value
>50%
Share price is €0.103 vs Future cash flow value of €0.22154
Current Discount Checks
For Shenwan Hongyuan (H.K.) to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Shenwan Hongyuan (H.K.)'s share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Shenwan Hongyuan (H.K.)'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 Shenwan Hongyuan (H.K.)'s earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Shenwan Hongyuan (H.K.)'s earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:WAY PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in HKD HK$0.09
SEHK:218 Share Price ** SEHK (2020-03-27) in HKD HK$1.01
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 Shenwan Hongyuan (H.K.).

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

= SEHK:218 Share Price ÷ EPS (both in HKD)

= 1.01 ÷ 0.09

10.78x

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

  • Shenwan Hongyuan (H.K.) is good value based on earnings compared to the DE Capital Markets industry average.
  • Shenwan Hongyuan (H.K.) is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Shenwan Hongyuan (H.K.)'s expected growth come at a high price?
Raw Data
DB:WAY PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.78x
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 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 .

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

  • Unable to calculate PEG ratio for Shenwan Hongyuan (H.K.), we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Shenwan Hongyuan (H.K.)'s assets?
Raw Data
DB:WAY PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in HKD HK$2.51
SEHK:218 Share Price * SEHK (2020-03-27) in HKD HK$1.01
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:WAY PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:218 Share Price ÷ Book Value per Share (both in HKD)

= 1.01 ÷ 2.51

0.4x

* Primary Listing of Shenwan Hongyuan (H.K.).

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

  • Shenwan Hongyuan (H.K.) is good value based on assets compared to the DE Capital Markets industry average.
X
Value checks
We assess Shenwan Hongyuan (H.K.)'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. Shenwan Hongyuan (H.K.) has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

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

Future Performance

 How is Shenwan Hongyuan (H.K.) 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 Shenwan Hongyuan (H.K.) 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
41.2%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Shenwan Hongyuan (H.K.) expected to grow at an attractive rate?
  • Unable to compare Shenwan Hongyuan (H.K.)'s earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Shenwan Hongyuan (H.K.)'s earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Shenwan Hongyuan (H.K.)'s revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:WAY Future Growth Rates Data Sources
Data Point Source Value (per year)
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:WAY Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 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:WAY Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
DB:WAY Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2019-12-31 645 137
2019-09-30 617 129
2019-06-30 588 -1,388 122
2019-03-31 548 -399 109
2018-12-31 508 590 96
2018-09-30 531 96 104
2018-06-30 555 -398 111
2018-03-31 544 -464 108
2017-12-31 534 -530 104
2017-09-30 499 -127 92
2017-06-30 465 275 80
2017-03-31 438 334 81

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Shenwan Hongyuan (H.K.) is high growth as no earnings estimate data is available.
  • Unable to determine if Shenwan Hongyuan (H.K.) 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:WAY 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 0 Analyst Estimates (S&P Global) See Below

All data from Shenwan Hongyuan (H.K.) Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:WAY Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
DB:WAY Past Financials Data
Date (Data in HKD Millions) EPS *
2019-12-31 0.09
2019-09-30 0.10
2019-06-30 0.11
2019-03-31 0.12
2018-12-31 0.12
2018-09-30 0.13
2018-06-30 0.14
2018-03-31 0.14
2017-12-31 0.13
2017-09-30 0.12
2017-06-30 0.10
2017-03-31 0.10

*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 Shenwan Hongyuan (H.K.) will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Shenwan Hongyuan (H.K.) is trading at Shenwan Hongyuan (H.K.)'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. Shenwan Hongyuan (H.K.)'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. Shenwan Hongyuan (H.K.)'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 Shenwan Hongyuan (H.K.)'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.
Shenwan Hongyuan (H.K.) 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.

Past Performance

  How has Shenwan Hongyuan (H.K.) 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 Shenwan Hongyuan (H.K.)'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.
  • Shenwan Hongyuan (H.K.)'s year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Shenwan Hongyuan (H.K.)'s 1-year earnings growth exceeds its 5-year average (42% vs -6.1%)
  • Shenwan Hongyuan (H.K.)'s earnings growth has exceeded the DE Capital Markets industry average in the past year (42% vs 5.1%).
Earnings and Revenue History
Shenwan Hongyuan (H.K.)'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 Shenwan Hongyuan (H.K.) Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:WAY Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 644.85 136.66 249.94
2019-09-30 616.53 129.32 234.82
2019-06-30 588.20 121.98 219.69
2019-03-31 548.20 109.10 206.70
2018-12-31 508.19 96.23 193.71
2018-09-30 531.45 103.78 194.09
2018-06-30 554.72 111.33 194.47
2018-03-31 544.45 107.71 192.88
2017-12-31 534.19 104.10 191.30
2017-09-30 499.41 91.89 181.60
2017-06-30 464.62 79.69 171.91
2017-03-31 437.60 80.98 155.64
2016-12-31 410.57 82.28 139.38
2016-09-30 436.15 94.96 142.40
2016-06-30 461.74 107.64 145.41
2016-03-31 570.58 145.98 169.66
2015-12-31 679.42 184.31 193.91
2015-09-30 682.96 186.72 193.14
2015-06-30 686.51 189.12 192.37
2015-03-31 572.76 141.53 171.29
2014-12-31 459.02 93.93 150.21
2014-09-30 413.69 74.22 138.19
2014-06-30 368.36 54.51 126.17
2014-03-31 355.94 50.87 120.21
2013-12-31 343.51 47.24 114.26
2013-09-30 332.05 46.73 112.97
2013-06-30 320.59 46.23 111.67
2013-03-31 307.07 38.19 111.40

*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.
  • Shenwan Hongyuan (H.K.) has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Shenwan Hongyuan (H.K.) used its assets less efficiently than the DE Capital Markets industry average last year based on Return on Assets.
  • Unable to establish if Shenwan Hongyuan (H.K.) 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 Shenwan Hongyuan (H.K.)'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.
Shenwan Hongyuan (H.K.) 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.

Health

 How is Shenwan Hongyuan (H.K.)'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 Shenwan Hongyuan (H.K.)'s finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Shenwan Hongyuan (H.K.) is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Shenwan Hongyuan (H.K.)'s cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Shenwan Hongyuan (H.K.)'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 11.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Shenwan Hongyuan (H.K.) Company Filings, last reported 2 months ago.

DB:WAY Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 3,919.32 778.90 6,320.43
2019-09-30 3,919.32 778.90 6,320.43
2019-06-30 3,865.11 539.24 4,880.89
2019-03-31 3,865.11 539.24 4,880.89
2018-12-31 2,208.11 469.92 6,102.29
2018-09-30 2,208.11 469.92 6,102.29
2018-06-30 2,168.14 612.00 5,054.15
2018-03-31 2,168.14 612.00 5,054.15
2017-12-31 2,163.52 845.00 4,621.12
2017-09-30 2,163.52 845.00 4,621.12
2017-06-30 2,104.59 243.00 4,433.30
2017-03-31 2,104.59 243.00 4,433.30
2016-12-31 2,091.76 278.59 5,074.93
2016-09-30 2,091.76 278.59 5,074.93
2016-06-30 2,057.26 482.34 4,829.71
2016-03-31 2,057.26 482.34 4,829.71
2015-12-31 2,081.17 749.68 4,416.87
2015-09-30 2,081.17 749.68 4,416.87
2015-06-30 2,021.28 2,175.00 4,339.27
2015-03-31 2,021.28 2,175.00 4,339.27
2014-12-31 1,316.50 1,009.10 3,137.23
2014-09-30 1,316.50 1,009.10 3,137.23
2014-06-30 1,251.80 1,080.60 2,677.47
2014-03-31 1,251.80 1,080.60 2,677.47
2013-12-31 1,246.11 809.38 2,926.80
2013-09-30 1,246.11 809.38 2,926.80
2013-06-30 1,218.35 455.82 2,473.03
2013-03-31 1,218.35 455.82 2,473.03
  • Shenwan Hongyuan (H.K.)'s level of debt (19.9%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (77.2% vs 19.9% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on Shenwan Hongyuan (H.K.)'s debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Shenwan Hongyuan (H.K.)'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. Shenwan Hongyuan (H.K.) has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

Dividends

 What is Shenwan Hongyuan (H.K.)'s current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.97%
Current annual income from Shenwan Hongyuan (H.K.) dividends.
If you bought €2,000 of Shenwan Hongyuan (H.K.) shares you are expected to receive €59 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?
  • Shenwan Hongyuan (H.K.)'s pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.68%).
  • Shenwan Hongyuan (H.K.)'s dividend is below the markets top 25% of dividend payers in Germany (4.96%).
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:WAY 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 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:WAY Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts
DB:WAY Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2020-03-23 0.030 3.051
2019-05-10 0.020 1.610
2018-04-10 0.060 3.123
2018-03-07 0.060 2.370
2017-05-12 0.040 1.407
2016-05-13 0.090 2.415
2016-04-12 0.090 2.394
2016-03-07 0.090 2.491
2015-03-31 0.050 1.217
2015-03-06 0.050 0.877
2014-03-11 0.040 1.003
2014-02-10 0.040 1.573
2013-03-26 0.015 0.564
2013-03-11 0.015 0.533
2012-08-24 0.000 0.000
2012-03-09 0.038 1.663
2011-08-26 0.030 1.312
2011-03-11 0.030 0.981
2010-08-20 0.030 0.844
2010-03-12 0.030 0.893
2009-09-11 0.020 0.512
2009-04-07 0.020 0.484

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 Shenwan Hongyuan (H.K.)'s earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.1x 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 Shenwan Hongyuan (H.K.)'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 Shenwan Hongyuan (H.K.) afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Shenwan Hongyuan (H.K.) has a total score of 3/6, see the detailed checks below.


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

Management

 What is the CEO of Shenwan Hongyuan (H.K.)'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
Yizhou Qiu
COMPENSATION HK$2,547,000
AGE 45
TENURE AS CEO 1.6 years
CEO Bio

Mr. Qiu Yizhou has been the Chief Executive Officer of Shenwan Hongyuan (H.K.) Limited since August 11, 2018 and its Executive Director since May 15, 2017. Previously, he served as the Deputy General Manager of Strategic Planning Division of Shenwan Hongyuan Securities Co., Ltd. He joined Shenyin & Wanguo Securities Co., Ltd., the former of Shenwan Hongyuan Group Co., Ltd, in 2004 and worked for the Investment Banking Division. Mr. Qiu has more than 10 years' experience in corporate finance and management of securities business. He was graduated from Nanjing University with Bachelor's Degree in Economics and also holds Master's Degree in Science from University of Manchester in the United Kingdom.

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

Alex Chen

TITLE
Chairman of the Board
AGE
49

Yizhou Qiu

TITLE
CEO & Executive Director
COMPENSATION
HK$3M
AGE
45
TENURE
1.6 yrs

Chun Guo

TITLE
Deputy Chairman
COMPENSATION
HK$3M
AGE
54

Jian Zhang

TITLE
Executive Director
AGE
41

Leslie Wong

TITLE
COO & Company Secretary
AGE
54
TENURE
10.2 yrs

Willis Ting

TITLE
Head of Corporate Finance
AGE
57

Simon Lee

TITLE
Head of Corporate Finance - Shenyin Wanguo Capital (H.K.) Limited
AGE
57

Kwong Chak Ho

TITLE
Managing Director of Shenyin Wanguo Securities (h K ) Limited
AGE
64

Meng Wu

TITLE
Executive Director
AGE
38
Board of Directors Tenure

Average tenure and age of the Shenwan Hongyuan (H.K.) board of directors in years:

1.6
Average Tenure
49.5
Average Age
  • The average tenure for the Shenwan Hongyuan (H.K.) board of directors is less than 3 years, this suggests a new board.
Board of Directors

Alex Chen

TITLE
Chairman of the Board
AGE
49
TENURE
0.6 yrs

Yizhou Qiu

TITLE
CEO & Executive Director
COMPENSATION
HK$3M
AGE
45
TENURE
2.8 yrs

Chun Guo

TITLE
Deputy Chairman
COMPENSATION
HK$3M
AGE
54
TENURE
1.6 yrs

Jian Zhang

TITLE
Executive Director
AGE
41
TENURE
1.3 yrs

Meng Wu

TITLE
Executive Director
AGE
38
TENURE
0.6 yrs

Patrick Ng

TITLE
Independent Non-Executive Director
COMPENSATION
HK$180K
AGE
66
TENURE
25.2 yrs

Larry Kwok

TITLE
Independent Non-Executive Director
COMPENSATION
HK$180K
AGE
63
TENURE
25 yrs

Lei Zhang

TITLE
Non-Executive Director
AGE
50
TENURE
7.1 yrs

Liqiang Chen

TITLE
Independent Non-Executive Director
COMPENSATION
HK$30K
AGE
40
TENURE
1.3 yrs

Alfred Bing Lo

TITLE
Director of Shenyin Wanguo Asset Management (Asia) Limited
AGE
58
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 Shenwan Hongyuan (H.K.)'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. Shenwan Hongyuan (H.K.) has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

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

News

Simply Wall St News

Company Info

Description

Shenwan Hongyuan (H.K.) Limited, an investment holding company, engages in brokerage, corporate finance, asset management, financing and loan, and investment and other businesses in Hong Kong. It offers stocks, futures, and options brokerage services; share and bond placement services; and RQFII products. The company also provides sponsor, financial advisory, and securities underwriting business; research on the Chinese Mainland securities and prepares company analytical reports for clients circulation; and asset management services. In addition, it offers financing and loan products; margin financing products; management and treasury services; and share custodian and nominee services. Further, the company is involved in the leasing of computer equipment; and property holding business. The company was formerly known as Shenyin Wanguo (H.K.) Limited and changed its name to Shenwan Hongyuan (H.K.) Limited in May 2015. The company was incorporated in 1972 and is headquartered in Wan Chai, Hong Kong. Shenwan Hongyuan (H.K.) Limited is a subsidiary of Shenwan Hongyuan Holdings (B.V.I.) Limited.

Details
Name: Shenwan Hongyuan (H.K.) Limited
WAY
Exchange: DB
Founded: 1972
HK$183,457,511
1,561,138,689
Website: http://www.swhyhk.com
Address: Shenwan Hongyuan (H.K.) Limited
28 Hennessy Road,
Level 19,
Wan Chai,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 218 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 02. Jan 1992
DB WAY Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
274
Shenwan Hongyuan (H.K.) employees.
Industry
Investment Banking and Brokerage
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/28 21:42
End of day share price update: 2020/03/27 00:00
Last estimates confirmation: 2019/02/15
Last earnings filing: 2020/03/23
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.